hello traders it's samurai trader here welcome to this training session I'm
going to be covering a strategy that I've gone over a number of times the
last couple of months however I receive probably more emails on this topic than
any other topic that I cover so I'm going to go back over this spreadsheet
now this spreadsheet which I'll pull up in a moment is in my members area on the
Google Drive so traders it is the 27th of a 4th so I've reloaded this on there
so you'll be able to go there if you remember and download this document as a
Word document and adapt it to suit your own trading style but what I'm about to
share with you if you follow this it's going to be a huge advantage in
assisting you in mastering the art of day trading and so really that's what
this session is really about so please invest the 10 to 15 minutes that may may
not even be that long in going through and modeling what I'm about to show you
as always I just need to put up the risk disclaimer please read this if you're
new to my channel also please subscribe to my channel my youtube channel if
you're new and go to my website and request my ebook and other information
and even better still invest a hundred ninety seven dollars and invest in the
day traders fast-track program now if you haven't already done so please go to
full screen as well it'll just make it easier in looking at some of the a chart
face I'm going to be putting it pulling up in a moment plus I just want to show
you a couple of trades that I took this morning just as a little bonus I want to
really throw in and show you so let's start with this slide here in this short
session I want to cover some of the most common challenges facing day in swing
traders today which is lack of discipline focus patience and self trust
I can train you in the world's best day trading strategies but without
discipline without focus without patience and self trust you may as well
go on a nice holiday and spend that way because you need all of those
to join the 5% club so how do you develop confidence confidence and self
trust and notice there I talk about confidence and I talk about confidence
all the time because you can be confident in something doesn't mean you
good at it now we do that through or we learn these skills through repetition
the mother of school learning now a very important thing here too is if you don't
measure it you can't improve it and you improve it and use him what I'm about to
show you will also help you measure measure your results on a daily basis
now my an objective main goal here is to get you to a place where you can say yes
I can do this and we are confident will you competent etc so as mentioned
earlier you need to learn the rules to become competent now it's a little bit
like learning to drive or even perhaps to swim you can read a book about it or
like learning how to play the piano you can read oh you can watch your video on
it you can read a book but of course it's not until you do it but you
actually pick up and you become competent at it so yes you need to know
the rules but you need to practice it as well the only way to master the art of
day trading is continual practice wax on wax off so let's have a look at the
chart again so I'm just going to see if this will expand okay yes so it's still
in the screen here so so trade is for those that are not members you can stop
your video and you can type this up yourself members as mentioned you can go
to the Google Drive and download this so this is a chart that you can use to
develop confidence over time so basically it's very very simple if you
want to become really good at something you want to execute something on a
regular basis so here what I'm saying if you want a master yard and be a day
trader where you're executing on the regular basis you can do easily 30
trades over a three or four-hour period I had a
new potential student asked me this morning
how many trades a day typically would I get on the NQ and actually what I'm just
bring this chart up and here it is here this is a snapshot
I sent him now for members on or and for traders I know what you're going to ask
what charters is this is the NQ 133 tick from this morning so this is the in for
my US colleagues this is the afternoon of the 26 for my Australian European
colleagues this is the morning of the 27th of a fourth so trend trades we had
entry there there there there here and here you actually had no you
didn't take that one and there's a rule why he didn't take on and you had one
there for your t89 traders you had one here here and here
and so you had a great turn that's all in 90 minutes so you had one two three
four five six seven eight nine ten trades in a very very short time period
now if you're going to if you want to even more trades drop it down to maybe a
an 89 check chart if you just want to practice not for live trading an 89 tick
during the London ad you're sorry during the New York session it just moves too
fast it's just not tradable because what I want you to do here is to practice
executing the trades flawlessly that is trade what you see not what you think
and what I mean by that have the rules laid out in front of you and let me just
pull this up now as you know I recommend out of course you print out the rules
you put them in plastic folders like these so I've got over here you take
notes you keep your stats you have your trading rules laid out in front of you
and so with that you choose one two three maximum trend following strategies
now traders members particularly members you know over t1 the t2
ignore the ks5 just just take it as a t2 t7 is your double top with the trend
your T18 to simply trend turns your t20 nOw at T20 1 2 & 3 what that means
is it's your first second and third trade after at T20 why they're going to
be your highest probability trades because remember your T20 is a change
in trend your t25s your 34B's you've seen the statistics on the 34B
running at around 85% accurate on your es 1000 on your es 233 on your CL 350
volume and on your NQ 133 the 34b kicks butt virtually every day and your 89B
yeah one thing I want to bring up here is your T89 if you must counter trend
trade now most of you see me counter trend at trade every day and I get regular
emails okay why do you always say don't counter trend trade because it's really
easy to chopped up because the trend how many times have we thought the trends is
going to end only to have a pullback than a trend continuation it happens
every day and it's really easy to get chopped up but if you must counter trend
trade make sure it's at t89 and this is for my members because I know that all
the rules for a t89 and I'll actually show you on the chart because I just got
stopped out of a trade which I want to show you because of a t89 be very
careful in trading against T89s but I'll show you this on the chart in a
moment so let's just say hey I want you to highlight the trade you're going to
