Edition 319 Wednesday, October 6, 2010
Edition 319 Wednesday, October 6, 2010 |
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Commentary by Andy Jordan
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Weekly Spread Scan ExampleThis week we look at SMZ0 – SMN1: long December 2010 Soybean Meal and short July 2011 Soybean Meal Today we consider a Soybean Meal calendar spread: long December 2010 Soybean Meal and short July 2011 Soybean Meal (SMZ0 – SMN1). This spread was in free-fall in August and the first half of September. Since September 17 the spread has been trading sideways, with support around -7.0. More aggressive traders might enter at the current levels, while others might want to wait for a break out above -5.6. The seasonal statistic (10/05 – 11/05) looks impressive with 15 winning trades in the last 15 years, and a maximum drawdown of only $150. |
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On September 26 we told subscribers of our professional daily spreads & position/swing trading newsletter Traders Notebook, "Consider entering a Lean Hogs calendar spread: long February and short December Lean Hogs at 2.9 limit on Monday (if not filled suggest entering MOC on Monday). Suggested risk per lot is $600; initial projected objective is $630, then higher. Basis is seasonal (9/27 – 11/10). Comment: The entry recommendation for Monday is based on the consistent up trend and seasonal statistics. The spread has been making profits ($870 on average) in 15 out of the last 15 years, with decent draw downs in almost all years. If you don’t like the idea of entering the spread this way, you might want to wait until the spread makes a new high above 3.65."
Here's how we suggested managing this trade:
09/27 In at approx. 3.2; suggest exiting the spread at a close below 2.0.
Visit our Spread Website for more information about our daily newsletter, Traders Notebook.
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We urge you to shop early for Joe Ross' hardcover books for yourself or for holiday gifts to others. This is the last time this year they will be available at sale prices. Also remember that shipping outside the United States is slower than normal during the holiday season. To take advantage of the discounts on Joe's hardcover manuals during our FALL SALE, for now or anytime during the rest of 2010, you need to place your order by October 25. Please follow this link to find out more about our FALL SALE 2010. We truly value you as friends and customers. All the best. Joe Ross |
© 2010 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
How to approach trading - How to Get Started
I've seen many different trading plans. Whether they're two paragraphs or ten pages long, they put forth a way of looking at the market and they attempt to create some framework for approaching the markets. A good plan will include a well-tested strategy, a trading method, or a setup. Having a positive expectation should allow you to have the confidence to start trading your plan. Confidence in your plan will lead to the discipline necessary to continue trading despite occasional losing periods. Disciplined execution of your plan leads to returns over time that can be consistent with your testing.
But you may ask, "How do I get started?" First, you'll need a well-tested strategy, method, or setup. There are several ways to accomplish this. You can take a course on trading, or buy a commercially available method. Avoid mechanical trading systems at all costs. You can use charting and analysis software to start sifting through the available data until you find a combination of price movements that work. Or, you can work with a professional who has already done the work and can help point you in the right direction.
FOLLOW THIS LINK TO SEE AN OVERVIEW OF THE SELECTED PRODUCTS AND SERVICES FOR OUR
FALL SALE 2010
DAY TRADING SEMINAR FOR E-MINI S&P, FOREX, AND STOCKS
WITH MASTER TRADER
JOE ROSS
OCTOBER 23-24, 2010
Joe will give you the information to help you succeed beyond your wildest dreams. Joe shares with you the ultimate achievement: "What you learn at this trading seminar will enable you to not only day trade any market in any time frame, but also to position trade, swing trade, intermediate-term trade, or long-term trade any market, any time, anywhere in the world, as long as you have a source of data and a way to place orders."
Learn from Master Trader Joe Ross. We know this live
online seminar will forever change your understanding
of the markets, and be a life-changing experience for you.
FOREX AT THE MARKET TRADES
Trade #1: GBP/AUD
On September 27 we told subscribers of our professional Forex swing-trading newsletter Forex at the Market, "Consider selling GBP/AUD at 1.6430 stop-market. Suggested stop at 1.6525; suggested first target at 1.6335 (move stop-loss to breakeven when filled); suggested second target at 1.6145. Basis is a possible strong breakout in the direction of the trend.”
