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Call the Futures
Frequent Questions & Answers
Q. Do you recommend scaling out at different price levels and letting part of my winning trade ride.
A. Our philosophy is to restrict your losses and take profits off the table quickly. Depending on the type of set up and
market conditions, you may decide to scale out of your position at various price levels. Other times you may find you
that market conditions are such that an "all in all out" strategy is more prudent. There may be times when you will
miss out on a big price run; however, we feel that ‘a bird in the hand is worth two in the bush’ and in the long run, it is
better to take your profit as soon as you can. Strict money management is key to survival. However, it’s your money, we
do not tell YOU what to do.
Q. What hours do we trade our setups?
A. We trade the regular hours; (9:30am to 4:15pm, EST). Although electronic trading of the emini futures is available
24 hours each business day, we do not advocate after hours trading. The rules and regulations and set up guidelines
are different during these time periods. In fact, we attempt to keep our trading limited to the 9:30am - 12:00pm 9noon)
time period. The best set ups and trading opportunities occur in this time period. The afternoon sessions invariably
produce more losing trades, so we prefer to make our trades in the morning, bank the profits, take the rest of the day
off, and come back the next day alert and ready for another profitable day. If the morning session did not provide that
many setups and/or it was a ranging/choppy morning market, we may return at 3pm to see if conditions re more
favorable into the last hour of trading.
Q. How do I get the trade alerts?
A. When applicable, throughout the trading day, you will get an alert posted in the trading room advising that a certain
set up is occurring. At that time we will also post the suggested entry (trigger) price. At times, we may change the
trigger price as new situations warrant. You will receive any changes/updates. Once in the trade, it is up to you to
decide when to exit. We will going to a voice conference system and should be operational by May 30, 2008.
Q. Do you provide any training?
A. The best training we can offer is our Trading Simulator where you can learn and develop your trading plan under
real market conditions. And where you can mistakes without suffering the consequences. You are expected to have a
basic understanding of how the market works and the risks involved. See the Risk Disclosure Statement. To become
a successful day trader could take months or years depending on a number of factors. Some day traders never
become successful. In fact it is estimated that 90% of all people who attempt to become day traders are not
successful. Only 10% survive the first year. We do not guarantee you will be one of the 10%; however, as a member of
CTF your chances are greatly improved. But don't expect to become an expert in 10 days.
Q. What Indicators do you use?
A. We don’t use any indicators. If you haven’t learned this by now, all indicators lag the market and are therefore of little
value when day trading. Save your money. The best tools you can use for day trading are free and readily available on
the Internet and can be used on all platforms. Our primary indicators (for lack of a better word) are Volume and Price.
And momentum, the relationship between volume and price. We monitor the candlestick charts, looking for
momentum breakouts and/or breakdowns. We also use a moving average crossover system. These are pretty much
all the tools we use which are readily available on any charting program. If you use Trade Station we can email the
workstations to you upon request. It is not a requirement that you learn the data in advance however, it may be to your
benefit to learn as you earn and perhaps in a year or so you may be able to break out on your own and become a
successful trader.
Q. How do I know if this will work for me?
A. That depends on you and your abilities. We expect you to have a fairly general idea of how the market works and
how to use your own platform. Basically what we are providing is the "heads up" alert that a particular set up is
occurring and the suggested entry point based on that set up. You get this information, live on your computer, in
advance before the alert triggers. We suggest certain exit strategies, but we do not dictate when you should exit the
market. That's up to you. It does not get any more down to the basics than that. As long as you can follow simple
instructions and know how to execute the orders on your platform you’re ready to go at any time. This is where the
rubber meets the road. If we don’t live up to our claims you’ll find out pretty quick. For your own benefit you should
follow a course of study to enhance your knowledge and understanding of the markets. Or you should sign up for our
Trading Simulator where you can test your trading strategies under real market conditions without the risk. Before you
do any trading read and understand the risk disclosure statement.
Q. Is there a free trial period.
A. Yes. The FREE trial period is for 3 trading days. No obligations. At the end of your trial period you can sign up for a
monthly membership if you desire. Membership is handled through Paypal, the most consumer friendly and most
reliable name in Internet commerce. If you decide to become a subscriber, membership is on a month to month
basis and you can cancel your membership at any time. During your free trial we suggest you follow along with us as
we trade ideally in our Trading Simulator, especially if you are new to the futures market, or at least until you feel
comfortable about making live trades. Based on past performances, most new members make enough in one day to
cover the monthly subscription.
Q. What is the monthly fee?
A. $295 per month. Most new members find they can make that in one day with one contract. But don't take our word.
Try our service free for 3 days, if you don't experience the same thing, then cancel your subscription, you've lost
nothing.
