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These are the 6 x DELTA Rules you need to follow!

These are the 6 x DELTA Rules you need to follow!

Here are the 6 x DELTA Rules that we use in the LTR!

The DELTA Trade is very popular with our beginner traders and advanced traders alike. Let’s break it down to give you the six rules we use to trade it!

 

Rule 1: Target the market open but not the opening candle. Rule 2: Trade with the trend only. Rule 3: Never trade into pivots. Rule 4: Never assume a close over a pivot. Rule 5: Use a fixed target and a fixed stop. Rule 6: Take the first 1 or 2 trades in your session and then please stop trading.

 

Let’s work through an example from the screen shot below and see the trade featured in the chat log below. The market changed direction quickly on European Open and produced a great series of trades. As the trend changed, the DELTA Indicator started firing as it is designed to do. The DELTA then produced 10 potential winning trades, provided you followed rule 5. A great target on the NASDAQ is 20 tics whish is equal to $100 AUD per contract traded. If your risk control was placed behind each candle that created the DELTA, your target was hit on every trade. There are losing trades at the bottom of the screen shot, and yes, they all broke Rule 4. Please never assume a close over a pivot if you want to be a great trader.      

 

These 6 Rules have now been in place for 12 years so I do not think that they are going to be changing anytime soon. The chat log below is testament to what you can achieve as a great trader and the DELTA Indicator is a very big part of this. Well done traders on another great trading week!!! ** Lachlan Elsworth.

This is a MASSIVE CHAT LOG! Here is our Live Trading Room chat log 13 – 17 July 2020 for the Euro Open Session (5 p.m. Sydney Time).

 

The following text grab is straight out of the Live Trading Room for the European Open with Fred. Please note that there are winning and losing trades in the chat log below. Losing trades are just part of trading so be aware you will get 1 or 2 from time to time. For everyone of you moving forward, slowly or quickly, I am very excited for you! ** Lachlan Elsworth.

 

Live Trading Room European Open Session with Fred and assisted by Lachy!!!

 

Monday 13 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:59 pm) Greg : +4×8 +1×3 es

(05:05 pm) HeatherT -: +21×2 nq sim off delta

(05:07 pm) JohnS -: +100 dax 12815

(05:12 pm) Greg : +4×8 +1×3 es

(05:16 pm) AnneT -: +8 x2 nq sim

(05:16 pm) RemieW -: +10X10 dax B/S delta at 12766

(05:17 pm) JohnM -: +4×2 es

(05:18 pm) Nicki -: +7 x2 mes live, CC

(05:22 pm) RemieW -: +10X10 dax delta at 12795

(05:25 pm) James -: +11 mnq dirty swing

(05:26 pm) AnneS -: +11 +30 dax off 50%  sim

(05:28 pm) TerenceW -: +11  +16 nq sim

(05:32 pm) RemieW -: +10X10 dax delta at12795

(05:35 pm) RemieW -: +10X10 dax delta at 12814

(05:35 pm) JohnS -: +10 dax 12814

(05:53 pm) MaryO -: +10 nq sim

(05:53 pm) ColeA -: +10 x2 nq

(05:53 pm) RemieW -: +10X10 dax a carter classic

(05:54 pm) Greg : +4×8 +1×3 es

(06:00 pm) RemieW -: +10×10 dax delta at 12756

(06:00 pm) SholtoB -: +11 mnq live delta

(06:01 pm) TerenceW -: -27 x2 es

(06:01 pm) JohnM -: +4 +8 es

(06:01 pm) PeterW -: +10 +20 mnq

(06:02 pm) HeatherT -: +11+21+20 mnq

(06:04 pm) RemieW -: +10×10 dax delta at 12743

(06:08 pm) HectorM -: +20 mnq, 55 minutes nail biter, got in at the climatic candle after the open

(06:12 pm) GaryW -: -32 nq operator error. Clicked on the chart by mistake and got picked up by a spike, then it retraced

(06:21 pm) LukeB -: +80 nq for the day. See you tomorrow Fred

(06:22 pm) Kevin W -: +13 mes

(06:26 pm) AshtonS -: +10 nq delta

(06:26 pm) MaryO -: +40 nq swing Sim

 

Tuesday 14 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:01 pm) DarrynB -: +20 nq

