| Topics and Tips Covered |
- 20 MA and 50 MA – between is No Trade zone
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- 50 and 200 period Moving average
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- 60 minute chart – 20 period MA and trend and RSI placement/neutral
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- 60 minute chart – Critical to have trend or expect snapback
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- Accumulation and Distribution
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- Adrenaline Trades – NONE – Wait for proper setup only – less painful
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- Backup plan before going into a trade
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- Better to be out of a trade then in one and wish you weren’t
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- Bordom trading – counter trend
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- Business of trading – need to follow the plan
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- Capital preservation is job ONE
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- Channel trading – Las Vegas trade show – who sees a trade?
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- Confluence or Consolidation
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- Control freaks – cannot control markets – stack probabilities
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- Cost basis close to major support or resistance levels
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- Executing a trade and considering MTF charts for Risk
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- Expectations in trade not met then get out
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- Failing trades – 20MA goes flat then get out
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- High vs low probablity trades
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- Junior traders and the one that got away
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- Low probability trades – just because you can does not mean you should
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- Moving Average support with MTF
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- News and earnings announcements
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- Pressure to trade – Damage and disrepair
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- Professional trader – becoming one and growing confidence
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- Random distribution of winning and losing trades – Revenge trading
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- Revenge trading – avoid – Alpha males and Alpha females
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- Scale in levels – where do I scale in?
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- Scale in only in direction of solid trend – Senior trend
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- Scaling – not comfortable – do not do it
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- Scaling and distance to resistance levels
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- Scaling and Trailing stops
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- Scaling Entries – Risk assessments – Trend and support nearby
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- Scaling entry is very far from 20 MA – Back up plan – initial entry is small
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- Scaling in sideways – Do not do !!!
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- Scaling into trades only WITH trends
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- Scaling pyramid – with Trend, Cost basis improvement – Support and Resistance
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- Scalping day trades turn into long term holdings
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- Size of entry – number of contracts
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- Speedline trend continuation trade – 5 and 15 minute charts
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- Speedlines need to go with the trend
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- Support and Resistance transition phase – S and R less effective
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- Time is not your friend in a failing trade
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- Trade with trend only – Never take a counter trend trade
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- Trading the money, contract size and comfort level
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- Trend needs to have AIR in bars to count – Junior and Senior
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- Trends and names – all stars in alignmen
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