200k ftmo Challenge GBPUSD Swing Trade BREAKDOWN — Transcript

Full transcript

1. 0:00what's good what's good everybody hope
2. 0:04you guys are chilling
3. 0:04so pretty much we're gonna break down
4. 0:06our second trade
5. 0:08with our ftmo 200k so this is a live
6. 0:11trade setup pretty much you guys can see
7. 0:12here that
8. 0:13it's live there's no bar replay like
9. 0:15there's there's nothing this is live
10. 0:17price action you could actually see it
11. 0:18moving
12. 0:19um so pretty much i'm going to literally
13. 0:21give you guys the reasoning
14. 0:23why i went behind this trade and i'm
15. 0:25going to give you my process so far
16. 0:27it's like a little vlog slash um video
17. 0:30on how my ftmo is going
18. 0:32i'm gonna give you guys the ins and
19. 0:33downs of everything so this is my 200k
20. 0:36ftmo challenge account i started it 22nd
21. 0:39so i'm going to give you guys a little
22. 0:40tip because i know you guys see 3
23. 0:42trading day so pretty much as soon as i
24. 0:44take the first
25. 0:45trade um on my account every single day
26. 0:48after that even though i don't have a
27. 0:50trade
28. 0:51i just throw in a 0.01 to
29. 0:54pretty much pass it faster let me see
30. 0:56where it is
31. 0:57right here so just to pass it faster
32. 0:59because let's say i do pass the trade
33. 1:02i do pass the challenge in this trade
34. 1:03right here uh it's
35. 1:05you know then i have to then do the 0.01
36. 1:07so i do the minimum
37. 1:08of the 10 trading days so that's like a
38. 1:11little tip
39. 1:12on how to pass the ftmo faster it's uh
40. 1:14pretty simple just as soon as you take
41. 1:15your first trade
42. 1:16do this after my first trade obviously
43. 1:18was lost um i usually risk from one to
44. 1:21one point five percent of my trades
45. 1:24and i always like taking 1.5 on the
46. 1:26first trade of the challenge you know
47. 1:28started strong but clearly i was wrong
48. 1:32so and this is like probably like 1.6
49. 1:35because i think uh
50. 1:36i was off by like 3-4 pips so it ended
51. 1:39up charging me a little bit more
52. 1:40but it is what it is so currently down
53. 1:42about 1.5 we have a
54. 1:44solid i have a little solid 20 to 20
55. 1:47days left
56. 1:48more than enough time to pass this so
57. 1:50let's give you guys the rundown
58. 1:52and the breakdown on why i'm taking this
59. 1:53trade short so
60. 1:55pretty much i'm a swing trader like i
61. 1:56said earlier so starting off
62. 1:58on the weekly time frame right so these
63. 2:01are all the confluences why i went short
64. 2:03so i'll be getting into details on the
65. 2:05details now right so let's actually go
66. 2:07down to the daily
67. 2:08so you can actually very clearly tell
68. 2:10that the daily here is
69. 2:11bearish right you can see the shift in
70. 2:13structure from when price was bullish
71. 2:16to pretty much how when price now is
72. 2:19basically
73. 2:20trending bearish right so you have all
74. 2:22of this structure then you have this
75. 2:24break
76. 2:24this slow and we're anticipating a lower
77. 2:28high to previous
78. 2:30support acting as resistance as well
79. 2:32with our daily ema
80. 2:34so this ema as you can tell when it's
81. 2:37bullish
82. 2:37it's support what a coincidence now it's
83. 2:40breaking structure as was the ema
84. 2:42acting both as resistance this is the 50
85. 2:46ema
86. 2:46for any of you guys that once at all use
87. 2:49it i really like it it works good on all
88. 2:51time frames
89. 2:52so pretty much um yesterday we had a
90. 2:55very clean
91. 2:55closure very clean daily rejection
92. 2:58candle from the 8 from the ema
93. 3:00from our area of interest structure fib
94. 3:03all that good stuff
95. 3:05and then i personally don't go short
96. 3:07until either
97. 3:08two or three time frames are in sync
98. 3:10meaning
99. 3:11weekly daily or four hour obviously the
100. 3:13bigger time frame so here you guys can
101. 3:15pretty clearly tell that the four hour
102. 3:17had the shift because
103. 3:18this for this daily pull back here this
104. 3:21daily pullback
105. 3:23has structure whether it's the four hour
106. 3:25one hour or whatever the case is
107. 3:27and you can very clearly tell the four
108. 3:29hour structure is
109. 3:31high low high and then this lower low
110. 3:34breaking the structure this higher low
111. 3:36four hour structure so i'm
112. 3:37anticipating a pullback i would have
113. 3:39actually liked for this to come back
114. 3:41a lot deeper to pretty much either this
115. 3:44left shoulder to create a right shoulder
116. 3:46and reject this ema
117. 3:48along with our psychological level of
118. 3:50130 800
119. 3:52but i got my entry signal before that so
120. 3:55i'm going to explain to you why
121. 3:57so very cleanly we had that and then
122. 3:59pretty much you go down to the one hour
123. 4:01and you can tell how the one hour is
124. 4:03literally creating
125. 4:05lows highs and then this nice lower low
126. 4:08under all of these lows now another
127. 4:11lower high
128. 4:12rejection from that ema again you can
129. 4:14tell the ema when it's published it's
130. 4:16above
131. 4:17and then when it's bearish it's under
132. 4:19and then pretty much my
133. 4:20entry signal was this 30 minutes evening
134. 4:23star
135. 4:24rejection from ema bear structure so we
136. 4:27are very much
137. 4:28bearish low high low high
138. 4:32uh right here high low high now i'm
139. 4:34anticipating a bigger leg down
140. 4:37so let's see how this plays out so these
141. 4:39are all the reasons why i went
142. 4:40short where is it where is it where is
143. 4:44it where is it i'm telling you to delete
144. 4:45it
145. 4:46whatever i have a screenshot right here
146. 4:48i always take screenshots of before and
147. 4:49after my trade
148. 4:50so you have daily support acting
149. 4:52resistance support
150. 4:53resistance fib 78.6
151. 4:56right here rejection from the four hour
152. 4:59ema you have to go down
153. 5:01rejection from psychological level 13800
154. 5:05psychological level 130 800 beautiful
155. 5:07rejection
156. 5:09um breakup structure you guys saw it
157. 5:11many head and shoulders
158. 5:13and entry signal is my 30 minute so this
159. 5:15right here i'm painting the picture
160. 5:17on why this trade has a higher
161. 5:19probability because then this is all a
162. 5:20game of probabilities
163. 5:22we don't know if this is going to go up
164. 5:23or down but it has a higher probability
165. 5:26of taking down than up from here so i'm
166. 5:29very comfortable with this trade again i
167. 5:30did 1.5
168. 5:32uh risk on this trade that's relatively
169. 5:34high for me
170. 5:35i usually do i'm very comfortable with
171. 5:37one percent but i really like it i
172. 5:38really like how this candlestick
173. 5:40engulfed
174. 5:41i really like how this candlestick um
175. 5:43closed under
176. 5:44so pretty much it is what it is so i'm
177. 5:47gonna be doing a little