Posts Tagged ‘market direction’

Market on Course for higher prices

Saturday, October 9th, 2010

Today’s post is for Friday’s session October 8th, 2010 as the market continues to defy all logic and climb higher, +57 points on the Dow, +4 points on the S&P futures.

The market continued its climb higher as we moved into new high ground. Last week and before, I talked a lot of market direction and it was nice to see the expected resolve to the upside. It could have gone down, but their were far more things showing me higher prices. That was totally the unconventional market call, I know, but reading the current price action in what ever the time frame is possible. Having an understanding of market sentiment can help a lot if you also know how to interpret it. With that said, anyone following me for any length of time knows that I have been bullish for months now, from the very market bottom of 1040 and with a confirmation at 1060 on the S&P. That is 120 points from the bottom and 100 points from the confirmation point.

Calling for a market bottom and reversal up in late August was not a popular call and I remember feeling a little uneasy about it back then, but I had seen this scenario a hundred times if not more over the years in the daily and weekly charts. Taking the unpopular stand in not easy, but that is why most people loose money in the markets. As traders, we need to really think for ourselves and understand why we do what it is we do. It is in understanding our positions, where we come to really learn how to trade.

In the market sentiment numbers I follow, they moved up 2.3% this week to 45.6%. That is basically a neutral reading, but that does not mean that the market is going to stall. There is still room for it to gradually move higher and given its pattern of increasing sentiment a couple of percentage points per week, a continued move higher in prices and overall bullish sentiment is likely. I am looking for prices of S&P 1125 or higher in the weeks to come and the Dow, I see moving up to 11,700 or higher. We will just have to wait and see how it all turns out and how much higher if any we go, but that is the likely path of prices at this time.

A lot of people are calling for a market crash and that might come, but I don’t think it will just quite yet. I will let everyone know when that time will come, so stay turned if you care to know my opinion on market direction.

I missed a couple of days trading this week, Wednesday and Thursday, but was able to trade on Friday. I had a lot of preparation to do before what some are calling for, “a long hard winter” in the mountains of Northern California.

My trades from Friday are below which was a pretty good day. I had only one small loss on the last trade, but picked up some nice moves before that making for a nice day.

If anyone has questions please feel free to email. I will more than happy to answer and or help you where I can. If you want formal training we can do that too, but if you just need a little free advise, I am open to helping those that ask for it. If you have Skype that is the best way to talk and if it can be handled through email that will work too. My Skype name is “SniperDayTrading”.

So enjoy the weekend and get outside while you still can, before the bit of Winter sets in.  Good Trading to all, Vince

P.S.   My indicators are not the trading method. They are only a tiny reflection of what I can show you. Their is a complete trading methodology behind every move and one that can be duplicated time and time again. In fact you can trade the Sniper Day Trading method without any indicators at all and do well.  We teach how to read price action in what ever time frame you trade, but have a set of three main time frames we start out in depending on volume and volatility. This chart is the smallest one of the three but I have a unique way of integrating them all so it really becomes just one chart.

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Market momentum down, but looking for support

Monday, August 23rd, 2010

Today is August 23rd and we saw the markets holding on with only modest losses as the S&P dropped -4.75 points.

I think tomorrow will be a pretty important trading day and will be looking for the market to hold on. This is not a far gone conclusion, but this is what I would be looking for. If we see big selling and close that way, we will be seeing other factors come into play. Currently the daily and hourly momentum is clearly down. Support will have to make itself clear or the markets momentum will take over and we will drop.

After Tuesdays session, a new weekly poll from the Investment Newsletter Writers will come out for Wednesdays market. The negative sentiment will likely have a reverse effect on future market direction. So, the key is for the market to hold on, without any major damage, but we will see.

Below, I have a chart of today’s first 90 minutes showing the turning points during that time. There are only a few trades and they were all pretty clear. If all the trades were taken, 3 would have been big winners with one small loss. This is only based on the trade indicators. I won’t say if I would have taken all of these trades but I will say that I really liked the first one and the last one.

One would only have to capture a few points from one of these trades to make a nice daily goal. The chart below is a tick chart and the smallest size of which I use on most trading days.

Still laying low on personal trading and may be ready to get back into it by this coming Monday. I am enjoying the time off, as it will help me recharge myself for the many coming months of good volatility, that’s the plan anyway.

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The S & P is Getting Ready for a good move, which way?

Thursday, February 11th, 2010

Today is Wednesday February 10th and the market ended the day down slightly, -2 on the S&P and -20 on the Dow.

