good afternoon traders it's a samurai trader here welcome to a recap of
today's trades on the ES 144 tick now we've got the After Hours market this is
the Sunday open in the USA and it's Monday afternoon here in Australia the
market opens at 9:00 am. Queensland time in Australia 10:00 am. in Sydney
and I just thought it'd be great to give a recap we've just been doing a live
training session and we've been marking these trades up as the markets been
developing so I thought it'd be a great recap I think yeah I read something on
the weekend which I wrote down which I thought was fantastic and most of you
have probably seen the movie The Matrix one of the main characters said to NEO
I'm trying to free your mind NEO but I can only show you the door
you're the one that has to walk through it and I thought that's just so
applicable to many of my students into many traders and this has been even
applicable to me in learning to trust the trend than trade with the trend
remember the trend is our friend and if you truly want to succeed and I know I
talk about this every training session because I deal with so many traders that
are really struggling or that have failed them trying to come back is they
continually counter trend trade when they are not taking the trend trades as well
in other words counter Trend trading is fine if you have a skill set but as I
always say master one set up become a specialist so let's have a look at our
first setup of the day that we qualified as a set up but what we've got here is a
t2 setup and we can see here where our stochastic is fully oversold our
long-term for short-term kicks up rolls over and here it is here and we're in
now that delivered a good 8 plus ticks a good $100.00 per contract here as most
of you know my target on the day market here is between 6 and 8 ticks it depends
on my stop so usually I'm after six ticks we had a
very very nice trade delivery here and down here I mark this one up for the
experienced divergence traders what we've got here is what we call a t19A
and also a T89 set up which really double qualifies this trade what
qualifies this one well what we've got is a higher low on our Platinum we can
see it here but I also have you can see my channel you can see the blue line is
my trigger line and we can see the big gap away so we've got a lower low on the
price action our higher high on our on our indicator here and our entry
technically speaking is outside the channel now you would not have entered
if you're playing it safe till this candle why just remember we always wait
for the zero lag or I recommend you wait for zero lag to turn up and we can see a
turning up here and turn magenta sorry it turned sign I should say right here
that was a really nice tick+ trade now let's go to our next trade here what we
had here was a t1 now a to you one we can see distinguished by the white paper
now remember that paint bar would not have plotted until we had a tick below
that candle which was here so I always mark it up straight after but it was
here he was your entry and that was a really nice eight tick move as well
waiting for of course the zero lag which had already qualified here to turn to
magenta now what I've got here on this particular trade I've marked it up is a
pivot bounce we can see here we've got a higher low now see the white paint bar
here we've got to here once again experienced traders only please for
newer traders stay with here we want to be staying with our sign line which is
the 89 EMA now notice the 89 is heading down but for our pivot traders we can
see we had a nice pivot bounce it was good for 8 ticks experienced traders to
kiss discount that one and that one so you've had one trend trade
2 trend trades and you're about to have a third one which is a nice a tick
wiener again now this is an 89 EMA bounce as we know we love the 89 bounces that
almost qualified as a bounce we've got a lovely bounce here good for 8 Ticks remember
you wouldn't venture to risk handle here til we qualified and we also had a
double top which we called T7 we have a number of codes just to make it
simple when we're doing our training we call that a t7 so we had a double top
our 89 EMA is trending down so we're trading with the trend we come
down here and then we had another paint bar here but we also had a t2 now notice
here that as our long-term stochastic is heading down that's not the ideal t2 and
the reason being there's actually a couple of reasons number one we're right
at a pivot now here we could bounce so what I've got here is t2 then a t1 so we
can see here now short-term stochastic is gone right up rolled over just there
that qualifies it ignore the paint bar for one moment that qualifies it as a t2
however if you follow the rules in what I recommend in waiting for the for the
zero lag your entry was not till over here now this is going to save you many
trades if you always wait for the zero lag now in the meantime when this candle
forms here we also had a t1 form here and we can see we rolled over so it was
a lovely trend trader was almost an 89 bounce it was a t2 technically and a t1
so a double qualification to the short side now we've had one two three four
trend trades you'll finish for the day if your target was $200 per contract
you've packed up your bags and gone home because six ticks on the ES is 75 gross
lest you less your brokerage of $5 you just made $70 per trade now here's what
tensed happen now we're live here in the market
right now by the way here's what tends to happen with the ES after hours market
but late the hours in the US. more traders that trade the after-hours
market have gone the bed of retired for the night so what we end up with is
later or in Monday afternoon Monday afternoon very very early in the morning
in Europe the volume tends to dry right up until Europe opens at around 5 pm.
