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Trading Course Day 9: Identify Reversals — Transcript

by SCI · 2,896 words · 390 segments · language en · Watch on YouTube

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0:00Hi guys, welcome back to another video
0:03on me teaching you how to trade. Today
0:06is day nine and today we're going to
0:08talk about identifying trend reversals.
0:11Um, I'm basically going to show you how
0:13I was able to make over $200,000 today
0:16and one day alone by this setup or just
0:20overall the strategy and the mindset
0:22that I have to overall catch this move.
0:25So, let's get into the video. I'm not
0:27going to take too much time. Um, so
0:29today, let me go ahead and reset this
0:33because it likes to bug out on me. All
0:36right, so today was a pretty clean day.
0:39Um, overall, I want to I'mma I'mma play
0:42the before and then you're going to be
0:44able to see the after. So you know that
0:46this is not, oh, I'm bar replaying and
0:48this is the strategy. So I'mma play the
0:51clip. I took this before I took the
0:53trade or as I took the trade. All right.
0:56So, today we're going to be buying gold
0:58above these levels. So, above this 1
1:00hour level, we can see that price had
1:03bullish momentum. So, from this level
1:05all the way up to here, there was a
1:06correction in the market and now price
1:08is pushing back up. So, if we scale down
1:11to the 15-minut time frame, we can see
1:13that price made a high coming into New
1:15York session. We ended up making a
1:18higher low, which is also a bullish
1:20sentiment. So we can see price push off
1:22this higher low and then target to up to
1:25these lows. Currently uh everything is
1:28looking good. Once again turn on the
1:30session. As you can see price is in New
1:33York session. So we're going to have
1:34that volume coming from New York session
1:36to tap up into these target levels. And
1:39that is because everything above this
1:42level is bullish. So if you see price
1:44was sitting at this level and then there
1:46was a bullish movement. Price ended up
1:48making a new high off that movement. We
1:50had a correction and now price is
1:52pushing back up.
1:54All right, so with that being said, this
1:57was the trade setup that I took. This is
1:59how it went. Um, once again, targeting
2:02up into this level. But the reason why
2:04because a lot of people was asking me
2:06like, oh, I thought price was going to
2:07continue to sell right now.
2:10This is what I want people to remember.
2:12In order to identify a trend, you have
2:14to overall go back, watch video number
2:16one. So go watch talking about trends.
2:20So as I was talking about trends, I told
2:22you the moment price breaks a a lower
2:25high, that's when you need to be in your
2:28head, you need to tell yourself, okay,
2:30this is something's up, price is
2:32changing, something's different because
2:34price should be maintaining the whole
2:36time. If price is going on a downtrend,
2:38it should be maintaining the lower
2:40highs. So every high should be getting
2:42lower and lower. If that is not the case
2:45then the trend is changing right so in
2:47this case right
2:50um as or let me find a different one
2:52right price is up on uptrend I didn't do
2:54this one the reason why I'm avoiding
2:56this one is because it's a little
2:57stagnant but you can see price got low
3:00low low retested low almost a retest low
3:05low and then price ended up going up on
3:08that uptrend for the correction and then
3:10starting back over low low or just this
3:13low low and then price ended up going
3:16bullish one more time and then from here
3:19low low and then so forth so forth right
3:23and then this low right so from this low
3:25it dropped all the way down to here
3:26pulled back made another level of
3:28resistance and tried to sell again right
3:30but I want you to understand price is
3:32always going to maintain a structure I
3:34think you really really have to
3:36understand that price is going to stay
3:39in the fundamental structure at all
3:42times it might look different with the
3:44candles. They might look different, but
3:47everything is still the same when it
3:48comes to those swings. So, we have our
3:50swing swing low, a higher low, higher
3:54low, higher low is respected, higher
3:57low, and then continue and so forth. We
4:00can go on and on, right? But the moment,
4:02so here, right? Higher low.
4:05The moment price makes this higher low.
4:08And there's one right here as well, that
4:11higher low because we can see that push.
4:12Or we can just use this one. It doesn't
4:14matter which one, but I can see that
4:15price came down from this level, shot
4:18down from this level, and then moved
4:19back up in a um very, I guess you could
4:22say a very momentum manner. So, we could
4:25use this one. But the moment price
4:27breaks that structure, you need to
4:29instantly stop thinking price is on the
4:32same trend that you're looking for. you
4:34need to then take it take a look at
4:37what's going on afterwards. So basically
4:39to explain today because I know that's
4:42what everybody cares about,
4:45right? Basically today
4:48price was going on a downtrend. We was
4:51on a downtrend last week for gold.
4:53Great. That is good. We're coming into
4:55Monday. Price has a lower high. So price
5:00goes up. It finds a level of sellers.
5:03Once it reaches those levels of sellers,
5:05sellers end up pushing the markets down
5:08trying to break even more and price
5:10fails to do so. Right? And the reason
5:12why I say price fails to do so because
5:14if we is to look at this, so if we was
5:16to look at any other time frame, right?
