Seven Summits Trader – Forex, Futures, Stocks & Options TRADING SYSTEM

Markets are super slow right now in front of the May Day Holiday which many major countries (and a lot of minor ones) get to celebrate tomorrow on May 1st.  Let’s face it.  If we were lucky enough to have a Tuesday holiday tomorrow, would you really want to ‘show up’ today?  Or does a nice, well deserved 4 day weekend sound a bit more appealing?  And then, we can only imagine how the remainder of the week will fare, considering that Non-Farm Payroll, the biggest economic release of the month is scheduled for this Friday.

All that being said, while fighting to stay alert today on what proved to be a deader than dead forex session, our futures trading did excellent.  The Russell ended with poq and a modest winning session.  It continues to fight and scratch its way back to record profit levels.  It’s not quite there yet, but it’s getting there and I suspect before too long, we’ll be reaching to new profit levels, past the +1000 point level again and before too long, we’ll be looking to hit +1100 and beyond.  And now with our new 625 Tick Plan, our tools are even sharper.

Crude Oil was the star today, though.  It doesn’t get much easier than what we saw today.  Easy, typically methodical trading got us + .49 in profits.  And for those of you who don’t know about Crude Futures, that’s a nifty $490 in trade profits with our typical SST strategy of two positions.  Two trades — two winners, Done for the Session!  All in about 40 minutes or so.  Some traders decided to put a little bit of their winnings on the line and braved the add-on trade, which actually triggered in, while the reversal trailer was still in effect.  The Risk:Reward was excellent on the trade, having waited for the news release to settle down, before getting in sync.  That trade ended up losing -.12 per position. 

Those that didn’t take the addon enjoyed a +.49 profit.  Those that took the addon, ended up with +.25 which is $250.  No guts no glory!  Still, not a bad result for less than an hour’s worth of work on what otherwise could be described as a dull market, and that’s being nice.

See Today’s Crude Trades; Notice how the self-tuning nature of the SST gave us very accurate targets first putting us in a perfect short trade and then, after getting oversold, flipped us around to a perfect long reversal trade.  We go to the middle target with Crude futures as you can see.  Also notice how the SST Pro independently managed the stops on the long reversal (pink) trade while also giving us the optional addon (cyan) trade.  You can see how it moved the stop on the pink trade to cut risk and ultimately lock in profit while allowing the cyan trade the room it needed to develop.  It wound up losing but in the end, it only gave up 12 ticks per position.  That is classic SST.  Cut risk, get to risk free when it is appropriate, and exit at the high percentage fixed target while letting the 2nd half of your position run for a bigger profit potential.

I want to show you the exact same trades, but on a different day.  This happened last month.  This was almost a carbon copy of today’s trade setups but with a slightly better outcome.  In fact, there was even a small loss in the middle.  But notice the Red Short Trade that lasted only a few minutes.  It tried to reenter short but quickly turned around and reversed to long with the pink reversal trade.  Then the addon trade, just like we saw today, also triggered long.  The stops were managed independently.  Results were a bit different than today though.  Check out the pics below.

Crude Oil Trade of the Year Setup Pic (1); Notice how similar the setup looks

Crude Oil Trade of the Year End Result Pic (2); We took this trade live in the Traderoom.  You never know what is going to happen on any given trade.  We do know that the SST gives us great setups and puts us in the position to catch these monstors, whenever they do occur though.  This trade came out of a very slow market as well, but then exploded into what could wind up being THE Crude Oil Futures Trade of the Year.

I realize I haven’t posted anything new in a while.  I recently returned from my European trip.  The Technical Analysis Expo was a lot of fun.  I had the pleasure of meeting a lot of new people and gained some great new trade ideas as well.  There was a lot of new interest in the SST.  After that, the Live Training in London, a little bit of fun (apparently it was the most beautiful weather all year when I was there), and then back to the States.

Since being back, while I’ve been quiet on this blog, I have not been idle.  In fact, I have been working hard an some new SST Pro Tradeplans, one of which I just releases recently, The Russell 625 Tick Daytrade Plan.

