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29 Unconventional Things Sami Abusaad Will Teach You at His Next LIVE Mentorship
We just opened registration for Sami Abusaad’s next LIVE Mentorship program held October 21 – 25, 2019 in New York City.This is your chance to:Sit next to a top professional trader as he risks his own capital in front of your eyesLearn 100+ patterns, tips, tricks, and hacks for making money in all market environmentsGet his top trade ideas in real time so you can make money too!Sami’s June 2019 Mentorship in Chicago was a smash hit.Here are some comments from attendees:I made $8,890 on PVTL puts that only cost me $500 to buy. I also made $2,803 on GME puts that cost $500. This paid for the program and then some! Thank you Sami! -George from ChicagoIt was a very interesting week, being with other traders. Although a lot of material was covered, Sami was very thorough and helpful explaining all the topics. -Dave from OhioMy favorite thing about the Mentorship was sitting next to Sami and seeing how he trades.I learned so much that I did not want the experience to end! -Marlene from ChicagoIt was great experience. I truly enjoyed sitting next to a pro trader and copying his method. My favorite thing about the Mentorship was the Earnings Plays. -Mustafa from IndianapolisI always wondered how Sami scans for stocks. When he showed us how he scans 1500 stock charts in 2 hours without special, high-tech software, I was convinced that he is a machine. -Edna from ChicagoAside from the awesome material you learn, as traders we’re always alone in front of a screen. It was an amazing experience to be in a room full of traders with the same goals and bouncing ideas off each other. -Jason from Los AngelesIn fact, these events are so fun, informative, and lucrative (yes, some attendees make a ton of money) that traders have traveled from Europe, South America, and the Middle East multiple times to work with Sami.Here’s a small sampling of what you’ll learn how to do. This is on top of trading live with Sami, where he shares his trades and thoughts on the action:29. Profit from a specific class of news-driven gap that tell you a certain stock is “The One”Yes, the news can tell you which stocks are the chosen ones.28. Read the Level II screen like a pro so you can spot a favorable imbalance that works in your favorLevel II is useless most of the time… but there are times when it gives you an advantage.27. React exactly the right way when a swing trade gaps big in your favorYou’re long AAPL and it gaps up big – do you know exactly what do to next?26. Understand the 2 times to break trade management rulesRules are made to broken — but only some of the time! Find out when Sami does it…25. See why volume is underrated, except in two very specific situationsSami doesn’t care about volume, except in very rare situations.24. Find stocks that will gap up in the direction of the trend after an earnings reportYes, you can trade earnings. But only if you ignore the headlines and obsess over the chart.23. See what a picture perfect pre-earnings short looks likeDo you know exactly when to bet against a stock pre-earnings.22. Understand when to buy every dip like a darn foolIt may feel wrong to buy the dip – but sometimes it makes sense.21. Learn the weird reason Sami uses PowerPoint to create his trading planPowerPoint has a unique function that can help “imprint” your trading plan into your brain.20. Ignore your weaknesses and focus on your strengthsThere are only so many things you can fix. But instead, forget about them and work on your strengths.19. Know the only 4 ways stocks go climactic, and why you need to analyze them in two time framesWhen stocks make big moves, you must know exactly how to break them down so you can jump on – or off.18. Understand the exact profit level you need to hit before trading bigger sizeThere is a simple formula that will tell you when to scale up.17. Take a lesson from Wal-Mart — and completely change how you track your tradesAre you collecting your trade data the right way? You should do it the way Wal-Mart does.16. See the ‘hidden’ stage of price cycles that Sami uses for 50% of his swing tradesWe’ll let you in on a secret: gaps are HUGE to Sami. Do you know exactly how to rate, analyze, and trade them?15. Spot the 1 feature of an igniting gap that “tips you off” to something biggerOnce in a while, a gap signals a monumental move. Do you know how to spot it?14. Scan for high-probability earnings plays the same “old school” way Sami does itSami is 100% pro technology – but sometimes it pays to go old school.13. Skyrocket your productivity with just 4 hot keys, while eliminating order entry mistakesIf you are trading with a mouse, you are literally being left behind! You must become a master of your keyboard hot keys!12. See the special function Sami assigns to the ‘Escape’ keyBelieve it or not, the ‘Escape’ key is the most important one on Sami’s keyboard11. Learn how Sami