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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Start With An Idea For Monday 8/11 The first step in the trading process is to start with an idea. Charles Cochran's idea for Monday 8/11 is as follows: F2 Comments: Another up day in the Bond market. The rally continues. The market absorbed some selling off the less than expected...
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    What Do You Want In A Trading Room

    The OP's Position The OP, in this case me, would prefer not to influence the discussion, but rather learn from the discussion. I will have a response this coming week. Rest assured, I find this discussion very valuable and am very appreciative for everyone's efforts.
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Repetitive Patterns I know I'm sounding like a broken record, for those of you who remember records, but these conditions repeat day after day. 1. 2500v bar makes new low but is really thin, indicating a lack of selling interest. 2. The next bar retests the low on lower volume. 3...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Trading The Fed Announcement As is the norm, nothing happens on a Fed day until the chairman speaks. The all h*** breaks loose. The most conservative way to trade this news, or any news for that matter, is to wait for the set-back. 8 to 12 ticks is best, but you can settle for 6. At...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Response To limitdown I am not a Trademaven employee, but I do know that their clearing rates are scaled based on the number of contracts you trade each day. I think that that is what you're referring to when you state that everyone pays different rates. These rates are published. If you'd...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    2nd Response to Bernard111 The news day trade that typically forms on the 1st setback after the initial thrust of the news release didn't meet my parameters today. I want an 8 to 12 tick pullback, but will accept 6 ticks. Today's pullback was 16 ticks. I also didn't get a deceleration...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Response to Bernard111 Here's what I did this morning, 8/1, after the 8:30am EST news announcement. The breakout from the overnight session's highs or lows is fast becoming my first, and sometimes only, trade of the morning. The news hit right at the start of the z period (7:30 to...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Another News Day Trade Developing Today the Bond was up big after the 8:30 news. Tomorrow should be more of the same. NFP is one of the biggest numbers of the month. F2 Comments: A news day trade. Early news was much better than expected and the market rallied as one would expect. Very...
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    What Do You Want In A Trading Room

    Please Help Us To Give You What You Want The Trademave Inside Edge trading room, moderated by Charles Cochran, has as it's primary focus teaching you how to be an independent trader. Though levels are identified and trades are talked through in advance of their happening, Charles does not say...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    7/30 The Slow Grind Down On Thursday the Bond began a slow grind down after the ADP Payroll News. Unlike most news events, this one didn't have a pullback, which is our preferred way of trading a single headline news event. There are scalper techniques you can utilize to trade the slow...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Look For Evidence At Retest Of Low The Bonds had been selling since 6:40am EST when, at 10:45am, there was a 6 1/2 tick pullback. At 11:40am there was a retest of the low, but how will you decide if the selling will continue or if this is a turning point for the market. Let's examine the...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Example of a "P" Formation In the last post I referenced a P formation. Here is today's (7/28) Market Profile chart that shows the formation clearly.
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Overnight Weakness Turned Us Into Buyers Today When I split the overnight session at the "m" period, the European trading was decidedly a P formation. A P formation is indicative of higher prices. Charles Cochran's comments tell the rest of the story. F2 Comments: Started the day looking...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Develop Patience For High Percentage Opportunities The market on Friday, 7/25 had been selling steadily into the release of the Durable Goods Number at 8:30 EST. I've highlighted high volume areas (which act as both support and resistance). After the initial thrust, there was a 6 1/2 tick...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    An Alternative Way To Trade The News A news announcement can be likened to a volume exhaustion bar trade. If a high volume bar occurs, watch to see where it closes. If it closes at or very near the high, continuation is likely. Buy stopping into the market when price trades above the high...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    7/24 Early Update From the previous post, we were looking to sell going into today, but look at what happened overnight. Asia was buying. Europe was buying. So do you change your idea going into the day. The answer is YES.
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Start With An Idea One of the key elements to successful trading, as taught in the TIE Methodology, is to execute trades by starting with an idea, at a level, with the proper entry signals. The attached chart demonstrates the concept of starting with an idea. The Asian session begins with...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    TIPS Auction Day F2 Comments: The market has been trading lower and did so again today. There was no news to drive the trading. The ES’s direction was the focus and the ES rallied today. This took the Bond lower. The 20Y TIPS could not have been very good w/the selling that hit the market...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    7/21 Trading Recap F2 Comments: The market paused after several days of heavy selling. When a couple of attempts to break 114-00 failed, the way was set to trade higher. The ES had stalled further supporting the Bond. And little in the way of news to push the market either way. This is...
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    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    Putting It All Together The market was set to break. The news on a headline basis was negative for the Bond. The ES held and the Bond sold hitting 114-15 into the close before recovering to 114-315 off of the GOOG/MSFT earning’s news. The inverse relationship continues. No news tomorrow...
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