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 #FuturesTrades
Chat Room Log
May 9th Friday 2008
#FuturesTrades
Chat Room Log
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Click
on any of the above trading dates to view the trades and discussions
in #FuturesTrades chat room on IRC that had occurred in real-time or
to review all the trading/market discussion logs for the recent
months...click
here.
WRB
Analysis Tutorials
Fading
Volatility Breakouts
 Most
Recent
Education Lesson:
"You often hear
some traders say that they prefer to fade swing point breakouts or
horizontal trend line breakouts.
I like to do something similar via fading Volatility Breakouts.
What exactly is a volatility breakout???
Lets take a close look at recent price action in the Hang Seng mini HSI
Futures on October 11th Thursday.
First you need a volatility spike WRB (it has expanding body range in
comparison to the range of the prior intervals).
Next, you need to see the...continue
reading."
Understanding the Price Action
 WRB
Analysis
identifies shifts in supply/demand and changes in volatility.
It will
help you make improvements in your own strategies via giving you a better
understanding of the price action in your trading instrument.
To learn more about improving the
performance of your own strategies from entry to exit...click
here.
However, some traders don't have time to develop their own reliable
strategies while other traders are no longer interested in their poor
performing methods after many months or years of trading.
In addition, to learn more about profitable
strategies that exploit changes in supply/demand along with giving you a
better understanding of the price action...click
here.
Delayed
Charts
Volatility
Analysis of the Price Pullback
CBOE Gold
Index ($GOX)
Profit Level Reached: WRB pt6
 "I
was surprise to find out not many Gold (GC) or (ZG) retail traders
follow the Gold indices (index) to help with their trading.
In my opinion, not following the Gold indices like $XAU or $GOX will
result in missed trade opportunities in GC and ZG
futures when pattern signals only
appear in the indices but not in the
futures.
By the way, today's false break down below...continue
reading."
Most
Recent Trader
Tip
Avoiding
Drawdown (consistent losses)
"Traders that
have a strong understanding of the price action they are trading will
rarely need to make adjustments to their pattern signals when the
market conditions change.
Further, one of the
main reasons why drawdown cycles occurs is that traders begin making
adjustments to their entry signals during the early stages of losses
instead of spending the same time and energy to understand the price
action prior to the appearance of a pattern signal.
Simply, understanding
the price action allows a trader to adapt his/her overall trading plan
to a change market condition without having a need to make adjustments
to the actual entry signal."
Contact TheStrategyLab.com
 Phone:
+1 708 572 4885
Mon - Fri / 8am - 5pm est
 Skype
Live Chat:
kebec2002
Email:
sales@thestrategylab.com
If your not a current client and want to
know more about our strategies...please review
WRB Analysis
and the Frequently Asked
Questions prior to contacting us.
Also, if your having problems
navigating our website, our
Sitemap will
help you find what your looking for.
Further, we are aware that the markets of some trading
instruments are 24hrs. If we're not available at the moment you call,
please leave a message in our voice mail box with your name, phone number
and email address for us to return your call.
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Trade
Performance Record
May 5th Monday 2008
Emini ER2
Trading
via WRB Analysis
Profit for the Day: $1,790
 Click on
image to view actual size
"The
profit (loss) statement on the left represents today's trading
results.
Also, to read each trade from entry to
exit along with my thoughts that were posted in real-time as I
traversed from trade to trade while using WRB Analysis to exploit
changes in supply/demand...click
here.
In addition, I post my trades and
commentary at the above link via the alias NihabaAshi (Martial Arts
and Japanese Candlestick term).
Further,
to learn more about profitable
strategies that exploit changes in supply/demand along with giving you a
better understanding of the price action...click
here."
Managing
a Win Streak
It's not all
about the Entry Signal
 "Most
traders talk about drawdown periods and how they deal with such via
money management and trade psychology.
In contrast, there's very few
discussions about managing a Win Streak...keeping it alive sort'uv
speak.
I'm currently on a mega win streak that started April 16th Mon 2007
and it has been a fun ride so far....continue
reading."
Japanese
Candlestick
Analysis of the Bullish Harami
CBOT
mini-sized Dow (YM) Futures
Profit Level Reached: WRB pt6
 "...we
want you to compare the Harami body depth and its position to the
big down interval before it. In addition, compare the body depth to
the body depth of each of the three intervals before the big down
interval along with comparing the position of the Harami interval to
the position of those three intervals before the big down interval.
This comparison of the intervals to each other will help you to
understand and distinguish one Harami pattern from another Harami
pattern that may appear later in the trading day or the next trading
day.
Just as importantly, comparing the price action of the Harami
pattern to recent prior price action will give you a good
visualization of changes in volatility along with being able to
visualize the changes in supply/demand itself.
By the way, that big down interval that's referenced above is called
a Dark WRB and you can find...continue
reading."
Recommended
Books for Traders
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Candlestick and Pivot Point Trading Triggers
We gave this
book a
 rating
and to read the ratings
about this book by other traders from all over the world...click
here.
The book covers a broad base of
info and specific strategies involving Japanese Candlestick
patterns and Pivot Point Analysis. |
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Stock Trader's Almanac 2008
We gave this
book a
rating
and to read the ratings
about this book by other traders from all over the world...click
here.
The book should prompt you to do
your own research into price action seasonal tendencies not
discussed in this book that's particular to your favourite
trading instruments. |
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Encyclopedia of Chart Patterns
We gave this
book a
 rating
and to read the ratings
about this book by other traders from all over the world...click
here.
The book examines chart patterns
from the view point of statistical results even though the
author researched these commonly known patterns via his own
personal trade methodology.
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Frequently
Asked Questions by Newbie Traders
Best Market to Trade?
 It's
a simple decision even
though things can get more complex if you want.
Back test your method on all the instruments
your considering for trading and then select the trading instrument with
the best results (the one that's more profitable than applying your
strategy to all the other trading instrument)
and select it as your primary trading instrument.
Next, the trading instruments with the second and third best back
test results can be designated for trading as your backup trading
instruments if your having data problems or exchange problems with trading
your primary trading instrument.
For example, its possible that your strategy...continue
reading.
Back testing Credibility?
 First
of all, back testing is needed to confirm if you have a positive
expectancy in your strategy. Therefore, if back
testing shows you
that your method will lose money, it would be a poor decision to
trade that method with real money even if it was via a small size
because the psychological aspects of losing money could have a
negative impact on your ability to be properly prepared to trade in
the future.
Further, if your back testing results are...continue
reading.
Screen Capture Video Programs
 I recently answered a question
at another discussion forum in which a trader wanted to record times
and sales, NY open book, broker execution platform and his reactions
(mouse movements and audio) as he progress from one trade to the
next trade...continue
reading.
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"I
tested it on YM, Tbonds, FDAX, ER2. It's reliable on what I
trade and I will be purchasing your swing trading report soon."
"In
all fairness...I give credit to these results to Niha and what I have
learned from him."
"Your
material is exceptional, its REVOLUTIONARY, seriously."
