+10.2 Russell 2000

4/29/2010

Today is a very good example of why you should not only trade the ES. I know everyone is told to trade the ES and I am not sure why because most of the time the ES is actually harder to trade that the TF and NQ's. Also the Range is usually better in the TF and NQ as well so there is more profit opportunity with more points.

The ES was flat most of the day while the TF had a very nice move that was good for +10.2 on the 10 minute chart.

In todays video we go over the 3 minute chart and the 10 minute chart. Notice how the blue bars came in at the high to tell us not only to exit if you caught the long but to not re-enter long. This is important because if you just turned your computer on and the market was at the blue bar high you would know what NOT TO DO which would be go long.

Like I say in the video when I first made this system it was to tell me what NOT TO DO first meaning; bars are green DONT go long. Then it is easier to learn and understand what TO DO and then learn how to capitalize on that over and over again.

Also from last night's email our outlook for today was up so when we get a buy signal that is the same direction as our outlook that even makes it better. That is when you trade more contracts and really try to hold to the target. One good trade like this is usually multiple days worth of daily profit goals. If you are going to take the risk make it worth it!

Happy Trading,

www.eMiniSchool.com

4/28/2010 ES Update

4/28/2010

Although we fell from the 1216 projected high we are not heavy with our shorts here. We still have the 1228-1235 area that is a big level.

We have to stick to the pattern and not try to predict the top we must wait until it is actually confirmed and the top is no way confirmed at this point. We are not saying go long because the targets we have to complete this wave are so close to being hit. So on a Swing Trade basis we are flat. On a day trade basis we go with the bigger pattern and wait for intra-day signals.

Tomorrow we could go up to the 1198-1201 area.

Have a nice night,

www.eMiniSchool.com

+$1,100 per 1 lot

4/27/2010

In the last few posts and videos we were saying how the ES hit the 1215-1216 are and that was important level if you are long. We have been noting this to our members as well going long up to that level since the low in February. We said "now is not the time to be lazy with longs".

Here is a 5 minute chart of the TF from today. We had a very nice sell signal (2nd set of reds) at 739.00 with a stop at 741.10 which is only $210 per trading 1 lot. Notice from that sell signal the market dove overall 19.00 points to the close. How we trade this is once we get blue bars we trail the stop down to the high of the prior blue bar. We do this the same every time so we have a strict rule that is on the chart. (not written down somewhere because we all know that is not good enough to trade from) meaning: you will not follow your rules 90% of the time unless the rules are on your chart.

So we had a defined exit at the 728.00 on the 5 minute chart for a +11 point winner or $1,100 per trading only a 1 lot! That is not a bad trade OR day to say the least.

The TF did go lower but the thing to note is once the blue bars came in it was a high odds area to get a retrace and that is exactly what happened. Once the market retraced we had another short signal and then a minor short signal within the major short signal. Our rule is once we get blue bars we do not short that low unless a corrective pattern has taken place after the blue bars. Also on the 10 minute chart if we get a blue bar low or high for the day we do not re enter again for that day. The odds are too high that the high or low is in for the day.

After a +11 point trade it is best to bank your profits and walk away especially if we have blue bars at the low. So we would consider the last 2 shorts higher risk that the first but since the blue bars came mid cycle you could still take the last two shorts.

In the last video we pointed out that the TF did have blue bars yesterday at the high of the day. We will make a new video on this again tomorrow.

These are the best trades not only having a good signal on the chart but the pattern was completed to the upside yesterday so our outlook for today was down. So when our outlook is down and we get a great short signal that is when it is time to trade full size and ride it to the exit signal. It is having the odds on your side with multiple things that all say the same thing and that is when you can have 100% confidence in your trading.

We hope you caught some of the short today!

www.eMiniSchool.com

Do not get lazy with longs!

