good evening traders like a woke me here to our market recap of the
e-minis of the ES 144 tick it's for the opening of a market on sunday afternoon
USA 9am australian time southeast asia and of course on tuesday or sorry monday
i should say tomorrow we've got Martin Luther King holiday so we expect them we
had lower volume there's lots of traders of course are taking the market off but
we still had some some good trade opportunities because in the USA and
Australia we've got a lot of day traders trading ES market because of the volume
and the great trading opportunity so let's have a quick recap some of the
trades we had here at the open and let me just turn put the icon back on here
we go down here we can see we had a t19 a divergence trade setup yeah now this
is the first hour of trading a lot of traders like to sit out that first hour
on wait for market direction to identify it's off which isn't a bad strategy but
we can see here were above the zero line on the platinum we also had a t69
breakout we had what we call a t98 which is a cross of our zero lag and our
trigger line which i'm about to remove so damn confused traders and so we had a
great trading opportunity and as per usual and i put this in live i was
training someone at the time target up a pivot so there's only two points in that
particular move between pivot pivot and likewise once we broke the pivot there
is a similar set of trading opportunity now the other thing you're looking at a
chart here we have it looks very busy we've got the zero lag we've got our
channel we've got the trigger line we've got the 89 we've got our platinum we've
got the long term and short term stochastics well what you do of course
is you strip the chart back to the indicator all of a setup that you're
actually trading now here what I've done is is marked up half of our 12 different
types of trading opportunities that we have
as you hear me talk about every single recording and every training session
become a specialist become a master at one particular setup the number one
setup you can master to begin with is the t1 set up with the trend t1
with the trend and the second one which I personally love is a t89 because
it's so visual and a kick spot day in day out so let's get back here so we had
a t69 with a t98 which is the cross of our trigger line now the cross of at
triggerline this blue line and the zero lag generally speaking triggers a new trend
direction it's a great trading opportunity for experienced traders so
I'm going to remove this now so we don't confuse today's session so let me just
disable that and if we go up here we can see at this particular point no trade
now we're so this Sun thunderstorm here last night so I turn my computer
opened what's happened here is what hasn't reprinted was one of our white
candles that hasn't plotted here again and so this actually had one here and it
formed a t89 now the reason you wouldn't have taken his t89 an actual
fact I hate question mark there wasn't a t89 was because you need the zero lag to turn
down and to change color which should have done on this candle which it didn't
which meant there was no T89 trade and it happened to save you keep you out of
losing trade until we get up here we have our paint candle plot now remember
that does not plot until you get a tick below the second candle so your entry
was on this candle and bang thank you very much way it went and of course you
had at t69 trade there as well now hear you had a t2 which is a slingshot your
long-term stochastic is oversold your short turn comes down formed a slingshot
and bang up it goes now all of these are forming great 2 3
point moves there was some fantastic action in yesterday's market so let's
whoops its easy let me just go back here and let's get back here here we had a
t25 now t25 as a reminder is we have a 2 to 5 candle pullback in a reversal and
you actually had your zero lag did confirm and you would have taken that
short right there now here and I'm missing this particular trade here you
actually had an 89B which is an 89 bounce and 89 bounces of trade you take
once truth you've mastered to t1 you take every day of a week that was good for
our five ticks your 89 bounces will you bouncing off the 89 EMA with the
confirmation of your t1 signal and of course the zero lag then we had the t25
let me not race ahead too fast now on your stop I always use a two ticks stop
above or below your clothes a swing point unless your stop is too large if
it stops too big stand aside it's not worth taking the traders time and time
again you'll see where you've got an extra large stop the markets had a quick
run then it will reverse and come back down so if your stops too large stand
aside there is another train just around the corner and other bus on the way
there's trades left right and center as were as we can see here then we had a t1
if you're following my advice you're trading t1's only you would have been
in this particular trade here as it and look at this this is a beautiful t1 and
by the way you stop the up being above two ticks you weren't stopped out of a
