Posts Tagged ‘e-mini’

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Day three of sample training & Posting steady profits

Thursday, February 12th, 2009

Today is day three of my small training video series started on Monday this week.

There are nine parts to this in total and I will continue to post them until finished. The idea is to give you some insight into how a person can take money out of the market each day. I have not had any problem posting positive results every day I am trading the S&P 500 E-Mini futures. It is possible for you to do this as well.

If anyone is interested in learning more and wants to be mentored through this process all you need to do is send me an email message and I will be ready to show you more closely how this process can work for you. I now have more time to devoted to this process and will be able to respond to your emails more timely. My plan is to continue posting my results as well as my screen shots of my trades to show you that it can be done. In addition, with time you will see that the trade timing is consistent and duplicatable. There is no substitute for understanding price action and how to maneuver through those waters, but with my semi-custom timing indicator, it is a nice tool to help ensure that you are on the right side of the trade as seen in my videos and postings.

Anyone interested in seeing me trade live, send me an email and I will patch you into my trading screen. It only takes a couple of minutes. If you want to hear me as well, I can connect you into my room through SKYPE. You can download that program through my website to listen and if you want to talk and ask questions in between trades you will need a headset. A microphone can be bought at Walmart or similar store for about $15. The relay of information from my computor to yours is in real time, no delay. I try and get the calls out with enough time for you to place your orders.  I am usually only trading for a few points with my partners to reach a daily goal of 2 to 3 points for them. Sometimes I come back and trade a little more myself  but it just depends.

In today’s market action, it was good to see the market hold but it is a little scary as it flirts with the current support off the bottom end of the range. The market sentiment numbers have come out as of yesterday and I will update them as I am able to get the information in tomorrow’s post.

My day trading today went quick lasting only 15 minutes before I picked up my daily goal. I have it posted below, but as I remember it was +3 ticks, +3 ticks, +3 ticks and +2 ticks, for a total of 2 & 3/4 points. Take a look as I have a screen shot of my trades below. I have not been trading that much lately, but that is ok. I will be increasing my contract size in the next day or two, so my profit will start going up while I still only need to trade for 2-3 points.

I wish everyone the best.  Vince

http://www.screencast.com/t/gKGSolGl                  Part 3 of sample training video

http://www.screencast.com/t/jPWhWDmn             Today’s equity chart

http://www.screencast.com/t/Y0qFdpVy               Screen Shot of Today’s trades

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Day two / Sample Training

Tuesday, February 10th, 2009

Today is day two of a small sample training video I have put together.

Take advantage of the training and see how and why I do what I do. It is pretty straight forward and fairly easy to follow. It is only a small sample of what you could learn here. Trading is about support and resistance combined with probabilities and pattern recognition. You need to learn how to read the charts, naked. By that I mean price action alone should be enough in and of itself to make your buy and sell decisions. My method will work in any time frame like I have said previously. It can be applied to daily stock charts as well as commodities, forex currencies and for sure the S&P 500 E-Mini’s. It takes time to be able to understand so many other factors, but having a basic understanding of where price break entries are at, is the first key. Knowing where is your lowest risk point in any trade and knowing exactly where you are going to get out is imperative. I never put a trade on without having a stop in place at the same time. At times I trade without a target, but never without a stop. Having the right timing is what will make or break you. This all goes with knowing how to trade, understanding pivot points, price rejection, chart formations, breakouts, retracements and how to play each of them, will take time, but the rewards can be beyond your dreams for the dedicated.

It was a big day on the street today. The market did not like what the treasury secretary had to say about the financial mess. One thing I heard was, that there was not many specifics, what can you expect, looks like I see a pattern here. You could trade off of that pattern and that is what the street did today and decided to sell, sell and sell some more, minus 4 to 5 % for the market. It took us down to bounce off of the lower end of the range ,(purple support line I have drawn and spoke of before). I might add, if we break down from here, it could be lights out. That line has been hit about 7 or 8 times now. There is going to be a lot of sellers on the other side of that, I can assure you of that. Lets all hope it holds, for everyone sake.  I think sooner or later, it is going to break and we are going to go down several thousand more points on the Dow, but I hope it is not now. It is just a loose opinion that I have and not one that I hold onto tightly. The weekly chart tried to go positive this week, but was meet with what I call price rejection. Trend is still in tack for now, but tomorrow is going to be key, it needs to hold.

Today’s trading was fairly quick, about 20 minutes to reach my daily goal and that was good enough for me. Trades posted below. Have a great day!   Vince

http://www.screencast.com/t/TfnwXw0zEsU           Today’s equity chart

http://www.screencast.com/t/nvcf6ZTr                      Todays Trades

http://www.screencast.com/t/i2ZoV6Wk                   Sample  Training day #2

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Training series / First in a nine part series

Monday, February 9th, 2009

Hello, this post is for Monday, February 9 th, 2009 and today I will begin a 9 part sample training series on how to trade the S&P 500 E-Mini Futures for daily profit.

