so where's everybody joining us from
tonight or today I should say depending
on where you're at it's always fun to
figure out wherever is call or join us
in from could we get people from all
over the world
nicolas from california florida buffalo
jason des des moines brian melbourne
australia george
london uniting down fort lauderdale
frankfurt germany South Africa East
Texas San Antonio Texas from marrying
our being the Arizona desert on solar
awesome Patrick South Africa Cape Town
Neil Barnard there's a couple people
that are in the membership from there um
Perth Western Australia Australia
Oklahoma England Michigan Seattle
British Columbia Atlanta Georgia Germany
Panama UK yeah see we have people coming
all over the place if I didn't say say
yours I apologize there's just hundreds
of things coming through really fast so
it's hard to keep keep up with all of
them well thank you all for coming out
I appreciate you taking time out of your
day to spend with me whenever I do a
webinar wherever you're taking time out
of your day to come listen to me talk I
always want to try to make sure I teach
you something I'll make sure that you
leave here with information that you can
turn on and start and implementing in
your trading as soon as well Tuesday
because markets are closed on Monday so
my next question for you guys is why are
you all here what made you want to come
out what made you want to join the
webinar see what we're talking about
wanting to learn something new when to
learn about price action wanted to
improve your trading Wolfgang rich want
to learn the deal excellent
you want to learn how to trade with no
indicators well you're in the right spot
that mark we're going to be talking
about trigger without indicators so for
those you that don't know me my name is
Thomas wood I'm the director of trading
operations at Basecamp trading we'll go
ahead and get started today
I will be talking about fundamentals of
price action and how price action and
and what you're going to learn today can
actually help increase your consistency
and smooth out your equity curve no
matter what type of trading you're doing
so you can use it alongside of your
trading plan that's are already using
them now before we get started with the
good stuff we got to go through the risk
disclaimer I'm trader investing carries
a high level of risk and not suitable
for all persons before deciding trader
invest you should carefully consider
investment objectives level experienced
ability to tolerate risk this content
subject changed in time without notice
and provide for the sole purpose of
Education assistance making independent
investment sessions Basecamp Transcom is
taking refill measures to ensure the
accuracy of the information contained
herein however basic entry and comments
not guarantee its accuracy is not liable
for any loss or anyone's majors walk
directly or indirectly from such content
from the ability to access such
information or any day in or failure of
the transmission or easy structure
notification intention there with any
pass for instruction for illustration
example only our hypothetical and as
such have millionaire annotations no
presentation is being made in the
account will err is likely to achieve
profits or losses summers are shown past
performance not necessarily make your
future results so as a mouthful he said
there you said I wouldn't miss any
webinar you do I appreciate it thanks
have you counted how many times I've
read that and then Wolfgang that's
probably been a couple thousand and then
along the same lines we are required to
show you CFTC rule four point four one
and this is basically saying
hypothetical disclaimer if we're showing
you examples from the past obviously
there's no guarantee let's go into
having in the future now that being said
I never teach anything that I haven't
traded or don't trade live with real
money myself okay so I believe they work
we use them every day than trading room
all the concepts you're going to learn
today
so with that being said this is me
introduce myself I'm the guy this is my
beautiful wife Dora and our dog Merlin
and one thing everybody always says when
they see me as a go wow you're really
young and I yeah I mean I'm a little
younger but I have been trading since I
was about 13 or 14 years old with real
money and I've already spent more time
trading then most people will in an
entire lifetime right I got started in
this industry the whole reason I came
into the education a part of trading was
because when I was younger and the
person that got me started was my dad
okay
and he actually subscribed to
quote-unquote gurus out there and lost
thousands and thousands of dollars
following these people and doing what
they told him to do and it just irks me
I thought that just wasn't right so my
goal is to become the exception to the
rule I don't want to be like all the
other gurus I don't want people just
come in and blindly following me I kind
of want to take the wallstreet Kurt and
peel it back and say look it's really
not that difficult and that I can
actually really help you learn how to
rate so that's what my goal is that's
the whole reason I got into this
business as opposed to going and working
at a bank or at a fund or something
which I've also run funding and process
set up another one but that's a story
for another time
so where are you currently with your
trading okay you're in one of three
categories alrighty
you're either losing money breaking even
or making money period one two three
which one are you if you look at your
trading over the past year or however
long where are you currently at Graham
you're breaking even making money Andhra
is making money rich break even plus a
little Jose even losing a break even
making a little bit making a little bit
breaking
losing losing losing making money but
you want to make more making money I've
gone from one to three the deal Dave
breaking even still paper trading that's
good I always tell people look when
you're getting started it takes time
learn it simulated don't go lose a bunch
of money trying to just jump in live
right off the bat learn simulated once
you can get consistent with simulated
then you go live not confident enough to
trade losing and losing making money
take seat
making way this month thanks to your
training good deal Stephen making money
paper trading losing dude enough
following a plan well yeh gotta follow
your rules let me tell you a story about
Dave alright when Dave first became a
member of base camp trading community
this was a little over a year ago he's
actually in here right now
um he's now somebody that would consider
a friend and he actually works with us
but when he first came in his equity
curve used to be one of those one step
forward and two steps backwards type of
equity curves where you continually just
go downhill okay and he said when he
came to us and he started working with
you with us he told me he goes I've
