In Trading, 91% lose. Become
One Of The 9% Now. This Is
How.
Hi, good day. You're with Francis Hunt, the Market Sniper.
Thank you for your interest in Hunt Volatility Theory. I'm going to be sharing with you the lessons
learned on a long trading journey (over 26 years in fact) that has led to my developing a personal
trading strategy and, more importantly, in terms of how it affects you, how you can benefit from
those lessons taken by me and quantum leap your trading performance in a fraction of the time
it's taken me.
How To Become One Of The 9%ers
So, join me in a snapshot of my journey……
My ‘Lucky’ Window on the World
…….. I'm extremely fortunate. I have a ‘lucky’ window on the world. In some senses I'm uniquely
positioned. I've benefited from trading and a love of the market since 1987 when I first began my
involvement. I was a technical analyst and chartist almost from inception. In the last 3 years I've
been involved in a teaching and mentoring role at a trading academy here in London where the
students are fresh­faced students. Beginners just starting their trading journey.
Simultaneously, I run a private mentoring program that I oversee personally for intermediate
traders in the 35 to 55 year age group. These traders are being honed and refined on my unique
Hunt Volatility Funnel strategy, which is a 6 month Trader Metamorphosis Program dedicated to a
single approach. This is part of my trading metamorphosis program.
Also, 3 days a week in the environment of the academy, I get to interact with a room full of equity
and Bloomberg screen effect transfixed hedge fund managers. In other words, real, quality,
longstanding warriors of the trading game, managing between 5 and 25 million +
One of the great benefits of seeing this mix of both early starters and market ravaged warriors is
that i’m reminded of all the mistakes and errors that I made when I first commenced my
journey….and most importantly to you, how we can faster circumvent those errors, yet getting
the influence and the stimulus of engaging with seasoned veterans at the same time, and the
benefit of teaching in an environment where I seek to learn that which I'm teaching, it has further
developed me as a trader. This has been incredibly beneficial.
Who am I and what am I known for…….
First, a little bit more about what I've done in the trading market and what I'm known for. I was
part of the Cantos Charts technical analyst team largely one of the biggest names in technical
analysis in the UK and we were involved in a series of programs for Cantos Charts that went out to
a large audience of traders. My big calls, I was looking at some macro calls during the period of
2007, 2008, running through 2009. Some of them are detailed here amongst many, so I've been
involved in the markets on all time frames, but broadly speaking the ones that tend to capture
people's imagination and almost get a lot of derision when you make them, are the big time frame
calls, the macro moves.
During a time when everyone was anticipating a major element of deflation and for the west to go
on the path of the Japanese deflation and shrinkage, I called for the gold market to actually run in
excess of 35 percent. In fact, I gave a very specific trade that led to a 1:19 risk reward that I felt
would take 14 months to complete and would see all time new highs for the metal by some way.
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Additionally, I made an even bolder call on silver, which involved a 63 percent move running from
$19 dollars to $31. This was an all­time high for silver.
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EURCHF 1500 PIP CALL
On the FX front during the course of November of 2009 my strategy identified an incredibly
interesting macro pattern on the Euro Swiss Franc pair, and using this particular methodology I
came to the conclusion that we were going to see a substantial re­rating in the Euro Swiss Franc
pair, and that it was going to be to the downside. In other words a major loss of value in the Euro
relative to the Swiss Franc. I placed my pending orders at the key levels, so I was not in the
market, and ­ coincidentally ­ I had a holiday booked and went away, completely neutral to the
trade: the market would either hit my orders and I would enter the market, or it wouldn’t. Either
way, it didn’t matter to me as I was too busy soaking up some UV’s and partaking in some of my
favourite outdoor pursuits.
While away all my stocks and my targets were in and by the end of a very good holiday I was
substantially in profit in a move that ended up totally in excess of 1500 hundred pips. This was
later to be known as the Greek crisis rolling into the larger Euro Zone crisis.
How To Get The News Before The News
The interesting element of that is that it illustrates how technical analysis, when you see the big
moves, can often give you the news before the news. It only came out in 2010 ­ January, February
and March ­ that there was the beginning of a problem in Greece that then later escalated and
brought in a lot of the southern European states and is the crisis as we know it today.
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Here's the gold weekly chart from that call.
A very simple diagram with some simple lines to give a very basic illustration of what the call was.
In fact we got in a whole bunch tighter on this. We got in at the 966 on a pattern within a pattern
and that's why we got a 1:19 risk reward, and we had a stop loss there. This was an incredibly
powerful trade and it ran exceedingly well. That was the gold weekly chart that I've just shown
you.
Silver weekly was almost more explosive. It took a while before it got going, but once it got going
it got rowing that boat and it flew all the way up, up, up, up, up, and in a similar way we were able
to get in even tighter than this green line illustrates with a tighter stop. It gave an incredible risk
reward. That particular trade all done very, very briskly once it broke. Interestingly enough I put it
on a monthly chart that does compress it slightly but what you'll actually see is at the point of the
break there, they're already in 1 month, 2 months, 3 months, 4 months, and by the 5th month the
target had been run. That was, in terms of time frames, it was far quicker than gold although a
later starter with a substantial increase in value.
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There's the Euro Swiss Franc, the weekly 1500 pip call. You can see this particular setup in a similar
way was a downside break and this was, once again, a trade that moved with great conviction and
momentum. The value of this is psychologically you get the benefit of the market moving strongly
in your favour from the minute that you entered. That's an incredibly powerful thing and you can
see well north of 150 levels we ran all the way down to just above the 135 levels to the 136 where
we got out, giving you a better part of 1500 pips. I've drawn other levels in there that show where
the SNB, the Swiss National Bank, actually intervened and I've got other slides on that later on to
show you, so stay with me.
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Can You Guess Where The SNB Intervened?
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HVF Theory & The Ruble
For a more recent large­scale example of HVF Theory in practice, here’s the call we made on
USDRUB ­ Russia being a major key emerging market. This was prior to the Ukrainian conflict. We
said we don’t know what’s going to be happening in the news, but the ruble is going to be losing
an immense amount of value. We had a major, weekly, big time­frame set­up here for the ruble
to the upside against the USD, implying USD strength and massive RUB weakness.
This is the chart as it broke out and made its first interim target. It’s all about interim levels in HVF
Theory.
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USDRUB ­ 2nd Chance
And why after interim levels are met you often get a pull­back in this instance the train has
reversed back to come and fetch you. You could re­enter on the green line for fresh longs for
upside performance with expected overperformance, looking at it on the monthly chart:
USDRUB ­ 2nd Level Interim Target
That’s how it progressed after that return move to your funnel there. Strong each month,
significantly forward on the next one until eventually melting up.
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USDRUB ­ Melt­up I
Here you’re seeing it go through 55 into a shooting star just shy of 80. We said at this juncture
after we made this expansive, super ­ expansive, lift­off you should be getting out and that it’s
hyper volatile and the overperformance period will now see a temporary period of relapse. The
shooting star, the pull­back to 54 on a key emerging market like the ruble.
USDRUB ­ Melt­up II
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Be Early ­ Brent/Oil $103 Was Our Break
Then on energy if we go and look at oil you can see how back in 2011 we called the top and said
this is going to be the beginning of a new trend. This is the first inverted HVF in a new trend and
we were breaking the $103 level that this key move as you can see at $102.41 down there was
going to have overperformance through the target to the downside.
Be Early ­ Brent/Oil Overperformance
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The key big macro energy call trade theme that literally for this 2014 mid­period right the way as
we are going well into the heart of 2016 being one of the predominant news­based themes. There
it is rolling over 69.82 after running the target area where you would have done a partial close and
rolled a bit over for a little bit more.
Brent/Oil – Understanding The Role of Volume & OBV In The Sell Signal
This is the kind of analysis we do. We LOVE charts. If it looks bewildering at first, don’t worry.
This is an On Balance Volume Indicator where we’ve done technical analysis. Look at the orange
squares where we identified and shown this was always going to be a downside break, all these
orange squares angling up on a grindline (we’ll teach you about grind lines) and then you can see
the orange squares on the OBV flat­lining, indicating that it was no longer going up on strong
buying volume and that the selling days were actually the ones on heavy volume……
……..pointing to that the volume precedes…….pointing to the downside move that you then see.
Look at that huge dip and break there and you could have got short as you took out those levels.
Look at the descending tops here while we still have a nice squeeze up top there, OBV helping you
get short earlier. You could have got in at $110 on the break of that grindline on confirmation of
the OBV having peaked already. Isn’t that interesting? Is it of interest to you?
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Brent Oil ­ Keep On Keeping On
So you could have known that it was in the water before anybody else. Why? Technical analysis,
charting and understanding HVF Theory. Look at the Brent. We said it’s going to go lower at this
juncture, it’s not bottomed out. Why? HVF Theory. So many people were calling bottoms. We
said lower, lower, BOOM...there it goes. Lower still. You could have even gone short at $55 even
if you’d missed the major move and it’s traded below $30.
This is the Macro view in a monthly chart of what’s gone on.
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Gulf Sands Petroleum (Short)
Drilling down deeper and keeping in line with the oil narrative, here’s Gulf Sands Petroleum (GFX)
on the daily chart. We called this way back in 2013 prior to the Oil collapse and the War in Syria.
This, dear readers, is the epitome of news before the news (and contrary to a number of
newsletter circulars recommending it as a buy).
We suggested an early sell at 100p was triggered suggesting the trade at that level, resting at 79p
and giving a second chance selling opportunity at that level for those who missed it the first time
around.
It’s now trading at 6.75p ­ a 93.25% capitulation from the point of entry at 100p!
