Hello trader's it's a samurai trader here welcome to this training session my
question to you is you day trade or swing trade the futures Forex or stock
markets are you achieving consistent profits as a day of swing trader if not
you are probably not following the gold the gold is not what you may think it is
but you're about to find out before we get into this we need to put up the risk
disclaimer if you haven't watched one of my videos before or you're new to my
channel please take the time in pausing the video and understanding that there
is a risk in trading also as we get into the training session just beforehand
please subscribe to my channel will you get kept up to date with all of my new
videos I now have over 200 videos on YouTube and producing new videos each
week and if you're also serious about a trading career I'm serious about your
success so please visit my website to obtain my ebook the truth about day
trading and of course for $197 you can get my indicators all of my day trading
setups over 80 hours of online instruction plus my cheat sheets plus
full email support plus plus plus but I don't to make this into a huge that add
please visit my website and get my free ebook and I actually have a new training
manual so you can also get my training manual as well so let's now get into
today's lesson I once read this somewhere that at the foundation of
mastery lies simplicity doing just a few things spectacularly well one of those
is learning to follow the gold so what exactly do I mean by following the gold
the gold the cornerstone to my trading to thousands of other traders around the
world is the 34 ema now to discount or qualify any trade at any time the very
first question you need to ask is on what side of the trending 34 ema am i on
but it is so important now of course that may differ
if you are counter trend trading trading but if you are trend trading the 34 EMA is
almost a self-fulfilling prophecy because of tens of thousands a route of
traders around the world in all markets or trade the 34
now if the some may turn around and trade the 32 and some may make it
abstract maybe 36 or a slightly different number but the concept is the
same and you'll tend to find the most popular EMA is the 34 now of course one
of the greatest ways that we can achieve success as day traders is to follow the
trend we've all heard this and I know it may be overuse that the trend is your
friend till it ends but every market has its sweet spot every day now just safe
an example light in a moment actually we're going to look at a chart of the
233 tick CL and we'll have a quick look perhaps it a couple of other markets as
well if I don't make this too long I want to make this creep long video but
this is so important to your success if you're not consistently profitable you
must follow the gold now one of the filters you can use is to ensure that
you have a 45-degree filter or that is that your 34 ema is trending now how you
can dramatically improve your results as a trader is to then combine your entry
chart so for example in my case I use a 233 CL 233 tick chart on CL combine that
with a 6/10 as my higher time frame as my anchor chart using those as a
combination that is following the over of a higher time frame that is making
sure that my entry chart is following the anchor chart will dramatically
improve your results even more so let's consider this every market I mentioned
has its sweet spot every day but our greatest challenges as traders is this
is patience and by the way traders all of my videos are all real and unedited I
don't have a script so I'll jump may jump around a bit but I promise you I
will great value but our greatest challenge
as traders of course is patience and I think it's you know probably the most
important thing is to learn to sit on our hands now most of us are aware of
this that when it comes to trading there are three key ingredients psychology and
it's estimated that 90% of our trading comes down to what I call head stuff now
Zig Ziglar shamelessly once said we all need to check up from the neck up
because we suffer from a hardening of the attitudes and it's so true traders
we need to learn patience and that is part of head stuff the next thing is
money management of course and they say that money management is about 5% and
the trading strategy is only 5% so you've got psychology 90% money
management 5% and your trading strategy now when it comes to patience this is
one of the most important things is to refrain how you look at trading we as
human beings are born hunters we want to go out there and hunt the trade now if
you're going to wait for the trending 34ema it means you need to be patient
you need to be discipline you need to be focused now in my case this is my mantra
this is a chart this is actually a picture that I've out on my trading desk
line patient I am discipline I'm focused I'm a sniper once shot one kill
I'm a rules-based pattern trader now patterns appear in the market every day
geometric patterns every market every time frame the patterns repeat and
that's something it's absolutely critical that you learn as a trader but
number one is patience is waiting for the setup
now let's now go and have a look at some charts let me just get rid of this so
what we're looking at here in front of us traders is CL 233 tick so I find that
the 233 during the New York session works really well now during the asian
asian session i'm just looking at here and recording some man doing some great
trading at the moment on the 89 ticks the 89 tick works beautifully during the asian session
leading into London I love the 144 and then I'll have the appropriate anchor
charts there as well for that time but here's what we want to be doing and the
here is equal that follow the gold you may notice here that the 34 in this
particular case is a 34 ema is my gold okay so we have a saying with without
day traders at I'm a day trader follow the gold follow the gold that's we say
all the time follow the gold most important thing and of course you just
see here we get some great setups now these sweet spots here traders you will