studied trading more than anything else
in my entire life
and I've never failed to anything
throughout my entire life I literally
have built multi-million dollar business
from the ground up with a five thousand
dollar credit card but trading it is
just vexing the heck out of me because
it seems like the harder I try the worse
I do how many of you are in a similar
type of situation where you go look I've
always been able to be successful I've
always been to make money or achieve
whatever I set my mind to but then when
I got into this trading game it seems
like the harder I try just the faster I
go downhill yes I am yes absolutely me
Benny Scott Marvin Jason John Jason
Steven Trevor
Patrick Dennis Andre Scott must an said
Lee yeah so it it happens and the thing
is is you guys think about trading
differently because if you think about
something like well let's just use this
for example if you're trying to lose
weight all you got to do is
Carter well with trading if you work
harder and you're digging a hole and you
work harder all you end up doing most
the time is digging that hole faster and
blowing up your account so I always say
one of the worst things that can happen
for new traders they come in they start
making money and then they lose a whole
bunch of it and they dig a hole in a
sedge is stopping trading for the day or
for the week they go you know I can get
myself out of this hole and they end up
doing it and they pull themselves back
up out of the hole that they were in
because then they think oh I can do that
and then all of a sudden next time they
tried do it they end up blowing up
everything so how many do you have an
equity curve somewhere to this and this
is an individual named Sam he uh he sent
me this is his equity curve or this was
one of his equity curves I'll show you
what his equity curves look like now but
how many of you in your day or your week
or your month with an equity curve that
looks something like this where you're
doing pretty good I mean you can see
here at one point he was up 526 percent
and then all of a sudden it was just
downhill from there and it collapsed and
he blew up the accountant he sent me
several of these that he had blown up
his accounts previously and like I said
at the end I'll show you what his equity
curve looks like so how does it make you
feel when you are looking at your
account equity curve and go what the
heck am i doing maybe a large part of
what you are planning on doing in the
future relies on you being successful
with your trading and if you don't end
up getting this right if you can't get
the trading part down you're not going
to be able to achieve or do the things
that you want to do so once you think
about what's the lack of trading success
actually costing you it's costing your
family time emotional or financial
stress is it making you so that you
can't go out and and do the things that
you want to do because you don't have
the money or the freedom to do it so
when does it get to the point that
you're willing to actually take the next
step and make a change
one of the things I see happening all
the time with traders especially retail
traders as they come in and they decide
you know I'm going to be a trader and
they just put money in account and think
they're going to go out and take on the
world but it's easy and they don't take
the time to actually get the proper
knowledge and learn how to do this the
right way and they end up having equity
curves that look like this and that's
the problem that a lot of traders just
like Dave because just talking about
face today
all right and one of our missions one of
my missions with base camp trading is we
want to change your long-term habits
change your behavior patterns and change
your futures because it's not an
overnight fix it's not to flip the
switch and now you're gonna make money
it's a long-term commitment all right so
why are we different than other
educators what are we trying to do well
one thing we we heard from the thousands
of people we worked with from around the
world is the traders come in and they
get overwhelmed like you confuse or they
get frustrated because they've lost
money and they don't understand how to
consistency how to get that consistency
part where they go yeah I've made money
for a little while and all sudden it's
just boom it's all gone
so what we did is we created what we
call the summit framework and that's
going to help you as traders move along
from losing money to consistency and we
understand it's not just to go out and
do it but that it's a journey all right
you need a guide an emu long term
commitment and that's what we're here to
do is help you with that long term
guidance so we do that by taking you
through the three pillars of the summit
framework the first one is Basecamp and
in Basecamp you get acclimated that's
where we have the acclimation course
what you do in acclamation is you're
going to learn the fundamentals of risk
management you're gonna learn the
fundamentals of how you trade of how the
markets move fundamentals of options
fundamentals of futures you learn how to
keep a trade log in a trade plan and how
to get a set of rules that you can
follow then you're going to move on to
the ascent and then finally into Everest
and the ascent is where you're going
okay I know the fundamentals I know the
basics so I have that strong foundation
to build on now let's start learning
some more strategies and some more tools
that I can be using to then go forward
and trade
and then lastly you move an avarice and
that's where you're like okay I know all
the strategies that you use I have all
my family my foundation is strong let's
start trading live and let's start
making money and tweaking my system to
get to the point where it smoothes out
my equity curve as much as possible from
lower left to the upper right not the
end of the webinar today I'll show you
how you can take the next step and by
the end of the webinar you're going to
have a pretty good idea of whether or
not Basecamp trading is a good fit for
you if it's not no problem at all I
always tell people there's hundreds of
ways to trade the markets okay but for
those of you that say yeah I'm ready to
take the next step I'll tell you how you
can move forward with working with us
and moving through the summit framework
all right so what are you going to learn
today what are you gonna learn like I
said I always try to teach people stuff
when they come in they're gonna spend
time out your data come spin with me
I'm going to try to teach you something
and help you out so we're going to talk
about defining trends no matter what
market you're looking at no matter what
time frame you're looking at we can
define whether or not a market is in one
of three stages that are going to be an
uptrend a downtrend
or consolidation / reversal so I'll show
you how you can determine that or talk a
little bit about how indicators can
