Trading Is Not That Difficult
Proof that trading is not as difficult as most traders think
Most traders have a tendency to overthink trading, but trading is actually simple. Trading only boils down to these 6 trade setups: gap, support and resistance, trend, time and price, momentum, and candlestick. These are the six trade setups, the only 6 trade setups that you have to know. How difficult is it to learn 6 trade setups?
I’ve made it easy for you by highlighting the 1st letter: GSTTMC: gap, support and resistance, trend, time and price, momentum and Candlestick. There are three other things that are critical if you want to be able to trade successfully and consistently, and that is determining the intraday high or low, knowing the previous closing price, and knowing how to apply the tailor trading technique and the tailor trading zone.
Here’s what I mean. This is the chart for Wednesday, November 27th, the day prior to the Thanksgiving holiday, and the market was opening up just at about 9:00. Right at the previous day’s close, right over here on my chart, this black horizontal line is where the market closed on Tuesday. So how do we use the six trade setups plus these three items? The intraday higher low, the previous closing price, and the tailor trading zone to determine. How to trade and where to trade?
Let’s see how the day progressed. On Wednesday morning when the market opened. Prices were coming in at equilibrium. They dove down and just at about 10:00. We can see that there was an intraday high put in right over here at 6035. And where did the market go? Let’s take it a little further. By 10:30, the market continued on its downward slide. Now this could be a momentum trade that is an indication of a trade setup. But where is the market going to go? Well for that, we have to know the tailor trading zone and how to apply it. We have to know where the market is going to go and to do that we take a calculated guess but educated guess and move the tailor trading zone to the intraday high which was put in just before 10:00 AM. So we take our tailor trading zone, we clone it. And we transpose it to the intraday high right over here at 6035. So at 10:30 we’ve transposed our tailor trading zone.
Let’s continue with the day and see where the market actually went. The market went exactly to the transposed tailored trading zone support at 6001 and so by 10:30 when the market was trading at 6020 that the trading zone was going to tell us that the market was going to trade down to around 6000. And so we move our tailored trading zone, we take a trade at 10:30 at 6020. And we take the trade down to 6001, a 19 point or 20 point trade. Not too bad, right? That’s why trading is not difficult.
Trading is simple if you know the six trade setups, the intraday high and/or low, the previous closing price, and the tailor trading zone. These are the only items to look for. So where can you learn these 6 trade setups and learn about the tailor trading zone? You go to Timelessdollar.com. Trading mastery for financial freedom is a course where you’ll learn about these 6 trade setups and the tailor trading calculator. Click right over here and you’ll learn everything you have to know about the tailor trading calculator and get yourself your own copy. Thanks so much for watching, I’m Marv Eisen. Trade safely, use lots of patience and I hope you had a great Thanksgiving, and I’ll see you in my next video.
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