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How Trading Like an Idiot Makes Me $10,000/Month (15 Minutes a Day) — Transcript

by The Rumers · 4,808 words · 692 segments · language en · Watch on YouTube

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  1. 0:00I am the dumbest, most successful trader
  2. 0:02that you will ever meet. While everyone
  3. 0:04else is trying to trade like they're
  4. 0:05performing brain surgery in a blender, I
  5. 0:08am consistently and confidently making
  6. 0:10regular trades that look like this,
  7. 0:12trades that look like this, and even
  8. 0:14trades that look like this using nothing
  9. 0:16more than one simple strategy called the
  10. 0:18sneaky pivot. [music]
  11. 0:20This is the easiest and fastest way for
  12. 0:23any trader of any skill level with any
  13. 0:25account size to start taking steps
  14. 0:26forward [music] because all you need to
  15. 0:28be able to do to master this strategy is
  16. 0:31use one time frame, one candlestick, and
  17. 0:34give up 15 minutes of your time. And I
  18. 0:36think for a lot of you, that's pretty
  19. 0:38easy to do, right? Now, my name is Doug
  20. 0:40and I've been a professional trader now
  21. 0:41for 26 years. And one of the hardest
  22. 0:44lessons I ever had to learn was every
  23. 0:46time I tried to get smarter, cuter, or
  24. 0:49more clever with the market, every time
  25. 0:51I did that, it always made me look
  26. 0:54stupid. And I know for a lot of you that
  27. 0:56are watching, that's the exact same
  28. 0:58thing that's happening [music] to you.
  29. 1:00You're putting in the work. You're
  30. 1:01trying as hard as you can, but your
  31. 1:03results are getting worse. And what you
  32. 1:06need right now is the exact same thing I
  33. 1:09needed then. You don't need to get
  34. 1:11smarter. You need to get simpler. And
  35. 1:14maybe even a little dumber. So, in
  36. 1:17today's video, I'm going to show you
  37. 1:18exactly how to trade this sneaky pivot
  38. 1:20strategy. But before we get into that, I
  39. 1:23want you to know something. I am not
  40. 1:24going to sit up here and waste your time
  41. 1:26and just talk to you about it and show
  42. 1:28you a bunch of hypothetical hindsight
  43. 1:30examples because talk is cheap in this
  44. 1:32industry. I am going to show you exactly
  45. 1:35how this strategy works by trading it in
  46. 1:37a live market with real money, with real
  47. 1:40pressure, and real consequences. That
  48. 1:42way, by the time this video's over, you
  49. 1:44can make the decision for yourself if
  50. 1:45you think the sneaky pivot strategy is
  51. 1:47as simple as I say it is, or you're
  52. 1:49going to watch me lose money trying. How
  53. 1:51about we get started with today's video?
  54. 1:55So, first things first, in order for you
  55. 1:57to get the most out of today's video and
  56. 1:59for you to get the most out of the
  57. 2:01Sneaky Pivot strategy, we have to have
  58. 2:03our chart set up correctly. Now, like I
  59. 2:05mentioned there in the introduction, the
  60. 2:07reason so many people get along with
  61. 2:09this strategy and they love it is
  62. 2:12because there aren't very many moving
  63. 2:14parts, starting with the time frame.
  64. 2:16Where other strategies have you bouncing
  65. 2:18around back and forth between multiple
  66. 2:20monitors looking at different time
  67. 2:22frames, Sneaky Pivot only needs one time
  68. 2:26frame. And the one time frame is a
  69. 2:2815-minute. So, let's start with that and
  70. 2:30set it up on our chart. That's pretty
  71. 2:31easy to do. For reference, I'm going to
  72. 2:33start today's video with the YM Dow
  73. 2:35futures here. Doesn't matter what's up
  74. 2:37there. Just move it over to a 15-minute
  75. 2:39chart. Just click the 15-minute time
  76. 2:41frame and that's all you have to do.
