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Breakout vs. Easy Scalping – Live Trades, Profit Comparison & Strategy Insights — Transcript

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0:05Hello and welcome to a new video from
0:08Stein Investments. In today's video, I'd
0:10like to talk about the
0:13Forex trading strategies we use
0:15usually, which is mainly the breakout
0:18strategy. And
0:20so I'll show you some trade
0:23examples, explain you
0:26the conditions that are relevant for the
0:30trading strategy or what
0:31what we have to look for. And
0:34while trading, I got
0:37some easy scalping alerts for forex
0:40symbols as well. And so I traded them
0:42too. And then I thought it would be a
0:44good idea to include
0:47them as well and provide you a quick
0:50comparison of which
0:52strategy has what to offer and what are
0:54the differences and what are the
0:56benefits. And so that's what
0:59this video is about.
1:02As you probably know, you'll find all
1:05our strategy descriptions and
1:08templates for your charts with our tools
1:12on our Central Stein
1:14Investments page, which is
1:17mostly linked below every video we
1:20publish, and so you can easily
1:23access this source of information.
1:26So let's start with the breakout
1:27strategy. Here you'll find a
1:30detailed explanation and we
1:33mainly look for these line
1:35splits where all trend lines of one
1:38currency are above
1:40the other currency or vice
1:43versa as you like.
1:45see how to trade these
1:47opportunities, where to place the stop
1:49loss, how to determine a
1:52reasonable risk and reward ratio
1:55and that's. What this video is mainly
1:58about?
2:00The Easy Scalping strategy is also
2:02available on our central page
2:05and you'll find it here
2:09along with some screenshots that explain
2:11it in detail and a
2:14tutorial video which I made two days ago
2:17to explain how to set up IX Power, how
2:20to work with this tool and how to trade
2:22the Easy Scalping strategy.
2:25Here's an excellent breakout strategy
2:27set up on the British pound
2:30long against the
2:33Swiss franc which is currently going down
2:36and you can see there is a one sided
2:38dynamic and we speak about the dynamic
2:41if the short term trend
2:44is clearly forcing the
2:47direction of the long term trend. In this
2:50example you see long term trend on the
2:52Swiss franc is. A sell
2:55and it's going down and
2:58the short term for our analyzers
3:02indicates some momentum.
3:05It's already reached the extreme stage
3:08of the scale and this momentum is
3:11relevant for the timing of your trade. So
3:14in this example
3:17we take the trade with a stop loss right
3:20below here and a profit
3:23target. At the 80%
3:25ATR.
3:28So let's do that now
3:32and then we'll check the
3:34outcome of this trade later on.
3:39The British pound against the Canadian
3:41dollar provides another breakout strategy
3:43setup. In this case it's already a double
3:46sided dynamic because we see some
3:49dynamic here on the Canadian dollar
3:52which is going to the short side and the
3:552nd dynamic comes from the British pound
3:57which rose short term above its
4:01long term one week trend. The
4:04problem in this scenario is.
4:07The support cluster you see here, which
4:09is already
4:11more than a day old. It tried to break
4:14throughevening, but was unable
4:17to do so and so it reversed and this
4:20looks like a second attempt to break
4:22through this resistance right now.
4:25It's not very promising, especially if
4:28you consider that the. Next support level
4:31is already here. So
4:34if you think about a reasonable risk and
4:36reward ratio, we would have to place our
4:38stop loss here and the profit target
4:41if we break through this should be
4:44here. And so you get
4:47a maximum of 1 to one and the
4:50risky
4:51of this trade is this resistance because
4:53if it holds the price drops back and
4:55there is no chance to reach this target
4:57so. This is a perfect example for a
5:00trade that fits the breakout
5:03strategy entry rules, but
5:06support and resistance analyzers
5:08prohibits to take a trade because
5:11the risk is bigger than the reward that
5:13is possible, so we drop it.
