ProTrader Ed Jaguar Trading Club: Learn to Chart Speak

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Wednesday, January 4, 2012

Learn to Chart Speak

Maintaining a dialogue with your charts price development can add another dimension to your trading. This dialogue will enable you to interact at a time of your own choosing, and go a long way towards defining the price events and commitment points in a clear and concise manner. Further visual descriptions of dynamic support and resistance will also aid in defining the clearest points of interest so that your interactions will have more positive outcomes.

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PRICE ACTION TRADING USING RANGE BARS

JAGUAR TRADERS SEMINAR

What does it mean to learn another traders methods?

Jaguar Traders Club -
Learn trade money management, price action trade setups, how to use the JAT system with a flexible ATM, how to recognize chop early and how to deal with it and lots more by watching me trade live market every day. You see my entries, targets, stops and how I manage the trades. Learn to use strict money management principles and learn to trade my strategies and method for range bar charts. Clean, clear, and precise trade strategies for any market condition. No hype, no theory, just real trading to make money.

Log in to the Jaguar Trading Club Members Blog where the ATM and related TM/MM strategies are discussed, as well as topics dealing with getting the most out of the training.

RangeBarWebinar and JAT videos

BEST TRADE JOURNAL EVER - Use this link to get the recommended trade journal. This is a very important tool for your trading progress.

More Testamonials at bottom of page :
Joining the JTC was the single best investment I’ve ever made. After 7 years of going at it alone, I decided to get help. With only two months in the club, the REAL reasons for my trading losses became as clear as day. I’ve been able to formulate a plan to deal with the true weaknesses in my plan.
-JS 8/2011

Ed, I am quite simply amazed at the transformation of my trading performance since engaging you as coach. I now consistently reach or exceed my daily goals and seem to pick up most of the “runners” and avoid “chop”. I’m not concerned with results anymore, relaxed that they’ll be there at the end of each week if not each day; I’m concerned simply with executing each set-up as perfectly as I can. Instead of looking for the set-ups amongst a complex collection of indicators, you have taught me how to read price action. I now see the set-ups emerging well before indicators confirm them and have more time considering what price action is doing that might get in the way of the statistical probability of the set-up playing out. Thanks for putting me in my place when needed, pushing me when I needed pushing and above all, for imparting the tools and knowledge necessary for me to overcome the many trials and pitfalls on the path to survival as a trader. MAC 10/2009

Ed: Just a note to say thanks for your trading room. I enjoy watching you and Chuck trade, and its a great help to see how consistent the two of you are - your method really helps a new trader learn the essentials. I also appreciate your style of moderating - you have a great ability to explain the trade as it sets up, and the trade management after it fires, and I especially like the discipline that the acid test taught me - that was the best thing I've done in my training. Thanks, Dave - Phoenix - 10/2009

Ed- Obviously I have been arrived after I come from a long trip in search of the trading style that works and fits to me. In only three weeks I have learnt more from you than during months with other opportunities and mentoring sessions. Though I have not reached the point of the mountain yet, but due to your help I'm sure I can achieve it. Many thanks for your patience to tell me over and over again the basics and to release me from bad mistakes. With warmest regards from Germany Jens - 10/2009

Hi Ed: I want to say thank you for the unbelievably large amount of time and patience you dedicate to teaching the art of trading. I am beginning to hear your words before you actually speak. The charts tell me what you are about to say. Warmest regards from NYC, joe s 6/2009

Hi Ed, It would be easy to send you a email and say how awesome the room is after one of your monster days. But actually it is days like today which you have so infrequently that seperate the want-a be's and the true achievers of trading. Most people including myself should learn a great deal about preservation when you may be a slight bit off your game. You live to trade another day with minimal damage!! Your sincere effort to keep us in the green comes through even at the cost of your own account. I know running a true honest trade room is difficult. Your an awsome trader and I enjoy being in the room and getting great value of my time. Your Friend, Scott 5/2009

Ed, I have spent a "small fortune" trying this system and that system. I have come to realize that there is much more to trading than just purchasing the system. Without ongoing mentorship there really is no point because it all takes time. You seem to have something different than most systems. Others systems just sell you their method and you are left to your own devices. What I preceive to be different with yourself is that you not only talk through the method but you are there day in and day out to guide through the maze that is the market. You are actually taking the trades for us to follow. thank you for your help. Tony, 4/2009

Risk Disclosure and Performance Disclaimer Statement

Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. All trades shown on this web site are hypothetical, they were not executed. There are just shown for illustration and training purposes only. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.

