The Easiest Day Trading Strategy Part 2 — Transcript

Full transcript

1. 0:0010 days ago, I posted a video about the
2. 0:02easiest day trading strategy that I've
3. 0:04ever thought of. This video is going to
4. 0:06be a follow-up of how that strategy has
5. 0:09performed over the last 10 days. Since
6. 0:11then, every day, Monday through Friday,
7. 0:13I've been posting screenshots of the
8. 0:16trade entry and trade exit on my
9. 0:18Telegram group. If you guys aren't
10. 0:19familiar with the rules, let me do a
11. 0:21quick recap for you. It'll just take me
12. 0:222 seconds. Essentially, we draw a single
13. 0:25box around the Tokyo session and if
14. 0:28price breaks below it with a fivem
15. 0:30minute candle close, we enter short. Or
16. 0:32if the five-minute candle closes above
17. 0:34the range, we go long. Our stop loss is
18. 0:37calculated from entry and we measure the
19. 0:40entire Tokyo range. And if it's 14 pips,
20. 0:43our stop loss is 7 pips. We're not doing
21. 0:45half of the range, we're doing half of
22. 0:47the value of the range. So the first
23. 0:49trade September 28th, we entered, we
24. 0:52retraced, we went into profit, and then
25. 0:54it shot up and we hit our stop-loss. The
26. 0:56whole goal of this project is so that
27. 0:59each one of you has a way to trade once
28. 1:02a day, and we're doing a 30-day
29. 1:04challenge of trade every single day to
30. 1:07actually get the feeling of the emotions
31. 1:09and being active in the markets every
32. 1:11single day with a rules-based strategy.
33. 1:14Not to mention the easiest rules-based
34. 1:16strategy on Earth. The next one on
35. 1:19Telegram, I wrote instead of showing the
36. 1:22trade setup, I'm sorry, but I can't
37. 1:24recommend the trade for today. This is a
38. 1:27massive candle that broke out of the
39. 1:28range, but the risk-to-reward at this
40. 1:30point doesn't make sense. And then I
41. 1:32said specifically, never ever enter on
42. 1:34these massive candles. As you can see,
43. 1:37this one singular candle was 12 pips. In
44. 1:40comparison to all the candles next to
45. 1:42it, it is gigantic. So, we did not trade
46. 1:45on Tuesday the 29th because your stop
47. 1:47loss would have been like there and that
48. 1:50doesn't make sense. The next trade,
49. 1:52September 30th, we had a fivem minute
50. 1:54candle break out of the range. Stop loss
51. 1:56was half the distance of the Tokyo
52. 1:59session which kept us below the moving
53. 2:01average as the price started to trend
54. 2:03up. We did have quite a bit of draw down
55. 2:05on this one, but eventually it went up
56. 2:07to take profit. All of these trades are
57. 2:09going to be a 1:2 risk-to-reward ratio.
58. 2:11So, if you're risking seven pips, your
59. 2:13take-profit is 14 pips. We had another
60. 2:16breakout candle, and this candle just
61. 2:18barely closed outside of the range. I
62. 2:20actually sent this one out 8 minutes
63. 2:22late because I was on the phone with my
64. 2:24wife, but price did retrace by the time
65. 2:26I posted it to the original entry. So,
66. 2:29not only did I get in, everybody else
67. 2:30got in also. This trade hit some massive
68. 2:33resistance at a major bank level, 1.130,
69. 2:37and then decided to cascade down
70. 2:38afterwards. I actually ended up getting
71. 2:40out early because my emotions got the
72. 2:42best of me. Friday's trade also went
73. 2:44into profit about one R then reversed on
74. 2:47us and did hit stop-loss. So with the
75. 2:49first week and not trading one of the
76. 2:51days, we got two winners and two losers.