cloud your judgment because one thing
that happens as traders come in like oh
yeah I just went to this webinar and I
bought this indicator from this guy and
he told me it was going to help me make
thousands of dollars and then Austin I'm
just losing money or I have 20 different
carries on my charts and I can't really
tell what the heck's happening some of
them are saying buy some of them are
saying sell and then lastly we'll be
talking about price action trends and
how you get into them where you enter
where your stops go okay or one of the
ways to enter them so today we're going
to cover all this stuff and you can take
it and you'll be able to apply it to
your trading on Tuesday but we realize
that ultimately real change only comes
from a long term relationship you don't
put a band-aid on a sinking set ship
okay you pull it out of water you fix it
and then you start moving forward so the
main thing we're going to be discussing
is what I call naked trading all right
so what is naked
trading no it doesn't mean trading with
your clothes off it means trading based
on the price action itself so trading
based off of what the chart is telling
us we don't have to have any indicators
you don't need any caters to see naked
trading setups we're going back to the
basics back to the fundamentals because
if you think about it basically all the
indicators out there based on price
action so why not just learn how to read
the price action itself and one thing I
had one guy that came in here and he's a
professional trader okay this is what he
does for living he's been doing it for
20 plus years he goes look I never had
the definition of a trend explained to
me in the way that you explained it in
naked trading and that has been
game-changing for my trading I was
already profitable but I applied that to
my existing strategy and I'm making
almost twice as much as I was before all
right so what is the definition of a
trend well the way I like to explain it
is you look at it kind of like a math
problem blank plus blank equals blank so
let's say we're looking for an uptrend
if you're looking for an uptrend that
means we need to have a higher high and
we need to have a higher low so higher
high plus higher low equals uptrend
now when I say higher high and higher
low what am I talking about
when we're discussing highs and lows
we're talking about pivot points so a
pivot point is a turning point in the
market so if we're looking at higher
highs and higher lows it needs to be
something like this where we're going
this high is higher than that high this
low is higher than that low this higher
than that high this low is higher net
low so we're higher highs and higher
lows
okay so uptrend higher high plus higher
low a downtrend is lower high plus lower
low equals downtrend so what does that
look like the exact opposite again pivot
points turning points in the market
lower highs lower lows we say this low
is going to be lower than that one
this one's lower than that one
therefore we're lower highs and we're
lower lows and we're in a downtrend now
just like a math problem all right if
you do not have if you lose one side of
this for example if we're looking for an
uptrend and we have a higher high but we
do not have a higher low then this is
not true higher high does not equal
uptrend you have to have both halves the
equation so if we're looking at this
chart here is trending lower and then
all of a sudden we come down and we do
this all right as of this point right
here are we in an uptrend based on what
I just told you because we put in this
higher low no absolutely not
you got it why because that's one half
of the equation so when does a trend
change the trend changes after we come
up and break through the previous pivot
high now as at this point we're good to
go because we have a higher high and a
higher low so now you're back in an
uptrend okay making sense so if we look
at a market this trending up
and we go and we do this we break down
to a lower low are we in a downtrend
have we entered into a downtrend as at
that point you got it absolutely not why
it's 1/2 the equation we have to have
the lower high as well once we get that
lower high let me say ok lower hi there
lower low here now we're in a downtrend
so keep that in mind you have to have
both halves of the equation in order to
equal a trend and the market is trading
at all times it's going to be a 1 of 3
stages
it's either going to be uptrend
downtrend or consolidation / reversal
alright when we want to be trading we
want to be trading one of markets in a
trend we want to be avoiding one it's in
consolidation reversal make sense so
let's move on take a look at what this
looks like so this is bonds on a 500
tick chart now it's important to note
that the trend is dependent upon the
time frame you are analyzing so we may
have a 500 tick up trend and a 240
minute or a 30 minute downtrend all
right so the trend is dependent upon the
time frame that you are looking at so if
we look at this chart this is 500 tick
bonds throws you there been the trading
room with me you know my favorite time
frame for bonds is a 500 tick chart and
this is why because they trend so very
well so let's take a look
start on the left hand side we'll say ok
we have a low down here then we have a
high up here they have a higher low and
we have a higher high ok because the
sign is higher than that one this low is
higher than that one got arrows going
everywhere see you higher high higher
low so according to the definition of
trend where's the trend is at that point
you should all know it higher high plus
higher low equals uptrend you got it we
have both halves the equation so let's
keep on looking at the pivots high or
low higher high higher low higher high
higher low
hi hi hi hello hi hi hi hello hi hi hi
hello hi hi hi hello hi hi higher low
and we put in a lower high right here so
does it turn change right there no trim
does not change when does it change when
we break through the pivot low right
here as of that point now we're in a
downtrend because we have a lower high
and a lower low but this entire space
here that is all one single uptrend okay
and one thing that happens with too many
traders is they see something like this
they go oh goodness the trend is changed
and it's going back down but in all
reality all we do is come back down and
retag retouch the previous pivot low it
never broke to a lower low it never put
in a lower high and then it just kind of
slowly trickle back up and start turning
again okay pretty simple right pretty
easy so far let's keep going this is
crude oil on a daily so start on the
left hand side the chart low high higher
low higher high where's the trend we are
in an uptrend why higher highs higher
lows let me go another higher low
another higher high another higher low
another higher high so this whole thing
here is an uptrend now I want you guys
to notice we're not getting caught up on
