to Nix2B Basics

Transcript to Nix2B Basics

Welcome to Day Trading Compass

Welcome to Day Trading Compass • Disclaimer * Disclaimer: Trading Currency or Stocks is Extremely Risky. You may lose all your capital. You trade at your own risk. The service/s offered by Niteen (Nick) Godbole or Day Trading Compass LLC (DTC) are for educational purpose only. Your decision to enroll for any services offered by Nick Godbole or DTC is completely voluntary. Nick Godbole or DTC does not endorse or recommend any person or service related to any presentation or presenter in DTC meetings. You shall not hold Nick Godbole or DTC liable for any loss that you may incur in trading. Our results in the past DO NOT guarantee, assure or reflect on our results of trading in the future. You may consult an investment advisor before you enroll for any of these services as Nick Godbole or DTC is NOT a licensed investment adviser. You decision to copy Nick Godbole or DTC by adapting copier method is completely voluntary. We are not responsible for any loss that you may incur due to failure of copier method technology or due to any unforeseen circumstances. You hold Nick Godbole and DTC completely harmless for loss of any kind that you may incur enrolling for any of these services.

Day Trading Compass

Nix2B

Nix2B

strategy = Price Action + 2 Bars Three Stages: 1. Completion of

Nix2B

2. Confirmation of

Nix2B

3. Entering a trade

Day Trading Compass

Nix2B

• • • • Identify Higher high or Lower Low with minimum 2 Candles in-between The Next Candle MUST NOT break the High or Low of previous candle

Nix2B COMPLETE!

Price Benchmark: Bottom of the bar that BROKE the previous HIGH or Top of the Bar that BROKE the previous LOW Price CLOSING below or above that line Benchmark

Nix2B CONFIRMED!

• Supportive Indicators: EMA - 7 / 14 / 21 & MACD - EMA 12/26 SMA 9

• • • • Day Trading Compass

Nix2B in Trend reversal from Bullish to Bearish

Identify a confirmed

Nix2B.

Wait for a retest with Green bar Another bar to close below the benchmark

Enter Bearish at the close of such bar

• • • •

Day Trading Compass

Nix2B in Trend reversal from Bearish to Bullish

Identify a confirmed

Nix2B.

Retest Wait for a bar to close above that the benchmark

Enter Bullish at the close of such bar

• • • •

Day Trading Compass

Nix2B in Bullish trend continuation

Identify Completion of

Nix2B

in an ESTABLISHED Bullish TREND Wait for a bar to close above the benchmark – Nix2B confirmed Enter Bullish at the close of such bar Do not have to wait for a Re-test

Day Trading Compass

Nix2B in Bearish Trend continuation

• • • • Identify Completed

Nix2B

in an ESTABLISHED Bearish TREND Wait for a bar to close below the benchmark – Nix2B Confirmed Enter Bearish at the close of such bar Do not have to wait for a Re-test

Day Trading Compass

• • •

Exit Strategy Exit Partially …

First Profit target Support of previous high or low Price point of Bulls Entry If Bearish and Bears Entry if Bullish

…. Whichever comes FIRST!

Exit Totally As soon as ….

• • • Next Confirmed Nix2B in reverse direction Stop Loss Satisfactory Profit

…. Whichever comes FIRST!

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