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آموزش کامل استراتژی زمانی | Time Strategy — Transcript

by Poursamadi · 19,228 words · 2,733 segments · language en · Watch on YouTube

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  1. 0:00Hello, greetings and respect; this is Poursamadi. I hope you're doing well
  2. 0:03And I think — just like SP2L seriously leveled up Iran's trading community
  3. 0:06which I think will once again split your trading into before and after this video, just like SP2L kind of massively leveled up Iran's trading community
  4. 0:12This one is the same; because this isn't a video you'll
  5. 0:15find somewhere else, since I took a complete copy of my brain on time analysis and put it into this video
  6. 0:20and I think after this video, that horizontal axis under the chart that just keeps moving forward through time
  7. 0:28won't feel the same to you anymore
  8. 0:29because it has everything; I mean, I built you an indicator so you can use it practically
  9. 0:33I placed plenty of trades for you so you can get proficient, I prepared the really fine details for you,
  10. 0:38gave lots of examples, and we also worked through a combination of SP2L, PBTB, and Micro Map together in this video
  11. 0:44So we keep moving forward — these gears are catching and working together — but
  12. 0:48before we go watch the video together, let me clear something up with you;
  13. 0:51Look guys, when demand
  14. 0:54exists, supply has to happen
  15. 0:56too. When, say, seven hundred
  16. 0:58and fifty thousand
  17. 1:00people watched that SP2L video, their request
  18. 1:01was for me to teach them a strategy
  19. 1:03I had two
  20. 1:04options; either take money
  21. 1:05from them — and at the absolute minimum I'd have had to charge
  22. 1:07say a thousand dollars to prepare the strategy videos for them
  23. 1:09Now if out of those 750,000 people
  24. 1:11just one percent
  25. 1:12came and paid, say, a thousand dollars,
  26. 1:15how much would that be? 7.5 million dollars;
  27. 1:17Now imagine two or three percent of that crowd
  28. 1:19came and joined the course
  29. 1:20Look, that would be 10-20 million dollars; I admit
  30. 1:2299 percent of people in the world couldn't
  31. 1:24walk away from that money
  32. 1:25But I let that money go
  33. 1:27because
  34. 1:28I want to look back at this day five years from now
  35. 1:30and tell myself: well done;
  36. 1:32Look what you did! Look what you built!
  37. 1:34And how you leveled up the trading community
  38. 1:36once again, just like back in
  39. 1:382019 when the comprehensive trading course, as the guys themselves put it,
  40. 1:41completely changed the story of trading in Iran
  41. 1:44This video is doing the same thing;
  42. 1:46that's its mission
  43. 1:47But the only thing I ask of you is
  44. 1:48that you chew through these videos,
  45. 1:50master them,
  46. 1:51send them to anyone who needs them
  47. 1:53because that's how we can stop this destructive
  48. 1:55trend of wrong education in Iran
  49. 1:58See, when there's supply for education
  50. 2:02and there's demand, a mafia forms around it
  51. 2:04It's the same with, say, university
  52. 2:05entrance exams; the education business is just like this
  53. 2:07When you keep wanting to sell
  54. 2:10education, you have to introduce new topics
  55. 2:12keep saying the old one is
  56. 2:13useless,
  57. 2:14now here's the new one, and
  58. 2:15this cycle never ends
  59. 2:17as long as you don't learn that, folks, this is it
  60. 2:20the topics are just these
  61. 2:22And this number I'm giving
  62. 2:24you — 10-20
  63. 2:24million dollars — don't think it's some fantasy
  64. 2:26That kind of money is changing hands easily
  65. 2:29in these trading seminars and
  66. 2:31the kind of nonsense we keep seeing;
  67. 2:34they're TV shows
  68. 2:35You can't help laughing when you see these things in Iran
  69. 2:38but it's happening;
  70. 2:39So my mission was to build these,
  71. 2:41your mission as the viewer is to use these videos
  72. 2:43wherever possible
  73. 2:45and recommend them to anyone who needs them
  74. 2:47Look, I haven't
  75. 2:48made a single penny off this video; I didn't
  76. 2:50ask you to subscribe, or like,
  77. 2:52or anything; I even turned off the mid-video ads
  78. 2:54so your focus doesn't get broken while watching
  79. 2:57So all of this is being done
  80. 2:59so that you sit down with pen and paper
  81. 3:01in front of the video,
  82. 3:01and we go see, in every way, how it plays out
  83. 3:04Guys, imagine there are two people
  84. 3:06whose strategy is identical
  85. 3:07their setup is identical
  86. 3:09even their money management is identical
  87. 3:11meaning they risk exactly the same
  88. 3:13amount per trade, say
  89. 3:14they trade with exactly the same setup
  90. 3:16and their entry strategy is exactly the same too
  91. 3:18But their results
  92. 3:20are different; one of them
  93. 3:21is losing, the other is profitable
  94. 3:22Where do you think the problem could be
  95. 3:24when everything about them is the same?
  96. 3:26And of course, the answer is on the slide
  97. 3:27Time analysis
  98. 3:28and more precisely
  99. 3:30time
  100. 3:31The time when that person, with that setup
  101. 3:33and that strategy
  102. 3:34and that money management,
  103. 3:36entered a trade
  104. 3:38and the time they exited
  105. 3:39and the time the second person entered
  106. 3:42whenever that may be
  107. 3:43and when they exited
  108. 3:45Everything about them is the same
  109. 3:46but the point is
  110. 3:47at what time this one entered
  111. 3:49and at what time that one entered
  112. 3:51And by the end of this video
  113. 3:52you'll have a personalized
  114. 3:54time of your own
  115. 3:55that's yours alone
  116. 3:57It doesn't matter what time it is in the market
  117. 3:58whether it's
  118. 3:5915:30, or 16:30,
  119. 4:00or
  120. 4:013 o'clock — that time will be yours
  121. 4:02Okay, before we go further
  122. 4:03you need to listen to this part
  123. 4:04very carefully. Look guys; the market
  124. 4:06doesn't pay for your knowledge.
  125. 4:07It doesn't pay for your analysis
  126. 4:09either. The market only pays
  127. 4:10for synchronicity — for
  128. 4:12being
  129. 4:13right in the very place
  130. 4:15where money is
  131. 4:17changing hands.
  132. 4:18Those same two people from the start of the video
  133. 4:20who I said were identical in everything —
  134. 4:21their difference is exactly here:
  135. 4:22one of them is working with the time window of his own life
  136. 4:25the other works with the market's time windows
  137. 4:27Meaning even when he's mastered two or three time windows, if
  138. 4:30he misses one shift
  139. 4:31he doesn't FOMO his way into
  140. 4:33an even heavier loss the next day
  141. 4:35or, say, doing something wrong
  142. 4:36because he's mastered another time window
  143. 4:38and can work in that time window
  144. 4:40And the one who gets paid here
  145. 4:42is the one who shows up right on his own time window
  146. 4:44his own working shifts
  147. 4:46at his own chart
  148. 4:48But the very first time decision we ever make
  149. 4:52comes before we even get into price action
  150. 4:54into analysis
  151. 4:56it's this: what is our trading horizon anyway?
  152. 4:59Meaning, do I want to be a day trader
  153. 5:02meaning my daily trades close by the end of the night
  154. 5:04by 12:00 broker time
  155. 5:07and don't carry over to tomorrow
  156. 5:09Or is my horizon that of a multi-day trader
  157. 5:12And this alone determines ninety percent of the story
  158. 5:15because in my
  159. 5:17experience, ninety percent of margin calls
  160. 5:19happen when
  161. 5:21the trader has shifted from day trading
  162. 5:24over to multi-day trading
  163. 5:26What does that mean? It means he opened a trade
  164. 5:28that was supposed to be closed by 12 at night
  165. 5:32but that trade didn't get closed
  166. 5:34What happened instead was a margin call; meaning
  167. 5:36the guy opened a trade
  168. 5:38say he wanted to buy at one point
  169. 5:40sell here, and his stop was here
  170. 5:42Somehow price played around here
  171. 5:44and hoping it was about to go up
  172. 5:46or having already entered the loss zone
  173. 5:48hoping it was about to go up
  174. 5:50he waited and waited and removed that stop
  175. 5:53and removing that stop became
  176. 5:56the exact point where the guy easily got margin called
  177. 5:59And honestly, if you go look for yourselves
  178. 6:01most of the places where you probably took heavy losses
  179. 6:04were the shift between these
  180. 6:05two, guys
  181. 6:06Look, multi-day trading itself doesn't cause ninety percent of margin calls
  182. 6:10but the unplanned shift between the two
  183. 6:13causes ninety percent of margin calls
  184. 6:16Meaning even that multi-day trader himself
  185. 6:18if he comes and overtrades
  186. 6:19and tries to play scalper
  187. 6:21his odds of getting margin called are high
  188. 6:23Look, in all these years I've never seen anyone get margin called over a wrong analysis
  189. 6:26get margin called over a wrong one
  190. 6:27get margin called over a wrong one. With a wrong
  191. 6:29analysis you just get stopped out, and that's the end of it.
  192. 6:31A margin call starts from the point
  193. 6:33where you
  194. 6:34extend the lifetime
  195. 6:37of a dead trade.
  196. 6:40Because you hope maybe that dead trade will come back to life
  197. 6:44And unfortunately, hope is the most expensive thing sold in the market
  198. 6:48And in this time-based view, we need to understand
  199. 6:51that we have a character called the investor
  200. 6:54someone who wants to invest
  201. 6:56Look, this person should give less weight to his technical analysis
  202. 6:59more weight to his fundamentals
  203. 7:01to the news
  204. 7:02to the fundamentals
  205. 7:03and, to reach that maturity date he's set in his own mind
  206. 7:06for that asset,
  207. 7:07he should
  208. 7:08wait. Meaning if you're a trader who came in to hold Bitcoin
  209. 7:12and you go shift yourself into a multi-day trader
  210. 7:15or even worse, turn yourself into
  211. 7:18a scalper, you've gone down the wrong road entirely
  212. 7:20because we have three outlooks
  213. 7:23the day trading
  214. 7:24outlook, the multi-day trading outlook
  215. 7:25Now where's the boundary between them?
  216. 7:27Once it goes past 24 hours, you've entered the multi-day trading outlook
  217. 7:31Now let's also set a boundary so we can tell
  218. 7:34whether I'm an investor after all, or a multi-day trader
  219. 7:36because I see a lot of confusion between these two as well
  220. 7:40where the person has no idea where he even stands with himself
  221. 7:43Is he an investor after all, or is he going to trade and do multi-day trading?
  222. 7:47And the boundary where that person will come to realize
  223. 7:50that he's an investor and not a multi-day trader
  224. 7:53is whether he's using leverage
  225. 7:55The moment you bring leverage
  226. 7:58into your investment trades
  227. 7:59because you've moved the stop from the zero point up to a higher level —
  228. 8:04meaning if you're an investor who's using leverage
  229. 8:07you effectively can't call yourself an investor
  230. 8:09because you haven't invested
  231. 8:10You're trading with leverage
  232. 8:12And this becomes a boundary you can set for yourselves
  233. 8:14to know which of the three characters —
  234. 8:16investor, multi-day trader, or day trader — you are
  235. 8:19And this is very important
  236. 8:20because if you don't know which of these you are right now
  237. 8:23ninety percent of the troubles and problems start at this stage
  238. 8:26since capital allocation differs between these too, right?
  239. 8:29Meaning when it comes to investing
  240. 8:30you have to commit a bigger portion of that capital
  241. 8:34but when it comes to day trading
  242. 8:35you don't need to commit a major portion of your capital
  243. 8:39like committing, I don't know, say X million dollars to something
  244. 8:42Now I'm using global numbers as examples
  245. 8:44say with a ten-thousand or fifty-thousand-dollar account
  246. 8:47you're good to go in day trading
  247. 8:49But when it comes to investing
  248. 8:51by the global standard, with ten or twenty thousand
  249. 8:54dollars, no real investing has actually happened
  250. 8:55effectively just a portion of capital allocated to an asset
  251. 8:59Now that our stance on how we look at the market
  252. 9:01is settled, and we know that right now
  253. 9:03we're working together on the intraday side
  254. 9:06we need to understand
  255. 9:07that the market's behavior isn't constant throughout a day
  256. 9:12Now, this is a very basic topic that I'll just review
  257. 9:14because if I don't cover these, the more amateur guys
  258. 9:16won't be able to follow the later sections
  259. 9:18The players who participate across the 24 hours
  260. 9:20and keep their eyes on the market
  261. 9:22are constantly changing across
  262. 9:24the Asia, Europe, and America sessions
  263. 9:26Meaning not only does their behavior differ
  264. 9:29their volume differs too
  265. 9:32Guys, we can't see
  266. 9:34this volume — keep that in mind
  267. 9:35Through certain means we can get data
  268. 9:37from various stock exchanges and throw it on our chart
  269. 9:39but if, instead of reading this price behavior,
  270. 9:42you want to throw on a volume indicator
  271. 9:44and make volume a complement to price, effectively
  272. 9:47I feel you haven't even understood the behavior itself
  273. 9:51because that volume is already baked into this behavior
  274. 9:56You're effectively getting a bias confirmation
  275. 9:58when you add volume on top of behavior
  276. 10:01This was just a note I wanted
  277. 10:02to make, guys — keep it in mind if you want to work with volume; of course you're free
  278. 10:04you're free to do whatever you want, I'll stress that again
  279. 10:06but this is my view on volume
  280. 10:08because it's the reality of the market
  281. 10:09You can't see the market's real volume
  282. 10:11and even if you could, it wouldn't do you any good
  283. 10:14Some volume, some trade got executed here
  284. 10:16well, there's no guarantee that trade was even valid
  285. 10:19or that the volume is valid
  286. 10:20There are some orders sitting here
  287. 10:22even if you see them,
  288. 10:23there's no guarantee that by the time price itself gets there
  289. 10:25those orders won't have been pulled
  290. 10:27So effectively it's fake data that's
  291. 10:29good for nothing
  292. 10:30As long as you're seeing the truth
  293. 10:32on the chart in the form of candles
  294. 10:35you don't need anything else
  295. 10:37And if you can't read this behavior
  296. 10:39and what's happening to it
  297. 10:41then effectively the problem lies elsewhere
  298. 10:43meaning you have a problem in behavior reading —
  299. 10:45you need to strengthen your price behavior reading
  300. 10:47Do you know why the more amateur folks
  301. 10:49are always after new indicators
  302. 10:51like volume and volume trading and all
  303. 10:54that talk? It's because they want more and faster confirmation
  304. 10:57In general, that's the amateur genre:
  305. 11:00always after one more tool
  306. 11:02to get more confirmation
  307. 11:04because they're afraid of ambiguity
  308. 11:06and they're willing to grab onto tools
  309. 11:09whose data is even fake
  310. 11:12because they never learned to work with the market's naked candle
  311. 11:16And anyone who can't work with this naked candle of the market
  312. 11:19and the market's reality — which is every single candle of the market —
  313. 11:21and understand and grasp their language
  314. 11:23will probably never get results
  315. 11:25even with 100 or 200 new methods they might go learn
  316. 11:28And if we understand that this price we have
  317. 11:31this price we're seeing
  318. 11:33on the chart — now, in order to identify its cycles
  319. 11:36within its price behavior
  320. 11:37work our setup on it
  321. 11:40and execute that setup of ours
  322. 11:42we need to understand
  323. 11:43that we have to work based on our own time window
  324. 11:47Meaning that salt I have
  325. 11:49in mind to sprinkle over these setups and strategies
  326. 11:52I've taught
  327. 11:54you — if you haven't watched them yet, go watch them —
  328. 11:55is this topic of time analysis
  329. 11:57If you take this salt
  330. 11:58and sprinkle it on these setups and strategies, effectively
  331. 12:00that cake I've baked for you
  332. 12:02becomes far more beautiful to enjoy
  333. 12:05But you need to be careful:
  334. 12:06this time analysis isn't meant to replace
  335. 12:10them. All of these are like a set of gears
  336. 12:12working together
  337. 12:14meaning they're not substitutes for one another
  338. 12:16In the end they're forming
  339. 12:18something very complete
  340. 12:20and the further we go, step by step together,
  341. 12:22the more complete this wheel becomes
  342. 12:23because within this time analysis I'll also be answering many more questions
  343. 12:27Broadly speaking, time has two uses
  344. 12:29for us. Its first use is that it gives us
  345. 12:32today's horizontal price levels out of the past
  346. 12:34What does that mean?
