This Simple Forex Setup Printed 3.3RR Profit — Transcript

Full transcript

1. 0:00All right, welcome back on the channel
2. 0:01and thank you for watching this video.
3. 0:03Today, I'm going to break down a GBP/JPY
4. 0:05trade that delivered more than 3% profit
5. 0:08for us.
6. 0:09What makes this trade interesting is
7. 0:11that the higher time frame forecast was
8. 0:13shared publicly in our free trading
9. 0:15room, and the actual entry was executed
10. 0:17and shared live with our premium
11. 0:19students. Here you can see that this is
12. 0:21the exact forecast and outlook I shared
13. 0:24in the free trading room, where you can
14. 0:26join in the bio. Click the link and you
15. 0:29will be in this group for free. I share
16. 0:31daily markups on one currency pair pair
17. 0:34here every single day with trading tips
18. 0:36and tricks and more interesting
19. 0:38materials. As I told you, the trade was
20. 0:41actually shared and forecasted live for
21. 0:44our premium students here in the daily
22. 0:47premium markups, which can be found in
23. 0:49the premium academy. GBP/JPY, here you
24. 0:52can see that this is the actual trade
25. 0:55that was forecasted and shared with our
26. 0:56premium students so they could execute
27. 0:58the exact same trade with me.
28. 1:01So, this wasn't hindsight. This was
29. 1:03structured planning followed by
30. 1:05confirmation.
31. 1:06Let's break it down from the 4-hour time
32. 1:08frame first.
33. 1:10All right, I like to keep my analysis
34. 1:12clean and simple, and I won't
35. 1:13over-explain anything.
36. 1:15I love to keep my analysis simple for
37. 1:17the clarity of trading. So, what we have
38. 1:20here on the 4-hour time frame is a nice
39. 1:22bearish trend into an external
40. 1:24direction. What made this bearish trend
41. 1:26start is the sweep of the previous
42. 1:29external high point here, from where
43. 1:31price made a nice rejection, from where
44. 1:33it eventually led to an external break
45. 1:36of structure.
46. 1:37What we can do here, right after we have
47. 1:39an external break of structure, and what
48. 1:41I like to do here, is to mark my last
49. 1:44recent trading range, which led to an
50. 1:46external break. In this case, we can
51. 1:48mark the last recent trading range from
52. 1:50this high point down to the low point by
53. 1:52pulling a Fibonacci retracement tool
54. 1:54from the high down to the low, and there
55. 1:56will be a golden level located on the
56. 1:590.71 retracement level.
57. 2:02We call this golden level because this
58. 2:04level has the highest confluence to
59. 2:06actually attract price, and then after
60. 2:08attracting price, rejecting price into a
61. 2:11closing direction.
62. 2:13After pulling this trading range, what
63. 2:15we can look for is the details because
64. 2:17the devil is always in the details. What
65. 2:19we see is that price made another
66. 2:21external break just right here coming
67. 2:23from this high point. This high point
68. 2:25was eventually broken coming from this
69. 2:28low point, which was a swept low point,
70. 2:31which means that this is semi-protected
71. 2:33because it took the liquidity of the
72. 2:35previous internal low point. So, from
73. 2:37the sweep, price made the break of this
74. 2:39high point, which eventually was leading
75. 2:42to a short-term shift in the order flow.
76. 2:45What short-term shift means is that
77. 2:47price is shifting the order flow on the
78. 2:49short term, so that we create higher
79. 2:51highs and higher lows until a major key
80. 2:54level is reached, which can reverse
81. 2:56price into the major bearish direction.
82. 2:59This key level is exactly what you were
83. 3:01thinking about. This is the golden
84. 3:04Fibonacci retracement level, the 0.71
85. 3:07level. So, what we are looking for here,
86. 3:09and what I actually forecasted in the
87. 3:11free group right here, and what I
88. 3:14actually told my students to execute on
89. 3:17the premium economy
90. 3:19is to wait for the mitigation on the 71
91. 3:21bearish level. Once it's mitigated, we
92. 3:24look for short confirmations using the
93. 3:26FMES confirmation and rebalance and the
94. 3:28FMES continuation and rebalance, which
95. 3:30will be explained later in this video.
96. 3:33And we will be targeting the short out
97. 3:36on this bullish 71 level.
98. 3:38The reason we target out the shorts on
99. 3:41this level because we give the trade an
100. 3:44opportunity to play out, and we give the
101. 3:47opposing trading level on the higher
102. 3:49time frame an opportunity to reverse
103. 3:52price action back into its direction.
