+40k in 1 day!

Jan 20th , 2011

We do not normally show even the DOM with any profit and loss because we are not the type to sell the dream of trading meaning; just because i made 1k today does not mean you are going to does it? No, everyone can trade a little different and maybe I swing trade and you only day trade. We teach how you can trade with confidence and you make money NOT showing you that we can.

Today is different I wanted to show something as a job well done to on of our traders. Ang is a trade that has been trading for 30 years which is longer than me. He knows the patterns but needed help in seeing how the complete and then form into the new pattern. Also he has learned how to look at the opposite of the pattern to make sure the pattern is still true of false. It is not just learning what to do it is also learning what not to do and this is the dual thinking process we teach.

On 1/18 we did a nightly video saying that the NQ hit a very important top and that the 810 TF level was hit to NOT go long on 1/19. The result of 1/19 was a 30 point sell off in the TF. Ang, shorted the 809 level after hours this is aggressive but he knew the risk of going into the trade with stops above the next higher level. It might seem crazy to short up there and for the normal person it is too high risk but we are taking the market that is risky and making it make sense in a way we can calculate it every time.

The Result:

He turned a 36k account into a 77k account in 1 day! This is not a SIM this is a live account. It is not eMiniSchool account it is his personal account.

What if you had confidence?

Happy Trading,

www.eMiniSchool.com

Patterns

Jan 14th, 2010

It is important to know where we are at in the bigger pattern and not try to pick the tops of the intra day charts.

Happy Trading,

www.eMiniSchool.com

Blue bar highs and lows

Jan 4th, 2010

From the 781 low the TF rallied to the 800.00 level. This is a 10 minute pattern that we have been following and there were blue bars at the high to tell us that the move was most likely over.

From the 800 high we fell down to the 776 level where we also had blue bars at the low. Once we get blue bars we do not exit at the market we follow the bars with a trail stop at the prior bar high so if the market continues down we are still in. This is a tight stop so if the current bar takes out the prior bar we are out. It is a clear defined way to trail the stop.

781 Low !

Jan 3rd, 2011

We hope you had a nice new years weekend and are ready to get back to the markets.

From our last video we said that the 781 was the level to look for if the market went down. The video is on this blog 2-3 posts down. You can see from the chart the low was 781.50 and from that low we rallied about 20 points.

It does not matter where the market closes in the patterns they are still valid until they are broken we call this our continuous market outlook. Using the continuous market outlook is so valuable on many levels but the main value is that you start off the day with a actual outlook not just trying to trade the emotions of the bars.

After the high today each turning point was calculated within a few ticks meaning it was a very calculated correction and we are still in it. This means we are going to open tomorrow in a corrective condition which is harder to trade for most people.

It is easy to look at a chart and think that it is the top but we are nowhere near even the first pattern to say we are near a top. This is why we have been going long with our outlook this entire daily chart leg to the upside and our thinking has paid off.

Even the the TF pulled back all the way to the 740 level we are still in a bullish move. Yes, there are waves down in bullish patterns and it is important to know which ones should be traded and which ones should be skipped.

Happy Trading,

www.eMiniSchool.com