Edition 926
April 8, 2022
"What is desired in a Trader is kindness, and a poor Trader is better than a liar." Master Trader Joe Ross
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Euro /Dollar
We are looking at the weekly euro vs. the U.S. dollar in order to pick up the trend and also to also observe what to do when you have a thrust bar at the end of a swing. You can see a similar weekly chart of the euro-fx futures.
As you can see, according to the 50 week moving average, the euro at the time of this writing was still in an uptrend. The moving 50 week moving average shows almost perfect containment of the trend.
Below the chart is a 5.3.3. Stochastic. The fast stochastic (blue line) is about to cross the slow stochastic (red line). At Trading Educators we are not much on using indicators unless we can find a special use for them. Thrust bars at the end of a swing are when we look to a short-term Stochastic for some confirmation of a change in momentum. This time the change is from downward to upward momentum.
When you put these technicals together with the fundamentals of a weakening dollar, you have the ingredients for an upward swing in the euro. While currencies swing wildly on the intraday and daily charts, the weekly chart gives you an opportunity to stand back and get the big picture. We use the bigger picture to plan our long-term investment strategies.
© by Joe Ross. Re-transmission or production 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: Defining Wisdom in Terms of Trading and the Markets
Wisdom is said to be the right application of knowledge. Wisdom is a state of consciousness, born from the understanding and awareness of past experiences, and relates to future occurrences. Wisdom allows...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
Apollo Global Management (APO) Ratio Spread
Even when we only exit at our first target (keeping close to our initial credit), annualized returns are on the high side when we open the position on a volatility spike, very close to a swing low.
This was the case for APO Apr 14 2022 +57.5P/-2*55P entered for a credit of 1.20 per spread on 14th March 2022. We could not get our entry fill for the second half of our position as APO immediately reversed to the upside and our long put strike was not even challenged.
We could close the position on 1st April 2022 at 0.05, keeping 115$ premium, for an annualized return on margin of 211.99%. This was a stress free trade with quite decent returns.
Philippe
NOW is the time!
Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.
This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.
65% OFF
Use coupon code during checkout: iig65
Includes 2-Months FREE of Detailed Guidance which starts after completing Joe's online courses.
Check out IIG's Performance Track Record
We hope you will join our IIG trading team!
© 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, and Day Trading, and Editor for 20+ years with Traders Notebook, daily advisory newsletter.
Trading Article: Big or Small?
Careful risk management is a key component you being able to trade at your best. Comfort level is really important when it comes to risk. You need to be comfortable in three areas: read 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 Market of the Year
2021 was a good year for Ambush Traders, especially the first half of the year was simply amazing! Time to look back and see if there's one market that really stands out.
And without question, the Ambush market of the year is the Russell 2000 index Future! Doesn't matter whether you traded the E-Mini or the E-Micro contract - that market delivered big time!
Here's a daily chart of the E-Mini Russell 2000 (RTY, traded at CME), showing the whole year 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. The Russell moved in a trading range almost all year and Ambush just picked the tops and bottoms again and again!
The edge of Ambush is that we get in on these reversals BEFORE everyone else does when the swing-point is already in place. We participate and profit from those coming in later when the move is often already over (thank you guys!)
Here are the results of these trades, trading only one RTY contract:
Yes, that's almost $25k profits with a very moderate maximum drawdown of just $6k! That's something, isn't it? Now here's the kind of performance graph we traders all dream of:
The E-Mini Russell 2000 Future is a large contract and not suitable for small accounts. But you can do these trades also in the E-Micro Russell 2000 which is just 1/10 the size and more than liquid enough for Ambush Trading. Remember, we don't get in and out of the market 10 times a day and make our brokers rich. We place our order once a day and walk away till the close!
That's what makes Ambush Signals so great, it works with any account size offering three subscription models depending on your goals.
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, walking away, and going for the big intraday moves!
Join me in 2022 and 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.
NOW is the time!
Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.
This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.
65% OFF
Use coupon code during checkout: iig65
Includes 2-Months FREE of Detailed Guidance which starts after completing Joe's online courses.
Check out IIG's Performance Track Record
We hope you will join our IIG trading team!
Even though Master Trader Joe Ross passed away September 7, 2021, his trading knowledge of over 60 years will carry a trading legacy and will live on. As you learn about Joe Ross and understand what he was trying to teach his students, you will find that within his writings, he had a very special gift. Most importantly, it was his students that kept him striving to provide comprehendable trading material to actually teach traders and become independent, to rely on anyone, but themselves.
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 was able to survive 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 creator 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 many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: "Your mastery of teaching is even greater than my mastery of trading".
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 founder and contributor of the company's newsletter Chart Scan™.
Joe's philosophy for helping traders is:
"Teach our students the truth in trading - teach them how to trade."
"Give them a way to earn while they learn - realizing that it takes time to develop a successful trader."
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.
To accomplish our mission for our students we educate them so that they know and understand:
Benefits for our Clients:
- Where prices are likely to move next.
- Independence from complicated trading methods, magic indicators, and black-box systems.
- Independence from opinion, anyone's opinion, including their own.
- Independence achieved through knowing how to read a chart.
- Independence through having knowledge of insider actions.
- Independence achieved by taking holistic and eclectic approaches.
- Independence coming from knowing how to manage both the trades and themselves.
- Independence because they understand and trade what they see.
- Independence because they have learned how and why prices move as they do, through studying the truth in trading and the truth about markets.
Students learn only proven methods and techniques, which helps them to preserve capital and create more consistent profits; they are offered simple methods that will assist them to earn while they learn.
- They learn to work smarter and more effectively.
- They learn to treat trading as a business; we offer no Holy Grail or magic systems.
- They learn to adapt to changing market conditions.
- They learn a systematic approach to trading rather than a mechanical system for trading.
- Why prices will move there.
- Who and what cause prices to move.
- How far prices are likely to move when they do move.
- Their own role in the movement of prices..
- How to take advantage of the knowledge they receive.
- How to properly manage and exit a trade which they have entered.
- How to manage themselves and acquire the discipline needed to become successful traders.
Read some personal testimonials which Joe has received.
WE APPRECIATE YOUR TRUST IN US AND THANK YOU FOR YOUR BUSINESS!
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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 2022 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.
This newsletter and future publications are created to keep Master Trader Joe Ross' lessons readily available to traders that want to learn and improve their skills. My father passed away on September 7, 2021 and will be greatly missed, but his writings will stand the test of time for generations to come. Take it to heart and learn from the best through Master Trader Joe Ross' trading examples and articles which have impacted thousands of traders on every continent for over 60 years.
Happy trading,
Martha Ross-Edmunds
© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent
