Course Layout For Our Professional Trader Training Series
After 20 years of testing, we found the right mix to help traders to absorb our unique method of training. While Dynamic Price Action does not require indicators or a certain charting platform, there are nuances to using Price Action. Instead of relying on indicators, software or fixed rules, this method teaches you how to read the market just like a book.
After some time in the course, you may actually find yourself knowing in advance or having a gut feel of what the market is likely to do next.Then, add our powerful and clear exact rules to follow to take advantage of that move, and you will have a trading plan that never goes out of style!
The reason this method of trading is so powerful, there are no filters between you and the market.
We emphasize in our training to take your time and dive deep into the classes. The first few units may seem too basic, but you will need them later on in the course.
This unit helps match the market to the trader. If you are a beginning trader and have not found your perfect market yet, this section will help guide you to find the market and time frame that will work best for you. The markets are just a tool to get you to your goal.
DYNAMIC PRICE ACTION AND CHART TYPES
Description of various charts available and brief outline of their strengths and limitations. Focus of lecture involves price action charts. Excellent information for the novice trader and good review for the experienced trader.
Analysis of the time frame charts that are used for both day and intraday trading. Description of their respective strengths and limitations. Strategy for combining various time frame charts to conduct your market analysis. Again excellent information for the novice trader as well as the trader with experience.
MULTIPLE TIME FRAMES
Only looking at one time frame does not tell the whole story. Let’s say you are a short term trader and you have a signal to go long. There may be a major resistance area that longer term traders are looking at to fade against that will blow you out of the trade. This section will teach you what higher time frame charts to look at before you make that trade. This course will give you an “Ah ha” moment when you have wondered why the market appears to stop in the middle of nowhere.
PRICE ACTION AND SWINGS
Only looking at one time frame does not tell the whole story. Let’s say you are a short term trader and you have a signal to go long. There may be a major resistance area that longer term traders are looking at to fade against that will blow you out of the trade. This section will teach you what higher time frame charts to look at before you make that trade.
CLOSES, CANDLESTICKS, AND CANDLESTICK MATH
Introduction of opening and closing price to bars and classification of bars inclusive of opening and closing price. Review of trading by living candle by candle and the negative impact to trading performance. Dealing with noise in the market and the utilization of candlestick math to mitigate market noise. A Review of candlestick bars and characteristics. Analysis and practical application of candlestick patterns.
TRADING INTO SPACE
This is a powerful concept that will improve your trading plan results. It is trade filter that removes natural stopping points in the market and increases the probability of your trade being successful. The Video describes the rationale behind space and clear definitions for space in multiple timeframe environment. Also provides clear guidelines for using space as potential targets for trades. The key factor to remember is that it is not a strategy in itself and requires a trade trigger to be effectively used.
LOCATION AND VOLUME
Defines location on a chart in terms of an event, time, and/or price. Provides description of significance at key locations. Analysis of volume and relationship with location and price action. Introduces multi timeframe analysis in relation to volume. Rationale to open interest as it relates to price action.
This set of lectures reviews the traditional trendline theory and introduces the “trade trendline” which was developed by Bob and Mike. The trade trendline reduces subjectivity with clear rules to produce these trendlines which provide entries and targets. The final lecture introduces advanced techniques utilizing trade trendlines.
This aspect is a critical component of the course and it is strongly recommended to be confident in application of the techniques that are presented.
SIGNIFICANT LEVELS AND SUPPORT AND RESISTANCE
As with trendlines, drawing support and resistance levels is subjective and difficulty is experienced in being consistent. This set of lectures introduces “significant levels” with specific guidelines as to identifying elements and patterns that produce significant levels. These are practical levels for trade entries, stops, and targets.
Significant levels build on the trendline lectures and have a direct relationship with trendlines. This aspect can also be considered a baseline concept for proceeding into future lectures.
INTRODUCTION TO FIBONACCI AND GANN LEVELS
Lectures provide background and general understanding of Gann/Fibonacci theory. Discussion on pros and cons of Fibonacci versus Gann. While the strategies provided in the course provide better results with Gann, the lectures provide you with option of using either indicator. Focus is between zones that provide high probability price action with other techniques. Finally, analysis of utilizing clusters from both retracement and extensions for targets and trailing stops.
