Edition 750 - October 26, 2018

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by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Bitcoin Futures

Bitcoin futures are tradable, same as any other financial futures. On the chart below we see that bitcoin has descended from recent highs to first one lower level, where prices moved sideways for several days, and then descended even further into a shallow V bottom. Since that time, Bitcoin has made nine consecutive higher lows. Prices are now set to challenge the recent trading range highs. Failure to break through would be hard on those who believe Bitcoin has much higher to go at this time.

The question is, “Are Bitcoin prices trending?” According to The Law of Charts In-Depth Webinar, prices are in the birth canal of an uptrend. It takes only three consecutive higher lows and higher highs to be able to say prices are beginning to trend. The segment counting method is described in “Trading the Ross Hook.” In other words, there is more than one way to view a trend. Segment counting looks for a trend in the birth canal. Any correction to the segment count after the first 3 segments, constitutes a #2 point.

Notice the trend is not yet defined. To define the trend prices would need to make a lower high and a lower low—a correction, and then continue. If that happened, you would see a 1-2-3 low on the chart, and a violation of the #2 point would define the trend. The first failure of prices to follow a violation of the #2 point would create a Ross Hook. A violation of the Ross Hook would establish the trend.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Break Time

Reality is subjective. There are different states of reality in the same way that there are different states of mind, or different states of emotion. After a series of setbacks, for example, the world can look bleak. Yet after a series of big wins, in contrast, you can feel euphoric, even omnipotent. So which is the true reality? This is a hard question to answer. Perhaps it is best to consider that there are multiple realities, and that some are more conducive to optimal trading than others.

One reality is that you must make profits. If you don't make enough winning trades, you will blow out your account. As true as this fact of trading is, however, forcing yourself to make trade after winning trade can actually make you choke under the pressure. While trading the markets, it is best to put this reality out of your mind. The more you can stay focused on your ongoing experience, rather than dwelling on your performance, the better. The more you just don't care, the better you will trade. Psychologists call this phenomenon the paradox of control: You have to give up control to actually gain control. If you feel that you can lose money and survive, you'll actually make more money. It sounds strange, but it's true. That said, it is hard to forget about your financial needs, aspirations, and expectations. If you are serious about the trading profession, you are probably the type of person who has high aspirations. You seek out success and you are ready to do whatever it takes to succeed.

If you want to trade at your best it is important to get away from it all, psychologically, that is. You need to let your mind relax. You need to let your thoughts slow down. You must occasionally get away from the competitive world of trading. Everyone has his or her approach. Some use meditation. Others work out at the gym until they let off pent up energy and are fully relaxed. And many people get a massage to relieve physical tension. The key is to shake your mind out of one reality and put it into another. Here's one method that can really give your mind the shock it needs. You can immerse your body in warm water (hot but not scalding and preferably at a professionally operated spa) for two minutes and then jump into a pool of cold water. When you immerse your body in a pool of hot water, all you can think about is coping with the heat. It's a little painful and so you must maintain concentration to avoid jumping out. It's a great way to focus.

Trading is inherently stressful. As much as we try to avoid it, our ego is often on the line with our money. It's essential to psychologically get away from it all. Whether it is meditation, exercise or a vacation on a tropical island, it's vital to shake up your reality, rest, and rejuvenate.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

SALE

30% OFF EBOOKS

boo30
COUPON CODE DURING CHECKOUT
GOOD UNTIL NOVEMBER 9TH

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

PAGS Trade

On 9th October 2018 we gave our Instant Income Guaranteed subscribers the following trade on PagSeguro Digital Ltd (PAGS). Price insurance could be sold as follows:

• On 10th October 2018, we sold to open PAGS Nov 16 2018 20P @ 0.30, with 36 days until expiration and our short strike about 31% below price action, making the trade very safe.
• On 16th October 2018, we bought to close PAGS Nov 16 2018 20P @ 0.15, after 6 days in the trade for quick premium compounding

Profit: 15$ per option

Margin: 400$

Return on Margin annualized: 228.13%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  FEAR

There are three foes you must overcome in order to become an adequate trader.

The first foe is fear. If a trader runs away out of fear and avoids trading, nothing will happen except that he will never learn.

Fear causes your logic to become fuzzy and unclear. Lack of clarity becomes the second foe you have to overcome. Clearness of mind about the trading process removes fears. If you yield to the power of fear, you will have succumbed to a lack of clarity.

In trading what can get you into trouble are not the eventualities you took into account, but rather the variables you never thought to question. You must see clearly and use it only to trade what you see, and wait patiently and measure carefully before entering and following a trade.

If you can learn to see clearly, you will possess power. However, power wrongly used is the third foe you have to overcome. Power improperly deployed can destroy you. You must keep everything under control and know how to use power. Power in trading means understanding the markets and how they work. If you do not possess such understanding, power can come and go. If you have such power, it should be used only when it feels right.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

SALE

30% OFF EBOOKS

boo30
COUPON CODE DURING CHECKOUT
GOOD UNTIL NOVEMBER 9TH

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 749 - October 19, 2018

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Crude Oil

Hey Joe! What’s your take on crude oil? Will it recover from the recent leg down?

I’m not a prophet, but for now it looks to me like profit taking time, as longs sell out their positions to cash in on the previous move up.

At some point, oil will price itself "out" of business, at least to the extent it is currently "in" business. If economies crash due to the high price of oil, there will be less demand. The high prices spur governments and industry to look for substitutes. Alternatives to crude suddenly become quite reasonable in price. Together, all factors work towards lower oil prices, whenever crude becomes relatively expensive.

It seems that on any chart of crude there have been numerous chances to employ The Law of Charts In-Depth Webinar. Since the week of June 23, 2017 crude has mostly trended, eventually becoming a genuine bull market as can be seen on the weekly chart. At this point the one-week move down is nothing more than a correction.

Traders have the mistaken idea that if they have a small account, they must trade from very short-term charts. It is my firm belief that such thinking is wrong. It is a common misconception that if you use a larger time frame, you have to take a bigger risk. If your trading setup is correct, the move in the larger time frame chart is going to be much more explosive than it is from a similar move in a smaller time frame.

I have had no trouble day trading from weekly and daily chart signals, while at the same time keeping my risk very low. There need not be a relationship between risk and time frame for a day trader. Whether you trade a 1-minute chart or a 1-week chart, if you are a day trader you are going to be out by the end of the session in which you are trading. The lines between day trader and position trader are not nearly as clear as they used to be. With trading sessions lasting throughout the night, what exactly is day trading?

Once you decide how much you are willing to risk on a trade, what difference does it make from which time frame you trade? One of the best trades I witnessed last year was done from a weekly bond chart with a risk of only $200. The single most important item in any trade is risk. Risk must always be determined before the trade is entered. Sadly, many, if not most, traders fail to assess risk before they enter.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Making Progress

Learning to master the markets can sometimes seem like climbing a tall mountain: You know it can be done, but you don't know how to do it, or whether you could do it if you had to. The task may seem insurmountable, and as you think about it, daunting. Fully mastering the markets takes time; time is needed to gain the vast experience required to trade in a variety of market conditions, and the advanced skill set required takes a great deal of practice. Rather than tackle the experience all at once, however, it is more useful to pick a few key trading strategies, identify the market conditions where they perform optimally and trade under these ideal conditions to build up trading skills and confidence. Rather than strive for instant success, it's better to make sure and steady progress.

There are benefits in taking it slow when it comes to learning how to trade. It's essential that a novice trader build up a sense of confidence with a few key strategies. Psychologists refer to this process as building up self-efficacy beliefs. Self-efficacy is different from self-esteem. A person can have low self-esteem yet believe that he or she can perform a specific task under a specific set of circumstances with a feeling of self-efficacy. Similarly, a beginning trader may believe that he or she is an average trader but has specific abilities when trading a particular trading strategy under specific market conditions. For example, suppose you know you can trade in a bull market using just a few key signals. It may be useful to trade this strategy at the start of the trading day. There's a good chance that you'll achieve success and feel good about your initial abilities. In other words, you'll feel a sense of self-efficacy. Now, you may also know that should market conditions change, you are better off standing aside.

