hello traders its samurai trade here welcome to this short training session
I'm going to be covering a number of trading opportunities that have
presented themselves on the ES 550 tick over the last couple of days and I want
to cover some tips and ideas for you so this is a general public recording some
of my members or many of if I've got hundreds of members around the world
we'll probably all so what's this but as always I won't go in too much in depth
into some of the trade setups you get to learn those in the day traders
fast-track program but I promise to still give you some good stuff here so
please watch as we are going to be going to some charts I recommend you go to
full screen so bottom right hand corner click on that and you'll be able to
watch this in full screen we do need to put up a risk disclaimer otherwise this
CFTC and the net and FA might be too happy with me so please understand the
risk there is a risk in all forms of trading whether it be futures stocks
Forex or options so please don't trade with the rent money and please put
perhaps put the video on hold and read the disclaimer in full very very
important I don't to turn this recording into a advertisement but please
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you all the indicator settings anyway so please visit my website to find out more
information but let's get to this look this comes up all the time
when traders watch me trade they you know they say look what sort of trader
are you you sort of very quick you're in and out well look electively
the traders and I am I'm a scalper that is I like to be in and out of my trades
now some of those trades will go for seconds usually look it could be
anywhere from five to ten minutes it's fairly typical with the type of trading
that I do now being a day trader there is a slight difference it is with the
day trader you can open a position in the morning closed positions in the same
session but I'm in and out and of course swing traders you're generally holding a
trade overnight or for several days there's a reason why I'm a scalper get
in get out get paid there's always another trade so if I
feel the market is tuning against me and the more I reflect on this based upon
coaching with my members etc you know I really realize that's my style and
that's my personality now it doesn't suit everyone but you know I'm a
momentum trader I like to see the market moving and if it slows down I
usually will exit my trade if it's not happening the way I want it to happen
that is we want the market to be moving I don't like range markets I like to see
a trending market now if I see a range I'll usually sit it out and wait for the
the next setup or the next trend to set up and we've got a number of ways that
are a number of strategies that give us will tell us whether we're go to whether
let me start again we have a number of strategies tell us
are we in a trending market or are we not now this comes up every single day
from from the general public particularly or new YouTube subscribers
subscribers to my channel and why do I have so many setups well first of all I
code all my setup so when you become a member you you get to learn what all
these are and they're not as complicated but t1,t2 these are nearly all patterns
and you know geometric patterns that appear in the market every day and
visually you get to learn these fairly quickly now the reason you have
multiple setups is that for example in a strong trending day you want to be very
very careful and extremely cautious of your counter trend trades and I'll show
you what happens today we actually had towards the close of a market I got
slammed on I had two losing trades trading what I call the t3 and in the
end then I just jumped on the bandwagon and continued with the trend and
sometimes you know you're gonna have losses because you don't know you could
of course you're expectance t3 is going to work but it fails it meets all the
conditions but it fails that's trading traders but the thing is is to recognize
that it's failed after a couple of trades okay we do have a strong trend
and to trade with the trends so if you trade just one style of trading such as
if you're a counter trend trader only you tend to get hammered because you
know once again in strong trending days 80% of a time the trend continues when
you get a trade setup so it's very very important that you have just like a comp
that has different tools in his toolbox but you've got different strategies for
different market conditions it's really important now another thing that I'm
really pushing home now to the members to my members and also to the general
public it's very very important to really be referring to your anchor chart
what I call the AC of a high time frame chart and the EC which is the intricate
afarid odds pass the trade as simple as that now in many of my videos I don't or
I wouldn't refer to the anchor chart because I usually use my 200 EMA however
more and more I'm discovering that that really if you're fairly new or if
trading hasn't been working out for you remember patients are so important use
the anchor chart that's just really really driven home to me how important
the anchor chart is if you're not making money you got to remember I've been
doing this for 20 odd years so it's easier and I you know once again you get
to pick the path and you get to just recognize them but
if trading is not profitable for you I want you to refer to an anchor chart
which I'm about to show you how to quickly do that in a moment so let's go
and have a look at the ES and by the way I'm going to be doing one of these
videos probably tomorrow or on Saturday for those at trade oil the CL and I'll
do one for the NQ as well once again I want to keep this fairly short so what
we got on the right hand side if you've just got to one or two screens perhaps
um you might want to do this so what I've got is a 550 tick here on the left
and I've got a 1597 on the right so 1597 is a fib number it's three times higher
approximately than my entry chart my AC so anchor chart three times higher now this
is yesterday's price action so this is um to be exact let me just pull the date
up in case you want to refer to it so this is the 23rd of the 8th exchange
time now of course we're at the end of August 2016 volume was very very low
yesterday being a Wednesday we're at the end of August summer holidays etc in the
US and volume is definitely affected now being Thursday we saw a real pickup in