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My Window To The Trading World
This was my lucky window in the world and it remains to this point in time. Working towards
capturing this methodology in a book has got me thinking about all the benefits. I get to see the
mistakes people make again and again (and again). Traders make the same mistakes. Over and
over again ­ and they wonder why they don’t become profitable, consistently.
I get re­reminded of them and I get re­reminded of my own history and trading journey and how
long it took me to overcome those mistakes and how regularly I smashed my head against the
same wall before actually coming to the realization that I needed a better way. I needed a better
way. I needed to stand back and go around the wall. This, combined with all the perspective that
I've got from the people around me and my own personal trading as it's developed over an
extended period of learn and fall, trial and error…..this is what’s going to lead to you potentially
getting an excellent fly past of everything I consider critical to my personal success in trading and a
number of things that I don't consider useful at all, which can help you avoid many dead ends
­thereby saving you a lot of time and money!
An Inconvenient Truth
However…. bad news, facts, inconvenient truth….You are all losers at the moment ­ broadly
speaking….in a trader’s sense, I hurry to add!
But that is a hard and pretty harsh fact.
Another fact is that 91 percent of Spreadbet accounts are, in the long run, net losers. Trade
Station statistics have stated under the obligation of law in the US, and this often has intermediate
and more advanced traders as it's quite a robust and intricate back testing tool, has hardly much
better with 87 percent being net down across all active accounts. Largely you are in a position
where you're most likely one of the 91 or 87 percent.
Either way, you’re feeding the 9 or 13% ­ because as you know, trading is a zero sum game: for
every winner, there is a loser!
I’m assuming you’re reading this because you want to move into the 9%?
My bold and shocking promise to you…..
So, my bold and shocking promise from me to you is this…..if you take on board that which is
going to be delivered to you during the course of this e­book, YOU apply it and YOU look to make
structural, genuine changes to how you have typically traded previously…. If YOU appreciate the
fullest extent of what I'm going to give you here, it is quite possible that I can elevate you to the
top quartile, even potentially the top 10 percent of that 9 or 13 percent that are the winners.
In three years time, with consistent adherence, you can potentially even have an audited trade
P&L with the discipline that could get you and qualify you for institutional management. That is an
incredible statement to make. Not everybody, as you can well understand can all have the skill
sets, but without having to be exceptional, if you apply in a discipline sense, that is indeed
possible.
Because as Einstein says, if you keep doing what you've been doing, you're going to keep getting
the same results. That is the definition of insanity.
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Disclaimer Alert!!!!
However, changing longstanding trading habits is never going to be easy. It's hard. Containing
emotional urges is also hard. Becoming consistent is tough and requires focus and discipline.
The Hope and Good News
The good news is, having said all of this, the most significant trading truths I know are about to be
revealed to you and pulled together for you in this short e­book. Applying just a small amount of
these will already move you substantially forward. In other words, if a large essence of what I'm
saying still passes you by, but you grab a decent segment, you will significantly change your
potential performance on your trading. The strategy will automatically help you focus on the new
good habits and will go within itself a long way to containing and controlling those elements that
often undo us and ruin our trading consistency.
Dead ends, major headaches and where it all goes wrong
At this point it's valuable to actually point out some of the dead ends, some of the points that took
me down a path I need not have gone, that ended up seeing me having to turn around and come
back, with frustration, loss of money, loss of equity, and loss of time. Often leading to
demotivation and spells of inactivity, stalling you on your dream and journey to being a successful,
high performance trader. In my view, those pitfalls are an over fascination in indicators,
incomplete strategies, the consistent belief that a trailing stop loss is a suitable exit strategy, and a
whole smorgasbord (yes, I did say smorgasbord) of various money management failures. That
stems from position sizing, stop loss placement, absence of targeting, and no real basis for a trade
therefore.
In other words no structure for which to exit in the first instance with a profit.
When it comes to indicator fascination, indicators invariably are lagging. There is no clairvoyance
from price behaviour and you cannot ever get an answer from a computer generated line that is
derived from a mathematical formula on price data. However, we can develop probabilities. And
we can understand and exploit the consistency with which human nature evolves and how that
plays into something technical like patterns. People have incomplete strategies. They fail to have a
take profit, they fail to have a trigger, and they fail to have a level where they accept the trade is
wrong.
Of course the failure of a proper strategy, is like using a handbrake on a car. It's there only for
absolute emergencies and very, very poor in performance relative to using the proper tools.
Most instances when it comes to position sizing people are sizing too large. In other words, they're
too aggressive. Stop loss placement and its determination should always be technical not
mathematical. Some people work, "Oh I'll be 1 percent away or 50 pips away." As if the market
cares about what percentage of equity your account is. Some of them don't even determine that
and it becomes a pain based exercise. Sticking to your guns, how ‘man’ are you and other ego
based nonsense. Are you macho enough? Of course those are fatal emotions that will do immense
damage to you.
Greed Keeps You In A Trade, Pain Takes You Out
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Greed keeps you in a trade. Pain is the thing that takes you out in the absence of targets. This
means targets are critical. Critical for containing emotions and critical for understanding a money
management and risk reward calculations.
The other element that many people simply don't grasp is the failure to truly understand the
mathematics of a draw­down…...and I'll be covering that further on. The larger the draw­down,
how much you have to make back to get back to where you started. I call it the recovery ladder,
and it's worth reiterating.
Is The Juice Worth The Squeeze?
Other various money management failures continued would be the risk reward ratio. There is a
complete lack of people bringing the risk reward ratio into their money management. It goes so
far in helping you determine the viability of a trade. Should the trade even be selected? In other
words, what's the probability of outcome and given that probability of outcome, is the juice worth
the squeeze? How else can you do that if you do not have a complete risk reward ratio
calculation? Of course the targets themselves. The intrinsic necessity of having them there to
meet the mathematics of risk and reward.
The Trend Is Your Friend. Are You Sure?
Another element that regularly comes up for traders is time frame confusion. In short we see
something set up on a shorter time frame but it's counter trend to a larger time frame. What are
we doing? What time frame are we trading? We get misaligned. We end up taking short trades
against the trend, counter trend trading without even realizing we're counter­trend trading.
I Made The Most Money When I Just Sat
One of the biggest elements and one of the most difficult and one that stymied me for an
extended period is containing the pressure of compulsion, the need to be in the market. Great
quote from Jesse Livermore in the Reminiscences of a Stock Operator, "I made the most money
when I just sat." Learning that patience, learning to stand by your plan, not feeling the need that
trading is consistent, regular, order entry, and tampering and tinkering. Ronald Reagan said it best
when he said, "Don't just do something, stand there." Particularly when you think of government,
I can see the reality and value in that, but it has a great parallel in trading. Do your analysis, do
your research, spend most of your time outside of the market analyzing, determining your high
probability trade. Then you place it, you let it trigger, and it's for all the right reasons and you
stand by it. You don't tinker.
In other words it's the right not to be in the market. We have power over the brokers and the
market makers. They have certain benefits, they might even have inside information and
knowledge that we are not always privy to, but do we as individual traders have any power? Yes
we do. A market maker has to offer a bid or a spread. The pressure is continually on him. He must
offer a bid in an offer. In highly volatile times he can stretch it a bit, but at the end of the day he
has to be in the game. He has to be equally prepared to buy or sell and underwrite. If you are a
market maker, that is the pressure that is on you.
As a trader we have the right not to be in the market and to choose the exact moments and the
exact terms and conditions under which we will engage. Think of it as a fisherman. You don't want
to enter into the ocean when the storm is on and it's coming in for dusk, you want to be able to
choose the best conditions for catching fish and nice, safe, stable seas. Learning to be highly
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selective is a massive art, skill and science. A wait for ideal criteria, and we'll get further into what
is ideal criteria as we move our way along.
Many of us don't understand the nature of the game. What is a truly rounded winning result? Is it
just the most or the highest number in an absolute sense per annum that can be attained as
percentage growth? Does the man who gets 36 percent at the end of a year beat the man who
gets 11 percent? Well, it depends. There's so much more to that assessment and I'll be giving you
some detail on that.
Lack of charting, proper charting based homework. In other words, go and do the research, draw
your lines, key levels of support and resistance….look historically where the underlying market has
reacted and the depth of trade assessment. We must look at a trade before putting it on at a far
greater level. Do you draw all your lines, look for all your patterns historical going forward, assess
your trends across multi time frames, across markets, intra­market analysis with all other
correlated markets? Are you the kind of person that does that level or degree or work each time
you are preparing for a key trade? In many instances the answer is you come in light on your
trading homework.
When we talk more about the nature of the game it's not necessarily about the absolute
maximum in any given year. Firstly you have to survive every year and stay in the game. It's a case
in the footballing analogy is not letting the others score any points against you. A great defence
means you get to come back and fight another day. This keeps you in the game for those special
days when you are well positioned and ready to exploit the market opportunity.
Draw­down and Volatility of your Equity Curve – What is the Nature of the Game?
You've got to consider draw­down and volatility of your equity curve. How many traders are truly
assessing their own equity analysis curve? Are you looking at the curve it's generating and how
deep those draw­downs are? We will return to that when we talk about the recovery ladder on
draw­ down. Extreme volatility of your equity curve is a weakness and is essentially a warning of a
crash.
As an example of equity curve, I've actually put two versions of equity curves out there. For
example, let's say this one in the red finishes on 36%.
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The green curve illustrates that at the end of its year, has grown 11%. If you're sitting in front of
four fund to fund hedge fund managers and you produce two separate performances, investor A
and investor B and you are A with a green line and somebody else is B with an outright return of
36%, which one do you think the people that have hundreds of millions to allocate to a fund are
going to elect to give funds for going forward? I can tell you the answer is slightly different to
many people's expectations.
