YT YouTube2Text

YouTube2Text → Transcripts → The Trading Industry Will Hate Me for This FREE 10+ Hour Course

The Trading Industry Will Hate Me for This FREE 10+ Hour Course — Transcript

by fxalexg · 130,129 words · 17,829 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:00Welcome to the final class. This is
0:03going to be the final class that you
0:05will need to watch in your whole entire
0:07trading career to understand how to
0:09trade. I'm talking about in this 10hour
0:12video, I am literally going to teach you
0:14from zero to 100%. From the point that
0:17you are literally going to be able to
0:18execute a trade with me inside of this
0:21video live. Whatever I do on my phone,
0:23you pause the video, you do it on your
0:25phone. Whatever I do on my chart, you
0:27pause the video, you do it on your
0:29chart. I'm going to take you through the
0:30most stepbystep process that I have
0:33personally ever created or ever even
0:35seen online on a complete tutorial on
0:38how to teach you trading from zero to
0:40100%. This is everything in one spot. I
0:44swear to God, I wish I had this video
0:46when I started my trading journey back
0:48in 2019 2018 when I was learning how to
0:52trade online. Nobody created tutorials
0:55like this. There was a bunch of
0:56different videos throughout the whole
0:57entire internet and I kind of had to
0:59piece them all together. And by the time
1:00that I pieced them all together, I
1:02simply had an information overload and I
1:04didn't know what I actually needed and
1:06what I didn't actually need. In this
1:08video, I'm going to teach you everything
1:09that you need and I'm going to briefly
1:11explain to you what you don't need so
1:13you don't have to simply waste time on
1:14it. Because the truth of the matter is
1:16that right now in trading, everybody is
1:19having a massive opportunity to make
1:21money online. the more time that you
1:22waste having the lack of knowledge and
1:24not having the proper education to go
1:26and trade, the more time you are missing
1:28out on these profits. So, I'm going to
1:30make everything on this one video, so
1:32all you have to do is just watch it from
1:33zero to the end. You're going to know
1:35exactly how to be able to go out there
1:37and execute trades live in the market.
1:39Now, I have really been thinking about
1:40doing this video for quite some time. I
1:42just haven't had the time to actually
1:44get it done. But, when I actually now
1:46decided to get this video done, I wanted
1:47to this be more than just an information
1:49overload video. Like I wanted you to
1:51practice this in real time. You're
1:53actually able to go out there and
1:55execute live based off off of this
1:57video. Something that you actually get
1:58value from and you're actually able to
2:00go out to the market and properly do it
2:02for yourself. Now, you're probably
2:03asking, who is this guy that's going to
2:05be talking to me for the next 10 hours
2:06and is he even a reliable source? I've
2:09been trading the currency market for the
2:11last seven years, and it took me about
2:12three years to become a profitable
2:14trader. I was two and a half years
2:16trying to figure out how to make money
2:17online when it comes to trading. And
2:19after two years of watching endless
2:20amounts of videos and failing, I finally
2:22figured it out. But it really wasn't
2:24always about trading. I first wanted to
2:27make money online. But before making
2:29money online, I was working at Dunkin
2:30Donuts. Before working at Dunkin Donuts,
2:32I worked at Crocs, Arab Postal, Sant's
2:34Enchanted Forest, and I even tried to
2:36get a job at a Valley parking, but I
2:38never got hired. I was just a regular
2:40high school student that got out of high
2:41school and did not want to go work the
2:43regular 9 to5. I wanted to get out of
2:45high school and become a successful
2:47person. I wanted to become a
2:48millionaire. I remember as the semester
2:50was finishing, my professor came up to
2:52me and he woke me up from an nap and he
2:54was like, "Hey, just letting you know
2:55right now, you could not come back
2:57tomorrow or not even finish this
2:59semester, even if you were to ace every
3:01single one of the next tests, you're
3:03still going to fail the class." And I
3:04said, "You know what? Thanks, man. You
3:06just saved me the next two months of my
3:07life cuz I was going to keep coming in
3:09here and falling asleep." Fast forward
3:10for the next two months. I kept going to
3:12campus because my parents were tracking
3:14my location and I had to go to school
3:16because they would, you know, kick me
3:18out of the house, ground me if I wasn't
3:20going to school. And I was going to
3:21school to just figure out how to make
3:22money online. I was figuring out a way
3:24on how to do drop shipping, which I
3:26tried to buy multiple different
3:28products, but my credit card limit
3:29wasn't enough. So, I couldn't have
3:31enough inventory. Tried that for a
3:32little bit, dabbled with it, never had
3:34success. And then I tried Airbnb
3:36arbitrage. So on my free time, as soon
3:38as I finished work and got out of the
3:40school, just sitting in the library
3:41trying to figure out how to find the
3:42good properties for Airbnb arbitrage, I
3:45realized that when I did find a good
3:47property, I didn't have the proper
3:49credit and have the bank statements to
3:50sign a lease so then I can subleasase
3:52it, put on Airbnb, so on and so forth.
3:54And I pretty much wasted about 6 months
3:56of my life trying to make money online
3:59when it came across, you know, these
4:01different businesses. And then one day,
4:03one of my friends invites me to this
4:05event where they're teaching trading.
4:07I'm like, ah, dude, I've heard of this
4:09stuff before. Supposedly, it's a scam.
4:11It's not real. Said, "You know what?
4:12What's the worst that can happen? I lose
4:14100 bucks. Really, all I have at the
4:15time to risk on this." I go to the
4:17event. I get sold on the whole entire
4:19MLM product, multi-level marketing. And
4:22uh what that really did is that it
4:24opened the doors to what trading is and
4:26the possibility that it actually has. I
4:28was there for probably 30 days. I
4:30realized that these multi-level
4:31marketing companies don't teach you how
4:32to trade. They just teach you what it
4:34is. But that opened the gates for me to
4:35actually go out there and try and figure
4:37it out. So I tried to go on with stocks
4:39and I realized in order for me to
4:40actually create a account in a stock
4:43market or with the stock brokers for you
4:44to actually go trade, it was a minimum
4:46of 25,000. That was back in 2018 2019
4:49when I was starting to trade. I didn't
4:51have 20,000 $25,000 to open up a trading
4:53account. So then I heard that there's
4:55this forex market, foreign exchange
4:57where the entry barrier is 100 bucks, 50
5:00bucks, and you have leverage up to 1 to
5:021,000. And then there that means you
5:04have a lot more buying power in your
5:05money. The markets are open 245 compared
5:08to the stock market. They're open 9 to5,
5:105 days a week. I said, you know what,
5:12this is a lot more attractive. Let me
5:13actually go head first into this. And
5:15little did I know that I was going to be
5:16walking into one of the longest,
5:18darkest, and loneliest journeys that I
5:20have ever been. And that journey began
5:24by myself in the library at Miami Day
5:27College campus. I was a whole entire
5:29year going to Miami Day College campus.
5:31Instead of me learning English or
5:33learning mathematics or whatever they
5:34were teaching me in criminal justice, I
5:36was learning what the foreign exchange
5:38market was, watching endless amounts of
5:40videos on YouTube, buying different a
5:42bunch of different courses trying to see
5:43if it all worked, where it all came down
5:45to one simple thing. And all of that I'm
5:47going to be teaching to you guys in this
5:49video completely for free. and it's all
5:50going to be in one spot. I had to piece
5:53so many different videos together that
5:55literally that is probably what took the
5:57most amount of time getting all the
5:59information that was on the internet,
6:01hearing the same thing seven different
6:02ways, realizing I'm watching the same
6:05thing from a different person, saying it
6:06in a different way, and then having to
6:08minimize all that information for it to
6:10come down to one thing. And that is
6:12exactly what I'm going to be doing in
6:13this video today. And it almost feels
6:15like it went by extremely fast now that
6:17time has gone by. But after 6 months of
6:19me just trying to put all this
6:20information together, lost a couple
6:22thousand dollars. Another 6 months went
6:24by and then I was supposed to be
6:25graduating from college, getting my AA
6:27on pretty much year two and my parents
6:29realized that I was not going to college
6:32and there I had to pretty much break
6:33through the news that I was doing this
6:34whole trading stuff and I was probably
6:36about a year in year and a couple months
6:37in and I was so deeply invested that I
6:40had no other choice but to continue to
6:42go. There was no way I was going to
6:44continue in figuring out a different way
6:46on how to make money online once I've
6:48already invested a whole entire year
6:50into this. And things were starting to
6:51click, or at least I thought they were
6:53at the time. So, I basically broke the
6:54news to my parents. I said, "Hey, I'm
6:56trying this whole trading stuff. I need
6:57you guys just to give me some time to
6:58figure it out. My parents did not
7:00believe in me. They weren't supportive
7:01of it. And I wouldn't either. I have old
7:03school Cuban parents that they barely
7:05know how to use WhatsApp. They don't
7:06speak English. They honestly just all
7:08they understand is work on a regular job
7:11and that's how you're going to become
7:12successful. It's not their fault. They
7:13were raised differently. But I knew that
7:15there was different ways on how to make
7:17money in this world, especially online.
7:19So after about a year and a half, my
7:22parents aren't supporting me. I'm just
7:23kind of living there at the house. I'm
7:25literally trading from my mom's closet.
7:27We have a closet downstairs and I'm just
7:29trading out of that closet. And I'd say
7:30probably for the next six to eight
7:32months, it was a battle in between
7:36myself and understanding the actual
7:38markets. So now I know exactly what
7:40trading is, how it works. But now I'm
7:42just trying to figure out these patterns
7:44and if there really is one behind it.
7:45And I'd say after 6 months, it got to
7:48the point where I was seeing the
7:49patterns. I would see things happen over
7:50and over again. But I just wasn't
7:52entering at the exact point. I was
7:54either entering too late, I was entering
7:56too early, and I was probably closing
7:58out my profits too short, my stop losses
8:00were too tight, I was just doing a lot
8:01of minor mistakes that accumulatively
8:04made me a unprofitable trader. Right
8:06around the 2-year mark, my parents once
8:08again are pressuring me, what am I going
8:09to do with my life, and I just kept
8:11asking for time, still working at Dunkin
8:13Donuts, dabbling other jobs, but I'm
8:14trying to dedicate as much time as I
8:16possibly can to trading. Now, at this
8:18point, I seek some different types of
8:19more serious mentorships. I understand a
8:22little bit more. You know, you need act
8:23an actual strategy for you to actually
8:24become a profitable trader. And right
8:26around the 2 and 1/2 year mark, I went
8:29from losing consistently for two and a
8:32half years to having my first ever break
8:36even month. I'm like, whoa, I think I
8:38might be doing something right because
8:39you know what? This month, I didn't blow
8:40any accounts. I didn't lose any profit
8:42accounts. Like, I think I'm on to
8:43something. The month after that, so two
8:45months, two years and about seven
8:47months, I had another break even month,
8:50but a little bit slightly in profit,
8:51probably 1%. And then the month after
8:53that, I was in profit 10%. I went from
8:55being an extremely unprofitable trader
8:58to then a break even trader to having my
9:00first profitable month. All of that in
9:02the span of nearly three years. And in
9:04this video, I'm going to shorten what I
9:06learned in 3 years, all of the mistakes
9:08that I did, all the unnecessary
9:10information that I had in just a one
9:12class setting. This is going to save you
9:14guys so much time, so much headache that
9:16I can't even I wish I had this when I
9:18got started. After my first profitable
9:20month, everything literally just
9:21clicked. I started going from break even
9:24months to a profitable months to then
9:25just this becoming the new normal. All I
9:28had to realistically do was look back at
9:30my actual winning month and be like,
9:32what did I do right there? If that's
9:34what worked, let me just double down on
9:36it when I see it again and then again
9:38and again and again. And then you fast
9:40forward for another year. So I'm about
9:42three and a half years into my journey.
9:44I am now a full-time trader. I think on
9:47my third year, three month three years
9:49and one month, I left Dunkin Donuts,
9:51left my job, and I'm now just a
9:52full-time profitable trader. Told my
9:54parents that it's actually working.
9:56They're seeing the money. they're
9:57believing it. And then right around my
9:58fourth year, I decided to just start
10:00posting on social media because, you
10:02know, that was the only way to pretty
10:04much meet people as a trader cuz if
10:06you're a trader, you're kind of in an
10:08office like this. You're just home 24/7.
10:10You're never going to really engage with
10:11anybody cuz you don't need to go out to
10:13a social setting for anything.
10:15Everything you could just do it from
10:16home. And all of my friends that I had
10:18in my journey as I was learning trading,
10:20all of my high school friends, I pretty
10:22much separated myself from them because
10:24they didn't believe in my journey. They
10:25didn't understand what it was and they
10:27were causing me so much stress trying to
10:29convince them of what it is and that
10:31it's actually possible that it was
10:32distracting me from the journey. So, at
10:34this point in my journey, I'm really by
10:35myself and I'm just trying to open up my
10:37doors to new people, just meet people,
10:39maybe meet some new girls, attract
10:41girls, cuz I'm realistically just making
10:43a decent amount of money by clicking a
10:45couple buttons and I have so much free
10:46time throughout the day. And like a
10:49hurricane or like a snowstorm or
10:52whatever you want to call it, it just
10:53blew up. I started posting, you know, I
10:56bought my first supercar, which is an
10:57Audi R8. I started posting profits. I'm
11:00making a couple thousand dollars every
11:01single day. And out of nowhere, this
11:03created this massive community of other
11:06people wanting to learn how to do the
11:07same thing. The questions that I was
11:09getting asked were pretty simple
11:10questions. And I decided to say, you
11:12know what? Let me just start helping
11:13people. And I just started posting
11:15YouTube videos. And fast forward another
11:17three, four years, and we're here where
11:19I arguably think I have one of the
11:21biggest trading communities in the
11:22industry. And I have helped thousands of
11:24people all around the world and
11:26shortened their learning curve from
11:27years to months and gotten people to
11:30make tens of mistakes a day to maybe one
11:33a week and then them learning from that
11:35and using those losses that they avoid
11:37to optimize and actually be able to risk
11:39the correct amount of money on the right
11:40markets. So it all went from being a
11:44unprofitable trader by himself to then
11:46developing a skill set without even
11:49knowing it, posting it accidentally on
11:51social media. it blowing up and now to
11:53the point where I just changed traders
11:55lives all around the world and now this
11:56video is for you. And the only reason
11:58why I gave you this whole entire
12:00backstory is so you understand at the
12:02point where I am right now in my
12:03journey. I have so much free time that
12:06all I generally have passion about right
12:08now is just helping other people. I am
12:10literally dedicating more than 10 hours
12:12to make this video for you because this
12:14video is going to probably be 10 hours
12:16and I'm done with it. But for me to
12:17record it, for it to all get shortened
12:19down to the point where I probably put
12:2020, 25 hours into this video, I'm doing
12:23this for you. So, all I ask for you is
12:25to literally only focus on this video.
12:27And if by the end of this video, you did
12:29not learn anything. You have absolutely
12:31no value. Hit the unsubscribe button,
12:33block me, never look at me ever again.
12:35Don't believe me. But I am putting so
12:36much time and so much effort into this
12:38video because I personally really do
12:40wish I saw one of these videos when I
12:42got started in my journey. So if you
12:44have any question, if you have any
12:46concern, just go back, pause the video,
12:48write down notes. If I were to show you
12:50the amounts of notes that I took when I
12:52was learning in my journey, I think I
12:54wrote down the same thing 15 different
12:57times because I was watching 15 of the
12:59same videos just in different ways from
13:02different people. And that confused me
13:03so much because everybody would say it
13:05in a different way. And what I can
13:07guarantee you is in order for you to
13:09become a profitable trader like me,
13:11there is no other video that you need to
13:13watch online, including my own, because
13:15this video is literally going to teach
13:16you every single topic, every single
13:19subject that you need to know to
13:21understand the markets exactly that I
13:23do. Once this video is finished, the
13:25only thing that separates you and I is
13:27going to be experience. And that is
13:29what's going to lead you to become a
13:30profitable trader. So right now, if
13:32you're driving, if you're at work,
13:33you're on a lunch break and you started
13:34this video, make sure you pause it, put
13:36a bookmark on it, and come back to it
13:38when you're ready to sit down and
13:40actually focus. Do not halfass this
13:42video. Do not put it on 2x. The points
13:45of trading is for you to take your time
13:47with it. This is a marathon, not a
13:49sprint. And you attempting to learn this
13:51information faster is actually going to
13:54slow you down because you're trying to
13:56speed things up and get all this
13:57information as fast as you can. It
13:59actually slows you down because you're
14:00not going to process it and understand
14:02it and you're going to have to come back
14:03and watching it again. So, it's going to
14:05actually take you double the amount of
14:07time. No matter how fast you want to
14:09learn this, it takes time. It takes
14:10repetition and you need to understand
14:12this is a brand new language. And a
14:15perfect analogy that I can put is let's
14:17say you're going to go build a house and
14:19the same day you buy the land, that same
14:21exact day, you have the builders, you
14:23have the plumbers, you have the roofers,
14:24you have the carpenters, you have the
14:26landscapers, everything. You cannot have
14:28the roofers put on the roof if the
14:31builders haven't even built up the
14:32walls. You cannot have the gardeners put
14:35up the garden if they haven't finished
14:36the construction. You're going to mess
14:37up your garden. Everything is a
14:39stepbystep process and it takes time.
14:42And that is exactly what this video is
14:43intended to do. It's intended to go step
14:46by step in the correct order and for it
14:48to be taken my time for me to explain to
14:50you so you understand it at the correct
14:52time. Now, with that being said, let's
14:54officially begin this video. And if you
14:56are not 100% ready to write down notes,
14:59if you don't have your notepad out, if
15:00you're not in a calm setting, if you're
15:02not locked in, you don't have your
15:03headphones in, do not watch this video.
15:05Click the pause button and come back
15:07when you're ready. It's going to be a
15:08lot more effective that you watch this
15:10video when you are 100% prepared to
15:13actually watch this video so you take a
15:15notes effectively and you understand
15:16everything effectively. So with that
15:18being said, let's begin. So what is this
15:21trading stuff? What is this forex? What
15:23is this stocks? What is this crypto
15:25indices, commodities, futures? What is
15:28this charts? What is trading? Well, I'm
15:32sure we've all seen charts, right? This
15:34is what a chart is. chart is when
15:36something goes up or something goes
15:38down. You've probably seen it either on
15:40an actual candlestick format like that
15:43or you've seen it on a line chart like
15:46this. These are different ways on how
15:48the markets are seen. You can see it on
15:50a line chart. You can see it on a bunch
15:51of different ways. And don't worry,
15:52we're going to get into all of those
15:53different ways in just a second. But
15:55what exactly is trading? Well, trading
15:58is when you're literally doing what it
16:00says. When you are trading, you're
16:02trading one thing for another. Now, some
16:05people think when it comes to the forex
16:07exchange market, the foreign exchange
16:08market, that you're actually trading one
16:10currency for the other. Some people
16:12think that, oh, the euro and the dollar,
16:14you're actually buying the euro and
16:16you're exchanging it for the dollar, or
16:18you're selling the dollar and then
16:20buying the euro. At no point are you
16:22ever actually doing that. You're
16:23essentially just betting that
16:24something's going to be going up or
16:25something that's going to be going down.
16:27We're going to get into all of that in
16:28just a second. Now, before I actually
16:30get into the charts and I show you how
16:31to actually read the markets, I first
16:32need to teach you and educate you on the
16:35actual markets. What are these markets?
16:37What do they consist of? How do like
16:40when I actually buy a currency, am I
16:41actually owning it? Like, do I actually
16:43buy the euro? Does that mean that I own
16:45the euro? If I actually were to buy
16:46gold, does that mean that I actually own
16:48gold? If I were to trade the NASDAQ, do
16:50I actually own a piece of a company? So,
16:53let me break down these actual markets
16:55and what they consist of, right? So
16:57right here we're going to have all of
16:59the main markets that are going to run
17:01the trading industry or the trading
17:03niche. And these are in order. The first
17:06market is going to be the foreign
17:08exchange market also known as the forex
17:11market where every single day it moves
17:13anywhere from 7.5 to 8 trillion on a
17:18daily basis. This is not only the
17:20largest market in the world but is
17:22actually decentralized and it is open
17:24245. Now when I started trading in 2018
17:282019 I remember reading this exact same
17:30sentence right here and it was anywhere
17:32from five to $6.5 trillion. The fact
17:36that in just five six years this has
17:38nearly almost added $3 trillion into
17:41trading volume is absolutely absurd to
17:44me. This just shows the amount of
17:46opportunity that is inside of the
17:48foreign exchange market. So the beauty
17:50of this market is that it is available
17:52245. You can pretty much trade it
17:54whenever you want throughout the week.
17:56And that is the beauty of the foreign
17:57exchange market. It is the most volatile
17:59market, has the most opportunity in it,
18:01and it is available the most out of any
18:04single market. Next is going to be the
18:05stock market, which you've all heard of
18:07the New York Stock Exchange. That's
18:08where people would trade on the trading
18:10floor. And this is where the global
18:12stock market trade. And it's anywhere
18:14from 200 billion to 300 billion on a
18:17daily amount. So you can realize the
18:20magnitude and the size of the foreign
18:22exchange market. It is nearly 15 times
18:25bigger, 20 times bigger on a daily basis
18:28because you're trading every single
18:30currency in the world. Right here in the
18:32global stock market, you're pretty much
18:34just trading around the US, mainly
18:36around the NASDAQ and all of these other
18:38different USA companies. Next we have
18:41the commodity market which is going to
18:43consist of futures, oil, gold, wheat and
18:47the daily volume from this can vary in a
18:49couple of billion dollars but it's
18:51around a hundred billion on a daily
18:53basis. Now when you go trade the
18:56commodities markets when you go let's
18:57say you're going to go buy gold for
18:59example doesn't mean you actually are
19:01going to own a piece of gold. You're
19:03just betting you're basically betting
19:05with the markets that gold is going to
19:07go up in price. That's pretty much it.
19:10When you go buy oil or you go sell oil,
19:12at no point are you actually owning any
19:14oil. It's all digital currency. It's all
19:17money on the screen. They're basically
19:19making an educated bet if this market is
19:22going to go up or it's going to go down.
19:24At no point do you ever own anything
19:26when trading any of these markets except
19:29the cryptocurrency markets. The
19:31cryptocurrency market has an average
19:33volume of 100 to 200 billion in day
19:36trading volume, but it is extremely
19:39volatile and is mainly controlled by
19:41Bitcoin and Ethereum and a couple couple
19:43of other stable coins. Now, obviously
19:45the problem with cryptocurrency is
19:47there's, you know, no centralization
19:49around it. It's completely
19:50decentralized, very much how it is when
19:52it comes to the foreign exchange market.
19:54But these currencies are backed by
19:56countries. They've been backed by
19:58hundreds of years. The crypto market is
20:00still fairly new. It's been around for,
20:02let's call it, 20 years at the max, 25
20:04years. And it's something that is
20:06completely decentralized. And when you
20:08actually trade a cryptocurrency, let's
20:10trade, say you're trading Bitcoin,
20:11Bitcoin, you actually own it. If you
20:13trade Bitcoin and it goes up, you make
20:15money with it. If you trade Ethereum and
20:17it goes down, you lose money with it.
20:18Same very similar how it works with the
20:21foreign exchange market. But when you're
20:22trading the foreign exchange market, at
20:24no given point, you actually own some of
20:26the actual currency. I can say I'm
20:28trading EuroUSD. At no point do I
20:31actually own Euro or do I own USD? So
20:34all of these I'm going to go into great
20:35detail of how you can actually trade
20:37them, which ones you should be trading,
20:39which you shouldn't be trading, and how
20:40you can actually build a profitable
20:41strategy to actually trade on these
20:43markets. These are going to be the main
20:45markets that are going to be out in the
20:47markets and that you should have any
20:49interest in trading them. Any markets
20:51inside of these, they simply don't have
20:53enough trading volume. And if they don't
20:55have enough volume, which is big numbers
20:57like this, the odds of you becoming a
20:59profitable trader are much more
21:00difficult because lack of volatility
21:03means lack of opportunity. You want to
21:06make sure that you are in a market that
21:07has a fair amount of volatility, not too
21:10much because then you're prone to
21:11getting major losses and all of that.
21:13I'll explain later into the video as
21:15well. But you want to make sure that you
21:16have a decent amount of volatility so
21:18you can have good opportunity to
21:19actually make money when it comes to
21:21trading. But I personally have been
21:23trading the foreign exchange market for
21:24the last 7 years successfully and lately
21:27I've been dabbling a little bit with
21:28commodities and I just have been
21:30investing into crypto when it comes to
21:33long-term. This is my form of an asset.
21:35I would much rather put multiple six
21:36figures into a digital currency where it
21:40can make me 20 30% annually compared to
21:43putting it into real estate where let's
21:44say it can make me those same returns
21:46but I have to deal with less headache.
21:47I've never personally traded the stock
21:49market just because I am not interested
21:51in trading in a market that does not
21:53have anywhere near as much volume or
21:55availability as the foreign exchange
21:57market. I've traded the NASDAQ. I've
21:59traded the S&P 500 and all of these
22:01other stock markets. And you can also do
22:03that in the foreign exchange market. And
22:05all of that we're going to be breaking
22:06that into this video. And we're going to
22:07be actually taking a trade together.
22:09You're going to be able to pause the
22:10video, look at the profits or losses on
22:12your actual end. And then you're going
22:14to be able to have an clear
22:15understanding of how to actually do this
22:17for yourself. And now before we get
22:19right started into what is actually
22:21trading, I want to bust every single
22:23myth that is out there online. All of
22:25the myths that my parents thought that
22:27this was that even including myself
22:28thought this was or just the people that
22:30have an opinion on something that
22:31they're just simply not educated on. And
22:33there's nothing wrong with having an
22:34opinion, but it's always good to get
22:36educated on it. So I'm going to bust
22:38every single myth on what trading isn't.
22:41Trading isn't a Ponzi scheme. There is
22:44Ponzi schemes out there on people
22:46creating systems around trading. That is
22:48entirely true. But trading itself is not
22:50a Ponzi scheme. Like people are just
22:52essentially betting that something is
22:54going to go up in value or that it's
22:56going to go down in value. If it goes up
22:58in value, people make money. If it goes
23:00down in value, people lose money. That
23:02is what trading is. So no, it's not a
23:04Ponzi scheme. Also, in order for you to
23:06actually become a trader, you don't need
23:08to be a mathematician. You don't need to
23:11go to college. You don't need to get a
23:12degree. You don't need to be a genius.
23:15To be fair, I graduated high school with
23:17nearly a 1.7 GPA, I think it was, or a
23:202.0 GPA. I can't even remember what it
23:22was. I barely passed high school. I
23:25failed at college. I was not the
23:27smartest kid in class. But what I did do
23:30was show up every single day to try and
23:32figure this out. I had a driving mindset
23:35that was going to lead me to success.
23:38But I did not know what was the root
23:40square of 75 when a car is driving at 50
23:43miles an hour and x equals 5. I have no
23:46idea to this day what that is and I
23:48don't need to and I've had two Bugatti.
23:50So I think I've done very well. Trading
23:52is not something that you need to have
23:54habits for. You don't need to wake up
23:55every single day and meditate. You don't
23:57need to wake up and light up a candle,
23:59read a book, set a certain light, all of
24:01that Instagram, Tik Tok stuff. That is
24:04not real. You do not need any of these
24:07morning routines in order for you to
24:09become a successful trader and
24:10understand how to read the markets. I
24:12can be looking at the markets in front
24:13of my computer. I can be looking at it
24:15on my phone about to board onto a
24:17flight. I can be looking at it while I'm
24:19driving, while I'm at the beach, while
24:21I'm doing anything. All I need is a
24:23screen and decent amount of internet and
24:25I'm able to go ahead and look at the
24:27markets. You don't need to set up a
24:29whole entire ambiance around me to
24:31actually read and understand the
24:32markets. If you know how to read it, you
24:34know how to read it. And trading isn't
24:35also something that a lot of people
24:37think like, oh, we're going to wait for
24:39price to come all the way to the bottom,
24:40so we buy. We're going to sell all the
24:42way at the top. We do not try and
24:44predict tops or bottoms. Actually, on
24:47the complete contrary, I want the market
24:49to be moving up very aggressively and I
24:52want to buy with that market. The trend
24:54is your friend. I've had that quote on
24:57my desk, I think, for seven years. The
24:59trend is your friend. I am not here to
25:01create a trend. I'm not here to break a
25:03trend. I'm here to trade with the trend.
25:05What do you think is easier? To swim
25:07against the current or with it? And here
25:09in trading, we are here to swim with the
25:11current. At no point are we ever trying
25:13to predict something when it hits all
25:14the way at the bottom and then we buy or
25:16something when it hits all the way at
25:17the top and then we sell. We trade with
25:20the trends. And another one of the
25:22biggest misconceptions that people have
25:23is that they think that they need to be
25:24in front of the markets all day in order
25:26for them to actually read the market and
25:28become a profitable trader. Do you need
25:30to be in front of the markets for a long
25:32period of time for you to actually
25:33understand how the markets move? Yes.
25:35But once you get it, you don't need to
25:38be in front of the markets every single
25:40day. Another one of the biggest
25:41misconceptions that traders have or
25:43people in general when they get started
25:44into trading is that you need to be in
25:45front of the markets all day every
25:47single day in order for you to be a
25:48trader and a profitable trader. That is
25:51that cannot be further from the truth.
25:53The less amount of time that you spend
25:55in front of the markets, the more amount
25:57of money that you're going to make. It's
25:58very counterintuitive because at the
26:00beginning you actually need to spend a
26:01lot of time so you can learn and
26:03practice it. But once you understand the
26:04skill set, then you don't need to be in
26:06front of the markets all day every
26:08single day. It's like when you're going
26:09to go learn a language, let's say you're
26:11going to learn Chinese, for example,
26:13it's your first time learning Chinese.
26:14Are you going to have to spend more time
26:16than the regular person that wants to
26:19learn Chinese in the class? Yes, you're
26:21going to have to spend more time. But
26:22after you learning Chinese and being in
26:24the class for an extra hour every single
26:26day for the last six months, it gets to
26:28the point where you no longer have to be
26:30in class for you to understand Chinese
26:32and to perfect it. You could be
26:34listening to some music. You could be
26:35interacting with people on the street.
26:37That is where you practice it and you
26:38perfect it. And then you don't need to
26:41speak Chinese every single day in order
26:43for you to master and perfect it. You
26:46just need to make it part of your normal
26:47routine and it just becomes second
26:48nature. Once you learn it, you're not
26:50going to unlearn it. It's the exact same
26:52thing with trading. Once you learn it,
26:53you don't need to be in front of the
26:55markets every single day to trade. You
26:56only trade when it's time to trade. And
26:59by far probably the most important one.
27:02People think you need money to make
27:04money in trading. And I'm going to
27:05answer this. The answer is true. You do
27:07need money to make money. But you don't
27:09need a lot of money to get involved into
27:11trading and make a decent amount of
27:13money. You can get started with a couple
27:14hundred bucks, maybe a couple thousand
27:16bucks, and that is going to lead you to
27:18have returns equally to what you invest.
27:20It it is all based off of
27:22risk-to-reward. If you risk a hundred
27:24bucks, you're going to make a couple
27:25hundred bucks. If you risk a couple
27:26thousand bucks, you're going to make a
27:28couple thousand bucks. You're not going
27:29to turn a one singlehandedly $100 bill
27:32or a couple hundred dollar bills into a
27:34quantion. That's not going to happen.
27:36Can you multiply it and scale it over
27:37time with proper risk management? Yes.
27:40But you don't need a large amount of
27:42money to get involved. And people have
27:44this conception as well as as soon as
27:46they put the money into the market, it's
27:48automatically gone. No, that is the
27:50complete like opposite. You actually
27:52predetermine how much you want to risk
27:55of the capital that you put into trading
27:57every single time. Let's say right now I
27:59go and deposit a h 100red bucks into the
28:00broker that I'm going to be using. That
28:02doesn't mean that that 100 bucks is
28:04invested right away. That just means
28:05that the money is inside of a platform
28:07that then I can go and execute one of
28:10these positions on. Now, before I
28:11execute that position, I'm going to
28:13pre-calculate my risk on my $100. I only
28:17feel comfortable risking $10 on this
28:19trade. That's all I'm going to lose. And
28:21I'm going to be teaching you guys on how
28:22to do that throughout this whole entire
28:24video. But I want to make it extremely
28:25clear what trading is not. Okay. So, now
28:29that you understand that there is
28:30different types of markets out there.
28:32You have the currency market, commodity,
28:33stocks, you have crypto. There is many
28:36different types of traders that executes
28:39on these type of markets. For example,
28:42we can have what is called a positions
28:44trader, which these are also known as
28:46whales, which these traders happen to
28:48take anywhere from one to two positions
28:51a month. These are people that have
28:53large sums of monies and they're
28:55realistically not interested in being
28:57active every single day or every single
28:59week. So now moving on, now that you
29:01understand that there's many different
29:02markets out there, you have the foreign
29:04exchange, the stocks, the crypto, all of
29:06these different markets. There's
29:08different types of ways of trading these
29:11markets and there's many different types
29:12of traders that execute these markets.
29:15Now, you can trade these markets as if
29:17you were to be a position trader, a
29:18swing trader, day trader or a scalper.
29:21You can be any one of these traders and
29:23execute this style of trading on any one
29:26of those markets. For example, if you
29:27were to be a position trader, these are
29:29also considered whales because they are
29:32risking large sums of money either once
29:35or twice a month on certain positions
29:37that they take. They aim to have
29:39anywhere from two to three to 4% a month
29:42realistically with minimal effort,
29:44minimal activity, and just large sums of
29:47money. These large sums of money are
29:50this is why they're called whales and
29:51position trading, but this is more for
29:53kind of institution style and people
29:55that aren't really active in front of
29:56the markets every single day. Can you
29:58make money as a position trader? Of
30:00course. But it does require large sums
30:02of money because you're looking to
30:04target bigger trades. So, you're going
30:05to have very, very, very big take
30:07profits, very, very, very big stop-
30:10losses. I've attempted this style of
30:12trading in the past. It's just very
30:14expensive because you have to risk large
30:16amounts of money because you get charged
30:18every single time you hold a position.
30:20And I'm going to get into all that stuff
30:21later into the video, but this is a
30:22future way of I think everybody will
30:25eventually become a trader of as you
30:27progress throughout this whole entire
30:28chain. Next, we have a swing trader. So,
30:31a swing trader is somebody that anywhere
30:33that takes anywhere from four to five
30:35positions a month. And these positions
30:37that they take are not as big as the
30:40positions traders, but they are decently
30:42big trades. And these trades happen to
30:45have the best risk-to-reward out of any
30:47one of the traders. The swing traders
30:49are the ones that look on the higher
30:51time frames but still incorporate the
30:53lower time frames to have entries and
30:56have great risk-to-rewards. I personally
30:58myself am a mix or a hybrid of a swing
31:01trader and a day trader. And this has
31:03led me to be able to have the sniper
31:05entries of a day trader and the
31:07takeprofits and the great
31:09risk-to-rewards and the big big big
31:11trades because of the swing trading
31:12approach. So a swing trader takes
31:15anywhere from four or five trades a
31:16month. The trades that they take are
31:18very sniper, very accurate, and they
31:19tend to be probably the more patient
31:21traders next to the position trade. Next
31:24to that, we have a day trader. So day
31:26trader are somebody that are obviously
31:28most commonly known in the trade
31:30industry. We all know trading because of
31:33day trading. You trade every single day,
31:35but that doesn't mean that you're
31:36actually trading every single day, but
31:37you're more or less looking to be active
31:39either two to three times a week on a
31:41market. Really depends the types of
31:43opportunities that you get. Because
31:45typically, if you were to enter a trade
31:46today, it should hit your take profit
31:49today. Maybe it can overlap into
31:50tomorrow. That's where you take anywhere
31:52from two to three, maybe even four
31:54trades a week on the higher end. Day
31:56traders tend to have anywhere from a 40
32:00to 50% win rate, but obviously they're
32:02taking a lot of positions and the
32:03risk-to-reward isn't as high. A swing
32:06trader's win rate tends to be anywhere
32:08from 60 to 65% because they're taking
32:11less trades, which the quality means
32:13that they're much better. And then a
32:14swing trader's win rate tends to be
32:16anywhere from 70 to 65% but their
32:20risk-to-reward tends to be even greater
32:22than that. Last but not least, or like I
32:24would like to say definitely least is
32:26going to be a scalper. Scalp trading is
32:29probably what every single person thinks
32:31that they are when they come into
32:32trading because people think that the
32:34more amount of positions that you are
32:36in, the more money that you will make
32:38and that cannot be further from the
32:40truth. A scalper is somebody that tries
32:41to take two to three trades every single
32:43day, a trade every single day. And that
32:45actually overexposes yourself and puts
32:48you at more risk because the more you
32:49get involved into the market, the more
32:51risk you are in. The more you're
32:53actually trading, the more odds you have
32:55of losing. The less you trade, the less
32:57likely you are to lose. So then you
32:59might ask me, "Wait, Alex, so then how
33:01do you actually make money if you're not
33:02involved?" You make money by entering
33:04the right trade at the right spot, and
33:06you let it ride. You make money while
33:08the market moves. You don't make money
33:10by getting involved into the market. Two
33:12very very big like they're two
33:14completely different things. And the
33:16quicker you understand that, the quicker
33:17you're going to make money in trade. You
33:19don't make money in trading by getting
33:21involved. You make money in trading by
33:23getting involved at the right time at
33:25the right place and let the market move.
33:27Let the market do its thing. Let it
33:29create the market structure. Let it go
33:31up. Let it go down. Whatever you're
33:33doing with it, and that's when you make
33:34the money. every single time you enter a
33:36position, you're adding more risk to
33:38your account, which in turn can end up
33:40to you losing. Yes, it could also mean
33:42that you can make money, but nowhere
33:43near as if you were to enter one solid
33:45position and you let it run. If this
33:47doesn't make sense right now, don't
33:48worry. It's all going to click
33:49throughout this video. Right now, I just
33:51want you to have a deep understanding of
33:52the different types of traders that
33:54there is out there. My personal favorite
33:56is going to be a day trader or a swing
33:58trader and then the happy medium right
34:00in the middle. Everybody starts off as a
34:02scalp trader because they want to enter
34:03a bunch of positions thinking they're
34:05going to make more money, but then they
34:06end up developing and growing as a
34:08person and become a day trader. These
34:10are the main types of traders that go
34:12and execute on either the foreign
34:15exchange market, the stock market, or
34:16the crypto market. Okay. So, now that
34:18you understand that what type of markets
34:20you're going to be trading, the type of
34:22trader that you can be on this market,
34:24let's actually start breaking down the
34:25exact markets that you are going to be
34:27trading. We'll figure out what type of
34:28trader you are later in this journey and
34:31see which one makes the most sense for
34:33you. But the most important thing that
34:34you understand is what type of markets
34:37you're going to be trading. So, we're
34:38going to be breaking down the foreign
34:39exchange markets. This is the most
34:40volatile markets, the markets with the
34:42most amount of opportunity and gives you
34:44the most possibility to make the most
34:46amount of money. So, we're going to be
34:47breaking down a forex pair, a currency
34:49pair, a market that is consisted of
34:52currency, right? So, as you can tell,
34:54all of these markets here to my right
34:56hand side, they're all different types
34:57of currency markets. The USD versus the
35:00CAD, the pound versus the Canadian, the
35:03Australian versus the Canadian. And
35:04don't worry, I'm going to teach you how
35:06to set up this whole trading view, all
35:08of this Chinese that you think this is
35:10this is a new language to you. Don't
35:11worry, I'm going to help you set all of
35:12this up. But, we're going to first start
35:13off by breaking down what is a currency
35:16pair and how does this even work? Well,
35:18in order for you to trade the foreign
35:20exchange market, you have to trade one
35:22currency against the other. You're
35:23basically betting that one is going to
35:25get stronger than the other or that that
35:28one's going to get weaker than the
35:30other, which enhances the same exact
35:31thing. If something gets stronger, that
35:33means the other gets weaker. It's very
35:34simple. So, all we are doing when we are
35:36trading a currency market is we are
35:38betting that something is either going
35:40to go up or betting that something is
35:42going to go down. At no given point, if
35:44I'm trading the EuroUSD, for example,
35:46which is this market that we have here,
35:48at no point am I ever actually owning
35:51any actual euro, or am I actually ever
35:54selling the dollar against the euro or
35:57buying the euro against the dollar? If
35:59I'm trading the Canadian dollar versus
36:02the pound, at no point do I actually own
36:05any physical Canadian dollars or do I
36:07have any British pounds at no given
36:09point. All I am doing is I am betting
36:12that one is going to get stronger than
36:14the other. So how does this betting work
36:17you may ask? Well, it's very simple.
36:18This is a currency pair. It's made up of
36:21two different currencies. The first
36:24currency is going to be the base. So
36:26this is the base currency of the pair.
36:29Then we have the quote currency which is
36:31the other currency pair. These two
36:33markets are constantly in a battle. Who
36:35is stronger than the other? If this
36:37market decides to continue to go to the
36:40upside and it starts creating market
36:42structure like this to the upside that
36:44means that the euro is stronger than the
36:46dollar. If this market is then moving to
36:48the downside like this then that means
36:51that the dollar is stronger than the
36:53euro. Now how would I know that? How
36:56does that make sense? Well, it's very
36:57simple because this base currency is
37:01what's going to drive the price up. If
37:04we are currently at a with a very strong
37:07euro market and the euro is very very
37:09very strong that is going to mean that
37:12it's stronger than the dollar and it's
37:13going to push price to the upside. If
37:16the dollar is going to become strong
37:18then that means that it's going to be
37:20stronger than the euro and it's going to
37:22push price to the downside. So this
37:25quote currency the best way to
37:27understand it is if it's getting strong
37:30you want the market to go down. If this
37:32base currency is getting strong, you
37:35want this market to then go up. Now, I
37:38wanted to be very clear. When you want
37:40this market to be strong, when you want
37:42the euro to go to the upside, you want
37:44to buy this market. You're going to buy
37:46eurousd. Once again, you're not buying
37:48any euros. You're essentially just
37:50betting that the euro is going to get
37:52stronger than the dollar for a period of
37:54time, whether that be a couple of hours,
37:56a day, a week, a month, whatever the
37:58case is. But then if you want to sell
38:00EuroUSD, at no given point are you
38:02actually selling the dollar? You're just
38:04betting that the dollar is going to get
38:06stronger than the euro. So are they both
38:09equally as important? Can they both have
38:12equally the same amount of moves?
38:13Absolutely. Just because a market is
38:16going up doesn't mean that that's going
38:18to be more probable or stronger than a
38:20market that is going down. Remember this
38:22market going down doesn't mean that the
38:24dollar is getting weak. it actually
38:26means that it's going to be getting
38:28stronger against the euro. So whenever
38:30you are selling EuroUSD or selling any
38:33market, you're basically betting that
38:35this market is indeed getting stronger
38:38than this one. It really comes down to
38:40the way it represents in this battle
38:42well or in any battle. If somebody is
38:45winning, that means that they are
38:47standing up and fighting and if somebody
38:48is losing, they fall down to the floor.
38:51Well, in this market, it's actually the
38:52complete opposite because this fight
38:53never ends. This fight is a forevergoing
38:56market between the dollar and the euro.
38:57Markets going up, markets going down.
39:00And whenever the markets are going up,
39:02that means that the euro is winning the
39:03fight. Whenever the markets are going
39:05down, that means that the dollar is
39:07winning the fight. But at no point does
39:09a fight ever end, the fight is always
39:11going to go on as long as we have both
39:13of these currencies. So whenever the
39:15fight is going down, that means that the
39:18dollar is getting strong, the euro is
39:19getting weak. Whenever the fight decides
39:21to continue to go back up, that means
39:23that then the euro is going to be
39:25getting stronger against the euro.
39:27That's really what it comes down to.
39:28These are two fighters fighting up and
39:30down. And then whenever they're going in
39:32one direction, that means they're
39:33getting strong. Now, what are these
39:35numbers right here, right? What is this
39:37numbers that keep going up and down?
39:39Well, this is actually probably the most
39:41important thing that you need to
39:43understand what it is, but you're never
39:45going to actually use it because you
39:47don't really care what the actual
39:48exchange rate. So these numbers right
39:50here are the exchange rate of the actual
39:53currency pair. And as you can see it
39:55right here on the live market. That's
39:56why it's 1.17.
39:59So $17
40:01is going to equal 1o. That is really all
40:04that this is right here. So this just
40:06lets you know where the market is in
40:09terms of price. And these numbers going
40:10up and down is what's going to lead you
40:12to determine whether okay, I want to buy
40:14or I want to sell. But at no point are
40:16you ever actually going to be looking at
40:17these numbers. These numbers just
40:19reflect what the actual charts are going
40:22to be doing. When we go to the
40:23candlestick charts, these charts will
40:25just reflect on this price right here.
40:28This price is going to reflect on these
40:30charts. So, this right here is what a
40:32currency pair is. It's a battle of both
40:35of these markets 245 for the rest of
40:39history. And whenever one is going up,
40:41that one's winning. And whenever this
40:43one's going down, this one is winning.
40:45There is endless amounts of currency
40:47pairs out there. I personally trade
40:49myself 15 to 20 different ones because
40:51there's just more opportunity on the
40:52more markets that you trade. And there
40:54is more volatile currency pairs. And
40:57then there is less volatile currency
40:59pairs. Obviously currency pairs that are
41:01less commonly known. Let's say like the
41:03noggin, the Mexican peso that don't tend
41:06to have as much volume compared to the
41:09US dollar, to the euro, or to the
41:11British pound. They're going to be a lot
41:13less volatile. Can you still trade them?
41:15Can there still be loads of
41:16opportunities? Of course. But the odds
41:17of you making big moves on those markets
41:20are very unlikely. Can you still do it?
41:23Yes. And I'm going to be educating you
41:24how to properly do that as we continue
41:26to go on throughout this video. I just
41:27first want to teach you exactly what a
41:29currency pair is and how it works
41:31because this right here is what you will
41:32be trading 245. And you need to
41:35understand exactly what you are doing
41:37whenever you are trading these type of
41:39markets. And these right here are going
41:40to be known as the major currency pairs.
41:43You're going to have your euro versus
41:45the dollar, the pound versus the dollar,
41:48the dollar versus the Japanese yen, the
41:50dollar versus the Swiss Frank, the
41:52dollar versus the Canadian dollar, the
41:54Australian versus the dollar, and the
41:55New Zealand versus the dollar. If you
41:57can see a pattern here, they're always
41:59going to have the dollar in it. The
42:01dollar is obviously the one that is the
42:03most respected, the most valued currency
42:05in the market. It is the simple fact and
42:08it is always going to be used against
42:10the next main currency pair. Now, some
42:12people sometimes ask, why isn't it USD
42:14versus euro? And this is just the way
42:16the market's set up. I don't have the
42:18answer to that question. Is there any
42:19point where they're actually flipped
42:21over? I'm going to be completely honest.
42:22No, I have never even considered that.
42:24But even if it were to get flipped over,
42:26let's say it's the USD versus the euro,
42:28it's still the exact same thing. It's
42:30just this time instead of the dollar
42:32reflecting its strength while going
42:35down, it's going to reflect its strength
42:36while going up. Same thing for the euro.
42:39So, everything remains exactly the same.
42:41This is just the way that the currency
42:42market has set it up. So these are the
42:44main currency pairs that you should be
42:47trading. And the reason why you should
42:48be trading these currency pairs is
42:50because one, there's a lot of volatility
42:51in it. Meaning that it is indeed going
42:54to give you lots of opportunities. Two,
42:56since there is a lot of volatility, that
42:58means that there the cost to operate in
43:00these markets are going to be very low
43:02because people are moving constant funds
43:05inside of these pairs. So the cost to
43:07get involved is not that high. And on
43:09top of that, these tend to also be the
43:11trades that have the best moves in the
43:14right sessions. And three, these are the
43:16markets that tend to have the best
43:17moves. Now, when I mean the best moves,
43:19I mean that they actually have proper
43:21moves because other currency markets
43:22that aren't as volatile or aren't as
43:25respected in the market. They tend to
43:27have the most random moves, moves that
43:29cost people a lot of money and it tends
43:31them to lose. Now, I'm not saying you
43:33shouldn't trade uh any other markets
43:36that are not these, but I'm saying that
43:37these markets tend to have the most
43:38respected moves. They don't tend to have
43:40these major spikes. They don't tend to
43:42have these unnecessary fees which end up
43:44potentially taking you out of your stop
43:46loss when price didn't really make it
43:47there. These are all a bit more advanced
43:49stuff and we'll get to that throughout
43:50this whole entire video. And I trade
43:52these other markets all the time. I
43:53trade the most random markets. You know,
43:54I'll trade the Canadian dollar versus
43:56the Japanese yen and find great
43:58opportunities there. But I just have to
44:00understand it a risk associated with
44:02trading in those currency pairs. This
44:04right here are going to be the major
44:05currency pairs and the ones that tend to
44:07have the best price to actually trade
44:10cost less and have the best moves. So
44:12we'll break these down with the actual
44:14strategy and how to actually trade it
44:15later into this video. Okay, so now
44:17moving on to the next subject. Now that
44:19you understand what a actual currency
44:21pair is and you understand that they're
44:23in a constant battle up and down and
44:25that there is a neverending on this
44:27fight and there's never a winner.
44:28There's just some streaks where one
44:30currency is winning and there's another
44:32streak where another currency pair is
44:33winning. Now you now you have to
44:34understand that this battle this fight
44:37has to be reflected based off of
44:39something like we have to see the trail
44:41of this fight. When a currency pair is
44:44going up, it leaves a trail. When a
44:45currency pair is going down, it leaves a
44:46trail. Now we need somewhere to show us
44:50this fight. Now this fight could be
44:52shown in many different formats. You can
44:54see this fight either in a line chart
44:57formation. You can see that the euro for
45:00example is getting stronger then the
45:02dollar gets stronger then the euro gets
45:04stronger again. So this is the line
45:06chart that is representing how this
45:09fight is going. You can also have this
45:11famous bar chart which the bar chart
45:13shows whenever it's green that the euro
45:14is getting strong. Whenever the red bar
45:17comes out that means the dollar is
45:19getting strong. So on and so forth. Then
45:20we have the candlestick chart which is
45:22the most commonly known in the trading
45:24industry which is where you have the
45:26green and red candles and that is the
45:28representation of the fight. So there's
45:30many different types of charts and all
45:33of these charts are representing the
45:35exact same price. This right here is
45:38Euro USD. This is Euro USD and this is
45:41Euro USD. It's just representing the
45:43fights in a different format. The best
45:45analogy that I can give you for this is
45:47for example, let's say Mike Tyson and
45:50Floyd Mayweather are going to be
45:52fighting. Now, you can either watch the
45:55fight in person or you can watch the
45:57fight on TV or you can hear the fight
46:00over the radio or you can simply hear
46:03the fight over a headphone. Right?
46:06You're hearing, watching, you're getting
46:08the exact same feedback on the exact
46:10same fight at the exact same point.
46:12every single point, whether it's on TV,
46:15whether it's in person, whether it's in
46:17radio, whether you're just listening to
46:18it, you're going to be hearing the same
46:20exact thing. Oh, Mike Tyson at this
46:22point was beating and knocked down Floyd
46:25Mayweather. Floyd Mayweather came back
46:27up, hit him with an uppercut, but then
46:29Mike Tyson knocked him out. Whether you
46:30are hearing that, whether you are seeing
46:32that, whether you are just listening to
46:35it, all of these are the exact same
46:38information of the battle of the
46:40currency pair up and down just being
46:42represented in different ways. That's
46:44really all it is. And the most commonly
46:47known one is going to be the actual
46:50candlestick chart. The candlestick chart
46:52is where you're going to actually be
46:53able to trade off of the famous Japanese
46:56candlesticks and actually see patterns
46:58that constantly repeat themselves in a
46:59very effective way. These are going to
47:01be the markets that I'm going to be
47:02educating you guys on on how to properly
47:04execute these trades and actually trade
47:06in these markets. The bar chart is not
47:08mainly commonly known for traders. This
47:10is used for a different type of style
47:12which I'm not entirely sure how it
47:13works. So, I can explain something I'm
47:15not simply educated on. And if up to
47:17this point right now in my trading
47:18journey, I have literally not used it
47:21one single time. I feel like it's not
47:22necessary. I saw maybe 15 videos of this
47:25when I got started in my trading
47:26journey. None of them ever made sense.
47:29And I just simply wasted time and
47:30clouded my mind with information that I
47:32was simply never going to use and was
47:34not going to be effective in my trading
47:36style at all. So then I wasted time and
47:38not giving focus on to what actually
47:40mattered, which was the candlestick
47:41chart. That's what I'm going to do for
47:42you guys in this video. Tell you guys a
47:44little bit of what everything is.
47:45literally only focus on what matters and
47:47can remove the noise of what doesn't
47:49matter. Next, we have the line chart,
47:51which is equally important because this
47:53is going to lead you to understand the
47:54proper market structure on the time
47:58frame or on the market that you're going
47:59to be interested in. Have an
48:01understanding that this right here is
48:03like watching the real fight in real
48:06time. These candlesticks, these wicks,
48:08these moves down, this is like you're
48:10watching the fight in person. and you're
48:12getting the sweat that is falling on
48:14you. If you're sitting first row, you're
48:17hearing the roar of the audience. Like,
48:19you're getting everything as real, as
48:21raw as it gets. No commercials.
48:23Everything is on the spot. Think of the
48:24line chart as if you were to be watching
48:27the fight on TV. And you might be asking
48:29why. Well, it's because this only
48:32creates these structure points once the
48:34market has actually closed. Once a
48:36candlestick has closed, the next one has
48:37opened. Like, this doesn't really
48:39represent a move until it is completely
48:41done. I'm going to be breaking all that
48:42down in just a second, but think of this
48:44as the next step. So, first you have the
48:47live, which is real raw fight. This is
48:49happening in real time. And then this
48:51you get commercials. Maybe you have
48:53maybe it might have a 15 20 second delay
48:55just because of the way it gets
48:56transmitted. But then after that, there
48:59is nothing else that is going to be
49:00important. We're not going to be using
49:02no bar charts and we're not going to be
49:04using the scatter plot. Neither one of
49:06these are going to be useful. They're
49:08just a different way on how to represent
49:09the fight. I am not educated on it at
49:11all. I just wanted to show you different
49:13representations of how the candlestick
49:15chart looks compared to the line chart.
49:18So, now that you understand that the
49:19only two types of charts that you're
49:21going to be focusing on is going to be
49:23the line chart and the candlestick
49:25chart, let me actually just show you
49:26guys how this looks like in real time,
49:28right? So, let me just remove this right
49:30here and let's actually go to the real
49:32markets. So, right now, for example,
49:34let's say we go to EuroUSD. So, we're
49:37going to type EuroUSD here on Trading
49:39View, and we're just going to go to a
49:41random EuroUSD market. Now, don't worry
49:44if you don't know how to use Trading
49:46View just yet. I'm going to help you set
49:47all that up, but I first want to educate
49:49you on how the charts work. So, we were
49:52to click this section up here, you can
49:54tell that we have our bar charts, we
49:57have our candlestick line charts, we
50:00have our hollows. There's many different
50:03ways on how you can determine whether
50:06this market is going to get stronger or
50:08weaker with all of these different types
50:10of formations. So, now that you
50:12understand that, basically the
50:13difference between the line chart, the
50:15bar chart, and the candlestick chart is
50:17really just how the fight in between the
50:19currency pair is represented. Let me
50:22show you this in a realtime chart.
50:24Right? So, for now, we're just going to
50:25move this down, and we're going to head
50:27over to the top section over here of
50:29Trading View, and I'm going to show you
50:31the multiple different ways on how you
50:32can actually look at this fight. Now,
50:35don't worry. Later into the video, I'm
50:36going to show you how to set up Trading
50:37View, which one of these options should
50:39you actually be looking at, cuz I get
50:41it. This can almost seem like
50:42information overload, but I'd tell you
50:44that maybe 50% of the buttons on this
50:46website you're never going to use, and
50:48the other half of it are very simple to
50:49use, right? So, let's start off with the
50:51bar chart. So right now we are looking
50:53at BTC or we can be looking at EuroUSD
50:56or we can looking at any single chart
50:57right. So for us right now since we're
50:59using Euro USD as the example let's go
51:01to EuroUSD and as you can tell there's
51:04many different Eurusds. You have some on
51:07FXCM on GBEN
51:10Forex.com Kraken. Probably wondering
51:12what's the difference between this
51:13EuroUSD and this one. And the only
51:15difference between this EuroUSD and this
51:18one is that it's on a different server.
51:20So this is the FXEM server. So this is a
51:22broker and this broker gets certain data
51:25feeds and it offers Euro USD at a
51:28different price. It's the exact same
51:29market. It's just offered maybe a couple
51:31of points higher, couple of points
51:33lower. It's really the only difference.
51:35But for example purposes, we're going to
51:36go to this one, right? It's all going to
51:38be the same thing. So right now, this is
51:40what EuroUSD looks like on the actual
51:44bar chart. So, if you notice, whether
51:46it's on a bar chart, whether it's on a
51:48line chart, whether it's on a
51:49candlestick chart, you're always going
51:51to have the price be at the exact same
51:53point, 1.17301.
51:56Now, that is on the ICE server. If we
51:59were to go to a different server, which
52:01let me just type it in right here. So,
52:03we have 1.1301.
52:06Let's say we go to capital.com, we have
52:08it at 1.1303.
52:12The exact same chart. It's just points
52:14are minorly up or down. And the chart
52:16might look slightly different. Something
52:18that you probably like barely even
52:20notice. Just going to have little more
52:22structure points here, less structure
52:23points here. The one that I personally
52:26use is always going to be the server. So
52:29for me, the server is the most accurate.
52:31It's based off of one of the main US
52:34regulated brokers in the US and it's the
52:36one that I personally use for simple I
52:39guess you can almost call it like a
52:40superstition reason, but I've never
52:42really used any other one. I'm sure I
52:43can use any other one. They are all
52:45pretty much the same. The points are off
52:47not much. So, back to the line charts,
52:49back to how these different type of
52:51markets work. We'll get into all of this
52:53different broker stuff, different
52:54markets, liquidities, and and how this
52:57stuff works once we get to that point.
52:58Right now I just want to explain to you
52:59the basic points charts, right? So this
53:02is a line chart. So this line chart
53:04right here is exactly what the fight
53:06looks like in between euro and the US
53:09dollar on the line chart. This is what
53:12the fight looks like on the euro versus
53:14the US dollar on the bar chart. This is
53:17what the fight looks like on the euro
53:20versus the US dollar on the line chart
53:22with markers. If you were to look at the
53:24area, if you were to look at the
53:26columns, if you were to look at the high
53:29low, you were to look at the volume
53:31footprint. I guess I don't have this
53:33option, but if you were to look at any
53:34other one, that is exactly how it looks.
53:36This right here is literally the exact
53:39same market movement. It's just the
53:42fight is being represented in different
53:44ways. the most accurate way and the
53:47cleanest way to look at the market and
53:49actually be able to develop a actual
53:51strategy and be able to predict patterns
53:53based off of how I've been doing it for
53:55the last 7 years and I've been teaching
53:57people to do it is based off of the
53:59candlestick. So we come over here to the
54:01trading view and the candlestick is
54:02going to be the next one, the
54:04candlestick chart. Now, I have a
54:06specific indicator which is called a no
54:08gap candlesticks which is very easy to
54:10apply and I'll show you guys how to
54:11apply it right now just so you can do it
54:14once we get to that point. But it'll be
54:16very easy. All you have to do is just go
54:18to indicators, type in no gap
54:21candlesticks, and I'm kind of getting a
54:23little bit ahead of myself here, but
54:25we'll we'll just do it for now. You
54:27click on the no gap candlesticks, and
54:28then once you click on it, it basically
54:30pops up. And that's how you would
54:33implement the no gap candlesticks. Aside
54:35from that, I'll teach you how to
54:36actually adjust it because right now
54:38you're probably having an overlap with
54:40your actual candlesticks. And you know,
54:43I'll teach you how to do that just a
54:44second later into the video cuz I want
54:46to get into the indicators and I also
54:47want to explain to you how this EMA
54:49works, why I use this EMA, which one is
54:52my EMA, so on and so forth. So the
54:54candlestick charts are basically
54:55consisted of multiple different time
54:58frames based off of these candlesticks.
55:00As you can tell over here next to the
55:02type of candlesticks that I have, these
55:04candlesticks are being represented in
55:06different time frames. For example,
55:09right now we are on the 4hour time
55:11frame, meaning this candle right here
55:13closes every 4 hours. So this
55:15candlestick right here, the way it's
55:17being closed right now, has about 38
55:19minutes left. Meaning it has been open
55:21for 3 hours and 20 minutes nearly. This
55:24candlestick closed 4 hours ago, 4 hours
55:26ago, and 4 hours ago. This is what this
55:27market looks like based off of this
55:294hour time frame. If we were to go to
55:31the two-hour time frame for example,
55:34this happens to be a candlestick once
55:36again that is closes every 2 hours. So
55:38every single one of these candlesticks
55:40is 2 hours. This candlestick right here
55:42is the 1 hour closes as well in 38
55:44minutes. All because the market closes
55:47in the next 40 minutes. So a lot of
55:49these candlesticks are going to be
55:50closing at the same time. Next on the 30
55:53minute, this candlestick has 12 minutes
55:55left before this one closes. Every
55:57single one of these candlesticks is a 30
55:59minute candle. Then we have the 15-minut
56:01time frame, which this candle closes in
56:03the next 12 minutes as well. All we have
56:05just done here from the 4 hour or if we
56:08go up to the daily or we go up to the
56:10weekly is we are just looking at the
56:13fight from different points in the
56:16arena. So let's say you're actually in
56:18the fight, right? So, we understand that
56:20there's different ways for you to watch
56:21the fight. You have watching the fight
56:23in person, which would be the
56:24candlestick chart. You have the line
56:27chart, which is like watching it on TV.
56:29And then you have the bar chart, which
56:30is like listening to it on the radio or
56:32having some headphones on. Right? These
56:34are all the different formats for you to
56:36actually watch the fight. Now, we've
56:38decided that we're going to watch the
56:39fight in person because it's obviously
56:41the best one. You're there in real time.
56:42You get real updates and you're there
56:44live. There's nothing like being at a
56:45live fight. Now, where are you sitting
56:48in that live fight? Are you right there
56:50front row? Are you in the middle? Are
56:52you a bit higher on the stands? Or are
56:55you in the nosebleleeds? Which one are
56:56you? That's exactly what these time
56:58frames are right here. The higher the
57:00time frame, the higher you're going to
57:02be in the arena. The lower the time
57:04frame, the closer you are going to be to
57:06the ring. And you can get all the way as
57:08low to 1 second. Meaning you can go to
57:11the one second time frame and you can
57:13literally see every single candlestick
57:14that closes every second. I don't have
57:16that feature unlocked here on Trading
57:18View simply because I don't use that
57:20feature. The lowest time frame I go is
57:22the 15. But with the feature that I
57:23have, you can go all the way up to the
57:25one minute, meaning every single minute
57:28a candlestick closes and you're going to
57:29be seeing every single one of those
57:31details. Believe me, you're never going
57:33to want to be this low into the time
57:35frames. It's just way too detailed. You
57:37can never actually see anything. And
57:39this right here is just a quick
57:40representation to give you a visual of
57:42what I'm talking about. So, we've
57:43decided that we're going to go watch the
57:44fight in person. Now, there's many
57:46different places we could be sitting. We
57:47could be at the skyscrapers, which is
57:49going to be like the weekly time frame.
57:51We could be here in this middle area,
57:52which this is going to be the daily time
57:54frame. Then, we can have this outer
57:55area, which this could be the 4 hour.
57:58This area could be the 2hour. This area
58:00could be the 1 hour. And then this area
58:03up over here can be the 30 minutes. And
58:05this can be the 15 minutes. Speaking
58:07from personal experience, the best area
58:10to actually be sitting on these fights
58:12is going to be the weekly time frame.
58:14Now, you may be asking, Alex, why that's
58:16super far? Well, because from up here,
58:18you can actually see the fight. You're
58:20actually looking from the top down. The
58:22closer you actually get to the arena,
58:24you're looking at it more of a
58:25horizontal way. And I don't know about
58:26you guys, but I wasn't blessed to be the
58:28tallest guy in the room, right? I'm not
58:30super short. I'm 5'9, 510. At these
58:32fights, everybody happens to be giants
58:34and everybody likes to stand in this
58:36area here. So, if everybody's standing
58:38and they're taller than me, I can't see
58:40the fight. And the fight is on a
58:42platform. And since the fight's on a
58:44platform, guess what? Not only can I not
58:47see because there's somebody big on top
58:49of like right in front of me, but then
58:50the fight is also elevated. So, you're
58:52almost looking up. And if the people
58:53were to fall, for example, on this side,
58:56I can't see them at all. Like, you're
58:57just not seeing them. you have to be
58:59looking up directly to the screen to see
59:01what's happening. So, the point that I
59:02want to get to this is don't think the
59:05more detailed you can see stuff and
59:07because something closes every single
59:09minute or every single second that it's
59:11better because you get to see more
59:12details. That's actually completely
59:14false. You want to make sure that you
59:15can be watching in from above and you
59:18can see everything from a higher
59:19standpoint and you can almost see stuff
59:21coming because you're watching
59:22everything as it unfolds. So, this is
59:25how going through the candlestick
59:26formats is right. So, we're looking at
59:28the exact same price, right? So, if you
59:30notice right here, this is EuroUSD. On
59:32the daily time frame, it's 1.1314.
59:37If we go down to the 4 hour, it's the
59:39same 1.1314.
59:41Obviously, the market's moving right
59:42now, so it's going to fluctuate one of
59:43these two points. But if I go down to
59:45the 2 hour, 1 hour, and the 30 minute
59:47quickly, you can see that it's all the
59:49exact same price feed. You're just
59:51looking at it in a much more detailed
59:53format. It's just being represented in a
59:55more detailed. So this 4hour candlestick
59:57right here that we are looking at, it's
59:59being broken down into two candlesticks
1:00:02when we go to the 2-hour time frame. So
1:00:03now it's going to be these two
1:00:04candlesticks right here. Now these two
1:00:06candlesticks are going to be broken down
1:00:08into another candlesticks once we go
1:00:10down to the 1 hour. Now these
1:00:12candlesticks right here, this 1 hour
1:00:14candlestick is going to be broken down
1:00:15to then another 30 minute candlestick
1:00:17once we go down to the 30 minute. So on
1:00:19and so forth. So, what I'm trying to get
1:00:21you to understand here is that when
1:00:22you're looking at the candlesticks,
1:00:24because you go from this time frame to
1:00:26this time frame, doesn't mean you're
1:00:27looking at a completely different
1:00:28market. You're looking at a completely
1:00:29different format. No, you're looking at
1:00:31the exact same fight. You're looking at
1:00:32the exact same market, just in a much
1:00:34more detailed way. And sometimes having
1:00:36those details is good. Sometimes having
1:00:38those details is bad. All that unfolds
1:00:40and it kind of comes together when
1:00:42you're actually executing a strategy and
1:00:44doing proper top- down analysis and
1:00:46executing on the market. And I'm going
1:00:48to teach you guys how to do all that
1:00:49later into this video. Right now, I've
1:00:50just taught you what type of markets,
1:00:52how to break it down, and then the
1:00:54importance of understanding why these
1:00:56time frames are a thing. Right? So,
1:00:58that's only the beginning of these time
1:00:59frames. Now, a lot of you guys may be
1:01:01asking, Alex, okay, cool. I get it. But
1:01:03how does the candlestick actually work?
1:01:05Like, what is this line up here? What is
1:01:08this line down here? Very simple.
1:01:10Picture, we can go down to the one
1:01:12minute time frame to see this as real as
1:01:14it gets. Picture this market right here
1:01:16as this candlestick right now is about
1:01:18to close in the next two seconds. It's
1:01:20going to close right there. And now
1:01:22another one is going to open from where
1:01:24this one closed. As soon as this next
1:01:26candlestick opens from this one that
1:01:28closed, it's either going to go up or
1:01:31down, right? It's really not going to do
1:01:32anything else. Now, this market, as soon
1:01:33as it opened, it went up. Now, if this
1:01:36market in the next 42 seconds, it
1:01:38decides to not move at all, it will
1:01:40close like that. and then another
1:01:42candlestick will open right next to it
1:01:44and it will either continue to go up or
1:01:46go down. But let's say right now that
1:01:47this market decides to have a push to
1:01:50the downside. There's going to be what
1:01:51is called a wick, which is that exactly
1:01:53right there once it actually had a
1:01:55little bit of a retracement, which will
1:01:56look like this. It's going to be a wick.
1:01:58That wick is basically representing
1:02:00where price has been. So, for example,
1:02:02right there, you can tell price has been
1:02:04to that high point. So, if I were just
1:02:06to get a line right here, that is the
1:02:08highest point the body of that move has
1:02:10been. And if this market decides to now
1:02:12have a reversal down and close to the
1:02:14downside, it will close with that wick.
1:02:16So, in the next 2 seconds, we're about
1:02:18to find out if it's going to close with
1:02:19that wick or not. And I believe it has
1:02:22closed with the wick. Right now, since
1:02:23we're headed towards the closure of
1:02:25market, market tends to move, you know,
1:02:27pretty slow. There's just simply not a
1:02:28lot of volatility. But this next
1:02:30candlestick should be opening right now.
1:02:32And as soon as it opens, it's either
1:02:33going to continue going up or come down.
1:02:36And this candlestick will officially
1:02:38have been closed with that wick. And you
1:02:40can see that this next candlestick just
1:02:41opened super quick. Had a push to the
1:02:43downside. And now at one point it was
1:02:45down here. I just literally didn't
1:02:46manage to grab it because I was going
1:02:48back and forth on the time frames, but
1:02:50came down here. Then it went back up.
1:02:51Now this next candlestick, this one has
1:02:53closed here. This one opened, wicked up.
1:02:56Now it's wicking back down, wicking back
1:02:58up. So what this line is, what this tail
1:03:00is, what this hair wick, whatever, what
1:03:03the proper name is a wick. This right
1:03:05here is a wick, but many people have a
1:03:06lot of creative names for it. All this
1:03:08right here is just the history of where
1:03:10price has been. So right now this
1:03:12candlestick is currently creating that
1:03:14wick right now. It's currently creating
1:03:15that high created up to that point. And
1:03:17if it closes right here, that is where
1:03:19the trail of the candlestick has been.
1:03:22This is the market showing us how the
1:03:25market is moving. Is it moving very
1:03:26aggressively to the upside? Is it
1:03:28rejecting this area? Because this wick
1:03:30right here is shown as a sign of a
1:03:32rejection. Clearly price was bullish or
1:03:35this candlestick was completely filled
1:03:37all the way up to this point. But
1:03:38something happened in the market that it
1:03:40pushed it down. In turn, that should
1:03:42then mean that it should continue to be
1:03:44pushed down. For example, that closed
1:03:45with a small wick at this area. So that
1:03:47means that the sellers aren't as strong,
1:03:50but now we have very strong sellers
1:03:52coming into this area. Now, for example,
1:03:53so let's say this market closes with the
1:03:56wick all the way down here and out. And
1:03:58you can see how this market can wow this
1:04:00is you know moving very aggressively but
1:04:02this is showing you guys how the markets
1:04:04can move how fast it can move even
1:04:05though we are in the last couple of
1:04:06hours of the markets. This right here if
1:04:08it somehow reverses and it has a push to
1:04:10the upside then this would have a very
1:04:12big wick right it could look something
1:04:14like this. But see this right here is
1:04:16continuously pushing down this market.
1:04:18And if wherever it closes this wick is
1:04:20doing the trail of where that market has
1:04:23been. Now that wick is equally as
1:04:25respected when it comes to the 1 minute
1:04:27time frame, 15-minut time frame, 1 hour
1:04:30time frame, daily, 4 hour. These are all
1:04:32different types of wicks that are being
1:04:34created. So, as you can tell on the 1
1:04:36minute time frame, that might have
1:04:37looked like a massive bearish
1:04:39candlestick, but you look at it right
1:04:41here in the 4 hour and this 4 hour looks
1:04:43pretty much exactly the same from when
1:04:44we started talking about this subject a
1:04:46couple of minutes ago. So that's why the
1:04:48lower time frames it might seem like a
1:04:50very big wow move but in reality it
1:04:53doesn't affect any of the higher time
1:04:55frames. Are the lower time frame used in
1:04:58order to determine a trade and do they
1:04:59go in sync with the higher time frames?
1:05:01Absolutely. But there's a way there's a
1:05:03time and a place to actually execute
1:05:05that correctly. But if you can tell that
1:05:07one minute big bearish candlestick looks
1:05:09like it might have had this fall off a
1:05:12cliff. But then when you go look at it
1:05:13back to the 4 hour time frame, this
1:05:15literally looks exactly the same from
1:05:17when we actually started trading. But I
1:05:18just want you guys to understand what
1:05:20these wicks are. That means that the
1:05:21market at one point it was a completely
1:05:24bullish candlestick into this area and
1:05:26then something drove price all the way
1:05:28down and then it ended up closing here.
1:05:30Once it closed here, this candlestick
1:05:32opened, had its move up and down,
1:05:34created that history. This is where this
1:05:36market closed. Then this one opened up,
1:05:39had its history, it closed, and then
1:05:41this is where this one opened up, had
1:05:43this push up, and as of right now, it's
1:05:45right here. And then next 24 minutes,
1:05:47this candlestick will close. And then
1:05:49another one will open and either have
1:05:50its push up or down or however it ends
1:05:52up closing. But once one candlestick
1:05:54closes, another one opens right next to
1:05:56it. And this will be the neverending
1:05:58battle of the market. And our job as
1:06:00traders is to determine what that next
1:06:03move is going to be and let's us
1:06:04capitalize off of that move because
1:06:06these market opportunities and these
1:06:08this battle is a never-ending battle.
1:06:11All right. So now moving on to the next
1:06:12subject. Now that you understand that
1:06:14the candlestick chart is like watching a
1:06:16fight. That is the way that it's being
1:06:18represented. And the closer you are to
1:06:21the arena which is the lower the time
1:06:23frame you are means the more precise
1:06:25you're watching the fight. The higher
1:06:26the time frame you are, the higher you
1:06:28are actually watching the time frame,
1:06:30but you're watching the exact same
1:06:32trade. You're watching the exact same
1:06:33market. You're watching the exact same
1:06:35fight. It's just being represented in a
1:06:37much more detailed format. Your USD, you
1:06:39could be watching on a daily, 1 hour, 30
1:06:41minute. You're just looking at in a much
1:06:42more detailed format. And now you know
1:06:44what those wicks are and how the
1:06:45candlestick leaves those trails, so on
1:06:47and so forth, right? But I want to
1:06:49explain to you now the actual trading
1:06:51sessions when it comes to the strength
1:06:54of the time to actually be watching that
1:06:56fight. When is the right time to
1:06:58actually be there and be involved?
1:07:00Because if not cuz you know to be honest
1:07:02you can't really be involved 24/7 even
1:07:04if you wanted to because you're going to
1:07:06be there at times where there will
1:07:08simply be absolutely no volume where
1:07:10you're just going to waste your time and
1:07:12the people are going to be tired. Right?
1:07:14So, the best way I could put the
1:07:15analogy, and I love my analogy
1:07:16sometimes, but I feel like they're just
1:07:18too precise that I I I forget to go back
1:07:20to trading. If people are fighting,
1:07:23there's going to get a point where
1:07:24they're going to get tired, right? And
1:07:26if they're tired and, you know, they're
1:07:27drinking water, they're stretching,
1:07:29they're eating food, you know, that's
1:07:31pretty boring, right? You want to see
1:07:32blood, you want to see somebody get
1:07:34knocked out, you want to see somebody
1:07:35lose a tooth. That only happens at
1:07:37specific times. That's after they
1:07:39rested. That's after they're well eaten
1:07:41and they're actually ready to fight. And
1:07:43that only happens at specific times,
1:07:46right? That's that that's exactly what
1:07:47I'm talking about in the market. Yes,
1:07:49you want the market to have these big
1:07:50massive moves to the upside, these big
1:07:52swings, and you want to catch these big
1:07:54trades, but that doesn't happen all the
1:07:55time. Like the market gets tired. The
1:07:57market has movements at only specific
1:07:59times. So, these are the highest volume
1:08:03sessions and then these are the slowest
1:08:05volume sessions. So, we're going to
1:08:06start off with the Sydney session. So,
1:08:09we have Sydney session and Tokyo
1:08:11session. So this tends to happen around
1:08:135 to 6 7 8 9 10 11 12 EST. So this is
1:08:19basically the afternoon. This is when
1:08:21people finish their 9 to5. This is all
1:08:23of the afternoon. And as you can tell,
1:08:26the lighter the color, the less the
1:08:28volume session. The darker the color,
1:08:30the more session there is. This right
1:08:32here is exactly when the fighters are
1:08:34taking a break. They're stretching.
1:08:36They're eating. They're cleaning up
1:08:38their sweat. They're closing up their
1:08:40wounds. They're taking a break. So, if
1:08:42you are in front of the arena at this
1:08:44time, you are simply watching nothing.
1:08:47Yeah, they're going to be there, you
1:08:49know, cleaning up one another. They
1:08:50might be talking smack back and forth,
1:08:52but they're not fighting. You're not
1:08:53going to see blood, right? Cuz there's
1:08:55no volume. You can be in front of the
1:08:56markets at this time. Yes, it's going to
1:08:58be moving. It's going to be creating
1:09:00little moves up and down like this,
1:09:01exactly how I just showed you, but
1:09:03you're not going to have those big
1:09:05swings. Why? Because there is no volume.
1:09:07There's no volume in Sydney session or
1:09:09Tokyo session. There is absolutely no
1:09:12volatility there. Is there a oneoff
1:09:14moment where there could be a a quick
1:09:17pump that happens there? Yes, that can
1:09:19be one in every 20 trading days. But are
1:09:22you going to be in front of the arena
1:09:25knowing that one out of 20 trading days
1:09:28one guy might just get up and sucker
1:09:30punch the other guy? Probably not,
1:09:32right? You don't want to bet your money
1:09:33on that. The odds of that happening are
1:09:35unlikely. Just whenever it happens,
1:09:36you'll watch the video and it pops up
1:09:38and then usually they'll go back to
1:09:40fighting in just a couple of hours. Is
1:09:42there going to be a time where you're
1:09:43not looking at the markets in the
1:09:44session and it has a moves? Yeah, sure.
1:09:46But that's not that wasn't your time to
1:09:48be watching the market anyways. So,
1:09:50Sydney and Tokyo session are going to be
1:09:52the sessions that you are not going to
1:09:54be trading. You're not going to be
1:09:55interested at executing any trades. I
1:09:58use these time frames right here to go
1:10:00do stuff with my life. I go and work
1:10:03out. I go and try and have a life that's
1:10:05not just staring at the charts.
1:10:07Beginning of pre-London session and then
1:10:10we have all of London session. This is
1:10:13when the battle begins. This is where
1:10:15things start getting very, very, very,
1:10:17very rough. Now, I would argue that this
1:10:20chart is a bit inaccurate. I'd say this
1:10:22could be a little bit darker, maybe a
1:10:23little bit more this way. But this right
1:10:25here begins from 1 in the morning. So,
1:10:28at 1:00 in the morning, I start doing my
1:10:30pre-London analysis session because
1:10:32London session opens right at 3:00 in
1:10:34the morning. And pre-London, which is
1:10:361:00 a.m. to 2:00 a.m., there already
1:10:38starts to be some volatility and the
1:10:40market starts to move very well. Then
1:10:42you obviously have all of London
1:10:44session, which lasts from 3:00 in the
1:10:46morning all the way up to around 12:00
1:10:49p.m. EST. Now, there's something
1:10:51beautiful that happens inside of the
1:10:53currency market at this point right
1:10:55here, and that is that the New York
1:10:57session happens to open up in the same
1:11:00time that the London session is ongoing.
1:11:03So, London session opens up at 8:00 in
1:11:05the morning, and it overlaps the London
1:11:07session, creating this extremely
1:11:10volatile point in the market. So I like
1:11:13to enter my trades either pre-London
1:11:15session or during London session. So
1:11:18then the trade has good volatility. It
1:11:20starts going in my direction and then
1:11:22once New York session kicks in, it just
1:11:25adds more fuel to the fire which ignites
1:11:28it even more and gives it more of a
1:11:30movement. And then typically right
1:11:32around the ending of London session,
1:11:35halfway through New York session, the
1:11:37market starts to slow down again and
1:11:39then things start to just not get any
1:11:41volatility. The market takes a break for
1:11:43a couple of hours and then the pattern
1:11:45repeats itself. This will repeat itself
1:11:47from Monday to Friday every single day.
1:11:50Now the key point here that you need to
1:11:53understand is that there is
1:11:55realistically only a window that you
1:11:57need to be involved into the market. You
1:11:59can only get involved in the market from
1:12:011 in the morning all the way up to
1:12:04around 10:30 in the morning. And some of
1:12:07you guys may be asking, "But wait, Alex,
1:12:09there's still some volatility over here
1:12:11where the New York session and the
1:12:13London session overlap." It's like, yes,
1:12:15correct. Yes, there's still going to be
1:12:17some fights going down here. It's still
1:12:18going to be aggressive, but it's it's
1:12:20headed towards the end of that. And you
1:12:22don't want to enter a trade while it's
1:12:24being extremely volatile and then what
1:12:27ends up happening is that it slows down
1:12:29for the next 10 hours because at let's
1:12:32say you enter a trade at around noon,
1:12:34right? You're not going to be having any
1:12:36volatility for the next nearly 10 hours.
1:12:381 2 3 4 we have 10 11 12 11 hours.
1:12:42You're going to have absolutely no
1:12:43volatility in your trade. Does it make
1:12:45sense to enter a trade that is not going
1:12:48to have any movement for the next 11
1:12:50hours? Not really. And you're going to
1:12:52pay an unnecessary fee once the market
1:12:54closes and then opens up again because
1:12:56every single day at 5:00 p.m. EST the
1:12:58market closes, it opens up literally for
1:12:59like 1 minute. And then what ends up
1:13:01happening is you have to pay a swap, you
1:13:03have to pay commission fees for holding
1:13:04trades overnight. And it just come not
1:13:07only does it cost more money to do that,
1:13:08but then you just have trades that are
1:13:10going to be in the same point for the
1:13:12next 11 hours. And there's nothing more
1:13:14that I hate than looking at my money do
1:13:17nothing, right? I either want my trade
1:13:18to hit my stop loss or hit my takeprofit
1:13:21right away. I don't want to be in the
1:13:22same exact point of the market just
1:13:24being still for the next 11 hours. So,
1:13:26you want to enter the trade either right
1:13:28before the session starts to kick in,
1:13:30either right in the middle of London
1:13:32session, right before the real batter
1:13:34starts to kick in inside of that battle
1:13:37or right before it starts to drop off.
1:13:39You can enter a trade anywhere 9 10 in
1:13:41the morning and then you can catch the
1:13:43ending of the overlap of London and New
1:13:46York session. Anything after 10 in the
1:13:49morning I have not taken a trade after
1:13:51that time. I can't even remember. I
1:13:53think it's been 4 years since I have
1:13:55taken a trade past 10:30 in the morning.
1:13:57Now once again is there going to be an
1:13:59example? is going to be a 1 out of 20,
1:14:01one out of 30 probability that the trade
1:14:04that you would have taken at, let's say,
1:14:0612:00, it actually ends up hitting your
1:14:08takerit by 8:00 p.m. Sure, of course,
1:14:12there's always going to be these one-off
1:14:13opportunities. But that is not how you
1:14:15build a sustainable, profitable
1:14:18strategy. That is a strategy that you
1:14:21follow time and time and time and time
1:14:22and time again. This is something that
1:14:24is proven system that it simply just
1:14:27works. You get involved before the
1:14:29session kicks in either right in the the
1:14:32middle of it in the middle of the peak
1:14:34over the overlap or right before the
1:14:37ending session of that. This has led me
1:14:40to have my biggest trade. I think I my
1:14:42biggest trade is like half a million
1:14:43dollars. This is what led me to be able
1:14:45to have that trade. This also led me to
1:14:47be able to avoid many losses. Because if
1:14:50you are only focused in trading about,
1:14:52let's say, six to seven hours out of the
1:14:55whole entire trading day, you're really
1:14:57only focused on a very specific time
1:14:59right here. And I know this tends to be
1:15:01an issue because a lot of people tend to
1:15:02be at jobs anywhere from or either at
1:15:05jobs or sleeping from 1:00 in the
1:15:07morning to about 10:00 in the morning.
1:15:09Like this is a crucial time right here.
1:15:11But I will tell you this, the sacrifice
1:15:13is definitely worth it to be involved in
1:15:15between these time frames right here.
1:15:17From 1 in the morning to 10 in the
1:15:18morning, EST is the most accurate times
1:15:21for you to be trading. Anything outside
1:15:23of this time frames right here, I could
1:15:25guarantee you, you will not have
1:15:26anywhere near as much volatility. It
1:15:28just simply does not happen. The two big
1:15:30banks are going to be closed and you're
1:15:32just not going to have enough volume.
1:15:34And this is goes especially to the
1:15:36markets that have the US in it. any
1:15:38markets that have the dollar for example
1:15:40let's trade let's say you're trading
1:15:41euro USD if the euro if the dollar is
1:15:45asleep and the banks are closed how do
1:15:47you expect for that to have any movement
1:15:49in this session over here so this goes
1:15:52specifically to those markets like
1:15:54GBPUSD eurousd anything that bols that
1:15:57involves the USD if the USD market is
1:15:59asleep or it is not open it's not going
1:16:02to have any volatility can you still
1:16:04trade USD markets in the London session
1:16:07cuz technically the London session
1:16:08hasn't opened. Yes, actually it's even
1:16:10better cuz let's say you trade EuroUSD
1:16:13or GBPUSD. You're trading the pound
1:16:16right when the market opens over there
1:16:18and then when New York session opens,
1:16:20you get double the volatility with the
1:16:22same exact currency pair. That right
1:16:24there is the golden ticket to having the
1:16:26perfect moves. Now, you obviously need
1:16:28to align that up with a strategy. You
1:16:30need to know what you're looking at in
1:16:31the charts. Just because it's 1 in the
1:16:33morning, you can't just click buy or
1:16:34click sell and expect to make money. Can
1:16:36you get lucky? Sure. But that's not once
1:16:38again how you have a sustainable income
1:16:40while you're trading. So to sum things
1:16:42up, yes, the markets are open 245 and
1:16:45technically you could go and execute a
1:16:47trade at any one at those hours. You can
1:16:49literally go and hit the buy or sell
1:16:51button at any time you want. But there
1:16:53is going to be a high chance that if you
1:16:55are not in the correct session that you
1:16:57one are going to pay unnecessary fees,
1:16:59and two, you're going to be stuck in a
1:17:00volume that is going to simply have no
1:17:02movement. I want to make sure that I can
1:17:04enter a trade when there's going to be a
1:17:06lot of movement and the odds of my trade
1:17:07winning are going to be a lot higher.
1:17:09So, this right here is the currency
1:17:11market trading session. And this works
1:17:13for every single currency per hour
1:17:15there. Whether it is AUD, JPY, USD, JPY,
1:17:19Euro AUD, everything is always going to
1:17:21fall inside of this trading session
1:17:23right here. That is going to be the
1:17:25session that is going to create the best
1:17:27movements at any given point. And the
1:17:29key of it is so you know how to put that
1:17:31together with a profitable strategy. And
1:17:33I'm going to be teaching you that in the
1:17:34next couple of hours. All right. So now
1:17:36moving on to the next subject. Now that
1:17:37you understand that you actually need to
1:17:39be trading in a proper session and where
1:17:41you need to be in that fight, you got to
1:17:42make sure you're there at the right
1:17:44times. But now you're probably asking,
1:17:45"All right, Alex, I get it. But what do
1:17:47I need in order for me to actually go
1:17:49and execute a trade in these markets?
1:17:51What do I have to actually do so I place
1:17:53a bet on the fight? I think I got the
1:17:55potential fighter that I think is going
1:17:57to win for the next couple of rounds.
1:17:58What is the actual platforms that I can
1:18:00go and execute that buy position or that
1:18:02sell position? Well, it's actually very
1:18:04simple. You realistically just need
1:18:06these three platforms right here. So,
1:18:08the first platform that you're going to
1:18:09need is going to be Trading View. So,
1:18:11Trading View is what we've been on
1:18:12pretty much this whole entire time.
1:18:14Trading View is where the actual charts
1:18:16are going to be represented. Trading
1:18:17View is where you're going to analyze
1:18:19the charts and determine if you want to
1:18:21either buy or sell the market. Trading
1:18:23View is where you're going to do your
1:18:24top down analysis, where you're going to
1:18:26mark up your charts. This is where you
1:18:28see all these traders with these fancy
1:18:30lines with you see them with these
1:18:32boxes. You see them with these wins and
1:18:34all of these losses. This is where
1:18:36you're going to see traders with
1:18:37drawings and where they analyze their
1:18:39trades and have notes based off of what
1:18:41type of trade they're executing and
1:18:43where it meets their strategy. So once
1:18:45you've analyzed here on your actual
1:18:47charts that you want to determine that
1:18:49you want to buy or sell a market, you
1:18:50then need to go to a broker. So, let's
1:18:52say right here you've been watching the
1:18:54fight for the last 5 minutes, 10
1:18:55minutes, and you're like, you know what?
1:18:56I see Mike Tyson that he's strong. I see
1:18:59Floyd May that he's weak or vice versa.
1:19:01And for you to go ahead and place that
1:19:03bet, you have to literally get up from
1:19:05the fight and you have to go to the
1:19:06betting station at these fights, you go
1:19:08ahead and place your bet, and then you
1:19:10go back down and then you watch the
1:19:11fight. This is pretty much the exact
1:19:13same thing. So, on Trading View, you're
1:19:15analyzing your charts. you determine
1:19:17that you want to bet that the euro is
1:19:19going to get stronger than the dollar or
1:19:20that the dollar is going to get stronger
1:19:21than the euro. So, you get out of
1:19:23trading view and then you are going to
1:19:25go to a broker. So, a broker is where
1:19:27you're going to go ahead and give them
1:19:28the money and then you're going to
1:19:29execute your trade uh based off of what
1:19:31you want to do. So, I recommend many
1:19:33different brokers. One of the brokers
1:19:35that I recommend is going to be LQ
1:19:37Markets. This broker accepts traders.
1:19:39They have a 1 to500 leverage. You can
1:19:41start off with small $10 deposit. They
1:19:44have many different types of accounts
1:19:45that you can go ahead and use with them.
1:19:46And another just in case if you don't
1:19:48like LQ Markets for whatever reason. I
1:19:50also recommend OneX Trade. This is
1:19:52another platform or another broker that
1:19:54I would recommend. Also, pretty cool
1:19:55features of them is that they have these
1:19:57lotsiz calculators. You can
1:19:58pre-calculate your risk on your
1:20:00positions here. And I'll explain all of
1:20:01that in just a second. But basically,
1:20:02once you were to deposit your funds into
1:20:04the broker, now can you actually go and
1:20:06execute the trade on the broker? The
1:20:08answer is no. You cannot. for you to go
1:20:10ahead and execute the position. The
1:20:13broker is going to then take that
1:20:15position into a marketplace. So this
1:20:17right here, what the broker does is like
1:20:19the middleman from the real marketplace.
