RJH Trading - Realtime Trading Signals

I see I still haven't been able to discourage you so I guess I'll have to try even harder...

The primary value in any training program lies in the real-time component, but it's been my experience that it's best to "prep" someone first instead of going immediately to real-time because that's akin to trying to quench someone's thirst with a fire hose. So after years of trial and error here's the format I use for the training program now - First you purchase the Course for $1,750. Then we'll spend 4-8 weeks working on the methods after market hours to prepare you for real-time. And once we both think you're ready we'll get you setup for the chat room which costs $400/month.

I know people are naturally impatient (or think they know more then they do) and would prefer to go real-time right away, but my job is to help you (not tell you what you want to hear) and spending those 4-8 weeks with me first just makes everything about the process easier and in the end actually shortens the learning curve.

The trades and commentary in the chat room are not trading recommendations (please read the disclaimer), however you are welcome to trade along side of me during the learning process as long as you understand that you, and only you, are responsible for your own actions. The primary markets traded are Euro/BP/QM/Bund along with ER2/YM. Frequency of trades is dependent upon timeframes and market conditions - not methodology, but I would estimate that on average there are 2-3 trades per day on either market with the average risk per trade being 1.5 points on the ER2, 15 ticks on YM, 10 ticks on Bund, and about 10 ticks on QM. The Euro can vary quite a bit (12-24 ticks) but it is a great market and my favorite one to trade.

I wasn't sure where to put these on the site so I decided that here was as good a place as any. There are three positions available to you - long, short and Flat. In my opinion it is more important to know when to trade than it is to know how to go long or short - especially when it comes to the indexes. Some days we may trade a little more often than mentioned above, but on other days it may be less or none. But the strategy is always the same which is to wait patiently for the market to setup in a way that we want and when there is good potential for a decent move. This allows you to run a high percentage of winners, keep the losing trades small and the winning trades larger than the losing trades.

You should also have different position sizes when trading and this is something you'll hear me talking about frequently. Some environments warrant normal "size" but other environments warrant a smaller position or just avoiding it altogether. The trick is to be aggressive when the market is moving the way we want/understand and to be conservative when it isn't. That way you take full advantage of the good periods and stay out of trouble during the quiet or choppy times when you can't resist the temptation to take a marginal trade(s) out of boredom.

If there is one single thing that I see traders constantly doing wrong it's Stop placement. First, there is a big difference between the initial Stop and a Trailing Stop. The initial Stop is static and doesn't change until it becomes a Trailing Stop (e.g. the trade works) or it gets hit (doink). A Trailing Stop is dynamic and will change as a trade progresses. It will frequently become larger than the initial Stop too, and can't be moved until the Market lets you move it. Your pain threshold plays no part in either one, and if it does then you will be forever banished to the liquidity pool. Needless to say I spend a lot of time on this concept in the course.

As mentioned previously, learning the methodology/how to read a chart is the easy part - developing the trading skills required to be able to execute that knowledge profitably is the real challenge and is a process you MUST go through (and one that can only be done with real dollars at stake). It consists of the following oversimplified steps:

I'd also recommend avoiding the ES. It's easily the most difficult market to manage a trade in and the absolute worst market to learn on. It will make the learning process much more aggravating, lengthy and costly than it needs to be.

Required Regulatory Reading
NFA REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.

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