104. 3:55What it means is that once the 71 level
105. 3:58golden level on the 4-hour time frame is
106. 4:00mitigated, just like this one, we switch
107. 4:03down to the 15-minute time frame and we
108. 4:05apply our confirmation entry models.
109. 4:07Once we entering the trade using the
110. 4:10confirmation 15-minute time frame entry
111. 4:12model, we always target the opposing
112. 4:15level golden level on the 4-hour time
113. 4:17frame, which in this case will be the 71
114. 4:20level.
115. 4:21Simply because this bullish 71 level has
116. 4:23the exact same chance to reverse price
117. 4:26back up into bullish direction, just
118. 4:28like this bearish level has the exact
119. 4:30same chance to reverse price action back
120. 4:33down into a bearish direction.
121. 4:35How you can identify these levels and
122. 4:37how you can differentiate the strong
123. 4:39levels from the weak levels is what we
124. 4:41teach inside of our premium academy.
125. 4:44This is just one thing that we teach,
126. 4:46but this is a very important thing. So,
127. 4:48right here, right now, we are stuck in
128. 4:50between two levels.
129. 4:52Two really strong levels, this bull this
130. 4:54bearish level and the bullish level. And
131. 4:56the plan here is really simple. We are
132. 4:59looking for shorts targeting the bullish
133. 5:01level and then we are looking for longs
134. 5:02targeting the high point here or the
135. 5:05external one level here.
136. 5:08All right. Now that we identify the plan
137. 5:10and we have a clean follow plan based uh
138. 5:13structure that we can follow, we can
139. 5:15switch down to the 15-minute time frame
140. 5:17and apply the 15-minute entry
141. 5:19confirmation model.
142. 5:21Once we switch down to the 15-minute
143. 5:23time frame, what we immediately do is
144. 5:25that we start to look for our entry
145. 5:27confirmation models. Simply because I
146. 5:30explained you that we only switch down
147. 5:32to the 15-minute time frame once we have
148. 5:34a 4-hour golden level mitigated. Since
149. 5:37we have a golden level mitigated, we
150. 5:39switch down to the 15-minute time frame
151. 5:41with a purpose and that purpose is to
152. 5:43find entries.
153. 5:45So, first of all, when a level is
154. 5:47mitigated like this one, we always look
155. 5:49for the first confirmation model, which
156. 5:51is the FMES confirmation model.
157. 5:54Unfortunately, this entry confirmation
158. 5:56wasn't given right here, but we spotted
159. 5:58one really essential thing that was
160. 6:01leading to a trade idea that we executed
161. 6:03later on. And that one thing is that
162. 6:06price shifted the market structure on
163. 6:07the 15-minute time frame. So, after
164. 6:09mitigating the level here, price formed
165. 6:11double tops liquidity just right here,
166. 6:14which was later on swept out by this
167. 6:16candle, by this wick, from where price
168. 6:18started a reversal to the downside.
169. 6:21At the very first reversal, price made
170. 6:23an internal market structure shift to
171. 6:25the downside here, and this was
172. 6:27eventually was leading down to the
173. 6:29external market structure shift here.
174. 6:32Why we call this an external low point
175. 6:33and this one as the internal low point
176. 6:35is simply because this is the low point
177. 6:38what we call external, what started this
178. 6:40overall bullish flow to the upside. And
179. 6:43anything that is in between the last
180. 6:45external low point and the last high
181. 6:47point in this case will be internal
182. 6:49structure, which means that this is
183. 6:51internal and this is internal as well,
184. 6:53so as this. So, once price breaks below
185. 6:56this low point or this low point or this
186. 6:58low point right here, we will have an
187. 6:59internal market structure shift. Once
188. 7:02price goes below this low point, which
189. 7:04started this bullish pressure to the
190. 7:06upside, we will have the external
191. 7:08structure shifted from bullish to
192. 7:09bearish, and that will lead to the most
193. 7:12and best confirmation trades and short
194. 7:15trades that we can ever execute. So, we
195. 7:18spotted that we have an external market
196. 7:20structure shift. What we look for here
197. 7:22after the external market structure
198. 7:23shift, when the confirmation entry model
199. 7:25is not given,
200. 7:27is our continuation entry model. Because
201. 7:30if there's no confirmation, but price
202. 7:33moves into that desired direction that
203. 7:35we previously planned and forecasted, we
204. 7:37just simply look for that trend to be
205. 7:39continued, which means is that after
206. 7:42this external market structure shift,
207. 7:44price pushes deeper, we will capitalize
208. 7:46on that push to the downside, and we
209. 7:48will capitalize on that bearish flow
210. 7:50because this is what we previously
211. 7:52planned, and this is what we plan to
212. 7:54execute. So, we don't want to miss out
213. 7:57from any of this movement and any of
214. 7:58this show.
