Day Trading, Position Trading & Scalping Sideways Markets

Hi guys! (this is a NEW video on this topic)

The most important thing to me as a professional trader is consistency.

Keep it simple…if it doesnt make me money with consistency, I cant trust it.

So when I began developing a trading method to provide food for my family each day, I knew I needed to have the tools I needed to trade the market in ANY form.

Trading a trending market is easy…

Show me consistant profits on a sideways market, and now im impressed. 🙂

Sideways markets are a HUGE opportunity to make money, but you need to know how to trade them.

Today’s video will show you almost everything you need to trade these great opportunities, but remember, all our details are in our advanced course, so log in and watch our videos!

Feedback?  Please post it here!

Sideways Markets:

– What is it?
o When the market cannot make higher highs or lower lows
o Usually has slower speed of the tape
o It usually has less volume at the extremes (high or the low)
o We see Flat Trigger Lines
o Trading at the open or the close of the day

– How do we define the sideways range:
o Our morning routine reminds us to look at the BIG PICTURE,
o Mark your double-tops and bottoms, and that will define the sideways range.
o Look for flat trigger lines

– Can we trade sideways markets?
o Sometimes, the range of trading needs to be wide enough so we can fill our profit targets
o Avoid trading in the middle of the range, we call that the chop zone
o We take 2 step short off the high of the range
o We look for 2 step long off the low of the range
o We take a breaker long if we break out above
o Breaker short if we break out below.
o Be ready for a FAILED breakout, which is when the breaker short is about to trigger, but the price cant break the new lows/highs and ends up back inside the bracket.

– Trade Management:
o Stops and targets can be the exact same
o However, in extremely slow and choppy situations, its best to make your stops and targets a little tighter.

o Trending market = let your winners run
  Widen your stop
  Widen your target
  And let that trending market run for you!

o Sideways market = take the MONEY and RUN!
  Sideways markets tend to be choppy, back and forth sideways, and it will take back the profit if you allow it.
 Decent volume day (sideways) use my standard trade management, same as always
 Sometime the days are very slow, very choppy, so tighten the target and the stop, and look to get aggressive with taking profit.

– Entry Rules:
o Remain the same
o Look for the slower charts to confirm your entries to get that ‘2nd’ confirmation
o Example: breaker long on the 4 range sets up
   Look at the 8range and the 13range momentum to confirm
   Ill also look for a PATTERN in the same direction to confirm.
   The perfect scenario would be the breaker long on the 4 range matches up with a 2-step long on the 13-range chart, and BOTH momentum indicators are lining up perfectly.