hello traders its a samurai trader here welcome to this well hopefully it's
going to be a short training video on a couple of ideas and strategies that I've
had students ask me to cover via video which we'll get done now I have been
inundated with questions and as we lead up to Christmas it's Tuesday / 22nd of
the 12th downunder so I'll try to get back to everybody and I've and their
emails and I'll try to put a few more things on video but I'm really under
wonder the pump as they say trying to get a whole lot of things done before
Christmas rolls around and I go away with the family
so here's risk disclaimer of course I'm thinking a hundred things at once here
traders understanding the risk you feel new to my videos please feel free to put
a whole on the video and read the wrist slight disclaimer also please go to full
screen we will be looking live at the chance down on the bottom right hand
corner here and you can go fullscreen now what I cover the strategies that
I talked about are covered comprehensively in the day traders
fast-track program that is I covered 12 of the world's best day trading programs
so go to my website for my free ebook to be kept up with date with weekly videos
training videos etc most importantly make the best investment you'll ever
invest in your trading career for $197 you can invest in the day traders
program this will be the last program you'll ever need to investing so let's
have a look at the chance now what we're looking at traders here is the ES 1000
volumes the ES 1000 volumes now the black lines we can see here or
what we call pivots now what I am going to do just for the sake of this video
I'm going to turn them off because I want you to be really focused on a
couple of things I want to show you here um now what I'm about to show you is using
trend lines and channels and just how predictive and how many professionals
use them after you start to draw the yourself manually you will become really
good at it and it's literally amazing you'll see price turnaround on these
time and time again now trend lines and channels become a lot more reliable
during the main market hours for an example we're looking at the after hour
at the moment this is up to 5 am. the channels and this is a 1000 as I
mentioned I'm not as reliable as once you start to get towards the main hours
so let's have a look up here what we can see at the top of the screen hopefully
you can just see this is we've got a high high and now we've got a lower high
so what I'm going to do here is I draw a trendline between the two so I got a
high and a low and I'm going to actually project that trend line to the right and
I'm also going to then do a parallel line and let me drag this down and just
put it there okay now let's need to scroll along and
see what's happened with prices now look at that there to their price remember we
could only see there has come down hit the lower channel gone up bounced up and
then gone through you see this sort of behavior happen day in day out now let's
just do this again now let me just move something here and let's have a look now
remember I can't see the risk of a screen so let's just go point to point
there and let's just extend right now remember it's not always going to be
absolutely perfect and let me do a parallel line and distract that down try
to contain price and let's see what happens here look at that there yes we
punched through but look how price come up hit there come down hit the bottom of
a channel are you starting to see the power of this so you can see here all I
could see was this bit of action so in other words this becomes support this
becomes resistance now what I don't want you to do is to
lose sight of the using your EMA's that is for my students and pro traders you
know the 34 is our main trend that direction
so be very very careful you don't get lost with too many lines here but after
a while you'll become very very good at this now time waste down the bottom you
can't really see this this is 8:47 am. Chicago time so let's just move along
here a little and we'll go up a bit longer all right now another thing I'd
like you to keep an eye on traders is this notice so we've got here at t1 but
when you get these lower highs these or a higher low they're very often 8 out of
10 times a turning point so when you see that start to get excited they're by the
way if you just don't let's what happened if we went right there let me
just do a whoops sorry I'll just do a parallel line let me just drag it back
to where a reaction I got there ok so pretty much contains it as you can see
here all right now so what I'm using here is is my t1 signals here now once
again I but can't even remember what we've got and let me just do this here
let's just do a parallel line here and let's just go up to for the sake I'm
just gonna take this point here and what happens when we do that okay we're
basically pretty much contains price nothing gets you excited about on that
one but let's just go along here a little let me extend okay so we've got a
lower low look at that as a turning point by the way fantastic turning point
this one here let's just go to the right okay so it's now extended to the right
or do a parallel line oops just do that one there drag it down to that point
there and what happens now look at that there see that there all I had was that
point to that point I extended it to the right do a parallel line and look what
happened that hit it and look at the bounces off
these lines that hit it you come down and that hit it we're punching through
slightly and finally we had the market change direction so what have I got here
so here we've got three three points and as you can see there we could have gone
on to let's extend this to the right let's do a parallel line and I'm going
to take it up to the high of this one okay because if you're using this one
and that one you're not going to see that okay but you can see what's
happened it's gone up there and what happens when I scrolled over right okay
we went up there we pretty much contained there okay and what happens
when we go to the right here okay so go to the right parallel line pull that
down and let's just go let's assume here we could only see this here at this
stage okay we can only see that and what happens when we scroll there look how
price is contained pretty much within that channel oops and this is some
action further along in the day you can see the channel so traders I just wanted
to make this a short video now in times of when you're waiting for a trade um
this can be fun to draw these in and after a period of time you become very
very good however let me explain the risk the risk is that you become and let
me just put this hold and so on remove all this line the risk is that you lose
sight of all of the other information but as you can see price contain within
the channels is incredibly valuable so remember follow the eight follow you
34b 89 and the 200 where are the ideal setups well when you see your 8 above
the 34 for above your 89 and the 89 above you
200 you've got what a trend here this is when you start to come into
congestion now remember traders when you see your 34 rollover and it's heading
towards the 89 be prepared for bounces and as you know we trade these this is
89 bounce that's an 89 bounce this is an 89 bounce
and finally you'll find you'll break through well he had another 89 and it
wasn't till over here that you actually broke through he had a nice t20 and your
first pullback so traders I hope that was helpful so drawing in parallel lines
very quickly once again you only need to really do two or three of three low
points there we then extend it to the right most charting packages will allow
you to do that do your parallel line there and then just go there
approximately scroll across and look out contains price okay why is this because
so many traders work on areas of support and resistance Thank You traders I hope
this was helpful and I'll see you on the next video if you haven't already
subscribed to my channel please do