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Futures Trading

The Power of the Counter Punch Trader’s Purple Trade

October 27, 2016 — by Troy Noonan0

The Russell eMini hits record profit levels to day going One and Done to end the session quickly and efficiently.

I decided to run my Russell eMini trade this morning as it was happening because it encapsulated all the most important principals that we use with the Counter Punch Trader. It illustrates how we combine certain ‘powers’ to consistently put the odds in our favor on every trade.

Today, the Russell eMini was One and Done, hitting all of its goals and breaking out to new all time record profit levels for the life of this tradeplan. Check it out.

Futures Trading

One and Done Solves MANY Problems for Traders

October 25, 2016 — by Troy Noonan0

Less is more when it comes to ongoing success as a trader. It often is the cure for what ails most traders.

One of the things I’ve learned about problems in general is that if you can fix them with ‘the system,’ or have a routine that eliminates the potential for whatever problem we want to talk about, you’ve pretty much won the war.  That is, if you prevent the problem from occurring in the first place, there IS no problem.

Think about all the issues that cause you problems with your trading.  There is a fairly short and common list that we encounter when working with our members.  Nearly every one of these issues prevent the trader from finding ongoing success and yet they are all preventable and therefore, fixable.

One of the easiest and fastest solutions is to just trade LESS.  That’s why we love the One and Done tradeplans.  Of course you need an effective chart and strategy to trade.  Counter Punch Trader gives us ample opportunities and one of our favorite One and Done tradeplans is with a Soybeans Futures 5 tick momentum bar.  Take one trade, win or lose, and you’re done.  Below are today’s and yesterday’s one and done trades.

Soybeans was One and Done Today for big profits and all new record profit levels for this tradeplan.  Using the power of compounding, the trader doesn’t have to trade more to achieve ongoing success.  Less is more!

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Yesterday, Soybean Futures hit for ‘the wheel,’ hitting T1, T2, T3 and for the homerun, hitting a runner that exceeded T3.  Again, one and done and record profit levels.

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One and Done has produced this equity curve with the Soybeans 5 tick momentum bar.  You’ll see that there are some losing trades but if you can grow your equity like this, can you endure some temporary set backs?  That’s trading!  If you can go two steps forward, one step back, then two steps forward, one step back, you can then use the power of compounding to increase your position size as your equity grows.  THIS curve doesn’t even use compounding.

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Soybean Futures is a great option for a One and Done approach.  Often you can be finished with your trading in a matter of minutes.  If you still feel like you want to trade more, you can add additional One and Done approaches with other markets and charts, each one providing you with the benefits of the ‘less is more’ approach.  You can also add some swing trading to the mix.  Counter Punch Trader can do it all and when combined with the training, it just could be the cure to what has been ailing you and your trading results.

For more information, contact us at info@Netpicks.com.

Forex TradingFutures Trading

Favorable Trading with the Morning’s Strong Upsurge

October 10, 2016 — by Troy Noonan0

Strong early session rally led to quitting our trading early across many markets.

It’s hard to know where to begin so I’m just going to jump right in with the Dow e-Mini – YM, which was in and out of its first trade this morning with its goals in hand and new equity highs again.  This is a great time to be trading and as many of you probably think also, volatility should begin to increase as we head into a very contentious US election as well as the ever nuanced, ongoing monetary policy of the Fed.  It’s important to be strong with your resolve and solid with your belief and confidence in your trading strategy so that when moves like today happen, you are ready and able to reap the benefits.

The Dow E-mini YM took adavantage of this morning’s strong rally, hitting goals with its very first trade

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The Russell eMini joined the party early as well, in and out in 5 minutes  for this fairly new tradeplan

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Soybeans was One and Done Today, too.  A completely different market but one we like to add to our routine.

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Crude Oil FUTURES needed three trades today to hit its goals but did so with this BURST TO THE UPSIDE YOU SEE ON THE CHART

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Forex also was on the move with the same type of price action.  The GBPUSD 5 min chart was one and done today.

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The AUDJPY often likes to follow (sometimes lead) the US Stock Market so as you can see, it produced a nice TRADE EARLY on as well, one and done for the session.

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This just a sampling of the type of markets and charts we like to trade with the Counter Punch Trader.  We follow tradeplans, with clear and concise rules and long running success.  To find out more, make sure to register for one of our upcoming webinars happening later this month.  Check back here for more details to come.

