1 Short. 5 Contracts. 92 Points Total. Watch!
Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Room
Transcript
all righton I want to talk about the two trades I took today and why I took them well the first trade I took today is I took this short here at 5575 and I followed it at at 50% and I made three points and that’s cool and that was right off my strong level then my next trade I took I went short here off my next strong level and what I’ll do is I’ll move this up here cuz the red X’s are my exits the red X’s are my ex’s so I had orders lined up here at this 65 to 66 followed them out and made several 20 pointers a 30p pointer and then I kept one all the way back and it finally got me out five hours into the trade um then I was hoping it would come and make this strong range the strong level but it didn’t so the thing that’s really nice about all of this let me move this down is we’re pretty good at where is Price going to bounce we’re really good at that and if you’d like to learn how to be a bounce Trader check us out at micr trader.com because it certainly makes trading easier when you are pretty good at knowing where price is going to bounce so those are the only two trades I took today I was trying to stay in this trade that maybe we would come back down to where we broke out at for the
NFPNon-Farm Payrolls (NFP)The monthly jobs report released first Friday of each month. BIG market mover. Strong jobs = bullish economy. Weak jobs = concerns. Full entry → candle but that didn’t happen then we started lading back it’s funny cuz I told the group I am not going to get out of my trade I’m going to keep my stop I’m going to keep there and I am not going to leave my wingman and if price comes and gets me it comes and gets me it’s NFP Friday I’m not looking for another trade I absolutely loved my entry and I told them I said if I really wanted to be the pickiest possible just keep my stop up here at one tick and make them come get me um but I decided to put it here on the other side of my strong range here on the other side of another bounce level and it came and got me and I’m out five hours into the trade okay so right after this if you’d like to watch that trade I’m going to speed it up to where you can actually watch that happen now the truth is 5 hours is a long time there’s no way I would tell you to sit there and watch it but I’ll tell you sometimes you’re in a trade that long and you have to learn to deal with the tension of staying in the trade I told the group it’s a lot like someone comes to you and says hey there’s something I got to tell you but I’ll tell you tomorrow and there’s an uncertain outcome and between now and then you have a high degree of tension you really want to say no just tell me now I mean trust me I wanted to just get out here when I could have capture 20 points that’s what these were these were 20 pointers this was a 30 pointer I could have captured the 30 pointer here and I was like nope I’m gonna make myself stay in the trade and five hours later it finally got me out so if you’d like to watch that trade in fast motion just stick here and if you want to learn how we trade bounce levels check us out at micr trader.com 92 Point Short: FAST!
Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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Risks Associated With Trading
IMPORTANT DISCLAIMER
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The material in this course is general in nature. It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual's risk profile or financial situation.
The author of this course content is not legally qualified to give personal investment or trading advice.
Although the author is an experienced and consistently profitable trader and the information offered within this course is given with the best intentions and made to be as accurate as possible, the author has no idea what your financial situation is and everyone has a different tolerance for risk and different investment goals.
The purpose of this course is to teach you how use technical analysis to assist in your trading, it is not intended to teach you how to trade even though many lessons do share practical techniques based on real-life trading experience.
The lessons in this course are provided as hypothetical trading examples, not necessarily ones that are profitable or robust. While the creator of these lessons has used some of these techniques to generate profits in the past, it is not guaranteed that you will experience the same results and past performance is not indicative of future performance.
Trading involves the risk of loss as well as the potential of profit. It is generally advised by successful traders to never risk more money than you can afford and are willing to lose - both on a trade-by-trade basis, and a portfolio basis.
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Information containing hypothetical or simulated results has limitations and may not represent actual trading. Since the trades presented in simulated backtests have not actually been executed in the market, the results may under or over-compensate for the impact (if any) of certain market factors, such as lack of liquidity, large spreads, slippage, commission costs etc.
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