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Today we broke out to new all time equity highs during the US Session with our tried and true EURUSD 5 Minute Chart Tradeplan as published on the SST Owner’s Club website.  Up until now, the SST has only been available to paying members. 

I’m going to be giving a couple free presentations at the Technical Analysis Expo this month in Paris; March 23rd and 24th.  While there, I will be unveiling a new product we are releasing, the SST Focused.  This is a chance to test drive the SST for zero risk, and no money out of your pocket.

The SST Focused is a super streamlined version of the SST that has been hardwired with one of our best tradeplans.  You will be able to install it on your Tradestation or MT4 chart and give it a test drive for a month or so.  Maybe even a bit longer.  I’ll be giving out the links at the Paris presentation, for those interested.  Let this be an excuse to finally take that Springtime trip to Paris, write it off on your taxes and get a free copy of the SST Focused EURUSD 5 Minute Chart Tradeplan with the SST hardwired right into the plan.  Just follow the dots. 

As I said, the EURUSD broke out to new all time record profit levels for us today, picking up a rather large winner.  At the time of this post, the trade was still going.  It already has over +80 pips of profit locked in.  Not bad for a single daytrade. 

Here’s a short video that covers today’s SST EURUSD 5 Minute Chart trading on an MT4 chart.  It did the same thing in Tradestation, by the way.  SST Focused Owners would have seen the exact same trade and would have been able to trade it in the exact same way. 

Stay tuned for more details as the SST Focused roles out.  We’re going to release a new tradeplan with the SST Calc hardwired to perform for that specific plan, every now and then.  I’ll be releasing another very powerful SST Focused demo in Paris too.   Hope to see you there!

Play Video

Futures were nothing short of spectacular today with the SST in our Live Traderoom.  The Russell began its new June contract with a bang!  As it wound down its March contract this week, in front of the big Non Farm Payroll and imminent contract rollover, it certainly struggled and we went one step back, Tuesday and Wednesday.  But yesterday and today and began could be the beginnings of a new two steps forward. 

We’ve seen this action in the Russell over the past few years.  Hopefully history will repeat itself and the June contract will be as spectacular as last year’s and 2010′s.  Today we certainly a great start.  The Russell struggled to hit full target on its first two trades, stopping out with partial profits.  The 3rd was the chart though.  It not only hit full target but the trailer delivered another 7 plus points for a +9.7 point trade.  We ended the session up, +12.1.  The best sessions follow the worst and while we still ended down -10 points on the week with two positions, this is nothing new.  Two steps forward, one step back, two steps forward, one step back.  Over and over again.  The SST is fast to recover.  I suspect before two long, we’ll be breaking to new profit levels again very soon.  Don’t miss the run.

See Today’s Russell eMini Trades

Crude Oil Futures DID break to new profit levels for us.  We finished today with +.37 today, also finishing with a couple very strong trades.  We are up $8.97 for the year with our basic two position approach with the SST.  That’s $8970 so far with one contract per each position.  CL also had its momentary one step back moments but as is always the case, it came charging back with strong gains and new record profit levels.

Wheat Futures made all new profit levels on Wed.  Took a step back yesterday.  And then marched to new record profit levels again today, gaining + 12.5 points on two trades within 43 minutes of trading.  The reason it took longer than usual is due to the nice runner we rode out on both trades.  Wheat is up +26.5 points, +$1325 on just 9 trades.  We won 7 out of 9 this week.  We’re up +98.5 points on the year.

See Today’s Wheat Future Trades

Currencies were flat to negative a bit this week, depending on when and how you traded them.  EURUSD had two breakeven trades today.  EJ had a short trade that could have easily been avoided with a key level adjustment at obvious support levels.  Most of the best trades continue to occur during the European hours though on both markets.  Let’s not forget though that EURUSD did make all new profit levels for us this week and is sitting right at its equity highs. 

SST Owners can look forward to some new tradeplans being posted on their Owner’s Club Private site over the next few days. 

