How to double your chances
Power Trades
Strategies by Hubert Senters www.TradeTheMarkets.com
Welcome To Trading
The Good News is…
www.TradeTheMarkets.com
Can You Make It? • You have less than a 9% chance.
• 91% only last 3 months. Blow there accounts up. • How you can increase your chance of making it. • Steps you can take. • What are the 9% doing different
Successful Traders • • • • • • • • www.TradeTheMarkets.com
Push the Right Buttons
www.TradeTheMarkets.com
Biggest lie on Wall Street
The Smarter you are or think you are the more you will lose. The less you think the more you will make.
The more you know the less you need. The less you need the more you will make.
Strange but True • • •
www.TradeTheMarkets.com
This Never Hurts
www.TradeTheMarkets.com
Homework and Market Research • • • • •
Must keep Separate Dr. Jeckel and Mr. Hyde Have little to no value for intraday trading No preconceived Notions Kill your Decisions, Performance and P&L
Action Item • No News Feeds for 30 days of any kind. • If you mess up and slip up. • Restart at Day Zero (0)
Wake Up late to get Ahead • • • •
Try sleeping in… Might not work for all but try it. If you are a early riser No news of any kind If you want to do some thing exercise, read, work on other business, or look at markets pre market to see how they act.
Globex High and Low • Pre market • Make note of high and low • TradeStation has a built in indicator
Avoid Land Mines • • • • • •
Econoday fidweek.econoday.com Scan Note important news Items For currencies use http://www.dailyfx.com/calendar http://www.forexfactory.com
Action Item • • • •
If Flat Prior to number stay that way. If in a position and have no cushion Exit. If in a position and have enough Cushion stay. If unsure Exit
Good Morning Sunshine • Wake at 9:20 a.m. - 9:10 a.m. at the earliest • Head ups turn off Windows auto update feature • Have machine prepared and all ready on.
First Things First • • • • • •
Is there a gap? If so up or down? What day of the Month is it? Last first OEX What day of the week is it? How Big is the gap? Color of TTM Trend
First Things First •
• • •
• • www.TradeTheMarkets.com
How to set up a Gap Chart • • •
www.TradeTheMarkets.com
What is the probability of a gap fill (total) and which day of the week is a gap fill most likely?
• • • • •
www.TradeTheMarkets.com
What size gaps are most likely to close?
www.TradeTheMarkets.com
Caution Land minds • • • • • • • • •
www.TradeTheMarkets.com
What is the probability of half the gap filling? • •
www.TradeTheMarkets.com
Using TTM Trend For Entry
www.TradeTheMarkets.com
Gap up look at TTM need 2 to go short and or a tick hook
www.TradeTheMarkets.com
Still got you first 10 point before it reversed on you
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Part 1 @9:30 am this is what the gap looks like
www.TradeTheMarkets.com
Part 2 TTM turn Blue Step up go long.
www.TradeTheMarkets.com
TTM Trend – How It Works
www.TradeTheMarkets.com
www.TradeTheMarkets.com
What is it doing
www.TradeTheMarkets.com
Heikin-Ashi • • • •
www.TradeTheMarkets.com
Quick Recap on TTM Trend • Superior to “Single Bar” analysis.
• Refers back to the prior 6 bars to collect extended data on order flow. • Blue bars indicate sustained buying pressure, indicating that the average closing price of the prior 6 bars is in the upper 50% of the trading range. (Selling pressure = lower 50%)
• Red bars indicate sustained selling pressure.
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
The Squeeze Trade
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
ADX Average Directional Index
www.TradeTheMarkets.com
How to stop Chasing by using Tick Hooks.
www.TradeTheMarkets.com
51
Extreme Positive Ticks
Extreme Negative Ticks www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Rubber band Trade
www.TradeTheMarkets.com
Linear Regression Channel Setting
www.TradeTheMarkets.com
Ambush Trade
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
“Gotcha Sucker!” Trade
www.TradeTheMarkets.com
76
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Hot Knife through Butter Kiss Trade.