77. 2:55So theoretically two winners gives you
78. 2:57plus 4%, two losers gives you minus 2%
79. 3:01netting you 2% for that week. Now, the
80. 3:03interesting thing was the following
81. 3:05Monday, I woke up at 6:00 a.m. and I
82. 3:07immediately saw that the Tokyo session
83. 3:09had absolutely tanked EuroUSD. Right
84. 3:12away, I went online to see what the hell
85. 3:14was going on. And I posted on Telegram,
86. 3:16do not trade breakout range today. The
87. 3:18range is 94 pips right now. And what had
88. 3:21happened was the euro basically got
89. 3:24devalued overnight because everybody was
90. 3:26panicking about France not being able to
91. 3:28repay its debts. So, luckily, we didn't
92. 3:30even get a breakout during this day.
93. 3:32price just basically consolidated in the
94. 3:34middle of the Tokyo session range. Now
95. 3:36we have Tuesday, October 6th. Tiny
96. 3:39little breakout, immediately went into
97. 3:41profit and then violently went the
98. 3:44opposite direction. So another loss and
99. 3:46then today the final breakout of the 10
100. 3:49days so far. Price just barely broke out
101. 3:51of the range on the 5-minute chart.
102. 3:53Corrected up just a little bit, but then
103. 3:55shot back down. And this trade was done
104. 3:57in 1 hour and 45 minutes. Now, the
105. 4:00reason why I'm recommending this
106. 4:02strategy is one, because anybody can do
107. 4:04it. Literally, this is
108. 4:07ridiculously easy. Two, because I want
109. 4:10you to participate in the markets every
110. 4:12single day so that you can get used to
111. 4:14it. So, you can get comfortable with it.
112. 4:16And so, you can actually take
113. 4:17rules-based trades every single day. And
114. 4:20I didn't mention this before, but we're
115. 4:22only doing this on a demo account. I
116. 4:24just want you to get the repetitions in.
117. 4:26This is basically going to the gym and
118. 4:27training. So we had two no trade days
119. 4:30and then we had three losers and three
120. 4:33winners. Three winners is plus 6%, three
121. 4:37losers is minus 3%. So overall we are up
122. 4:413% in the last 10 days. I don't know
123. 4:44about you but that is actually really
124. 4:47really good. Even 3 or 4% per month is
125. 4:49really really good. So, if you've been
126. 4:51struggling with when or where to enter
127. 4:54in on any asset that you're trading
128. 4:57throughout the week or throughout the
129. 4:59day, give this a try. I'm only going to
130. 5:01be posting these for another 20 days
131. 5:02because it's a 30-day challenge and
132. 5:04we're already done with 10 of them. But,
133. 5:05I want you guys to get better and I want
134. 5:07you to practice. Now, if you want more
135. 5:10knowledge and more education, one of the
136. 5:12best places to learn how to trade online
137. 5:15is the trading floor. They have a
138. 5:18comprehensive entire system like a
139. 5:21syllabus that takes you from where you
140. 5:23are now to where you want to be a
141. 5:25profitable trader. And if you follow
142. 5:27their road map step by step, the ending
143. 5:30steps of that road map is actually
144. 5:33taking profitable trades. So you can't
145. 5:36actually complete the process without
146. 5:39having some profitable trades. And
147. 5:40that's the best thing. You learn the
148. 5:43theory, you implement those theories
149. 5:46into practice, and you actually convert
150. 5:49all of that education into actual live
151. 5:52trades that are profitable. Whether
152. 5:55you're trading price action, market
153. 5:57structure, support and resistance, or
154. 5:59RSI divergences like me, this is the
155. 6:02place where you're going to learn
156. 6:03everything. And if you guys are
157. 6:05interested in trading the orb strategy,
158. 6:07the opening range breakout, I know a lot
159. 6:09of you guys heard about this online.
160. 6:11It's extremely popular. They just
161. 6:14released a new orb indicator. So if you
162. 6:17like trading orb, check this one out. My
163. 6:19favorite is actually Happy Trail on a
164. 6:2130inut time frame using case 4 on German
165. 6:2440, which is essentially like the US's
166. 6:27Dow Jones. You get signals to enter and
167. 6:29you can ride massive waves with this.
168. 6:31Check them out at trdfloor.com.
169. 6:34Thank you so much for joining me today.