Weekly Tactics and Strategy Coaching Access

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.

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.

  1. Describe the basic components of a valid ABC trade.

  2. Teach how to enter the trade with proper stop loss placement.

  3. Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.

  4. Teach how to enter and exit valid trades.

  5. Use worked examples.

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

  1. Describe the basic components of a valid ABC trade.

  2. Teach how to enter the trade with proper stop loss placement.

  3. Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.

  4. Teach how to enter and exit valid trades.

  5. 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?

  1. Describe the basic components of a valid SBR trade.

  2. Teach how to enter the trade with proper stop loss placement.

  3. Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.

  4. Teach how to enter and exit valid trades.

Week 8: Reversals Trades, Bias Switch and Continuation Trades Part 4 – Reversals.

What constitutes a great the 4 Point Turning Bar and ABC Stair Step Reversal trades and why?

  1. Describe the basic components of both Reversal Trades.
  2. Teach how to enter the trade with proper stop loss placement.
  3. Describe the basic components of a valid signal and what to look for Fibonacci wise when hunting these trades.
  4. Teach how to enter and exit valid trades.
  5. Use worked examples.

Week 9: Strength Trading Session 1 – Spotting the best signal.

  • ID the importance of Strength and why it strengthens the 101 signals:

“Strength proves that the team we seek to back is likely to be heavily backed by other traders due to the 2 Team trading environment we trade in”.

  • ID how Strength enhances the DOURO 101 Signal Set.

Week 10: Strength Trading Session 2 – Spotting a great trade in context with a potential larger chart move.

  • ID the importance of strength and why it strengthens the 101 signals:

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

  • ID how strength can ID a very large move on session open.

Week 11: Trade Management and Fibonacci Basics.

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 12: Introduction to writing a Trading Plan. Open Mic and Q and A on any aspect of trading the Douro Strategy.

  • Intent of this session is to reinforce that the strategy in the 101 form works very well and that there is no reason to change the base algorithm.

  • Work on consistently applying the strategy for every trading session and focus on the 1/1/1/1 principle.

  • Reinforce the importance of coaching and the power of attending the next 12-week program to make sure that they have their algorithm and understanding of this algorithm nailed.

Week 13: In this session Lachy discusses Reversal Trades in detail.

Key topics discussed include:

1. What is a Reversal Trade and why do they work so well?

2. How do you identify each of the Reversal trades we can trade?

3. What are the best risk control points for each Reversal?

4. How to trade a Reversal trade in context with the wider market?

We hope that you enjoy this session with Lachy! The Truly International Douro Day Trading Team.