hello trade its a samurai trader here welcome to this short training session I
need to actually do this session yesterday so I thought the I better get
it done because we've seen some incredible volatility and volume for
last three or four days actually so it's Thursday the 14th in Australia
so it's e 13th of a 1st 2016 in the USA so we've seen some incredible vol volume
go through and volatility on all markets we're today for an example we saw over
500,000 contracts traded on the black gold on crude we had I think about 2.6
million contracts on the ES NQ was a good I think was 370 thousand last time
I looked so we've got some incredible volume but what that brings of course is
very very fast moving markets and with the traditional day trading settings
that I use for an example they get thrown out the window they just don't
work unless you're a true scalper and you're very very quick on the finger so
I just wanted to go through some options as I've been getting a lot of emails
from students one you know how do we handle this well hopefully this answers
some of your questions so trading fast moving markets so if you renew a trader
one thing I'd like to I recommend that you consider is maybe trading the Globex
market the after-hours market as most of you are aware I love trading the 233 ES
all the 55 tick or 89 tick NQ contracts after hours that is once the
main market closes and even today for an example it slowed right down and it's
very tradable and it's a great market for you to learn how to trade place your
orders etc the only challenge is when you trade after-hours your broker
requires you to put the full margin up a per contract so you might have to put up
I'm not sure what the full margin is right now it might be 48 hundred US
dollars or whatever unlike the day trading margins of six or eight hundred
dollars per contract you've got to put the full margin up so that is one bummer
whether it's it's a great market okay there's some great trading opportunities
there so it consider using Globex to cut your teeth now what sort of order
now usually I'll use a limit order sometimes a market order but in a really
fast movie market unless you're placing your order well uh well above where the
current market is you just get stopped in of a trade so quickly so you know you
may have to use market orders and the problem is with market orders you know
nine times out of ten well for me anyway I tend to find that I get slippage and
that can really hurt you particularly if you're trading the NQ and you've got a
fourteen tick target you you might get two or three teeth slippage sometimes
four so that can be a real concern and that's another reason why you need to
really look at the type of order but the the timeframe which we'll look at in a
moment so you may have to use market orders in fast moving markets because
limit orders can be really hard to get on particularly if you want to get in at
a certain price fairly close to say the close of a candle if you want to get in
on the close of a candle and the markets moving quickly well you could be three
or four ticks before you know it now another consideration is your risk
factor of course when you are trading fast movie marketers are about to
explore usually you'll jump up and you'll trade a higher time frame now
remember the risk rules I risk a maximum of 0.5% per trade on a normal trading
day now if I go to a higher time frame it usually means of course that you'll
stop is bigger because you're trading larger candles and we'll look at that in
a moment and if you've got two ticks for example
on the NQ or on the ES so I like to be two ticks above the closest swing high
swing low on top higher time frames your stop has to be larger which means of
course it can affect your risk factor but if you're trading only one contract
at a time on a limited account so you just need to
really consider that so the other thing is maybe you don't trade fast moving
markets maybe you just take a day off and say well look you know we've got
crazy volume today crazy market movement and we sit sit it out so it is a
consideration so what suits your trading style now on
the ES most of you seen now on the ES the current market hours I'm
using a 1000 volume chart now like in today's market where it's just going
crazy it wouldn't be unreasonable to jump up to 2000 now I know V naught
Fibonacci numbers and to feed my numbers make a major difference well I seriously
doubt it I know what some of the fib traders are going to say well look we
like to use fib number well that's fine but just whatever works for you an
experiment and once you get used to looking at the market in the volume
Easter you can tell whether you've got a fast moving market now by the way when I
say a fast moving market I'm not talking around talking about red flag news
announcements okay my major in news announcements just really all day today
the market was really moving in yesterday and Monday so just change the volume and
look at what works for you now what may be an early indication is
look what the 1000 is doing betrayed off for 2000 chart have a look at that now
