Tom Hougaard live in London - IX Show
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- Developments in Price Action & Psychology.
In this talk I break down the process of what I call “situational analysis”, which is a significant move away from traditional technical analysis, and yet close enough to not turn my back on charts.
🗒 I'm making the 800+ page PDF from the IX Show available for free. Visit my Resource Channel on Telegram to access: t.me/+pE7iNRn7...
✅ Join my Telegram Swing Trading group for FREE: t.me/SwingTradi...
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Tom is just like one of those Greek philosophers that can forever change a person's entire life through their knowledge. That's what happened to me. All I have to say tô him is that I will be forever grateful.
Nice to hear man. Do u trade on td365?
0:00 I. Tom's introduction.
3:36 II. The talk Plan.
6:32 III. Situational analysis: What is it and how is it different from technical analysis?
1. Importance of the mental and physical sides. (Dont drink 1/2L Kombucha at night🙃)
9:00 2. Tom's approach to technical analysis.
12:13 a. FOMC reasearch.
12:50 IV. Hardcore analysis of the FTSE Index.
1:07:40 V. Steve Ward's introduction.
1:13:40 1. The behaviour Gap.
1:22:40 2. Psychology.
2:01:23 VI. Tom's personal experience with what Steve discussed.
2:08:34 1. Morning process.
2:12:34 VII. Back to the hardcore analysis of the FTSE Index.
2:13:51 1. Adding to winning trades.
2:19:19 2. The "8" and "13".
2:23:23 VIII. Relax with an exercise.
2:42:49 IX. Does practice make perfect?
2:48:44 X. Fishing for stops.
I appreciate the timestamps. Thank you.
I’m fortunate and I’m grateful to have Tom as a mentor!!! I truly appreciate his effort and commitment!!!
I'm from Indonesia, I'm not good at English, I use Google Translate to watch each of your videos, even so I still feel like I found a lot of benefits, thank you very much Tom
where u from bro, im from central java, currently borrow loan from the bank put it all into trading
I can't thank you enough Tom for making such priceless information freely available to us.
one way or other, people are paying for this, nothing is for free in life. he is getting paid by all platforms that he uses and promotes in one way or other. great trader i give him that but he is not doing this for the will of god or his greatness. he is getting paid down the road. he is got great advises just make sure if you follow any of his, you do your own due diligence and studies first before taking immediate actions.
Such an amazing gift!!! Thank you!
16:24 - So true! You have to have not only a flawless strategy but FLAWLESS SELF-CONTROL, because most of us little traders don't have someone looking over our shoulder saying "Maybe you've done enough damage for one day. Stop trading!" Love this guy!
The most honest, generous, open-minded Man of all times. Thank you Tom!
Tom ! Thank you much from the heart ! You are really delivering a priceless legacy. Steve, Thank you for participating and sharing your valuable experience. Love and light to you both. Thank you for sharing !
I finished reading your book “ best loser wins “ yesterday on march 6, 2024, thank you for your book and knowledge
Read it again:)
It all seems a bit too emotional. If you're emotional then your system is not solid enough and requires too much subjective decision making. The more objective the better.
One of the few "public" traders you can trust! Thanks Tom! Zoom or You Tube presence would be nice!
Tom Hougaard, the micro scalper that uses humongous stops 😂
You talk a good game 😂😂
I like how you puff your chest out at earning £4000 on a nasdaq trade at the open when your risking triple that 😅
20 points on nasdaq at the open can be made on one 1 minute candle ffs 😂😂
Typical reactive scalper that loses all his profits in a few trades
World needs more people like You Tom. Glad i found You on Telegram. Wishing You Tom a healthy life for many more decades ahead.
Tom I'm forever in debt, not just for this video, but also what you do every day in the group
try to find your passion, discover your mind, answers always hide inside your mind. don't chase money or markets, let the money and wealth finds you. good luck
The trades on telegram have been all minus - what are you saying
@@GentjanCecja all trades minus? that's not true. Also if you're only care about p/l then your focus is wrong. To me Tom's mentality is priceless. If you don't like him then don't follow. There are plenty of guru out there show only good trades. Go ahead
I got only one
Wow, you have a little something from Dr Paul. thank you for the freebie, the only thing I can afford.
Thank you Tom for posting this video. We trade with different styles but I have learned so so much from you, trading principles are timeless and disregard of styles.