5:17Another great example is the New
5:20Zealand dollar against the Canadian
5:22dollar, also a double side dynamic
5:25breakout strategy set up. But
5:28we had some
5:29from the Royal Bank of New Zealand
5:32which caused this spike to the downside,
5:34then it went back and all this caused
5:38an ATR of
5:40already 120% for today. So
5:43we
5:44exceeded the usual volatility
5:47on this pair which limits the potential
5:50for profits and you can see
5:53that the next resistance cluster is
5:56very close while we
5:59had to take the stop loss
6:02around here which makes it a risk
6:05reward ratio of 1 to
6:080.5. So this is also a
6:11non. Very promising setup and we
6:14drop it as well. I think
6:17we can ignore the New Zealand dollar
6:19completely today because the New Zealand
6:21dollar reached
6:23129% already. Starting from
6:26130%, we recommend to exit positions
6:29on a currency and so we
6:32can ignore the New Zealand dollar for the
6:34rest of today.
6:37Then we have another setup on the euro
6:39against the British pound which
6:42is showing certain dynamic to the upside.
6:45The euro is slightly going down. You
6:48see this downtrend euro against the
6:50British pound is already established. We
6:52have a clear separation on the long term
6:54trends. The volatility
6:57also reached only 51%,
7:00so there is enough potential to the
7:02downside. There is also no support
7:05level inside. We have only resistance
7:07levels and so I would
7:10say we take this trade with a stop
7:13loss above this high and
7:16target the 80% ATR
7:19for today. So we are placing a sell trade
7:22here.
7:24And place our profit target here and
7:27then we'll see how it goes.
7:30Here is another good example for a
7:32breakout strategy setup currently with a
7:35double-sided dynamic for
7:38maybe 10 to 15 minutes. Now the
7:42euro is clearly going down and the
7:44yen remains on the strong side.
7:48So let's have a look at the situation
7:51regarding support and resistance levels
7:54and you can see there is plenty of space
7:56to the downside and euro yen.
8:00Only moved 61% today. So
8:03I would say we'll place a sell trade
8:05here with a stop loss right above here
8:09and a profit target at the 80%
8:11ATR level.
8:15So let's do this and
8:18then we'll see how this evolves overtime.
8:23So meanwhile, I received an extreme sell
8:26alert for the euro, which is
8:29going down pretty heavily
8:32across all the
8:34analysis periods. And so this
8:37offers the chance for further breakout
8:40trades. And so I go
8:43through all the euro pairs to check
8:47the possibilities we get with this setup,
8:50we can see. The
8:53US dollar is going to the upside
8:58and so we could risk a sell trade here on
9:01EURUSD with
9:04either a tight stop loss here or a bit
9:06wider. I would prefer a bit
9:09wider stop loss and there is still plenty
9:11of space to the downside because we have
9:14only forty-six percent ATR
9:16today and so I would say. We
9:19place our stop loss here
9:22and target the 80%
9:24ATR on the downside.
9:38Next pair is euro
9:40against the Aussie dollar
9:44and here we see is only dynamic on the
9:47side of the euro. And we are
9:49already directly in front of a support
9:52level. So I skip this one.
9:56Euro NZD is pretty clear. We already
9:59said we dropped the New Zealand dollar
10:02pairs due to the
10:05extreme spike of the news event and
10:07and we already reached 181% ATR,
10:10so. I would skip this
10:13one as well. Moving on to
10:16euro against the Canadian dollar and here
10:18is a
10:21promising setup with plenty of space to
10:24the next support level.
10:28So we place our stop loss here
10:31and set the profit target here
10:36and move on to the next one. Euro Swiss
10:38franc is usually a tricky one because
10:41they are highly correlated and you
10:44are right inside support
10:47level and the next ones are rating,
10:50so there's nothing to get from
10:53this one. And last but not
10:56least, we have our euro,
10:58Japanese yen trade we've already taken.
11:01So right now I would say we make a break
11:05and wait what
11:06what the market offers during the next
11:08hours.
