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Trading Course Day 12: Decision Making & Trading Psychology — Transcript

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0:01All right, guys. So, today we're going
0:03to talk about something that I feel like
0:05is very important when it comes to
0:07trading. And, you know, everything I
0:10pretty much put out is very important to
0:12trading. But, um, as we continue to go
0:14further and further into the course, I
0:17just want to keep telling you that, you
0:19know, watch the beginning so you can
0:21understand now, right? Um, we've made it
0:24this far. I think we're on 12. We made
0:27it this far and overall I want to
0:29explain market decision. So basically
0:33you find a setup and you need to make
0:36the decision if you're going to take the
0:37trade or execute the trade. What should
0:39you be looking for? The mindset
0:41basically of just finding your trades
0:43and seeing what you see in the markets
0:45and being able to determine if the trade
0:47is valid or not. So today I did a
0:49breakdown on uh Telegram. So, I recently
0:54just did a breakdown on Telegram and
0:56look at price. I want to show you
0:57something, right? So, price was sitting
1:00at 195 195 and then it bought up
1:04recently all the way up to 203, right?
1:08But that doesn't discourage me or
1:10anything. So, if we go here on a 1 hour
1:12time frame, that's why I got this,
1:13right? So, it was sitting on that level
1:15of support. Boom. This level of support.
1:18If we go back to the 4 hour, you can see
1:20what I'm talking about. So, that same
1:21level of support here, sitting on that
1:24level, and then it bought off of that
1:25level, which is cool. In my head,
1:29I'm thinking to myself, well, I'm like,
1:32okay, well, I see that price has a new
1:34low in the market. Is the correction
1:36still going? Because initially, we don't
1:39have any bearish signs yet. We had price
1:43come up to one um 211 and then have a
1:46rejection back down to 193, but price
1:51pushed up, but it didn't break over 211.
1:54So, it's not bullish. It can be
1:56considered bullish on the 1 hour time
1:58frame because price is above those swing
1:59highs. So, as you can see here, we have
2:02price above these swing highs. That
2:04indication above here, price corrected
2:06back down to these levels. Didn't break
2:08the level that it bought off of. So as
2:10you can see here price bought
2:13price came here it sold this is the
2:16lowest level it sold and then it bought
2:18bought off that level right so we have a
2:21high higher low higher high another
2:24higher low this could be a potential
2:27move for a higher high now this is why
2:30this video is very important because you
2:33can have things like this
2:36you can have things like this that
2:38confuses you on which way the market is
2:40going to go. So, you'll get into a buy
2:42trade now, right? You'll get into a buy
2:44trade now and then later on price will
2:46end up selling, right? So, what I want
2:50to advise you on, it's not like like I
2:53said, it's not always going to work, but
2:54it's best to be patient. Um, I know it's
2:57going to be super hard to do that, but
2:58it's best to be patient and wait for
3:00extra confirmations. So, for this 1 hour
3:02time frame, I'm going to show you both
3:03time frames and what you should be
3:05looking for. So, with this 1 hour time
3:07frame, if you're confused if price is
3:08going to go bearish or bullish,
3:15excuse me, I feel like I I feel like I
3:18yawn in every video we make. Um, but
3:22yeah, uh, I probably just need some blue
3:24light glasses to be honest, bro. It be
3:26making me a little tired. Um, but look,
3:28with the 1 hour time frame, look at it
3:31already. You would have been stopped out
3:33most likely. Some of you guys make super
3:35small stop losses, but with this you
3:40need to basically see more bullish
3:43structure, more bullish confirmation. So
3:45how you're going to do that, right? So
3:47for example, you see how price bought
3:49off this level. You see how price bought
3:52off this level right here. This is a
3:54signs that bulls are here, right? Price
3:56can do whatever it wants when whenever
3:59it's here, right? So this doesn't affect
4:00us if we're thinking from the 1 hour
4:02time frame perspective. 4 hour is always
4:05going to be stronger than the 1 hour. 1
4:06hour is always going to be stronger than
4:0830 minute. 30 minute is going to be
4:09stronger yada yada. So overall I feel
4:11like the 4 hour is still going to
4:12overpower the 1 hour. We're just waiting
4:14for uh the 4 hour to play out. But just
4:18just for you to overall get a
4:20perspective. If you ever have a trade
4:22where it's contradicting itself on the
4:24higher time frames,
4:27sometimes the one hour can build into
4:29that 4 hour. So the 4 hour might look
4:31bearish right now, but the 1 hour is
4:33building that up. So what you would want
4:36to see is price have some rejections to
4:38the downside and start building higher
4:40highs and higher lows. So then from the
4:421 hour, we can go to the 15minut time
4:45frame,
4:47right? So from this 15-minut time frame,
4:50price already had touched there. Wow.
4:52Price had already touched in that area
4:54on 109 where sellers were at here.
4:57That's pretty interesting. Maybe I'll
4:58take all this back.
5:00That is pretty interesting. But um let
5:03me just continue with it. Right. So if
5:06you think the 1 hour is going to go
5:07bullish, you need the 15minut time frame
5:09to remain the same. Now once again, I'm
5:13big on whichever higher time frame is
5:15bigger. So if the 4 hour has more
5:17bearish structure and is clear to see,
5:19I'll go with that. If the 1 hour has
5:21better structure than all of these, I
5:23will go with the 1 hour. But in this
5:25case, 15-minut time frame, we can see
5:28that price is building higher highs and
5:30higher lows, as we have here, as we have
5:33here, and then as we have here, right?
5:37And I'm big on marking the body closes
5:40because I feel like those are closed
5:41deals. wicks are more of like, hey,
5:43we've been here, but we didn't
5:45successfully get up to the level that we
5:47wanted to. So, we're closing out at this
5:49level. So, I'm big on body closes
5:52when it comes to marking things out. But
5:56with this with the 15-minut time frame
5:59building up bullish structure and we're
6:01still above oops, wrong one. And we're
6:04still above swing highs that we had. So,
6:07this gray area is where that initial
6:09breakout came from. breakout came from.
6:12This would still look to consider go
6:14bullish above 102 back to 110 111
6:19because of the 15-minut time frame is
6:21building bullish structure, right? And
6:24that's tagging along with the 1 hour
6:26time frame. So that's how you would see
6:28it if you was looking for buys on the 1
6:30hour time frame. Now if you was looking
6:32for sales, your market decision between
6:35that will always be under a it would be
6:38the same thing. You would basically take
6:40structure where if you're seeing sells,
6:44you want price to break a level where it
6:47shows you price can go bearish or
6:50bullish. In this case, bearish, right?
6:54So, we do not trade until price breaks
6:58below a level of where bears can come in
7:02control. Sorry. So, in order for you to
7:05sell, let's put it this way. Let's make
7:07a rule.
7:09Right in order
7:13for you to buy
7:16it has to break above a swing high. I
7:23feel like we made these rules before.
