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Forex TradingFutures TradingStock & Options Trading

Tradeplans that Consistently WIN are the KEYS to Ongoing Trading Success

January 18, 2017 — by Troy Noonan0

Ongoing success comes from sticking to a disciplined and proven tradeplan.

Our CPT Tradeplans consistently win.  We’ve shown that for over two years.  We haven’t changed much since then, after all, if it ‘ain’t broke — don’t fix it!’

Today was another day where every single chart and tradeplan we follow in the traderoom was a winner and all new equity highs were reached, yet again.   In fact, nearly everything hit its goals on the very first trade except the Russell eMini which hit its goals on the 2nd trade.That’s what making money as a trader is all about, right?  Best of all, there were over 50 CPT members in the traderoom, witnessing, trading and enjoying the success of our strategy.

per, two positions; T2 and Trailer

  • Crude Oil: + .36
  • TF: + 10.4 points
  • YM; + 50 points
  • Soybean Futures; + 8.75 points
  • GBPUSD 5 min chart; + 114 pips (we take 25% off at each of three targets and trail the rest, see below)
  • EURUSD 5 min chart; + 46 pips (same method as GBPUSD)
Today’s GBPUSD Trade, per our tradeplan, was one and done for + 114 pips

011817_gbpusd

A Completely different way to use the CPT is to use this 10 minute chart with the IWM (Russell ETF).  Take one trade per day, win or lose.  Check out yesterday’s trade.  Looks just like any other CPT trade.

011717_iwm

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Forex TradingFutures TradingStock & Options Trading

Trading Profits Soar! Exciting Time to be Trading with the Counter Punch Trader

January 12, 2017 — by Troy Noonan0

Trading profits soaring!  How does 22 in a row sound?  That is, 22 winning sessions in a row with our traderoom tradeplan for the Russell eMini.  Usually this plan is done with the first or second trade.   In fact, since December 8th, the last losing session we had trading the TF (Russell), we’ve hit our profitable trading goals with 3 trades or less — usually less.  The week ending December 8th was the first week that the TF changed its point value from $100 per point to $50 per point so we expected some difficulties as the markets digested the change.  Since then, it has been a parabolic rise in equity growth with 22 winning sessions in a row, including of course, today, with this trade:

Today, the TF was one and done with this trade.  Since the beginning of 2017, the TF is winning at 83.3%, with our 8 tick range bar tradeplan, like we do in the live traderoom.  Perhaps more importantly, it has won 22 sessions in a row dating back to Dec 8th!

011217_tf

It’s not all about the TF, though.  Just about everything is trading magnificently well with the CPT.  The price action is great, whether its going up or down and since CPT is 100% price action based, many tradeplans are enjoying big equity run ups and new record profit levels nearly every day.

Crude Oil Futures has just won its 19th session in a row and if you add to that our ‘6th session of the week,’ our Inventory Report Session, its won 23 sessions in a row.  Today it hit record profit levels again.  In fact, since the beginning of 2017, CL is at a 70% clip, but has a 100% winning session rate.  It hasn’t had a losing session since Dec 15th!

Soybean Futures just won its 5th session in a row and hit record equity high profit levels for the life of its tradeplan, using the 5 tick momentum bar.  Best of all, this tradeplan only requires ONE trade per day.  Talk about efficiency!  While the crowd is struggling with one of the most difficult markets to trade, the ES, Counter Punch Traders are doing it differently, finding the ‘golden eggs’ where most traders don’t know where to look.  Soybeans trades like the ES in that it also is $50 per point and $12.50 per tick.  The difference is, our one and done tradeplan continues to grow equity and is as straight forward as it gets when it comes to growing your equity with minimal effort.

Today’s one and done Soybean Futures trade hit record profit levels again. Today, target 2 grabbed + 4.25 points.

011217_s

These are just a few examples but its NOT just all about futures.  Forex is trading and trading well.  Equity trades are ringing the register, too.  Check out this GBPUSD daytrade, currently still going, that put this market on top today, hitting its profit goals for another winning session:

GBPUSD hit its T1 for + 52 pips and is still going.  We like to take 25% off at each target and let the trailer exit the rest.

011217_gbpusd

Check out this AAPL swingtrade chart.  With the CPT, you can daytrade and swingtrade, futures, forex and stocks.  It doesn’t matter.  It’s all about price action and because of how the CPT is designed, it self tunes to market conditions, bar after bar.

011217_aapl

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Forex TradingFutures TradingStock & Options Trading

Year Ends of a Very High Note — Record Profits, Many Markets and Charts

December 30, 2016 — by Troy Noonan0

Strong gains across the board to end the year

This is a follow up to yesterday’s post.  The Russell eMini ended it’s session, one and done, hitting its goals with its first trade of the day, winning its 15th session in a row and finishing the year with all new record profit levels.  Can’t ask for more than that!

