Hard vs. Soft Profit Targets and Trade Management Strategies

- Soft vs. Hard Target

o Soft target is where I am content to take profit, but im looking for reasons to extend the runner

 Looking for 3 signs of price reversal
 Looking for the price to bounce off this target, which is why I will take all my profit at this time.

o Hard target is the final target where I need to take profit

 When we see the soft target broken and we want to try to maximize the profits on this trade

- Trade management strategies (atm)

o Setting up the ATM strategies are easy

o Watch the video in the advanced course for all the details on the ATM strategy
o Members can attend training tomorrow @ 1130am EST for specifics.

- Auto- Levels indicator

o Load the templates, not the indicator
o Check the blog for the basics, and bring your questions to training for the specifics
o Use different templates for each market

 Crude
 Gold
 Russell
 Euro

 They are all using different templates

 Templates can be downloaded in the adv course

 We will review all of this tomorrow in training

- Fast Track Method

o The guests in the room can get the basics on the blog

o We did an entire review of this method and posted the recording in the advanced course, all the way at the bottom

o Download the document and watch the video review in the advanced course

o Tomorrow we will review this in great detail for our members @ 1130am EST

- Silver (SI)

o Low volume
o High margins
o Makes this a tough market to trade consistently

- Drawing channels

o Free video Here
o Step 1 draw a trend line from the highs/lows
o Step 2 look for ways to add that trend line to the highs or the lows
o I will train on this in members training on Wednesday @ 1130am EST

- What are all the indicators we use?

o OHLC
o Momentum
o Our swing indicator
o Trigger line
o Our auto levels

- Next training is Wednesday @ 1130am EST