Archive for the ‘Map Trading Strategy’ Category

As I mentioned yesterday in my Fear and Greed blog post, there is a great example of how these two emotions have been in play the entire year. This isn’t so good for retail investors, but for professionals, it’s a dream! The sound in yesterday’s Trading Forecast blog post went out 50 seconds into the video, so I want to touch on that lesson again in today’s video…

Also, I’ve included the link from yesterday’s free live trading webinar below. After our training session, we did about 15 minutes of live trading and netted about 5 points! This won’t be up forever, so watch it now…

Link for live trading webinar: http://www.omnovia.com/movies/eminiacademy/51790

Today was another volatile day with some nice volume and momentum in the futures markets.  The MAP Trading Strategy had 15 setups with 10 wins, 5 losses, and a net profit potential of 14 points!  When the markets go through periods of uncertainty and emotion, we clean up…

I’m going to be cautious after market open tomorrow morning.  We’re stuck in between support and resistance on the monthly, daily, and 60 minute chart.  This could spell out some choppiness in the early morning hours.  Of course, a lot could happen between now and then.  We’ll see what the Europe market open does, and how the early morning (8:30am EST) news affects the market.

No matter what happens, we’ll stick to our high-probability setups and risk management structure.

Oh, and check out this new trading article titled “Are You a Confident Trader?”

Stay profitable!

Chris Dunn

After a profitable trading morning session,  I decided to take the afternoon off to enjoy some time in downtown Buenos Aires, Argentina.  And as I was sipping on some “cafe con leche”, the markets were going into a state of panic and confusion.  Within 30 minutes the DOW fell about 1,000 points, which dipped below 10,000 (around $9,869), then capitulated back up to $10,520 for a loss of $347.80 (3.2%) on the day.

I can only guess as to why it happened… CNBC says there was a mistake made by a Citibank trader, who’s fat finger hit “B” for billion, instead of “M” for million, which assisted in a huge sell-off in Proctor & Gamble’s stock.  Also, there’s been a lot of talk about the financial crisis in Greece and other European countries.  I think all that mess, mixed with emotional selling and stops being hit, sent the market into a frenzy.  

Cramer was live on the air when the Proctor and Gamble sell-off hit.  Historically, I haven’t been a Cramer fan, but I gotta hand it to him.  He made a very timely call live on the air to buy PG at a $49.25 bid, and in less than 3o seconds it was back up to $60.  I’m sure a few quick traders made an easy six figure profit.  Here’s the live Cramer video.

Over the past couple of weeks, I’ve been talking about why we should see a some downside moves in the markets.  As I’ve mentioned on the Emini Academy Blog recap videos, we’ve been in an extremely over-exuberant bullish run since early February of this year.  We’ve seen both retail and institutional investors buying the hell out of the market, which we knew could not be sustained forever.  And as we approached the 61.8% retracement of the bear run from 2008 and 2009, we put in a nice head and shoulders reversal pattern.  We also saw professional traders get net short on the futures markets toward the end of March (another sign that a reversal was coming).  And as the retail investors were buying into resistance, the pros were selling down to support, which made for some nice oscillations and increased volatility.

I think today was a wake up call for people who had a unreasonable bullish bias on the markets.  In only a few short days, we saw the market dip to lows of the year, taking out a lot of stops on the way down.  Who knows what will come out of this craziness?  I’m sure we’ll see some investigations, speculation, and maybe even some regulation… but for the time being, I’m going to stay focused on what I do best and stick to my intra-day trading plan, and let the news anchors stress about where the markets are headed.

Stay profitable, disciplined, and sharp…

Until next time.

- Chris Dunn
E-mini Day Trader & Founder of the Emini Academy

Today was another great trading day.  The volatility has really picked up in the e-mini futures markets… actually, across the board in most equity markets.  Some bulls are definitely getting shaken out as we break some key support areas.

We’ve been listed on Investimonials.com!  Check out our awesome reviews: http://www.investimonials.com/newsletters/reviews-emini-academy.aspx

And the first 20 traders who register for our next MAP Mastery class will get our soon to be released “Pro Trader Blueprint” course… Here’s the link to register: http://www.eminiacademy.com/registration/

Have a great and profitable Friday tomorrow!

We broke some key support on the S&P 500 e-mini futures contract yesterday. And today we had a nice gap that is just getting filled (11:50am EST).  The MAP Trading Strategy had about a 2.5 – 4.75 point profit potential today…

Also, we’re having a free live training webinar titled “High-probability Trading Concepts” today at 1:00pm EST. Here’s the link to register:

http://eminiacademy.omnovia.com/registration/69481272563149

Well, today was another nice trading day.  Followed by a swing day yesterday (Monday), our key resistance areas send the S&P 500 e-mini (and other index markets) screaming to the downside.  In this trading recap video, I talk about the reasons why we fell off today, and where we could end up next.  And as always, it doesn’t really matter if the market is bullish, bearish, or just flat… we trade our MAP Trading Strategy on very short-term charts.  The longer-term charts just give us a nice vision of what’s happening on a bigger picture, and help to anticipate what could happen next.

Also, we’re getting ready to take the team down to Buenos Aires, Argentina to trade for a month.  Here’s a blog post from Chris Dunn about the trip: http://www.chrisdunn.com/buenos_aires/

We had a great live trading session with morning… Made 3 trades (all winners), with a profit potential in between 6 and 8 points on the S&P 500 e-mini futures contract.

I’m sure you’re looking forward to the MAP Mastery Program, which is starting next Monday (April 26th). We have just a few spots left, so go ahead and register if you haven’t already done so:

Here’s the VIP MAP Mastery Registration Link: http://www.eminiacademy.com/mapmastery/

In today’s e-mini trading video, I talk about the battle that’s going on in the stock market right now… We’ve had quite a bit of bullishness, with two channels of support holding us up, but a strong level of resistance right above our current prices.  And because of this range, we’re seeing some nice volatility and runs that fit perfectly with our MAP Trading Strategy setups.

Also, we have just a few spots left for our “MAP Mastery Program”, which is starting next Monday, April 26th.  Here’s a back-door link to reserve your seat right now:

http://www.eminiacademy.com/mapmastery/

So today we got a nice bounce off of a confluence area of price support on the e-smini S&P 500. There was a nice head and shoulders price pattern that lined up on the 5 minute chart. We were able to capitalize on a nice long trade on the ES for about a 5 point profit. Some conservative traders could have taken profit a little sooner, but a great trade either way.

Also, we’re doing live trading tomorrow! Here’s a link to register: https://eminiacademy.omnovia.com/registration/77361271387858

Well, what a great day on the ES today.  The MAP Trading Strategy gave us 4 winners for 100% winning percentage and a 2/1+ risk to reward.  We’re at a decision point in the market, which I talk about in this week’s S&P 500 e-mini futures update video.

Also, we’re doing a LIVE TRADING SESSION on Wednesday, April 21st at 1:00pm EST.  Register here:  https://emini.infusionsoft.com/go/0421livenlc/nlc/