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I Always Wait For THIS Before Entering Trades ( Unsharp Candles ) — Transcript

by The Rumers · 5,035 words · 664 segments · language en · Watch on YouTube

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0:00today we're going to be talking about
0:01entries this is the biggest secret
0:03weapon used by all the top Traders
0:05everywhere in the world they are Masters
0:07at this and if you want your trades to
0:09start performing better all you need to
0:11do is Master your entries just think
0:14about it how many times have you taken a
0:16loss on the trade only to watch that
0:18thing move in your favor seconds later
0:21just like you originally planned or how
0:23many times have you taken a small profit
0:25on a trade then you spent the rest of
0:27your day just watching that thing go
0:29higher Higher and Higher and you're not
0:31even in it anymore or Worse how come the
0:34harder you study or the more trading
0:36knowledge that you consume you do not
0:38find yourself making any real progress
0:41you continue to stay stuck in the mud
0:43now if this is you your problem is
0:46injuries by the way my name is Doug and
0:48I've been a professional Trader now for
0:49more than 20 years this is my life and
0:52today I'd like to show you the easiest
0:53and fastest way for you to master your
0:56entries with something we call the FSE
0:58method first sign execution also known
1:01as the unsharp this is something that I
1:03used last month to help me make an
1:05excess of $100,000 of trading profits
1:08it's also something that I've taught to
1:10hundreds of Traders from all over the
1:12world and I've helped them transform
1:14themselves from being consistently
1:15frustrated to consistently being
1:17profitable and today I'm going to show
1:19this to you in just four simple steps
1:22now before we get involved in the steps
1:24about the unsharp method let's talk
1:26about what it is because there's a good
1:27chance you've not heard about it before
1:30it's a way to predict a future pattern a
1:33chart pattern long before that pattern
1:37has developed and let me show you what
1:38I'm talking about right here on the
1:40screen you will see your typical chart
1:42pattern cheat sheet that you can get
1:44anywhere on the Internet it's got all
1:46the good stuff on there that you've
1:47probably learned the triangles the
1:50double triple bottoms the wedges The
1:52Head and Shoulders the flags everything
1:54that you need to make money but if I
1:56open this up and I just focus on a
1:57couple of these patterns I want you to
2:00just look at them for a second and I
2:02want to highlight the word entry since
2:04that's what this video is about do you
2:07notice anything that might be a downfall
2:09when it comes to traditional chart
2:11patterns about these entries in these
2:14type of formats with what you're seeing
2:16right here that is taught to a lot of
2:18Traders out there your entry is so high
2:22on a pattern like that so if you're
2:23trading on a one minute or a f minute
2:25chart for example just a few minutes
2:28prior to that recommended entry that
2:31asset was trading down there okay now
2:34look what this does to you as a Trader
2:37it makes your target prices and your
2:39stop losses extremely condensed do you
2:42see that how they have these entries
2:44stop- loss your target prices see how
2:47condensed those are these will work for
2:49you I'm not saying that they won't and
2:51I'm not saying that they don't have a
2:53place because sometimes we have to use
2:55these because markets can be
2:57unpredictable but in 80% % of the
3:00situations what if I was to tell you
3:02right now that I could actually give you
3:04an accurate signal to where you can get
3:07in down here with a stoploss down
3:12underneath of that and the Target price
3:15at the same location reducing your risk
3:17exposure expanding your Target and doing
3:20it with 80% accuracy that's the unsharp
3:24method now this brings us to step number
3:26one which is how on Earth are we going
3:28to figure out this pattern is going to
3:30develop long before it develops it's not
3:32like we have a time machine or something
3:34right the good thing is we don't need
3:36one all we need is a series of three
3:39candles and it's that easy starting with
3:41something we call the lead candle now
3:43I'm going to go over this in detail here
3:45in just a minute but for starters the
3:47lead candle is something that draws our
3:49attention to the setup taking place and
3:52I know you've seen a very bold robust
3:54strong candle that looks like this in
3:56fact it's probably freaked you out and
3:58you're going to learn here in a minute
3:59that's actually done on purpose but this