7:28In order for you to sell,
7:33it has to
7:36break below a swing low. So in this
7:42case,
7:43right, in this case, if we're looking at
7:46only strictly the 4hour time frame, if
7:49we're only looking at the strictly 4hour
7:51time frame, price will be considered
7:52bullish above that level, right? It
7:54still matches with the 1 hour time
7:56frame. So even if we go here right here
7:58where price originally broke out on the
8:004 hour we have this push up. So this
8:02bullish momentum above this level a
8:05correction stayed strong price above
8:08this level bullish right? If price
8:11breaks that level of support it will
8:13match that other confluence with that
8:15support level that was here where buyers
8:17were once at. So as you can see buyers
8:19were once at this level price broke
8:22under that level which means anything
8:24under only only this price point.
8:26Remember only under the price point.
8:29It's not bearish in general until it
8:31breaks or it breaks above or below a
8:34level. Some of you guys will see an
8:36indication.
8:38You'll see an indication and you will
8:39only think the trend is supposed to be
8:41that. Just because you have an
8:43indication in a level doesn't mean the
8:45whole trend is that yet. It only becomes
8:48the trend when price is under this
8:49level. So we only say that price is
8:52bearish when it's under 190 189. Right?
8:56We only say price is bearish only under
8:58that level. So anytime it's above this
9:00level still price can do whatever. It's
9:03still can um still bullish above that
9:06level, right? It's still bullish when
9:07it's above 194 191. Price is still
9:11bullish. The moment it breaks 190, it
9:15broken all the bullish signs. So every
9:18sign that we got that price is bullish
9:20above this level, these pushes off this
9:22level, that will all go out the window
9:24once price breaks 189. I mean, yeah,
9:27189, right? So with that being said,
9:31your market decision has to get better
9:33when it comes to looking at market
9:34structure. Market structure is going to
9:36save you a lot, especially when you're
9:38looking at different time frames. So I
9:40don't stick to one time frame. I trade
9:42on most of the higher time frames. So, 4
9:44hour, one hour, and I swap through. I go
9:46look, see what I can find. Okay, the one
9:48hour looks pretty good to be bullish
9:50above um 199. Anything above 199 is most
9:54likely going to go to 209, right? Um the
9:59chances of that are pretty high because
10:00we had that same bullish uh momentum
10:03before. That's all we're doing. we're
10:05looking for. So, the best way to explain
10:08it is
10:10we're finding our swing lows and our
10:12swing highs.
10:14We're taking that swing high that we
10:16had, we're looking for that initial
10:18breakout and correction. Once we have
10:21that indication and correction, so once
10:23we have the breakout and the correction,
10:26everything else is just waiting for
10:28price to rebreak back above that level
10:30again. That's all the market structure
10:32and price action that we're using is
10:34we're waiting for price to rebreak above
10:37that level again. So in this case, price
10:39could go bullish because we've seen this
10:41break before and we've seen the causes
10:44of it. Right?
10:46We've seen the causes of this break. So
10:48I'm going to go ahead and put this here.
10:51Right?
10:54So we've seen the causes of this. So, we
10:55know price is going to try to make its
10:57way back up and try to do the same thing
10:59because above this level is letting us
11:01know that sellers have no control. So,
11:03as you can see, when I say sellers have
11:05no control,
11:07this basically means that buyers are
11:10going to push as much as free will as
11:13possible up into this level. It's like
11:16driving down the highway.
11:19If there's no cars on the road, if
11:21there's nobody to stop you on the road,
11:23there's no cars in the way, no traffic,
11:25you're going to punch the gas as far as
11:28you can. Literally as far as you can,
11:31and you're going to speed
11:34until you get to a point where there's
11:35cars in the way in traffic. So, it's the
11:37same way. Price is bullish. The next
11:41level of sellers is at
11:45uh 211,
11:47right? So bulls are going to maximize
11:50and use all the speed they can until
11:53they get to that next level of sellers
11:55and then that's when price starts to
11:56slow down.
11:58But if buyers maneuver through the
12:01traffic once they so if they get up here
12:04and they maneuver through the traffic,
12:06they move through the traffic and happen
12:07to to to get another free opportunity to
12:10push up higher, that's what buyers are
12:12going to do and that's what a trend is
12:15going to do. If price feels like it
12:17still has some more wiggle room or it
12:19still has some more gas left in the tank
12:21to push at maximum speed, it's going to
12:24do so.
12:25You cannot stop. Put it this way. You
12:28could be the guy that's slow Nancy on
12:31the road, you know, going to speed limit
12:33average speed limit, but if you see a
12:35Lamborghini speeding down the highway,
12:37you got to move out the way. So if
12:40sellers see that buyers are coming in
12:42full strong, full strength, they got to
12:45move out the way and they're going to
12:47move out the way and let buyers continue
12:49to keep going until they run out of gas,
12:53right? So it's pretty much everything is
12:55the same way when it comes to trends and
12:58market decisions, making decisions in
13:00the market and understanding everything.
13:02All I'm doing is simply taking what the
13:05market is showing. So, I'm looking at
13:07levels and I'm saying, "Hey,
13:10price was buying from this level." So,
13:14we're going to mark this level first
13:15because it bought from this level,
13:20pushed all the way up into this level.
13:23Why did it stop here? That's what that's
13:25what I would question myself. Why did it
13:27stop here?
13:30And then price sells.
13:33And then when it keeps going, punching
13:35the gas, punching the gas, punching the
13:36gas, and then it stops.
13:39It's like, no, I don't want to go any
13:40further. Now,
13:43why does it stop here? Oh, because
13:45there's more buyers picking up here.
13:49And then when I see this, I'll look over
13:52and I'll try to see if there's anything
13:54that it broke out of before. Where did
13:56this come from? So, where did this low
13:58was coming from? Oh, this low came from
14:01when price pushed all the way up and got
14:04to this point. So then that's very
14:06interesting because then I use this. And
14:09now I can see above this level, price is
14:12repeating the same thing. So I'm going
14:15to drag this over and I'm going to look
14:16for price to repeat the same thing. Same
14:18way with that bearish momentum, right?
14:21I'm showing you what's going on now. And
14:23maybe by the time you look at this
14:25video, it might be at uh 210, right? or
14:29it might be going for that sale.
14:32Um, I still believe in the higher time
14:34frame, but that one hour time frame can
14:36definitely build into the 4 hour time
14:37frame. So, the 4 hour could be out of
14:39shift right now. Right.
14:42Right. The 4 hour could be out of shift.
14:43What you solely go based off of
14:47is just the market structure alone. So,
14:491 hour time frame is above there. 4 hour
14:51time frame is above there. We have
14:52higher lows. Cool, right? But we still
14:54have this new low, which is why you can
14:56also think price could be bearish. But
14:58once again, price can be bearish under
15:01189. That's why there's an alert here.
15:04There's no trade set, but there's an
15:06alert here because under this level, it
15:08is seen that price can go from here to
15:11here. So, from here to here is what
15:14we'll be targeting. Same way with this.
15:16I mean, I didn't see this one. I'm just
15:18now seeing it because it's making the
15:19move and pushing up a little bit. So,
15:23above here, um, when we started the
15:25video, price was here. Now, it's here.
