Just a quick note to say THANKS again for providing a solid framework in Market Profile (MP) trading for any motivated trader.
To any individual contemplating the benefits of joining ETS’s trade room or taking the MP Seminar, all the tools are provided to be successful trading many markets.
The missing ingredient is your effort, and I don’t say that lightly, this can and is the most rewarding and challenging endeavor you’ll ever experience (except climbing Mt. Everest). As I reflect on my trading path, which began two years ago, the following summarizes my steps:
Bought the software for Trade Station and Ninja Trader
Participated in the ETS trade room
Began to understand how the markets work
Ask questions and engage Greg and Giles to discuss MP and markets
Attend the ETS Market Profile Seminar, twice
Read MP Books
Did homework every night, and morning
Practiced MP set-ups using Market Replay on NT based on trading plan for specific days
Continue to practice-drill-rehearse and have face time with chart
Greg’s passion for trading is infectious, he is able to articulate the market profile charts used with ETS into valuable trade set-ups according to the trading plan and day type. ETS offers the best MP software, the best trading room and the greatest opportunity to learn how to trade using Market Profile with consistent positive cash flow.

We do the calculations using NinjaTrader 7 and Tradestation Charting and with our automatic market profile software and market profile charting.

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Have a Great Trading Day!

Did you know that Bargaining with Emini Trading is one of the five stages of loss we all feel? Recognize these four automatic reactions, and you will be closer to overcoming your day trading emotions.

The Four Stages of Loss: We can all remember traveling through this series of emotion.

Denial: “This is just market noise. The emini es futures market will come back and go in my direction…” Emini Trading Concept Solution: With Market Profile Trading we understand WHERE the market will stop and to the tick and most importantly WHY!

Anger: “Darn it! Why is it so easy to lose! I hate the emini trading! There’s no way to tell what’s going to happen!” Emini Trading Strategies Solution: With the Emini Trading School Auction Market Theory and using the Market Profile Trading Software for Ninja Trader or Trade Station the emini futures market data is not RANDOM anymore!

Bargaining: “If it will just come back, I will break even, and I will never make that mistake again! Come on, just come back!” Emini Trading Room Solution: With the Market Profile Charts and the Value Area understanding the emini trader will know if the tick price will be rotational, thus returning to the value area and being a balanced market. This is the Value Zone.

Acceptance: “Alright. If I get out now, I’ll only loose this much. It was an expensive lesson. I’ll do better next time.” Trading Market Profile Solution: As a market profiler you will do what you see and not what you think and then realize being flat in the emini es is a valid auction market theory position.

Watch for these day trading emotions. It is amazing how accurate they are and how every day trader experiences all five stages, in the same order.

Reduce Emotions While Day Trading:

Over weighting: Do not be in a position where one emini, dow, nasdaq, crude oil trade can make or break your emini broker account. The less each day trade means to your account, the less emotion you will have. Profile Traders Solution: While market profile trading the emini futures there will be responsive reversals due to floor traders who are too Long(long liquidation) or too Short(short covering) and on Normal Variation Days.

Ego: People do not like to be wrong. After we take losses, we are angry, and want to get back at the market. We’ll enter trades just to get our money back, without forethought or consideration. A trade made irrationally from the beginning is doomed to fail. Emini Trading School Solution: Most System Vendors and Page Trader style day trading software is about their own ego with emini trading strategies that are looking for indicator patterns which will never tell you where emini price is going. The auction market theory has been around since the conception of mankind and reflects the auction process and not some indicator software package that is the brainstorm of a trader who is looking for random luck within the emini futures market. By understanding the 4 W’s of day trading your ego or their ego will not be involved in the decision bar process.

Excitement: Games are meant for excitement. emini trading for long-term gains is an investment, and should not be used for excitement. emini software trading is a business, and should be treated as such. Bell Curve or Value Area Solution: Market Profile Theory clearly shows up on your market profile NinjaTrader charts indicating to the day trader there are 1 to 5 value area emini trades per day. Daytrading the value zone is about quality not quantity of day trades. Us market profilers get paid to wait!