Testimonials

Hi Ed,
Just wanted to let you know I appreciate having been in your room for the past months and learning a lot from you that I didn’t know about with regard to futures trading. As you may remember I have been trading futures since the late ‘80s and you know as well as I that you never stop learning. You teaching method is excellent and you have the patience of a god.
MarcB 6/2010

Ed,
Just wished to say thank you again. It is a really weird feeling. I have had 4 out 5 winning days for the last 3 weeks. Used to spend hours reading this and that trying to find the holy grail. I would read into wee hours of the morning almost every night. Recently I find myself with nothing to do, learning wise. Yes there is review of my trades to see which ones executed well and which one i could have done better on.
But the mindless search for something that works seems to have ended. I kind of have my life back..... You see, I have been totally absorbed in trading, reading and learning for a few years now. Your methods seems to have grounded me and it feels good. Yesterday I was done in less than 1 hour and had the rest of the day
to do some painting around the house ( my wife was happy about that). It just feels odd this nothing to do business. I hope to be like that surgeon you speak of.
Get in. Get Done and Get Out. It has been getting easier to do that as each week goes on. I am truly grateful. Thank you.
Tony
PS I saw something very special in your method over a year ago. Should have signed up with you sooner. I would have been much further along if i had.

Hi Ed,
Your training session yesterday was great and really helped me trade today with greater ease. You have a easy learning teaching style where you actually speak what you are thinking as you go. This really helps me put my thinking along with yours and how you trade. It is invaluable to me and I am sure to the rest of the group. These weekly training sessions are a great idea and will continue to help me cement my trading style. Thank you so much.
Jim
1/2010

Hi Ed,
glad you have the mentor program, best money I've spent. Thanks for the great education.
Dan 10/2009

Hi Ed,
Just wanted to let you know how things are going. First off I am really pleased with my involvement in the Blue Room. I must admit that i had kept trying to trade the t3's for 2 yrs. and was able to become profitable but not to the level or confidence needed to increase lot size.Statistically i was profitable 58% of the trading days( 48.9% overall). For me it all comes down to can you comfortably see and take the signals.I think there are still a high percentage of people that were owners that never got past the level that i got to. I think the software must meet your eye and allow that connection to your brain flow with some bit of ease and confidence. One thing i saw with BWT is that generally the enteries or entery bar should be nearly consistent with most traders taking the same setups. I also found that i was a much, much more patient trader with trading in the BWT room. T3's i took a greater number of trades which just were not ready to go or were not the right price level.That being said the difficulty that i had was to commit to take the software that i paid 12.5K for and move on.It had become an addiction to make it work and by not having it provide the phenomenal claimed results was saying something about my abilities. I can honestly say the breaking point came 2 weeks ago. I was noticing that when in the room that i was unquestionably taking the BWT signals as i understand them without any T3 influence.My trade win rate was 74.7% even it this shitty market. Heck the last 2 days i made 1162.50 on 7 trades 85.71 % win rate trading a 2 lot .Now i know trading is not a game of days or even weeks but is measured in a much greater time period.But also i really think the game is to get to trading larger lot sizes and make your goal and get the f#$* away from the screen.I cant imagine how running that room must have been, because i am sure there were times you were trading that you just wanted nothing to do with the market, and let alone dealing with certain outside people. Well anyway i purchased the BWT's on Monday however i am waiting for Randy to send me the indicator package ( left him a massage Today) to contact me so i can install. In many ways i am glad i took the time to really watch this program over several months perform instead of rushing in and buying them. As soon as i am setup i will make a donation and join you. i may utilize your sevice to help customize my charts and tap into some advanced applications. Do you still connect with Kip, Brad, and some of the others. Those guys were very insightful and helpful also. Well again thanks for your help as always, you truly are the real deal. Warmest Regards, Scott

Ed,
Watching your discipline has greatly improved my results. I now take profits more quickly and rarely get the full stop. I am also much pickier about my entries. It has been a long road to get to this point. Thank you for your patience and sharing your pathway to trading profitably.
Warmest regards,
Joseph S

Ed,
Thanks for your reply. I do not yet have the BWT indicators, but after doing a fairly good amount of my own due diligence and research, I am coming to the conclusion that I need to take the next step and do the 2 week trial. Overwhelmingly, the consensus is that BWT works and is worth the time and money.
Also, I really appreciate your blog and the time that you have taken to post your results. Retail traders such as myself are not used to seeing that kind of transparency from system vendors. You post the good, bad, and the ugly....though its mostly all good.
Sincerely,
Sean

