James Wave Trading Education

26 Ticks & Wave Indicator LIVE Today!

Tue, 09 Mar 2010 15:54:39 -0600

SchoolofTrade.com Daily Commentary 03-09-10 We opened our charts today and as usual, the market was trying to tell us something - 820am Gold moving down, but very sideways - Concerned about the 1100-1115 area on Gold, very choppy from last week - Crude Oil 80.00 area is also very choppy - 845am Crude Oil Pace of Tape Slowed as price rises for a 2-step long pattern o Then increases speed when price falls again o Short term market bias is the short side - 900am Good Speed, but sideways, not many patterns - Dollar is flat, wide sideways range, multiple days o Confirms the flat market on Gold & Crude Oil - 10:30am Dollar rests on Prev High of Day (support) o Overhead resistance on the Gold, Crude Oil, Euro The market told us to be careful because we had flat price action, lack of follow through the on the first moves of the day, and the dollar gave us issues with support and resistance. We were able to grab a few trades early in the morning, but by 10am the price had slowed down tremendously and we were trying to keep focused on the very best patterns along with SPEED and SIZE on the tape. As price slowed down we also took some time to learn more about the Wave Indicator, which is one of our oldest tools of the trade, and its STILL a very powerful trading tool. We spoke about the different ways to use this indicator, but we spent more time speaking about how VOLUME and the SPEED OF THE TAPE play into buying pullbacks or staying away from reversals. Volume / Speed is the most important thing in identifying the difference between a pullback and a reversal, and we discovered the many ways to avoid getting caught up in this reversal. Make sure you keep an eye out for a new video tomorrow that will discuss this very technique 3 trades today, 2 winners, 1 loss Our trade management style is the reason we are profitable! +26 ticks, $260usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

83 Ticks & Wave Indicator DEMO 2 for 2 today!

Mon, 08 Mar 2010 16:40:51 -0600

83 Ticks & Wave Indicator DEMO 2 for 2 today! Webinar on WAVE Tomorrow! We open our charts today and began looking for CLUES from the market that would tell us what to expect - Red POT & 100 on Crude Oil - Gold & Crude Oil sitting on the OPEN of the day @ 830am EST - Pound has double-tops/bottoms @ Big Round Numbers = light volume, indecisive price - Both Pound & Euro have POT & 100 @ 850am EST - All markets very slow and sideways - Momentum had a hard time confirming @ 915am EST (big buyers on tape, momentum not confirming) - 930 US Open: Gold is sideways and slow & Dollar is also Slow & 100 What did these clues tell us? Be careful! This is going to be a typical Mondayslow at the start. So we waited for the price action to gain speed, and we focused on waiting for the best patterns. Once 1000am EST came we had PLENTY of action, and our patience had paid off nicely! We also took some WAVE INDICATOR trades today, thanks to our members who shared their feedback! Come join us tomorrow for another FREE WEBINAR @ 1130am EST and we will talk MORE about the different ways to use the WAVE INDICATOR. 4 trades today, 4 winners, 0 losses Our trade management style is the reason we are profitable! +83 ticks, $830usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

360 Degree Explanation Of The Discipline Cycle

Mon, 08 Mar 2010 13:01:36 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In the 4th Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: Profits! Remember Discipline Cycle® begins with Discipline to follow those rules, Discipline leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Confidence develops the Patience to wait for the best trading opportunities! Patience to wait leads to Profits! Here is your final look at our Discipline Cycle diagram. Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Most Effective Indicator youve NEVER Heard Of

Mon, 08 Mar 2010 10:19:08 -0600

Author: Joseph James, Schooloftrade.com Most Effective Indicator youve NEVER Heard of; SPEED Trading on ANY Timeframe. You open your charts @ 8:00am EST on Monday, and you begin to prepare for the trading day ahead. You set up your indicators, you mark support & resistance, and you get your trading DOM ready. You go over your trading rules, you remind yourself about trading with discipline, and youre alarm goes off @ 9:15am EST to warm you of the US Market OPEN at 9:30am EST. The market opens; you begin to watch for price patterns, volume, momentum, market profile, and numerous other techniques youve learned. A breakout pattern begins to set-up; you check your rules, no news coming, so you get into your first trade with confidence. 1 2 3 4 5 Seconds go bywhat do you do next? Should you let the trade run? Should you cut the trade early to avoid a lossbut also avoid a win? Theres no rule for this situation, price is just sitting there, doing nothing! This story is something that all traders can relate to. Your rules line up perfectly, but the trade doesnt work out as plannedwhy not? What else can we look for? What other indicator (if any) could you enlist? I learned the importance of SPEED a number of years ago, and it was just as important as learning to read tape and volume information in the market. What is speed? And why should we pay attention to it? Speed is one the things you learn with experience as a trader. More time in the market and you learn the difference between a FAST & SLOW market, and with that distinction you can then avoid times in the market when it appears to be slow Ask any experienced trader what slow means, and they have trouble expressing it though, its a discretionary approach to reading the market. Speed is important to traders of all shapes and sizes: Scalpers Day Traders Position & Swing Traders No matter what asset you trade or timeframe you use, we all watch speed in the market to tell us when the odds are in our favor. Speed is defined as the rate in which the market is moving, and this speed can be seen in many places in the markets we trade: Speed at the Open Speed at the Close Speed of the Time & Sales Window Speed of the Patterns Developing on your chart Speed of each Pattern Triggering according to rules Speed of the Follow-thru after the pattern triggers, filling your profit targets Speed of the Continuation of the move, rather than the failure Speed of the Exhaustion of the move Speed of the Reversal of the move And the process starts all over again. There are lots of times when speed is important, but lets focus on the big three: Speed of Tape Speed of Set-up Speed of Follow-thru Speed of Tape This is the speed of the orders coming into the market, and can be seen on your time & sales windows. Some traders will use technical indicators that measure the pace of the time & sales window to measure its speed, but many traders will also rely on their 2 eyes to do the work. We want the speed of the tape to be as fast as possible at your time of entry, and we watch the speed of the tape throughout the entire move. From entry to exhaustion, the speed of the tape is the most under-valued tool for understand when price will turn around and reverse, which makes the speed at the time of exhaustion a very effective way of identifying when to exit a trade or take profits. Speed of the Set-Up: Look for the patterns to set up quickly, in fact, we like to see less than 5 minutes for the pattern to develop. This can be applied to slower timeframes with a multiple of 1 x your fast timeframe chart (email me for more info on that if needed). As the pattern is setting up we look for it to do so quickly. We dont want a pattern taking too long, so look for the slow times in the markets to also show patterns that are slow as well. Time is NOT on our side, and the longer the pattern takes to trigger the entry, the more dangerous it becomes. A good example of a simple rule to use: if the pattern takes more than 5 minutes to trigger, wait for the next one, its taking far too long to trigger. Speed of Follow thru: This aspect is vital to your long term success, and its the difference between a 10-tick winner and a 100-tick winner. Do you know when to hold it and when to fold it? Speed of the follow-thru describes the way the trade finishes up: Did the trade go for 10 ticks in 10 minutes? Did the trade go for 100 ticks in 10 seconds? Is the market EXPLODING after a few ticks in your direction? Is the market STRUGGLING to move in the direction of the trade? Is it happening fast? If not, this market is one to avoid Simply put, if I notice that my trades are only going 5-10 ticks in a very hesitant move, I will be very careful trading that market because its not showing the likelihood of moving in large chunks, which makes us more money. Beware of trading a market that is slow to move after entry, it will make it hard to recover from a loss, or to make any real profits that day because it lacks the follow-thru it needs to be a wide-range market for that trading day. What tools do we use to watch for speed in the market? Time & sales window Fast timeframe (1-min, 4-Range, 89-Tick) Technical Indicators that measure the Pace of the Tape No matter what type of trading you do, your level of experience or your objectives as a trader, SPEED will always have a very important part in your trading decisions. Understanding how to use speed wont happen overnight, but with the time in the market you need to gain the experience, SPEED will always be the most effective way on increasing the CONSISTENCY of your trading in the future. Tomorrow morning when you open your charts, take a minute to consider the SPEED of the tape, the set-up, and the follow-thru of the market you are about to trade. Your hard earned risk-capital will thank you for it! Stick to those rules, and watch the speed! - Joseph James 03-07-2010 Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Busy Friday! Dollar Index Correlation saved us today! Back Monday @ 745am EST

Fri, 05 Mar 2010 15:16:33 -0600

SchoolofTrade.com Daily Commentary 03-05-10 We expected to see a VERY busy morning today with Non-Farm payrolls out @ 830am EST today, but it never really got into high gear in the markets we trade! We watched the Dollar Index Futures correlation with Gold Futures and Crude Oil futures, and todays video tells the story! See you Monday @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

49 Ticks LIVE Today; Non-Farm Payrolls Tomorrow @ 830am EST Dont Miss it!

Thu, 04 Mar 2010 16:21:41 -0600

We had another great day in the live trade room! We made a handful of points in Crude Oil & Gold Futures! We used the Dollar Index Futures to tell us when it was ok to look for patterns! The day started off pretty slow, and we were expecting that. Yesterday was very slow, and Friday (tomorrow) is Non-Farm Payrolls @ 830am EST, so we anticipated that the BIG MONEY would be sitting on their hands waiting for the news tomorrow. We opened our charts and saw: - Red Pace of Tape < 100 across all markets - Gold & Crude Oil Futures sitting on their OPEN of the day These two things told us very quickly that we had a flat market that was very slow. Think of it this way If the market is sitting at the OPEN, it is likely to be a challenging day b/c there is very little buy/sell pressure in the market. If there was ANY pressure in the market in one direction UP or DOWN, the market would NOT be sitting at the OPEN, it would be trading at its Highs or Lows. So the market sits on its OPEN, that tells us to wait for the pressure either up or down develops, which will give us a higher percentage possibility of having a LARGER winning trade. With that said, we knew we had to wait for this market to wake up for us to trade, and it certainly did, but we had to wait a little while. 830am EST had Jobless Claims Reports, and we were able to grab some volume from that and get our first trade of the day taken,a winner on Crude Oil Futures. 5 trades today, 4 winners, 1 loss Our PATIENCE and attention to DOLLAR INDEX FUTURES helped us tremendously today! +49 ticks, $490usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

5 evolutionary stages to our Discipline Cycle.

Thu, 04 Mar 2010 13:56:27 -0600

Our 4th video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle. Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In this 4th video of this 5-video series we get introduced to the 4th phase of the Discipline Cycle: Patience Just ask my Grandma Patience is one of the most important skills you can develop in anything you want to do, and trading is no different. This is the Patience to wait for the best patterns, for all your rules to line upthis is the PATIENCE to wait for the very best opportunities in the market! Without this patience, we risk taking trades that should be avoided, and this will hurt our long term success. Remember Discipline Cycle® begins with Discipline to follow those rules, Discipline leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Confidence develops the Patience to wait for the best trading opportunities! Whats next? Keep an eye out for the 5th and final video in this series to learn the final evolutionary phases of our Discipline Cycleyou DONT want to miss the rest of this series! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

40 Ticks LIVE Today; 1-Contract Trading Webinar TOMORROW!

Wed, 03 Mar 2010 15:26:33 -0600

Very challenging day today in the markets we trade. The markets gave us some good clues this morning when we opened our charts: - Red POT on Crude Oil @ 830am < 100 - Flat Trigger Lines on CL and ALL the same price level, also a BIG ROUND NUMBER = sideways, beware! - Breaker Short on Gold took > 10 mins to triggerstill waiting - Lack of BIG MONEY in the market! - Trading @ its OPEN of Day (Gold, Dollar, Euro) o We consider the OPEN of the day to be the ZERO LINE, above/below will show buy/sell pressure. So after listening to what the markets were telling us today, we knew one thing.be careful. Our concerns were certainly justified today we waited for patterns, and when they set up it became very apparent that we were lacking a lot of the fundamentals that we look for. - Momentum would NOT confirm - Flat Dollar at all times - Lack of BIG MONEY to confirm the entries So without our rules lining up as we like them, we were forced to use patience and discipline to sit on our hands and wait to see if the market made any changes to the way price was moving. Remember, our RULES are what made us money this week, and we cant forget that. We cannot decide to deviate from those trading rules SIMPLY b/c we didnt see many patterns today within those rules. Patience is key, we will be back here tomorrow looking for more! 2 trades today, 1 winners, 1 losses Our trade management style is the reason we are profitable! +4 ticks, $40usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