15:27Um but yeah, this is this is the same
15:29thing that I would be looking for just
15:31on the sell side. So that would be the
15:33same thing. We have that indication
15:35price corrected in the market and then
15:36we're looking for price to sell back
15:38down to these lows, right? So it'll be
15:40the same thing no matter what you do. Um
15:42the price action market structure will
15:44be the same thing. The the setup will be
15:46still be the same thing, right? So with
15:49all that being said, back on the 4 hour,
15:52what we would want to see
15:55uh is basically price build lower highs
15:58and then break that level of support
16:00when over under 189 back down to 174 or
16:06price since it did break above this
16:08level. And we if we scale in we can see
16:11notice how price here didn't want to go
16:13anywhere above this level. it was
16:15rejecting, rejecting, struggling to get
16:18above um 198 and then it finally broke
16:21out of 198 went up to 209. Once it got
16:25to 209, sellers came into the market and
16:27they said, "Let's go for a correction.
16:29Let's push price back down for a bit."
16:31Boom. They pushed price down to 194.
16:35Uh 193 is the lowest or 191 is the
16:38lowest. So no breaking of the previous
16:41one because 190 was the last low and
16:43then now we have 192 191 as the low
16:47currently and now price is looking to
16:50push with that same momentum back to 10
16:53I mean 209. So
16:57all in all we're making a market
16:58decision based off of the reactions that
17:00we previous previously had before. Now,
17:04like once again, I'm saying um I'm super
17:07bearish on crypto because we have the
17:10new lows. Um anything else I would just
17:13look as as a correction for me. But if
17:15price continues to break above this,
17:18then my bias change.
17:20And why is that? Why does why does my
17:23bias change only when price is above
17:26this level, right? cuz now
17:30I have consistency
17:33and higher highs and higher lows. So if
17:35I'm looking at the higher time frame,
17:36it's okay to miss out one trade. It's
17:39okay for me to miss out one trade. I
17:41feel comfortable trading out missing
17:43this one and getting extra confirmation
17:46on the next one cuz the same thing is
17:48going to happen. Price still needs to
17:50make a higher high. Price still needs to
17:52make a higher low. Price still needs to
17:55make a higher high if it's going to go
17:57on a trend. Higher low, higher high.
17:59Still needs to do all that. So, I'mma
18:01see it regardless. It's okay to miss one
18:04because you can catch the rest if the
18:06higher time frame is building that trend
18:09right over here, right?
18:14So, that buy
18:18it was like right above this level,
18:19right? somewhere somewhere over here on
18:22the uh daily time frame. It was this. We
18:25had that indication. Price didn't break
18:27above it this time. Broke above it the
18:29second time. Price pushed right
18:32corrected. All this market happened.
18:33This is on the daily time frame, but I'm
18:35looking at it on the 4 hour. You can go
18:37back and rewatch it. But above this
18:39level, we we was looking for price to go
18:42bullish. That was higher high, higher
18:45low, higher high, higher low, higher
18:47high. respected that support level and
18:50still continue to push, right? There's
18:52multiple signs here that shows price was
18:54going to go bullish before it got back
18:56above this level.
18:59You you could have took advantage of it.
19:02I'm just giving you an example how price
19:05can build higher highs or even like
19:09looking at uh
19:11not recent gold. Recent gold is so bad.
19:16give you some better market structure,
19:19right?
19:21Uh let's go. Let's just say here, right?
19:24Price goes on a small correction and
19:26then we start seeing this being formed,
19:28right? We see a level of support. Price
19:31respects that. Obviously, we see price
19:33is respecting that even over here
19:36respects all that.
19:38And then we have I here price broke
19:42above indication corrected back down to
19:44here. price came back above that level
19:46again.
19:48So now we have highs correction still
19:52didn't break. So that's also one thing
19:53too as well. Don't get scared when price
19:56is correcting. As long as price is not
19:58breaking overall structure, you're 100%
20:00okay. I'm going to go ahead and come
20:02back here. So it's a little bit simple
20:04for you,
20:07right? Look at price higher. Oh, we have
20:10a low, higher high. Higher low, higher
20:12high. Higher low, equal low. tries to
20:15make a higher high, fails to do so, but
20:16makes that higher low to let you give
20:18that extra like confidence, that
20:20confirmation. When price get if price
20:23doesn't give you that higher high, but
20:24it gives you that higher low, still stay
20:26in the game. You still your stop loss is
20:28supposed to be under this level anyways,
20:30right? Price still maintains. We still
20:33have multiple opportunities, multiple
20:34signs before price makes that push. So,
20:37we have a push, higher high, then it
20:40needs a higher low back at that same
20:41level. There's ways to capitalize off of
20:44everything. Then we get that, you know,
20:46more momentum. What does price do? Gives
20:49us a fullblown correction. Once a
20:51full-blown correct, what can we do from
20:53there? Continue to do the same thing
20:55because we're going to have the higher
20:57high. Price makes the higher low. The
20:59last level that we pushed off of was
21:00here. And the reason why I'm saying that
21:03this is the last level we pushed off of
21:05is because look at this. Price stepped
21:07on the gas. Stepped on the gas. Got to a
21:09level. Got to a level. had a reaction.
21:13Look at I want you guys to take the time
21:14today to look at your swing highs and
21:17swing lows compared to the way that I'm
21:19marking my swing highs and swing lows,
21:21right? And not saying that mines are
21:25better or just like the best, but I want
21:27you guys to notice how I'm not going in
21:29the charts and I'm not marking up this.
21:32I'm not marking up this.
21:34I'm not marking up small things like
21:36this. I I all I'm doing is going to the
21:39chart and it's not me trying to make it
21:42like picky or anything. I'm just looking
21:44at the levels. Boom. I see that price
21:47got to this point. Made a huge change in
21:50and in in movement. Huge change in
21:53direction.
21:55Came to this point, shot up to 3,6
22:00uh 750. It went from
22:03uh 719 all the way to 750 in this one
22:06move. H buyers are strong here. Price
22:10came here once I um 790 or 749 shot down
22:16all the way to 730.
22:19Once it did that shot from 730 all the
22:21way back up to uh 760. These are
22:24movements where price is making
22:26decisions based off how many buyers and
22:28sellers are in control here. wouldn't be
22:31you wouldn't be marking this. You
22:33wouldn't be marking this. You can you
22:36can just take note that hey price is
22:38struggling to break above uh
22:42uh 751. Price is struggling to break
22:44above 751. Why? Because previous market
22:47at 751 shot down to 731.
22:52Right? We can take note of this. Price
22:55pushes up, gets to 757,
23:00shoots down a little bit, back down to
23:02739.
23:04These are things we could take account
23:06of,
23:08but it's all, you know, it's not the
23:11best because this is the main level that
23:13we have, which is at 7 uh 760. 760 is
23:18what we want to see. So, we have 750,
23:21760. We know that these are both highs
23:23in the market. We know that 730 732 is a
23:28support level. So as you can see support
23:30level on 732.
23:33So we already have our highs and lows.
23:34We need price to break above 750 to go
23:37bullish to 760.
