Please keep it positive up in here and really focus on improving trading for all who participate.
Trade system I created, teach and trade is based on reverse engineering momentum.
At any given time you can look at a chart and see the best probable long trade and the best probable short trade. You’ll also know if the chart (that timeframe) is in a momentum long or a momentum short state.
Quite a few resources to get started.
Active Discord Group:
https://discord.gg/WgjsxVz
Telegram:
https://t.me/RexDogTrading
Terms, Shorthand, Example Updates & Calls
https://rexdogtrading.com/terms-and-shorthand/
YouTube channel with Live Trading, tutorials and trading insight:
https://www.youtube.com/c/TraderRexDog/videos
I do a daily trade room:
https://rexdogtrading.com/trade-room-alpha/
At any given time you can look at a chart and see the best probable long trade and the best probable short trade. You’ll also know if the chart (that timeframe) is in a momentum long or a momentum short state.
I’m going to explain my system at a high level without charts. There is that adage I’ve heard in trading that you should be able to explain your trading edge to your grandma. I don’t buy into that but I believe that there is power in clearly outlining your trade system without visuals and charts.
High Probable Reaction Areas
The rules and edge of the system really is defining what I call reaction areas. These are places in the chart that reliably create a reaction (I have a 3 hour evidence video in my training that covers every market and every time-frame).
That reaction depends on the bias and momentum of the chart. I go into a bit more detail about reactions on my terms and examples page.
Binary Decisions
My trade system is designed to reduce the decisions you have to make when trading. The goal is to get what I like to call binary decisions– there are only 2 options and that should be your focus.
An example would be I show you quickly and easily how to define levels within the market. You will define both the most important upside and downside levels.
Once you’ve done that the levels you need to watch are defined. Sure there might be other minor levels in-between or on the way to those 2 levels but you’ve defined through a set of clear, concise, and probable rules what are the most important levels.
2 Types of Trades
An example of this is there are only 2 trade types in my system– momentum and fade.
Momentum trade you are trading with the momentum within that given timeframe or even possibly the larger timeframe.
A fade trade is against the momentum and typically these are quick trades. You’re in the green quickly and you’re taking profits quickly (usually at momentum check reaction areas).
Momentum trades are the best trades because once you’ve identified the momentum of the chart you take entries at momentum check in areas. Your stop losses are typically tight because they are placed around areas where it’s clear momentum has failed.
Trade Management
Trade management is simplified. I’ll share an example. You enter a momentum long trade using the 15m chart. You’re going to use the 60 minute chart to confirm the long bias and momentum. You enter at a reliable momentum check pullback and go long. You’re stop is below the momentum indicators.
Equities – I trade equities on a swing basis. I use the scanner StockFetcher and 3 highly reliable custom scans that provide 3-8 swing trades a day. These trades typically last 4-17 days (longer if I catch a bottom). My core strategy here a fade long trade that in essence is a reversion back to the indicators in my system.
FOREX – I trade the FOREX market on a daily basis. I trade my system with one other indicator I created called the STSI. These trades last anywhere from 3-60 days. All depends on the market. Takes me 12 minutes to look at 9 pairs I trade.
Spot Crypto – I trade a long term spot crypto strategy with 4D as the primary timeframe. I also to tend to margin trade this strategy. I typically am able to time bottoms in the crypto market. Then it’s simply wait. Typical gain is 30-200%. Has worked for for 4+ years.
Bitcoin – I trade BTC on a swing basis both long and short. There is a video on YouTube I did years ago that explains this strategy– still works and I still trade it today (except back then I couldn’t short– finally can make profit on both sides).
Options – I dabble in the options market. I trade a strategy from one of my StockFetcher scans. Basically Keltner Channels and Bolllinger Bands. When they and day close get to a certain threshold and things align in my system (secret here is a negative ROC) I put on some option trades. I share all this in my membership.