Research on self-efficacy has shown that when people believe they have self-efficacy regarding a specific set of skills, they set challenging goals, show unfailing persistence, experience pleasant moods, and can easily handle stress. These characteristics are conducive to profitable trading. Anything you can do to increase self-efficacy will help you master the markets and achieve long term profitability. The two most obvious ways to increase self-efficacy are to start off trading with methods you have mastered so that you meet with initial success and increase your feelings of efficacy, and to practice and gain experience as a trader. The more success you achieve, the greater your self-efficacy, and the more likely you'll be able to trade in a greater variety of market conditions and persist until you achieve consistent profitability. So don't be overly ambitious. Set realistic goals, achieve initial success, and build up your sense of self-efficacy. The greater your self-efficacy, the better you will succeed in the markets.

Let me give you an example. Pete was only a breakeven trader after 22 years trying to make a living trading in the markets. He never seemed to be able to make that important breakthrough that would enable him to trade for a living. That’s when he came up with a simple trading idea that enabled him to achieve success.

Pete liked to trade options, but the many different option strategies did nothing more than complicate his trading. From trading complicated option positions in the futures markets, Pete switched to trading stock options. Changing markets was a good way to get a fresh start.

Pete then did a very simple thing. He decided to sell covered calls only on stocks that were rising. Bingo! He began making money. Selling covered calls exactly fit his efficacy profile. There’s virtually always something that is going up, even in bear markets. Although the choices are fewer in a bear market, the excessive price of all options—calls and puts rise due to a rise in volatility. After all those years of trying, Pete found his way to trade. He is now a full-time professional trader.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

EWZ Trade

On 2nd October 2018 we gave our Instant Income Guaranteed subscribers the following trade on iShares MSCI Brazil Index Fund (EWZ). Price insurance could be sold as follows:

• On 4th October 2018, we sold to open EWZ Nov 16 2018 28.5P @ 0.29, with 42 days until expiration and our short strike about 20% below price action.
• On 8th October 2018, we bought to close EWZ Nov 16 2018 28.5P @ 0.11, after 4 days in the trade for quick premium compounding

Profit: 18$ per option

Margin: 570$

Return on Margin annualized: 288.16%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  Many Kinds of Emotions Go with Winning and Losing

Once a trade is entered, there are two possible outcomes: Win or lose. Between the two is the breakeven point, and because it is in-between, it’s psychologically significant. Losing is involved with fear and hope. Winning is involved with greed.

When on the losing side of a trade, the breakeven point is a place that inspires hope. Being human we have a natural tendency to avoid risk and loss. When in the agony of a losing trade, we tend to hold on and hope that the losing trade will turn around and return to the breakeven point, where there may be no profits, but at least there are no losses. But hoping often leads to losses in the end. Hope has no place in making trading decisions. The entry point and the protective stop should be determined before putting on a trade. When this is done properly, there is no reason to let hope, or any other emotion, influence your trading decisions. You should trade almost mechanically. If the trade goes against you, simply exit once the stop price is hit. Don't let hope play a role in your trading plan. There are many good reasons to cut your losses, rather than hope for the losing trade to turn around.

The point of view a trader has from a winning trade is quite different. When in a winning trade, a lot of traders tend to take all their profits too early, again because they are averse to risk and potential loss. By exiting the entire position too early they don't let their profits run. This limits the size of the winning trades, so that across a series of trades, the overall profit is greatly lessened. But there's a way to lock in profits, let the trade run a little longer, and pile on a little more profit. Once the profit exceeds the initial stake, a stop can be placed at the breakeven point. This strategy lets you lock in some initial profits while virtually eliminating risk. The most you can lose is commission costs. Besides reducing financial risk, the emotional stress is also eliminated. And reduced stress means you can evaluate the bigger picture more objectively.

Unfortunately, many novice traders are so consumed with capturing a profit and showing a good profit/loss statement that they cannot follow through with moving the stop to the breakeven point. They feel the strategy inhibits them and may limit their potential profits. They wrestle with moving the stop back to its original point, where they entered, or simply canceling it altogether. This can be disastrous to a trading account. Stops should never be changed to a more harmful position or canceled altogether. Such practices will stir up emotions that adversely affect trading decisions, and eventually lead to the end of a trading career. Discipline is always the best strategy.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 748 - October 12, 2018

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Stock Indices

Hey Joe! Any clue as to which way the stock market will go next?

Looking at the three stock indices above, I cannot tell which way stock prices will move next. However, I can make a pretty good guess as to which one will lead the way if prices move higher. If you look as the Nasdaq (chart on the left) you can see virtually day-by-day how much better NQ has performed since the low made on February 9.

I often look at charts that way, day-by-day, to closely compare the price action, and to detect any hint of which way they may move next. It has been a profitable exercise doing so.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Rise to the Occasion

Trading is a challenging profession. Many seek out success, but few make it. The markets don't always cooperate with your plans. You can trade all day, and work hard at it, but you can still end up losing money. Thinking of the big picture helps ease the pressure. You can calmly think, "What's there to worry about? It's just one trade among many. It's just one day. There are many more days to trade." Thinking of the bigger picture is a great thinking strategy that you can use to calm down. It's also useful to realize that you can't control everything. All you can do is persist in the face of uncertainty and hope for the best. You may not win all the time, but you deserve to win, and you should trade as if you are a winner.

All you can do is bravely try to overcome obstacles and trade as if you deserved to win. That isn't to say that you should give up and assume you couldn't win. Indeed, trading to win is far from that. You must work so diligently that regardless of the outcome, you will feel at peace knowing that you did your best.

Ever heard the phrase, "Winning is the only thing"? Winning is important, but ironically, it can't be "the only thing." A more apt saying for success is, "It's not whether you win or lose, but how you play the game." If you trade with resolution and discipline, you'll be more likely to achieve success. You must respect trading and the markets. You can't impose your will onto the markets. The markets will do whatever they want. You must be ready to accept what the markets have to offer you. It's vital to enjoy the process of trading. It's intellectually challenging. You can use your creative abilities to identify trading opportunities, and feel a sense of accomplishment by solving difficult problems. Sometimes you'll win, but many times you will lose. But each trading opportunity has a little something to teach you about yourself, the markets, and trading. It may be just a little thing, like how you can accept taking a loss after a fluke ruined a perfectly good trade.

Enjoy the process of trading. Fight hard; try to overcome every obstacle. But do it because you love it, not because you need to win. If you can step away from the idea that winning is all that matters, you'll be able to control your emotions. When you encounter a setback, you won't experience self-doubt or inadequacy. Instead, you will actively and creatively think about what you can do next. What is the next step you can take to bring you closer to your goals? It's hard to do. In modern society we are driven to win, but ironically, the people who actually win in the long run aren't consumed with winning. They are consumed with the process of trading, honing their skills, and gaining a sense of peace knowing that they have worked to the best of their abilities. They feel satisfied just knowing that they have put in a noble effort.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

ALB Trade

On 10th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Albemarle Corporation (ALB). Price insurance could be sold as follows:

• On 11th September 2018, we sold to open ALB Oct 26 2018 85P @ 0.45, with 38 days until expiration and our short strike about 13% below price action.
• On 17th September 2018, we bought to close ALB Oct 26 2018 85P @ 0.10, after 6 days in the trade for quick premium compounding.

Profit: 35$ per option

Margin: 1700$

Return on Margin annualized: 125.25%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  The Long Run Is Longer Then You Think

Many traders are smart enough to know that they will win in the long run by taking only the best trades, but become impatient due to the lack of anything happening. They forget that the long run can be “long”.