alters his exit parameters based upon a stock’s liquidityHe doesn’t just hit sell — maximizing profit requires a little finesse!10. Transform a pattern into an actual winning strategy (these are 2 very different things)Anyone can read a chart? Can you turn one into cash?9. Understand Sami’s “Bleed” pattern, which is his #1 short-term trading setupIf it bleeds… you can short it. This is how Sami does it.8. Use a special type of software (It’s 100% free) to review your charts after your trading dayEasily the most efficient way to track your progress with charts.7. Learn the most powerful setup for a volatile market — a setup that works especially well on higher-priced stocks like AMZN and GOOGLDo you like those high-priced tech stocks? Sami has a special recipe for trading them in
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Continue Reading -->How A Trip to Chicago Can Revolutionize Your Trading
From June 3 – 7, 2019, Sami Abusaad and 15 lucky traders are headed to Chicago, Illinois for his latest Elite 5-Day Private Mentorship.Click here to watch our webinar about the event.It’s a full week of live trading and education with one of the best in the business. If you’re ready to commit to leveling up your P&L by working directly with Sami, this is the path for you. Here’s 8 reasons to sign up today.8. You Will Be Free From the Prison of Conventional Trading ‘Wisdom’Sami will reveal some truly unconventional truths that will revolutionize your trading. Here is a tiny selection of the counterintuitive lessons you will learn:Take a lesson from Wal-Mart — and completely change how you track your tradesUnderstand why your trading is “in a mess,” why you’re not aware of it, and why there is nothing wrong with it (because it can be fixed)Copy the truly annoying thing Sami does that gives him the mindset for trading successFind out why most traders actually don’t want to be profitable — and how YOU can actually get on the road to success7. People Come to Train With Sami from All Around the World… and They Usually Come More Than OncePlus, attendees travel from all over the world to train with Sami. They’ve come from Israel, Germany, Colombia, Argentina, Canada, and beyond. One trader even flew from Australia – that’s over 8,000 miles! In fact, we already have a repeat attendee for the Chicago event!6. It Can Pay for Itself While You’re ThereDuring the event, you can expect to feel greater confidence in your ability to make money. Many of the attendees have made back their Mentorship purchase price back… WHILE THEY WERE AT THE EVENT! Obviously, there are no guarantees, but with Sami at your side, anything is possible.5. Chicago Is the Perfect Destination Chicago is easy to get to from anywhere in the United States, and it’s major international travel hub. It’s also a beautiful place to visit in June. The Windy City comes alive with mid-70 degree weather — no surprise after suffering through a harsh winter. On your off-time, you can visit the Bean, take in the views from Willis Tower, and spend your trading winnings shopping on Michigan Avenue. Once you’ve worked up an appetite, you’ll want to grab a legendary Chicago-style pizza pie, a Chicago Dog, or an Italian Beef Sandwich. 4. Arm Yourself With 100+ Powerful Trading WeaponsTake in invaluable information on how you can use Sami’s lessons to improve your trading technique. Once you do that, you’ll be shocked to see how fast your P&L can grow. Build your confidence as a trader, knowing that Sami just handed you the skills you need to up your P&L.3. You Will Have Sami’s Full Attention – And Trading Power – For A WeekThere’s nothing like watching a skilled trader make real money in person, right in front of your eyes. And that’s what Sami plans on doing. You’re going to see him trade live, without a safety net. You can even piggyback on the ideas he’s trading. And best of all, you can ask him questions while the action breaks.2. Gain Control Over Your Financial FutureLearn exactly how Sami traded his way to financial freedom after an unsatisfying career as a Certified Public Accountant. You get all the key elements of Sami’s system, honed over his 12 years of professional trading. You don’t necessarily have to want to go pro like Sami — but if you put in the work, it may be an option for you.1. You Get 3 Major Bonuses That Accelerate Your Progress and Help You Get to Know SamiWhen you sign up, we’ll add 3 special bonuses to your order:($795 Value): BONUS 1: TPM® Home Study($900 Value): BONUS 2: 6 months Strategic Day Trader Room($1,770 Value): BONUS 3: 6 months Strategic Day Trader Room CoachingThis is a total value of $3,465 — included absolutely FREE. *If you have already taken TPM®, we will substitute another course. And if you are already a Strategic Day Trader member, we will add 6 months to your membership. And if you’re not interested in paying right away, you can contact our friendly support team to discuss PayPal financing. For assistance, call us at 1-888-998-3548 or click here to email us. If you’re ready to sign up, just click the orange button below: 00 Days 00 Hours 00 Minutes 00 Seconds Left To Get an Extra $1,000 Off Click to Learn About the Mentorship
