hello trader its a Samurai trade welcome to our recap of the FESX 1000 volume
1000 share bar and we're going to go through my core trading strategies we've
probably got about 5 or 6 setups that we'll look at and focus on today where I
am in the world at the moment in Queensland Australia though this
particular market opens up at 5 pm. at supreme market opens up one hour earlier
and that six the main market opens up and that's where you really start to get
some volume however there's still some great trading opportunities in the first
hour so if we look here at 5:17 pm. now by the way this is very early hours in
the USA and of course 8 am. in London so it makes a great market for our
Europeans it's perhaps a little early in the morning for most of our traders in
the US but anyway but here in Australia and Southeast Asia it's a great market
we also one thing I should just mention on this market there's great volume you
you typically see 1 to 2 million contracts trade a day so we can see here
we had a short look at our white paint bar if we notice our zero lag we're in a
definite downtrend we've crossed through the 89 EMA and we've got a beautiful
short here that was good for up to 10 12 ticks depends on with you at a trailing
stop or a fixed target when you trade this market now one of the challenges
with this trade here is that I always recommend that you put you stop 1 to 2
ticks in this particular case points above your closest swing higher swing
line if it would have made a very large stop in this particular case now that's
ok if your target is going to at least match what your stop is which is at
worst case I'd recommend you do if not you have a thick stop of maybe 5 ticks
and if it goes up 5 ticks and stops you what stops you you look for another
trade that's just the way it goes so we can see here anyway we had a great
momentum trade there was no real concerns here
a down we went down the bottom here I mucked up we had a perfect t7 setup let
me just remove that there we had a beautiful ah t7 which of course is a
double bottom now when we have these double bottoms and I don't recommend new
traders trade a t7 or a t89 which is what else we had here this is really for
the experienced traders trade with a trend the trend is your friend is you
can be replete every day near entry was not until our zero lag turn cyan which is
right here so your entry would have been on this particular candle here once
again very very nice five or six ticks depends on your target now this was also
a t89 and just for our newer traders a t89 is whereby you have your possible
trade entry outside this channel now let me just do something right here if I may
I just want to just change that just remove that so you can see that there
I'm gonna do one other thing trade is I'm just going to disable that so this
makes that the chart a little clearer now remember one of the things you want
to do traders is keep your charts as clean as possible
remember Malcolm Gladwell in his book blink really talks about it you should
be able to look at a trade and recognize it in a blink of an eye and the more
indicators the more stuff on your charts the more difficult that makes it so
anyway we're at a nice t89 both of them are very nice winners here
rolled up here we then had t1 stood of a short side notice how we extended while
well out of a channel so this actually made this a t89 our t89 is where you
have your trade entry potentially outside the channel because what it's
going to do of course is spring back in it's like a snapshot a sling shot oh
shit so it's going to come back in now your entry was not until this candle at
paint bar actually painted here why do we wait here we wait for the zero lag to
roll over turn magenta before we take the trade that's going to save you time
and time again now as you gain more experience
confidence in the trading strategy you don't mind so much because you know that
probabilities are on your on your side as you know really trading is about
probabilities that's what we really tried
so over here we had a nice 89 EMA bounce you can see you came down we're really
sort of slightly still heading down the EMA still slightly sideways but we are
in a downtrend we can see here that if we look down here we can see how
long-term stochastic is heading down we've cut through it our short terms cut
down through this this makes it a t10 or our money on the floor
so to recap that when we see our long term stochastic go oversold or
overbought and we see the short term turn up flick over that is very very
clearly a t10 with an 80% plus win-loss ratio so it's a great trade to take we
also have another conformation of magenta zero lag and in we got the close
of a candle and that was good for a good eight ticks coming over a little
further with another t1 signal now this particular t1 was it was really an 89
bounce as well you all know we love the 89 bounces you really had one here where
the 89 EMA axes excellent support resistance and it doesn't matter whether
you trade Forex stocks futures in any good market we've got good volume you'll
find that you'll bounce a lot off your 49 EMA and your 89 they're my favorite
in this particular case is the 89 because they also use it as a trend
indicator I mainly a trend trader and I trade in the direction of the trend we
can see we had a beautiful T1 here and a way when there was good for another 8
to 10 ticks now if your target is $100 a contract you've actually packing your
bags and finishing for the night just with the trend trade you've already
finished now down here we had a this is really a t2 now here after you have any
more of an around 3 trades in a trend alarm-bell should
start to ring that hey the trend may stop but how often do we stop trading in
the trend continuous so this is a tough one
the only signal here that we may be changing the trend direction here and to
be very where is it only our platinum here we can see we're getting very very
clear divergence we've had it on price and we've also had it on the Platinum so
