Personally, I trade this when I see it. I took profit because of this strategy based on uk100 did a lower high and Dax (my trade) did a higher high. 15m about 13 cet.
Hello Tom! Glad I have found your teaching on youtube. I'm recently back trading the USD/JPY since blowing up an account back during the Lehman collapse during 2008. Ran a $250 account to $12,000 in 30 days (60 trades/ 400:1 days) and that was one of the best experiences of my life. Have a $11,000 account to work with now and you as a mentor. David, Central, IL USA
how do you know the best indexes to compare to each other, just from experience? or is it good to correlate tech with financials or large cap with small cap etc
Hello, my friend. Actually, this is a very good question. For you (in the USA), I would take Dow + Sp500. For people trading ie. in Europe other combinations could be better.
You may be able to identify divergences between GOLD/USD and then bring up SILVER/USD right beside it, go through and make observations like Tom does in this video and there may be effective patterns of divergence between the two. If this doesn't satisfy you then you could try identifying divergences on a RSI from Gold's price - good luck!
Hi, Tom. This is my 1st video here. I use same technics and under construction of trading system based on that idea. Share my experience. How to identify - where is short trade and where is long? What i do: 1) trend is your friend - if price (locally - on m5 for example) goes up - im looking for long trades (but if on H1 I see shorts - i will search shorts) 2) i use tools with strong correlations like es&ym and in your case maybe cac40 and dax. 3) i can go short when price go long if i see strong contrast between both indexes. 4) like in your video, before open trade, sometimes i go lower timeframe and looking for confirmation like bull or bear bars. 5) i do my best to enter into position from local extremums. 6) much better when higher timeframe has same direction as my work timeframe. This strategy has 1 disadvantage: i have to wait ;-/ proper work conditions, it's boring. English isn't my native language but hope its clear & helpful.
Hello, thank you for adding your take, and welcome to the channel. I think I prefer to do it more or less the same way as you. I like to use it when I can fade the short-term trend in the direction of the longer trend.
Hello, Lennie. Thank you for reply. For me problem is - on smaller TF sometimes its hardly to identify current trend - it goes in both directions simultaneously. This is why i use contrast (contrast = serious divergence between both indexes) or trade higher TF (for indexes m15 is enough) - it less noisy. In that case it gives 1-2 signals per day (not too much but it's more reliable). Anyway your idea to work with higher trend direction gives you a huge opportunity.
@@LennieClausen_dk, same stuff: i don't use any indicators, PA only but in my primary strategy (swing trade) use COT data (for currencies) + info from options. I've seen your last post in Telegram/Swing trading, check EuroUsd on the next week - i expect up correction or something like that.
Thanks Tom and Lennie. What other indices also are paired? UK100 and Nasdaq? or Nasdaq and S&P? also what sort of success rate does this average? Thanks so much for this content honestly great stuff.
Good question. I really didn't ask Tom about that for a long time. Hint if you are in the Telegram Group you can get a free beta-version it is a little raw. But it's yours for free.
Tom I wanna ask you one thing when you trade on any currency how you mange your risk if you take your deal on wrong time I always follow u . But when I copy I lose money maybe lack of knowledge Maybe some time postion size wrong
I have seen these questions several times. Mostly it is because A: you trade with a broker with a way too large spread B: Do act way too slow C: You don't take ALL trades D: You mess up the trading size. As an example on A, a guy traded with 8 points in spread. He paid most back in fees. We don't care whatever broker you trade with but we hope you are mindful of this. You can watch this video ruclips.net/video/fnAO6hyVwaQ/видео.html
Hey Lennie , would this work in Futures trading? I currently live in the US and am wondering if I can trade this during the EU session before the US market opens since futures run almost all day? Or is this only applicable for when both sessions are running (which is only a couple hours)? Thank you for your time!
