ManipulationX Indicator Best Settings & How To Use — Transcript

Full transcript

1. 0:00I believe that I've developed the most
2. 0:01accurate lower time frame indicator in
3. 0:03all of Trading View. In this video, I
4. 0:05want to run through my exact settings
5. 0:07that I personally use on my manipulation
6. 0:09XLGO as well as what a good setup looks
7. 0:12like. I know a lot of you guys are
8. 0:13asking, you know, which setup do I take
9. 0:15here? Can I blindly follow these
10. 0:17signals? And the answer is no. But that
11. 0:19being said, it's very, very simple to
12. 0:21mitigate these false signals using the
13. 0:23step-by-step rules that I teach you guys
14. 0:25that are inside the PDF, which I'm going
15. 0:26to run through all that in this video.
16. 0:28So without further ado, let us jump into
17. 0:30it. As always, if you guys want to get
18. 0:31access to this indicator, make sure to
19. 0:33click the first link in the description
20. 0:34below. Like I tell you guys over and
21. 0:35over again, you should understand the
22. 0:37trading strategy that you are trading
23. 0:39with the indicator. You should already
24. 0:41know how to use this strategy and how to
25. 0:43be profitable with this strategy alone.
26. 0:45The indicator is just there to save
27. 0:47time, to save headache, uh to give you
28. 0:48that final confirmation signal so it's
29. 0:50less emotional. You want to actually
30. 0:51understand what you are trading. Okay,
31. 0:53let's take a look at Ethereum here on
32. 0:54the 5minut time frame. So let's jump
33. 0:56into the settings here. Again, this
34. 0:58indicator can be used across any time
35. 1:00frame. So it can be used on a lower time
36. 1:01frame for entry. This is what I
37. 1:03personally use it for. But again, price
38. 1:05is fractal. So if you want to use it on
39. 1:06a higher time frame, you can do so as
40. 1:08well. The way I teach this indicator is
41. 1:10I use higher time frame levels and then
42. 1:12use these signals as an entry
43. 1:14confirmation. So we're going to jump
44. 1:15into the settings here. I pretty much
45. 1:16keep everything default except a few
46. 1:18things. Number one, when I'm using this
47. 1:20indicator, I don't show the live levels.
48. 1:22Okay? I know where these buy side and
49. 1:25sell side liquidity levels are. I don't
50. 1:26need to see those. And number two, I
51. 1:28will usually turn on the show recent
52. 1:30trades feature. Okay. When you turn on
53. 1:31the show recent trades filter, it will
54. 1:33just show you the most recent sell
55. 1:34signal and the most recent buy signal. I
56. 1:36don't need to see all the previous
57. 1:38signals. Um I like to keep my charts
58. 1:39very clean. I also will usually have
59. 1:41this chart open with my other indicator,
60. 1:43the easy algo indicator, as well as the
61. 1:45oscillator down here. So again, just
62. 1:46some minor customizations. You can also
63. 1:48show the dashboard in the top right
64. 1:51corner. That's also pretty cool. So this
65. 1:52is what my chart's going to look like.
