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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 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.
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.
Our room moderator targets trade set
ups such as those shown on the charts
above. We broadcast live Kwik*POP charts
like this in the chat room. 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
calls out a buy or sell ... price range
... to initiate the 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. Our room moderator is your trading
coach, your security blanket and your
teacher. After a 4-6 week period of
listening to the moderator, studying the
chart set ups and practicing the trade
management guidelines on live trades
you'll be able to target trades on your
own.
A Community of Traders
We have a very interesting mix of people in our chat room. Newbies,
seasoned traders and everything in
between. Many members share their ideas
and comments in the room and you can
private message others in the room to
make interesting contacts with people
focused on the same thing as you ...
TRADING FOR A LIVING. Every
day is a new challenge, a new
opportunity and a new learning
experience.
REVIEW SOME OF OUR
NEWSLETTERS
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About Us