+9R Profit on the DAX

Hi Everybody,

Just because the US e-minis have been quiet, it does not mean that all markets have been. Here is a brilliant long trade off an automatic DP buy that has just made +9R Profit on the 3min Dax just this morning !

As you can see, first we had a -1R loss. But (as usual) this loss was kept small and under control, then the automatic DP had you long from the low, after which a strong rally unfolded. As the first target was reached, the STF was strong, so standard traders would have swapped to the ATRStop. This held you long as the Dax continued to rally.....

The result was a massive +9.2R Profit (ignoring slippage and commission).........

Amazing – and all from a standard and automatic setup !!

A quiet day

Hi Everybody,

It was a quiet day on the US e-minis yesterday, but as we all know, because of the Cyclical Nature of Trading quiet days do unfold.

On quiet days I look to use more “manual” and “Advanced” techniques to uncover additional trades. Please see the Advanced Blog to see a High Volume (VSA) spike trade that I was following myself on the 3min FTSE yesterday. This shows what is possible with the tools you already have in the software.......

Thanks, Steve

Russell does the job

Hi Everybody,

I still find it amazing how different the individual e-minis (ES, NQ, YM and TF) move. You would have thought that they all move together but they don’t, there are differences. A great example is on the 3min Russell Index from yesterday, where we had a massive +8R Profit (ignoring slippage and commission) which did not unfold on the other e-minis. This is why I suggest that you need to look at all 4 of the US e-minis, as you can get a setup on one market that is not the same as on another.

Either way, the TS3 sell on the Russell was completely standard (red STF) as well as the trade management (STF weak, so take profits at the WPT target), so was a very nice Profit indeed.......

Thanks, Steve

The Profits come in !

Hi Everybody,

Well, I did say in yesterdays post that we were now overdue for some nice profits, and that is exactly what we got on the 3min YM ! As you can see, this TS4 buy setup nailed the low of the day for you. The YM then rallied all day to reach the first target just before close, but as the STF was strong, the ATRStop was used to hold the long trade into the close.

One trade and one bib profit of +5.4R (ignoring slippage and commission) – brilliant !

Now are you all starting to understand the Cyclical Nature of Trading, and how profits and losses go in cycles. I have seen this day after day for over 20 years. This is why I spend so much time trying to educate you all how the markets unfold in the “real world”. That is why yesterday I knew that after a harder period we were due for a nice profit – and that is exactly what unfolded !

Thanks, Steve

A quiet day.

Hi Everybody,

As part of the Cyclical Nature of Trading, the markets also have quiet days, when few (or no) setups unfold. Yesterday was one of these days. Quiet times are just part of trading, again amateurs are always after excitement and action (which is wrong), where the professional has the patience and discipline to wait for the low risk setup to come to them.

We have had a hard period recently, with not many big profits, so that just tells me that we are nearing the part of the cycle when a string of big profits are about to unfold. It is usually at this time that most amateur traders get bored, just before a big trade.

So let’s see how the rest of the week unfolds.

Thanks, Steve

What it means to be a professional trader.....

Hi Everybody,

A lot of new amateur traders struggle with what it means to be a professional trader. They have the wrong impression that trading is easy and they will make big profits every day. This “myth” is banded around buy non trading Gurus and salesmen in an effort to sell system that don’t work. The hard reality is that trading is hard, not technically by psychologically. This is because most of the time you are just “treading water” controlling your losses or making small profits. It is only a small number of BIG profits that make the money over time. Please read this PDF:

http://www.mtpredictor.com/support/documents/How%20Profits%20and%20loses%20unfold%20in%20the%20real%20world.pdf

This is the same for the vast majority of successful approaches to the markets, and is on of the main reasons (I believe) that most amateur traders never make it to become a professional because they simply do not understand how profits and losses unfold in the “real-world.

I hope this “reality check” helps you all understands what it means to become a successful trader – forgetting the “myths” that are banded around on the Internet and accept the reality of how trading “really is”

Thanks, Steve

PS, having said that, the Advanced Traders among you will always be able to find more trades using some of the more Advanced techniques in the software, please see the Advanced Blog

The Cyclical Nature of Trading.....

Hi everybody,

The 3min ES was quiet yesterday with no valid automatic setups, but that was OK. This is all just part of the natural way markets unfold, in that we have quiet times, and then times when small losses unfold, along within times when the good profits come through. I call this the Cyclical Nature of Trading....

As we have had a hard time over the last few days, it will not be long before we get some brilliant good profits come though. Sometimes this is one of the hardest thing new amateur traders have to learn, in that we don’t get big profits each and every day. That is not how the markets work. In fact most of our time as a professional trading is risk control, keeping our trading capital in tact ready for the big trades. Professional know and understand this, but how the market really unfold in the real world is a lesion that most amateurs find hard to learn.

Thanks, Steve

PS, take a look at the Advanced Blog, to see how learning to become an Advanced Trader will help when the standard setups are quiet. Here you will see how MTPredictor has nailed the high or low of the day for the last few days running, which is pretty amazing !