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Trading LIVE With The World’s #1 Prop Firm Scalper ($2.5M+ Payouts) — Transcript

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0:00You know, we want to talk about A+
0:01setup. This is about what 10 minutes and
0:03we're talking close to $20,000.
0:05>> I usually trade one minute time frame.
0:07Yes. But I will also monitor the 15
0:09seconds and the first seconds chart.
0:11Yeah. It's not noise. It's not noise. I
0:13know a lot of people will [music] say
0:14even 1 minute is a noise. But actually,
0:17it's giving a lot of information. For
0:18example, the displacement and the speed.
0:20You can only see it on 15 [music]
0:21seconds chart. Just literally telling
0:23you even if you're blind, you will see
0:25it. This trader did 1.1 million in a
0:28single payout using this exact ICT
0:31scalping strategy. One of the best prop
0:33firm traders in the world. Introducing
0:36Candice BL session the move moving so
0:39fast. If you miss this information, you
0:41will just miss the entry. I got to say
0:43all the beginners you have to [music]
0:44master timing first. If I had to use a
0:46larger stop block to enter, that means
0:48that is not the entry point. [music]
0:50This is not the correct entry point for
0:51my
0:52>> Okay. No, I like that mindset. Candace
0:54trades live every single day using this
0:56exact ICT scalping strategy. And in this
0:59episode, she breaks down that strategy
1:01step by step. You will see trades where
1:04she makes tens of thousands of dollars
1:06in mere minutes.
1:07>> This is just one account making 4,000
1:10with copy trading like Apex. If you do
1:1220 account, 4,000 can be a lot.
1:14>> $4,000 in 9 minutes on this trade. And
1:16would you class this as an A+?
1:18>> This is A+. And you can see I enter with
1:20a larger position size. And also I hope
1:22for longer but this one I am just so
1:24confident of it. I can have a tight stop
1:26loss. So I just enter five contracts at
1:29the same time.
1:29>> And not only [music] that, Candice
1:31trades lie. The exact same concepts in
1:34this very episode on chart fanatics.
1:36>> When we see something like this happen,
1:38you will already know your setup is
1:40going to happen. Even AP setups can turn
1:42into losing trade. I'm not only taking
1:44Ap setup [music] but also BS and C
1:47setup. Got you.
1:48>> And the reason is that
1:50>> where should we begin today?
1:52>> Well, first thanks for having me. I mean
1:54like I know you asked me since last year
1:57and I was like, "Oh, it's I'm too
1:59overwhelmed for being on camera."
2:01>> But right now I'm kind of getting used
2:04to on camera and on the screen. So it's
2:06my pleasure to be on here.
2:08>> Well, yeah. We should let everyone know
2:09that you live stream is what you live
2:11trade on YouTube. Um, so obviously, as
2:13you said, come a long way when it comes
2:15to the camera, but I'm sure when I asked
2:16you, it was near when you got that
2:18payout. I'm sure everyone was everyone
2:20was probably DMing you and messaging
2:22you. Uh, so I know I really appreciate
2:24you being here and again, it's
2:25incredible that you not only have done
2:27what you've done and achieved, but also
2:28trade live. You know, live trading can't
2:30be beat because it's just the ultimate
2:32transparency. But, you know, today in
2:33terms of the strategy, where should we
2:35start here on the whiteboard? Okay. So
2:38first um probably most of the traders
2:41already know that um I'm a ICD trader.
2:43So I mainly trade IC concept. I did
2:46learn other concept before but right now
2:48exclusive trade ICT concept only and I
2:52watch other episode like ch king and
2:54tina trace jcap. So um our concept is
2:58probably very similar because like it's
3:01ultimately the same concept. So I will
3:03show you I think so some of the people
3:07that don't know IC concept what is that?
3:10So for ICD taught us the market is run
3:14by an algorithm which that algorithm
3:17will targeting some liquidities and also
3:20creating liquidities and those
3:22liquidities that are actually the stop
3:25orders.
3:26>> Yes.
3:28So this is like what traders always put
3:31their stop stop loss or stop limit on
3:34maybe the swing high or the swing low.
3:36So these are what we are targeting on
3:38the whole trading plan.
3:40>> So um because I trade both London
3:42session and session and I mean the
3:45trading model is the same but we have to
3:48have different trading plan because
3:49obviously the volatility is different
3:51and you know the market condition is
3:53different too. If some of you already
3:55know AMD which is the accumulation,
3:58manipulation and distribution. So when
4:01we trading London session, what we want
4:03to see for Asia session will be
4:07>> something like this Asia range.
4:09>> Okay. Yeah.
4:09>> Yeah. But like this is like just an
4:11example because price don't really act
4:13like this. I wish it did right.
4:14>> Yeah. Yeah. So and the manipulation will
4:17be something like this and then here. So
4:20this will be the London session we
4:22>> Yeah. Yeah.
4:22>> And then the distribution will be this
4:24one the new session.
4:26>> So um if we are trading London session
4:29here like for example this is the Asia
4:32high
4:35and this is the Asia low then what we
4:38have to wait will be a manipulation
4:40sweeping this high.
4:42>> Then this high may not be like this
4:44right. It can be just a relative eco
4:46high or uh daily high, previous daily
4:50high or even session high maybe New York
4:52PM session high something like that.
4:55>> So because um in IC concept we have a
4:59concept called Kong. So that's London
5:01Kilzone and New York Kong.
5:03>> For London Kong is start at 2 am eastern
5:05time to 5:00 a.m. Eastern time. So I
5:08don't I have a woo for myself. I don't
5:10trade before 2 a.m. Eastern time.
5:12>> Okay.
5:12>> Yeah. But like if the move happened like
5:16this one, this um the cruise sweep
5:18happened before 2 a.m. I would not do
5:21anything.
5:22>> You won't?
5:22>> Yeah. Yeah. I won't I won't enter it
5:25because I used to do that and obviously
5:27my experience tell me this is not the
5:29good thing to do because you will just
5:31get rid Yeah. So,
5:33>> you think it's because
5:35>> yes, sometimes it might happen before 2
5:37a.m., but
5:39that is on a lower occurrence. Like, it
5:41happens less of the time. But then,
5:43let's say you get used to taking trades
5:45before before 2:00 a.m. Eastern. So,
5:48then when you've done it one time and it
5:50worked, you end up doing it a bunch more
5:52times and it doesn't work.
5:53>> And then therefore, you're in this spot
5:55where yes, you might be profitable. So a
5:57lot of people they understand the
5:59concept for example but then they
6:01struggle with their discipline or
6:02struggle having the right rules. So your
6:04rule here being strict I won't trade
6:06before 2 a.m. even if it's setting up
6:09right even if it's if it is correct
6:11because what it can do is then force you
6:12to then take more trades before 2 a.m.
