Friday, December 31, 2010

What we cover in our course

Continuous market outlook

2nd session outlook

Fib Retrace

Fib Extend

Fib Time

Multiple Symbol Fib

Forward fibs

Reverse Fibs

Multiple Time Frame Fibs

Hidden Support and Resistance (these are much more important than obvious support and resistance)

How to calculate the 1-2-3 pattern (this is not the 123 top pattern)

Ghost Trade

Continuation Trade (Stay on the right side of the market)

Correction Trade (we do not trade this on all time frames, it is very specific)

Complex Correction (99% of traders trade this in the wrong direction. This is the trade where you always think you were just early)

Waves Within Waves

Minor & Major Waves Highs and Lows

Market Symmetry

Structures to look for and what to do off it

Sucker Trades (This is where most people are trading but it is wrong)

How to confirm using multiple markets (This is very important for day trading)

How to slow the markets down and make them makes sense

How to Turbo Scalp inside the bigger direction for the highest odds

How to trade the 10 and 3 minute inside the 60 minute (Extremely important)

Learn how to know when the trend has changed (Stop trying to pick the top and bottom on a small chart)

How and when to play gaps without emotions (very few gaps should be traded)

Best time of day to trade

Best days to trade

Which symbols are best to scalp or day trade

How to break down each symbol into a scalper chart (not all symbols can be broken down the same way)


Happy Trading,

www.eMiniSchool.com

Tuesday, December 28, 2010

Patterns Complete



Dec 28th, 2010

This is a follow up video from yesterday. We had a outlook and that outlook is what happened today. This is the value of knowing how to get the outlook and we do a video each night to our members with our outlook and we break that down into specifics.

Knowing the after patterns complete the market goes into a transition period before the next pattern occurs is very valuable and most traders are over trading the transition period. These are the thoughts of "I hope it continues higher" or " It has came up so far it HAS to come back down".

In reality those are just thoughts to something bigger than your thoughts which are the patterns. It is one thing to think something it is another to place a bet on it. If you feel like you are hoping more than trading it is best to slow down and learn more before taking the next trade with real money.

Happy Trading,
www.eMiniSchool.com

Monday, December 27, 2010

Pattern Video



Dec 27th, 2010

This is a quick video following up from the pattern repeat post. The first step is knowing the patterns but the second step is to understand how one pattern leads into the next pattern. It is really the only way to build confidence in each pattern.

It is not as simple as just going back on your charts for the last 3 months to find this one pattern on a 3 minute chart it is actually much more than that. It is knowing that the highs going into this pattern give odds on the pattern in the video meaning; if there are high odds that we are at a important high that gives us more confidence that we do go down after we hit the first X with the ??? marks on it inside the video.

One leg give odds on the next leg and without knowing the odds on the high you will most likely trade in the chop or the "Mid Pattern".

Some traders think that every minute in the market is like the next meaning that no matter where you are at in the pattern a trade should be taken and that is not the case. Yes, you can hit the buy/sell button anytime during the day but if you want to trade with odds or a reason behind the buy and sells then not everywhere should be traded.

Even if you are just a scalper just think how valuable knowing the bigger pattern is?? Maybe your scalper chart says to go long right at the 10 minute resistance (it most always will) the value is you knowing that the 10 minute is more relevant that the scalper and to skip that long trade.

The trades that are skipped can be the difference of you having a profitable day or a losing day.

Happy Trading,
www.eMiniSchool.com

Monday, December 20, 2010

Major High, Minor Low



Dec 20th , 2010

Today the TF hit our upper target. It actually went through it 6-7 ticks which is always a good thing if you are long up to the targets. The high today was a 10 minute completion area and after that high we had a 3 minute correction.

Going into tomorrow we will wait to see if there is a rejection of the support pattern to turn into a bigger correction. We do not try to pick tops but we do have a scalp set up that you can use if you are aggressive.

All support patters start as minor that could turn into major. It is important to know what to look for in each step of the pattern or else the pattern is worthless. This is why some get it and some do not meaning; some traders try to simplify everything and do not go the extra step. It is actually the extra step that is what makes it make sense! Without knowing each step you are really gambling. Do you agree?

