Simple Emini Trading - Part 2

"Any idea, plan, or purpose may be placed in the mind through repetition of thought."
Napoleon Hill 

Emini Master Mind Course

Chapter 1 - Empty Your Head And Start Over

As we begin our journey to learn this business of trading we are a blank slate, an empty vessel. Hungry for knowledge and "hot tips", we are extremely vulnerable. If someone says something with a little conviction in their voice and enough swagger in their walk, we tend to believe them. If they say it enough times and it goes unchallenged, we eventually write it on the tablets of our heart. This is our first big mistake.

"Yet who are we to question the teacher" you ask, "when we ourselves know so little"?

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Simple Emini Trading - Part 1

"That's been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains."  Steve Jobs

Emini Trading Made Hard Simple - Part 1

So two Candlesticks walk into a bar...  I wish it were that simple. Let's face it, if Candlesticks drank they would be half-lit all the time. Time? I'm sorry, what time is it? Oh my, this Candle leaves every hour on the hour unless of course you catch the Fib Express which leaves the station every 1-3-5-8 (infinity) minutes so you never miss the bus unless you know the driver -  Elliott, who always waves as he goes by, but oh dear, I do believe your question was about simple. Simple can't be the answer because that's just a lot of Bull, but please Bear with me and I'll find someone who can point you to the Market, There he is, such a nice Profile but a bit sketchy. One minute he's High and the next he's Low, but it all has great Value according to our one man band -  Bollinger, now there's a hoot. Don't get me wrong, if you're looking for simple I'm sure I know someone, I just can't think straight with this Ichimoku running up my back. If Woodie were here he could tell you in a minute. He wood call out his CCI squad and they would have your DNA - EMA and oh yeah..... even your SMA under their scopes in no time. And then...

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Simplifying Your Emini Trading - It's Complicated

The ability to simplify means to eliminate the unnecessary so that the necessary may speak. Hans Hofmann 

Simplicity - A Complicated Concept For The Emini Trader

Our ability to profit from the movement of market prices can be reduced to:

This

Or This

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The Fundamentals Of Emini Futures Trading

"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain."   Robert Frost

Fundamentals Of Emini Futures Trading

As Technical Analysts by trade, it is often difficult to pick up the newspaper and surmise how the hive mind will choose to react to a given set of circumstances. From hurricanes, to crop reports, to Presidential elections, that fact of the matter is -  public opinion does become group action which ultimately turns into ticks on the tote board.

Fundamental Beliefs

It has been suggested on this radio program more than once that technicals front run fundamentals. It's a "beautiful mind" type of argument best reserved for front porches over iced tea. The purpose of this radio program and blog, is to help you the trader do one thing - Earn Money Daily. That's our goal.

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CME Scheduled To Reopen

CME Group will reopen its U.S. equity index futures and options on futures markets today at 5:00 p.m. CT for overnight electronic trading. The equity index markets will close tomorrow morning October 30, at 8:15 a.m. CT for both the trading floor and CME Globex in coordination with the announced closure of the U.S. equity markets because of Hurricane Sandy.

CME Group’s interest rate futures and options on futures including Treasury, Eurodollar and Fed Funds will reopen at 5:00 p.m. CT today and resume normal trading hours, including remaining open tomorrow, October 30. The re-opening for interest rate markets applies to both trading floor and CME Globex venues.

In addition, as a result of New York City’s continued mandatory evacuation of Zone A, which includes CME Group's NYMEX World Headquarters and New York trading floor, the New York floor will be closed on Tuesday, October 30. All New York floor-traded products will be available on ClearPort as well as CME Globex during their regular market hours.

All other CME Group futures and options on futures markets will remain open.

We will continue to monitor the situation as well as continue our coordination with other exchanges and will keep you updated as information becomes available. Source: CME Group 

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US Markets Closed By Hurricane Sandy

We will update as we have more information...

CME just announced Electronic Markets will remain open.

New York City has issued a mandatory evacuation of Zone A, which includes CME Group's NYMEX World Headquarters and New York trading floor. As a result, the New York trading floor will be closed on Monday, October 29. We will open all of our electronic markets at their regularly scheduled times on CME Globex and CME ClearPort, our online electronic platforms. We will continue to update cmegroup.com as additional information becomes available. Source: CMEGroup

CFRN will broadcast our Daily Radio Program as scheduled.

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Emini Podcast For Thursday 10/25/12

Thursday night is our weekly CFRN Partners Meeting where we focus our attention and energy exclusively on those who have made a decision to Learn How To Trade.

If you are ready to Build Your Emini Business, you need to be a CFRN Partner.

We Are A Community Of Believers Who Trade For A Living

We will be back tomorrow night with more commentary, charts, tips and strategies.

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Fibonacci Extensions For Emini Traders

Understanding Fibonacci Extensions For Emini Trading

In our first article Fibonacci Tips For Emini Futures Trading we discussed the application of Fibonacci Retracements in the context of an uptrend. In the second article of the series Fib Tips For Emini Traders - Part 2 we discussed the same principles with a focus on their application in the context of a down trend. Both articles are complete with chart examples and in Part 2 we also used a Live Blogging format during the Sunday night Globex open. The purpose of the exercise was to move away from a purely historical chart and give you real world exposure to the Hard Right Edge.

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Emini Trading Update

Markets declined across the board today on weakness abroad, earnings season at home and a US Presidential Debate that left many voters still undecided with only 2 weeks until we head to the polls.

Emini Trading Update

What would have gone out last week as a TWEET, went out instead as a CFRN Partner Swing Trade. If you've been following the blog and the show, you know I went kicking and screaming. However, today as I sat behind closed doors I was asked a critical question -

"What is CFRN's Educational Mission Statement as you originally defined it?"

I stroked the stubble on my chinny-chin-chin, and quoted it verbatim:

"To equip and train believers around the world to become traders
for the purpose of accomplishing God's call on their life.
To recognize that not all men are called to become traders.
To steward those placed in our path with love and grace."

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Emini Podcast For Monday October 22, 2012

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by DeWayne Reeves

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Emini Podcast for Monday 10/22/12