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Short-term Trading the Currency Markets with Three Time Frames
Specs: 34 mins, 58 secs | 16.1 MB
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Trader Kevin (aka 3clipz3 to his trading buddies) is a currency trader who uses a single setup to find all his trades. As a full-time trader, Kevin found a system via friends he connected with in a chat room and made small changes to make it fit his own trading style and personality. Although he freely admits that he's not entirely sure how every aspect of his strategy works, he has become an expert at spotting his primary money-making pattern in several currency pairs. In the interview we discuss the three time frames he monitors, including one that is incredibly short. He talks about how his interaction in the chat room has helped him develop as a trader and why he focuses on several specific candle patterns on short-term charts to help him identify the breakouts and pullbacks that are his bread and butter. He also describes how he finds out if a market is "stalling" and how he plays those situations. Finally, we discuss his stops and profit targets and why he sets them in a specific way.

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Short-term Trading the Currency Markets with Three Time Frames


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thank you very much for joining me for another show this week with a successful trader. We're going to be speaking with Kevin and he goes by the name, 3Clipz3 online and he's going to talk to us about he approaches the markets and ways he finds opportunity. So, Kevin, thank you very much for joining me on the show today.

Kevin - 3Clipz3: Thank you, Tim. It's a pleasure to be here.

TraderInterviews.com: All right, so what kind of trader are you in terms of both time frame and the markets you trade?

Kevin - 3Clipz3: Well, I would say, I'm a high breed of scalping and a little bit of swing trading. I will hold trade typically for maybe three to as much as eight hours. But all my entries are done on the one-minute chart, but I pick opportunities on the one-hour chart. And then I use also the five-second charts to judge momentum and look for stalls.

TraderInterviews.com: So, five seconds. That's really short, much shorter than I probably heard in a while. Talk to me about how you use all three of those combined.

Kevin - 3Clipz3: OK. Well, what I do is essentially people know me as a trader that trades breakouts. But I get in on breakout pullbacks. I also get in on what I like to call false market turns where it looks like the market is going to turn around and maybe everybody is buying and it look probably really crazy to go short if something is tanking, but I'll go short anyways. So, I'll usually take the bluff off the market or the pullback of the market or whatever you want to call it. So, I look at that on the one hour chart. So I usually look for like let's say something is dropping like right now the euro is just tanking and shortly, earlier today the euro-yen was tanking too, and I pulled up and it looks like the market was...

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