6:15and then those times it doesn't work out
6:16and you end up taking losses and then
6:18there's and it might be a case when
6:19you're profitable but those losses add
6:21up to a point where you break even or
6:22lose it. Does that make sense? Um yeah
6:25because like uh I'm from Asia. I was
6:28living in Asia at the time. So obviously
6:30during the Asia recession I already wake
6:32up. Okay.
6:33>> Exactly.
6:33>> Yeah. So I got nothing to do. Of course
6:36I'm going to turn on the charts and want
6:37to see how price sessions doing
6:39>> and if I keep on staring the chart I
6:42will want to take a trade which I did at
6:44my very beginning of my trading career.
6:47And but like this is like a trap. Like
6:50price is like tempting you to get in a
6:54trade. Yeah.
6:54>> But the real manipulation didn't happen
6:56yet. You may can you probably can take
6:58some scalping. Yes. But like if you want
7:01to capture a larger move, you probably
7:03need to wait for 2 a.m. session to
7:05start.
7:05>> Yeah.
7:05>> And since we um I trade Lon session for
7:09so many years. So
7:11>> I know that like for 2 a.m. Yeah. 2:30
7:14and 3:00 a.m. 3:30. That's going to be a
7:16move. So, this is like very important. I
7:19have to wait until that time to happen.
7:23>> Perfect. So, it was uh 2:00 a.m.
7:26to is it 5:00 a.m. you said?
7:28>> Yes.
7:28>> EST for London Zone. Perfect. So, within
7:31that time, you even have specific
7:33windows within there that will be more
7:36favorable that you would be looking for
7:38as well.
7:39So, for example, like um I start the
7:42live streaming on YouTube at 2 am. So,
7:45obviously I can't get in at 2 a.m.
7:46because I just start the stream. So, I
7:48probably will just talk about my top
7:50down analysis first and then we will see
7:52if our setup happened at 2:30.
7:54>> Gotcha.
7:55>> If not, then we need to wait until the
7:573:00 a.m.
7:58>> Yeah.
7:58>> Yeah.
7:59And so when you see the sort of Asia
8:02high get run really the foundation of
8:04your trading and this whole strategy as
8:07you mentioned is looking at that
8:08liquidity aspect. So from liquidity you
8:11go down to AMD which is essentially
8:13almost uh a full playbook of liquidity
8:16right. So that accumulation which is
8:18then accumulating those orders. The
8:20manipulation is then taking a sweep sort
8:22of doing two things at once, right? It's
8:24taking stop- losses or inducing some
8:26form of uh liquidity here. In doing so,
8:30it's probably buy, you know, adding in
8:31buyers because a lot of people are then
8:33being manipulated in two ways. One, the
8:35shorts and those stop orders, and two,
8:37those buyers then trying to think, okay,
8:39we're breaking out. So they start adding
8:42orders which then adds more liquidity to
8:43the downside which then you get that
8:45manipulation and then of course from
8:47there your distribution or your next
8:49move right the real move if you will.
8:51>> So is that where you say like liquidity
8:53is such a foundation of your strategy.
8:56>> Yes I would say that but this is just
8:58the framework. So when we really looking
9:00for a trade
9:01>> well first of course we need to do the
9:03top down analysis
9:04>> of course
9:04>> which including weekly candles and daily
9:07time frame
9:08>> because sometimes there probably won't
9:11have Asia high because Asia session
9:13doesn't look like this all the time
9:15right sometimes it's probably
9:19like this yeah because uh in recent
9:23weeks or months Asian session sometimes
9:26got 300 points move or more or 600
9:30points. I saw it before.
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11:26>> So, at that time we can use this method
11:28because like there's obviously no
11:30consolidation for Asia. Yeah. Yeah,
11:32>> then we will have to focus on the daily
11:35liquidity
11:36>> for example daily FOG or previous daily
11:39high or even um last week daily high so
11:42these external equity
11:44>> um in lower timing it's external decree
11:46but like in high timing those are
11:47internal liquity so I would focus those
11:51>> and so when you have a session like that
11:53where it's not as clear not as you know
11:55textbook if you will in terms of a
11:57really tight range then you would look
11:58at those higher time frame uh liquidity
12:01points
12:01>> as is your reference. And so let's say
12:03for example, you know, it's a case where
12:05you don't have the tight range and you
12:07don't really have anything in terms of
12:08like a higher time frame liquidity
12:10point. Is that when you just have to sit
12:11on your hands, take a step back?
12:13>> I used to be like that, but since I'm
12:16live streaming, I can't just tell the
12:17audience, okay, today we got nothing.
12:19Just okay, I close the stream now. It's
12:21not possible, right? So um at that time
12:24I will target um something called
12:26midnight opening price which is um you
12:30have to draw a line from the 12 um o
12:33from EST. So that line will be used as a
12:37reference because it's acting like a
12:39magnet. So price price will always want
12:41to come back to the M O.
12:43>> Gotcha.
12:43>> Yeah. So I would target the M sometimes
12:46and also N new week opening gap N
12:50opening gap. These are all um very
12:52important for us to trade on the
12:54session.
12:54>> So these like the the magnets for price,
12:56right?
12:56>> And do you find that because especially
12:59when it comes to London as you say in
13:00comparison to say New York is that you
13:04those points are where you price will
13:06keep accumulating. It's almost like the
13:07average price will keep accumulating and
13:09then you'll see the real move take place
13:11later in the day.
13:13>> Um because like I'm a sculper so I don't
13:15really need to wait for don't need
13:18really need to trade a whole daily
13:19range. M.
13:20>> So this is like um what a daily candle
13:25will form as AMD
13:27>> the whole thing. Yeah.
13:28>> Yes.
13:30>> Something like this. So price going up
13:32or maybe going down
13:33>> with value swing. So we keep on creating
13:36here we call it the LL which is low
13:42resistant warm.
13:43>> Mhm.
13:44>> Because like this actually happen all
13:46the time. you if you look at the lower
13:47timing, it didn't have to be like um a
13:51certain session or certain macro.
13:53>> So when we see something like this
13:55happen, you will already know that your
13:58setup is going to happen. So all you
13:59have to do is just wait for it.
14:01>> But you have to be very patient because
14:03you don't know like when price like this
14:07you may thought okay the manipulation
14:09happen. So right now the liquid one will
14:11be happen to probably not because
14:13sometime it's just one more trap you
14:17need to wait.
14:18>> Yes.