The 11% with the stable equity curve and the minor drawdowns and consistent
incremental growth is far more attractive. This person has tight money management, is not taking
excessive losses and is controlling consistently his progress up.
The next person that invested may have been better part of 25% up in the first quarter and back
down to nearly nothing would have lost an immense amount of investors in this fund coming
through here and would have gone through a massive emotional rollercoaster in losing that
amount of equity in such a short period, even though it would have been giddy with excitement
on the way out. This personally is too much of a rollercoaster ride will make many investors
extremely uncomfortable and would see lots of redemptions occurring.
We want to prepare you in the mentality that we're almost setting you up to become
macro hedge fund managers. In other words you have a responsibility to a stable equity curve,
both for your own emotional state and for that for anybody else's money that you might end up
managing one day. This is the mentality we have to take in outright performance. Actually, it has
to be taken into context with drawdown. This is a very, very important point.
Focus on One Thing….And Do It Very, Very, well
“He was a jack of all trades, and a master of none”
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Carrying on with the many learnings on my trading journey and the mistakes that I found people
regularly make, that's almost standard to every beginner and intermediate trader….We need to
do one thing very well, rather than every day a different strategy……Today I'm going to trade
Bollinger bands, yesterday I was trading pivot points. I think I'll look at the moving average system
and try that on Wednesday. On Friday we'll trade the news with non­farm result. I'm afraid you
are failing to build a specific competence in one particular area.
At the end of day the bulk of what Microsoft did, is operating systems and Intel sticks to
chips. Note that Intel doesn't try to build operating systems and Microsoft doesn't try and build
chips. Do one thing. Specialise in that particular area, do it well and dominate it.
Too few pending orders are being used for entering the market. If you are a person that does an
analysis on your executed trades and you find every single one appears to be taken at market, you
need to ask yourself….
…...can it be that in my trading world view, i’m always entering the market at the optimal
time...which just so happens to be as soon as i’ve sat down to trade at my PC for 10 mins, had a
coffee at 09.35hrs on a Monday morning and flicked through my charts? Can it possibly be that
my first impulse to buy/sell at market price is correct?
In reality, the probability of that is extremely low and I'm afraid very random. The key way we
have excellent execution is we do our homework over a sustained period.
Rarely is it the moment for entry. You've got to look at levels, you've got to look for an event,
you've got to insist that the market creates a set of criteria and then distinctly moves in a manner
that says, "Right, I'm about ready to take serious direction in the following way." That usually
requires it to take a key level of significance out. It could be a support of an existing price, it could
be anything. It's not necessarily likely that you happen to be there at that exact point and time and
it's very rare that it happens to be the first 20 minutes after you switch your PC on and had your
breakfast coffee.
What’s Hansel & Gretel Got To Do With This?
The more and more you are entering at market, the less you are actually allowing the market to
take you in with pending orders and determines to me the extent of experience you may have. Ask
yourself the question, do the analysis, how many of your entries are pending? The other element
is, you've got to apply the Hansel and Gretel analogy, all the way. You may get lost, you're going to
go on a journey. Some of them will be dead ends. You are continuing to learn and become a better
trader.
It depends on what you do with the lessons you paid for. Journalize, document and measure
performance. Leave the crumbs, leave the trail. You will look back in years to come and you will
see how you've developed. You will have a basis for comparison, instead of just drifting on and on
and on. We know clear ideas to where the lessons are being taken or where the mistakes continue
to be repeated.
Trust me, I'll bash my head, as I mentioned before, many times on the same mistake. Experience is
recognizing that you'd made the same mistake before, but through learning is applying that
experience and setting yourself up so that you cease to do so.
What Can ‘Weight Loss and Lazy Phil’ Teach Us About Our Trading?
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One of the key elements of measuring and I believe this is really integral to the generalization, was
a narrative that I got, funny enough out of a book, absolutely nothing to do with trading. There are
many lessons or learnings to be taken from all of life, many activities. This one came out about a
four hour body of workout book. There was in fact a small chapter on an individual that was both
lazy and overweight and he decided that he both wanted to lose weight but he refuse to change
what he ate…..he quite enjoyed the way he ate.
He didn’t want to exercise. He didn’t like exercise. He stated so explicitly. He's overweight and he
understands that he doesn’t like exercise. So he set himself in extremely winnable goal. In other
words he didn't try to conquer the world. If you set yourself the target of becoming a millionaire
by the end of this year, on the basis of your trading, you are probably setting yourself up to fail
and you will take too big a risk.
He set himself a very winnable goal and he also did something else, he established a ​
range of
tolerance​
. Obviously you're not going to walk exactly the line to that highly attainable goal. When
you set this highly attainable goal over a sustained period, 18 months he took to get down to his
ideal weight. This was not any crash diet. He didn't want pain or suffering of any kind. In fact, he
wanted very little change to his life. "You would punish", he said, over performances. In other
words if he was losing weight beyond his band of range on either side of his line that was
projected into the future measurement of his weight that should be lost, he would punish over
performance in a similar way as underperformance.
This is actually a very interesting trading analogy, because we do the most damage to our account
after we've had many wins in a row or single big win. Overconfidence kicks in, and in fact we undo
all the good work we’ve done and often take a bigger hit beyond that win we have achieved. Over
performance can be as dangerous to you as underperformance in trading. Be warned, it sets the
seeds of future destruction and that is something I learned. Anyway, this very interesting story
about the individual who wants to lose weight and doesn't want to change anything about his life,
in what he does, both eating and in not doing any great exercise.
How are you going to do this? It was really, really interesting. The one thing he did commit to do
was this…..
Thou Shalt Measure……
…….he was in the IT industry and he was quite tech illiterate. And he had an exceedingly good
measurement system as he’d bought himself one of the most expensive set of scales he could get
his hands on. He wanted to have really accurate measurements of his weight every single
morning.
What did he do? Every morning he commits to doing one single act. He would get totally naked,
have a pint of water and then take a pee. Then he’d weigh himself so that he was comparing like
for like, same scale, same spot, same time every single day. He did this consistently without fail,
regardless of whether he’d binged and wasn’t looking forward to the weigh­in, or he was tired.
Whatever the circumstances, it was done, captured and put through his spreadsheet with these
bands of performance and off he went.
In fact, if ever he over performed, he went out and specifically binged. Interestingly enough, this
actually helps with weight loss because it messes up your metabolic sensitivity. Anyway, the point
of this was that at the end of this 18 month period, by just psychologically hinting to his mind that
he intended to lose weight and by consistently focusing on the measurement, he achieved his
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goal. He didn't believe that at any point he made any major changes to his lifestyle. The only way
he could explain it is that he possibly, without realizing it, because he had focused his
subconscious mind on weight, he may have taken a few more staircases rather than lifts, without
even noticing he was consciously making that decision.
He may have waived a dessert, when not really feeling that hungry where he just automatically,
habitually used to have ordered it. Purely now because he'd flagged to his subconscious mind that
he no longer wished to do this. This is the power of focusing your mind and measuring. You are
and you become that which you made to measure. This is what I will introduce to you for your
trading. In other words, you shall measure and you shall do so accurately.
We will measure, we will size with all money management spreadsheets and we shall do so
accurately and we will plan every trade. If you implement this you will never have an oversized
loss ever again, only a plan for loss, an acceptance of the loss and an emotional neutrality to that
loss. If you do all these things and you focus on your equity curve measurement, you will become
a better trader just by flagging to the ultimate power of your subconscious mind where we use so
little of that brain and you will improve your track record performance immensely. Just by nature
of the focus there.
Indicators Indicators EVERYWHERE
Having mentioned that, we have to also discuss everybody's indicator fascination. It is one of the
most annoying elements that I find with new technical analysis programs or beginners (not the
annoyance ­ it’s not their/your fault). The first thing that happens is to be introduced to
indicators.
Indicators feed us emotionally, our weak emotions. In others we crave clairvoyance. We come
here just wanting the answer and they offer us a computer generated line, which gives us the
answer to the trade we should be taking. It even gives us the trigger, when that line crosses that
line, then that is your signal to enter a trade. The indicator has spoken. We are often not that
interested in doing our homework of technical analysis, we just want someone to give us the
answer.
What is an indicator? A mathematical formula applied to the hard data of price, invariably. Of
course it lags and it is totally not clairvoyant! We want those absolutes, we want those exactitudes
in terms of answers, we set up there, we have this lust for clairvoyance. Is the market going up,
yes or no, if so how far, specific levels.
We've got a mortgage to pay, the countless amount of times I've had people ask me for my view
on the market and they want to know, is it up and how far, and what point do I buy? Why not just
give me the trade, it's essentially the mask of the individual. In actual effect, we have to do our
own homework. We have to get our own degree of confidence in the trade and we have to find it
ourselves. We have to learn how to do that. There is no indicator which will come close to giving
you a trade. Here's your stop­loss, here's your entry, here's your target.
In fact, the system I'll give you will do all those things and it will even give you an idea of the
journey on the way to stop­loss, it will be high risk reward ratio.
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In other words the risk will be low for the reward that potentially you are actually getting.
Unfortunately there is no indicator that does those things for you. The fallacy of indicator
confirmation is almost a case of, “we actually are looking to make a trade and we are waiting for
something in the computer to tell us it's okay to go ahead”.
My tendency is to say, ​
"Stop being a wimp."​
If you've done your research and you like the look of
the trade, don't wait for some lagging mathematical based formula to generate conformation.
