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By Robert Miner
There are so many tools available to us to use as part of our trading plan, becoming confused or
overwhelmed when determining exactly how to make sound trading decisions and manage
trades is not uncommon.
There are dozens of indicators. Which ones should I use? Why? How do I use them? There are
so many types of price projections a chart can be over loaded with projections every few points.
Which projections are relevant? Which are not? Let’s not get started on patterns -- from overly
complicated Elliott wave counts that change bar by bar, to a plethora of reversal patterns that
may or may not actually result in a reversal.
One of the primary keys to successful trading is to identify just a few pieces of relevant
information for any market and any time frame that can quickly identify if a market is in a
position to consider a trade. Then, determine exactly the risk involved if the trade is made.
Sounds simple doesn’t it? It is relatively simple. Especially when you understand that a market
only has so much information to give from the open, high, low and close of each bar.
Let’s take a look at a couple of strategies that should be a part of your day to day trading plan
that you can put into practice immediately.
Regardless of the market or time frame you are trading, or want to trade, understanding the
principles and concepts that drive a trading plan is a primary key to success.
The objective for any successful trade strategy is to “identify conditions with a high probability
outcome and acceptable capital exposure.”
To achieve success in the business of trading, just as in any other business, you must have an
“edge.”
The “edge” I teach in the Dynamic Trading Multimedia E-Learning Workshop (more on this later)
is to recognize when a market is in a position to complete a correction, or a trend, so you can
enter a trade
• At the end of a correction in the direction of the larger time frame trend
• Or, in the very early stages of the new trend
• Sell in the very late stages (often within one or two bars of the extreme low or high).
• And do this with acceptable capital exposure in the event the trade is not successful.
Just as a farmer must know the optimal time to plant and harvest a crop, you must know the
optimal time to buy and sell a position. Buying or selling too early or too late can result in, at
worst, unacceptable losses or, at best, not maximizing the return from a position.
As a trader, you must clearly understand the relevant information about the market position to
recognize the optimal conditions to buy or sell.
By focusing on just the limited but relevant information needed to make a high probability trade
decision, your chances of achieving consistent success improve dramatically.
Most traders use at least one momentum indicator to help identify a trade setup. If you ask
several traders “what is momentum?” or “what does a momentum indicator represent?” -- you
will probably get many different answers – When, in fact, there is only one good answer for any
“price based” indicator such as momentum.
Most indicators represent the same thing -- the rate-of-change of the price trend. All price
indicators do the following:
The first and most basic concept you need to understand is this: Momentum indicators do not
represent price trends. Momentum indicators represent momentum trends.
A momentum indicator reversal may only represent a slowing down or speeding up of the price
trend, and not necessarily a price reversal. While we trade price, identifying momentum trends
can be very helpful to identify the optimal time to trade, particularly if we use at least two time
frames of momentum cycles to identify the setup.
Every indicator or oscillator in every trading platform and charting program is a lagging indicator
because the indicator can only show the current position relative to a historical position. That
doesn’t mean a momentum indicator cannot be predictive. It can when understood within the
limitations of the data.
Let’s take a quick look at how you can use a momentum indicator for practical trade strategies
for any market and any time frame.
This chart shows SPX (S&P 500 Cash) weekly data with a momentum indicator below the price
bars. While the chart only shows a limited amount of data for clarity, the bullish and bearish
momentum reversals were usually made within 1-3 bars of the price highs and lows.
BUT -- and this is an important, often costly “but” -- Occasionally, a market will either
In both of these cases, you would get killed if the trading decision was just made on momentum
cycles.
As of the last bar on this chart, the weekly momentum is oversold, but has not made a bullish
reversal. Based on the history of this momentum indicator, a momentum bullish reversal is
usually made within 1-3 bars of when the momentum becomes oversold.
Copyright 2010, Dynamic Traders Group, Inc. – Page 4
Two Practical Strategies to Give Your Trading Plan the “Edge”
This is itself a valuable piece of information but not enough, in itself, to consider a trade action
(either to adjust stops on a short position or enter a long position). We need one more simple
piece of momentum information to be a part of a specific and objective trade strategy.
As a successful trader, you should never use just one time frame of momentum for trade
decisions. Always use at least two time frames of momentum.
The next chart is the daily S&P data (up to the same period shown on the previous weekly
chart). On May 21, a Friday, the daily momentum made a bullish reversal the same day the
weekly momentum reached the oversold zone.
In the Dynamic Trading Multimedia E-Learning Workshop I teach two completely objective and
logical entry-stop strategies that are only executed once a market is in a position to consider a
trade.
A trade will not be executed every time a setup is made because both strategies require a
market to react as expected before the trade is executed. In some cases, the setup is voided by
subsequent market activity. In every case, a trade is never executed if the initial capital
exposure is greater than the maximum allowed by the trading plan.
Most traders are familiar with Fib retracements. While many corrective highs and lows are made
at Fib retracements, most traders have not been taught the practical application -- how to
identify in advance which retracement is likely to be:
• Support
• Resistance
• Or trend reversal
How do we identify in advance which retracement is likely to be the price where a reversal is
likely?
We can very quickly identify if there is a high probability, narrow range reversal zone at, or very
near, one of the key retracement levels.
The next chart (see next page) is recent ES (S&P 500 E-Mini) 60 minute data showing the key
retracements at 50%, 61.8% and 78.6%. I know, the 38.2% retracement is not shown. You will
learn in the workshop why it is usually not a probable reversal zone and the one situation when
it is.
Included is the 78.6% retracement. This is not a typical “Fib” retracement but it is uniquely
related to the Fib series of ratios and is very important in particular situations which you will also
learn about in the workshop.
We quickly add the two key alternate price projections (commonly referred to in some software
applications as “price extensions”) and the two key external retracements.