14:18>> So yeah this is the the tricky point. So
14:22you have to very patience for waiting
14:24the uh pt to exist. Yeah
14:26>> understood. In terms of ICT concepts,
14:28one of the things that people can
14:30struggle with is the amount of different
14:32concepts, right? In terms of uh we
14:34talked about AMD, we talked about
14:35liquidity, uh we talked about uh low
14:38resistance liquidity runs, uh PD arrays,
14:41kill zones, um there's so many different
14:44concepts. So what was it like for you in
14:46terms of you know one obviously learning
14:48and sort of beginning to build more
14:50confidence and and discipline around
14:52those concepts but equally I'm sure
14:55there's concepts that you don't use
14:57right [clears throat] because there are
14:58that many how did you go about sort of
15:01identifying okay these are the concepts
15:02for me that that worked best and and
15:05what what did that look like in terms of
15:07like testing or or over time sort of
15:09building your confidence?
15:10>> Well that's a really good question
15:11actually. Yeah, because like I would say
15:15you have to find something that's
15:16suitable for your both your lifestyle
15:18and your personality. For example, for
15:20me, I was living in Asia. So, I'm not
15:23going to spend too much time on trading
15:25or even tape reading the new session
15:27because I will be exhausted. Like
15:29>> I probably can do it once or twice, but
15:31if I do it every day, every month, every
15:33year, I'll die,
15:35>> right? So that's why I, you know,
15:37developed my own concept, my own model
15:39with trading the London session and the
15:41market open, New York market open.
15:43>> Okay.
15:43>> So because New York market open, uh, if
15:46I still live in Hong Kong, New York
15:48market open at 10:30 p.m.
15:51>> Okay. Just just about.
15:53>> So yeah, so it's already like end of my
15:55day. So I don't want to keep on working.
15:58So that's why I will like adjust my
16:01model. And also, um, you have to look at
16:03your personality. Are you a person that
16:06okay for leaving a lot of profit on the
16:09table
16:09>> or are you someone that you love to
16:14trail stop loss
16:15>> or if the price go back to your break
16:18even you will be like really frustrated.
16:21>> So
16:21>> for me I am um the one that's frustrated
16:25about break even. Oh really?
16:26>> Yes. Um most of the time I don't like to
16:29like spend too much time on the trade. I
16:32mean I know loan session is kind of slow
16:35price session so you will probably have
16:36to spend more time on it but for newer
16:38session I usually end the trade within
16:4115 minutes.
16:42>> Yeah. Yeah.
16:43>> So and I don't aim for like 100 points
16:47200 points if like if price just work
16:49like that it's fine but like this is not
16:51my main target.
16:53>> So I just want to the price to get into
16:55my target and I can get out. So um
16:59sometimes my community will ask me why
17:01don't you hold for longer like why don't
17:03you become diamond hand yeah but this
17:06one is actually making me feel better
17:08because
17:09>> if I hurt my mental capital once or
17:11twice do it every time it's not helping
17:14me at all I don't feel good about keep
17:16on trading the same model
17:18>> so you definitely need to adjust it for
17:20this
17:21>> and when it comes to that the one
17:22question that comes to mind as you say
17:24and even though it might be unique to
17:26you in terms of being in Asia and then
17:28New York open being around 10:30 p.m.
17:31But even for people out there like
17:32learning how to
17:35be focused within their trading session
17:38so that they're really only focused on
17:40what's going on in that session so they
17:42can execute properly and and to their
17:44plan.
17:44>> You know, for someone who's had their
17:46whole day and then is trading you
17:48literally when your day is meant to be
17:49finishing.
17:50>> What was that like for you, you know, to
17:52be alert and to try and be focused
17:55>> you at the end of your day? Were there
17:57any things that you would have to do or
17:58any sort of routines you would have when
18:00when trading in Asia and and sort of
18:01trading that New York open?
18:03>> Most of the time I was trading two to 4
18:05am only. But because of the live
18:06streaming,
18:07>> um I sometimes have to continue the
18:11whole thing. So until 5:00 a.m.,
18:13>> but it's already 3 hours. That's a lot,
18:15right?
18:15>> Yeah.
18:16>> So, and then after the learning session,
18:17I would take a break like the PNY
18:20session. I won't even look at the
18:21charts. Like whatever happened is just
18:24none of my business
18:25>> really. Okay.
18:25>> Yeah. And I will come back to the chart
18:27at 9:00 a.m. Eastern time. Yeah. So I
18:30will see if this kind of thing is
18:33creating the crity. Most of time is
18:35actually there. Yeah. Yes. Most of the
18:37time it's actually there. So all I have
18:40to do is just wait for that manipulation
18:42and then target the low resistant
18:43liquity. So it will end very soon. Yeah.
18:48So would you say actually by spending
18:50less time on the charts and allowing
18:52yourself to sort of rest and recoup so
18:55that when you come back to the chart
18:56you're not you have because I think
18:59chart time is an interesting thing
19:00especially when you're a beginner trader
19:02a lot of people
19:04>> always tell you a chart time chart time
19:05chart time which is kind of true in one
19:07sense like okay you can learn especially
19:09as a very brand new trader cool you can
19:11learn the concepts you can
19:12>> get a better idea of the charts and
19:14their movements but once you have your
19:17models I think more chart time can be
19:19harmful because especially if you're on
19:21the lower time frames, right? Um, you
19:23know, it's so easy to get sucked into
19:25trades, so easy to start having analysis
19:28paralysis because you're seeing up
19:30moves, you think are bullish, you're
19:31seeing down moves, you're saying
19:32bearish, and start to overanalyze charts
19:36>> versus if you take that step away, you
19:39you allow yourself when you come back to
19:40just dissect what has happened and then
19:43have a plan,
19:44>> right? Um, so would you say that's a big
19:46thing for you is taking that step back
19:47so not watching the charts so that when
19:49you do come back for New York it's it's
19:50fresh
19:51>> because like I used to spend at least 10
19:54hours a day on charts like
19:57>> when I was still learning you know we
19:59got a lot of I see videos to watch and
20:01also I mean always taught us to like
20:04tape reading so I wasn't trading I just
20:07tape reading but
20:08>> let's take a break for a minute there
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20:59back to the episode.
21:00>> The tape reading help me to understand
21:02how price session works. What does it
21:04mean when this candlestick happen? like
21:07um when there's a hammer, when there's a
21:09shooting style, what does that mean?
21:10>> So these things are I mainly learn by
21:14chart time. So so this is necessary for
21:17beginners I got to say. But after a few
21:20years you get impoverable then maintain
21:23your mental capital will be more
21:24important
21:25>> more focused. Yeah. I I love that. I
21:27love that. In terms of uh where we've
21:29gone so far so we've talked about in
21:31terms of the setup and the sort of
21:32thesis of the trade. Um but in terms of
21:35like the entry or going into those lower
21:37time frames, what does that look like?
21:39Do you have like a specific entry model
21:41or is there multiple that you can look
21:44at entering if they present?
