1 00:00:13,800 --> 00:00:19,779 so where's everybody joining us from 2 00:00:16,000 --> 00:00:22,540 tonight or today I should say depending 3 00:00:19,779 --> 00:00:24,939 on where you're at it's always fun to 4 00:00:22,540 --> 00:00:26,320 figure out wherever is call or join us 5 00:00:24,939 --> 00:00:28,770 in from could we get people from all 6 00:00:26,320 --> 00:00:28,770 over the world 7 00:00:30,810 --> 00:00:37,450 nicolas from california florida buffalo 8 00:00:33,940 --> 00:00:41,160 jason des des moines brian melbourne 9 00:00:37,450 --> 00:00:44,440 australia george 10 00:00:41,160 --> 00:00:46,360 london uniting down fort lauderdale 11 00:00:44,440 --> 00:00:48,280 frankfurt germany South Africa East 12 00:00:46,360 --> 00:00:51,280 Texas San Antonio Texas from marrying 13 00:00:48,280 --> 00:00:55,360 our being the Arizona desert on solar 14 00:00:51,280 --> 00:00:57,190 awesome Patrick South Africa Cape Town 15 00:00:55,360 --> 00:01:00,970 Neil Barnard there's a couple people 16 00:00:57,190 --> 00:01:05,560 that are in the membership from there um 17 00:01:00,970 --> 00:01:10,680 Perth Western Australia Australia 18 00:01:05,560 --> 00:01:16,530 Oklahoma England Michigan Seattle 19 00:01:10,680 --> 00:01:21,490 British Columbia Atlanta Georgia Germany 20 00:01:16,530 --> 00:01:23,710 Panama UK yeah see we have people coming 21 00:01:21,490 --> 00:01:25,900 all over the place if I didn't say say 22 00:01:23,710 --> 00:01:28,810 yours I apologize there's just hundreds 23 00:01:25,900 --> 00:01:32,020 of things coming through really fast so 24 00:01:28,810 --> 00:01:36,010 it's hard to keep keep up with all of 25 00:01:32,020 --> 00:01:38,920 them well thank you all for coming out 26 00:01:36,010 --> 00:01:41,440 I appreciate you taking time out of your 27 00:01:38,920 --> 00:01:43,930 day to spend with me whenever I do a 28 00:01:41,440 --> 00:01:47,110 webinar wherever you're taking time out 29 00:01:43,930 --> 00:01:48,190 of your day to come listen to me talk I 30 00:01:47,110 --> 00:01:50,080 always want to try to make sure I teach 31 00:01:48,190 --> 00:01:51,940 you something I'll make sure that you 32 00:01:50,080 --> 00:01:54,100 leave here with information that you can 33 00:01:51,940 --> 00:01:56,320 turn on and start and implementing in 34 00:01:54,100 --> 00:01:58,659 your trading as soon as well Tuesday 35 00:01:56,320 --> 00:02:00,280 because markets are closed on Monday so 36 00:01:58,659 --> 00:02:02,710 my next question for you guys is why are 37 00:02:00,280 --> 00:02:04,840 you all here what made you want to come 38 00:02:02,710 --> 00:02:09,030 out what made you want to join the 39 00:02:04,840 --> 00:02:09,030 webinar see what we're talking about 40 00:02:09,539 --> 00:02:15,400 wanting to learn something new when to 41 00:02:13,750 --> 00:02:17,680 learn about price action wanted to 42 00:02:15,400 --> 00:02:21,550 improve your trading Wolfgang rich want 43 00:02:17,680 --> 00:02:23,170 to learn the deal excellent 44 00:02:21,550 --> 00:02:24,550 you want to learn how to trade with no 45 00:02:23,170 --> 00:02:25,960 indicators well you're in the right spot 46 00:02:24,550 --> 00:02:30,010 that mark we're going to be talking 47 00:02:25,960 --> 00:02:32,080 about trigger without indicators so for 48 00:02:30,010 --> 00:02:34,630 those you that don't know me my name is 49 00:02:32,080 --> 00:02:37,060 Thomas wood I'm the director of trading 50 00:02:34,630 --> 00:02:39,280 operations at Basecamp trading we'll go 51 00:02:37,060 --> 00:02:42,790 ahead and get started today 52 00:02:39,280 --> 00:02:45,490 I will be talking about fundamentals of 53 00:02:42,790 --> 00:02:47,110 price action and how price action and 54 00:02:45,490 --> 00:02:49,120 and what you're going to learn today can 55 00:02:47,110 --> 00:02:52,300 actually help increase your consistency 56 00:02:49,120 --> 00:02:55,300 and smooth out your equity curve no 57 00:02:52,300 --> 00:02:59,640 matter what type of trading you're doing 58 00:02:55,300 --> 00:03:01,930 so you can use it alongside of your 59 00:02:59,640 --> 00:03:03,640 trading plan that's are already using 60 00:03:01,930 --> 00:03:05,560 them now before we get started with the 61 00:03:03,640 --> 00:03:08,440 good stuff we got to go through the risk 62 00:03:05,560 --> 00:03:09,760 disclaimer I'm trader investing carries 63 00:03:08,440 --> 00:03:11,500 a high level of risk and not suitable 64 00:03:09,760 --> 00:03:12,400 for all persons before deciding trader 65 00:03:11,500 --> 00:03:14,230 invest you should carefully consider 66 00:03:12,400 --> 00:03:16,210 investment objectives level experienced 67 00:03:14,230 --> 00:03:17,470 ability to tolerate risk this content 68 00:03:16,210 --> 00:03:18,700 subject changed in time without notice 69 00:03:17,470 --> 00:03:20,140 and provide for the sole purpose of 70 00:03:18,700 --> 00:03:23,080 Education assistance making independent 71 00:03:20,140 --> 00:03:24,370 investment sessions Basecamp Transcom is 72 00:03:23,080 --> 00:03:25,330 taking refill measures to ensure the 73 00:03:24,370 --> 00:03:27,250 accuracy of the information contained 74 00:03:25,330 --> 00:03:28,570 herein however basic entry and comments 75 00:03:27,250 --> 00:03:29,830 not guarantee its accuracy is not liable 76 00:03:28,570 --> 00:03:31,300 for any loss or anyone's majors walk 77 00:03:29,830 --> 00:03:32,380 directly or indirectly from such content 78 00:03:31,300 --> 00:03:33,970 from the ability to access such 79 00:03:32,380 --> 00:03:35,980 information or any day in or failure of 80 00:03:33,970 --> 00:03:37,870 the transmission or easy structure 81 00:03:35,980 --> 00:03:39,310 notification intention there with any 82 00:03:37,870 --> 00:03:40,690 pass for instruction for illustration 83 00:03:39,310 --> 00:03:42,610 example only our hypothetical and as 84 00:03:40,690 --> 00:03:43,690 such have millionaire annotations no 85 00:03:42,610 --> 00:03:44,710 presentation is being made in the 86 00:03:43,690 --> 00:03:46,930 account will err is likely to achieve 87 00:03:44,710 --> 00:03:48,070 profits or losses summers are shown past 88 00:03:46,930 --> 00:03:51,070 performance not necessarily make your 89 00:03:48,070 --> 00:03:52,510 future results so as a mouthful he said 90 00:03:51,070 --> 00:03:56,070 there you said I wouldn't miss any 91 00:03:52,510 --> 00:03:58,210 webinar you do I appreciate it thanks 92 00:03:56,070 --> 00:04:00,340 have you counted how many times I've 93 00:03:58,210 --> 00:04:04,930 read that and then Wolfgang that's 94 00:04:00,340 --> 00:04:07,180 probably been a couple thousand and then 95 00:04:04,930 --> 00:04:10,540 along the same lines we are required to 96 00:04:07,180 --> 00:04:14,010 show you CFTC rule four point four one 97 00:04:10,540 --> 00:04:16,930 and this is basically saying 98 00:04:14,010 --> 00:04:18,580 hypothetical disclaimer if we're showing 99 00:04:16,930 --> 00:04:20,650 you examples from the past obviously 100 00:04:18,580 --> 00:04:22,750 there's no guarantee let's go into 101 00:04:20,650 --> 00:04:24,280 having in the future now that being said 102 00:04:22,750 --> 00:04:27,130 I never teach anything that I haven't 103 00:04:24,280 --> 00:04:30,940 traded or don't trade live with real 104 00:04:27,130 --> 00:04:32,169 money myself okay so I believe they work 105 00:04:30,940 --> 00:04:33,370 we use them every day than trading room 106 00:04:32,169 --> 00:04:34,610 all the concepts you're going to learn 107 00:04:33,370 --> 00:04:38,850 today 108 00:04:34,610 --> 00:04:43,530 so with that being said this is me 109 00:04:38,850 --> 00:04:47,070 introduce myself I'm the guy this is my 110 00:04:43,530 --> 00:04:50,520 beautiful wife Dora and our dog Merlin 111 00:04:47,070 --> 00:04:52,440 and one thing everybody always says when 112 00:04:50,520 --> 00:04:55,139 they see me as a go wow you're really 113 00:04:52,440 --> 00:04:57,240 young and I yeah I mean I'm a little 114 00:04:55,139 --> 00:04:59,639 younger but I have been trading since I 115 00:04:57,240 --> 00:05:01,979 was about 13 or 14 years old with real 116 00:04:59,639 --> 00:05:04,889 money and I've already spent more time 117 00:05:01,979 --> 00:05:06,870 trading then most people will in an 118 00:05:04,889 --> 00:05:08,700 entire lifetime right I got started in 119 00:05:06,870 --> 00:05:12,570 this industry the whole reason I came 120 00:05:08,700 --> 00:05:15,180 into the education a part of trading was 121 00:05:12,570 --> 00:05:16,560 because when I was younger and the 122 00:05:15,180 --> 00:05:17,100 person that got me started was my dad 123 00:05:16,560 --> 00:05:19,229 okay 124 00:05:17,100 --> 00:05:23,419 and he actually subscribed to 125 00:05:19,229 --> 00:05:26,900 quote-unquote gurus out there and lost 126 00:05:23,419 --> 00:05:29,250 thousands and thousands of dollars 127 00:05:26,900 --> 00:05:33,210 following these people and doing what 128 00:05:29,250 --> 00:05:36,210 they told him to do and it just irks me 129 00:05:33,210 --> 00:05:39,150 I thought that just wasn't right so my 130 00:05:36,210 --> 00:05:40,919 goal is to become the exception to the 131 00:05:39,150 --> 00:05:42,539 rule I don't want to be like all the 132 00:05:40,919 --> 00:05:44,880 other gurus I don't want people just 133 00:05:42,539 --> 00:05:46,440 come in and blindly following me I kind 134 00:05:44,880 --> 00:05:47,669 of want to take the wallstreet Kurt and 135 00:05:46,440 --> 00:05:51,690 peel it back and say look it's really 136 00:05:47,669 --> 00:05:53,280 not that difficult and that I can 137 00:05:51,690 --> 00:05:54,900 actually really help you learn how to 138 00:05:53,280 --> 00:05:56,220 rate so that's what my goal is that's 139 00:05:54,900 --> 00:05:58,680 the whole reason I got into this 140 00:05:56,220 --> 00:06:00,450 business as opposed to going and working 141 00:05:58,680 --> 00:06:03,389 at a bank or at a fund or something 142 00:06:00,450 --> 00:06:04,590 which I've also run funding and process 143 00:06:03,389 --> 00:06:06,389 set up another one but that's a story 144 00:06:04,590 --> 00:06:10,919 for another time 145 00:06:06,389 --> 00:06:13,200 so where are you currently with your 146 00:06:10,919 --> 00:06:15,900 trading okay you're in one of three 147 00:06:13,200 --> 00:06:19,680 categories alrighty 148 00:06:15,900 --> 00:06:22,500 you're either losing money breaking even 149 00:06:19,680 --> 00:06:24,840 or making money period one two three 150 00:06:22,500 --> 00:06:26,880 which one are you if you look at your 151 00:06:24,840 --> 00:06:33,360 trading over the past year or however 152 00:06:26,880 --> 00:06:38,520 long where are you currently at Graham 153 00:06:33,360 --> 00:06:41,520 you're breaking even making money Andhra 154 00:06:38,520 --> 00:06:45,390 is making money rich break even plus a 155 00:06:41,520 --> 00:06:47,099 little Jose even losing a break even 156 00:06:45,390 --> 00:06:47,670 making a little bit making a little bit 157 00:06:47,099 --> 00:06:51,060 breaking 158 00:06:47,670 --> 00:06:54,060 losing losing losing making money but 159 00:06:51,060 --> 00:06:56,160 you want to make more making money I've 160 00:06:54,060 --> 00:06:59,100 gone from one to three the deal Dave 161 00:06:56,160 --> 00:07:00,360 breaking even still paper trading that's 162 00:06:59,100 --> 00:07:02,760 good I always tell people look when 163 00:07:00,360 --> 00:07:04,920 you're getting started it takes time 164 00:07:02,760 --> 00:07:07,140 learn it simulated don't go lose a bunch 165 00:07:04,920 --> 00:07:10,350 of money trying to just jump in live 166 00:07:07,140 --> 00:07:11,820 right off the bat learn simulated once 167 00:07:10,350 --> 00:07:16,260 you can get consistent with simulated 168 00:07:11,820 --> 00:07:18,470 then you go live not confident enough to 169 00:07:16,260 --> 00:07:19,950 trade losing and losing making money 170 00:07:18,470 --> 00:07:21,030 take seat 171 00:07:19,950 --> 00:07:22,800 making way this month thanks to your 172 00:07:21,030 --> 00:07:25,170 training good deal Stephen making money 173 00:07:22,800 --> 00:07:27,570 paper trading losing dude enough 174 00:07:25,170 --> 00:07:29,160 following a plan well yeh gotta follow 175 00:07:27,570 --> 00:07:32,790 your rules let me tell you a story about 176 00:07:29,160 --> 00:07:35,040 Dave alright when Dave first became a 177 00:07:32,790 --> 00:07:36,360 member of base camp trading community 178 00:07:35,040 --> 00:07:37,350 this was a little over a year ago he's 179 00:07:36,360 --> 00:07:40,020 actually in here right now 180 00:07:37,350 --> 00:07:41,490 um he's now somebody that would consider 181 00:07:40,020 --> 00:07:45,000 a friend and he actually works with us 182 00:07:41,490 --> 00:07:46,920 but when he first came in his equity 183 00:07:45,000 --> 00:07:50,250 curve used to be one of those one step 184 00:07:46,920 --> 00:07:52,590 forward and two steps backwards type of 185 00:07:50,250 --> 00:07:56,100 equity curves where you continually just 186 00:07:52,590 --> 00:07:57,780 go downhill okay and he said when he 187 00:07:56,100 --> 00:07:59,190 came to us and he started working with 188 00:07:57,780 --> 00:08:01,050 you with us he told me he goes I've 189 00:07:59,190 --> 00:08:02,910 studied trading more than anything else 190 00:08:01,050 --> 00:08:04,620 in my entire life 191 00:08:02,910 --> 00:08:06,330 and I've never failed to anything 192 00:08:04,620 --> 00:08:08,100 throughout my entire life I literally 193 00:08:06,330 --> 00:08:10,200 have