Taking only the best trades can be frustrating. They come along rarely, and even when they do there is no guarantee of winning with them. Long gaps occur in between. We can become angry and irritable, and our emotional balance can be severely tested.

Many traders, especially beginning traders, seem to think that they have to trade all the time if they want to make money. Very often the opposite is true. A good trader is a patient trader, because he knows that "the long run" is longer than we think.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 747 - October 5, 2018

EXTRA! EXTRA!  READ ALL ABOUT IT!
PROFESSIONAL TRADER ANDY JORDAN HAS RELEASED A NEW PRODUCT AND IS OFFERING A LIMITED TIME FREE TRIAL!
CLICK HERE - TRADERS NOTEBOOK LIVE TRADING ROOM!

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Basic Law of Charts 2

The chart below shows a situation that comes up from time to time. The chart was sent in by one of our students, along with some questions.

First: Was that a 1-2-3 high formation? Answer: Yes!

Second: Do the arrows point to Traders Trick Entries? Answer: Yes!

Third: Would you have lost money had you gone short? Answer: that depends on your management. Certainly there was sufficient room in the trade for you to have covered costs, taken a profit, and moved your stop to breakeven.

Fourth: Was the Traders Trick from the 1-2-3 formation still in effect based on the third bar following the bar marked "3?" Answer: Yes and No!
Why Yes? Because the outside bar, the second bar following the bar marked "3," is actually a Ross Hook.

Why No? Because the fact that there is a Ross Hook means there is no need to perceive the Traders Trick Entry as being based on the 1-2-3 formation. I know that at first glance, on an unmarked chart it appears (if you didn't see the Ross hook) that the Traders Trick Entry based on the 1-2-3 formation might still be in effect.

If the bar marked "Rh™" had a low equal to or higher than the first bar following the bar marked "3." it would have indeed rendered the second Traders Trick Entry to be in exactly the same place as it is shown by the arrow on the right.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Chess and Trading. What do you think?

Although I haven't the faintest idea of how to play chess, it certainly seems like a great idea. I imagine you can improve stock and futures trading by learning how to play chess.  It might also help to develop an interest in physics. Every trader should learn to develop his problem-solving and pattern recognition abilities.  I’ve been told that nothing does this better than learning how to play chess. Some of the first computer algorithms were designed to play chess. Just as chess taught the computer how to think, it seems likely chess can teach traders how to think more logically and effectively. Chess is something that might be taught in the first grade through high school in all schools to help children develop problem-solving abilities, and to create self-confidence and self-reliance.  Chess, when taught to under-privileged children, was responsible for the greatest overall grade improvement for all students on all levels. Of course no one knows for sure what the social impact of such a plan might be.  What about the kid who really has trouble seeing ahead; kids who have dyslexia like me? Pattern recognition is the key to understanding bar chart structure. Variations of similar patterns are constantly occurring in the markets. Prices move either up or down 100% of the time.  Truly, prices do not move sideways.  Markets move sideways, not prices.  If a price moves, by definition it is either up or down. If a price ticks sequentially more than once at the same price, it hasn’t move at all.  Sideways for the market indicates virtually all price movement within a certain range.  A key to correct technical analysis is simplicity; breaking the market down to its basic price structures for comparisons of highs, lows, opens and closes within various time periods. Profitable trading can be derived from recognition of simple recurring price patterns based on the action, reaction, and interaction of market perception.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

UAA Trade

On 24th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Under Armour, Inc. (UAA). Price insurance could be sold as follows:

• On 25th September 2018, we sold to open UAA Oct 26 2018 18P @ 0.30, with 31 days until expiration and our short strike about 13% below price action
• On 27th September 2018, we bought to close UAA Oct 26 2018 18P @ 0.15, after 2 days in the trade for quick premium compounding

Profit: 15$ per option

Margin: 360$

Return on Margin annualized: 760.42%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  How to handle fear?

Let’s get one thing straight. Fear, for the majority of traders is a very real thing. You have it, I have it. Others have it as well.

In order to become a professional trader, you must learn to deal with fear. The first step is to acknowledge that you have, which is what you have done. Once you admit to fear, you can begin to deal with it.

When you notice the impulse to trade based on strong fear, it is usually best to literally step out of the trap by stepping out of the situation.

You need to get up, walk away from the computer. Turn off the television, take a walk, get something to eat, go outside and cut the grass, water the lawn, or do anything that will move you out of the fear/panic mode.

Don’t return to your trading desk until you have managed to achieve some emotional control over your fear/panic reaction. If you can’t get a grip on your fear, then don’t come back that day.

Most likely you will find that even if you keep thinking about the miserable market conditions while you water the lawn, simply getting away from the keyboard and monitor is enough to make a difference. It removes the demand to take action and gives you the mental space to gain perspective and let go of your impulsive, fear-based reaction.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Trading Article:  Everybody gets what they want out of the market

This is one of the quotes about trading that stuck with me. I googled it and it's from Ed Seykota, I probably read it in one of the Market Wizards books, which I can highly recommend.

The exact quote is “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

Now this applies especially well to the retail world of traders. And it's one of the first things I tend to ask when coaching someone: "Why are you trading". Now of course the answer "to make money" is the one that comes back the most often. And to be honest it should be the #1 motivation, even though it helps tremendously if you enjoy trading and especially the process of research and development to gain an edge in the markets.

But what are you really in for? I know for sure that many traders out there are just trading out of fun. For whatever reason they're bored and need some excitement in their life. Or they're just gamblers who could also have ended up in Poker or sport bets. Then they'd get ripped by the professional poker players out there...

So really ask yourself why you're trading or why you want to get started. Do you really want to learn a new, complex and difficult business from  scratch? One where you're competing against some of the smartest and most competitive people in the world? You're ready to put in the time, nerves and money needed to get started the right way and keep on going even though the market shows you the finger again and again?

If so congratulations! So far I haven't found another profession that's as challenging and interesting day in and day out as trading. I love waking up and knowing what I'm up against. Knowing I might find a new little edge today in the markets. Going through my trading routine and enjoying the freedom trading provides. It's also one of the most scalable businesses out there and it has many other advantages...but to make it here as in any business you'll need to do some hard work that isn't always exciting.

Now if you're just in for the exciting ride, that's fine too! As Seykota said, "Everybody gets what they want out of the market". If you want a fun ride, you'll get it, again and again. Just put in some trades because "the market looks like it's going up", leverage up those positions and then watch every tick on the chart while keeping a close eye on your P&L. Sure you'll blow a few grand every now and then but that's simply the cost you pay for the ride. Just be honest to yourself and simply enjoy it! We're happy about you providing us liquidity just where we might need it ;)

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 746 - September 28, 2018

Marco Mayer's 30% Off Special Ends this Monday!
Ambush Trading Method eBook
Don't miss out, scroll down for more details!

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Basic Law of Charts 1

Crude Oil Inventories came out unexpectedly low one week. The weekly chart (Inset) shows Crude Oil in a trading range for several months, with prices at that time near the low of the range. The daily chart had produced #1 and #2 points of what may have turned out to be a 1-2-3 low formation. The #2 point was created when there was both a lower high and a lower low on the chart. According to the Law of Charts, what will it take for the #3 point to be in place? The answer is we would have to see a daily bar or combination of daily bars that make both a higher high and a higher low. Traders of Crude Oil would have been on alert. The 3 arrows point to classical chart analysis gaps: breakaway, runaway, and exhaustion, indicating the downward move would soon be over.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Talk to Yourself

Yesterday, Jack went over to his best friend Tom's house to look at his new Porsche Turbo. Jack has wanted a Porsche since he was a teenager but could never afford one. Four years ago he taught Tom how to trade. Tom's been doing great ever since. Each year he has made greater and greater profits, even during bear markets. Jack can't help but envy Tom's success, yet at the same time, he berates himself for failing to do as well. He thinks, "What am I doing wrong? I taught this guy how to trade. How can he be doing so much better than I am? It just isn't fair. I should just give up." Have you ever felt like Jack? You look at your friends and can't believe how much better they are doing. Soon, you're so upset that you can't face another trading day. You may make a solid $200 on a trade, but think, "I'll never reach my financial goals at this rate." When you are so consumed with envy that you're beating yourself up for failing to meet your performance standards, it's time to take action.