4/26/2010

Here is todays ES chart. The 10 minute chart had blue bars right at the top plus we had the 1215-1216 area as our first upper target for the day. We know the targets ahead of time then use the indicators to confirm the pattern and give us odds.

Where we are at now is very important to the overall outlook of the markets. If we fail here and break symmetry this could be the top for a long time so this is not a time to be lazy with your long positions.

Long Term Positions we are moving the stops tight or at least selling covered calls.

Good luck,

www.eMiniSchool.com

35 Pip Stop for 214 pips of profit!

4/24/10

EUR/ JPY.

Here is a quick video on the 30 minute and 5 minute charts. Notice how the 30 minute charts gives us the bigger blue bars high to tell us to stop going long the 5 minute chart. This is just showing the indicators we use we are not showing the patterns that confirm the indicators which gives us even higher odds of success.

Then we break it down to the 5 minute chart and you can see how the 5 minute charts tells us the minor highs and lows within the bigger 30 minute chart. It is key to not only know the bigger direction but to have the tools to actually trade with them in a calculated way that can be repeated over and over again. That is where your confidence will get to the next level and you will be in full control of your trading.

Happy Trading,

www.eMiniSchool.com

P.S Unlike some charts where there is no exit signal we use a dynamic 3 stop method. The blue bars is one of them that is shown in this video. So for the 35 Pip Stop there was a actual sell signal to get us out with 214 PIPS!

ES 3 Min Update

4/22/2010

Here is the next video following the proir video so you can see today's chart. This is why we tell our members to trade what is moving and to watch the NQ and TF even if you are only trading the ES. See how the NQ had a 35 point run while the ES only had a 17 point run from our buy signal. I rather trade more NQ lots and get the bigger move!

Happy Trading,

www.eMiniSchool.com

ES video on 3 minute chart

4/21/2010

Here is a quick update on the ES using the 3 minute chart with the Kill Zone indicator pointing out the Blue bars starting and ending the move.

It is important to know if we are in a retrace or impulse move and trade according with a different set of rules.

Contact us if you have any questions!

Happy Trading,

www.eMiniSchool.com

Forex Video

4/20/2010

Forex Traders!

Here is a quick video on the 5 and 6 min charts.

Also check out the video that follows this one on YouTube here:

http://www.youtube.com/watch?v=8VozrPrA3FA&feature=channel

Happy Trading,

www.eMiniSchool.com

AAPL Video Update

4/19/2010

Watch AAPL as we have daily blue bars and that tells us we are at a very high odds level for this move up to be over. We still need the pattern to confirm the blue bars but we would be trailing stops tight on this stock if you are in fact long.

Happy Trading,
www.eMiniSchool.com

95% of indicators DONT work!

4/17/2010

Stop using standard indicators:

Most of the time when a trader is new to trading they will have someone tell them to start off with a standard slow stochastic, fast stochastic and MACD all with the standard settings. Also they are usually told to have up 2-3 moving averages, maybe a 9, 18 and a 30 or somewhere in that range. Or a 50 and a 200 on a daily chart and for some reason everyone does this at the start of their trading career (me included).

But Guess what? They don't work!

If those standard indicators worked you would have already mastered the markets, making all the money you could ever want in life. The mansion you want to live and a different colored Ferrari for every day of the week.

In the real world outside of trading if you do something and lose money you don't do it again or at least try to avoid the same situation because you have learned the hard way. When you were 5 years old and your mom told you not to put your hand on the hot stove guess what? You probably did it anyways but as soon as it burned your hand you knew right there and then to never do it again. But in trading people repeat the bad mistakes even though they know that the strategies they are using do not work. You might think "maybe it will work this time". Right here and now stop putting your hand on the stove over and over and learn how the market truly works. Why would you want to keep putting yourself through that pain , financially and emotionally.

Let's take a few minutes to look at why most standard indicators do not work and why you should get them off your charts starting right now!

We know the market is either contracting (making a smaller range) or expanding (making a bigger range). Also we know that the market is either making a impulse move or it is correcting the impulse move.