  347. 12:35It means when I'm watching price live
  348. 12:38I have a set of levels from last week
  349. 12:40from yesterday
  350. 12:42and even from the previous session
  351. 12:44that I can work on
  352. 12:46Now I can take my strategies and, based on these horizontal levels
  353. 12:49that I obtained based on time,
  354. 12:52put them to use
  355. 12:53which is the first and most widely used application of time in analysis
  356. 12:57In fact, if you pay attention
  357. 12:58the levels that come from the past
  358. 13:00are, in a way, a derivative of
  359. 13:03time. Let's go a bit deeper in this section
  360. 13:05Look, when you're drawing a level
  361. 13:07what are you actually drawing?
  362. 13:08You're effectively bringing the market's memory
  363. 13:11forward from the past
  364. 13:13the memory of time
  365. 13:15a place where, at some point in time, price
  366. 13:17marked that price
  367. 13:20and real money changed hands there. That's
  368. 13:22why price levels
  369. 13:23and maps
  370. 13:24are a derivative of time
  371. 13:26Meaning you're effectively pulling
  372. 13:27the market's future address
  373. 13:29out of the market's past
  374. 13:31Now someone who draws a level
  375. 13:33but doesn't know when that level was built
  376. 13:35has an address
  377. 13:37but no map to get there
  378. 13:38And if I want to name the most consistent ones,
  379. 13:40the first is that weekly map that
  380. 13:42I taught you in the comprehensive trading course —
  381. 13:44what level we work on
  382. 13:45how we work
  383. 13:46on the weekly map
  384. 13:47And the next one is
  385. 13:49the general levels of that day itself
  386. 13:51Guys, don't overcomplicate it
  387. 13:52The high
  388. 13:53the low
  389. 13:54the middle
  390. 13:54and that day's open and close are enough for you
  391. 13:57and these levels, for you,
  392. 13:58based on a derivative of price's time
  393. 14:01carry over into the future
  394. 14:02Now, these general levels
  395. 14:03that most people
  396. 14:04are either familiar with
  397. 14:05or will become familiar with
  398. 14:06eventually
  399. 14:06But what really makes our work special
  400. 14:08has a name I'll tell you later on
  401. 14:11Now, even those horizontal levels
  402. 14:12need to be customized
  403. 14:14for that specific symbol
  404. 14:16I mean, in practice
  405. 14:16for example, for the Dow
  406. 14:18since we —
  407. 14:18most of our students
  408. 14:20either trade the Dow
  409. 14:20or trade gold
  410. 14:22they should know this:
  411. 14:23for the US Dow index,
  412. 14:24look at its high
  413. 14:25relative to the previous
  414. 14:26day's session. Guys, for the Dow session,
  415. 14:27use 16:30
  416. 14:29to 23:00
  417. 14:30broker time
  418. 14:30— use that
  419. 14:31Think of it as 9:30 New York
  420. 14:33to 16:00 New York
  421. 14:34keep that in mind
  422. 14:35not, for example,
  423. 14:3624:00
  424. 14:37broker time
  425. 14:38it's 23:00 broker time,
  426. 14:39not 24:00 — keep this
  427. 14:40in mind
  428. 14:42But we're going to take it a step further
  429. 14:44meaning horizontal analysis
  430. 14:45was part of what
  431. 14:47we've been doing up to this point
  432. 14:48but vertical price analysis
  433. 14:50which includes time points —
  434. 14:53and these time points,
  435. 14:54based on what
  436. 14:55our backtesting has shown
  437. 14:57and what we've learned from the market,
  438. 14:59is how we extracted them
  439. 15:00Of course,
  440. 15:01these time points I'm
  441. 15:02putting up on screen for you
  442. 15:03are just the basic, everyday ones
  443. 15:05nothing special, really
  444. 15:05we'll go through them in detail within the video
  445. 15:08and these aren't the only times at all
  446. 15:10From this point of the video on, I think
  447. 15:11the boundary of your trading gets drawn
  448. 15:14because they've probably always taught you
  449. 15:16where to buy
  450. 15:17where to sell
  451. 15:18where to place your stop loss
  452. 15:19where to place your take profit
  453. 15:20but probably nobody's told you
  454. 15:22when
  455. 15:23and it's this timing that's actually giving you
  456. 15:25better performance
  457. 15:26and after this video, you'll probably
  458. 15:28never be able to see the chart
  459. 15:30in that old amateur way again
  460. 15:32But what you need to pay attention to
  461. 15:34— let me clean this up —
  462. 15:35is that we have to understand
  463. 15:36these players are
  464. 15:37changing throughout the day
  465. 15:40and each of these players
  466. 15:42has a window
  467. 15:43a story
  468. 15:44a narrative
  469. 15:45and an overlap of narratives
  470. 15:48and when we understand these narratives correctly
  471. 15:51we can figure out that
  472. 15:52when a day is coming in
  473. 15:54positive, positive, moving up
  474. 15:56it means all these players
  475. 15:59had positive overlaps with each other
  476. 16:02and it's really the overlap
  477. 16:04of these windows that
  478. 16:06built this trend for me
  479. 16:07When I get a ranging day
  480. 16:10I understand that these time points —
  481. 16:12each one of them caused
  482. 16:14price to swing up and down for me
  483. 16:17because there was no consensus
  484. 16:20on that day in this chart
  485. 16:21And beyond the time point
  486. 16:23our first priority should be the time window
  487. 16:26The time window is definitely priority one
  488. 16:28it sits above the time point
  489. 16:30because the time point is weaker in terms of backtesting
  490. 16:33I'll explain that later —
  491. 16:34what it means. Just for the more advanced folks
  492. 16:36I'm dropping this note in here
  493. 16:37meaning you're not allowed to come
  494. 16:39and use your setup minus time
  495. 16:42meaning an SP2L that you found
  496. 16:44in the wrong time window
  497. 16:46has a much higher chance
  498. 16:47of getting stopped out than the SP2Ls
  499. 16:49that sit in a time window that
  500. 16:51you've personally backtested
  501. 16:53and even if you do get stopped out
  502. 16:55you can optimize it in the future
  503. 16:58based on that strategy of yours
  504. 16:59This time window
  505. 17:01has its global standard too
  506. 17:04which I'm going to give you later in the video
  507. 17:06and you can also build your own personal time windows
  508. 17:11Guys, this is really important
  509. 17:12Our setup doesn't change
  510. 17:14only time changes its meaning.
  511. 17:16I mean, look — an SP2L
  512. 17:18in its own time window
  513. 17:20that you've backtested
  514. 17:21is a weapon in your hand that you're working with
  515. 17:24The same SP2L with the same conditions
  516. 17:26the exact same situation, in
  517. 17:27a time window you haven't backtested
  518. 17:29and have no idea what to do in
  519. 17:30practically becomes your enemy
  520. 17:33So it's really time that's
  521. 17:35giving weight to price action
  522. 17:37and if you take just this one sentence from this whole video
  523. 17:39you've gone 90% of the way
  524. 17:40But so far we've learned that
  525. 17:42price and time are two brothers
  526. 17:45that you literally cannot separate from each other
  527. 17:48and when you take a day — regardless of what's happening —
  528. 17:53and don't see it as a hierarchy like this
  529. 17:55you're practically missing a big part of the work
  530. 18:00and that part is time,
  531. 18:01and you don't see it at all
  532. 18:02and when, even worse,
  533. 18:04you trade multi-day
  534. 18:05I mean you trade across days
  535. 18:08with a wrong scalping mindset on that day
  536. 18:11that's where you ruin everything
  537. 18:13because so many different time windows have piled onto your price
  538. 18:17that this SP2L you took here, say,
  539. 18:20just isn't valid anymore, my friend
  540. 18:23then when it dumps
  541. 18:24it easily drops down and just hits
  542. 18:27the stop, and you go "huh, why didn't it go give me my reward?"
  543. 18:30I'm just saying —
  544. 18:31that's nothing more than a fantasy
  545. 18:33because you didn't see that the time point changed here
  546. 18:36When this time point changes,
  547. 18:37your scenario can easily get
  548. 18:40voided — and the techniques to keep the trade from being voided
  549. 18:44and to get the best profit out of the trade
  550. 18:47you're going to learn in this very video, guys
  551. 18:49Look: a new time window will not
  552. 18:51settle the previous time window's
  553. 18:53debt for you. Those who took the course,
  554. 18:56if they remember, I had a famous line
  555. 18:58that the market owes us nothing
  556. 19:00the market is not in debt to us
  557. 19:01I stressed it a lot
  558. 19:02and "tea money", guys
  559. 19:03those were the two things I kept saying
  560. 19:05Where does this debt come from?
  561. 19:06What I mean is, look
  562. 19:07when a new time window has opened
  563. 19:09it has its own players
  564. 19:10its own volume
  565. 19:11its own business
  566. 19:13practically, the people who've come
  567. 19:14into this market
  568. 19:15versus the people who
  569. 19:16were in the previous time window
  570. 19:18are different people
  571. 19:19and these people aren't
  572. 19:21necessarily going to pay off those people's debt
  573. 19:23If that guy went into a loss
  574. 19:25the one who's come in here
  575. 19:26and is working in this new time window
  576. 19:28doesn't care anymore
  577. 19:29what that position was
  578. 19:30a whole new scenario can
  579. 19:32begin within this same window
  580. 19:34That's why the market owes us nothing
  581. 19:36that's why the new time window
  582. 19:38doesn't settle the previous time window's debt
  583. 19:40that's why, even in day trading,
  584. 19:42in its big picture
  585. 19:44we close our trade at the end of the day
  586. 19:46See, guys, how much the reasons
  587. 19:48stick together
  588. 19:49everything is tightly connected
  589. 19:52and the information isn't scattered
  590. 19:54Education should be like
  591. 19:55this — it should be an extremely solid structure
  592. 19:58where every single word confirms the word before it
  593. 20:01To make sure you've understood this
  594. 20:04I'll emphasize it — keep in mind,
  595. 20:05as an example,
  596. 20:06the 16:30 to 18:00 range, broker time
  597. 20:09meaning that same 9:30
  598. 20:11New York to 11 a.m.
  599. 20:13New York — can be a time window for us, say. And this 16:30 itself —
  600. 20:15but this 16:30
  601. 20:17itself
  602. 20:18is a time point — a TP,
  603. 20:20it's a time point. 16:30 is a time point
  604. 20:22and as an example
  605. 20:2310 o'clock sharp is also a time point
  606. 20:25which can have its own narrative
  607. 20:28which is separate from
  608. 20:28the material it carried over
  609. 20:30from the time window behind it
  610. 20:32meaning a new scenario and a new narrative
  611. 20:35that started at 10 o'clock
  612. 20:37and
  613. 20:38plenty more that we're going to learn here —
  614. 20:40the in-between time
  615. 20:40points, together
  616. 20:41Now, with four rules I can
  617. 20:43find the market's important hours
  618. 20:44Now, this has been my own thing
  619. 20:46and it formed for me from the narratives
  620. 20:48I've had in my work
  621. 20:49The first was backtesting
  622. 20:51meaning, based on past years —
  623. 20:52the folks who work with me
  624. 20:54know this — I print them out
  625. 20:55and go study
  626. 20:56these charts
  627. 20:56like a book written for me
  628. 20:59these candles are like words to me
  629. 21:01it's like I'm reading a novel
  630. 21:02when I'm studying them
  631. 21:04and I'm reading a novel
  632. 21:05that over the past year
  633. 21:06I've actually lived
  634. 21:07because I was trading
  635. 21:08with that same chart
  636. 21:08throughout the past year
  637. 21:09and that makes
  638. 21:10my mind, day after day,
  639. 21:12develop more of a mechanical intuition
  640. 21:15so it can separate the right opportunities
  641. 21:18from the wrong ones
  642. 21:20and trade them properly
  643. 21:22And the second method I can use
  644. 21:24is to go and see
  645. 21:25during the day —
  646. 21:27this is a really
  647. 21:28nice point, guys, pay attention —
  648. 21:29in what time range price came and
  649. 21:32made its high —
  650. 21:32sorry, its low
  651. 21:33and its high
  652. 21:35well, that time range
  653. 21:37takes on the role of
  654. 21:38a time window for me
  655. 21:40The third method is for me to go
  656. 21:41see where the market started the trend
  657. 21:45that acts as a time point for me
  658. 21:47in my backtest
  659. 21:48And the fourth method is to
  660. 21:50forget where the high and low were
  661. 21:52and go see where the most volatility happened
  662. 21:56and identify that as a time point
  663. 21:58or a time window
  664. 22:00Let me tidy this up a bit
  665. 22:01So first, I can go backtest
  666. 22:04and arrive at a set of hours
  667. 22:05or look at where the day's high and low formed
  668. 22:08and identify a set of hours there
  669. 22:10for the specific symbol I'm
  670. 22:12trading on
  671. 22:13or look at, in this symbol,
  672. 22:14at what hours,
  673. 22:16at what time
  674. 22:17points the main price move starts
  675. 22:20not just price's oscillating moves —
  676. 22:22where does the main price move start from
  677. 22:25those two are different from
  678. 22:26each other. Our fourth way is for me to see
  679. 22:28where the most volatility has been
  680. 22:30and that becomes
  681. 22:31my time window and my time point
  682. 22:33Then comes the question of which
  683. 22:34time window I want to work on as first priority
  684. 22:37or which time point I want to work on
  685. 22:38Now, in my experience
  686. 22:39on gold
  687. 22:40we have a set of time windows
  688. 22:42and these are the most global ones I'm teaching you right now
  689. 22:45I can go even more detailed than this
  690. 22:47I mean we have more, and we're going to work on them together
  691. 22:50there are techniques where,
  692. 22:51for example, within
  693. 22:5316:30 to 18:00 itself,
  694. 22:5517:00 has its own set of trading techniques
  695. 22:58or, say, 10:00 to 13:00, which is here,
  696. 23:01itself has 11:00 inside it, for instance
  697. 23:02These times are GMT+3, guys — watch out, not
  698. 23:06Iran time, because we've got daylight saving and all that
  699. 23:09I honestly don't know exactly what's
  700. 23:10what with Iran's hours, to tell you the truth
  701. 23:12these times are the standard time of European brokers
  702. 23:15meaning if you open the chart right now
  703. 23:16these times are exactly those times, I mean
  704. 23:18Now if you want to double-check, use Istanbul time
  705. 23:21Istanbul is roughly the same as the broker chart time
  706. 23:23actually not roughly — it's 100% the same
  707. 23:24because with the daylight-saving shifts and such
  708. 23:27they shift this too
  709. 23:28but since we drift back and forth
  710. 23:30it can usually shift by half an hour or an hour, which
  711. 23:32I can't factor in right now
  712. 23:34because I want to do something standard here
  713. 23:35Now for the Dow
  714. 23:36in my experience, it's not like this
  715. 23:38we have three important time windows
  716. 23:4016:30 to 18:00
  717. 23:42is the start, 18:00 to 21:00 is the middle
  718. 23:4421:00 to 23:00 is the end
  719. 23:45and again, within these
  720. 23:47we have an important 17:00 time window
  721. 23:50we have 18:30
  722. 23:52and plenty more that I'd have to show you on the chart
  723. 23:54I can't unpack them here
  724. 23:56And on EUR/USD
  725. 23:58you're better off working these same windows above
  726. 24:01but keep most of your focus on
  727. 24:03treating 10 a.m. onward
  728. 24:05as your time window
  729. 24:07Now, when I have the alignment of time and level
  730. 24:11that's when I can come and say
  731. 24:13this time window matters to me
  732. 24:16and reaching that price level that mattered to me
  733. 24:20matters right there
  734. 24:22and having this level, plus, say, the SP2L that I have here
  735. 24:26that's how it becomes significant for me
  736. 24:29and here I understand this is the time point
  737. 24:32I don't fall into its trap anymore
  738. 24:34it's the time point that's going to build the key level inside the time window
  739. 24:38and this is where I can filter things —
  740. 24:41push the efficiency of my winning trades
  741. 24:43higher and bring the average of my losing trades lower
  742. 24:46when I can work cleanly inside one time window
  743. 24:49That's the miracle that can be added to those setups
  744. 24:52of yours, your
  745. 24:53levels, your
  746. 24:54SP2L and PBTB
  747. 24:55and you will definitely see the performance boost in your accounts
  748. 24:58Alright guys, let's go to the chart together
  749. 24:59and work through what we talked about on the chart
  750. 25:02because I think teaching on the chart is the best way
  751. 25:05everyone knows the material is really broad, but the best way is for me to work it out on the chart for you
  752. 25:10Okay, look — what were we saying? After the market closed in the New York session
  753. 25:16meaning right here
  754. 25:17around 22:58 — this here becomes 22:59
  755. 25:20this drop it made
  756. 25:21here was after the New York close
  757. 25:23and it made this strange drop —
  758. 25:25how far did it reach? To this low
  759. 25:26Did it take out this low? No
  760. 25:27So I expect
  761. 25:29this to be a zone, a range, for me
  762. 25:31I mean, from here it turned back really nicely like this
  763. 25:34and from the top as well —
  764. 25:36I can take it from further back
  765. 25:38because I have a better zone there;
  766. 25:40this is the range
  767. 25:41Now, again, inside of this
  768. 25:42since we want to take a trade
  769. 25:44I'm forced to get into the middle of this story
  770. 25:47Now if I zoom out, look
  771. 25:48where we are
  772. 25:49we're here right now, and we're
  773. 25:50currently in a really weird range
  774. 25:53that maybe a lot of people wouldn't trade
  775. 25:54but because of the knowledge we have
  776. 25:57we know that these hours here
  777. 25:58have always made really nice moves
  778. 26:00so we dive into it and
  779. 26:01we're going to do the work together
  780. 26:03And of course, confirming exactly what I've been
  781. 26:06saying so far — let's see what happened from up top
  782. 26:09the market opened with a positive candle
  783. 26:11reached exactly back-to-breakeven
  784. 26:13This candle here
  785. 26:14Look, this zone here
  786. 26:16is breakeven — I mean, you see this wick here
  787. 26:18it came into
  788. 26:19the middle of this
  789. 26:20orders got filled
  790. 26:21Now if you don't want to enter with a limit order
  791. 26:22which in my opinion, for spots like this
  792. 26:24a limit order is pure poison
  793. 26:25what do
  794. 26:26we do? You see the SP2L giving an entry
  795. 26:27it's dropping
  796. 26:29so we caught one good SP2L
  797. 26:31with a nice R1
  798. 26:33right here
  799. 26:34and from right here
  800. 26:35we had a reversal
  801. 26:37move
  802. 26:38Now what did this do again?
