Fast Track Day Trading Method Review from SchoolOfTrade.com

– FAST Track Entry rules

o What to watch and when

 Do I have enough room?
 Momentum looking perfect?
 Speed of the tape increasing?
 Big money to support my trade around my point of entry
 New trader stay patient for the best patterns, and avoid the marginal patterns

– AVERAGE TRUE RANGE

o Watch the video on the blog for the basics
o Check the advanced course for the SPECIFICS
o Open your 2-3 min chart
o Load the template “james 2-min range”

– What am I watching when I take a trade?

o Check the blog:
o I use my entry rules

 They are listen in order of importance

– What would my stops be on the 13range trades?

o Scalping = my stops are always 6-10 ticks
o Day trading I will use the market’s S/R to tell me where
o I always need to make sure my risk/reward ratio is less than 1.5:1

 Looking for 20 ticks of profit, I need to have less than a 10 tick stop

o Where can you find more information on this in the adv course?

– Correlation between dollar AND RUSELL?

o Yes there is, but the russel is a range-bound market just like the ES, and that means we will have a hard time seeing the market really move.

– Trade management chart, macd indicator at bottom