YouTube episode (Kardec Trader) featuring Alistair Crooks, a UK-based seven-figure professional money manager, presenting a simple swing trading Forex approach. Crooks emphasizes the need for a repeatable trading process (not just entry criteria), explains using three tools to assess market condition, and promises a stepwise walkthrough covering entry processes, trade management, and correct exits. The tone is instructional and strategy-focused.
This guy is a seven figure verified professional money manager in the UK Trading forex.
One of the things I've noticed working with other traders that they don't often have a process to it. There's a guesswork in terms of what they do. So I have a process called if you're a trader that is trying to use one of these. But can I use these three tools to determine what condition that market is in and then use various filters to then look for potential trades. One thing I did want to cover and again this is where I see a lot of traders.
Struggle is Alistair Crooks joins chart fanatics in this episode, Alistair goes through his exact simple trading strategy that he uses to swing trade Forex.
This is the challenge when you're trading. A lot of people call them strategies but actually they're just a set of entry criteria. They're not actually a full strategy and that's what they end up doing. Yourself more appropriate to go against the trend. And it's the old adage people say, oh, trading against the trend is risky. Well, it's only risky if you're.
Alistair walks through his exact exact entry process, trade management and how to exit correctly.
You'll notice here that price creates the low at this point and now we're looking for price to come back up and test the moving average. What you'll notice is price comes back up and it actually does a higher low prior to coming in. And again that makes traders nervous. But data over drama. One of the things that's nice about trading a trendline break setup is you can allow for price push above the level. Obviously what we don't want to do is be just trading a break of any trend line anywhere. So the rule that we have in this scenario is.
