Trading Model and Non-Farm Payroll Review

Introduction

• Date: January 12, 2025
• Focus: Review of trading model, segue into current trading strategies
• Previous topic: Opening range gaps and midnight opening range gaps
• Current topic: Implementation on Non-Farm Payroll Friday

Trading Disclaimer

• Not advocating real money trading
• Encouraged to backtest and paper trade
• Example includes personal trading experiences with both losses and gains

Housekeeping on Comments and Feedback

• Avoid comments on YouTube due to scams and disrespect
• Encouragement for using comment section as a personal journal
• Explanation for lack of visible comments to maintain focus on educational content
• Criticism from viewers
  • Misunderstandings due to lack of prior study or engagement with content
  • Importance of going through previous mentorship videos for clarity

Algorithm and Trading Strategy

• Explanation of algorithmic approach
• Emphasis on rule-based trading strategies demonstrated with real trades
• Viewer skepticism addressed and countered with evidence of approach

Non-Farm Payroll Trading

• Description of personal trades made on Non-Farm Payroll Friday
• Importance of understanding market draw and liquidity
• Explanation of the market's behavior pre- and post- non-farm payroll release
• Key point: Identification of market draw and liquidity is crucial

Key Levels and Tools Used

• Various levels and ranges tracked daily
• Importance of recording and understanding these key levels
• Examples of levels tracked: opening ranges, previous day/week highs/lows

Trading Execution and Results

• Real account usage with AMP broker
• Example trade on Non-Farm Payroll Friday
• Explanation of the importance of micros for managing risk
• Warning about the unrealistic expectations of high leverage trades

Commentary on Trading Education

• Explanation of the teaching approach and addressing viewer's comments
• Importance of understanding and applying trading concepts before commenting

Future Content Direction

• Commitment to continue demonstrating live trading and sharing approaches
• Emphasis on realistic trading expectations with small accounts

Closing Remarks

• Encouragement to wait and learn rather than rush into trading
• Future content will continue to build on current strategies with real trading examples
• Message to remain patient and diligent in learning and applying trading concepts
• Reminder: Trading is risky, knowledge and preparation are key

This summary captures the main ideas and advice from the lecture related to trading strategies and the importance of understanding and applying algorithmic concepts in trading, specifically around non-farm payroll events.