for Febuary 7th 2012 for Emini daytrading S&P500 and Euro Forex, Disney, GE, Microsoft using our trading tool and daytrading software.
In this video we show real accounts, good and bad trades taken from January, with reasons for entries using our support and resistance trading tool and trade set-ups which give us a greater than 50/50 trading edge. Disney is up 24% after a 33 entry based on a cluster break set-up at our major 31 support level, and is now at our 40 resistance level. GE 15.9 entry is up 20%. Microsoft is up 17% after a 25.9 entry with a cross-recross set-up at our daytrading software major support level at 25.5, followed by a cluster break set-up from our support and resistance sandwich at 25.50-26.50 to our major resistance level at 30.50. These trades all demonstrate the importance of being patient in trades and using segregated accounts so you don’t risk all your capital on just emini daytrading. BAC is up 44%.
Current Key Support and Resistance Levels
For the ES emini S&P500, and the Euro Forex which you can use for both longer term plays and daytrading strategies:
Emini Daytrading – If we hold the 1338 level, then we have a resistance level at 1372. If the 1338 level does not hold, we have a potential retracement to the 1287-1295 support level.
For the Euro Forex, the key support and resistance levels are 30.77/31.00 and 34.80
Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.”
“Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.”
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Trade/Training Room Disclosure:
“This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.”