  77. 2:43Notice, no indicators, no mess, no
  78. 2:45noise. Now, once we've done that, we can
  79. 2:48move on to the very first step. And
  80. 2:49here's what it is. We need to identify
  81. 2:52something called the range high and the
  82. 2:55range low and also the swing high and
  83. 2:58swing low. And let me show you what I'm
  84. 3:00talking about. Starting with the range
  85. 3:02high. The range high and low is going to
  86. 3:04be the previous day's high and low price
  87. 3:08of the asset you're trading. So, if you
  88. 3:09take your eyes and you scoot them over
  89. 3:11here to the left, you're going to see
  90. 3:13that this black shaded area represents
  91. 3:16the previous day's trading activity in
  92. 3:19the YM futures. So, what we're looking
  93. 3:21for here is the highest price point we
  94. 3:24see printed and we're looking for the
  95. 3:26lowest price point that we see printed.
  96. 3:29These represent the range high and low.
  97. 3:32So, what I'm going to do is grab some
  98. 3:33sort of horizontal line, some trend line
  99. 3:35that your software has. I'm going to
  100. 3:37come over here and lay the line on top
  101. 3:39of the highest price I see. Just get as
  102. 3:41close as you can with your eyes and the
  103. 3:43lowest price I see from the previous
  104. 3:46day. And this high and low represents
  105. 3:48the range high and low. Now, the next
  106. 3:51step with this, the swing high and swing
  107. 3:53low. In layman's terms, the swing high
  108. 3:56and swing low in this case is the next
  109. 3:59level up above the range high and the
  110. 4:01next level below the range low. Now, if
  111. 4:04you look at the chart I have here on the
  112. 4:06screen, you don't see that price on the
  113. 4:09left. So, what you need to do in this
  114. 4:11case is minimize your chart and go back
  115. 4:14to the left as far as you can until you
  116. 4:17find the next price that was higher than
  117. 4:21the range high. So, range high, we move
  118. 4:25back to the left and right there is that
  119. 4:28next swing high. That will make our
  120. 4:31swing high. So, let's go ahead.
  121. 4:33We'll lay a line right on top of that.
  122. 4:35And we're going to do the same thing
  123. 4:36below. We're going to go back and we're
  124. 4:38going to look for the next low that we
  125. 4:40see, which is right here, okay? That
  126. 4:44should be pretty easy for everyone.
  127. 4:45Let's go ahead and put a line on that.
  128. 4:48And those upper lines and lower lines
  129. 4:50represent the swing high, swing low,
  130. 4:52range high, range low. Very simple. Now,
  131. 4:56these might be recognizable to a lot of
  132. 4:58people watching because these are the
  133. 5:00rumors magic lines. Now, let me show you
  134. 5:02a trick here. If you happen to be using
  135. 5:04the TradingView software, you can
  136. 5:06actually come up into your indicator
  137. 5:08menu here, hit the drop-down tab and
  138. 5:11search for the rumors magic lines, and
  139. 5:13click them, and they'll put them on
  140. 5:15there for you. And better than that,
  141. 5:17it'll actually layer another one up and
  142. 5:20another one below. But just to make this
  143. 5:22video simple, and not everyone's using
  144. 5:24the TradingView software, we're going to
  145. 5:26stick with the lines that we have to
  146. 5:27keep everything clean, but I thought I'd
  147. 5:28mention it for those that use
  148. 5:29TradingView. Now, that's all we need to
  149. 5:31do to establish the range high, the
  150. 5:33range low, the swing high, and the swing
  151. 5:34low. Now, onto the good stuff. Once
  152. 5:37we've drawn these lines, what do they
  153. 5:38mean, and how are we going to trade
  154. 5:41them? And I'll show you. Let's say, for
  155. 5:43example, this is your swing high, this
  156. 5:46is your range high. This is your range
  157. 5:50low. And this is your swing low. First,
  158. 5:54most important, yet very easy rule. We
  159. 5:58are only, I mean only going to buy
  160. 6:02or sell the asset we're trading if and
  161. 6:05only if it is at one of those lines. So,
  162. 6:10in the beginning I told you it was
  163. 6:11simple. There was few moving parts. We
  164. 6:14have one time frame,
  165. 6:16one chart, and four lines. You only buy
  166. 6:20and sell at those lines. Simple.
