Traders Helping Traders Big Weekend Edition
 

 E-zine for April Fool's Day, 2007 - Part One


 Traders Helping Traders


If you're a short funded trader with an account of 2-3k, new to futures trading or just struggling with your trading, you should learn to trade using low-risk trading strategies.

Almost every Technical Analysis Pattern is Support and Resistance based...if you don't understand how to "see" a chart, you will continue to struggle!

Let Tom and Erich show you step by step how to dramatically improve your results with highly detailed Daily Trade Alerts and Weekly Live Classes illustrating entries, exits and intensive trade management.

Traders Helping Traders trade the commodities futures marketsYou'll receive Erich's highly regarded eBook on Support and Resistance Trading and you'll also have access to a wealth of helpful information and charts in the Members Area.

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Question: Do you ONLY cover one or two markets??

Answer: NO!! We cover all markets in all sectors -
wherever there's a good trade, we'll cover it!

This is only the TEST DRIVE Edition.

Our Subscribers get the whole thing,
the evening BEFORE the markets open.

For a detailed analysis of ALL the markets Erich and Tom cover along with explicit charts, entries, exits, stops, risk/reward ratio, potential profit, (and much more) please join us at http://www.supportandresistance.com/subscribe.html

 

Shooting the Breeze!


It's going on three weeks since the move and believe it or not I still don't have my office set up. It's not that I'm not trying, it's just that I can't get everything the way I want it. Actually, to be more accurate, the problem I'm having is making everything fit! It's the traditional downsizing problem. We moved from a single family house to a townhouse. At the time the townhouse looked big enough, after all the square footage was the same as our house; however some things like organizing my office have posed a special challenge.

At least I'm not working off the floor anymore. I did manage to get my desk partially set up; however I'm sure I'll have to take it apart and reassemble it at least a couple more times before I'm satisfied with where it is. The good news is my office is nice and bright. I have a beautiful south facing view of a hiking trail that runs near by; however the view is currently obstructed somewhat by a pile of computer boxes I have crowding the window.

I'm quite anxious to get the office squared away however. We've got big plans coming in the next week or so and I want to get going with that. We should have the live day trading room up and running early this month. This week you'll also notice a new look on the nightly updates. I've had requests to make the information more broker friendly, so I've tried to incorporate that. Please let me know what you think – pros and cons – after all, I'm working for you.

Enjoy this week's issue,

Erich
erich@tradershelpingtraders.net
 

Softs


Softs Overview

To see the video clip covering this week's Softs trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/SoftsApr2.swf

Coffee

SELL May Coffee at 107.70
Exit Order: 110.05
Approximate Risk Exposure: $881 per contract
Profit Target: 100.05
Approximate Potential Profit: $2868 per contract
RRR: 3 1/2:1
Degree of Risk: Moderate to HIGH

Coffee chart

Lumber

SELL May Lumber at 239.7
Exit Order: 243.7
Approximate Risk Exposure: $440 per contract
Profit Target: 215.7
Approximate Potential Profit: $2640 per contract
RRR: 6:1
Degree of Risk: Moderate to HIGH

Lumber chart

Sugar

CONTINUATION of Short May Sugar from 989
Exit Order: 1003
Approximate Risk Exposure: $156 per contract
Profit Target: 817
Approximate Potential Profit: $1926 per contract
RRR: 12:1
Degree of Risk: HIGH

Sugar chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Pick of the Letter


For the Pick of the Letter hot and fresh off the presses, please join us at http://www.supportandresistance.com/subscribe.html
 

Lesson du Jour


To see this week's Lesson du Jour on video, click the link below:

For the archive of hundreds of priceless homework articles and Lessons du Jour, please join us at http://www.supportandresistance.com/subscribe.html

Got a question that needs answering like an itch you can't scratch? Send it along to Erich@supportandresistance.com and I'll be happy to try and clear things up for you.
 

Futures Trading is Risky! Never trade with money you cannot afford to lose!

Nothing in this publication is either a solicitation to trade or a recommendation of any strategy. Always consult your broker or advisor before attempting any trade. Commodity trading involves substantial risk of loss.

THE DATA CONTAINED HERE IN ARE BELIEVED TO BE RELIABLE BUT CANNOT BE GUARANTEED AS TO RELIABILITY, ACCURACY OR COMPLETENESS; AND AS SUCH ARE SUBJECT TO CHANGE WITHOUT NOTICE. TRADERS HELPING TRADERS AND IT'S ASSOCIATES WILL NOT BE RESPONSIBLE FOR ANYTHING WHICH MAY RESULT FROM RELIANCE ON THIS DATA OR THE OPINIONS EXPRESSED HEREIN.

DISCLOSURE OF RISK: THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS CAN BE SUBSTANTIAL; THEREFORE, ONLY GENUINE RISK FUNDS SHOULD BE USED. FUTURES AND OPTIONS MAY NOT BE SUITABLE INVESTMENTS FOR ALL INDIVIDUALS, AND INDIVIDUALS SHOULD CAREFULLY CONSIDER THEIR FINANCIAL CONDITION IN DECIDING WHETHER TO TRADE. OPTION TRADERS SHOULD BE AWARE THAT THE EXERCISE OF A LONG OPTION WOULD RESULT IN A FUTURES POSITION.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO, ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM, IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS, IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
 

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