MY TRADES

 Interactive Audio-Video Chat Room

RELAY1: MY TRADES ROOM in the HOTCOMM community

Contact us at
mytradesrm@yahoo.com

 
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A Traders Community
Review some of our newsletters containing video's, pdf documents and chart examples of trading set ups.

Our mission statement will give you a good snapshot of the purpose and structure of our chat room.

 


 

About Us

MY TRADES ROOM was formed to meet the demand of those individuals seeking guidance and training in a real time trading environment. Our audio-video chat room environment allows members to interact with the room moderators as trading opportunities (TRADE ALERTS) are called out every day.

An Interactive Educational Experience
  

There is a big difference between 'textbook reality' and practical reality. Over half of everything you learned in college is totally useless in the real business world.

That gap is even wider in the trading arena.

 Textbooks and trading manuals always use historical, static charts to demonstrate a concept or technique, yet most times the market takes a completely different path, opposite of what was suggested by the textbooks. The result is obvious, you make mistakes, lose money and become very frustrated.

Our chat room moderators are there to help you target viable trade set ups and eliminate the foolish emotional mistakes that cost you money. They are your own personal coaches describing what to look for on price patterns, where to enter a trade and place your trailing stop loss orders and more importantly ... how to manage the trade.

Everything is in real time with live charts broadcast right on your screen. Trading targets and profit objectives are adjusted as the market environment changes. This live, interactive trading environment gets you focused on the significant price patterns and momentum reversals. You can't learn how to do  that from a textbook. You must understand the ebb and flow of LIVE MARKETS in order to learn how to trade like the pro's. We are there everyday during trading hours defining market conditions, trade set ups and describing the elements you must focus on as a trader.

Our Moderators and the LIVE charts shown in the room everyday.

Reactive Trading Strategies

Price is the driver and all chart indicators and momentum oscillators are derived from price action. Real price action can be observed by studying the trading dome, observing the changes between the Bid and Ask. Also, close observation of Time and Sales activity is needed in order to reveal the true nature of price action as many false (fake-out) bids and offers are placed by larger traders in an attempt to manipulate the market up or down and trap the smaller traders. Many of these ‘fake-out’ bids or offers are pulled before a trade is actually executed at their price.

REAL TRADES Price indicators and oscillators are based upon 'real' trades, not phantom bid/ask games. The indicators tell you how strong the move is up or down rather than predicting whether the market will move up or down. That is a subtle, but significant revelation you need to understand. Indicator based trades are reactive, not predictive. You are reacting to changes in the market and the indicators tell you how strong the change is and whether a response is warranted. Study the circles on the chart above for a moment.

The color of the candlesticks and the color of the indicators told you when the buyers were kicking in or backing off. The indicators confirmed a spike in demand or an increase in supply. From a trading perspective you BUY when you see a noticeable surge in demand and SHORT SELL when there is a sharp increase in supply.

RED bars tell you supply is increasing and there are more sellers than buyers. YOU SHORT SELL at those times, when the trend is down.

Whenever DEMAND is greater than SUPPLY, we have more BUYERS than SELLERS in the market and the price bars turn BLUE. In an up trend we BUY when the bars turn BLUE.

The charts above are Kwik*POP charts of ES futures. We offer free training on how to use these charts to target trading opportunities. We offer a free chat room with training on how to read trade set ups on Monday, Tuesday and Wednesday, every week from 11:30 A.M. to 12:45 P.M. Eastern Time (U.S).

We broadcast these charts in our MY TRADES CHAT ROOM every day for our subscribers. Our room moderator targets trade set ups such as those shown on the charts above.  Our Moderator explains the set up and logic of the trades in terms of trend and momentum strength. This gives you time to prepare for the trade. Then, as the momentum indicators align, our moderator triggers a SONAR ALERT.

A box on your computer pops up with an arrow up or down and an audio alert goes off on your computer. That's when you get ready to hit the button as soon as the moderator says go!

At that point Harry, our room moderator calls out a buy or sell ... price range ... to initiate the trade.

We call these SONAR TRADE ALERTS. That means a trading opportunity is present. You do what you want with that information, our job is to call out the TRADE ALERT.The sonar box makes certain you are aware of the trade set up and which direction to trade.

 

'WHEN TO HOLD and WHEN TO FOLD' The first part of a trade is targeting the entry. The second part of the trade is knowing when to take profits on a winning trade, or, when to bail out of a losing trade. Our room moderator defines a specific trade management strategy designed to maximize the gain on winning trades and minimize the loss on losing trades. Trading is a two step process.

STEP 1 is targeting patterns that offer the highest probability of success. STEP 2 is knowing when to take profits, or when to take the smallest loss possible when a trade backfires due to some extraneous news event that hits the market. Our room moderator guides you through steps 1 and 2 on every trade set up.

On the chart above there were two higher low buy signals. Each trade produced a nice gain. Our room moderator targets the set ups and entry points on those type of trades and calls out a TRADE ALERT.

Our room moderator is your trading coach, your security blanket and your teacher.

 

 

 

 

For more information on KPSONAR click the image below


A Community of Traders
   We have a very interesting mix of people in our chat room. Newbies, seasoned traders and everything in between. The entire focus of the chat room is to get you to a point where you are ... TRADING FOR A LIVING. Every day is a new challenge, a new opportunity and a new learning experience.

REVIEW SOME OF OUR NEWSLETTERS

OUR MISSION STATEMENT
 

Copyright [2007] [GFTS L.L.C.]. All rights reserved

 
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