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Easiest Trading Strategy (80-90% Win Rate) - DMC — Transcript

by Dumb Money Hunter | Maven Founder · 2,896 words · 387 segments · language en · Watch on YouTube

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0:00You're trying a bunch of different
0:00strategies and nothing seems to be
0:02working. Let me break it to you. Your
0:04strategy doesn't really matter. I've
0:06devised a strategy called Dumb Money
0:08Concepts. It is a play on Smart Money
0:10Concepts. It's so incredibly simple to
0:12follow and it's going to allow you to
0:14focus on what actually matters in
0:16trading. As I just said, you try a
0:18couple different strategies, nothing
0:19seems to be working. It's because the
0:21strategy is not that important. This is
0:23going to be a simple set rules that does
0:26work for sure. Then you can focus on
0:28your internal discipline. The problem
0:31that most traders have when it doesn't
0:32come to your mindset and psychology is
0:34you're either drowning in information.
0:36This is why I say ICT and SMC doesn't
0:38work. This is why I say all sorts of
0:40strategies do not work. It's because
0:42there's so many conflicting points of
0:43views and so many things that can mess
0:46you up. So we must simplify it. Or two,
0:48you have no plan whatsoever and when you
0:50have no plan whatsoever, you don't have
0:51targets, you don't have exits. So again,
0:53let's make it super simple. Let's jump
0:54into the charts. I'm going to show you
0:55your strategy right here. Like I said,
0:56this is the entire strategy. It's a very
0:58quick PowerPoint, guys. You make it
0:59super simple. You don't use any
1:01indicators and you follow one little
1:03thing. And all that little thing is does
1:05it gain, does it lose a level, or does
1:07it fail to gain or lose a level, right?
1:09So what do I mean by that? This is the
1:10entire strategy. We have a key point,
1:13right? Wait for the price to hit that
1:14level. You then have a wick or an
1:16attempt to pass it. You have an attempt
1:18to pass that level. You fail to. What
1:20happens next? Boom. Close back within
1:23the range. Next, price reverses. Where
1:27does it reverse to for sure? It reverses
1:30to the origin of that move, right? So
1:32just because this continues down doesn't
1:35necessarily mean that we're going to
1:37trade that whole thing. We only know the
1:39next move and we're going to simplify
1:41that so so simple that you could have
1:44just instantly shorted there, right?
1:45That's it. That's literally it. So by
1:47the end of this video, we're going to
1:48jump into identifying levels,
1:50determining the trend, entering and
1:51exiting, and your risk management it
1:53doesn't really matter cuz you're going
1:54to be right. So
1:55let's do it. All right, so when you're
1:57identifying levels, let's let's start
1:59off on the higher time frames, right?
2:00You can use the monthly. Very often
2:02you'll see the monthly levels here. So,
2:03what you want to do is those untested
2:05candle bodies. And as you can see, hey,
2:07we have a level here. These levels are
2:09very obviously going to be pivot points.
2:11You know that untested monthly levels
2:13are going to be bounced off of. It
2:15happens for sure, okay? You just don't
2:16know how far. So, you see there it also
2:18lined up with a weekly and then bounced
2:19off of it. You can also see, hey, we
2:21have these weekly levels. So, this is
2:22your first bet is draw out where are
2:25these weekly and monthly levels that are
2:27untested, okay? And then you kind of
2:28have a range of where you're going to be
2:30able to blindly enter on some trades,
2:32right? And we can go back down to the
2:33daily and you can see, hey, higher time
2:35frames, these are going to be super
2:36important pivot points, right? So, as we
2:38pass this level, this is called a
2:39pass-through level for me. We're going
2:40to identify that level as well. And we
2:42can identify the upper side level as
2:44well here, right? So, we have a couple
2:45recent levels. So, what's the difference
2:46between a tested and an untested level?
2:48Well, if you go back to the weekly, you
2:49can see, hey, this level was already
2:51tested here. And when when it tested,
2:53you failed to go below it. So, using
2:55this logic that we just explained at the
2:57start, we failed to go below that level.