Here's how we suggested managing this trade:
09/28 Short at 1.6430
09/28 First target hit at 1.6335; suggested stop at 1.6435
09/29 Suggested stop at 1.6375
09/29 Suggested stop at 1.6340
09/30 Stopped out at 1.6340
Trade #2: EUR/CHF
On September 28 we told subscribers of our professional Forex swing-trading newsletter Forex at the Market, “Consider buying EUR/CHF at 1.3300 stop-market. Suggested stop at 1.3230; suggested first target at 1.3370 (move stop-loss to breakeven when filled); suggested second target at 1.3510. Basis is a possible strong breakout in the direction of the trend.” 
Here's how we suggested managing this trade:
09/29 Long at 1.3300
09/29 Suggested stop at 1.3250
09/30 Suggested stop at 1.3265
09/30 Suggested stop at 1.3290
09/30 First target hit at 1.3370; suggested stop at 1.3295
10/01 Suggested stop at 1.3360
10/01 Suggested stop at 1.3400
10/04 Stopped out at 1.3400
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.
If you have questions, please don't hesitate to send them to
support@fx-atm.com
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.
Order your FX-ATM subscription during our
Fall Sales Event at 10% OFF!
Discount will be applied during checkout.
We look forward to your starting your subscription.
http://www.fx-atm.com/subscriptions.html
Best wishes for success in your currency trading,
Your Editor of FX-ATM
MARCO MAYER
http://www.fx-atm.com
AMBUSH METHOD TRADE AND PERFORMANCE REPORT
This is your monthly report on how Ambush performed. This time we picked one of the most popular stockmarket ETFs, the DIA, also known as the “Diamonds”.
As you can see on the chart below, while the DIA ETF made some nice moves, those usually happened within one day; on most other days a lot of traders must have had a hard time trading this market, especially at the end of August when, as you can see, the market changed its mood almost every day!
Nice conditions for Ambush!
Please take a look at the results of those trades
(without commissions) trading 1000 DIA ETFs:
As you can see,
the Ambush Method managed to make
a total of $3.410 profits
trading 1000 ETFs.
Now that you have a taste of what the Ambush Trading Method™ is all about, we hope you will make this incredibly effective trading method part of your trading today. With this trading method you can ambush many stock index futures, commodity futures, currency futures, forex pairs, or ETFs or CFDs on any of the markets mentioned. If you want, you can ambush more than one market daily.
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Marco Mayer has come up with a safer and easier way to trade a large variety of markets, with the potential of locking in a steady stream of profits. If this is what you are looking for, Marco Mayer's Ambush Trading Method™ is for YOU. The Ambush Trading Method™ is designed to perform best in sideways or slowly trending (stair-stepping) market conditions, and is more likely to fail in strongly trending, volatile markets. Statistics tell us that markets trade in congestion most of the time, and trend only 20% of the time. Thus the method will perform well most of the time, but you can further improve your results by avoiding strongly trending markets. Find out more.. |
| If you would like a conservative, easy to follow method, then Marco's Ambush Trading Method™ is for you. Order the Ambush Method during our Fall Sale Event at 20% OFF! |  |
DAY TRADING FOREX
Trading forex is heavily marketed and popular, but it is also deadly. The e-mails and letters we receive attest to the fact that most people who attempt to day trade forex are losing their money. The turnover rate is atrocious. Because of the pain Joe Ross has seen, he decided to teach you how he day trades the currency pairs.
Joe Ross has written an e-book entitled “Day Trading Forex.”
Joe says: "This is not a manual for raw beginners. My purpose here is to teach you how to trade forex without getting yourself into a mess of trouble. In this manual, you will find the essential understanding of how prices move and how to trade the various situations that you see on the price chart that is live and moving right before your eyes."
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Joe shows you the trips and traps of forex day trading that you need to know in order to avoid the fate of so many other traders. If you want greater safety in your trading, Joe shows you where to find it. He tells you about where the greatest forex profits are made. There is much more Joe Ross shares with you in the pages of “Day Trading Forex” - follow this link to our website to find out more. |
Order the Day Trading Forex e-book during our Fall Sale Event at 10% OFF! Discount will be applied during checkout.
TO SUCCEED IN THE CURRENT
ECONOMIC ENVIRONMENT,
YOU NEED TO KNOW WHAT’S GOING ON
World Market News is a digest of global news reports that we feel are vitally important to your trading and investing.
You need to know what’s happening around the world because we live in a global economy. What happens in China affects what happens in Europe and all the Americas. World Market News brings you vital information about currencies, precious metals, energy, agriculture, and interest rates from every corner of the Earth.
THERE’S SO MUCH WORLD NEWS THAT NO ONE PERSON
CAN READ IT ALL
Find out more about World Market News. SIGN UP today to receive valuable information on just about anything that concerns you as a trader or investor.
