Edition 840
July 31, 2020
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Choosing Your Time Frame
Hey Joe! What exactly is technical analysis? There seems to be a lot of definitions. Is chart pattern analysis part of technical analysis? Does technical analysis include mathematical and statistical analysis. I haven’t been able to get a definitive answer. Also, what is the most popular technical indicator used in technical analysis?
In my opinion, technical analysis includes all of the above. Technical analysis is a trading discipline employed to evaluate investments for investors, and identify trading opportunities for traders by analyzing statistical trends gathered from trading activity, such as price movement, volatility, and volume. Unlike fundamental analysis, which attempts to evaluate a market's intrinsic value, technical analysts focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a market's strength or weakness.
By “market,” I mean anything that can be tradable by more than one person. It takes two or more persons to make a market. It can be a single stock like Coca Cola, or a market of stocks, like the Dow Industrial Index. It can be a single commodity like Wheat, or a basket of commodities like the Goldman Sachs Commodity Index. It can be a single currency like the euro, or a basket of currencies like the U.S. Dollar Index.
The most widely used technical indicator, is without question the Moving Average. It is not only simply a tool traders use to smooth out the price movement in a given market, but it is also the basis for many other technical indicators.
Because price movements can be volatile in the short term, many traders will use a moving average in order to identify or gauge the direction of a trend. That is the most direct and simple use of a moving average.
However, the moving average is the basis for all of the indicators shown below and many others that I couldn’t fit onto the chart. All most indicators are nothing more than a variety of methods surrounding a de-trending of a moving average.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Trading Article: Indicators
Hey Joe! Which indicators work for real trading tactics?
Have you ever noticed that my entries and exits are based on price levels—actual price bars? I use actual price data to determine most of my entries and exits. There is no better technical indicator than price itself.
Think about it for a minute. You are making a mistake if you...read more.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Philippe Guartier: Administration and
New Developments of Instant Income Guaranteed
Instant Income Guaranteed - CDAY TRADE
On 26th May 2020 we gave our Instant Income Guaranteed subscribers the following trade on Ceridian HCM Holding Inc. (CDAY). Price insurance could be sold as follows:
- On 27th May 2020, we sold to open CDAY Jul 17 2020 45P @ 0.60, with 50 days until expiration and our short strike about 38% below price action.
- On 5th June 2020, we bought to close CDAY Jul 17 2020 45P @ 0.30.
Profit: 30$ per option
Margin: 900$
Return on Margin annualized: 135.19%
Philippe
Receive daily trade recommendations - we do the research for you.
Learn More! Instant Income Guaranteed
© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and
Editor of Traders Notebook Complete and Traders Notebook Seasonal Spread Trading (TNsst)
SORRY TRADERS, WE HAD A PROGRAMMING ISSUE - AUGUST 7TH LAUNCH DATE!
JOIN ANDY'S TRADING TEAM
Introducing: Traders Notebook Seasonal Spread Trading (TNsst)
LEARN MORE - WATCH THIS INFORMATIVE VIDEO
Contact Andy Jordan
Click Here to Learn more!
© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
Ambush traders rock the Candian Dollar known as the Loonie
One of the top markets over the last couple of months for Ambush Traders has been the Canadian Dollar, also known as the Loonie. Doesn't matter if you're trading the regular Canadian Dollar Future, the Micro Future, or the USD/CAD Forex pair, Ambush Traders had real fun in that market!
Here's a daily chart of the Canadian Dollar Future (6C), showing the last couple of months of trading. As you can see this market did what markets do 90% of the time, which is why Ambush is such a great trading method. Markets move in boxes/ranges, break out for a few days and then start moving in the next box. The loonie has been boxing a lot lately and so Ambush Traders had a lot of fun!
Here are the results of these trades, trading one contract:
Almost $4k profits with very little drawdowns in between!
Notice that all of these are actually day trades, even though they're based on end-of-day trading decisions. Ambush is exactly that, an easy way to day trade not for a few tiny ticks with a lot of stress but placing your trades once a day, walk away, and go for the big intraday moves.
Join Ambush Signals, let's have some fun with trading!
Happy Trading,
Marco
The Ambush Trading System was created in 2007 by Marco Mayer. Since then it proved itself in the markets for over a decade and did so with exceptional results. It's the only trading system we're aware of that is still going strong after so many years. While Ambush is a day trading system, meaning you will always enter and exit on the same trading day - you don't have to sit in front of your trading screen. You simply place your entry orders when the trading session starts and come back at the close!
© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
WE APPRECIATE YOUR TRUST IN US
THANK YOU FOR YOUR BUSINESS!
Check out our Blog!
To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.
A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.
Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).
Legal Notice and Copyright 2020 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.
