hello traders its a samurai trade here welcome to my trade recap video trades
that are taken from the day traders fast-track program traders we really
look at trading as easy as 123 here are the three steps that we need to take
number one we watch for the pattern and that is probably one of the most
essential parts of trading is that your strategy be pattern based and also be
very mechanical and rule space which leads sin to number two does it meet the
rules you need to have a very clearly defined set of rules then of course
number three is to execute the trade and manage your trade and that becomes
easier as you gain confidence in your trading setup now we're going to be
looking at some charts and some trades in a moment first of all if you're new
to my channel or to my videos you need to please read the risk disclaimer as
there's always a risk in trading and if you haven't already done so down the
bottom right hand corner you can click on that little button here and go
fullscreen make a little easier when we look at the chance this is a photo that
i cut out years ago out of an article or cut out to was online actually and i
save this article about these three traders and I've never forgotten it
because the the article.really was about trading hours and it was headed the
traders who skip most of a day so they trade the open the close then golf and
as they said years ago as floor traders they'd be on the floor four hours now zad
ninth and during the middle of the day of course it was very quiet and so we
see most of the trading activity in the first hour two and of course in the
last hour or two so these three gentlemen really that's what they do if
it is trade the open and they trade the clothes with that being said I also have
another same is that within the first 15 minutes to 30 minutes they're also know
as the killing fields that is it's very easy to be slaughtered by the
professionals and I recommend in many cases that you jump to a higher time
frame because I'm just not clear enough for an example in most cases trading a
133 tick incude bar chart the market moves too fast for me I like the 133
it's smooth but within the first 15 to 30 minutes usually it's not a good time
for me to be trading so find an ideal time frame for you and that's about to
lead us into in a moment when we look at the forex because forex is very
dependent on the time of day but before we get there you may be wondering what
Tom Hanks face is doing here from that great movie cast away well for
those who've seen the movie you may remember when Tom Hanks is woken by the
sound of metal or I think it was actually aluminium scraping against
rocks and he goes down and he looks at this bit of aluminium he stands it up
and he stares at it for ages and ages what is he doing he's thinking too often
traders when we trade we remember that is we remember past experiences where
men remember negative experiences when we go to the charts in a moment I want
you to be thinking when you look at these charts how could I make this work
how can I improve this and I want you to ponder when you go to your own charts
and to think not to remember but to think and Richard Bandler one of the
inventors of NLP neuro-linguistic program end our lives on remembering
past experiences instead of thinking about experiences thinking how we can
grow now all of this of course is covered comprehensively in my courses
don't go we're about to go to the charts if you haven't already subscribed to my
channel please do and of course you can get down now I've now released my
trendsetter cheat sheets for training video and my free 160 page ebook ebook
the truth about they trading please visit my website for that go there fill
it out and I'll get those sent you but anyway let's now go and have a look at
oh and one more thing if you've got any questions please drop me an email my
email address is there but let's go and have a look at the charts and let's have
a look at some potential trade setups now what you see before you is a fairly
simple chart I've got on this chart and I'm sorry for those that have heard this
before but it's very important again we go through it we've got a 200 EMA for
the sign one is an 89 then we have our 34 then we've got the eight and of
course my little white paint bar here that's a signal for My t1 signals
and down here of course we've got what our t2s now what I want to get across in
this video is just how important and how much more profitable you can be by
following the 34 by trend trading only so on this video I'm not even going to
talk about the CT trades a counter trends because it riches away too if you
trend trade and we can see here what are we going to do we're going to follow the
34 we had an entry we had an entry we had an entry and this by the way we're
looking at the euro USD doll a 5 range so every one of these candles here is
worth fifty dollars now remember you can trade minis or micros which is a great
way to get going if you're starting off with a smaller account now remember the
trendsetter rules must kiss or almost kiss because I an almost kissed like
this one over here see how it hasn't touched one of the things if you want to
do is give yourself a little leeway is it you can give yourself and let me
quickly adjust this for you and I'm sorry this was not
ready done you can apply a channel and you can see here we actually touch the
channel if you want to give yourself a bit more leeway but notice here we come
down of a channel we go to the long side winner winner winner winner we're now
undergoing of a short so we've gone up and kiss a channel winner so traders
there are fantastic trend trades every day but what you want to do is give
yourself particularly when you're first learning the trade or if you're coming
back from a tough time of trading to make your trading very mechanical now
what else are we going to check particularly being forex trading here
