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Making $500,000 Using This SIMPLE Futures Strategy - Tori Trades (Simple Breakdown) — Transcript

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0:00adding a playbook, adding entry criteria, adding confirmation changed everything about my trading
0:05and I never had that. I will never mention anything about a playbook or an A+ setup
0:10or anything like that. And it was Today we have a very special guest. I would say the
0:16trend line master, worldrenowned within the trading community, closing in on almost half
0:21a million dollars in profits, verified with broker statements. One of the most transparent traders I
0:27know is the one and only for trades, which blows my mind when some people tell me that they're
0:33switching time frames and they want success in a few weeks. It took me a year to master swing
0:37trading. And I feel like swing trading is not for the faint of heart. Like you have to wait
0:41for so much time to go by. You don't even get the reps in. You can't get the reps in because there
0:46there's moments where I can't. You'd think it's so much more obvious. You're like, "Okay, the price
0:50broke a trend line. Get in." But there's so much more that has to be met. I have to have a point A,
0:54a point B for the opposing trend line. And now I have a line that's keeping me safe. But now,
0:59guess what? On this setup, it's only two touch points. There has to be so much criteria met.
1:04So like this is a scenario where it wouldn't even be an A+ setup. So when I am marking up charts,
1:09I do a top down analysis and I am essentially trying to create like a a fan of trend lines. So,
1:16one rule that I have is as I rotate my lines, as I adjust my lines, as I find new highs or new lows,
1:23I'm I'm just trying to figure out which one is it going to actually respect. So,
1:26right now, if I was to trade this right here, let's say that I wasn't in a trade right now,
1:30I would have to wait for price. This is where I've got alerts on either one. Then, I'd set
1:33the alerts and close the screen. I'm done. Welcome everyone back to Chart Fanatics, the go-to channel
1:39for all the very best trading strategy breakdowns with the very best traders in the world. talking
1:45in which today we have a very special guest. I would say the trend line master, worldrenowned
1:51within the trading community, closing in on almost half a million dollars in profits, verified with
1:58broker statements. One of the most transparent traders I know is the one and only Tori Trades.
2:04Hi, thanks for having me. It's my pleasure as always.
2:06And today we're going to, you know, we've done multiple podcasts, you know, and they've been
2:10received very, very well. But the one thing we have never done is strategy breakdowns. Talk about
2:14strategy in depth. So that's what we're going to do today. But where do you think's best to start?
2:19Um I think I guess we start with my my style because all the podcasts we've done, I've tried
2:24to like have you visualize it. I've used my hands and like safety line, action line, and we got
2:29price. Now we can finally draw it. Um but I guess we can just start with the the style of trading.
2:34So I'm a swing trader. Um, I use trend lines and no indicators, which is great. Don't have to try
2:41to draw indicators on a whiteboard. Um, nothing. It's purely a naked chart. And I will just mark up
2:48trend lines and support and resistance. Okay. So, let's start with what I would be looking at if I
2:55had a naked chart. If we're just looking at price action here. So, we're just going to do some fun.
3:03Okay. So, we're going to say price has done something like this. M
3:05um it looks like Ursula's crown from Disney. But how would I how
3:09would I trade this? How would I mark this up? So, what I would do now, we can color coordinate.
3:14And so, you're swinging trading as well, right? Yes. So, I'm swing trading. I'm doing
3:18the 4 hour time frame. 4 hour. Yeah. Yep.
3:21Amazing. And I'm just trying to identify um pullbacks, trends, trend reversals. And so
3:30how I would mark this up is I would essentially draw a trend line from the lowest point I can
3:34see on the screen coming up trying to capture as many touch points as I can. If I was to make that
3:38pretty straight, I mean, we wouldn't necessarily have that. But we'll say something like this.
3:42We've got an upward trend line. And what's cool is on Trading View, I like to make the thickness
3:46of my trend line like four pixels, as fat as I can get them because I I want it to to have
3:52room to capture as many touch points as I can. Okay. So, is it more like you're trying to capture
3:57the average versus like just one precise? Yeah. So, I'll never use a magnet tool,
4:01which is pretty precise. It'll snap the point B or your touch points to the exact scent. Um, I I
4:09like to give it breathing room, wiggle room. So, as thick as possible, um, as broad as possible,
4:14and it'll allow for like little poke outs like this, um, or where it's a little bit more precise
4:19over here, or close here, but not quite. Mhm. So, I like to make the lines as thick as possible so
4:23that I can allow for the room and I can I can adjust. So, we'll start with just I'm trying to
4:27identify a trend. Mhm.
4:29I excel when I can capture on a breakout. So, this is where the price showed me the first
4:36indication that we're no longer trending up. So, I'm able to make the most amount
4:42of money on this specific setup. But, I'm going to go over um two types of setups with you. So,
4:48one is going to be a trend line break and the second one's going to be a trend line bounce.
4:58I utilize this one the most, but when I started, I used both.
5:03Okay, so the bounce is going to be looking for places to
5:06buy when price gets to a trend line close enough here. So, if you've got a touch point and a touch
5:13point, this one you wouldn't have been able to capitalize on because it just created this. Yes.
5:18But this one and this one you would have been able to create Oh, we still got a green marker.
5:22A buy order here and a buy order here and then this would have bumped you out.
5:28Yeah. So,
5:30this is we'll start with the bounce because it's the easiest because it becomes um you remember me
5:34talking about action lines and safety lines. So, I've given these trend lines names. So,
5:39we'll always have an action line, which is the Did I spell that right? Act. Yep.
5:45Oh, boy. And then we've got safety line. So, we've got action and safety.
5:52This one tells me when to place a trade and this one tells me how I'm going to manage my
5:56risk and when I'm going to exit. So, when we're trading the bounce, the line is the same. So,
6:02that's the cool part. Yeah.
6:03Um, so this tells me when to get into my trade and it tells me when to get out. The same line.
6:08Yeah. So, this is a great place to start. If you're trading the bounce, you're just trying
6:11to find as many touch points as possible. And then every time price gets to or close enough
6:16to the trend line, you're thinking it's going to respect it and you get into that trade. So,
6:21buy order, buy order, and then this is where now I would close that position. So,
6:27this would be the the sell or the close. Just to reiterate, so you'd buy here, buy here. You
6:32would be holding both until you get that break. Well, these are two opportunities. So, I wouldn't,
6:37let's say I missed this one, then I'd buy here. Or let's say I got into this one, maybe I could
6:43um scale in and add another position here. So, this will be dependent on what time I've seen
6:47it. Um if I missed that one or not, but that's how you're getting out.
6:51Yeah. Yeah. So, this is where I'm going to sell. Got you.
6:54Right here. And this point. Hey guys, just a very, very quick one. If
6:57you're enjoying this playbook and you want to get it sent directly to you, make sure to go on chart
7:02fanatics.com, put your email in, and every episode we drop, we will send you a direct PDF breaking
7:08down this exact playbook. Or alternatively, also the playbooks will be put all together with the
7:14rules over on Trade Zella. That is an incredible collaboration. So, if you want to actually add
7:19the playbook to your Tradezella, make sure you go check that out as well. But let's get back into
7:24this episode. So this is where this is a scenario in the trend line bounce setup when the line is
7:30the action and the safety. So just think of it as and same scenario if we're trading downward lines
7:38and this is obviously best case scenario price truly respected this thing like it's business.
7:43You're never going to get that. Sometimes you'll get a fake out here. We'll go over that um a
7:47little bit later. But the bare bones of the bounce setup is now these would be signals. This one you
7:52wouldn't know because you're just now getting indication that this is point A, this is point
7:56B. So these are the only two areas where you would have been able to capitalize on a sell position.
8:01Mhm. So you've got point A, point B.
8:06This is telling us the direction of the line. So we wouldn't have seen it until
8:09here. Yes.
8:10As price came up and respected this line. All right. Now it becomes an action line. Now it's
8:15time to take action. Do a sell order here. So we're selling. Price falls off. comes back
8:21up. Maybe maybe we're sweating. Maybe we're thinking, man, this is gonna break. We may
8:24have to give this back. Um it ended up falling over and it respected. If you missed this move,
8:30you could have taken this one. Yes.