I have been sick the last couple of days and was not able to get a post in yesterday. I did trade for a few minutes yesterday and picked up some nice quick easy trades. Today I traded as well, but I don’t know exactly what I was thinking. This needs to be one of those lessons I need to learn from. Don’t trade if you are sick, pretty simple. ( I didn’t get the memo, lol.)

I started off with a two point gain and another for a point and half or so and that should have done it. But I traded way more than I should have, given that fact that I was not all there. Crazy. The day worked out still fine. I did pick up my daily goal, but what I don’t like is making poor trading decisions under terrible conditions, being sick. I usually only use a very small stop and if my concentration is not there I could see a daily stop out for me, of -4 points. I have not had one in a long time and I want to keep it that way.

This is one of the reasons I write this blog. To get on myself when I mess up. Some may thing I am being hard on myself and I am. If I am not hard on myself, then who is going to. I still made an equivelent of about 3 1/2 points after commissions, but that is not the point. If I start taking non method trades, eventually it will catch up and cause me to be stopped out for the day.

The beauty of having disciple enough to stick to a daily stop-loss point is because if you do something crazy, or what ever, the worst thing that is going to happen is that you have a manageable small loss on the day. When I ask myself, what is the worst thing that can happen to me today. I always know what the answer to that question is, that in itself, takes the pressure off or makes it easier.

Anyway, the price action was great yesterday. I did see some really good moves, just before the big reversal, wow, nice rally’s and price movement up until the afternoon and the same for today. Both days afternoon sessions have been choppy and not exactly what we expect. The early sessions have been pretty good, but you do get some choppy swings at times. It does not seem to last more than 15 or 20 minutes though.

From Mondays post, I remember saying that if we were able to get above 1063 on the cash S&P we would soon see 1071. If we are able to get above 1071, we soon see 1077-1080. Over 80 we will see 1097-1109.

Well, we got the first three exactly. The high was 1079.28 on the cash. That is exactly where we sold off and was the high for the day. The market closed off about 10 points from that high. We did not yet see the last part of that and it could come tomorrow or the start of it. In fact, we are in middle ground now and it actually go either way.

Today was an inside day. Todays trading range is inside of yesterdays and when that happens, you are getting the build up necessary for a big move. We have been basing for three days now since the sell off and as I said, it could still go either way. I would say that the odds are it goes up to hit the upper targets I mentioned. On the dow, it looks like about 300 points plus. The either way, is an equal distance down as well.

If we go up to hit that upper target, I don’t think it will hold. That being said, I would like to see the sentiment numbers that came out yesterday and will be published tomorrow. (Market Harmonic’s) has it there for free, with a two-day delay.

That is about all I can write, when I am feeling better, I will post some good information and continue with helpful things that may help us all in the battle to over-come.

Good Trading !

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Scalping the S&P 500 for Daily Profit

Thursday, September 24th, 2009

Today is Thursday September 24th and all the major index’s had follow through on yesterday’s sell off.

We had mentioned that if there was follow through it could be telling us something. I do see a rising wedge in this up-trend developing, but has not broken as of yet. There is support at just under today’s low and I think this level is really going to be important to hold. This sell off is and can be expected, given that we had this big run. There is some resistance above and as stated some support below. I would be surprised if we go right through support from here. I don’t think that is going to happen. I would expect a day or two of consolidation at or around these levels and a counter trend rally, just like I mentioned earlier in the week. You usually will get a counter rally back up and at that point, the make or break point will be at hand. It is still developing and will need to see the move back up to better determine what is actually going to happen. Still can not rule out higher prices. Dow 10,000 and S&P 1100 are not far away.

I had mentioned the sentiment had been falling and that can be a good thing for the bulls. After this weeks price action, the bears will make an even stronger case for the market to drop, thinking that this must be the drop that everyone was waiting for. I am a firm believer to always look at both sides of the market and that way you will not get blinded by what you want to see happen or your preconceived opinions of market direction. Wall Street is a two way street and right now, the flow of overall traffic is still going one way. Yes we have pulled back quite a bit, but the price action is not decisive enough to warrant an all out sell. We bounced off of some stiff resistance and appear to be pulling back. Lets just watch the price action over the next few days and the bigger picture will become more clear.