built multi-million dollar business 194 00:08:08,100 --> 00:08:13,830 from the ground up with a five thousand 195 00:08:10,200 --> 00:08:16,290 dollar credit card but trading it is 196 00:08:13,830 --> 00:08:19,200 just vexing the heck out of me because 197 00:08:16,290 --> 00:08:23,580 it seems like the harder I try the worse 198 00:08:19,200 --> 00:08:24,960 I do how many of you are in a similar 199 00:08:23,580 --> 00:08:27,090 type of situation where you go look I've 200 00:08:24,960 --> 00:08:30,630 always been able to be successful I've 201 00:08:27,090 --> 00:08:32,490 always been to make money or achieve 202 00:08:30,630 --> 00:08:35,520 whatever I set my mind to but then when 203 00:08:32,490 --> 00:08:37,860 I got into this trading game it seems 204 00:08:35,520 --> 00:08:42,030 like the harder I try just the faster I 205 00:08:37,860 --> 00:08:45,090 go downhill yes I am yes absolutely me 206 00:08:42,030 --> 00:08:46,050 Benny Scott Marvin Jason John Jason 207 00:08:45,090 --> 00:08:49,710 Steven Trevor 208 00:08:46,050 --> 00:08:54,000 Patrick Dennis Andre Scott must an said 209 00:08:49,710 --> 00:08:55,170 Lee yeah so it it happens and the thing 210 00:08:54,000 --> 00:08:57,270 is is you guys think about trading 211 00:08:55,170 --> 00:08:59,190 differently because if you think about 212 00:08:57,270 --> 00:09:00,420 something like well let's just use this 213 00:08:59,190 --> 00:09:01,540 for example if you're trying to lose 214 00:09:00,420 --> 00:09:04,480 weight all you got to do is 215 00:09:01,540 --> 00:09:07,060 Carter well with trading if you work 216 00:09:04,480 --> 00:09:08,860 harder and you're digging a hole and you 217 00:09:07,060 --> 00:09:10,750 work harder all you end up doing most 218 00:09:08,860 --> 00:09:13,660 the time is digging that hole faster and 219 00:09:10,750 --> 00:09:14,980 blowing up your account so I always say 220 00:09:13,660 --> 00:09:17,410 one of the worst things that can happen 221 00:09:14,980 --> 00:09:18,699 for new traders they come in they start 222 00:09:17,410 --> 00:09:20,139 making money and then they lose a whole 223 00:09:18,699 --> 00:09:23,470 bunch of it and they dig a hole in a 224 00:09:20,139 --> 00:09:25,630 sedge is stopping trading for the day or 225 00:09:23,470 --> 00:09:27,310 for the week they go you know I can get 226 00:09:25,630 --> 00:09:28,839 myself out of this hole and they end up 227 00:09:27,310 --> 00:09:29,910 doing it and they pull themselves back 228 00:09:28,839 --> 00:09:32,470 up out of the hole that they were in 229 00:09:29,910 --> 00:09:37,149 because then they think oh I can do that 230 00:09:32,470 --> 00:09:38,440 and then all of a sudden next time they 231 00:09:37,149 --> 00:09:40,990 tried do it they end up blowing up 232 00:09:38,440 --> 00:09:43,209 everything so how many do you have an 233 00:09:40,990 --> 00:09:47,889 equity curve somewhere to this and this 234 00:09:43,209 --> 00:09:49,630 is an individual named Sam he uh he sent 235 00:09:47,889 --> 00:09:50,889 me this is his equity curve or this was 236 00:09:49,630 --> 00:09:53,769 one of his equity curves I'll show you 237 00:09:50,889 --> 00:09:55,660 what his equity curves look like now but 238 00:09:53,769 --> 00:09:57,880 how many of you in your day or your week 239 00:09:55,660 --> 00:09:59,980 or your month with an equity curve that 240 00:09:57,880 --> 00:10:01,449 looks something like this where you're 241 00:09:59,980 --> 00:10:04,120 doing pretty good I mean you can see 242 00:10:01,449 --> 00:10:06,459 here at one point he was up 526 percent 243 00:10:04,120 --> 00:10:10,410 and then all of a sudden it was just 244 00:10:06,459 --> 00:10:12,430 downhill from there and it collapsed and 245 00:10:10,410 --> 00:10:13,750 he blew up the accountant he sent me 246 00:10:12,430 --> 00:10:15,790 several of these that he had blown up 247 00:10:13,750 --> 00:10:17,740 his accounts previously and like I said 248 00:10:15,790 --> 00:10:21,160 at the end I'll show you what his equity 249 00:10:17,740 --> 00:10:27,220 curve looks like so how does it make you 250 00:10:21,160 --> 00:10:28,569 feel when you are looking at your 251 00:10:27,220 --> 00:10:32,440 account equity curve and go what the 252 00:10:28,569 --> 00:10:33,730 heck am i doing maybe a large part of 253 00:10:32,440 --> 00:10:37,000 what you are planning on doing in the 254 00:10:33,730 --> 00:10:40,510 future relies on you being successful 255 00:10:37,000 --> 00:10:42,100 with your trading and if you don't end 256 00:10:40,510 --> 00:10:44,860 up getting this right if you can't get 257 00:10:42,100 --> 00:10:46,209 the trading part down you're not going 258 00:10:44,860 --> 00:10:48,730 to be able to achieve or do the things 259 00:10:46,209 --> 00:10:50,380 that you want to do so once you think 260 00:10:48,730 --> 00:10:52,329 about what's the lack of trading success 261 00:10:50,380 --> 00:10:54,670 actually costing you it's costing your 262 00:10:52,329 --> 00:10:57,399 family time emotional or financial 263 00:10:54,670 --> 00:10:59,649 stress is it making you so that you 264 00:10:57,399 --> 00:11:00,519 can't go out and and do the things that 265 00:10:59,649 --> 00:11:04,329 you want to do because you don't have 266 00:11:00,519 --> 00:11:07,240 the money or the freedom to do it so 267 00:11:04,329 --> 00:11:08,560 when does it get to the point that 268 00:11:07,240 --> 00:11:11,339 you're willing to actually take the next 269 00:11:08,560 --> 00:11:11,339 step and make a change 270 00:11:11,630 --> 00:11:15,170 one of the things I see happening all 271 00:11:13,700 --> 00:11:17,780 the time with traders especially retail 272 00:11:15,170 --> 00:11:18,920 traders as they come in and they decide 273 00:11:17,780 --> 00:11:20,600 you know I'm going to be a trader and 274 00:11:18,920 --> 00:11:21,650 they just put money in account and think 275 00:11:20,600 --> 00:11:23,840 they're going to go out and take on the 276 00:11:21,650 --> 00:11:25,100 world but it's easy and they don't take 277 00:11:23,840 --> 00:11:27,650 the time to actually get the proper 278 00:11:25,100 --> 00:11:30,020 knowledge and learn how to do this the 279 00:11:27,650 --> 00:11:32,570 right way and they end up having equity 280 00:11:30,020 --> 00:11:34,190 curves that look like this and that's 281 00:11:32,570 --> 00:11:35,680 the problem that a lot of traders just 282 00:11:34,190 --> 00:11:37,400 like Dave because just talking about 283 00:11:35,680 --> 00:11:39,680 face today 284 00:11:37,400 --> 00:11:42,530 all right and one of our missions one of 285 00:11:39,680 --> 00:11:44,920 my missions with base camp trading is we 286 00:11:42,530 --> 00:11:47,720 want to change your long-term habits 287 00:11:44,920 --> 00:11:50,210 change your behavior patterns and change 288 00:11:47,720 --> 00:11:51,560 your futures because it's not an 289 00:11:50,210 --> 00:11:52,490 overnight fix it's not to flip the 290 00:11:51,560 --> 00:11:55,100 switch and now you're gonna make money 291 00:11:52,490 --> 00:11:56,270 it's a long-term commitment all right so 292 00:11:55,100 --> 00:11:59,990 why are we different than other 293 00:11:56,270 --> 00:12:02,570 educators what are we trying to do well 294 00:11:59,990 --> 00:12:03,920 one thing we we heard from the thousands 295 00:12:02,570 --> 00:12:06,410 of people we worked with from around the 296 00:12:03,920 --> 00:12:08,480 world is the traders come in and they 297 00:12:06,410 --> 00:12:10,910 get overwhelmed like you confuse or they 298 00:12:08,480 --> 00:12:13,700 get frustrated because they've lost 299 00:12:10,910 --> 00:12:15,890 money and they don't understand how to 300 00:12:13,700 --> 00:12:17,480 consistency how to get that consistency 301 00:12:15,890 --> 00:12:18,590 part where they go yeah I've made money 302 00:12:17,480 --> 00:12:19,870 for a little while and all sudden it's 303 00:12:18,590 --> 00:12:22,880 just boom it's all gone 304 00:12:19,870 --> 00:12:25,010 so what we did is we created what we 305 00:12:22,880 --> 00:12:27,470 call the summit framework and that's 306 00:12:25,010 --> 00:12:30,530 going to help you as traders move along 307 00:12:27,470 --> 00:12:32,420 from losing money to consistency and we 308 00:12:30,530 --> 00:12:35,360 understand it's not just to go out and 309 00:12:32,420 --> 00:12:36,830 do it but that it's a journey all right 310 00:12:35,360 --> 00:12:39,380 you need a guide an emu long term 311 00:12:36,830 --> 00:12:40,580 commitment and that's what we're here to 312 00:12:39,380 --> 00:12:42,440 do is help you with that long term 313 00:12:40,580 --> 00:12:44,390 guidance so we do that by taking you 314 00:12:42,440 --> 00:12:46,010 through the three pillars of the summit 315 00:12:44,390 --> 00:12:49,220 framework the first one is Basecamp and 316 00:12:46,010 --> 00:12:50,510 in Basecamp you get acclimated that's 317 00:12:49,220 --> 00:12:52,100 where we have the acclimation course 318 00:12:50,510 --> 00:12:53,450 what you do in acclamation is you're 319 00:12:52,100 --> 00:12:54,470 going to learn the fundamentals of risk 320 00:12:53,450 --> 00:12:57,110 management you're gonna learn the 321 00:12:54,470 --> 00:12:59,570 fundamentals of how you trade of how the 322 00:12:57,110 --> 00:13:00,980 markets move fundamentals of options 323 00:12:59,570 --> 00:13:02,780 fundamentals of futures you learn how to 324 00:13:00,980 --> 00:13:04,190 keep a trade log in a trade plan and how 325 00:13:02,780 --> 00:13:06,380 to get a set of rules that you can 326 00:13:04,190 --> 00:13:08,510 follow then you're going to move on to 327 00:13:06,380 --> 00:13:09,980 the ascent and then finally into Everest 328 00:13:08,510 --> 00:13:12,140 and the ascent is where you're going 329 00:13:09,980 --> 00:13:14,030 okay I know the fundamentals I know the 330 00:13:12,140 --> 00:13:17,450 basics so I have that strong foundation 331 00:13:14,030 --> 00:13:20,150 to build on now let's start learning 332 00:13:17,450 --> 00:13:22,910 some more strategies and some more tools 333 00:13:20,150 --> 00:13:24,019 that I can be using to then go forward 334 00:13:22,910 --> 00:13:25,220 and trade 335 00:13:24,019 --> 00:13:26,779 and then lastly you move an avarice and 336 00:13:25,220 --> 00:13:28,429 that's where you're like okay I know all 337 00:13:26,779 --> 00:13:30,709 the strategies that you use I have all 338 00:13:28,429 --> 00:13:32,899 my family my foundation is strong let's 339 00:13:30,709 --> 00:13:35,809 start trading live and let's start 340 00:13:32,899 --> 00:13:37,339 making money and tweaking my system to 341 00:13:35,809 --> 00:13:38,959 get to the point where it smoothes out 342 00:13:37,339 --> 00:13:41,389 my equity curve as much as possible from 343 00:13:38,959 --> 00:13:44,360 lower left to the upper right not the 344 00:13:41,389 --> 00:13:46,910 end of the webinar today I'll show you 345 00:13:44,360 --> 00:13:47,809 how you can take the next step and by 346 00:13:46,910 --> 00:13:49,040 the end of the webinar you're going to 347 00:13:47,809 --> 00:13:50,720 have a pretty good idea of whether or 348 00:13:49,040 --> 00:13:53,959 not Basecamp trading is a good fit for 349 00:13:50,720 --> 00:13:55,189 you if it's not no problem at all I 350 00:13:53,959 --> 00:13:58,009 always tell people there's hundreds of 351 00:13:55,189 --> 00:13:59,119 ways to trade the markets okay but for 352 00:13:58,009 --> 00:14:00,649 those of you that say yeah I'm ready to 353 00:13:59,119 --> 00:14:03,679 take the next step I'll tell you how you 354 00:14:00,649 --> 00:14:07,309 can move forward with working with us 355 00:14:03,679 --> 00:14:10,699 and moving through the summit framework 356 00:14:07,309 --> 00:14:12,889 all right so what are you going to learn 357 00:14:10,699 --> 00:14:14,360 today what are you gonna learn like I 358 00:14:12,889 --> 00:14:16,009 said I always try to teach people stuff 359 00:14:14,360 --> 00:14:17,420 when they come in they're gonna spend 360 00:14:16,009 --> 00:14:19,100 time out your data come spin with me 361 00:14:17,420 --> 00:14:21,619 I'm going to try to teach you something 362 00:14:19,100 --> 00:14:23,779 and help you out so we're going to talk 363 00:14:21,619 --> 00:14:25,429 about defining trends no matter what 364 00:14:23,779 --> 00:14:26,869 market you're looking at no matter what 365 00:14:25,429 --> 00:14:28,790 time frame you're looking at we can 366 00:14:26,869 --> 00:14:30,139 define whether or not a market is in one 367 00:14:28,790 --> 00:14:32,350 of three stages that are going to be an 368 00:14:30,139 --> 00:14:35,179 uptrend a downtrend 369 00:14:32,350 --> 00:14:37,549 or consolidation / reversal so I'll show 370 00:14:35,179 --> 00:14:39,470 you how you can determine that or talk a 371 00:14:37,549 --> 00:14:41,299 little bit about how indicators can 372 00:14:39,470 --> 00:14:43,879 cloud your judgment because one thing 373 00:14:41,299 --> 00:14:45,319 that happens as traders come in like oh 374 00:14:43,879 --> 00:14:47,299 yeah I just went to this webinar and I 375 00:14:45,319 --> 00:14:48,470 bought this indicator from this guy and 376 00:14:47,299 --> 00:14:50,240 he told me it was going to help me make 377 00:14:48,470 --> 00:14:52,670 thousands of dollars and then Austin I'm 378 00:14:50,240 --> 00:14:54,079 just losing money or I have 20 different 379 00:14:52,670 --> 00:14:57,949 carries on my charts and I can't really 380 00:14:54,079 --> 00:14:59,149 tell what the heck's happening some of 381 00:14:57,949 --> 00:15:02,480 them