Continue Reading -->Sami Abusaad Mentorship Chicago Webinar Replay
Please watch Sami Abusaad’s webinar replay, then scroll down to learn about his latest LIVE Mentorship Program. About Sami’s Next MentorshipJoin Sami in Chicago, Illinois on June 3 – 7 for 5 full day of live, interactive training.Yes, Sami is coming to the Windy City to teach 15 traders the prized tips, tactics, techniques, and hacks that propelled his P&L into the stratosphere.And yes, you get to see Sami Trade LIVE, in-person, without a safety net.You can even trade your own account with Sami by your side. Some past attendees have even earned back their entire purchase price (and then some) in the 5 days. That’s what we want you to achieve too!**no guarantees, obviouslyHow to Tell If the Mentorship Is Right For YouA 5-Day Live Mentorship Program is clearly not for all traders. Our team can help you figure out if it makes sense for your personal situation.If you would like a friendly one-on-one consultation with a Trading Counselor, please click on the grey bar below to open a submission form. Our team can answer all your questions, including financing through Paypal.Our team can answer Click Here to Request a FREE, No Pressure Consultation Loading… What’s Included5 full days of LIVE trading and education with Director of Education Sami Abusaad Held in Chicago Illinois, June 3 – 7, 2019 (5 full days of action!)Earn while you learn from a top pro trader, in real market conditionsGet Sami’s 18 personal trading PDFs & presentations, and 5 spreadsheets covering everything from game planning to pre-trade checklists to risk managementLearn the psychology of a top pro trader that blazed in his own path by thinking differently($795 Value): BONUS 1: TPM® Home Study($1,770 Value): BONUS 2: 6 months Strategic Day Trader Room($900 Value): BONUS 3: 6 months Strategic Day Trader Room Coaching Click for More Info ==>
Continue Reading -->Scott Redler Path to Profits Webinar Replay
ATTENTION: The special webinar offer has concluded. If you have any questions, call 1-888-998-3548 or click here to email us. In our latest webinar, Chief Strategic Offer Scott Redler introduces you to his all-new trading system ‘Path to Profits.’ 00 Days 00 Hours 00 Minutes 00 Seconds This deal has expired. Please call 1-888-998-3548 or email customerservice@t3live.com if you have any questions. Sign up by midnight to claim $593 in special bonuses (more details below) Join Path to Profits ==> 00 Days 00 Hours 00 Minutes 00 Seconds This deal has expired. Please call 1-888-998-3548 or email customerservice@t3live.com if you have any questions. Join Path to Profits ==> Join Scott’s Path to Profits program tonight for Just $195 and get all this:$195 Value: Path to Profits Video Training Program-2 hours of on-demand video, broken up into 7 modules covering Scott’s system -7 PDF’s totaling 179 pages-Learn Scott’s unique system for trading stocks and ETF’s, and for quickly understanding the indices-A new lease on your trading, especially if you’re struggling-Some major bonuses that we will discuss in just a minute Path to Profits Curriculum: 1) Welcome to the Program: Learn Scott’s trading philosophy2) Moving Averages for Rapid Trend Analysis: See price action in a new, logical way3) Turning Chart Patterns Into Potential Profits: Put patterns to work in the real world 4) The Red Dog Reversal: Scott’s #1 reversal pattern for new trend detection5) ‘H’ Sell Setup: Scott’s #1 bearish strategy6) Professional Trade Management With the Tier System: Manage active swing trades 7) Putting It All Together With Active Trading Sequences: Combine Scott’s concepts and see the market in a whole new light Get in before midnight ET on 3/13 and get these 3 bonuses valued at $593:(Bonus #1) $495 Value: 2019 Market Outlook Report + 3 Bonus Reports (ONLY GOOD BEFORE THE CLOCK RUNS DOWN)-100 page special report with Scott’s top stock picks for 2019-Even more trading lessons and case studies-3 bonus reports delivered each quarter (Bonus #2) $49 Value: Art of the First Day IPO Trading Method Video Training (ONLY GOOD BEFORE THE CLOCK RUNS DOWN)-Scott’s method for trading hot IPO’s-What you’ll need to trade Uber, Lyft, Slack, Palantir, Pinterest, Levi Strauss when they come public-Benefit from a hot IPO market without having to get IPO shares like Wall Street insiders(Bonus #3) $49 Value: Earnings Power Pivots Method (ONLY GOOD BEFORE THE CLOCK RUNS DOWN)-Scott’s method for trading stocks after earnings-Bypass the risk of taking stocks into earnings reports to optimize your risk-reward-Get numberous case studies to see Scott’s method playing out 00 Days 00 Hours 00 Minutes 00 Seconds This deal has expired. Please call 1-888-998-3548 or email customerservice@t3live.com if you have any questions. Join Path to Profits ==> What They’re Tweeting About ScottThese Tweets were sent to Scott from members (names blocked out for privacy reasons) of the Redler All-Access program.These Tweets are intended to show you how Scott helps traders make money. Path to Profits teaches you the system behind these successes.The preceding testimonials are made by individual subscribers to Scott Redler’s services through T3 Live. The experience of these individuals may not be representative of the experience of other subscribers, like yourself. In addition, the aforementioned testimonials do not guarantee future success by using such services. No consideration was paid to the individuals that submitted these testimonials. 