Hidey Ho Traders,
Been a bit since publishing a video but thought it was time to show some of the specific setups I use every day in my trading. Keep in mind these are some of what I use and you have to use what clicks for you... Got a little wordy but I think there is good info to be had so no apologies. Had a choppy, junky action today but if you were nimble and just follow the signals there was plenty to be had even if you are not "Johnny on the spot." Summary is; know your plan, memorize it until you see it in your sleep, practice, practice, practice and apply it over and over... Just do it already!
Waited and waited today and the market about wore me out. It's important to not let fatigue pressure you into a trade (voice of experience here). Wait for that setup and then wait for the profits. Finally had a clean reversal setup, actually the only trade I took today, show up and had the patience to wait it out. Was happy with the nice profits after getting worn out by the slow market but hind site is always 20/20 and my stretch target of 6 would have been hit easy if I didn't call it a day. Well, emotionally I was done after the molasses move and am glad it was over...
Anyway, attached is the video of my trade for your review. This is one of the dandy MTF reversal entries that are really high probability at least for a couple of points fairly quickly, sometimes a LOT more since I'm hitting an absolute extreme... Notice I'm not flipping between charts trying to mentally piece things together and also note the nice alerts popping up that keep me awake. Now there's the power of the MTF indicators and the Combo-View. Boo-Ya!
Hope it is useful to you.
Had a couple of choppy days after the screaming market the last couple of days and thought I'd do an overview on how I kept from getting chopped up, whipsawed if you will, in the chop. The Edge Indicator set kept my powder dry until the tradeable setups showed up. Talk a little bit about the importance of non-correlated indicators an why multiple items lining up offer an incredible edge, might I say a necessary edge for my trading. Hope this is useful to you, if you're so inclined please drop a like in my direction, always appreciated!
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