Webinar

With the goal of reaffirming how easy it can be to make $1000 a day using camouflage, we jumped on a shorting opportunity in Tesla.  The trade was unusual in that most of our camouflage trades have been done from the long side.  That’s because the technique itself was developed and honed during a four-year period in which stocks nearly always went up.  The trade worked out nicely and used an entry signal from the two-minute chart that met all our rules.  Check out this recording if you have doubts that you could do this stuff yourself.

Comex Gold and the E-Mini S&Ps had already made their moves, and try as we did to force a trade, the picking were just too slim. This held lessons for us nonetheless, and it also pushed us onto the 30-second chart, a hitherto unexploited Tradestation feature that promises new vistas of opportunity. Be sure to check out the final ten minutes of this session, since we found a trade in Google that paid off at terrific odds less than an hour later.

There are some fine nuances of camouflage in this lesson, including the use of the very subtlest of ‘external’ peaks to get us long in June Gold two days earlier. The trade had gotten stopped out earlier the same morning, providing a further opportunity to discuss in detail the technique of creating stop-losses based on impulse legs. The chief value of such stops is that they allow us to, if not ‘swing for the fences,’ then to weather adverse moves that would tend to eject traders using conventional stops placed just beneath prior lows. ____________________________________________________________________

We covered a lot of ground during this session, including some finely nuanced distinctions between internal and external peaks. Camouflage trading received the most emphasis, as is often the case these days, and although we were unable to detect any good entry signals in real time, we concluded the session with several trading ideas that had the potential to bear fruit before the day ended. ____________________________________________________________________

The E-Mini S&P’s bigger charts were in limbo when we dropped in on them on this morning looking for a ‘camouflage’ trade. We found it in the form of a minor short that was good for a fleeting ride. This was just little stuff – the sort of thing a trader could find even on a slow day. But as you’ll see, just one of these “little” trades per day would add up to $60,000 of extra income per year.

The markets were so slow on this particular morning that our goal was to force a trade come hell or high water. Neither condition obtained, just a lazy drift sideways in most stocks following a 90-second spurt hours before the NYSE opened. If you’ve ever sat at a trading monitor desperate for action, this lesson could help you make the most of boredom next time.

With few tradable opportunities to engage us, even on the lesser charts, we spent most of this hour scrutinizing daily and weekly charts to get a better idea of how certain geopolitical events might play out. You might find my conclusions about the U.S. Dollar and long-term Treasurys particularly interesting, so check ‘em out.

Gold was retracing a big rally from the previous day, but there were reasons to think the correction would wipe out the gains and then some. To see how we arrived at this conclusion, and for a closely reasoned look at how Hidden Pivots form the building blocks of “market instincts,” check out the section of this lesson devoted to gold’s short-term charts.

With the goal of initiating a bull trade in March Natural Gas, I’d highlighted the number 3.258 in a tout published that morning. Although the trade would have worked perfectly, no one in the chat room appears to have done it. Maybe they will the next time, though, once they’ve seen how paying close heed to small details can make or break a trader’s day/week/month. Check out the first ten minutes of this lesson to learn why the number ‘3.258’ promised profits with almost no risk.