E-zine for Mothers' Day, 2007 - Part One

The Live Trading Room is officially up and running.

I have to say that the last couple of weeks have been a blast! It’s so much fun to have you in the trading room with Rob and I. If you’re interested in day trading and you haven’t checked us out, you really should make a point of doing so. I’ve seen a lot of trading rooms, and while I might be a touch biased, I have to say that ours is the best.

There’s a lot to be learned from watching how an experienced trader trades the markets. This is why I’ve gone to a video format for the ezine and why Tom and I make ourselves available to you during the midweek webinars. I wish I had access to information like this when I was learning to trade; it would have saved me a bundle! I had to learn it all the hard (aka “expensive”) way. If you’re like me you just can’t beat “seeing” how something is done. There’s no better, or faster way to learn.

This is a unique service and if you’re interested in day trading it is an indispensable tool for you to learn from.

Enjoy this week's issue,

Erich
erich@tradershelpingtraders.net
 

Meats

To see the video clip covering this week's Softs trades, click the link below:
http://www.youtube.com/watch?v=ID1-JpXuCjE

I should have my head examined for even considering a Cocoa trade with all the choppiness this market has exhibited recently, but we do have a clear buy signal above last week's highs. Hopefully we'll get a solid commitment from the market if it trades to these levels.

Coffee is the only other market showing promise this week and that only if prices fall back to previous support.

Cocoa

BUY July Cocoa at 1959
Exit Order: 1910
Approximate Risk Exposure: $490 per contract
Profit Target: 2177
Approximate Potential Profit: $2180 per contract
RRR: 4:1
Degree of Risk: Moderate to HIGH

I would inform the broker as follows: Please execute the following trade for my account:
BUY one (1) July Cocoa at 1959 (stop)(day) If filled place protective stop at 1910 (GTC)

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

Lesson du Jour

http://www.youtube.com/watch?v=DkG7jF3Domw

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