Hi Ed,
I truly appreciate your patience during the day in your trading room. Watching you trade has opened my eyes. I have so much respect for you. I am not sure how you manage to start off each morning at zero and with 20 some odd people looking over you shoulder manage to put up an incredible record of winning ES points just about every day.
Thanks for sharing your work with me Ed. I really appreciate it, and after my first week I am beginning to understand it.
Warmest regards from NYC, joseph

Ed:
Thank you for allowing me to be a member. I sure enjoy your narrative in the room. I am listening and learning – not trading. You are the best trader I’ve ever seen – I hope some day I can trade half as well as you.
I am switching from Kwik Pop and Trade Station Charts with Infinity execution to Ninja and MIrus after the end of this month. Then I will start journaling my activity for a month or so and also get ready to take the acid test. As soon as I do I’ll report back in to you.
Again, thanks for letting me in the room. I sincerely am grateful for the opportunity to listen to you and watch your trades.
Appreciatively,
david 2009

Hello Ed,
Thanks for updating your blog daily. It keeps me motivated and I can also learn a little from seeing your trades.... Still working on the acid test.. it's going Ok..My winning percent is above 70% but I need to keep the losses smaller... I noticed you took a full 2.5 point loss today. Very strange for you to do that. LOL.. but that didn't stop you from being finished by 9:30 am...:)
David 2009

Ed:
I started my trial on Wed-----made over $600 but traded all day long (which i do not want to do); Thur made $230and then today made $213. All trades were 1 contract. Those are phenominal results for me as usually i would make some and lose more. More importantly than the profits are the fact that i am able to see what you are talking about; i appreciate your conservatism and your "laid back" style.
MJ 2009

Ed,
I appreciate your straightforwardness and it is why I really like you and your style (one of many reasons). You’ve identified my weak points and are helping me be a better, disciplined trader. I will continue working on the physiological thing I have for a monetary goal and re-focus it to a point goal, knowing that in time I can grow contracts, and with consistency, I can make plenty of money. FESX+ 3.75 on ES+ 11.50
Mike - Dallas, TX Jan 2009

ED,
Just want to say that i really enjoyed the trial this week in the chatroom and look to continue participation with a paid membership after Jan 1. You really brought back some great trading thoughts that i had gotten away from. We all love the moats but real meat and potatoes of trading is the disipline to take those the +1, scratch trade( eating the elephant trade). The BW indicators are really awsome and get you to profit trarget one with a high success rate.I can see putting the nexgen stuff to rest. Have a very happy holiday to your entire family!
Warm Regards, Scott C. Dec 2008

The Trading Secret

The value of one point in the Emini SP is fifty dollars per contract. There are 20 trading days in a month. In this example I will begin by trading 2 contracts with a goal of clearing one point per day. We start with the minimum margin for two SP Emini contracts, and we increase 1 contract every two weeks for 3 months and then 1 contract per week there after. The idea here is to give a realistic scenario of how one might actually do this. If the trader can consistently earn one point, then his skill and confidence will increase over time. It is not unrealistic in the author's view to be trading 5 contracts after 12 weeks and increase 1 per week from there. Keep in mind that your time starts after you have demonstrated a high degree of proficiency trading as outlined in our mentor program.

Week Contracts Traded Account Balance 1 Net Points Per Day, 5 Days Per Week Account Balance End of Each Week
Week #C Acct Bal Gain End Bal
1 2 $4,000 $500 $4,500
2 2 $4,500 $500 $5,000
3 2 $5,500 $500 $5,500
4 2 $5,500 $500 $6,000
5 3 $6,000 $750 $6,750
6 3 $6,750 $750 $7,500
7 3 $7,500 $750 $8,250
8 4 $8,250 $1,000 $9,250
9 4 $9,250 $1,000 $10,250
10 5 $10,250 $1,250 $11,500
26 12 $44,250 $3,250 $47,500
52 38 $204,000 $9,500 $213,500

As you can see earning only one point per day starting with two contracts as outlined above, your trading account grows $47,500 in six months, and $213,500 in one year. Remember that we are talking about one point per day, not swinging for the fences, picking tops or bottoms. The Emini SP market moves 1 point literally all the time. Too often, we as traders believe we have to "let the market" take us out of the trade, or make as many points as possible, or go for the home run trade, perhaps all we need to do is focus on a discipline and a method and lower our expectations, and increase our proficiency(consistency).

ProTrader Ed Jaguar Trading Club

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Wednesday, January 4, 2012

Learn to Chart Speak

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Slideshow

analytics

Ed's Trade Charts