Take the trade. It's is not a new reason for going long or short. It is based on the price action,
which you've already been looking at. The indicator is just another manifestation of the price
action being represented in a lagging slow form and often there to give people that extra little bit
of confidence to push themselves into the trade.
Why Fools rush In….Why People Buy At Market ­ And Why They Lose Money. Again and Again.
Don't be a fool, it's not a new reason, it's the same reason being re­presented in another way and
coming late. Why rely on it? Many people look at the actual price section and say, "The indicator
says X, Y and Z." In truth it says nothing, we project our interpretation or our view upon it. If you
feel the trade is good from the price action, you don't need a lagging indicator. ​
We don't trade the
markets, we trade our beliefs about the markets.
Like our beliefs, we like to feel that we get a nudge in the back that tells us it's okay to go ahead
once we have an inkling that a market may do a certain move in a certain timeframe. We trade
our beliefs about the markets, not the markets themselves. We have to learn how to become
aware of those beliefs and have a template for managing that. Here's an example on indicator,
this is an ongoing, up moving, underlaying. The sell only signals on an RSI and RSI is the most
popular of utilized technical analysis indicators.
Every time you break down through the black line, this is meant to represent your trigger for a sell,
that would in a sell at that point, that would be in sell at that point, that would be in a sell at that
point, that point, that point, that point, and that point. In short, you would have sold the whole
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way while it's heading up, utilizing the breakdowns on this RSI indicator. Indicators are
automatically set­up to indicate overbought and oversold conditions. If something is moving
strongly up it immediately moves into the top quartile as it does here, representing that that
particular in the market is overbought. But let me tell you, a market can stay overbought for an
extremely long time. Overbought relative to what?
It could have been oversold before and could be attempting a move back to previous highs. That
would have been shown as oversold all the way down and overbought all the way back up again.
Be careful, be wary, trading indicators and indicators as a standalone system. I question the true
value to you as a trader. ​
Eliminate 95% of your reliance on that and we will take you forward and
show you how you don't need them.​
We'll fill that gap with my holistic system that will look after
everything that you do need for trading, but do more research on the actual price chart indicators,
have you taking your eyes away from the actual price chart and looking on this computer
generated line below. There are few notable exceptions do make for indicators so I don't knock
everything.
Naturally, I’ll show you what they are and how to use them to identify high probability trade
opportunities.
Why Volume Is So Important To Your Trading Success
Volume is exceedingly useful. Although it’s non­directional, it does add immense amplitude to
any move that does occur. Volume based indicators such as OBV, (that's on balance volume) and
Mclellan volume and some other volume based indicators are useful. There's also breadth based
indicators that show you to what extent an indicator might be moving up. Is it the larger market
that is moving up with it or was it just a few shares that are hyper advancing in a specific sector?
That's an advance decline line. That's clearly, obviously useful as well in terms of markets and
anything that indicates volatility. I'll be discussing more about volatilities as we go further on, such
as the average true range of your candles, which if they're expanding, are obviously getting
heightened levels of volatility. Bollinger bands highlight the pinch and are a good learning tool for
beginners when trying to identify Hunt Volatility Funnels which provide the high probability
outcome trades.
The Calm Before The Storm
As far as I’m concerned, Bollinger Bands are the most useful indicator. VIX, which is volatility index
related and many more volume based indicators which are becoming far more popular as an
instrument and will highlight to extent the activity of the market. It is the tendency of how calm
the particular market you are looking at is, just prior to sudden, violent swing in either direction.
A much more important message is how well you manage your losses rather than your profits.
Learn to manage your losses and your profits. If you learn to take a quick loss, the minute it is
clear that your view is wrong, even if it means it may eventually be right, but you're a little bit
early with your timing and you get back and try again a little later, you will manage your losses far
better. If you manage your losses, the profits have a habit of looking after themselves.
The Man That Broke The Bank of England
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George Soros says, "I get it wrong just as often as the other guy, I just realise when I’m wrong
quicker"
In other words, he's claiming to not be a particularly better picker of a particular trade or direction
than anyone else. The difference he is saying in terms of his success relative to anybody else's is he
realizes quicker when he is wrong. Just by stemming the losses and taking them quickly and letting
the really good trades run is clearly a very powerful strategy and the difference between being (or
becoming) a billionaire and all those that fail.
How To Get Out With Cash In Your Pocket ­ Or Not As The Case May Be. Which One Would You
Prefer?
I have an issue with traditional technical analysis and trailing stop orders as your planned exit
strategy. I'm giving you an example here of the DAX:
I actually got an entry here, I plan to get an entry on this green line. However, there was a gap
open and I ended up getting filled at the high of that line. As it turned out, I did well with the
trade, although I didn't get the entry I wanted. The reason I did well is I had a target not a
‘stop­loss and exit strategy’. If you’d had a stop­loss, one of your stop­losses could have been
placed here as this market traded up, grinding its way marginally up, I would have been filled and
out over there with the loss, that red line over there. if I waited awhile and then chose a stop­loss
and you saw it then move quite strongly at 7:00 in the morning the next day and it was advancing,
I would have said, "Okay, that low could be my loss, I would have been up, up, up and away and
doing just groovy and great." I would then have been taken out on the pullback.
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Only marginally profitable if you take brokerage fees out if it. It's hardly a good use of my time
and barely profitable in the end. In fact I got out on target someway away up there with a far
better result. In other words, every time you exit on the trailing stop you are getting out at the low
part of the price range, usually on a substantial degree of pullback from the recent highs. For
example, on that move there and that is clearly giving you back almost all of the move in this case.
Had you got out at this level, 90% of your profits would be taken away. Markets have substantial
counter trends.
Trailing stop as planned exit is a big fail for me. It takes a long time for many to realize that.
Size Does Matter (But You Knew That Anyway, Right)
The next important point is position sizing.
Get it wrong and this is an absolute killer. Money management is quite often the biggest mistake
(perhaps it’s yours?). In brief, it’s about being far too aggressive with the size of your position.
What's actually happening here is I've drawn up a ladder (below), a drawdown and recovery
ladder. What I'm showing you here is if you go down on your account buy a single percent, the
growth required to return to where you were before is 1% and a small fraction of further
hundreds of a percent. That is far from critical.
Drawdown %
Growth required to recovery %
1.00%
1.01%
5.00%
5.26%
7.50%
8.11%
10.00%
11.11%
12.50%
14.29%
15.00%
17.65%
17.50%
21.21%
20.00%
25.00%
22.50%
29.03%
25.00%
33.33%
30.00%
42.86%
35.00%
53.85%
40.00%
66.67%
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45.00%
81.82%
50.00%
100.00%
60.00%
150.00%
75.00%
300.00%
90.00%
900.00%
95.00%
1900.00%
If you drop by 5%, you need five, just over five and a quarter. If you drop by 10%, you need
11.11%. If you drop 20% and you allow your equity drawdown to go down by 20%, to return to
where you were before, you now need a quarter, a full 25%. If you lose a third of your account
35%, you're in north of 42% plus degree of return, just to return your account to breakeven. That
is absolutely critical. And most people don't fully quantify and understand the utter
destructiveness of drawdown.
What do you think happens to your psychology if you allow a 35% hit to occur on your account
and you suddenly need 42% just to get back where you were? To earn 42%, people up their sizing
and take even bigger risk. What happens when you up your sizing, you're already oversized? If you
are losing 35%, you now up your sizing to be more aggressive to just get back to breakeven, this is
the psychology, these are your emotions and this is incredibly destructive. Try one 42% and you
will lose the rest of your account, the other 65% that was left from the 35%, very, very quickly.
The orange and red zones denote likelihood of recovery very, very low. I put your recovery
likelihood at my estimation, in other words the odds of getting back to your starting point
(breakeven) at 15%, the minute you allow your account to drawdown 35%. I put at 20% if you
drawdown a quarter. You simply should never allow drawdown to get out of hand. The ideal
drawdown maximums would be in this light green area, between 1% and 5%. The minute you
draw from even 7.5% and 10%, you're letting too much go on. Possibly being slightly aggressive
saying you've earn your half of recovering 10%, but if you’ve got to that you don't up your risk.
Recovery, Recovery, Where Art Thou Recovery?
Drawdown
Growth required to recovery
Recovery likelihood
1.00%
1.01%
95.00%
5.00%
5.26%
70.00%
7.50%
8.11%
60.00%
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10.00%
11.11%
50.00%
12.50%
14.29%
45.00%
15.00%
17.65%
40.00%
17.50%
21.21%
35.00%
20.00%
25.00%
30.00%
22.50%
29.03%
25.00%
25.00%
33.33%
20.00%
30.00%
42.86%
15.00%
35.00%
53.85%
12.50%
40.00%
66.67%
10.00%
45.00%
81.82%
8.00%
50.00%
100.00%
5.00%
60.00%
150.00%
3.00%
75.00%
300.00%
0.005%
90.00%
900.00%
0.001%
95.00%
1900.00%
0.000%
Here is from when you recover. If you have anything larger than 20%, I start to think that is highly
unlikely and I selected that and above. Bear this in mind, the drawdown and recovery ladder,
make sure your losses are taken small on individual trades, you could have a number in a row that
all go against you.
The other law that I tend to apply very, very strongly, which favours continuation is the fact that
trends largely persist. Don't try buying the low and selling the high. Typically people are overly
compelled by this old saying, essentially buy the high and sell even higher or sell the low and sell
even lower. It’s a fantasy.
It will prove exceptionally difficult to repeat with any regularity, picking bottoms and selling tops.
Forget about it. Go about intelligent strategy. Accept that the market may continue to move up
once you're up, providing you've got a very good risk reward out of the trade, you can take pride
in it and sell into strength. Accept that the market may continue going down when you've closed
the short trade.