215. 7:59So, let me just actually show you that
216. 8:01what the trade idea was right here, and
217. 8:03what we executed just like I should send
218. 8:06it out to the premium academy members
219. 8:08because this is exactly the trade that
220. 8:10we executed. So, the logic behind this
221. 8:12trade is really simple. Like I told you,
222. 8:14we had the external market structure
223. 8:16shift in place. So, the only job we have
224. 8:18here is to look for short continuation
225. 8:21entries until this bear bullish level is
226. 8:24mitigated. Once it's mitigated, we stop
227. 8:27looking for long short trades, and we
228. 8:29prioritize the long trades over short
229. 8:32after the mitigation of this level. But,
230. 8:35until it's mitigated, our job is to look
231. 8:38for bearish entries and bearish trades.
232. 8:41So, what took place here is that we
233. 8:43immediately spot that on this movement
234. 8:46on this leg, we see a high volume. What
235. 8:49we mean by high volume is that the
236. 8:51candles you see right here on this
237. 8:53bearish push do not meet. What it means
238. 8:56is that we take the first bearish candle
239. 8:58as the base, and we highlight the bottom
240. 9:01of this candle. Then, we search for the
241. 9:03third candle, which will be this one,
242. 9:04and we highlight the top of this candle.
243. 9:07When there's a gap in between the bottom
244. 9:09of the candle of the first candle and
245. 9:11the top of the candle of the third
246. 9:13candle, it means that we have a volume
247. 9:16being created in the market, which means
248. 9:18that high amount of orders are getting
249. 9:21placed at the same time. This is what we
250. 9:23want to see. This is what we ideally
251. 9:25want to see when we entering the trade.
252. 9:27And when this is a continuous gap, that
253. 9:30means that this will be an A+ setup,
254. 9:32obviously combined with the rest of the
255. 9:34criteria we used to enter in the trade.
256. 9:37So, you see that right here, if you take
257. 9:39this as the base, then you see that the
258. 9:41bottom and the third candle stop do not
259. 9:44meet in the middle again. So, we have a
260. 9:46continuous gap right here and then right
261. 9:48there. And once again,
262. 9:50this is a really strong price action
263. 9:52pattern that indicates a strong and high
264. 9:55amount of orders getting placed into the
265. 9:58market.
266. 9:59So, what we see
267. 10:01also here is another price action
268. 10:03pattern is that price made a pullback
269. 10:06creating this low point right here, and
270. 10:08from this volume push, it made the
271. 10:10continuation break of this previous low
272. 10:13point that initiated the pullback. What
273. 10:15is called a break of structure to the
274. 10:17downside. This is also a really
275. 10:19important criteria that we use inside of
276. 10:21our entry system. What we also need in
277. 10:23order to enter in any kind of trade is a
278. 10:26sweep of liquidity.
279. 10:28We actually differentiate many type of
280. 10:30liquidity sweeps. In this video, I'm
281. 10:32going to show you one, which we used in
282. 10:35used in this trade is the triple top
283. 10:37liquidity sweep. You can spot that
284. 10:39actually there was three equal tops
285. 10:41located here, here, and here, and this
286. 10:44triple top liquidity was taken out by
287. 10:47this following movement right here, and
288. 10:49you can see that price wicked above
289. 10:51these three candles, three tops, from
290. 10:54where the actual volume drop started to
291. 10:57the downside. This means that the all of
292. 10:59the orders and all of the stop losses
293. 11:02being collected from above this region
294. 11:06by this wick, it triggered all of the
295. 11:08orders, the buy stops, the stop losses
296. 11:11of selling orders, and then after
297. 11:13triggering those orders, it dropped down
298. 11:16and triggered the other side of the
299. 11:17liquidity, which was the buy stops stop
300. 11:20losses.
301. 11:21Because above these three tops, you can
302. 11:23see I mean, you can't see, but you can
303. 11:27actually expect to have many buy stops,
304. 11:30which means that breakout traders are
305. 11:32placing buying positions once price
306. 11:35breaks above these triple tops. And once
307. 11:38price breaks above these triple tops,
308. 11:39their buying positions will be
309. 11:41triggered. And once those are triggered,
310. 11:43there will be a stop loss somewhere. So,
311. 11:45price triggers those buying positions,
312. 11:48and most likely the stop losses will be
313. 11:49located somewhere around here. And by
314. 11:51this immediate reversal to the downside,
315. 11:54they are getting taken out from the
316. 11:55market. So, this stop right here is a
317. 11:58protected high point because it
318. 11:59collected the liquidity from above this
319. 12:02triple tops liquidity.
