Editor's
Note: Attention 'future' futures traders: Barbara
Cohen is hosting a webinar THIS WEEK, exclusively for Tycoon
Report readers, to show you how to navigate the futures
markets to capture the returns you deserve.
Hundreds of you have been asking for an opportunity to "meet" Barbara so you can "see" the futures market through her eyes. We're pleased that she has agreed to share her strategies for trading the E-Minis, which are futures contracts on a wide range of indices.
Whether you're new to futures or you're finally ready to jump in and trade them right, now's your chance to learn how the institutions make money trading and why it's important to follow their moves.
Mark your calendar for Thursday, Aug. 13 at 4:30 p.m. Eastern for your FREE spot in "An Introduction to Futures Trading: An Insider's Guide to E-Minis." Spots are limited, so sign up here to reserve your place in Barbara's online seminar TODAY.
Hello Tycoon Readers,
For months I have been telling you to trade the E-Mini futures market. I've told you to take a small amount of money, just $2,500, open an account, and learn to trade E-Mini futures.
I've received back literally dozens of e-mails asking how to trade, tell us how.
Today, I am going to give you one of the most-important tools you'll need as you begin to learn to trade E-Minis -- futures pivots.
How did I learn about futures pivots? It took me years of trading, talking with those who -- let's just say -- would know. And I lost a lot of money finding out.
There is an old adage in the trading game ... if you have not lost money, you cannot call yourself a trader. I can tell you I fully qualify to call myself a "trader."
That also means I've found out the hard way what doesn't work ... and what does. And when I talk about being a "12-minute trader," that refers to the maximum amount of time I spend in the markets each day, as that's all I need to make the returns I want.
Does this type of trading sound like it's for you? Let's take a deeper look into the "futures" ...
What are Futures Pivots, and How Do They Affect Trading?
We'll discuss that momentarily. First, we have to be acutely aware of the environment in which we are using them.
To understand the importance of trading with pivots, you must first understand that the market is very controlled. I might even venture to say that it is completely controlled. If it were not a controlled trading environment, millions of shares and contracts could not change hands every day so quickly and efficiently.
You say you don't buy it that the market is controlled? Let me show you an example of how it works.
At the end of May 2009, Treasury Secretary Tim Geithner met with Chinese government officials. In this meeting, the Chinese gave Geithner an ultimatum, with the conversation probably going something like this.
They told him they have invested heavily in the U.S. stock market and in U.S. Treasury bonds. They are prepared to walk away, unless the stock market takes off and they can get profits. No more buying Treasury bonds, no more stock purchases, nothing.
Geithner knows this would literally crash the U.S. economy, an economy held together with bobby pins and paper clips.
So, what can Geithner and his friends in the Treasury do?
The Summer That 'Sell in May and Go Away,' Well, Went Away
Go look at the Dow Jones Industrial Average (DJI) for the beginning of June. Remember, Geithner met with the Chinese at the END of May. The Dow went from 8,200 to 8,800 in two weeks, a 600-point spike.
The market had not moved for over two months -- not an inch -- hanging around 8,000. So, how could a market move 600 points in two weeks when it hadn't moved in 2 1/2 months? And in July/August, the stock market moved up nearly 1,000 points.
Go back five years in the Dow chart. You will see that the periods May through August are always considered to be summer doldrums. How, then, can the market move up 1,300 points in just over one month?
The Most Important 12 Minutes of Your Trading Day
What's the point of the story, and how does it help you become a 12-minute trader? The point is that the market is controlled. The market "insiders" know where they are taking the market, and just how fast they will move it to get there.
There are specific trading rules they follow, one of which is pivots.
Here's the trick to becoming a 12-minute trader: Just learn the rules.
Trade when they trade ... buy when they buy ... sell when they sell. Be a shadow in the market. Follow the markets' rules.
Pivots are support and resistance price levels that market insiders use on a daily basis to control how high or how low the market will go on any given day.
There are actually 17 pivots -- nine inter-day (occurring over multiple days), and eight intraday (occurring in just one day).
The futures market insiders use the futures pivots, and the stock market insiders use the stock market pivots. To be a successful 12-minute trader, you need pivots on your chart to tell you where the market may go and where it might just stop, as if on a dime.
Let's look an example that might just show you how important trading with pivots is. Check out the market's activity on Friday, Aug. 7, 2009.
At 11 a.m., the market began to move higher off the pivot (the dashed green line). At 2 p.m., the market hit the high right at the high pivot (the purple dashed line). At 4 p.m., the market came right back down to the same pivot it started at.
Is this a coincidence?
If you believe that this is a coincidence, I have a Golden Gate Bridge in San Francisco to sell you.
How often does the market hit pivots like this? Let's just say, this is the norm, not the exception. Is that often enough for you? It might be if you know how to identify them and, better yet, what to do when they occur.
Want to learn more about trading tricks and what you need for software to be a 12-minute trader? Because of the number of e-mails I have received, The Tycoon Report and I are sponsoring a free live webinar this Thursday, Aug. 13, 2009, at 4:30 p.m. Eastern. I will be there to answer your questions and show you what it takes for you to become a 12-minute trader.
