hello traders its a samurai trade here welcome to this live recap I'm going to
be recapping some trades that I took last night and this morning and as I
sign the screen here trading is not always perfect I'm also going to be
covering some questions from members and some tips and ideas so I'm going to be
covering a fair amount of information before we get underway as per usual the
risk disclaimer if you're new to my videos if you could please read the risk
disclaimer and understand that of course there is a risk in trading we will be
going to full screen in a moment and looking at some charts are down on the
bottom right hand corner here you can expand the full screen now before we get
underway I just like to cover something very very quickly as a proud dad about
my daughter in the movie shoot we've been doing most of you are aware my
daughter's an actress here in Australia and we're shooting or my daughter is
involved in this major production here in Queensland with 40 Australian actors
and in a movie called don't tell and this is about to lead into my messy
trading because it's really related and you'll understand in a moment so my
daughter right turns 12 next month we started shooting last week so be proud
that I've been on set with her arrived she's even got her own trailer which is
pretty exciting for a young lady about to turn 12 their own makeup trailer and
whatever and this is just a couple of scenes that set out at a place called if
switching to Humber outback Queensland basically very very hot and dry on the
right hand there is my daughter there with the older lindell so my daughter
plays an 11 year old then the young lady on the right next to her is her self in
some years to come and we've got some very famous actors in this movie with
rachel Griffiths who's very famous down under and garden Grantley he actually
pays the the baddie a very baddie a real body in this particular movie there is
in the motor vehicle with my daughter her on-screen dad
great man in many movies and on the right-hand side is my daughter going
through a script in her trailer and finally just before you go to the
screens as my daughter sitting in a motor vehicles are about to drive down
the road doing some unscreened I'll in car shots as they're driving along very
exciting stuff really exciting for me being heard that of course my daughter's
I've been acting for four or five years in a number of our movies and TV
commercials and short film so exciting stuff however there is a reason I want
to talk to you just not bragging I don't want to say bragging as a proud father
but I made some mistakes in my trading very very much based around well really
not being focused so I want to talk to you about this because it's really
relevant as I stayed here on top of the chart here I was visiting and doing a
trade recap on these blunders but I thought what the heck excuse the
spelling error of atop their so this wasn't meant to be recorded I wasn't
even going to go over these trades but traders it's really easy for someone to
show you all the winning trades as much as yes it still it still ended up being
a fantastic trading day it could have been quite the opposite because I was
not focused so I thought I'll cover some student member questions in this video
also explained some of the mistakes I made and how you can learn from them
because remember traders trading is a zero-sum game for you to make money
you've got to take it from someone else and there's a lot of people a lot of
very smart traders out there so we've got to be better than them what that
also means traders is we need to be focused and so a lot of last week I was
on the movie set with my daughter I got back yesterday being on the movie set
thought okay I haven't done some trading for four or five days let's do some
trading at the same time on the telephone i'm answering dozens of emails
that I've had and not focusing and I made some real blunders
now yes it still come out okay but it could have been very very different so
up the top here if we look at the top trade I've got at the top of the screen
I entered this trade here as a t19 now this is he t19 basically is a
divergence trade now I got in early and it actually ticked against me six ticks
but I had an 8 ticks top still on my trading dome so it saved my bacon by one tick
now what I wanted to point out was though is that my entered basically on
my experience as a trader but as to be safer if you are going to trade
divergence you can see here now I've got divergence I had here a high high and
you can't say I had a lower low over here so this was a high high on price
but I did not have a lower high on my platinum MACD indicator here so my entry
would have been better here so the lesson here is yes it still work out now
by the way this is the ES 233 volume and remembering it doesn't matter whether
you trade stocks futures or Forex these setups work on all time frames and all
markets now the target I was targeting here on the first I traded 10 contracts
on the first five contracts was four ticks and on the second five contracts
was for six ticks now when we hit four ticks on the first contract i go to
break even plus one and we can see here it actually went up there ticked up took
me out at one tick in profit then it merial went on its merry way now it look
at would could shouldn't it's always a thing when you're trading multiple
contracts it's a summit I've started to do recently is taking some profits off
on half the contracts and letting the rest run on now this is on the ES on my
NQ trades I'm still just after 13 a 14 ticks on all 10 contracts I'm just trying this
on the ES on the ES for a number of reasons with another large client that
I'm working with so anyway I got out here then I had a reentry you can see up
here I had for my students members in sepia we had a t20 I waited for the pool
back and I rented and we can see here I was out on five contracts now here at a
problem getting filled on all of my contracts because it ran away up here I
entered on 20 now remember the risk parameters traders that is you never
risk any more of a two percent i go in at a five at a point five percent so i
can add to a position i did a double lot of contracts here because i also had a
pivot bounce so we can see here i went up there I've bounced on the pivot I've
entered and shorted I took some heat there are three ticks and then it went
on its merry way thank you very much so 10 contracts out there it's a plus four
ticks and the balance its 6 ticks so that was a mighty fine so we just want to
show you a mistake i made that was really quite a silly one and i know