1:20:22So there's a real marketplace slash
1:20:25liquidity and us as retail traders as we
1:20:29are, even including myself, whether it's
1:20:31my experience or how good of a trader I
1:20:33am, I am still a very small fish inside
1:20:35of this industry. So, what the broker is
1:20:37going to do is the broker is going to
1:20:40take your funds and whenever you place a
1:20:42position, then they're going to go ahead
1:20:44and then feed it to the real market
1:20:46because then the real market is going to
1:20:48then feed it back into the broker. So,
1:20:50what the broker is, it's like the
1:20:52middleman of the real markets. So,
1:20:54whatever you're seeing here in the
1:20:55markets, which is, let's say, 1.17312,
1:20:59they get that offered at a different
1:21:01price. Let's say they get it offered at
1:21:021.730.
1:21:04So, what the broker is going to do is
1:21:05they're going to charge you a spread.
1:21:06They're going to charge you a fee for
1:21:08them entering that position into the
1:21:10real market for you. And that's the
1:21:12broker game. Some brokers charge you
1:21:14higher fees than others. That's why I
1:21:15have two of them cuz sometimes these
1:21:17fees range. Some of them charge fees for
1:21:19holding positions every single day
1:21:21because they are the ones that are going
1:21:22to go ahead and actually execute your
1:21:24trade into the real market. And then
1:21:26based off of your results, whenever you
1:21:28decide to close your position, whether
1:21:30you win or lose, the market feeds it
1:21:32back to the broker. and then the broker
1:21:34feeds it right back to you. The broker
1:21:35is the middleman for you to get access
1:21:37to the real markets. You cannot get
1:21:39access to the real markets without a
1:21:42broker unless you're a bank. And I right
1:21:44now have no possibility to be a bank.
1:21:46You need tens of millions of dollars for
1:21:48that. You need proper licensing. And
1:21:50truthfully, I rather pay the broker the
1:21:52couple bucks that it takes for them to
1:21:54connect my trade into the market. It
1:21:56makes things far easier. Now, you can't
1:21:58go ahead and execute the trade on the
1:22:01broker itself. The broker is like the
1:22:03bank. So, picture this right here as if
1:22:05it were to be Chase Bank or as if it
1:22:07were to be Wells Fargo. Now, when you go
1:22:09send money from Chase Bank or whenever
1:22:11you go pay somebody from Chase Bank to
1:22:13Wells Fargo, you're not going to be
1:22:15paying them via Chase Bank. You're going
1:22:17to be paying them either PayPal or Zel
1:22:20or Stripe. It's going to be a payment
1:22:23processor that's going to process your
1:22:25payment to somebody else. Can you do a
1:22:26wire transfer? Can you do all of these
1:22:28other stuff? Yes. But we're going to use
1:22:30the example of using these third-party
1:22:32merchants that actually send money back
1:22:34and forth. So when you go to the broker,
1:22:36the broker accepts your funds and then
1:22:39when you're going to go ahead and
1:22:40execute a trade, which is going to be
1:22:42like sending money, you're then going to
1:22:44use a platform called MetaTrader 5. So
1:22:46MetaTrader 5 is going to be the platform
1:22:49that you are going to actually execute
1:22:51your position on. So you first go to
1:22:53Trading View, you determine if you want
1:22:55to enter a trade or not. You deposit
1:22:57funds into the broker. The broker is
1:22:59like a bank. You can just have funds in
1:23:01there just chilling. And then whenever
1:23:03you're ready to go ahead and execute the
1:23:04trade, you go to MetaTrader. So once you
1:23:06deposit money into the broker, you
1:23:08pretty much skip the broker every single
1:23:09time because you just go from the charts
1:23:12straight to the platform to go ahead and
1:23:13execute the trade. Once you are in
1:23:15Trading View to execute the trade,
1:23:16simply click buy or sell. That's pretty
1:23:19much it. So here, based off of your
1:23:21analysis that you did on Trading View,
1:23:23you're going to go ahead and then
1:23:24execute the trade at this point. So,
1:23:26simplest analogy that I can put is
1:23:28you're watching the fight. After the
1:23:29fight, you go to the little betting
1:23:31station at the arena. And then from that
1:23:33betting station, they're going to give
1:23:35you a little piece of paper. The little
1:23:36piece of paper is your slip that you've
1:23:38just betted on. And this is basically
1:23:40what your slip is going to be. So, this
1:23:42is where you're going to be able to see
1:23:43if your trade is in profit, if your
1:23:45trade is in loss, and whatever directly
1:23:47is reflected off of MetaTrader 5, then
1:23:50it's going to go right back into the
1:23:51broker. So, no money is ever inside of
1:23:53MetaTrader 5. MetaTrader 5 is just a
1:23:55platform that represents the positions
1:23:58that you've actually executed on the
1:24:00broker. Some brokers offer MetaTrader 5,
1:24:02some brokers don't. Doesn't really
1:24:03matter if they do or if they don't. This
1:24:05is just simply one of the actual ways
1:24:07for you to execute the trades into the
1:24:09market. There is hundreds of difference
1:24:11of platforms for you to execute trades
1:24:13in the markets. There's hundreds of
1:24:14difference of brokers out there. And all
1:24:16this platform really does is just the
1:24:18most commonly known one and the one that
1:24:20I personally use. This is just the main
1:24:21known one for you to be able to go ahead
1:24:23and execute those positions on there. So
1:24:26this MetaTrader 5 is never like this is
1:24:28not a broker. This is just one of those
1:24:30payment processors. If you go ahead and
1:24:32try and pay somebody with PayPal, you
1:24:34can go ahead and then use Stripe. If you
1:24:36Stripe doesn't work, you'll use Zel. If
1:24:38Zel doesn't use your try something else,
1:24:40right? It's just it's a different
1:24:41platform to just execute the trades on.
1:24:44But the money will always be inside of
1:24:46the broker. It's just reflected on this
1:24:49platform right here. Basically, win or
1:24:50lose money then you know goes back into
1:24:53the broker and then there you can decide
1:24:54to withdraw. Take it to your bank, take
1:24:56it to an exchange, take it to wherever
1:24:58and then you simply just withdraw your
1:25:00funds. So these are the only tools you
1:25:02are going to need for you to actually be
1:25:04able to be ready to take a trade. You
1:25:06analyze the markets on Trading View.
1:25:08Then you go ahead and have your broker
1:25:11of choice. I recommend both of these
1:25:13brokers. Is there hundreds of other
1:25:14different brokers out there? Yes. I
1:25:16personally like these two brokers simply
1:25:18because they offer higher leverages and
1:25:20for the type of account flips that I
1:25:22personally do. You know, I've taken very
1:25:24small amounts of money to very large
1:25:25amounts of money. It's very hard to do
1:25:27that on heavily regulated brokers simply
1:25:30because if something is heavily
1:25:31regulated, they will not allow that high
1:25:34leverage and I would much rather have my
1:25:36funds on a broker that lets me have more
1:25:39access to my funds and I'm able to
1:25:41actually leverage it more. So that's
1:25:43what these two brokers offers. trusted
1:25:45brokers in my opinion. I've been using
1:25:47them for a very long time and they're
1:25:49not the best ones. I'm sure there's
1:25:50others out there that offer different
1:25:52fee structures, um, different commission
1:25:54structures and I leave you go to go
1:25:56ahead and do your own due diligence on
1:25:57it. But these are the both brokers that
1:25:59I recommend and I have been using for
1:26:01some very long time. And then same thing
1:26:03with MetaTrader 5. Is MetaTrader 5 the
1:26:05end all beall platform where you can go
1:26:07ahead and execute your trades? No.
1:26:08There's hundreds of different trading
1:26:10platforms out there that you can go
1:26:12ahead and execute your positions on.
1:26:14Metatrader 5 is just the most commonly
1:26:16known one that everybody's probably seen
1:26:18it. This is like a PayPal. You're going
1:26:20to send money from one friend to
1:26:21another. You're going to do it through
1:26:23PayPal. And if not, it's a different
1:26:24one. At the end of the day, what matters
1:26:26is that the money is sent through. At
1:26:27the end of the day, what matters is that
1:26:28the trade is actually executed. That's
1:26:30pretty much it. Now, if you want to
1:26:31withdraw your funds in crypto and then
1:26:33you want to take it from crypto to your
1:26:35bank account, there's many different
1:26:36exchanges. You know, you have the
1:26:37biggest ones which are Coinbase, you
1:26:39have Binance, you have Kraken. There's
1:26:41many different exchanges that you can go
1:26:42ahead and send those funds to and then
1:26:44from there you take it to your bank.
1:26:45Now, how can you deposit into the
1:26:47brokers? You, you know, these brokers
1:26:49take credit, debit card or they can send
1:26:51them a BTC, crypto, however you want.
1:26:53So, it's however you want to deposit the
1:26:55funds into the broker. But these are the
1:26:56only trading platforms you are going to
1:26:59need for you to be able to execute a
1:27:01trade successfully. There is hundreds of
1:27:03different other platforms out there,
1:27:05right? There's hundreds of different
1:27:07other, you know, web links, hooks that
1:27:10you can add, but I guarantee you, you do
1:27:12not need anything else aside from this
1:27:15right here. This is my window of
1:27:17trading. And these are the only tabs
1:27:19that I will ever have open. My trading
1:27:21view, the brokers that I use, my
1:27:23checklist for my strategy, my community,
1:27:26and last but not least, Forex Fac. Forex
1:27:29Factory, as you can tell, is the last
1:27:30one on my list. Not because it is the
1:27:33least important, but because it is the
1:27:35one that I potentially use the least.
1:27:37And that is because this right here is a
1:27:39fundamentals tab. So Forex Factory is
1:27:43mainly driven by fundamentals. So as you
1:27:45can tell here, if we were to click on
1:27:47the calendar section of Forex Factory,
1:27:49we're going to have all of these
1:27:50potential impact news that are going to
1:27:53pop up. And as you can tell, what we
1:27:55have is if I were to just go back one
1:27:58time, this lets us know the exact date
1:28:01and time when news are going to come out
1:28:03for a specific currency. And the color
1:28:06of this folder is the importance of it.
1:28:08So something that is a red folder is far
1:28:10more important than something that's an
1:28:12orange folder. And obviously we have
1:28:14yellow folders and then gray folders,
1:28:15but I simply just don't use them because
1:28:17they obviously are very slightly like
1:28:20they don't impact the market at all. So,
1:28:21I always like to focus on the red
1:28:23folders, but this is the only other
1:28:25platform if it causes any possible
1:28:28curiosity for you to understand the
1:28:30fundamentals. And I'm going to break
1:28:31down the difference between fundamental
1:28:33trading and actual technical trading
1:28:35later on into this video. But this is
1:28:37the only other platform that is going to
1:28:39be needed. Here you can literally see
1:28:41what the forecast of the fundamentals
1:28:43are going to be, what it was previously,
1:28:45and then what it actually was. And as
1:28:47you can tell, for the majority of the
1:28:48part, it really is never that much off.
1:28:51And these doesn't really create any big
1:28:53impacts into the market. These are all
1:28:55very minimal. Even the big red folders
1:28:57don't really have a big impact on the
1:28:58market. It happens occasionally, but
1:29:00it's not a way for you to actually
1:29:02create a profitable strategy. So, these
1:29:04are the main trading tools, the main
1:29:05trading platforms that you're going to
1:29:07need. The last but not least will be
1:29:08forexfactory.com. That is just for you
1:29:10to understand the actual fundamentals of
1:29:13the trade. Aside from that, you do not
1:29:14need any other trading platforms. You do
1:29:17not need any other tools. You don't need
1:29:19anything else. All you need is just your
1:29:21trading view. You need your broker and
1:29:23then you need the platform for you to
1:29:24actually execute the trade. And that is
1:29:26it. So now taking this a step further,
1:29:28I'm going to actually show you guys how
1:29:29to create an account on a broker and how
1:29:31easy it is to deposit into it. So right
1:29:33now we're watching the fight. Euro USD
1:29:35is going up and I see that Euro is going
1:29:37to get stronger. Let me go ahead and buy
1:29:39the euro. So we're going to put the
1:29:41example on 1xtrade.com. So go to 1
1:29:43onxtrade.com. I created a random demo
1:29:46account. Just used a random email and
1:29:48this is the portal inside. So, some
1:29:50people sometimes get tempted or some
1:29:52people get skeptical by this, but it's
1:29:53very easy process. It's very seamless
1:29:55process, right? So, right here, as you
1:29:56can tell, it's a brand new account.
1:29:58There's no real transactions. There
1:29:59really isn't anything. Dashboards are
1:30:01super simple because everything is
1:30:02straight to the point. All this is right
1:30:03here is like a bank. The money is going
1:30:05to reflect here how much you deposited,
1:30:07how much you've profit, and how much
1:30:09you've withdrawn. Very simple. and where
1:30:10you see the actual trades, where you see
1:30:12the actual P&L, all of that is going to
1:30:14reflect on MetaTrader. So, we're going
1:30:16to go one step at a time. So, right here
1:30:17we have 1xtrade.com. This is the
1:30:19dashboard. And let's say we want to go
1:30:21ahead and deposit some funds. For us to
1:30:23deposit some funds, we need to go ahead
1:30:25and create an account. Once we create
1:30:26one of these accounts, we can pick from
1:30:28either a standard, a commission free, or
1:30:30an expert account. For this example,
1:30:32we'll just go with a standard. The
1:30:34difference usually tends to be minimal.
1:30:36And we're going to go with a 1 to 500
1:30:38leverage, right? Very easy, very simple.
1:30:40This is the max leverage that they
1:30:41offer. I'm going to explain what
1:30:42leverage is later on into this video.
1:30:45So, I want to go one thing at a time.
1:30:46So, right here, as you can tell, we have
1:30:48created a account. So, now we have 1
1:30:52to500 leverage. We have $0 balance and
1:30:55we have zero equity into our account.
1:30:57So, for us to go ahead and actually
1:30:59deposit it, we click quick deposit up at
1:31:02this top section over here. Now, we have
1:31:04the option to deposit in crypto or we
1:31:06can go ahead and deposit in credit card.
1:31:08So, this is a much faster process and it
1:31:10can be done in the next couple of
1:31:12seconds. I'm just going to use crypto
1:31:14and we're going to go ahead and click on
1:31:15this account. Make sure that we have
1:31:17crypto as our option. We don't have a
1:31:20promo code, but we are just going to
1:31:21place a basic $100 deposit into this
1:31:24broker. Minimum is 10 bucks, but I'll do
1:31:26a 100 bucks. Promo codes. If this is if
1:31:29you have any actual, you know, credits
1:31:31like, you know, use promo code Alex, for
1:31:33example, you get an extra 100 bucks. Not
1:31:35saying that's a real thing, but
1:31:36sometimes they offer promos for that
1:31:38stuff. So, let's say we click deposit
1:31:40into the trading account. I can deposit
1:31:42in Bitcoin, Litecoin, Ethereum, Tether,
1:31:44or USDC coin. We're going to use USDT
1:31:48ERC20 for this example. And this is the
1:31:51actual wallet address. So, I'm going to
1:31:53head over to my phone and just send a
1:31:55quick 100 bucks just to show you guys
1:31:56how simple this is. So, right now, I'm
1:31:58sending the funds from my cold wallet
1:32:01into this platform. So, just waiting for
1:32:03this to load. Some people don't have a
1:32:05code wallet. You guys can use credit
1:32:06debit. Usually takes a little bit longer
1:32:08because, you know, the processing has to
1:32:10go through. Crypto tends to be pretty
1:32:12quick. So, I've already sent it over.
1:32:14Should pretty much reflect into my P&L
1:32:18here. Pretty simple. Once payment is
1:32:19confirmed, they will be reflected on
1:32:21your account. Cool. So, we can just go
1:32:23back over to our dashboard here and
1:32:25pretty much just give it a couple of
1:32:26seconds and it should pop up pretty
1:32:28quick. And as soon as it pops up, I'm
1:32:30basically going to log in over here to
1:32:32my MT5 account on my phone. And then
1:32:34we're going to see how that is going to
1:32:35be reflected then. So let's give it a
1:32:37couple seconds until the balance pops
1:32:39up. All right, so quick update about 7
1:32:41minutes later 100 bucks got here. This
1:32:43is probably like the part where a lot of
1:32:45people get sketched out. Sometimes you
1:32:46just have to let the crypto do its
1:32:48thing. It takes time. It's part of the
1:32:50process. Usually it takes, you know, 1
1:32:52to two minutes. This time it took 7
1:32:53minutes. I guess it's because it's a
1:32:55near market closure. I don't know what
1:32:57the case is, but the funds are now here.
1:32:59Quick 100 bucks. So picture this as if
1:33:01this were to be like the bank, right? So
1:33:03the funds are now in the bank. Now in
1:33:05the bank, you can't actually go and send
1:33:07any funds out. You have to connect it to
1:33:09PayPal, which is going to be MetaTrader.
1:33:11And then you connect your funds to
1:33:13MetaTrader and you can go ahead and
1:33:14execute your trades and send the trades
1:33:16out to the markets. You want to send
1:33:18these funds out to anybody. Now it goes
1:33:20from this bank. You connect to PayPal
1:33:22and then you can send it to whoever. So
1:33:23we come here, we click on view. You can
1:33:25tell we have the MetaTrader 5 account.
1:33:28We have a standard account. This is my
1:33:29account number. All I have to do now is
1:33:31go to MetaTrader. And when I go to
1:33:33MetaTrader, I search up the server. So,
1:33:36it's 1x trade server. I click on the
1:33:39server. I then put on the account
1:33:41number, put my password, and I'm pretty
1:33:43much logged in. As you can tell, this is
1:33:44a brand new account. There's literally
1:33:46no history on it. There's no anything,
1:33:48right? We can go to transactions. We can
1:33:50go to everything. You can tell the 100
1:33:51bucks just got completed literally 7
1:33:53minutes ago. And I'm going to log in now
1:33:56to Trading View. I mean, I'm going to
1:33:57log in now to MetaTrader so you guys can
1:33:59go ahead and see how that looks in that
1:34:01option right now. So, the money is in
1:34:02the bank. Let's now go to the actual
1:34:04platform where we're going to execute
1:34:06the trade on. All right. So, now that we
1:34:08have officially logged into our
1:34:09MetaTrader on the phone, this is what
1:34:11it's going to look like. So, I'm just
1:34:13going to screen record here on my phone.
1:34:14They probably put half the screen the
1:34:16MetaTrader half the screen myself. So,
1:34:18basically over here once we are actually
1:34:20inside of MetaTrader. So, we're going to
1:34:22have 1 2 3 4 and then five buttons all
1:34:25the way over here at the bottom. As you
1:34:26can tell, this is the server that we are
1:34:28in, 1x trade. And you can tell this is
1:34:31the exact same account number as you can
1:34:33see over here on the actual backend or
1:34:36the dashboard of your account. You can
1:34:38tell it's 820838.
1:34:40So once you go to the dashboard area of
1:34:42this area and then you create a new
1:34:44account, it automatically creates a
1:34:46brand new MetaTrader account for you.
1:34:48They send you the the login password
1:34:50directly to your email and all you have
1:34:51to do is log in. Once you log in, the
1:34:53money gets deposited into here and then
1:34:54it's going to reflect onto here, which
1:34:57is going to be the balance area of the
1:35:00MetaTrader 5. So, the middle section is
1:35:02where you can actually see your balance.
1:35:04You can see the equity, the free margin,
1:35:06which is where the trades are going to
1:35:07be fluctuating up and down. The button
1:35:09next to that is going to be the history
1:35:10button. Here, you're going to be able to
1:35:12see how much money you've deposited into
1:35:13the platform. You can see the pending
1:35:15orders, deals, everything, right? So,
1:35:17this is basically the history of the
1:35:19account. Obviously, we've only deposited
1:35:21100 bucks. It's all we're going to see
1:35:22in this account. Settings option.
1:35:24Everything here is pretty
1:35:24self-explanatory. This is just kind of
1:35:26the settings of the Metatrader 5. You
1:35:29can never realistically use this unless
1:35:30you're going to create a brand new
1:35:32account or log into a different one. The
1:35:34chart area, this is where you can
1:35:36actually see the chart of the price that
1:35:38you are going to be trading or the the
1:35:40market you're going to be trading. For
1:35:41example, let's say we were looking at
1:35:43EuroUSD. We go over here to the quote
1:35:45section, which is going to be the last
1:35:48button all the way to the left. And
1:35:50let's say right now we're trying to
1:35:51trade EuroUSD for example and it's not
1:35:53reflecting. All we have to do is just
1:35:55type it. Search up EuroUSD. Once we
1:35:58click on it, we can just click answer.
1:36:00So after and it's going to add it all
1:36:01the way at the bottom over here. Now if
1:36:04you want to see the chart of EuroUSD, we
1:36:06just click on it, click on the chart
1:36:07option, and then it'll take us to that
1:36:09second button once again. And then we're
1:36:10going to then be able to see Trading
1:36:12View. So if you notice this trading view
1:36:14chart right here is the exact same
1:36:16trading view chart that we are going to
1:36:18be looking at over here. As you can tell
1:36:20price feed is nearly the same right
1:36:22here. The market closed at 1.17312.
1:36:26And right here on the actual 1x trade
1:36:29server the price feed is going to be
1:36:311.7370
1:36:34and 1.7340.
1:36:36So on trading view we get the real raw
1:36:39price. Now, here on 1x trade server, we
1:36:42get the markedup price. So, this is
1:36:44where the broker is just charging a bit
1:36:45of a spread for executing us into the
1:36:47markets. It's part of the game. It's
1:36:49inevitable. You have to pay the fees.
1:36:51Whenever you send money through PayPal,
1:36:52whenever you pay for anything, there's a
1:36:54very small fee involved. It's part of
1:36:56the game. You want to get access to
1:36:57whatever it is that you're purchasing,
1:36:58you have to pay the fee. So, here's
1:37:00where you're going to be able to see all
1:37:01of the markets that you are actually
1:37:02executing in the market. So, you can add
1:37:05as many markets as you want. You can go
1:37:07ahead and delete as many markets as you
1:37:10want. Pretty easy, pretty userfriendly.
1:37:12Everything is pretty self-explanatory.
1:37:14You should realistically only be
1:37:15spending maybe 5% of your time on
1:37:17MetaTrader because all that you do on
1:37:19MetaTrader is simply just execute the
1:37:21trade. You're not ever actually
1:37:23analyzing the markets in this chart
1:37:25section as you would be doing on Trading
1:37:28View, for example. Trading View is where
1:37:29you actually break down the chart, make
1:37:32the trade make sense, and if you're
1:37:33interested in entering the trade. Now on
1:37:36back to MetaTrader. This is where you
1:37:38actually go ahead and execute the trade.
1:37:40After you execute the trade, there's no
1:37:42reason why you should just be looking at
1:37:43the money going up and down. What you
1:37:45should be doing as a trader is looking
1:37:47at the charts, seeing if the trade makes
1:37:49sense, if the market is moving in your
1:37:50favor. And then obviously whatever the
1:37:52charts are doing is going to reflect on
1:37:54your profit and loss right here on
1:37:56MetaTrader. So over here all the way at
1:37:57the far left section once again where we
1:37:59have the quote section we have the
1:38:01option to go ahead and enter the trade
1:38:03which would be the first option once you
1:38:05click on that market you have the option
1:38:07to go look at the charts you can look at
1:38:09the trade details or you could look at
1:38:11the statistics I'm going to be
1:38:13completely honest I've never clicked on
1:38:14this details option I don't know how to
1:38:17use any of these options right here
1:38:19these are just some details of the
1:38:20currency pair I don't know what any of
1:38:22this is I've never used it but it has
1:38:24that feature and then you also have the
1:38:25statistics which it shows all of this
1:38:28right here. Once again, I have
1:38:29absolutely no idea what any of this
1:38:31means. I've never used it in my life.
1:38:33All I know is that I use the one option
1:38:36here, which is to go ahead and enter the
1:38:38trade into this market. Now, this button
1:38:40to enter the trade into this market is
1:38:42going to have multiple different options
1:38:44in here, right? So, you can go ahead
1:38:46either tap on that button and hold trade
1:38:49or you can go ahead and swipe it to the
1:38:51right and then click plus. And that is
1:38:53also going to give you the option to go
1:38:54ahead and execute this trade. So all the
1:38:57way at the top you can tell that we are
1:38:59trading EuroUSD. If you want to swap it
1:39:01for whichever currency, you can go ahead
1:39:02and swap it for Euro CHF. You can swap
1:39:05it for Euro CAD, but we're going to be
1:39:07using EuroUSD. Back here at the Euro
1:39:10USD, the button under the market that
1:39:12we're going to be trading, you have the
1:39:13option to do either a buy limit, a sell
1:39:16limit, a buy stop, a sell stop, a buy
1:39:19stop limit, and a sell stop limit. All
1:39:22of these are different limit orders that
1:39:25you're going to place on the markets.
1:39:26And I'm going to explain to you what
1:39:27those limit orders when we actually get
1:39:29into the charts. But I personally,
1:39:32myself, I have never used neither one of
1:39:35these limits. I've never used a buy
1:39:36limit, a sell limit, a buy stop, a sell
1:39:38stop, a buy stop limit, or a sell stop
1:39:40limit. These are all just orders that
1:39:42you place in the market. So, let's say,
1:39:44for example, I want to set a buy limit
1:39:47on the market. I want to buy this market
1:39:49once it gets to X price. I want my stop
1:39:52loss to be at X area, and I want my
1:39:54takerit to be at X area. That's
1:39:56basically what it is. It's like you're
1:39:58going to set a price into the market and
1:40:00whenever the price gets there, it
1:40:01automatically enters that trade for you.
1:40:03That is a style of trading. I am not
1:40:05against it. I just personally don't
1:40:07believe in it simply because you're
1:40:08entering a trade without confirmation.
1:40:11You need to enter a trade once you
1:40:12actually have a kind like a proper entry
1:40:14signal once it meets your actual trading
1:40:16plan. And I'm going to teach you how to
1:40:17do that later that that into the video.
1:40:19These are multiple different ways on how
1:40:21to actually execute this trade. Now, the
1:40:24simplest one is market execution, which
1:40:26is going to be the one that you're going
1:40:27to use 99.99%
1:40:30of the time, which is you just simply
1:40:32place your stop loss. I mean, excuse me.
1:40:34You simply place your lot size and on
1:40:36this lot size here, you can make it one
1:40:38lot, you can make it two lots. And a lot
1:40:40of people get confused on this whole lot
1:40:42size position calculating. And it's
1:40:44actually very easy. So, this lot size
1:40:46here has to be directly predetermined
1:40:48before you enter the trade. So, you know
1:40:50exactly how much you're risking. That
1:40:52goes based off of your stop loss and how
1:40:54much you're going to have on your stop
1:40:55loss. So, let's say, for example, you're
1:40:57interested in entering this trade as a
1:40:59sell, right? Just for an example. Or,
1:41:01you know what, we'll do a buy. it's a
1:41:02lot easier to understand a buy. So, we
1:41:04have a buy example on this market. Our
1:41:07stop loss is going to be, let's say, 20
1:41:10pips. I'll explain what pips are and how
1:41:12all this works in just a second, but
1:41:13let's just say it's 20 pips. And our
1:41:15goal right here is to figure out what
1:41:18our lot size is, right? So, we're going
1:41:21to for now for us to determine our lot
1:41:23size, we need to first determine how big
1:41:25our stop loss is. So, we're going to go
1:41:27to 1x trade, LQ Markets, whichever one,
1:41:30they both have this lot size calculator.
1:41:32You're going to put the balance amounts
1:41:34that you have on your account. Then, how
1:41:36much you want to risk of your account.
1:41:37Let's say we want to risk 1%. Right? And
1:41:41then our stop loss is or say we want to
1:41:42risk 10% of our account. And our stop
1:41:45loss is 20 pips and the currency pair
1:41:48that we're trading is EuroUSD. All we
1:41:50have to do is just click calculate lot
1:41:53size. And this lets us know that we have
1:41:56to put a 0.05
1:41:58lot which is risking a total of 10
1:42:01bucks. So we know that if we were to go
1:42:04back over here to the actual MetaTrader
1:42:07where we're going to execute the trade,
1:42:09we have to place a 0.05
1:42:12lot size and then our stop-loss number
1:42:15needs to be exactly what it is right
1:42:17here on the chart. So our stop loss
1:42:19number would be 1.17096.
1:42:23So it' be 1.17096.
1:42:27And then our take profit would be where
1:42:29we set our takeprofit up here. It's
1:42:31going to be 1.17
1:42:33going be 1.1715.
1:42:37So now at this point we are pretty much
1:42:39ready to buy this market. We could go
1:42:41ahead and then click on that buy button
1:42:43and we know if we are completely wrong
1:42:46on this market. Okay, so we know that
1:42:47this is our stop loss 1.17096
1:42:50and this is our take-profit 1.17715.
1:42:54If the market goes straight into our
1:42:56stop loss, we are not going to blow our
1:42:58account. We have a stop loss which is
1:43:00going to minimize our loss which is at
1:43:03our predetermined risk what we have just
1:43:05calculated on this lot size calculator.
1:43:08So now at this point, the fear of people
1:43:10thinking that I'm going to lose all of
1:43:12my money when I put money into a broker
1:43:14or whenever I go trade is gone because
1:43:16you're only risking $10 from your actual
1:43:19trading balance. So this can go to your
1:43:21stop-loss right away. You've
1:43:22predetermined you're only okay with
1:43:24losing on this position, 10 bucks. So
1:43:26obviously, if we would want to enter
1:43:27this trade, we would go ahead and then
1:43:29click buy. But obviously, the market is
1:43:32closed. The market just closed nearly 30
1:43:34minutes ago. But as soon as we would
1:43:35enter this trade, it would be reflected
1:43:37right here on this actual area. And
1:43:40right here, you're going to be able to
1:43:41see your trade fluctuate up and down.
1:43:43And then you can go over here to this
1:43:44area and you're going to be able to see
1:43:45your stop loss. You're going to be able
1:43:46to see your takerit. You're going to be
1:43:48able to see the trade be reflected in
1:43:50real time. And you're going to notice as
1:43:52soon as you enter the trade, you're
1:43:53going to be an immediate draw down,
1:43:55right? So you're probably going to be in
1:43:56a loss, maybe a couple bucks, right?
1:43:58Five bucks, six bucks. And that's
1:43:59because the broker, as soon as it enters
1:44:02you into the market, they don't care if
1:44:04you're going to be in a winning or lose
1:44:05or losing position. They're going to
1:44:06charge their fee. They don't care if
1:44:09you're going to be on the right or wrong
1:44:10side. They have to get their profit
1:44:12first for them to go ahead and execute
1:44:14your trade into the market. So, they get
1:44:15your trade, they're going to put into
1:44:16the market, they're going to take a
1:44:17small fee from it, and then your trade
1:44:19happens, whatever happens with it. Win
1:44:21or lose, the broker is always going to
1:44:22make their money. That's just the name
1:44:24and the game of the business and how it
1:44:26works. So once again, you have your
1:44:28Trading View account, which is your
1:44:29where you're going to analyze a trade,
1:44:30determine if you're going to buy or sell
1:44:33a market. Once you're ready to enter
1:44:35this trade, you need to go ahead and
1:44:36deposit some funds into the broker. Once
1:44:38you have your funds inside of the
1:44:40broker, you need to then actually go to
1:44:42then MetaTrader, which is then going to
1:44:44be this right here. On MetaTrader,
1:44:46you're then going to go ahead and then
1:44:47place that buy or sell button. That's
1:44:49pretty much it. Now, whenever you win
1:44:52your trades, you come back over here to
1:44:54the dashboard area of 1x trade. And then
1:44:57you're going to head and then click
1:44:59withdraw your funds. Now, you can
1:45:00withdraw your funds to whatever wallet
1:45:02or however format you choose to withdraw
1:45:04your funds. And the funds go back from
1:45:06the broker into your bank account.
1:45:08That's it. Very simple, very seamless
1:45:11process. These are the three platforms
1:45:13that you're going to need to actually to
1:45:14go ahead and be able to execute a trade
1:45:16into the market and be able to
1:45:18successfully have a profitable strategy.
1:45:20So now coming back to the charts, now
1:45:21that you understand exactly that you
1:45:23only need three platforms to actually
1:45:25trade into the market. You need the
1:45:26trading view, you need the broker which
1:45:28is like the bank and then MetaTrader is
1:45:30where you actually execute the trades.
1:45:31Let's take a step back to actual trading
1:45:34view, right? Trading View is going to be
1:45:35once again like where the fight where
1:45:37everything goes down. So, I'm going to
1:45:38explain to you how trading works, all of
1:45:40the different options within Trading
1:45:42View. So, right now we are on Trading
1:45:43View. As you can tell, we are on
1:45:45tradingview.com. This is basically where
1:45:47you're going to analyze every single one
1:45:49of the markets that you are going to be
1:45:51interested in trading. This is the most
1:45:52common known website for you to analyze
1:45:55your markets. I've been using this only
1:45:57website and I've never heard of any
1:45:58other trader really using another
1:46:00different website, but this is where
1:46:01you're going to be able to actually
1:46:02identify if you're interested in buying
1:46:05or selling a market. Right? So for
1:46:06example, let's say we're going to go
1:46:08trade EuroUSD for example, right? And
1:46:10we're going to go to a different server
1:46:11just for examples purposes. So for this
1:46:14different server, you can tell here that
1:46:16EuroUSD, this is what it looks like,
1:46:18right? So this right here on the chart,
1:46:20as you can tell, is the candlestick
1:46:22option. So we're going to take it a step
1:46:23back. And I know I was going to tell you
1:46:25guys how to use the no gap candlesticks.
1:46:27So right now, if I were to
1:46:28hypothetically actually, you know, input
1:46:31my actual candlesticks. One second. It
1:46:34should pop up something like this. Let
1:46:37me get them to pop up. We come to
1:46:40settings. We go to symbol body borders
1:46:45and wicks. Okay. So, as you can tell
1:46:47right here on EuroUSD on the weekly time
1:46:51frame for example and then on the ICE
1:46:53server, this has many gaps. So, as you
1:46:56can tell, this market has a gap here,
1:46:58has a gap here, has a gap here, gaps
1:47:01throughout all here, which make the
1:47:02market look weird. We were to look at it
1:47:04on the daily time frame. You can see
1:47:05more of these big gaps right here, these
1:47:07weird fills in the market. Just looks
1:47:09very weird, and it personally just
1:47:11throws off my trading as a whole. So,
1:47:13what I like to do is I like to use this
1:47:16indicator named the no gap candlesticks
1:47:18indicator. So, all you have to do is go
1:47:21to this indicator section over here. So,
1:47:22just pause the video right now or open
1:47:24up your Trading View real quick. Log in,
1:47:26create an account. It's going to be very
1:47:27basic. Once you log in, create your
1:47:28account. You're going to get the
1:47:29candlesticks that are going to be popped
1:47:31up. And down over here, you're also
1:47:32going to get the volume section, which
1:47:35is going to be popped up probably
1:47:37something like this. Should be somewhere
1:47:40over here. You're probably going to get
1:47:42some bars down over here, which are
1:47:43going to be like some big blue, no, some
1:47:45big green and red bars. And all you
1:47:47really have to do, they're going to be a
1:47:49bunch of bars like this. All you have to
1:47:51do is just click on those bars. Right
1:47:53click on it or double click on it. And
1:47:55then just once you click on it, there's
1:47:58going to be a popup and then it's going
1:47:59to say volumes. Just unmark the volume.
1:48:02So you're going to double click on it.
1:48:03It's going to say volumes up over here.
1:48:06Just click on it and then it's going to
1:48:07remove this section down over here. All
1:48:09that does really just clutter the chart.
1:48:12Just creates extra noise. You're never
1:48:14going to use that option. It's very
1:48:15unnecessary, right? So once you have
1:48:17that, you're then going to have your
1:48:19candlesticks. most likely with these
1:48:20gaps. So, the easiest way to get these
1:48:22gaps removed, it's actually very easy.
1:48:24All you have to do is come over here,
1:48:26click on the indicator section and then
1:48:28search up no gap candles and then you're
1:48:32going to get this first one. The second
1:48:34one works well. I personally use the
1:48:36first one. Once you click on it, as you
1:48:38can notice immediately, right away, the
1:48:40markets look different. There's already
1:48:42a difference inside of the market. But
1:48:44you can't just automatically click on it
1:48:46and expect for it to work, right? What
1:48:48you have to do is once you click on it,
1:48:50so let me just remove this one because I
1:48:52don't want to have two of them. Once you
1:48:54click on it, what you actually have to
1:48:55do is doubleclick the actual market. And
1:48:58then this right here is going to give
1:48:59you the current candles. And all you
1:49:01have to do is click off the body, the
1:49:05borders, and then the wicks. And if you
1:49:07notice there, you're going to be left
1:49:09with the actual no gap candlesticks
1:49:12candles on the ice server. So basically
1:49:16somebody created an an indicator that
1:49:18fills in the gap for those candlesticks
1:49:21that have gaps, right? This is just a
1:49:23very simple indicator and this is not
1:49:26really an indicator. This is more of
1:49:27just an actual tool that's going to help
1:49:30you have the markets be as clean as
1:49:32mine. So once again, if I were to take a
1:49:34couple steps back, this is without the
1:49:36no gap candlesticks indicator. As you
1:49:39can see, there's gaps right here. I then
1:49:40turn on the gap candlestick indicator
1:49:43and then it has a fill but it still
1:49:45looks a little off. So all you have to
1:49:47do is just doubleclick those
1:49:48candlesticks. Once you double click
1:49:50them, you uncheck the body. As you can
1:49:52tell, look at the difference it makes
1:49:54here in between that body and that wick.
1:49:55So you check off the body, check off the
1:49:58borders, and then you check off the
1:49:59wicks. And then you have a real market
1:50:01movement for how the market should look
1:50:04without the actual gaps. So this right
1:50:06here is a little bit of a hack. This I
1:50:08learned pretty late into my journey. And
1:50:10uh once I learned it, it did clear a lot
1:50:12of things up, right? I just wanted to
1:50:13get that to be the first thing that I
1:50:15teach you when it comes to Trading View
1:50:16because I know it probably cause a lot
1:50:18of curiosity, right? We're going to get
1:50:20into the EMA, what setting my EMA is,
1:50:22and how to use it in just a second. I
1:50:24just want to give you an overall
1:50:25training on how Trading View works. It
1:50:27can be very overwhelming at times.
1:50:29Depends on how much you look at it, what
1:50:32should you look at, what should you not
1:50:33look at. So, we're just going to break
1:50:34down the most important things and the
1:50:36things that matter and don't matter,
1:50:37right? So, we're going to start off
1:50:38right over here at the top left, right?
1:50:40So, over here at the top left, as you
1:50:42can tell, we have the market. So, this
1:50:43is Euro USD. This is the market that we
1:50:45are currently looking at right now. If
1:50:46you want to change the market, all you
1:50:48have to do is click on that search bar
1:50:49right there and then you can type in
1:50:51whatever other market. This is basically
1:50:53for you to search up any market that you
1:50:55can possibly imagine of. You can
1:50:56literally just search it up here and it
1:50:58will pop up. Or you can just simply type
1:51:00it on the keyboard and then it will also
1:51:02pop up. It's equivalent to the same
1:51:03exact thing. You click the plus sign,
1:51:05it's going to create pretty much the
1:51:07same exact thing. Next to that, you're
1:51:08going to have the time frames, but you
1:51:10might only have one time frame pop up.
1:51:12Might be the daily, the weekly, or the 4
1:51:14hour. You click this little arrow down
1:51:16here, and once you click this popup,
1:51:18you're going to get all of these
1:51:19different time frames that are going to
1:51:20pop up. You have the 3 month, 1 month, 1
1:51:23week, day, 4 hour, 1 hour, 30 minute,
1:51:25all of these different time frames,
1:51:26right? All the way up to the 1 second,
1:51:28which you're never going to be using. As
1:51:30I've mentioned before, I only use the
1:51:32weekly, the daily, the 4 hour, the 2
1:51:34hour, the 1 hour, the 30, and the 15
1:51:36minute. Now, if I were to uncheck these
1:51:39stars right here, what ends up
1:51:40happening, as you can tell, is it
1:51:42removes them from this top section over
1:51:44here. This is basically just a little
1:51:45bit of a hack that makes these time
1:51:47frames just pop up over here and stay
1:51:49there saved. So, whenever I want to go
1:51:51from one time frame to another, it's a
1:51:53lot easier and I don't have to go into
1:51:55this section over here and add it or
1:51:58manually look for the time frame. These
1:51:59are all the time frames that I use. I
1:52:01don't use any other time frames. And
1:52:03whenever I'm going to be going in and
1:52:05out of a time frame, this is how I am
1:52:07going to be looking for that. The
1:52:08section next to that is all the
1:52:10different types of candlesticks that you
1:52:12can potentially use. As we've already
1:52:14broken down, all of these are just
1:52:16information overload. You don't need to
1:52:18know what any of these candlesticks are.
1:52:20The only ones you need to focus on is
1:52:22the line chart and the candlestick
1:52:24chart. Now, don't worry. In just a
1:52:26second, I'm going to be teaching you
1:52:27guys how to properly use the line chart,
1:52:29what it's used for, and all that stuff.
1:52:31Don't worry, one thing at a time. Once
1:52:32we get to there, I'm going to break it
1:52:34down, and you're going to see how simple
1:52:35it will be. But this section here is
1:52:36just for you to identify the actual type
1:52:39of bars that you want to pick. This is
1:52:41the style. Indicators is pretty
1:52:43self-explanatory. You can pretty much
1:52:45search up any type of indicator that you
1:52:46can possibly imagine. Here, there's
1:52:48going to be endless indicators that
1:52:50Trading View offers you. And I think the
1:52:52only indicator I have ever searched up
1:52:54is the EMA. I've never really gone into
1:52:56this indicator section. I know this is a
1:52:58never- ending journey or world in here.
1:53:00Inside of the indicators, there's a
1:53:02bunch of different types of indicator
1:53:03traders and I don't know anything about
1:53:05it. All I know is that inside of this
1:53:07indicator section is where I find my EMA
1:53:10and my no gap candlesticks. That's it.
1:53:13I've never used this area for anything
1:53:14else. This is for an indicator tempo.
1:53:16Once again, this is another thing when
1:53:18it comes to the indicator. I have
1:53:19actually never even gone into here or
1:53:22saved anything. not sure what it's used
1:53:23for. So, I can't really educate you on
1:53:25something that I've never used and I've
1:53:26never found any use for it. Next to
1:53:28that, we have the alert section. So,
1:53:30this is if I want to place an alarm on
1:53:32the market. So, right now we are on
1:53:34EuroUSD, for example, and I want to be
1:53:37notified once price crosses through a
1:53:39certain point. So, right now we are at
1:53:411.17331.
1:53:44Price right now is at 1.17331.
1:53:48So, let's say we want to get notified
1:53:49once price goes to 1.74
1:53:540 and it lets me know I get a
1:53:56notification on my phone. I get a
1:53:58notification on my computer one time
1:53:59when it does that or every single time
1:54:01it does that. So, it can happen more
1:54:04than one time per minute or it will only
1:54:06be letting me know one time and it won't
1:54:08be repeated. And I can put an expiration
1:54:09date and I can make this pretty much
1:54:11indefinitely, right? I can click create.
1:54:14Soon as you click create, you can tell
1:54:16how the alarm or the alert pops up right
1:54:18here on Trading View. So let's say for
1:54:20whatever reason I want to enter this
1:54:21trade when the market gets here, but I
1:54:23have to run to the gym. I have some
1:54:25groceries to do. I have to step out of
1:54:27the house. I have to step out of the
1:54:28office. I don't have to be glued and
1:54:29stuck in front of the computer. This
1:54:31alarm here will let me know once and if
1:54:34price ever does that. If I want to move
1:54:36it up, all I have to really do is just
1:54:37drag it up and then the alarm gets
1:54:39dragged up. If I want to move it down,
1:54:41just grab it and drag it up and down. I
1:54:43can pretty much also squeeze price in
1:54:45here. And another way to how you can add
1:54:47an alarm is over here to the right hand
1:54:49section. You can just click this plus
1:54:50sign and then you can click add alert.
1:54:53So that's when price gets to this area
1:54:55right here. If I were to click on this
1:54:57as well, I can add an alert when price
1:54:59gets to the EMA. For example, if I want
1:55:02to delete it, I just rightclick on the
1:55:05alarm. If I once again click this right
1:55:07here, I will be notified once it hits
1:55:09this area. It's pretty much neverending
1:55:11different types of ways on how you can
1:55:13set up the alert. The only way I ever
1:55:15use it is I click this button right
1:55:17here. I add the alert at that point. And
1:55:19once the market gets to the point that I
1:55:21needed to get to, I do whatever I've
1:55:23been interested in entering in the
1:55:25market. If I want to delete it, hover
1:55:26over it, click right here, and click
1:55:28delete. It's very clean, very seamless,
1:55:31and very simple. I get very creative
1:55:33with my alarms. What I tend to do is I
1:55:35trap price. So, I'll put an alarm up
1:55:36here. I'll put an alarm very tight into
1:55:39this area right here and I'll know when
1:55:41price breaks below or breaks above. And
1:55:44sometimes I get even more creative and I
1:55:46right click on the alarm or double click
1:55:49on it and I'll place a message or I'll
1:55:51be like your USD is crossing this area,
1:55:54enter now, bro. Or you got stopped out.
1:55:57So whenever the alarm hits, all you
1:55:59really have to do is look at your phone
1:56:01and you're going to know what the alarm
1:56:03is going to be about, right? So, this is
1:56:05a little bit of a message that you can
1:56:06leave yourself whenever you place the
1:56:08alarms at whatever the area is going to
1:56:10be. That's pretty much all it comes when
1:56:12it comes to the alarm sections. These
1:56:13are all of the notifications and how you
1:56:15can set it up. You can get an email, web
1:56:18link, sound, just however you want to
1:56:20set up your alarms. The way this is the
1:56:22way I have it set up and it's been
1:56:23working perfectly for me up to this
1:56:25point right now. But you can get as
1:56:27creative as you want. This little arrow
1:56:28is basically the back. So, let's say,
1:56:30for example, I had some drawings set up
1:56:33into the markets and after these
1:56:35drawings, I ended up just accidentally
1:56:38deleting them. All I have to do is just
1:56:40click back and it comes right back. If I
1:56:42want to go to where I was, I just click
1:56:43forward. Pretty self-explanatory. This
1:56:45little bar right here, don't worry,
1:56:46we're going to get into that just a
1:56:47second. Just kind of going along the
1:56:49order of how everything is placed. This
1:56:51right here is basically the area that
1:56:53reflects the actual price of the market
1:56:55and where the market is. And these are
1:56:57the numbers that are reflecting it. You
1:56:59may see me sometimes grab this and it
1:57:01basically all it does is that it moves
1:57:03price up, moves price downs. All you
1:57:05have to do is just left click on it and
1:57:07then squeeze it, hold it up and down and
1:57:09then you're going to be able to either
1:57:10look at the market in a much wider
1:57:12format or in a much tighter format.
1:57:14Really depends on how close or how
1:57:16zoomed in you're trying to get to the
1:57:18market. Continuing up over here to this
1:57:20top section, we have the square button
1:57:23which is a layout setup. So this is
1:57:26different types of ways how you can look
1:57:27at the market. Or if you want to split
1:57:28it in between two markets like this, you
1:57:31want to split it into neverending
1:57:33different styles, you can pretty much go
1:57:35free with that. I personally always just
1:57:38have it in the standard one market
1:57:41layout. This unnamed I don't even know
1:57:43what this is to be honest. Maybe this is
1:57:45just a settings area that you can do
1:57:48something about saving your charts. I
1:57:50always have it set up like this. I've
1:57:52actually never even changed this right
1:57:53here. I have no idea what this is. But
1:57:55the button next to that is the quick
1:57:57search. I have no idea what this is
1:57:59either. I have never used it. This right
1:58:01here is just the settings on Trading
1:58:03View as a whole. So the settings is once
1:58:06again about the candlesticks. Obviously,
1:58:08I don't have my candlesticks checked
1:58:09because I have the no gap candlestick
1:58:11setting option on the trading view. This
1:58:14is what I have for the status scales.
1:58:16Oh, this is the volume button right
1:58:17here. So, as you can tell, okay, never
1:58:19mind. I thought that was going to pop up
1:58:20the volume down over here, but yeah, I
1:58:23guess that's not it. Is it somewhere
1:58:24here? It's not. But this is how I have
1:58:26my settings. I I don't really mess with
1:58:28this right here. I've never really have
1:58:29I don't really understand how to modify
1:58:32or do anything when it comes to any of
1:58:34this stuff. This is pretty much how I've
1:58:35had it for years. It pretty much stays
1:58:37the same every single time. And this is
1:58:40how I have everything set up. So, I
1:58:41guess you can pause it, look at yours,
1:58:43and make it look exactly like mine. This
1:58:45is what I do to set up my charts every
1:58:48single day, right? So moving along with
1:58:50that, we have this button right here. So
1:58:51this is basically to make the market
1:58:53pretty much full screen. So the whole
1:58:55entire screen, as you can tell, is just
1:58:56the chart right now. This is a very
1:58:58clean format on how you can look at the
1:59:00chart if you just want to focus on the
1:59:03actual price and not get distracted by
1:59:05any of the other buttons that you may
1:59:07have. And then you can just click the
1:59:09exit button on your keyboard, the ESC
1:59:13button, and then it returns back to
1:59:14where it was. But it's a pretty cool
1:59:16feature in order for you to just see the
1:59:18chart to not get distracted with all of
1:59:20these different buttons. Little camera
1:59:21button is so you take a screenshot or
1:59:23take a snapshot. Screenshots basically
1:59:24this page saves it for you and then you
1:59:26can go ahead and save that to your
1:59:28desktop, to your trading journal,
1:59:30wherever you want to save it. Moving on,
1:59:31next to that we have the publish button.
1:59:33I've actually never published anything
1:59:34inside of Trading View. I guess Trading
1:59:36View has communities of other traders
1:59:38that post stuff in there. I have no idea
1:59:40what that is, but I've never really used
1:59:41it. Moving on over here, we have the
1:59:43blue list. So you probably have a red
1:59:46list which is a standard when it creates
1:59:48your first account. But inside of this
1:59:50blue list is where I have the markets
1:59:52that I am currently trading. So as you
1:59:54can tell all of my markets are currently
1:59:56tagged with a blue tag because this is
1:59:59the markets that I trade. I pretty much
2:00:01picked this color blue when I started
2:00:03years ago and I've just stayed with this
2:00:05blue list and I've stayed very
2:00:07superstitious to this list. These are my
2:00:09profitable pairs. These are the pairs
2:00:10that I tend to find the best market
2:00:12opportunities in. And I don't plan to
2:00:14modify them for anything. Now, you guys
2:00:16probably can't see them because my face
2:00:17is in the way, but these are all of the
2:00:19markets that I personally trade. And I
2:00:22don't plan to change the color blue. I
2:00:24don't plan to change these markets or
2:00:26add any of the markets. This is more
2:00:27than enough markets for me personally.
2:00:29I'm very superstitious with them and I
2:00:31like them the way that they are. So, I
2:00:33know here when it comes to the blue
2:00:34list, you can add stuff here. I've never
2:00:36even clicked on this option, so I don't
2:00:38even know what it is. I believe this
2:00:40plus sign is if I want to add a symbol,
2:00:43but another way that I can go about
2:00:45adding a symbol is by simply just
2:00:47searching it up. Let's say I want to add
2:00:49a UD NZD, for example. All I have to do
2:00:52is just click on this little flag button
2:00:55over here. And once I click on it, I can
2:00:57pick the color that I want to pick. And
2:00:58as you can tell, the default color is
2:01:00going to be blue. and then AUD NZD will
2:01:03pop up as the last option all the way
2:01:06down over here. Now, I actually don't
2:01:08like trading NZDUSD. So, for now, I'm
2:01:09just going to click on that flag and
2:01:11then it will automatically get removed
2:01:13and then I no longer have AUD NZD there.
2:01:15This little pie area is advanced view.
2:01:18I'm actually going to be clicking this
2:01:20for the first time ever. Okay. Well, I
2:01:21guess this is what it does. And I have
2:01:23no idea what that does. So, we're not
2:01:24going to I can't break something down
2:01:26that I have no idea. here on the
2:01:28settings option. This pops up the
2:01:31volume, the change, and all these
2:01:33different stuff over here. Honestly, let
2:01:34me see. What is What is this? Okay,
2:01:35there you go. That that takes away the
2:01:37price. This takes away the the change.
2:01:39And then this takes away the change
2:01:41percentage. Honestly, I might just leave
2:01:42it like that. That looks a lot cleaner.
2:01:44And when I go like this, I guess. Yeah,
2:01:46actually, I like that a lot better. I
2:01:48mean, honestly, it looks kind of cool
2:01:49when I had all of these, right? Cuz it
2:01:50it looks like I looks like I'm on to
2:01:52something. But basically, right there,
2:01:54that's just the options that this can
2:01:56pop up. I don't even know what this
2:01:58change percentage is. I don't know
2:02:00anything about this. All I know is that
2:02:01this is the price. So, Bitcoin is at
2:02:03115,000. XRP is at this. Ethereum is at
2:02:06this. And this is the price of these
2:02:08markets. That's pretty much it. That's
2:02:10all I really know when it comes to them.
2:02:11I don't really know anything else inside
2:02:13of here. This right here is going to be
2:02:14the the watch list and the details. So,
2:02:16if we were to click that and thenclick
2:02:18that, it just hides them and removes
2:02:20them so we can have a little bit more of
2:02:22some space. Or you can just simply drag
2:02:24it left or drag it all the way to the
2:02:26right so you don't have to see them. I
2:02:27always like having it pretty much like
2:02:29this where I just see the first base
2:02:31currency. I don't really need to see the
2:02:33quote. I know the order of my pairs and
2:02:34I'm very well in connection with them.
2:02:36The button under that is going to be the
2:02:38alert. So this is every single time your
2:02:40alarm gets hit. This is pretty much like
2:02:42the the history of all of the alarms
2:02:44that you can have. Get tells you all the
2:02:46details about it. I mean I've had I
2:02:48don't know. I'm curious on how many
2:02:49alarms I've had. But I've had hundreds
2:02:51of different alarms that have been
2:02:53triggered. And yeah, this is like the
2:02:55history of all the alarms that I've
2:02:57used. Let me see when I place my first
2:02:59alarm. It's pretty interesting. I placed
2:03:01my first alarm 2020. Is that is that
2:03:04what it is? December 20th. Is that is
2:03:07that the day? Yeah, December 4. So, I
2:03:09guess the first one is down here. Oh,
2:03:11you guys can't see it, but right here
2:03:12you can see December 13th, 2020.
2:03:16It's when I placed my first alarm. And
2:03:18right now it is September 13, 2025.
2:03:22Dude, I've been doing this [ __ ] a long
2:03:23time. Five years I've been just
2:03:26following these alarm. I didn't find out
2:03:27about these alarms until like a year and
2:03:29a half into my journey cuz I was just
2:03:31trying to predict this [ __ ] if it was
2:03:32going to go up or down, honestly. So, as
2:03:34soon as I figured the alarms is when I
2:03:35realized I didn't have to be in front of
2:03:37the markets all day. This area over here
2:03:39is the object tree and data window. I
2:03:43have no idea what this is. I guess this
2:03:45says all the different objects I have
2:03:47inside of the actual chart, but I don't
2:03:50use this. And then this is more of like
2:03:52a community section. I have never
2:03:54engaged with anybody in that community,
2:03:56and I do not plan to either. Down over
2:03:58here, I don't know what this is. I don't
2:04:00know what this is. I don't know what
2:04:01this is. I don't know what this is. Or
2:04:03this, or this. Oh, you guys can't even
2:04:05see it. So, it's even better. All the
2:04:08three options that are going to be at
2:04:10the bottom right corner. Actually, let
2:04:12me see if I can move myself. Oh, I hope
2:04:14I didn't mess this up. Yeah, let's just
2:04:15leave it like that. Okay, there you go.
2:04:17I hope you guys are seeing that right
2:04:18there. So, these little icons over here,
2:04:21this one right here, this one right
2:04:22here, this one right here, and this one,
2:04:24this one, this one. I don't know what
2:04:25any of these icons are used for, to be
2:04:28completely honest. I have never used
2:04:30them myself. Let me actually just move
2:04:32myself to the middle for now. But yeah,
2:04:35I I don't use any of these options right
2:04:38here. I have never used them. All I use
2:04:40sometimes is this right here just to
2:04:42block out some of the markets that I'm
2:04:43not going to be trading for the week. So
2:04:45let's say I break down my 10 different
2:04:47markets for the week and I'm only
2:04:49interested in trading these for example.
2:04:51I'll just use this right here as a form
2:04:53to just block out all the other markets
2:04:55just so I don't get distracted. But this
2:04:56tab here as well, I don't use any of the
2:04:59information in here at all. This is
2:05:01[ __ ] Letting you know that this
2:05:02more of a buying market than a selling
2:05:04market. This uh seasonal is [ __ ]
2:05:07This performance is [ __ ] This is
2:05:09all just an information overload that
2:05:11you don't need to use it at all. The
2:05:13only thing that I personally recommend
2:05:15to be using here is this note section.
2:05:17So in here you can actually write a note
2:05:19to yourself. So hey I'm waiting for a
2:05:23shift to structure or hey I'm waiting
2:05:24for my entry signal. And then all you
2:05:29would simply do is just add that and
2:05:31it's going to be a note that will be
2:05:32saved inside of your Euro USD section.
2:05:35For example, on my AUDCHF example, this
2:05:39is a note that I wrote to myself in
2:05:412022. So, about to be a little over
2:05:44three years ago, I wrote this note to
2:05:46myself. Um, these are the confluences
2:05:48that I had to sell, for example. And
2:05:49these are just notes that I can just
2:05:51write to myself in here. But yeah, this
2:05:53in here, I don't use this at all. I
2:05:55don't use this right here at all. This
2:05:56is just a bunch of information overload
2:05:59that you don't need to have. Once again,
2:06:01I just have it here because I think it
2:06:02looks cool and I personally like it. you
2:06:04know, whenever I post videos on
2:06:06Instagram or here on YouTube. Looks like
2:06:07I'm a more of an expert than what I
2:06:09really am, but this really does
2:06:10absolutely nothing, right? So, now that
2:06:13we understand that, I'm going to move
2:06:14myself back to that right hand corner.
2:06:17There we go. So, coming back over here
2:06:20down to this section of the trading
2:06:22view. I don't know what this little
2:06:24option over here is. I guess this is the
2:06:26time zone that I'm in. Whatever time
2:06:27zone the market was like, whatever
2:06:30trading view was created on, this is
2:06:31what it is. This is the time zone that I
2:06:33have. I've never really modified this.
2:06:34This down here is going to be the actual
2:06:36calendar of the chart. So you can tell
2:06:38this is September 3rd, 5th, 9. So these
2:06:41are more of the days and the further you
2:06:43go back, you can just see the months
2:06:45continue to go back. Even the years, we
2:06:48have 2025. We go even further back, we
2:06:50have 2024, 2023, pretty much so on and
2:06:54so forth. So down here is the dates of
2:06:56the markets. And once again, you've
2:06:58probably seen me grab this just to use
2:07:00the markets left and right. Hold on to
2:07:02the screen and move it up or move it
2:07:03down. You can also move it to the left.
2:07:05You can also move it to the right. Just
2:07:06a different way of you adjusting the
2:07:08charts. This area right here does pretty
2:07:09much the same thing. You right click on
2:07:11it, you move it to that area, you click
2:07:13this area, you move left. This, you
2:07:15click this right here, you move right.
2:07:18Or you click on the reset the chart, and
2:07:20it just resets it back to how it should
2:07:22originally have been. Moving on down
2:07:24here, you have this area over here,
2:07:26which is going to be the one day, 5day,
2:07:291 month, 3 month, six month. I don't
2:07:30really know what this is. I'm sure if I
2:07:32click on it, it's probably going to take
2:07:33me to something like that. I don't know.
2:07:36I've never clicked on it. I've never
2:07:37clicked on this button either. I have I
2:07:39did I did do this once one time by
2:07:41accident and I brought this up. I'm
2:07:43like, whoa, what the hell is this? And I
2:07:45guess this is just a different way for
2:07:47you to pretty much just set up, I guess,
2:07:50your bar replay. And I just realized
2:07:52that I did skip a button which is going
2:07:53to be the bar replay. So the bar replay
2:07:55is actually something that you use to
2:07:57back test. So I just clicked on that
2:07:59button and let's say I want to back
2:08:00test. I can just start back testing.
2:08:02Let's say from this point right here. I
2:08:04right click it and then all I would have
2:08:06to do is just start. I click the play
2:08:08button and then it's like if I were to
2:08:10be back back testing. I can pause it. I
2:08:12can speed up the time of the
2:08:14candlesticks. I can change from a
2:08:16certain time frame to another. This is
2:08:17basically the back testing tool that
2:08:20Trading View has to offer. It's a very
2:08:22cool feature and personally I don't
2:08:24recommend back testing. I actually hate
2:08:26back testing. I think it's one of the
2:08:28biggest mistakes that traders do when it
2:08:30comes to back testing because it creates
2:08:31a false expectation of what trading is
2:08:34really going to be like. I have my
2:08:36personal opinions on it and you know
2:08:38once my students join the community I
2:08:39explained to them that live testing is
2:08:41the best thing that you can possibly do
2:08:42because when you go back test you pretty
2:08:44much just saw what ended up happening
2:08:46here, right? Even whether whether you
2:08:48try and forget the or whether you get a
2:08:50friend to come pick the market and
2:08:52select the bar replay button, this still
2:08:54is not the same because right now we're
2:08:55on the four 4 hour time frame and this
2:08:58market just had all of this move right
2:09:00here and that just happened in literally
2:09:012 seconds and in real life this took
2:09:04nearly 36 hours to happen. So there's a
2:09:06big patience factor that back testing
2:09:09does not take into account and I feel
2:09:11like it gives a false perception of what
2:09:14trading really is like. That's why I'm
2:09:16personally very against back testing.
2:09:18And I'll give you guys, you know, more
2:09:19details on my thoughts on that later as
2:09:21we go through the actual strategy part
2:09:23and how you should actually be trading
2:09:24and what you should be looking for and
2:09:26what you shouldn't be not. But yeah, I
2:09:28just realized that I overwent that bar
2:09:30replay button. But continuing down here,
2:09:31yeah, I've never really used this area
2:09:33down here. I think about a year ago I
2:09:35accidentally moved this up and then I
2:09:37realized something down here even
2:09:38existed. I don't know what this open
2:09:40panel or maximize panel even is. Moving
2:09:43down over here to the left hand side,
2:09:45you're going to have this little star.
2:09:47So this little star is actually this
2:09:50toolkit right here. So this toolkit, if
2:09:52I were to click the star, it pops up. If
2:09:54I don't click it, it won't pop up. Once
2:09:56I have my toolkit pop up, these are all
2:09:58of the tools that I actually use to
2:10:00analyze the market that I use to
2:10:03determine whether this is a good trade
2:10:04to buy or whether this is a good trade
2:10:06to sell. Now, these are all of the tools
2:10:08that I personally use. These are all of
2:10:11the tools that Trading View has to
2:10:13offer. If you were to rightclick on the
2:10:15trend line and tools, you're going to
2:10:17get many different formats of trend
2:10:19lines and many different ways that you
2:10:21can identify the market. You can get
2:10:22this type of tool. You can get this
2:10:25different type of trend line here. For
2:10:27example, you can get a trend diagonal. I
2:10:29have never used this in my life and I
2:10:32have no idea what they are used for. I
2:10:35only use inside of this line section. I
2:10:38use the trend line, the horizontal line,
2:10:40and the horizontal ray. For you to get
2:10:42access to it, all you have to do is just
2:10:44put the star. Click the star. Click the
2:10:46star. And you're going to notice that
2:10:47it's going to automatically pop up on
2:10:49your own custom toolkit bar. All of
2:10:52these other different types of trend
2:10:54lines. I don't know what this is. Like
2:10:56the [ __ ] is this? This is a pitchfork.
2:10:58Like how? Like it's literally named
2:11:00pitchfork. Then this is a shift
2:11:02pitchfork. Like what the [ __ ] is I don't
2:11:04know. This in my opinion is just too
2:11:06much information. And believe me, when I
2:11:09was learning how to trade, I was here
2:11:11breaking my head, literally trying to
2:11:14figure out, first of all, what is a
2:11:16pitchfork? Like, what is an inside
2:11:18pitchfork? Like, what the [ __ ] Like,
2:11:20looking at this now after I've been
2:11:21trading for such a long time, just makes
2:11:23me feel extremely happy that I actually
2:11:25was able to become a profitable trader
2:11:27with this amount of information overload
2:11:30that, you know, these different
2:11:31platforms have to offer. You know, they
2:11:32they don't do it in a malicious way.
2:11:34They just do it because, you know, their
2:11:35their business is to offer all of these
2:11:37different types of tools just so anybody
2:11:39and anybody can use it. But what nobody
2:11:41teaches you is that you don't need to
2:11:42know or learn every single thing inside
2:11:45of this platform for you to determine if
2:11:47a trade makes sense to buy or sell. You
2:11:49really don't. But all of these tools
2:11:50that I have here, the trend line, the
2:11:52horizontal ray, and the horizontal line
2:11:55are the only lines that you're going to
2:11:56be needing inside of this section.
2:11:58Moving on to the section below, you have
2:11:59the Fibonacci. So once again, there is a
2:12:02quantillion different amounts of
2:12:04Fibonacci tools and different formats
2:12:06that you can use. I don't use any diff I
2:12:09don't use any type of Fibonacci. I don't
2:12:12use any type of can or what I don't even
2:12:15know like I think this is the biggest I
2:12:18don't even want to say anything but I
2:12:20don't know. I just I'm telling you, I
2:12:22just looked back and I really tried to
2:12:23figure out how to make something work
2:12:25with this right here. And you guys don't
2:12:27understand how much time I wasted by
2:12:30doing this. This really this really
2:12:32messed me up, guys. I I I mean this in
2:12:35the most humbling way. Like this really
2:12:37made me lose a lot of time. So, you
2:12:38won't need to be learning any of the
2:12:40stuff here. They can pretty much nuke
2:12:42this whole entire tab right here of the
2:12:44Fibonacci and that will change
2:12:45absolutely nothing in my trading. Next,
2:12:47we have the pattern section. In this
2:12:49pattern section, you have the all of
2:12:51these different types of patterns. The
2:12:53holy pattern. Let me see what this one
2:12:54looks like. What is this? The cloud.
2:12:56Like how does this even make out I don't
2:12:58like what what does this do? I don't I
2:13:00don't know. Oh my god. What is this? The
2:13:02Sline. Y
2:13:06this looks like a heartbeat. This is
2:13:07like Bro, this was my heartbeat trying
2:13:09to learn this whole trading [ __ ] Trying
2:13:11to figure out if I should be interested
2:13:13in buying or selling. Like this right
2:13:15here is not a trending. This I don't
2:13:17even know what this is. Oh my god, I
2:13:19just I'm so passionate about trading
2:13:21that sometimes this type of stuff drive
2:13:22me crazy because it can just completely
2:13:24mess up somebody's journey. The only
2:13:26pattern you're going to be needing,
2:13:27ladies and gentlemen, is going to be the
2:13:28head and shoulders. So, just put a
2:13:30little star on the head and shoulders
2:13:32pattern and then it should pop up right
2:13:34there into your toolbox. Below that,
2:13:36you're going to have the projection.
2:13:38You're going to put a star on the long
2:13:39position and the short position. These
2:13:41are very self-explanatory. Whenever
2:13:42you're going to buy a trade, this is the
2:13:45long position you're going to pop up. So
2:13:46whenever you buy a trade, you expect for
2:13:49you to pre-calculate your risk. So in
2:13:51here, let's say you're only willing on
2:13:53losing a 100 bucks. And then if you were
2:13:55to then have a one:2 risk-to-reward, for
2:13:58example, which is what this is set up
2:14:00right now. So your risk-to-reward ratio
2:14:02is a 1:2. So you're risking $100 here to
2:14:05then making $200 here. So this area is
2:14:08where then you're going to be making
2:14:10$200 in this area right here. So you're
2:14:12risking 100 right here. And if you win,
2:14:16you win 200. If you notice, it is
2:14:18literally the exact double size. And
2:14:20that's what makes it a perfect one to
2:14:22two risk-to-reward. So, you're risking
2:14:24one to gain two. Or you can risk one to
2:14:28gain three. Just simply triple that. And
2:14:31then there you go. So, you risk one to
2:14:33gain three. You could do gain four,
2:14:36five, six, seven. It's all based off of
2:14:38this number right here. So, this right
2:14:40here is a one to five. So you're risking
2:14:43one to gain five. Right here we have
2:14:47four and then we have five for example.
2:14:50So this risk-to-reward tool works for
2:14:53buys and then it also works for sales.
2:14:56So here you're risking one to gain two.
2:14:59And I'm going to be explaining to you
2:15:00how to properly place this where it
2:15:02should be your minimum risk-to-reward
2:15:04tool why it should be and the whole
2:15:06entire philosophy behind that. So that's
2:15:09what the risk-to-reward tool are going
2:15:11to be. And I feel like I didn't really
2:15:13mention these other tools over here, but
2:15:15uh trend line is very simple. It's just
2:15:17a trend line. We don't really use it as
2:15:19a trend line. We use it more for to
2:15:21create our structure points. And I'll
2:15:22explain all of that later once we get
2:15:24into that. Our horizontal line is just
2:15:27so we can identify a line that goes
2:15:29pretty much across the chart. And a
2:15:31horizontal ray is pretty much the same
2:15:34exact thing as the horizontal line. It's
2:15:36just from a certain point. So instead of
2:15:38it being the whole entire market, we
2:15:39could just place it based off of this
2:15:41point. Makes it very simple so the
2:15:43market and the charts don't get too
2:15:45cluttered up with an abundance of
2:15:46information. So the head and shoulders
2:15:48pattern is used as a reversal pattern
2:15:51and this is so you can determine where
2:15:52the left, the head, and the right
2:15:54shoulders. If you guys have been
2:15:55following me for some time, you're
2:15:56probably going to notice that I repeat
2:15:58this pattern time and time and time
2:16:00again. That's because this is simply one
2:16:02of the most powerful patterns in the
2:16:04market to date. and it's the one that
2:16:06has led me to have the majority of my
2:16:07success. But there's a very specific way
2:16:09on how to use it. And don't worry, I'm
2:16:11going to be breaking down how to use
2:16:12this pattern accurately later into this
2:16:15video. For now, I'm just showing you
2:16:16what Trading View is and what you should
2:16:18be focusing on and what you should not
2:16:20be focusing on. This is pretty
2:16:21self-explanatory. You might have it full
2:16:23of different colors. It might be pretty
2:16:24ugly when you have it. All you have to
2:16:26do is double click it or right click the
2:16:28head and shoulders, go to style, and you
2:16:30can pretty much style it however you
2:16:32want. You can put it available on
2:16:34whichever time frame you want. Change
2:16:36the colors. Put the borders however. And
2:16:38you can make the background however you
2:16:40want. I'm sure pretty much I'm sure it
2:16:42comes ugly. Probably does. Probably
2:16:43comes with a bunch of different colors
2:16:45and ugly like this. I just have it as
2:16:47simple and as clean as it can possibly
2:16:50be. But I'm going to be showing you how
2:16:51this works later inside of the video.
2:16:53Next, we have the long and short
2:16:55positions. We won't be needing anything
2:16:56else down from over here. This is crazy.
2:16:59This is basically saying that it's going
2:17:00to predict the next move. It's pretty
2:17:03cool. I'm not going to lie. It's for
2:17:04like a tattoo or something, but not to
2:17:06make money in trading. Honestly, that
2:17:08makes no sense. Next is the brush. The
2:17:10brush is just used for my educational
2:17:13purposes. Whenever I want to mark up
2:17:15structure points or whenever I want to
2:17:17mark anything off and show people or
2:17:19just set a reminder of something, I'll
2:17:20just circle it and I'll know to come
2:17:22back to it whenever is needed just to
2:17:24pretty much note things down. The
2:17:26rectangle is going to be used as a box.
2:17:29This is where you're going to place your
2:17:30zones of support and resistance. And
2:17:33I'll be breaking down support and
2:17:34resistance later. So, make sure you have
2:17:36this box. It's going to be very crucial
2:17:38and essential that you have it. Once
2:17:39again, if you don't like your colors,
2:17:41double click it, rightclick it, and you
2:17:42can pretty much change the colors
2:17:44however you want. Or you can just do it
2:17:47based off of this other tab right here
2:17:48that pops up. And then here, you can go
2:17:50based off of the custom colors that you
2:17:52want to go ahead and make your box. I
2:17:53always like making it as light as
2:17:55possible so you can actually see price.
2:17:58Some people like having it super dark
2:18:00and if you have it super dark, you
2:18:01literally cannot see price. The box is
2:18:04blocking price. I like making it around
2:18:06a four to 5% just so it's very light
2:18:08tint so you can identify if you're in or
2:18:11out of the box, but you can also see it.
2:18:15Next is going to be the rotated
2:18:18rectangle. And this one I'm actually
2:18:19going toclick. I accidentally had that
2:18:21one in my favorites. Next is going to be
2:18:24the path. This one is something that I
2:18:26use to identify market structure and I
2:18:28follow where the price is going to move
2:18:30or when I have a prediction from the
2:18:32market. For example, like let's say I
2:18:34want the market to have a retest of this
2:18:37area right here to then buy. I do this
2:18:39whenever I analyze the markets every
2:18:41single Sunday with my students and I
2:18:43give them my top markets. I will do
2:18:45something like this. So throughout the
2:18:46week, they know exactly what they should
2:18:48be looking for and wait for the market
2:18:49to do something like that. Basically,
2:18:51this is just me setting up the the path
2:18:53that the market should follow in order
2:18:54for me to be interested in the trade.
2:18:56Next to that, you have the eclipse. The
2:18:58eclipse is just another form of you
2:18:59placing a circle. If you want to go
2:19:01ahead and zoom into a market, for
2:19:03example, let's say I want to go to the
2:19:04lower time frame on this area right
2:19:06here. I just put the eclipse. I put a
2:19:08circle over here. And we go down to the
2:19:1030 minute time frame. And on the
2:19:1130-minut time frame, I know that that's
2:19:13where on the 4our time frame I had it
2:19:15circled. And I'm going to be looking for
2:19:17whatever market structure or whatever
2:19:20learning lesson that I need to look for
2:19:22it here. If I want to see how this
2:19:23specific market looks like on the
2:19:24weekly, I know that all I have to do is
2:19:26go to the weekly, find that circle,
2:19:28which will obviously be a lot smaller
2:19:30because you know that the higher the
2:19:31time frame, the tighter it's going to
2:19:33be. This is what that circle will look
2:19:35like on the weekly. If I want to see it
2:19:37on the daily, this is what it's going to
2:19:38look like on the daily. just an area for
2:19:40you to be able to identify the market
2:19:42and you can tell where you are in that
2:19:44market and then you can go and look at
2:19:46the details. Then that's going to be the
2:19:49final tool that you're going to add
2:19:51inside of this section. Next to that you
2:19:54have the text and notes. If you want to
2:19:56make sure you can add the text tool. So
2:19:58this right here is so you can write down
2:20:00your actual confluences onto the chart.
2:20:03So whenever I want to write down a note
2:20:05to myself I can either use this option
2:20:07over here. So I can use this notes
2:20:08option in this area of the trade or I
2:20:11can actually do it right on the chart
2:20:13which is where I like it a lot because
2:20:15I'm literally placing it right on top of
2:20:16the market. So for example here I am
2:20:19waiting for the market to come back to
2:20:22my area of interest or area of interest.
2:20:26Now if I want to make it longer just go
2:20:28like this. If I want to make the text
2:20:30smaller I click this button right here
2:20:32making it smaller. These are all just
2:20:34custom, you know, curious creature
2:20:36features that you can pretty much play
2:20:38with it, but it's just just a note thing
2:20:40pretty much. Under that, we have the
2:20:41call out. Call out is pretty
2:20:42self-explanatory. Let's say you're going
2:20:44to get on a call with me or you're going
2:20:46to get a call with my team and you want
2:20:47to review a trade. You simply get this
2:20:49call out pointed to this point and it's
2:20:51ask this,
2:20:54ask
2:20:56team this. So, for example, it's just so
2:20:59you have the specific spot that you want
2:21:01to actually write it down or review it.
2:21:04Or if you take a trade and you took a
2:21:05loss, for example, let's say, for
2:21:07example, this week I took a loss here on
2:21:10NDUSD. I'm going to use the call out
2:21:12option. And here's where I'm going to I
2:21:15took a loss, but I want to come back in
2:21:19one week and see how it reacted, for
2:21:22example, or how it reached this area, so
2:21:25on and so forth. Just a different way on
2:21:27how you can actually write down a note
2:21:28onto the market. Continuing from that,
2:21:30you have the emojis. We're not texting
2:21:32anybody. We're not, you know, putting
2:21:34emojis here. We're here to make money,
2:21:35not to put little hearts on our trading
2:21:38view. Ladies, if you're on here, you're
2:21:39going to put hearts on your charts.
2:21:41Sorry, not that guy. Guys, if you're
2:21:43going to put a heart on your charts, I
2:21:45think you should not be here. Totally a
2:21:47joke. If you want to put hearts, you can
2:21:48do whatever you want, but I've never
2:21:49done that in my life. This tool right
2:21:51here is going to be the measurement
2:21:53tool. So this tool is actually very
2:21:54useful when it comes to either measuring
2:21:56the size or the time of a market. So for
2:22:00example, let's say we want to know how
2:22:02long the market took from get to get
2:22:04from this point right here to this point
2:22:06right here. This market took a total of
2:22:0893 bars, which on the 4hour time frame
2:22:12is a total of 21 days and 12 hours. So
2:22:15you can just click the actual candle or
2:22:18anywhere in the chart and drag it left.
2:22:20And you can see how you continuously
2:22:21dragging it left. This is going to
2:22:23continuously move and it's going to
2:22:24measure how much time or the length of
2:22:27that move. Now, that is the time wise.
2:22:30Now, if you want to measure it in pips,
2:22:32which I'm going to get into pips right
2:22:34now, all you have to do is just go up
2:22:36and down. So, let's say you want to see
2:22:38how big a zone is. For example, let's
2:22:41say you want to measure this zone. You
2:22:43go to the top of the zone and then you
2:22:44go to the bottom of the zone. And you
2:22:46can tell that this zone is a total of 20
2:22:49pips. 20.3 pips. If you want to measure
2:22:53the size of this candlestick, you go
2:22:55from the top of the candlestick to the
2:22:57bottom of the candlestick and you can
2:22:58tell it is a total of 52 pips. And now
2:23:01if you want to measure it to the upside
2:23:03from this zone to this zone, you can
2:23:05tell that that is a total of 40 pips.
2:23:08Now what are these pips? What is a pip?
2:23:10Pip means point in percentage.
2:23:15Point in percentage.
2:23:18Percentage.
2:23:19So this is how you measure the market
2:23:22and the the length of it. So let's say
2:23:26this right now is uh two fighters,
2:23:29right? So these are two fighters. This
2:23:31is the pound versus the Swiss Frank. And
2:23:34this is when Mike Tyson or this is when
2:23:37the Swiss Frank beats up the pound. So
2:23:40this if this movement goes down that
2:23:42means that the Swiss Frank is getting
2:23:44stronger than the British pound. This
2:23:46move is happening right here. And you
2:23:47want to measure how strong that move
2:23:50was, you just measure it. You get this
2:23:52right here and then you measure it from
2:23:54the bottom up, from the top down, it's
2:23:57going to be the exact same pip amount.
2:23:59Pip is the point in percentage. So you
2:24:02measure that move in pips. In fighters,
2:24:05if they were to be fighting, oh, he
2:24:06knocked them down and he stayed down
2:24:08for, for example, if you were to measure
2:24:10this, he stayed down for 50 seconds. But
2:24:12in trading, this move went down 50
2:24:16points. Now, this is not correlated with
2:24:18time, but this is just how you measure
2:24:20the length of the move. In fighting, you
2:24:22measure the length of the knockdown
2:24:23based off of how long he was down for,
2:24:26for example. And I'm sure there's many
2:24:27different analogies that I can put to
2:24:28it, but it's just the first one that
2:24:29comes to mind. PIP is the point of
2:24:31percentage. It is the measurement that
2:24:33the market has. So, let's say a market
2:24:35goes, let's say you want to buy this
2:24:36market from this point right here to
2:24:39this point. You're aiming for 40 points.
2:24:41This 40 points is what the market is
2:24:44going to do. Now you risk behind like
2:24:47the you base your trade based off of
2:24:49these points. So let's say you want to
2:24:51risk $100. So if you risk $100 per
2:24:54point, you just do 100 times 40 and then
2:24:57you can go ahead and see how much
2:24:59profits you're going to be making. So
2:25:00for example, let's say we're going to
2:25:02have this buy position, right? So this
2:25:04buy position and I know I I can get this
2:25:06lit later into the actual technical
2:25:08parts when we get to the market, but
2:25:10let's say right here our stop loss is 20
2:25:12points, right? 20 pips. If we want to
2:25:15risk $500, we then go to our position
2:25:18size calculator. We can go to on
2:25:201xtrade.com. We can go to lq.com. They
2:25:23all have these cool position size
2:25:25calculators where you can pretty much
2:25:27base your account balance. And then from
2:25:29there, you can actually tell your lots,
2:25:30the lot size, and all that, which I'll
2:25:32get into that later into the actual
2:25:33video. But here, basically, you would
2:25:35tell, okay, so this has 20 pips down,
2:25:37and then this has 36 pips to the upside.
2:25:40That's how you measure how long your
2:25:42stop loss is going to be. and how long
2:25:45your takerit is going to be. Pretty much
2:25:47the tool actually measures it for you,
2:25:49but this tool also measures it for you
2:25:51for whatever reason you want to measure
2:25:53this zoom in option. Uh I I don't really
2:25:55know what it is. I'm going to click on
2:25:56it right now for the first time. Oh, I
2:25:58guess it's whenever you want to Oh,
2:26:00okay. So, I guess whenever you want to
2:26:01really like zoom into a piece of market,
2:26:03you can just get that tool. It's a
2:26:05pretty cool tool. And then I guess this
2:26:07is whenever you want to zoom out of it
2:26:08pretty much, but I've never really used
2:26:10it. Not really interested. This magnet.
2:26:12I have no idea what it's used for. This
2:26:14I have no idea what it's used for. This
2:26:16is for whenever you want to lock your
2:26:18drawings. I never really use this
2:26:19option, but I do use this option
2:26:21sometimes, which is where you want to
2:26:22hide all the drawings because sometimes
2:26:24when you're looking at the market, for
2:26:25example, let's say like my NZDUSD, like
2:26:28I have a lot of notes sometimes placed
2:26:30on the markets. And if I want to just
2:26:32remove all of these different noise that
2:26:33I have from my notes, I just look at the
2:26:35market for what it is. And don't worry,
2:26:37all those notes that I have there, I'm
2:26:39going to be educating you guys on what
2:26:40they are throughout the video. So, don't
2:26:41try and pause it and sneak in and zoom
2:26:43into it. Trust me, if you try and take
2:26:45the short way, you're going to you're
2:26:46going to confuse yourself because you're
2:26:47not going to be educated on that
2:26:49information. Correct. So, this tool
2:26:50right here is just to pretty much hide
2:26:52all of the options for however long you
2:26:54want it. This is going to be the I don't
2:26:57even know what this is. This is the sync
2:26:59drawing options. I've never used it. And
2:27:01then this is the the delete button if
2:27:02you want to go ahead and delete your
2:27:04drawings. And then after you favored
2:27:06every single one of these tools that
2:27:07I've just explained right now, all you
2:27:08have to do is put a star and then this
2:27:11tool kit pops up and down. Moving on to
2:27:14this top section over here is where we
2:27:16have the actual currency market that
2:27:18we're interested in trading. Once again,
2:27:20this is just another time frame that is
2:27:22telling you whether it's reflecting from
2:27:24here. This is the server that you are
2:27:26in. So you can either be in the end the
2:27:28server how I am now or whatever server
2:27:30you decide to pick. This is the color of
2:27:33the symbol that you have, the flag that
2:27:35you have on it. And these are just more
2:27:36settings that you can have and curious
2:27:38features on it, which I never really
2:27:40use. This area up here, I have no idea
2:27:42what this is. I guess this is the
2:27:44measurement of the path or the tool
2:27:46whenever it goes on Trading View, but I
2:27:48never ever look at these numbers. I just
2:27:49think it looks cool whenever I move it
2:27:51fast, how fast it also moves alongside
2:27:53with it. This option right here is the
2:27:55exact same thing. As you can tell, it
2:27:56just moves whenever I move the the path
2:27:59tool, but I don't really ever use it.
2:28:00This right here is if you want to demo
2:28:02sell or demo buy into the market, which
2:28:05you could do that, but I've already
2:28:06explained that it's best to go ahead and
2:28:07do that on Trading View just because
2:28:09it's a lot easier. Uh, I mean, you can
2:28:11go ahead and do that within the broker
2:28:12and Metatrader because you can take it
2:28:14with you on your phone. It's pretty
2:28:15self-explanatory. And then this option
2:28:16right here is where you can hide your
2:28:18indicators that you're going to be
2:28:20using, which the only two indicators you
2:28:22need to be using is going to be the EMA
2:28:24and the no gap candlesticks. So,
2:28:27everything I just educated you guys on
2:28:29right now is going to be Trading View,
2:28:31right? I get it. There's a lot of
2:28:32buttons. There's a lot of volume. But
2:28:33now that you look at it and you
2:28:35understand it, it really isn't that
2:28:36complicated. All you really need are
2:28:39these tools that you have up here. And
2:28:42that's pretty much it. You don't even
2:28:43need to click this button right here for
2:28:45the alert. You can just click right here
2:28:46on the right hand side. Whenever you
2:28:48want to search up a market, you just
2:28:49simply type it on the keyboard. And
2:28:51whenever you type it, it should just pop
2:28:53right up and then it comes over here to
2:28:55the side. All of this other information
2:28:56is literally just information overload
2:28:58and you don't need to know any of that
2:29:00stuff. So, this right here is Trading
2:29:02View. This is where you're going to
2:29:03spend 90% of your time, if not 95% of
2:29:07your time when it comes to actually
2:29:09executing the analysis of the market,
2:29:12and you're going to determine if you're
2:29:13interested in buying or selling. But at
2:29:16no point are you actually going to buy
2:29:18and sell off of this market. You're
2:29:20never going to deposit into this
2:29:21platform right here. This is just where
2:29:23you look at the market. Then you have
2:29:25the broker where you deposit the funds
2:29:27and then the broker creates the MT5
2:29:29account where you go and execute the
2:29:30trade. This everything right here are
2:29:32just simply the trading tools and
2:29:34platforms that you need to have when you
2:29:36are trading in the markets. Believe me,
2:29:40I wish I had these markets when I
2:29:42started trading because personally, I
2:29:44had so much unnecessary information on
2:29:46my charts that just simply cluttered my
2:29:48time and it wasted me from actually
2:29:50focusing on things that do matter and
2:29:52that's practicing a strategy, not trying
2:29:54to figure out what every single feature
2:29:55inside of Trading View was and if there
2:29:57was these different hidden secret
2:29:59websites that were going to lead me to
2:30:00understand if something was ready to buy
2:30:02or not. So, in this little zap right
2:30:04here, this is basically the latest
2:30:06update of the market. every single
2:30:08market will have that little lightning
2:30:09just shows you where the market is at
2:30:11that very moment. Obviously, this is
2:30:12where these markets are and it just
2:30:14gives you like the latest updates on it,
2:30:16but I never click on that either at all.
2:30:18These are just cool little features that
2:30:20Trading View has to offer. And if I
2:30:21didn't show it, this little lightning
2:30:23right here, it's just the latest updates
2:30:25of the market pretty much. So, once
2:30:26again, all you need is Trading View to
2:30:28analyze the markets. You need a broker
2:30:31to deposit your funds. I recommend LQ
2:30:33Markets or I recommend 1xtrade.com. And
2:30:36then the only other platform that you're
2:30:38going to need from that is maybe and if
2:30:40anything Forex Factory for you to
2:30:42understand if there is fundamentals that
2:30:44are going to be happening. Now later
2:30:45into this video I'm going to explain
2:30:46what fundamentals are good for and how
2:30:48you can actually leverage that into a
2:30:50profitable strategy. So we'll break all
2:30:51that down into the future. All right. So
2:30:53now that you understand how Trading View
2:30:55works, we're going to go back to
2:30:57MetaTrader 5, but I'm going to show it
2:30:58to you here on the actual Trading View
2:31:00just because I can show you everything
2:31:01on one spot. So I know we're going back
2:31:03and forth. So bear with me. have some
2:31:05patience because I'm trying to explain
2:31:06to you every single feature of trading
2:31:08all inside of the same section so you
2:31:10guys can know exactly how to use it all.
2:31:12So, this right here is probably when you
2:31:13were looking at Metatrader 5 on your
2:31:15phone and you were probably a little bit
2:31:16confused whether you were ready to
2:31:18actually either place a market instant
2:31:20execution, you're probably curious on
2:31:22what's a buy limit, sell limit, buy
2:31:23stop, sell stop, and these other pending
2:31:26orders that are right here. So, this is
2:31:28once you are ready to go ahead and
2:31:30execute the trade. So, let's say you're
2:31:31looking at NZD JPY, for example, and
2:31:34you're ready to go ahead and execute
2:31:36that trade and you're ready to place
2:31:37either a buy or a sell. So, if you want
2:31:39to place a buy or a sell based off of
2:31:41where the market is exactly right now,
2:31:44you would just go ahead go to market
2:31:45execution. You would put your stop loss
2:31:47and then you would put your takeprofit
2:31:48and then you would immediately take the
2:31:50trade. So, if you were to put your
2:31:51takeprofit, it would look something like
2:31:53this. And then if you would put your
2:31:54stop loss, it would look something like
2:31:56this. All you would have to do is come
2:31:58to the MetaTrader 4 or the MetaTrader 5
2:32:00app and then all you would have to do is
2:32:01just place the stop-loss numbers and
2:32:03place the takerit numbers. So the stop
2:32:06loss number for example right here it
2:32:08would be on this trade for example you
2:32:10were to look at it on this section you
2:32:12could look at either on the right hand
2:32:13section or you could just double click
2:32:15on it. You go to inputs and your stop
2:32:17loss is 87.670.
2:32:20So you would go over here, you would
2:32:22bring up your MetaTrader 5, and then you
2:32:24would go ahead and implement right here
2:32:26in your stop loss the numbers that you
2:32:29see right here. So your stop-loss level
2:32:30is going to be 87.670.
