This is an extract from the live room where I was asked about aggressive drawdown control. At the time, AUDNZD was squeezing pretty hard, so it was a good time to look at ways to do aggressive DD control to help escape a trading position that is going against you. Position trading means you will at times get into bigger drawdown than you like and there are many ways to get out of it with aggressive drawdown control, so I cover how I do it and some live examples.

This is an extract from a live room session where we are talking about ways to exit position trades that have gone a little too far against our original idea. Basically, we’re turning a losing trade into a profitable trade with a strategically placed “big whale” trade, which can bank a big return.

This is an extract from the live room where I was asked about the market reversal alerts EA and the strategies it trades (mean reversion trading strategies) and whether they would work in a trend. Mean reversion trading relies on the market’s natural ebb and flow being fairly rhythmic in nature and as long as this condition exists you can certainly trade mean reversion strategies. When position trading in a trend, however, you will occasionally get squeezed, meaning the market moves strongly against you for a period of time. In this video, we look at how to get out of those situations and still come out with a small profit or very small loss.

People struggle with support and resistance levels and try to overcomplicate a very simple thing. They miss entries because they are not creating these areas, a zone’s price will test and try to get that perfect line. Support and resistance is NOT a straight line, it’s an area. In this video, you will learn how to make sure your entries are spot on and your stops are positions well enough, so you get a profit the majority of the time.

This risk reward calculator spreadsheet will help you see what you need to achieve to hit your profit targets with whatever strategy you use when trading. You can see what happens when you have a winning or losing streak to help prepare yourself for what is likely to happen to your account as you trade any instrument or strategy.

Propulsion gaps (that’s what I call them anyway!) are also known as 1-2-3 gaps, wide range bars, fair value gaps and all sorts of things. Basically they are a large move in the market caused by institutional buying or selling and traders need to pay attention to them. The original concept was defined by M.A. Perry, the owner of thestrategylab.com website, and his original concept has been used by many other traders over the years. This is the official definition of what a WRB (Wide Range Bar) actually is, according to him. Every trader should be aware of these awesome magnets that attract and repel price.

This is an extract from a live room session talking about why I personally removed gold from my trading portfolio and how you can improve your performance by identifying what is making you losses. It’s a bit of a “joke” session and video but the message is real and something that helped improve my trading career. Remove the losses, your profits soar!