I know some of you missed Saturday’s training with conflicting schedules, but I have decided to give out some of my material to the readers of this blog. The information is, I feel, very valuable to the person who is trying to find a method that has the ability to take money out of the market every day.

All traders are different, in that you may find a group of traders who all use the same method, but they all use different entries and get different results. That being said, you can train yourself to react in a consistent fashion when you have repeatable patterns presented to you. The main idea is to walk away with a modest profit and do it again the next day and so on. It is a very attainable goal if you know what to do.

The first thing anyone who aspires to become a successful day trader is you need to know how to trade. That may sound a little simplistic, but you would be surprised at how many people do not trade with a plan but by the seat of their pants. I don’t mean to offend anyone out there who is able to trade this way, but whatever feels good or looks good usually does not produce consistent results.

There are so few people who are able to be successful at this. In a way, I guess that’s good because the returns would not be as large as they can be for some. For the person who makes a million dollars a year, the odds drop way down. One of the reasons for that is most people are not able to 1) trade profitably and consistently;  2) they cannot overcome the mental aspect of trading . You first need to know how, then you need to work on yourself in ways you may have never thought about before. Sounds like a lot of work and it is. Nothing worth while is ever easy, cheap and without cost.

Have you ever thought of the main reason for your trading pursuits?  One of the many benefits I find rewarding about living a trader’s lifestyle is you have the ability to make your own hours. For me, that is a high on my priority list. Not having to work for someone else is without a doubt high in the ranking. You know, the money is not as important for me as it may be for others, because I don’t need so much to meet my daily needs. The time freedom is probably the most valuable to me. The money just affords the opportunity to take advantage of that benefit. The answer to the question above is going to be different for everyone, but it is a good question, so maybe give it some thought.

This business is not for everyone and I will be the first one to tell you that. You need to have a desire and/or a passion to pursue this seriously because you will be going up against professional traders worldwide. You cannot take a casual approach and expect to consistently come out on top.  

Back to the training series. I have part one of a nine part series posted below. These are only 5 minute clips and they will continue the next day where I left off. The nine parts will last a total of 45 minutes and this represents just one complete trading day. I have moved up my chart to a 233 tick chart from what I usually trade, 100 tick.  I look at 3 different time frames during the day and make my final trading decision in the 100 tick. When you trade a higher time frame chart, two things happen. You usually need to account for a bigger stop, so your target needs to be higher as well to account for that, and the second thing is you have fewer trade setups.

The smallest time frame for me is the 100 tick as I have said and this is basically a scalping method by definition (taking small profits of a few ticks to a few points). I find that, it would be advantageous for someone to trade a separate account for a different style. Like trading for larger point runs based on the appropriate trade setup. With this style, I do like to gradually scale out of trades when I see nice chart patterns present themselves. Maybe taking off the first part at 1 to 2 points, then the second at 2 to 3 points and the rest, let it go to where ever the market says get out, that is easy to identify with my method.

I might add, there is another way I have handled nice trade setups and that is, I would identify the next biggest time frame up from the 100 (I usually go up in incriments of 4, for me that would be the 400 tick chart). When I see a nice pattern in the 400, that I know in the past has produced nice movement, I look to the 100 tick and go long with a standard order, lets just say 3 contracts. I will add another 3 at a new break out with my new stop in place and move up my old stop to the second add on spot. I will add again at a new break out treating it as a separate order with its own separate stop.  In a 10 point run you may be able to add 4 or 5 times safely without any additional risk other than your first order. Basically, I am pyramiding my position for maximum return without the risk. You stay within the larger trend which is pushing you higher and add in the smaller time frame for maximum return. You can do that if you are able to recognize patterns and be ready with your plan in place. Keep that in mind when you view the short video’s.

You can see the patterns more easily in a larger time frame. That is why I have gone up to the 233 tick chart. It does not matter the time frame, everything is always the same. There are a lot of ways to trade and no one can say that my way is the best way, because it may be the best way for you but different for others. I would say, I do like the 233 tick chart and I have traded it before. It is the maximum time frame I can go and still keep a small 5 tick stop, so it is a very good alternative to the 100 tick, which may be a little too fast for someone who is just starting out. This is still plenty fast and the trade setups are still fairly frequent. When I counted the trade triggers generated in the one day, there were 50 possible trades for this time frame (233 tick)

Again, the training is broken down into 9 segments of 5 minutes each, given to you one each day and represents the full trading day of  Thursday, February 5th, 2009.  By the way, Friday’s market action looks the same as Thursday’s and Wednesday’s looks the same as Friday’s, they all  more or less look the same, repeatable trading patterns that happen over and over again.