www.TradeTheMarkets.com
HKTB
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
How to Trade Gold For a Living How it all got Started
Gold Trading Secrets
Strategies by Hubert Senters
www.TradeTheMarkets.com TradeTheMarkets.com
92
Gold Trading Secrets • • • • • • • • • TradeTheMarkets.com
93
TradeTheMarkets.com
94
TradeTheMarkets.com
95
Gold Bug Trade (Intraday) •
• • •
• • TradeTheMarkets.com
96
The general rule applies here when you want to be double your chance of making cash when trading Gold • •
• • •
• TradeTheMarkets.com
97
TradeTheMarkets.com
98
TradeTheMarkets.com
99
Gold Rush Trade • •
• • • • •
•
TradeTheMarkets.com
100
TradeTheMarkets.com
101
TradeTheMarkets.com
102
TradeTheMarkets.com
103
TradeTheMarkets.com
104
Gold Wiggle Trade • • • • • • • •
6:00- 6:30 Open Range Observe Buy or sell the Push Fill Holes in Order Book Wiggle Stop Watch and see if Gravity will Take place Small Risk 1-3 TradeTheMarkets.com
105
Gold Night Gold Trade • Up trend Or down Trend
• + or – 3 points be for entry • Place trade at 11:30 pm -5:00 am EST • 6 point Stop loss
• Target Open • Add to or Scale Out Use ATR For Targets TradeTheMarkets.com
106
TradeTheMarkets.com
107
TradeTheMarkets.com
108
Right Click Insert Analysis Technique
TradeTheMarkets.com
109
Check Prompt for Format
TradeTheMarkets.com
110
TradeTheMarkets.com
111
TradeTheMarkets.com
112
Lets look at a more statistical approach to overbought and oversold
Value Charts • Innovative • Pinpoints overbought and oversold area • Changes with the market overtime • Provides a Universal definition for extreme market volatility across most markets
Value Charts Help Identify • Significantly Overbought
+8
• Moderately Overbought
+4 to +8
• Fair Value
-4 to +4
• Moderately Oversold • Significantly Oversold
-4 to -8 -8
What is Value Chart • It’s a way of looking a a HLOC • Using the overlap as the Value Area • Calculate the Value area • Set up overbought and oversold • 1sd and 2sd
Price Action Profile 1SD AND 2SD • SPX 4.1-8.2 • GM
4.3-8.6
• OIL
4.5-8.9
• GOLD
4.6-9.2
• US
4.2-8.4
• S
4.3-8.5
Ways to Use Value Charts • Find Up Trend Buy Pullbacks • Find Down Trend Short Retrenchments • Use RSI, STOS,MACD, Trend lines or MA 9,21,50
• If sideways use as decision points • Follow through trade • Chart patterns and other setups that you may have
TradeTheMarkets.com
129
Notes David Stendahl http://www.chartresearch.com +3 long -3 short Intraday stop 3 points Overnight Stop 6 points Targets overnight 15,20,40,60 or open
TradeTheMarkets.com
130
Linear Regression Channel
Source: ProphetCharts and investopedia.com
www.TradeTheMarkets.com
Rubber band Trade
www.TradeTheMarkets.com
Linear Regression Channel Setting
www.TradeTheMarkets.com
ADX Average Directional Index
www.TradeTheMarkets.com
www.TradeTheMarkets.com
What If you could look inside a candle?
www.TradeTheMarkets.com
What is it looking for? • • • •
• •
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Limit Move Know Your Limits
Strategies by Hubert Senters www.TradeTheMarkets.com
Welcome To Trading
The Good News is…
www.TradeTheMarkets.com
Can You Make It? • You have less than a 9% chance.
• 91% only last 3 months. Blow there accounts up. • How you can increase your chance of making it. • Steps you can take. • What are the 9% doing different
Successful Traders • • • • • • • • www.TradeTheMarkets.com
Push the Right Buttons
www.TradeTheMarkets.com
Biggest lie on Wall Street
The Smarter you are or think you are the more you will lose. The less you think the more you will make.
The more you know the less you need. The less you need the more you will make.
Strange but True • • •
www.TradeTheMarkets.com
This Never Hurts
www.TradeTheMarkets.com
Homework and Market Research • • • • •
Must keep Separate Dr. Jeckel and Mr. Hyde Have little to no value for intraday trading No preconceived Notions Kill your Decisions, Performance and P&L
Action Item • No News Feeds for 30 days of any kind. • If you mess up and slip up. • Restart at Day Zero (0)
Wake Up late to get Ahead • • • •
Try sleeping in… Might not work for all but try it. If you are a early riser No news of any kind If you want to do some thing exercise, read, work on other business, or look at markets pre market to see how they act.
Globex High and Low • Pre market • Make note of high and low • TradeStation has a built in indicator
Avoid Land Mines • • • • • •
Econoday fidweek.econoday.com Scan Note important news Items For currencies use http://www.dailyfx.com/calendar http://www.forexfactory.com
Action Item • • • •
If Flat Prior to number stay that way. If in a position and have no cushion Exit. If in a position and have enough Cushion stay. If unsure Exit
Good Morning Sunshine • Wake at 9:20 a.m. - 9:10 a.m. at the earliest • Head ups turn off Windows auto update feature • Have machine prepared and all ready on.
First Things First • • • • • •
Is there a gap? If so up or down? What day of the Month is it? Last first OEX What day of the week is it? How Big is the gap? Color of TTM Trend
First Things First •
• • •
• • www.TradeTheMarkets.com
How to set up a Gap Chart • • •
www.TradeTheMarkets.com
What is the probability of a gap fill (total) and which day of the week is a gap fill most likely?