trade okay you're okay if your two ticks likewise on the Nasdaq will 133 which I
trade during market hours always my stops two ticks above or below this one
high t25 once again 2 to 5 candle pullback my entry is just outside the candle bang
thank you very much I then had a t89 look at that angulation so the market
fell dramatically I'm waiting for my zero lag to turn
which is here my entry was there that was a very very nice 11ht sorry that
was six ticks very very quickly 8 tick whatever your target was now we then had
a t89 which is also sorry we had a t1 off the 89 which is 89 bounce
which actually only delivered three to four ticks pardon me and you would have
been stopped on that particular trade you would have been stopped out unless
you're very very quick now this is where you have a t11 you've got a higher
point higher low but it's bouncing off the 89 your stop if you had a entered up
here also would have been 16 ticks so you stand aside those particular trades
excuse me we then had a divergence trade being in a way we go so let's scroll
along here because there's something I would like to point out it's getting on
Sunday night late Sunday night in the USA a lot of the day traders though is
taking advantage of the sunday afternoon marketer retiring this is two hours of
action here so here you would have done very nicely that was a nice t1 with
the trend you would have been stopped on this particular trade okay here on this
one I'm certain you were actually still okay on that one that was a high of 13.50
I yep so you were still if you took that short you were still in that that when
I'm ticked up one tick above remember where's our stop set two ticks above our
closest swing high or swing low and away it went so if you didn't take that trade
if you're waiting for a breakout or waiting a while that's two hours between
there and you can see what I mean about the timing there you had a t69
down here we had another T89 notice how a zero lag is separated from the channel
and our entry was on this candle here that was a fantastic a tick move
two points one hundred dollars up a win then you had another t1 your entry was
not till this candle you stop is above their bang now just on those two trades
alone you hit your target of two hundred dollars a day per contract so you might
have wrapped things up and go on to bed last down here at a nice little
divergence trade when I love divergence trades when I'm also getting a zero line
cross on my platinum so you can see here it is a counter trend trade we've had a
nice t1 they're coming back down again a nice winner here we've got divergence on
our platinum and bang up it goes and just a couple more weird a nice 89
bounce a couple of 89 bounces here now this particular one I've marked up
because it's a t11 trade t11 of course is where we have a plot of a
higher low in this particular case or a lower high so you can see a pink candle
now answer would have been there you would have been probably stopped on this
trader delivered about four ticks if that's what you're told it was well you
would have been ok but if not it's just up would have been two ticks down below
here and your next t11 was this particular candle and end whoops there
it is there you're in there that delivered six ticks now t11 once
again is where you get your paint bars your t1's that are higher so it's
forming a general change in direction then up here we had a t89 why t89 our
price action is separated from the zero lag we're well above the 21 EMA channel
and bein away it goes well this is our market recap we went on and had a lot of
other great trades for the evening once again please subscribe to my youtube
Trend channel any questions my email address is there please feel to drop me
a any questions on these and it just in finally wrapping up what I like to say
is this you know the old rule of a wise trader
was to buy the pull backs and sell the rallies that's what the t1 allows you to
do if you're trading with the trend in many ways when I do for recaps here for
my clients and I've got hundreds of my clients now receive my daily recaps that
I email out to them is that in some ways I'm very hesitant in doing the recaps
where I point out all the other trades besides the t1s and a t89 except
I deal with a lot of professional traders that look up the experience so
getting back i'll continue to drum it into you stick with the t1's until
europe you're earning your 200 a day per contract at a maximum risk of 2% that is
focus like a laser beam and if you look at Mark Douglas in his book for
discipline trader he talks about this extensively Master one mechanical setup
before you move on to anything else the t1 with trend once again you have the
paint bar plot in direction of the 89 EMA it's not trading is not rocket science
it's about discipline ninety ninety percent discipline five percent money
management and five percent the strategy signing off this is a discipline this is
samurai trader and I look forward to your watching my next market recap which
I'm about to do by the way on the European market last night thank you
you