I Tested The Tokyo Range Breakout Strategy For 30 Days (Full Results) — Transcript

Full transcript

1. 0:00For the last 30 days, I've been posting
2. 0:02almost every single day on my Telegram
3. 0:04group giving people a Tokyo range
4. 0:06breakout trade setup. Today was the last
5. 0:10day of this 30-day challenge. In this
6. 0:12video, I'm going to recap the entire
7. 0:14week, every single setup, how I played
8. 0:17it, and how we ended the 30-day
9. 0:20challenge. So, let's get into it. All
10. 0:23right, we got Monday, Tuesday,
11. 0:24Wednesday, Thursday, and today Friday's
12. 0:26trade. Zooming into Monday, October
13. 0:2819th, here is a screenshot of the trade
14. 0:31setup that I put on Telegram. Price went
15. 0:33into profit a little bit and then
16. 0:34immediately started going against us.
17. 0:36Once it started retracing, I posted this
18. 0:39Tokyo range is quite small and I don't
19. 0:41like that the stop loss is below the fib
20. 0:43level 618. So, for this trade, I'm going
21. 0:46to adjust the stop loss to the pink
22. 0:48line. Then within the next 25 minutes,
23. 0:50once it hit that fib retracement, price
24. 0:52tanked, hit our take profit, and gave us
25. 0:55an additional 2% on the account. On
26. 0:58Tuesday's setup, the Tokyo range did not
27. 1:00break out for over 2 hours and I didn't
28. 1:03like the low volatility and low volume
29. 1:06when I expect larger breakouts sooner
30. 1:09with this specific strategy. So, on
31. 1:11Tuesday, I said, "Not much activity
32. 1:12today. We should have seen a decent move
33. 1:14already, so I think we can go ahead and
34. 1:16skip today. Good breakouts usually
35. 1:18happen closer to the end of the Tokyo
36. 1:19range. This is just sideways and I
37. 1:22wouldn't trust a spike from here." We
38. 1:23did eventually get a break to the
39. 1:25downside, but because we decided not to
40. 1:27trade today, we didn't lose any money
41. 1:28and if you listened to what I said on
42. 1:31Telegram, you probably cleaned your
43. 1:32office, did some yard work, raked some
44. 1:35leaves, or went to the mechanic cuz we
45. 1:37got life stuff outside of trading. Next
46. 1:39trade, October 21st, Wednesday,
47. 1:42immediately went against us and stopped
48. 1:44us out. It happens. Minus 1%. On
49. 1:47Thursday, October 22nd, again, price was
50. 1:51just flat for like 2 hours and I said,
51. 1:54"No breakout trade today. This whole
52. 1:57week has been a gross, flat,
53. 1:59consolidating price. Because if you
54. 2:01looked at it, every single Tokyo range
55. 2:04was basically overlapping each other. It
56. 2:07was constantly consolidating and wow,
57. 2:10that last one was bad. But literally, if
58. 2:12I keep my cursor here, every single day
59. 2:15price touched this line. So I suggested
60. 2:18people don't trade this day. But
61. 2:19eventually, almost 4 hours later, we did
62. 2:22get the breakout. It immediately went to
63. 2:25take profit with a zero drawdown.
64. 2:27Unfortunately, a missed opportunity, but
65. 2:29I didn't trust the move anyway. And then
66. 2:31today, Friday, October 23rd, again,
67. 2:34virtually zero drawdown on this trade.
68. 2:37It was absolutely fantastic.
69. 2:39And the reason I have two position tools
70. 2:42on here is because once price got down
71. 2:45to here within 15 minutes, I sent a
72. 2:48message out to the Telegram group
73. 2:50saying, "You should be up 1.5 x your
74. 2:52risk right now, and we're extremely
75. 2:55oversold." Like the RSI got down to 17.
76. 2:58I also said, "I don't know if it'll hit
77. 3:00take profit. I'm being cautious and I
78. 3:03closed early." This is at a 1 to 1.5
79. 3:07risk-to-reward ratio versus the 1 to 2
80. 3:09risk-to-reward ratio that we were
81. 3:11targeting. I also added a caveat. I
82. 3:13said, "This has been a massive straight
83. 3:15down move, virtually zero drawdown. I
84. 3:18like it cuz it gets me into profit fast,
85. 3:20but it could retrace at any moment and
86. 3:22the retracement can be just as
87. 3:23aggressive as the drop." That happens.
88. 3:26They're called V-shaped recoveries. This
89. 3:28trade eventually did go to take profit.
90. 3:31So either you close here at 1.5 R or you
91. 3:34closed here at 2 R. So as it stands
92. 3:37right now, the first 3 weeks we ended at
93. 3:406% profit and then this week, Monday
94. 3:43plus 2%, Tuesday no trade, Wednesday a
95. 3:46loss, so minus 1%, Thursday no trade,
96. 3:49and Friday if you closed 1.5 or 2%. So,
97. 3:53you should have ended the challenge if
98. 3:54you listened to everything that I said
99. 3:56on Telegram either up 8.5% or up 9%.
100. 4:01This was a massive success and I'm so
101. 4:04glad because this was me teaching you
102. 4:07the most simplest breakout strategy that
103. 4:11I could possibly think of. You literally
104. 4:14have one rule. If price breaks out
105. 4:17below, you sell. If price breaks out
106. 4:20above, you buy. The parameters for your
107. 4:23trade, you measure the entire Tokyo
108. 4:26range, you divide it by two, and that is
109. 4:29your stop loss. So, once you get a
110. 4:32candle closure below the range, your
111. 4:35stop loss goes from that market entry
112. 4:38trade up half the value of the range.
113. 4:41So, for this one it was 18 pips, so your
114. 4:44stop loss would have been nine pips. And
115. 4:46then you're targeting 18 pips. It can't
116. 4:49get any simpler than this, and for the
117. 4:51last month we proved that it works, and
118. 4:53you could have almost passed a funded
119. 4:55account challenge with this. Just really
120. 4:57quickly, Funder Pro, if you go to
121. 4:59funderpro.com/tma,
122. 5:01you can buy a $1,000 funded account
123. 5:03challenge for $1. Use the code tri1, try
124. 5:07one. You know, like go and try one. I'd
125. 5:09really like to know in the comments
126. 5:11section if you personally participated
127. 5:14in this challenge. If you did, let me
128. 5:16know how it went. I want to know if you
129. 5:18made money, if you liked it, if you were
130. 5:20stressed out, if you lost money, did you
131. 5:22follow what I said on Telegram? Tell me
132. 5:25everything. I really want to know. I'm
133. 5:27so happy this month ended out in profit,
134. 5:29and I'm so happy for everybody that was
135. 5:31involved. Thank you so much for
136. 5:33watching, guys. I really appreciate you,
137. 5:35and we will see you in the next one.