• • • • •
www.TradeTheMarkets.com
What size gaps are most likely to close?
www.TradeTheMarkets.com
Caution Land minds • • • • • • • • •
www.TradeTheMarkets.com
What is the probability of half the gap filling? • •
www.TradeTheMarkets.com
Using TTM Trend For Entry
www.TradeTheMarkets.com
Gap up look at TTM need 2 to go short and or a tick hook
www.TradeTheMarkets.com
Still got you first 10 point before it reversed on you
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Part 1 @9:30 am this is what the gap looks like
www.TradeTheMarkets.com
Part 2 TTM turn Blue Step up go long.
www.TradeTheMarkets.com
TTM Trend – How It Works
www.TradeTheMarkets.com
www.TradeTheMarkets.com
What is it doing
www.TradeTheMarkets.com
Heikin-Ashi • • • •
www.TradeTheMarkets.com
Quick Recap on TTM Trend • Superior to “Single Bar” analysis.
• Refers back to the prior 6 bars to collect extended data on order flow. • Blue bars indicate sustained buying pressure, indicating that the average closing price of the prior 6 bars is in the upper 50% of the trading range. (Selling pressure = lower 50%)
• Red bars indicate sustained selling pressure.
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
The Squeeze Trade
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
ADX Average Directional Index
www.TradeTheMarkets.com
How to stop Chasing by using Tick Hooks.
www.TradeTheMarkets.com
51
Extreme Positive Ticks
Extreme Negative Ticks www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Rubber band Trade
www.TradeTheMarkets.com
Linear Regression Channel Setting
www.TradeTheMarkets.com
Ambush Trade
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
“Gotcha Sucker!” Trade
www.TradeTheMarkets.com
76
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Hot Knife through Butter Kiss Trade.
www.TradeTheMarkets.com
HKTB
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
How to Trade Gold For a Living How it all got Started
Gold Trading Secrets
Strategies by Hubert Senters
www.TradeTheMarkets.com TradeTheMarkets.com
92
Gold Trading Secrets • • • • • • • • • TradeTheMarkets.com
93
TradeTheMarkets.com
94
TradeTheMarkets.com
95
Gold Bug Trade (Intraday) •
• • •
• • TradeTheMarkets.com
96
The general rule applies here when you want to be double your chance of making cash when trading Gold • •
• • •
• TradeTheMarkets.com
97
TradeTheMarkets.com
98
TradeTheMarkets.com
99
Gold Rush Trade • •
• • • • •
•
TradeTheMarkets.com
100
TradeTheMarkets.com
101
TradeTheMarkets.com
102
TradeTheMarkets.com
103
TradeTheMarkets.com
104
Gold Wiggle Trade • • • • • • • •
6:00- 6:30 Open Range Observe Buy or sell the Push Fill Holes in Order Book Wiggle Stop Watch and see if Gravity will Take place Small Risk 1-3 TradeTheMarkets.com
105
Gold Night Gold Trade • Up trend Or down Trend
• + or – 3 points be for entry • Place trade at 11:30 pm -5:00 am EST • 6 point Stop loss
• Target Open • Add to or Scale Out Use ATR For Targets TradeTheMarkets.com
106
TradeTheMarkets.com
107
TradeTheMarkets.com
108
Right Click Insert Analysis Technique
TradeTheMarkets.com
109
Check Prompt for Format
TradeTheMarkets.com
110
TradeTheMarkets.com
111
TradeTheMarkets.com
112
Lets look at a more statistical approach to overbought and oversold
Value Charts • Innovative • Pinpoints overbought and oversold area • Changes with the market overtime • Provides a Universal definition for extreme market volatility across most markets
Value Charts Help Identify • Significantly Overbought
+8
• Moderately Overbought
+4 to +8
• Fair Value
-4 to +4
• Moderately Oversold • Significantly Oversold
-4 to -8 -8
What is Value Chart • It’s a way of looking a a HLOC • Using the overlap as the Value Area • Calculate the Value area • Set up overbought and oversold • 1sd and 2sd
Price Action Profile 1SD AND 2SD • SPX 4.1-8.2 • GM
4.3-8.6
• OIL
4.5-8.9
• GOLD
4.6-9.2
• US
4.2-8.4
• S
4.3-8.5
Ways to Use Value Charts • Find Up Trend Buy Pullbacks • Find Down Trend Short Retrenchments • Use RSI, STOS,MACD, Trend lines or MA 9,21,50
• If sideways use as decision points • Follow through trade • Chart patterns and other setups that you may have
TradeTheMarkets.com
129
Notes David Stendahl http://www.chartresearch.com +3 long -3 short Intraday stop 3 points Overnight Stop 6 points Targets overnight 15,20,40,60 or open
TradeTheMarkets.com
130
Linear Regression Channel
Source: ProphetCharts and investopedia.com
www.TradeTheMarkets.com
Rubber band Trade
www.TradeTheMarkets.com
Linear Regression Channel Setting
www.TradeTheMarkets.com
ADX Average Directional Index
www.TradeTheMarkets.com
www.TradeTheMarkets.com
What If you could look inside a candle?
www.TradeTheMarkets.com
What is it looking for? • • • •
• •
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
www.TradeTheMarkets.com
Limit Move Know Your Limits