get every day and when you combine these these trends and this is what they are
these trends with your anchor chart that is when both are singing out of what I
call the same hymn book the chances of successful trade goes through the roof
now at iamadaytrader.com we have setup to cover 34b the 200B the 89
we've got the 535 we got the t90 in a 2d we've got a whole range of different
setups natural factors over 12 but if you were just to master the 34b on its
own when you have a third trending 34 you'll guaranteed massive success now up
there we had then an 89d we had our triangle set up so we had a nice 89 then
we've got a another 34 you had actually a combo over 21 34 there and there are
specific reasons for us entering these trades but learning how to trade these
and mastering just these trades will guarantee your success
now unfortunately one of the greatest challenges for us we want to get in we
want to master everything overnight but it takes patience you need to master
these on the simulator of course before you go to real-time trading bet anyone
digress in a little now let's go and have a look at another market so we can
see here and on CL by the way you'll get three or four of these sweet spots every
day and of course we've got three specific strategies on how to discover
or how to really locate these as we're trading how to recognize them I should
say as they set up let's go and have a look at the NQ so we're now looking at
the 144 tick on the NQ so the NQ 144 I really like to trade during or recommend
my members trade I'm not trading that market at the moment I'm focused on to
others but I recommend they trade the 144 with the 377 once again following
the rule what side of the gold am I on if I'm under the gold 34 I'm looking for
short trades we had one here we had one here another set up here we had one here
we had one here so follow the gold we scroll along and remember the other
thing traders we're looking for a trending 34 very very important when we
start to see this sort of price action when we're seeing all of our MAS come
together the alarm bells start to ring and let me say this if you're a pure
price action trader you don't need the indicators I have I'm not the lower part
of my chart here I'll use particularly my platinum here I use this for my
divergence it's very very accurate and I'll use my slow stochastic for the
money on the fall trades and my slingshots okay but if you want to be a
pure price action trader just follow the gold okay so here you've got a twenty
one you've got t you've got t18 here you got at t25 you've got different
types of setups let's go and have a look perhaps at one more market before we
wrap this up and what we're looking at here traders is the 550 tick on es okay
so this is 550 tick now here we can see where's the gold do I have a
trending 34 ema yes I do okay so I'm looking for long trades when I get the crossover
here we call this a t20 I'm looking for shorts I'm looking for Long's
once again it's a matter of sitting down and recognising or learning how to
recognize when you get these trends okay and every day every market you'll get
these sweet spots now traders you only need three or four
of these trades to come off at six picks each and you're achieving or $200 a day
per contract so traders if you want to be patient or if you develop the skill
set of being patient and disciplined every day each mark or give their sweet
spots now one thing you've probably heard me say if you watch my previous
videos is to really focus on one market they all have different personalities
well traders you you know if you stretch that out to two markets because
you're going to wait for sweet spots well I can understand that
particularly for going to wait for areas like this once again on the es you'll
probably get three or four of these sweet spots a day now when you combine
these with your anchor chart okay look at this look at my anchor now I know of
course you'd be I'm looking at the heart of it right you wouldn't be seen all the
fits are over here but when you learn to recognize the
trend on your anchor and trade in the direction of that overall trend that is
wait for your pull back where we go as long as we're trading and one of the
secrets of course in using a hard time frame is to trade in the direction of
the trend on your high timeframe which is exactly what we do so you had an
entry here you had one here you had one here you actually had one here and
you're stopped on this one but you had another one here so a specific entry
techniques so trade is all of this I cover extensively in the day traders
fast-track program you can for $197 you get all my coaching you get by the way
we also give you four live webinars it is twice a week we run live one-hour
webinar so for members that purchase our course you can then log in twice a week
and ask questions now if you're not available during those times you can we
put them in the members area and you can watch them at any time and also as I
said there is a members area we've got the mentioned dozens of videos that are
not on YouTube but if they're members only so full email support you get all
the indicators now once it got going to tell you there's really nothing special
in the indicators beware of the man that says he's got some magic potion orbit is
manufacturing antiques Gantt said this famously there's nothing new Under the
Sun now I've been studying trading for nearly 24 years natural fact for sorry I
wasn't going to show you this but just look down here sir on the left here I've
got a massive library of hundreds of books and research that I've done just
back tested dozens of trading systems and strategies and you know what some of
the best strategies I have have been around for many many years is nothing
new in them I might have fine-tuned them slightly but there's really nothing new
so traders go along to my website visit my website to get my free ebook but most
importantly traders learned to follow the goal if you're in a trending market
and above the gold look for logs if you're under the 34 and it's trending
down look for look for shorts Thank You traders and I'll see you on my next
video