Course Notes
Here are some of the elements of the course.
Right now the plan is to offer it as a set of videos
available online.
It's about 2 hours of video, walking through the
concepts then applying them to about 1 year of trading data.
The concept works for all markets, but the examples are on EUR/USD.
It shows:
- how to define trends and consolidations
- the 2 strategies and how to apply them to each market
condition
- how to 'shift gears' as the market transitions between
trends and ranges (and vice versa)
- the 3 indictors that are used to analyze and trade
- the difference between analysis and trading
- 3 conditions that make up a consolidation/range
- where to place entries, stops and targets for ranges
- 3 entry methods of trends
- 2 exit criteria for trends and why we don't use targets
Here's how it works...
STEP 1: Fire up your charting software (this can be
the free charts that most brokers offer, or from online), and plot 3
indicators.
STEP 2: You'll start off using the first indicator to get a read on
the market. It will help you decipher whether the market is in a
trend or a range.
STEP 3A: If you're in a range you'll use the second
indicator to confirm when is the right time to start applying the
range trading strategy. (Just because you're in a range DOES NOT
mean you should start trading it.) You'll use this strategy until
the market indicates it's time for the trend to take over.
STEP 3B: If you're in a trend you'll use the third indicator along
with the trend trading strategy to time your entries, set your stops
and look for more entry points. This allows you to really maximize
extended trends and gives you a way to get into trends you might
have initially missed! You'll use this strategy until a range
appears when price hits 'indicator 1'.
Then as the market alternates from trend to range and back, you'll
simply flow from one strategy to the other all based on what
'indicator 1' dictates.
That's it - 3 steps...
I know it sounds almost TOO obvious when I explain the process like
this, but I think that's really where most systems miss the boat,
they overcomplicate and focus on the wrong things. And that's
why I think most people struggle to really make it in the markets.
Release Date + Best Testers
This course is planned to be released July 1st. But
before then I'll be looking for some beta testers.
If you'd like to get on the list for beta testing, or want to learn
more about the course sign up below.
I'll announce to that list when beta testing is
opened.
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