hello traders its samurai trader here welcome to this short session just about
every trading book or course will emphasize that you always want to trade
with the trend and it's great advice the two big questions that are not usually
answered or easily answered are how do you objectively identify a trend
direction and is the trend itself in the early or late stages what I'm about to
present to you is a part of a formal presentation that I recorded a few days
ago for my members of the owners of the day traders fast-track program but I
just wanted to do a quick summary for the general public and for those that I
haven't subscribe to my youtube channel just to give you a rundown and a couple
of great ideas that I promise you can dramatically improve your
profitability so this session is about trading using an anchor chart how to
identify high probability trade setups and as traders as I've got on the slide
here we're like surfers waiting for the
perfect trade the perfect trade is when the lower and higher timeframes both
confirm our trade so everything I'm about to cover is in the day traders
fast-track program but I just want to quickly get across if you haven't
already subscribed to my channel please do and visit my website to obtain more
more information about the day traders fast-track program and my ebook the
truth about day trading just before we get back to the slides I have to put the
disclaimer up required by the CFTC and the United States government if you
haven't read this or visited my channel before you'll see this up at the start
of every presentation if you haven't read it previously please take the time
to read this disclaimer let's now get into this so what I've got
here is a number of slides that I've just cut down a little you know which
was part of a one-hour presentation recording training session so I'll
quickly run through some of these and get to it very quickly and I want to
show you some charts because you'll once again this concept is really simple once
you understand it so we've all heard the same the trend is your friend using
anchor charts ensure you are trading with the trend now I call them hf HTF's
which stands for higher time frames so trading with the higher time frame
ensures you're taking trades with the highest probability of success if you're
not currently trading in the direction of the higher time frame I can guarantee
you you'll immediately improve your win-loss ratio and profitability by
doing so so using multiple time frames for day trading means it will begin with
the higher time frame to help us identify the longer-term trend direction
generally speaking you'll have two charts up I'll show you a screenshot or
two with three charts but you can really effectively do this with just two charts
so you've got your slower time frame which is your higher time frame and the
second chunk we use is much faster and we call this time frame the entry chart
or the EC entry chart because we'll be looking for an entry pattern on this
chart trading in the same direction as the long-term move preferably after a
pullback or a retracement in other words on a slower chart sorry on our trading
chart I should say the the EC we want to see a pullback and we're going to be
referring then to the higher time frame now I like my higher time frames to be
approximately three times higher than my actual trading chart now I like to trade
on the ES 1000 volumes which is very very fast so
typically if I'm going to do that if I'm going to refer to the anchor chart I'll
have a 3,000 anchor chart many traders like to use fib numbers so on the chart
examples I've actually God I'm about to show you in a moment they're actually
fibbed numbers now some traders like to use time-based charts for the higher
time frame and you might use if so if you're trading a 550 tick on the ES
and I should say yeah the higher time Frank concept works for all markets in
all time frames with your trading Forex stocks or futures so let's just say here
you're trading say a 550 tick on the ES futures contract you might run with say
up to a 15 minute a 10 to a 15 minute chart it really depends on how fast the
market is moving I personally prefer to match if I'm going to run with a tick
chart I'll have a higher time frame that is a tick chart I just think it makes it
easy to calculate and a whole lot of other things so on my high time frame
chart as you'll see in a moment I've got a set of moving averages so I've got an
8, 21,34 and 89 and the 200 so what I want to know is what are those moving
averages doing now the comment I've got down the bottom here is has a higher
time frame at at T 20 or a T20/1 whenever their trade setups that we have
in the day traders fast track program now the highest percent if percentage
trade and for those members perhaps haven't gone into the members area and
watched the latest recording which is much more extensive than what you're
watching here is the highest percentage trade on your higher time frame maybe
after at T20 / 1
so what I want to look at is that the pharma chart on the far right so we can
see here that we've got that black line that represents one so over here on the
really low timeframe one and you can see it here as well now what I want to point
out was we don't have a perfect entry because what I want to see is price
action below the 8 EMA okay so the blue line is my eight I want to see price
action closed below and we can see here this first signal we had it didn't