We do not know everything and we hope we do not come across like some that think they know everything. We know what we do and how we trade and how we trade is a confirmed method that is pattern first and indicators second to confirm the pattern.

We did a 3 hour Webinar today for our members and this is recorded so all new members can see exactly how we broke down today and why.

Join before Jan 1st and receive our nightly videos package for free! This is a $100.00 per month value and when Jan1st is here the offer is off the table no questions asked.

Happy Trading,
www.eMiniSchool.com

Saturday, December 18, 2010

Trying to pick the top?

Dec 18th, 2010

Have you been trying to pick the top of this market?

It is human nature to try to pick tops and bottoms in the markets. Most all humans are reactive meaning; they wait for something to happen then try to find the solution. With the markets this is where you wait for the 10 point move up and then you try to pick the top of that move with the thinking of "It went up so far it HAS to come back down??" (Notice the question marks there because you are never sure so it is really a question isn't it?

The problem with that type of thinking in the markets is that thinking is most likely a counter- trend thought because the move is going up so you really should be buying. Those emotions that tell you to try to pick the top of bottom are the same emotions as when you are sitting at the black-jack table thinking if you should bet $10.00 or $100.00 on the next hand. Sometimes you will get lucky and that $100.00 bet will pay off but if you sit there and continually bet that $100.00 you will lose it. We all know that trading is not gambling if you really know how to trade.

In reality you cannot wait for a big move and then expect the same type of move in the opposite direction two minutes later it does not work that way. So if you are trading with the "I hope it does this" or "It has to do this because I say so" type thinking you will most likely be a frustrated trader.

I can say these things with absolute confidence because I have been where you are right now. Trading did not come easy to me it took many MANY years for me to be able to have confidence in myself and what I am seeing on the charts. I spend the time and lost hard earned money for years and years before I became successful with my trading.

** I get off subject so back to the topic of this post***

Looking at the chart in this post you can see that there are many tops and some are minor and some are major. Tops are part of trading but there are different levels of importance to each top in the trend. In real-time it will look like every top is major unless you understand where the major targets are beforehand meaning; if the market has not completed to the target off the last major wave it is most likely not at a major top. We consider the tops that are not at major targets to be minor highs within the larger pattern. How does this help you??????

It will help you in more ways than I can post in this article but the main reason for this article is if we are not at a major top you can have confidence that the prior top will be broken. So how does it help in real-time? So many ways but the main thing is that after the top the market will go down to correct the last wave up so in that correction you are still thinking long and you will not get sucked in short because your mind is telling you we just hit a top. Think about it after the price falls off of a any top the thought that the prior high might be the absolute high or the "high for the next year" or whatever your thought might be.

Think if you had confidence to look for support to buy with the trend instead of fighting with yourself if the last high was the high or not. To the next point..........

Upper targets are levels to look to exit your long and take a break and look to re-enter at a better price. Levels are very important but with the markets there is always the next step because the chart keeps going doesn't it? Yes and this is why the next point is so important.

Once a target is hit it is what the market does AFTER the target is what is most important. This is the education that after a leg is complete you know what the next step of the process is going to be meaning; one pattern is complete now you know what to look for as the market flows into the next pattern. This is important in two ways:

1. The pattern after the last high will tell you if support is holding or breaking. If it is holding and they are bullish corrections then the market will start a new leg in the trend direction.

2. If the bullish pattern fails it will start a new bearish pattern.

It is important to know that at almost every top there will be a bullish pattern EVEN if that is really the top. It is the bullish pattern that fails and when it fails it is still just the very start of the bearish pattern and this is why you should not try to pick the exact top because you will have to sit through the bullish pattern that fails. It will still push up before it goes down and this is where it is best to sit on the sidelines because you will most likely get stopped anyways.

Back to the chart. Look at how many bullish corrections have happened on the 135 min chart in the last 3 months. At every minor top everyone gets scared it is the top so they stop going long (and miss the next move) or worse they convince themselves it is the top for no real reason and short against the up-trend (and miss the next move).

Notice how there are small circles and bigger circles. These are the major and minor waves we are talking about. We have noted every support or bullish correction to all of our members the day or even days before it actually happened. This way our members have a plan and understand that those pullbacks are levels to buy and not get sucked in short........

