so traders what I'm looking for is a clean t10 we can see the short term
stochastic falling we can see price attempting the push-up but after a good
divergence trade so I'm not in that trade I don't like to take T1's after
I have a good t19 so we can see here my short turns rolling over first time it
will be down around the 89 to 200 so I'm just waiting for this to roll over and
but also then form a lower high so we can see that up here on the top right so
just patiently waiting the other good signal we have here notice that our
platinum has dropped down below the zero line we're coming up excuse me our
long-term stochastic is fallen our Stoke oh sorry our platinum is falling rolling
over we just form a little double top here so we may have a very very good t10
setting up so on the clothes actually I should really be in now it teach me for
order failed for talking I actually should have entered now in this
particular case I haven't waited for zero lag roll over with my level of
experience I have a worried about that however new traders wait for your zero
lag it will just keep you out of a lot of bad trades so you can see I've got a
13 tick target I'm going to drop my stop down to 10 ticks 10 Ticks as sort of like
the minimum stop loss at all users you know most of you know at least that I
always have my stop two ticks above the closest one high or swing low with a
little swing here but prefer to keep it up a little i give the market little
room to move so I just put this video on hold as we wait for this trade to
deliver so traders we can see here that our t10 is slowly falling here in our
trade direction we can see here that we've had some nice divergence here so
actually work out to be a double top it's got to be very cautious down here
because we could have an 89 bounce form so now looking at the higher time frame
sort of the daily range it's been little all over the place today so slightly
trending on the long side a lot of indecision so if i come down and bounce
around this 89 will move my type of target up from 13 ticks up to around the
10 or 11 just because quite often we get these bounces around the 89 and
particularly we've got convergence here of the 89 and the 200 so I'll just put
it on hold and we'll just wait for some more action now another logical place
for this trade to head to of course is the lower pivot we can see down here so
we may see a bounce on our longer-term go back up then eventually fall of a
pivot of course the markets market it does what it does and the most important
thing of course I trading probabilities and I trade patterns as a pattern trader
it makes trading a lot easier I know my statistics which gives me my
probabilities and I know my patterns and it just makes trading a lot more
enjoyable so as a patterns trader i'm just sitting back patiently waiting for
patterns to appear as we had a beautiful t10 pattern just here
now we also had t1 here but when it's often 19 rise very very cautious here
now I'm going to bring my stop down and here is why traders with good
possibility we can always get a bounce as I mentioned earlier off the 89 which
I'm not prepared to give anything back now here we build so we're filled that was
13 tikcs $65 a contract six hundred and fifty dollars less brokerage on 10
contracts now hopefully this just really showed you how easy trading can be when
you work on a rules-based methodology so my long-term stochastic was down I had a
rollover my short-term of t19 all of the things you'll notice here potential
we could have a little bouncier as I mentioned or we may drop down at the
pivot I like to have set profit targets myself that's suits my methodology for a
lot of traders like to trail their their trades here we go now look at a pop
through let's see what it does here on the pivot now this within itself you can
see there's a lot of pressure this within itself may even form a t19
that won't suit for a number of other rules to a t19 or even a t89 it may
form now by the way I code my trades t1 t2's t10's it just makes it easier when
i'm in a coaching scenario or running a seminar once traders understand what the
codes are so we can see here where perhaps can bounce bounce on the pivot
here so i'm going to put this back on the hold and
we'll see what else happens further on
that's why I'm waiting for another set up one thing I also want to say try this
is my chart is very busy here when you're trading remove anything that you
don't really need on the chart that is sometimes I'm something may look good by
the way this is t98 we've got setting setting up here let's
just see here if I get filled and my target will be see here going to be very
very careful here it cause very good chance we'll have a teeth to set up so
what I'm going to do I'm actually going to and I didn't get filled threats on my
contract sexually only one contract
so what I've just done try this is order build just close down and the reason i
closed out and just snapped a very very quick little profit there was I've got a
t2 setting up at the moment so this is a t89 now it may very well continue up
just with the pivot up above it just didn't meet my one hundred percent
trading rules so just did a quick scalp as you can see just jumping in and out
there but I'll wait and see what happens here other tribes are going back there
are a couple of things here that I do need to have a much heart my bottom and
go here this window y zero lag my trigger line and to longer-term moving
averages once you learn and the way I train a brand new traders we layer one
indicator on at a time after a while of course you develop what we call reflex
action you can recognize a trade setup in a blink of an eye now what we're
waiting for of course is high probability trades now shamelessly just
while we're waiting for another setup of course I've got to give a quick
promotion of my just put one slide up here just your in your experience trader
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probably go for 30 minutes later on this week just on all aspects of what I cover
in the program now let me quickly go back here I need to see what's happening
so one hundred ninety seven dollars I'm doing this traders because i love
trading i love coach as most year where I only coach 10 to 15
hours a week because of my longer term commitments on some of the contracts