we're going to check red flag news now remember news is not our friend in most
cases unless you're a breakout trader or unused trader you want to be very very
careful when you get the red flag so check your news announcements and you
can see here that we had done an almost touch here we can see here where we've
got actaully im gonna mention divergence here okay this trade file but here was your
next one so let me quickly go through the rules again sloping 34 with an
agreement of the 8 EMA the eight is gone across here so what do we got we've got
right here and let me sorry traders I'm just trying to get to one one of my
tools here is we've got the other cross here is a t20 a change your market
direction t20 long long down here short now one other warning traders is
this be very careful when you come down when you're hitting your 89 or 200 and
you can see there's a lot of support resistance in this case support
initially however if you look at this here we 8 is gone under 34 you added
T1 signal and bang away it went to the short side so that is Forex so let's
have a look and apply it on futures in this particular case I've got a couple
of other things we're going to look at it slightly differently
we're looking at a 50cc I just for an extra in this case helping you confirm
the trend is an idea I don't use the CC eye because visually I know that when
the 8 EMA crosses through the 34 what have we got it almost coincides exactly
with a zero line cross on a 50cc oh pardon me you can see it there you can
see it here look at that mathematically for some reason and I'm no mathematician
you can see when you get those crossovers you you get a zero line cross
on a 50cc I so let's this is um by the way the date today it's the the 11th of
the 11th remember and stay down here in Austria and it is of course see 10th or
the 11th of attempt is my us colleagues i call it there so this is the chart
we're looking at here is an NQ 133 tick chart now remember the setups work on
all markets and all time frames be very wary of a strategy that only works on
certain market certain time frames because we start to get involved in what
we call curve fitting that is where I'm its curve fit to suit to suit a certain
time frame if it is curve fitted it is much more likely to fail so let's have a
look at some trade setups here okay here we've got our classic got 34 bounce here
you can see here this is also for my students are perfect t10 now you had a
nother a t2 here but a little winner word warning i want to mention here that
is remember the further away price action moves from your 34 you are more
likely to have a pullback likewise when you see price action clothes back under
the 8 EMA that is a warning signal for pull back so here price has gone up it's
get the way from the eight as it did their notice how prices gapped away from
the 8 EMA as it's done here but then finally price closed under here and for
the counter trend bra boys and actually I'm not meant to be talking about counter
trend trades in this but i will mention it once when you close back under it's a
good signal to short the market and away we go now what i wanted to point out was
here when you start to get these lower highs it's another good indication so
here you can I know it's a little hard to see let me just move this down for
you okay so see here that we've now got an angle here that is I've got a lower
high it's also a t1 and a close under the eight and what have I got right here
I have a t20 bang away it goes so here's our first kiss remember your first two
trades in the trend are going to be a best 1 1 so where you want to be
squeezing your 21 ticks out of this as a minimum which is 105 dollars four of
these a day you've hit your 400 a day per contract you're away so you've got
your t20 a perfect t20 another lovely t20 now a quick reminder on the t20s
traders if you get a t20 entry and you're well away from the 34 wait for
your first pull back ok as we had it here here that wasn't too bad you could
have easily traded that one because you had a t10 and a lower high and price
action was still very close to your 34 so it was very tradable then you had
another one here let's now go back put back in scale you then had another
lovely 34b this turned into an 89b but with the trend once again and let's
have a look here another t20 crossover now on this particular one following the
34 you would have been stopped on this
trade you can see here we've gone up again bounced on the 89 come down you
had a secondary entry now if you're following the rules you'll stop would
have been two ticks under here and if on your first and second trade you are
targeting 21 ticks ok you hit it up here your your way again when it when you
have this pullback office 200 bounce which is so make it for another lesson
you can see here you come back down here you are well and truly still kept in the
trade then we had a 89 bounce here had another 89 bounce which is also a 34
bounce 34 bounce that was just touched on the channel it's alsot t2 and away you
go so trade is once again another incredibly profitable day of trading
getting back to what I mentioned before you watch and wait for the pattern ok
you're watching and waiting for the pattern likewise right now I'm short on
10 contracts on the ES on a pattern of 34 bounce ok I'm short right now by the
way you're not going to get this for an hour or two so how this trade we will
ensure all over by then so to get more details on the trend set of a 34b go to
my website fill out the pop-up box and I'll get it to you within with it
usually within a number of hours it also give you access to my trend set a video
to invest in the fast track program your investments only one hundred and ninety
seven dollars either way get the trend set of a trend setter is a kick-ass
whoops sorry of a further language ladies kick-ass program day trading and
swing trading strategies traders thank you very much look forward to seeing you
in my next recap in the next day or two