8:33Um or if you t if you took this one and price came up, you could add to your position size or
8:38just simply hold. I'm I rarely will ever scale into positions or scale out. To be honest,
8:43I think the last time I did any sort of scale, no scaling out. Usually when I'm out it's all um
8:50I think I scale in maybe like once or twice a year if I'm feeling really confident about
8:54a position. But it's up to the trader. But let's say that I took this trade
8:58right here. I would just sell and hold. And if the price continues down, I mean,
9:03we're happy. We're feeling good. Even if it doesn't quite come close to the trend line,
9:07maybe we make a big drop, maybe it breaks, whatever happens afterwards,
9:12this as soon as we get the break here, that's when we're thinking, okay, we got to close now. Okay.
9:15So now exit, we've got to place that buy order. Do you ever trail your stop loss?
9:22Yeah. Uh with the trend line.
9:24Yep. Yeah.
9:25So this is where the safety comes into play. So when we're taking a sell order, um we're
9:30thinking price is going to respect this line. We're anticipating that this is the new trend.
9:34And let's say that this is where we got in. This is also going to be where our stop goes. And then
9:40as price progresses, creates this new touch point and falls off. Now we get to move this
9:45stop into profit. Oh yeah.
9:48And then so on and so forth. So at at one point we get in it's a little above break even. I don't
9:53I don't like to put it right as when I get in because it'll pop me out so many times. So I
9:57give it room. But we'll just say for example purposes this is essentially the the stop. If
10:02price broke through the line that's keeping me safe, the safety line, then I know, okay,
10:06well this isn't the new trend. Actually, this was just a fake out maybe. And maybe we continue up.
10:11But the the stop will always trail in the direction of the trend line. So as price
10:16progresses now it's even more in profit. And if we're trading the 4 hour time frame,
10:22I'll move this stop every maybe day or so. Um because the time in between here could be like
10:29four hours, four hours, four hours, four. This could be like an entire day goes by.
10:33So then I'll move the stop and then at this point here, the stop gets moved and hit. So,
10:38the coolest part is being able to get into a trade and the first thing is being able to
10:44have a stop at break even. So, the trend line bounce is the lowest risk possible scenario
10:49for my trading style cuz we get in right at the line. So, we're going to know pretty immediately
10:55if this is going to respect it or not. Yeah. So, if if this was just a fake
11:00out and price breaks out and we got in, then we're going to know pretty instantly
11:04and the smallest amount of a loss here because this is the line keeping us safe.
11:08Mhm. So, this type of trade or this type of setup entry is going to be the lowest risk. Um,
11:14you don't get them as often because you've just got to trade an instrument that is that truly just
11:18respects trend lines on a regular basis, which is platinum. Um, crude oil trading the balance
11:22is going to be a lot trickier. But platinum, you could get these setups just like this one back to
11:27back to back so often. It's the coolest part. But um so when it comes to the bounce, we are we could
11:34get even more nitty-gritty into it and talk about like the the playbooks that I have or like all of
11:38the things that need to be met when I'm getting into a bounce. So one could be like um how many
11:44touch points does the line have? We can start with two to three. Two to three touch points. Yeah.
11:48Um then the next thing is how much data is behind the trend line. If from here to where I entered
11:56is a week's worth of data, and that's what a lot of people get confused when I say how much data
12:00is behind the trend line. They're like, what does that even mean? What do you mean data? It's just
12:03from the first touch point to where you get into your position. Yeah. How much time has gone by?
12:09Okay. So, if we're trading the 4 hour time frame,
12:11I like to look for a week's worth of data. Okay?
12:14So, this could be this touch point right here could have happened on a Monday and then I get
12:18my next setup on a Monday. So, if this is a week's worth of data, boom, amazing. We've
12:22now hit the second part of the entry criteria. And then the last one is, is it low risk? Okay.
12:29I write like a doctor. I am not. That's great. That's great.
12:33Um, so then the low risk is almost always going to be marked off when we're trading the bounce
12:38because price is always so incredibly close to it. But there's going to be many times where,
12:43let's say, like this scenario, price never hit the line right here.
12:47Yeah. See, it's it's hard to tell, but
12:49you can see it. Yeah. So price didn't quite
12:52hit it got close close enough to it. But let's say that you entered here and here you were right
12:58at the line. So this is lower risk than this one because you'd have to allow the difference
13:02between where the price is where you got in and the break. So not only does it have to
13:06hit the line, but it also has to break it. So this one has a little bit more room. So
13:10a little bit higher risk. Still low regardless because we're trading the bounce. So these are
13:14just all lowrisisk trades. It's just going to be dependent on your position size.
13:17Got you. But we're just anticipating that price is going to respect these trend lines.
13:21So anytime price gets close enough. Now this is the different part about traders.
13:25Some traders will wait for it to get right to it. Some will allow it to break through a little bit
13:29and then start to turn around and then they'll get in a little bit later here. So it's just
13:33the different entries for the different traders. Some will get in before it hits. Some will get in
13:37when it hits. Some will need a little bit more confirmation. So that'll be a little bit more
13:41high-risk. Um this one didn't actually get to it. This one got right to it. So there's just there's
13:46different times you can enter this trade, but it's essentially you want to get in when price is close
13:52enough to that touch point or to the line. Do you have anything specific that you go
13:56for personally or is it more so dependent on the situation?
14:00Um, for me nowadays, I will enter a little bit sooner or a little bit later. I can give it so
14:05much more room because I've just got I've got more capital. My risk tolerance is much higher. But for
14:09beginner traders, I would say if we're trading like those small capitals, it's you got to get
14:15in at the line because that's the lowest possible. You're going to know immediately, smallest amount
14:19of risk. Um, and we're usually most of my students are trading futures. So, you've just got to have,
14:25you know, somewhere between 3 to 5K. And that's still even with futures, even with trading margin
14:29on futures, it's it's just still a smaller capital size. Yeah. So, the lowest risk setup would be
14:34just waiting for it to get right to the line. Mhm. So, yeah, this is the um this would be my
14:38A+ setup for a trend line bounce right here. Couldn't have made it harder for you.
14:45It's all right. So, in all three of these scenarios, we'll say this scenario and
14:50this scenario, the long positions and the short positions, all of this was marked off.
14:54You need these. Yeah. Yeah.
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16:58an Apex trader today. Now, let's get back to the episode. Would you say that this is really
17:03a key difference between people who are just trying to trade trend lines just by themselves,
17:08like literally just the trend line itself versus actually adding confluences and you criter?
17:19Oh my gosh, adding a playbook, adding entry criteria, adding confirmation changed everything
17:25about my trading. And I never had that. Like I mean if you go back on like my YouTube channel
17:31and like see my first few years of trading I will never mention anything about a playbook
17:35or an A+ setup or anything like that and it was after like you like you can't make any changes.
17:42It's just like a science experiment like you can't make any changes or have any proven data
17:46if you don't collect the data or create like these different setups or scenarios or hypotheses. So,
17:53if you can create these with like the different playbooks, the different setups,
17:57then you can gather data and see which ones are working for you. And that even helps with like
18:01identifying what instrument is better. If you were to trade this A+ trend line bounce and apply it
18:06to crude oil and platinum, I can guarantee you you're going to have so much more success with
18:13platinum than you are with crude oil. But you have to test it. You got to figure that out.
18:16Don't just take my word for it. Actually, yes, you have to trade a certain instrument with
18:20a certain time frame. Maybe if you trade platinum on a 5minute,
18:24you might not have as much success as you would on platinum on the 4 hour. So,
18:27you've really just got to have a constant, which would be the the playbook, which would be the
18:31entry criteria, but then have the different variables be like a different instrument or
18:35a different time frame so that you can test all this on. But when I started doing that,
18:39it it made such a huge change. But this is essentially the the trend line bounce scenario.