  803. 26:39The market's interwoven structure
  804. 26:42What did the market's interwoven structure tell us?
  805. 26:44It said that
  806. 26:45now that this has reached this hour
  807. 26:47didn't this very spot give you an SP2L?
  808. 26:49Yes it did, there it is
  809. 26:50And this very spot
  810. 26:52didn't it give a target one?
  811. 26:53Yes it did; the target that lands here, roughly
  812. 26:55actually they'd hit exactly two target ones there
  813. 26:58and price reversed from here
  814. 26:59Now it's come back to that same zone
  815. 27:01it had a reaction, look
  816. 27:02there it is
  817. 27:03to the SP2L zone
  818. 27:04and started dropping again
  819. 27:06At this point I'm getting close to a buyers' edge
  820. 27:10but on the other hand my mind shouldn't drop anchor thinking
  821. 27:13"since I'm approaching a buyers' edge now
  822. 27:16the odds of a reversal are high"
  823. 27:18It's now 2 o'clock Istanbul time, which roughly — actually exactly — matches
  824. 27:21the chart;
  825. 27:23look,
  826. 27:23two
  827. 27:24So for the next hour I can
  828. 27:27say it'll probably be around here
  829. 27:30We don't know which way we'll
  830. 27:32head — it might drop down
  831. 27:33Now however far it drops, I can move with it
  832. 27:35but
  833. 27:36these anchors cause trouble
  834. 27:38I've now seen the sellers' view
  835. 27:40now I'll go look at the buyers' view
  836. 27:42what they're thinking about
  837. 27:43They had an SP2L from here
  838. 27:45took a target one from it here
  839. 27:46Again, if I take the SP2L from the top
  840. 27:48or no, take it from the bottom
  841. 27:49up to here
  842. 27:50look at their R1 again; so clean
  843. 27:53It's insane. SP2L is not the major move
  844. 27:55please, for God's sake don't
  845. 27:57confuse it with the major move;
  846. 27:59THIS is the major move,
  847. 28:00this becomes one
  848. 28:01leg — the major move's target
  849. 28:03is here. The major move is not SP2L
  850. 28:06Don't mix these up with
  851. 28:08each other; this is something I
  852. 28:10personally use
  853. 28:12I haven't seen an SP2L anywhere else at all
  854. 28:13nothing like it even exists, or anything similar
  855. 28:15it came about in a way that
  856. 28:17I got it through lots of backtesting
  857. 28:19and I get this target this
  858. 28:22way — I mean the major move
  859. 28:23My major move — Poursamadi's — is this
  860. 28:25Master Al
  861. 28:27Brooks' major move is that;
  862. 28:28and you should use that on the Dow market
  863. 28:30in the 16:30 to
  864. 28:3323:00 window mostly
  865. 28:35and preferably use it more
  866. 28:37for swings
  867. 28:38But when I say SP2L
  868. 28:39I mean a situation that allows me
  869. 28:42within a few minutes, with this
  870. 28:44candle, at the exact point
  871. 28:46to take a target at the exact point
  872. 28:48Well, we don't have this in the courses;
  873. 28:50go look — there's no such thing in these courses
  874. 28:52no course has it
  875. 28:53where they take targets this way
  876. 28:55where the story is this obvious and this clear
  877. 28:57Guys, look; anything that hasn't come out of YOUR backtest
  878. 29:00practically isn't yours;
  879. 29:01it's a loan I've handed you
  880. 29:03Look, for example Master Al Brooks, like
  881. 29:05I said, has his own major move
  882. 29:07Me, I basically find my major moves with SP2L
  883. 29:10and I have lots of major moves;
  884. 29:12because SP2L gives me really good triggers
  885. 29:14But since I gave this to you,
  886. 29:17whether you learned the major move
  887. 29:18or anything else
  888. 29:20practically, until you backtest it, it's not yours
  889. 29:22You can say "this SP2L is mine
  890. 29:24and I can work with it"
  891. 29:26only when you've backtested it enough to trust it
  892. 29:28Just watching the training — you've only watched;
  893. 29:31that's it, you watched.
  894. 29:32But trust comes from backtesting
  895. 29:34You have to go see what I said,
  896. 29:36work on it so much that you come to trust it
  897. 29:39Then once you trust it,
  898. 29:41that tool is truly yours
  899. 29:43Now what do I have further
  900. 29:44back? Further back I've got this bullish leg
  901. 29:46meaning it made a bullish leg
  902. 29:48So it allows me — if buyers want to get in
  903. 29:51if they lose this spot
  904. 29:53they'd have this spot for a swing
  905. 29:55meaning a scalpy swing to the upside
  906. 29:57to carry along with them
  907. 29:58Now what do we do?
  908. 29:59Since I don't see any weird volatility here
  909. 30:02I see a micro channel giving me a target
  910. 30:04meaning it's heading
  911. 30:05to the downside
  912. 30:06I'll zoom in more on the chart
  913. 30:08We see — if I'd taken its micro channel trade
  914. 30:10I mean, just as I was about to say it
  915. 30:13this
  916. 30:13would be its micro channel
  917. 30:15Just as I went to
  918. 30:16say it, one instantly hit reward 3 and 4 and 5 and 6. No
  919. 30:18problem;
  920. 30:19we're not greedy here at all
  921. 30:20I wanted to take it
  922. 30:21but the explanation ran long, so I didn't
  923. 30:23Now we've entered this zone
  924. 30:26This zone can, for me
  925. 30:27if I see a reversal signal on it
  926. 30:30since I'm inside this range zone
  927. 30:31give me a target;
  928. 30:34I'll wait
  929. 30:35for these 30 seconds to close
  930. 30:36and settle it
  931. 30:37I'll cut the video
  932. 30:39and post it edited
  933. 30:40so your time isn't wasted
  934. 30:42Let's see what happens with this candle.
  935. 30:44Okay
  936. 30:45guys look, the candle just closed
  937. 30:47and we have a gap here
  938. 30:49First let me clean up the chart
  939. 30:51Look, this low
  940. 30:52just gave a pause reaction
  941. 30:54If I want to read that pause reaction
  942. 30:56I can say, hey
  943. 30:57this is late in the trend
  944. 30:59I mean, what did this zone do?
  945. 31:00It created a buy opportunity for us
  946. 31:03Let me draw it a bit wider
  947. 31:05It created a buy opportunity
  948. 31:07I can trade it one-two-three style
  949. 31:09from here;
  950. 31:10I'll wait
  951. 31:12and enter on the second signal
  952. 31:14But that was the first signal, guys
  953. 31:15You see here, it made a high
  954. 31:17that was the first signal
  955. 31:18If it comes and breaks the next high
  956. 31:21that becomes my second signal
  957. 31:23and on that second signal I can take
  958. 31:24the buy. I can add a scale-in too
  959. 31:26If no other entry shows up for the trade,
  960. 31:28I'll add this scale-in
  961. 31:29The scale-in is here
  962. 31:31If this comes a bit higher I can take
  963. 31:34the buy; it didn't go
  964. 31:35higher — even better that it didn't; we haven't taken it yet
  965. 31:37What did we say? What happened?
  966. 31:38First signal
  967. 31:40I've said it in all my videos — both
  968. 31:42in the probability one
  969. 31:43and especially in
  970. 31:44Micro Map. In Micro Map,
  971. 31:47Micro Map
  972. 31:48is insane — Micro Map is really insane
  973. 31:50I mean
  974. 31:50it might even be
  975. 31:52one of the cleanest
  976. 31:54setups
  977. 31:55for entries;
  978. 31:56I wasn't exaggerating
  979. 31:57but it needs experience
  980. 31:59Meaning you first need to have traded SP2L
  981. 32:02before you come trade
  982. 32:03this
  983. 32:04For example, what does having traded SP2L look like?
  984. 32:06Look
  985. 32:06isn't this drop an SP2L right now?
  986. 32:08Well
  987. 32:09if someone takes this as an SP2L
  988. 32:11the target of that SP2L
  989. 32:12lands around here
  990. 32:14So it'll probably want to play around here;
  991. 32:16that's why
  992. 32:17it's preferably better
  993. 32:18to wait for its next signal
  994. 32:19because it might tag this area
  995. 32:21and with its reversal signal we can
  996. 32:23grab a nice profit
  997. 32:24We hit "add pending
  998. 32:26line"
  999. 32:26there, it's placed; the pending
  1000. 32:27line too
  1001. 32:28This becomes my entry zone
  1002. 32:30Now I'll try to move with it
  1003. 32:33Once this closed,
  1004. 32:34I'd come up here
  1005. 32:35and place its order
  1006. 32:37Okay, should I set a pending order? Or not right now?
  1007. 32:39Right, it won't set a pending order because I was too close to price
  1008. 32:41I have to enter manually
  1009. 32:42since I'm entering very close to price here
  1010. 32:44Okay, it went higher — I take the buy
  1011. 32:46My stop is
  1012. 32:48in a slightly bad spot
  1013. 32:49I have to account for the spread
  1014. 32:51If this stop gets hit, I'll enter the second entry position
  1015. 32:54Now what do I do?
  1016. 32:55I drag this up
  1017. 32:56I don't care about the TP
  1018. 32:58at all. The TP —
  1019. 32:59now's not the time to talk about it
  1020. 33:01for now we're working on trade entries together
  1021. 33:03exiting a trade is its own separate matter
  1022. 33:05Now if I were trading gold instead,
  1023. 33:07the spread isn't like this at this hour
  1024. 33:09If we get the chance we'll go work on gold too
  1025. 33:11we'll trade it together
  1026. 33:12Oh right, this is that same thing
  1027. 33:13the $534 from the previous video, where
  1028. 33:16I think we made $2,500 in profit
  1029. 33:18in the Micro Map video, and gave all of it to charity
  1030. 33:20If good profit comes out of this again
  1031. 33:22and that blessing comes through
  1032. 33:23we'll give that to charity again too
  1033. 33:25and I don't keep a single penny of the profits I make in these videos for myself
  1034. 33:28And the target; look, the target works like this
  1035. 33:31so that if we want to be precise
  1036. 33:33practically the reward was this, right — I mean the Micro Map one becomes
  1037. 33:36this becomes the video's reward two-to-three
  1038. 33:38here. But since the spread on this symbol at this hour is showing around 300
  1039. 33:44we're forced to account for that spread
  1040. 33:45meaning practically our target becomes
  1041. 33:47reward plus spread
  1042. 33:49I drop this and place it on the entry point;
  1043. 33:51this becomes it
  1044. 33:52Now on the flip side I can let my profit grow a bit
  1045. 33:56to make up for my stop on this side
  1046. 33:58The SP2L target lands exactly on my stop, and
  1047. 34:01there's a real chance it hits my stop
  1048. 34:04to complete the SP2L target
  1049. 34:06But there's also a chance it doesn't
  1050. 34:09because this might be trend exhaustion
  1051. 34:11and this might be an exhaustion gap
  1052. 34:13So at every
  1053. 34:15moment I'm trading on an edge
  1054. 34:17of probabilities, playing with my trades
  1055. 34:20The most important part is that I'm working relaxed, taking it easy;
  1056. 34:23that's the most important parameter of trading
  1057. 34:25when you want to take a trade
  1058. 34:27Look, if I'm all worked up like
  1059. 34:29"oh, what's happening right now
  1060. 34:31what happened to my profit, what didn't"
  1061. 34:34this profit really shouldn't be that
  1062. 34:36important. How much is it?
  1063. 34:37It's one percent of a $5,000 account;
  1064. 34:39that's fifty dollars
  1065. 34:40Whenever you feel nothing about that trade of yours,
  1066. 34:44it means you're at least thinking with logic
  1067. 34:47Well, it hit their target; meaning
  1068. 34:49I'm about to take the next entry point too
  1069. 34:53Guys, there's a true saying that I think,
  1070. 34:55because of the chaotic social-media world,
  1071. 34:57is getting pushed to the sidelines
  1072. 34:59and looked at as just a slogan
  1073. 35:02It's this: you shouldn't have feelings about your profit and loss
  1074. 35:04Guys, this saying is absolutely true
  1075. 35:06When you're trading,
  1076. 35:08see who the calmest person in the room is
  1077. 35:10If it's you, you're doing things logically
  1078. 35:13But if you're getting worked up
  1079. 35:15with every up and down of your P&L
  1080. 35:17not that you should be numb, guys
  1081. 35:20the feelings exist
  1082. 35:21joy exists, fear
  1083. 35:22exists. But when panic is creeping up on you
  1084. 35:25when greed is creeping up on you
  1085. 35:26know that you're practically trading with your dinner money
  1086. 35:30not with money you want to
  1087. 35:31build a proper track record with
  1088. 35:33Because this becomes the first signal,
  1089. 35:34the second signal,
  1090. 35:35and the next one becomes the third signal
  1091. 35:37which I'll mark right now
  1092. 35:38I'll wait for it to give me
  1093. 35:40permission to enter; meanwhile it's completing this one's target
  1094. 35:43Look
  1095. 35:43this is the SP2L
  1096. 35:45you see its target; exactly
  1097. 35:47it's touching the target right here;
  1098. 35:48I took it because
  1099. 35:49I'm supposed to take it
  1100. 35:51I could've skipped it, waited for it to hit the target
  1101. 35:54and then taken it; that's fine
  1102. 35:56that's one choice,
  1103. 35:57this is the second choice
  1104. 35:59and either one can
  1105. 36:01be counted in my journal's
  1106. 36:03net results;
  1107. 36:04"I did this, this happened,
  1108. 36:05I did that, that happened"
  1109. 36:07So there's no wrong move
  1110. 36:09and no right move either
  1111. 36:11as long as we act within context;
  1112. 36:12I'm not saying
  1113. 36:13do whatever you feel like
  1114. 36:14and it'll be right or wrong,
  1115. 36:15no — if you do it within context
  1116. 36:18knowing what you're doing
  1117. 36:19knowing this might be an exhaustion gap
  1118. 36:21and I might want to enter on its second signal
  1119. 36:23I might want to enter on its third signal
  1120. 36:25Above this becomes my second signal
  1121. 36:27But right now we can say this one's in
  1122. 36:30It's putting in this level
  1123. 36:30it's putting in a higher level
  1124. 36:32I should move it — once I sort it out, move it onto
  1125. 36:35the lower level
  1126. 36:37and figure out the TP
  1127. 36:39too. The next signal
  1128. 36:41becomes up here
  1129. 36:42then up here
  1130. 36:43then up here
  1131. 36:44This position is shaping up really clean
  1132. 36:46I'll try to
  1133. 36:48have this one ready too
  1134. 36:50For now
  1135. 36:51I can do one more
  1136. 36:52entry on it
  1137. 36:54In fact the third signal was issued
  1138. 36:58too — it matched this spot
  1139. 37:00The Dow wasn't a good example for this just now
  1140. 37:03otherwise I'd have taken it. Let me —
  1141. 37:05let's go to gold
  1142. 37:07and I'll give you an example at this hour
  1143. 37:09on gold's one-minute timeframe
  1144. 37:10We had a weird drop yesterday — really good
  1145. 37:12well, not weird,
  1146. 37:13I mean good
  1147. 37:14all SP2L, SP2L along the way,
  1148. 37:16nice profits
  1149. 37:18We come into today
  1150. 37:20up to where we are right now
  1151. 37:22and what are we seeing?