11:10So and here we got an easy
11:13scalping trigger alert for
11:17the Aussie dollar against the Canadian
11:18dollar. Stop loss would be right
11:21here and we'll see
11:24if
11:27this pair is able
11:30to
11:32at least this resistance level or
11:34maybe rises even higher.
11:39And here is another easy scalping alert,
11:41this time on the Swiss franc against the
11:43Japanese yen. This setup worked
11:46before during the Asian session
11:48and then we hit the reversal to the
11:51upside and now I'm looking
11:54to sell this pair,
11:57hopefully getting back to the previous
12:00low area.
12:03So we place the stop loss here.
12:08And then we'll see how it
12:11goes.
12:13So here is another easy scalping
12:15setup, this time on the Aussie dollar
12:18against the Swiss franc to the upside.
12:21Stop loss is here, profit target
12:23here. It's almost one to
12:26one. So I will take this one
12:31and then we'll see what happens next.
12:36Here is a nice easy scalping setup on the
12:38yen against the US dollar.
12:41So we shortdollar
12:46against the yen and place the profit
12:48target directly
12:51here at the support level.
12:55So to say it up front,
12:58today didn't work as expected
13:01but provided some interesting insights
13:04and we've been able to close the day in
13:06profit. So let's start our trade
13:09recap and I'll start with the British
13:11pound against the Swiss franc, which has
13:13been a breakout setup here.
13:16It was ideal, a double sided
13:19dynamic breakout setup and it
13:21didn't work. The British pound was not
13:23able. To move any
13:26further to the upside and so
13:29this trade went down, hit the stop loss
13:32and we've been out on this one.
13:35The second one was the euro
13:38against the British pound and I have
13:41to say we had very bad luck
13:44with the euro today because during
13:46today's morning session
13:49there has been an interview
13:51someone from the ECB board.
13:54And she gave an interview
13:57to the Financial Times saying that it's
14:00time to rethink the rate cut
14:02policy of the ECB. And so
14:06this naturally stables the
14:08euro. And so we've been
14:11facing a euro up move in the
14:13following hours across all euro
14:16pairs. And thanks to our
14:19reasonable stop loss, we've been able.
14:22To keep the trade and close it
14:25right now at the end of the London
14:27session here at almost break even.
14:33Euro yen performed way better because the
14:36yen was really strong during
14:39today's New York session and this
14:42helped a lot on this pair and provided
14:44some great profits here
14:48which. At least covered a
14:51part of the losses we've taken
14:54with the two other trades here.
14:57EURUSD was also able
15:00to provide some profits. You can see this
15:02was a sideways move right
15:05after the news came out or right after
15:07this interview came out. But the New
15:10York session added some further
15:13volatility and EURUSD was
15:16able to continue the down move it
15:18began. During today's
15:21Asian session,
15:25last but not least, we have euro against
15:27the Canadian dollar. Same picture as on
15:30the others was not able to go
15:33straight to the downside, moved
15:35upwards and we've been able to close it
15:37break even. As you can see, there are
15:40different metric numbers. These one to
15:42three metric numbers are from the
15:44instance I took the breakout.
15:48Strategy trades with
15:50the 12345
15:53magic number trades are
15:55are the ones I picked
15:58with the easy scalping strategy
16:00and so let's have a look
16:03at these trades as well. Starting with
16:05the Aussie dollar against the Canadian
16:09which didn't work in first place, it was
16:11able to reach the.
16:13Resistance level as expected, but our
16:16profit target was just a handful of
16:19pips higher and so it was razor
16:22thin that the Aussie against the
16:24Canadian missed this profit target drop
16:26down. We've been stopped out and then
16:29came another signal here which I
16:31missed because I was currently not at the
16:33office, but I checked it later on and saw
16:36the setup is still valid and so I picked
16:38this trade. Targeted the same
16:42resistance level again and so I
16:44I've been able to add some
16:46profits here on this pair as well.
16:54Here is the Swiss
16:57franc against the Japanese yen.