  167. 6:22Anywhere else, leave it alone. So, now
  168. 6:25the question is, which are the buy lines
  169. 6:28and which are the sell lines? And here
  170. 6:30they are. The upper two lines are the
  171. 6:33sell side lines. What these are are the
  172. 6:36upper bands of resistance of the asset
  173. 6:39you're trading. And in layman's terms,
  174. 6:41what this means is this is the strongest
  175. 6:43sell side force. And every time the
  176. 6:45asset you're trading has moved into that
  177. 6:47level, it has been met with nothing but
  178. 6:49sellers. And until those sellers leave
  179. 6:52that asset, it will never go any higher.
  180. 6:54It will stay there. In inverse
  181. 6:56relationship, the bottom two lines are
  182. 6:58the strongest buy side force. This is
  183. 7:01where the market's muscle memory is
  184. 7:02programmed to buy. Every time the asset
  185. 7:06pulls into one of those levels, it gets
  186. 7:08bought. This is what we want to do. We
  187. 7:11want to sell at the upper two lines. We
  188. 7:13want to buy at the lower two lines. Now,
  189. 7:16here's something that happens every day
  190. 7:18where the edge of the strategy gets
  191. 7:20enhanced. Now, some of you might know
  192. 7:21this or have experienced it, but here's
  193. 7:24exactly what happens in most cases every
  194. 7:26day that you trade. Regardless of what
  195. 7:28you trade, what normally happens is for
  196. 7:30the first 15 minutes of each day,
  197. 7:33the asset you're trading ping-pongs or
  198. 7:36kind of moves back and forth between the
  199. 7:38range high and range low, trying to test
  200. 7:41both the sell side force and the
  201. 7:43buy-side force. Now, shortly after the
  202. 7:4615 minutes, which is important to you
  203. 7:48and I, let's say a phenomenon happens.
  204. 7:51What will usually take place is either
  205. 7:53the range low gets broken and it
  206. 7:56immediately visits the swing low or the
  207. 8:00range high gets broken and it visits the
  208. 8:03swing high almost every single time.
  209. 8:06Now, here is what you and I are looking
  210. 8:09to do and what the sneaky pivot takes
  211. 8:11advantage of. We are looking to either
  212. 8:15sell into the range high and trade it
  213. 8:19back into the swing low or we are
  214. 8:22looking to buy at the swing low or the
  215. 8:24range low and trade it back to either
  216. 8:26the swing high or the range high. Now,
  217. 8:30let me show you exactly the candlestick
  218. 8:32formation we are going to do and how
  219. 8:34this execution works. So, because the
  220. 8:37sneaky pivot is a very simple strategy,
  221. 8:39it uses a three candlestick framework.
  222. 8:41And the candlestick framework looks like
  223. 8:43this. We're looking for a strong, bold
  224. 8:46opening 15-minute candle. We're going to
  225. 8:47call this the opening range candle.
  226. 8:49It'll look something like this. Next is
  227. 8:52more important. The following 15-minute
  228. 8:54candle is something we call the sneaky,
  229. 8:56hence the sneaky pivot. The sneaky
  230. 8:59candle serves two things. It lets us
  231. 9:01know the legitimacy of the first candle,
  232. 9:03like what actually happened there. More
  233. 9:05importantly, it's going to tell us what
  234. 9:07the third 15-minute candle means. This
  235. 9:10third 15-minute candle, which in most
  236. 9:12cases is going to happen at the
  237. 9:1445-minute mark of each day, that right
  238. 9:18there, for all intents and purposes, is
  239. 9:20going to be our entry. Now, the
  240. 9:23three-step framework itself is pretty
  241. 9:26simple, but what's the most important
  242. 9:28part of this framework is not just those
  243. 9:31candles, but how they look and more
  244. 9:34importantly where they appear, hence why
  245. 9:36we started the video talking about the
  246. 9:38magic line levels. So, let's go back to
  247. 9:41the YM chart and let me show you exactly
  248. 9:43how you're going to dial down this
  249. 9:45entry. Okay, so back to the YM chart we
  250. 9:48started with. I left the lines up and
  251. 9:50just for a quick refresher, the upper
  252. 9:52lines is the range high, the swing high,
  253. 9:55the lower lines range low, swing low.
