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ELITE EMINI
TRADING COLLEGE
WEEK #8
EMINI
STRATEGY #7
DISCLAIMER
Hypothetical or simulated performance results have
certain inherent limitations unlike actual performance
record: simulated results do no not represent actual
trading. Also, since the trades have not actually been
executed, the results may have under- or
overcompensated of the impact, if any, of certain market
factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
presentation is being made that any account will or is
likely to achieve profits or losses similar to those
predicted or shown.
WEEK #7
REVIEW
Homework Assignment
SIMPLICITY
EQUALS
CONSISTENCY
MY GOAL IS TO TEACH
YOU HOW TO TRADE
WITH THE
SPECIALISTS EDGE
EMINI
STRATEGY #7
Strategy #7 Highlights
STRATEGY #7
INDICATORS
50-period Simple Moving Average (sma)
STANDARD
VERSION
All Members (Beginners Advanced)
Non-Day Traders Looking To Hold Positions Overnight
Traders With Enough Capital
WHY WE ENTER
USING THE
OVERNIGHT SESSION
+2.00 pts.
EXIT
ENTER
+14.50 pts.
EXIT
ENTER
STRATEGY #7
STEP-BY-STEP
Step 1
Price must be above the 50-period sma.
50 sma
Step 2
Look for a price bar which has closed lower
than the close of 2 days prior. This is the
SET UP BAR.
1
2
3
1
2
3
1
2
3
Steps 3 & 4
Enter to buy in the Overnight Session
when price trades 1 tick above the
SET UP bars high.
If entry is not made in Overnight Session,
then use the next days Regular Session
for entry.
OVERNIGHT
SESSION
1
2
3
Step 5
Place protective stop below the
lowest short term low.
OVERNIGHT
SESSION
STOP
STOP
Step 6
Sell (exit) when price closes ABOVE
the most recent short term high.
+8.00 pts.
EXIT
OVERNIGHT
SESSION
STOP
+42.75 pts.
EXIT
1382.50
OS ENTRY
1339.75
STOP
+42.75 pts.
EXIT
1382.50
STOPPED
OUT
(-14 pts.)
OS ENTRY
1339.75
STOP
+19.25 pts.
+42.75 pts.
EXIT
1389.00
EXIT
1382.50
STOPPED
OUT
(-14 pts.)
STOP
OS ENTRY
1339.75
STOP
OS ENTRY
1369.75
STRATEGY #7
SELL RULES
STOP
OS ENTRY
1301.25
+0.00 pts.
STOP
OS ENTRY
1301.25
+0.00 pts.
STOP
OS ENTRY
1315.00
STOP
OS ENTRY
1301.25
EXIT
1267.25
+0.00 pts.
+47.75 pts.
STRATEGY #7
CONSERVATIVE
VERSION
CONSERVATIVE
VERSION
All Members (Beginners Advanced)
Traders Holding Overnight Positions In A Range Market
Traders Looking For Less Risk
STRATEGY #7
CONSERVATIVE
INDICATORS
50-period Simple Moving Average (sma)
STRATEGY #7
CONSERVATIVE
INDICATORS
50-period Simple Moving Average (sma)
3-period Simple Moving Average (sma)
3 sma
1
2
3 sma
3 sma
EXIT
3 sma
EXIT
EXIT
EXIT
POINTS TO
REMEMBER!
Strategy #7
Conservative Version Works
Better In
Non Trending Markets
Strategy #7
Conservative Version
Will Produce Less Trades
Than The Regular Version
Strategy #7
Conservative Version Gains
Will Be Less
Draw
Downs Will Be Less
STRATEGY #7 REVIEW
HOMEWORK
ASSIGNMENT
IDENTIFY RECENT
STRATEGY #7 TRADE
CLUE The Trade Was Initiated This Past Week
1. Buy or Sell?
2. Identify Price of Entry, Stop Placement, and Exit Price.
3. Profit or Loss?
MY GOAL IS TO TEACH
YOU HOW TO TRADE
WITH THE
SPECIALISTS EDGE
ELITE EMINI
TRADING COLLEGE
WEEK #9
ADVANCED TRADE
MANAGEMENT
QUESTIONS
stevenprimo@specialisttrading.com
brettm@specialisttrading.com
1-310-844-7220
DISCLAIMER
Hypothetical or simulated performance results have
certain inherent limitations unlike actual performance
record: simulated results do no not represent actual
trading. Also, since the trades have not actually been
executed, the results may have under- or
overcompensated of the impact, if any, of certain market
factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
presentation is being made that any account will or is
likely to achieve profits or losses similar to those
predicted or shown.