Troy

The Nasdaq eMini 144 Tick chart with the UMT Advanced Tactics is still the market to be trading if you are trying to master this powerful strategy. On the heels of a very tough week last week, it appeared that we were going to get more of the same this week. We began Monday with numerous losing trades, a couple winners and a negative result. It would have been easy to lose heart and to quit the strategy and timeframe and many inexperienced traders, and those who have not taken the time to 'dig their trading ditches,' that is, to do their research (manual backtesting and sim trading) did quit. In other words, they quit with losses and a smaller trade account, while throwing the baby out with the bath water precisely at the WRONG time. What happened next, the following 4 sessions won't surprise any experienced UMTer, but for those still learning, it should teach you a valuable lesson about system trading, trading the edge your system gives you over time, and the typical one step back, two steps forward routine that we see over and over again. Net result: +20.25 points on the week and a nice 8% gain on a $5000 account while trading just 1% risk. 2% traders would have done a lot better than that, obviously.

Since I step through this video rather quickly, I will also show you a quick look at the exciting new and improved Simple 2 with the Nasdaq 222 tick chart. We are trading this live in our eMini Futures trade room that I host every morning. Lady luck must have been on our side this week as we traded 4 straight sessions without a single losing trade and +49 net points for the week. It doesn't get any better than that! Dog Days of August? Maybe for the other guy, but not for us!!

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