that I have and our day trade around 20 hours a week around four hours a day
sometimes three hours at a maximum so let me minimize house let's go back okay
we can see the market looks like it's still rising i'm looking for a potential
roll over right but I've got to go check and see how the black gold is doing how
oil is going so I need to put this back on hold just one weight in front of the
trade setup i just want to show you what i look for after not almost identical
after let me get this right sorry traders it's 4:49 am i am getting a
little weary Gold's been fantastic and if anyone here trades of YM have a look
at the nine range we've had some wonderful with trend line trades today
using the t1 we've had three absolute fantastic trades area of around 20 ticks
each so let's have a look at towards the market closed yesterday morning 24 hours
ago around this time or an hour before see here or failure high actually had a
bearish wolfe wave late a wave break and let me just put back to those of you
that use my where are we here the channel sorry from all over place
traders just get this up here just the channel I like to show the channel here
we had a nice channel break here and this is a t10 now here i was going for
13 ticks and I then had a nice little a t1 form and I wait off of a zero lag even
though this other trade wasn't filled i shorted the market again and you can see
here it delivered beautifully both trades were off a t89 so we'd had a
great t89 trade then I sure did now even know we will write on the 89 EMA
you can see here we bounced off here but quite often when you get these bounces
off major divergence they quite often fail so here we hovered around this is
the zero lag actually rolled over I entered see my exit and then I had a t1
got in a little late should have been on this candle and I entered so that was to
six hundred fifty dollar trades 10 contracts each very very nice trades
there or $65 $60 say I've per contract after you trade now remember if your
goal is two hundred dollars a trade generally you're after three to four net
trade today as most of you know I'm what they call a sniper I just sit back once
again without wanting to repeat myself I just wait for those key trade setups and
as I say to all traders Otis let me just point out what I did here where you get
these major swing lows that may continue to run but what you've got to be very
careful of is just another thing before the zero lag but let me just point out
for newed traders and even the experienced traders if you want to have
slightly stress-free wait for your zero lag to roll over so you can see here
entry would have been on this candle here and you had a t1's he had a
bounce off the pivot so I jumped in on the t2 the market continued to rise
we then had a pivot bounce and then we fell now we can see here that little as
I mentioned my stop and this gets back to trading too many things at once if
you are trading multiple markets you're going to see this happens all the time
is that unless you're really focused see a little double bottom there I stopped
and I had to move it up and I think I ended up getting 11 ticcks instead of 13
ticks because I come down it was within one tick but I was below that little
swing low so you if heard we talked about this on many of those on
my client base of heard me talk about this virtual every day I like the front
run my targets so like the firm run this a little scope I got out of yes had
ended up to live there delivering but it wasn't ideal and the reason was an ideal
notice here that our entry there we didn't have a perfect what I call to
Hills platinum that's why I didn't stick with that trade ended up delivering but
anyway what could I should have so let me just do a quick recap here lovely t10
and 89 that did end up delivering but it wasn't perfect but it did deliver I
jumped in on a t2 eventually delivered just have a pivot bounce if you had a
waited because the zero lag which once again you hear me talk about new traders
particularly wait for the zero lag means at times you'll get in trades later etc
but time you'll be very related we can see here then we had a nice t1 they have
a t1 if you're waiting for for a t1 pivot bounce sorry now what makes this
one also good let me point this out reason this is a great pivot bounce look
at my 89 and 200 they're also in a strong downtrend so you can see here
that that was really a pitch but with just a beautiful trade to take and I've
just misses trade but we've also just had another T89 which the market is
falling very very nicely and I'll have to go because I've got some things
happening on the YM and that's about to come let me just have a quick look so a
traders this one moment okay yep it's about to deliver I've traders I'm going
to have to wrap this up because I've got a couple of different trades on at the
moment as you can see traders you know if you've got a target of two hundred
dollars a day which is per contract try to let me put this on hold is something
I want to explain but I've got to manage this other trade just be a second
what I want to say trade is just in closing when as you know my target is
200 per contract per day I usually wrap that up with in about an hour get up to
three hundred and forty dollars per contract I'm only willing to give back
one trade and that an average stop of 12 13 ticks at 60 65
dollars that's all I'm willing to give up the maximum stop you'll ever see me
use is 14 ticks so that's sort of my maximum unwilling to give back so if i'm up to
say 350 and i give that katie i will finish trading for that day that's just
what works for me i know a brilliant trader right out of canada he continues
to trade all day because he tends to be up around six or seven hundred dollars
at least per day per contract but he's willing to handle that he's been trading
for 20 years also from a psychological point of view now getting back to the
multiple markets and let me just quickly flick this down once again come and get
my program you'll have all of this showing to you my top 12 setups or even
register for my video which is coming out as i mentioned in a few days time
might be three or four days time which will explain my entire program but
getting back to this we can see it's still tracked if you've got outta just
that in Texas so trading can be totally rules-based don't make it difficult and
we'll just hit the law of a day