  1152. 37:24A range formed from this
  1153. 37:28pattern;
  1154. 37:30an SP2L
  1155. 37:32broke this pattern;
  1156. 37:34these are now running at reward two
  1157. 37:36The next SP2L
  1158. 37:38formed here
  1159. 37:40What reward are those at?
  1160. 37:42Those are at reward
  1161. 37:44three, and right now it's also giving a continuation SP2L
  1162. 37:46So what do I do?
  1163. 37:48My last SP2L ends up here
  1164. 37:50where they've also entered on the SP2L
  1165. 37:54Unfortunately those are at reward
  1166. 37:56one. Why do I say unfortunately? Because they're hitting their targets
  1167. 37:58I got to this one a bit late
  1168. 38:00we were busy with the Dow
  1169. 38:02we missed this
  1170. 38:04This side is moving more sweetly than that side
  1171. 38:06that side's pretty sluggish for now
  1172. 38:08it doesn't move in a straight line during these hours
  1173. 38:10we shouldn't expect any crazy moves either
  1174. 38:12from the Dow during these hours
  1175. 38:14so do I go hunting? I come in with this same SP2L
  1176. 38:16and lay out my outlook
  1177. 38:18what's my outlook?
  1178. 38:20the one where I had several good consecutive SP2Ls
  1179. 38:22the main entry point was here
  1180. 38:24and these are in profit right now
  1181. 38:26if these lock in their profits
  1182. 38:28it might correct upward a bit
  1183. 38:30because I have a good SP2L here
  1184. 38:32which has paid out its R1 once
  1185. 38:34once — twice, it's paid out its R1
  1186. 38:36and it's making its way toward these zones
  1187. 38:38I mean toward these zones
  1188. 38:40at least its first target,
  1189. 38:44I mean its first point is that
  1190. 38:46let's go see what's
  1191. 38:48happening over there — it's still just churning around
  1192. 38:50that one's really sloppy for now
  1193. 38:52we'll stick to about a target 1, target 2
  1194. 38:54here it's way too sloppy for me
  1195. 38:56I mean even for teaching it doesn't
  1196. 38:58come out that appealing or logical; better
  1197. 39:00to watch it over here where
  1198. 39:02the sweet stuff is
  1199. 39:04guys, I can place an order here
  1200. 39:06and with this
  1201. 39:08try to
  1202. 39:10put in a sell
  1203. 39:12because it came and gave this a nice BTB
  1204. 39:14up to this target
  1205. 39:16and I'll take it off on this side too
  1206. 39:18before it goes, let me watch the price action
  1207. 39:20and see what it's doing
  1208. 39:22and add my scale-in too
  1209. 39:24gold's moves are just sweeter overall
  1210. 39:26during these hours until
  1211. 39:28the market open
  1212. 39:30New York — gold is just sweeter in its moves overall
  1213. 39:32if you want to grab back-to-back swings off it like this
  1214. 39:34across the full 24 hours of the day
  1215. 39:36it gives you good targets
  1216. 39:38and just now, within
  1217. 39:40one minute, we hit our next target;
  1218. 39:42that one is
  1219. 39:44playing in its own zone
  1220. 39:46but it covered that one's loss too
  1221. 39:48this one went into profit as well — a hundred
  1222. 39:50dollars; that's the 1-2-3 down
  1223. 39:52you can see it here;
  1224. 39:54three pushes down;
  1225. 39:56one, two, three
  1226. 39:58and it formed it from here
  1227. 40:00and if it hits this, I'm done with it;
  1228. 40:02I mean I'm literally giving it the silent treatment for now
  1229. 40:04because I don't understand it
  1230. 40:06if it won't at least give me target 1
  1231. 40:08let it at least give target 1 so I know you pulled back to back-to-breakeven and hit my stop
  1232. 40:12so I can see some logic behind it
  1233. 40:14if I don't see the logic
  1234. 40:16behind it, that means
  1235. 40:18not that it has no logic
  1236. 40:20it's that I don't currently get what its logic is
  1237. 40:22if I don't see that logic
  1238. 40:24okay look, now if this drops
  1239. 40:26I'll go close that one
  1240. 40:28why close it? because right now there's a
  1241. 40:30war situation and war news keeps coming out
  1242. 40:32gold has become sensitive to the war right now
  1243. 40:34and it dumps on negative war news
  1244. 40:36let's see how it plays out then
  1245. 40:38I'm seeing some nice shadows over there;
  1246. 40:40one pokes up
  1247. 40:42the other pokes down
  1248. 40:44I mean gold pokes down, this pokes up
  1249. 40:46the best exit opportunity is this, at reward 1
  1250. 40:48and making this trade risk-free
  1251. 40:50half of it, and the drop continuing with
  1252. 40:52gold hitting target 1
  1253. 40:56at least this one's getting to breakeven
  1254. 40:58it's giving bearish reactions
  1255. 41:00there's a chance of a reversal from here now
  1256. 41:02so I'd rather stay on the previous
  1257. 41:04sell signal
  1258. 41:06what do I do? I close half
  1259. 41:08of this — why? because I'm seeing a BTB right here, actually
  1260. 41:10let's look at the whole picture
  1261. 41:12let's go to gold; gold is moving really
  1262. 41:14attractively overall
  1263. 41:16I can grab you more moves in a tighter window of time
  1264. 41:18we took one loss, two
  1265. 41:20wins
  1266. 41:22and we'll check
  1267. 41:24this spot together
  1268. 41:26it went and hit its R1; this one's riding along with it
  1269. 41:28we could even go add volume on its Micro Map right now
  1270. 41:32meaning I could fire another 2% sell right here
  1271. 41:35and since, as you can see, it came in
  1272. 41:37hit an SP2L, gave target 1
  1273. 41:39and right behind it I'm seeing a bearish trend
  1274. 41:42I saw a shadow, then another shadow
  1275. 41:45and we have exactly that Micro Map signal, plus a first entry signal
  1276. 41:49the second signal...
  1277. 41:51the first signal is below this candle
  1278. 41:53the second signal is below the next candle
  1279. 41:55that's where I made the next entry
  1280. 41:57this is how you can ride it sweetly
  1281. 41:59this one's risk-free now too; let it play out its run on its own
  1282. 42:01we're done with it; risk-free
  1283. 42:03we set this on it and leave it alone
  1284. 42:05okay guys, we're getting close to 2:30
  1285. 42:072:30 on the dot is when some pressure is due to hit the market
  1286. 42:11if that pressure turns out bearish now
  1287. 42:13I can choose
  1288. 42:15whether to close at this edge now — the trades are in profit, it's optional;
  1289. 42:19or no, not close it
  1290. 42:21let it ride, and if the bearish pressure is on my side
  1291. 42:23take a nicer profit with it; and what does that mean?
  1292. 42:25it means time edges have been added to the price edges
  1293. 42:31and that's how I see the chart in my head — like a flow of squares, square after square. You don't need to clutter your chart; I'm not saying draw the flow on the chart all the time
  1294. 42:37but it exists in my head
  1295. 42:41I know that in literally one more minute — these next 52 seconds — some pressure might come into it
  1296. 42:47now that pressure could be bullish and hit both of them, cause losses — I mean stop out both
  1297. 42:51and honestly the logical play is, if we want to make a move, you can close half of it here
  1298. 42:57so that if the pressure is bullish you don't get
  1299. 42:59hurt; I mean set a risk-free so if it drops we don't get hurt
  1300. 43:03okay, we've reached its R2; look, this is me working clean;
  1301. 43:07I close this because in the next five seconds it might come hit my
  1302. 43:18stop — sure, it might go down beautifully, but I try to bank my
  1303. 43:21profit, because it gives me confidence — this profit; when that number keeps ticking up slowly, it gives me confidence
  1304. 43:26why torture myself over a loss it might hand me
  1305. 43:30there's still a bit of road left to that lower target we had here
  1306. 43:33now watch what you can do here; what a beautiful thing you can do
  1307. 43:36at reward 3, you can close half your trade; watch:
  1308. 43:39half-close. What just happened? With one of those three rewards, that trade is now insured
  1309. 43:44look, let me pull up the statement too — look
  1310. 43:48here I took $162 in profit
  1311. 43:51a third — now look at my downside; look at this — if I take
  1312. 43:55the loss, it's $48, meaning I banked three times that in profit
  1313. 43:59forty-eight of loss; if it loses, my loss is one-third of my last profit
  1314. 44:04that's the advantage of the half-close, without making the trade risk-free
  1315. 44:08because that risk-free might sit at this one's back-to-breakeven
  1316. 44:10it might come back to the SP2L's own back-to-breakeven
  1317. 44:14this is where I can relax — I stay in with half, having taken good profit from it
  1318. 44:19and I move with the chart very logically
  1319. 44:22I don't act on emotion
  1320. 44:24because this isn't going down forever, and it isn't going up forever
  1321. 44:27and these swings keep touching different profits and losses
  1322. 44:31each time — guys look, it's reached that zone; I'm full-closing this
  1323. 44:34it's giving me a reversal,
  1324. 44:36look, it reached that zone — I hit the full close
  1325. 44:39I start looking for buys off this zone,
  1326. 44:41because it's giving me a good opportunity
  1327. 44:44I mean I wait for a buy;
  1328. 44:47we've now entered that 2:30-to-3:00 half hour
  1329. 44:51where we want to see which way the trend goes
  1330. 44:54its first signal has just barely come in here
  1331. 44:56I'll wait for the second signal
  1332. 44:58so I can enter better
  1333. 45:00this itself is an SP2L
  1334. 45:02an SP2L that entered late
  1335. 45:04came late to the party
  1336. 45:05I've also got an SP2L sitting in the way here
  1337. 45:07but these spots are a zone for me
  1338. 45:10where I could think of it as a rising wedge
  1339. 45:13or maybe I'd be wrong and
  1340. 45:15think falling
  1341. 45:16wedge — so I move with it to the downside
  1342. 45:20I try to corner the price somewhere
  1343. 45:22for this half hour
  1344. 45:24not for the whole day
  1345. 45:26there's no need for that here
  1346. 45:28imagine that here, in my head, I closed at reward 3
  1347. 45:30everyone for themselves
  1348. 45:32we also gave up two rewards
  1349. 45:34two rewards... you've seen plenty of people on social media saying
  1350. 45:36I made 2R, 3R, 4R — guys, we made so much profit
  1351. 45:38signal channels and whatnot; throw
  1352. 45:40that talk
  1353. 45:41in the trash — we just took reward 5 here
  1354. 45:43we took that reward 1
  1355. 45:44actually, whatever happened to that other one?
  1356. 45:45look — from our close, it bounced right back to the point
  1357. 45:48why? because this itself is a back-to-breakeven
  1358. 45:50it carries the chance of a reversal on its own
  1359. 45:53so my exit point here was a clean exit point too
  1360. 45:56now I wait for a reversal here
  1361. 45:58I wait for buyers
  1362. 45:59so these sellers I've got here fall into the trap
  1363. 46:01and in this half hour we kind of corner them
  1364. 46:04the only key is to do the work calmly
  1365. 46:06don't act on
  1366. 46:09emotion; nothing emotional — the second signal; that's formed now too,
  1367. 46:11I mean the second signal would be
  1368. 46:12if we take this as the first signal...
  1369. 46:13it's really hard for me to take this spot as the first signal
  1370. 46:16because it dumped instantly;
  1371. 46:17I could take this as the first signal
  1372. 46:18take this very spot as the first signal
  1373. 46:20but since the three pushes down haven't come, in my view,
  1374. 46:23look, let me zoom the chart in a bit
  1375. 46:26so you get what I mean — look,
  1376. 46:28one push down, two pushes down;
  1377. 46:30if it gives three pushes down, that's a good signal there;
  1378. 46:33or here, if it stops pushing down and comes
  1379. 46:36up, or this candle closes
  1380. 46:38that's a good entry point in itself
  1381. 46:40that setup I pretty much want is taking shape
  1382. 46:44I'll fire my buy
  1383. 46:46this is how I execute the setup
  1384. 46:48properly; then if it triggers, whether I take it
  1385. 46:50here makes no difference
  1386. 46:52I'll bring this one in and place it too; this one here
  1387. 46:54is just sitting there for nothing
  1388. 46:56I'll cancel this one
  1389. 46:58did you see that? What a shame that
  1390. 47:00this trade failed the 2x
  1391. 47:02with a 2x you'd have taken reward 7
  1392. 47:04within these few seconds; but
  1393. 47:06that becomes kind of
  1394. 47:08arbitrage-like, which you can't really do
  1395. 47:10this shadow made it a bit dangerous for a drop
  1396. 47:12that shadow,
  1397. 47:14it's a bad shadow for a drop;
  1398. 47:16if it doesn't
  1399. 47:18fade, I'll get
  1400. 47:20stopped out
  1401. 47:22stopped out; because the candle... it was a beautiful candle
  1402. 47:24but I'm still on my buy signal
  1403. 47:26and it's not like I've changed my outlook
  1404. 47:28if anything I'm even more firmly on my buy outlook
  1405. 47:32because this zone is still a beautiful zone
  1406. 47:34this zone still has an SP2L behind it
  1407. 47:36this is a buy zone
  1408. 47:38and me, in this zone, at this hour
  1409. 47:40I don't expect a drop in this zone
  1410. 47:42I don't expect it at all
  1411. 47:44unless some other event comes along and does something here
  1412. 47:46until then, my expectation is still bullish
  1413. 47:48so what do I do? I wait for this candle
  1414. 47:50to close. Okay, done
  1415. 47:52I make this 2%
  1416. 47:54and fire my buy
  1417. 47:56with it; my stop
  1418. 47:58behind it, and my TP for now... I
  1419. 48:00remove the TP for now — the TP, for now,
  1420. 48:02I remove. The 3 o'clock volatility is
  1421. 48:04gradually entering the market
  1422. 48:06since there's a bit of pressure too
  1423. 48:08pressure-wise now
  1424. 48:10the market's excitement is gradually
  1425. 48:12picking up in terms of volatility
  1426. 48:14and this is our situation so far
  1427. 48:16we had one stop-out here
  1428. 48:18then we did this one;
  1429. 48:20the situation
  1430. 48:22is okay. And
  1431. 48:24by the way, the Dow was about to get stopped out too
  1432. 48:26if we hadn't closed it here, its stop-loss would have been hit
  1433. 48:28and those two profits we took
  1434. 48:30would have withered away
  1435. 48:32we're at its reward... its R1
  1436. 48:34its second target... I'll half-close
  1437. 48:36at its second target
  1438. 48:38if it gives it to me
  1439. 48:40This mindset —
  1440. 48:42don't forget it
  1441. 48:44there was a spot here,
  1442. 48:46a 1-2-3 down
  1443. 48:48which, because of a certain point, I entered a bit higher up, here
  1444. 48:50that's exactly why I didn't close it at its reward 1
  1445. 48:52because I wanted its R2
  1446. 48:54roughly — and its stop
  1447. 48:56got hit, because we'd entered the 1-2-3 down
  1448. 48:58a bit high; no harm done
  1449. 49:00guys; that's one stop-out, and I log it in the journal too
  1450. 49:02I entered on the second signal
  1451. 49:04meaning I entered on just push two
  1452. 49:06this lets me know whether, ultimately, entering on push two
  1453. 49:10is good, or staying out is better, at this time
  1454. 49:12this becomes the journal that... look, later you can't tell from here
  1455. 49:16this stop got hit here
  1456. 49:18you can't tell from here that this was a mistake
  1457. 49:20and conclude "so I shouldn't enter on push two";
  1458. 49:22no — you need to have entered, say, sixty times
  1459. 49:24on push two
  1460. 49:26to understand how those stop-outs really went
  1461. 49:28like, "I shouldn't have entered"
  1462. 49:30but once you've taken sixty push entries and see you're catching a good signal, then —
  1463. 49:32put the emotion aside, do your job
  1464. 49:34write your journal,
  1465. 49:36watch what you're doing with
  1466. 49:38your workflow
  1467. 49:40sorry — this one's taken its reward 2, say, and I wasn't even paying attention
  1468. 49:42it's 2:35 in the morning
  1469. 49:44say I wasn't paying attention — sorry, really, this one
  1470. 49:48it took its reward
  1471. 49:502 — it took its reward
  1472. 49:522, and I've earned it; I'm not
  1473. 49:54touching it at all
  1474. 49:56really, it is what it is — I wasn't even paying attention to fix
  1475. 49:58this reward; my penalty
  1476. 50:00is exactly that I didn't take that half-close
  1477. 50:02because this one is also giving this one's BTB;
  1478. 50:04look how clean,
  1479. 50:06how clean
  1480. 50:08that one's R2 landed right on this one's BTB;
  1481. 50:10what can I say
  1482. 50:12I'm mesmerized; lost in this beauty
  1483. 50:14when your job is content creation, this is how it goes
  1484. 50:16when you're creating content
  1485. 50:18half your attention is on whether the audience understood
  1486. 50:22what just happened; when you're doing the work yourself
  1487. 50:24you don't have these issues;
  1488. 50:26I mean not all of them — you're focused, doing your work carefully
  1489. 50:30there's no need to be
  1490. 50:32this hard on yourself
  1491. 50:34but hey, no big deal — this is your account
  1492. 50:36even if this $5,000 goes, so be it — it's for all of you
  1493. 50:38but a person, in any state — you see
  1494. 50:40even me, after...