Happy Trading,
www.eMiniSchool.com


Friday, December 17, 2010

Patterns Repeat

Dec 17th, 2010

It has been a few days since our last post. We have been extremely busy but we wanted to take a minute to show how patterns repeat themselves over and over. It is important to understand that there are different degrees of the patterns and this is a great example of just that.

How we labeled it is not important meaning; the 1-8 is just a reference point to look at on the chart it is not a specific 1-8 pattern. We could have labeled it 10-18 it does not matter. Also this is not a Elliott Wave label.

In looking at the chart you can start at the left hand side where it says "Start of pattern" in blue. The 778.00 high was actually a target off the last wave but for this example just know it is a important high so we are looking for a correction. We went over that high live in our members Webinar. From that high we came down to make 1 then up to make 2 and so on to get to the "middle of the pattern". It is important to know that we have a way that we actually calculate each minor wave within what is labeled on this chart. It is also important to know on each leg or step of the pattern we also have a way to know where the next leg has the highest odds of completing.

We are predicting in a way that makes since and a way that we can repeat the thought every time on every leg. For this post it is too complex to try to explain each step so we just labeled the bigger waves.

Our target for the "middle of the pattern" was 766.00 and we had this number when the TF was at the 775 level. Just like we had 768.00 for wave 3 completion. These targets were only ticks off and we had them hours if not a day before they were hit. ALL of these videos are archived so all new members can go back and watch them. Anyone can say they have targets after the fact but we save all videos that are made prior to the targets so we cannot lie. Also these levels were called live through our IM intra-day alerts.

So as we follow the 1-8 on the first pattern you will see we get to the top of 8 where that is the end of pattern 1. Remember there were probably true patterns inside the bigger pattern which is 1-8 so you can gain odds on every leg before it even gets to that level.

The main thing we are trying to point in this article is see how at the top of 8 we start the process over with a new 1-8. If you look the second 1-8 looks exactly like the first 1-8 pattern except it is on a smaller degree that the first 1-8 pattern. Really look at the chart and you will see how it is almost identical.

Just like on the first 1-8 the second 1-8 was also calculated to the tick on most every turning point. Just like the first wave 5 the second wave 5 was hit within two ticks. That level is where most people are looking to short and we are looking to go long because it is support and the whole 1-8 is a bullish correction. Yes, the market can go down and it is still bullish that is what makes the higher lows.

This chart might seem complex to you now and maybe that is because patterns are new to you or maybe because you really do not know what to look for on each leg to confirm the last leg. It is a process to break down the market but it is absolutely necessary if you want to understand which direction you should be trading.

Things that look complex are only complex if you do not know what you are looking for. I know to some looking at this they might think this is over your head or how can anyone see this is real-time? The truth is it is actually easier than you think. Members that have only been with us two weeks could see this pattern before it was completed. Again, it is knowing what to look for and stepping back to see the bigger picture.

Some might say this is meaningless but it is actually the 100% opposite of meaningless this is how you make money in the markets. What if you knew wave 5 was support? Or that wave 2 was resistance? Or that wave 6-7-8 should be bought NOT shorted? Oh yea and the top of 8 on both patterns were almost the exact upper target to stop going long. Don't believe us? I get it there is a lot of BS out there but this is why we save our videos and we can not write something that is not the truth or we would be called out on it very quickly.

The point of this article is not to say you should have seen this because maybe you do not see the bigger pattern or do not know what to even look for. The point is to show you how patterns are very important to your trading and it is worth your time to learn them. Learn them from us or someone else the choice is yours but know that we have been trading for 15 years and we see that 95% of educators teach the pattern wrong because they are trading it wrong.

We are not bashing anyone because for how they trade maybe it works but for the way we trade we have a specific way to look at it and understand each step in the process. It is also important to say that we use bigger charts so we know the direction these patterns should be traded meaning; throughout both of these patterns we know we should really only be going long and all shorts are counter trend. You can trade it counter trend but it is important to know that you should look to cover the trade quicker before the targets are hit and trade less contracts.

