Dumb Money Concept - Full Chart Breakdown — Transcript

Full transcript

1. 0:00I'm going to show you the full breakdown
2. 0:01here and how I would go about this in a
3. 0:04regular day and guys all of these clips
4. 0:06I've made my strategy develops over time
5. 0:09and so there there's already things that
6. 0:11are slightly different like I entered I
7. 0:13told you like Hunter zones golden zones
8. 0:15red zones I might not use these terms
9. 0:17I'm kind of already fading away from
10. 0:18them the whole point of things like that
11. 0:20was like to give you the idea of how I'm
12. 0:22currently trading and it does adapt over
13. 0:24time right I might be dcing less over
14. 0:27time as I get better and better I get
15. 0:29more confident with my entries um I
16. 0:31might get more better entries right so
17. 0:33watch all the streams um so that you can
18. 0:36keep up to date with everything cuz I
19. 0:37might not be remaking these videos at
20. 0:39any time but I'm just already noticing
21. 0:41that like I don't use the term I just
22. 0:43use that just to to come up with a term
23. 0:46of like the zones I would enter but it's
24. 0:48not really anything for exam for that's
25. 0:50one example basically what I'm trying to
26. 0:51say is I I've already noticed that side
27. 0:54of this strategy even after I've made
28. 0:56this and it's been two months of me
29. 0:58making these videos the start St that I
30. 1:00was already teaching you is slightly
31. 1:02different and that's how trading goes is
32. 1:04every few months it's slightly slightly
33. 1:07different of how I trade and it keeps
34. 1:08getting slightly slightly better and
35. 1:10that's how I was able to develop this
36. 1:11over the course of time is the strategy
37. 1:13is not static it's something that
38. 1:14changes over time and gets better with
39. 1:16the time right and I'm much more likely
40. 1:18to be more accurate in the future so I
41. 1:22might make changes that's the whole
42. 1:24point of that let's jump into it jumping
43. 1:25into the trade so we're going to jump on
44. 1:26the session here just so you can see
45. 1:27where the session is I only trade the
46. 1:29New York session and I'm going to give
47. 1:31you a full breakdown of how I would go
48. 1:32throughout the day right so I wake up in
49. 1:34the morning normally 5:30 I don't
50. 1:36actually end up seeing the computer
51. 1:38right pretty much right until it open
52. 1:39right so I'm just barely slivering in
53. 1:42just because my time zone is really
54. 1:44difficult to be on up before 5:30 when
55. 1:46the sun doesn't wake up till 8:00 a.m.
56. 1:48right so that's my current situation I
57. 1:50would advise you to maybe go even
58. 1:52earlier uh if you can if you live in a
59. 1:54different time zone right so here's the
60. 1:5615 but where I start usually is on the
61. 1:58four on the left here and what I'm going
62. 2:00to do is I'm I'm just going to draw a
63. 2:01line here so you can see kind of where
64. 2:03the open is right so you can see it on
65. 2:05the on the other chart there too right
66. 2:07so on the open I only see that first
67. 2:10candle there right it does look like
68. 2:12we're going down right and that's all
69. 2:15we're literally seeing right so so on
70. 2:17the open today I actually even said on
71. 2:19stream is it's probably going to be
72. 2:21going down to that zone right and and
73. 2:23that's what we did after the open right
74. 2:24because why is because the candle closes
75. 2:27are already down so we're probably going
76. 2:28to continue that Trend you get
77. 2:30confirmation on you know the 2hour here
78. 2:32too right and you can see okay hey we
79. 2:35did break this trend or sorry we did
80. 2:38break that down another we we lost that
81. 2:40level and then we rejected off of it so
82. 2:42again continue down to that next level
83. 2:43and usually if it's going One Direction
84. 2:45it's going to continue until the next
85. 2:47level down right so again if you want to
86. 2:49look at the 1 hour right you can see
87. 2:51that level right there and that's the
88. 2:53level that we'd be looking to satisfy
89. 2:55right so as we enter that level I could
90. 2:58potentially be placing an order right
91. 3:00there right or I can be waiting usually
92. 3:03what I do is if the trend is really
