OTE BOOTCAMP LESSON 4: What session to trade? — Transcript

Full transcript

1. 0:01Yo yo yo yo.
2. 0:07What's good my OT bazanga?
3. 0:10What's good my bofa moopers? We're
4. 0:13looking a little bit chubby today. I
5. 0:15mean bro, I've been training properly.
6. 0:17But you know the test lets you keep a
7. 0:20little bit of muscle if you don't train
8. 0:21right. Anyways, so
9. 0:24the idea for today is a really clean
10. 0:26video. It's OT boot camp video five, I
11. 0:29think. Maybe we're going to be going
12. 0:31over something really important when it
13. 0:33comes to trading, right? Uh, we got the
14. 0:34chrome hat on. That's how you know P is
15. 0:36into business. We got the chrome on the
16. 0:37wrist, too. So, it's going to be going
17. 0:40over. We're going to go over
18. 0:43Bro, there's something wrong with my
19. 0:44voice, bro. We're going over sessions
20. 0:46for trading OT. Okay. I'm going to be
21. 0:49splitting the dynamic up for the times
22. 0:51you should trade OT depending on your,
23. 0:53you know, your like trading style. And
24. 0:55obviously our whole platform and OTE
25. 0:58boot camp is based for defeating prop
26. 1:00firms, right? We're not really talking
27. 1:01about live trading. It's a little bit
28. 1:03different. Uh I'm kind of teaching
29. 1:05everyone how to defeat prop firms.
30. 1:06That's how I did my money thing. That's
31. 1:08how I make my own money, etc. I do not
32. 1:09trade live accounts. So yeah, the video
33. 1:11is pretty simple. Uh welcome back guys.
34. 1:13I hope you had a little good break over
35. 1:15the weekend. I hope you were grinding
36. 1:17OT. I've seen a huge rise in the people
37. 1:19in the Discord. Uh I'm happy that
38. 1:21everybody is having a good time and Oh
39. 1:23yes. Yes. Okay. Hey, I'm here to
40. 1:24announce something else as well. So
41. 1:27guys, let me pop on the screen real
42. 1:28quick um some of my payouts from March.
43. 1:31It was 60K in March um from just one
44. 1:35firm. I made 100K in March. But we'll
45. 1:37put on the prop firm payouts from Apex,
46. 1:39right? Apex right now. Three, two, one.
47. 1:42Boom.
48. 1:44You saw that. I'm going to place all
49. 1:46four all over. Boom. Boom. Boom. Nice.
50. 1:48Right. Those are my payouts from Apex.
51. 1:50Uh, and I'm happy to announce that Pew
52. 1:53has got an affiliation of Apex. They
53. 1:54reached out to me and they was like,
54. 1:55"Yo, Pew, so I know you're like the best
55. 1:58trader in the world and like how you
56. 2:00didn't even have a losing day and you
57. 2:02know, we feel kind of bad that you know,
58. 2:04you got moved to live with us and stuff,
59. 2:06so we're going to give you an affiliate,
60. 2:07right?" And right now, Apex is
61. 2:09obviously, surprise surprise, running a
62. 2:1190% off, but but they're doing $60
63. 2:15activation fees. So, I have to say this,
64. 2:17guys. Boom. Look at it. Use code pew for
65. 2:22infinite look and glory on your accounts
66. 2:24if you're trading OT and obviously then
67. 2:25you can get a chrome hat like this or
68. 2:28you can actually make smart investments
69. 2:30like a bank or something. Anyways, let's
70. 2:32get on with the video. I'll probably go
71. 2:34do a little bit of like shave my shave
72. 2:36my cheeks and stuff. Uh and then we'll
73. 2:38get into the video and talk about OT and
74. 2:41using sessions to trade with. Okay.
75. 2:43Okay. Hey sisters, we're back. And I
76. 2:47just thought to match the occasion,
77. 2:49we're matching with the chrome and the
78. 2:52hat. Okay. Yeah, we're back. Yeah. Okay.
79. 2:55I don't know who that was, but we're
80. 2:57back, right? We're back to film this
81. 2:58video sessions. And obviously, I'm
82. 3:00wearing full chrome now because I
83. 3:01thought low key, it's matching the vibe
84. 3:03of the video. So, let's do this. Let's
85. 3:05get through the video. And obviously,
86. 3:06first, if you guys like my YouTube
87. 3:08videos, we're lowkey just talking the
88. 3:10whole time and having a good time. So,
89. 3:12it's time to pop the annual snooze so we
90. 3:15can do this video full potential.
