The first, introductory live trading video for the Brooks Price Action Best Trades online course Bonus Videos module. Live trading videos will be put on the blog here (and YouTube) occasionally for public viewing.
A survey has been created below to gather feedback on what form of live trading video traders most like to see. It is a real challenge, and time consuming, to produce these videos with much editing of non-action and similar. Some traders may prefer full length unedited videos, but others do not, so some compromise is needed. This video is edited down to under 20 minutes from about 45 minutes. Maybe about 10-12 minutes long if no intro and other non-setup talk.
ES Emini S&P500 futures open
Tuesday September 11, 2018
00:00 – Introduction
02:55 – Trading committee
04:17 – Market day session open
06:35 – First trade missed (busy talking!)
07:40 – Second and third trades missed!
10:05 – Double bottom setting up
11:55 – Analyst talking internally
12:30 – Buy the Close setup passed (busy talking!)
13:10 – Buy the Close setup – taken
16:22 – Tight trading range breakout
18:07 – Target filled
19:51 - End
Inner trading committee in action
When recording live trades and talking through market action, my ‘inner trading committee’ gets distracted. The ‘Tutor’ part of me is doing the talking. But ‘Tutor’ is not the best part to be out when trading! An interesting self-awareness finding.
In the video you see me getting distracted from taking trades without realizing it! A work in progress for sure, as do have to talk on camera often. You can see/hear how inner Trading Committee psychological parts communicate through internal thoughts. I then vocalize those thoughts. Along with animations, this could be quite effective. Just have to avoid allowing the ‘Tutor’ to talk too much!
You will find one live Buy the Close breakout trade on the video. Especially interesting given the late entry, potential resistance, and tight trading range that followed. A good example of order flow support for price action.
Live trading survey
Would appreciate any feedback on the following survey topics. Feel free to add your own answers and comments below. Will keep survey open until further notice.
Without editing, videos could be 1-2 hours in length or more for busy market. Perhaps 30 minutes to one hour would be max time for most videos. Some shorter if slow action and few trades.
In my thinking (DTI Admin), use of animations is a novel way to show 'behind the scenes' trading psychology action. Can be limited to events as shown in Introduction video.
Can test speeding up video on next live trades video to see how it looks and feels.
Future videos will feature multi-contracts, scaling in, and more complex topics.
Just enter your points above or below other questions in survey for other traders to vote on.
*Comment on one point above: You can see contracts used on the NinjaTrader screen markers and on the Jigsaw DOM ladder. I will see how best to show P&L, maybe keep one account for live trade videos only?