Video 13 A, B & C: Always In

Question 1

Market is always, on all time frames, in either:

Answer 1

A Trend or Trading Range (TR)

Question 2

The reward for a Swing is…

Answer 2

Two times the risk

Question 3

Traders Equation has three variables. They are…

Answer 3

Risk
Reward
Probability
(See video on Trader’s Equation and Probability)

Question 4

Focus on Probability (Questions to ask)

Answer 4

Is the probability of going up greater than going down?

Question 5

Goal of Probability is…

Answer 5

Trade in direction of higher probability, because usually easier to make money.

Question 6

If context is good, one huge bull bar with a close on it’s high (Or opposite for bear bar) is Always in Long. True or False?

Answer 6

True. It can also be 2 big bull bars, with closes on high or 3-5 smaller bull bars (Creates one big bull bar on higher time frame) (Opposite Bull)

Question 7

True or False: An Always In Trade usually starts with a Breakout (BO)

Answer 7

True

Question 8

When the market tries to do something twice and fails, it usually…

Answer 8

Gives up.

Question 9

What can happen when very often vacuum rallies are drawn to test stops in weak and strong progression

Answer 9

Weak: Stops will get taken out
Strong: If one side is in control, attempts to stop out will get bought up

Question 10

True of False: Reversal attempts are often strong, but many need one more bar

Answer 10

True: Smart traders bet against a reversal. The attempt would need consecutive follow through bars.

Question 11

True or False: Always In trading is a way to help me trade. You can enter on any bar of the chart. If you can tell the current direction of the market, I can enter at anytime and trade small enough so if I lose I don’t lose more than…

Answer 11

…any other trade.