Mark Oryhon – Professional Strategies For Trading The DAX
Salepage : Mark Oryhon – Professional Strategies For Trading The DAX
Mark Oryhon is one of the world’s largest DAX dealers. This is your opportunity to learn from him.
Mark Oryhon began trading full-time in 1998, when he left DePaul University in the middle of my freshman year to trade the new E-mini S&P futures at the CME. During high school, I traded stocks and options, and over the summer after my graduation from Mt. Carmel High School in Chicago, I traded the huge S&P Futures contract.
Mark Oryhon was drawn to trading because he enjoyed the concept of having complete control over his destiny, with his final success or failure being entirely reliant on him, not company politics, connections, or a lucky or unlucky break. I also enjoy competing, and trading appeared to be the most competitive field in which to engage. It seems to be an enjoyable strategic game to play.
From 1998 until 2001, Mark Oryhon worked at the CME, particularly trading S&P E-minis. Mark Oryhon met Jack Earnest, the co-founder of Momentum Securities, in early 2001. Mark Oryhon relocated to Houston to trade alongside him and assist him in making the shift to trading electronic futures, which he felt would be the next big thing. The next year, I became the Vice President of Trading and a Principal at Velocity Futures.
How Mark Oryhon Began Trading The DAX
In early 2003, when volatility began to decline from previous years’ levels, Mark Oryhon switched from E-minis to DAX futures on Eurex in pursuit of a more turbulent market to trade. The DAX was unquestionably it. Many individuals have told me that trading the DAX is similar to trading the Nasdaq in the 1990s. It has a high level of volatility, trading range, and liquidity.
Mark Oryhon is a big believer in the need of discipline in trading success. Furthermore, Mark Oryhon believes that you must learn to read both yourself and the market. You must be able to recognize when you are in sync with the market and when you are not. You must be conscious of when you become furious or complacent, as this is when your discipline breaks down. Adjusting your trade based on your emotional state, in my opinion, is critical for consistent outcomes.
Mark Oryhon’s trading technique is a combination of scalping and intraday swing trading. Mark Oryhon uses scalping to get closer to the market’s pulse, which helps him to gain more timely entry on swing trades during market turning points. In a typical trading day, I might make 50-100 deals, 3-5 of which are intraday swing trades.
The training module is split into two sections:
SECTION I: First, Mark Oryhon will explain what the DAX is and why I switched from trading E-minis to trading the DAX full-time. There are various benefits to trading the DAX if you have the freedom to work while other traders are still sleeping.
SECTION II: Mark Oryhon will next show you the major tactics I employ to make a livelihood trading the DAX. The following are some of these strategies:
Divergence Trades Between The DAX And The DJ EURO STOXX 50 Fake Out Strategy 3-Minute Bar Opening Range
Strategy for Opening Range Reversal Fake Out Breakout
The Opening Range Follow Through Pullback Strategy for the DAX
I shall do the following for each of Mark Oryhon’s DAX strategies:
Mark Oryhon will teach you the rules he uses in his trading, step by step.
Show you several instances of how those trading principles are used in a range of circumstances you’re likely to face.
Show you how to manage your trades, including how to set profit targets and stop-loss levels.
Mark Oryhon’s extensive DVDs will teach you step-by-step how to use the approach in your own trade. As I walk you through inputs, trade management, and exits, I’ll explain all the intricacies and methods I utilize.