MOVING AVERAGES AND ROTATION ZONES
Review of the different types of moving averages, how they are calculated, the different inputs, and popular uses. Description of price action rotation zones and dynamic rotation zones utilizing moving averages, which are a significant component of the various strategies that will be introduced in future lectures. Provides rationale for high probability trades using the various rotation zones in combination with significant levels, trendlines, consolidation areas, and areas of support and resistance.
RISK REWARD AND STOPS
This is one of the most important series of lectures in the course. First there is description and understanding of the lizard brain and how it adversely impacts your trading performance. Moves on how to trade based on return of investment, with professional risk management, especially considering stop placement. Trade expectancy is then introduced in terms of targets, reward to risk, and win/loss percentage. Following lecture introduces Monte Carlo analysis. The final aspect of the lectures is stop placement, both initial stops and trailing stops. Finally walk away stops are discussed. Of all the lecture series, this is the only set with 5 lectures and the implied importance is substantiated by this aspect.
OUR TRENDLINE TRADE
This is a complete trade setup used by all of us. Using all that you have learned in all of our previous courses. This trade is great for any market, any time frame and has an excellent % win rate if used properly.
This section covers how to use R Zones on a pullback if you have missed a triggered trade, such as the Trendline trade. R Zones are natural rotations in the market using a specific set of moving averages. This trade uses Space, Trendlines, Significant levels, R Zones, Location and Volume and Multiple Timeframes.
R ZONE TRADE
This section teaches you how to use the R Zones by themselves to trade. Obviously, you will need to thoroughly understand R Zones, how and why they are formed. This trade also uses Significant Levels, Gann, Multiple Time frames in its setup.
ICE CREAM TRADE
This section teaches you a special setup to trade reversals. We call it the Ice Cream Trade because the setup looks like an ice cream cone. Very powerful setup. This trade requires a thorough understanding of R Zones, Multiple Time Frames, Gann, and Significant Levels.
TRADING WITHING CHANNELS
This section teaches you how to trade within congestion areas. Since the market spends 60% of its time in congestion, this is an excellent course to take. This trade is best taken when the markets go into congestion from a previous trend. This trade uses Significant Levels, Gann, Multiple Timeframes as part of the trade setup.
This section teaches you how to trade breakouts from congestion areas. Once the markets have been in congestion for some time they tend to want to breakout from congestion. However, there can be false breakouts quite often which kills traders. Bob and Mike created the “Shake and Bake” trade just for those false breakout as well as a traditional breakout trade. Understanding how to trade congestion is just as important as learning how to trade trends. This trade relies on a complete understanding of Gann and Significant Levels.
TRADING DOUBLE TOPS AND BOTTOMS
This is the classic reversal pattern that is taught in all the books. However with our own twist that drastically increases the probability of this trade. Traditional reversal trades have such a low probability because the typical trader does not wait for confirmation. This trade provides detailed rules to make sure the market is not just resting before resuming the trade. This trade requires the understanding of Gann levels, Significant levels, Trendlines, Multiple Time Frames, and R Zones.
TRADING HEAD AND SHOULDER PATTERNS
This is an advanced reversal pattern. Similar to that what is taught in Double Tops, but with 2 pull backs instead of 1. We developed our own twist that drastically increases the probability of this trade. Traditional reversal trades have such a low probability because the typical trader does not wait for confirmation. This trade provides detailed rules to make sure the market is not just resting before resuming the trade. This trade requires the understanding of Gann levels, Significant levels, Trendlines, Multiple Time Frames, and R Zones.
This is an advanced pattern similar to flag trading patterns. Very advanced and rare pattern. But when it occurs, it is a very high probability trade.Understanding how to trade congestion is just as important as learning how to trade trends. This trade relies on a complete understanding of Gann and Significant Levels.
When the markets are closed or in a slow period, gaps are created. Unlike what you have been told, gaps do not always fill. Here is how to trade smart with gaps. This trade requires understanding of Gann Levels, Significant Levels, R Zones and Trendline Trades. Gaps are like windows in the market. They occur mostly in markets that are closed overnight. They are excellent to trade, but most traders use them improperly.
THE MARKETS ARE DYNAMIC AND SO ARE YOU!
Trading and investing is always evolving. There will be new products to trade or invest in, new ways of trading them, new software or trends to discover. This industry is constantly changing and because we are all active traders, we have to stay on top of trends.
For all active members, we will keep you on top of the most recent trends trade plans.