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My Day Trading Strategy - How I Make Money Online — Transcript

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0:00i get this question all the time now
0:02tell me if this is you hey quick
0:04question i've been using this strategy
0:06and it was successful for two weeks and
0:09now it's got four back-to-back losses
0:11then they go into asking me which
0:13strategy i use and what the percentage
0:16win and loss is on it i don't trade one
0:18specific strategy i know pretty much
0:20everything about day trading and in my
0:23experience that's the only thing that's
0:26going to get you to become a profitable
0:28professional day trader so in this video
0:31i'm gonna break down everything so make
0:34sure you got enough time because this is
0:36probably a 20 to 30 minute video
0:39[Music]
0:41welcome back to the channel everybody my
0:42name's artie and this is the moving
0:44average a show where we discuss
0:46everything day trading to keep you
0:48profitable this is the issue with people
0:50learning how to day trade through
0:51youtube videos they get one like hyped
0:54video about this strategy makes this
0:56percent all the time and it's
1:00a little bit of an exaggeration i like
1:02the fact that through my day trading
1:03journey i've lost a lot and every time i
1:07lost a trade i wrote down what happened
1:09so that i can learn why during that
1:11situation i lost that trade because of
1:13that i continue my education and
1:16constantly think about new concepts new
1:18ideas learn new price action strategies
1:21all of it and so this video is for those
1:23people asking what strategy i trade i'm
1:26going to give you a full breakdown of
1:29how i start my analysis how i can
1:32identify price action movements how i
1:34drop my support and resistance which
1:36confluences i use the whole shebang so
1:40let's get into the charts and i'm gonna
1:41show you exactly what i'm talking about
1:43okay so right here we're looking at gbp
1:46usd on a one hour time frame
1:49from here i've already drawn up the most
1:52recent support and resistance levels
1:55what you need to do is find these levels
1:58where the price rejects or bounces off
2:01of and then draw a line the horizontal
2:04line tool is right here for those of you
2:06that don't know when you drop these
2:08horizontal lines you will tend to see
2:10that these prices right here are usually
2:13even numbers if you can adjust it just a
2:15little bit to be those even numbers
2:17these are what is known as psychological
2:20price levels for some reason at this
2:22price point the price reversed or stayed
2:24in the period of consolidation but again
2:26some of them do not do that like this
2:28one right here and i will explain this
2:30one a little bit later once you've drawn
2:32up your support and resistance on the
2:33one hour because it's probably closest
2:35to the time frame that you're going to
2:37be trading whether you're on the 5
2:38minute or the 15 minute what i want you
2:40to do is jump to a higher time frame
2:43like the daily once you put it on the
2:45daily you'll be able to see
2:47that yes a lot of these support and
2:50resistance levels match up over a long
2:54period of time you're seeing a lot of
2:56rejections off of these exact same
2:58levels whereas i only did my analysis to
3:01about october 13th 2021 whereas this
3:05chart goes all the way back to may
3:082016.