Below is a short video of some of the trades I took in the S&P. These trades are out of the 100 tick chart and is by any measure a fast pass chart of price action. I look to two higher time frame charts as well but those are not mentioned or shown. It’s all about timing. When to pull the trigger and when not to. If your timing is good and you  have a road map to follow, you can do well. If you timing is off and you can not follow a clear plan of action then you most certainly will not do well. It’s just that simple. How do you know where to get in and out?  That is explained in my method in detail. Below, I have taken 15 trades in the last 90 minutes of trading and posted 54 ticks of profit and 15 gains, with one loss of -3 ticks. I show exactly where I get in and out but do not explain why and do not show any of the other parts of the method. We only need 8 ticks to capture 2 points for the day.  It can usually be had in about 30 minutes of trading everyday. If you are able to slowly increase your contract size while trading for a very conservative daily goal of 2 points, you will never worry about money again.

It is not that hard to learn, but the hard part is going to be dealing with yourself and the inevitable fear and greed which always comes into the picture when you have large sums of money at stake. There are things traders can do to overcome these obstacles, but very few ever think of what that is and even fewer are willing to do what is necessary even if they find out, what they should be doing to get to that level.

All I say is, it is possible, if you have the support and road map. I can offer both, for those who are interested. I will be coming out soon with a more favorable pricing structure for those interested that includes a much lower initial cost to get started. It should be up and posted in a couple of weeks. I am working hard on putting everything else a trader will need to get and meet there goals. It is and will be different than any other method or system out there, so stay turned.

Vince

http://www.screencast.com/t/15cxliWCm7g         video of todays trades and turning points together/ 100 tick chart

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Opportunity to Beat Wall Street

Friday, June 12th, 2009

Today is Thursday, June 11th and the market is still at it, marking time by moving sideways.

It wants to go down, but there always seems to be a rally bringing it back up. Go figure. Well, that is what we figured, for about the last week now and we continue to see more of the same. Yesterday’s market did the exact same thing as well.

It is becoming a ritual. Things will change as time is allowed to pass. This is the same thing as a pull back, but you are getting the rotation while prices are in a stable range. This does not happen too often, but I have seen it before. Investors, Mutual Funds, Pension Managers are all rotating through their holdings. When one group wants to get out, you have another group ready to step in and take the bid, so prices are not dropping like you would think after such a big move up.

At this point, it would appear that any sell off is going to be short lived. There seems to be a concerted effort to keep prices up, creating the impression of a full economic recovery. The markets always look 6 to 9 months out and if it sees better days down the road, even if those days are not here, it will bid the market up. That is part of the reason I think we will see higher or sustained prices until late September/October.

Today’s trading went well as did yesterday’s. I think yesterday’s was a little better than double daily goal and today a little above daily goal. Today I had no losses, hurray. My first trade was a gainer and the rest followed, 6 total trades, one break even and the rest gains. I had computer problems this morning, but I think I have it worked out. Bought a new external hard drive, took all of my training video’s off the computer and cleaned things up a bit. I should be OK now.

Well, I just had a thought, I remember what I had said some time back about the whole flu thing. I had said that it was coming back to visit us and that it was going to be a problem for corporate profits. That was over a month ago. Today, we see the first stages of my prediction coming to pass. The W.H.O. has declared pandemic level 6, something that has not happened in over 40 years.

What is the implications of this on the stock market?  I will recap and update based upon what I think. Whatever the real problem, it looks like it will get a lot of press and with it will come the impetus for getting the population vaccinated. It has been previously proposed, companies that have about 50 employees or more will have appointed a full time person to monitor the health of individuals within the company, (an additional expense as well). Key people could be required or forced to remain home and get vaccinated.

There is a lot of controversy over this and only 30% of the people say that they will be willing to do this. Bottom line is, it is going to hurt corporate profits and Wall Street will ferret this out, project it onto future earnings and the market will again make a large adjustment down. It is not going to be a real big problem until official flu season, around October.

There are about 3 maybe 4 other things not related to the above that will potentially add to downward price pressure, a cocktail of events. A declining dollar, increasing interest rates, increasing unemployment and a new wave of foreclosures to the middle of the market, which is a larger segment of mortgages written. If you throw in problems with North Korea and Iran you have a whole smorgasbord of events that may be just too much for the markets to bear. I may write more about this  in a future post, so stay tuned.

I have learned that in order to be a most excellent trader, you have to look beyond the obvious. If you only see what is in front of you and are not able to ask what if questions, you will not know how or what to do until it is too late and your account is under water.

That applies to trading, but it also applies to things in the world which affect companies, employment, innovation and our future. You need to look and think ahead and always allow for the impossible. No surprises. If you look at the market through the thoughts and ideas of only yourself, your vision will be limited and so will the possibilities of a super-sized trading account with steady profits.

