Market break down learn and earn — Transcript

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1. 0:00cool so i'm gonna start the recording so
2. 0:02we got a solid
3. 0:0370 people on here for 6 a.m not bad
4. 0:07oh yeah i couldn't i will wait last
5. 0:10training yeah
6. 0:11all right cool so pretty much let's
7. 0:12start off with nzd
8. 0:14cad right very simple so we've confirmed
9. 0:18that we are now completely bearish we
10. 0:20know this we were looking for shorts
11. 0:22here
12. 0:22and we're looking for shorts here so now
13. 0:25we're pretty much just waiting
14. 0:26for that next leg up so now it's looking
15. 0:29like we're potentially
16. 0:30at that area where we could have that
17. 0:32reverse to start having the
18. 0:35push up very simple we could have
19. 0:38started we could have started the
20. 0:40push-up from here why because it's
21. 0:41previous
22. 0:43support here also resistance
23. 0:46support some a little choppy through
24. 0:49here
25. 0:49and some resistance so this could be the
26. 0:51area where we could have the stop
27. 0:53so then we get that leg up and we wait
28. 0:55for our entry signal here
29. 0:56and we take our entry sure the cleaner
30. 1:00trade
31. 1:00would be nzdusd which is basically like
32. 1:03its
33. 1:05cousin or brother or whatever you want
34. 1:06to call it because they they move very
35. 1:08much the same
36. 1:10so clearly you have the low
37. 1:13high low high break through all of this
38. 1:17consolidation break through all of this
39. 1:19cluster even these structure points here
40. 1:22so now you're pretty much waiting for
41. 1:23that lower high
42. 1:25a previous structure and by the time
43. 1:27that this comes back up here
44. 1:28this ema would have caught up and it
45. 1:31would have been acting as resistance
46. 1:32because clearly when it's bullish its
47. 1:36support
48. 1:37when it's bearish it's resistance and i
49. 1:39know as i might be repeating myself for
50. 1:40those of you that hop on every single
51. 1:42morning
52. 1:43but um this is just the simplicity if
53. 1:46you look on the four hour like
54. 1:48price has literally done nothing since
55. 1:50yesterday
56. 1:51it's pretty much at the same spot you
57. 1:53know it's looking like it's having to
58. 1:55slow down
59. 1:56so it's looking like let's see if
60. 1:58structure has shifted
61. 1:59so you can see the the shift and
62. 2:01structure on the lower timeframes right
63. 2:03so you can see how it's low
64. 2:05high low high higher low
65. 2:09lower high higher low so this might be
66. 2:11like the one that's going to push it up
67. 2:14retest this ema retest structure and
68. 2:17then it's going to have
69. 2:19this bullish structure to our area of
70. 2:21interest
71. 2:22and then here's where we wait for the
72. 2:25breaker structure
73. 2:26and then we continue shorting it down
74. 2:28with the trend
75. 2:29does that make any sense we don't really
76. 2:30want to catch this little move up
77. 2:33because then we catch the bigger leg all
78. 2:35the way down for a new lower low
79. 2:37and we're going with the trend so the
80. 2:39odds are in our favor even more
81. 2:42so that's that's the power of patience
82. 2:44um
83. 2:46gu same thing we've clearly broken out
84. 2:49of
85. 2:51this cluster here and now we're having
86. 2:53that pullback to retest the ema with the
87. 2:55previous structure
88. 2:56as you can tell it looks like we're
89. 2:57already having that pullback do you
90. 3:00ever trade the counter trend never bro
91. 3:03not anymore
92. 3:04um that's like a that's like a rookie
93. 3:07thing
94. 3:07there's no need like i and like i said
95. 3:09like i only take trades that are worth
96. 3:11my money i don't want to put
97. 3:13my thousands of dollars at risk for what
98. 3:15just to take a trade
99. 3:16i'm good like i've already made money
100. 3:19for example i've already made money
101. 3:20trading this month
102. 3:22so like i don't really need to take any
103. 3:24trades like i don't
104. 3:26need to trade i only trade if it's worth
105. 3:29the risk why just take a trade like
106. 3:32would you invest your money
107. 3:33put this in per like put this into
108. 3:35perspective like would you
109. 3:36put money into a business just to just
110. 3:39to fund the business
111. 3:40no that makes no sense you would only