4:02is what draws our attention to the setup
4:04number two is something we call the
4:06confirmation candle now the confirmation
4:08candle is exactly as it is spoken it's
4:11to confirm the legitimacy of the buyer
4:14who stepped in and bought that bold red
4:18strong candle we need to know their
4:20seriousness and their legitimacy before
4:23we put our money on the line and the
4:25last part of this which is very
4:26important is the execution candle there
4:29will be be another candle that will
4:31appear letting you know that a pivot is
4:34about ready to take place we have to get
4:36in this spot as fast as we can this is
4:40where our risk versus reward is at its
4:43best our risk is super low our rewards
4:45are super high now let me show you what
4:48this looks like on a real life chart so
4:50let's take a deeper look at this right
4:51here on the screen you're going to see
4:52an intraday FIV minute chart of the S&P
4:54500 ETF the Spy I want to make it clear
4:57again I've already said this I don't
4:59care what you're trading don't care what
5:01time 1 minute 5 minute 4 Hour 1 hour
5:03that's that's irrelevant the only thing
5:04that matters at this point is that you
5:06internalize the concept and put it to
5:09work for you now this is spanning over a
5:11series of two days on this chart and you
5:14can see already your ey should be
5:16somewhat trained for basic pattern
5:18recognition I'm going to show you the
5:20difficulty with that you can see you got
5:21a series of ups and down like a bunch of
5:23check marks Did a video about that once
5:25right but over the course of a couple of
5:27days it didn't really grow that much in
5:29PR just stayed compressed in a Range
5:31which is normal for a lot of assets but
5:33what I want to do for this video right
5:35here is break down each one of those
5:37candles and to tell you why they happen
5:39and how this is going to make you some
5:40money and to do that and to save time I
5:42just want to look at the rallies so
5:45let's start with this one and just kind
5:46of Mark the very top of this rally it
5:48could be up here but let's just go with
5:49this one right now if we retrace this
5:52back to its origin you'll see that it
5:54started right here so if you had a time
5:56machine and this chart in front of you
5:59that's where you would enter at the very
6:01tippy tippy bottom it's tippy tippy
6:03bottom of word you'd be right there at
6:04the bottom of that thing and you'd be in
6:06that trade so let's go back and tell me
6:09what do you see before those candles
6:13because as Traders we can't figure out
6:15it's a long over here we're late we have
6:17to figure that out here now here's how
6:19it's done take a look at the activity
6:22the price action before this move
6:25happens you have what you have a series
6:29of lead candles there's a flush move now
6:32here's what I want to talk about I want
6:33to try to make this as easy as I can
6:35because this is all you need to know
6:37this my friends it's engineered it is
6:40there on purpose this is why you see it
6:42so many times like if I back this chart
6:44out you're going to see this everywhere
6:45there's tons and tons of flushes and
6:48abrupt shifts of sentiment this is what
6:51stops the rookie and the new Trader out
6:54now I can go into this for hours don't
6:56want to do that I know you've heard
6:58terminology in the market such as
7:00liquidity that's a good one people use a
7:02lot Market structure stop trap stop
7:05running all of that stuff has a place
7:08but this is an engineered move to create
7:10that liquidity it's excess inventory it
7:12it starts a move to allow some larger
7:15party to get into the trade that's all I
7:17want you to think that's the basic
7:19element there's a little bit more to it
7:20but let's stay with that and here's how
7:22you know because take a look at what
7:25happens let's open this up so we all can
7:26see it because it's really important
7:28this is the
7:30lead Candles now they don't look as
7:32aggressive because the charts really
7:34spread out but take a look right here
7:37notice what happens I've gone through
7:39this hundreds of times on this channel
7:41the John Wick candle some sort of Wick
7:44some sort of engulfing candle something
7:47that shows buying is actually taking
7:49place and if you look real close you'll
7:52see at the tail of this candle and this
7:55candle are matching that means over a
7:5810- minute span there were several
8:00attempts to try to press that that cell
8:03off lower but guess what it didn't
8:06happen the reason it's not happening is
8:08because that big buyer is taking little
8:10nibbles nibble nibble nibble nibble like
8:12it's on an algo and they just chipping
8:14away chipping away chipping away