The reactions to certain events can seem to come out of nowhere. We can be happy and content one minute, and suddenly disappointed when faced with a setback. It can happen quickly, instantly without thinking. It's important to get back on track when this happens, however. Although it may seem that our emotions happen automatically, they don't. We quickly think things through, and it's our thoughts that lie behind our emotions. For example, when we are envious of what others have, and feel disappointed with our lives, it is all because we believe that we should succeed. We believe that we should be doing as well as others. We believe that it is our right to do well. We feel entitled and disappointed by life when we discover that we are not living up to our expectations. It's natural to feel this way. In today's culture, the virtues of ambition and success are touted with almost every commercial, every movie, and page after page of print ads. If you work hard, you deserve wealth, fame, and respect.

It would be nice if life always worked that way, but it doesn’t. In the trading realm especially, sometimes our hard work pays off, but many times it does not. When you feel envy, or disappointment, it's useful to pull out a list of sayings that changes your perspective and restores your enthusiasm and mental edge. What are some of these statements? Consider some of our favorites: "Run your own race. Don't let your net worth determine your self-worth. Focus on the process, not the prize." Say these and other positive affirmations out loud to yourself. We've written articles on each of these slogans. In summary, "run your own race," refers to the idea that comparisons to others are unproductive. Everyone has his or her own resources and talents. Some people start out ahead in ways that you are unaware of, so if they do better than you, there is no reason to think that you are doing poorly; they are merely doing better than you because they have more resources. You don't have to compete with others. All you have to do is run your own race.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

APA Trade

On 5th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Apache Corporation (APA). Price insurance could be sold as follows:

• On 6th September 2018, we sold to open APA Oct 19 2018 37.5P @ 0.29, with 43 days until expiration and our short strike about 15% below price action.
• On 14th September 2018, we bought to close APA Oct 19 2018 37.5P @ 0.10, after 8 days in the trade for quick premium compounding.

Profit: 19$ per option

Margin: 750$

Return on Margin annualized: 115.58%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  The Ideal Parameters for Successful Trading

• Your trading goals and objectives must be possible to complete. They cannot be too abstract or too high. It is best to just execute a trade rather than being overly concerned with profits or achieving unrealistic performance standards.
• You must be able to intensely concentrate on what you are doing. While trading, it's vital that you have a detailed trading plan and control risk so that you can focus on monitoring the trade. Do not allow interruptions or anything that takes away your focus.
• You must maintain control over any psychological conflicts you may have as well as keeping control over those things that cause you stress. Nothing can be allowed to interfere with your concentration.
• Your trading must have clear goals and immediate feedback. A detailed trading plan helps you keep the goals clear. Similarly, the proper signals specified beforehand allows for immediate feedback.
• You must strive for deep and effortless involvement. Work on becoming so deeply involved in your trading that the everyday worries of life tend to be cast aside.
• Maintain a decisive sense of control over all your actions.
• Become so focused on your trading that you are no longer self-conscious; there is no self-doubt or self-reproach. Just focus on your trading.
• Be so intent that time seems to just slip away. You want the hours to go by like minutes.
• To have the kind of focus and intensity I just described, plan on trading only in very short intervals. You are human, not a machine. A period of 45 minutes of intense focus has proven to be best for most traders. Take a break of at least 5 minutes before you go back to trading.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Use coupon code Ambush30
to receive 30% off Marco Mayer's eBook! 

Ambush Traders keep on profiting big time from stock market uncertainty!

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the Russell 2000 mini Future (RTY) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day!

Many of you might remember that back in July we talked about the uncertainty in the stock markets and how well that worked out for Ambush Traders. Since then about two months have passed and guess what, not too much changed! After the Russell 2000 tried to breakout of its trading range, it’s now back inside it and is trading at about the same price as it has been two months ago. At the same time Ambush keeps on hitting those market turning points that are driving other stock market traders crazy…

Here’s the result of all of the trades shown on the chart, trading one Russell 2000 mini (RTY) contract, including $10 commissions per trade:

Yes, that’s a profit of $4320 with a profit factor of 2.00!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? With Ambush you’re day trading without even having to be there during the day!

Use coupon code Ambush30
to receive 30% off Marco Mayer's eBook! 

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook. We currently have a special running for the eBook. You can get it 30% off, that’s over $500! Simply use the coupon-code "Ambush30" at the checkout.

Did you check out Ambush's Performance Page?  For over 10 years, Ambush Trading Method is one of the longest standing and exceptional trading system in markets like equity indices, currencies, bonds and commodities.

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 745 - September 21, 2018

Use coupon code Ambush30 to receive 30% off 
Marco Mayer's Ambush Trading Method eBook! 

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Hogs and Cattle

Four primary building blocks of Midwestern US agriculture are corn, soybeans, hogs, and cattle.  But as winter draws to a close, how do hogs and cattle interact? 

Because feed is both a primary and a variable cost of production, all livestock producers want to feed as many animals as possible when feed is most plentiful and therefore (usually) least expensive.  So, the number of cattle on feed reaches a seasonal peak during and immediately after corn harvest in October/November.  Similarly, even though hog production is now more concentrated in large commercial facilities that operate more steadily year round, those facilities tend to be as full as possible at harvest.

But hogs require less time to reach market weight.  So, slaughter weights soar in October and marketing traditionally peaks at the end of corn harvest.  Slaughter then begins a slow but steady six-month decline.  But with retail pork demand greatest in July/August, the industry accumulates inventory during that seasonal decline in numbers.  Steadily declining production and strong demand has tended to drive prices for summer hogs higher into April/May.  In fact, July Hogs typically close higher in the 3^rd week of April than on the last week of February.

In contrast, feeder cattle normally require four to five months after placement to reach market weight. Cattle placed in feedlots September-November will typically be ready for market January-April.  But cattle in outdoor feedlots tend to gain weight more slowly during the cold of winter.  That means slaughter more often remains moderate until early April — when it surges, only to peak in May/June.  With beef supplies large after June and retail beef consumption lower during the heat of summer, cattle prices can suffer into spring.  In fact, August cattle usually close lower at the end of  March than at the end of February.

The net effect has been for summer-delivery hogs to outperform summer-delivery cattle in late winter and into spring.  For example, the Long August Hogs/Short August Cattle spread has closed more favorably toward hogs in the 3^rd week of April than on the last week of February more than 80% of the time. So, this is a high percentage winning trade.

The normal tendency for this spread has been to modestly favor hogs over cattle from December through January before leveling off for a few weeks in preparation for another surge in favor of hogs.

In fact, as I write this on February 7, the move may already be happening.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Easy Trading

Throughout the day you make everyday decisions that mean little to you. You drive your kids to school and along the way, you make a host of decisions about which route to take, where to turn, or when to stop off for gas. Each decision is made with little thought. Later in the day, you may decide to stop off at the supermarket. You decide what to buy for dinner and how much you will spend. Do you obsess over these everyday decisions? You probably don't. Why should you? What's the big deal? The implications of the decisions are almost nil. But tell that to someone with obsessive-compulsive disorder. They have a different perspective regarding the significance of such decisions. Even minor insignificant everyday decisions are a big deal to individuals with such an ailment. Aren't you glad that you don't have obsessive compulsive disorder? If you are a novice trader that has trouble making trading decisions a seasoned trader may think you have a kind of obsessive compulsive disposition.