You will, by law of averages, occasionally get the bottom or the top, but don't actively set out to
do so. Trade the continuation not the counter trend. This is the major problem with indicators….
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they try to get you into trading the counter trend. They say it's overbought or oversold. Be wary of
the tendencies and compulsions that lots of indicators prompt in you. If something is overbought,
they try get you to sell it short. It may be overbought for a sustained period.
Guess what, I used to find, feel, exceptionally unlucky when trading counter trend in trying to pick
the tops and trading with indicators, trying to sell these overbought equities. It just seemed that
the market didn't like me and that I was always getting small little moves in my favour and then
bang! Back against me.
The minute I got more prone to trading continuation, I suddenly felt my luck was changing slightly.
You can decide if you want to swim upstream or downstream, I'll leave it to you. In the end I'll
certainly find it far more profitable to swim downstream with the river.
The second law and I've highlighted the “PRE” in PREparation, is that the work gets done ​
before
the trade.
It's imperative that the work gets done before the trade. The better and more detailed the plan,
the better the trader. That is why I capitalized it.
I want you to understand, you must do all your thinking before while mentally neutral, not while
in trade and having to make decisions on the hop. This is when a reasonable effort can be made at
neutrality. After entry, any decisions you make at that point, you lack the impartiality and you are
loaded with emotions, especially if you have the PNL and trade sizing and money lost and made
flashing in front of you, green numbers, red numbers, all sorts of emotions of fear and greed begin
to take over.
In other words, beforehand you should have done multi timeframe analysis. I talk about the law of
three, which is three time­frames joined together, that's why the three. You look at the macro
trend assessment, which is the general flow of this river, up or down? Get with the macro trend.
Wait for your base timeframe and the setup that you're looking for. What is your setup, what are
your reasons for the time on your primary timeframe?
Move with the macro trend, choose a setup that will be triggering in it, an event in the direction of
your macro trend. Both are green lights for longs. Then go down to your micro timeframe for
timing and ensure that the short time­frame is also giving you a green light, if you're looking to go
long or all three are red if you're looking to go short. Get the alignment of all the timeframes
together. We talk about the relationship between these extensively on my program and course, so
the law of three. ​
(Details HERE)
People suffer from time­frame analysis confusion, they don't understand which direction the
market is….are you dropping different timeframes to have a look at it? How do you control and
correlate? Do you have an organized structure for managing the larger trend, the base timeframe
and the micro timeframe? Yes, you should have and your success will improve substantially by
applying this alone. The other element is key levels of significance, support, resistance, Fibonacci
levels, round numbers and all the key levels. Some of which go through the price action and the
price action pivots around.
This is the big unspoken key aspect that is unique to Hunt Volatility Theory, hence the phrase “key
levels of significance (KLOS)”. It goes beyond just support and resistance, the traditionally
well­known element of horizontal levels in technical analysis. I'll show you how you can spot these
other slightly more difficult to see levels for which the price action is reacting to, both above and
below. This is a major, major revolution for your trading and will take you forward immensely just
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grasping these two concepts. Other elements that we'll go into, all that you need to do for trade
preparation in advance of placing any orders is obviously you're directional assessment, that's the
key. Where are we going? Is it long or short?
That's what we will do in your macro timeframe and then ensure that your base setup is tying that
in. We want that trigger entry level. It wants to be a pending order. You are waiting for the key
event, for the market to tell you when you should be trading, not just activating an order, because
you happen to want to be in the game. We let the market take us in. Let the market confirm that
what you're doing is right. That is a very key element.
Before we even allow that order, that pending order to be placed, we have to though, have
decided where the market has changed its mind…..are new forces entering the supply and
demand equation that overwhelm the original reason for the trade that took you in? At what
point is that force deemed so strong that it has nullified your trade settings? In other words, we
have to ascertain our loss stop levels. Also geometrically we use methodologies for attaching and
attaining a set target level. You have to have a point where you say, "I'm happy with this level of
return." Greed keeps you in the market, pain will take you out.
In other words, if you don't have an agreed contract in your mind as to what point you say this is a
great return and a good result and the market might stall for some period after this and I am
seeking to engage and I'm going to get mentally neutral again and plan my next trade. Mentally
neutral is the most powerful point you can be in as a trader. In other words the position of not
having a position. Remember the market makers, they may have information on you, they may
have lots more technology, but they always have to be in the market, always expressing a
particular view.
One of our key benefits as a trader is that we get to decide the terms under which we engage with
the market, so have that plan target level and then be ready to be standing back. You get your
trade sizing totally in line with your trading constitution. We actually draw up a trading
constitution, this is how we behave, this is how we are and we live up to that constitution. You
have to have written it down and be committed to it. Otherwise, you do what you want as your
whims take you.
If you've had a lot of coffee that day and you're a little bit over tired, hey you'll be aggressive and
you'll do damage. Risk reward ratio is clearly, utterly relevant and by determining a target in
advance, we can do a whole bunch of genuine value based assessment of the trade idea. Is the
juice worth the squeeze? How much are we risking? How much will we get?
That trade attractiveness also allows us to assess what is the likelihood of the trade coming off
and closing for profit?. If you have a trade with a 10 to 1 risk reward, but you think it's one in four
to make it, even though the odds of success are quite low, the risk reward makes the trade an
absolute gimme every time. In other words, you should take it on the basis that even if you're only
correct one in four times, the reward will more than compensate you for the marginality of the
probability. However, if a trade is 50­50 and you're only getting 0.75 for every one that you're
putting on, you will slowly whittle your way down to the poor house. We have to have an
understanding of trade attractiveness with respect to its probability assessment for success.
If you have all these, you're suddenly now putting yourself on the other side of the equation. No
longer are you allowing the lowest common denominator like the bulk of traders to be that, which
determines your trading decisions. In other words, “it's been emotional” (I love Vinnie Jones). You
are now having a structure and template. You will then potentially be setting yourself up for the
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top quartile of the 9% or the 13%. YOU actually make the money. This is a massive, massive
change in the game.
Your whole nature, the whole way you enjoy your trading, your degree of emotional control, the
person you all have become when you get to this point will be completely different to that, which
you recognize today. It can be done in exceedingly short time. But it's not necessarily all that easy
and hard change takes effort, but we'll come back to that.
Here's an example, gold, macro timeframe. Now, I'm a long run gold bull, let me tell you, but I've
traded gold long as you saw, right away through the 1300 level all the way down from 1000.
Expecting to see it all­time highs and I've also been trading it short.
This was down trend, clearly as you can see from the two orange lines and then we had a
capitulation down. We had this price action coming now. You, if you are learning the mechanism
by which I trade, will quickly realize that we will come to recognize these setups. Going back to
that chart, this was your macro timeframe and we assess these as a bear trend. Quite
understandably, so that trend is down. Then we have a look at our base timeframe. I'm
introducing to you the quick example of the law of three using the three timeframes.
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This is now at H4, so we were on the daily chart on the trend analysis. We're looking at the four
hourly now. You can see the key pivot levels pinned. I'm modeling my primary setup, the Hunt
Volatility Funnel. You'll see more about that later right here. In other words my stop is going to be
sitting on the other side of this green line and my entry short will be xxxxx and there's a target
right off the chart. That is the base timeframe, my key pattern. Then I drop down a chart, right
down to the shorter timeframe and look at that final H3 and that L3.
You'll notice there's an element of volatility. Our pattern previously was swinging quite wildly up
and down really hard. Back up, down hard, grinding up, down fairly hard but not as far and then
there's weak sideways action. You can sense that the volatility is shaking out. We now have to
zone in and concentrate on the key trigger levels. That was the high three and the low three of
that bigger pattern on the four hourly.
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We're now down on the one hourly chart. In fact what I'm showing you is two things. Apart from
looking at our trigger timeframe and getting a good understanding that we want to enter short
here and have our stop there. We've actually realized we've got a pattern within a pattern. There
is in fact a little low one, high one, low two, high two, low three, and a high three right over there
and we've gone totally quiet. Look at the little candles. These are called spinning tops. This is a
complete volatility iron out. We've gone totally quiet, compared to these bigger candles over here,
which are in their own right, quite small compared to these massive candles here.
We're comparing those to these. You can see what's actually happening in the market…..it’s
almost going quite bored, it's going to sleep in around this key level. What of course does this
allow us to do? This actually is a primary pattern and there's a “pig­out” technique that I will teach
you on my program and I'm introducing to you today in this e­book. You will put your stops on
that side and you will see a seller there. In actual effect you will have a tighter funnel, this green
line to that red line as oppose to the dotted red to the dotted green. This is about a fifth of that.
If you get your funnel a fifth tighter, what does that allow you in terms of position sizing?
Remember each trade is allowed to take the same loss. While you think about that, you should
realize that in fact if you're allowed to lose a thousand pounds, you would have an £100,000
account, let's say with 1% drawdown on any one given trade idea? You could in fact be five times
bigger on this trade for the same £1000 pound loss if the distance is one­fifth thereof, in which
case you would have been triggered short over here with us and we took this trade. This is actually
traded bias.
You would also have had some of your funds on the bigger trade pattern. You don't have to be all
in on the primer or all in the major pattern, you can have a partial allocation of your £1000 pound
loss, say £750 or £500 and £500 over here. You would have been triggered short initially there and
you would have been triggered short again there. We had a small bear flagging grind along and
further capitulation. This trade I will revisit for you, but this is the first introduction of primer, how
we use sub­patterns within patterns.