8:15chipping away now that could be a fake
8:19let's let's let's let's face it we all
8:20get faked out every once in a while and
8:22it just blows through and it does this
8:23again but right here you're going to see
8:26the confirmation candle it does
8:30so after 15 minutes of just jocking
8:33around and slamming people all over the
8:35place chewing them up it does not go any
8:38lower that's how you know the lead
8:40candle creates the panic and fear to get
8:42their rookies to sell the big houses
8:45come in and nibble away at those
8:46positions it stabilizes over 10 to 15
8:49minutes and then all of a sudden there's
8:50this candle beautiful right that that is
8:54the entry right there we want to be in
8:57let me clean that up we want to be in
8:59right right there at the tip of that
9:01entry now you could have got another one
9:03right there on that little pull with the
9:05stop loss right here and take a look
9:07what happens right now let me show you
9:10something like your typical flag pattern
9:12right which would be this you come up
9:14you pull back you would take it here
9:17right that would probably be your entry
9:19I'm just saying probably stop would be
9:21right there but look that trade fatigued
9:24out real quick again you would have made
9:26some scalping money and I do want to
9:27make it clear I'm not dogging that
9:29saying that that has no place in the
9:31market because maybe it does maybe you
9:32were busy you had schedule problems you
9:34couldn't be there and catch the big move
9:36look you have to make adjustments this I
9:38know but look it fades out you missed a
9:41big move but the move was there earlier
9:44now let's just do this again if I come
9:46over here and we look at the secondary
9:47rally this pivot here let's mark it the
9:51very top of this to this right now if we
9:56open that up you're going to see the
9:59exact same thing what happens before
10:04this rally right there guys right there
10:08you have your lead candle almost The
10:12Identical print and there is the
10:14execution or the confirmation candle
10:17there's the execution candle hopefully
10:18I'm making that clear let me back it up
10:20try to take a deep breath here right the
10:23if you look at these let me just try
10:25this and make it a lot easier this and
10:29this
10:29if you look at that they are almost
10:33identical in their formation so think of
10:36this the market gave you that trade in
10:39the morning then about an hour later it
10:41handed it to you again that's how simple
10:44this is but you'll see it all begins
10:47with the trickery to sell now this
10:49brings us to step number two which is
10:51really important like how do you trust
10:54this move because as a new Trader I'm
10:56sure that red bar probably freaked you
10:58out you've seen tons of these on your
11:00charts and they've probably already
11:02freaked you out and you know what
11:04they're supposed to do that that's why
11:06they happen in the first place right but
11:08the key is this how do you develop the
11:10strength the Courage the konus to jump
11:14in there when everyone else in the world
11:16just can't do it and that's simple it's
11:19called levels what if I told you right
11:21now that there was a very predictable
11:24spot on every chart every day where it
11:28is most likely to produce the exact
11:30candles that you're looking for because
11:32there is let's move to the Chart again
11:35and let me show you now let's go back to
11:38that first level the very first rally
11:41and I want to lay just a nice line on
11:43here it doesn't have to be perfectly
11:45straight but I want to put the line at
11:47the very bottom portion of that pattern
11:51now if I back this out you're going to
11:53see that this wasn't a secret in the
11:57pre-market did this video once about
11:59pre-market activity there there was or
12:02this actually postmarket this was being
12:05challenged at a specific area and if we
12:08back it up it's probably going to end up
12:10matching another area in the past where
12:13there was a cluster of activity so let's
12:16look at how this is going to help us
12:19with the trades that we have so for
12:21example when something like this begins
12:24to move down we focus on that lead
12:26candle that draws our attention to the
12:28trade as it comes down in here about at
12:31this point your eyes should already be
12:34focused on these other levels over here
12:38that's where you should be looking for
12:40the confirmation candle because the
12:43speed in which these take place
12:45sometimes it's just too fast especially
12:47in a high volume volatile situation so
12:49you'll see it comes right into there and
12:53that's where that move takes place now
12:56if you look back here the same move was