  254. 9:58What is the rules, my friends? We only
  255. 10:01sell up here, we only buy down here. And
  256. 10:05what do we do? What do we do in all of
  257. 10:07this mess? We just stare at the chart.
  258. 10:09We twiddle our thumbs. We maybe check
  259. 10:11our Facebook or Instagram, but we don't
  260. 10:13do anything with the instrument we are
  261. 10:15trading. So, what we're going to do is
  262. 10:18wait for that first 15-minute bar and it
  263. 10:20will tell us what level it picks. We
  264. 10:23don't have to choose being bullish or
  265. 10:25bearish. We're going to let the first 15
  266. 10:27minutes tell us what it is we need to
  267. 10:28do. Now, this is a playback here before
  268. 10:30we get into the live trading just so you
  269. 10:32understand exactly how this works. So,
  270. 10:34when you see it live, you're already
  271. 10:36where you need to be with it, but I'm
  272. 10:38going to play the first bar through and
  273. 10:40what you're going to see happens is it
  274. 10:41immediately plows all the way to the
  275. 10:43lower part of the range, which is the
  276. 10:46swing low, okay? So,
  277. 10:49let me ask you a question. What would
  278. 10:52you do in this situation? Someone is
  279. 10:55forcing you to push this button right
  280. 10:57here on the mouse.
  281. 10:59Are you a buyer or are you a seller?
  282. 11:02You're obviously a buyer. But here's the
  283. 11:05thing we have to understand. We can't
  284. 11:08just randomly buy that because maybe
  285. 11:11today's the day the entire thing
  286. 11:13implodes. We're all out on the street
  287. 11:15corner eating soup cans, carrying
  288. 11:17backpacks, heading for the hills. We
  289. 11:20need what? The sneaky candle. So, maybe
  290. 11:24it's the next candle, maybe it's the
  291. 11:26following candle, but we need the sneaky
  292. 11:29candle. So, the very next candle that
  293. 11:31prints in this sequence, you're going to
  294. 11:33see is a green one. Now at this point we
  295. 11:36have the confirmation that we need and
  296. 11:39this is what I want to show you. First
  297. 11:41and foremost is this lower swing low.
  298. 11:44Now one of the things newer traders tend
  299. 11:47to mess up with and I did too was I used
  300. 11:50to think technical analysis was literal.
  301. 11:52Like I would draw that line and say,
  302. 11:54"That's my stop. That's where I'm in.
  303. 11:57That's where I'm out." But really it's
  304. 11:59just a range. So note the first candle
  305. 12:02came, it printed all the way at the low
  306. 12:04slightly below the swing low and then
  307. 12:08the next candle is green. So this is
  308. 12:11that sneaky candle which means the
  309. 12:14market is intending on being bought back
  310. 12:17up. But again, this might be a sucker
  311. 12:21candle. Maybe the next one just
  312. 12:22implodes, but we have that stability.
  313. 12:25Now mind you, these are 15-minute
  314. 12:27candles. So this is 30 continual minutes
  315. 12:31where the lows have been tapped over and
  316. 12:34over again. So if you were to pull up
  317. 12:35something like a 1-minute chart or a
  318. 12:375-minute chart, there would be a bunch
  319. 12:38of taps and wicks on that low, but it's
  320. 12:42a lot cleaner cuz it's a 15-minute. So
  321. 12:44what we're going to do is look to buy
  322. 12:47above that candle. So the very next one
  323. 12:50pops up through here and you'll see it
  324. 12:52goes right above that. Now here's where
  325. 12:55the entry comes in which is the same for
  326. 12:57the pattern scalp, the same for the
  327. 12:58opening range reversal, the same I use
  328. 13:02in this three-step strategy is we always
  329. 13:04need one candle to go over another
  330. 13:07candle and here's what I mean by it.
  331. 13:09When the price crossed that 15-minute
  332. 13:12candle, which was 49 521,
  333. 13:17that is the entry. The moment it pushes
  334. 13:20above the candle, that's the entry. So
  335. 13:22in this case, we would buy it. Now
  336. 13:24remember, this is a little bit late on
  337. 13:26the entry, but what we're going to do is
  338. 13:28place that stop loss right underneath
  339. 13:31the big buyer. Now, I've mentioned this
  340. 13:32so many times in my last videos. This is
  341. 13:34what I want new people to understand.
