 Cool, we'll just get started. So thank you so much to Fausto and everybody. Oh, there it is chat. Awesome. All righty. Now I see it Yeah, I just want to be able to see what people are typing in and be able to respond. I like to do these presentations with a little interaction and So there we go. Awesome. All right. Well, hello everybody Barry Burns here top dog trading calm today And talk about my five-step checklist that I use for profitable trading. This is the exact methodology that I use every day day in day out for Both day trading and swing trading. I do both and I'm always looking for opportunities. So I'll trade stocks works futures commodities, whatever is moving That's what I'll trade. You know, you can't make money if a market doesn't move So I'm always looking for the the market that's moving the raging bull market the raging bear market and Today, I'm going to show you my five-step checklist on how I find those markets And exactly how I trade them. So there's my ugly mug I appreciate Fausto saying I look so young and you look at yourself. You know, I'm so sure but anyway, I appreciate all of his compliments and he already mentioned a couple of the Qualifications I've got so I'm not going to take a lot of time here to tell you that but I am the author of trend trading for Dummies I get readers choice awards from stocks that come out of these magazine Gosh every year actually appreciate all of you voted for me by the way Also have contributed to other author books and work for and with I should say not for but with major companies done presentations for all these companies and many many more and Obviously they vet me heavily before they invite me to come and train their traders Here's our legal disclaimer and I know that you've seen this before but during these kind of presentations people come in And out and it's very important that you see this so we want to make sure that those who have just come in are also seeing this because Got to understand this is not just legal ease This is really where your education begins and should always continue So the regulators have actually done us a favor by sharing with us how most people lose money trading and that is the fact That's the transparent fact Most people do lose money trading. This is not a get rich quick game. It's not even a game It's a real business and part of being successful is to treat it like a real business Yeah, the competition is smart the competition is tough, you know Fausto is going to be showing you how to track down their smart money and that's a Really great way to trade because the smart money is the profitable money But most of the people out there most of people trading take this too lightly and don't understand that That's what it's all about to compete with the smart money is not an easy thing to do So anyway, I encourage you to read the disclaimer And if you need more time feel free to go to top dog treating calm click on the legal disclaimer link there and And take your time and again treat it as an education to help protect yourself Now let's Let's do a little quiz here. Not really a quiz. I just want to get some feedback from you. Let's make this a little bit engaging So what are you go ahead and type into the chat box? What are your most common trading problems? What are you guys struggling with these days and I can customize the presentation? by Looking at your answers and obviously I've got a pre-rendered PowerPoint So we're going to cover, you know, a certain structure a certain path a certain track if you will but I want to make sure that I'm being Very attentive to what your needs are every audience is different So with your answers here what this will allow me to do is when I come across a topic in the presentation And you guys say yeah, that's a problem having I will slow down and I'll spend more time on that And then topic of my presentation that not many of you say you're having problems with okay I'll just go through that fast. So matter of a time allocation if you will All right, so let's see what we got here frowns says fake outs Cresced says getting started Canty says I'm funny. Well, that's good. It's good to know that I have a Fallback as a comedian if I ever need it Al and trying to find stocks that don't drop without within a couple days of getting in them Ed market goes into the opposite direction of what I expect as soon as I enter the market. Yes, that's I've heard that one before and I've lived to that one before by the way, so I can relate to that Can't me picking the entry well enough to not take more risk than I can afford Very important great one. Yeah, I rarely in fact I want to give extra accolades to you because rarely do I find people talk about risk management and money management But boy is that important talk about the professionals as professional traders We put more emphasis on risk management and money management that you know indicators and all that kind of stuff that amateurs chase What else we got here picking the entry okay got that one SJ entries and exits. Well, that's pretty important It's kind of the whole business isn't it where do I enter when do I exit? Frank when to exit good Agatha entries Nicolo did I pronounce that correct lack of knowledge proper knowledge and exactly what to do. Okay. Well, that's education good By the way until you get a good education, please and this goes for everybody Please do not trade with real money until you've gotten a real professional Education you want to play around and do you simulators demo accounts fake money? Whatever that's fine get a feel for the market, but You will lose you will lose if you don't get a professional education. This is a profession. So, okay Love it Dale ignoring the pundits on CNBC. Okay, I'll leave that one alone But I will tell you Well, no, just leave it alone Charles entries and exits Dean exits. Okay, great So here what I'm going to do now is I'm going to share with you the results of a survey that I took of tens of thousands literally tens of thousands of traders About once a year. I run this survey And to find out what most people are struggling with so here are the answers that came in the most common answers the top five Right. So number one is people said will I enter the market and then as soon as they enter I get stopped out And then after I