132 Ticks LIVE Dollar Support = BIG Profits!

Tue, 02 Mar 2010 15:55:31 -0600

We opened the trade room today @ 745am est and as expected.. Red Pace of Tape Flat Trigger Lines Flat Dollar Very Little News to spark the price action So we have a slow, flat market that doesnt want to break out of its tight trading ranges This includes the DOLLAR INDEX, which weve been watching for weeks now as a VERY consistent indication of price movement on the Gold Futures and Gold Futures. One of the most efficient ways we use the dollar is to confirm avoiding a trade. Its very easy; if the dollar is flat and slow, we need to be careful on the Dollar & Crude Oil. With that finger on the pulse of the market we knew how to avoid a lot of trouble, and our quick exits should be example of that. We dont want to let trades get too far against us in choppy markets, so we cut losses EARLY> The DOLLAR INDEX was a very efficient way of doing that today. This CONFIDENCE in our trading enables MONSTER trades like the one we saw TODAY @ 1045 on GOLD FUTURES. Traders often miss the importance of small LOSSES. Small losses earlier on in our day enabled us MENTALLY to be in a position to be in the market at the right time. The Dollar was sitting on Resistance, and we were looking at the Gold Futures We got a little lucky on the SIZE of the move, but we know LUCK favors the PREPARED, and we were locked and loaded when the time came to pull the trigger, so congrats to all the members who made money today, even if there was a little extra help from the market Watch the video for the details on that trade, its a keeper! 9 trades today, 7 winners, 3 losses +132 ticks, $1320usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Discipline Cycle (3 of 5) Confidence

Tue, 02 Mar 2010 13:35:36 -0600

Our 3rd video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle. Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In this 3rd video of this 5-video series we get introduced to the 3rd phase of the Discipline Cycle: Confidence Confidence is like OXYGEN to a trader. Without Confidence we may last for a few hours, day, weeks, but eventually we will die from lack of confidence as our trade account dwindles down lower and lower each stop we take b/c we dont have the confidence we need to take only the BEST patterns defined by our rules. A professional trader would trade thousands of dollars for an ounce of confidence b/c we all know that a confident trader is a profitable trader, and without the confidence, traders know they wont last long. Remember Discipline Cycle® begins with Discipline to follow those rules, Which leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Whats next? Keep an eye out for the 4th and 5th videos in this series to learn the final evolutionary phases of our Discipline Cycleyou DONT want to miss the rest of this series! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Dollar Index Futures & Correlations to Crude Oil & Gold Futures Trading

Mon, 01 Mar 2010 15:48:04 -0600

Scalpers, Intra-Day, Position & Swing traders alike benefit from the correlations seen between the US Dollar Futures Index (DX) & Commodity Futures such as Gold (GC) & Crude Oil (GC). The US Dollar Index Futures is one of the most widely-recognized electronically-trader markets in the world. Comparing the USD against a basket of major currencies, this futures index has relatively low daily trading volume compared to Euro or Pound, and is primarily used for its strong correlations to aid traders in many different situations. Professional traders watch the Dollar Index at the times it is most active, which occurs from 8am to 12pm EST during trading days. The times also correspond well with Crude Oil & Gold futures, which also see more activity at these times as well. There are many ways to use the US Dollar Index for trading opportunities, but most traders find the DX to be most consistently-used as a filter for high-risk trades. Lets first discuss the basic correlation that traders use. There is a negative correlation between the DX and almost every other market that traders watch. The Dollar is negative to other currencies b/c its the world reserve currency, and its negative to commodities b/c of the simple laws of supply and demand. Lets focus on the correlation to Gold & Crude Oil Futures. When the Dollar is rising, Crude Oil & Gold falls As traders, there are lots of different times in the day when the dollar begins to move more dramatically, such as the open of the US Markets @ 9:30am EST, before and after major news events such as Jobless Claims Reports or FOMC News. We look for the Dollar to begin its trend, and using the negative correlation between these markets, we look for crude oil & gold opportunities to the opposite of the dollars trend. When the Dollar is trending, traders use Breakout Patterns to capitalize on this correlation With the dollar rising, look for high-percentage entries to the short side of Gold or Crude Oil Futures. When the Dollar is flat, the Crude Oil & Gold is flat Most traders will use the Dollar correlation as a filter because it allows them to avoid high-risk entries on Gold & Crude Oil Futures. Without a trend on Dollar, the Gold & Crude Oil Futures also show flat price action, and tend to reverse their current trends often. The dollar has a tendency to get very choppy during indecisive times in the market, and we tend to stay away from higher-risk trading on Crude Oil & Gold during these times. When the Dollar is Flat, Traders use Trend-Reversal Patterns to Capitalize on this correlation. Another important thing to watch on the Dollar is key Support & Resistance around simple chart patterns. For example, using a Head & Shoulders pattern on the Dollar, traders will avoid trading Gold & Crude Oil when the Dollar attempts to complete the trend reversal. Smart traders will wait to trade the reaction to the move around these extreme levels, rather than trying to be the first to enter the market when the Dollar here. In closing, the Dollar Index Futures can be used very effectively with a negative correlation with many of the market we love to trade. Of all the uses for this index, the most effective way most traders use the Dollar is as a filter, to avoid taking high-risk trades on other markets such as Crude Oil & Gold. Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

18 Ticks LIVE Today; Dollar Index Told the Story

Mon, 01 Mar 2010 14:49:57 -0600

We opened up the live trade room this morning @ 745am EST and we noticed the market trying to tell us a story: Monday morning Red Pace of Tape (slow speed of the market) Flat Trigger Lines (sideways market) All Trigger Lines were the same price level (broad sideways market) Dollar Index was sideways (caution) Dollar Index has triple-top overhead resistance (negative correlation) Since it was a Monday, we had to beware of a slow start. The same reasons why YOU dont want to get up on Monday is the SAME with other traders, so we wait to see if volume will be an issue on Mondays always. In addition, we also saw Red pace of tape indicator and flat trigger lines across all timeframes. Red pace of tape shows slow price action speed, and flat trigger lines tells us that the market as a WHOLE is sideways, everything from Daily charts down to Minute chartssideways. We then looked at the Dollar Index today, and we noticed 2 key components: Slower timeframe had overhead resistance w/ triple-tops Fast timeframe was flat and sloppy, no trend The slower timeframe tells us to BEWARE trading when the Dollar Index is trading into MAJOR resistance/support, which it was. The fast timeframe on the Dollar Index tells us we need to wait for it to begin trending. We like to avoid trading ANYTHING when the dollar is flat like it was today. So we had to be cautious with the Dollar looking like it was, and our patience always pays well Today was a challenging day, we took 5 trades, 2 of them were winners BEFORE 930am EST, and then we managed to give back a few ticks, but for the majority of the morning, the Dollar Index kept up on the sidelines, where we belong when it trades like it did today. 5 trades today, 2 winners, 3 losses +18 ticks, $180usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

22 Ticks LIVE Today; Quiz Raffle is Monday!

Fri, 26 Feb 2010 16:22:55 -0600

SchoolofTrade.com Daily Commentary 02-26-10 We got exactly what we expected out of the market today. We opened our charts at 745am EST and we saw. -Gold @ OPEN (flat market) -Very tight trading ranges on Gold -Crude Oil, all trigger lines are the same (flat market) -Red Pace of Tape, RED = SLOW price action -Dollar = Red Pace of Tape, Flat Overall Trend, Slight uptrend on the fast timeframe Things looked and felt very slow at the open, and no matter the REASON is for this, we knew we had to remain patient and wait for the best patterns to show up. We also made note of the slower timeframe levels on the Dollar Index Futures Chart. We spotted a double-bottom on Dollar around 80.500 and we knew that if the Dollar Index tried to break out below that level we would see things get pretty choppy, and they did! After 10:30am est. today the Dollar attempted to break below these 2-bottoms and we also saw the reaction on crude oil and gold futures immediately. Once the Dollar began to attempt this breakout, we had to wait patiently to see what the reaction would be, and Im glad we did. The next 45 mins of the market, into lunch, was VERY difficult to tradeall pointing back to the Dollar Index level it was having difficulty breaking. So, once again, knowing what to look for, we knew to stay away towards the end of the morning on Friday, and that ended up being the best decision we made all day b/c it KEPT the money in our pockets instead of giving it back to the markets! 4 trades today, 2 winners, 2 losses Our trade management style is the reason we are profitable! +22 ticks, $210usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

22 Ticks LIVE Today; Quiz Raffle is Monday!

Fri, 26 Feb 2010 16:22:54 -0600

Discipline Cycle 2 of 5 Day Trading E-Mini Futures

Fri, 26 Feb 2010 11:30:11 -0600

In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency. Lets first recall where we left off on our Last Video: We Listened to My (JJs) story of HOW and WHY he created the Discipline Cycle We Learn what the Discipline Cycle is and how it works We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Now that weve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this cycle In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle! Keep an eye out for the 3rd Video of this seriesyour Profit & Loss Statement will THANK YOU! Stick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

66 Ticks Sideways Ranges on Crude Oil & Gold We know what to LOOK for!

Thu, 25 Feb 2010 13:41:20 -0600

What a great day in the markets today! I think we may be learning here! We waited patiently for the time in the day when the price was moving quickly, and not sitting there slowly. We knew to pay close attention to the DOLLAR INDEX FUTURES Fast & Slow timeframes. We knew to stay AWAY from the extremes on the sideways ranges in crude oil and gold futures. And we knew to follow those rules when we tried to enter a trade. The result? NO STRESS! Easy trading and no pressure to MAKE UP TRADES! We traded everything from the British pound, to Gold and Crude Oil futures today. The day started pretty well, taking 3 winning trades before 930am EST is always a major plus, and then we can stay focused on the best potential entries the rest of the day. We took a small loss at 1030am EST, but finished up the day with our largest trade of the day on Gold, on a 2-step short, counter trend off the High of Day! It was another great daysee you in the live trade room tomorrow! 6 trades today, 5 winners +66 ticks, $600usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: WEBINAR: Trading the News: - Every new trader attempts this o I spent more than 1 full year trying to study and dissect how to trade the news Here were my results: - Charts tend to Jam on you o When the news is released, charts tend to lock up, makes it hard to execute! - Market lose liquidity o People are desperately trying to get filled o Lots of slippage o The choppy price action around the news = more slippage as well - No way of telling what the REACTION will be to the news release? o Jobless Claims RISE (less jobs, more un-employment)  Crude Oil = rise? Cost of goods drop Inflation should drop Commodity prices should DROP Crude oil should.fall? What was the previous report? Are there any continuing claims? What was the expectation? How do trade the news? - Avoid the market 5-mins / 5-mins - Avoid that illiquid, unpredictable in the reaction to the news event - Pick a news event that happens WEEKLY - Study the previous releases - Study the reaction to the market - Study the OTHER news releases that could correlate to it o Jobless Claims:  Manufacturing, goods and services produced  Durable Goods orders, cars, trains, manufacturing  CPI, PPI, Inflation  GDP, NFP numbers - Once you have your news event identified, and you do your homework. - What is your entry rule? - What is your exit rule? o Jobless Claims  Entry = exceed the expected news number by 10%, and the correlated news is XYX  Exit = reaction to the news, profit targets, and where is your stop? Where do you take profit? Where do you get out for loss? o S/R levels, major levels, most important Profit targets o 8 / 23 / 50 In conclusion: - Had days made $3000 - Had MORE days losing $3000 - Trading the news is NOT consistent - Thats why I dont trade it today

34 Ticks Today Look for the CONFIRMATION to Pull the Trigger

Wed, 24 Feb 2010 16:32:49 -0600

Another day filled with learning and profits in our live trade room for members and guests! Today was a challenge, but we knew what to expect! We identified the day ahead of time today as being a potentially VERY SLOW day because of Feds Ben Bernanke in front of Congress Sec. Tim Geithner in front of the Budget Committee Toyota hearing on Capital Hill With these speaking events today, we expected to see more people sitting on the sidelines than any other day this week. We were correct, and we saw this in the markets when we opened our charts: Red Pace of Tape Indicator Flat Trigger Lines All Trigger Lines were the SAME price level Lack of BIG MONEY in the market The lack of BIG MONEY was the most obvious. We had dozens of potential trades today, however, we cannot change our rules, we need to see BIG MONEY in the market as a confirmation to take our entry on the trade. The patterns kept lining up, we qualified each one correctly, and we WAITED for the BIG MONEY to give us the confirmation trigger..and.NOTHING. Lots of little traders on the time & sales window, nothing from the BIG MONEY, and we assume it was b/c of the events scheduled for today. So how did we trade this market today? Very patiently, and we emphasized being aggressive with our defense! Lock in profits early, and move onto the next high percentage pattern. One of the most important things to remember on days like today is that making money is a great result, but keeping money from yesturdays $800 day is the most important. Often times the market will give you a challenging day, and the easiest way to trade it is to use patience to wait for the obvious patterns, look for the best volume, and lock in those profits b/c the market gets very choppy quite often when volume slows down. We stuck to our rules today, and we made money! 6 trades today, 3 winners +34 ticks, $365usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session. Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Click here for our trade room questions