these little blips these little small
retracements they do not matter what
we're looking for are the major pivots
these big pivot points that's telling us
where the trend is so don't get caught
up on the small stuff it needs to at
least retrace for several price bars
alright then what happens we come all
the way over we break to a lower low
does that change our trend
nope absolutely not you guys are smart
you got it it's a lower level it's one
half of the equation when do we change
trend trend changes as of about this
point right here now we're in a
downtrend because we have the lower low
and as of about that point right there
we now have a lower pivot high we're in
a downtrend we go lower low lower high
lower low lower high higher low higher
high all right now this is important so
the first thing you do when a trend
changes the very first thing you do when
it rain changes is you're going to draw
what we call the line the same and we're
going to revisit on this in a minute we
talked about actually entering the
trades but for now what I want you to
know is when your trend first changes
you're going to connect the two previous
pivots that's gonna be your line in the
sand okay same thing goes up here we're
on trend line going like this if very
quickly after you draw that line of sand
it comes up and it breaks it or in this
case comes down and breaks it then we
automatically resume the initial trend
all right again we're going to revisit
this in a second but I want you to see
this because this is a good example of
that so we go down up higher low higher
high we change the trend we'll draw our
line in the sand we break that line of
sand automatically back into a Down
trend and we go lower highs lower lows
lower highs lower lows all the way down
all right do you use a 500 tick chart on
all of your charts no I do not Robert
but on bond specifically that's my
favorite time frame okay here's Apple
this is on a 500 tick so starting
left-hand side of the chart we have a
low down here and a high and a higher
low and a higher high and a high or low
and a lower high and then lower low and
lower high and lower low lower high and
lower low or high we go into a downtrend
now right here we pop up and we break
through that high does not change trend
right the other thing I want you to
notice here
is we have a pivot high here and every
time this market breaks through it it
leaves a long way to the upside and
pulls back down close to blow it breaks
through it again pulls back down close
blow it breaks it again pulls right down
closes below it what's that telling you
what that tells us when a market is
breaking through support resistance and
it's leaving a long wick below that or
above that it's tell us there is a lack
of willingness for that market to rally
and to watch for reversal okay that's
what you get here same thing happens or
ever here we had a pivot low
breakthrough close above breakthrough
close above and then you get the bounce
all right most it's showing you a lack
of willingness for that market to follow
through so we continue down with lower
lows lower highs then over here we turn
around we break through this pivot high
and we put in a higher high that does
not change a trend correct because it's
one half of the equation yes this is a
doji now the one thing I want you to
notice about this is after it breaks
through this market pulls back and
retest once support of resistance has
been broken it is good for a retest it
switches rolls and this is what we call
a last kiss where it breaks through
pulls back retest previously broken
resistance now is support and then
accelerates away if you're entering on a
last kiss it needs to break pull back
and we go to enter after it retests and
then breaks the previous bars high so it
has to retest first then it has to break
the previous bars high for a long or it
has to retested and break freeze bars
low for a short and then we go along
with our stop blow to low so in this
case you'd be long here stop little low
looking forward to continue higher all
right
let's take look at one more example then
we're going to move on so this is the
euro US dollar by the way I'm showing
you a lot of different markets on a lot
of different timeframes like I said you
can apply this the reason that this is
so good in my opinion is you can take
this and the way that you analyze a
trend and you can apply it to any market
in any time frame whether it be Forex
futures equities doesn't matter all
right
whether you trade a daily a weekly a
5-minute or a 500 tick doesn't matter it
all applies the same so start in the
left hand side have a pivot high a pivot
low this low is lower than that low back
there so we have a lower low then we
bounce we put in a lower high so as of
breaking down here we're in a downtrend
lower low lower high lower low lower
high lower low lower high higher low
higher high change to an uptrend now
what did I say the first thing we do
when we when we change trend so we draw
a trendline there it doesn't break it
all right
it took it moved too far away there's
this big open space in the middle so
that reminds not valid we draw out here
all right it does break it so this would
technically have been a potential short
now what is the first test for those you
that have been trading with me or been
in mentorships and stuff with me you
know the answer to this what's the first
test when we break through the trendline
the first test is the previous pivot low
the the middle pivot on your trendline
can it get through that if it doesn't if
it goes down and stalls like it hits it
here and then bounces close your trade
and look to re-enter after it breaks the
support okay and this is why because
sometimes they'll come down hit that and
reverse back up and stay in an uptrend
so in this case we went higher low
higher high we pulled down couldn't
break through the low here put in
another higher low and just continue
with the uptrend higher high higher low
higher high higher low higher high all
the way up until we go into
consolidation then up here at the top
why is this consolidation well if the
definition of a trend is higher lows and
higher highs and right now we have lower
highs and we have higher lows we don't
have a trend we have compression we have
a squeeze we have a channel we have
consolidation looking for a breakout
okay definition of a trend doesn't
change it has to be higher highs higher
lows or it has to be lower highs lower
lows alrighty so let's continue on how
do we enter into a trend now we
understand what the definition of the
trend is we understand higher highs
higher lows equals uptrend lower highs
plus lower lows equals downtrend first
step we do after trend changes is draw
that line in the sand
the first test after Alliance and is
broken is can we break through the
previous pivot low or pivot high you
heard about last kiss once support
resistance has been broken and then