18:46I love that. I think you know your point there in terms of the data and you know really making
18:51sure you understand as an individual you know trader regardless of let's say you know someone's
18:55watching this video or one of your students for example you can show them this but they still
19:00and this goes for every strategy they still need to go and actually see it for themselves. Yeah,
19:04you know collect the data essentially because without that it's hard to build confidence.
19:08It's hard to actually believe in the system because you haven't because the difference is
19:12that you've done that. That's why you believe in the system. And that's why system works for
19:15you and it will work for other people but they just a lot of people unfortunately you think
19:19okay she said do this I'm going just going to do that and start trading straight away versus
19:24okay Tori said to do this let me go and she also said to the get the data right
19:28a lot of people ignore that bit um you know across the board with
19:31all strategies and it was interesting yeah one of the earlier episodes we did
19:35um someone mentioned about focusing on direction basically versus execution okay
19:41and it's a similar thought process in terms of what we're looking at here is like focus
19:44on actually understanding the strategy versus just learning something and then going out and
19:49trying to apply it straight away because when you then inevitably say take a loss or make a mistake
19:54or not applying it properly uh but not getting the result you want essentially you then blame
19:58the system instead of actually saying okay I didn't actually try it on platinum I tried
20:03it on something completely random without again without collecting data yeah exactly
20:07um so yeah it's a very good point but yeah this is the A+ trend line bounce should I w this off
20:12yep yeah I always get
20:14scared about rubbing things off in case. No, I can do it a h 100 times over.
20:17But that is a So that's a scenario where the trend line bounce. I mean, how in-depth do you
20:21want to go? Do you wanna I could do a scenario where it's not cherrypicking where those were
20:25just best case scenarios. Either way, we could do like, okay, what happens if you get a fake out?
20:29What happens if it we some of those scenarios, whatever you're comfortable with. Let's do it. So,
20:33we've got price here. It's coming up. We get a snap down.
20:38I wish I was better at drawing what price would be like.
20:40That would be great. But, okay. Now, let's
20:42say this is what we're looking at. This looks kind of like copper right now. So,
20:48we would think that this is our trend line right here. So, the trend line bounce we
20:55are anticipating that price is going to respect. So, let's say that we didn't see all of this yet.
21:00Can I use one of those napkins? Oh, cool.
21:02Oh, here we go. So, we're going to pretend like we don't see any of that.
21:04So, we don't know what the price did yet. There we go. So, price gets to this trend
21:09line. And what's cool is I also have um I'm going to try to make a bell.
21:14That's kind of a bell. Yeah, sure. Okay. So, that's an alert.
21:19So, I have alerts on all of my trend lines. Yeah. So, when price gets to or touches my trend line,
21:24I get an alert. I get it on my phone, on my Apple Watch, on my laptop. So,
21:27I'm the first to know. Obviously, not the very first, but I'm one of the first.
21:32Do you do that on Trading View, the alerts? Yeah.
21:34So, I'll set the alert. And that's that was also a game changer in my strategy. I have never been
21:39able to use trend line alerts. It was always price alerts. So I would have to just set a
21:44price. Yeah. Where if I could do it on trend line, it Oh my god, it made such a huge difference.
21:48It was the coolest feature to discover. So I have alerts on all these lines. So I'm the
21:524hour trader. I see point A, point B. Let's say that a day goes by. This is all a day's worth of
21:57movement. I'm not even looking at the charts. I'm I've got my alerts set. If price touches it again,
22:02I'll be the first to know. Yeah. Well, then let's say a day later,
22:05price gets to this line. All right. This is my indication
22:08based on the bounce and anticipating that price is going to respect this line. I'm
22:12going to take a buy order right here. So, I'm thinking price is going to respect.
22:18Yeah. And boom. Obviously, it doesn't. This is
22:21what's the coolest part about these action lines and safety lines is even when something scary like
22:28that happens, which a lot of traders will freeze up. They don't know what to do. Maybe they'll set
22:32their stop at, you know, the last low. This is my safety and my action. So,
22:37if price didn't respect it, I'm going to know immediately. Yes. Now, obviously,
22:40there's this part is subjective. Am I putting it this close? Am I
22:44allowing that much room? This part is going to be based on the trader.
22:48Um, if you're brand new, you could put it just below break even. So,
22:51there's a lot of options you can use for your stop loss. I'm going to use this guy here.
22:56Mhm. So, these are all stop losses, but these are going to be based on risk
23:01tolerance, position size, and experience. Mhm. I'd be comfortable really giving that some room,
23:07seeing is this going to is this a fake out? Is this a little wick? And then it's going
23:10to continue up. So, I'd be comfortable giving it some room. That's me. That's my experience level
23:14risk tolerance position size. For the beginner traders, I'd say something in in this range.
23:18Yeah, they're going to know pretty quickly,
23:20pretty instantly. So, this is a scenario where they took a loss immediately. Um, so yeah, I guess
23:26it's as easy as that. This is where price didn't respect the line. We're looking at, you know,
23:30all of our entry criteria was met, which is so it was still A+. I still took the setup. This
23:35just ended up being a scenario that didn't work out. So, we've got two touch points here. One,
23:39two. So, we can check that off. We're gonna make a Yeah, there we go. Data. We're going to call this
23:46um you know, another Monday to Monday. Yeah. And it's always going to be based on um someone
23:51asked me this today specifically when we're going over how much data is behind the line.
23:55Where does the starting point and ending point? Um, and it's always going to be the
23:59first touch point to where price is at now where you're getting ready to enter. Okay?
24:04So, if this was Monday, that doesn't count as the week's worth of that's plenty. If this ended up
24:08being Monday to Monday, you're looking at plenty of data. So, you can definitely check that one
24:11off. But, it's always going to be based on the first touch point of the trend line to where
24:15you're getting in right now. Okay. Got you.
24:17So, we can check that one off. And then it's almost always going to be low risk because
24:21action line is safety line. So, this was an A+ setup here and it just didn't work out.
24:27That is a losing scenario of the bounce. Yeah, you can wipe now. Should I keep this again or
24:35No, no, you can erase that one. I'll redraw them on this side.
24:38Make it easy for you. Yeah. Okay. So, now let's do um my my bread and
24:44butter. Yeah. The trend line break. Mhm.
24:47So, this is And some people still trade the bounce. Whenever my uncle taught me how to trade,
24:53I traded the bounce. I traded actually to be honest I traded something called channels.
24:59Yeah. Where price is trending and it's
25:01kind of bouncing in between here. I tried to do buy orders, sell orders, buy orders, sell orders.
25:06I tried to do um we've got I'm going to that was me trying to attempt a break and retest. Okay,
25:13there we go. Okay, so I used to trade the break and retest. I used to wait for um let's say we
25:22got price coming up and then boom. I'd wait for the candle to close to be done. So there's so
25:28many different ways to trade trend lines. Then there's you know the classic trend line bounce
25:34and then the one more I'mma fit right in here. I didn't need to go that far with it. The trend
25:39line break. So, we've got a lot of different ways to trade trend lines. And I tried them all. And
25:45what changed was, like we talked about, is like calculating, like figuring out, gathering data,
25:50seeing which one of all these different ways to trade trend lines. The candle closure,
25:54the break and retest, the channels, the break, the bounce. Like, there's so many. There's probably
26:01even more ways to trade trend lines than I even know. But I've tried all of these. And the only
26:05way that you can narrow this down and figure out what works with you is to just gather the data.
26:09Yeah. put in the reps. Yeah. Yeah. But um Okay,
26:12so now the trend line break. Okay, let's see how I can draw price here. Here we go. We're We're going
26:20We're going higher and then we're going lower. Okay. When I tell you platinum looks like this
26:29on a regular basis, I'm telling you it does. It's the coolest thing ever. Sometimes we'll get some
26:33consolidation, but like after that consolidation, it just goes. It's the most beautiful thing ever.
26:39But okay, so trading the trend line break. Also, when I draw my trend lines, you'll see that um I
26:45color code them as well. So, I will make sure that my trend line, my upward trend lines are green,
26:50my downward trend lines are red. Nice.
