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ELITE EMINI
TRADING COLLEGE
WEEK #4
EMINI
STRATEGY #3
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 #3
REVIEW
Homework Assignment
SIMPLICITY
EQUALS
CONSISTENCY
MY GOAL IS TO TEACH
YOU HOW TO TRADE
WITH THE
SPECIALISTS EDGE
EMINI
STRATEGY #3
Strategy #3 Highlights
Strategy #3 Indicators
1. 50-period Simple Moving Average (sma)
STANDARD
VERSION
All Members (Beginners Advanced)
Small Pullback Intraday Traders
Standard
Strategy #3 Rules - Buys
CONCEPT #1 TREND:
1. Price must be above the 50-period sma - AND All 3 Bollinger Bands must be headed in an upward direction.
CONCEPT #2 PULLBACK:
2. Look to buy when an ENTIRE price bar closes below the lowest
Bollinger Band. This is called the Island Bar. (SET-UP BAR)
3. Enter long position on the first confirmation of price trading above
the previous bars high. (If the B.B. trend changes to down, without a
confirmation entry, then negate the trade).
4. Place your protective stop below the lowest low of the pullback.
5. Sell (exit) when price closes above the highest BB.
STEP BY STEP
Step 1
Price must be above the 50-period sma
- AND All 3 Bollinger Bands must be headed in
an upward direction.
Step 2
Look to buy when an ENTIRE price
bar closes below the lowest Bollinger
Band. This is called the Island Bar.
(SET-UP BAR)
Step 3
Enter long position on the first
confirmation of price trading above the
previous bars high.
(If the trend changes to down, without a
confirmation entry, then negate the trade).
ENTER
Step 4
Place your protective stop
point below the
lowest low of the pullback.
ENTER
ENTER
STOP
Step 5
Sell (exit) when price closes above the
highest Bollinger Band.
ENTER
STOP
ENTER
STOP
ENTER
STOP
ENTER
STOP
+2.50 pts.
EXIT
ENTER
STOP
Standard
Strategy #3 Rules - Sells
CONCEPT #1 TREND:
1. Price must be below the 50-period sma - AND All 3 Bollinger Bands must be headed in a downward direction.
CONCEPT #2 PULLBACK:
2. Look to sell when an ENTIRE price bar closes above the highest
Bollinger Band. This is called the Island Bar. (SET-UP BAR)
3. Enter short position on the first confirmation of price trading
below the previous bars low. (If the B.B. trend changes to up,
without a confirmation entry, then negate the trade).
4. Place your protective stop above the highest high of the pullback.
5. Buy (cover) when price closes below the lowest BB.
STEP BY STEP
Step 1
Price must be below the 50-period sma
- AND All 3 Bollinger Bands must be headed in
an downward direction.
Step 2
Look to sell when an ENTIRE price
bar closes above the highest Bollinger
Band. This is called the Island Bar.
(SET-UP BAR)
Step 3
Enter short position on the first
confirmation of price trading below the
previous bars low.
(If the trend changes to up, without a
confirmation entry, then negate the trade).
ENTER
Step 4
Place your protective stop
point above the
highest high of the pullback.
ENTER
STOP
ENTER
Step 5
Buy (cover) when price closes below the
lowest Bollinger Band.
STOP
ENTER
STOP
ENTER
STOP
ENTER
STOP
ENTER
+2.75 pts.
STOP
ENTER
EXIT
RECENT
STRATEGY #2
TRADE SIGNALS
+.75 pts.
EXIT
1357.50
ENTER
1356.75
STOP
STOP
ENTER
1375.25
+5.00 pts.
EXIT
1370.25
EXIT
1356.00
+22.50 pts.
STOP
ENTER
1333.50
EXIT
1383.25
+2.25 pts.
+1.25 pts.
EXIT
1381.25
ENTER
1381.00
ENTER
1380.00
STOP
STOP
+1.75 pts.
EXIT
1389.50
ENTER
1387.75
STOP
POINTS TO REMEMBER
Strategy #3 can be traded in any time frame,
but the best signals are found in
15-minute charts or less.
EXIT
1380.75
+16.50 pts.
ENTER
1364.25
ENTER?
STOP
POINTS TO REMEMBER
Once all the requirements have been met
and youve entered into the trade,
the direction of the Bollinger Bands
does NOT matter.
+2.00 pts.
STOP
ENTER
1312.50
EXIT
1310.50
POINTS TO REMEMBER
You have the option to move your stop to
unchanged should price touch the
mid Bollinger Band.
If trading multiple lots,
exit half of your position at this point
and move your stop to break-even for balance
+1.00 pts.
STOP
ENTER
1312.50
STOP
+2.00 pts.
EXIT
1310.50
EXIT
1311.50
Strategy #3 Highlights
HOMEWORK
ASSIGNMENT
IDENTIFY RECENT
STRATEGY #3 TRADE
Any Time Frame / Any Direction
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 #5
STRATEGY #4
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.