Day Trading Using the MEJT System: A proven approach for trading the S&P 500 Index
()
About this ebook
Jeffrey Tennant explains what the MEJT System can and cannot do, describes the rules of the system, shows how to system on a day-to-day basis with a series of worked examples, and provides a backtest from a random historical week to show how the approach would have worked in the past.
If you day trade the S&P 500 Index this book may provide you with the additional tool you need to improve your profitability.
Jeffrey Tennant posts a daily video of MEJT System analysis on his YouTube channel: http://tinyurl.com/jt-mejt
Jeffrey Tennant
Jeffrey S. Tennant, MD is an individual investor. For over eight years he has been giving daily online analysis (most recently at www.timeandcycles.com) of the Standard and Poor's 500 Index. He has relied heavily on the MEJT System to make his predictions, and he wrote this book because of the large number of requests he received from traders who wished to learn his methodology. Jeffrey Tennant posts a daily video of MEJT System analysis on his YouTube channel: http://tinyurl.com/jt-mejt In addition to performing technical analysis of the stock market, which he has done for over 30 years, his lifelong interests include ophthalmology, trivia and chess. He and his wife, Noreen, have four grown children: David, Hilary, Andrew and Bradley.
Related to Day Trading Using the MEJT System
Related ebooks
The MEJT System: A New Tool for Day Trading the S&P 500 Index Rating: 4 out of 5 stars4/5Morning Trading Rating: 3 out of 5 stars3/5The Trading Playbook: Two rule-based plans for day trading and swing trading Rating: 4 out of 5 stars4/5Portfolio of Trading Systems: Path of Least Resistance to Consistent Profitability Rating: 0 out of 5 stars0 ratingsMARKET TIMING FOR THE INVESTOR: Picking Market Tops and Bottoms with Technical Analysis Rating: 2 out of 5 stars2/5Trading Summit: A Modern Look to Trading Strategies and Methods Rating: 0 out of 5 stars0 ratingsPower Trading Rating: 0 out of 5 stars0 ratingsSimple Strategies in Complex Financial Markets Rating: 0 out of 5 stars0 ratingsMastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups Rating: 0 out of 5 stars0 ratingsAutomated Stock Trading Systems: A Systematic Approach for Traders to Make Money in Bull, Bear and Sideways Rating: 5 out of 5 stars5/5Wouldn't You Like to Know Where the Stock Market is Heading? Rating: 0 out of 5 stars0 ratingsForex Direction Strategy Rating: 0 out of 5 stars0 ratingsTrading Systems 2nd edition: A new approach to system development and portfolio optimisation Rating: 5 out of 5 stars5/5The Green Line: How to Swing Trade the Bottom of Any Stock Market Correction: Swing Trading Books Rating: 1 out of 5 stars1/5Developing Profitable Trading Strategies - A Beginner’s Guide to Backtesting using Microsoft Excel Rating: 0 out of 5 stars0 ratingsTradingview Guide: Tutorial To Save You a Subscription (2023) Rating: 5 out of 5 stars5/55 Minutes a Week Winning Strategies: Trading SPY in Bull & Bear Market Rating: 3 out of 5 stars3/5Winning spread betting strategies: How to make money in the medium term in up, down and sideways markets Rating: 0 out of 5 stars0 ratingsTrading Rules:: Top 10 Day Trading Most Effective Rules Rating: 4 out of 5 stars4/5FOREX Perfection In Manual, Automated And Predictive Trading Rating: 0 out of 5 stars0 ratingsPervert Trading: Advanced Candlestick Analysis Rating: 2 out of 5 stars2/5The Ultimate Forex Trading System-Unbeatable Strategy to Place 92% Winning Trades Rating: 4 out of 5 stars4/5Simple Profits from Swing Trading: The UndergroundTrader Swing Trading System Explained Rating: 0 out of 5 stars0 ratingsDesigning Stock Market Trading Systems: With and without soft computing Rating: 0 out of 5 stars0 ratingsA Practical Guide to ETF Trading Systems: A systematic approach to trading exchange-traded funds Rating: 5 out of 5 stars5/5The New High: New Low Index: Stock Market’s Best Leading Indicator Rating: 4 out of 5 stars4/5How to Trade the Turn Rating: 0 out of 5 stars0 ratingsThe Acquired Skill of Trading: A Definitive Trading System For the Intermediate and Pro Level Trader Rating: 4 out of 5 stars4/5