2:32:3487.670.
2:32:36And then you would go ahead and place
2:32:37your takerit. So your takerit is the
2:32:39green area. And then on this takerit
2:32:41area, you would go ahead and put 88736.
2:32:45So take profit, you would put 88736.
2:32:49So then this right here would be your
2:32:50take profit positions. Then after that
2:32:51you have the deviation which I have
2:32:54absolutely no idea what that is. I have
2:32:56never placed anything on that button
2:32:58right there. All I know is whenever I
2:33:00want to trade whenever I want to take a
2:33:01trade live based off of where the market
2:33:03is, I go ahead I place my stop loss. I
2:33:05place my takeprofit and then I click
2:33:07buy. Now before I click buy, I need to
2:33:09make sure that I can calculate my risk
2:33:12on the position. So if you notice here,
2:33:14this lot size is going to be 0.05.
2:33:17Now, you're probably wondering, Alex,
2:33:19what does that mean? What is a lot size?
2:33:21How does that work? Well, it's actually
2:33:22very simple. Your lot size is what's
2:33:25going to determine the actual risk on
2:33:27the position that you're going to be
2:33:29taking. So, if you want to risk a $100
2:33:32inside of this trade right here, right?
2:33:34So, for example, let's say you have a
2:33:35$1,000 trading account, right? Your
2:33:37balance on the account is $1,000. You
2:33:40deposited $1,000 inside of 1x trade. So
2:33:44on your MetaTrader 5, it says $1,000,
2:33:48but out of those $1,000, you want to
2:33:50only risk 50 bucks, right? That is what
2:33:53you are okay with risking on this
2:33:55position right here. All right, cool.
2:33:58That's a great percentage based off of
2:33:59your account. And this trade, you're
2:34:01going to be risking $50 to potentially
2:34:03gain $100. That is a positive
2:34:06risk-to-reward ratio. Now, how do you
2:34:08calculate that lot size that you need to
2:34:11go ahead and place into your position?
2:34:12Because once again, this lot size that
2:34:15you're going to be placing right into
2:34:16your MetaTrader 5, that needs to go
2:34:19directly before you click the buy or the
2:34:22sell button. You can't click buy or sell
2:34:24into the market until you haven't
2:34:26pre-calculated your lot size. Now,
2:34:28determining your lot size is extremely
2:34:30easy. So, you can come over here to
2:34:321xtrade.com. You can go to their lots
2:34:34size calculator or you can go to LQ
2:34:36Markets and you can go to their position
2:34:38size calculator, whichever one you like
2:34:40best. And let's say right here you're
2:34:41going to put your account balance. So
2:34:43let's say your account balance is $1,000
2:34:45for the example that we're using right
2:34:47now. And you want to risk 50 bucks. So
2:34:4950 bucks is 5% of your account. And
2:34:52let's say your stop loss in pips is
2:34:54going to be a total of 35 pips. For
2:34:58example, let's say we go back to this
2:34:59trade right here. And this is a 30 pip
2:35:01stop loss. So as you can tell, this is a
2:35:0330 point stop loss. This number right
2:35:06here amount 750. I have no idea what it
2:35:08is. This percentage, I have no idea what
2:35:10it is. And this stop 0307,
2:35:14I have no idea what it is. All I know is
2:35:17that this number right here, 30.7
2:35:20is the amount of pips on this actual
2:35:23position. So, let's say this trade is
2:35:25actually a total of 30 pips. All right,
2:35:28cool. Now, I know for the takerit, I'm
2:35:30targeting to have 61 pips. Now, I don't
2:35:33know what this percentage is, and I
2:35:35don't know what this target is. All I
2:35:37know is that this is the pips for the
2:35:38takerit. This is the pips for my stop
2:35:40loss. And my risk-to-reward ratio is A2.
2:35:44I don't know what this quantity is. And
2:35:46I know this open P&L is going to tell me
2:35:48how many pips I am in draw down or how
2:35:50many pips I am in profit. Is this
2:35:52fluctuates depending how price is
2:35:54moving. But I set the time of us taking
2:35:56this trade right at this point right
2:35:58there. This is going to be my pip count
2:36:01for the stop loss. All I have to do is
2:36:03come back to my lot size calculator. My
2:36:06pip size is going to be 30 amount, 30
2:36:08pips. And then what currency pair are we
2:36:10going to be trading? So this currency
2:36:12pair that we're going to be trading is
2:36:14NZD JPY. The New Zealand dollar versus
2:36:16the Japanese yen. So all I have to do is
2:36:19type here NZD
2:36:21JPY.
2:36:24NZD. One second.
2:36:28Oh, I guess we have to look through it
2:36:29like this. We type it in. Doesn't pop
2:36:32up. We could just look for it. Boom.
2:36:33Boom. Boom. And it's probably organized
2:36:37in order. There's so many different
2:36:38currency pairs right here. NZDJPY. And
2:36:41then all I have to click after that is
2:36:43just simply calculate risk. Now, my lot
2:36:45size in order for me to risk $50 with my
2:36:50$1,000 account and a 30 pip stop-loss is
2:36:530.17.
2:36:55Now this trade right here as soon as I
2:36:57am going to go enter the trade when I go
2:36:59place my stop loss all I have to do is
2:37:02put 0.17
2:37:05on this lot size. I put the number of my
2:37:09actual stop-loss 87.650
2:37:12right here and then I put my takeprofit
2:37:14which is going to be 88.570
2:37:17at this point right here. And then I
2:37:19click buy at no matter what happens in
2:37:21this market. Trump could come out with
2:37:23the craziest tweets. another Corona
2:37:25virus, uh, another anything pandemic
2:37:28could happen. This can have a massive
2:37:30candlestick to the downside like this or
2:37:32a massive candlestick to the upside like
2:37:34this. The most I will ever lose on this
2:37:37position is going to be those $50. Why?
2:37:40Because I have a stop-loss and I have it
2:37:42calculated with the lot size. So, I know
2:37:44exactly how much I am risking on this
2:37:46position. As soon as I am entering this
2:37:48market, that is exactly what I am going
2:37:50to be risking. I will not lose any more
2:37:53than what I have pre-calculated here.
2:37:55And I will not gain more than what I
2:37:57have pre-calculated here. As soon as the
2:37:59market comes to this area, the market
2:38:01will automatically take me out at my
2:38:03stop loss at this point right here. As
2:38:05soon as the market comes up to this area
2:38:06over here, the market will automatically
2:38:08take me out at this area right here. The
2:38:10beauty of this right here is that you
2:38:12know exactly how much you are risking to
2:38:15exactly how much you can potentially
2:38:16gain. There is no random outcome. There
2:38:19is no uncertainty what can potentially
2:38:21happen. You know exactly what is going
2:38:23to happen. So MetaTrader 5 when you are
2:38:26going to go execute your position and an
2:38:28instant execution you have to just make
2:38:30sure that you simply just click zero.
2:38:32You simply just place your stop loss you
2:38:35place your takeprofit and you calculate
2:38:36your risk. Then you click the buy or the
2:38:39sell button. Now the only difference in
2:38:41between instant execution, buy limit,
2:38:44sell limit, buy stop, sell stop, buy
2:38:46stop limit and sell stop limit is that
2:38:48you pretty much predict or you place the
2:38:51area where you want for the market to
2:38:53enter you right away. So a buy stop is
2:38:56an order placed above a current price
2:38:59and you're basically going to be entered
2:39:01into the trade as soon as the market
2:39:03gets to that point. So for example,
2:39:05let's say I place a buy stop order,
2:39:07right? So let's say we want to place a
2:39:09buy stop. I would place the market right
2:39:11here. So as soon as I click the buy stop
2:39:13option, there's only one tab more that's
2:39:16going to open and that's the area where
2:39:18you want to place where where you want
2:39:19to place the price. So this is where you
2:39:21want to place the price. So this price
2:39:23is going to be at 88145.
2:39:27So you are telling Metatrader 5 that
2:39:30whenever the market gets to this price
2:39:3388145
2:39:35the market is going to immediately enter
2:39:37you the position. So this is if you have
2:39:39to go to work or you have to go to the
2:39:40gym or you have to go to sleep. Whenever
2:39:42the market breaks through this area it's
2:39:44going to automatically enter you into
2:39:47the position with your pre-calculated
2:39:49stop-loss with your pre-calculated
2:39:51take-profit. Everything is exactly the
2:39:53same. The only difference is that you
2:39:55are literally just placing price
2:39:57whenever and if price ever gets there,
2:39:59it's going to enter it automatically for
2:40:01you. That's pretty much it. When it
2:40:03comes to a sell stop, it's the exact
2:40:05same thing, but just to the downside.
2:40:07Let's say you want to sell this market,
2:40:08but you don't want to sell this market
2:40:10right here, and you see yourself that
2:40:12you're going to be having a long day at
2:40:14work or a long day outside of the
2:40:16office, but you know, once price breaks
2:40:18this area, you would be interested in
2:40:20executing the position. Okay, cool. So
2:40:23you just simply place a sell stop and as
2:40:26soon as price is below that current
2:40:29price and that's where you're going to
2:40:30be immediately entered into the position
2:40:33as if you were to be executing the
2:40:34market at that point. And then you have
2:40:36what is called a sell limit and a buy
2:40:38limit. So it's an order placed above the
2:40:41current market price anticipating that
2:40:43it's going to fall. And a buy limit is
2:40:45basically you're placing a limit below
2:40:47the current market price while the
2:40:49market and you're anticipating for it to
2:40:51rise. So let's say at this price right
2:40:53here, you want to go ahead and you want
2:40:55to place a sell limit. Now for you to
2:40:58place this sell limit, let's say you
2:41:00want price to get to this point right
2:41:02here. Let's say you want market to get
2:41:04to 88.277.
2:41:07Once price gets to this area right here,
2:41:10you're going to enter the market as a
2:41:12sell. So let's say you identify this to
2:41:14be a very strong level of resistance.
2:41:16Whenever the market gets there, you want
2:41:18to be immediately entered into a sell.
2:41:20Once again, you predetermine your stop
2:41:22loss. You predetermine your takeprofit.
2:41:24You just see yourself that you're going
2:41:25to be busy and you can't place the limit
2:41:26and it places it for you. The buy limit
2:41:29is pretty much the same. It's just vice
2:41:31versa. So, let's say you don't want to
2:41:33buy right here because it is way too
2:41:34high and you want the market to buy at
2:41:36this point right here. You see price is
2:41:38going to have a reaction from this area
2:41:41from we're going to double click this
2:41:42area. It's going to be 87.723.
2:41:45Okay, cool. So, whenever price makes it
2:41:47to this area and if it has a dip down
2:41:49into this area, it's going to
2:41:51automatically enter you into the buy
2:41:53position. Let's say the market continues
2:41:55to go down. Well, you entered the market
2:41:58at that position. That's why I don't
2:41:59like using these pending orders because
2:42:02the momentum coming into these zones
2:42:04could be very strong. And if you were
2:42:06just to be watching the market live, you
2:42:08could probably avoid a loss because
2:42:10price can come very strong into this
2:42:12area and within the same candlestick or
2:42:14within the same minute go straight to
2:42:16your stop loss. And just because you
2:42:18entered it off of a specific zone, you
2:42:20simply got stopped out. But if you were
2:42:22probably watching the market live as it
2:42:24was having that deep retracement, you'd
2:42:26probably be like, you know what, I'm
2:42:28going to wait for this momentum to slow
2:42:29down a little bit to see if I can get a
2:42:31better entry. and then there you can
2:42:33potentially avoid a a loss or even get a
2:42:36better entry all the way down here.
2:42:38Instead of using these pending order
2:42:39limits that basically execute the trade
2:42:41for you, I would much rather use my
2:42:43alarms. So, I put an alarm at these
2:42:45specific areas and once price gets
2:42:47there, I will then be looking at the
2:42:49market to see if I'm interested in
2:42:51executing the trade. Now, I did this
2:42:53while I was working at Dunkin Donuts. I
2:42:54worked at Dunkin Donuts for a couple of
2:42:56years and I had multiple different jobs
2:42:58and at no point did I put these limit
2:43:01orders as the decision maker to enter
2:43:04the trade for me. I wanted to make sure
2:43:05that I am entering the trade based off
2:43:08of a real confluence that I am actually
2:43:10having. At no point did I want to enter
2:43:12the trade just based off of momentum.
2:43:15And if that doesn't make sense right
2:43:16now, don't worry. I'm going to be
2:43:17explaining all that later when we
2:43:18actually get into the actual strategy.
2:43:20But that is exactly what these limit
2:43:22orders are and pretty much how they
2:43:24work. And then the only difference in
2:43:26between a buy stop limits and then a
2:43:28sell stop limit is that you can pretty
2:43:30much just place it limits at these types
2:43:33of orders. So you can either place a
2:43:35sell limit or a buy limit or you can
2:43:37place a limit on these orders as well.
2:43:39Pretty much the same thing. You're just
2:43:41setting different limits. But I can
2:43:42guarantee you if you want to use my
2:43:44profitable strategy and everything I'm
2:43:45going to be teaching you inside of this
2:43:47video and every other video that I've
2:43:48created, at no point do I ever use any
2:43:51of these right here. But I do have to
2:43:52educate you on it because sometimes
2:43:54temptation might be there just in case
2:43:56if you are busy and you want to just
2:43:58place a limit in the event that you know
2:44:00you're not going to be in front of the
2:44:01markets. I think it's just a lot. Okay,
2:44:02so now that you guys understand exactly
2:44:04how a buy stop and a sell stop works.
2:44:07You guys understand a buy stop was when
2:44:09it breaks through, sell stop when it
2:44:10breaks through, and how these limit
2:44:11orders work, let me actually just go
2:44:13ahead and show you over here back on
2:44:15Metatrigger 5 once again. Right? So here
2:44:17we have our 100 bucks that we just
2:44:18deposited. We're going to go back over
2:44:20to the currency market. So let's say for
2:44:23example, we want to go ahead and trade
2:44:25EuroUSD. Right? So we click on this
2:44:28trade button for us to actually execute
2:44:29the trade. Now once again just taking a
2:44:32quick step back on this EuroUSD trade.
2:44:34If you click on chart the chart will pop
2:44:36up. If on the EuroUSD trade we click
2:44:39details details will pop up. And then if
2:44:41you were to click on statistics
2:44:43statistics will pop up. The only button
2:44:45that we will ever really be using is
2:44:47just going to be the trade button. So we
2:44:49can go ahead and click the trade button.
2:44:51So we want to make sure that we are
2:44:52going to do a instant execution on this
2:44:55market. So we can execute the trade
2:44:57right now where the market is at this
2:44:59point. So if I were to go ahead and take
2:45:02you to the EuroUSD chart. So from the
2:45:04last time that we spoke, the market has
2:45:06moved a bit. So this market right now on
2:45:10EuroUSD is for example, let's say at
2:45:13this area right around over here. So if
2:45:16we would have actually entered the trade
2:45:18where I placed it last week when I was
2:45:20recording this video, we would have
2:45:22actually won this trade. This would have
2:45:23been a beautiful win from the market
2:45:24where we were actually executing the
2:45:26trade. But we're up over here now,
2:45:28right? So, this trade is having some
2:45:29pretty pretty clean momentum and say you
2:45:31want to buy this market. So, we're going
2:45:32to go ahead and go to MetaTrader 5.
2:45:35We're just going to put a 0.01, which is
2:45:38the smallest lot size that you can
2:45:39possibly put. And we're just going to
2:45:41put market execution. Let's say we want
2:45:43to buy this trade at this point right
2:45:45here. Let's put our stop loss very tight
2:45:47at this point. And let's put our takerit
2:45:49very tight to this point right here. So,
2:45:51our stop loss is 1.18001.
2:45:55But our stop loss 1.18001
2:45:59[Music]
2:46:00and our takerit is going to be 1.18
2:46:041.18308
2:46:07and we simply just click buy and that's
2:46:10it. We're into the market now. As you
2:46:12can see as soon as we enter the market
2:46:13we are in some draw down in this
2:46:15position. Now this position is once
2:46:17again is in draw down because we are
2:46:19obviously having a cost to enter this
2:46:22trade which we are having some fee some
2:46:24spread and as you can tell that fee in
2:46:27that spread it pretty much was already
2:46:28gone because the trade is in momentum
2:46:30and we're going into profit and once you
2:46:32start making profit those fees are
2:46:34pretty much you don't even see them
2:46:35anymore right so this trade right here
2:46:37if you were to want to close it you can
2:46:39just tap on it and you can click close
2:46:41position you can modify position go to
2:46:44chart or click on bulk operations. Right
2:46:47here, you can see your exact stop-loss
2:46:49once again to the bottom left corner of
2:46:50this pop-up tab. You can then see your
2:46:52takerit, the time, and the swap. The
2:46:55swap is the cost for you holding the
2:46:57position overnight or over the weekend.
2:47:00And the fee of that would just pop up
2:47:02there. So, you have an idea on how much
2:47:03actual profit you are in this position.
2:47:06So, at this very moment, once you enter
2:47:09a trade, you pretty much just have to
2:47:10set and forget and let the trade do its
2:47:12thing. You either let the trade hit your
2:47:14stop loss or let the trade hit your
2:47:15takeprofit. Now, later on into this
2:47:17video when I'm I'm going to actually
2:47:18teach you a strategy on how you actually
2:47:20exe execute these trades at the right
2:47:21areas. You're going to know when exactly
2:47:23to enter and how to manage your trade
2:47:25because a lot of traders, they maybe
2:47:27know how to analyze the markets. But the
2:47:29reason why they're not profitable is
2:47:30because they don't know how to properly
2:47:32manage a trade. And I want to educate
2:47:33you guys on different ways of actual
2:47:35trading first before you actually know
2:47:37how to manage a trade. because you first
2:47:39need to learn how to trade before you
2:47:41can learn how to manage it. And while
2:47:43me, I was just talking and explaining
2:47:44that, you can just see how we went from
2:47:46being negative 20 cents to pretty much
2:47:48now being break even or positive 2 to 3
2:47:50cents. Now, if I were to want to close
2:47:52this position, all I would have to do
2:47:54once again is just click on that close.
2:47:56Click on the tab of the actual trade. I
2:47:58could go ahead and click close. And at
2:48:00this point, I would just click close,
2:48:02that orange bar that has just popped up
2:48:04there, and it would say you would close
2:48:06with 13 cents in a loss. Now, if you
2:48:08don't want to close in a loss, you can
2:48:09just wait. And if you want to modify
2:48:11your position, you can just click on
2:48:13modify. And let's say for whatever
2:48:14reason, you want to open your stop loss
2:48:16and make it a little bit bigger, you can
2:48:18just simply modify your stop loss. So,
2:48:20let's say you want your stop loss to be
2:48:211.17966.
2:48:25All you have to do is click modify and
2:48:26you come here modify 1.17966
2:48:32and then you just click modify and then
2:48:34you stay in the exact same position. You
2:48:36just simply modify your take profit.
2:48:38Let's say once again you want to modify
2:48:40your your stop loss. Let's say you want
2:48:41to modify your takeprofit to this area
2:48:43over here. Cool. Not a problem. You
2:48:46simply get this and now your new take
2:48:48profit is 1.1413.
2:48:52It's always good to double triple check
2:48:53because these numbers literally
2:48:55determine your profits. Click modify and
2:48:58now your trade is modified. You don't
2:49:00get moved into the position. You don't
2:49:02get entered into a new position. You are
2:49:03just simply modifying your position
2:49:05after you have entered it. So this right
2:49:07here is every single button that you're
2:49:09really going to be using when it comes
2:49:11to the MetaTrader 5. Once you're in the
2:49:13position, once you click on trade, it
2:49:16could just give you the option to add
2:49:18another position. If you were to click
2:49:20chart, it's going to take you to the
2:49:22actual chart on MetaTrader 5. Just so
2:49:24you can actually see where your stop
2:49:26loss is on the chart, which would be at
2:49:28this area right here. Gives you a real
2:49:30representation of where it is. And then
2:49:32where your takerit is, it gives you a
2:49:33real representation of where it is. If
2:49:35you were to click bulk operations, if
2:49:37let's say you were to have many
2:49:38positions available, this would enter
2:49:40you in all of these positions at the
2:49:42same time. So let's say I agree to the
2:49:44terms and conditions. I click on bulk
2:49:46operations. I can close all positions.
2:49:48close all losing positions, close all
2:49:50buys in position, close. It just depends
2:49:52how many positions you have open. You
2:49:54can customize the execution that you
2:49:56want to do at this point. Personally,
2:49:57myself, whenever I actually go close a
2:49:59position, I usually tend to have
2:50:01multiple lots open simply because I have
2:50:04a lot of trades at the same time, I just
2:50:06click close all positions and it'll
2:50:08close them all at the exact same time. I
2:50:10don't have to go manually one by one and
2:50:12then click close. It just saves me about
2:50:1510 seconds. That's really it. So that's
2:50:18pretty much every single feature when it
2:50:20comes to this MetaTrader 5. The last one
2:50:21and most creative one is I say you want
2:50:24to not close the whole entire position.
2:50:26Let's say you want to close partial. Now
2:50:28this would only work if we were to be in
2:50:29this position for more than 0.01 lots.
2:50:33For example, let's say we would be in
2:50:35this position 0.10
2:50:38and you want to close half of your
2:50:40position. You can simply come into here
2:50:41and close 0.05 05 and then you click
2:50:45close and then you would be closing 50%
2:50:48of your position. So this is every
2:50:50single feature that it comes to actually
2:50:52executing a trade with straight market
2:50:55execution. Let's say you want to enter a
2:50:57trade and then you actually have a buy
2:50:59limit for example. So let's say we we
2:51:02want to have a buy limit on this market
2:51:03and we want the limit to be based off of
2:51:05this area right here. So for now let's
2:51:07get rid of this risk-to-reward tool. We
2:51:09want to enter the market once the market
2:51:11hits this price point right here. So
2:51:13that's going to be
2:51:16the entry price is 1.18120.
2:51:20So price will be 1.18120.
2:51:26Stop loss is going to be 1.1
2:51:307879.
2:51:33And then your takerit is going to be 1.8
2:51:3628
2:51:38361.
2:51:40All you have to do is just simply click
2:51:42place. And that is it. So now, as you
2:51:45can tell, you're not in profit or in
2:51:47draw down. What you have placed is a
2:51:50market execution. So once the market
2:51:52comes into this area, it will
2:51:53automatically enter the position while
2:51:55you're anticipating for it to go up. It
2:51:57could come into this area and then keep
2:51:58continue going to the downside, but just
2:52:00depends on the type of order that you
2:52:01have placed, it will execute you into
2:52:03that market. This right here is great
2:52:05for people once again that aren't
2:52:07available to be in front of the markets
2:52:08all of the time. And if for whatever
2:52:10reason after you place the limit, it's
2:52:12been hours and the trade hasn't been
2:52:14executed, all you simply have to do is
2:52:16click it and you can delete the order
2:52:19that you have placed or you can modify.
2:52:22You can either change your stop-loss,
2:52:24you can change your entry price, change
2:52:26your takerit or you can just delete it
2:52:28as a whole. So if you were to delete it,
2:52:30you just click on the delete button.
2:52:32It's going to give you the confirmation
2:52:33and then you go to the history tab and
2:52:35on the history tab it should pop up like
2:52:37an order that you had in in the past or
2:52:40no since it was in a position it won't
2:52:42pop up when you actually close a
2:52:44position like this one. Let's say we
2:52:45close it right now at 50 cents in a
2:52:47loss. We can see it over here how this
2:52:49was a position that we entered and how
2:52:51it has actually closed. So this right
2:52:54here is pretty much every single feature
2:52:56inside of MetaTrader 5. And when you go
2:52:58withdraw your funds from MetaTrader 5,
2:53:00you don't actually withdraw your funds
2:53:02from MetaTrader 5. You withdraw it from
2:53:04the broker that you are going to be
2:53:06trading. And then that broker will
2:53:08reflect that price on the actual
2:53:10MetaTrader 5. And now, for example,
2:53:12let's say that we want to go ahead and
2:53:13withdraw our $99, right? Because we lost
2:53:16the position, we're not happy about it,
2:53:17and we just want to get the money back.
2:53:19You can't withdraw Metatrader 5.
2:53:20Metatrader 5 is not the broker. You need
2:53:22to make sure that you go to the broker
2:53:24so you can go ahead and actually
2:53:25withdraw your funds. So remember
2:53:28MetaTrader 5 is the platform where you
2:53:30are going to execute the position.
2:53:32Anything related to the money in or out
2:53:34of the actual platform is going to be on
2:53:37the broker. So the money is reflected on
2:53:40MetaTrader 5 for you to actually place
2:53:42the trades. But when you want to
2:53:44withdraw the money, you have to go back
2:53:45to the broker and request the withdraw
2:53:48from the broker. Once you withdraw the
2:53:50funds, it's going to reflect on
2:53:52MetaTrader 5. And then from there,
2:53:54you're going to go ahead and do whatever
2:53:55with the funds once you have withdrawn
2:53:57them. But MetaTrader 5 never has your
2:53:58funds. They don't get access to your
2:54:00funds. They're just a a platform that
2:54:01just shows the trades and shows the
2:54:04profit and loss pretty much. But where
2:54:06the funds actually are are within the
2:54:09broker that you're going to be using,
2:54:10whether it be 1x trade or it be LQ
2:54:13Markets. So, with that being said, that
2:54:15is pretty much everything when it comes
2:54:16to market orders, uh, and how to
2:54:19actually take a trade, how to place
2:54:21these orders, every single feature
2:54:22inside of MetaTrader 4, Metatrader 5.
2:54:24Now, I want to get into actual types of
2:54:27trading. I want to educate you guys on
2:54:29fundamental trading. I want to educate
2:54:31you guys on technical trading and how I
2:54:33personally do it. So, within this video,
2:54:35you guys can go ahead and actually start
2:54:37to begin executing trades by the end of
2:54:39it. Now, if you guys aren't subscribed,
2:54:41make sure you guys hit that subscribe
2:54:42button. This is one of the many videos
2:54:44that I'm being created for you guys. So,
2:54:46if you guys aren't subscribed to the
2:54:47channel, you're going to be missing out
2:54:48on a bunch of videos, including other
2:54:50valuable ones like this one. So, hit
2:54:51that subscribe button. It doesn't cost
2:54:52you anything. And personally, I believe
2:54:54this is going to be one of the best
2:54:56videos that you're going to have in
2:54:57order for you to learn trading from zero
2:54:59to 100. So, with that being said, let's
2:55:01continue. So, now that you understand
2:55:03all that, let's move on to our next
2:55:05subject, which is going to be
2:55:07fundamental analysis. Now, before I get
2:55:09into fundamental analysis, we already
2:55:11know what technical analysis is. This is
2:55:13when for you to determine if you want to
2:55:15buy or sell the market. You're going to
2:55:16focus your analysis on the candlesticks,
2:55:19on price action, which you're going to
2:55:21be reading the candles. You're you're
2:55:22going to be reading the candlesticks
2:55:23going to the upside or to the downside.
2:55:25That's where you're going to make a
2:55:26decision whether you want to buy or sell
2:55:29the market. It's all going to be based
2:55:30off of reading the charts, reading the
2:55:33candlesticks, reading technical
2:55:35analysis, price action. It's all the
2:55:36same thing for you to determine if you
2:55:38want to buy or sell the market based off
2:55:40of technical analysis, price action, or
2:55:42candlesticks. This is what it's going to
2:55:44be. Now, let's say you want to base your
2:55:47trade, if you want to buy or sell the
2:55:49market off of fundamental analysis. This
2:55:51is focused on when you read the
2:55:53underlying articles of either a company
2:55:56that can directly reflect the price of a
2:55:58currency, the underlying writing of a
2:56:01economy on a country, a news event or
2:56:03just the economy as a whole of the
2:56:06country that directly reflects on the
2:56:07currency. So fundamental analysis
2:56:10trading is exactly what it is. You are
2:56:12reading the fundamentals in order for
2:56:14you to determine if you are interested
2:56:16in entering a buy or entering a sell.
2:56:19You're basically going to go out there
2:56:20and find different articles of a certain
2:56:23country and see the previous times that
2:56:26articles similar to this reflected the
2:56:28price. And then there you're going to
2:56:29determine if it's a good time to buy or
2:56:31if a good time to sell. At no point do
2:56:33you ever go to the actual technical
2:56:35charts for you to determine if you want
2:56:37to buy or sell the market. That's what
2:56:39technical trading is for. So fundamental
2:56:41analysis traders are a bit more on the
2:56:44higher time frames because they're just
2:56:46using the overall direction of where the
2:56:49economy should be going and then they
2:56:51make the decision based off of that. For
2:56:53example, if they cut interest rates, the
2:56:55dollar should get stronger or weaker. Or
2:56:57if they start printing more money, the
2:56:58dollar gets stronger or weaker and then
2:57:00they base their trade off of that. Now,
2:57:02this is a lot more long-term way of
2:57:04trading. But some traders have gotten
2:57:07very creative and they've combined both
2:57:09of these as a whole. So they will do
2:57:12their main technical analysis off of
2:57:14price action and then as they're going
2:57:16to go into the trade, they go and check
2:57:18out if there is certain fundamental
2:57:20analysis or certain fundamentals coming
2:57:22out to see if it can add a certain
2:57:24confluence to the trade. For example,
2:57:26let's say we would be using Forex
2:57:28Factory as one of these examples. Right
2:57:29now it's Wednesday, September 17th. And
2:57:32at the time of us trading today at 2:00
2:57:35in the morning, there was going to be
2:57:36well, tomorrow at 2:00 in the morning,
2:57:38there's going to be GBP news. And let's
2:57:41say, for example, that I'm interested in
2:57:42trading the Great British pound. I can
2:57:44go ahead and look into this news
2:57:46article. And this is going to have
2:57:49everything is this is basically
2:57:50everything that the forecast is going to
2:57:52potentially be. These are the other
2:57:53dates that it's had a very similar news
2:57:56event to this day. This is what they
2:57:58forecasted. This is what it was
2:58:00previously and this is what actually
2:58:01happened. If you notice it was
2:58:03forecasted to be one point up. It was
2:58:05actually two points up from the previous
2:58:07one. I'm sure that had a very minimal
2:58:09impact in the market. If you want to go
2:58:11and verify that you can just go to this
2:58:13date on any great British pound market
2:58:16and then you can see if it actually had
2:58:18some type of effect. The CPI news
2:58:21sometimes work. So they they sometimes
2:58:23do this, sometimes don't. Personally, in
2:58:24my opinion, from my last four years of
2:58:28really like doubling down and becoming a
2:58:30better trader, I'd say 80% of the time,
2:58:32the actual fundamentals, follow the
2:58:35technical analysis. So, whatever you
2:58:37properly understand with price action,
2:58:40right? Cuz this is the big thing like
2:58:42you need to properly know how to read
2:58:44price action. Now, I'm not saying you
2:58:46need to properly have a strategy for you
2:58:48to deter for you to have accuracy with
2:58:50the news. No, that's that's not what I'm
2:58:52saying. I'm saying if you know how to
2:58:54read price action, you can be a scalper,
2:58:57a day trader, swing trader, you can be
2:58:58whatever type of trader, but as long as
2:59:00you know how to read price action
2:59:02correctly, you can determine if
2:59:04something is bullish or bearish. The
2:59:05news 70% of the time will follow the
2:59:09trend of where the price action
2:59:11dictates. That is a simple fact right
2:59:13now. I'm not saying if you have my
2:59:15strategy or if you trade with my
2:59:16strategy that the fundamentals will
2:59:18follow that strategy. No, no, no. I'm
2:59:21not saying that. I'm just saying that
2:59:22the fundamentals will follow the overall
2:59:24trend of price action. And some people
2:59:27wrongfully analyze the trend. So
2:59:29fundamentals are just simply news events
2:59:31that come out every single day on each
2:59:34currency. You have some news events like
2:59:36CPI. You have some new news events like
2:59:38BOC rate, overnight rates, press
2:59:41conferences, FOMC, which tends to be one
2:59:44of the biggest ones. Then we also have
2:59:46unemployment. We have NFP, official bank
2:59:48rates. These are all different types of
2:59:51news events that affect the currency of
2:59:54that country. So for example, let's say
2:59:56that I am interested in taking a trade
2:59:58on USDCHF or let's say US Euro USD for
3:00:02example on Wednesday like okay we do
3:00:05have minor news events at 3:30 in the
3:00:07morning on the euro. H does it make
3:00:10sense to take the trade? Sure. Or you
3:00:11know what I want to sit on the side
3:00:13because I don't know what the president
3:00:14is going to say and it might affect the
3:00:16currency very significantly. And let's
3:00:18say I'm interested in taking the trade
3:00:20at on, you know, Euro USD and I don't
3:00:22find the trade in the morning, in the
3:00:24afternoon. I say, okay, you know what?
3:00:25I'm going to use these news events in my
3:00:27favor. I'm going to use it to actually
3:00:28get out of the trade. Personally, in my
3:00:31experience from trading, I tried so hard
3:00:33to figure this out and try to find a
3:00:35potential edge on reading the market.
3:00:38And the truth of the matter is that
3:00:40there is no real edge. The news are
3:00:42going to have their news event flashes
3:00:44no matter what. There's some events
3:00:46where they're going to have major moves
3:00:47to the upside, major moves to the
3:00:49downside, and some like it's it just
3:00:52it's going to do what it's going to do.
3:00:53Whenever news events come out, the
3:00:56brokers mark up their spreads and their
3:00:58fees just because that's what goes down
3:01:00in those news events. A lot of money
3:01:01gets moved because the big banks and the
3:01:03big institutions, they get scared. They
3:01:05don't know if the federal funds rates
3:01:07are going to get cut in their favor or
3:01:10against them. And then based off of
3:01:11that, they're going to move the money
3:01:13around, which in turn affects the
3:01:15liquidity that the brokers get, which
3:01:17then they have to change and modify the
3:01:19spread. So then they aren't negative on
3:01:21the business. It's just the news events
3:01:23are a whole mess, right? And so many
3:01:24different things get moved around when
3:01:27these news events are happening. that is
3:01:29so much that is out of your control that
3:01:32in my opinion it just logically makes
3:01:34more sense to just focus on something
3:01:36that matters something that you can
3:01:38actually look at and you can see
3:01:40patterns in the past and that's simply
3:01:42going to be the charts. If a news event
3:01:45comes out and it does this move, so be
3:01:47it. It's not going to be every single
3:01:49day or every single week that you're
3:01:51going to have a news event like this go
3:01:53in your favor or against your trade.
3:01:55There's going to be weeks where it's
3:01:56going to be like this, a pretty big
3:01:57wick, and then it's going to go in your
3:01:59favor or against your favor. It can
3:02:01happen once or two times a month. It is
3:02:03what it is. It's part of the process.
3:02:04There's no way that I am going to modify
3:02:07my trading approach simply because of a
3:02:09news event that actually has an impact
3:02:12one or two times a month. The best way
3:02:14that I can put the analogies based off
3:02:16of my experience and the way that I
3:02:17trade and how I'm going to teach you
3:02:18right now is almost like if a real
3:02:20estate investor would were to be
3:02:22investing into real estate, but
3:02:24occasionally he cannot see certain
3:02:26pieces of real estate and it's just a
3:02:28big mystery box. Now, as a real estate
3:02:30investor, will you sometimes take the
3:02:32risk and buy this random mystery box?
3:02:34Sure. But sometimes these mystery boxes
3:02:36have good deals. Sometimes they have
3:02:38terrible deals. But you're not going to
3:02:40make your whole entire real estate
3:02:42investment based off of something that
3:02:44is blind, something that you can't see.
3:02:46You want to make sure that you can
3:02:47actually look at the patterns. You can
3:02:49see the same thing over and over again
3:02:50so you can actually make a strategy
3:02:52based off of your approach. Now, is
3:02:54there some times where what's inside of
3:02:56this mystery box could be a great thing?
3:02:58Yes. But I don't know about you, but if
3:03:00I were to be a real estate investor, I
3:03:01want to make sure that I can see my
3:03:03property before I buy it. I want to make
3:03:05sure that I can go walk inside of it and
3:03:07I can at least have an idea of what I'm
3:03:08putting my money into. Now, if I were to
3:03:11go ahead and actually buy this real
3:03:13estate property, but one of the rooms
3:03:15inside of them happens to be a mystery
3:03:17door and I don't know what's inside of
3:03:20that door. It could either be really
3:03:22good or really bad for the property. At
3:03:24least I have some type of context that
3:03:27the overall property is good. I have an
3:03:29idea that 70% 80% of the investment
3:03:33actually makes sense. And then the other
3:03:35percentage just simply is an add-on. If
3:03:38it's good, it's okay. And if it's not,
3:03:40it's still okay because I know that the
3:03:42actual core base of the foundation of
3:03:44the decision towards that investment was
3:03:46great. That's exactly what trading with
3:03:48fundamentals is. If you want to go ahead
3:03:51and take a decision just based off of
3:03:53the fundamentals, it's almost like a
3:03:55mystery box because you never really
3:03:57know how these news events are go like
3:04:00you never know what they're going to say
3:04:01and then nonetheless how the market is
3:04:03going to react to it. I've had many many
3:04:05times where I have had a lot of analysis
3:04:08on a fundamentals and I have read it and
3:04:10I personally believe that the market was
3:04:12going to like I would have reacted a
3:04:14certain way to those fundamentals but
3:04:16then the market reacted a completely
3:04:18different way. So, one thing is what I
3:04:21personally would do with that
3:04:22information. Another thing is what the
3:04:23market would do. Or the other thing that
3:04:25you can do is potentially have your
3:04:27whole entire technical analysis, have
3:04:29your price action, and then just have a
3:04:31piece of it be a bit of a mystery. So,
3:04:32like let's say I enter the trade at 1:00
3:04:34in the afternoon, for example, and then
3:04:36the news events are going to come out at
3:04:382. Okay, that can add to my trade or it
3:04:40can potentially make it worse. But what
3:04:42I guarantee you is that if you're making
3:04:43a logical trade decision based off of
3:04:46price action and you're following the
3:04:48strategy and you're actually executing
3:04:49the trade with proper price action
3:04:51analysis, the fundamentals the majority
3:04:53of the time is going to go in your
3:04:55favor. And trading the fundamentals
3:04:56alone is simply going to be a
3:04:58neverending journey of you attempting to
3:05:00predict what is going to happen next and
3:05:03how the market is going to react. Two
3:05:05very, very, very big variables that are
3:05:07completely out of your control and you
3:05:09cannot see any patterns. And truthfully,
3:05:11in my opinion, I just think it's a lot
3:05:12easier to actually have a very clear
3:05:14vision of the type of investment that
3:05:16you're making with whatever type of
3:05:18trade that you're going to be taking. So
3:05:20fundamental trading to me is just simply
3:05:22a mystery box. And if you make a logical
3:05:25trade analysis decision, this is just
3:05:27simply going to be an added confluence
3:05:29to it. But if you want to go ahead and
3:05:31dive into a rabbit hole when it comes to
3:05:33fundamentals, please go to f4
3:05:35forexfactory.com. They've been around
3:05:37for tens of years and they give you as
3:05:39accurate as it's going to get to the
3:05:41information. They give you what they
3:05:43potentially believe it's going to be,
3:05:44what it was previously, and then after
3:05:46the event actually happens, what it
3:05:48actually was. But after it happens, it's
3:05:50no good because the move has already
3:05:51happened in the market. You can't
3:05:53obviously go back into the past to enter
3:05:55your trade. Now, with that being said,
3:05:56you understand how the fundamentals work
3:05:59and that it's just really a mystery box.
3:06:01But you're probably asking me, "Okay,
3:06:02Alex, so how does price action work? How
3:06:04do I actually know if something is
3:06:06bullish or bearish? How can I actually
3:06:08read and understand the market? So, I'm
3:06:09going to be teaching you guys right now
3:06:11how to read the candlesticks, how to
3:06:13read these patterns, how to identify if
3:06:15something is bullish or bearish, how to
3:06:17do a proper top down analysis, what is
3:06:20market structure, just everything when
3:06:21it comes to this market that I'm going
3:06:24to be showing you guys right now. So,
3:06:26this is where things are going to start
3:06:28getting serious because once I actually
3:06:29teach you how market structure works,
3:06:31then I'm going to teach you the strategy
3:06:33on how you can actually execute the
3:06:35trades on this market. So, if there's a
3:06:36moment to pay attention and to be locked
3:06:39in and to actually be focused and be
3:06:41ready to write down notes is going to be
3:06:43this. If you're driving, if you're at
3:06:45work, if you're at an social event, if
3:06:48you're anywhere but in your office or
3:06:51wherever it is that you had and focus on
3:06:54learning, stop this video and come back
3:06:56when you're ready. It's just going to
3:06:57make more sense for you to rewatch the
3:06:59video once you've already understood it
3:07:01properly the first time rather than you
3:07:03just hearing it in the background and
3:07:05then you go ahead and hear it again and
3:07:07then you have to go ahead and hear it
3:07:08again. It's better if you pay attention
3:07:09the first time so everything connects
3:07:11right from the start and you use your
3:07:13time efficiently while you're learning.
3:07:15You don't want to just be having this in
3:07:17the background for no reason, right? So,
3:07:18let's first start off with what is price
3:07:21action, right? So, price action is
3:07:24literally what you're looking at right
3:07:26here. Price action is all of these
3:07:27candlesticks going up and down. Price
3:07:29action is these points where the market
3:07:32hits, it bounces from, and it bounces up
3:07:34and down. All of this right here is
3:07:37price action. Price action is when the
3:07:39market goes up and down. Now, price
3:07:42action can be reflected either in these
3:07:44candlestick formats or in the line chart
3:07:47as you guys already know. Now, price
3:07:49action is what's going to tell you if
3:07:52this market is bullish or bearish. So
3:07:55price action pretty much equals the
3:07:58chart which equals
3:08:02the history which equals almost the
3:08:06heartbeat or the fight. These are all
3:08:10the same exact thing. Price action is
3:08:13everything. Literally the whole entire
3:08:15market is based off of price action.
3:08:17Price action is the candlesticks. It's
3:08:19price. It's the trail. It's the history.
3:08:22It's just like the market. It's almost
3:08:24like saying like the road for you to get
3:08:26to one spot to the next area. Like what
3:08:29gets you there is the road. What
3:08:31connects one place to another is the
3:08:33road. The pavement, the concrete, the
3:08:36the signs, the the highways, all of that
3:08:39is just at the end of the day the road.
3:08:42This is exactly what this is. This is
3:08:44the road to the market. This is the
3:08:46market leaving its trail. Price action
3:08:48is just literally everything. Now, price
3:08:51action can be seen in two different
3:08:54ways. One, the line chart, or two, the
3:08:59candlestick chart. Now, I know we
3:09:01already know that we're going to be
3:09:02using both of these with one another.
3:09:05And I'm almost going to teach you
3:09:07something to then go ahead and unteach
3:09:10it to you. Right? So price action is
3:09:13needed
3:09:15to determine if the market
3:09:18is bullish or bearish. The only way for
3:09:23you to understand, and you guys can go
3:09:25ahead and write this down. There's a lot
3:09:26of things that I'm going to say that I
3:09:28might not type, but you guys should
3:09:29definitely be writing it down. Is the
3:09:31only way for you to determine if price
3:09:34action or the market or the chart or the
3:09:37trend or whatever is bullish or bearish
3:09:40is with the candlestick and the line
3:09:42chart is with price action. The only way
3:09:45for you to determine if the market is
3:09:47either in a bearish market or in a
3:09:51bullish market is going to be with price
3:09:54action. There is no other way that you
3:09:57can tell if the market is bullish or
3:09:58bearish without price action. The
3:10:00fundamentals will never tell you if the
3:10:03market is bullish or bearish. The
3:10:05indicators will never tell you if the
3:10:07market is bullish or bearish. No
3:10:10crossover, no Ballinger bands, all these
3:10:14stuff I'm going to teach you later into
3:10:15the future. But no indicator, no
3:10:17pattern, nothing will ever teach you if
3:10:20something is bullish or bearish like
3:10:22price action. Price action is going to
3:10:24be the end all be all area section where
3:10:27it's going to tell you if something is
3:10:29bullish or bearish. Everything that is
3:10:32out there in the market that is added on
3:10:34top of price action, it's exactly that.
3:10:37It's an add-on to price action.
3:10:39Indicators are an add-on to price
3:10:41action. Tools are an add-on to price
3:10:43action. Um, any possible EMA is an
3:10:47add-on to price action. Any reversal
3:10:49pattern is an add-on to price action.
3:10:51Price action is the core. And I'm
3:10:53repeating this because I need you guys
3:10:55to really understand and get this
3:10:57because once you get this, you get
3:11:00everything. As soon as you understand
3:11:02the proper market structure based off of
3:11:05price action, it is everything. Right?
3:11:07So now that you understand that price
3:11:10action is everything and price action is
3:11:12needed to determine if the market is
3:11:14bullish or bearish. The market
3:11:16determines
3:11:18if it's bullish or bearish based off of
3:11:23market structure. So market structure is
3:11:26what's going to let you know if this
3:11:28market is actually indeed bullish or if
3:11:31it's going to be bearish. Market
3:11:34structure is everything. Market
3:11:36structure is every single elbow that you
3:11:39see in this market. every single
3:11:41triangle, every single reversal point,
3:11:43every single pointy section, every
3:11:45single point where the market had a move
3:11:47to the opposite direction. This is going
3:11:50to be considered market structure. So
3:11:53this is almost like the red lights. This
3:11:56is almost like the turns in the street
3:11:59lights. This these are the curves. These
3:12:01are the entry and exit points of the
3:12:03highways. These are all of the stop
3:12:05signs. These are all of the turning
3:12:07lanes. This is all of the mergings. This
3:12:10is basically every single point that
3:12:13connects the road with one road to
3:12:16another from one destination to another.
3:12:19The middle point is just the road. This
3:12:22is just the road to get you to this
3:12:24point right here. Once you are at this
3:12:26point right here, this is let's call it
3:12:28first street. Now this first street, it
3:12:30only has a turn to the left or to the
3:12:33right. And this turn to the right. This
3:12:35is just the full road to then second
3:12:38street and then back up and down. Now,
3:12:40this is the road. This road is just a
3:12:42straight road. Straight one shot to get
3:12:44to this street. Once you get to this
3:12:46stop, then you turn to the next stop.
3:12:48This is just a road to then the next
3:12:51stop. Once you get to the next stop,
3:12:53then it's just a road to the next stop.
3:12:55So, every single one of these structure
3:12:57points, look at it almost like a stop
3:13:00sign. Look at it like a turning light.
3:13:02look at it like an entry point to the
3:13:04next entry or getting off at the next
3:13:05exit. These are literally just points
3:13:08where the road needs to stop in order
3:13:11for you to then be able like let's say
3:13:13you want to get from this point over
3:13:15here to this point over here. You can't
3:13:18just cross over because there's
3:13:20buildings in the way. There's a lake in
3:13:23the middle. There's a lot of stuff going
3:13:24on in the middle. In order for you to
3:13:26get to this destination, you first need
3:13:28to then hit First Street. After you go
3:13:31to then First Street, there's a stop
3:13:33sign and then you need to go back up to
3:13:34then Second Street. And then on Second
3:13:36Street South, then you need to turn back
3:13:39into First Street North. And then on
3:13:42North Street first, then you actually
3:13:44make it to then third street. So for you
3:13:46to go from this street to this street,
3:13:48you need to follow the ways of the road.
3:13:51There's no difference in between that
3:13:53example and then this market structure.
3:13:56this market structure in order for get
3:13:57in order from it to get let's say to
3:13:59this point to this point you need to
3:14:01follow the road in order for the market
3:14:04to get there. Now this is going to be
3:14:06crucial for you to understand how the
3:14:09market actually works how to determine
3:14:11if it's bullish or bearish. Now I'm not
3:14:13saying for example right now that the
3:14:15live price needs to in order for it to
3:14:17get to down here that it needs to break
3:14:18this road and stuff like this. That's
3:14:20not that's not what I'm saying. I'm just
3:14:21saying in order for you to understand
3:14:24how the market got from this point to
3:14:27this point, just follow the road and
3:14:29follow the structure points. The
3:14:30structure points are going to tell you
3:14:32how it actually made it to that point.
3:14:33So the structure points are these points
3:14:36over here once again are going to be
3:14:38these stop signs, these turning signals,
3:14:40these reversal areas. These are going to
3:14:42be market structure points. So market
3:14:45structure points, just we're just going
3:14:47to write this down, right? One thing at
3:14:48a time. Market structure points are the
3:14:52elbows in the market,
3:14:56the turning points in the market. These
3:15:01market structure points are where it's
3:15:03going to determine
3:15:07is bullish or bearish. So market
3:15:11structure points are the elbows in the
3:15:13market. These are the turning points in
3:15:15the market and these market structure
3:15:17points are going to determine if the
3:15:18market is bullish or bearish. If you
3:15:20properly read every single one of these
3:15:22elbows, you're going to be able to tell
3:15:24if the market is bullish. Right? So, I'm
3:15:26going to do a quick quiz on you guys
3:15:28right now. Right? And I expect for you
3:15:31guys to get this wrong. I don't expect
3:15:33for you to get this right. Right? Just
3:15:35going to do this right here. Is this
3:15:37market right here bullish or is it
3:15:40bearish? So we understand bullish equals
3:15:44up, bearish equals down. Right? So the
3:15:49market is heading up when it's bullish.
3:15:51The market is heading down when it's
3:15:53bearish. Go ahead, pause this video and
3:15:56just take a wild guess. Right? Cool. So
3:15:59I can almost guarantee you you're wrong.
3:16:01And even if you're right of the
3:16:03direction whether this market is up or
3:16:06whether this market is down, you
3:16:07probably don't know exactly why, right?
3:16:10For example, let's say if I were to give
3:16:12you a very complex equation, right?
3:16:15Let's say I already give you this plus
3:16:17this for example, and then I give you
3:16:20multiplechoice option. Oh, for example,
3:16:23let's say we didn't know that, but let's
3:16:24say I just gave you a multiplechoice
3:16:26option and I give you choice number A or
3:16:28I give you choice number B, right? You
3:16:31only have two options and you happen to
3:16:33just click on the right option and
3:16:35you're right. Now, that doesn't mean
3:16:36you're right because you know the
3:16:38solution or you know the way on how to
3:16:40solve the problem. You just happen to
3:16:42pick the right one because it's really
3:16:44is a 50/50. Like, it's pretty hard to
3:16:45get it wrong. It really the odds are
3:16:47split down the middle. So, that doesn't
3:16:49mean that you know math. method doesn't
3:16:50mean that you're good at it or that you
3:16:52should be advancing to the next point.
3:16:54That's exactly what this is right here.
3:16:56Just because let's say you pick the
3:16:57right one because you know obviously
3:16:58there's only two option like the odds of
3:17:00you getting it right or wrong is pretty
3:17:02fair. Let's say you do get it right,
3:17:04you're probably not getting it right for
3:17:06the right reason. And that is the big
3:17:07problem with traders. A lot of traders
3:17:09happen to just guess that the market is
3:17:12in the right trend, but they are
3:17:14actually executing it wrongfully because
3:17:16they don't know where it's bullish or
3:17:18bearish based off of. Now, let me
3:17:20explain what I mean by that, right? And
3:17:22and we're going to leave this right here
3:17:23and we're going to come back to it and
3:17:24I'm going to educate you if and we're
3:17:26going to find out if you were right or
3:17:27wrong. So, once again, pause the video,
3:17:29take a screenshot, and just write it
3:17:31down. Bullish or bearish and then where
3:17:34why or where do you think it is? And if
3:17:35you don't even know where you identify
3:17:38this market that it's bullish from, then
3:17:39that even shows even more that you don't
3:17:41know anything just yet. But don't worry,
3:17:42I'm going to teach you right now. It's
3:17:43very easy, right? So, I'm going to
3:17:45educate you guys right now on market
3:17:46structure, which is everything in the
3:17:48market. Right now, this market is
3:17:50bullish, right? This is a very clear
3:17:52bullish market. Now this market is
3:17:54bullish because it is consisted of
3:17:58higher highs and higher lows or also
3:18:03known as HH or HL. Right? Higher high is
3:18:08HH. HL is a higher low. So this right
3:18:12here is the higher high. Right? This is
3:18:15the highest point in the market. And
3:18:17this is all based off of market
3:18:19structure. So if I double click this
3:18:20line, I go to text. just going to put
3:18:23hh. So we've identified this as the
3:18:27higher low. Now this right here is now
3:18:29going to be the higher low. So this
3:18:33higher low point from this point right
3:18:34here is going to be what took this from
3:18:37point A to point B. Right here you were
3:18:40at Second Street. You had to turn right,
3:18:43make it to First Street. Now, in order
3:18:46for you to make it to Third Street, from
3:18:48Second Street, you have to go through
3:18:50First Street and then you make it to
3:18:53Third Street because obviously there was
3:18:55some trees here in the middle. There was
3:18:57a lake. There's a big building here. You
3:19:00can't just go from Second Street
3:19:02straight to Third Street. You need to go
3:19:04around the buildings and then you make
3:19:06it to Third Street. Cool, right? Pretty
3:19:09easy, pretty self-explanatory. Now this
3:19:11market is bullish because of this higher
3:19:15high and because of this higher low. As
3:19:18long as we remain inside of this market
3:19:23structure, inside of this higher low and
3:19:25this higher high, this market will
3:19:28remain bullish. This market is bullish
3:19:31no matter what as long as we are inside
3:19:34of this higher high and this higher low.
3:19:37The simplest way that I can put it is
3:19:39this is going to be third street and
3:19:42this is going to be first street. Right?
3:19:45We understand that. And this middle
3:19:46point right here is second street.
3:19:49Right? Very easy, very self-explanatory.
3:19:51As long as we are inside of first street
3:19:55and as long as we are inside of third
3:19:58street, this market is inside of first
3:20:02street and it's inside of third street.
3:20:04Right? Pretty self-explanatory. It's
3:20:06almost like obvious, right? Like, duh,
3:20:08Alex, no [ __ ] Like, what are you
3:20:10talking about? Well, you'll be surprised
3:20:11because some people would say that right
3:20:13now we are on Fifth Street. It's like,
3:20:15well, brother, how are we on Fifth
3:20:17Street if we haven't even broken through
3:20:19First or broken through third street?
3:20:22Now, this doesn't make sense. Don't
3:20:23worry, it's all going to start clicking
3:20:25in just a second, right? And I'm not
3:20:26going to I'm going to try and avoid the
3:20:28analogies too much back and forth so it
3:20:29doesn't confuse you guys, but we will
3:20:31double down on them later into the video
3:20:32because it's all going to connect
3:20:34perfectly, right? So, we'll put this in
3:20:35the back burner for now. But all we know
3:20:37is as long as the market is in between
3:20:40this higher high and this higher low, we
3:20:44are bullish. This right here could
3:20:46create a potential retracement into this
3:20:48area right here. And this is just a
3:20:49retracement. Now, once we have body
3:20:52candlestick closed above this previous
3:20:55higher high, this has now officially
3:20:57broken above the higher high, meaning we
3:21:00need to modify our higher high. So, the
3:21:03rules are very simple. Once we body
3:21:05close above the higher high or the
3:21:07higher low the market has shifted.
3:21:12So once I mean with the body don't worry
3:21:14for right now we we'll come back to that
3:21:16but once we have closed above the higher
3:21:19high or the higher low the market has
3:21:22shifted and you need to modify the
3:21:26higher high and the higher low. So once
3:21:29the market has broken above this higher
3:21:32high, you have now shifted in the market
3:21:34and you need to modify this higher high
3:21:37and this higher low. Cool. So where does
3:21:39the new higher high go? Where the higher
3:21:42high goes to the highest high point
3:21:44which is going to be right here. And
3:21:46where does the higher low go? Does the
3:21:48higher low change? Yes, the higher low
3:21:51changes every single time the higher low
3:21:55changes. So the higher low is going to
3:21:57go to this point right here. Now this is
3:22:00another side note. If we have a new
3:22:03higher high, we will always have a new
3:22:09higher low. So if this market once again
3:22:12it creates this retracement right here
3:22:14and it creates this break above. If we
3:22:17have a new higher high, we will always
3:22:22have a new higher low. So if this market
3:22:24has created this new higher high, it's
3:22:26very obvious we will always have a new
3:22:31higher low. Cool. So the higher low gets
3:22:33moved to this point right here. Now I
3:22:35like to use to identify the new higher
3:22:39low as just the previous structure
3:22:41point. And I'm going to get to all that
3:22:43in just a second. But as long as this
3:22:45market continues to be inside of this
3:22:48higher high and this higher low, this
3:22:51market will remain bullish. Right? So
3:22:54for example, once we broke out to this
3:22:56area, this over here went to then Fourth
3:22:59Street and this over here was at Second
3:23:03Street, right? Pretty self-explanatory.
3:23:05We broke above Fourth Street and now we
3:23:08are at Fifth Street, right? So this is
3:23:10fifth street and this over here is going
3:23:13to then be third street. Right? So we
3:23:16are using one street to get to the other
3:23:18street. So for now let's remove this one
3:23:20cuz we're already pretty far away from
3:23:21over here and we don't need to be aware
3:23:22of that. So right now we understand that
3:23:25this is fifth street. This is third
3:23:28street. And as long as we are in between
3:23:31fifth and third street we are in between
3:23:35fifth and third street. This right here
3:23:37is just Fourth Street right in the
3:23:39middle. Or we're at fifth. Or we're at
3:23:41third. We're at third and a half. We're
3:23:44at fourth and a half. Fourth and a
3:23:45quarter. But at no points are we ever at
3:23:48Sixth Street or Second Street. As long
3:23:52as, once again, as long as we are inside
3:23:55of this higher high and inside of this
3:23:58higher low, we are bullish. Write this
3:24:01down as well. As long as we are inside,
3:24:04we are bullish. Right? Very easy, very
3:24:08very self-explanatory. Now, once we have
3:24:12body candlestick closed above, what
3:24:15happens? Once we have closed above the
3:24:18higher high or the higher low, the
3:24:20market has shifted. You need to modify
3:24:21the higher high. Okay, cool. So, this
3:24:23turns into the new higher high. This
3:24:25will then be Sixth Street. And then
3:24:28where does the higher low go? It goes to
3:24:30this point right here, which was the
3:24:31last point, which is now Fourth Street.
3:24:33Right? Pretty easy, right? We're just
3:24:35kind of following the market and we
3:24:37understand as long as we are inside of
3:24:39the higher high and higher low, we are
3:24:40bullish. If we make a new higher high,
3:24:42we will always have a new higher low. We
3:24:44modify the higher low. Very easy. Now,
3:24:46what if I told you, you see that?
3:24:48There's an alarm from a market that I'm
3:24:50currently trading right now. And uh
3:24:52we're going to do this live here right
3:24:54now. We're just going to see how my
3:24:55market is moving. So, I'm actually in
3:24:58this position here in a major loss right
3:25:01now. So, this is getting super
3:25:03sidetracked here and we'll go back to
3:25:04the market structure in just a second.
3:25:06But, as I am educating you guys live, I
3:25:09am also trading live and this trade is
3:25:11into major draw down right now. Not
3:25:13looking good. Not looking good. And this
3:25:16other trade is looking good, but I need
3:25:17to wait for this next candlestick to
3:25:20close in the next 30 minutes. So, I will
3:25:23wait for that. So, we'll come back to
3:25:24the SPX500 now. Little distraction
3:25:27there, but it's okay. It's good, right?
3:25:29To show you guys how we're executing
3:25:30everything live, right? So, back into
3:25:32this area over here, right? Let's just
3:25:34move this a little bit more up. We
3:25:35understand that as long as we are inside
3:25:37of these structure points, we are going
3:25:39to be bullish. Now, the moment that this
3:25:42market structure breaks below this
3:25:45higher low, guess what happens? Now,
3:25:48this market is no longer bullish. this
3:25:51market is now going to be bearish. So we
3:25:54went from creating higher highs and
3:25:56higher lows to now lower highs and lower
3:25:59lows. So this market went from being
3:26:01bullish to now being bearish. So now
3:26:04that this market has broken below this
3:26:06higher low structure point, it means
3:26:08that this market is now bearish. So once
3:26:12we break below the higher low structure
3:26:14point, this market is now bearish. So
3:26:17this goes from actually being bullish
3:26:20once it closes below the higher low we
3:26:22are now bearish. Now bearish means we
3:26:25are selling and a bearish market is
3:26:28equivalent to lower low
3:26:31and lower high
3:26:34or also known as LL or LH. Now they're
3:26:39both basically exactly the same. A
3:26:41higher high is the highest high and a
3:26:45higher low is a low that is higher than
3:26:48the previous low. When a market goes
3:26:50bearish, we have a lower low. So this
3:26:53right here will turn into the lower low.
3:26:57And then the lower high is going to be
3:27:00the low. That is the last high, which is
3:27:03going to be this point right here. Now,
3:27:05don't worry if this doesn't click right
3:27:07away. It's all going to click in just a
3:27:08second. Just give it some time for me to
3:27:10educate you guys into this. Believe me,
3:27:12what I am teaching you guys right now
3:27:14took me months to understand. And my
3:27:17goal is for you to understand in just
3:27:18one single video. And I'm going to do
3:27:20that to the best of my ability. How I
3:27:21have been doing this for the last 3
3:27:23years on educating people. So now that
3:27:25we have a lower low and a lower high,
3:27:28this market is officially bearish. Now
3:27:30the same exact principle applies right
3:27:33here. Once we have closed above the
3:27:36lower high or the lower low, the market
3:27:39has shifted and you need to modify this
3:27:42into the lower low and the lower high.
3:27:46If we have a new lower low, we will
3:27:49always have a new lower high. As long as
3:27:52we are inside of the lower high, the
3:27:56lower low and the lower high, we are
3:27:59bearish. Once we break below the lower
3:28:03high, the structure point is now
3:28:06bullish. Very easy. Everything is just
3:28:08changing the letters. So what does it
3:28:10mean? Once we have closed below, so this
3:28:13is going to be below instead of above.
3:28:15Once we have closed below the lower low,
3:28:18the market has shifted and you need to
3:28:21modify the lower low and the lower high.
3:28:23If we have a new lower low, we will
3:28:25always have a new lower high. All right,
3:28:28we have a new lower low. It's very
3:28:30obvious it's the new lowest low. And
3:28:32then where is the lower high? Well, the
3:28:34lower high is going to be the next lower
3:28:36high. And I'm going to teach you a way
3:28:38on how to identify this market structure
3:28:40point literally seamlessly and it's
3:28:42going to be absolutely perfect in just 1
3:28:44second. I just want you guys to be able
3:28:45to understand the difference in between
3:28:47lower highs and lower lows, higher highs
3:28:50and higher lows. So, as long as we are
3:28:52inside of the lower high and the lower
3:28:54low, we are bearish. Once we break below
3:28:57once we break above the lower high
3:29:00structure point this market is now
3:29:02bullish. So for right now as long as we
3:29:04remain inside of this lower high and
3:29:07lower low we're going to be bearish. So
3:29:09this is now going to be a lower low.
3:29:10This is now going to be a lower high.
3:29:13This market can simply have a smaller
3:29:14retracement and then we have a new lower
3:29:16low and then this point right here
3:29:18becomes the lower high. Right? The lower
3:29:20high is always going to get moved every
3:29:23single time we have a new lower low. Now
3:29:26let's say for whatever reason this
3:29:27market decides to now do this. Well once
3:29:31we break above the lower high structure
3:29:34point this market is now bullish. So
3:29:37this market right here goes from being
3:29:39bearish to being bullish. So this market
3:29:41is now bullish. So this now gets shifted
3:29:45into a higher high and then this
3:29:47structure point over here gets shifted
3:29:49into a higher low. And this market once
3:29:52again it can have its retracement into
3:29:54like going like this. And now we have a
3:29:56new higher high. If we have a new higher
3:29:59high, we have a new higher low. If we
3:30:02have a retracement, we have a new higher
3:30:04high. And then we have a new higher low.
3:30:08Right? So this is how the market works.
3:30:10Same exact thing applies if we now do
3:30:12this. If we break this structure point,
3:30:14guess what? We now have a new lower low.
3:30:17So this market now goes from being
3:30:18bullish to being bearish. So this goes
3:30:21and turns into the lower high and then
3:30:23this turns into the lower low, right? As
3:30:27long as this market remains inside of
3:30:29this lower high and lower low, we are
3:30:32now bearish, right? We have a new lower
3:30:34low and we have a new lower high. Very
3:30:37easy, very self-explanatory. So this way
3:30:40you can see how the market goes from
3:30:41being bullish to then being bearish to
3:30:44being back to bullish to now being back
3:30:46to bearish. The market is shifting
3:30:48constantly from bullish to now bearish.
3:30:52But I want to teach you guys on a trick
3:30:54that I like to call the snake trick. And
3:30:57this snake trick is a trick to identify
3:31:01the last structure point, which is going
3:31:05to equal
3:31:08the higher low or lower high. Alex, what
3:31:11are you talking about, dude? You're
3:31:13talking Chinese to me. I just met you
3:31:15right now. I'm already 2 3 hours into
3:31:17this video and I still don't understand
3:31:18anything. Don't worry, trust me. This is
3:31:21all going to start slowly making sense.
3:31:23Right? So, we have something that is
3:31:24called the snake trick which is going to
3:31:26help you identify the last structure
3:31:28point which is equivalent to the higher
3:31:31low or the lower high. What does that
3:31:33even mean? Very easy. Let's say this
3:31:36market is bearish, right? And we have
3:31:39this retracement to this point, right?
3:31:41This is this right here considered a
3:31:44lower high? No. We can only have a lower
3:31:47high or a lower low once we have a new
3:31:52higher high or lower low. So at this
3:31:55point right here, this market we have
3:31:58yet to create a new lower low. So we
3:32:01have not created a new lower low in this
3:32:04market. So we can only have a new lower
3:32:07high once we have created a new lower
3:32:11low. So this market right here, this is
3:32:14the lower high. This is the lower low.
3:32:16What is this point right here that is
3:32:18being created into the market? What is
3:32:20this elbow? What is this stop sign? What
3:32:23is this red light? This turning point.
3:32:25What is this right here? This is
3:32:26literally just curb in the road. This is
3:32:28literally just a market structure point.
3:32:30This is literally nothing. three yet.
3:32:32This is just another point in the
3:32:34market, but it's not anything
3:32:35significant because it has not broken
3:32:37above the lower high or below the lower
3:32:40low. So, we can only have a lower high
3:32:43or lower low once we have broken above
3:32:46the higher high. And all right, lower
3:32:49high or higher low. Once we have broken
3:32:52above the higher high or lower low.
3:32:54Don't worry, it's all going to start
3:32:55clicking right now. Let's say this
3:32:57market actually ends up indeed breaking
3:32:59below. All right, cool. this market
3:33:00actually indeed breaks below. Guess
3:33:03what? Now we have a new lower low. So
3:33:06once we break the new lower low, if we
3:33:08have a new lower low, we will always
3:33:11have a new lower high. So if this
3:33:14becomes the new lower low, we always
3:33:17have a new lower high. So how do you
3:33:20identify this lower high? Well, you
3:33:23identify this lower high with the snake
3:33:25trick. The snake trick is to be able to
3:33:27identify the last structure point, which
3:33:29is either the higher low if bullish or
3:33:32the lower high if bearish. So, we're
3:33:34going to get the head of the snake right
3:33:35here. And once we get this head of the
3:33:37snake, we're going to start moving
3:33:39backwards. And this snake moving
3:33:41backwards is going to leave a trail,
3:33:44right? So, we start catching the snake.
3:33:46I don't know if you guys know, but
3:33:47snakes pretty much just kind of move
3:33:49like this, right? Snakes don't really
3:33:51move like this if they're going to
3:33:53actually be moving somewhere. they
3:33:55actually just move straight. They try
3:33:57and move very seamless. And if they
3:33:59actually need to turn, then they will
3:34:01turn because there was something in
3:34:02their way or something was in the middle
3:34:05that they had to now go this way. So
3:34:07let's say a snake is trying to go from
3:34:09this point to this point over here. If
3:34:12there is a log in the middle or if
3:34:14there's an object in the middle, the
3:34:16snake will simply just go around it and
3:34:18then continue going. But this snake is
3:34:20leaving a trail that obviously he had to
3:34:23go around something in order to get to
3:34:25the destination where he was looking to
3:34:27go. The snake is leaving a trail of his
3:34:30footprint almost. It's like his trail of
3:34:32him leaving the leaves squashed down or
3:34:35whatever trails snakes leave. So a snake
3:34:38in this market structure right here
3:34:40which is the snake trick is you're
3:34:42following the trail of the market and as
3:34:45soon as the snake has to turn that is
3:34:48going to be the lower high. Wherever the
3:34:51snake or the body turns that shows that
3:34:53there was something there there was
3:34:55something in the way and that the market
3:34:56had to go ahead and then turn. So the
3:34:58first turn of where the snake actually
3:35:01turns that becomes the previous
3:35:03structure point that becomes the lower
3:35:05high. So this is a trick for you to
3:35:08identify the previous structure point.
3:35:10If you cannot properly understand how to
3:35:13place the lower high or the higher low,
3:35:16we're going to use something that is
3:35:17called the snake trick. So once again,
3:35:19right now we are bearish. This is the
3:35:21lower high. This is the lower low. Let's
3:35:23say that this market breaks above. Let's
3:35:26say this becomes now bullish, right?
3:35:28This is now broken above the lower high.
3:35:31Now that we've broken above the lower
3:35:32high, this becomes the new higher high.
3:35:35So this higher high once you have a new
3:35:38higher high you mandatorily need to have
3:35:41a new higher low. So if we have a new
3:35:44higher high we will always have a new
3:35:47higher low. You guys should have this
3:35:49written down somewhere. So if we have a
3:35:51new higher high where is the higher low?
3:35:53Well I get my trusty snake trick and
3:35:56what I do is I create the head of the
3:35:58snake. And on the head of the snake I
3:36:00just start following the market back.
3:36:02And as soon as the market then turns,
3:36:04that right there shows me that the snake
3:36:06turned. There was something in the way.
3:36:08Now this becomes the higher low. Very
3:36:11easy, very, very self-explanatory,
3:36:14right? So this now becomes the higher
3:36:17low. So we can only have a higher low
3:36:20once we have a new higher high. So let's
3:36:22say, for example, this market does this
3:36:24retracement right here and then we have
3:36:26this push to the upside. Once if we have
3:36:28a new higher high, we will always have a
3:36:31new higher low. Cool. The higher high is
3:36:32always easy to put. But where is the
3:36:34higher low? Is it at this point or is it
3:36:36at this point? I don't know. Let's bring
3:36:38out our trusty snake trick. And our
3:36:40trusty snake trick as soon as it first
3:36:42turns and it creates the first point.
3:36:44Boom. That right there is going to be
3:36:47the perfect higher low. And it's the
3:36:49exact area where the market turned. So
3:36:51now this is going to be the higher low,
3:36:54right? Pretty easy, pretty
3:36:55self-explanatory. Now let's say that
3:36:57this market does this right here. What
3:36:59is this right here in the market? This
3:37:01right here in the market is technically
3:37:03nothing. This is just simply a structure
3:37:05point. This has not broken above or
3:37:07below the higher low. So this is just
3:37:10structure. This is just market doing its
3:37:12thing. This is just a stock. This is
3:37:13just a little curb in the road. This is
3:37:15really nothing. Okay. What about this?
3:37:17That right there is nothing. The market
3:37:19has not body candlestick close. And I'll
3:37:22get into the candlesticks in just a
3:37:23second. But the bodies or the the move
3:37:25the price has not closed below the
3:37:28higher low or above the higher high.
3:37:31Meaning this market right now at this
3:37:33point is still nothing cuz we have not
3:37:35broken above this line right here or
3:37:36above this line right here. Cool. Cool.
3:37:38Cool. What about that right there?
3:37:40Nothing. We have not body candlestick
3:37:42below this line. We have not body
3:37:44candlestick closed above this line. What
3:37:46about now? Okay, we have now officially
3:37:49broken below the higher low. So if we
3:37:51break below the higher low, this market
3:37:54will then turn bearish. So price will go
3:37:57to the lowest low. Now if we have a new
3:38:01lower low, we will always have a new
3:38:06lower high. We can only have a lower
3:38:09high if we have a new lower low. So how
3:38:12do we identify that lower high or lower
3:38:15low? Well, we're going to use our trusty
3:38:17snake trick to be able to identify our
3:38:19previous structure point. So, if this
3:38:21right here is the new lower low, we're
3:38:23going to get the head of the snake,
3:38:24start working our way backwards, and as
3:38:26soon as the market has had a turning
3:38:28point, boom, this turns into the lower
3:38:31high. The lower high is the last
3:38:33structure point where the market had a
3:38:36turning point from. So, this right here
3:38:38is going to turn to the lower high. Now
3:38:41once again, as long as we are inside of
3:38:43this lower high and lower low, we are
3:38:45going to remain bearish. And I'm going
3:38:46to repeat myself a lot cuz what is
3:38:48required here for you to understand this
3:38:50market and for you to understand this
3:38:52new language is just repetition,
3:38:53repetition, and repetition. This going
3:38:55to have a major move like this. Cool.
3:38:57We've broken below the lower low. So
3:39:00this is now the new lower low. Where is
3:39:02the lower high? I don't know, but I do
3:39:05have my trusty snake trick. So I'm going
3:39:07to get the head of the snake. We start
3:39:09working our way backwards. Start working
3:39:11our way backwards and turn. Now this
3:39:14right here becomes the lower high.
3:39:17Understanding that that is now the lower
3:39:18high. The market could remain inside of
3:39:21this lower high and this lower low. And
3:39:24we're going to remain bearish. This
3:39:26market can literally do all the
3:39:28structure point that it wants. As long
3:39:30as we are inside of this lower high and
3:39:32lower low, we are bearish. Right? Pretty
3:39:35simple, pretty self-explanatory. Now
3:39:37let's say this market does this. Oh
3:39:39[ __ ] Now what? No problem. No big deal.
3:39:41The market has now broken above the
3:39:43lower high. So guess what? We are now
3:39:45bullish. This becomes the higher high.
3:39:48And where is the higher low? Because if
3:39:51we have a new higher high, we will
3:39:54always have a new higher low. Okay. So
3:39:57if we have a new higher high, where is
3:40:00the higher low? I don't know. Let's
3:40:02bring out our trusty snake trick. It's
3:40:04the head of the snake. We start just
3:40:05working our way back, working our way
3:40:07back and turning point. This right here
3:40:10is the higher low. So, our snake trick
3:40:13helps us identify where that higher low
3:40:16and where that lower high is going to be
3:40:18placed into the market. So, we have a
3:40:20clear understanding of where the market
3:40:22is at this point right now. Now, we use
3:40:24the line chart that we're using right
3:40:26now to be able to very clearly identify
3:40:29this structure point. So, right here, we
3:40:31are using the line chart to tell if
3:40:33something is bullish or bear. So we know
3:40:35that this is the higher low and that
3:40:36this is the higher high. As long as we
3:40:38remain inside of this right here, we are
3:40:40bullish. If we break above once again,
3:40:42this becomes the higher high. This
3:40:44becomes the higher low. And from this
3:40:47point right here, we break below. This
3:40:49becomes the lower low. And then this
3:40:50becomes a lower high. Right? Pretty
3:40:52self-explanatory. Just repeating the
3:40:54same thing in many different types of
3:40:56examples. Right? Cool. Now let's come
3:40:58back to this example right here. Right?
3:41:00Is this market bullish or is this market
3:41:03bearish? Right? Let's find out if you
3:41:05were right about this trade and if you
3:41:07were right, if you're right about the
3:41:09correct point, right? Because if you
3:41:12have I'm going to write this down as
3:41:13another note. If you identify once you
3:41:16identify the market being bullish or
3:41:20bearish, you need to place the higher
3:41:24low, higher high, lower low. My computer
3:41:27gets a little bit slow. You need to
3:41:29place the higher high, higher low, lower
3:41:32low and lower high. Want to identify the
3:41:36market being bullish or bearish. You
3:41:38could only identify that by being
3:41:39bullish or bearish by placing the higher
3:41:42high point and the higher low point. If
3:41:45not, the market cannot be bullish or
3:41:47bearish. So for examples purposes, let's
3:41:50begin from over here. Right? This market
3:41:52at this point when we are identifying
3:41:54this market, let's make this all the way
3:41:56to the left. This is the higher high and
3:41:58then this over here is the higher low.
3:42:02Right? Do you guys agree this is the
3:42:04higher high in this market and that this
3:42:06is the higher low. Right? Very easy,
3:42:08very self-explanatory. As long as we are
3:42:11inside of this higher high and higher
3:42:12low, we are bullish. Right? So, we start
3:42:15moving a little bit more to the right
3:42:16and boom, we now body candlestick close
3:42:19below or we just candlestick close
3:42:21below. This turns into the lower low.
3:42:24Now, if we have a new lower low, we must
3:42:28have a new lower high. So, where's the
3:42:30lower high? I don't know. Let's bring
3:42:32out the trusty snake trick. This is the
3:42:34head of the snake. We start working our
3:42:36way backwards. Boom. We turn it. That
3:42:39right there is our lower high. Pretty
3:42:42easy, pretty self-explanatory. Cool. We
3:42:45keep working our way down. This
3:42:46structure point right here, does that
3:42:48make us bullish or bearish? This point
3:42:51right here, 1 second. At the time of us
3:42:53looking at this market like this, is
3:42:54that still bullish or bearish? Bearish.
3:42:57Technically, this market is still
3:42:59bearish. This is still the lower high.
3:43:01This is still the lower low. We are yet
3:43:03to break above or below this line,
3:43:05making this market still bearish. Cool.
3:43:08All right. What about now? We have
3:43:10officially body candlestick closed below
3:43:12this lower high. I mean, excuse me, this
3:43:15lower low. So, this becomes the new
3:43:17lower low. Where is the new lower high?
3:43:20I don't know. bring out our trusty snake
3:43:22trick. Start working our way backwards.
3:43:24This is the first turning point. Boom.
3:43:26That right there is going to be the
3:43:29actual lower high. Beautiful. We now
3:43:31modify our lower high to that structure
3:43:34point right there. As long as we remain
3:43:36in between this lower high and lower
3:43:37low, we are going to be bearish. Cool.
3:43:40This structure point right there, is
3:43:41that a new higher high? Is that a new
3:43:43higher low? No. That is absolutely
3:43:45nothing. We have not. This is just
3:43:47another structure point. This has not
3:43:48broken above or below the lower high and
3:43:50lower low. It's nothing. What about
3:43:52this? Is this a new higher high? Is this
3:43:54a new higher low? No, we have not body
3:43:57candlestick closed above or below the
3:43:59lower high and lower low. This market is
3:44:01still bearish, right? So, let's keep
3:44:03this going. Keep this going like this.
3:44:06What about that? We got very close. That
3:44:08means we have to be bullish, right? Like
3:44:10we have to be bullish because it got
3:44:12that close to the actual lower high.
3:44:14Like it's it's got to be bullish. No. If
3:44:16we have not body candlestick closed
3:44:18above, if we have not structured closed
3:44:20above or below, we are still bearish.
3:44:22What about now? That's like three
3:44:23touches. It has to be it's almost there.
3:44:26Like come on. Like just count it. [ __ ]
3:44:27it. [ __ ] it. No. If we have not body
3:44:30closed above or below, we are not
3:44:32shifting structure. Very simple. What
3:44:34about here? Exact same thing. We have
3:44:36absolutely nothing. This market
3:44:38structure is currently still below this
3:44:41right here. So, we are still bearish. We
3:44:43keep it going. And guess what? If you
3:44:46called this market bullish, you were
3:44:48wrong. And if you called this market
3:44:50bearish, you were probably also wrong
3:44:53because you did not know from where this
3:44:55market structure was bearish. And this
3:44:57is the problem with 99% of traders. They
3:45:01cannot identify if something is properly
3:45:03bullish or bearish depending on the
3:45:06market structure. They just simply don't
3:45:08know how to read market structure. That
3:45:11is a simple fact. they are uneducated or
3:45:14they just don't care to get educated and
3:45:16they don't know how to read market
3:45:18structure. It is very simple. You can
3:45:20see a market that is trending like this,
3:45:22right? For example, and then you would
3:45:24probably think that this market is
3:45:27bullish, right? Let's say right now,
3:45:28take take a pause. Bullish or bearish.
3:45:30Go ahead. Okay, it's bullish. Where's
3:45:32the higher high and where's the higher
3:45:34low? A rookie trader or somebody that
3:45:36thinks that they know how to trade like,
3:45:37"Yeah, that's the highest high and and
3:45:39then yeah, this is the higher low over
3:45:41here." Buddy, you realize how many times
3:45:43this market has like you do you see how
3:45:45many other structure points? It's like
3:45:47saying it's like if you're calling this
3:45:49right here sixth street and you're
3:45:51calling this right here fifth street.
3:45:53Are you seeing how many times in between
3:45:56here? We have gone through so many
3:45:58different streets in order to get to
3:46:00this right here. This is not even sixth
3:46:02street. This is like 10th street. People
3:46:04are just confusing it because they don't
3:46:06know how to read market structure
3:46:07correctly. People are just confusing the
3:46:09roads because they don't know how to
3:46:10read the signs. They don't know their
3:46:12streets. It's why people use GPS's
3:46:14everywhere they go because they don't
3:46:15know the roads. This right here, people
3:46:17don't know how to read market structure,
3:46:18but there's no GPS's to read market
3:46:21structure. So, they get these [ __ ]
3:46:22indicators for them to actually read
3:46:24market structure thinking that that's
3:46:26the hack or the way to do it. This
3:46:27market right here, what if I told you is
3:46:30actually bearish. And it's bearish based
3:46:32off of something extremely obvious,
3:46:33right? So, we'll just do it one more
3:46:35time, right? We have this right here. B
3:46:37for example, this is the higher high.
3:46:39This is the higher low. As long as we
3:46:41remain inside of these two structure
3:46:42points, we are bullish. Boom. We have
3:46:44body candlestick closed above. This
3:46:46turnins into the higher high. We get our
3:46:49trusty snake trick. Start working our
3:46:51way back. This is the turning point.
3:46:53This is the higher low. Let's continue
3:46:55going in this markets. We are still
3:46:57bullish because this market is yet to
3:46:59break above or below this structure
3:47:01point. So, this right here is absolutely
3:47:04nothing. We are still very much bullish.
3:47:07Okay, we continue to go. What about this
3:47:09point right here? Same exact thing. This
3:47:11is still between the higher high and
3:47:13between the higher low. So, we are still
3:47:15bullish. What about now? Still bullish.
3:47:18This is still the higher high. This is
3:47:20still the higher low. We have not body
3:47:22candlestick closed above or below. What
3:47:24about now? We body candlestick closed
3:47:26above. Cool. That becomes now the higher
3:47:29high. Where is the higher low? I don't
3:47:32know. All I know is if I bring out my
3:47:34trusty snake trick, I start working my
3:47:36my way backwards. The first turning
3:47:38point that is now going to be the higher
3:47:41low. That right there is going to now be
3:47:44moved to my higher low. So this will be
3:47:46my higher low at this point right here.
3:47:48We keep moving to the right and then we
3:47:50have boom a little bit of a break above.
3:47:53This is officially broken above the
3:47:54higher high. That's the new higher high.
3:47:56Where's the higher low? I don't know.
3:47:59This is the head of the snake. We then
3:48:02turn then this is officially going to be
3:48:04the higher low structure point in this
3:48:06market. We turn this into the higher low
3:48:09and if we continue going to this market
3:48:11we body candlestick or structure point
3:48:14close below that small break right there
3:48:16counts. Yes indeed this turns into the
3:48:19lower low. Where is the lower high? I
3:48:21don't know. I get the head of the snake.
3:48:23I then start working my way backwards.
3:48:26First turn that is going to be the lower
3:48:29high point at this point. right here. So
3:48:31now this market is bearish because that
3:48:34is the lower high and that is the lower
3:48:36low. This right here has not body
3:48:38candlestick closed above this point. So
3:48:40now we are still technically bearish.
3:48:43That right there is what 99% of traders
3:48:47cannot do correctly. And I wish I could
3:48:49just educate people on just that. I
3:48:51don't want to teach everybody my
3:48:53strategy. I don't want everybody to have
3:48:54my strategy. I really don't. I could
3:48:56give a [ __ ] I just want people to learn
3:48:58how to read the market. I feel as if
3:49:00people were just to be able to
3:49:02understand if the market is bullish or
3:49:04bearish in the first hand, then they
3:49:07would be able to actually be able to
3:49:09make a logical trade decision because
3:49:11right here, let's say you don't know how
3:49:13to identify if this market is bullish or
3:49:15bearish. You would see this market
3:49:16heading up. You're like, "Yep, buy."
3:49:18You're actually buying at the worst
3:49:20point because this market has just
3:49:22shifted bearish. This is having the
3:49:24retracements to then literally create
3:49:26the perfect lower low leg to the
3:49:28downside. This has hit the top of a
3:49:30trend. We've had a reversal pattern
3:49:32right here. This is the left head, right
3:49:34shoulder of this market. It's creating
3:49:36the perfect reversal pattern, retesting
3:49:39the neckline, and then we're selling.
3:49:41But you can't even tell the difference
3:49:42in between if it's bullish or bearish.
3:49:44And that's why you're losing. You're not
3:49:45losing because you don't have a
3:49:46strategy. You're just losing because you
3:49:48don't know how to read the market. Not
3:49:50knowing how to read the market. Not
3:49:51having a strategy is already bad. But
3:49:53not knowing how to read the market and
3:49:55not having a strategy. It's just a
3:49:56combination for the worst possible
3:49:58outcome ever. That's what I want to
3:49:59educate people on first. It's like learn
3:50:01how to read the market. And then you can
3:50:04think about how you can actually execute
3:50:06a strategy. Learn on how to read the
3:50:09streets. Learn how to read the stop
3:50:11sign, the red lights, the green lights,
3:50:13the turning signals, the highways. Then
3:50:16you can think about speeding and getting
3:50:17to places fast. But you can't speed and
3:50:20drift and and and and haul ass to places
3:50:22if you don't know where you're going and
3:50:24you don't know the roads. You cannot
3:50:26ident you can't buy or sell a market if
3:50:29you don't know the difference between if
3:50:30it's going up or if it's going down.
3:50:32This right here is going to be the core
3:50:34foundation of everything else that I
3:50:36want to teach you. So I really really
3:50:37really really
3:50:39want to break this down to the tea and
3:50:41get you guys to understand everything to
3:50:43perfection because once you understand
3:50:44this you get everything else right. So,
3:50:46what I've just taught you right now is
3:50:48how to identify if something is bullish
3:50:51or if something is bearish based off of
3:50:53the line chart. Right now, let's say
3:50:56right now I'm going to grab this market
3:50:58right here. Right? So, for example,
3:51:00we're going to go to the most recent
3:51:02price. Right? This is S&P 500 right now
3:51:05in the live market. Right? So, we're
3:51:06going to switch from the candlestick
3:51:09chart to then the line chart. Now, if
3:51:12you were to go ahead and tell me if this
3:51:14market right here is bullish or is this
3:51:18market bearish, it would almost be
3:51:20extremely obvious, right? Because based
3:51:21off of everything that I have pretty
3:51:23much just showed you, you would be able
3:51:25to identify that this market is
3:51:27obviously bullish, right? You can tell
3:51:29that this market right here, this is
3:51:30going to be the highest high and that
3:51:33the higher low is going to be at this
3:51:36point right here. Right? You can tell
3:51:38that this market is bullish. You can
3:51:39tell that this market, if we were
3:51:41looking at it from over here, for
3:51:42example, you can tell that this was the
3:51:44higher high. This was the higher low. If
3:51:48we body candlestick closed above this
3:51:50line right here, this becomes the higher
3:51:53high. Where is the higher low? You get
3:51:55the head of the snake. And then this
3:51:57head of the snake, you start working it
3:51:58backwards. And then at the turning
3:52:00point, that is going to be the higher
3:52:02low. All right, very easy. I've taught
3:52:04you all this up to this point. Right?
3:52:05Now you know that this is going to be
3:52:07the higher low from this point right
3:52:09here. Cool. You know if we body
3:52:11candlestick close below it, we'll go
3:52:13bearish. So this then becomes the lower
3:52:15low and then this right here becomes
3:52:17then the lower high. You know if we body
3:52:20candlestick above this, we then go
3:52:22bullish. Oh, that right there did not
3:52:24body can well we'd have to go check if
3:52:26the bodies did and I'll explain that in
3:52:27just a second. But based off of the
3:52:28market structure, guess what? We did not
3:52:31break above that point. So we still
3:52:33remained bearish. We continue to go and
3:52:35then now we have officially broken above
3:52:38this structure point over here. So this
3:52:40became the higher high and then where
3:52:43was the higher low? I don't know. I get
3:52:45my trusty snake trick, start working my
3:52:47way down and boom, this is a significant
3:52:50point where the market actually
3:52:51reversed. So then this right here is
3:52:53actually going to become the higher low.
3:52:55We break above and then we have higher
3:52:58high and higher low. Very clean, very
3:53:01obvious, very straight to the point.
3:53:03This right here is a very very very
3:53:05obvious market determining whether it's
3:53:09bullish or if this market is bearish.
3:53:11Wow. I have just hit stop loss on my
3:53:14trade. I just uh I'm looking at it here
3:53:16right now live. Great. I just hit stop
3:53:19loss. Let me make sure. One second. Uh
3:53:23yep. I just hit stop loss. I lost right
3:53:26now $153,000.
3:53:29Could have definitely been worse. Could
3:53:30have definitely been worse. I just took
3:53:32a trade that simply made absolutely no
3:53:36sense. And this trade right here that I
3:53:38was saying I was going to wait for the
3:53:40candlestick to close. Guess what
3:53:42happened? That's what happened. So, you
3:53:44guys have seen this happen in real time.
3:53:45The market moves very fast and you know,
3:53:48I'm focused on educating you guys right
3:53:49now. It is what it is. I missed out on
3:53:51this trade, but just perfect example of
3:53:54the market moving to perfection right
3:53:56here. So, this right here, hit my stop
3:53:58loss. I took this trade against the
3:54:00trend. And then I'll explain all this to
3:54:01you guys later. This trade, I would have
3:54:03taken this loss. And this trade, I
3:54:05missed out on this win. It is what it
3:54:07is. It is part of the game. But for
3:54:10example, if we were to go ahead and go
3:54:12to a different market, for example,
3:54:14let's say we were And by by the way, ju
3:54:16just to show you guys, I'm not lying. So
3:54:19GBPC uh USDCHF, this market right here,
3:54:22let me go back over here. I literally
3:54:24just took this loss right now. took this
3:54:26loss right now for $153,000.
3:54:30So you guys can see it right there for
3:54:32yourselves. $153,000.
