hello traders its samurai trader here welcome to this training session Wow
have I opened up a can of worms here I produced a recording last week on day
trading the futures and forex markets do I really need indicators and I've had
literally I think it was 33 or 34 emails from from the general public
Scot messages I've just been in day inundated with people with various
questions asking if I could give some more examples and so much so that um I'm
gonna do a lot more of this for my students and also in the day traders
fast track program because you've probably heard well you're all you've
all heard the word paradigm the word paradigm means a set of rules and you
know we can have a set of rules it doesn't necessarily mean we're right and
what I mean by that the way I trade doesn't necessarily mean it's it's okay
for everyone that is either certain way that I trade I like to have my MACD on
on the screen I like to have the the slow and faster stochastic on the screen for
looking for mighty t2 etc but I've been doing this for years so it suits me
but it's not really 100% necessary as I'm about to show you in fact I'm going
to show you a real clean way of trading and it's even got me thinking about my
the way i trade and can away and i improve my trading but before we get to
look at the screen and we'll look at some real case studies here
understanding the risk if you haven't already watched one of my videos please
read this disclaimer in full the big thing is you don't trade with the rent
money if you haven't already done so if you'd like to go down to the bottom
right hand corner here on your channel here you'll be able to blow the screen
up to full screen and even here you can see how on the bottom of this picture
here you can see my two indicators i use besides my channel and my moving
averages and whatever but i'm gonna go in and just show you that so on the
chart i'm about to show you i've removed those just for the sake of this
particular lesson of course I cover all of this and all of my setups
comprehensively in the day traders fast track program
I'll need to change your slide because there's actually over 20 hours of
instruction and with that traders over 70% of a traders that come to me are
already experienced and the biggest thing I noticed with either new traders
and experienced traders I'll spend one or two hours watching some videos and I
expect to pick it all up traders this is a lifetime career be prepared to invest
30,60 days into learning this career because you can learn to trade like me I
have the reflex action I have my keynote as Malcolm Gladwell talks about blink I
can see a trade set up in a blink of an eye and so can you but you need to learn
patience and it's one of the greatest frustrations I have with students and
potential students everyone wants to learn anything you know a quick fix they
want it now traders invest 30 to 60 days take notes you can have an epic trading
career anyone can learn to master day trading on any charting package as I'm
about to show you with very minimal indicators but you need to give yourself
time because what will happen after three or four days you'll have what we
called let's make it actually three or four weeks you have all these massive
aha moments aha that's how it works now I get it and when I talk to you all
about doing or implementing 100 of each trade here on the simulator so you learn
it flawlessly and that is you develop reflex action you need to do that you
can have an epic day trading career you can earn whatever income you can build
up to an enormous income you know within a matter of months but you need to put
some hard work in as far as some screen time but anyone can do this okay I just
some emails I get I get a bit frustrated from so
people when I get emails I can't do this or I can't do that or traders you can do
and you can develop the discipline you can if your life depended on it
you know step up to a new set of standards to yourself I want you to
achieve massive success with me and you can do it so let me get off sorry about
my voice here it's been a long day let me get off my high horse and let's have
a look at some charts now it doesn't matter what chart this his well I'll
tell you what it is but it wouldn't matter if it's forex if it's the YM if
it's um the TF Russell the CL or black gold
trading gold it really doesn't matter because what I'm about to show you now
it's applicable so this is ES 1000 sharebar okay or volume bar as it's nine
now all we've got on the screen here is four moving averages now can you tell me
where the market is going well if you follow the yellow which is my 34 EMA
that gives me a really good guidance on where we're going so what we can see
here is all this black light this black mark there by the way and this one here
they're my T20s now by the way for those that are interested on the ES 1000
we had done approximately 29 for the full trading session on the ES for today
and by the way it's the first of December 2015 down under there were 29 t
20s 9 losses for 20 wins of four points or better now they're fantastic stats
taking those mechanically what we can see here is a typical t1 34 bounce T1
you've got a lower high here of course and a t20 but getting back to the point
I wanted to bring up all the information to trade is right here so let's just
have a look here so let's go to the main trading session because this is the
Globex market or session here and for the 1000 for those that are into
said I like to drop down during the day I'll drop down to the 233 on the ES so
during when New York opens or maybe even a few minutes before New York opens I'll
jump up to 1000 but what works really well for me during the Globex hours at
sea after hours once a May market closes so for my friends in the US in LA for
example 1:30 onwards you're going to jump down to the 233 Tick sorry 233 volume
not tick so and you'll get tons of trades during the day today's been a
fantastic day on it so if we think you need is here so what you've got here is
you over here you finally get well you've even really got a here you've got
finally got a t25 here great trade we come up here you've got a 34 bounce
34 bounce now where you will miss not having saying MACD on the chart or the
stochastics is particularly for your divergence trades so because you can see
here when you're trading divergence you usually have a MACD so you'll get a
lower high example on your platinum on your on your MACD and a higher high on price
but once you get used to it visually look out clean that chart is all I've
got is my 200 my 89 my 34 and my eight so we travel down we get a close above
the eight we go along and we've got a bounce off the door for 34 and the 89
bounce off for 34 close above the eight now all these are good four to eight
tick trades you've got a t20 bounce off for 34 now you come down you can see
here now talking with trend trades here right now right bouncing on the 200
finally we break through what have you got here you've got a T25 you got
another t25 you've got a t25 right here now
all of these you can see why you don't need the counter trend trade here you go
let's see he's finally got a t25 and he got stopped on that one
okay you did get stopped on that you got an 89 bounce if that was a 34 bounce
traveling right along you got an 89 bounce you got here at T20 look this
is tons of trades but the point is here traders moving averages or price action
can give you all the information that you need follow the yellow that's all
you really need to do all of this is explained comprehensively in the day
traders fast-track program and I'm actually going to do for my students a
lot more recordings on this over the next three or four days because if you
look at this here if you're a newer trader everything you need is here
you're looking for your bounces you're going to follow the trend and
particularly your first trades after a t25 it's a t25 signals a new trend
direction and you take the first trade out bein away it goes so traders this is
trading without indicators that is the only indicators you need there are your
moving averages yes if you want to trade counter trend having a having your
stochastics on there or particularly your um your MACD really helps now T2s
for the students with the t2s if you look at your t1's there in your t25
they're basically replacing or taking over t2's anyways so you don't need to
have the stochastics on there unless like me i've been doing it for years I'd
like to have them there but if you're a new trader something for us to think
about maybe you just learn to trade pure price action because what you just saw
on that screen was pure price action so when you become a student I cover all of
this as you have questions I cover this for you or for one only charge of 197
there is no upsell by the way yes you can join my trading room or yes you can
come along and get one-to-one coaching with me on skype no matter where you are
in the world or face-to-face and that's $5,000 but you'd need that it's
all in the 197 pack anyway and I still give you an answer all of your emails so
I still give you full support so trailers become a member per in invest
197 dollars in your career thank you traders keep those emails
coming thank you