This is just a sample of what you can learn with me. If you decide to partner with me, you will be able to follow me in the morning for 30 to 60 minutes, capturing your daily goal. I think you will be nicely rewarded with new knowledge, experience and hopefully some extra cash to go along with it. 

Ask about my “Mentoring Special”, Learn While You Earn.

Have a great day!

Vince

http://www.screencast.com/t/WhGbWgD8Y                     Sample Training part  #1

http://www.screencast.com/t/44E4Uu492Qt                   Today’s equity chart

http://www.screencast.com/t/tBnsAUQswkN                   Today’s trades

http://www.screencast.com/t/kGkg0mjTPe                     Add on trade/1 entry 3 exits

http://www.screencast.com/t/ut61mZJgZn                      Updated equity chart

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Very important post, long term picture

Friday, January 30th, 2009

As I post this on Friday January 30th at 8:17 am the dow is off 114 point adding to the over 200 points + loss from yesterday and we have some real selling here.  The S&P is off 14 points now and adding yesterdays loss of 30 points that’s 44 points of selling  since my call, -5%. 

If you look at the S&P you will see that it needs to stay above the purple line across the bottom. That is the line in the sand. I think it will hold for now. Look at the purple line from above and you will see a wedge forming. That formation can last for quite a while, bouncing in between those 2 lines, it could be a few months. As it gets strung out, it will have built up a lot of pressure getting people to establish positions on both sides of the market and the struggle will continue. After that point, a break to the downside will have resolved the struggle and a very large wave of selling will kick in pushing the Dow, S&P, NASDAQ and other major indexes to the downside taking with it more of America’s wealth.  That is just one man’s opinion and is not to be considered investment advise. Everyone needs to choose for themselves what is best for them in their own investment plans.

What I see is a web being laid out, like what a spider would do in order to catch his prey. He lays the web, one string at a time until his trap is set and he waits for the victim to walk into it, of its own free will.  Investors have been trained to buy the dips, thinking that the market has fallen so far that it can not fall any farther, so they buy. I am speaking of long term investors and not traders here. Just keep an eye on the two purple lines and let a little time go buy and let’s see what happens. I would say that for us to be prudent, we need to interpret what is happening and not so much predicting it. I to need to remember that although it makes for some interesting reading.

This is what is happening right now. We are in a consolidation phase trying to put in a bottom but need to stay above that bottom purple line. I have seen it a thousand times, once that support gets broken we will be going down at least to test the previous low. For now, it remains in tact and we can expect sideways to up over the weeks to come.

Let me give everyone a little more perspective on the long term trend. I will post a monthly chart of the S&P with my method attached to it. My method works on all time frames as you can see in the daily and now monthly charts. We have had 4 trading signals since 1995 and I caught all of them exactly as laid out on the chart. If you had positioned yourself at these turning points with your 401 k’s and IRA’s you would be at the top of the heap, instead of the bottom of the barrel.

Don’t mean to be insensitive here, but with all the experts out there, I have learned to trust myself instead, by getting educated. Who could blame you for staying invested during those big down periods? I could go back to the 1930’s and the charts on the screen will look exacting the same, giving excellent buy and sell signals, telling you when to stay invested and when to step aside in cash waiting for the right time to get back in.

As you can see, it is not the right time to get in yet for the long term investor. You are trying to catch a sharp falling knife. Do you know what happens when you do that? That’s right, you get cut. Just say no, for very long term money, its not time yet. When the two lines cross to the upside, that will be a different story.  In time you will learn to read price action, or you should strive to do that with no indicators at all, other than the price charts themselves. I can show you how to get the same entries as I have posted on the monthly.

Ask yourself, if you had invested in 1995 and got out at the high of 2000, what would your portfolio look like?  Then, to stay in short term treasuries until July of 2003, when you re-entered the market as it took you fully invested to January of 2008. You would be doing well.

People have been told that you cannot time the market. That is what they want you to think. Who is the “they” you ask? It is anyone who has a whole lot more money than we do. You will get a pretty long list from that. To answer that question,  I would say, that’s a bunch of ______, well, you know what I mean. The public has been trained / conditioned / manipulated etc. to believe this and so it is why they get fleeced time and time again. Don’t let that happen to you. Get educated and put the odds back on your side.

Very important: look at the long term monthly chart of the S&P.  Using my method I have been able to call every major market move since the early 1980’s when I started following the markets. I will post more of those charts in the future to help you see what I see. Again, my method works in any time frame. I currently trade a very small time frame, 100 tick S&P e-mini, unless the volume changes drastically. These charts are based on volume and not time. That is why I say, “I have seen the daily chart setup that we are now looking at a thousand times”, because those are the same looking setups on any time frame and you can expect similar market reactions.

O.K. that is it for now. I wish everyone the very best.

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