3:54:35Now, I should have not taken the trade
3:54:37in the first place. It was a very
3:54:38high-risisk trade. But, you know, I
3:54:40personally accepted it and I even
3:54:42recorded me taking that trade live and
3:54:45I'll put the channel my other channel
3:54:46probably somewhere in the link below
3:54:48where I break these trades down live and
3:54:50why I'm interested in taking it, so on
3:54:52and so forth. But yeah, this just
3:54:54happens to be a very degenerate trade,
3:54:56right? So, for example, let's say we're
3:54:58looking at this market right here and
3:55:00we're looking at it based off of the
3:55:01line chart. The exact same trade that I
3:55:03have taken. What can you tell based off
3:55:05of this market right here? Well, you can
3:55:07obviously tell that this market is
3:55:09bearish, right? This market at one
3:55:10point, this was the lower high over
3:55:13here. This market was this was the lower
3:55:15low. We broke below. So, this makes this
3:55:18the new lower low. And then if we were
3:55:20to do our trusty snake trick, this would
3:55:22be the head of our snake. And if we
3:55:24start working our way backwards, this
3:55:27would be the first turning point right
3:55:28here. This would be the lower high. So
3:55:31this market would have gone from bearish
3:55:34to then bearish, right? This would be
3:55:35the new lower low. This would then be
3:55:38the new lower high at this structure
3:55:39point, right? So we can tell that this
3:55:41would be bearish on this time frame. If
3:55:43we go down to the 4our, on the 4 hour,
3:55:45we can tell pretty much the same thing
3:55:47that this is the lower low. And if we
3:55:49start doing the little trusty move for
3:55:51me personally, if I were to be a snake,
3:55:53this right here is just another little
3:55:54bump on the road. This is just a little
3:55:56bump in the road. But this right here is
3:55:58a very significant turn. There was
3:55:59probably something very sharp, very
3:56:01important there. So I would put the
3:56:03lower high at that structure point right
3:56:05there. You always want to place your
3:56:07lower high and your lower low at the
3:56:09points where there's a significant move
3:56:11just like this one. something that is
3:56:13very obvious that the market had a
3:56:15reaction from from like this from this
3:56:17to this to this to this to this. These
3:56:19smaller points right here aren't really
3:56:21as significant as structure points for
3:56:22me. Neither are these very small ones.
3:56:24It needs to be a very sharp clean
3:56:26turning point. That is what's going to
3:56:28be considered a valid structure point.
3:56:31Now we for now we're going to be using
3:56:33the line chart to identify these very
3:56:35sharp structure points. But we are going
3:56:36to be moving to the candlesticks soon.
3:56:38Now moving on to the next subject which
3:56:40is the actual candlestick trading. It is
3:56:43actually very easy right because a lot
3:56:45of traders sometimes they get confused
3:56:46and what they end up doing is that they
3:56:49pretty much come here into the market
3:56:50and they'll be confused if this is a
3:56:53higher low if this is a higher high this
3:56:55is a higher low if this is a higher
3:56:57high. And what if I told you that it's
3:56:59just extremely easy for you to be able
3:57:00to identify if something is bullish or
3:57:02bearish. just go to the line chart back
3:57:05into exactly what I was just educating
3:57:07you guys on and just do the exact same
3:57:09thing that I was showing you right now
3:57:11to this point. Let's say we start
3:57:12breaking it down from this point right
3:57:15here for example, right? We're going to
3:57:16use the bar replay and we're going to go
3:57:18back this market right here. Why would
3:57:20you get lost in identifying if all this
3:57:23over here is bullish or bearish when you
3:57:24can really just work from this structure
3:57:27point right here? You can tell that this
3:57:28structure point right here is obviously
3:57:30the highest high in this market. So,
3:57:32we're going to count this as what it is,
3:57:34the highest high. Now, if we were get to
3:57:37get the head of our snake trick and we
3:57:39start working our way down, working our
3:57:41way down. Boom. This market has indeed
3:57:44reversed from this point. Right now,
3:57:46this is the first turn. So, then this
3:57:48will turn into the higher high and then
3:57:51this will turn into the higher low. Now,
3:57:55this market turning into the higher low
3:57:57confirms that as long as we are inside
3:57:59of this higher high and higher low, this
3:58:01market will remain bullish. Pretty easy,
3:58:05pretty self-explanatory. All we have to
3:58:06do now is go back to the candlestick
3:58:08chart. And would you look at that? We
3:58:10have our higher low placed perfectly at
3:58:14our higher low and placed perfectly at
3:58:15this higher high. All we really have to
3:58:17do here is just adjust it slightly and
3:58:20put it to the bodies of the
3:58:22candlesticks. When it comes to
3:58:23identifying market structure on the
3:58:26actual candlestick chart, it really is
3:58:28no different than the line chart. You
3:58:30just want to make sure that you are
3:58:31doing it based off of the bodies of the
3:58:34candlesticks. Do not take the wicks into
3:58:36account. Remember, the wicks are the
3:58:39trail of where the market has been, but
3:58:41it's not the actual structure of where
3:58:43the market has been. You want to make
3:58:45sure you are going based off of
3:58:47structure. So, a little bit of a of a
3:58:49hack if you would in order for you to
3:58:51have a bit more clarity on this if it's
3:58:53your first time identifying market
3:58:55structure. It's better if you do it with
3:58:57the actual candlesticks and not the
3:58:59wicks. So, double click on the charts
3:59:01and once you double click on the charts,
3:59:03go to style. Make sure you have all of
3:59:05these un unchecked. And then make sure
3:59:07you go to the no gap candlesticks. Go to
3:59:10the settings of the no gap candlesticks.
3:59:12And then on the wicks, just put them to
3:59:15the color of your background. and my
3:59:17background is white. And if you notice,
3:59:19if I were to do that, I no longer have
3:59:22wicks. I'm only looking at the market
3:59:25structure for what it is, the market
3:59:27structure. I'm looking for it based off
3:59:29of every single elbow point. So, if I'm
3:59:32basing the structure, it's very easy for
3:59:34me to play structure structure
3:59:36throughout all of here. It's very easy
3:59:38for me to identify this structure
3:59:40exactly how the line chart would do it.
3:59:43So, I want to first practice on the line
3:59:45chart. So, first I can identify all of
3:59:48these structure points here as clear as
3:59:50I can. And then after I identify all
3:59:52these structure points, I then want to
3:59:54be able to just go ahead and do it on
3:59:56the candlestick chart for my own without
3:59:59actually using the line chart. So here
4:00:02for example, we have this as the higher
4:00:03high. We have this as the higher low. As
4:00:06long as we are in between, we are still
4:00:08bullish. Now what has happened here? We
4:00:11have now body candlestick closed above.
4:00:14That is now the confirmed higher high.
4:00:17Where is the confirmed higher low? I
4:00:19don't know. We place the head of the
4:00:20snake. We start coming backwards and
4:00:22boom, we turn. That right there is
4:00:25indeed going to be the higher low. We
4:00:27just get the higher low. We move it up.
4:00:29And as of right now, that's the higher
4:00:31high. The higher high can obviously
4:00:33move. So this higher high, if it
4:00:36continue to move a little bit more up,
4:00:37then that's the higher high. What gives
4:00:39us the indication that that high push is
4:00:42done is once we actually start to have
4:00:45some type of retracement, a candlestick
4:00:47like this that starts to have a
4:00:50pullback. That pullback is what creates
4:00:53that elbow. It's what creates that
4:00:54structure point, which creates that stop
4:00:56sign, that turning point. This
4:00:58candlestick is what leads us to
4:01:00understand that this push has somewhat
4:01:04stopped and now this can potentially
4:01:05start coming back into a pullback.
4:01:07whether it's going to continue going to
4:01:09the upside or go bearish. But this
4:01:11candlestick confirms that that body
4:01:13structure right there is indeed the
4:01:16higher high. And obviously a
4:01:17continuation push after that would just
4:01:19confirm that. So as of right now, we
4:01:22know that this is the higher low to this
4:01:23structure point. And we know that this
4:01:25is the higher high. This market is very
4:01:27much bullish. If we go back out to the
4:01:30line chart for just some verification,
4:01:31we can tell that this is the higher low
4:01:33and that's the higher high. very clean,
4:01:36very obvious. There's no if ends or
4:01:38buts, right? As long as we are above
4:01:40this higher low, we are bullish. Now,
4:01:43let's say something like that would
4:01:44happen. Something like that is now
4:01:47confirming that we have body candlestick
4:01:50closed below the higher low and now we
4:01:53are bearish. So, as soon as this
4:01:56singular candlestick right here, body
4:01:59candlestick closed below this structure
4:02:01point, we are bearish. So, I know I I
4:02:04kind of sneaked it in there and I said
4:02:05it a lot throughout the whole entire
4:02:07part of us speaking about market
4:02:09structure, but this market could have
4:02:11been creating a wick. This market could
4:02:13have wicked into this side. And let's
4:02:15say for example, right now we are on the
4:02:174hour time frame, right? It's the 4hour
4:02:19time frame. There's still 2 hours left
4:02:21in this candlestick. And this
4:02:22candlestick has is below this higher
4:02:25low, right? It hasn't closed below. It
4:02:27is below this higher low. And there's
4:02:29still two hours left for this
4:02:31candlestick to close. Is that a bearish
4:02:34confirmation? No. Because that
4:02:37candlestick has not closed. In those two
4:02:40hours, for all we know, this candlestick
4:02:43can come back up and then close above
4:02:46this higher low and it was just creating
4:02:48a wick and then this continues to have
4:02:50the push to the upside. You only take
4:02:53the trade or excuse me, you only confirm
4:02:56that this market is bearish once we have
4:02:59body candlestick closed below after
4:03:03let's say we are here for 2 hours left
4:03:05to the candlestick and then the
4:03:06remaining 2 hours it just consolidates
4:03:08here and it closes below. Now we have a
4:03:12confirmed shift of structure. This
4:03:14market is no longer bullish. It is only
4:03:18confirmed shifting structure once this
4:03:20candlestick has closed below. So then
4:03:23this would turn into the lower low. And
4:03:26then let's go backwards. Let's pretend
4:03:28we don't know where the lower high is.
4:03:29This is the height of the snake. Start
4:03:31working our way backwards. This is the
4:03:33turn. Boom. That right there is the
4:03:35lower high. So we know that this is the
4:03:38lower high. And we know that that down
4:03:41there is the lower low. Now, this lower
4:03:43low can continue go down into who knows
4:03:46when. We don't know until that lower low
4:03:49is going to stop. But we know that lower
4:03:51low will stop once we start to have a
4:03:54retracement. When we start to have some
4:03:56type of a pullback, that is our first
4:03:58indication that now we are stopping.
4:04:00Right? So, this move has stopped and now
4:04:02we can potentially create a new lower
4:04:04high to then create a new lower low. But
4:04:07as of right now, this is not the
4:04:09confirmed lower low. This is just the
4:04:11current low low. Like this is the lowest
4:04:13point in this move. We only get a
4:04:16confirmation and you guys should be
4:04:17writing all of this down and you guys
4:04:19can go back if needed. But you only get
4:04:21a confirmation once the candlestick has
4:04:24actually closed. And as of right now,
4:04:27this candlestick has closed, but it
4:04:28hasn't stopped. So you only get the
4:04:30confirmation once this candlestick has
4:04:32stopped. And as of right now, for all we
4:04:34know, this next candlestick can keep
4:04:36going down or it could stop and start to
4:04:38have a retracement. So let's see what
4:04:39happens. So the next candlestick that we
4:04:41get from this market is going to be a
4:04:44reversal. Okay, cool. So this
4:04:46candlestick having this retracement to
4:04:48the upside let us know that this
4:04:50candlestick has officially stopped here.
4:04:52So now we know that this is the
4:04:54confirmed lower high and that this is
4:04:55the confirmed lower low. The next
4:04:57candlestick can pretty much do something
4:04:59like this. And then guess what? This
4:05:02will now be the new lower low. And then
4:05:04this will now be the new lower high. And
4:05:06you can see this very clearly in the
4:05:09market structure area. Market structure
4:05:11area. If you guys were to see it, you
4:05:13can tell that this is the lower high.
4:05:15This is the lower low. And this is now
4:05:17potentially having a reversal to
4:05:19continue going down. We know that as
4:05:21long as we are inside of this lower high
4:05:23and this lower low, we are bearish. And
4:05:25by the way, I just switched over to this
4:05:27camera because my other camera just ran
4:05:29out of battery, right? But let's
4:05:30continue to go with this example. Right?
4:05:32So now we know that this is the lower
4:05:34high. We know that this is the confirmed
4:05:36lower low and that this market is indeed
4:05:38bearish as long as we remain inside of
4:05:40this lower high and this lower low. We
4:05:42are then bearish. Cool. So right now
4:05:44this market can do exactly right could
4:05:46do exactly what it's doing right now.
4:05:47Has this closed below? No. So that is
4:05:50not indeed the bearish move. As you can
4:05:52tell took me way too long to pause it.
4:05:54But as you can tell this candlestick
4:05:56indeed did break below that structure
4:05:58point. So then that will go as the lower
4:06:01low. And if we were to then go ahead and
4:06:03do our trusty snake trick, this is the
4:06:05head of the snake. This is where the
4:06:07snake has to then turn. That will then
4:06:09be the lower high right then at that
4:06:11structure point. Then, as you can tell,
4:06:13we body candlestick close below once
4:06:15again. This turns into becoming the
4:06:18lower low. And then if we were to do the
4:06:20trusty snake trick, this becomes the
4:06:22lower high once again. And then we body
4:06:24candlestick close above this right here
4:06:26becomes the higher high. And then if we
4:06:28were to do our trusty snake trick head,
4:06:30the market turns, then that right there
4:06:33will turn into the actual higher low.
4:06:35Now all that right there shifted from
4:06:37bearish to bullish to bearish to bullish
4:06:39in just 12 hours cuz we are currently on
4:06:41the 4hour time frame. Now you guys can
4:06:43see if we were to go to the line chart
4:06:45for example, you can see how this
4:06:46created lower high, lower low, lower
4:06:49high, lower low, and then we shifted
4:06:51bullish. So right now that this market
4:06:53has shifted bullish, we can simply wait
4:06:55for a retracement to then buy. But we
4:06:57don't know if this move has stopped. We
4:07:00don't know if this is the ultimate
4:07:01higher high or not. So let's see what
4:07:03this market brings. So right now it's
4:07:05showing some type of a retracement. So
4:07:07this is the confirmed higher high. And
4:07:09now right here we're having a
4:07:10retracement. And this can be the perfect
4:07:11higher low to then create a new higher
4:07:14high. So this market is yet to break
4:07:17above this higher high. And into that
4:07:20candlestick is not closed. It is not a
4:07:22confirmed closure above the higher high.
4:07:25If you notice that minor candlestick
4:07:27closing above the higher high, guess
4:07:29what gave it that confirmation push to
4:07:32the upside. Now, that is the confirmed
4:07:34higher high. Now, where is the higher
4:07:36low? Is the higher low at this point
4:07:38right here? Or is it at this point right
4:07:40here? Now, just for examples purposes,
4:07:42since you guys watching this are
4:07:43beginners, the easiest way to do this is
4:07:45just go to the line chart and then check
4:07:47where is the structure point. If this is
4:07:50the head of the snake, start working our
4:07:52way back. This is the reversal point.
4:07:54That right there is going to be the
4:07:56higher low point. So very clean for you
4:07:58to identify that reversal point and
4:08:00you'll be able to tell where the higher
4:08:02low is. So all you have to do is come
4:08:04place that as your higher low and that
4:08:05is your higher high and that is it. Now
4:08:07you understand that this market is now
4:08:09bullish. Uh this market is bullish. You
4:08:12can identify this as the higher high and
4:08:14let's see if we can predict when it can
4:08:15potentially stop. So for right now there
4:08:17you go. It's showing some sign of a
4:08:20pullback. So this is so far the
4:08:22confirmed higher high because if this
4:08:24next candlestick has a push to the
4:08:25upside then that would then be the new
4:08:27higher high and then new higher low. So
4:08:29for right now this market just seems to
4:08:31be consolidating just a little bit.
4:08:32Shortly after that this market after
4:08:34having this retracement did exactly as I
4:08:37just said had this retracement then it
4:08:39comes to the upside. It breaks above
4:08:41this is the higher high. This becomes
4:08:43the higher low and after this becomes
4:08:45the higher low we just start chasing or
4:08:47continue pushing with price. And this
4:08:49was the higher high but then no
4:08:50pullback. Now as of right now this right
4:08:53now where this market is at this very
4:08:54moment is the ultimate and the newest
4:08:56highest high. And this candlestick at
4:08:58this very moment has 1 hour and 22
4:09:01minutes before closing. So as you can
4:09:03tell I'm literally placing it right at
4:09:05the live price right now. So this market
4:09:07is currently bullish. That is the
4:09:09highest high. That is the higher low. So
4:09:11if I were just to bring back the the
4:09:14wicks really fast, we can see more or
4:09:15less where the trail of the market has
4:09:17been. And as you can tell, this market
4:09:19has been all the way up to this point
4:09:21over here. This was the highest high at
4:09:24one point. This whole entire candlestick
4:09:27was full like this at one point, making
4:09:29that the higher high. But right now, we
4:09:32cannot confirm this higher high and
4:09:34where it is until this candlestick does
4:09:37not close in the next hour and 20
4:09:39minutes. This next hour and 20 minutes
4:09:41is going to be used to identify where
4:09:44this higher high officially closes. So
4:09:47right now we're kind of just moving this
4:09:49up and down until the market finishes
4:09:51closing it. Once that market finish
4:09:52closing it, we could identify to that
4:09:54point and the market can either do two
4:09:56things. Start to have a retracement or
4:09:58continue pushing to the upside. And if
4:10:00it continues pushing to the upside, all
4:10:01we have to do is just keep moving that
4:10:03higher high with it. Very similar to how
4:10:05it did with this candlestick because
4:10:07once upon a time, this was the higher
4:10:09high at this point right here. And then
4:10:11after that higher high, the next
4:10:13candlestick after that just simply
4:10:15closed as a another bullish candle. And
4:10:17if it closes another bullish candle, you
4:10:19just move the higher high to that point.
4:10:21So on and so forth to the point where we
4:10:23are now. So right now this market is
4:10:25bullish. That is the higher high. And
4:10:27then this is the higher low. Now this is
4:10:30the simplest way to identify market
4:10:33structure. You can literally identify
4:10:34this on any market. And a lot of people
4:10:37make the mistake on not properly
4:10:39identifying structure correctly and they
4:10:41just simply don't know how to do it. For
4:10:44example, we can go to USDCHF and this
4:10:47market right here on USDCHF is pretty
4:10:49much very clear to the point where you
4:10:51don't even have to go to the actual line
4:10:54chart. You can tell that the lowest
4:10:56point that this market has ever been is
4:10:58this market right here. But if this
4:11:00market you would call it bullish, just
4:11:03say yes. or if you would call it
4:11:04bearish, just say no. What would you
4:11:06call this marker right here? Bullish or
4:11:09bearish? I'll let you take a second and
4:11:11decide. Go ahead and pause for the
4:11:13video. Okay. So, you probably either
4:11:16made a mistake or almost made a mistake
4:11:19on this market. This market, arguably
4:11:22speaking, depending on who you are
4:11:24talking to, would technically be bullish
4:11:27as of right now. You might be asking,
4:11:29Alex, how this market is clearly going
4:11:31to the downside. This is clearly all the
4:11:33way at the lowest point it's ever been.
4:11:35It has to be bearish. No, not
4:11:36necessarily. This right here is
4:11:38technically could be considered the
4:11:41lower high. And then this right here
4:11:43could technically be the lower low at
4:11:46this point over here. So, this market is
4:11:48technically bearish, yes, but it's not
4:11:50bearish because of the lowest point that
4:11:53it's ever been. It's bearish because of
4:11:55this lower high and this lower low. Now,
4:11:58if I were to look at this quickly on the
4:12:00line chart, you can see how this would
4:12:02actually be the lower high structure
4:12:04point. And then this would be the lower
4:12:06low structure point. At no point would I
4:12:08possibly call that an actual structure
4:12:10point cuz the snake, if we were to just
4:12:12do the snake trick once again, the snake
4:12:14would just simply pass right on by
4:12:16there. No big deal. And then over here,
4:12:18it would actually run into some more
4:12:20structure points. So this market is
4:12:22actually bearish because of that lower
4:12:25high and that lower low not because of
4:12:28the current price that is happening
4:12:30right now. Now if this market indeed
4:12:32does close where it is now in the next 5
4:12:35hours and 17 minutes then yes then this
4:12:38would become the new lower low and then
4:12:40we just simply go back to the line chart
4:12:42and then we would be able to identify
4:12:44that the lower high would then be at
4:12:46this structure point right here. very
4:12:48clean, very easy, very straight. But a
4:12:51lot of traders make the mistake that
4:12:53they overlook a lot of market structure
4:12:55and they only focus on one thing and
4:12:57they're just looking at this right here,
4:12:59right? Some traders, they get way too
4:13:01zoomed into the market and they go
4:13:02analyze or do a full top down analysis.
4:13:04They're just looking at the market like
4:13:06this. They're looking at the market for
4:13:07this move right here and they're looking
4:13:08at the market for just this move right
4:13:10here. So guys, you got to understand,
4:13:11you need to take a step back. You need
4:13:13to look at the market for what's going
4:13:15on. Now, some other traders make some
4:13:17very big mistakes also, and they do this
4:13:19when they go analyze the market. They're
4:13:20like, "Yep, this market is uh bearish.
4:13:22Yep. You see how how it's been going
4:13:24down for like the last 5 years." It's
4:13:26like, "Yeah, but you need you need to
4:13:28understand like where the market is
4:13:29right now. The market is all the way
4:13:31down here." Like, why are you looking at
4:13:32price all the way up here when it was
4:13:34here in 2022? It's like that's 3 years
4:13:38ago. Like, we are very far away from
4:13:40that. We want to trade the market today.
4:13:42So, we want to make sure we can zoom in
4:13:44an a healthy amount to where we are
4:13:46right now to where we can actually
4:13:47center the charts right in the middle. I
4:13:50don't know why, but I've seen whenever I
4:13:52get on calls with my students and I
4:13:53review the trades, like I literally see
4:13:55that they're analyzing the markets like
4:13:56this and they're like far away from the
4:13:58screen. I'm like, dude, are you scared
4:14:00of the market? Like, what's going on?
4:14:01And or they look at the market like this
4:14:03or they look at it like this, just like
4:14:05barely looking. It's like, bro, you need
4:14:06to get the market. You need to control
4:14:08it and put it in the middle. You need to
4:14:10focus on what's going on right in front
4:14:12of you. Because if you can't see what
4:14:14you're trading, how are you actually
4:14:16going to trade? Like, you literally need
4:14:18to be looking at it. And if you're
4:14:19having the market like this, too skinny
4:14:21or way too flat, how are you going to be
4:14:24able to identify if you're ready to buy
4:14:26or sell? You need to be able to actually
4:14:28look at the market for what's going on
4:14:30and centering it right in front of you.
4:14:32And that also goes hand inand when
4:14:33placing these structure points
4:14:34correctly. A lot of people will just
4:14:36overlook these things and they won't
4:14:37realize that this market is actually
4:14:38bearish. And I cannot count how many
4:14:41times I have seen a market like this one
4:14:43where 5 hours will still be in this
4:14:46candlestick closure and in those 5 hours
4:14:48this market will then do this and close
4:14:50as a bullish candle and then everybody
4:14:51counted it bearish wrongfully. Yes, you
4:14:53are right that it's bearish but you're
4:14:55wrong from where it is bearish and then
4:14:57from wherever you're wrong from it's
4:14:58bearish that's going to determine where
4:15:00you're going to be interested in selling
4:15:01or buying. And that is crucial to
4:15:03actually having the perfect entry for
4:15:05your trade, which we're going to getting
4:15:07we're going to be getting to all of that
4:15:08later into this video. I just want you
4:15:09guys to have a very clear understanding
4:15:11that there is so many different
4:15:12potential examples and and scenarios
4:15:14that could be happening on these
4:15:16markets, right? For example, let's say
4:15:18we go to GBPCHF, right? GBPCHF for
4:15:20example, if we were to be looking at it
4:15:22on this time frame, because again,
4:15:24remember every single time frame, the
4:15:26market structure is going to be
4:15:27different. The market structure on the 4
4:15:28hour will not be same as the daily and
4:15:31the daily will not be same as the
4:15:33weekly. Every single market structure is
4:15:35going to be different. Would you call
4:15:36this market right here bullish or
4:15:39bearish? Go ahead, take a second, pause
4:15:41the video, test yourself. Okay, perfect.
4:15:44This market structure very, very easily.
4:15:46We go and hop over to the line chart.
4:15:48And the line chart, you're going to be
4:15:49able to identify that this market
4:15:51structure point right over here is the
4:15:53lower high. And that this market
4:15:55structure point over here is the lower
4:15:57low. Lower high, lower low. As you can
4:16:00tell, this market is yet to break above
4:16:03or below that lower high or lower low
4:16:07even up to this point right here. And
4:16:08this, keep in mind, we are on the weekly
4:16:11time frame, meaning every single one of
4:16:13these candlesticks is a whole entire
4:16:16week. We have literally like for us to
4:16:18make one of these candlesticks, it takes
4:16:19five trading days, which is a very long
4:16:21time. So the weekly time frame, for
4:16:23example, is bearish. So this would be
4:16:25the weekly lower high and this would be
4:16:28the weekly lower low. Pretty easy,
4:16:30pretty self-explanatory. Let's go look
4:16:32at the daily for example, the daily time
4:16:33frame. We take a step back as well and
4:16:35we can see everything that's going on.
4:16:37We can see our weekly lower high and
4:16:39lower low. But on the daily time frame,
4:16:41if we were to identify this for the
4:16:43daily structure, you can see how the
4:16:44daily actually goes lower low, lower
4:16:47high, lower low, and then we end up
4:16:49shifting bullish. So now we we know that
4:16:51we can look for more recent price action
4:16:54to determine if something is bullish or
4:16:55bearish. We don't really have to look at
4:16:57the weekly structure point because we
4:16:59know that the weekly structure point is
4:17:00the weekly structure point and within
4:17:02that weekly structure point the daily
4:17:04time frame went bearish and had an
4:17:06additional structure point and then we
4:17:08went bullish. So for the daily, I would
4:17:10zoom into pretty much a price action
4:17:12like this. And then within within this
4:17:14price action, I can very clearly
4:17:16identify that this market was at one
4:17:18point creating very clean lower high,
4:17:21lower low. We pretty much broke through
4:17:23all this over here. Then at this point
4:17:24down over here, we created a lower low
4:17:27and then this was the lower high. Right?
4:17:30So I'm talking about this example right
4:17:32here. This lower high, this lower low.
4:17:34Obviously this market then then we broke
4:17:37above this structure point right there.
4:17:38So at this point we are very very much
4:17:41bearish. We broke above that structure
4:17:43point making it now bullish. So we look
4:17:46at it on the candlestick time frames. We
4:17:47can see how it is bullish. We can pretty
4:17:49much see how that time frame stopped.
4:17:51And if you notice look how precise it is
4:17:53when I'm telling you guys that it is
4:17:55based off of the body candlestick
4:17:57closing below the line. If you notice
4:18:00this broke above this structure point
4:18:02right here. it breaking above this
4:18:04structure point made it bullish. So now
4:18:06this turns into the higher high making
4:18:09this the higher high then turns this
4:18:12into the higher low because if we do our
4:18:13trusty snake trick this is the point
4:18:15where the market has a turn and if for
4:18:17whatever reason you can't see it that
4:18:19clean. It's totally fine because you can
4:18:21go back out to the line chart and on the
4:18:24line chart you can see that that's the
4:18:25higher high that's the higher low and
4:18:27then we want to make sure that we can
4:18:28squeeze price to the bodies of the
4:18:30candlesticks. And if you notice, guess
4:18:32what happens? Price comes all the way
4:18:34back down to this higher low because
4:18:36again, this is very, this is bullish as
4:18:38long as we don't break below this line.
4:18:41And then price never body candlestick
4:18:44closes below that higher low. And then
4:18:46guess what happens? We then have a
4:18:48massive push to the upside. Look how
4:18:51precise placing these higher highs and
4:18:53higher lows is and the importance of it.
4:18:55You want to make sure that you can place
4:18:57this at an area that it is very clear
4:18:59and very obvious. Once again, you could
4:19:01go back out to the line chart and you
4:19:03can verify higher low, higher high. We
4:19:05have now body candlestick obviously
4:19:08above this area. So, we can go out to
4:19:10the daily time frame and place it on the
4:19:12body. This right here is a very clean
4:19:14higher high. Now, I would argue that I
4:19:18would not count this as a higher low.
4:19:21This right here is something that I can
4:19:23see the head of the snake just simply
4:19:25kind of just going right pass by. I see
4:19:27this as a much more sign significant
4:19:29turning point than that one. And the
4:19:32best way for me to confirm it is if I go
4:19:34out to the actual candlestick chart,
4:19:37which is what we're going to be trading.
4:19:39And I don't see any possible
4:19:41candlesticks creating an elbow. It's not
4:19:43something clean like it's not something
4:19:45for example like this that it actually
4:19:46creates a structure point. Here it
4:19:48creates a structure point. Like there's
4:19:50something here. It just looks like it's
4:19:51one whole move to the upside. So, not
4:19:53only does the actual line chart
4:19:55structure not look clear, but when I go
4:19:57out to the candlestick chart, I also
4:19:59confirm that it's not clear. So, for me,
4:20:01I would then make the higher low, this
4:20:03structure point right here, making this
4:20:05the higher high and making this the
4:20:06higher low. Now, keep in mind, this is
4:20:08not the confirmed higher high from this
4:20:10market because this market could simply
4:20:12continue going to the upside. We don't
4:20:14know. But as of right now, that is the
4:20:15higher high and this is the higher low.
4:20:17So, let's see what happens next. My
4:20:19point exactly. So, now this is the new
4:20:21higher high. And if you notice, there's
4:20:23no difference in the higher low
4:20:24structure point on this time frame.
4:20:26There's just still a whole entire move
4:20:28to the upside. The move just keeps going
4:20:30up. And now looks like we are stopping.
4:20:33So this looks like we are at the
4:20:35confirmed higher high. Now having this
4:20:38confirmed higher high is so important
4:20:40because you're going to be able to
4:20:42actually be ready to either enter a
4:20:44trade or set up the perfect trade to
4:20:46enter. I'm telling you, as soon as you
4:20:48understand this market structure, you
4:20:50understand everything. I'm going to be
4:20:52able to teach you how to actually use
4:20:53the inverted head and shoulders, the
4:20:55head and shoulders, entry time frame
4:20:57confirmation, shift of structure. I'm
4:20:58just going to teach you how to do
4:21:00everything. Once you understand this,
4:21:02this is like me teaching you the ABCs to
4:21:05a language. As soon as you get the ABCs,
4:21:07you can basically put it all together
4:21:09and then you're going to actually be
4:21:10able to go ahead and speak on it. But
4:21:12first, you need to learn the alphabet.
4:21:14So this right here, as you can tell, the
4:21:16market has actually shown a sign of
4:21:18stopping. And this market looks like
4:21:19it's ready to start having some type of
4:21:21retracement before continue going to the
4:21:23upside. So that's what I thought. But
4:21:25then guess what? The market just simply
4:21:27created another higher low and kept
4:21:29going to the upside. It doesn't look
4:21:30clean on the actual candlestick chart.
4:21:33You can just use the line chart to be
4:21:35able to identify. We have body
4:21:37candlestick closed above. Let's make
4:21:39sure of that first before anything. And
4:21:41yes, we did body candlestick close above
4:21:45this higher high. So now this is the new
4:21:47higher high. I go back out to the line
4:21:49chart. And on the line chart, this now
4:21:52turns into the higher low, meaning we
4:21:54are still very much bullish on the daily
4:21:57time frame. Now the daily time frame,
4:21:59guess what ends up happening? We end up
4:22:01actually having a break below that
4:22:03higher low. Okay, what happens once we
4:22:05break that higher low? First of all,
4:22:07let's just go out to the line chart just
4:22:09to confirm. So now on the line chart,
4:22:11we're going to make this the new lower
4:22:13low. And then we are going to make this
4:22:16the lower high, right? Very clean, very
4:22:19simple. Now the daily time frame is
4:22:22bearish, quote unquote. And if we were
4:22:24to just continue following price action,
4:22:26this right now, as of right now, is the
4:22:27confirmed lower low, but it is not fully
4:22:30confirmed yet because we don't know if
4:22:32this has stopped, right? We need to make
4:22:34sure and figure out where it's going to
4:22:36stop. So if we keep it going, perfect.
4:22:38Price has very much stopped there. So
4:22:40that is the confirmed lower low. We can
4:22:43look at it also on the line chart. As
4:22:45you can tell, lower high, lower low.
4:22:48Once again, I would not count that as
4:22:49the structure point. Feel like the snake
4:22:51would pass right by there exactly how it
4:22:53did here. And if we were to look at it
4:22:54on the candlestick chart, I don't see
4:22:56any elbows being created. So right now,
4:22:58we have lower high, we have lower low.
4:23:00And this trade as of right now has not
4:23:03body candlestick closed below. No body
4:23:06candlestick closure, no confirmation.
4:23:08And now that we have a body candlestick
4:23:10closure below, we can then confirm that
4:23:13this is actually indeed a proper lower
4:23:16low structure point. So I would go ahead
4:23:18and then count this as the lower low.
4:23:21You don't know where to place the lower
4:23:22high. Go to the line chart and find the
4:23:25cleanest structure point. So if I were
4:23:27to make this the head of the snake,
4:23:29start working my way back, I would not
4:23:31count that one as the cleanest structure
4:23:33point. I would count this one as the
4:23:35cleanest structure point. And that
4:23:37cleanest structure point is what's going
4:23:38to lead me to then make the lower high
4:23:41right at this area right here. Now,
4:23:43these potential examples are literally
4:23:45never ending. These things are just the
4:23:47market creates so many different unique
4:23:49types of structure points that it's a
4:23:50neverending different scenario. There's
4:23:52never always a perfect exact black or
4:23:54white structure point. And I want you
4:23:56guys to understand that because that is
4:23:57so important to having that mindset when
4:24:00it comes to trading the market. I wish I
4:24:02would have known that when I came into
4:24:03the market. I always tried to perfect
4:24:06and get the precise exact structure
4:24:08point every single time. And the truth
4:24:10of the matter is that the market doesn't
4:24:11move perfect. It's going to move however
4:24:12it wants. And sometimes it moving
4:24:14however it wants. It doesn't make things
4:24:16extremely clear for you to actually be
4:24:18able to identify as a lower high or
4:24:20lower low or higher high and higher low.
4:24:21You have to make it make sense. And if
4:24:23it makes sense, it makes sense. If it
4:24:24doesn't, it doesn't. But there's never
4:24:26going to be like a proper black or white
4:24:28textbook that's going to tell you, "Yep,
4:24:29that's exactly how it is." Exactly what
4:24:31I'm teaching you right now is as close
4:24:33as it's going to get. Everything is just
4:24:34based off of where it's the cleanest and
4:24:36where it makes the most sense because
4:24:38every single move is so different. And
4:24:40that is this is a perfect example on how
4:24:43placing that as the lower high at the
4:24:45area where it makes sense. Price had a
4:24:47pullback to that area, did not have a
4:24:50body candlestick closure above and then
4:24:52guess what? We had a massive push to the
4:24:54downside. This is what I'm saying.
4:24:55Everything is just textbook. You need to
4:24:57follow it as close to it as you can. And
4:24:59the patience is the most important
4:25:01thing. Next, this is obviously going to
4:25:03break below. This is the lower low. And
4:25:05then I can almost guarantee you that the
4:25:06lower high will be right at that
4:25:08structure point right there. Once again,
4:25:09you go back to the line chart and then
4:25:11you can identify that that right there
4:25:13is the lower high. That right there is
4:25:16the lower low. And if we just continue
4:25:17following price, this market right now
4:25:19is bearish. As long as we are inside of
4:25:21this move right here. And then let's see
4:25:22what happens next. As you can tell, we
4:25:24come all the way back up very near that
4:25:27lower high. We do not body candlestick
4:25:29close above it. And guess what happens?
4:25:31Beautiful sells to the downside. Like
4:25:32this is just so easy because it's so
4:25:34predictable because you know exactly
4:25:36where the market is. So this turns into
4:25:38the lower high. This turns into the
4:25:39lower low. If we go ahead and look back
4:25:42into the line chart, it's very obvious
4:25:43where it's at. For right now, this is
4:25:45not the confirmed lower low because we
4:25:47don't know if that's where it stopped.
4:25:48And then that is exactly where it
4:25:50stopped. Right now we're having a
4:25:51retracement. As long as we remain inside
4:25:53of the lower high and lower low, we are
4:25:55bearish. And then would you look at
4:25:56that? This market as of right now did
4:25:58not break above the lower high, lower
4:26:00low, and you could have caught a
4:26:01beautiful sell inside of this bearish
4:26:03move right here. I'm just showing you
4:26:05guys how easy it is to identify if
4:26:07something is bullish or if something is
4:26:09bearish. And this right here, it is very
4:26:12obvious that that is the lower high and
4:26:14that this is the lower low based off of
4:26:17this structure point on how I am
4:26:19teaching you guys right now. So you use
4:26:21the line chart to determine if something
4:26:23is bullish or bearish. And then when you
4:26:25come to the candlestick charts, all you
4:26:27simply do is just adjust it and make it
4:26:29to the bodies so you have a clear
4:26:31understanding of where it is. This right
4:26:32here is how you identify if something is
4:26:35bullish or bearish and how market
4:26:37structure works. I cannot stress on how
4:26:39much I wished I knew how this is this is
4:26:42how things work because this would have
4:26:43made my life so much easier and I would
4:26:45have saved so much time on trying to
4:26:47figure out different ways on how to
4:26:49identify if something is properly
4:26:50bullish or if something is properly
4:26:52bearish. But right now you can just tell
4:26:54that the weekly time frame is bearish.
4:26:57So this is the weekly lower high lower
4:26:59low. That is what the daily lower high
4:27:01and lower low looks like on the weekly.
4:27:03The daily time frame, this is the lower
4:27:05high and lower low. This is what the
4:27:08actual weekly lower high and lower low
4:27:11looks like on the daily. And now if we
4:27:13go to the 4our time frame, on the 4our
4:27:15time frame, we can do the exact same
4:27:17thing that we have just done right now.
4:27:18Go out to the line chart and on the line
4:27:20chart you can identify that this 4hour
4:27:22time frame is also very much bearish.
4:27:25This is a lower high and then this is
4:27:28the lower low. You can follow all this
4:27:30structure. lower high, lower low, higher
4:27:32high, higher low. D, higher high, higher
4:27:36low. We break the structure and now we
4:27:38are bearish. So this is the 4hour lower
4:27:40high. And as of right now, this is the
4:27:434hour lower low. So if you ask me a
4:27:47question and you know you have the
4:27:48weekly time frame bearish, the daily
4:27:50time frame bearish, and then the 4our
4:27:53time frame bearish, h doesn't it make
4:27:55sense to sell? Of course, that's how you
4:27:57can kind of just start building a
4:27:59picture and then everything else just
4:28:00starts coming into play. So, without you
4:28:03even realizing, we have just done a top
4:28:06down analysis. We've gone from the top
4:28:08down. We've gone from the weekly time
4:28:09frame down. And that's how simple it is.
4:28:11But for right now, I just want to
4:28:13educate you guys exactly on how market
4:28:16structure works. We're going to be using
4:28:17the line charts to understand if market
4:28:20structure is bullish or bearish. And
4:28:21then after we go to the candlestick
4:28:23chart. And on the candlestick chart, we
4:28:24just place it to the bodies. And the
4:28:26most important rule is that you make
4:28:28sure that you place these lower highs
4:28:31and lower low lines or if you're going
4:28:33to be using a bullish market that you
4:28:36are actually placing these higher highs
4:28:38and higher low points. You want to make
4:28:40sure that you actually place these lines
4:28:42so you know exactly where your higher
4:28:44lows and higher highs are so you aren't
4:28:47mistaken from where the market is
4:28:48bullish or bearish from. To get your
4:28:50line, simply come here, place higher
4:28:52high, and then place the higher low at
4:28:55the point wherever the higher low is.
4:28:57This way, you have a clear understanding
4:28:58of where the market is. This way, you
4:29:01are actually having a perfect base to
4:29:04build your trade off of before you enter
4:29:06the trade and you know exactly the type
4:29:08of trade that you're entering before you
4:29:09even enter it. This market right here
4:29:11arguably is going to be bullish. So, as
4:29:14you can tell, this is the lower high.
4:29:15This is the lower low. This is the lower
4:29:17high. This is the lower low. Now, this
4:29:20is the higher high and this is the
4:29:21higher low. This right here is the
4:29:23weekly higher low at this point right
4:29:25here. And then right now, we are
4:29:27currently in the works of creating that
4:29:30weekly higher high. It's very simple,
4:29:32very straightforward. This right here is
4:29:34how you read market structure in the
4:29:36markets. Everything is based off of the
4:29:38elbows. Everything is to this market
4:29:41structure. You do it on the line chart.
4:29:42It reflects on the candlesticks. And the
4:29:44only difference in between one or the
4:29:46other is that the other one is just
4:29:47straight lines and this one is straight
4:29:49candlesticks. We want to make we want to
4:29:51make sure that we can focus on the
4:29:52bodies of the candlesticks and not the
4:29:54wicks. The wicks are just a trail. We
4:29:56use that for the entries that is not any
4:29:58use literally all the way into the end.
4:30:00The wicks are pretty much the last thing
4:30:02that we use. But right now, you want to
4:30:04make sure that you can just read the
4:30:05market structure and be able to identify
4:30:07if something is bullish or bearish based
4:30:09off of that structure. That being said,
4:30:11that is the candlestick charts and the
4:30:14line charts. All right, so at this point
4:30:15into the video, we are obviously very
4:30:17deep into what trading is, how trading
4:30:20works, and truthfully the very very
4:30:22simple concepts on how to read market
4:30:24analysis. Right now, you just understand
4:30:26to determine if something is properly
4:30:28bullish or if something is properly
4:30:30bearish. Now, we're going to get into
4:30:31top that analysis. We're going to get
4:30:33into area of interest, support and
4:30:34resistance, entry signal, double tops,
4:30:36double bottoms, break and retest,
4:30:38indicators, trading plan, strategy,
4:30:40everything inside of this video. So,
4:30:42want to take a quick pause and make sure
4:30:44you subscribe to the channel. If you
4:30:46haven't subscribed, hit that subscribe
4:30:47button, hit that like button as well.
4:30:48Leave a comment on what has been your
4:30:50favorite section so far. And to do a
4:30:53quick recap. So, up to this point, we
4:30:55have talked about what a currency pair
4:30:58is. We have talked about different types
4:31:00of traders, day traders, swing traders,
4:31:01scalpers, intraday investors. We have
4:31:04also talked about the types of technical
4:31:06trading. You have the line chart, the
4:31:08candlestick charts, multiple different
4:31:10forms of bar charts. You guys now
4:31:12understand what platforms you need to
4:31:14actually execute a trade and which ones
4:31:16you should focus on. That's only going
4:31:18to be Trading View, a broker of your
4:31:20choice, and then MetaTrader 5 to
4:31:22actually execute the trade. and then
4:31:24maybe Forex Factory if you want to use
4:31:27the fundamentals. Now you guys
4:31:29understand the actual trading sessions
4:31:31to be involved into the market because
4:31:32there yes the market is there to be
4:31:34available 245 to actually go ahead and
4:31:37execute a trade but that doesn't mean
4:31:39that you should actually execute a trade
4:31:41at whatever time you want whenever it's
4:31:43at the best of your convenience. You
4:31:44need to make sure that you're trading
4:31:45within that proper window of you
4:31:47actually executing a trade. So now you
4:31:50guys understand the different types of
4:31:52orders in the market. You guys
4:31:54understand what's an market instant
4:31:55execution? What's a buy stop, sell,
4:31:57stop, market order limits, and how you
4:32:00can actually place that on MetaTrader 5?
4:32:02You guys are educated exactly on how to
4:32:05identify the market structure. Now, if
4:32:07you need more practice and you need to
4:32:09see it all over again, just simply go
4:32:11back before you continue watching this
4:32:12video forward because there is no other
4:32:15market structure education that is to be
4:32:17done to determine if something is
4:32:18bullish or if something is bearish. All
4:32:20I can just really do is have a
4:32:21neverending amount of examples and then
4:32:23I would actually never get to the point
4:32:25when it comes to the strategy. Inside of
4:32:27my channel, I have many other videos
4:32:28like this one where I actually educate
4:32:30you on market structure alone and it's a
4:32:32full class on just that. But what I've
4:32:34just taught you previously should be
4:32:36more than enough for you to be able to
4:32:37go ahead go to any chart and determine
4:32:39if it's bullish or bearish. Now that
4:32:41after that you've learned and you've
4:32:42been able to identify that something is
4:32:43bullish or bearish. But what's next?
4:32:45Well, it's exactly what we're going to
4:32:46be getting into right now. Just want to
4:32:48do a quick pause quiz recap because
4:32:51that's a lot of information and that
4:32:53information has taken me a very long
4:32:54time to even remotely get near
4:32:56understanding it. And now the fact that
4:32:58I've just put it all to you in one
4:32:59single video is pretty crazy. And I just
4:33:01wanted to make sure that you realize
4:33:03that before we continue going forward.
4:33:05And if you think that you need to just
4:33:07watch the market structure section a bit
4:33:09more before moving on because now things
4:33:11are going to get a little bit more
4:33:12advanced and I'm going to start going a
4:33:13bit faster paced. Just literally take a
4:33:16quick pause at this section. Go back,
4:33:18watch the last 30 minutes to 45 minutes,
4:33:20even the last hour, and just watch that
4:33:22section over again. Go look over
4:33:24throughout your notes. And all I'm going
4:33:26to be doing now is teaching you now the
4:33:28advanced way on how to do it, how to
4:33:30actually do a proper top down analysis,
4:33:32and how to place your areas of interest.
4:33:34So, with that being said, let's get
4:33:36started. Okay, so let's see if you've
4:33:38been doing your homework and you've
4:33:39actually been paying attention, right?
4:33:41So, what I'm about to show you guys is
4:33:43going to be topdown
4:33:46analysis.
4:33:47Topdown analysis. This right here is
4:33:51what's going to lead you to determine if
4:33:53it's a good time to buy or a good time
4:33:56to sell. Now, you might be asking
4:33:57yourself, why is top analysis so
4:33:59important? And that is because top-down
4:34:01analysis is directly connected to the
4:34:04actual trend of the trade. And you
4:34:06should only be executing a trade if you
4:34:09are trading with the trend. The trend is
4:34:12your friend. I cannot stress this
4:34:14enough. And you want to make sure that
4:34:16you can be trading with the most amount
4:34:18of trends in your favor. So the trend is
4:34:21your friend. If you were to get
4:34:23something to write that on a piece of
4:34:26paper, this would probably be on the top
4:34:28of that forefront. Now, at the point
4:34:30when it comes to actually entering a
4:34:33trade, everything when it comes to
4:34:34educating you on the market, there's a
4:34:36bunch of other valuable notes, but when
4:34:38it comes to actually entering a trade,
4:34:39this is going to be probably one of the
4:34:41top things that you need in your favor
4:34:42for you to actually determine if the
4:34:44trade is good to buy or if the trade is
4:34:46good to sell. So, for us to do a top
4:34:50analysis, it's very simple, right? You
4:34:52have a weekly move that's going to be
4:34:54like this. So this box over here that
4:34:56we're going to be having at our left
4:34:57section, this is going to be the weekly.
4:35:00Then inside of this box, we're going to
4:35:03have the daily. And then on this box, we
4:35:05are going to have the 4 hour. And in
4:35:08just a second, I'm going to be breaking
4:35:09down what every single time frame is
4:35:11used for and how you're going to use it.
4:35:14Right? You just learn to determine if
4:35:15something is bullish or bearish. Right
4:35:17now, you can very clearly tell that this
4:35:20weekly time frame is bullish. That's the
4:35:22higher high and that's the higher low.
4:35:24Right? If you were to do the snake trick
4:35:26once again, this is the head of the
4:35:27snake. The first turn that is going to
4:35:30be the actual
4:35:32turn of the snake and that's going to be
4:35:34the higher low. So this is what the
4:35:37market looks like on the weekly. Now, if
4:35:39we were to look at this same exact
4:35:41market on the daily, for example, this
4:35:44is exactly how this market would look
4:35:46like. So, I'm literally just copying
4:35:47this exact same structure move, but I'm
4:35:50just basically zooming into this price.
4:35:53So, this is what the weekly higher high
4:35:56would look like on the weekly. This is
4:35:58what the weekly higher low would look
4:36:01like on the weekly. If I were to copy
4:36:03this weekly higher low and place it over
4:36:05here on the daily, this is what it would
4:36:07look like. Or even lower. We're just
4:36:09going to place it literally at the exact
4:36:11same price where it is over here. And
4:36:13this is what the weekly higher high
4:36:15would look like if I were to place the
4:36:17weekly higher high at this daily time
4:36:20frame. Now, this is the weekly higher
4:36:23high. This is the weekly higher low on
4:36:25the daily time frame. But the daily time
4:36:28frame, this is the daily higher high as
4:36:30well. So, if we were just to put here
4:36:33daily higher high and then where is the
4:36:36daily higher low? Well, let's say you
4:36:38don't know because you've just started
4:36:40to learn how to trade, but you do know
4:36:42how to use the snake trick. And this
4:36:43crazy guy in the internet keeps saying
4:36:45that the snake trick is based off of the
4:36:47first turn and that's where the higher
4:36:49low is. So, if this is the head of the
4:36:51snake and we start going backwards, that
4:36:53is the first turn. That indeed right
4:36:56there is going to now be the higher low
4:36:59of this market. All right, this crazy
4:37:02guy in the internet is somehow making
4:37:03sense. So that right there is going to
4:37:05be the higher low. Now this is what the
4:37:09daily higher low looks like on the
4:37:12weekly. And this is what the daily
4:37:14higher high looks like on the weekly. So
4:37:17as you can tell we have the same higher
4:37:19high and then we have a different higher
4:37:21low because there's different structure,
4:37:23right? Pretty easy, pretty
4:37:25self-explanatory. Everything so far
4:37:27should be making sense because we are
4:37:29not breaking down anything new. This is
4:37:31just what it looks like on the weekly
4:37:34and this is what it looks like on the
4:37:36daily. Now, if I were to do the exact
4:37:38same structure move on the 4 hour,
4:37:40obviously the 4our time frame is going
4:37:42to have a lot more structure, a lot more
4:37:45detail that is going to define the
4:37:48weekly and the daily time frame, right?
4:37:50Because keep in mind, every single
4:37:52candle of this is just one week. But two
4:37:55of these candles is going to be 10 of
4:37:58the candles on the daily. And then on
4:38:00the weekly it'll be north of 26 candles.
4:38:04So the lower the time frame we go, the
4:38:08more detail you're going to see
4:38:09everything. It's just going to be broken
4:38:10down into many more candlesticks and
4:38:13many more structure points. It's going
4:38:14to be broken down the same way whether
4:38:16you look at it on the candlestick chart
4:38:18or whether you look at it on the line
4:38:20chart. The market structure is going to
4:38:22change because the price movements
4:38:24change based off of the time frame. So,
4:38:27so far right now we have the weekly time
4:38:29frame and we have the daily time frame.
4:38:31Right? Now, on the 4our time frame,
4:38:33we're also going to identify the higher
4:38:35high and higher low. Right? 4our time
4:38:38frame is bullish. As you can tell, this
4:38:40is the 4hour higher high. And then the
4:38:434hour higher low is going to be at this
4:38:46point right here. Once again, if we do
4:38:48the trusty snake trick, get the head of
4:38:49the snake, turn backwards, that right
4:38:52there is going to be the higher low.
4:38:55Pretty easy, pretty self-explanatory
4:38:58just showing this in a very very very
4:39:00simple format. So we have just done top
4:39:04down analysis on for example EuroUSD.
4:39:09We have understood that this market
4:39:12structure as of right now. This is what
4:39:15the 4hour higher high looks like on the
4:39:174 hour and this is what the 4hour higher
4:39:20low looks like on the daily for example.
4:39:22And this is what the 4hour higher low
4:39:24looks like for example on the weekly. So
4:39:27this is just to give you perspective
4:39:29when you're going to go enter a trade
4:39:31where you are entering the trade. Should
4:39:33you be entering the trade on the 4 hour?
4:39:35Should you be entering the trade on the
4:39:37daily? Should you be entering the trade
4:39:38on the weekly? Now all of that I'm going
4:39:40to be breaking down inside of this
4:39:41video. I just want you guys to
4:39:42understand one thing at a time. The
4:39:45trend is your friend. So now this market
4:39:49right here, yes, the weekly time frame
4:39:52is going to be considered bullish, the
4:39:55daily time frame is going to be
4:39:57considered bullish, and the 4hour time
4:40:00frame is going to be considered bullish.
4:40:02Now, this quote unquote is great because
4:40:05you have all three time frames that are
4:40:07going to be in your favor. So this means
4:40:09that it's a great time to buy. Now,
4:40:11while this is what I'm saying to you
4:40:13guys right now in this specific example,
4:40:16that actually might not be the case. And
4:40:18I'm going to break that down in just a
4:40:20second. But the most important thing
4:40:22that I want you guys to understand right
4:40:24now is going to be top down analysis is
4:40:26to literally determine if something is
4:40:28bullish or bearish from the top down. So
4:40:31all of the time frames that we will be
4:40:33using are going to be these. So we have
4:40:35the weekly,
4:40:37daily, 4 hour, 2 hour, 1 hour, 30
4:40:43minutes and 15 minutes. Now we will be
4:40:48using the weekly, the daily and the 4
4:40:52hour. All of these three time frames,
4:40:54these are going to be used to identify
4:40:58the trend. So these are used to identify
4:41:01trend and area of interest slashsup
4:41:05support or resistance. And we'll get
4:41:09into that in just a second. Don't worry,
4:41:10one thing at a time. But we will be
4:41:12using these higher time frames to
4:41:15identify where is the overall direction
4:41:17of the market going because we want to
4:41:20be trading with that direction. If the
4:41:22majority of the higher time frames are
4:41:24going up, best believe we're just going
4:41:26to keep going up. If the majority of the
4:41:29higher time frames are going down, best
4:41:31believe we're are going to continue that
4:41:33trend to the downside. There's no better
4:41:35option when it comes to buying or
4:41:36selling. They're both equally the same.
4:41:38And then we're going to be using these
4:41:40lower time frames as entry signal
4:41:43confirmations. Now, I'm going to prepare
4:41:45you guys right now for something. The
4:41:48entry signals
4:41:50is going to actually be the most simple
4:41:52thing that I can possibly ever teach
4:41:54you. It's going to be the easiest thing
4:41:56you are ever going to learn. But it will
4:41:58be the last thing. Why? Because when you
4:42:01go enter the trade, that means that you
4:42:03have done your whole entire analysis.
4:42:04That means that you have broken down
4:42:06your strategy. That means that you have
4:42:07done literally everything and you're at
4:42:08the point of entry. There is so many
4:42:11more things that we need to get to the
4:42:12point before the market is even near
4:42:14entering the trade. And just want to
4:42:16prepare you guys mentally for that. That
4:42:18if you try even remotely to skip this
4:42:21video straight to the entry section
4:42:23because you can you're going to be
4:42:25making a very big mistake because just
4:42:27because you have the entry portion of
4:42:29the trade doesn't mean that you
4:42:31understand how to have the whole entire
4:42:33analysis of the trade before entering
4:42:35it. You need to properly know how to
4:42:36enter the trade prior to actually having
4:42:39the entry signal. Where is the trade? Do
4:42:42you have certain confluences? Are you at
4:42:44a proper support and resistance? Do you
4:42:45even know how to place a proper support
4:42:46and resistance? You have added
4:42:48confluences that you can have before
4:42:50your entry signal. There's so many more
4:42:51steps that go down before the entry
4:42:53signal that you skipping all the way to
4:42:55the entry signal portion is actually
4:42:57going to cause you more damage than
4:42:59good. Just wanted to add this as a side
4:43:01note in there because I get it might be
4:43:03a lot of time for you to sit down and
4:43:05watch this video, but I will tell you
4:43:06this. it's going to cost you a lot more
4:43:08time you trying to figure this out and
4:43:10cheat your way through it and try to
4:43:12just skip it when the best way to do it
4:43:14is just learn properly and take your
4:43:15time. Right? So with that being said,
4:43:18entry signal time frames are going to be
4:43:20this. And then the trending time frames
4:43:22for top down analysis are going to be
4:43:24this. So when we do our top down
4:43:26analysis, we are only going to be using
4:43:30the weekly, the daily, and the 4 hour.
4:43:32We don't involve the two hour, the 1
4:43:34hour, the 30 or the 15 minutes until we
4:43:36are not ready to enter the trade. So
4:43:39these time frames right here are
4:43:41completely avoided until we are ready to
4:43:43enter the trade. And we are not ready to
4:43:45enter the trade until quite some time.
4:43:47So for now, we will completely disregard
4:43:50all of these time frames and what an
4:43:52entry signal is. And our only focus for
4:43:55right now is going to be the trend. And
4:43:57for us to identify the trend, we need to
4:43:59do a top down analysis. And that is with
4:44:01these three time frames the weekly, the
4:44:03daily and the 4 hour. Now the way to do
4:44:05top down analysis
4:44:10is to identify the structure
4:44:15on these
4:44:18three time frames
4:44:22to identify
4:44:25trend.
4:44:27So it's very simple. The way for us to
4:44:28do a top deadline analysis is to
4:44:30identify the structure on these three
4:44:32time frames to identify the trend.
4:44:34Exactly what we've done right now.
4:44:37Perfect example is we can go right now
4:44:38to S&P 500 for example. We can go to a
4:44:42different market. For example, let's say
4:44:43we go to
4:44:45AUD JPY, right? For example, right? This
4:44:49is a real market that I'm actually
4:44:51interested in trading. And we're just
4:44:52going to go to a different server. So,
4:44:53we don't have a bunch of stuff in our
4:44:54way. We're going to start off on the
4:44:56weekly time frame. Top.alysis. analysis
4:44:58is meant to literally start from the top
4:45:00down. So remember, we don't want to be
4:45:03looking at the market way too back to
4:45:05the point where we can't even look at
4:45:07the market structure where you can't
4:45:08even see the candlesticks. And remember,
4:45:10you don't want to be super zoomed in to
4:45:12the point where you can only see the
4:45:14last five candlesticks and you can't
4:45:16look much to the left. You want to get a
4:45:18healthy amount. For you to do a proper
4:45:20topdown analysis on the weekly time
4:45:23frame, you should go backwards. Max
4:45:26anywhere from five
4:45:28to six years. Five to six years should
4:45:31be the max. You go backwards to identify
4:45:35structure. If something is bullish or
4:45:36bearish five, six years back to identify
4:45:42the market structure. Now, I know this
4:45:45might seem like a lot. You're like,
4:45:46Alex, that's a long time. That's a lot
4:45:48of market structure, but you really only
4:45:50need to do this one time. And you only
4:45:52need to do this one time because once
4:45:54you understand where the market is and
4:45:57where it's bullish or bearish from, you
4:45:59really don't ever have to go back. So
4:46:01like let's say right now we go back
4:46:03five, six years and that's the max,
4:46:04right? Because we don't really have to
4:46:06go all the way to this point right here
4:46:07because we can very clearly tell this
4:46:10has shifted to the upside and then we've
4:46:11gone bullish or bearish. But let's say
4:46:13if we were to go through all of this
4:46:15market structure right now, it would
4:46:16probably take us 10 minutes, 15 minutes,
4:46:18and then we end off with this market
4:46:20being bullish or bearish to wherever,
4:46:21right? Just for a random example, let's
4:46:23just call this the higher high. Let's
4:46:25just call this the higher low, whatever.
4:46:28Once this market breaks this structure
4:46:30point, we don't have to go back five
4:46:32years again to determine if this market
4:46:34is indeed bullish or bearish. No, we
4:46:37just know if it breaks this structure
4:46:39point, this market will then be bullish.
4:46:41that will be the higher high and then
4:46:42the higher low will be somewhere here
4:46:44and then we don't ever have to go back
4:46:45and do it again. And that's why I trade
4:46:48or quote unquote trade. I analyze all of
4:46:51these different markets simply because I
4:46:53just know where they are every single
4:46:55time because I already did the work. I
4:46:57already analyze the markets and I
4:46:58already know where they are. Like I
4:47:00already did all that work and all that
4:47:02work is really not a lot of work. Just
4:47:04kind of preparing for you guys for that.
4:47:07And then on the 4 hour,
4:47:09the max we could go back is going to be
4:47:12anywhere from six to 12 months
4:47:16back to identify the market structure.
4:47:19So make sure you guys write this down.
4:47:20You guys don't need to go further than
4:47:22this to determine if something is
4:47:24bullish or if something is bearish. So
4:47:26if we can just go over to the line chart
4:47:28for us to have a very clear indication
4:47:30to determine if this is bullish or
4:47:32bearish. All we can see here is that
4:47:34this market at one point started from
4:47:36this high point. This was a higher low.
4:47:38Now we can just start off from this
4:47:40point. It'll be very easy for us to
4:47:41determine this. So if you are confused
4:47:43and you are a beginner and you can't do
4:47:45it off of the candlesticks just yet,
4:47:48don't worry. You can just go ahead and
4:47:49use your trusty line chart and that'll
4:47:51be your cheat sheet. That'll be your
4:47:52hack. But if I were to be using the
4:47:54candlesticks, I can tell that this is
4:47:56the higher high off of that body right
4:47:58there. And then I can tell that this is
4:47:59the higher low based off of that body
4:48:01right there. We switch over back to the
4:48:03line chart and look at that perfect
4:48:05accuracy right to the structure point.
4:48:07So we know that this is the higher high.
4:48:09Excuse me. This is the higher low on the
4:48:12weekly.
4:48:14And then we understand that this is the
4:48:16daily higher high. Cool. We know as long
4:48:19as we remain inside of here, we are
4:48:21bullish. When we break below, we are
4:48:23bearish. Look at that. We go out to the
4:48:25daily time frame and what do we have? a
4:48:27daily body candlestick closure below.
4:48:30Now what does that mean? That means that
4:48:31now this if it has confirmed closed
4:48:34below and as of right now it hasn't
4:48:36closed. Let's see if this candlestick
4:48:38has closed. Now it has officially
4:48:41confirmed close below. This is the
4:48:44weekly lower low. Cool. This is the
4:48:47weekly lower low. And then our weekly
4:48:50lower high goes to which point? Well, if
4:48:53this is the head of the snake, we start
4:48:54going backwards. This is the first turn.
4:48:57That right there is indeed going to be
4:49:00the actual lower high. So this point
4:49:04over here is now going to be turned into
4:49:05the daily, excuse me, the weekly lower
4:49:09high. Human error weekly
4:49:12lower high. Cool. We know as long as we
4:49:15are inside of the structure, this is
4:49:17still the continuation cells. The
4:49:19candlestick hasn't closed. Would you
4:49:21look at that? Still hasn't still pushing
4:49:23down. We keep we do the snake trick once
4:49:25again. There's still no stopping point.
4:49:27So, this move hasn't hasn't stopped just
4:49:30yet. Cool. Looks like it's going to be
4:49:32stopping somewhere around here. And that
4:49:34looks like exactly where it's going to
4:49:36stop. Let me confirm based off of the
4:49:38line chart. Beautiful. It stopped at
4:49:40that point right there. Beautiful
4:49:42perfection execution. We continue
4:49:44following this market structure. As long
4:49:46as we are in between this lower high and
4:49:48lower low, we are still bearish. Would
4:49:52you look at that? We body candlestick
4:49:54closed below. That makes this the new
4:49:57lower low. We do the snake trick. This
4:49:59right here becomes the lower high. You
4:50:01need some clarity, just hop back on over
4:50:03the line chart and take a look at it.
4:50:05Lower low, lower high. As long as we
4:50:07don't body candlestick close above this,
4:50:09we are still bearish. And would you look
4:50:11at that? We did indeed body candlestick
4:50:14close above this becomes the higher
4:50:16high. So this is now weekly higher high.
4:50:20And then this becomes the weekly higher
4:50:23low. And we basically do this all the
4:50:26way up until the point where we
4:50:27understand where the market is right
4:50:29now. This is extremely healthy for your
4:50:31vision when it comes to seeing the
4:50:33market patterns and determining if
4:50:35something is bullish or bearish. As you
4:50:36can tell here, it has struggled
4:50:38extremely hard to break above that
4:50:40structure point. And this is showing the
4:50:42power of these higher high and these
4:50:45structure points. Look how strong that
4:50:47line was that it for nearly six weeks. 1
4:50:512 3 4 5 nearly seven weeks it did not
4:50:53manage to break above. It made it all
4:50:55the way to this close and it never body
4:50:57closed. Now it did body close below. So
4:51:00this becomes a new lower low. Then this
4:51:02over here becomes the lower high. So we
4:51:04are now bearish. Then this becomes the
4:51:06lower low. Then this becomes the lower
4:51:09high. We are now bearish inside of this
4:51:11move. Once we body close above, we then
4:51:13go bullish. We wicked out. Never
4:51:16actually were able to body candlestick
4:51:19close above and uh we are about to do it
4:51:22very soon. Now we have officially closed
4:51:25above. That is the higher high. This is
4:51:27the higher low. We're just following a
4:51:29live right now just so we can not waste
4:51:31too much time on these examples, but
4:51:33everything is pretty obvious on where it
4:51:35is. So we're just continuing from this
4:51:38lower high, this lower low, then this
4:51:40becomes the higher high. And then this
4:51:43structure point right here becomes the
4:51:46higher low. So we could go out to the
4:51:48weekly time frame just to confirm,
4:51:50excuse me, we go out to the line line
4:51:52chart just to confirm. And look at that.
4:51:54That is the weekly higher high. That is
4:51:57the weekly higher low. So right now all
4:51:58we are doing is top down analysis to
4:52:00determine if this is bullish or bearish.
4:52:02And the weekly is bullish. This is the
4:52:04higher high and this is the higher low.
4:52:06I am not making this up. This is not
4:52:08part of my strategy just yet. At this
4:52:11point right now, I am just exe I'm just
4:52:13educating you on how to read the market.
4:52:15Next, we go down to the daily time
4:52:17frame. We would pretty much do the exact
4:52:19same thing. We could start off from
4:52:21whichever point, but we can start off
4:52:22from right here. And it would be very
4:52:25obvious if we would just hop over to the
4:52:27line chart that this market at one point
4:52:30was creating these higher highs and
4:52:32higher lows. And we can pretty much just
4:52:33pick it up from like right around here.
4:52:37This right here would be the lower high.
4:52:40This right here would be the lower low,
4:52:42lower high. We body candlestick close
4:52:45above. Then this would be the higher
4:52:46high. I would leave that as a higher
4:52:49low. Let me go to the candlestick to
4:52:51confirm. Yes, because if this was the
4:52:53lower high at one point, correct? This
4:52:55was the lower high. This was the lower
4:52:58low. I wouldn't really count that as a
4:53:00structure point simply because it's not
4:53:01as strong or as significant.
4:53:04Once this move has actually closed above
4:53:07and we created this new higher high
4:53:09prior to this candle, if I'm looking
4:53:11down, I don't see any clean elbows. I
4:53:14don't see any clean structure points. I
4:53:16don't it's just it just looks like one
4:53:17clean continuation up. The head of the
4:53:20snake can very clearly just move on
4:53:22right through there. It's not like a
4:53:24move like this. If this were to be the
4:53:25head of the snake, it would actually
4:53:26have to like go and make that turn. I
4:53:29don't see any significant turns at that
4:53:31point right there. Meaning that then I
4:53:34would include
4:53:36for this to be the higher low. Obviously
4:53:39this candlestick now closes above this
4:53:41becomes the higher high. This becomes
4:53:44the higher low and then I would count
4:53:46this as the higher high. I would not
4:53:49count that as the higher low. But let's
4:53:50see what it looks like on the line
4:53:52charts. And if we were to look at that
4:53:54on the line chart, it could be
4:53:56considered the higher low. And this is
4:53:58where experience and just being part of
4:54:01just being in front of the markets for
4:54:03hours will lead you to be able to make
4:54:05this analysis. I personally would not
4:54:08count that as the higher low. Even
4:54:10though on the line chart it does look
4:54:12like the higher low. If you were to look
4:54:13at it on the daily candlestick, if you
4:54:16were to ask me, the head of the snake
4:54:18would just simply come right on through
4:54:20there and not do a significant turn. It
4:54:23can easily just slide right on through
4:54:24there. this market structure is far more
4:54:27significant and I could actually doing
4:54:29see it doing a turn before continuating
4:54:31to the upside. Now, I know in the past
4:54:33for my advanced students, if any of you
4:54:35guys are in here, I know a lot of you
4:54:37guys sometimes say, "Yep, that's exactly
4:54:38what I learned inside of my strategy
4:54:41because a one candlestick pullback, I'm
4:54:44not saying it's not significant enough,
4:54:46but it it would need to be a lot cleaner
4:54:49in order for me to actually consider it
4:54:50as a structured pullback." And this one
4:54:53candlestick right here to me is simply
4:54:55not strong enough. There's other
4:54:57different examples of a one candlestick
4:54:59pullback that could look far more
4:55:02interesting and far more respectful. It
4:55:04looks a lot more like structure point
4:55:06compared to that candle. Even if
4:55:07something as small as this, as you can
4:55:09tell, this right here actually had an
4:55:11engulfing candlestick and then it had
4:55:13the push up. I would personally count
4:55:15this as a pullback compared to the other
4:55:17one just because this has more of a body
4:55:19to it. It has more of a statement to it.
4:55:21This right here shows me some type of
4:55:23elbow. And if we were to look at it on
4:55:25the line chart, it looks exactly the
4:55:27same as the market structure that we're
4:55:28running into right now. But this looks a
4:55:31lot more respected. This right here
4:55:33looks pretty soft in my opinion. And I
4:55:36want personally I want to risk my money
4:55:37on something that I feel comfortable
4:55:39with and something that is respected.
4:55:40And to me, I don't see the market
4:55:42respecting that structure point right
4:55:44there. Right. So daily time frame, we
4:55:47are also indeed bullish. So this is the
4:55:50daily higher high. This is the daily
4:55:51higher low, weekly higher high, weekly
4:55:54higher low. Cool. Pretty easy, pretty
4:55:56self-explanatory. Now, I want you guys
4:55:58to go ahead and pause this video and
4:56:01tell me whether this 4hour time frame is
4:56:04bullish or if this 4hour time frame is
4:56:07bearish. Go ahead, pause this video. I'm
4:56:09going to give you guys 5 seconds to
4:56:10determine if this is bullish or if this
4:56:13is bearish just based off of the line
4:56:16chart. Go ahead. If you make a mistake,
4:56:17it's okay. Don't worry. It's very
4:56:19tricky. But go ahead.
4:56:24All right, you guys came back. So the
4:56:274hour time frame, if we were to follow
4:56:29just the structure point, obviously this
4:56:31would be a higher low. This would be a
4:56:33higher high. Arguably, this can be a
4:56:35higher low. And then this could be a
4:56:36higher high up here. But let's see what
4:56:38it looks like on the actual candlestick
4:56:40chart. Well, if you notice on the
4:56:42candlestick chart, the body line has
4:56:45officially closed above that structure
4:56:47point right there. And I would consider
4:56:50this to be the higher high. I would have
4:56:52actually never considered this to be the
4:56:54higher low for the exact same example
4:56:56that we just did on the daily time
4:56:58frame. I would have actually considered
4:56:59this the higher low. But the point is
4:57:02that it doesn't even matter because this
4:57:04structure actually closed above making
4:57:06that the higher high and then making
4:57:09this right here the higher low. If that
4:57:12was the higher low, that was the higher
4:57:14high. The market shifted it making this
4:57:17now bearish. So then this became the
4:57:20lower low. Then if we that becomes the
4:57:22lower low. We do the head of the snake.
4:57:25We start working backwards. That's the
4:57:26first turn. That is then going to be the
4:57:304hour lower high. And then if this is
4:57:33the 4hour lower low, let me just erase
4:57:36this right here. If this then becomes a
4:57:384-hour lower low, we then do the head of
4:57:40the snake. This is then going to be the
4:57:43lower high. That right there is why this
4:57:464hour time frame is indeed bearish. So
4:57:51this time frame is actually bearish. Let
4:57:53me just put that right back up there.
4:57:55There should be a right there. So this
4:57:58is the 4hour lower low and then this is
4:58:00the 4our lower high.
4:58:034 hour
4:58:06lower high.
4:58:084our
4:58:10lower low. So, if you said that this was
4:58:13bearish, I want to make sure that you
4:58:14understand why this is bearish. If you
4:58:16were say that it's bullish, I want you
4:58:17to understand why you weren't correct
4:58:19that it was bullish. You should have
4:58:21obviously very easily seen that this
4:58:23broke above this structure point and
4:58:24that was the higher high. And if that's
4:58:26the higher high, that's very clearly the
4:58:28higher low. We broke below, lower low,
4:58:31lower high, lower low. So, the 4hour
4:58:34time frame is indeed bearish. Now, at
4:58:37this point of us analyzing this market,
4:58:40this is pretty much what it looks like.
4:58:42This is our top down analysis at this
4:58:45point right now. So, if we were to look
4:58:47at everything on the daily time frame,
4:58:48which is probably my best my my I I say
4:58:52it's my favorite time frame just because
4:58:53you can kind of see everything without
4:58:54it being either too far or too close in.
4:58:57You can very clearly see here where the
4:59:00weekly higher low and weekly higher high
4:59:02is. You can see where the daily higher
4:59:04high and the daily higher low is. And
4:59:06then you can see where the 4hour lower
4:59:08high and the 4our lower low is. Now this
4:59:12top down analysis looks pretty empty in
4:59:15my opinion. Right? You might be looking
4:59:16at all these lines and you might be
4:59:17like, "Okay, Alex, cool. I understand
4:59:20that the daily is bullish because of
4:59:21this and I understand that the weekly is
4:59:23bullish because of this." Now, what do I
4:59:26do with that information? Well, that
4:59:28information is actually extremely
4:59:30powerful because you understanding that
4:59:33you have two time frames in sync is the
4:59:36most powerful thing that you can
4:59:37possibly do. Now, you might be saying,
4:59:39"Wait, what the Alex say? Two time
4:59:40frames in sync?" Yes, you need two
4:59:43consecutive
4:59:45time frames
4:59:48in sync
4:59:50in order to be interested
4:59:54in a trade. Now,
4:59:57these two time frames could pretty much
4:59:59consist of two different formats. You
5:00:01either have the weekly and the daily
5:00:06or you have the daily
5:00:09and the 4 hour.
5:00:12You either have both of these that are
5:00:14bullish or you have both of these that
5:00:16are bullish or both of these that are
5:00:18bearish or both of these that are
5:00:19bearish. If you were to have let's say
5:00:22for example the weekly time frame that
5:00:24is going to be let's say bullish and
5:00:27then you have the daily time frame that
5:00:29is going to be bearish and then you have
5:00:32the 4hour time frame that is going to be
5:00:35bullish that is not two consecutive time
5:00:38frames in sync. You need to at least a
5:00:41minimum have two time frames in sync
5:00:44weekly and then daily or 4hour and then
5:00:49daily. So you need to pick which ones
5:00:51you're going to trade together because
5:00:53that right there is what's going to let
5:00:55you know that you are trading with the
5:00:57trend. Now at this very moment you have
5:01:00the weekly and the daily in your favor.
5:01:03Meaning that you have the highest
5:01:04possible time frames in your direction.
5:01:07So it makes the most logical sense to
5:01:09buy. Now I'm not saying that it's a good
5:01:11time to buy right now. I'm just saying
5:01:14that critique right there that we have
5:01:16just done will remove 50% of the markets
5:01:19out of our watch list every single week
5:01:21because sometimes some markets just
5:01:23aren't consecutively having two time
5:01:26frames in sync. They aren't trending
5:01:28together. They are, you know, one could
5:01:30be bullish, the other can be bearish,
5:01:31the other can just be the other. It just
5:01:33doesn't even matter. They're not in
5:01:35sync. What you want to do is you want to
5:01:37create the base first by having two
5:01:39consecutive time frames in sync for you
5:01:41to be interested in the trade. For you
5:01:43to be like, "Okay, cool. I have the
5:01:45trend in my favor with two time frames.
5:01:48All I have to do is either one, take the
5:01:51risk by not waiting for the third or
5:01:54wait for the third to go bullish and
5:01:56then I trade with that time frame as
5:01:57well." Now, at that point, all the stars
5:02:00are aligning and it's literally telling
5:02:01you to just continue buying. It makes
5:02:03everything extremely easy and it is not
5:02:06a high-risisk trade. Now, I get it
5:02:08earlier. You might have seen me sell
5:02:09this AUD JPY trade and I'll explain all
5:02:12of that later into the future of this
5:02:13video. That was a very high-risisk trade
5:02:15that I was taking and that's why I also
5:02:16took a very high risk trade on USDCHF
5:02:19and I lost. But that's just me trading,
5:02:21breaking the rules, and making mistakes
5:02:22right now. But I'm going to explain to
5:02:24you guys how to do things the right way
5:02:26first. Before you learn how to become a
5:02:29drifter or do a burnout in a car or even
5:02:32switch lanes and and race, you first
5:02:34need to understand how to drive a car,
5:02:36how to properly drive in the roads, and
5:02:38how a car even works. You can't think or
5:02:41compare yourself to somebody that is a
5:02:42professional street racer when you don't
5:02:44even know what a transmission is, right?
5:02:46So everything is baby steps, one step at
5:02:48a time. So for top down analysis, the
5:02:51main main main main main main main thing
5:02:53is to just determine where the market
5:02:55is. And right here you have pretty much
5:02:58cornered the market, right? You have
5:03:00locked the market in to essentially this
5:03:03spot right here where it is right now.
5:03:05So the market is very very very
5:03:08big, right? And it could be very
5:03:10intimidating when you look at it like
5:03:12this because you see so much happening
5:03:14to the left, so much happening up here,
5:03:16so much happening down here. But what if
5:03:18I told you that you no longer have to
5:03:21look at any of this stuff? This is all
5:03:23completely irrelevant. All you have to
5:03:25focus on and look at is right here. This
5:03:28is all you really have to look at
5:03:29because this is your zone of where
5:03:32you're trading in. You're trading within
5:03:34the higher high and higher low. Traders
5:03:37make a mistake and they're like, "Okay,
5:03:39yeah, this market right here, sure it's
5:03:41bullish, but then I'm going to make this
5:03:43level down here. here. I'm going to make
5:03:45this my support level, and then I'm
5:03:47going to make this my support level, and
5:03:49then I'm going to make this my
5:03:50resistance level. It's like, all right,
5:03:53uh Jeff, you understand that if the
5:03:56market comes back into this support
5:03:58level that you're claiming that it
5:04:00should come back to, you understand that
5:04:02the market is no longer going to be
5:04:04bullish at that zone, right? You
5:04:06understand that, right? You understand
5:04:07that if the market makes it to this
5:04:09support level that you claim the market
5:04:11should have a reaction from, the market
5:04:13will then be bearish because it's
5:04:15breaking below the higher low, that is
5:04:17going to be then the lower low. And then
5:04:19if that is bearish, then there's an
5:04:21extremely high chance that the daily
5:04:24time frame is also going to be bearish
5:04:26and so is the 4 hour. So at that point,
5:04:28does it even make sense to buy?
5:04:31Absolutely not. It's going to make more
5:04:32sense to then sell. So that is the
5:04:35beauty of the way that I trade. I
5:04:37eliminate all of the noise from the
5:04:39markets and all of the stuff to the left
5:04:41that can just cause confusion. And I
5:04:42basically let you dial in and focus on
5:04:45just a very specific part in the chart.
5:04:48And that's all you really have to do.
5:04:49You really only have to focus yourself
5:04:51inside of this zone right here. And I'm
5:04:53going to educate you now how to focus on
5:04:55this exact zone. Same exact thing goes
5:04:57for the daily. Traders would come here
5:04:59to the to the daily time frame, excuse
5:05:01me, and then they would place this as a
5:05:03support level.
5:05:05places as a support level like yeah once
5:05:07it gets here I'll then buy it and then
5:05:09yeah and then I'll I'll I'll sell it
5:05:11here. It's like bro you understand if
5:05:12like it comes down here the daily will
5:05:14be bearish and so will the weekly. Why
5:05:16would you even buy at that point and no
5:05:18longer make sense? So this top down
5:05:20analysis not only does it let you
5:05:22understand where the time frames are and
5:05:25where the market is but it also lets you
5:05:28focus on a specific zone in the chart.
5:05:30We only need to look within this higher
5:05:32highs and these higher lows. We don't
5:05:34care what happened down here. We don't
5:05:36care what happened up here. That is
5:05:38completely irrelevant to what we have
5:05:40going on right now. This is where we are
5:05:42focusing on the charts right now. So top
5:05:45down analysis and the way that it works
5:05:47is all based off of market structure.
5:05:50Market structure will lead us to
5:05:52understand if something is bullish or if
5:05:54something is bearish. Now, we're going
5:05:56to be using the line chart back and
5:05:58forth to determine that these structure
5:06:00points are actually valid and valuable.
5:06:03Now obviously we don't want to be
5:06:05looking at the 4our structure where
5:06:07we're in the daily just doesn't really
5:06:09make sense. So you can either do one
5:06:11thing you can you know double click this
5:06:13line can click visibility and then it
5:06:16just won't be available on the daily and
5:06:18then you can click the 4 hour here click
5:06:20on visibility and it won't be available
5:06:22on the daily. Now here you can focus on
5:06:24the higher time frame stuff. When you go
5:06:26down to the 4 hour there, you're going
5:06:28to get access to the 4our higher low,
5:06:31lower high and lower low. Just a little
5:06:33bit of a of a tricky secret trick that I
5:06:36have sometimes when there's too many
5:06:38things in front of the charts and I want
5:06:39to clear things up, right? So, top down
5:06:42analysis is done. Just going to write
5:06:44this down. Top down analysis
5:06:47is to determine if something is bullish
5:06:52or bearish based off the trend time
5:06:57frames.
5:06:58Once we determine that something is
5:07:02bullish or bearish,
5:07:05we will then place the higher high,
5:07:08higher low, lower high, and lower low on
5:07:12the weekly, daily, and 4our to trap
5:07:17price. So, this right here is the
5:07:19stepby-step way. Do the top down
5:07:21analysis to determine if something is
5:07:23bullish or bearish based off of the
5:07:24trend time frames. So we know that the
5:07:26weekly, the daily, the 4 hour are the 10
5:07:28the trend time frames. Once you
5:07:30determine that something is bullish or
5:07:31bearish, we place the higher high,
5:07:33higher low, lower high, lower low,
5:07:34whatever the case is on these three time
5:07:36frames to trap price. Now that you have
5:07:39determined that you these time frames
5:07:41are like this, then you're going to go
5:07:43to the next step. After you have done
5:07:45your proper top analysis, next comes
5:07:49area of interest slashs support and
5:07:54resistance. slash not residence
5:07:57resistance
5:07:59slash supply and demand slashorder
5:08:03block. All of this stuff right here is
5:08:06the exact same thing. Area of interest
5:08:09is a support and resistance. It's a
5:08:11supply and demand zone and it's an order
5:08:13block. So once you've done your top
5:08:15analysis, which is what we've done right
5:08:17now, next we move into support and
5:08:20resistance and all of this stuff. So
5:08:21let's get into that right now. Now,
5:08:24before I I I show you how to do this on
5:08:26the chart, I first need to tell you what
5:08:28this is right here. What is support and
5:08:30resistance? What is supply and demand
5:08:32zone? What is an order block? What is a
5:08:35all of this, right?
5:08:37Very simple. Now, the market as as we
5:08:40have already said in the past, it moves
5:08:42based off of trend and structure points.
5:08:46Now all of these structure points right
5:08:48here leave a history or leave a trail in
5:08:52the market and this trail in the market
5:08:55tends to get respected time and time and
5:08:59time again when we cross through these
5:09:01areas. So a level of support or a level
5:09:04of supply and demand is just simply an
5:09:06area that the market has not only
5:09:09reacted to it once but it could
5:09:10potentially react to it again. So all of
5:09:13these elbow points, all of these
5:09:15structure points, they're leaving a
5:09:16story, right? They're leaving something
5:09:18in the past. And this in the past can
5:09:20potentially repeat itself again. So all
5:09:23of these structure points say a story.
5:09:26Now, what if I told you that whenever
5:09:28we're below it and it's done it in the
5:09:31past, it could potentially do it again.
5:09:34So if we just start off from this left
5:09:36point right over here, and we get a
5:09:37little little box, we get a little
5:09:39trusty zone. we start going to the left.
5:09:41As you can tell, when we are below, we
5:09:44are also indeed rejecting it. And what a
5:09:47coincidence that when we are above that
5:09:48zone, we are also rejecting it. All
5:09:51right, cool. Now price has broken below
5:09:54this area. It came back and retested it.
5:09:56What a coincidence that we also rejected
5:09:59when we're below. Cool. Now, what a
5:10:03coincidence. When we are above, we also
5:10:06came and retested it. Wow. What a
5:10:08coincidence. Exactly how we've done in
5:10:09the past. Exactly how we've done in the
5:10:11past right here as well. Okay, cool.
5:10:14Keep going to the left and just for
5:10:16examples purposes, we're going to modify
5:10:17this this right here. Wow, what a
5:10:20coincidence. Whenever we are below, we
5:10:22are also rejecting it. So this right
5:10:25here where you are seeing this blue box,
5:10:28this right here is a supply and demand
5:10:32zone. This right here is a support and
5:10:36this right here is a resistance. This
5:10:38right here is an order block. This right
5:10:41here is an area of interest.
5:10:44It is all the same [ __ ] Supply and
5:10:48demand zone, support and resistance,
5:10:50order blocks, all of this is literally
5:10:54the same [ __ ] People have complicated
5:10:57this over the last couple of years. I
5:10:59don't know why, but it's all the same
5:11:01thing. It's an area of interest. It's an
5:11:04area where the trade where once the
5:11:07market gets there, it's an area that you
5:11:09are interested in because the market has
5:11:12a reaction from it. Whenever we are
5:11:14above, we use it as support. Whenever we
5:11:18are below, we use it as resistance.
5:11:21Support and resistance is extremely
5:11:23simple.
5:11:25Support is literally exactly what it
5:11:28says. It is support. It is when price is
5:11:31being held up from something. Right now,
5:11:34if I were to push up from this table, I
5:11:38am using this table as support to then
5:11:41lift myself up. This right here is a
5:11:44support area. Price is using this area
5:11:47as a support area to lift itself up.
5:11:51That is my support to then stand up from
5:11:54this desk if I want to stand up. But
5:11:56let's say I'm a [ __ ] giant and let's
5:11:58say I'm 10 feet tall. As soon as I stand
5:12:01up from this table, I hit the top of
5:12:04this screen right here that's going on.
5:12:06Or if anything, I can also do it like
5:12:08this, right? As soon as I stand up from
5:12:10the table and I use this as the support,
5:12:13I come up and then boom, I hit this top
5:12:16of the screen. This is the resistance
5:12:18level. This is what's going to then push
5:12:20me back down. And then I'm going to try
5:12:21and push off of support again. And then
5:12:23I hit resistance, which is going to be
5:12:25the ceiling of the screen. And then I
5:12:27hit support. And then the top of the
5:12:29screen is resistance. And then the
5:12:30battle goes on. Right now, can this
5:12:34resistance be used as support? And can
5:12:37this support right here be used as
5:12:40resistance? Absolutely. Right now, since
5:12:42I am above the support level, I am
5:12:46pushing price. I'm pushing myself up.
5:12:48But if I were to get out of the way and
5:12:50I were to get under my desk, I can use
5:12:53this same uh uh no desk to push myself
5:12:58down. So, I'm using the same support
5:13:01area as then resistance to pull myself
5:13:04down. Now, if I can somehow figure out a
5:13:07way to get on top of this screen right
5:13:09here and then I use myself as support, I
5:13:13can then make this resistance level a
5:13:16support level where then I'm going to
5:13:17grab myself and then bring myself up.
5:13:20That is exactly how price works. This
5:13:23right here is the support level.
5:13:24Whenever price is above it, it's using
5:13:27it as support. Whenever price is at a
5:13:30resistance, it's using it as resistance.
5:13:32Can the resistance be turned into
5:13:34support? Absolutely. We just have to
5:13:38break it and then retest it. Can the
5:13:41support, excuse me, can the supports be
5:13:43used as resistance? Absolutely. We just
5:13:47have to break it and then retest it.
5:13:49That is it. Support and resistance can
5:13:52both be used with each other. And they
5:13:55could be used against each other. They
5:13:56could be best friends. They need each
5:13:59other to actually validate themselves.
5:14:01If something is a very strong resistance
5:14:04level, it could be a very strong support
5:14:06level. If something is a very strong
5:14:08support level, it could be very much a
5:14:11very strong resistance level. They both
5:14:13go with one another. If this is very
5:14:15well respected when you're below it,
5:14:18when price is above it, it should also
5:14:20be very, very well respected. If this is
5:14:22very well respected when above it, when
5:14:25below it, it should also be very well
5:14:27respected when below it. Now, this right
5:14:30here is just basic support and
5:14:32resistance. And that is what an area of
5:14:35interest is built off of, right? So, as
5:14:39you can tell right here, price used it
5:14:42as resistance at this point. It used it
5:14:45as support at this point, at resistance
5:14:48at this point, at support at this point,
5:14:50and at resistance at this point. This
5:14:53right here is a perfect example once
5:14:56again of an area of interest of a
5:14:58support and resistance of a supply and
5:15:01demand zone and an order block. It is
5:15:03all the same [ __ ] It is an area of
5:15:07interest where whenever price approaches
5:15:10this area, it has a reaction. Now, an
5:15:13area of interest is only valid
5:15:18is only valid once we have a minimum
5:15:24of three touches.
5:15:28A minimum of three touches. Now, these
5:15:30three touches, this right here is a
5:15:33touch of the area of interest. This
5:15:35right here is a touch of the area of
5:15:37interest. This right here is a touch of
5:15:39the area of interest. a minimum of three
5:15:42touches. It could be three resistance
5:15:44touches. So, for example, let's say we
5:15:47don't have this right here. And let's
5:15:49say we don't have this right here. We
5:15:51move this up. This right here is a valid
5:15:55area of interest. We have one rejection
5:15:58as resistance, two rejections as
5:16:00resistance, and three rejections as
5:16:03resistance. That right there is a valid
5:16:06area of interest. Yes. Now, what if we
5:16:09don't have this second touch as
5:16:11resistance and we have this touch as
5:16:14support? Well, this support right here
5:16:17is a third touch. So, we have one
5:16:20resistance, one support, and one
5:16:23resistance. That is another valid area
5:16:25of interest. Well, what if we don't have
5:16:27any resistance and then it's all
5:16:30support?
5:16:31That is also a valid area of interest.
5:16:34As long as we have a minimum of three
5:16:38touches, it is a valid area of interest.
5:16:41Area of interest is good for buys and
5:16:45sells.