00 Days 00 Hours 00 Minutes 00 Seconds This deal has expired. Please call 1-888-998-3548 or email customerservice@t3live.com if you have any questions. Join Scott’s Path to Profits program tonight for Just $195 and get all this:$195 Value: Path to Profits Video Training Program-2 hours of on-demand video, broken up into 7 modules covering Scott’s system -7 PDF’s totaling 179 pages-Learn Scott’s unique system for trading stocks and ETF’s, and for quickly understanding the market-A new lease on your trading, especially if you’re struggling-3 major bonuses valued at $593 if you sign up before the clock runs down Get in before midnight ET on 3/13 and get these 3 bonuses valued at $593:(Bonus #1) $495 Value: 2019 Market Outlook Report + 3 Bonus Reports(Bonus #2) $49 Value: Art of the First Day IPO Trading Method Video Training (Bonus #3) $49 Value: Earnings Power Pivots Method Total Value is $788. You’re in for $195! Join Path to Profits ==>
Continue Reading -->9 Reason to Accept This $147 Bonus
Time is running out on this special webinar offer for new subscribers only… 00 Days 00 Hours 00 Minutes 00 Seconds This Offer Is Expired! If you have any questions, call 1-888-998-3548. Is today the best day ever to join Redler All-Access? It might be… here’s 9 reasons why: 9. We take $34 off your first month 8. You receive 30 days of Scott’s Morning Note newsletter with detailed coverage of 25-35 stocks, ETF’s indices, and more 7. You watch the Morning Call video 4X per week for a pro trader’s look at the day ahead 6. You also get the Daily Recap video 4X per week so you have the inside scoop on what’s happening in the market 5. We’re including Scott’s private Twitter Feed for real-time updates 4. You start every trading day with Scott’s complete game plan, and the specific trade opportunities he’s watching 3. Volatility is up and the market is growing more unpredictable by the day – now is the time to get professional, level-headed guidance 2. Did you we mention you save $34? 1. $147 Value Bonus: You get 30 days of Benzinga Pro – the industry leading market news/intelligence system (new bonus we have NEVER offered) That’s right. You receive: $129 Value: 30 days of Redler All-Access$147 Value Bonus: 30 days of Benzinga Pro$276 Total Value But you’re in for just $95. The clock is ticking. The deal ends at midnight. Click Here to Learn More ==> Here’s a suggestion: set a personal profit goal for the next month. Say, $10,000. If Scott’s analysis isn’t at least pushing you in the right direction, just cancel with zero hassles. (obviously, we can’t guarantee any result) And remember, this deal ends at midnight. The $34 discount AND the $147 discount disappear. So if you want to see if Scott’s as good as we think he is, this is it. Click Here to Learn More ==> The clock is ticking on this offer… 00 Days 00 Hours 00 Minutes 00 Seconds This Offer Is Expired! If you have any questions, call 1-888-998-3548. Get the Discount & Bonus Now ==>
Continue Reading -->BONUS! Today’s Redler All-Access Newsletter & Morning Call Video (plus 90% discount…)
As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we’ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we’ll deal with it. Today, we’ll see how much of today’s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We’ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We’ll see how much of today’s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ’s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let’s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM’s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren’t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday’s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It’s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It’s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8/21/50/100/200 day. Some are worse than others. But we do get trades based on the setup and open. Today’s big gap open isn’t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They’ve come a long way down, so shorting too early could hurt. But they are also so broken that it’s hard to buy strength. We’ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn’t special. Barron’s says it’s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron’s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there’s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron’s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11/19. Then it hit a low of $325.55 Friday. It’s just a trade like everything else now. Pivot resistance