(05:01 pm) James -: +21 mnq

(05:01 pm) TerenceW -: +10 +2 nq sim

(05:02 pm) RemieW -: +10X10 dax delta at 12618

(05:02 pm) johnw -: +5×2 +11 nq sim

(05:02 pm) Kelvin M -: +20×6 mnq

(05:02 pm) RemieW -: +10×10 dax step / b  at 12627

(05:03 pm) stephenc -: +11×2 nq sim

(05:01 pm) DarrynB -: +20 nq

(05:01 pm) James -: +21 mnq

(05:01 pm) TerenceW -: +10 +2 nq sim

(05:02 pm) RemieW -: +10X10 dax delta at 12618

(05:02 pm) johnw -: +5×2 +11 nq sim

(05:02 pm) Kelvin M -: +20×6 mnq

(05:02 pm) RemieW -: +10×10 dax step / b  at 12627

(05:03 pm) stephenc -: +11×2 nq sim

(05:09 pm) KoziK -: +10 nq sim

(05:10 pm) AnneS -: +10 dax sim off PP

(05:14 pm) Michael (MJ): +20 nq sim

(05:16 pm) James -: +21 mnq eff

(05:16 pm) Michael (MJ): +50 nq sim

(05:16 pm) PeterW -: +10 +50 nq sim

(05:16 pm) RemieW -: +10X10 dax delta at 12600

(05:16 pm) DC -: +15×4 mnq bias switch

(05:17 pm) Michael (MJ): boom +100 nq sim

(05:17 pm) JeffW -: +11 +22 nq

(05:17 pm) Nicki -: +10×3 mes live, all deltas

(05:17 pm) RemieW -: +10X10 dax delta at 12584

(05:17 pm) MaryO -: +10 nq delta sim

(05:17 pm) Kelvin M -: +63×4 mnq

(05:18 pm) JohnM -: +4 +8 es off 50

(05:18 pm) AnneS -: +11 +41 dax sim step break

(05:20 pm) Lachy : +10 dax delta

(05:21 pm) Nathan B -: +15×2 mnq

(05:21 pm) RemieW -: +10X10 dax delta at 12573

(05:21 pm) Michael (MJ): +10 +50 +40 dax sim

(05:21 pm) PeterW -: +10 +35 nq sim

(05:23 pm) JohnM -: +4 +1 es off 50

(05:24 pm) RemieW -: That’s it 5 for 5 for me Lea 6 for 6 good night thanks Fred

(05:26 pm) TerenceW -: +11 +2 nq live

(05:26 pm) DarrynB -: +20 nq

(05:26 pm) JeffW -: thx Fred   +11 +22 nq rev

(05:26 pm) HectorM -: +20 mnq swing long

(05:26 pm) JimB -: +4 es sim

(05:26 pm) StephanieL -: +11 +21 nq sim

(05:31 pm) stephenc -: +11×2 nq sim

(05:39 pm) TerenceW -: +11 +52 nq live

(05:39 pm) stephenc -: +11×2 nq sim delta

(05:39 pm) GaryW -: +10×2 +20×2 mnq

(05:40 pm) ColinC -: +20 mnq sim

(05:40 pm) RemieW -: love Deltas  Boom +50X10 dax delta at 12564

(05:40 pm) PeterW -: +10 +96 nq sim

(05:40 pm) KoziK -: +10×5 mnq sim

(05:41 pm) MaryO -: +10 nq delta sim- ages ago

(05:42 pm) Kevin W -: +10  +20 x2 mes

(05:42 pm) AnneS -: +11 +41 dax sim step break

(05:42 pm) TerryOK -: +18 es step break short

(05:42 pm) DC -: +15×4 +25×4 mnq

(05:44 pm) AshtonS -: +10 nq reversal

(05:44 pm) StephanieL -:  +11 +21 mnq rev gap

(05:45 pm) TerenceW -: +21×2 nq sIm

(05:45 pm) ColeA -: +10×2 nq reversal

(05:46 pm) JimB -: +10 nq sim

(05:46 pm) JeffW -: done thx Fred +11+22 nq rev night all

(05:46 pm) AnneS -: +11 +41 dax sim off open

(05:50 pm) johnw -: +5×3 long +5×2 +11 x1 short nq sim

(05:52 pm) johnw -: +5×2 +11 nq sim short into the gap

(06:02 pm) AnneS -: +40×2 dax sim 15 doji off open

(06:02 pm) TerenceW -: +11 +16 nq sim

(06:06 pm) MaryO -: +10 nq sim

(06:08 pm) stephenc -: +11×2 +22×2 +33×2 nq sim kw special

(06:08 pm) ColinC -: +11 +21×2 mnq sim

(06:10 pm) Kevin W -: +9 x2 mes

(06:12 pm) Michael (MJ): +20 dax sim

 

Wednesday 15 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:46 pm) Greg : +4×8 +4×3 es