5:16:48Is good for buys and sells. If you're
5:16:52interested in buying and it only has
5:16:55support, that's great. If you're
5:16:57interested in buying and it only has
5:17:00resistance to validate the area of
5:17:02interest, that is great. It is all the
5:17:04same thing. As long as you have a
5:17:07minimum of three touches, this is now
5:17:10going to be a valid area of interest. If
5:17:12you're looking to buy and you only have
5:17:14resistance, that is also a valid support
5:17:17level. So, obviously, the more touches
5:17:21you have, the better. Obviously, if you
5:17:23have something that has been rejected 15
5:17:26times, I would much rather be interested
5:17:28in something that has been retested it
5:17:3215 times rather than something to three.
5:17:34Now, the area of interest,
5:17:38the more touches,
5:17:40the better
5:17:42because it means that it has been
5:17:43respected more in the past. Anything
5:17:46less than three touches, it is no longer
5:17:49a valid area of interest. It is not a
5:17:51valid supply and demand zone. It is not
5:17:53a valid order block. Could it be a
5:17:56support level? Sure. Could it be a
5:17:58resistance level? Sure. But it is not a
5:18:02valid area of interest. An area of
5:18:04interest is needed to enter a trade.
5:18:11To enter a trade, you cannot enter a
5:18:15trade if not at the area of interest.
5:18:19Now, if you not if you don't understand
5:18:21this right now, don't worry. All of this
5:18:23will make sense in just a second. You
5:18:25know, I don't expect you to get this
5:18:26right off the bat. Like, I I've just
5:18:28taught you what different trading
5:18:30concepts are. On top of that, I just
5:18:32showed you everything when it comes to
5:18:33the candlestick charts. And now I'm
5:18:35showing you area of interest. Like, this
5:18:36to me,
5:18:38this to me is crazy. Like, this took me
5:18:40so long to understand. Like, this was
5:18:41literally some [ __ ] where it took me
5:18:44forever just to get this right here.
5:18:45It's just crazy. So area of interest is
5:18:49needed in order for you to actually
5:18:51enter the trade. You cannot enter a
5:18:53trade if you're not at an area of
5:18:55interest. So this right here is a valid
5:18:59area of interest. Let me ask you a
5:19:01question. Is this right here a valid
5:19:03area of interest? Yes or no?
5:19:07No. This right here simply only has one
5:19:11touch. So this right here is not a valid
5:19:14area of interest. Making this
5:19:17not a valid area of interest. Cool. We
5:19:19move on. What about this right here? Is
5:19:22this, you know, we just do this for
5:19:23examples purposes. Is this a valid area
5:19:26of interest? Yes or no? Well, we have
5:19:29one,
5:19:31we have two,
5:19:33and then we have three. Yes, this is a
5:19:37valid area of interest. All right, cool.
5:19:40Let's keep going.
5:19:42Right? We're just finding something that
5:19:44has three touches and we're going to
5:19:46count it as our area of interest. But
5:19:47this is not how we find our area of
5:19:48interest. Is this right here a valid
5:19:50area of interest? We have one
5:19:53and none. Nothing to the left. So no,
5:19:56not a valid area of interest. We keep
5:19:58coming down. Boom. We run into this
5:20:00zone. What do we have here? We have one.
5:20:05We have two. And then we have three and
5:20:10four. Is this a valid area of interest?
5:20:13[ __ ] yeah. It is very clean and obvious
5:20:15that it has respected this area. Now
5:20:18once again, what am I showing you based
5:20:21this area of interest off of? I'm
5:20:23showing you this off of structure. These
5:20:26are the elbows. The elbows are based off
5:20:29of the bodies of the candlesticks. At no
5:20:31point are we including wicks here. Like
5:20:34if I were to be doing this on the actual
5:20:35line chart, for example, if we were just
5:20:37to go here to the line chart, I'm doing
5:20:39this area of interest to the elbows. If
5:20:42you notice this right here, we have one,
5:20:44two, three, four, five. I'm taking these
5:20:47elbows into consideration. At no point
5:20:50am I doing this area of interest to the
5:20:52wicks or am I making the box big enough
5:20:56to include the wicks. No, I'm doing this
5:20:58to the structure points to the elbows.
5:21:01Now, how big should the box be? How do
5:21:03you do all that? Don't worry, I'm going
5:21:04to get into all that in just a second. I
5:21:06just wanted to really explain that and
5:21:09make that very clear. We're obviously
5:21:11doing it to the structure points. So,
5:21:12you continue to do it on the structure
5:21:15points, right? Let's just continue going
5:21:17down. Let's find something that has a
5:21:18minimum of three touches. Boom. We run
5:21:21into this price right here. What do we
5:21:23have? Can we arguably have three points
5:21:26here? Sure. You know, just for argument
5:21:28sake, we'll lower this in a little bit.
5:21:31one, two, and three. That is also an
5:21:34area of interest. Oh, that is also an
5:21:37area of interest.
5:21:40So, this right here is also an area of
5:21:43interest. One second. This right here is
5:21:46also an area of interest. And so is this
5:21:48right here, an area of interest. All
5:21:49right, let's just keep going down. Let's
5:21:51find another example. And keep working
5:21:54our way down. And boom. We also have
5:21:56right here one, two, and then three,
5:22:03one, two,
5:22:08and then three. And then we keep going
5:22:11and boom, three. And if we keep moving
5:22:12this to the downside,
5:22:14this right here, boom. Let's just call
5:22:17this one, two, and then three. Right?
5:22:21So, we'll call this one right here as
5:22:22well. One, two, and three, and four,
5:22:25right? Boom. So, right now, at this
5:22:28point, you're probably looking at this
5:22:30market and you're like, "Yo, what the
5:22:31[ __ ]
5:22:33It was right in front of me the whole
5:22:34time, but also this is like so much [ __ ]
5:22:36going on." Well, what if I told you that
5:22:40technically in this market right here,
5:22:43all of these are valid areas of
5:22:44interest. Yes, because they have a
5:22:46minimum of three touches, right? That is
5:22:48the core foundation to have a valid area
5:22:51of interest. Now, what if I told you
5:22:53that there's only one of these areas of
5:22:56interest that are actually applicable,
5:22:59my [ __ ] accent that are actually
5:23:03editor, leave this in there. I have a
5:23:05major accent, guys. So, if sometimes my
5:23:07grammar or my my accent isn't the best,
5:23:11I did not know English until like the
5:23:13other day, right? I'm I'm kidding. I
5:23:15learned it in in school, but Spanish is
5:23:17my first language, right? So there's
5:23:19only one area of interest inside of this
5:23:22chart that is actually applicable
5:23:26applyable whatever that is actually
5:23:28appliable to this market. Only one area
5:23:31of interest is appliable to this market.
5:23:34Now which one do you think it is? Do you
5:23:36think that it's going to be the first
5:23:38one? Do you think that it's going to be
5:23:42the second one? Do you think that it's
5:23:44going to be the third one? the fourth,
5:23:48the fifth, or the sixth. I'm going to go
5:23:51ahead and give you guys a minute to just
5:23:53think about it and determine which one
5:23:56of these areas of interest is actually
5:23:58applicable, applyable
5:24:01to this chart. One of these areas of
5:24:03interest stays. Every other area of
5:24:05interest is completely invalid. So, go
5:24:09ahead, pause this video and I'll give
5:24:11you guys a second to do it.
5:24:15Well, actually,
5:24:17let me see how I explain this. Let's do
5:24:19this.
5:24:22How about now? Yes.
5:24:24So, I kind of cheated there a little
5:24:26bit. I'm not going to lie because I I
5:24:28read the market structure incorrectly.
5:24:30But at this point, right now, there's
5:24:31technically only Let's do it like this.
5:24:35If we were to do this market structure
5:24:36like this, just for this example's
5:24:38purposes, right? So, let's just get rid
5:24:39of this first one. Just for this
5:24:41example's purposes, there is only one
5:24:44area of interest that is appliable to
5:24:47this market right here, and that is
5:24:49going to be area of interest number two.
5:24:52Now, you might be wondering why. Well, I
5:24:54I mixed it up a little bit, and for some
5:24:56reason, my return tool isn't working,
5:24:58but I'm literally trying to trying to
5:25:00click that [ __ ] but it's not working.
5:25:02Um, it's because I read the market
5:25:04structure wrong, but technically this
5:25:05market was bearish. So technically this
5:25:07was the lower high and this was the
5:25:09lower low and technically multiple of
5:25:12these areas of interest are valid but
5:25:13just for this example I wanted to make
5:25:15it bullish just so it can connect a
5:25:16little bit more. So there's only one
5:25:18area of interest in this market that is
5:25:20actually valid and that's going to be
5:25:22number two. So area of area of interest
5:25:25number three is not valid, four is not
5:25:26valid, five is not valid and six is not
5:25:28valid. Now you may be asking why. Well
5:25:32very simple. This right here is the
5:25:35higher high.
5:25:37This right here is the higher low. If
5:25:41this is the higher high and this is the
5:25:43higher low, you can only have an area of
5:25:45interest within the higher high and the
5:25:47higher low. Having an area of interest
5:25:50below the higher low completely defeats
5:25:52the purpose of having identified if it's
5:25:55bullish or bearish. Because if the
5:25:57market makes it to this area of
5:25:58interest, we're then bearish and we're
5:26:00no longer looking for buys. If this
5:26:02market is bearish, we're going to be
5:26:04looking for sells. Could it be an area
5:26:06of interest for then for us to sell? Of
5:26:08course, for sure. But we're not there.
5:26:10We're very far from that. We're way up
5:26:13here. And if we have all the indications
5:26:15telling us to buy, why would we place an
5:26:17area of interest to sell? We don't. So,
5:26:20we get rid of the areas of interest that
5:26:22are not valid and have absolutely no use
5:26:25to our trade this area of interest. Once
5:26:28again, below the higher low, it's not
5:26:30valid. Not valid. and not valid. So now
5:26:33we've taken all of this noise, all of
5:26:35this area of interest, all of these
5:26:37structure points and we have completely
5:26:39removed them all and just focused on one
5:26:42part of the chart on one area of
5:26:44interest on one zone where the market
5:26:46has a very high probability of having a
5:26:48reaction from this area of interest. So,
5:26:52I basically just answered a question
5:26:54which I'm sure I would get and that is
5:26:56how where do I place the area of
5:26:58interest and how do I know it's a valid
5:27:00one? Well, simply because you could only
5:27:03place an area of interest within the
5:27:05higher low and within the higher high.
5:27:08So, if you guys were paying attention to
5:27:10what I said earlier, you guys would have
5:27:12known that I said we only look within
5:27:14this zone to actually trade. So, we're
5:27:17only going to place an area of interest
5:27:19within this zone. So our area of
5:27:21interest will only be inside of here.
5:27:23How many areas of interest can we get?
5:27:26Could be an infinite. You can get a
5:27:28thousand, 500, a quantillion. Obviously
5:27:31these are not real numbers. The most you
5:27:33can actually really get will probably be
5:27:35four and five. Could you get more? Sure.
5:27:37But the less the better because you want
5:27:39better quality zones rather than an
5:27:41abundance. You want quality over
5:27:43quantity when it comes to identify these
5:27:45areas of interest. So an area of
5:27:48interest is identified on something that
5:27:51has a minimum of three touches. An area
5:27:53of interest is good to buy or sell
5:27:55whether you are above it or below it. As
5:27:57long as we have three touches, the more
5:27:59touches the better. And an area of
5:28:01interest is needed because you need to
5:28:03enter a trade at an area of interest.
5:28:04You cannot enter a trade if it's not at
5:28:06the area of interest. And you can only
5:28:11only find an area of interest inside of
5:28:15the higher high and higher low
5:28:20or the lower high and the lower low. At
5:28:26no other point can you find the area of
5:28:28interest elsewhere. If you put an area
5:28:30of interest up here, it's pretty much
5:28:32[ __ ] because dude, we're like like
5:28:33the market hasn't even gotten there. And
5:28:35if we're looking to buy, we can't buy at
5:28:38a [ __ ] resistance. Like, how does
5:28:40that make sense? You're basically
5:28:42betting that you're going to break
5:28:43through a resistance. And that's not
5:28:45logical. You want to buy at a support
5:28:48level. You want price to be at a support
5:28:50level and then it push itself off of it.
5:28:53That is simply the logic when it comes
5:28:55to trading. So when you buy, you need to
5:28:58buy at a support level. When you sell,
5:29:00you need to sell at a resistance level.
5:29:03So you buy at support and then you sell
5:29:08at resistance.
5:29:10At no point do you break this rule right
5:29:13here. This is probably the simplest
5:29:15thing that I can write in this whole
5:29:17entire class and it will probably be the
5:29:20most valuable. I cannot stress to you
5:29:22guys how many of you guys are buying at
5:29:24resistance or selling at support. Like
5:29:27how does that make sense? If the market
5:29:30is going down, right, and the market is
5:29:33going down and you are literally at a
5:29:35support level right now where the market
5:29:38has reacted to it three times from this
5:29:40level. Why are you selling into this
5:29:44level where literally historically what
5:29:46it does from here is have a reaction.
5:29:49Why are you buying from this level? Some
5:29:51people just don't they don't they don't
5:29:53know what to say. Some people just don't
5:29:54have an answer. They're like, "Well, I
5:29:56didn't know." Well, no [ __ ] you to know
5:29:58cuz you wouldn't be doing that. This is
5:30:00like jumping into a twoft pool. Why the
5:30:03[ __ ] would you do that? Like you're
5:30:04going to literally smash your face. Is
5:30:06there a one in a thousand possibility
5:30:08that you know you happen to break
5:30:11through the pool and and break the
5:30:13concrete and then go through the the
5:30:15foundation. Yeah, if you're Superman or
5:30:18some [ __ ] But the odds of that
5:30:19happening are very rare. Can it happen
5:30:22in trading? Yes, of course. But I'm
5:30:23talking about in real life, right? You
5:30:25would never jump into a twoft pool. So,
5:30:27you would never sell into a support
5:30:30level. You sell at a resistance level.
5:30:33Once price is at an area where it has
5:30:35had more than three touches, this right
5:30:37here is a valid resistance level. You
5:30:40sell from a resistance to a support. You
5:30:44buy at a support into a resistance. At
5:30:47no point do you flip those tables
5:30:49around. If the opportunity is not there,
5:30:52you simply don't do it. Let's say you
5:30:54really want to take the trade at this
5:30:55resistance level right here. Please, by
5:30:58all means, but you need to be above it.
5:31:01Price cannot be below it. You need to be
5:31:03above it. You need to be above this area
5:31:06for you to really buy at this area. But
5:31:08if you're below it, what confirmation do
5:31:10you have that it's actually going to
5:31:12react from it if it's yet to do it to
5:31:14the past? It's never done it, so why
5:31:16would it do it now? So when it comes to
5:31:18area of interest placements, I need you
5:31:20guys to understand that you are placing
5:31:23in between
5:31:25this higher high and this higher low.
5:31:28And our job as traders, literally our
5:31:31only job is to wait for this
5:31:34retracement. So we know that this is
5:31:36bullish. Our job is to wait for this
5:31:38retracement to happen. And this
5:31:41retracement can literally happen
5:31:43anywhere, right? This can happen here
5:31:45and have the push up. Here and have the
5:31:48push up. Here and have the push up. This
5:31:50retracement can literally happen
5:31:52anywhere in the chart. Now, we have a
5:31:54higher probability of it having a
5:31:56reaction from here than from here. Why?
5:32:00Simply because if you look to the left,
5:32:02this area has only been respected one
5:32:05time. And this area here, this area here
5:32:07has been respected four times, five
5:32:10times. So, if the market makes it to
5:32:13this area, the odds of it reacting are
5:32:16going to be a lot higher than this one.
5:32:18Can the market still have a reaction
5:32:20from this level? Of course, and it will.
5:32:23And then you won't be able to enter this
5:32:25trade here. But with a proper strategy
5:32:28and trading with a plan, you need to
5:32:30take the trade where it simply makes
5:32:32sense. And it will always make more
5:32:34sense to take the trade here than to
5:32:36take the trade here. So trading with
5:32:39areas of interest or support and
5:32:41resistance is literally getting you to
5:32:43be able to pretty much predict precisely
5:32:46where this retracement has the highest
5:32:48probability to stop. Once it stops at
5:32:51this area, then you start to apply extra
5:32:54confirmations and then see if you're
5:32:56interested in entering the trade. This
5:32:58retracement is going to be a key
5:33:00fundamental to your success in trading.
5:33:02Whether you are patient enough for this
5:33:04retracement to happen or not, that is
5:33:06entirely up to you. I can't teach
5:33:07patience. I can teach you what you need
5:33:09to know in order for you to apply
5:33:11patience, but patience is what's going
5:33:13to either make or break you as a trader
5:33:15when it comes to applying any type of
5:33:17strategy. So, back to areas of interest.
5:33:20Areas of interest are placed in between
5:33:22the structure points. There is a
5:33:24never-ending amount of areas of
5:33:26interest, right? If if I were just to
5:33:27let's just say just for examples
5:33:29purposes, I'd bring this structure level
5:33:31up here and I'd bring this structure
5:33:32level up here just for examples
5:33:34purposes. This right here would also be
5:33:36a another area of interest. Why? Because
5:33:38we have one,
5:33:42two, and then three. So, this right here
5:33:46is a valid area of interest. Now, price
5:33:49is going to have a retracement. On this
5:33:51retracement, we can potentially have a
5:33:52push up or we can make it to this area
5:33:54and potentially have a push up. That is
5:33:56it. Our job as traders is to wait for
5:33:59the market to make it into this area.
5:34:01And when the market makes it into this
5:34:03area, we apply our strategy to enter the
5:34:06trade. That is it. You only buy at this
5:34:10support. Now, let's say the market just
5:34:12keeps going into this area, keeps having
5:34:14a push down, keeps having a push down,
5:34:16and from here it just does something
5:34:18like this. It breaks below the area of
5:34:21interest. Do you still buy it? No.
5:34:24Because we did not respect the area of
5:34:26interest because this market can now use
5:34:28this as resistance. What did I just say
5:34:31in this example over here? This example,
5:34:34you cannot buy at a resistance. So yes,
5:34:37even though we've had the retracements
5:34:39and we've broken below price,
5:34:41technically right now we are below this
5:34:43resistance exactly how we've been here,
5:34:46exactly how we've been here and exactly
5:34:48how we've been here. So this is destined
5:34:50to literally create a move like this.
5:34:53Can there obviously be the events where
5:34:55it from here does this? Of course. And
5:34:58that will happen and that is inevitable.
5:35:00But in order for you to enter this
5:35:02trade, you want to wait for it to
5:35:03actually break above this area and then
5:35:06use it as support. You need for it to
5:35:09actually come back and retest it as
5:35:11support. How it has done here and how it
5:35:14has done here. You need to use it when
5:35:17price is above it, not when price is
5:35:20below it. Once price has broken above it
5:35:22and it comes back into it, that is when
5:35:25you use it. Could you use it right as
5:35:27soon as it breaks above it? Sure. But
5:35:30I'm going to be teaching you guys on how
5:35:31to have the extra confirmations to
5:35:33actually use it when it comes back into
5:35:35it and uses it as support. I'll explain
5:35:37all that later when we get to the
5:35:38entries and how to actually start
5:35:39applying a strategy. Right now, I'm just
5:35:41teaching you what areas of interest it
5:35:42is, what is support and resistance.
5:35:44Like, this is all very basic standard
5:35:46stuff. I haven't even taught you guys
5:35:47anything of a strategy yet. The only
5:35:49thing that I did teach you is how to
5:35:51properly place this area of interest. So
5:35:53many of these traders just place these
5:35:55areas of interest randomly in front of
5:35:56the market and they just place it
5:35:58anywhere. They're literally just putting
5:35:59zones throughout the whole entire chart
5:36:00and calling everything a supply and
5:36:02demand zone, an area of interest, so you
5:36:03could just pretty much get bombarded by
5:36:06this information and you buy into their
5:36:07[ __ ] because they make it seem like
5:36:09you need them. They're trying to
5:36:10manipulate you so they can get you to
5:36:14make them feel like they have this
5:36:16better understanding of the market and
5:36:17that you need to learn from them and you
5:36:19need to follow them and you need to No,
5:36:20you don't have to do none of that [ __ ]
5:36:21Having an area of interest only makes
5:36:23sense to have it within the higher high
5:36:25and the higher low. Very [ __ ] simple.
5:36:27So, can it break below it and can it
5:36:29have a reaction and move to the upside?
5:36:31Sure. Now, this is where I would use
5:36:33this support level. If it breaks below
5:36:35it, I would not be buying below it. I
5:36:38would only be using it if we break and
5:36:39retest above it. But for this example,
5:36:42let's just say that we did something
5:36:44like this. Sure. Let's say we actually
5:36:46had the move and we had the push to the
5:36:48upside. Cool. Our area of interest is
5:36:51validated. And guess what? What happens
5:36:54now?
5:36:55But we have a new higher high. And
5:36:58where's the higher low? I don't know.
5:37:00Get the head of the snake. Start working
5:37:02our way back. Make the first turn. And
5:37:04now that right there is going to now be
5:37:06the higher low. All right, cool. If
5:37:09that's the higher low, we got to start
5:37:11cooking again. we got to start finding
5:37:13the next potential area of interest
5:37:16where this market is going to now have a
5:37:18reaction from. So the way we find an
5:37:21area of interest properly, right, is by
5:37:24getting this box at the top of the zone.
5:37:27And our job as traders is to start
5:37:30working our way down all the way to that
5:37:32higher low and find points where the
5:37:35market could potentially have a reaction
5:37:36from. So we start working our way down,
5:37:39working our way down, working our way
5:37:40down. Boom. We run into the first
5:37:42resistance.
5:37:44Is this a potential valid area of
5:37:46interest? No, because it only has one
5:37:48touch. Cool, cool, cool, cool. We keep
5:37:50working our way down. Keep working our
5:37:52way down. Keep working our way down.
5:37:53Boom. We run into a second spot. Well,
5:37:56you know what? This is actually pretty
5:37:58close to this spot. And it's pretty
5:38:00close to this spot. Let's see if we can
5:38:02get a very tight small zone. Sure. We We
5:38:06have one, two, and three. Three touches
5:38:09makes a valid area of interest. So this
5:38:12is the first potential area of where the
5:38:15market could have a retracement to then
5:38:18have a reaction to the upside. That's
5:38:20just the first potential area. Right now
5:38:22we have absolutely no idea from where
5:38:24else. Bring out our trusty box. So we
5:38:27already understand this is area of
5:38:28interest one. Let's keep working our way
5:38:30down.
5:38:32We can boom. We run into this structure
5:38:34point right here.
5:38:36Can we add another structure point right
5:38:38here? Sure. We have one, two. Is that a
5:38:42valid area of interest?
5:38:44No. Can we make a big zone like this and
5:38:48we get one, two, three, four? Sure. But
5:38:54the zones have a maximum and minimum
5:38:57sizing of these zones. And I'm going to
5:38:59get to the sizing of these zones once we
5:39:01actually get to the charts. But the max
5:39:04a zone could be is going to be six,
5:39:08excuse me, is going to be 60 pips. Max a
5:39:12zone could be
5:39:15is 60 pips.
5:39:17Anything bigger than 60 pips, it will no
5:39:20longer be a valid area of interest. So
5:39:23the max a area of interest could be is
5:39:2760 pips. So we're going to add this as
5:39:29another side note over here. Alex, how
5:39:31do you measure the pips? I already
5:39:33taught you this. You use this tool over
5:39:35here to the left hand side. Start from
5:39:37the bottom, work your way up to the top,
5:39:39and what do you have here? This zone is
5:39:41now going to be 70 pips, making this too
5:39:45big of a zone. The biggest an area of
5:39:47interest could be is a total of 60 pips.
5:39:50This zone right here is 70 pips, making
5:39:53it no longer valid. We start off from
5:39:55this zone to right here. You can tell
5:39:57this is 28 pips. That is perfect. That
5:39:59is half of the maximum a zone could be.
5:40:02Now, could you have something smaller?
5:40:04Yes. I'd say the smallest a zone could
5:40:06be. So, the max it could be is 60. And
5:40:09then the minimum it could be is five
5:40:12pips. You never really go that small,
5:40:15but just in case if you do for people
5:40:16that ask that question, a minimum of
5:40:19five pips. So, this zone right here, as
5:40:20you can tell, it cannot be used as a
5:40:23valid area of interest. one because this
5:40:26one right here doesn't have a minimum of
5:40:29three touches. And then that one right
5:40:30there is more than 60 pips. Right? So,
5:40:34we start working our way down. Working
5:40:35our way down. Working our way down. And
5:40:37boom. What do we run into? One,
5:40:44two,
5:40:47and then three. What do we have here? A
5:40:49valid area of interest. Now, we can make
5:40:51this one very tight. As you can tell,
5:40:53this one respects it very, very, very
5:40:56strong. So, we can make this one five
5:40:59pips like this. Or we can make it the
5:41:02actual max length, which right here
5:41:04would be 62 pips. Let's just call it 60
5:41:07pips for this example's purposes for us
5:41:10to then have a fourth structure point.
5:41:12Could we do that? Sure. But personally,
5:41:15myself, I would much rather have this
5:41:17zone be as tight as it possibly could
5:41:20be. I wouldn't want to stretch it out to
5:41:22have more touches. I would rather make
5:41:24it just be tight. The tighter the better
5:41:27and the more respected it's going to be.
5:41:29So here we have one, two, three, and
5:41:33four. That right there is a valid area
5:41:36of interest. Now I know a lot of people
5:41:38in the past have asked me when I do
5:41:39classes and when I educate people, can
5:41:41we consider the actual higher low a area
5:41:46of interest? Of course. If the higher
5:41:48low happens to have three touches, sure.
5:41:51So for examples purposes, this one has
5:41:54one, none, and none. And no, we cannot
5:41:59go below the higher low to add touches
5:42:03to the area of interest because if we go
5:42:04below the higher low, guess what
5:42:06happens? We are then bearish, making
5:42:08this no longer a valid area of interest.
5:42:11So now this market right here, we've
5:42:13just done the top down analysis. We've
5:42:14determined that this market is bullish.
5:42:16And now we've found two areas of
5:42:18interest. This right here is going to be
5:42:20daily area of interest number one. And
5:42:24then this right here is going to be
5:42:25daily area of interest number two. So
5:42:29these are two areas of interest where
5:42:31the market could have a retracement into
5:42:33this level. And after having the
5:42:35retracement into this level, it could
5:42:36potentially have a reaction. Now again
5:42:40the the big important thing is
5:42:41potentially uh one of these areas of
5:42:44interest could do it or none of them
5:42:46this area of interest right here area of
5:42:48interest number one is not stronger than
5:42:51area of interest number two area of
5:42:53interest number two is not stronger than
5:42:55area of interest number one quote
5:42:56unquote obviously if it has more touches
5:42:59it's supposed to be stronger but that
5:43:02doesn't mean that I would prefer to
5:43:04enter the trade at area of interest
5:43:06number two rather than area of interest
5:43:07number one they're both equally as much
5:43:10respected to me personally. And the only
5:43:13reason I the only time I take into
5:43:15account how many touches is inside of
5:43:18the area of interest is when it comes to
5:43:19the entry signal and I'll be explaining
5:43:21that later inside of the actual entry
5:43:23signal area. But for right now, to make
5:43:25a valid area of interest and to wait for
5:43:27the market to have a retracement, this
5:43:30is all I need. I need my areas of
5:43:31interest and area of interest one is
5:43:33equally as strong as area of interest 2.
5:43:35I would never pick one over the other.
5:43:37Even if this one has a 100 touches and
5:43:39this one only has three, the market can
5:43:41have the reaction from both or from
5:43:42none. The market can simply have a
5:43:44reaction to right here in the middle and
5:43:46then have a push to the upside. And a
5:43:48lot of students ask me all the time,
5:43:50they're like, "Alex, what happens if the
5:43:51market does that? What happens if it
5:43:53actually has a retracement either in the
5:43:56middle and it doesn't hit any of your
5:43:57areas of interest or right above your
5:43:59area of interest and it never hits it
5:44:00and then it has a move to the upside?
5:44:02What do you do then?"
5:44:05The answer is nothing. You don't do
5:44:07[ __ ] That wasn't your trade. That never
5:44:09met your strategy. You move on to the
5:44:11next [ __ ] pair. Why are you trying to
5:44:14figure out to make something work when
5:44:17you already have something that works?
5:44:19You just have to wait for it to happen.
5:44:20Why are you trying to make everything
5:44:22work when all you have to do is wait for
5:44:24one thing to work? Don't try and catch
5:44:26every move. I don't I don't try and
5:44:28catch every move. You know how many
5:44:29moves I miss a week and I still predict
5:44:31the overall trend, but they never come
5:44:33to my zone. So, I never take the trade.
5:44:35I just say two to three moves every
5:44:36single week. Hundreds of pips. Hundreds
5:44:39of thousands of dollars. But I also
5:44:41avoid hundreds of pips. And I also avoid
5:44:43losing hundreds of thousands of dollars
5:44:45by sticking to my plan. It's never worth
5:44:48breaking my plan just to try and catch a
5:44:51move and prove a point because I know
5:44:52how to trade or I know how to identify
5:44:54the trend. Waiting for the trade to
5:44:56these areas of interest is going to be
5:44:58the key thing. So now let's say for
5:45:00example, this market actually does this,
5:45:02right? This market has a push to the
5:45:05upside. This is the higher low. This is
5:45:07the new higher high. Make this a new
5:45:10higher high. This will be the higher
5:45:12low. Obviously, this area of interest is
5:45:16no longer valid because if price gets to
5:45:18there, we will then be bearish. And this
5:45:20obviously this area of interest is no
5:45:21longer valid. Now, on the daily time
5:45:24frame, if I were just to place this area
5:45:26of interest, start working our way down.
5:45:28Boom. We run into this structure level
5:45:30here. And then, guess what? That's it.
5:45:33There's no three touches here. There is
5:45:35no three touches here. There's barely
5:45:38two touches here. Can there be a
5:45:40scenario where there is no area of
5:45:42interest? Of course, this is 100% a
5:45:44possibility. Does it happen? Very rarely
5:45:47does it happen. But if it does, there's
5:45:49just simply no area of interest. You
5:45:50just simply go down to the next time
5:45:52frame or go up to the next time frame
5:45:54and wait for an area of interest at that
5:45:56point. Right now, I'm just teaching you
5:45:57what an area of interest is and how you
5:45:59can identify it. There's 110 million
5:46:02different what if possibilities and one
5:46:05of them is this. And if that happens,
5:46:06well then that happens. Now let's say
5:46:08this market, for example, just does
5:46:10this.
5:46:12All right, cool. Now what? We're
5:46:14bearish. This is the lower low. Where's
5:46:16the lower high? Right up at this point
5:46:18right here. If this is the lower high
5:46:20and this is the lower low, guess what?
5:46:23We're now going to get our area of
5:46:25interest in between like this. And then
5:46:27we're going to do the exact same thing.
5:46:29just now working our way up because our
5:46:31job is to predict this pullback and on
5:46:34this pullback for us to then potentially
5:46:36take this out. Now, where does this
5:46:37pullback stop? Well, it's the same
5:46:40thing. We start working our way up.
5:46:41Boom. We run into this area right here.
5:46:43We have one, two,
5:46:46and nothing else. Oh, I lied. We look a
5:46:49little bit more left and bang. Cool.
5:46:51Let's call it right there. We have one,
5:46:53two, and three. That right there, ladies
5:46:56and gentlemen, is a valid area of
5:46:58interest. That right there is indeed
5:47:00considered an area of interest. Area of
5:47:02interest number one. One, two, and
5:47:06three. Cool. We have the first area of
5:47:09interest. We just simply go ahead and
5:47:11start from this point right here and
5:47:12keep going back. We have one, none,
5:47:16none, and none. No area of interest. We
5:47:18keep working our way up. Boom. We run
5:47:20into this right here. One, two, and
5:47:23three. So, we already had this area of
5:47:24interest in the past. Very clean, very
5:47:27obvious. We keep working from this point
5:47:30right here. We keep working our way up.
5:47:32Bam. Boom. Guess what we run into here?
5:47:34One, two, and three. And I'm sure we can
5:47:37squeeze this one in here for four. One,
5:47:40two, three, four. And then if we keep
5:47:42working our way from the top, from this
5:47:45right here, keep working our way from
5:47:47all the way right here, we run into that
5:47:49point. There's only one structure point
5:47:51there. And then there is another one
5:47:54like this. How many pips is this? This
5:47:56is a total of 52 pips. So technically on
5:48:01this lower low leg there is one, two,
5:48:05three and four areas of interest that
5:48:07the market can potentially have a
5:48:09reaction from. The market can have a
5:48:12pullback to either here and have a
5:48:14reaction here and have a reaction here
5:48:17and have a reaction or here and have a
5:48:19reaction. Once again, is this something
5:48:22that can often happen that you would
5:48:23have four areas of interest? Yes. But
5:48:26our job as traders is just to wait for
5:48:28the market to get to every single one of
5:48:31these or whichever one of these it gets
5:48:32to and then us apply the strategy to it.
5:48:36I can say based off of my experience
5:48:38that if I were to have four areas of
5:48:40interest, my strategy would probably
5:48:42have a full check off checklist at maybe
5:48:46one or two of these areas of interest.
5:48:48Now, not because the area of interest
5:48:50isn't valid. It's just because the
5:48:52market isn't going to react to every
5:48:53single one of these. It's probably going
5:48:55to break right through this one and then
5:48:57maybe here it'll have a little bit of a
5:48:58reaction, but then I don't get the
5:49:00proper entry signal that I need. And
5:49:02then it'll actually make it to this area
5:49:04right here. And then here is where I
5:49:06then get my entry signal and then I
5:49:07actually take the trade. If I miss this
5:49:09trade at this area, can then I enter the
5:49:12trade if it breaks below this area of
5:49:14interest to then sell? Sure. Yes, you
5:49:16could do this. These are all different
5:49:18possible potential scenarios and
5:49:19hypotheticals of things that can happen.
5:49:21But our job is to wait for this
5:49:22retracement. So once we get this, we can
5:49:24then sell. So this is just a very simple
5:49:28example of a sell markets. Same exact
5:49:30thing. This is now the new lower low.
5:49:32For example, this is now the new lower
5:49:34high. We could invalidate this area of
5:49:36interest. We could invalidate this area
5:49:38of interest. This area of interest could
5:49:39stay because it's still within the lower
5:49:41high and the lower low. We just do the
5:49:43exact same thing. We start working from
5:49:45the bottom right into this point right
5:49:47here. We can find one, two, three, and
5:49:51let's just call this one four. Don't
5:49:53worry, I do this very fast because I
5:49:55think I've been doing this for longer
5:49:57than I can remember. But here we have
5:49:59one, two, three with this point right
5:50:02here, four, five, and six. So, let's
5:50:05just say we have two areas of interest
5:50:07in this market. Same exact thing. We're
5:50:09waiting for a pull back into here to
5:50:10then sell or a pullback here into then
5:50:13sell. That right there, ladies and
5:50:15gentlemen, is how area of interest
5:50:17works. How you can spot it in the middle
5:50:19of the market and how you use it with
5:50:21market structure. Now,
5:50:24we go do this in the real market in real
5:50:26time.
5:50:28It is no different ladies and gentlemen.
5:50:29If we come here to the weekly time
5:50:31frame, we can only place a weekly area
5:50:33of interest within this higher high and
5:50:36within this higher low. Now, same exact
5:50:38principle applies as to the trend. For
5:50:41you to identify the area of interest is
5:50:44going to be the exact same thing. So,
5:50:45here we're going to do weekly and area
5:50:48of interest. Daily and area of interest,
5:50:524hour, there's going to be no area of
5:50:56interest. So, we only look for an area
5:50:58of interest on the weekly and on the
5:51:01daily. But we use these three time
5:51:03frames to identify the trend. But we
5:51:06only find an area of interest on the
5:51:08weekly and the daily. Now, some of you
5:51:10guys may be asking, why are we going to
5:51:12only find an area of interest on the
5:51:13weekly and the daily? Well, the truth is
5:51:15that the market is going to be respected
5:51:17so much more from the higher time frames
5:51:20compared to the lower time frames. In
5:51:22the 4hour time frame, I have found that
5:51:24I can have 10 areas of interest. And I
5:51:28don't want 10 areas of interest. I want
5:51:30maybe one, maybe two, max three. I don't
5:51:34want more than three areas of the market
5:51:35could potentially have a reaction from.
5:51:37And I always want to trade with the
5:51:39higher time frames. Not because I'm a
5:51:41swing trader. I don't want you guys to
5:51:42get that confused. It's because I like
5:51:45to trade with the higher time frames
5:51:47backing my trade. I want the weekly and
5:51:49the daily trend to be in my favor so it
5:51:52can push my trade in that direction. I
5:51:54want to buy or sell the market at a
5:51:56daily or weekly area of interest. So
5:51:58that support level is being pushed by
5:52:01the higher time frame. I want to buy at
5:52:03a daily support because that's what's
5:52:05going to give me that daily push to the
5:52:06upside. I don't want to do it off of a 4
5:52:08hour. A 4 hour area of interest could
5:52:11break and retest it 10 times within the
5:52:13same day. On the daily, it'll take much
5:52:15longer just simply because the
5:52:16candlesticks take much more to move. So
5:52:19they get respected a lot more. So in
5:52:22order for me to find an area of interest
5:52:23on the weekly, I have to go back max
5:52:26five to six years, the exact same time
5:52:28it takes me to identify the trend. And I
5:52:30only have an area of interest in between
5:52:32the weekly and the daily. No area of
5:52:34interest on the 4 hour. So if I were to
5:52:37get this area of interest and I were
5:52:38just to drag it left, I don't really
5:52:40have to go further back than let's say
5:52:43two years. But for example, right now on
5:52:45the weekly time frame, we understand
5:52:47that that is the weekly higher high.
5:52:49That is the weekly higher low. And what
5:52:51we could start doing is working our way
5:52:53down. If we start working our way down,
5:52:55what do we run into? If we don't have a
5:52:57clear vision, we can go to the market
5:52:59structure. And in the market structure,
5:53:01what do we have? For example, right
5:53:03here,
5:53:05we have one, two, and three. Can that be
5:53:10a valid area of interest? Sure. Can we
5:53:12make this a very tight area of interest
5:53:14like this? We have one. We have to
5:53:16include this one right here for it to be
5:53:18a valid one. One, two, and three.
5:53:23Technically, four if we include this as
5:53:25well. So, we can probably move it up
5:53:26just a little bit. And nothing else to
5:53:29the right. Now, let's see how that looks
5:53:30like on the daily with the candlesticks.
5:53:32Very clean on the daily. Very clean
5:53:34elbow here. Very clean elbow here. And
5:53:37very clean elbow here. This one is not
5:53:39so clean on the candlestick chart, but
5:53:41we still indeed have three very valid
5:53:44elbows including the candlesticks. So
5:53:47maybe on the line chart you can have 10
5:53:49structure points but when you go verify
5:53:52this on the actual candlestick chart you
5:53:54maybe only have five. So you always want
5:53:56to use the line chart to make it a
5:53:59obvious area of interest. After you make
5:54:02it an obvious area of interest, right?
5:54:04So we would also have counted this right
5:54:05here. So that's an obvious elbow
5:54:07rejection from this area of interest. We
5:54:09then go to the daily to confirm that
5:54:12it's a real rejection or a valid elbow.
5:54:14And then there we would actually remove
5:54:16it and be like okay it's not as clean
5:54:18for example as this one or this one or
5:54:20this one. These are more obvious
5:54:21reversal points. So even then this is
5:54:25still a valid area of interest. So this
5:54:27right here would be a weekly
5:54:30area of interest. We keep going from
5:54:33this point down right here and uh keep
5:54:35working our way down. So we go back to
5:54:38the line chart. Switch to the line
5:54:39chart. And on this line chart, we're
5:54:42going to now identify the next potential
5:54:45area of interest. Start working our way
5:54:47down. Working our way down. And boom, we
5:54:49run into this right here. We have one,
5:54:53two, three, four, five rejections from
5:54:58this area. All right, cool. Can make
5:55:00this a very tight zone. Also, by the
5:55:02way, we have to measure this zone. I
5:55:04forgot it. So, we measure this zone. We
5:55:06have a total of 54 pips. So yes, this is
5:55:08a valid area of interest as long as it's
5:55:11below 60. Cool. This area right here, we
5:55:14have one, we have two, we have three, we
5:55:22have four,
5:55:24five, and then six. Let's go check out
5:55:28the candlesticks to confirm that that
5:55:29[ __ ] is legit. This one's okay. So, we
5:55:33have one. This one's okay. We have two
5:55:36for sure. three, four, and five for
5:55:38sure. Okay, so we can technically remove
5:55:41this one. I like this elbow. I like this
5:55:44elbow. I like this. I like this. And I
5:55:46like this. Very clean break, retest,
5:55:48sell, rejection, sell. Cool. So that's
5:55:51area of interest, too. Not bad. So we
5:55:54have a weekly second area of interest.
5:55:59Next, we're going to continue going
5:56:00down. We're going to go all the way
5:56:02until we make it to the higher low. We
5:56:04stop at the higher low every single time
5:56:06or we stop at the lower high if we're
5:56:09looking for sells. Right? So now we
5:56:11continue going to the downside and we
5:56:13then run into boom this structure point
5:56:16right here we have one two three four
5:56:20and five. All right. Cool. Right here we
5:56:22also have one two three four and five.
5:56:26So if we were to once again get our
5:56:28trusty circle
5:56:30and do this right here. And I've never
5:56:32seen anybody do this. how I'm walking it
5:56:34with it. Like you guys right now,
5:56:35everybody tries just to speed through
5:56:37this stuff. Like I really want to
5:56:38generally take my time so you guys can
5:56:40learn from this because I'm telling you,
5:56:41I searched the internet for [ __ ]
5:56:44months to understand this. Like you guys
5:56:46have no idea.
5:56:49We go back to the candlestick chart.
5:56:51This is a clear rejection. This is a
5:56:52clear rejection. Very clear. Very clear.
5:56:55And not so clear. I would not count that
5:56:58as a structure point. I would count this
5:56:59one. I would count this one. Yes. And
5:57:01yes. Even then that is more than three
5:57:03that makes that a valid area of
5:57:05interest. Now this right here
5:57:07technically are the three weekly areas
5:57:09of interest. This is weekly area of
5:57:11interest number one, weekly area of
5:57:13interest number two and weekly area of
5:57:15interest number three. That right there
5:57:18as you can tell ladies and gentlemen is
5:57:19a very clear indication that these are
5:57:21the potential areas where the weekly
5:57:23time frame could have a retracement to
5:57:24buy, retracement to buy and then
5:57:26retracement to buy. Now, what we would
5:57:29do is we would go down to then the daily
5:57:31time frame, right? And on the daily time
5:57:33frame, we're going to do the exact same
5:57:35thing, but for the daily higher low and
5:57:38for the daily higher high. So, we're
5:57:40going to have this blue on blue box be
5:57:42the weekly area of interest and this
5:57:44blue on blue box be the weekly area of
5:57:46interest. This is also the weekly area
5:57:48of interest. But for the daily area of
5:57:50interest, we're going to have a red
5:57:51outline, right? So, we're going to get
5:57:53this box right here and we're going to
5:57:54make the outline of this box. We're
5:57:56going to make it red. So, we can start
5:57:59off once again at the high of this
5:58:01market. And we can just basically start
5:58:03working our way down. Start working our
5:58:05way down. We're basically going to run
5:58:08into this structure area right here.
5:58:10Resistance, support, support, and we can
5:58:13look more left. We're going to see more
5:58:15structure points coming up to the left
5:58:17hand side over here. In just a second,
5:58:19we're going to see more structure
5:58:21points. And the goal for us to do here
5:58:22is just to try and minimize as much
5:58:24noise as possible and focus on as many
5:58:26things as just focus on like the the
5:58:29clear market structure points. And right
5:58:31here, as you can tell, we can have here
5:58:33one structure point up here. Two, go a
5:58:36little bit more to the left. And then we
5:58:38can also focus on one, two, three, four,
5:58:40five, six, seven. Right? So we have more
5:58:42than three for sure. Let's look at it on
5:58:44the candlestick chart. So right here as
5:58:46you can tell we have one two three four
5:58:49five six seven eight nine at that point
5:58:53right there we got 10. So obviously
5:58:55there is also a valid daily area of
5:58:58interest right in here. Now if you can
5:59:00tell what a coincidence that that daily
5:59:02area of interest also happens to be the
5:59:05weekly area of interest. Right? So just
5:59:07putting that on to the side and that's
5:59:09going to be important later on. Right?
5:59:11But for now let's just let's keep going.
5:59:13Right? Let's focus on from this high
5:59:14point up here, working our way down from
5:59:17this point right here. And then boom, we
5:59:19run into this next structure points that
5:59:21we have right here. Obviously, for just
5:59:22the simplicity of the video, I've
5:59:24skipped this structure point. Then I've
5:59:25gone to the more obvious one. Can there
5:59:28be more structure points at this area
5:59:30right here that I have just identified
5:59:32over here? And I go more to the left.
5:59:34Sure, I'm sure we can find some
5:59:36structure points there. You can find
5:59:37three touches anywhere, but our goal is
5:59:39to find the three closest touches to
5:59:42where price is right now and the most
5:59:43relevant. If you have to go back far
5:59:45left, you could. No problem. But you
5:59:47want to get the most strongest and most
5:59:49relevant points. Now, if you notice
5:59:50right here on the daily time frame, what
5:59:52do we have right here? Well, 1 2 3 4 5.
5:59:56How does this look like on the
5:59:57candlestick chart? Perfect. 1 2 3 4 5.
6:00:01We have another area of interest. And
6:00:03what a coincidence, we can also align
6:00:05that with our daily higher low. Well,
6:00:08would you look at that? We have weekly
6:00:11area of interest number two happens to
6:00:15also line up with our daily area of
6:00:18interest number two. So now this right
6:00:21here is pretty much a perfect
6:00:23coincidence, right? I wish I would have
6:00:25known this before I even started this
6:00:27analysis. So, it would have been easier
6:00:28if it wasn't, but it would have been
6:00:30easier because I could have separated
6:00:31the areas of interest and stuff like
6:00:32that. But this right here shows you how
6:00:34areas of interest from the weekly and
6:00:35the daily happen to align for this
6:00:37example right here. We're going to go
6:00:38through all those examples where they
6:00:40don't. So, for now, we're just going to
6:00:41remove this weekly area of interest, the
6:00:43third one, because there's so much that
6:00:45price has to come back through and
6:00:47actually be able to break before getting
6:00:48there. So, now we go back to the weekly
6:00:51time frame. This is what it looks like.
6:00:52This weekly area of interest happens to
6:00:54also be a daily area of interest. This
6:00:56weekly area of interest happens to also
6:00:58be this daily area of interest. So what
6:01:00do I like to do in a scenario like this
6:01:02when we have two overlapping areas of
6:01:04interest. What I like to do is to
6:01:07combine them as much as I can. I like to
6:01:09find the happy medium. I try and see if
6:01:11I can make this area of interest right
6:01:13here on the daily somewhat fit in the
6:01:16middle of this weekly area of interest.
6:01:18And if it could still have more than
6:01:20three touches to fit inside of this area
6:01:22of interest, then I would just minimize
6:01:25throughout the top. So, as you can tell
6:01:26here, I moved it down a little bit and I
6:01:28have more taps here, more taps here,
6:01:31more tabs here, more tabs here. And what
6:01:33I try and do is just make this as tight
6:01:35as possible. So, 60 pips is the biggest,
6:01:38but the sweet spot is around 20 to 35
6:01:41pips. Now, this daily area of interest
6:01:43is right at that 25 pip mark. And I'm
6:01:46sure that I can squeeze this weekly area
6:01:48of interest to this structure point and
6:01:50then squeeze it right into that daily
6:01:52structure point as well. So, if we go
6:01:54out to the weekly, let's see if we have
6:01:55a minimum of three touches with that
6:01:57right there. As you can tell, indeed, we
6:02:00somewhat still do. I would have to move
6:02:02the weekly a little bit higher for us to
6:02:04actually get that right there for us to
6:02:07get that right there. And then, in order
6:02:09for us to also count that structure
6:02:11point right there. So, right there, we
6:02:13are counting that structure point and
6:02:15that structure point, what I can do here
6:02:17as well is move the daily time frame up
6:02:19along with that weekly. And then, boom.
6:02:22Right there we have a perfect daily area
6:02:24of interest that aligns with a weekly
6:02:26area of interest. This is a beautiful
6:02:28sweet spot. This right here lets me know
6:02:30that if price retraces to this area,
6:02:33which is where we are right now, not
6:02:35only are are we at a daily and weekly
6:02:37area of interest, but they're both
6:02:38overlapping. And if it just doesn't get
6:02:40respected here, then it has a higher
6:02:42probability of coming to this area and
6:02:44then basically respecting and having a
6:02:45reaction from that point right there.
6:02:47This right here is beautiful. I love to
6:02:49see this. I love having both of these
6:02:51confirmations because this just lets me
6:02:53know that these time frames are actually
6:02:55in sync. The weekly and daily are in
6:02:56sync. Areas of interest in sync. All
6:02:59overall, it makes sense to actually
6:03:01enter this trade as a buy rather than a
6:03:03sell. Because at the end of the day,
6:03:05that's all we're trying to do. We're
6:03:06trying to make this trade make more
6:03:07sense that it's going to go to the
6:03:09upside and to the downside. So, right
6:03:12now, this is very, very, very simple,
6:03:14over-the-top top down analysis. Now
6:03:17again, if this looks a little bit
6:03:18confusing, you know, you don't have to
6:03:19leave these lines up here. You can you
6:03:21can move them if you want. I like
6:03:22leaving them sometimes because it just
6:03:24gives me an overall idea of where the
6:03:26market is. And it lets me know that I
6:03:28should only be focusing inside of this
6:03:31zone right here. And it lets me know
6:03:33that all I have to do as a trader right
6:03:34now is wait for price to actually have a
6:03:37retracement into this zone for the
6:03:39market to have a reaction from there or
6:03:41let the price come into this zone and
6:03:42then let the market have a reaction from
6:03:44there. This right here is what 99% of
6:03:47traders cannot do. Right? Traders cannot
6:03:50identify trend. Traders cannot identify
6:03:53market structure. They can't even tell
6:03:55where to properly put an area of
6:03:56interest or where even the market is.
6:03:58Now, we can very clearly tell if we were
6:04:00just going to look at this market based
6:04:02off of market structure. So, if I were
6:04:04just to look at this for the structure
6:04:06of the market, which is what we should
6:04:07always look at it, but on the
6:04:08candlestick chart rather than the line
6:04:10chart. If we were to look at it just on
6:04:12the candlestick chart, just so you guys
6:04:13get a visual, if you look at this
6:04:15without any of the drawings, what does
6:04:16this look like? If I were just to focus
6:04:18on this move right here, this looks like
6:04:20a perfect break, then a retest to this
6:04:22structure point and then a push to the
6:04:24upside. What a coincidence that
6:04:26structure point happens to be the weekly
6:04:28area of interest and also the daily area
6:04:30of interest and also at that daily
6:04:32higher low. If I were to pick an area of
6:04:35interest, if I were to pick one over the
6:04:36other, I would for sure pick this one
6:04:38just because it's more of a textbook
6:04:39trade. When you see a textbook move, you
6:04:41see something like this. Comes back to
6:04:42this structure point. Then it just
6:04:44continues to go up. If you ask me, that
6:04:46is exactly what this is right here. That
6:04:48is the previous structure point. That is
6:04:50the break. And now we are on the way to
6:04:52retest that to potentially have this
6:04:53move to the upside. So that right there
6:04:55is just basic market structure. I have
6:04:58taught you guys what is top down
6:04:59analysis, how to use these time frames
6:05:02in sync to determine if something is
6:05:04bullish or bearish, and how to place a
6:05:07proper area of interest. All of this is
6:05:10quote unquote still very beginner stuff
6:05:12but also getting into a bit intermediate
6:05:15just simply because
6:05:17all you need now is just practice. Go
6:05:19out there and go practice this because
6:05:21that is going to be the crucial part of
6:05:23you to actually perfect it and see it as
6:05:25effectively and as quick as I do. But to
6:05:27this right here, what I am showing you
6:05:29guys, this took me a year to understand,
6:05:32a year to really like get it and like
6:05:35put it into practice. ICS took me such a
6:05:37long time and so many wasted hours of
6:05:40just placing market structure
6:05:41incorrectly putting areas of interest in
6:05:44areas where it didn't even make sense.
6:05:46Just so much wasted time which obviously
6:05:48led to waste of money that you guys
6:05:49can't even fathom. Like I'm making all
6:05:51of this in one video. But I also don't
6:05:53want to overload you on information that
6:05:55it's just me repeating myself and I want
6:05:57to make sure that you get the point
6:05:58perfect and then you can go on and go
6:06:00practice it. Right? So right now that is
6:06:02top down analysis. That is how it is. it
6:06:04has worked. We do a top down analysis
6:06:07from the weekly to the daily to the 4
6:06:08hour to determine if something is
6:06:10bullish or if something is bearish. Once
6:06:12we determine that we have two
6:06:14consecutive time frames in sync how we
6:06:16have here for the weekly time frame
6:06:18where this would be the higher high and
6:06:20this would be the higher low. We then go
6:06:22ahead to the daily time frame. We
6:06:23identify the higher high and then we
6:06:25identify the higher low. We then just do
6:06:27it on the 4 hour just to see if we have
6:06:29that added time frame. Then we place our
6:06:31areas of interest within these higher
6:06:33highs and higher lows. And then we can
6:06:35tell that we're only looking at this
6:06:37right here in the market. And we're
6:06:38waiting for the market to come back,
6:06:40retest this zone, apply the strategy
6:06:42here. If we don't get it, then we wait
6:06:44for the strategy to get applied here.
6:06:46Now, once again, if the market for some
6:06:48reason somehow breaks below this area of
6:06:51interest, could we then have a reaction
6:06:53from the middle of this area? Do we buy
6:06:56in the middle? No. Do we buy at the
6:06:58bottom? No. We have to wait for the
6:07:00break of it, come back, retest it, and
6:07:02then you have the trade to the upside.
6:07:05This right here would be the perfect
6:07:06trade setup. As long as we are above the
6:07:09support level, we either take the trade
6:07:11fully at this area of interest or above
6:07:13this area of interest or above this area
6:07:15of interest. There's no if ends or buts
6:07:18about that. You need to buy at a support
6:07:20and you need to sell at a resistance.
6:07:21Now, for a sell, pretty much just the
6:07:24complete opposite. You can literally
6:07:25just flip the chart. You right click
6:07:27this section in Trading View and then
6:07:29you click invert scale. And then it's
6:07:31pretty much the same exact thing. You
6:07:33have the bearish move. You have to wait
6:07:34for it to come back to retest this
6:07:36structure point to then sell. Or you
6:07:39would have to wait for price to then
6:07:40come back and then retest this structure
6:07:42point over here to then sell. Either one
6:07:45are equally as strong and each one of
6:07:47them are equally as valid. You just have
6:07:49to wait for the strategy to be aligned
6:07:50at that point.
6:07:52So with that being said, let's move on
6:07:54to our next point which is going to be
6:07:56kind of handinhand with what we are
6:07:59talking about with right now and it's
6:08:00probably going to be one of the most
6:08:02common things you've heard if you've
6:08:04heard anything about trading and
6:08:06probably one of the main things that I
6:08:07personally use on a daily basis and it's
6:08:10going to go handinhand with everything
6:08:11that we're talking about right here and
6:08:13that is going to be break of structure
6:08:18slash break and retest. test
6:08:23slashtouch
6:08:26slash
6:08:27shift of structure.
6:08:30All of this right here
6:08:33is almost the same thing. This one right
6:08:36here is the only one that is different
6:08:38to every single one of these. Break of
6:08:41structure, chach, and shift of structure
6:08:44are all the same [ __ ] So, let's start
6:08:46off with break of structure. Right? This
6:08:48market right here is clearly
6:08:51bullish, right? We know that already. We
6:08:53know that this is the higher high and we
6:08:55know that this is the higher low. Cool.
6:08:58What happens if this does this?
6:09:01Well, [ __ ] [ __ ] We just broke the
6:09:06structure. We broke the higher low. We
6:09:08shifted the structure. We ch What the
6:09:11[ __ ] is chach? I don't know. All these
6:09:12fugazi traders came up with this [ __ ]
6:09:14Chach is equal to change of character.
6:09:21This is what chach means. Change of
6:09:23character. Change of character. It they
6:09:26were identifying this that the character
6:09:28or the what it identifies as was
6:09:32bullish. Now it has changed that
6:09:35identity to now bearish. Same [ __ ]
6:09:37[ __ ] as shift of structure. Same [ __ ]
6:09:40[ __ ] as break of structure. That [ __ ]
6:09:42pisses me off how they put all these
6:09:44different names to all these same exact
6:09:46[ __ ] They just [ __ ] complicate
6:09:48everything. Change of character is when
6:09:50the market shifts. When you changes from
6:09:52bullish to bearish. Simple. Break of
6:09:55structure is when this was the previous
6:09:57structure and we break it. Shift of
6:09:59structure is when this structure shifts
6:10:01from bullish to bearish. Easy. Change of
6:10:04character is when you change identity
6:10:06from being bullish to then being
6:10:08bearish. Simple. Now what is break and
6:10:12you guys already know this I have pretty
6:10:14much have been doing this for the last
6:10:15two hours right doing shift to structure
6:10:17doing breaks of structure now what is a
6:10:19break and retest now this one is uh
6:10:21probably the the easiest one to explain
6:10:24so let's say price is currently being
6:10:26held up at a resistance level how we
6:10:29were previously right or how we were
6:10:30doing for these examples right so this
6:10:32right here is a valid level of
6:10:34resistance so the resistance is clearly
6:10:37trapped within this spot right here and
6:10:39we know we cannot actually enter the
6:10:43trade at this resistance. What would we
6:10:45need for the market to do? We would need
6:10:47for the market to break above this area
6:10:49and come back into this area to then
6:10:51actually buy. We need to buy above it.
6:10:53Well, this right here is called break
6:10:57and retest. And break and retest is
6:11:00exactly what it says like the name of
6:11:03it. It's a [ __ ] break and retest. It
6:11:05is extremely easy. It is extremely
6:11:07self-explanatory. All you do is wait for
6:11:10the break
6:11:12and the retest for you to take the trade
6:11:14to the upside. That is it. It is really
6:11:17that simple. Break and retest are very
6:11:20crucial for you to take. Whether it be
6:11:23on a area of interest, whether it be at
6:11:25a resistance used as support, at a
6:11:27support used as resistance. You can only
6:11:30take the trade once you've had the break
6:11:34and then the retest. I get thousands of
6:11:37messages throughout the weeks of asking,
6:11:40"Hey, Alex, can I enter the trade at the
6:11:44break at the high?" Yes, you could. You
6:11:47could enter the trade at the break. Just
6:11:49understand, you cannot add that as a
6:11:52break and retest confluence. And we're
6:11:54going to get into confluences later into
6:11:56this video, but you understand that it's
6:11:59just a break. It's not a retest. A
6:12:01retest is when something comes back, it
6:12:04retests it. it uses it as support and
6:12:07then you can be interested in buying the
6:12:09trade to the upside because that's where
6:12:11you anticipate for this trade to
6:12:13actually have the move to the upside.
6:12:15Could you count something as a breakout
6:12:16and add it as a confluence as a
6:12:18breakout? Sure. But it's always a 50/50
6:12:22chance if it's going to come back and
6:12:24retest this point. Now, if it comes back
6:12:26and retests this point, it is once again
6:12:28another 50/50 chance that it's going to
6:12:30actually have the reaction from it
6:12:32because it could have just done this
6:12:33right here. And this is a fake out. This
6:12:35is a liquidity grab and then guess what?
6:12:37It continued back into this area and
6:12:39then price stays ranging in the zone or
6:12:42just rejecting this resistance.
6:12:44Personally myself, I
6:12:48rarely I'd say 30% of the time I get a
6:12:50breakout. I enter at the breakout. Now,
6:12:53the breakout, as you can tell, I'm doing
6:12:55everything based off of market
6:12:57structure. The breakout is based off of
6:12:59the candlestick of the market. It's not
6:13:02based off of the wick. It's not based
6:13:04off of the the tail, the do. It's all
6:13:06based off of the actual body candlestick
6:13:09closing above this zone. So, this zone
6:13:12is at these structure points. It's at
6:13:14these bodies. And right now, we have a
6:13:16body that has actually closed above this
6:13:19area. That right there is a confirmed
6:13:21break. Now I sometimes enter on that
6:13:24break. Just depends the momentum where I
6:13:26am in the week as a trader as a whole.
6:13:28Where's my mindset? How much I'm
6:13:29risking? How many confluences I have?
6:13:32But the correct thing to do is to wait
6:13:34for the retest. Now in the retest, you
6:13:37want to wait for the body to retest this
6:13:39area and then you get some wick
6:13:41rejections. And those wick rejections is
6:13:44one of your entry confirmations to enter
6:13:46the trade. So can you enter the trade on
6:13:49the body closure above this area? Sure,
6:13:52but you can only enter properly on the
6:13:55retest and then you need proper body
6:13:57rejections on that retest. Perfect
6:14:00example could literally be this right
6:14:02here. As you can tell, this is a very
6:14:04valid level of resistance. As you can
6:14:07tell here, this is resistance,
6:14:08resistance, resistance, very valid
6:14:11resistance and area of interest. As you
6:14:13can tell, this right here, these are all
6:14:16wicks. This is not market structure.
6:14:18This is all that price once upon a time
6:14:21at one point was a full blue candle,
6:14:23full green candle, full strong candle up
6:14:26here. But guess what? It was never
6:14:29strong enough and it always closed
6:14:30below. So that right there makes that a
6:14:33non-confirmation of a break above that
6:14:36area. If we go look at this on the
6:14:38actual market structure, which is based
6:14:40off of the line chart, as you can tell,
6:14:41market structure never broke above that.
6:14:43But the one time that it did break above
6:14:45that, guess what happened? Price came
6:14:47back and then we retested it. We body
6:14:50candlestick closed above with this very
6:14:54very strong candle. Then we got a retest
6:14:57and then we bought. Could you have
6:14:59entered at the breakout? Yes. Would you
6:15:01have much been better off entering at
6:15:03the retest? Yes. But these break and
6:15:06retest examples are literally everywhere
6:15:08in the market. I can just simply go to
6:15:10the left and I can almost guarantee you
6:15:11I can find another one of these in just
6:15:13a simple like in any possible scenario
6:15:16in any possible time frame you can find
6:15:18these examples right here. Perfect
6:15:20example could be this. This right here
6:15:22is technically a resistance level.
6:15:23Resistance level has three touches. If
6:15:25we look at this on the actual market
6:15:27structure time frame you can see how
6:15:29this market structure has more than one
6:15:32two and then three. We confirm it with
6:15:35the actual body candlesticks. And yes,
6:15:37we notice here this never body
6:15:39candlestick closed above. Never body
6:15:41candlestick closed above. Never body
6:15:43candlestick closed above. And guess
6:15:44what? Body candlestick closed above.
6:15:47Let's say in this scenario, we were
6:15:48waiting for the retest. Guess what
6:15:50happened? We never retested it. We
6:15:52missed the trade. It is what it is. It
6:15:54happens. Sometimes I enter the trade at
6:15:56the breakout. Sometimes I enter the
6:15:58trade on the retest. Perfect example
6:16:00could be this right here. We have
6:16:01resistance. Resistance, right? I could
6:16:03just move this resistance a bit more up.
6:16:06And on this resistance right here, you
6:16:07can tell we have resistance, resistance,
6:16:10resistance, resistance, body candlestick
6:16:13close above, retested right there with
6:16:15that wick on the daily time frame. I
6:16:17know if we go to the 4hour time frame,
6:16:18it's a much cleaner retest. Beautiful
6:16:20push to the upside. This happens in
6:16:23sells equally as the amount of times
6:16:26many times as well. It also has fake
6:16:28outs and fake trades that actually never
6:16:31actually end up having the move. But
6:16:32there's other times where it also gets
6:16:34very much respected. But this right here
6:16:36of a break and retest is the most
6:16:39textbook example that I can possibly
6:16:41give right here. This is a resistance
6:16:43level and it's just one structure point.
6:16:46Not as strong as if we were to have
6:16:47three, but as you can tell right here,
6:16:49we have broken this area. We retested
6:16:52this area. Then we headed to the upside.
6:16:55Very, very simple. A break and retest is
6:16:58just whenever we break an area and then
6:17:00we retest it and then we head to the
6:17:02downside. Examples like these I can show
6:17:05you literally never ending. Perfect
6:17:07example is right here. This is a very
6:17:10strong resistance level. We broke this
6:17:12area and then we came back and then we
6:17:14retested. We sold off. Another example
6:17:17that we could have is for example right
6:17:20here. This is an area where I actually
6:17:22took this loss on this trade right here.
6:17:24this area right here. We actually had
6:17:26this support, this support. We got this
6:17:29break and then I waited for the retest
6:17:31and I just jumped off on the retest and
6:17:33guess what? I took the loss. It is what
6:17:35it is. It's okay. It happens. It's part
6:17:37of the process. As you can tell right
6:17:39here, this is a very strong level of
6:17:41resistance. And this right here was the
6:17:44resistance structure, structure,
6:17:46structure, structure. We can go to the
6:17:48line chart to go ahead and confirm that.
6:17:50And once we look at that here on the
6:17:52market structure chart, we can see that
6:17:55this was creating structure points. I
6:17:57don't know why. There it is. So we have
6:17:59one,
6:18:01one, two, three, four, and five. Very
6:18:05clean and obvious area of interest. I
6:18:08would not count that one because the
6:18:09candlestick isn't that clean. One, two,
6:18:11and three, and four, and five. We break
6:18:14this area. We retest it. We head to the
6:18:16upside. Break and retest happens every
6:18:20single day on every single possible
6:18:23market that you could imagine. This is
6:18:24probably one of the most textbook things
6:18:26that happen in the market. And
6:18:28personally, it's one of my favorite
6:18:30continuation patterns. So, a break and
6:18:32retest is a continuation pattern that
6:18:36happens once you are looking to either
6:18:38go with the trend or get out of it. But
6:18:41a break and retest is a trade
6:18:43continuation pattern because this is
6:18:44breaking out of this area and it's
6:18:47continuing in that direction. This right
6:18:49here, as you can tell, this was bullish
6:18:51in this example. It broke above, created
6:18:53the new higher high. It retested it.
6:18:55Trade continuation pattern. Again, I can
6:18:57show many more examples of it reversing
6:18:59and then just going in the complete
6:19:01opposite direction. But break and retest
6:19:03is a trade continuation pattern with the
6:19:06market that it's going to be break and
6:19:07retesting for. Now breakout works the
6:19:11same exact way. So I call breakout the
6:19:13little brother of break and retest. So
6:19:15we have breakouts and that's the example
6:19:18that I was giving. Once we actually have
6:19:19the breakout of the area, you can enter
6:19:21the trade once it breaks out without the
6:19:23retest. I first like building the
6:19:25foundation on break and retest because
6:19:27personally myself, I want to trade with
6:19:30as many possible confluences that I can
6:19:32and having that extra retest is going to
6:19:34be that extra confirmation. At no point
6:19:36do I want to have overexposure in the
6:19:39markets just because I want to enter a
6:19:41trade. I always want to be as less
6:19:43exposed as I possibly can. So that's why
6:19:45I always create the base off of the
6:19:47retest. And if sometimes I get the
6:19:49breakout, sure, I could decide if I want
6:19:50to enter the trade at that time, but I'm
6:19:52going to make sure that I have in my
6:19:53mind that I need the retest in order for
6:19:55me to actually enter the trade. But
6:19:57break and retest is the exact same
6:19:59thing. You either enter at the breakout
6:20:00once it breaks out with the body
6:20:02candlestick closing above or you can
6:20:04then wait for the retest. Sometimes you
6:20:06might miss out on some trades. Sometimes
6:20:08you might avoid some losses. But break
6:20:10and retest. Breakout is the most
6:20:13textbook trade continuation pattern
6:20:15known to exist. So now at this point you
6:20:18understand the law, right? You
6:20:20understand the different types of
6:20:21markets that you could be trading. You
6:20:22probably know how to understand top
6:20:24analysis and see if something is bullish
6:20:26or bearish. you know on what sections of
6:20:28the market to actually focus on because
6:20:30the market is huge. There could be a lot
6:20:32of noise either at the top or the bottom
6:20:34or at the middle or and you simply don't
6:20:36know where to actually go and find the
6:20:38proper area for you to go ahead and
6:20:39execute the trade. So now you know the
6:20:41difference between actually finding the
6:20:42top or the bottom of the market, knowing
6:20:44where the market is, and most
6:20:45importantly being able to place that
6:20:46area of interest, and how an area of
6:20:48interest could be combined with the
6:20:49weekly and the daily, and that you only
6:20:51need an area of interest on the weekly,
6:20:53and you only need an area of interest on
6:20:55the daily. You don't need an area of
6:20:57interest on the 4 hour, the 2 hour, and
6:20:58the 1 hour, the 30 minute, or the
6:21:0015-minut. Those time frames, the area of
6:21:02interest is simply not going to be as
6:21:04respected. Can you apply the same
6:21:05principle to it? Sure. But it's just
6:21:07going to be a lot more high risk, and
6:21:08it's not going to make sense. I
6:21:10personally myself I I think trading
6:21:12already is as a risk as it is because
6:21:14the outcome is not guaranteed and I want
6:21:16to minimize that risk as much as I
6:21:17possibly can by simply having the most
6:21:20amount of confluences or reasons in my
6:21:22favor and making sure that you're on the
6:21:24higher time frames is that so now that
6:21:27you understand all of that you kind of
6:21:29have to like read the more important
6:21:30candlesticks in front of the markets
6:21:32right because the candlestick the
6:21:33markets are full of candlesticks all
6:21:35different types of candlesticks but
6:21:36there's certain candlesticks that stand
6:21:38out and are key candlesticks in the
6:21:40chart. And these candlesticks that I'm
6:21:42about to educate you on right now are
6:21:44basically the top performing
6:21:46candlesticks in the market. And they
6:21:48happen everywhere in the chart. They
6:21:50happen at the areas of interest. They
6:21:52happen in the middle of the chart where
6:21:53there's no area of interest. They happen
6:21:54literally. They happen everywhere.
6:21:56Anywhere that you can think of, it's
6:21:57going to happen. But where they have the
6:21:59most impact is at those areas of
6:22:01interest and at key points in the
6:22:02markets. Now, I'm going to teach you
6:22:04these patterns right now just so you can
6:22:06have them in the back of your mind and
6:22:08then you can go look for them when you
6:22:09actually see the market. You're going to
6:22:11see them randomly throughout the market.
6:22:12And I just say they have a 70% of the
6:22:14time where they are actually respected.
6:22:16But once they're at a key point in the
6:22:19middle of the chart where there's no
6:22:20area of interest, where there's no
6:22:21respected point, they're not supposed to
6:22:22be rejected because there's just simply
6:22:24no reason for them to actually respect
6:22:26that. So, you got to make sure that you
6:22:28read these candlesticks for what they
6:22:30are and where they're supposed to be
6:22:32because yes, you're going to get them in
6:22:34the middle of the chart, but doesn't
6:22:35mean that you just trade them because
6:22:36they happen in the middle of the chart.
6:22:37Once again, they need to happen at a key
6:22:39area of interest. So, let's break down
6:22:41these points. Right now, I'm going to be
6:22:43sharing with you these candlesticks that
6:22:44these are the only candlesticks that you
6:22:46need to prioritize when it comes to
6:22:48analyzing the market. Is there other
6:22:50formations? Yes. I don't know any other
6:22:53formation that works anywhere near
6:22:54remotely as much as these. And I'm
6:22:56actually going to be eliminating some of
6:22:58these just because they're a bit complex
6:22:59and they're not as strong. It's only one
6:23:01of them. And I'll be explaining why in
6:23:03just a second. Right. So, I'm going to
6:23:05be showing you bullish candlestick
6:23:08patterns, which are going to be these
6:23:09patterns right here. And then I'm going
6:23:11to be showing you bearish candlestick
6:23:12patterns. Whatever I show you on one
6:23:14side, it's pretty much the same thing,
6:23:15but just opposite on the other side.
6:23:17Right? So, I want to I want you guys to
6:23:19have a clear understanding of exactly
6:23:20how it works. Once again, so you have
6:23:23the open of the candlestick. So let's
6:23:24say this is a bullish candle. So this is
6:23:26a bullish candlestick how it opened and
6:23:29then this is how it closed. This is the
6:23:32highest points in the candlestick which
6:23:34is where the wick is. And then this is
6:23:35the lowest point where the candlestick
6:23:37was which is where the bottom of the
6:23:38wick is. Same exact thing right here.
6:23:40You have the open of the markets. Then
6:23:43the market closed down here. But once
6:23:45upon a time it was a green candle
6:23:47creating a wick up here. And once upon a
6:23:49time was a very strong red candle all
6:23:50the way down here. But the market has
6:23:52closed at this point. So this right here
6:23:54is how the wicks get formed. And I just
6:23:56want to give you guys a very detailed
6:23:58breakdown explanation. I know we've
6:23:59talked about it already and I've shown
6:24:00it to you, but I think a visual image
6:24:02like this is going to help. One of the
6:24:05main reversal candlestick patterns is
6:24:08going to be a dogee and a spinning top.
6:24:10So a dogee is very obvious that there's
6:24:13a lot of indecision in the market. Both
6:24:15of these right here are indecision in
6:24:17the markets. But a full dogee is a much
6:24:20more clear indecision in the market. A
6:24:22dogee is when the market basically
6:24:24closes as a cross or closes as a plus
6:24:28sign, however you want to see it. But
6:24:29what matters is that there is no body in
6:24:33this candlestick. So, as you can tell,
6:24:35in this example right here, there's a
6:24:37green body and then there's a red body,
6:24:39which leads you to understand that it
6:24:41closed a little bit more in one
6:24:43direction versus the other. Even if it's
6:24:45something as small as that, there's a
6:24:47little bit more red, there's a bit more
6:24:49strong sellers, or they close green,
6:24:50there's a bit more green, there's a bit
6:24:52more buyers. If it closes as a complete
6:24:54dogee like this, it's a that the market
6:24:57is completely standill, right? The
6:24:58buyers and the sellers cannot make up
6:25:00who's stronger or who is weaker. and
6:25:02then it stayed with the body like this.
6:25:04This is a great point as an indecision,
6:25:06right? This is good for you to
6:25:08anticipate a continuation move to in
6:25:10your direction or this is just so you
6:25:12have an idea how the market is moving.
6:25:15If I personally see the daily time frame
6:25:17that is having an indecision like this
6:25:19after it comes back to a strong area of
6:25:22interest, logically in my mind, I'm
6:25:24going to determine that as a slowdown in
6:25:27price. If I see a dogee like this
6:25:29example right here, after I see a market
6:25:32that I've had a very strong push up and
6:25:35then on this push up, we are retesting
6:25:37this area of interest. Price is back at
6:25:39this area of interest. This is a very
6:25:41wellrespected weekly and daily area of
6:25:43interest, for example, that they both
6:25:44overlap. And then at this area of
6:25:46interest, I then get a dogee candlestick
6:25:49that is leading me to understand that
6:25:51this pullback is potentially stopping.
6:25:54And now the buyers that are at this
6:25:56support level are going to hold price to
6:25:59the upside. That right there to me is a
6:26:01great indication that this market is now
6:26:03slowing down and that the next
6:26:05candlestick could potentially be an
6:26:07engulfing rejecting this area. Now, if I
6:26:10were to pick in between both of these,
6:26:12if I were to pick in between a dogee or
6:26:14a spinning top, I would obviously much
6:26:16rather have a bullish spinning top
6:26:18because then that just means that the
6:26:19buyers are a bit stronger than the
6:26:21sellers. But having a dogee isn't a red
6:26:24flag either. It is equally as strong.
6:26:26But just understanding that this just
6:26:28means undecision in the market. And this
6:26:30means that there's a bit more on either
6:26:32side depending on which one the body
6:26:34closes in. Nonetheless, this could be
6:26:37used as a perfect reversal and showing
6:26:39you that the market is ready to move in
6:26:41the other direction. That means that the
6:26:43market has been battling to go to either
6:26:45side and it couldn't make up its mind
6:26:46and it closed like this. Now remember
6:26:49key note for this. The higher the time
6:26:51frame,
6:26:54the stronger the formation.
6:26:57If you go down to the one minute time
6:26:59frame, you're going to get these
6:27:00formations that form every single
6:27:03minutes. If you're going to go to the to
6:27:04the 30 minute time frame, these
6:27:06formations happen every 30 minutes. Why?
6:27:09Because it just it it moves a lot more.
6:27:11It's a lot more volatile. The
6:27:13probability of it happening is a lot
6:27:14easier. I like using these candlesticks
6:27:17to have my entry or to determine if I'm
6:27:19going to enter a trade based off of
6:27:21like, yes, the 30 minute, the one hour,
6:27:23the two hour. But where I like to use
6:27:25these indecision candles, and I'm going
6:27:26to teach you how to use them later on,
6:27:28is on the higher time frame. Seeing a
6:27:30daily dogee like this at an area of
6:27:32interest, having a full 24hour
6:27:35candlestick battle up and down and close
6:27:37at an undecision candlestick like this,
6:27:39that is amazing. Seeing a 4 hour
6:27:42candlestick like this, it's also good
6:27:44because it's four hours. But then seeing
6:27:46a one hour candlestick, it's okay. And
6:27:48then a 30 minute just loses less value.
6:27:51The longer it takes for this to be
6:27:52created, the more respect I'm going to
6:27:54give to it. But this as a whole could be
6:27:58used as a reversal and showing slowdown
6:28:01in the direction that I'm interested in
6:28:03taking the trade. This is just a very
6:28:05educational candlestick and it's
6:28:06something that I use on every single
6:28:09time frame just on the higher time frame
6:28:11obviously the more respected it's going
6:28:13to be. Moving after that we then have
6:28:17the hammer and the inverted hammer. So
6:28:20this is basically very similar to the
6:28:22spinning top but this is something that
6:28:24would happen once we have reached this
6:28:26support level and then we basically
6:28:28close with little to no wick on the
6:28:31upside. So this means that the momentum
6:28:34is extremely strong and the market
6:28:36opened up. Sellers brought this price
6:28:39all the way down, but buyers were so
6:28:41strong that it brought it all the way up
6:28:42and actually had it close to the upside
6:28:45with that momentum. So this was going to
6:28:48be a dogee where it was going to be a a
6:28:50full cross, but then the buyers were so
6:28:52strong that actually made it end up
6:28:54closing to the upside. This right here
6:28:56is an additional very strong and very
6:28:58powerful reversal pattern. I like to
6:29:00have this one as well as once you have
6:29:02approached a support level because then
6:29:04this is showing that we are obviously
6:29:05rejecting it and then we have taken out
6:29:07the lows. Next we have the inverted
6:29:10hammer. So the inverted hammer is
6:29:11actually what is like what I like to
6:29:13call a wick fill. So that wick right
6:29:16there because it's happening in the
6:29:18favor of the direction that we are going
6:29:20in is where the next candlestick could
6:29:22anticipate to then fill that. We notice
6:29:25this next candlestick has filled that
6:29:27perfectly. So if the do if the wick is
6:29:29to the downside, it's a rejection. If
6:29:31the wick is to the upside, it's a fill.
6:29:34Only if we're at an area of interest.
6:29:36Now, this could again work on the 1
6:29:38hour, the 4 hour, the daily, the higher
6:29:40the time frame, the better. So if this
6:29:42right here, you get it, that's great.
6:29:44That's a rejection. Could the next
6:29:46candlestick from that be a bullish
6:29:48engulfing? Yes. If this is a wick like
6:29:51this, could the next candlestick be a
6:29:52bullish engulfing? Yes. They're both
6:29:54equally as strong. I just personally
6:29:56like the wick fill a bit more. Just
6:29:58really depends on the trade. But don't
6:30:00get me wrong, a strong wick or a strong
6:30:02hammer is a very strong rejection. Next
6:30:04is a dogee is a dragonfly dogee. So this
6:30:08is the [ __ ] that I'm talking about.
6:30:09This is pretty much the same [ __ ] as
6:30:11this. They just decided to make the body
6:30:13a little bit smaller. And at the end of
6:30:14the day, I'm going to call it a hammer
6:30:16or a dogee. No matter what. You might
6:30:17see me call it dogee more than dragonfly
6:30:20or a hammer. But this is the exact same
6:30:22thing. I don't want to waste your time
6:30:24or get you distracted on having to
6:30:26remember the dragonfly dogee when it's
6:30:29pretty much the same [ __ ] as the hammer.
6:30:31It just has a smaller body, but it means
6:30:33the exact same thing. One is not
6:30:35stronger than the other. The one that is
6:30:38stronger than all of these is going to
6:30:39be the actual bullish engulfing
6:30:42candlestick. So, this bullish engulfing
6:30:44candlestick is one of my favorite
6:30:46reversal patterns because this
6:30:48candlestick is showing power. is showing
6:30:50strength and is showing that we are
6:30:51literally going in the complete opposite
6:30:53direction. It is showing that we are
6:30:55literally engulfing the bears and we are
6:30:58going with the buyers. This candlestick
6:31:00needs to engulf the last candlestick and
6:31:02then the previous one minimum to be
6:31:04considered as a bullish engulfing
6:31:06candlestick. That's how I personally
6:31:08consider the bullish engulfing
6:31:09candlestick. Others like for it to just
6:31:11be the previous small candle. I like for
6:31:13it to engulf a minimum of two candles
6:31:15just to show the strength of it because
6:31:17that is what's going to lead me to enter
6:31:19the trade and have more confidence that
6:31:21it's going to go in that direction. So
6:31:23if you have a bullish engulfing that
6:31:25means you want to buy in that direction.
6:31:27And once again that would happen at a
6:31:29support level. If you have a dogee or if
6:31:31you have a hammer or if you have a
6:31:34inverted hammer, whatever you want to
6:31:36call it. And then the candlestick after
6:31:38that is going to be a bullish engulfing
6:31:40candlestick engulfing the hammer and
6:31:41then the bearish candlestick that it was
6:31:43right here. That right there is the
6:31:45perfect formation in my opinion. And
6:31:47that is also known as the morning star
6:31:51formation. This pierce line and I just
6:31:54jumped right through it. This is [ __ ]
6:31:55[ __ ] I don't even know what this
6:31:57is. This is just they made up this
6:31:58formation. In my opinion, it's not even
6:32:00real. They just try to like take value
6:32:03away from the bullish engulfing and
6:32:05validate something when it's not there.
6:32:07If it's not a bullish engulfing, it's
6:32:09not a pierce line. They try to make
6:32:12something out of nothing. No, if it's
6:32:14not an engulfing, it's not strong
6:32:15enough. I'm not taking the trade. I am
6:32:17good. And trust me, I tried to figure
6:32:19this [ __ ] out for way too long. And then
6:32:20later throughout my journey, I realized
6:32:22that I was just wasting my time. and it
6:32:24makes more sense to just focus on one
6:32:26good candlestick formation and that's
6:32:29it. My favorite and above all is going
6:32:32to be the morning star formation. The
6:32:35morning star formation or the morning
6:32:37dogee star formation, but once again
6:32:40it's the same [ __ ] They've pretty much
6:32:41just added an additional verb to it is
6:32:46going to be that this candlestick has
6:32:48engulfed both of these candlesticks and
6:32:50it has that dogee that I was just
6:32:52explaining. Either you have this bearish
6:32:53candlestick right here and this one
6:32:55engulfs or if you have the shooting star
6:32:57to the downside, you have a bullish
6:32:59engulfing candlestick with the dogee.
6:33:01That right there is a morning star
6:33:02formation. This is my favorite end all
6:33:05be all candlestick formation because
6:33:08what it essentially does is it combines
6:33:11the bullish engulfing and it adds it in
6:33:13with the inverted hammer or the dogee.
6:33:17And you you're putting the engulfing and
6:33:19the dogee together. Now, obviously, if
6:33:22this example right here
6:33:25were to have a wick like that, even
6:33:28better. But if it doesn't, it's fine.
6:33:30All that matters is that this
6:33:31candlestick has engulfed the last two
6:33:34candles. And that is what makes it a
6:33:35morning star formation. Last but not
6:33:38least, and definitely least is going to
6:33:40be this right here, the three white
6:33:43soldiers, and then the three black
6:33:45crows. I I I don't know how it goes from
6:33:47white soldiers to then black crows. I
6:33:50don't even know how how this makes any
6:33:52sense. This candlestick formation is not
6:33:53even a real thing. If you ask me, it
6:33:56looks exactly the same as the three
6:33:58cloud clover. This threecloud clover
6:34:00looks exactly the same as the three
6:34:02black crows. Three black three red
6:34:05candlesticks, three red candlesticks.
6:34:06Looks exactly the same to me. These
6:34:08formations are total [ __ ] and
6:34:10they're simply a waste of time and
6:34:12there's no need to even focus on them.
6:34:14it makes more sense to just focus on a
6:34:15formation that actually makes sense like
6:34:17the morning star formation, the bullish
6:34:20engulfing, and then the hammer. That is
6:34:22all you need when it comes to these
6:34:24candlesticks. Now, for the bearish
6:34:26examples, it's pretty much the exact
6:34:27same thing, just the complete opposite.
6:34:29The shooting star is going to be
6:34:31happening at a rejection as it's going
6:34:33to be happening at a resistance. So, if
6:34:35I just delete all this right here real
6:34:37quick, the shooting star, you want it to
6:34:39be at a resistance. So, let's say this
6:34:40market is trending to the downside and
6:34:43now we are retesting this resistance
6:34:45level right here. This resistance you're
6:34:47at this resistance level and then once
6:34:49again the camera battery has died. I
6:34:52guess I'm definitely I've been doing
6:34:54this for a while now. I don't even know
6:34:55how much time I'm into this video. But I
6:34:58will tell you this, I'm loving it. I am
6:35:00very committed to continue doing this
6:35:02right now. One second. And we're back
6:35:03over here now with the other camera
6:35:05angle. So over here on this bearish
6:35:07example, we have this market being a
6:35:10bearish trending market and we are at
6:35:12this resistance level where we're going
6:35:14to potentially be using it as
6:35:16resistance. Now these market
6:35:17indications, these market patterns are
6:35:19going to actually give us the indication
6:35:21that we're actually rejecting it. So
6:35:23once again, price could come into this
6:35:25resistance level and then give us a
6:35:26shooting star. Whether it be with a very
6:35:29small body, whether it have a small
6:35:32body, so it looks like a dogee. So it
6:35:34looks like a hanging man or a shooting
6:35:36star. As long as we have some type of
6:35:38rejection at this area of interest, it
6:35:40is considered in my opinion a dogee. So
6:35:43this gravestone dogee, this formation
6:35:45right here is the exact same thing as
6:35:48the hanging man and the shooting star in
6:35:50my opinion. Now, if you combine that
6:35:52with the bearish engulfing candlestick,
6:35:54that is where you have the beautiful
6:35:56formation, whether it's a dogee or a
6:35:58shooting star or a hammer, a however you
6:36:01want to call it. I just call them
6:36:02dogeis, honestly. It's just so much
6:36:04[ __ ] easier. So then this bearish
6:36:06engulfing candlestick is what's going to
6:36:08give you that beautiful end all be all
6:36:11evening star formation. This is the most
6:36:13beautiful formation, morning star and
6:36:16then evening star formation. And once
6:36:17again, this right here, they just
6:36:19figured out a way to remix it and add
6:36:21the actual dogee into it, but it's all
6:36:23the exact same thing. As long as the
6:36:25candlestick engulfs the last two, you
6:36:27have a beautiful formation where you
6:36:29have a combination of a shooting star
6:36:33and an engulfing candlestick, which
6:36:35makes the morning and evening star
6:36:36formation. Now, these candlesticks,
6:36:39you're literally going to see them
6:36:39everywhere, right? We can come here into
6:36:41the chart and then look at this for
6:36:42example right here. This right here is a
6:36:44bullish engulfing candlestick. This
6:36:47candlestick has engulfed this
6:36:48candlestick. Guess what happened after?
6:36:50Continuation push. Here we have a pull
6:36:52back to the to the to this retracement
6:36:54break and retest. What do we have here?
6:36:56A beautiful hammer, shooting star,
6:36:58dogee, whatever the actual name was.
6:37:01It's that it's that type of candlestick.
6:37:03What's the candlestick you get after? A
6:37:05beautiful bullish engulfing candlestick
6:37:07that eats the last two candlesticks.
6:37:10This right here is my formation of a
6:37:13perfect morning star formation. This
6:37:15right here is a beautiful formation
6:37:18continuing to this area over here.
6:37:20Bullish pin bar rejection. Beautiful
6:37:22continuation push to the upside. What do
6:37:24we have here? A beautiful morning star
6:37:27formation with these very very long
6:37:29dogee wicks showing this indication that
6:37:32we are indeed rejection. Meaning once
6:37:34upon a time we're fully red, we
6:37:35rejected. We were fully red, we rejected
6:37:38and we closed bullish. Obviously look
6:37:40what happened after. So, as you can
6:37:43tell, things were never going things are
6:37:44never going to come out exactly textbook
6:37:46how they are here in the picture, right?
6:37:48I wish. But I'm not here to sell you a
6:37:50fantasy. I'm not here to sell you a
6:37:52dream. I'm here to tell you [ __ ]
6:37:53straight up how it is. It's never going
6:37:55to be perfect, picture perfect, exactly
6:37:57like this. It's going to have the
6:37:58formation and then it's going to be a
6:38:00little bit ugly. Kind of like when you
6:38:02go on a date with a girl you meet on
6:38:03Tinder. Like on the pictures, they all
6:38:05look great, but when you meet them in
6:38:07person, it's all like,
6:38:09"Whatever, I'll do it. [ __ ] it. I'm
6:38:10already here kind of vibe, right? And it
6:38:13ends up being a great time. It's the
6:38:15exact same thing. This, for example,
6:38:17right here is a perfect dogee bullish
6:38:19engulfing candlestick break and retest
6:38:22of this area of interest. You buy. You
6:38:24see how now we're combining all of the
6:38:26things at the exact same time. We have
6:38:28this very strong trend, right? This is
6:38:31obviously being a bullish market. We
6:38:33have a break of this strong resistance.
6:38:36We have a retest. We have a morning star
6:38:38formation with a dogee. That right
6:38:40there, just right off the top of the
6:38:41bat, I just gave you five confluences on
6:38:43why you should take this trade. You have
6:38:45two time frames in sync. You have area
6:38:47of interest. You have breaking retest
6:38:49and then you have a morning star
6:38:50formation. Five confluences in 30
6:38:53seconds on everything that I have just
6:38:54taught you in this video could have
6:38:56easily gotten you to enter this trade at
6:38:58this retest. Have a very simple
6:39:00stop-loss and with a 1 to2
6:39:01risk-to-reward, you could have made 118
6:39:04pips. You multiply whatever you were
6:39:06going to risk times 118. This is easily
6:39:08a5 to $10,000 trade. Just showing you
6:39:10guys how simple it is. And I'm just
6:39:12educating you guys on things that you
6:39:14are already seeing and I have been
6:39:15showing you, but you just didn't even
6:39:18know that they were there. It's almost
6:39:19like playing where's Waldo, right? When
6:39:22you play Where's Waldo, which is this
6:39:24game right here,
6:39:27you pretty much don't know where he is.