123016_tf

  • Crude Oil Futures win the last 16 of 18 Trades

Crude Oil Futures also ended with another winning session to end the year at new record profit levels.  It was a modest gain on a slow day, hitting two target ones and then stopping out at profit protection levels on the first two trades.  That had us taking what the market wanted to give us and quitting positive for the 12th session in a row, or 15th session in a row when including our extra Crude Oil Inventory Report Session which won again yesterday (see video in prior post).  Target 2 traders were up + 1.46, $1460 per contract and have won 16 of the last 18 trades.  That’s a great way to end the year!

Other Highlights to our last session of the year:

  • EURUSD continues to give us good trades during the US Session, going one and done again today for + 35 pips
  • GBPUSD also was one and done for its final session of the year, hitting all three of its targets and adding even more with a nice running trailer.

EURUSD

123016_eurusd

GBPUSD

123016_gbpusd

  • Soybean Futures ended on a high note today, too.  It was a slow starter but ultimately one its ‘one and done’ trade, winning the last 6 out of 7 sessions to end the year strong.
  • YM gave us a nice winner as well, finishing one and done per its ongoing tradeplan; + 21 points to T2
  • NQ was one and done today to end the year on a strong note as well.
  • Soybeans still going as of this post

123016_s

  • YM

123016_ym

  • NQ

123016_nq

  • AAPL daily chart gave a nice swing trade Christmas dividend as well with this winner to end the year:

123016_aapl

  • GBPJPY 4 hr Swing trade chart wins again, 14 of last 15 trades and record profit levels

123016_gbpjpy

The big message I’d like everyone to take away from these examples is that if you look closely, you’ll notice how ‘the same’ each chart looks.  We are using the same setups on all these charts, trading them the same way, following the same guidance and structure.  Notice how on all these very different markets, we are able to make efficient work of our tradeplans, typically finishing each session quickly and profitably.  Our philosophy is to grow our equity by being able to quit positive on MOST sessions while controlling our drawdowns. We treat our swing trading the same way using the great CPT setups and combining them with tradeplans that tell us when and how to trade each chart.

We are looking forward to a prosperous 2017.

Happy New Year!!

 

 

 

 

Forex TradingFutures Trading

Santa Claus Rally Continues; Crude Oil Inventory Report Another Stellar Session

December 29, 2016 — by Troy Noonan0

Our Crude Oil Inventory Report tradeplan continues to win, win, win, ending this year with yet another win.

Crude Oil has been HOT and our tradeplan is on a 2 week winning streak, hitting record profit levels again. In this video, watch how I handled trading the Crude Oil Inventory Report, which is one of my favorite trades each week, and for good reason. This strategy is winning nearly 75% of the time using this approach.

Also see how the EURUSD did today along with my other favorite market, the Russell eMini. It’s a brave new world we find ourselves in and whether you like it or not, for sure we can expect some great trading in 2017. The CPT is poised to take advantage of the price action and I am predicting a banner year, regardless of whether the markets go up or down.

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

101016_ym

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

101016_tf

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

101016_s

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

101016-cl

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

101016_gbpusd

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.

101016_audjpy

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.

 

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.

090216_GBPJPY

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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Forex Trading

Four Hour Charts DON’T Have to Take Over Your Life to be Effective with Forex

August 29, 2016 — by Troy Noonan0

Everyone can see the amazing trades that appear with CPT on the 4 hour chart (240 minute). What traders typically don't think about and wind up learning rather quickly, is ...

Everyone can see the amazing trades that appear with CPT on the 4 hour chart (240 minute).  What traders typically don’t think about and wind up learning rather quickly, is how that time frame can take over a person’s life.  Imagine having to check your charts every four hours.  Not just today, but tomorrow, the next day, the next..  etc.  Many will even sleep with their computers, afraid of missing a trade in the middle of the night.  This is no way to live, no way to trade, and most importantly, not even necessary.

You can still take advantage of the great trades that take place on the four hour chart and NOT have it take over your life.  Best of all, you can do it consistently and successfully.  How?  By using the concept we call ‘snapshot’ trading.  It’s really quite simple.  You commit to reviewing your charts for trades the same time each day (or there about), maybe looking at your charts once or twice per day.  if a trade sets up, you take it.  If a trade happened to set up earlier, and it is still near the entry, we follow our ‘get in synch’ rules and in many cases, the trade can still be taken.  Like this we can take advantage of this type of timeframe without it taking over our lives.

Of course you need to have techniques to manage the trade while it is in progress but there are many tools to do that, including price ladders, doms, 3rd party trade management interfaces like MyFX.com, for example, etc.  The point is that it can be done and it can be done with minimal daily effort.  Of course it still is a business and the trader must be consistent with running his/her trading business but that’s true with all successful trading.

