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

Today was another brilliant end to a very strange session.  NO, a very strange week!  Rather than try to explain everything that happened in text, I recorded a short video that walks you through the setups and explains how and why we were able to grab a +150 pip trade in the EURUSD, + 75 pips in the EURJPY, a nifty +1.6 in the Russell eMini, which incidentally fought its way back from a deficit earlier this week, to end the week up by +6 points and all new equity profit levels, +.89 in Crude Oil (+ $890), and over +9 points in Wheat Futures.  Yeah.. all in one session!

This is why the SST is ‘all that’ and why it continues to deliver the goods, after nearly 2 years of service, every single day in the live markets.

Today, the Russell eMini made all time SST profit levels and is rapidly approaching the big +500 point level for 2011.  This short video will show you exactly how we did it:

It never ceases to amaze me how the SST puts us in the right side of the trade, just ahead of major market moves.  This video shows you the most current example on both MT4 and Tradestation. 

NetPicks Author Series

Think you’re pretty sharp but, still can’t catch a break trading the markets?

The reason: Trading is just 20% intellectual and a whopping 80% psychological.

To succeed, you’ve got to sync your trading with your emotions and achieve the inner calm and confidence that translates directly into better decisions and ideally higher profits!

In this very special interview, author of ‘The Inner Voice of Trading,’ Michael Martin will teach you how to find your inner voice as a trader, so you can crisply execute your trading strategies WITHOUT hesitation.

Download

Download this day trading webinar by clicking on the links below, so you can take this recording with you anywhere: on you daily commute, running errands, at the gym, on the golf course, or wherever is most convenient:

MP3 Link: Right click and “Save-As”
Video Link: Right click and “Save-As”

In this exclusive day trading interview, we’ll cover…

• Traders are humans first: How your trades reflect the human propensity to pursue pleasure and avoid pain
• Choosing strategies you can sustain over time: How to find trading approaches you can tolerate—and consistently execute
• Letting go – You don’t need to be right all the time: Stop seeking validation from your trades—that’s not what they’re for
• Reducing your losses through self-discipline and surrender: How emotionally aware traders improve performance by keeping their losses small

Throw in some great case-studies from some of the world’s foremost traders and you’ll discover how integrating reason *and* emotion can make better trades… and make you a better trader.

Be sure to sign up to get on the list to be notified when the latest free webinars in the Author Series are by going here: NetPicks Author Series

Coming up next month in our Author Series we have Anne-Marie Baiyd, author of The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology. To find our more about Anne-Marie and sign up for the interview click the link below:
http://netpicks.com/interview

Here’s another sneak peak at the SST Pro, which we are releasing tomorrow! 

Play Video

Get your seats right now before we fill up:

=== >> 12pm Noon EST (New York Time) / 9am PST / 5pm GMT Start Time

=== >> 6pm EST (New York Time) / 3pm PST / 11pm GMT Start Time