hello traders it's Samurai Trader here welcome to this training session in this
session today we're going to be discussing a number of trading
strategies that will get you well on your way to achieving your target of up
to four hundred dollars a day per contract most of you know that is my
target to hit within the first two to three hours or my two to three hour
window of trading my personality is and I don't have the time or the inclination
to really sit by the screens all day personally I find it exhausting as a day
trader so I'm going to be showing you four live trades that I took and
explaining exactly what I did and why I took these trades now we're specifically
going to be looking at counter trend trading today as you hear me preach time
and time again you do not start counter trend trading until you are
profitable as a trend trader absolutely critical because counter trend trading is
a higher risk form of trading even though as you'll see it can be very very
profitable but I've been doing this for over 23 years now so it makes it a lot
easier and even then you want to really focus in on the types of counter trend
trades that you take and of course we cover these comprehensively in the day
traders fast-track program so I'm just going to cover them briefly in today's
session now if you haven't already done so please go to full screen and you can
do that down here in the bottom right hand corner as always I need to mention
the risk and please feel free to stop your recording if you haven't if you're
new to one of my videos and you haven't read the risk please read their is very
important as I say in every session don't trade with the rent money so all
of this as I mention is covered in the day traders fast-track program but let's
go and jump straight on to the charts now this is some trading I did two or
three days ago to be meaning to go back and record this session now this is
after the main market is closed so in Los Angeles it's um after 1:30
p.m. I should say the markets have closed after just after 4:30 New York
time so this is a fantastic market the futures market for traders to trade
basically 24 hours a day now of course for my forex traders or those watching
us that are forex traders these setups work exactly the same on the forex
market now for the sake of this exercise we're looking at a 55 tick chart and of
course these setups work in all timeframes and all markets so a couple
of key points want to make here is this set because I trade from 3:30 a.m.
through to about 6 a.m. I've usually wrapped up but then at times I'll jump
on and fire off a few trades after hours or in the afternoon the ones that I'm
about to show you but beforehand so them I want to show you the market closes we
can see here it reopens we had a classic little la double bottom here went up you
would have had a loss here this is a classic t2 that was a loss then we come
up and we had there a little double top and a way it went
now what I wanted to show you here was this is some trades that I took let me
just scroll along and actually let me go back a little more so I want to show you
something really important here traders you hear me talk about pivot trading
regularly particularly if you listen to my recordings on a regular basis or if
you're one of my students you'll know I refer to pivots every single day pivots
are absolutely critical that you understand or you monitor pivots now
every software program nearly every software program should say now has
inbuilt pivots in where you can apply pivot programs and you can see here
these are these lines here open high low and close of a previous day they become
support resistance areas and as I'm about to show you on the es futures I'll
draw horizontal lines as well for support and
resistance areas and I'll show you some trades in a moment that I took off that
now you can see here the pivots we come down and we bounce between pivots or off
pivots all the time however not all pivots are the same in other words some
are calculated differently and it even comes down to how you have your data
displayed for an example on mine here I have this set at local time now if I
made that exchange time which I'll make you at the moment because it will change
where I am on the chart it'll change it where the pivots lay so what you want to
do traders is to play around with the pivot program you have and once again
google it on most trading forums now you can get pivot programs free of charge
for virtually every software program there is so let me explain to divergence
trades that I took here now I'm going to explain the high risk one but I took but
I've been doing this for a long time and the other thing here is that I have my
probability and statistics and that is I know how high my percentage of these are
when I take them now this particular trade I took here it was actually a t89
without divergence and my students know exactly what a t89 is and I got in
before the candle closed because of my reversal candle right there now my stop
I put three ticks above the pivot so when you have a trade that winter as
over here you make sure you stop is above the pivot because like we see here
and even down here pivots will come down and bounce here it went through a little
further but usually you'll bounce right off it and that's what happened so I
shorted ten contracts and perhaps if I can just I won't move it right now but
you'd see there that was ten and over here I exited the 10 and I then took out
another ten here because what I had here was perfect divergence which is what we
call a t19 here so at a t89 here I had at
t19 a along with the divergence plus a pivot bounce traders these are extremely
high probability trades let me say that again when you have a pivot bounce with
divergence and the t89 or a t19a they are extremely high probability now at
the same time exactly the same thing was happening on the ES which I'll refer to
because something different was happening there which we'll go to and
have a look at the chart in a moment but what I want to point out here was is the
risk management now my trades I only allow or I execute a point five percent
risk per trade on my account so here I shorted ten contracts here and