3:10you can see these support and resistance
3:12levels are very static and tend to have
3:14the same occurrences over time now again
3:17guys this is before i put any indicators
3:19on here i want to get a good overview of
3:23what this exact market is doing this is
3:25why i suggest only focusing on one pair
3:29and until you've mastered that do not go
3:31on to another one the next thing that i
3:34want you to look at is the direction of
3:36the price is the price moving down or is
3:39the price moving up that is known as a
3:42trend and within that trend is what's
3:45called market structure the price will
3:47go down it will go up it will create a
3:49lower low a lower high a lower low a
3:53lower high a lower low that is the
3:55basics of market structure once market
3:59structure is broken and instead of
4:01creating a lower high it creates a
4:04higher high and then a higher low and a
4:06higher high that is previously broken
4:10market structure so you're looking for a
4:12new trend then continuing on you can see
4:15the price made a higher low but failed
4:18to make that higher high breaking that
4:20market structure showing a reversal of
4:23the price now as price goes down and
4:26starts to form this market structure
4:29this usually isn't random zigzagging
4:31staircase patterns of the price the
4:34price had a lot of momentum going down
4:37and then shot back up this movement back
4:40up against the original movement is
4:43known as a retracement a vast majority
4:46of these retracements you can use a
4:49fibonacci retracement tool to look at
4:52what percentage of that movement the
4:54price retraced so this is your fibonacci
4:58tool if you would like to know good
5:00optimal settings just take a screenshot
5:03of this and adjust yours later but
5:05essentially from top to bottom of that
5:07move
5:08you're looking for one
5:10clean long movement then when the price
5:13retraces
5:14this is the most ideal zone this is
5:17known as the gold zone between the 0.5
5:20and the 0.618 that means that of this
5:24entire movement it went backwards 50
5:28or 61.8 percent when it does that
5:31it's almost assured to go down to the
5:34same level that it was and if it
5:36continues these are your two different
5:38price targets the negative 0.382 and the
5:41negative 0.618 a 38.2
5:45forward movement from that original
5:47movement or a 61 percent forward
5:50movement from that original movement the
5:52reason why this should be your take
5:54profit one right here meaning that it
5:56may not continue after that is the
5:59possibility of a double bottom at this
6:01point so if it rejects off of that level
6:04you're looking at a double bottom if you
6:06do see one of these you should also be
6:08looking for an accompanying rsi
6:12divergence so the rsi was say massively
6:15overbought at a 20 level right here and
6:18then right here it was at 37. so even
6:20though the price was at the same level
6:22here the rsi is showing you a
6:24discrepancy there and indicating that an
6:26upwards movement from that point is
6:28possible so using that exact same
6:31concept if you take the fibonacci tool
6:33and you take it across this big fat
6:35movement that happened we're basically
6:38retracing here at the 50 level which is
6:41also a known level of support and
6:43resistance once that happens your price
6:46target 1 should be here and then you can
6:48use the other two for long term price
6:51targets or you can simply target the
6:54next support and resistance level all of
6:56these options are dependent on the
6:59strength of the trend as you can see the
7:01original movement was extremely strong
7:04and violent so the likelihood of a
7:06continuation is higher again even when
7:08the market structure was broken down
7:10here this move from this support level
7:13up to this resistance level is that one
7:15continuous movement and the price shot
7:18down in one one hour candle perfectly to
7:20the 0.5 nice fibonacci gold zone and
7:23continued up now how do you know where
7:26these pivot points are what is the
7:29indication of it and it is all candle
7:33formations groups of candles together or
7:35one specific candle that tell you a
7:38story and you need to literally study
7:40all different types of candle formations
7:42sometimes it's easiest to print it out
7:44and have it right next to your screen so
7:46you have a visual representation of all
7:48of these candle formations before you
7:50can actually memorize them so like right
7:52here you can see a perfectly rounded top
7:55ending in a big fat engulfing candle and
7:57again a very sharp movement like that is
8:00likely to retrace at a lower fibonacci
8:03level like a 382 as opposed to a 0.5 or
8:07a 0.618 like we saw in the previous
8:10example because that move was less
