Archive for February 2nd, 2010

His name is Adam Hewison. You might want to Google him to confirm what I am about to share with you about him.

There are plenty of people out there that come up with “exclusive email courses” with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about Adam Hewison with you before we even start.

Adam Hewison was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a large, multinational corporation in Geneva, Switzerland. He also have written books on forex trading and trend following. In 1995, He founded INO.com and later co-founded MarketClub. He has been in the trading biz for over three decades and has seen it all. He created this course as a way to give back and share trading tips and techniques that he still use in his trading today.

In his Free Mini Email Course, he will show and explain the tools and strategies you need to increase your success rate in the marketplace.

(1) The importance of psychology in price movement

(2) How to spot mega trends

(3) Understanding of technical price objectives

(4) How to picture price objectives

(5) How to trade with moving averages

(6) How to use point and figure trading techniques

(7) How to use the RSI indicator

(8) How to correctly use stochastics in your trading

(9) How to use the ADX indicator to capture trends

(10) How to capitalize on natural market cycles.

Plus, you will you will learn all about fibonacci retracements, MACD, Bollinger Bands and much more.

If you want to enter the world of trading, there is no better place to start than the free services offered by MarketClub.

This FREE trading course is one of the most valuable courses available online.

Do not sell yourself short, or worse do not spend hundreds and thousands of dollars on something that you have know basis for understanding.

This is Free!

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Mark McRae was asked by trader David Jenyns what the things are that he likes to see to make him want to get into the perfect trade.

David: I’m interested to know what are some buy triggers that you look for, I mean obviously there are hundreds of different ways to get into a trade and achieve your trading goals. What are some of the things that you like to see for you to want to get into a trade?

Mark: Well, you know, I’m much more comfortable in longer time periods, and one of my students, a chap I’ve been talking to lately, is a very good trader, but he trades five-minute — he trades very small time frames and he’s burning out. I think it’s very hard to trade a live account on a small time frame for more than six months. Maybe even three months without a break. But at some stage, you go crazy.

It wasn’t until later on that I became successful in the smaller time frames, but I sort of went from five minutes to thirty minutes, to an hour, to four hours, and I became very comfortable at four hours, and then recently over the last year or two, I’ve become very comfortable with daily charts. And I think also because now I’m more comfortable with much larger stocks. But what gets me into a trade? And also that evolution is I don’t rely so much on indicators anymore.

There’s a lot more in price action. So, if, for example, there is a two-bar reversal or a reversal of a particular formation of bars, a particular juncture in that trend, then that gets me into a trade. I keep a record of every time a particular formation – how successful it was, and also I’m very choosy. I mean, one of the other problems I see with new traders is they feel a compulsion to trade every day, and the market just doesn’t always give you a trade. There might be something happening, the market’s dead, there’s no volume in the market. There is often a reason you can’t trade. It’s more important that you wait for the perfect trade.

So, I’m over the compulsion now of my trading system. If I only trade once a week, or once a month, or however often, but that one trade is perfect. One of the things I found that helped me and I think would help everybody who trades, is when you see that perfect trade or you have that perfect trade, print it out.

I used to have a library of trades, so whenever I was taking a particular formation, lets say it was a double bottom for example, a breakout of a double bottom, or a re-test would be better as a much higher probability of a trade, I would flip through ten or fifteen previous ones I’ve printed out just to remind myself what that should look at.

At the hard right edge, it doesn’t look like it does a week later. Because you can’t always see it so and that’s saved me many times because I’d say okay, that doesn’t look quite good, and so number one, it has to have a particular formation, it has to lineup just the right way, just the right time, and it must look a certain way for a high probability and that gets me into the perfect trade.

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