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"Learn
7 New Trading Techniques for Breakout and Gap Trading
using Time and Sales and
Fibonaccis"
Remember,
you must be logged into our Paltalk room with the downloadable software www.paltalk.com
application to be able to hear today's seminar. Welcome
to DTU's Live AudioCast Active Traders' Seminar
Time: 2 hrs
Start: 10am EST
End: 12 Noon EST
Preparing for Today's Seminar --
Please review this active trader magazine article:
http://www.activetradermag.com/special/calhoun.htm

Primary
Trading Techniques:
1. Daytrading
University's 2-day high/low breakout strategy aka
"Escaping Gravity"
Guideline: The best trading potential always exists
when stocks are
trading outside of
their
previous day's trading ranges. Learn how to capitalize on
stocks in motion that
are
making new 2-day highs and lows, as a primary
trading style.
2.
DTU's Filtering and Scanning strategy: Think
of each new trade in terms of "most
likely
outcome"
over next 15-20 minutes, and
integrate the idea of trading signals vs noise.
Next,
Learn how to visually
filter the patterns
using 1-minute 2-day candlestick charts, TRIN,
sector, e-mini and time and sales for entry confirmations (and 'red flags' to
avoid!).
3. Trading the Open: Making the first 60 Minutes
Work for You: We like to trade the majority
of all entries during the 9:40 - 10:30am time window of each session, where
volatility is usually
the strongest. Spot the 9:40/9:50/10am potential breakout and pivot times using
tape volume.
4. How
to Avoid False Breakouts and Get In on Strong Moves: There
are many specific
safeguards that traders can take to help minimize stop-outs on false/weak breakouts,
as well as
capitalize on strong breakout continuations.
Examples include: multiple positions in strongest
moving sectors with P&L stop management, tape reading increments of .10s, use
of whole number
and fibonacci s/r levels and more.

5. Gap
Continuations: Trading IN the Direction of the Gap (preferred):
learn how to 1st set
initial support and resistance using premarket charts, at the nearest whole numbers.
Next, decide
on specific long/short triggers designed to capture at least 30% of the first
major gap move. We use
tighter-than-average trailing stops (.1 to .15) on volume gap continuation plays.
6. Gap
Reversals/Fades: Trading a Reversal Gap Open (only for gaps >10%):
for the most-volatile
gap open stocks, we set inside range (trade direction going Into the 2-day high/low)
entry triggers using
a minimum of .7 above the premarket high (longs), or a minimum of .7 below the
premarket low (shorts),
away from the nearest whole number.
7. Fibonacci
Gap Fills (using the 50% range):
for gap reversal plays, we look at the 50% midpoint of the
premarket gap range as the maximum trade potential. We scale out of 1/2 position
automatically as stock
price moves closer to the 50% retracement level, trailing an ever-closer stop
as it nears this value.
Daytrading University Presents...
Gap and Breakout Day Trading CHART PATTERN EXAMPLES:
WEEK OF DECEMBER 1st - 5th, 2003
These were actual live
training room learning calls that were made for our Fall
2003 Live Room Members:
(see information and more charts by clicking
here)
2-Day high/low breakouts/breakdowns:
http://www.DaytradingUniversity.com/sbreakout.gif S
breakout play using whole number s/r 2d highs
:
http://www.DaytradingUniversity.com/cecodec4nailedtheshorts.gif volatile
chart prior day, 2 shorts
http://www.DaytradingUniversity.com/sdec5mk.gif 2day
low b/d short, cover over whole number
http://www.DaytradingUniversity.com/cvsdec3aplus.gif
2day low b/d short
http://www.DaytradingUniversity.com/cidec3stop.gif false
breakout/stopped out
Intrarange cup breakout:
http://www.DaytradingUniversity.com/nsmdec5ss.gif
BONUS: DTU Recent Gap Plays -
Day
Trading CHART PATTERN EXAMPLES:
http://www.DaytradingUniversity.com/jbludec5hh.gif gap
down short continuation
http://www.DaytradingUniversity.com/iacigapnov5re.gif gap
down reversal bounce long
All entries are for papertrading/educational use only, no actual stocks were
traded.
These examples are solely for
use in understanding our gap and breakout trading techniques,
with live realtime
market data for our live trading room members to
learn from.
Do YOU Want to Learn How I Identify these Types of Entries for Yourself?
Learn from me LIVE in
our March 2004 (soon-to-be-sold-out)
GAP and BREAKOUT TRADING SEMINAR -- ANAHEIM, CALIFORNIA
Featuring Live Realtime Market Data Examples -- not slideshows :P
BONUS: Includes One Month FREE Live Trading Room Access
Plus One Full Hour Personal
Coaching Phone Call
Click
Here for SEMINAR Preview Tips and Overview
(Even
Includes Audio/Video Clip Previews - take a look and see for yourself!)
Daytrading
University is pleased to have achieved industry-wide recognition and recognition
in the professional trading community. Watch for more!
 Also
see Daytrading University featured in CBS Marketwatch articles: http://www.DaytradingUniversity.com/cbsmw3.gif
http://www.DaytradingUniversity.com/cbsmw1.gif
 And in eSignal
"Trading with the Pros" (there I am w/Nison, Bollinger and the others
:): http://www.esignalcentral.com/learning/default.asp#likepro
http://www.esignalcentral.com/learning/likepro/kcalhoun/default.asp
 And
in Active Trader Magazine http://www.activetradermag.com/special/cyber_calhoun1202.htm
(Schwab's Cybertrader featured our popular sector based active trading article
in their newsletter)
http://www.activetradermag.com/special/calhoun.htm
TIPS for SEEING OUR CHARTS CLEARLY (IE 6+):
To See our Charts clearly, running IE 6+:
Be sure to go to Tools/Internet
Options/Advanced
and scroll down to "Multimedia" and UNCHECK where it says
"Enable Automatic Image Resizing"
Tthis is an unwanted new default IE 6 feature
that resizes images to fit the current browser window size,
it makes our
charts more difficult to see, so Uncheck it.
View www.DaytradingUniversity.com/charts.gif
to see what it looks like
TIPS for ACCESSING OUR BACKUP JAVA CHAT ROOM: see
www.DaytradingUniversity.com/java.htm
We invite
you to compare the professionalism of our service with any other online room.
We're certain that you'll enjoy our 100% TA-based on-topic, disciplined
live trader room for your daytrading and swingtrading education and coaching
needs.
Thousands
of traders worldwide can't be wrong! In the meantime, just check out these
recent live room transcripts
for yourself.
You
should also log into the Live Text Room at http://66.91.142.22
, it will appear like this: If
the room does not appear like seen below, not to worry, it just means you need
to update your java. Install the java 1.4.1_03 from sun.com .. the link
is here:http://java.sun.com/webapps/download/Display?BundleId=8228&Referer=http://java.sun.com/j2se/1.4.1/download.html
(if
the link does not work, go to http://java.sun.com
and locate java 1.4.1_03):