(1 of 1) 5 part video series, Discipline Cycle

Wed, 24 Feb 2010 12:20:50 -0600

Your Emotions can be an asset or a liability to your trading; I think we all agree on that. Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we cant keep them under control. Created in 2003, the Discipline Cycle is the by-product of Joseph James attempts to find an easy way to change the emotional impact on his trading. Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader. In this first video of this 5-part series you will Listen Josephs story of HOW and WHY he created the Discipline Cycle Learn what the Discipline Cycle is and how it works Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Oh.wait!!!!!! If youre thinking to yourself right now.why do I need Discipline? YOU are the trader this video series is designed for! Watch this seriesyour PnL statement will THANK YOU! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

74 Ticks Today, Dollar Index Trading Webinar on Thursday

Tue, 23 Feb 2010 16:28:21 -0600

SchoolofTrade.com Daily Commentary 02-23-10 We had another GREAT day in our live trade room! We knew this week would be challenging with a LOT going on Bernanke speaks off and on all week Toyota hearings in Congress today/tomorrow Alan Greenspan making comments about TARP The lists went on and on about how many things were going to be happening this week, and ALL of these threatened to steal that always-important VOLUME and SPEED from our markets. Today was a great example of a SLOW market, but with lots of patterns, so we had plenty of patterns to look for, but only a few of them qualified. We took trades on Gold, Crude Oil & Euro Futures today, all were winners. Keep an eye out for our DOLLAR INDEX Trading Webinar this Thursday! Make sure you are on our newsletter for more info on this new event coming this week! 5 trades today, 5 winners +74 ticks, $793usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page

13 Ticks Today; Manage Losses correctlywith WINNERS!

Mon, 22 Feb 2010 16:11:46 -0600

Great weekend for watching the Olympics on TV, and was hard getting up early for Monday morning trading.and I think the rest of the market really did the same thing! It was expected to be a slow Monday morning b/c: All Monday Mornings are relatively slow No major news events today Ben Bernanke spoke @ 11:00am EST Basically, a Monday with zero news and Ben Bernanke speaking makes for a slow and sluggish beginning to the week, and that EXACTLY what we got! We began the day looking at the market Red Pace of Tape (all 4 markets; 100) Flat Trigger Lines Not many BIG MONEY traders in the market So we knew that patience was going to be the key to our success today, and even though we knew we had to wait, it certainly doesnt make it any EASIER to hold off on trading on a Monday morning. Sitting on hands is easier said than done, right? We took 6 total trades today, and the first 3 trades (before 10:30am EST) we didnt get very much to work with, and our results showed. We took scratch trades, losses, and a small winner up to 10:30am EST, and then we finally got some movement in the markets, which allowed us to make some profits! Stay patientwait for your perfect pattern, and dont be afraid to lose money. This is what we have to be focused on as a trader in todays challenging environment. 6 trades, 2 losses, 3 winners, and a scratch trade! +13ticks ($140) See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

106 Ticks HUGE Day in the Live Trade Room! Dont miss Monday!

Fri, 19 Feb 2010 16:31:31 -0600

Today reminded us of why our trading methods are so successful! We battled tough markets all week this week, and at times, it seemed that there was no light at the end of the tunnel.not so fast! Tuesday, Wednesday & Thursday and the choppy markets that they delivered were quickly forgotten today when we saw plenty of price movement, lots of good volume, and the perfect patterns that set up over and over again. Some days it feels like you cant loseand today was one of those days! We took 9 trades today, mostly on Crude Oil Futures, and we did a great job at executing according to our simple trading rules. From trend-continuation to counter-trend, we took long and short according to our Breaker and 2-Step Patterns. Tiger Woods got up and spoke around 1030am EST and the market began to slow down, but not before we had already grabbed over 100 ticks out of the market. After we saw the market begin to take off for an early lunch, we took an hour to answer questions, and we finished up the week with a special webinar on the Discipline Cycle Overall, a great way to end a great week in the live trade room! We took 9 trades today 7 Winners / 2 Losses TOTAL = +106 ticks / $1,060usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: JJ@SchoolOfTrade.com Where can I find todays news? http://schooloftrade.com/news Which brokers do we use? Sales@SchoolOfTrade.com / 800.381.2084 List of brokers, computer requirements, etc+ How do we define the BRACKETS? - Starts w/ Auto-Levels Indicator o Draws all the RED LINES (important) automatically o Projects those lines on my FAST timeframe so I can use them to take trades - Bracket = RED Line High, & RED LINE Low Contract Rollover: - Crude Oil: Monthly; trade the month with the MOST volume - Gold: every-other-month: trade the month with the MOST - Currencies: quarterly - E-Mini: quarterly - More info: on the exchange websites  NYMEX Gold Crude Oil  CME Group E-mini Currencies o Google: contract rollover Crude Oil NYMEX Dollar Index = DX (dont trade it, use its correlation) DAX Futures (Eurex) = FDAX (www.Eurexchange.com) - Rollover is also quarterly on the DAX, FESX, CAC, FTSE When does lunch begin? - Remember.ends early on Friday - No lunch bell, so we wait for the market to tell us o Slower Price Action (speed)  Pace of Tape Indicator o Sideways Markets  Flat Trigger Lines o Fewer BIG Money traders  Filtered Time & Sales Window Filtered for 10+ contracts, shows the big trades only, easier to see. Does the SIMULATOR give you LIFE-LIKE results? - Fills? Exits? Targets? o YES! If you use it correctly  TUTORIAL: Setting up your Workspace Control Center: change the settings on your simulator o TradeStation SIM = very basic, no reality behind it o NT SIm is the Best (also like the Market Replay Recorder) DAX: Volume is too low right now - Ever since end of 2008 the DAX lost all speculative volume (FESX and ES) - Rule = 100,000 contracts before 8am EST o If less, stay away, not enough volume  DAX = very whippy  25 euro / point 12.50eur / tick Avg trading range = 130 points o ES Avg = 13points What if I lose control over my charts & im in a trade? - Go get a change of pants!  - Be prepared: o Back-up internet connection o Back up battery-power o Know the phone # (two) for your brokers trade desk o Your stops and targets will remain in the market until your broker removes them for you. o If theres no powerhow do you CALL?  Cell phone, something that can be used without power in your house Advanced Membership: - Lifetime access - Open-code indicators - No monthly fees - All future up-dates ( to include automation) - Free Charts ($150) ($3600 each year you save!!) - Free Market Data ($150) - Chart Templates - 24/7 tech support - Video chapters, easy to learn this way! - Ninja Charts have a license fee of $995 for lifetime, we show you how to AVOID that fee (easy) What are the skills we use as traders? - Same as other occupations? o Doctor? Engineer? o Different: combination of discipline/focus, avoid fear-based decisions, keep our cool, and we need to be risk-takers Be careful about those BIG BROKERS - IB good example - Filtered Tick Data! Pace of Tape Indicator and RANGE charts are going to be DIFFERENT with IB o Too expensive  Margins too high ($1,000 on Crude Oil)($500)  Commissions too high  All the bells and whistles are not needed for a day trader o Sales@Schooloftrade.com 800.381.2084 What account size is ideal? - 1 contract traders = $750 ($500 min) o Crude Oil =$1,000usd / contract ($1500usd) - 3 Contract Trader = $2500usd + o Crude Oil = $3,000 ($3750) - 6 tick stops, these are tight stops, we can get away with small account o 20 tick stops.big difference! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

14Ticks Today: In a hole? Stop Digging & Follow THESE rules!

Thu, 18 Feb 2010 15:39:45 -0600

Today was a day made for building character, one of those days you heard about when traders tell stories about the struggles we all go through as traders. We had chart issues at the open, so we had to deal with re-loading charts The Market was VERY slow today almost all morning First trade was a FULL STOP LOSS, so we dug ourselves a big hole We didnt know if we would have any opportunities to dig our way out! To say that today was challenging would be an under-statement! We began with a VERY slow day in the markets, which makes it difficult to be confident in our entries b/c low volume typically brings inconsistent S/R levels. On top of that, we continue to see the result of the snow storms we saw in the US the past 2 weeks with our data servers CLEARLY having a hard time with pushing our charts. After re-loading charts twice, we were exhausted from trying to mess with charts, that we were happy to be back in the markets when they finally got working again around 10:30am EST. To make matters worseafter we loaded our charts @ 1030am and started trading after the delay we took a FULL STOP! Ouch! It has been 3+ weeks since we took a FULL stop. We take pride in our abilities to take SMALL losses and LARGE winners, but this was a FULL stop loss, so it hurt! To make matters worse, the REASON for the losscompletely a mental mistake. Our second trade of the day did NOT have 6 ticks of room to let the trade run, and we missed that, took the trade, and of course, our RULES would have kept us OUT.but we were INand we had to make up for that mistake somehow! So how do you dig yourself out of such a big hole? Lets recallthe market is VERY slow todaywe only took 2 trades1 scratch1 big lossso we had to focus on our plan and wait patiently for the best patterns to take. We cant risk another loss, so we had to be patient. The best way to dig out after a loss is to take a quick break, re-focus, and then prepare yourself for waiting for the next high percentage and PERFECT pattern to take the trade. It doesnt do us any good to take high risk trades when we find ourselves in a hole, its too risky to lose MORE money! So we did just that.we waitedand sure enough (as always) more patterns showed up, and we took the best patterns with confidence! Our 3rd trade made half the loss back Our 4th trade of the day, just before we finished for lunch, made us 24 ticks and got us back in the green for another day well traded! The key today: If you find yourself in a holestop digging. Focus on Rules. 2 Losses / 2 winners TOTAL = +14ticks / $140usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: What are the settings on the time & sales window? - ADV/Download Section: Time & Sales Window Properties (copy that) - Filtered Time & Sales = 10 contracts, Block size = 20 Market Profile: How do we use it? - Used very differently than most traders - Use it as directional bias, and a confirmation tool - FREE Webinar on it all the time, Tuesday & Thursdays @ 1130am EST Limit Moves: - Each exchange has a specific limit to the amount of movement in price in one single trading day - Doesnt happen often - Last time I saw it early 2008 with the credit crunch - Crude Oil: never seen it - Corn, Wheat, Soybeans, saw it often in 2008 - Go to the exchange website for more info on daily limits Max loss per day? - 2 stops in one day Either 1 reason or the other Im not making good decisions today The market may not be in a good position either Both are reasons to STOP giving money away! - Move to simulation - Never stop trading, dont take yourself out of your rhythm OPEX: 3rd Friday of every month, unless the first of the month is a Friday, then its the 4th Friday - Applies to the E-Minis ONLY - NOT to Currencies or Commodities - Most important day is WEDNESDAY (Wacky Wednesday) Options expire on Saturday Last day of trading is Friday, so we call it opex Friday People get started managing their expirations on Wednesday Lots of unpredictable volume Large traders entering and exiting the market without and reason Wednesday = haircut/dentist/eye-doctor/mother-in-law visit Transition into Lunch: - Theres no lunch bell that rings, so we watch the market to tell us Slow Price Action: Red Pace of Tape Indicator Sideways Markets: Flat Trigger Lines (fast) Lack of BIG Money: Fewer orders on FILTERED time & sales window What if your levels are different than JJs? - Re-load your historical data - If your slow time frame doesnt match your fast timeframe levels, you need to re-load the indicator NinjaTrader 6.5templates Delete the file for the chart in question F5 on Slow F5 on Fast That will re-load all your levels 6-Tick Rule: what does it mean? We use Swing Highs/Lows for potential entry points in the market o 6 ticks of room from our potential entry to the next level of S/R o Also check my slow and medium timeframes as well (watch the trigger lines & trend lines) o Ignore other light-blue swing levels Unless you see a bunch of them on top of each other, that gives a lot more importance than a single swing high/low Pace of Tape Indicator: - Measures the speed of the tape -Lots of info on the Youtube page - Does not count volume No different between 100 lot order and 10 lot order, as long as its 1 order Example: RPM in your cars engine, POT = RPM of the market Speed of the Tape Use it most effectively by watching the comparison of where it was and where it is now Rising POT = confirms the move Falling POT = negates the move Example: if Euro price is rising, but POT is falling, tells us fewer people are interested in a rising price, which should develop a reversal Confirmation for entry = RISING POT (falling POT means slower speed, means fewer people) Most important times to use the POT: Entry: confirm the move with RISING POT Exit: Get out of a trade w/ falling (RED) POT, MACD Curls Momentum Curl EXIT: stay in the trade if the POT is consistent With Membership - Charts ($150/mo) - Market Data ($150/mo) Savings $300usd/mo 12 mos = $3600usd per year This course pays for itself in 12 months! Pace of Tape = Advanced Course Only Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