We’ve been trading the Russell the same way for so long that I have typically have focused on other markets.  Market conditions have definitely changed though.  Surely you must have noticed the dramatic contraction in range.  Not only in the Russell of course, but pretty much on ALL markets. 

You might think that when range contracts, moving to a smaller timeframe might make more sense.  Smaller targets.  Smaller risk profiles.  Actually though, I believe the opposite is true.  I think slowing down the timeframe offers its own unique virtues, which is why I focused on a slower Russell tradeplan.   Slower timeframes can often help filter out market noise.  You get less setups but it’s a matter of quality vs. quantity.  The important thing is to adapt to the changing market conditions.

It’s likely that we’re out of the doldrums for the Russell.  March was one of the toughest months ever.   Since getting out of it though, our original 377 plan is up over 30 points and is getting closer to new annual highs.  Today we had two trades, both full winners for + 7 points with the 377.

Still though, for those with more patience, I still believe the slower timeframe will ultimately yield better results.  For example, today the Russell 625 tick had 3 trades, ALL winners.  Net result was +18.3 points!  That’s $1,830!!  The TF 377 only grabbed + 11.3 points all week!

Remember, the SST, SST Pro, SSTX, SST Whatever, is a TOOL SET combined with a Philosophy that puts the odds in our favor, when traded and used as intended.  We’ll hit a bump in the road once in a while, but ALL trade methods will get bounced around from time to time.  As we have seen all along, the SST continues to put us on the right side of the big moves and aggressively cuts risk, puts us in risk free positions as often as it can, while keeping the odds working for us, on every trade.  It ultimately gets back on top, recovering quickly from tough trades, tough sessions, tough weeks.. Even tough months like we saw this past March. 

See Today’s TF 625 Trades

See Today’s TF 377 Trades

Today we broke out to new all time equity highs during the US Session with our tried and true EURUSD 5 Minute Chart Tradeplan as published on the SST Owner’s Club website.  Up until now, the SST has only been available to paying members. 

I’m going to be giving a couple free presentations at the Technical Analysis Expo this month in Paris; March 23rd and 24th.  While there, I will be unveiling a new product we are releasing, the SST Focused.  This is a chance to test drive the SST for zero risk, and no money out of your pocket.

The SST Focused is a super streamlined version of the SST that has been hardwired with one of our best tradeplans.  You will be able to install it on your Tradestation or MT4 chart and give it a test drive for a month or so.  Maybe even a bit longer.  I’ll be giving out the links at the Paris presentation, for those interested.  Let this be an excuse to finally take that Springtime trip to Paris, write it off on your taxes and get a free copy of the SST Focused EURUSD 5 Minute Chart Tradeplan with the SST hardwired right into the plan.  Just follow the dots. 

As I said, the EURUSD broke out to new all time record profit levels for us today, picking up a rather large winner.  At the time of this post, the trade was still going.  It already has over +80 pips of profit locked in.  Not bad for a single daytrade. 

Here’s a short video that covers today’s SST EURUSD 5 Minute Chart trading on an MT4 chart.  It did the same thing in Tradestation, by the way.  SST Focused Owners would have seen the exact same trade and would have been able to trade it in the exact same way. 

Stay tuned for more details as the SST Focused roles out.  We’re going to release a new tradeplan with the SST Calc hardwired to perform for that specific plan, every now and then.  I’ll be releasing another very powerful SST Focused demo in Paris too.   Hope to see you there!

Play Video

I just posted a very exciting new tradeplan for Crude Oil Futures on the SST Private Member’s Club Site.  We’ve already got a great Crude Oil Tradeplan that we’ve been trading for a long time in the live traderoom.  In fact, it works so well, we just hit all new profit levels again with it just this past Friday.  We actually have other CL plans that are also very effective with the SST Xpress.