REMEMBER - IT'S FREE!
If you wish to review Spread Scans from the past 3 months,
please follow any of the following links to its weekly issue:
August 2010 |
September 2010 |
October 2010 |
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NEXT LIVE CHAT SESSIONS WITH JOE ROSS:
Wednesday, October 6, 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, October 6, 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.
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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!
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.
In this newsletter you will see applications of spreading in the futures and commodity markets. Spreads are applicable to all futures markets including currencies, commodities, financial instruments, and stock indexes. It is even possible to trade spreads in the all-electronic intraday market using day trading techniques.
Spreads are based on seasonality, correlation, backwardation, chart patterns, and simple observation. Spreads follow the Law of Charts™ and can be implemented using the Traders Trick™ entry.
In each issue of Spread Scan, you will find an upcoming spread trade for your consideration in the following week. You will also find a review of an existing or closed spread so you can see and learn how spread trades are managed.
Spreads offer you the most efficient use of your margin account of any other way to trade. Many traders find they like them so much that spreading becomes their primary way of trading.
Each week we present spread trading examples and opportunities to help you become a more professional spread trader, and we provide you with helpful content of interest to traders.
Be sure to "white list" us to receive all your issues of Spread Scan, so that you can continue to enjoy learning through the best free educational trading information available, and so that we can inform you about additional educational services and products to help you grow as a successful and profitable trader.
Educator for Spread & Swing Trading and Editor of Traders Notebook & Spread Scan
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.
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, the CEO of Trading Educators, 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 the primary author and Editor-in-Chief of the company's newsletters: Chart Scan™, Spread Scan™, Options Scan™, and Traders Notebook™. He is also 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:
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.
The information contained in this educational letter has been carefully gathered from sources believed to be reliable, but accuracy cannot be guaranteed. Readers should not assume that anything written here is to be considered as a recommendation, or that any performances shown will equal performances of the past.
This educational letter is intended solely for purposes of information and does not purport to provide legal, tax, or individual investment or business advice.
Readers should consult with expert legal, tax, business, and financial counsel before considering any action on the information contained in this newsletter. The publisher and its associates, editors or employees may have taken positions in and may from time to time make purchases or sales within markets and market vehicles mentioned herein. Reproductions of this newsletter are prohibited except by permission.
Joe Ross & Trading Educators, Inc. own all rights, title and interest to this publication. No part of this publication may be reproduced, in whole or in part, or by any means, mechanical or electronic, without permission in writing from the Publisher. You have no rights to resell, reprint, reproduce, or digitize Joe's Spread Scan Newsletter. While all attempts have been made to verify information provided in this publication, neither the author nor the Publisher assumes any responsibility for errors, omissions, or contrary interpretation of the subject matter herein.
This publication is not intended for use as a source of any advice such as legal, medical, or accounting. The Publisher wants to stress that the information contained herein may be subject to varying international, federal, state and/or local laws or regulations. The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Adherence to all applicable laws and regulations, including international, federal, state and local, governing professional licensing, business practices, advertising and all other aspects of doing business in the U.S., Canada, or any other jurisdiction is the sole responsibility of the purchaser or reader. Neither the author nor the Publisher assumes any responsibility or liability whatsoever on the behalf of any reader of these materials.
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TO SEE AN OVERVIEW
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SIGN UP for our Daily Spread & Position Trading Advisory Newsletter:
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Good Trade Management & Trade Consistency
More Spread & Position Trade Opportunities - too good to pass up
Traders Notebook™ is the premier daily spread and position trading newsletter, the only one of its kind, available to you as our loyal Chart Scan Subscriber. Choose your subscription term online to try it out!
Traders Notebook™ is definitely for YOU if you are:
> a Position Trader
> a Long-term Trader
> a beginning Spread Trader, just starting out in learning to trade spreads
> an experienced Spread Trader who wants to take advantage of all the features and benefits that Traders Notebook™ offers daily, such as directing you to spreads you might want to trade
Traders Notebook™ lets you in on high probability futures position trades. These trades are hand-picked by Andy Jordan and Joe Ross. They are very carefully chosen for optimum results.
Traders Notebook™ also directs you to all the spreads you might want to trade. Subscribers have daily access to online help and advice. Spreads are chosen by Andy Jordan, our Trading Educators' professional spread trader. We believe Andy is one of the best spread traders in the world!
Follow this link for more details, and sign up for our PREMIER Spread & Position Trading Advisory Newsletter to increase YOUR success and make YOUR trading a more rewarding experience.