So knowing this we can look at the markets in a logical way with the indicators and let's do that now:

Stochastic:
If you are trading with a fast or slow stochastic it is normally measuring the last 14 or 7 bars. So when the market is in a contracting start for 3 hours YES the stochastic might have a little value calculating the high of the range and the low of the range. But as soon as the market breaks out of that contracting start and starts to expand guess what? The stochastic indicator will get pegged above 80 and that is where most people are taught to look to short the market because it is getting "overbought". If you short the market when the stochastic is above 80 when the market is expanding you will lose money 99.9% of the time , so why would we do that? We dont!

The same goes for if the market is expanding to the downside the stochastic will get blow 20 and stay there , but most people are taught to but there because the market is "oversold".

Conclusion on stochastic:
Not only will you be looking to short a breakout long you are actually missing the trend trade and that is where the big money is made. So instead of looking at this indicator get it off your charts because it is only valid 25% of the time and that is not good enough odds to make money in the markets. You will lose more money and confidence in yourself using this indicator so the negatives outweigh the positives so get it off your chart!

MACD Indicator

MACD is probably the most popular indicator but the MACD can get into divergence state for much too long and trying to trade a MACD cross will lead you to entering the trade to late or too early on 95% of your trades. A divergence is when the indicator is going lower but the price is going higher and most people are taught to short a positive divergence.

Yes, there is some value in using the MACD but that is to confirm a trend trade. So you must know how to read the patterns to know if the trend is up or down then use the indicator to confirm a second entry trade (we use the Turbo Scalper System for this).

If you use the MACD without knowing the true trend the MACD will give you 60-70% counter trend trades. And your job as a trader is to know it is counter trend and skip those trades.

We always say that indicators are there to confirm the patterns. You must know the pattern first and know the entry zone on the pattern then use the indicator to confirm the entry zone. We have made our proprietary set of indicators to clean up your chart and to give you the highest odds entry bar. Instead of you trying to predict the entry bar in the buy zone ours tells you the exact bar to get in once the pattern is confirmed.

Check out the chart on this blog and you can see the tight stops for huge rewards. We always know the risk on every trade before we enter and we also know our profit targets before we enter the trade. This is valuable on multiple levels to know 1) how many contracts to trade 2) and where to take profits at the highest probability profit zone. Look at the chart and ask yourself if this would help you with your trading? There was $4200 worth of opportunity on the short side. At minimum you would at least know instantly not to go long against our short signals.

Contact us to learn more at trade@eminischool.com or go to the site to see more charts.

Conclusion: Keep your charts clean and take off what does not work, so you can get the bad habits out of your mind when trading. Do not think you have a edge using standard indicators you simply do not. Everyone gets all these indicators for free and if they worked you would already have mastered the markets!

Happy Trading,
www.eMiniSchool.com

ES Monthly Targets

4/17/2010
Since the march lows last year we have had the 1230 are as our upper target for this move in the markets. Did we think we would be up this high this fast? NO, but nevertheless we have played it long since that low and even when the market seems like it is getting extended to the high side it is important to stick with the symmetry and if it has not been broken to the downside stay long even though it is hard to do mentally.

We have 2 zones that we are looking at for a potential top to this move. The first one is the 1214 level , and last week we hit a high of 1210.50 or 3.50 points away from the first zone. So right there we have to play it cautious here as the first level has basically been hit. Also we have the 1225-1238 range.

Also the thing to note on this chart is that there has been a very basic pattern repeating over and over which is a breakout then we come back and re-test the breakout level then extended higher. Even though Friday was a big down day compared to the prior ranges of the market all we did was come back to re-test the prior breakout level AND we closed back above the prior breakout level so there is still support in this market.

Eventually the pattern will shift to be down but it is still up at this point.

