Hello Trader it's Samurai Trader here I'm going to be recording a number of live
trades that I'll be taking with members of the day traders fast track program
this evening as I run a training session so we'll have various trades will be
recorded now I do need to just put the risk disclaimer up here that there is a
risk in trading of course if you haven't read this risk disclaimer please pause
the video and ensure that you read the disclaimer
so I'll record as I have trades set up and they'll all be coded so members will
know exactly what type of trades are were but I'll give you a rundown as I
record them as well so let's go directly to the charts so we're looking at here
the CL the black gold 233 tick so we're going to be looking at gold trades at
the GC and also the black gold oil which is CL 233 ticks on the gold by the way
I'm trading a 144 tick so as I have setups available I'll record them okay
so I've got a double top here let me just see if I can get filled so I have a
double top I have a limit order in here I just drag down one tick ordered fills
I am filled my target here is 5 ticks on the first and a ticks on the second so
we'll see how we go with this this is also a 2D okay so I'm short two
contracts here and first target here is
450 5 ticks on sale and a ticks on the second contract now because it is a
kind of trend trade if I see it bounce and start to turn I will exit or pull my
second contract out early see here we go I'm actually going to
bring because of the level of support we may have here I'm going to bring my
second contract up to just six ticks just because here we are below some
major support here or risk the major support so well I'll just bring that up
this is very much a textbook type trade
so short trade I've taken is bounced we've got a tuning or 34b I've got a 7 tick
stop so we're still well and truly above the little high here if I get another t1
plot I will short another contract so I have shorted a another two contracts
here based upon this side c7 sorry about the noise in the background okay so the
big thing is when you've got conservative money management rules you
can always make sure you've got some fillers lift up your sleeve therefore to
add to your position just want to quickly mention money management here as
you know I always promote that you never ever risk any more than 2% in a trade
and I trade it a foot at a point five percent risk now by trading at point
five it allows me to add up to a position up to four times that is I
might get a pullback or a trace in on a position and I will add to that
position a number of times but very important I still even if I've added
four times I'll never exceed the 2% rule so just be very very aware of that so we
can see I had a retracement on this one it turned around and to me it actually
strengthened the trade that I was in so I added another two contracts now
because this is a counter trend trade once it hits my initial target I will go
to break even on the second a lot of contracts we can see here we're
slowly grinding down there is one time when I will exit a trade early that is
before I hit my target that is based on time if I feel that the market that is a
trades taken too long and this has really been stretched out but it's a
quiet time it's only what is it here about 7 o 6 a.m. Eastern Standard Time
so the markets very slow but if I'm sating during the day during the New
York session and it slows down like this I'll exited a small profit small loss
just get out because something may have changed so we're a couple of ticks away
from my hitting our initial target once we hit the initial target here I will go
to break-even slowly grinding down
just bouncing around here we've ticked down for ticks so we're getting close
so we've now been filled on the first contract so I'm now going down to
break-even for the second two contracts
so you want the market to come down another two ticks to fill us on those so
this was a t7 2D it then formed into a triple top across here and it's took
Start in coming down so come down bounced I had seven ticks top which is well
above here plenty of room and what I'm going to do I'm going to actually go up
to one more tick this weekend because I'm got to launch the room in a moment
let other members in so were sort of running short of timing running order
filled through there we also were filled on that so so our up six sixty one with
the other trades we've taken so far today we showed it here on a nicety
three let me just try to one get this up here it's not plotting but there's my
entry there was our exits and we're also trading gold okay so um with seven
minutes into this only on a couple of trades here but they were good trades so
short is a 34b here
still early after a pit open I have got fanning of the EMAs just looking taking
out this little low here be good to take that out
so you can see here over on the anchor chart we've got the this little low here
this little bottom so we want to get past there
so we're down just got to get order a bill so I've been filled on the first
contract I'm going to go to break even now remember there's always a risk when
you go to break even on your second too early when they get down there nother
three ticks and we'll pick up then a ticks on their second now my rules are
once I take down plus seven I go to break even plus one and bring in your
stopping tool it can be it can be harmful now what a lot of traders will
do is rather than bring this stop right down by picking up five ticks on the
first trade on their first contract it lowers their risk on their second so we
can see here we're sort of hovering we need to drop down another three ticks
come on get down there
that's coming up so we maybe end up by break even on the second contract was
ordered filled i'm outbreak here i've always going to go up and just take five
on this one just because we're sort of breaking this previous low but some cash
in the bank is better than a poke in the other with a blunt stick as we say Down
Under
so I click twice on the entry so I'm short for contracts here now I've
brought them up to just five ticks now I'm probably just going to one scalp
four ticks out of this be quite happy hit four ticks out of this I'm going for
a bounce on the thirty four order filled right so it was filled so it's filled
four ticks as a t3 so this is a high-risk trades so I have shorted this
is a double top right now I've got to remember we could get a bounce around at
the 34 so I'm going to be ready to pull my stop down pretty quick smart go down
my stop is um well I'm going to leave it still at seven ticks so it's up at 44 17
come on get down there so I'm going to bring my other target up so I take them
both out at 5 ticks so we'll take them both out at 5 ticks just below the 34
there that's of course if we keep coming down ok so it's 7 ticks top has kept me
in the trade
my my or tick
order the order filled are being filled on that trade so the seven ticks kept me in
okay so I took that off being a double top at c7 so as you can see they're
keeping that wide stop so my stop was I think it was three
ticks or four ticks above the high so as it usually punch through a couple of
ticks well sweep within one tick a there in stop so very close traders very close so
I'm short off this double top I've got a tick three get a tick here I've got one
tick slippage I am going to bring my second contract back up to six ticks my
first contract I'm gone in for five now this is a high-risk trade but it is
still a nice double top so we'll just see how we go here now once again we
could dance on the pivot once I hit plus five or go to break even
I'm only have two plus six on the second
come on couple more ticks
a couple ticks c'mon dinner order order Phil okay so I'm filled on that trade so
it was plus five on the first and plus six on the second and it bounced on the
pivot there in we may get some follow-through now look at that
beautiful double top you had there on your anchor chart with great divergence
so trader as this is the end of this recording so we're sort of 40 minutes in
I'm not sure how many winning trades ahead in the road there I think it was
four or might have been five winning trades so we had a good day so this is
straight recording from a training session over a four hour period with our
members for a lot of other trades we didn't take because we were just
discussing those but what I want to do is just give you an idea of the type of
trading that we do now they were mainly scopes now every one of those trades I
took were was rules based according to the trade setups that I teach from the
day trading day traders fast track program I'm a little weary now till he
hits 120 140 a.m. my time just wrapped up the session which we started at 9:30
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you on the next video