(05:03 pm) Nicki -: +5 x2 mes live, delta

(05:06 pm) KoziK -: +10 nq sim

(05:06 pm) ColeA -: +10×2 nq

(05:06 pm) RemieW -: +10X10 dax delta at 12809

(05:07 pm) MaryO -: +10 nq sim

(05:07 pm) James -: +11 nq sim

(05:07 pm) TerenceW -: +11 +41 nq live

(05:08 pm) MaryO -: +10 nq delta sim

(05:11 pm) PeterW -: +10 +20 nq sim delta at base of reject

(05:12 pm) James -: +10 nq sim rev of 50

(05:14 pm) AnneS -: +10 dax sim off YH

(05:15 pm) Nicki -: +10×2 mes live, rev off 161 fe

(05:16 pm) JohnM -: +4×2 es

(05:17 pm) JeffW -: +11 +33 nq rev

(05:18 pm) JohnS -: +20 dax off 12800

(05:20 pm) JohnD -: +4 es

(05:20 pm) JohnD -: +10 nq

(05:21 pm) JimB -: +10 nq sim

(05:31 pm) RemieW -: +10X10 dax delta at 12803

(05:31 pm) AndrewH -: +2×2 mes off 76 fib

(05:37 pm) RemieW -: Loss -20×10 dax delta at 12811

(05:46 pm) MaryO -: +10 nq delta sim

(05:46 pm) JohnD -: +10 nq

(05:46 pm) JohnS -: +40 dax off YH

(05:46 pm) NikolayV -: +10 nq sim

(05:54 pm) StephenF -: HI fred lachy  MJ Greg +30 gc live

(05:54 pm) Lachy : Gold Finger!

(06:12 pm) MaryO -: +20 nq delta sim

(06:12 pm) ColeA -: +10×2 nq

(06:12 pm) stephenc -: +11 nq sim

(06:12 pm) PeterW -: +10 +20 nq sim

(06:17 pm) RemieW -: +10X10 dax delta at 12800

(06:29 pm) Greg : +10 +2 dax sim

 

Thursday 16 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:00 pm) RemieW -: Loss -20X10 dax delta at 12823

(05:01 pm) KoziK -: +10×2 mnq

(05:01 pm) AndrewO -: +11 nq sim

(05:02 pm) Michael (MJ): +20 +2 dax sim

(05:02 pm) Lachy :  +10 dax delta finished for the day thanks Fred

(05:02 pm) James -: +43 nq sim  +11mnq live

(05:02 pm) RemieW -: +10X10 dax delta at 12822

(05:02 pm) Nicki -: +5×2 mes live, off the 161 fe

(05:06 pm) AnneS -: +11 +1 dax rev off open sim

(05:07 pm) JohnM -: +4×2 es off 4hr 76

(05:08 pm) AshtonS -: got my +10 mnq live just for my non active fee lol

(05:22 pm) RemieW -: +10X10 dax step/b

(05:23 pm) RemieW -: +10X10 dax delta at 12876

(05:23 pm) JeffW -: +11 -8 nq step

(05:28 pm) ColeA -: -51 nq

(05:29 pm) MaryO -: +10 nq sim

(05:29 pm) james -:   +10 mnq

(05:29 pm) RemieW -: +10×10 dax delta at 12840

(05:30 pm) RemieW -: +10×10 dax delta at 12829

(05:31 pm) Kelvin M -: +13 nq sim

(05:35 pm) AndrewH -: +4 es sim (finished live trading earlier today)

(05:36 pm) JohnM -: +4×2 es

(05:49 pm) Kevin W -: +5 mes

(05:49 pm) JeffW -: +23 nq

(05:50 pm) Nicki -: +5 x2 mes live, off the 76

(05:50 pm) IvanM -: Hey Fred, I actually scored +10 nq of that fast moving candle on the delta.

(05:59 pm) MaryO -: +10 nq sim

(06:00 pm) KoziK -: +10 nq sim

(06:00 pm) HeatherT -: +11 nq sim

(06:01 pm) RemieW -: +10X10 dax delta at 12805

(06:10 pm) MaryO -: +10 nq sim

(06:10 pm) KoziK -: +10 nq sim

(06:11 pm) stephenc -: +11 nq sim

(06:11 pm) HeatherT -: +11 nq sim

(06:11 pm) IvanM -: +2 mnq

(06:11 pm) DarrynB -: +12 nq

(06:13 pm) HectorM -: +20×2 mnq

(06:14 pm) MaryO -: +10 nq sim

(06:15 pm) stephenc -: +11 nq sim

(06:15 pm) RobertM -: +21mnq sim short

(06:18 pm) Nicki -: +5 x2 mes live, delta

(06:21 pm) AshtonS -: +10×2 nq think i just  got lucky there lol

(06:22 pm) JohnM -: +4×2 es off s1

(06:23 pm) StephenF -: Hi Fred & crew  +30 gc live

(06:23 pm) DarrynB -: +5 es off S1

(06:25 pm) AndrewH -: +4 es sim off S1

(06:25 pm) AshtonS -: 18 winning sim trades since i started. no losses yet but waiting for the first one to bite me from behind lol

