One Day Swing Trades is a swing trading system that combines the accuracy of exact trade set-ups, the quickness of swing trades, and the security of risk-free trades to help beginners and veterans day trade without the hassle of trading all day.
With One Day Swing Trades you have precise set ups, with exact entries, targets, and stops, that take only 10 minutes to setup. You place the trades in the evening before you go to bed, and make money in your sleep! It’s that fast and easy.
Very simply, all you have to do is install the One Day Swing Trades system, and in the evening or day time when you decide to trade you identify setups, set your targets and stops, and let the market do what the market needs to do. Mere hours later you can see the results that this forex trading system can achieve for you. There is no need to sit in front of your computer all day daytrading.
In the year since its creation, One Day Swing Trades has averaged 500 pips a month! What’s great is that the developers of One Day Swing Trades are so confident in this system that they offer the lifetime license for the system, simply if you prove that you can earn 500 pips a month. All you have to do is trade along with One Day Swing Trades, either on paper or live, and show that you made 500 pips in 30 days, and the lifetime license is yours! That’s a $500 dollar value for the price of the system!
Here’s a shortlist of powerful features you can get by purchasing One Day Swing Trades:
Exact setups, entries, exits and stops
Compatible with all trading platforms
Trade in the day or evening in under 10 minutes a day
Easy to learn training software
High quality video training
Exclusive access to internal company blog
500 pip monthly gains
Opportunity for lifetime license with 30-day trade challenge
…and much, much more!
The software is something you should really take a look at!
When you get into a trade, you have an expectation of something happening. What do you do when it doesn’t happen? Do you know what to look for?
This video covers a short side play in the AUDUSD currency pair. I wasn’t expecting a position type of trade but just a bounce. As the week came to a close and into a long weekend, price just wasn’t showing the gas to bust down to my ultimate target. There were some signs that I should take some cash out of the market and I did just that. No need to stick around in the trade once expectations are not being met.
It was an objective area to short at, the scale out and ultimate close of the trade were objective as well. A one hour trendline came into play for a stop placement after scale out.
This video started out just covering a supply demand trade in the EURUSD. A decent trade. It quickly evolved into something else. I had some buy orders ready to go and cancelled those. Price then broke through the levels and just having a feel for price, saved me from two losing trades. That said, prices then rallied nicely. The direction and anticipation was correct but a little early.
Trading with only price is a tough road. It can also be the most lucrative as you can really zone into high probability areas with exceptional reward to risk setups. They also teach one key element……patience! Without that, you can truly be a slave to price. Jumping in when price is moving without a plan. That is the road to ruin. I may have missed these trades….but that saying “I’d rather be out wishing I was in…..” is the truth.
As the video progresses, I note a AUDUSD long setup and take the trade while the camera is rolling. I manage the trade just before bed. The result is not what I wanted but, in the end, price did rally nicely from the area, just without me on board. Trading without being surrounded by indicators is such an art. Frustrating art. That said, there is nothing more pure than price…yes?
The Seven Summits Trader has made its mark on the daytrading world. There is another aspect of the SST that many do not know about….Swing Trading. I am a huge fan of not putting my eggs into one basket. My trading business utilizes both opportunities of swing and day trading. There is a lot of pluses for swing trading. One huge one is not being a slave to your monitor. At Netpicks, we only trade the session times that have the most movement. For the most part, everyone of us is done before lunch. I am sure though that there are many people who daytrade from open to close. Forex traders are the worst offenders. With multiple sessions to trade, many traders exist on coffee and not much else. The SST can give you the best of both worlds: Take advantage of the hot session time frames with day trading AND the ability to top up your account with a longer term perspective.
This video is going to look at the GBPUSD 4 hour trade plan. I am a big fan of the GBPUSD and this is really my first indepth look at trading this market and timeframe. Given its history, which you will see in this video, it is certainly worth the time to monitor this plan to see if it fits into my overall trading business.
Make sure you mark your calendar for the SST Q & A session this Tuesday! Click here for details: http://www.atradingplan.com/ssqa
Want you own SST copy before they are history? You will want to watch this video! http://www.atradingplan.com/sstreg
(I hope there are some bonuses left for you!)
After quite a few emails, I have finally put together another supply and demand trading video. Can there be a more pure form of trading than looking at price alone? Considering indicators lag price (they have to in order to calculate), you will be one step behind. Volume however, if looked at the right way, can be a huge advantage. There is no volume in forex per se so we don’t get that luxury.
Also, if you have watched my videos, you know I day trade a strategy called the Seven Summits Trader (SST for short). There is a way that you can get the ENTIRE trading system for nothing…zip. The first part of the video will tell you how to do that. If you want to see the SST in action in the live markets….sign up for the “In The Market” demo taking place Monday May 16 @ 9:15 New York Time. Here is the link to get your name on the guest list: http://www.atradingplan.com/sstlivedemo
I always say, well not always, that to admit your mistakes cuts down on you making them again. That is the purpose of this post and video. No matter how long you have been trading, there will be times that you do something and only later realize you had a brain cramp. Believe me, it is not just rookie traders (hmm, in a way, are we not all rookie traders as we never stop learning? I digress) that do some silly things. I could have simply typed this all out but recording a walkthrough just seemed to get the point across much better. Also, I think it comes across in the video that I am still stunned about what I did but shows how I was handling it.