91. 3:18>> Okay. Okay.
92. 3:24Bro,
93. 3:26do you see what's happening to me right
94. 3:28now?
95. 3:30Bro, when you're logged in with SN, you
96. 3:32can't lose a trade. You can't lose a
97. 3:33trade. Okay. Whoa, bro. I don't even
98. 3:36know who that was. That was another guy
99. 3:37that took over. All right. Fuse back.
100. 3:39All right. Let's do this video. Roll up
101. 3:41the sleeves a little bit. Roll up the
102. 3:43sleeves a little bit.
103. 3:47Let's do this. Right. Okay. So, we're
104. 3:48talking about sessions. I'm going to
105. 3:49talk about my favorite session for OD to
106. 3:51trade and how we can use this to then
107. 3:53make money psychologically and use it on
108. 3:55profit accounts. So, we want to be
109. 3:57thinking when we're trading OT. What are
110. 3:59we looking for? We have multiple types
111. 4:01of accounts. Okay. We have those high
112. 4:08leverage
113. 4:10accounts
114. 4:13which is going to be top step
115. 4:18DPT.
116. 4:20What else? My phone future pro. That's
117. 4:23it. Right now these accounts are
118. 4:25accounts where we need large point
119. 4:30moves.
120. 4:32risking
121. 4:35a lot more
122. 4:37less copy trading. Now, these are the
123. 4:41type of trades where we're looking for
124. 4:44those really big moves. All right, guys.
125. 4:46So, on these accounts, like I said,
126. 4:49session trading is based for prop firms.
127. 4:50I'm explaining the sessions you should
128. 4:53trade for OT depending on how you're
129. 4:55trading those prop firms. And we're
130. 4:56looking at high leverage accounts,
131. 4:58right? So, when I'm on uh when I'm on
132. 5:00like Topstep, the propform top, when I'm
133. 5:02on TPT or when I'm on Mindful of Future
134. 5:04Pros, I blow accounts a lot more. Yes,
135. 5:07I'm more profitable, but why do I blow
136. 5:09accounts more there rather than when I'm
137. 5:11trading the other lowle leverage
138. 5:13accounts, which I go over later? And
139. 5:14it's because you're risking a big amount
140. 5:17on on each trade, okay? And you guys see
141. 5:19me with my trades where I'm up like 30k
142. 5:21and it's on these prop firm accounts
143. 5:23because I'm risking more. Now I'm I'm
144. 5:25making 30K per trade because we're
145. 5:27looking for those large point moves. So
146. 5:29each day when I'm trading the high
147. 5:31leverage accounts, I'm not going to be
148. 5:32trading during Asia or London because we
149. 5:34want the most volatility moves which is
150. 5:36going to be induced during New York. Now
151. 5:38New York is when banks actually trade
152. 5:40and it's the main central moving session
153. 5:43for NASDAQ. Obviously it's made of 100
154. 5:45US companies. So yes, NASDAQ and New
155. 5:47York is going to move. Okay. Now let's
156. 5:51look over New York and how it usually
157. 5:52plays out, right? So the idea for this
158. 5:55uh type of example is when you're
159. 5:57looking at uh looking for large point
160. 6:00moves, they're going to be induced
161. 6:02through New York. You can also trade
162. 6:03these on low leverage accounts, but
163. 6:05these are the way I like to trade my
164. 6:06high leverage accounts. Okay, so let's
165. 6:08say I have two top step 150ks. Each one
166. 6:10has 3k uh daily loss limit. The way that
167. 6:13I would take this trade is I see this.
168. 6:15This is what I see when I jump to New
169. 6:16York. This gray line is representing
170. 6:199:30. This is the official open for New
171. 6:22York. when we actually get that induced
172. 6:24volatility. We're extremely bullish. I
173. 6:27talked about this trade recap on Tik
174. 6:28Tok. We swept everything out. I'm
175. 6:30already looking at bullish ideas, right?
176. 6:32And I have extremely bullish draw at
177. 6:33these Asia highs that haven't been swept
178. 6:35yet. Okay, so we can label these Asia
179. 6:37highs for starters. And this is going to
180. 6:39be our, if you've watched my bias video,
181. 6:41our full draw. Understand guys? Super
182. 6:44super simple. So we've identified the
183. 6:45full draw. What was the temporary draw?