(5 Of 5) Trade Management , Fit Your Needs

Thu, 18 Feb 2010 11:22:01 -0600

Before we move forward, lets recall where we left off in the first 4 videos of this 5-part series 1. 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion 2. The Emotions Behind Trade Management More Targets, Fewer Stops = long term profits 3. Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day 4. 2 Different Approaches Mechanical & Discretionary Trade Management And the 5th & Final Video of this Series on Trade Management is. Trade Management for Different Traders Every trader is different Scalpers, Intra-Day Traders, Swing & Position Traders Those different types of traders have different goals for their trading and they have different account sizes as well. You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader. The easiest way to identify the trade management style that is right for YOU and youre trading goals and resources, you need to identify WHO you are and the resources you have available. In todays video we discuss the importance of a CUSTOM TRADE PLAN that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available. Watch this video to learn the different trade management styles for different traders If you missed the first four (4) videos in this series on trade management, here they are Trade Management Videos: TM Video 1, TM Video 2, TM Video3, TM Video 4 Review Our Trades From Yesterday! Visit Our Home Page For Trading Courses

20 Ticks Today How to get back in your Trading Routine

Wed, 17 Feb 2010 16:57:22 -0600

After missing last Friday & this Tuesday for the long weekend, we had the distinct challenge of getting back in the rhythm of the markets in order to profit this week from our trading. We always have trouble getting back into the swing of things when we go away from the markets for a few days, so here is what we focus on: Embrace your daily routine: our minds and bodies love routine, it makes us confident and comfortable with our actions. The sooner we get back into our routine the better Focus on the rules and the best patterns, rather than your Profit & Loss Statement: its easy to get emotionally-charged when you go back into the markets b/c your mind tells you we need to make up for lost profits, however, we need to avoid allowing those emotions to play into this by following our rules Dont try to do too much: its more important to wait patiently for the very best opportunities to get into a trade then to FORCE the trade b/c you feel like you have missed previous opportunities b/c you were aware from the markets. Again, the most important aspect of getting back into the rhythm of the markets is to get back to where you left off. Focus on your routine and get confident again in what you are doing. It wont take long, but it takes the correct approach. We had a challenging day today b/c we had 2:00pm EST FOMC Meeting Minutes, which meant we KNEW that price would be a little slow today. As always, we follow our routine, we plan our trades and we trade our plan! 3 trades today, 2 winners (its all about managing losses!) TOTAL = 20 ticks or $200usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Click Here To See How We Set-Up Our Workspace TODAYS TRADE ROOM QUESTIONS: Time & Sales Window: -Yes, the larger orders are split up into smaller batches oFiltered Time & Sales shows those small batches -We watch the Filtered Time & Sales Window to identify when those smaller batches hit the market -Wait for large buyers (long) or large sellers (short) -If we dont see anything, we wait for the next pattern How do we manage the News? -Wait 5 mins before, 5-mins after -Exception: US Market OPEN 15-minutes before, 5-mins after If your levels dont match JJs -Re-load historical data -My DocumentsNinjaTrader 6.5templates oDelete the line file for the specific market in question Dynamic Indicator: -Trigger Lines: always changing with price changes Static Indicator: -Prev High of Day: Does not change with current price Delay in Webinar: -No wireless connections -Sometimes its better to use a separate computer than your trading computer (bogged down) -As a member, you have your own charts, market data, indicators, 100% trained on how to use them. Trade Confirmation comes in 3 different forms: -Positive: we see buyers to get long -Negative: we buyers, and avoid a short -No-Confirmation: we dont see anything at all, so we wait -Dont forget the rest of the rules! Momentum, 6-ticks, slope trigger line, etc 11:00am EST Look for Lunch: -Price action will slow down oSlow Pace of Tape (RED < 100) -Sideways Markets oFlat Trigger Lines oAll of them were the SAME price level (big concern) -Big Money Leaves the Market oFewer large orders on FILTERED T& S oLarge orders are our confirmation! So we need them! 11:30am EST always brings more volume, so we wait for it 10:30-11:30am EST = sometimes gets VERY slow (dead zone) www.SpeedTest.net and test your download speed, that will have an impact on how fast you can download the charts, data, and the movement in price Medium Timeframes = additional layers of risk -Show more aggressive traders what risky trades look like -Clearly define a LOW RISK trade to a new trader Always make sure you CPU clock is set to EST, so your charts will follow that clock Time & Sales Window Flickers: -Video Card trying to keep up with the new information, new price data In a slow day like today, what is our profit goals? -Goals = do not lose money -Goals = make money -Goal = wait for the BEST patterns oThis is tough b/c the VOLUME is low RED Pace of Tape oLOW VOLUME = less consistency in our results Consistency comes with consistent volume Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

(4 Of 5) Trade Management

Tue, 16 Feb 2010 12:41:17 -0600

In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Watch the 4th video to see how and when we use these different management styles. Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

(3 Of 5) Trade Management

Fri, 12 Feb 2010 11:40:25 -0600

In todays video we discuss the specifics of our Method of Trade Management Lets recall what weve covered so far In the first video, we discussed the 3 phases of the move: Initial Interest / Noise Follow-Thru Exhaustion With a better understanding of HOW the market moves, our second video discussed the emotional response to our trading, which allowed us to turn our emotions into an ASSET, rather than a liability. We defined our goals for our trade management as Hit more profit targets b/c that builds confidence and contributes to move winning decisions Hit less stops b/c this steals that confidence away from you Never let a winner trade turn into a losing trade Be in a position to capitalize on the BIG moves of the day! With this new knowledge, our 3rd video in this 5-part series covers our method trade management from development to execution. Watch this video on our Trade Management Method Dont miss our next video in this 5-part series, we will go into more detail on the different ways to manage a trade; Mechanically & Discretionary Sometimes the market doesnt do what we want it toand for those times we must know what to do if something goes wrongso dont miss the NEXT VIDEO coming next week! Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

Nightly Newsletter, Trade Room Questions

Thu, 11 Feb 2010 16:04:40 -0600

Today was one of those days that reminded us why we love being traders. Monday, Tuesday Wednesday this week were very challenging, and we were frustrated by the lack of movement and the inconsistency in the price action as the market digested some very important information from Congress & the Fed this week. Today, however, was a different story, and days like today remind us why we patiently trade through days like we saw earlier this week, but we KNOW that days like today will soon return. Today was marked by frequent patterns, and our rules lined up very frequently. We took 6 trades today on Euro, Crude Oil & Gold Futures With the exception of the Gold trade @ 911am EST, we didnt see much more than a little bit of movement against us today, so the day was pretty easy. One thing we spoke about today in the room was that having TIGHT stops allow us to make it through the hard times so we can be in a positive MENTAL position to trade again when the market gets better for us. Today was a good example of how keeping the tough times to a minimum and maximizing the good times is the secret to longevity in this industry. 6 trades today, 6 winners Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes! TODAYS TRADE ROOM QUESTIONS: Where can I find todays news? http://schooloftrade.com/news Pace of Tape Indicator: - Fast timeframe - Short term sentiment indicator o Tells us where the BIAS isup or down o Is the market looking up or down? - Compare the current speed w/ the previous speed: o Decreasing: negates the move o Increasing: confirms the move How many markets? - Universal Patterns (work on ANY liquid market) - Gold, Crude Oil, Euro, Russell, Pound, DAX, ES - Any timeframe, Any chart (5-min, 55tick, 1000Vol) - Range Charts = patterns look better, identifies a slow and sluggish market b/c it wont move w/out range - 3 monitors (2 will be ok)(high-resolution video cards) Charts Jammed? Ctrl+Shift+Esc How much capital do we need? - Not Securities traders, so we DO NOT need 25k - 1 contract minimum (welcome small accounts) - $500/contract (CL $1000) - 3 CONTRACTS = $1500 ($2000) - 4 CL = $4,000 ($5,000)USD Schooloftrade.com/news - Nightly Video - News Headlines from the prev day - Tomorrows News Events upcoming Trade Management: - 4 Contracts traded - 6-tick stop o ATM = move my stop for me automatically  Video: Set up your Workspace o NOT using a trailing stop (except for the 1st target) - 3 targets o 4/8/Runner o Quick target = lock in profit  Move stop to entry +1 (make $)  Eliminates Risk  Guarantees I will NOT be a loser on this trade - Easiest Way to prepare for your entries: - Slow down - Fewer charts - Only 1 market - Watch for 1 pattern - Dont try to watch too much - Only takes a split second to miss the move - Entry Rules are cleared - Know where your TRAP entry is o Worse case o Best case - Wait for your trigger/confirmation Trap Entry: - Entry technique for our members - We do not GIVE it away here in the room - Identifies the Best and Worst Case scenario - Uses limit orders (buy/sell stops) to enter the trades o Do NOT use market orders  Too sloppy  They force into the market, which may be at a bad price (beware) 100% Automation coming out w/ NT 7.0 TradeStation = best for developers, swing traders Day Traders need faster execution, more stable platform RJ Obrien way too expensive (margins, fees, poor execution) IB = requires to connect to their connection first, then the charts connection (too many variables to go wrong) IB has too high margins and way to expenses We GIVE you the charts, market data, indicators, templates Grow your account? 1 contract at a time, add that new contract to the closest target TrendLines = way too inconsistent, areas of CONCERN, so I dont trade around them, I avoid them  Dont have range charts? - Look at other options, range charts should be standard - Tick Charts are a decent substitute, but they wont be the same - We give you the charfts and data w/ membership o Includes range charts, etc 2 very important Mentors: Father Time Hard Work Has your method changed? YES! - Markets change every day - The only thing CONSTANT is CHANGE - Fundamentals are the same o FEAR AND GREED o Patterns o Use of indicators  Changes: stops/target  Specific markets, how we manage the trades  Size stops, size of our account - Whats the best way to endure the test of time? o Understand why price moves the way it does? Tape Reading Daily Goal: can be the WORST thing you have in your mind Set your goal low = 5 ticks, 15ticks, 30 ticks - 2 losses and im out (market is not in my favor) - 100t/ 4 contracts = move to a simulator I dont trust indicators that require a math calculation: - Why? People will find ways to use them incorrectly - Then I cant count on the other traders having the same levels as I do o Self-fulfilling prophesy Example: High of Day Everyone has the same No calculation No volume needed Its the HIGHEST price today, bottom line. The MOST people are watching those levels Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary

Wed, 10 Feb 2010 16:48:52 -0600

We had another challenging day in the markets today! Once againwe knew today was going to be a tough day, heres why Not much news today Ben Bernanke testimony @ 10:00am est BIG Snow Storm on the East Coast, fewer people in the markets This was a good start, but we saw even MORE information from the markets when we opened our charts.. Red Pace of Tape Indicators across the board Flat Trigger Lines All timeframes were flat: Slow, Medium & Fast Lack of BIG MONEY in the market (filtered time & sales window) So the end results We knew ahead of time that today might be very slow, but when we opened our charts, we quickly saw more feedback from the markets which solidified our concerns. Only 4 trades today, very difficult market environment b/c we had lots of patterns, but our rules never really lined up 100%, so we fell short of entry on most of themwatching the market move without the BIG MONEY, which we need to justify our entries. 4 trades today, 1 loss, 2 scratches, 1 winner TODAYS TOTAL = 17 ticks or $170usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! FREE 3-WEEK TRIAL! TODAYS TRADE ROOM QUESTIONS: Look for this RED FLAG @ OPEN: - Flat trigger lines - Red pace of tape indicator - All the Trigger Lines are the SAME level o Look @ Gold today @ 830am est Where can I find more info on the patterns? Rules? - Beginners Course will be a great start - Advanced Course has it all, 100% of everything AGS, Corn, Wheat, Soybeans ZC, ZW, ZS CME Short trading hours: 10:30 2:15pm EST (small window) Key: trading breakouts, but identifying FAILED breakouts Tape Reading, Volume, Understanding the reason why price rises and falls. First ½ hour is VERY low volume, and volatile (watch for volume) After first 30mins, tends to trend a little, but watch out for sideways setting in. Beware of LIMIT UP/DOWN: exchange will halt trading if prices rise more than XXX ticks per trading day. Open @ 1000.00 (limit was 100ticks), Limit UP = 1100.0 How many larger buyers/sellers do we need? - Depends on the SPEED o Good speed = 20+ o Slow Speed = 40+ - 6ticks = more speed = more size - Momentum oversold (short) = more speed = more size

(2 of 5) Trade Management, Emotional Response

Wed, 10 Feb 2010 11:05:10 -0600

The Emotions behind Trade Management & how to Conquer Fear & Greed Where did we leave off last time? Our first video covered Understand the 3 Main Phases of the Move Initial Interest (or) Noise Follow-Thru Exhaustion In our 2nd video of this 5-part series we address the Emotions that affect our trade management. The emotional response to your trading does MORE than just make you happy or angry; it changes your perception of the market, and makes it easier, or more difficult to take the trades that are coming in the future. In this 2nd video we take a look at the EMOTIONAL RESPONSE to your trading, and how it affects our overall trade management structure. More profit targets means you will be more likely to keep winning Hitting stops means you are less likely to keep winning Watch this video on Emotional Response to your trading to find out WHY this happen! Once we know how & why our minds react to the different results we get as traders. Keep an eye out for the NEXT video.Our Trade Management Method itself, and how it will take different forms for different times in the markets we trade. If you missed the first video of this series.here is the link And dont forget our previous video series on the 3 Steps to Your Trading Success

