I Made £1800 Using My Boring Forex Trading Strategy — Transcript

Full transcript

1. 0:00how I made
2. 0:01£1,800 using my boring Forex Trading
3. 0:03strategy I'm going to be explaining
4. 0:05today how I made 1.8k using my everyday
5. 0:08trading strategy for the whole of 2023
6. 0:10I've been sharing tons of information
7. 0:12about my trading strategy and you can
8. 0:13watch every single 2023 video because
9. 0:16it's going to open up your eyes to how
10. 0:17to really trade I don't have executions
11. 0:19for this I'm just going to be breaking
12. 0:20down the trade I took I did executions
13. 0:22all 2023 so if you want to see
14. 0:24executions go to all my 2023 videos but
15. 0:27anyway guys let's get straight into it
16. 0:28you know I like to separate out my weeks
17. 0:30and my days as well but for now it's
18. 0:31just the weeks keeping my chart nice and
19. 0:33clean so you guys can follow along last
20. 0:36week what would you say this is pause
21. 0:38the video is the market trending from
22. 0:39last week no this is more so a sideways
23. 0:42action consolidation with consolidation
24. 0:44you guys know there's going to be
25. 0:45liquidity on both sides and if you guys
26. 0:47want to know more about liquidity or
27. 0:49money where the money is in the market
28. 0:51you can watch my whole liquidity series
29. 0:53it would truly bless you there's going
30. 0:54to be liquidity on both sides with this
31. 0:57in mind I'm have the selling mindset so
32. 0:58let's just go up the time frame to show
33. 1:00you that I'm bearish so as you can see
34. 1:03here so this is the beginning of the
35. 1:04year so let's go ahead and delete this
36. 1:05so this is the beginning of the year we
37. 1:07have been dropping since the beginning
38. 1:09of the year price is going to accumulate
39. 1:10then expand accumulate and there's going
40. 1:12to be an expansion accumulate and then
41. 1:14there should be another expansion and
42. 1:15don't forget accumulation or retracement
43. 1:17the idea behind that is the same it's to
44. 1:19generate liquidity to then run it later
45. 1:21I'm the 1 hour time frame I know that I
46. 1:23am waiting for the next expansion to the
47. 1:24downside I'm being patient I'm trying to
48. 1:26figure out when is the next best
49. 1:28opportunity to sell one of the key
50. 1:30things about my trading strategy is I
51. 1:33like to sell above a high when price is
52. 1:36running out liquidity above all of this
53. 1:38there's going to be money above this
54. 1:41money on top and money beneath there's
55. 1:43going to be liquidity on top and beneath
56. 1:45or buy stops on top and sell stops on
57. 1:47the bottom on Monday when Euro USD ran
58. 1:49above the previous week's high this is
59. 1:51where buy stops have been activated so
60. 1:54obviously this is going to be more
61. 1:55riskier to jump in on you're going to be
62. 1:57buying above highs you're going to be
63. 1:59buying when price is going going up and
64. 2:00it's more riskier to jump in on all if
65. 2:02you had the skin in the game and you've
66. 2:03been doing this for quite some time
67. 2:05you're going to know to sell from above
68. 2:07these Highs but what you could do is if
69. 2:09you're unsure about this what you can do
70. 2:11is you can catch the next best
71. 2:13opportunity when price drops like this
72. 2:16let's Zoom it out when price drops like
73. 2:17this and leaves inefficiency you know
74. 2:19that this inefficiency eventually is
75. 2:21going to need to be cleaned up or traded
76. 2:24into to provide buy side to the market
77. 2:27because here the only sell side was
78. 2:28offered to the market here with this
79. 2:30large sell candle there was no buy
80. 2:32candle within here so you can expect
81. 2:34price to come all the way up and fill in
82. 2:36the whole imbalance and then drop this
83. 2:38is Monday so let's go ahead and separate
84. 2:40out the days now so that was Monday okay
85. 2:42there we go that's Monday's price action
86. 2:44you can see we filled in some of the
87. 2:46imbalance and then we dropped we didn't
88. 2:47really go nowhere we didn't trade
89. 2:49beneath this low here you can see here