If one or more of these key price projections is very near one or more of the retracements, we
will have identified in advance where a reversal is probable. Plus, we can eliminate those
retracements where a reversal is very unlikely.
Only the Alternate Price Projections are shown on this chart as the External Retracements so
closely overlapped them that the numbers were impossible to read.
We know in advance the 61.8% retracement is not likely to be relevant because neither the
Alternate Price Projections nor External Retracements are near it.
We know in advance that the 1105-1110 zone (which includes the 50% retracement) is the most
probable, and the 1142-1146 is the secondary. If the ES trades above 1110 without reversing, it
is likely to continue to at least 1142 before a trend reversal is made.
Copyright 2010, Dynamic Traders Group, Inc. – Page 7
Two Practical Strategies to Give Your Trading Plan the “Edge”
The next ES 60m (S&P 500 E-Mini 60-minute) chart adds more data. A reversal lasting several
days was made right at the probable reversal zone as anticipated.
Notice what else happened at the top? Remember what was discussed in the momentum
section above?
Just two bars after reaching the price target zone, momentum made a bearish reversal on a
price-momentum bearish divergence.
I teach my students to never buy or sell at a price, regardless of how many price projections
may fall at a specific retracement. I teach that once a market reaches a probable target zone,
then you use the other tools such as Dual (or Tri)-Time-Frame-Momentum Reversal strategies
to qualify the price zone and setup for objective execution and stop strategy.
What You Will Learn In The Dynamic Trading Multimedia E-Learning Workshop
This is not rocket science. I’ve taught these techniques since 1985 to all types of individuals
from major position traders to day traders. Many of my students and former students
successfully use the same approach for all types of markets and for all different time frames.
I wrote a home study trading course over 20 years ago on the trading techniques of W.D. Gann,
Elliott Wave and Dynamic Price. One of the principles Gann taught over and over was to “Use
all the tools, all the time.”
In this brief report, you learned about just two tools and a unique way to apply them to identify
high probability trade setups with acceptable capital exposure.
A complete trading plan includes “all the tools” as well as simple pattern setups, objective entry-
stop strategies and trade management through the exit strategy including a multiple unit
strategy that has the potential to dramatically increase your bottom line.
Successful speculators will tell you there is price to pay to achieve success. You will pay that
price en route to your destination to becoming truly successful in the art of building wealth.
There are dues to be paid. The market will require you to pay some of those “dues” by way of
losses. There is no way around that. However, you can limit the share of your dues which you
give to the markets.
1. Invest in your education by learning from a proven expert with a practical approach
2. Learn how to create a trading plan
3. Learn how to identify high probability trade setups with acceptable capital exposure
4. Follow your trading plan with proven trade strategies
The Dynamic Trading Multimedia E-Learning Workshop is not a quick study. It will take you
about 30-40 hours to complete the entire course. You can study it at your own speed and review
sections at any time. When you finish the course, you will be well grounded in a complete
trading plan from entry to exit for any market and any time frame whether futures, stocks, ETFs
or Forex.
The workshop is presented in relatively short sections that build upon each other with video,
recorded bar-by-bar examples, short quizzes and printed supporting material. I developed this
course with accelerated learning techniques to be the most effective and practical learning
experience possible. I have been teaching trade strategies for over 24 years and this workshop
is the highlight of the educational products I have developed.
Then, I will make the Dynamic Trading Multimedia E-Learning Workshop available on June 22
for a limited time to Gann Global members only. Here’s what you will receive in this exclusive
package:
We incorporated the latest accelerated learning technologies including what are called "multiple
levels of intelligence learning techniques". This is just a fancy term for different people learn in
different ways. When the material is presented in each of the key learning modalities, it will be
the best learning experience possible for all learners.
The complete course will take you about 30-40 hours. It should take you three to six weeks to
complete, depending on how much time you want to commit each week. There are six chapters
with five to eight modules in each chapter. We do not recommend you do more than two of the
six chapters per week for an optimal learning experience.
Bonus #2: A One Month Subscription to the DT Daily Futures Report and DT Daily Forex
Report ($98 value)
These reports are much more than just technical analysis and
advisory reports. They are also an ongoing trading education that
would cost many, many times the subscription price for trading
workshops and the trading schools. Each daily report includes:
Bonus #3: A One Month Subscription to the DT Daily Stock and ETF Report ($49 value)
This report is different from the Futures and Forex daily reports. The DT Daily
Stock & ETF report is not for short term traders who follow the intraday data
during the day. This report is for intermediate to long term traders and investors
who are interested in ETF and stock positions that last several weeks to months.
Your subscription includes:
I've been in the business of trading, educating traders and publishing an advisory/ trade/ education
report for over 24 years. As you are probably aware, this industry is rife with hucksters selling
shoddy material for ridiculous amounts of money. I've seen hundreds of them come and go over the
past two decades. I've maintained a commitment to provide quality education at a reasonable price
for over 20 years. I've educated traders in over 30 countries and have many traders who have been
with me for 10 - 15 years and more who year after year continue to learn from our educational
products and reports.
Every minute of this workshop was designed from the perspective of the learner. While developing
the workshop, I constantly asked the question, what is the core material that needs to be learned
and how can it best be taught so each student will thoroughly understand it and learn how to apply it,
regardless of the market or time frame they want to trade.
I know you will have an extraordinary learning experience and take your trading results to another
level once you have taken the time to study all of this workshop material. I look forward to hearing
about your success just as I've heard from so many of our students over the years.
Note: We will announce the price of this package shortly. Thank you for your patience.
Regards,
Robert Miner
Dynamic Traders Group, Inc.
Steamboat Springs, Co.
Copyright 2010, Dynamic Traders Group, Inc. – Page 13