It’s still not too late to get on board the SST.  We’re about to take it off the market anytime though, after a very successful launch last week.  Anyone jumping on the SST Train is getting onboard at what should prove to be an excellent time.  As stated, this is the time of year when our equity curves start to zoom to new record levels.  AND, we have thrown in a FREE Advanced Training Bootcamp taking place for all new SST members this March 29th.  New members can attend live in London or from the comfort of their own homes over the internet.  We will be streaming it live and you’ll be able to interact live as well.  This will be a nuts to bolts SST bootcamp style training, which typically sells for $1000 buckaroos.  We’re giving it away free for new SST members making this the best time to get started with the SST. 

I will also be giving two presentations at the Technical Analysis Expo in Paris, March 23 and 24th.  If you ever needed a way to write off a European trip, here’s your big chance.  Paris, then London, and lots of fun to go with it.  Hope to see some of you there.

Despite tough trading in front of this week’s NFP (Non-Farm Payroll) report this Friday, we are slugging it out and winning the war.  Anyone following our traderoom results would know that EURUSD racked up nearly +3000 pips last year, August thru the end of the year when we converted our traderoom to a signal service and started keeping official track of the US Session trades. 

You would also know that the first couple weeks we hit a one step back and have been fighting our way back ever since.  The fact is, that from our lowest point this year at the end of the 2nd week in January, we have fought our way back over +500 pips and are now up +130 pips for the year and all new record profit levels.  I realize that +130 pips isn’t the greatest result.  But we have to keep things in persprective.  Markets do what they do and all trade methods will slump from time to time.  The fact is though, we just got over the +3000 pip level.  The reason why is because of our patient and tight trade management rules and by sticking with the plan.  We have had a lot of 1 pip/breakeven trades this year which has kept us close to our equity highs. 

seem to have been half a step behind these past couple months, missing a lot of winning trades that triggered in earlier than our US start time.  Our patient style has kept us in the game though and we have climbed back on top, showing the resiliency of this SST Tradeplan once again.

EURUSD 2012 Equity Curve (US Session)

Wheat Futures have also continued to be stellar for us.  It is on a +40 point winning streak, winning the last 6 trades in a row.  It broke to all new profit levels again today for +96.3 points gained in 2012.  All of this with 30 minutes of trading or less, per day.  Today we hit a larger runner for +12.75 points.

See Today’s Wheat Trade

See Equity Curve for Wheat 2012

Forex and Futures trading keeps chugging along, hitting on all fronts, winning in market after market with the SST.  New SST Owners should be thrilled!!  It is still not too late to pick up your copy of the SST before it is taken off the market.  Like this, we can control how many are out there and also assure complete customer service and training to our newest members.  Don’t delay though.  This is going to be a banner year, which of course, is evidenced by our ongoing winning ways.

Today, a day when Bernanke had to ‘tell all’ before Congress, the trading was nothing short of spectacular.  Here’s how we did in the traderoom.

TF:  + 3.5 points; $350

CL: + .61; $610

Wheat: + 11 Points; $550

EURUSD:  + 113 Pips (we hit all time profit levels today on EURUSD.  This has been a patient trade plan for us so far this year.  The patience is now paying off as we are at our highest profit levels since August, 2011, during the US session.  The Euro session has been on fire all year, too.)

EURJPY:  Modest Gains, but positive none the less.  + 9 pips

Many other markets are hitting targets on various timeframes; forex, stocks, futures, etfs, etc.

Another notable trade we talked about in the traderoom today is the USDCAD.  Currently in a short end of day swingtrade.  The same tradeplan applied to the hourly chart just hit a big full target this morning for +60 pips.

See USDCAD Trade on MT4 Chart

In our Live forex and futures Traderoom, the markets gave new SST Members a warm welcoming party today, playing their favorite music over the loud speakers; Cha Ching a Ling ding a ding a ding dong dang!  After enduring a consolidation day yesterday, the markets came roaring back, as is so often the case.  Crude Oil was on fire, giving our basic tradeplan users a nice first winner of the session.  We then stood down and waited to trade the Crude Oil Inventory Report as we typically do on Wednesdays.  This being a 4 day trade week, the report came out today instead.  We proceeded to take a small managed loss on the first trade after the report, but then caught a nice winner and finished with our power of quitting goals intact, +.23. 