get stopped out the market goes back in the original direction of my trade And they say so and I'm you know mixing a bunch of answers here into one and summarizing a group of different answers That all meant the same thing. So they said so frustrating that they got the direction, right? But the timing was wrong. Any of you had this problem? In fact, when I was in Chicago working with my mentor at the Chicago Mercantile Exchange He said very amateurs are often right But at the wrong time And this is exactly what he meant. It is frustrating Another one was people saying to get out of big moves too soon So these are people who are making some money, right? They catch the timing to do an okay But they're just not staying in the trade long enough. And so they're not making the big profits that are potentially there in the market Getting stopped out too soon. Well, that's or too often. That's a big one Not knowing the best place to exit the market a lot of you talked about that So that's in common trading a trend that doesn't follow through, you know trend trading is a big thing Everybody talks about trend. Everybody thinks they know what it is By the way, most people do not fully understand the details of trends, but that aside People see a trend or they think they do they get in and then the trend stops going after they get in Have you ever had that problem where you can watch in fact? Let me ask you this question. Have you ever watched a trend go up and up and up and up and up until you get in and Then Cal darn it. It just seems like when you get in. Well, that's exactly when the trend ends Tip in yes or no just curious to see if many of you have that problem because nobody actually stated it the problem That way, you know, the wordings are similar. So yeah, why why? Yes. Yes. Why yep? All right, so the key with trend by the way Got a little slogan. I'm gonna give you an ancient Chinese saying Well that I just made up. So here's the ancient Chinese saying that I just made up the dollars are in the details the dollars are in the details so trend is Got a dollars that are in the details thing higher high and higher low is not a trend Necessarily might turn into one, but it's not necessarily one in and of itself. So The way I ask the question And again talk about details. How many of you watched a trend go up and up and up and up and up Well, I said five ups Let's say five wave trend the average trend is five waves and So now as you've probably heard the trend is your friend until the end So if you're getting in after a trend has been going up and up and up and up and up and then you get in guess What you're doing? You're treating the opposite side of the trend the opposite side of the mathematical probabilities The mathematical model is that the longer trend continues the less likely it is to continue and that's where that Venacular comes from the trend is your friend until the end. There's a mathematical model behind that So professionals get in early in a new trend So as Fausto says, I'm even older than he is which is pretty old because Fausto is ancient I just had to say that to him get back in a little bit Fausto is a great guy I consider my friend and we tease each other a little bit But yes, I am old and I have been trading for over five decades. I had the Privilege of being raised by a father who was a trader. My dad was a stock trader So I was around it all my life and he started my formal education at the year at the right page of eight years old knee-high to a grasshopper So I'm gonna give you that five decades of experience today in one sentence How's that? This is kind of what I'm famous for doing is taking big concepts complicated concepts. I'm simplifying them So I'd rate this sentence down if I was you always and only trade early in the direction of the dominant energy of the market to me that is the big picture the bird's eye view of Wet trading is all about trading is never easy But to me, this is the easiest way to trade and I use this little word picture here So these guys whitewater rafting just blast. I don't know if you've done it But it's a lot of fun encourage you to try it out that they've got those paddles They are not using those paddles to propel that raft forward The river that current that whitewater river is Pushing them forward. In fact to go in the opposite direction to be really hard To go with the flow of the current pretty darn easy. It's just gonna happen, right? That's the way the current is going. That's the universe. That's where it's going and Easy thing to do is just well like they say in life go with the flow Easiest thing to do with trading go with the flow now What are we talking about with flow? I'm talking about the money flow or the current of currency? That's got a nice alliteration to it. That's not the current of currency All right, so now that's just kind of a word picture. So we're going to break this down for you In trading there's never any certainties, you know technical analysis is great I do use it, but I'm very aware that the market could do anything at any time The market is unpredictable. I think literally I do not predict what the market is going to do I don't like the word prediction with the market And there's no certainties at all And let me tell you if there's another saying that news Trump's technicals So like yesterday, we had big news and the market moved dramatically Any time big news didn't even have to be news actually it could just be rumor or gossip and if the market You know response to that with a neat trick reaction Guess what at that point? It doesn't give a mouse's left patootie Which are moving averages are saying or what your candlesticks are saying or what your MACD? LMNOP CCI stochastic nothing All that goes out the window All right, and I know because I've seen it on the floor of the CME that people go crazy Yeah, of course, this is back in the old days back in the prehistoric days when Yeah, all pits were open and so forth, but anyway, there was very instructional to see for me So what we do is we create probability scenarios So I use five uncorrelated energies of money flow to put the ads on your side Operative word is uncorrelated. So here are the five energies of money flow that I use number one trend Right, we talked a little bit about that number two momentum. That's