Monday, August 29, 2011
Wednesday, August 3, 2011
Market Symmetry
Aug 3rd, 2011
Monday, August 1, 2011
Important Symmetry Update
August 1, 2011
Saturday, July 30, 2011
AAPL Timing Video
July 30,2011
Thursday, July 21, 2011
Option Update
July 21, 2011
Wednesday, July 20, 2011
Fib Time Video
July 20th, 2011
Saturday, July 9, 2011
Another Fib Timing Video
July 9, 2011
Thursday, July 7, 2011
NQ + DOW Bigger Outlook
July 7, 2011
Tuesday, July 5, 2011
ISRG,CMG,AMZN Options
July 5th, 2011
Thursday, June 30, 2011
Huge Option Gains!
June 30, 2011
Monday, June 27, 2011
Scalper Video
June 27, 2011
Sunday, June 26, 2011
NQ Turbo Scalper- Multiple Time Frames
June 26, 2011
Saturday, June 25, 2011
CL Pattern
Thursday, June 23, 2011
Scalping the NQ's
June 23, 2011
Tuesday, June 21, 2011
TF and NQ Turbo Scalper
June 21, 2911
Tuesday, June 14, 2011
AAPL Weekly Calls 60% today
June 14th , 2011
Monday, June 6, 2011
AAPL follow up video
Sunday, June 5, 2011
Fib Time
June 5th, 2011
Monday, May 30, 2011
AAPL 340 weekly Calls
May 30th, 2011
We are also watching AAPL for the 340 weekly calls. Friday these calls closed at $1.45 and if AAPL breaks above the $338.00 we see AAPL going to $348.00 this week. You can play it tight with a stop at $334.00 on the stock or give it more room down to $330.00.
The way we look at weekly options is we are risking 100% of the premium to get our profits. We are most always going for more than 100% so even risking all the premium our risk to reward is still favorable. Risking the whole option might sound risky or crazy to you but if you trade the correct amount of contracts it makes sense.
Let me explain: If you bought AAPL stock right now at $337.40 and had a stop at $334.00 you would be risking $3.40 per share. If you bought 1000 shares that would be a risk of $3,400. If you bought 10 call options at $1.45 your max risk is only $1,450. Which has less money risk $3,400 or $1,450?
So going into the trade knowing that weekly options are higher risk and we could lose 100% of the premium it is important to trade the same amount of options as you would shares of the stock. Just because options might seem cheap they are not. Options like futures are leveraged and if done properly the leverage can be your friend not your enemy.
Losing 100% of your option premium is like taking 100% of your stop loss but in this example even if you lost 100% of the option premium it is only like taking 40% of your stop loss using the option.
AAPL has yellow bars on the 60 minute chart and that means that a bigger than normal move is about to happen. The bigger pattern is still up and if AAPL breaks above the $338.0 the odds favor a move to the upside.
Of course offering the picks before the market is open has its downside because the market could gap down but nevertheless AAPL is one to watch this week!
Happy Trading,
www.eMiniSchool.com
BIDU Weekly 140 Calls
May 30th, 2011Market Symmetry
Thursday, May 26, 2011
Sell NFLX Calls 630%
May 26, 2011Wednesday, May 25, 2011
NFLX Calls 500%
May 25, 2011Sunday, May 22, 2011
AAPL Update
Saturday, May 21, 2011
Core thoughts compared to variable thoughts
May 21st, 2011
Core thoughts compared to variable thoughts:
Your core thought process in trading is the most important part of your trading. These are the thoughts that you do not even need to think about. Just like when you see a red traffic light your foot automatically lifts off the gas pedal and goes over to the brake pedal. This is one of your core thoughts of driving.
Your core thoughts should be visual on your charts as well as being embedded in your mind.
Core thoughts:
*The clear direction you should be trading.
*Where your stop is located
*Exit strategy based on which type of signal
Variable thoughts:
Just because you know the direction of the market does not guarantee you will make money. This is why we teach how to read the condition of the market and how to know if the market is in minor or major waves. Most traders get stopped on the minor wave before the trade even had a chance.
Variable thoughts are what need to be fined tune over time. Our course digs deep into the variables of the markets. You think just because you know what an ABC pattern looks like you will make money every time the ABC happens? The question is not “Is this an ABC?” the question is what happens after the ABC?. Where is pattern completion? Where are the odds on the bigger time frame?
What is the odds of the ABC completing or failing? Did you know that there are just as many patterns that fail that complete?
Is this wave #2 high or B high short? The only way to answer this is to know what to look for off an A low and without understanding the core thoughts the variable thoughts will always seem random. Why did the ABC work this time? Why did it fail?