ALERT: Since we came so close to the 1214 level the pattern could shift soon so we are alert to that and we are trading accordingly meaning; we are not initiating any new swing trades that are long at this time and we are moving are stops up on any longs or exiting them if they have hit the target.

Trading is ODDS in the market and if you are trading without a good outlook you have no odds you are just gambling. The odds are we are nearing a top so we want to know this and not get sucked into the market on a minor buy signal up at a Major resistance. It is you knowing if we are at minor or major levels so you can gain odds to tell you what you should do and with how much money.

Are you day trading every trade with the same amount of share size or contract size? If so you are most likely trading at least half your trades counter trend and if you are trading counter trend you should trade half the size and have different trade rules for those type of trades. Lower odd trade means lower contract size. All our members know the rules and it is best to follow them every single time.

To learn more contact us anytime at trade@eminischool.com

Keep the stops on the longs tight!

www.eMiniSchool.com

FSLR Option Profits 550%

4/16/2010
We had a monster buy signal on FSLR at $111.00 and we played this with the April Calls and yesterday FSLR hit our $138.00 target for a gain of over 550%. We got in the APRIL 125 calls at $1.95 and yesterday they closed at $13.05!

We give all of our memebrs free stocks and option trades along with future trades and updates.

The thing to look at on this chart is not only the last long we took but we also have 2 very nice short trades. The first short trade was from $155.00 and the price fell the $115.00 low. The second short we had was $134.00 then the price dove to the target at the $100.00 level. YES, we had the $102.00 level as our target!

Once FSLR hit our lower $102.00 target we waiting for a nice move up then our signal is to go long the 2nd set of greens and notice how tight the stop was???

4.00 point stop, with a target of 27.00 on the stock!

It is knwoing how to get the targets ahead of time and stick to the trade for maximuim returns. Make the risk worth it!!

Until the next update,
Have a nice weekend,
www.eMiniSchool.com

EUR / JPY 290 Pips !

4/15/2010

EUR/JPY Huge Trades.

Looking at this 15 min chart on the EUR/JPY not even counting the minor trades just looking at the bigger waves there was one monster long and one monster short for combined 290 Pips of profit!

We have a major ABC and then a minor ABC within the larger wave. Then from there you can see the market rolled over and dove all the way down with the bars staying red and then we had the blue bars come in at the low to tell us to exit our long.

Not only will the blue bars tell you where to exit but if you missed the short trade and just turned on your charts and see we are at a blue bars extreme you will know instantly to NOT short that level.

It is you knowing what NOT TO DO first because then knowing what TO DO comes much MUCH easier in realtime. Yes, these charts are after the fact but if you have our package you will see all of this in real time. Once the bars turn red or green they will stay that color forever so have confidence that what you see is what you get with our methods and tools.

Getting odds on your side is what we teach and once you learn it all you have to do is repeat it over and over again and get all the confusion off the chart and out of your mind!

Happy Trading,

http://www.eminischool.com/

Forex! GBP/USD

4/14/2010

After last night's post we have had many trader's responding to see more of the Forex charts. So today I want to point out the 30 min GBP/USD chart. There is allot to note on this chart.

1. From the low at the left of the chart you can see we had blue bars and the indicator was low meaning bigger than normal move is about to start. From there the GBP/USD had a 208 Pip run and you can see we had 2 minor buy signals within the larger buy signal. This is a easy way to stay with the trend and using our methods you will always have a second opportunity entry which is the minor signals within the larger signal.

2. Once we peaked we know the market is most likely going to have a pull back or a "retrace" to the last move which was up. So you can see we have a sell signal which is the 2nd set of red bars and from there we fell over 100 Pips!
Note: this would be considered a counter trend trade so we would trade less money on this trade compared to the trend trade which was up.

3. From there we had a buy signal which is the 2nd set of green bars and we had a 90 Pip Pop!

4. From that high we had a pullback which is counter trend and in a minor wave pull back we skip that trade and wait for the bigger trend which was up to kick back in.