184. 6:48The temporary draw wasn't just these
185. 6:50lows. It was all of the lows that we've
186. 6:52swept out. So, if we, like I said in the
187. 6:55bias and draw video, if the temporary
188. 6:57draw has been taken, we expect the low
189. 6:59that made that to be a protected low.
190. 7:04So, you now have two accounts, right?
191. 7:05These accounts are high leveraged.
192. 7:07You're going to be risking pretty much
193. 7:08the whole account on these trade for a
194. 7:10return of upwards to 20K per day, right?
195. 7:13And now, this is why it's not going to
196. 7:14be an everyday thing. Once you have that
197. 7:16money from trading low leverage
198. 7:17accounts, you can make a lot more and
199. 7:19higher ROI from using higher leverage
200. 7:21and risking more. So, we wait for that
201. 7:23range to get created after sweeping all
202. 7:25those lows. So, 930 happens and we get a
203. 7:27little bit of manipulation downwards.
204. 7:29Now, we know this isn't going to take
205. 7:31these lows because as you can see, we
206. 7:33leave all of these low, all of these
207. 7:35highs. So, we haven't taken any
208. 7:36inducement. The inducement was taken
209. 7:39before. If higher time frame from
210. 7:41inducement has been taken, we're
211. 7:43obviously going to be going the opposite
212. 7:44way after that. So higher time from
213. 7:47inducement has been taken out. Now we're
214. 7:49looking for that full draw. Now this is
215. 7:51the session we're trading New York. New
216. 7:52York is going to induce that move to
217. 7:54take us to the full draw. Don't expect
218. 7:57the full draw to get taken during Asia
219. 7:59and London. Often times the full draw
220. 8:01will be made in Asia and London. So
221. 8:03don't expect it to be taken then. Okay.
222. 8:06We end up leaving the London highs and
223. 8:08we get a beautiful range to trade off.
224. 8:10How do you calculate this range? Really,
225. 8:12really simple. Obviously, I've talked
226. 8:13about my model low to high and we
227. 8:16identify the most valid entry point
228. 8:17inside of here. What do we have starting
229. 8:19at the 62? We have nothing, right? On
230. 8:22the 15 minute, which is the most
231. 8:23comfortable range because this is the
232. 8:25range that we've marked out. What do we
233. 8:27have? We have absolutely nothing on the
234. 8:28hourly.
235. 8:31on the hourly on the on on every single
236. 8:33level. In fact, we don't really have
237. 8:35anything aligned. Does that make the
238. 8:36range bad? No, cuz we're using on the
239. 8:3815-minute. Okay, 15 minute goes through.
240. 8:41What do we have? Nothing on the 62. The
241. 8:43705, what do we have? The opening of a
242. 8:46fair value gap. So, thus taking this
243. 8:49trade, okay, if you were to take the
244. 8:51705, you're already covered by an
245. 8:53untouched fair value gap. Then you look
246. 8:55at the 79 and you think, all right,
247. 8:57there's not really anything at the 79.
248. 8:59We can also assume this is CISD right
249. 9:01here. This is a change in state
250. 9:02delivery. This can also protect us if
251. 9:04we're trading at the 705. So the 705 in
252. 9:07this scenario is the best level. Right
253. 9:09now you're taking this trade here. This
254. 9:11is the trade that we calculated for New
255. 9:12York. The first trade was taken for the
256. 9:14day. Now if you're trading high
257. 9:15leverage, New York's happened. Now we're
258. 9:17trading onwards from 9:30. This is how I
259. 9:19trade high leverage accounts onwards
260. 9:20from 9:30. Okay. On this day I can also
261. 9:23go over low low leverage setups and
262. 9:25setups that can be also used that. So
263. 9:27look at this.
264. 9:30As you can see, 705 perfectly aligned,
265. 9:32beautiful range. Take that trade there.
266. 9:35Huge top. Now, why is this a huge stop?
267. 9:37Because the volatility, I've talked
268. 9:38about this in the past. We're basically
269. 9:40going down on the mini size and the
270. 9:42contract size in times of huge
271. 9:43volatility. Because in a scenario like
272. 9:45this, you would not be using a stop like
273. 9:47this. You would not be using a 10-point
274. 9:48stop in a scenario where we're using 100
275. 9:51points in single 50-minute candles,
276. 9:52would we? No. So, you'd like to use that
277. 9:55stop and cover it to your to your
278. 9:57advantage. So, let's say this is the 10
279. 9:58point stop you're using. Uh, and we're
280. 10:00using 40, right? With one mini, this is
281. 10:0240 points, meaning you're going to be
282. 10:04risking around $800, right? You have
283. 10:074.5k draw down. You're willing to risk
284. 10:09half of that account per trade. So,
285. 10:11you'll be risking two minis with 40
286. 10:12point stop.