Here’s a look at the GBPJPY 4 hour chart using a custom CPT plan and snapshot trading.  This plan can pretty much be traded at any time, but this tradeplan gets the best results by only checking it once or twice per day.  What’s more, this particular plan takes advantage of the Asian Session and can be traded in the evenings for those living in the US.  You look to take trades at 4 pm and/or 8 pm est.  If a trade is there, you take it.

This 4 hour chart of the GBPJPY is a specific tradeplan that keeps hitting record profit levels.  You can see it hitting its first target objective where a percentage of the trade can be taken off for + 93 pips.  The stop is moving higher and trailing, allowing the trade to capture larger gains if the market continues to rally.

082616_gbpjpy4hr

Check out this 5 year equity curve of the GBPJPY 4 hour chart.  CPT is easy to learn and if you’re going to swing trade this timeframe, I strongly recommend you consider ‘snapshot’ trading so that you don’t have to sacrifice you’re every breathing moment to your trading.

082616_gbpjpy4hrCurve

The Counter Punch will be on the market again, soon.  Be on the lookout for the date for our Autumn release.

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Forex TradingStock & Options Trading

Quit Positive on Most Sessions for Ongoing Consistent Profits

August 9, 2016 — by Troy Noonan0

If you could quit positive on most sessions, you can enjoy ongoing success as a trader.

In the last post, we looked at some examples of how we can achieve ongoing consistent profits with a one and done tradeplan. We talked about how you can still trade more, just trade a different tradeplan.  In fact, that’s a great way to go because you can gain additional benefit by adding the strength of diversification to your trading.  It still allows you to benefit with the less is more idea while being able to trade more too.  You can have your cake and eat it too.

A variation to yesterday’s theme of trading less for greater ongoing consistent profitability is to quit with the first winning trade and or a positive result within a certain window of time.  Quitting with a win and a positive result is what we call the Power of Quitting.  There are many ways to use this idea.

With a good forex daytrade plan for example, you can trade from 8:30 et until 11 or 12 noon.  You would quit as soon as you won and were profitable.  On the rare occasion that you were unable to get positive, you still quit with minimal trades, which controls drawdown and keeps it manageable.  Tomorrow will be another day.  As long as you can quit positive a majority of the time, you should be able to grow equity.  Using the backtesting techniques we teach, you can determine this before you ever risk real money.

A window of time like what is suggested above might allow for anywhere between one to three trades, possibly a fourth.  Forex daytrading plans can be very effective with this idea.  Moreover, we can take advantage of the flexibility that forex provides regarding position size and scale out 25% at three different targets while trailing the final part of the position for the occasional huge move.  We have to be mindful of spread so any target that is too small, we just ignore and exit that part of the trade at the next target.  Flexible thinking is important too.  I like to think of the market as an unruly dance partner.  So long as I can flow with its rhythm and let price action ‘speak to me,’ I can use my strategy to achieve my objective of ‘taking what the market wants to give me.’  It’s a different way of thinking but has proven to be a great way to enjoy steady, ongoing profits.

In the below example, the EURUSD 5 minute chart (a great chart to daytrade with the CPT) had a couple targets that were just too small to bother with.  The trade ended up profitable in context to the personality of that particular session.  Instead of exiting at T1 and T2, those parts came off at T3, + 11 pips.  The final 25% of the trade was able to pick up + 20 pips with the trailer.

EURUSD gave us a good example of quitting positive after a winning trade. It happened to be the first trade of the day for the US session start time, 8:30 et, and is a good example of taking what the market wants to give while being able to quit with positive results most of the time.

080716_eurusd5min

On the Friday Session, the first trade of the day didn’t come until 11:10, triggering in at 11:30.  It would have been worth the wait as it went up to hit all three targets (larger than the prior example) for another great One and Done session.

080716_eurusd2

You can trade stock charts much the same way as forex, scaling out 25% at each target and trailing the remainder.  You can use the stock chart setups to trade options.  In this example, you could daytrade weekly options.  Look for slightly in the money options using the stock entry price to guide you.  Exit at each target, going flat when the trailing stop is hit.

Another great example of a One and Done plan that is easily testable.  This is an AAPL 377 tick chart but it could be a number of other charts and symbols.  You can trade options using the stock setups for greater leverage and risk control too.

080716_aapl377

Notice the less is more theme working across the board on every example we look at.  Do we need to trade more?  Not if we want to consistently grow equity, position size and steadily increase wealth.  Why else trade if not for that?  It’s all about the tradeplan.  In training you can learn how to quickly assess a chart and whether you can be successful with the less is more approach.  By using techniques like the ‘Fast Test’ and powerful tools like the UTA, you can custom make the best tradeplans that fit your personal needs and style.

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