This Is Exactly How I TRADE DMC (Day trading Strategy) — Transcript

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1. 0:00I'm going to teach you the core of my
2. 0:01trading strategy that I'm using in order
3. 0:02to become the best trader in the world.
4. 0:04This is what I do day in day out so you
5. 0:06can replicate it to your charts here. So
6. 0:08I'll show you just today for example.
7. 0:10What we do is we start on the weekly,
8. 0:12especially if it's a Monday, and daily
9. 0:14time frames, right? And all I'll do is
10. 0:16I'll I'll jot out these levels. So my
11. 0:18white lines are weekly levels, so I got
12. 0:21some weekly levels here and I have
13. 0:22another weekly level that we should be
14. 0:24drawing up here actually, okay? The
15. 0:25weekly levels, now mind you these are
16. 0:27tested and what does tested mean? It
17. 0:28means that the price already went and
18. 0:30tried to break above it, right? That was
19. 0:32already tested there. So that level's
20. 0:34less likely to hold the next time. But
21. 0:35every single time we go past the level,
22. 0:38we can use it again. I'll mark out the
23. 0:40levels there and then I will then go to
24. 0:42the daily time frame, mark out some
25. 0:44levels. These blue lines are my daily
26. 0:46levels of interest and then I will look
27. 0:48at the real-time hours, okay? And I'll
28. 0:50mark out those levels as well, okay? So
29. 0:51now I have a pretty good picture of
30. 0:53what's happening on the higher time
31. 0:54frames. I'll then just take note of what
32. 0:56is the trend for the daily as well. And
33. 0:59the trend daily today is obviously up,
34. 1:01right? We have this massive massive move
35. 1:03up and it you would have to get all the
36. 1:05way back down here in order to break the
37. 1:07trend to the downside. So rather bullish
38. 1:09on the higher time frames and we have
39. 1:11some levels marked out. I'll then go to
40. 1:12the 4-hour and see if there's any major
41. 1:14levels again on the 4-hour. And again,
42. 1:16you've got this little level here,
43. 1:17right? So I'll I'll I'll mark those. And
44. 1:19then I go to the 1-hour and I look for
45. 1:20the starts of trends. So so where are
46. 1:22the major pivot points basically in
47. 1:25trend starts, right? And I'm going to
48. 1:26draw boxes, right? So I have a trend
49. 1:28start here that brought us to that leg
50. 1:30down. So that's rather important to take
51. 1:32a note of. We have We'd have to break
52. 1:34that in order to be super bullish again,
53. 1:36right? And you have another trend start
54. 1:37here coming down and you have a trend
55. 1:39start here going up. So there's there's
56. 1:41trends going in both directions at all
57. 1:42times and I need to just be aware of
58. 1:44what's the recent trend and where are
59. 1:46the other starts. So when when you come
60. 1:48back to those starts, you can see
61. 1:49reactions off of them. So what I'm
62. 1:51trying to do is just trade level to
63. 1:52level. And so as I draw all of these
64. 1:55starts and high time frame levels, I can
65. 1:57get a pretty good idea of where I want
66. 2:00to be entering and what the directions
67. 2:01are going to be. So, overall, right, if
68. 2:03we're looking at the trend on the 1-hour
69. 2:04now, too, we can say, "Hey, that the
70. 2:06trend broke bearish up here and it's
71. 2:08been continuously going bearish all
72. 2:10day." So, as the market opened in the
73. 2:11morning here, which the morning was this
74. 2:13candle here, we could have said, "Hey,
75. 2:15it's going to continue bearish." But, I
76. 2:16actually flipped to bullish because we
77. 2:18started a new trend here. So, in the
78. 2:20market open today, I was expecting this
79. 2:22price to go back up to the start of that
80. 2:23trend considering we were both bullish
81. 2:26on the 24-hour and bullish on the
82. 2:281-hour. So, I I was taking longs and I
83. 2:30know I was proven wrong here. Now, after
84. 2:32I was proven wrong, obviously, we took
85. 2:33the short to the next level down. And
86. 2:35the next level down is that weekly
87. 2:36level. So, when I'm looking for these
88. 2:38trades, I'm just looking for higher time
89. 2:40frame trends, where should I be
90. 2:41entering, and then I'm looking for
91. 2:43entries that I can get in and out
92. 2:44quickly on the lower time frames. So,
93. 2:46how I actually played out this day is I
94. 2:48have all of these levels marked out. I
95. 2:50had my theory, and as it came into the
96. 2:52start of this trend, so I longed here.
97. 2:54And it didn't bounce off. So, I could
98. 2:56have exited for break even after we
99. 2:58failed and we lost that level. This is
100. 3:00using dumb money concepts. So, we lose
101. 3:02this level, the level I wanted to bounce
102. 3:04off of, so I want to get out at break
103. 3:05even. So, I get out at break even, so I
104. 3:07don't lose any money, and then we will
105. 3:09wait because I'm not I'm not sure if
106. 3:11it's going to continue up here and
107. 3:12they're going to use this next level
108. 3:13down or if they're going to continue
109. 3:15down. You could take scalps off these
110. 3:16levels, which I do as well. So, you can
111. 3:18take scalps when there's a reaction off
112. 3:21of these higher time frame levels. So, I
113. 3:22have a higher time frame level here, and
114. 3:24I saw that we were we were coming into
115. 3:26it with a huge potential to buy. So, I
116. 3:28took a scalp with there with 10 points
117. 3:31and just literally to the next level up.
118. 3:33So, very simple like that. You can scalp
119. 3:35in and out. This is how I'm trading.
120. 3:36There's a lot of things going on,
121. 3:38obviously, and it's very confusing, so
122. 3:39you have to watch me live. And then
123. 3:40after that trade closed, we got out of
124. 3:42those trades for break even, and this
125. 3:44one was a scalp, so we made some profit.
126. 3:45And then from there, we waited for the
127. 3:47hourly to close so I could see if a
128. 3:50level was gained or lost. This level
129. 3:52lost, sorry, on the 15 minute. The The
130. 3:5415 minute, the next candle down, we lost
131. 3:56this move that brought us to that high.
132. 3:58So, this is the start of that lower time
133. 4:00frame trend. So, since we've lost this
134. 4:01trend, I'm looking for shorts in here.
135. 4:03And I did get the short, and I just went
136. 4:05to the next level down. From there, I
137. 4:06stopped trading for the day because I'm
138. 4:08basically done.