Some traders are using the alternative tradeplan that we often discuss in the traderoom, treating today like a regular session and then trading the Inventory Report as an extra 6th session.  There were huge gains today early on so a big congrats to those members.

The Russell marched back from a tough session yesterday, erasing the minor setup and forging forward again, winning 2 out of 2 and posting a juicy +8.9 Points.  Awesome!

Wheat Futures also gave us an easy session, confirming our claims of sometimes finishing with our tradeplans in just a few minutes.  Today, after 13 minutes of trading, we had hit our goals and finished with +4.75 Points.

The EURUSD gave us an interesting sequence as well.  We hit our first full winner, short for +20 pips.  Later, we reversed to long and a few minutes later found ourselves adding to our long position.  Both those trades stopped out at breakeven.  Such is the EURUSD during the US session these days.  European traders enjoyed a very nice moving session, as we have also seen so far this year.

What was interesting about our EURUSD session though was how the SST Pro gave us some optional NEW addon possibilities.  We were able to use the GetBob to Add to our Addon position, which scalped us a full target, which was great to see.  It was small but profit is profit and the setup was perfectly tuned, + 6 pips after spread and + 2 more on the trailer.  We also saw an unusual Addon to the GetBob, we a yellow Reentry setup.  This is a new addon we put into the SST Pro Calc.  That trade is still going.  It almost stopped out at a reversal short entry but it missed by 3/10s of a pip and then went higher.  At the time of this post, stops have moved up locking in 1 pip, assuring a risk free ‘addon to the addon to the addon trade.’  lol..  Daytrading requires patience sometimes.  13 Minutes of Wheat futures to hit our goals today, but the EURUSD requiring a lot longer, obviously. 

See EURUSD Trade (earlier); when I took this shot, the final addon yellow trade was still going.

EURUSD Trades (later); the final addon yellow trade is still going, but it avoided stopping out and hit its full target.  Both additional addons made a huge difference today in this market.  It’s important to understand the philosophy behind the SST and why it works the way it does so that you are positioned to take these types of trades when they come along.  It’s all about the Trigger Line and what it tells us about momentum and direction when combined with SST trade setups.  The fixed target grabbed another +18 pips.  The trailer has +19 pips locked in at this moment which is the worst case scenario if it rolls over.  That would result in +65 pips for today.  We’ll see how it plays out.

The EURJPY was the only drag, getting into one short that quickly turned around and stopped out.  Oh well!  EJ has been great all year.  It was in consolidation mode after a nice earlier part of the session.  – 32 pips on the two positions

As our Seven Summits Trader (SST) 2 Year Anniversary draws near, I thought it would be a great idea to review some of what we have accomplished, trading live in the markets each and every day with the SST.  We’ll look at the Russell eMini, our pioneering market today, and then tomorrow we’ll cover some of our other favorite markets.

The timeline of events with the Russell eMini tells the story though, regardless of what market you trade.  It’s the same pattern across the board.  Winning then and winning now!  Check it out.

• 4/5/10:  Introduced our new trade system to the traderoom and began calling live practice trades in the Russell eMini.  After a Friday session, we finished the first week up +9.1 points with what soon became, the standard SST two position approach.
• 4/19/10:  We decided it was time to take our new system OFF of practice mode and to begin officially calling live trades.  Members of the traderoom had already been trading live anyway, throughout the first two weeks of practice.  We ended the month with two strong winning weeks and posted a Net Positive +21.3 points.  We were pretty stoked.
• 5/10/10:  It wasn’t long until we were posting our first + 50 point milestone profit level.  In fact, we gained a huge +48.7 points the first week of May and had already set our sites on the 100 point milestone.
• 5/21/10:  In fact we blew it away the very next week, gaining another +34 points for the week.  We had amassed +120 points in our first 7 weeks of trading our new system.  This was huge considering it took us nearly an entire year to hit +150 points in 2009!
• 6/30/10:  + 200 points!
• 8/27/11: Dawg Days of Summer ended with us hitting + 253.1 points!
• 10/1/11: + 300 Points
• 11/19/11: + 408.8 points (November finished with a +66.5 point net total)
• 12/30/10:  + 454.7 Points (Finished December with + 31.4 for the month)
• 2/4/11: + 510.8 points!  We passed the + 500 point level this week, 10 months after going live for the very first time.  (Jan gained + 36.1 points)
• The rest of 2011 was like a carbon copy of 2010.  On our one year anniversary, we had gained over +500 points.  By the end of 2011, we had amassed a total of +488.7 Points for a grand lifetime total of +947.1 points.
• 2012 has begun exactly how 2011 ended.  On fire!  As of today, we have already gained +44.6 points.  Today, we hit our all time profit level again, winning 2 out of 3 trades and finishing the session with +2.7 points.  We have a total of +991.7 points and are less than 10 points away from the ever difficult to achieve, + 1000!
• That’s $100,000 in gross (before cost) profits on the Russell with our standard 2 position SST approach.

