Recommended Bookmark!
Hi Students...
Thanks to Lab we have the econoday website...make a shortcut to the desktop and peruse it every morning before the open, and note any report times that may influence the S&P.
http://mam.econoday.com Thanks Lab...we appreciate it.Marsh
March 2005 Emini S&P Workshop Schedule…
Taking the mystery out of Day-Trading. All of this takes place in real-time using HotComm and Live Market Conditions…you get to see how we put it all together – It’s really Simple-as-123…
Be sure you have read the manual...and Study Guide before you attend any workshop.
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Tuesday, March 1st 9:20 – 11:30 EST
Basic Training…
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Set-up – Hotcomm, Charts, and answer questions. See attachment of my chart set-up
1. 5-Min. ES candlestick chart with the 10-period simple moving average.
2. 5-Min. $COMPX candlestick chart with the 10-period simple moving average.
3. 5-Min. $INDU candlestick chart with the 10-period simple moving average.
4. 5-Min. ES chart with Fast Stochastics…8 – 3 If you use eSignal or TS set 8,3 and 3
5. 5-Min. ES chart with Fast MACD…22 – 50 – 5.
6. 15-Min. ES chart with the default MACD 12 – 26 – 9.
7. TradeLog (If you don’t use a Trade Log you will lose!)
8. Trading with the trend (The trend is your friend till it comes to an end)
9. How to place your orders – Bid and Ask (Learn how to cut down slippage.)
10. Stop loss – never more than 2 points
11. Pivots – What are these? Thought you’d never ask...
Tuesday has a sideways, or ascending or descending channel
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Wednesday, March 2nd 11:45 – 3:00 EST…
What to expect in the afternoon?
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1. Looking for an opportunity in the afternoon session…
2. Identifying over 13 Price Patterns
3. 12 o’clock Hop or Flop…
4. Double Tops and Bottoms…the all mighty Blip
5. First hours High and Low – How it affects the day
6. Reversals…what to be wary of from 1 – 2 o’clock
7. Bond Boys…when the bond market closes; watch out!
Expect the Market to get bullish in the Afternoon
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Thursday, March 3rd 9:25 – 11:30 EST…
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1. Using the Trade Log
2. Trading in a Channel
3. Strategies – 30-Minute Breakout
4. The Moving Average Strategy
5. Making those screen shots
6. How to study after the close
Expect a choppy market… sideways, or ascending or descending channel
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Friday, March 4th 11:45 – 330 EST…
Advanced Trading Techniques
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1. Understanding trading day personalities
2. Emotions you never knew you had
3. Late afternoon Breakout
4. The Bond Boys
5. Trailing Stops…when is the best time to use them
Expect the Market to get bullish in the Afternoon
Have a great weekend…study what you’ve learned
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Monday, March 7th 9:25 – 11:30 EST…
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1. Gaps…Everything you ever wanted to know
2. Reversals, and how to take advantage of them
3. Best trade of the day – 30-Minute Breakout
4. Risk to reward…how do we know
5. Strategies that fit your personality -- M/A, Breakouts, first hour’s high and low.
A bullish bias
We will spend a day or more of your choosing if you missed a scheduled workshop.
Practice papertrading on your own; you call the shots. Send me your trades via email and I will analyze them for you…I will need your TradeLog of course, and your strategy…long or short, time of entry, target, and stop loss. Use Hypersnap www.Hypersnap.com Snagit or some other screen capture tool, then send me your chart, and show me your trade.
If you want to hang out in the Paltalk or open Hotcomm room come on in…I’m there for you almost every day for an hour or two.
Focus on your emotions…the ones you never new you had. Use good risk management, and for goodness sakes be patient.
Thought for the day...
You'll never have all the information you need to make a decision. If you did, it would be a foregone conclusion, not a decision.
David Mahoney