  1495. 50:42fifteen and a half years
  1496. 50:44into my trading,
  1497. 50:46yet suddenly
  1498. 50:48you yell: come on,
  1499. 50:50don't do that — right,
  1500. 50:52pull it down, take reward
  1501. 50:542 already — what are you doing,
  1502. 50:56you of all people? Don't
  1503. 50:58these "you, of all people, don't do that!" moments are always in your life
  1504. 51:00the further you go, you see that
  1505. 51:02this "you, of all people"... these "you, of all people,
  1506. 51:04don't do that!"s actually get more frequent
  1507. 51:06after sixteen years of doing this work
  1508. 51:08I'm telling myself: don't — you, of all people, don't do that;
  1509. 51:10"why would you, of all people?"
  1510. 51:12until it goes quiet
  1511. 51:13that's exactly the boundary where
  1512. 51:14you see you've kept your
  1513. 51:16cool
  1514. 51:18but you might still make a mistake; that's fine
  1515. 51:19because humans are fallible
  1516. 51:21but a professional
  1517. 51:22trader is a disciplined fallible human
  1518. 51:26who, through that discipline and writing down their mistakes
  1519. 51:29squeezes that mistake into a tighter corner every time
  1520. 51:32we've now reached our R2 zone
  1521. 51:34and here we can take the half-close we hadn't taken — take it right here
  1522. 51:38if this thing behaves and goes that far
  1523. 51:40it went; which means seven minutes left until the 3 o'clock time window
  1524. 51:43I'm obligated to take my actions faster within these seven minutes
  1525. 51:47well, there's its R2 too — one more minute and it went
  1526. 51:49I'll just accept my penalty on that one
  1527. 51:51Okay, I half-close again
  1528. 51:53another seventy-six dollars
  1529. 51:55banked
  1530. 51:57now if it comes and this stop gets hit, look
  1531. 52:01I lose fifty
  1532. 52:03but I've banked a hundred;
  1533. 52:05and this way I didn't even risk-free it by putting my stop
  1534. 52:09here; it could come tag this and reverse;
  1535. 52:11that's the beautiful play.
  1536. 52:13at reward
  1537. 52:153 I half-close again
  1538. 52:17okay, I half-close again
  1539. 52:19another seventy-six banked
  1540. 52:21now if I get stopped out
  1541. 52:23I lose twenty-four — look
  1542. 52:25when you half-close at reward 3
  1543. 52:27you've actually banked three times the stop that's currently in place
  1544. 52:31as profit; look
  1545. 52:33seventy-six versus twenty-four
  1546. 52:35a hundred at reward 2,
  1547. 52:37one stop comes to fifty
  1548. 52:39— get the formula laid out in your head
  1549. 52:41guys, this point was seriously priceless and important
  1550. 52:43closing half the trade
  1551. 52:45at the TP2 level, or
  1552. 52:47TP3, is effectively an insurance policy you're
  1553. 52:49issuing for yourself; so that you can potentially
  1554. 52:51earn two-to-three times this insurance premium
  1555. 52:53that you're paying
  1556. 52:55in extra profit
  1557. 52:57now how much is your premium? when you close at TP
  1558. 52:592, your premium is half of that TP
  1559. 53:012; when you close at TP3,
  1560. 53:03it's one-third of that TP3
  1561. 53:05and there's no better formula than this in money management
  1562. 53:07One disastrous thing I see happening
  1563. 53:09is that some folks take their
  1564. 53:11stop loss
  1565. 53:13and move it to their TP1 and TP2
  1566. 53:15once the trade goes into profit
  1567. 53:17which means you... I give my analysis
  1568. 53:19zero credit
  1569. 53:21Because folks, even moving a trade
  1570. 53:23to breakeven is flawed in many ways
  1571. 53:25because your entry point might be
  1572. 53:27the back-to-breakeven of that strategy
  1573. 53:29of that analysis
  1574. 53:31And when you take
  1575. 53:33your stop loss
  1576. 53:35and put it on TP2,
  1577. 53:37what are you actually doing? You're basically saying, look,
  1578. 53:39I don't value my trade at all
  1579. 53:41because I probably entered it by pure chance
  1580. 53:43and going into profit was luck too
  1581. 53:45That's why, out of fear,
  1582. 53:47I move my stop to my TP2
  1583. 53:49Because I didn't enter based on facts
  1584. 53:51I took a shot off the cuff and I'm trying
  1585. 53:53to somehow just keep this
  1586. 53:55in profit. Otherwise, if you want
  1587. 53:57to close your trade, you should half-close or full-close it
  1588. 53:59Moving your stop loss onto your take profit
  1589. 54:01means you're running away from a flawed analysis that never existed
  1590. 54:05and was practically no different from flipping a coin on your trades
  1591. 54:07That's what you're escaping
  1592. 54:09Set the formula up in your head
  1593. 54:11If the reward is 4, it becomes a quarter of it, meaning
  1594. 54:13your stop's size becomes one quarter of that amount
  1595. 54:15This 24 becomes one third of the profit you've banked
  1596. 54:19Now we get to the sweet topic
  1597. 54:21of timing. Even at the start of the video
  1598. 54:23I begin with the crappiest hours
  1599. 54:25so you can see this stuff works even in the crappiest hours. Now
  1600. 54:29Tokyo time and
  1601. 54:31London — well, excuse me — London time and
  1602. 54:33New York are in a league of their own;
  1603. 54:35I'm not even going to discuss those
  1604. 54:37I always come and trade this filthiest spot
  1605. 54:39for you first
  1606. 54:41so you can see that what I'm telling you
  1607. 54:43works and plays out in the dirtiest places
  1608. 54:45Now, was this
  1609. 54:47some exotic science?
  1610. 54:49No, it was exactly what I taught you;
  1611. 54:51an SP2L formed here
  1612. 54:53and I expected price to reverse from this SP2L
  1613. 54:55and I came in
  1614. 54:57and took the third signal here;
  1615. 54:59it hit my stop; no big deal;
  1616. 55:01I take the third signal based on this same
  1617. 55:03falling wedge
  1618. 55:05and I collect my reward right here. And all of this — look, folks, if I
  1619. 55:09zoom out, it's not
  1620. 55:11strange at all; look, this is the 1-minute timeframe
  1621. 55:13and I'm doing this right here
  1622. 55:17If you've worked a bit, you know
  1623. 55:19what we're doing here
  1624. 55:21in terms of the level of the work
  1625. 55:23Alright, let's also look at
  1626. 55:25that 3 o'clock now. Notice I always take my examples
  1627. 55:27to the deadest, crappiest hour of the market;
  1628. 55:29I try to trade the Oceanic and Asian hours for you
  1629. 55:31because whatever works in such a dead time
  1630. 55:35will surely hold its own in London and New York
  1631. 55:37Meaning, if you want to test whether your systems
  1632. 55:41are solid or not,
  1633. 55:43go test your systems in these times
  1634. 55:45Take a slice and backtest it
  1635. 55:47See what's happening there
  1636. 55:49whether your system works or not
  1637. 55:51Because a system that only works in one time window
  1638. 55:55isn't a system
  1639. 55:57It's a fluke being done off the cuff
  1640. 55:59That's where you find out whether you have a system
  1641. 56:01or you're just building yourself
  1642. 56:03a few memories with the chart in one time window
  1643. 56:05with no system behind your work
  1644. 56:07Four more minutes until we reach 3 o'clock
  1645. 56:09and it might hit that before 3 arrives
  1646. 56:12That's why that safety margin before and after these windows becomes our security boundary for decision-making;
  1647. 56:19and I've made that decision now
  1648. 56:21What was my decision?
  1649. 56:23Half the trade at reward 2
  1650. 56:25half the trade at reward 3
  1651. 56:27and if I want to leave a trade open,
  1652. 56:29it has a $24 stop
  1653. 56:31to see whether, right at 3 o'clock, the time window opening up
  1654. 56:36moves in my direction or not
  1655. 56:38I go experience new behavior with the new time window
  1656. 56:42I already know what the story is
  1657. 56:45but I want you to see it — until you see it, you won't get what I'm saying
  1658. 56:48What's about to happen is that
  1659. 56:52when 3 o'clock opens,
  1660. 56:54very, very likely,
  1661. 56:57it's going to put in a high now
  1662. 56:59and I'll experience more profit
  1663. 57:01My only fact is the SP2L — it's come
  1664. 57:03from the peak of my SP2L
  1665. 57:05and wants to go hit my SP2L's target 1
  1666. 57:07right here
  1667. 57:08Meaning the target
  1668. 57:10is this point — give me the reward 5 here
  1669. 57:15Done and dusted;
  1670. 57:17that's my view for 3 o'clock sharp;
  1671. 57:19that's my prediction of the price
  1672. 57:21Now, could it not happen?
  1673. 57:23Nothing can... even if it doesn't happen,
  1674. 57:25because I
  1675. 57:26took my action beforehand;
  1676. 57:28I came and closed half... I closed at this one, half
  1677. 57:30and closed that one too
  1678. 57:31Now I stay and watch: did it deliver that SP2L?
  1679. 57:33If it did,
  1680. 57:34good for me;
  1681. 57:35I took that profit too
  1682. 57:36Meaning I put this
  1683. 57:37on
  1684. 57:38here — its reward 5
  1685. 57:40is here; it lands exactly here
  1686. 57:42If it didn't,
  1687. 57:44I still took my action
  1688. 57:45meaning I took my profit;
  1689. 57:46Right now
  1690. 57:4710 percent
  1691. 57:48of the account is in, all together; the rest
  1692. 57:50is just bonus
  1693. 57:5110 percent
  1694. 57:52is a really big number too — like, that's
  1695. 57:54a month's profit;
  1696. 57:5510 percent;
  1697. 57:56If I wanted to make 10 percent a month
  1698. 57:58say, I'd become a trader
  1699. 57:59on a five-thousand-dollar
  1700. 58:00account and go do other businesses;
  1701. 58:0210 percent
  1702. 58:03monthly
  1703. 58:04is
  1704. 58:05the number that's
  1705. 58:06my mental
  1706. 58:07ceiling
  1707. 58:08maximum
  1708. 58:09Beyond that I can't
  1709. 58:11push the size
  1710. 58:12of this profit any higher, say
  1711. 58:14because I know
  1712. 58:15five million dollars
  1713. 58:16six million dollars in this
  1714. 58:17account is enough for them;
  1715. 58:19say, five hundred thousand dollars profit a month;
  1716. 58:21yes
  1717. 58:22Now this differs for everyone, of course
  1718. 58:23and I hope
  1719. 58:25you've caught my meaning
  1720. 58:27This is a scientific fact; yes,
  1721. 58:28but on an investment account; not
  1722. 58:30on the five-thousand-dollar account I set up for teaching
  1723. 58:33where I can push it with multiple risks, win from it, win from it;
  1724. 58:36and a hundred-thousand-dollar account, I don't think,
  1725. 58:38is anything
  1726. 58:39far-fetched either
  1727. 58:40So 3 o'clock came;
  1728. 58:413 o'clock came and I'm waiting for that target;
  1729. 58:42Stop gets hit? You should love it
  1730. 58:44TP gets hit? You should love it
  1731. 58:46You have to love what you do
  1732. 58:48You love it when
  1733. 58:50you've done the work right;
  1734. 58:52Do the work right and you
  1735. 58:54won't even flinch. Look here, there
  1736. 58:56the first fifty where I got stopped out
  1737. 58:58and here I got stopped out one more time
  1738. 59:00You shouldn't even flinch;
  1739. 59:02You have to do
  1740. 59:04your job — take the trade
  1741. 59:06When I say you should love getting stopped out,
  1742. 59:08it's genuinely not a slogan
  1743. 59:10When you get
  1744. 59:12stopped out, you've paid a cost
  1745. 59:14to acquire data
  1746. 59:16And what is that data? In this trade
  1747. 59:18I traded in this style,
  1748. 59:20my trade went wrong
  1749. 59:22and over a hundred trades this becomes
  1750. 59:24an extremely valuable journal for you
  1751. 59:26that's absolutely priceless
  1752. 59:28That's why you should love both your profit and your loss
  1753. 59:30and that's really not a slogan
  1754. 59:32Love your work
  1755. 59:34because in practice this stop-out is the cost of data
  1756. 59:36you're paying so I can figure out whether this
  1757. 59:38trading style was okay or not
  1758. 59:40You shouldn't
  1759. 59:42flinch — you have to
  1760. 59:44do your job
  1761. 59:46Then it's 3:01;
  1762. 59:48there it is
  1763. 59:50and it's clear there too
  1764. 59:52the 3:01 candle
  1765. 59:54I hope the point has sunk in for you;
  1766. 59:56I'm not trading the 3 o'clock time window anymore;
  1767. 59:58Because
  1768. 1:00:00it hit 12 percent;
  1769. 1:00:02roughly 12 percent I think
  1770. 1:00:04or a bit more; it's ten percent — which we discussed
  1771. 1:00:06Ah, it's ten percent; that's the plan; enough
  1772. 1:00:08I wasn't going to trade anymore
  1773. 1:00:10If I was supposed to make 10 percent, let's
  1774. 1:00:12also set our exit point here
  1775. 1:00:14Watch its reaction
  1776. 1:00:16Within a fraction of a second, one minute
  1777. 1:00:18we lost two rewards
  1778. 1:00:20if our exit point hadn't been there
  1779. 1:00:22Where was the exit
  1780. 1:00:24point? The exit point was the SP2L
  1781. 1:00:26I said this SP2L is here
  1782. 1:00:28its target lands there
  1783. 1:00:30So at 3 o'clock
  1784. 1:00:32if it's going to hit it, it hits that
  1785. 1:00:34and then it dumps
  1786. 1:00:36All of this comes from
  1787. 1:00:38you having this structure
  1788. 1:00:40in your mind
  1789. 1:00:42If I hadn't closed here, and the target
  1790. 1:00:44wasn't here either
  1791. 1:00:46how much was I going to burn?
  1792. 1:00:48Financially, and
  1793. 1:00:50mentally; that same self-torment again
  1794. 1:00:52It's from not respecting
  1795. 1:00:54the structure. If you
  1796. 1:00:56respect it, you work like this —
  1797. 1:00:58millimeter-precise, clean, elegant
  1798. 1:01:00If you don't respect it,
  1799. 1:01:02the market couldn't care less
  1800. 1:01:04what you're doing over there
  1801. 1:01:06The market doesn't even see me
  1802. 1:01:08Look at the global price
  1803. 1:01:10of gold; the global price of gold
  1804. 1:01:12eight billion people
  1805. 1:01:14Who on earth cares where I
  1806. 1:01:16had or hadn't placed a trade?
  1807. 1:01:18Folks, I don't think at the level of Iran —
  1808. 1:01:20where this stuff isn't even discussed
  1809. 1:01:22in the Iranian scene —
  1810. 1:01:24or even at the global level, will you see this detail;
  1811. 1:01:26Why?
  1812. 1:01:28I don't think anyone at the global level either would come
  1813. 1:01:30with this kind of meticulous care;
  1814. 1:01:32No strings attached, but really do use it
  1815. 1:01:34I swear, when I was starting out,
  1816. 1:01:36if someone had taught me like this
  1817. 1:01:40I don't even know where I'd be
  1818. 1:01:42But for me,
  1819. 1:01:44my time was spent before I could work like this
  1820. 1:01:46and I went through a lot of hardship
  1821. 1:01:48And because of
  1822. 1:01:50that, I don't want my fellow countrymen
  1823. 1:01:52to somehow repeat the hardships I went through
  1824. 1:01:54We're suffering enough in Iran as it is;
  1825. 1:01:56I mean, you are
  1826. 1:01:58Now, unfortunately and fortunately, they forced us to emigrate
  1827. 1:02:00in the sense that, for basic things like
  1828. 1:02:02proper internet and such,
  1829. 1:02:04so I could be somewhere where I can work in peace
  1830. 1:02:06where my internet doesn't cut out at 3 o'clock, my power doesn't go out, that stuff
  1831. 1:02:08I left; but we should help
  1832. 1:02:10so everyone can use this information
  1833. 1:02:12And if you think someone needs to learn,
  1834. 1:02:14please send this material
  1835. 1:02:16to them
  1836. 1:02:18Me, who with an open heart, with both hands,
  1837. 1:02:21am offering you my heart along with this information —
  1838. 1:02:24don't you be stingy about introducing this information to others
  1839. 1:02:27So try to tell anyone who needs these lessons
  1840. 1:02:31Send it to them so they can use it; it's really beautiful,
  1841. 1:02:33really beautiful
  1842. 1:02:34Off to bed;
  1843. 1:02:36this was the state of our work today
  1844. 1:02:38and that's it; love you all, my respects
  1845. 1:02:40On with the rest of the video
  1846. 1:02:42The point I want you to pay attention to is that
  1847. 1:02:46when we see a pattern at some level
  1848. 1:02:48see it at some time
  1849. 1:02:50see it on some symbol
  1850. 1:02:52it really matters that on that symbol
  1851. 1:02:54for example, when it breaks out
  1852. 1:02:56puts in highs and lows, builds a pullback
  1853. 1:02:58reacts to its moving average
  1854. 1:03:00whatever is happening to it
  1855. 1:03:02our core question here has to be:
  1856. 1:03:04this symbol, right now —
  1857. 1:03:06at what time did this happen?
