hello trader its a samurai trader here just giving a quick recap of the euro
USD dollar and what's happening the market today of course it is Monday down
under here in Australia and so we're trading the asian session one of the
challenges that we have with the asian session of course is we've got much much
lower volume particularly on mondays and so london will open up and around 2-3
hours so we'll start to see a lot more volume but it is one that point out in a
slower market tick trades can give you still some very very good trade setups
so what i have on my chart here in front of me is the 89 tick chart now let's
remember the chart here looks very very busy so when we first kick you off as a
student in learning how to trade we'd have three or four less indicators but
for some of my advanced students and clients I've left all the indicators on
so if we look over here to the left and let me just scroll along here we can see
the market opened of the day we have no idea what's going to happen for market
rallied up we can see here it's almost hitting the daily pivot or the mid pivot
and that we then had a t89 now you may remember a t89 is where price action
and a possible entry is well out of our channel here because what we now know or
what we do know of course with these trades they'll generally snap back down
to the channel or even go through and head out 89 EMA so we didn't do anything
on this particular trade because we're still unsure and it didn't quite touch
the pivot so you could have got in there and had a quick scalped remembering on in
the quieter time just spreads also going to be a lot wider so you may have a two
to three pips spread on the euro dollar so just keep that in allowed so when
you're going back and doing your back testing on some of these trade setups
and you see might have got 15 16 pips just allow remember counter trend you want
at least two to one on your risk reward so you want to really for every dollar
you risk you want to go for a two dollar return and remember your higher pip
spread further along we then had a perfect t19
setup I sorry I'm jumping ahead here we've got a t1 a bounce out of the out
of a channel your entry wouldn't have been till over here remember we want to
see a zero lag turn back up so it's basically confirming the new trend and
then our target you want to front what run the pivot point is we've got here
just to make sure you get out so it's a small scalp if you want it to be day
trading this market then we add perfect divergence we had a high high a bounce
off for pivot this is what makes these t19's really tradable and very very
bankable even in quiet markets you can see here we've got lovely divergence on
the Platinum we've got a bounce off of pivot and we've got a higher high and
that confirmed by a t1 paint bar plot so you would have taken a bounce here a
little bit of heat coming up against you remember you'll stop is well above then
the market collapsed now I've also got a little comment here check the red flag
news I've quickly typed this in excuse any spelling errors here and the markets
fallen over now for our advanced traders remember when we have our trigger line
our blue line cross through or fade t19 remember this is a really good
indication in this area we're going to have a strong downtrend or change in
market direction so the market collapsed we then fell down there we had another t
89 now a t89 as a reminder is when we have strong angulation and let me just
perhaps draw this up for you strong angulation away from your 89 so see that
wedge formation you then wait here we wait for our zero lag to roll ups here
entry was actually in on this candle here and that was very very nice for a
scalp now once again where is our logical target going to be we're
probably going to bounce off the 89 now I will point out that
some of these strategies at T89 is more of an advanced strategy once you master
your with trend trades so here that's trading with the trend this is trading
with the trend so we can see here we then had a t2 t1 setup now here it's
really an 89 bounce we've gone up and we're bounce off the 89 and like why
and even the 200 but then we had a perfect t7 set up now t7 is a double top
so what we have here is a double top with the trend but what is the area that
we need to be careful of okay well we've got great divergence here on the
Platinum that's great so it's a t7 with a t19 we've got divergence but of course
we've got a pivot formation here so I know what some of annual traders are
thinking okay there's always indicators all these all this different terminology
traders this doesn't take long to pick up it's a matter of just once again
staying with the simulator mastering one trade one set up to your master it now
we have 12 13 trade setups that we use but you ease yourself into all of these
over a three-month period it's not rocket science for an example you'd
t89 it's very visual and after a period of time you develop what we call the
blink look now let's quickly flick up and have a look at a 5 range chart
because as you know in higher volume time frames or time for such as the
London open of London session and the US. session will usually jump up and
look at the 5 range now we can see here there's been very very little action in
that time frame or since the markets open today what we do have here is a
bounce of the pivot so see midline here we've had a very definite bounces there's
not a whole lot of trading opportunities here by the way what you can see here
these blue lines these are what we call a pitchfork and Anothers pitchfork it's
just little tool that will use at times now here
another secondary entry signal here is the zero line cross on the Platinum now
there's one other thing that we may look at and that once again at risk of being
confusing let's just have a look at the longer term timeframe what we call an
anchor chart now the anchor chart we go back a good five or six days to look at
what is the market been doing in that timeframe now remember you've always
checked your red flags make sure there's no major and user announcements because
when you're day trading you want to make sure you're not in any red flag
announcements but what we can see here is we've had over past four or five days
a definite downtrend to begin we had a beautiful double top a lower low of
course on our on our platinum but then look at these beautiful T1's all these
short signals that have been firing off so we've had some very strong signals to
the short side and even today of course we've seen another t1 and a t2
remember our t2 signals when we've got the long-term stochastic is over
board or oversold as we've got here at service all where the short-term Stoke
comes up and rolls over comes up and rolls over comes up and rolls over so
there's been still some other sorry about that we still been some great
trading opportunities here today traders particularly in quiet times as i
mentioned trade the 89 ticket because you'll get some some really good signals
here now just a couple other things i'd like to mention why I've got your
captive audience here your audience i should say you looking at my short video
here is let's remember the only difference between successful people and
unsuccessful people is extraordinary determination now anyone can learn how
to successfully day trade now i know some of you are rolling your nose up and
say look I've been giving a try for some period of time well most of us have been
trained in correctly remember wax on wax off you've got a master one set up one
time frame one market otherwise you will get confused let's remember that in our
business our businesses day traders and with the institutional traders I deal
with they're looking for one thing all day they'll sit there they might have a
20 million purchasing power and I'll sit there looking for one set up maybe have
three or four trades a day now they're patient remember in our business our
business is really all about our habits and that's why I talked about on a
regular basis become a sniper trader sit there and when you reframe your mind
that is so to yourself okay I'm a sniper I'm waiting for as good a perfect trade
setup as I can remember in our business we only need to be making one to two
hundred dollars a day to become very very wealthy in our business very
wealthy 200 a day you're going to be a multi-millionaire within three or four
years that's with a low risk and you hear me talk about risk regularly I
still see webinars and once again I invest in education myself and as most
of you know I have invested millions now with some of the stuff I've employed and
the things that we've done and also including the mistakes I've made and one
thing becomes of really discovered is become a sniper focus on one thing
Master your tools your indicators are tools of course your charts your tools
master your setups and master yourself and just one thing on your tools when we
talk about indicators remember they're lagging like if you want to trade a pure
to price action you want to be in before your indicators you're going to be
trading a t25 setup which kicks butt every day some traders and even myself I
love trading the t25 but i still like some of my sit ups being confirmed with
the indicators that's why i use them so please email me at trader@iamaday
trader.com for further information about my trading strategies and
one-on-one coaching let me fast track your trading career I can train you in
any timeframe any market using the trading strategies that I have don't
go on blow your trading accounts and you hear me talk about this and I'll move
this along will finish in a moment is that remember you know why not invest
three or four hundred dollars with me 1 1 hour coaching sessions only two hundred
ninety seven dollars and it goes down with the amount of hours that you
book with me and I can really fast track you and how do I fast-track you I get
you to master one or two of high the best high probability day trading trend
following strategies that I have so let's remember become a sniper become a
master become a professional that's where the money the money is