Fear and Greed: Fear and Greed can arise from both winning and losing emini trades. In winning trades, greed wants more profit, we don’t want to miss move, and we stay in a winning trade too long. There is also the fear of losing the profit we already have. In losing trades, fear makes us resist cutting our losses, in hopes that the trade will move back in our direction. Commercial Capping Solution: The Institutions us the Initial Balance Levels as emini profit targets and as support or resistance. With market profile training you will then understand the day type and when to use the initial balance, 1 ½ times IB, 2 times IB and 3 times IB with your day trading.

Fear of Success: Did you know that most emini traders are afraid to win? There are many reasons that people are afraid of success. Online Trading Academy Solution: Use the free day trading software “Portfolio Maximizer” which allows you to harness the same force that Einstein called, “The most powerful force in the Universe.” Einstein knew the power of Compounding, and Portfolio Maximizer shows you how. When applied conservatively and methodically, compounding is a powerful tool to grow your account more quickly.

Fear that you will accomplish all that you set out to, but that you still won’t be happy, content, or satisfied once you reach your goal. 6 Day Market Profile Seminar Solution: Let the emini trading school teach and with traders international understand What, Where, When, and Why the emini futures will do what they do during the trading day.

Belief that you are undeserving of all the good things and recognition that come your way as a result of your accomplishments and successes.

Opposite of fear of failure, in that fear of failure is the fear of making mistakes and losing approval. Fear of success is the fear of accomplishment and being recognized and honored.

Lack of belief in your own ability to sustain your progress, and the accomplishments you have achieved in your life.

Fear that your accomplishments can self-destruct at anytime.

Belief that no matter how much you are able to achieve or accomplish in the emini arena, it will never be enough to sustain daytrading success.

Belief that there are others out there who are better than you, who will replace or displace you if you do not maintain your performance record. 5% of all emini futures market traders take 95% of the losing day trader’s money. Futures, Commodity trading is a zero sum game. Over time you will see the 95% group of emini trading strategies are indicator traders on Ninja Trader or Trade Station charting platforms. The 5% of winning day traders will be using various emini trading school market profile techniques.

Belief that success is an end in itself; yet that end is not enough to sustain your interest and/or commitment. Success in the end with proper auction market theories will result in low stress emini trading that does not depend on ego indicator software packages.

Fear that once you have achieved the goals you have worked diligently for, the motivation to continue will fade.

Fear that you will find no happiness in your accomplishments; that you will be perpetually dissatisfied with life.

Consider the high percentage of novice emini software traders who never become successful over the long term. The overwhelming majority of individuals empty their first live account TWICE! Why is it so hard to become successful?

Most people are afraid of success, especially when it means easy money. Most of us have been taught that we must work hard for money. The harder you work the more reward you will get. If you want easy money, you’re a lazy dreamer. We have been taught that wanting money is bad and selfish. Buying a system vendors indicator software package or using emini trade calling rooms without learning how the market does auction means any trading gains will be random luck.

Becoming a successful emini trader actually invalidates the reason we worked hard all our lives.

Conclusion:

As you can see, our emotions control our every action, without us even knowing it. The only way a trader can remove his emotions from trading, is by following a constructed trading plan. Emini Trading School software provides the plan. All you need to do is follow through.

[13:45] Sandy Treutler: unreal 5 pts
[13:46] Sandy Treutler: on top of the other 2 1/2

[13:58] alan lee: thanks Greg, missed the first 2 hours (Ninja Turtles)
[13:59] alan lee: but ended with + 16 points

We are the number #1 trading room on the world wide web. We use low risk market profile trading entries along with our ecourse missing link trading software for both NinjaTrader and TradeStation. Imagine trading with a 1.00 point risk to make 10.00 points, well you will learn in the  EminiTradingSchool.

If the emini es gets above 1046.75, then look for 1055.75 as a magnet, then 1069.75 as areas of resistance to monitor.
If the emini es gets below 1030.25, then look for 1024.50 and as areas of support to monitor for intra-day long initially.

We are market profile traders with automatic market profile software for both Ninja Trader and TradeStation.