A Video Update Outlining New Setups

I wish I would've blown out my account months ago because i've learned more in the past 48 hours than I have in the past 48 months.

I've been working crazy amounts of time developing an all inclusive Show Me indicator that could cut down on backtesting and make it very easy to not only scan markets but visually see at a glance potential trade setups. As I mentioned previously i'm focusing on pure price action entries around areas of support and resistance or pure trend entries. I'm putting a definitive effort on truly getting 2X reward on every trade - something i've never done before in my life.

The craziest thing about trading pure price action for me is how simple it really is. I had avoided it like the plague because I never wanted to put in the time to learn the setups and how and why they work. I was content to complicate my life with indicators.

But once you make that initial effort they are simple, they are everywhere, and i'm really able to get into trades with less risk than ever before. I used to wait for price to do X, Y, and Z on the indicators to get me into a trade. By the time the move was "confirmed" and I got in price had typically already made one hell of a move. This usually meant I was caught on the wrong side of the market once again and stopped for a loss. The best signals are the ones that occur right after the rejection where you can get in as the move builds from its point of origination. If you aren't in there - you aren't in soon enough.

It truly is a completely different mindset to anything and everything i've ever done before. But its so simple. I think the biggest difference in this approach is the avoidance of counter trend setups and the reliance on using prior S/R areas to define and qualify price action setups. I don't fight the trend anymore. I took so many great little IB Fakeout moves today with the trend it was crazy. I had 1 of 7 that didn't work. As far as the prior S/R is concerned with double bottoms and double tops i'm amazed at how often they coincide with price action setups together at turning points.

One of the other big things that I feel makes a huge difference in the approach is the idea of being the contrarian with these setups. I don't mean contrarian in the sense of shorting a rising market or randomly trying to catch tops or bottoms, but the idea of waiting for the market to fake people into doing just that, and then taking that group of traders money. I've never done that before. I did it a shit ton today and it easy as hell. Except I had always been on the other side of that equation. One of the things i've always heard is that the pros are always the contrarian point of view. I just never knew what it really meant or how to apply it.

The video is 10 minutes long but its well worth it. I feel like this is the most substance and profitable advice i've ever presented anywhere to anyone. I'm trying a new video host that should avoid the bandwidth issues I was having as well as being fast, free, and able to show HD quality.

Here's a new better quality video link as of 4:45PM.

Video Down. Making a UBER webinar to be released in a bit.

I thought I was going to have to hold off and only trade 60min/240min/Daily time frames but its just not the case. I think I can be just as effective and profitable trading the lower timeframes as well. For now, i'm doing it more for exercise getting used to the setups and can see myself drifting towards longer timeframes for bigger setups but i'm content to trade small and fast for the time being.