90. 2:51price dropped and did not trade beneath
91. 2:52it so what did it do it created relative
92. 2:54equal lows I'll touch on this a bit
93. 2:56later on so don't forget I'm keeping my
94. 2:58strategy very simple everything that's
95. 2:59happened so so far is I'm bearish cuz I
96. 3:01looked at the higher time frames and now
97. 3:03I'm waiting for price to run above a
98. 3:05higher before selling it did it on
99. 3:06Monday but if you never caught the move
100. 3:09on Monday you could have looked for a
101. 3:10move on Tuesday this is what you would
102. 3:12do you would mark up every single point
103. 3:15of interest that price could use to turn
104. 3:18back around so on Monday when price is
105. 3:20get active the only point of Interest I
106. 3:22can see cuz we we not traded beneath
107. 3:24this low yet is back to the imbalance so
108. 3:27and it's not just here we've already
109. 3:28traded into the inbalance balance here
110. 3:30and filled in the majority of it more
111. 3:31than 50% of it but there's still a piece
112. 3:34of it imbalance remaining above here so
113. 3:36let's go ahead and Mark this
114. 3:38up there's a little imbalance still
115. 3:41remaining and guess what folks there's
116. 3:42also an up closed candle here there's an
117. 3:44up closed candle here this buy candle is
118. 3:46an up closed candle now we're getting
119. 3:48into the nitt gritty we're getting into
120. 3:49my entry now with up closed candles from
121. 3:51this low to this High the whole thing is
122. 3:53the up closed candle I like to get
123. 3:55active from the lowest part first this
124. 3:57is the low and the open of the up close
125. 3:59candle handle or 50% what I'm going to
126. 4:01do I'm going to mark up 50% using the
127. 4:03FIB tool like I've done just put a line
128. 4:05here for 50% just to make it easier so
129. 4:07this is 50% of my up close candle this
130. 4:09is the rest of the imbalance and then
131. 4:12this is the low and open when price is
132. 4:14pushing up higher and runs out this High
133. 4:16here then I know that price wants to run
134. 4:18even higher I've identified a few points
135. 4:21and now this is how you would play it
136. 4:22you would have multiple pois multiple
137. 4:26points of interest don't be listening to
138. 4:28those folks who say You must have one
139. 4:30point of interest and if you don't get
140. 4:31it right the first time then you don't
141. 4:33know what you're doing guys it's okay to
142. 4:35have multiple points of interest I have
143. 4:37multiple points of interest that's been
144. 4:39blessed for me so my points of interest
145. 4:40then are I have the rest of the
146. 4:43imbalance
147. 4:44fill the low and open and 50% and I'm
148. 4:48not saying I will go for every single
149. 4:49one of them or these lows obviously I'm
150. 4:51believing price is going to get to the
151. 4:52up closed candle but I'm just saying for
152. 4:54example I can either opt for this the
153. 4:57rest of this imbalance fill fill in the
154. 4:59whole thing and then jump in with a stop
155. 5:01loss above 50% or I can jump in at the
156. 5:04open of the body right here of the body
157. 5:06of this up close candle stop loss
158. 5:08thereabouts or just above the 50% line
159. 5:10or I can wait for price to get to 50% so
160. 5:12those are my three options this was not
161. 5:14one I was choosing by the way but I'll
162. 5:16just giving you this as an example for
163. 5:17those who want to get in straight when
164. 5:19price Taps into this as you guys know
165. 5:21there's going to be different risk to
166. 5:22reward ratios depending on which one you
167. 5:24choose let's just say you chose this one
168. 5:26for whatever reason Stop Plus above 50%
169. 5:28and use for certain lows if you put your
170. 5:31stop loss around here around that 97 998
171. 5:33and obviously there's ways to work it
172. 5:34you don't always expect price to run all
173. 5:36the way up into 50% but ideally the best
174. 5:39stop loss is going to be above the next
175. 5:40best one is going to be around 50% or
176. 5:43just above 50% just so you guys know so
177. 5:45anyway guys if you went for this one you