287. 10:18As you can see, that's $1,500. That
288. 10:20means you have three trades on this
289. 10:21account. Okay? You're using extremely
290. 10:23high leverage and you're taking that
291. 10:25trade. You can either TP at this high,
292. 10:28which would be 14,000 USD, meaning
293. 10:30you'll be taking the 7K payout, or you
294. 10:32can TP at the full draw, which is 20K.
295. 10:34As you can see, the trade then plays
296. 10:37from the 705. A beautiful reaction. Now,
297. 10:40you'll be going break even at this low
298. 10:41as it's protected, as it's been uh
299. 10:43reacting from the the 705. We then
300. 10:47decide to pump from there. And it's a
301. 10:48very, very clean distribution from New
302. 10:50York.
303. 10:53Boom, boom, boom, boom. full TP gets
304. 10:55hit. The TP does get hit in next day
305. 10:57Asia. So, you would have been taken out
306. 10:58before then. I didn't even realize that.
307. 10:59However, the main TP was Asia and London
308. 11:02highs. Really, really simple. Okay, now
309. 11:05we've gone over highly reached setups.
310. 11:07This happens again most days. I think
311. 11:09I've had a perfect example of this
312. 11:10again. Let me go over replay now. Look
313. 11:13at this example once again. Oops. You're
314. 11:16looking for 9:30 to happen, which
315. 11:19happens right here. Really, really quick
316. 11:20example. I'm not going to go back in
317. 11:21time for this one. 9:30 happens at this
318. 11:25gray line. Price induces higher and then
319. 11:27we leave this inducement. Get a whole
320. 11:29new range to take us up to those highs.
321. 11:31Price comes down, sweeps all that
322. 11:33inducement out. Taps us into the 79.
323. 11:35Obviously, the 79 is the greatest level
324. 11:36because the 705 is aligned with the
325. 11:38inducement, meaning it's obviously going
326. 11:39to go below there. The 79, you take that
327. 11:41trade up with a stop covering the
328. 11:43imbalances and you take that trade all
329. 11:45the way up to these highs. Once again,
330. 11:46that was an 8R. This one was more like a
331. 11:4811R. really big trades, really clean.
332. 11:52And obviously, if you wanted to enter
333. 11:53trigger that trade, you could have also
334. 11:54waited for the range on the five minutes
335. 11:56to happen and you could have taken that
336. 11:57trade from there. Easy peasy lemon
337. 11:59squeezy. Sorry guys if I'm talking a
338. 12:01little fast. Let me go back here so I
339. 12:03can make myself big and talk about this
340. 12:05in an easier way because I'm kind of
341. 12:07going quite fast right now. Okay.
342. 12:11Okay. So, like I'm saying is if you're
343. 12:13trading high leverage accounts, I prefer
344. 12:14New York. New York is going to induce
345. 12:16the biggest moves. Okay. sessions with
346. 12:18OT, it doesn't really matter. We're
347. 12:20going to be ranging the whole day.
348. 12:21However, to have a psychological
349. 12:23imbalance isn't good. So, make sure that
350. 12:25when you're trading high leverage
351. 12:26accounts, you dissect days and timing is
352. 12:29to trade those days with those accounts.
353. 12:31So, like I said, high leverage accounts,
354. 12:33you're going to risk more bigger moves.
355. 12:36Trade after 9:30. Now, we're looking at
356. 12:38low leverage. You can trade pretty much
357. 12:39anytime. Specifically, Asia and London
358. 12:42is going to move nice and slow, but it's
359. 12:43going to give you those more controlled
360. 12:44setups. Okay, let's get on to Asia.
361. 12:47Boom. Boom, boom, boom. Shalom, dude. I
362. 12:49just filmed the last bit of the video
363. 12:51and my face was too big, so I got to
364. 12:53redo this. Bloody hell. All right. Well,
365. 12:55we're talking about low leverage. Okay.
366. 12:57Oh my gosh. I like 20 minutes. I'm
367. 12:59joking. Low leverage. Uh, okay. Now,
368. 13:02this scenario was really, really clean.
