Introduction
Benefits of Trading
Emini Futures With DowScalper™ Method
1.
Trade from home on a
professional level.
You can trade with the use of a single desktop monitor or a laptop, without the need to buy expensive muti-screen or multimonitor setups. 2. Trade with a fair opportunity to make money. Trading Dow Emini Futures allows you a fair opportunity to be an actual part of the market and trade with other market participants knowing that all orders are matched on a centralised exchange on a 'first come first served' basis . 3. Easy to read/speculate with repeating patterns. In the first 15 to 30 minutes after the opening bell, the market produces predictable movements which the short term trader can exploit and make money with within minutes. 4. Allows for beginner traders to be a part of the actual market. Trading the Dow Emini Futures you can start trading small contracts sizes, 1 Emini Contract for the dow equates to $5 per point movement and your broker only requires $500 in margin requirements. 5. No complex theories or use of non-sense indicators. DowScalper™ will teach you how to read the actual market with an understanding of price movement and logic, and not rely on 'hopeful or wishfull' indicators to make your trading decisions. Finally, you will learn how the professionals make money trading financial markets. 6. Allows you to focus and trade with precision. You will trade one market using one chart on a single timeframe, this will allow you to focus and trade with precision going for just 1 or 2 profitable trades within minutes and finish up for the day. 7. Less prone to news events Because you will be in the market for such a short time, you will be less worried about sudden spikes caused due to some news event. You will always finish up before any critical economic news hits the market. 8. Trading Skill Development With the education and tools provided in this program, you will have the opportunity to develop your skills in reading price charts and trade execution. With practice you will develop a feel for the market. 9. Buildup Contract Size & Make More Money This program is designed to help you achieve a consistency unlike you have experienced before, once your ball gets rolling you can build up your contract size with confidence and make more money in minutes than you ever thought possible. 10. Make Your Trading Second Nature Our aim with this program is to help you make successful trading second nature to you. You will have the opportunity to trade with the use of your own discretion, this will allow you to trust yourself in the decision making process, just like how you drive a car or ride a motor bike, and perform other basic stunts in life, you want trading to be one of them.
Mis-Conceptions
& Wrong Beliefs
Most folks who get started in financial trading, after losing some money start thinking that 'Complicated' is the way forward but the reality is that those who have ever made any money trading have done so by keeping things simple. I know I made $18,367.94 in just 21 days trading with a really simple method, one that I am about to share with you today. So, all I am asking you is to follow the instructions here and you won't be disappointed with your investment in my course. With the simple set of tools that you will use along with a trained set of eyes to spot market opportunities, you will know exactly how to make money in your trading. My aim is to teach you everything from A-Z, you will learn exactly how to spot these money making opportunities which present themselves every single day! The key principles that you are about to learn can be applied to all financial instruments, however I have found them to work best with the Dow Emini Index Futures. ------------------------------------------------------------------------------------------------------------------- For those who have been around for a while, please go through everything that you will find here, even if you think you know it already...because the worse thing you can do is blind fold yourself with a 'know it all' attitude. I assure you there is a fine difference between 'knowing' and 'making' an actual application of the concepts that you will be taught in this course. ------------------------------------------------------------------------------------------------------------------- Let's Begin..
Fundamental analysis
predicts the future, tomorrow, a month or a year from now, what may
happen depending on past and currect performance records. This is a
much deeper subect and involves reading of financial statements,
looking at previous and current records, how economic events have
affected or will have an affect in the future and all that you can find
related to money income and expense has to be accounted for.
After analysing this
data, you come to a conclusion and predict future price valuation of
the Stock, Commodity, or the Financial Intrument of your interest.
Now, this type of
analysis is not appealing for us because it's simply not something that
we can use to make money day trading.
Because we are
speculators who are looking to make money with short term price
fluctuations and within minutes, we care less about the price valuation
for tomorrow, a month from now or even a year later.
So, in order to
make money with short term speculation we make use of what is called
'Technical Analysis'.
This
program is based on market cycles; I will teach you technical
trading and give you all the tools that you will need. Technical
Analysis requires you to be able to analyse charts, basically read the
market and we do this visually by looking at formations and patterns
that repeat over and over again.
Tools for Technical
Analysis used in DowScalper™
Module
1 Covers: Understanding Price Action
Understanding
Price Action
As a Technical Analyst we need to be able to read and understand price movements in the market, we do this with the use of price charts.
We
can get four different data from the diagram below.
1.
Market Open
2. Range High 3. Range Low 4. Close 
Market
Cycles
Price
movements in a financial market consist of cycles.
These cycles are present in all timeframes, the lower
the
timeframe the more of these cycles are in play, and with
higher timeframes you will find less but bigger cycles.
There
are mainly 4 stages of a cycle, these are;
Accumulation is
when
the investment comes into the market, Mark-up is when the
price rises with a further growth of interest and reaches a point where
it is stretched or over extended, Distribution is
unloading and the first stage towards the reset, Mark-Down is
the actual reset of the Cycle.
A very good
example of it being a
rubber band, when far stretched it wants to be back in it's original
shape, so it matters not which direction you pull it, the principle
remains the same.
How
to Identify the Trend
One
of the simplest ways is to read the market with the help of candlestick
charts. Another way to identify the direction is with the use of trend
lines.
The
correct way of drawing a trend line is by joining the lowest or the
highest points on the chart in a straight line, if the outcome is a
positive slove or the line is pointing upwards than we have an uptrend,
if you have a negative slope of the line points down than the market is
in a down trend. And, if the line is flat than the market does'nt have
any real direction.
You
don't really need to make lines on your chart because this course will
train you how to read the market without the use of traditional methods.
Leading Indicators
Most, if not all indicators lag
behind price i.e. they alert you when an event has already happened,
this is because indicators are calculated with price and volume data,
in other words price moves first indicators second.
However, saying that there is only
one indicator that I consider leading and that is the Fibonacci
Indicator tool, due to it's popularity it is widely available on all
charting platforms and used by the traders.
The Fibonacci Ratios most important
to us are 38.2% & 50%, also -23.6%
Don't worry for now about how we
use them, everything is covered in this course as you will find in
later modules.
Drawing
or placing a Fibonacci Indicator on your chart is quite simple, all you
do is stretch the indicator across between the high and the low of the
range and it automatically calculates and displays the variant Fib
Ratios.
I
want you to know that there is no magic to this tool, the only
reason we are applying it to our trading is because it is widely known
among the traders but we actually use it Contrary to them.
Once
you train your eyes, you don't even need to draw Fibonacci lines on
your chart because you will just know where these levels exist.
However,
for the sake of simplicity I thought it would be useful to write about
it in this program, as it will help you determine your profit
target areas, more on this later.
(DO-NOT
USE OTHER INDICATORS IN YOUR TRADING)
Support &
Resistance
Simply put, the most recent
high/low levels in the market act as support and resistance.
The
only logical reason for that is traders who missed out on the first
opportunity are looking for a test of the previous level in the market,
and therefore the market has pending orders at these levels, while
other traders who are already in are looking to get out should the
support/resistance level fail to hold and if they see their position
going into negative.
In other words, you will find an
increase of supply at resistance levels and a high demand at support
levels however, this does'nt mean that support/resistance levels will
always hold. For now, I would just like you to understand the concept
as you will learn in later chapters we only use them when they work
best.
Support
& Resistance Levels are simply areas where buyers and sellers join
hands buying or selling large number of contracts, so these levels
become important to us in our trading as you will learn in the advance
modules.
Congratulations!
You have now completed Module.1 Video 1: Understanding Price Action/Market Reading
Contact
Support: support [@]
dowscalper.com
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