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We dog-tailed May Crude to start the hour, with fruitful results. Crude can usually be counted on to produce swings that occur within 20 cents of Hidden Pivot targets. However, in keeping with our increasing emphasis on trading with the trend, we focused mainly on camouflage setups that pared theoretical entry risk to a practical minimum. We looked at June Gold as well, and even found set-ups in the E-Mini S&P, a vehicle that has grown increasingly ornery because of its strong appeals to the algos.

Using the camouflage entry technique on the one-minute chart, we initiated a long position in the E-Mini S&Ps during this session after stalking it for a few minutes. The trade could have gone either way, long or short, but the first opportunity that met our criteria came off a buy signal. The trade worked beautifully and has been captured here digitally to remind you that even when trading a vehicle as diabolical as the E-Mini S&Ps, making money needn’t be stressful.

We pondered trivia for most of this session, poring over the very lesser charts of gold, the E-Mini S&Ps and some other popular trading vehicles. The payoff was a deeper understanding not only of certain technical-defined opportunities, but of psychological ones as well. The emphasis was second-guessing ourselves, and on initiating trades that were out of our accustomed comfort zone.

Looking for actual trades, we came up empty. However, the search yielded some analytical gems that you are going to find insightful. We didn’t do as much surfing on the sub-one minute charts as we have in recent sessions, but there was enough happening on the daily and hourly charts of such popular vehicles as the E-Mini S&Ps, Gold and Priceline to hold our attention.

Although this recorded hour is a wallow in the minutia of camouflage trading, the slog does have its value. We spent most of the session trying to force trades, a task best managed on the 3-second bar chart, using impulse legs so obscure that even the algos can’t find them. We second- and third-guessed ourselves dizzy at times, with varying success. If the mind-games that traders play fascinate you, check this one out!

This lesson contains some of the most detailed information on options that I’ve provided to date. The presentation simplifies some advanced concepts, including backspreading and frontspreading, explaining how the former is working for us in the position we currently hold in TLT. It also boils down the tactic we’ve used to acquire puts and calls effectively for free by legging into spreads. Finally, we stalk some potential trading opportunities on charts of less than one-minute degree.

I strongly encourage students to initiate trades during these classes, since, in the trading world, mere ‘chalk-talk’ will never cut it. I assume that you want to know exactly when your instructor would pull the trigger, and so it is my practice to ‘green-light’ actual trades when enticing opportunities arise in real time. Keep that in mind when you review this recording, since, acting on just such a signal, a student with quick reflexes shorted the E-Mini S&P futures for a fat, easy profit. Of further interest in this lesson is some tightly reasoned forecasting for the day that was based on the subtlest possible signs in charts of ‘camouflage’ degree.

We don’t typically look for trades in Gold futures during these weekly tutorial sessions, but there we were nonetheless, financial tourists on the 1-minute bar chart, staring opportunity in the face. The point of the exercise was that even in a slightly trending vehicle – one that subscribers care about perhaps a little too much to trade disinterestedly – there were interesting things to do. And so we did. Check out what was available on the three-second bar chart if you want to be convinced that a trader need never pass a day in boredom.

Skip the first eight minutes, which were marred by technical problems, and cut to the chase. Once again, we zoomed down to the very lesser charts in search of subtle trading opportunities in a few of our favorite vehicles, including gold and the E-Mini S&Ps. We also spent some time examining the option grid, since it has the potential to reward us with trades that are as close to riskless as conceivable.