5:19So let's say the 15, right? Price pushed
5:22down to this level. And yes, we did make
5:24a new low. We did go and break and make
5:27a new low in the markets on the 1 hour.
5:29It's the same thing too as well. This is
5:31that low and then we see price goes
5:34lower. But
5:37today coming into the markets you can
5:40say yeah we have a new low but that
5:43means price should respect this is our
5:46lower high right even the fact so even
5:48right here right even though these are
5:51giving us new lows price respects the
5:53fact that it has that lower high right
5:55even with anything over here right so if
5:58we go over here if price is bullish just
6:01because it sells doesn't mean it's not
6:03going to respect the support levels that
6:05it has also along with the highs it's
6:07going to know like okay this is the high
6:09and if I'm going to be bullish I have to
6:11break that high same in this in this
6:14standpoint it can't break those support
6:16it's going to respect that as a level of
6:19support if it breaks that then you get
6:22this then you get a whole new trend
6:24right so you got to remember when price
6:26starts breaking structures you need to
6:28overall look at it as like okay what
6:31what should I be thinking now and the
6:33things that you should be thinking is
6:34Okay, price has broken that lower high.
6:37I can no longer continue to think that
6:39this is only a downtrend. So now you
6:41have to be open-minded to what the trend
6:43could possibly be. So coming into uh
6:47last night, price ends up buying the
6:50whole London session coming in from
6:52Asian to London. London session, it buys
6:55up and creates a new high. So, we know
6:59above this level of 3,278,
7:04we know price is going to push from
7:053,278
7:08all the way to 3,296.
7:12Then we get a correction. We still
7:14haven't traded the markets yet. You
7:16still don't have to trade the markets,
7:17right? Because we we can trade um gold
7:20in New York session. So, New York
7:22session for me starts at 9:30. That is
7:25when the bell opens, right? So, with
7:27that being said, price pushes all the
7:29way back down and retestes this level.
7:31Now, in this case, price is grabbing as
7:33much liquidity as possible. Now, I
7:36already can see the comments, oh, it's
7:37just breaking retest. In this case, it
7:40is a break and retest. In this case, you
7:42could call it a break-in retest. I don't
7:44see it as a break-in retest. I just find
7:46it as a correction. And then what I
7:48would do from here is scale down to that
7:5015 minute time frame and then turn on
7:53your sessions. So, if you're looking for
7:54sessions, it's going to be sessions
7:57junior FX addict. It's got 2.2,000
8:00people using it. And yeah, that is it.
8:03So, for the people that keep asking me
8:05what my sessions is, there you go.
8:06Right. So, with that being said, this
8:10session is New York. So, the red one is
8:12New York. Let me make sure I got that
8:13color right. That red one is New York.
8:16Right. So as we start to see in New York
8:19session and this is 8:00 9:30 is roughly
8:22around here roughly around here. 9:30
8:26makes that push above we see rejections
8:29towards the downside showing us that
8:31price is not trying to go anywhere
8:33lower. What you can do if you don't see
8:35anything on here scale down to the five
8:37minute right
8:39scale down to the five minute. So your
8:42first confluence already your first
8:45confluence can be okay price is above
8:48this level. Normally I just enter when
8:50price goes back above this level and we
8:52have rejections to the downside. I see
8:53price came down it went back it went up
8:56had some resistance. Same thing over
8:58here. So the same thing over here and
9:01then there was that reaction. We got
9:02that reaction above that level that
9:04strong push. So this tells me that
9:06buyers are sitting at this level pushing
9:08up price. So, I'm going to go ahead and
9:10delete this so you can see the candles.
9:11So, you can see price here. It's got
9:14stagnant, stayed here, and then price
9:16pushed up once the New York session
9:18started. 9:30 was roughly around here.
9:21So, right around here, price was kind of
9:24stagnant, came down, retested in these
9:26levels, and then had another push up for
9:289:30 coming into 10:00. So these are
9:31things and also here like if you didn't
9:32get in if you didn't get in around that
9:359:30 10:00 price came back down retested
9:38these levels and still respected the
9:40fact that this was a level of support.
9:42It respected the fact that buyers were
9:44sitting here pushing up price. So you
9:47can see that once brought people got
9:50down to this level you can see that the
9:51buyers kicked into the market pushing
9:53the price up. So this lets me know that
9:54there's buyers sitting here and lot
9:56they're not letting price push down. So
9:58if price is rejecting this constantly,
10:01this is letting me know, okay, this is
10:02my support level and price is not going
10:05anywhere below this level. And if you
10:08put that along with the fact that we've
10:10already have bullish sentiments above
10:11this level. So if we go here
10:15and we already tie this in with the fact
10:18that we've already been bullish above
10:20this level,
10:22then everything works out in your favor
10:24once you press that buy button. A lot of
10:26people caught the trade. If you're not
10:27in the Telegram, I would definitely join
10:29the Telegram so you can definitely, you
10:30know, stay in the loop of what's going
10:32on. But I seen um that a lot of people
10:35got in this trade and I'm proud of you
10:36guys. Um I hope I continue to make the
10:39teachings very, very simple. So once
10:41again, all you're doing is looking for
10:43your indication. Your indication is
10:45normally going to be the first breakout.
