September 29, 2011

Best way to send Joseph your trading results

Best way to send Joseph your trading results
This is perfect for anyone who needs help being held accountable for following entry/exit rules, as well as learning when to take the best patterns.
Day #1 you join as a new member.
–          Set up your charts using our indicators, etc
o   Full time support team will help as much as you need them
–          Learn our 3 Price Patterns
–          Morning routine
–          Trade Management
–          Fast Track Method
o   Simplified version of the Advanced Method
§  Less trade management
§  Fewer trades per day
·         Wait for the best trades
§  Waiting for the perfect patterns
§  Teaches you how to wait patiently for the best patterns
§  Teaches you to commit to your trades
§  It tells you EXACTLY what to do, and when to do it.
§  These specific instructions are what our new traders need to be successful.
o   Work with me to review those trades every day, every week, whatever pace you wish to use.
Perfect Wave Pattern
I do not use Volume bars, you will need to add a volume indicator to the chart. (VOL)
Time stops on the euro?  We can use them on any market.  The more liquid the marker, the longer your time stop will be.
Also, the slower the timeframe you are using for the entry pattern the longer the time stop.
Crude Oil = time stop is around 30 seconds (5 second rule)
–          ES = time stop will be 2 minutes
–          Euro = time stop will be 2 minutes
–          Scalp trade my time stop is 30 seconds.
–          Swing trade my time stop can be up to 24 hours
Dollar Correlation was broken this summer b/c of all the low volume and FEAR in the markets, however, we will start using it again every day.
Which of our patterns would be the best to avoid bad entries?
–          Wave Pattern is the most efficient way to enter a trade.
–          Your selling when price is moving higher, it gives you liquidity and protects your position with the overhead resistance from the trigger line.

    schooloftrade

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