Simplicity In Trading

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 OUR OBJECTIVES
T help
To h l you come up with ith a methodical
th di l way off
looking at the market holistically and routinely
To provide an overview of some simple steps to
review the current market activity
To show you some simple steps to determine
your preliminary
y p y areas of to do business
To put those areas on your trading charts
To provide a brief overview of what to do next
to execute properly

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 ASSUMPTIONS
You have accurate charting data
You are proficient with your charting software
You
Y h have studied
t di d andd understand
d t d th the ttechnical
h i l
and fundamental concepts of the auction
process shared in Webinars 1 and 2
You will be disciplined enough to do these
steps regardless of whether the market is open
or notyou will not trade without homework
You understand the extremely important
concepts shared in Webinar 3 to properly
execute your homework once complete
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 THE PROCESS
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1. Review economic calendar - avoid surprises
2. Review composite - get the big picture of
what
h t is
i going
i on
3. Review completed day - determine flow and
areas of importance
4. Review Overnight
g ((O/N)) action in morningg
have things changed?
5. Review and adjust hypotheses based on
potential opening price
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6. Watch the open
open, determine type
type, wait for your
areas to be tested and execute your plan
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 THINGS TO KEEP IN MIND
Your homework is the basis by which you judge your
performance and execution
Your homework is the source for building your confidence
through trial,
trial error and refinement
Never use anyone elses homework. It will all seem to make
sense but the truth will show up when you try to execute it
(unsure monkey)
When in doubt, play back the most recent session. You will
almost always pick something up especially when you replay
in high speed
Track the quality of your work through a simple journal of what
happened. Take a moment to compare this to the homework
you did
Keep a print out of the end of day chart in black and white. Sit
back and look at it. Things will begin to stand out

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 WHAT YOU SHOULD EXPECT
Your first realization is going to likely be that you will get fairly
proficient at doing all of this quickly
You will likely begin to see things that you have never noticed
before (e.g.
(e g how often a certain opening type shows up up, how
often we have neutral days and what happens after, etc). You
can begin to take advantage of this new and once-invisible
insight
You will likely find that you are less anxious and will execute
with more focus and are more relaxed throughout the day.
Your trades will likely be more effective and you will be less
likely to get shaken out
You will begin to find that you are more intuitive with your
trading and operate from within the flowflow of the market
market this
this
is where you need to ultimately be; as discussed in Webinar 3

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 WHAT IS NEXT?
Webinar 4 Part 2 will cover Research and
Probabilities
This is a much larger topic that will provide
you with heavy insight into which setups
provide yyou with a clear edge
p g that then
become your hypothesis and execution
This topic
p will assume that yyou can use the
tools you have to perform the same functions
This topic will further buttress a more
professional
f level off execution and
performance just as everything else has so
far that has been shared
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Thank you for listening!