6:39:29But as soon if as soon as I'm able to
6:39:31point out where is Waldo, you're almost
6:39:34going to be like, "Wow, was he really
6:39:35there the whole entire time?" Like, I
6:39:37already found him. So, for example,
6:39:38let's say I spotted Waldo right here,
6:39:40for example. And then once you spot him,
6:39:42I'm totally kidding. I did not spot him.
6:39:45But if you do spot him right off the
6:39:46bat, once you see him, you can't unsee
6:39:50it. It's the exact same thing when it
6:39:52comes to this training view and this
6:39:54examples right here. Once you see these
6:39:56examples, you can't unsee it. Perfect
6:40:00example of a morning star formation
6:40:02being at an area that is not valid and
6:40:04it not working. Obviously, if you notice
6:40:08right here, this is a beautiful dogee,
6:40:10shooting star, whatever. And then we
6:40:12have a beautiful morning star formation.
6:40:14It's not an engulfing because it didn't
6:40:15engulf this last candlestick right here.
6:40:17But where is this formation happening
6:40:19into? It's happening into a resistance.
6:40:22What happens after it happens into a
6:40:23resistance? Obviously, it's not going to
6:40:25respect it and then it goes to the
6:40:26downside. This is showing you the
6:40:28example that you can get these
6:40:29formations anywhere in the charts, but
6:40:32you need to get them at key areas that
6:40:34they are going to be respected. If not,
6:40:36it's just simply going to be a complete
6:40:37waste. You get all of these types of
6:40:39formations I'm talking about everywhere
6:40:41in front of the markets at every given
6:40:43point. Perfect example is right here.
6:40:45Very small morning star formation. This
6:40:48candlestick could have been bigger and
6:40:51maybe if it maybe it would have made a
6:40:52difference, but that right there to me
6:40:53is not a strong morning star formation.
6:40:56I like for that morning bullish
6:40:58candlestick to be strong. I want it to
6:41:00engulf. That right there is an
6:41:02indication that it's going to continue
6:41:03going in that direction. I want it to be
6:41:05in control. Perfect example is like this
6:41:08one right here. This right here is a
6:41:10beautiful morning star formation.
6:41:11Bullish engulfing candlestick. It ate
6:41:14the last two candles. Beautiful push to
6:41:16the upside. This right here is an
6:41:18evening star formation and then it did
6:41:21not really engulf this candlestick right
6:41:23here. So, we had a little bit of a push
6:41:25but then we continued going to the
6:41:27upside. This right here is a very clean
6:41:30bearish engulfing candlestick and then
6:41:32we had a very strong push to the
6:41:34downside. Very clean evening star
6:41:35formation right here as well. We're
6:41:37using this as a resistance point right
6:41:39here. And then guess what? Price has a
6:41:41beautiful evening star formation.
6:41:44Beautiful push to the downside down
6:41:46here. We have a morning star formation.
6:41:49This candlestick never really engulfed
6:41:51this one. So what happens? We break to
6:41:53the downside. This candlestick engulfs
6:41:55this candlestick. Beautiful push to the
6:41:57upside. This right here is a beautiful
6:42:00morning star formation. This right here
6:42:02is if I were to pick a formation that I
6:42:04can have time over time over time again,
6:42:07it would literally be this one right
6:42:08here. Beautiful morning star formation.
6:42:10This candlestick engulfves this candle
6:42:12and this candle because this is the last
6:42:15candle. You want to make sure that it
6:42:16can engulf the body of that move, not
6:42:19the wick. You want to make sure it
6:42:20engulf the body. And if this body closes
6:42:23above the body, that is a beautiful
6:42:25engulfing candlestick of the last two
6:42:27candles and having a beautiful push to
6:42:29the upside. So, for example, this move
6:42:33right here actually had a beautiful
6:42:35bearish engulfing candlestick. It
6:42:37engulfed below this body right here.
6:42:39Simply did not have the move. There's
6:42:41times where that is going to happen as
6:42:43well. But I love when the candlesticks
6:42:45actually engulf the last body. That to
6:42:47me is the most Picasso thing the market
6:42:50can ever do. Look at these beautiful
6:42:52morning star formations backto back that
6:42:54just happened right here. This right
6:42:56here. Like I would literally screenshot
6:42:58this and frame it and put it on my wall.
6:43:00Beautiful morning star formation with a
6:43:03very slight I'm talking about a hairline
6:43:07break above the last body. That right
6:43:10there, believe it or not, is the
6:43:12difference between an engulfing and not.
6:43:15And if you were to see this one as well,
6:43:16right here, this one as well has a
6:43:18beautiful morning star formation. And
6:43:20that candlestick has very clearly body
6:43:22candlestick closed above. And look at
6:43:24the beautiful continuation push that it
6:43:26has had to the upside right after that.
6:43:29These formations are extremely powerful
6:43:31and they're going to happen time and
6:43:33time and time and time and time and time
6:43:34and time again. Like for example, this
6:43:36right here, this happened at a low of a
6:43:39market. This is a continuation pattern.
6:43:42This is not supposed to happen at the
6:43:44bottom of a market. If we're identifying
6:43:46if this is bullish or bearish, clearly
6:43:48this would have been the higher high.
6:43:50This would have been the higher low to a
6:43:53certain point right over here. My
6:43:54trading view sometimes glitches. So this
6:43:57would be the higher low. If we were to
6:43:58look at this based off of the market
6:44:00structure, this market indeed would be
6:44:02bearish, right? So this would be the
6:44:03lower low. And then this would be the
6:44:06lower high. Let's see how clean that
6:44:07looks on the candlestick chart. Arguably
6:44:10that can't be the lower high. So then
6:44:11let's say that would be the lower high.
6:44:13It's not a one clean one candlestick
6:44:15pullback. So this is a bearish market. I
6:44:17don't expect for a morning star
6:44:19formation to have a reaction on a
6:44:21bearish market. This formation is
6:44:23supposed to happen on a continuation.
6:44:26This is a continuation. If this was
6:44:28bullish, this was at a support level, I
6:44:30would expect for this beautiful pattern
6:44:32to actually have a push. But obviously
6:44:34since it's happening in a bearish
6:44:35market, it simply has no use compared
6:44:37how it would if it were to be in a
6:44:39bullish market. So that is the
6:44:41importance of learning how to use these
6:44:43formations at the right times because
6:44:45they're going to happen at all places in
6:44:47the markets. They're going to happen
6:44:48while the markets are going up or the
6:44:50markets are going down or the markets
6:44:51are going anywhere. But you need to make
6:44:53sure that you're actually applying it in
6:44:55the proper timing of the market. You
6:44:58need to apply the morning star when
6:45:00you're buying. You need to buy the
6:45:01evening star when you're when you're
6:45:03selling. It's very clean. Morning star
6:45:07when buying, evening star
6:45:13when selling. Very simple, very
6:45:15self-explanatory. Everything's straight
6:45:17to the point. So, there is hundreds of
6:45:20other formations, right? There's other
6:45:22different types of candlestick
6:45:23confirmations. There's other different
6:45:24types of confluences for you to actually
6:45:27use in your favor. But the most powerful
6:45:30ones are simply going to be the shooting
6:45:33stars and then the engulfing
6:45:34candlesticks. You use it in combination
6:45:36with a strong support level or a strong
6:45:38resistance and you already have a recipe
6:45:40to have more than a 50 to 55% odds in
6:45:43your favor of a trade going in a certain
6:45:45direction compared to the other. All
6:45:47right, ladies and gentlemen, now we're
6:45:49going to move on to the next subjects.
6:45:51Right? So, up to this point, we've
6:45:53talked about a lot. Now if at any point
6:45:56at like from this point going on forward
6:45:57you don't understand something you don't
6:45:59have clear the market structure you
6:46:01don't have clear certain candlesticks
6:46:03you don't have clear when it comes to
6:46:04the break and retest to the line charts
6:46:07to the support and resistance areas of
6:46:09interest if any of that stuff is not
6:46:11clear take a pause at this moment you
6:46:14are pretty deep into the video as it is
6:46:15already and we have talked about a lot
6:46:17of things that have taken me a very very
6:46:19very long time to actually understand
6:46:22and perfect. Now, I don't expect for you
6:46:24to perfect it right now. That will
6:46:25pretty much be impossible because the
6:46:27only thing that's going to perfect it is
6:46:29repetition and time looking at in the
6:46:30markets for yourself, setting up certain
6:46:32examples, and just going over it over
6:46:34and over and over and again. I didn't
6:46:36perfect this until about four and a half
6:46:38years in my journey simply because I
6:46:39wasted two years on just having a bunch
6:46:41of misinformation and then it took me
6:46:43about a year to actually really learn it
6:46:45and perfect it simply because I was by
6:46:46myself. Obviously, if I was with a
6:46:48mentor, I was with somebody that would
6:46:49teach me live every single day, kind of
6:46:51how I do every single day with my
6:46:52students, that would have actually
6:46:53escalated and shortened my journey, it
6:46:56would have excellated the amount of
6:46:58knowledge that I actually learn with
6:47:00stuff that matters and it would have
6:47:02removed all the other [ __ ] So, I
6:47:04wish I knew that earlier, but obviously,
6:47:06you know, that's why I'm doing this
6:47:07video now for you guys. So once again,
6:47:08if at this point into the video there is
6:47:10something that is unclear, pause, go
6:47:12back, refresh your notes, watch it over
6:47:14because what we are going to be talking
6:47:16about now are going to be pretty
6:47:17advanced stuff and it's going to have
6:47:19everything intertwin and everything
6:47:21connect together. Market structure is
6:47:22going to come together with patterns,
6:47:23patterns going to come together with
6:47:25indicators. All of this is going to
6:47:26start coming together. What is a
6:47:28intercooler? And now we're going to put
6:47:30all that together which is going to make
6:47:31the engine work. So that's exactly what
6:47:33we're going to get into. Now things are
6:47:35going to get very very very
6:47:38uh how do I say it? Um
6:47:42interesting from this point forward.
6:47:43Right? So all I can say is pay
6:47:44attention. Don't watch this video on two
6:47:46speed. Watch it on one speed. Just make
6:47:48sure you're actually doing this
6:47:49effectively. Right? So the last topic
6:47:52that we have talked about was break and
6:47:55retest. Right? Break and retest. We
6:47:57understood that's when something
6:47:58literally has the break of an area. We
6:48:01then retest it to continue going to the
6:48:03upside. So that right there is going to
6:48:04be a trend continuation pattern. That is
6:48:08my favorite trend continuation pattern
6:48:10when it comes to the break and breakout
6:48:12retest. Breakout, break and retest are
6:48:14trend continuation patterns. Now there
6:48:16is reversal patterns. So these patterns
6:48:20also let you know that the market is
6:48:22going to go in the opposite direction.
6:48:25So a reversal means that something is
6:48:27going to go the other way. What is a
6:48:28pattern? A pattern is something that has
6:48:30happened in the past. So a reversal
6:48:32pattern is a pattern that's going to
6:48:33tell you the market is going to shift.
6:48:35So the main and once again there is
6:48:38hundreds of reversal patterns out there,
6:48:40right? So I can go here into this
6:48:41pattern section and you know you're
6:48:43going to get the X A B C D Y pattern. I
6:48:46don't even know how to place this [ __ ]
6:48:48but yes, there you can get any endless
6:48:50amount of examples. You can get whatever
6:48:53this is right here. And I would never
6:48:54know how to teach you this because I've
6:48:56never used it. I can only teach you the
6:48:58one and only pattern you are going to
6:49:00need and that is going to be the head
6:49:02and shoulders pattern. Now once again if
6:49:05you have seen me anytime in the past
6:49:08trade, if you have seen any of my clips,
6:49:10if you have seen me anywhere on social
6:49:11media, you would know that I have made
6:49:14so much money off of this pattern right
6:49:17here. This is my go-to pattern. Like
6:49:19this is my [ __ ] right here. I use this
6:49:21every single day in the market. I wait
6:49:23for this pattern to create. And it's not
6:49:25so much about the actual pattern, it's
6:49:27what this pattern actually means and how
6:49:30it does it. And I'm going to make it
6:49:31make sense in just a second. Right. So
6:49:34my favorites and the only reversal
6:49:36pattern that you're going to need is
6:49:38going to be this head and shoulders
6:49:40pattern. This is where you have a left.
6:49:42This is where you have a head. And then
6:49:44this is where you have a right shoulder.
6:49:46So a regular head and shoulders pattern
6:49:48is a reversal for this market to
6:49:51continue now going to the downside. This
6:49:54head and shoulders pattern gets formed
6:49:56and you guys should be writing this
6:49:57down. This gets formed at the high of a
6:50:00market or at a resistance level, excuse
6:50:02me. And then you have this reversal
6:50:04pattern that then lets you know that the
6:50:06market is now going to start shifting to
6:50:08the downside. At the bottom of a trend,
6:50:10you will then get what is called a
6:50:12inverted head and shoulders, which is
6:50:14literally the complete opposite. But
6:50:16this is now a reversal pattern to let
6:50:18you know that this market is now going
6:50:20to go to the upside. So there's a big
6:50:23difference in between a reversal pattern
6:50:24and a trend continuation pattern.
6:50:26Reversal patterns literally mean the
6:50:28market is going to shift the other way.
6:50:30Trade continuation patterns like the
6:50:32break and retest are when market is
6:50:34continuously going in that direction.
6:50:36These right here are constant break and
6:50:38retest to the upside. These right here
6:50:40are constant break and retest to the
6:50:41downside. These right here are constant
6:50:43breakouts. Break and retest to the
6:50:45upside. This right here is a reversal
6:50:48pattern and it changes the trend of a
6:50:50market. This right here is a reversal
6:50:51pattern and it changes the trend of the
6:50:53market. Now once again this reversal
6:50:56pattern and like every other pattern,
6:50:58every other important point in the
6:51:00market, this head and shoulders pattern
6:51:02is done to call it head and shoulders is
6:51:06done to the market structure. So what do
6:51:10I mean by that? Well, that is done to
6:51:12the bodies of the candlestick. We are
6:51:14not including the wicks at no point when
6:51:16identifying a head and shoulders. I'm
6:51:18going to teach you guys how to put this
6:51:20up on the chart right now, but I want to
6:51:22educate you guys on the head and
6:51:24shoulders first. And everything that
6:51:25we're going to be doing is based off of
6:51:27market structure. So, this is what a
6:51:29pretty head and shoulders looks like,
6:51:31but a real head and shoulders might look
6:51:34something like this, for example. Might
6:51:37be at a slant. You might get a head that
6:51:40is a little bit smaller than the right
6:51:42shoulder. And then you will get
6:51:44something like this. You can also get a
6:51:46head and shoulders pattern that can be
6:51:48something like this. A big left
6:51:51shoulder, a big right shoulder, and a
6:51:52small right shoulder. Vice versa, you
6:51:55can get a very small right shoulder and
6:51:57a very big right shoulder. You can get
6:51:59the structure point to be up here. You
6:52:01can get the slanted head and shoulders
6:52:03this way. You can get the slanted head
6:52:05and shoulders like this. The head and
6:52:07shoulders is never going to be a
6:52:08beautiful textbook head and shoulders
6:52:10pattern like this. Does it happen? Yes.
6:52:13But I will never aim to always have a
6:52:15perfect one. The head and shoulders
6:52:17pattern is valid as long as it breaks
6:52:22the neckline. Now, what does that mean,
6:52:24Alex? What do you mean breaking the
6:52:25neckline? Well, the head and shoulders
6:52:27pattern. Yes, it is a head and shoulders
6:52:29pattern. But what is this right here?
6:52:32Right? Give me one second. What is this
6:52:36right here? This right here was a higher
6:52:38high. This right here was a higher low.
6:52:41What is this right here? That is a shift
6:52:44of structure. That is a change of
6:52:46character. That is a break of structure.
6:52:49This is now bearish. Right? You got that
6:52:51right? Confirmed. Now, this right here,
6:52:53what is that right there? That is our
6:52:56potential right shoulder. So, without
6:52:59you guys even realizing, I have been
6:53:01showing you guys the head and shoulders
6:53:02this whole entire time. Like, if you
6:53:04guys go back into this recording, just
6:53:06go back five minutes, for example. Just
6:53:08click the arrow back. you guys are going
6:53:09to see that I've been showing you the
6:53:10head and shoulders this whole entire
6:53:12[ __ ] time is that I just never really
6:53:14exposed it to you. And now that I
6:53:16explain to you what it is, it's almost
6:53:17like, oh my god, it's been right in
6:53:18front of me the whole entire time. Just
6:53:20haven't realized it. But there is a big
6:53:22difference in between a valid head and
6:53:24shoulders and a invalid head and
6:53:26shoulders. Now, this right here is a
6:53:29valid head and shoulders because we have
6:53:32broken this neckline. Since we have
6:53:34broken this neckline, this is a valid
6:53:38head and shoulders. Now, this right here
6:53:41is not a valid head and shoulders. We
6:53:45all know this, right? We know that this
6:53:47right now is a higher low and that this
6:53:49is a higher high. We have gone through
6:53:51this 100 times already. This is a higher
6:53:54high. This is a higher low. And we know
6:53:57since we have not broken below this, we
6:53:59are still bullish. This market is still
6:54:01very much bullish. That is the higher
6:54:03low. That is the higher high a reversal
6:54:06pattern which is exactly what the head
6:54:09and shoulders is. It needs to be a
6:54:11reversal pattern. Now what is the best
6:54:13indication to let us know that this is a
6:54:15reversal pattern? That we have shifted
6:54:16the structure. That means that this
6:54:18market is now changing from bullish to
6:54:20bearish. It is shifting. It is breaking
6:54:22the structure. So there's two ways that
6:54:25the head and shoulders could be valid.
6:54:27The head and shoulders could be valid
6:54:29either if the head breaks the neckline
6:54:33making this the lower low and then we
6:54:36have a potential lower high for a new
6:54:38lower low. So this would be a proper
6:54:41head and shoulders shift because of this
6:54:44point right here. So you can take the
6:54:46trade either at the right shoulder or at
6:54:49the break and retest of the neckline of
6:54:52the head and shoulders. So the the way
6:54:54that the head and shoulders works is you
6:54:56can either sell at the right shoulder or
6:54:59sell at the break and retest. Selling at
6:55:02the right shoulder is extremely high
6:55:04risk. I don't recommend it unless you
6:55:05are an experienced trader. Selling at
6:55:07the break and retest of the head and
6:55:09shoulders is where it is the proper
6:55:11reversal trade confirmation because you
6:55:13have the confirmed shift of structure.
6:55:15The market has officially shifted
6:55:17bearish. Right? So if you have this
6:55:20shift right here, making this the lower
6:55:22low, technically this could come back
6:55:25here, create the lower high, then this
6:55:27is an area of interest up here, right?
6:55:28Let's just pretend like this has three
6:55:30touches over here. Yes, you can sell at
6:55:32this area of interest. This could be a
6:55:34sell. This could be your right shoulder.
6:55:36And yes, you can sell at this point
6:55:37right here. But the proper trade is to
6:55:39sell at the retest of the neckline. Now,
6:55:42the neckline is not going to be diagonal
6:55:45because of this tool. So if you place
6:55:46this tool to these structure points,
6:55:48technically it's going to come out
6:55:50diagonal. Now the neckline is going to
6:55:52be based off of the previous structure
6:55:54points which is basically where the
6:55:56higher low and the shift has been
6:55:58created which would be right here. This
6:56:00is the neckline. The neckline is not
6:56:02going to be this imaginary line that is
6:56:04gets drawn depending where the structure
6:56:06is. That's not how the neckline works.
6:56:07The neckline is right here. It's always
6:56:09going to be at an area of interest as
6:56:11well. So the neckline of the head and
6:56:12shoulders is going to be the retest of
6:56:16an area of interest. So now that you
6:56:18have multiple confluences at the same
6:56:20time, you have a shift of structure, you
6:56:22have a reversal pattern, you are
6:56:23breaking and retesting the neckline of
6:56:25the head and shoulders. And that also
6:56:26happens to be an area of interest.
6:56:28You're seeing how everything is just
6:56:30kind of coming along together, right? So
6:56:32one of the ways that you can execute the
6:56:34head and shoulders is if it indeed
6:56:37breaks this higher low and then we can
6:56:39sell at the right shoulder. if we're at
6:56:41an area of interest or we can sell at
6:56:43the retest of the neckline. That is the
6:56:45one way the head and shoulders will be
6:56:48valid. The head and shoulders will only
6:56:50be valid. And you guys should be writing
6:56:52this down. The head and shoulders will
6:56:54only be valid once we break the
6:56:57neckline. If we have not broken the
6:57:00neckline, we cannot count it as a head
6:57:03and shoulders cuz it's not a confirmed
6:57:05head and shoulders. This can basically
6:57:06come up into right here even though that
6:57:08it's bearish, right? Because this right
6:57:10here would be the lower low. And then
6:57:13this over here would now be the lower
6:57:16high. And guess what? This can literally
6:57:19create an equal move and then have a
6:57:21move to the upside. And then now we are
6:57:23bullish and we shifted above this. We
6:57:25cannot confirm that this is a head and
6:57:28shoulders until we have not broken the
6:57:31neckline. The neckline is the most
6:57:33important move for us to consider the
6:57:35valid head and shoulders. Can you take
6:57:37it at the right shoulder? Yes. It's an
6:57:39extremely high risk and that is up to
6:57:41you depending on what you want to do.
6:57:43But the proper trade is at the break of
6:57:45the neckline. Right? So this is the
6:57:46first example and this would make this
6:57:48head and shoulders very strong because
6:57:50it shifted structure once and then it's
6:57:52going to shift it structure pretty much
6:57:53for a second time over here because then
6:57:55this will turn into the lower low and
6:57:57then this would turn into the lower
6:57:58high, right? Or that's scenario one,
6:58:01meaning that the head breaks this higher
6:58:04low so it sets up the perfect right
6:58:06shoulder. Or the second way that you
6:58:08could do it is if the market is like
6:58:10this. We are still very much bullish.
6:58:13This is the left. This is the head. This
6:58:15right now instead of it cuz if you were
6:58:18to look at this market like this, at no
6:58:20point in your life are you going to be
6:58:21like, "Yeah, yeah, yeah, yeah. That's
6:58:23going to be a right shoulder." No, you
6:58:24you anticipate for this to have a move
6:58:26like this. This market structure is
6:58:27bullish. You don't expect for this to do
6:58:29this. This is bullish. You expect for
6:58:31this to continue going to the upside.
6:58:32But for this example, let's say it's
6:58:34doing something like this. Now, you can
6:58:36look at this market and be like, damn,
6:58:37that is setting up a perfect head and
6:58:40shoulders. Let me take the trade now.
6:58:42Well, you taking the trade now. One,
6:58:44you're not selling at an area of
6:58:45interest. Two, you're selling on a
6:58:47bullish market because this is the
6:58:49higher high, and then this would be the
6:58:50higher low. So, you're already doing two
6:58:52things that simply just don't make any
6:58:54sense. Go find me enough reasons for you
6:58:56to sell this trade. None. You're trading
6:58:58against the trends. You're already
6:58:59making a mistake. people try and jump
6:59:00the gun and trade based off of a
6:59:03potential head and shoulders. That's not
6:59:05a confirmation. A confirmation is when
6:59:06it actually has the break. So, this
6:59:08right here would just be the potential
6:59:11right shoulder. And this would be a
6:59:14confirmed head and shoulders once again
6:59:16once we have broken the higher low. Now,
6:59:19once we have broken the higher low, all
6:59:21we simply have to do is let price come
6:59:24back into this area, retest this
6:59:26neckline, and then we will sell. So, if
6:59:28this has broken this area, guess what?
6:59:31That means that this is now the lower
6:59:33low and this over here is the lower
6:59:35high. If this is the lower high and this
6:59:38is the lower low, what did I just teach
6:59:40you guys? I taught you guys that you're
6:59:41going to find an area of interest in
6:59:43between this lower high and lower low.
6:59:45Start working your way up and boom, what
6:59:47do you happen to find right here? This
6:59:49right here is an area of interest with
6:59:51three touches. And what a coincidence,
6:59:53it is also the neckline of the left, the
6:59:57head, and the right shoulder. That right
7:00:00there is how you're piecing together
7:00:02market structure, how you're piecing
7:00:04together area of interest, how you're
7:00:06piecing together trend and a reversal
7:00:09pattern. Everything is just coming
7:00:10together, right? And this is just one of
7:00:12the things that I'm going to be teaching
7:00:13you right now. So once again, if there's
7:00:14something that you don't have clear,
7:00:16just take a pause, go back, double check
7:00:18it, and then come back to this point
7:00:19right here. And if you're not
7:00:21subscribed, hit the [ __ ] subscribe
7:00:22button. Right. So, let's continue to go
7:00:24on with the head and shoulders pattern.
7:00:26Right now, for a bearish example, it's
7:00:30basically the exact same thing. This
7:00:32market right here was creating this
7:00:34lower low. And then this over here was
7:00:37creating this lower high, right? This
7:00:40market structure, let's just pretend
7:00:41like this market is like this. This
7:00:43right here is the lower high. this right
7:00:45here on this lower high and this lower
7:00:48low. What do we expect to happen here?
7:00:49We expect from this move right here to
7:00:51it continue to go to the downside. At no
7:00:53point do we expect for this to come over
7:00:55here and then retest this and then
7:00:57actually have a reversal to the upside.
7:00:59This right here, if you would see this,
7:01:01you would still very much count it
7:01:03bearish. Now, some people are better
7:01:06buyers than sellers. Some people are
7:01:09better sellers than buyers. It just it's
7:01:11entirely up to you. Once again, if you
7:01:13don't have a clear indication on how to
7:01:14do that, you can just flip the chart.
7:01:15But the principle applies exactly the
7:01:17same. Nothing will change if it's
7:01:18bullish or if it's bearish. It's
7:01:20literally the exact same thing, right?
7:01:22So this right here, we understand that
7:01:24this market is indeed bearish. Lower
7:01:27high, lower low. We haven't broken
7:01:29above. Nothing changes. Now, if this
7:01:31does this now, guess what? We have the
7:01:33confirmed break of this lower high,
7:01:36making this the higher high. And if this
7:01:39is the higher high, we get the head of
7:01:41the snake. The first turn, that is going
7:01:43to be the higher low. So then this turns
7:01:46into the higher low. That turns into the
7:01:49higher low. We could only find an area
7:01:51of interest inside of this higher high
7:01:53and higher low. And what a coincidence
7:01:55that it is literally at the neckline of
7:01:58this left head and right shoulder. So
7:02:01you simply draw your head and shoulders.
7:02:02Obviously, it's the exact same example.
7:02:04before I just flip the chart. But that's
7:02:05really how easy you can tell the
7:02:07difference in between one or the other.
7:02:08So in the chart is going to be exactly
7:02:10the same exactly just like this, right?
7:02:12So this right here is the lower low and
7:02:13then this over here is going to be the
7:02:16lower high. So us as traders, we do not
7:02:19enter the trade on the breakout of the
7:02:22neckline. We have to wait for price to
7:02:24come back into this area and then
7:02:27retest. And then once it retests, then
7:02:29you look for those candlestick
7:02:30formations here. Since you're looking to
7:02:32sell, you look for a bearish shooting
7:02:34star and then a bearish engulfing
7:02:35candlestick to then continue pushing
7:02:37this trade to the downside. That's
7:02:38pretty much it. That is exactly how the
7:02:40head and shoulders works. I can
7:02:42literally show you I'm talking about
7:02:44like hundreds of these examples every
7:02:46single day. I'm going to show you with a
7:02:47real life example right here. So, this
7:02:49right here is a ugly head and shoulders
7:02:52pattern. So, as you can see it right
7:02:53here, this right here will be a left
7:02:56head and then a big right shoulder.
7:02:59Guess what? We came back over here. We
7:03:02broke above the right shoulder. We broke
7:03:04the right shoulder. We retested the
7:03:06right shoulder. And then we started to
7:03:07have the push to the downside. You guys
7:03:09remember when I showed you guys this
7:03:10trade before I I was interested in
7:03:13taking it? How I was actually interested
7:03:14in taking it? Well, look how it's moving
7:03:15now. Look where it is now. All because
7:03:17of this 1 hour left head right shoulder.
7:03:20The head and shoulder is equally as
7:03:22valuable. And I mean it is used equally
7:03:24the same on every single time frame. Now
7:03:26obviously the higher the time frame the
7:03:28stronger the pattern is going to be but
7:03:30it's used the exact same way. You have
7:03:32to wait for the break of the structure.
7:03:33So for example right here if we are
7:03:35looking for this example right here this
7:03:37if we were to look at it on the market
7:03:39structure you can see how we have left
7:03:42head and right here you never really
7:03:43anticipate a right shoulder until you
7:03:45actually start to see it being created.
7:03:47So that right shoulder there is looking
7:03:48a little bit ugly but it is creating a
7:03:50right shoulder. And as you can tell this
7:03:52is the higher low. That's the higher
7:03:53high. We shifted the structure. So,
7:03:55that's a good head and shoulders that we
7:03:56like to see, but we never got the break
7:03:58of the neckline. So, or we're waiting
7:04:00for this break of the neckline in order
7:04:02for us to then actually sell this trade.
7:04:04So, as you can tell, no break of the
7:04:06neckline there. We almost broke the
7:04:08neckline. We did nothing. Went up to the
7:04:10upside. And then over here, we actually
7:04:12broke the neckline, came back and
7:04:15retested it, and then we had a beautiful
7:04:17sell to the downside. This is just based
7:04:19off of pure market structure. You can
7:04:21see here how this was a head and
7:04:22shoulders that it never broke the
7:04:24neckline. Left head and then guess what?
7:04:27This right shoulder. This was the higher
7:04:30high and then this was the higher low.
7:04:33The market never broke this higher low.
7:04:36It never completed this right shoulder.
7:04:38It never created a proper reversal
7:04:41pattern. Now, don't get me wrong. You're
7:04:43going to get these head and shoulders
7:04:44literally everywhere in the market. I'm
7:04:46talking about in the middle of the
7:04:48chart, at the top, at the bottom. You
7:04:50want to make sure that you can get this
7:04:52reversal pattern on areas that it
7:04:54actually will have a significant impact.
7:04:56You want to make sure that you're
7:04:57getting this head and shoulders pattern
7:04:59at a resistance. If you're looking to
7:05:01sell, you want to make sure you can have
7:05:02it at a support. If you're looking to
7:05:04buy, perfect example of a beautiful head
7:05:06and shoulders could be this example
7:05:08right here. Left head, right shoulder.
7:05:11Doesn't look clean on the candlestick
7:05:12chart. Don't worry. Go to the line
7:05:14chart. Be I'm talking about beautiful.
7:05:17left head and then right shoulder. Price
7:05:20broke the neckline. We came back to
7:05:23retest it and then I ended up taking a
7:05:25loss. And I'm a real one for doing this,
7:05:26you know, like I am in control of this
7:05:28video right now. I can just pause the
7:05:30video and then just go find the perfect
7:05:32example how it actually happened on that
7:05:34perfect example and then just show you
7:05:36how it wins every single time. But I'm
7:05:38not going to do that because that's
7:05:39[ __ ] up. like I'm showing you guys
7:05:40real life examples on trades that I
7:05:42personally have taken and trades that I
7:05:44have actually either made money or lost
7:05:46money on. Even if they're not as
7:05:47perfect, it it's going to, you know, it
7:05:50benefits me far more because you guys
7:05:52will like me a lot more if I just set a
7:05:54perfect example and show you how exactly
7:05:56how it looks on a perfect scale and show
7:05:58you how it works every single time. But
7:06:00that's not the reality of this. And
7:06:01that's the mistake that a lot of these
7:06:03mentors make while they're making these
7:06:04videos. They always try and find a
7:06:05perfect example just to show you so it
7:06:07makes sense. I'm not doing that. I'm
7:06:09making it make sense with real life
7:06:10examples. So you guys, when you guys go
7:06:11out there to the real world and go trade
7:06:13the real markets, you're not [ __ ]
7:06:14lost and you actually understand [ __ ]
7:06:16And even though you have a perfect head
7:06:18and shoulders pattern like this one, you
7:06:20can actually understand that there's
7:06:21still a risk of losing no matter what.
7:06:23So I'm protecting your capital. I'm just
7:06:24looking out as much as I possibly can.
7:06:26So just wanted to set that tonality
7:06:28because I've realized it throughout the
7:06:29videos that I could have done so many
7:06:30different types of examples that would
7:06:32have made me look better, but it would
7:06:33have not been the reality for you guys.
7:06:35And I just wanted to show you guys that,
7:06:37right? So for example here, this is
7:06:38another head and shoulders. How this was
7:06:40the higher high. This was the higher
7:06:42low. Price never broke the neckline. We
7:06:45remained bullish. And even though right
7:06:46here it probably might have looked like
7:06:48it was going to create a beautiful right
7:06:50shoulder from this area. It could have
7:06:52easily looked like it was going to go
7:06:53down and create a left head. Right
7:06:57shoulder, excuse me. We did that. So
7:07:00examples like these, I'm telling you,
7:07:01they are literally never ending
7:07:03throughout the whole entire video. These
7:07:05are literally everywhere in the chart.
7:07:07You're going to get them on every single
7:07:08time frame throughout any chart. I'm
7:07:10just looking to the left finding these
7:07:11head and shoulders when and if they
7:07:13happen, but they happen all of the time
7:07:16at every single place. For example,
7:07:17right here you have a beautiful inverted
7:07:19head and shoulders pattern right here.
7:07:21So, this right here is going to be the
7:07:23left. This right here is going to be the
7:07:25right I mean the head, excuse me. And
7:07:26then this is going to be the right
7:07:28shoulder. You notice price broke this
7:07:30neckline, came back, retested, beautiful
7:07:32push to the upside. Once again, if it
7:07:34doesn't look super clean, you can go out
7:07:36to the line chart and then on the line
7:07:37chart, you can see it. Left head, broke
7:07:39the lower high structure point, came
7:07:41back to create the right shoulder, break
7:07:43retest, and then it went to the upside.
7:07:46Examples like these and I want to find
7:07:48the I remember that I caught one the
7:07:49other day. I wonder where it is. And you
7:07:53know, they come very big. They could
7:07:55also come very small. So for example,
7:07:56you can see this right here as like one
7:07:58ginormous head and shoulders. For
7:08:00example, like right here, you have a
7:08:02ginormous left head and then a ginormous
7:08:05right shoulder. Or you can see a smaller
7:08:09head and shoulders right here. Left head
7:08:12and then right shoulder, for example.
7:08:15I'm telling you, these these are it's
7:08:17literally my favorite reversal pattern.
7:08:19If I go down to the 15-minut time frame,
7:08:21you're going to see it more than ever. I
7:08:22think it was NZD
7:08:25CAD. Was it NZD CAD?
7:08:28NZD CAD? No, I think it was Oh, it was
7:08:30NZDUSD.
7:08:33Like this right here is a beautiful
7:08:34trade setup that I had. I'm talking
7:08:35about phenomenal. Look at this right
7:08:37here. Right. So, this right here has a
7:08:40beautiful left
7:08:42head and then this broke the structure
7:08:46and created this beautiful right
7:08:47shoulder for me. Right? It's a very big
7:08:49head and shoulders. Now on this retest
7:08:51of this neckline, I go down to the 4
7:08:53hour. And when I go down to this 4 hour,
7:08:56I can see right here. What do I see? I
7:08:58see a beautiful left head and then right
7:09:01shoulder retesting the bigger neckline
7:09:04of the head and shoulders. So this is
7:09:06the big head and shoulders over here.
7:09:08And now this is retesting the neckline.
7:09:10Beautiful head and shoulders at the
7:09:13retest of it. Here's another beautiful
7:09:15example of a beautiful head, left head
7:09:19and then right shoulder. We broke,
7:09:21retested the neckline and then we sold.
7:09:23Right here we have an inverted head and
7:09:25shoulders. Right here we have a left
7:09:27head and then the right shoulder trade
7:09:30continued to go to the upside. Up here
7:09:32we have another head and shoulders. We
7:09:35have left head and then right shoulder
7:09:38broke, retested and then went to the
7:09:40downside. Right here we have another
7:09:42left. These things are just never
7:09:44ending. Head, right shoulder. This right
7:09:47here is clearly an area of interest. So
7:09:49if this was I mean you can just look at
7:09:51it. You can just look at this example
7:09:52like this, right? So let's say this is
7:09:54the higher or let's let's not say this
7:09:55right here is the higher high, right?
7:09:58For example, this right here is the
7:09:59higher high of this market. This right
7:10:01here is the higher low of this market.
7:10:03We know that this is bullish. So in this
7:10:05market, we now get a perfect retest of
7:10:08this area. So right here it looks like
7:10:09we're creating the perfect base for the
7:10:13left for the head. Now you don't know a
7:10:15right shoulder's coming. You just look
7:10:16this looks like the base. This looks
7:10:18like it's just rejecting the structure
7:10:19to potentially go to the upside, right?
7:10:21But then you get something like this.
7:10:23You get a little high and then it
7:10:24breaks. Now when it breaks is when you
7:10:26realize, oh [ __ ] this [ __ ] is actually
7:10:28bearish. This went from being bullish to
7:10:30bearish. Now this higher low gets
7:10:32invalidated. This becomes the new lower
7:10:34low. You do your little snake trick.
7:10:37this becomes the lower high. If that
7:10:39becomes the lower high, then we have to
7:10:41look for an area of interest inside of
7:10:43this lower high and lower low. But
7:10:45first, let's just make sure that this
7:10:47candlestick has actually stopped at this
7:10:50area. This we need to have some type of
7:10:52slowdown at this area so we confirm that
7:10:54we're actually having that as the lower
7:10:56low. As of right now, this looks like
7:10:57this became the new lower low. See what
7:11:00happens to the next candle. Okay, this
7:11:02becomes okay, perfect. That became the
7:11:04lower low. So now we're going to look
7:11:05for areas of interest within this box,
7:11:07right? So we're going to go back out to
7:11:09the line chart. We're going to start
7:11:10working our way up from this point right
7:11:13here. Start working our way up. Boom.
7:11:15Right here we have one and then two. We
7:11:18can potentially have this as an area of
7:11:20interest. Let's see what it looks like
7:11:21on the candlestick chart. We have one.
7:11:23I'm sure if we look more left, uh, we
7:11:26have maybe three. One, two. Doesn't look
7:11:29that clean. we start. If we keep working
7:11:31our way up, we're going to probably run
7:11:33into this area right here where we have
7:11:36one, two, and then three. If we look at
7:11:38it on the line chart, you can tell we
7:11:41have very clean structure. We have 1 2 3
7:11:45four structure points. And what a
7:11:47coincidence that it's also the neckline
7:11:49of the head and shoulders. Now, this
7:11:51neckline of the head and shoulders,
7:11:53we're going to wait for price to come
7:11:54back and then retest it. So once price
7:11:56comes back and then retest it, we're
7:11:58going to wait for some type of rejection
7:11:59confirmation like this evening star
7:12:01formation for us in order to enter this
7:12:03trade and have the sell to the downside.
7:12:05So now this is the confirmation that the
7:12:08neckline the head and shoulders has
7:12:09broken it has come back to retest it. We
7:12:12have our engulfing and then guess what?
7:12:15Beautiful sell to the downside. That
7:12:17right there ladies and gentlemen is a
7:12:18perfect example of a head and shoulders
7:12:20and this is just a random chart that I
7:12:22found here on Trading View. Head and
7:12:24shoulders patterns happen literally
7:12:26everywhere throughout the market. I can
7:12:28show you another one right here. Left
7:12:30head, right shoulder. We broke the
7:12:32neckline, came back and retested. You
7:12:34can see it right here. Left head, right
7:12:36shoulder. What matters is that it
7:12:38shifted from being this the higher low
7:12:41to this being the higher high. We
7:12:43shifted the structure. So we go from
7:12:45being bullish to then bearish. And then
7:12:48we create the new lower low. Then we
7:12:51come back, we create the retest and then
7:12:53we sell. That is the beauty of the head
7:12:55and shoulders that it is a reversal
7:12:57pattern and it is literally showing you
7:12:59its hand first. You're letting the
7:13:01market create the move before it even h
7:13:04like you're letting the market do the
7:13:05move for you where you're letting the
7:13:06market literally have the pattern so you
7:13:09can just simply follow it. You don't
7:13:10even have to think. All you simply have
7:13:11to do is just react to the pattern. And
7:13:13I know I have many, many, many more
7:13:15examples. I think I have one on GBPUSD
7:13:17not so long ago that I took as well.
7:13:19That was a beautiful head and shoulders.
7:13:21I think it was somewhere. Yeah. Okay.
7:13:22Look for example right here. So right
7:13:23here GBPUSD once again we have left head
7:13:27right shoulder. We break that neckline
7:13:30come back and retest and then we sell.
7:13:32Examples of these are literally
7:13:33everywhere. And it it's just called a
7:13:36head and shoulders pattern because
7:13:37that's just what it is. But it's really
7:13:39just a reversal pattern. For example,
7:13:41right here you have this market that is
7:13:43bullish. This market right here is
7:13:45bullish. Right? This market was creating
7:13:47higher highs, higher lows, higher highs
7:13:51and then guess what? We shifted the
7:13:53structure. So if this is the higher low
7:13:55and then this is the higher high. This
7:13:57at this point did not shift the market
7:13:59structure. This market was still bullish
7:14:01up to this point right here. But guess
7:14:03what? We broke the neckline. We came
7:14:05back to retest it. And then guess what
7:14:07happens after? Retest the neckline.
7:14:10Beautiful sells to the downside. This
7:14:12right here is the beauty of the reversal
7:14:15pattern. Now, it's not that I'm looking
7:14:16for specifically a head and shoulders
7:14:19pattern. No, what I'm looking for is for
7:14:21this right here is that shift of
7:14:23structure, the market going from bullish
7:14:26to bearish. That is the reversal
7:14:28pattern. That is the indication that I'm
7:14:30looking for in order for me to be
7:14:32interested in this trade. It's the shift
7:14:34of the structure. Whether it happens
7:14:35from the uh the push from the head or
7:14:38whether it happens from the break of the
7:14:39neckline of the actual head and
7:14:41shoulders. And like I'm just so
7:14:43passionate about these head and
7:14:44shoulders that I can literally be on
7:14:45here for hours just showing you examples
7:14:48of head and shoulders alone. Just
7:14:50literally head and shoulders everywhere.
7:14:52Like there's another one right here. I'm
7:14:54trying to find like an ugly one cuz
7:14:55sometimes there is some ugly ones. I
7:14:57mean this is kind of like an ugly one in
7:14:58a way in my opinion because this one's
7:15:00like not super clean. Left head and then
7:15:03right shoulder. All that matters is that
7:15:04we broke the structure, retested the
7:15:06neckline, we then had a push to the
7:15:08upside. I see these patterns happen
7:15:11every single day, everywhere in the
7:15:13market, either at tops or bottoms. And
7:15:15for me, it's my personal favorite
7:15:17reversal pattern. And it lets me know
7:15:18that the market is indeed respecting the
7:15:20structure. Perfect example could also be
7:15:22this right here, this inverted head and
7:15:24shoulders right here. We have this left,
7:15:26this head, and then this right shoulder.
7:15:29We break the neckline. So, as you can
7:15:31tell, this right here is going to be the
7:15:33lower high of this market. If this is
7:15:35the lower high of this market and then
7:15:37this is going to be the lower low, that
7:15:40lower high and lower low, guess what
7:15:41happens? We break that neckline, we
7:15:44break that lower high, we break the
7:15:45lower low, we then break above it, come
7:15:49back, retest it, have the bullish
7:15:51engulfing candlestick, and look at this
7:15:53beautiful push to the upside. Like, it
7:15:56just I just can't I just can't get over
7:15:58it, you know? I just can't get over how
7:16:00many times this pattern happens all of
7:16:01the time. perfect examples right here on
7:16:04a head and shoulders that it did not
7:16:05respect it. So technically, you know,
7:16:07you can call this the left the head and
7:16:09then the right shoulder. And if you were
7:16:11to call this right here the higher low,
7:16:13technically it did break that neckline.
7:16:15So if you were to call this the higher
7:16:17low and this the higher high for
7:16:19examples purposes, this right here,
7:16:21technically it did break that structure
7:16:23and we did come back and then retest it
7:16:24and it could have sold off. But
7:16:26personally, I would have not counted
7:16:28this as a right shoulder for me. That
7:16:30would have just been way too small of a
7:16:32right shoulder. Would have not been as
7:16:34clear. Like I want the right shoulder to
7:16:36be obvious. I want you to be actually be
7:16:37able to spot the shoulder. For perfect
7:16:39example could be this one here as well.
7:16:41And I know I'm beating out a dead horse
7:16:42here, but I know that the repetition is
7:16:44what's going to lead you guys to
7:16:46success. I know that's what's going to
7:16:47make you guys see the things how I see
7:16:49it. Cuz what makes me a profitable
7:16:50trader and be able to see the markets
7:16:52how I see it. It's not something secret
7:16:54that I know. It's the amount of times
7:16:56that I've seen this and I actually could
7:16:57understand it better than anybody else
7:16:59because I've seen it so much. Right
7:17:00here, we have a left head and then guess
7:17:02what? We never broke that higher low. So
7:17:06then this never created the right
7:17:08shoulder. If we look at this on the
7:17:09neckline, I mean on the line chart, this
7:17:11is technically going to be the higher
7:17:13high right here. This is technically
7:17:15going to be the higher low right here.
7:17:17So as you can tell, price never broke
7:17:21below that higher low. So, while this
7:17:23was creating that potential right
7:17:25shoulder for us to then sell because
7:17:27right there that looks like it can
7:17:29create the perfect right shoulder, we
7:17:31never broke below the higher low. We
7:17:33continue having this push to the upside.
7:17:36So, ladies and gentlemen, Head and
7:17:38Shoulders pattern is my favorite
7:17:40reversal pattern, but not because of the
7:17:43actual pattern itself. It's because of
7:17:46how it is done and that is with the
7:17:48shift of structure from the higher low
7:17:50to the higher high or once we actually
7:17:53break the neckline we come back and we
7:17:56retest it and then we sell. Head and
7:17:58shoulders is my favorite and most
7:18:00effective reversal pattern. Now to this
7:18:03we're going to add what is also called
7:18:05as a indicator. Right? So an indicator
7:18:09is obviously exactly what it's named, an
7:18:12indicator, right? It's going to indicate
7:18:15to you that the market is either going
7:18:17to do one thing or do another, right? So
7:18:19there's many different types of
7:18:20indicators. You know, we can go here
7:18:22into the indicator section of Trading
7:18:24View. And this area alone, you can
7:18:27pretty much click every single one of
7:18:29these and you're going to have a billion
7:18:31different types of indicators. They all
7:18:33supposedly know what's going to happen
7:18:35next. There is always a new indicator.
7:18:37They're always doing updated indicators.
7:18:39There's always going to be different
7:18:40types of indicators that the market is
7:18:42going to offer. Now, the only indicator
7:18:46that I personally use
7:18:50is the EMA
7:18:52exponential
7:18:54moving average. Now, I use this you guys
7:18:58can see it over here. EMA. So, the
7:19:00moving average exponential. I don't know
7:19:01why it says EMA and then the wording of
7:19:04it is completely different but it is the
7:19:07exponential moving average or the moving
7:19:10average exponential potato the same
7:19:13thing. You guys understand
7:19:15I only use an indicator by accident. I
7:19:19was never planning to use an indicator.
7:19:20For me the indicators I tried to have
7:19:22many different types of indicators. I
7:19:24tried to do the indicator crossover. So,
7:19:27it's where you have like five of them
7:19:29and then whenever all of these different
7:19:31types of indicators whenever they all
7:19:33cross over that's when you would sell
7:19:35below it or whenever the price would
7:19:37cross above all of them that's when you
7:19:39would buy with it. It's all [ __ ]
7:19:41[ __ ] at the end of the day.
7:19:42Indicator is a delayed line on the chart
7:19:46based off of price. It's never going to
7:19:48predict the future because it needs the
7:19:50current price to be able to like create
7:19:53the indicator and it can never create
7:19:54future price because it doesn't have the
7:19:56future price. It's just an added
7:19:58confluence, right? So, whenever you see
7:20:00price, you're going to see this little
7:20:03blue line that pretty much just follows
7:20:05it everywhere it goes. Now, this blue
7:20:07line is literally exactly what it seems
7:20:10to be. It's like a dynamic support and
7:20:12resistance level that follows price.
7:20:14Whenever you're above the indicator, it
7:20:16is used as supports. Whenever you're
7:20:18below the indicator, it is used as
7:20:20resistance. Now, this indicator, like I
7:20:23just mentioned, I came across it by
7:20:25accident. I was just pretty much
7:20:26searching the internet for all different
7:20:28types of profitable indicators and
7:20:30there's just really one that stuck out
7:20:32and that is the exponential moving
7:20:33average. For you to get access to this
7:20:35exponential moving average, just type
7:20:37EMA and then it's going to pop up as the
7:20:4120, the 50, the 100, and the 200. So, I
7:20:45want you guys to go ahead and click on
7:20:47that. And once you guys click on it, you
7:20:49guys are going to see how you're going
7:20:50to get all these different types of
7:20:51indicators that pop up on your chart.
7:20:53You have here the the 20. The 20 is
7:20:56always going to be closest to the price
7:20:58because it just moves as close as it can
7:21:01to the price. Then you're going to have
7:21:03the 50, which is the one that I use, and
7:21:05it's it's this other blue one right
7:21:06here. Then you're going to have the 100,
7:21:08which is a bit further. And then you're
7:21:10going to have the 200, which is is even
7:21:12further. All of these are [ __ ]
7:21:13[ __ ] pretty much. But there's only
7:21:14one that sticks, and that's the 50 EMA.
7:21:16So for you to get access to the 50 EMA,
7:21:18how I do, just go ahead once again,
7:21:20click EMA, and then you can just click
7:21:23on this section right here. And then
7:21:24once you click on this section, then you
7:21:27want to make sure you can go to the
7:21:28settings icon over here. And then on the
7:21:30settings icon, you're going to go to or
7:21:33how is it? Do you double click this
7:21:35right here? Visibility like this. So,
7:21:38what you're gonna make sure is that you
7:21:39can go ahead uncclick the red one,
7:21:42uncclick the dark blue one, uncclick the
7:21:45light blue one, and then you're going to
7:21:47be left with the 50 EMA. The 50 EMA is
7:21:50going to be that orange one. It's
7:21:52already a preset. You notice if I
7:21:54uncclick it, it's literally right on top
7:21:56of my blue one that I have. I guess I
7:21:59just have an old indicator that I
7:22:01haven't updated and I don't care to
7:22:02update it. It's just there or I can just
7:22:04change it to this one. But as you can
7:22:06tell, the 50 EMA is going to be that
7:22:08middle indicator because it goes right
7:22:10over my blue line that I have right
7:22:12there. It's literally exactly the same.
7:22:14And then that is pretty much how you
7:22:16place the indicator and how the
7:22:18indicator is used. It's basically a
7:22:20dynamic support and resistance. Whenever
7:22:22the price is moving up and you're
7:22:24looking to buy at anywhere in this point
7:22:26right here, you being above the EMA is
7:22:28just an added confluence. If you're
7:22:31looking to buy here, for example, and
7:22:33you're above the EMA, it's just an added
7:22:35confluence. If you're looking to sell
7:22:37over here and you're above the EMA, just
7:22:39something to take into consideration.
7:22:41Over here, you're buying, it's above.
7:22:43Whenever price going down, it hits
7:22:45below. Whenever you go above, it's just
7:22:47it's always delayed in my opinion. I
7:22:49just have it honestly because I think it
7:22:51looks cool. But there is some certain
7:22:53scenarios where it happens to line up
7:22:55perfectly with certain areas of interest
7:22:58and and certain points. For example,
7:22:59like the 1 hour right here, right? So
7:23:02for the 1 hour, as you can tell, we have
7:23:04the head and shoulders pattern. Left
7:23:06head, right shoulder, right? We already
7:23:07understood that. We have the neckline of
7:23:09the head and shoulders. And then guess
7:23:10what? Price broke this area. Came back
7:23:13to retest the area of interest. Retest
7:23:15the EMA. I mean, it retest the area of
7:23:18interest. the neckline of the head and
7:23:19shoulders and it also happens to have
7:23:21the EMA at that area. It's all a piecing
7:23:24of puzzle all together. If I were to
7:23:26compare this to something of an engine
7:23:28of a vehicle, it's almost like having
7:23:30the hood of the car. Do you need the
7:23:32hood of the car to drive the car? No, at
7:23:34all. But it completes the car, right?
7:23:37Can can you remove the hood and still
7:23:39drive 24 hours without the car turning
7:23:42off? Yes. Can the hood be off, it rain,
7:23:45and the engine still be fine? Yes, of
7:23:47course. The hood does nothing other than
7:23:49just give the car an aesthetic look and
7:23:51it just completes the vehicle and it
7:23:52also protects your engine parts so I
7:23:56don't know um somebody doesn't steal
7:23:57something from it. But you can drive the
7:23:59car without the hood. So the EMA is like
7:24:02the hood. It's just like the cherry on
7:24:03top. It completes the trade for whenever
7:24:06it is needed and you want to add it as a
7:24:07confluence. For example, on the 1 hour
7:24:10time frame, this EMA is used as a
7:24:12resistance to then sell. But if we were
7:24:15to go out to then the 4 hour on the 4
7:24:17hour you can tell that we are above the
7:24:18EMA and now it's going to potentially
7:24:20reject it to then head to the upside
7:24:22potentially. On the daily time frame
7:24:24we're extremely far from the EMA for
7:24:27example. And on the weekly time frame we
7:24:29are even further away from that EMA. So
7:24:32the EMA it is not used just based off of
7:24:35entry time frames, right? I I don't use
7:24:37it just on the lower time frames for
7:24:38this example. It just happened to line
7:24:40up. I can find a different example of a
7:24:42trade that I took. For example, let's
7:24:44just say this one right here. The 1 hour
7:24:48time frame when I was interested in
7:24:49taking this trade, I happened to be a
7:24:52little bit below the EMA. Cool. That was
7:24:54an added confluence. On the 4hour time
7:24:56frame, when I went to go take the trade,
7:24:58I was a little bit above it. On the
7:25:00daily time frame, when I went to go take
7:25:02the trade, I was very above it. So, the
7:25:04EMA is really not used at all. I just
7:25:07want to educate you on what it is so you
7:25:09don't go out there like a maniac trying
7:25:11to figure out the secret formula behind
7:25:13it because the truth of the matter is
7:25:15that there is none. There is no secret
7:25:17formula to the EMA. Sometimes it's good
7:25:20to be above it. Sometimes it it doesn't
7:25:22even matter. I personally when I go
7:25:24grade my trade, the EMA is literally at
7:25:27the bottom of the list. Like after I do
7:25:29all of my analysis and I do all of my
7:25:31checklist and I do everything, I'm like,
7:25:33"Oh, where's the EMA? Is it there or
7:25:36not? Oh, it is. Okay, cool. It's not.
7:25:38Okay, cool. It doesn't matter. It does
7:25:39not complete my trade. It does not take
7:25:41away from my trade and it doesn't do
7:25:42anything for my trade. The only again,
7:25:44for example, here I'm selling it. We're
7:25:46below on the 4 hour. Cool. Let's see on
7:25:48the 1 hour time frame. What are we doing
7:25:51over here? Trying to make it back over
7:25:53to price on the 1 hour time frame.
7:25:56Perfect. As soon as I sold, I happened
7:25:57to be below it as well. What a
7:25:59coincidence. For this example over here,
7:26:01when I happened to buy, I was below it.
7:26:03So, technically, I was breaking the
7:26:04rule. The EMA is nothing but a delayed
7:26:07support and resistance. You placing a
7:26:10area of interest like this how I have
7:26:12placed it right here is far more
7:26:14accurate than the EMA because the area
7:26:16of interest is going to be valid for the
7:26:18real market structure and for the
7:26:21weekly, for the daily, for the 4 hour,
7:26:22for the 1 hour. It's all going to be the
7:26:24same thing. Not like the EMA how it is
7:26:27subjective and it moves based off of the
7:26:30time frame. Depending on the time frame
7:26:31that you are, it is going to be a bit
7:26:33closer, a bit further. It's going to be
7:26:35added. It's not going to be added. Now,
7:26:38once again, there is hundreds of
7:26:40different EMAs. The EMA is simply just a
7:26:43dynamic support and resistance that
7:26:45holds price up supposedly whenever
7:26:48you're above it, and whenever you're
7:26:50below it, it pushes price down. It is a
7:26:52delayed indicator, and it has zero
7:26:55importance when it comes to trading.
7:26:57You're not going to build a whole entire
7:26:59trading strategy just based off of EMA.
7:27:02This will be a cherry on top on your
7:27:03trade when you go enter it. If you have
7:27:05it, you have it. If you don't, you
7:27:07don't. So, I'm just going to remove this
7:27:09here so I just don't have that extra
7:27:11indicator for no reason. But the EMA is
7:27:13pretty much just a extra tool to call
7:27:15it. Now, you understanding head and
7:27:17shoulders, you understanding EMA, you
7:27:19understanding market structure, top down
7:27:20analysis, areas of interest, blah blah
7:27:22blah. These are all different ways on
7:27:24how to read the market. Now what if I
7:27:26told you that everything that I have
7:27:27just taught you sets up the perfect
7:27:31trade based off confluences. So there is
7:27:36something called confluence trading and
7:27:39confluences are literally what I have
7:27:42been talking about every single pretty
7:27:44much time that I go trade every single
7:27:47moment I have this confluence I don't
7:27:48have this confluence I have this I don't
7:27:50have this confluence trading is
7:27:53literally having the most amount of
7:27:55reasons to enter the trade or not it's
7:27:57like right now I'm trying to invite my
7:27:59buddy out to go out to the bar with me
7:28:01to go drink I can't even remember the
7:28:03last time I went to a I don't think I've
7:28:04ever gone to a bar to go have a beer,
7:28:06right? But just just for example, right?
7:28:07Let's say I want to invite my friend to
7:28:10go out to the bar. Hey, bro. Bars are I
7:28:13don't even know. It's happy hour. Um
7:28:15there's going to be a lot of um college
7:28:18girls there and
7:28:21I I don't even know what people do at
7:28:23bars, but right, I'm just trying to give
7:28:24him as many possible reasons to convince
7:28:27my friend to come to the bar, right, and
7:28:30go have a drink with me. Bro, beers are
7:28:31half off. There's going to be a lot of
7:28:33pretty women. free nachos and on top of
7:28:36that they're playing a football game.
7:28:37You say all that to your friend and he's
7:28:39like and you know what makes more sense
7:28:41to be at the bar than to be at home
7:28:43doing nothing. So you you basically made
7:28:46it make sense for your friend to be at
7:28:48the bar with you rather than be home.
7:28:49Confluence trading is really no
7:28:51different than that. But it's just, you
7:28:53know, it's just revolved around money
7:28:54and you can actually do something with
7:28:55your life, right? You can actually
7:28:56capitalize off of it aside from just
7:28:58wasting your time at a bar drinking
7:28:59beer. So when you go confluence trading,
7:29:02you try and add as many possible things
7:29:04together to the trade for it to
7:29:06logically make sense for the trade to
7:29:09actually go in one direction versus the
7:29:11other. Because we all know the market is
7:29:13going to do two things. The market from
7:29:15this point right here can either go down
7:29:17or it can continue to go up, right? If
7:29:20you at any point in your life, you
7:29:22figure out if the market does either one
7:29:24of those two things, you [ __ ] call
7:29:26me, right? because you're on to
7:29:27something special or there's something
7:29:29wrong with the market. But in my humble
7:29:31seven years of trading in these markets,
7:29:33I have never seen the market do anything
7:29:35other than from this point right here go
7:29:38up or go down. So it's already a 50/50
7:29:41chance. But now what if I told you that
7:29:44if at this area right here, there is
7:29:47seven reasons on why it has a higher
7:29:50probability of going up than going down.
7:29:53Well, it just simply makes more sense to
7:29:56buy than to sell it. That's really it.
7:29:58At no point in my trading am I 100%
7:30:02confident that this trade is going to go
7:30:05in one direction or the other. I just
7:30:06simply have so many reasons for it to go
7:30:10in that direction versus the other that
7:30:12I go ahead and risk money behind it. But
7:30:14I don't have inside information. I don't
7:30:17predict the future. I don't have a
7:30:18crystal ball. I am not an alien, right?
7:30:20I just have a logical amount of reasons
7:30:24on why it's going to go up rather than
7:30:26down. And that is all based off of
7:30:28everything that I've taught you on this
7:30:30video. First thing, for example, is this
7:30:31market bullish? Bullish or bearish? All
7:30:33right, cool. Well, this market is
7:30:35bullish. All right, cool. So, that's the
7:30:37first thing we got, right? We already we
7:30:38already understand the market is
7:30:40bullish. Cool. Well, where is the market
7:30:43right now? Well, this market is at an
7:30:44area of interest that it's a respected
7:30:46area of interest. [ __ ] All right. Cool.
7:30:48Cool. Cool. So we are at an area of
7:30:51interest. So this area of interest is
7:30:53obviously a very wellrespected support
7:30:54and resistance. We're above it. It could
7:30:56be used as support. Okay, cool. So right
7:30:58now we understand we have two of these
7:31:00confluences in our favor. All right,
7:31:02cool. What else do we have? So we also
7:31:04have at this area, let's say this is the
7:31:06daily time frame or the 4hour time frame
7:31:08has created a dogee candlestick, an
7:31:11undecision candlestick. And after this
7:31:13undecision candlestick, it's created a
7:31:15morning star formation. Wow, we have a
7:31:19morning star formation for example.
7:31:22Morning star formation. We have three
7:31:24logical reasons on why this trade should
7:31:28go up or should go down. Now this is a
7:31:32simple very simple confluence trading
7:31:36checklist that we can just I just built
7:31:38off of 5 seconds. We understand that we
7:31:41are having very clear indications that
7:31:43this should continue go to the upside
7:31:45rather than the downside. We're at a
7:31:46support level. We're trading with the
7:31:47trend. And then we have our entry
7:31:49signal. Go ahead. We enter our trade.
7:31:52And after we enter our trade, guess
7:31:54what? The trade does what it does.
7:31:56Continue trades with the trend. Has a
7:31:59reaction from a support level. And it
7:32:01has the momentum based off of the entry
7:32:03signal confirmation. That right there is
7:32:06literally confluence trading. Now,
7:32:08that's me not even including if we have
7:32:10the EMA. Me not including if maybe on
7:32:13the 4hour time frame there's an inverted
7:32:15head and shoulders over here. That's me
7:32:17not including so many other little extra
7:32:20things that can be added to this for it
7:32:22to make more sense. Right? This is just
7:32:24me going off of three basic core
7:32:26foundations. Trend, area of interest,
7:32:29and entry signal. It simply makes more
7:32:31logical sense to enter this trade on a
7:32:34buy rather than a sell. And the best way
7:32:36that I can present this confluence
7:32:38trading is if you literally go up to
7:32:41your your your parents, your siblings,
7:32:44your cousins, your friends, somebody
7:32:45that doesn't believe in your trading
7:32:46journey or somebody that doesn't even
7:32:48understand your trading journey and you
7:32:50literally tell them, all right, you show
7:32:52them this chart for example, right? So
7:32:53let's say for example, I'm going to show
7:32:55you let's say uh let's say for example
7:32:59this market right here, right? Right?
7:33:01For example, let's say this market right
7:33:02here. and you go ahead and tell them,
7:33:04"All right, what do you think this
7:33:06market is going to do? Do you think this
7:33:08market is going to go up or do you think
7:33:10this market is going to go down?"
7:33:11They're going to have no, right? Cuz
7:33:13you're going to you're going to show
7:33:14them an empty chart like this. They're
7:33:15going to be like, "Dude, I have no idea
7:33:19up or down." Now, they might be right or
7:33:21they might be wrong. It's it's really a
7:33:2350/50. It's not that hard to be right.
7:33:26It's just very hard to be right
7:33:28consistently and profitably. And that is
7:33:30where having just a proper checklist and
7:33:32a proper confluence list that changes
7:33:33all of that. Right? So let's say you
7:33:35just tell your random family member,
7:33:36your random friend or whoever if this is
7:33:38going to go up or down. And they just
7:33:40say, okay, I think it's going to go up
7:33:42or I think it's going to go down. And
7:33:43you tell them, okay, let me tell you
7:33:45what I think. And then you start
7:33:47explaining to them, all right, well this
7:33:48market structure is currently bearish.
7:33:50So this is the lower high. This right
7:33:52here is the lower low. Secondly, after
7:33:55this market being bearish, this right
7:33:56here is a respected area of interest.
7:33:58And we also happen to be very near the
7:34:01neckline of this head and shoulders,
7:34:03which is a massive reversal pattern. To
7:34:05add to that, when we go down to the 4
7:34:07hour, the 4 hour is rejecting this 4hour
7:34:10EMA. And when we go down to the 1 hour,
7:34:12we're having a 1 hour pin bar rejection
7:34:15from this area. They're going to look at
7:34:16you like if you're a [ __ ] mad
7:34:18scientist, and they're going to be like,
7:34:19well, you're talking Chinese, but you
7:34:22know what? These are many things that I
7:34:23don't know what they mean, and I guess
7:34:25it makes more sense to sell than to buy
7:34:27at this point. Just for example, right?
7:34:29Just me right here. I pieced up a trade
7:34:31to make more sense to sell than to buy.
7:34:34That is all confluence trading is. Is
7:34:36you get everything that I have been
7:34:38teaching you, which is just very over
7:34:40the top. And by the way, these are more
7:34:41things that I can teach you later on.
7:34:42But these are just very over-the-top
7:34:44things that make the trade make more
7:34:46sense, right? A better example could be
7:34:49this trade, for example, right here that
7:34:50I was interested in taking and I
7:34:52happened to miss out. Or even this
7:34:53trade, for example, that I was
7:34:55interested in taking. We have the trend,
7:34:57the lower time frame trend in our favor.
7:35:00We break this area. We come back to
7:35:02retest the neckline. We are retesting
7:35:04the neckline of the area of interest. We
7:35:05have had a shift of structure. We are
7:35:07rejecting the area of interest. We are
7:35:09rejecting the EMA and then we have a
7:35:11massive bearish engulfing candlestick.
7:35:13It just makes more sense to sell than to
7:35:15buy. Confluence trading is literally
7:35:18building the perfect trade setup for you
7:35:20to have the most amount of confluences
7:35:22in one direction or the other. Now, I
7:35:25get this asked all the time. Is there a
7:35:26minimum amount of confluences that I
7:35:29would have in order to take a trade? And
7:35:31the answer is no. Why would I want to
7:35:34have a minimum amount of confluences?
7:35:37Like, that just makes most no sense to
7:35:39me. If I want to risk my money where my
7:35:41money is going to be the safest, I I
7:35:44don't know why traders have this
7:35:46perception of high risk, high reward,
7:35:50right? Or or people that just get
7:35:51involved in trading, they think, oh,
7:35:52whatever is high risk is high reward.
7:35:54Guys, we are not in the casino. We are
7:35:57not in the what's that thing that the
7:36:00the the powerable. We're not in the
7:36:02powerable. We're not in the lotto. We
7:36:04don't want high risk. High risk actually
7:36:07means low reward. A trade that has zero
7:36:10confluences is high risk. And if it has
7:36:13high conf if it has high risk and no
7:36:16confluences, the odds of you winning
7:36:18that are very low, right? So, you're not
7:36:21going to have a very high return on
7:36:22that. But now if a trade has eight
7:36:25confluences for example that makes that
7:36:27a very lowrisk trade and meaning it's a
7:36:31very small chance that you're going to
7:36:32lose. So it makes more sense to risk
7:36:35more money on that and that is where you
7:36:37in turn have higher reward. You have
7:36:40high rewards on the lowrisk trades. Why?
7:36:43Because you're going to risk more money
7:36:45on trades that have less odds of losing.
7:36:49You're not going to risk more money on a
7:36:51trade that has higher odds of losing. If
7:36:53it has higher odds than losing, I don't
7:36:55even want to get involved. I want to get
7:36:57involved when I have the least amount of
7:36:59chances of possibly losing. And that is
7:37:01exactly what confluence trading is.
7:37:03You're building a approach to a trade
7:37:06where it simply makes more sense to do
7:37:08one thing rather than the other. Perfect
7:37:10example is right here. This trade right
7:37:12here, we were rejecting this very strong
7:37:15area of interest. The daily time frame
7:37:17was bearish. This is a massive bearish
7:37:20engulfing pin bar rejection. I then go
7:37:22down to the 4our time frame. We have a
7:37:25left head and a right shoulder. We break
7:37:28this neckline. I go down to the 1 hour.
7:37:31On the 1 hour, we then have a another
7:37:34left head, right shoulder. On the right
7:37:36shoulder of the head and shoulders on
7:37:38the 4 hour. We break this neckline. We
7:37:41come back. We retest. We reject the EMA
7:37:43and a massive 1 hour bearish engulfing
7:37:45candlestick. I have just told you seven
7:37:47different confluences in 5 seconds off
7:37:49of everything that I've just simply told
7:37:51you. Daily rejecting area of interest,
7:37:53daily bearish engulfing candlestick,
7:37:554hour head and shoulders candlesticks.
7:37:58Then you also have a break and retest of
7:38:01that head and shoulders neckline. That's
7:38:03another confluence. And then on top of
7:38:04that, you have a head and shoulders on
7:38:07the 1 hour time frame. break and
7:38:09retesting that neckline, rejecting the
7:38:11EMA, and then your entry signal, which
7:38:13is the bearish engulfing candlestick on
7:38:15the 1 hour. What else do you need for it
7:38:18to make more sense to buy? Now, don't
7:38:19get me wrong, there's going to be times
7:38:21where you're going to have 10
7:38:22confluences make sense on your trade and
7:38:24then guess what's going to happen? The
7:38:25trade will go in the opposite direction.
7:38:27There's no guarantee at any given point
7:38:30that the trade is going to always win.
7:38:32No, but it just makes more logical
7:38:34sense. That's why I tell people all the
7:38:36time, I think trading is the the
7:38:38ultimate hack to making money online
7:38:40because I just think you can literally
7:38:42predict the future by just having the
7:38:44most amount of reasons on why it's going
7:38:47to go in one direction versus the other.
7:38:50The best analogy that I can put with
7:38:52that, it's almost like if you're going
7:38:54to go out there and go fishing, right?
7:38:56Now, let's say you're going to go out
7:38:57there and go fishing and you know
7:39:00historically when the waters are calm,
7:39:02when there is a very bright sunny day,
7:39:05no clouds, and you're the only person
7:39:08out there fishing and the tide is low,
7:39:12for example. I'm not a fisherman, right?
7:39:13I'm just making stuff up right now. And
7:39:14the tide is low that the fish have
7:39:16nothing else to do but eat and they're
7:39:19going to be looking for food. What if I
7:39:21told you that you can literally go, you
7:39:23can literally just sit by the dock and
7:39:26wait for the weather conditions to give
7:39:27you that perfect condition and then you
7:39:29go out and fish at those times? Why are
7:39:31you going to go out and fish when it's
7:39:32cloudy, when there's a hundred other
7:39:34boats out there and when it's late at
7:39:37night or late in the afternoon when
7:39:38there's already been a feast? You won't
7:39:41do it. It simply doesn't make sense.
7:39:43You're going to go out there when it
7:39:44makes sense, when you have all the
7:39:45proper conditions for you to go out
7:39:46there and actually go and fish. This
7:39:48right here is you literally creating
7:39:50your condition. You're just sitting on
7:39:51the sideline, sitting here on the desk,
7:39:53and you're going to wait for the market
7:39:54to give you that perfect entry signal
7:39:56for you to enter the trade. You're not
7:39:57going to just enter any trade
7:39:58impulsively just because you have the
7:40:00opportunity to do that. Yes, can you
7:40:02just get on your boat at whatever point
7:40:04you want and go out there and fish? Yes,
7:40:06you could do that. But you're going to
7:40:07waste fuel. You're going to waste time,
7:40:10waste bait, and then most importantly,
7:40:11waste your own mental sanity because you
7:40:14just want to go fish whenever you want.
7:40:16And can you get lucky and catch one or
7:40:18two fish? Sure. But that's not how
7:40:20you're going to sustainably catch a [ __ ]
7:40:22ton of fish and make your family happy
7:40:24and bring food to the house. You're
7:40:26going to do that when you go do it at
7:40:27the effective times where you're going
7:40:29to be able to optimize and grow the most
7:40:31and be able to actually do it the most.
7:40:32And that's exactly what confluence
7:40:34trading is. You're building the most
7:40:35amount of reasons on why the trade
7:40:37should go in one direction versus the
7:40:39other. And it's all a checklist, right?
7:40:40So, for example, you can build your own
7:40:43custom checklist. You can build a
7:40:44checklist, for example, just off of the
7:40:46confluences that I have told you. The
7:40:48first one could be trend. The second one
7:40:50could be area of interest. The third one
7:40:53could be entry. And then lastly, you can
7:40:56have patterns. Right? So when you go
7:41:00analyze a trade, you say, "Okay, we have
7:41:02the weekly and then the daily in our
7:41:04favor." All right, cool. That right
7:41:06there, we have a double check. We have
7:41:09two trends in our favor, right? So we
7:41:12have the weekly and the daily in our
7:41:14favor. Are we at a weekly or at a daily
7:41:16area of interest? Well, right now we're
7:41:18in neither. Okay, so you don't take a
7:41:22trade if you're not at the area of
7:41:23interest. You simply wait. Okay, cool.
7:41:25Now we're at the area of interest. Bet.
7:41:27We check that off the list. Now that
7:41:29that we're at the area of interest, do
7:41:30we just jump right into the trade? No.
7:41:32You need your entry signal. Or you could
7:41:34jump into the trade right if you want
7:41:35to. But the beauty of the entry
7:41:37checklist and the trading plan is that
7:41:39you know exactly the type of trade that
7:41:42you are taking. You're aware of the
7:41:44decisions that you're making. you're not
7:41:46blind to it anymore. You know that you
7:41:48need these four confirmations for you to
7:41:50take the trade. Now, I have my own
7:41:52custom plan and I teach this to my
7:41:54students literally every single week
7:41:56live and I mention them and I review the
7:41:57trades and stuff, but it's a very
7:41:59in-depth checklist that I have and I
7:42:01would literally lose you guys at this
7:42:03point right now if I were to show it to
7:42:04you guys. Like, I literally have it
7:42:05right here. It's like my perfect
7:42:06checklist. If I were to show you guys
7:42:08that right now, you're going to be like,
7:42:10"What the fuck?" cuz if you guys are
7:42:11like already wow about certain stuff, I
7:42:13don't even I don't even think you guys
7:42:14are ready for this checklist. But it it
7:42:16is consisted of this core base right
7:42:18here. If a market is at a trend and you
7:42:20actually have trending markets, that's
7:42:22already a plus. If you have a solid area
7:42:24of interest and you're at an area of
7:42:26interest, that's already a plus. Now,
7:42:28you need lastly your entry confirmation.
7:42:29Your entry confirmation can be on the
7:42:31lower time frames or the higher time
7:42:32frames depending the type of trade that
7:42:34you want to take. And then on top of
7:42:36that, you have either a very clean
7:42:38resistance area with a very clean area
7:42:41of interest as a resistance. We have
7:42:43broken out of this area. Now we're
7:42:44retesting it. They have a trend
7:42:46continuation pattern. Cool. You have a
7:42:47break and retest. Or let's say that you
7:42:50are having this retest of this neckline
7:42:52and you're selling at this area of
7:42:54interest. That area of interest also
7:42:56happens to be the area of interest of
7:42:59the neckline of the head and shoulders.
7:43:00Boom. You have another confluence. This
7:43:02is all about building the perfect trade.
7:43:05These are the checklists that you need
7:43:07to go through in order for you to build
7:43:10that perfect trade. Does every single
7:43:12trade need to have every single one of
7:43:14these checked off for it to be the
7:43:17lowest risk possible trade? Yes. Does
7:43:20the every single trade that you take
7:43:22need to have every single one of these
7:43:25checked off for you to take the trade?
7:43:27No. And that right there, ladies and
7:43:29gentlemen, is the problem with traders
7:43:31nowadays. Since you don't have to
7:43:34mandatory check in somewhere or check in
7:43:36with yourself that this is met, you're
7:43:39simply just taking a trade to take a
7:43:40trade and you're just entering a market
7:43:41to enter a market with no real plan.
7:43:43That is the problem with trading
7:43:45nowadays and traders. They're entering a
7:43:47trade without knowing where or why
7:43:49they're entering it. And they don't have
7:43:50any form of verification to confirm what
7:43:52they're doing is correct. This right
7:43:54here is the correct thing. This is just
7:43:57a very simple plan. You're trading with
7:43:59the trend. You're buying or selling at a
7:44:01strong area of interest. And then you
7:44:02have your entry confirmation. That right
7:44:04there is such a simple trading strategy.
7:44:06And I can agree with any trader out
7:44:09there, whether they are any type of
7:44:11concept trader that they would agree
7:44:13with this right here. Even if we don't
7:44:14see it eye to eye on our personal
7:44:16strategies, which is like how you
7:44:18actually optimize and get sniper
7:44:19entries. Every strategy is built off of
7:44:22this foundation right here. There's no
7:44:23way. It's simp there's just no way. It's
7:44:25not like an engine is just built of an
7:44:28engine block off of a transmission and
7:44:30off of a cooling system. Whether it's
7:44:32going to be Corvette, Mustang, Nissan,
7:44:36Toyota, uh, Infiniti, Lamborghini,
7:44:39Bugatti, Ferrari, it's all going to
7:44:42consist of the same thing. Engine,
7:44:44transmission, clutch, and cooling
7:44:46system. All cars are going to have that
7:44:48no matter what. Now, some cars are going
7:44:52to have better performing parts, but
7:44:54it's going to have the same function.
7:44:55And that is exactly what this is right
7:44:57here. Some strategies are going to have
7:44:59different ways on how to use the trend,
7:45:01different ways on how to use the area of
7:45:02interest, different ways on how to use
7:45:03the entries or patterns, but it's all
7:45:05going to be off of the same exact thing,
7:45:08this core foundation of this trading
7:45:10plan right here. And if you don't have
7:45:12this plan right here checked off, you
7:45:14should not take the trade. The trade is
7:45:16going to be a high-risk trade. High risk
7:45:19does not mean high reward. Having all of
7:45:22these checked off will mean you have a
7:45:24lowrisk trade which in turn means you
7:45:27should risk more and then there you have
7:45:29a high reward. Confluence trading has
7:45:32completely changed my way of trading in
7:45:34the markets. Has changed my life to be
7:45:36completely honest because I actually
7:45:37know exactly what I'm doing every single
7:45:39time when I go execute a trade. And just
7:45:41based off of this simple video here
7:45:43today, you guys should be able to go
7:45:44ahead and just use this basic foundation
7:45:46successfully. and actually be able to
7:45:48see a difference in your trading. This
7:45:51right here is the game changer
7:45:52personally for me and for all of the
7:45:55students every single week in the
7:45:57markets. Now, you might want to see me
7:45:58actually break down this confluence
7:46:00trading on an actual market. Like, you
7:46:02might want to see me actually break this
7:46:04down in real time and put it to
7:46:05practice. Now, I'm going to be doing
7:46:07that with you guys now on a trade that I
7:46:09actually took and it made me $340,000
7:46:12or something like that. And that trade
7:46:14that I break down is a bit advanced and
7:46:17I am going to say some of the terms that
7:46:19you might not understand just yet. But
7:46:21what I want you guys to do is pay
7:46:22attention to the core things. Trend,
7:46:24area of interest, and entry signal. So
7:46:26now, if you guys don't understand that
7:46:28just yet, once again, this video is not
7:46:30going to go anywhere. I think it's best
7:46:31if you just pause right now and go back
7:46:33and watch and make sure that you learn
7:46:35those things properly. So once you watch
7:46:37me actually break this trade down live
7:46:40and me executing in real time and seeing
7:46:42the outcome of the trade, you guys can
7:46:44have that, oh, okay, now I understand
7:46:46and I get that. So me breaking down this
7:46:48trade in real life, I show you guys
7:46:50exactly where I was looking to enter, my
7:46:52thought process behind it, and a little
7:46:54bit of a raw version of how I trade by
7:46:56myself when it's either in New York
7:46:58session or London session and how I
7:46:59approach the market. So I'm going to
7:47:01break this trade down for you guys right
7:47:02now in real time. Let me show you guys
7:47:04how this goes down. All right, good
7:47:06morning ladies and gentlemen. We got
7:47:07another interesting week ahead of us.
7:47:10NZDUSD right now the daily time frame.
7:47:13We're extremely bearish. This is the
7:47:15lower high. This is the lower low. And
7:47:19as of right now, this is bearish because
7:47:21of this lower high and this lower low.
7:47:23Not this lower high or this lower low.
7:47:25This is actually just a very strong
7:47:26bearish confirmation within the lower
7:47:28high and the lower low. We rejected this
7:47:31area of interest very strongly and very
7:47:33nicely along with the EMA. Now we are
7:47:35potentially almost creating like a right
7:47:38shoulder, literally a right shoulder to
7:47:40reject under this previous structure
7:47:42level. How we've done here in the past,
7:47:44we've literally broken through this
7:47:46area, retested it, and then sold off.
7:47:48That's exactly what I'm anticipating to
7:47:50happen here. The 4hour time frame, we're
7:47:52having a very clean 4hour head and
7:47:54shoulders. The 4hour is bearish. This is
7:47:56the lower high. This is the lower low.
7:47:58This is just to pull back into the area
7:48:00of interest and reject the area of
7:48:01interest along with the EMA we've done
7:48:04here. Now, we got to be on the lookout
7:48:05because we did this last time. Literally
7:48:08broke below, retested and had the
7:48:10engulfing and we didn't. So, so this
7:48:12area is not as respected as you would
7:48:15expect. You see here, we broke below
7:48:17once. We came back through and we just
7:48:19completely violated and we didn't
7:48:20respect it. We did it here once again
7:48:23and we've done it here multiple times.
7:48:24Just because you have a rejection from
7:48:26this area doesn't mean that it's ready
7:48:27to enter. So, I'm going to wait for a
7:48:30bit more confirmation, and I want the
7:48:31market to show me its hand first by
7:48:33having a bit more of a push down, even
7:48:35if I get a little bit of a worse entry.
7:48:37That's fine. All I got to do is just
7:48:38make sure that my risk-to-reward makes
7:48:40sense. And then my stop loss anywhere
7:48:42from 10 to 15 pips above this wick over
7:48:45here. So, this is 13 pips right here. I
7:48:47have to put it around 20 23 pips. And
7:48:49then my takerit, I'm going to aim for it
7:48:51to be somewhere around here in the lows
7:48:53for a quick one to two. So, that's
7:48:56NZDUSD. We have Euro GBP which we have
7:49:00been waiting for this trade to come back
7:49:02up into this area of interest for us to
7:49:04sell. Price has not come back up into
7:49:07this area of interest. As of right now,
7:49:08we're kind of just waiting for the
7:49:10market to do that. As of right now,
7:49:11we're literally just setting and
7:49:13forgetting until that happens. USD CAD
7:49:16waiting for this to make it back into
7:49:18this area of interest. We actually took
7:49:19this trade last week. We got wicked out
7:49:21and it went into some profit. Um but not
7:49:23our final take profit. We're going to
7:49:25wait for it to come back and potentially
7:49:26retest this area of interest to then
7:49:28buy. It's a very clean trade along with
7:49:31very strong bullish moves. And ND CAD is
7:49:34probably one of my favorite by far. And
7:49:35as of right now, we are creating the
7:49:37perfect left head, right shoulder.
7:49:39And I am seeing that this is the
7:49:41potential perfect area for it to have
7:49:43the break of the neckline of the head
7:49:45and shoulders to then have the retest
7:49:48and sell. So, I'm not going to do
7:49:49anything until we don't have that break
7:49:50and retest confirmation in order for us
7:49:53to sell of this neckline of the head and
7:49:55shoulders and your JPY not that
7:49:58interested right now. So, keep your eye
7:50:00keep you guys updated and we'll come
7:50:01back in a couple of hours. All right,
7:50:03boys. Market update. So, this is how
7:50:04we're looking on NZDUSD. Beautiful push
7:50:07confirmation from the area exactly how
7:50:09we explained it. Sucks a little bit
7:50:12because I got a worse entry than I
7:50:14wanted to. I knew I should have waited
7:50:15for this wick pullback. So, I told you
7:50:17guys as soon as we had this 4hour
7:50:18bearish candlestick engulfing, evening
7:50:21star formation rejection from the EMA
7:50:23and this area of interest that I want to
7:50:26wait for the market to show me its hand
7:50:28first. That's what it did. So, we had
7:50:30the continuation push. So, then here I
7:50:33went I entered on off of this. I
7:50:35probably have worse entries because of
7:50:36like spread, but I always like to base
7:50:38it off of Trading View. So, I was going
7:50:41to wait for this wick retracement, but I
7:50:42didn't. So, I just entered off of this
7:50:44confirmation here. And I mean, it is
7:50:46what it is, right? Not the best entry
7:50:48that I wanted to have, but all I really
7:50:50care about is overall direction. If this
7:50:524hour candlestick closes below the
7:50:54structure point, I then anticipate for
7:50:56it to have a small retracement and then
7:50:57continue pushing to the downside. But it
7:50:59is a very, very clean trade as of right
7:51:02now. The daily closes like this, we have
7:51:04very strong push to the downside as
7:51:05well. 4hour time frame just very solid.
7:51:09Everything just looks very clean. So,
7:51:10moving very nicely.
7:51:13Euro GBP, we're on our way to the area
7:51:15of interest. USD CAD had a reaction from
7:51:18this area. Don't don't really care about
7:51:21this one. NZD CAD still waiting for the
7:51:23break and retest below. And Euro JPY,
7:51:27nothing. So, NZDUSD for now. We're going
7:51:29to set and forget. So, put a little
7:51:32marker just so we know exactly where we
7:51:34last did our previous update. So, check
7:51:36back in in a couple hours. That, by the
7:51:39way, that was only like an hour ago.
7:51:41Well, this is why you have to [ __ ]
7:51:44set and [ __ ] forget. The last time we
7:51:48did an update, it was here. It's having
7:51:50the retracement seems to be on the 30
7:51:53minute time frame. So, 30-minut time
7:51:55frame looks like it's going to create
7:51:56this very clean lower high, which
7:51:58honestly, it's even better. I would much
7:52:01rather for this to close with a strong
7:52:04dogee like this and people be like,
7:52:06"Wait, why doesn't that mean that it's
7:52:07rejecting it?" Not necessarily. That
7:52:09means that the lower time frames are
7:52:11creating that structured pullback and
7:52:13then the next candlestick on the higher
7:52:15time frame will fill. So, it's going to
7:52:17be more of an aggressive push in that
7:52:19direction. But a little bit of a red
7:52:21flag. Last time that we were here, we
7:52:23did the exact same break, retest, very
7:52:26strong bearish engulfing, and then guess
7:52:28what happened? We completely reversed.
7:52:31So, there's a probability of that
7:52:34happening here because last time we came
7:52:35here and rejected, we reversed. We
7:52:37rejected. We reversed. Now, you know
7:52:40what they say, third times a charm. I'm
7:52:42not saying that's what's going to happen
7:52:43here, but you know, I'm going to, you
7:52:46know, see what goes down. All we got to
7:52:48do is just set and forget. Whenever I
7:52:50enter a trade, I commit to the trade. I
7:52:53don't ever ever ever
7:52:57enter a trade and then get out of it
7:52:59before either hitting my stop-loss or my
7:53:01takerit. Very rarely. There's obviously
7:53:04a 2 3% chance. I mean, one out of every
7:53:0720 trades that I do that, but it's not
7:53:10what I like to do. Whenever I enter a
7:53:12trade, I made a decision that my mind is
7:53:15100% convinced that this trade is going
7:53:18to go in one direction versus the other.
7:53:21I've done all of the proper top down
7:53:23analysis. I have done absolutely
7:53:25everything that I need to feel
7:53:27comfortable risking $100,000 behind this
7:53:30trade. When I entered this trade, I was
7:53:33on a nonchalant approach and the
7:53:36decision the decision that I made was
7:53:38based off of probability and my strategy
7:53:40being made. Now, as soon as you click
7:53:41that buy and sell button, you start
7:53:44thinking different cuz now you're like
7:53:45now now it's now it's real. Now the
7:53:47money can actually get lost. You saw
7:53:49some profits, now you saw some red. And
7:53:51then your mind starts to change. And I
7:53:53don't let that affect my decision at the
7:53:55point when I took the trade because I
7:53:57trust myself. I know when I take the
7:54:00trade, I know what state of mind I was
7:54:02in to take it. I know that I did the
7:54:04proper analysis to go ahead and execute
7:54:06that trade to the best of my ability.
7:54:08So, there is no reason why I should [ __ ]
7:54:11with the trade if it doesn't hit my
7:54:14stop-loss or it doesn't hit my takerit.
7:54:16If you do, then you simply weren't ready
7:54:18to go ahead and execute that trade when
7:54:20you did. So, for me, we're just going to
7:54:23keep setting and forgetting. So, we'll
7:54:25update you guys in a little bit. All
7:54:26right. Good morning, ladies and
7:54:27gentlemen. In market update right now we
7:54:29are a little bit in profit in our NZDUSD
7:54:32trade. So we literally had the exact
7:54:34retracement exactly how I anticipated.
7:54:37We rejected from this high creating that
7:54:39right shoulder exactly how I anticipated
7:54:42it. Beautiful daily bearish push to the
7:54:44downside. It's like a left head right
7:54:47shoulder and then there's a left head
7:54:49right shoulder within the right
7:54:50shoulder. I love that. So so far it's
7:54:52moving pretty decent. I would love if
7:54:55this daily time frame can close with a
7:54:57very strong bearish candlestick. We have
7:54:58about six hours left in this
7:54:59candlestick. So, let's see how that
7:55:01does. The 4our time frame is still
7:55:03needing to break below this structure
7:55:05point to give us that confirmation that
7:55:07we're going to have the push to the
7:55:08downside. So, I'm going to put my alarm
7:55:10down here to let me know once and if we
7:55:12actually decide to do that. And on the 1
7:55:15hour is looking pretty decent because
7:55:17this is the 1 hour lower high over here.
7:55:19This is the 1 hour lower low. And same
7:55:21exact thing. If the 4hour body closes
7:55:23below this, we create a new 1 hour lower
7:55:26low and it's just going to be all
7:55:27bearish to the downside from this point.
7:55:29It pretty much should just be a just
7:55:31free just a free run to take profit
7:55:34zone. I should have I wish I would have
7:55:36had a higher TP with a better
7:55:38risk-to-reward because I could see it
7:55:40reacting above this area, not making it
7:55:42all the way to my takerit. But let's see
7:55:44how that goes. Euro GBP just made it to
7:55:47the area of interest. We just got the
7:55:48alarm. So, I'm going to be waiting for
7:55:50some entry signals to enter around this
7:55:52area. Some decent break like bearish
7:55:54engulfing candlesticks like this. Like
7:55:55this. I'm going to be interested in
7:55:57selling here. USD CAD. Wow. Wow. Wow.