17:00Of course the yen strength during the New
17:02York session helped a lot,
17:04And I'm happy with the trade
17:07itself and the target I've chosen
17:10because it went only a few pips further
17:12down and then you can see the
17:15move already ended.
17:18Moving on to Aussie dollar against the
17:20Swiss franc. This one didn't work,
17:23no problem with that. That's part of the
17:25game. So yeah, that was a
17:28perfectly valid setup, 2 trends on the
17:31strong side. The four hours came back
17:33across the zero, but was not able
17:37to fuel this pair, pushing it
17:40to this resistance. level. And so,
17:46yeah, US dollar against the yen also
17:49moved to the downside. Signal came, I
17:51took the trade, picked the
17:54stop loss here and it
17:57went straight down.
17:59would have been probably better to place
18:01the profit target
18:04At the M5
18:05support instead of the M15 support.
18:08But that's how it is. Next time
18:12I'll try it the other way around and
18:14choose the profit target
18:16based on the time frame I'm trading on.
18:24OK, this was the 2nd Aussie dollar
18:26Canadian trade, which is why we see this
18:28chart again and last but not least.
18:32This was an awesome one, the
18:34euro against the Aussie dollar and
18:37it was a picture perfect trade
18:40straight to the end. Here we received a
18:42signal. It came from our custom alerts
18:45tool.
18:46received it on my mobile device. And
18:49so I picked the trade, placed the stop
18:51loss right above here and placed the
18:54profit target here. At this
18:57support level and it was perfectly hit
19:00and added the most profit for
19:03today with a risk reward ratio of
19:06one to two almost
19:09three. And so we've been able
19:12to close this trade in profit even though
19:15we had some difficulties
19:18during these unexpected news
19:21which were noannounced, but
19:23we have as traders, we have to deal with
19:25that and if you are
19:28looking for a reasonable risk and reward
19:31ratio and are strict with your
19:33risk management, you can handle these
19:36situations easily and you'll be able
19:40to end even such
19:42days with a profit.
19:46Now let's compare both strategies
19:49on the euro Aussie dollar trade because
19:52it was a perfect example of the
19:55advantage of the easy scarping strategy.
19:59And the main reason is that the breakout
20:01strategy itself waits until a
20:04trend has been established. And if
20:06you then wait for the additional dynamic,
20:09the short-term momentum, you are
20:12probably pretty late in a trade.
20:15As we can see here, the dynamic started
20:17here on the Aussie dollar and this is
20:20where the magic already happened, if you
20:22want to say so. And
20:25so in this
20:28example you can see that
20:31the easy scalping strategy is
20:33perfect if you want to
20:36spot
20:37The continuation of a trend directly
20:41after the reversal move ended. It
20:44doesn't work always, but if it does,
20:47you have an excellent risk and reward
20:49ratio because you can place the
20:52stop tight and usually
20:55have plenty of space to your
20:57target and.
21:00That's a big advantage for this strategy
21:02because you can also lose one or two
21:05trades and you're still big in profit.
21:07And if we have a look at the stats
21:10heredown here, then it's
21:13pretty obvious which
21:15strategy provided the most
21:18to today's profits and which is
21:22the better one for today. So
21:25that's it. It's up to you which one to
21:27choose. I hope you like the content we
21:30provide and I hope
21:33you learned a bit of how
21:35to separate good trading
21:38opportunities from worse trading
21:41opportunities, how to determine a
21:44reasonable risk and reward ratio and how
21:46to work with the
21:49support and resistance levels as profits
21:51targets because they help you a lot
21:54finding the right target as you can see
21:57here. Because it's a perfect hit, you get
21:59the profits and then you're out and done.
22:01That's it. Was a pleasure to create this
22:05content for you and I hope you'll
22:07be able to trade as well as we
22:10do with these tools. And in case of
22:13questions, just drop a line or a comment
22:16below this video. We are always here to
22:18help and we are looking forward to make
22:21you a better trader. That's it. Thanks
22:24for your attention. Thanks for watching.
22:27See you and bye bye.

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