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	<title>Comments on: A Week in the Life of a UMT Trader</title>
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	<link>http://www.umttrading.com/2008/12/08/a-week-in-the-life-of-a-umt-trader/</link>
	<description>Watch Live Forex, Future and Stock Trading Results Using the UMT</description>
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		<title>By: Ben Maltz</title>
		<link>http://www.umttrading.com/2008/12/08/a-week-in-the-life-of-a-umt-trader/comment-page-1/#comment-405</link>
		<dc:creator>Ben Maltz</dc:creator>
		<pubDate>Thu, 11 Dec 2008 02:27:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.umttrading.com/?p=184#comment-405</guid>
		<description>Very intersting webinar today (12-10-08).  The indicator has really come a long way and seems SO trader friendly.

I have some pre-purchase questions:

are there markets that can be effectively traded with UMT between 6PM and midnight EST?
(NetPicks Reply:  In those hours you are primarily looking at forex -- EURJPY, GBPJPY, USDJPY and sometimes AUDUSD.   Dax/Eurostoxx futures don&#039;t start until just a bit later. And of course, stock swing trading can be done during that time.  Would not trade the US futures in Globex)

how well did UMT handle the market over the past 3 months on swing trading / end of day basis
(NetPicks Reply:  The method thrives on movement so you can see why the extra volatility in recent months has played out well.  Of course it always depends on the specific stock/market you&#039;re talkinga bout - we would never expect everything to be perfect but there&#039;s been plenty of solid choices)

any idea when thinkorswim indicators will be ready?  I know there must be issues with limiting access to your indicators on TOS&#039;s platform
(NetPicks Reply:  We have been talking with them on this and would like it to be part of our future plans.)

can you recommend futures markets to trade on an end of day basis with an $11K acct?
(NetPicks Reply:  Futures end of day in that level some you might look at - but be sure you test them with the method - do some manual back tests etc..  Soybeans, Wheat, Corn, Crude Oil, Gold)

is the &quot;Ultimate&quot; package downloadable or is it shipped?
(NetPicks Reply:  Download, login, videos, live training)

how often do End of Day trades typically show up?
(NetPicks Reply:  Depends on the market and timeframe -- you can use &quot;quicker&quot; than daily charts and still swing trade.  Those will trigger more trades.)

are there scans that can be used to detect trade signals for use on an EOD basis
(NetPicks Reply:  It can probably be done with &quot;Alerts&quot; for the core indicator but remember that doesn&#039;t capture &quot;every&quot; set-up -- about 80% of them)

most all the videos and webinars show day trading time frames with relatively small profits on each trade.  what type of profit tgts are there on an EOD basis?
(NetPicks Reply:  A real strength of the strategy are the dynamic targets/stops.  If you expand out the timeframe the targets will get much larger.  For example, you could be looking at Google on a day trade and the target could be a few dollars - on a swing trade it could $100)

do you always take the stops as shown on the chart or do you move amd trail your stops and let the market take you out of the trade?
(NetPicks Reply:  We have two points where we tighten the stop.)



Thanks, Ben

Thanks Ben - see your answers above.  </description>
		<content:encoded><![CDATA[<p>Very intersting webinar today (12-10-08).  The indicator has really come a long way and seems SO trader friendly.</p>
<p>I have some pre-purchase questions:</p>
<p>are there markets that can be effectively traded with UMT between 6PM and midnight EST?<br />
(NetPicks Reply:  In those hours you are primarily looking at forex &#8212; EURJPY, GBPJPY, USDJPY and sometimes AUDUSD.   Dax/Eurostoxx futures don&#8217;t start until just a bit later. And of course, stock swing trading can be done during that time.  Would not trade the US futures in Globex)</p>
<p>how well did UMT handle the market over the past 3 months on swing trading / end of day basis<br />
(NetPicks Reply:  The method thrives on movement so you can see why the extra volatility in recent months has played out well.  Of course it always depends on the specific stock/market you&#8217;re talkinga bout &#8211; we would never expect everything to be perfect but there&#8217;s been plenty of solid choices)</p>
<p>any idea when thinkorswim indicators will be ready?  I know there must be issues with limiting access to your indicators on TOS&#8217;s platform<br />
(NetPicks Reply:  We have been talking with them on this and would like it to be part of our future plans.)</p>
<p>can you recommend futures markets to trade on an end of day basis with an $11K acct?<br />
(NetPicks Reply:  Futures end of day in that level some you might look at &#8211; but be sure you test them with the method &#8211; do some manual back tests etc..  Soybeans, Wheat, Corn, Crude Oil, Gold)</p>
<p>is the &#8220;Ultimate&#8221; package downloadable or is it shipped?<br />
(NetPicks Reply:  Download, login, videos, live training)</p>
<p>how often do End of Day trades typically show up?<br />
(NetPicks Reply:  Depends on the market and timeframe &#8212; you can use &#8220;quicker&#8221; than daily charts and still swing trade.  Those will trigger more trades.)</p>
<p>are there scans that can be used to detect trade signals for use on an EOD basis<br />
(NetPicks Reply:  It can probably be done with &#8220;Alerts&#8221; for the core indicator but remember that doesn&#8217;t capture &#8220;every&#8221; set-up &#8212; about 80% of them)</p>
<p>most all the videos and webinars show day trading time frames with relatively small profits on each trade.  what type of profit tgts are there on an EOD basis?<br />
(NetPicks Reply:  A real strength of the strategy are the dynamic targets/stops.  If you expand out the timeframe the targets will get much larger.  For example, you could be looking at Google on a day trade and the target could be a few dollars &#8211; on a swing trade it could $100)</p>
<p>do you always take the stops as shown on the chart or do you move amd trail your stops and let the market take you out of the trade?<br />
(NetPicks Reply:  We have two points where we tighten the stop.)</p>
<p>Thanks, Ben</p>
<p>Thanks Ben &#8211; see your answers above.</p>
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