Most traders will benefit more learning the variables because once you understand the variables the core is automatic. We tell all of our members too look deeper into each thought and go with the thoughts into stage 3 and 4 and not get hung up on the 1st more obvious questions.
The variable thoughts and methods are how you make money. The obvious core thoughts are just that obvious. Think back on your trading and ask yourself. “When I went long a breakout at an obvious high was it a easy trade to hold? Did I make money on it? Did I hold the trade long enough to make the true risk of the trade worth it?
Variable odds give you a way to flow with the market so you are not fighting it.
Variables are:
*Patterns
*Multiple Time Frame Patterns
*Failure of patterns
*What pattern has the highest odds of occurring after the current pattern completes
*What the chart should look like the night before
On average most traders still say that even when they make money it still feels random to them. Think about that for a minute .How crazy does that sound?
Happy Trading,
www.eMiniSchool.com
Wednesday, May 18, 2011
AAPL & NFLX
May 18th, 2011Sunday, May 15, 2011
AAPL, ISRG, CMG, AGQ-Silver-
May 15th, 2011
Saturday, May 14, 2011
AAPL Daily Chart
Friday, May 13, 2011
Blue bar highs and lows.
May 13th, 2011Wednesday, May 11, 2011
TF Scalper +8 points
Tuesday, May 10, 2011
ISRG and CMG
May 10th, 2011Sunday, May 8, 2011
TF Scalper
Thursday, May 5, 2011
TF Scalper +23.4 points
May 5th, 2011Monday, May 2, 2011
PCLN Move Stop +25 up $41
May 2nd, 2011Sunday, May 1, 2011
AAPL & PCLN
May 1st, 2011Sunday, April 24, 2011
PCLN follow up
April 24th. 2011Wednesday, April 20, 2011
Blue bars + Scalper
Monday, April 18, 2011
Multiple Time Frame Video
There are many ways traders use multiple time frames for their trading. I am not saying one is better than the other but in my 16 years of trading I have learned a way that works for me and our members. Our indicators are there to confirm the patterns we trade. Within each pattern there are multiple levels (or legs) that we calculate.
With patterns it is not as easy as just having a picture printed out next to your computer and just waiting for the chart to look the same. Patterns are only the start of what is about to happen and there are different things that happen after different patterns. Knowing what comes next after the pattern is actually more important that just finding the pattern.
What comes next after the buy or sell of the pattern can tell you if the next pattern will complete.
Example: Take a simple ABC correction. What do you do after you buy C? What patterns are you now looking for after you are in the trade to tell you if the next pattern will complete?
We call it flowing with the market and to flow with the market it is crucial you have odds on what pattern comes next and what to look for in each leg after the last pattern to tell you if the last pattern was true or false.
If you are in a long trade but the long patterns are becoming false you do not want to just hold the trade and get stopped out. Before you can understand what is true or false you have to have the understanding and the core thought to tell you what is happening.
Many traders skip the most important steps because they are just looking for the fastest way to get to the end result. In our opinion that is why most traders fail but that can change if you start learning more of the “why things are happening” not just searching for the result with only one thought, trading obvious levels.
Once you learn the core thoughts then apply it to multiple time frames and you will start seeing more of the “Why” things are happening and you can start building confidence to then take action when you see the trades line up. Not only take the better trades but you will have the confidence to actually hold them!
Happy Trading,
Sunday, April 17, 2011
PCLN going to $590.00
Thursday, April 14, 2011
TF and ES
Sunday, April 10, 2011
TF & NQ
Friday, April 8, 2011
GS Calls! 77%
April 8th,Saturday, April 2, 2011
814.50 was not take out
Monday, March 28, 2011
TF Daily Level.. 814.50
March 28th. 2011Friday, March 25, 2011
Almost there??
March 25th. 2011Thursday, March 24, 2011
Spike after hours
Is this the top?
March 24th, 2011Tuesday, March 22, 2011
Bigger Picture Update #3
Saturday, March 19, 2011
Big Picture Update #2
March 19th, 2011
For the market to have healthy waves we need the market to correct. A correction in a bullish trend is a bullish pattern even though the price is going down. As long as the price is contained in the support zones it is normal and healthy for the market to go down in up-trends. This is why we teach to buy in the correction because in doing this you will get the most profit opportunity back to the new high.
When you are looking at a daily chart and the price is going up by nature we want to do the opposite which is short. Most people short to soon because they miss the entry to go long so they are stuck flat and since they missed the long the only thing to do is try to pick the top and go short. We need these people to go short to soon so they have to cover their shorts to push the market higher. When the price is going higher it is not just because people are buying as a bullish bet it is also people buying to cover their bearish bets that were placed too soon.