23:39Right? Price above 750 goes bullish to
23:43759 the first time retraces a little bit
23:46to get more mo more momentum
23:49back above 750. Where does it go? 760
23:53with another push. Now it goes from that
23:56760 all the way to 784
24:01from 783 784 it goes
24:05back down to 760. So now we know sellers
24:08are in control of the market or sellers
24:10are pushing price or trying to push
24:12price back to those 760 levels. That's
24:15okay. We have buyers at this level. So
24:18this will be our indication
24:21correction and then price once again
24:24pushes back above this level and gives
24:26us more high. So all of this is just me
24:28showing you
24:31that just looking at market structure
24:33alone can save you from a lot of market
24:35decisions and help you make the right
24:37decisions when it comes to pretty much
24:39trading anything. Right? We can you can
24:42literally trade anything at this point,
24:43right? So look at this.
24:48Even though I I feel like price is going
24:50to be bearish. But even if it doesn't go
24:51bearish,
24:53I'll I'll trade the buys if the buys
24:55look the Salana buys look way better
24:57than BTC buys. But anyways, I'm going to
25:00show you price sells under this level.
25:03Cool. I see price gets to this level.
25:07I see reaction. Not too much. So, I'm
25:10going to just use this one since since
25:12everything's already played out. This
25:13will be my analysis. Now, for what's
25:16going on here, I'll just look over here
25:18to see what's going on. Right? I see
25:20that price got to this level, pushed up
25:23from here. So, obviously, we can see
25:25that there's multiple times where price
25:27comes here, boom, price comes here,
25:32price comes here. I see there's multiple
25:35times where price comes to this uh 400
25:38or
25:40uh 110. It comes to this 110 level,
25:42110.4 for and it kind kind of has some
25:45buys up. Nothing crazy. No m crazy
25:48momentum. I see that these levels are
25:50getting lower and lower. Not a crazy
25:53sign of anything. I see that price
25:55really doesn't want to go above uh 1,00
25:59or um 112,000
26:02pushes down. Continues to push down.
26:04Tries the break. It doesn't want to
26:06break. So now I'm seeing in my head I'm
26:08thinking like, okay, and once again I'm
26:10working off the 1 hour time frame,
26:11right? I'm looking at all this and I'm
26:13like, okay, price is not willing to
26:15break yet. This is cool. It's okay.
26:18All right. Not really seeing much of a
26:20trend out of here. It looks like price
26:21is slowing down. The reason why I think
26:23it's slowing down is because price is
26:25only stopping in this 110 area to 109,
26:29right? Only stopping in this area here,
26:31right? And we have that huge rejection
26:33back down. So overall, I'm just seeing
26:35price is not trying to break this 110
26:37level overall. Then we have a push above
26:40110. Price tries to make a push, tries
26:44to make a run for it, but it stop it
26:46gets stopped for a few hours at what
26:50number is this? 112 or 111, right?
26:53Stops. It stalls for a bit and then it
26:55actually breaks above 111. It goes from
26:58111 all the way to 115. So this lets me
27:02know bulls can take control if price
27:07goes above
27:09112.
27:10It has potential to take itself to 116.
27:16So then I will take this
27:19and I'll just draw it across. And why
27:22would I draw it across, right? Why why
27:24would I do that? Because here we're
27:26looking for the same momentum with the
27:27volume. Price got up to a level.
27:33Price gets up to a level. So, we could
27:36look for that same momentum because it's
27:38all just buyers and sellers. So, if I
27:41know buyers have more control of the
27:42markets above this level, I might as
27:45well take the chance to see if it's
27:46going to repeat itself again. Now,
27:49there's obviously going to be some
27:50stipulations with this because you need
27:53a new high for price to chase. Price is
27:55normally chasing some type of uh high or
27:59low. Same way with like anybody in this
28:03world, we always chase a high. We all
28:06we're always chasing a high and that
28:08doesn't mean drugs, guys. Calm down. Um
28:11it could be anything. You could be
28:12chasing your dreams. Your highest point
28:15in life is your dreams. You're always
28:17chasing something. So it's the same way
28:18with the market is always chasing some
28:20type of incentive.
28:23some type of incentive
28:25whether it's bullish or bearish. Right?
28:28So, with all this being said,
28:31since price is chasing this, why do I
28:34just feel like price is not recording
28:36me? I don't know why. Um, with all this
28:39being said,
28:42price has no new incentive to chase. So
28:47the likelihoods
28:49of this decision could be very less.
28:54The probability on this is very less
28:57when you have no new high to chase.
29:01Not saying it's not going to happen, but
29:02the probabilities are lower. So now we
29:07get into more of the market decision.
29:08I'm just kind of laying out my mindset.
29:10it. Honestly, this is like I got to put
29:13this in like four different videos cuz
29:15the way that you think about the charts
29:16is I wouldn't say you're wrong if you're
29:19unprofitable. I would say the way that
29:21you're thinking is incorrect, of course,
29:23cuz you're unprofitable. And this is not
29:25me saying, "Oh, well, I got to be harsh
29:27on you. I got to be harsh. You got to be
29:29harsh on yourself. Not too harsh, but
29:32see your comfort level." Well, no, you
29:34got to be uncomfortable. You know what?
29:36Just lock in. Anyways,
29:41you have to be very precise in the
29:45things that you're choosing and why do
29:47you think the market is going to go in
29:49the way that it's going to go, but there
29:51also has to be a new incentive. So, if
29:53you ever seen, so BTC is kind of like
29:57the uh NASDAQ, right? It's like US30.
30:03It's kind of like, you know, S&P 500.
30:06All those three stocks move off of
30:08pretty much each other. I'm pretty sure
30:10everything moves off of the S&P 500
30:14because 500 stocks is way is is more
30:17stocks than you know NASDAQ 100 100
30:21stocks or Dow Jones 30 or you know Dow
30:25Jones 30 stocks compared to 100 stock
30:28compared to 500 stocks. So, same way
30:31with BTC, it's the biggest crypto in the
30:34game. The biggest.
30:39So, then when you start looking at your
30:41other trades,
30:44so this is for the crypto trader right
30:45now, right? Start looking at the other
30:48things, you have to, okay, well, BTC
30:52doesn't have a
30:54doesn't really have like a new
30:56incentive.
30:58We have that drop, a correction.
31:02Price pushed off this support because it
31:04didn't want to break anymore. But then
31:06it it this could still mean price is
31:08bearish because it's new. There's no new
31:10high. There's no new incentive. Price
31:12stalled here. It stopped. It came up,
31:15came down for a little bit, came back
31:16up, didn't break. So now it's a no trade
31:19zone for BTC.
31:22And now that I'm seeing this, this would
31:23mean that Salana is going to be at a
31:26halt too until BTC makes some movements,
31:29right? Until BTC makes some type of
31:31movements.
31:33Now, this this is not the same with
31:36correlation of pairs. Like, oh, EU is
31:40the opposite of such and such. That's
31:42not what I'm saying. And I don't trade
31:44forex pairs.
31:45the like the way y'all be trying to
31:48confluence or I mean correlate different
31:50pairs is like I don't understand but you
31:53know it is I mean to each is it all cuz
31:55like some things will move this some
31:57charts will look the same some charts
31:59probably look like BTC some charts
32:01probably look like gold doesn't mean
32:03they're doing the exact same thing
32:05doesn't mean what's driving gold is
32:07driving whatever you're thinking that's
32:10not always the case but when it comes to
32:12market decision you have to take these
32:14things into accountability. So, taking
32:17the fact that if you're trading NASDAQ,
32:20right? So, if we're trading
32:24NASDAQ
32:27and we're looking at NASDAQ and we're
32:28seeing NASDAQ go up, then we got to go
32:31look at something else. We got to go
32:32look at S&P 500. So, this will be S&P
32:36and Forex or CFD,
32:41right? It'll look the same.