are saying buy some of them are 382 00:14:59,149 --> 00:15:04,399 saying sell and then lastly we'll be 383 00:15:02,480 --> 00:15:06,649 talking about price action trends and 384 00:15:04,399 --> 00:15:10,549 how you get into them where you enter 385 00:15:06,649 --> 00:15:12,230 where your stops go okay or one of the 386 00:15:10,549 --> 00:15:13,879 ways to enter them so today we're going 387 00:15:12,230 --> 00:15:15,199 to cover all this stuff and you can take 388 00:15:13,879 --> 00:15:18,529 it and you'll be able to apply it to 389 00:15:15,199 --> 00:15:20,839 your trading on Tuesday but we realize 390 00:15:18,529 --> 00:15:22,459 that ultimately real change only comes 391 00:15:20,839 --> 00:15:24,699 from a long term relationship you don't 392 00:15:22,459 --> 00:15:27,049 put a band-aid on a sinking set ship 393 00:15:24,699 --> 00:15:31,549 okay you pull it out of water you fix it 394 00:15:27,049 --> 00:15:33,259 and then you start moving forward so the 395 00:15:31,549 --> 00:15:35,869 main thing we're going to be discussing 396 00:15:33,259 --> 00:15:37,020 is what I call naked trading all right 397 00:15:35,869 --> 00:15:38,580 so what is naked 398 00:15:37,020 --> 00:15:42,360 trading no it doesn't mean trading with 399 00:15:38,580 --> 00:15:45,600 your clothes off it means trading based 400 00:15:42,360 --> 00:15:47,130 on the price action itself so trading 401 00:15:45,600 --> 00:15:49,170 based off of what the chart is telling 402 00:15:47,130 --> 00:15:51,210 us we don't have to have any indicators 403 00:15:49,170 --> 00:15:54,000 you don't need any caters to see naked 404 00:15:51,210 --> 00:15:56,040 trading setups we're going back to the 405 00:15:54,000 --> 00:15:58,020 basics back to the fundamentals because 406 00:15:56,040 --> 00:15:59,310 if you think about it basically all the 407 00:15:58,020 --> 00:16:01,860 indicators out there based on price 408 00:15:59,310 --> 00:16:04,500 action so why not just learn how to read 409 00:16:01,860 --> 00:16:05,850 the price action itself and one thing I 410 00:16:04,500 --> 00:16:07,620 had one guy that came in here and he's a 411 00:16:05,850 --> 00:16:08,970 professional trader okay this is what he 412 00:16:07,620 --> 00:16:11,760 does for living he's been doing it for 413 00:16:08,970 --> 00:16:14,220 20 plus years he goes look I never had 414 00:16:11,760 --> 00:16:15,360 the definition of a trend explained to 415 00:16:14,220 --> 00:16:17,340 me in the way that you explained it in 416 00:16:15,360 --> 00:16:20,010 naked trading and that has been 417 00:16:17,340 --> 00:16:22,440 game-changing for my trading I was 418 00:16:20,010 --> 00:16:24,690 already profitable but I applied that to 419 00:16:22,440 --> 00:16:27,990 my existing strategy and I'm making 420 00:16:24,690 --> 00:16:29,370 almost twice as much as I was before all 421 00:16:27,990 --> 00:16:32,520 right so what is the definition of a 422 00:16:29,370 --> 00:16:34,170 trend well the way I like to explain it 423 00:16:32,520 --> 00:16:36,660 is you look at it kind of like a math 424 00:16:34,170 --> 00:16:40,910 problem blank plus blank equals blank so 425 00:16:36,660 --> 00:16:40,910 let's say we're looking for an uptrend 426 00:16:41,390 --> 00:16:49,020 if you're looking for an uptrend that 427 00:16:43,290 --> 00:16:53,100 means we need to have a higher high and 428 00:16:49,020 --> 00:16:55,110 we need to have a higher low so higher 429 00:16:53,100 --> 00:16:57,600 high plus higher low equals uptrend 430 00:16:55,110 --> 00:16:59,450 now when I say higher high and higher 431 00:16:57,600 --> 00:17:01,830 low what am I talking about 432 00:16:59,450 --> 00:17:04,050 when we're discussing highs and lows 433 00:17:01,830 --> 00:17:05,580 we're talking about pivot points so a 434 00:17:04,050 --> 00:17:07,440 pivot point is a turning point in the 435 00:17:05,580 --> 00:17:08,850 market so if we're looking at higher 436 00:17:07,440 --> 00:17:13,320 highs and higher lows it needs to be 437 00:17:08,850 --> 00:17:16,530 something like this where we're going 438 00:17:13,320 --> 00:17:18,900 this high is higher than that high this 439 00:17:16,530 --> 00:17:21,480 low is higher than that low this higher 440 00:17:18,900 --> 00:17:23,459 than that high this low is higher net 441 00:17:21,480 --> 00:17:24,500 low so we're higher highs and higher 442 00:17:23,459 --> 00:17:29,160 lows 443 00:17:24,500 --> 00:17:36,510 okay so uptrend higher high plus higher 444 00:17:29,160 --> 00:17:41,040 low a downtrend is lower high plus lower 445 00:17:36,510 --> 00:17:43,860 low equals downtrend so what does that 446 00:17:41,040 --> 00:17:45,230 look like the exact opposite again pivot 447 00:17:43,860 --> 00:17:47,550 points turning points in the market 448 00:17:45,230 --> 00:17:48,870 lower highs lower lows we say this low 449 00:17:47,550 --> 00:17:50,880 is going to be lower than that one 450 00:17:48,870 --> 00:17:53,220 this one's lower than that one 451 00:17:50,880 --> 00:17:55,919 therefore we're lower highs and we're 452 00:17:53,220 --> 00:17:58,169 lower lows and we're in a downtrend now 453 00:17:55,919 --> 00:18:01,620 just like a math problem all right if 454 00:17:58,169 --> 00:18:03,750 you do not have if you lose one side of 455 00:18:01,620 --> 00:18:06,480 this for example if we're looking for an 456 00:18:03,750 --> 00:18:09,210 uptrend and we have a higher high but we 457 00:18:06,480 --> 00:18:12,900 do not have a higher low then this is 458 00:18:09,210 --> 00:18:15,059 not true higher high does not equal 459 00:18:12,900 --> 00:18:17,520 uptrend you have to have both halves the 460 00:18:15,059 --> 00:18:23,429 equation so if we're looking at this 461 00:18:17,520 --> 00:18:26,970 chart here is trending lower and then 462 00:18:23,429 --> 00:18:29,700 all of a sudden we come down and we do 463 00:18:26,970 --> 00:18:33,720 this all right as of this point right 464 00:18:29,700 --> 00:18:37,830 here are we in an uptrend based on what 465 00:18:33,720 --> 00:18:45,240 I just told you because we put in this 466 00:18:37,830 --> 00:18:48,059 higher low no absolutely not 467 00:18:45,240 --> 00:18:50,070 you got it why because that's one half 468 00:18:48,059 --> 00:18:53,280 of the equation so when does a trend 469 00:18:50,070 --> 00:18:54,960 change the trend changes after we come 470 00:18:53,280 --> 00:18:59,610 up and break through the previous pivot 471 00:18:54,960 --> 00:19:02,789 high now as at this point we're good to 472 00:18:59,610 --> 00:19:05,130 go because we have a higher high and a 473 00:19:02,789 --> 00:19:12,179 higher low so now you're back in an 474 00:19:05,130 --> 00:19:17,360 uptrend okay making sense so if we look 475 00:19:12,179 --> 00:19:17,360 at a market this trending up 476 00:19:19,730 --> 00:19:29,570 and we go and we do this we break down 477 00:19:23,700 --> 00:19:29,570 to a lower low are we in a downtrend 478 00:19:33,800 --> 00:19:41,030 have we entered into a downtrend as at 479 00:19:35,810 --> 00:19:43,430 that point you got it absolutely not why 480 00:19:41,030 --> 00:19:46,310 it's 1/2 the equation we have to have 481 00:19:43,430 --> 00:19:49,070 the lower high as well once we get that 482 00:19:46,310 --> 00:19:51,700 lower high let me say ok lower hi there 483 00:19:49,070 --> 00:19:54,860 lower low here now we're in a downtrend 484 00:19:51,700 --> 00:19:58,040 so keep that in mind you have to have 485 00:19:54,860 --> 00:20:00,500 both halves of the equation in order to 486 00:19:58,040 --> 00:20:02,870 equal a trend and the market is trading 487 00:20:00,500 --> 00:20:03,800 at all times it's going to be a 1 of 3 488 00:20:02,870 --> 00:20:06,530 stages 489 00:20:03,800 --> 00:20:16,090 it's either going to be uptrend 490 00:20:06,530 --> 00:20:20,450 downtrend or consolidation / reversal 491 00:20:16,090 --> 00:20:21,590 alright when we want to be trading we 492 00:20:20,450 --> 00:20:24,080 want to be trading one of markets in a 493 00:20:21,590 --> 00:20:29,840 trend we want to be avoiding one it's in 494 00:20:24,080 --> 00:20:31,280 consolidation reversal make sense so 495 00:20:29,840 --> 00:20:34,760 let's move on take a look at what this 496 00:20:31,280 --> 00:20:36,620 looks like so this is bonds on a 500 497 00:20:34,760 --> 00:20:39,740 tick chart now it's important to note 498 00:20:36,620 --> 00:20:42,620 that the trend is dependent upon the 499 00:20:39,740 --> 00:20:46,340 time frame you are analyzing so we may 500 00:20:42,620 --> 00:20:49,220 have a 500 tick up trend and a 240 501 00:20:46,340 --> 00:20:52,310 minute or a 30 minute downtrend all 502 00:20:49,220 --> 00:20:54,710 right so the trend is dependent upon the 503 00:20:52,310 --> 00:20:56,330 time frame that you are looking at so if 504 00:20:54,710 --> 00:20:57,830 we look at this chart this is 500 tick 505 00:20:56,330 --> 00:20:59,600 bonds throws you there been the trading 506 00:20:57,830 --> 00:21:02,000 room with me you know my favorite time 507 00:20:59,600 --> 00:21:04,040 frame for bonds is a 500 tick chart and 508 00:21:02,000 --> 00:21:06,830 this is why because they trend so very 509 00:21:04,040 --> 00:21:08,180 well so let's take a look 510 00:21:06,830 --> 00:21:10,490 start on the left hand side we'll say ok 511 00:21:08,180 --> 00:21:14,120 we have a low down here then we have a 512 00:21:10,490 --> 00:21:18,170 high up here they have a higher low and 513 00:21:14,120 --> 00:21:20,270 we have a higher high ok because the 514 00:21:18,170 --> 00:21:22,250 sign is higher than that one this low is 515 00:21:20,270 --> 00:21:25,850 higher than that one got arrows going 516 00:21:22,250 --> 00:21:29,570 everywhere see you higher high higher 517 00:21:25,850 --> 00:21:33,640 low so according to the definition of 518 00:21:29,570 --> 00:21:33,640 trend where's the trend is at that point 519 00:21:35,050 --> 00:21:42,640 you should all know it higher high plus 520 00:21:39,580 --> 00:21:44,559 higher low equals uptrend you got it we 521 00:21:42,640 --> 00:21:46,990 have both halves the equation so let's 522 00:21:44,559 --> 00:21:50,250 keep on looking at the pivots high or 523 00:21:46,990 --> 00:21:51,700 low higher high higher low higher high 524 00:21:50,250 --> 00:21:57,220 higher low 525 00:21:51,700 --> 00:22:01,120 hi hi hi hello hi hi hi hello hi hi hi 526 00:21:57,220 --> 00:22:04,540 hello hi hi hi hello hi hi higher low 527 00:22:01,120 --> 00:22:12,250 and we put in a lower high right here so 528 00:22:04,540 --> 00:22:15,100 does it turn change right there no trim 529 00:22:12,250 --> 00:22:16,300 does not change when does it change when 530 00:22:15,100 --> 00:22:19,150 we break through the pivot low right 531 00:22:16,300 --> 00:22:21,610 here as of that point now we're in a 532 00:22:19,150 --> 00:22:27,910 downtrend because we have a lower high 533 00:22:21,610 --> 00:22:34,030 and a lower low but this entire space 534 00:22:27,910 --> 00:22:35,740 here that is all one single uptrend okay 535 00:22:34,030 --> 00:22:38,280 and one thing that happens with too many 536 00:22:35,740 --> 00:22:40,960 traders is they see something like this 537 00:22:38,280 --> 00:22:43,120 they go oh goodness the trend is changed 538 00:22:40,960 --> 00:22:44,679 and it's going back down but in all 539 00:22:43,120 --> 00:22:48,429 reality all we do is come back down and 540 00:22:44,679 --> 00:22:50,650 retag retouch the previous pivot low it 541 00:22:48,429 --> 00:22:53,860 never broke to a lower low it never put 542 00:22:50,650 --> 00:22:55,809 in a lower high and then it just kind of 543 00:22:53,860 --> 00:23:00,970 slowly trickle back up and start turning 544 00:22:55,809 --> 00:23:03,910 again okay pretty simple right pretty 545 00:23:00,970 --> 00:23:06,040 easy so far let's keep going this is 546 00:23:03,910 --> 00:23:09,460 crude oil on a daily so start on the 547 00:23:06,040 --> 00:23:15,340 left hand side the chart low high higher 548 00:23:09,460 --> 00:23:18,730 low higher high where's the trend we are 549 00:23:15,340 --> 00:23:21,970 in an uptrend why higher highs higher 550 00:23:18,730 --> 00:23:23,710 lows let me go another higher low 551 00:23:21,970 --> 00:23:26,230 another higher high another higher low 552 00:23:23,710 --> 00:23:28,720 another higher high so this whole thing 553 00:23:26,230 --> 00:23:31,600 here is an uptrend now I want you guys 554 00:23:28,720 --> 00:23:34,390 to notice we're not getting caught up on 555 00:23:31,600 --> 00:23:37,390 these little blips these little small 556 00:23:34,390 --> 00:23:39,580 retracements they do not matter what 557 00:23:37,390 --> 00:23:43,120 we're looking for are the major pivots 558 00:23:39,580 --> 00:23:45,429 these big pivot points that's telling us 559 00:23:43,120 --> 00:23:46,780 where the trend is so don't get caught 560 00:23:45,429 --> 00:23:49,330 up on the small stuff it needs to at 561 00:23:46,780 --> 00:23:52,309 least retrace for several price bars 562 00:23:49,330 --> 00:23:55,539 alright then what happens we come all 563 00:23:52,309 --> 00:23:59,200 the way over we break to a lower low 564 00:23:55,539 --> 00:23:59,200 does that change our trend 565 00:24:02,400 --> 00:24:10,919 nope absolutely not you guys are smart 566 00:24:07,590 --> 00:24:13,230 you got it it's a lower level it's one 567 00:24:10,919 --> 00:24:16,289 half of the equation when do we change 568 00:24:13,230 --> 00:24:18,330 trend trend changes as of about this 569 00:24:16,289 --> 00:24:21,150 point right here now we're in a 570 00:24:18,330 --> 