21:45>> Um I would say two me okay
21:49>> so I would I can talk about the flow
21:51first like how the thing actually works.
21:54>> Perfect. Yeah.
21:55>> First one will be the higher time frame
21:57analysis right.
21:58>> Yes definitely. The second will be you
22:01have to look for the premium
22:07>> for premium discount.
22:08>> Yeah, premium discount. And the third
22:10one will be the thing I just talked
22:11about the liquid pool.
22:13>> Yes. Mhm.
22:17>> So I think this one is very important
22:19because with our office liquid pool
22:21there's no setup at all. So you have to
22:23wait until this thing happen.
22:24>> There's no liquidity pool. Was it each
22:26one? You need each one.
22:27>> Sometimes there will be no liquidity
22:28pool. Okay. things like that. Yeah. I
22:30mean a small minor cre but not as
22:34obvious as those like ll.
22:36>> Mhm.
22:37>> And the fourth one is the
22:41liquid.
22:43>> Yes. How important is it to have
22:45criteria?
22:46>> Yeah.
22:47>> You know like before be being profitable
22:49what did your trading look like? Did you
22:50have like fixed rules like this and and
22:52things to focus on?
22:54>> Yes.
22:56For example, we talk about this is the
22:57manipulation, right? And after the
22:59manipulation we have to look for the
23:01setup, right? So that setup I use will
23:03be mainly IFG and FG.
23:06>> Gotcha.
23:06>> Yeah. So,
23:12so I can show it here.
23:14So for example,
23:16price go down.
23:17>> Yeah.
23:18>> And there will be some bearish
23:21candlestick
23:23and bearish FG2. So all we have to do
23:27when the bearish FG happen, we already
23:29have to expect assume this will turn
23:31into IFG because we know that this is
23:33the manipulation. Yeah.
23:35>> And all we have to do is just wait for a
23:37valid FFG. But the valid IFG means um
23:40when price go back. So
23:46>> FVG uh meaning fair value gap.
23:48>> Yes, fair value gap. So when price when
23:51we got another bullish candlestick,
23:54>> if we enter here like inside the bearish
23:56FG,
23:58>> it's not a valid IFG.
24:00>> Okay.
24:00>> Like it's not valid yet. It's still a
24:01bearish FPG.
24:02>> Mhm.
24:03>> We call it CB sometimes.
24:05>> Yep. That Yeah.
24:06>> But like if you been very familiar to
24:10this model and you want to get an
24:12aggressive entry, you can enter here.
24:13Like sometimes I enter here. uh for
24:15beginner they they don't know how to
24:17operate with that model first you cannot
24:20enter here
24:21>> so you need to wait
24:23>> until a valid IFG happen
24:26>> which mean these bullish candlesticks
24:28already pass the bearish FG
24:30>> got you let me just highlight this out
24:32so the value gap would be obviously the
24:35>> point between uh the candlesticks just
24:38for the audience I'm sure again I'm sure
24:41you know a lot of the audience have
24:42already watched ICT videos but just in
24:44Okay. So, and I'm not an ICT trader, so
24:47you can teach me if I if I'm wrong, but
24:49I've seen fit value gaps for a very long
24:51time. Um, so let's say something like
24:54this. And then let's say something like
24:58that, right?
24:59>> Yeah.
24:59>> So then in this instance, if there's
25:02wicks on either side, the fair value gap
25:03would be these points here. Exactly.
25:05>> Right. And then what you're saying is is
25:08that aggressive entry for people who
25:10aren't as new might be a case where if
25:13price comes in and closes like this,
25:15that's still bearish in this case in
25:17this example. But an aggressive entry
25:19could look here, right? But as a safer
25:23option and especially for beginners,
25:25you're saying a valid uh inverted fair
25:28value gap would be if price then closed
25:32all the way, right?
25:33>> Yes. uh which would then make that an
25:35inverted fair value where you would
25:37continue that over I imagine and what
25:39you're looking for I guess in terms of
25:41entry I'll give it back to you now sorry
25:43um and this was in relation to this sort
25:46of price move right
25:47>> exactly
25:48>> perfect
25:48>> so yeah we will want the candlestick
25:52probably a little bit higher
25:54>> okay yeah because like if it just one
25:57pawn higher or one tick higher than the
26:00um original bearish it's probably not
26:02that valid Yeah.
26:03>> Mhm.
26:04>> But if we
26:04>> a really aggressive move
26:07>> because um what we are looking for is
26:08actually the six point which is
26:14>> displacements plus speed.
26:18>> Got you.
26:18>> That's why we need a like huge
26:21candlestick close above it the bearish
26:24FG. Mhm.
26:25>> Yeah. But after it um we still have the
26:27average entry, right? Price will retrace
26:30>> back to here.
26:33So you can still enter with the same
26:35>> entry point.
26:36>> In terms of entries, do you look at uh
26:38using manual execution or would you look
26:41in this case would you have like a limit
26:43order?
26:44>> Uh no I enter with market order. Okay.
26:46Yeah. Because like
26:48>> when I'm trading I usually trade one
26:50minute time frame. Yes.
26:51>> But I will also monitor the 15 seconds
26:53and the first seconds chart. Okay. Yeah.
26:56It's not noise. It's not noise. I know a
26:58lot of people will say even one minute
27:00is a large but actually it's giving a
27:03lot of information for example the
27:04displacement and the speed
27:06>> um you can only see it on 15 seconds
27:08chart but it didn't mean I have to enter
27:10with a 15 seconds PD I just use it to
27:13see the displacements and the speed.
27:14>> Got you. Yeah. And in terms of that then
27:16a good good uh point to make. So like
27:18entries for example um you're looking at
27:211 minute and 30 and 15 seconds right.
27:25>> Yeah. But so when people hear that as
27:27you said is like you know noise or or
27:29people can sometimes be like ah that's
27:31too aggressive. However what I like to
27:34point out here which you've already done
27:35which is point number one on your plan
27:37which is higher time frame. What what
27:39does higher time frame really uh come
27:41down to for you would you say in terms
27:43of which time frames
27:44>> for this example you know are you
27:46specifically looking at you've already
27:48mentioned weekly daily before but are
27:50there like the 4 hour 1 hour which
27:51specific time frames would you class as
27:53your higher time frames and why before
27:55you get here why is important to have
27:57your higher time frames
27:58>> I will like besides the daily time frame
28:01I would use the 1 hour apogee
28:02>> 1 hour okay
28:03>> like I've been using it so many years
28:05it's I know a lot of traders use 4 hour
28:09But for me forest isn't that important.
28:11It's actually not affecting the model or
28:13my outcome too. So I will only focus on
28:16one hour ag. And sometime even it's very
28:18small the gap probably I don't know two
28:20points I will still I still use it. It
28:23just because it works every time. That's
28:25why I keep on using it.
