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c o p y r i g h t © 2 0 1 5 V i p e r T r a d i n g S y s t e m s L . L . C . P a g e | 1

Trading Manual v3 Updated: Jan 23, 2015 Copyright © 2015 Viper Trading Systems L.L.C.



The viewing and use of the content contained herein, including, but not limited to, all Webinars, videos, training

videos, and instructional manuals are for the exclusive, personal use of the subscriber, and therefore they may

not be copied, reproduced, distributed, or otherwise made available to other persons or third parties.

DISCLAIMER

Important Notice - Risk Disclaimer

Notice/Warning: This notice cannot and does not disclose or explain all of the risks and other

significant aspects involved in trading FUTURES, but you should particularly note the following:

Under margin trading conditions even small market movements may have great impact on the

customer's trading account. You must consider that if the market moves against you, you may

sustain a total loss greater than the funds deposited. You are responsible for all the risks and

financial resources you use and for the chosen trading system. It is important that you should not

engage in trading unless you understand the nature of the transaction you are entering into and,

the true extent of the exposure to the risk of loss. Nothing contained in this Trading Manual is to

be construed as investment or trading advice.

This Trading Manual may not be suitable for all investors; therefore if you do not fully understand

the risks involved, you must seek independent advice. All trading strategies are to be used at your

own risk. Viper Trading Systems cannot be held responsible for any losses incurred as a result of

using any of our trading strategies/software. Any trading software should never be left unattended

due to many variables outside of your control such as computer or data failure, power outages,

position mismatches, network problems, etc. Past performance is no guarantee of future returns.

This trading system should not be relied upon as advice or construed as a recommendation of

any kind. It is your responsibility to confirm and decide which trades to take. You trade at your

own sole discretion and at your own risk.

Commodity Futures Trading Commission (CFTC) Rule 4.41

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. ONE OF THE LIMITATIONS OF

HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE

BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK,

AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF

FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO

ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS

WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER

FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC

TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF



HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING

RESULTS. THESE PERFORMANCE TABLES AND RESULTS ARE HYPOTHETICAL IN NATURE AND DO NOT

REPRESENT TRADING IN ACTUAL ACCOUNTS.

Table of Contents

Getting Started With Viper

Introduction

I. Risk Management and Instrument Selection

II. Trend Identification

A. Examples of Non-Trending Markets

B. Trend Changes

C. Up-trends

D. Downtrends

III. Basic Trade Set-ups

A. Breakout Trades

B. Regular Bar Retracement Trades

C. Yellow Bar and Mid-band Retracement Trades

IV. Advanced Trade Types A. Deep Retracement Trade Retracement Trades B. Advanced Trend Change Recognition C. Mid-band Trades D. Viper Lightning 1, 2, 3 E. Phantom Trades F. Region Trades G. Trend Line Trades



H. Draw On Those Charts I. Viper Apriori Swing MTF J. Kiss Trades K. Viper Trading Room Chart Setup

V. Explanation Of All Indicators A. Breakout Background Stealth Transition B. Breakout Bar Color C. Breakout Identified Swings D. Breakout Stealth Trend E. Breakout Swing Hi Lo F. Breakout Toolbar G. Breakout Trailing Stops H. Breakout Trend I. Viper Apriori MTF J. Viper Lightning 1,2 and 3 K. Viper Time Regions L. Viper Guidance Lines and Vip Dynamic Trend M. Putting It All Together



Introduction

This trading manual is intended to be a go-to reference for anyone looking to trade the

Futures and Forex markets with the Viper Trading System packages.

In the first section of this manual, we review two very important topics which are the starting

points for all traders who wish to trade the Futures market; namely, risk management and

instrument selection. This is where the trader should start.

The second section of the manual is dedicated to a subject that all traders must develop a

strong expertise to be successful and that is Trend Identification. This topic is the foundation

for all successful trading and provides the road map for all of the trades that you will decide

to take in any given trading session.