"Traders Notebook is a great starting place to learn how to trade real spreads. You learn a lot from just watching the trades selected, basis of selection, and most importantly the management of these trades. Thereafter you can select and trade the spreads that you feel comfortable with! The trading tidbits also provides one with a wholesome approach to trading. Thanks Andy Jordan, for all the good work."
-- Alpha A., Tanzania
"For myself, Andy Jordan is doing a great job! I got (and still get) much more experience in a shorter time frame."
-- Roland H., Germany
Order your Traders Notebook Subscription during our Fall Sale Event
at 10% OFF!
Discount will be applied during checkout.
TRADING SPREADS &
SEASONALS
What would it be like to discover trades that trend, and trend, and then trend some more?
The best traders find ways of trading the markets that enable them to get in and out with the greatest probability of profits — repeatedly. That takes experience, usually years and years of it, watching and participating in the markets day in and day out — a very expensive education in more ways than one.
How would you like to be able to take advantage of repetitive events to the point of 80% or greater accuracy time after time after time? What would it be like if you could discover trades that trend, and trend, and then trend some more? You'll find out in Joe Ross' Trading Spreads and Seasonals manual. Follow this link to find out more...
Order Trading Spreads & Seasonals during our
Fall Sale Event
at 15% OFF!
Discount will be applied during checkout.
The "Life Index for Traders™" simplifies the process of tracking, charting, and evaluating your trading and your
life, saving you valuable time.
The Life Index™ is a simple concept that, when diligently applied, will guide you into becoming a more successful trader as well as a more successful person.
Order the LIFE INDEX FOR TRADERS WITH BONUS TOOL "EQUITY EVALUATOR" during our
Fall Sale Event
at 10% OFF!
Discount will be applied during checkout.
Joe Ross developed it many years ago to help build the right kind of character and to develop the right mindset for trading.
"I truly believe Life Index for Traders is an excellent and very helpful tool in becoming better - a better, smarter trader, but also a better, more fulfilled person. I first found it in Joe Ross' book "Trading Is a Business" which to me is certainly the most valuable book about trading. Life Index for Traders e-book is so nicely done that I have soon notice I have become “addicted” to it. It has rapidly become a pleasant and easy to follow habit. It is not only about constant self-evaluation. I think one of the most important things about the Life Index is that it shows you on every day basis what is important for you to do as a trader. And sooner or later you do it. You implement new good habits in your life, one by one. Excellent tool! Extremely efficient! Thank you Joe!!!"
-- Michal Abel, Poland
When you
order
THE LIFE INDEX
FOR TRADERS™
we give you our
EQUITY EVALUATOR™
free!
Order the LIFE INDEX FOR TRADERS WITH BONUS TOOL "EQUITY EVALUATOR" during our
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at 10% OFF!
Discount will be applied during checkout.
The Equity Evaluator™ lets you see exactly how well you are doing in the markets. But it does even more than that. The Equity Evaluator tells when you need to stop trading long enough to take a serious look at your Life Index. It tells you when you need to paper trade, and it tells you when it's okay to trade with real money. The Life Index for Traders (LIFT) and the Equity Evaluator™ work hand-in-hand to help ensure your trading success. Follow this link to find out more.
The truth is simple: the charts of the markets follow a law. Professional Trader Joe Ross calls that law:
The Law of Charts™
Joe's trading students have told him that once they understood the markets, all they ever needed to trade them profitably is an understanding of the Law of Charts™ along with the dynamics of the market.
This Online Video gives you a presentation of the Law of Charts formations, followed by a very detailed explanation of how to use the Law of Charts to make profits in the markets.
We know you and your trading will benefit greatly from Joe Ross' The Law of Charts.
Take
“The
Law of Charts Online Video Seminar. The Seminar takes you deeper,
and explores the astonishing reality of the Law of Charts in the markets.
The Video Seminar brings you the pure simplicity of what the markets
are all about. Trading does not have to be complicated.
Everything you need to know to make money in the markets is right there
before you when you look at a price chart.
Follow this link for more detailed information about this
online video seminar.
Order the Law Of Charts Webinar during our
Fall Sale Event
at 20% OFF!
Discount will be applied during checkout.
AVAILABLE ONLINE!
You can learn from Joe Ross from anywhere in the world - his in-depth online seminar The Law of Charts allows you to participate even if you are in your pajamas. You can watch the seminar at any time, at your convenience.
Visit Joe Ross' Online Blog "Trading for a Living"
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