the strength of the trend Number three is I use us. I do use an indicator to time my entries This is what helps prevent me from getting into early and then getting stopped out as my mentor in Chicago said Being right, but at the wrong time So I had to learn how to time my entries with precision and accuracy to the penny pair predict That's where my cycle indicator comes in number four bouncing up support resistance support resistance levels very important Those are supply demand zones from the past that markets look for in the future to see what's going to happen in the future And then number five I look at the next higher time frame and I look to trade on the direction of momentum of the higher time frame So that's my step five step formula. That's all I look at It keeps things simple only five things number and the second thing is it keeps everything orderly So it keeps my mind orderly because I've got a five step checklist in order one Then two then three then four then five. So another slogan I have here is that you're trading methodology informs your trading psychology And what I mean by that is and some of you even mentioned this when I ask you what your challenges were mental overwhelm too much information So you cannot trade with mental overwhelm. You cannot function Psychologically that way. So you've got to keep your trading methodology simple enough that your mind can handle it and function with clarity So psychologists say that the average human being brain can handle seven pieces of uncorrelated information concurrently I don't know if I have an average human brain, but I will tell you this. I don't want to stretch it When it comes to trading, I don't want to push the limits And so I only use five pieces of information And then so that keeps me within the boundaries of being able to process the information Now there's other good stuff you could use by the way I want to make this clear just because I'm only using these five that doesn't mean there's not other good stuff There is I just don't need it to make money There's many ways to groom a cat. There's many ways to trade it. They can all work This is mine. This is what works for me So yeah, there's other good stuff that I could use But I don't need it to make money So therefore I don't use it So that I prevent mental overwhelm And then again for the psychology of trading do it in a specific order and that makes trading rather simple not easy but simple So what we're doing is determining probability scenario and how do I do that? Well at each point where I'm looking to enter I simply ask the question how many of those energies are aligned and I get a score A score of one out of five literally scoring a trade as to how many of those five energies are aligned obviously By how you're the score the higher the probability we consider the trade has And it's kind of like trading or taking each trade to court. We need five independent witnesses To establish a preponderance of the evidence Now the operative word there is independent You can this is not do not confuse this with just throwing five Uh indicators on a chart That's meaningless meaningless It's not even about the indicators It's about the independent measurement Uncorrelated actually the word uncorrelated better the five uncorrelated variables of money flow And they've got to be uncorrelated. I've had people send me charts with you know five indicators and they say oh I made my own five indicator trading method or whatever And I look at them. I'm like yeah, dude. These are all um Trend indicators. So what you really got is a one energy method measured with five instruments that'd be like putting you know five Pedometers on the dashboard of your car. So that's again where dollars the dollars are in the details People don't even understand the indicators that they're trading So let's talk about that a little bit these energies so we're going to focus on energy number one and two today a little bit and Not do a deep dive but a little more of an intermediate dive into them Because I see these are where you most of you are struggling based on the responses that you gave So dollars are in the details. Let's talk about trend trend is direction. That's its general meaning Actually, if we want to dig a little deeper Webster's dictionary defines trend as the extended general direction So trend is not just direction. It's the long term direction Now I'm not saying that just because I was allowed as an English student and I'm still trying to You know reconcile that and become better I say it because it also has financial implications in trading We want to get into a trend that has a long-term move for Financial reasons. We want a big reward right big reward small risk So it has financial implications So since we're talking or using the term energy with these The trend is like this woman walking north Her energy is well her direction is north fine But we would be foolish to place bats on how far she's going to go north Because there's no probability there And trading is all about probability She could walk one step north and then turn around go south Or she could take another or she could walk another 10 city blocks in new york city And we don't know there's no probability. So there's no odds that'd be a fool's errand to bet on that So trading trend alone gives you zero probabilities has it says has no lagging or I'm sorry it has no leading properties whatsoever So what do I use well the tool the instrument that I personally use and you can use different things I just use simple stuff I don't make trading complicated by the way I don't even have any proprietary indicators every indicator What everything I use is standard on any charting platform out there So I just use the good old 50 period simple moving average to measure trend Again, it's not going to directly make me money by itself But it gives me an indication which by the way, that's what indicators do That's what they promise is they promise to indicate If they made us money directly we'd call them money makers, but we don't because they don't So the indication the 50 period simple moving average 50 bars long-term move Right is it lagging? Absolutely. Yes Anything that has an average is lagging and that's okay. It just gives us a indication So that's what I use 50 sma gives the overall