Breakout Strategy - You're Trading at The Wrong Time! — Transcript

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1. 0:00you probably don't know this but you're
2. 0:01most likely trading during the wrong
3. 0:03time of day you're not getting the price
4. 0:05movements there's no volatility in the
5. 0:07market and you're stuck in your trade
6. 0:09for way longer than you should be do you
7. 0:11want to know the reason why it's
8. 0:12probably because of your day job in this
9. 0:15video I'm going to teach you the best
10. 0:16times of day to trade welcome back to
11. 0:18the channel everybody my name is Arty
12. 0:20and this is the moving average a show
13. 0:21where we discuss everything day trading
14. 0:23to keep you profitable okay so just as a
15. 0:25baseline most people have a 9 to5 job
16. 0:28meaning from 9:00 a.m. to 5:00 p.m. they
17. 0:31are stuck doing work for somebody else
18. 0:33so what they try to do is trade outside
19. 0:36of those hours or on their lunch break
20. 0:38at that job both of those options suck
21. 0:40because outside of your working hours
22. 0:42markets are usually flat let me show you
23. 0:44an example so for me in my time zone
24. 0:47this is 9:00 a.m. and this is 5:00 p.m.
25. 0:49you can see the market moved in One
26. 0:52Direction all day and in the entire
27. 0:54session it moved 38 Pips this is
28. 0:56Australian dollar Us doll if I start
29. 0:58trading right afterward I'm caught in a
30. 1:00bit of consolidation then at about 10 or
31. 1:0211: p.m. there are huge spikes in the
32. 1:05spread of the price because the market
33. 1:07is transitioning into the following day
34. 1:09and then when the market does start
35. 1:10moving again for the Tokyo session it's
36. 1:133:00 a.m. and I'm asleep now I could
37. 1:15wake up at 5 a.m. and start trading but
38. 1:17again the market is a little bit
39. 1:18consolidating that's an actual word so
40. 1:20what is the solution I'm going to put on
41. 1:22this indicator that will show you each
42. 1:24New York session Tokyo session and
43. 1:26London session and this indicator shows
44. 1:28you the first hour of the trading
45. 1:30session which most people like to avoid
46. 1:33myself included if you've ever watched
47. 1:35American football this is usually known
48. 1:38as the Juke where the player pretends to
49. 1:40go one way and then decides to go the
50. 1:41other way what I would like you to do is
51. 1:43not trade this little window whatsoever
52. 1:47or anything within this little window so
53. 1:50on this indicator what you can do is
54. 1:52actually extend those lines out so you
55. 1:54know when not to trade now what I want
56. 1:55you to focus on is the breakouts of
57. 1:58these sessions as as you can see there's
58. 2:01a lot of volatility and a lot of volume
59. 2:03and a lot of price movement these are
60. 2:05the areas that you want to catch and as
61. 2:07you can see it is a very short amount of
62. 2:10time this happened in 2 hours this
63. 2:13happened in 2 hours so I promised you
64. 2:15solutions to trade with your day job one
65. 2:17of them really really sucks if you live
66. 2:19in Europe you got to wake up at 2:00
67. 2:21a.m. that way you could take advantage
68. 2:23of the Tokyo session breakout and you
69. 2:25only want to do this with pairs that
70. 2:27trade in that vicinity of the planet so
71. 2:31Australia Japan and New Zealand any one
72. 2:34of those currencies in your pair is good
73. 2:38Australian dollar Canadian dollar
74. 2:39Australian dollar New Zealand dollar GBP
75. 2:42JPY New Zealand dollar US dollar you get
76. 2:45the point anything with those currencies
77. 2:48in it cuz those currencies trade in
78. 2:50those areas now if you live in the US or
79. 2:52North America in general or South
80. 2:54America it'll be a little bit easier for
81. 2:56you because you can wake up a few hours
82. 2:58early and take advantage of the London
83. 3:00session breakout but what if you have
84. 3:02just straight too much on your plate and
85. 3:04you can't wake up early and you can't go
86. 3:05to bed late what I want you to do and I
87. 3:07know your boss isn't going to like this
88. 3:09but what you can do is set up alerts so
89. 3:11that when price breaks out of this first
90. 3:13hour range you can wait for a signal
91. 3:15entry once it breaks out of this range
92. 3:18enter your trade quickly put your phone
93. 3:20back in your pocket and move on with
94. 3:21your day this is going to be less
95. 3:23consistent because you won't be able to
96. 3:24monitor trades you'll just have to enter
97. 3:27and leave it so for example this
98. 3:29Breakout you would have lost that trade
99. 3:31but this breakout you would have won
100. 3:32minus 1% plus 2% up 1% for the day now
101. 3:36this indicator shows the Dr and IDR
102. 3:38ranges that's the defining range and the
103. 3:41implied defining range I only want you
104. 3:43to trade breakouts of the outer edge of
105. 3:48this range candle closure outside of the
106. 3:51range candle closure outside of the
107. 3:54range as a general rule of thumb halfway
108. 3:56through this Zone just above that or
109. 3:59below that should be your stop loss you
110. 4:01can fine-tune the rules of these
111. 4:02strategies but if you're just looking
112. 4:04for a quick entry this is going to be
113. 4:07your best way to do it especially if you
114. 4:08have a day job so as you can see here in
115. 4:10the Tokyo session we didn't break below
116. 4:12the outside of that range until here
117. 4:15enter in a long position 50% area for
118. 4:18your stoploss one to two risk to reward
119. 4:20so you can still trade at work or you
120. 4:22can wake up early or stay up late
121. 4:24depending on your time zone but this
122. 4:25indicator is going to help you see what
123. 4:27area of the trading session you really
124. 4:29want to focus on either the Tokyo or the
125. 4:32London session or the New York session
126. 4:34and stay out of the market on days when
127. 4:36the price is consolidating because it's
128. 4:38not breaking out of these ranges now if
129. 4:41you're not working full-time and you can
130. 4:43fine-tune your entries what you can do
131. 4:45is wait for a breakout and then a pull
132. 4:47back those are the best entries so on a
133. 4:505 minute time frame you see a candle
134. 4:52closure above that range what you can do
135. 4:54is take it down to the one minute chart
136. 4:56wait for the break out and then they
137. 4:58pull back into The Zone with an entry
138. 5:01signal right here and take advantage of
139. 5:04the Monumental breakout to the upside
140. 5:07remember there are always alternatives
141. 5:09to when you can trade and how often you
142. 5:11trade also a side note I made a little
143. 5:13video game on my website check it out at
144. 5:15tx.com if you guys enjoyed this video
145. 5:18drop a like indicator first link in the
146. 5:20description down below