Hi Folks.
If you've been reading my emails for the last 8 months or so you probably remember me mentioning how you can get wealthy on a steady diet of 3 Renko Box wins at a rate of 1 net win per day.
I've gone over the steps you need to follow to make that happen, but I've received enough requests for a full walk-through that I decided this would be a good way to spend MLK Jr. Day, since the markets are closed.
So this is all you need to do, and you'll see it isn't complicated. But let me set the stage first.
This works in Futures and not in Forex simply because the payouts in Futures are 2-5x better than in Forex. Regardless of trading E-Mini sized contracts or Micro-E-Mini sized contracts (and in Forex terms think Mini-Lots and Micro-Lots). You make at least 2x more from Futures.
And that is why you can trade for a 3 box target and be making 4 figures a day in short order in Futures. but making substantially less in Forex.
I recently opened an account with MidasFX simply because I wanted access to an MT4 demo account, and MidasFX accepts everybody, including Americans and Canadians.
So I opened the USTechCash chart, which is this broker's NASDAQ equivalent CFD chart.
I took a trade for 1 micro-lot on this chart, and it cost me $251.36 in free margin to open the trade. It moved away from my entry and I closed it 4.5 points away (45 pips where each pip is worth 10 cents) and lost $4.50, and after adding commissions and fees lost $5.76.
In Futures, the identical Micro-E-Mini trade on the MNQ chart (Micro NASDAQ) cost $100 in margin to open, and a loss of 4.5 points (18 ticks where each tick is worth $.50) would cost $9.00 plus whatever fees and commissions are owed (pretty close to $2) so it would be an $11 loss.
Now that may not sound like the best sales pitch to convince you to switch to Futures where losses cost twice as much, but the wins work the same way. Just reverse loss to win.
In FX you would have won $4.50 but then had commissions taken out and netted $3.24. In Future you would have won $9.00 and paid about $2 in commissions and fees and netted $7.
Trading the S&P 500 (the ES chart in Futures) is the same, only more financially devastating if you are comparing Forex to Futures. In Forex it takes $68.63 to open a single Micro-lot and the pip values (10 cent moves = 1 pip) are 10 cents each, making a $1 gain in price (10 pips) worth $1.00.
In Micro Futures the same trade costs $50 to open, is measured in 4 ticks to equal a 1 point ($1) move. Each tick is worth $1.25 and a 1 point ($1 price) move equals a $5 gain.
So $2 versus $1 on the NASDAQ and $5 versus $1 on the S&P 500.
Strictly from a dollars and cents standpoint it makes more sense to trade Futures instead of Forex if you have a method that wins consistently enough you are a net winning trader.
But the big difference in trading the two, and this is noted by virtually everybody who switches from Forex to Futures, is that you can trust what you are seeing in Futures.
Futures is a massive market and all trades in that market, worldwide, funnel through a centralized market located in Chicago (the Chicago Mercantile Exchange).
With Forex brokers, you are trading solely against your broker's other clients, and in some instances, trading against a third party market maker who may or may not be sending in trades of their own that manipulate prices in their favor.
This happened some years ago with a broker called Trader's Way out of Dominica. A third party market maker spiked Yen prices across the board and a ton of traders saw their accounts disappear due to a price spike not found on any other Yen chart with any other broker (the spike was so large that traders in Sell trades saw price move so far against their position they got the Pink Band of Death saying they were out of available margin and their trades closed automatically, draining their accounts).
TW became aware of this criminal act a few hours after it happened, cut ties with the Market Maker, and made everyone's accounts whole within a couple of days. But the same thing has happened at other brokers over the years and the broker stood mute and did nothing to help their own clients.
So the "safety in numbers" aspect of trading through that centralized market makes it a safe place to engage in trades.
Further, it's a safe place to scale up your trades as you grow your account.
Because the volumes in the actual Futures markets during the open trading hours is so massive, throwing in a 10 contract trade, or a 100 contract trade, gets absorbed and filled within seconds, if that.
Contrast that to Forex where you are trading inside a very small universe of "local" traders (meaning only people who opened accounts with your same broker and are trading their platform). At some point, and likely sooner rather than later, a winning trader who is scaling up their trade size is going to reach a point where they can't get filled because there is no one left aside from the broker and the market maker to take the other side of your trade. And they won't bite--they've seen you trade.
So there are lots of reasons to make the switch, and if you are an American or affected Canadian citizen, the best reason to make the switch is you just don't have any other legitimate options left.
Forex brokers are shedding American and some Canadian traders in order to get various American alphabet agencies off their backs. I lost my Coinexx account for that very reason some months back.
And I was sick and tired of having to search high and low to find another broker I trusted to open another FX account offshore so I could continue to trade the Indices, Gold and Oil.