Traders can often take the decisions they make during the trading day too seriously. It's natural. When your money is on the line, you can't help but worry about losing it, and you want to protect it, even if it means obsessing over minor details or reacting with extreme emotions. Some people even personify the markets by viewing a trading decision with the same emotional intensity as they do with their interpersonal relationships. In "Trading in the Zone," for example, Mark Douglas points out that traders often equate losses in the markets with their parents punishing them for breaking rules. When the markets are viewed in this way, losses take on a great personal significance. But it doesn't help to make such a big deal of things.

It's much better to take a more detached, objective approach. How can you do it? First, don't think about, or obsess about, the outcome of a single trade. Think of the bigger picture. You may lose on a single trade, but across a series of trades you will come out ahead, if you have a trading strategy that has a high probability of success. Successful traders plan on executing many trades, rather than just a few key significant ones. As they trade, they know that not all trades need to be winners in order to increase the equity in their accounts. It's your success overall that counts. Keeping this fact in mind takes some of the pressure off. Second, it is vital to use proper risk management. Successful traders risk only a small percentage of their trading capital on a single trade. Limiting the risk on a single trade further relieves some of the pressure to feel that every trade needs to be a winner, and thus, some of the personal significance is reduced.

There's no need to treat each a trade with great personal significance. By limiting the amount of capital you risk on a trade, the actual consequences of the trade are limited, so what's there to worry about? You might as well trade free and easy.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

CF Trade

On 30th March 2017, we gave our Instant Income Guaranteed subscribers a trade for CF (CF Industries Holdings Inc.), which was showing accumulation on a pullback on the weekly chart.

We entered a "complex position", entered for a net credit (still working with Others People Money (OPM), i.e. other people's money, as usual), but with unlimited upside potential.

• On 30th and 31st March 2017, we entered the trade for an average credit of 6.275$ (or 18.825 for 3 positions)

• On 2nd November 2017, we closed one third of our long position

• On 5th January 2018, we bought to close all our short position

• On 2nd August 2018, we closed the second third ofour long position

• On 11th September 2018, we closed the last third of our long position

Profit: 4353$

Margin: 2148$

Average Short Strike: 107.37$

Return on Margin annualized: 139.55%

Return on Principle annualized: 27.91%

We stayed 530 days in the trade, but the annualized returns were on the high side and all we had to do was to maximize our profits along the way, by being patient.

This was a low maintenance, low stress trade with lots of upside potential.

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  Being Flexible

By being flexible I mean that over time, your trading philosophy will undergo changes. These changes are brought about because of external events (economic considerations, natural disasters, political events, etc.), and because of internal events, usually my own mistakes.

My views change as economic, political, and technological changes occur both on and now off our planet. My views change as I see the market change. It is imperative that I be willing to change my thoughts and actions to meet new conditions. So, I am always looking to adapt my trading to the market conditions. Example: In recent years, markets failed to trend as long and as far as they used to. These days, primarily because of computerized trading, markets tend to swing between perceived over and under valuation. If I hadn’t adapted to this reality, I would long ago have lost my money and probably would no longer be trading.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush Traders keep on profiting big time from stock market uncertainty!

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the Russell 2000 mini Future (RTY) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day!

Many of you might remember that back in July we talked about the uncertainty in the stock markets and how well that worked out for Ambush Traders. Since then about two months have passed and guess what, not too much changed! After the Russell 2000 tried to breakout of its trading range, it’s now back inside it and is trading at about the same price as it has been two months ago. At the same time Ambush keeps on hitting those market turning points that are driving other stock market traders crazy…

Here’s the result of all of the trades shown on the chart, trading one Russell 2000 mini (RTY) contract, including $10 commissions per trade:

Yes, that’s a profit of $4320 with a profit factor of 2.00!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook. We currently have a special running for the eBook. You can get it 30% off, that’s over $500! Simply use the coupon-code "Ambush30" at the checkout.

Did you check out Ambush's Performance Page?  For over 10 years, Ambush Trading Method is one of the longest standing and exceptional trading system in markets like equity indices, currencies, bonds and commodities.

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 744 - September 14, 2018

Scroll down to check out Marco Mayer's latest update! 
A profit of $4,320 with a profit factor of 2.00!

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  I Love Currency Spreads

Hey Joe! I live in Australia, but I need to hedge against a rising yen. I’ve been long A$ futures since mid-2016 and recently, the A$ has dropped quite a bit. What do you think?

I try to not have an opinion in situations like these. Thinking results in your opinion, which is too often not correct. Some trading decisions are easier based upon trading what you see on a longer term chart.

It was from June 30 of 2016 until recently that the Australian dollar (A$) has trended upwards against the Japanese yen.

However, in February 2018, both markets began to drop against the US dollar on the daily price chart.

Looking at the monthly chart you see that the A$ began building a base in late June, 2016 and the spread line broke out of that base in December, 2016. The A$ trended upward against the yen for much of the following months.

But in February, 2018, had you looked only at the daily chart of the A$ you might have thought the A$ is going down against the yen. No, it was going down against the dollar.

Looking at the spread between the two on the monthly charts, you would have seen that the trend in the spread had not really changed. As of the date this was written, the spread hadn’t even reached the trend line. There have been ample opportunities to enter long AUD/JPY in Forex, or as a currency spread in the futures markets.

Charts, unlike indicators, never lie. The Law of Charts teaches us to trade what we see. Long-term charts, even long-term spread charts can be used to help us to trade what we see, along with being aware of what is taking place in the world around us.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Are You Worried?

After reading the financial page on Wednesday night, Jim thought, "How could anyone invest in the markets and get a sound night's sleep?" After you saw the major indexes drop on Wednesday, you might have thought the same thing. But as a seasoned investor or trader, you realize that such corrections are commonplace and you've learned to take them in stride. You don't worry about it and know that in the long run, you'll come out ahead. Not everyone is so lucky, however. Some people just can't stop worrying. They look at their portfolio every day, and can't stand to see it lose value, even if it is miniscule and just for a day. They toss and turn all night. Sometimes they even close out positions because they just can't calm down while their money is in play. Unfortunately, some investors worry so much that they just cannot trade efficiently. Other nervous investors just give up. Do you ever get too stressed out while trading? If you are an extreme worrier, perhaps you want to learn to day trade, or just the opposite, learn to trade long term. There are advantages to long-term trading.

Most investors are anxious because they look at the performance of the markets every day and worry about how the natural, transitory ebb and flow of markets may spell doom. By emphasizing the long term nature of trading a worried trader can calm down. Such traders can more easily tell themselves, "Who cares how my positions are doing today? In the long run, over a few weeks or months, I'll come out ahead." That said, some investors are so prone to worry that they cannot relax. They are always thinking of the worst case scenario. In the back of their mind, they truly believe, "I'm going to lose all my money." That's were a stop-loss system can help matters. By using a protective stop set to keep a loss at a reasonable minimum, you'll be able to closely look at the worst-case scenario, realize that the potential loss is minimized, and learn to accept it.

There are other helpful ways to stop worrying. First, you should write down your profit objectives for each trade and keep them nearby. By focusing on your plan, you will be able to stay on target, and when you see how well you are progressing toward you goal, you will feel better. Second, cut back on how often you look at your trades, read the financial section of the newspaper, or watch television coverage of the markets. Looking at how well the markets are doing is merely going to make you worry about how well your trades are doing. If you avoid looking, you'll feel better.