369. 13:03I literally did this back testing, but
370. 13:05whatever. So, we're unto a 4hour order
371. 13:07block. Low leverage trades. Asia is
372. 13:09taking these trades with lower leverage
373. 13:11and lower RR. Okay. Now, we're waiting
374. 13:13for those lower time frame setups during
375. 13:15low leverage times. So waiting for what
376. 13:17we're going to look for and what we can
377. 13:18call a low leverage setup. Okay, five
378. 13:22minute rejection from the 4 hour taking
379. 13:24that trade during Asia to determine and
380. 13:27take out obviously at that low or
381. 13:28determine the low of Asia with that
382. 13:30trade. Okay, another scenario right here
383. 13:32was just continuations Asia opens
384. 13:35continuing down waiting for a valid
385. 13:37setup to appear. Obviously we get
386. 13:39another continuation range taking the
387. 13:40705. Uh I'm really sorry this is going
388. 13:43to be really brief because I have quite
389. 13:45quite a short time loop but we're going
390. 13:46to go through again. As you can see Asia
391. 13:48is always putting in quite a big move.
392. 13:50Look, let's go through every single
393. 13:51Asia. It's always going in quite a big
394. 13:53direction. Okay, obviously you get
395. 13:54Asia's accumulation like this, but
396. 13:56you're mainly getting Asia like this,
397. 13:58right? So we can determine that Asia
398. 14:00aren't going to really permit reversals
399. 14:01until the end of it. What does that
400. 14:03mean? During Asia, we're going to be
401. 14:05looking for those smaller continuation
402. 14:07ranges. Even if it's like this five
403. 14:09minutes, we're getting those reversals
404. 14:10and we're getting those continuation
405. 14:12ranges just not all the time or they
406. 14:13being presented in a really nice way.
407. 14:15Okay, so let's look at a really really
408. 14:17easy example like this, right? So price
409. 14:20is pretty much dumping from an area uh
410. 14:23and then we're looking for the
411. 14:24continuation and I just literally
412. 14:26clicked on another continuation range
413. 14:27where there's no valid ranges aside from
414. 14:29the one minute. I'm not going to be
415. 14:30going over one minute setups because if
416. 14:31we're [ __ ] talking about ranges like
417. 14:33this, [ __ ] is just not valid at all.
418. 14:35This is just not valid. Everything's
419. 14:36mediated, right? Uh either way,
420. 14:38obviously we're not going to go through
421. 14:39London today. London session is another
422. 14:40way of trading, but okay, here right
423. 14:42once again, Asia opens and you're
424. 14:44immediately granted two OT setups, which
425. 14:46is going to permit the movement or
426. 14:47distribution for Asia. These times like
427. 14:50this, we ain't catching no trade, bro.
428. 14:52Asia is going to be one of those
429. 14:53sessions where we're either looking
430. 14:54towards the end of Asia to look for that
431. 14:56trade a couple hours in or we're pretty
432. 14:58much going to be opening Asia and
433. 15:00looking for those entries there. So, as
434. 15:01you can see, really clean two setups
435. 15:04come from Asia. Asia sometimes opens and
436. 15:06immediately permits a reversal, but
437. 15:08after Asia, we're not really going to
438. 15:09see many reversals in there. Asia's
439. 15:11usually going to once we open just
440. 15:12distribute or just go in a certain way
441. 15:14and sweep that inducement for London and
442. 15:16New York. As you can see, this is what I
443. 15:18mean by super inducement for London and
444. 15:20New York. We're sweeping that inducement
445. 15:21in Asia and then we permit all the way
446. 15:23down the inducement in London and then
447. 15:24we go and repeat those highs in New York
448. 15:26and then s the inducement again and dumb
449. 15:27back down. This is an example of the
450. 15:29London setups obviously into here. the
451. 15:3279 plays with quite a big stop. But once
452. 15:34again, really, really clean. Uh really
453. 15:36sorry for making this really fast. Um I
454. 15:39did not want to. I had a really really
455. 15:40structured video for Asia, but it's kind
456. 15:42of just going to be really clear on
457. 15:44lowle leverage accounts like Apex 20
458. 15:45Apex accounts is going to be the best to
459. 15:47trade these low leverage setups. Sorry
460. 15:48guys, I know Asia was not good. This has
461. 15:50only been a short video, but
462. 15:52specifically, I want you guys to be
463. 15:54looking at high leverage setups like New
464. 15:55York, and that's going to be the best
465. 15:56for you. Peace out, everyone. I love you
466. 15:58all. Shalom. Shalom. Shalom.