00:24:23,700 downtrend because we have the lower low 571 00:24:21,150 --> 00:24:29,580 and as of about that point right there 572 00:24:23,700 --> 00:24:31,650 we now have a lower pivot high we're in 573 00:24:29,580 --> 00:24:34,740 a downtrend we go lower low lower high 574 00:24:31,650 --> 00:24:38,870 lower low lower high higher low higher 575 00:24:34,740 --> 00:24:42,240 high all right now this is important so 576 00:24:38,870 --> 00:24:45,179 the first thing you do when a trend 577 00:24:42,240 --> 00:24:47,610 changes the very first thing you do when 578 00:24:45,179 --> 00:24:49,230 it rain changes is you're going to draw 579 00:24:47,610 --> 00:24:51,029 what we call the line the same and we're 580 00:24:49,230 --> 00:24:51,929 going to revisit on this in a minute we 581 00:24:51,029 --> 00:24:54,390 talked about actually entering the 582 00:24:51,929 --> 00:24:55,679 trades but for now what I want you to 583 00:24:54,390 --> 00:24:57,450 know is when your trend first changes 584 00:24:55,679 --> 00:24:59,250 you're going to connect the two previous 585 00:24:57,450 --> 00:25:02,970 pivots that's gonna be your line in the 586 00:24:59,250 --> 00:25:06,870 sand okay same thing goes up here we're 587 00:25:02,970 --> 00:25:09,210 on trend line going like this if very 588 00:25:06,870 --> 00:25:11,070 quickly after you draw that line of sand 589 00:25:09,210 --> 00:25:13,799 it comes up and it breaks it or in this 590 00:25:11,070 --> 00:25:16,760 case comes down and breaks it then we 591 00:25:13,799 --> 00:25:19,140 automatically resume the initial trend 592 00:25:16,760 --> 00:25:20,490 all right again we're going to revisit 593 00:25:19,140 --> 00:25:21,870 this in a second but I want you to see 594 00:25:20,490 --> 00:25:24,960 this because this is a good example of 595 00:25:21,870 --> 00:25:26,760 that so we go down up higher low higher 596 00:25:24,960 --> 00:25:28,649 high we change the trend we'll draw our 597 00:25:26,760 --> 00:25:30,059 line in the sand we break that line of 598 00:25:28,649 --> 00:25:31,980 sand automatically back into a Down 599 00:25:30,059 --> 00:25:35,390 trend and we go lower highs lower lows 600 00:25:31,980 --> 00:25:40,470 lower highs lower lows all the way down 601 00:25:35,390 --> 00:25:42,830 all right do you use a 500 tick chart on 602 00:25:40,470 --> 00:25:45,419 all of your charts no I do not Robert 603 00:25:42,830 --> 00:25:48,360 but on bond specifically that's my 604 00:25:45,419 --> 00:25:50,940 favorite time frame okay here's Apple 605 00:25:48,360 --> 00:25:52,020 this is on a 500 tick so starting 606 00:25:50,940 --> 00:25:54,840 left-hand side of the chart we have a 607 00:25:52,020 --> 00:25:57,000 low down here and a high and a higher 608 00:25:54,840 --> 00:26:00,330 low and a higher high and a high or low 609 00:25:57,000 --> 00:26:02,580 and a lower high and then lower low and 610 00:26:00,330 --> 00:26:06,029 lower high and lower low lower high and 611 00:26:02,580 --> 00:26:10,710 lower low or high we go into a downtrend 612 00:26:06,029 --> 00:26:13,919 now right here we pop up and we break 613 00:26:10,710 --> 00:26:15,659 through that high does not change trend 614 00:26:13,919 --> 00:26:16,200 right the other thing I want you to 615 00:26:15,659 --> 00:26:20,789 notice here 616 00:26:16,200 --> 00:26:23,519 is we have a pivot high here and every 617 00:26:20,789 --> 00:26:24,869 time this market breaks through it it 618 00:26:23,519 --> 00:26:26,580 leaves a long way to the upside and 619 00:26:24,869 --> 00:26:28,200 pulls back down close to blow it breaks 620 00:26:26,580 --> 00:26:29,759 through it again pulls back down close 621 00:26:28,200 --> 00:26:34,159 blow it breaks it again pulls right down 622 00:26:29,759 --> 00:26:34,159 closes below it what's that telling you 623 00:26:34,639 --> 00:26:38,759 what that tells us when a market is 624 00:26:36,960 --> 00:26:42,419 breaking through support resistance and 625 00:26:38,759 --> 00:26:45,059 it's leaving a long wick below that or 626 00:26:42,419 --> 00:26:46,440 above that it's tell us there is a lack 627 00:26:45,059 --> 00:26:53,039 of willingness for that market to rally 628 00:26:46,440 --> 00:26:55,889 and to watch for reversal okay that's 629 00:26:53,039 --> 00:26:58,100 what you get here same thing happens or 630 00:26:55,889 --> 00:27:00,119 ever here we had a pivot low 631 00:26:58,100 --> 00:27:03,139 breakthrough close above breakthrough 632 00:27:00,119 --> 00:27:05,639 close above and then you get the bounce 633 00:27:03,139 --> 00:27:07,080 all right most it's showing you a lack 634 00:27:05,639 --> 00:27:09,090 of willingness for that market to follow 635 00:27:07,080 --> 00:27:11,970 through so we continue down with lower 636 00:27:09,090 --> 00:27:13,889 lows lower highs then over here we turn 637 00:27:11,970 --> 00:27:16,799 around we break through this pivot high 638 00:27:13,889 --> 00:27:19,909 and we put in a higher high that does 639 00:27:16,799 --> 00:27:22,679 not change a trend correct because it's 640 00:27:19,909 --> 00:27:27,179 one half of the equation yes this is a 641 00:27:22,679 --> 00:27:29,340 doji now the one thing I want you to 642 00:27:27,179 --> 00:27:31,320 notice about this is after it breaks 643 00:27:29,340 --> 00:27:34,710 through this market pulls back and 644 00:27:31,320 --> 00:27:37,109 retest once support of resistance has 645 00:27:34,710 --> 00:27:39,090 been broken it is good for a retest it 646 00:27:37,109 --> 00:27:42,210 switches rolls and this is what we call 647 00:27:39,090 --> 00:27:45,179 a last kiss where it breaks through 648 00:27:42,210 --> 00:27:47,609 pulls back retest previously broken 649 00:27:45,179 --> 00:27:50,909 resistance now is support and then 650 00:27:47,609 --> 00:27:55,379 accelerates away if you're entering on a 651 00:27:50,909 --> 00:27:59,340 last kiss it needs to break pull back 652 00:27:55,379 --> 00:28:05,249 and we go to enter after it retests and 653 00:27:59,340 --> 00:28:07,440 then breaks the previous bars high so it 654 00:28:05,249 --> 00:28:09,570 has to retest first then it has to break 655 00:28:07,440 --> 00:28:10,830 the previous bars high for a long or it 656 00:28:09,570 --> 00:28:12,869 has to retested and break freeze bars 657 00:28:10,830 --> 00:28:15,600 low for a short and then we go along 658 00:28:12,869 --> 00:28:17,730 with our stop blow to low so in this 659 00:28:15,600 --> 00:28:21,960 case you'd be long here stop little low 660 00:28:17,730 --> 00:28:24,080 looking forward to continue higher all 661 00:28:21,960 --> 00:28:24,080 right 662 00:28:24,820 --> 00:28:30,049 let's take look at one more example then 663 00:28:27,259 --> 00:28:31,999 we're going to move on so this is the 664 00:28:30,049 --> 00:28:33,169 euro US dollar by the way I'm showing 665 00:28:31,999 --> 00:28:34,609 you a lot of different markets on a lot 666 00:28:33,169 --> 00:28:36,440 of different timeframes like I said you 667 00:28:34,609 --> 00:28:38,210 can apply this the reason that this is 668 00:28:36,440 --> 00:28:40,429 so good in my opinion is you can take 669 00:28:38,210 --> 00:28:42,019 this and the way that you analyze a 670 00:28:40,429 --> 00:28:44,389 trend and you can apply it to any market 671 00:28:42,019 --> 00:28:47,149 in any time frame whether it be Forex 672 00:28:44,389 --> 00:28:47,299 futures equities doesn't matter all 673 00:28:47,149 --> 00:28:48,889 right 674 00:28:47,299 --> 00:28:52,999 whether you trade a daily a weekly a 675 00:28:48,889 --> 00:28:55,009 5-minute or a 500 tick doesn't matter it 676 00:28:52,999 --> 00:28:58,309 all applies the same so start in the 677 00:28:55,009 --> 00:29:02,570 left hand side have a pivot high a pivot 678 00:28:58,309 --> 00:29:04,580 low this low is lower than that low back 679 00:29:02,570 --> 00:29:08,359 there so we have a lower low then we 680 00:29:04,580 --> 00:29:11,109 bounce we put in a lower high so as of 681 00:29:08,359 --> 00:29:14,389 breaking down here we're in a downtrend 682 00:29:11,109 --> 00:29:18,729 lower low lower high lower low lower 683 00:29:14,389 --> 00:29:23,179 high lower low lower high higher low 684 00:29:18,729 --> 00:29:25,399 higher high change to an uptrend now 685 00:29:23,179 --> 00:29:27,679 what did I say the first thing we do 686 00:29:25,399 --> 00:29:29,239 when we when we change trend so we draw 687 00:29:27,679 --> 00:29:29,869 a trendline there it doesn't break it 688 00:29:29,239 --> 00:29:31,789 all right 689 00:29:29,869 --> 00:29:33,470 it took it moved too far away there's 690 00:29:31,789 --> 00:29:36,609 this big open space in the middle so 691 00:29:33,470 --> 00:29:40,159 that reminds not valid we draw out here 692 00:29:36,609 --> 00:29:42,369 all right it does break it so this would 693 00:29:40,159 --> 00:29:46,249 technically have been a potential short 694 00:29:42,369 --> 00:29:47,840 now what is the first test for those you 695 00:29:46,249 --> 00:29:48,979 that have been trading with me or been 696 00:29:47,840 --> 00:29:50,659 in mentorships and stuff with me you 697 00:29:48,979 --> 00:29:54,279 know the answer to this what's the first 698 00:29:50,659 --> 00:29:54,279 test when we break through the trendline 699 00:29:59,340 --> 00:30:06,610 the first test is the previous pivot low 700 00:30:04,050 --> 00:30:09,970 the the middle pivot on your trendline 701 00:30:06,610 --> 00:30:12,340 can it get through that if it doesn't if 702 00:30:09,970 --> 00:30:15,490 it goes down and stalls like it hits it 703 00:30:12,340 --> 00:30:16,900 here and then bounces close your trade 704 00:30:15,490 --> 00:30:21,430 and look to re-enter after it breaks the 705 00:30:16,900 --> 00:30:23,080 support okay and this is why because 706 00:30:21,430 --> 00:30:25,450 sometimes they'll come down hit that and 707 00:30:23,080 --> 00:30:27,700 reverse back up and stay in an uptrend 708 00:30:25,450 --> 00:30:30,640 so in this case we went higher low 709 00:30:27,700 --> 00:30:31,960 higher high we pulled down couldn't 710 00:30:30,640 --> 00:30:34,150 break through the low here put in 711 00:30:31,960 --> 00:30:35,650 another higher low and just continue 712 00:30:34,150 --> 00:30:38,800 with the uptrend higher high higher low 713 00:30:35,650 --> 00:30:40,510 higher high higher low higher high all 714 00:30:38,800 --> 00:30:42,390 the way up until we go into 715 00:30:40,510 --> 00:30:45,670 consolidation then up here at the top 716 00:30:42,390 --> 00:30:47,200 why is this consolidation well if the 717 00:30:45,670 --> 00:30:50,020 definition of a trend is higher lows and 718 00:30:47,200 --> 00:30:56,020 higher highs and right now we have lower 719 00:30:50,020 --> 00:30:59,950 highs and we have higher lows we don't 720 00:30:56,020 --> 00:31:02,650 have a trend we have compression we have 721 00:30:59,950 --> 00:31:05,880 a squeeze we have a channel we have 722 00:31:02,650 --> 00:31:09,340 consolidation looking for a breakout 723 00:31:05,880 --> 00:31:10,960 okay definition of a trend doesn't 724 00:31:09,340 --> 00:31:13,270 change it has to be higher highs higher 725 00:31:10,960 --> 00:31:20,050 lows or it has to be lower highs lower 726 00:31:13,270 --> 00:31:22,480 lows alrighty so let's continue on how 727 00:31:20,050 --> 00:31:23,860 do we enter into a trend now we 728 00:31:22,480 --> 00:31:25,720 understand what the definition of the 729 00:31:23,860 --> 00:31:28,090 trend is we understand higher highs 730 00:31:25,720 --> 00:31:30,490 higher lows equals uptrend lower highs 731 00:31:28,090 --> 00:31:32,350 plus lower lows equals downtrend first 732 00:31:30,490 --> 00:31:33,280 step we do after trend changes is draw 733 00:31:32,350 --> 00:31:35,470 that line in the sand 734 00:31:33,280 --> 00:31:36,670 the first test after Alliance and is 735 00:31:35,470 --> 00:31:39,610 broken is can we break through the 736 00:31:36,670 --> 00:31:41,740 previous pivot low or pivot high you 737 00:31:39,610 --> 00:31:42,970 heard about last kiss once support 738 00:31:41,740 --> 00:31:47,650 resistance has been broken and then 739 00:31:42,970 --> 00:31:51,700 changes roles okay now let's talk about 740 00:31:47,650 --> 00:31:53,500 entering into the context of a trend one 741 00:31:51,700 --> 00:31:57,280 of the my favorite ways of entering is 742 00:31:53,500 --> 00:32:01,740 using what we call breakout okay where 743 00:31:57,280 --> 00:32:04,570 we watch for a entry a break above the 744 00:32:01,740 --> 00:32:06,670 high or below the low of the previous n 745 00:32:04,570 --> 00:32:09,670 number of bars back and you enter after 746 00:32:06,670 --> 00:32:11,260 the retracement has started this is just 747 00:32:09,670 --> 00:32:15,490 one way of basic 748 00:32:11,260 --> 00:32:19,480 buying into dips ok so what do I mean by 749 00:32:15,490 --> 00:32:20,950 my breakout logic what I mean is if this 750 00:32:19,480 --> 00:32:22,210 trend is going if this market is moving 751 00:32:20,950 --> 00:32:23,650 like this and each one of these lines is 752 00:32:22,210 --> 00:32:29,100 a price bar let's say we're in an 753 00:32:23,650 --> 00:32:32,830 uptrend alright and we're pulling down 754 00:32:29,100 --> 00:32:35,470 if we're doing a two bar breakout for an 755 00:32:32,830 --> 00:32:37,030 entry we're going to two bar breakout 756 00:32:35,470 --> 00:32:40,179 for an entry that means it needs to 757 00:32:37,030 --> 00:32:42,669 break the highest high of the past two 758 00:32:40,179 --> 00:32:44,320 price bars to go long so the height of 759 00:32:42,669 --> 00:32:48,220 that bar would be here so this is bar 760 00:32:44,320 --> 00:32:50,410 number one and bar number two so if this 761 00:32:48,220 --> 00:32:55,179 comes back up and it breaks through this 762 00:32:50,410 --> 00:33:02,950 high then this is our long our stop goes 763 00:32:55,179 --> 00:33:05,530 below the low alright that's what we 764 00:33:02,950 --> 00:33:08,980 call breakout logic or using it to enter 765 00:33:05,530 --> 00:33:11,020 it's in the context of a trend so we 766 00:33:08,980 --> 00:33:15,610 look to enter after the retracement has 767 00:33:11,020 --> 00:33:18,010 started or trying to buy the dip or buy 768 00:33:15,610 --> 00:33:19,390 the retracement after it starts to 769 00:33:18,010 --> 00:33:21,070 resume the trend so we do not buy it 770 00:33:19,390 --> 00:33:22,630 while it's pulling down in an uptrend we 771 00:33:21,070 --> 00:33:24,190 don't sell it while it's climbing in a 772 00:33:22,630 --> 00:33:27,490 downtrend we wait for it to have climbed 773 00:33:24,190 --> 00:33:30,070 and then start coming down all right now 774 00:33:27,490 --> 00:33:32,710 obviously nothing is a hundred percent 775 00:33:30,070 --> 00:33:35,650 guaranteed the other thing I want you to 776 00:33:32,710 --> 00:33:37,870 keep in mind is with a trend all right 777 00:33:35,650 --> 00:33:42,010 your trend kind of works like this 778 00:33:37,870 --> 00:33:45,090 where's my mouse at there we are so 779 00:33:42,010 --> 00:33:45,090 think of it like a graph 780 00:33:47,730 --> 00:34:00,570 so this is time down here and this is 781 00:33:54,080 --> 00:34:02,850 probabilities of success probabilities 782 00:34:00,570 --> 00:34:04,529 of a trend continuing all right at the 783 00:34:02,850 --> 00:34:07,380 start of the trend we're about right 784 00:34:04,529 --> 00:34:09,270 here as that trend first starts moving 785 00:34:07,380 --> 00:34:11,839 it goes like that and then as time goes 786 00:34:09,270 --> 00:34:16,139 on the further that trend gets extended 787 00:34:11,839 --> 00:34:19,800 the further veteran has run the lower 788 00:34:16,139 --> 00:34:21,510 the probabilities of continuing so keep 789 00:34:19,800 --> 00:34:26,179 that in mind if we're looking to buy a 790 00:34:21,510 --> 00:34:28,639 trend that's been going on for forever 791 00:34:26,179 --> 00:34:30,810 the probabilities that trend continuing 792 00:34:28,639 --> 00:34:33,030 are much lower now it doesn't mean that 793 00:34:30,810 --> 00:34:34,470 the trends going to reverse but does 794 00:34:33,030 --> 00:34:39,119 mean the probabilities of it going into 795 00:34:34,470 --> 00:34:42,119 consolidation are much higher so we want 796 00:34:39,119 --> 00:34:44,310 to be getting in ideally within the 797 00:34:42,119 --> 00:34:49,169 first couple of retracements after a 798 00:34:44,310 --> 00:34:50,190 trend changes alright so let's take a 799 00:34:49,169 --> 00:34:53,310 look at what this looks like 800 00:34:50,190 --> 00:34:57,060 using breakout logic so this is that 801 00:34:53,310 --> 00:35:00,000 30-year bond chart remember so we're low 802 00:34:57,060 --> 00:35:02,670 high higher low higher high right so 803 00:35:00,000 --> 00:35:04,140 we're in an uptrend now as of this point 804 00:35:02,670 --> 00:35:06,660 we're saying uptrend so we're looking to 805 00:35:04,140 --> 00:35:07,920 go long so how do we know one question 806 00:35:06,660 --> 00:35:11,190 that a lot of people ask is how do we 807 00:35:07,920 --> 00:35:12,450 know when a retracement has started well 808 00:35:11,190 --> 00:35:15,000 all you got to do is look at when the 809 00:35:12,450 --> 00:35:16,290 market starts pulling back against the 810 00:35:15,000 --> 00:35:18,170 trend if it's an uptrend and it starts 811 00:35:16,290 --> 00:35:20,579 going down you're starting a retracement 812 00:35:18,170 --> 00:35:24,030 all right so it starts to retrace and 813 00:35:20,579 --> 00:35:26,400 we're using to bar breakout logic so it 814 00:35:24,030 --> 00:35:28,920 has to break the high you can either do 815 00:35:26,400 --> 00:35:30,839 two or three bars break a logic has to 816 00:35:28,920 --> 00:35:32,550 break the high of the past two or three 817 00:35:30,839 --> 00:35:36,950 price bars so if you're doing two bar 818 00:35:32,550 --> 00:35:36,950 breakout logic you're going long there 819 00:35:38,089 --> 00:35:45,300 with your stop below the low I'm looking 820 00:35:43,740 --> 00:35:48,359 for the turn to continue next for trace 821 00:35:45,300 --> 00:35:52,369 what happens here to our breakout logic 822 00:35:48,359 --> 00:35:56,130 would be long here stop down here 823 00:35:52,369 --> 00:35:58,349 alright and you stay in it as long as 824 00:35:56,130 --> 00:36:01,740 your trend stays intact again we're 825 00:35:58,349 --> 00:36:07,330 looking this is a trend trading strategy 826 00:36:01,740 --> 00:36:09,369 okay now if you are if you are looking 827 00:36:07,330 --> 00:36:11,920 to trade multiple contracts and you want 828 00:36:09,369 --> 00:36:16,060 that initial profit to lock in what you 829 00:36:11,920 --> 00:36:20,320 can look for is a retest of the previous 830 00:36:16,060 --> 00:36:25,060 pivot high for one half profit and then 831 00:36:20,320 --> 00:36:27,190 let's your second half run or you do 832 00:36:25,060 --> 00:36:30,250 like a one or a two bar trailing stop 833 00:36:27,190 --> 00:36:31,359 for the first half alright but this 834 00:36:30,250 --> 00:36:33,280 right here is well we don't want to use 835 00:36:31,359 --> 00:36:34,900 a 1 bar breakout because you get too 836 00:36:33,280 --> 00:36:37,150 many false signals so by waiting for at 837 00:36:34,900 --> 00:36:38,770 least a 2 or 3 bar breakout you have a 838 00:36:37,150 --> 00:36:41,160 higher probability of success so would 839 00:36:38,770 --> 00:36:45,100 have been entry number 1 right here 840 00:36:41,160 --> 00:36:50,109 richer number 2 right here entry number 841 00:36:45,100 --> 00:36:52,440 3 right here entry number 4 right there 842 00:36:50,109 --> 00:36:56,200 entry number five 843 00:36:52,440 --> 00:36:59,530 entry number six entry number six what 844 00:36:56,200 --> 00:37:02,140 happened a lot looser why remember that 845 00:36:59,530 --> 00:37:06,700 graph I was showing you the 846 00:37:02,140 --> 00:37:08,890 probabilities of success remember we 847 00:37:06,700 --> 00:37:11,530 want to be getting in at the start of 848 00:37:08,890 --> 00:37:15,640 the trend not on the tail end of the 849 00:37:11,530 --> 00:37:17,290 trend the further the trend gets 850 00:37:15,640 --> 00:37:21,550 extended to lower the probabilities of 851 00:37:17,290 --> 00:37:24,400 continuation let's take a look at 852 00:37:21,550 --> 00:37:28,840 another example this was that crude oil 853 00:37:24,400 --> 00:37:30,369 truck low high higher low higher high so 854 00:37:28,840 --> 00:37:32,710 we're in an uptrend we look for 855 00:37:30,369 --> 00:37:38,290 retracement your first entry is here 856 00:37:32,710 --> 00:37:39,480 there's your stop out second entry is 857 00:37:38,290 --> 00:37:44,290 here 858 00:37:39,480 --> 00:37:47,410 there's your stop nice runner now why is 859 00:37:44,290 --> 00:37:48,940 this important again nothing's 100% 860 00:37:47,410 --> 00:37:50,170 anywhere that comes in and tells you 861 00:37:48,940 --> 00:37:52,660 that trading is 100 percent that have a 862 00:37:50,170 --> 00:37:55,300 way to to make money all the time 863 00:37:52,660 --> 00:37:56,650 they're lying to you ok run away as fast 864 00:37:55,300 --> 00:37:59,800 as you can just going to lose a bunch of 865 00:37:56,650 --> 00:38:01,090 money but it's probabilities game and in 866 00:37:59,800 --> 00:38:03,970 order to be successful in trading you 867 00:38:01,090 --> 00:38:10,650 have to draw a balance between win 868 00:38:03,970 --> 00:38:10,650 percentage and the number 1 ratio 869 00:38:10,710 --> 00:38:13,710 reward 870 00:38:13,980 --> 00:38:23,339 to risk so what's the reward risk well 871 00:38:20,310 --> 00:38:24,900 if this is what our average losses look 872 00:38:23,339 --> 00:38:27,570 at what even if we were just doing half 873 00:38:24,900 --> 00:38:30,329 profit target our half profit target is 874 00:38:27,570 --> 00:38:32,099 at least twice that big and again you 875 00:38:30,329 --> 00:38:33,270 have to draw a balance between how often 876 00:38:32,099 --> 00:38:34,500 you're winning and how much you're 877 00:38:33,270 --> 00:38:36,140 making on your winning trades versus how 878 00:38:34,500 --> 00:38:38,190 much you're losing you're losing trades 879 00:38:36,140 --> 00:38:41,400 now again this is just one way of 880 00:38:38,190 --> 00:38:42,630 trading within the context of trying to 881 00:38:41,400 --> 00:38:43,050 talk about another way here in just a 882 00:38:42,630 --> 00:38:44,490 minute 883 00:38:43,050 --> 00:38:47,760 we'll go over a couple more examples 884 00:38:44,490 --> 00:38:49,920 here so in this case we'd have a long 885 00:38:47,760 --> 00:38:52,500 here stop low low again this is just 886 00:38:49,920 --> 00:38:53,970 using a 2 bar trailing stop all right 887 00:38:52,500 --> 00:38:56,220 look for the tradesmen you'll be long up 888 00:38:53,970 --> 00:38:57,750 here stop a little low it runs into the 889 00:38:56,220 --> 00:39:01,410 highs and starts turning around you're 890 00:38:57,750 --> 00:39:03,180 going right back out we shift trend look 891 00:39:01,410 --> 00:39:04,890 for the retracement a 2 bar break 892 00:39:03,180 --> 00:39:09,839 doesn't happen till up here so you'd 893 00:39:04,890 --> 00:39:13,369 sell here stop here here's our tradesmen 894 00:39:09,839 --> 00:39:15,930 to our break sell here 895 00:39:13,369 --> 00:39:17,849 stop here against this is a really 896 00:39:15,930 --> 00:39:19,170 simple way of just internal retracements 897 00:39:17,849 --> 00:39:21,510 but this is why you had to learn the 898 00:39:19,170 --> 00:39:23,099 definition of a trend first because you 899 00:39:21,510 --> 00:39:24,960 have to apply the definition of a trend 900 00:39:23,099 --> 00:39:28,920 and understand which way the mark is 901 00:39:24,960 --> 00:39:30,540 trending based on retracements based on 902 00:39:28,920 --> 00:39:32,990 pivot highs and lows before you can even 903 00:39:30,540 --> 00:39:35,339 consider trying to enter into the trade 904 00:39:32,990 --> 00:39:37,380 one of the number one things you can do 905 00:39:35,339 --> 00:39:39,270 in my opinion to increase the 906 00:39:37,380 --> 00:39:41,880 probabilities of success and become more 907 00:39:39,270 --> 00:39:44,640 consistent is to try it as apply a 908 00:39:41,880 --> 00:39:46,200 training based filter to your strategy 909 00:39:44,640 --> 00:39:47,400 whatever training strategy you're using 910 00:39:46,200 --> 00:39:49,680 just say I'm only going to train the 911 00:39:47,400 --> 00:39:51,990 right side of the trend and wait for the 912 00:39:49,680 --> 00:39:54,089 training shift before you get in don't 913 00:39:51,990 --> 00:39:56,670 jump the gun all right 914 00:39:54,089 --> 00:39:57,930 I'm will go ahead and skip over this one 915 00:39:56,670 --> 00:40:00,170 last example and they're going to move 916 00:39:57,930 --> 00:40:03,990 on to the secondary type of entry 917 00:40:00,170 --> 00:40:07,190 alright so we've talked about train 918 00:40:03,990 --> 00:40:09,060 identification we've talked about 919 00:40:07,190 --> 00:40:11,490 retracement entering on retracements 920 00:40:09,060 --> 00:40:14,849 using breakout logic now we're going to 921 00:40:11,490 --> 00:40:17,609 talk about a breakout strategy using 922 00:40:14,849 --> 00:40:19,050 that line in the sand we discussed so 923 00:40:17,609 --> 00:40:20,760 remember the first step just to recap 924 00:40:19,050 --> 00:40:23,040 the first step we take after a trend 925 00:40:20,760 --> 00:40:24,780 changes as we draw a trend line across 926 00:40:23,040 --> 00:40:27,760 the two pivot highs across the two pivot 927 00:40:24,780 --> 00:40:29,830 lows this trendline then becomes 928 00:40:27,760 --> 00:40:31,540 our line in the sand and we look for a 929 00:40:29,830 --> 00:40:35,260 continuation of the original trend if 930 00:40:31,540 --> 00:40:37,690 that line is broken all right now where 931 00:40:35,260 --> 00:40:40,090 the retracement strategy is designed to 932 00:40:37,690 --> 00:40:42,190 get us into a trend and try to catch a 933 00:40:40,090 --> 00:40:44,410 big move catch the rest of the trend 934 00:40:42,190 --> 00:40:47,320 we're entering on retracement this 935 00:40:44,410 --> 00:40:49,090 breakout is designed for just that it's 936 00:40:47,320 --> 00:40:50,500 a breakout so we're getting in the 937 00:40:49,090 --> 00:40:51,820 market should rip our direction very 938 00:40:50,500 --> 00:40:53,500 quickly and we're going to jump right 939 00:40:51,820 --> 00:40:56,260 back out so we're not trying to stay in 940 00:40:53,500 --> 00:41:00,310 it for the long haul that makes sense 941 00:40:56,260 --> 00:41:01,870 so if our line the sand is broken then 942 00:41:00,310 --> 00:41:04,060 we say that the market has had what we 943 00:41:01,870 --> 00:41:06,610 call a micro trend where a short-term 944 00:41:04,060 --> 00:41:09,180 counter trend move before accelerating 945 00:41:06,610 --> 00:41:15,700 in the direction of the original trend 946 00:41:09,180 --> 00:41:18,670 alrighty so let's take a look we can 947 00:41:15,700 --> 00:41:19,960 look for trend identification we say 948 00:41:18,670 --> 00:41:22,090 we're an