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theTradingAuthority.com Pattern Trade of the week: SPY S P Spiders


By Jason Brumbalow :: Chief Operating Officer
Jan 17, 2007, 09:43
 


 

Traders,

Thanks for the interest in the DST 'LIVE' Trading Mentor Room. Working with traders towards consistent profitability has become my passion and I look forward to helping you achieve your trading goals....

Every week I want to bring you a trade that sets up on a trading instrument that will give you an opportunity to see the 'Power of Patterns'. I have been doing this for years with what has developed into a rather large following and I love to use it as a teaching tool for traders who are serious about conquering these markets. Here is the current installment with PAST TRADES POSTED HERE.


The SPY is moving to complete a PATTERN BUY signal at a FIB confluence area where the 1.27 projection meets the .618 retracement (140.05 area). Stops have to be $138.75 with Target on 1/2 at 142 then 143.85 or trail stops.




















and NOW for the Rest of the Story...
Here you see the SPY trade I posted in the LIVE room has hit the first target for $1.5 per share and stops have trailed to breakeven for a drive to the $144.50 extended target. I realize some of you will trail stops so I'll keep you posted in the room. CONGRATS on another DST Pattern winner!





















If you do join us in the LIVE Trader Mentoring Room for your one week trial be sure to READ THE FOLLOWING so you can set the proper expectations.

READ and LISTEN to what other traders are saying about the DST Course


Don't be overwhelmed as everything with value takes time to accept and then OWN.
Don't be impatient as trading requires patience as does embracing new ideas and theory.
Don't expect to understand the acronyms used and the specific trade setups that are discussed daily.
Don't forget that trading IS wildly profitable WHEN sound trading rules and principles are applied with consistency.
Don't attempt to trade with the trade setups as it could lead to trading losses due to lack of understanding or interpretation, the information is for educational purposes.

DO your homework prior to entering the room... View the video series I have created for you as they come in your email, they will help with your comprehension of room contents.
DO expect to reach a better comprehension on Day 3 then Day 4 and Day 5 and see the value of Neuro Associative Conditioning as it applies to trading.
DO honestly asses your CURRENT Trading State and Trading Results and then consider a course of action to improve in the upcoming year.
DO go over your current trading model and determine HOW your 'Real Time' results from the last 12 months compare to your desired outcome.

Remember, if you continue to do what you've always done, you'll continue to get what you've always gotten. If that isn't acceptable then let us help you move to that next level.

Good trading,
theTradingAuthority.com
trader@thetradingauthority.com
Direct 512-275-6135






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At The Trading Authority, Our philosophy is to provide a one-stop trading education solution by addressing all of the factors critical to online trading success. These include a profitable trading system and tools as well as trading psychology and money management strategies.