better and i actually did this twice yesterday and it gets back to the
lessons to learn focus focus focus and i actually have a little sign on my
computer here what am I focused on right now what am I thinking about right now
what is my number one priority right now and I wasn't doing that yesterday that's
for sure because i shorted the market down here for t25 now why was this a bad
trade and I as soon as I got in it I realized what I'd done if you look at
what we've got here traders what have I God he's my 89 there's a 34 here's
mine I've got massive angulation when you get a large bubble formation or
angulation like this you 9 out of 10 times you're going to get a snap back to
the moving averages so I answered the trade realize what I'd done then tried
to get out of a trade and it actually took you can see come down touch me a
number of times I wasn't tool and I exited it plus one I thought
I was never going to get out and I thought this is going to go against me
want to come back down or third or maybe it might go through I left it there kept
touching touching finally I managed to get out then it went against me and it
would have stopped me out the point I wanted to bring up here traders is this
even though I don't have any real divergence down here on the Platinum
when you see price action moving dramatically away from either your eight
moving average look a price gapping right away from the 8 and moving right
away from the 34 and the 89 be very aware it will be ready for a snap back
to the moving averages back to the means so then we went back then we had a 89
bounce now with the 89s let me see here we also had a t20 formation your first
89 after a t20 start keeping the stats you're 34s and 89 bounces after your
t20s are very very accurate and you would have heard me talk a lot about
this on recent videos one of the targets to really increase your target is too
tired up the closest swing low or high so here you had an entry actually up
here I was in late once again not focused yes I got out here very very
nicely on half the contracts I then went to break even plus one got stopped out
there and away we went however it still worked out to be with that trade it was
about 270000 280000 and by the way this is all in a very short time period so this
is all in what's at about 45 sorry trying to look in this here that's all
in an hour okay so was close to three hundred dollars per contract now hear me
talk about it and this is the point I wanted to bring up and this is why
wasn't it record this but I thought hey there's lessons in this for you you'll
hear me talk about focus well as I say but teacher is the one that really
learns I learn so much more by training traders that's
what I love doing and I made some real blunders yesterday because I was not
focused now just before we go I want to show you something else as well and this
is from this morning so on in US time by the way this is about 1:37 in the
afternoon I jumped in here for a quick scalp this basically was off a t25 after
a t21 now let me just scroll along here drats just one sec I'll get this
back now I won't go through all the trades but what I want to point out
traders is sweet spot every day and training for patient enough well look
this is we had 34 bounce 34 bounce okay notices angulation going away notice
down here you then got some divergence who actually had divergence you could
have sculpt for quick ticks ticks off this one here higher high lower low
lower high high high in price we had a then a t20 then this is what I call and
this is a question on continually ask now about what i call the t20/1
the t21 is very simply just the first pull back after you have a t20 so
there's a t20 there and you had a t20 there so up you've gone up come down
this is your t20/1 this is your first trade after a t20 for my members
start marking example the accuracy of these is uncanny right these take every
one these are just so bankable okay so your t20 this is your first pull back
because after your t20 my personal belief is a lot of the algos algorithm
computer trading is running on these and you get a real push through on these are
t20s if you want to be safe wait for your first pull back because they're
really good now the other thing i want to mention here is is
see I had a 34b 34b 34b 34b and the thing I want to mention here is the
sweet spot is that you get these and there is your days profit two to four
hundred dollars a contract just in these moves and you will get these sweet spots
traders I don't want to keep going on because I wanted to keep this video
while I'm short but what I did want to say is ok so after all of this what is
the lesson the lesson traders is focus ok you have to focus when you trade now
all of this is covered extensively in the day traders fast-track program if
you haven't already subscribed to my channel please do for one hundred ninety
seven dollars and I've gotta save as traders there is no upsell you get all
of my weekly updates ongoing coaching there's now over 30 hours of ongoing
recordings and training cheat sheets on our key setups or for one hundred ninety
seven dollars and I forgot one thing traders I did forget one thing on the
chance i did want to show and it's this ok keep an eye on your long-term stoked
long-term stochastics is that that will give you a good idea of where the market
is going so this is just something that I just remembered a student wanted me to
cover ok watch your long term ok gives you a really good gauge of where the
market is going so traders I hope you've got some information out of this go back
and re-watch it but learn and really just when you trade trade you know lock
the doors turn your phone off always fortunate I got out and still make great
money but a lot of that comes down to a bit of experience a little bit of luck
as new traders or if you're recovering from any bad trading experiences you're
going to have four or five losing trades because the silly mistakes that you make
and it really shakes your confidence so please watch that now just on confidence
I'm now about to go and record a video from
members and non-members on developing confidence and I want to show you a
little tool I've covered before in other videos but for members i'm going to send
you all a word document of the chart i'm about to show on this next video i'm
about to shoot but you can develop rock-solid confidence and competence
which i'm going to cover in this next video so one please subscribe and make
sure you go and check them but I'm going to get I'm gonna actually go right onto
that now so we'll be up today Thank You traders