on the NQ I like to trade the 133 tick and one of my students from London today
said it was just crazy it wasn't tradable and he's absolutely
right it just move that quickly now when I say it's not tradable it is if you're
using market orders once again if you're trading with the trend some of these
trends you know going for 30 minutes and so you can jump in but just remember
that the further away or closer to a target and if you're putting your
stop-loss under the swing low swing high you stop
maybe if to be an additional 2 or 3 ticks which means then you'll target if you're
scalping on a one-to-one that needs to be bigger so
once again experiment maybe a 233 still maybe that's too fast on the Eurodollar
where I love the 5 range maybe you've got a jump to a seven or eight or even a
thirteen but generally speaking are fine with the forex market unless you're
around red flags the five of the eight or even the seven is fine so I just want
to show you something on the chart at the moment before we go to the chart of
course is understand the risk of trading most of you ever seen this ristic they
know rights required to be put up by the CFTC if you're new to my videos please
have a read of that and of course I cover all of this and all of my setups in the
day traders fast track program if you don't have my ebook by the way please go
to my website and get the ebook and more information about my course but let's
have a quick look at some charts I just want to really just just explain just a
couple quick things okay so if we look at what we're looking at here is the ES
2,000 volume chart normally I'd be on the 1,000 so here we
got a we can see we've had a nice T20 down here we've got basically a 289
bounce and we would get our signal for our T1 signal once it below here so if
we just take the low of that bar for an example a low of 89 a high thereof 90
175 plus 2 ticks to so what you've end up with is at least as a minimum an eight
ticks top which is $100 now if we're trading the 1,000 the maximum stop
normally I have is a maximum of six ticks which is $75 and when I mentioned
here was only 100 I'm being generous it's probably at least really an 8 to 10
ticks top required by the thomas market moves reason I bring that up that has a
big effect on your risk percentage of your account that you're trading and
remember this market was moving that quickly for an example between there
that's 242 down to here that's 2 47 so I mean it's really moving quickly
so traders in closing this off I didn't want to make this sour and pieces so
recording is it just to remember trading fast-moving market says huge
opportunities of course I love momentum when you get that moment momentum
some trades that runs but just be cautious and if it's moving too quickly
increase your timeframe there's no hard and fast rule find something that works
for you and the last thing I wanted to mention by the way I'm working with a
team of prop traders or young guys all under I think the crawl under Rob is 67
of the guys in the team and they're all under 29 and do you know what they drink
copious amounts of during the trading hours and they work a good good six
hours on the screens heaps of red bolts now traders are as I bring it up is
there's been so many studies done on anxiety and depression in men
particularly young men and drinking high energy drinks now I know that I'm
throwing this out out so bizarre think for me to bring up but it's not really
because you've got to really be really alert and we know that anxiety
irritability nervousness restlessness tremors all of these things anxiety and
depression a lot of this now a lot of studies are coming out for men
particularly with high energy drinks so if you're putting in for a start if
you're doing less than two hours on the spring you shouldn't be exhausted but if
you need a drink grab a coffee rather than grabbing these drinks because some
we're just bringing this up with these guys because really they admit they've
basically made a very addicted to these drinks so I just wanted to throw it in
oh it's a random thing but health is really important to us as traders
mentally we want to be really focused this is so important I and the last
thing in reference to the swish pattern' video I put up thanks to some of the
great feedback I've had is that yes look at some of the videos on YouTube on the
swish pattern' you'll learn it a lot better than I can
teach you but the bottom line is if it doesn't work the first two or three days
just keep doing it okay once again if you've got a baby if it's learning
how to walk how many chances do you give them well as long as it takes right well
likewise in learning how to use the swish pattern'
for your trading just keep do it once a day it only takes you ten minutes five
minutes even to go through ten times to do the swish eventually it'll switch in
and I guarantee you if you must have a swish pattern' you'll become a much
better more focused disciplined confident and competent trader so once
again focus on I'm really practicing those swish buttons because so it's
going to make a huge difference to your trading results Thank You traders and
I'll see you on the next video