10:47You're going to be on the 1 hour time
10:48frame. So we're going to be on one hour
10:49time frame. Let me go back to my
10:51original chart. Boom.
10:55We're going to be on that 1 hour time
10:56frame. We're going to see that
10:57indication. The correction is going to
10:59happen and then we use the volume coming
11:01in from New York session to push the
11:03markets in the direction that we want
11:05it. So notice how price only pushed in
11:07one direction the whole time in the
11:09markets. So that's something you want to
11:11be in or that's something you will start
11:13to notice like you cannot be getting in
11:15and out of trades all throughout the
11:16day. Like normally when price is ready
11:19to push it pushes in that one direction
11:21for mostly the whole session. So notice
11:23how this was all like after
11:27right around 12 like soon as 12 hit
11:29price started to take off and it was
11:31smooth selling but by that time you was
11:33already up a couple of pips in profit
11:35anyways and by this point you feel super
11:38comfortable in your trade and everything
11:39else is just risk-f free at that point.
11:41So then once you get to the target
11:43remember when you get to your targets
11:45set soft TPS. So basically what this
11:48means is what gurus like to say is TP1
11:51TP2 like those those are your soft TPS.
11:54You don't want to put your um your
11:57limits or your orders at this level
11:59completely because then you can have
12:01price tap that level show a little bit
12:03of resistance because remember sellers
12:05are sitting here right so whenever
12:07you're you're in buys you're always
12:09targeting the swing high made on the 1
12:11hour time frame. So this 1 hour time
12:14frame made this swing high right here.
12:16Let me zoom so you can see it. It made
12:19this swing high right here. Price pushed
12:21back higher low and then we use that
12:23momentum. Now we have a new swing high.
12:26Right? So whenever you're buying, you're
12:28always targeting the swing highs first
12:29and then you're looking for price to
12:31continue just a little bit more because
12:33you're using that 1 hour time frame. So
12:35normally when you're using that time
12:37frame, price is making that higher low
12:39and then you need that higher high. So
12:41just like I said, when price is
12:43trending, it's going to look for that
12:44higher high.
12:46create a support, look for a new one,
12:48and that's how price trends. You always
12:51want to catch the trends. And these are
12:52the ways that I'm teaching you to, you
12:54know, be able to see this so you can
12:56catch the trends because there's people
12:58now in the Telegram that are holding,
13:01you know, gold buys and they're up in
13:03profits. And you know what? They gold
13:05can keep buying and they're going to be
13:07in this trade for a long time and
13:09they'll be able to profit off of one
13:11trade and they don't have to trade for
13:13the rest of the month. That's all I'm
13:15trying to teach you guys. I'm not trying
13:16to sell you anything. I'm just trying to
13:18teach you guys the proper way or how I
13:21see the proper way to trade very simple
13:24without all this extra nonsense that you
13:27have to learn. People think that you
13:28have to learn all this crazy nonsense
13:31that's on the internet. You don't have
13:32to like this is the simple way if you
13:35actually you know take it take it in
13:38understand it or even give it give it
13:41some thought. Like some people kind of
13:42look at this and be like, "Ah, it's too
13:44easy, so I don't want to trade this
13:45because they want to go learn all the
13:47complicated stuff." Like I make more
13:49money than the people that use all the
13:50complicated stuff. But it is what it is.
13:54Um that was today's uh that was today's
13:56setup. Now we have a new high. Price is
13:59going to most likely give us a
14:00correction back onto this level and then
14:02we're going to continue to trend later
14:03on. Um let's see cuz this could change
14:07especially with um the fact that it is
14:10bearish. So if we go and scale out, we
14:13can see that the overall trend is
14:14bearish. We was able to capitalize off
14:17of um buys today, but there is a new
14:19indication to show us that under this
14:22level, price is going to be bearish. So
14:24we're going to wait for that um time to
14:26come. But for the meantime, price is
14:29acting bullish on the 1 hour time frame.
14:31This is the time frame that I use the
14:32most anyways. So this is the time frame
14:35that I like to follow. And um I already
14:37profited on the trade that I made today.
14:40So yeah, with that being said, I hope
14:42you learned something from this lesson.
14:44Um, normally I like to break everything
14:46down from the actual charts. So I don't
14:49like to do like the whole bar replay. I
14:51like to get into a setup and then show
14:54you the before and after of the setup so
14:56you can see exactly what I'm talking
14:58about.

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