8:12aggressive this was just cascading down
8:15like a mother
8:16now candle formations i've covered in
8:18previous videos with price action candle
8:21formations i made the video you can see
8:23the thumbnail right here if you want to
8:25search it later or you can just google
8:27price action candle formations now
8:29because i'd be trading on a 15 minute
8:31time frame because it is becoming my
8:33most favorite time frame because the
8:35candle formations and the structure of
8:38the price and how everything goes keeps
8:40me relatively in tune with the higher
8:43time frames so for example this one the
8:46big engulfing candle started the
8:48movement down brought it down to here we
8:50had a 382 retracement and then it
8:53continued down but even if you're not
8:55using the fibonacci tool if you know
8:57price action structure you can see a
9:00wedge pattern being formed big move down
9:03wedge breakout continuation and another
9:06thing that you can tell because of long
9:09hours studying all of this
9:12is a tweezer top so you get this
9:14rounding top starting to form and then
9:17you get this perfect tweezer top zooming
9:20in right there you can see the closing
9:22of one candle was the exact opening of
9:25the next candle and they have the exact
9:27same candle wick length this is a
9:30tweezer top so that tweezer top right
9:33there was a signifier that that movement
9:35is just going to drop down right there
9:37then when you're looking at your price
9:39targets you want to always keep in mind
9:41these support and resistance levels they
9:43are the easiest price targets to hit
9:45this 382 retracement was closest to this
9:48support and resistance level so i would
9:50have gone with that support and
9:51resistance level instead of a little bit
9:53further to that and if you're one of
9:54those people that wants to swing trade
9:56swing traders do one thing very very
10:00well and that is a trailing stop loss
10:03they are able to hold trades longer
10:05because they keep moving their stop loss
10:08up
10:09to the retracement level so for example
10:12with this movement they entered in here
10:14price came up and retraced they moved
10:17their stop loss from here
10:19to here as the price continued and made
10:22a new lower high they moved their stop
10:25loss to there
10:26kept going down retraced they moved
10:29their stop loss to here kept going down
10:32and broke market structure right here so
10:34this stop loss was their take profit
10:37they did not get the entire move
10:40their stop loss was hit because they
10:42trailed it the entire time so unlike a
10:44normal person scalping for 20 or 30 pips
10:47a swing trader adjusting and trailing
10:50their stop loss got a 419 pip movement
10:54on this the issue is it took 15 days i
10:57can't do that i'm not capable of it it's
10:59just not my style of trading but
11:01everybody has their own style of trading
11:03now once you've done all of this and
11:06you've decided that this is your entry
11:09but you want a little bit more
11:11confidence in your trade you want some
11:12more confluences at this point and only
11:15at this point should you start using
11:18indicators to give you that confluence
11:20so what i'm looking for here is either
11:23an engulfing candle or it rejecting off
11:26of a moving average seeing an overbought
11:29territory in a stochastic rsi or a
11:32divergence on a traditional rsi so now
11:34we can start using those things so this
11:36is my indicator the tma overlay and you
11:39can see we have the 200 moving average
11:41the 50 moving average and the 21 moving
11:44average these are all smoothed moving
11:46averages they're the ones that i prefer
11:48i've changed the settings a bit just to
11:50do this just to show me three line
11:51strikes
11:52and the 21 the 50 and the 200 everything
11:55else is unticked so as you can see the
11:57price is retracing up to that 382 level
12:00and then we get a three line strike
12:02three consecutive candles in one
12:04direction and then one engulfing candle
12:06in the opposite direction and that
12:07happens exactly at a 21 period moving
12:10average so how many confluences is that
12:13trade right there you've already got a
12:15fibonacci retracement that's one you
12:18have a three line strike engulfing
12:19candle formation exactly at that level
12:22that's two at that level is also the 21
12:26period moving average that's three now
12:28if we draw a vertical line on that
12:30candle right there and pull up a
12:32stochastic rsi you can see that the
12:35stochastic rsi is crossing over and
12:38going in the downwards direction we are
12:40in an overbought territory and
12:42stochastic is crossing over that is
12:44confluence number four this is what that
12:47trade looks like in a live scenario so
