Trade Mentor - Part 12 - Trading Strategy

Professional day trader Tom Hougaard - Part 12 Trading Strategy - Trader Tom introduces the TradeMentor education program, designed to teach you Forex and CFD trading through practical examples and real-life trading situations.
"Welcome to the TradeMentor education program". My name is Tom Hougaard, I'm a professional trader and I am here to educate you in the ways of Trading. "Trading Strategy"
✅ Visit Tom Hougaards website: tradertom.com
✅ Follow my Telegram group for FREE trading signals daily - all day: tradertom.com/trading-signals/
👍 Please like, subscribe & comment if you enjoyed it - it helps a lot! 👍
👉 If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel.
👉 For more related videos on Trading Psychology & Day Traders Mindset:
• Psychology
👉 Videos about Scalping as a Day Trader:
• Scalping
#TraderTom #TradeMentor #DayTrading

[@paulnjogu3122]

Am thankful to God I met you before beginning trading. You are wise and am thankful for sharing your wisdom

[@claudiogaldes7494]

There is no kinder trader than Tom period.

[@hagarthestoic3282]

Thanks for sharing your young self presenting such a comprehensive short course for traders Tom. The 30 trade challenge is something I would have certainly benefited from back at the start of my own journey in the markets.

[@MindsetMojoHacks]

You are welcome - and I agree 100% if we only knew 1-2 years ago what we know today.

[@rafkantonioalpha5401]

The video of the series with the most views. Shame on them that skipped all this hidden gold. Their shame, I didn't allow myself to watch the video of the strategy until I watch the whole series and wrote down notes. Congrats Tom and thank you for the free value it's tremendous! 👏

[@MindsetMojoHacks]

Thank you 🙏 I've posted this video a few times today. Why just rewatched it today ... and I really think it has hidden gold. perhaps something to watch over the weekend? kzbin.info/www/bejne/mmjagnypmc6LkLM

[@guillegadea]

Thank you Tom, I've watched dozens of your videos and I've learned a lot. I'm still struggling to get consistent but thanks to you I feel I'm closer. Regards from Argentina!

[@MindsetMojoHacks]

That is so good to hear. Every step closer is good ;-)

[@Vicky...D]

Thank you so much Tom.May you have all the happiness in life.Reaalyy great content

[@niro56]

So happy to go through your teaching. The exercise is on.

[@MindsetMojoHacks]

Thank you 🙏

[@maheshchawan6155]

Thank You so much sir! I am starting day trading from tomorrow am feeling confident now...

[@lisandrob626]

Awesome content Tom! Congratulations and greetings from an expat living in Frederiksberg ;)

[@jt677]

Quite comical to see where you started out in your trading career trading the euro dollar with a moving average and a oscillator. To be the beast that you are today!!! You are by far the best trader I've seen. FYI I'm halfway through your book on audible, it's a great book

[@MindsetMojoHacks]

This series is upon request - it is 10-11 years old. Most of it it still holds today. And if you look at it you can see the journey of traders within it.

[@tungnguyen66]

This is gold . You are an awesome guy.

[@MindsetMojoHacks]

Thank you - when you have the time spend a few hours on the Psychology playlist: kzbin.info/aero/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6

[@santokhsingh8133]

Yes Tom Divergence mean hidden Divergence have high probability to price move in your direction. Thanks

[@TheWinghochui]

Thanks for your sharing!

[@friendsclips5305]

Soo much Information in a small amount of time.....thanx a lot

[@MindsetMojoHacks]

You are welcome 🙏 Several people who have watched everything 2 or 3 times say that they get a little extra nugget every time they watch the videos.

[@noelduplooy2889]

Cheers Tom. Gonna put these vids on repeat until your gr8 advice is imprinted on my brain. Appreciate all the effort.

[@MindsetMojoHacks]

Thank you for watching. 🙏 👍 Please like, subscribe & comment if you enjoyed it - it helps a lot! 👍

[@E.E.]

@@tradertom9921 SCAMMER COPYING Tom!

[@E.E.]