uptrend this is that bond chart 949 00:41:19,960 --> 00:41:25,690 again we're going to look for a lower 950 00:41:22,090 --> 00:41:29,070 pivot high within the context of an 951 00:41:25,690 --> 00:41:31,990 overall uptrend draw our trendline and 952 00:41:29,070 --> 00:41:36,790 turn the break stop below previous bars 953 00:41:31,990 --> 00:41:40,600 low we get our initial surge chill and 954 00:41:36,790 --> 00:41:42,940 stop and you're out so all we're looking 955 00:41:40,600 --> 00:41:45,610 for is that initial breakout in that 956 00:41:42,940 --> 00:41:46,860 initial spike all right here's Apple 957 00:41:45,610 --> 00:41:50,050 this is on 30-minute price chart 958 00:41:46,860 --> 00:41:52,150 starting left-hand side of chart give a 959 00:41:50,050 --> 00:41:54,850 low down here and then a high and we 960 00:41:52,150 --> 00:41:58,000 have a higher low here we break to a 961 00:41:54,850 --> 00:42:01,540 higher high so as of that point as at 962 00:41:58,000 --> 00:42:04,330 this point here we're in an uptrend this 963 00:42:01,540 --> 00:42:06,220 one 30-minute price chart so within the 964 00:42:04,330 --> 00:42:10,030 context of this uptrend we then go low 965 00:42:06,220 --> 00:42:13,810 high low so technically we change to a 966 00:42:10,030 --> 00:42:15,730 downtrend what do we do line thus and 967 00:42:13,810 --> 00:42:19,630 break through the line Stan there's our 968 00:42:15,730 --> 00:42:22,060 long stop little below the previous bar 969 00:42:19,630 --> 00:42:24,070 accelerate higher let go okay let's look 970 00:42:22,060 --> 00:42:24,880 for the trim to continue higher high 971 00:42:24,070 --> 00:42:28,410 higher low 972 00:42:24,880 --> 00:42:32,800 higher high higher low lower high again 973 00:42:28,410 --> 00:42:34,390 so do we do draw a trend line break the 974 00:42:32,800 --> 00:42:37,840 trend line here's our long stop a little 975 00:42:34,390 --> 00:42:40,750 low here's our acceleration higher 976 00:42:37,840 --> 00:42:41,170 showstopping you're out again this is a 977 00:42:40,750 --> 00:42:44,859 dip 978 00:42:41,170 --> 00:42:48,309 trading style than the initial breakout 979 00:42:44,859 --> 00:42:51,220 strategy we reason for entries all right 980 00:42:48,309 --> 00:42:53,260 this is looking for that snap move that 981 00:42:51,220 --> 00:42:54,750 very quick reaction jumping our 982 00:42:53,260 --> 00:42:59,559 direction 983 00:42:54,750 --> 00:43:01,660 alrighty here's another example this is 984 00:42:59,559 --> 00:43:05,140 the cable British Pound u.s. dollar on 985 00:43:01,660 --> 00:43:10,210 daily overall which direction is the 986 00:43:05,140 --> 00:43:13,359 trend moving should all know it overall 987 00:43:10,210 --> 00:43:16,930 in a downtrend let me put in a higher 988 00:43:13,359 --> 00:43:19,390 low here so we would draw a trend line 989 00:43:16,930 --> 00:43:21,400 going up and across this low here's our 990 00:43:19,390 --> 00:43:24,519 break for the sell here's the 991 00:43:21,400 --> 00:43:28,950 acceleration then we bounce again 992 00:43:24,519 --> 00:43:31,839 another higher low draw a trendline 993 00:43:28,950 --> 00:43:34,539 here's a break the last kiss and the 994 00:43:31,839 --> 00:43:37,750 acceleration and then we have this 995 00:43:34,539 --> 00:43:40,630 really big trend line so remember the 996 00:43:37,750 --> 00:43:42,400 more significant the pivots and this is 997 00:43:40,630 --> 00:43:43,750 all stuff by the way this is these are 998 00:43:42,400 --> 00:43:46,539 this is this up that we talked about in 999 00:43:43,750 --> 00:43:51,759 the training room the more significant 1000 00:43:46,539 --> 00:43:54,490 the pivots the larger the reaction you 1001 00:43:51,759 --> 00:43:57,279 guys understand why this is a smaller 1002 00:43:54,490 --> 00:44:01,839 pivot this is a smaller pivot and this 1003 00:43:57,279 --> 00:44:04,529 whole thing here is a major pivot you 1004 00:44:01,839 --> 00:44:04,529 guys see how that works 1005 00:44:05,069 --> 00:44:10,200 significant pivots caused a significant 1006 00:44:07,900 --> 00:44:13,269 reversal in price action a big move 1007 00:44:10,200 --> 00:44:18,940 minor pivots are just small reversals on 1008 00:44:13,269 --> 00:44:24,220 price action okay here's the major trend 1009 00:44:18,940 --> 00:44:27,970 line break it sell on the break stop 1010 00:44:24,220 --> 00:44:29,349 above previous bars hi sorry lower 1011 00:44:27,970 --> 00:44:32,589 trailed stopped and you're exiting over 1012 00:44:29,349 --> 00:44:37,410 here same thing happens yet again down 1013 00:44:32,589 --> 00:44:44,170 up higher low draw trend line break it 1014 00:44:37,410 --> 00:44:45,579 so rapid acceleration trail stop out now 1015 00:44:44,170 --> 00:44:48,460 one thing I want you to notice with 1016 00:44:45,579 --> 00:44:51,009 every single one of these setups as soon 1017 00:44:48,460 --> 00:44:54,299 as the market breaks the trend line you 1018 00:44:51,009 --> 00:44:56,890 get that snap reaction it starts to run 1019 00:44:54,299 --> 00:45:00,849 one thing I tell people is you've got to 1020 00:44:56,890 --> 00:45:02,319 you've got to learn how to set it how to 1021 00:45:00,849 --> 00:45:05,530 have expectations on how a trades should 1022 00:45:02,319 --> 00:45:08,530 behave we expect if we're using this 1023 00:45:05,530 --> 00:45:10,900 strategy we have expectation the markets 1024 00:45:08,530 --> 00:45:12,130 going to have a very fast reaction and 1025 00:45:10,900 --> 00:45:16,900 immediately start running our direction 1026 00:45:12,130 --> 00:45:18,220 if it does not if it triggers and then 1027 00:45:16,900 --> 00:45:20,740 it just kind of hangs out for a couple 1028 00:45:18,220 --> 00:45:24,099 of price bars just go ahead and get out 1029 00:45:20,740 --> 00:45:25,900 of trade it's alright to close a trade 1030 00:45:24,099 --> 00:45:27,460 with a two or three tick gain or a two 1031 00:45:25,900 --> 00:45:29,859 or three tick loss if it's not behaving 1032 00:45:27,460 --> 00:45:31,210 correctly you hear me in the trading 1033 00:45:29,859 --> 00:45:33,040 room all the time saying this trades not 1034 00:45:31,210 --> 00:45:34,420 moving right be careful that normally 1035 00:45:33,040 --> 00:45:36,400 means trailer stop right up behind it 1036 00:45:34,420 --> 00:45:39,160 it's either going to run or it's going 1037 00:45:36,400 --> 00:45:41,440 to stop us out do the same thing you 1038 00:45:39,160 --> 00:45:42,910 apply it to any strategy you're using go 1039 00:45:41,440 --> 00:45:44,619 back and look at historical price 1040 00:45:42,910 --> 00:45:47,650 patterns look at how it worked 1041 00:45:44,619 --> 00:45:52,660 previously and get an expectation on how 1042 00:45:47,650 --> 00:45:55,599 the market should move all right let's 1043 00:45:52,660 --> 00:45:58,089 continue on here's crude oil this is why 1044 00:45:55,599 --> 00:45:59,890 I said we'd revisit this so remember our 1045 00:45:58,089 --> 00:46:03,069 trend shifted to a downtrend right here 1046 00:45:59,890 --> 00:46:04,599 and these are all trades that we talked 1047 00:46:03,069 --> 00:46:08,140 about this is when crude first broke out 1048 00:46:04,599 --> 00:46:11,109 of so if you go back and you look at the 1049 00:46:08,140 --> 00:46:17,349 major move we had in crude couple years 1050 00:46:11,109 --> 00:46:20,589 ago right the major move we had it was 1051 00:46:17,349 --> 00:46:21,760 all from a consolidation breakout based 1052 00:46:20,589 --> 00:46:23,049 on what you're learning right now and 1053 00:46:21,760 --> 00:46:24,520 I'll show you that remind me at the end 1054 00:46:23,049 --> 00:46:26,559 up pull up the weekly chart I'll show 1055 00:46:24,520 --> 00:46:28,540 you what it looked like and so I mean 1056 00:46:26,559 --> 00:46:30,490 you can look at any timeframe the larger 1057 00:46:28,540 --> 00:46:34,500 the timeframe you're looking at the more 1058 00:46:30,490 --> 00:46:37,960 fierce or bigger of a reaction we expect 1059 00:46:34,500 --> 00:46:41,680 okay so remember as at this point we're 1060 00:46:37,960 --> 00:46:43,119 in a downtrend then within the context 1061 00:46:41,680 --> 00:46:46,750 of that downtrend we go higher high 1062 00:46:43,119 --> 00:46:50,970 higher low draw a trendline here's our 1063 00:46:46,750 --> 00:46:56,470 short stop above previous bars high 1064 00:46:50,970 --> 00:46:58,119 rapid acceleration first target hit with 1065 00:46:56,470 --> 00:47:01,930 that trailing stop drilled stop is using 1066 00:46:58,119 --> 00:47:03,369 like a 2 bar trailing stop okay actually 1067 00:47:01,930 --> 00:47:04,809 two bars trailing stop when they got not 1068 00:47:03,369 --> 00:47:06,630 until over there but still same price 1069 00:47:04,809 --> 00:47:09,180 then again 1070 00:47:06,630 --> 00:47:11,309 we have higher low within the context of 1071 00:47:09,180 --> 00:47:16,849 overall damage downturn your market draw 1072 00:47:11,309 --> 00:47:19,140 our trendline here's a break now what is 1073 00:47:16,849 --> 00:47:21,559 this right here we'll see how many of 1074 00:47:19,140 --> 00:47:21,559 you were paying attention 1075 00:47:28,130 --> 00:47:35,750 Lee Jason Jamie Wolfgang Connie Michael 1076 00:47:32,150 --> 00:47:38,540 David P Q you guys got it it's a last 1077 00:47:35,750 --> 00:47:42,170 kiss remember once supports broken it 1078 00:47:38,540 --> 00:47:44,780 then retests when do we enter after it 1079 00:47:42,170 --> 00:47:49,340 retests and then breaks the previous bar 1080 00:47:44,780 --> 00:47:50,000 as low stop above the high rapid 1081 00:47:49,340 --> 00:47:52,340 acceleration 1082 00:47:50,000 --> 00:47:55,010 once again higher low draw a trendline 1083 00:47:52,340 --> 00:47:58,130 rapid acceleration trail stop which 1084 00:47:55,010 --> 00:47:59,150 still have unit windows down here now 1085 00:47:58,130 --> 00:48:04,760 the thing that's important I want you 1086 00:47:59,150 --> 00:48:07,790 guys to see about this so here's our 1087 00:48:04,760 --> 00:48:10,340 cell this is our risk our exit remember 1088 00:48:07,790 --> 00:48:14,330 is down here so if that's our risk this 1089 00:48:10,340 --> 00:48:17,600 is our return in this case cell stop 1090 00:48:14,330 --> 00:48:21,080 this is our risk or if you're in turn 1091 00:48:17,600 --> 00:48:22,460 over here stop this is your risk exit 1092 00:48:21,080 --> 00:48:26,920 would have been down here about a 1 to 1 1093 00:48:22,460 --> 00:48:30,560 on the second one third one cell stop 1094 00:48:26,920 --> 00:48:34,310 this is your risk your exit is way past 1095 00:48:30,560 --> 00:48:40,480 down here it's all about that balance 1096 00:48:34,310 --> 00:48:43,010 between reward risk and percent win okay 1097 00:48:40,480 --> 00:48:44,570 the trailing stop rule is just using the 1098 00:48:43,010 --> 00:48:47,240 break out logic we talked about earlier 1099 00:48:44,570 --> 00:48:49,640 the break above n number of bars high or 1100 00:48:47,240 --> 00:48:51,140 below in number bars low so this is just 1101 00:48:49,640 --> 00:48:54,410 a two bar trailing stops so you trail 1102 00:48:51,140 --> 00:48:56,090 behind two bars ago so it has to break 1103 00:48:54,410 --> 00:48:57,560 the high of the past two price bars to 1104 00:48:56,090 --> 00:48:59,810 get you out in this case it does that 1105 00:48:57,560 --> 00:49:01,130 over here in this case you would have 1106 00:48:59,810 --> 00:49:02,840 been right back out it even and then 1107 00:49:01,130 --> 00:49:04,700 back in then again on the bear flag or 1108 00:49:02,840 --> 00:49:06,410 on the last kiss and out again over here 1109 00:49:04,700 --> 00:49:13,580 and this one you would have still been 1110 00:49:06,410 --> 00:49:14,600 that all a down alright so this is what 1111 00:49:13,580 --> 00:49:16,160 I want to show you what some of our 1112 00:49:14,600 --> 00:49:18,560 members have been saying about their 1113 00:49:16,160 --> 00:49:21,260 experience with base camp trading and I 1114 00:49:18,560 --> 00:49:22,850 with a naked trading there's no gray 1115 00:49:21,260 --> 00:49:24,380 area it's either there's a set up or 1116 00:49:22,850 --> 00:49:25,790 there is not a set up very 1117 00:49:24,380 --> 00:49:27,740 straightforward approach to trading and 1118 00:49:25,790 --> 00:49:29,180 it makes it simple in a lot of different 1119 00:49:27,740 --> 00:49:30,800 rooms on a lot of different sites over 1120 00:49:29,180 --> 00:49:33,140 the last four years this is the first 1121 00:49:30,800 --> 00:49:35,030 one that I've stayed because of 1122 00:49:33,140 --> 00:49:36,140 understanding not just what's being done 1123 00:49:35,030 --> 00:49:37,730 here but also the way things are 1124 00:49:36,140 --> 00:49:40,250 presented again like I told you 1125 00:49:37,730 --> 00:49:41,390 initially one of the things we try to do 1126 00:49:40,250 --> 00:49:42,530 with it sets us apart as 1127 00:49:41,390 --> 00:49:45,290 I don't want a bunch of people just 1128 00:49:42,530 --> 00:49:47,150 blindly following me placing trades I 1129 00:49:45,290 --> 00:49:49,850 want you to understand why the trades 1130 00:49:47,150 --> 00:49:51,590 are happening and place them yourself so 1131 00:49:49,850 --> 00:49:54,940 you can say I know why I took that trade 1132 00:49:51,590 --> 00:49:57,560 that was a good setup because of X Y & Z 1133 00:49:54,940 --> 00:49:59,240 Thomas information you and knowledge you 1134 00:49:57,560 --> 00:50:00,410 give us in this room is the best in the 1135 00:49:59,240 --> 00:50:01,730 business and this is