93. 3:06obvious so the trend is obvious that
94. 3:07it's going to be going to the downside I
95. 3:10probably won't be placing an order there
96. 3:12but today I did place an order there
97. 3:14okay because it didn't look like a super
98. 3:17super strong Trend like we didn't just
99. 3:19break anything but what what I was doing
100. 3:21is waiting for that 7 a.m. 4H hour close
101. 3:24which is this candle here right so when
102. 3:26that closed and told me right that this
103. 3:29C
104. 3:30so when that closed and told me I'm
105. 3:31going to delete this line here so you
106. 3:33can see there what happened is it
107. 3:35actually failed to make that new low
108. 3:37there now it wasn't a super obvious Wick
109. 3:40right but it was a wick for sure and it
110. 3:42did fail so my thought was okay so it
111. 3:45might go against us a little bit but it
112. 3:47is going back up because we just failed
113. 3:49to make a new low so what does that mean
114. 3:50it means that on the next side is we're
115. 3:53going to be targeting that high and
116. 3:54that's what we did overall for the day
117. 3:55so I I essentially just placed a trade
118. 3:58there and what you could have done is
119. 3:59just let that run bought a little bit as
120. 4:01it went against you and then just let it
121. 4:03run to the other side now what you can
122. 4:05do as as the day develops is cuz that
123. 4:07would have been the whole trade for the
124. 4:08day and it's basically what I did right
125. 4:11remove all these drawings but what you
126. 4:13want to see is okay so after that seven
127. 4:15close right you can see that Wicked and
128. 4:17we start regaining back into that zone
129. 4:19right and maybe you're not ready to
130. 4:21enter quite yet and that's probably what
131. 4:23you were were thinking is hey maybe I
132. 4:26didn't enter or maybe I did take that
133. 4:28long and now I'm in profit okay there's
134. 4:29two options cuz I I can see myself
135. 4:31actually doing either the one is I
136. 4:33entered blindly right and the two is I
137. 4:36waited for something to change that
138. 4:38gives me confirmation and the thing that
139. 4:40could have changed to give me
140. 4:41confirmation is we could have closed
141. 4:43back within the range on that next hour
142. 4:45right so 8: a.m. where's 8: a.m. here 8:
143. 4:48a.m. right so we see here in the 1 hour
144. 4:51in the corner you can see hey we did
145. 4:52sweep it for sure we did fail to lose
146. 4:54that level for sure so now 8: a.m. comes
147. 4:56around okay now boom I'm going to enter
148. 4:59I'm going to enter long right and that
149. 5:00would have been a really really great
150. 5:01entry so you have another opportunity to
151. 5:02get that long okay the next thing you're
152. 5:04noting is I actually so what I did is I
153. 5:06took a long here I think I messed it up
154. 5:08kind of right full transparency I think
155. 5:10I messed it up uh I didn't uh I didn't
156. 5:13exit properly and then it ended up being
157. 5:15a loss basically I believe but I did
158. 5:17re-enter long up here after seeing hey
159. 5:20okay that 1 hour closed bullishly and
160. 5:22then I got extra confirmation that that
161. 5:2415minute candle was really really strong
162. 5:26and gained this level So I entered long
163. 5:27on this candle here and then I it run
164. 5:30okay with a stop kind of loose down here
165. 5:33and my target there so this was the
166. 5:35trade now right and it looks kind of
167. 5:37weird it's a one hour sort of thing
168. 5:39right but that's generally how I'm
169. 5:40trading we continue to watch these
170. 5:42candles to make sure that they're
171. 5:43closing bullishly right so here you can
172. 5:46see okay we failed to make that level
173. 5:49right so we're probably going to be
174. 5:50coming against ourselves a bit right
175. 5:52which is That Swing Low the next swing
176. 5:53low here now what tells us that that
177. 5:55we're going to be coming back up here is
178. 5:57because we're still watching for that 4H
179. 5:59hour level that we haven't satisfied yet
180. 6:01now how did I know it was going to go to
181. 6:02this 4-Hour level and not say this one
182. 6:05okay let's delete all these so you can
183. 6:07see a little bit cleaner not say this
184. 6:09one right well because that was already