In the third section of the manual, we discuss the basic trade set-ups; the Breakout Trade and

the Retracement Trades. Mastering these basic trade set-ups is the next critical step in your

trading development.

The fourth section of this Trading Manual covers the various advanced trade set-ups which

present themselves in the market and may require some time to learn and master. A word of

caution as you learn these trade set-ups, please remember to trade in simulation mode until

you are comfortable putting your live trading capital at risk.

The fifth section of this Trading Manual covers the indicators used in every day trading. You

will want to familiarize yourself with these.

Getting Started With Viper

If you have the Viper Professional package with Object Trader EXT, you will have a little

different charts than the Viper Trading Room setup. You will use the Viper Guidance Lines

indicator instead of Vip Dynamic Trend which is in the Viper Platinum package. Below you

will find two charts. The first chart is the one exactly like we use in the Viper Trading Room



with the Vip Dynamic Trend and the second chart is with the Viper Guidance Lines instead of

Vip Dynamic Trend.

If you would like to upgrade your basic package, you can add the Viper Bolt On package for

$99 extra per month which only includes the Vip Dynamic Trend and the Vip6 Band-aid or you

can add the entire Viper Platinum package for $199 extra per month. We use the

combination package in the trading room. Contact Linda at

[email protected] to add on packages.

I. Risk Management and Instrument Selection

Clearly Identify and Manage your Risk

What is risk...? Risk = Loss

There are two types of trading risk:

Max Daily Loss Risk= The maximum amount of money you are willing to lose in any given day

Trade Risk = The amount of money you are willing to lose on any given



trade

Calculate your Maximum Daily Risk A good rule of thumb for calculating your maximum daily loss risk is that it should never lose more than 3 – 3.5 % of you trading account size in any given trading session.

Max Daily Risk Calculation Example

Let's say you have a $10,000 trading account. Multiply that by 3 – 3.5% = $300 - 350. This number represents the total maximum amount of money you should be willing to lose in any given trading day. Once this loss limit is hit - you must respect it and stop trading for that day. Think of it this way, you would need to have 25 to 30 consecutive losing trading days in a row with no winners in between at this max loss number to completely draw-down this trading account. It is highly unlikely that you would actually take a max loss every day for 4 to 6 weeks. Even as you are learning how to trade; however, this is the kind of cushion you need to stay in the game and become a long-term successful trader.

Instrument Selection **** This cannot be emphasized enough…! The selection of the Futures Instrument which you trade is as critical to your success in trading as much as all of the rest of the content of this manual *****

Each Futures instrument has its own movement and price action profile. Just like finding a good partner, friend or mate; careful attention should be paid to understanding each Instrument’s ‘trading personality’. After experimenting with several different Futures Instruments, try to narrow the candidates down to one or two.



Also, no matter what stage you are in with regard to your trading skill-sets, most traders should not track and/or trade more than three Instruments in any given trading session. All trading includes some losses, you should allow yourself the ability to take at least 2 or 3 losing trades per day to reach your max loss and stop trading. DO NOT place all of your maximum daily risk on one trade - this is not proper trade risk management.

Futures Instrument Selection and Trade Risk - Assume your maximum daily risk is $300 to $350 per day. - Divide max daily risk by 3 = $100 - $125 = Maximum trade loss risk per trade. Most initial stop loss orders are 10 to 15 ticks. To determine which futures instruments to trade, multiply this number by the tick value of the instrument you are interested in trading: NQ, YM and DX are $5 per tick X 10 to 15 ticks = $50 - $75 This is the amount of money you are willing to risk per trade or Trade Risk. Multiply this by 3 = $150 to $225 – If this is equal to or less than your maximum Daily Risk – then you should trade these Futures Instruments TF, EMD and CL are $10 per tick X 10 to 15 ticks = $100 - $150 Multiply this by 3 = $300 to $450 – If this is equal to or less than your maximum Daily Risk – then you should trade these Futures Instruments

Calculate your Daily Profit Goal

A good rule for calculating your daily profit goal is to double your maximum daily loss numbers.