2:58So, what did it do? It goes back up to
3:00the origin of the move that brought it
3:01down, okay? And you can see, hey, we
3:03went right to that level before coming
3:04back down and once again testing this
3:07level that was then created later. We
3:08failed to to lose it again. So, the next
3:10move back up is going to be back up
3:11here, okay? Back to the origin of that
3:13move and we have to retest that level
3:14again. Once a level has been tested
3:16once, it's pretty unlikely that it will
3:18hold as support unless a new level was
3:21created there. So, you can see here,
3:22this level tested and bounced off of
3:24this level and this level tested and
3:26bounced off of this level. Usually, if
3:27you can see here, this level was already
3:28tested and when we came up again, it
3:30went past it and went to the next level
3:32behind, okay? That's how we identify
3:34important key levels. Next, we want to
3:36determine the trend. Now, trend doesn't
3:38really matter that much. All you really
3:41want to know is what is the next move,
3:43right? We can use trend to make it more
3:46likely that our moves are going to be
3:48correct, but the reality is, hey, if the
3:50trend, let's call this a trend on the
3:53higher time frame is bouncing off of
3:54that and we say, "Hey, it's probably
3:56going to be coming up here because we
3:57know the next move of the weekly, then
3:59most likely the trend on the 4-hour is
4:02going to be following that." Okay? So,
4:04you want to be looking for trades within
4:07that next move. So, I'm only saying the
4:09trend as the next higher time frame
4:12move. I'm not identifying trend the same
4:14way as other people do where they say
4:16lower a higher lows and higher highs,
4:18right? Means an uptrend. Right? We're
4:20not doing it that way because that's a
4:21silly way to judge it because we don't
4:23know when it's going to turn. We know
4:24it's going to turn up here. So, this is
4:26the move that we're trying to satisfy on
4:28the higher time frame trend. So, just to
4:30be clear on that, our trends don't
4:32really matter. What we're looking for is
4:34the next move. And when we're looking at
4:36the higher time frames, the next move is
4:38a much larger move than the moves on the
4:40lower time frames. So, everything ends
4:42up being a fractal of each other and
4:44they start cascading into each other.
4:46So, the trend on the lower time frame is
4:48going to change first and then it's
4:50going to start cascading into the higher
4:51time frames, thus making the higher time
4:53frames change later. But overall, if
4:56we're trying to find the trend and make
4:57things most probable, we want to look at
4:59that major move on the weekly, daily,
5:02and monthly levels and then take trades
5:05intraday based off of that direction.
5:07Okay, so the next thing I want to
5:08illustrate is we've already determined
5:09that, hey, when we have this failure to
5:12lose a level. We have the failure to
5:13lose a level right here. We already know
5:15that it's going to go back to the origin
5:16of this move, right? We already know
5:18that that's going to be happening,
5:18right? Before it does comes back down.
5:20But what happens when, you know, you get
5:22these closes instead? These are
5:24basically the same thing. We have a
5:25regain of this zone. And when we regain
5:27a zone, which is essentially the same as
5:30having a wick because this is an attempt
5:32to break that level and you've just
5:33regained it really quickly. Or we can
5:35lose the level and then regain it, okay?
5:37So, now that we're back in this zone,
5:39it's more confirmation that we're going
5:40to be targeting the other side of that
5:41zone, okay? A perfect example here is
5:43you lost this level before and then when
5:45you came back in and you regained it,
5:47you gave a little wick test here of the
5:49level before targeting the other side of
5:50that zone. It ends up being the exact
5:52same thing as a wick, as you can see
5:54here. You can see the wick and then you
5:55have target the other side of the zone.
5:56The wick is just a more momentous move.
5:58This all goes under the guise of what
6:00I'm determining the trend or the next
6:02move to be. Entering and exiting trades,
6:04you have a few different options. We
6:05have the option of blind entry where
6:07it's an untested higher time frame
6:09level, which we already talked about.
6:10You have the option of waiting for
6:11confirmation of a bounce off of that
6:13level and you have the option which I
6:14used to use in my previous lessons which
6:16dollar cost average, which allows you to
6:18get the best possible price without
6:20really knowing what level it was going
6:21to be. Each of these have their own
6:23drawdowns and each of them have their
6:24benefits. So let's look at it. Entering
6:25a blind level, where you'd want to be
6:27entering a blind level is is essentially
6:28a untested daily, weekly, monthly, like
6:31higher time frame untested levels. These
6:33levels pretty much always get some sort
6:36of reaction off of it. Let's even just
6:38look here at like I have a blind level
6:39right here, right? Let's look at see at
6:42what sort of reaction that happened even
6:43just This looked like it didn't even
6:45bounce off of it, right? So sometimes
6:47you won't get a reaction, but you can
6:48literally see here there was a reaction
6:50when it first got to that level and it
6:52was a pretty solid reaction. So you
6:53could have just entered blindly here
6:55with a pretty decently tight stop and
6:57then all you had to do was was target
6:59the next level up. You have one hour
7:00sort of set up here. You could have
7:01taken quick little scalps there, but if
7:03it did happen to dump through it, you
7:05know, this would have been a decent
7:06amount of drawdown that you probably
7:07wouldn't want to hold through. So those
7:08blind levels are best when they're used
7:10on higher time frames and you just go
7:11for quick scalps. Now where you'd want
7:13to wait for a reaction would be maybe
7:15lower time frames to see hey like I
7:16wouldn't I probably wouldn't be looking
7:18to blindly enter on this level here on
7:20that four hour cuz it's a bit lower, but
7:22I can see a reaction off that level and
7:24we can see the wick and then from there
7:26what you'd want to do is you'd wait for
7:27a retest of that same level and then and
7:30then you would get in and you would
7:31short, right? With a stop behind
7:32wherever and you again target the other
7:34side. Now if you want to watch in detail
7:36and get my exact stops, my exact take
7:39profits, jump into the discord, jump
7:40into in stream because I'll show you
7:41exactly where I'm placing things. This
7:43video is not long enough for me to tell
7:46you all of the nuances of everything I
7:47do because this strategy is very, very
7:50good, okay? Like much better than what
7:53you're going to get out of this video. I
7:54can get like a 90% hit rate with what
7:56I'm doing, which I can't explain in a
7:5810-minute video. Again, everything is
8:00always free. I will never charge you for
8:01lessons. Nice. So, for the third option,
8:03you can do a DCA sort of strategy. And a
8:05DCA strategy is good if you don't really
8:07understand what you're doing, honestly.