32:43you'll still see the same, right? But
32:45there will be moments where price won't
32:48look the same and you have to make
32:50decisions based off of, okay, if the
32:52S&P, let's say if the S&P was going
32:55down, then we have to think like, hm, I
32:58should take that with a grain of salt
32:59when it comes to looking at the NASDAQ.
33:01H, okay, let me make a decision based
33:04off that. And your decision most likely
33:06might be, you know what, you know, let
33:09me let me give the market a little bit
33:11of time,
33:14right? Let me give the market a little
33:15bit of time. See what happens. And I
33:17said this earlier when I was talking
33:18about Salana. Let me give the market a
33:20little bit of time to make a decision.
33:23It's okay if I miss out on one higher
33:26high, new high if it's a buy or it's
33:29okay if I miss out on a lower low,
33:31right? It's okay to miss something so
33:35you can get more information.
33:37This is what keeps me here, right? This
33:40is what keeps me here,
33:44right? This is what keeps me here. 98
33:49because I'm picky
33:51about putting myself in the markets
33:53because the market is a very risky
33:55thing. Risky. Super risky.
34:00So when it comes to
34:02making decisions in the market, you have
34:04to be very very careful at the at the
34:07market setup or the market structure,
34:09the price action that you're looking at
34:11and making sure there's new incentives,
34:14new things to even get into the market.
34:17If there's nothing new that you can use,
34:22then then there's if there's no new
34:24high. So for gold, for example, I'm
34:26going to give you a prime example. Gold
34:28has a more higher probability of buying
34:30up to the new high
34:32because the gold has been chasing its
34:34own highs. So it has the potential to go
34:38to those new highs. Oh, s why are you
34:41not taking this trade?
34:45I feel I personally like my thoughts on
34:47gold for the people that's been asking.
34:49My thoughts on gold is like there's it's
34:51been a crazy squeeze. Um,
34:56economically speaking, gold is not
34:58supposed to be this high this fast,
35:01but
35:04we're here.
35:06So,
35:08as a day trader, I would prefer,
35:13it's kind of hard to explain the
35:15mindset. I'm going just kind of lay it
35:16out on you. I prefer not to trade gold
35:18at these all-time highs, especially with
35:20the amount of liquid, I mean, um,
35:23liquidity that's been put into gold in
35:25the recent weeks. Um, sometimes people
35:28make a lot of investments because that's
35:30what we're trading. are trading based
35:31off of people investing into gold,
35:33putting money basically liquid cash,
35:36liquid money is going into gold. And
35:40sometimes people, you know, they get I
35:44wouldn't even say FOMO. People get
35:45scared or people just want to fit in
35:48with the money. So everybody starts
35:50liquidating and putting everything into
35:52this. It could be anything, crypto, it
35:54could be gold, anything.
35:57When people start having fear, they
35:58start buying everything that they feel
36:01like is valuable. During Corona,
36:05COVID 19,
36:07people was at the grocery store stacking
36:09up on tissues and stacking up on
36:12supplies because they was very scared
36:14that the that the items would be gone
36:17for life. They thought that this was the
36:20end of the world.
36:23And then after that there was a whole
36:26market reset after that. Like just a
36:29complete market reset. Price was at
36:32all-time highs. I still remember this.
36:35Price was reaching all-time highs right
36:38before COVID came out
36:41and the whole market just reset itself
36:45completely dumped. A lot of money lost,
36:48a lot of money gained. Most
36:50entrepreneurs were made during that time
36:53ever. Most entrepreneurs in the world
36:56was made in that time.
36:59So when it comes to these things, I
37:02think in my head I'm like, okay, I see
37:04gold. It's fun to trade. It's fun. You
37:07make money no matter what, right? No
37:08matter what I say, no matter what, you
37:10know the the politics say, the news say,
37:13papers say, Twitter say, Instagram, no
37:17matter what we say,
37:19trading is fun. You can still make money
37:21regardless.
37:24But the way that I trade is more of on a
37:26like if I was an investor, I would be a
37:29good investor, right? I classify you're
37:32classify yourself as a trader because
37:35you get in and out of the markets.
37:36you're not in it to hold it. You get
37:39what I'm saying? So, it's a little bit
37:40different. As a swing trader, you can
37:41kind of say I'm an investor, but
37:45it's a hit and miss. There's like
37:46debates about that cuz I'm in and out of
37:49the markets and some people are
37:50investing into that actual asset. So,
37:53some people are buying gold bars for
37:55$4,000 right now, right? So, it's it's
37:59different, right? Um, well, not gold
38:02bars because I don't really
38:05know how the pricing works with that,
38:07but I'm pretty sure it's about like per
38:08grams or per ounce or something like
38:10that. However that works. I'm not an
38:12expertise in gold, so don't bash me on
38:15that one. But all in all,
38:18I would rather stay away from trading
38:20something at an all-time high because of
38:22the amount of liquidity that was put
38:25into the market at a fast rate. It looks
38:28great. Once again, it looks great to
38:30trade,
38:32but for me and my setups, I don't think
38:34it would be the best for me to put
38:36myself in a position where it is more
38:38liable of price having random spikes,
38:42random pushes out of nowhere due to the
38:45fact that one day somebody can be like,
38:48"Okay, like we invested a couple days
38:50ago and price went up 30% now, so let's
38:55like liquidate our position." That makes
38:58sense
38:59because just these small moves like
39:01somebody could have invested Friday
39:05on the 10th. It's the 14th now. Somebody
39:08could have put $4,000 or um somebody
39:11could have bought gold for $4,000.
39:15And in less than 3 days,
39:19in less than 3 days, depending on how
39:23many shares, if they're trading um
39:26futures, or if they're investing into it
39:28and however many bars they have, ounces,
39:30however it works, grams, don't don't
39:34judge me, but um they've made a lot of
39:38money just based in three days. So then
39:41they can liquidate their position or
39:44they can continue to hold,
39:46right? But you you just don't know.
39:48That's the problem here. You don't know
39:50what an investor is going to do when
39:52price is at its all-time highs,
39:56right? Same way with BTC. BTC was just
39:58at its all-time highs
40:01and look how fast it came down. And I
40:04know there's going to be a lot of people
40:06that's going to be like,
40:08"Oh, because of the Trump tweet."
40:10Because of the Trump tweet. And this is
40:12going back into market decision.
40:16Before Trump even tweeted anything
40:18before before he tweeted anything, there
40:20were signs that price was losing
40:24money. Not even losing money. People
40:27were closing their trades. Remember it.
40:29Trading is simply buyers taking their
40:31trades to the sellers and sellers taking
40:33their trades to the buyers. So there's a
40:36bunch of buyers, buyers, buyers, buyers,
40:38buyers. Alltime highs was at like uh
40:42124, right? 124. So there's a bunch of
40:46people looking to sell at this level,
40:49right? There's a bunch of people looking
40:51to sell at this level. Bunch of people,
40:54right? Price gets to this level. First
40:56time it touches this level. Look, just
40:59watch the market itself. Look at the
41:01reactions price give you. This lets you
41:03know a lot. I need you to rethink how
41:05you look at things. Price gets up to
41:08this level, rejects.