Australian time so there's the time to start to be very very cautious but
anyway we've also had another couple of trade setups in thing which I'll show
you since that one there I'll mark this up anyway at T2 and the reason I marked
that up is that totally qualifies we're oversold you may notice that the Stoke
is starting to the long term stochastic starting a trend up but you at the time
you actually is very very hard to tell that at the time so we mark that up but
the reason that did not qualified as a trade is why why why is that well what
we can see here of course is that our zero lag is still sign it has not
rolled over now it started to roll over here but what happened well we can see
very very clearly now that our long-term stochastic is trending up and we had a
t10 which is a money on the floor trade so what is the money on the floor trader
money on the floor trade is where we have the long term stochastic start to
turn up it starts to run up and our short term comes down and kicks back up
again and that's what we call it's really a higher low so we can see we've
come down even though I don't have a paint but I'd love to see a paint bar
here actually that call them T11 in bed anyway
so we can see here we've got a high low our long term stochastic is up these are
a great trade to take so if a t2 did not qualify and you can see over here
you easily had your 8 ticks and remember when I said a couple of minutes ago wait
for you zero lag well by waiting for the zero lag here that to saved you a losing
trade now let me just quickly plot the
PowerPoint here traders um and let me just got a couple of minutes what I am
going to be doing is and if you haven't subscribed to my youtube channel please
do subscribe because what I'm going to be doing over the next week or so is
starting to put up and do a commentary and a complete training session on each
of my 13 core day trading strategies free so we're not quoting these codes
you're going to be able to subscribe to my channel and obtain all of these free
now we've got other Training Organisations or selling these setups
for thousand some many thousands of dollars but I'm going to train you in all of these
free of charge so we got the t1 the super scalper the t2 it's t6 now by the way
sometimes you'll have two or three of these will qualify together and
you'll discover why so got a whole range of different setups s13 I'm going to
train you in however just in the last couple of minutes I want to talk to you
very very quickly about something called ego depletion if you've watched most of
my videos you'll hear me talk about master one set up keep your chart as
clean as possible now I have a lot of things on my charts I teach you when I
do my coaching one-on-one I teach the trade is what indicators I really need
and we can strip a lot of that off the chart you don't need all of indicators
I've got up but anyway ego depletion what it really comes down it refers to
the idea of it self-control or willpower drawn upon a limited pool of mental
resources it can be used up what that means is the more decisions you have to
make the more likely you are to make a mistake so what it really means here is
that you need to or let me put it this way
less is best that's a better way of putting it the less decisions that you
have to make as you're trading the better so I'm going to train you
completely in 13 different strategies however in some ways it's day
you spy me in me doing this because what I don't want you to do is to try to
apply them all until you've mastered one and master of a second one
a master of a third so in the end as you look at these trading strategies I'm
going to train you in that you can develop what I call reflex action you
can look at it as milk and blood walk cities in these blink you can see in a
blink of an eye and you know exactly what to do otherwise you're going to
make mistakes that is the more decisions you have to make and by the way the
theory of ego depletion is that the light of it in the day or as you become
more tired the more likely you are with ego depletion to make mistakes so let's
just quickly go back to the chart so what we can see here trading with the
trend traders there are that many trades trading with the Trend it can keep you
very busy but the challenge is sometimes you're going to be waiting and sitting
around for maybe an hour and that is where traders get anxious well that is
really the trick in our business is that patience developing the discipline
traders I hope today's session was useful and please subscribe to my
youtube channel and over the next few weeks I will post up a complete training
session 15 minutes each of every one of my trading setups thank you