Thank you Tom ! God will bless you for helping me and others learning with a top of the line trader you are ! Soon God will contact you, I talked with him about you and he will deliver ! Open your heart to him ! 💪
That he is STILL constantly learning is the most impressive thing...
Wow. Tom this is amazing. I am 17 minutes into it and it's already sai powerful!!! Thank you so much for sharing it with us. Thank you for your good and loving heart.
Both of you are amazing. Every time I see and hear Tom. I always think English movie villains actor..😂😂 just my feelings
I've watched the Steve Ward hour like 20 times plus in the past 2 months. These kinds of things are the real gems of free online trading content ♥️
El solo pensar que esta informacion la vieron menos de 3mil personas me hace sentir tan especial es como que es solo para nosotros los que deverdad estamos dandolo todo y esto es como el empujon que nos faltaba !! asi que gente a seguir trabajando exitos para todos!!!
TOM te la rifastes jaja ^^
This is worth so much thank you for putting it on TH-cam for free. I think the number of traders losing money would go down if they would simply listen to Tom!
Man these bots in the comments, really wish youtube does something about them. Hopefully our fellow traders arent gullible enough to fall for their scams…
yeah really unfortunate
He crashed his account since the start of the year. I would not trade as he does, you either get a hearth attack or you go broke. Or Both. All his statistics are not backed up at all by true numbers. Avoid to believe what he preaches by his 'research'.
How much did he lose? Guy is a high stake trader. Once saw him trade live from +400k to -400k to +1.2M. He trades 3k per point on margin.
Dude, loving that you are live streaming trades recently. This industry has a very bad problem with transparency, cool to see one of the bigger names doing it frequently.
tom is very Human and fun
There is something I don't understand !!
In his strategy, he said he'd be buying if the first candle is going down, but then from 31 to 32mn, he's been showing us 15 charts where he says
- he would buy "because it goes below the low", but he shows the 3rd or 4th candle with his mouth
- He also says he would sell/short on the top of the following candles, even though sometimes the second candle goes below the low.
I don't understand what exactly pushes him to sell or buy, and why is he taking the trade on 3rd or 4th candle ?
The rule was according to what I understood: we buy if the first candle is going down.
Can someone explain please ?
Thanks
He totally slap his own face ain't he? He said private jet is 99% luxury, but then when he answering why he own a private jet, he mention his business...how cringe how awkward? Essentially media man, Steve, please send him you office location, educate him.
1:29:00 - Developing Psychologically Flexibility and Situational Analysis is essential! Great stuff
OMG ! 3 hours long ! I've just started and I'm so grateful in advance. Thanks for sharing
Is there a telegram channel where we can send Tom questions? I am subscribed to his signal and resource channels, but can't see one where people ask questions or debate stuff.
What works for him does not gonna work for you. Just find your way and forget the crap and courses sellers 🤢🤢🤢🤢🤢🤮🤮🤮🤮🤮
The greatest retail trader of all time...Tom Hougaard
Thanks Tom for sharing for free . Love you ❤
I wish Tom was my dad
Thank you Tom ♥
Tom, that was amazing! Steve you were amazing as well!! Thank you both.
Anybody could share the telegram group please?
So wonderful, thanks a lot!❤️🔥
Pure bliss to be able to get hands on priceless knowledge Tom shares. ✨
Around 90% of that audience will lose significant amounts of money believing they can be one of the 10%! I dont think any traders should encourage people to get into day trading, it is extremely difficult and MOST will just lose money.
It’s only difficult when you have no set plan or not abiding by your set plan. It takes a lot of maturity to understand that this a long term game, and one must not be pressured into making a certain amount per day and just focus on creating good habits to see some success
@@Footballscripted_ so you are making money, right?
We must assume that those people are basically all grown up human beings, who are capable of thinking rationally. First of all Tom is not charging anything for his services in Telegram, and the ticket prices to shows like the one in the video are mostly very fair from his side. Renting big venues actually costs a lot and he has to at least cover his cost. In addition, Tom is not claiming that everybody can become a day trader and live off their trading. But he tells people what they need in terms of mental preparation in order to become a good trader. Then it is up to each and everyone to make serious planning in terms of trading and to also have a limit with regards to how much they are willing to lose before they exit and conclude that "Daytrading was not for me". PS: People will only lose "significant amounts of money" if they don´t have proper risk management and if they don´t start with small stake-sizes. Tom is not encouraging people to start trading 300 £ a point from the beginning.