If you are a worrier, trading can be something to fear rather than an activity to enjoy. The more you worry, the higher your potential for losses. By taking precautions, you can stop worrying, relax, and take home the profits.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

THO Trade

On 12th Jul 2018 we gave our Instant Income Guaranteed subscribers the following trade on Thor Industries Inc. (THO). Price insurance could be sold as follows:

• On 13th Jul 2018, we sold to open THO Aug 17  2018 85P @ 0.70 , with 34 days until expiration and our short strike about 15% below price action.
• On 3rd Aug 2018, we bought to close THO Aug 17 2018 85P @ 0.30, after 18 days in the trade .

The underlying stock does not need to go straight up right away for us to profit from price insurance selling.

Profit: 40$ per option

Margin: 1700$

Return on Margin annualized: 47.71%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Idea

This week, we're looking at HEN19 – HEM19: long July 2019 and short June 2019 Lean Hogs (CME at Globex).

Today we consider a Lean Hogs calendar spread: long July 2019 and short June 2019 Lean Hogs (CME at Globex). This spread has been trading sideways for several weeks in a range between approx. 0.000 and -.500. There is still some time left until the optimized seasonal entry on 09/21 with a possible pull-back to the -.500 level. If not filled, look for a different entry around the 21^st of September. Please Note: the exchange traded spread is Lean Hogs June – July and therefore reverse to the one above (the exchange traded spread has to be sold)! Please adjust the entry levels according!

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush Traders keep on profiting big time from stock market uncertainty!

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the Russell 2000 mini Future (RTY) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day!

Many of you might remember that back in July we talked about the uncertainty in the stock markets and how well that worked out for Ambush Traders. Since then about two months have passed and guess what, not too much changed! After the Russell 2000 tried to breakout of its trading range, it’s now back inside it and is trading at about the same price as it has been two months ago. At the same time Ambush keeps on hitting those market turning points that are driving other stock market traders crazy…

Here’s the result of all of the trades shown on the chart, trading one Russell 2000 mini (RTY) contract, including $10 commissions per trade:

Yes, that’s a profit of $4320 with a profit factor of 2.00!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook. We currently have a special running for the eBook. You can get it 30% off, that’s over $500! Simply use the coupon-code "Ambush30" at the checkout.

Did you check out Ambush's Performance Page?  For over 10 years, Ambush Trading Method is one of the longest standing and exceptional trading system in markets like equity indices, currencies, bonds and commodities.

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 743 - September 7, 2018

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Lesson from the Past

"A chart is a chart, is a chart." If I kept count, I would guess this is the ten thousandth time I have spoken or written those words.

The chart I am showing you today presents a comparison between euro fx (the euro as traded in the futures market) and EUR/USD (the euro as traded in the forex markets). Notice the plural, "markets." There is no set single price for the euro among all of the banks that trade it. This is one of the differences between futures and forex. It is called transparency. In futures everyone sees the same price at the same time, give or take a millisecond. In forex, you see the price at the bank or banks where your broker places your order. Some brokers have a single-bank feed, and some have a blended feed. In any event, what you see is what you get, and it is what you have to trade. "Trade what you see" has been my motto for all of my trading life. After all, what else is there?

I have captured 3 screens simultaneously, so that you can see what I mean by a chart being a chart, and at the same time show you that there is no real transparency in forex prices.

The screen at the top is euro fx in the futures. The next screen down represents EUR/USD as presented by the GTIS data feed. Notice the price, 1.5003. The bottom inset screen is EUR/USD as presented by the FXCM data feed. There we see the price as 1.50024. To get an idea of what the price is on the GTIS data feed, we will have to add a digit. I will make a guess at 1.50030, but that is only a guess. For all I know, it could be 1.50039, or 1.50034, or something else.

So a trader using the GTIS data feed is seeing a different price from that of the trader viewing the FXCM data feed, whereas everyone viewing the futures chart sees 1.50010, no matter where on Earth they happen to be.

If you look closely at the charts, you will see that they look like triplets. There is very little difference in the way they look.

Both forex and futures represent a ratio spread, i.e., the euro divided by the dollar. At the time these charts were created – it took approximately 1.5 U.S. dollars to buy one euro. That made it expensive for U.S. citizens to travel to Europe, but easy for Europeans to travel to the U.S.

Here is another difference. Let's say I wanted to be long the yen and short the euro. Using forex, I would simply sell EUR/JPY – a ratio spread.

However, if I wanted to do that in the futures, I would have to buy the yen futures and sell the euro futures – two separate trades. Since all of the futures are denominated in U.S. dollars, the price I would see for the spread would be in dollars – a fixed value in terms of dollars, or $12.50/tick (the minimum fluctuation that prices can move). However, in forex the minimum fluctuation prices can move is called a pip, and the value of a pip can vary. Unlike a futures tick, a pip is not fixed in dollars.

There is one other item I will point out. When I chart the spread long yen, short euro, I can subtract the euro from the yen and see a differential spread, or I can divide the yen by the euro and see a ratio spread. So I can view the spread either way I choose, while still being long yen and short euro. The ratio spread yen/euro would approximate the spread EUR/JPY. The differential spread yen-eur would give me a different, but similar looking view.

All of the charts below are 60-minute. Have fun:

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Stay Calm

Charles is on edge. He isn't extremely uptight but he isn't completely calm either. He is just a little fidgety and it's getting to him. He is having a little trouble concentrating. He's reading charts incorrectly and he is having trouble outlining a trading plan. He can't figure out where to place his stops, where to enter or where to exit. Can you relate to Charles’ plight? There are times when you just can't calm down. Your physiology is elevated and you are restless and on edge. It's natural and understandable, though. When your money is on the line and you are fighting for your livelihood, you can't help but feel a little uneasy. There's a lot you can do to calm down in the midst of a storm of chaos.

Sometimes we get flustered and upset without our conscious awareness. It seems to have come out of the blue. There was probably something that started it, however. Maybe we remembered a set of past losing trades earlier in the day, or saw a media report on a stock we traded last year and lost. However, it happens, we end up on edge. How it happens may not matter in the end. All you know is that your physiology is elevated and you are ready to overreact to even a minor setback. What do you do at this point? You don't have to mull over the reasons why you are agitated. You can take decisive action to calm down.

Your mind and body are closely linked. When your body is energized, you look at your physiology and try to interpret it. Sometimes you feel hyped up, and rather than interpret your physiology as excitement, you may label it as fear, uncertainty and anxiety. The way you think about dictates how you feel about your physiology. If you feel fearful, it is because you are looking at your physiology and thinking that something bad is going to happen and you are not sure what you will do. To change your physiology, you have to change your thinking. When you are worked up, you can use it to your advantage. Rather than feel in a state of panic, you can reinterpret your high agitated energy level as excitement and start feeling enthusiastic about what you might want to do next as a trader. It may also be useful to cultivate a carefree attitude. You might think, "It doesn't matter what happens. I'm going to just do my best and pat myself on the back for whatever I accomplish.

It's easy to get a little uptight while trading, but it's all a matter of perspective. If you feel on edge, tell yourself encouraging thoughts to turn things around. By cultivating a winning attitude, you can feel calm during the storm and take home huge profits.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Example:  Instant Income Guaranteed

ATVI Trade

On 22nd Aug 2018 we gave our Instant Income Guaranteed subscribers the following trade on Activision Blizzard Inc. (ATVI). Price insurance could be sold as follows:

• On 23rd Aug 2018, we sold to open ATVI Oct 19  2018 62.5P @ 0.55 , with 56 days until expiration and our short strike about 13% below price action.
• On 29th Aug 2018, we bought to close ATVI Oct 19 2018 62.5P @ 0.23, after 6 days in the trade for quick premium compounding.

JBL went mostly sideways after our entry but we could still exit the trade fairly quickly thanks to time decay.

Profit: 32$ per option

Margin: 1250$

Return on Margin annualized: 155.73%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  Sometimes Others Get to Play and You Don’t

Sometimes in softball games, as a kid, they handed out the bats, balls and gloves, and there weren't enough to go around – so you had to sit it out. You had to sit on the bench and watch.

