LIVE! Trading Room — How I Can Help Your Trading In 2019

Day Trading Crude Oil & Other Markets . . .

My LIVE! Trading Room is now into its 10th year (Yea!) where we day trade Crude Oil, the E-Mini S&P, the E-Mini NASDAQ — starting in 2019 the E-Mini Russell (RTY) —  and old stand by Gold, and the EuroFX . . . where we shoot for $300 to $400 a day, per position — sometimes more — and (hopefully) help others reach their goals of financial independence and security.

Trading is a lifestyle choice.

I’ll explain more about that in a minute.

But first, ask yourself whether you met or exceeded your personal trading goals in 2018?  If you met or exceeded reasonable goals — if you’re a Top 3% trader — then you probably wouldn’t be online looking for someone like me that can help you do it!

Second, let me say it took awhile to get here.  I started trading stocks in the 1980s and diversified into commodity futures for the first time in 1993.  Because of a bad experience with someone who “managed” my account, I started learning everything I could about swing trading . . . so I could do it for myself.  And, yep, I used to have to call orders in to my Broker by phone for years and could only get live intra-day data by satellite feed.  Now I can just click a mouse and be filled a second later (or less).

Anyway, while learning about swing trading, the day trading bug bit and since late-1999, I’ve been a full-time day trader and continuing student of the markets.

I don’t think you ever stop learning since the markets are constantly changing.

And I’m still amazed at how precisely you can often enter these modern HFT computer-dominated markets . . . sometimes to-the-tick!

For those who are brand new — or are just considering day trading for the first time  . . . you might be wondering what can day trading do for you?  Well, I think it’s the perfect “job” — either a new career or to provide a steady second income.  That’s sometimes critical in the current economy!   You can work the hours (or even days) you choose — and do it from anywhere in the world with reliable broadband Internet.   It can quickly build (or re-build) your retirement or your kids’ college savings accounts.  It can get you out from under crushing debt.

And . . . when you’re profitable, it’s fun!  Can you imagine going to a casino and finding a boken slot machine that keeps pouring coins into your lap?  That’s what it can feel like — when things are hitting on all cylinders!  Day trading also provides many other kinds of freedoms — beyond financial freedom — that are unavailable from a “normal” job and so it’s a lifestyle choice.

You might also wonder, how did I come to call trades in a LIVE! Trading Room?  Well, I was asked by a couple of friends to step-in and host their newborn trading room 10-years ago — at first, only for a few weeks — but I enjoyed it so much that when they quit, I kept going, and the rest is history!  It’s still hard to believe the LIVE! Trading Room is almost older than my granddaughter . . .

Members of the LIVE! Trading Room are an intentionally small group of mostly struggling and newer traders.  If that’s you — new or struggling — then I’m glad you found us and I hope you’ll join in!

Chartsky

 

Some Recent Days

The markets have continued their increased volatility in 2019 and that has meant much better days continuing for us!

Here are recent sessions in June 2019:

July started off HOT with a great Add-On Day:

July 1:  We started the day in my LIVE! Trading Room with a Game Plan calling for price in the stock indexes — the E-Mini S&P (ES) and the E-Mini NASDAQ (NQ) especially — to re-test the highs and make new highs.  They tried several times, as you can see, but couldn’t follow-through.  When sellers started coming in, market structure started to support potential selling and when price action also supported selling, we went straight to Plan B and became sellers — grabbing a super Add-On Day!

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July 2:  Once again the markets proved a little more difficult than we like in my LIVE! Trading Room, with the Game Plan calling for a pull-back and a re-test of the highs — which we got, but not everyone caught it.  That was the full Daily Profit Target in less than 10-minutes.  However, we kept going since the E-Mini S&P (ES) was just ping-pong whipping and the E-Mini NASDAQ (NQ) was also whipping and Crude Oil (CL) was moving straight down.  When market structure and price action both supported a sell in the NASDAQ, we scalped the Daily Profit Target a second time and stopped to enjoy the day trader’s lifestyle and the rest of our day!

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July 3:  It’s nice to cap-off a short week — especially into a holiday — with the FULL Daily Profit Target from day trading the stock indexes, E-mini S&P (ES), E-mini NASDAQ (NQ), E-Mini Russell (RTY ) and Crude Oil (CL) in my LIVE! Trading RoomWe took what the market wanted to give — which we try to do every day — but which today were scalps.  It only takes ONE (1) good trade and we grabbed ours to start our holiday before 10:00 a.m. the day before!

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July 8:  Everything we saw in the Top-Down Analysis was telling us the markets wanted to go farther down and our Game Plan was to be sellers. We caught the E-Mini NASDAQ (NQ) and the E-Mini S&P (ES) right after the 9:30 Open, as they started down harder than anticipated . . and we got nice winners in both markets for the Daily Profit Target PLUS! or maybe even a small Add-On Day.

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July 9:  We had a two-part Game Plan but when the Stock Indexes opened so strongly, we bought a break of the green S-R Level in the E-Mini NASDAQ (NQ) and grabbed the FULL Daily Profit Target quickly — before price started chopping or whipping. We couldn’t get a fill in the E-Mini S&P and, since I don’t like to “chase” price, we just let that one go . . . but still got the FULL Daily Profit Target in less than 10-minutes.

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July 10:  We were buyers from the 9:30 Open because FED Chairman Powell made some ultra-dovish remarks at a breakfast meeting well before the 9:30 Open and the Stock Indexes shot up.  After they topped-out, you could only take counter-trend sells on a strong up-day or wait for the expected deep retracement (which I told Members about) — but which would have kept you off the golf course. LOL!