Accept my invitation to you to join us live.
Hundreds of you have been asking for an opportunity to "meet" Barbara so you can "see" the futures market through her eyes. We're pleased that she has agreed to share her strategies for trading the E-Minis, which are futures contracts on a wide range of indices.
Whether you're new to futures or you're finally ready to jump in and trade them right, now's your chance to learn how the institutions make money trading and why it's important to follow their moves.
Mark your calendar for Thursday, Aug. 13 at 4:30 p.m. Eastern for your FREE spot in "An Introduction to Futures Trading: An Insider's Guide to E-Minis." Spots are limited, so sign up here to reserve your place in Barbara's online seminar TODAY.
Hello Tycoon Readers,
For months I have been telling you to trade the E-Mini futures market. I've told you to take a small amount of money, just $2,500, open an account, and learn to trade E-Mini futures.
I've received back literally dozens of e-mails asking how to trade, tell us how.
Today, I am going to give you one of the most-important tools you'll need as you begin to learn to trade E-Minis -- futures pivots.
How did I learn about futures pivots? It took me years of trading, talking with those who -- let's just say -- would know. And I lost a lot of money finding out.
There is an old adage in the trading game ... if you have not lost money, you cannot call yourself a trader. I can tell you I fully qualify to call myself a "trader."
That also means I've found out the hard way what doesn't work ... and what does. And when I talk about being a "12-minute trader," that refers to the maximum amount of time I spend in the markets each day, as that's all I need to make the returns I want.
Does this type of trading sound like it's for you? Let's take a deeper look into the "futures" ...
What are Futures Pivots, and How Do They Affect Trading?
We'll discuss that momentarily. First, we have to be acutely aware of the environment in which we are using them.
To understand the importance of trading with pivots, you must first understand that the market is very controlled. I might even venture to say that it is completely controlled. If it were not a controlled trading environment, millions of shares and contracts could not change hands every day so quickly and efficiently.
You say you don't buy it that the market is controlled? Let me show you an example of how it works.
At the end of May 2009, Treasury Secretary Tim Geithner met with Chinese government officials. In this meeting, the Chinese gave Geithner an ultimatum, with the conversation probably going something like this.
They told him they have invested heavily in the U.S. stock market and in U.S. Treasury bonds. They are prepared to walk away, unless the stock market takes off and they can get profits. No more buying Treasury bonds, no more stock purchases, nothing.
Geithner knows this would literally crash the U.S. economy, an economy held together with bobby pins and paper clips.
So, what can Geithner and his friends in the Treasury do?
The Summer That 'Sell in May and Go Away,' Well, Went Away
Go look at the Dow Jones Industrial Average (DJI) for the beginning of June. Remember, Geithner met with the Chinese at the END of May. The Dow went from 8,200 to 8,800 in two weeks, a 600-point spike.
The market had not moved for over two months -- not an inch -- hanging around 8,000. So, how could a market move 600 points in two weeks when it hadn't moved in 2 1/2 months? And in July/August, the stock market moved up nearly 1,000 points.
Go back five years in the Dow chart. You will see that the periods May through August are always considered to be summer doldrums. How, then, can the market move up 1,300 points in just over one month?
The Most Important 12 Minutes of Your Trading Day
What's the point of the story, and how does it help you become a 12-minute trader? The point is that the market is controlled. The market "insiders" know where they are taking the market, and just how fast they will move it to get there.
There are specific trading rules they follow, one of which is pivots.
Here's the trick to becoming a 12-minute trader: Just learn the rules.
Trade when they trade ... buy when they buy ... sell when they sell. Be a shadow in the market. Follow the markets' rules.
Pivots are support and resistance price levels that market insiders use on a daily basis to control how high or how low the market will go on any given day.
There are actually 17 pivots -- nine inter-day (occurring over multiple days), and eight intraday (occurring in just one day).
The futures market insiders use the futures pivots, and the stock market insiders use the stock market pivots. To be a successful 12-minute trader, you need pivots on your chart to tell you where the market may go and where it might just stop, as if on a dime.
Let's look an example that might just show you how important trading with pivots is. Check out the market's activity on Friday, Aug. 7, 2009.
At 11 a.m., the market began to move higher off the pivot (the dashed green line). At 2 p.m., the market hit the high right at the high pivot (the purple dashed line). At 4 p.m., the market came right back down to the same pivot it started at.
Is this a coincidence?
If you believe that this is a coincidence, I have a Golden Gate Bridge in San Francisco to sell you.
How often does the market hit pivots like this? Let's just say, this is the norm, not the exception. Is that often enough for you? It might be if you know how to identify them and, better yet, what to do when they occur.
Want to learn more about trading tricks and what you need for software to be a 12-minute trader? Because of the number of e-mails I have received, The Tycoon Report and I are sponsoring a free live webinar this Thursday, Aug. 13, 2009, at 4:30 p.m. Eastern. I will be there to answer your questions and show you what it takes for you to become a 12-minute trader.
Accept my invitation to you to join us live.
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