Learn How to Trade the Fast Track Method

Who:  New & Experienced Traders
New traders need to learn the basics first, and then experienced traders a lot of times have bad habits.
What:
Teaches you the right trading habits to set yourself a strong foundation for the future.
Patience to wait for the best patterns at the best times and the best entries.
–          Patience to let the trade play out.
–          Simplifies the entry process.
–          That a loss wont kill you.
–          How to avoid the losses tomorrow and how to take more of the winning trades from today.
Where:
Any market will work, any timeframe will work
Best trades come at the extremes.  The highs of the wedge, the highs of the range, the highs of the channel.  Or visa versa, the lows, the lows of the range, etc.
When:
Any time of day, any timezone, any market, anything goes.
Why: 
To get you started earning money while you learn.  This is the most effective way to do it.
Three main time zones for traders:
–          US Session 800am EST
–          European Session:  3am EST – 1130am EST
–          Asian Session:  7pm EST
They will all use the dollar correlation
–          Managing Risk
–          Cleaner Patterns (always look the same)
–          There less sloppy candles all cluttering my chart, makes it look cleaner.
–          Average of the range of your price action over a specific period of time.
–          3 min chart using average true range will look for the avg of the ‘true range’ over the last 3 minutes.
–          I do not want to trade when the ATR is dropping.
–          I want to look for trades when the ATR is rising.
–          Every once in a while the ATR is SO HIGH b/c of low volume that it becomes too difficult to trade.
–          I don’t care what the expect ATR reading is, the number doesn’t matter.
–          I want to trade when the ATR is rising, and avoid trades when it falls.
–          Use a slower timeframe to find the most important levels (89range)
–          Zoom in on a faster timeframe to plan my attack. (34range)
–          Then I use an even faster timeframe to enter the trade (13range)
–          Then even faster to manage the trade. (144tick/4range)
Tick = smallest increment of price.
99.01
.01 = the tick
Range = the number of ticks in that candle.
13-range chart = each candlestick has 13 ticks of range.

    schooloftrade

    Click Here to Leave a Comment Below

    Anonymous - June 21, 2011 Reply

    Cool video!

    Anonymous - September 9, 2011 Reply

    Hi,
    The Thursday, September 8, 2011, Live Trade Room Handy Links and Learn How to Trade the Fast Track Method are great learning guides and very great for more and more SALES!!!

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