changes roles okay now let's talk about
entering into the context of a trend one
of the my favorite ways of entering is
using what we call breakout okay where
we watch for a entry a break above the
high or below the low of the previous n
number of bars back and you enter after
the retracement has started this is just
one way of basic
buying into dips ok so what do I mean by
my breakout logic what I mean is if this
trend is going if this market is moving
like this and each one of these lines is
a price bar let's say we're in an
uptrend alright and we're pulling down
if we're doing a two bar breakout for an
entry we're going to two bar breakout
for an entry that means it needs to
break the highest high of the past two
price bars to go long so the height of
that bar would be here so this is bar
number one and bar number two so if this
comes back up and it breaks through this
high then this is our long our stop goes
below the low alright that's what we
call breakout logic or using it to enter
it's in the context of a trend so we
look to enter after the retracement has
started or trying to buy the dip or buy
the retracement after it starts to
resume the trend so we do not buy it
while it's pulling down in an uptrend we
don't sell it while it's climbing in a
downtrend we wait for it to have climbed
and then start coming down all right now
obviously nothing is a hundred percent
guaranteed the other thing I want you to
keep in mind is with a trend all right
your trend kind of works like this
where's my mouse at there we are so
think of it like a graph
so this is time down here and this is
probabilities of success probabilities
of a trend continuing all right at the
start of the trend we're about right
here as that trend first starts moving
it goes like that and then as time goes
on the further that trend gets extended
the further veteran has run the lower
the probabilities of continuing so keep
that in mind if we're looking to buy a
trend that's been going on for forever
the probabilities that trend continuing
are much lower now it doesn't mean that
the trends going to reverse but does
mean the probabilities of it going into
consolidation are much higher so we want
to be getting in ideally within the
first couple of retracements after a
trend changes alright so let's take a
look at what this looks like
using breakout logic so this is that
30-year bond chart remember so we're low
high higher low higher high right so
we're in an uptrend now as of this point
we're saying uptrend so we're looking to
go long so how do we know one question
that a lot of people ask is how do we
know when a retracement has started well
all you got to do is look at when the
market starts pulling back against the
trend if it's an uptrend and it starts
going down you're starting a retracement
all right so it starts to retrace and
we're using to bar breakout logic so it
has to break the high you can either do
two or three bars break a logic has to
break the high of the past two or three
price bars so if you're doing two bar
breakout logic you're going long there
with your stop below the low I'm looking
for the turn to continue next for trace
what happens here to our breakout logic
would be long here stop down here
alright and you stay in it as long as
your trend stays intact again we're
looking this is a trend trading strategy
okay now if you are if you are looking
to trade multiple contracts and you want
that initial profit to lock in what you
can look for is a retest of the previous
pivot high for one half profit and then
let's your second half run or you do
like a one or a two bar trailing stop
for the first half alright but this
right here is well we don't want to use
a 1 bar breakout because you get too
many false signals so by waiting for at
least a 2 or 3 bar breakout you have a
higher probability of success so would
have been entry number 1 right here
richer number 2 right here entry number
3 right here entry number 4 right there
entry number five
entry number six entry number six what
happened a lot looser why remember that
graph I was showing you the
probabilities of success remember we
want to be getting in at the start of
the trend not on the tail end of the
trend the further the trend gets
extended to lower the probabilities of
continuation let's take a look at
another example this was that crude oil
truck low high higher low higher high so
we're in an uptrend we look for
retracement your first entry is here
there's your stop out second entry is
here
there's your stop nice runner now why is
this important again nothing's 100%
anywhere that comes in and tells you
that trading is 100 percent that have a
way to to make money all the time
they're lying to you ok run away as fast
as you can just going to lose a bunch of
money but it's probabilities game and in
order to be successful in trading you
have to draw a balance between win
percentage and the number 1 ratio
reward
to risk so what's the reward risk well
if this is what our average losses look
at what even if we were just doing half
profit target our half profit target is
at least twice that big and again you
have to draw a balance between how often
you're winning and how much you're
making on your winning trades versus how
much you're losing you're losing trades
now again this is just one way of
trading within the context of trying to
talk about another way here in just a
minute
we'll go over a couple more examples
here so in this case we'd have a long
here stop low low again this is just
using a 2 bar trailing stop all right
look for the tradesmen you'll be long up
here stop a little low it runs into the
highs and starts turning around you're
going right back out we shift trend look
for the retracement a 2 bar break
doesn't happen till up here so you'd
sell here stop here here's our tradesmen
to our break sell here
stop here against this is a really
simple way of just internal retracements
but this is why you had to learn the
definition of a trend first because you
have to apply the definition of a trend
and understand which way the mark is
trending based on retracements based on
pivot highs and lows before you can even
consider trying to enter into the trade
one of the number one things you can do
in my opinion to increase the
probabilities of success and become more
consistent is to try it as apply a
training based filter to your strategy
whatever training strategy you're using
just say I'm only going to train the
right side of the trend and wait for the
training shift before you get in don't
jump the gun all right
I'm will go ahead and skip over this one
last example and they're going to move
on to the secondary type of entry
alright so we've talked about train
identification we've talked about
retracement entering on retracements
using breakout logic now we're going to
talk about a breakout strategy using
that line in the sand we discussed so
remember the first step just to recap
