hello traders its a samurai trade here to give a recap of today's NQ133 tick bar
market we had some not bad volume but I was running a coaching session starting
at 4:00am so where I am down here in Australia it's very early morning of
course in trading the US market so I can't wait to move back to the states
where the hours will be a bit more realistic but one advantage of course
have been down under is trading Forex of a London open at 6:00 pm so if you like
to trade of an evening it makes it an ideal time so I took a couple of live
trades which are about to see and then was training the rest of a time which
you'll see on the chart in a moment so let's have a quick look before i started
trading live and just have a look at some of the setups we can see here at
1:44 am. my time which we had a convergence here of the 200 EMA and the
89 and we had a double top signaled by the to t1 signal so this is a signal to go
short this one here delivered a good 11 to 20 ticks whichever whatever your
target may have been in between so this is a very very nice trade now remember
the most reliable trade that you can actually trade is trading with the trend
and that is where we use the 89 and a 200 for trend Direction counter trend trading
higher risk once you understand the patterns and understand fully what
you're looking for then perhaps as a highly experienced trader start taking
counter trend trade otherwise do not counter trend trade stay with the trend that's
the safest in the best form of trading so this particular trade here even
though our we've got our 89 in our 200 going sideways so signaling some
sideways action what we do have is this we've got a higher low so you can see
here we've had down here yeah at t19 setup signal by the t1 and then with
another t1 here signaling a you can see where the markets risen pull
back and we've got another entry signal now the ABC signal is of course you
would not enter until over on this candle here but in my opinion it's just
too late now what I do recommend is that you do wait if you Zed zero lag and you
zero lag EMA and you can see here is magenta and then it turns to sign so you
actually would not have been in this trade until this candle here but that
well and truly delivered 11 ticks plus now traders as you know my minimum target is
11 to 13 ticks i'm after so that's as a minimum and the reason being is I like
to have my stop two tick below the closest swing low or swing high if my
stop is larger I will look at it and take well I've got to make sure then
that my target at least equals in my stop so we've that was a winner if you
had have taken that trade I was not on this one by the way we had another nice
winner there another t1 now this also by the way was a t10 now the t10 is
signaled by rising short-term sorry long-term stochastic as you can probably
tell traders on a little tied right now and we've had a pullback I've our short
term with the curl up our t10 is a very high probability trade here this is a t2
you can see here our long-term stochastic has been oversold we pull
right back it forms a slingshot and up it goes now your entry once again was
not until this candle here if you were following rules and waiting now this is
an option by the way but you'll just find the newer traders it'll just keep
you out of a couple of extra losing trades and just don't give you a little
more comfort when you're learning to trade we had another t1 here and we had
another sorry t2 i should say with a t1 signal as well reason mark this one up in
going for 11 to 13 ticks here you wouldn't have achieved by this second signal here
so you would have achieved it up here so that's why i still marked it up once
again following the trend let me just move along
then we had another t2 and you would have been filled hit your profit target
up here now what you have to watch is we can see here our pivot is will bounce
time and time again off pivot so if i entered trade i like to have plenty of
room between the trade entry and the pivot itself now you can see here we
punch through it still would have delivered but just an area you'd really
need to have caution on now I decided to then short the market and those traders
that follow me closely know that i love the pivot bounces signaled or confirmed
by a turning zero lag and we can see here my zero leg had actually turned up
here you can see where it's turned magenta my entry you can see my entry of
10 contracts so i shorted it market now that's the other thing i just want to
mention the NQ can move very very quickly in some strategies that we have
you can put in a limit order when you're not going to get slippage but generally
when you when you place a market order particularly with 10 contracts on the NQ
you will get at least one tick slippage you need to allow for that now because
this is the counter trend trade here at t19 be we call it it's also a pivot
bounce so they've got a good probability of delivering i went for 13 ticks on
this particular trade and on 10 contracts at 650 gross take away around
fifty dollars some in brokerage now if then the market gave me a bit of heat as
you can see here come up and tested the top once again my stop is a minimum of
two ticks above my swing high so up here so it didn't stop me up so i had a bit
of heat but then I had a secondary entry which I took for t10 we can see
here our long-term stochastic is falling how short term to come up rolled over
form a beautiful t10 i shorted a further 10 contracts so i was filled here for 13
ticks then finally my 10 then what did I get I had an 89 bounce and
usually my targets are the 89 over 200 just just remember you need to allow the
market to bounce off these because you're 89 and a 200 excess very very
strong support resistance natural fact we can see then the market come down and
we had a 200 bounce so by this time I'd logged on and I was starting to train my
student and hear a comments that I had on this one big candles no trade and
that's one thing remembering when you have very large candles and that moved
by the way that was a very very quick move at those two counters formed within
a matter of seconds is it quite often you'll get a pullback which is what we
had wasn't a big pull back so you still would have been okay if his stock was
down here but I wouldn't have taken that myself personally because too many of
these big moves will then have a big reversal so it can be just really
dangerous area to trade so this is a 200 bounce now 200 EMA bounces are a very
high probability trade generally speaking as long as you don't get these
very very quick moves or the very large candles where I like to sit out now
remember there's always another bus around the corner if you miss out on the
trade particularly when you're day trading on a 133 tick chart there's
plenty of trade so patience is a virtue remember traders where snipers we're
sitting back waiting for a very very good shot almost a perfect shot up here
we then had a t10 formation basically it's also a t25 but as I advise my
student I wouldn't take that why we're right there against the the pivot so we
had strong resistance there then pulled back and then we had a t2 where I would
have taken the t2 if I was a student which he's actually learning so he
actually didn't execute in real time but this is a t2 now this delivered I think
