hello traders its a samurai traders here welcome to one of my recaps on trades of
the day as stated always my recap caps a direct
raw and unedited with you trade Forex futures or stocks the setups work on all
time frames all we're looking for is for some volatility some market movement
what I want to focus on today is on the ES 144 tick the after-hours market which
is fantastic for those in the US and Canadian markets and also that those day
traders down under in Australia during the day now what we can see here of a
cyan line as always is my 89 EMA that is what gives me the trend direction for
little paint bar here signals T1 now that paint bar does not appear until the
third candle ticks below the second candle so quite often I'll put an order
in to sell or buy at the price of the second candle at the low of a second
candle of a high depends where the setup is and what time of day it is etc so
we'll just have a look down here we can see the black line at the lower part of
my lower window here is a long-term stochastic that also gives me an overall
idea of where the market is heading so what we had here yesterday on the ES 144
we had a T1 which was a lovely signal about 35 minutes 40 minutes after the
market reopened here I had another t2 now a t2 is where you have a stochastic
oversold the long-term oversold or about to be oversold the short term comes up
and forms this slingshot type of formation this is a very high
probability trade so we can see here we picked up our six ticks and on the 144
during the day as a reminder I'm seeking six ticks which is $75
let's say around $5 in broke receive it around $70 so you've got another one
here yeah I mark this up because we've got a classic t10 which is also known as
a money on the floor trade now we can see here looking down here and I'm actual
what I might just quickly try to do is just give you a larger pointer here we
can see here that for long term stochastic is moving up but short term
is kicked up and away we go now coinciding with this also have what I
call a t69 I've got a change in trend direction now this is against a very
strong downtrend now else hypotony a stop should have been tucked a couple of
ticks below here you would have been saved here if you'd have saved stayed in
this trade but then we also had a t1 form against a very strong up training
long-term stochastic now there's another problem with this particular setup here
is this I like to have us have a stop of between I like to have a stop of on
average if no more sorry about that by the way over no more than eight ticks now
here if we look at the size of this candle and this one here we would have
had a good stop probably haven't worked out exactly around 10 12 ticks stand
aside where you get very large candles I recommend you stand aside from the trade
unless you still have a fixed dot and you roll with the dice and hope it
doesn't go up and test your little swing high so if you'd have taken that short
you would have been stopped out here we had another case of a 89 bounce now we
can see what's happened here as well if you go to put your stop up here this is
way too big this would have been a good 3 ticks stop however a fixed stop you would
have been fine now remember your 89 tick bouncing sorry your 89 bounces that is
where you get a bounce of the t1 off the 89 is a very high
ability trade if you had your fixed stop you would have been just above here you
would have been fine down here we then actually let me just point out a trade
here that I hadn't marked in we have another t10 now a t10 is a reminder is
where you have the long-term stochastic sloping down and the short term kicks up
and kicks back down again and you can see that happening right here now if
your target was six ticks you still would have been in that trade here but
because of the size of a candles if you had us to the side as you should have
done there here I may or may not of because I wasn't trading this market
yesterday just because it's an 89 bounce so most people that know me know that I
love these yes you had a nice little t10 that delivered six ticks then you had a
t2 now let me just scroll on the over t2 is a slingshot if you google a slingshot
it's a classic trade it's been around for many years many professional traders
trade it and you also had a t1 setup as well so you can see here your short term
this flicked up and rolled over along with your long terms oversold and down
it went now here you'll stoped would have been above here you wouldn't have been
filled or picked up your 6 ticks until you were down here somewhere
if you hadn't missed that trade here you had another perfect t1 setup as well
here you can see here your long-term stoke is oversold you waiting for it to
flip back over and away you go now we have a now a total change of
trend here now what about this one you may say well what about this formation
I had a t1 but remember you're always waiting for your zero lag which is your
cyan line here you're always waiting for the cyan if you're going to short to
turn to magenta likewise here you wouldn't have been until here very very
important you always always always wait for your zero lag to confirm the trade
direction so here t2 thank you very much here
you're in here thank you thank you and so you can see here we had off as a
trend all right so you had winner you stood have been in that trade there
by the way here winner here you stood have been in there
winner winner so you can see by trading with the trend the trend is your friend
till it ends and you know it's it's just a fantastic set up your t2's and T1
set ups now what I wanted to show very quickly was those that a forex traders
t1 and the t2's work just as well you can see here the formation of the t1
here see your paint bars here here you would have been stopped on that one
here here here now what I like to recommend traders is that wherever
possible the bit of the trade is when your trade entry is in the channel okay
so you can see my channel just here the black line here the black two lines
that's my twenty one channel right so here we had let me just scroll on a
little further back here okay so we had an 89 bounce here that fail then we
had another one but there was a winner nice 89 bounce t1 t1 t1 now the
advantages of these t1's when you have a channel entry is you're getting a good
two to one see a risk/reward is very very good so you only need to be if you
allow after brokerage and commissions you only need to be right realistically
fifty-five percent of a time but you're making fifty percent of a time really
good money on these traits let's go back here back to this now some of you want
to quickly flick up before we move on is this it's a statement they're saying
it's been around for years he sweats more in training bleeds less in war now
what that really means is this that those traders that back test that spend
time on the simulator spin and again a lot of screen
time of the trade is he going to do much better in the medium short and sorry let
me get right short medium and long term what is also absolutely critical as you
hear me say day in day out because I'm dealing with new traders every day is
this when you were training on the simulator you have to pretend it is real
money you cannot use the simulator and say well it's just a simulator she'll be
right mate you know that is it's it's only that because some you know it's
just pretend money what happens is you will hardwired in bad habits now here's
another thing I'd like to cover and so this is part of a PowerPoint of a large
presentation I'm doing in a couple of days but here's what I stayed here let's
get real let's address the elephant in the room why do more than 92 percent of
traders fail well there's one big reason and it's called confused knowledge this
is applicable to both new traders and experienced traders there is so much
information on the chart now I know what the price trade is going to say well all
I might have on my chart is a 20 EMA for trend direction whatever yes that is
correct but if it's refuel if you are a price trader or you're an experienced
trader or even a new trader but trading one set up fantastic stick to that
because that's not be meeting your expectations let's go back to the
drawing board master 1 set up most of you have heard
about the power of blink there's a great book out called blink and Malcolm in his
book talks about that you should be able to look at something and recognize it with
a blink of the eye now what I want you to do is focus focus focus
I have following setups the super scope of a sling shot for two to five candle
pull backs and the 89 EMA bounce most of my clients know I have between
12 and 13 setups in total however as a new trader if you're following my
videos I just want you to focus on really the t1 and t2 they quite often
form the one set up but become a specialist become a master at one setup
and just before I sign off if you go and join a career in archery school in many
cases some of the best schools over in Korea they have you actually practice
shooting a bow for three months before you actually fire a live round let me
repeat that three months by having practice using the bow before actually
lets you fire an arrow remember wax on wax off wax on wax off
so traders that's ended my message today once again stay with the trend t1's
and T2's and you're guaranteed success