  342. 13:36This is what I want struggling traders
  343. 13:37to understand. This is what I want
  344. 13:39anybody to understand who isn't making
  345. 13:41money trading. You're always getting
  346. 13:43stopped out because you never did these
  347. 13:45levels in the first place. That's why we
  348. 13:47started the video with the levels,
  349. 13:49right? If our stop loss is under the big
  350. 13:51buyer or above the big seller, I've said
  351. 13:54before it's like our guardian angel.
  352. 13:55It's a protection device. We're most
  353. 13:57likely not going to get stopped out
  354. 13:59because this buyer has been tested for a
  355. 14:01half an hour and it's continually
  356. 14:04bought. So, that's a pretty simple
  357. 14:06standard format, right? Everybody agrees
  358. 14:08with that. We got the entry, right? So,
  359. 14:10now it comes the target cuz every trader
  360. 14:12struggles with these targets. Am I
  361. 14:13correct? They all struggle with I
  362. 14:14struggle with targets. You're struggling
  363. 14:16with targets. Here's how we fix it.
  364. 14:18Because the sneaky pivot is a
  365. 14:20range-bound strategy, and the reason we
  366. 14:22drew those lines in the first place is
  367. 14:25because that's where it's going back to.
  368. 14:28That's where it's going back to in most
  369. 14:30cases, and that's what we want our
  370. 14:32target price to be. Either the top of
  371. 14:34the candle or somewhere back against the
  372. 14:38bigger seller. Let's just go back with
  373. 14:39the biggest seller here, and you'll see
  374. 14:42that even a couple of more times like
  375. 14:44some of these times it takes a while to
  376. 14:45get up there. But, here's what I want to
  377. 14:46do. Let me stop that. That's moving a
  378. 14:47little too fast.
  379. 14:49>> [snorts]
  380. 14:49>> Here's something that you have to keep
  381. 14:51in mind, and this I'm glad I actually
  382. 14:52used this example. I didn't even know it
  383. 14:54here. But, here's what I want to show
  384. 14:55you.
  385. 14:56Note that
  386. 14:57the ending part of this will eventually
  387. 15:01come. And this is again a big struggle
  388. 15:03for traders. Patience, okay? Note that,
  389. 15:07you know, about a What is that? 45
  390. 15:09minutes?
  391. 15:10It just kind of stayed there, and it
  392. 15:12kept dropping and popping, dropping.
  393. 15:14Look at these wicks. Look how many times
  394. 15:16that buyer was tested. Now, in most
  395. 15:18cases this is going to come off of the
  396. 15:21third or fourth bar.
  397. 15:23But the point is sometimes it doesn't.
  398. 15:25And this is what every trader who's
  399. 15:27watching this needs to understand. The
  400. 15:29drawings from the textbook, the drawings
  401. 15:32from the candlestick chart, they don't
  402. 15:34look like that in real world
  403. 15:36environment. What I want you to focus on
  404. 15:39is trust. Trusting the lower ranged by
  405. 15:43I'm going to move this one down right
  406. 15:44here where the stop would be. As long as
  407. 15:47that thing is holding the low, your
  408. 15:50trade's still valid. It may suck to be
  409. 15:52in it. It may suck that it hasn't
  410. 15:54rallied, but you need to stay in that,
  411. 15:56okay? That's exactly the kind of trade
  412. 15:59we are looking for is to take it from
  413. 16:02the base of either the range low to
  414. 16:05swing low back to the range high to the
  415. 16:07swing high. Now, this is a very simple
  416. 16:10strategy. All of you should have the
  417. 16:12three-stick framework. You should
  418. 16:14understand the lines. So, there's no
  419. 16:16reason for us to do anything else
  420. 16:18but start live trading. I told you I was
  421. 16:21going to put myself on the line. Now's
  422. 16:23the time to do it. Let's trade this in a
  423. 16:25real market, and you can decide for
  424. 16:27yourself. Okay, so the first trade has
  425. 16:30been made for today.