This new tradeplan, designed specificially for SST Pro users, just might take the cake though.  It has been performing unbelievably well, winning an astounding 186 trades out of 216!!  Wait!!  Read that again. 

It has only had 24 losing trades all year, and 6 breakevens.  Both longs and shorts are winning over 80%.  In fact, the overall winning percentage this year is 86.11%!  It’s gained $14.73 in just 2 1/3 months.  That’s $14,730 with a 3 position approach. 

I wouldn’t even bother with posting a new CL plan since our ongoing plan has been consistent for us for well over a year and a half.  But this one is too good to ignore.  In fact, I’m thinking of adding it to our Live Traderoom.

One of the best parts about this plan is that all of the great results it has been getting is from just 30 minutes per day of trading.  This is a 30 minute per day tradeplan!  What do I mean by great results?  Check out the equity curve and the Tradestation Performance Report.  SST Pro owners have the option to get the powerful Tradestation Automation Module.  Here are the results,year to date. 

CL v3 Equity Curve

CLv3 Performance Report

You can come join us in the Live Traderoom for a free look.  Make sure you get on the waiting list for the next SST Pro Release, as well.

I will be giving two live presentations in Paris at the Technical Analysis Expo, later this month, March 23rd and 24th.  Springtime in Paris is worth the trip for no other reason, but how about a fun travel to Paris to check out the TA Expo as well for a tax write off?  That’s my idea of the perfect trip.  Hope to see some of you there.

I’m holding a Live Training SST Bootcamp in London the following week, as well, March 29th.  This is for SST Members only, and while the SST has just been taken off the market, I heard rumor that there still might be a few copies left, which come with the Bootcamp bundled with the deal.  In other words, at no extra charge.  If you are interested, shoot me an email at tjnoon@NetPicks.com.

I just posted a very exciting new tradeplan for Crude Oil Futures on the SST Private Member’s Club Site.  We’ve already got a great Crude Oil Tradeplan that we’ve been trading for a long time in the live traderoom.  In fact, it works so well, we just hit all new profit levels again with it just this past Friday.  We actually have other CL plans that are also very effective with the SST Xpress.

This new tradeplan, designed specificially for SST Pro users, just might take the cake though.  It has been performing unbelievably well, winning an astounding 186 trades out of 216!!  Wait!!  Read that again. 

It has only had 24 losing trades all year, and 6 breakevens.  Both longs and shorts are winning over 80%.  In fact, the overall winning percentage this year is 86.11%!  It’s gained $14.73 in just 2 1/3 months.  That’s $14,730 with a 3 position approach. 

I wouldn’t even bother with posting a new CL plan since our ongoing plan has been consistent for us for well over a year and a half.  But this one is too good to ignore.  In fact, I’m thinking of adding it to our Live Traderoom.

One of the best parts about this plan is that all of the great results it has been getting is from just 30 minutes per day of trading.  This is a 30 minute per day tradeplan!  What do I mean by great results?  Check out the equity curve and the Tradestation Performance Report.  SST Pro owners have the option to get the powerful Tradestation Automation Module.  Here are the results,year to date. 

CL v3 Equity Curve

CLv3 Performance Report

You can come join us in the Live Traderoom for a free look.  Make sure you get on the waiting list for the next SST Pro Release, as well.

I will be giving two live presentations in Paris at the Technical Analysis Expo, later this month, March 23rd and 24th.  Springtime in Paris is worth the trip for no other reason, but how about a fun travel to Paris to check out the TA Expo as well for a tax write off?  That’s my idea of the perfect trip.  Hope to see some of you there.

I’m holding a Live Training SST Bootcamp in London the following week, as well, March 29th.  This is for SST Members only, and while the SST has just been taken off the market, I heard rumor that there still might be a few copies left, which come with the Bootcamp bundled with the deal.  In other words, at no extra charge.  If you are interested, shoot me an email at tjnoon@NetPicks.com.