direction of the market By the way, if you look at this sometimes people say well again higher highs higher lows or a trend Here we have a higher low and a higher high in the ellipse there as you can see But that doesn't really fit the the definition of the word to extend in a general direction Going down the 50 ma. That's the extended general direction from the high on the left of the chart See if I can I don't know if you guys can see in my mouse Can you guys see my cursor on the chart? I'm kind of afraid to bring up a Um Let's see. Yeah, I'm afraid to bring up the drawing tool because of the last time I did that Zoom froze on me. You can see it. Okay. Cool. Okay, so I'll just use my cursor So yeah, the extended general direction here is down and the 50 ma gives us that indication Uh, this move up the higher low and the higher high. That's just a complex retrace in an overall downtrend Okay, so all right. Can we make money with that not by itself? But it's one piece of evidence Remember preponderance of the evidence like putting together a legal case So then we got to go to energy number two because energy number one is not enough And energy number one is lagging So now we go to momentum now I hired a mentor because I was doing okay with trend trading for a while and I felt like I was missing something I actually felt like I was blind to something because I trade these trends and Just as you indicated earlier, you know, I was getting stopped out sometimes I couldn't for the life of me figure it out And again, I just I really really really had the sense that I was blind to something and so I went to a hair to mentor And um, and I was I held it really was blind what I was blind to was the energy of momentum I had not yet incorporated that into my trading methodology So what is momentum? Well, I'll share with you what he taught me and I've expanded on it since then obviously Momentum is the strength of the trend So there's two types of trends whenever I ask people this they usually say uptrend and downtrend That's not the wrong answer. That's a correct answer but That is not the truth the whole truth and nothing but the truth Since we're creating a legal case for our trades here There's a reason in court that they ask people to say the truth the whole truth and nothing but the truth And they don't just say Is that the truth? Because they know that people can him and ha in edge around the truth same in trading So the trend is your friend. Yep, that's true, but it's not the whole truth We only want to trade one kind of trend a strong trend In my mentor he asked me so well, very these trends you're trading or these strong trends or weak trends and my answer was No, I don't know what you're talking about And he said yeah, that's what I figured So I had to learn to determine which is a strong trend or a weak trend. So here's the Little analogy for trend or for momentum. I'm sorry. So momentum unlike that woman who was walking north She had no momentum Momentum is literally velocity times mass. That's what it is You know, isn't I'm so I'm such a good, you know sales guy here I am talking about statistics and math and probabilities This is all the kind of stuff that people just love to hear about Anyway, but it's the truth and this is what makes me money. So Velocity and mass did the woman have much velocity? No, she was just walking north. She didn't have much speed or Velocity so she was going slowly Now she wasn't running. Okay, then mass did she have a lot of mass? No, no nice slim trim fit And so for that reason she could turn around and walk south within one human footstep Or even less you could just swivel on a foot and go the other direction So there was zero leading properties To her movement and that's why we wouldn't place bets on that as opposed to this bullet train here Now this bullet train is screaming north at 100 miles an hour. That's velocity Got a lot of mass. I don't know what it weighs, but it's a lot Okay, we don't have to be phds and physics to understand these basic concepts We live in a physics world a physical world. So we we've got these general concepts down So now guess what? Here's a cool thing my friends You know the future You know the future and you don't have to be a phd and psych or in physics You don't have to be a psychic you don't have to have a crystal ball If I were to give you that emergency break to the bullet train there and you press that break Now you know the future you know that train going 100 miles an hour with all that weight is not going to stop on a dime And turn around and go south within one human footstep not going to happen That's not the energy. That's not normal And we all know that so momentum is a leading indication It does give us an indication at least of what's going to happen in the near future namely that the trend will continue That is of huge value Enormous value. That's everything Because we've got to have some sort of leading indication Whether it's an indicator or something else Because well, I mean it just stands to reason because I don't know about your broker But my broker is very rude. My broker requires that I trade the hard advantage of the screen into the unknown future before the powers are formed So very rude of him. I'm really offended that he makes me do that But he does because I'm a master of reading historical charts and he will not let me make money with him So for that reason, we've got to have some indication of the unknown future. Otherwise Can't trade can't make money So momentum is the key now. What does momentum mean in the markets? These analogies are all swell Haven't used the word swell for a long time. But what does that mean in the market? So here's what it means literally The velocity of orders going through the market is the speed of the orders going through How fast and furious are they going through? So another words is it by by by by or is it by by by by by by by by by Now if you want to see this on like a time and sales window That would be a place where you could actually visually see it and you could see the how fast do those orders scroll Through the time and sales window. So the speed of how fast they go through now volume Is what we equate to mass So velocity times mass of speed of the orders is velocity mass equates to the volume the size of those