hello traders its a samurai trade hear welcome to this session we're going to
be doing a trade recap of a number of live trades that I took on friday the
9th of the 10th or if you're from my friends in the US attempt to the 9th
2015 so we're going to be looking at how you can target four hundred dollars a
day per contract I'll be covering a lot of things in today's sessions so please
hold on to your seats and of course if you're new to my youtube channel please
subscribe and all of the trade setups that I cover are all covered extensively
in over 20 hours of recordings in my fast track day traders program so please
visit my website or drop me an email to find out more so in this session not
only am I going to be covering some live trades but I took but also you're going
to be learning and i'll be discussing and teaching you a few ideas about
probably what is why classifies one of the best-kept secrets in trading the
power of the eight EMA and i'll be showing you some practical applications
of how you can use the 8 EMA to entry trades and also to exit trades if you
haven't already done so if you go down to the bottom right hand side of your
screen please go to full screen because we will be visiting and looking at some
charts if you haven't already read one of my risk disclaimers no doubt if
you're one of my current students you see this every day but for those new
please spend the time to read the risk disclaimers now to get underway today
traders i want to get under i want to really talk a little bit about some head
stuff you know I deal with traders every day I coach one to two
professional traders every week I deal with institutional traders I receive on
average 10 to 20 emails a day from traders and probably ninety five percent
of the problems that traders face come down to what I call head stuff for
psychology of trading a lot of traders are not making it
because they're not holding themselves responsible and an affirmation that I
really recommend to all traders that I deal with one-on-one as they start to
use is this I hold myself responsible to a higher standard than anybody expects
from me to truly succeed as a trader you've got to really get your head right
it is so important now a lot of the trade setups that we look at may seem
difficult and please remember this everything is hard before it is easy
remember when you first learn to ride a bike it was hard at first but then it
become second nature and likewise the same applies when it comes to learning
how to trade now as you know in my course I teach you into 12 14 different
trading strategies methodologies and techniques now it's virtually impossible
even for me to trade them all now I teach you lots of different strategies
because we have different personalities some of you unfortunately love counter
trend trading so I'll give you the best of the best there the really successful
traders of course really focus on trading with the trend the best for vest
trade with the trend so we can't out of a strategies I teach you work out what
works well for you so also don't be overwhelmed because you hear me talk
about this regularly is master one or two setups and then move on now this is
a chart or this is actually a poster I don't actually have the affirmation on
it anymore what about a poster of a sniper on my trading desk and this works
for me personally and maybe this will work for you to confirm the South nation
and repeat it continually I impatient I am discipline I'm focused I'm a sniper
one shot one kill on the rules based pattern trader now traders what will
work for you what can you start to repeat because what you need to do is to
really work at learning and mastering rules-based
trading and this is a page out of the fantastic book for discipline trader by
Mark Douglas and he talks about becoming an expert at just one market behavior
now on the second page on page 209 he says this they become an expert choose
one simple trading system that identifies a pattern I am a pattern
trader patterns repeat themselves every day in every market and he says
preferably one that is mechanical instead of mathematical will be exciting
part about trading and learning how to day trade is that just by learning basic
patterns you can learn how to truly succeed as a trader so consider that
you need to learn how to be a rules-based trader okay let's go and
have a look at the charts I don't want to make this session to live okay a
couple of them are things about the markets of this is living down under the
hours in many ways are upside down for me that is the market opens up around
11:30pm and of course trades till 6 am my time and I don't like being up all night
so I'll typically start trading and around 3:30am to 4 am it depends if I'm
coaching if we've got an all-day coaching client unfortunately i'll click
it up at midnight and we work throughout the night I've clients all around the
world so it may not be convenient for me but I've got a fitting with my clients
so I love trading the yes old trade from four to six bet sort of time 3:34 am to 6