coming from someone 1136 00:50:00,410 --> 00:50:08,660 who has subscribed and tended to over 1137 00:50:01,730 --> 00:50:11,030 100 trading rooms all right now what I'm 1138 00:50:08,660 --> 00:50:12,130 going to do for you guys today I'm going 1139 00:50:11,030 --> 00:50:15,500 to tell you how you can get into 1140 00:50:12,130 --> 00:50:17,750 workshops to learn a whole lot more 1141 00:50:15,500 --> 00:50:19,070 about price action trading and this is 1142 00:50:17,750 --> 00:50:21,710 what's gonna be covered in them all 1143 00:50:19,070 --> 00:50:22,970 right and naked trading part one you're 1144 00:50:21,710 --> 00:50:24,860 going to get understanding price action 1145 00:50:22,970 --> 00:50:27,350 trends being able to easily identify the 1146 00:50:24,860 --> 00:50:29,000 underlying trend in any market you're no 1147 00:50:27,350 --> 00:50:30,950 winner markets and consolidation to 1148 00:50:29,000 --> 00:50:32,090 avoid the Chop when do most traders get 1149 00:50:30,950 --> 00:50:34,520 beat up remember where we talked about 1150 00:50:32,090 --> 00:50:36,440 first you want to be trading when it's 1151 00:50:34,520 --> 00:50:38,480 trending not when it's consolidating 1152 00:50:36,440 --> 00:50:39,980 reversing so we're talk about how to 1153 00:50:38,480 --> 00:50:41,450 avoid that chop we're going to talk 1154 00:50:39,980 --> 00:50:43,310 about timing entries on retracements 1155 00:50:41,450 --> 00:50:45,020 using candlestick patterns trade in the 1156 00:50:43,310 --> 00:50:46,430 second break expectations on breakouts 1157 00:50:45,020 --> 00:50:48,530 trading reversal patterns for market 1158 00:50:46,430 --> 00:50:49,810 tops and bottoms channel breakouts will 1159 00:50:48,530 --> 00:50:51,740 the market break higher or lower and 1160 00:50:49,810 --> 00:50:53,630 high low and low high reversals 1161 00:50:51,740 --> 00:50:54,080 identifying when the markets doing a 1162 00:50:53,630 --> 00:50:55,970 head-fake 1163 00:50:54,080 --> 00:50:59,270 then you're also going to get naked 1164 00:50:55,970 --> 00:51:01,160 trading part two part two is how to move 1165 00:50:59,270 --> 00:51:03,380 towards being consistently profitable 1166 00:51:01,160 --> 00:51:05,530 smoothing out your equity curve we're 1167 00:51:03,380 --> 00:51:08,120 talk about mastering trading psychology 1168 00:51:05,530 --> 00:51:09,800 so there's some head stuff you got to 1169 00:51:08,120 --> 00:51:11,930 get right before you can really trade 1170 00:51:09,800 --> 00:51:13,640 we're talk about fundamentals of calcic 1171 00:51:11,930 --> 00:51:14,810 trading for time and injuries we're 1172 00:51:13,640 --> 00:51:16,340 going to talk about what candlestick 1173 00:51:14,810 --> 00:51:17,870 patterns have the highest probability of 1174 00:51:16,340 --> 00:51:20,120 success and then we're also going to 1175 00:51:17,870 --> 00:51:21,440 start adding filters I'm not telling you 1176 00:51:20,120 --> 00:51:22,760 that indicators are bad 1177 00:51:21,440 --> 00:51:24,800 I'm telling you having too many 1178 00:51:22,760 --> 00:51:27,230 indicators is bad so in naked trading 1179 00:51:24,800 --> 00:51:29,330 part 2 we talk about what indicators do 1180 00:51:27,230 --> 00:51:31,280 we want to use how do we use them how we 1181 00:51:29,330 --> 00:51:33,710 know if we're getting too many and how 1182 00:51:31,280 --> 00:51:35,180 do we apply them as filters we're going 1183 00:51:33,710 --> 00:51:36,530 to talk about how use momentum filters 1184 00:51:35,180 --> 00:51:39,170 to increase probabilities and we talk 1185 00:51:36,530 --> 00:51:41,090 about increasing success but still being 1186 00:51:39,170 --> 00:51:42,740 able to have actionable signals because 1187 00:51:41,090 --> 00:51:45,440 you can over analyze the market and just 1188 00:51:42,740 --> 00:51:48,230 not ever place any trades so you're 1189 00:51:45,440 --> 00:51:50,330 getting naked trading part one you're 1190 00:51:48,230 --> 00:51:52,670 getting naked trading part two but 1191 00:51:50,330 --> 00:51:54,410 because we don't want to just say here's 1192 00:51:52,670 --> 00:51:55,040 a workshop now good luck we don't want 1193 00:51:54,410 --> 00:51:56,390 just leave you 1194 00:51:55,040 --> 00:51:58,490 out there and say good luck on your own 1195 00:51:56,390 --> 00:52:00,800 we want to help you with that long-term 1196 00:51:58,490 --> 00:52:01,880 commitment that long-term guidance we're 1197 00:52:00,800 --> 00:52:04,400 also going to give you a month of 1198 00:52:01,880 --> 00:52:06,050 platinum membership and then you know 1199 00:52:04,400 --> 00:52:08,480 how I said we always try to start people 1200 00:52:06,050 --> 00:52:09,740 off in acclamation at base camp we're 1201 00:52:08,480 --> 00:52:12,280 also going to throw in the acclimation 1202 00:52:09,740 --> 00:52:14,600 workshop so you can go get those 1203 00:52:12,280 --> 00:52:16,220 foundation those fundamental principles 1204 00:52:14,600 --> 00:52:18,350 of risk management of trade plan trade 1205 00:52:16,220 --> 00:52:20,030 blog now normally all this if you tried 1206 00:52:18,350 --> 00:52:22,730 to piece it out and buy it it would be 1207 00:52:20,030 --> 00:52:23,750 eight hundred thirty eight and trust me 1208 00:52:22,730 --> 00:52:27,170 when I said I had to fight for this 1209 00:52:23,750 --> 00:52:34,190 number today we're actually given to you 1210 00:52:27,170 --> 00:52:36,320 today for only 147 okay this is only 147 1211 00:52:34,190 --> 00:52:43,700 for all of that all you have to do is go 1212 00:52:36,320 --> 00:52:48,140 to BCT now.com ford slash FEHB WWDC tnow 1213 00:52:43,700 --> 00:52:51,530 comm ford slash feb and you will get all 1214 00:52:48,140 --> 00:52:53,420 the above now if you need help if you 1215 00:52:51,530 --> 00:52:55,580 can't get to work with BCT now.com ford 1216 00:52:53,420 --> 00:52:57,020 slash fab since email support at base 1217 00:52:55,580 --> 00:52:58,940 camp training com or you can give us a 1218 00:52:57,020 --> 00:53:01,670 call eight oh one eight eight nine two 1219 00:52:58,940 --> 00:53:03,290 six nine nine this price is available 1220 00:53:01,670 --> 00:53:07,160 for the next 24 hours 1221 00:53:03,290 --> 00:53:09,530 okay Platinum membership is normally 147 1222 00:53:07,160 --> 00:53:11,420 a month this price is available for the 1223 00:53:09,530 --> 00:53:14,570 next 24 hours so if you want this bundle 1224 00:53:11,420 --> 00:53:15,590 deal get the next 24 hours now remember 1225 00:53:14,570 --> 00:53:17,630 I told you I'd show you some of these 1226 00:53:15,590 --> 00:53:18,530 people's equity curves and stuff this is 1227 00:53:17,630 --> 00:53:23,300 Dave remember I was telling you about 1228 00:53:18,530 --> 00:53:27,140 Dave this is his equity curve now that 1229 00:53:23,300 --> 00:53:29,270 is beautiful one of things he said was I 1230 00:53:27,140 --> 00:53:30,890 was losing money I subscribed to 50 1231 00:53:29,270 --> 00:53:33,340 different quote-unquote gurus and I was 1232 00:53:30,890 --> 00:53:36,230 placing 30 to 40 trades a day and 1233 00:53:33,340 --> 00:53:38,090 consistently going downhill well he went 1234 00:53:36,230 --> 00:53:41,270 to the framework and this is what his 1235 00:53:38,090 --> 00:53:42,530 equity curve looks like now one of the 1236 00:53:41,270 --> 00:53:44,540 reasons that he's so successful is 1237 00:53:42,530 --> 00:53:45,830 because he was able to implement I'll 1238 00:53:44,540 --> 00:53:48,470 acknowledge that he learned in the 1239 00:53:45,830 --> 00:53:50,090 mentorship and in workshops in the 1240 00:53:48,470 --> 00:53:52,040 trading room and he was there asking 1241 00:53:50,090 --> 00:53:53,240 questions one of the things we do in the 1242 00:53:52,040 --> 00:53:56,660 training room as we guide you through 1243 00:53:53,240 --> 00:53:59,090 this stuff step-by-step so you can see 1244 00:53:56,660 --> 00:54:01,580 it how do you use more than one 1245 00:53:59,090 --> 00:54:02,900 timeframe when determining trend you can 1246 00:54:01,580 --> 00:54:05,270 look at a longer time frame to get 1247 00:54:02,900 --> 00:54:07,310 overall directional bias and then wait 1248 00:54:05,270 --> 00:54:08,810 for a shorter time frame to match up and 1249 00:54:07,310 --> 00:54:12,280 then trade the short timeframes 1250 00:54:08,810 --> 00:54:12,280 in the context of the larger timeframe 1251 00:54:12,490 --> 00:54:15,200 so how many of you feel like you've 1252 00:54:14,360 --> 00:54:21,920 learned something in today's 1253 00:54:15,200 --> 00:54:23,810 presentation how many of you can see how 1254 00:54:21,920 --> 00:54:27,560 the definition of a trend can absolutely 1255 00:54:23,810 --> 00:54:30,740 help you how many of you can see how 1256 00:54:27,560 --> 00:54:34,780 implementing a proven framework can help 1257 00:54:30,740 --> 00:54:34,780 you become more consistently profitable 1258 00:54:36,040 --> 00:54:41,810 good deal this is what people are saying 1259 00:54:39,230 --> 00:54:43,850 about naked trading thanks times for the 1260 00:54:41,810 --> 00:54:45,920 naked trading workshops but bought part 1261 00:54:43,850 --> 00:54:48,530 two yesterday and used on bonds today 31 1262 00:54:45,920 --> 00:54:50,000 ticks with two contracts negatory 1263 00:54:48,530 --> 00:54:52,040 mentorship is the best class I've ever 1264 00:54:50,000 --> 00:54:53,450 taken in a two-week period I would 1265 00:54:52,040 --> 00:54:54,440 highly recommend it to anyone that is 1266 00:54:53,450 --> 00:54:56,930 serious about learning how to price 1267 00:54:54,440 --> 00:54:58,180 action moves how to enter an exit thank 1268 00:54:56,930 --> 00:55:00,320 you for what you do and all your help 1269 00:54:58,180 --> 00:55:01,550 you skate cop and I'll jump between 1270 00:55:00,320 --> 00:55:03,200 supporting resistance and I would 1271 00:55:01,550 --> 00:55:05,090 obviously get chopped up like hamburger 1272 00:55:03,200 --> 00:55:08,030 so I was talking about we got to avoid 1273 00:55:05,090 --> 00:55:09,380 that chop it wasn't until I found you in 1274 00:55:08,030 --> 00:55:11,660 your room that I have learned to let the 1275 00:55:09,380 --> 00:55:13,670 market show me and be ready now remember 1276 00:55:11,660 --> 00:55:15,800 I told you about Sam's equity curve 1277 00:55:13,670 --> 00:55:16,160 remember he had that one that was blown 1278 00:55:15,800 --> 00:55:19,340 up 1279 00:55:16,160 --> 00:55:20,780 this is his equity curve now and one 1280 00:55:19,340 --> 00:55:23,450 things that Sam told me when he sent me 1281 00:55:20,780 --> 00:55:25,580 these equity equity curves he said by 1282 00:55:23,450 --> 00:55:28,880 understanding how to trade price action 1283 00:55:25,580 --> 00:55:30,860 without anything and that was the key to 1284 00:55:28,880 --> 00:55:32,810 my trading the results 1285 00:55:30,860 --> 00:55:34,460 knock on wood are almost perfection I've 1286 00:55:32,810 --> 00:55:36,860 attached to previous blunt accounts 1287 00:55:34,460 --> 00:55:39,950 equity charts plus the progress of last 1288 00:55:36,860 --> 00:55:41,750 week and this week I'm so happy with 1289 00:55:39,950 --> 00:55:42,470 what I have accomplished so far and yet 1290 00:55:41,750 --> 00:55:43,640 more to come 1291 00:55:42,470 --> 00:55:44,720 I'm gained back my faith and 1292 00:55:43,640 --> 00:55:46,910 strengthened my confidence towards 1293 00:55:44,720 --> 00:55:48,320 brighter future soon thank you mr. 1294 00:55:46,910 --> 00:55:50,590 Thomas wood for being my path to 1295 00:55:48,320 --> 00:55:50,590 enlightenment 1296 00:55:51,340 --> 00:55:55,970 yeah Ram you can but you can cancel at 1297 00:55:53,750 --> 00:55:57,130 any time if you want and this is futures 1298 00:55:55,970 --> 00:55:59,630 down here 1299 00:55:57,130 --> 00:56:02,930 this is futures and this is his forex 1300 00:55:59,630 --> 00:56:05,690 trading and he says it's all about the 1301 00:56:02,930 --> 00:56:07,370 price action from naked trading but it's 1302 00:56:05,690 --> 00:56:09,700 not just a man it's not just Dave this 1303 00:56:07,370 --> 00:56:11,690 is Lori's equity curve 1304 00:56:09,700 --> 00:56:14,920 Lori's equity curve I'll be honest with 1305 00:56:11,690 --> 00:56:18,890 you looks even better than mine this is 1306 00:56:14,920 --> 00:56:21,860 incredibly good and she's gone through a 1307 00:56:18,890 --> 00:56:22,700 solid framework alright and you can tell 1308 00:56:21,860 --> 00:56:24,109 that all these 1309 00:56:22,700 --> 00:56:26,800 traders they trade differently the 1310 00:56:24,109 --> 00:56:28,820 equity curve show they trade differently 1311 00:56:26,800 --> 00:56:30,890 but they all come back to the 1312 00:56:28,820 --> 00:56:33,109 fundamentals as foundational principles 1313 00:56:30,890 --> 00:56:34,339 I was talking about that all trainees as 1314 00:56:33,109 --> 00:56:35,930 well there's hundreds different ways to 1315 00:56:34,339 --> 00:56:38,750 trade the markets but there's some 1316 00:56:35,930 --> 00:56:40,579 fundamental stuff you have to know all 1317 00:56:38,750 --> 00:56:42,770 right so again you're getting naked 1318 00:56:40,579 --> 00:56:44,869 trading part 1 which end of itself would 1319 00:56:42,770 --> 00:56:45,710 normally sell for $300 you're not only 1320 00:56:44,869 --> 00:56:48,710 getting that but you're getting naked 1321 00:56:45,710 --> 00:56:50,960 trading part 2 which again another $300 1322 00:56:48,710 --> 00:56:52,250 workshop plus we're going to bring you 1323 00:56:50,960 --> 00:56:54,079 into the membership we're