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2 Easy Trading Tips That Changed My Game! — Transcript

by MHU FX · 3,126 words · 418 segments · language en · Watch on YouTube

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0:00In today's video, I want to share with
0:01you guys two tips that really helped my
0:03trading. And the whole idea of this
0:05video was birthed from this post that I
0:07had posted to my story on Instagram. And
0:09it was just regarding gold. And so this
0:11video here is going to be explaining
0:12that trade. So let's get right into it.
0:14So this was a trade, well technically it
0:16was two trades. So I scalped it down to
0:18a certain point and then I bought it
0:19from that point too. And what I've done
0:21is I've posted both images so you can
0:22see the scalp down and then the move
0:24back up. So there's two things. The
0:26first thing I want to talk about is just
0:27understanding where price is going
0:29institutionally. One thing I like to do
0:30with this is I like to use institutional
0:32order flow. And in other words, what
0:34that just basically means is where are
0:35the institutions pouring in money where
0:37where are they getting into these
0:38trades? And so what I would do is this.
0:40In a bullish environment, I look at
0:42these sell candles here and I would
0:43expect price if price is going to
0:45retrace, I would expect it to retrace
0:47into this. If I'm bullish and I see
0:48price drop into a sell candle, this is
0:51when I'm looking to jump in. What I used
0:52to do, actually, let me tell you what I
0:54used to do. So I would look at something
0:55like this and think that oh price has to
0:58retrace all the way back down here. So
1:00let's just take from this low to this
1:01high. I would say look price has to
1:03retrace all the way down here. It has to
1:05retrace down here before moving higher.
1:07That's what I would always think. But
1:09this wasn't necessarily the case because
1:11most of the time you're not going to see
1:12price do a huge retracement all the way
1:14down. Sometimes it might just accumulate
1:16and go higher. And I've told you guys
1:17before price does not always have to
1:19retrace all the way down. It can
1:21accumulate, go sideways and then go
1:23higher. Both the retracement and the
1:24accumulation they're agenda does the
1:26same thing. You guys know I like to
1:27bring out this white board. Let's bring
1:28it out or the black board, whatever you
1:29want to call it. There's this kind of
1:31retracement and there's also this kind
1:33of
1:33retracement or there's that kind of
1:36retracement or accumulation of orders
1:37and this one here. So there's two types.
1:39The agenda behind this kind of
1:41retracement and agenda behind this kind
1:42of accumulation is the same thing. It's
1:44to accumulate orders to then run it
1:46later. So what do I mean by that? So
1:48price is bullish. This is a bullish
1:49environment. there's going to be money
1:51up here and then when price is dropping
1:53down, it's going to be making highs and
1:54lows like this. So, in other words,
1:56going to be money above all of these
1:57different highs before pushing up
1:59higher. So, they retrace to generate
2:02liquidity above these highs to then run
2:04it later. Same thing here. Look, this
2:06accumulation, the whole agenda behind
2:08that is to accumulate enough orders to
2:10then run it later. So, here's the money.
2:12Here's more money again. You see, they
2:14they manipulate the lows, expand higher,
2:17and then take out the money on top. I
2:19always thought it was this. Then I
2:21realized price also does this. So now
2:23this is why I look for both of these
2:25scenarios. Both of them. I don't know
2:27what I'm drawing here guys, but I'm
2:28drawing something. I look for both of
2:30these scenarios whenever I'm trading. So
2:31now if we bring it back to the chart in
2:33this scenario, price expanded higher,
2:35went sideways, and then expanded again.
2:38You see price accumulates orders,
2:39manipulates the lows, and then runs
2:41higher. Take out liquidity on the top up
2:43here. Now, this is where when price
2:45expands above these highs, obviously we
2:47know gold is a alltime high. So, really
2:49truly, you're not really picking tops or
2:50anything, but what you would do, what
2:52you would expect, where would the next
2:54best entry come from? Deep retracement
2:56entry would come from the sell candle.
2:58And so, what I like to do then is I know
3:00price is going to be drawn towards the
3:03sell candle. If it's not going to
3:05accumulate and go sideways, it's going
3:07to retrace and then expand higher. How
3:09do you know when it's going to happen?