320. 12:04All right. So, this is one more thing
321. 12:06with what we need what we essentially
322. 12:08need in order to actually enter in a
323. 12:1015-minute time frame trade. So, we have
324. 12:12a sweep of liquidity. And what we
325. 12:14usually do is that we highlight the high
326. 12:16point to the bottom, and we identify
327. 12:19this as a 15-minute trading range.
328. 12:22Ideally, we enter on the 71 level, 0.71
329. 12:26level of this 15-minute trading range,
330. 12:29just like we do do it on the 4-hour time
331. 12:31frame. Once again, this is a golden
332. 12:32level. And once you combine this golden
333. 12:34level with enough confluences, this
334. 12:37level will be strong enough to reverse
335. 12:39price action back down into desired
336. 12:41direction. So, the idea of entering into
337. 12:44a trade is really simple. You set a
338. 12:46limit order on the 71 level once you
339. 12:48have enough confluences and
340. 12:49confirmations, and price mitigates that
341. 12:51level, taps you into the trade, and then
342. 12:54you place the TP on the opposing
343. 12:57opposing sided 4-hour 0.71 level, which
344. 13:00is highlighted here. You set the stop
345. 13:02loss to the one level, and you just
346. 13:04simply let the magic happen. What other
347. 13:07confluences what we had here on this
348. 13:10very specific trade was fair value gap
349. 13:13and an order block.
350. 13:15For example, these are two I'm going to
351. 13:17list from Actually, we had five
352. 13:19confluences leading up to this level.
353. 13:22I'm going to highlight these two
354. 13:23confluences, which will be the fair
355. 13:25value gap, or you can call it volume gap
356. 13:27either. Like I told you here, the this
357. 13:30first fair value gap perfectly aligns
358. 13:32with this
359. 13:340.71 level on the 15-minute trading
360. 13:36range.
361. 13:37And what we also had this bearish order
362. 13:39block at the very top of the movement,
363. 13:42which also aligns with the fair value
364. 13:44gap. And the fair value gap was started
365. 13:45from this bearish order block. Actually,
366. 13:48what we do offer for the premium
367. 13:49academical students is a very very
368. 13:52helpful FMES trade scoring tool. You can
369. 13:55see that the exact trade that I mapped
370. 13:58out here for you had a 95 trade score,
371. 14:01which means it's high probability trade,
372. 14:04and the indicator gives a green signal
373. 14:06for our members that they can enter into
374. 14:08this trade. This is one of the tools we
375. 14:11offer offer for our premium students.
376. 14:13This is once again the trade scoring
377. 14:15tool, the FMES trade scoring students
378. 14:18trade scoring tool.
379. 14:20Okay, now that I showed you this, I'm
380. 14:22not going to go in depth breaking down
381. 14:24this indicator because this is a really
382. 14:26specific community tool that we only
383. 14:29offer for our community members, but I'm
384. 14:31going to show you how this trade played
385. 14:33out.
386. 14:34Like I told you, we set a limit order,
387. 14:35sorry, a bearish
388. 14:37short limit order on the 0.71 level, and
389. 14:41then we place a stop loss to the high
390. 14:43point and the TP to the opposing 4-hour
391. 14:46level.
392. 14:47What we do is this, nothing else. Limit
393. 14:50order in place, and we let the magic
394. 14:52play out. Price mitigated the order, we
395. 14:55are in the trade, we were in the trade.
396. 14:57This time when price was exactly on this
397. 14:59candle, I send the entering signal for
398. 15:03the academy students right here that I
399. 15:05am in this trade, and they can enter
400. 15:07into the exact same trade, and we just
401. 15:09simply do let our trades play out. We do
402. 15:12have management rules where we set the
403. 15:15stop loss to break even, and we trade
404. 15:17the stop loss, but for this trade, we
405. 15:19didn't have to use any kind of
406. 15:20management because price right after
407. 15:23triggering this trade, it dropped down
408. 15:25and did hit the TP for more than 3%
409. 15:28profit.
410. 15:30If you enjoy the video, I would
411. 15:31appreciate a like on it and a subscribe
412. 15:33on my channel.
413. 15:35And if you want to join the free trading
414. 15:36room, you can join we are the link in
415. 15:38the description right here at the free
416. 15:40trading room. It's just one click away.
417. 15:43And if you want to join the premium side
418. 15:45of Flipping Markets, you can join we are
419. 15:47website.
420. 15:49Without further ado, take care, guys,
421. 15:51and see you in the next one.