Good evening traders its a samurai trader here recapping the NQ 133 tick chart
once again doesn't matter which market you trade whether it be futures stocks
forex all of these setups work in any market where we have volatility and what
I'm the chart i'm about to run through on the market i'm about to run through
what's applicable to any market that there is when the market is sideways
you're going to be chopped up now a lot of traders ask me as I coach them or why
did I get into coaching traders well there's a saying that you'll hear me say
on a regular basis who you teachers learns twice and my trading results have
gone through the roof I think the biggest reason is I'm all of a sudden
held accountable as a trader and as a coach that is because I'm executing
trades in virtually in front of virtually every student that I have
real-time trades and it makes me lift my standards and and I think this is a
really important thing I want to get today's session under way with is a
question I want you to really ask yourself is this if you're not
succeeding as a trader you need to ask yourself why and I just quickly put
together this slide just be for a position under way and and as it says
here let me ask you a question what are the two most important actions you could
undertake that would dramatically improve your trading what are they they
are is it no longer counter trend trading is it no longer moving your stop
is it trend trading only trading with the trend you see what I've discovered
is when army with either institutional traders or private traders and they're
they're not achieving their goals it is usually because of their level of
standards when it comes to trading that is greatness is a choice greatness in
life is a choice greatness as a trader is a choice if you're not achieving your
results that you want to be achieving lift your standards that is hold
yourself accountable that is hold yourself accountable now let's have a
look at and today I want to really focus on trading with the trend because if you
trade with the trend and stick with the T1's and the t2s stay out of a
sideways market which will have a look at and we'll explore what constitutes a
sideways market you will succeed as a trader but to truly succeed you need to
have a trading diary every single trade that you take I want you to jot down in
your diary and I have dozens of them I that is manuals that I have of every try
that I take and comments and notes from every trading day and in this trading
Diary I want you to write down the trade you took the time you took it the market
the entry signal your exit and any personal feelings you may have had good
bad or ugly it allows you to go back and to review your trading day on a daily
basis if you start to undertake these sorts of things I can guarantee you you
are going to dramatically improve as a trader dramatically so let me just
remove and indicate here and I'm going to simply take off the trigger line as
well right now so let me just remove the alligator okay and let's have a look now
at the chart so oh and sorry and just to finalize their the big thing is here
lift your standards now remember for 2015 we're only just into new year
remember that your habits are going to control your trading results so let's
have a look at trend trading today now as we know the cyan line here is our 89
EMA the 89 is like a magnet and you'll see 89 bounces every single day in fact
you could trade the 89 bounces on their own what I also have on the chart is
what I call my t1 the Super scalper in TradeStation of plots automatically
for me and when I have a super scalper or the paint bar
plot in the direction of the 89 that gives me 90 percent of a case
is a very very clear entry signal now I have a trading plan where nearly all of
my setups probably what I'd call probably 90 to 95th, 90 to 95
percent mechanical in nature or rules-based where the human intervention
comes in is are there any news announcements or am I in chopped am I in
a sideways market so let's have a look at these so starting on the left here
I've just taken it from mark the market open and remembering from the market
open a lot of these trades move that quickly and for my students you know I
don't like to trade the first hour of the market because generally speaking
it's moving very very quickly and and I use the ES as an indication and because
you get much less volume of course on the NQ why do I trade the NQ because i
love the volatility and i just tend to find that you did it's just fantastic
but you need to be quick that is i'm using market orders because unless the
markets very very slow you're going to miss the trade so having look here we've
got here a t1 with a an 89 EMA bounce but in fact my entry was until here why
is that remember with the zed lag I want the zed lag when I'm going short to be
turning magenta I want to see the magenta color that's just an additional
filter that I use so we can see a bounce off if he stopped was up here of
course you're mighty fine however rules the rules stick to your rules and you'll
become a much better trader so this is a lovely this is about 10 ticks I'm after
11 ticks which is $55 I'm on generally seeking at least two hundred dollars net
so what I'm really after is for 11 tick trades a day now generally on the end
cues as will go through here you'll get 40 or 50 signals at least on a good day
on a slower day you might get 25.30 so to achieve 2 to 4 net traders arm is
