hello traders its a samurai trade hear welcome to my training session how to
trade your way to financial freedom with the day traders fast-track program my
target is 400 dollars plus a day per contract so in this session I'm going to
be teaching you a technique that will help you get well on the way of
achieving your goals in trading futures Forex or stocks so how we're going to
target 400 a day per contract for t23 is a strategy that will confirm a new trend
and the first few trades in a new trend equal high profitability because we know
that in a trend of course if you're in a trend early you can ride that trend
longer and have a higher profit target and so the secret is really getting in a
trend nice and early and you can have high profit targets on your first two or
three trades as always please you need to understand the risk please feel free
to half the video and read the risk disclaimer in detail if you haven't
already done so and to be kept updated on doing 3 or I do now three of these
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and very soon we are launching a live trading room where you'll be able to
come and trade live with us as we called trades in real time
but anyway let's now move over and let's go and have a look at the charts and I
want to explain some great trading opportunities so where I am down under
in Australia at the moment it's Tuesday the 6th of a 10th 2015 it's still the
fifth Monday over in USA so the market is closed so we're going to be looking
at here the NQ 133 tick chart now these concepts I'm about to show you work on
all time frames and all markets so whether you're one of my forex traders
or a new forex trader or looking at of winning strategies works on Forex
futures or markets and stocks of course so the t23
is a way of confirming a new trend because quite often you're in a strong
trend you might get a fair amount of profit taking you'll get some decent
pull backs but then the trend continues and that can hurt it that can really
hurt you at times so what the t23 does if it's just the confirmation technique
now it also for t23 does get you into a trade perhaps later than what some other
some of our other techniques will get you in
however some traders really like to confirm a new trend and so safe way of
doing it so it comes after and you'll virtually see all of these will always
come after what we call our t20 so each one is one of the strategies we teach in
our course so what we're looking for is this traders we're looking for the
market to come off we've got both at10 right here and we've got a t20 my
students understand fully my current students what that is and so what you've
got here is a lower low and let me just remove some it off this chart for a
moment so you can see here the markets come down and let me just scroll back
and show you this so you can see he had a little low here you've got a low and
now we've got a new lower low yeah so what we want to do is confirm
the break in actual fact if we go over here you've got very nice 89 EMA bounce
and you could almost say the same thing well what if the market was changing
direction here and if we go back here we can see we've actually hit a new lower
low and what we actually saw was that we saw a bit of a pullback and bounced off
the 89 continued so what's the difference with this particular trade right here
well the black dots represent what we call a fractal which just simply
means you've got to hire candles on either side so on this one or two lower
and Bill Williams in Trading cars talks a lot about fractals so if we look at
this one here is this really with a lower low is the trend going to change
well what I'm looking for is a break of this fractal point likewise if we went
over to this point here we would be technically drawing a horizontal trend
trend line we're waiting to see this break down this low to be taken out as
it is taken out here now a couple of other things you want to look for is we
want to see our price action under the 34 for this slow to be taken out just
happens to be down here as well we are below our Platinum zero line and so
we've had a t20 is a signal we've got a new lower low as we did have over here
but price they don't take that out so let me show you what happens so that
confirmed that we had a really nice downtrend and down here you actually
ended up having a you had a t2 here you've you actually then your t23 by
the way was after your T2 T10 and it was really a combination indication just
here but if you want to be conservative you wait for the T23 and away it goes
you then had a T2 you had a t2 we then had a really nice
pivot bounce you had a t20 then notice you had a pullback and here you had a
t10 so students you know exactly what I'm talking about here but what if we
going to wait for the new swing that is higher to be taken out well here you've
got two confirmations you can rely on you can either wait for this horizontal
to close wait for this candles close but here we had a pullback it went up but
pull back again and we had another fractal point another little swing hi
Eve know it's lows and this one this one confirmed
so our entry would be on the break of this so your entry over here is on the
break of your low the entry here is on the break of the high but notice here
also you've got all of your EMA's you're above your 34 as you're under the
34 to go short here you're above the 34 to go long and it's a t10 and away we go
you ended up having a t2 profitable t2 then you had another t20 and we
had the same set up once again that is we've got a low low notice is here we're
lower all these points a little lower low how do I confirm this well it just
happened to be we had a t10 at the same time and that we had a break of it
fractal low and away it goes now the point here is you'll stop where does
that go will you stop here would go below here you'll stop on this one would
go a couple of ticks above here now notice here you come down and you
bounced on both your 200 and your 89 which is quite common eventually it then
broke down and away it goes and notice then we had our one two three and what's
the rule the rule of three is be very cautious after three trades in a trend
if we go back over here we had one two three be very very cautious your third
trade you want to be ready to pull your stops up then down here what do we have
here a beautiful pivot bounce if you want to be really conservative pivot
bounces you wait for a nice little double bottom or you wait for a double
bottom and divergence and that's exactly what happened here now notice this trade
here that bounced directly off your pivot you want to be really careful and
if you watch my videos on pivot trades you'll see here that there are a really
high risk trade here we had exactly the same setup we had at t20 we come up
down we bounced here off our 34 and for new traders all those are done and of
course this is actually one of our key setups down here there and there but if
you're waiting for the T23 and you want to be really conservative your fractal
point was here so your entry would have been up here you took a little bit of
heat your stop would have been under here and where it goes
and just as I finish this video here we had a nice 89 bounce and we also had a
200 bounce a high probability trade so traders what I've discovered is a really
important strategy for those traders that want to be really conservative or
were a little concerned that perhaps the trend hasn't finished so please go to my
website to subscribe to these weekly updates and to purchase my fast track
day traders program