Day Trade the S&P 500 Index for Fun and Profit: A Unique Method for Using Heikin Ashi Charts to Day Trade S&P500 Futures and ETFs
How To Day Trade the S and P 500 Index
Come learn how to successfully use Heikin Ashi charts to day trade the S&P500 emini futures contract, also known as the /ES.
This system has a 65% win rate with relatively small losses and an average profit of 2:1 based on historical backtesting using the NinjaTrader platform. . I describe in great detail exactly how to use this proven pattern and give you all the parameters you need to enter, exit, and mange the trade. Gone are the days of having a trading screen cluttered with dozens of useless indicators that do nothing but confuse and confound you as a futures trader. With this very simple to recognize chart pattern you will just need a bit of practice and then be on your way to trading like a pro! This pattern described within also applies to the S&P500 ETFs as well, so if emini future trading is not your style then go ahead and use the ETF.
Within this inexpensive ebook you will find these with each one explained in great detail.
- Time to Trade
- Chart Type
- Max Loss per Trade
- Max Daily Loss
- Entry Candle
- Initial Stop
- Target
After the set up is explained I take you through three weeks of actual trades explaining how to apply this system. The three weeks cover a good week, a bad week, and a break even week. This way you will be exposed to what they system looks like in a myriad of conditions, not just the cherry picked examples of good trades that you will find in other trading volumes.
I also go over the tools you need to be successful when trading this system. These include things like money management and trading psychology.
If you follow this simple trading plan you too will break free from the indicator chokehold and be on your way to becoming a profitable trader!
***If you have trouble viewing the charts within the book, some ereaders may have trouble, please email me and I will send you the full size charts***