41:11Why is that? Ask yourself why is that?
41:14Because there are there's some heavy
41:17amount of sellers here
41:21that is selling price, selling their
41:23selling their BTC,
41:25right? Boom. First sale. Then buyers are
41:28like, "No, bro. We got to keep pushing.
41:29Keep pushing."
41:31Some people are getting in late or some
41:33people are just now thinking that this
41:35is a small pullback and they get in for
41:36the next move. So then it pumps again.
41:40Now there's a new all-time high and
41:41price gets to that new all-time high. It
41:43has rejections. Sellers are here. People
41:46are selling now. People are starting to
41:48sell. Sellers push in. Boom.
41:52No, bro. Keep buying. Keep buying. Keep
41:53buying. Boom.
41:56comes up again, but this is the same
41:58level of sellers. Boom. Sellers are
42:01like, "No, bro." Boom. Then we get this
42:04break because now this time price sold.
42:06It sold more than it sold the last time,
42:11which should be a red flag if you're a
42:12buyer.
42:14This time it sold more than it sold the
42:16last time. It's the same way with like
42:21um let me give you an example. It's the
42:23same way with like I don't know just
42:25like a grocery store right if a product
42:28comes out let's say a pair of glasses
42:32right pair of glasses comes out on the
42:34market everybody every prime example
42:38matter of fact prime example right
42:41chrome hearts or clothing
42:44a piece of clothing comes out depending
42:46on the brand too as well piece of
42:48clothing comes out it's only like 10
42:52pairs Right.
42:54It's only 10 pairs.
42:5610 pairs sells out.
42:59Right. All the 10 pairs sells out. Now
43:03there's no more on the market, right? So
43:05now people are making fake ones. People
43:07are trying to make one. People are
43:08trying to get them. People are trying to
43:09buy them. They're in demand. Now it's in
43:12demand. So the value goes up, right? So
43:15let's say the jeans
43:18were they released here, went up in
43:20value. people are buying them, right?
43:24Then you start seeing fakes and you
43:26start seeing, you know, people trying to
43:28copy it and this and that. So, the value
43:30kind of goes, you know, it tanks a
43:33little bit due to the fact that people
43:35are
43:37um diluting the the the uh market. But
43:40that's okay because any anything you do
43:43in life, somebody's going to copy it,
43:46right? anything you do in life, there's
43:48always going to be a real side and fake
43:50side of it.
43:52So then the market becomes um it's
43:55basically gaining value. There's a
43:57market pullback on those jeans or those
44:00piece of piece of clothing. Market
44:02pullback, right? But that pullback is
44:05healthy,
44:07right? And then you have another surge,
44:09another 10 pair of pants drop, another
44:13surge, more people this time at a higher
44:15price. people find more value in it
44:17because now there's another there's
44:19another stock out. So people are more
44:22driven to try to get it this time, but
44:24they're they're going to get it at
44:25whatever cost. They don't care. They're
44:27going to get it at whatever cost they
44:28can get it. So then the market value
44:32drives up. Crazy insane,
44:35right? All gone. So now it's all gone.
44:39No more no more in stock. No more in
44:41supply. So then there's more of a demand
44:44for it. But then that's when more and
44:46more fakes and more and more people are
44:49trying to, you know, get a hold of
44:51these. The market kind of slows down.
44:54Doesn't mean it's bad. It just slows
44:56down. The market slows down. People are
44:58still in demand for it, but the market
45:00slows down on it. Another drop comes
45:04out. Boom. More prices, higher money,
45:08higher returns. This is even how you run
45:11a business, bro.
45:13There's going to be points where you
45:15make a plan. You have to make
45:17productions and make ads for it and
45:19stuff like there's going to be slow
45:21times and then after that you do another
45:23drop, another release or something and
45:25it booms. That booms sometimes some
45:28maybe maybe not or whatever, right? So
45:31to put this all into perspective, price
45:34gets to a certain level where there's so
45:36many pairs of these pants now or a pair
45:38of clothing
45:40where then some people lose the value of
45:43it because there's so many now, right?
45:47And essentially what the market is going
45:50to do
45:51is that is going to be diluted. It's
45:54going to be diluted. There's going to be
45:56so many pairs of pants that it lost its
45:58value. So to reflect this all back into
46:01trading
46:03price on gold or price on BTC crypto, it
46:07has a lot of value because there's a lot
46:09of
46:10momentum behind it, a lot of news behind
46:13it, a lot of hype behind it.
46:18And all this
46:20can then die out sometime. But there are
46:23signs back to market decision.
46:27you start to see these signs.
46:30So, we know price is losing hype
46:34when it goes under the previous lower
46:36level than it was. So, if price when it
46:39slowed down the first time, it only got
46:42to 122. So, here
46:47price came down to this level
46:51122
46:53bought up from 122 and made a new height
46:55for itself. gain more popular
46:57popularity.
46:59It got to 125
47:01and when it got to 125
47:04kind of died for a little bit. Slowed
47:06down. I wouldn't even say died. Slowed
47:08down for a little bit. You know,
47:10everybody already has a pair. Everybody
47:12has it already or most people have it
47:15already. You know, whatever. Whatever.
47:18Not attainable. It's not obtainable
47:20anymore.
47:22Then the market starts to die for it.
47:25And then we have a break, but this time
47:29it breaks below than the previous low
47:31that it had. So this is a sign that
47:33price could be actually losing its value
47:36on it. And now I'm going back to actual
47:38BTC right below this level of support.
47:44We know anything under 122
47:47is going to give us that same momentum.
47:49There's there's pieces in here where you
47:51can see price tries to go under 122, but
47:53it fails to do so.
47:56Right? That's cool. We still have these
47:58lower highs. These are still signs.
48:01This is signs if if you ever feel like
48:04price is not going down.
48:07Look at it. If it's going up, because
48:09this is also a good sign, too. If you're
48:12thinking sells under this gray area,
48:14which is what you're supposed to think,
48:16but price, let's say, let's say you got
48:19quote unquote faked out here, even
48:20though you're supposed to wait for that
48:21lower high. Let's say you got faked out
48:23here. Boom. That's okay because the
48:26previous high we had, the previous low
48:28level we sold from was here or even
48:31here. Let's just say here,
48:34right? You had a level here of where it
48:37was holding support. came here,
48:41came up high, high low. And I don't
48:45remember what I said earlier. I don't
48:46want to mark this because doesn't really
48:49show a significant change in direction,
48:51but I'm pretty sure on the 1 hour it
48:52probably looks a lot different. But
48:55anyways, let's say we have this high low
48:59tries to come up, wicks out, closes
49:01here, closes lower than the previous
49:04one.
49:05Since it closes pre lower than the
49:07previous one, we have a break. This is
49:09when it really comes into play, though,
49:11because this is the level that we made
49:13this high off of. One thing I need you
49:15to also remember is you want to go based
49:18off of, please write this down.
