Edition 290      Wednesday, March 17, 2010

Spread Scan with Commentary

Commentary by Andy Jordan Trader, Trading Mentor for Spread & Swing Trading Trading Educators, Inc. Welcome to this week’s issue of the Joe Ross Spread Trading Newsletter. The Spread Scan weekly newsletter is designed to assist you in becoming a better, more complete trader by showing you, within the context of the markets, how to trade spreads.

Weekly Spread Scan Example This week we look at CTZ0 – CTN0: long December 2010 Cotton and short July 2010 Cotton Today we consider entering a Cotton calendar spread: long December 2010 Cotton and short July 2010 Cotton (CTZ0 – CTN0). After dropping like a rock in February, the spread has recovered half its way up again in March. Can seasonality (03/16 – 03/31) help move the spread higher again, and is a breakout of the March high at -4.15 the right entry signal? More aggressive traders might already enter at the current level.

Previous Trades

On March 8 we told subscribers of our professional daily spreads & position/swing trading newsletter Traders Notebook, "Consider entering a Eurodollars calendar spread: long June 2010 Eurodollars and short June 2011 Eurodollars at 1.20 limit (GTC) with the first lot. Suggested risk is $250. Basis is seasonal (2/17 – 5/15). Comment: Suggest entering with the first ½ at 20 and adding on the second lot later."

Here's how we suggested managing this trade:

03/09  In at 1.20 or even better. I will let you know when to add on the second lot.

Visit our Spread Website for more information about our daily newsletter, Traders Notebook.

Andy's Trading Articles

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc

Unlike many games and sports, trading has an additional factor: the market!

Imagine playing tennis if the ball had a mind of its own, if it could run off to the sidelines and bounce up and down for a minute or two. Imagine a game of golf in which the ball could occasionally go off down the fairway, dance about, and do whatever it wanted. Imagine a chess game in which the pieces suddenly became worthless, or a hockey game in which the puck suddenly went against everything the players were trying to do.

With trading, this additional factor sometimes exists. And this makes it more than just a "game."

As a result, you never quite control trading. It is more like rodeo riding, where you try to keep the bull under you as much of the time as possible!

It is a kind of shepherding of one’s luck towards a given destination – sometimes that is every bit as difficult as it sounds. In fact, due to luck’s part in the mix, there is sometimes a feeling that there is a point beyond which expertise cannot go, a point forever off-limits. Yet, at the same time it is this challenge that attracts us and keeps us coming back.

Day Trading Seminar for E-mini S&P, Forex, and Stocks with Joe Ross in Dallas/Ft. Worth, Texas March 20-21, 2010 THE BEST DAY TRADING SEMINAR YOU WILL EVER ATTEND The seminar tuition includes comprehensive training materials, lunch, and refreshments on both days. Just 2 days from now - you can still register, but not for long!

LEARN FROM MASTER TRADER JOE ROSS

This trading seminar, including how to trade the E-mini S&P, Forex, and Stocks, will forever change your understanding of the markets and be a life-changing experience for you. The seminar tuition includes comprehensive training materials, lunch, and refreshments on both days.

Many traders lose far more money in a few days than the price of the seminar. When you trade using the techniques you learn at the trading seminar, your losses will be considerably less, and your trading account will continue to grow as you apply what you learn.

I WANT TO ATTEND THE TRADING SEMINAR AND
RESERVE MY SEAT NOW!

FOREX AT THE MARKET TRADES

On February 7 we told subscribers of our professional Forex trading newsletter Forex at the Market, "Consider buying NZD/CAD at 0.7090 limit. Suggested stop at 0.7040; suggested first target at 0.7140 (move stop to breakeven when filled) then a move back up to 0.7300 and higher. Basis is a possible buy-zone around 0.7100.”

Chart Courtesy of Genesis FT

Here's how we suggested managing this trade:

03/04 Long at 0.7090
03/05 NZD/CAD moved up nicely today; suggested stop now at 0.7060
03/05 NZD/CAD hit the first profit target at 0.7140; suggested stop now at 0.7080
03/07 Suggested second target at 0.7240
03/10 NZD/CAD hit the second profit target at 0.7240; suggested stop now at 0.7135
03/12 Remaining position stopped out at 0.7135

Now that you have a taste of what Forex at the Market™ is all about, you know you can greatly benefit from trading the recommended currency pairs. Currency trading can be a great way to protect and grow your capital — if you know which currency to be in, and when to be in it.