Q. When do you suggest we exit the trade?
A. We believe in taking small and quick profits. Many times in a ranging (choppy) market we will set our targets at 5-7
Dow emini points, all in all out, no scaling out. We'll take a quick $25-$35 on the trade ($300-$420 on 12 contracts). In
a trending market, we may scale out in three stages, 5 @ 5 points, 5 @ 10 points and 2 @ 20 points. We always set
our stop losses before we enter the trade. By using short targets, you will definitely miss most of the big moves, but if
you don't exercise money management you'll never be around for when they do occur. Better to bank your profits while
you can. The market can turn quickly and whipsaw you out in a flash. That modest profit you had going earlier can
becomes a loss in a big hurry.
Q. Do you use HotComm or other chat rooms I have to download?
A. No. There is nothing to download. If you are looking for a chit chat operation, we are not for you. As a member you
get direct access to our Trading Room each day. The calls, trigger prices and moderator comments are made from
this room. This room is not interactive; however, we do have second room available for the members and we also
have a bulletin board forum as well. The point is this, during the trading day, we concentrate on monitoring the set
ups, calling the trades and making money, not engaging in gibberish. Questions can always be answered after the
session is over.
Q. After I sign up is there anything I have to buy from you?
A. Good question. NO. We are not in the business of selling books, training manuals or videos, courses, indicators or
anything else. In fact we make it very clear that we provide no training. We expect you to have a working knowledge of
the futures market and to engage in your own continuing education program. There are plenty of sources available on
the Internet, including www.cbot.com. What you need to get started is standard material with any platform provider or
charting service. If you use Trade Station, we can email the workstations to you. If not, don't worry, the charts are quite
simple to set up.
Q. Can we get the scripts of the Trading Room each day?
A. Yes. By request, they can be emailed to you at the end of each session. These can be an excellent "self-help"
training tool in themselves. Back testing at its finest. You'll see the calls we made, the rational behind the calls and
the profit/loss on each trade. All designed to help make you a better trader.
Q. Do you use fixed stops or trailing stops.
A. Because we primarily trade on the momentum we use tight stops. The trade is either going to work in the near term
or it is not. Near term meaning less than a minute, many times in less than 15 seconds. If it's a ranging/choppy
market we'll use tight trailing stops and quick 'all out" targets. Many times you will hear 'order filled' and 'order filled' a
few seconds later. At times you are in and out that fast it sounds like an echo. If the market is trending, we'll use a
scaling out method described earlier, but usually our stops are still kept very tight on the first 2 parts of the scaling
out/exit strategy. On the 3rd part of the scale out, we'll use a fixed stop loss, bringing it up to break even (entry price)
and let it ride.
Q. Do you recommend scaling out at different price levels and letting part of my winning trade ride.
A. Our philosophy is to restrict your losses and take profits off the table quickly. Depending on the type of set up and
market conditions, you may decide to scale out of your position at various price levels. Other times you may find you
that market conditions are such that an "all in all out" strategy is more prudent. There may be times when you will
miss out on a big price run; however, we feel that ‘a bird in the hand is worth two in the bush’ and in the long run, it is
better to take your profit as soon as you can. Strict money management is key to survival. However, it’s your money, we
do not tell YOU what to do.
Q. What hours do we trade our setups?
A. We trade the regular hours; (9:30am to 4:15pm, EST). Although electronic trading of the emini futures is available
24 hours each business day, we do not advocate after hours trading. The rules and regulations and set up guidelines
are different during these time periods. In fact, we attempt to keep our trading limited to the 9:30am - 12:00pm 9noon)
time period. The best set ups and trading opportunities occur in this time period. The afternoon sessions invariably
produce more losing trades, so we prefer to make our trades in the morning, bank the profits, take the rest of the day
off, and come back the next day alert and ready for another profitable day. If the morning session did not provide that
many setups and/or it was a ranging/choppy morning market, we may return at 3pm to see if conditions re more
favorable into the last hour of trading.
Q. How do I get the trade alerts?
A. When applicable, throughout the trading day, you will get an alert posted in the trading room advising that a certain
set up is occurring. At that time we will also post the suggested entry (trigger) price. At times, we may change the
trigger price as new situations warrant. You will receive any changes/updates. Once in the trade, it is up to you to
decide when to exit. We will going to a voice conference system and should be operational by May 30, 2008.
Q. Do you provide any training?
A. The best training we can offer is our Trading Simulator where you can learn and develop your trading plan under
real market conditions. And where you can mistakes without suffering the consequences. You are expected to have a
basic understanding of how the market works and the risks involved. See the Risk Disclosure Statement. To become
a successful day trader could take months or years depending on a number of factors. Some day traders never
become successful. In fact it is estimated that 90% of all people who attempt to become day traders are not
successful. Only 10% survive the first year. We do not guarantee you will be one of the 10%; however, as a member of
CTF your chances are greatly improved. But don't expect to become an expert in 10 days.