178. 5:46you're looking about an 11 pip stop loss
179. 5:49if you went from the open of this one
180. 5:50you're looking about a six pip stop loss
181. 5:52and then obviously 50% you would have
182. 5:54put your stop loss above the high and
183. 5:55that would have been roughly about 8 pip
184. 5:57stop loss the one I opted for was this
185. 5:58one here So I entered it in around 93 so
186. 6:02I caught it a little bit higher my stop
187. 6:03loss was just beneath 95 it was about
188. 6:06958 I know it's was a very small stop
189. 6:08loss but I'm comfortable trading these
190. 6:10kind of stop losses I'm more comfortable
191. 6:12doing this and My Philosophy is if I got
192. 6:14stopped out here I would have entered
193. 6:15again at 50% that's just the way I do it
194. 6:18you don't have to do it like that that's
195. 6:19just the way I do it and it doesn't
196. 6:21always play out sometimes I do get
197. 6:23stopped out I do take losses as well
198. 6:25because I do offer these smaller stop
199. 6:27losses but it is what it is but anyway
200. 6:28guys I around 93 had a stop loss here
201. 6:30don't forget idle stop loss would have
202. 6:32been above 50% that would have been let
203. 6:34say a f% stop loss even if it was to
204. 6:35stretch this double it that's a fer stop
205. 6:37loss when price go up here this is when
206. 6:39I'm looking to take a sell and I don't
207. 6:41necessarily want to see price beat this
208. 6:43I don't want to see price get above
209. 6:44these areas here I don't want price to
210. 6:46close Above This imbalance here on a 1
211. 6:48hour time frame we're going to go ahead
212. 6:49and play out this is not where I'm
213. 6:51taking profit by the way this is going
214. 6:53to be a drawn price so I know that if
215. 6:56price tags me in and it runs beneath
216. 6:58this low here we should continue to see
217. 7:01a drop to run more liquidity these
218. 7:04relative equal lows down here which is
219. 7:05also the previous week's lows then I'm
220. 7:07going to look to take TP near abouts
221. 7:10these lows all I've done is I identified
222. 7:12a high time frame Trend price is
223. 7:14dropping I waited for price to run above
224. 7:16a high it did we're not talking about
225. 7:18Monday we're talking about Tuesday what
226. 7:20we could have done on Tuesday Tuesday
227. 7:21I'm looking to catch the mitigation play
228. 7:24in efficiency here up close candle here
229. 7:27I want to catch the mitigation play and
230. 7:29words I want to be in when mitigation is
231. 7:31taking place so what I'm going to do now
232. 7:33I'm going to go down to the 15minute
233. 7:34time frame because what happens guys is
234. 7:36price really gets moving on a 1 hour
235. 7:38time frame it just it's just one
236. 7:39Candlestick one Candlestick at a time
237. 7:41forward once this is where we get tagged
238. 7:44in don't forget price is trading higher
239. 7:46it's traded through the imbalance so far
240. 7:48it's traded through the imbalance the 1
241. 7:51hour imbalance but don't forget the 1
242. 7:53hour is not over yet it just started it
243. 7:56just started it's traded up into past
244. 7:59the the low and the open up into the up
245. 8:02closed candle and it's tagged me into
246. 8:03the trade this is where it tags me in
247. 8:05around that 93 Mark and I I believe I
248. 8:08had two trades here one was a little
249. 8:09higher one was down here let's go to the
250. 8:11next candles stick now next Candlestick
251. 8:13we pushed down lower don't forget 1 hour
252. 8:14is not over yet so just bear that in
253. 8:16mind guys let's go again and then next
254. 8:18candles stick we go all the way down to
255. 8:20the lows we take out these lows and we
256. 8:23get down to our level which is the
257. 8:25previous day's low it happened in quick
258. 8:27time I know there was news that took
259. 8:28place too which really spread up this
260. 8:29move but I want to show you something on
261. 8:31a 1 hour time frame what does it look
262. 8:33like the 1 hour time frame there's no
263. 8:35closure above the imbalance we've hit
264. 8:37that up close candle and then look how
265. 8:39we closed we've closed down here so now