66. 1:54Now when you are taking these signals,
67. 1:55okay, a lot of people are asking me, you
68. 1:57know, Matt, how do you actually use this
69. 1:59indicator? Can I blindly follow all of
70. 2:01these signals? Just for the sake of this
71. 2:02video, I'm going to turn off the show
72. 2:04recent trades only feature. So I'll show
73. 2:06you guys, you know, what this indicator
74. 2:07has called. First of all, basic common
75. 2:09sense is required. Okay, so for example,
76. 2:12at this point here on Ethereum, we were
77. 2:14at a higher time frame level. Okay,
78. 2:16structure is bullish on a higher time
79. 2:17frame. So we are in technically discount
80. 2:20zone. structure is bullish filling some
81. 2:22imbalances here as well, right? Bullish
82. 2:24fair value gap that gets filled right
83. 2:25here. Bullish divergences on the
84. 2:2715-minute time frame. Our bias is long
85. 2:29at this point. We are not looking for
86. 2:30shorts. Also, this was a holiday. This
87. 2:32was July 4th and it's the weekend. So,
88. 2:35this is a low volume weekend, guys. You
89. 2:36don't really want to be trading this,
90. 2:38okay? Like me, for example, I didn't
91. 2:39take any trades this weekend. Even
92. 2:40though there were a few good signals
93. 2:42using the new indicator, you know, I
94. 2:43personally did not do that. But again,
95. 2:45if we were to drop down to a 5minut time
96. 2:47frame, you can see that the indicator
97. 2:48had called a few signals. Again, we're
98. 2:50on a low volume weekend. It is a holiday
99. 2:52and our bias is long. Even if we got
100. 2:55stopped out on this short, if we were
101. 2:57just blindly following these signals,
102. 2:58you would still probably be profitable,
103. 3:00guys. I mean, you know, at least break
104. 3:01even to here. Probably a lose on this
105. 3:03one, break even on this one, lose on
106. 3:04this one, lose on this one, you know,
107. 3:06targeting equal high, you know, another
108. 3:08plus 4R on this one if you had taken
109. 3:09this trade. So, you know, even if you
110. 3:11were just blindly following, you
111. 3:12probably still would be profitable. But
112. 3:14again, there's certain rules that we
113. 3:15have to follow. Now, the formation that
114. 3:17I look for, okay, and I teach this time
115. 3:19and time again, and you will see this on
116. 3:21practically every single winning trade,
117. 3:23you have a sweep of a very obvious pivot
118. 3:25point. For example, very obvious pivot
119. 3:27point right here into a higher time
120. 3:29frame key level. So, in this case, you
121. 3:31know, let's say we're on the 5minut time
122. 3:32frame. We can pull up our golden pocket
123. 3:34fib, okay? Right into our golden pocket
124. 3:36fib and bullish momentum, meaning a
125. 3:38bullish divergence on our oscillator.
126. 3:40Now, by waiting for all these
127. 3:41confirmations, we mitigate pretty much
128. 3:43every single false signal. For example,
129. 3:45this signal right here, we did not have
130. 3:47a sweep of a very obvious pivot. There's
131. 3:49no momentum confluence. Again, we can
132. 3:50see right here, sweep of an external
133. 3:52pivot. Not the greatest signal. Again,
134. 3:54our bias was bullish, but this had the
135. 3:56bearish momentum confluence, right? That
136. 3:57was a winning trade here. Example,
137. 3:59bullish divergence on our oscillator.
138. 4:00Sweep of an obvious pivot into our
139. 4:02golden pocket fib. We had two sweeps of
140. 4:04liquidity here. Very obvious buy signal.
141. 4:06This is the formation that you want to
142. 4:08look for. Okay? Nine times out of 10,
143. 4:10winning trades will look exactly like
144. 4:12this. And I'm going to draw it out for
145. 4:13you guys just so you can study this
146. 4:15formation. Okay, you have an external
147. 4:17low right here. Okay, an external pivot
148. 4:19point. You have one low coming down into
149. 4:21this level. A very obvious sweep of that
150. 4:24low with that V-shaped reversal.
151. 4:26Something like this, reclaiming that
152. 4:27pivot point low into a very obvious
153. 4:30bearish fair value gap that you
154. 4:31immediately inverse with that buy signal
155. 4:33with a bullish divergence on our
156. 4:34oscillator. This is the formation that
157. 4:36you will see nine times out of 10 on
158. 4:38every single winning trade. This is what
159. 4:40we've done with this indicator to
160. 4:41completely remove the guesswork. So, all
161. 4:43you have to do guys is set an alert,
162. 4:44wait for price to come to your level or
163. 4:46even set an alert for one of these
164. 4:47signals, guys, and just wait for this
165. 4:49formation right here. Study this
166. 4:51formation. Again, we have another
167. 4:52example right here. Very obvious sweep
168. 4:54of external liquidity into a very
169. 4:56obvious bearish fair value gap that we
170. 4:58eventually inverse. And again, bullish
171. 5:00momentum right here with a bullish
172. 5:02divergence. So, the oscillator is going
173. 5:03to do a really good job at helping you
174. 5:05guys spot these bullish divergences as
175. 5:07well as plotting them on our new
176. 5:08indicator. Again, this would not be a
177. 5:10good signal right here. We did not have
178. 5:11an obvious sweep of a pivot point. Buy
179. 5:13signal right here would not be valid,
180. 5:14right? We want to see that very obvious
181. 5:15sweep of a pivot point. V-shaped
182. 5:17reversal up. This would have been a
183. 5:18really good buy entry right here.