Daily Profit Goal Calculation Example

Assume your max daily loss numbers are $300 - $350.



Multiply this number by 2 $300 - $350 X 2 = $600 - $700

This number represents your profit goal for the day.

When your profit goal is reached you should stop trading.

This will help you avoid over-trading and avoid losses.

II. Trend Identification

A. Examples of Non-Trending Markets

The way to spot a non-trending market is to observe the following

items in the market:

- Swing high levels are about equal

- Swing lows levels are also about the same

- The market has a flat or sideways appearance

- Cannot draw an uptrend or downtrend line

- A non-trending market can be consolidation after a large move up

or down

********** CAUTION - IMPORTANT NOTE **********

Most traders should NOT trade non-trending markets. Trading

choppy, range-bound markets improperly can result in many losses

and a negative impact on your account; as well as your trading

psychology. If you wish to try trading ‘the chop’, please do so only

on a simulated account. If you find that you have developed the

skills to successfully trade choppy markets, then, and only then,

should you consider trading your live account. If you decide to

trade choppy markets, please follow the recommendations below.



- In a non trending market, you will want to be very careful with any

breakout type trading. You will want to employ retracement

trading with Mid-band, Yellow Bar Retracements, Lightning and

Deep Retracements, as well as Trend-Line trades with Money

Shade or Object Trader EXT. You will also want to watch the

support and resistance areas for potential trades. Be sure there is

enough reward from swing to swing in this type of trading. We

recommend trading sideways markets only if the consolidation is

large enough to trade. You would want at least a 25 to 30 tick

consolidation area to trade chop.

Below please find additional examples of non trending, range-bound

or sideways markets



- A ‘head fake’ occurs when a market just slightly breaks a support or

resistance level and then retraces right back into the trading range.

-

- When you see this type of action, you will want to go to the advanced

section for yellow bar and deep Retracement setups, as well as the Lightning

Trades, Retracement Trade, Inside Region and Trend-Line Trades. Anytime

you see a breakout trade in this type of market: run for the hills. Those are

amateur trades and should not be taken. As you can clearly see on the

charts below, there were and always will be plenty of opportunity to take

those great Retracement type trades we teach every day, and in every

webinar.

As you can see, there are great opportunities here for our Retracement type

trades. Such as Yellow Bar Retracement Trades, Mid-Band Trades, Inside Region

Trades, Lightning and Trend-Line entries, Support and Resistance Trades. See

the chart above for great entries with Viper.



Futures markets alternate between periods of tradability and periods when

they should not be traded. Developing the skills to quickly determine whether

an instrument is tradable is critical to your success.

If you are watching three or more futures instruments, there is normally a trade

set-up occurring at any given time on any instrument. Often, there are excellent

opportunities to trade the markets. If you are a trend trader, then you will need

to wait for a trend to develop. In particular, you will need to wait patiently for

retracement trades in the direction of the trend, watching stops closely, and

swings for taking profits.

Viper designed Object Trader EXT to take the consolidation type trades. You

can use the Ray Tool and get in on touches of support or resistance or a

breakout of the ray. You can also box in a consolidation area and use the inside

trade on Object Trader EXT. Check out the training page for further details.

Click Here

B. Trend Changes and Consolidation

At any given point in time, financial markets exhibit three types of price action:

Up, Down or Sideways.

A trend change occurs when a market was trending reverses trend direction

from Up to Down or vice versa, or changes from trending to a Sideways market.

Another powerful trade that occurs when trend changes occur are the

Consolidation Areas. In this case use the Object Trader Region with an Outside

Close. If you happen to be trading a larger bar chart you can choose a Touch

Plus outside the region. Be careful with small touches above or below a region.

http://www.vipertradingsystems.com/Training/ViperProOTTraining.html



The above is an example of both consolidation and a trend change from down

to up. Engulf the consolidation using the region tool of Object Trader EXT.