26:53But when we're trading the trend line break, this is a scenario where I'm still going to have my
26:59playbook. Mhm. Um,
27:01for trend line breaks, I've got two playbooks that I've been experimenting with for the
27:06past like 3 years, which is just simply the amount of touch points that a trend line has.
27:11Um, when I'm trying to experiment with like entry criteria or different setups or playbooks,
27:17I want to when I'm making any sort of change, like I want it to be so minimal because if I
27:22start to add like now, I also want to change the amount of data that's behind a trend line and the
27:26amount of touch points. It's like it's so hard to make modifications or see what works. Yeah. When
27:32you're making too many adjustments. Yeah. So, we've got our A+ setup here for
27:38we're going to call this a three touch point. I'm going to put a plus because platinum will normally
27:44like we get three, four, five touch points on a regular basis. It's it's pretty fascinating. I'm
27:49a huge advocate for uh Freddy Platinum. Yeah, I can tell.
27:53And especially with the trend lines though, it's it's it be it respects trend lines beautifully.
27:57Um, and it's very different from like the other metals like silver, copper, gold. So different.
28:02And it just it's it's crazy. But it's also a little bit um higher barrier to entry. So it's
28:07a little bit more expensive to trade platinum. Um, so we're going to do the three plus trend line
28:13break. Boom. So our entry criteria for this one is first it has to have three or more touch points.
28:24Not to be confused with take profit. That is touch point. Um, and then the next one is has to have
28:31over a week's worth of data. Overs overs week data. And then the last one is it has to be
28:40low risk. And then I'll go over some different scenarios. Now, this one sometimes isn't met. So,
28:45since we're not trading the bounce, there can be very high-risisk scenarios that I just have to
28:49pass up on because we got a break and when price made that break, I'll try to do some examples,
28:54but it was just way too far away. Okay, so this is my playbook right here for the three touch point
29:02trend line break. Three or more touch point, trend line break. So, let's say I'm looking
29:05at Could I use that napkin again? Of course. I love to pretend like we can't see what happened,
29:09even though it's very obvious. All right, so I don't
29:12know any of that's about to happen. Mhm. All I'm doing is making sure that I've got
29:17my alert. Nope. Here we go. My little bell. Okay. I'm making sure my alert is set. And all I need is
29:26two touch points to draw a trend line. Yes.
29:28Just cuz I mean, you got to at least have the second one to kind of try to gauge where
29:33price is going. So, I've got one and two touch points. So, by this time, I would have known,
29:38okay, I've got a second touch point. My alert is set. If price breaks it,
29:42I'm going to enter. So price bounced. So now the trader that was using the bounce was having
29:47a great time. Just a beautiful setup. I wasn't looking for any of that. And the only reason that
29:53I don't trade the bounce anymore is because the amount of data that I've gotten from my trend line
29:58breaks. I'm okay passing up on all these because I have found incredible success trading the breaks.
30:06So I'm looking for less trades also. So if I were to incorporate the bounce and the break and two
30:11touch points and three touch points, I'm placing a lot of trades. So, I'm trying to narrow this down.
30:14Yeah. So, passing up on all
30:15these I'm okay with. I'm just waiting for it to finally break. It finally breaks right here. Now,
30:21my alert will go off here. My alert will go off here. And my alert will go off here
30:25just in case. Yeah.
30:26Yeah. So, I'm I'm on red
30:28alert. I'm ready. When price touched it, I'm like, "Okay, I'm watching it for a little while." Um I
30:32mean, these are 4hour candles, so I've got plenty of time to make a decision. Yes. So,
30:36I'll see the alert will go off. I'll watch it throughout the day and see that it it never ended
30:40up breaking and just continue to respect it. So, moving on. Then the alert will go off again here.
30:46Do the same thing. I'll monitor the the price. I'll see if it breaks. Maybe like it wicked out
30:52just a hair but not enough to convince me. And then continued up. Here would have been another
30:55scenario where I would have been I probably would have had my hand on my phone ready to trade
31:01because this probably was if we were to look at the candle open without closing like I'm
31:08sure closing it probably would have just been a wick but if I'm watching this in real time it's
31:12the c the body of the candle is moving down. This looks like this might be a setup for me
31:16and then let's just say it ended up being a wick and I can do a little wick here.
31:24Um, so we're going to say this was just a wick part of that price. Beautiful. So
31:31then I ended up passing up on this one as well. But then this guy right here. Now,
31:37you'd think that I've wrinkled this all up. You think that I would get in right here?
31:43Yes. But I can't. So the reason I can't
31:46is because I don't have Oh, we didn't even write it down yet. So, I need action line and safety.
31:59The action line I have cuz price broke. So, that's telling me to take action.
32:03The safety line is what I don't have. Okay. So, this is where people um think that I take
32:08or maybe they don't do maybe they haven't interpreted my strategy the right way. So,
32:12after this they'll be able to. Yeah.
32:14But I don't take setups like this because I don't have a I don't have a a line keeping me safe. Mhm.
32:19So, this is where I have to be patient. So, now my alert went off. Price broke. Okay, amazing. But,
32:25we were working with all-time highs. I don't have anything keeping me safe. So,
32:30this one doesn't have a safety line. And if I was to enter,
32:34it's incredibly high risk because it'd have to come all the way back up here. So,
32:38I don't have a point A and point B. So, this is where I would have to just sit and wait now.
32:42So now as price continued and did something like this, now I have a point A and a point B.
32:50So now I can get involved. So let me get my red line going here. Now I can draw a line.
32:57Boom. So we've got a point A and a point B. Amazing. But now at what point do I enter?
33:03This is where I will take this line and I will adjust it. So I'm going to do a dotted line and
33:10kind of visually Pretend like I'm taking this line and moving it to this new low. So, we're gonna say
33:20this is where I've moved this line to now. So, now we have a break. I've got an action
33:26line and a safety line. Now, I can actually get involved.
33:28So, there's there's moments where I can't You'd think it's so much more obvious. You're like,
33:32"Okay, the price broke a trend line. Get in." But there's so much more that
33:36has to be met. I have to have a point A, a point B for the opposing trend line. Yeah.
33:41And now I have a line that's keeping me safe. But now guess what? On this set, it's only two
33:47points. So do you see how much like there has to be so much criteria met? So like this is a
33:52scenario where it wouldn't even be an A+ setup. Like we've only got one two touch
33:55points. So I'd be able to check off, you know, two of these items. It's low risk and we'll go
34:01over why that is. But we've got only two touch points instead of three. Um we've got, you know,
34:07maybe this is another Monday to Monday or maybe it wasn't. Maybe this is a Monday to Wednesday.
34:12Then we don't even have a week's worth of data. So this is so much time has gone by. We finally
34:17get a break and I still can't take the setup. So these are just scenarios where I have to be so
34:22picky about setups. I have to pass up on so many scenarios because not everything was met. So it's
34:28the hardest part about being a swing trader, first of all. Yeah. And this is how I've just I think
34:33this is how I've found my edge is being pickier on trades and just allowing everything to be met. All
34:40of this criteria even though that first break, you'd think it's obvious the trend line broke.
34:44It's time to get in. No, I have to now have an opposing trend line. I've got to have a high and
34:49a lower high to draw a downward trend line. Yeah.
34:52Then I have to adjust the previous trend line, which only has two touch points now. So,
34:56there's just so much that goes into it to allow me to actually take that trade. So, for this setup,
35:02we're going to say that I am taking the we're going to go back on my word and say that this
35:07is now a two touch point trend line break, which I do have both playbooks. Um, what I've gathered
35:13from my playbooks is my win rate is higher on my two touch point trend line break versus the three
35:20touch point trend line break. Um, well, we can go into it a little bit later, but um, but my average
35:25loss is much higher on the two touch point. So, they're higher risk setups than my three. So,
35:29it's it's very interesting and it's the coolest thing to be able to collect that data. Yeah.
