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DeWayne Reeves
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DeWayne Reeves is the founder of CFRN and host of a popular radio program heard daily in over 20 countries. A former equities trader, he has focused primarily on the S&P 500 Emini Futures Market for the past 5 years. His insights and trading methodology are a blend of traditional technical... More
My company:
CFRN - Christian Financial Radio Network
My blog:
Christian Financial Radio Network
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  • Learn To Read A Chart - Trade Like A Master - Learn How Today

    Please register for this week's CFRN Live Emini Trading Room Open House

    Jan 21, 2015 9:30 AM EST

    https://attendee.gotowebinar.com/register/3802807563599784449

    Password is LearnToTrade

    Room is open from 9:30 to 11:30am EST M-F.

    The room may open early, but moderation does not start until 9:30am EST.

    Have you downloaded your Demo Platform yet?

    We recommend the dtPro Platform. Whether you use dtPro or Ninja Trader, go to cfrn.net/trial and follow the instructions you find there.

    If we can teach you to consistently earn $100 per contract, per day.... that's a beginning. (oh btw - we allow you 10 trades to do it) Then we help you learn the discipline to add 1 contract at a time, with profits you've earned in the market. Profits make you a Trader - Nothing ELSE!

    It's not a Holy Grail, you will NOT get rich overnight. However, if you listen, follow the plan, learn the discipline, allow our aggressive risk management to become not a decision you make, but a natural reflex... there's a high probability that you can be trading 20 contracts in 24 months. We call it the 24/20 Blueprint.

    You can trade any Futures Market with our Methodology. In fact we use the same trade, indicators, time frame on every market and we never risk more than 8 ticks. This is a new world. This is a journey built from the ground up to put you in the 10% group that succeeds, not the 90% that fail, as published by Futures Mag and everyone else.

    We see you as a success from day one. We see you as a 10%'er from day one. Whether you're brand new or an old veteran, you've never seen or heard what you will encounter over the next week. Your financial destiny is in your hands. Your future is a mouse click away. Do your coursework, because we can not make you wealthy, but you will have the power to do anything you want if you simply learn to trade

    We trade #SP500 #ES #Russell #Gold #Crude #Bonds #dow #Euro and more...

    One you learn our setup and have your hands on our Platform, you ca trade ANY maket..

    All the heavy lifting has been done. Listen, watch, learn, do it!

    All questions should be directed to support@cfrn.net, 949-42-EMINI or 866-928-33

    After registering, you will receive a confirmation email containing information about joining the webinar.

    You will be terrified, confused and slightly dizzy the first day. Relax. Don't worry about the strange colors and odd terminology. It's a 5 step process. Same setup, on every Trade, in every Market. This has not been done before. You must see it with your own eyes.

    Get over here to get going - cfrn.net/trial

    Tomorrow morning be here @ 9:30am EST

    https://attendee.gotowebinar.com/register/3802807563599784449

    Password is LearnToTrade

    Tired of gimmicks, gurus and garbage?

    This is a place where you will learn to read the Chart. Not only read it, but understand it. After that, Trading becomes Common Sense.

    No obligation / No CC / Just a desire to Trade for a Living!

    Approaching our 10 year anniversary. Come join us.

    Jan 21 3:18 AM | Link | Comment!
  • Concierge Trade Alert Service Webinar 2pm Today! 12/31/14

    Concierge Webinar Starts @ 2pm EST

    CFRN - Use Our Trade Alert Service To Build Your Trading Business Beyond Your Own Desk

    Please register for CFRN - Use Our Trade Alert Service To Build Your Trading Business Beyond Your Own Desk on Dec 31, 2014 2:00 PM EST at:

    https://attendee.gotowebinar.com/register/4936777885431200514

    password: tradealertservice

    Learn more about our Concierge Trade Alert Service and learn how you can build your Trading Business beyond your own Trading Desk.

    After registering, you will receive a confirmation email containing information about joining the webinar.

    2pm EST TODAY!

    Dec 23 3:23 PM | Link | Comment!
  • The Flash Boys - Where Are They Now?

    Earlier this year that's all anyone could talk about - The Flash Boys. Their popularity may have even eclipsed the Beach Boys... for a moment. In fact, Forbes, a magazine I hold in high regard even penned an article which said life for the retail trader had run its course. Done, over, kaput!

