Hello traders its a samurai trade hear just giving a quick recap on a live trade
that I have underway at the moment it's around little after 7pm here in
Australia at the moment very early of course in the USA and this is really a
great pivot bounce to be showing you as an example now most of you know that I
highly recommend that as foot particularly for new traders that you
wait for the zero lag to actually turn and roll over into magenta i generally or
nests don't necessarily always wait for that to happen because one thing i know
that i have on my side is something called probabilities and as you gain
more confidence you won't rely on the zero lag but for a new a trader i
highly recommend you wait for the zero lag it'll just keep you out of a couple
more losing trades and of course for newer traders it tends to shake your
confidence a little particularly in your early days or if you've had a bad trot
or maybe trading hasn't been working out for you you really you have one or two
losing trades and it really shakes your confidence i was just talking to a new
trader today and as i was pointing out and going through the screen shots with
him very rarely do i have and let me touch wood here touch wood very rarely
do i have to losing trades in a row now over a period of time of course it gives
you a huge amount of confidence now the reason this is a great pivot trade is if
we look at the start of a day here after the US market closed over to the far
right let me actually just go here and just bring up the large pointer here so
we can see here down under in australia here the market opens about 9am a austrailian
time we've had a couple of trading opportunities very nice pivot bounce off
here as well which carried right through yet another nice pivot bounce hear you
had a t10 so you had a pivot bounce t10 a nice pivot bounce as well as a t2 just
here so t 10 t2 here you've got here of course a nice
classic t1 and t2 now hear your entry I would have recommended for a new a
trader you wait until you have a sign in here until it turns your zero lag so
your entry would have been here for the more experienced traders right here just
getting back to the confidence oh and of course down here are lovely pivot bounce
here as well so and of course we've got this pivot bounce here so so far today
if you have taken all of these trades you are you will be up around four
hundred dollars per contract with no more than a two percent risk now in this
particular case on this trade I mean now got a very a nice tight stop just above
the pivot here we can see so I've gotta stop of around 10 ticks and I'm
targeting in this particular case 16 ticks I believe it may even drop even
further however as I mentioned it's are now seven past 8pm and I have a family I
want to go back downstairs as most of you that follow me on youtube and for my
students know that I'm up at 3:30 am each morning so I just saw this train I
thought I'd jump in because your pivot bounces when you've got these conditions
are a very high probability trade once again just to go through why nice pivot
bounce off the pivot lovely divergence here on MACD which also a t89 that
is my entry is outside the channel I don't know whether I mentioned this as
well but my only criticism would give her myself here was I entered before
candle hood close or a sword setting up and I jumped in fairly quickly traders
just think very very carefully before you enter a trade I should await if that
candle to actually close so I want to see the candles close clearly in the
direction of my trend but just look at these once again as a pivot bounce we
were almost filled here pivot bounce here pivot bounce pivot bounce pivot bounce
so it's a very very high quality trade here of course you got getting back to
this a nice t1 and t2 t2 or a slingshot and a t10 so I'll just put this on hold
for a moment traders and because this might take five minutes a good take five
seconds it might take another five minutes and I'll just come back when
this is delivered as I always saying traders it's another three or four
minutes has passed and we're still just ticking around this may very well go
back up and test the high again before it falls away we've got some great
movement there of course on our platinum and a critical factor and this is
particularly for newer traders is as you hear me preach on a on a daily basis
that this is a counter trend trade that we're ensuring to right now is for all
brand new traders I highly recommend you trade with a trend you trend trade only
with one set up but t1 over t2 until you master that particular setup once you've
mastered that setup you then move on to your next trend trading strategy and as
you your account grows as your confidence grows you then start to trade
different strategies now in total I have 13 or 14 different setups and strategies
that I use from t7's which is a double top to the pivot bounces t2's
which is a slingshot that's t10's now over a period of time of
course you learn what these are at but initially become a specialist that is I
call myself a sniper trade it is i'm waiting for the ideal setup now we're
ticking down come on just it's the weight if s to deliver but getting back
to it become a sniper that's the best way to learn how to trade master one
trading set up and do not start with your trading by can deter and trading
and the reason being is counter trend trading can be higher risk it also it in
my opinion there are more rules to follow when you counter trend Trading's
then say trading with the trend and the trend of course
is a lot safer now here we're just filling the contracts now now I'm going
to bring my stop down the break even plus one now let's just go breakeven so
got a few contracts haven't been filled so I've got somewhere I contracts have
been filled at this level I've got four to go so come on check back down and
fill that and I'll go back down and spend time with my family now this is
what trading is all about it's about having quality time quality family time
and that's what I have is a trader my wife might disagree with that because I
get up so early in the morning but I love trading of course the US session
is where we get great volume so if we look to the far left here of the screen
this is the entire day's action And we see here okay so it's
delivered I've limited out all 10 contracts $80 a contract less brokerage
of course so just under or slightly under under what's at 76
dollars per contract net but to give you an idea on the nasty today there's been
only 17, 18 thousand contracts have traded between the open
this morning and today so you can see we've had very low volume about ten
percent of the volume that we experience in the US session I love nasdaq I
think it's a great market even in the slowest train session most days you get
these sorts of moves and it's great and of course if you got the YM now give
you an example by the way traders on the YM today we've traded close to eighteen
thousand contracts around the same amount where when you're trading the YM
the Dow during the US session a lot less trade compared to harbor Nasdaq so
that is just a quick recap I wanted to record this because i saw the trade
quick opportunity trade but that kicks my morning off so i'll be off to
get some sleep in a couple of hours time and upright newly for another big
trading day and just on that I don't think there were any actually no that's
not true it sure there are some red flags tonight we've got some major
announcements coming out of the US on I remember remember correctly we've got
retail sales and a couple of other things in a few hours time so they're
things that you want to check and immediately you put your screen on get
ready to start trading traders and look at this bounce when exiting the channel
and if we look at the channel oh god here notice how we come down and bounce
out of a channel you'll see this happen likewise a next bounce point will be
once this falls down very good chance it will come back down and it will test Oh
89 EMA down here at a have more time I actually would have stayed in this trade
for another five or six maybe eight ticks more because in its logical place for
this in my opinion and once again my opinion doesn't mean a whole lot when it
comes to the market but maybe the 89 may come down and bounce off the 89 so
I'm starting to rave a little bit now saw side of traders and hopefully this
was educational talk soon