35:33But, okay. So, let's say that we took this signal right here. So, we've got a break
35:36of a two touch point trend line. We've got one touch point and two touch points here.
35:42Oh, of interest. Why do you adjust it from the start of this trend line
35:45versus say adjust it from the closer Oh, yeah. Yeah. Yeah. So when I am
35:50marking up charts, I do a top down analysis and I am essentially trying to create like
35:56a a fan of trend lines. So one rule that I have is my previous point B of a trend
36:03line will always be the start of the new. So um let's say that we're looking at we'll pretend
36:07like this is a mini um computer right here. Mhm. Okay. So this is a chart that we've got
36:16on a we're saying we're looking at a monthly time frame here. So I'll always do a top down.
36:20Mhm. So I want to see
36:21what the price has done overall. Um so let's say price is starting low came down lower but
36:30then like moved really aggressively high. So we'll say this is this is our chart here. I will start
36:36on the monthly time frame. Scoop. I'm looking for the lowest point I see on the screen. Y
36:41I'm drawing an upward trend line. Boom. And then my previous touch point, my most recent previous
36:47touch point is going to be the start of the new. Okay. Yeah.
36:50So then we come up even steeper here. And then as I go from the monthly to the daily to the weekly
36:55to the 4 hour, I'll get a much closer look and these it will start to look like a fan. Then we've
37:01got steeper and steeper and steeper trend lines. Okay? So previous a good rule of thumb is just to
37:06think previous point B is going to be new point A. And is if it's starting to look like a fan,
37:10you're doing it right. Let's take a break for a minute there, guys, cuz I want to tell you
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38:40trader today. Now, let's get back to the episode. So, I'm always trying to pivot. Pivot at the
38:46lowest point I have on the screen. And the reason why I'm doing that is I'm trying to
38:51identify which one of these touch points is the true point B of this trend. Yeah.
38:55Or a true touch point of this trend. So at one point this one was accurate. But if
39:00we are moving down, which break of the trend line was the one that actually solidified the trend
39:06reversal and it was this one right here. So um
39:10yeah, I don't know where I was going with that, but yeah, my trend lines will always
39:13be like a fan of upper trend lines. I'm trying to maintain point A and just pivot from there. Always
39:18adjust. If it goes if it goes higher, I need to draw steeper trend lines. If it goes lower,
39:22I need to take that point B and move it. So, this is where I would
39:25have moved it to here. Do you ever have anything when it like a trend
39:28line will cross over, for example? Um, what do you So, if like the ascending and the descending
39:32cross over, is that any any uh bonus? Oh, like a little bit of a wedge. Oh. Um, no. But
39:39I would say when I do have double confirmation, it's only when we are in consolidation. So,
39:44should I move this? Yeah, go ahead. So, if we're ever in consolidation,
39:48I like to try to mark up um as many touch points as possible on the lows and highs.
39:52Okay. And let's say that
39:54I've got a downward trend line here. And let's say we don't see any of this. Yeah, of course.
40:01When So, this has created somewhat of a wedge here right in between the consolidation and the
40:05downward trend line. It finally broke out. This right here would have been double confirmation.
40:10So it would have given me first confirmation that we're no longer in this consolidation because it's
40:16finally broken out. Yeah.
40:17And it also crossed a downward trend line. So this would have been a a double confirmation.
40:24Do you see? Sure. Double confirmation too. Um but as far as like wedges go, um doesn't
40:31really make too much of a difference to me. Um doesn't add any value or any additional
40:35confirmation to me. But this would be the only scenario where something like
40:38that does give me add conference. That's great. So, trend line break. So, had to be super picky.
40:43Had to wait for this. Yeah.
40:45Um, but now that we finally have a high and a lower high to where we can start our trend line,
40:51then we got a break right here. Alert went off after I moved it to this new low here.
40:56I can finally take a position after all of this time. After weeks, it's Yes,
41:04it's exactly how it feels after weeks have gone by waiting for a good setup. Yeah.
41:08Um I mean weeks rarely, but it's usually days and it's exhausting. And then seeing a move like this
41:13gives you FOMO because you wish you'd gotten in, you know, here at the double confirmation. Maybe
41:17I slept through that alarm. Maybe I didn't catch that setup. So then this gives you so
41:21much FOMO you want to just take a trade. You'd be probably more inclined to take this little tiny
41:25wick because you've just you've got FOMO. You're like, "This was such a move. I want to get in on
41:29it." So, I've trading as many as many years as I've been trading, I've been able to like
41:35just pass up on these. Like, I'm just I'm okay with it. I'm okay with not taking that setup,
41:40not taking that setup and then waiting to finally get a lower high so that I can draw
41:46a line and now take a good setup. So, was the strategy the same when you were
41:50cuz originally you were day trading. Yeah. Was it the same in terms of the
41:54general concepts and well data wise maybe just shrunk down to
41:58data wise days I didn't have Oh absolutely yeah when it comes to like the five minute time frame
42:03I'm purely just going off touch points cuz the data could be it could happen in an hour two
42:08hours um so I didn't use this but as far as when it comes to day trading I didn't even have like I
42:14didn't have a journal back then so like I I didn't track it as well as I did in the 4 hour time frame
42:19so but as far as like the trend line breaks the trend line bounces the channels that I traded. All
42:24of those scenarios I traded in the fiveminute time frame. But it was slowly as I started to
42:28narrow down my instruments, my time frames, and my setups and then move to higher time frames as well
42:34that I started to see the success that I've had. How was the transition? Like, as you said, you
42:39could be waiting weeks or days, but at least, you know, the patience has to be there. But going from
42:43day trading this style to where you're getting a lot more frequency to then obviously doing
42:49this was there like a a period of getting those reps in building that tolerance of patience etc.
42:54Yeah. Um it was 2023 like I'm going back on a fever dream. It was it was really really
43:01tough. Um, and I did it publicly and I I thought it would be like a super fun journey to be like,
43:06"Guess what? I'm moving from day trader to swing trader." And like January and
43:10February just awful. Publicly awful. Like it was excruciating. And then to have to
43:17post about it. Um, I placed way too many trades. I kept reverting to the 1 hour and I was like,
43:21"What are you doing?" Like you're showing everybody that you're a swing trader now
43:24and you keep going back to the 1 hour time frame. So, it took I truly think it took that whole year.
43:30Like, which blows my mind
43:32when some people tell me that they're switching time frames and they want success in a few weeks.
43:36Yeah. Yeah. It took me a year to master swing trading. And I feel like swing trading is not
43:42for the faint of heart. Like, you have to wait for so much time to go by. You don't even get
43:46the reps in. You can't get the reps in. Yeah. Because they're so far and few between. So,
43:50I think you ha you kind of have to start in the lower time frames to get the reps
43:54into the strategy um before you actually move up in time frames.
43:57Build your tolerance. Yeah, exactly. Yeah. And just get a handle
44:00for the strategy itself. Definitely. I love that. All right, we got an upward trend line. Upward
44:05trend line. Okay, I'll try it with this one. Price is respecting one,
44:11two. We'll say this is just a two touch point trend line break. Then we get a break here. Oh,
44:19okay. I see what I'm doing wrong here. Give me a second. I need price to have gone higher before
44:24it breaks. There we go. There we go. There we go. Okay. This is a high risk code. It looks awful.
44:32Okay. Boom. And then we'll do a scenario where is low risk, but it was a fake out. So,
44:38we'll go looking good. Looking good. We'll call this one A+ one, two,
44:43three touch points. Boom. Boom. Boom. Okay. All right. So, we've got high risk and low risk.
44:51Yeah. And let me
44:53show you why one is higher and one is lower. Ah, thank you. So, we've still got the break. Yeah.
45:04Price broke a trend line here. This one we've got one, two, three touch
45:09points. We'll say this was A+. This was a great setup. A week's worth of data, lowrisk setup. Um,
45:17three touch points. Amazing. This one right here only has two touch points and it's high risk. Now,
45:24let's go over what the the high-risisk part means. So, we've got an action line. So, you
45:29guys remember action line and safety line? Yep. I mean, you remember. I feel like we're talking to
45:33the camera. We're talking to everybody. They know. Everybody remembers. We got an action.