Just about every major breakout that I trade has on a smaller timeframe, providing you're looking
for it (the market loves you and it does actually want to give you gifts). The problem is, we don't
pay attention. Everybody thinks the market hates them and wants to hurt them. We don't put in
the work, it's giving you the information and talking to you. Don’t go looking for it. It's setting you
up for an unbelievable risk reward trade. The primary risk reward trade was 4.1 and in fact if you
got a first tighter entry you turn this into well north of 20 to 1 which you would trade and it's
performed all the way to target.
In this chart below, I'm just showing you the differential between the gap, the tightness of entry to
stop, which allows you to trade far larger as opposed to the bigger pattern. In terms of dollars
there was 94 to 65, call it $30. Over here you're at 87 to 80 roughly $7. Powerful stuff this. If you
understand the mathematics of trading you will realize it. What else about this goal breakdown
while we're at it?
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Not only does the strategy help you with set­ups, pigging out with patterns within patterns, an
incredible technique, but it also tells you at what point the key levels you are likely to lose a bit of
progress on your down­side break. Look at this beautiful chart:
1,375 all the way down to 1292. You are laughing, you have the better part of 75 plus another $8.
You have the better part of $83 in the bank already. But then what happens? It bounces, bounces,
you stall, days go by.
This was 20th of June, in fact, and here you go. We didn't resume breaking until back here on the
25th of June. Five days, five trading days, that's enough to make people anxious and have them
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get out of the market. Why? Because you're an emotional being, you panic, you kill good trades.
We all do.
The HVF strategy, however, with the interim target tells you there was an expectation that this
underlying will have ​
progress decays,​
how I refer to it. In other words, time elapses and no real
new progress occurs, which can imply a pull back up if you're short, which means giving back some
of your profits or flat lining, or in this amazing case, a further set­up within a set­up with the
volatility squeeze. Look at that little squeeze in there ­ beautiful little spinning top. What do we
do? We go again. You can trade within the trade on shorter timeframes.
Once you have the macro trade on and you have your primer trade on, you're in a great position,
the 20 to 1 that perform, that did the better part of $165 move. Even on shorter timeframes, now
that you're in profits and you have new equity, you can actually trade the shorter patterns.
Getting short, there again on this dotted line, with a stop there, with a target down there. You can
close the bulk of that position and even let some of it roll and add it to your new larger position on
the macro trade. How can you do that? Because your account equity has grown, all within the
principle of money management, I will show you how we do this.
In the end, that was the final result, the 1213 target was made. We actually traded through the
1,200 level. The line of efficiency is the line from entry. This is not on our prime entry, this is just
on the basic pattern. Now that I've drawn this, the line of entry all the way down to when the
target was made. Look how steep that line is. If your trailing stops, trailing stops … well have
getting you out somewhere over here, and here in a much flatter line.
Why To Trade The Breakout Strategy. Big Moves, Short Period Of Time​
.
The clearest idea of a good breakout strategy is fast, quickly taken profits. In other words, big
moves in your favour in a short time. The benefit of this is you're in the market for this time period
and you've gained a substantial return. Short from 1364 down to 1213. Wow, better part of $150.
Of course if you got in at the 80 on the primer as we did with part of our position, you would be in
from 80 down to 1213, $160 with a stop, barely $7 away. That is proper trading.
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How many times have you landed a trade with a risk reward like that? Well? Ask yourself that
question. If I can do it, it’s perfectly possible for you to do it too. The system allows it. The Hunt
Volatility Theory teaches it. We can show you about the law of market geometry. Pay attention,
for every action there's an equal and opposite reaction. Remember the same participants are
usually in the market every day, the big players determine the market size and they are usually
using the same amount of leverage.
When they go overboard and they overbuy, that's usually the scale to which they will overreact to
the downside. They have to get out of those same leveraged positions to the downside. There is a
natural geometry that is created by charts. Also patterns and waves. If I shout fire in the cinemas
and there's the larger belief that I'm right, everybody does the same thing. Yes, we are all
individuals. Yes, we all have different personalities. But given certain circumstances we all hit the
exits in the same way for fear of feeling the same pain.
That is what happens in trading. Patterns and waves work. We look at all sorts of other
traditional, technical analysis elements and we don't disregard them, we make use of them and
they give us lots of useful information and this is the basis of one which double tops, heads and
shoulders, triangles, flags and all these others are based. I want to talk about the case for
breakouts. In other words I'm going to move you towards my great learning which is this: It’s one
of the best ways to trade. It’s the way that will take you from being one of the traders that feeds
the top 9%. I can't think of a better way. First of all, it's fast moving and self­confirming. The
market must take you in.
In other words there must become imbalance in the supply and demand, whether it be for a
news­based reason or for some reason as yet undisclosed to you. But if it's deemed that the
previous price behaviour is in relevance to a level and it is overcome, then there is a great
opportunity for a trade. You move quickly into profit. This is comfortable. This is emotionally
comfortable. When you get a green number not a red one in front of your face. You feel better.
You're less prone to be jumpy and fearful when making difficult decisions.
You're more likely to let it run high rewards for tight risks. You’ll get big rewards. Note how I say in
the volatility situation as for the goal charts, the volatility slowly ebbs away with each swing
getting slightly less, slightly less. But when it returns it spills. In other words volatility bursts back
onto the scene after going quiet. That leads to big moves and high rewards.
Trade goes against you? Losses are identified and taken quickly. You don't sit there and have
weeping wounds, itching and scratching and bleeding you away. In other words if we are wrong
and the market idea has failed, it is closed quickly, there's a value to that. Remember you will
always have losses, even the best traders have losses. Forget the fantasies. One of the great
quotes from Jesse Livermore in the book by Edwin Lefevre on the Reminisces of a Stock Operator
(which is recommended reading by many traders and trading schools, including myself) is,
"Experience has proved to me that real money made in speculating has been in commitments in a
stock or commodity showing a profit right from the start." ­ It is my mistake that Jesse Livermore,
for that reason alone, was a breakout trader ­ as you are about to become.
In other words, rarely is it that you have a great trade that draws you down and starts hurting you
from the beginning and then later turns around and becomes a home run. It is typical that when
you’re right you're catching the timing, the market is taking you in and it's running you into gains,
almost from the outset. Trust me, that's emotionally comfortable. Trust me, it's more likely you’ll
stay with it. That is my personal experience. I found it as the greatest standout piece of wisdom on
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actual trading success and early indications of whether our trade is a good trade ­ this single point.
I wish everyone could understand this to the degree that I believe in this point.
In the case for breakouts, obviously this is the most compliant. I actually believe that Mr.
Livermore himself had made himself a millionaire a number of times over after getting back his
stake once or twice. I personally believe he was a breakout trader of sorts. Remember the case for
breakouts also indicates and can proceed potentially bigger moves. It gets you looking at the right
markets and ones that are possibly going to persist for a long time in trend. While you may not
stay with the entire trend, with HVT, you take the break and take the target. Often new
opportunities are presented, again, in the same underlying market, in the same direction. In other
words trend is persisting, you can catch the capitulation points or the fast moving melt up points
consistently, by using breakout strategies.
The top of trading where volume is obviously very indicative, so it's the nature of the trading that
gives you additional tools that add value. Volume can ​
precede ​
in many instances, key moves. We
can start to use one of the genuine value indicators in volume. It’s a set of data, it's not price
crunched in a mass formula, it is a separate set of data. This can add immense value as well.
Volume often can be the canary in the gold mine. Giving you a little clue in advance as opposed to
lagging.
Directionally, well the key thing is you can have a high probability of getting the directions right
when you trade breakouts. Because you have understanding for what the macro trend is, you
have understanding for the trade set­up, which is continuation, which means on balance or
probabilities. The likelihood is when it moves, it moves in the direction as a continuation pattern
of the previous trend. We get more of our direction course right. That doesn't mean you get 100%
right, it means you get a high percentage right.
Getting The News Before The News
Often, the breakout is supported by fundamental news. Often you don't know that news, you get
to trade it and find it out later. You get to move with the insiders and the big money. Often, by
the time it's well exposed and documented, the key part of the move has already occurred and
that's usually when the smart money is taking some of its profits and invariably it uses the power
of patterns.
The Gift That Is Volatility
The other element that I've touched on a few times and I've given you a hint at is the absolute gift
of volatility. So underappreciated by technical analysis, traditional technical analysis, unless you're
talking to option traders, you just don't get to hear of people talking about the value of volatility in
trading.
Hopelessly underappreciated while indicators grab headlines and there's hundreds and thousands
of them now and everyone worthy is generating five or six and naming them after himself. The
truth of the matter is, this one is the big elephant in the room that everybody walks right pass. It
reoccurs as every fresh big move takes foot. It's basically its DNA. Right there, on the chart,
before your very eyes. As I've said already (but good to re­emphasise), it dissipates slowly so you
can watch it happening until all goes very, very quiet. Without exception you know when volatility
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dissipates to the extent where it has almost entirely disappeared, it is invariably about to return
and it returns with a bang that gives you a massive move. If you're on the right position you get
taken into the market, very, very strong entry taken to profit. You allowed also the option of
getting an exceptionally tight stop, because the market is at its most docile.
Tight, But Not So Tight That It Suffocates You
Stops kill good trades. Let me tell you, most traders’ stops are too tight. Why? Because the market
conditions did not justify the tightness of the stops There is too big a range of movement and
stops are too tight. There is only one point when you can get away with that and that's when the
volatility is totally gone out of the market and then can you get very tight. Providing you’re on the
right direction, which as I've said in probability, if you know your setup in the macro trend you can
position yourself for, you can get exceptionally tight.