Market Commentary

Tue, 09 Feb 2010 15:48:38 -0600

Today was a great example of how sometimes we need to take our money and get out of the market before we give it all back! We started today with a breaker/2-step combination that made us 21 ticks on the breaker and 14 ticks on the 2-step reversal, so we were off to a great start! We then padded the account with winners on Gold, Crude Oil and Euro Futures. Then the market started to fall apart 10:30 am est came, Obama took the stage, Budget meetings started in Washington, and all of a sudden we started losing water from all directions! Flat trigger lines Slow Price action, red pace of tape VERY slow follow-through on moves in the market We saw this begin to happen, and we knew that we may see our morning come to a close VERY soon, but we were still open to taking tradesthat didnt last too much longer. With a bunch of WINNERS in our pocket, we were confident in our entries, and then we saw 2 of the last 3 trades we took came out as losses, and we knew we had to do something to avoid giving more money back to the market. Remember, the EASIEST way to avoid loss is to STOP TRADING, and we did exactly that @ 11am est when we took our 2nd loss for the morning. So we saw some losses, and that was what it took to get us sitting on hands, and headed for our 1130am est FREE webinar in the live trade room! 10 total trades today, most of the winners were BEFORE 10:30am ESTlook out for that tomorrow so you dont give back that money like we did today! TODAYS TOTAL = 63 TICKS (WAS 87 TICKS) $630USD Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Previous Days SOT Video from YouTube: Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes! FREE 3-WEEK TRIAL! TODAYS TRADE ROOM QUESTIONS: JJ@SchoolOfTrade.com Where can I find todays news? http://schooloftrade.com/news BROKERS & Margins (Sales@SchoolOfTrade.com) Crude Oil = $1,000usd / contract Gold = $500usd / contract How long should your cpu be running? - We used to think it was better to run it all the time, but those days are over - Save Energy, Save Video Cards, Save Monitors, and turn your cpu OFF overnight. - When you re-connect you will still have the data, it will go back and search for the data. - Set your chart properties to 12am start & stop - Set your PC Clock for EST, re-start NT for it to apply to your charts. 1-Contract Trading: - Each week we do FREE Webinars, and 1-contract is always one of the most popular - Specific chapter in the Advanced Course on 1c trading - Specific rules for 1c traders, risk/reward, trade management, etc, etc - All the rules for every market, any lot size, to include 1 c - Risk/Reward = 1:1 is VITAL for a 1c trader Computer Requirements: - Check with your software provider for the min requirements (NinjaTrader.com) - Spend money on RAM, Processor, Video Card (High Resolution) - Most of everything you can! RAM, fastest processor - Most new out-of-box cpus are trader-ready - I dont find the need for a special trading computer What are the best times to trade? - Best times = HIGH VOLUME times o US Morning Session is best (highest volume) o US Afternoon Session (200-400) (lower volume)  Look for YELLOW & GREEN Pace of Tape  Look for SLOPE of TRIGGER LINES  Look for large buyers/sellers on tape o Markets only close for 1 hour each day o Look for best time with volume o Use Pace of Tape to identify these times easily o Trade when you see the BIG MONEY enter the market NYMEX Exchange (Not CME) - Gold (GC) - Crude Oil (CL) CME = Currencies: 6E, 6B, etc (820) How do we execute our orders? Secret Weapon Trap Entry Trading the Euro-Session (3am-1130am EST) - We trade the 3am-530am est (most volume) - Key is at the open, is there good volume - Look for Green Pace of Tape - Look for Higher Highs/Lows (moving market) Crude Oil Times on NYMEX: Pit = 900-230 ELECTRONIC SESSION = 23 HOURS A DAY 515-600EST How many days of data do I use? - Fastest = 1 day - Fast = 5-7 days - Slow = 90+ days

Market Commentary

Mon, 08 Feb 2010 16:17:49 -0600

2 Losses, 2 Winners & Charts Crashed! Just another MONDAY! Once in a while we have a tough day in the markets we trade, and today was the the worse case scenario. We started off with a VERY slow and choppy market today. Crude Oil had all the same trigger lines across all timeframes, so we knew it was going to be slow until they separated a little. We also noticed everything had fewer large buyers/sellers and RED Pace of Tape Indicator, so we also knew that the market was seeing VERY slow price action to start the week. Could it be Monday? Could it be the Super Bowl? What could the issue be that is holding up the price action? We didnt know exactly, but we dont NEED to know WHY, just need to know HOW to trade it. So we had to use patience to wait for the market to give us something to work with. To make matters worse, JJs charts froze @ 935am EST just moments before we got started in the US Session, and thats when we knew it.. Its MONDAY.AHHH! So on top of a very slow and choppy market we had charts jam and freeze on us, which added another obstacle to overcomepatience to get them working again. Just like any other professional, we traders need to be aware of HOW and WHEN to use our tools properly. Just like a General Contractor needs to know how to use his/her tools correctly, so does a trader, and todays trade room was a great example of that. Its hard enough to trade in todays choppy market, but with a technology issue as well, it really tests our control over our emotions. We learned a valuable lesson today when our charts froze: 1.Know your limitations. Is your computer going to crash if you push the limits? 2.Back-up your info. Save your workspace and any other materials on a SEPARATE folder outside of NT to make 200% certain that it cant be corrupted or lost if NT crashes or corrupts. 3.Know your Brokers direct phone number for the trade desk. Who would you call if you were in a trade? 4.Close out NT and re-open your charts, slowly, without making the issue worse 5.When you re-load, repair your database first 6.Load charts and BEFORE you begin trading, go through your ROUTINE 7.DONT SKIP YOUR ROUTINE, you need to get back into the rhythm of the market that you lost when your charts crashed. So, we opened the day with slow choppy markets, so we waitedand then charts locked up and closed on us, so we had to re-load them, get back into our routine, and then keep our emotions from getting the best of us while we worked at getting some profits out of the markets today. We took 4 trades: 2 winners, 2 losses, and we ended up in the GREEN! TOTALS = +8 TICKS, $80USD

Managing The Trade, Part 1 Video Series

Mon, 08 Feb 2010 13:19:56 -0600

Lets recap where we left off so far In our last series we learned about the 3 Steps To Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well. In this video series you will learn: The 3 main phases of the move in the market, and how understanding these will show immediate benefit to the traders Profit & Loss Statement. The Emotions behind Trade Management & how to Conquer Fear & Greed The simple & effective method we use to manage our trades across different markets such as Commodities, E-Minis and Currencies 2 Different Types of Management: Discretionary & Mechanical Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives Lets get started with our first topic. 3 Main Phases of the Move Before you learn how to manage the trade, you need to know how and why the markets are moving in the first place, as well as the different phases each move goes through as it develops. Each market has its own unique personality, but within that personality are the basic building blocks of each move, which are Initial Interest (or) Noise Follow-Thru Exhaustion With the knowledge of these 3 Phases of the Move you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets. Keep an eye out for the next video in this series The Emotions behind Trade Management & how to Conquer Fear & Greed See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Secrets For Success

Fri, 05 Feb 2010 14:22:30 -0600

Step #3: Look for Confirmation of the Move Before we wrap up the 3 Steps to our Trading Success, Lets recall for a moment, our first 2 steps Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! What does confirmation look like? Increasing Speed of Tape, Pace of Tape Indicator Large Buyers/Sellers on the Time & Sales Window Bullish/Bearish Price Patterns on Fast Timeframe Follow-Thru above the Swing-High, or Below the Swing-Low Momentum Curls in your direction Medium/Slow Timeframes; 6 ticks Slope of the Trigger Line Does not take more than 5 minutes to trigger What does NO Confirmation look like? Decreasing Pace of Tape Small orders on the tape Flat Price action, indecision on the charts Momentum curls against you Medium/Slow timeframes re-calculate; 6ticks Trigger Line flattens, nobody has control Doesnt move, stalls, takes; 5mins Lets wrap it all together Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! Whats next? Keep an eye out next week for another video series, which will cover Trade Management! Now that you know HOW to TAKE the tradenow you need to know what to do when you are IN THE TRADE! Our trade management strategies are PROVEN & Time-Tested to be easy to use in the heat of the moment in the markets, and we have both Mechanical and discretionary components to ensure you are able to manage trades in ANY MARKET CONDITION. You dont want to miss our next videos series, it will complete this process of learning to day trade the futures markets with a process as simple as 123!

59 Ticks Today! Read the Future by Identifying the Market Correctly

Wed, 03 Feb 2010 16:48:45 -0600

SchoolofTrade.com Daily Commentary 02-03-10 One of the easiest ways to improve your trading is to understand HOW to IDENTIFY the market each day BEFORE you begin trading. The process of IDENTIFYING the important aspects of the market each day begins with looking and listening to what the market is trying to tell us! We open our charts, and before we begin calling trades, we have to prepare What does the market look like today? oTrending vs. Sideways? oHigh vs. Low Volume? oBig vs. Small Money What type of Events do we have today? oNews events today oPolitical Speakers today oBig Events today What do we have the rest of the week? oImportant event tonight? oImportant event tomorrow? oThe rest of the week? oHoliday this week? As you can see, there is a LOT to look at in order to feel confident that we know where everything is. Once you review these possible variables in the market, we can then ADJUST to what we SEE ahead of us. If we have low volumewe know what to do. No trendwe know what to do Lots of news eventswe know what to do No Big Money yet? We know what to do! If getting off on the right foot each day has been a problem, and it usually is for new traders ( take me for example) this is something we work on EVERY DAY in our live trade room! Come join us tomorrow and learn how to properly identify the day ahead. Know WHO, WHAT, WHERE, WHEN, and WHY for all the markets we trade. Being prepared for the day is like having a good breakfast. If you miss it, you will regret it very soon! We took 5 trades today, had to stay patient to make sure we had everything line up for us, but @ 11am est price action gave us what we needed! 4 trades, 4 winners, and another great day in the live trade room! TODAYS TOTAL = 59 TICKS, $590USD Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

SchoolofTrade.com Daily Commentary 02-02-10

Tue, 02 Feb 2010 16:53:17 -0600

We had a lot to be concerned with when we open the live trade room @ 745am EST.. Non-Farm Payrolls this FridayBIG news event coming this week Secretary Geitner Speaking today & tomorrow Beginning of the month, possible indecision in the market As expected, these outside influences made the market very slow, sluggish, and indecisive. Having a hard time deciding where it wanted to go, we had to wait for it all to line up. So what did we see? 90% of our rules line upbut not 100% No follow-through, the trades we took didnt go very far Early end to the morning, price action didnt move very much for very long So we knew what to expect, and it certainly happened as expected. On days like today, the key is patience. We have to wait for the best trading opportunities. On days like today its more important than ever b/c if we break our rules and trade against them, we may not have a chance to make many trades today, so recovering from a potential LOSS is going to be harder b/c the volume on days like today makes it hard to see a lot of opportunities. Patience is keybut what are we looking for? High-Percentage patterns according to our rules, and nothing else. Its easy on days like today to get anxious to trade, an itchy trigger finger but we need to remember that what makes us successful on HIGH volume days, is the SAME strategy we need to execute on LOW volume days. We can change the way we trade as the market changes. Stay focused on the long run, and follow those rules. Our rules are used to identify a market that is in a positive earning position. Without the rules, we would be left trading with emotion, and we ALL know how that story endswith the trader BROKE and penniless! Follow those rules, we provide them to all of our members! We took 5 trades today. 2 of them were scratch trades, and todays total was TOTAL TODAY: 26 ticks, $270usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

3 Steps To Success, Step 2 Identify Patterns

Tue, 02 Feb 2010 11:40:43 -0600

Step #2: Entry Rules Identify the Highest-Percentage Patterns Lets recall for a moment, our first step Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Once we see those important patterns show up around those important price levels, we have to look at Step #2... Now we much use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Before we can do that, we must be aware of what those rules are! Our Advanced Members receive a full, detailed copy of our entry rules, but for live trading, we use a shorter version, which we call the CHEAT SHEET, and there is a copy of these rules posted on our blog for your reference. Lets go over these rules 1 by 1 for each pattern set-up so you can get familiar with them Its important that you are awarethese rules are listed in order of importance, so the first on the list is checked first, and the bottom is checked last Wave Set-Up: Breakout Above/Below Trigger Line HH/LL Perfect Pattern 6-8 Ticks Medium & Slow Trigger Slope Momentum (check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Breaker Set-Up: Breakout Above/Below Swing-High/Low Perfect Pattern 6-8 Ticks Medium & Slow Trigger Slope Momentum(check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Set-Up: Short-Term Trend @ Extremes 6-8 Ticks Medium & Slow Momentum(check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Lets Recap Step #1 is to let our AUTO-LEVELS indicator find the most important levels of support/resistance. Once we find those important levels, we then wait for simple patterns to develop around those levels, such as the Wave, Breaker, and 2-Step as weve discussed in earlier videos in this series. With those patterns now developing, we check our detailed and specific entry rules (Step #2) to identify the pattern as either being HIGH or LOW probability. If the trade does NOT meet our entry rules criteria, we will avoid the trade, and potentially look for that trade in the opposite direction using our 2-Step Counter-trend reversal entry pattern. If the trade DOES meet our entry rules criteria, I will then move to Step #3.Look for Confirmation so we can enter the trade with confidence. In our next video we will discuss Step #3, which is the final part of this process, which is to look for the confirmation of the move, and enter the trade. Keep an eye out for video #3 of this series later this week! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 2-1-10

Tue, 02 Feb 2010 10:21:37 -0600

We opened the live trade room today and had a few concerns on our mind.. We ended January with a HUGE profit, so we didnt want to trade too aggressively This was the first day of the month This is a Monday We had Treasury Secretary Geithner speaking @ 1030am EST We had President Obama speaking at 11am EST Knowing all of this, we had to be in the right MINDSET to be able to.. Not get emotionally-charged when we started Wait for the best patterns Wait for the market to have enough VOLUME Wait for the BIG MONEY to enter the market after being on break for the weekend Like most Mondays, people are slow to get into their trading desk. There hasnt been much overnight trading besides the Asian & European open, so there isnt much feedback to read from the market yet. One of the most important aspects of day trading is confidence, and this is the confidence to WAIT this morning for exactly what we KNOW we want to see. Volume Green Pace of Tape Higher-Highs, Lower-Lows Bug Buyers/Sellers These aspects showed up just before 1100am est, and b/c we had the confidence in our patience to wait for the best patterns, we were in a great POSITIVE MINDSET to conquer the market in any form today. We still didnt see very good price action, but our patience was able to allow us to wait for the times in the market that presented the most potential for profits.