The above is an example of NQ changing from sideways to an uptrend. Trade

entries are taken on pull-backs into support.



The above is an example of a trend reversal from up to down. After YM rolled

over at resistance and broke support the trend change is confirmed. From that

point forward, trade entries are selling short on retracements into resistance

areas.



The above is an example of CL rolling over from a lower high, then taking out

support, thus confirming the trend change from up to down. Afterward, there

was a nice retracement back into resistance and a consolidation area. This is a

textbook example of boxing in consolidation using the region tool in OBJECT

TRADER EXT and taking the short on the breakdown out of the bottom of the

region.

The two charts below show similar price action.



C. Up Trending Market

D. Down Trending Markets

A downtrend is the opposite of an uptrend in that it resembles a set of stairs

going downward from one floor to another.

With the beginning of any Down Trend, a thrust in the down direction will first

happen as you can see occurred in the upper left hand side of the chart to a

lower low.

After this intial thrust down the market will retrace and find a lower level of

resistance which is below the previous level of support. For the Down Trend to

remain intact, each subsequent thrust down must be to a ‘lower low’ and each

subsequent retracement back up must be to a ‘lower high’. This price action will

continue until the trend reverses or the market consolidates in a sideways

manner.



The trader is looking to only take short trades in a downtrend.

III. Basic Trade Set-Ups

A. Breakout Trade

A long Breakout Trade occurs after the market has gone through a long period

of consolidaton between support and resistance then ‘breaks out’ through

resistance. In this type of trade, the Buy trade occurs when the market takes out

the upper level of resistance to the upside as shown on the chart below. The

initial stop is placed at the Stop Dots, a Minor Swing or generally at or near the

lower level of support. It is best to be very cautious with break out trades as

most will be head fakes. Wait for the thrust and the pullback into support.



B. Regular (Retracement) Trades

We watch for a Retracement Trade in the direction of the trend. This is when

the market is trending up or down. After a thrust in the trend direction the

market begins to ‘retrace’ in the opposite direction to find a higher level of

support in an Up Trend, or a lower level of resistance in a Down Trend. The best

way to gauge when the retracement is nearing the end, and the trend is about

to resume, is the 45 degree angle retracement line is breached triggering the

trade.

Regular Bar Retracement Trade Long

A key charactaristic of a Regular Bar Retracement Trade long is that the bar

color remains the same as the trend – blue for an uptrend.

In the case of the long trade, the retracement line is broken to the upside

triggering the Buy Trade as you can see in the chart below. The intial stop is



placed at or near the stop dot below the entry. If you can see a clear way to

draw a Trend-Line, use the Object Trader EXT Ray Tool to take the trade. If the

market is mostly moving sideways in a tight ‘consolidation patch’, use Object

Trader EXT region to take the trade. See the chart below.

Regular Bar Retracement Trade Short

A key characteristic of a Regular Bar Retracement short trade is that the bar

color remains the same as the trend – red for short.

In the case of the short trade, the retracement line is broken to the downside

triggering the Sell Trade as you can see in the chart below. The intial stop is

placed at or near the stop dots above the entry. If you can see a clear way to



draw a Trend-Line, use the Object Trader EXT Ray Tool to take the trade. If the

market is mostly moving sideways in a tight ‘consolidation patch’, use Object

Trader EXT region to take the trade. See the chart below.

C. Yellow Bar Retracement Trades

One of the main characteristics of a Yellow Bar Retracement Trade is that the

‘retracement’ is much deeper than the Regular Bar Retracement Trade. When

this happens the bars turn yellow. When drawing the 45 degree retracement

line be careful not to draw it too tight or too loose as to follow the price action.

This could cause an early or late entry. Allow the market to complete it’s

retracement and then resume the trend direction. An agressive way to take this

trade is to watch for clear levels of support or resistance to take the trade

earlier with a tight stop.