The key value of this is the financial mathematics of trading and risk reward. The tighter the stop
with the same reward the better the risk reward. The more times you can afford to be wrong the
far bigger the returns you make, because of position sizing being able to be bigger for the same
size of loss. If you can justifiably have a strong well supported stop, that is quite close to entry,
you're in a powerful position, especially if volatility is returning. Why? You’re going into an
explosive move. Why do you want to trade under any other circumstances?
Options To Consider
If you do happen to be an advanced trader and involved with options, in the money value of a
volatility, a high volatile move. Apart from your option getting intrinsic value with the value of the
option going up as you go from at the money to in the money that increase of volatility also,
enhances the value of the option immensely. This is a very, very, key point and it will help those of
a slightly more advanced position.
This is an example, GBPCAD, this is the HVF at work.
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Can you see the explosion in the volatility? Can you first see the quiet candles getting quieter and
quieter, the spinning tops, this little range? Really, really, tight…….then BANG, the explosiveness
that runs a key level, the market took me in……..the market took me in (worth saying again!).
I didn't have to be there, the market took me in. This is what we call an impulsive break. All our
entries have impulsive move in their favour. That means you get taken quickly into profit. The
market is moving with conviction. There is imbalance in the supply and demand.
God's chosen set up for all traders? You trade. It's a big statement. Trade with the prevailing trend,
improved probability, trade with the trend, swim to the sea with the river, rather than against it.
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Let's look at the GBPCAD in the daily.
What was the trend? Upside. The macro timeframe is upside and more recently even steeper so.
We had a recent high, that's of course being a resistance point, that was resisted. Now we have
pop above it and we are sitting on it. This is classic basic technical analysis of support and
resistance.
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Previous resistance, we have brought in sellers, once broken with momentum, see this bias come
in and pulverize it in the opposite direction as support. Resistance turns support. This was holding
this entire setup while it took its breath, following a big move up, captured its breath for further
upside. The macro trend was up, you saw the base pattern over here. Let's have a look at what
else I've got to show you. Here's the other, the gold trade again.
Once again, the macro trend is down. That was a case of the macro trends, trading with the
trends.
What else can we do about God's chosen setup for traders? Such a big statement. Tight stops, I've
just touched on that. Be in a position where you have low risk and high potential return.
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In other words we must capture low volatility environment. This was a low volatility environment.
These candles went really quiet. They went even quieter still later on, on the chart. Let's see how
it applied in gold.
See how it was getting tighter and tighter in this rising waves then a little spill over and an even
smaller rising waves, tighter and tighter and tighter.
Look at these little candles again, tighter and tighter. The tighter stops. I've shown you the trend,
the green line. I'm now showing you the tighter stops, how it works. We're getting both these
forces working in our favour. A third force, the pattern based predictability and target generation.
Okay, we're getting a lot of ducks lining up in a row for us here.
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We are getting a pattern that is a high probability occurring. We are making use of the trend, we
are making use of the tight stops, plus we're getting a pattern. Telling us, on balance we should be
going up and this is where we're going to go down, go all the way to in terms of our target. Up top
here you can see my orders, my bio orders, second chance entry. I'll talk to you about the five
stages in any given breakout. Big wind­up to break out, small bit of exhaustion after this first
interim level made.
We expected it to give back, it gives back. Beautiful hammer, fills you again, new trades taken,
even cheaper at a lower level and we're waiting for long, we're wanting you to go back up and it is
obliging us. How did I know that? I didn't. I'm applying the template. I'm applying the template,
target, probabilities. Whatever we got next?
There's other forces in our favour, the purple arrow. What else is this telling us? Volatility's
explosive return, ride the supply and demand imbalance and that's what happened. Perfect
example here in the gold. Absolute smash down. Absolute smash down. A [inaudible 00:53:06]
being offered and the bios on there to hold it up, smash down. Look at that sell, absolute volatility,
spill over, quick move, in your favour, giving you tons of profit, very, very quickly.
First interim run, bash, straight down to the second interim, small amount of, buying coming in.
What else have we got? What's this yellow line about? Number five, specialization. Be anchored
by experience in a specific strategy. Learn at a very deep level how to do one thing exceptionally
well Remember Bruce Lee, “I don’t fear a man that has learned 10,000 kicks. I fear a man that has
learned one kick 10,000 times”.
“I don’t fear a man that has learned 10,000 kicks. I fear a man that has learned 1 kick and
practiced it 10,000 times”. Bruce Lee
Don't be a generalist that has a little play and has a basic idea on certain aspects. Do one thing
exceptionally well. I'm talking about the five stages of a breakout, second chance, advance
strategies, primer patterns. We are doing one thing at an exceptionally acute and high level of
understanding and getting all the tools in our favour, getting them all in our favour, high risk
reward. Look at the line of efficiency. There's our entry, all the way up.
Our line of efficiency is actually quicker and the chart went up, because we saw that the relative
high, yes, it went higher. We don't care, we got our return. Look at that return, four times. Four
times and that's without using the secret that I'm going to show you in there that there was a
primer pattern in it, but we'll come back to that. Four times on the base pattern, from there to
there. This was taken and closed. You can see the orders are shut now on those charts.
This was taken and closed on the number of my platforms and accounts. That is high probability.
What a great gift. Look at this, this trade was taken and closed. Look at that line of efficiency, look
at that on balance volume, showing you that it was drifting down. In other words there was
greater selling on the volume, greater volume on the selling. Look at that. A dip lower there and
that coincides with the break.
Look at the volume spikes, falling away, falling away. Then at this point progress decay. We don't
care, we were already out. In a shorter time­frame we got an excellent return. Later on, we would
have got less reward and we would have been stuck in the trade for longer. How do we know
when to get out? The target. The geometry of the target is the best and it is tied to price action.
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Profitable, consistent and emotionally comfortable trading. That is what this is all about.
Geometry and pattern based targets. Interim levels. You saw how the interim levels have worked
for us, you saw how they work here, look at this bounce and the store for a sustained period at
the interim level. Isn't that interesting and it's emotionally comfortable. If you have to watch the
market move against you for a short round, take back some of the profits. Isn't it nice to know that
was expected and is part of the plan and patience will eventually see it reassert itself to the
downside in the gold's case in the original trends direction? ​
Because it is doing exactly what you
expected to do.
Therefore you are slightly more emotionally comfortable. We're giving some of the profit back.
But we expect it. Great, and that's the value of the interim levels and you’re emotionally
comfortable. Plus you're a specialist. You're used to this now.
What else happened? I'm going to show you now that in that GBPCAD there actually was a primer
set up.
There was a primer set up, there was high one or low one, or high two or low two. But then we
were getting these key levels of tightening. I'm trying to show you the volatility squeeze here. That
was the primer, just right down to a 15 minute and what was a four hourly right down to a 15
minute. There was a high one, low one, high two, low two, high three and low three.
Actually you could have got long at this level instead of that level and had your stop over there.
That looks about one­sixth or one­seventh and I missed this particular primer. This looks about
one­sixth or one­seventh. What was essentially a four to one trade could have been a 28 to one
trade. Safety, I could have played it. Safe, look there's not a big distance here, you could have
gone for the round number, the entry at 6,325 on the take out there and put your stop the other
side of 63 all around zero.
How Many RRR 12:1 Trades are you getting? And would you like some more?
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It would have still been three to four times better off than the one is to four. Three times is a 12 to
one trade. How many 12 to one trades are you landing? ​
I could help you get a whole bunch more​
.
Pick out strategies, multiply your way to gains instead of adding your way. How many people are
taking 50­50 trades with one is to one, where we are getting one is to eight plus type returns.
Incrementally adding small amounts and giving back most of it and trying to go forward, million
meters at a time and then having to give back couple of centimeters. There are opportunities
where you can be right.
When You Are Right, Be Very Right
Miller said, you had a pig on this table. “when you are right, be very right." Pig out. But how do
you do that? With respect to money management and without ever risking taking an outsized
loss…….I have an answer for that.
You've seen some of the reasons how……..that is using patterns within patterns, my primer
pattern within the larger pattern. Also other techniques, advanced techniques, multiple entries,
early entries, how we pledge profit from an early entry and roll it into the primary just in time
entry. So much to carry here, but only so much time in this ebook. Lots to show you, lots to teach
you. These are the advanced strategies and the primer was one of them which I have shown you
in the previous slide.
I’m going to give you an example, a little bit of maths now…..
…..If you had taken that gold trade and you’d done 50% of your potential stake you’re allowed to
lose, so I've said, let's say you work 2.5%, you can lose on £100,000 account. I'm not saying that’s a
good percentage, it's little, too little or too large. I'm just using a basic example, the potential loss
would be £2,500. Obviously if you had £10,000 account that would be £250. You can scale
accordingly. If you put 50% of your allowable loss on the primary pattern and you'd put 50% of
your allowable loss on the sub primer pattern, in other words, if I go back here, this one, so you
would have to stop­loss there and an entry there.
On the other one, you would know the stop­loss up top here and an entry down there. I hope
you're following this…..need your concentration a wee bit. What would have happened? You
would have gone short at 1,365. You would have had your stop­loss at 1,394 and your target
would have been 1,214. Your profit pips would have been 1,510. If you use this primer pattern you
would have gone short at 1380. You would have had your stop­loss at 87, just $7.2 away and you
would have the same target.
Because the smaller pattern does just enough to trigger the bigger pattern. Note how the target
here on the smaller pattern triggers the larger one. Hence, we don't close on this target because
we're not into a breakout on the bigger timeframe. We roll it onto the target of the bigger pattern.
Important point I never made…….Total profits here is 1,660, it's clearly more ­ an improvement of
almost 10%. But the key thing is we got tighter, we can't trade bigger size.
