Emini Academy Blog from the Emini Academy

Live Futures Trading Update for Tuesday, June 29th

As you probably already know from our market forecast video for today, we were anticipating some downside action on the longer-term charts. At the close of the regular e-mini trading session yesterday, we were poised for a breakout, and most technical indicators were pointing down. So when we opened up our live trading room this morning, we weren’t surprised to see a very high probability continuation short trade.

The market had some nice oscillations during our live trading session this morning, and I wanted to do a quick live market update video for you today to show you the potential of the MAP Trading Strategy. Overall, we had 7 setups, 5 winners, and 2 losses for a net profit potential of over 8 points. This is only possible because of our extremely solid risk management plan.

If you haven’t already signed up for a free trial, I’d love to have you join us for a few live trading classes this week. Here’s the link where you can sign up: http://www.eminiacademy.com/free-trial/

Emini Day Trading – Market Forecast for 06/29/10

So the markets have shown a ton of weakness over the past few days. This is even lining up with the bearish head and shoulders technical pattern on the daily chart. I wouldn’t be surprised to see a sell-0ff tomorrow with most charts primed to dump. The key area is around 1,040…

S&P 500 Emini – Live Market Update for 06/25/10

This week has given MAP traders some awesome opportunity throughout the week. As of right now (1:50pm CST, Friday), the market is down around 45 points from the high Monday morning. We put in a double top right after market open on Monday and have been in a strong downside channel for most of the week. A couple hours ago we finally turned a little positive on today’s price, which broke a key resistance area. That was preceded by our emini trading indicators and technical analysis showing us an interim reversal pattern off of the lows in the S&P 500 around 1,060.

This afternoon I had a really nice 3.75 point trade that set up with with very little risk and plenty of reward. It looks like the emini charts and quotes could be losing steam on this beautiful Friday afternoon, so I’m going to get out of the office and give the market a break!

On a side note, we’re really pumped about the feedback we got from all our new students this week who joined us for a free trial of our emini trading room. If you’ve been on the reservations list for our coaching program, or if you’re ready to join our MAP Mastery Program, then go ahead and sign up for a free 7-day trial. My Education Counselors will set you up with everything you need if you call our office at 800-788-1658.

Have a great weekend and I’ll see ya’ll next week!

Chris Dunn

Some Analysis of Chris Dunn’s Live Cash Emini SP500 Trades

I’ve had quite a few of you guys ask to see some of my actual SP500 e-mini trades from the MAP Trading Strategy. I’ve done quite a few live trading videos, but I thought it would be good to examine some real trade examples. As a follow up to my other post talking about my personal trading style, which is now working in some scaling strategies, here are a few trades taken over the past couple days.

First, I want to give you an idea at some statistics. My average win ratio right now is around 77%. My short trades seem to be slightly higher at around 80%, where the long trades are closer to 75%. As far as the risk to reward goes, many of you know that I only risk 1.25 points ($62.50) on the ES. I’m making about 2.78 points for every 1 point lost.

Live Cash Trade Number One
Here’s my one and only trade from today (Tuesday, June 22nd). This morning we had a live trading class, but didn’t get many conservative set ups. I’m not going to try and guess why the market wasn’t cooperating this morning. All I know to be true is that we get 4-6 setups on average in the morning session every day. This particular setup is known as our “breakthrough trade”. It’s a very high probability trade that usually works out to be profitable very quickly. I usually don’t scale into this trade, but saw an opportunity to get a higher probability entry. After the second short arrow, the market retraced back agasinst me a little bit, which turned the trade into what we call a “continuation trade”. This is on average our most profitable setup. And when I got an entry pattern with price action, I layered a 3rd position on the table.

The trade management on this trade was a breeze! I had two dynamic profit targets that were based on the current movement of the market, not automated profit targets like some traders like to use. When we hit the first target, I decided to close 1/3rd of the position. The market was showing strength down, so I was pretty confident that we’d hit our “main” target at 1107.00. Once we hit my second target, I looked for price action on our short-term 233 tick chart and got out right away.

Live Cash Trade Number Two
This was my second trade of the day from yesterday (June 21st). Another high probability BT with CT criteria, this one came within a tick of my stop before moving to my first profit target. Based on my multiple time frame analysis, I saw weakness at the first target so I decided to just close the whole position. Also, I was getting ready to start our MAP Mastery Class, so I needed to get ready for that. I won’t be able to buy a Ferrari with that trade, but it was profitable nonetheless.