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July 11:  Even though we were front-run by the HFTs in the E-Mini S&P (ES), we had the FULL Daily Profit Target in the E-Mini NASDAQ (NQ) right at the 9:30 Open but price whipped us out of an excellent Entry before turning to the Profit Target. That happens. So we kept going. We took a long break in the LIVE! Trading Room for FED Chairman Powell’s Congressional “testimony” and came back and waited for market structure and price action to scream “SELL!” and we did in the ES. There was a companion trade available in the NASDAQ but not the same market structure so it wasn’t an official call.

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July 12:  With the Stock Indexes pretty much dead and stuck in either WHIP or UGLY WHIP, we turned our attention to Crude Oil and caught a great Entry and sat through 4-5 candles of dead whip until price turned down fast-and-hard just like I told members of the LIVE! Trading Room to expect. It came right back but we had milked that one for a solid 20-ticks and the FULL Daily Profit Target.

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July 16:  Conditions were tough as we day traded the stock indexes — mostly the E-Mini S&P (ES) and E-Mini NASDAQ(NQ) — and Crude Oil (CL).  After price bounced off support, but wouldn’t go higher, I got us trapped short, going with market structure and price action, when the HFTs started chopping price up.  So we took a small, intentional loss an avoided the bigger, full stop.  We tried a couple more times but price just wouldn’t follow-through.  I was able to get us into a little counter-trend scalp buy that wouldn’t go to the Profit Target but got us out-of-a-hole and gave a little lunch money.  Sometimes that’s the best you can do — walk away unhurt.

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July 17:  Today was a bit easier.  I told LIVE! Trading Room Members in the daily Top-Down Analysis the stock indexes — especially the E-Mini S&P (ES) and E-Mini NASDAQ (NQ) — were set to push up and form the top of a trading range and then move lower.  We sold near the top of what developed into that range — AS it developed — and grabbed the FULL Daily Profit Target in less than 5-minutes.  Members then had the rest of their day to enjoy . . . having finished their “work” quickly today.

You can read a little more detail about July 16-17 here.

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Most Recent YouTube Videos:

June 18, 2019 — Just “Trade The Plan:”

July 4th — Quick 3-Day Recap:

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Please understand that I try very hard to be different and so I don’t create and publish marketing videos every day/week or month we enjoy success.  I only make them when I think there’s something that will help new or struggling traders.  However, even though my style and approach in the LIVE! Trading Room has stayed the same, here were some days in December I put together as a special Holiday Trading Series as a gift for those who watch my YouTube Channel and they’re still relevant:

December 6, 2018 — Great Examples Using Market Volatility:

 

 

December 10, 2018 — How To Follow A Great Day:

 

 

December 11, 2018 — When & How To Trail A Winning Trade:

 

 

December 12-13, 2018 — First Roll-Over Day In ES & NQ:

 

 

December 17, 2018 — What To Do About Price Reversals:

 

 

Finally, December 18, 2018 — A Little About Trading Psychology:

 

 

And remember, if your results haven’t been as good as you hoped for in 2018, go to the LIVE! Trading Room page where you could join us as soon as tomorrow!

 

Chartsky

Where Are All Your Other Videos?

First, make sure you’ve seen the section just above this: Some Recent Days

Second, since I no longer offer free trials (and you can read why on my FAQs Page), I decided to answer a lot of questions and concerns folks were having because this blog got completely nuked from the Internet in December 2016. Had I retired?  Had I run-away to the Caribbean again with a much younger woman?  Had I gone insane raising my grandchildren?

No, sadly no, and no.  The blog just got deleted when my friend abandoned her server in a temper tantrum following President Trump’s victory in November 2016.

I didn’t know about it until the e-mails came in late-2016 and early-2017.

It has only been back since February 2017 — re-built from scratch — and all prior content, charts, videos, posts, etc. from before then are seemingly gone forever.

But it’s not the end of the world.

Videos from years before 2017 can still be found on my YouTube Channel — where I’ll be adding more soon — and videos from 2017 forward are collected on my Recent Charts & Video page of this Chartsky Blog.

Believe it or not, it’s the same thing week after week, month after month. The results may not always be the same, but they tend to average-out nicely.

For example, historically, when we struggle for a day or two, we tend to have an Add-On Day or two.  The seeds of a tough week or two produce the harvest of an Add-On Week.

So watching the almost 100 videos is much the same thing as an extended free trial — and you can enjoy them at your leisure.

We try very hard to do things differently so why not join us in the LIVE! Trading Room and take a big step towards your trading goals . . .

Chartsky

News

July 16-17, 2019 — We’re Still Day Trading Well In My LIVE! Trading Room – Despite the Tough Market Conditions

July 16-17, 2019 — Despite the tough market conditions, we’re still doing well (knock-on-wood) in my LIVE! Trading Room as we day trade some of the most volatile and profitable markets. We focus mostly on the Stock Indexes — the E-Mini S&P (ES) and E-Mini NASDAQ (NQ) — and Crude Oil (CL). These stock indexes …

July 15, 2019 — After the Fantastic Week We Enjoyed Last Week – A Tough Day In the LIVE! Trading Room

July 15: After the FANTASTIC week we enjoyed last week — calling almost TEN-TIMES the monthly subscription fee in a single week — and that wasn’t a lucky once-in-a-blue-moon thing — we were overdue, perhaps, for a tough and trying day. We got it this morning day trading the Stock Indexes (ES and NQ) and …

July 11-12, 2019 — Finished Another Great Week Day Trading In My LIVE! Trading Room

July 11-12, 2019 — We finished another great week day trading the Stock Indexes — E-Mini S&P (ES), Emini NASDAQ (NQ), E-Mini Russell (RTY) — and Crude Oil (CL) — in my LIVE! Trading Room. Except for Wednesday, when FED Chairman Powell made his “surprise” remarks at a breakfast and shot the markets up-up-UP — …