45:37We got an action and a safety. Action line is the one that tells you to get into the
45:43trade. That's the line that was broken. That's the trend line that was broken.
45:46The opposing trend line. So different from the bounce, the bounce, these are one and the same.
45:51When you take the break, the opposing trend line is going to be the safety line. So your up safety
45:59line action line is the one that broke. So in this scenario, the upward trend line was the action
46:08told you to get in. So we're going to say this is our entry. This is our entry. And the safety line,
46:16this is what mitigates our risk. This is what tells us if it's high risk or low risk. This
46:20is this tells us how long to stay in. Like this line, I'm telling you, is everything.
46:25Mhm. Um, it allows me
46:27to remove the decision- making. It allows the price to tell me what decisions to make. So,
46:33this safety line is the key to everything. Um, I was going to draw a key, but I don't
46:38even know how to do that. So, we've got we've got our downward line, which is our safety. So
46:43action line, upward line, safety line, downward line. When the price broke, this is how we This
46:49is how we figure out our risk. High risk or low risk. Yeah. We're trying to figure out the
46:52distance between when the price broke and the safety line, the difference between the two.
46:59Mhm. So when price broke over here, which we'll say maybe it was down here, somewhere in this
47:05area, this candle, we'll say somewhere in this 4hour candle, price is this far away from the
47:10safety line. Pretty close. Just visually looking at it, aside from how many contracts you're
47:15trading, how many ticks it is, just visually looking at it, price is fairly close to this
47:19line. So this is considered low risk simply because of the fact that when the price broke,
47:24it was close to the safety line. Yeah. when the price broke here, which we'll say it could be
47:30at any point here when you're deciding to enter depending on the risk tolerance, capital size,
47:35um if you need additional confirmation, whatever it may be, it's a farther distance from when the
47:41price broke versus here. Yeah.
47:42So, it's just it's simply that's right there. What tells us if it's high risk
47:46or low risk is when the price makes the break, how close is it to the safety line?
47:52Mhm. And there's going to be many times where this happens and especially like after the tariff stuff
47:57and the tweets and all of the whole nine yards. Price makes such aggressive moves that I had to
48:03pass up on so many scenarios because it it made such an aggressive drop or you know vice versa.
48:09Have I labeled this wrong? Oh um yes.
48:11Yeah. I wanted to make sure I made the mistake there. Everyone
48:15I was thinking when you were saying it I was like I've done this wrong. Yeah.
48:18Low risk. Yes. High
48:20risk. And that's because of the distance. Yes. The distance between when price broke
48:26in conjunction to the safety. Yeah. Because then your stop's
48:29going to be much higher. Exactly. When it's closer up.
48:31Yeah. And the stop will always trail. So it'll just And this is this part's manual. And I'm
48:36sure maybe maybe there's brokers that allow you to like automatically trail your stop.
48:40Yeah. Okay. I I
48:41haven't I don't have any experience with that. There's like a lot of softwares rather than I
48:44haven't personally come across a broker. Um, but I think there's like different softwares
48:48that you can plug into the platform, trading platforms and stuff. Yeah.
48:51Okay. Okay. Well, usually it's just manual for me. Yeah.
48:55In terms of execution, do you do manual execution as well?
48:57Yeah. Yeah.
48:58Mhm. I think that's a cool part about um my strategy as well is I'm not using limit orders.
49:03So, and I think that's what's cool. I'm I feel like very in sync with my instruments
49:11because one, all these lines that I'm drawing, I'm drawing them manually. I'm not throwing a trend
49:15line indicator. I'm not using the magnet tool to snap it, you know, in these point A's and point
49:19B's. I'm doing this myself. Yeah.
49:21I'm finding a low. I'm finding a higher low. I'm drawing the trend line. As price moves, as we get,
49:28you know, steeper movement, I'm drawing more trend lines. And I'm I'm actively adjusting my trend
49:34lines, deleting trend lines, drawing new ones. I feel very in tune with it. So, when it comes to my
49:40entries as well, I'm using the market order. So, I'm I'm watching. So like here my alert
49:45would have went off. Alert would have went off. Alert would have went off. And I'm I'm
49:48watching and I'm waiting. I'm watching. I'm waiting. Price doesn't break. And then this
49:52is the moment where I'm now I have to make the decision at what point am I getting in?
49:56Yes. So
49:57you need a do you really need a candle close and leave the trend line to confirm it? Not in a 4hour
50:03time frame. Okay.
50:04Um it's to have to add that to my list of things like I'd never I'd
50:09never trade. I probably would never have a setup. I mean eventually I would but um
50:13it reduces it down too much. Yeah. Yeah. So I would enter just
50:17simply when I think when I'm convinced it's just it's having conviction that okay this
50:22depend on that momentum and you how how the day has gone or the last few days has gone. Yeah.
50:27Absolutely. Mhm. So it's just if you know price is just hanging out around the line
50:33I'm I'm not convinced. If we were getting like this candle has got some momentum this body is
50:37moving down I'm thinking okay it's time to get in. I feel confident about this move. All my
50:41in also depend on like how much momentum was before as well before it broke.
50:45Mhm. Absolutely. So that is yeah high risk and low risk.
50:49That's great. Let's go over some quick pros and cons. And again I like to highlight for
50:53the audience cons doesn't mean it's bad. It's just literally things to be aware of okay when
50:58uh trading this style. Um things like you know may have been hurdles or things just that may be a bit
51:04of a challenge that you might not be used to. Um, if I do cons on this side for you and then if you
51:09want to do pros on yours. Love it.
51:11I would say patience, of course. And again, it's it's really weird because patience, if you
51:16go through all of the chart fanatics episodes, seems to be the one thing I always write down.
51:20Yeah. Um, but it's the
51:21truth for any strategy. Even if you're a scalper, even if you're a swing trader, obviously it's more
51:25prevalent when you're a swing trader, of course, uh, because the patience is, you know, days, it
51:29could be weeks depending on, you know, the the the charts, etc. Um, but even as a scalper, you got to
51:35be patient for the right trade. But patience for sure. I think I wouldn't say it's a negative or
51:40like a con in that sense. But like patience, I say that you really have to, it's a positive because
51:46that's what you know helps you to be profitable using the system. But I would say something to
51:51be aware of is you need to follow the rules. Yeah. Right. You got to be picky. Set the rules
51:56because even if you don't copy exactly what Tori does, you need to create your own at the minimum
52:01because otherwise you're taking every break, every bounce, everything. There's so much there's I
52:06think that's part of the cons is that there could be so many setups. There could be fake outs, so
52:11many trend line breaks. Um so it's until you start to narrow it down and create rules that you'll
52:17move to the pro side. Definitely. And I love that. Um we'll go we'll come to the pro side. So pro
52:23side I think obviously there are rules you know as we mentioned um is specific in terms of time
52:28frame which I think is really helpful because I think when a lot of these other strategies you're
52:33jumping between time frames it can be very easy to sort of start to second guess or fix yourself
52:38but with this way at least it's like one time frame
52:41I think it's like a a one thing like one time frame one instrument and one I mean if
52:48depending on what uh time frame you're trading it could be one trade a day one trade a week,
52:52one trade a month. Um, but I think, okay, you don't have to do the decision- making yourself.
52:58So, as a female, I don't know if this is an awful thing to say, I hate making decisions.
53:03So, I allow I allow the price to tell me when to get in and when to get out.
53:07Yes. So,
53:08this is this is purely relying on price action, which I think is a pro. We're not relying on like
53:13um hypotheticals or news or fundamentals or having to make this decision oursel. Like,
53:18this is purely price action, purely allowing the price to dictate the decision. So, I'm gonna say
53:25no. D. No, that's a B. D E C I S I O N S. Or is there a C there? Don't know. You're asking. Yeah,
53:35don't worry. I'm sure the comment section will be will be correcting us if if necessary.