8:10I don't use it as much anymore, but
8:11sometimes if I have a zone that I'm
8:13looking for, let's look at Bitcoin
8:15recently here for an example, right? If
8:17I have a zone on this higher time frame
8:18and you it's a basically the same as a
8:20blind entry except you have multiple
8:22entries, right? So, you have a big zone
8:24here. I'm going to draw like you can see
8:25the zone on the monthly here. So, when I
8:27entered Bitcoin, what I did is I DCA'd
8:29at 70k and I did uh 60k because that's
8:32the zone I wanted to enter on. So, I did
8:34one at the top and one at the bottom.
8:35Now, what you can do here is you can
8:37average out as it comes back up to to
8:39make sure you get a really good entry so
8:40you're not over-risking. Let's break
8:42that down in further detail just so I
8:43can show you how you'd be exiting if
8:44you're, you know, over-risked in a DCA.
8:46So, in an example like this is if I I
8:49entered here and I entered here, this is
8:51a support that's turned resistance now.
8:53What you'd do is you buy here and then
8:55exit there the first trade at break
8:57even. So, that way your first position,
9:00you only have one position and it's
9:01really good entry now, right? If it
9:02continues to drop lower, you probably
9:04would want to exit that trade because
9:06this was your zone. I don't want you to
9:07just keep DCA'ing as long as it's
9:10running and Martingaling because that's
9:11going to ruin your your account
9:12eventually, really poor risk management.
9:14So, as for exiting, you can either
9:16average out the same sort of way I was
9:18telling you here or you can simply do
9:20the next swing high or a important key
9:24level. So, the exact same way you're
9:26going to enter is going to need the
9:27exact same way you're going to exit,
9:29okay? So, if you have major time frame
9:31levels, right? Say I have one here, I
9:33probably want to exit my long right
9:35there because that's a pretty good spot
9:36where I think price is going to reverse
9:38at. Or I can target new highs and it's
9:40going to be dependent on each situation,
9:42but you're going to want to shoot for
9:43maybe one, one and a half hour per trade
9:45and you can justify where you want to
9:47place it based off of that. Also, if
9:49you're if you're entering off of a
9:51weekly a weekly candle here, it's maybe
9:53not a good idea to exit on a daily. You
9:55might want to exit on the new high
9:56because you are trading on the weekly
9:58time frame and that might just be a
9:59short little bounce off of it. But use
10:01your best judgment, okay? One more thing
10:02is if you are trading and it it tells
10:05you that the trend has now shifted the
10:07other way. So, let's say we were bearish
10:09here, right? Because we had this wick on
10:11that level, right? And we sold and we
10:13let's say we we were targeting this low
10:16instead of that level and they failed to
10:18make a new a new low, now we should exit
10:21because most likely what it's telling us
10:22is the trend is now shifted and it's
10:24coming back up here. So, it's a very
10:25likely that we get stopped out of that
10:27trade and we can just re-enter later cuz
10:28we don't want to be attached to any
10:30trades. We can just jump in and out, no
10:31problem cuz we're always just looking
10:32for what is the next move and if the
10:34next move is going against us, we don't
10:35want to be in that. As for risk
10:36management, how much should you be
10:37risking? Make sure you feel
10:39uncomfortable while trading so that you
10:40can practice your emotional control, but
10:42not so uncomfortable that you have to
10:44look at the chart. Say that again, you
10:45want to you want to feel a little bit
10:47uncomfort when you lose like let's say
10:48100 bucks is a decent amount for you to
10:50lose. I want you to bet 100 bucks then,
10:51but I don't want you betting a thousand
10:53dollars because then you have to look at
10:54the chart constantly. If 100 dollars is
10:56not a huge deal to you, but it kind of
10:57sucks, that's the perfect amount to bet.
10:59Stop losses, I don't really use them too
11:01much, but the stop loss I tend to put
11:03behind the next level behind. So, that
11:06way your risk management, you still have
11:08it there just in case in case something
11:10happens, but this way it allows the
11:12option for the market to stop out the
11:14other guys without stopping you out. So,
11:16if you have a level here that you want
11:18to you want to be out at, I put my stop
11:20loss at the next level behind instead of
11:22that level. And then one final thing,
11:23don't use Martingale. When I told you to
11:24DCA, DCA once or twice, not more than
11:27that, okay? I think that's all, boys.
11:28Follow the live streams, join the
11:29Discord, a lot more in detail here. I'll
11:32review your trades, whatever you guys
11:33want. I'm here to help, okay? Thanks for
11:34watching.

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