good evening traders it's a samurai trade welcome to our recap of today's
trades as I always state my recaps of direct raw and unedited and I'll give
you the good the bad and ugly I'm going to be showing you a number of my trades
today including one or two little errors that i made now let's walk you through
those but before we get underway I think this is really appropriate I'm just
preparing a presentation I'm going to be giving to a group of traders and I just
prepare to slide and I thought I'd I open our presentation today with this
slide there's our state here you only need to master one set up to be a
consistently profitable trader once you own it add another and I think as we go
through today's presentation I don't think any you'll be more appropriate
than me putting that slide up because the one trade that I want you to learn
and master is the t1 if there is one trade they have one set up that you only
need for the rest of your life it's a t1 stop searching for the Holy Grail as
most of you are aware I've been trading for over 20 years I have a massive
library literally with my R&D team we've invested or I've invested and the
companies to work with millions of dollars in research and development and
going round around in circles coming back to the same thing that is you know
the t1 is you're buying those dips where you're selling the rallies that is where
the money is that's where the big bucks is so anyway I'll get off my high horse
and let's get on with today's some recap of course we had a very big date a huge
amount of volume because we had the FOMC announcement when we have the FOMC
announcement you've got to be very very careful of a market can be all over the
place and of course within about 30 minutes before the announcement that I
just don't trade at all and sometimes 30 minutes to 1 hour afterwards I just
stand aside remember what our business is really all about is discipline
and discipline is like a muscle the more often you practice it but stronger you
get and that's really what our business is about in you've heard me say five
percent only five percent of trading is the trading setup five percent money
management but a massive ninety percent in psychology or discipline so what we
can see here on the screen beautiful t1 bouncing off the 89 and as most of you
know the 89 bounces one of my favorite setups I believe it to be accurate up to
around 90 percent and just look at these bounces behind it's just like a kangaroo
offer goes bouncing all over the place we just keep going along so you had four
or five winning trades in a row up the top he wrote a beautiful light t11
and that down it went little double top up there sorry there's another t1 now
just as a reminder we don't enter the t1 signal until we either have our zero lag
if it's saying we want to see it to magenta or in this case turn from a
magenta saying so we didn't answer to this candle my general target is 11 ticks now
this is a little rule of thumb i have if the market by around midday 12:31
o'clock if it's only turned over four or five if the aes said is the images of
only turn over four or five hundred thousand contracts my target usually on
the Nasdaq's only 8 ticks if i say I've got good healthy turnover I generally want
to go for 11 ticks or greater which virtually every trade romped in today so
we can see here nice t 11 nice little t1 bounce here we've got a double top for a
short we've got another t11 here we can see it fall here now let's just stick
with the trend trades today now here I've got a comment large candle to stop
this actually was very very would have been a very large stop fortunately
the t1 is a momentum trade so if you did get in your sport of limited you stops
to about 14 ticks anyway so that still would have been payday for you if not you
would have got in here comment here 15 minute
to be FOMC announcement you should not be trading in my opinion then off it goes
and it goes crazy like this is are all within minutes and if we look down here
it's all over place I wait around 30 minutes odd and I'm actually this
morning I was live training training a trader and so we was in here with me as
who are taking these trades and this is a very important point I want to bring
up one of my trading rules and you'll hear me in my webinars and training
sessions and if you are already one of my private coaching clients is turn your
phone's off while you're trading concentrate and focus on trading in at
least one hour blocks next move 90 minutes before you take a break but no
interruptions that is turn the phone's off turn the radio off turn the TV off
don't be reading a newspaper you have to focus if you're trading for smaller time
frames because there's particularly on the Nasdaq 133 we've got trades on a
good day firing off left right and center every couple of minutes sometimes
and you want to be in on those because you want to get in make your money and
generally get out that's really what trading is about it's about lifestyle so
we can see here let's look at my life trades here here I had a lovely 89
bounce then I had an entry at t69 which is the break of my channel you know I
went now this is a scenario here where I was after 12 14 15 ticks now I was talking
at the time and look what happened I didn't get my fill a bounced up again I
looked at what happened and I exited the trade now I didn't lose any money and I
can still come out with one or two tix covered my brokerage in whatever you can
see there with the arrow sister automatically plots betrayed station
