The Trading Strategy that we detail in the eBook is one of the methods we enjoy using when trading and one of the only strategies that we have developed that can be traded on multiple time frames.
Trading strategies can be very difficult to get your head around and can sometimes be misinterpreted depending on how much knowledge you have technically and practically. This is why we have taken the time to compile the "Winning Formula" eBook so you can digest it and learn at your own pace. If there is anything that you are unsure of contained within the "Winning Formula" eBook then we are only too happy to run though these questions in future videos. Don't be afraid to ask as we were once where you are now!
Trading Strategies Video
Taking a closer look at the analysis of the 60min ES shows us that the price actions are respecting the 50MA (Moving Average), only breaking it slightly before the close yesterday. Philip identifies a trading channel which has been created inside the longer term trading channel. He does not consider this to be fully confirmed because there has not been any bottoming price action at the lower trendline.
In any trading strategy, there is always a money management element that has to be considered and position sizing is the highest on the list. Always position size according to the warning signs that are presented in your chart analysis and remember to scale out so that you can make your trade a risk free trade to allow you to only play with profit.
Applying the "Winning Formula" trading strategy to Silver is part of today's video. Philip runs through the process of identifying the Phase 3 in the silver commodity and the retest of the Phase 3. The strategy is fully explained in the eBook and it's completely free so if you have not already downloaded it, sign up to get your hands on a copy today.