Futures were nothing short of spectacular today with the SST in our Live Traderoom.  The Russell began its new June contract with a bang!  As it wound down its March contract this week, in front of the big Non Farm Payroll and imminent contract rollover, it certainly struggled and we went one step back, Tuesday and Wednesday.  But yesterday and today and began could be the beginnings of a new two steps forward. 

We’ve seen this action in the Russell over the past few years.  Hopefully history will repeat itself and the June contract will be as spectacular as last year’s and 2010′s.  Today we certainly a great start.  The Russell struggled to hit full target on its first two trades, stopping out with partial profits.  The 3rd was the chart though.  It not only hit full target but the trailer delivered another 7 plus points for a +9.7 point trade.  We ended the session up, +12.1.  The best sessions follow the worst and while we still ended down -10 points on the week with two positions, this is nothing new.  Two steps forward, one step back, two steps forward, one step back.  Over and over again.  The SST is fast to recover.  I suspect before two long, we’ll be breaking to new profit levels again very soon.  Don’t miss the run.

See Today’s Russell eMini Trades

Crude Oil Futures DID break to new profit levels for us.  We finished today with +.37 today, also finishing with a couple very strong trades.  We are up $8.97 for the year with our basic two position approach with the SST.  That’s $8970 so far with one contract per each position.  CL also had its momentary one step back moments but as is always the case, it came charging back with strong gains and new record profit levels.

Wheat Futures made all new profit levels on Wed.  Took a step back yesterday.  And then marched to new record profit levels again today, gaining + 12.5 points on two trades within 43 minutes of trading.  The reason it took longer than usual is due to the nice runner we rode out on both trades.  Wheat is up +26.5 points, +$1325 on just 9 trades.  We won 7 out of 9 this week.  We’re up +98.5 points on the year.

See Today’s Wheat Future Trades

Currencies were flat to negative a bit this week, depending on when and how you traded them.  EURUSD had two breakeven trades today.  EJ had a short trade that could have easily been avoided with a key level adjustment at obvious support levels.  Most of the best trades continue to occur during the European hours though on both markets.  Let’s not forget though that EURUSD did make all new profit levels for us this week and is sitting right at its equity highs. 

SST Owners can look forward to some new tradeplans being posted on their Owner’s Club Private site over the next few days. 

It’s still not too late to get on board the SST.  We’re about to take it off the market anytime though, after a very successful launch last week.  Anyone jumping on the SST Train is getting onboard at what should prove to be an excellent time.  As stated, this is the time of year when our equity curves start to zoom to new record levels.  AND, we have thrown in a FREE Advanced Training Bootcamp taking place for all new SST members this March 29th.  New members can attend live in London or from the comfort of their own homes over the internet.  We will be streaming it live and you’ll be able to interact live as well.  This will be a nuts to bolts SST bootcamp style training, which typically sells for $1000 buckaroos.  We’re giving it away free for new SST members making this the best time to get started with the SST. 

I will also be giving two presentations at the Technical Analysis Expo in Paris, March 23 and 24th.  If you ever needed a way to write off a European trip, here’s your big chance.  Paris, then London, and lots of fun to go with it.  Hope to see some of you there.

Despite tough trading in front of this week’s NFP (Non-Farm Payroll) report this Friday, we are slugging it out and winning the war.  Anyone following our traderoom results would know that EURUSD racked up nearly +3000 pips last year, August thru the end of the year when we converted our traderoom to a signal service and started keeping official track of the US Session trades. 

You would also know that the first couple weeks we hit a one step back and have been fighting our way back ever since.  The fact is, that from our lowest point this year at the end of the 2nd week in January, we have fought our way back over +500 pips and are now up +130 pips for the year and all new record profit levels.  I realize that +130 pips isn’t the greatest result.  But we have to keep things in persprective.  Markets do what they do and all trade methods will slump from time to time.  The fact is though, we just got over the +3000 pip level.  The reason why is because of our patient and tight trade management rules and by sticking with the plan.  We have had a lot of 1 pip/breakeven trades this year which has kept us close to our equity highs. 

seem to have been half a step behind these past couple months, missing a lot of winning trades that triggered in earlier than our US start time.  Our patient style has kept us in the game though and we have climbed back on top, showing the resiliency of this SST Tradeplan once again.

