Notes from today’s LIVE Trade Room Q&A Session

Difference
between pullbacks and retracements

–
Pullbacks
are when the price moves higher and then ‘pulls back to Support’.

–
Retracements
are when the price moves lower and ‘retraces off the lows’

When we
announce entries ahead of time?

–
With
the fast track method trades

–
Every
new trader will begin on the fast track method

–
Very
simple

–
Always
the PERFECT patterns

–
Then
I feel confident committing to a pre-determined entry, stop loss and target.

–
Not
every trade will have the ‘perfect’ recipe for success

o
Faster
timeframes

o
Slower
timeframes

o
Higher
risk trades

Third
week of March

–
Trade
room will be closed march 12-16th

–
Re-open
the following Monday

–
4
different asset classes expiring

–

Dollar
index charts w/ 1 monitor

–
21range

–
180
days of data

–
Zoom
ALL the way out to find the

o
Price
wedge

o
Channels

o
Ranges

o
‘advanced
price-structures’

–
Look
for the short term on this timeframe (just fast enough)

–
Look
for the major turning points on that timeframe

–
Template
= 89range

Why no
Gaps?

–
24
hour charts, there are none

–
They
don’t occur every day, so its hard to trade them with consistency

–
Often
too much risk because you’re HOPING the price rises.