Have a nice weekend,
www.eMiniSchool.com



Wednesday, December 8, 2010

What members are saying

Dec 8th, 2010

It feels good when we get positive feedback for our members. These are traders that have been where you might be right now in your trading journey. They found value in what we offer and joined our group. It does take a little faith in joining anything on the internet because who am I right? Maybe we are just another BS website that claims everything good or just some fly by night type of operation. I get it , I see them all the time.

We have been trading for over 15 years (25 years combined) and we have had our site for many years and we are just getting started. As we grow so will the opportunities for our members. We include them in everything we do.

We do not fall into that category that is why we try to update our blog every day and give value where we can to the free members. Below is what our paid members have been saying the last few days.........



" In the last 3 days I am up over 23.00 TF points using the volume charts on the scalper. I have been trading for 10 years and thought I knew what I was doing now looking back I did not have a clue. I know some of the trades have been counter trend but like you said it is ok if i know it is counter trend. Thanks for always taking the time to respond to my questions and your response are always detailed and that helps me"

Member CD.

" The live Webinar today turned the lights on for me. I appreciate you doing these Webinars and spending the time needed to really pound it into my head to watch the bigger time frames. I didn't say anything in the room but I made 4.7 when you were telling us the pattern. Thank you"

Member BT

" I cannot believe you are not charing for the nightly videos. I almost feel like I should send you more money for everything you have done for me. If you do start to charge I will not complain, it is well worth it"

Member TF


If you are a serious trader it is time to get the true market education and be our next testimonial. It is more than just putting in the time. It is you putting in the time on the right things with your trading.

All our member Webinars are recorded for all of our new members along with over 250 nightly videos PLUS over 30 videos and hundreds of pages or trading articles for the core.

Happy Trading,

www.eMiniSchool.com

Monday, December 6, 2010

Trading Journey Part 2

Stage #4

As time has passed from stage #3 you start telling yourself that if you trade again you will do everything different and that you will not take trades against the trend and you will obey your stops this time. Since some time has passed from stage #3 you are starting to become positive on the markets again and the negative thoughts are starting to turn into thoughts of you can do it if you just had some rules. (this is where it gets dangerous)

You might go on some free education sites and you start to learn every method you can in hopes to find the one that is right for you. You are still looking for the magical indicators but you have a different view on the markets because you have told yourself you will follow the rules. It is important to know that most trading rules are not good and most methods are not good but you will most likely try to learn them all thinking the more you know the better off you will be.

In reality what is actually happening in this stage is you are building bad habits and you are building confidence in the “main stream” way of trading which does not work. You will learn a lot in this stage but most of it will end up to be things you should not do but when you are in this stage you are told these are things to do. This is where the danger lies.

Your charts will have too many things on them at once and you will most likely use too many time frames. In reality you are adding more confusion into the charts and into your thought process. One day you might use one method and the next day you use a completely different method. This is very dangerous because you might be over analyzing the markets thinking there is a perfect set up that works in all market conditions.

In this stage you eventually find out that standard indicators have very low value but you still use them because you have no other way to look at the markets. You are now trying to predict if the indicator will be right this time. Most likely you will have very low confidence and still feel like you are gambling.

The result:

You are too confident because of thoughts you tell yourself about how “this time I will do it right” but you are still learning things that do not work because you do not understand the condition of the market or even the direction at this point. You are thinking that in using 3 standard indicators on your chart you have a edge but in reality everyone has those indicators and for the most part standard indicators will harm you more than help you.

Putting too much value on things that have low value is dangerous for your long term education because you are building bad habits that in later stages will have to be broken. Usually this stage is longer than stage 1-3 combined because you are constantly searching for new things to add into your current methods. In flip-flopping thoughts and methods you will actually add more confusion at the end of the day. At this point there is still nothing consistent with the way you look at the markets.

Stage #5

After being in stage #4 for an extended period of time (2-4 years) you might see someone predict the markets on a bigger level or you join a live webinar where you see something that opens your mind to something new. This is where someone predicts the market on a bigger scale than you have ever seen. Maybe it is a 10 point move or maybe a 40 point move over four days. You see the predication come true and the light goes off that inside of that move all the indicators you are using told you to do the opposite of the prediction meaning; you would have actually went against the prediction and lost money using the standard indicators.