28:27>> So the one hour agree
28:32pool which is
28:33>> um high timing internal liquidity but I
28:35will also use this as the lower time
28:37external liquidity. So if I enter here
28:40and I see a one hour FG here, I will at
28:43least close it with take parasle or
28:46>> yeah close the whole position.
28:47>> Understood. Understood. And by having
28:49that higher time frame, does that allow
28:51you when navigating these one minute and
28:53the seconds charts,
28:55>> does it allow you to just have more
28:57confidence, right, in terms of what
28:58you're looking for?
28:59>> Yeah.
29:00>> Versus, you know, a lot of people,
29:02>> they say they do top down analysis, but
29:04they don't really, right? They allow
29:06themselves to kind of that's why they
29:08class it as noise. They allow themselves
29:10to get distracted by those lower time
29:11frames
29:12>> and then get thrown off plan, get thrown
29:14off the original direction. So
29:16essentially they end up getting
29:17manipulated, right? So even though they
29:18might have the plan of AMD if they have
29:20that plan in the first place, but let's
29:22say they do, even if they have that
29:24plan, they allow that lower time frame
29:25to sort of get to them and and sort of
29:27get their emotions riled up and get off
29:30plan, right? So, do you do you find that
29:32having that higher time frame focus and
29:35foundation allows you when navigating
29:37the lower time frames for your entries
29:39not to get thrown off?
29:40>> Yeah, sure. So, because like uh as I
29:44said before, I'm not those who trading
29:46the whole daily range.
29:47>> Yes. So switching to lower timing is
29:49actually helping the whole outcome
29:51because
29:52>> for example like there does shisies aim
29:55for 20 to 30 points or even 50 points
29:59>> and it can happen in just a short period
30:00of time. You don't have to hold it until
30:02you get to 100 points or 200 points. So
30:05>> uh if you switch to lower time frame you
30:07can see all the minor liquidity pool and
30:09at that time you can just close the
30:10shade.
30:11>> Got you. Okay perfect. So this is the
30:14example of a inverted fair value gap.
30:17>> Uh I will like add one more thing is
30:19yeah when price go back here it's
30:22probably have another
30:24>> Fuji.
30:25>> Ah yes. Okay. So for that that
30:27displacement move.
30:28>> Yeah. So
30:29>> it's a bullish FG at that time. So you
30:32can
30:33>> uh you can enter here after price
30:34retrace.
30:35>> Perfect. And then target wise as you
30:37mentioned already you'll be targeting
30:39sort of a higher time frame. Is that
30:40where you'll be targeting a higher time
30:42frame? liquidity. So maybe that one
30:44hour.
30:44>> Yes.
30:45>> Okay.
30:45>> And I also use one thing is outage gap.
30:48>> Mhm.
30:49>> Which is the regular trading hours gap.
30:51>> Okay.
30:52>> So um after New York market close which
30:55is like 4:00 p.m. Eastern time and then
30:58open again. So that gap I will uh need
31:01to mark it on the chart every day. We
31:03have a lot of indicators doing this too.
31:06So that gap will be one of the very
31:08important reference when we trade the
31:09new market open.
31:10>> Yes. Okay. And then is there any
31:13differences between when you're trading
31:14London versus when you're trading the
31:16New York open?
31:16>> Yeah, exactly. So that is the outage gap
31:19is actually make it easier for you to
31:21trade the New York market open.
31:22>> Okay.
31:23>> Uh it doesn't mean that when there's a
31:25outage gap price will always go back to
31:27it. It doesn't mean that we still need
31:29the manipulation. We still need to see
31:31the liquidities but um when we have this
31:35as a reference we understand how price
31:37going to do like what is it going to do.
31:39>> Understood. Okay. And [snorts] uh where
31:41where should we go from here?
31:42>> Um so actually this is the right.
31:45>> Mhm.
31:46>> So and
31:48when we see the displayments for speed
31:50which is here.
31:51>> Yeah.
31:51>> Then we enter it.
31:52>> So we will I would step my stop loss
31:55here
31:55>> at the low. Yeah.
31:56>> Yeah. At the low. But sometimes if the
31:59like you know new session is just so
32:01volatile probably if you set it on swing
32:03low it can be 50 or 60 point. Okay. So,
32:06I have uh like a rule for my stop loss,
32:09okay? Which I know like some traders
32:11probably don't agree with it because
32:12they will say you shouldn't use
32:14standardized points for stop loss. You
32:16should just use PD.
32:18>> But for me, if I traded in Luna session,
32:21um 20 to 25 points is my maximum.
32:24>> Okay.
32:24>> Yeah. And for LE session, because of the
32:27fertility, I can use like 30 to 40
32:29points.
32:29>> Okay. So, you would rather go with sort
32:31of an average that you use every time.
32:34>> Yeah.
32:34>> Okay. Okay. Well, where where did you
32:36sort of pick that up from? Is that just
32:38from your experience of trading over
32:39time?
32:40>> Yes. Actually, when we learn from ICT,
32:45>> you can see like his entry sometime is
32:48five points or 10 points. So, it's
32:50possible. It's possible. It doesn't mean
32:51we have to do this, but
32:53>> uh we're not going crazy to have such a
32:55tight stop loss.
32:56>> So, when I used to trade London session,
33:00which is like last year, because like
33:01Ank wasn't 30,000 at that time. So I
33:05actually use 15 point at that time but
33:07right now because like the range is
33:09different so
33:10>> I make it larger a little bit. So you
33:12make these adjustments based on the
33:14market conditions like the volatility is
33:16higher you know okay I I need to
33:18increase accordingly or if the
33:20volatility is low you're able to then
33:22decrease accordingly in terms of the
33:24amount of the stock
33:25>> sometimes like for example after 600
33:28points in the Asia session
33:29>> the learn session will be very volatile
33:32>> and also you can see the spread
33:33sometimes it's 2.5 point spread so at
33:35that time if you use 20 points it's just
33:39um not very practical
33:40>> yeah I will lower my position size
33:43probably switch to MNQ.
33:44>> Okay.
33:45>> Yeah, because it I can but that's
33:48nothing smaller than one NQ. So I will
33:50have to switch to MNQ at that time. But
33:53uh the main point is if I had to use a
33:55larger stop lo to enter that means that
33:57is not the entry point. This is not the
33:59correct entry point for my
34:00>> interesting. Okay. No, I like that
34:02mindset. And an interesting question is
34:04also is do you because similar as you
34:07mentioned like some people use swing low
34:09that's the rule they have. Uh some
34:11people, you know, as you mentioned,
34:12having sort of more of an average stop
34:14that you will focus on and uh
34:16>> what about the target? A lot of people
34:18have a risk-to-reward model that they go
34:21for.