53:40Okay. But no decisions. Um, and it's purely price action, which I love. There's a great
53:47one. And I think another one as well would be your your trade management as well. It's a clear
53:53trade management system like you follow whether it's stop loss, whether it's moving the stop.
53:58Um so it's not really left to interpretation. You you have a very clear system using the strategy.
54:04Uh which on this side to be fair I had one uh which was though we have the riskmanagement
54:10side in terms of execution it's a bit more how do you call it discretionary.
54:16Yeah. So yeah that's true. That's true.
54:18I can't definitely can't spell discretionary. Discretionary execution can't spell.
54:23D E. Yeah, that's what we'll put. Discretionary execution.
54:26Yes. So like allowing like how far do you let the candle break?
54:30There is discretion involved. And I think what comes along with that which could be
54:34moved to a pro. It's just if you can build the relationship with the instrument like
54:38then it makes the discretion so much easier. Of course. Yeah. Yeah. Because that's where that
54:42all comes down. where the discretion comes in is that when you've done the reps and got the data,
54:48it's it's still discretion, but it's more like that's where the intuition comes in.
54:52It's the fact that you've done it so much that you get a good feeling as we talked about
54:56is like, okay, if there's enough momentum here, I've seen this, you know, here's examples of this,
55:01you know, here's the data behind this. And I think that's really, you know, something that
55:04I really try and focus on and I know a lot of the sort of professional traders like yourself
55:07and others really focus on is that data because without that data, it's hard to have confidence.
55:14Yeah. It's understandable why you wouldn't be
55:16confident and without the confidence to be able in your edge, it's hard to execute, right? And that's
55:21where if you're discretion without the edge, that's going to be really difficult. But if you've
55:27done it right, which is what everyone's saying, make sure you have your edge and your data and
55:30you collected that yourself. Even if someone has taught you who's done that themselves, it's still
55:35important for you to, I believe, go out there because um you need to be able to trust it. And
55:39the only way to do that is that you've seen it. Um not just from someone else,
55:42but you've seen it yourself. Beautifully said. Yeah. That's
55:44where you gain the confidence. I think that is that is 100% it. Like I could teach a strategy,
55:50but you won't have the discretion to just take that break. Yeah. and like instead of having
55:56hesitance and maybe waiting for the retest or waiting for the candle closure, um you
56:00just won't have that confidence to get in until you've done it so many times that you're like,
56:03you know what, I can get in upon break. I don't have to wait for the candle to close or I don't
56:08have to wait for the retest or maybe I do. So, it's And another thing that um I would like to add
56:14to pros and cons is a lot of people want to trade platinum because I do like it's just and I get it.
56:20Platinum is a higher barrier to entry. So that would be only but this is purely based on if
56:25they want to trade exactly like me. Yeah. It's in the futures market. I think it
56:29costs somewhere between like six grand or 6,600 to hold one contract. Wow.
56:35Now that isn't a margin account, but it is still a higher barrier to entry. So a lot of people come
56:39in thinking I want to I want to practice. I want to simulate on platinum and then when they go live
56:44they're like I can't even afford this. Um, so that is something to keep in mind, which is why you
56:48need to get the reps in and get the discretion because you can apply the same strategy to any
56:52instrument. Yeah, that's the coolest part. So, if you can just get the reps in to a different
56:57instrument or something maybe like a micro gold or a micro silver, some of the micros,
57:02you can still develop that edge and eventually work your way to platinum as you grow your
57:05account. Or maybe you just continue to trade that same instrument because you
57:08found the same here. That's why I mentioned is range like it's obviously the strategy is
57:12not really based for rangebound markets. Um so there will be lack of opportunities there. Yeah.
57:17Versus but that's why you've chosen pattern. That's true. Because it will
57:21it'll be trending a lot more on this side. On the pro side, however, I would say fractal. So
57:25obviously it's fractal. You can use it on different time frames. Um just of course
57:29adjust rules and make sure to uh collect that data. So you can adjust those rules.
57:33Yeah. Um
57:34I couldn't spell fractal so we'll leave it at that. That's okay. Um and the last one was in
57:40terms of like you know you the system can work. Again, there might be some nuances, you know,
57:44slight rule changes if necessary. But if you can identify a really good trending market, you know,
57:49that's a great one for trend lines, right? Yes. So, like the opposite of the range.
57:53Yes. Cuz like a pair like Euro GBP,
57:56right, on the forex side that's going to be terrible for trend because that just ranges
58:01just in a range for the last 10 years. Um, so you pull your hair out. But something like
58:06gold gold or platinum
58:07or even something like Euro AED or or GBP NZD there are huge ranges you know huge movements
58:14um so those will be a bit more you know bit more suitable. Cool. Let's get on to the charts. I'm
58:19super excited to see now you know what we see over there and see those live examples. Yeah.
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1:01:06link for propertrader.com is in the description below. Now, let's get back to the episode. Yeah,
1:01:11we got the laptop out right now. We're going to go on to some live examples of exactly what Tori
1:01:15drew out for us and and broke down for us. So, we're going to see some actual uh charts now of
1:01:20the exact same stuff. And I'm excited for this to be honest with you. Like I said, you know,
1:01:24we've done so many pods. Yeah.
1:01:26Talked about the journey and Yeah, exactly. We talked about the strategy,
1:01:29but it's been a pleasure to actually see it now. So, um, we could start with this is copper. I was
1:01:37actually just marking this up this morning. Um, so this is kind of what my charts look
1:01:42like on a normal basis. Maybe some people will call this a laser show. I get picked
1:01:46on so much for it, but it makes so much sense to me. Everything's colorcoded. It, to be honest,
1:01:51it's very It makes so much sense to me. It's now some of these would be deleted. I was going over
1:01:57scenarios in the past. But if I was to have my copper chart marked up right now in real time,
1:02:01this would be gone. Yeah.
1:02:03So, this is where I can delete the line because it's been crossed. It's no longer relevant.
1:02:07I can take this line and pivot. So, remember we were talking about point A. Yeah.
1:02:11That stays the same. We're always when we're working with the highest point
1:02:14and the lowest point, that stays the same. We're just continuing to pivot.
1:02:18So, this right here would be moved to this new low. So, if the price does continue down,
1:02:24then we've just got a a very long um not very aggressive trend. This may be it. Price comes
1:02:30down, it comes up, it comes down, it comes up. If we look at this on a much higher time frame,
1:02:34it it might have a little bit more of an angle to it. But right now, this very well could be,
1:02:38if this continues down, this could be the point A and the point B. So, that's what I'm just trying
1:02:42to do. I'm as I rotate my lines, as I adjust my lines, as I find new highs or new lows,
1:02:48I'm I'm just trying to figure out which one is it going to actually respect. Cuz here at one point
1:02:53it would have been it would have been here. Yeah.
1:02:56Broke right through it. At one point it would have been here which this was an A+ setup. One,
1:03:02two, three touch points. We got a break. It's continuing up. So this right here is an A+
1:03:06setup. And I've got one of my students that is in the trade right now just managing. They
1:03:09got double confirmation that we talked about because price broke out of the range. Amazing.
1:03:14And now they're just allowing this line right here to keep them safe. Yeah.
1:03:17And even though they got in, price pulled back. She was sweating. Like, as long as it respects
1:03:22this line, she's okay with all the eb and flow. It could come down right now and then still continue
1:03:26up. Or if it comes down, she's now able to close that trade in profit because she was able to trail
1:03:30that stop along this line. Yes.
1:03:32So, that's the coolest part. But as price moves, you're always going to be adjusting
1:03:36and rotating and deleting and adding new lines. So, right now, if I was to trade this
1:03:41right here, let's say that I wasn't in a trade right now, I would have to wait for price. This
1:03:45is where I've got alerts on either one. Then, I'd set the alerts and close the screen. I'm done.
1:03:49And I would just simply wait for the price of copper to break either the downward or the upward.
1:03:54So as an example just to go back because uh I don't think that we
1:03:57were scrolling then but this was the A+ setup here. So we break out of the range
1:04:01retest uh because at that point as well we had one two and then the third. So break bounce.