12:50say you're live trading the markets
12:52right here you see this big movement
12:54down a move up to the 382 and then boom
12:57you get a three line strike it's
12:59rejecting off of the 21. it's a 382
13:02retracement you're getting a stochastic
13:05crossover right here that is your entry
13:08you're taking your short position and
13:09you're laying it right there your stop
13:12loss is going to be the next moving
13:14average up maximum if this were a less
13:17violent move down i would move my stop
13:20loss up here because i would be
13:23expecting a gold zone retracement but
13:26because it's retracing at the 382 the
13:28next moving average up is completely
13:30fine you can even do the 50 level on the
13:33fibonacci tool on a 15 minute time frame
13:35that's a 17 pip stop loss and that is
13:38perfectly acceptable now before you
13:41actually enter your trade you need to
13:44see if your take profit area is going to
13:46be good enough to actually take the
13:48trade if you're only looking to get 11
13:50pips out of it you're not getting a good
13:52risk to reward ratio so if you're
13:54targeting the previous low right here
13:57you're looking at a 1 to 2.19
14:00trade right here this is plenty
14:03especially if that's being your take
14:05profit one area but because this move
14:08was so violent you have a lot of
14:10momentum in that direction so you can
14:12actually look to ideally take it to that
14:15382
14:16forward fibonacci level which is also a
14:19known level of support and resistance so
14:21out of this trade you're getting a 1 to
14:234.3 risk to reward ratio which is
14:26amazing and if you use those trailing
14:28stop loss techniques that i showed you
14:30earlier you can actually close 90 of
14:33your trade here if that's your main
14:35income and that's the way you normally
14:37trade and you can train yourself to take
14:39the other 10
14:40of that remaining trade that's still
14:42active and trailing stop loss it to get
14:46more accustomed with swing trading and
14:48just as a reminder for most of you guys
14:50that already know how i like to trade i
14:52like to primarily go off of the 200
14:54period moving average i like to get that
14:57first move
14:58off of it in one direction whether i'm
15:00getting in early or a little bit after
15:02it crosses over once i see a nice
15:05movement past the 200 i'm out i'm done
15:08with the trade because i'm assuming the
15:10price is too far away from the 200 and
15:13is going to go back to it and as you can
15:15see there it went back up to test the
15:17200 trying to fight this level of
15:19support right here and continued up
15:22breaking the previous market structure
15:25boom right there previous market
15:26structure was completely broken all
15:29downtrend is null and void until this
15:31new
15:32up market structure is broken and again
15:34touching on divergences you would have
15:36seen that you hit this level and this
15:39level right on the rsi you can see it
15:41created a low here at 29 and then
15:44created a higher low at 33 that's your
15:47divergence to give you an indication
15:49that the price might break its previous
15:51market structure and reverse now there's
15:53regular divergences and there's hidden
15:55divergences hidden divergences are trend
15:58continuation divergences and you can see
16:00that the market structure right here we
16:02created a lower low a higher low and
16:05then went down right here at this point
16:08this point is still lower than this
16:11point so this is a lower high but you
16:14can see on the rsi it was here and then
16:17here it's the opposite
16:20this one's going down this one's going
16:22up this is a hidden bearish divergence
16:26rejecting off of the 200. all of these
16:28things that i'm showing you guys are
16:30ways that i trade i see all of this all
16:33of the time every time i look at the
16:35charts i see a hundred different
16:37scenarios i see a hundred different
16:40price action things because of the
16:42amount of time i've spent staring at the
16:44charts now if somebody leaned over my
16:46shoulder and saw this he'd be like dude
16:48what the are you doing but in my
16:50brain all of this makes sense i'm gonna
16:52clear it up because you can't have this
16:54on your charts all the time you will get
16:56confused that's why it's good to do
16:58analysis on naked charts just use your
17:01fundamentals and your price action day
17:03trading is not for the faint of heart
17:06and if you're one of those people that
17:07can't commit
17:09you know eight six five hours a day for
17:12the next six months a year or two years
17:15to learning every single aspect of this
17:18then don't expect to get high win rates
17:21and high profits you're not going to
17:23replace your income unless you know this