Yellow Bar Retracement Trade Long

In the case of the Yellow Bar Retracement Long, the retracement bars will

intially be blue as is the color of the bars in the direction of the Up Trend. You

will notice as certain levels of support are broken, the bars turn yellow. Look

for the retracement line to be broken to the upside triggering the Buy Trade as

you can see in the chart below. The intial stop is placed at or near the stop dot

below the entry or below a minor swing with Viper Lightning. You will also

want to look for the support around the Mid-Band of Vip Dynamic Trend or

Viper Guidances Lines. Sometimes the market will come just shy of the Mid-

Band and sometimes it will go through it by a few ticks. Be sure to look to the

left for support and resistance areas with Viper Lightning swings and the longer

range Viper Apriori MTF.



Yellow Bar Retracement Trade Short

When looking for a Yellow Bar Retracement Trade Short, the retracement bars

will initially be red as is the color of the bars in the direction of the Down Trend.

You will notice as certain resistance levels are broken that is when the bars turn

yellow.

Look for two things to occur to trigger the short trade: the retracement line is

broken to the downside triggering the Sell Trade and generally speaking, this

event also happens at or near a previous resistance level. The intial stop is

placed above the stop dots located above the short entry. You will also want to

look for the support around the Mid-Band of Vip Dynamic Trend or Viper

Guidances Lines. Sometimes the market will come just shy of the Mid-Band and

sometimes it will go through it by a few ticks. Be sure to look to the left for

‘support and resistance’ areas with Viper Lightning Swings and the longer range

Viper Apriori MTF.



IV. Advanced Trade Types

TIMES TO TRADE RETRACEMENTS

Not every ‘window of time’ lends itself to trade Retracements. The preferred

times to trade Retracements are 15 minutes after any High Energy Time, 30

Minutes after any major report, and 45 minutes after the pit session in the

Equities has elapsed. Of Course you can trade Retracement Trades before these

times, but we have found that the higher percentage profitable trade is after

these initial ‘windows of time’ have elapsed. Also, after a series of Yellow Bar

Retracements( usually 3 or more) it is usually best to wait for a Deep Bar

Retracement to re-enter the market. After the first or second Retracement

Trade you may want to use Trend-Lines, Lightning and Region Trades with

Object Trader EXT.

A. Deep Bar Retracement Trades

Deep Retracement Long Trade

The next trade type is the Deep Bar Retracement Long. It is a little more

aggressive trade because the retracement is much deeper and could possibly be

a trend change. Please refer to the page for explanation of the identification of

a trend change to verify your trade. We are using the Guidance Dots, Viper

Guidance Lines or Vip Dynamic Trend to stay on the right side of the trade. If

you can clearly see the medium swings are getting higher lows as in the chart

example below you will want to take the Retracement Long Trade.



Deep Bar Retracement Short

The next trade type is the Deep Bar Retracement Short. It is a little more

aggressive trade because the retracement is much deeper and could possibly be

a trend change. Please refer to the page for explanation of the identification of

a trend change to verify your trade. The aggressive entry is to watch the blue

bar and when you get a bar closing lower than the previous bar by one tick you

enter the trade. The Lightning Entry is when you draw the Micro Swings

(Lightning Bolt) on the chart and when a swing is broken to the downside the

entry is made short. The Trend-Line break is when you take the trade on the

close of a bar below the trend-line. We normally use a 12 tick initial stop, but

you will want to look at your chart and see if the swing to the left is taken out

by a few ticks, that could be a stop.



B. Advanced Trend Change Recognition

Trend Change

Recognizing a trend change is easy with Viper. You will want to watch as the

trend starts to take out ‘trend lines’. Examples in the charts below will make

this very clear. Getting in as quick as you can on a trend change can maximize

your profits. You will want to watch the ‘medium swings’ for the trend change.

If you were getting Lower Highs and Lower Lows and the chart was short, and

then the chart starts getting Higher Highs and Higher lows, you are in for a

potential trend change. Please look at the examples below. These charts

happen every single day and once you can recognize them you will be a master

trader.