95 % of audience will lose. The system is created to loos. I lost as well.
@@sukhmaidickoffon one level Tom means well, he certainly tries to convince himself he does, but the whole premise is fundamentally flawed. People worshipping Tom, while losing money every day is delusional. Tom enjoys the fame, no doubt, but he is misleading people. On his channel only around 700 people follow him live out of 31,000. Why? Because even following his trades is really difficult and his losing days can cost someone a lot of money. And when they do, Tom criticises them
Tom, your wisdom shared for free is wisdom-greatness. You willl live forever. I could never buy this knowledge. Love from Nepal. Salute.
Hey tom it appears avg age. Of your attendees is well above 50
You’re teaching so subjectively with all those data is really waste of time
You’re incredible trader,you must put real charts on your teaching screen and explain there instead of talking databases it’s so irritating and confusing
It’s easier and engaging if visible methods are used latest live charts will be much better much effective
Try it
Unfortunately you have selected most hated boring way of teaching
I don’t know why
Tom you’re one of successful trader try to pass on real trading skills instead of just fundamentals and bookish trading techniques
Real life trading techniques are so different
Cheers Tom A great Danish trader
Cheers 🥂🥂🥂🥂🥂
Thanks, Tom. This is great stuff, you put out here. Thanks for your insights, commitment, openness and all the personal flavor you add to it.
1:38:00 - Learn to balance the DISCOMFORT with your PURPOSE, love that, that is really important!
Here's my take away. As a want-to-be trader learning the craft and very impatient with myself...it is acceptable to be spending time in front of the charts learning, slowly gaining understanding, on a journey of learning. Jumping in to cash trading too early may be like jumping into the deep end of the pool not knowing how to float let alone swim. And Tom's book, THE BEST LOOSER WINS; get it, read it. I use the concepts as an accountant dealing with clients as much as I am looking forward to using them as a trader. They are life principles not just for traders.
Thanks so much for the lessons guys. Joined the Telegram Friday and I’ll see you in Orlando in June!
My goodness what a talk!!!! Just jotted down 2 x a4 pages of notes in what seemed like 20 minutes Thank you
Could you give us an update of your inner circle trader studies tom ??
Thank you for sharing this
Thanks that was great! In addition to diet and rest, I would recommend getting yourself tested, vitamin D thyroid etc. All deficiencies affect quality of life.
Are those slides at the end of the presentation at a 5 minutes bars???
I know Tom used 5 minutes candlesticks, but just checking. Great presentation!!! I miss his presence and to be there live to watch him on the stage.
And Steve Ward; fantastic guy!!! What a talent!!!
great talk ! have watched till minute 52 so far.
Got a question though. You calculated the average max profit. In my mind to make practical use of this I would then set my profit target to 25 points.
But if you calculated the average by all max profits combined / number of trades
Then thats not very practical due to outliers. we could have a lot of trades that do not hit the 25 but have some trades that go much higher than 25 points resulting in this average.
So it kind of depends on your profit taking strategy. if its intuition based on what the market does than maybe it would work. But if we want to set a strict profit target then we would need something else as the average. A
Maybe a number in points that gets hit 75% of the time or smth
Thank you so much for making this available to us Tom.
Out of curiosity, if the statistics show that the Dow have closed up 50% of the time during the last 30 years and 50% down, but we had an EXPONENTIAL rise to say the least, shouldn’t our “bias” always be long?
If it goes up, it show go up tremendously and if it goes, down well, that’s the other 50% playing out but I have more chance of making money if I’m on the long side of the market.
Also, I know it is important to add to winners, but very few people talk about those adding being losers. If I’m in a winning position and I add to my winner, it might end up being a loser. And if I get profits out of my first position to cover for my second one hitting SL, I’m reducing my overall winning potential. It would be interesting to hear your thoughts about how to deal with added positions being losers
Tom, I've only recently found your channel and I've been doing my best to take what I can from all of your videos. I have learned a lot about the way I trade since I've found you and I appreciate all of the great resources and insight you provide us with. Thank you very much for your hard work and dedication. It has been a much needed wake up call to: not invest in my losers like they're winners and it's my big winning day, reading what the market is doing and instead of predicting what price its going to, and how to walk away from a losing trade. I look forward to your future videos, my mind is a sponge and you are the ocean. Wishing you good health and happiness.