and I'll also trade the evening markets and there's some fantastic opportunities
and I'm talking now directly to my European clients for a moment in the
European session which is starts at five pm. my time even still trading the
e-minis the Nasdaq the NQ's now this in front of you here is the NQ 55 tick and
those who watch my videos regularly or students know that i love the 55 tick
during Australian hours and the london session it really trends really
well along with the 89 ES you'll get some fantastic action and by the way not
forgetting the euro stoxx 50 and the euro stoxx 50 has almost the volume that
we have on the e minis now I have to say this for my stock traders and for my
forex friends of course the london session as we get fantastic volatility
leading in and the other thing is the NQ's you get the same sort of
volatility on this market as what you do on forex are remembering these setups
work on all time frames and all markets so friday night i was going out for
dinner we had a fantastic trend i just want to quickly explain a couple of
basic setups and i had a hero a typical t2 and for my students you know exactly
what a t2 is and it was 14 ticks now traders i'm a scalper and i go for 14 ticks
in most cases and as you can see here i could have easily squeeze 21 out and so
that was 10 trades it was 700 before brokerage come out i think it works out
to be about 620 net then down the bottom here and for my students I just want to
explain this we had a perfect a classic t89 was classic and as far as though I
had virtually no divergence so on it so why didn't I take this one because I
really like to see where we had a really strong down trend trader taker to go for
me to go against a trend I want to have a number of compelling reasons and here
then this T89 turned into t19 now I had great divergence are then jumped on
it and once again 14 ticks and that was the end of my trading for rough for
friday night very nice start to my saturday morning now here a couple of
things I want to mention and I've got on the chart here use the hull as an option
to stay in a trade after a good t20 now you can see here this red line it turns
green then it goes all the way down here this is a hull moving average available
for on an awkward charting package is if not you can go to your forums and
find it this one's got a setting of 28 and you can see how if you want to stay
with the trend longer the whole works really well in keeping you in the trade
longer there's something else and let me remove it just to tide of a chart here
for a moment and there's something else it works really well and it's much more
versatile at see eight EMA so today's golden nugget I just want to talk to you
about the 8 EMA for a moment now why not use for an example 3 EMA or 5 EMA
well what do you don't you don't want an EMA that's too jumpy or gets you into
too many false trades so the rules with the EMA is this is that is a trending
well on this particular trade the EMA was coming down on nice trade has a
trend thence I jumped in here this is a counter trend trade by the way brand new
traders you do not start off by trading counter trend you trade with the phrenic
with the trend you go with the flow of the river and the river flow traders is
the yellow line here okay so up here we had a 34b bounce we call them another 34
bounce another 34 bounce stay with the flow but here i was about to go out for
those that do that watching me trade live know that i love the t19's and
the t89's and because i've been trading for 23 plus years right i'm good
at the counter trend trades but for new traders stay safe i stay with the trend
but anyway getting back here I jumped in got out you can see my entry on trade
station there my exit there was good for 14 ticks but getting back to the 8 EMA
traders what I'm trying to do in training trades is to really break it
down and simplify trading as much as possible ends a times you'll see me
introducing new things because the more I train the more I get to realize how
simple we really need to or I need to make it for my students so I know that
you hear me talk about it regularly now the 8 EMA
but really repetition is a mother of learning it's how you learn and if it
works keep doing it and the 8 EMA now we can see here what's the 8 EMA doing it
sideways now yes I was in a good trade they're putting it aside if you trade in
on the long side wait for it to roll over now we had at T1 signal there we
had another one there we had another one there and of course you had a t2 there
but follow the 8 EMA so new traders or if trading hasn't been kind your
recent times apply the 8 EMA and go long that is with the trend you've got to be
to go longer more look actually let me show you this ok we had here at t20 now
my 8 EMA is above their 34 long onlys ok long only so when the eight is above the
34 you are only going to take Long's likewise prices to be above the eight
here when price is below the eight you take shorts only so to save it again if
we're below the eight short only if we're under the 34 and if we're above the 8