Personal Finance For You
Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness Rating: 4 out of 5 stars4/5Summary of The 48 Laws of Power by Robert Greene Rating: 4 out of 5 stars4/5The Millionaire Next Door Rating: 4 out of 5 stars4/5Rich Dad Poor Dad Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Summary of I Will Teach You To Be Rich: by Ramit Sethi | Includes Analysis Rating: 4 out of 5 stars4/5We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rating: 4 out of 5 stars4/5Investing For Dummies Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams Rating: 5 out of 5 stars5/5Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5A Happy Pocket Full of Money, Expanded Study Edition: Infinite Wealth and Abundance in the Here and Now Rating: 5 out of 5 stars5/5Get the Hell Out of Debt: The Proven 3-Phase Method That Will Radically Shift Your Relationship to Money Rating: 5 out of 5 stars5/5The Money Answer Book Rating: 4 out of 5 stars4/5Legal Loopholes: Credit Repair Tactics Exposed Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5
Reviews for Day Trading Using the MEJT System
0 ratings0 reviews
Book preview
Day Trading Using the MEJT System - Jeffrey Tennant
Publishing details
HARRIMAN HOUSE LTD
3A Penns Road
Petersfield
Hampshire
GU32 2EW
GREAT BRITAIN
Tel: +44 (0)1730 233870
Email: enquiries@harriman-house.com
Website: www.harriman-house.com
First published in Great Britain in 2013
Copyright © Jeffrey Tennant
The right of Jeffrey Tennant to be identified as the author has been asserted in accordance with the Copyright, Design and Patents Act 1988.
ISBN: 978-0-85719-289-9
British Library Cataloguing in Publication Data
A CIP catalogue record for this book can be obtained from the British Library.
All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published without the prior written consent of the Publisher.
No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this book can be accepted by the Publisher, by the Author, or by the employer of the Author.
About the author
Jeffrey S. Tennant, M.D., is an individual investor. Since 2002 he has been giving daily online analysis (most recently at www.timeandcycles.com) of the S&P 500 Index. He has relied heavily on the MEJT system to make his predictions, and he wrote his first book The MEJT System: A New Tool for Day Trading the S&P 500 Index because of the large number of requests he received from traders who wished to learn his methodology.
In addition to performing technical analysis of the stock market, which he has done for over 30 years, his lifelong interests include ophthalmology, trivia and chess. He and his wife, Noreen, have four grown children: David, Hilary, Andrew and Bradley.
Introduction
Allow me to introduce MEJT: It is chat room shorthand. Me stands for ‘me’; J and T are my initials.
Allow me to introduce the MEJT system: It is a methodology I developed in the summer of 2002 to help me day trade the S&P 500 index. It is based on the principle that market action during certain times of the day can help predict future price action.
And allow me to introduce the track record of the MEJT system: It works.
Since 2002, in various online forums, I have posted predictions – based in large part on the system – before nearly every trading day. Most recently I have made my calls on both www.timeandcycles.com (a subscription-based service on which I also frequently comment intra-day) and on financial-trader-online.tradersdaytrading.com (a free site, on which I post after hours).
Since the autumn of 2005 I have kept track of all the targets that the system says are required to print. As of the end of 2012, a period of over 1300 trading days, there are only 17 days in which the targets remain unfilled. The track record for what I call ultimate signals is even better. There are only two of its targets that remain unfilled.
However, the system is not a panacea. The targets do not always fill when one would like them to, and a large move in an undesired direction can intervene before a target