5. Once the up trend kicked back in we had a green bar and blue bars telling us a bigger than normal move is about to occur. And following the trade we also had a minor buy signal within the larger buy signal like on the previous wave up and that long has a 100 Pip move!

The thing to note on this chart is not how much money you can make using our methods and tools but look at how big the stops were compared to the profit potentail. This is the only method to get a risk of 1 for a reward of 30 and sometimes even bigger than that!

No matter what you trade you must look at the risk first to then determine how much money you want to use to participate in the move. You should always trade within your comfort zone and scale out of the trade to try and hold to the targets for maximuim returns for the risk you are taking.

No matter if you are trading Forex, Options, Stocks or futures the rules are all the same and we teach you how to get the answers before hand so all you must do is wait for the entry and manage the trade. Get all the confusion out of your mind beforehand so in real time you can be calm and trade the chart not your guy feelings!

Happy Trading,
www.eMiniSchool.com

FOREX Trading!

4/12/2010

Attention Forex Trader!

Although our site name is www.eMiniSchool.com are methods and tools works on anything that is chartable meaning; Stocks, Futures, Commodities, Forex and Bonds. We teach overall market approach then give you the tools to pinpoint the entry with the least amount of risk. What we teach is more than just a "magical indicator". Most indicators are worthless if you are trying to buy and sell off of a standard MACD or RSI---Forget it ---it doesn't work. Have you ever head of someone making money using a 12,26,9 MACD? NO! Because it will still give you trades that are counter trend. It is you knowing it is counter trend then you trade accordingly to the counter trend trade rules meaning; should you trade the same amount of shares or contract per trade? NO! if you take a coutner trend trade you must know it is counter trend and use less contracts and be more agressive with your stop!

Here is a 30 chart of the EUR/ JPY and you can see the blue bars at the left of the chart caught the start to that big move up then we had a ABC standard correction then it fired off a short signal but that was a counter trend short so we would trade less money on that short. From there we fall into the Kill Zone and we get a nice long signal with small risk then within the larger buy signal we get a minor buy signal where you can add to the winning trade YES add to the winning trade (this is key). From there we extned up once again for wave 2 then we get a minor re trace then we get yet another long signal in our 1-2-3 trading method.

From the first long signal at 121.60 we extend up to the 125.00 level! But lets not just look at how much money you could have made on this trade (that is old news) what i want you to look at is the risk on the trades. And ask yourself if you have these indicators and learned our proven methods "would you go AGAINST these signals?" That is the key.

When we first build all of this is was to tell us what NOT to do first. If you can learn what not to do first then learning what TO DO comes much easier and you will learn what TO DO much faster.

If you would like to see a specific chart email us at trade@eminischool.com or email us and set up a appointment to learn more about what we do and how we approach the markets.

Happy Trading,

www.eMiniSchool.com

We will post more Forex charts tomorrow!

1.25 risk for 9 points!

April 8th,2010
Hello Traders,
Today we had a very nice scalper long and since most of our posts are on the bigger outlook and the 3 or 10 min charts i wanted to share the scalper chart with you today.

The Turbo Scalper method is very straight foward we ONLY scalp in the direction of the 3 and 10 min charts so we have the trend on our side. There is 3 confirmation on the scalper entry chart adn we also use the bigger time frames to confirm for even more confidence.

This trade we had a 1.25 point stop and the ES ran for 9.00 points! That is what we are wanting to see is the tight stop then we use our targets off the 3 adn 10 min or we just use the scalper +2 +4 +6 point rules. YES those are points not tick!

Even though we call this method Turbo Scalping we are NOT scalping for ticks and neither should you. I have never seen someone make consistant money scalping for ticks, Have you?

If you would like to set up an appointment to see our charts in real-time simply email us at trade@eminischool.com or send us a email and we will send you any chart you wish to see.

Happy Trading,
www.eMiniSchool.com