*New bullish legs are almost always started with a short squeeze.
Take for example the Nov 2010 correction. Everyone was saying that the 1227 high was going to be the high for many years. The result of what happened was only a bullish correction of the 1227 high. The pullback to the 1175 was bullish even though the price was going down.
Where is the short squeeze? See how we made a high at the 1200 on 11/18/2010 and went down from that level? From the low it made on 11/29/2011 the price went back up and broke the 1200 and you can see how out of all the bars in the correction the one that went up to break the 1200 was the biggest bar. It is much bigger than the bars coming down off the 1227 high isn’t it? It was that bar that broke the 1200 level that short squeezed to start the new leg up for 150 points.
*This also happened on 2/11/2011
You might look at this chart and say that this is obvious but in real-time you need to know what to look for as the corrections are building from one leg to the next so you have odds for the next big move.
It is important to go up a time frame and maybe even two time frames to get the bigger picture. In doing this we are expanding our views so we can get better odds of what is going on around us. Too often we talk to traders and they are doing this the opposite way and trying to go down time frames because they think the risk is smaller on the smaller time frames. In reality the risk is smaller but your odds of getting stopped are much higher. The end result of that is most traders take small losses but they talk a LOT of them to result in the same overall loss they would have no matter which time frame they are trading.
**Do not try to manipulate the market for what you want. The market knows when you try to do that and will stop you out every time even if you are right on the bigger move. It is important to really acknowledge that you are just a participant in something that is much larger than you or me**.
When I go to the bigger time frames I see that this high on the daily does have reasons for making a bigger correction. We noted this on this blog on Feb 25th 2011 called the “Big Picture Update”. We noted that the NQ made a top at a inside retrace level. Most people do not look at inside retracements on the extension tool but they are a great way to see a top early when the market is extended like it has been for a few months.
In that post we were saying the top needs to be confirmed and you might think that it should have already been confirmed as far as time meaning; it has been three weeks so in time it should be confirmed but it has not been confirmed. Confirming tops takes time for us to really say it is in for sure.
The top was definitely something to be aware of and that is why we did the post but it does not mean you just short the level and walk away. It is more a level to place tight stops on your longs which we also said. The market does not go from bullish to bearish in one or two bars. It makes a turn with multiple bars that end up becoming patterns on the chart and patterns is what gives you odds.
We are not here to convince you that patterns are valuable if you still think that all you needs is a MACD and RSI you might not even absorb what we are trying to say here today. The point is patterns either completes and the trend is back in play or they break and the start of a new direction begins.
**It is the bullish pattern that fails is what starts the new down trend.
Where we closed Friday is a buy level which means we are still in a bullish pattern. If the SPX fails at the 1313 area then we might have a bullish pattern than failed to start something to the downside. It is important to know that we could go a little lower next week in the leg we are still in but once we make this low it is the next two legs that you need to really watch out for and be ready to act if you are still 100% long this market.
Could we go up and break the 1344 high? Yes , we still can and if Monday we get a confirmation of this low it is a buy at least up to the 1300 area. The market will be emotional in the 1300 level just like it has been the last two weeks. You can see the emotion by looking at a 60 minute chart. There are big gaps almost every day and gaps are high emotions so you have to be careful at these levels if you are making longer term trades. Where the market is now you are better off day trading or taking your longer term position with options until it becomes clearer of the next week.
We teach everything in this article in our course. We have nightly videos that you can go back and watch how we played that 1200 breakout level and how we are playing it right now.
** If this high holds and we roll over we are looking for the 1160.
Happy Trading,
Wednesday, March 2, 2011
Blue Bars Highs and Lows!
March 2nd , 2011Tuesday, March 1, 2011
+19 points on NQ Short
March 1st, 2011Saturday, February 26, 2011
Trading Journey Part 3
Stage #7
After you have done all the research you have bought into your first course that is complex. You have taken off most of the standard indicators but have left a few because you have found that some standard indicators do have value at certain points on the charts. The difference is you know that a MACD can not be used every time it crosses up and down but it will have value at some points. You still do not know exactly when they have value at each point but overall you still have a MACD or something close to the MACD.
When you get the course it is a new way to approach the markets. Now you are starting to see that there is a reason for turning points on the charts now it is just seeing them in real time to gain confidence in them.