7:56:02Wow. Wow. Yeah, we got [ __ ] didd it
7:56:04over here, dude. Look at this [ __ ]
7:56:06Literally wake us out by three pips and
7:56:08now fly fly take profit for a one to
7:56:11four. You can't make this [ __ ] up, bro.
7:56:12It is what it is.
7:56:15NZDC CAD right now is perfectly cooking
7:56:17up the perfect left head right shoulder
7:56:19having that bearish engulfing
7:56:20candlestick right now from this area and
7:56:22now it's just having a reaction above
7:56:24this area of interest. Ever since the
7:56:26markets traded from Biden to Trump what
7:56:28I've realized is that the markets are
7:56:30just not respecting the head and
7:56:32shoulders at the right shoulder as it
7:56:34should before. As soon as you get that
7:56:36right shoulder to form, I would sell off
7:56:37of that right shoulder and anticipate
7:56:39the break of the neckline. Now I can't
7:56:42do that. I gotta wait for the break and
7:56:43retest because this doesn't respect it
7:56:45the same as before. So, I'm waiting for
7:56:47that extra confirmation. It's what you
7:56:48should do actually, but before I was
7:56:50just more of a DGEN trader and I would
7:56:52just take it right at that right
7:56:53shoulder and if I would have taken it
7:56:55here, I would be in some draw down. But
7:56:57the right thing to do is at the break of
7:56:59that neckline. So, let's wait for that
7:57:00to cook up and uh euro JP JPY nothing.
7:57:05So, let's just keep setting and
7:57:06forgetting. NZD
7:57:09USD. We'll check back in in a couple
7:57:11hours. All right. All right. All right.
7:57:15A little update. A little update. A
7:57:17little update. Hello. Hello. Oh, no. No.
7:57:21Tell me. I I hope I'm [ __ ] up. All
7:57:24right. So, market update. We are up
7:57:27around
7:57:28$88,000 right now. So, this is our trade
7:57:33right here. You can see we're up 88
7:57:34grand.
7:57:36It's funny because my screen is still
7:57:37broken and I'm up 100 grand on this one
7:57:41trade right here. So, definitely broke
7:57:43below this structure point right here.
7:57:44We're moving very nicely. Having a very
7:57:47clean push to the downside and uh yeah,
7:57:52I [ __ ] forget. That's pretty much it.
7:57:54This market hasn't rejected as much as I
7:57:56want to. This is just absolutely
7:57:58ridiculous. And NZDUSD is having a break
7:58:02and retest. So, we're going to wait for
7:58:03that.
7:58:05So, for now, let's see how the daily
7:58:06closes and we'll come back. We'll update
7:58:08you guys. It's very strong movement. So,
7:58:10let's wait. All right, boys. Little bit
7:58:12of a market update. So, I spent pretty
7:58:15much all day just in meetings. Worked
7:58:17out a little bit. And this is how the
7:58:20market's looking right now. So, very
7:58:21clean continuation push to the downside.
7:58:23We have stopped at this very strong
7:58:25level of support. Exactly how we
7:58:27anticipated. Right now, we are up a
7:58:30solid,
7:58:31let me show you guys this. Right now, we
7:58:33are up about $123,000.
7:58:36Oh, you guys cannot see that. We're up
7:58:40$124,000
7:58:42as of right now on NZD/USD. I'm not
7:58:45going to lie, I went a little bit low
7:58:47risk like a [ __ ] [ __ ] I should have
7:58:49gone a bit more high risk. And
7:58:52it is what it is. Usually I risk
7:58:53anywhere from like 100 to 150 on this
7:58:56trade. I went around like 70 60 75
7:59:01and I like that the fact that they had
7:59:04this strong bearish engulfing
7:59:05candlestick but clearly that doesn't
7:59:06really mean much when price reaches this
7:59:09area because you know you can have a
7:59:10strong rejection from this level plus a
7:59:12strong bearish engulfing candlestick and
7:59:14then the next move just be a massive
7:59:16push up and this market was bearish when
7:59:18it did this move here. Same exact thing
7:59:20here. You could have a bro I'm talking
7:59:21about this astronomical bearish pinball
7:59:25rejection from this area reach this
7:59:27point and then have a push up. Same
7:59:29thing here. Very strong bearish
7:59:30candlestick into this area then have a
7:59:32push up. So exact same thing bear push
7:59:35up and you so like it's a pattern that
7:59:37has happened here. I personally believe
7:59:40that this is the move that will break
7:59:42through that. And if this is the move
7:59:45that breaks through that,
7:59:48boys, we're we're talking about massive
7:59:51downside potential from from this here.
7:59:54Like, this is literally going to be
7:59:55massive.
7:59:58Is it worth the risk? I I don't know
8:00:02because I I got to be realistic with
8:00:04myself, right? Because here we have a
8:00:05massive left head, right shoulder. We
8:00:07broke, we retested the neckline. Like I
8:00:09see this having a just continuation push
8:00:11to the downside. But I don't know if
8:00:14it'll happen this week. Maybe it'll I
8:00:17mean it is only Tuesday. We still have a
8:00:19whole entire week ahead of us. What I do
8:00:21know is this. If it does have the
8:00:22breakthrough this area, obviously we're
8:00:24going to catch much more risk-to-reward.
8:00:26Let's say we're up a one to three,
8:00:29right? One to four, right? Which is
8:00:31awesome. But I do know that if it does
8:00:34have that very strong weekly bearish
8:00:36engulfing candlestick, we can have a
8:00:39pretty big retracement to then sell.
8:00:41Exactly how we did here. Very strong
8:00:43break through this area. Then we come
8:00:45back, retest, and then we sell. Like I'm
8:00:47not too concerned about missing out on
8:00:51money on this trade because I know it'll
8:00:53make it. If it's not now, it'll make it
8:00:55down here. So like, let's say I close
8:00:56right here and then it does end up
8:00:58having the full push. Would it suck?
8:01:00Yes, obviously. because I missed out
8:01:02essentially on free money. But I could
8:01:05very easily catch these cells once it
8:01:07does have that pullback. The pullback of
8:01:09that happening is very high. Uh I'm just
8:01:11going to keep my eye on it right now.
8:01:13I'm very confident on my analysis. I
8:01:15don't like that we are at this level and
8:01:19previously it's obviously reacted from
8:01:21it. I'm just going to keep my eye on it.
8:01:23If right now on the 30 minute time frame
8:01:25we break above this structure point
8:01:27right here, I'm probably just going to
8:01:29get out of it there and just call it a
8:01:32trade and just not even look back. And
8:01:34if it does somehow pull back up into
8:01:37this area, then I'm just going to be
8:01:39looking to enter new positions on it to
8:01:41sell. But yeah, if it breaks above that
8:01:43structure point, I'm just going to take
8:01:44my profits and run. If it keeps going
8:01:45down, I'm going to keep holding. So, I'm
8:01:46going to keep monitoring this trade live
8:01:48as it goes because this is a this can be
8:01:51a really really really big banger trade.
8:01:53So, I want to make sure that I'm on the
8:01:54lookout for it. Euro GBP on the other
8:01:57hand right now, the daily time frame has
8:02:00had a very clean rejection from this
8:02:02area. The weekly time frame didn't quite
8:02:04make it up to this area of interest how
8:02:06I wanted to. Even though this area of
8:02:08interest, I could technically squeeze it
8:02:09up and make it a little bit higher or I
8:02:11could also make it a little bit lower. I
8:02:13can make it something like this. On the
8:02:15daily time frame, we have had this
8:02:17pullback and we have had this this bit
8:02:20of a of a rejection.
8:02:25Not my favorite. It just h cuz if I
8:02:28enter the trade here and I put my stop
8:02:30loss somewhere around here. So let's say
8:02:31this is 15 pips. Let's say we make it at
8:02:3425 pips. And the next point where the
8:02:37market will potentially have a reaction
8:02:39can easily be this structure point right
8:02:42here. structure point from this right
8:02:45here will be a 1 to 2.5. Not a terrible
8:02:48trade, but I do see some type of odds of
8:02:51this just coming in here and giving it a
8:02:53better rejection before actually having
8:02:55a push. This is a perfect example right
8:02:57here. Price actually came into this area
8:03:00and then it rejected and even though it
8:03:02did come back. Same thing here. It did
8:03:04these little minor wick rejection but
8:03:06then it actually brought some full body
8:03:08candlesticks in there. So I'm just
8:03:11trying to avoid some unnecessary draw
8:03:13down or a potential wick out. We are
8:03:15bearish. This is the lower high. This is
8:03:17the lower low. We have had a very clean
8:03:20shift of structure.
8:03:23H
8:03:25if we can if we can break and retest
8:03:27this little head and shoulders right
8:03:29here, I'm going to take this trade
8:03:31clean. If we break it clean, I'm going
8:03:33to take this trade. I'm going to wait
8:03:35for this to have a very clean break, a
8:03:37clean retest, and then I'm going to be
8:03:39interested in taking this trade to the
8:03:40downside because I believe if it does
8:03:43that, it will continue to have the push.
8:03:45I believe if it doesn't do that, then
8:03:47it's just going to have a full push back
8:03:48up into here and then create a proper
8:03:51body structure rejection from this area.
8:03:53Because if we look at this for the
8:03:54market structure for what it is, the
8:03:57market structure technically hasn't made
8:03:58it into the area of interest. We notice
8:03:59the structure is not there. structure is
8:04:01always the bodies, never the wicks. And
8:04:03the bodies haven't made there. It's only
8:04:04been the wicks. So, for now, damn,
8:04:07that's crazy. You guys see this right
8:04:08here? These are notes from 2022 that I
8:04:11put here on Trading View. Monthly
8:04:13bullish
8:04:14on June 20th. So, that is literally
8:04:18three years ago.
8:04:20Jesus. I've been doing this for a long
8:04:22[ __ ] time. And some people in their
8:04:25first week, they want to quit. Isn't
8:04:26that crazy? USD card. Look at that. A
8:04:29round of applause, ladies and gentlemen.
8:04:31A round of applause.
8:04:34USD CAD wicked out and flew to our take
8:04:37profit for a one to four. Wow. We got
8:04:42[ __ ] diddied. D diddi straight
8:04:44diddled the [ __ ] out of us here. I can't
8:04:46believe it. I'm I'm I'm totally lying. I
8:04:49totally believe it. I saw it. I saw it.
8:04:51I didn't see it coming, but it is what
8:04:54it is. As soon as I got wicked out, I'm
8:04:55like, "Oh, there it goes. It's going to
8:04:56go straight to my take profit." Now, I
8:04:57had to do that in order to go to my
8:04:59takerit. Beautiful trade. I'll take this
8:05:0110 out of 10 times. A lot of people are
8:05:03always focused on how to avoiding these
8:05:06wickouts, and these wickouts are
8:05:07inevitable. The only way to avoid these
8:05:09wickouts are very easy, ladies and
8:05:11gentlemen. You want to avoid a wick out,
8:05:12don't trade. That's all I can say. If
8:05:15you're scared of getting wicked out in
8:05:16the markets, don't even get involved.
8:05:19When you get to the market, you're prone
8:05:20to the risk and you're also exposed to
8:05:22the reward. If you want the reward, you
8:05:24simply have to be ready to take the
8:05:26risk. Sometimes it's [ __ ] Yes,
8:05:27trust me, it is. It's part of the game.
8:05:29But you know what isn't [ __ ] That
8:05:32you forget to place a takerit and
8:05:34instead of it being a 1 to2, it goes to
8:05:36a 1 to7. That's happened to me before.
8:05:38And I don't know about you, but I don't
8:05:40complain in those scenarios.
8:05:43Free money, right? But I get it. Some
8:05:45people want to only focus on the
8:05:47negative aspect of trading, which are
8:05:50wickouts like this, but never realize
8:05:53the reward and the positive exposure
8:05:56that you're put out there when you
8:05:57actually take these trades. So, just put
8:05:59those things into perspective when you
8:06:00actually go execute a trade. Yes. Can
8:06:02you get wicked out? Yes. Is it
8:06:04avoidable? Yes. Don't take the trade.
8:06:07Simple. So, USD CAD, very clean trade
8:06:10for now. I'm not interested.
8:06:13NZD CAD right now we are cooking up the
8:06:15perfect left head right shoulder waiting
8:06:17for this break and retest of this
8:06:19neckline daily has had a very strong
8:06:22bearish pin bar currently accumulating
8:06:24at this area and there's not really much
8:06:27that we can do other than just set and
8:06:29forget I'm going to put an alarm here at
8:06:30the neckline to let me know once and if
8:06:32it does break it but yeah I can't really
8:06:34take a trade until it doesn't do that
8:06:35and Euro JPY uh looks like it's having
8:06:38the move but I'm not really that
8:06:39interested in it for now NZDUSD is our
8:06:42priority
8:06:43Euro GBP and NZDCAD. So, it's only
8:06:48Tuesday. We're already up $120,000.
8:06:53And uh I can see another trade. A lot of
8:06:55people think that, oh, swing trading,
8:06:56day trading is hard. It's not. It's
8:06:58actually super easy because when you're
8:07:00taking trades that have high probability
8:07:02trade setups, you know, they they tend
8:07:04to take their time to move in in their
8:07:06direction. For me, holding a trade
8:07:07anywhere for two to three days is a lot
8:07:09more logical if the probabilities are
8:07:12there rather than scalpers that they
8:07:13want to enter in and out of a trade in
8:07:15an hour and know if they won or if they
8:07:17lost. Well, you're probably going to
8:07:18lose more because the odds of a trade
8:07:21getting wicked out on the lower time
8:07:22frame is a lot higher compared to the
8:07:23higher time frame. People always trade
8:07:24in the lower time frames for whatever
8:07:27reason because I want the trades to be
8:07:28fast, but that's never going to lead
8:07:29them to be profitable. I don't know. I'm
8:07:31just ranting at this point. Let's check
8:07:33back in in a couple of hours for London
8:07:34session and let's see what happens.
8:07:39Oh my
8:07:41[Laughter]
8:07:43what the [ __ ] Oh my
8:07:48god.
8:07:50[Laughter]
8:07:55Yo, what the [ __ ]
8:07:58bro?
8:08:00What the [ __ ] We are up right now.
8:08:05Yo, you can't make this [ __ ] up, bro. We
8:08:08are now up $330,000
8:08:12off the same [ __ ] trade. Oh my god.
8:08:17Yo, I was literally going to I just got
8:08:19out the shower and I was like, "Yo, let
8:08:20me go back and do the trade update."
8:08:22Saying that, "All right, for London
8:08:24session, I'm just going to decide to
8:08:25continue to hold." Holy [ __ ]
8:08:30Oh my god.
8:08:35Oh,
8:08:37what the [ __ ] is going on?
8:08:41Yo
8:08:42yo NZD CAD, we're waiting for the break
8:08:45and retest of the money line. Oh my god,
8:08:48bro. We had the whole move already.
8:08:51Oh my god.
8:08:53Yo, what happened? Was there some news?
8:08:58What the [ __ ] 1000 p.m.
8:09:02What the I mean, ladies and gentlemen,
8:09:06trade update. We're [ __ ] lit.
8:09:12Yo, we're up $337,000.
8:09:15$340,000.
8:09:16You can't make this [ __ ] up. You guys
8:09:18have seen the whole entire process of
8:09:19this trade. Oh, I'm buying some crazy
8:09:22[ __ ] That's it. I'm buying it. I I I'm
8:09:23I'm I'm going to buy another Bugatti. I
8:09:26I I I gotta do something, bro. I just
8:09:28made a $350,000.
8:09:31Wow. Well, ladies and gentlemen, that
8:09:33for you is a [ __ ] perfect example.
8:09:35Yo, hold on. Hold on. I got to I got to
8:09:39Yo, I'm going to put this [ __ ] on
8:09:40Twitter right now. All the haters are
8:09:42going to [ __ ] hate this [ __ ] Oh,
8:09:45bro. I I I'm literally in shock. I'm in
8:09:47shock right now. I'm in shock. I did not
8:09:49expect this going to sleep right now. I
8:09:50was literally going to go to bed early
8:09:52to wake up early. Bro, this is insane.
8:09:56All right, I'm going to focus. Ladies
8:09:58and gentlemen, market update. NZDUSD
8:10:01take profit fully officially [ __ ]
8:10:03hit. I am definitely going to close
8:10:05this. It It could still continue to go
8:10:07down, but I will be closing this in the
8:10:08next 30 40 minutes. I have no intention
8:10:11to continue to hold this. It's gone way
8:10:14past my takeprofit and I am not going to
8:10:16be greedy. I am going to know exactly
8:10:18like I know exactly what I'm doing here,
8:10:20right? I'm going to just take my profits
8:10:22and close it out. We're at more than I
8:10:24want to two. This is the situation where
8:10:26you cannot get greedy. Let me post all
8:10:28this [ __ ] on social media real quick and
8:10:30I'll be right back. All right, give me a
8:10:31second. All right, boys. Update. So, I
8:10:35officially closed the trade right now.
8:10:37So, we closed the trade at
8:10:41Jesus. We closed the trade at
8:10:45$396,000
8:10:49in profit. Can you guys see that right
8:10:51there? $349,000
8:10:54in profit. Sorry. Can't forget that
8:10:58mother, bro. [ __ ]
8:11:01this [ __ ] man.
8:11:03Hi. You think I I see you. Come here.
8:11:05Come here. Come here. Come here, you
8:11:08[ __ ] Yeah. Yeah. [ __ ] with me.
8:11:11All right. [ __ ] with me one more time
8:11:13and see what the [ __ ] goes down. All
8:11:15right. [ __ ] [ __ ]
8:11:24But on a serious note, this is an
8:11:26absolute phenomenon of a trade. This is
8:11:28a beautiful a perfect trade setup.
8:11:31Cannot ask for more. I literally closed
8:11:33right at the bottom here at a one to
8:11:34five risk-to-reward. Do I think this is
8:11:36going to continue to go down? Yes. But
8:11:39wow, that was a great trade. I am going
8:11:41to be honest, ladies and gentlemen.
8:11:44I'm not trying to trade for the rest of
8:11:45the week. I'm I'm good. I'm good.
8:11:48Like I'm literally good. This is insane.
8:11:55This is insane. This is insane. This is
8:11:58insane. This is insane. Wow. So, all I
8:12:02can say, ladies and gentlemen, at this
8:12:03point is I hope you guys enjoyed this
8:12:05video. Trades like these are the ones
8:12:08that turn a somewhat profitable month
8:12:11into a very profitable month. You can't
8:12:14anticipate for one to five
8:12:17risk-to-reward trades to come. You can't
8:12:19anticipate for massive moves like this.
8:12:22All you could anticipate is how you're
8:12:25going to react when the market gets to
8:12:27your one to two risk-to-reward profit,
8:12:29how mine was, and then you make the
8:12:32decision to determine if you want to
8:12:34continue to hold or not. That is the
8:12:36only thing you can anticipate. That is
8:12:38the only thing you can prepare for. You
8:12:40cannot prepare for anything else. That
8:12:42is the only thing you need to focus on
8:12:45as a trader. What you're going to do
8:12:48when it comes to decision making with
8:12:49the market gets to a position like the
8:12:51one that it just did right now. Are you
8:12:53going to decide to hold or are you going
8:12:55to decide to close? Now, regardless of
8:12:58the outcome, let's say if I did close
8:13:01this position at that point right there
8:13:03and this market did this 1 second after
8:13:07I closed it, would I have been mad?
8:13:10Of course, right? I'm human. But you
8:13:12know what I would have done? I would
8:13:13have gone back to sleep and then I would
8:13:15have just pretended like it never
8:13:17happened the next night. 90% of you guys
8:13:19would be dreading on those profits for
8:13:22weeks, months, and that what it does is
8:13:25that it gives you this constant negative
8:13:27energy approaching the market. And it
8:13:30will no matter what affect your decision
8:13:32to the next trade. And that is what you
8:13:35need to control. That is what you need
8:13:36to master. how you're going to react
8:13:38based off the decision that you make.
8:13:41Cuz if I decided to close that position,
8:13:45I need to be okay with the outcome,
8:13:46whether it went back to break even or
8:13:48whether it did what it did. And if it if
8:13:50I decided to hold and now I reap the
8:13:52benefits of taking that risk, now I have
8:13:55to be ready to control my emotions. I
8:13:57have to be ready and say, you know what,
8:13:59I'm done for the week. or if the next
8:14:01trade that I'm going to take, is it a
8:14:03logical trade idea or am I just making
8:14:05an impulsive move because I just made a
8:14:06lot of money and I want to make more
8:14:08money. If you notice, the first thing I
8:14:09said as soon as I got back on here is
8:14:11I'm done trading for the week cuz I know
8:14:13myself. I know that now I feel like the
8:14:15[ __ ] and I want to go make another 300
8:14:18and close off at a million dollar week.
8:14:20But I'm not going to do that right now.
8:14:22I'm not prepared for that. I those
8:14:24weren't my intentions for this week. My
8:14:26intentions for this week were 200 max
8:14:28and I surpassed that. So, I know myself
8:14:30and I stay true to my plan and my rules
8:14:32and that's why I'm at the position where
8:14:34I am. And that's probably the best piece
8:14:36of advice that I can give you right now.
8:14:37All right. So, you guys just saw me
8:14:38break down that big trade that I took a
8:14:41couple of weeks ago. And you guys saw
8:14:44different ways of how I actually react
8:14:46to the market when it does certain
8:14:48moves. You guys probably saw some
8:14:49terminologies that I've explained a
8:14:52little bit deeply inside of this class.
8:14:53other ones that I might have said over
8:14:55the top like you know previous structure
8:14:57point um some types of shift to
8:14:59structure but it all comes down to the
8:15:01core foundation of what I have taught
8:15:03you guys in this video right here
8:15:06everything that I have taught you guys
8:15:07in this video is exactly what you need
8:15:10to be able to understand that market
8:15:12that I broke down 80%. The other 20% is
8:15:17just simply based off of experience and
8:15:20then actually having a bit more
8:15:22knowledge when it comes to defining the
8:15:23core points of my strategy, which is
8:15:26like how to basically tie up all these
8:15:28other extra confirmations, extra shifts
8:15:30of structure, putting into intertwined
8:15:33smaller areas of interest, a certain
8:15:35type of engulfing after a certain time
8:15:37frame. These are all things that you're
8:15:38going to learn with time. But if you
8:15:40notice the whole entire breakdown of the
8:15:42strategy, everything of that trade that
8:15:44I took was based off of trend, was based
8:15:47off of an area of interest, a pattern,
8:15:49which is head and shoulders, and then my
8:15:51entry signal. So, I had to be extremely
8:15:53patient when it came to actually
8:15:55executing this trade as you guys can
8:15:57tell. And when it came to the
8:15:58take-profit placement, I had to be
8:16:00extremely patient and almost a little
8:16:02bit lucky to actually capitalize off of
8:16:04it more than I should have. Now, a very
8:16:06important thing when it comes to that
8:16:08type of trading is that you obviously
8:16:10are as unemotional as you possibly can.
8:16:13Sometimes I overreact a little bit for
8:16:15the camera. Sometimes I generally do
8:16:17feel like that. But that doesn't let me
8:16:21that doesn't affect my actual execution
8:16:23of the trade or the way I manage it.
8:16:25Like I follow a very strict plan. I
8:16:27enter my trade. I get out when it hits
8:16:28either my stop loss or my takerit.
8:16:30whether I'm up a certain amount of money
8:16:32for the day or whether I'm down a
8:16:34certain money for the week or for the
8:16:35month. I have pre-calculated the risk
8:16:38before I enter the trade and I have a
8:16:41full understanding of the position that
8:16:42I'm in which is the most important part
8:16:44in trading is literally understanding
8:16:46the position that you are interested in
8:16:48taking. A lot of traders once again
8:16:50don't know what type of a position
8:16:52they're actually interested in entering
8:16:54into the market. And that leads me to
8:16:57the next point, which is how to actually
8:17:00do what I did, right? Make a lot of
8:17:02money when it comes to trading. And you
8:17:04can know the strategy all the way to the
8:17:06end. You can perfect it exactly how I've
8:17:08perfected it over the last four years.
8:17:10But if you don't have a significant
8:17:13amount of funds, you're simply not going
8:17:15to make it in trading. Like I'm talking
8:17:16about you can literally learn the
8:17:17strategy, have all the experience in the
8:17:19world, but if you don't have the proper
8:17:22funds or the proper way on how to manage
8:17:24these funds, it means absolutely
8:17:26nothing. In my trading journey, it took
8:17:29me about
8:17:31a year and a half to understand the
8:17:33market, 70% of how I know it now. The
8:17:36other 30% of how I know it now is just
8:17:38more intuition and a lot of experience.
8:17:40But the core foundation of understanding
8:17:41everything I've taught you in this video
8:17:44took me about a year and a half. It took
8:17:46me about another year just to learn how
8:17:49to actually manage the money and how to
8:17:52scale it. One thing is reading the
8:17:54charts and then another thing is
8:17:56actually trading with real money behind
8:17:58it. The best example, the best analogy I
8:18:00can put is like going to go hunting,
8:18:02right? You can know everything about the
8:18:04forest, right? All the animals that are
8:18:06inside of the forest. You can know all
8:18:08the possible trees. You can know exactly
8:18:10how to load up your weapon. You can
8:18:13clean it. You can align it. You can
8:18:14polish it in the shooting range.
8:18:16Everything could be great. And you know
8:18:18exactly how to make the noises to
8:18:20attract the animals. All the preparation
8:18:22of going to go hunt. You know it
8:18:25perfectly. But at the point of actually
8:18:27executing and pulling the trigger once
8:18:30you see the animal on your scope is a
8:18:34completely different scenario prior to
8:18:37everything that you've done. you can
8:18:38analyze the markets perfectly. You can
8:18:41actually have the strategy to the tea,
8:18:43but actually executing that trade with
8:18:45the proper risk management is where most
8:18:48traders fail. Now, there's times where
8:18:51they execute things correctly and
8:18:53there's other times where they execute
8:18:54things incorrectly and then there's an
8:18:56unconsistency in their results. Perfect
8:18:59example, back to the shooting analogy or
8:19:01the hunting analogy. Let's say the first
8:19:02time you go shoot an animal uh or the
8:19:05first time you go hunt, you actually hit
8:19:07your target and it's a success. It
8:19:10that's going to give you a bit of a
8:19:11boost of confidence. So, your next time
8:19:13around to come hunt, you might not have
8:19:16extra extra bullets. You might not
8:19:19actually have your camouflage on. You
8:19:21maybe have a smaller scope or you don't
8:19:23take as long to get the proper aim. And
8:19:25then on that next shot, you actually
8:19:27miss your target. Well, then that's
8:19:28going to decrease your confidence on the
8:19:32third shot. Come the third shot, now
8:19:33you're overthinking everything. You're
8:19:35overp preppering. And then guess what?
8:19:37You make too much noise. There's too
8:19:39much going on. And then the animals
8:19:40don't come. And then you scare them as a
8:19:42whole. Now you're just a frustrated
8:19:44hunter. And then you basically end up
8:19:45hating the sport because you found
8:19:47success at the beginning. And then what
8:19:49ended up happening is that there was an
8:19:51inconsistency on that success at the
8:19:53beginning. And then you basically just
8:19:55gave up on it as a whole. That's what
8:19:57happens to a lot of traders. Traders
8:19:59come into the markets, they might see a
8:20:00little bit of money because they either
8:20:02got lucky or made the right decision,
8:20:04but then they get way too confident.
8:20:05Then they start getting way too
8:20:07comfortable and then they start being
8:20:09unconsistent with correct things and
8:20:12then they start getting too deep into
8:20:13their head and now they enter this
8:20:14negative spiral or even overthinking and
8:20:17they have all of these opportunities
8:20:18constantly being missed right in front
8:20:20of their face. And this what ended up
8:20:22leading into is traders just quitting
8:20:24trading and they don't end up continuing
8:20:26with this journey. Now this is a very
8:20:28very very common mistake of traders in
8:20:31any part of their journey and with any
8:20:33part of the strategy and it's the risk
8:20:35management and the money management
8:20:37side. I personally myself I think I've
8:20:39had one of the most legendary flips in
8:20:41the industry which is turning a $100
8:20:43into a million. And a lot of people know
8:20:45me for this, but they don't know the
8:20:47preparation, the experience, and how
8:20:49many times I actually attempted to do
8:20:51this. Like, this was not an easy task. I
8:20:53attempted to turn a h 100red into a
8:20:55million. I think it took me a year and a
8:20:56half to actually complete this. I
8:20:58attempted it one time after failing like
8:21:01five times. I took the account from $100
8:21:04to about $330,000.
8:21:06And in one single week, I completely
8:21:08blew the whole entire account. I took
8:21:10about a threemonth break and then I come
8:21:12back and I document the whole entire
8:21:14journey again. Literally showing you
8:21:16guys as transparent as it can possibly
8:21:18be the before, the during, the after of
8:21:20every single position exactly how I have
8:21:22just done in this last position right
8:21:24here that I have just broken down. I did
8:21:26the exact same thing when I was taking
8:21:28the 100 bucks into the mill. And if
8:21:31there's something that I learned in that
8:21:33journey more than ever and what actually
8:21:35led me to the success, it's not the
8:21:37decision making behind the trade, it's
8:21:40the decision-m behind the actual trade
8:21:43management and the risk management. When
8:21:45is the right time to hold the trade?
8:21:47When is it not? When is the right time
8:21:48to risk more? When is it not? And that
8:21:51is all based off of my clarity when it
8:21:54comes to the charts because I know how
8:21:56to read the charts. I don't need to read
8:21:59more of the charts. Like everything that
8:22:01I've taught you is everything you need
8:22:03to know trading. I'm just repeating
8:22:05myself at this point, but it's how I am
8:22:09mentally when I'm going to go read these
8:22:10charts. Did I just go have a bad day at
8:22:12work? Did I just have go a great day at
8:22:14work? Am I just looking to make some
8:22:16profit because I I couldn't work this
8:22:19week? Or am I just looking to double up
8:22:21from the profits from last week? am I
8:22:22looking to catch like everything is how
8:22:24am I as a person when I am actually
8:22:27going to do this trade management or do
8:22:29this account flipper scale. So what I'm
8:22:31going to be breaking down for you guys
8:22:32right now is exactly how I took the
8:22:35hundred bucks into a mill successfully
8:22:37and unsuccessfully. The first time that
8:22:39I did it and then the second time that I
8:22:41did it. I'm going to break down the risk
8:22:42management behind every single one of
8:22:45these trades that I did. And you guys
8:22:46can go see this challenge for yourself.
8:22:48I think there's a 10, 12, 13 part
8:22:50series. It took me about 3 and 1/2
8:22:52months, nearly 4 months when I actually
8:22:54completed it. And I have a full series
8:22:56here on my YouTube channel. You guys can
8:22:57go ahead and go watch it if you'd like.
8:22:59But I'm going to summarize everything on
8:23:02this video right now. So, let me break
8:23:03it down for you guys. All right. So, I'm
8:23:05going to break down to you guys the
8:23:06exact math that I used to take the 100
8:23:09bucks into the mail. Now, I'm going to
8:23:10make this extremely clear right now. I
8:23:11am not a financial adviser. I'm not here
8:23:13giving you legal advice. I'm just
8:23:15letting you know how I did this. And uh
8:23:17I had some
8:23:19great experiences at times and then some
8:23:21other times it was not so great. And my
8:23:23decision-m and my actual trade
8:23:25management is what led me to completing
8:23:27my challenge of taking a 100 bucks into
8:23:29a mill, right? But just want to make
8:23:30sure it's not financial advice. I trying
8:23:32to educate you guys on how I did it
8:23:34personally myself. So when people think
8:23:37or people hear of me taking a $100 into
8:23:40a mill, the first thing immediate red
8:23:41flag is like impossible. It is fake. It
8:23:44is not true. And I'm going to be honest.
8:23:46I did not take a $100 into a million.
8:23:49That is actually impossible. And I am
8:23:51here saying this on the record. There is
8:23:54no humanly possible way that I took one
8:23:58singular $100 bill into a million. That
8:24:01is just not possible. But what I did do
8:24:04is that I did take the $100 into about
8:24:08$400. And then I did take these $400
8:24:12into about $3,200.
8:24:15And then I did end up taking these
8:24:17$3,200
8:24:18into about $8,000.
8:24:21And then I know I was at break even with
8:24:24these $8,000 for roughly, let's call it,
8:24:27two weeks. But then I took this $8,000
8:24:30into about $15,000.
8:24:33Then I took these $15,000 from what I
8:24:36remember, I think it was around $30,000.
8:24:39after taking these 15 to 30,000. Then I
8:24:42know I lost it back to I think I think
8:24:44it was 17,000 more or less. Then I took
8:24:47these 17,000 all the way up to about 55
8:24:52and then going from 55 everything was
8:24:55pretty much history, right? We go from
8:24:5755 to about 100, 100 to 300 and then the
8:25:01300 we just finish it off on a full live
8:25:04session. At no point did I ever take one
8:25:09singular $100 bill to a million. What I
8:25:12ended up doing is I am constantly
8:25:15scaling and flipping this current
8:25:18account balance to this, then this
8:25:20current account balance to then this,
8:25:22this to this, this to this, and then it
8:25:23just constantly is scaling to the next
8:25:26level where my end goal was to scale all
8:25:29the way to a million dollars. and me
8:25:32taking this account up to this one and
8:25:35then up to this one and then this like
8:25:36me taking this 400 bucks into 3200
8:25:39taking this 3200 to 8,000 is with the
8:25:42exact strategy that I have just taught
8:25:43you in this video. There's just one
8:25:45thing that led me do this successfully
8:25:48and that is going to be risk management.
8:25:51Risk management is what led me to be
8:25:54able to successfully scale this account
8:25:56and it's how I did it. So, I'm going to
8:25:58explain to you how I properly did it.
8:26:00And I'm going to be extremely blunt and
8:26:02I'm going to be extremely
8:26:03straightforward at this very point. I
8:26:06did this because at no giving point was
8:26:10this starting balance a significant
8:26:13amount of money for me. I could have
8:26:15lost the account from this point right
8:26:17here. And I did when we made it all the
8:26:19way to 333,000
8:26:22I think or I think it was 308,000 or
8:26:24something like that. I ended up blowing
8:26:27this 308,000. It was what I had in the
8:26:31balance of my MetaTrader 5. Now, that is
8:26:34obviously a lot of money, right? Even at
8:26:35the point where I am now, I'm extreme.
8:26:37You know, I've made multiple seven
8:26:38figures in trading. I recognize that
8:26:40that's a lot of money. And so, that
8:26:41could be life-changing to some people.
8:26:43And some people might have maybe not
8:26:45actually gone all the way and they would
8:26:47have probably closed the accounts or,
8:26:50you know, called it there, right? They
8:26:51would have not made it all the way to a
8:26:52million. But the way that I looked at it
8:26:55is that I started off with a h 100
8:26:57bucks. If I lose this $300,000, if I
8:27:00even lose a million dollar out of my own
8:27:03pocket, I'm only losing a h 100red
8:27:05bucks. So the starting balance to me is
8:27:08not a significant amount of money. So I
8:27:11am able to have a much more aggressive
8:27:14approach. And this is something that is
8:27:17extremely
8:27:20aggressive. This is something that I
8:27:22personally do not recommend for anybody
8:27:24to do. If you are a beginner, I
8:27:26recommend that you actually, you know,
8:27:28learn trading and then you start with a
8:27:29significant amount of money that does
8:27:31not mean something to you. So for the
8:27:33first trade, what I always always always
8:27:36do is I always risk 100% of the
8:27:40position. So my first trade to me is
8:27:44simply the most important trade because
8:27:46you simply need to get out of the hole,
8:27:48right? you need to fullport the account
8:27:50until you are not able to risk anymore.
8:27:52So, you don't even need to go to your
8:27:54position size calculator and
8:27:56pre-calculate your risk. If you have a
8:27:58$100 account and you want to buy or sell
8:28:01a market, for example, like the one that
8:28:03I'm in right now, you just simply go to
8:28:05your MetaTrader 5, you click on lots and
8:28:07you just try and put the max possible
8:28:10lots that you can. Now, two things are
8:28:13going to happen. You're either going to
8:28:14blow the 100 bucks, how I've done tens
8:28:17of times, or you're simply going to then
8:28:20scale your account to 400, 500, 300,
8:28:23whatever point where your trade actually
8:28:25hits your takerit. Now, once you get to
8:28:27this second point, now you're officially
8:28:29out of the hole. So, what you can decide
8:28:31to do at this point is either one,
8:28:33withdraw your original balance, which is
8:28:35100 bucks, and then you're basically
8:28:37just playing with the house money at
8:28:38this point, and you have no risk. So you
8:28:42should not have any care for what is
8:28:44going to happen from this point forward.
8:28:46The money is not yours until it's not in
8:28:49your bank account. And if it's inside of
8:28:51this trading platform that is not your
8:28:52bank account, that money is technically
8:28:54not yours yet. So you need to treat this
8:28:56with a with a certain approach. I
8:28:58personally myself on the next flip, I
8:29:00decide to go ahead and then risk 100%.
8:29:03Once again, after we then flip this
8:29:06second amount of money to around 3,200,
8:29:09here's where I'll decide to slow down a
8:29:11little bit and then put the brakes on.
8:29:13I'll either go from 60% to about 50%
8:29:16risk from this point forward because
8:29:19we're already around 2 3 weeks ahead,
8:29:21right? Every single one of these account
8:29:23flips that you're seeing right here,
8:29:24these are weeks that are going by. And
8:29:26to me, 3 weeks is a lot of time. And I
8:29:30want to make sure that I'm not doing
8:29:31something that it's just going to be a
8:29:33waste of time, right? Because time is
8:29:34money at the end of the day. And if this
8:29:36were to be happening every day, sure,
8:29:39like, you know, it's it's a lot easier
8:29:40to move this percentage up and down. And
8:29:43I could have been even more aggressive.
8:29:45But since at this point in the
8:29:47challenge, I'm already on the third
8:29:49week, I don't want to be a whole entire
8:29:51month doing this challenge for me to
8:29:54just be overly aggressive and then
8:29:55potentially blow the account. That's why
8:29:57I start to minimize my risk. And all of
8:30:00this is by simply executing one single
8:30:02trade. I'm not taking five trades a
8:30:05week. I'm not taking three trades a
8:30:06week. I'm not taking I'm literally
8:30:09taking one single trade. what I'm doing
8:30:12and the best analogy I know I have a lot
8:30:13of analogies but the best analogy that I
8:30:15can put to this is I am literally a
8:30:17baseball player standing at home base
8:30:21and I'm getting pitched a ball every
8:30:25single minute and I'm just standing
8:30:27there on home base and I have endless
8:30:28amounts of pitches. The the pitcher is
8:30:30just a robot just going to keep throwing
8:30:31balls, keep throwing balls and I'm not
8:30:33obligated to swing at any point. I'm
8:30:36just there standing at home base waiting
8:30:38for that perfect pitch and I know that
8:30:43if I strike I'm out because I'm risking
8:30:47such a high percentage amount in the
8:30:48account. So I want to make sure if I am
8:30:51going to swing it is going to be a
8:30:54perfect pitch and I'm going to be ready
8:30:56for that perfect swing. Is there times
8:30:58where that perfect pitch has come and
8:31:01I'm simply tired of standing at home
8:31:03base and I don't swing? Yeah, of course.
8:31:06I will not swing until everything does
8:31:09not align because I know if I if I
8:31:12strike if I miss, I strike out and I'm
8:31:14done. I can't continue to play. So, or
8:31:17and in the trading term, you simply blow
8:31:19the account and you cannot continue to
8:31:20trade this account. You have to deposit
8:31:21money again. So, my trade selection when
8:31:25it came to these trades was extremely
8:31:28precise. I would break down my 10
8:31:30markets for the week and out of all the
8:31:3210 markets that I had for the week, I
8:31:34would really, really only focus on
8:31:36three. And out of those three markets, I
8:31:38would just wait for that one. It had to
8:31:41be that perfect trade setup that gave me
8:31:43the exact entry signal that I need that
8:31:45I would be 100% confident that this
8:31:47trade is going to go in my favor. And I
8:31:50would make sure that if I am 100% wrong
8:31:54on this position, I am totally okay with
8:31:56it. I am totally okay if I give my all
8:31:59on this swing that I strike out. Right?
8:32:01Because I've been extremely pat I've
8:32:03been extremely patient. I've seen a
8:32:04hundred different pitches come by. And
8:32:07have I missed out on some pitches and
8:32:09they could have been home runs? Sure.
8:32:11But you know what? I wasn't 100%
8:32:13confident. And I am only taking that
8:32:15position when I am 100% confident. That
8:32:18decision making right there, that
8:32:20experience, that intuition, that mindset
8:32:25is what led me to properly take the 100
8:32:28into the mill. Or better said, it's what
8:32:30let me take the 100 into 400, the 400
8:32:34into 3200, the 3200 into 8,000.
8:32:38Throughout this whole entire challenge
8:32:40that I did, I probably predicted
8:32:4340 solid move setups. And I maybe only
8:32:47caught seven, eight, nine, 10 max. I'm
8:32:50not here to catch every single move. I'm
8:32:52here to catch the right one. So after me
8:32:54taking the 3,200 into then 8,000 is
8:32:57where then I start to lower my risk even
8:32:59more. So here I started to go anywhere
8:33:01from 50% to around 40%. And the same
8:33:05exact thing applies. I am only risking
8:33:07this on one single position. If I enter
8:33:10one trade for the week and I win, I am
8:33:13done. I don't need to execute another
8:33:15position. It's a one and done for the
8:33:18week. If I lose a position for the week,
8:33:20one and done. I am done for the week. I
8:33:23will come back next week because I know
8:33:26myself and I know how I react to the
8:33:27market. And if I am entering a position
8:33:31and I lose, I know myself and I know
8:33:34that I'm going to want to chase that
8:33:36loss back and gain back more profits. Or
8:33:39if I were to win a trade, I know that
8:33:41I'm going to want to win more for the
8:33:43week. I want to end up more on top. So a
8:33:45simple rule on how I minimize that is
8:33:48I'm just simply a oneandone type of guy.
8:33:50Win or lose, I am done. because I know
8:33:52by the time that next week will come by,
8:33:55my mindset will be so much more clear
8:33:57that I won't even remember what happened
8:33:58last week. So much time has gone by. Did
8:34:01I break this rule a couple times
8:34:02throughout the challenge? Yes. And if
8:34:04you guys go see the series, you guys are
8:34:06going to see how I hold myself
8:34:07accountable because I know that I have
8:34:11tens of thousands of people, hundreds of
8:34:13thousands of people, millions of people
8:34:14that were going to be watching this
8:34:15challenge. And nobody was going to hold
8:34:18myself accountable how I was. And I need
8:34:20to set that standard to whenever you do
8:34:23something wrong, you actually do
8:34:24something about it. Because us traders
8:34:27right now, I'm here in my office and I
8:34:29can decide to click buy or sell on a
8:34:31position right now. Nobody's going to
8:34:33come and tell me that I'm doing the
8:34:34right or the wrong decision. It's only
8:34:35myself. Only myself is going to know if
8:34:37what I'm doing is right or wrong. And I
8:34:40need to have the mental clarity to
8:34:42understand on what I'm doing is right or
8:34:44wrong. If you're on a two, three week
8:34:46losing streak or on a two, three week
8:34:48winning streak and you're still a
8:34:50beginner intermediate trader, I can
8:34:52guarantee you you're going to you're not
8:34:53going to have extreme clarity. You're
8:34:55going to feel like the king of the
8:34:56world. I've been there, believe me. And
8:34:58as an experienced trader now, and as
8:35:00I've aged, I think I've aged like fine
8:35:02wine in the trading space. And I
8:35:05understand the difference in between one
8:35:07and the other. And when you're in a
8:35:09challenge, when you're in a a series
8:35:11like this, all this stuff starts getting
8:35:14very murky. And if you don't set the
8:35:15foundations from the beginning, it's
8:35:17only going to end bad because you want
8:35:20to get to this end goal as quick as
8:35:21possible. You don't want to go through
8:35:23four months of hell to get to this point
8:35:25right here. What matters is how you set
8:35:28the rules before you begin. And these
8:35:30were my core base rules. After me taking
8:35:33it to about 15K, at this point right
8:35:35here, what I started to do is I started
8:35:37to stay from around 40% to then 35%. And
8:35:42then basically what I did from this
8:35:44point on is I stick through this same
8:35:47exact same risk management rule
8:35:49throughout the whole entire challenge. I
8:35:51never went below 35%. Maybe I went to
8:35:54about 30% 27% depending on the the type
8:35:58of trade, how long I predicting it was
8:36:01going to be or if I could have even
8:36:03actually traded. You know, I traveled a
8:36:04couple times throughout this challenge
8:36:06and I wanted to make sure that yes, it
8:36:08was the perfect swing and it was the
8:36:11perfect pitch, but it was just not worth
8:36:13missing out on. And I'm personally okay
8:36:16with risking a certain amount of the
8:36:18account. Sometimes it worked in my
8:36:19favor. Other times that it did. But the
8:36:22most important thing right here, and
8:36:24believe me, I I I cannot stress this
8:36:26enough is going to be this right here.
8:36:28this risk management and the decision
8:36:31makingaking behind the trade that you
8:36:33are analyzing. If you're going to enter
8:36:35a trade, make sure that it's the right
8:36:37trade. And then following throughout all
8:36:39of this, what led me to the true success
8:36:43is going to be this right here, RR,
8:36:47risk to reward. This is what made the
8:36:50difference from this turning from $100
8:36:55into a million and that turning from a
8:36:57hundred to a h 100,000. The difference
8:37:00was risk-to-reward. Why is that? Well,
8:37:03because some positions I would go for a
8:37:06one to two risk-to-reward. Other
8:37:08positions I would go for a one to4
8:37:11risk-to-reward. And this one to four
8:37:14risk-to-reward would take me out of the
8:37:17hole. Like you can't even imagine
8:37:19because let's say I'm trying to risk a
8:37:20hundred bucks and then the goal is to
8:37:22flip it. If I'm doing a one to two
8:37:25risk-to-reward, that's just times two,
8:37:27right? I'm taking 100 bucks to 200
8:37:29bucks, right? Nobody cares. Just 100%
8:37:31200% no big deal. But if you apply this
8:37:34percentage going from 100 to 400, it's
8:37:37far more of a strong base to then take
8:37:40the 400 to 3,200 for example. Because if
8:37:43I were just to have 200 bucks and then I
8:37:45just apply the same exact one to two
8:37:47risk-to-reward, it's taking 200 to then
8:37:49400 bucks. So you just wasted a whole
8:37:51week trying to do what you could have
8:37:53done in one simple week by simply
8:37:55continuing to either hold the position
8:37:57or have bigger take profits on the
8:37:59original trade that you're taking. So, I
8:38:02always attempted to have every single
8:38:04trade setup, always be a minimum of a
8:38:07one to two risk-to-reward. This is
8:38:08always going to be the minimum of every
8:38:10single trade that I'm going to take. The
8:38:12minimum of the risk-to-reward has to be
8:38:14this because that is what's going to
8:38:15lead you to profitability. That is just
8:38:17a fact, right? But I would always aim
8:38:19for the trade to have a potential of a
8:38:22one to4 risk-to-reward because I'm
8:38:25essentially getting another trade for
8:38:28free. exactly what I would be doing
8:38:30right here. I'm literally getting it for
8:38:33free by just simply holding the trade to
8:38:36then get a 1 to4 risk-to-reward. For
8:38:38example, let's say I'm going to be
8:38:39buying a position, right? I'm going to
8:38:41be buying this trade. This is the area
8:38:43where I'm going to be buying it. And the
8:38:45minimum I would always place my
8:38:46risk-to-reward ratio is going to be a
8:38:491:2. This is the minimum. No matter no
8:38:51if, ends or buts. But I would always set
8:38:55the trade to have a minimum of a one to
8:38:58four. So if the trade gets to this one
8:39:00to four, I know for a fact that okay,
8:39:04you know what? Not only was it worth the
8:39:06trade to be at a one to two, but it has
8:39:09the potential to be at a 1 to4, meaning
8:39:11I'm going to basically get a whole other
8:39:13trade that I am entering right here.
8:39:16It's like me entering two trades, but
8:39:18without risking the second one. I'm
8:39:21literally getting this one to four
8:39:22risk-to-reward, which is two trades, by
8:39:25only risking what I would on one. That's
8:39:27where the money is because I didn't need
8:39:29to have additional risk to make more
8:39:32money. It's just the winning trade. I
8:39:34let it be a continuous winning trade. I
8:39:37didn't have to take another trade to
8:39:39make more money. I didn't have to add
8:39:41risk into the account for me to make
8:39:44more money. I didn't have to overexpose
8:39:47myself. I didn't have to swing again to
8:39:50catch a home run. All I would do is just
8:39:53let that ball continue going. Obviously,
8:39:55in the baseball term,
8:39:58can't really control where the ball
8:39:59went, but let's just pretend like you
8:40:01can decide when you want to let off of
8:40:04of the bat, right? I would just continue
8:40:06to hold on to the bat because the ball's
8:40:08going to continue to go. So, this is
8:40:11what literally changed the game for me.
8:40:14Having the trades go further from the
8:40:16takerit than what they already were
8:40:18because what this would do is that I
8:40:21didn't have to do anything else other
8:40:23than set and forget. And that is what
8:40:25gave me clarity because I didn't have to
8:40:28be stressed about entering another
8:40:29trade. That is what literally made my
8:40:32job so easy because I just simply did
8:40:34nothing. That also gave me confidence on
8:40:37the next trade because if I do the exact
8:40:39same setup and obviously minimum of a 1
8:40:42to2 risk-to-reward always but with a
8:40:44potential to be a 1 to4 that gave me the
8:40:47confidence on the next position to do
8:40:48the exact same thing. And when you
8:40:51compound all of these positives on a
8:40:53trade over the course of three months,
8:40:57you're going to have a perfect equation
8:40:59for success. It's just the simple truth
8:41:01and you're following a proper strategy.
8:41:03The odds of you failing are very low.
8:41:05It's very unlikely. If you're taking one
8:41:08simple trade setup a week and it meets
8:41:10every single confluence and you have a
8:41:12minimum of a 1 to2 risk-to-reward and
8:41:14you have a potential for it to be at a 1
8:41:17to4, why shouldn't you succeed? You're
8:41:19following every single possible need for
8:41:21the trade to make sense. Now, this is
8:41:24the core foundation of what I did to
8:41:26actually take the hundred bucks into 400
8:41:29and 400 into 3200. hate saying that I
8:41:32took a hundred into a million because to
8:41:35be technical and to be real, I
8:41:37technically took $300,000 into a
8:41:40million, but the starting balance was
8:41:43hundred bucks, right? But not to get too
8:41:44technical, I want to literally show you
8:41:47guys how I did this. So, what I'm going
8:41:49to be showing you guys right now are
8:41:50literal live footages that you guys can
8:41:53go check out right now in the YouTube
8:41:54channel, but I'm going to put it in this
8:41:56video here of me literally showing you
8:41:58guys the before, the during, the after,
8:42:00and the explanation of every single
8:42:02trade, why I was interested in entering
8:42:05the trade, my thought process on
8:42:07entering the trade based off of where I
8:42:09was in the week, and if I had just won,
8:42:11if I had slept, if I had not slept,
8:42:13because that all influenced greatly into
8:42:15my decision- making of the trade and the
8:42:17end results of the trade, if I ended up
8:42:19winning and how I reacted, if I ended up
8:42:21losing and how I reacted. Because my
8:42:24decision making throughout this
8:42:26challenge is what led me to succeed and
8:42:28to do this. Now, I've had tens of
8:42:31students that have successfully taken a
8:42:33couple thousand bucks into a couple
8:42:35hundred,000. We have students that have
8:42:37taken $15 into 304,000. And when I've
8:42:41done podcasts and interviews with them
8:42:43and I've met them in person and they're
8:42:44inside the community and we chat, they
8:42:46literally tell me, "Alex, the strategy
8:42:48is amazing and your teaching obviously
8:42:50let me understand the market." But it's
8:42:54how I reacted to the market when I got
8:42:56these opportunities that presented
8:42:58themselves that led me do this
8:43:00successfully. And I want to show you how
8:43:02my mindset and my approach changed
8:43:05throughout the whole entire challenge as
8:43:07a person, as a trader, as a mentor
8:43:10because I personally feel that challenge
8:43:12made me the mentor and the person that I
8:43:14am today because I went to I went
8:43:17through a certain experience. I went
8:43:20through a certain battle that nobody
8:43:22could have taught me. There's no type of
8:43:24trading in the market that could have
8:43:26taught me that other than me going
8:43:27through that myself. And nobody could
8:43:29have told me what I was going to go
8:43:30through. I had to literally go through
8:43:32it because it was a immaculate
8:43:36it was just it was just an immaculate
8:43:38experience that led me to understand
8:43:40that at no given point am I in control.
8:43:43The market's always in control and I
8:43:45have to understand when to be involved
8:43:47and when to not. So what I'm going to be
8:43:50showing you right now once again is the
8:43:52real raw journey of the challenge. Pay
8:43:55attention to the types of trades that I
8:43:57am taking because I literally explain
8:44:00everything that I have just taught you
8:44:01inside of this video. Trend, area of
8:44:03interest, and market structure. That is
8:44:05what's going to lead you to be able to
8:44:07make a decision if a trade is good to
8:44:10take or not. So, let's get into it right
8:44:12now. All right, guys. Good morning. It
8:44:13is currently July 16th, Tuesday morning.
8:44:16So, obviously, we stayed up last night
8:44:18about like 3 in the morningish. I stayed
8:44:20up to catch this trade and it was for no
8:44:23reason. We are currently in the position
8:44:26and this is literally the max that I can
8:44:29honestly risk on the account. So last
8:44:32night, remember that I explained to you
8:44:33guys that I was waiting for the market
8:44:35to have a body closure under this line
8:44:37right here. So we had that body
8:44:39engulfing candlestick and then I pretty
8:44:42much entered on the little quick
8:44:43pullback of the next one. And now that
8:44:46was for no reason because all of London
8:44:48session as soon as I fell asleep
8:44:50literally did nothing. But the point is
8:44:53that now price is pulling back into the
8:44:55area where we entered. Usually what
8:44:57should happen is that as soon as we
8:44:58enter the trade, it just goes down with
8:45:00the momentum of the session. Well, now
8:45:03we haven't. But it is what it is. Enter
8:45:04the trade. Set and forget. My prediction
8:45:06is that now from here it is going to go
8:45:09down. And as soon as I take the first
8:45:11position, obviously you have to risk
8:45:12100% of the account to even get out of
8:45:14that hole. And I remember that I was in
8:45:16draw down as soon as I took the trade.
8:45:18I'm like, ah, here we go. Starting off
8:45:20bad. And I think we were in draw down
8:45:21about 35 bucks right at the start. So
8:45:23then there it's either going to
8:45:25completely blow the account or skyrocket
8:45:27me out of it so I can give me the
8:45:28badness that I need to then take on the
8:45:30next week and follow the goal that I
8:45:32have for every single week.
8:45:33>> So I got it 1 minute ago positive $15.
8:45:35Now we are about to hit margin call on
8:45:38the account 1 minute later.
8:45:41But trading is so funny. Oh my god.
8:45:43>> But like always when the trade went into
8:45:45draw down I wasn't going to panic. I set
8:45:47and forget because worst case that can
8:45:49happen. I just blow 100 bucks and I
8:45:51start right again. And guess what
8:45:53happened? Trade hit take profit.
8:45:55>> Ladies and gentlemen, I'm sorry to
8:45:57announce that
8:45:59we have reached the goal for the week
8:46:01actively right now. We are currently up
8:46:04$330.
8:46:05You guys can see here. Last night,
8:46:07literally what I said happened once
8:46:10again. So look, check it out. GBP JPY
8:46:14right after that 1 hour bearish
8:46:15engulfing candlestick. Literally the
8:46:17whole momentum throughout London session
8:46:20was that bearish move to the downside
8:46:22had my takerit set at a 1 2 3.4
8:46:28risk-to-reward. So meaning if I risked
8:46:30100 bucks here then I would have made
8:46:32$340
8:46:34right here. As you guys can see that is
8:46:36literally the math that is happening
8:46:38right now. candlestick is going to close
8:46:40in 15 minutes over here. So, I want to
8:46:43see how this candlestick closes right
8:46:44here in 15 minutes. And then based off
8:46:47of that, I'll then make my decision. And
8:46:50let's see if we can then this week flip
8:46:53this $450 to then $800 or $900 because
8:46:58that would put us really, really, really
8:47:00fast into the margin that we need to be
8:47:03in order for us to flip the $100 to the
8:47:05mail a lot faster. It's currently 2:30
8:47:08in the afternoon. Pretty much we closed
8:47:10at $437
8:47:12in profit. You guys can see here the my
8:47:15effect book pretty much how it's looking
8:47:17currently of $437. These are pretty much
8:47:20the fees we got to pay. These are the
8:47:23orders. Well, there's nothing open right
8:47:25now. This is the history though. You
8:47:26guys can see here both positions that we
8:47:28ended up taking. That's the profit that
8:47:30we closed in. And now, same [ __ ] Gym
8:47:33time. You know, it sucks. So, you only
8:47:35get to drive one supercar now.
8:47:37Lamborghini twin turbo just sold it.
8:47:40Ybody is at the shop. The rear brake
8:47:43caliper is broken. They're fixing it.
8:47:45The Porsche, I blew the second gear on
8:47:47the Porsche drifting. Uh Rolls-Royce is
8:47:51finally getting them wrapped. Should be
8:47:53done today or tomorrow. What other car
8:47:55do I have? The Maybag. I'm not going to
8:47:57drive. Oh, yeah. Oh, I sold the Scat
8:47:58Pack. Got rid of the Scat Pack. Scat
8:48:00Pack is gone. That was probably the
8:48:02dumbest thing I ever bought.
8:48:04Yeah, the side by side.
8:48:05>> The side by side is in the shop as well,
8:48:07>> bro. Half of my fleet right now is in
8:48:09the shop. I only get to drive a Ferrari
8:48:12right now. [ __ ] We were up 430 bucks, I
8:48:14think. And we hit the goal not only for
8:48:16week one, but for week two. Meaning that
8:48:19I didn't have to execute a trade next
8:48:21week or the week after because this one
8:48:23trade because we set and forget and we
8:48:24caught a 1 to three risk-to-reward, we
8:48:26outdid the profit that we were even
8:48:28anticipating for this very same week
8:48:30just to get started. So, we were off to
8:48:31a very good start right at the
8:48:32beginning. So, since the week was off to
8:48:34a good start, I pretty much came to the
8:48:36executive decision that, you know what,
8:48:38we hit the goal, not only for this week,
8:48:40but for next week. We're done for the
8:48:41week. Let's not get greedy. Let's not
8:48:43chase any trades. Let's just set and
8:48:44forget for the rest of the week. And
8:48:46next week, we'll come back with new
8:48:48fresh market, new fresh mindset, and
8:48:49then we'll pick up on the goal, which is
8:48:51going to be then taking $400 to about
8:48:54$900. So, then that's exactly what we
8:48:56did. We did not take any other
8:48:57opportunities, and then the next week,
8:48:58we started off fresh with a new goal.
8:49:00And if we were to hit it, we're then
8:49:02ahead three weeks in the challenge,
8:49:03which is absolutely beautiful.
8:49:05>> It's week two of me trying to turn a
8:49:07$100 into a million day trade.
8:49:09>> So, like always, we started off the week
8:49:10on Sunday swings, analyzing the top two,
8:49:12top three markets that we're going to be
8:49:13trading for the week. And we found some
8:49:15solid markets where it can probably even
8:49:17more double the account.
8:49:18>> Account is still on $437.
8:49:22We got, I think, seven solid markets in
8:49:24the markets. Seven solid markets in the
8:49:26markets. A lot of markets. A lot of
8:49:27[ __ ] money. USD JPY. So USD JPY has a
8:49:31very clean left head kind of right
8:49:34shoulder action going around here. We
8:49:36broke the neckline. Now we are retesting
8:49:38the neckline of the head and shoulders
8:49:40along with the 1 hour EMA. 4hour time
8:49:44frame looks absolutely phenomenal. We're
8:49:46having a beautiful 1 hour bearish
8:49:48engulfing candlestick. Looks like we're
8:49:50having that pullback to retest that
8:49:51previous structure level. And then the
8:49:53daily time frame does not get any
8:49:55cleaner than this daily previous
8:49:57structure level. daily EMA. And then you
8:50:00guys can look left. It is obviously a
8:50:01level of resistance whenever we're under
8:50:03a level of resistance whenever we're
8:50:04under. And this line right here, what is
8:50:06it? You may be asking a round
8:50:08psychological level 157,500 or like the
8:50:12smart money concept guys would call it
8:50:14an order block. Potato potato. This is a
8:50:17round psychological level with an area
8:50:20of interest. So this trade is my number
8:50:22one trade that I'm going to be
8:50:23interested in taking this week. All I'm
8:50:26really waiting for on this market. So
8:50:28earlier this week, what I was waiting
8:50:29for was this break. So that break
8:50:31already happened and now this pullback
8:50:33is actively happening. So I just got to
8:50:35wait for price to go back into this area
8:50:36so I can actually enter this trade. We
8:50:38took the trade which was on USD JPY I
8:50:41believe.
8:50:44>> Yo
8:50:48yo.
8:50:50>> Oh,
8:50:52[ __ ] with me. Huh? [ __ ] with me.
8:50:56Literally USD JPY as simple and as
8:50:58effective as it is. Look at this [ __ ]
8:51:00We literally had the retest perfectly to
8:51:02the area of interest. The marabuzu
8:51:03tweezer top rejection bearish engulfing
8:51:06candlestick. I keep telling you, you
8:51:08need an engulfing candlestick to enter a
8:51:10sell or a bullish engulfing to enter a
8:51:12buy. I'm laughing cuz the mic is moving.
8:51:15So, the point is that we're in this
8:51:16trade right now. Literally, we already
8:51:20at $550.
8:51:23If this [ __ ] hits that take profit,
8:51:26we'll probably be at like two threek. It
8:51:28will probably even break the goal for
8:51:29the week that we've been anticipating.
8:51:31So, for now, just gonna
8:51:34set forget. But it was taking a little
8:51:36bit long. So, I'm not going to sit in
8:51:37front of the computer all day and
8:51:39basically do nothing. I just exactly
8:51:41what I said at the beginning of the
8:51:42challenge. I'm going to go play
8:51:43basketball. I'm going to go hit the gym.
8:51:44I'm going to go live my normal life so
8:51:46it doesn't affect my psychology and I
8:51:48can always have a fresh mindset when I'm
8:51:50actually going to execute a trade. and I
8:51:52treat the markets one thing and then my
8:51:53life, my personal life is a completely
8:51:55other thing.
8:51:55>> You can either literally make us or
8:51:57break us. It is currently 8:00 p.m.
8:52:00Miami time. So, I think it's like about
8:52:022 hours or an hour and a half from the
8:52:03last time I updated you guys. And set
8:52:05and forget. Now, what we're going to go
8:52:06do is pick up Jordan. And for those of
8:52:08you guys that don't know who Jordan is,
8:52:09he's actually one of my top students
8:52:11where about 6 years ago, he was actually
8:52:13working at aviation in a place like
8:52:15this, but he wasn't flying the
8:52:19airplanes, he was fixing them. He was a
8:52:20mechanic fixing the planes that were
8:52:22broken down, probably making 50 60k a
8:52:25year. And he didn't want to live that
8:52:26life. He wanted to have a obviously
8:52:28successful life. And because of the set
8:52:30and forget strategy, he managed to not
8:52:32only get out of his job, but make
8:52:34trading his main source of income in
8:52:36just under two years, which is
8:52:37absolutely legendary. And over time, we
8:52:39become really, really close friends. So
8:52:41Jordan obviously, you know, is battling
8:52:43cancer and stuff, and his legs get
8:52:45really, really swollen and I have a cold
8:52:47plunge. So cold water helps with
8:52:48inflammation. We're going to put him
8:52:49inside the cold plunge in about like 20
8:52:5130 minutes. So, we're going to pick him
8:52:52up now and show you guys the whole
8:52:54drink. All right, so this is Jordan.
8:52:55We're going to take him out to the cold
8:52:56plunge. It's going to suck, bro.
8:52:58>> It's going to suck.
8:52:59>> It's cold, right?
8:53:00>> Cold plunge,
8:53:01>> dude. It's going to [ __ ] suck. But
8:53:02I'm telling you, you're going to get on,
8:53:03you're going to feel [ __ ] amazing.
8:53:04So, you know, we would pick him up, take
8:53:06him to the cold plunge, and then drop
8:53:07him back off. He actually gave me some
8:53:10Mike Tyson signed gloves, which is super
8:53:12sick because, you know, Mike Tyson's a
8:53:14legend.
8:53:14>> I told you I got something. It just came
8:53:15a little late.
8:53:16>> Oh [ __ ] Oh [ __ ]
8:53:21No way.
8:53:23Signed by the boy.
8:53:26>> For me, it's a representation of Jordan
8:53:27because he's a fighter fighting through
8:53:29what he's doing. And obviously, Mike
8:53:31Tyson is one of the most legendary
8:53:32fighters. So, it's actually pretty cool
8:53:34to have boxing gloves signed directly
8:53:36from him. All right, guys. So, trade
8:53:37update. We just left the gym right now.
8:53:40Trade update. It's currently 12:30 in
8:53:42the afternoon. So, like I mentioned
8:53:44earlier, if that daily candlestick
8:53:46closes under that previous structure
8:53:48level, we're pretty much going to set
8:53:50and forget this [ __ ] for a very long
8:53:51time. 4 hours looking good. We are now
8:53:54currently up about $1,200 on the
8:53:56account. So, going to continue to set
8:53:58and forget. I think I was already about
8:54:00like $1,200, $1,300 bucks. And I had a
8:54:03decision to make. I can either close
8:54:05there and hit my takeprofit for the week
8:54:06or I can logically look at the markets
8:54:08and realize that my analysis and my
8:54:11strategy is indicating to me that this
8:54:13trade is going to have a much higher
8:54:14risk-to-reward ratio. So, what would I
8:54:17do? The whole reason of me entering a
8:54:19trade is to capitalize the most I can
8:54:21from the gains. All right, guys. Trade
8:54:23update. It is currently 317 in the
8:54:25afternoon and we are up about,600
8:54:28on the trade. And you guys can see here
8:54:30that the market is about to close. Well,
8:54:32you guys can see that the market is
8:54:33about to close in 2 hours. So, this
8:54:35daily candlestick will close about an
8:54:38hour 42 minutes and it's honestly going
8:54:41a lot faster than I anticipated and
8:54:43we're definitely going to close under
8:54:45that previous structure level. This is
8:54:46why you set and forget your take profit.
8:54:48You never put a takerit. You always put
8:54:50a stop loss to minimize your losses. You
8:54:52never put a takerit. You never want to
8:54:54minimize your losses. So, this trade, we
8:54:57just continue to hold and set and
8:55:00forget. And this is where I'm preaching
8:55:02to all of my students. I'm actively
8:55:04monitoring the markets, seeing how much
8:55:07more can we continue to go in one
8:55:08direction because I'm a protrend trader.
8:55:10I trade with all the time frames in my
8:55:12favor. So the trade continues to go in
8:55:14that direction on the long run. You want
8:55:16to trade with the trend. The trend is
8:55:18your friend. So in here is where I
8:55:20continue to set and forget and analyze
8:55:21the markets. And the trade went from
8:55:23a,000 in profit to 2,000.
8:55:24>> Currently have about $1600 on the
8:55:27account. So we're up $2,000 to 3,000.
8:55:30God damn.
8:55:31>> Wow, bro. Wow.
8:55:34>> How long did it take you last year to do
8:55:35this?
8:55:37>> This is probably almost a month last
8:55:40year. That shows you how much better of
8:55:41a trader I've become. I'm so much less
8:55:44attached to the profits and of the money
8:55:47behind this, bro. That's crazy, dude.
8:55:50And keep in mind, goal for the week was
8:55:52900. So, if I close at this point, I'm
8:55:54ahead by six weeks in the challenge,
8:55:56cutting the end goal of training the 100
8:55:57into the million to then maybe in two
8:55:59months. So, at this point, I'm [ __ ]
8:56:01hyped. So, then as we're like halfway
8:56:03through the week, I'm basically living
8:56:04my normal life, drifting, um going out
8:56:07to the gym, just doing whatever I got to
8:56:08do. I realize that, you know what, 3K
8:56:10more than enough. I can see the trade
8:56:11that it can potentially have a reversal
8:56:13because the structure is starting to
8:56:14shift. So, I closed my profits there.
8:56:16>> You guys can see right here that the
8:56:18account is at officially $3,000. You
8:56:21guys can see here on the my effects book
8:56:23pretty much uh where we started the
8:56:25account with the current balance. This
8:56:27updated two days ago. You guys can see
8:56:30here the history. These are all the
8:56:32trades that we have taken. Obviously,
8:56:33two trades on GP JPY, one trade on USD
8:56:36JPY. And I did not take any more trades
8:56:38for the week on week two because I'm
8:56:40well past the profit that I need.
8:56:41There's no reason on me to go chase and
8:56:43add new trades. So, I simply set and
8:56:45forget and then we pulled up to the next
8:56:46week where then the goal was to take 3K
8:56:48to 6K. Last week, we turned $437
8:56:52into $3,000. Same thing as always,
8:56:54getting on Sunday swings, analyzing the
8:56:56markets with my students, finding the
8:56:58top two, top three markets that I'm
8:56:59going to be trading with that very week.
8:57:01Then my goal is to take 3K to 6K. And at
8:57:03this point in the challenge where I'm at
8:57:043K, I no longer have to risk 100% of the
8:57:07account cuz one, I'm already ahead by 4
8:57:10weeks. And my goal once I get to about 3
8:57:13to 5K is to minimize my risk on the
8:57:15account to about 50 to 75%. Meaning if I
8:57:19take a losing trade, I don't start back
8:57:22at zero. At least I still have some
8:57:23ammunition to then kick back and get
8:57:25started right where I was for the profit
8:57:27that I should be for that week. So in my
8:57:29mindset, technically, yes, I did lose
8:57:31some time, but I lost time that I
8:57:34gained, not time that I where I should
8:57:37actually be in the challenge. So for
8:57:38example, let's say I took a loss on the
8:57:403K account and I'm go back to the 900.
8:57:43Well, it's technically where I'm
8:57:44supposed to actually be for the
8:57:46challenge for that week. So, it gives me
8:57:47the freedom to be able to actually do
8:57:48that because I'm so ahead in the
8:57:49challenge.
8:57:50>> All right, guys. So, market update. It
8:57:51is currently 9:49 in the morning. We are
8:57:55officially in the trade. So, I literally
8:57:57entered. Let me before that, let me show
8:57:58you guys the time, right? So, what time
8:57:59is it right now in Miami? I come over
8:58:02here. I refresh the website. 9:49 in the
8:58:06morning. So, literally to show you guys,
8:58:09we just entered the trade. So, look,
8:58:10pull up here. So, you guys remember how
8:58:12I literally just mentioned that we were
8:58:13going to have a pull back into this
8:58:14level to then sell. So, we literally had
8:58:17that pull back perfectly. I went exactly
8:58:19to where I didn't go exactly to where I
8:58:21anticipated, but got really close. I
8:58:22entered it. And just to show you guys
8:58:24proof, I was just recording for
8:58:25Instagram right now. As soon as we enter
8:58:27the trade, we're literally like using
8:58:29margin and [ __ ] because we entered the
8:58:31trade pretty much risked everything. So,
8:58:33I just wanted to show you guys that. But
8:58:34now, we're officially in the trade. We
8:58:36are up $400 on it currently right now.
8:58:39Like always, have to show you guys that
8:58:41it is a real account. So you guys can
8:58:43see right here that it is indeed a real
8:58:46account. You guys can see where the
8:58:48account is currently sitting and we're
8:58:51currently now going to just wait. But I
8:58:53explained to you guys perfectly this. I
8:58:55explained to you guys the break and
8:58:57retest here. I entered at this next
8:58:59retest where we should have waited for
8:59:00it here. We should have waited for the
8:59:01break and retest here to then sell. But
8:59:03then this didn't happen here. But it did
8:59:05happen here. We then entered after the
8:59:07engulfing which ideally we should be
8:59:09entering up here. So then on week three,
8:59:11we started off with a new trade that we
8:59:13took and we pretty much went straight
8:59:15into draw down about 50% draw down in
8:59:17the account, which is totally fine. I'm
8:59:19okay with it. I don't mind the swings.
8:59:21But I continued to set and forget and
8:59:23then the trade and the trend ended up
8:59:24going in the favor where I ended up
8:59:26analyzing and then the trade actually
8:59:27went back into profit. We're about 5,000
8:59:30floating in profit. Keep in mind, my
8:59:31goal for the week is actually 6,000. And
8:59:33like always, I'm updating my Telegram,
8:59:35Discord, Instagram, every like I'm mass
8:59:37social media blasting these trades
8:59:39everywhere. So, I'm not the only person
8:59:41that's in profit or in loss. Like,
8:59:43there's hundreds of thousands of traders
8:59:45all around the world looking at the same
8:59:47market that I am. People in Africa,
8:59:49people in London, people in the States
8:59:51going through the same journey that I'm
8:59:52going through because if I'm making
8:59:54money, you're making money. But if I'm
8:59:56losing money, you're losing money, too.
8:59:58And I always have this belief that in
9:00:00order for you to receive, you have to
9:00:01give. So, I'm at this point in the
9:00:03challenge where I need to receive,
9:00:05right? I got to make back some of these
9:00:06profits. I'm like, you know what? Let me
9:00:07give my boy Sensei a little gift. A M
9:00:09Blanc pen. One of 10 in the world. So
9:00:12this is a very special edition watch. So
9:00:15this is a Muhammad Ali M Blanc watch. So
9:00:18you see it has like Ali through here.
9:00:22>> And then you see the Muhammad Ali
9:00:23everywhere throughout here. You see the
9:00:26Muhammad Ali everywhere throughout here.
9:00:32>> Pen was like $3,000. I don't even think
9:00:34this guy appreciated that [ __ ] But you
9:00:36know what? I don't care because when I
9:00:38go look at my trade that same night, we
9:00:40were up about $9,000 on the account.
9:00:42>> So, right now, we are currently floating
9:00:44about $6,000 in profit. The account is
9:00:47currently at $9,000 in equity. And you
9:00:51guys can see this trade right here is
9:00:53literally continuing the momentum to the
9:00:56downside. Just continuing this set and
9:00:58forget trend. That's why you got to
9:01:01trade with the trend. The trend is your
9:01:03friend. So you guys can see the 4 hour
9:01:05close very strong. I am going to just
9:01:07continue to hold this trade. Uh if
9:01:10tomorrow closes under this line right
9:01:14here, not this one. I'm just copy and
9:01:16pasting. If the candlestick closes under
9:01:19this line right there, we will probably
9:01:22turn this into over
9:01:25$15,000
9:01:27easily. So let's wait for now. Simply
9:01:30just set and forget. So, if you want to
9:01:33receive something, first you got to
9:01:34give. And I actually put this to test
9:01:36later throughout the journey and it came
9:01:38back 10 times more. So, a little bit
9:01:41more on that later in the journey. And
9:01:42then the usual happened every single
9:01:44time. You set and forget. The trade
9:01:46ended up going to 15,000 [ __ ]
9:01:48dollars. 15,500.
9:01:50So, exactly what I was mentioning to you
9:01:52guys earlier. I have to see like you
9:01:54can't just close a trade right away,
9:01:55right? Cuz you got to look. So,
9:01:56obviously, we're going to close a trade
9:01:58because we wanted it to close under this
9:02:00line. Well, under this right here and
9:02:03actively looks like we are piercing
9:02:05through that. So, this candlestick
9:02:07closes in the next five minutes as you
9:02:09can see right over here. And if this
9:02:12candlestick closes under this line, it
9:02:14will mean that it closes under this
9:02:15structure point. And then there, I truly
9:02:18do believe that it could then easily go
9:02:21from here to then this point right here.
9:02:25So, right now, we literally got to wait
9:02:26the next 5 minutes. If it closes above
9:02:28like that, I'm going to close it right
9:02:29then and there. If not, I'll squeeze it
9:02:31in for the little bit extra right here.
9:02:33And just to show you guys, we're up
9:02:34about 15,100
9:02:36right now. [ __ ] bro.
9:02:40Trey started reversing on me, dude. Look
9:02:42at this, bro. [ __ ] Trey started
9:02:44reversing. We were up like 15,000 here
9:02:46and now, bro.
9:02:49Like I said, I forget too much, bro.
9:02:52It's like we closed the trade like 2
9:02:54hours ago. So, right now, it's currently
9:02:5612:30 in the afternoon. Right here, you
9:02:59guys can see where the account is. It's
9:03:01officially closed at $15,000.
9:03:05You guys can see right here in the
9:03:07history. So, you guys can see that we
9:03:08officially closed this trade at $12,200
9:03:12in profit. So, we closed it earlier,
9:03:15literally as soon as I told you guys,
9:03:16pretty much after it closed that line.
9:03:17So, it did make it all the way up to
9:03:19this structure point and then it had a
9:03:21reaction. So, pretty much exactly what I
9:03:23explained, it's going to have a reaction
9:03:25from that structure point right here.
9:03:27And if we follow this line, it's exactly
9:03:28what it did. So, our entry points are as
9:03:31precise as they get. Our stop losses,
9:03:34our takerit, everything with the seven
9:03:36figure strategy, [ __ ] sniper. Yo, the
9:03:39goal for the week was 6 grand. We are at
9:03:43$15,000.
9:03:45So, if we were to close at 6 grand this
9:03:46week, the goal for next week was to turn
9:03:496 to 12. So, we just did this week and
9:03:53next week's goal. Oh, [ __ ] We should go
9:03:56on a vacation.
9:03:57We're ahead of schedule.
9:03:58>> We should just [ __ ] off for 2 weeks,
9:04:01right?
9:04:01>> Keep in mind, I'm looking at the numbers
9:04:03on the screen because you guys like to
9:04:05see it. I hate looking at the Metatrader
9:04:07and the money go up and down. I hate it.
9:04:08It [ __ ] with your mind. I only like
9:04:10looking at the charts because what
9:04:12happens in the charts directly
9:04:13correlates with what's happening on the
9:04:16numbers. What happens on the numbers
9:04:18does not mean that that affects the
9:04:20charts. The charts affects the numbers.
9:04:22I only like looking at the charts
9:04:23because I can make a logical decision
9:04:25based off of the price action. I can't
9:04:27make a logical decision based off of me
9:04:30being up 5,000 or 6,000. What connection
9:04:32does that have to the charts? Zero. So,
9:04:34I started implementing that and
9:04:36educating people on it. And they
9:04:37everybody kind of had like a oh, an aha
9:04:39moment. They're like, oh, you know what?
9:04:41That does make sense. I should only look
9:04:42at the charts and not the numbers
9:04:44because if you focus on the structure,
9:04:46the structure is going to equal the
9:04:48money. This is like the prime where I
9:04:50was in the challenge in terms of ahead.
9:04:52Like I had so much time ahead of what I
9:04:55anticipated to have that I felt like the
9:04:58king of the world at this point. So we
9:04:59ended off week three closing at about
9:05:01$15,000 in profit where then the goal
9:05:03for next week was to then take the 15k
9:05:05to then 30k. It's week four of me
9:05:07turning $100 into a million. Last week
9:05:09we were trying to turn $3,000 up to
9:05:12$6,000. Now the next week actually
9:05:14started off kind of slow. No trades
9:05:16towards the beginning of the week. So,
9:05:17we kind of just had fun. Jim, drift. Uh,
9:05:20I think I bought a dope art piece from
9:05:22Atlanta. Atlanta just pulled up. So,
9:05:24Atlanta just did a collab with Trump
9:05:25where he pulled up. He actually signed
9:05:27one of the paintings that he did. I
9:05:29actually have a bunch of Atlanta paint
9:05:31throughout my entire house. But, I just
9:05:32got two new posters. Going to give one
9:05:33to one of my family members are all
9:05:35about Trump and I want to put one on the
9:05:36wall. I think this is a legendary ass
9:05:38picture and then Arana did itself. Let's
9:05:40go check it out.
9:05:44>> Oh [ __ ] So, this came in a frame with
9:05:46everything.
9:05:46>> Yeah. You got the first two. Literally
9:05:48the first two.
9:05:48>> Okay.
9:05:53>> So that's that's basically where he
9:05:54signed it on the on the original one.
9:05:56>> Yeah. But this that's my signature.
9:05:59>> Oh, okay. So yeah, but he said like
9:06:00somewhere.
9:06:01>> Exactly. Yeah.
9:06:02>> Okay. Oh, wait. So this is one out of
9:06:0347.
9:06:04>> Yeah. One and that's two
9:06:05>> and two out of 47.
9:06:06>> Oh [ __ ] So I got the real
9:06:10>> appreciate you, bro. This is lit. So,
9:06:12for people that don't know, I was the
9:06:14first person that trusted our lander to
9:06:16paint a Lamborghin.
9:06:20It's crazy.
9:06:21>> He hit me up. He was like, "Yo, I'm
9:06:22going to do art basel." What was that?
9:06:232020
9:06:24>> 2022.
9:06:25>> 2022.
9:06:26>> So, yo, I want I want to paint your
9:06:27Lambo and Art Basel. And I'm like, dog,
9:06:29I don't know. Sounds a little crazy. I'm
9:06:32like, you know what? [ __ ] it. Let's do
9:06:33two Lambo. So, we did my hood and it was
9:06:35Sensei's whole entire.
9:06:38>> Mhm.
9:06:38>> Then we did the rolls.
9:06:39>> The Dawn.
9:06:40>> Oh, yeah. That's right. the D.
9:06:41>> Look, I you know I have this painting.
9:06:43>> Oh, the Kobe.
9:06:46>> Yeah.
9:06:46>> Damn. I haven't seen this one minute.
9:06:49>> Yeah. Yeah. Jordan gifted me this one.
9:06:52>> Yeah, I remember that.
9:06:53>> But then the unexpected happened. Well,
9:06:55kind of expected because I started
9:06:57getting bored in the challenge. I'm so
9:06:58ahead. I feel like Superman. I'm winning
9:07:00every trade. I'm ahead by four or five
9:07:02weeks. I feel like I can take any trade.
9:07:04So, the market wasn't giving me protrend
9:07:07trades, meaning having markets that have
9:07:09every single time frame in the favor to
9:07:11trade with and there was just nothing
9:07:13available that checked out everything in
9:07:15my trading plan. I had to do something
9:07:19degenerate, take trades that I shouldn't
9:07:21be taking. All right, guys. Market
9:07:23update. So, I spent the morning kind of
9:07:25just focusing, locking in, diving on
9:07:27this trade to see if I was making the
9:07:29right decision because we have
9:07:30officially taken the most degenerate
9:07:32trade of the whole entire [ __ ]
9:07:34challenge. The biggest counter trend
9:07:36trade. It's such a den trade that I did
9:07:39not risk 100%. I risked 20% on this
9:07:41trade. So, to show you guys currently
9:07:43market update and we are negative about
9:07:47$500 cuz we literally just entered the
9:07:48trade as the candlestick just closed
9:07:50right now. So yesterday on EuroUSD, I'm
9:07:53sure you guys can remember that I was
9:07:55anticipating for price to have a sell
9:07:57from this point up here to then reject
9:08:00and then for price to actually make it
9:08:02all the way down here to then have the
9:08:04actual buy on EuroUSD because we're
9:08:07anticipating for Euro USD to make it all
9:08:10the way down here, reject this level,
9:08:12and then head to the upside. Since we
9:08:14broke out, we never retested it. So
9:08:16we're expecting for that retest. And
9:08:18here on the 1 hour you can very very
9:08:21clearly see that we are creating a
9:08:23potential left head right shoulder.
9:08:26Again it's not a confirmed right
9:08:28shoulder and so we don't break under
9:08:30this neckline but I believe what it's
9:08:32creating right here it's such a strong
9:08:34level of accumulation looks like a 1
9:08:36hour double top 30 minute time frame. I
9:08:40see it I almost see it like squeezing
9:08:42into this inwards uh triangle whatever
9:08:46you want to call this. Again, I hate
9:08:47trend lines and I hate all this stuff
9:08:49cuz they're very subjective, but you can
9:08:51literally see how price is squeezing
9:08:53into this area. And I personally believe
9:08:56it's going to have more of a reason to
9:08:58burst down than burst up. I could be
9:09:01completely wrong because I don't believe
9:09:03that this area that is rejecting from
9:09:06right now is going to be the area to
9:09:08continue pushing to the upside. I think
9:09:09such a strong move like this has to have
9:09:12a deeper retracement before actually
9:09:14heading to the upside. So when I go down
9:09:17to the 4our, this 4hour candlestick
9:09:20still has about 3 hours to close and the
9:09:23last one closes a very indecisive
9:09:25candle. I think this next one can engulf
9:09:27close under this which then on the 1
9:09:29hour, it'll give us the break under this
9:09:31neckline of the head and shoulders. If
9:09:33you notice, I put my stop loss a little
9:09:35bit right above this level because if we
9:09:37pretty much break above this, the trade
9:09:39is just going to keep going to the
9:09:40upside.
9:09:42>> Oh, that that doesn't seem very good.
9:09:44>> I'm not good.
9:09:46I mean, I called it, you know, I don't
9:09:48really care. Um, I'm glad that I ended
9:09:51up getting that out of my system. I'm a
9:09:52[ __ ] idiot, bro. Like, I mean,
9:09:54technically, we're still in the trade,
9:09:55right? So, it could clearly reject this
9:09:57level right here, so it can literally
9:09:59have the same reaction to the downside
9:10:01and then this same reaction to the
9:10:02downside. That's why I'm very strategic
9:10:04with my stop-loss placement. But, the
9:10:05trade that I should be taking is at the
9:10:07break and retest from the neckline of
9:10:08the head and shoulders. Like, I know
9:10:10this. I I know this, you know, I just
9:10:12decided to want to get involved. But,
9:10:14I'm not mad. doesn't really set us back
9:10:16much in the challenge. There's an
9:10:17unnecessary loss. Well, not a loss yet,
9:10:19but it's just a trade update. So, it's
9:10:20just like an hour later from the last
9:10:22time that we took the trade. So,
9:10:27yeah. Now, we just got to wait. And this
9:10:28is what a lot of you guys do. A lot of
9:10:30you guys do this. A lot of you guys will
9:10:31take trades that you shouldn't be
9:10:33taking, but you guys won't put the blame
9:10:35on yourself or hold yourself
9:10:36accountable. I know exactly what I did.
9:10:38I did the wrong thing. Now, do I accept
9:10:41it? 100%. You guys, when you do the
9:10:43wrong things, you don't accept it.
9:10:45You're ready to put the blame on the on
9:10:46someone's strategy, on the markets, on
9:10:48anything but yourself. That's what once
9:10:51you start having that self-recognition
9:10:52is once you start developing a
9:10:56nonchalant character for trading in the
9:10:58markets. And that's how you truly become
9:10:59successful because you realize that your
9:11:01success, whatever the outcome is,
9:11:04successful or not, is 100% because of
9:11:06you, not because of another outsource.
9:11:07Like I'm the one that clicked the sell
9:11:09button. The phone didn't click it just
9:11:10for me, you know? So, for now, set up
9:11:13for
9:11:15I can't do this one.
9:11:20>> Yo, that's a sign that we shouldn't.
9:11:27We took the first [ __ ] loss in the
9:11:29100 to the middle count.
9:11:35>> [ __ ] man. And uh yeah, first loss in
9:11:38the challenge and I said, you know what,
9:11:40this loss isn't because of my strategy.
9:11:43My strategy works. There was just no
9:11:45opportunities that week that align with
9:11:47my strategy. I decided to be a slick
9:11:50ass, wanted to be smart, and take trades
9:11:52that I shouldn't because I was bored,
9:11:53because I felt like I was Superman. And
9:11:56this is the week where I decided to
9:11:57implement a punishment. every single
9:12:00time I break my trading plan, I then
9:12:02have to do something in order so I hold
9:12:04myself accountable because again,
9:12:06there's hundreds of thousands of people
9:12:07watching these videos, uh, following all
9:12:09the trades, making money with me, losing
9:12:11money with me. And I don't mind losing
9:12:14money if I am following my trading plan.
9:12:16But if I'm breaking my trading plan, I
9:12:18do mind losing money because I shouldn't
9:12:20not be doing that. I should only lose
9:12:22money when I follow my trading plan. So
9:12:23whenever I don't follow my trading plan,
9:12:25there has to be a punishment. And that's
9:12:27where the beetle came in. I have owned
9:12:29Lamborghinis,
9:12:31Ferraris, Porsches,
9:12:33Rolls-Royces,
9:12:35>> McLaren,
9:12:35>> McLar bro, McLaren. How can I forget
9:12:37about that? But this right here is going
9:12:40to put the biggest smile on my face.
9:12:43Biggest.
9:12:45Don't show them just yet.
9:12:47This right here is my new
9:12:51masterpiece.
9:12:55Yes,
9:12:57bro.
9:13:00Perfect. Perfect.
9:13:03Oh,
9:13:06yeah. We're getting a haircut on
9:13:07Thursday night instead of tomorrow. We
9:13:08always get a haircut Friday morning.
9:13:10We're getting one tonight cuz Eric is
9:13:11not available.
9:13:13[Music]
9:13:20>> What the [ __ ] is that? What do you mean,
9:13:24bro? What is that [ __ ] My new part.
9:13:28You don't like it? That's fake. That's
9:13:31fake. Just park up. Park up.
9:13:35[Music]
9:13:36Let me Let me explain to you guys the
9:13:38real moral behind this car right here.
9:13:39So, this is so I follow my trading plan
9:13:41and my trading rules. Obviously, I have
9:13:42a [ __ ] ton of cool cars, but this is
9:13:44going to humble me every single time I
9:13:46break my trading plan. This week, I have
9:13:49broken my trading plan twice. Meaning
9:13:51every single time I break my trading
9:13:53plan, I cannot drive any of my cars for
9:13:5624 hours. The only car that I can drive
9:13:58is this for 24 hours. So what is that
9:14:01going to incentivize me to do? To not
9:14:03break my trading plan. Every single time
9:14:05I break my trading plan, I have to drive
9:14:07this for 24 hours. That's just the price
9:14:09and the consequence that I have to pay.
9:14:12What do you think?
9:14:13>> You [ __ ] stuff.
9:14:15>> And it's manual.
9:14:16>> It is.
9:14:16>> Yeah, it's four. It's four-speed. Wait,
9:14:18you going to drift it? That's just 1966.
9:14:21Oh, wait. Sense is here.
9:14:22>> Give me a
9:14:24>> You don't like it?
9:14:24>> No.
9:14:26>> Sorry.
9:14:27>> Give me a Yeah. Yeah. Yeah. You like it?
9:14:31[Laughter]
9:14:33>> We're going to be blessed if we get a
9:14:34[ __ ] whiff of air in that.