184. 5:20Ideally, we want to target external
185. 5:21highs, which would be in this case all
186. 5:23the way up here and nine risk-to-reward
187. 5:25ratio. So, even if you had blindly
188. 5:26followed all the previous signals, you
189. 5:28would still be up around 4 to 5R,
190. 5:29probably more uh just by blindly
191. 5:31following the indicator. But again, we
192. 5:33don't want to do that. We don't want to
193. 5:34blindly follow. We want to wait for
194. 5:35those very obvious bullish momentum,
195. 5:38sweep of liquidity, inverse fair for
196. 5:39value gap. These formations right here
197. 5:41are the ones that you really want to
198. 5:44study, guys. So, when you get access to
199. 5:46the indicator, guys, we have a full PDF
200. 5:48on exactly how to use and what a good
201. 5:50signal looks like versus a bad signal.
202. 5:52We also get into, you know, what is a
203. 5:54fair value gap. Hopefully, you guys
204. 5:55already know uh, you know, these basic
205. 5:57terms. Again, we have inverse fair value
206. 5:59gap here as well. This is what the
207. 6:00indicator actually looks for for that
208. 6:02final confirmation. We also get into
209. 6:04what a liquidity sweep is. So I want you
210. 6:06guys to actually learn uh all of these.
211. 6:08And then also, you know, we have where
212. 6:09do you actually look for these, right?
213. 6:11Where do you look for these signals?
214. 6:12Again, you want to see a sweep at a key
215. 6:14level, right? At a golden pocket fib, a
216. 6:16sweep of a previous day higher low,
217. 6:17previous session higher low, higher time
218. 6:19frame, key level, right? We don't take
219. 6:21random inversions, right? We want to see
220. 6:22that sweep and IFG with bullish momentum
221. 6:25at a key level. Of course, we have our
222. 6:27volume divergences as well, which we
223. 6:29have coded into this algorithm. So, make
224. 6:31sure to go through this guide, right?
225. 6:32Again, V-shaped reversal. This is a high
226. 6:34probability setup. This is not a high
227. 6:36probability setup. You want to see that
228. 6:38V-shaped reversal within a few candles.
229. 6:40Putting them all together, we have
230. 6:41liquidity sweep, IFG or inverse for a
231. 6:43value gap, volume divergence, V-shaped
232. 6:45reversal. That is how to use
233. 6:47manipulation X. The best sweep of a key
234. 6:49pivot point, bullish divergence, inverse
235. 6:51for value gap within a few candles, A+
236. 6:53setup. Okay, another one, A+ setup.
237. 6:55Another one, A+ setup. Okay, short
238. 6:57example, A+ setup. So, again, just
239. 6:58taking a look at the ETH here on the
240. 7:0015-minute time frame. Uh just going to
241. 7:02go back. I'm not going to do a full back
242. 7:03testing session this video. Uh but I
243. 7:05just want to show you guys what a good
244. 7:06setup looks like. Okay, we just covered
245. 7:08this most recent one on the 5minute.
246. 7:10Again, 15-minute gives us a really nice
247. 7:12view here as well, right? Sweep of that
248. 7:14low. Very obvious bearish for value gap
249. 7:16in versus that within a few candles. We
250. 7:18also have this very nice equal high
251. 7:20target right here to move our stops to
252. 7:22break even. So obviously that was a good
253. 7:24trade right there. Again, taking a look
254. 7:26over here. Not a good trade right here.