I shorted ten here so that's one percent of my account and on the ES almost
exactly the same time I shorted ten and ten so my risk factor was around 2%
totally combined that's absolutely critical and in the course of recover
risk management that you never ever risk in total more than two percent so if
your account size is smaller you may only be able to enter one particular
trade now if that is the case what's the highest probability trade for you well
here this particular trade the first t18 I took was a higher risk why number one
it's a counter trend trade number two the candle hadn't closed number three I
hadn't bounced off the pivot so there's a whole lot of reasons why this is a
higher restraint and I hadn't closed under the EMA a however probabilities so
I entered I was willing to roll the dice on this particular one now came down
with a little a little T2 form and then come up and bounced and then I had
a perfect double top pivot bounce with divergence traders
beautiful all right these are just sweet sweet trades so I was short 20 contracts
it's $1,400 thank you very much less some about was
it $92 or whatever it was in brokerage for the 20 contracts so very very sweet
new traders or you would not be taking these it's a lot safer taking your trend
trades the more experienced traders wait for your divergence on these until you
know your statistics and what that means is you need to take every single one you
can't cherry pick these because the stats are on your side but you've got to
be in it to win it very very important so divergence and
the other thing too is with these types of trades with divergence trades really
good ones and these they really leave the odds in your favor that you're going
to get a great risk reward on these now you can see here I could have easily
squeezed out excuse me 20 30 ticks out of this one I got 14 and
most of you know me I'm a scalper that's why I get out but here you could have
easily got another 14 out of this so on your counter trends unless you're going
to take every one or unless you really experience you want to be going for a
higher return for every dollar your risk ideally you want to be targeting $2 now
what you can do is to keep it safe you can trail your stops just remember
though with tick charts at times they can move fairly quickly now down here
then we had a lovely little um our pivot bounced off there and let's just go
along with another little double top here 200B bounces very very very high
probability but noticeable our moving averages are now rolling over and we did
have a teat in here but notice the big candles be very very cautious on trading
big candles traders because you see what happen big candle bounce stuff for 200
and the way it went in other words and I don't think I've said this in a session
fall over 34 now this something I also want to show you it is my time
it is now Friday afternoon the 16th so it's of course Thursday night late
Thursday night in the u.s. so this morning after the market reopened you
can see here we rallied up we had a beautiful t89 from our t89 traders we
had a 34 bounce but have a look at this and let me do a trendline okay so what
have we got down here so we've got another beautiful divergence trade now
when you are within and your entry would have been for the traders there was on
was down here you can still count these as double tops even if you go up 2 or 3
ticks ok give yourself a bit of little way but look at the see a beautiful
divergence on the Platinum yet basically form them really a triple top then it
fell away you bounced on your 89 before it then collapsed away and once again
follow your 34 now let's now have a look at the trades on I took on the ES so
trade is this is the same day a couple of days ago except or you probably can't
see them it's just below the bottom of your screen there were times here I'm on
exchange times rather than local time so you can see up here I had a little
bounce off resistance and that was not a pivot line that was off our resistance
from a higher time frame down here we had been some little double bottoms
little double tops but here's what I want to show you is this here so moving
along we can see up here that this is where I showed it segments see - so you
can just see it here I exited both of these exactly on 8 ticks now 8 ticks on the
ES is $100 so it's 1250 a tick or $50 a point for ticks to a point so I shorted
10 contracts now I had a 6 tick stop on this particular trade and it was taken
almost exactly the same time as I executed the trade on the NQ which is
bouncing off the pivot so here I had resistance from
a swing high earlier and so went up that it went up and it ticked up five ticks
oh I was getting a little concerned now remember what I mentioned on the NQ
unless you going to or unless you really know your stuff
wait - you have divergence or you get a beautiful double top or a double top
against your resistance or if you're on support here we then had great
divergence once again okay and I had another entry right there
so what I end it was exactly the same point so here I shorted there my stop
there were six ticks up above that high point and we and my time it was on the
200 right there and you can see it would have been good for another point but
here I got out and that was a really nice start to my new day the NQ trades
and then yes I was out there then look what happened we tend to just bounce
around between the support and resistance area before then it collapsed
away we head down here another t89 I didn't try to take those I've actually
wrapped up for the day at that stage so that was really nice so the point I want
to get across here is these little double bottoms and double tops when you
have them that when you've got divergence as we have here or a double
top against or with the trend I should say for a much higher probability trade
so traders I look forward to seeing you in the next video and of course I cover
all of these setups comprehensively in the fast-track program for $197 if you
haven't already subscribed to my channel please do or purchase the program where
you'll get all of these described in detail over 12 different strategies
thank you traders and I'll see you on the next training video
you