Weekly Tactics and Strategy Coaching Access

The weekly tactics and strategy coaching program is designed to complement your skill and knowledge development as a professional trader. The moderating team has selected a 12-week revolving schedule of classes that you can join at any time throughout the 12-week coaching cycle.

The coaching cycle has been implemented with the intent of developing your expertise as a trader and your psychology around trading the Douro Trading Strategies. Particular attention has been paid to ensuring that from week 1, you are learning to trust the Douro Day Trading teachings and approach to trading the market.

The coaching program is divided into 3 sub programs, namely, Understanding the Basics, Trade Signal Recognition and Understanding Market Context. The moderating team will include worked examples of trades called in the Live Trading Room to facilitate the lessons learned through each Tactics and Strategy Coaching Session

Week 1: Intro to Weekly Tactics and Strategy Coaching.

Goal Setting, Capital Projection, Expectation Development, Trading Plan Definition, and the Reality of Trading.
Website Tour and where to find things.
Understand the power of KPI’s and why they set the benchmark for your success in trading!

Week 2: The Eight Deadly Sins of Trading.

What are the common misconceptions about professional trading.
What are the Eight Deadly Sins of Trading and how do you address them?
How do you confront the emotions of Fear and Greed while trading?

Week 3: Candle Stick Analysis (CSA) Part 1 – The Meaning of Each Candle

Basic Candle Stick Analysis. A history lesson from 2009 and the power of stairstep in the markets.
Understanding candle strength and the 4 critical OHLC components of CSA.

Week 4: Candle Stick Analysis (CSA) Part 2 – How to Read candle strength and weakness.

How to determine when a team is in command of the market.
How to determine when a team has lost this command.
How to combine CSA into Signal Recognition.

Week 5: Reversals Trades, Bias Switch and Continuation Trades Part 1 – Bias Switches – the easiest 101 signals to spot.

Describe the basic components of a valid ABC trade.
Teach how to enter the trade with proper stop loss placement.
Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.
Teach how to enter and exit valid trades.
Use worked examples.

Week 6: Reversals Trades, Bias Switch and Continuation Trades Part 2 – Continuation Trades – the 2nd easiest 101 trade to spot.

Describe the basic components of a valid ABC trade.
Teach how to enter the trade with proper stop loss placement.
Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.
Teach how to enter and exit valid trades.
Use worked examples.

Week 7: Reversals Trades, Bias Switch and Continuation Trades Part 3 – Reversals.

What constitutes a great Static Bar Reversal (SBR) trade and why?

Describe the basic components of a valid SBR trade.
Teach how to enter the trade with proper stop loss placement.
Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.
Teach how to enter and exit valid trades.

Week 8: Trading Plan Development Part 1 - What are the components of a great trading plan?

What constitutes a great trading plan that makes sense and is also in context with the markets?

Why is Simplicity so important?
Why do great traders focus on one thing?
What is meant by a realistic expectation on both you and the markets.
Why could you consider trading statically?
Why is a loss of Efficiency / Gain of Efficiency so important as a foundation for a great trading plan?

Week 9: Trading Plan Development Part 2 - What are the components of a great trading plan?

What constitutes a great trading plan that makes sense and is also in context with the markets? (Part 2)

Target market, Target signal and Target session.
Contract loading, maximum risk and your intent behind trading.
Target ATM that agrees with the volatility of the market at the time.
Target walk away point. How much money do you seek to make in each trading session that keeps you in alignment with your KPI’s.
Pre trade preparation and post trade debrief points that are most important to you.

Week 10: Efficiency and DELTA Trading Combined – Spotting a great trade in context with a potential larger chart move.

ID the importance of Efficiency and why it strengthens the 101 signals:

Focus on Efficiency when it compliments the three signals that form the basis of the 101.
Focus on the first return to efficiency after a retrace back toward the MDI.
Focus on a loss and gain of candle size using the 2 to 3 times rule.

“Strength when it complements a larger chart move can generate a very positive risk to reward ratio trade”.

Week 11: Trade Management as a function of Fibonacci. (May be conducted in a Master Class)

Trade Management: Show worked examples of recent trades, entry point, exit point and stop placement. This session is intended to reinforce the previous session covered.

Fibonacci. This session is an introduction only and is not meant to teach the use of Fibs in detail – this is done in Advanced Coaching and Higher programs).

Fib Basics and Fib Principles (Retracement and Extension).
What are fibs and what do the mean, why are they so well-known and so well used (self-fulfilling prophecy) and how and when do you draw them.
If you are trading down, draw fib up, if you are trading up, draw fib down (as a general guide to hunting where the support and resistance may be.

Week 11 (Alternative Option): Introduction to Psychology Development with Cody - Pillar 1

Trading Mindset Mapping

Here we identify your major barriers both inside and outside of trading and how

we can make changes. We get you to clearly identify what you’re working

towards and why you’re doing it. Be honest with yourself.

Week 12: Introduction to Psychology Development with Cody - Pillar 2

Trading Engineering

Here we introduce the key concepts that enabled me to become consistently profitable. We look at the mathematics behind trading and breakdown exactly what you need to do to achieve your goals. Breaking your goal into smaller pieces enables you to purely focus on the process, as opposed to just the outcome.

Week 13: Introduction to Psychology Development with Cody - Pillar 3

Lifestyle Creation

We look at building routines inside and outside of trading. Your trading day starts from the moment you wake up. By building routines and good habits, your trading performance can be optimized.

Building on top of the previous sessions, we want to start aligning things to your goals and dream lifestyle. Plus you will learn a key concept to help keep you on track and stay disciplined.

Week 14: Back to the charts with Lachy for Strategy and Plan Finalization.

Trading Engineering