+$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