Continue Reading -->Chef Scott Redler Shares His Secret Turkey Recipe
Family + friends + food + football + fitness (say that 10 times quick!) makes Thanksgiving one of my favorite holidays. And believe it or not, I’m pretty handy in the kitchen. I cook like I trade, and I trade like I cook. I keep things simple, and I go with what works. I’ve been using this turkey recipe since my parents moved to Florida 14 years ago, and it’s what I’ll be serving my family on Thursday afternoon. Ingredients List Turkey 3-4 long celery sticks 2 sticks of butter 2 oranges 3-4 lemons 2 sticks of butter 4 whole onions 3 big hunks of garlic Salt Pepper Paprika Ms. Dash seasoning 1 can of pineapples 1 jar of orange or apricot jam The quantity of ingredients depends on the size of your turkey. Just scale up or down as you see fit. We usually get a frozen 20-pounder. And oh yeah — make sure you have a quality knife! It will make your life a lot easier. I’ll take the bird out of the freezer Monday morning so it will be defrosted by Wednesday evening, when I do my prep work. You know me. Whether I’m trading, running, or cooking, I never show up for battle unprepared. If you start getting things ready before Thanksgiving, you’ll get better results with less stress on Thanksgiving… just like in trading! I’ll dice up 4 whole onions and 3 big hunks of garlic, and toss them in a large bowl. I then add salt, pepper, paprika, some Mrs. Dash seasoning, and mix it all up. Then, I’ll stuff it into the turkey. I’ll also put half a can of pineapples in there, and jam a stick of butter right in the middle of all. Then, I pour some orange juice and lemon juice over the turkey skin — just enough to get it wet. In a separate bowl, I’ll mix up more salt, pepper, and paprika for the skin. I spread it all over, making sure to get in all the nooks and crevices. Don’t be cheap! Then, I’ll wrap the turkey in a big bag and leave it in the refrigerator overnight. On Thanksgiving morning, I’ll cut a few long celery sticks in half and put them on the bottom of the pan. Then, I take the turkey out of the bag and place it on the pan. There will be a lot of juice in the bag. Transfer it to the bottom of the pan, and be careful not to spill any. It’s a real pain to clean up! Then I’ll mix up more salt, pepper, and paprika, and sprinkle it on top of the turkey. Now it’s time to stick the bird in the oven. After an hour, start basting it every 15-20 minutes. Take juices from the cavity and squeeze it on top of the turkey. Also, rotate the pan every hour or so. It should take about 4 hours to cook. Just follow what your meat thermometer says. When there is about 20 minutes to go, pour a jar of orange or apricot jam in a bowl, and add a softened stick of butter to it. Mix it together, and brush the turkey with it. Stick the turkey back in, but keep a close eye on it. We want a nice crispy skin, but we don’t want to burn it. Once the turkey’s done, take it out and let it sit for an hour before you carve it. By the way, if you’re not experienced in the art of carving up a turkey, this video will help you get it right and impress your family: Delay your carving as long as you can — turkey tastes best just when it’s cut! If you give this recipe a shot, take a picture, post it on Twitter, and tag me (@reddogT3) so I can see it! Have a great week, and an even better Thanksgiving!
Continue Reading -->Important Notice: Changes Coming to the Virtual Trading Floor®
T3 Live revolutionized a new type of online trading community by introducing the Virtual Trading Floor® in 2007. By giving you a direct connection to top traders, we believe the VTF® is the most effective place to develop as a trader. In addition to showcasing some of the best trading talent in the industry, we make constant improvements to our technology. These improvements ensure not only performance and stability, but additions of user-requested features. Furthermore, our team of experts continues to grow and commit even more time to bring you the very best service. As such, effective January 1, 2019, the pricing for our Virtual Trading Floor® rooms will be $295/month or $2,495/year. This increase ensures that we can continue providing the excellent service to which you have been accustomed. However, you have an opportunity to subscribe today and lock in current prices before the year ends. To sign up at current rates, you may: Visit our VTF home page by clicking here Call 1-888-998-3548 Call your Trading Counselor directly Email our team at customerservice@t3live.com We truly appreciate you being a part of the T3 Live community. We look forward to providing you with actionable and impactful service in the upcoming year! Sincerely, T3 Live
Continue Reading -->Shake-Out Or Correction?