3:10Sometimes price accumulates above a
3:12high. Sometimes price retraces above a
3:13high. In my eyes, it's not for you to
3:15know if it's going to accumulate or
3:17retrace. It's to respond when it
3:20happens. If I play the next candlestick,
3:22let's just go one forward. You can see
3:24price drops down into this area here. I
3:26believe there was news that took place.
3:28And when price is running down to this
3:29area here, this is how I was able to
3:31catch that scalp. So, if I go to the
3:3250-minut time frame real quick, before I
3:34go to the 50-minut time frame, actually,
3:35I'm going to go ahead and mark up this
3:37area here. We're going to mark up the
3:38high to low of this wick. You guys know
3:40I've spoken about this multiple times
3:41before. We're going to go to the high
3:42and the open of the wick. And so I've
3:44expanded out to right. You can see we
3:46dropped straight into it. So if I go to
3:48the 50-minut time frame, you can see
3:49price drops into our area. This is our
3:51area that we just identified. Why?
3:53Because we know whenever price drops
3:55into sell candles. If you are bullish,
3:57this is where you should be getting
3:58active. So in other words, news must
3:59have come out and you can see price is
4:01blatantly going towards this area here.
4:03I catch a little scalp down to this
4:04area. That's not necessarily what I'm
4:06talking about today. But this is how I
4:08knew price was going down here. I did
4:10not know price was going to get to this
4:13low until it started trading beneath
4:15these lows over here. Let's go ahead and
4:17mark up these lows. There's not no trend
4:18line we're marking up. We're just
4:19marking up all these lows. All these
4:21lows. I did not know price was going to
4:24get down here until it started trading
4:27beneath these lows. What happens is
4:29this. price could just accumulate going
4:30sideways and then expand up and I'll be
4:33looking to catch price if I'm not in
4:34already above these highs when price was
4:36trading beneath this low. Let's go to
4:38that 1 hour time frame. Let's just go up
4:40a little bit more. Look how nice and
4:42long this candle is. Nothing to do with
4:44how it engulfed this or engulfed that.
4:45I'm more so interested in it ran
4:47liquidity. It ran all that money beneath
4:49here. And so when price is trading
4:51beneath this low, this is when I can
4:53start to expect price to get even lower
4:56into that wick of the sell candle on on
4:59the daily time frame. So this is how I
5:00was able to understand that price or
5:03know that price is going to drop down to
5:05here cuz really and truly nobody knows
5:07whether price is going to accumulate and
5:08expand or retrace and expand. If price
5:11stayed above above these lows, then I
5:13expect price to expand higher. And in
5:15this scenario, news helped especially
5:17before that manipulation manipulated
5:19price into these lows. That was the
5:20first thing understanding where that
5:22drawn price is and sometimes these
5:24downward plays act as a draw on price.
5:27There's lots of draw down in these
5:29downward moves. This is where mitigation
5:31will take place when price drops into
5:33the sell candle. And then when it comes
5:34to institutional order flow as well,
5:36this is most likely where the larger
5:37players are getting involved at these
5:39lows. So understanding that,
5:41understanding where price is going is
5:42vitally important. Knowing when to pick
5:45whether it's going to retrace or whether
5:46it's going to accumulate is also very
5:48important too. And then one other thing
5:50I wanted to talk about as well was this.
5:52When price gets to your area, what do
5:55you do? So let's go back to the daily
5:56time frame before I move on. That was
5:58just explaining why I expected price to
6:00drop down into these lows. It had
6:02confirmed it for me. So then I play out
6:04the rest. I play the movie. I I run the
6:07play and let get all the way down here.
