Topics and Tips Covered

• 20 MA and 50 MA - between is No Trade zone

• 50 and 200 period Moving average

• 60 minute chart - 20 period MA and trend and RSI placement/neutral

• 60 minute chart - Critical to have trend or expect snapback

• Accumulation and Distribution

• Adrenaline Trades - NONE - Wait for proper setup only  - less painful

• Backup plan before going into a trade

• Better to be out of a trade then in one and wish you weren't

• Bordom trading - counter trend

• Business of trading - need to follow the plan 

• Capital preservation is job ONE 

• Channel trading - Las Vegas trade show - who sees a trade?

• Confluence or Consolidation

• Control freaks - cannot control markets - stack probabilities

• Cost basis close to major support or resistance levels

• Emotions and Trading

• Executing a trade and considering MTF charts for Risk

• Expectations in trade not met then get out

• Failing trades

• Failing trades - 20MA goes flat then get out

• Go lighter on size

• High vs low probablity trades

• Junior traders and the one that got away

• Low probability trades - just because you can does not mean you should

• Moving Average support with MTF

• News and earnings announcements

• No revenge trading

• No Trading times

• Pressure to trade - Damage and disrepair

• Professional trader - becoming one and growing confidence

• Random distribution of winning and losing trades - Revenge trading

• Revenge trading - avoid - Alpha males and Alpha females

• Risk assessment

• Rule followinng

• Scale in levels - where do I scale in?

• Scale in only in direction of solid trend - Senior trend

• Scaling - not comfortable - do not do it

• Scaling and distance to resistance levels

• Scaling and Trailing stops

• Scaling Entries - Risk assessments - Trend and support nearby

• Scaling entry is very far from 20 MA - Back up plan - initial entry is small

• Scaling in sideways - Do not do !!!

• Scaling into trades only WITH trends

• Scaling pyramid - with Trend, Cost basis improvement - Support and Resistance 

• Scalping day trades turn into long term holdings

• Size of entry - number of contracts

• Speedline trend continuation trade - 5 and 15 minute charts

• Speedlines need to go with the trend

• Support and Resistance transition phase - S and R less effective

• Swiss Cheese

• TC 20 trade

• Time is not your friend in a failing trade

• Trade with trend only - Never take a counter trend trade

• Trading the money, contract size and comfort level

• Trend needs to have AIR in bars to count - Junior and Senior

• Trend transition process

• Trends and names - all stars in alignmen