Author: Ryan Jones
What I am about to give you is void of filler. Often times, trading strategies sold in the industry have 300 pages to say what can be said in 10. That is not what you are getting with this trading strategy. This strategy is being given with the assumption that you already have a working knowledge of the S&P E-mini market and trading in general. In short, the basics of trading the S&P and Emini are left out. This is not an education course on psychology, proper money management or any other element of trading. It is a manual that gives the rules, illustrations and explanations of a very powerful, yet simple trading strategy that has huge potential for consistent success in day trading.
Having said that, what I am about to show you is not the holy grail. It is not some magical formula that holds the underlying framework of how the market moves. It is a strategy that has repeated over and over and over again for years and years.
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First is that when a pattern repeats itself, it does not do so on a specific basis. In other words, the pattern is much like snow, fingerprints, etc. No two are exactly the same.
There are millions of variations and differences with each repeat of this pattern. It is IMPOSSIBLE to figure out how to take advantage of every single variation…and traders DRIVE THEMSELVES NUTS trying to do so.
This is the problem with trying to create a 100% mechanical system. You are trying to include as many of those circumstances as you possibly can while trying to maintain the logic of the approach in the first place. Yet, all of your efforts will still produce an occasional loss even though the pattern occurred and in fact repeated itself. Second, there are simply times when it looks like the pattern is going to repeat itself, and doesn’t. In fact, there are types of market action that will produce several losses in a row because whatever is going on in the market is not conducive of the pattern repeating itself.
In short, when this system goes into a drawdown, don’t call me or email me complaining. On January 2nd, 2006, I am going to be implementing this system and attempt to beat my previous record and turn a $15,000 account into over $108,000 by March 31st, 2006 (previous record was just over $107,000 in less than 90-days). This is the system I am going to use because I believe it is the system that will give me the greatest chance for success.The specific money management strategy that I will use is covered in the last chapter of this manual.