orders Now not all volumes created equal So again dollars that are in the details. Remember, that's what professional trading is all about So a lot of people just look at the volume histogram on the bottom of their charts And they think they're geniuses and learn to read praise and volume. That's good. Definitely good. Not against it. I'm for it However, if you want to be a real professional trader, you might want to get into a little more detail and the key distinction In volume is this professional volume versus retail volume That's the distinction. That's what you want Retail volume amateur volume is actually or can potentially actually be a counter indication Why? Because most people lose money And those are the amateurs who are losing money. So whatever they're doing Most of the time you're going to be wrong So we want to identify the professional volume the smart money And that's the volume you want to follow Okay, so let's bring up Some charts here show you what we're talking about. So now here we get an example of Our good old friend the 50 period simple moving average angling up cool higher high Higher low higher high higher low all well and good Now here's the problem. Let's say that uh, this right here, we are the hard average of the screen Let's say that's real time. Obviously we can see in the future here. I did that intentionally But we've got 50 ma angling up We've got higher highs higher lows So how would we know how would we determine that this market right here at this time is not a good one to buy That this trend is not likely to continue going up right here That is the pregunta that is the froggen And that's what we got to know So is trend up at this snapshot in time the answer is yes, it is But again trend is lagging Whether you do it with higher highs higher lows moving averages whatever indication you use It's still going to be lagging. So the problem is again, you're blind to momentum here Why because I put my black curtain over at the momentum Okay, so let's pull the curtain back and see what we got Oh my gosh Now we've got a whole new picture So now what we see is Higher high on price Higher high on momentum awesome higher low on price Higher low on momentum. By the way, this is a little key for it. Well, wait, I'll say that in just a second Now then we get another higher high on price Whoops equal high on momentum So momentum is not getting stronger As price goes up Okay, so that's our first little shout over the bow. So to say a little warning sign that hmm Market is still going up with strength, but it's not going up with more strength It's just going up with equal strength Then we come back down now We even get a nice little uh candlestick here Uh a bullish candlestick, but Look at momentum. It's going down get it going down to what zero Is zero momentum strong No, is it weak? No, it's just neutral The strength has come out of the market. We've still got a higher low So if your pure price action trader Still looks pretty good. You still got your trending pattern Problem is there's something underneath the price pattern that is not immediately available and visible to the naked eye So what we need to do is get like it's just like with the microscope Right, you can look at stuff and see it with your naked eye and there it is cool Now if you look at that same thing with it, you might look at the edge of a piece of paper, for example Look at the edge of the piece of paper with your naked eye. It looks straight Look at it under a microscope and it's jagged as Heck We don't swear here at top dog trading So under the microscope all of a sudden you see oh my gosh on a different level different scale different fractal This thing's not straight at all And that's what we need to do we need to look underneath the surface Under the hood if you will and see something from a different perspective This is where your uncorrelated energies come in So now we get things that are out of alignment. This is not an alignment Momentum has gone under zero. We have now the strong trend has turned into a weak trend. It's still a trend, but it's weak And I do not want to buy a weak trend because it ain't gonna follow through So What I was going to say before was a lot of people look for like divergences on highs What they don't look for is the lows in there That's actually more important in my mind than the highs So when you're in an uptrend look at the lows of momentum Because you know if you want to buy these retraces see I don't want to buy Uh wholesale or I don't want to buy retailer want to buy wholesale So now if you're an aggressive trader you could even short this there would be technically shorting against the trend But that's very aggressive because the trend is still technically up And because momentum is just basically zero hasn't really gone negative yet The more conservative trade would be over here. Wait for price to get below the 50 ma First retrace after a downtrend is confirmed That's early in a new trend. I'm sure we said you want to get early in a trend not late in a trend So now we've gotten early. We would be getting early into new trend Again, we've got the same kind of bar. I just flipped over here. Nice little pin bar if you will But this time it actually works because we're in a new downtrend and momentum is below zero And so momentum is bearish now. We are early in a new strong downtrend Which is exactly what we want Now I think I skipped one. Yeah energy three. I don't have too much time to go into this one today But cycles um, I have a cycle indicator that we use as a modified indicator to help timing So just want to use this today. We don't have a lot of time I wanted to focus on one and two energies one and two today But the cycle indicator gives you the the price precise time to get in on these cycle lows problem is That again, you can't trade this by itself No indicator as a moneymaker So does it measure the timing? Yeah, it measures it actually with incredible accuracy But that's all it measures each one of these things measures one piece of evidence one energy of money flow So cycles is about timing Well trend is about direction Momentum is about strength now strength determines how far that market is going to follow through And cycles is just purely about timing So as you can see yep nails that low nails that high