12:59a little bit of a higher low but it was
13:01very close to that same area so what
13:04made that move special in terms of the
13:07level is it gave you an extra piece of
13:10verification that that very large buyer
13:12has now returned to the market and that
13:15that's going to be hard to break that
13:17cycle lower for that day so take a look
13:19it happened right there now if I move
13:21over to the other day and just kind of
13:23pan it out you're going to see the same
13:26thing all of these moves are taking
13:28place place at predictable levels right
13:32now they don't have to be to the penny
13:34I've always said technical analysis is
13:36not literal but you can see right there
13:39they're all coming in to a zone or a
13:43range right this would be something like
13:44a breakout retest coming back to visit
13:46the the breakout but look what happens
13:49it actually di dips deeper right this is
13:52not a bearish chart actually until you
13:55break a deep level which is all the way
13:57down here you haven't lost the big buyer
14:01now let me show you something you might
14:03not see when it comes to levels notice
14:06that in the pre-market you get this
14:09right again I mentioned I I've gone over
14:11this before sometime before like an hour
14:14before the market came up it was already
14:17trying to get frisky to the downside
14:19like there was that lead candle like
14:21this press and somebody sneaks in there
14:25and puts some high volume Buys in there
14:28now that can always disappear at the
14:31open but what I'm trying to highlight
14:33here so everyone stays on the same page
14:36this move these candles cannot appear
14:40anywhere else so for example you can't
14:42buy that candle right that candle has no
14:46support to it the nearest support is
14:48here the nearest recognition of a large
14:50buyer is there any sort of entries that
14:53you're doing here on that dive bad idea
14:57bad idea right same thing here entering
14:59here bad idea you need to get that level
15:02tested that's how bad things happen if
15:05you enter up here and then it drops and
15:07then it drops again and then it drops
15:09again and just keeps going I'm sure
15:10you've been in that situation before now
15:13step number three will tie everything
15:16together and you need this in order to
15:18maximize the quality of just not this
15:20strategy but everything you ever touch
15:22from here on out and I'm surprised more
15:24Traders these days are not aware of it
15:26and that is time just like l
15:29the time in which these moves happen is
15:32like clockwork they're routine they're
15:35every single day and when you combine
15:37that time along with the level along
15:40with the move now you have context you
15:43have something that is powerful and
15:45meaningful and puts you into driver's
15:47seats to profits now let me show you
15:49again what I'm talking about right here
15:50on the chart now again sticking with
15:52that same chart here that I already have
15:54up if you take a look at all of these
15:56moves it's a real simple concept is
15:59element of time now the numbers I have
16:01down at the bottom here this is Pacific
16:04Standard Time on the west I'm on the
16:05west coast of the United States add
16:07three hours to that for the New York
16:09session but look when this happens it's
16:12between 6:30 and 7:30 right and then you
16:16have another move that happens rough
16:18just about 10 right after the lunch
16:20session and if you come back and of
16:22course there's another pivot up here if
16:23we want to add this which is pretty much
16:25every where I'm trying to go with this
16:27is every 30 minute
16:30interval you're getting some type of
16:33pivot see the timing so you're you're
16:35getting that pivot early within the
16:36first 30 minutes of trading you're going
16:38to get a rally that may last an hour
16:41followed by another pivot that may last
16:43an hour followed by another pivot that
16:45may last an hour you move to the next
16:48day you'll see about the same thing
16:51you're moving lower right there's
16:53actually a move right there after the
16:55Market opens at that 7 o'cl spot you
16:58rally for good 30 40 minutes you pull
17:00back for a good 30 40 minutes you go
17:02back up for 34 minutes 40 minutes for an
17:05hour and so on now that's not always
17:07100% guarantee when we talk about time
17:11when the Market opens for any strategy
17:13you have the highest form of activity
17:16takes place in those first 30 minutes
17:18that's where all the games get played
17:20that's where all of the premium levels
17:23get set for the day and then after that
17:25the markets tend to develop a rhythm
17:28they get settled into a rhythm and the
