Dislikedfind trend wait for pullback find setup bar wait for it to trigger manage trade make moneyIgnored
Regarding the above statement. This is about as simple as it gets. I myself blew a very large account way back when not listening to this advise. If I were to guess ?? Most traders are having their difficulty in defining the trend. Div presents a way that is very basic in defining that trend. It's so basic, that it really has become a lost art form. Reason: We all ( including myself ) have been caught up in indicators at one time or the other to help us define the trend. Div is teaching the art of letting PA define the trend first, not the indicator. Study this method of reading trend and you will be able to trade any market, any time frame. Why, because you will know the trend. How many times have you said to yourself something like """ if I was only sure of the trend ?? """
Dont get me wrong, it will take some time as most are not acustom to looking at price in this manner ( no indicators ). One option would be to add more candles to your screen, condense it.( the bigger picture - Div was doing this durring his presentation ). This well help you begin to see the trend change better. As with anything it will take time to train your eyes. There are many who see it very well now but in the begining had some difficulty......Then you can focus down, with less candles on your screen, in order to see the set ups.
The other tid bit is his trade management. What he does once the trade is put on. Ever notice how many traders do "nothing" once the trade is put on. They let the trade either hit their target or get taken out with the SL. There is a 3'd option " trade management ". Div has his 5 pip rule and a break even rule. This technique alone will make his method work exceptionally well as some trades will not hit targets but will still profit or even scratch. ( a scratch is defined as BE plus com's.. a freebee !! ) This is what makes low expectancies methods work. The great thing here is Div's method is a high expectancy method. I believe this is one of the reasons why.
As Div has said ( a few 100 times or at least that many in the presentation LOL !) you have to "find trend wait for pullback find setup bar wait for it to trigger manage trade make money." This is why his method works so well ( he knows the trend )
Just my opinion... which by the way means ... "nothing"
Excellence in simplicity.
Great stuff Div !!!