The people you trade against are not going to be willing to cue you in on all the real happenings, so try and learn to think for yourself and question things. That could apply to market direction as well as many other areas. I am weaving two kinds of thoughts into one, but they are really only one thought applied to different areas, same reasoning, but nonetheless all related. Unless you are different, you will be ordinary.

That is what Wall Street wants to trade up against, a group of ordinary investor/traders. They seem to do very well against this group and they don’t want anything to change. So if your plans are to the contrary, then you need to get busy and educated. I can tell you from personal experience that if you try and learn how to trade only on your own, like I did, it is going to take you a long long time to figure it all out, many years and you may still never get it. Just ask yourself this question, do you have the time to wait that long?

I think not. If I am right in my assessment of increased volatilty later this year, do you want to be able to capture some of those massive market moves, or will you be paralyzed with fear, not knowing what to do as the market takes off without you and potential profits Just think about it.

I have and that is why I will be gearing up big time, preparing new strategies for those explosive moves. The work starts now, going over how to limit risk and exposure while maxamizing huge total dollar returns. If anyone is interested in preparing now for what will be needed later to address the increased volatility that is sure to come, send me an email and I will give you more information on how you can be ready and what strategies you will need to implement.

http://www.screencast.com/t/JGm4fbZJx Yesterday’s equity chart

http://www.screencast.com/t/t8g1zR3fR Today’s equity chart

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Market hits resistance today

Friday, April 3rd, 2009

Today is Thursday, April 2nd and the overall market ran into some resistance today.

I have not talked much about daily market direction lately, because I had not seen anything that was worth pointing out. I wish I had posted what I saw yesterday, but today is still OK. I will give you a 5 minute overview on what I see and how it could be played out over the days to come. But before I do that I want to give a quick recap of today’s trading.

It turned out good. That is always music to my ears, but as I mentioned before, if you are not in focus and have distractions going on, your performance is going to suffer. That is how I started out. I was giving a trading lesson to one of my students and I had not yet gotten my points. My mind was not on the current price action and when I got around to taking a few trades, they were good for gain, loss, gain, loss.

I did that three times, back and forth, until I settled down. Part of the problem is trying to trade in the slow patch of the day. I needed to take my own advice from yesterday’s trading tip.

I thought about that today as I found myself in the red. On my way into negative equity territory, I had to pause, take a deep breath and relax. The market has a natural flow to it and you need to find that rhythm or flow. I cleared everything out of my mind and just waited for the trade to come to me. I did not have to go after it.  After that point, I had 10 gains, one loss and one even, to go from -600 to + $2,000, much better.

My daily loss limit is two times my minimum daily goal, (between 2 & 3 point) and I have yet to stop trading because of my loss limit. It has not happened yet with my daily gains now stretching into the start of my third month in a row. The actual trading totals have been on average about 3 times my daily goal. For a long time, I was struck on trading 5 contracts and I must have been averaging 3 times that on a daily basis. I have currently wanted to trade less and increase size, so I have been doing an OK job with that.

You need to be emotionally ready, as well as financially, to increase your size. But, if you are able to see the trades each day and know why and where it is you are taking those trades, then it is just a matter of doing what you know. Leave the fear behind. In a market with volume, you will not be in the trade for very long and this will cut your anxiety or fear down to manageable levels.

Again, for the trader who is just getting started, you need to be able to put those winning days together, one after another. That is why, I feel, you should not be in the market all day. It is too much for most to handle. The market has a way of wearing you down, until you get sloppy or let your guard down. Then you may find yourself in the fight of your life. Don’t put yourself into that position. Get your points and get out.

I have seen just about everything the market can throw at me, but I need to respect it, or I too will be humbled. There are times when you should not trade at all. Erratic movement without periods of consolidation and choppy direction-less formations are all telling you to take a break.

It is amazing what that decision can do for you. When you come back after an hour or so, it can look like a whole new market, with predictable swings and volume.  That is the environment you want to be in.

Tomorrow I will record a few of my live trades with commentary as I was doing before, for those who are looking for that.

 As I promised, below is a short overview of how I see things in the daily’s. I hope it helps, but remember, you need to think for yourself and see it for yourself to be able to trade it for yourself. 

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

http://www.screencast.com/t/bljwZXzuz9e   Market overview on the Daily – video 5 minutes

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“Keep An Open Mind”, while trading the S&P’s

Wednesday, April 1st, 2009

Today is Wednesday April 1st and I had another quick day of profits.