That’s just a timeline of what has happened in just one market.  Try to remember what we were going through in the world over the past two years; all the various conflicts and crises, the ever changing and challenging market conditions.  Then relate it to the SST milestones that we achieved each step of the way.

Throughout the last two years, you could see these milestones occurring on our blog.  Just going through the archived posts over the months will have you reliving these exciting times.

Is there any doubt that we will be writing about hitting the + 2000 point level?  You could be on board for the next +1000 Russell eMini Points.

• We make it easy for you!
• Great system, proven over the test of time.
• It worked then, it works now and it will continue working!  Why?
• The Philosophy is timeless, incorporating all Seven Keys to Successful Trading, built right into the method
• Great training to go with it, live in the markets every day!  Who else does this?

You just saw the Russell eMini story.  But that’s not all.  We trade other markets too, of course.  Tomorrow, I’ll give you a rundown of some of our other favorite markets; Forex, Crude Oil Futures, Wheat Futures, Stocks, ETFs and Options.

Buyers, sellers, bars on a chart.  The SST puts you on the winning side of the trade and puts you where 90% of the ‘other’ traders wish they could be — Consistently winning and profiting in the markets.

If you want to hear all about the newest, most lucrative developments, make sure you block off some time on Wednesday, February 22nd and get your seat for one of our 2 live release webinars in advance (we’re going to fill up FAST). Here’s where to register:

*** Click Here to Attend the 12pm Eastern (New York Time) Webinar ***

*** Click Here to Attend the 6pm Eastern (New York Time) Webinar ***

There were some tough trades this week.  All in all, the SST ended up very nicely, ending the week positive on 4 off our 5 markets.

The EURUSD continues to be a half step behind the rhythm, it seems.  The best trades continue to happen during the early morning hours.  Today was not different.  Still though, the EURUSD managed to get above par earlier in the week, and actually hit all new record profit levels.  It ended the week down, -34 pips.  It is right beneath its high water mark.  Patience is required.

The EURJPY continues to make all new record profit levels.  It ended today down -26 pips but ended the week up, +46 pips.  It’s one trade below its high water mark.

The Russell eMini hit all new record profit levels today, ending the session up, + 1 point.  It ended the week up +11.7 points and now has +39 points for the year.  We made +462.6 points in 2010.  We made +488.3 points in 2011 for a total of +950.9 points going into this year.  Today, we hit the all time high water level, +39 points for 2012.  We are merely 10.1 points away from the big +1000 point lifetime milestone with the TF and SST.

Crude Oil was its typical difficult, slippery self, requiring perfect trade executions at times.  The market was very jittery and fast moving.  Perfect trading netted +1.45 for the week, and new record profit levels.  I would say though, that most traders finished with less.  There was a short this morning however, that was very difficult to catch.  One could have marketed in for a risky execution but I would estimate that profit levels on CL this week were realistically around +1.00 or so.  Much depended on whether trading a single or double position approach.  Perfect trading resulted in +.56 today.  Missing the middle trade, as many did (myself included) resulted in only + .08 to +.11 ticks depending on how one might have adjusted their stops on the first trade.