if you went short here or here you were stopped on that one you may have been
stopped four or five ticks in that particular case our divergence traders
by the way you had a beautiful divergence here this is what we call a
t19a we can see here we've got a higher low on the platinum and a lower low on
price so this is a classic and we can see here our zero lag has rolled over
and turned up and turned sign now up here we've got a 89 you may bounce with
the paint bar now why would you not have taken that trade very very clearly we
can see that the zero lag the Zed lag here has remained a cyan has not rolled
over and two magenta which is really what we want now we're now heading up
here you had you may have possibly taken this one this particular trade however
this is starting to become counter trend because what can we see what's giving us
direction here we'll look at our long term stochastic we can see a zero lags
in a very strong trend we've also got a channel is in a very strong uptrend and
our long term stock is up so we're now looking for long trades now and there's
one other little thing here let me just reapply it where our hip was put the
alligator back on my trendline trigger line and look at that when I get these
crossovers when I get these crossovers just here this is a really good
indication I'm going to probably have a change of trim particularly when I've
had two in a row I had one right here and here I call this by the way t98 and
I'm going to do a whole separate recording on T98s because they're what
I call a kit trade they're just a great trade to
follow you're going to get two to one virtually every day of a week on these
and so it's a great win-loss ratio and a great return because what for cross of a
trigger line and the zero lag release signifies is generally a great change in
trend or a strong move so you had a failed one here and there's a reason why
you wouldn't have taken that one and that is because see how we've gone
through here so therefore you want to take your next up candle what's happened
here of course you've had it you can't really tell because of his white paint
bar but this is a damn candle so you didn't take the t98 here but you would
have taken it here so our t98 traders love these and if you look at that there
you had one there that one didn't qualify that but then you had another
beautiful one over here so you can trade t98 just on their own however it is a
changing trend or in many cases a counter trend move coming back to our
chart here whoops well let me just duck back here
here we go now we had a t1 we can see here our trigger lines in uptrend
a little bit of chop here this particular T1 you wouldn't have taken
than a reason being is that we're still magenta here
I had another t1 signal finally I turned cyan and in I go and up we go now that
was very good for another four to six ticks at least now here you also had a
t1 however one of the things I want you to be very very cautious of is trades
when you're outside unless it's a counter trend trade when you're a t89
is entering outside the trend because outside the channel I should say the
further out you are a great of a chance of a pullback here we're studying get
some divergence on the on the Platinum as we can see here so if anything if
you're going to take these you really want to scalp the market must be careful
here another 89 EMA bounce beautiful 89 bounce your entry was not until this
candle here and that was good for four to five ticks
actually four ticks he had another t7 perfect double top where we go and here
here's that formation I mentioned we've got this crossover of what I call the
blue line I only go to trigger line here and our zero lag now look at that
they're beautiful now what are lucky to notice see if it cross over there here
look at this road all the way up here a little this one down here you had
another one down here but look at these for winners just fantastic so then you
had an 89 bounce another t1 to the short side another t1 this is also a t2
trade by the way and so you've got t1's t2's all over place here here
we've got a rise in long term stochastic services caution time be very very
careful when you have these and we can see here this is also an 89 EMA bounce
which you would have entered on this candle here you'll stop is one tick
above there so even though it come up and it tested you stop you still would
have been in and you had another short to the short side here if you're if
you're playing just a double tops we also had down here here and here
borderline this one particularly is definitely a t89 trade that is where
we're well out of a channel we've got some angulation and we had a beautiful
t89 up here to go short as well notice how we're well out of a channel and your
entries out of a channel you've had the paint bar we love these these are T89
so traders as we can see here there was just so many with trend trades yes
we could talk about the divergence trades and whatever but I really want to
focus on traders mastering trading with the trend now I have so many traders on
I work with where I say you've got to kill the monster of counter trend
trading because you're going to be well unless you're really going for your
two to ones you're going to be killed quite often as a new trader on the
counter trend stay with the trend that's really important and as Aristotle once
said hundreds of years ago we are what we repeatedly do we are what we
repeatedly do so what's really important as a newer trader trade with a trend but
otherwise last night another big night for us trading the European market so
traders until next time if you're a new trader with me please subscribe to my
youtube youtube channel let me get there right to the spittle the bone out and
keep up to date with my latest trades and you'll learn over a period of time
the setups we can see once again the T1's your 89 bounces here your
t1 your t2 look at this here you've got a sling short t2 as a slingshot just
tons of trading opportunities so trade is until next time thank you and good
trading