the first step we take after a trend
changes as we draw a trend line across
the two pivot highs across the two pivot
lows this trendline then becomes
our line in the sand and we look for a
continuation of the original trend if
that line is broken all right now where
the retracement strategy is designed to
get us into a trend and try to catch a
big move catch the rest of the trend
we're entering on retracement this
breakout is designed for just that it's
a breakout so we're getting in the
market should rip our direction very
quickly and we're going to jump right
back out so we're not trying to stay in
it for the long haul that makes sense
so if our line the sand is broken then
we say that the market has had what we
call a micro trend where a short-term
counter trend move before accelerating
in the direction of the original trend
alrighty so let's take a look we can
look for trend identification we say
we're an uptrend this is that bond chart
again we're going to look for a lower
pivot high within the context of an
overall uptrend draw our trendline and
turn the break stop below previous bars
low we get our initial surge chill and
stop and you're out so all we're looking
for is that initial breakout in that
initial spike all right here's Apple
this is on 30-minute price chart
starting left-hand side of chart give a
low down here and then a high and we
have a higher low here we break to a
higher high so as of that point as at
this point here we're in an uptrend this
one 30-minute price chart so within the
context of this uptrend we then go low
high low so technically we change to a
downtrend what do we do line thus and
break through the line Stan there's our
long stop little below the previous bar
accelerate higher let go okay let's look
for the trim to continue higher high
higher low
higher high higher low lower high again
so do we do draw a trend line break the
trend line here's our long stop a little
low here's our acceleration higher
showstopping you're out again this is a
dip
trading style than the initial breakout
strategy we reason for entries all right
this is looking for that snap move that
very quick reaction jumping our
direction
alrighty here's another example this is
the cable British Pound u.s. dollar on
daily overall which direction is the
trend moving should all know it overall
in a downtrend let me put in a higher
low here so we would draw a trend line
going up and across this low here's our
break for the sell here's the
acceleration then we bounce again
another higher low draw a trendline
here's a break the last kiss and the
acceleration and then we have this
really big trend line so remember the
more significant the pivots and this is
all stuff by the way this is these are
this is this up that we talked about in
the training room the more significant
the pivots the larger the reaction you
guys understand why this is a smaller
pivot this is a smaller pivot and this
whole thing here is a major pivot you
guys see how that works
significant pivots caused a significant
reversal in price action a big move
minor pivots are just small reversals on
price action okay here's the major trend
line break it sell on the break stop
above previous bars hi sorry lower
trailed stopped and you're exiting over
here same thing happens yet again down
up higher low draw trend line break it
so rapid acceleration trail stop out now
one thing I want you to notice with
every single one of these setups as soon
as the market breaks the trend line you
get that snap reaction it starts to run
one thing I tell people is you've got to
you've got to learn how to set it how to
have expectations on how a trades should
behave we expect if we're using this
strategy we have expectation the markets
going to have a very fast reaction and
immediately start running our direction
if it does not if it triggers and then
it just kind of hangs out for a couple
of price bars just go ahead and get out
of trade it's alright to close a trade
with a two or three tick gain or a two
or three tick loss if it's not behaving
correctly you hear me in the trading
room all the time saying this trades not
moving right be careful that normally
means trailer stop right up behind it
it's either going to run or it's going
to stop us out do the same thing you
apply it to any strategy you're using go
back and look at historical price
patterns look at how it worked
previously and get an expectation on how
the market should move all right let's
continue on here's crude oil this is why
I said we'd revisit this so remember our
trend shifted to a downtrend right here
and these are all trades that we talked
about this is when crude first broke out
of so if you go back and you look at the
major move we had in crude couple years
ago right the major move we had it was
all from a consolidation breakout based
on what you're learning right now and
I'll show you that remind me at the end
up pull up the weekly chart I'll show
you what it looked like and so I mean
you can look at any timeframe the larger
the timeframe you're looking at the more
fierce or bigger of a reaction we expect
okay so remember as at this point we're
in a downtrend then within the context
of that downtrend we go higher high
higher low draw a trendline here's our
short stop above previous bars high
rapid acceleration first target hit with
that trailing stop drilled stop is using
like a 2 bar trailing stop okay actually
two bars trailing stop when they got not
until over there but still same price
then again
we have higher low within the context of
overall damage downturn your market draw
our trendline here's a break now what is
this right here we'll see how many of
you were paying attention
Lee Jason Jamie Wolfgang Connie Michael
David P Q you guys got it it's a last
kiss remember once supports broken it
then retests when do we enter after it
retests and then breaks the previous bar
as low stop above the high rapid
acceleration
once again higher low draw a trendline
rapid acceleration trail stop which
still have unit windows down here now
the thing that's important I want you
guys to see about this so here's our
cell this is our risk our exit remember
is down here so if that's our risk this
is our return in this case cell stop
this is our risk or if you're in turn
over here stop this is your risk exit
would have been down here about a 1 to 1
on the second one third one cell stop
this is your risk your exit is way past
down here it's all about that balance
between reward risk and percent win okay
the trailing stop rule is just using the
break out logic we talked about earlier
the break above n number of bars high or
below in number bars low so this is just
a two bar trailing stops so you trail
behind two bars ago so it has to break
the high of the past two price bars to
get you out in this case it does that
over here in this case you would have
been right back out it even and then
back in then again on the bear flag or