    I also was motivated to pen an article, in defense of the retail trader. I also went on to say that rather than run with our tail between our legs, we should stand our ground and click the mouse only when we saw the whites of their eyes.... Actually, I worded it a bit differently, but I'm pretty sure I got the point across.

    Here's the article in case you missed it, and a link to it in it's entirety. Nothing earth shaking at this point, but at the time (check the date)... a timely point of view. Agree or disagree? I would love to hear from you either way.

    Blessings

    DeWayne

    FORBES SAYS...
    THE ONLY WAY TO BEAT THE FLASH BOYS IS NOT TO TRADE

    A little piece of me died when I read that headline and the article that followed. The same little piece that smokes a pipe, wears a Mr. Rogers sweater and drives an Oldsmobile.

    S&P 500 TRADERS USE CFRN EMINI METHOD® TO SMOKE THE FLASH BOYS

    Now to prove I'm not making this up, let me quote directly from the article written by John Wasik a contributor to Forbes and published today:

    "How do you beat Wall Street at trading?"

    "Don't trade."

    That's my advice in a nutshell because it avoids the mostly true, but old news of Lewis's book. You can't beat robotic high-frequency trading programs unless you have what the big boys have: High-speed fiber optics lines to exchange servers, precise algorithms and the budget to finance all of the latest software and hardware. (Source: Forbes)

    FLASH BOYS CRANK UP PRINTING PRESS FOR SCALPERS WHO CAN THINK

    I agree with John, I'll never beat the Flash Boys in a foot race down to the exchange and back. More importantly... I don't need to! I also don't need high speed fiber optic cable tied directly to exchange servers. The same fiber my kids watch Saturday morning cartoons on is the same fiber I use to transmit sensitive data around the world. Granted, I do pay my bandwidth henchmen (Cox Cable) an extra $150 a month to "goose me" when I need a little extra pipe to get the job done. As for software, I use dtPro which is free from Daniels Trading.

    Last but certainly not least, I do need some hardware to run my software, to get my S&P 500 Emini order into the pipe. We do recognize the need for a "rock solid" machine to bring all the magic together. You've been told to spend $4k for a "trading computer", haven't you? In fact, you've been told that to be a Professional Trader you need a "special" machine. What you need is simply a fast, reliable computer. Google the search term "Emini Trading Computer" and check out the top result.CFRN Emini Trading Computer.

    When you do the Google search, I'm not referring to the expensive advertisements at the top and by the way, unless you're really serious, don't click those ads. Why? Those keywords run the advertiser about $12.00 per click. However the first organic result you get, yes that's us. Click away... it won't cost us a dime because that's not an ad, that's Google's choice for the best search result for an Emini Trading Computer. Yes we're humbled and honored to be in the #1 spot, but more importantly, we're excited to be able to sell you a "rock solid" machine, hand built, right here in America.

    Will the $4k computers in the ad above us outperform us on some benchmark tests? Sure. It's akin to owning a car that will go 160 mph when the top speed limit is 70. In other words, you could be paying for stuff you'll never need. Can we bump you to an i7 chip? Add umpteen video cards? Sure. We prefer to give you what you need at a price you can afford. Don't get me wrong, those other computers are awesome, but if you think they are going to make you a better trader, forget about it. Our machine will send your order down the pipe and bring you back confirmation in the blink of an eye. Whether you're trading 1 contract or a 1,000.

    BACK TO THE FLASH BOYS AND HOW WE TRADE EMINI FUTURES

    So before we all loose our train of thought drooling over our need for speed, let me get back to the point. If we get a Slingshot setup that tells us to buy the ES Emini at 1882.75, we enter a limit order. Sometimes we get filled, sometimes we don't. That's been going on forever. The S&P, above and beyond every other market out there, channels back and forth and back and forth, whether it's in an uptrend or a downtrend. So why am I a "Fan of the Flash Boys"?

    It's the liquidity st_ _ _ d. That's an old joke, on an old play on words, by an old politician. If you don't get it, forget it. If the ask is 1883 and the bid is 1882.75 and my limit order is 1882.75, that means I'll pay 1882.75 and not a penny more. Unless, I clickMIT which means "market if touched". Now as desperately as I want to buy at 1882.75, in the S&P, someone else is most likely just as hot to trot to sell 1883. Now if he thinks the Flash Boys are going to beat him to the exchange... what might he do? He might click "market if touched" or better yet he just drops his offer a tick because the new best seller on Wall Street tells him "if you want to play, you gotta pay".

