If you are interested in simple, pure price action trading, with NO indicators – nothing – then take a look at this week’s video. You’ll hear about the tremendous trading results by one of our Coach’s Corner members, Darko. As the subject line says, he has been profitable in 15 out of the last 16 months using this approach. (The one month that he wasn’t profitable, his loss was only 0.5%).
Just check this out:
This past month, Darko has been profitable on 14 trades in a row, and his account grew by 14% (with no more than 1% account risk). His trading plan is very objective, and…learnable!!
If you would like to find out how he has achieved these results, good news:
Darko is going to be a Coach’s Corner guest on Monday October 9th. He will show exactly how he trades and you can ask him whatever questions you like!
The theme of this week’s video is risk and reward, and the approach that we teach to our Coach’s Corner members. You’re going to see some stellar illustrations from just this past week (multiple trades) from Mick, one of our CC members from Australia. Mick achieves very high reward/risk by applying these concepts.
These are textbook trades, just the way we teach, and you’ll see how he sets his trades up, where he places his (very small) stop, and where he takes profit.
You can view this very clear illustration in this video.
There are HUGE advantages to taking on trades with very small pip risk, and this is a skill that anyone can learn. If you’re unsure about this kind of approach, I think you’ll find some “ah-ha” moments in this video!
The bottom line is this: If you don’t understand things like risk, reward, leverage, trade management etc, you are going to have a very nasty trading experience. Don’t forget…these are things that YOU get to control.
“Your Coach’s Corner sessions are invaluable and I am anxiously looking forward to future tutorials”.
This week, my Coach’s Corner partner, Sarid Harper, has recorded a video for you. This video is an absolute “must see” if you have any questions at all about how the CC and the Pipnotic S/D software can help you.
In this video, you”ll see what a truly great tool the S/D indicator is, as it automatically displays key levels of supply/demand. These levels have been filtered by the software according to very specific characteristics that are associated with proper S/D level qualifications. As you”ll see, the accuracy can be pretty amazing.
The key to Sarid’s outstanding returns is his risk management. Keep in mind that the 14% return over the past 2 months has been achieved by risking no more than 1% per trade. Prudent risk management is at the heart of successful trading. Without it…you know the story.