hello traders it's samurai trader here this is a follow-up recording from a number
of videos that I've recorded the last few days and I've really got the emails
firing off and Skype calls coming left right and center etc and a ton of
questions from the general public in from students read trading without
indicators one of the greatest challenges for traders is information
overload and for most new traders and even experienced traders I've got so
much stuff on their charts that they can't really process the amount of
information so what I've done is the last few days done a number of videos on
showing you how to trade without indicators now what we're about to cover
is a couple of live trades that I took this morning this is a general public
version that is I recorded and recorded this live earlier this morning for my
students and gave them a really good rundown so some of the information I
won't be disclosing here until you become a student but I will give you a
still like great value for the time and effort you take in in watching this
video now if you're new to my videos or you haven't read one of my disclaimers
before if you could please I read that that would be great also if you'd like
to please go to full screen down the bottom right hand corner here you'll be
able to go to full screen because what we're going to be doing is looking at
some charts in a moment now just one thing I want to point out is that I
personally believe the best way to trade not using indicators is to be a trend
follower that is to trade with the trend and when I analyze the indicators I use
that is so if I'm using a MACD or some of the others it's really to help me
find tune my entries on the counter trend trades now I'll show you one
technique how to get in on a counter trend trade without using anything else
but some moving averages so what I'm about to show you with screens without
standard indicators such as the castex and Mac these and arrow eyes and
about something but I do have four moving averages on there and the reason
I those on is for trend direction and also for what I call extended moves now
the best way to learn how to trade or if trading hasn't been working for you is
to become a sniper a sniper of course and when you when you sleep into the
mentality and you understand how a sniper operates one shot one kill
we as successful day traders are rules-based traders we're waiting for a
pattern to appear well and we've got our rules that we stick by which is
absolutely critical to be truly successful now if you haven't already
done so as just before we go to the chart subscribe to my youtube channel
and I do for my students on average two to three much more in-depth training
videos every week and keep them updated and traders on a research and I day
trade every day and because of my students and emails I receive and I
probably get 10 to 20 emails a day questions about this and that I'm always
looking at drilling down how can I make this better
how can I use this and that's really really drives me people say to me why do
you trained well I love training because it's made me a trader a hundred times
better water used to be 15-20 years ago because I'm constantly saying with all
thinking how can I do this better what can I pass on to my students and
just the feedback I get from my students just to tell what it really drives me
it's my passion so if you're looking at learning how to day trade trade is $197
there is no upsell yes you can hire me as a coach for $5,000 a day because it
stops me from effectively trading I preferred just to day trade personally
because in the fast track program I give you full emails support anyway and you
get all the updates everything you need there and it's the last one hundred
ninety seven dollars over the last course you'll ever need to purchase
but anyway you can drop me an email or go to a website to invest or to purchase
the program so let's go and have a look at the charts here because I want to
show you some things here so this is the exchange time but you can see down
here severe odds sorry you just can't quite see it it's with the below so this
here is about 115 1315 right here so what we've got for my new trade is we've
got a 200 EMA 89 34 and 8 and we've got a trade setup we call down here at a T20
so T21 is the first trade after a T20 and this was also what we call the 34
bounce now what you can see here I'm really following the yellow line now as
mentioned earlier I normally trade the NQ and so I wanted to do these trades on
the ES because I've got so many traders now that trade the ES which is the most
liquid futures contract in the world so I thought well better way is to what
better way is to really fire off some trades here so what I've done here is I
and for my students you know what this is this is a T25 and it's also a 34 and
an 89 bound so it's a very very high probability trade you get in on the
close of a candle it was good for 5 ticks now you can see the 10 up there
I'd trade 10 Lots so that was out at 625 less Commission's so or sixty two
dollars 50 per contract now just on this point one of the most common questions I
have and I've done a lot of recent videos or I've done a number of videos
on this recently what's a sensible daily target and I say around $200 is really
achievable you might want to go a little higher than that to allow feel lost days
or if you were happy netting $100 a day target 200 and if you have a down day
you've got yourself you've got your butt covered okay so you stop on this
particular one would go down either one or two ticks below here so you've either
got a 4 ticks stop or a 5 ticks stop for a 5 tick gain as you can see here I would
have wrought 6 ticks in here likewise with this one here I got in I would have
run six or seven ticks in there I got out
both of those at five ticks each now four of these trades a day and very
mechanical and as you can see the only indicators I were you it was using or
simply a little trendline and we had by the way we had another one just here
that I didn't take exactly a T25 here which was good again for another five or
six ticks but I in this particular case I was waiting for the pullback now I
will confess one thing here I got in a little early I did not wait for the
candle to close naughty and trade as you hear me preach this over time I should
have been in on the close of this candle would have been the same price but this
ticked down against me three ticks but once again my stop was under here and it
was still lovely profitable trade but wait for the candle to close I recommend
anyway so one thing I do want to show is that this down here and that my little
comment here was note price action away from the EMA a notice how we've got
angulation we moving right away from the 34 so for the counter trend traders that
are looking at simplifying their charts look for this angulation away you can
see that that angle that which formation formation and notice how price is moved
off the 88 let me get this right that's sorry traders long morning
notice how the price is moved away from the EMA okay that's a really good
indication and it's a great scalping opportunity for the traders the counter
trend traders however do not do not do not please canna turn trade until you've
mastered that is your profitable trading with the trend because here is a trend
trade you've got another one here you have another one there you've got
another one there firing left right and center so the point here is that you can
successfully trade all of these that you've got here rum an 89 bounce and 89
bounce you've got a 3489 bounce there you've got a T25 another T25 you had
another T25 all trading with the trend without a
stack of indicators on your screens so the trading opportunities are left-right
and Senate now I prefer and look as some a great this by the way this is 946 in
the morning nice 34 bounce we've rolled over
remember the rule when the EMA a goes under the 34 we're looking for short
trades when we're above long trades only so we've gone under here you've cut
through on your to T20 you've had your first pullback you've now got a T25
close there and bang away it goes a pullback you've got a T34 and a T1 bang
away you go I was about to say there is I still love to have on my charts my
stochastic and my MACD my platinum because I still like to take these and I
just think it makes it a little easier however if you like the idea of keeping
your charts really simple you can really learn to trade with the trend just
remember follow the yellow follow the yellow and the blue if then in the sweet
spots now what's the sweet spot by the way when yellows above here that when
the yellow is above the 89 and the Blues above the yellow these are the sweet
spots and you'll get these fire off left right and center every single day this
is what you want to avoid notice here you've got congestion here you've got
EMA is going through and threading it's threading the needle
now here we come through we have a T20 you come through and you have your first
pullback to the 34 that's what we call a T 21 the first pullback after T 20 bang
away it goes you can trade those alone every day okay you first cut through
your 8 go through the 34 you pull back bang away you go traders I hope this was
are helpful but this is a follow up once again
in with a trading and they just do for my students I fired off two two live
trades just to show them the possibilities of trading so traders it's
a winner you can trade very successfully without indicators see you on the next
video