@@MindsetMojoHacks The scammer is back again :( just wanted to let u know

[@MindsetMojoHacks]

@@E.E. Thank you EE I'm on it. But great to see you help. 🙏

[@MindsetMojoHacks]

​@@E.E. thank you so much I'm on it. You are a true friend of the channel 🙏

[@punasurf4697]

Thank you so much Tom. I've been trading the ES, but I think I will try your 30 trade challenge with your technique on the MES. That way I will still have skin in the game but the risk will greatly reduced. If this sets my head straight and refines my trading I'll get back to the ES. Many mahalos from Hawaii.

[@MindsetMojoHacks]

Aloha Puna Surf, I had the pleasure to visit Honolulu a few years ago. No matter what system or strategy you try to implement in your trading. The 30 trade challenge will do you good. So often people try something new.. have 2-3 losses and go on the hunt for the next great thing. Often it's not the system that is wrong but the person executing the system.

[@hkrausser1032]

Hallo Tom ! I saw this Video 2014 at first ! But it was the Basic of my Set Up in Ticks for a few Indices!! Thanks again !!

[@MindsetMojoHacks]

You are welcome. I also watched it ages ago. I'm not sure about you but every time I hear Tom I get an extra angel on.

[@hkrausser1032]

@@MindsetMojoHacks I feel the same way. His way of thinking is so professional .And helps me as a full time trader every day. Watch his telegram group!

[@florianperszing3265]

Thank you for the material.

[@MindsetMojoHacks]

Thank you 🙏

[@SuperNegawsklov]

Such great advice 💯💯💯

[@MindsetMojoHacks]

Thank you. We hope you will find value in some of the other videos as well.

[@peeklele6578]

Thanks Tom, Just finish your book and videos, time to practice. After reading your book and watching I come out from the mambo jumbo of the thousands indicators and making lot of money videos, which did not teach anything and confuse us more. I appreciate the simple way you explain the trade. Bless you

[@MindsetMojoHacks]

Thank you 🙏 And IF you can take some annoying French translation - your indicator point is explained here: kzbin.info/www/bejne/jIbNqHdnjb-EqNU

[@user-ig9jj6ul1u]

thank you mr tom god bless u

[@MindsetMojoHacks]

You are welcome 👍

[@larryreyes7072]

i watch all your youtube videos and i subscribed also i hope i can be in your courses soon..thanks for learnings..

[@MindsetMojoHacks]

You are welcome, Larry. Comments like this make all the hours spend worthwhile 🙏

[@joebanks9529]

Thanks for the vids Tom. i havnt actually watched this one, but is the most current so thought i'd say thanks. Just jumped from 2019 video you did about view on heiken ashi. I also watched a good talk you did in the UK i think, was like 7 parter here on the tube, but a great watch for me. It confirmed a lot of things & how my direction to trading in some regards is inline although different to someone successful at it like yourself. Watching your vid.. Scalping Stock Indices from april last year. Looks almost identical to me scalping on AMPfutures but using heiken ashi candles haha. Although ive not mustered the balls or pot size yet to back my winners how you do & hold them as long as you, im very consistently making & building on a very modest veering on suicidal starting pot for that style of leverage product.

[@MindsetMojoHacks]

Thank you, Joe 🙏. You are on your own journey and got to proceed at your own speed.

[@huntingjaguar]

Are all Danes like you sir? Cos am getting to like Denmark pretty well because of you! There's is something about your personality that chimes with me . Probably your mental strength! You may not know me but but you are already my mentor!

[@MindsetMojoHacks]

No Tom is a rare example 😉

[@amineaminosse8700]

Thank you!

[@MindsetMojoHacks]

Thank you ... we hope you will find other videos on the channel of value to you.

[@sagardhotre7222]

Tom you are just fantastic.

[@MindsetMojoHacks]

Thank you, Sagar. If you have spare time on the weekend you should also watch London Talk 2019 + 2020.

[@sagardhotre7222]

@@MindsetMojoHacks Will surely do that.

[@MindsetMojoHacks]

@@sagardhotre7222 plz don't think I look for a few views... lol we don't even have ads on. But a few good lessons kzbin.info/www/bejne/nmbHiHd3h9qnkJI kzbin.info/www/bejne/pnWzp2OhZrBqmKs part 1 of 3 (better see them all) kzbin.info/www/bejne/pavEgHSrpbNolbM kzbin.info/www/bejne/mmjagnypmc6LkLM Enjoy - some 5-6 or 7 what do I know hours of a good education.

