Covered in this months newsletter:

• Happy New Year to you
  
  
• Current market update
  
  
• Smart Trading Plans – Top 10 Best Selling Finance Book
  
  
• All videos are live
  
  
• Maximising MetaStock Online Course now available for all
  
  
• Online Course and Training Packs still available at Last Year’s prices
  
  
• Current trade update
  

Happy New Year

Happy New Year! What’s in it for the markets in 2010? The Chinese and other Asian countries consider 2010 as the Year of the White Tiger with its claws threatening ferocity, vigor, power and authority. Economically, they equate 2010 to wealth. The year of the white tiger is related to gold, metals and money. Gold has already caught everyone’s attention in 2009 when it broke to new highs in November. Will gold continue its run upwards with more new highs this year? If it does it will certainly benefit the Australian market, which is a strong resource based market.

Well, so much for Chinese astrology or chance, you can still never predict what may happen in the markets and that is why it is key to always manage your risk at all times, that is the only control you have over your trading and one of the major topics I focus on in my courses. You still have an opportunity to take up my available courses at current prices before they rise at the end of the month.

Current market update

The markets have made a remarkable recovery since its 2008 bear market and the ASX 200 charged up to new highs last week, trading at levels not seen since September/October 2008. It is now approaching the significant 5000 number and if it can break beyond this level this will be a good sign for the new year.

The daily chart of the ASX 200 below shows the market’s break to new highs last week:

So far the market is off to a good start for the year and it has only just started. In fact, we are all off to a really good start for the following reasons:

• Smart Trading Plans was just listed as one of Top 10 Best Selling Finance Books in Money Magazine
  
  
• I now have ALL the videos you asked for LIVE!
  
  
• Maximising MetaStock Online Course Videos are now Available for ALL
  
  
• Smart Trading Plan and System Development Course and training packs are still available at last year’s prices
  

Smart Trading Plans - listed as one of Top 10 Best Selling Finance Books in Money Magazine

Yes, you made it possible for Smart Trading Plans to be listed as one of the Top 10 Best Selling Finance Books in Australia’s leading finance magazine, Money Magazine – The Best of The Best December issue. You can read all about it from the magazine article:

www.smarttrading.com.au/downloads/pdf/Top_10_best-selling_finance_books.pdf

It was your patronage and faith in the ideas, visions and experiences that I covered in Smart Trading Plans that made it share the top spot for the best among the best. To be ranked among books about US top trader, Warren Buffett, is indeed very fulfilling.

My goal is to continue to encourage and inspire you to take hold of your own financial future so that you can trade the markets and become consistently profitable just like me. So I have spent time last year upgrading my course materials by developing videos that support each session so that you can see how I apply everything that I cover in the course. It does not stop there, I then took the time to develop a MetaStock online training course and you can read more about this below.

All videos you have asked for are now LIVE!

All the videos you have demanded can be accessed on the videos web page. The various topics range from getting started with your trading tools from how I utilise and set-up the CMC Markets Market Maker trading platform and place my trades, to setting up your data for MetaStock and using the comprehensive Smart Trader Spreadsheet. Other videos feature the different products and training packages available at Smart Trading. All you have to do is visit the web link below and you have a smorgasbord of videos waiting for you to watch. Have a feast!

www.smarttrading.com.au/index.php?q=videos.html

Maximising MetaStock Online Course Videos are now available for ALL

A lot of emails have been coming through from people who have their own trading systems requesting access to the Maximising MetaStock Online Course Videos that I created for my clients.

Due to this demand, I have adapted the Maximising MetaStock Online Video course and it is now available for all. This is certainly good news for those who need help with MetaStock.

Here’s what one of my clients had to say about the online course:

“Thank you! Your Maximising MetaStock is a great course. I was fairly comfortable using MetaStock but have always thought there must be some easier ways of doing the things that I was doing. Your course has assisted me in simplifying MetaStock without having to spend lots of time tinkering with it and trying to work it out myself. I now have it all set-up and my charts are looking pretty good now.”
Darren Dunn, QLD

It gets even better because you can avail yourself to a $100 discount off this course until the end of January. Click here for more information:

www.smarttrading.com.au/index.php?q=metstock_course.html


If you are already a Smart Trading client and have purchased my online Smart Trading Plan & System Development course, you have the opportunity to purchase it at a 50% discount until the end of January. To purchase it at this special price, all you need to do is log into the course or Mastermind website and visit the bonuses section.

Online Course and Training Packs still available at Last Year’s prices

We have not come to the end of good tidings yet. The Smart Trading Plan & System Development course is now complete with videos supporting all the sessions of the online course that showcases how I apply everything I teach in the market - from market scans to sharing my daily and weekly trading routines and more.

