Kwik*POP and MY TRADES ROOM
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Greetings and Happy New Year,
This month our newsletters will highlight two things ... specific Kwik*POP trading patterns and updates on calls made in My Trades Room. Today, 1/05/10 we'll look at a Lower High Sell Signal on our 7,500 volume chart.
The buying cycle (blue candlesticks, blue oscillators) ended when a yellow candlestick with a red dot above it appeared. Upside momentum was reversing and that candlestick (white arrow) probed KPAUTOSTOP (Aqua Blue Line). The upside momentum had faded and selling pressure was now building. That's what the yellow candlestick with a red dot above it tells us. A close below KPAUTOSTOP with a red candlestick triggers the short trade off the lower high. REVIEW OUR TRAINING VIDEOS for info on these type of trading patterns.
UPDATES ON MY TRADES ROOM
Trade alerts for 1/04/10 and 1/05/10. Harry, our room moderator targets specific trading patterns every morning from 9:30 A.M until 11:30 A.M. Eastern (US) time. Typically, the first two hours of trading every day offer the best opportunities as the market defines a new trading range and short term trend. A TRADE ALERT is called out in the room for initiating a short or long trade based upon the set up patterns offering the greatest odds of success. These are Kwik*POP pattern trades and momentum continuation trades (slapshot patterns etc.). Periodically a counter-trend momentum trade may also be targeted.
Once a position is taken Harry calls out stop placement and targets for profits to demonstrate how to manage a trade efficiently. Members in MY TRADES ROOM are encouraged to use a Trade Simulator to practise trade timing and trade management disciplines. Many members use real money on these "Trade Alerts'. That's your perogative as long as you thoroughly understand the risks involved in trading volatile markets such as the ES. In order to accomodate traders of all budgets our 'Hypothetical Performance Results' are based upon trading only 3 contracts on every 'Trade Alert' called out in the room.
Harry defines the risk and trade management guidelines for the members based upon trading only three contracts per Trade Alert. The results below assume that you executed the trade based upon Harry's call and followed his trade management procedure for stop placement etc. as he calls it out in the room. We don't know, or care whether you actually take the trade as the mission is to 'Alert' you to the trading opportunity and show you how to manage the risk and maximize the gain on each 'Trade Alert' called out.
TRADE RESULTS BASED UPON TRADING ONLY 3 CONTRACTS PER 'TRADE ALERT' FROM 9:30 A.M. to 11:30 A.M ON01/04/10
Trade Alert #1: Continuation entry Long Entry 1121.25@09:35 3c, 2c@+4tics = +8tic Room Exit at 1125.00@09:50 for 19tics 1c: Total +27tics
Trade Alert#2: Continuation Entry: Long Entry 1125.75@10:28 2cx4tics = +8tics, Room Exit at 1127.50@10:57 for 15tics 1c: Total 15Tics or $187.50!
Summary
TradeAlert#1: 27tics $337.50; TradeAlert#2: 15tics $187.50
Total +42 tics $ 525.50 on 3 contracts
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TRADE RESULTS BASED UPON TRADING ONLY 3 CONTRACTS PER 'TRADE ALERT' FROM 9:30 A.M. to 11:30 A.M ON 01/05/10
Trade Alert #1: CounterMove Short E 1027.50@09:37 3tx2c=+6tics, -1ticx1c = -1tics for Net +5tics, $62.50.
Trade Alert#2: counterMove BuyStop Breakout LE 1129.00@10:13 3tx2c = +6tics 6ticx1c =+ 6tics, Net +12tics $ 150.
Summary
Trade Alert #1: 5tics, $62.50; Trade Alert#2: 12tics $ 150.
Total17tics $ 212.50 on 3 contracts
THE COMMODITY FUTURES TRADING COMMISSION. ( C.F.T.C.) This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts ( and contractual relationships ) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Some of the examples used are hypothetical. Hypothetical trading results have many inherent limitations and may not reflect actual results since they are done with the benefit of hindsight and do not accurately reflect market conditions and the traders emotional level while under the stress of trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
For More information on MY TRADES ROOM go to www.mytradesroom.com
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