Quiz Time, Be The First To Answer

Mon, 01 Feb 2010 13:16:45 -0600

Follow This Link To Post Your Answer For This Quiz

3 Steps to your Trading Success

Fri, 29 Jan 2010 12:55:09 -0600

The markets can be VERY chaotic for a new trader, and theres no wonder why Lots of different markets to trade o E-Mini: ES, YM, TF, NQ o Currencies: Euro, Pound, Yen o Commodities: Gold, Crude Oil, Corn, Wheat o Fixed Income: Bonds & Notes Different timeframes to trade o Scalper on a fast timeframe o Day Trader on a medium timeframe o Position trader on a slower timeframe Different levels of support & resistance o HOD/LOD o OPEN/CLOSE o Moving Averages o Pivots o Fibonaccis o The list goes on Different Times to trade: o Breakouts o Failed breakouts o Buy Pullbacks o Sell Retracements o At the Open (or) At the Close o During News events (or) after news events o US Session, Euro Session, Asian Sessionwhich is best? With all of this to learnhow does the SchoolOfTrade.com make this learning process so simple? Its as easy as 123 Step #1: Identify the Patterns Set-Ups at IMPORTANT PRICE LEVELS Finding the Price Levels: Price levels are located for us automatically using our proprietary indicators, such as the AUTO-LEVELS Indicator, which makes these levels VERY easy to locate. Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns AROUND these levels. Watch for these 3 simple PRICE PATTERNS: Wave Pattern Set-up Trend-Continuation Pattern Watch for the Trigger-Line to make new Highs/Lows to take trade. 80% Winning Ratio The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Breaker Pattern Set-Up: Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Pattern Set-Up: Counter-Trend Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry Profits taken slightly tighter b/c of Counter-trend pattern 75% Winning Ratio The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Watch out for our next emailwhere we will cover the ENTRY RULES, the 2nd important step to your trading success. See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

SchoolofTrade.com Daily Commentary 01-28-10

Fri, 29 Jan 2010 11:46:19 -0600

SchoolofTrade.com Daily Commentary 01-28-10 Today was a challenging day in the markets, well, it started out that way, but it soon got pretty easy once the day began to develop. We opened the charts @ 745am EST and noticed the following: Red Pace of Tape Indicator, slow price action Wide Trading Ranges: High ATR Reading Steep Slopes to our Trigger Lines, market was moving Momentum was very choppy, back and forth, shows indecision in the market So with slow price action, but wide ranges and confused momentum, the market was pretty off-balance and we had to wait a little to let the traders decide which direction they wanted to trade with. While we were waiting for some consistency we watched as our patterns set up, but with no consistency in momentum, it was difficult to have confidence entering a trade in the early part of the morning. This changed eventually, but we had to wait until after 930am EST to really begin seeing a market we could trade confidently. Once the Natural Gas Inventories came and went @ 1030am EST, it was all downhill from there. We saw only small winners until 1030am EST, and then we started seeing some BIG runners that really added to our bottom line today. 8 total trades, 8 winners, another day filled with winners! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 1-27-10

Thu, 28 Jan 2010 10:05:06 -0600

SchoolofTrade.com Daily Commentary 01-27-10 FOMC DAY! Today was FOMC Day, which is the day in which the Federal Reserve announces if they will be changing interest rates for the United States. This type of news event is a MAJOR event that literally determines the entire day of trading activity. FOMC days are always on Wednesdays, and they are always characterized by the following: Slow start to the morning Small window of good volume and price action Morning session ends early, much like a Friday The market tends to flutter to the up-side in anticipation of the announcement Lunch time lasts until 215pm EST The announcement is released @ 215pm EST or a few minutes thereafter The market goes CRAZY for 5 minutes The market decides on a general direction 230pm EST through 400pm EST is high volume, very volatile On days like FOMC day, we have to be careful. We know we need to get into the market early today b/c it wasnt going to last very long. We also had to use patience to wait for the announcement to be released. This can be tough, b/c the market loves to make head fakes and try to get us to jump into the market on lower volume, but we must stay focused on trading AFTER the 215pm announcement is made. Once the announcement is made, we STILL need to wait and see if the market will get into any real form or trend as it finishes the days trading. All too often we make money in the morning, and then we cant resist the price action moving so fast post-announcement and we give most of the profits back! A wise trader knows what he/she does not, so stick to the sidelines on days like today, and know WHEN to be trading, and WHAT to look for to enter in this challenging environment.

Market Commentary 1-26-10

Wed, 27 Jan 2010 10:04:45 -0600

SchoolofTrade.com Daily Commentary 01-26-10 Another great day of trading in our LIVE TRADE ROOM! Today was Tuesday, and we had a big day trading yesterday, so we knew we had some room to breathe for the week, but we didnt want to get sloppy and make a mistake. We opened the room @ 745am EST and we saw Red Pace of Tape Indicator 3 of 4 markets trading at their opens/closes Flat Trigger Lines across all timeframes This told us very quickly that we had to wait for the price action to gain some speed and momentum, and wait we did. Our first potential set-up of the day was one of the most common we see across all the markets we trade.. As price falls, we look for a BREAKER SHORT PATTERN, and then once that pattern is exhausted we see a REVERSAL 2-STEP LONG PATTERN. This combination of trend-continuation and then immediately into the trend-reversal is one of the easiest ways to get off to a GREAT start in the day!

Market Commentary 1-25-10

Tue, 26 Jan 2010 10:24:04 -0600

SchoolofTrade.com Daily Commentary 01-25-10 We opened our week today with another profitable day trading futures! Today was Monday, we expected it to take a little longer to get moving this morning, just like everything on a Monday, we wait for people to get into work and get started for the week! So we had to be patientbut not for long... We saw Gold & Crude Oil Futures moving the most today, so we watched them closely and made a total of 6 trades, including 1 loss: 945 +20ticks 1047 Scratch 1145 +19ticks So we made a good amount of money before 1030am est, gave back a little bit of it on a small loss, and then were able to focus on the very best opportunities and made back a good amount of that small loss. TOTAL = 83 TICKS $830USD.only 4 contracts! At the end of the day we made a bunch of points, and we were very satisfied with these results, especially since we took that loss, and losses often times results in less confident trading, which can be difficult on a Monday. Our mission was to get started on the right foot this week. Missionaccomplished. See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 1-22-10

Mon, 25 Jan 2010 15:39:52 -0600

SchoolofTrade.com Daily Commentary 01-22-10 What an amazing week in the live trade room! Another week filled with winners & PROFITS! We had a few moments this week that were tough.. We had to get passed the Martin Luther King Holiday on Monday On Tuesday we started the day with a LOSS, and had to overcome our emotions to avoid getting any deeper in the holewe certainly didand ended Tuesday with $500! Wednesday and Thursday were HUGE! Lots of price movement, green pace of tape indicator, and both our guests and members ALL made extraordinary gains in their trade accounts! Today, Friday, we had to be careful Fridays are always a mixed bag of expectations. Heres why o We want to finish up our week on a strong note o We dont want to give back any hard-earned profits o We have to be aware the day will end early, as people leave early for the weekend o We need to follow our rules explicitly to make sure we dont make any careless mistakes. Today was even more potentially dangerous b/c it was a Friday without any major news events, so we didnt have the catalyst we look for to get prices moving! So with a Friday w/out any major news, we had to stay patient. We started off trading Gold (GC) Futures: 901: +21ticks 1006 +12ticks 1007 +10ticks 1012 +20ticks 1022 +4 ticks We were on a roll! Everything was going perfectly until we started looking at Crude Oil (CL) futures around 11:00am EST. At 1100am est I made a comment tobe careful trading after 11am est on a Friday! Sure enough, the next 2 trades we took were small losses or scratches. 1101 -20ticksOuch! 1104 +0ticksscratch. So, as you can see, we made great money in the early morning, but as expected, and as ANNOUNCED LIVE IN THE TRADE ROOM, price action becomes VERY unpredictable after 11am est on a Friday. Next time, I will listen to my own advice and head to the gold course @ 1100am est, rather than the market! Review Our Trades From Yesterday! Check Out Our Trade History On Scribd

Market Commentary 1-20-10

Thu, 21 Jan 2010 11:44:56 -0600

We made over $1000 today in the live trade room on only 4 contracts. We took our first trade of the day on the Gold, and honestly, we jumped the gun a little. Yes, we are all human, and sometimes we make mistakes. The pattern looked perfect, we had lots of support from the BIG buyers, but we didnt have enough Pace of the Tape, which is why we decided to cut the trade early for a small loss. Once we got into the trade, I noticed right away that we made a mistake Red Pace of Tape, and it was DECREASING Momentum Curled over from being OVER-BOUGHT (oh no!) and pointed down against our position Once we saw that, we knew we made a mistake, and had to aggressively get out of the position, which meant moving my stop from 6-ticks below my entry up to my initial point of entry, costing us a few ticks of valuable profits. Heres a Good Rule of Thumb AGGRESSIVE ENTRIES REQUIRE AGGRESSIVE EXITS. You simply cannot have one without the other. This first trade on Gold was an excellent example of thatin order to be able to confidently enter an aggressive trade, I must first identify confidence in using my EXIT rules to cut the trade early if I dont make the right trading decision. Sure enough, after this minor mistake, we settled down, focused on our mechanical rules, and stuck to following them 100%. Losses are a part of trading, its how we HANDLE those losses is the difference between going home in the RED or the GREEN $ 1,007.50 4 Contracts 855 GC 2-STEP LONG @ 1124.0; -1(4) = -4TICKS (-$40) 1004 TF SHORT @ 37.6; 4(2)/8/5= +21TICKS 1017 GC 2-STEP SHORT @ 1116.O; 4(2)/8/1 = +17T 1104 GOLD SHORT @ 1110.4; 4(1)/1(2) = +10TICKS 1119 GOLD H/R BREAKER LONG @ 1111.2; 4(2)/1(2) +10TICKS 4 CONTRACTS NEEDED! STARTED OUR DAY WITH A LOSS!! See you in the trade room tomorrow @ 745am EST! Previous Days SOT Video from YouTube: Review Our Trades From Yesterday! Visit Our Home Page For More Information On All Of Our Trade Packages.