Disclaimer: all alerts
are for learning/educational purposes only and are not to be construed as an
offer to buy nor sell equities. We share them to show you our real time trading
techniques, so that you may better understand how we look for trade entries.
Do Not make actual trades based on these or any other information you get via
emails or on websites. Do your own due diligence and consult with a qualified
broker or RIA (which we are not) prior to making any trades. You assume all
risk/liablity for all trades that you make. Daytrading is high-risk and speculative
in nature, and is not suitable for most people. Past performance is not indicative
of future performance. Hypothetical or simulated performance results which are
presented herein as learning examples have certain inherent limitations. Unlike
an actual performance record, simulated results do not represent actual trading.
No representation is made that any account will or is likely to achieve profits
or losses similar to those shown. Since trades have not actually been executed,
the results may have over- or under-compensated for the impact, if any, of various
market factors, such as lack of liquidity. We make no performance claims of
any kind. You hereby agree to all terms in www.daytradingu.com/disclaim.htm
by reading these materials. We hope you're learning new strategies that are useful
-- best wishes for successful active trading. Futures
and Options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest
in the futures and options markets. Don't trade with money you can't afford
to lose. This is neither a solicitation nor an offer to Buy/Sell futures or
options. No representation is being made that any account will or is likely
to achieve profits or losses similar to those discussed on this web site. The
past performance of any trading system or methodology is not necessarily indicative
of future results. By using Daytrading University's services you hereby agree
with all terms in our disclaimer.
CFTC
RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.
UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL
TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE
UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS,
SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO
SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.
NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE
PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
(C)
1999-2003 Daytrading University.
All Rights Reserved.
See
for yourself! Professional and trader-in-training active trader resources at: Complete Line
of VHS Videos, CD-ROMs and Online Course resources for active traders (click)
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"Learn
How to Trade Breakouts and Gap Opens in our LIVE March 2004 Anaheim
Seminar"
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