going to show 1324 00:56:52,250 --> 00:56:55,760 you how the stuff works every day in the 1325 00:56:54,079 --> 00:56:58,910 training room and in the end of day 1326 00:56:55,760 --> 00:57:00,230 videos and you'll get access to the chat 1327 00:56:58,910 --> 00:57:01,460 room so you can come talk to the 1328 00:57:00,230 --> 00:57:03,050 hundreds of other traders that are in 1329 00:57:01,460 --> 00:57:05,589 the membership that have gone through 1330 00:57:03,050 --> 00:57:08,990 the stuff going hey look it works 1331 00:57:05,589 --> 00:57:11,540 alright acclimation you'll also get the 1332 00:57:08,990 --> 00:57:14,180 acclimation workshop yeah Williams just 1333 00:57:11,540 --> 00:57:16,250 an email because we don't want you to 1334 00:57:14,180 --> 00:57:17,630 just come in and not understand 1335 00:57:16,250 --> 00:57:19,700 everything because you have to we 1336 00:57:17,630 --> 00:57:21,650 believe again we set it up so it's 1337 00:57:19,700 --> 00:57:23,930 you're going through a three-step 1338 00:57:21,650 --> 00:57:25,369 process you start at acclamation you 1339 00:57:23,930 --> 00:57:27,940 start Basecamp so we want to make sure 1340 00:57:25,369 --> 00:57:30,260 you're getting access to that all right 1341 00:57:27,940 --> 00:57:33,920 that's going to give you the risk 1342 00:57:30,260 --> 00:57:36,170 management psychology price action it's 1343 00:57:33,920 --> 00:57:38,380 going to give you all those foundation 1344 00:57:36,170 --> 00:57:41,750 that you can then build your trading on 1345 00:57:38,380 --> 00:57:43,430 all right you're getting all of that not 1346 00:57:41,750 --> 00:57:45,859 four eight eight hundred fifty dollars 1347 00:57:43,430 --> 00:57:48,230 like normally would be but for once 247 1348 00:57:45,859 --> 00:57:51,440 all you got to do is go to BCT now calm 1349 00:57:48,230 --> 00:57:54,740 Ford / Feb again that's available for 1350 00:57:51,440 --> 00:57:58,490 the next 24 hours so what does this look 1351 00:57:54,740 --> 00:58:01,190 like once you get a BCT now calm for it 1352 00:57:58,490 --> 00:58:04,430 / Feb it will bring you to this chart 1353 00:58:01,190 --> 00:58:05,690 here all you got to do is fill out your 1354 00:58:04,430 --> 00:58:08,240 billing information now make sure you 1355 00:58:05,690 --> 00:58:11,000 put in your correct email and your 1356 00:58:08,240 --> 00:58:14,380 correct phone number okay that's how 1357 00:58:11,000 --> 00:58:14,380 you're going to get access to everything 1358 00:58:15,640 --> 00:58:21,369 putting your information complete my 1359 00:58:18,980 --> 00:58:24,109 purchase and you are good to go 1360 00:58:21,369 --> 00:58:30,230 alrighty so let me show you I told you 1361 00:58:24,109 --> 00:58:32,420 I'd show you that crude oil chart yes we 1362 00:58:30,230 --> 00:58:33,530 do the question is all those equity 1363 00:58:32,420 --> 00:58:35,030 curves look like they're intraday 1364 00:58:33,530 --> 00:58:36,110 trading are you issuing recommendations 1365 00:58:35,030 --> 00:58:39,530 etc for day 1366 00:58:36,110 --> 00:58:41,600 swing trading yes I think we do end of 1367 00:58:39,530 --> 00:58:45,890 day videos alright the end of day videos 1368 00:58:41,600 --> 00:58:47,240 are all about swing trading they're for 1369 00:58:45,890 --> 00:58:50,690 overnight setups trades they'll play out 1370 00:58:47,240 --> 00:58:53,050 over the next couple of days so look at 1371 00:58:50,690 --> 00:58:53,050 this right here 1372 00:58:53,140 --> 00:58:58,430 overall curl and a monthly downtrend 1373 00:58:56,090 --> 00:59:00,620 this is where that huge this is what 1374 00:58:58,430 --> 00:59:03,440 caused crude oil tank and we were one 1375 00:59:00,620 --> 00:59:06,560 top at 100% in the trading room because 1376 00:59:03,440 --> 00:59:10,030 of the way that we trade it's just a 1377 00:59:06,560 --> 00:59:12,770 textbook setup here's our consolidation 1378 00:59:10,030 --> 00:59:16,040 narrowing range we have lower highs plus 1379 00:59:12,770 --> 00:59:18,050 higher lows which means compression when 1380 00:59:16,040 --> 00:59:20,060 does the big move take place it takes 1381 00:59:18,050 --> 00:59:24,470 place when it breaks out and falls to 1382 00:59:20,060 --> 00:59:25,730 the floor feel free to tell the group 1383 00:59:24,470 --> 00:59:26,720 I'm one of your frame mentorship 1384 00:59:25,730 --> 00:59:28,460 students and I've gained a tremendous 1385 00:59:26,720 --> 00:59:29,660 amount of knowledge from you and I've 1386 00:59:28,460 --> 00:59:32,080 been awaiting for a special price on 1387 00:59:29,660 --> 00:59:36,770 naked training course I'm all-in 1388 00:59:32,080 --> 00:59:38,570 sounds good Steven great webinar by the 1389 00:59:36,770 --> 00:59:38,870 way sir thanks Robert I'm glad you liked 1390 00:59:38,570 --> 00:59:40,790 it 1391 00:59:38,870 --> 00:59:43,700 I'm and sign up for this thanks a 1392 00:59:40,790 --> 00:59:51,320 million sounds good Marcus thank you I'm 1393 00:59:43,700 --> 00:59:53,540 signed up good deal I'm sign up now 1394 00:59:51,320 --> 00:59:58,940 thanks Bill thanks Robert 1395 00:59:53,540 --> 01:00:01,160 thanks mark thanks Chris can show the 1396 00:59:58,940 --> 01:00:02,240 S&P in the same context sure let's take 1397 01:00:01,160 --> 01:00:05,300 a look at some we'll take a look at a 1398 01:00:02,240 --> 01:00:12,470 couple a charts we have a couple minutes 1399 01:00:05,300 --> 01:00:16,550 left here might get my screen up so you 1400 01:00:12,470 --> 01:00:19,330 want to see the SNP I'm going to turn 1401 01:00:16,550 --> 01:00:19,330 this off really quick 1402 01:00:24,310 --> 01:00:27,850 which way is a trend 1403 01:00:32,480 --> 01:00:36,890 excellent turn this up when did the 1404 01:00:34,820 --> 01:00:38,030 consolidation happen if you're in the 1405 01:00:36,890 --> 01:00:40,329 tre room where you watch the end of day 1406 01:00:38,030 --> 01:00:44,140 videos it happened right here 1407 01:00:40,329 --> 01:00:47,560 when did the breakout occur right here 1408 01:00:44,140 --> 01:00:47,560 what's this right here 1409 01:00:51,700 --> 01:00:56,410 this is the last kiss when do we enter 1410 01:00:54,400 --> 01:00:59,230 on the last kiss break the previous bars 1411 01:00:56,410 --> 01:01:00,400 hi after into the retest so you're going 1412 01:00:59,230 --> 01:01:07,299 long right there with your stop blow the 1413 01:01:00,400 --> 01:01:10,030 low and there's your run naked trading 1414 01:01:07,299 --> 01:01:11,829 part two starts adding filters to it and 1415 01:01:10,030 --> 01:01:13,599 this is even if you have naked trading 1416 01:01:11,829 --> 01:01:14,710 part one already this is a cheapest way 1417 01:01:13,599 --> 01:01:16,780 that you're going to get access to make 1418 01:01:14,710 --> 01:01:18,160 a trade in part two this is the lowest 1419 01:01:16,780 --> 01:01:21,700 price we've ever sold make a trade in 1420 01:01:18,160 --> 01:01:26,290 part two yeah way down one I'm going to 1421 01:01:21,700 --> 01:01:27,549 be putting it up on YouTube I took the 1422 01:01:26,290 --> 01:01:28,809 Jerry Turner training course while I 1423 01:01:27,549 --> 01:01:32,770 learn more of these negative courses 1424 01:01:28,809 --> 01:01:35,530 yesterday would you will we we changed 1425 01:01:32,770 --> 01:01:37,920 it Connie from value charts to base camp 1426 01:01:35,530 --> 01:01:41,230 trading because we wanted to realign our 1427 01:01:37,920 --> 01:01:44,950 outlook with the framework that we're 1428 01:01:41,230 --> 01:01:47,280 putting together with the summit 1429 01:01:44,950 --> 01:01:47,280 framework 1430 01:01:53,700 --> 01:01:57,420 we have so in the Platinum membership 1431 01:01:55,740 --> 01:01:59,520 you're going to get access to the 1432 01:01:57,420 --> 01:02:00,870 futures trading room and you'll get out 1433 01:01:59,520 --> 01:02:01,950 access to the options in equities 1434 01:02:00,870 --> 01:02:03,780 trading rooms there's two different 1435 01:02:01,950 --> 01:02:06,150 trading rooms plus you're going to get 1436 01:02:03,780 --> 01:02:07,260 the end of day videos every day where we 1437 01:02:06,150 --> 01:02:08,550 talk about what's the outlook for 1438 01:02:07,260 --> 01:02:10,260 tomorrow and what our setups that are 1439 01:02:08,550 --> 01:02:12,060 happening overnight what our swing 1440 01:02:10,260 --> 01:02:13,590 trading setups internet access to the 1441 01:02:12,060 --> 01:02:16,020 weekly outlooks where we talk about what 1442 01:02:13,590 --> 01:02:17,850 our weekly setups what's that outlook 1443 01:02:16,020 --> 01:02:21,270 for the next week or swing trading steps 1444 01:02:17,850 --> 01:02:26,670 on a weekly basis so you get all of 1445 01:02:21,270 --> 01:02:30,360 those no this is the same as the 1446 01:02:26,670 --> 01:02:31,920 original naked trading these are all 1447 01:02:30,360 --> 01:02:35,190 video training courses you can watch 1448 01:02:31,920 --> 01:02:39,470 them this weekend each course is about 1449 01:02:35,190 --> 01:02:42,000 three three hours long three and a half 1450 01:02:39,470 --> 01:02:49,920 so in total this is about nine hours of 1451 01:02:42,000 --> 01:02:57,300 training yet Chris we can try get the 1452 01:02:49,920 --> 01:02:59,040 replay out to everybody Connie I don't 1453 01:02:57,300 --> 01:03:04,550 remember the exact number that was a 1454 01:02:59,040 --> 01:03:07,920 couple years ago Janice was young so 1455 01:03:04,550 --> 01:03:09,870 acclimation so acclimation is now I told 1456 01:03:07,920 --> 01:03:12,590 you we have a three tiered approach we 1457 01:03:09,870 --> 01:03:14,670 start off in base camp and then you move 1458 01:03:12,590 --> 01:03:15,090 on to the Senate and you move on the 1459 01:03:14,670 --> 01:03:17,700 Everest 1460 01:03:15,090 --> 01:03:19,290 well base camp is acclimation we're in 1461 01:03:17,700 --> 01:03:21,030 the acclimation workshop it's that 1462 01:03:19,290 --> 01:03:22,980 foundation all the fundamental things 1463 01:03:21,030 --> 01:03:25,080 you have to know no matter what type of 1464 01:03:22,980 --> 01:03:27,690 training you're doing so risk management 1465 01:03:25,080 --> 01:03:28,920 psychology trading plan trade log how 1466 01:03:27,690 --> 01:03:31,530 they relate to each other how you need 1467 01:03:28,920 --> 01:03:34,560 to fill them out all that fundamental 1468 01:03:31,530 --> 01:03:36,540 basic stuff that gets you to 1469 01:03:34,560 --> 01:03:39,690 profitability one thing that amazes me 1470 01:03:36,540 --> 01:03:41,100 is I go and I talk to traders and I 1471 01:03:39,690 --> 01:03:42,390 asked if they have a trade blog or if 1472 01:03:41,100 --> 01:03:43,920 they have a trade plan and they say no 1473 01:03:42,390 --> 01:03:45,600 they're just blindly and they're 1474 01:03:43,920 --> 01:03:50,220 shooting from the hip that's not how 1475 01:03:45,600 --> 01:03:52,530 you're supposed to trade you need to 1476 01:03:50,220 --> 01:03:54,000 have rules you're following that's how 1477 01:03:52,530 --> 01:03:55,650 you get consistency that's how all the 1478 01:03:54,000 --> 01:03:57,810 traders that we work with or a lot of 1479 01:03:55,650 --> 01:04:00,330 traders we work with get those 1480 01:03:57,810 --> 01:04:03,480 consistent gaining equity curves and are 1481 01:04:00,330 --> 01:04:06,890 able to come in and say 90% of that days 1482 01:04:03,480 --> 01:04:06,890 I have consistently profitable 1483 01:04:06,900 --> 01:04:11,619 yep your membership your membership 1484 01:04:09,339 --> 01:04:17,109 starts today it's one month it'll go one 1485 01:04:11,619 --> 01:04:18,699 month from when you sign up what would 1486 01:04:17,109 --> 01:04:20,339 be the short trigger it would be that 1487 01:04:18,699 --> 01:04:23,369 when it broke out of the consolidation 1488 01:04:20,339 --> 01:04:27,999 when it breaks the trend line 1489 01:04:23,369 --> 01:04:30,099 there's not a PayPal option nope hi 1490 01:04:27,999 --> 01:04:31,569 everybody that is it for today though 1491 01:04:30,099 --> 01:04:35,589 again all you got to do is go to BCT 1492 01:04:31,569 --> 01:04:37,569 now.com ford slash fab BCT now com4 1493 01:04:35,589 --> 01:04:39,789 slash feb the price is available for the 1494 01:04:37,569 --> 01:04:43,089 next 24 hours again this is the best 1495 01:04:39,789 --> 01:04:46,289 price we have done for these and I had 1496 01:04:43,089 --> 01:04:49,539 to fight to get to this slow alright 1497 01:04:46,289 --> 01:04:52,170 after the after 30 days the membership 1498 01:04:49,539 --> 01:04:54,660 is 147 a month if you want to stay 1499 01:04:52,170 --> 01:04:57,880 signed up thanks thanks Marcus 1500 01:04:54,660 --> 01:05:01,029 cool workshop thanks wolf gang many 1501 01:04:57,880 --> 01:05:02,920 thanks thanks green thanks Mike you 1502 01:05:01,029 --> 01:05:04,269 registered good deal thanks Bill 1503 01:05:02,920 --> 01:05:05,829 you know like I said I always try to 1504 01:05:04,269 --> 01:05:08,199 teach you I always want to make sure you 1505 01:05:05,829 --> 01:05:10,689 learning something so have a great 1506 01:05:08,199 --> 01:05:13,390 weekend everybody the training room 1507 01:05:10,689 --> 01:05:15,069 again it'll be open on Tuesday so open 1508 01:05:13,390 --> 01:05:16,859 up Tuesday closed on Monday because 1509 01:05:15,069 --> 01:05:20,769 markets are closed through the holiday 1510 01:05:16,859 --> 01:05:23,439 so how good we can hope you guys enjoyed 1511 01:05:20,769 --> 01:05:25,799 it and until next time happy trading 1512 01:05:23,439 --> 01:05:25,799 everyone