  426. 16:32We have a long here in AAOI,
  427. 16:37and it is five Yeah, 500 shares,
  428. 16:40$170.32.
  429. 16:42Now, I left these magic lines up here,
  430. 16:45and this is with thinkorswim, so it's
  431. 16:47kind of a little bit messy in terms of
  432. 16:49view. I want to show you this in in
  433. 16:51TradingView because there's a slight
  434. 16:52change here
  435. 16:54to these magic lines. I want to show you
  436. 16:56something that's pretty interesting
  437. 16:58here, but right now it's
  438. 17:00500 shares,
  439. 17:02$172.32.
  440. 17:03I think most people can see this, but
  441. 17:05let me kind of move this
  442. 17:07TradingView over here real quick. This
  443. 17:10is the last bar that printed here, and I
  444. 17:11just kind of want to
  445. 17:13go through this because there is a
  446. 17:14change to these magic lines, and let me
  447. 17:17talk about it here and my attention
  448. 17:18might get moved back and forth. So,
  449. 17:21first thing
  450. 17:23is we're looking for range high, range
  451. 17:25low, swing high, swing low, right? So,
  452. 17:28the previous day's high and low price
  453. 17:30are right in here, okay?
  454. 17:34Which makes the swing high
  455. 17:37the very next high above that, right
  456. 17:40here, the 184.
  457. 17:43And then of course the swing low isn't
  458. 17:44isn't too much further. It's right
  459. 17:46underneath of that. So, just like the
  460. 17:47rest of them, there's this huge gap in
  461. 17:49between and usually the swing high,
  462. 17:52range high, swing low and range low are
  463. 17:54pretty compressed like that. Now, if you
  464. 17:56take a look at this
  465. 17:59AAOI, it didn't quite make it there, but
  466. 18:03it was close enough for me and I'll I'll
  467. 18:05tell you why.
  468. 18:06First of all, this is about a
  469. 18:09$15 candlestick. That's that's pretty
  470. 18:11aggressive, right?
  471. 18:14And it's very rangy. So, a lot of times
  472. 18:17they don't give you that opportunity,
  473. 18:18but I want to open this up because there
  474. 18:20is a little bit of an adjustment here
  475. 18:22you can make. This was the third candle
  476. 18:25entry was around that 170.32.
  477. 18:28So, if I lay my cursor right there,
  478. 18:30that's about 170.35.
  479. 18:32So, that was right on point with the
  480. 18:34entry just kind of cresting the sneaky
  481. 18:38candle here, right? But note that what I
  482. 18:41want everybody to understand is this.
  483. 18:43Note the three wicks at the bottom,
  484. 18:47which was in this area. Sorry for
  485. 18:50messing up this chart. I'm going to keep
  486. 18:51my eye on this straight.
  487. 18:53166
  488. 18:54area. So, like down in here, you've got
  489. 18:57those three three points where the lower
  490. 19:01buyer has been tested. So, that's I mean
  491. 19:04that's pretty good right there. There's
  492. 19:05not much you can do and you can see this
  493. 19:07wick kind of just turned around. It
  494. 19:08looked like it was just going to pop
  495. 19:10back through the low. Let me open that
  496. 19:11up where it's nice and I it. Just right
  497. 19:13there. I mean, it looked like it was
  498. 19:14going to dive right in there to the low.
  499. 19:16Snaps back up. There's the entry.
  500. 19:18Now, this is really, really far. I mean,
  501. 19:20really far between the next time. So,
  502. 19:22there's a good chance you can still make
  503. 19:23it back to 182. You can always reduce
  504. 19:28the magic lines to the opening candle
  505. 19:31like the high
  506. 19:33and the low of the 15-minute candle. If
  507. 19:35it's really, really aggressive like that
  508. 19:37and it's range extended where it's
  509. 19:39chewed up most of the daily range.