Wheat continues to be Wheat.  GREAT!  We ended the session pretty much flat, up just 1 tick before trade costs.  The week ended up +13.50 points at $50 per point and is up +60 points for the year.  Definitely continuing to be a TOP performer.  Best of all, it only requires 28 minutes per day and usually quite a bit less.  Traders trading a bit longer would have ended even higher for the week.

The SST continues to work well across many types of markets and timeframes; forex, futures, stocks, etfs, daytrading and swingtrading.

Today, we are leaving old profit levels in the dust with both our futures and forex trading.  Record Levels were recorded today on ALL five of our Live Traderoom markets.

Today, the Russell was perfect, going 2 for 2 for +3.1 Points.  In fact, it is 4 for 4 this week so far and has hit all time new profit levels.  We’re winning at 69.8% and have made +34 points for the year.  We’re a few trades away from our record breaking +1000 points level since going live with SST in April of 2010.

Crude Oil Futures were 2 for 3 today, ending our morning with +.35, $350.  We’ve won 5 out of 6 trades and have made +2.13 in the last two sessions, +$2,130.  We’re up +7.21 for the year, $7,210.

As of the time I am writing this post, Wheat futures won its first trade and is currently in its 2nd trade.  Prior to this live trade, we were up +3.5 for the day and are 2 for 2 this week, up +8.25, $412.50.  We are up +55.25 for the year, +$2762.50.

The EURUSD is establishing itself in profitable territory for the year but still has some catch-up to do.  Today, we were 2 for 2, for +36 Pips.  Yesterday we got positive for the first time this year.  Today, we are up +67 pips and up +106 pips for the week.  We are also winning 70% of our trades this year, which is a tiny bit lower than last year, but look for that number to stay steady.  In fact, I suspect it will begin to tick up at some point as we continue to make all new profit levels.  While we are only up +67 pips for the year, we are at all new record profit levels since last August, 2011.

Finally, the EURJPY.  What can I say?  We’re using the SST Simple (with the SST Pro Calc).  It is on fire!  Today, we got into an early Reversal trade and then a few minutes later, we actually added to our position, as per the tradeplan rules.  Full targets were easily hit on both.  The trailers however, are still going!  If they were to stop out at the current stop’s location, as of this writing it is at 101.63, we would end the session up +173 pips.  That’s the worst case scenario, at this point.  I think we’ll be closer to a +200 pip session but we’ll just have to wait and see if it continues to get better.  As of today, we have a 73% winning percentage with EJ this year and are up +501 pips, all new record profit levels and life looks pretty darn good for EURJPY daytraders.

That’s the skinny.  I’ve been a bit preoccupied with other projects so I haven’t had a chance to update this SST blog for a couple weeks.  I apologize for that but on the flip side, I’ve been working on new and effective SST Pro Tradeplans which I have been posting on the SST Owner’s Club. 

We will be releasing the SST again, very soon, so check back often.  Make sure you get on the waiting list because the SST waits for no one.  If you have been following along since the SST first hit the market, in August of 2010 (see archived articles) you should know that this trade system is for real.  It has stood the test of time and continues to leave old profit levels in the dust.  Today was just another example.  All new profit levels on all five of our live daytrade markets.  There are so many other ways to trade the SST too; Swingtrading forex, stocks, ETFs and options.  Other ways to daytrade too. 

The SST has been hot since the first day and it continues to burn it up, putting the odds in your favor on each and every trade.  Don’t miss this next release.  2012 will be a volatile year in all markets and the SST is poised to make mince meat out of those unlucky enough to be on the other side of its trades.  Get on the right side and ring the register with the rest of the SST Membership.  Make 2012 the year you escalate your trading into ever growing profits!

I will be at the Technical Analysis Expo in Paris this March 23rd and 24th.  I will be talking about the SST and holding a couple advanced training sessions, answering questions, etc.  Hope to see some of you there.  Hey — It’s an excuse to go to Paris!  — And a write-off, too?  What more needs to be said?

I haven’t done an update in a while so I tought I would bring you up to date as to how we’ve been doing this year with our futures and forex trading using the SST.  First, let me announce that there have been numerous new tradeplans published onto the SST Owner’s Club; Forex, Stocks and Futures.  The latest additions include some tradeplans that were submitted by SST Members; Wheat using Kase Bars, which is very interesting.  Daytrading the SPY with Renko bars which is also very interesting.  I have also just published 3 forex swingtrade plans using 4 hour charts and I’m about to publish a 4th; AUDUSD, USDCAD, USDJPY and USDCHF.

