July 11th Update

July 11th 2010

Quick Video with our 1st upper levels going into next week.

Happy Trading,

www.eMiniSchool.com

+10 point TF short

7/7/2010

Quick video on the TF long from today. Also showing the NQ Range chart to break down the chart so you can enter on strong trending days.

Happy Trading,

www.eMiniSchool.com

Short Trade TF

7/5/2010

We had a nice sell signal at the 602.00 level and then the blue bars told us to exit the short trade at 594.00

www.eMiniSchool.com

Blue Bars!

7/1/2010

Traders,

Today I just want to post a quick chart. We break the TF down into Range bars for the smaller view. This gives us quicker traders in the bigger direction meaning that we only trade the Range chart in the direction of the 3 and 10 minute charts. Not only the 3 and 10 minute charts but the color of both of those charts. The 3 and 10 minute both have to be green to go long.

The thing to look at is the blue bars. When the indicator is low the move is starting and when the indicator is high the move is over. So if there is a big move up then the indicator gets high and we get blue bars it is a easy visual to tell us that the move is most likely coming to a end and to exit the long. And if you miss the long you know NOT to keep going long.

There was a 6 point drop and then two long's off the blue bars for 15 points combined. We are not saying you will catch all of them but in looking at the chart could it help you pick up 5-6 points for the day if not in one trade?

If you can pick up 5-6 points for the entire day you are doing better than 90% of traders out there. For some reason everyone has this 2 point goal per day on the ES. To use that makes no since. Why limit yourself with a small goal? But the truth is it takes most people all day and 7 round turns to even get the 2 point goal.

We believe that it is best to learn how to get the bigger direction then break that direction down to a way that you can trade with high odds. We do not claim to have a magical indicator but we do have tools to help you in real-time. All we are doing in day trading is getting odds on our side for that moment in time to make money. That is it, PERIOD!

It is waiting out the counter trend trades and capitalizing on the trend trade with the least amount of risk. No claims , No hype just wait and trade and repeat it. We do not try to predict every move trading for ticks. Why would anyone want to do that? Do you??

If you are trying to pick the top and bottom of the chart trading for a 1 ES point using a 300 tick chart you will lose money. At least we have never known anyone to make consistent money approaching the market with that type of trading style. Have you?

Happy Trading.

www.eMiniSchool.com

Blue bar high!

6/28/2010

Blue bars nailed the high of the day!

Happy Trading,

www.eMiniSchool.com

6.25.10 ES Chart +7.50 long

6/26/2010

We have been doing allot of updates on the TF so today i want to show a chart of the ES. This is a 3 minute chart. So the bigger picture was we had a lower target of 631 on the TF and that was hit Friday so we were not looking for shorts at that point. We wanted to wait for the smaller pattern to change so we could have a reason to go long instead of just trying to go long off the bigger support.

The key is knowing the bigger support but then you must break it down on the smaller chart and wait for that support to turn the market into a positive pattern that is repeatable to actually enter the trade, why? Because even though the lower target on the TF was hit that does not mean the market will go straight up. It very rarely will do that so we need to smaller time frame to base and give us a reason to get in.

The blue bars gave us a high odds reading that a big move was about to start. Aggressive traders could jump in on the blue bars but again that is aggressive. So what do we do? We wait for a certain pattern to complete off the bigger support then we wait for a pullback that is RED. We then get ready to go long once the bars go back to green which was at 1070.00 and our stop was 1068 or 2 points.

So the risk is 2 points and we are always going for 6-9 points with that kind of risk. So if we follow the trade up you will then see the blue bars came in to tell us to trail the stop to the low of the prior blue bar. The exit on the trade was 1077.50 or +7.50 on this trade. Looking at the chart you can see that is the trade of the day and that is what we are going for with dynamic stop rules to protect the position along the way. In this example no stop condition were meet until we got the blue bars to we can Sell Into The Strength of the move!

It is 1st know the bigger pattern then you break that down into smaller time frames then you get odds on when and where to enter. Stop making trading harder than it is! Just follow the patterns and add the tools to take it 1 step further. Then learn how to manage the trade with visual things that happen on the chart in real time.

Stop Trading For Ticks! If you learn one thing today make it the fact that there is no long term success in scalping the markets for ticks. It is no that easy, it is actually the hardest way to trade but most people will spend years searching for a scalping method that works consistently instead of spending the time just mastering what is proven to work.

Happy Trading,

www.eMiniSchool.com

631 Hit!

6/25/2010

The TF completed to our lower target at 631 from our last upper target at 674. We would be careful on the shorts here even of the market sells off a little into the close. There is a major decision level here and we might not know the conclusion until half way through Monday.

Knowing the 631 lower level gives us odds to NOT go short the 3 minute after that level has been achieved. This is where knowing the bigger pattern and trend and sticking to it will help you to make good day trading decisions.

Stop looking at a 1 minute chart and use multiple time frames for confidence. It is you learning how to do it then breaking it down into something you can repeat.

Happy Trading

www.eMiniSchool.com