Risk per pips is 299. If I'm losing 1,250, I can only trade £4.18 per point. Risk pips here is $7.20, 75
pips. I can trade $17 to lose 1,250. I am 315% bigger on the smaller patterns entry than the other
one. By being 315% bigger, in other words, four does to 17, I get to make a much bigger return
when it made target, yes indeed, it made target, it made 1214 all the way. In fact it had a wind up
pattern and we were able to get out of 1211, it gave us an extra $3. I'm not included there.
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The total return on the smaller trade, I say smaller trade on the big pattern with smaller size was
£6,000. Not bad, hey it's 6%. We're 2.5% on risk, and actual in fact you've only had, 1.25 of risk.
But look at this primer, what it's dropping onto, bottom line, advanced strategies. You've got to
look into this, guys, 28,000. 28,000 into 6,000, 35,000 total trade. If you aggregate that for your
2,500 loss, you actually have a 14 is to one, total risk reward for that trade. When did you last land
a 14 to 1 trade? Just to be clear, what I’m saying is……for every £1 you risked, you could have
made £14 back in reward.
I can help you do it and more. Just as an aside on this, while we're looking at mass and I've got you
in mass mode. I'll run through this quickly, all the entry levels are exactly the same. But what if you
can re­balance this? What if you took the view that you just wanted to trade your primary pattern
to make enough money to cover you if you are going to be wrong on your smaller pattern. In
other words, the smaller pattern might fail.
Let's say it bounced through the stop but then eventually did break on the bigger pattern and go
all the way to target. You don't want to lose, you don't want it all on the primer, so you want to
put a little on the big pattern with the further away stop, because it is still the higher risk if you
haven't tried to stop. I'm not going to tell you, there's not a higher risk without both performed
here and one gave you a much larger reward, but there is marginally a high risk.
If your sub primer fail, you want to still be breakeven or even a little bit up on your bigger pattern
if the bigger pattern performs. What do we do? The winnings here have to be bigger than what
you risk on the primer patterns. If this one lands you get 2,093 and you offer 2,085 of your
allowable loss on your primer trade. That changes the dynamics quite a bit. You put 2,085 on your
primer trade and you allow 450 loss on here.
That only allows you £1.39 on the big pattern, but never mind it's still a great risk reward. At £1.39
you still win 2,093, £2,093 total return. That will cover you if you lose here, because you will lose
2,085, you'll end up £5 or £6, in fact you'll end up £8.58 to the good, so you won't be down. You
won't be rich but you'll be £8 to the good. However, it allows you to use the bulk of your loss and
the bulk of your size on the key maximize of this particular trade.
72 pips, so you get to be 28 pips, 96. Remember last time there was in and around, let's check it
last time, 17. Now you're quite a bit bigger, you're now 1,900% bigger than on the other pattern
size. Yet you will only lose money, your 2,500 if both of them fail and that is your manage loss of
2.5%, which is recoverable. What was the type of return? 48,000 made on the sub primer, 2,000
here.
Let's get this straight, the total average return, 2.5 to 50, is obviously 20 times. But the bulk of it is
made on your primer, you made 50,000 that could have got you a 50% change in the equity on
your account. By the way this performed and this was traded. This trade performed and was
made, 50% on your account equity. That is super big. I've done the same thing for the GBPCAD, I'm
going to run through it quickly because you're probably losing your eyes with all this mathematics.
The GBPCAD, it had its primer as well, I showed it to you here on the chart.
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Here we go, let’s show it to you one more time, save you finding the page again you can see the
charts again. There it is. This one I missed. This one I missed and I didn't trade. I saw it
retrospectively because I was late to the trade. I can't claim it, I'm afraid. But it demonstrates the
validity of the trade structure and execution, that of Hunt Volatility Theory.
But let's do the maths on the list. Here we are. If you’d done the same, the maximum amount on
the primer pattern and just covering your loss. In other words, this will pay 1,934, if it was
successful. That will cover the 1,925 if the sub primer was not successful. Both were successful,
both ran to target. With the 2.5% on your 100,000, you would lose 575 on your primer pattern,
your larger pattern and 1,925 on your smallest sub primer pattern.
What was the total return? You get to trade huge on this one, because you got it so tight, 11 pips
stop. Guess what, that 11 pip stood. Had you traded that 175 to the good, you would have made
£60,000. £6.53 on your primer pattern, just to cover the possible loss on your primer, so that you
breakeven essentially with the couple of pound in your pocket, buy you one beer and the war
story down at the pub and actual effect it would have been 62,309 to the good, 62,309 to the
good. That's 62% change in your account equity for risking 2,500.
Yes, you saw it. That's how you pig out. Guess what, we never broke our rules, we would never
have lost more than 2.5. If both these failed, the total loss is 575 plus 1,925, bang, 2.5%,
recoverable loss. Yes, indeed. Okay, so this is what I want to say to you, I've got a number of
extremely powerful keys to the kingdom that I've given you here, but this is a flyby. The truth is
change is difficult, you need application, you need to truly grasp these concepts.
Think about your ideal loss trading environment. Think about the last time you had a major
outsized loss. We will kill the beast that is outsize loss. You can be in a beautiful bay window at
your home, home trading in three years' time. If you truly take on board the lessons that are in
this e­book…….the patience of waiting for and taking only your specialist entry, that will give you
high multiples of that risk.
That Is The Key To Being Successful In Trading. No More Boredom, Give It All Back Trades
Most traders sit in there, thinking trading…..feeling the pressure of compulsion. Feeling as though
you have to be in the market, so you have a goal. I want to make x pips today or x amount of
money. The market doesn’t care. Trades that are snatched mean you give back all that hard work
on a well­planned earlier trade. These things are appearing up in between the good ones, because
it doesn't feel like trading to do nothing.
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How To Become One Of The 9%ers
We'll have a strategy and a template that will take that tendency away. A system that has to be
applied before each trade, criteria that needs to be met. In other words, you'll learn all that, you'll
also learn the key to picking out strategies. Some of which I haven't given you in any detail, like
the advanced entries. Of course the five stages to any breakout. May I have your template for
where any given traders at as certain point so that you know exactly where you are and what's
coming.
Guess what, it's just too much. But I'll give you a quick run through the five stages. I'll apply it for
the gold.
Stage 1: The Feign & Break
First is the feign and break stage. Here you can see it, we drip, we have our first run, it tests the
level, breaks through it, it's a sensitive level, almost like an electric fence and has a wee little pop
above it.
Stage 2: The Second Chance Stage
That thing takes you into second stage, the light green stage, second chance. You could grab
second chance shorts here if you miss the trade at the beginning.
This system, even allows you to get in and make money on high risk reward trades, even if you
miss the initial break. Why? Because of five stages of a breakout and the fact that there's a second
chance. You get a second chance. People think the markets hate them. They're trying to give you
gifts, they give you a second chance to get it. What comes next?
Stage 3: The Capitulation Stage
The third stage ­ capitulation stage. This is the best part. This is the bit where the market runs and
you just make profit. Total imbalance in supply and demand, sell, sell, sell, sell, sell, sell, sell. No
bias to be found, capitulation, big, big moves. You're moving from 1,365, you are right up almost
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How To Become One Of The 9%ers
back up to 1,379 over here and next thing when you wake up and in a couple of hours you are
right down at 1,273. Boom, profit straight away in your bag.
Stage 4: Weak Buying Overcome
Fourth Stage, weak buying overcome. Key at this interim level. See how this ties in. Weak buying
overcome. Some buyer showing them. Some people saying, "Surely, it's going too far. Let's get in."
No, sorry trend is still your friend, there is still a capitulation on, the target it is, it has to be made.
Capitulation, capitulation, bang.
Stage 5: Counter­Attack & Progress Decay
Fifth stage – the counterattack and progress decay. No problem, you're out on the strength and
one of the strong sell of bars buying back into a selling frenzy. Money’s made, cash is in the bank
and you’re relaxing after having enjoyed the process. It’s closed and the likelihood is you weren’t
even watching the trade.
Then eventually the counter attack once the target is made and you get a bit of a pullback, even
though the trend was down, there would possibly be further forces down and we did trade it a bit
lower again.
But by this time, you don't need to be in. You take your high efficiency trade straight down there,
five stages of the breakout. Just giving you a crash course in that, so much here today, so much …
Positive Slippage
I get positive slippage. Everyone else I know gets negative slippage. I get positive slippage. Why?
Because I'm buying what everyone else is selling. If it gaps, I get out even higher than I plan and
thought. I get bonus profit. Have you even heard of someone getting a bonus profit? Why? When
all my targets are in, and when the price gets through my targets, I get given gifts.
Why?
It's the nature of my trading template. People who are selling what everyone else is selling, they
get slippage….they think their broker is a cheat. They blame everybody else and think everybody
is cheating them. Perhaps you’ve even felt that way yourself?
I don't know so much, maybe you need to think about the strategy. So those are your five stages
of a breakout. Just giving you a crash course in that. There’s only so much I can get through in an
e­book.
Offer To take You Forward
Making deep­seated and lasting change to your trading is hard. Unquestionably, it is. That’s why
so many people fail at learning to trade consistently and profitably. And there’s only so much I
can go over with you in an e­book. And if you’ve read to the end – and I thank you for that – then
you’ll no doubt have many questions.
If you truly are interested in taking your trading to the next level, and want to see a quantum leap
in your trading performance, then this is likely to be of some interest to you….
Click through here to see full information of our flagship trading programme, the 6 Month Trader
Metamorphosis Program which will see you transformed into a consistently profitable trader.
The Market Sniper ­ Trader Metamorphosis Programme
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How To Become One Of The 9%ers
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