As far as our 5 main daytrade markets that we are trading each day in the traderoom, we’ve had an excellent start to the new year.  Here are the summary numbers thus far, using the basic 2 position SST approach as we always do:

• The Russell eMini is UP +30.8 points for the year.  It is sitting just beneath its all time profit levels for the year and for it history. We are getting close to the big +1000 point level, dating back to 4/2010.  This year, we are winning 1.6% higher than the historic 67.4%. We’re at 69% for the year.  The big number to be mindful of is that we are winning 80% of our sessions this year, which is slightly higher than the last two years.
• Crude Oil Futures broke out to new profit levels today.  We are up +6.86 for the year so far, which is $6,860.  Today, we had a huge morning, gaining +1.78.  Crude is also winning 80% of its sessions thus far this year.
• Wheat Futures are on fire, as they have been since we began trading Wheat.  We are up +51.75 Points for the year.  We are winning 66.6% but we are also winning 80% of our weekly totals.  Today, we took one trade which gained +5.25 points.
• EURUSD started with a one step back this year.  We actually had losses during the first two weeks in January.  We ended last year with nearly +3000 pips of profits on very limited and controlled daytrading.  I’m happy to report though, that TODAY, we gained +70 Pips and that was enough to finally push us positive for the year.  We are now up +31 pips for the year and while it’s true we are off to a slow start, I suspect that before long, the EURUSD will be flying to all new profit levels.  It has been a very steady performer and I believe it will continue to be.  One characteristic that has kept us close to our high profit levels, despite being temporarily down for the year is that nearly half the trades have been break even/1 pip gainers.  That has prevented worse losses.  Actually, the EURUSD has won 68% of its trades this year.  We’re finally starting to hit full targets and capture extra with our trailers.
• EURJPY (Using SST Simple) has been great this year.  We’ve only take a few trades per week but we are up, +328 pips and have won 70.8% of our trades this year.

I can officially say that we are positive on all five of our markets this year, even after trading through some tough sessions.  ALL our markets are either at all time profit levels or just a trade or two shy of all time profit levels.  The SST keeps on doing what it does.  Make Money!  Which is WHY we trade.  The SST Pro has made it even easier than ever. 

I’m looking forward to tomorrow’s session.  If you have been considering the SST or would like to have a closer look, please go to www.NetPicks.com where you can sign up for a free two week trial of our live traderoom.  We trade the SST LIVE, on the above forex and futures markets, each and every day.

What an amazing beginning for Crude Oil and Russell eMini traders.  The SST Pro has made our trading even easier and has been posting profits on nearly every session so far this year.  Today, we had a big winner on Crude, gaining .53.  Due to the migration having begun, over to the March contract and the split volume between both contracts, we decided to call it a one and done day for CL.  Yesterday, Crude struggled early on but SST Traders following the tradeplan were able to eek out a 1 tick winner, keeping the session winning streak alive.  Crude Oil has not had a losing session in 2012, and is breaking profit levels.  We have already gained +5.22 for the year, per our two position SST tradeplan as described in the Owner’s Club.  That’s $5,220 already for January, 2012.

See Today’s Crude Oil Trade

The Russell eMini, not to be outdone, is also charging ahead.  We ended last week with a modest +8.4 points, $840.  We are already up +10.9 this week and have hit all new profit levels for the SST lifetime tradeplan result, dating back to 4/2010.  For the year, we are up +32.2, $3220.  As stated in the prior post, we had only one tiny losing session this year and the stat that is really jumping out at me right now is the winning percentage, which is a full 15% higher than the last 1.75 years.  The lifetime winning percentage has been a solid 67.3%, as I have stated numerous times but so far this year, we are winning at 78.57%!  In fact, the big +1000 lifetime points award is within striking distance for the SST and our Russell eMini trade results per the owner’s club tradeplan, which we use every day in our live traderoom.

See Today’s Russell eMini Trades