49:22Go based off
49:26of
49:28previous push.
49:33So basically what this means is
49:36if you mark a swing high,
49:39please just go back and see where that
49:41swing high was built from. Where did it
49:44push from? Because this is very
49:46important. Once you find this,
49:50you can make a decision under this
49:52level. Now this is price where it pushed
49:55from. So this is where all this bullish
49:58momentum came from. So the moment price
50:00is under this level there's that means
50:03market has no potential to be bullish.
50:06If price is under 1,00 or 122,000
50:11where that bullish momentum came from
50:13that means if it's under here it lost
50:15that momentum it had right here.
50:18It lost that momentum.
50:21The moment it breaks it lost that
50:23momentum every time price is only under
50:25here. So like I said in the beginning,
50:28if price is above that level, do not
50:31think price is going to be bearish.
50:34Wait for price to be under that level.
50:37And you have more higher probability
50:40under the level than you do above the
50:42level. So if price is up here in this
50:44area, do not say it's going to sell yet
50:48or do not take a sell yet. You can say
50:50it could sell, but don't go for a sell.
50:53Don't try to get into a sell.
50:56Right? But don't also try to not get
50:59into a buy. Why not get into a buy high?
51:02Because price just made a new low. This
51:04buy is just reactions from price hitting
51:08that new low. So whenever price makes a
51:11new low, it's going to have some type of
51:13bullish reaction to show you that bulls
51:15are in control at this level.
51:18Bulls can take it up as high as they
51:20want, but they cannot break where the
51:22previous sellers are were. Right? So,
51:24we're going to delete this. We're going
51:25to delete this. I'm going to delete
51:27this, right? I'm gonna delete this, too.
51:31And we're going to go back to this tool.
51:33So, this is the highest point. I'm going
51:35make this big for you.
51:39Right. This is our highest point. Price
51:43sells down. This is our support,
51:46our low. Price has reactions,
51:50comes up to this.
51:52Honestly, you can look at it this way
51:54because of the 1 hour time frame. So, if
51:55we go to the 1 hour, it will look it'll
51:57look a little bit better for you guys.
52:00So, that's what it'll look like. You see
52:03price came up to a certain level,
52:05dropped down, lower high, lower low,
52:08right? But let's just make it simple for
52:10you guys. Let me make it simple for you
52:11guys. Let me remove this. If we're
52:14looking at the 4our time frame,
52:17pay attention.
52:22Higher high. Higher low. Higher high.
52:26Higher low. Higher high. Higher low.
52:29Higher high.
52:32Broken.
52:34This is signs of a change.
52:38In order for us to say that price is
52:40going to go back bullish, it has to make
52:43a new higher high. Once again, I am okay
52:46with missing out
52:48on this higher high
52:52because then I have confirmation. Or the
52:54second scenario, price could come above
52:57here,
52:59stay above here.
53:01So stay above this level. So you see
53:04this higher high.
53:06Even if price made this indication,
53:10if price stays above that level where it
53:12made the previous bullish momentum here,
53:14if price stays above that level and
53:16builds a higher high, it could build
53:18again, right? That's okay. There's
53:21sometimes where the market will actually
53:23liquidate more than what's possible or
53:25more than what we think. That's okay.
53:27There will be times like that. But
53:28there's no reason you should get faked
53:30out because look at here. This is the
53:33time you're supposed to sell. If price
53:34doesn't give you that,
53:37if price doesn't go under that level and
53:39give you that,
53:41then you should you shouldn't be in that
53:44trade. This shouldn't be a sale. If you
53:47see price makes a high, rejects, goes to
53:49the low side,
53:51rejects, doesn't give you that uh lower
53:55high, doesn't give you any other bearish
53:57confirmation, rejects this level
54:01and pushes, you should be looking for
54:03those buys instead. But anyways,
54:06going based off previous push, previous
54:09push was here. It ended up being broken.
54:12This is signs that price is getting
54:13bearish. So then as we see here, price
54:18builds up but only comes to this level.
54:21So once again, look at how price gets to
54:23this level and it's having all types of
54:25crazy reactions even before it got
54:27there.
54:29Even before
54:31having all types of different signs. Let
54:33me turn this up for you guys.
54:36Right? And even though we don't
54:40go crazy crazy on the wicks,
54:43look at how all this rejection was here.
54:47Rejection, rejection, rejection. Super
54:50strong movement down with a red candle
54:53back under this level.
54:57So now we know sellers are in control at
54:59this point. Pushing price down. Price
55:02comes under this level. Has some small
55:04pushes down to this level, which is
55:05good. It was going good. Price came down
55:08even more. It came to that same level.
55:10So, if we was using the body closes, it
55:12touched the target.
55:14Once it touched the target, buyers came
55:16into the market.
55:19Boom. Look, buyers come into the market.
55:21They try to push price up. I'm not sure
55:23in which way this went up at first.
55:26Let's go and look at this.
55:30Oh, yeah. So, look. Price sold first.
55:33came to that level that it was looking
55:35for. So the same level where the buyers
55:37were sitting, it came down to that level
55:40just like how you want. Price showed
55:43some signs of bulls taking control,
55:47right? That's cool. That's okay. Price
55:49didn't break above the the highest
55:51point. So this was our highest point. We
55:54had a selloff.
55:56Price change structures, tried to
55:58correct. Once again, the higher time
56:00frame will always end up aligning
56:03overall. So what you seen on this time
56:05frame, on the one hour time frame,
56:10what you seen on here, you probably
56:13would have been scared.
56:15You probably been like, "Oh, bro, price
56:17is going to go back bullish."
56:20But there was multiple signs on the
56:22higher time frame, 4 hour. So 1 hour,
56:24the higher time frame, 4 hour is
56:26stronger than the 1 hour. So once again,
56:28it goes back to what we're looking at
56:30overall on our other side, right? Um
56:33what I was talking about earlier. Make
56:35sure this is not dying.
56:38The 4 hour time frame is stronger than
56:39the 1 hour time frame. 1 hour is
56:41stronger than 30, 15, five, all that.
56:43Right? So if you're looking at the daily
56:45is stronger than the four. If you're
56:47looking at the four, um it's stronger
56:49than the one. Right?
56:53So with all this being said, the 1 hour
56:55was showing
56:58price could be bullish above this level.
57:00This is what you probably would have
57:01seen. Something like this. Oh, made an
57:04indication corrected continuation back
57:06up here. Yeah, I see how you could see
57:09that.
57:11But if we're looking at overall what's
57:14going on, the market conditions, that's
57:16why I don't like telling people that,
57:18oh, just only trade the 1 hour. Flick
57:19through your time frames, see what's
57:20going on. Mainly stay on the higher time
57:23frames. I will always influence you guys
57:24to stay on the 4 hour, one hour time
57:27frame. If you need entries, go to 30,
57:2915. 15 is really good when it comes to
57:32um trading with gold for sure when it
57:35comes to trading BTC cryptos, stuff like
57:38this. And the reason why I like trading
57:41these things, I don't trade forex pairs
57:43because forex pairs um currencies is
57:46like a it's more of a stable thing. I
57:49feel like currencies is more like stable
57:51than anything.
