60 Minute Trader^TM

Type	60 Minute TraderTM
Last Updated	March 2005
Price	10
Features	10
End Result	10
Overall Rating	10 (Brilliant!) - A Fantastic Trading Manual
Owner	Chris Kobewka

Our Review - 60 Minute Trader is an absolutely fantastic trading manual.  It is the first manual we have read that is so simple but provides "real trading information" that can be applied.

What's In It For Me You will be handed on the plate a PROLIFIC simple way of day trading the markets.  There is often stress associated with day trading, for example, watching your broker accounts for profitable exits and monitoring 2 trading secreens etc.  60 Minute Trader will provides you with a "TRADING PLAN" to take 5 points daily out the market in less then 60 minutes.  It couldn't be more simpler. 

What We Liked:

Why 60 Minute Trader^TM Works: Gives you the same mindset as a 'Futures Pit Trader' and how you MUST specialise and concentrate in ONE market alone.  Real Futures Pit Traders you hear of on Bloomberg reports, don't trade Coffee today and Orange Juice tomorrow - they specialise and trade in one market also.  YOU MUST ALSO ADOPT THIS TO MAKE PROFITS.  You will also see why a diverse portfolio will limit your profits.

Charting: You will see how:

• You do not need an advanced knowledge of technical analysis.  All you need is a 1 minute line chart and candlestick chart

• You only need to use 7 simple candlesticks patters for 60 Minute Trader to work

• "The Trend Is Your Friend" ONLY if you jump on the trend at the "beginning of a turning point" or you could end up buying at the top of a trend and

• You only need TWO INDICATORS at most. The first [.........] on page 21 is very responsive to market movements and will give you signals much quicker then other indicators.  To give this indicator confirmation you use the second indicator [..........] on page 22.  This indicator does not lag the market simply for the way it is calculated.  With this indicator you wait for the market to make a move and when the indicator rises above a certain figure you enter a trade as soon as the indicator reverses (can't say any more on these strategies due to copyright!!).

Money Management: Shows you the FIVE KEY ELEMENTS to good money management and more importantly how to link them together, which is usually never revealed.  How to apply the "WIN / LOSE" and "RISK / REWARD" ration so that eve though you are losing trades you are still making money.  You will get a simple "EXPECTED NET PROFIT / LOSS PER TRADE FORMULA" to help you manage the risk.  Revealed is a simple calculation called "KELLY'S VALUE" to show you the optimum amount to risk per trade in relation to your previous trading results.

A Trading Plan: This is simply amazing.  You will discover:

• A Trading Plan which will produce a 1000% annual return with minimal risk.

• You will only need to take 5 points daily out the market for the Trading Plan to work

• Why most people fail to trade as they choose to trade the wrong market.  You need a market with HIGH LIQUIDITY (high volume) where there are many buyers and sellers competing together.  The chosen market must also have volatility (relatively high swings and movements).  If the market does not move you will not make money in any direction.  The faster the market moves, the more entry / exit places there are, the quicker you can make money and the less time you must spend trading.  However, which markets are these?  (can't say any more on these strategies due to copyright!!)

The Open Trade: You will discover an interesting way to look at a Level2 screen and determine reversal points in the market.  More importantly, you will be given a secret formula to "Trade The Open" in the market.  This way you spend the least time possible trading, often just minutes per day and a maximum of one hour per day.  Here's how you will trade:

• You determine whether it is going to be a BUY or SELL day

• Let  the market move UP or DOWN

• From the initial move up or leg up you take a contrarian stance at the "Right Time"

• To trade at the "Right Time" you use the two indicators referred to above in combination at the correct settings and

• You EXIT your position by the correct use of a STOP LOSS and the "6-Minute Rule"  (can't say any more on these strategies due to copyright!!).  The 6-Minute Rule has shown to increase profits by 20%.

The Good – There are no airs or graces about this manual.  You do not need a track record of 10 years trading markets to break out to day trade.  60 Minute Trader gives your the "tips and secrets" which the Futures Pit Traders know and understandably do not want you to know. This could be described as a "Pit Traders Manual".

The Bad – There is none.  60 Minute Trader gets 10/10