qualify because you can see up here it looked like it was going to go through
but we can see here it went along for another three or four candles before
finally it punched through and the point here is just to be patient just wait for
the perfect setup that's one point two over here for my members you know this
is a a t2 and it's also a t25 trait so you've got two types of setups there and
so point two there is there on slightly higher it's there and on your much
higher time frame it is on this candle here what you also have traders is
you've got a t3 t3 so you've got a t3 on all of these charts as well and because
you've got a t3 setup on all three timeframes your probability of success
increases dramatically and what I've just noticed here is that on the five
charts I want to quickly show your cover three time frames on all of them but
realistically yeah I'd recommend you just have to that that's mighty fine but
I just wanted four members I've gone into a lot more depth in the members
area on this so that's what these ones here so very quickly yeah we're looking
at the euro dollar here now this is the three range now I really like the three
range on trading Forex and then we've got the eight range and we've got the
thirteen range much much slower chart so this is entry one and you can see the
entry one that signified right here entry two over here entry 3
is there and 1, 2 & 3 are on just so some two three candles over here on the
shorter time frame but what you can see traders is on the higher time frame look
at our EMA's they're all in the same trend direction as our lower timeframes
we're now looking at the ES 377 tick a 610 tick and a 1597 all FIB numbers and
they don't have to be Fibonacci numbers but a lot of our members are great
followers of fibonacci so I've prepared this with FID numbers so we can see here
that we've got what we call a thirty four billion an T25 with a 21 B
and a T25 here and over here if we look at the black line it's a T25 so in
other words and you had another entry up here but that was up the top here so
here you can see here once again that price action on the higher time frame is
confirming the trade on the lower timeframes we've got another scenario
here where we close below the eight we also got a day t2 on the business by the
way this is the NQ 55 tick that's a 144 tick and that's a 377
or fib Numbers once again you can see here we've got a phasis for members you know
what this is is a really nice t3 and you ended up with a t3 here and also on the
55 tick now traders I generally if I'm trading the NQ I trade with a 133 tick
so during New York 55 tick in my opinions impossible to trade it's just
too fast I really like for 55 tick during the globex session many of my
members know I love trading the globex its
a lot slower on NQ particularly on the es you've still got some fantastic
volume so 55 tiCK I would not be trading during New York I'd be doing the
133 over 144 but the point here is the black line signifies the same entry
point on all three charts so they're all confirming the move at the same time
this one's a little different this is the YM so we're looking at for 55 tick the
144 and the 377 so the same as our NQ but we're coming off if we look at a
higher time frame we're coming off a great t3 and it was also at t 89 for my
members you've got a t20 set up on your 144
but notice how and if you went across you can't see this on the 55 because
we've already moved along a fair bit but you can see here on the t20 that fit it
really confirms beautifully if a higher time frame is confirming this t20 so
these black lines once again rule exactly the same time plot as the high
time frame we can see the 8 ema's has changed direction we've got fantastic
angulation you've got just so many things all pointing to take this trade
so trade is in summary using an anchor chart a higher time frame will
dramatically improve your trading profitability and it will keep you out
of a lot of losing or marginal trades now for the really experienced traders
for many of us we don't generally use an anchor chart because we're scalpers if
you're a scalper particularly you're in and out because what I will have or what
I do have on my chart every day is I've got a 200 EMA and I've got the 89 but
what that fails to show me is the pull backs on the higher time frame and quite
often it's so pullbacks on the higher time frame will you think
you're getting a turning mark direction on the lower timeframe that is where you
can be hammered so the benefits for all traders in referring regularly to the
anchor chart are enormous so traders I hope you've got some ideas out of this I
once again if you haven't subscribed to my channel for $197 also you receive my
entire program which has got over 20 hours of video online video instruction
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resources in the members area so go to my website get some more information or
if you'd like to drop me an email and once again traders if you'd like to have
a chat to me on skype on my website you'll find a skype request form so I'm
only too happy to have a chat to you I deal with probably over 80% of my
traders our experienced traders and many of them had been doing it really tough
so if trading hasn't been kind to you I'm only too happy to give you an
obligation 20 minute chat with me personally on skype thanks traders and
I'll see you on my next video