November 13: Wednesday Recap & New Lows Ahead?

In today’s video update Trader Rick goes over multiple timeframe analysis using minute charts with an emphasis on Wednesday’s ES price action. Do you know how to trade trend days? We’ve already had four this month!  As you can see from the daily ES chart, we’re just a stone’s throw away from the October lows. Are we likely to see lower prices ahead or will buyers step in and present us with a bounce? Find out what Trader Rick thinks by watching the video below. Can’t see the video yet? Join the Traders Club today and watch instantly! There was also a live Euro trade call in the eChat room which could have made you a quick $100 per contract – Drop by the eChat room today and check us out!

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November 12: Did you take these trades?

Hi everyone, welcome to another video update. Today we’re going over some wonderful trading opportunities in the Euro, ES & Crude, and also taking a look at the longer term outlook for the Dow Jones. You’ll see examples of exactly why multiple timeframe analysis is so important, and how dialing down to a shorter timeframe while seeking confirmation from the higher timeframes can provide you with very high probability setups. You’ll also be seeing some advanced 3X techniques involving keltner bands and even a few very clean examples of the 3X in action on the ES, many of which were posted early in our eChat room. You can’t afford to miss it!

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November 11: Market Recap

Join Trader Rick in our latest video newsletter update as he reviews Monday’s hot markets and explains trade set-ups in Crude Oil, the Eurostoxx and ES. There were some great trades to be had in these markets yesterday, and this is your chance to see how the 3X and 9/30 methods can be applied to topical markets. Traders Club members can watch it here now!

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November 10: Ready for Monday?

In this latest video update, Trader Rick discusses trading ideas for Monday in the ES, the Euro and Crude Oil. Preparing your trading plan before the day begins is an important element of successful trading. If you know what you are going to do ahead of time, then you’re ahead of the crowd. Multiple timeframe analysis along with what-if scenarios make this an unmissable video. Watch it here now!

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Training for Success

Think simulated trading is pointless? Think again! This article discusses why the simulator is an often overlooked tool in trading education and how it can help you improve your results.
The simulator is simply a way for traders to try out different strategies and tactics in real time, but without the financial risk of putting real trades on. Think of the simulator as the trader’s gymnasium.

Most new futures accounts last three months. A shocking statistic? Not that shocking perhaps, when you consider that most new traders approach the markets by opening an account, funding it, then immediately jumping in at the deep end of the pool with a half baked trading plan, no proven edge, and a lack of proper risk control. It’s only a matter of time before this trader blows his account.

I will be honest with you. As a new trader, when you step on to the playing field that is the futures markets, you are competing against the very best professional traders that London, Chicago, New York and Tokyo have to offer. They are vastly more capitalized than your average independent trader, and they spend every day living every tick. What’s more, they will eat you alive if you are not well prepared.

The most common argument I hear against simulated trading is that it doesn’t teach you anything about what it’s like to have real money riding on a trade. Quite right. I completely agree. Simulated trading can never account for the emotional aspects of using real money. At this stage of your learning however, that is completely irrelevant! Think about it, if you can’t demonstrate your edge and consistently make money from a simulated account, what hope do you have of making money from a real account?

When using the simulator, your goal is simply to achieve a level of discipline and consistency which will provide you with enough confidence in your edge and yourself to make a smooth transition to trading your real money account. Prove to yourself that you have an edge! Don’t have an edge yet? Why not use one of the high probability eFutureVision set-ups such as the 9/30 or 3X along with a simulated trading environment to accelerate your learning curve.

By making use of the simulator as your trading gymnasium, you are taking the same course of action as the world’s elite sportsmen and women who practice and train for years on end before taking their sport to competition level. A professional sprinter may only spend 10 seconds running his race, but how many hours of his day are devoted to achieving the optimal start out of the blocks? It is the small details that make a big difference.

I recommend that you spend anywhere from 4-6 weeks on the simulator as an absolute minimum. When you can sustain consistently profitable results over this period of time without major draw downs, you may begin thinking about making the transition to real money. Perfect practice makes perfect.

If you need suggestions for a good trading simulator, my choice would be NinjaTrader. It’s compatible with most popular datafeeds, it’s free, and it provides you with both an excellent simulation engine and perhaps most importantly – it tracks your performance metrics. Ensign software also has a good simulator function called Playback.

Please send any feedback or questions about this article to sam@efuturevision.com.

3X Trend Method

The 3X method is at the very heart of eFutureVision’s video training library. This is the set-up that we recommend new Traders Club members spend a good deal of time getting to know. Every trader needs a way of framing the market and making sense of the chaos – the 3X is our way.

Based on the solid underpinnings of our 9/30 method, the 3X evolves and improves on its predecessor by providing more filters for added accuracy and most importantly – multiple time frame evaluation – which takes into account the trend and momentum of higher time frames, allowing you to make very high probability trades while minimizing risk.

You will see examples of a 3X set-up in virtually every Video Newsletter we publish, which affords members of our Traders Club to see exactly how we use the 3X method across different markets and timeframes to make consistently good trading decisions.

The 3X method is a with trend continuation set-up that utilizes multiple timeframe analysis in the form of trend and momentum in order to maximize opportunity and limit risk. Our detailed video in the Traders Club video library walks you through setting up your charts and indicators, discusses the criteria of entries and exits, profit targets and stops, and much more.

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Sean H

“I have tried a lot of different systems with the eminis (all without success) and I have to say that this is by far the most sensible and profitable one I have ever used.”

9/30 method

This is the 9/30 video for the Traders Club Video Library.

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Murray S

“THANKS, first profitable day ! ! ! ! ! I used a 500 volume chart, I ‘seem’ ok with using that and tick but it was the indicators and trade setups. 9/30 and the 2B reversal. It kicked in, and it’s nice to feel confident about doing a trade by the book and seeing it work.”

Duane M

“….Thanks to the 9/30 setup and careful tutoring from you, my trading has completely turned around. My trading has gone from a very stressful situation in which I was unsuccessfully trying to pick tops and bottoms to a simple, relaxed and profitable way of trading. The 9/30 setup is very simple and easy to follow.
It works in any market on any timeframe, from tick charts to monthly charts. What really makes the 9/30 setup work is your patient tutoring and your market insight. Thanks for making trading profitable and fun!!”

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