185. 6:10tested on that Wick right there so since
186. 6:12it was already tested here it's probably
187. 6:14going to break it when it touches it
188. 6:16this time which it did right and that's
189. 6:17the next level back so this is the next
190. 6:19untested level so we can continue
191. 6:21watching the 1 hour the 2 hour and the
192. 6:234H hour to see how they develop so
193. 6:26throughout the day you can see each of
194. 6:28these 1hour candles okay great we closed
195. 6:30Beyond good retest again another strong
196. 6:33candle and then again this candle here
197. 6:35Wicked back up so all of these things
198. 6:37are giving us confirmation that why the
199. 6:39hell would we get out of that trade so
200. 6:41we have that idea that we're going to be
201. 6:42coming up here and nothing is telling us
202. 6:44that that's not going to happen so it
203. 6:46happens and it's as simple as that you
204. 6:48don't need to doubt yourself I'm sitting
205. 6:50here I I I do doubt myself the entire
206. 6:52time but that's why I look for all these
207. 6:54confirmations and I watch for those
208. 6:56higher candle closes 5 minutes I do not
209. 6:58watch cuz it's going to be too spaz so
210. 7:00after we hit that okay Boom the day is
211. 7:02done okay there was literally one trade
212. 7:04today that's that's it that's all you
213. 7:05have to do you You' seen that level down
214. 7:08there you look to see the reaction off
215. 7:10of it well what would have happened if
216. 7:12it went against us right let's say let's
217. 7:15say the only thing that that we were
218. 7:16watching well you could have first of
219. 7:18all waited if you prefer to do that but
220. 7:20if you prefer to enter blindly which
221. 7:22often times I like to enter blindly well
222. 7:24what you can do is you can put like a
223. 7:26stop pretty loose right so maybe you put
224. 7:29your maybe you enter blindly on that
225. 7:30level you DCA on this one which is kind
226. 7:33of what I was thinking possible Right
227. 7:34you DCA on that next level down okay and
228. 7:37then maybe you put a stop that's pretty
229. 7:38loose like down here okay and that's a
230. 7:40pretty dang good trade still in itself
231. 7:42right because if it does bounce off of
232. 7:44that you could probably get to the the
233. 7:46tops right and that's literally the only
234. 7:48trade of the day okay you have another
235. 7:49entry here and one here so you have your
236. 7:52average entry if you executed this
237. 7:54perfectly this would have been your
238. 7:56trade today cuz your average entry
239. 7:58between the two and that would have been
240. 7:59a really really good day unfortunately I
241. 8:00did not enter it perfectly I end up
242. 8:02making like 100 200 bucks or something
243. 8:04like that that was it across all
244. 8:05accounts maybe maybe 500 or something
245. 8:07right not too much but that's how I
246. 8:09trade and that will scale over time and
247. 8:12the reality of of trading is if you have
248. 8:14a strategy that is good as this this is
249. 8:16all you need okay so good luck guys
250. 8:18watch the streams that's dumb money
251. 8:20Concepts please post your dumb money
252. 8:22Concepts content that you're making I'll
253. 8:24repost all your post on reals
254. 8:26Instagram Tik Tok whatever I'll repost
255. 8:29all your just tag me dub money
256. 8:30Concepts all I want from this guys is I
257. 8:32don't want to sell you anything later
258. 8:34all I want is for you guys to show
259. 8:36recognition that this is what I made
260. 8:39with some help from from some other
261. 8:40Traders I made this concept I'm teaching
262. 8:43you guys it all for free uh and all I
263. 8:45want is a little bit of recognition for
264. 8:47that um and you know a little bit of
265. 8:49respect because I I honestly don't want
266. 8:51the money anymore I want I want um
267. 8:53respect that's that's all it is I I want
268. 8:55I want people to know that I'm a good
269. 8:56Trader and I want people to learn from
270. 8:59my own ideas and I want people to
271. 9:02appreciate and show show kind of you
272. 9:04know you know I want people to say thank
273. 9:06you you know what I mean that's
274. 9:07basically put it that way okay so thank
275. 9:09thanks thanks for watching guys watch
276. 9:11the Stream