above the 34 lungs only if you start to apply that rule I promise you it will
make trading a lot easier a lot simpler for you so you can use the 8 EMA for
your exits now so you hear you got in you actually had a T20 I'm you if you
use the trigger line traders going through here you would have been in here
if you're using the 34 you would have been in here now your exit is when you
get a close over or under the 8 EMA you started to get one here so you might
have jumped out here but if you are a little stronger you want to start to
send you start to see your 8 EMA leveling out you're bringing a stops up
and you could have been out up here now that's a 30 35 pip move you start taking
those traders this is the true success to trading unless you're a scalper so
let me just um explain you will see me scalping the market
continually but I'm very very focused on what I'm looking for I'm a sniper I'm in
and out in and out in and out and I have a very high win-loss ratio and quite
frankly it's very hard for me to stop doing it because it works for me and as
I say to all traders hey if you're doing something that currently works don't
stop doing it maybe look at the trade setups and the ideas i teach you but
don't stop doing what you're doing but for the newer traders look at trailing
your stops look at using the 8 EMA for your entries when you're above all your
exits likewise your stop loss if you tuck so if you're in here take your stop
loss under here okay so you can use it for your stop losses as well now just
one the other trade I want to show you is this on Friday morning I had done a
client but I was trading now training let me get a ride trading training same
thing and these are the trades that we were marking up as I was live training
now when I'm training somebody like with this I'm not normally trading live my
soft why because I'm teaching you how to trade so I want to show you a trade i
did take in a moment and explain why but let's just have a look first of all up
above you can probably just see that dotted line that is the pivot okay so we
had a number we had a little double top of t7 look at my 30 falls rolling over
everything else is rolling over then it turns into a perfect t10 so we had
basically to t10 signals here and this is where the rule of three comes in and
you can t talking about the rule of three that is three trades in a trend be
very cautious thereafter so you had nice little one here which was a t2 and t1
you had a nice little pullback here which was a t2 which turned into a t1
yet a pullback here which was a t2 or got you in then it turned into a t1
forgetting the counter trend trades here for a moment traders then we come down
here the fourth trade shared one to whichever one you took three so you
had three trades in the trade fourth trade failed and what actually happened
then was you had a beautiful little double bottom okay Seattle of little
double bottom form and let me show you what then happened okay then we went
back up okay you ended up having a t20 this here now that was if i remember
correctly let me just tell you i think we had a t89 form and let me just tell
you if it was case yes at a beautiful t89 here now I then finish the session
and then I had what did I have set up I then had set up a t10 and most of you
know that I love t10s and look at this look at my my platinum drop right away I
had a lower high formation okay and then we had the short-term stokin a long-term
Stoke confirmed the t10 and that was great for our 14 ticks now the point here is
I want you to consider is this that come down and it touched me twice and
actually got me out to the tick and one thing I want to highly recommend is it
when you touch your target twice and if you're not filled to consider exiting
that trade let me save it again if you come down and hit your target twice and
you don't get filled and it bounces up I now recommend it you exit so here I was
almost about to exit take my profit but then it filled me and then it went up to
the upside and just one other thing here traders when you have to counte trend t2s
not sorry T1's very close together in a nice little um a little bit of
divergence it's a t7 and to scan attend counter-trend t1s there are really
great trader to take okay now here you may notice we weren't
marking up the counter trends because with this new student I didn't want to
really that was actually an 89 bounce that's why that one was marked up is we
I really didn't want to start training him so early on the counter trends trades
and as with all new students stay with the flow of the river the rule of three
one two three fourth one went down and bounced you out and then the market
traveled on some many wait merry way so traders I've just covered a whole lot of
information with you if you haven't already done so please subscribe if
you're serious about your trading career I now in my course you now get over 20
hours of tuition I answer all your emails and it's the most comprehensive
value pack they trading program in the market traders hope you got some better
fit out of this and I'll see you on the next video thank you