17:30moves become a lot cleaner after that so
17:32now we move on to step number four which
17:34is the final step and I'm sure for most
17:36of you this is the one you've been
17:37waiting for the most definitely I have
17:40because all of this stuff up to this
17:41point sounds pretty good I mean you got
17:43the candlesticks down that's easy you
17:45got the levels down you got the time
17:47down I mean all of that stuff is just
17:49general basic stuff but the question
17:51that you're left with now is how do I
17:53use this like how do I put this into a
17:55real life Market well don't worry
17:57because I'm going to do that right now
17:59for you I am going to take a live trade
18:01using the exact same formula that I laid
18:04out for you now what I want you to do
18:06before I get involved in that I want you
18:08to look at each step independently I
18:11first want you to see the lead candle
18:14itself how our awareness has been raised
18:16towards this idea the next we want to
18:19start planning out those levels we're
18:21going to look to the left side of that
18:23chart for Clues details to where that
18:26big buyer is going to step in and help
18:29us back us up like our guardian angel in
18:31this trade and then I want you to pay
18:33very close attention to my execution now
18:35I'll go through this step by step when
18:37I'm making the trade but I want you for
18:39yourself to look at each one of those
18:41and how it's done and of course the
18:42final piece of that puzzle is trying to
18:44put together a very high quality trade
18:47that yields us more than two or three
18:49cents like we really want to make a lot
18:51of money on these trades so let's take a
18:53look at what a live trade would look
18:55like in a real market and then we'll go
18:56from there so the trade I want to talk
18:58about here today was one that was taken
19:00yesterday right there on your screen you
19:02will see the brokerage statement of the
19:04trade and the gains and I want to use
19:06this one because it highlights not just
19:08the power of the unsharp but how it
19:10works in the most extreme situations
19:12because yesterday we had CPI and if it
19:14can work in that it can work in anything
19:16it's just the process so on the screen
19:20I'm going to use the trading view
19:21playback feature it's so much easier for
19:23me to explain it to you and it'll make a
19:25lot more sense so if we take a look at
19:27this right here you'll see as the CPI
19:30came out you get that lead candle now
19:34the news is what generated that candle
19:36but it doesn't necessarily have to be
19:37news they will happen in a lot of cases
19:40so so there it is so when you see that
19:42and you start to see that candle rather
19:44than panicking the first thing we need
19:46to do is start looking to the left right
19:48and if I kind of back this out there is
19:50a significant reason why this thing
19:53chose to bounce at that 215 area if I
19:57make this chart small you see there are
20:00several I'll scoot it up just a bit
20:02there are several
20:04buys zones right there okay so there's a
20:08good chance that somewhere between this
20:11215 and
20:13214 someone is going to try to pick it
20:16up now here's the clue to that that's a
20:18pretty wide range and you're going to
20:20get wide ranges in drops this is where
20:23the lead candle gives us the clues let's
20:26take a look at the very first candle
20:28right here you'll see there was in fact
20:31a pickup now there wasn't a huge buy but
20:34there was a hand showed that somewhere
20:36around this
20:3721560 there was effective buying like a
20:41good flow of buying now the next candle
20:45does make a low and this is why when we
20:48do trade in general we don't put stop
20:50losses right under the low they may
20:52trade under there and and make some
20:54prints on price but they look it does
20:57get picked back up now these Clues are
20:59very very subtle but they're happening
21:01at the right spot now if that happened
21:04right here you'd have to be super
21:05cautious but it didn't it came all the
21:07way down to that level now if I kind of
21:10move this forward just a little bit
21:12right I want to show you a couple of
21:14more candles right here so take a look
21:16right
21:17here after about 10 15 minutes you got a
21:20couple of things working for you you
21:22have the element of time which is this
21:24Market refused to go lower now it didn't
21:27really gain any traction and start to
21:29push higher but you'll see it didn't go
21:32lower why is that because the market is
21:35doing what we said earlier it's nibbling
21:37on those buys down into that zone now at
21:41this point with this chart it could
21:44still break the low might be just kind