57:54So there could be little fluctuations,
57:56sometimes a lot, sometimes a you know
57:59not too much. But the basic ones that
58:01most people trade like EuroUSD,
58:06EuroUSD,
58:08GD G BP, JPY,
58:13USD CAD,
58:16USD,
58:18um what's the other one? JPY,
58:22GBP, USD. These things people trade a
58:25lot.
58:27But most of these, like unless there's a
58:29crazy market shift or like there's a
58:32crazy economical thing, these are really
58:35honestly going to stay around the same
58:37prices sometimes unless there's like a
58:39crazy
58:45crazy shift
58:47in economics.
58:52I can't spell. Echo e economics, bro. I
58:57can't spell.
59:00Unless there's a crazy shift in
59:01economics,
59:03these are not really going to make too
59:04much of a shift.
59:06It's not like you're investing into
59:08these things.
59:10But when it comes to trading something
59:12like
59:15NASDAQ,
59:17people are investing. This is an
59:19investment,
59:21right? People are constantly investing
59:23into the NASDAQ market every single day.
59:25Same with SPY. Same with Dow Jones.
59:29These are things people are investing to
59:30gold. People are investing into these
59:32things. Cryptos.
59:35So these things are constantly having
59:37liquidity put into them which means
59:41more liquidity,
59:45more movements,
59:47more volatility,
59:51right? All this is more volatility. Why
59:54do I trade NASDAQ? Why do I trade gold?
59:56Why do I trade cryptos? I just started
59:58trading cryptos cuz the go hasn't really
1:00:01been like we've already been over this.
1:00:05So I don't trade forex pairs because
1:00:09these these are investments. Investments
1:00:11constantly have liquidity put into
1:00:12poured into them. And this will all
1:00:16driven off the
1:00:19hype and economy,
1:00:25right? All this is driven off of the
1:00:27economy and hype,
1:00:30right? Economy comes down to and I'm
1:00:33talking about prompt two and stuff like
1:00:35that, right? So, we're talking about
1:00:36that too. All this has moved off of
1:00:39that. This brings volume
1:00:43big
1:00:45part
1:00:47in price action
1:00:49trading,
1:00:51right? You got the market structure. You
1:00:54understand higher highs. You understand
1:00:55higher lows, lower highs, lower lows,
1:00:57uptrends, downtrends. You understand
1:00:59that.
1:01:00But price action,
1:01:06price action, action. You need action.
1:01:10Price needs action. What is going to
1:01:13drive price?
1:01:17So, what's going to put the gas on
1:01:20price? What's going to what is the pedal
1:01:22for price? It are these hypes,
1:01:27news releases, news,
1:01:30tweets from Trump. All these things are
1:01:33volume,
1:01:34volume always going to push price volume
1:01:38always. That's why it's always good to
1:01:40trade all these NASDAQ, SPY, Dow Jones,
1:01:44gold. Trade these during New York
1:01:46session USD.
1:01:49These are USD things.
1:01:52New York Stock Exchange is going to
1:01:55drive all of this money poured in
1:01:58because that is when the New York Stock
1:02:00Exchange is opening. That's where people
1:02:02go to invest their money or just the
1:02:05bank of trading,
1:02:08right? Pouring their money into banks.
1:02:11Banks open New York session
1:02:169:30
1:02:209:30 a.m. EST. Chat GBT for your time
1:02:24for your time zone, right? We all got
1:02:27different time zones. Right now it's
1:02:298:00 at night, but you're
1:02:31probably watching this video in the
1:02:33afternoon. I'm in Europe right now,
1:02:35right? These things
1:02:38need volume.
1:02:41So, I'mma close this first segment out
1:02:44because I feel like I yapped long
1:02:46enough. I'mma close this first segment
1:02:47out
1:02:49at the fact that you need for any of all
1:02:51of this to work. You need volume at the
1:02:53end of the day. Trading things where it
1:02:56has more mo more movements will normally
1:02:58come down to investments. Are people
1:03:00investing their money into this?
1:03:04With Forex pairs, like I said, I feel
1:03:06like it's stable and that's my take on
1:03:08it. I feel like it's a stable thing.
1:03:10There can be price movements um based
1:03:13off of, you know, circle certain
1:03:15economical events, but it really just
1:03:18comes down like to just the economical
1:03:20events and leading up to them. The news
1:03:23really draws Forex pairs a lot because
1:03:26that that's where most of the volume
1:03:27comes from. But when it comes to things
1:03:29like NASDAQ, SPY, Dow Jones, gold,
1:03:32crypto, people are constantly putting
1:03:34their money into this every single day.
1:03:36every single day. People are also
1:03:39exchanging money every single day.
1:03:42But the the likelihoods of, you know,
1:03:47USD coming out of nowhere and being 10
1:03:51times more than another currency or 10
1:03:54times more than euro or let me put it
1:03:57this way, the United States dollar, the
1:04:01chances of it being 10 times more
1:04:04um in a few days more than the euro is
1:04:09very unlikely.
1:04:11But the chances of crypto going from
1:04:14like look at look at the other day
1:04:16crypto went from $125,000
1:04:21all the way to $110,000 in less than a
1:04:24few hours or less than two days, three
1:04:26days.
1:04:28You see how fast that went? Just like
1:04:31that. So much money liquidated in the
1:04:34market.
1:04:36So much selling pressure.
1:04:38Same way with gold.
1:04:42That's why, you know, gold is a little
1:04:45bit on my bad side right now because
1:04:47once again, I feel like price is being
1:04:49driven too fast at a fast rate.
1:04:53Gold is something where people, you
1:04:55know, slowly invest their money into and
1:04:58get into it. And it's kind of like real
1:05:00estate. You don't just right off the
1:05:01gate buy 10 properties
1:05:04right off the gate. Not Not right off
1:05:06the gate. If you're a smart investor, if
1:05:09you're a smart person, you're not buying
1:05:11anything you see, everything you see
1:05:13just because it's there, just because
1:05:14you can. You don't buy things just
1:05:16because you can buy it. You buy things
1:05:18because it serves value.
1:05:21So, the fact that people are driving
1:05:23gold price cuz realistically when price
1:05:26is going up, that means people are
1:05:28buying into it. Once again, it goes back
1:05:30to the clothing brands. The more demand
1:05:34it has, the more people hype it or the
1:05:37more people
1:05:39think it is very valuable, the more
1:05:41value it can be given. BTC, for example,
1:05:44is not even a real physical asset, but
1:05:49people bring a value to it because it's
1:05:51only so much of it,
1:05:54right?
1:05:56So, people are still driving gold price
1:05:58up.
1:06:01Sooner or later there's going to be
1:06:03people are going to be like, "Dang, bro.
1:06:05Like I got all this gold,
1:06:09right? And there's going to lose its
1:06:10value." So, it's very risky trading
1:06:14price at a time where you don't know if
1:06:17people are going to buy more or buy
1:06:19less. Sell, sell more, sell less. You
1:06:22don't you never know. But as traders, we
1:06:25can make money both ways. So, everything
1:06:27comes back down to market decision. I
1:06:29hope you guys enjoyed the video and once
1:06:31again I hope you learned something from
1:06:33this.

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