S&P500 day trading workshop

Day Trading S&P 500 Chart

Hi Traders,we are moving to the double top of 2000 & 2008. Is why on this post, I will use S&P 500 Index, to show you what’s going on and talk about Market Movement.

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First Part: Will be about Market Movement with S&P500

Second Part: Is about Targets on ES 1440 charts for next week.

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First Part

Day Trading Monthly Movement of Market

Day trading Monthly Chart

Dark Green Trends Lines: This is to show you how confident Buyers was few month ago.

Lime Green Trends Lines : As you can see…after 1300 points, Sellers and Buyers are more careful. and we have more consolidation zone, and almost every time, we have important unsupported price.

RED Trend Line: Buyers may pass this trend line, but if they don’t close above, expect sellers get in and with a lot’s of commitment.

Dark Line: 1st one, is  a double top, that buyers need to pass, to make a Higher High level. If they achieve this, Next long term target will be ~1530.

Day Trading Weekly Movement of Market

Day Trading Weekly

On this chart, we can see Buyers getting in the market before we go to 50MA and touch are trend line. I don’t know if they was to exited about “fixing” Fiscal Cliff for 2 months or they party to much on New Year.  However…Buyers are better close above my “Red Line” if not, on weekly chart, we may go back to MA50 and MA 200.

Day Trading Daily Movement of Market

Day trading Daily Chart

On Daily chart, we can see that before buyers let sellers get in, and respect 50% Fibonacci retracement. This time, buyers get in the market way to fast. With not much volume (you will see on my next ES 1440 charts). They didn’t close above the double top, not even touch it, miss it by 2points.
We close on “Doji” candlestick. Buyers better get in market and show some STRONG commitment if not…they will regret  this last “RUSH“.

Conclusion for Market Movement on S&P 500 US Index:

What I can see, if we put all those 3 charts movement together.Buyers, are less confident now than few months ago. And start to lose discipline.Sellers are more likely waiting the perfect moment to get in and pay back for buyers lack of discipline.

 Second Part:

Day trading Chart of Targets for next week on ES E-mini Futures.

Day Trading ES 1440m Targets Chart

After week of consolidation, I don’t see any long term consolidation for next week, but won’t be surprise if we do get one. Is why if you take any trade next week, I will suggest to keep your targets close to your entry points … be always ready to get out if it doesn’t go your way any more.
This Week I’m Neutral ( because we have to many double top after this one, I will be more Short than Long.)

PS: VOLUME: As  you can see ES 1440(Daily), Buyers keep pushing Up, and “Rushing” with less volume than before.

Thank you and have a great week traders

PS: Day trading is not easy,we are in dangerous zone now, I don’t recommend to get in the market now, if your not well educated about Market&Trading.

Day trading course Montreal Day trading course psychology

Day trading course Montreal Day trading course

Day trading course Montreal S&P500 day trading course

Money Maker Edge is having a three day live seminar in Montreal, Quebec. There will be two days of intense training and one day of live trading with a professional trader. The emphasis of the day trading course is to get fundamental skills for Mastery, there is 13 weeks of follow up and a live trading room included so you don’t have to trade alone.
Have you noticed that most investors have ended up being a victim of the markets? If you have ever been interested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Montreal, Quebec where you will learn how to get back financial control of you r investments.
S&P 500 emini futures Training will be held with a small group of 10-20 traders.
The day trading course includes:

Day trading course Montreal S&P500 day trading course

• Precise Entry points
• Price and Direction
• Trade Strategy
• How to set daily targets.
• When to trade and when not to trade
• Trading plan
• How to let the trades come to you.
• Trading with targets and how to manage risk.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade
• Business strategy
• Trade rules
• Recording and quantifying results and keeping a trade journal
• Mastering your strategy
• The real working s of the market place and how to use these to your advantage.
• The difference between direction and hope.
• How to be responsible for your trading and level of choice in the market.
• Specific times to trade and not to trade.
• Responsible trading practices
• The real working s of the market place and how to use these to your advantage.
• The difference between direction and hope.
• How to enter the trade and minimize risk.

Day trading course in Montreal, Quebec information  call Joel 866-640-3737.

Montreal S&P500 day trading course September 11-13

S&P500 day trading course will be back in Montreal September 11-13. We really look forward to working with this new group of traders.

Montreal S&P500 day trading course

We will be covering these key areas:

Business strategy in a printable template, we cover this every quarter.
Trade rules – how to create a system based on your tendencies.
Recording and quantifying results and keeping a trade journal
Precise Entry points – no more guessing.
Price and Direction – what you see is what you get.
Trade Strategy – based on your individual performance.
How to set daily targets. so you know when to run with the money.
When to trade and when not to trade – keeps you from becoming a victim of the markets.
Trading plan – When you are effective in the market place.
How to let the trades come to you. Quit throwing away your money.
Trading with targets and how to manage risk.
How to get your income, wealth and freedom trading.
How to spot the highest probability trade
Mastering your strategy , how small changes can be the basis for long term consistent profits.
How to be responsible for your trading and level of choice in the market.
Specific times to trade and not to trade. These settings can change your profitability.
Responsible trading practices
The real workings of the market place and how to use these to your advantage.
The difference between direction and hope.
How to enter the trade and minimize risk.

Montreal S&P500 day trading course
An electronic traders text book on how to make money in the markets.

You will learn how to write a trading plan, a business plan, and know money management for your trades and account. With our process for money management and trade management you will get high probability trades with the least amount of risk for your account.

On day three you can bring your lap tops and Joel will individually coach you through out the trading session.

We will also discuss and implement trading plans to keep you trading and dodging the expensive lessons of over trading, revenge trading, holy grail seeking, criteria changing, and ignoring your trading plan.

For many an experienced trader that has joined us, it has been a profit altering experience that has a dramatic effect on their trading results.

There is limited space for this event so sign up early.