What most people do is they try to manipulate the new course into what they already have learned. This is a bad thing but most everyone does this at the start of the new course. What I mean by this is you might have 4-5 signals that you were using up to the point of buying the new course and instead of removing those from your charts and your thoughts you stay with them and try to incorporate all you know into one style. The reason this is bad is because the person that made the course you just bought does not know those signals and those signals have nothing to do with the new methods.
In doing this you are not really learning anything you are actually adding in more confusion as you did in earlier stages. Some do not overcome this and take a new method and destroy it with prior bad habits and trading signals. The end result for some is a negative outcome of the new methods but in reality it is not the new method it is how you are approaching it and destroying it before you can even learn to accept it.
It is hard to let go off methods you have learned but you have to keep it real and know the reason you are learning the new method is because your old methods were not working so why add those into the mix to complicate the new method?
Once you fully understand the new method then and only then should you look back and what you were doing prior to try to add something new into the method NOT right from the start because you need to take that time to really learn the new method.
This is one of the biggest mistakes people make with trading is adding in old things while at the same time trying to learn something new. This is why there are different results for different people who buy the same course. Everyone has had a different trading journey up to the point of buying something new but if you can leave out all prior education at least for one month to be able to accept the new methods you will be much better off.
We all have egos but egos with trading are not a good mix. It is best to stay focused to the chart and let go of ego so you can strengthen your thoughts and methods.
I know this is hard especially when you have spent money in the past on methods and education that did not work out in a positive way. It is important to know that everyone just like traders are all different people who teach trading are all different as well. Remember is stage 1 and 2 when you were buying the magic system for $79.00? Do you think that they guy selling that course is the same as a guy who is selling a 3k course with private mentoring and nightly videos? It is completely different but some people think it is all the same and everyone falls into the same category. The result of this is you might miss out on something that could change your life because of one or two bad experiences within your trading journey.
Conclusion:
If you are going to spend the money on a new education course do yourself a favor and really give it a shot. Do not look at it and see how it fits into your current style and then dismiss it when it doesn’t line up with what you are currently doing. There is a reason why your current style is failing and that is why you bought the new course so the only person it hurts is you to not give it 110% and put your older methods aside at least for the time to learn the new methods.
Stage #8
If you can let go of ego and older methods that are not working you will be on your way to a new level of trading. Later on it is good to go back and take a look at what you were doing to see if there is any value to your older methods. The whole point of learning anything is to get rid of the bad so there is room for the good. Over time the goal is to have more good than bad but this takes a lot of hard work, money and time. A very high percentage of people give up along the way and blame the failures on others. We hope you can make it past this stage.
Now it has been one month and you have dedicated yourself to the process. You have asked questions and watched the education multiple times. It is important to join the conversation so you are getting answers to questions that you are not even asking. This is why we do nightly videos and member webinars so we have an open forum for people to get involved. The more involved you are the better result you will have.
You will still have questions that need to be answered because everyone learns differently. It is also important that you do not put pressure on yourself to learn everything in one weekend that is not realistic for something as complex as what we do. To master our methods it will take you months to build a solid foundation, why? Since we use a 60 minute chart for a bigger day trading trend you will need to see live examples for yourself and see the patterns complete or fail for yourself in real-time.
The truth is learning to trade takes more time than most people want to commit because everyone wants to answer without knowing how to solve the equation. With trading your job is to solve the equation multiple times per day. If you are stuck on just trying to get the result or answer you will always have low confidence.
Humans in general want everything now and they do not want to wait for anything. I am the same way but with trading it does not work that way. Most people will still be learning years from now so instead of flip flopping from courses that promise instant success you are better off going with a course built for long term success knowing the learning curve does take time. You are going to put in the time regardless so it is really where your time is best spent, isn’t it?
Conclusion:
If you have the right mindset when you are going through the course you will achieve much more than someone that is looking for instant success. It took my 15 years to know what I know with trading so it is impossible to think that after only two days you would get everything we teach. The people that join the conversations and attend the webinars live or recorded and ask questions do the best. If you stick with it and see live examples over a course of two months you will be in the top % of traders and start to realize that most of what you have learned up to this point was someone selling you the hype of the markets not teaching you how to trade.
Friday, February 25, 2011
Big Picture Update
Feb 25th , 2011Tuesday, February 1, 2011
Options and More.....
IYR 57 Feb Calls closed at 1.67 up around 80% from entry.
LVS Feb 47 calls closed at $3.50 up 75% from entry
SOL Feb 10 calls closed at $1.10 up 10% from entry
ICE Feb 125 calls closed at $1.50 up 25% from entry
Thursday, January 20, 2011
+40k in 1 day!
Jan 20th , 2011