on the last kiss and out again over here
and this one you would have still been
that all a down alright so this is what
I want to show you what some of our
members have been saying about their
experience with base camp trading and I
with a naked trading there's no gray
area it's either there's a set up or
there is not a set up very
straightforward approach to trading and
it makes it simple in a lot of different
rooms on a lot of different sites over
the last four years this is the first
one that I've stayed because of
understanding not just what's being done
here but also the way things are
presented again like I told you
initially one of the things we try to do
with it sets us apart as
I don't want a bunch of people just
blindly following me placing trades I
want you to understand why the trades
are happening and place them yourself so
you can say I know why I took that trade
that was a good setup because of X Y & Z
Thomas information you and knowledge you
give us in this room is the best in the
business and this is coming from someone
who has subscribed and tended to over
100 trading rooms all right now what I'm
going to do for you guys today I'm going
to tell you how you can get into
workshops to learn a whole lot more
about price action trading and this is
what's gonna be covered in them all
right and naked trading part one you're
going to get understanding price action
trends being able to easily identify the
underlying trend in any market you're no
winner markets and consolidation to
avoid the Chop when do most traders get
beat up remember where we talked about
first you want to be trading when it's
trending not when it's consolidating
reversing so we're talk about how to
avoid that chop we're going to talk
about timing entries on retracements
using candlestick patterns trade in the
second break expectations on breakouts
trading reversal patterns for market
tops and bottoms channel breakouts will
the market break higher or lower and
high low and low high reversals
identifying when the markets doing a
head-fake
then you're also going to get naked
trading part two part two is how to move
towards being consistently profitable
smoothing out your equity curve we're
talk about mastering trading psychology
so there's some head stuff you got to
get right before you can really trade
we're talk about fundamentals of calcic
trading for time and injuries we're
going to talk about what candlestick
patterns have the highest probability of
success and then we're also going to
start adding filters I'm not telling you
that indicators are bad
I'm telling you having too many
indicators is bad so in naked trading
part 2 we talk about what indicators do
we want to use how do we use them how we
know if we're getting too many and how
do we apply them as filters we're going
to talk about how use momentum filters
to increase probabilities and we talk
about increasing success but still being
able to have actionable signals because
you can over analyze the market and just
not ever place any trades so you're
getting naked trading part one you're
getting naked trading part two but
because we don't want to just say here's
a workshop now good luck we don't want
just leave you
out there and say good luck on your own
we want to help you with that long-term
commitment that long-term guidance we're
also going to give you a month of
platinum membership and then you know
how I said we always try to start people
off in acclamation at base camp we're
also going to throw in the acclimation
workshop so you can go get those
foundation those fundamental principles
of risk management of trade plan trade
blog now normally all this if you tried
to piece it out and buy it it would be
eight hundred thirty eight and trust me
when I said I had to fight for this
number today we're actually given to you
today for only 147 okay this is only 147
for all of that all you have to do is go
to BCT now.com ford slash FEHB WWDC tnow
comm ford slash feb and you will get all
the above now if you need help if you
can't get to work with BCT now.com ford
slash fab since email support at base
camp training com or you can give us a
call eight oh one eight eight nine two
six nine nine this price is available
for the next 24 hours
okay Platinum membership is normally 147
a month this price is available for the
next 24 hours so if you want this bundle
deal get the next 24 hours now remember
I told you I'd show you some of these
people's equity curves and stuff this is
Dave remember I was telling you about
Dave this is his equity curve now that
is beautiful one of things he said was I
was losing money I subscribed to 50
different quote-unquote gurus and I was
placing 30 to 40 trades a day and
consistently going downhill well he went
to the framework and this is what his
equity curve looks like now one of the
reasons that he's so successful is
because he was able to implement I'll
acknowledge that he learned in the
mentorship and in workshops in the
trading room and he was there asking
questions one of the things we do in the
training room as we guide you through
this stuff step-by-step so you can see
it how do you use more than one
timeframe when determining trend you can
look at a longer time frame to get
overall directional bias and then wait
for a shorter time frame to match up and
then trade the short timeframes
in the context of the larger timeframe
so how many of you feel like you've
learned something in today's
presentation how many of you can see how
the definition of a trend can absolutely
help you how many of you can see how
implementing a proven framework can help
you become more consistently profitable
good deal this is what people are saying
about naked trading thanks times for the
naked trading workshops but bought part
two yesterday and used on bonds today 31
ticks with two contracts negatory
mentorship is the best class I've ever
taken in a two-week period I would
highly recommend it to anyone that is
serious about learning how to price
action moves how to enter an exit thank
you for what you do and all your help
you skate cop and I'll jump between
supporting resistance and I would
obviously get chopped up like hamburger
so I was talking about we got to avoid
that chop it wasn't until I found you in
your room that I have learned to let the
market show me and be ready now remember
I told you about Sam's equity curve
remember he had that one that was blown
up
this is his equity curve now and one
things that Sam told me when he sent me
these equity equity curves he said by
understanding how to trade price action
without anything and that was the key to
my trading the results
knock on wood are almost perfection I've
attached to previous blunt accounts
equity charts plus the progress of last
week and this week I'm so happy with
what I have accomplished so far and yet
more to come
I'm gained back my faith and
strengthened my confidence towards
brighter future soon thank you mr.