1:04:07Um so that's great.
1:04:09And then as you're saying right now for example if we were to we wouldn't trade off the back of this
1:04:15cuz this is only two touches right now right? Yep. Um but the second one isn't confirmed yet
1:04:19until we break lower. Yeah. Um
1:04:22but right now you could if you were looking at bounces using the
1:04:25Oh, absolutely. the upper trend line here, we could look at doing the bounces and if this needs
1:04:29adjusting, is there a point where you would just stop adjusting? If it breaks this high, I imagine
1:04:34um if it ever gets high, yeah, if it ever gets higher than this and becomes horizontal, I'd
1:04:38just use that. And then that's another scenario where I have to be patient yet again and wait for
1:04:44um if price breaks this last high, I'd have to wait for price to start giving me
1:04:50a another high and a lower high to start trading a downward trend line. Got you.
1:04:53So that's only if I'm working with alltime highs, but I have to be very patient if I'm working with
1:04:57all-time highs because I have to wait for a lower high to draw a downward trend line.
1:05:00No, that makes sense. But this is copper. Um platinum we can go
1:05:04over which is just absolutely beautiful. I'll even take it. Right now we were in a range. I'll sure
1:05:08all day I'll take it because when it when it goes it goes. It's just so beautiful. Right here we had
1:05:14let's see one two three four five touch points. It does that on a regular basis. It's so fascinating
1:05:21to me. Um right now we are in a range. So I'm not trading. I'm sitting on my hands. I'm a little bit
1:05:27frustrated. Um especially because I missed all of this. This was tariffs, Trump tweets, like so
1:05:34much volatility, so much movement. I missed out on all of it. too high risk when price moves so
1:05:39aggressively away. Yeah. From the safety line, which would have been way freaking back here.
1:05:45Let me see if I can show you here. Also, just fun little um tidbit. I don't use
1:05:49the trend line tool. You doesn't that isn't that ironic? I use the You're not
1:05:55I use the I'm a ray trader. I use the ray tool because I need it to go indefinitely.
1:05:59Like if prices continue, I'm going to use it in the future.
1:06:02Makes it much easier. Yeah. So, at one point, this was a safety line. So, when price broke,
1:06:07like let's say, for example, um actually I think I was presented with a setup. Let me see if I can
1:06:13go back far enough. Okay, so we're going to say we can't see any of the crazy move it made recently.
1:06:20But let's say we did see this. So, we're always going to work with our the lowest point we see
1:06:26on the screen. Yeah.
1:06:27And let's say that this was maybe let's say that I was thinking of a two touch point trend line
1:06:32break. Point A, point B. We've got Let me make this green so it's not too lasery. Or maybe it
1:06:40made it worse. So when price broke right here. Yeah.
1:06:44Look how incredibly far away it was. Yeah. From my safety. I had
1:06:48to pass up on that. Even though price just melted. Like that hurt
1:06:53so much. It was just too high risk. If price broke and came back up, it's always the risk
1:07:00is always worst case scenario if price was to pull back and move against you and break
1:07:05the the line at that very candle right there. So if this candle right here was to come up and
1:07:10break, there's just way too much space in between. Yeah. Too much space here.
1:07:15Yeah. Yeah. So that was a high-risisk setup that I had to pass up on that just hurt because it kept
1:07:19going. How do you handle those moment? Uh, is it just a case where obviously you've been in the
1:07:25markets long enough, you've had enough reps where you kind obviously you still feel it,
1:07:30but you just accept it and be able to move on. That doesn't go away. That doesn't go away. And
1:07:34to be honest, it's worse now that I'm so much more plugged into social media. Back then,
1:07:37I didn't really know many other traders at all. I wasn't seeing anyone profit comparison.
1:07:41Yes. Yeah. So, it's worse nowadays, but I've
1:07:44got the the discipline and like self-awareness to not act on it, to not just place a stupid trade,
1:07:50make a a dumb decision, take a high-risisk setup when I shouldn't. Like the feelings are absolutely
1:07:55always still there, but I just don't act on them. Definitely. And do we have some uh stats that we
1:08:00we could go over in terms of I know that again you use data a lot for
1:08:05your trading and use obviously Tradzilla here. So, this is Tradzilla. This is the past. Whoops.
1:08:11Give me one sec. This is the past I think four years of trading. Three to four years
1:08:16incredible of trading. Um and then
1:08:20my favorite part is going to be the playbooks. Boom. This part. So seeing what like what data
1:08:28like what I can get to break stuff. We don't have anything on that yet, but I'm working with it.
1:08:33I like the emoji there. Yeah. Trend line bounce. I was like, ah, that makes total sense.
1:08:37Two touch point trend line break. Three touch point trend line break. So you can
1:08:41see the two touch point have got a better win rate. Incredible.
1:08:44But my average loser is 15 grand versus five grand.
1:08:47Interesting. So very different stats.
1:08:49But this right here has been my tried and true. Yeah. The win rates aren't like crazy different
1:08:54though. Only a 5% difference. Yeah. Yeah. Yeah.
1:08:56I mean that was I think this has gone up more specifically since
1:09:00uh this year. It was a little bit more of a significant difference between the two. But
1:09:04true. Yeah. But you've been more active this year as well, right? That's incredible. Honestly,
1:09:08this is why I think data is so important because even just looking or one obviously
1:09:12breaking it down into playbooks is so helpful. Um because I was I didn't trade for a long time
1:09:17during the whole rise of the podcast and this year I really started to
1:09:20try and be more active again. Okay. So I sync to Tradesella and I'm still
1:09:25need to set up my playbooks but it was just like I only have one playbook to be fair right now but
1:09:29I still need to sync it up. But it's just so good like it's so easy to do and then especially when
1:09:34you then are on like the calendar for example and you're go on the individual trade all you do is
1:09:38just tag the playbook. Yeah. Yeah.
1:09:40You know and then it will create the stats like this which is great. Um
1:09:43and I think it's just such a a game changer for traders to be able to see
1:09:47their data and I think that's was just the missing link for a lot of traders.
1:09:50I think so too. You know they don't have
1:09:52edge and they don't have data to even form an edge in the beginning. They're not even focused
1:09:56on you know it's kind of similar to what you said. Same with me though as well. When I first started,
1:10:00none of that was really what I focused on. It wasn't I didn't even know what it was.
1:10:03I know. Same. Um I remember the first
1:10:05strategy I learned was literally just here's some three or four confluences. Meaning like you know
1:10:09here's a trend line, you can use this or you know a break and retest or a zone or Fibonacci. Like it
1:10:15wasn't like a strategy. It was more like if you have three or four of these things take three.
1:10:19Okay. You know which is you could say is
1:10:21like the beginning of an edge, right? But there's no conversation of edge. who are now thankfully,
1:10:26you know, thanks to people like you and and others as well. Hopefully myself, I'm I'm trying to help
1:10:30as well, but it's really putting that focus on edge and data. Um because once you understand
1:10:36that, it doesn't mean you'll be profitable. At least it will show you why you're not profitable.
1:10:39Yeah. Exactly. Exactly. Yeah. Yeah. Um but yeah, and a phenomenal results, Tori, and
1:10:43thank you again for breaking it down for us today. It was really enjoyable, especially because we've
1:10:47spoken so many times about about the strategy. I know to use my hands and have you visualize it.
1:10:52That's it. That's it. Everyone at home though, drop a comment with your biggest takeaway from
1:10:56this episode. Any questions about the strategy, you know, I'll be looking at the comments,
1:10:59Tori will be looking at the comments. Links for Tori are in the description below. So,
1:11:04make sure you hit subscribe, make sure you like this video, help us reach even more incredible
1:11:08traders to bring you these very cool and incredible strategies and most of all profitable.
1:11:14As you saw, nearly closing in on 500K, which is an incredible milestone. Yeah. And uh well,
1:11:19hit subscribe, other episodes are on screen and it's been chart fanatics. Until next time, take

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