Lots of folks have been asking about the how to trade Forex and futures high volume node strategy. This is a video of a nice low risk (10 tick) trade this morning on the CL 2 minute chart. During the trade, the WaveTrader Auto Trader (WAT) also entered a long. Normally, I cancel this trade since I am already in a trade or have WAT on pause so this doesn’t happen – it can be difficult when you have too many open positions. This morning I did not have WAT on PAUSE and was not fast enough to cancel the pending WAT entry so no choice but to go with it. In the video, I highlight the entries and why I’m taking profit where I do. This is a great how to trade Forex and futures video that highlights the power of a manual strategy and an automated strategy. It also demonstrates the need to continue learning and to rely on your own trading moxy and not just a signal generator. I hope you enjoy it.
For those of you interested in learning the HVN strategy, please register as a user here so you can be notified of the upcoming webinar/class. It will be about 4 hours in length and divulge 3 or 4 solid strategies and include the indicators you need on NinjaTrader to make it happen. We will examine markets in detail.
This is definitely worth the watch! Here are what folks had to say:
“It was insightful watching your presentation today.“
“I am very interested in the application you showed in the Ninja webinar today .”
“Thank you for the NinjaTrader webinar and answering my questions. I became very interested in the product after watching several of your YouTube videos. “
“Great webinar, one of the best I have ever attended.”
Here is a video diary of today’s volume trades on the Cl 2 minute chart. Some nice volume moves that highlight short entries, long entries and trade management especially when shifts in volume nodes occur. This how to trade forex and futures strategy works nicely for any liquid instrument. If you would like to attend the upcoming 4 hour webinar / class that will explain this strategy in detail and include all the NinjaTrader indicators you need then please register as a user : VALUTRADER USER REGISTRATION
WaveTrader Auto Trader (WAT) was a little slow this morning with no trades hitting so I dusted off an old volume strategy that I traded for years. I missed the nice long right at the open (green arrow on chart) but took the short that set up later. These how to trade forex and futures trades truly do feature low risk and high reward. Both of these trades could easily have return 6:1 Reward:Risk. If you like what you see, register here and stay tuned for a 4 hour webinar to be announced in the next couple of weeks that will detail the ins and outs of this strategy. All the indicators you need to trade it are included and the best thing is this strategy works on any liquid instrument. There were equally nice trades today on the NQ and the YM. Now, this isn’t like WAT where the trades are handed to you. You will need to attend the class and commit yourself to learning a new strategy but by the end of the class you will be well informed and be armed with a strategy that has made many boat, car and house payments for me through the years. On to the chart:
Some folks want trading to be exciting – like a scene out of an action movie. For me, not so much. I want a system that takes a reliable entry and I want to be able to know exactly how many contracts I should be trading and I want to maximize reward and minimize risk – not so much to ask for, right? WAT’s (WaveTrader Auto Trader) how to trade Forex and futures engine accomplishes all those goals. It is not going to trade 100 times a day, so if that’s what you’re looking for you’ll have to get that system from the other guy, but it is going to make money. There may be a series of days with small to no profits that can really test your patience, but it is just waiting to pounce when the conditions are right. Speaking of which, today was such a day. Check out the pic and then check out WAT’s results for the year.
Here is the video to the webinar held on February 22, 2014. We went in deep on WAT settings and took a chart with a losing strategy and optimized the variables in WAT to achieve a winning strategy. Check it out! It’s worth the watch.
For WaveTrader and WaveTrader Auto Trader owners, you can now trade BUY and SELL ZONES with printed stops and targets as well as LOW VOLUME NODES. WaveTrader now recognizes when a valid trade presents itself at a zone or a node and will print an entry with position sized contracts, a stop, and multiple targets. Yesterday, there was an early buy zone trade and a later low volume node long trade. You can see them in the pic below. WaveTrader will also display the most active buy or sell zone as a shaded rectangle. When the zone is violated, WaveTrader will display the next valid zone above or below price. Expect the release of the latest how to trade forex and futures version of WaveTrader and WAT with these updates after this weekend’s webinar, which is scheduled as follows:
WaveTrader Webinar – Saturday February 22, 2014 at 12:30 EST.
An email will go out containing the log in link to all those subscribed to the blog.
These how to trade forex and futures results are for an account risking $1000 a trade. The chart reflects Monday – Friday, although, I am a proponent of not trading Monday or Friday at the current time. If you examine the data, you can see why I feel that way. On Monday you lost more than you won – so you gave away a lot of profit and Friday was a losing day altogether. Without the ability to analyze data sets over an extended period of time it is almost impossible to make effective decisions. This is where WAT comes in. Of course, it does no good if you run a series of market tests and then look no further than the black and red type. Find an anomaly, start asking yourself why it happened and what you can do to profit from it even if that simply means limiting losses or not trading for a day or two. Attend the WAT webinar for helpful tips on succeeding in trading. Everyone will take away 2 custom oscillators that dynamically determine over bought and over sold conditions and someone will receive a free copy of Trade Targeter – “Never risk more than you should on a trade again!”
WAT WEBINAR SCHEDULED FOR FEBRUARY 22, 2014 1:00 PM EST
Stay tuned for the how to day trade forex and futures WaveTrader webinar coming soon. Attend for lots of good reasons – one fortunate attendee will receive a free copy of the Trade Targeter software plus some other give aways – like our proprietary oscillators that dynamically respond to overbought and oversold conditions. Plus see what all the buzz is about. If you’re an owner – ask away – what are my settings, how to optimize, how to interpret the data, how to keep sane while trading – you name it we will find an answer!
All the best! and Good Trading!