Thomas wood for being my path to
enlightenment
yeah Ram you can but you can cancel at
any time if you want and this is futures
down here
this is futures and this is his forex
trading and he says it's all about the
price action from naked trading but it's
not just a man it's not just Dave this
is Lori's equity curve
Lori's equity curve I'll be honest with
you looks even better than mine this is
incredibly good and she's gone through a
solid framework alright and you can tell
that all these
traders they trade differently the
equity curve show they trade differently
but they all come back to the
fundamentals as foundational principles
I was talking about that all trainees as
well there's hundreds different ways to
trade the markets but there's some
fundamental stuff you have to know all
right so again you're getting naked
trading part 1 which end of itself would
normally sell for $300 you're not only
getting that but you're getting naked
trading part 2 which again another $300
workshop plus we're going to bring you
into the membership we're going to show
you how the stuff works every day in the
training room and in the end of day
videos and you'll get access to the chat
room so you can come talk to the
hundreds of other traders that are in
the membership that have gone through
the stuff going hey look it works
alright acclimation you'll also get the
acclimation workshop yeah Williams just
an email because we don't want you to
just come in and not understand
everything because you have to we
believe again we set it up so it's
you're going through a three-step
process you start at acclamation you
start Basecamp so we want to make sure
you're getting access to that all right
that's going to give you the risk
management psychology price action it's
going to give you all those foundation
that you can then build your trading on
all right you're getting all of that not
four eight eight hundred fifty dollars
like normally would be but for once 247
all you got to do is go to BCT now calm
Ford / Feb again that's available for
the next 24 hours so what does this look
like once you get a BCT now calm for it
/ Feb it will bring you to this chart
here all you got to do is fill out your
billing information now make sure you
put in your correct email and your
correct phone number okay that's how
you're going to get access to everything
putting your information complete my
purchase and you are good to go
alrighty so let me show you I told you
I'd show you that crude oil chart yes we
do the question is all those equity
curves look like they're intraday
trading are you issuing recommendations
etc for day
swing trading yes I think we do end of
day videos alright the end of day videos
are all about swing trading they're for
overnight setups trades they'll play out
over the next couple of days so look at
this right here
overall curl and a monthly downtrend
this is where that huge this is what
caused crude oil tank and we were one
top at 100% in the trading room because
of the way that we trade it's just a
textbook setup here's our consolidation
narrowing range we have lower highs plus
higher lows which means compression when
does the big move take place it takes
place when it breaks out and falls to
the floor feel free to tell the group
I'm one of your frame mentorship
students and I've gained a tremendous
amount of knowledge from you and I've
been awaiting for a special price on
naked training course I'm all-in
sounds good Steven great webinar by the
way sir thanks Robert I'm glad you liked
it
I'm and sign up for this thanks a
million sounds good Marcus thank you I'm
signed up good deal I'm sign up now
thanks Bill thanks Robert
thanks mark thanks Chris can show the
S&P in the same context sure let's take
a look at some we'll take a look at a
couple a charts we have a couple minutes
left here might get my screen up so you
want to see the SNP I'm going to turn
this off really quick
which way is a trend
excellent turn this up when did the
consolidation happen if you're in the
tre room where you watch the end of day
videos it happened right here
when did the breakout occur right here
what's this right here
this is the last kiss when do we enter
on the last kiss break the previous bars
hi after into the retest so you're going
long right there with your stop blow the
low and there's your run naked trading
part two starts adding filters to it and
this is even if you have naked trading
part one already this is a cheapest way
that you're going to get access to make
a trade in part two this is the lowest
price we've ever sold make a trade in
part two yeah way down one I'm going to
be putting it up on YouTube I took the
Jerry Turner training course while I
learn more of these negative courses
yesterday would you will we we changed
it Connie from value charts to base camp
trading because we wanted to realign our
outlook with the framework that we're
putting together with the summit
framework
we have so in the Platinum membership
you're going to get access to the
futures trading room and you'll get out
access to the options in equities
trading rooms there's two different
trading rooms plus you're going to get
the end of day videos every day where we
talk about what's the outlook for
tomorrow and what our setups that are
happening overnight what our swing
trading setups internet access to the
weekly outlooks where we talk about what
our weekly setups what's that outlook
for the next week or swing trading steps
on a weekly basis so you get all of
those no this is the same as the
original naked trading these are all
video training courses you can watch
them this weekend each course is about
three three hours long three and a half
so in total this is about nine hours of
training yet Chris we can try get the
replay out to everybody Connie I don't
remember the exact number that was a
couple years ago Janice was young so
acclimation so acclimation is now I told
you we have a three tiered approach we
start off in base camp and then you move
on to the Senate and you move on the
Everest
well base camp is acclimation we're in
the acclimation workshop it's that
foundation all the fundamental things
you have to know no matter what type of
training you're doing so risk management
psychology trading plan trade log how
they relate to each other how you need
to fill them out all that fundamental
basic stuff that gets you to
profitability one thing that amazes me
is I go and I talk to traders and I
asked if they have a trade blog or if
they have a trade plan and they say no
they're just blindly and they're
shooting from the hip that's not how
you're supposed to trade you need to
have rules you're following that's how
you get consistency that's how all the
traders that we work with or a lot of
traders we work with get those
consistent gaining equity curves and are
able to come in and say 90% of that days
I have consistently profitable
yep your membership your membership
starts today it's one month it'll go one
month from when you sign up what would
be the short trigger it would be that
when it broke out of the consolidation
when it breaks the trend line
there's not a PayPal option nope hi
everybody that is it for today though
again all you got to do is go to BCT
now.com ford slash fab BCT now com4
slash feb the price is available for the
next 24 hours again this is the best
price we have done for these and I had
to fight to get to this slow alright
after the after 30 days the membership
is 147 a month if you want to stay
signed up thanks thanks Marcus
cool workshop thanks wolf gang many
thanks thanks green thanks Mike you
registered good deal thanks Bill
you know like I said I always try to
teach you I always want to make sure you
learning something so have a great
weekend everybody the training room
again it'll be open on Tuesday so open
up Tuesday closed on Monday because
markets are closed through the holiday
so how good we can hope you guys enjoyed
it and until next time happy trading
everyone