They say the trend is your friend, but is the trend bending? How can one determine the trend? First you have to define trend. Trend is different for every trader. It depends on the time frame they are trading. Then you must know that there are trends running concurrently like a double helix. There are many methods and strategies that market participants use to determine when a pullback is a buying opportunity or a pullback is something more than a pullback. The 3 Day Chart and the 3 Week Chart are two of the best tools I know of to determine the near term trend and the intermediate trend. The 3 Day Chart turns down anytime there are 3 consecutive lower daily lows OR a prior circled 3 Day low is violated (a prior swing low which marked a trough). The 3 Day Chart turns up with 3 consecutive higher highs or on trade above a prior circled 3 Day Chart high. The 3 Week Chart turns down anytime an item shows 3 consecutive lower weekly lows—or on trade below a prior circled 3 week circled high. The 3 Week Chart turns up anytime an item shows 3 consecutive higher weekly highs —or a prior 3 week circled high is cleared. Let’s take a look at an SPX daily from the last major swing low on August 21st. The last time the 3 Week Chart turned down was on the week of August 21. The index set a low at 2417 on an undercut of its 50 day line. The last time the 3 Day Chart turned down was on November 15th. Notice that there was roughly 90 days/degrees between the August low and the November low. The natural 90/180/270 and 360 day/degree divisions of the year are integral to Gann analysis. The November 15th turndown of the 3 Day Chart also was a test of the 50 day moving average. Today the SPX is poised for a possible turndown of its 3 Day Chart if it trades below yesterday’s low. This will trace out 3 consecutive lower daily lows. Importantly, this is occurring as the index satisfies a 90 degree price pullback. From last Friday’s record 2872 high, 90 degrees down is 2818. Notice that despite the selling pressure of the last two days the SPX has held 2818 on a closing basis. It slipped under 2818 yesterday to a low of 2813 but recovered to close at 2823. Importantly, January 31, yesterday, is 90 degrees square the number 2813 on my Square of 9 Wheel. So we have so to speak, a double square-out on the table: The SPX has satisfied a 90 degree price pullback. Yesterday was a possible time/price square-out with 2813 being 90 degrees square of January 31st. It’s still a bull market so these square-outs must be respected. That said the 3 Day Chart has not turned down yet. It could do so today. Trade below Wednesday’s low that that sets a low and turns up either today or Friday suggests a low of some degree. However there are a few caveats that suggests this time is different that November. First of all the index is dealing with a Break Away gap directly off an all time high. It looks like a Gallows Hangman pattern. This suggests last Friday’s rip was a Buying Climax…at least in the short run. Additionally, the SPX is stretched well above its 50 day moving average—a conspicuous difference between the August and November lows. The presumption is that if the SPX turns down its 3 Day Chart and it does not define a low, it’s going lower. The indication is that if 2818 and 2813 fail to act as support, the SPX is headed lower. The conclusion would be that we have a change in character and that rather than a shakeout, a more meaningful correction is playing out. So let’s do the geometry. A 180 degree decline from high is 2766. 360 degrees down is 2662. This would be one full cycle in price down from the 2872 record high. There is some good symmetry to the idea of a decline to around 2662. It represents a 50% retrace of the last leg up (from the August low). It marks a little burst of volatility in early December which was the mid-point of the rally. 2662 also ties to a test/undercut of the 50 day line. Additionally, a decline that flushes the 50 day satisfies a test of a trendline connecting the August low and the November low. The January low is 2682.36. Trade by one tick below that level in February would also satisfy a turn down in the Monthly Swing Chart. If that occurs, bull or bear, the strong likelihood would be for a continuation of the bull or a reaction higher even if a bear market is on the table. The last time the Monthly Swing Chart turned down was in November 2016. It’s stretched. The probabilities are that it will turn down. If it does not do so in February…180 degrees/days from the August low, it may do so in March on trade below whatever the February SPX low is…going into the NINTH anniversary of the March 2009 low. Whenever it turns down, it will be a significant inflection point. Be that as it may, the price action here going into the weekend will tell the tale as to whether we’re in just a short-term shakeout or a more meaningful correction is on the table. Because 2 X the 455 point range of the leg up from August is the range of the 910 point bear market from Oct ’07 to March ’09, the symmetry suggests that the 2872 high (a square-out as January 26 is 180 degrees opposite 2872) may have marked the end of a significant Buying Climax—one which should at least see the deepest correction in the last 14 months. Interestingly, 455 is opposite the date of March 6th…the low
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