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

Now that the SST Pro has been out a couple months, Pro Members are beginning to share their unique tradeplans that they have been working on.  The posibilities are truly limitless and the markets and timeframes that draw my attention are just a tiny fraction of the vast potential that exists.  For example, we have already published tradeplans that I would have never even thought of.  Our Membership is made up of all kinds of traders, some of whom are very talented and experienced. 

The most recent includes a daytrade plan for SPY, using Renko bars.  Who would have thunk it?  Well, one of our members did and he has just shared it with the SST Owner’s Club.  It is a great way to trade the S & P, offering frequent trades, great stats, and excellent risk:reward potential.  You can trade the weekly options using the trade setups right off of the SPY Renko chart for superb leverage and controlled risk.

Other excellent daytrade plans that have been submitted by members and published on the OC website include Wheat Futures with Kase Bars (very interesting and unique), Gold futures with Renko, and in the next few days we’ll be releasing a Euro Currency Futures plan and a Copper Futures daytrade plan.  After that, we’ll be focusing on some forex swing tradeplans. 

There has never been a better time to take advantage of the most powerful trade system available on the market, the SST Pro.  Get on the waiting list so that you don’t miss the next opportunity to get on board.

You can also check out our live traderoom where we trade the SST Pro each and every day.  Take advantage of a free two week visit and give the SST Pro a serious look.  You got nothing to lose and quite possibly, you will find the trade system you have been searching for.

What an amazing beginning for Crude Oil and Russell eMini traders.  The SST Pro has made our trading even easier and has been posting profits on nearly every session so far this year.  Today, we had a big winner on Crude, gaining .53.  Due to the migration having begun, over to the March contract and the split volume between both contracts, we decided to call it a one and done day for CL.  Yesterday, Crude struggled early on but SST Traders following the tradeplan were able to eek out a 1 tick winner, keeping the session winning streak alive.  Crude Oil has not had a losing session in 2012, and is breaking profit levels.  We have already gained +5.22 for the year, per our two position SST tradeplan as described in the Owner’s Club.  That’s $5,220 already for January, 2012.

See Today’s Crude Oil Trade

The Russell eMini, not to be outdone, is also charging ahead.  We ended last week with a modest +8.4 points, $840.  We are already up +10.9 this week and have hit all new profit levels for the SST lifetime tradeplan result, dating back to 4/2010.  For the year, we are up +32.2, $3220.  As stated in the prior post, we had only one tiny losing session this year and the stat that is really jumping out at me right now is the winning percentage, which is a full 15% higher than the last 1.75 years.  The lifetime winning percentage has been a solid 67.3%, as I have stated numerous times but so far this year, we are winning at 78.57%!  In fact, the big +1000 lifetime points award is within striking distance for the SST and our Russell eMini trade results per the owner’s club tradeplan, which we use every day in our live traderoom.

See Today’s Russell eMini Trades

After an incredible 2011, 2012 has hit the ground at a full sprint for us futures traders in the SST Traderoom.  Crude Oil has not had a losing session, is up +4.10 already in just 8 trade sessions and has hit ALL Time Equity Highs again.  For those of you who don’t know, +4.10 = +$4100 using our out of the box, SST strategy, per the published tradeplan.  That’s with just a few trades per day, often finished in less than an hour!

The Russell eMini did lose one session for -.5.  Yeah, we lost $50 on a session.  But we have won on all the other sessions and it too has been on a sprint.  We are up,  +18.3 already this year, all new equity highs for the history of this tradeplan, dating back to April of 2010!  We have put the big +900 point level in the rear view mirror. What’s more, TF is winning a full 10% HIGHER than the 1 3/4 year running history.  We’ve maintained a handsome 67.3% trade to trade winning percentage since 4/2010 til end of year 2011.  So far this year, we’ve been on a 77.1% winning percentage.

Of course the trade to trade winning percentage is probably the least important stat to pay attention to, other than its ‘feel good’ effect.  So many inexperienced traders hand too much importance on that stat and fail to focus in on more important stats like (to name just a few):

• Session win rates:  The TF has maintained over 75% since 4/2010
• Weekly Win rates: The TF has maintained over 75% since 4/2010
• Overall profitability:  We’ve amassed over +920 points without scaling up position size, since 4/2010 ($100 per point for those who don’t know).