 

Futures Trading

The Power of Purple — Extremely Profitable, Often Misunderstood

September 29, 2016 — by Troy Noonan2

Using the higher time frame chart without actually having to look at it.

I am referring to what we often call “The Purple Trade,’ which is a specific Counter Punch Trader setup that few completely understand and as a result, it often intimidates new Counter Punch users.  Yet it continues to deliver the goods, and the last couple sessions on the YM offers some excellent examples (see below).  If you take the time to learn this trade, you will see HOW it works, and WHY it is so effective.

First of all, let me explain a little bit about the setup.  The purple trade takes advantage of an ‘exhaustion level’ on a ‘higher timeframe chart,’ but ON the actual chart we would use to trade.  Moreover, it is dynamic in that the ‘higher timeframe chart’ it would be ‘referring to,’ is based on actual price action itself.  In other words, it is NOT a specific timeframe.  It is just a ‘higher’ timeframe of some sort.  The below example will hopefully better explain this interesting concept.  We’re using a 377 tick chart to trade off of but the higher timeframe chart we will look at is a 5 minute chart.

Example 1 shows a chart pattern that happens all the time, on all timeframes.  I have color coded each part of the example so you can easily follow the sequence.  The first four examples refer to trades that happened on the YM yesterday, and led to the tradeplan finishing strong, with a positive result and all new equity highs for the life of the tradeplan.

This is a 377 tick chart.  The bars have nothing to do with time but for the sake of this example, you can assume each bar takes about one or two minutes to form during this part of the session.

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This example shows the exact same price action but on a ‘higher timeframe’ chart.  It’s a basic 5 minute chart.  Keep in mind, we are trading off of the above chart but I wanted you to have a clear look at what is happening on the higher timeframe chart so you can see how we use the purple trade (third example below).

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This 3rd example is another look at the same chart in the first example, the 377 tick chart, but this time, you see the purple trade presenting a perfect short trade due to its unique ability to take advantage of ‘higher timeframe’ failed exhaustion levels.  This setup as well as the other CPT setups are described and taught in great detail with the Counter Punch Trader training.

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A 2nd purple trade, using the same principals appeared immediately following the first example for another perfect trade.

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Then, today, these trades happened to also finish another winning session and new equity highs (on both the YM and TF).

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Today’s TF Trade also took advantage of the Power of Purple

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The Counter Punch Trader takes advantage of smart chart patterns that produce profitable setups.  It puts the odds in our favor on every trade.  Moreover, it does so by simplifying what we actually base our decisions on.  We don’t have to look at the higher timeframe chart (we can if we want) because the ‘power of purple’ does it for us.  Hopefully I have been able to describe how this effective setup works and that you will be able to use this idea with your own trading.

You will can learn more about my trade ideas, as well as gain insights from other professional traders by downloading the new book I am in:

Expert Trading Systems: Successful Traders Share Their Secrets

You can download it free at Amazon here: amzn.to/2cqcYr8.  If you like it, please leave a positive review.  Thanks!!

 

 

 

 

 

 

 

Futures Trading

High Flying DAX Futures Trade Plan SOARS to Record Profits Today

September 22, 2016 — by Troy Noonan0

Our DAX Futures 233 Tick Chart is one of the most profitable charts to trade and has been consistent for the last 18 months

Anyone catch the strong rally in DAX Futures this morning? The Counter Punch Trader has a long running tradeplan using a 233 tick chart.  This has been one of the most consistently profitable charts I have ever seen.  Today it jumped to all new equity highs for the year and life of the tradeplan, which began in March, 2015.

Our trade plan requires two target 1 winners or, one target 2 winner.  The first trade this morning hit T1 and then stopped out with our dynamic profit protection stop.  The 2nd trade hit all three targets and trailed for a much larger gain.

Today’s DAX Futures hit Record Profit Levels for the year and for the life of the trade plan

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Here’s this year’s DAX Futures equity curve based on all the trade plan trades for the year.

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Uncategorized

Are Psychological Key Price Levels Important with Certain Daytrade Markets?

September 10, 2016 — by Troy Noonan0

Pay attention to major price levels and make minor adjustments around them.