We want you to have the greatest success in trading the Forex currency pairs. I (Marco Mayer) am looking forward to helping you to learn and grow your skills as you trade this huge, but extremely volatile, Forex market. During these turbulent times, I will be at your service through the newsletter and the special Forum, to help you make good choices. And, if needed for special help, I am also available via e-mail.

We look forward to starting your subscription.
http://www.fx-atm.com

Best wishes for success in your currency trading,

Your Editor of FX-ATM

MARCO MAYER

support@fx-atm.com
http://www.fx-atm.com

A WEALTH OF SPREAD TRADING INFORMATION & EDUCATION:

If you wish to review Spread Scans from the past 3 months,
please follow any of the following links to its weekly issue:

Trader's Live Chat and Trader's Euro Chat with Joe Ross

NEXT LIVE CHAT SESSIONS WITH JOE ROSS:

Wednesday, March 17, 2010
Wednesday, March 24, 2010
Wednesday, March 31, 2010

We hope you will join us!

Here is where you login to Joe's Wednesday Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date

NEXT EURO CHAT SESSION WITH JOE ROSS:

Wednesday, March 17, 2010
Wednesday, March 24, 2010
Wednesday, March 31, 2010

We hope you will join us!

Here is where you login to Joe's Euro Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date.

Traders Forum - for Traders with passion and a desire for increasing knowledge

We created our Trading Community Forum for the purpose of providing positive, uplifting educational material to traders who want to participate. There is much to be gained from the collective wisdom and experiences of those who choose to participate. Let's share what we have learned that has been helpful. Let's all push forward to exchange new ideas and interesting concepts.

There is no "one" way to trade correctly. Trading is as individual in its nature as anything in this world can be. The only thing that is right is what works for you.

If you are willing to share what works for you, then we welcome you. Your ideas may help someone else on his/her way to success. In turn, you may pick up an idea or piece of information that will help you to become a better trader.

Joe Ross has been trading the markets, virtually all of them, beginning over five decades ago. He is now in his seventh decade of life, so he has the experiences of many years that he is willing to share, as he is already doing through his books, seminars and newsletters.

We hope you decide to join us in our forum to make your contributions as well.

You can follow this link to our forum now!

About Spread Scan

The Spread Scan weekly newsletter is designed to assist you in becoming a better, more complete trader by showing you, within the context of the markets, how to trade spreads.

About Andy Jordan

Andy Jordan made his first option trade at the age of 18. Since then he has been fascinated by the world of trading. In 2002 he met Joe Ross, and became interested in spread trading. Andy was then intensively tutored by Joe Ross and personnel at Trading Educators. Andy is the founder and president of Jordan Trading, S. A. Even though Andy has shown through live chats and in several trading journals that he is able to day trade today's markets, spread trading has always been his preference. In addition to his own spread trading activities, Andy is the editor of Traders Notebook. For those interested in one-on-one personal coaching, Andy has developed and instructs an online course in spread trading, "Trading Mentoring - Trade with a Pro," during which he demonstrates all aspects of trading from choosing the trades on through how and when to enter the trades, manage the trades, and exit the trades.

Andy Jordan was born 1965 in Germany, but is currently living in the Caribbean. He has studied mathematics and business administration in Regensburg and Hagen, and holds a PhD in mathematics.

About Joe Ross

Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Joe Ross is the discoverer of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™ " and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach.

Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into various languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent (now including Antarctica!) is huge. As one tutoring student, a successful trader, wrote: "You have no idea how much improvement in my life and in my trading efforts have those three days with you brought to me."

Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the primary author and Editor-in-Chief of the company's newsletters: Chart Scan™, Spread Scan™, and Traders Notebook™. He is also the editor of the Traders Money Club™ and the host of the free Traders Live Chat, the free European Chat for Traders, and the moderator of his popular trading forum.

Joe's philosophy for helping traders is:

"Teach our students the truth in trading — teach them how to trade"

Joe sets forth the mission of Trading Educators as follows:

• To show aspiring futures traders the truth in trading by teaching them how to read a chart so that they can successfully trade what they see, and by revealing to them all of the insider knowledge they need in order to understand the markets.
  
• To enable them to trade profitably by training them to properly manage their trades as well as their mindset and self-control.

For information about Joe Ross and Trading Educators, please follow this link...

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Copyright 2010. Published by Trading Educators, Inc.
Spread Scan is a complimentary educational letter.

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