when you when you place your orders you can see entered their exited their their
save arrows eh shows you the candle set plots automatically and the volition
Areas stay focused I had a t1 I didn't take this particular trade I was
explaining this particular trade or two to my new trade down
once again it's very very hard I find it hard look trading is not rocket science
science and you don't have to leave the smartest tool in the shed to learn to be
an outstanding trader I need that so far myself as a good solid trader but I
still need to focus and it's very hard when you trade in live but anyway so I
didn't take that one but I jumped in on this one a t19A I won't explain what
that is it's almost a zero line crossover which is a very high
probability trade for me we got in you can see we got out now here I went for 14
ticks which is 700 gross 650 or thereabouts-- after brokerage on 10
contracts very very nice trade then what do we have we have the homegrown 89
bounce this is the staple trade that you'll be taking the t1 with the
trend once again you're 89 here you're saying is you're trend is giving your
trend direction so in you go again you should have been on that trade there
this one there this one here then we had a nice double top formation up here but
oops here's another one I jumped in on it another t69 I love t69s I won't
explain them fully right now that was great for 11 ticks so it was also a t10
which my traders will know that t10 i believe is about an eighty-five percent
accurate trade this one over here ended up being a t10 as well on the next
candle so there it was great for I got 11 ticks on 10 contracts there we had
another 89 bounce bang where we go then a beautiful double top the t7 now those
that I train and trade live with no I love t7s I jumped in on that one got out
with the 11 ticks on 10 contracts can you see main tree there and we went
thank you very much and straight after we had a little t25 set up at t25 is
where we get a pullback of two to five candles and it's a trend continuation we
can see my zero lag is in a downward trend my t line my channel I'm bouncing
now off the 89 so that was about all my
trend trader in on that particular trade the next one I had was another let me
move along here lovely t2 we can see here down the bottom my long-term
Stoke is oversold its ass less or I call it a t2 others in the industry now
it is a slingshot a fantastic trade well if it goes up here but on the next can
we actually I hate ended up having a t1 setup you can see the paint bar that
doesn't plot until we get a tick down on the next candle and you can see here my
entry 11 ticks again I could have easily got as you can see a great great
deal more now 11 ticks my target every day as you know it's two hundred dollars a
day net per contract so that's for 11 tick trades I like to trade in one or two
hour periods and because of my coaching and my corporate work I'm doing it's
very very hard to live trade so I limit it to around one to two hours a day
which I get in and most of you know I trade the European market and most of
you follow will see my trades most nights on the European market as well so
in again and away we go five trades five winner it's time to walk the dog so a
little comment I've got here anchor the winds with yes yes yes traders one of
the greatest challenges that we have as traders is staying motivated after two
or three losses and I want to quickly talk to you about this because my role
as a coach is to help make you epic is to help turn you if you're not already
into a Master trader I want to see you become world-class and what we need to
do to instill then any we need to install discipline of course give you
the right trading strategies and t1 you start with t1 and secondly is when you
get a win I want you to celebrate those wins because when you do have two or
three losing trades in a row if you've got anchored the winds well you can get
back in the state and get back on the horse quickly and efficiently which is
absolute critical so what I want you to do is
when you have a win is go yes yes yes punching year closing your fist and
celebrate that win and every time you do that I want you to celebrate yes yes yes
I want you to anchor those wins because as a coach the greatest challenge I have
these traders have two or three losing trades in a row particularly when they
when there are new trader and all of a sudden they want to go and change their
trading strategy the strategies that I teach you are outright winners you will
become wealthy if you follow the rules so what I want you to do is to start to
anchor those wins in so when you do hit a rough patch you know how to handle it
that's absolutely critical now these setups work with your trade foot forex
futures stocks it doesn't matter what you trade the t1 the T2 the t7 the t11
t69 the t89 say all work so traders this is my recap of today it was another
fantastic day yesterday for the students with me we had a huge day yesterday I
think we've had 18 or 19 winning days in a row now a big time now what if he
continued to trade well of course yes if you continue to trade look at those t1's
firing off loaf right and center all day now the only thing is in a
thinly traded market or in a slow day you've got it on there 133 you've got to
drop your target down to eight ticks instead of 11 so traders until next time
thank you very much if you're new to watching my videos please subscribe and
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you very much traders see you in the next video