Not every day goes as planned. Some days, the enemy is you. Today was that day. While the week was very good, a few errors on Wed served up a loser and breakeven when the end result should have been a winner. I want to show you that even those that have traded for years, know the game and do it pretty well, can mess things up. You are never defined by your errors….just how fast you bounce back.
While the video may cover some more advanced ways of trading, the basics are highlighted as well. For new traders, keeping it simple is the road to be on.
This video is going to jump into probably the most widely traded pair in the market…the EURUSD. Not only that, I will bump up the interval to 233 tick. Using tick charts really unleashes the power of “tuning to the market” for your stops and targets. Watch in this video for some terms that are widely covered in the training……..trade for profit and red rated reports. Acting on just these two things alone can help bump up your results.
Live Trading Webinar (NO SALES PITCH!!)
Watch the HVMM traded LIVE before your eyes on June 24: Get on the list
Those same guys who produced that video report are now putting the commandments to the test along with their High Velocity Market Master (HVMM) trading system.
The HVMM is used for day trading and swing trading alike and on every market from gold to stocks, to futures and forex.
They’re giving you a LIVE demo of the HVMM and applying their commandments along with the strategy this Thursday, June 24th!
My previous video looked at the GBPUSD 6 range bar chart trading the U.S./London overlap. You saw how simple and powerful this strategy is. This video is going to kick off showing you the four hour chart of the EURJPY (can you say sideways and crazy volitility?!?!) Even the most novice trader will agree that the price action is pure ugly. Can the HVMM 2010 deal with that? Also note that the chart is a 144 tick chart and the session is the London session (2-5 a.m. ET). Will that cause a change in the strategy?
The short answer is no. The longer answer is the HVMM is a solidly flexible strategy with the unique ability to get you through rough waters with no damage to your account (by keeping you out of the market) or a slight bump or two (that is the power of “early exits”). We will look at the last three days and while we had a loss or two….every session ended in the positive.
To be successful, one thing you have to control is your objectivity/subjectivity. Looking at the market through hope, fear and greed is a recipe for disaster. One of the ways to help end that cycle is to make sure that certain aspects of your trading is objective. One of the best ways to do that is through the use of an indicator. In this video, after the walkthrough of yesterdays 3 SMA setups, I am going to give you access to an indicator that will help you choose which side of the market you want to be on.
— The free 3SMA strategy is being taken out of the market.— Grab the info now!
How many markets should YOU trade to be successful? (Do you know the sweet spot?) What do you need to become 100% confident going into a trade? Do you know all 12 commandments that define a profitable trader?
Even if you did fire back the answers, there are some unique nuggets of wisdom hidden within this video. It will take you less than 30 minutes to watch it and believe me even as an experienced trader, I learned a thing or two and was reminded of some other important facts when it comes to trading.
Wow. I have received a ton of emails from people that have subscribed to my newsletter and grabbed their free copy of the 3SMA strategy. The good news is that it is still available and free! I have put this video together going over two setups that occurred. After that, I take you inside the members area where your free 3SMA strategy is. Without question, I think you are going to be impressed!
I got the word from Hector that he is giving away his 3SMA trading system! This is the same trading strategy that I have highlighted in several videos below such as:
Click here and right at the top of the page is The 3 SMA Trading System. Click the button and the entire strategy, including demos, is there for the taking.
The week comes to a close and with that, my disappointment with the EURJPY is alive and well. I should give it a break as it has been good to me for a long time. This week however was range and stops and starts. Was tough to get anything going! The GBPUSD however was the fan fave. It served up some great daytrades with the HVMM that were a pleasure to trail. It handed out an extremely nice swing trade as well. Take the good with the bad and it turns out to be a solid week.
On a side note, the HVMM has been off the market for a while but June 29 looks to be a new release date. I know many have wanted to get their hands on it so your chance is coming. It is a solid mechanical type strategy. I will put together a video in the near future covering some of the HVMM aspects. You can also check out the HVMM public blog to learn more.
Enjoy the video preview below. The full video link is right below that.
In this previous video, I walked through a setup I had swing trading the GBPUSD. At 3:15 a.m. New York time, the trade went to full target. The interesting thing is and a pure lesson, the ultimate target was actually just above the 4750 level. The 50 levels are a key level in the FX market and commonsense says to put the target below it. Don’t make price have to break the level. Target was adjusted to a few pips below the level. Price actually spikes up…closes the trade and then retraces over 250 pips. Key levels are important.
Total pips on this swing trade. 77 at the scale out. 184 full target. If you are trading a mini account and using two contracts: $261.00
The swing trade was taken off of the UST…Ultimate Swing Trader. You can find more information here or check out the UST blog.