volume today I think we topped about 1.4 1.5 million contracts yesterday firmer
correctly is about 900,000 but you can still get some great trading
opportunities if you're following the trend and how do you do that what you
want to be doing is looking at what is happening with your anchor chart and
what we can see here EMA's it's very very very very obvious we're in a
downtrend and you want to be following that downtrend now the action there by
the way that was the close of the market and this here is about 10:00 a.m. so as
you can see here on the anchor chart not a lot of action but what you can see is
we're in a definite downtrend so this is where you really want to be looking at
your entry chart what is happening there so let's now just for the sake of
the exercise I'm going to expand this so you can see it so what we've got here is
um lots of T7 it was a great day yesterday T7's we if you refer
back to the anchor chart you could see the trend of we're starting down with
our classic t3 there so for those general public these are various setups
now you see t7 are your double tops or double bottoms and they work an
absolute treat and remember you'll see t7 with the trend are absolutely
brilliant particularly when you've got divergence in the direction of a trend
now if you refer back to your anchor chart you'll see we were in a downtrend
so you've got a double top divergence all in the direction of the anchor chart
which means catching this is where you can really make money I know of one
particular trader in in Europe all he does is trade t7 with trends
which means he only gets two or three of these a day but they're a 90 percent
trade with the trend so very very high probability once again your pivot
bounces so when you get a t7 with the pivot bounce as much as that was only
good for five ticks hey you go get five four tick trades a day let me save it
again a 5 a 4 tick trades a day your net in about 220 a day per contract and so
your pivot bounces done correctly can be really good now that's then we had
another t7 with the trend thank you we had then a great t3 what I'm just
pointing out traders is that if you just patient and just wait for these look at
this here another t7 with the trend I didn't make this up but there was great
divergence to Ching to Ching thank you very much
okay so we're firing off and if we referred back let me mark this up for
you let's refer back to the anchor chart look at this here what is the anchor
chart telling us we're have got a great downtrend so you only want to be short
that day let's fast forward because we don't have a lot more trades at 2:00
till or 2 today's price action so at some early morning USA time
now but let's have a look we ended up having some really good volume once
again great t3 pivot bounces now here if you looked at your higher time frame and
why did I mark that I want I was trading I might that up look at the hard time
frame let's go I never look at why I suggested we do that okay but the higher
time frame was just telling me basically the same sort of thing that okay we've
got classic t3 tight formations there get ready to go short so I cover a lot
more of this in the day traders fast-track program but the point is here
trade is I really want to emphasize to use your anchor charts once again t7
divergence in what direction with the trend so follow those t7's with
the trend okay t3's t3's a nice little t7 there we head there and
look at that look at my platinum going up a double bottom very very nice now
that was just a mini week t3 but if you had have looked at your anchor chart
there you had a little bit of dumb t 3 on the anchor chart t 7 again with the
trend thank you very much now what I want to do is scoot along here okay
you've got your 89 B's you've got some your t 20s of course you got a t20
really nice t3 but let's have a look what happened this afternoon and this is
the reasoning here once again t7 thank you very much
you had t3 you header up and by the way on the high timeframe on the anchor
chart they have the same thing by the way traders you had a classic 200 B on
the anchor chart with a small T 3 and it assumed you had a massive change in
trend direction and this is the reasoning or this is a very reason why
you need to be trading a number of trading strategies that is if you insist
on trading counter trend trades which is a t3 is trade is very very important you
jump on the trended new recognizes we had a
failed t 3 now I took this one and I also took this one down here alright
and I got stopped out on both of them but I jumped in on the trend and this is
where even though we had classic angulation
we had the bubble formation we had set up so beautiful on the looking good on
the high timeframe but the market ended up really falling away and I ended up
with five winning Trend trades so this is um we had t1 we had t 1 and look at
t2's straightest for my members see T T2s and finally okay we had a
another failed T 3 and that's the problem with t3s we did see T89 T19's
in a strong trend and this is why it's important that you learn to follow
the market now let me just before we close off on this let's have a look at
what was happening on the anchor chart alright and this is a very reason why
and look at that once again the anchor chart was telling you as much as you had
some t3 patterns but it was just slamming that was really going down so
if he gets stopped out and my rule is if I get stopped out to see T traits counter
trend trades I'll stop trading those and target until
I've got a whole brand new trend now traders 80% of a time when you expect
the trend to be finished all to not continue guess what it doesn't continues
you'll get a pullback some profit taking be very careful of its time and time
again it's very very easy to fall into the trap of believing that the trend
cannot continue so traders oops let me just quickly turn
that off so traders all of us of course I cover extensively in the day traders
fast-track program I don't want to give you a big sell don't get some
information go and request my eBook traders and I look forward to seeing you
as a member but also drop me an email if you've got any
questions please go to my website and I'm also happy to have a Skype
conversation if you're a and you trader or perhaps you're a trade of its finding a
tough please go to my website and request sir I'm happy to over 20 minute
chat to you on skype so visit my website thank you very much traders I'll see you
on the next recording