So far in 2010 we have seen a lot of tight ranges and low volume price action. These are phrases that can send day traders running for cover. The nice part about the UMT is that it gives you the flexibility to change your markets so you can go where the action is. Markets that have shown some nice movement over the last few months are the currency futures. You don’t have to be a forex trader to look at these markets. They will look like a spot forex market and trade like a future.

The market I’m going to highlight today is the Euro Currency. Combining this market with the use of range charts has proven to be a really nice combination. One of the nice features about this market is that you can trade it in both the European session and the U.S. session. We track it on a range chart of 5. The range charts do a really nice job of filtering out the chop that we can see in the markets. Over the past few months this market has produced some very nice results. I highlight Monday’s session in the video below.

In today’s environment it’s crucial that you have  a system that gives you the flexibility to move between markets that are showing nice volatility. The UMT is a system that does just that. The system is the same regardless of the market you are looking at which makes any change very straight forward.

If you are getting tired of watching the index futures move sideways all session, take a look at the currency futures. You might be surprised at what you find.

UMT Euro Futures Video

The first trade they had was in heating oil.  Keep in mind, they were not looking at charts on their computers.  Nope.  They were using charts from tabloid sized newspaper and had to update the charts at the end of the trading day.  Nobody knew how the trade would do especially that it would take out the previous years high.  Price rose from $.80 up to a little over $1.05.  For those that followed the system, especially the position size, their account exploded.  How many held full positions?  One.  The others found reasons not to be fully involved and gave reasons such as too risky, gone up too fast, thought the move would not last due to contract expiration.  They were all given strict rules.  Not following them on a whim, a hunch or thinking they could predict the market cost them some decent profits.

What is the point?  It should be obvious.

Unless YOUR trade plan has strict rules for standing aside on a trade…take the trade.  Deciding to risk 2% on each trade? Do it for every trade.  These rules should not be pushed aside because of a subjective whim or hunch you may have.  The trade you decide to not take part in OR use a fraction of your planned risk, will be the winner.  The one you jump in with both feet may win or lose…but you were consistent.  Consistency is one of the four keys that poured from the Turtle lessons.

1.  Trade with an edge
2.  Manage risk
3.  Be consistent
4.  Keep it simple.

Funny how many traders forget these basic four lessons.  It could account for the many many traders that get slammed out of trading every day.  Why traders lose their stake.  Why traders complain a system does not work (especially when others are doing very well with it!!!!).  You do not need to be a scholar, a PhD or a former member of the deans list.  You do have to be smart…and being smart means following the habits of those that have succeeded before you.

Click Here for the Replay!

You know what I mean by ‘time intervals’, right? 1 minute, 5 minute, 15 minute charts, etc.  It seems many trading systems are optimized for time intervals – and depending on your charting platform (like MetaTrader), they may be your *only* option.

But believe it or not, time interval is only one choice among many when it comes to trading!

Specifically, we discuss:

-          Tick Charts

-          Volume Bars

-          Range Bars

Not to mention, who they are best suited for, pros and cons and caveats and caution flags for each. These questions will be answered in detail by my expert team of professional traders.

Forex, futures, stocks and options – we’re going to have some great information for all of you.

Click Here for the Replay!

Click Here for the Replay!

We give you the downlow on the why and how of market analysis, budgets and financial projections for your trading. If you want to turn this trading business into a full-time gig, you’ve got to start taking it seriously! And that means crunching the numbers – yes, all the numbers (and not just wins vs. losses).

Get your head out of the clouds and into the game and watch this awesome presentation right now:

Click Here for the Replay!

Thoughts?]]> http://www.umttrading.com/2010/02/09/capital-growth-educational-webinar-recording/feed/ 0 http://www.umttrading.com/2010/01/13/2010-market-analysis-webinar-replay/ http://www.umttrading.com/2010/01/13/2010-market-analysis-webinar-replay/#comments Wed, 13 Jan 2010 18:29:21 +0000 Mark http://www.umttrading.com/?p=424 In case you couldn’t make the live Market Analysis webinar on Monday, here’s the recording:

**Click to Replay**

Be sure to listen in, take some notes and most importantly, start incorporating them into your 2010 trade plan. As mentioned in Monday’s webinar, this year is going to be one full of changes – and that we hope you can keep up.

This Market Analysis is just the first in a long series of awesome educational (read: NO sales) webinars that we hope to host on a regular-basis.

If you have any topic recommendations, we’re always open to suggestion.

(949) 481-2396
info@netpicks.com

That pop up box that probably came up when you came to this website is one way.  Just enter your email there and not only will you get a free trading course, you’ll also get yourself on the notification list for our next release.

Or, you can go here:

http://www.netpicks.com/getumtsimple

Put yourself on the waiting list directly by scrolling down to the bottom of that page which has all the additional details on the Universal Market Trading trading course and you can enter your email there to get on the waiting list notification list.

Trading has been going great — and there’s plenty of markets on the move so be sure you do not miss out the next time we release more copies of the “UMT” and get yourself on the list.

If you have any questions, you can always leave a comment in this blog and we do monitor and reply to those or feel free to email us or even call our office.  We look forward to working with you!

Just a few recent reviews we’ve received:

[10:54 am] Michael Black: Well done Shane, looking forward to tomorrow!!
[10:54 am] Hemantha Gunasinghe: Great session  thanks for this. learning a lot.
[10:54 am] Larry Fisher: Great training today Shane. Made some dough….. Well done….
[10:54 am] Benny Portugal: thanks Shane,  great performance as usual, see you tomorrow
[10:54 am] caz de zeeuw: great job, thanks

“I just wanted to say a huge thanks to you and all of the coaches for an excellent mentorship programme. When I signed up I wasn’t sure quite what to expect, all I knew was that I wanted to learn as much as possible and that you guys were the ‘Masters’ and the best to impart to me that knowledge. You delivered on all fronts and more, exceeding all of my expectations.”   Suzanne M.

Here’s a video where we walk you through our strategy and performance – it continues to be quite consistent for a number of futures contracts including the Nasdaq e-Mini Futures you’ll see here:

Nasdaq e-Mini Futures Trading with the Universal Market Trader – Video – Click Here