Canadian native, Russ Horn, has an amazing trading story – he became a full-time Forex trader, with just basic math, after being owner/operator of a T-shirt printing shop.

With a passion for charts and chart patterns, it took Russ two years to trade profitably. His journey was full of mistakes until he realized he had to focus on himself, not blaming others (the broker, the market, etc…)

In the show Russ shares:

  • What on earth “market equilibrium” means & how to understand it
  • His unique but profitable trading routine
  • Why your stop loss is so important & when Russ moves it
  • How he uses time frames and trend lines to find opportunities
  • A simple moving average crossover, multi time frame strategy
  • Why discipline is the most important ingredient (even when you think it’s not)

Interview

76: Russ Horn on T-Shirt's to Profitable 5 Minute Chart Trading in 2 Years (with not much sleep)
00:00:00 00:00:00

Recommended Book

Trading in the Zone by Mark Douglas

Interview Links

Facebook.com/RussHornForex
ForexEquinox.com – Russ’s Latest Program

Broker & Platform

ThinkMarkets and Metatrader 4

Key Lessons

  • If you have discipline, everything takes care of itself
  • The market has a sense of balance
  • Trade less = risk less = positive attitude towards trading
  • Try to learn – focus on yourself
  • Slow down!
  • Learn the basics: support and resistance, trend lines, chart patterns
  • Chart patterns have 70% success rate
  • You want to understand why you trade
  • Focus on taking fewer trades, but more robust ones
  • Don’t let losses amount to too much
  • Establish a trading ritual

Russ’s Trading

  • Russ trades Forex about three hours a day
  • Trading day starts at 1am with the London session
  • He trades the normal pairs: EURUSD, USDJPY, EURAUD, USDCAD, etc.
  • He focuses only on some pairs and takes between 1-3 trades/session
  • Russ goes for 1:1 or 1:2 risk/reward ratio
  • Trails stops as quick and fast as possible
  • He trades the 5 min chart
  • He loves trend lines

Russ’s Strategy of the Week

  • Use three time frames: 1h, 15 min and 5 min
  • Put the 2EMA and 5EMA on
  • For a long trade, the 2EMA has to be above 5EMA on the hourly chart
  • The 15 min chart should be the same
  • The 5 min chart should be opposite
  • When 2EMA crosses above 5EMA on the 5 min, go long
  • Stop loss at the previous swing
  • Take profit 1:1, 1:2, or some resistance area ahead



Interview Bonus, More Strategies & Robot Offer

Russ left me with a few gems I just HAD to share:

  • We had a chat after the show where he dropped some Magical Words of Wisdom you can listen via the link below
  • I decided to turn his strategy into a fully automated trading robot (Forex EA) – the results will surprise you
  • He has more strategies he’s sharing (for a limited time only – as part of his Forex Equinox launch)

Click Here for the
Interview Bonus, More Strategies & Robot Offer

 

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

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Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.