Some members aren't sure where the trade setups for their level of Base Camp Trading membership. For those in the Momentum Club, Thomas gives multiple setups throughout the week depending on market conditions. Thomas displays the pending and active trades and other details in a spreadsheet within the video. In one specific video, Thomas showed how to interpret the entries in the spreadsheet, making it a great resource to make the most of the end of day videos.
Here's a link to that special explanatory end of day video.
Additional clarification on setups in Thomas' End of Day Videos
Some traders ask where they can find Momentum Trader's Club actionable setups. Some traders may not realize that they are already watching videos that offer them. The video linked above explains it, and here's some additional info to help you identify real, actionable setups that Thomas provides in his End of Day and Weekly videos.
In Thomas' End of Day and Weekly videos, Thomas analyzes the markets, going through several setups, summarizing them in a spreadsheet at the video's close. He first reviews charts and speaks to the status of the markets. In the spreadsheet he shows at the close of the video, he summarizes potential Futures Daily chart trades as PENDING, with additional clarifying setup details. Several courses, including the Momentum Club training courses, provide info about most of these types of setups, so precise entry points are easily discerned from the videos for many of these setups. For example, if Thomas points out a pending daily bear flag, traders can look to the daily chart for an entry on a break below the previous bar's low, less a few cents to confirm it's not just bouncing off the low.
For markets without setups, he identifies the market's bias - not necessarily a setup, but helpful to know, especially if you're already in a trade. Longer-term weekly and monthly setups are also provided for Futures with actionable setup criteria (e.g. Bull Flag on the weekly for RB in the linked video, above).
We've created an image that highlights where to identify the setups on the spreadsheet that Thomas shows at the end of the video. Setups are shown in purple outlines in that example image, below. For equity trades, actionable weekly setups are listed for the current week and previous week, as shown in the red outlines.
In his video linked above, he provided 2 Futures setups on the daily, along with the current futures weekly and monthly setups. For equities, he provided 7 actionable trades last week and 5 actionable trades this week, for a total of 12 trades over two weeks. Even if he only averaged one per week, you would have more than the 48 actionable equity trades a year. That isn't even factoring in an even larger number of daily futures trades setups, which many brokers allow even in an IRA.
Some traders may struggle to know the entries that these setups imply. For example, SS is a Shooting Star candlestick pattern, which typically appears at the top of an uptrend, has an upper wick that's at least twice the body height, with little to no lower wick. The trigger point of that setup is the low of the bar less a few cents / ticks. A Run on Stops is when you have a significant support or resistance level that you break beyond but not close beyond indicating a lack of follow-through. That topic is discussed in the Naked Trading Mastery course that's part of each Club member's available courses. Bull and Bear flags, as we define them at Base Camp Trading, are also described in Naked Trading Mastery, as are some of the patterns such as pennants. Breakouts are moves beyond a significant support or resistance. Again, many of these are covered in the Naked Trading Mastery course, and are often detailed during select Tuesday Night Training Sessions. You can find more about these setups, along with other setups, in the courses that are available to members. Check your list of courses for valuable information about trading these setups, including Naked Trading Mastery.
As you learn the idiosyncrasies of the setups, you can start by trading the ones you already know, then trade more setups as you learn them. Remember to successfully paper trade this as you would any new system before committing real money to the setups.
As for value, any one of these trades has the potential to more than cover the annual cost of club services. We hope that club members recognize the value offered by watching a live trading coach and consider the Lounge level to participate in the Live Trading Room to see even more analyses and setups as the markets are traded live, and learn more about the setups you don't yet understand.
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