hello traders its a samurai trade here welcome to this session I'm going to be
doing a recap on day trading the futures market what we call the black gold so
it's going to be a recap for today it's down under it's in Australia at see 11th
of year 11th 2016 and please remember as I go through these strategies very
quickly because I want to keep this video to around 6 minutes
remember the strategies I cover here work on all markets and timeframes as we
get underway please take the time to read the disclaimer if you haven't read
the disclaimer previously please pause and read it very very important of
course you don't trade with money that you can't afford to lose and even more
importantly traders of course you get the right education trade on the
simulator until you master the setups if you haven't already done so bottom right
hand corner if you're new to youtube you'll be able to go to full screen as
I'm about to look at some charts in a couple of moments but just make that a
little easier for you now I don't want to turn this into a big advertisement
but all of the setups and strategies are all covered in the day traders
fast-track program which now has over 80 hours of recordings there I provide full
email support indicators for all of a major trading platforms all for one
hundred and ninety seven dollars all up and there is no upsell
except for our soon to be launched live trading room and yes Travis we are
getting closer for that so please visit my website more importantly make sure
you subscribe to my youtube channel let me get that quite a mouthful to get that
out because I'm going to be giving recaps most days of weeks now we're
going to be looking at recaps on Forex CL
ES the NQ so please subscribe me will be kept up to date now very important
here traders I'm about to before we get into of a video we just want to quickly
discuss trade setups I'm a pattern trade virtually all of the setups and
strategies that I'll be showing you and talking to her about
are all based upon patterns we are visual animals the markets that is the
patterns in these markets repeat themselves every day the market has
memory it doesn't matter what time frame you're trading now for me this is my own
person I've got this actually on my wall in my office I'm patient I am
disciplined I'm focused I'm a sniper one shot one kill
that is I'm waiting for specific patterns to set up before I execute now
if you are new or even if you've seen a lot of my video is the reason I talk in
codes that is I'll talk about four t1 over t2 is that we have multiple
strategies and techniques and it just makes it easier now of course in the
fast-track program I cover all of these comprehensively and you learn these and
for example the EC's your entry chart the AC is your anchor chart now with all
these different setups like the t1 the t2 t3 virtually every single one of them
is a pattern you'll see in every market multiple times a day you only need to
focus on two or three strategies until you're consistently profitable and even
then maybe the best thing for you to do is actually to stay a specialist stay
focused on a limited amount of strategies it just makes it a lot easier
now if you're a day trader that is if you're scalping the market like the CEO
we're about to have a look at the 233 tick chart in a moment you have that
many opportunities for trading for scalping the market you only need a
couple of different setups and it keeps you very very busy if you want to trade
more maybe you increase the timeframe but we'll cover more in that in a moment
now if your counter trend trading of course you want to have a higher risk
reward that is at least two to one now what I'm talking about t3 and t19 the
T89 and trendline breaks they're generally counter trend not always on the
trend lines but t89 t19 t3 a counter trend trading
strategies you can be right 50% of a time and still make great money if
you've got a higher risk reward that's very very important so what I like to do
now let's go and have a look at the CL the black gold now what we're looking at
on the left hand side traders is the 233 tick chart now today's trading action we
saw at least six hundred and forty thousand contracts traded now today
being just after the election on the ES if I remember correctly if it was close
to three million contracts traded but typically on a normal day you'll see
around 1 million to one and a half on the ES and typically we see around the
500,000 contracts traded today on the black gold it's becoming very very
popular but what's really important is that you spend the time to explore this
market because it's got its own personality and it can fly at times very
important to that looking at the 233 this is a very very fast time frame if
it's moving too fast maybe you jump up to the 377 tick which will slow it down
you can go even higher maybe up to a 16 of course on the ES when you watch me
trading the ES I like to trade the 1000 volumes or the 550 tick the numbers I'm
just giving you the 3 or 233 and the 377 over 16 they're fib numbers we've got a
lot of members now that really love their fib numbers so that's one
quoting them on the right hand side I've got a 16 tick which is my anchor chart
for all new traders I highly recommend that you have your anchor chart up ok as
you become more experienced you can just use your longer-term EMA's it's fine but
please in your in the early days and actually even when you're consistently
profitable if you rely on the anchor to keep it up naturally hope that makes
sense so let's have a look there's a couple of setups want to quickly talk
about on here now the first one here and this is a high-low
I call this a a t9 and for my members you'll know that quite often this is a
t10 as well now this higher low concept that you see right here now sorry for
that pause in I was just try to move so they get away so if you can see that
you've got one right here so you've got a high low let's just move along here
you've got a lower high let's move along here for another one you've got a lower
high yes you've got your little t7 your double tops your double bottoms yes for
my members by the way members oh I know a lot of members will be watching this
I'm about to do a comprehensive 30 minute rundown on this chart today so if
you're watching this this might be up on YouTube before the members video but I'm
about to give a really comprehensive rundown so please go to my Google Drive
go to the members area and you'll see the for rundown you've got here a high
low and you can even classify well it's not really a t9 I just want to show you
here's another one okay see a high low let me scroll along here got a high low
we've got one here we've got one here now in total to keep it short and sweet
there were between I think it was 12 and 13 of these setups today for 12 winners
and one loss okay let me save it again 12 winners and one loss now for members
you can see here I'm using the t1 plot just to help identify and through our
trade technicians it's an ABC setup A B C with the trend
okay it works brilliantly so the t9 on CL I absolutely love it works a treat
now for our scalpers the t1 setup which is our white paint bar it is a very
mechanical that is it plots for you now as I mentioned the 233 chart is very
very fast moving almost impossible unless you're
putting your order well in advance to use a limit order you you're going to be
using market orders now John one of our professional CL traders he would
typically place anywhere between what's he typically do between 16 100 trades a
day where his scalping four ticks I think he's now looking at an increasing that
actually with a scoping four ticks with a 5 tick target now that's $40 Less a
commissions and he's doing 60 to 100 trades trading only from 6:00 am. to
11:30 now I won't mention his average profit but it's very 10 a thousands a
day and it works brilliantly now this is a great market for using market orders
for scalping that was a winner you easily picked up and let's just talk 5
ticks which is $50 ok this one here so if you're following a trend and of
course here you're referring to your anchor chart you're looking at your
longer-term EMA's if you're using your anchor chart what are your EMA's doing
here ok so we can see here traders we know we've got a a 200b a scalped thank
you $50 $50 $50 $50 so perhaps you can see
here the potential on scalping there's another $50 just for 5 ticks moving
along here that there you still might have just got your 50 here but of course
this is after rum some divergence but you still might have got that in or got
out there but if not there's another 50 ok there's another 50 there's another 50
now I know I'm making it very very simplistic here but this is a potential
in trading CL so traders are covered a lot of other information we've gone 2
minutes so I want to stop you right now and I've got to go and do a member's
video but once again please subscribe to my channel and I'll be covering a lot
more of these every week on all of the major markets and talking more and more
about these if you don't have information on the day traders fast track
program please go to my website get my e-book get my free training manual and
become a member Thank You traders and members remember
the more comprehensive recap I'm about to post after I record it in the moment
in the members area Thank You traders