  1858. 1:03:08Is this event on this symbol
  1859. 1:03:10inside the range of this symbol's
  1860. 1:03:12high-quality time window
  1861. 1:03:14or is it in this symbol's low-quality time window?
  1862. 1:03:16Because as you saw yourselves
  1863. 1:03:18when we work on the Dow in the 2–3 range, say,
  1864. 1:03:20it's really low quality
  1865. 1:03:22but the same thing, when we work it at 17:30, 16:30, 18:00,
  1866. 1:03:26has high quality
  1867. 1:03:28Just like the behavior we had on gold
  1868. 1:03:30in those time ranges I introduced to you
  1869. 1:03:32Gold is very global; gold is active 24 hours
  1870. 1:03:34So pay close attention to
  1871. 1:03:36which pattern you're going to see where
  1872. 1:03:38and at what time you should see it
  1873. 1:03:40How does time give weight to price behavior?
  1874. 1:03:42What does that mean? It means when in the morning
  1875. 1:03:44at broker time 7:30 AM
  1876. 1:03:467 AM, or say 8:30 AM
  1877. 1:03:48you see, say, a pin bar or an engulfing
  1878. 1:03:50on the US Dow, copy it
  1879. 1:03:52pixel by pixel
  1880. 1:03:54and place it at, say, broker time
  1881. 1:03:5618:30, which is, say,
  1882. 1:03:5811:30 New York's own time
  1883. 1:04:00New York itself — this pixel-by-pixel copying
  1884. 1:04:02means what? It means I have two patterns
  1885. 1:04:04with two different meanings
  1886. 1:04:06Meaning it's time that gives us the weight
  1887. 1:04:08of whether this setup and this trigger works at this hour or not
  1888. 1:04:12And you learn its probability of working through your backtesting —
  1889. 1:04:14how much a setup
  1890. 1:04:16can be valuable at one time
  1891. 1:04:18and worthless at another
  1892. 1:04:20Behind the first pattern, formed in the morning,
  1893. 1:04:22there's a bunch of sleepy algorithms
  1894. 1:04:24but behind the second one,
  1895. 1:04:26all of New York is standing
  1896. 1:04:28with their money. The pros' question isn't "what happened"
  1897. 1:04:30Their question is "when did what happen"
  1898. 1:04:32Now, based on the principles and time-based prioritization,
  1899. 1:04:34if we want to have a scoring system
  1900. 1:04:36for which setup to work with, the core of it
  1901. 1:04:38is whether that setup satisfies time,
  1902. 1:04:40whether it satisfies
  1903. 1:04:42the level,
  1904. 1:04:44and more importantly than that,
  1905. 1:04:46whether it has a price action pattern or a backtestable trigger or not —
  1906. 1:04:52or whether you're trading off the cuff. This is really important
  1907. 1:04:54because we have that price action trigger in all of these weighting levels
  1908. 1:04:59Meaning you can work based on time and price action without a level
  1909. 1:05:03or you can work based on level and price action without time — but that's the third priority
  1910. 1:05:09its score is lower than the ideal case above
  1911. 1:05:12Or you can work on price action alone — but that's, say, priority one, this is two, this is three, this is four
  1912. 1:05:19But time and level alone combined — since you've removed price action from it, you've practically made it un-backtestable
  1913. 1:05:27and the thing that gives weight to all of these is the price trigger
  1914. 1:05:31so that you know what trigger you're going to trade with, because you can backtest it
  1915. 1:05:35Now, the higher this signal's priority, the higher the probability that in the next time window price moves in its direction
  1916. 1:05:45Meaning when you work with a combination of these in this time window, the probability that the next time window follows you is higher
  1917. 1:05:53and you take higher rewards, a higher RR
  1918. 1:05:56But if you work with price action alone, say, the odds of taking profit here are good
  1919. 1:06:01but the odds of the next one following you are lower, because you haven't considered the whole set
  1920. 1:06:07That was a really killer point I wanted you to pay attention to in this slide
  1921. 1:06:11Meaning it's the combination of these that lets you, over a trading day, take a trade
  1922. 1:06:18where the price is likely to move in your direction with a higher probability
  1923. 1:06:23The takeaway I want you to have from this is that our trading signals
  1924. 1:06:27don't get deleted — they get prioritized, from bottom to top
  1925. 1:06:31Folks, personally, half of my life's losses weren't from wrong analysis
  1926. 1:06:35They were from FOMO
  1927. 1:06:37Meaning jumping into a trade too early
  1928. 1:06:39Why? Because I thought if I jumped in early, I wouldn't miss that trigger
  1929. 1:06:44And in some spots I still do it
  1930. 1:06:46but I try to control it
  1931. 1:06:48And once we understand that time gives weight to price action
  1932. 1:06:50and there's no such thing as a last signal,
  1933. 1:06:54there's no last train anymore either
  1934. 1:06:56There's a series of trains arriving one after another, on schedule
  1935. 1:06:59and you can get on or not
  1936. 1:07:01And that way FOMO just dies completely
  1937. 1:07:03There's no FOMO left for them
  1938. 1:07:05Now, in the stages of designing the trading system you'll have for yourself,
  1939. 1:07:08personally, you need to come learn the important hours of that symbol
  1940. 1:07:12which by now I've pretty much signaled to you how the story goes
  1941. 1:07:16And then come with the levels you're comfortable with —
  1942. 1:07:18whether it's the weekly map, horizontal levels, the previous high and low, whatever it is —
  1943. 1:07:22be comfortable with it, be able to work with it — that's really important
  1944. 1:07:25And if you want, use a personal level of your own too
  1945. 1:07:29Meaning in the backtest we did on, say, pound
  1946. 1:07:32against dollar, the previous day's 75 percent level matters to me
  1947. 1:07:36Well, come do your work on that 75 percent
  1948. 1:07:38There's no absolute gospel in this market
  1949. 1:07:41because the market is built on probabilities
  1950. 1:07:43Now, the point to note here is that
  1951. 1:07:45a lot of people go through these three stages
  1952. 1:07:47meaning they work on a good hour, derive levels,
  1953. 1:07:50derive personal levels too, but
  1954. 1:07:52this is where they fail
  1955. 1:07:54meaning they don't follow the proper price action trigger
  1956. 1:07:57at execution time, they're literally trading off the cuff
  1957. 1:08:01and that practically takes you out of trading and into gaming
  1958. 1:08:05you're playing a game
  1959. 1:08:07the moment things slip out of your control somewhere in this market, you're out
  1960. 1:08:11practically speaking, you're not
  1961. 1:08:13trading when your trading actions can't be measured or backtested
  1962. 1:08:18because when you work off the cuff
  1963. 1:08:20one day you take a trade and your entry point lands here
  1964. 1:08:23another day you take a trade and your entry lands there
  1965. 1:08:25there's no proper standard for your entry point
  1966. 1:08:28you're practically working off the cuff, and working on pure luck
  1967. 1:08:32makes no difference from what you're doing
  1968. 1:08:34and scientifically, whatever can't be measured
  1969. 1:08:38can't be optimized
  1970. 1:08:40and whatever can't be optimized
  1971. 1:08:42can't be repeated
  1972. 1:08:44and what does this have to do with trading?
  1973. 1:08:46the connection is that when a trader trades off the cuff
  1974. 1:08:49the market... the market opens at 16:30,
  1975. 1:08:51you take a trade off the cuff
  1976. 1:08:52say night comes, you want to take another off-the-cuff trade
  1977. 1:08:55you're practically doing something unmeasurable
  1978. 1:08:59and even if you journal
  1979. 1:09:01it, since it's unmeasurable, since it was done off the cuff
  1980. 1:09:04even the profit you make is of no use to you
  1981. 1:09:06because your profit was also unmeasurable and impossible to improve
  1982. 1:09:10and you're practically gambling;
  1983. 1:09:12you're not trading; you're placing bets
  1984. 1:09:14because when it's measurable, trading becomes
  1985. 1:09:18a form that can be optimized and improved
  1986. 1:09:21but in that off-the-cuff trading mode
  1987. 1:09:23it's a state where you're just doing things at random
  1988. 1:09:25nothing stops you
  1989. 1:09:27but at the end, it's nothing
  1990. 1:09:29now if we want to lay out the mental model of trading within the framework of time together
  1991. 1:09:33it's that once you first understand time, you've passed the first stage
  1992. 1:09:37and after that you worked on the right levels
  1993. 1:09:39and after that you came and
  1994. 1:09:41applied price action on those levels
  1995. 1:09:45meaning you watched the price behavior on them
  1996. 1:09:47you see, you should go this way down the path
  1997. 1:09:49going the other way is what drags your performance down
  1998. 1:09:52now if I want to describe a trader's path from amateur to professional level, what does it look like
  1999. 1:09:57it's that in the first stage, you work a single daily window in your day trading
  2000. 1:10:02meaning you come and say, okay, the market opened today
  2001. 1:10:05I can take some trades starting from, say, the Tokyo time
  2002. 1:10:08and set a target, and if it hits, it hits; if not, nothing — but they get stopped out there
  2003. 1:10:13or you may not look at the time windows at all
  2004. 1:10:16but in the second stage, when someone gets a bit more professional
  2005. 1:10:19they know that sessions exist — not just that a session exists
  2006. 1:10:22we call that person more professional because we know that when they take a trade here
  2007. 1:10:27they close it here, or if they take a trade here, they close it at breakeven here
  2008. 1:10:31or they perform the management actions on that trade
  2009. 1:10:35and they know these have different time windows — knowing this alone doesn't give you any special edge until you go write strategies for each session
  2010. 1:10:44now the next layer of being professional looks like this: they work a single session, they say, look, I completely ignore that session
  2011. 1:10:49I come and work on this single-session single window
  2012. 1:10:52meaning I pick one session's window and focus on it
  2013. 1:10:56this is where becoming a professional trader begins — more and more
  2014. 1:11:01but after a while, the returns this gives you aren't returns that bring you a very high income
  2015. 1:11:07that's usually the single-window case, because you miss days — look, human life isn't such that you can do something here every single day
  2016. 1:11:17you're human; over the 24 hours of the day, because your mental and emotional state gets worn down, you shouldn't force yourself to work within one fixed time range
  2017. 1:11:26you should become professional enough to have the ability to work multiple windows within one session
  2018. 1:11:32meaning you know: I have a window here, a window there, and I've worked on them so much
  2019. 1:11:40backtested them so much, that I know how each one behaves — so if one
  2020. 1:11:44day my mental state is bad and I can't do this one, I can do that one
  2021. 1:11:49I can do this one, because the behavior in all of them is roughly the same on that symbol
  2022. 1:11:54but what makes them different is their energy in these windows
  2023. 1:12:00guys, the market really isn't your biggest enemy
  2024. 1:12:02your biggest enemy, in my view, time-wise, is those forced time windows
  2025. 1:12:06that you've probably built for yourselves
  2026. 1:12:08like, let me go work the edge between, say, New York and London
  2027. 1:12:12no; let me work right at 16:30
  2028. 1:12:14because it's practically something unmeasurable and unimprovable — it's practically not trading
  2029. 1:12:21it's a method where you can, say, right at 16:30, or by flipping a coin, grab a tiny profit
  2030. 1:12:27but you can't improve that profit, you can't grow it big enough to make a good profit from it
  2031. 1:12:34because you can't take on high risk on that first swing of the market
  2032. 1:12:39since you have no trust in this unmeasurable system
  2033. 1:12:43so you're forced to trade with a very
  2034. 1:12:46small size — a hundred dollars, two hundred dollars a day — no; even making a hundred dollars a day is fine
  2035. 1:12:50but what matters is that this system is consistent
  2036. 1:12:53with a week or two of making mistakes and forcing yourself to sit at the chart in a bad state
  2037. 1:12:58you've built a prison where I have to be inside this prison at a fixed hour
  2038. 1:13:03so that in a market based on probabilities I can gamble with it and call it trading
  2039. 1:13:08when you force yourself to be there at one specific hour, on one specific time window
  2040. 1:13:13you've practically built a prison, where even on the days you feel bad, you force yourself to work in that time
  2041. 1:13:19when you feel bad and you sit down at the chart, from that very moment
  2042. 1:13:24meaning being single-window becomes a prison; knowing multiple windows and working them properly
  2043. 1:13:30becomes a trader's true freedom
  2044. 1:13:32now if we want to go one level deeper, the level I'd love you to reach
  2045. 1:13:36is that you can work multiple windows across multiple sessions
  2046. 1:13:39the same thing I do for you in all the videos
  2047. 1:13:42I mean look — for me right now it's, say, the Oceania session; if you've noticed, I take trades here for you
  2048. 1:13:47even the Asia session hasn't opened yet
  2049. 1:13:49the reason I even go work these times is — look, when someone comes and works in this lousy time window
  2050. 1:13:55then those main time windows become practically doable for them, and that's practically the good layer
  2051. 1:14:01now there's one layer below this too, which is the exact time marks between these — and honestly, I don't expect you to reach that level for now
  2052. 1:14:09for at least the first ten years of your trading, you shouldn't even think about working in more detail than this
  2053. 1:14:14just having your view shift to this view is itself a sign you've taken the right path, even if you don't go work on it
  2054. 1:14:21just knowing that such a thing exists, and that your view of the market should look like this in day trading
  2055. 1:14:28because you gain full control over time — meaning it no longer matters to you what time it is
  2056. 1:14:34whether it's 2 a.m., 5, or 7 in the morning — once you have this perspective
  2057. 1:14:40you can trade in all the time windows, as long as you have the backtest for them
  2058. 1:14:44because you're armed with the weapon of time analysis knowledge, price action knowledge in the form of triggers, and
  2059. 1:14:55knowledge of horizontal levels — like this, with these three kinds of knowledge and the combination of these three trading principles, you can increase your performance, okay;
  2060. 1:15:04to help you understand the material better, I've built you an indicator called Session Windows Pro
  2061. 1:15:08which I'll put on my website for you to download
  2062. 1:15:10I've included different modes for you to help you grasp the material better
  2063. 1:15:14add it to the chart — this first menu is its most important part
  2064. 1:15:17in the first mode, what does it
  2065. 1:15:19do — it plots those three main sessions,