34:21>> Some people go for, of course, price
34:23targets.
34:24>> Which one do you do you opt for? Do you
34:26go for more of a risk-to-reward or do
34:28you go for, you know, price itself?
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36:46Now, let's get back to the episode.
36:48Well, I would definitely need to use at
36:50least one to two with ratio.
36:51>> Minimum one to two, I guess.
36:52>> Yes. So,
36:55um I use bracket order to enter. So, the
36:57that bracket order is one to two with
37:00ratio and then I will adjust it to the
37:02closest the query pool which was like
37:05the model that targeting.
37:07>> Yeah.
37:08>> So, you want a minimum one to two but
37:10let's say if the liquidity pool is one
37:11to three or four whatever it may be then
37:13you happily extend it to that area.
37:15Okay. And then you mentioned already
37:18that you'd rather sort of be in and out
37:21than rather than capturing the whole
37:22daily mood.
37:23>> Yeah.
37:23>> You know, are there times or certain
37:25conditions where if you see it, you will
37:28adjust your your profit or take profit,
37:30sorry. Or are you someone who scales out
37:32and then can maybe just move your stop
37:34loss higher and higher
37:36>> because I'm sure there I've seen
37:37actually uh from when you've live
37:39streamed and and posted results as well,
37:41sometimes you do get those bigger bigger
37:42moves. Uh so what's the difference in
37:45those days when when those happen?
37:47>> So it just have to come back to your
37:50personality.
37:51>> Okay.
37:51>> Because like
37:53>> sometimes for the whole bullish move or
37:55bearish move I can I only capture like
37:585% or 10%. So but to me
38:01>> to be honest I feel nothing. I don't
38:03feel hurt or like painful or frustrated.
38:06I feel nothing because my target got
38:08hit. This is my trading plan. everything
38:11a lie and I get my money. It's a WJ. So
38:15I feel nothing for that. But if you're
38:18not that kind of person, then you will
38:19need to adjust the model to be like keep
38:22on trailing a stop loss. Got
38:23>> and you need to have a rules for your
38:25like how many bearish candle will you
38:28close the trade like
38:30>> um
38:31>> if the price go like 100 points, you
38:33will move your child to 30 points. Like
38:35these kind of rules for yourself. Okay.
38:37>> But for me, I I don't need it. Have you
38:39always been that way in terms of being
38:40able to accept yeah I've got my my win
38:42for the day?
38:43>> Of course no. Of course not. Like I hurt
38:46myself so many times. That's why like I
38:48can I know that this is the thing I
38:51want. So you have to like experience a
38:53lot of trial and error before you get
38:55your customized model.
38:57>> So what what helped you would you say to
38:59get to that point where you where you
39:01you're okay with
39:03>> time and experience for real?
39:04>> Mhm. Definitely. Yeah.
39:06>> You know, it's so interesting because I
39:08think a lot of people are always looking
39:09for like a secret answer or like some
39:11sort of secret out there. But in
39:13reality, I think is it do you think it
39:14comes to a point where rather than
39:16looking for an answer, you realize as
39:17you've said many times, understanding
39:19your personality and the more you start
39:21to understand that and realize how you
39:23react or how you feel
39:24>> and start making rules around that
39:26instead,
39:27>> the more you'll start to see progress
39:28and start to maybe even trust yourself
39:31to make the better decisions.
39:33>> Yeah. So I would say the aftert thing
39:36you have to do the bat testing
39:38>> and when you do the bat testing you have
39:39to separate it into many templates.
39:41Yeah.
39:42>> Like for example the first one is
39:44>> you just close the trade when the move
39:46is just 5% or 10%. And then second is
39:49like you trail your stop loss and how do
39:51you trail your stop loss like over 100
39:54points or like will you close manually
39:57when the price retrace back to three
40:00bearish candles things like that. You
40:01have to have different templates and see
40:05how's your trading data tell you. They
40:07will the result is telling you.
40:08>> Mh.
40:09>> And I know of course people say back
40:10testing is not is different than the
40:12real trading. Of course because we just
40:14like practicing the strategy the your
40:17mental capital and your psychology you
40:19need to p practice it with demo trading.
40:22>> Yeah.
40:22>> Yeah. And then in terms of uh when it
40:25comes to prop firms for example, is
40:27there anything you do not differently
40:28necessarily but is there anything
40:30specific when it comes to you managing
40:32prop firm accounts and trading prop firm
40:33accounts uh when it comes to your
40:35targets or anything uh that you will
40:37implement when you're trading props?
40:41>> So uh for example like my apex account I
40:44was trading 50k.
40:46>> Yes. And at that time there's a 30%
40:48consistency rule and also a um negative
40:5130% draw down. So you can go down than
40:5430% draw down. So because of those rule
40:57you definitely need to adjust your like
41:00trading strategy. So at that time
41:02>> um but I'm a little bit aggressive I got
41:05to say because
41:06>> on 50k account I will trade two.
41:09>> Okay.
41:09>> Yes. which is uh I saw a lot of traders
41:12said you are crazy if you tra on 50k
41:15which I actually trade two [laughter]
41:18and that's why I trade them on London
41:21session because of the volatility is
41:23lower
41:23>> understood okay
41:24>> that's why I can get a tighter stop loss
41:26and even if I like my trade ID is wrong
41:28I got stopped out it just like I just
41:32lose probably 500 bucks on that 50k
41:34account so I can have at least four
41:35chance at the very beginning
41:37>> understood understood and in terms of uh
41:39one random question uh it's still on
41:42topic but you know you've referred a few
41:44times to you know being able to one
41:46obviously IT ICT's concepts that's the
41:48strategy but equally you know in terms
41:50of like you've seen and sort of observed
41:52ICT you know have sort of smaller stops
41:55and so on and some people consider me
41:57like a hater of ICT which I'm which I'm
42:00not which I'm not um like I'm not a big
42:02fan of you know some of the uh stories
42:06um around the strategy and stuff but
42:07that's just my personal opinion But at
42:09the end of the day, as you've seen, as
42:10you mentioned, I've had Kane on, I've
42:12had Jadecap on, I've had Tanya on, I've
42:14had a lot of ICT, some very successful
42:16ICT traders on who, you know, performed
42:19extremely well. So, there's no doubt
42:21>> in terms [clears throat] of the strategy
42:22and what's possible, including yourself,
42:24right? You you've absolutely annihilated
42:26these prop firms and done incredible
42:28returns using ICT concepts. What my
42:31question is is is in regards to okay,
42:34you know, you hear all this noise around
42:35ICT and ICT himself doesn't necessarily
42:38prove profitability, right?