9:14:38>> No air. Oh [ __ ]
9:14:40That's
9:14:52Oh [ __ ]
9:14:57>> All right. All right. All right. All
9:14:59right.
9:15:04Oh, we out. Oh, dude. It's not that bad
9:15:07at all.
9:15:09Oh, this is fantastic.
9:15:21Oh
9:15:22>> yo, it barely has
9:15:23>> Oh my god.
9:15:24>> Oh, it has no brakes.
9:15:26>> That thing is leaning, boy.
9:15:28>> Is it leaking?
9:15:29>> No. Leaning. Leaning.
9:15:30>> Leaning what way?
9:15:31>> Like this?
9:15:32>> Really?
9:15:33>> Hey,
9:15:35follow your training plan. If not,
9:15:38you're going to be like me.
9:15:40>> Oh [ __ ]
9:15:42Oh [ __ ]
9:15:49[Music]
9:15:57>> [ __ ] beetle. And I leave so much by
9:15:59example that I went to go do some
9:16:01student podcast with students that have
9:16:03made over $100,000 with my strategy. And
9:16:06instead of me pulling up in a super car
9:16:08and taking them for a cool journey as I
9:16:10normally do, I pulled up in the Beetle.
9:16:13Even the students were making fun of me
9:16:15cuz they expect for me to pull up and
9:16:17show them the lifestyle. And I showed
9:16:19them the real lifestyle. I broke my
9:16:21trading plans and now I'm driving this
9:16:22piece of [ __ ] And I wanted to show it
9:16:24as an example to them. Like, yeah, all
9:16:25right, cool. My student made 100,000,
9:16:27but buddy, I want to let you know you
9:16:29need to have something to hold you
9:16:31accountable how I am right now. because
9:16:33if you don't, you're going to probably
9:16:35end up driving a car like this. So
9:16:36that's why I led by example and to
9:16:39showed the students live in person that
9:16:41they need to continue to follow the
9:16:43training plan to be successful. The
9:16:44moment they don't, they're going to end
9:16:45up in a car like that. It's kind of a
9:16:47funny way to look at it, but it's the
9:16:48reality of the situation. This is where
9:16:50the humbling begins. You guys know how
9:16:52much I love driving my Porsche GT3 and
9:16:55driving it like a man and driving my
9:16:57Ferrari and driving it like a man.
9:17:00But man's got to do what a man's got to
9:17:02do, and a man's got to pay the price.
9:17:05And I'm doing this to show you guys that
9:17:06I'm holding myself accountable for
9:17:08breaking my rules. And as you guys can
9:17:11tell, I've already attempted to drive
9:17:13this vehicle. And uh today starts the
9:17:1724-hour clock where I will only drive
9:17:20the Beetle. What name should we give the
9:17:22Beetle? Keep in mind, it's a 1966
9:17:25Volkswagen Beetle. It has the original
9:17:27engine, four-speed transmission.
9:17:30I tried turning it on earlier. It did
9:17:31not work. We're going to try again right
9:17:33now. So, this is to show you guys that
9:17:35I'm going back to my roots of me
9:17:37literally having to hold myself
9:17:40accountable when I do something wrong. I
9:17:42don't want to do this. But if I don't
9:17:44follow my trading plan, I will no longer
9:17:47be able to drive a [ __ ] Ferrari or a
9:17:49Porsche. I'm going to probably be
9:17:50driving some [ __ ] like this. So, I'm
9:17:52going to keep following my trading plan
9:17:54so I don't end up in a [ __ ] car like
9:17:56this. Please turn on
9:17:59[Music]
9:18:09What name should we give it? Should it
9:18:11be a he? Should it be a her? Come on.
9:18:13Come on.
9:18:15Work my way up.
9:18:19Watch. You guys know about this. What
9:18:22profitable trader knows how to do this?
9:18:30[Music]
9:18:37[Music]
9:18:42Heat. Heat.
9:18:44[Music]
9:18:59All right. Yeah, we only got space for
9:19:01two.
9:19:03>> Oh. Oh,
9:19:07>> yeah. Let's just push it. Let's push it.
9:19:19So, we ended off on week four with the
9:19:21first loss that we had in the whole
9:19:23entire challenge. So, this was a big
9:19:25uppercut to my ego because to this
9:19:27point, I felt invincible. I literally
9:19:29felt like I could do anything. I could
9:19:30win every single trade. It's week five
9:19:31of me trying to turn $100 into a million
9:19:34day trading. Last week, we ended up
9:19:37taking two unnecessary losses because I
9:19:39broke my trading plan. So, we started
9:19:41off the challenge with about 8,000,
9:19:43which is where we left off last week
9:19:44because we took the account from 15 to
9:19:468,000. So, at this point in the
9:19:48challenge, I am not scared to execute a
9:19:51position. I'm being a little bit more
9:19:52selective. So, I actually avoided some
9:19:55wins that I could have taken, but I also
9:19:56avoided a couple of losses that I could
9:19:58have taken. And funny enough, because
9:20:00some of my friends were actually calling
9:20:02me in the middle of the week saying,
9:20:03"Hey, you're going to get enter this and
9:20:04enter this." I'm like, "No, dude. Trust
9:20:06me, I'm not going to enter these counter
9:20:07trend trades. I don't want to drive to
9:20:09[ __ ] beat him. My god, what the [ __ ]
9:20:14Oh, wow. I just saw this right now. So,
9:20:16NZDUSD.
9:20:19I'm actually laughing because one of my
9:20:21friends called me earlier. He's like,
9:20:22"Yo, what should I do with NZDUSD? I
9:20:25entered earlier this week, Sunday night,
9:20:27when you sent it out on Sundays." This
9:20:28is one of my friends that I went to high
9:20:30school with. Literally, one of the only
9:20:31close friends that I have outside of,
9:20:33you know, my my team. And he told me,
9:20:36he's like, "Yo, should I close NZDUSD or
9:20:39do I hold?" I'm like, "Dude, if you hold
9:20:42it can have the risk of having a
9:20:44pullback. I don't think you should hold.
9:20:46I think you should close." He's like,
9:20:48"No, no, no, no. I'm going to set and
9:20:49forget." I'm like, "Brother, you have to
9:20:52know when to set and forget and when to
9:20:54not set and forget. This is not the time
9:20:56you don't want to like not close this
9:20:59trade." And I'm laughing cuz I know he
9:21:01is. I don't I'm going to call him. I'm
9:21:03going call him. Yeah. So I'm that friend
9:21:05that I'll call you a 100 times. I don't
9:21:07give a [ __ ]
9:21:10>> Yo.
9:21:11>> Yo, you're sleeping
9:21:12>> about to
9:21:14>> Have you seen your trade?
9:21:16>> Yeah. [ __ ] you,
9:21:20>> bro.
9:21:22>> [ __ ] me. I told you, bro.
9:21:24>> You told me to have a pullback, not a
9:21:25whole [ __ ] move straight down.
9:21:32>> This what I told you, bro. I told you it
9:21:34was going to have a pullback, bro. You
9:21:35don't [ __ ] listen to me, dog. What do
9:21:37you think?
9:21:37>> You told me set and forget.
9:21:39>> No, no, no, no, no, no, no, no. I told
9:21:40you don't set and forget this trade.
9:21:42It's going to have a pullback. You
9:21:44didn't listen to me, bro. Yo, I didn't I
9:21:46literally told you, bro. I'm like, yo,
9:21:48it's going to it's going to have the
9:21:49pullback. So, week five, we actually did
9:21:51not end up taking any trades at all. We
9:21:54did a lot of action stuff. I went to go
9:21:56look at a new penthouse that I was
9:21:57looking to move into. the Bugatti that I
9:21:59bought, my pink Bugatti. We got delivery
9:22:02of it with Jane Juice, which is another
9:22:04successful student of mine from the
9:22:0630-day boot camp.
9:22:07>> So, I bought a new car. So, you Yeah.
9:22:09You don't know what car, right?
9:22:10>> You don't?
9:22:10>> No.
9:22:11>> All right. You're about to know in a
9:22:12little bit.
9:22:12>> So, I was going to say something and say
9:22:14some words of courage, but all I have to
9:22:16say is set and forget. That's all I got
9:22:18to say.
9:22:18>> You think, bro?
9:22:20>> I have no words to say, honestly. And
9:22:22it's
9:22:23>> You're the only one that knows, bro.
9:22:24>> No, no, no. I I I'm speechless.
9:22:27Honestly, I'm not going to say anything.
9:22:28I I'll I'll I'll leave it for you guys
9:22:30to see it.
9:22:31>> Well, he has made over a4 million
9:22:33dollars in trading in under 6 months. He
9:22:35got into my first boot camp at the
9:22:37beginning of the year and then later
9:22:39throughout 6 months after applying
9:22:41everything he learned in the strategy,
9:22:42he made more than a quart million
9:22:43dollars. I find out I'm like, "Dude,
9:22:45pull up to Miami. Let's do a podcast."
9:22:47You know, I like to show traders that if
9:22:50they apply the strategy and they do
9:22:51everything the right way, the lifestyle
9:22:52that they want is just couple moves
9:22:55away, all you have to do is execute the
9:22:56strategy correctly. So later throughout
9:22:58the week, just more day-to-day action in
9:23:00my life, and we did not take any trades.
9:23:03So keep in mind, the week before this,
9:23:05we ended up taking our first loss. Then
9:23:07the week after this, which is week five,
9:23:09we ended up taking no trades, which kind
9:23:11of made me feel a little bit not like
9:23:14Superman anymore because at the
9:23:15beginning of the challenge, I felt
9:23:16invincible. Now this times, I'm getting
9:23:18a little bit more humbled. I'm being
9:23:20very selective on the type of trades
9:23:22that I'm taking because obviously I
9:23:23don't want to blow the account now. I'm
9:23:25so ahead. I have so much time in front
9:23:26of me that I want to be on track to
9:23:28complete the challenge. It's week six of
9:23:30me turning $100 into a million. And let
9:23:33me tell you, you guys aren't ready for
9:23:35this week. Then we started off week six
9:23:37at same exact balance. The only
9:23:39difference now is that we have a Bugatti
9:23:41in the front of the driveway.
9:23:44>> Now we got views
9:23:46of my [ __ ] Bugatti. So if I don't
9:23:49complete this challenge,
9:23:51I can't afford the Bugatti. So I
9:23:54definitely have to complete the
9:23:55challenge and stay on route. So the goal
9:23:59doesn't feel right. Right. The Bugatti's
9:24:01pink. I'm wearing blue.
9:24:04I'll be right back. Give me a second.
9:24:07More like it, huh? Got to be on the same
9:24:10vibe as a
9:24:12I cannot believe I [ __ ] did that.
9:24:14Dude, still surreal.
9:24:17>> What's the payment on one of those?
9:24:19>> My payment is 46,000
9:24:22a month and then the insurance is like
9:24:242500. So, it comes out to like 4849,000
9:24:26every month. So, yeah, we got a lot of
9:24:29work to do to make that up.
9:24:30>> And to start off the week, like always,
9:24:31we do the Sunday swings. picked the top
9:24:33two, top three markets for the week
9:24:34ahead. But I decided to go look at my
9:24:36track record on the trades that I'm
9:24:38taking in the account to look at the
9:24:39stats, like what am I doing right, what
9:24:41am I doing wrong, so I can learn from it
9:24:43and double down on what I'm doing right
9:24:44and fix what I'm doing wrong. Currently,
9:24:46we have taken the 100 bucks to $8,000.
9:24:49You guys can see that the starting
9:24:51balance was 100 bucks and it was just
9:24:52updated 44 minutes ago. down below over
9:24:56here. You can currently see our win rate
9:24:58is currently a 70% of the total amount
9:25:02of trades that we have taken. We've
9:25:03taken a total of seven amount of trades
9:25:05and 100% of our trades have been short.
9:25:08So, we have not taken any long positions
9:25:11and our average duration is an
9:25:13interesting 20 hours. Now, this right
9:25:15here is going to be a problem very soon,
9:25:17the commissions that we have on the
9:25:19account because the bigger obviously we
9:25:22start scaling on this challenge. The
9:25:24more slippage, the more commission
9:25:26everything that we're it's going to cost
9:25:27us to trade. So, I might be switching
9:25:29brokers very very soon. Not entirely
9:25:32sure just yet, but I will be letting you
9:25:34guys know if I do. Well, I don't market
9:25:36a broker. I'm just going to let you guys
9:25:37know if I switch to a broker. I don't
9:25:38plan to market any broker anytime soon.
9:25:40You know what's funny? I paid $2,000 for
9:25:42that lighter. It doesn't work. Now I
9:25:44have to use this $20. What is it? How
9:25:46much? I don't even know how much is
9:25:47this. Like $5 at a gas station. [ __ ]
9:25:50sucks. It just doesn't feel right
9:25:52lighting a good cigar with a $5 lighter
9:25:54from a gas station. Feel like I'm
9:25:56disrespecting the cigar.
9:25:59$2,000 on a lighter. GBPCHF.
9:26:03Probably one of the cleanest ones that
9:26:05you can probably see. And it is this
9:26:07beautiful higher high, higher low.
9:26:09Higher high. Higher low. Higher high.
9:26:11Higher low. Higher high. Boom. [ __ ]
9:26:13structure lower low high lower low. Now
9:26:16this time frame is bearish. Now if I
9:26:17just show you guys this market structure
9:26:19like this which is realistically how you
9:26:21have to look at the structure of the
9:26:23market not look at the market. This
9:26:25right here is the structure of the
9:26:27market and you can clearly see how we
9:26:29were creating higher highs, higher lows
9:26:32and we shifted. We did a ginormous and
9:26:35beautifully formated double top pattern
9:26:37right here. And now we're coming back to
9:26:39retest that neckline of the double top
9:26:42to then have a reaction to the downside.
9:26:44What a coincidence that the neckline of
9:26:45the double top happens to also be at the
9:26:48weekly EMA and also happens to have a
9:26:51round psychological level 1.12500
9:26:54which is obviously very key because now
9:26:56you just have three four things that
9:26:58simply make sense at this area in order
9:27:00for you to be interested in the trade.
9:27:02What a coincidence. Now we also have the
9:27:03daily EMA, we also have daily structure
9:27:05level, so on and so forth. So, what I'm
9:27:07going to be waiting for for this trade
9:27:08is for price to have a break and retest
9:27:11under this little double top formation
9:27:13that we're potentially creating at this
9:27:16area here to have an alarm right at the
9:27:17bottom of it that's going to notify me
9:27:19as soon as we break out of it. And this
9:27:22trade once it does that it's going to
9:27:24have a great riskreward. We can easily
9:27:25get a 1 to5 or even to this structure
9:27:28point and then obviously we have a
9:27:29smaller stop loss. We get like a 1 to
9:27:31six, 1 to 6 or 7. This is a great
9:27:33risk-to-reward on this trade because we
9:27:34are following the trend. We're trading
9:27:36with the weekly time frame, we're
9:27:38trading with the daily time frame, and
9:27:40once that double top breaks, then we're
9:27:41going to be trading with the 4hour time
9:27:43frame. So, we have three time frames
9:27:44that are going all in the same
9:27:45direction. We simply just enter the
9:27:47trade set for. So, after we analyzed the
9:27:49top markets for the week, like always on
9:27:51Sunday swings, we then realized there
9:27:53was no markets to trade. But then we got
9:27:54a phone call from this guy that was
9:27:56like, "Yo, you want to put your Bugatti
9:27:59in a music video with Kodak Black and
9:28:01Trump?
9:28:02>> They want to have your the Bugatti
9:28:05um in this warehouse and have this
9:28:08marching Trump's marching band behind it
9:28:10playing while Kodak and all them are
9:28:12rapping in front. But Trump will be
9:28:14there.
9:28:14>> I I mean, I've been part of a couple
9:28:16music videos. I know how this [ __ ] goes,
9:28:18you know.
9:28:20Start pull up at 3, start at 7, end at 1
9:28:22in the morning, you know.
9:28:24>> Well, I [ __ ] hope it's not like that.
9:28:27>> Like, [ __ ] yeah. I've listened to Kodak
9:28:29Black since I was like 15. And who
9:28:31doesn't like Trump? Little did I know
9:28:33that I was getting scammed. Trump was
9:28:35not pulling up. And Kodak Black pulled
9:28:38up 20 hours late. And that same night,
9:28:41my Bugatti broke.
9:28:42>> Kodak's not here yet. We'll probably be
9:28:45here like 30 minutes. We going to leave
9:28:47till like 3:00 in the morning. Watch
9:28:58>> this time. My bad.
9:29:02won't care.
9:29:04When I go, I'm going be
9:29:14hold. I'm not going to lie. This [ __ ]
9:29:17feels a little too wobbly.
9:29:31[Music]
9:29:37We are still here. It's 9:00 a.m.
9:29:40Basically a trade update and we're still
9:29:43here.
9:29:46Well, after a couple hours,
9:29:49finally got it up.
9:29:52Now we got to take it from this tow
9:29:53truck
9:29:55to that tow truck.
9:30:01[ __ ] this dude.
9:30:02>> I don't even want to talk about that.
9:30:03So, after we finish all those
9:30:05shenanigans, like always, patience pays.
9:30:09And most importantly, following the set
9:30:11and forget strategy CHF, as you guys can
9:30:13see, we're currently up about $6,000.
9:30:16So, we entered this trade earlier,
9:30:17literally probably like [ __ ] I don't
9:30:19know, like an hour ago. But, we're in
9:30:21the middle of all these calls and the
9:30:22trade is now heading into our direction.
9:30:24Everything's looking very well. We're
9:30:26actually in a lot more profit than I
9:30:28expected. Obviously, I did not account
9:30:30how volatile this pair is. I did not
9:30:32realize that this pair goes into a
9:30:33little bit more draw down. We'll blow
9:30:35this account completely because this
9:30:36pair is super volatile. I actually have
9:30:38not entered a trade in GFP CHF in a very
9:30:40long time. But this trade right here, if
9:30:42it does hit my takerit, it could take
9:30:44this account up to like $70,000 if it
9:30:47does make it all the way down here. And
9:30:48then we were up now from the $8,000 that
9:30:51we were technically down back up to the
9:30:53$15,000 where we were 2 weeks ago. So,
9:30:56now we're picking back up, staying on
9:30:58track, and the goal for this week was to
9:30:59turn the 8,000 to 16,000 to 18,000
9:31:02roughly. And I again, I had an executive
9:31:05decision to make. Do I close at the
9:31:06profit for the week or do I set and
9:31:08forget? What do you think I did? I
9:31:10[ __ ] set and forget.
9:31:12>> Drum roll, please.
9:31:15$38,000.
9:31:18Ching. Well, for right now, I think this
9:31:23trade is that's why I'm not even that
9:31:24excited because I do think this trade
9:31:26right now in London session is going to
9:31:29have a pullback. Let me show you. So, I
9:31:31think now this is will have a
9:31:32retracement to retest this neckline of
9:31:35the left head, right shoulder for then
9:31:37the trade to then head to the downside.
9:31:40Currently on the daily time frame, we
9:31:41close very strong as a bearish
9:31:44engulfing, but we could come back and
9:31:46retest these daily wicks right here. So
9:31:49then the trader can continue heading to
9:31:51the downside. Now this is where a lot of
9:31:53beginner traders will probably get, you
9:31:54know, FOMO and either close out their
9:31:57positions here or they can probably set
9:32:00and forget the whole entire way.
9:32:02Currently just waiting for it to do its
9:32:05thing. But then when we go close the
9:32:07trade, we get the most ridiculous
9:32:09slippage I have ever gotten in any
9:32:11trading account. And I said, "If I'm
9:32:13getting slippage at this part in the
9:32:16challenge so early on, I don't want to
9:32:18be with this broker anymore."
9:32:20>> Yo, we just blew the whole [ __ ]
9:32:22account.
9:32:22>> No, that's how you close the trade,
9:32:24>> bro.
9:32:26We literally just blew the whole
9:32:30account.
9:32:33[ __ ] We just withd you all the money.
9:32:36So, we just draw the money from the
9:32:37current broker. Should get into my
9:32:39wallet by the end of today, maybe
9:32:41tomorrow. And uh we're going to deposit
9:32:44into a new broker, which I might be
9:32:46letting you guys soon which broker it's
9:32:48going to be. So you guys are going to
9:32:49have the same market conditions as me.
9:32:50Current broker right now. The fees were
9:32:52all over the place. The commissions were
9:32:54okay. It was more of the slippage. I
9:32:56would literally try and close the trade
9:32:58out and I guess slipped out. I wouldn't
9:33:00get closed at the point that I wanted
9:33:01to. So I'm going to be switching to a
9:33:02new broker today pretty much. And uh
9:33:05we'll see where the challenge goes from
9:33:07that point. And this is why I don't
9:33:08market brokers right at the beginning of
9:33:10the challenge. I know you guys ask me
9:33:11for what broker am I using? What broker
9:33:13am I using? I literally got this asked a
9:33:14thousand times. I don't want to market a
9:33:17broker that I don't trust and I don't
9:33:18have any experience with and gladly I
9:33:21didn't market it because [ __ ] I closed a
9:33:23trade at 30,000 in profit and then it
9:33:25puts me at 22. The slippage and the
9:33:27spread was absolutely ridiculous. I
9:33:29decided to withdraw my money and then
9:33:31put it into a new broker that I was
9:33:33going to then test out. But again, keep
9:33:35in mind this is the exact same account
9:33:37that I then just transferred the funds
9:33:39into a different one. And this is where
9:33:41we then pretty much moved on to week
9:33:43number seven where the ending balance
9:33:44was about 22,000.
9:33:46It's week seven of me turning this $100
9:33:48into a million. Then on this next week,
9:33:50it was week seven. We were starting with
9:33:52about $22,000 and then the goal was to
9:33:53take 22 to then 40.
9:33:57Touch that. Touch that. what you guys
9:34:00know about week seven turning $100 into
9:34:03a million. I I I thought it had just
9:34:05reversed on us. I was so I was like, "Oh
9:34:07shit." Currently, right now, we are up
9:34:10$4,000
9:34:12on the trade. Now, I'm not excited
9:34:15because of these $4,000. I could give a
9:34:17[ __ ] I'm excited about the potential of
9:34:20this trade that we have taken. If you
9:34:22have seen last week's series, you saw
9:34:25the loss we avoided on this position.
9:34:27Price had the push, stop, then push.
9:34:30That's what we are anticipating for this
9:34:32week to come ahead. So, we avoided not
9:34:35making any money this week simply
9:34:38because we have experience in the
9:34:41market. Now, let's look at it now. So,
9:34:44trade update. We are currently up $4,000
9:34:47on GBP CHF. So, if you guys saw last
9:34:50night's trade update, I explained that I
9:34:52was looking to enter a trade right
9:34:54around this area once we had the retest
9:34:56to then sell. So currently right now,
9:34:58GBPCHF has a very strong double top
9:35:01formation currently creating right now.
9:35:04Very strong bearish move. If this trade
9:35:06hits all the way down here, we'll
9:35:09[ __ ] sweep 1 to 11 risk-to-reward,
9:35:14meaning we will take Right now we have
9:35:1635 lots, right? So 35 lots means that
9:35:20it's $350 per pip. So, we do $350 per
9:35:25pip times a takerit of $342
9:35:31pips. So, $350
9:35:34times 342 pips. Drum roll, please.
9:35:41$100,000
9:35:43in one single position. The beauty of
9:35:46this is not this. We're going to get to
9:35:48this no matter what. What is the beauty
9:35:51is how much I'm actually putting at
9:35:53risk. So, I'm only putting at risk. So,
9:35:56we have 30 pip stop-loss. So, if I do
9:35:59$350
9:36:01per pip times $30, I'm only putting at
9:36:04risk 50% of the account. This is key to
9:36:08growth. So, I'm literally risking 50% to
9:36:12almost 5x the account. Tell me that's
9:36:14not a [ __ ] great deal. So, as of
9:36:16right now, we are currently just waiting
9:36:18for this position to have a confirmation
9:36:20body candlestick closure in the next 27
9:36:23minutes under this level of support
9:36:26right here. 4hour candlestick looks very
9:36:28strong, very bearish engulfing. Can then
9:36:30wait for a little retest as well for
9:36:31then that structure level right there.
9:36:33Basically, moral of the story, all we
9:36:34got to do right now is set for it. Just
9:36:37looks so lovely, dude. Like, we're
9:36:39finally like making some type of decent
9:36:41money. Like, look at this. And then we
9:36:44ran into the same broker issue. We took
9:36:46the 20 and then we took it to the 40.
9:36:48But we ran into even worse slippage on
9:36:50this other broker that we were testing
9:36:52out. And again, this is why I don't
9:36:54market brokers. It's my first time
9:36:55trading on it. And I'm taking a good
9:36:57trade. And when I take it, the profits
9:36:59that I'm supposed to be making, I
9:37:00literally lost it because of the
9:37:01slippage on the account. This is the
9:37:04trades from last night. GBPCHF. You guys
9:37:06can clearly see that we closed out all
9:37:09three positions at the same exact time.
9:37:12one of them is in profit and then the
9:37:13other got split in half or whatever and
9:37:16then it was in a loss. So GBPCHF last
9:37:20night I explained if we had a retest of
9:37:22this level and then a rejection to the
9:37:24downside we can very easily continue to
9:37:26head down. If not if we body closed
9:37:28above we can come back right into our
9:37:30area of interest. So, we body closed
9:37:32above. And as I'm seeing this body close
9:37:35above and then I'm seeing this rejection
9:37:36from the EMA, but then I see this retest
9:37:38of this level of support that every
9:37:40single time we're above, we're clearly
9:37:42heading up. I say, "Oh [ __ ] this is the
9:37:44area where I want to get out cuz I could
9:37:46get pushed right back into my entry and
9:37:48I don't want to be in a loss at this
9:37:50point in the challenge. I'm doing so
9:37:51well." So, I decided to close my
9:37:53position right at that line right there.
9:37:55Right at 1.11282,
9:37:59right at 3:00 in the morning, 4 in the
9:38:01morning, which is like when London
9:38:02session is kicking in. You guys can see
9:38:04down here the times. And I closed out
9:38:07the first position, right? The 20 lots.
9:38:09So, the 20 lots gave me $2,000 in
9:38:12profit. Now, we're going to do some
9:38:14calculations right now because if I
9:38:16enter the position up at this point
9:38:18right here, and then we close out the
9:38:21position, let's say somewhere in here,
9:38:23that is a total of about 23 pips. But
9:38:26for argument sake, let's say 20 pips.
9:38:29So, I am currently risking $200
9:38:33per pip. So, it's going to be $200 times
9:38:3620 pips. I'm supposed to be up $4,000 on
9:38:40that position. I am up $2,000. So, they
9:38:44ate up 50% of my profits, but that's
9:38:47fine. You know what? High fees. I'll
9:38:50take it. Whatever. Not a big deal. But
9:38:53then the other position when I go close
9:38:54it, it is then in a loss. Why did I take
9:38:58a loss on the same position that I
9:39:01entered at the same spot and close at
9:39:04the same spot? Why did it close at a
9:39:07loss? Now, this is where I get very
9:39:10skeptical about these platforms because
9:39:12it's just so unnecess like like I just I
9:39:14just don't get it. And this is why I
9:39:15also split my lot sizes because
9:39:18everybody says, "Oh, why don't you just
9:39:19take 180 lot?" It's for this very same
9:39:22exact reason. If I were to take 80 lots
9:39:24in a position, it would literally have
9:39:26one full slipped out position versus if
9:39:29I split the positions in half, at least
9:39:31I get one and then the other ones
9:39:33probably have a little bit of slippage.
9:39:34I I do this because I've dealt with this
9:39:36[ __ ] before and I've been dealing it for
9:39:37a very long time. Like this at this
9:39:39point was very frustrating because I
9:39:40just came off of a losing week, then a
9:39:44break even week and now two weeks that
9:39:46are technically break even because of
9:39:48the market conditions that the broker
9:39:49was giving me. If I'm running into these
9:39:50issues with a broker so early on into
9:39:52the challenge, I'm already being
9:39:53skeptical because imagine the slippage
9:39:55and the issues that I'm going to be
9:39:57running at when I'm fluctuating hundreds
9:39:59of thousands of dollars in profit, which
9:40:00is realistically like 3 4 weeks away if
9:40:02I double the account every single week.
9:40:04It's week eight of me turning $100 into
9:40:06a million. Last week, we took two trades
9:40:09where one of them made us about $2,000
9:40:11and then the other we lost $2,000.
9:40:12Biggest waste of time ever. And I wasn't
9:40:14going to let any of this broker issue
9:40:16stop me living my life. I'm going to go
9:40:18drift my Porsche. I'm going to go hit
9:40:19the gym. I'm going to go do what I have
9:40:21to do because at the end of the day,
9:40:22what affected me last time was that I
9:40:24was not living my normal life. Now, this
9:40:26time, I decided to, you know, you know
9:40:27what? If I take a loss, if I take a win,
9:40:30I'm going to go hit my gym. I'm going to
9:40:32go take my my night trades, if you know
9:40:34what I'm talking about, and just do what
9:40:36I got to do. And then later on
9:40:37throughout the week, we got another
9:40:38great opportunity in the market, which
9:40:39is what we analyze on Sunday swings.
9:40:41This market right here currently is
9:40:43having a lower high pullback. And this
9:40:46is what this market structure looks like
9:40:48on this pullback, right? We have some
9:40:51structure right here and then we are now
9:40:53at this resistance level. If I take this
9:40:56same exact market structure move from
9:40:58right here and then I simply move it to
9:41:02this market structure here with an
9:41:04exception of making this a little bit
9:41:06higher and aiming this a little bit
9:41:08higher. It's the exact same move right
9:41:11here, but instead of it obviously being
9:41:14here, it is now right here. It's the
9:41:17same exact move with the exception of
9:41:19bit being a little bit higher. Now, what
9:41:21is the difference that this had this
9:41:23[ __ ] the structure up here and that this
9:41:26one is having it right here. Let's see
9:41:28what happened here to see if we can
9:41:30anticipate for it to happen here cuz
9:41:31we're expecting for the sells and
9:41:33clearly this once it did this pattern,
9:41:35it then went to the downside. So, let's
9:41:37zoom into this 30 minute structure on
9:41:40this circle time frame right here. What
9:41:42did we get when we were at this pattern
9:41:44right here? Oh, okay. We got a left
9:41:46head, right shoulder. Okay, cool. Left
9:41:48head, right shoulder, retest, then sell.
9:41:51Well, let's go to current price right
9:41:52now. Holy [ __ ] What do we have here?
9:41:55Left head, right shoulder.
9:42:00[ __ ] with me. [ __ ] with me. if you want
9:42:02me to keep showing you guys because I
9:42:03see this all the time and I don't always
9:42:05explain it because I it's just normal to
9:42:08me. This is my second language, third
9:42:10language, and I see this literally every
9:42:12single day. It's very normal to me. But
9:42:14to a lot of you guys, this might be like
9:42:16what the [ __ ] a wow moment. And if it
9:42:18is, let me know in the comments so I can
9:42:20keep doing this stuff for you guys cuz
9:42:21it motivates me and it shows me that you
9:42:23guys are actually learning. So this
9:42:25position, we're actually very, very,
9:42:27very interested in executing, but not
9:42:29just yet. I want to execute this
9:42:31position once we have some type of
9:42:33engulfing confirmation. As of right now,
9:42:36I have my potential entry right under
9:42:38this level because when this candlestick
9:42:40closes under it, it is a engulfing
9:42:43candlestick. So, just put my alarm under
9:42:46there to pretty much notify me once we
9:42:48have that engulfing candlestick. Even
9:42:49the 15-minute hasn't had the engulfing
9:42:52quite just yet. So, we're going to stay
9:42:54up all night tonight because that
9:42:55literally might happen very, very, very
9:42:57soon. We actually ended up taking then
9:42:59the account from the 22 to about 60k in
9:43:02profit more or less. Drum roll please
9:43:06for the [ __ ] trade update.
9:43:08$19,000
9:43:10[ __ ] dollars in profit. Now what how
9:43:14fast did this happen? Very fast. Let me
9:43:17show you guys. So right now USD JPY
9:43:21exactly how I explained yesterday. We
9:43:23literally explained the only way we'd be
9:43:25interested in taking this position right
9:43:26here is if we have a break, retest, and
9:43:29then sell. Price literally broke,
9:43:32retested, sell. Exactly what we
9:43:35anticipated. Perfect entry signal.
9:43:37Literally 1 hour ago. As you guys can
9:43:39see down here, 8:00 in the morning.
9:43:41Currently, right now, it is 10:00 in the
9:43:45morning. So, as soon as we entered this
9:43:47position, market immediately started
9:43:49heading to the downside. Look how fast
9:43:50this momentum of this market is
9:43:52currently moving. Beautiful 30 minutes
9:43:55bearish engulfing evening star
9:43:56formation. 15-minute time frame. As soon
9:43:59as the candlestick close, boom, just
9:44:01completely downside move, which is
9:44:04absolutely beautiful. This is the trade
9:44:06that we avoided yesterday and we avoided
9:44:09to take the loss cuz it never retested
9:44:11and gave us the engulfing of this left
9:44:13head and the right shoulder. Now avoided
9:44:16this loss, we can remove this. Now we
9:44:18have this position right here. We're
9:44:20just looking decent, right? Obviously,
9:44:23I'm just hyped because I risked a lot
9:44:25more than I should have because we're
9:44:26trying to turn $20,000 into 40. So, I
9:44:29can literally close the position right
9:44:31now and then we will have the $40,000 in
9:44:34profit that we need. Literally. Oh. Oh
9:44:37[ __ ] Oh. Oh. Oh. What? Oh [ __ ] What
9:44:40the [ __ ] just happened? Oh [ __ ] Oh. Oh.
9:44:44Woah. Woah. Woah. Whoa, whoa, whoa,
9:44:51whoa, whoa, whoa, whoa. Whoa, whoa,
9:44:55whoa.
9:44:57Don't you [ __ ] do it.
9:45:01>> Hold on. I'm in I'm in shock right now.
9:45:04Yo, I saw 50,000. It was It was at the
9:45:06bottom of that wick right there. Is news
9:45:08happening right now? Probably. Well, now
9:45:10I'm on edge. I'm going to put an alarm
9:45:11right around my entry signal just to let
9:45:13me know that it is up there. I have to
9:45:16put a an alarm at the bottom of this
9:45:18candlestick. If we if we get a
9:45:20candlestick to go back under that wick,
9:45:23we're pretty much good. We are good.
9:45:29Okay.
9:45:31You know, you don't want this.
9:45:35All right. So, currently, right now, we
9:45:36had a little quick uh spaz in the
9:45:39markets. This is what trading in the
9:45:41market is. This is why people go crazy
9:45:43when they risk more money than they
9:45:44should. If I was risking, you know, 3,
9:45:46four, 5% like a normal human, I would
9:45:49even care. Oh,
9:45:55right now, $40,000 floating in profit.
9:45:58That's all we care about.
9:46:01>> Oh [ __ ]
9:46:04Oh [ __ ] Oh [ __ ] Yo. Oh [ __ ] Yo. No.
9:46:11Yo. Yo, I can't Yo, I can't make this
9:46:14up, dude. Yo, I can't make this up,
9:46:17dude. Holy Holy [ __ ] Holy [ __ ] bro.
9:46:22Yo, stop,
9:46:24dude.
9:46:26Oh, we got 100,000. Yo, there's no way.
9:46:31Yo, there's no way.
9:46:40Yo. Yo, there's no there's no way. Ow, I
9:46:44kind of hurt myself.
9:46:46Is my watch okay? That's fine. Doesn't
9:46:48matter. We can buy another one. Oh. Oh.
9:46:53Oh, dude. Oh. Yo, we're about to be at
9:46:56100,000. That's [ __ ] crazy. Yo, the
9:47:00countdown is legendary.
9:47:03Yo.
9:47:07No, no, no, no. We got to keep going. We
9:47:08got to keep going.
9:47:11Got to keep going. We got to keep going.
9:47:14>> 95.
9:47:20>> 95.
9:47:22>> Oh, 97. Yo, it's going to hit 100,000.
9:47:24Yo, it's going to hit 100,000. We got to
9:47:26keep going. Look, dude. I think I think
9:47:28we got to like
9:47:31Ah, dude. Do we got up to there?
9:47:34[Music]
9:47:37Now, now I just got to focus.
9:47:40What is it?
9:47:43Why didn't you do this?
9:47:46This right here shows you guys that the
9:47:48[ __ ]
9:47:49fundamentals will follow the technicals.
9:47:52All right, I got to focus, dude. Market
9:47:54update, boys. Markets update, boys and
9:47:58ladies and gentlemen. We have officially
9:48:02officially closed the accounts at No,
9:48:05no, no. Drum roll, please. Thank you
9:48:07very much. We have officially closed at
9:48:1190,000
9:48:13[ __ ] dollars on the account. So, we
9:48:14ended off the week I think about 90,000
9:48:1680,000 something like that in profit.
9:48:18And honestly, I didn't have really
9:48:20anything else to do. So, I had a bright
9:48:22idea. Why not buy five, six junk cars,
9:48:26call my other rich friends, and let's
9:48:28just go play bumper cars.
9:48:36Hey,
9:48:47[Music]
9:49:03[ __ ]
9:49:05So, we ended off closing off the week
9:49:06with about 90,000 I think in profit and
9:49:09playing bumper cars, which is pretty
9:49:10legendary because I got a pretty big
9:49:12group of people together in under two
9:49:15hours. Like, imagine you're getting a
9:49:16phone call saying, "Yo, pull up to this
9:49:18location and let's play bumper cars."
9:49:20Everybody's reaction is like, "What the
9:49:21fuck?"
9:49:21>> Good morning, ladies and gentlemen. As
9:49:24much as I would want to go right into
9:49:25the markets and show you my trades on
9:49:28this week where I'm going to be turning
9:49:29the $90,000 into 200, I have to spoon
9:49:32feed my children, my very special unit
9:49:35of children, the haters. Come here. Come
9:49:39here. Airplane.
9:49:43So, the beginning of week nine,
9:49:45something that I expected to happen
9:49:47happened. the haters. The haters decided
9:49:49to arise and they decided to then voice
9:49:52their opinions on their challenge. Now,
9:49:54keep in mind haters were not voicing
9:49:56their opinion up to this point. Why?
9:49:58Because the account wasn't big enough.
9:50:01Turning 100 to 300 and then 300 to 4 or
9:50:055,000, it's just not exciting. But now,
9:50:07when I started having multiple six
9:50:09figures fluctuating, automatically
9:50:11people wanted to then say, "He's not
9:50:14showing the trade history. It's not
9:50:15real. He blew the account." Like if I
9:50:17have not been showing every single
9:50:19trade, the before, the during, the after
9:50:21up to this point, literally showing
9:50:23every single trade in my free Telegram,
9:50:25in my Discord, in my Instagram, on
9:50:27YouTube. They wanted to voice their
9:50:30opinions. And I said, "Okay, you know
9:50:31what? Nobody's going to [ __ ] with my
9:50:33reputation. My reputation is
9:50:34everything." So I addressed the haters,
9:50:35showed the trade history, and then
9:50:37continued on with the journey. Because
9:50:39truthfully, if they were concerned about
9:50:42the challenge being legit at this point,
9:50:44I said, "You know what? Thank you. That
9:50:46means I'm not doing good of enough a
9:50:48job. Let me double down on making this
9:50:50even more transparent and even more
9:50:52legit. Ladies and gentlemen, it is
9:50:54currently 11:15
9:50:56in the morning. And as of right now, the
9:51:00account is currently sitting at a
9:51:02whopping blew the account.
9:51:04>> It's like $115,000.
9:51:08Now, you know what? Let me just uh
9:51:14we're currently sitting at $115,000.
9:51:17Now, the reason why I'm not excited is
9:51:19because we could have literally been in
9:51:22this much profit. We've been holding the
9:51:23last trade, but it sucks. So, we had to
9:51:25overexpose ourselves, but it's okay.
9:51:27Why? Because the strategy is working
9:51:29once again. NZDCAD literally having left
9:51:34head, right shoulder, retest of the
9:51:37neckline. Exactly what I explained
9:51:38yesterday on the 1 hour time frame.
9:51:40Higher high, higher low, higher high.
9:51:43Once it breaks and retests this
9:51:46neckline, we will be interested in
9:51:48selling. And boys, that is exactly what
9:51:51we did. We broke and we retested once
9:51:56again. Like does not get any more legit
9:51:59than this. Oh, but you want to know
9:52:01what's the crazy part? That the downside
9:52:03potential of this trade is massive. we
9:52:06can reach lows of all the way up to this
9:52:08structure point right here, but we're
9:52:10not going to do that. We're not going to
9:52:11be greedy. We're going to be realistic
9:52:13and set real takeprofits and we enter
9:52:14this position. Once we body close under
9:52:17this right here, we're pretty much good.
9:52:20And very ironically, the same week that
9:52:22I call out the haters is the same week
9:52:24where I'm supposed to be fluctuating in
9:52:26multiple six figures in profits. I
9:52:29actually ended up having the biggest
9:52:31loss.
9:52:32>> I don't even know why I'm laughing at
9:52:33this point. Yeah, the account boys to
9:52:3644,000.
9:52:38[ __ ] bro. This is why we can't [ __ ]
9:52:40around talking [ __ ] We [ __ ] jinxed
9:52:42it. Talking [ __ ] So, we just took a
9:52:45unnecessary $40,000 loss on NZDCAT. The
9:52:49same week I decided to troll the haters,
9:52:51which honestly it was kind of funny
9:52:53because I made it even more legit, even
9:52:55more transparent, and I expected to win
9:52:58a trade and I lost. I lost in front of
9:53:00everybody. And after I trolled the
9:53:02haters, it was kind of like a it was an
9:53:04L on my side. But you know what? I'm
9:53:06glad I'm glad that that happened because
9:53:08that only made me stronger to then come
9:53:10into the next week. So, we started off
9:53:12the challenge this week on about 90,000
9:53:15and we ended off on 40, which kind of
9:53:17sucks because after you address haters,
9:53:19you want to win. You want to win on the
9:53:21haters. I lost on the haters. Even
9:53:23though we did lose 50% of the account, I
9:53:25did something the haters can't. I got on
9:53:27a G4 to go to Dominican Republic to not
9:53:30only do a podcast on the jet, but to go
9:53:32check out my tobacco farm that I have
9:53:34for this brand that I'm actually
9:53:35building, which is my new cigar brand.
9:53:38And I said, "Okay, I might have lost for
9:53:40the week, but let's take this private
9:53:42jet, this cool podcast, and be back in
9:53:45about 36 hours just to check up on how
9:53:47the cigars are doing and coming right
9:53:48back." So, the haters had the laugh at
9:53:51the beginning of the week, but then I
9:53:52had it at the end of the week. All
9:53:53right, ladies and gentlemen, good
9:53:55morning. Let's head to our office. So,
9:53:56let me show you the starting balance for
9:53:58this week on the account. Wrong phone,
9:54:02white phone. So, right now, the starting
9:54:03balance for this week is going to be
9:54:05$44,000.
9:54:06So, to start off week 10, we got on the
9:54:08jet right back to Miami. But before I
9:54:10leave, I like taking care of the people
9:54:12that took care of me while we were out
9:54:14in this trip in Dominican Republic. Had
9:54:15one of the best chefs, one of the best
9:54:17services. Tent them about $2,000 in ones
9:54:20that I happen to find in my duffel bag.
9:54:22Don't ask me why it's ones. Don't ask me
9:54:25how it got there. I don't know.
9:54:37[Applause]
9:54:51You know what's funny? You give like you
9:54:53give somebody in the United States
9:54:55$10,000 like cash, like a big stack like
9:54:57this, and they'll be like, "Thanks."
9:55:00Like they won't they won't give a [ __ ]
9:55:02The first thing that I do when I get
9:55:03back is pull up the time piece trading,
9:55:04buy a new Richard Mill cuz I felt like
9:55:07my wrist was a little weak, you know?
9:55:08I'm like, you know what? We've been
9:55:09doing this for 10 weeks. I need some
9:55:11motivation. I need something better.
9:55:13Bugatti is not enough and it's broken.
9:55:15Let's go buy a new Richard Mill.
9:55:16>> What you just picked up, it's limited to
9:55:1850 pieces in the world. It's the Asia
9:55:19edition. It's carbon, super light. I
9:55:22think it's cool. Like, it's good
9:55:23contrast from your like your white
9:55:25watch, your gold watch. You know
9:55:26>> what makes this like the Asia edition?
9:55:28>> The the color way. Oh, like a black and
9:55:31black,
9:55:32>> bro. I like this one. I think I'm going
9:55:33to take this one.
9:55:35>> That's it.
9:55:37>> He's going to sell it to this guy, bro.
9:55:40>> [ __ ] it. Why not? We bought a chain for
9:55:41Ste. We give away out to him.
9:55:43>> Cuz you're always giving back.
9:55:45>> You know what?
9:55:48>> Yeah. What is going on here?
9:55:56>> The [ __ ] going on
9:55:58back there? love it.
9:55:59>> You know, he never gets gifts. So, I was
9:56:02like, let me be the first guy to
9:56:03actually gift this guy. He's always
9:56:04giving other people stuff. And I thought
9:56:05it was a nice gesture. He doesn't need
9:56:07it. Probably got the chain, throws it
9:56:09into the safe, and never looks at it
9:56:10ever again. But my conscious is good. We
9:56:13are currently in a position that we are
9:56:14going to continue to set and forget. I
9:56:18mean, I literally just called it last
9:56:19night. It's not my first time calling
9:56:20it. All right, boys. So, market update.
9:56:22We are currently up 41,000.
9:56:25So, we're back at We're not even back
9:56:26where we were last week. And we just did
9:56:29the dumbest thing ever. We just executed
9:56:32a loss right here because we decided to
9:56:35enter this position right around this
9:56:38area thinking that it was just going to
9:56:39continue to go down. Like when you don't
9:56:41sleep all night, you just start seeing
9:56:42[ __ ] But then I go down to the 1 hour.
9:56:44I'm like, but wait, this price
9:56:47definitely has the opportunity to come
9:56:49back and retest this level of support
9:56:51and resistance just how it did here. It
9:56:53could even go up further. it could
9:56:54literally go back up all the way up to
9:56:56this area right around here before
9:56:58actually going down.
9:57:00So the 80 lot that I took at that point
9:57:03right there, I simply closed it cuz it
9:57:05was actually [ __ ] So now I'm
9:57:08currently in this position. Um similarly
9:57:10what I said yesterday, we're ready to
9:57:12execute it. We're just waiting for the
9:57:13right confirmations. We just got the
9:57:15break of the structure how I wanted to
9:57:16enter the EMA.
9:57:19And yeah, we're in this position now.
9:57:20So, I'm just going to anticipate for
9:57:22price to continue having a push to the
9:57:24downside after this retest. Uh, we
9:57:26avoided a loss yesterday on Euro GBP.
9:57:30Avoided a loss on GBP JPY and avoided a
9:57:35loss on Euro AUD. So, we've been dodging
9:57:38bullets all week. Finally managed to
9:57:40catch one that aligned with the
9:57:43strategy. We closed a position at the
9:57:45top of this wick up here and literally
9:57:48we probably did the best decision we
9:57:50could have done. We closed these two
9:57:52positions at a $2,000 loss for a total
9:57:55of 160 lots. Then we waited for price to
9:58:00have its rejection. Now, some of you
9:58:01guys would have been like, "Wow, you
9:58:02closed for no reason. You could have
9:58:04still been holding the trade." You know
9:58:05what? You're right. You're right, dude.
9:58:07But you wouldn't be up $63,000 if I did
9:58:10not do that. Why? because I waited for
9:58:13this next entry bearish engulfing
9:58:15confirmation uh evening star formation
9:58:17under the EMA rejection from the
9:58:19structure and I said you know what okay
9:58:21fine you want to take me out of break
9:58:23even and you want to make me lose an
9:58:25extra 15 pips from the original entry
9:58:28that I originally had up here from this
9:58:30to this point okay fine I'll make it
9:58:32back by risking 170 more lots on this
9:58:36position before we had 160 lots which
9:58:39was these positions right here. 80 + 80
9:58:42is 160. You add all these up and we have
9:58:45330. So, we essentially almost doubled a
9:58:49little bit over the risk that we had
9:58:50before, but we got an extra confirmation
9:58:52that we did not get here. And you know
9:58:54what? I [ __ ] with it because yeah, we
9:58:57lose 15 pips from the entry, but we gain
9:59:00170 lots. It sucks on the short term,
9:59:03but on the long term, trust me, it's
9:59:05going to pay off,
9:59:08man. Dude, how stressful, dude, these
9:59:10last couple of hours.
9:59:12>> Yes. Yes.
9:59:14>> In profit. Like, we weren't just up
9:59:16$70,000 [ __ ] dollars. This shit's
9:59:20making me go crazy.
9:59:21>> All right, we just got out right now at
9:59:24[ __ ]
9:59:26I don't know, dude. I don't even know
9:59:27how much that is. Um, like $6,000 in
9:59:30profit, 5,000, whatever.
9:59:33>> Bro, what a swing, dude. How do you go
9:59:35from like 13 How do you go from $70,000
9:59:39in profit to then $13,000 in draw down
9:59:43to now only making 4 grand? Tell me how
9:59:46that works. So, we ended off week 10
9:59:48pretty choppy, kind of whack. Can't even
9:59:51lie because we spent a lot of money, but
9:59:52we didn't make a lot of money. But then
9:59:54come week 11, we do the same thing. Pick
9:59:56the top pairs for the week. But now this
9:59:58time, we did a major comeback.
10:00:00>> Welcome to week 11, turning $100 into a
10:00:03million. We made up for the slack that
10:00:05we did in two weeks because we took the
10:00:07account balance from what we were
10:00:08starting at to about $200,000.
10:00:11Now, you might be wondering, "What the
10:00:13[ __ ] The video just started." It
10:00:16didn't. The video started yesterday on
10:00:19Sunday Swings. Welcome, welcome, welcome
10:00:23to another Sunday Swings, where I
10:00:26literally broke down every single one of
10:00:28these trades to the tea. I entered USD
10:00:32CAD on the sales once again. So if you
10:00:34guys go watch last week's series, you
10:00:36guys would see what I went through last
10:00:38week right here at this very moment. I
10:00:41entered this trade, got stopped out at
10:00:43break even. I closed out a break even. I
10:00:45entered this trade, closed myself out of
10:00:47break even right here. It was an
10:00:48absolute brutal Friday. Now price came
10:00:51back into the area, did exactly what I
10:00:53said it was going to do, and then we
10:00:54executed the positions right at the top
10:00:57of this area. Such a beautiful trade.
10:01:00Look at this retest here from this level
10:01:03of support, support, support,
10:01:04resistance, rejection from the EMA.
10:01:07Daily time frame currently having that
10:01:10re break of structure. This daily
10:01:13candlestick engulf 1 2 3 4 5 6 7 8 9 10
10:01:1611 candlesticks. Then we had the
10:01:18pullback. Then we had the weekly double
10:01:20dogee rejection from the EMA, rejection
10:01:23from the structure. Like there's so many
10:01:26things that are going to make this trade
10:01:27create a new lower low rather than
10:01:29create a higher high. All I did was
10:01:31simply re-enter the trade where I was
10:01:33originally entered. The only thing that
10:01:35changed is the mindset behind when I
10:01:38entered this trade versus when I entered
10:01:40this trade. But if you notice, I'm
10:01:41taking the exact same trade. Look at the
10:01:44pattern formation here and where it is.
10:01:46It's at the area of interest EMA. Look
10:01:48at the pattern formation here. It's at
10:01:50the area of interest and EMA. And then
10:01:52you simply set and forgets. And we are
10:01:54now up $168,000. And yes, it's the same
10:01:57account as always, boys. You guys can
10:01:59see right here in the trade history. We
10:02:01can like I can literally close this
10:02:02position right now. So, it's literally
10:02:04Monday morning and I can literally close
10:02:06out this position at this very point
10:02:08right here and be done for the week. And
10:02:10there goes this series 5 minutes. But
10:02:13you know what? We're not stopping there.
10:02:14We're going to keep it going. We're
10:02:16going to try and turn this hundred
10:02:17something thousand into the million
10:02:19today. Now, the goal for the week was to
10:02:21double the account. And like always, I
10:02:23see the structure continuing with the
10:02:25trend. So, I'm going to set and forget.
10:02:26I want to maximize my profits, but
10:02:29minimize my losses. Trade update. It is
10:02:31currently 12:45
10:02:34in the morning. It's about to be 1:00
10:02:37a.m. Right now, we are in a new position
10:02:39where now the account is up 35 gazillion
10:02:42dollars. I'm kidding. We're still at the
10:02:45same exact spot. Still no trades that we
10:02:48have added on to the challenge. So, we
10:02:51did miss this new added position on USD
10:02:54CAT. As you guys can see, prices
10:02:56actually had a retracement to the area
10:02:58exactly how I anticipated. Price came
10:03:01back, reaches this structure level, and
10:03:03now it looks like it's having a sell
10:03:04down. We literally pulled out, right? I
10:03:06mean, you know, we had a little bit more
10:03:08that we could have potentially gotten,
10:03:09but you know, it's simply not worth it.
10:03:11So, we got out at the perfect area right
10:03:14before this retracement. We're looking
10:03:15to add positions here, but the session
10:03:18was not the right session to be entering
10:03:20this trade. So, for me to be interested
10:03:22in adding a new position, I would have
10:03:23to wait for a retest here to then head
10:03:26to the downside. So, I'm going to be
10:03:28waiting for that lower high to then
10:03:30sell. Wake up the next day and I see the
10:03:33trade could have tripled the account. I
10:03:35could have closed the account at half a
10:03:37million dollars by doing nothing. And,
10:03:39you know, this did mess with my
10:03:41psychology a little bit, but I'm leading
10:03:43by example. I have too many people
10:03:44watching me. I have to be realistic and
10:03:46be like, you know what, guys? This is
10:03:47going to happen. You're going to set and
10:03:49forget and you're going to close at the
10:03:50point where you thought it was the final
10:03:52point before price reversed. But the
10:03:54trade keeps on going. It's okay. You
10:03:57made money. You hit your take profit.
10:03:58You move on. So, I did miss out on about
10:04:01300K on the trade. But it's okay because
10:04:04I hit the profit for the week and we
10:04:06showed people that we can come back from
10:04:09two losing weeks, two break even weeks
10:04:11to now tripling the account on one
10:04:13single trade.
10:04:17It's week 12 of me turning this into a
10:04:20million day trading. So on week 12 is
10:04:22where things start getting a little
10:04:24interesting because now every single
10:04:25trade we're about to take is going to
10:04:27fluctuate hundreds of thousands of
10:04:29dollars. So, like always, the pairs that
10:04:31we analyzed on Sunday swings ended up
10:04:32taking it. We fluctuated up and down.
10:04:35>> Trade update. I feel like I I feel like
10:04:37I've said this a million times. Trade
10:04:39update. Right now, we are up $59,000
10:04:43on the account. But not only have I said
10:04:45this a million times, I'm talking about
10:04:47this. Oh, oh, oh.
10:04:50Yo, what is going on every single time?
10:04:52Yo, what the [ __ ] Yo, it's every time,
10:04:55dude. Yo, I can't make this up, dude.
10:04:58Yo, I can't make this [ __ ] up, bro. I
10:05:01can't make this up,
10:05:04bro. I was literally going to say we
10:05:06have the head and shoulders pattern. We
10:05:08see this pattern a gazillion times and
10:05:11then we usually always have the retest
10:05:13to then sell. Dude, what is happening,
10:05:15dude? What is happening, bro?
10:05:21All right. Well, look at that. There
10:05:23goes our trade update right there. We're
10:05:25up 100,000. The goal for the week is
10:05:27half a ticket, bro. Almost was there.
10:05:29Come on. Do your thing. Yeah. And dude,
10:05:31I was just so calm. I was so relaxed. I
10:05:34was so pacific.
10:05:37Well, the goal was to show you guys that
10:05:39what I said we needed yesterday to
10:05:41happen, which was the head and
10:05:43shoulders. We put our alarm at the ship
10:05:46structure and once we body close under
10:05:48it, we get the retest and then we sell.
10:05:51That's basically it. We've we've said it
10:05:52a 100 [ __ ] times.
10:05:55You can't make this up, dude. You cannot
10:05:58make this up. Okay, so right now we are
10:06:01up exactly a one to one and we're up
10:06:06about 100,000.
10:06:09That means when we get 2011 to 2, we
10:06:12should be up 200,000. And when we get
10:06:142011 to 3, we'll be up 300,000. Isn't
10:06:18that beautiful? Don't you want to have
10:06:19your easy math like that? Every single
10:06:21time you add a risk-to-reward, it's just
10:06:22an extra 100k. 100k. 100k sounds good to
10:06:25me. This is why I didn't want to
10:06:27celebrate earlier or be anywhere near
10:06:29excited because I expected for something
10:06:31like this to happen. We are currently
10:06:34down about $25,000 in the account when
10:06:38we were up earlier about $150,000 at the
10:06:42height of it.
10:06:45The markets did the dead out of me. Look
10:06:49at this. Price went not only straight
10:06:52into our stop loss, but a complete
10:06:54violation. Break through the previous
10:06:56structure level, almost through the
10:06:58screen, and out the [ __ ] roof. We
10:07:01just got diddy didd in the didd.
10:07:05Is that even real? [ __ ] Luckily, we did
10:07:09not risk much on the position. We are
10:07:11only back at $135,000
10:07:14and we only took about a $68,000
10:07:19loss on the account which given this
10:07:23trade I should have risked 100%. But I
10:07:26explained to you the higher I go in the
10:07:27account I lower my risk by 25 to 50%. So
10:07:30I'm not even mad. I I I'm not it's just
10:07:32it's one of those losses with this type
10:07:34of approach. You know, Albert Einstein
10:07:36has projects that sometimes don't don't
10:07:37do well. And right now, we are not doing
10:07:40well. We're still at the same exact
10:07:42spot. Still no new positions into the
10:07:44account. So, our trade deals are going
10:07:47to potentially start moving as of right
10:07:48now. GBPCHF for cells. I love how this
10:07:52price action is currently looking right
10:07:53now. Daily time frame closed with a
10:07:56daily dogee. And if we go down to the 1
10:07:58hour, 1 hour has had what looks to be
10:08:01like a little double top. I'm literally
10:08:03going to wait for a break and retest
10:08:05under this area right here. So, this is
10:08:08kind of like the consolidation zone it's
10:08:09in. So, I want to have some type of
10:08:11break out of this and then a quick
10:08:14retest, then sell. A little breakout,
10:08:16then a quick retest, then sell.
10:08:18Everything depends on the price action.
10:08:20But, I want to enter here, but I can't
10:08:22enter here right now. I need the
10:08:24breakout confirmation and then the
10:08:26pullback to enter here. I don't mind
10:08:28entering a little bit lower, but I just
10:08:30need the confirmation that it's having a
10:08:31breakout. It's having a move. We are up
10:08:35$238,000
10:08:39[ __ ] dollars. GBPCHF
10:08:42trade update. So, right now we have
10:08:44three very unique entries on GBPCHF and
10:08:47I want to explain them to perfection
10:08:49because this moved very fast. Literally
10:08:51only like 4 hours. This is just one
10:08:54candlestick. So, GBPCHF, we had the
10:08:574hour bearish engulfing how I wanted
10:08:59from that area and then we obviously
10:09:02entered at the breakout of all of this
10:09:06consolidation zone here. I entered on
10:09:08this 1 in the morning candlestick as it
10:09:11was getting ready to close. Entered
10:09:13right there. Spread took a little bit
10:09:14down and then we had our next entry on
10:09:18this 15minute pullback. So, we had the
10:09:21full move. I'm like, yes, amazing,
10:09:23beautiful. But then we had this
10:09:25pullback. And on this pullback, I waited
10:09:27for this engulfing confirmation. We
10:09:30entered on this pullback of this wick.
10:09:32And then the next entry, we entered at
10:09:34the bottom of that rejection candle
10:09:36right there. And those are our three
10:09:38entries. We have our first one up here,
10:09:41our second one right here, and our third
10:09:43one right around here. And our takerit
10:09:46was very strategically placed at this
10:09:49next 4hour low. So as you can see, the 4
10:09:52hours is clearly bearish. Higher, high,
10:09:53higher low. D bearish lower low, lower
10:09:55high, lower low, lower high. We're
10:09:57destined to create a new lower low. But
10:09:59up to where? Up to this structure point.
10:10:02And you can clearly see that price has
10:10:04very well reacted from that structure
10:10:06point. This is only a 1 to 2.7
10:10:08risk-to-reward. And we've risked a lot
10:10:11more than what we're risking here on
10:10:13different markets. This move just
10:10:15happens to be very, very volatile. Like
10:10:17we're up 102 pips right now.
10:10:19>> You got to set and forget. The trade
10:10:20either hits my stop loss or hits my
10:10:21takeprofit. Can I set and forget? And
10:10:23the trade ended up closing off at the
10:10:25highest point, which I think it was
10:10:26about $400,000
10:10:28at this point where the challenge is
10:10:30right now. So, we stuck to our trading
10:10:31plan. We held oursel accountable while
10:10:33doing this live in front of hundreds of
10:10:35thousands of people on my Telegram,
10:10:37Discord, Instagram, YouTube, absolutely
10:10:40everywhere. I'm not the only one making
10:10:42money at this point. There are so many
10:10:44of you guys that have done your own
10:10:45flips that I'm like, "Oh [ __ ] this
10:10:47shit's getting serious." I did a podcast
10:10:49with a student that by copying my exact
10:10:51same trades, he took uh what was it? I
10:10:53think he did $1,000 to $150,000.
10:10:58This guy by just watching my Instagram
10:11:00stories became a six figure person by
10:11:03watching 10-second Instagram stories.
10:11:06Talk about [ __ ] batting. Trade
10:11:07update. We closed at 332,000
10:11:11trade history. As you guys can see, we
10:11:13have officially closed the position at
10:11:16the highest point keyword. We've closed
10:11:18the position. We were just up 400,000.
10:11:21We lost 70K just because of [ __ ]
10:11:23floating [ __ ] P&L.
10:11:28Well, you know what? We actually won a
10:11:29trade. We shouldn't be doing that. So,
10:11:30after we closed off on week 12 at about
10:11:32$400,000, on week 13, I got a bright
10:11:35idea. We're going to [ __ ] live stream
10:11:38the last trade, trading 400 into a
10:11:41million. [ __ ] it. I came up with a
10:11:43bright idea to do it on Instagram. I go
10:11:46on Instagram, try to do an IG live,
10:11:48doesn't let me. Said, "Okay, you know
10:11:49what? Everything happens for a reason.
10:11:51Let's then go to YouTube." And we start
10:11:53a live stream turning $400,000 to
10:11:57$800,000. All right, ladies and
10:12:01gentlemen, welcome to the live stream.
10:12:04Today in the morning when I w I
10:12:06literally just woke up like an hour ago
10:12:08and I'm seeing the trade that I took
10:12:10last night. I'm like, "Yo, I have to do
10:12:14an IG live from the moment that I wake
10:12:18up till this trade hits a million." Then
10:12:20I go to my IG. So I'm going to show you
10:12:22guys right now. So this is my account as
10:12:26you guys can see. When I go into my
10:12:27account, I go into my settings and I'm
10:12:29trying to go on live. So look, I'm I'm
10:12:32going to do it right now with you guys,
10:12:33right? So right here on my IG, I try and
10:12:35go live. So I click here live
10:12:40at this time, your account is not
10:12:42eligible to use this. So even if I
10:12:44wanted to, I couldn't go live on
10:12:46Instagram. And I'm like, [ __ ] how do I
10:12:49stream? Like for me, this very point the
10:12:52whole entire way of me turning the
10:12:54hundred to the mil. Like it's going to
10:12:56literally be like the rawest day in the
10:12:58life that I think anybody has ever done.
10:13:00So, basically, we're going to stream
10:13:03until this account turns into a mill.
10:13:05Whether it happens today, tomorrow, the
10:13:09day after. I don't plan to turn off the
10:13:11stream until we don't reach the million.
10:13:14So, this can last an hour, which I don't
10:13:17think so based off of the price action.
10:13:19Or this can last 24 hours. This can last
10:13:2348 hours. I will not shut off this
10:13:26stream until we don't complete the
10:13:27challenge. This is something that is
10:13:29legendary and I want it to be documented
10:13:32the whole entire way. So get prepared,
10:13:35get comfortable because this is going to
10:13:37be an interesting
10:13:4024 hours, 48 hours, you guys are going
10:13:42to see real day in my life. Obviously
10:13:44like if I had to enter some meetings and
10:13:45stuff, you know, I can't have you guys
10:13:48be part of that. I'll just kind of like
10:13:49put it to the phone and [ __ ] So
10:13:53I mean we're we're live, bro. Like what
10:13:55do we do now? Like we're just live.
10:13:57Look, this is literally live right now.
10:14:01>> Focus.
10:14:01>> How much are we up? 600. [ __ ]
10:14:06>> History.
10:14:08>> Hold up.
10:14:08>> Is it focusing?
10:14:13Is it focusing?
10:14:14>> Yeah. Put a little higher.
10:14:17>> Yeah. There you go.
10:14:18>> You want it higher than that? Huh? Okay.
10:14:21So basically we have USD CHF where
10:14:23basically we have been interested in
10:14:26taking this position since early this
10:14:28week. You guys can tell how we've had
10:14:30this very strong consolidation zone and
10:14:33then what we ended up doing is we broke
10:14:35out of that consolidation zone. Let me
10:14:36actually take off all these writings. So
10:14:38once we broke out of this consolidation
10:14:40zone, we were then waiting for price to
10:14:41have a retest of this area. Once it
10:14:43retested this structure, then we would
10:14:45continue to head to the upside. Now,
10:14:48this had the retest exactly not exactly
10:14:51as I wanted to, but it made it to the
10:14:53area. And we had the most important
10:14:55thing, which is going to be our entry
10:14:58signal, which is this right here. This
10:14:59right here is our entry signal. Not this
10:15:03specifically, but there is something in
10:15:05here that happened that is my entry
10:15:08signal. And I don't really ever speak
10:15:10about it. And you know what? I'm going
10:15:12to talk about it on the stream, but not
10:15:14right now because we just got started
10:15:16with the stream and I don't see this
10:15:18market moving for the next
10:15:247 hours. So, only to the soldiers that
10:15:27are with me for these next seven hours
10:15:29that I'm doing this stream am I going to
10:15:31actually break everything down of my
10:15:33strategy and everything. So, I I I you
10:15:36know, I feel like I came up with this
10:15:37idea and I haven't really processed
10:15:39that. We didn't really put too much
10:15:41thought into,
10:15:41>> bro. For real, dude. What the [ __ ] bro?
10:15:44>> Cuz now I can't turn it off.
10:15:47>> I just can't. I'm so committed. I I
10:15:48can't. I live streamed for literally 26
10:15:52hours. I was with you guys when I went
10:15:55to throw away trash, when I went to go
10:15:57eat, when I went to go drift, when I
10:15:59went to go do my day-to-day life. I
10:16:00literally was with you guys all the
10:16:03time. So, I did want to say this is
10:16:05probably one of the most spontaneous
10:16:07little events I've done. I probably
10:16:09expected five people to pull up, six
10:16:11people to pull up. We have well over
10:16:12almost like 50 60 people. It's two in
10:16:14the morning. You guys are maniacs,
10:16:16right? I'm letting you guys know. I
10:16:18thought I was a freak staying up all
10:16:19night watching the markets.
10:16:20>> You are.
10:16:21>> Well, I'm not I'm
10:16:24could be a maniac. I could be a maniac,
10:16:26but I'm not the only one. I'm surrounded
10:16:27by other people that are passionate
10:16:30about this [ __ ] People that are willing
10:16:31to do whatever the [ __ ] it takes to make
10:16:33this [ __ ] go down. And like, yeah, it's
10:16:35cool that I, you know, dropped the pin
10:16:37and was able to get you guys here
10:16:38together, but like this [ __ ] is not
10:16:39about me, bro. Like, this is about you
10:16:41guys. You guys got to realize that you
10:16:43guys are doing the same thing that I'm
10:16:45doing to be able to be on the same
10:16:46journey that I am. You guys are staying
10:16:48up. You guys are putting money at risk.
10:16:50You guys are learning, failing, rinse
10:16:52and repeating. And over time, you're not
10:16:54the same person that you were last month
10:16:56compared to now. So, I just want to say
10:16:58like the people that you are around
10:16:59right now are the people you want to be
10:17:01around with. You're the fifth person out
10:17:04of your four people in your friend
10:17:05group. If your four friends are smoking
10:17:07weed, you're [ __ ] smoking weed. If
10:17:09your four friends are diddy, you're the
10:17:10fifth Diddy. That's how it go.
10:17:12>> You guys were telling me to close a
10:17:13trade when we were up 700,000.
10:17:15>> This is not done. There's a lot more in
10:17:18this.
10:17:18>> You guys told me to close a trade when
10:17:20price started pulling back and we were
10:17:21at 600,000. And on the live stream, not
10:17:23only am I answering all your guys'
10:17:25questions, but I am literally engraving
10:17:27the mindset. You need to adapt to be
10:17:30able to handle these types of swings.
10:17:32The trade isn't done. If the trade has
10:17:35not hit the takerit, you do not close.
10:17:38The trade was at about 700,000 and I
10:17:41wish you could see the chat. Literally
10:17:43thousands of people live watching saying
10:17:45close, close, close, close. Clearly,
10:17:47none of these people are my students and
10:17:49they don't know how the set and forget
10:17:50strategy works. The set and forget
10:17:52strategy works by set and forgetting.
10:17:55You have a stop-loss. You have a
10:17:56takerit. Price is either going to hit
10:17:58one or the other. And guess what we did?
10:18:00We set and [ __ ] forget.
10:18:02>> We have officially closed the challenge
10:18:05at 800,000.
10:18:08Just do it. The trade not only hit our
10:18:11takerit and we close at 800,000. The
10:18:14trade continued to create new highs. If
10:18:16I would have just continued to hold for
10:18:18two more hours, I would have completely
10:18:21finished the challenge at this very
10:18:23moment. I could have finished it on a
10:18:25legendary 26-hour stream. But you know
10:18:27what? I'm glad that I followed my
10:18:29strategy and I closed at where I did
10:18:31because then this gave me the
10:18:33opportunity on week 14 to start off a
10:18:36stream right at the beginning of the
10:18:38week where then we took the final
10:18:40$800,000 to then the million. And all I
10:18:44can say, you know what? I'm gonna let
10:18:47the stream speak for itself.
10:18:59>> So that was like looking back at those
10:19:01clips right now, it really lets me just
10:19:04like settle in and realize, bro, what I
10:19:07was doing, I I was out of my mind. I was
10:19:10losing sleep every single night. I was
10:19:13taking a unnecessary amount of stress
10:19:16that I didn't need to take. And
10:19:18honestly, I just put this challenge on
10:19:20my shoulders for whatever reason that I
10:19:22came up to it. But if there's something
10:19:24that I did realize after watching back
10:19:27on these videos and looking at what I
10:19:29did is that I stayed true to one thing
10:19:33and that is my strategy. Every single
10:19:36trade that I took, I had an extreme
10:19:38consistency behind every single trade. I
10:19:41understood exactly the type of trade
10:19:43that I was taking. I was reading market
10:19:44structure the proper way. I was properly
10:19:46having a trade hit my area of interest.
10:19:48I was having a trade properly giving my
10:19:50entry signal at the right time. Like
10:19:52despite all the noise and everything
10:19:54going down, I stuck to one simple
10:19:57approach into the market and that is
10:19:58confluence trading. Having the trade
10:20:00makes sense. Now yes, was it fun? Was it
10:20:03exciting? Was it a crazy journey? Yes.
10:20:07Will I do it again? Maybe. I think that
10:20:11that person that I was when I started
10:20:14that challenge was not the same person
10:20:17that came out at the end of the other
10:20:18side. And the person that I am today is
10:20:22not the same person even when I finished
10:20:24that challenge because that just led me
10:20:26to understand not only the markets in a
10:20:28different way, but that let me
10:20:30understand myself and just trading as a
10:20:34whole. understanding the opportunity
10:20:36that trading has to offer and the real
10:20:40raw way of flipping accounts, aggressive
10:20:43trading, uh just just just being a
10:20:46fullblown trader. Just every single
10:20:49thing that I would wake up, eat, sleep,
10:20:51breathe would just be trading. There was
10:20:52nothing else that was on my mind for
10:20:54those three months of me completing that
10:20:56journey. And if there's something that I
10:20:59would take away from that whole entire
10:21:01journey, it would be that for you to
10:21:04succeed in this, for you to do what I do
10:21:06in this or what other people are doing
10:21:08in this is that you need to do exactly
10:21:10that. You need to immerse yourself in
10:21:13this. Like this needs to be what you
10:21:15eat, sleep, breathe. I have so many
10:21:17people that come up to me in the public
10:21:19and they're like, "Hey man, like I I
10:21:20really want to have this this trading
10:21:22stuff as like a side gig. Like I want to
10:21:23have an extra source of income." I'm
10:21:25like, "Buddy, that's not going to
10:21:27happen." Like, trading is not going to
10:21:28be an extra source of income for you.
10:21:30Like, you're either allin or you're not.
10:21:32Can it become an extra source of income
10:21:35in the future once you understand how to
10:21:36trade and how you do this properly? Yes,
10:21:38of course, 100%. But you first need to
10:21:41be all in how I was in that challenge to
10:21:45understand the markets and understand
10:21:46yourself on how to understand the
10:21:49markets. And then once you understand
10:21:52everything, you could treat it as a side
10:21:54gig because you get it. But you can't
10:21:56get something into you don't actually
10:21:58get it. That is probably the biggest
10:22:00takeaway that I took from this whole
10:22:02entire challenge is that I really en
10:22:04engulfed myself in the market as a
10:22:07whole. And if there's something that I
10:22:09now have so much passion for is not only
10:22:12trading, but it's getting other traders
10:22:14to understand the markets exactly how I
10:22:16do it at this point. I have students of
10:22:18mine now that they break down the trades
10:22:21and they not only break them down just
10:22:23like me, but they almost sound like me.
10:22:25Like they're literally reading the
10:22:26markets. They're talking head and
10:22:27shoulder. They're talking area of
10:22:28interest. They're talking shift to
10:22:29structure at the exact points where I do
10:22:31when I break down the trade. Sometimes
10:22:33some of my students I'm like I don't
10:22:35even need to teach anymore. Like you
10:22:37guys can do this for me because this is
10:22:39like speaking a language. Trading is not
10:22:41difficult. All you need to do is just
10:22:42simply learn. Something's not hard if
10:22:44you don't know it. But when you know it,
10:22:46you simply know it. For me right now,
10:22:47talking Chinese will be very difficult.
10:22:50But is it impossible? No. Will it take
10:22:52me a year to be able to perfect it and
10:22:54be able to fluently listen to Chinese
10:22:56music? Yeah, I'm not going to get it
10:22:58right off the bat. But if I surround
10:23:00myself with a bunch of people that speak
10:23:02Chinese and are constantly communicating
10:23:04in it and we're writing it down and
10:23:06everything we do is in Chinese, I'm
10:23:08going to be able to grab it a lot
10:23:09faster. And that's where I've been
10:23:11dedicating a lot of my time to lately.
10:23:13And it's getting these right people in
10:23:15the right environment to be speaking
10:23:17this right language. The people inside
10:23:19of my community, my community is no
10:23:21longer open to the public. Like
10:23:22everything I've lit I like the people
10:23:24that want to learn how to trade and
10:23:26learn how to properly read the markets,
10:23:27like this is what YouTube is for. This
10:23:29is what this platform is for. It's for
10:23:30you guys to just go ahead and and have
10:23:32everything on one spot. That's what this
10:23:33is for. But the people that actually
10:23:35want to take trading serious and
10:23:36actually learn a strategy and be a part
10:23:38of a community, that's what I dedicate
10:23:39my time to. back. I have a very very
10:23:41small circle of traders where I break
10:23:44down trades with them live. I get to
10:23:46review their trades live. People get to
10:23:48actually be on a Zoom call with me
10:23:51one-on-one. They get to open their mic,
10:23:52ask me questions. These are people that
10:23:54are actually serious about trading.
10:23:55Like, if you want to know what trading
10:23:56is, how trading works, what is a support
10:23:59and resistance, what is a this, what is
10:24:00a that, that that's what my YouTube is
10:24:02for, and I will gladly do that for you.
10:24:04And you're going to learn what
10:24:06everything is, right? There's nothing
10:24:07else that I can teach you what it is or
10:24:09how it really works. Like this is
10:24:11everything you need to know. Now,
10:24:14there's a very fine line in between
10:24:16knowing what something is and how it
10:24:18works and how to master it and use it in
10:24:20an every single day live real market
10:24:23example because by the time you're
10:24:24watching this video, the markets that
10:24:26you're seeing in these examples are
10:24:28probably months old, weeks old, maybe
10:24:30even years old. Depends when you're
10:24:32watching this video. But what isn't is
10:24:35these live calls that I do with my
10:24:36students where we're literally executing
10:24:38the strategy and on very unique examples
10:24:41that are happening in the market every
10:24:43single day. The market's never going to
10:24:45give you the exact same pattern. It's
10:24:47going to be very similar. It's going to
10:24:48have a little bit of tweak here and
10:24:50there, and that's what I dedicate my new
10:24:53time to. It's getting these traders to
10:24:55the next level. Not only understanding
10:24:56the markets and teaching them the what's
10:24:58the hows, but it's the exact points when
10:25:00to execute it and when to not. And I
10:25:02made a very rookie mistake in my early
10:25:04years of educating people. And that's
10:25:06why I took a very big break for a while.
10:25:08And that's that I pretty much just let
10:25:11everybody inside of my community. I let
10:25:13anybody that wanted to join and be part
10:25:15of a winning community, I would just let
10:25:16them in because I wanted to help
10:25:17everybody and anybody. But there was
10:25:19actually a problem, right? Because all
10:25:21different types of people would be
10:25:23joining and just some people that didn't
10:25:25really want to take it serious and
10:25:26wanted to make this their their side
10:25:28thing. And if you're not ready to make
10:25:30this your full-time thing, I really
10:25:32don't want to be working with you
10:25:34because it just simply takes away from
10:25:36other people that do and people that are
10:25:38ready to dedicate all their time into
10:25:40this. So my my community is no longer
10:25:42available to just anybody. It's the
10:25:43people that are actually ready to be
10:25:45part of a circle that's going to be
10:25:47executing this every single day. If
10:25:50you're not ready to execute this every
10:25:51single day, it's just simply not your
10:25:53time. figure out a time when it's right
10:25:55for you because the last thing that you
10:25:57want to do is do something halfass and
10:26:00then at the end of the day end up
10:26:01quitting because you never gave your
10:26:03100%. Just don't even start if you're
10:26:05not ready to do it. It's just it's just
10:26:07not meant to be. The timing needs to be
10:26:09right. You need to be ready to go
10:26:10through these endless challenges and
10:26:12this endless journey that trading is
10:26:13going to go. And my students lately have
10:26:17been having the most insane results.
10:26:19Like for example, you can literally take
10:26:20Mike. Mike took $1,000 into $130,000
10:26:23while still working a full-time job
10:26:26living in Canada. And you can take
10:26:28Philillip, 22 years old, and he made
10:26:30over $30,000. Look, I I'm I'm not even
10:26:32going to just speak on this, right? I'm
10:26:34going to literally show you and let the
10:26:37results speak for themselves. I have
10:26:38this I had, bro, I have so many
10:26:40testimonials of my students that I had
10:26:43to go create a whole entire YouTube
10:26:45channel just to upload the podcast in
10:26:47here. Like and these are just the ones
10:26:48that I end up making public, but I have
10:26:51hundreds of podcasts with the thousands
10:26:53of my students that are part of my
10:26:55private community where I literally have
10:26:57to do this interview with them because I
10:26:59need to really understand what was that
10:27:02took them from one point to another. Was
10:27:04it the way how they actually executed
10:27:06the market structure? Was it the actual
10:27:08entry signal? Was it the full confluence
10:27:11trading and using my checklist? Was it
10:27:13having me every single Sunday sharing
10:27:15the trades that I'm interested in taking
10:27:17and they're just following these trades?
10:27:19I saw a pattern. I saw a pattern in
10:27:21every single one of these students that
10:27:23I have done a podcast with and having
10:27:25crazy results like making $180,000 in
10:27:28two years, turning $100 into$10,000,
10:27:31making $62,000 in three months. I
10:27:33remember this trader, he has a cannabis
10:27:35business, he's part of it with a
10:27:36partner, and he made an extra $62,000 in
10:27:39three months. this student, for example,
10:27:41where he made $120,000 in one single
10:27:44year. And I literally made a bet with
10:27:46him when we did our first podcast and we
10:27:48did our our part one of our podcast
10:27:50right over here. And I told him that if
10:27:53he came back a year later and he was
10:27:56more profitable than what he was, that I
10:27:57would give him $10,000. You can go watch
10:27:59this for yourselves. And I I literally
10:28:02paid my students $10,000 because I
10:28:05wanted him to trade my funds. and we
10:28:07kind of have a little thing going on
10:28:08where we do a profit split so on and so
10:28:11forth. The pattern that I saw in every
10:28:13single one of my students is they follow
10:28:17the strategy like if their life
10:28:19dependent on it and they dedicated 100%
10:28:22of their time to learning this strategy.
10:28:25Learning the strategy takes time, takes
10:28:28effort and most importantly you need to
10:28:30prioritize this. Like if you need to
10:28:32eat, sleep, breathe trading. And if if
10:28:35you're that person and you're ready to
10:28:36take on this journey, I have some new
10:28:39spots that I'm opening to be part of my
10:28:41community. The link is in the
10:28:42description down below. You guys can go
10:28:43ahead and apply, right? You can't just
10:28:45join right now. Even if you wanted to,
10:28:46you have to be qualified to be part of
10:28:48my community. If if you don't qualify,
10:28:50you know, you can you'll be able to talk
10:28:52to my team. My team will be like, "Hey,
10:28:54look, just let you know you're
10:28:55qualified." Or, "Hey, look, you're not
10:28:56qualified for this reason. You should go
10:28:58work on this or you should go watch this
10:29:00video first. After you finish watching
10:29:02this video, maybe come back and apply
10:29:03again." Right? We have a series of
10:29:04questions that will be able to determine
10:29:07if you're the right fit to be part of
10:29:08this community or not. And just if
10:29:11you're going to go apply and be a part
10:29:12of a students, be as truthful as you can
10:29:14with the answers that you're going to
10:29:16answer because if you just answer
10:29:18something with little to no effort, we
10:29:20we're just going to completely
10:29:21disqualify you and not even remotely
10:29:24have any interest in having you part of
10:29:26the community. We have people that not
10:29:28only apply once, they apply twice, three
10:29:30times, and they find multiple ways to
10:29:32get accepted. And trying to just find a
10:29:34hack to get in, that's not going to
10:29:36work, right? Like my team goes through a
10:29:37very strict process to accepting people
10:29:39to be part of my community. If I'm
10:29:41getting on a Zoom call with you on a
10:29:43one-on-one basis and I'm going to be
10:29:44breaking down your trades, if we're
10:29:45going to be reviewing your trades, like
10:29:47I want to make sure you're the right
10:29:48person and you're worth my time, right?
10:29:50And just being fully honest, like I I
10:29:52don't need to teach more people. I need
10:29:54to teach the right people because my
10:29:56goal is to have the most successful
10:29:57trading community and eventually build I
10:30:00want to build a trading floor and I have
10:30:02a lot more plans that I have in the
10:30:03future and I need the right people to be
10:30:05part of this circle for me. And if you
10:30:07care to be part of this community or it
10:30:09spikes your interest, once again the
10:30:11link in the description is down below.
10:30:13Read the application, watch the video
10:30:15before you watch the uh before you
10:30:17actually fill out the application so you
10:30:18understand what you're getting yourself
10:30:19involved to. If you're not ready to give
10:30:21your 100%, do not even remotely think
10:30:24that this is the right time for you.
10:30:25Once you're ready, once you understand
10:30:27and you have a clear understanding and
10:30:28you've seen this video maybe once or
10:30:30twice, then go ahead and hit that apply
10:30:32button because we want to make sure that
10:30:33you're the right fit to be part of this
10:30:35community and we can actually take your
10:30:36trading to the next level. And this is
10:30:38somewhere where not only do I teach you
10:30:40how to trade, but I teach you how to
10:30:41trade from 0 to 100. So, I'll give you
10:30:44the exact full blueprint exactly what I
10:30:46have just shown you here, but a much
10:30:47more defined version of it. You're also
10:30:50going to be part of a winning community
10:30:51where there's going to be other
10:30:52successful traders inside of this
10:30:54community that share the trades that
10:30:56they're taking every single day. I'm
10:30:57personally in there engaging as well.
10:30:59You can ask questions directly to me
10:31:01inside of this community. You have the
10:31:03famous Sunday swings where every single
10:31:05Sunday and once you join you're going to
10:31:07see the recordings of all of the Sundays
10:31:09that I've been doing for the last three
10:31:11years where it's over 150 something
10:31:14recordings of me literally predicting
10:31:16the markets every single week and I am
10:31:19literally getting on a Zoom call every
10:31:21single Sunday sharing with you the top
10:31:23trades that I am interested in taking
10:31:25for the week and why I am interested in
10:31:27taking these markets because I'm
10:31:30literally explaining to you this market
10:31:32is good because of X Y and Z and this
10:31:34market is bad because of X Y and Z. So
10:31:36all of your efforts are on the right
10:31:38market and you're going to execute the
10:31:40strategy on the right market. The
10:31:41pattern that I saw with these students
10:31:43that led them to not only succeeding
10:31:45because of the strategy is this because
10:31:47they are part of a winning circle and
10:31:49they are currently following the proper
10:31:51markets that they should be following.
10:31:53And you can also get access for me to
10:31:55review your trades where you get to get
10:31:57on a one-on-one with me and I get to
10:31:59better understand why you're making
10:32:02certain mistakes on certain trades and
10:32:05how we can actually fix that because
10:32:06everybody has different mistakes in
10:32:08their journey and they're executing
10:32:09things correctly in some areas but
10:32:11incorrectly in some areas. And since
10:32:13you're by yourself in your office and
10:32:15you don't have somebody there to correct
10:32:17you, maybe your family, your siblings,
10:32:19your cousin, they just don't understand
10:32:20what you're doing, they just simply
10:32:22don't get it. and you need somebody that
10:32:23not only knows how to do it, but has
10:32:25taught thousands of other people that
10:32:28know how to do it and have become very
10:32:29successful from it. So, if you think
10:32:31this is the right fit for you, hit the
10:32:32link in description down below. We would
10:32:34love for you to be part of the community
10:32:35if it's the right fit for you. If not,
10:32:37check out some more videos. Get a little
10:32:38bit better understanding of how trading
10:32:40works. Get a feel for it. Make some
10:32:42mistakes, make some money, lose some
10:32:44money, get get that urge of view of
10:32:47actually executing a trade out. And if
10:32:49it's something that you still want to
10:32:51pursue and despite you getting beat up
10:32:53sometimes and still something that you
10:32:54want to take on a challenge, come back
10:32:56and hit the apply button and we'll see
10:32:58if you're ready to be part of the team.
10:33:00If you watch the video all the way to
10:33:01this point, all I want to say is that I
10:33:04truly wish I saw one of these videos
10:33:07when I started my journey. I cannot
10:33:09stress to you how many videos I saw
10:33:11endlessly inside of YouTube just
10:33:13searching the internet what certain
10:33:15things were and how to piece everything
10:33:16together. And it was honestly just a
10:33:19nightmare. And you know, looking back to
10:33:21it now, I don't regret my journey one
10:33:24bit. And I definitely don't wish I had
10:33:26it another way. But having a video like
10:33:28this and having a mentor like what I'm
10:33:29doing now would have definitely
10:33:31facilitated everything and would have
10:33:33saved me a lot of time. And maybe a
10:33:35couple of my buddies that started this
10:33:37journey with me, they would have not
10:33:38quit and they would have not made so
10:33:40many mistakes where it led them to
10:33:41quitting because they just got
10:33:43overwhelmed and didn't see the the light
10:33:45at the end of the tunnel. it didn't make
10:33:47sense for them to continue to push
10:33:49because there was just in their eyes
10:33:51there was just no real reward for the
10:33:53risk that they were taking. And you
10:33:55know, you guys watching this video,
10:33:56you're extremely fortunate and I I just
10:33:58want to say thank you for watching this
10:34:00video to the end. If you guys have not
10:34:01hit that like and subscribe button, do
10:34:03that at this very moment right now. Hit
10:34:05that like and subscribe button. If
10:34:07you're watching this video in the
10:34:08future, you know, a couple month couple
10:34:10of months from when it got uploaded or
10:34:11even a couple of years from when it got
10:34:13uploaded, all I can say is that you are
10:34:15not too late to get trade, like you're
10:34:17not too late to get involved in
10:34:19anything. Whether it's just your first
10:34:21trade, whether it's a new strategy,
10:34:23whether it's just re-watching this
10:34:24video, like the markets are not going to
10:34:26go anywhere. As long as we have
10:34:28currencies around the world, we will
10:34:31have a market. Whether it is a digital
10:34:34currency or whether it is a actual
10:34:36currency, the markets will be there. The
10:34:38opportunity for you to make money is
10:34:40going to be there. Don't get FOMO
10:34:42thinking, "Oh my god, I have been
10:34:44wasting two years of my life at this job
10:34:46when I could have learned this or I
10:34:48could have been doing this instead of
10:34:49being at college." Don't get FOMO. Yes,
10:34:52did you miss out on opportunities? 100%.
10:34:55But a lot of people have made money from
10:34:56the opportunities that have just passed
10:34:58by. But that doesn't mean that there's
10:35:00not new opportunities coming into the
10:35:01market. The markets are not going to go
10:35:04anywhere. I always look forward to
10:35:06tomorrow and the opportunities of
10:35:08tomorrow. I never look back at the
10:35:11opportunities that I missed because I
10:35:13wasn't part of that. It wasn't meant for
10:35:14me. It just simply wasn't my time. And I
10:35:17know there will always be a tomorrow and
10:35:20there will always be another
10:35:21opportunity. So, it's not too late to
10:35:23get started. And if you do get started,
10:35:25don't try and catch up for lost time.
10:35:27That is how you simply put yourself into
10:35:29a deeper hole that can be very very
10:35:32costly and very difficult to get out of.
10:35:34So, hope you guys enjoyed this video.
10:35:36You guys once again have not hit that
10:35:37like and subscribe button. Hit it. And
10:35:39uh make sure to watch any other videos.
10:35:41If you want to be a student, apply down
10:35:42below. And I hope you guys enjoyed this
10:35:44video. I'll see you guys on the next
10:35:46one. Take care, guys. Bye. Oh, oh, oh,
10:35:49oh, and by the way, by the way, most
10:35:51importantly, whenever in [ __ ] doubt,
10:35:55set them for good voice. They care. See
10:35:58you.

About this transcript

This page contains the full transcript of The Trading Industry Will Hate Me for This FREE 10+ Hour Course by fxalexg , generated from the public captions YouTube serves with the video. The transcript has 130,129 words across 17,829 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.