basically 19 out of 20 days probably on average e to achieve
so quickly we'll run out of time otherwise we've got an 89 bounce here
I've got another one my entry was not until this candle here once again 11 ticks
now we had a very very nice double top it's what I call a t7 now I love t7's
in the direction of a trend you can see here we've been trending down a
very very nice double top my platinum is falling and you're in and you've also
got of course confirmation with the magenta now down here I don't have a
paint bar he is I don't have a t1 and this is what we call a t2 signal now
it's just after and if you notice here the black line here is the long-term
stochastic and it's in a downtrend this is borderline t10 and at t2 it is it's a
cross between really a money on the floor and that in a slingshot now a
slingshot is where the long-term stochastic is oversold or overboard here
we're of course we can see what we're oversold and we come up we roll over and
away we go now we have another trade signal traders called the t25 which is a
pullback of two to five candles so you could have got in here or there but that
was a very very nice living 220 tick trade as well and you actually had
another one here as well t25 or a slingshot now notice how I'm still
oversold we pull up and that sling slot things let me give a right slingshot in
the direction of the trend down the bottom here I don't want to talk too
much about counter trend trades but you can see here I've got to a two t1
signals counter trend trade I turn here I turn cyan so for my counter trend
traders you've got a beautiful trade there now paint bar here why wouldn't
you take an active a short side well look at my zero lag it's in a very
definite uptrend however you do have one here and for the traders of the trading
now you can see here actually only 25 minutes into the market here and many
traders would have taken this one here and then stop that even though when we
turn to hear magenta but the 21's turn up but still a lot
of traders would have been caught here but here we've got a rising long-term
Stoke a pull down and you've got a t10 a t2 again these are all rules-based
mechanical entries if you noticed okay so we're all pulling back thank you very
much now remember you'll stop here is two ticks below your low up here okay it
would be this is what you call a t89 whoops and I promised I wouldn't talk to
you about counter trend trades today but now I've mentioned a t89 is where
you've moved well out of a channel and you've got a gap of zero lag and your
entry is outside the channel very high probability trading ahead one right
there but what I wanted to mention here is notice how our 89 EMA is sideways here
traders and I started to write to type in their patients or this remove that
for now but stand aside and wait and this is the greatest and probably the
most important rule for traders is you know if you consider the skill set of a
sniper and of course the movie the American sniper is just come out and
huge rave reviews and I recommend if you see the movie the patient's a sniper has
to have I've got to lay there for hours and really if I really look at my best
traders is patience is a virtue they are patient they are disciplined they are
quick in many ways they're they're ruthless that's what makes a great
sniper and that is what makes a great trader so here you really should have
been standing aside not taking trades not that there was many in this area
here by the way but the point is here when you see your 89 and also not
only that is I want to mention here a pivot and 89 right on a pivot this is a
real danger area here so we get those sit on your hands they might remember
you're only after 2 to 4 trades a day to financial independence 2 to 4 trades a
day and you become very very wealthy if you go
back and have a look at some of my earlier videos you'll see where i talk
about achieving just one hundred dollars a day per contract on twenty thousand
dollars with a stop of 2.8 percent your trading eight contracts on
a hundred dollars a day it's eight hundred dollars a day but it's four
thousand dollars a week and as your account billed you add extra contracts
well what I actually recommend the first thing I want to do is to get your risk
factor down to one percent and I should just clarify that where I'm talking
about a risk factor of 2.8 that's extreme really what you're after is
comfort level which is one percent but getting back to here now look at these
to t1s movies paint bars bank winner 89 bounce winner winner here stopped okay
here you would have been stopped on that trade here you entry was not till he a
bit a winner you had a t2 a winner a paint bar a winner now that there was 11
ticks and just like this another winner now what's happening over here traders
is once again we're heading this congestion now notice this what can you
see the 89 is sideways but what else have we got we're right on the pivot so
we're self chopping around on the pivot yes I know there's some great skilled
pivot traders but I'm really talking to try to see that want to be very
mechanical and lower their risk stay with the trend trader stick with the
trend that trend is your friend till it ends so traders as a quick recap
greatness is a choice as a trader really you know I'm your success partner
my job as your trading coach is to really assist you and talk to you about
lifting your trading standards and becoming a sniper becoming patient so
I'd like to thank you for watching my video if you