Danielcode WebinarPart 2 th 8 September 2009 Swings

Danielcode Webinar-Part 2 th 8 September 2009 Swings, DC Retracement Tool, BB 3 s, Risk Management, the 2% rule, T. 03 entries www. thedanielcode. com

Danielcode Tutorial & Library n n The last tutorial for 2009 is being held in Taupo, NEW ZEALAND on 27/28 October. Details are on the DC website. Danielcode Library at Genesis will be released this week. The Library is free for Danielcode members. Eric Seltzer will have a list of members and will co-ordinate your access.

Swings-Genesis study with DC settings

DC Retracement Tool

BB 3 s n n n BB 3 is a momentum indicator It looks at just the last 3 completed bars A BB 3 is the biggest bar in the past 3 bars measured in different ways Markets can accelerate or exhaust on a BB 3 They are a cautionary signal for early entries-DC Library will create them

Qualifying the Trade. We use the daily chart with the fast stoch to “qualify” the trade

T. 03 Signals-Daily signals valid for 2 days

Sometimes they look ugly!

This T. 03 is “elected” on the 2 nd day

Some will morph into a DC Blue line trade in 3 -4 days

Here’s another

T. 03 signals MUST be “Elected”

CAUTION! You cannot trade Forex without Genesis Trade Navigator. It is the ONLY program that operates on correct Forex time. Other charting platforms will give you incorrect prices. Forex is an international market that works on GMT

Earlier Entries n n n The T. 03 signals MAY be anticipated on shorter term charts Some of the Danielcode trade signals can be anticipated and others cannot, so be clear which is which Other entries that we will discuss in later webinars in this series require entries from the daily chart

T. 03 s are a leading indicator-they can be early. Move your stops to protect profits

Risk Management n n Risk management is what keeps you in the game. It is vital knowledge We have no way of knowing which of our trades will be winners, and which losers. So we try to make the “risk” on each trade the same Measure from the initial stop on entry to the entry point in $; then adjust the contract size of the trade so it is no more than 2% Use the Genesis “Risk/Reward” tool to make this calculation

Genesis Risk Tool

Outside Bars. Always S/R at the point where an outside bar occurs

Stop loss management n n n Every trade order must have a stop loss Use “if done” stops Stop on entry goes above/below the swing Move your stops to break even as soon as practicable Move your stops to protect profits

That’s all Folks n Thanks to Glen Larsen, Pete Kilman and all the crew at Genesis for hosting these September “ 5” webinars.