Q. What Indicators do you use?
A. We don’t use any indicators. If you haven’t learned this by now, all indicators lag the market and are therefore of little
value when day trading. Save your money. The best tools you can use for day trading are free and readily available on
the Internet and can be used on all platforms. Our primary indicators (for lack of a better word) are Volume and Price.
And momentum, the relationship between volume and price. We monitor the candlestick charts, looking for
momentum breakouts and/or breakdowns. We also use a moving average crossover system. These are pretty much
all the tools we use which are readily available on any charting program. If you use Trade Station we can email the
workstations to you upon request. It is not a requirement that you learn the data in advance however, it may be to your
benefit to learn as you earn and perhaps in a year or so you may be able to break out on your own and become a
successful trader.
Q. How do I know if this will work for me?
A. That depends on you and your abilities. We expect you to have a fairly general idea of how the market works and
how to use your own platform. Basically what we are providing is the "heads up" alert that a particular set up is
occurring and the suggested entry point based on that set up. You get this information, live on your computer, in
advance before the alert triggers. We suggest certain exit strategies, but we do not dictate when you should exit the
market. That's up to you. It does not get any more down to the basics than that. As long as you can follow simple
instructions and know how to execute the orders on your platform you’re ready to go at any time. This is where the
rubber meets the road. If we don’t live up to our claims you’ll find out pretty quick. For your own benefit you should
follow a course of study to enhance your knowledge and understanding of the markets. Or you should sign up for our
Trading Simulator where you can test your trading strategies under real market conditions without the risk. Before you
do any trading read and understand the risk disclosure statement.
Q. Is there a free trial period.
A. Yes. The FREE trial period is for 3 trading days. No obligations. At the end of your trial period you can sign up for a
monthly membership if you desire. Membership is handled through Paypal, the most consumer friendly and most
reliable name in Internet commerce. If you decide to become a subscriber, membership is on a month to month
basis and you can cancel your membership at any time. During your free trial we suggest you follow along with us as
we trade ideally in our Trading Simulator, especially if you are new to the futures market, or at least until you feel
comfortable about making live trades. Based on past performances, most new members make enough in one day to
cover the monthly subscription.
Q. What is the monthly fee?
A. $295 per month. Most new members find they can make that in one day with one contract. But don't take our word.
Try our service free for 3 days, if you don't experience the same thing, then cancel your subscription, you've lost
nothing.
Q. When do you suggest we exit the trade?
A. We believe in taking small and quick profits. Many times in a ranging (choppy) market we will set our targets at 5-7
Dow emini points, all in all out, no scaling out. We'll take a quick $25-$35 on the trade ($300-$420 on 12 contracts). In
a trending market, we may scale out in three stages, 5 @ 5 points, 5 @ 10 points and 2 @ 20 points. We always set
our stop losses before we enter the trade. By using short targets, you will definitely miss most of the big moves, but if
you don't exercise money management you'll never be around for when they do occur. Better to bank your profits while
you can. The market can turn quickly and whipsaw you out in a flash. That modest profit you had going earlier can
becomes a loss in a big hurry.
Q. Do you use HotComm or other chat rooms I have to download?
A. No. There is nothing to download. If you are looking for a chit chat operation, we are not for you. As a member you
get direct access to our Trading Room each day. The calls, trigger prices and moderator comments are made from
this room. This room is not interactive; however, we do have second room available for the members and we also
have a bulletin board forum as well. The point is this, during the trading day, we concentrate on monitoring the set
ups, calling the trades and making money, not engaging in gibberish. Questions can always be answered after the
session is over.
Q. After I sign up is there anything I have to buy from you?
A. Good question. NO. We are not in the business of selling books, training manuals or videos, courses, indicators or
anything else. In fact we make it very clear that we provide no training. We expect you to have a working knowledge of
the futures market and to engage in your own continuing education program. There are plenty of sources available on
the Internet, including www.cbot.com. What you need to get started is standard material with any platform provider or
charting service. If you use Trade Station, we can email the workstations to you. If not, don't worry, the charts are quite
simple to set up.
Q. Can we get the scripts of the Trading Room each day?
A. Yes. By request, they can be emailed to you at the end of each session. These can be an excellent "self-help"
training tool in themselves. Back testing at its finest. You'll see the calls we made, the rational behind the calls and
the profit/loss on each trade. All designed to help make you a better trader.
Q. Do you use fixed stops or trailing stops.
A. Because we primarily trade on the momentum we use tight stops. The trade is either going to work in the near term
or it is not. Near term meaning less than a minute, many times in less than 15 seconds. If it's a ranging/choppy
market we'll use tight trailing stops and quick 'all out" targets. Many times you will hear 'order filled' and 'order filled' a
few seconds later. At times you are in and out that fast it sounds like an echo. If the market is trending, we'll use a
scaling out method described earlier, but usually our stops are still kept very tight on the first 2 parts of the scaling
out/exit strategy. On the 3rd part of the scale out, we'll use a fixed stop loss, bringing it up to break even (entry price)
and let it ride.
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