good evening traders good morning traders are over you are in the world
I'm just recording a live t2 trade we've just gone down and just touched
the low of the day we're bouncing off the low of a day so just keep you
updated I've just shorted ten contracts using a t2 so we can see here that
long-term stochastic is well oversold we've turned up my entry was I would
have loved to have got in on the first candle which would have been a t25 but
one of the rules here that I am using I'm just training a couple of clients at
the moment is that I'm taking them we must always wait for the zero lags so
I've actually shorted 10 contracts a little bit of a pullback so I just put
this on hold and keep you updated so trade is we can see here now that we've
finally broken through after I'm not sure how many minutes it
took and we've got a nice little light right through we're really testing that
belows at that stage so we were sort of hovering there for probably a good 30
minutes but if you notice I hear our cyan line we're in a steady down
downtrend since the market opened at 9 am.
straight times 10 am. in Sydney so once again the ES 144 is a fantastic market
to trade for the after-hours market in the US and of course during the
Australian day so let me give a quick recap on some of our trades that you
could have taken today as I mentioned earlier I'm just training to trading
clients here right now so we've been marking up live as we went and I just
couldn't help him taking this trade now one thing I will say it's not uncommon
to bounce off the low of the day it's actually very common so what I recommend
is is really too extreme is to use extreme caution when you're at the low
or a high of a day maybe wait for a breakthrough and a pullback but anyway
let's quickly have a look at these we can see for our very first trade of a
day we had was a t2 to begin with we can see well actually it's a T10 my
apologies it's the money on the floor we can see our long term stochastic falling
down we see our shorts and come up roll over
we see our zero lag qualify and fall away and on the third candle of course
as soon as we tick below that second we had a t1 so all of these trades were
good for us six ticks over this trade I should say or both of those we're good
for six ticks then we had a t2 which was we're fully oversold with a long term we
roll up to go right up roll over turn down and we had a nice t2 then we had a
t25 now a T25 as a reminder is where we have a retracement of two to five
candles back into our channel and we can see here that paint bar was is actually a
red candle but reason we didn't take it there why not take it here well really
isn't quite two candles but also look at our zero lag it hasn't rolled over to
magenta so we're waiting for the magenta then you get a t1 formation here when
you actually roll over right here on this candle and you can see we turn
magenta down here I had to make this up as we were also discussing counter trend
trades which I do not recommend to new traders until you're already profitable
as a trend trader and remember traders as I say master one set up become an
epic traded with one set up before you move on to the second so a t19 is a
counter trend but what we had here was a high low and a lower low on price this
is what we call a classic T19A but we not but but and we had a zero line cross
at the same time this is a very very nice counter trend trades we then hadn't
but t1 have a t1 signal was not qualified until our candle just over
here and we turn magenta once again following the zero lag and using that
that's going to keep you out of a lot of losing trades yes it might cost you one
or two ticks is very you may have got in one or two ticks earlier but overall if
you fall that you're going to be very pleased you
did a little bit further down here we then had a very clear t2 which is about
where I started to record what qualified the t2 well notice we're oversold on our
long term stochastic we have a very nice pullback
you also had by the way here at t25 see you I had three candle pull back in of a
channel the reason I didn't take that as a t25 was I hadn't turned magenta my
zero lag was still here was still saying so we then answered and we picked up as
you know my target is six ticks which grows on ten contracts is 750 e-minis
around seven ten after after commissions and brokerage so we've never a t1
my apologies t2 to setting up here we're right on the pivot I'll go back to my
training session right now I'm not going to execute this trade here I'm right on
a pivot right now who knows it may continue that just doesn't meet one of
my trading criteria so traders I look forward to catching up with you again
very soon this is samurai say trader let me get
this right if you don't already subscribe to my youtube channel please
click on the red button below and subscribe and be kept updated and look
at this here look at that t2 take off so far that's good for one two three
now you may be wondering why didn't I take the trade well the further I move
out of the channel the more likely we are to have a pullback
into the channel but quite often still take those but we are at a pivot so when
we've had a pivot we've had some strong down moves I just like to sit on them on
the sidelines and just wait we may get a retracement but I prefer to see us come
back up we had a strong move down and we went to a pivot good chance we may
bounce on up so just to recap that the further outside the channel channel
you are and you can see the black lines here and actually let me just do
something here for you just get rid of that so perhaps you can see so you can
see my channel by the way the blue line here is my trigger line that when I'm
out of that channel too far I start to feel uncomfortable because very good
chance and I have a snapback up there is always another bus around the corner
traders I I hope this was helpful for you we'll catch up again very soon