ACE stands for Anticipate, Confirm, and Execute
Basically I scalp points of the markets and here is how it’s done:
- I look for possible points of entry as anticipated
- I wait for the market to reach these points
- Once there, I then confirm with my technical system and get ready for a trade
- My final confirmation comes from my pressure system ( tape reading) which shows me clearly who is buying or selling and who is creating more pressure
- When the pressure agrees with my technical levels of entry then I execute
- For the fast moving instruments such as the Crude or the Gold, the tape confirmation can be replaced with a special entry technique that depends on an educated price point action.
- Using this method, I take 3 to 10 trades a day per instrument.
- Entry with 3 contracts
- Stop Loss at 7- 12 tics- which we moves closer to entry manually then it moves to break-even.
- In most trades the TAPE will determine our targets
- Last target is usually open for a runner
Depending on market conditions stops and targets can be moved to maximise profits or minimise losses.
Our LTR (live trading room) hours are 9:00 am to 12:00 pm EST Summer time and 8:00 am to 12:00 pm EST the rest of the year during which my profit targets can fluctuate from $400.00 to $700.00 per session depending on the day of the week and volume.
It is not an easy task to trade and teach at the same time therefore my students understand when I miss good trades. I do however trade alone beyond the LTR hours to reach my personal profit targets.