266. 8:41you guys see how I was able to catch
267. 8:42that trade I didn't have to be in from
268. 8:44the highest the more riskier play you
269. 8:46could have waited for the mitigation
270. 8:48play to drop and even if this didn't
271. 8:50come up to tag this in so what I missed
272. 8:52the trade there will always be another
273. 8:54trade just because I've missed a trade
274. 8:56one or it didn't play out one time or
275. 8:57two times or three times doesn't mean
276. 9:00again I'm going to switch up my trading
277. 9:01strategy to fit something else so I make
278. 9:04sure I catch it no I'm going to play the
279. 9:05same game I'm going to keep my trading
280. 9:07strategy very boring very boring you
281. 9:09know and play the same game wait for the
282. 9:11mitigation play get involved and then
283. 9:14wait for price to run out these lows
284. 9:16which would give me an indication it
285. 9:17would want to drop lower so this was the
286. 9:19trade that I took that made 1.8k well
287. 9:22there was two trades all together so
288. 9:24remember that guys I utilize a very very
289. 9:26simple strategy is waiting for price to
290. 9:29run out liquidity on the top side and if
291. 9:32I missed that trade I I think I believe
292. 9:34I've told you guys about my my free best
293. 9:37entry opportunities I might if I have if
294. 9:39I can remember the video I'm going to
295. 9:40link it right now my three best pois I
296. 9:43can't remember what I named it but
297. 9:45basically this is how I would operate
298. 9:47and you know what even if this was you
299. 9:49you entered from down here this still
300. 9:51would have been a juicy trade guys this
301. 9:53would have just to get down here this
302. 9:54would have been a 1 to 5r trade if this
303. 9:56was you who jumped in from nearby this
304. 9:58level down here this still would have
305. 10:00been a juicy trade guys that's a 1 to NR
306. 10:02trade and then one last thing as well
307. 10:04guys don't forget you don't need to
308. 10:05panic when price Runs Out liquidity when
309. 10:08price Runs Out liquidity like this we've
310. 10:11taken out liquidity on the top side
311. 10:13where's the rest of the money it's going
312. 10:14to be on the bottom side that self side
313. 10:16liquidity that's where that money is
314. 10:18going to be so this is why I took
315. 10:19partials down here I took partials not
316. 10:21at the very lows I took partials I think
317. 10:23around 23 or around these Wicks when
318. 10:26price got into these Wicks that's why I
319. 10:28took partials in these weeks sometimes
320. 10:30you guys message me and say you missed a
321. 10:31trade because you was waiting for a
322. 10:33certain thing to happen because you was
323. 10:35waiting for price to hit 50% of the up
324. 10:37close candle now you see why and I
325. 10:39hopefully you guys understand why why I
326. 10:41don't always off for 50% because
327. 10:44sometimes price does not get there so
328. 10:46this is why I always opt for somewhere
329. 10:47near about the lowest point of the up
330. 10:50Clos candle near about the body of the
331. 10:52up close candle that area is more likely
332. 10:55to be traded into so that means you
333. 10:57won't miss a trade and all you have to
334. 10:59do is just stomach having a bigger stop-
335. 11:01loss just accept the fact you're going
336. 11:03to have a larger stop loss than normal
337. 11:04yes you could have waited for 50% and
338. 11:06had maybe a potential lower stop loss
339. 11:08because really truly you don't want to
340. 11:10see price move Beyond 50% like that just
341. 11:13accept the fact that you're not going to
342. 11:14catch perfect entries give yourself a
343. 11:17bit of room a little bit of draw down
344. 11:18won't hurt you I was in draw down well
345. 11:21me personally I was in draw down for um
346. 11:24about what I entered in 93 one of my
347. 11:27trades I was in draw down by I think one
348. 11:30pip and the other one was 1 point
349. 11:32something pipets small piece of draw
350. 11:34down but look if you had to stomach a
351. 11:35two pip or three pip draw down so what
352. 11:37guys you're not always going to get
353. 11:39perfect