I have also added the Maximising MetaStock online course to the Deluxe and Ultimate Smart Training packs that I have packaged together with extra products to turbocharge your trading. You can read all about these training packs from this web link:

www.smarttrading.com.au/index.php?q=stock-market-training.html


Here is what two of my clients had to say about the new course videos:

"Wow, your video training sessions are superb!! Your Smart Trading Plan & System Development Course was already top of the line and now this just takes it to a whole new level. The video sessions are going to be extremely helpful for those starting your courses. A step by step visual guide of learning to trade is just what I needed and will appeal to many types of learners. Although I had done your course prior to the videos coming out they have really improved my trading and refined my skills. I am ten times more efficient with my trading routine now. Last but not least thank you for all the time you put into those you are teaching to trade. You always go over and above!"
Kiri Merritt, WA

"Thanks Justine! I watched all the course videos today, they're great. They really turbo-charge the rate of comprehension. Much appreciated!"
Rob Hunter, NSW

Now is your opportunity to join those who have already purchased the course. Until the end of January the course and training packs will continue to be available at 2009 prices. After that date they will rise by up to $300 each.

This offer is only until the end of January. So, what are you waiting for? Click here for more information and to purchase:

www.smarttrading.com.au/index.php?q=smart_course.html

Current trade update

The boring and trend-less market period I mentioned in the last newsletter was time for the market to catch its breath after its strong upward move and it has now powered to new highs. In early December I found myself with only a few positions open, with my daily swing trading system, and then as the strong move upwards started to take off my trading system began to bring up strong signals and I added to my trades before the year end and have continued to add more trades since. I have also added a new trade to my weekly long-term portfolio and pyramided into an existing trade (which is a strategy I use to add to an already profitable position).

Usually the Christmas period is a very quiet time with not much happening, but this year it made a push higher and it was too hard to resist some of the beautiful breakouts signals that my daily system bought up.

So let me now share two trades with you that I have opened in the last month – one is a retracement trade and one is a breakout trade. Both trades came up in my daily long system scan and met my trading rules for entry. Both trades have been given a different name and I will reveal which share’s they are after they are closed.

The first trade I will call BRK1 – for breakout. You can view the chart of my trade below:

I entered this share on 2 December when it came up in my daily system scan and it had clearly broken through resistance, which was at approximately 53c, which it had touched up to three times previously. I love it when shares move sideways and then break upwards, this is what I define as a break out trade. On the day of entry the share displayed a beautiful long white candle and had strong volume that was above its average. I liked what I saw, so I entered a long CFD position on the share.

After I entered the share pulled back and bounced off the resistance level it broke out from, which is a good sign, as you like to see resistance levels become support levels. My stop loss was sitting nicely below the support level and as the share price moved higher so did my trailing stop loss. The share has continued higher above the 70c mark and my stop loss is now in profit and I will continue to trail the stop loss on this trade and once it is hit my exit will come. Or if certain things occur in the trade I may pyramid and buy more, or take windfall profits if it meets the criteria in my trading plan rules.

I will continue to keep you updated on how this trade, and the one below progresses in upcoming newsletters.

After this trade I did not enter another new trade in the market until 15 December. The market had fallen back and was still trending sideways and I was not seeing any good trading signals that I liked coming up in my trading system. If I don’t see any signals I like I don’t take any new trades. It was not until nearly 2 weeks later after BRK1 trade was entered that I bought into my next trade with my daily system. This trade I will call RTC1 – for retracement. You can view the chart of my trade below.

I entered RTC1 on 15 December at $1.745. The share had been trending upwards from March through to October and then broke its up daily up trend line mid October. It then fell back and found support just above $1.50. It traded around this price level for a month before breaking above its short-term down trend line with a gap and nice candle. The next day after the break it came up in the report from my daily trading system with another gap, nice white candle and above average volume. It met my trading rules and I liked what I saw so I entered the trade by opening a long CFD position on the share.

The share had traded as high as $2.00 in the past and this is where the next point of resistance would be. But it was far enough away that I would have a profitable trade running by the time it got to this point, so I was not concerned by this possible resistance.

The share fell back a little after I entered and then took off very nicely and charged above the $2 price level with a strong white candle. It has since fallen back below and I would like to see it move back above and stay above $2 for its trend to continue higher. If it does not do so then my trailing profit stop, which has been moving upwards each time the share has moved higher, will be hit and I will simply exit.

I have no idea what these two trades are going to do next and I will keep you updated on the trades, how I manage them, and the end result in the upcoming newsletters. So stay tuned…

I share all my trading systems and strategies and provide the codes for my entry systems and my trailing stop loss indicator in the Smart Trading Plan & System Development online course I have available. If you are interested in this course you have until the end of January to purchase it at 2009 prices.

Until next time…

The Year of the White Tiger-2010 has just started with a loud roar! So let’s journey together with our claws ever ready for greater opportunities.

Cheerio

Justine Pollard
Author, Private Trader & Trading Mentor
'Discover the Smarter way to trade'
www.smarttrading.com.au
justine@smarttrading.com.au

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The returns reported are provided for information purposes only. Results of past performance are no guarantee of future returns. No assurance is given that you will incur any profits or losses in your own trading and it should not be assumed that you will experience results comparable to those as reported. Any trade examples listed within this website or associated material are either ficticious or historical and in no way should be interpreted as a recommendation to invest in any particular stock, CFD or investment. Smart Trading Pty Ltd as Authorised Representative No.336312 of CDM Pacific Pty Ltd AFSL 223682 assumes no responsibility for your trading and investment decisions or subsequent results. There is a high degree of risk involved in trading and as such we always recommend that you seek independent financial advice by a licensed professional prior to making any investment decision.