  510. 19:42You can always wait for that first
  511. 19:4315-minute candle to close, mark the high
  512. 19:46and low, and start working off of there
  513. 19:48and you'll see
  514. 19:50that's kind of what it is. So, I just
  515. 19:51wanted to show it there cuz there was a
  516. 19:52few differences in the
  517. 19:55magic lines, but the the the end result
  518. 19:57is the same. You got close enough to the
  519. 19:59bottom range.
  520. 20:00And of course, what we're trying to do
  521. 20:02is trade you back up in here to the top
  522. 20:04part of this range. That's a long way to
  523. 20:06go. That'd be a hell of a good trade,
  524. 20:08but that's what we're going to try to
  525. 20:09do. Okay?
  526. 20:10So, I will keep you updated on this one.
  527. 20:12Okay, back on the mic real quick. We got
  528. 20:14another one. We have long GGL. This is a
  529. 20:18Google ETF.
  530. 20:20Uh price is 1,000 shares
  531. 20:2313664.
  532. 20:25And I'm going to explain this one here
  533. 20:27on TradingView because it is easier to
  534. 20:29do that. Let me queue that up here real
  535. 20:31quick.
  536. 20:32Just give me a second. Okay. So, here's
  537. 20:34what it looks like. This is GGLL. This
  538. 20:37is a Google
  539. 20:38ETF. Um
  540. 20:40the bar's already been trading. So,
  541. 20:42because this is a replay, the bar hasn't
  542. 20:44finished. We jumped in pretty early and
  543. 20:46it kind of took off. I I think most of
  544. 20:48you at this point can can follow along
  545. 20:50with this process, right? I want to do
  546. 20:53just, you know, one more overview of of
  547. 20:55the magic lines and the trade and all
  548. 20:57that good stuff. So, going back to the
  549. 21:00previous day's high price and low price
  550. 21:02cuz I think on both of these,
  551. 21:04they're a little different um because
  552. 21:06everything is so rangy. The bottom's
  553. 21:09pretty easy. It actually was a double
  554. 21:11bottom there on the daily chart. And
  555. 21:14again, coming up just a tad bit short.
  556. 21:17So, this would be range high, range low.
  557. 21:21And then you have to go back really,
  558. 21:23really far here. Actually, no, not too
  559. 21:25much.
  560. 21:26That'd be the swing high.
  561. 21:29And then the swing low would be way down
  562. 21:32here. Again, another rangy
  563. 21:34instrument because this is an ETF that
  564. 21:36mirrors the stock Google. But you're
  565. 21:38seeing the same pattern.
  566. 21:41Is that
  567. 21:42the middle range is always so wide.
  568. 21:46So, just like AAOI, you you didn't quite
  569. 21:49make it down there, but you had the same
  570. 21:51same thing. Three tail wicks
  571. 21:55close to the big buyer. And you're just
  572. 21:58looking for that cross. And I want to
  573. 21:59show you these because
  574. 22:01you know, in real life terms like this,
  575. 22:04technical analysis this is not literal.
  576. 22:05That's close enough.
  577. 22:08And it was just it's always just the
  578. 22:09same trade as AOI. Um Now, you can
  579. 22:12always, again, just use the opening
  580. 22:1515-minute candle, but I think this is
  581. 22:17this is fine. There should be at least a
  582. 22:20uh an outside chance it makes a a push
  583. 22:22up towards the upper seller before the
  584. 22:25day's over. Uh but I mean, that's it.
  585. 22:29Straightforward, pretty simple stuff.
  586. 22:31Right?
  587. 22:32>> [snorts]
  588. 22:33>> All right. So, it's been a little while,
  589. 22:34but looking at GGLL. What a monster.
  590. 22:37Went right back up to that open range
  591. 22:38there.
  592. 22:39Uh
  593. 22:41good trade so far. 14 on this one.
  594. 22:44Uh so, we're going to target that next
  595. 22:45area up there, 1
  596. 22:4739.54.
  597. 22:49And if we could go back over here real
  598. 22:51quick. Where is it? There it is. AAOI.
  599. 22:55This one's working slacken lagging a
  600. 22:57little bit there. But I think if we get
  601. 22:59through that 176, we can get that upper
  602. 23:01range. I mean, look at that. Um
  603. 23:04let's hope that candle sticks.
