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

Quote from Joab:

Bull ship !

That's why there are only 10 non subscribers in your room.

Looks like your just another typical lying training company :cool:
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Many people have signed up for the free access to the trading room and/or the free Tuesday Webinar but have yet to attend or have already attended and have completed their free trial period.

As I write this Post there are 11 free trial members in attendance.

Is it necessary to be so offensive?
 
Recap from Friday, June 6

Following are Charles Cochran's comments regarding Friday's ZB trading action.

F4 Comments: Today’s recommendation was a news day trade. News day trades are handled by entering the market on the first setback w/the news. If the high/lows hold on the retest, exit this trade. The news was bullish. The setback trade worked. The software correctly signaled when to buy and what price. Know what you want to do, engage the market at a favorable level, a price that offers some advantage, when the F3/4 screens signal an entry. Trading strategy correctly handled a high risk trading situation. The software got you into the trade advantageously.

F4PM6-06.jpg


One pattern that repeats regularly is the retracement from a R3 or S3 level back to the R2 or S2. The purpose of the levels, which are set based on volume and Market Profile chart interpretation, are as follows:

R1/S1 - agressive entry that insures you get in
R2/S2 - conservative entry
R3/S3 - typically about a basis point from the previous day's close. These are seldom hit.

On Friday, the R3 was 114.08/12, the R2 was 113.24/28. At 9:30 EST the market shot up from 113.225 to 114.09 (18 1/2 32nds or $578 per 1 lot) in a matter of 15 minutes. This was a new daily high and there was very little retracement between the bars. It appeared that the market would continue, but instead, after hitting the R3, it reversed and 15 minutes later hit the R2 at 113.24.

This is clearly a pattern worth watching.
 
Quote from bthomas:

it means the market will do one of two things: It will continue moving in it’s current direction or retrace its recent move by trading in the opposite direction.
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That is deep. Very deep. I can't believe you're just giving that type of insight away for free.
 
6/9 ZB Results

On 6/5 I noted the regularity the Bond market pulled back 8 to 12 ticks before resuming a move. Today, 6/9, the pull-backs were as follows:

8:50 EST 9 1/2 32nds
9:30 EST 14 32nds
10:00 EST 10 1/2 32nds
10:20 EST 12 1/2 32nds
11:25 EST 11 32nds

You get the idea. This is beneficial regardless of the software you use. Now on to the Charlie Cochran's recap.

F4 Comments: The analysis going into the weekend was to buy 114-09/13 or sell failure at 114-28/115-00. The OVN session low was 114-155 and the high was 114-295. The sell against 114-28 was the first trade offered up by the market. The selling off of 114-28 wasn’t over until 113-14 was touched. The market reversed after 3 attempts to break 113-12/16 and hit 114-225 off the weakness in the ES. The idea, levels and software offered multiple selling opportunities before the low at 113-14 was established.

F4PM6-09.jpg
 
Quote from bthomas:

it means the market will do one of two things: It will continue moving in it’s current direction or retrace its recent move by trading in the opposite direction.
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Hello bthomas

So basically you are telling your subscribers that if they use your system, they will be able to know that at any given time, the market will either go up or it will go down? Is that an accurate summary of the facts? If not, can you give us some guidance in terms of the quote above?

Thank You
 
TraderNik,

I recommend that you read the Market Profile thread and the entire 3-2-1- thread in this forum for the answer to your questions.

We don't offer a system, we offer a methodology. Proper interpretation of the Market Profile chart will reveal where the really big institutional players are "likely" to enter the market. It is these players who the small trader must follow in order to be successful.
 
bthomas,

I asked this question a few minutes on your announcement thread and you had it deleted.

So in order to avoid mistakenly looking like you're dodging the question, I will ask again.

I am sure you want to remain as transparent as possible with your company, and only deleted my post because it was on the announcement thread.

Previously you said Charles Cochran was an "industry veteran" of 20 years...does this mean he is not a trader? If he was a trader of 20 years, then most likely you would have said that he was a trader, and not an "industry veteran".

Just wondering if industry veteran just really meant he was more of an analyst/broker and not actually a trader.
Usually a trader would want to be referred to as a trader and not an "industry veteran".

Nothing wrong with not being a trader, but it's important to clarify for those who may mistakenly think they are receiving trading lessons from a fellow trader, when in fact they are learning from an observer/theoretician.

Thanks! Just trying to get everything cleared up because the advertising is a little confusing! I am sure that the advertising business is pretty hectic so I wanted to help out! :)
 
Quote from Reaver:

bthomas,

I asked this question a few minutes on your announcement thread and you had it deleted.

So in order to avoid mistakenly looking like you're dodging the question, I will ask again.

I am sure you want to remain as transparent as possible with your company, and only deleted my post because it was on the announcement thread.

Previously you said Charles Cochran was an "industry veteran" of 20 years...does this mean he is not a trader? If he was a trader of 20 years, then most likely you would have said that he was a trader, and not an "industry veteran".

Just wondering if industry veteran just really meant he was more of an analyst/broker and not actually a trader.
Usually a trader would want to be referred to as a trader and not an "industry veteran".

Nothing wrong with not being a trader, but it's important to clarify for those who may mistakenly think they are receiving trading lessons from a fellow trader, when in fact they are learning from an observer/theoretician.

Thanks! Just trying to get everything cleared up because the advertising is a little confusing! I am sure that the advertising business is pretty hectic so I wanted to help out! :)
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I was introduced to Charles Cochran in the Fall of '06. I was immediately impressed, not only with his resume and tenure in the industry, but with his depth of knowledge in Market Profile and volume analysis.

Charles and I were both mentored by Pete Steidlymayer in the mid '80's. We speak the same Market Profile language. It's a language that only a few share.

Shortly after our initial meeting I asked Charlie to join our nascient program, creating a methodology to help traders, of all experience levels, improve their performance. Charlie agreed to join the TradeMaven Inside Edge team as a creator of unique trading software and as an educator.

I refer to Charlie as a Market Analyst and Educator. He, undoubtedly, is one of only a handful of educators capable of explaining the depth of Market Profile and volume analysis.

Educator, analyst, trader, advisor, expert: Charlie is all of these.

Charlie is teaching today at 3:30 in a Free one hour TradeMaven Inside Edge webinar. I invite you to listen and learn. Please register at www.trademaven.com
 
any chance I could get you folks to post some ES analysis? Bonds don't do it for me...Don't have time to sit in the trial now but later this summer I'm hoping to give it a try..

Thanks

Bruce
 
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