Sure there are other important stats too.  But, they all only tell part of the story when taken out of context.  The three above tell the overriding tale.

Here’s a rhetorical question that kind of illustrates what I am talking about.

What’s better?  At system that wins 90% of the time, that was able to turn $1,000 into $2000 in 10 trades?

Or,

A system that wins 10% of the time that was able to turn $1000 into $2000 in 10 trades?

Think about it.  Let me know your answer and why.  It will be interesting to see what everyone thinks, and why.

These tradeplans are intended for the uninhindered use by our SST Members.  The reason I like to announce them on this blog is to illustrate the tremendous value that comes with SST Membership.  This one tradeplan alone is reason enough to think about investing in the SST.

This tradeplan is so easy.  It is a 1 to 2 trades per day tradeplan.  That’s it.  Over the last 1000 trades it has been steadily posting the profits (backtest results).  It is so new I have not yet traded it but I like what I’m seeing so much that I am adding it to my daily trade routine.  Coupled with the fact that it is so easy, all I have to do is follow the dots, this is as no-brainer as it gets.

This plan was inspired by a similar tradeplan that I presented last year with the SST Simple.  That plan is still going strong as well.  It would be so easy to start with that plan and then graduate up the the SST Pro plan when ready.

Check out the equity curve to this new tradeplan.  This is with a 3 position approach.  1 or two position traders would do equally as well, proportionately.

Equity Curve

To learn more about how to get involved with the SST, make sure you get on the mailing list and join us for our next webinar. 

If you’re going to be in Europe (or need an excuse to go) this March, please be sure to stop by the Technical Expo on March 23rd and 24th to catch my free educational sessions where I will be giving away a new SST product for a free 30 day test run.  Stay tuned for more details to come.

We’ve been trading the Crude Oil 377 tick chart since August on 2010 but it wasn’t until August 2011, that I began officially keeping track of the trades.  As you’ve probably heard me write or talk about, every now and then we get a real tough session or two.  That happened last Friday and Monday.  What we typically see afterwards though is a fast recovery and new profit levels.  That happened this week, as well.  In fact, on Wed, we were given an early Xmas present from the Trade Gods.  Our first trade of the day grabbed us +1.18, which is $1,180 in profits and more advanced SST Traders made the minor key level adjustment for another .40 in profits, + 1.58.

The question is, do you keep trading and fight for your power of quitting, or do you take the gift and call it a day.  In short, take it!!  At least, that’s my feeling on the subject.  It’s true that the next trade could be another winner and sticking with the plan is the always fine, and probably even the best solution, long term.  But we don’t see these huge trades every day and the other very possible outcome is that you will endure some losses prior to picking up the 2nd winner and you’ll end up working a whole lot harder for a result that might not be as good.

Play Video to See the Crude Oil Trade

The EURUSD, using our tried and true 5 Minute Chart Daytrade Plan with the SST finished Quadruple Witching today, up + 48 pips — or more, if you were using MT4 with Oanda.  Like yesterday, this video walks through today’s trades comparing and discussing the difference between two chart and data providers, Tradestation and Oanda with MT4.  I like comparing the two because they both use Eastern Standard Time and the setups line up, except for the slight nuanced differences in price quotes.  That’s the thing about forex, as you know.  It is decentralized.

If you’re trading this durable tradeplan then it doesn’t really matter.  Just trade the setups as they appear on YOUR chart.

Check out how we did so well today, despite the ever volatile and unpredictable year ending quadruple witching Friday.

Play EURUSD Video

It’s not too late to get the SST in a very affordable end of year special offer.  You can begin trading this rock solid tradeplan with the EURUSD, along with so many other great step by step tradeplans including:

• The Russell eMini, close to hitting + 500 points for the year and all time record profit levels
• Crude Oil Futures (also at all time record profit levels which I’ll show on a subsequent video)
• Wheat Futures, which is the perfect 30 minutes per day tradeplan
• So many other great swingtrade opportunities with various forex, stocks, ETFs and options tradeplans (gold, silver, cable, tons of stock and etf names, etc.) 

What are you waiting for?  We’re offering a NO RISK 45 day no questions asked money back guarantee.  That’s because we already know how much you’re going to love trading — SST Style, and the thorough ‘make sure you understand everything and will master the easy system’ training that comes with it!! 