@@thechosenone5002 Futures would work. And you can you for it at any time. I look at 4x pairs Dax, FTSE, SP500, and NQ. If your screens only allow for 2x charts I would take the chart you trade most of the time and SP500 or Dow.
@@LennieClausen_dk Thank you! My futures broker doesn’t have “fixed” spreads so I guess while the US markets are asleep I’ll only take DAX trades while looking at FTSE (I cant trade the ftse in futures) and when the US Markets open I’ll trade divergence between SP500 and Dow when the spread is tightest. Im really bad at finding good set ups but I do add to my winners and cut my losers short, but as you know too many small losers has a snowball effect. Im hoping that by sticking to this strategy im able to suppress my other emotions and managing each trade as best as possible with good trading psychology.
@@thechosenone5002 I personally trade this if not daily then several times per week. If you start being mindful and them hmmm I've seen this before you might add another tool to your toolbox.
Those would work too. You just have to find which indices which make the most sense for you. I have a screen with 4 charts 15m. DAX, Uk100, SP500, and NQ. That works for me.
Personally, I trade this when I see it.
I took profit because of this strategy based on uk100 did a lower high and Dax (my trade) did a higher high. 15m about 13 cet.
Hello Tom! Glad I have found your teaching on youtube. I'm recently back trading the USD/JPY since blowing up an account back during the Lehman collapse during 2008. Ran a $250 account to $12,000 in 30 days (60 trades/ 400:1 days) and that was one of the best experiences of my life. Have a $11,000 account to work with now and you as a mentor.
David, Central, IL USA
Good luck on the USD/JPY my friend!
I think I do not have to mention that trading with leverage is a double-edged sword.
But great to see you back trading.
how do you know the best indexes to compare to each other, just from experience? or is it good to correlate tech with financials or large cap with small cap etc
Hello, my friend. Actually, this is a very good question. For you (in the USA), I would take Dow + Sp500. For people trading ie. in Europe other combinations could be better.
Another great video, THX TOM 🙏 Which symbol would you use if you would trade GOLD/USD. Thank you
No it is between 2 indices (index)
@@LennieClausen_dk THX 👍
You may be able to identify divergences between GOLD/USD and then bring up SILVER/USD right beside it, go through and make observations like Tom does in this video and there may be effective patterns of divergence between the two. If this doesn't satisfy you then you could try identifying divergences on a RSI from Gold's price - good luck!
@@Pyromotive Could perhaps work. But people would have to look into it on their own.
@@LennieClausen_dk yea needs back testing
Hi, Tom. This is my 1st video here. I use same technics and under construction of trading system based on that idea. Share my experience.
How to identify - where is short trade and where is long? What i do: 1) trend is your friend - if price (locally - on m5 for example) goes up - im looking for long trades (but if on H1 I see shorts - i will search shorts) 2) i use tools with strong correlations like es&ym and in your case maybe cac40 and dax. 3) i can go short when price go long if i see strong contrast between both indexes. 4) like in your video, before open trade, sometimes i go lower timeframe and looking for confirmation like bull or bear bars. 5) i do my best to enter into position from local extremums. 6) much better when higher timeframe has same direction as my work timeframe. This strategy has 1 disadvantage: i have to wait ;-/ proper work conditions, it's boring.
English isn't my native language but hope its clear & helpful.
Hello, thank you for adding your take, and welcome to the channel.
I think I prefer to do it more or less the same way as you. I like to use it when I can fade the short-term trend in the direction of the longer trend.
Hello, Lennie. Thank you for reply.
For me problem is - on smaller TF sometimes its hardly to identify current trend - it goes in both directions simultaneously. This is why i use contrast (contrast = serious divergence between both indexes) or trade higher TF (for indexes m15 is enough) - it less noisy. In that case it gives 1-2 signals per day (not too much but it's more reliable). Anyway your idea to work with higher trend direction gives you a huge opportunity.