(Yes, the choice of font for the title clip WAS chosen especially for this video)
UPDATE: The second half of the cramp, at the time of the original post, cost almost a 100 pips of raw profit! In the end, 140 pips.
I have had many many emails about trading pure price action. Pure supply and demand trading. I have to say that given the proper levels, the risk is low, the reward is high and the probability of the trade working out is high. Those are some great factors! This video is going to cover this weeks swing trades on the EURJPY and the GPBUSD.
The GBPUSD trade triggered and fell to the full target for 122 pips. The risk? 35 pips. Not bad reward to risk ratio but the stop was changed and that is covered in the video.
The EURJPY is still in gear. Profit has been taken on partial ( +60 )and stop moved to BE. Reward to risk ratio on this is 7:1 to full target. 30 pip risk.
Feel free to hit the contact tab and send me an email with any thoughts you have.
Swing trading the FX market is a superb way to get involved with this market. For many traders, a more mechanical type strategy may be the way to go. Head over the the UST Blog and check out the numbers that strategy has been racking up. http://www.atradingplan.com/ultimateswingblog
Last week was a pretty muted week for the EURUSD currency pair that I like to day trade. Muted, except for the day I did not trade. Using the full power of the SST, you managed to pull out 100 pips (http://www.atradingplan.com/sstblog) on the Friday which, if trading one standard lot, banked you $1000.00 minus spread. Not a bad day! To some traders, slogging through some tight range trading leading up to Friday would make it a day they would regret missing.
I am sure there are many traders who stood aside on Friday after being frustrated with the previous four days. Now, they were not great days but the week still ends on a high. That is what the SST does very well…cut your risk and even pull out some profit on tight price action.
There is a belief that traders kick themselves more for missing a winning trade then they do for taking a losing one. I can’t remember where I read that but it makes sense when you look at it from a pure psychological viewpoint. Traders will sit there and think of how their account would have grown. How they would have been right ( you do know that is one of the demons…having to be right ). The fact is, if you are still having pangs of regret when you miss a big winner, you are still at risk of losing it all.
There is always another train coming down the track. Unless there is removal of the tracks, you can be assured that sometime soon, another train will be rolling down the line. Trading is the same. You may miss a move, a winner or even a loser but the fact is, the market will be here tomorrow. Having a “scarcity mentality” does not suit a trader very well. The markets won’t dry up and there will always be money available behind the candles ready to join your account.
This is Sunday night as I am writing this. This chart shows a short trade on the EURUSD (the same pair that left the station on Friday). With a 25 pip risk, I entered this trade with a high probability setup. After triggering in, price toyed with my entry a little and then dropped. At +50 pips, I closed half of the position (Blue up arrow. 2-1 reward to risk) and moved my stop to breakeven. With having a free ride now, I have another target way down the curve.
See, there is no reason to beat yourself up if you miss a trade. In fact, there is no need to curse yourself for taking a loss. Another train is gearing up to head down the line and if you follow a sound trading plan, strategy, psychological handle, there is no reason you can’t be on it.
I just wanted to update the trades that were posted here on Feb 25, the post below.
The AUDJPY was stopped out at 83.53 for an extra 48 pips on the trade which brings the total pip count on that short to 150 on partial +48 on partial for gross 198 pips. Was it a great exit? In hindsight, no. Price broke my stop then dropped. However, this trade was held over the weekend and the stop was in a great technical area using price. It could have easily kept the rally north going. As it is, the entire setup was not a higher probability setup given where the setup occurred. This pair is currently tracking sideways and I believe that it is better to be out then sitting through the current action.
As for the EURUSD short. As per the last post, there was a scale out of 77 pips. I didn’t move the stop which saved me from the move up. However, the market is toying with this level and in the end, was stopped out on the second position at 1.3871 serving up a second position loss of 48 pips. Total haul on this trade was 29 pips.
Post Trade Analysis
In the end, these two trades are fine for me except for the area I shorted the AJ. Sadly though, the AJ spiked down to my target area just missing by about 20 odd pips and went north so I was clearly on track with the setup. Somethings, well in trading most things, are out of your hands. There was no price point to really move the stop on the EU. I could have dropped down a timeframe but to keep it simple, I manage from the daily. Even the 4 hour EU didn’t serve up a great spot and basically showed the original position for the stop. All in all…..no stress trading using pure price.
While many traders are interested in the short timeframe trading style, you can pick up the SST which is a great intraday strategy. There is a price plan so you can pay out over time. With the guarantee for the SST, serious traders may want to take a spin. Here is the link: http://www.atradingplan.com/sstown
I have had quite a few emails regarding the Ultimate Swing Trader by Netpicks.
Enjoy this video that goes over all the details you need to know about this strategy that enables you to swing trade everything from stocks to forex http://www.atradingplan.com/ultimateswingtrader