21:45of gearing up for another low move so we
21:48need that confirmation and the more
21:50candles that we get we get that
21:53confirmation so if I kind of just speed
21:54the play back up and we move forward a
21:56little bit I want to stop right there
21:59this right here as subtle and slow as it
22:03is this is the execution candle now most
22:08Traders would not do it right there but
22:10let me show you why I hope at this point
22:13you see it look at these three Wicks at
22:18the base of this chart they all held up
22:22right at that spot those three Wicks the
22:25easiest way to do this is confirming
22:29that buyer so if I buy this right now
22:32which I did this was close to my entry
22:36if I buy it right there I have
22:38everything to gain and practically
22:40nothing to lose now some people go well
22:42how do you know you don't always know
22:44but trading isn't about winning as much
22:47as it is probabilities I've got enough
22:49data here telling me that's probably
22:51going to be the low so if I just kind of
22:53Trail a stop down there right I'm giving
22:56up just a little bit but look the target
22:59can be this thing has the power and the
23:01potential to go so much higher and when
23:05you have such great risk versus reward
23:08you're ultimately going to win so if I
23:10kind of put that
23:11long calculator here take a look at what
23:14we have we have like a 3.3 risk versus
23:18reward those are the kind of Trades
23:20where you have everything to gain now
23:23I'll just play this back forward and
23:24you'll take a look it just continued to
23:26grind its way up all the way to towards
23:30those highs now here's what I want to
23:32talk
23:33about on this one I I sold up in here
23:36but another reason for doing this is
23:39because when you have this much room and
23:43a and a stock or an asset moves in your
23:45favor it allows you to to grab a big
23:48gain because if I'm buying up in this
23:51level most likely I got stopped I can't
23:53handle pullbacks okay and if we just
23:56continue to play it through you'll see
23:57it eventually Works its way back up
23:59there not without a few you know
24:01pullbacks along the way but you can't
24:03survive those pullbacks if you're
24:05chasing those rallies that's the unsharp
24:08method the power is it's getting you in
24:11where you really don't have to worry
24:13about your risk it's so low and that's
24:16that's how you should be trading you
24:17should be risk first reward second now
24:20this might not have made it all the way
24:22up there and that's great but it's
24:24easier for me to figure that out if I if
24:26I had bought it here right
24:29and it took me out fine it's better than
24:31buying it here and then having it take
24:33you out that's too much money to give up
24:36and that's the key most Traders and most
24:39technical analysis strategies if you go
24:42by that law that they're written the
24:45getting you in too late and that's why
24:48you're not making profits so hopefully
24:51that all makes sense to you and you can
24:53see how you can start using this so
24:55anyway that's going to conclude today's
24:57video and I do want to take a moment
24:58right now to thank you for joining me
25:00today and I hope whatever I discuss with
25:01you today helps you become a better
25:04well-rounded Trader that's my goal now
25:06whether you use the unsharp method or
25:08the check mark or some other method or
25:10strategy that you're using I always
25:12encourage every Trader to always focus
25:15on levels and time really take a look at
25:17these charts without any indicators on
25:20them and just get a feel for that price
25:22action if you really pay attention you
25:24can find those big buyers and big
25:26sellers you can find the proper are
25:28areas to position yourself where risk
25:30and reward is very favorable so I just
25:32kind of wanted to say that for a second
25:34now as always if you have any questions
25:36or there's anything that I left out go
25:37ahead and put that down in the comment
25:39section I'll do my very best to get back
25:41to everyone and make sure they
25:42understand because I want to see you
25:43grow as a Trader as well don't forget
25:46that if you do want to have some great
25:48trading ideas delivered to your inbox
25:50every week absolutely free every week we
25:53put together my wife and I a gains guide
25:55it covers everything about the markets
25:57the best assets to trade give specific
25:59buy sell and exit points everything that
26:01you need to have some great quality
26:04ideas to begin your week with so on that
26:05note let me say thank you very much take
26:08care trade well I'll see you soon cheers

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