  2066. 1:15:22that global view everyone knows, for you — let me
  2067. 1:15:24pull it over a bit — this point here is midnight
  2068. 1:15:26on Thursday, and here is midnight on
  2069. 1:15:28Friday
  2070. 1:15:29that means one trading day
  2071. 1:15:31and it's put the hours here for you: the Asia, London, and New York sessions
  2072. 1:15:34this global mode is for those who — for now, the guys who are more amateur — to get a feel for what a session looks like
  2073. 1:15:39its next mode is the New York mode, which plots 16:30 for you
  2074. 1:15:43it plots that first New York session for you, for those who want to work on it
  2075. 1:15:45its next mode is the 18-to-21 mode, the mode after that is 21 to 23
  2076. 1:15:49and then the next opens the first window of the market — say, London — for you
  2077. 1:15:53and the main mode is that last one, where all of today's material is included
  2078. 1:15:57in that last full mode, it plots all eleven windows for you
  2079. 1:16:01and the points I have in mind, right on it
  2080. 1:16:04look; as a practice exercise, the market opens in one more minute
  2081. 1:16:07I timed it exactly for when the market opens, so we can go through the open together
  2082. 1:16:11and those various time points: 1, 2:30, 3, 4, 8, 9, and 10 to 13
  2083. 1:16:15the 13-to-15:30 time window, then to 16:30, then to 18
  2084. 1:16:1918 to 21
  2085. 1:16:21and the points — the points — there's also an 18:30 here that I'll work with you on later
  2086. 1:16:24for now, just keep these in mind
  2087. 1:16:26alright; before you go download the indicator
  2088. 1:16:28let me tell you: this indicator is not going to give you buy and sell signals
  2089. 1:16:30this indicator only tells you
  2090. 1:16:32those important hours you need to pay attention to
  2091. 1:16:34where the time windows and time points coming into the market are
  2092. 1:16:37and once you've mastered it, try to delete it;
  2093. 1:16:40or keep only the time points on the chart — I've
  2094. 1:16:42set its settings up for you; on mode seven
  2095. 1:16:44it plots only the time points for you
  2096. 1:16:46because a good indicator, a good tool,
  2097. 1:16:48is a tool you eventually don't need anymore
  2098. 1:16:50the last point I want you to pay
  2099. 1:16:52attention to: the news, and well, the fundamentals too,
  2100. 1:16:54are factored into this system
  2101. 1:16:56automatically — I mean, the market
  2102. 1:16:58opened, a move
  2103. 1:17:00came — look guys, this itself is the 15:30 time point
  2104. 1:17:02meaning you don't even need to think
  2105. 1:17:04ahead of time — in a way, Forex Factory is also covered
  2106. 1:17:06in this expert — in this indicator; sorry
  2107. 1:17:08guys, first let's work through this state once together without these
  2108. 1:17:10look, what you're seeing right now is this
  2109. 1:17:12without the time perspective, without this view
  2110. 1:17:14up until now you'd been looking at the market li... up until now you'd been looking at the
  2111. 1:17:16market like this — your greatest masterpiece was going into the sessions, and the best of it was, say, that overlap between the London and New York sessions, which is a very global thing that exists
  2112. 1:17:23but now you're armed with a weapon that, when you throw it on the chart — of course this is for practice, it's not meant to stay on your chart forever cluttering
  2113. 1:17:30it up — it's just meant to get your eye familiar with the story
  2114. 1:17:33now I'll tell you what the practice looks like
  2115. 1:17:35look, I now have the Oceania time window from 0 to 2:30 — see, here it's formed a flag for me, and right at 3 it starts breaking out for me
  2116. 1:17:45now what do I see here — I see an SP2L here
  2117. 1:17:47I have a gap here, and here's its SP2L
  2118. 1:17:49which activated it here and gave me its target one
  2119. 1:17:52see, when target one hits, its box is practically ticked
  2120. 1:17:55once again, to open up your mind, I'll plot things one more
  2121. 1:17:59round — I'll plot all the SP2Ls now — to save your time, I'll cut the video
  2122. 1:18:03I'll plot all these SP2Ls
  2123. 1:18:05how did we identify the SP2Ls? the gap that existed
  2124. 1:18:07we'd come to the first pullback after it and could have our entry trigger
  2125. 1:18:11stop loss behind here, and target one through two — with
  2126. 1:18:13one, we practically gauge its probability of success; with
  2127. 1:18:16two, we take our reward
  2128. 1:18:18up to — mashallah — say this SP2L even ran to its target nine, all the way here
  2129. 1:18:21okay, these ones I've drawn for you — see, all these SP2Ls within this trend
  2130. 1:18:25came and delivered their targets
  2131. 1:18:27see, like this — and where we would have been stopped out was this last SP2L
  2132. 1:18:36which got stopped out from here
  2133. 1:18:37we know our view of the story has to be price-action-based
  2134. 1:18:40meaning I now want to consolidate everything we've discussed together
  2135. 1:18:43that's its SP2Ls; just so you have a picture of what the trend looked like and how we can take profit on SP2Ls
  2136. 1:18:48take it — apart from the pro BTBs that existed, apart from the micro-maps that were here, a lot of reward could have been taken
  2137. 1:18:53now I want to go into combining price action, the time window, and SP2L
  2138. 1:18:56okay, the price action view I want to share with you
  2139. 1:18:58is this: see, the time win... the time window that formed for me from 3 o'clock started building a downtrend
  2140. 1:19:03which broke with an SP2L from down here — at what time did it break? right at 4 o'clock
  2141. 1:19:08at what time did it break down here? after the window-three time window opened
  2142. 1:19:12so when I know there's a 4 o'clock time window, a 4 o'clock time point
  2143. 1:19:16a 2:30-to-3 where a trend reversal and scoring points is possible
  2144. 1:19:20then here I know: this is where I have to manage my trade
  2145. 1:19:23how — I either close it, or reduce its size, or set it to risk-free, or accept that if it got stopped out, it was because
  2146. 1:19:30a new time window and time point was entering the market
  2147. 1:19:33like this: if I come and draw a trendline from this point — and you know why from this point, price action folks
  2148. 1:19:38why we have to draw our trendline from this one, which is truly the most basic thing — we shouldn't draw the trendline from this low; you should draw it from this to this
  2149. 1:19:46and if I extend it to the end of the day, I have a very simple ruler on the chart, meaning
  2150. 1:19:50just so you see how much of a terrifyingly powerful thing you can build by combining these topics
  2151. 1:19:55and if I bring its upper level — its upper channel — and place it on that upper channel, I can practically obtain my overbought points
  2152. 1:20:05meaning when I come and reach this point, I know I'm practically entering a buying zone where, if it breaks here, my channel can still have trend continuation
  2153. 1:20:15now what do I have here — I've entered the 8-to-9 time window, so practically, when an SP2L forms after this, it matters to me
  2154. 1:20:23and I have to treat this strategy separately — meaning I practically say: the SP2L that formed in the 8-to-9 time window, which I entered on and even waited through the 9 time point for
  2155. 1:20:34now it reaches a point where it sees: I've reached the 10 time point, and here I've practically also reached this channel's overbought level
  2156. 1:20:40as long as this hasn't broken through this high and hasn't given me its uptrend, what does it count as for me?
  2157. 1:20:44it counts as a correction within this channel
  2158. 1:20:46as long as it doesn't want to build a range inside this channel or turn bearish
  2159. 1:20:50now, a really interesting point I want to teach you: that state when I was in the market
  2160. 1:20:55meaning it was 10 in the morning — had this formed yet? no
  2161. 1:20:58so what was I seeing here? from this point to this point, I was seeing this
  2162. 1:21:03I was seeing this
  2163. 1:21:04practically, I was seeing a rising wedge approaching its overbought points
  2164. 1:21:10now what do I see? when I extend this
  2165. 1:21:12I can practically have the reversal time points too, with very high precision
  2166. 1:21:17so what do I practically have? I have price action
  2167. 1:21:19which, with these two correctly drawn trendlines
  2168. 1:21:21it's enough for me to have this good time point of mine
  2169. 1:21:24when NFP is
  2170. 1:21:26coming — NFP, guys; if you've been at this a couple of days
  2171. 1:21:30but I know the confluence of this price with this time
  2172. 1:21:33mattered to me in advance, from back when I was here
  2173. 1:21:37and look, the market comes here and touches this like so
  2174. 1:21:39this zone
  2175. 1:21:40and builds a pin bar from here and goes up
  2176. 1:21:42and again, I don't expect you to come work this right now
  2177. 1:21:46again, I want to dig into it
  2178. 1:21:47up to here we were in London
  2179. 1:21:48now we want to go see
  2180. 1:21:50what we had after this news
  2181. 1:21:51where does the time window serve me
  2182. 1:21:53and this time window — when I have the news time point
  2183. 1:21:56when this comes, I shouldn't treat this
  2184. 1:21:58as an SP2L that has come
  2185. 1:21:59and wants to have its next trend —
  2186. 1:22:01it can have one
  2187. 1:22:02not that it can't
  2188. 1:22:03but it doesn't matter to me at all to come
  2189. 1:22:05take an entry point here
  2190. 1:22:07what use is it to me at all
  2191. 1:22:08to put an entry point here
  2192. 1:22:10fine, or pick it up and put it there
  2193. 1:22:12I should work the opposite of it
  2194. 1:22:13when I see that price
  2195. 1:22:14has had its whole trend since the morning
  2196. 1:22:17and has come up to a high level and gapped
  2197. 1:22:20this counts as an exhaustion gap for me
  2198. 1:22:22and throughout the whole day, up until right now when the market opened
  2199. 1:22:26we've been moving inside this same exhaustion gap
  2200. 1:22:28and me, the trader working the 16:30 level
  2201. 1:22:30I come in with a concept like this
  2202. 1:22:32I saw this
  2203. 1:22:33this time window serves me here, when
  2204. 1:22:34I'm working 16:30
  2205. 1:22:36I'm seeing that in the 15:30-to-16:30
  2206. 1:22:39time window I had a spike that was probably an exhaustion gap
  2207. 1:22:42and I had a negative SP2L pattern
  2208. 1:22:44which by itself gives me its R1 by the end of the day
  2209. 1:22:48look
  2210. 1:22:49how beautifully it's
  2211. 1:22:51working — let me erase this
  2212. 1:22:52from that point it comes straight for me
  2213. 1:22:54and builds a BTB point
  2214. 1:22:56like this
  2215. 1:22:57because I know this is an exhaustion gap
  2216. 1:22:58and the odds of it going up are much harder
  2217. 1:23:00than of it dumping
  2218. 1:23:01I come and turn seller at this point
  2219. 1:23:03meaning the person who came and placed a sell limit at this point
  2220. 1:23:07got their R2 within these very next few candles
  2221. 1:23:09and if they were waiting for confirmation
  2222. 1:23:12it comes down here
  2223. 1:23:13and activates their trade
  2224. 1:23:15meaning this becomes their confirmation
  2225. 1:23:16the way it works is that
  2226. 1:23:18practically their entry point becomes this
  2227. 1:23:19instead of it being this
  2228. 1:23:20it becomes this
  2229. 1:23:21so we had two entry models, right
  2230. 1:23:23in both cases
  2231. 1:23:24it does its job
  2232. 1:23:25now, isn't this its leg one, leg two
  2233. 1:23:27if I know price action
  2234. 1:23:29this high has been broken
  2235. 1:23:30and this extends
  2236. 1:23:31forward; look
  2237. 1:23:32these are all interwoven structures
  2238. 1:23:34and this isn't just analyzing
  2239. 1:23:36the past — I know that in the future
  2240. 1:23:37we can do our work
  2241. 1:23:38and right now our profit is sixty-seventy; let's let it ride
  2242. 1:23:40now this is the case where we let it grow
  2243. 1:23:41and set it aside for charity
  2244. 1:23:42now I've come
  2245. 1:23:43and I want to work the 18-to-twenty — to
  2246. 1:23:4521 time window
  2247. 1:23:46what do I do?
  2248. 1:23:48I come and see that a leg one, leg two has formed
  2249. 1:23:50and this trend is still a downtrend
  2250. 1:23:51why? because it's printed lower highs here
  2251. 1:23:53when it was printing lower highs
  2252. 1:23:55it means my uptrend
  2253. 1:23:56has practically weakened
  2254. 1:23:58so I come back into this zone
  2255. 1:23:59if this is a BTB
  2256. 1:24:01I look for a BTB in this zone
  2257. 1:24:03which, mind you, did get close
  2258. 1:24:05but if they wanted to enter with a limit
  2259. 1:24:06they couldn't have
  2260. 1:24:07but if they wanted to enter with
  2261. 1:24:09confirmation
  2262. 1:24:10this is its confirmation
  2263. 1:24:11which in fact this itself
  2264. 1:24:13is an SP2L, guys
  2265. 1:24:14see how insane the structure is if
  2266. 1:24:17you just, with a relaxed mind,
  2267. 1:24:19with an open view,
  2268. 1:24:20through the lens of
  2269. 1:24:22price action, SP2L,
  2270. 1:24:23the time window,
  2271. 1:24:24combine them all together
  2272. 1:24:26you'll see it becomes something powerful
  2273. 1:24:27really something where
  2274. 1:24:29at any moment you can
  2275. 1:24:30do work in it
  2276. 1:24:31and that's exactly why
  2277. 1:24:32for example, I do nothing here
  2278. 1:24:33I mean, working here
  2279. 1:24:34is so
  2280. 1:24:35easy that I can promise you
  2281. 1:24:37that I'll come, say, right here and
  2282. 1:24:38live trade for you — I'll come
  2283. 1:24:39take an action, say,
  2284. 1:24:40somewhere that's really beat up
  2285. 1:24:42where nobody trades anymore
  2286. 1:24:43at least not enough to be
  2287. 1:24:43chasing decent profit
  2288. 1:24:44and again we move forward
  2289. 1:24:45to the next time window
  2290. 1:24:47look; exactly inside this same
  2291. 1:24:4818-to-21 time
  2292. 1:24:49window
  2293. 1:24:50it comes and
  2294. 1:24:50builds this trend
  2295. 1:24:51reaches this low
  2296. 1:24:52meaning, if these time windows
  2297. 1:24:53were wrong
  2298. 1:24:54this trend
  2299. 1:24:55wouldn't have started from this point
  2300. 1:24:56only to end right here
  2301. 1:24:57look
  2302. 1:24:57this was practically the end of this move
  2303. 1:25:00and again from 8
  2304. 1:25:01a trend formed
  2305. 1:25:02which was also supported in the
  2306. 1:25:039-to-10 time window
  2307. 1:25:05look
  2308. 1:25:05this and this
  2309. 1:25:07and if the one who wasn't managing
  2310. 1:25:08their trade here
  2311. 1:25:09in the live market
  2312. 1:25:10they'd probably have gotten a bit
  2313. 1:25:11scared by this
  2314. 1:25:12and exited with less profit
  2315. 1:25:14but the one who has understood
  2316. 1:25:15what a time window is
  2317. 1:25:16knows that the 10 o'clock
  2318. 1:25:17time window has entered the market
  2319. 1:25:18it can come
  2320. 1:25:19form this pattern
  2321. 1:25:20and they see this pattern
  2322. 1:25:21and when they see an SP2L
  2323. 1:25:22in its direction
  2324. 1:25:23they can enter with peace of mind
  2325. 1:25:25and its R1...