take so let's just say you choose to go with t25 s because you're going to add a
lot of T25 s and save T2 every time you make a trade and cross it off so put
your date over here put a cross through it and put under it whether as a win or
a loss okay and what trade it was and target executing 30 traits but only with
a very small limit amount of setups remember you're doing
this in Sim the whole thing here is is to get you used to executing because
traders day after day I deal with trade is that have trouble pulling the trigger
I want you to start getting used to pulling a trigger and following the
rules remember trade what you see not what you think very very important do
you see the pattern okay trader it don't think about it because
some more often you think you know the mind games particularly few jaded or if
you've lost a number of accounts but the whole concept here is is to exercise 20
to 30 trades a day so your date goes over here every time you execute a trade
then you go yes celebrate you made the trade you did it you followed it
according to the rules and this is a quick summary here is you know I trade
what I see not what I think thirty rules based trades a day I trend trade only
okay for those that insist on taking some counter trends t89 zone layer video
most accurate trade counter trend trade you can ever trade for t89 okay now getting
back to daily profit targets and I mentioned this in yesterday's video is
7/5 tick trade today on the yes okay which is what I just just had a five
tick trade in the moment I'll just show you on the open of a globex okay seven
of those a day is four hundred dollars a day per contract you get wealthy from
doing that and if you look at this here doing thirty a day okay you're gonna
romp it in statistics wise if you're trading the right way so this is about
following ideally taking trend trades only and learning to trust yourself
because you're executing the trades according to your rules
so tick it off and celebrate traders congratulate yourself when you start to
do it forget about live trading so even if you're if you're a new trader with me
and you've been losing money on a live account stop trading for now let's go
back draw a line in the sand let's retrain ourselves and this is how
you do it repetition traders this is how you do it now what I want to show you is
let's go to the live charts and because up just one thing going back to this
here have your desk tidy once you can mark them off okay remember consider
yourself a pilot if you go into an aircraft and you look in the cockpit is
there a lot of junk around the place of in newspapers books sitting in the
cockpit while they're working you'll see their their flight manuals you'll see
their logs etc okay very very important you approach this with the zeal of a
crusader just as the ultimate professional does you can do this now
let's have a look at this chart here because a couple of things here I just
want to show you now this is really important traders and this is the great
news trading is nothing more than a pattern solving exercise ok is it that's
all it is and what I do every day is I'm looking
for patterns I just realized that a a type I've just stop the video and fix it
up solving or left yell out of it so anyway remember trading something more
than a pattern solving exercise so just before we finish on this one a couple of
quick tips so we can see when New York closed down
I closed for the day the market kept down on the reopen of Globex what you've
got there is a perfect t89 and pivot dance remember on recent
videos I mean talking a lot about this is when you get these pivot bounces and
particularly a t89 they're just so bankable anyway on this set trade and I
jumped in on this one and you'll also hear me talk about regularly be wearing
trading against a t89 so I was willing to roll the dice based upon the price
action here over the last half an hour to an hour before the market closed and
I wasn't willing to give it too much and that's the great thing about trading
Globex traders is it's a lot slower so you've got the chance to move your stops
etc so I went short here on this little lung t1
and you can see that there and it ticked against me and by the way that took 15
20 minutes 30 minutes and it took the against me and I wasn't willing to give
back any more than three ticks so that costs me on 10 contracts 375 so I was
down three ticks plus Commission so it's about what's that 420 or whatever it was
I was down on that one but then I jumped in here on this t20 and it was also a
t10 t20 and I was targeting five chicks on this one which is 625 List Commission
and so that delivered nicely very very slowly over about half an hour or so and
right here now you've got a basically it's like a t10 t2 plus that trade is a
t25 so you've got that there and remember also why I see it is price
tends to travel from pivot to pivot okay so you can see here it's gone down it's
bounced off a pivot down stuff a pivot gone down bounced off a pivot and so it
may very well travel good probability it'll travel up to this pivot here so
remember that but the main point I wanted to bring out is that the trade
setups that we're talking about here that is your t1 to t2 your t7 your
t18 t20 and that was a t20 over there but t25 34b 89
and your t89 what are they they're all patterns it makes your job that much
easier and how do you learned them all where you start off just with one two
three okay and of course in the in the day traders fast track program i sent it
as an email there with the recommended strategies if you start with you know
become what I call a sniper become very very good at a number of setups and
these are all 90 or 95 percent real space where's the variants of course red
flag news announcements you can't do much about that and also when you see
your mas moving side to side horizontally you've got to be more
cautious here of course you just do it a lovely trend but when you see everything
sideways that's when you can get chopped up so trade is just as a quick summary
print this out go back if you're not consistently profitable which are the
one two three trade you're going to specialize in your t1 maybe every t18
can out members you can watch the video that you've got a cheat sheet on that
but t18 is very straightforward and very logical okay there there's one right
there okay you've got one right there right just follow it build your
confidence by executing according to your rules you can do this but what you
got to do is it wax on wax off so let's wrap this video up so traders if you're
not already a member please go to my website become a member for one hundred
ninety seven dollars you gain the best of the best the world's best day and
swing trading strategies they're logical if you haven't already got my data my
ebook truth about day trading please go to my website and I look forward to
having you as a member and for all traders
I'll see you on the next video thank you