6:09Moving on to the second portion of this
6:11video is understanding how to get in
6:13from these lows. Even just regarding
6:14that, you'll definitely need a broker
6:15that you'll be able to use tight spreads
6:17and a reputable broker. I use IC
6:19Markets. They've been blessed. That was
6:20literally the only broker I've ever used
6:22from the very beginning and I've had no
6:24issues with them. So, if you want to get
6:25involved in my broker, get them tight
6:26spreads and those quick withdrawals. Go
6:28ahead and hit the link in my bio and get
6:29active. Now, moving on. So, now when it
6:31comes to entries, like I said, make sure
6:33you have a broker that's decent. I like
6:35to use raw spreads because I like to get
6:36in as and when price is where it is at.
6:39But in this area here, what I like to do
6:41is this. This is how I would refine the
6:42area. I would literally take a fib tool,
6:45take it from the high of that wick and
6:46take it to the low, extend it out to the
6:48right. And then I'm going to go down to
6:50the 15. Just so you can see this area
6:52here. And I would look to enter when
6:54price taps into this upper portion of
6:56the wick. And if you wanted to, if we
6:58wanted to refine the area even more, so
7:00anywhere within that 50% line to the
7:03very highest point of that wick, which
7:04is over here, let's go ahead and move it
7:05like this in here. This is where I'm
7:08looking to enter. Let's go ahead and
7:10bring out the ruler tool. Mark it up
7:11from the low to the high down here. It's
7:14around 40 pips. So for me then, this is
7:17what I would do next because I'm not
7:19looking to jump in from the high and
7:20have a 40 pip stop loss near about 50%
7:23of there. I'm going to break it down
7:25again. And I know I don't need a fib
7:26tool for this, but I'm just going to
7:27just do it anyway. And then what I'm
7:29going to do then is, and this is only if
7:31you are comfortable. This is the more
7:33riskier entry. And look, it's on you
7:37guys if you want to try and take
7:38something like this. But this is one
7:39that I really like to take. And I also
7:40take the next one, too. But let's just
7:42show you this one first. I'm going to
7:43show you two types of entries. The fact
7:45that price dipped into this area is all
7:48the confirmation I need. I don't need
7:50anything extra after this. So when
7:52people talk about what confirmations you
7:53have that the fact that it dropped into
7:55my area where I expect price to rally
7:57from is all the confirmation I need. So
7:59I'm looking to enter from the upper
8:01portion. That's it. Now if I wanted to
8:04refine this entry even more cuz like I
8:07said 40 pips is a is a is a crazy note.
8:10Okay. There's no way I'm looking to
8:11enter and have a 40 pip stop loss. I'm
8:14going to break that area into another
8:16half. So in other words that's a
8:17quarter. a quarter, a half, three
8:20quarters, and that's the full range. So,
8:21I'll break it into a quarter again, and
8:23when price taps into the quarter mark,
8:26that's when I'm looking to enter. I
8:27would have a stop loss beneath here. So,
8:29roughly about this would be would have
8:30been about a 20 pip stop loss. And I
8:32know some people are like, oh, 20 pips,
8:34you know, quite large, but for gold, 20
8:36pips is not a large stop loss. Well, and
8:38don't forget, I'm looking to enter from
8:39a daily play. Entering from a daily play
8:42is different to just entering off a one
8:43minute play. So, that's the first entry
8:45when price tapped into it. And let's
8:47just look at this. From the quarter mark
8:49to where it actually dropped to, it was
8:50only 11 pips. Absolute minor. If you are
8:53not comfortable with price dropping and
8:56you entering, you're going to look for a
8:57different kind of entry. And like I
8:59said, this one is the more riskier one.
9:00So, I would understand why you wouldn't
9:02want to enter from there. But check it
9:04out. This is going to be the less
9:06riskier play. This is what we was
9:07looking at. I'm going to go ahead and
9:08expand this and move it up. So, this is
9:10the area we was looking at. What you
9:12would do is this. You would look for the
9:13down close candle. So from this high to
9:16this low is a institutional candle.
9:19Institutional candle. And when price
9:21runs above, rallies above the
9:23institutional candle, this is what
9:25you're looking at as your confirmation.