Along the way maybe someone says something in a different way than you have ever heard before and you start to realize that what you are doing is not really trading but more gambling on what the market will do for the next 2 points.

You will see the value but you will not buy into the fact that anyone can actually predict the markets or have a true trading edge because of your personal journey up to this point. Maybe the guy that predicted the market was lucky. Since you have bought education and indicators in the past you are not about to join another group because it is a waste of money but you will continue to lose money trading. You will always think back to the time when you saw the prediction come true and even though you will not buy into it, it will still be in your mind especially when you have losing days.

In all the stages up to this point you are most likely trading counter trend and trying to pick tops and bottoms on a small time frame. These methods are the “easy” systems all over the internet.

The result:

You are starting to see how others trade and look at the markets and you are starting to realize that what you are doing is not trading, it is gambling. You have learned a lot in this stage but the methods you are learning are methods that should not be used and they will not be used in later stages of your trading journey you just don’t know that yet.

In all the stages up to this point you are trying to manipulate the markets for your own risk and emotions but you will learn that you must trade the market for what it is. You are just a participant in the markets not the creator of the markets and you cannot manipulate it for what you want. It is better to flow with the markets and not try to fight it or over think it.

Stage #6

At this point you know you need to get a true market education but you are not ready to commit to something because you might fail and it might feel better to stick with what you are currently doing even though you know it is not working. You are taking trading more seriously but you still do not know the questions to ask yourself and you still do not have a method which leads to low confidence.

This stage is actually a good stage because now you are searching for different things with your education. You have most likely unsubscribed from all the BS email lists and you are now starting to see that not every website that teaches the markets are the same. You also understand that trading is not gambling because you have been humbled a few times. While you still might think that trading is very hard you now see it is not impossible if you really take took it seriously and dedicated money and time to learn how the market really works.

At this point you are most likely looking at three – four different more complex methods. It is hard at this stage to make the right decision on which group to join because you are advancing to a higher level than before and you are not sure which style is right for you. This is normal and there is no right answer and this is why at this stage you will still have to go through a few courses before you know what fits your emotions the best. You will most likely go with the course that promises the most but you are a smarter trader at this point so you will not just jump in. It is best to take your time and see multiple examples in video and text so you know it is right for you.

Side note: if the method looks even 10% counter trend skip it. It is important at this stage to not fall back into the methods of stage 1-5. It is best to continue forward with more complex methods that trade with the trend. By default if you understand how to trade with the trend you will understand how to trade counter trend.

The result:

You are now on the right path but you are new to this level of thinking so you will not be a changed trader over night it still takes time. It is very important to not fall back into the hype of the markets at this stage and push forward and remove all the standard indicators off your charts and learn the patterns of the markets. This stage is going to be important on so many levels but the main thing to walk away with is that in this stage your job is to break the bad habits from stages 1-5 and stay focused to the new level you achieved.

If you can stay with it you will be on your way to being a trader. Not only a trader but a better trader than the person teaching the courses you have bought up to this point. The things you have learned in the first courses now seem crazy to you and that is because they are!

We will continue with stage 7-10 on the next post.

Happy Trading,

www.eMiniSchool.com

Saturday, December 4, 2010

Trading Journey Part 1

Stage #1

This is the beginning stage where you might have been told that trading is easy and all you really need to know is prior highs and lows. You might start out with a small account after sim trading you soon realize that real money trading is completely different than sim trading because you actually have to acknowledge the loss.

The result:

Your emotions consume you and you close the account with a negative outcome. You acknowledge at this point that trading is not as easy as trading obvious highs and lows especially on a small time frame chart. What you thought was easy, turned out to be a different story and although you might have learned a few things you are still at the very start of your trading career if you continue forward.

Stage #2

Before you try to trade again you search for something to give you a trading edge but since you are still very new in the process you are searching for the wrong things. You might be searching for a magical indicator that will tell you when to buy and sell but you will most likely fall into the trap of someone hyping the markets because you are still new. It is easy for a newer trader to fall into the hype of someone selling the dream of trading and not the true education that is needed. You are still new so you are not ready to commit to buying something that seems expensive for your trading education.