[@joshnelson9571]

Thank you so much for these videos! Your educational content came highly recommended and I understand why now. I just finished this 12 part series last night and have one question for you. Can reverse divergence be used on a 5 minute chart? I watched it play out beautifully today, twice, and just wanted to make sure I was looking at it correctly.

[@thousandlocks3258]

You are the truth.

[@MindsetMojoHacks]

Thank you 🙏

[@E.E.]

Thank you Tom, this was great guidance 🙏👍 Will start exercising next week. I wonder, is reverse divergent still your favorit strategy and which timeframe do you prefer to use it at? I was planning to execute at M5 and also have in mind the 4 fractal. Many THX

[@MindsetMojoHacks]

Thank you. 🙏 4 bar fractal isn't stupid at all. It will give better results if you trade with the overall trend.

[@CryptoMindLk]

LOVE YOU TOM, BE WITH YOUR IDEAS FOR MY TRADING JOURNEY

[@xd3stiny773]

So how long should the trade last after placing them? Not sure if you said u keep your trades open for 30 mins.

[@frankdavidson4021]

practise makes permenant

[@MindsetMojoHacks]

Exactly 👍

[@posthardcoresinger]

Would SPY have less propensity to trend than currencies?

[@alexbecerra9861]

Hey Tom, does this strategy following the Oscillator, and 89 MA also work for the futures market. Thank you for the material again, you are awesome.

[@stevefitzsimmons4308]

Work on any market is all price and candles so dont see why not

[@MindsetMojoHacks]

@@stevefitzsimmons4308 Agree Steve - one just got to have in mind the lower timeframe the more "noise".

[@mortenstenberg5452]

Hey tom, are you planning on adding a "add to winners" in this series? /cheers

[@MindsetMojoHacks]

Hi Morten, No more videos are planned for that rather old series. However, you can find a video regarding adding to winners here: kzbin.info/www/bejne/fHaylnmkg5ijmq8

[@bevanmanchest2635]

Hi Tom I've been looking at a similar strategy (added in regular divergence together with hidden/reverse divergence) but only on the daily candle asI have a full time job. The daily candle/swing trading will only work for me until my circumstances change. Can this this strategy work on a daily time frame? Regards from South Africa

[@petardoldinio2488]

Are those videos has been recorded in VHS ?

[@ashtron1585]

Sorry I am a beginner so I didn't quite understand the strategy. Here is what i understood please correct me if i am wrong! So we have to check 89 MA first and then it will show where the trend is then we have to look at oscillator if we are looking that MA is in downward direction we need to wait for oscillator to be on top? and when the MA is showing us uptrend we have to wait for oscillator to be on the bottom and curving towards upward to take the position?

[@MindsetMojoHacks]

no reason to say sorry. You just need more hours of homework than old times need.

[@spencergrubb]

Hey Tom, thanks for this. One question: 14-3-3 doesn't seem to apply for Stochastic settings on ThinkorSwim. The default is K Period: 10, D period: 10, Slowing Period: 3. Which settings correspond with your 14-3-3? I'd like to try your settings. (Is the order the same?)

[@MindsetMojoHacks]

The video series is 9 years old. Tom doesn't use indicators anymore just a naked chart.

[@spencergrubb]

@@MindsetMojoHacks I'd still like to try his settings.

[@MindsetMojoHacks]

@@spencergrubb sorry bad answer I know. I haven't had it on my charts for 4 years. I googled it The default settings are 5, 3, 3. Other commonly used settings for Stochastics include 14, 3, 3 and 21, 5, 5. Stochastics is often referred to as Fast Stochastics with a setting of 5, 4, Slow Stochastics with a setting of 14, 3 and Full Stochastics with the settings of 14, 3, 3. So it seems there are a lot of default settings ;-) - Tom used 14-3-3

[@spencergrubb]

@@MindsetMojoHacks Do you know which of those numbers are K period, D period, and slowing period? I don't think the order of the fields is the same on TOS.

[@MindsetMojoHacks]

@@spencergrubb length 14 K 3 d 3

[@funnyman1186]

I went through all the chapters. It would be helpful, if you tell about when to exit the trade for the strategy discussed in the chapter.

[@MindsetMojoHacks]

It would - but how would Tom know?

[@funnyman1186]

@@MindsetMojoHacks I went thru other videos of Tom. I understood his exit rule. Thanks Tom!!