I start out today with a nice one point trade short for half of my now higher daily goal, followed up with another 1 point trade just after that, for a quick $1,000 dollar daily goal in just a few minutes. With the commission cost it put me just above $900 and I  needed one more small trade to at least get over a thousand. The next trade came to me very nicely for yet another 1 point gain, but with only 4 contracts on board to safely give me a little over $1,100 for about 20 minutes of trading.

That is what I like about trading the way that I do. I have said this before a few times, but it bears repeating. No struggle, just a few quick easy high percentage trades. When checking the stats for how long I was in the market to get my trades today, my computer told me that it was only 3 minutes of actual in the market trading time. That is an average of 1 minute per trade. That is COOL. 

When you are in the market for a long period of time, you do have higher exposure, no matter what the circumstances are. More time in the market = more risk – period. If you know what you are doing, you can minimize that risk with stop loss orders, but none the less, you have more risk.

Now, I get to do other things, that can be very rewarding to me. Time is something that you can never get back, once it is lost. You can always make more money, but if you invest yourself in things that can bring you personal dividends, you can look back at your life and have no regrets. That is the way I see it. The key to making something like this a possibility is knowing how to trade, so that you can pick up your points for the day. If you need a mentor to help you through the process, send me an email and we can discuss how I can help you put it together.

Here is a little trading tip for the day:   KEEP AN OPEN MIND WHILE TRADING

In looking back at the one thing that I thought gave me the most trouble in my trading, that would have to be keeping an open mind as to overall direction and not having a bias. This is one of the secret killers that is always lurking, looking to destroy trading accounts.

If you make a decision in your mind that the larger trend is going up or should go up, then you will not be able to see the short setups that are right in front of you. The same is true in the opposite direction. As far as the bigger time frame, leave your mind open and let the market tell you which way it wants to go. If you have a strong conviction about direction and things start to change, you will not see it. I GUARANTEE IT. 

You will become blind as to what is happening, because your subconscious mind will not let you see. You have created a mental block as to the current reality of the present price action. On the other hand, if you hold your opinion to general market direction lightly, if things change, you will have no mental blocks to overcome when you need to take a trade in the opposite direction. The market trades on a two way street and you need to see cars coming in the other direction or else you will have a HEAD ON CRASH, with the outcome producing casualties.

Example:  In a past struggle, I remember thinking that the market should go down and I was looking for a short set up. I place a trade and get stopped out. I still think the market is going down, but my timing was off, so I re-enter short and again get stopped out. Something is wrong and I need to stop and check market direction because I am fighting the trend. That is what I should do, but I still have in my mind that this market should be going down any moment now and you try and short again. What do you think happens after that? Stopped out again. If I would have taken the correct action, like I mentioned above, I need to stop and assess the larger time frame and wait to trade in the correct overall direction. 

The moral of the story, KEEP AND OPEN MIND TO OVERALL DIRECTION and don’t let this happen to you.

http://www.screencast.com/t/IORB9MjZY                  Today’s equity chart

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Posted in Trading Psychology | 1 Comment »

Bear Market rally continues

Wednesday, March 18th, 2009

Today is Tuesday March 16th and the last hour shows strength

The market had some good moves today in both directions. I saw a couple of 5 point sell off’s and a couple of 3 point sell off’s that were very clear. The moves on the upside had more room in them, especially in the late afternoon. I saw a couple of 5 point moves to the upside and a couple of 10 point moves as well. I had some of both to pick up my daily goal plus. Todays total was over $ 2,000, but I traded a little higher contract size of 5 to 8 to get it.

I had a little misstep in the early going but was able to recover. It was a mis-trade that cost me, but I was able to make up for it in the late afternoon in one of the nice rallies upwards that we had. I had manually put my stop in, but placed the order in the wrong direction adding to a loss, I traded my way through it and had some nice returns at the end of the day.

I have posted a chart of the hourly S&P and daily Dow. Yesterday I called the initial resistance top of the S&P and it was good for a very large move to the downside. Today’s open took the market up, back to the middle of yesterday’s range, selling off a couple of times on the way up. It wasn’t until the last hour that the market decided to advance up through the overhead resistance and push its way higher, it did not take me long to figure out that the market was strong and decided to go with it for some nice gains.