Market Commentary 1-19-09

Wed, 20 Jan 2010 13:28:59 -0600

SchoolofTrade.com Daily Commentary 01-19-10 Another GREAT day in the LIVE TRADE ROOM! The day started off with a very slow and sluggish marketit looked like a Tuesday, but it FELT like a Monday! Remember, we didnt have any action on Monday (yesterday) b/c of the MLK Holiday, so we were eager to get back into trading today, and we sure got our opportunities! Once again, patience pays off when you focus on following rules, avoiding the trades that DO NOT fit the rules, and taking the trades that DO fit them exactly. One VERY important thing that was missing from today was a term we call Follow-Through which means that the patterns are setting up, AND the traders push those moves more than 10 ticks. We DID NOT see any follow through until after 1000am EST today We had to wait for the market to give us something to work for, and around 10:30am EST we got the price action we needed: - Green Pace of Tape Indicator - Lots of Large Buyers/Sellers - Plenty of Room to let the trade run - Momentum on our side When these all lined up, the trades came quite quickly, and we took the following trades with confidence! - 1029 CL BREAKER SHORT @ 77.77; 4(2)/1(2)=+10TICKS - 1117 6E BREAKER SHORT @ 4266; 4(2)/8/5 = +21TICKS (263) Total for the day = $503.00 A great total for a challenging day today! Review Our Trades From Yesterday! Take Our Quizzes And Win Great Prizes

Market Commentary 1-18-10

Tue, 19 Jan 2010 13:42:27 -0600

Market Commentary 1-18-10 Today was Martin Luther King Jr. Holiday here in the United States, which meant Bond & equity Markets were closed or closed early today. Whenever you have a day with a Holiday, you will typically see less-than-desirable trading volume and will want to use EXTRA caution. Most professional traders will opt for the GOLF CLUBS rather than the trading charts on a Holiday, but we chose to use this time productively for our members today, and did some education and lots of training. One of the most important aspects of any traders skills is the morning routine. Our morning routine is intended to do a few things: Physically Prepare us for the day ahead (wake us up!) Identify the News events for the day ahead o Set our alarm clock to budget our time wisely around those news events Identify the market as either High/Low Volume, Sideways or trending Identify the most important levels of support and resistance o We use our SLOW timeframes for the MAJOR levels of S/R Adjust our trading style to fit todays market environment Mentally prepare for the day ahead o Think like a trader o Review notes from Yesterday o Review your trading rules so they are FRESH in your mind Today was a Holiday, so we spent the majority of the morning talking about this ROUTINE, and the many different things we look for during this time. Once we had our routine completed we talked about our high-percentage trade set-ups: Wave: Trend-Continuation Pattern, 85% win ratio Breaker: Trend-Continuation Pattern, 80% win ratio 2-Step: Trend-Reversal Pattern, 75% win ratio After reviewing the details of these set-up patterns we saw a few examples in the markets (which werent moving too well today due to the Holiday) and took as many questions needed from our Members & Guests. We then went into our Webinar, which is normally ONLY on Tuesday and Thursdays, but todays Holiday meant we wanted to offer some more opportunity to LEARN today (since there wasnt much market to watch), and this was on Growing Your Account from 1-Contract to 100 Contracts! This is always one of my FAVORITE webinars, 1 contract trading and growing your trade account, mostly because we have ALL been there before. Almost every long term success story with our members BEGINS with 1-contract and the goal of building that account by aggressively searching for conservative, high-percentage set-ups. Most guests are always a bit surprised when they see the details of this webinar, in fact, many traders disagree with how we structure 1-contract account growth, but when they SEE what the REASONS are behind it, it all starts to make sense Focus on Consistency & Building Confidence.not buying the new Ferrari! No Trade Management, 1 target, 1 stop loss 1:1 Risk Reward Ratio Plan on Making Mistakes! Focus on adding 1 new contract every 4-6 weeks Focused on consistency in your results at each level of your trading. If you missed this webinar on Growing your account from 1 to 100 contracts, be sure to join the FREE 3-WEEK TRIAL and attend our trade room where you will be able to see the NEXT webinar in real timeyou wont be disappointed!

Quiz of Day! & Raffle

Mon, 18 Jan 2010 20:48:29 -0600

MORE INFO ON OUR NEW INDICATOR!! MORE INFO ON OUR TRADE SIGNAL ROOM JOIN OUR LIVE TRADE SIGNAL ROOM.FREE 3 WEEKS! Nightly Newsletter, Jan. 18th 2010 HERES HOW TO JOIN AS A MEMBER! MORE INFO ON OUR 3-WEEK FREE TRIAL! REGISTER HERE FOR A 3-WEEK FREE TRIAL! Quote of the Day Life's not always fair. Sometimes you can get a splinter even sliding down a rainbow. HERES HOW TO JOIN AS A MEMBER! Economic News to Watch Tomorrow Tuesday, January 19th, 2010 Economic 09:00 BoC Rate Decision, Nov Net Long-Term TIC Flows (last $20.7B), Nov Total Net TIC Flows (last -$13.9B) 13:00 Jan NAHB Housing Market Index (last 16) Todays Headlines 8:30:01 AM *(US) INITIAL JOBLESS CLAIMS: 444K V 437KE; CONTINUING CLAIMS: 4.596M V 4.750ME - Prior Initial Claims revised from 434K to 433K - Prior Continuing Claims revised from 4.802M to 4.807M - 4 week average for claims at 441K v 450K prior (lowestest since mid 2008) 1:00:08 AM (IT) Italy Nov Total Trade Balance: -790M v -500Me; Trade Balance EU: -760M v -750Me - Prior Total Trade Balance revised from -710M to -727M - Prior EU Trade Balance revised from -825M to -841M 3:00:30 AM (GE) German Bundesbank Monthly Report: Recovery in German economy expected to have contiunued in Q4; Outlook for exports improving - Recovery in economy remains fundamentally intact - Expansion in Q4 expected to be slower than in Q3 - Foreign sales seen as holding up through Q4 2:33:29 AM Analysts at Credit Suisse initiate European Airlines sector Overweight - British Airways, EasyJet, Iberia, Ryanair rated new Outperform - Lufthansa, AirBerlin rated new Neutral - AirFrance rated new Underperform 2:58:37 AM (FR) French Fin Min: FY10 GDP forecast at 1.4% v 0.75% prior ***Reminder: On Jan 15 - France Fin Min Lagarde: French growth accelerated in Q4; guides 2010 inflation at 1.2% 3:55:01 AM Standard Life: UK AAA credit rating is "extremely vulnerable"; Current mix of economic and political factors seen as 'toxic' **Note similar comments made on Dec 15th - Moodys said the UK is running out of time in its battle to keep AAA sovereign rating - London Independent (Update) - According to Moodys, buyers of gilts were not likely to continue supporting the UK, if a credible plan to retore the UK's public finances to health was not unveiled before the end of next year. HERES HOW TO JOIN AS A MEMBER! Get More Tips From Our YouTube Page Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 6 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Market Commentary 1-15-10

Mon, 18 Jan 2010 12:41:44 -0600

SchoolofTrade.com Daily Commentary 01-15-10 We didnt really know what to expect on Friday, except for some slightly lower volume due to the Holiday coming on Monday, however, any concern over what the day looked like was answered soon after we opened our charts. What we saw was an example of what most new traders MISS when they begin their trading daythe market was SCREAMING at us its intentions, and we were able to interpret those intentions based on a few simple technical indicators. Heres what we saw @ 745am EST: Most markets were sitting on their previous close levels Most markets were trading in a narrow trading range Very little LARGE orders on the Time & Sales Window Our Pace of Tape ® indicator was all VERY low and RED When we see days like these we know one thing is for certain.BEWARE. When the markets open and sit on their previous close level that alerts us that there is very LITTLE conviction in the market as to whether we will go UP or DOWN. Think of it this way The SELLERS tried to move it DOWNnobody there. The BUYERS tried to push it back UP.nobody there either So price sits there, flat, on the close of the previous day. In addition to sitting on its close, we saw a very narrow trading range, which gave us a heads up that even if we DID see anything worth trading today, the potential for profit would be less b/c the market simply wasnt moving with any range. We also noticed there were NO big money traders in the market b/c the FILTERED time & sales window was almost empty across the boardwhere WAS everyone? And lastlythe Pace of Tape was RED, and VERY low time to grab the GOLF CLUBS! Days like today come around at least 2-3 times a month, and when they do, they threaten to TAKE BACK all the money we worked so hard for throughout the week. Did you see these vital signs of the market? Did you miss what the market was telling you? If so, be sure to come join us on Monday, and well show you EXACTLY what to look for next time! Review Our Trades From Yesterday! See All Of Our Recent Trades And Take Our Quizzes

Market Commentary 1-14-09

Fri, 15 Jan 2010 16:13:51 -0600

SchoolofTrade.com Daily Commentary 01-14-10 We finally got into a rhythm this morning on a day filled with important news events and political figures speaking. With the ECB Interest Rate Decision @ 745am EST, Jobless Claims Report @ 830am EST, and Natural Gas Inventories @ 1030 we had lots of activity to be watching, and the day went very well. We new when we opened the trade room we were looking for volume to pick up after 830s Jobless Claims report, and it did, and we were able to make some money BEFORE 930am, which is always a good sign of things to come! One of the best learning opportunities came when we took our 2nd trade on Crude Oil Futures. We entered the market using our specific trading rules, which means we made the correct decision to enter the market. Sometimes however, the market doesnt agree, and in this case, the market sat on our entry and didnt go anywhere. At that point we had waited for 5 seconds to see if the buyers would help us out, but they were nowhere to be found, so we followed our rules once again and exited the trade for a scratch trade, no profit, no loss. Trades like that happen ALL THE TIME and we are very successful in preventing losses b/c we know what to look for when we EXIT the trade, and we did so with confidence, and that is the difference between NO LOSS and a SMALL LOSS. Last day of trading for the week is tomorrow, dont miss it! 905 CL BREAKER LONG @ 79.50; 5(2)/3(2) = +16TICKS 906 CL RE-ENTRY LONG @ 79.57; EARLY EXIT SCRATCH 1100 CL 79.19 2-STEP SHORT; 4(2)/8/10 = +26TICKS 1128 CL BREAKER LONG @ 79.44; 4(2)/2(2) = +12TICKS TOTAL = 54TICKS ($540) 4 CONTRACTS Previous Days SOT Video from YouTube Review Our Trades From Yesterday! Check Out All Of Our Trading Courses We Offer Today

1-13-10 Market Commentary

Thu, 14 Jan 2010 15:23:30 -0600

SchoolofTrade.com Daily Commentary 01-13-10 When we opened our trade room today we quickly saw a VERY different market environment that we saw Monday and Tuesday this week. We had good volume, the market was moving, but we were still missing somethingfollow-through. Follow-through is a term used to describe the process of confirming the move in the market. For example, we see a pattern develop on the Gold futures Market, the volume is good, lots of interest in the market at that area, but the momentum doesnt confirm, so we have to wait. Its important on days like today that we remember we need to use 100% of our rules, and when we try to cut corners in our trading, the markets have a very efficient way of telling us we made a mistake, causing us to lose money, and more importantly, confidence. Remember, the highest % trades are the ones we want, which means that our rules need to be 100% satisfied. Anything less means you are playing with the potential of a reversal b/c its NOT a high-percentage trading opportunity. We still made money today, even with 1 loss! 907 CL = +18T 1011 CL = -19T 1024 GC = +8T 1048 GC = +10T TOTAL = 17T ($170)

Secrets to Success

Sun, 10 Jan 2010 22:34:50 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In Video #4 Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: More video series to come in 2010! Happy Holidays to All! Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! (Dont forget! Last day of Trading in 2009 is Dec 11th we Re-Open January 11th @ 745am EST!) FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! TRADING VIDEOS on our YOUTUBE PAGE!

Secrets For Success

Fri, 11 Dec 2009 11:40:50 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In Video #4 Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: More video series to come in 2010! Happy Holidays to All! Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! (Dont forget! Last day of Trading in 2009 is Dec 11th we Re-Open January 11th @ 745am EST!) FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! TRADING VIDEOS on our YOUTUBE PAGE!

Secrets For Success

Wed, 09 Dec 2009 13:38:59 -0600

Secrets For Success

Mon, 07 Dec 2009 14:09:27 -0600

Our 3rd video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle.

Secrets For Success

Thu, 03 Dec 2009 13:52:56 -0600

In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency. Lets first recall where we left off on our Last Video We Listened to My (JJs) story of HOW and WHY he created the Discipline Cycle We Learn what the Discipline Cycle is and how it works We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Now that weve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this cycle In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle! Keep an eye out for the 3rd Video of this seriesyour Profit & Loss Statement will THANK YOU! Stick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Joseph James FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! Subscribe To Our VIDEOS on our YOUTUBE PAGE! Take our Quizzes And Win A Course Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 01 Dec 2009 14:58:37 -0600

Discipline Cycle, 5 Part Series Your Emotions can be an asset or a liability to your trading; I think we all agree on that. Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we cant keep them under control. Created in 2003, the Discipline Cycle is the by-product of Joseph James attempts to find an easy way to change the emotional impact on his trading. Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader. In this first video of this 5-part series you will Listen Josephs story of HOW and WHY he created the Discipline Cycle Learn what the Discipline Cycle is and how it works Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Oh.wait!!!!!! If youre thinking to yourself right now.why do I need Discipline? YOU are the trader this video series is designed for! Watch this seriesyour PnL statement will THANK YOU! If you Missed Out On Any Of The Trade Management Videos Click here Click Here To Grab Your Free News Reminder Indicator Take This Quiz For A Chance To Win A Free Course See Our Trades For The Last 6 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 24 Nov 2009 14:21:36 -0600

Why Are We Better Than The Rest?

