10 Pips a Day is EASY with this Strategy — Transcript

Full transcript

1. 0:00So many of you are trying to get that 100 pit moves at 50 pit move and
2. 0:06I'm here to tell you that, 10 Pips is all you need.
3. 0:09So, in this video, I'm going to show you how you can get 10 Pips.
4. 0:20Welcome back to the channel, everybody.
5. 0:21My name is already and this is the moving average.
6. 0:24I shall.
7. 0:24We discuss everything day trading to keep you profitable on a
8. 0:27consistent basis.
9. 0:28You guys see how I trade based off of three specific, moving,
10. 0:32averages, the 21, the 50, and the 200 smooth, moving averages.
11. 0:37So whether you're trading with the trend or against the trend, I'm
12. 0:41going to show you how you can identify areas in your trading day where
13. 0:46you can manage to get 10 Pips.
14. 0:47Let's jump into the charts.
15. 0:50That was totally dumb, but I'm going to leave it in there.
16. 0:52So it just a brief recap.
17. 0:53If you guys have not seen that video.
18. 0:55The way that I like to trade is based primarily off of the 200 smooth,
19. 1:00moving averages, if we are above it and we come down to retest, I go
20. 1:04for long positions, if we are below it, and come up to retest, I go
21. 1:08for short positions.
22. 1:09And also if the price is trading between the moving averages, and I
23. 1:14start seeing a slope, I will scalp between the 50 and the 200.
24. 1:18So, again a break,
25. 1:20And a retest going long break and retest going short and scalping in
26. 1:26between moving averages.
27. 1:27These are my three primary sources for my trades.
28. 1:31Now, this is Australian dollar to u.s.
29. 1:33Dollar is got nice price movement and it's my preferred 4X pair to
30. 1:37trade right here.
31. 1:38I've drawn a box.
32. 1:40This box is exactly 10 Pips.
33. 1:43You can see in between these moving averages.
34. 1:45We get 10 Pips and also on brakes and retest we get 10 Pips 10.
35. 1:51Pips is very, very easy to get in the Forex markets.
36. 1:55Also depending on the pair, but very easy to get.
37. 1:58Now, one thing you have to keep in mind is what time do you trade?
38. 2:02Do you trade the London session, or do you trade the New York session?
39. 2:05So using indicators to show you your exact training session.
40. 2:08It not only helps you identify your windows for back-testing, but it
41. 2:12also helps you while you're live.
42. 2:14So, for example, during any one of these trading Windows, the market,
43. 2:19definitely
44. 2:20Move 10 Pips.
45. 2:21Now.
46. 2:21The only question is do you go long or short for that market session?
47. 2:25So let's do a little bit of back testing right here.
48. 2:28This is before the Market opens.
49. 2:30Here is my 10:00 pick window.
50. 2:32The Market's about to open.
51. 2:33We are below the 200.
52. 2:35Moving average.
53. 2:36Asian session was obviously consolidating.
54. 2:38Are you looking for long or short positions?
55. 2:41The market is going to open up right here at 9 a.m.
56. 2:43For me, London session.
57. 2:45So let's fast-forward this chart and see what happens.
58. 2:48Right?
59. 2:48So we've had our break.
60. 2:49And now we've had kind of a retest right here.
61. 2:53And if you guys have followed my videos, you know, I like to trade
62. 2:56engulfing candles.
63. 2:57So this candle in golfed this candle, so this would be my entry point.
64. 3:03And you got your 10 Pips with in 1 hour.
65. 3:06Now, let's fast-forward the charts to the next day and we will see
66. 3:09what the next session has to offer.
67. 3:12All right here, it gets kind of tricky.
68. 3:14We are already very far away from that 200 moving average, but we've
69. 3:18had these big bullish engulfing candles, showing the loss of momentum,
70. 3:22keeping us very far away from the 21 moving average.
71. 3:25Do you have to be patient and wait and there it is.
72. 3:28Opening candle is huge, big and engulfing.
73. 3:32So we take our 10 Pips enter in on the close of that candle and within
74. 3:37one hour we had our take profit of 10 Pips.
75. 3:40Now with this tentative strategy.
76. 3:42I'm not looking for anything more than one to one risk-to-reward
77. 3:45ratio.