  2326. 1:25:26see guys, these
  2327. 1:25:27are really not coincidences
  2328. 1:25:28I'm not saying at all
  2329. 1:25:29that you should act on my words
  2330. 1:25:30you have to go
  2331. 1:25:31test it
  2332. 1:25:32see what this guy even said
  2333. 1:25:32did he say it right
  2334. 1:25:33was he telling the truth
  2335. 1:25:33did he get it wrong
  2336. 1:25:34what did he say
  2337. 1:25:35then go do
  2338. 1:25:35forward testing
  2339. 1:25:36see
  2340. 1:25:37whether you can work
  2341. 1:25:38with it or not
  2342. 1:25:38that's where you can
  2343. 1:25:39see the miracles, little by little, and
  2344. 1:25:41the very reason you see —
  2345. 1:25:42guys, the time window
  2346. 1:25:4313:00 to 15:30 —
  2347. 1:25:44and look how strange it gets here
  2348. 1:25:46that's because
  2349. 1:25:46we know
  2350. 1:25:47that the 15:30 time point
  2351. 1:25:48is probably very important for us
  2352. 1:25:49and honestly the entry
  2353. 1:25:51and exit point here makes no difference
  2354. 1:25:52I mean, whoever entered here
  2355. 1:25:53wasted two hours of their life
  2356. 1:25:55but whoever entered here
  2357. 1:25:57in this time window
  2358. 1:25:57or in that other time window —
  2359. 1:25:58whoever entered here
  2360. 1:25:59had their strategy
  2361. 1:26:01ready beforehand and could work comfortably
  2362. 1:26:02in this time window
  2363. 1:26:03and again
  2364. 1:26:04look
  2365. 1:26:05when the 20:00 time point
  2366. 1:26:06confluence comes along
  2367. 1:26:07it overlaps
  2368. 1:26:08with price reaching the bottom
  2369. 1:26:10of this trading range that's formed
  2370. 1:26:12which practically
  2371. 1:26:12can be a good entry point
  2372. 1:26:14for
  2373. 1:26:15a scalp; for scalpers
  2374. 1:26:16who want to enter here
  2375. 1:26:17with an SP2L
  2376. 1:26:17entry
  2377. 1:26:19those who entered here with SP2L
  2378. 1:26:20have already taken profit by now
  2379. 1:26:21guys
  2380. 1:26:21just now while I
  2381. 1:26:22was talking
  2382. 1:26:23those who wanted to
  2383. 1:26:24enter here with SP2L
  2384. 1:26:25using this limit order
  2385. 1:26:27by now
  2386. 1:26:27they've taken R1 once
  2387. 1:26:29taken R1 twice
  2388. 1:26:29and just now
  2389. 1:26:30while I was speaking
  2390. 1:26:31they took their third
  2391. 1:26:33R1 too — those who wanted to enter
  2392. 1:26:35on this SP2L
  2393. 1:26:35saw its wicks
  2394. 1:26:36saw the context
  2395. 1:26:37know the time points
  2396. 1:26:39they know that most likely
  2397. 1:26:40when during New York time
  2398. 1:26:42an SP2L has formed here for me
  2399. 1:26:44it can be significant
  2400. 1:26:45enough that I can at least take R1
  2401. 1:26:47or even if I don't want to trade
  2402. 1:26:49I know this is probably the time that
  2403. 1:26:52carries the probability of a reversal for me
  2404. 1:26:53so they don't sell here either
  2405. 1:26:55meaning even if they don't take a buy
  2406. 1:26:56they don't sell here either
  2407. 1:26:57with these wicks
  2408. 1:26:58they preferably either take a buy
  2409. 1:26:59or do nothing at all
  2410. 1:27:00practically, from the previous time window
  2411. 1:27:02we carry them into the next time window
  2412. 1:27:04and these time windows
  2413. 1:27:06combined with SP2L
  2414. 1:27:07and combined with the price action
  2415. 1:27:09we worked on together
  2416. 1:27:10in the comprehensive trading course
  2417. 1:27:11look, it builds something powerful
  2418. 1:27:12and honestly, if you need anything beyond this
  2419. 1:27:15to go learn
  2420. 1:27:16it makes no difference to me whether you
  2421. 1:27:17get more training or not — we have thousands of technical topics
  2422. 1:27:22but go wander around in circles
  2423. 1:27:24and come back
  2424. 1:27:25you'll arrive at this same point where
  2425. 1:27:26you'll look at the chart exactly like this
  2426. 1:27:28if you want to become a technician
  2427. 1:27:30in
  2428. 1:27:31day trading — multi-day trading is a slightly different story
  2429. 1:27:33it still uses these same things
  2430. 1:27:34but its time window models are different
  2431. 1:27:36investing is a different story too
  2432. 1:27:37you shouldn't work this way at all
  2433. 1:27:39when it comes to investing
  2434. 1:27:40I hope the material is complete for you now
  2435. 1:27:41because the video is getting really long
  2436. 1:27:43I have to wrap it up somewhere
  2437. 1:27:45and go summarize the material for you on the video
  2438. 1:27:47I'll send this $613, following our usual routine,
  2439. 1:27:50to either
  2440. 1:27:51the EB patients
  2441. 1:27:53or freeing imprisoned debtors
  2442. 1:27:55and I'll put the receipt for you later in the video
  2443. 1:27:57well, as I was packing up
  2444. 1:27:58to go to sleep, I saw $613
  2445. 1:28:00is too little for the charity
  2446. 1:28:02I said let's wait for this upcoming
  2447. 1:28:04time point — the 2:30 time point
  2448. 1:28:06at this time point I'll round this number
  2449. 1:28:07up by another thousand; let's put a thousand more toward charity
  2450. 1:28:10$600
  2451. 1:28:10feels too little for this video right now
  2452. 1:28:13in roughly a few more minutes
  2453. 1:28:14it'll be 2:20
  2454. 1:28:15we'll wait two more 5-minute candles
  2455. 1:28:17and together we'll go trade on the time point and all that
  2456. 1:28:20I'm going to make a very quick trade
  2457. 1:28:22and I don't want to drag it out
  2458. 1:28:24I'll also raise my position size
  2459. 1:28:25I just want to round up this $600
  2460. 1:28:27I just want to do something at that time point moment
  2461. 1:28:30now what am I going to
  2462. 1:28:31do — let me explain it too
  2463. 1:28:32let's dive into the price
  2464. 1:28:33let's go; for example, my point is that
  2465. 1:28:35when this time point looks like this
  2466. 1:28:37you could've squeezed this much out of it since morning
  2467. 1:28:39so when I come into the heart of this messy
  2468. 1:28:43awful range that exists, can you trade it?
  2469. 1:28:45of course you can — in places where it forms
  2470. 1:28:47BTBs this cleanly, you can also
  2471. 1:28:49do some beautiful things
  2472. 1:28:51the width of the move — the candle is this big over there
  2473. 1:28:54but every candle here is this messy and awful
  2474. 1:28:56now, what happened early in the morning
  2475. 1:28:58what did it do? this was the first, you could say
  2476. 1:29:01clean SP2L that
  2477. 1:29:03it gave us
  2478. 1:29:03and if I go look at it on the 1-minute timeframe
  2479. 1:29:06its target one lands here
  2480. 1:29:10and a bit further along
  2481. 1:29:12let me think for a moment about what trade would be the best option here
  2482. 1:29:15now, in about
  2483. 1:29:17five minutes, one more 5-minute candle
  2484. 1:29:19until it closes
  2485. 1:29:21it's this very candle that's growing
  2486. 1:29:22three more minutes
  2487. 1:29:23well, I prefer to analyze what I'm actually seeing
  2488. 1:29:25look, we have a range here
  2489. 1:29:26one — this level is in our path
  2490. 1:29:29and this level is in our path too
  2491. 1:29:32in terms of
  2492. 1:29:33the upside, and in terms of the downside I have below
  2493. 1:29:35and one is this bottom which is
  2494. 1:29:37the bottom of the range
  2495. 1:29:38I can see this range is really heading toward the upside
  2496. 1:29:41so it's deciding to go from the middle
  2497. 1:29:43up toward the top, and from there it wants to drop
  2498. 1:29:46meaning dump down
  2499. 1:29:47or this BTB wants to do something with it
  2500. 1:29:50or this BTB wants to do something with it
  2501. 1:29:53or that BTB — well
  2502. 1:29:53we zoom in on the price
  2503. 1:29:55and we want to work that 2:30 time point
  2504. 1:29:57which lands exactly here, together
  2505. 1:30:00what do we see
  2506. 1:30:01several SP2Ls back to back
  2507. 1:30:03the first one was this
  2508. 1:30:04the second one was this
  2509. 1:30:05three —
  2510. 1:30:06was this; and there are no stopped-out ones
  2511. 1:30:07meaning we don't have a single stop-out among them so far
  2512. 1:30:10the next one was this
  2513. 1:30:12and just now it's built one right here
  2514. 1:30:14whose R1 would be — this becomes this
  2515. 1:30:16right here
  2516. 1:30:17let me clear the extras — the top of
  2517. 1:30:18this trading
  2518. 1:30:19range — we're right at
  2519. 1:30:20the top of that range too; it hasn't hit it yet — here it
  2520. 1:30:22reached the top of this range
  2521. 1:30:23meaning its R1 lands way up there
  2522. 1:30:25but right now we're also getting close to the BTB
  2523. 1:30:27look; meaning another range top
  2524. 1:30:29so the best option is for me to look
  2525. 1:30:32for a sell opportunity around here
  2526. 1:30:33and not chase that target
  2527. 1:30:35trying to grab that
  2528. 1:30:36what do I do
  2529. 1:30:37I say this one took its R1
  2530. 1:30:38this one took its R1
  2531. 1:30:39this one is taking its R1 too
  2532. 1:30:41but here I'll try
  2533. 1:30:42below these
  2534. 1:30:44to get a confirmation signal
  2535. 1:30:46and take a sell
  2536. 1:30:47if the confirmation signal... no — yes
  2537. 1:30:49the confirmation signal came right then
  2538. 1:30:50Add Line
  2539. 1:30:51I'll set this to
  2540. 1:30:52roughly five percent
  2541. 1:30:53because I just want
  2542. 1:30:55to place a trade that makes this a thousand
  2543. 1:30:57dollars — let's see where it hits a thousand dollars
  2544. 1:30:59but
  2545. 1:31:00let's see
  2546. 1:31:02if it doesn't work out, I'll place another trade
  2547. 1:31:03meaning I'll enter on its second signal too
  2548. 1:31:05let me hit Add Line
  2549. 1:31:07since it's become ten percent
  2550. 1:31:08I'll make it four
  2551. 1:31:10let me place another sell right here
  2552. 1:31:11because I want
  2553. 1:31:12a quick trade; get it done
  2554. 1:31:13meaning reach a thousand dollars
  2555. 1:31:14meaning I'm raising the size — even if
  2556. 1:31:16the whole thing is lost, so be it
  2557. 1:31:19meaning I just want
  2558. 1:31:20it to reach a meaningful number for the charity
  2559. 1:31:22which most likely
  2560. 1:31:23with this trade —
  2561. 1:31:24because it had all those advantages
  2562. 1:31:27it had all those parameters
  2563. 1:31:28meaning we had reached the range-top zone
  2564. 1:31:31we had three pushes up here
  2565. 1:31:33we had a confirmation signal
  2566. 1:31:34well, what more do I need to see to take a sell?
  2567. 1:31:36I see exactly this, take my sell, and wait for it to play out
  2568. 1:31:40to reach a nice R2
  2569. 1:31:42let me say goodbye; let's go summarize the video
  2570. 1:31:45well, it reached $1,000 in profit; this account's profit hit a thousand dollars
  2571. 1:31:48guys, did you see how important it is to know where to wait for a target
  2572. 1:31:53and where not to — good grief; it hit a thousand dollars just now
  2573. 1:31:55it's become $1,500; let me close half of it
  2574. 1:31:58and half-close half of this one too
  2575. 1:32:00we took their Rs
  2576. 1:32:01look — time said "WHEN",
  2577. 1:32:04the levels said WHERE
  2578. 1:32:06price action said HOW
  2579. 1:32:08and the combination of these three
  2580. 1:32:10together produced one successful trade
  2581. 1:32:13plenty of people know each of these individually, mind you
  2582. 1:32:15but it's how you use these three together
  2583. 1:32:18that unlocks the market's interwoven structure for you
  2584. 1:32:21and that's how trading is not the art of predicting
  2585. 1:32:24it's the art of listening to these three witnesses
  2586. 1:32:26all three testifying to the same thing
  2587. 1:32:29let me half-close
  2588. 1:32:30we took their Rs
  2589. 1:32:32it became $1,500
  2590. 1:32:33—; thank God again
  2591. 1:32:34see, when it's for charity
  2592. 1:32:35this is how blessing pours down
  2593. 1:32:37now if it had been my own trade
  2594. 1:32:39it would've tortured me over there, but
  2595. 1:32:41since it was for charity, it paid out fast
  2596. 1:32:44this is what I wanted
  2597. 1:32:45look — when you bring the time
  2598. 1:32:47window
  2599. 1:32:48into your work
  2600. 1:32:51within this time window you know it's Oceania
  2601. 1:32:53you know exactly that 2:30 is what I'm targeting
  2602. 1:32:55at 2:30 this story started
  2603. 1:32:57then I mix price action into it
  2604. 1:32:59I see I have three pushes up
  2605. 1:33:01I see it's the top of my trading range
  2606. 1:33:03from that trading range top
  2607. 1:33:05I get a nice drop
  2608. 1:33:06this is my confirmation
  2609. 1:33:08signal — I see my confirmation
  2610. 1:33:09all of these together become
  2611. 1:33:12your whole strategy
  2612. 1:33:14I close all of this so that
  2613. 1:33:15nothing happens to it
  2614. 1:33:16and it doesn't go to waste
  2615. 1:33:17I want to wrap up the whole video
  2616. 1:33:19I'm closing this entire position
  2617. 1:33:20let me not misquote it to you
  2618. 1:33:22$1,456
  2619. 1:33:23which is the exact figure
  2620. 1:33:26this, continuing the story of our own trades
  2621. 1:33:28we placed this one
  2622. 1:33:28too, so you'd see how important the time point is
  2623. 1:33:31let this dump too
  2624. 1:33:33but for me to summarize the video
  2625. 1:33:35I have to close it so I can
  2626. 1:33:37deposit that amount to the charity
  2627. 1:33:39that's it
  2628. 1:33:40again, sorry — I love you all
  2629. 1:33:42guys, have a good morning
  2630. 1:33:43let me make this one point too and then close out the video
  2631. 1:33:45I promise it's the last point of the video
  2632. 1:33:46and see — when you start working from the time apex
  2633. 1:33:49and with the price action perspective you have
  2634. 1:33:51even if you miss an opportunity
  2635. 1:33:53it comes back — this is our trade from last night, remember
  2636. 1:33:55it builds its SP2L
  2637. 1:33:56leg one, leg two
  2638. 1:33:57it builds its SP2L
  2639. 1:33:58where does it turn back from, again?
  2640. 1:34:00from the bottom of the range
  2641. 1:34:01well
  2642. 1:34:01now if you want to enter again
  2643. 1:34:03it comes back to your entry point
  2644. 1:34:04look how it gave you a BTB
  2645. 1:34:06right on this point
  2646. 1:34:07well, none of this happens by accident
  2647. 1:34:09it's based on what I've taught you
  2648. 1:34:10and when we work this cleanly
  2649. 1:34:12you'll see how beautiful your chart becomes
  2650. 1:34:14that same trade from last night we did together
  2651. 1:34:17we could take a maximum reward of 13
  2652. 1:34:19roughly 13 to 14
  2653. 1:34:21and of course, at the very most we
  2654. 1:34:23stay with it up to this edge
  2655. 1:34:25remember I said why up to this edge
  2656. 1:34:27because at this edge
  2657. 1:34:28who was supposed to come into the market?
  2658. 1:34:30the buyers were supposed to enter from here
  2659. 1:34:32from where were they supposed to enter the market?
  2660. 1:34:34from this price bottom that this low created
  2661. 1:34:37right now, here
  2662. 1:34:38like this
  2663. 1:34:38that's why these buyers came in
  2664. 1:34:40right now these buyers
  2665. 1:34:41have taken their R1
  2666. 1:34:43and I would exit there
  2667. 1:34:44and scale in here — meaning
  2668. 1:34:46look at my second trade's
  2669. 1:34:47setup — no, I want to finish the video
  2670. 1:34:50I just can't finish this video
  2671. 1:34:51look how precisely it comes to its 2X
  2672. 1:34:53it gives back half of this zone
  2673. 1:34:55and how beautifully it moves to its R1 from there
  2674. 1:34:58and along
  2675. 1:34:59the way, even if you don't want to catch a swing that big
  2676. 1:35:02along the path of reaching that point
  2677. 1:35:04counting from the 2X
  2678. 1:35:06look at its SP2Ls
  2679. 1:35:08meaning within this very zone it starts giving
  2680. 1:35:10the triggers; one, two, three, four, five
  2681. 1:35:12six, seven
  2682. 1:35:14now on this seventh one you get stopped out here
  2683. 1:35:15because, well, you reached the top of the range
  2684. 1:35:17and we should have waited for it
  2685. 1:35:19even if we say you take that one too
  2686. 1:35:20you had six positive triggers before it
  2687. 1:35:23if there isn't a single stop-out in the market
  2688. 1:35:25or two stop-outs
  2689. 1:35:26you should be suspicious of that system of yours
  2690. 1:35:28I mean, your system is wrong if you don't take these two hits
  2691. 1:35:30and you count this one as a negative too
  2692. 1:35:32but in return, six to two
  2693. 1:35:33positive triggers —
  2694. 1:35:35you had, and again you had plenty of triggers, and
  2695. 1:35:36your good final trigger
  2696. 1:35:38becomes this last trigger
  2697. 1:35:39which you saw at this scale
  2698. 1:35:42where I knew we were going to turn back from here
  2699. 1:35:45I can take either this trigger
  2700. 1:35:46or this lower trigger
  2701. 1:35:47as the main trigger
  2702. 1:35:49and ride it nicely to its R1
  2703. 1:35:51and that one's R1 lands on
  2704. 1:35:53the R2 of the earlier trigger
  2705. 1:35:55meaning you exit before it does
  2706. 1:35:56this is the beautiful perspective I expect from you
  2707. 1:36:00go down this path
  2708. 1:36:01and stepping off this path
  2709. 1:36:03is nothing but wasting time and hurting
  2710. 1:36:06yourself — let's go summarize the video
  2711. 1:36:07okay, seriously now, let's go summarize the video
  2712. 1:36:09I think we're at a hundred minutes of video by now
  2713. 1:36:11guys, just as I promised you
  2714. 1:36:12I split this video's profit in two;
  2715. 1:36:14half to the EB patients — which is at this point in the video
  2716. 1:36:17and half to freeing imprisoned debtors in need
  2717. 1:36:20which has been our long-standing tradition over these years
  2718. 1:36:22because I believe
  2719. 1:36:23that when you set aside part of the profit for good deeds
  2720. 1:36:27that account receives blessing
  2721. 1:36:29now some people may not believe that,
  2722. 1:36:31but I do believe in it
  2723. 1:36:33and we've reached the end of this video
  2724. 1:36:35definitely watch the video several times — don't think
  2725. 1:36:37you've learned the material after one viewing
  2726. 1:36:39honestly, you can't
  2727. 1:36:41if it were my own first time
  2728. 1:36:43encountering this material, Micro Map
  2729. 1:36:45and this video would need multiple viewings to master
  2730. 1:36:49because each time you'll catch a sentence I said somewhere
  2731. 1:36:51that you hadn't paid attention to at all
  2732. 1:36:53and that very sentence becomes a game changer for you
  2733. 1:36:55I love you all so much; my respects; take care of yourselves

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