9:27Once you get that as a confirmation that
9:28we're going to be going up to the
9:29upside, then what you want to do is you
9:31want to catch a retracement entry back
9:33into the institutional candle or into
9:36the fair value gap. So here you can see
9:38there's a fair value gap right here. an
9:39era of inefficiency where price rallied
9:41above the high large sell candle, no buy
9:45candles along the way as price is
9:46running up higher. This is your fair
9:48value gap. You would enter from the fair
9:50value gap. But guess what? Once again,
9:51like I said, you know this fair value
9:53gap, let's go ahead and mark it up. It's
9:55from this high. Let's see if we can get
9:56this high to this low about 36 pips. So,
9:59what you would do again, if you're not
10:01comfortable with that, which I am not, I
10:03would just go ahead and mark up this F
10:04value gap. Mark up in in half. And all I
10:07would do is I would enter in from the
10:09upper portion of the fair value gap. And
10:11so in other words, if I'm entering from
10:13the upper portion, most likely 50% of
10:16that fair value gap here and then I'll
10:18put my stop loss beneath the the fair
10:20value gap well out of the way. And once
10:22again, this would be your type of entry.
10:24And then what you could do after that is
10:25you can run it either if you're
10:27confident and you want to hold it to a
10:28daily play. Let's go to the 1 hour time
10:30frame. I was telling my mentees to to
10:32jump out of it when price was in here.
10:34Price was literally at these highs. I
10:36was I I'll tell them this is a good
10:38point to jump out, you know, but you
10:40don't have to wait for price to get all
10:41the way up here. So, let's just go ahead
10:43and take out the ruler tool and in from
10:45here that quarter mark all the way up
10:47into this level. We're talking about 550
10:49pips. 500 plus pips in here, which is
10:51absolutely amazing for a 20 pip stop
10:53loss. So, this is why you're not too
10:55concerned about whether your stop losses
10:56are 20 pips. It can be 20 pips or lower,
10:59man. That that's it. The most I'll go
11:00with gold is 20 pips. But now, you don't
11:02have to worry about that, guys. You
11:03could have focused on this. You could
11:05have taken this trade from in here and
11:07run it to this high here and that still
11:10would have been more than enough. So
11:11let's just say we jumped in from the
11:13quarter mark took it to these highs.
11:15That's 180 pips right here. This is
11:18beautiful stuff. And like I said, we
11:20were closing down trades at 500 plus
11:22pips. But it is what it is. You don't
11:24have to do that. Catch your intraday
11:25play and take it to the money. This is
11:27the closest money going to be liquidity
11:29above this high. Like I said, when price
11:31is dropping, making lower lows and lower
11:34highs, lower lows, it's generating
11:35liquidity to then run it later. So, here
11:38is the closest one above these different
11:40highs. This one here, there's going to
11:41be money above that high. There's also
11:43going to be money above this high, too.
11:45But you don't have to worry about all
11:46the money. You can just worry about the
11:48first one. Take it out and be out.
11:50Focusing on those smaller wins. This all
11:52would have taken roughly about Let's
11:53just double check. And just so you guys
11:55know, when I say smaller wins, I don't
11:56necessarily mean scalp. I just mean take
11:58it to the first money. The money's up
11:59here. We trade towards the money. This
12:01whole YouTube channel is based on
12:02trading towards the money. Here's the
12:04money. You either close off your
12:05positions here or you take partials and
12:07let the rest ride. This here would have
12:09taken you how long it would have taken
12:10you from your entry. Your entry would
12:12have come from in here inside here. So
12:15this candlestick and it would have taken
12:16you onto this candlestick to run it. So
12:18roughly about what's that? 18 minutes
12:20guys. I know you guys have 18 minutes of
12:22patience. Patiently waiting for price to
12:24get to your area of interest. This is
12:26the easiest point right here. So guys,
12:28those were two things. Understanding
12:30where price is going. I knew this is
12:32where the sell candles were. That's
12:34where the draw down is. So we're most
12:35likely going to go down to that. You get
12:37that last down close candle into your
12:38area. If you're not comfortable with
12:40price dropping and you buying, then look
12:42for the first turnaround, the first
12:44reversal, the first sign of reversal,
12:46which is this whole play we've
12:48explained, and take it to the money.
12:50Take it to the first money point, which
12:51is up

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