December 6, 2010

Buying Pullbacks, Sell Retracements, Fast Track Method and Automated Day Trading Systems

Questions:

– Training on NT 7.0 next week

o Expect everything to be converted and working properly by next Monday
o Next Wednesday we will be training on it

– What is the dollar index correlation?

– How do we zoom in and out on our charts

o Hold down control and tap the up/down arrows

– When we buy a pullback, what is our entry trigger?

o Test of the trigger line (aggressive)
o Break of the swing high
o Break of the test bar

o Watch the video and read the document on the wave indicator and the wave pattern for more details on buying pullbacks and selling retracements

– Fast Track

o Perfect for beginners
o Teaches you good trading habits that you can use in your long term career

 Discipline to wait
 Confidence to take the trades
 Confidence to AVOID trades
 How to survive losses
 1:1 RRR which is perfect for new traders to help them learn to take losses and move forward.
 Limit orders for your entry, so EASY to trade with this

– Start and Stop times for my charts

o 12am start
o 12am stop

– Can you run NT 7.0 on Win XP, Yes

o Do we actually need to use it?
o You don’t need to spend the time and convert to NT 7.0

– What front month are your watching for the DX?

o 12-10

– Some of the benefits of NT 7.0 for OUR type of trading

o We can add trend lines and indicators to multiple timeframes

– As a member do we need to use NInjaTrader?

o No
o Im going to give you the charts, indicators, workspaces, templates, 24/7 tech support
o If you like the charts you use now just use our indicators on those charts and it’s easy!

– Auto Trader

o Is there a trial?

 Not yet, but possibly once its finalized
 Email me: JJ@SchoolOfTrade.com I can send you the results.

– Why not TradeStation?

o Too expensive
o Horrible fills
o Always crashing
o Customer service is horrible
o NOT a good choice for an active trader

    schooloftrade

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