Firstly let me ask…..

• What are you trying to do?
• What is your plan?
• Where are you now?
• Where do you want to be?

So many people come to trading looking for the “quick fix”, the “instant profts”  (Thanks to sites like forexrobottrading.com !!) and have no real idea of actually what “REAL” trading is like.

So let’s first look at what REAL trading is like

Here’s Wednesdays Trades

Four Trades:-
+320
-400
+340
+240
For a total of  $500. On each trade there is approximately $400 at risk. So on Wednesday I made a little more in total that I risk on One trade.

This is REAL trading…..

So why didn’t I catch that great Up move?  Or that great Down move?

Well Sometimes I do,…..     BUT you cannot,    CANNOT     set out to trade with the intention of getting those sort of moves. If you happen to be in the market when they happen, and you can take some nice profits - great. But the bread and butter trades are what make or break you as a trader, and it’s that type of trading, the REAL trading, that we’ll look at from now on.

So THE 3 SECRETS…….

No1

What Do You SEE?

Too many aspiring traders ignore the basics……   they just see the Very Obvious – the big moves
They don’t seethe bar patterns, the “mood” of the market, support & resistance…….

Whilst I don’t trade with such a simple chart myself, and wouldn’t suggest that you do,  understanding how prices move,  what does this pattern tell me about the maket psychology,  where are there clusters of “novice” traders orders that you can trade against.

If you understand enough about the market all these things can help you develop a “feel” for the market that – I’m afraid – you must have to be successful.

Trading a purely mechanical system will at best yield just over B/e,results OR only give trades very infrequently so that profits are still limited.

Remember Trading is a Business.
Remember Who you are trading against…..





YOU MUST UNDERSTAND THE BASICS…..

There are 3 PHASES that the market moves in.

Conjestion  -   Range Bound    -   Trending

Examples…..  Gbp/Usd 5min










Seeing these phases and only trading them in a way appopriate to that condition is essential….

These phases occur simultaneously on different timeframes. So we could be in a trend on a 4 hourly chart,  a range bound market on a 15 min chart and in conjestion on a 5 min chart.
Understanding the BIG picture adds to the ability to PICK trades.

Why do many traders fail?
They think that by simply having the right indicatoir, software, broker, system…..  they can be profitable. If you’re going to be a doctor you had better learn how
humans are put together eh.

For example in this shot we have a near double top with a 3 bar reversal with o/b stochastic in a down trend with low risk entry.

1 Trends

• moving average both on this time frame and larger ones
• Adx and Dmi
• long term stochastic
• Macd 2

2 Range Bound

• Stochastic
• moving averages
• Macd
• Adx and Dmi
• Bollinger Bands

3 Conjested

• Inside bar set-ups
• Support & resistance

Correct use of a combination of these will provide set-ups for each of the 3 phases.

There are then Statistical Tools that we can use to help us.

The major one I favour is the “measuring stick” (all very technical)
This takes the modal “move” made during the times of day you normally trade on the tmeframe above the one you are trading and uses that to assess likelyhood of successful trades.

Then we have Price Patterns – the faithful old head and shoulders, double tops, flags, pennants, and so on. Actually if they combine withmother factors they actually do work but don’t really provide a suitable method to trade on their own.

Then we have Bar Patterns – knowing what the short term price action as shown by the individual bars greatly adds to our understanding of where the market is.. Used in the right circumstances these alone are a viable trading method.

Then we have the biggie…..  Support & resistance..





I could spend hours here but let’s move on to…

• Your relationship with Money
• Money management rules
• Risk -v- Reward
• Winners -v- Losers
• Expectancy per trade
• Fixed trade mgt rules to eliminate emotions once in a trade
• Keep losess small
• What percentage to risk per trade determined by your trading and its results.
• Trading is a jigsaw – all the parts must fit.

Have a way to trade (not just enter but manage the trade also) that suits you and YOUR personality.

THIS IS THE MOST IMPORTANT FACTOR TO SUCCESS IN TRADING.

This is why most people fail – they never take the time, effort, money, determination, etc.  to actually find a way to trade that really suits them, their psychology, their goals, their plans and so on. Yes you can use an existing “system” but every successful trader will have modified it, added to it, or eliminated parts – until it’s theirs.

For most would be traders they have a square piece to a jigsaw that just will ot fit so they give up

Your challenge is to creat YOUR jigsaw puzzle and create all the pieces that go to make it up


HowToDayTrade
is an extensive , in-depth video course that will provide
all the Knowledge to trade the markets (not just Fx) successfully



BUT…..



It has a downside…..


it maybe TOO much information and therefore can for many people be a
little confusing trying to put all the pieces together.


AND….


there is no follow-up support to help you “get it” and overcome the
inevitable hurdles that you will encounter.


SO….


about a year ago I ran a 5 day intensive workshop covering the same
syllabus but in a little less depth with more enphasis on the
application and less on the theory



This was the H2dt ACADEMY..

BUT…

Still no follow up or on-going support.

So the best way I can possible help you gain the knowledge you need to trade successfully, to be able to apply it to your trading, is to provide you with something I give to students of “FiveTicFOREX” which is a daily video tutorial of about 15 to 20 minutes each day where I go through the trades for the day and on Fridays we have a live one hour webinar where I cover different topics each week and of course attendees can quiz me with any problem at all they’re having with their trading.

Also included is inclusion in a Skype Chat Room for Members where I
spend several hours a day as well as my own personal Skype – you can
actually talk to me!


The Complete HowToDayTrade Video Course is $295 but as I said is not top of my recommendations for the reasons above

The H2dt ACADEMY was originally also $295 for those attending the live webinar. However the recordings of course convey exactly the same knowledge and are more convenient if you live outside of the UK (no need to get up at 2am!)

The Daily Video Tutorials and Frday Live Webinar associated with FiveTicFOREX are $47 per month

Here’s the deal ……

• The H2dt ACADEMY webinar recordings – 5 days,video of between 75,minutes and 2 hours each explaining the full syllabus of the H2dt Course
• Access to the Skype Chat Room and my own personal Skype
• AND 30mdays FREE ACCESS to the FiveTicFOREX Daily Video Tutorials and Friday Webinar