17:25type of information or if you're
17:28freakishly lucky luck and day trading
17:30happen just like in gambling and day
17:32trading some people are just luckier
17:34than other people but i would not bank
17:37on that now just to show you guys this
17:39because i know that a lot of you guys
17:41have full-time jobs you can't be day
17:43trading all day you don't have the time
17:45to commit to learning all of this this
17:47is where those indicator strategies come
17:50in really really handy but you have to
17:52expect a lower percentage gain a lower
17:56win rate because algorithmic trading
17:59models do not take into account the fomo
18:03mentality or fear of missing out or the
18:06fud mentality fear uncertainty and doubt
18:09for example the last week or two has
18:12been absolutely catastrophic for
18:15algorithmic trading styles because it
18:17doesn't take into account you know
18:19massive inflation people panic selling
18:22the crypto markets being crazy mass
18:25shootings in a certain area the war
18:27going on those things influence the
18:30price more than you know and the way
18:32that you can be a successful day trader
18:34during those periods is knowing the
18:36price action stuff that i was just
18:37talking about for the last 45 minutes
18:40but again if you don't have time and you
18:42just want to have a notification from
18:45trading view come into your phone or on
18:48your email or whatever or on your laptop
18:50while you're actually doing work you can
18:52set up these trading styles using three
18:54indicators and get a little beep look at
18:57it enter a trade accordance to the rules
19:01set your take profit set your stop loss
19:03and then close it so just as an example
19:05i'm going to show you quickly this is
19:07one of the strategies that we have on
19:08the new project that i built the trading
19:10floor this strategy is called the
19:11outback it's a one minute strategy and
19:14statistically with back testing between
19:1640 and 55 maybe 60 win rate but it's
19:21mindlessly easy you have your chart set
19:23up the way that we have it set up you're
19:24in the office doing work you set up your
19:26time frame for london session only and
19:29then you get a beep you look at the
19:31charts you got a kangaroo on top of the
19:33candle so that means you're going short
19:35you enter your trade right here your
19:36stop loss is above the atr bands and
19:38you're targeting a one to five risk to
19:40reward ratio you get that signal four
19:42times in a row right here so that's four
19:44trades each one of them played out this
19:46whole process of these four trades would
19:48have taken you a total of 15 minutes
19:50this was may second you had four
19:52back-back wins with a six percent profit
19:54in your account next day you had two
19:56wins three percent next day you had one
19:58win 1.5 percent next day no trades no
20:01signals next day again no trades and no
20:03signals next day you had three
20:05back-to-back losses minus three percent
20:07because your risk is only one percent
20:09per trade next day 1.5 percent and this
20:12is from may 2nd to may 10th so between
20:14may 2nd and may 10th you did amazing you
20:17got a 9 profit with literally probably
20:2137 minutes worth of actually opening up
20:24your charts entering your trade take
20:26profit stop loss closing it and getting
20:28back to work but i'm not gonna lie to
20:29you guys sometimes this thing sucks for
20:32example on may 17th you had
20:34a signal a signal and another signal
20:36right here all three of these were
20:38losers you're losing another three
20:40percent right here that takes your nine
20:41percent down to six percent right here
20:43you had four back-to-back signals
20:45telling you to go long that's an
20:47additional 4 down and then more no
20:49trading days so you can see it's
20:51extremely slow going but you're still in
20:54profit because of the risk to reward
20:56ratio the 1 to 1.5 and it's mindlessly
21:00easy and you can do it with a full-time
21:02job and five kids only being able to
21:04trade tokyo session or new york or
21:06london session like this makes it
21:08mindlessly easy for those that do not
21:10have time the only trade-off is you're
21:13going to make less money and have a
21:16lower win rate this is like buying bread
21:19at 7-eleven versus walmart
21:21same exact bread except 7-eleven has a
21:24convenience tax and the price is tripled
21:26so what are the things that you should
21:27have to be a good trader to have all of
21:30the tools in your tool belt to have all
21:32the education that you need the first
21:34thing that i suggest that helped me out
21:35a lot when i was first starting because
21:37i thought i knew everything but i ended
21:38up not knowing you gotta find a
