Hi Everybody,
Yesterday was a hard day for the Standard Traders among you as there were a number of losing (-1R) trades that unfolded in the afternoon, so the question I am asked all the time is whether there is a way to avoid these losses. As I know, we all don’t like losses.......
Well, yes, and this is what I teach day after day on the Advanced Blog, and it is to use the “larger degree trend” on the 15min Charts.
I know that the STF was still blue, so the standard guidelines said to buy, but what you all need to understand (and I go into detail on this in the Trading Course), is that every indicator in the world is “lagging”. In other words it will always be “behind” a tune. We only have the STF in the program as an easy way to help newer traders get to the basic level, before they make the transition to a more advanced trader. But for the more Advanced Trader, we have WPT’s and DP’s which are “leading” in other words ahead of the turns. But you need to “learn” how to use them....
So we DO have a brilliant way to help you “anticipate” the larger degree trend, and this is why I spend so much time on this education, in the hope that once you become comfortable with the Standard setups and guidelines, you all want to take the next step and become an Advanced Trader. When you make this step not only can you avoid otherwise losing trades like these, but also additional trade opportunities open up to you.
Yesterday was a hard day for the Standard Traders among you as there were a number of losing (-1R) trades that unfolded in the afternoon, so the question I am asked all the time is whether there is a way to avoid these losses. As I know, we all don’t like losses.......
Well, yes, and this is what I teach day after day on the Advanced Blog, and it is to use the “larger degree trend” on the 15min Charts.
I know that the STF was still blue, so the standard guidelines said to buy, but what you all need to understand (and I go into detail on this in the Trading Course), is that every indicator in the world is “lagging”. In other words it will always be “behind” a tune. We only have the STF in the program as an easy way to help newer traders get to the basic level, before they make the transition to a more advanced trader. But for the more Advanced Trader, we have WPT’s and DP’s which are “leading” in other words ahead of the turns. But you need to “learn” how to use them....
So we DO have a brilliant way to help you “anticipate” the larger degree trend, and this is why I spend so much time on this education, in the hope that once you become comfortable with the Standard setups and guidelines, you all want to take the next step and become an Advanced Trader. When you make this step not only can you avoid otherwise losing trades like these, but also additional trade opportunities open up to you.
Please now take a look at the Advanced Blog to see how all these long traders were “against” a decline off a 15min DP resistance area, so should have been avoided.
Thanks, Steve
Posts