Wed, 18 Nov 2009 12:43:37 -0600

How To Make The Most Out Of The School Of Trade First of all, let me start off by saying, thank you for putting your confidence in the School of Trade! As your personal day trading teacher, there are numerous ways to benefit from your membership with the School of Trade, whether youre a part of our beginners course or an advanced member. Before doing anything else, here are some simple steps to get started with the School of trade today! First, make sure you visit our HomePage and join our newsletter for daily trading updates (bottom right hand corner of website) as well as register for a free trial, by simply clicking on the Free Trial link at the top of our homepage! To start, lets cover the vast range of benefits you will gain access to as a

Secrets For Success

Tue, 17 Nov 2009 14:07:54 -0600

Trade Management For Different Traders In todays video (5 of 5) we discuss how each trader is different. Before we move forward, lets recall where we left off in the first 4 videos of this 5-part series Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Video #4: Two Different Approaches The Differences Between Mechanical And Discretionary Trade Management And the 5th & Final Video of this Series on Trade Management is. Trade Management for Different Traders Every trader is different Scalpers, Intra-Day Traders, Swing & Position Traders Those different types of traders have different goals for their trading and they have different account sizes as well. You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader. The easiest way to identify the trade management style that is right for YOU and youre trading goals and resources, you need to identify WHO you are and the resources you have available. In todays video we discuss the importance of a CUSTOM TRADE PLAN that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available. Watch this video to learn the different trade management styles for different traders Dont forget! We will be closed this Friday b/c we will be in Las Vegas for the Traders Expo, so come see us in Sin City! Click Here To Grab Your Free News Reminder Indicator Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Thu, 12 Nov 2009 15:02:47 -0600

Managing The Trade In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Watch the 4th video to see how and when we use these different management styles Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Dont forget, if you missed the first 3 videos, you can find them here: Video 1 Video 2 Video 3 Click Here To Grab Your Free News Reminder Indicator Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 10 Nov 2009 12:56:00 -0600

Managing The Trade Lets recap where we left off so far In our last series we learned about the 3 Steps to Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well.

Secrets For Success

Fri, 06 Nov 2009 13:44:05 -0600

Managing The Trade Lets recap where we left off so far In our last series we learned about the 3 Steps To Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to

Secrets For Success

Wed, 04 Nov 2009 15:01:38 -0600

Managing The Trade Video Series #3: Managing the Trade Lets recap where we left off so far In our last series we learned about the 3 Steps to Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well. In this video series you will learn: The 3 main phases of the move in the market, and how understanding these will show immediate benefit to the traders Profit & Loss Statement. The Emotions behind Trade Management & how to Conquer Fear & Greed The simple & effective method we use to manage our trades across different markets such as Commodities, E-Minis and Currencies 2 Different Types of Management: Discretionary & Mechanical Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives Lets get started with our first topic. 3 Main Phases of the Move Before you learn how to manage the trade, you need to know how and why the markets are moving in the first place, as well as the different phases each move goes through as it develops. Each market has its own unique personality, but within that personality are the basic building blocks of each move, which are Initial Interest (or) Noise Follow-Thru Exhaustion

Secrets For Success

Mon, 02 Nov 2009 12:28:55 -0600

Look For Confirmation Of The Move Step #3: Look for Confirmation of the Move Before we wrap up the 3 Steps to our Trading Success, Lets recall for a moment, our first 2 steps Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! What does confirmation look like? Click Here To See Full Size Image Increasing Speed of Tape, Pace of Tape Indicator Large Buyers/Sellers on the Time & Sales Window Bullish/Bearish Price Patterns on Fast Timeframe Follow-Thru above the Swing-High, or Below the Swing-Low Momentum Curls in your direction Medium/Slow Timeframes > 6 ticks Slope of the Trigger Line Does not take more than 5 minutes to trigger What does NO Confirmation look like?

Secrets For Success

Fri, 30 Oct 2009 12:44:14 -0500

Secrets For Success

Wed, 28 Oct 2009 14:15:30 -0500

Use These Entry Rules To Qualify Trades Step #2: Entry Rules Identify the Highest-Percentage Patterns Lets recall for a moment, our first step Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Once we see those important patterns show up around those important price levels, we have to look at Step #2... Now we much use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Before we can do that, we must be aware of what those rules are! Our Advanced Members receive a full, detailed copy of our entry rules, but for live trading, we use a shorter version, which we call the CHEAT SHEET, and there is a copy of these rules posted on our blog for your reference.

Secrets For Success

Tue, 27 Oct 2009 14:01:27 -0500

Must Identify Price Patterns First The markets can be VERY chaotic for a new trader, and theres no wonder why Many different markets to trade E-Mini: ES, YM, TF, NQ Currencies: Euro, Pound, Yen Commodities: Gold, Crude Oil, Corn, Wheat Fixed Income: Bonds & Notes Different timeframes to trade Scalper on a fast timeframe Day Trader on a medium timeframe Position trader on a slower timeframe Different levels of support & resistance HOD/LOD OPEN/CLOSE Moving Averages Pivots Fibonacci The list goes on Different Times to trade: Breakouts Failed breakouts Buy Pullbacks Sell Retracements At the Open (or) At the Close During News events (or) after news events US Session, Euro Session, Asian Sessionwhich is best? With all of this to learnhow does the SchoolOfTrade.com make this learning process so simple? Its as easy as 123 Step #1: Identify the Patterns Set-Ups at IMPORTANT PRICE LEVELS Finding the Price Levels: Price levels are located for us automatically using our proprietary indicators, such as the AUTO-LEVELS Indicator, which makes these levels VERY easy to locate. Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns AROUND these levels. Watch for these 3 simple PRICE PATTERNS: Wave Pattern Set-up Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Pattern Set-Up:

Secrets For Success

Thu, 22 Oct 2009 13:06:41 -0500

2 Step Set-Up First, Its important that we break these into 2 main categories: Trend-Continuation Perfect for trending markets, high volume, price making higher-highs & lower-lows Wave Set-Up Breaker Set-Up Counter-Trend Perfect for choppy, sideways markets with low volume, double-tops & double-bottoms 2-Step Set-up Lets get to know the 2 Step shall we? Scroll down to review the Breaker and Wave Set-Ups. The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Remember, we teach over 10 different set-ups in our Advanced Materials, but these are the 3 highest-probability and consistent patterns we see every day in the markets we trade. Live Webinar Today 4:30pm EST (1:30pm PST) Grab Your Seat Now Get More Tips From Our YouTube Page Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Wed, 21 Oct 2009 13:11:45 -0500

The Wave Set-Up The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Trend-Continuation Pattern Watch for the Trigger-Line to make new Highs/Lows to take trade 80% Winning Ratio Remember, we teach over 10 different set-ups in our Advanced Materials, but these are the 3 highest-probability and consistent patterns we see every day in the markets we trade. Complete List Of What Products We Use Everyday, Shop For What You Need! Learn More About Our Trading Methodology From Our YouTube Page See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 20 Oct 2009 15:31:41 -0500

The Breaker Set-Up The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 11:10:45 -0500

Learn How WE Read The Tape Market participants leave their footprintstelling us where theyve been, and giving us clues as to the direction theyre headed in the future What is it? Tape Reading is the study of raw price action as it comes across your time & sales window, and is considered by most to be the purest form of the market. The term tape comes from ticker tape; print out by the ticker tape machines available since 1870s which reports the latest trade/bid/ask update information. How its used: Predict short term price changes by examining price and volume information as it comes across the ticker tape. Most effectively used at potential turning points in the market to gauge overall market sentiment and help determine the future direction of price. Traders use this to see confirmation of a potential trade set-up, or a heads-up that a set-up should be avoided. Also used as an indicator of when momentum has dried up, signaling a trader to take profits or to limit his/her risk on a position. Benefit to the trader: Filter out the highest percentage set-ups Confidence in your entries Know when to exit a trade Maximize profits on each trade Limit the risk on each trade What to watch: Speed of the orders Size of the orders Order Condition Learning to read the tape is a vital part to becoming a successful trader in the long term, and understanding how to learn this skill can be difficult if you dont know what to look for. Click Here For A Better Understanding Of The Ticker Tape Get More Tips, Including How We Read The Tape Everyday, From Our YouTube Page Got Away With A Euro Trade Today, Click Here For Facts About The Euro Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking FreeWebSubmission.com

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 10:26:23 -0500

First, Know What You Are Looking For Find a pivot point A pivot point is nothing more than a specific price level for the market you are trading, and we will use this price point as a reference. The most common pivot points for this would be the open, high or low of day, and previous close levels. We use these specific levels in the market to watch how price action reacts in and around these areas. If we see that price action shows bullish patterns around the high of day, that will tell us we should expect to see the market try to rally through the highs of the day. In other words, this tells us the overall market sentiment at these levels. Reaction to Price Moves Successful traders always trade the reaction, rather than the move, and reading the tape allows them to really tune-into what really drives these moves. For example, if price is trading in a specific sideways trading range and then breaks out of this to the up-side, the experienced trader knows to stay away from getting involved on the initial move up, but rather pays close attention to how the tape reacts to this move. Using simple price patterns at these extremes, the trader can get a better feel for the sentiment in the market, and make educated trading decisions based on this reaction to the increase in price. Conviction in the market Are buyers met with equal amount of sellers? Are the sellers having a hard time keeping up with the buy orders? Is price forcefully moving through levels of support or resistance? Is price flirting with support and resistance levels, only to be swatted back and forth like a paper napkin? Price patterns on the tape solidify conviction in the market and give the trader more confidence getting involved with the current short-term trend. On the opposite side, conviction on the tape can also give the trader an indication that the current move has ended, and they need to be prepared to see a potential reversal Second, use simple patterns to identify these opportunities As traders we use predictable and dependable patterns on the tape to make educated trading decisions. These patterns are easy to see on your time & sales window if you know what to look for. Use these simple patterns to develop your skills: Pattern #1: The Lift-Off! Identify This Pattern Live In The Trade Room Characterized by a breakout of range-bound price action, this move up is quick, and on increasing volume, followed by a small pullback down, only to be taken up again by increased momentum on the buy-side. In this example, you could use this pattern as confirmation for a LONG entry in the market, or as an indication that you should be covering a short position. Pattern #2: Got-Ya! Click Here To See These Patterns Live Characterized by a sharp move out of its trading range, usually on low volume by small retail traders in the market, and is met with great resistance from larger-sized traders who quickly take advantage of this opportunity to get into the market at a great price, and the retail traders pay the premium on it. In this example, this pattern shows little confirmation, which is an easy give-away for traders to stay away from the up-side b/c the buyers didnt bring enough conviction to the market and the sellers are ready to make them pay. Dont get fooled into a long position on this, wait for the conviction to show you where to go, and in this example, you would want to short this jump up in price once you see the sellers take control. Pattern #3: Confusion Join The Live Trade Room Today The most common pattern we see, this pattern shows no concrete direction, no conviction, and no volume in any given direction. Traders who can see this pattern know to wait for more conviction in the price action as to where the market is headed. In this example, the experienced trader waits patiently to see a pattern develop, knowing that this lack of conviction in the market increases the risk on a potential trade exponentially. If you cant see a pattern on the tape its most likely the confusion pattern, and in any case, you need to avoid it Be on the lookout for my next news post, where we will use this knowledge to make educated trading decisions Click Here For A Better Understanding Of The Ticker Tape Get More Tips, Including How We Read The Tape Everyday, From Our YouTube Page Winning Trade On The Crude, Click Here To See Why Crude Is The Worlds Most Active Commodity See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 10:22:11 -0500

Use This Knowledge To Make Educated Trading Decisions Professional traders use the tape to better-understand the overall sentiment in the market participants, and we use that knowledge to make educated trading decisions in our trading. Execute with Confidence: Reading the tape increases your confidence to pull the trigger on your trades by giving you the ability to know what the other traders are thinking. Wish you had the ability to speak with the other traders in the pit? You do when you read the tape! Know when to hold em, and when to foldem: Know when to exit your position, or when to let it run using the information you gather from reading the tape. Using specific pivot points as a reference, you will better understand what other traders are thinking as price moves in your direction, and you can use this information to know whether you need to exit your position or stick around for the ride! Understand your stops and targets: Ever wonder why you got stopped out of a trade? Ever wonder why you get some targets filled and some do not? The answer lies in the tape, and your ability to read and understand it. Using the tape, youll know more about why a trade didnt work out, or why you barely missed a profit target, or even when to move that target closer to price to ensure you get filled. Remember, the markets are anything but random, and price always moves with purpose, its your job to interpret the tape to understand why. Free Webinar Today!! 4:30pm EST, 1:30pm PST Reserve Your Seat Winning Day With The British Pound, Click Here For Facts About The Pound Learn More About Our Trading Methodology From Our YouTube Page See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: 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 markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. 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. Learn to trade futures forex stocks. Social Bookmarking