Trend Change Short



Trend Change Long

C. Mid-Band Trades

This is a very easy trade to recognize. You are looking for the trend to change

from down to up or up to down. You also want to make sure the trade is

making a ‘ratchet’ up for a long and a ‘ratchet’ down for a short. Be careful

taking Mid-Band trades if the direction is not clear yet. You will be looking for

the first retracement into the Mid-Band after the ‘ratchet’. This can be seen on

Vip Dynamic Trend or Viper Guidance Lines. There are charts below showing

the trade setups. You can use Object Trader EXT or Money Shade to enter the

trade. You can box in a trade, use the ray, bar close or a number of other ways

to enter the trade. Your initial stop is usually 12 to 15 ticks and you are going to

adjust that up or down a little with the minor swings.



D. Viper Lightning 1, 2 and 3

Viper Lightning is a unique indicator to draw the swings on your chart in real

time. We like to look at the very minor swings called Viper Lightning 1 and

Viper Lightning 2. We look at the larger swings with Viper Lightning 3. Viper

Lightning has a hot key for each of the three indicators. The hot key for Viper

Lightning 1 is the Alt key. To get a Viper Lightning 1, you would left click on your

chart at a minor swing while holding down the Alt key. The Viper Lightning 2 is



the Shift key and works just like Lightning 1. Viper Lightning 3 uses the Control

key and also works the same. You would hold the hot key and click again to

remove the Viper Lightning from your chart. At this time, Object Trader EXT

also uses the Control key for the trailing stops. If you use Viper Lightning 3 and

Object Trader EXT together you will need to click the Control key again to

remove the trail stops on Object Trader EXT. Below you will find the parameter

settings used on each of these indicators in the Viper Trading Room.

Hot Keys:

Viper Lightning 1 – Alt

Viper Lightning 2 – Shift

Viper Lightning 3 – Control



Viper Lightning Short



Viper Lightning Long

E. Phantom Trade

When making the Phantom Trade you are looking for the trade in the chart

below to continue in a downward move because the Vip Dynamic Trend and

Viper Guidance Lines are still short. It is very important to look at the swings to

the left and make sure you are not in a Trend Change, but are still headed down

with lower highs and lower lows. The best phantom trade is watching for a

change from down to up or up to down. You are looking for the first time into



the phantom zone on the chart. The phantom long is the magenta shaded area

on Vip Dynamic Trend, and the phantom short would be at the green shaded

area on the chart. The chart below explains the entry and exit on this trade. As

usual, I would put a stop above the phantom area by a few ticks, but the

confirmation bar heading down should give the trade we are looking for. You

will be looking to the left on the chart for support areas and see if those hold or

continue to the downside. You can use the Trend-Line exit, or you can draw the

Lightning on the chart and exit. This trade is not for everyone because at the

time Vip Dynamic Trend Phantom is tested there is a very good possibility of a

trend change. Be sure to refer to the pages on Trend Change Recognition if you

are unsure of the trade.

Phantom Short Trade



Phantom Long Trade

F. Viper Time Region or Band-Aid Trade

The Region Trade is a trade we teach in the Viper Webinars and the simplest way to explain it is to watch for a special time such as High Energy Times, pit opens, news events and have the auto Band-aid or Viper Time Regions set at the time you would like. In the chart example below we have chosen one minute before the CL pit open to draw our region. We analyze the chart to make sure we are in the proper direction of the trend. This trade was called live in our Viper Trading Room on Friday, Jan 23rd, 2015. If you are not familiar with this type of trade be sure to visit the subscriber link by clicking here. Our webinars every week cover this particular trade type.

We have introduced a new indicator to help draw those Regions on your charts

automatically. The indicator is called Viper Time Regions and has entries for the

http://www.vipertradingsystems.com/Subscribers.html



start time for your Region, along with the amount of ticks for an offset. The

default is 4 and that is the same as we use in the room. Feel free to try some

other settings. Once the Viper Time Regions time parameters and your

preferred settings are set the Viper Time Regions will automatically start

drawing the box at the entered time. Remember to always reset your Regions

for the next day. We usually set ours for the day, save the template, then load

it on all charts pertaining to that group. Below the chart is a screen shot of the

open parameters for Viper Time Regions. Remember to set the times for your

time zone. Once the Viper Time Region is drawn use Object Trader EXT to box in

the trade.