Live Cash Trade Number Three
This last trade was another one that allowed me to scale in via higher probability scenarios. We had some clearly defined targets, but what’s really nice is how the market allowed me to add to my position with a higher price, then a super-high probability pivot area. This trade initially developed as a BT, gave me an opportunity to load up, then close 1/2 at target 1. Then I added to the position with a valid CT #1 entry, closed 1/2 at the first target. Looking back, I definitely pulled my stop in a little tight on the last 1/2 of my contracts. It’s funny, every time I make a “Money” or “emotional” based decision, the market punishes me for it!

Hopefully this shows you that I’m NOT perfect and still make mistakes. The difference between succesful traders and losing traders is that successful traders have a strong ability to:

#1- Not take losses personally
#2- Laugh at and recover from mistakes
#3- Have the confidence in your own ability to execute without hesitation

S&P 500 Futures Forecast for 06/22/10

Today was another great trading day on the sp 500 e-mini futures contract. We had 7 trade setups with 5 wins, 2 losses, and a net point potential of 8.5 points! Personally, I took the first two trades of the day for a morning profit of +3.00 points. Then, I caught two nice runners in the PM session for another couple of points… Overall, it was a very profitable day for MAP Traders!

Also, we’ve opened up spots to our live emini trading room and coaching program. You can get a free 7-day trial before you get enrolled! Call our office or sign up online.

Live Market Update – Futures Trading Strategies

So far this morning we’ve had 3 trades, 2 winners, and 1 small loss. Net profit potential = 4.75 points per contract.

Based on our analysis from yesterday’s market forecast video, we were looking at the 1,100 area as a key price point. Our most profitable trade of the morning popped right around that area for a minimum 3 point profit. If you don’t already know, we use a maximum stop loss of 1.25 points and go for an average winner of 3 points. We also look to win more than we lose. This gives us what we call a positive expectancy trading strategy.

If you’d like to get a free 7 day trial to our live trading room, call our Education Counselor at 800-788-1658. You’ll get a 10 minute personal trading consultation and access to some of our MAP Mastery coaching material. Next week, you’ll be able to sit in on our live trading room and see our trading system in action! You can also request your free trial online.

Online Emini Day Trading – Market Forecast for Friday 06/18/10

This afternoon we held a special group review session for our Elite Coaching Students and we were able to do some live trading, which resulted in a live trading room profit of 4.25 points. The entire trading day was very profitable with 9 trade opportunities throughout the trading day with 7 wins, 2 losses and a net profit potential of 9.5 points on the ES (E-mini S&P 500).

If you want to check out our high probability trading strategy and see us trade the markets live, give us a call or request your 7 day free trial. You’ll get a solid understanding of our trading strategy and understand how we use risk management to put the odds in our favor, remove the emotion from trading, and execute winning trades.

Emini S&P Day Trading – market forecast video 06/17/10

This morning gave us some high quality, not a ton of trades, but some very nice winners. We had 4 setups, 75% winners for a profit potential of around 6.5 points. In our live trading room, we’ve been talking about the importance of not getting locked into emotional market biases. For example, you don’t want to “jump on the band waggon” of emotional buyers. In other words, don’t say “Hey, this market’s going up so I’m buying!”.

Rather, you should have a trading strategy that gives you a clear way of understanding market direction, then show you when to get into a high probability trade.

Online Day Trading – Emini forecast video 06/16/10

Today was a great example of a perfect trending market. It took a little while for it to develop, but after the trend was established we knew we were only looking for longs and the MAP Trading Strategy allowed us to capitalize on 3 profitable continuation trade setups.

Also, we’re getting ready to start our next MAP Mastery Class this Monday! We’re going to take you through our step-by-step online trading course and spend a whole 90 days with you with live trading classes and personalized coaching. You can get a free trial by calling one of our Education Counselors today at 800-788-1658.

06/15/10 Market Forecast Video – And Some Risk Management Tips

We’ve seen the volume fall off quite a bit over the past few trading days, which have been moving price to the upside. The market’s had some ugly and weak trends to the upside, so we weren’t surprised today to see the market get rejected off the month strong resistance area around 1,100. I could almost feel the bulls getting stuck long today… and I bet that late afternoon sell-off hurt some people. Thankfully, the MAP Trading Strategy kept us on the right side of the market and gave us 2 quick profitable trades early in the afternoon.

I know risk management is a pretty confusing subject for a lot of people. Even if you’ve read all the theory in the text books, you may still be struggling with finding a risk management plan that works for you. I think there are really 3 primary ways you can manage risk no matter what time frame or market you’re trading. Go ahead and check out this article where I talk about some key risk management tips.