Thank you, Tom. I have just found you and Dr. David Paul's presentation. I am working on the flipping the switch. I had a beautiful trade last Friday , added numerous times ( even with the last 1 share...no money left...Lol..) I sold at the top. Thank you so much!!!
What percentage per year does a trader need to make consistently to be considered a good trader? And how many hours analysing is the average input to achieve that?
Hi Mr Hougaard, will you come to Singapore?? Will very much love to listen to you live in Singapore :)
Such a good speaker (even ignoring the content). I wish you’d narrated the audio book of ‘Best Loser Wins’.
Amazing gift indeed. Thank you Trader Tom. I swear i will make it big one day and buy you a nice lunch in London. I'm from Malaysia. You are an inspiration. I will work hard in my trading endeavour.
How can I join the Telegram group? I want this priceless 800 page PowerPoint presentation.
Great stuff. Thank you for making this public. I look forward to putting these strategies into action. I love Best Loser Wins. It was a game changer. I listen to the audiobook on repeat when I am doing cardio, hoping to beat the ideas into my subconscious until they become second nature!
I actually read ICT watched one of your lectures live - funny you should mention him in the beginning 👍
I have been following you since I read Best Looser Wins...a big thank you for all that you do for the trader community...sharing bluntly the real information needed
I checked his exact strategy with a simple algo for the last year on UK100 M5. It's a disaster with about 30% win rate. That he is profitable at all depends on managing the trade by adding positions. And a 10 point stoploss is garbage and way too small on 5 min. Zero edge.
He cuts down losses quickly so that is why his win rate is low and he keeps positions for longer so many of them go back break even or with small loss. He makes money on big moves adding more positions. It is all about risk management and trading skills.
@@lpsminecrafter-js6ix Yes, mostly small losses and a few big wins. So no real edge, he could instead take random trades and then manage. Entry is not important. However, with a volume profile you can get an edge, since it reveals big bank levels.
I wish I could study all that charts …..
thank you for this lecture, thank you that you put it in TH-cam.
Thank you Tom!
Every single video i have watched of this guy has been pure gold gave me everything i ever needed to be profitable hell he even supplied me with a strategy
Someday you will make an episode with an introduction to how to set up the stock exchange like you have?
You Tom, are a Living Legend. kindly receive my Flowers now🌻🥀.
Thank you!!! ❤🙏🏽
PS: I've read your book three times.
Really Really Thank you Dear! im really surprise coz im beginner but i have a great lesson and now added new, thank u! May God Bless you!
I really appreciate you Tom - You are such an emotional being that I sadly am the same damned way. You give me hope
The most honest presentation comes with Tom and spreads itself around when he starts teaching .I am feeling I was in this presentation Thank you Tom!
Great content especially the psychology part from the consultant and Tom
Genuinely such a good public speaker... so insightful and such good knowledge as always!
Never seen so many bald heads in the audience! Great presentation Tom!!
Much appreciation for sharing your knowledge with us has helped me from Kenya.
If every one knows and masters one stratery, that is not a good one. Built your own stratery and master it.
Thanks Tom❤
Honour From 🇱🇰 Sir You are Unbelievable Nature Creature. Cant Say thanks because this effort more valuable than say thank you.
HI Tom, can you please do a video on Pyramiding, and adding to positions ?
God bless you, Tom❤
I love your mindset. You put words to my thoughts♟⚡
Awsome Tom, thank you!!! just download the PDF and going through this video at same time.
This is a masterpiece.. enough body and mind rest is essential always
Thank you so very much for your generosity Tom. You are helping people change their lives, thank you sir.
This content for free is really a privilege thanks tom you are the goat
Dear Tom, thank you very much for everything.I have completed my second year in the stock market and I am making profits.I'm so glad to have you.
Can we give this comment lots of likes as a thank you to Mr Tom for spending his own personal money on camera crew so we all get to see this gem of knowledge!!!
I called you the THE REAL MAN and HONEST ever!
I don’t get what is so impressive about this guy ?
"Situational analysis" - brilliant, annnnd subscribe!
Awesome thank you so much I appreciate the video
Trader Tom dont add movies often but when he add this priceless. Worth more then gold .
@trader tom, Is it possible to get this powerpoint presentation?
Thank you so much Tom for this amazing information..
2:03:54 genuine and honest..very grateful to hear you say this
Legend 💛