    Flash Boys - New Kidz On The Block?

    For those of us who earn a living pulling 2 points (8 ticks) a day out of the most liquid market around - the S&P 500, we've been thinking fast on our seat for a long, long time. If my 1882.75 order doesn't get filled that's ok. I'll wait for the next train. However, with all the buzz about SPEED SPEED SPEED, I'm no longer waiting on a train, my ship has come in. Straight up.

    Why? While everyone is focused on being the first to the table, we're already at the table. We still have time to think. We still have time to wait for everything to come together just the way we like it. Worse case scenario? We get more opportunities every single trading day. Once the initial shock wears off, and everyone comes back out to play, us dirty rotten scoundrels, "the scalpers", we're about to have it better than we've ever had it before.

    Don't Forget Your Algorithm Flash Boy

    We have some pretty fancy math here at CFRN. We don't tout it as an Algo, but we could I suppose. We've color coded things for simplicity and we honestly hide all the dirty work behind the scenes. The heavy lifting, the grunting and squealing... all you hear are Michael's dulcet tones. Cool, calm, collected, pointing you towards the next trade.

    Our math is fluent in over 7 languages.

    • S&P500
    • Russell
    • Gold
    • Crude
    • Soybeans
    • Natural Gas
    • Euro

    and those are just the ones we discuss outside the family office. Our math was never designed around speed, the cornerstone of what we do is called opportunity. At some point, the car moving so fast the driver can't see is bound to crash and burn. At our speed, we still have time to think, to analyze, to make decisions that are in our best interest.

    DON'T TAKE MY WORD FOR IT

    I'm just another voice on the internet. Why should you believe me? You shouldn't... not yet. First, come see what I've just told you. Watch our Lead Trader in action as he puts on and takes off trades in real time, with real money, in front of real people.

    Once you see it, we'll even let you try it. Take the controls and go for a spin around the track. In fact, take 5 days. At the end of 5 days ask yourself which makes more sense:

    • Skimming a penny off a million trades in a week? ($10k profit)
    • Making 2 points a day (8 ticks) as a 20 contract trader in a week? ($10k profit)

    Remember now, according to the writer at Forbes, choice #1 requires:

    High-speed fiber optics lines to exchange servers, precise algorithms and the budget to finance all of the latest software and hardware.

    While choice #2 simply requires you to come hang out with us for a week at no charge. Chances are you already have a computer. In fact, if you're reading this... thank a teacher, if you're reading it in English, thank a soldier, if you're reading it on the Internet, thank Al Gore.

    Seriously, our 90 day course is designed to make you Guru Free Forever. Once you have our software and learn how to read a chart, you've been set free. On top of that, the price probably has 2 less commas than you're thinking of right now.

    There has never been a better time than now to take advantage of the "Chicken Little Sky Is Falling" mentality on Wall Street. It's like slam dunking a basketball with a step-ladder from Home Depot. Don't believe me? Smart man. Come see it for yourself....

    There appears to be a podcast attached to the article. You can click the headphones when you go to the the original article.

    The original post can be found at

    http://www.cfrn.net/emini-news-blog/2014/4/2/how-cfrn-emini-method-profits-from-flash-boys.html

    There appears to be a podcast attached to the article. You can click the headphones when you go to the the original article. No promise that days podcast is connected to the article as I tend to write after the Daily Radio Broadcast. You have been warned.

    This might also be one of the first days I spoke with Wayne Jett author of extremely popular non-fiction The Fruits of Graft.

    Trading's Not Easy - But It Can Be Simple!


    Questions?

    Call us @ 949-42-EMINI or 866-928-3310 or email: support@cfrn.net

    Since we wrote this article we have completed our 3 year public beta test of our Concierge Trade Alert Service. Should you choose to become a Client you will receive 5-8 trade alerts via email each night Sunday through Thursday. If you visit this page

    https://plus.google.com/communities/114456349514681998750

    you find Charts, Articles, Video Recaps etc... why not use our own website you ask? Simple... we would never want their to be even the slightest hint of a question or idea that we had tinkered with the Timeline or Date Stamp. The good new? You see it all - The Good / The Bad and the Brutal.

    Dec 10 8:33 PM | Link | Comment!
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