G. Trend-Line Trade

A Trend Line trade can be a very good trade. We recommend drawing a good

Trend Line along the highs of the swings for a potential long trade and below

the swings for a potential short trade. You will want to be very aware of the

trend direction, but when a market has been moving for a long time in one

direction or another there is a very good chance for a great Trend Line trade.

Below are some examples of trend-line trades. We have found most times you

will want to break the Trend Line and get a thrust then a ‘pull back’ to take the

trade. Be sure to use a Trend-Line to watch for Trend Changes, exits on tighter

stops on trades, and for great entries. We designed a very special tool called

Object Trader EXT, which you can use the Ray Tool to draw the Trend Lines. Be

sure to check out the training page on Object Trader EXT. Click Here

http://www.vipertradingsystems.com/Training/ViperProOTTraining.html



Trend-Line Short Trade



H. Draw on Those Charts

I. Viper Apriori Swings MTF

Be sure to use this indicator as it will show the swings occurring on a larger tick

based chart. In the Viper Trading Room we like to use the 12 Range chart for

our guidance so you would simply set this indicator to 12 Range and a swing

strength of 3 or 5. This will draw a dot at a 12 Range swing as well as the price.



See the chart below for the Viper Apriori MTF swings. See below for the

indicator setting used in the Viper Trading Room



J. Kiss Trades on Trend Lines and Swings

This is still one of Viper's favorite type of trade. Watch for the ‘kiss trade’ as in

the chart examples below. We left this on the old Viper charts because you can

still see the trades. Be sure to study the chart below to see the trade setups.



K. Viper Trading Room Chart Setup

We are asked many times what is the chart setup used in the Viper Professional

Trading Room. Below you will find the setups for both the Viper Professional

with Viper Platinum You will also find the setting for the basic package which

includes the Viper Guidance Lines. Below you will find the exact parameters

used. If you put the indicators on your chart exactly as shown you will have the

same chart setup. If you do not have the Platinum package please look at the

second setup which contains the Viper Guidance Lines instead of Vip Dynamic

Trend.



V. Short Explanation of All Indicators A. Breakout Background Stealth Transition



B. Breakout Bar Color



C. Breakout Identified Swings

D. Breakout Stealth Trend



E. Breakout Swing Hi Lo

F. Breakout Toolbar



G. Breakout Trailing Stops

H. Breakout Trend



I. Viper Apriori MTF

J. Viper Lightning 1,2 and 3



K. Viper Time Regions



L. Viper Guidance Lines and Vip Dynamic Trend



M. Putting It All Together to Trade the Charts Below Chart Used in the Viper Pro Trading Room



Chart Used With the Basic Package

This trading manual was written with you, the trader, in mind to keep you on

the right side of the markets. Please study each page and our webinars until

you can see these trades in your sleep. Remember to come to every live trading

room, study those recorded webinars, and be sure to come to the live webinars

too. We have found our most successful traders do not need anyone to call a

trade! They are watching for these great setups and they are very profitable

traders. Our trading rooms will continue to call every trade like these we see

and draw on the charts ahead of time so you can take advantage of the best

trading system available. Once you see these trades and draw them on your

charts you can make a very good living trading the Futures and Forex markets!



Thank you for being a partner with Viper.

Viper Team;

Gary, Charles, Rich and Linda

Copyright © 2015 Viper Trading Systems L.L.C.

The viewing and use of the content contained herein, including, but not limited to, all Webinars, videos, training

videos, and instructional Manuals are for the exclusive, personal use of the subscriber, and therefore they may

not be copied, reproduced, distributed, or otherwise made available to other persons or third parties.

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