Intraday Entry and Exits Signals

In today's trading room, Johnny spend the first 30 minutes going into detail about how to enter and exit an intra-day trade based on peaks and troughs, with the added help of Fibonacci Levels.

We start out with a 60 minute chart to identify peaks and troughs... then move to the 10 minute chart to time the entry.

In these types of setups, Johnny Howell usually has a profit target of 20% for the day. It's really exciting to think that if you have $10,000 on a trade - a 20% profit in a few hours is possible!

Even a 10% move makes for good money on a $10,000 account in a few hours! Absolutely.

When you trade with Johnny in the trading room, he shows you how to stack probability on your side. It's important to stack the odds in your favour before trading... especially before trading intra day.

If you want to learn more about intra day options trading on the ASX, the Planet Wealth trading room is exactly what you need.

Bought Puts - Options Trade Aussie Gold Stock

In today's trading room, we identified a short term trade on an Aussie gold stock. A bearish price bar with lots of volume and bearish indicators on the daily chart. Options volume was also good, so the choice was easy to buy puts on the stock with a planned exit in the next 1 to 3 days.

Our mentor Johnny Howell generously gave an extra 45 minutes of his time to explain drawing of long term trend lines using parallel lines on weekly charts. It's so amazing to see past trend lines come into significance on Today's charts.

The Trading Room Technical Analysis techniques are like a crystal ball in my opinion. If you're serious about trading for a living, you must check out the trading room!

FREE PDF On Trading Entry Signals - Bullish Up and Bearish Down Days

Prior to joining the trading room, I would spend ALL day examining the charts for my watchlist... painfully looking for a trading opportunity. I wasted so much time! Then, on just my first session in the trading room, I discovered how to identify potential trading opportunities in a matter of seconds... it's all to do with the day's "price bar".

Basically, what I've learned from John in the trading room is that you need to identify the day as either "bullish up" or "bearish down" or "rubbish day". If it's an up or down day, then you should spend time checking indicators etc. (stuff you learn in the room). If it's a "rubbish day", then the magic word is "NEXT" and you don't need to waste any more time on that stock.

THIS SAVES ME HOURS AND HOURS EVERY DAY!

To help you get the gist of what I'm talking about, check out this PDF written by John Howell - my trading room mentor. NOTE: If you get an Adobe Acrobat error when clicking this link to open... you can work around it by just right-clicking to save the file to your computer and then open it from there... here is the free PDF Trading Room Price Bar Entry Signals. Enjoy.

Learn from my trading mentor

I'm starting this Blog to chronicle my journey on the road to become a professional trader on the ASX. As a newbie trader, I lost half of my trading funds on the ASX (Australian Stock Exchange) during the market collapse of 2007/2008. Sadly, these were borrowed funds on a Home Line of Credit! I'm now paying 10.5% interest on this loss.
Since then I've been searching for a system I could to trade for a living... and I'm finally in the right place.
With the help of an amazing mentor by the name of Johnny Howell, I'm learning how to trade like a PRO.
Along with a few others, I am part of a "trading room" run by John Howell. He teaches us entry and exit signals and coaches us in psychology and mindset. Since joining the room, I have been in PROFIT! Yay.
I'll be posting results from the room shortly... while you wait, check out the room for yourself. If you desire to become a professional trader on the ASX, you won't be disappointed.

Planet Wealth Trading Room with Johnny Howell shows you how to trade like a pro!