Begin 2012 on a profitable track!  The markets are providing us with amazing tradeable action each and every day and this new year will reflect a lot of tumultuous happenings in the world which in turn, will translate into that cash register ringing sound, which has become the music to so many SST Trader’s ears.

The EURUSD continues to win, and win big.  Forex is a decentralized market and it has been often described as the ‘wild west,’ and for good reason.  It is important to have a plan that consistently guides and that puts the odds in your favor.  Our EURUSD 5 min chart tradeplan with the SST does just that.

Still though, data services vary somewhat from provider to provider.  In this video I want to show you how our MT4 users with a popular broker (Oanda) fared vs. our Tradestation users.  This is not meant to be an endorsement or criticism towards either.  Tomorrow, the opposite can happen.  The real take away from this post is the importance of sticking to your tradeplan and trading your charts.  The variance that occurs from time to time, ultimately evens itself out, over time.  The losing trade you take today that the other provider may have avoided will flip around and the opposite will occur next time.  Don’t worry about it.

Today, + 80 pips with MT4 while Tradestation users either broke even or actually lost a few pips after an important key level adjustment on the stop.

Check it out by playing this short video recapping today’s eurusd trades.

Strange days indeed yet despite all the world craziness that hits the wire randomly, well, just about every other moment, the SST continues to put us on the right side of the trade which you can see loud and clear in our favorite forex markets.  Futures, too.  Despite a tough no news session yesterday, we came roaring back with futures today.  But Forex is the continuing story and particularly, our EURUSD 5 minute chart.  On the day before our final SST release of 2011, we have hit all time equity highs on the EURUSD and have nearly amassed +3000 pips over the past few months, with very few trades and an aggressive approach to our trade management style that has us enjoying risk free positions on a majority of our trades.

Today was no different.  We got wiggled into an early loss, where our stop pushed to cut risk and then we flipped to short on a stop and reverse.  That was the trade that hit the ball out of the park with a huge +103 pip trade.  We netted +67 pips on two trades, accounting for the earlier loss (two positions) which is on top of our one and done session yesterday where we netted +44 pips.  New equity highs and + 2795 pips since calling the tradeplan in the Signal Service, July 29th.

EJ is still in its trade as of the time I am writing this post but if it were to stop out at its current stop level, it would have gained +55 pips with a one and done session today.  Yesterday, we lost the first trade, won the 2nd, and ended basically flat, with a +5 pip net result.  So we’re 2 for 3 using the SST Simple trade system and up +60 pips so far this week.

See Today’s Forex EURUSD Trades on MT4 

The EURUSD kept us out of a lot of choppy action today as we remained patient and finally took a short trade that went the distance.  We gained +44 pips on a ‘one and done’ day.  Crude Futures and the Russell eMini didn’t fare so well as the early morning price action was frought with whipsaw and flakey moves both up and down.  I’ll circle back around to those markets later.  This post really, is about how important it is to not only really know the tradeplan well, but to also stick with it. 

Traders had to rely on their own knowledge of the system these past few weeks as I have been traveling, first to present at the Trader’s Expo with the NetPicks Team, but also to take part in our 3 day live Bootcamp Training Workshop where we covered everything SST Pro.  Finally, I have updated my EURUSD UTA sheet.  When I am out of town, as soon as I could get to it, I step through the charts and post the trades that the tradeplan called for.  Since becoming a live signal service, I have tracked and posted in my spreadsheet every EURUSD trade for the US session, but only up until the traderoom closes, 11 am.  SST traders have the option to continue with the tradeplan through noon but I have only posted through 11 am. 

The results have been outstanding.  As of today, we have broken to all new equity highs, and have amassed +2728 pips net of spread costs, winning an astounding 73.42% of our trades (that includes the 1 pip lock in ‘breakeven’ trades).  Moreover, the profit factor is +2.12 and the expectation table is has got us firmly in the GREEN zone.  UTA owners know how significant that is!

Check out these two equity curves.  The first one shows how we did after the first 6 weeks.  The second curve shows everything up until date of this post.  It really tells the story and exemplifies what a trader can expect if he/she is able to really take ownership of the method and tradeplan and then trade it with discipline and proper execution.

EURUSD 5 Min Chart Curve thru Sep 11

EURUSD 5 Min Chart Curve thru Dec 12