The same thing happens in trading. Sometimes you don't get to participate.

You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at all will happen. Others will have all the fun. There won't be enough bats and balls to go around. You will simply be warming the bench – watching.

In trading, you must be comfortable with this – welcome it. Make peace with this idea. Cross your arms and sit back. Wait for YOUR trades and setups, and don't get irritated by other traders. You cannot be in every trade. If you don't get your entry signal, there is nothing to feel sorry about if you miss a profitable trade. Sometimes it is just not your trade; others get to play and you do not!

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Ambush hits new all-time equity highs in 2018!

Did you check out Ambush's latest trade example and Performance Page?

Ambush Trading Method is one of the longest standing and exceptional trading system, for over 10 years!  Marco Mayer personally reviews his system annually to adapt it to the ever changing market conditions and his most recent change was in July of 2015.  The chart shows that Ambush kept on performing as expected since live trading started. Those of you who have tried and followed other trading systems, know how rare it is in the real world. Most systems (and traders) just implode once they “go live“. Not Ambush, it proves itself in a huge variety of markets like equity indices, currencies, bonds and commodities.

What happens when a trading system actually keeps doing well in the markets over many years after it’s "live" while almost all other systems fail?  That's right, it becomes more valuable. Don't risk paying a higher premium for a trading system that proves itself going forward.

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

In 2019, my eBook may exceed $2,000.  Did I read that right?  Yes, you did!  Take advantage of this savings to avoid paying a higher premium down the road.  Purchase the Ambush eBook for 30% off, that’s a savings over $500 and gives you the opportunity to save money at the 2018 low, low price!

Use Coupon Code, Ambush30, during checkout to recieve 30% off my eBook!

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 742 - August 31, 2018

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Fibonacci Fallacy

For years I have been laughing about the Fibonacci ratios. Guess what? I'm still laughing. (I know I will make some enemies with this article.)

They are so predictable that you have to wonder why anyone wants to bother with them. But there are traders who care a lot about them, and they make a ton of money by trading them. Would you care to guess who that might be? [hint] It's not your average Fibonacci trader.

It is the market movers who make money from so-called Fib Nodes and the areas called "confluence." What a joke! But it is a sad joke for those unwary traders who are suckered into studying about the Fibonacci ratios.

Last Friday, I was working with a tutoring student, watching crude oil. There were some nasty economic reports and crude reacted violently, as did a number of markets.

Prices more or less raced to a double bottom as you see on the chart. I said: "Watch prices retrace to the 50% mark and then, when the Fib traders go short, watch the market movers take them to the cleaners.

Prices dropped from 69.96 (3-minute chart) to the double low 68.32. A 50% retracement would take prices to 69.14 (69.96+68.32)/2.

Prices moved up from the double bottom to 69.14, and quickly ticked 2 ticks above a 50% retracement of the down-leg. You can see that in the first chart below. I can just imagine the Fib traders who were filled at 69.16 thinking they were filled two ticks better than they ought to be. Oh happy day, what luck!

Then, take a look at what happened once the Fib traders were suckered into the market.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Self-Sabotage

Every time Dino gets ahead as a trader, he sabotages his efforts. It comes about in many ways. He may feel guilty for getting ahead, and so distraught over his success that he doesn't pay attention to market conditions. This leads to a few bad trades, wiping out a month's worth of profits in a day. Other times he may seemingly forget to stick with his trading plan, which results in a significant setback. Then there are those times when he gets so ambitious that he abandons risk limits and strives for a return on his trades that is impossible to realize. He ends up mounting huge losses. He can't figure out why he would allow such mistakes to happen. He knows better but seems powerless to prevent his unconscious need toward self-sabotage to get the better of him.

Not everybody has a need to sabotage his or her efforts. Some people feel they deserve success, work assiduously to achieve success, and relish every victory. But other people let deep-seated, unresolved conflicts sabotage their best efforts. In her book, "Self-Sabotage: How to Stop It and Soar to Success," Martha Baldwin outlines the profile of a self-saboteur. Do you fit the profile?

According to Baldwin, a self-saboteur is motivated by fear, sorrow, hurt, isolation, abandonment, and anger, which often arise from the belief that it is vital to please others at the expense of one's own personal needs. The message the self-saboteur heard as a child and still lives by as an adult is, "Don't be who you are." The self-saboteur is afraid of fighting against his or her parents' wishes that were to completely satisfy their needs at the expense of his or her own. The mission of the self-saboteur is to thwart all efforts at success and independence. By staying inept and dependent, the self-saboteur will never threaten his or her parents and remain an innocuous, non-threatening do-nothing. Parental messages remain with the self-saboteur throughout his or her life. Self-saboteurs allow a part of themselves to criticize them. A cynical, fearful voice takes over, especially during stressful times. Rather than spurning the person to take action and make things happen, the voice tells them, “You’re no good, you can’t do this. You’ll never be successful at anything.”

Trading is a tough business. You don't need to sabotage your efforts; the markets will do that for you. If you let your hidden motives for self-sabotage take over during critical moments of trading, you are bound to make trading errors. Don't let self-sabotaging tendencies get the better of you. Be aware of your tendencies to give yourself pessimistic messages. Deep down, you may think, "I can't really be a success, so I might as well not try." There are many ways to avoid trying your best. You can neglect disciplined action, such as failing to make and follow a trading plan, or forgetting to monitor a trade and failing to see that the market has moved against you. Even apparently active efforts to win can be manifestations of self-sabotage. For example, you may decide to make a covert plan to fail. You may think, "I'll raise my standards and trade on a larger scale." On the surface, this looks like a strong drive to succeed, and it may reflect ambition, but only if you have the skills to make it become reality.

Don't sabotage your efforts. Acknowledge your tendency to thwart your efforts, especially when you feel stressed out. The best antidote to self-sabotage is to set realistic goals. When you set realistic goals, you will accomplish them and feel good about what you have done. And with these feelings of accomplishment will come an optimistic view of the future. There's no reason to get a swelled head or to trade impulsively. If you set specific, realistic goals, you will trade like a winner and quell the self-saboteur that lurks deep in your psyche.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Example:  Instant Income Guaranteed

JBL Trade

On 13th Jul 2018 we gave our Instant Income Guaranteed subscribers the following trade on Jabil Circuit Inc. (JBL). Price insurance could be sold as follows:

• On 23rd Jul 2018, on a GTC order, we sold to open JBL Aug 31  2018 26P @ 0.20 , with 45 days until expiration and our short strike about 9% below price action.
• On 9th Aug 2018, we bought to close JBL Aug 31 2018 26P @ 0.05, after 17 days in the trade.

JBL went mostly sideways after our entry but we could still exit the trade fairly quickly thanks to time decay.

Profit: 15$ per option

Margin: 520$

Return on Margin annualized: 61.93%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

Learn More!
Instant Income Guaranteed

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Enhancement – Mediation

As a professional trader, I try to enhance my trading on a daily basis. Learning how to trade is an ongoing process - a process that never stops. Those who know me or who have traded with me know that I am always looking for a simple and straightforward approach to trading. Yes, of course I am testing indicators, new chart patterns, new charting techniques, and anything else that is showing up on my desktop. But I have noticed that the main issue in trading is still “me”. The psychological aspect of trading is usually underestimated, especially by new traders.

During the next couple of weeks, I will present some ways of how I enhanced my own trading. Maybe you will like some or all of these ideas, and feel free to use them for yourself.

Meditation

Richard Wyckhoff wrote in his book Studies in Tape Reading: The tape reader evolves himself into an automaton which takes note of a situation, weighs it, decides upon a course, and gives an order. There is no quickening of the pulse, no nervousness, no hopes, no fears. The result produces neither elation nor depression. There is equanimity before, during, and after the trade.