It is only in reading the charts that we can make a true determination on the current market direction. That is day trading “one O one”. It’s nice to call big directional changes and a lot of times they work out, but to place all of your market calls on what has not happened in the future is not wise, while day-trading. We are only trying to capture a few points in either direction with the prevailing direction being of no consequence. Trading up is just as good as trading down.

I will point out that the sentiment numbers did come out last week and they were only 26% bullish at -3% and 47 bearish at +3%.  So last week people became less bullish and more bearish. I think that is adding to the rally we are having. These readings are currently very bullish for the market and we are seeing some of that played out. A reading of 35% or lower is typically good for a move up on the markets and the last reading is 9% below that. So over all, don’t be surprised with the current move up. If the market does come back in the middle of the last rally and then overcomes the last pivot point high, it will have a lot more power behind it. On the other hand, if it can push through the current outside resistance and move up, it will have a higher failure rate, when it starts to drop. So I am all for a pull back, but when it comes to trading the markets, I don’t really care. I know we will find moves in both directions.

Let’s take a look at tomorrow, and see if the Dow can break through the outside resistance, it is coming up on it now. The Dow closed the day matching yesterdays high, while the S&P closed slightly higher than that. I have seen many times the indexes go slightly past their previous highs, only to fall back and fail, thus taking the late comers down.

http://www.screencast.com/t/AUgxJSONYx      Some of today’s trades “Live”

http://www.screencast.com/t/LRwBANuN          Still shot of hourly S&P and daily Dow

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Big Day on Wall Street & Day 6 training

Wednesday, February 18th, 2009

Today is Tuesday February 17th, and we had a big day on wall street.

I don’t think the investment community likes the bail out plan because it more closely resembles a big government spending binge.  The way I understand it, there is going to have to be more and more of this spending in future years, to the tune of 2.5 Trillion or more dollars, wow, that is a lot of money. Look for inflation to be a big problem later in the year. They won’t be able to raise that much money without raising taxes and or printing it (money).  It is going to pull a lot of available cash away from the private sector, meaning people with businesses are going to have to pay more to capture some of the financing that they need.  Interest rates will go up for sure and so will inflation. Right now we are in a deflationary environment, but that is going to change later this year, you wait and see. I don’t think this is good for the economy and the market with wall street agreeing. The S&P sold off about 4 & 1/2 percent and today broke that all important support that I have talked about. Not a good development for long term money. The market is always going to foretell what is happening in the economy 6-9 months in the future. So lets still hope we get a reversal.

As far as indicators go, the daily did turn negative today. I don’t rely on indicators, but it is a little helpful at times for the person who is still learning how to read price action. The only glimmer of hope that I see, is a possible fake out. Many times the previous low (pivot) gets taken out by only a slight margin and that is enough to get shorts and people who have been hanging in there to throw in the towel. When that happens a fast reversal can happen. Right now, there is no way of know what the next move is, but by reading  current price action will we know if it is going to continue to break down. I would say be alert tomorrow and look for a possible reversal, but don’t have too strong a bias, just be aware that a reversal can happen, and  ”READ PRICE ACTION”. That is the only way you will know what’s going on.

As traders, that is easy to figure out. Don’t anticipate much, just read. I can not state that strong enough. The times that you have too strong an opinion about market direction, to the point that you become blinded from what is actually happening, is the times that you will not do so well. You can not force you will on the market, it does not care what you think. Its job is to take you “OUT”. So, take it easy and wait for high probability set ups.

Today’s day trading went well. I picked up my daily goal in about 20 minutes or so in the morning. I started out with +1 point but only got filled on 1 contract, not 5. Then had -1 point , +1 point, +1/2 point, +3 ticks, and then +1 point. I have the trades posted below. I did come back for another round a little later after taking a break. The equity graph shows all the trades net profit. I had 14 trades, with 12 gains and 2 losses. The market was really flowing nicely. I will show tomorrow some more trades in the 233 tick. If anyone is trying to trade and follow on there own, I would recommend that you do it in the 233 tick right now. Unless you know how to weed through the possible false signals in the 100 tick, you should be following the 233 tick for now. I will explain more in tomorrow post.

Lastly, when watching the training, you may want to scroll down to the bottom and go to the right side, there you will see a button that looks like a screen.  If you click on that, you will make the screen full size, it may be easier to view. I wish everyone who is follow me a great evening.

Vince

 

http://www.screencast.com/t/NgwtnTFbUO       Day #6 Training

http://www.screencast.com/t/BK9pKrXAos      Today’s equity graph

 http://www.screencast.com/t/oSpzKsaqESr         Some of today’s trades

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