78. 3:45So I'm risking 10 tips to get 10 tips because if the price goes back
79. 3:49ten Pips, I know I was wrong on my entry.
80. 3:52And as you can see right here, if this was your stop-loss, you did not
81. 3:55get stopped out and see you guys know that I prefer trading with the
82. 3:58trend.
83. 3:59It's much easier to get the moves when it's a trend continuation, but
84. 4:03if
85. 4:03In a situation where the price is very far away from the 200.
86. 4:07Moving average, and it doesn't seem like a smart option to go in on a
87. 4:11trend continuation, trade.
88. 4:12What you can do is actually wait for the price to break the 21 and or
89. 4:18the 50 and retest it at that point.
90. 4:21The moving averages should start curving and when that happens, it's
91. 4:25got the support now to go up and with that 10 Pips once it's broken,
92. 4:30the 50 or retested the 21 a retest the 50 at that point, then you can
93. 4:35scalp the price in between the 50 in the 200, also having your RSI up.
94. 4:41Because when you're looking at Trend reversal, you should be also
95. 4:44trying to spot an RSI Divergence.
96. 4:46So let's get rid of my little squiggly lines here and watch the market
97. 4:50open.
98. 4:51All right.
99. 4:51So we're trading now above the 21.
100. 4:54We're now trading above the 50 while we're waiting for is actually a
101. 4:58retest of that 21 and then stop that in time, but right here.
102. 5:03Are you can see, we got in engulfing candle pattern?
103. 5:06This was the come down to retest and then this is the endorfin candle
104. 5:10to say.
105. 5:10Hey, we got support right here.
106. 5:12So you would have taken your 10 Pips and you would have put it right
107. 5:15there at the close of that candle.
108. 5:17And hopefully this plays out.
109. 5:19This one took a little bit more time.
110. 5:20And this is why I don't really Advocate rating against the trend
111. 5:23because it takes a lot of resistance to go against a trend about
112. 5:27within 3 hours.
113. 5:28You got your 10 tips, and if you look, we did not get our stop-loss
114. 5:32hit because we waited for that retest.
115. 5:35Now, why am I saying 10 Pips is enough?
116. 5:37If you're trading one standard lot.
117. 5:39Each pip is $10 in profit.
118. 5:41So, attentive stop-loss is going to be $100 and attentive.
119. 5:45Take profit is going to get you $100.
120. 5:47So using proper risk management, only risking 1% of your account
121. 5:52balance.
122. 5:52That means that if your stop loss is $100.
123. 5:55Then you have a $10,000 account.
124. 5:58Now if you want to get more risky and risk 2%, all you need to do is
125. 6:03make
126. 6:03Do trades.
127. 6:04You'll still get your 10 Pips, but you'll get it into trays and that
128. 6:08means you got 20 Pips increasing your wrist from 1% to 2%.
129. 6:12And as you can see here, if I was waiting for a hundred move.
130. 6:15It would have taken me a very long time to get it.
131. 6:18And if you're trading on the 5 minute or the 15-minute in your
132. 6:21scalping.
133. 6:22This is the best way to do it.
134. 6:24I know this seems simple, but what you need to do in order to know how
135. 6:28to do this.
136. 6:29In every single situation is.
137. 6:31Watch a majority of the videos that I made on this channel.
138. 6:34There are over a hundred videos.
139. 6:36Now teaching RSI, Divergence is teaching brakes and retest of trend
140. 6:42lines of moving averages of support and resistance levels.
141. 6:44This is the entire casserole.
142. 6:47People, everything that I teach is all in one and knowing all of that
143. 6:52information is going to make it ridiculously easy for you just to sit
144. 6:57in the market and grab 10 Pips and then go on a bike ride.
145. 7:00So what I need you to start doing is watching us.
146. 7:03Pause my videos all over again and getting a refresher course and you
147. 7:07can start with this one right here.
148. 7:09This is the number one rule in day trading and if you guys enjoyed
149. 7:13this video and you got some value out of it, you like the way that I
150. 7:15teach consider subscribing to the channel by clicking this button
151. 7:18right here.
152. 7:19Thanks so much for watching and we'll see you in the next one.