112. 3:42invest your money into a business if
113. 3:44it's worth the investment if you think
114. 3:45that
115. 3:46business is going to have a potential
116. 3:48return or if the business is looking
117. 3:49it's worth
118. 3:50putting your money into just not going
119. 3:51to throw it somebody presents to you a
120. 3:53business opportunity like oh bro
121. 3:55i have um i don't know
122. 3:58pens that are for that that [ __ ]
123. 4:01shoot water out
124. 4:02you know are you gonna throw them money
125. 4:03no you're only gonna throw money if it
126. 4:05makes sense
127. 4:07right now taking this counter trading
128. 4:08trend does not make sense to me
129. 4:11it makes sense to me to sell it here why
130. 4:14because of everything we always break
131. 4:16down why am i gonna wait to sell it for
132. 4:18here because everything i mean it makes
133. 4:20sense to sell it here it doesn't make
134. 4:22sense to buy here if
135. 4:23you know how how i always write down the
136. 4:25confluences like these were all the
137. 4:27confluences that i went long
138. 4:29right on your usd find me this many
139. 4:31conferences
140. 4:33here to go along there won't be any
141. 4:36there won't be any at all to go short
142. 4:38here there will be
143. 4:40the equal amount does that make sense
144. 4:42guys
145. 4:45that's as simple as it gets
146. 4:48same thing here waiting for this retest
147. 4:50i have my alarm set on all of them so
148. 4:52it's just a matter of time
149. 4:53so they get hit and it's looking like
150. 4:55today or this sometimes this week it's
151. 4:57gonna get hit
152. 4:59literally you are teaching how to be
153. 5:00patient and wait for the right area to
154. 5:02play
155. 5:03yeah bro it's very very simple
156. 5:10so pretty much um gu re-test to go short
157. 5:14and you re-test to go short this is the
158. 5:18cad you know
159. 5:21like this kjpy i was looking to go long
160. 5:25yesterday why so pretty much we're
161. 5:27clearly bullish on the weekly is
162. 5:29huge but the shop trend now we're having
163. 5:31the retest of
164. 5:33previous weekly structure also of 86
165. 5:37000 let me go down to the daily to look
166. 5:39at it so you could tell it's a round
167. 5:40psychological level of
168. 5:4186 000. but i wasn't really that
169. 5:45convinced because we were shy
170. 5:47about let's say
171. 5:51like 10 pips and i'm like [ __ ] you know
172. 5:53i don't really want to force this thing
173. 5:54because then [ __ ] around and then you
174. 5:55know it has like a little
175. 5:57wick it taps it and then it goes so i'm
176. 5:59like you know what
177. 6:01let's just wait and just wait for the
178. 6:02complete shift and structure which is
179. 6:04what i
180. 6:05say so much
181. 6:08clearly you see the low high
182. 6:12low high low higher high
183. 6:15now we wait for a higher low because now
184. 6:18we have gotten the break of structure
185. 6:21here is our higher low with our bullish
186. 6:24engulfing
187. 6:25what i repeat and repeat and repeat and
188. 6:27repeat very
189. 6:28very clean but um i forgot what i was
190. 6:31doing and i wasn't able to get this and
191. 6:32i had set my alarm to get another entry
192. 6:35at the next pullback
193. 6:36and then pretty much um get in here but
194. 6:40everything was there and i also still
195. 6:42didn't like how we were shy
196. 6:43this many from the 86 000
197. 6:47so now we have completely started
198. 6:50shifting up so i'm pretty much gonna
199. 6:51wait on the next higher low leg here
200. 6:53to go long very simple very very simple
201. 6:56can you show the confluence again and
202. 6:58leave it for a second so i can
203. 6:59screenshot it
204. 7:00this is gonna be recorded so i mean if
205. 7:02you want to look at it
206. 7:04here go ahead screenshot it this is why
207. 7:07we went long
208. 7:12cool so that is what it is this one i'm
209. 7:15potentially looking for some trades soon
210. 7:17so i'm going to be on the lookout for it
211. 7:18uh it's a nice one to four to previous
212. 7:22well actually it's a nice one two four
213. 7:24yeah
214. 7:26so shorts here shorts here and um
215. 7:30shorts here so let's see how that plays
216. 7:31out
217. 7:33uh you guys have any questions anything
218. 7:34else you guys want to talk about
219. 7:36i'm gonna stop the recording here