nails that no nails that high But look at this nails this low, but the problem is the market doesn't really go up anywhere So the cycles do not measure follow through momentum does If I had my I should bring up my momentum indicator here But if I had it you would see that it had zero it out And so therefore it doesn't follow through And then back here momentum comes back into the market and pushes it up So timing and trend and momentum are all uh separate. You got to put them all together And then uh Gosh, I keep going two slides at a time here for some reason support resistance Now support resistance is a very key because this is where the market has found Um has put in highs and lows in the past and therefore in uh market auction theory We call this this is where the market has found value In the past and markets have literal memory People we all look at okay market went up here stopped came down there So what that means literally is that the market participants have said yep I'm willing to pay that much for this particular market at this particular time, but no more So it's either overvalued undervalued or fair price So Now that will change right from time to time as time goes on through the day or the weeks or the months How the market perceives the value of the market canon does change So but so this is used these are used as reference points But we all know the market does go through support resistance at times. It has to otherwise market would never go anywhere So the question is well How do we determine if the market's going to break through support resistance or hold support resistance? Just guess support resistance is there It's just a reference point. Then we have to say okay. Is it going to hold or not? How do we do that very simple? So this is number four for a reason we have to have numbers one two and three first So as we go up here, we'll just take this example right here today And we go up to this resistance level. This is a cluster It's a cluster of this high So the market has seen that high in the past And then if you use Fibonacci, then you know Fibonacci traders are seeing a 50% retrace Why are clusters powerful? Clusters are powerful for a very logical reason and it's not because there's two lines there Got nothing to do with lines lines mean nothing The only reason we draw the lines there is because the market has found a Shift of supply demand there in the past so When you get clusters and by the way, the the most powerful clusters are those that come from uncorrelated support resistance levels So in other words, it could be floor trader pivots or in Fibonacci and previous major swing highs and lows You know, so various uncorrelated and the reason that is important is because you have different market participants Looking at different support resistance techniques So the more people who see that level the more people are going to respond to it one way or another buy sell or um Short or take profits And that's what's happening. So that's why uncorrelated clusters Are the more important because you've got all these different people used if different support resistance techniques and more people responding to it It's just basic auction theory So now when we come up into this level, we got a cluster of two different types this high previous high and Fibonacci, okay so how do we Determine with probability that the market's not going to slice up and go above that support level that this is going to hold in the market goes down Well, a couple things number one. It's time cycle indicator Number two got a nice little candlestick pattern Number three is there much momentum going up? No What's it take to go through support resistance? It takes momentum When markets do break through support resistance, they're breaking through it on high velocity of orders speed of orders lots of orders coming in fast and furious And big volume professional volume. That's what breaks support resistance levels my friends Do we have it here? No No, we do not Did we have it coming down? Yes, we did Did we have it coming down here? Yes, we did look again, by the way Momentum was kind of a leading indication here. We came down But on less strength that we came down on that impulse move Okay, so you might say, well, that's a divergence and we should go along That's technically a divergence from technical analysis point of view, but that does not mean you should go long The trend is down. We are still at really in a downtrend We got above the 50 ma here, but look the 50 ma still laying down Still laying down so that this is just an abc complex retrace in an overall downtrend the extended general direction of the trend is down beautiful place to enter actually because You got a downtrend. You've got a weak momentum on the retrace. You got an abc complex Retrace you've got a cycle high. You got a cluster of resistance. You're shorting off, you know Show me the money And then the final energy let's treat this on chart is the fractal energy That's just a fancy name for using multiple timeframes so The short-term timeframes on the left long terms on the right So we've got price meandering right around the 50 ma above it. Then it meanders below it Still kind of just going sideways, right? But technically we're below the 50 ma now. Okay What does that mean? Well that that signal right there just being below the 50 ma That and a 20 bill that'll get me a homeopathic amount of caffeine at starbucks. That's what that's worth Okay, but it's one little piece of evidence, right? That's like, you know, it's got the ingredient there and actually, you know in homeopathics It doesn't even have the ingredient anymore. It's just the the water has the memory of the ingredient Anyway, don't get me started on that But we do get an engulfing candlestick pattern cool. We got a cycle high. Okay momentum slightly below zero But then we look over here at the longer-term chart trends down cycles down Momentums down huh Guess what we got alignment of energies alignment of energies Put together the five pieces of uncorrelated evidences evidence. I evidence ease whatever it is Today I was did a great did English And now we have a probability scenario All right, and by the way momentum on the higher time frame is very important That is it. That's the strength of the market move on the higher