Kwik*POP and MY TRADES ROOM
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Greetings,
In our last update we sent a PDF describing the markets price action and how the Kwik*POP indicators respond. We noticed that only half the recipients clicked through to read the PDF. Here is the link for that PDF. Please take a moment to review it. http://www.kwikpop.net/SINE.pdf
Kwik*POP TRAINING MATERIAL
The following PDF is part 1 of a 6 part series. We ask that all Kwik*POP users and trial users review this PDF and the next 5 that we send out. This document is a starting point that examines harmonic price patterns played out every day in the ES futures market. These patterns resemble a sine wave with a buying cycle (up move) and a selling cycle (down move) on each wave. We use a 7,500 volume chart to amplify these waves. Each cycle represents a trading opportunity either with the prevailing trend or, against the trend.
Click this link for the article http://www.kwikpop.net/ZONETRADER.pdf
MY TRADES ROOM SUMMARIES
In order to use the MY TRADES ROOM productively you must understand both the structural patterns and type of set ups targeted by the moderator. We explain the structure and set up patterns Harry (our moderator) targets in the Kwik*POP chat room on Monday, Tuesday and Wednesday at 11:30 A.M.(Eastern time).
Whether you use Kwik*POP or not, if you are in MY TRADES ROOMyou should attend these sessions. We broadcast live Kwik*POP charts in MY TRADES ROOM for those that don't use Kwik*POP.
In addition, Harry hosts a special Q and A session every Tuesday for members of MTR.
You should attend these sessions.
Understand the mission of the room and Harry's role. Harry is a guide and his TRADE ALERTS are designed to get you on the right path. Harry DOES NOT trade for you. Harry DOES NOT require you to take a trade on any TRADE ALERT he calls. Harry DOES NOT manage your trading account and he doesn't want to know how many contracts you trade or how much money you have in your account.
All Harry knows about you is your name and email address. Harry's mission is to ALERT you to a tradeable opportunity. What you do with that information is up to you. You are paying for the MTR so it only makes sense that you attend all training sessions, use all of the tools we provide and learn as much as you possibly can about market structure and trade set ups. In short, YOU and only YOU determine your success. If you are unwilling to put in the time to become successful YOU WON'T BE SUCCESSFUL. That's life folks and that applies to all professions.
Oh, and one more important fact. There are losing trades. If you can't handle a losing trade you'll never be able to trade for a living. If a quarterback threw a pass on first down and it was intercepted does the quarterback quit the game and give up? Maybe in the 'Pop Warner' league but certainly not in the NFL because they are professionals. You want to be a professional trader? Then learn how to handle a losing trade and move on to the next play. This is not an arena for emotionally delicate lightweights. You must duke it out with the best pro's in the business everyday and they take no prisoners. The slow, weak and innocent die first and the survivors get all of their money.
TRADE RECAP
Everybody wants details. More details. Yet, we discover that when we provide the details ... nobody reads all of the details. Let me give you an example of what I mean. This PDF is a recap of Harry's TRADE ALERTS from Jan 19 through Jan 22. Please read all of it.
http://www.kwikpop.net/JAN19JAN22.pdf
Obviously, that's much more detail than most folks will ever read through. Please remember that these calls are HYPOTHETICAL TRADES. A TRADE ALERT is announced but we don't know if you took the trade or what your real fill was. We really don't care. Harry's mission is merely to ALERT you to a trading opportunity. What you do with that information is up to you. Harry ASSUMES certain results based upon his call, timing/trade execution, approximate fill and final results on his trade management guidelines called out in the room. Again, what you do with the guidance he provides is none of our business.
Rather than sending out these lengthy break downs of all hypothetical results based upon live calls in the room, we've decided to change our format. We will send out an abbreviated summary for the entire week and use a chart example of a TRADE ALERT Harry called out. That will give you a better sense of what things are like in the chat room.
Here is the monthly tally for January 2010. http://www.kwikpop.net/January2010.pdf
In our next update we'll provide weekly recaps for the first two weeks in February.
Well, we've certainly given you plenty of reading material which, hopefully, you'll actually read, so we'll call it a wrap.
Regards,
WDH
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