255. 7:28Even though we had that sweep of an
256. 7:29internal liquidity point, we had already
257. 7:31taken out this high right here. There's
258. 7:33not really a good target. You know, this
259. 7:34is a bearish formation. So, most likely
260. 7:36we're not going to take this trade. This
261. 7:37short position was also valid. Okay,
262. 7:39because we were at a higher time frame
263. 7:41resistance level. Stop loss above that
264. 7:43inverse fair value gap. Moving to break
265. 7:45even right here. Okay, targeting some
266. 7:47lows all the way down here as your
267. 7:49takerit right here. We have a really
268. 7:50good setup sweep of liquidity. We do
269. 7:52have this target right here as our
270. 7:54take-profit. So, that is going to be a
271. 7:56good entry. Taking a look right here,
272. 7:57another really good setup with this
273. 7:58equal high as the target. If you guys
274. 8:00don't know what equal highs and equal
275. 8:02lows are, that's also inside of the PDF,
276. 8:04but this is a really good long position
277. 8:05here. Sweep of internal liquidity. Very
278. 8:07obvious V-shaped reversal to the upside
279. 8:09targeting that equal high. 1 to five
280. 8:11risk-to-reward. Another good trade right
281. 8:13here. This would have been a stopout
282. 8:15trade. Again, you see how the
283. 8:16risk-to-reward is massive, guys. You
284. 8:18know, this would have been your long
285. 8:19trigger. Unfortunately, this would have
286. 8:20been stopped out. Uh but again, we still
287. 8:22caught that one right there. So again,
288. 8:23not every single trade is going to be
289. 8:24winning, but I'm trying to show you
290. 8:26guys, you know, what a good V-shaped
291. 8:27reversal looks like. Again, A+ setup
292. 8:29right here, guys. Bullish momentum,
293. 8:31bullish divergence on our oscillator.
294. 8:33V-shaped reversal within three candles
295. 8:35sweeps this low. This is an A+ setup
296. 8:38right here. So, I'm talking about A+
297. 8:39setup. This is exactly what I am talking
298. 8:41about. We did not hit that takerit, but
299. 8:43you'd probably get stopped out at around
300. 8:45a 1.5 uh to 2 R in this case. But very
301. 8:48obvious uh clean bullish setup here into
302. 8:50that V-shaped reversal back down again
303. 8:53guys. V-shaped reversal right here. We
304. 8:54didn't really see a sweep of liquidity.
305. 8:56This would probably still be valid. Stop
306. 8:58loss to break even right here. Targeting
307. 8:59here another 1.2.5 RR. I'm just showing
308. 9:02you guys, you know, what a good setup
309. 9:04looks like, you know, using the
310. 9:05strategy, using this method. These are
311. 9:07the kinds of setups that you guys want
312. 9:08to be looking for. Very obvious sweeper
313. 9:10liquidity into that inverse for value
314. 9:12gap within a few candles with your
315. 9:14bullish div. That is a good setup, guys.
316. 9:16Again, if you guys want to get access to
317. 9:17this indicator for yourself, as well as
318. 9:19our PDF so you guys can read more into
319. 9:20the strategy and how it works, make sure
320. 9:22to click the first link in the
321. 9:23description below. I'm still going to be
322. 9:24doing analysis on this channel, but over
323. 9:26the next few days, I'll probably be
324. 9:27doing some back testing sessions using
325. 9:29this indicator just so you guys are
326. 9:30fully in the know on how to use this
327. 9:31indicator to the best of its
328. 9:33capabilities and you guys can start
329. 9:34making some profits. That's going to be
330. 9:35it for me in this video. Make sure to
331. 9:36leave a like, subscribe to the channel
332. 9:38for more trading content. Leave a
333. 9:39comment down in the comment section
334. 9:40below if this video helped you guys out
335. 9:42and how you guys are liking the new
336. 9:43indicator. I'll see you guys next video.