time frame So that is really Um, I don't trade without it. That's how important it is. I insist on that at every trade I take No matter what kind of trade it is I gotta have that that is a deal breaker that will actually hold veto power over an otherwise good-looking trade That's how critical it is So putting it all together We're just show you an example of the five energy method. It's right down here by the way or up here by list We're below the 50 may come above it for the first time And retrace that's your first retracement in a new uptrend. So what early in a new trend, right number two Where's momentum? It's it comes down a little bit. That's normal on a retrace, but it holds above zero So it's still strong There's our cycle low. That's energy number three Energy number four. We're holding support the red line there and number five We look over at the next higher time frame now. Look trend is down. That's okay. I don't care trends a lagging indicator But cycle is up on the longer term time frame and most importantly momentum is screaming up Screaming up. So now we have a total shift of supply demand And I'm all over that. That's a five out of five trade Here's a couple of recent examples. I just wanted to update it a little bit for you today. So real quick Price comes below the 50 ma. Okay 50 ma angles turns down your little abc complex retrace cycle high Um going over here to the long-term chart. What momentum again down Five out of five trade early in a new Trend here momentum down there another recent example. Here's a forks. I'm showing different markets By the way, I'm kind of going through these fast because my my time is coming to an end here So but just want to show you this works for different markets different time frames, etc Whoops. So this that was a stock. This is forex 30 minute chart It doesn't matter which time frame you're using really it's um it adapts So early in a new trend again first retrace in the trend. We've to We'll complex retrace there and we can move over here. There we go momentum on the higher time frame is up Okay, an example with the e-minis same thing First retrace in the trend nice abc complex retrace. I love these abc complex retrace by the way Uh comes into the support of the moving averages there. So we've got support And then we go over here to the longer time frame and sure enough. We've got momentum going up So here's another example. This is facebook daily chart So you could do this on daily charts as well had a gap down came up to the 50 ma Or we got a new cycle or a new uh downtrend. Sorry Momentum holds below zero And down she goes nice nine weave downtrend and over here momentum down Down beautiful trades all of these are the same first retrace in a new trend with momentum with cycle And longer term time frame momentum So all we're looking for is the alignment of five uncorrelated energies of money flow to put the odds on your side In fact, my whole methodology can be summarized in one sentence. That's how simple it is We're looking to get in early in a new trend. That's number one That is strong. That's momentum at the rate time Using my timing indicator with support at your back support resistance And then if when that all lines up, we look at the next higher time frame and we just make sure that the bigger scale Momentum on the next higher time frame Is supporting the trade if it is man, I take it every single time. It's that simple. I don't even think about it So one two three four five very objective very rule based And again, it works for pretty much any market any I will say this caveat any market that has professional involvement Because we want to trade with the smart money I call this hooking your wagon to the whales we watch for the whales They're the smart money and they got the big money. They got the institutional money. They got the block trades So I'm going to take my little bit of money put it in my little red wagon And um hook my wagon to the tail of the whale and let him go Just like that whitewater river example, right? Here you go smart money. Hey, I can't beat them I can't beat them people complain. Oh the institutions have advantages. Heck. Yeah, they do so what if you can't beat them join them Let let them use those advantages and just follow them on the way to victory. So Yeah, take advantage of that Work for any time frame investing swing trading day trading. I do all three of those. I use the same time energy method for them all Any objective review source we we get great reviews. You can see there out of 66 reviews for in about two-thirds stars Facebook all the reviews that people have given us there five out of five stocks and quantities magazine readers choice awards Trust pilot. Um, I should update these numbers here. They're a little bit old, but still Reviews are still the same. So I do have a quick little offer for you today that I'm going to Share with you and so we've got a couple of options for you So one of them is what they just typed in there. Thank you, um rich So top dark trading com forward slash free if you want to get some free stuff from me You can definitely go there And I'll be very happy to make that available to you So, um, also I've got I'm going to have to go ahead and share with you And I'm going to have to type this in here because we just came up with this In this is Brand new didn't even plan on offering this for you today, but I'm going to give you a special super duper whooper offer only because I don't normally do this but with falstow. I'll do this for you So what I'm going to do is give you if you're really interested in learning the entire five energy method all the details and so forth Um, here's what I got for you a nice package So I'm going to give you a package of courses course one is my trend trading course This retails on my website for 97 You'll get my cycle indicator Okay, which again to modify the indicator. So in other words, it's an indicator that's already in your charts I just want to be very transparent about that, but we modify it So the good thing about that is it will work on any charting platform Because it's already on your charting platform. We just make some modifications to it All right, and that's the indicator we use to time our entries with precision And then how to get an early in a new trade. So you buy