21:40good community i don't care if you use
21:42ours or somebody else's you need other
21:44human beings to talk to social
21:46interaction is good as well as people
21:48that have the same mindset as you that
21:50want that financial freedom that no day
21:53trading and that's why we started the
21:55trading floor it is literally the
21:57primary aspect of this entire project
22:00that we built out is the discord
22:02community free of scammers because it is
22:04a paid service on our team it's me
22:07christy and brutus all professional
22:09traders we also hired a staff of about
22:11six people all professional traders
22:14every single one of them is in one way
22:16shape or form on here 24 hours a day to
22:19answer every single one of your
22:20questions the general chat is like meme
22:23city but then you can see here on the
22:25left we have london chat so only trading
22:28chats during the london session the new
22:29york session and the tokyo session and
22:31if you specialize in one specific
22:33category like forex indices or crypto or
22:35commodities you can do that here this is
22:37gonna be the thing that helps you the
22:38most when you're lost and you're unsure
22:40about your trade ask the community have
22:43somebody that's a professional trader
22:44answer you period end of story you'll
22:47get more confidence and more confluence
22:49from that one trade that you've already
22:50analyzed now with this project that we
22:52built the trading floor i'm i'm not
22:55selling you on it like that's the last
22:56thing i want you to do is feel pressured
22:58into doing this i'm just telling you
23:01we've consolidated all of the
23:02information on the internet which you
23:03can find for free on investopedia on
23:07baby pips on all different resources on
23:09the internet it's just spending hundreds
23:11of hours looking through the scattered
23:13information which we've already
23:15consolidated for you and that's the
23:16whole concept we have everything in one
23:18place for you so all of the price action
23:21strategies everything that i talked
23:22about price action wise within this
23:24video is all explained here in depth
23:28fibonacci levels trend lines
23:30psychological price levels confluences
23:32and one of the most important things is
23:34traitor psychology being able to learn
23:36traitor psychology from christy i mean i
23:39respect her a lot as a day trader the
23:41things that she discusses in this video
23:43will help you stop emotionally trading
23:45and trade more like a machine looking at
23:48numbers and statistics only even in the
23:50discord group we have a mindset chat for
23:52people really struggling with the
23:53trading mindset overcoming specific
23:56obstacles that they're having we have a
23:58bunch of coaches in here helping you get
24:00through that process the secret
24:02ingredient of day trading the secret
24:05ingredient is
24:08nothing
24:09it is practice it is experience it's
24:13time spent on the charts it's watching
24:16these things happen in replay mode
24:18and it's watching these things happen
24:20live it's being able to react and commit
24:23to a trade it's it's being able to do
24:26all of that analysis and then hop on to
24:29mt4 and enter a trade knowing that you
24:32just had a fib retracement right here
24:35put in a sell position adjust your stop
24:37loss to right above that level and enter
24:39your trade the quicker you can do that
24:42and the quicker you can do your analysis
24:44and be confident in it the better
24:46entries you're going to get in on your
24:47trades and i forgot to mention this risk
24:50calculator is awesome you can automatic
24:52it automagically does everything for you
24:54and it's a part of the group package
24:56like you get the community you get the
24:58chats you get all the lessons you get
25:00all the psychology you get the risk
25:02calculator you get the indicators and
25:04the strategies and we just wanted to
25:05build a place that has everything and
25:07it's there i really tried to cover
25:09everything that i could off the top of
25:11my head but there's probably seven or
25:12eight things that i left out if you feel
25:15like i missed something and you want
25:16more clarification on something please
25:18leave a comment down below and i will
25:20make a follow-up video on that i really
25:23hope that you guys enjoyed this video
25:25and got some value out of it if you want
25:28to get in on this the link is down below
25:30it's thetradefloor.comtrdfloor.com
25:33we would absolutely love to have you and
25:35get you from where you are now to where
25:37you want to be i'm done talking thank
25:39you so much and we will see you in the
25:41next video

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