42:41>> But to you it doesn't matter, right? You
42:43you've created a profitable strategy
42:45yourself from it. Like how have you gone
42:46about one ignoring that noise and two,
42:49you know, being able to develop this
42:51strategy from these concepts? um that
42:55again maybe you know there isn't a
42:57direct education in terms of like you're
42:59watching YouTube videos and and sort of
43:01uh you know observing tweets and so on
43:04um it's not like you have an actual ICT
43:06mentorship or course that you've joined
43:08right
43:08>> so what I'm getting as there's probably
43:10a lot of people in the audience right
43:11now in that same position where they see
43:13the noise they people trying to create
43:15doubts but then they have the proof as
43:17well from traders like yourself
43:19>> and they're in maybe in that bit in the
43:21middle where they're kind of confused of
43:22what to do like what helped helped you
43:24to just focus uh to have that confidence
43:27behind what ICT is teaching. Um what
43:29allowed you to do that?
43:30>> Great question and uh because I said
43:33like before IC concept I did learn other
43:35concept too for example like brick
43:37astrology I was training stock at the
43:39time. So
43:40>> yeah, I try a lot of like recipe
43:42>> and
43:44when I first hear about like ICT, I was
43:46like just another guru, right? Just
43:48another coeller probably. I don't know.
43:52>> But like I changed their mind um until I
43:56listened to one of his Twitter space.
43:59>> So I don't know if you ever listen to
44:01his Twitter space.
44:02>> I've been in one or two.
44:03>> Oh, really? So he not only talk about
44:05trading strategy it's actually not even
44:07talking about trading model or ani it's
44:09mainly about trading psychology.
44:11>> Gotcha.
44:12>> Yeah. So he's actually telling us how
44:15his experience to become a trader in
44:18life. So how's your personal life will
44:21affect your like training performance
44:23because um as traders we're actually a
44:26performancebased
44:28>> career. It's like the professional
44:30athlete. So your conditions, your
44:32mindset will all affect your like
44:35trading performance.
44:36>> So if you're not happy with what you
44:39are, like for example, you want to prove
44:41yourself
44:42>> for some your families, your friends
44:45doesn't think trading is a career, it's
44:47a gambling
44:48>> or you get some payout, but people say
44:52you're a scammer. So you want to prove
44:54yourself, right? But if you drill in
44:56that situation, your mindset is just not
45:00the correct mindset.
45:01>> You're actually doing it wrong. So um
45:04because when I learn other concepts
45:06though gurus didn't tell me this like I
45:09was thinking just learn a proper
45:12strategy then I will become profitable
45:13but no because if we want to see this as
45:16a lifetime career so we have to
45:19understand as a trader is not just work
45:22your personal life alo also part of the
45:25traders
45:26>> yeah so this is why after listening his
45:30like space which is a lot very like
45:32probably over 100. But those are the
45:36gems I would say. So I always recommend
45:38my community don't just watch the IC
45:40videos on YouTube. You have to listen to
45:43his to space because if you want to
45:45improve your trading psychology, those
45:46are the place that you should look for.
45:49>> It's interesting you mentioned that
45:50because uh I heard that feedback many
45:52times the reference to Twitter spaces,
45:54right? Um and again when I I remember I
45:57was in one and I I was
45:59>> the same thing. It was very similar in
46:01terms of like the depth of his
46:03explanation around trading psychology
46:04was something I hadn't heard in other
46:07from others or or even from
46:09psychologists, you know, actual trading
46:11psychologists. Um, and it took me by
46:13surprise as well. I I can see why a lot
46:15of people resonate because it seems like
46:17he's able to sort of step inside the the
46:20mind of the average trader where they're
46:22at, you know, and be able to actually
46:24kind of talk through at a quite a deep
46:26level in terms of, you know, why traders
46:29might react in a certain way, what how
46:31you might feel on a certain day and how
46:34you need to be able to overcome that.
46:36Um, as you said, as performance, you
46:38know, career that we're we're looking at
46:40in terms of trading. Um, so I love that.
46:42No, definitely. Uh before we move on to
46:44say the actual chart examples, is there
46:46anything else that we should cover here?
46:47Um I know we've talked about the entry,
46:50we've talked about the target, talked
46:52about the model as a whole. Is there any
46:53specific rules you have when it comes to
46:55trade management? I know we've talked
46:56about um you know the sort of risk to
46:58reward side as a minimum that we need
47:00and then the target, but is there any
47:02specific rules that you have? I know
47:04we've mentioned already that if a day is
47:07you know more volatile there'll be
47:08different rules but are there fixed
47:10rules you have around risk management?
47:12Um I think I will add one more is like
47:14um
47:16>> I would trail my stop loss.
47:19>> Okay.
47:19>> When the minor minor
47:23liquidity gets ri
47:25>> okay
47:26>> so it can be buy side liquidity or sell
47:29side but
47:30>> um the minor liquidity can be 15 seconds
47:33sharp
47:33>> on 15 seconds shots. So sometimes
47:36there's a equal high on 15 seconds but
47:38you you can see it on one minute or five
47:41minutes. So um if those thing happen we
47:44have to try my stop loss. So it don't
47:46have to it doesn't have to be break even
47:48but you should at least try it to a
47:49tighter stop loss.
47:50>> Okay.
47:51>> So this is what I do
47:52>> is the mindset around that that once
47:53that look sweep has happened price
47:55shouldn't be returning there anyway. So
47:57it allows you to manage your risk a bit
47:59better in the sense of as you said it
48:01might be on the 152nd but now you taken
48:04your let's say a stop that is worth $500
48:07as an example because in your mind that
48:11liquidity sweep's taken place it means
48:13that price shouldn't be going back there
48:15again so let me adjust my stops and now
48:17I've got $400 risk or $300.
48:19>> It's kind of a reversal strategy right
48:21now I'm using. So we are trying to catch
48:24the reversal but sometimes actually
48:27price is just too bearish. So
48:29>> it this sweep the liquidity but not your
48:32target your ultimate target it's just
48:34the minor buy. Got you
48:35>> and then we'll keep on going bearish and
48:37at that time if you don't take parole or
48:39shos you will hurt yourself.
48:42>> Understood. So would you say that
48:43actually those rules
48:45>> are so important for you to be able to
48:48be in the position because like you said
48:49that might not be the actual move. So
48:51maybe that gets stopped out or or the
48:54break even or the or the smaller stop
48:56gets taken, but the real move might
48:58happen next and you still might take
48:59that trade.
49:00>> Yeah.
49:00>> And if you don't manage your risk in
49:02that way,
49:04>> some people when I say aggressive, it's
49:05not in a negative way. It's more like
49:07proactive, you know, being quite
49:08proactive with managing your trade. And
49:10I know Kane's very similar. Um so when
49:12that when you do that that allows you to
49:15make sure that when the trade does take
49:16place next or the next entry criteria is
49:18met you're able to execute that trade
49:20still have capital to do so hopefully
49:22still have mental capital as well
49:24>> because you know you managed your trade
49:25proactively.