@@ilyich.guatemala Min tf for me is 15 min + something Else most likely PA
@@LennieClausen_dk, same stuff: i don't use any indicators, PA only but in my primary strategy (swing trade) use COT data (for currencies) + info from options. I've seen your last post in Telegram/Swing trading, check EuroUsd on the next week - i expect up correction or something like that.
Thanks Tom and Lennie. What other indices also are paired? UK100 and Nasdaq? or Nasdaq and S&P? also what sort of success rate does this average? Thanks so much for this content honestly great stuff.
@@LennieClausen_dk ok just have done that. Thanks
Beautiful video, thankyou Tom
🙏
Hi Tom. When is your book going to be published and where?
Good question. I really didn't ask Tom about that for a long time. Hint if you are in the Telegram Group you can get a free beta-version it is a little raw. But it's yours for free.
Very comprehensive analysis many thx
You are welcome, David. I used this strategy to tp yesterday.
Tom I wanna ask you one thing when you trade on any currency how you mange your risk if you take your deal on wrong time I always follow u . But when I copy I lose money maybe lack of knowledge Maybe some time postion size wrong
I have seen these questions several times.
Mostly it is because
A: you trade with a broker with a way too large spread
B: Do act way too slow
C: You don't take ALL trades
D: You mess up the trading size.
As an example on A, a guy traded with 8 points in spread. He paid most back in fees. We don't care whatever broker you trade with but we hope you are mindful of this. You can watch this video ruclips.net/video/fnAO6hyVwaQ/видео.html
Hey Lennie , would this work in Futures trading? I currently live in the US and am wondering if I can trade this during the EU session before the US market opens since futures run almost all day? Or is this only applicable for when both sessions are running (which is only a couple hours)? Thank you for your time!
Or should I just do FTSE Vs Dax EU session and switch over to Dow vs S&P 500 once US session starts
@@thechosenone5002 Futures would work. And you can you for it at any time. I look at 4x pairs Dax, FTSE, SP500, and NQ. If your screens only allow for 2x charts I would take the chart you trade most of the time and SP500 or Dow.
@@LennieClausen_dk Thank you! My futures broker doesn’t have “fixed” spreads so I guess while the US markets are asleep I’ll only take DAX trades while looking at FTSE (I cant trade the ftse in futures) and when the US Markets open I’ll trade divergence between SP500 and Dow when the spread is tightest. Im really bad at finding good set ups but I do add to my winners and cut my losers short, but as you know too many small losers has a snowball effect. Im hoping that by sticking to this strategy im able to suppress my other emotions and managing each trade as best as possible with good trading psychology.
@@thechosenone5002 I personally trade this if not daily then several times per week. If you start being mindful and them hmmm I've seen this before you might add another tool to your toolbox.
@@thechosenone5002 with 2 charts I would do DAX + Sp500. Try the combinations. Dont Trade it but be mindfuln
Would this work with EagleFX?
if they have indicies.
Thank you, super helpful
I use this day in and day out.
sir can you plz explain scenrio trading setup
Scenario Trading is covered in several Talks, Videos, and streams already.
Thank you sir 🙏 adding to winning position these line change my trading
👍🏻
Show us how to deal in Trading Range Days
Tom really sucks at trading ranges ... So don't even ask ;-)
Thanks tom its really helpful
You are welcome - it is definitely not stupid to be mindful of this. That strategy helped me a lot yesterday.
I thought DAX/UK100 and DOW/NASDAQ are better compared? What do you think?
Those would work too. You just have to find which indices which make the most sense for you. I have a screen with 4 charts 15m. DAX, Uk100, SP500, and NQ. That works for me.
In this stream around timestamp 28 min Tom touches the topic. Might add to the story ruclips.net/video/ZlC1gjSnY8U/видео.html
You rock Tom, thanks for all that you do for us jr traders.
You are welcome. And as you can see in my comment this strategy helped me a lot yesterday.
👍🏻
🙏
I have no idea what you’re non about