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Private Mentoring - Each Program Unique
Private trade mentoring consists of one-on-one sessions (telephone and E-mail), written lessons and strategy sessions. See What is a Mentor for full details of mentoring.
Training Lessons Developed for the Individual
This is a lesson recently created for an experienced trader in our mentoring program and shown here as an example only. Depending on the technique being studied, a written lesson is developed when we spot a trade set-up that offers a good example of that technique. When based on current market data, traders can follow the setup and effectively develop an understanding while able to ask questions as they come up.
This is an extremely effective way to learn and over time enables a trader to "own the technique." Once you own a technique, you can use it in your future trading, or develop your own techniques based on earlier understood market environmentals.
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Fibonacci Retracement Levels, Additional Techniques - (Sample Lesson) |
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Complete with seven charts, and four pages of text, this lesson seeks to explore the significance of Fibonacci Retracement Levels. Mentor students would receive this lesson via e-mail and then be able to send their questions. The ensuing two-way communication enables you to fully understand and apply all new material so that it can be incorporated into your own trading. |
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Examples of Previous Mentor Updates
A series called the Mentor Updates was an added feature of the Daytrader's Bulletin Real-time Signals program for daytrading the S&P 500 and Nasdaq futures indexes. Because we are no longer delivering the Real-time Signals, we now offer the entire Mentor Library for mentoring clients.
Mentor Update examples:
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Using Active Averages - Mentor Update |
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A vital component of our price action model is that of activated averages.
An average in any particular time frame becomes "active" when momentum pushes price such that the average directional index (ADX) is pushed above the 16 level, and preferably is equal to or greater than the 30 mark.
Once above the 30 mark price, on a price retracement back towards the moving average, that moving average should act as price support/resistance in an uptrend/ downtrend. |
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Download Using Active Averages (PDF) |
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Bollinger Bands as an Entry Technique - Mentor Update |
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...[T]o use Bollinger Bands as an entry technique, we wait for price to penetrate one of the bands. If the upper band is penetrated, we will want to trade the long side. If the lower band is penetrated, we will trade the short side. We want a band to be penetrated preferably with momentum.
If the ADX concurrently moves from below 10 or 16 to above 16, we have a potential trade. |
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Download Bollinger Bands as Entry Technique (PDF) |
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You'll find the Mentor Update Library of previous Mentor Updates at the Daytrader's Bulletin site (use your back button to return here). The list of titles is available, but you must be a mentoring client to have access to the library. |
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