[@hd4453]

I know you said this for Forex but Does this strategy apply to stocks on Nasdaq and NYSE ?

[@stevefitzsimmons4308]

Any market its only technical indicators he has studied hard you do the same you will crack it

[@MindsetMojoHacks]

It applies to any market ... or any liquid markets. Please do not use these on penny stocks.

[@berakahemmanuel6672]

Can I use this strategy for crypto? 89MA, my StochRSI didn't look like this 14-3-3. Thank you. Appreciate it.

[@MindsetMojoHacks]

Tom hasn't traded that way for years. But it should work the same way for all liquid markets.

[@jt677]

Do you still use the 89MA and a oscillator??

[@MindsetMojoHacks]

That video is 10 years old - no - no indicators at all

[@AllenandAndy]

Is the oscillator the rsi? Thank you. Does this sttategy work on stock indices?

[@MindsetMojoHacks]

Yes, it is RSI. Be aware that the video course is 13 years old or so.

[@AllenandAndy]

@@MindsetMojoHacks thank you so much

[@AllenandAndy]

@@MindsetMojoHacks Mr. Hougaard, do you still use the rsi divergence strategy?

[@MindsetMojoHacks]

​@@AllenandAndy I haven't seen Tom using RSI for ages.

[@connerrodwell3581]

What is the oscillator that you use?

[@danielsharples7649]

Yes would love to know too

[@geraldcronin9700]

3:14 He states that he will enter a trade sometimes going down to a 15 or 5 minute chart with a 30 to 40 pip stop loss and the trades last from 20-30 minutes on average. That sure seems like an awful big move in a very short period of time to get a trade that's even close to 2-1. It would have to move 60-80 pips in 20-30 minutes. Also, if I was in a trade using a 15 or 5 minute entry, I'd know my setup failed way before it went 30-40 pips against me.

[@MindsetMojoHacks]

Hmmm, 10-year-old content... much has changed besides the mental parts.

[@geraldcronin9700]

@@MindsetMojoHacks I've been trading FX since 08 and unless your trading during news events, the average impulsive move during 20 to 30 minutes has been and still is 30 pips, at best, for the usual FX pairs traded. It's simple to check it...just choose any major, use a 30 minute chart and look at the candles going back as far as you can. The 30 minute impulsive candles rarely exceed 30-40 pips, let alone 60-80 you'd need for at least a 1-2 risk/reward. Not to be picky or argumentative, just trying to figure this out. Thanks!

[@ting4fun]

Just compare the statements made in this video and other latest videos, you will get to know the reality...

[@variousmusik4all870]

Great vid, but, if u check his latest trading psichology interview, he was saying: WHY WOULD I WANT TO RISK 1% PER DAY IF I HAVE AN ACCOUNT WITH 10.000£...Here, says that he keps the 1% risk under control.. WTF?🤔🤔🤔 guys, please check it out! Or the video is so old since 20y ago maybe😂😂😂

[@MindsetMojoHacks]

This video is 9-10 years old

[@justineldon6591]

I feel like i just completed a course

[@MindsetMojoHacks]

Actually it is. You just got it for free while many people pays for the same content.

[@donataspilibas314]

Hi Tomas, why are you doing this? why are share your knowledge? overall thank you, but I don't understand the bottom....

[@MindsetMojoHacks]

... and I know to do something for others these days free ... seems to be a no go ... sorry we spend a LOT of our spare time to pay it forward

[@Spinlayer]

Wait, this is weird. Video from 2021, but Tom looks like in his 30's. Tom is talking about strategies and indicators?¿?¿ Mm i suppose this is an older video, ok.. but why recommend now something that he is not using anymore? It got me confused.

[@MindsetMojoHacks]

It is a 10-year-old series. We uploaded on request.

[@thousandlocks3258]

You are my mentor you just didn't know it. Lol

[@MindsetMojoHacks]

Thank you 🙏

[@sarafarkasbelane9854]

TomHa fontos dolgokat nem tudod el érni hogy le legyen fordítva mint ez a beszéd is Lehet hogy nagyon fontos de én nem értek semmit ha nem. Én Bekapcsolom ilyen nincs,,,,Sara,,,

[@sarafarkasbelane9854]

Le fogom kapcsolni ez túl sok nekem ilyen nem fordulhat elő,,.