EURUSD 2012 Equity Curve (US Session)

Wheat Futures have also continued to be stellar for us.  It is on a +40 point winning streak, winning the last 6 trades in a row.  It broke to all new profit levels again today for +96.3 points gained in 2012.  All of this with 30 minutes of trading or less, per day.  Today we hit a larger runner for +12.75 points.

See Today’s Wheat Trade

See Equity Curve for Wheat 2012

Forex and Futures trading keeps chugging along, hitting on all fronts, winning in market after market with the SST.  New SST Owners should be thrilled!!  It is still not too late to pick up your copy of the SST before it is taken off the market.  Like this, we can control how many are out there and also assure complete customer service and training to our newest members.  Don’t delay though.  This is going to be a banner year, which of course, is evidenced by our ongoing winning ways.

Today, a day when Bernanke had to ‘tell all’ before Congress, the trading was nothing short of spectacular.  Here’s how we did in the traderoom.

TF:  + 3.5 points; $350

CL: + .61; $610

Wheat: + 11 Points; $550

EURUSD:  + 113 Pips (we hit all time profit levels today on EURUSD.  This has been a patient trade plan for us so far this year.  The patience is now paying off as we are at our highest profit levels since August, 2011, during the US session.  The Euro session has been on fire all year, too.)

EURJPY:  Modest Gains, but positive none the less.  + 9 pips

Many other markets are hitting targets on various timeframes; forex, stocks, futures, etfs, etc.

Another notable trade we talked about in the traderoom today is the USDCAD.  Currently in a short end of day swingtrade.  The same tradeplan applied to the hourly chart just hit a big full target this morning for +60 pips.

See USDCAD Trade on MT4 Chart

In our Live  forex and futures Traderoom, the markets gave new SST Members a warm welcoming party today, playing their favorite music over the loud speakers; Cha Ching a Ling ding a ding a ding dong dang!  After enduring a consolidation day yesterday, the markets came roaring back, as is so often the case.  Crude Oil was on fire, giving our basic tradeplan users a nice first winner of the session.  We then stood down and waited to trade the Crude Oil Inventory Report as we typically do on Wednesdays.  This being a 4 day trade week, the report came out today instead.  We proceeded to take a small managed loss on the first trade after the report, but then caught a nice winner and finished with our power of quitting goals intact, +.23. 

Some traders are using the alternative tradeplan that we often discuss in the traderoom, treating today like a regular session and then trading the Inventory Report as an extra 6th session.  There were huge gains today early on so a big congrats to those members.

The Russell marched back from a tough session yesterday, erasing the minor setup and forging forward again, winning 2 out of 2 and posting a juicy +8.9 Points.  Awesome!

Wheat Futures also gave us an easy session, confirming our claims of sometimes finishing with our tradeplans in just a few minutes.  Today, after 13 minutes of trading, we had hit our goals and finished with +4.75 Points.

The EURUSD gave us an interesting sequence as well.  We hit our first full winner, short for +20 pips.  Later, we reversed to long and a few minutes later found ourselves adding to our long position.  Both those trades stopped out at breakeven.  Such is the EURUSD during the US session these days.  European traders enjoyed a very nice moving session, as we have also seen so far this year.

What was interesting about our EURUSD session though was how the SST Pro gave us some optional NEW addon possibilities.  We were able to use the GetBob to Add to our Addon position, which scalped us a full target, which was great to see.  It was small but profit is profit and the setup was perfectly tuned, + 6 pips after spread and + 2 more on the trailer.  We also saw an unusual Addon to the GetBob, we a yellow Reentry setup.  This is a new addon we put into the SST Pro Calc.  That trade is still going.  It almost stopped out at a reversal short entry but it missed by 3/10s of a pip and then went higher.  At the time of this post, stops have moved up locking in 1 pip, assuring a risk free ‘addon to the addon to the addon trade.’  lol..  Daytrading requires patience sometimes.  13 Minutes of Wheat futures to hit our goals today, but the EURUSD requiring a lot longer, obviously. 

