The Fractal Futures Trader » technical trading

Learn Technical Analysis from Award Winning Author

trader7757 — Mon, 09 Nov 2009 16:00:32 +0000

John Murphy has written 8 highly touted technical analysis books and today you’ll be sitting in on one of his seminars for no expense. His expertise is known the world over, his teaching style is impeccable, and he’s agreed to give access to a limited number of people for one of his most sought after seminars!

Sit in with John Murphy Today

John’s seminars are usually reserved for paying attendees so please take advantage of the chance to learn from a man with over 30 years successfully trading using technical analysis.

The Stock Index Secret Trade: A Powerful Trading Technique for the Novice Trader.

trader7757 — Fri, 06 Nov 2009 05:24:56 +0000

I have been involved in the securities business for my entire adult life, having been a trader at both the retail and institutional level. Trading stocks, or forex pairs is a wonderful way to stack up money, if you have the experience and knowledge to trade successfully.

Unfortunately, that learning curve can be a steep one, and expensive. With that in mind, I looked over a program to trade equities that is specifically designed for beginners. As you may know, most stock indexes are composites of a basket of equities trading on either the NYSE or the NASDAQ exchanges. These indexes are traded in a variety of methods ranging from Options to Futures Contracts, and usually originate on the Chicago Mercantile Exchange or the CBOT. The nice thing about stock indexes is there is great transparency in trading these issues. The markets are well regulated, liquid, and orderly.

Many novice traders purchase trading robots or exotic trading systems that may cost as much as $10,000 a year, and might gave limited success. I do not recommend purchasing bots or high priced systems to start. I also recommend that all traders “paper trade” on demo account until they are proficient in a single market. I do not recommend trying to trade multiple markets in the learning stage of trading, as each market has a distinct personality and demeanor. Learn to trade one market proficiently, then you might choose to move on to others. Several trade set-ups repeat themselves on a regular basis in the market. This can be attributed, theoretically, to a number of factors.

1. Technical traders trade in tight parameters and use similar indicators. Thus, support and resistance may become self-fulfilling trading patterns.

2. Some behavior economists believe the human response to a given set of trading stimulus is a constant, thus the repetitive set ups for profit.

3. Wave theorists believe the market moves in distinct and predictable patterns based upon the actual chart formations. Whatever the reason, if a novice could learn just one of these consistently profitable trade set-ups, he could be quite adept at trading the markets.

stock and futures trading trade revealed

German trader Karl Dittman has identified one of these patterns with great success and accuracy and has published his work and received a very receptive response, from experienced and inexperienced traders alike. His book, Stock Index Secret Trade would allow the greenest trader to be very profitable over a long period of time. The single trade he uses, is very easy to spot, often overlooked, and is consistent winner. Any novice would profit greatly using this simple but effective system

New Video: More on the Scalping Style of Daytrading

trader7757 — Wed, 04 Nov 2009 04:32:54 +0000

Day trading the ES emini using the short time period and small gains is called scalping, and it is the style of trading I use. I don’t long for long term trends, and I don’t hold trades overnight…

From INO: Has the S&P broken final support

trader7757 — Tue, 03 Nov 2009 17:45:53 +0000

In the last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.

In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.

Click link to watch video

Watch this FREE and informative video-Has the S & P 500 broken final support?

A Short Video Explanation of My ES Scalping Style

trader7757 — Thu, 29 Oct 2009 03:36:03 +0000

ES Emini Video of the chart below

trader7757 — Wed, 28 Oct 2009 00:14:27 +0000

This is a video version of the chart in the post below. I try to go into a little more detail in the decision making process that I use and clarify the rationale for some of the trade entries.

ES Emini Detailed Trading Chart

trader7757 — Tue, 27 Oct 2009 20:42:01 +0000

Chart courtesy of AMP Trading, get a free demo account and paper trade.

ES Emini ESZ9 detailed trading chart

The market did not display a huge range today but bounced around between about 15 points, staggering about like a drunken sailor. It made for some very nice trades and I was fooled on one trade badly, even though the setup was fairly decent. Needless to say it was a fun day to trade and I came on pretty well in the black.

Has the S&P Index Topped Out for the Year

trader7757 — Tue, 27 Oct 2009 20:04:52 +0000

There is compelling evidence that we may have seen a top in the S&P index. In this new short video, I show you the evidence that I have found which may point to the fact that we are going to see a correction in this index.

While the S&P index needs to put in more work to create a major top, there are early signs that this may be happening. I think when you watch this video you will come to the same conclusion as I did in regards to this market.

As always our videos are free to view and require no registration.

CLICK HERE FOR THIS INSIGHTFUL LOOK AT THE POTENTIAL DOWNSIDE IN THE S AND P