wholesale not retail How to get into the penny paper tick the cycle indicator gets us in with that kind of precision Objective rule-based method and how to get in with the whales the whale watching Of course number two that I'm including in the package today is my momentum course Now this retails on top dog trading for 498. These are not made-up prices that I just You know rectally extract and say this is a value of no, these are the actual prices at top dog trading If you want to check it out feel free to go there Um, so this one will give you the long-term momentum indicator again indicator already in your charts We modify so this one tells you how to know if a trend is strong or weak Six pure momentum trade setups and the momentum filter I use on the longer-term timeframe I'm also going to include my trading psychology course today. Now. This is a big one And this course is wow Um, I don't I got you know, I just got to tell you the truth This course Is the one thing that I've seen turn more people from non profitable traders to profitable traders Because it's not just reading about trading psychology There's value in that but trading is a performance based activity and More more than an intellectual activity. So it's not so much about Information information is important. You do have to have that but ultimately you've got a transformation to be a trader And trading is not natural trading goes against human instincts as human being for a social being who have a heard Instinct So 80 percent of the people are so lose money trading if you do what your instincts say You're going to be part of the herd and you'll be in loser land So what we do in this trading psychology course is we teach you how to a break free of that natural instinct And how to actually change your behavioral finance. It's the the science of behavioral finance So there's exercises in here and these exercises are behaviors that you do Then those behaviors transform you so when you go to trade with your real money Your behavior is different. So it's very very practical All right, and of course by the way I actually sold that for $5,000 and so that's the actual price that that went for Direct email access to me for my trading questions I do offer consulting if you're interested you can just consult with me directly I do charge $1,000 an hour. I know some of you that might seem like a lot, but I'm worth it and people do pay me for that and that is also on my website I'm going to throw in an extra video pat or yeah pack of videos here how to trade gaps how to trade the news Give you a 90 day 100 percent no money back or 100 percent no questions as money back guarantee Everything all five items here for just a one-time investment of 495 so Yeah, let me go ahead and type this link in as well And there you go. So I'm actually putting this as you can see it's not on top dog trading dot com Now this one the url is berry burns Dot com. Whoops. I mistaped that actually sorry about that. That's actually berry burns dot com slash seven There we go told you this was last minute literally I put this together right before we started the presentation today So, um, yeah, that's how uh, that's how quickly we put this together just for you guys so berry burns dot com make sure you put it on the dot com slash seven and That's a one-time investment for life You got three months to make your final decision You've got direct access to me for any trading questions you have And you get the two courses that will give you the entire by the way Those two courses give you the entire five energy methodology all the details The trading psychology course direct access to me for any questions you have That goes beyond the 90 days by the way. So you'll have access to me for life And the bonus pack how to trade gaps how to trade the news And if anytime within the next 90 days you decide it's not for you for whatever reason no problem Just um, send us an email and no questions asked. We just say fine. Here's the uh Money back on your uh, course course purchase All right. Well, I got like three minutes left. So any last preguntas questions froggins inquiries Whatever's type it in now or forever hold your peace So I'm gonna ask what momentum indicator do I use that is revealed in course two I do not give that out for free. It's not in any of my youtube videos or my blog or nothing That is only available to my personal trading students, which you can become today Uh, let's see. Thank you. Right appreciate that very welcome my friend Uh, when else we got here way, you have to be going faster or slower than the current in order to make control of the water Oh, okay I see you'd be very literal about the uh, the whitewater river example. Okay Yes, good point good point That's funny. Paul. Uh, what time frames do you like to trade? Um, um ID trade and I swing trade and they invest I manage a pension plan for that. We do a long-term investing obviously holding years swing trading I'll hold for a week or so sometimes up to a month just kind of depends, you know, as long as the market's moving with me I'm not going to get out of the trade day trading, um it varies depending on the market because You know different markets that have different Average daily volumes, I'll use different time frames for but again That's all in the course is to how to determine the best time interval for your charts All right. Thank you, Simon. Thank you, Dale. Thank you Niccolo Uh, David says I've been a student of berries for a couple of months now and has turned my trading around. Well, thank you Thank you, David. I'm glad I'm excited Uh hunter asked is trading the psychology address holding trades to not lose equity but end up losing more That is in profit end up losing Well the Yeah, we yeah, definitely We address very specific trading problems in the trading psychology course. That's individualized So I share with you in there the most common problems that people have and one of them is holding under losses Another one of them is not letting your winners run Another one is not keeping your stops. So all of these common things. Yeah, we deal with them all absolutely Uh, I have the funds now as long as the Aussie doesn't keep dropping on me. Thanks, but we have to say with great experience Thank you. Appreciate that Dean. All right. Well my time is up