See EURUSD Trade (earlier); when I took this shot, the final addon yellow trade was still going.

EURUSD Trades (later); the final addon yellow trade is still going, but it avoided stopping out and hit its full target.  Both additional addons made a huge difference today in this market.  It’s important to understand the philosophy behind the SST and why it works the way it does so that you are positioned to take these types of trades when they come along.  It’s all about the Trigger Line and what it tells us about momentum and direction when combined with SST trade setups.  The fixed target grabbed another +18 pips.  The trailer has +19 pips locked in at this moment which is the worst case scenario if it rolls over.  That would result in +65 pips for today.  We’ll see how it plays out.

The EURJPY was the only drag, getting into one short that quickly turned around and stopped out.  Oh well!  EJ has been great all year.  It was in consolidation mode after a nice earlier part of the session.  – 32 pips on the two positions

Today, we broke the big +1000 points level on the Russell eMini, ending with a strong +8.6 points and our 8th winning session in a row.  We actually ended with our lifetime highest profit level trading the Russell eMini with the SST, + 1000.8 points.  We are up +53.7 for the year, $5,370,  and what’s more, we are winning at a full 2.7% higher rate than all of 2010 and 2011.  In the last 8 sessions we’re already up +14.2 points this week alone. 

That’s an exciting story for sure, but there is so much more to report.  Crude Oil also hit new lifetime profit levels today.  We ended our 4th winning session in a row, ending today with +.17.  For the week, we’re up +.92, $920, and have gained a whopping +7.45 this year alone; $7,450, with our minimal trading style and proven tradeplan.

Wheat had two 1 tick winners today and we are up +48 points this year, already; $2400.

EURUSD continues to burn it up during the early, Euro Session trade time.  Also, the ‘bridge’ session, the time between the Euro and NY sessions have been on fire all year.  Some of our overseas members have begun trading the EURUSD during the earlier times and are ringing the cash register.  Our US session seems to be hibernating.  We are about 130 pips shy of our all time profit level though, which as you know, if you’ve been following along, we can pick that up in a single trade.  The fact that we have been hovering just a tiny bit beneath our all time profit levels, despite stepping on the toes of our NY Session dance partner, only goes to show how resilient this tradeplan is.  When the market swings back ‘into phase’ with our US Session, we will rocket upwards and onwards.  The good news is that our philosophical approach of preserving capital and sticking with our proven tradeplan has produced a lot of breakeven trades, which is why we are so close to our all time profit levels.  You have to step out of time and let the market do what it does.  Patience will pay off huge for us, like it has on our other markets.

EURJPY is at all time record profit levels for us, breaking out just yesterday.  We’re up +364 pips this year with very few trades and very low risk. 

Our swing trading is on fire too.  The SST is typically referred to as a day trade system but the fact remains that some of our most profitable and reliable trading is coming from the swing trade side of things.  Both forex and stocks.  I’ll spend some time recapping some of our swing trade highlights in an upcoming post. 

Get on board the SST.  We are always developing, improving, publishing new tradeplans, etc.  The year is fresh and young and this will prove to be another banner year for SST Traders.  Why wait any longer?  Two years of solid gains and today it is doing what it did on day #1.  Winning!  This is a system for the ages and it will continue to work, because of how it was built and the philosophy behind it.  Price action and smart setups that put the odds in your favor on each and every trade.

If you want to hear all about the newest, most lucrative developments, make sure you block off some time on Wednesday, February 22nd and get your seat for one of our 2 live release webinars in advance (we’re going to fill up FAST). Here’s where to register:

*** Click Here to Attend the 12pm Eastern (New York Time) Webinar ***

*** Click Here to Attend the 6pm Eastern (New York Time) Webinar ***