It is crucial for a trader to be in a healthy state of mind during the trading session. I can tell you, it is not easy to stay at this high performance level all the time, especially after a few losing trades in a row. Meditation can help, and every trader should consider a meditation session on a daily basis. I am not talking about any religious meditation - I am talking about straightforward meditation to calm the mind.

Give it a try, and you will be surprised about how positively it will affect your trading!

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

Check out Ambush's latest trade example and Performance Page!

Ambush hits new all-time equity highs in 2018!

Ambush Trading Method is one of the longest standing and exceptional trading system, for over 10 years!  Marco Mayer personally reviews his system annually to adapt it to the ever changing market conditions and his most recent change was in July of 2015.  The chart shows that Ambush kept on performing as expected since live trading started. Those of you who have tried and followed other trading systems, know how rare it is in the real world. Most systems (and traders) just implode once they “go live“. Not Ambush, it proves itself in a huge variety of markets like equity indices, currencies, bonds and commodities.

What happens when a trading system actually keeps doing well in the markets over many years after it’s "live" while almost all other systems fail?  That's right, it becomes more valuable. Don't risk paying a higher premium for a trading system that proves itself going forward.

In 2019, my eBook may exceed $2,000.  Did I read that right?  Yes, you did!  Take advantage of this savings to avoid paying a higher premium down the road.  Purchase the Ambush eBook for 30% off, that’s a savings over $500 and gives you the opportunity to save money at the 2018 low, low price!

Use Coupon Code, Ambush30, during checkout to recieve 30% off my eBook!

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Edition 741 - August 24, 2018

by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com

Several traders reached out asking to extend this sale past the summer, so we listened!

Until the end of September, use coupon code Ambush30 during checkout to receive 30% off Marco Mayer's eBook! 

Check out Ambush's latest trade example and Performance Page!

Ambush hits new all-time equity highs in 2018!

Ambush Trading Method is one of the longest standing and exceptional trading system, for over 10 years!  Marco Mayer personally reviews his system annually to adapt it to the ever changing market conditions and his most recent change was in July of 2015.  The chart shows that Ambush kept on performing as expected since live trading started. Those of you who have tried and followed other trading systems, know how rare it is in the real world. Most systems (and traders) just implode once they “go live“. Not Ambush, it proves itself in a huge variety of markets like equity indices, currencies, bonds and commodities.

What happens when a trading system actually keeps doing well in the markets over many years after it’s "live" while almost all other systems fail?  That's right, it becomes more valuable. Don't risk paying a higher premium for a trading system that proves itself going forward.

In 2019, my eBook may exceed $2,000.  Did I read that right?  Yes, you did!  Take advantage of this savings to avoid paying a higher premium down the road.  Purchase the Ambush eBook for 30% off, that’s a savings over $500 and gives you the opportunity to save money at the 2018 low, low price!

Use Coupon Code, Ambush30, during checkout to recieve 30% off my eBook!

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires Septmeber 30th.

© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Series Probability

So, you had a winning day. What now?

I am so happy that at age 14, when I made the very first trade of my life, I lost! I lost my whole $60 — wow did that ever hurt. Along with it went some of my self-image, but the pain made me think, and put a caution into me that has never left, although I still regularly goof. I have a physical and medical excuse, but I never excuse myself and determine to do better.

But what about the times you win? What do you do with the euphoria that comes with a win? How do you handle that?

I can tell you for certain, winning is the most dangerous time in a trader's life. When you win, you are just as apt to make stupid changes as you are when you lose.

When you have a couple of losses in a row, you begin casting around for what you can change to take away the pain. I know. I’ve done it.  But when you win is when you have a great tendency to throw caution to the wind. You feel like “king of the mountain,” and when that happens, a tiny but deadly gland that medical science has never discovered kicks in. 

I call it the greed gland, and it secretes a substance that has a profound effect on human behavior.

The glandular secretion causes you to want more — greed. Greed can never get enough, so you increase your position size. You become more daring, and you overtrade — too big and too often.

However, this strange glandular secretion affects some other things in your human nature.  One of them is pride. Yes, when the greed gland kicks in, so does the pride hormone. And in much the same way that a proud peacock puffs up his tail feathers, you, too, become puffed up. You become vain, and you think:

A saving grace in trading is learning to take advantage of series probability, which allow for you to enjoy a series of wins, provided you have an edge.

Prior to 1984, not all software had OHLC charts. Some still showed only the high, low, and close, and ignored the open.

A series can occur in just about anything that is measurable. For example, you can find series on charts that are comprised of nothing more than values produced by a random number generator.

The high-low-close chart above is a chart of random coin flips, proving that even randomly flipping a coin can have a series of wins or a series of losses. It is also convincing evidence of why you cannot afford to be cocky, because the series of wins was soon offset by a huge series of losses. :-)

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Dream Trade

When trading the markets, it's vital to stay grounded in reality. You can't get caught up in dreams. For instance, it may sound "easy" to people outside the profession to make money by trading Google, but there are a couple of real obstacles to taking home huge profits. First, risk should always be considered when making a trade, and while trying to manage risk, some traders would not want to take a certain trade. For example, 100 shares at $270 would cost $27,000. If you followed the guideline of risking only a small amount of capital on a single trade, such as 1-3%, you might want to stand aside on such a trade. The volatility may be too great and create too much risk, unless you have a large account. Other traders see diversification as essential for proper risk management. So even if the trade made a great deal of profit, in all likelihood, other trades in a portfolio may have lost money, creating less of a profit across a series of trades.

Getting caught up thinking about dream trades can be upsetting. At first you may realize that you are engaging in harmless fantasy, but at some point you may start believing that it's possible to make some of these dream trades. The mind has a way of thinking that fantasy is reality, but just because your mind can think the impossible can happen does not mean that dreams can become reality. It's better to realize that winning streaks go in cycles. You may run hot at times, but cold at other times. Occasionally, you may hit upon a big trade that makes up for months of losses, but you should not count on it.

It may be fun to dream of what might have been. If only we had a time machine to go back and make those trades that turned out to be huge winners, or a crystal ball to predict the next big trade, but in reality, trading is about working hard, making a series of trades, and patiently waiting for the profits to roll in. Profits don't always roll in when you expect them, but if you work diligently, they do roll in.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Example:  Instant Income Guaranteed

MRVL Trade

On 6th Jul 2018 we gave our Instant Income Guaranteed subscribers the following trade on Marvell Technology Group (MRVL). Price insurance could be sold as follows:

• On 17th Jul 2018, on a GTC order, we sold to open MRVL Aug 17  2018 19P @ 0.15 , with 30 days until expiration and our short strike about 12% below price action.
• On 6th Aug 2018, we bought to close MRVL Aug 17 2018 19P @ 0.05, after 20 days in the trade.

MRVL went mostly sideways after our entry but we could still exit the trade fairly quickly thanks to time decay.

Profit: 10$ per option

Margin: 380$

Return on Margin annualized: 48.03%

Philippe

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© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Example:  A True Passion for Trading

I believe that to be a truly successful trader you have to have a true passion for trading. This is probably true for any field of endeavor. I believe that the people who do best are not primarily motivated by fame, glory, respect, or status. They are driven by the pure love of the what they do. Winning traders, similarly, have strong interests in the markets, and this passion is the driving force that puts them at the top, year after year.

However, many wannabe traders come to the markets having deep-seated psychological problems and needs. For example: Needing money is not a good reason to take up trading. All too many novice traders show up at our doorstep having lost a job and wondering how they will be able to make a living. Many traders show up here with major ego problems making them overconfident, or just the opposite, with very little self-confidence, which causes them to fail.

Trading from a motive of “I have to make it as a trader” often leads to disastrous consequences.

When you have a true passion for trading, you will not stop trying until you finally succeed. You have to really love it. If you do, you will find ways to persist until you are on top.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

 Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2018 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.