So I finally broke down and opened a Futures account, which, no puffing at all here, only took about 10 minutes to fill out their forms, most of which involved checking boxes saying I agreed to all their terms and conditions, and then clicking submit.
I expected a lot worse, and the email I got from them the next day was the one I expected to say "now send us copies of all your financial records" and requests like that.
Instead, it said "Welcome to NinjaTrader. Here is how you fund your account."
So opening the account was as easy as opening any FX account, and about as stressful (meaning not at all).
So that's all you really need to know about Futures trading (it's just like trading FX except there are a few new terms to learn, it costs less and pays better...but trading is trading if you are worried about making the switch. Prices move up and down, you have tools you can put on your chart to help you decide which direction is likely, etc.)
So with that out of the way, let's look at why you only need to net 3 boxes a day to be making a 6 figure a year income from trading Futures.
We will start with the following assumptions:
40 Tick Renko Boxes (which equals 10 points) on the NQ/MNQ chart (NASDAQ).
One ten point box on NQ is worth $200, three boxes are worth $600.
One ten 1point box on the MNQ is worth $20, three boxes are worth $60.
We trade between 9:30 a.m. and 4:30 p.m., eastern time zone (think New York) M-F BUT we focus on trading 9:30 to 10:30 a.m. because the volume during that hour is the highest.
You use your favorite method to find entries (and if you don't have a favorite method, you should consider my coaching class because we have a couple that work very well and I am testing out a third that looks extremely promising and will likely be added to the class in the next few days.
If you are using the Yellow Band method from the coaching class, you use a stop loss of 120 ticks (30 points) and a take profit of 120 ticks (30 points).
The idea is, when you hit +30 points (3 boxes) for the day, you quit and come back tomorrow (or Monday) and start over.
If you lose a trade, your first act after the loss is to get back the 30 points you just lost. If you cannot end the day at +30, at least don't end the day at -30.
If you opened the Micro Futures account with the bare minimum of $400, your goal is to earn 3 boxes a day net (meaning you end up on the day after any losses) to make $60, and continue to do so until your account sits at $1000.
At that point you raise your trade size from 1 micro-e-mini contract to 2 micro-e-mini contracts.
And again shoot to end the session at +30 points (3 boxes). Only now you are earning $120 a day per trade, and you continue at this level until your $1000 account reaches $2200.
At this point you raise your trade size to 4 micros (3 boxes = $240).
Rinse and repeat.
Trade until you have netted ahead 10 trades or $2400, and now your $2200 account is worth $4600.
And now you can trade 8 micros and each 3 box win is worth $480. 10 Net wins adds $4800 to your $4600 account and you are now the proud owner of a $9,400 account.
If you want to jump to 16 micros (also known as 1.6 e-mini contracts) each 3 box win is worth $960, or, if you find your hand shaking a bit too much when you place that trade, maybe back down to an even 1 e-mini (10 micros) where your 3 box wins will be worth $600 apiece.
So can this really be done?
Absolutely.
It's simple math.
But can you do it?
That's one you have to answer for yourself.
Here is what it takes.
1. A Method that wins more than it loses
2. A trader who has the patience and discipline to pass on a bunch of good looking setups, waiting for that "perfect" setup I teach in the class that wins about 8 out of 10 times.
3. The ability to abandon a lot of bad habits and bad tools you've made a part of your trading life, in order to focus precisely and intently only on the trades you learn to take in the class, so you can give yourself the best shot at ending the day up 3 boxes on a consistent basis.
If you already have a trading method that allows you to Buy Low and Sell High (or vice versa) then you can take what you've learned here and turn your trading into a reliable source of extra income which will grow in very short order.
But if you are someone who wants to go your own way, trade your own way, regardless of past results, and prefers to sort of freelance your trading on a day by day basis, instead of following a specific set of rules, this is most definitely not for you.
However, if you understand the importance of using a solid winning trading method AND realize that in order to get where you want to go financially, you need a little help getting your trading psyche tuned up so that you can automatically do the things you need to do to be a winning trader, this is your last chance...
I am opening my Coaching Class one more time for 5 additional students. A handful of earlier students have advanced to a point we don't need regular meetings, and this has freed up enough time I can take on 5 more.
But this is the LAST TIME I will offer this class for $495 AND include the one-on-one coaching. After this, the price of the class goes up to $795 AND if you want one-on-one coaching, that will cost significantly more (likely another $795).
So for those of you who expressed interest in joining my class AND you want to do so with a steep discount that will not be offered again...
Head over to https://simplicators.com/coachingoffer and click on the Buy Now button at the bottom of the page to lock in one of the last 5 spots that will ever be offered at this price point.
And if you don't want or need the class and are doing well with your trading, I hope you are able to take what you learned in this email to start growing your accounts to a point where money is never an issue in your life ever again.
Jeff