We often talk about the importance of respecting certain ‘key levels’ when it comes to trading.  Especially in certain markets like the YM, CL, TF, some forex pairs, etc.  It’s a topic that often gets overlooked and when I talk about it with traders, their eyes will often just glaze over with boredom.

Certain psychological levels like throw roadblocks in the way of our trades sometimes and it happens more frequently than most people realize.  You can use this knowledge to your advantage if you know what to look for and how to make small ‘artsy’ adjustments.  In fact, we have reduced this subtle ‘artsy’ side of trading to a mechanical rule and actually enabled our Counter Punch trade calculator to make these adjustments for us.

Not convinced?  Check out today’s YM trade that used this concept perfectly, resulting in a ‘one and done’ tradeplan trade, quitting with a strong positive result for the day, week, and lifetime equity highs for the tradeplan.

Stock & Options Trading

Snap Shot Trading Should be Used for Equity Swing Trades, too

September 4, 2016 — by Troy Noonan0

Look for Market Treasures in Overlooked Places

In the last couple posts we looked at how we can swing trade slower timeframe charts without having our trading take over our lives.  With this example, I wanted to show you how you can use the same principals to swing trade stocks, ETFs and options.

Check out this example of GOOG.  This is a great trading stock but at $775 per share (or there about), it is out of reach to many traders.  With the CPT, you can use the trade setups you see on the chart to trade options.  The entry tells you what strike price to buy; something slightly in the money with enough time remaining.  At each target, you could exit a part of your position.  When it’s a long trade you buy slightly in the money call options.  When it’s a short trade, you merely buy slightly in the money put options.  Sometimes a trade will take a loss so if it does happen to hit its stop, you sell your option and recapture some of your premium.  We never hold options to expiration.  There’s no reason to do that.  Like this, you can contain your risk and enhance your risk:reward ratios.

This example is  a unique 195 minute chart using ‘natural hours’ instead of session hours.  What makes this chart so different is that if you use session hours, you basically are dividing the session by two, giving you two bars per session.  You can certainly use a chart like that and get twice the frequency as a daily chart would give you.  Using Natural Hours, as with this chart example, you actually get 3 bars.  The first bar is only 15 minutes, so at 9:45 am, you look to take trades.  The 2nd bar is 195 minutes and the 3rd bar is 180 minutes (the remainder of the first 15 minute bar.  Different, right?  We like to be different.

Look to take trades on this GOOG chart 15 minutes after the market opens.  But slightly in the money calls and puts with enough time (1 month is about right, give or take) and then scale out at each target for double and triple digit percentage gains.

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There are many advantages of using this type of chart.  The most obvious is that you let the market settle in for 15 minutes before placing trades.  Also, you can get your trading done quickly, with a brief ‘snap shot’ window of time.  Also, we don’t want to do what everyone else is doing.  We want to go our own way and find our treasure under the stones that everyone else is overlooking.

The Counter Punch Trader will be on the market again soon.  Be on the lookout.  We will be announcing how you can register for the next upcoming webinars here on this blog very soon.

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Forex TradingUncategorized

GBPJPY Swing Trade Progressing Nicely

September 2, 2016 — by Troy Noonan0

Follow up to the Last Post and the Current GBPJPY Swing Trade

In the last post I spoke of the virtues (and pitfalls) of trading a slower 240 minute chart.  I talked about how it could take over your life if you don’t have the right plan.  Using a technique we call ‘snap shot trading’ helps rein in the time commitment element to trading this type of chart.  Here’s a follow up look at the GBPJPY trade that was just beginning to get underway in the last post.  With the right tools, it’s only necessary to check and manage this trade once or twice per day.  It literally takes minutes, not hours, and hours, and hours.  Let the trade do its thing.  You don’t have to ‘hover’ over it as if you could control the outcome.  You can’t nor should you want to.

This current GBPJPY swing trade, using a 240 minute (4 hour) chart is pushing up to it’s Target 3 level, + 673 pips).  It’s already quite profitable.  Now it’s just a question of how much.  Let the tradeplan do its thing.

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There are plenty of opportunities to trade with this technique.  And you’re not limited to Forex.  In the next post, I’ll show you how you can use a unique swing trade chart, using ‘snap shot trading’ to trade equities; stocks, ETFs and Options.

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