It is not really your fault at this stage to fall for the hype because like I said you do not know the right questions to even ask yourself with your trading so some things will look to complex for this stage so you will most likely go for the easy looking methods.

Because of losing money is stage #1 you want a method that has very tight stops because you will most likely have a smaller account in stage #2 because you have already lost money. The methods that most people learn in stage #2 will not be something that you will use further along in your trading career but for stage #2 they will seem really good and advanced.

In having a small stop you are still in the gambling stage and having small stops means your profit rewards are also very small. Overall you will still have a very narrow view on the markets and you will still have very low confidence because the methods only work 20% of the time and that is if you take every trade but since you have already lost you are hesitant to take the trades so you will cherry pick the methods and ultimately revert back to stage #1 thinking.

The result:

You have learned more but you are still at the start of your career and you are learning more what does not work instead of learning what actually does work. Even though you are at stage #2 your mindset is still looking for something easy but you are starting to realize that there is more to trading that “easy scalping methods”. You might feel as though you wasted money on the system you bought but in reality it is not a waste because you learn quickly to not use those methods and in the long run that will actually save you money.

Stage #3

You start to feel like no one can make money in the markets and it is impossible and anyone that says they have a way to help you make money is lying. It is important to know that everyone’s trading journey is different and just because you do something does not mean that everyone has bought what you have bought and not everyone has the same mindset. While I agree there is a lot of BS out there with trading it is important to not lump everyone into the same category because in reality you are only doing yourself an injustice in thinking this way if you want to be a real trader.

With trading you are your own worst enemy and it is easy to join the negative thinking camp and throw a pity party but who does that really benefit? No one.

No one forces you to make the decisions you make or to even trade. Trading is like no other career in the fact you do not have employees to blame or push responsibilities onto others. To really understand the markets you must be honest with yourself and know that it takes time to really learn how to read the charts and understand you own emotions. Some people do not want to take the time to really learn and rather trade too soon and blame others but at the end of the day it only hurts you not anyone else.

The result:

No one can trade and everyone is a liar and since your trading journey has been what it has been everyone’s has been just like it. Maybe you go on some forums and join the negative thinking and you are in the “prove it” mindset.

It is important to know that everyone struggles with the markets when they are trying to find themselves and how they fit into the markets but we hope that you can get out of this stage and continue on with a positive mindset because if you stick with it you can benefit. Yes, maybe it will not be instant and maybe it will take hard work and more time than you want to put in but you can make it pass this stage.

Final Note for now:

All traders have to go through their own trading journey and learning how to trade is something unlike anything else you will do. The things you learn in these stages you will most likely never use in the later stages they are more to see if you can stay in the game long enough to get to the point to understand what you need to learn. Each stage is valuable in the process but it is you pushing forward to get to the next stage.

While it is easy to fall for the hype of the markets the hype will not make you money. With anything in life it is the education that builds the knowledge but if you are not at a stage to accept the education it will not be of value. Like anything in life if you do not want to learn how to do something why bother trying to learn it? You cannot trade half-ass in hopes to hit it big on luck. While luck might help you on a few trades you cannot build the confidence needed with luck.

Before you can learn the answers to your questions you need to know the right questions. To know the right questions you have to go through the stages like anything in life.

We will continue this in a later post.

Happy Trading,

www.eMiniSchool.com

Wednesday, December 1, 2010

Video Update



Dec 1st, 2010

This is a follow up video from the last video posted on this blog.

The ES and NQ still have a few more resistances levels to get through before the TF can hit our 750.00 target. The targets from the last video are from the 60 minute chart so it can take days if not weeks for the pattern to complete. In getting the bigger targets we know which direction has the highest odds intra day so we do not try to pick a top too soon or trade counter trend.

Patterns are the only predictive tool in the markets in our opinion. It is not only knowing one or two patterns it is knowing how the smaller patterns react inside the bigger pattern. This is what we focus on in our course every day.

Do not let a small time frame sucker you in to thinking the trend is changing. Small time frames are too small to turn the bigger time frames. It is always best to trade the pattern direction until it is really broken.

Happy Trading,
www.eMiniSchool.com