Nasdaq 3x Contract Losing Trade

Here’s Setup 4 not going to plan on Nasdaq e-mini midweek.

Like I said in the video you can’t have winners without losers so the quicker a trader learns to fully accept them the quicker they will be consistent winners!

The NQ market has become one of my favourite recently and for those of you asking I also trade many other markets but most regularly would be Nasdaq, Dow (YM), most USD Forex spot pairs, Yen pairs, GBP pairs, Russell and S&P.

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Nasdaq E-Mini 3x Contract Trade – New Setup 4 In Action!

Summer’s over (sort of) and time to get back into the markets. Volume should be picking up and with it volatility and opportunity!

Here’s a demo of the brand new setup 4 in action. Market is Nasdaq (NQ) using 3 positions, all of which hit profit targets. Of course it’s not always this plain sailing!

For existing Pipdaq traders, check your inbox as you should have received the new setup 4 through email. Let me know if you didn’t receive it.

New traders jump on board and find out how to trade these! Also please subscribe to the Pipdaq Youtube channel here or Instagram here. Thank you :)

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Summer Trading

Hi guys,

Just a quick note to say that I scale back my trading in the summer months of July and August due to lower volume and less favorable price action.

I am still around to answer your questions of course but please be patient as I might be a little slower in replying than usual.

Many thanks and have a lovely summer wherever you spend it.

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I trade futures with Optimus Futures and I read an interesting post on their blog about drawdowns  I thought I’d share it here as this is a subject that doesn’t get talked about much even though it’s a big part of every traders daily life.

Being a trader means that by default you will at some point experience draw-downs. This can be the drawdown of your current live trade or the drawdown of your whole account balance once you have closed all trades.

Drawdowns are impossible to avoid and there is no point wasting energy trying to avoid them as some traders do. It is irrelevant how effective your particular trading strategy is or how good a technical analyst you may be, you will continuously experience negative equity on a regular basis.

As drawdowns play a vital role in your trading psychology, it is best to build up your mental framework sooner rather than later to be able to deal with them. Until that time you will likely fail as a trader (or not be as profitable as you could be) as they cause a massive number of trading errors. The very process of being in negative equity evokes fear which in turn makes inexperienced traders to not act in their best interests.

Here’s a quote from Matt Zimbergs article on the subject:

There are no “methods” to deal with drawdowns; rather it is the conscious psychological effort to recognize that regardless of how good your system/method is you will experience times where you will lose money. A trader may sometimes do everything “right” and still experience a draw-down.

The inability to factor in drawdowns when formulating a business plan for trading may entice a trader to drop trading methods in favor of other trading methods just to repeat the same cycle of dumping a method that could potentially be successful because of a sequence of losing trades.

Learning to deal with drawdowns is one of the first obstacles to overcome when new to trading so if that includes you check out the full article and for further help in trading without fear I’d recommend to read Mark Douglas’s “Trading in the Zone”.

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More M5 Setups (Eur/Usd)

I’ve not had as much time so far this year for making videos as I planned. Actual trade management and my free time take priority!

Having said that here’s another trade taken on a small time frame on Eur/Usd.

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Live trade on on the Forex Spot 5 minute chart (Eur/Jpy)

Here’s the first of my live trade videos. Hopefully they will get better as I learn how to produce them.

The quality is not 100% so that’s one thing I will look to improve as well as getting a microphone so I can talk on it!

This was a trade taken 7th January 2013 on the M5 EY chart.


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