if I remember this just delivered 11 ticks which is what the target is so too
perfect t2 once again our long-term stochastic is overboard we have a nice
pull down the only negative here was with straight off
Triple Top and the Triple Top is one two three but we did have a t1 and one
and one other thing we had what do we have an 89 EMA bounce then we come up
for a perfect textbook t89 t89 is of course where our entry where our
potential entry is outside the channel we had a higher high we had nice
divergence it wasn't it could have been a little better perhaps a lower lower
high on our platinum for a short now also perhaps I should just take these
off I don't want to confuse today today's session with the trend lines but
we're talking about the trend lines and he can use those as well and fractal to
trend lines and let's say another session from another time so that was a
nice short then we had another perfect t10 setup now the t10 is will be
long-term stochastic of course is coming down we come up we roll over and that's
a textbook t10 so then we come down and what have we got we've got a 200 EMA
bounce let me just move this along now here you've got to be of course very
very careful of his bounces the thing to be cautious of here I've come off at T10
now at T10 is a signal of change your potential changing market direction
so it's a time to be really cautious here so we've come down and so this is a
potential change your market direction we've come down and you've then got
right here you actually had a short signal so we can see everything's
rolling over but I've got the written down here that to 200 bounce then I
wrote down typed in danger zone resource a danger zone is the amount of times you
hover around a 200 and this is over about a 20-minute time period remember
time is not your friend you want moments and when you're trading and you can see
here there's real indecision at this strong support area and so if you'd have
taken this trade is short and at the time when i wrote put the scene
we said look this is a real danger zone don't take it look what happened the
marker reversed you are almost had a double bottom you had a t10 form
and that one to live it now down here as the market rules you then had a potential
t1 to the long side now here you can see here we had a pin bar or reversal candle
your entry wouldn't have been here then what else we got there's a major problem
here it's a t10 but we're at the pivot and because we could see earlier in the
chart a lot of resistance at that pivot it's an area to be really cautious of
but once you find a pivot gets tested three four five times generally speaking
you'll go through it so down here we had a 200 bounce again so we've gone up you
had a little divergence trade here you then had 200 bounce but once again
you're really close to the pivot and remembering you don't get your paint bar
until you tick up above the second candle so sometimes these candles can
move really quickly and if you look at them I compared to others it's a fairly
you'd need have a really large stop while here once again you're going to
keep it stopped to 11 to 13 ticks anyway so here we had a reversal we've got this
is a nice divergence strayed you've got a high high in price a lower low I'll
sorry a lower high on the Platinum so this is really pretty much textbook it's
identical to the or very very similar to the t89 I talked earlier which is a
winner and if you have taken this one it's a bounce off the pivot that's what
makes is so good where you get divergence trades against pivots or
resistance or support there are much higher probability trade than a standard
divergence trade so let me say that again will you have a divergence trade
against or with pivot support you generally are there a much higher
probability trade so moving along here we had another 200 bounce formation here
where your entry remembering if you're following my rules for the
newer traders your weight if you zero lag to kick up here right here but I
didn't recommend any trading in this area but here ever tried here we had a t10
form at this point as well but I know type them what do we got here a 200
bounce but it's the 200 we've had very very strong resistance or support i
should say strong support with the 200 right along here so don't take this one
but then with we had a double bottom form with t1 the entry was here and that
really delivered so if I really quickly give a quick recap just on this little
section here once again what directions are my longer term moving averages
they're heading up so therefore in what direction do you want to take your trade
you only want to trade with the trend these ones here there's reasons why you
wouldn't take that the resistance of the pivot but if you go back and count the
pivot that the times we've tested the pivot we're going to break through it's
only a matter of time we keep going up there and hitting it either we're going
to break down our we're going to break out so here you also had besides a
double bottom what really made this a really bankable trade is not only have
you got a double bottom with the trend but you've also got divergence on the
platinum so that's a really high probability trade now moving along and
this was the last call la we actually uh no sorry because I we had this one here
he weren't so you wouldn't have had profit delivered to up here this here
was a t10 now we didn't have the paint bar but that's okay if you've got the
pulll back as we had here we can see here we're on our zero lag a term agenda
turn back cyan line you could an entry but to you delivered your minimum of 11
ticks you're up here he had a nice touch stop but once again is stopped is two
ticks below your little swing low here you then had another
entry here but you were still in this trade here unless you're going to double
up which is I don't generally recommend and this was actually a t2 now have a t2
with the t1 signal a high probability trade but we can see here we tick down
and if I just check this I think it'd only take down one tick against us there
that's a low of 73.25 lower 73 so you are still in that trade if you had of
not taking this trade and only be trading the paint bars and I just should
point that out a lot of our traders all they do is wait for these paint bars the
two we call these T1's with the trend it's a high probability trade setup if
you're trading it with the trend that is following the 89 and the 200 so if you
had it entered this one you still fine remember our stop is where two ticks below
that tick down gave you some pressure there one tick blow so while you were
still in that trade and you actually then had an entry this is a perfect 89 EMA
bounce so you had entry here you stood have you been in that trade till over
here and you may have decided to add on you to your position with an 89 EMA
bounce here then we can see here we had some erratic gun moving as to as the
market headed to a close so trade is a quick recap some great trading today I
had two out of two there I had some great trades also on the ES so I've hit
my target and I'm about to go and do a recap of the last what is it now over
the last 12 hours on the euro dollar five range you're some great trading
action there as well so traders look forward to our next recap thank you