  604. 23:06Yeah, about 18 on this one, so
  605. 23:09we got there almost 3K on these two.
  606. 23:11Looking good. I mean, at this point,
  607. 23:12it's just
  608. 23:14it's just auto pilot. I mean, hopefully
  609. 23:16you guys can can see it here.
  610. 23:18It's just it's simple. I mean, as simple
  611. 23:20as simple can get, right?
  612. 23:23>> [sighs]
  613. 23:23>> Okay, it's been a long day. I'm tired,
  614. 23:26but I'm going to update you on these
  615. 23:28trades. And I really want to do this one
  616. 23:30because when you trade live, you get
  617. 23:34live situations. Remember, no
  618. 23:35cherry-picked charts or circumstances.
  619. 23:39We had a little change. We had one turn
  620. 23:41out real good out of those trades, and
  621. 23:43one
  622. 23:46one kind of stuck it to us, man. It
  623. 23:47sucked a little bit. So, let's start
  624. 23:49with the good one here. AAOI Um take a
  625. 23:52look at this. Later in the day, it had
  626. 23:56moved up quite a bit. It was lagging
  627. 23:59Google GLL there for a minute. Taps the
  628. 24:02top range, and look where it ends up.
  629. 24:04Gets right up there, right at the end of
  630. 24:06the day. Now, the market's closed now,
  631. 24:07but right there towards the
  632. 24:09end of the day, it taps into that that
  633. 24:12upper
  634. 24:13seller. Perfect. So, we got a lot more
  635. 24:16out of this one, almost almost 3K. So,
  636. 24:18that that's pretty good.
  637. 24:21But, Google
  638. 24:23Google was very, very mean to us. Let me
  639. 24:25pull this up here, GLL. Oh my my. Take a
  640. 24:29look what happened here.
  641. 24:31>> [sighs]
  642. 24:32>> Google got stuffed. I mean, everything
  643. 24:34looked really good uh making a really
  644. 24:37nice V shape.
  645. 24:40Uh
  646. 24:41but damn, it got rejected. I had to turn
  647. 24:43around and cut this
  648. 24:45as it started dropping. I mean, just
  649. 24:46kind of it felt like out of nowhere. The
  650. 24:48first this 15-minute bar just plowed. It
  651. 24:51was so fast and it dropped so quick.
  652. 24:54I held onto it through here cuz I
  653. 24:55thought maybe it would, you know, kind
  654. 24:57of flag and revisit like it did back
  655. 24:59here. But, damn, the thing went down. I
  656. 25:03mean, all the way into the
  657. 25:06the big buy. I mean, if there was more
  658. 25:07time in the market, I would probably buy
  659. 25:09that. But, you know, it shows you they
  660. 25:12just kind of tap range to range. Really
  661. 25:15disappointing cuz I think at one time
  662. 25:16the height of this was almost 2K.
  663. 25:19And, um as you can see, they sold it for
  664. 25:22um
  665. 25:22rublets. Let's say rublets. I mean, they
  666. 25:25gave a chunk back on this, but the ROI
  667. 25:27was
  668. 25:28uh was good, right? So, anyway,
  669. 25:30uh real stuff there. So,
  670. 25:32again, guys, I think the the process is
  671. 25:34really simple at this point. You see the
  672. 25:36trades. That's two for two.
  673. 25:39Well, the Google was kind of upsetting,
  674. 25:41but, you know,
  675. 25:42that happens from time to time when you
  676. 25:44trade, and it's just what you have to do
  677. 25:45with if you're going to participate in
  678. 25:46this.
  679. 25:48So, anyway, I'm going to wrap up this
  680. 25:49video.
  681. 25:50It's been a long day. I hope you learned
  682. 25:52something. If you're looking for a great
  683. 25:54selection of ideas down in the
  684. 25:56description box, we send a free watch
  685. 25:58list out every week. Sent on Sunday.
  686. 26:01It's completely free. Something we offer
  687. 26:02to the community. The link is down in
  688. 26:04the description. And as always, I want
  689. 26:06to thank you for watching today's video.
  690. 26:07It's my pleasure. Take care, trade well.
  691. 26:09Until the next video.
  692. 26:11Cheers.

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