Let's start  the day of with a basic review of what I look for when researching for the HPS watch list. This was a Webinar I did for Speedtrader about a year ago, but never released it. It is a great basic overview of what the core of High probability Set Ups is about.

View it here http://youtu.be/nefIHiE5jqA

This week's watch list break down the market and highlights 3 definite trades I will be taking this week. Plus a great Kick Ass Trade of the Week $CRR. The week left of with the markets continuing it's 3 year break out , and the charts are not showing any signs of overbought conditions, other then on the shortest time frames.

The QE 3 trade is running smoothly and on all cylinders, It is looking more and more like a buy the rumor (Announcement of more Stimulus)  and sell the new (The Announcement of more stimulus) but I won't be looking for any major correction. 

Here's this week's Watch List Video http://daytradingradio.com/10for1000

Lat month was a great month even though the action seemed subdued the HPS set ups turned a nice profit, and had a 75% success rate which has been average for the year to date. I also tightened up my stops this month and didn't take losses over 240.00. 

Also this week we have the first ever "Win RockStar's Money" event. This is the Final of the Ultimate Trader Showndown tournament that was held this last month and out of the 8 traders we are left with one "Airman"

Airman will trade live against me on Thursday head to head all day and if he is able to make more money then me that day trading the es-mini futures. he will take half of anything he makes, with no risk on his part. Look for a new Tournament to start in 2 weeks so sign up now if you would like to compete and try to Win my loot!

You can register here    www.ultimatetradershowdown.com 

Congratulations Airman see you Thursday :-)

DayTraderRockStar