(06:30 pm) IvanM -: +10 mnq

(06:30 pm) RobertM -: +21 mnq sim

(06:32 pm) RobertM -: +21mnq sim short

(06:34 pm) HeatherT -: +11 nq sim

(06:35 pm) Greg : +4×8 +16×3 es

(06:36 pm) TerenceW -: +61 +62 nq

(06:41 pm) HeatherT -: +11 nq sim

(06:42 pm) IvanM -: +20 mnq

 

Friday 17 July 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:04 pm) RemieW -: +10X10 dax delta at 12911

(05:10 pm) Nicki -: +5 x2 mes live, off the YA

(05:15 pm) MaryO -: +10 nq sim

(05:16 pm) AnneS -: +10 dax off TH  +10 dax off gap sim. done for the week, thanks Fred, h

(05:18 pm) RemieW -: +10X10 dax delta at 12915

(05:18 pm) ErolA -: +10 nq sim

(05:18 pm) MaryO -: +10 nq sim

(05:27 pm) Lachy : Akito got +10 nq live on the efficient bar (NQ Sniper).

(05:31 pm) RemieW -: +10X10 dax delta at 12898

(05:45 pm) RobertM -: +21×2 mnq sim short

(05:48 pm) RemieW -: +10X10 dax delta at 12889

(05:49 pm) Lachy : +10 dax ec

(05:51 pm) JohnM -: +4×2 es

(05:51 pm) AndrewH -: +3×2 mes

(05:56 pm) HectorM -: +20×2 mnq

(05:56 pm) PeterW -: +10 +20 nq

(05:57 pm) TerenceW -: +11×2 +2×2 nq sim

(05:57 pm) ColinC -: +11 +15 +21 mnq sim

(05:58 pm) RobertM -: +21×2 mnq sim short

(05:58 pm) RemieW -: +10X10 dax delta at 12872 fdax  Tx Fred awesome job have a great weekend

(05:59 pm) ErolA -: +10 nq short delta

(05:59 pm) IvanM -: +20 mnq

(05:59 pm) Kelvin M -: +10 nq

(06:01 pm) JimB -: +4 es sim

(06:01 pm) JohnM -: +4×2 es off gap

(06:01 pm) VadimS -: +11 +15 +21 mnq sim

(06:02 pm) JeffW -: +11+22 nq rev

(06:06 pm) AndrewH -: +4×2 es

(06:12 pm) AshtonS -: +10 nq delta

(06:14 pm) TerenceW -: +4X2 +16X2 nq live

(06:15 pm) HeatherT -: +11 nq sim

(06:18 pm) HeatherT -: +11 nq sim delta

(06:18 pm) RobertM -: +21 +52mnq sim long

(06:20 pm) PeterW -: +10 +20 nq

(06:20 pm) HeatherT -: +11 nq sim delta

(06:21 pm) ColinC -: +11 +36×2 mnq sim

(06:21 pm) TonyN -: +70 nq from the earliest delta you called thanks Fred

 

Well done Traders!!! Let’s keep trading the volatility using one of the best ‘Learn to Trade’ environments I have ever seen!

 

Lachlan Elsworth – Lead Moderator.

To me, the Live Trading Room chat log represents one of the only true measures of the credibility of a trading strategy. Why? Simply put, there is no where to hide in a Live Trading Room. For years I have had the privilege of teaching people how to trade the markets really well and my journey continues into 2020. Once again, the chat log above is proof that trading does work, if you approach the right markets, at the right time, with the right strategy and a great team to help you along the way! Well done all! Lachlan Elsworth 

If you are not in the LTR and want to find out more about the IDTA Philosophy and Strategies then please watch our a FREE 90 Minute “On Demand” webinar here. Click here to get started!

 

Lachlan Elsworth and the IDTA Team!

 

Past Performance Customer Caution Notice.** Please note that our member posted results are not independently verified by IDTA, nor can the results be used as an indication of the past performance or the future performance of the strategy. All results must hence be considered hypothetical in nature. IDTA has over 1000 clients in 20 countries and to verify every result posted into the Live Trading Room, on a daily basis, would be an impossible task. Trading days that do not result in a trade being called in the Live Trading Room will be commented on accordingly.