49:26>> Yeah. Exactly.
49:27>> So would you say it's a huge part of
49:28your edge?
49:28>> Yes.
49:29>> Yeah. Because do you feel like not that
49:31people struggle with that but that is
49:32something that people do have to train
49:34for and get used to is proactively
49:36managing trades. Um because a lot of
49:39people might just leave their stop right
49:41where it is,
49:42>> take the full stop, the next trade
49:44comes, then they they might it might
49:46happen again, for example, and we'll go
49:48into the the rule around that, but let's
49:49say it happens again, now they're on
49:51tilt. Versus if they proactively manage,
49:53maybe they might have got a break even
49:55because the price allowed them to do so.
49:57So they haven't lost anything. The next
49:58trade comes along, maybe they do take a
50:00loss, but it's only half. And then let's
50:02say the third trade, just for example,
50:04that's the one that works out. and you
50:06were still able to have that mental
50:07capital preserved to execute
50:09effectively. Is that the mindset around
50:10proactively? Yes.
50:12>> Managing your trades.
50:13>> It's actually happened to me many times
50:15because as I trying to catch the
50:18reversal sometimes I'm being too
50:20aggressive because I enter with an
50:22aggressive ane. So there's no valid I
50:24have yet but I enter anyways. I just
50:26want a better resol. That's why I enter
50:29then I hurt myself but because of like I
50:31tr my stops to break even. that hurt is
50:34actually not is only hurting my mental
50:36capital but not like my profit. So I can
50:39just wait for another manipulation to
50:41get done or maybe just skip the day.
50:43Maybe it's just too bearish. There's
50:44just no reversal. Yeah.
50:45>> Got you. And this is going to be my qu
50:48final question on this point is do you
50:50have a rule of how many trades you can
50:52take? you know, as long as it's valid.
50:54Is there a rule of like, okay, once I've
50:56gotten to, I don't know, two or three,
50:58if it hasn't worked out by then, I'm
51:00finished for the day, or will you keep
51:01taking the trade as long as it's still
51:03valid, as long as it's still setting up?
51:05>> I would say it depends on if I'm trading
51:06my personal account or fun account.
51:09>> Okay.
51:09>> Yeah. Because for fun account, you know,
51:11you will blow up your account because
51:13>> like and 50k account and 150k account
51:16are different too. So for me, if it's a
51:19account that already build some buffer.
51:21>> Yeah. So probably 150k I account but now
51:24I got 160 for the whole total account
51:27balance. I would set 3,000 for my
51:29personal daily loss limit.
51:31>> So uh it doesn't matter how many trades
51:34because sometimes I may trail the stop
51:36loss where I maybe I just take parel and
51:38price go back to my entry.
51:39>> Got you.
51:40>> But if it's 3,000 they lost the mean I
51:42will just stop.
51:43>> Okay.
51:44>> Yeah. So you have a limit but rather
51:45than trades dollar amount.
51:47>> Yes. Interesting. Very interesting. And
51:49then you'll just have the similar rules
51:50depending on the account size. Yeah. It
51:52will adjust the amount. And then
51:54personal wise, do you have a similar
51:56rule?
51:57>> Uh I have similar rules, but like
51:58obviously it's going to be percentage of
52:01the capital. Got
52:02>> so understood. I love that. Okay, cool.
52:05Um but so now we should go on the charts
52:07and look at actual trade examples from
52:08this, right?
52:09>> Perfect.
52:10>> So um because I talk about for session,
52:15you have to look at how's the aser
52:17sessions working first. So is there Asia
52:19range? Is there accumulation? Can we
52:22find the Asia high, Asia low? And also
52:24if there is any LL low resistance the
52:26Kore one. So um this is one of the
52:29example for the London session trade.
52:31>> Um I actually took it on live stream
52:34too. So before the London session start,
52:37we need to take a look on the Asia
52:38session and find the liquid pool that
52:41we're targeting. So the first thing
52:44higher time frame analysis I I've
52:46already did it on live stream but when
52:48we switch to the lower time frame we'll
52:50see we got the here.
52:53>> Yeah.
52:53>> Mhm.
52:54>> And also we got the crease whip here.
52:56>> Yeah.
52:56>> This is very smooth. If you like take a
52:59closer look here we got eco high.
53:02>> So it's literally telling you that I am
53:04the cre pool. It's just literally
53:06telling you. So it's impossible if you
53:09can see it. I was I always told my chat
53:12my live chat um even if you're blind you
53:14will see it because it's just that
53:16obvious.
53:17>> So after the licris rep here so you can
53:20see the time is 156 right. So with this
53:23tracilla trade replay function.
53:25>> Mhm.
53:26>> We will just get into trade here.
53:29>> So now we're past 2 a.m.
53:30>> Yes. We pass with your rules. Yeah.
53:33>> And after this the c we keep on creating
53:38low resistant crew here. So I can just
53:40zoom a little bit here. Right. So
53:43smooth.
53:44>> Yeah.
53:44>> So smooth. It just you can't ignore it.
53:46>> And the reason I enter here, you can see
53:50after we um sweep the Asia high,
53:53>> we got a bearish FG here which a huge
53:57gap, right? And also we got a wick here.
54:01>> Mhm.
54:02>> Which is a little bit small. This gap is
54:05hit by this wick.
54:06>> Yeah. So this is a Fuji ANI but the
54:10reason I did an ANI here
54:13but I enter here is because we actually
54:16got a bullish average here. So this is
54:19the bullish a bullish FG turned into a
54:22fa and also one more conference is we
54:26got a wick retrace from this FOG. So
54:29it's literally two conference two PD is
54:33like adding more possibility for the
54:36trade to success. That's why we enter
54:38here and then if we keep on kick so I
54:43get out here you can see.
54:45>> Yeah. So um we still get a lot of lower
54:48liquidity sell here
54:50>> but the reason I added here you can see
54:53actually for 5 91 590 to 530 it's
54:59already um 40 50 points more and more
55:02for London session that's a lot actually
55:05>> and all our minor sales equity and major
55:09sales equity got sweep so of course you
55:12can still keep your trade holding but as
55:14I talk about like I just like to end my
55:18trade with even 5% of the move.
55:21>> Yeah.
55:21>> I don't need to like hold longer for
55:24diamond hand because pie can retrace
55:26back to your entry point someday. So
55:29>> for London session because we trading
55:31the manipulation for the whole daily
55:33time frame. So we can't like expect it
55:36to add like a session.
55:38>> We can't be too greedy.
55:40>> Of course. Yeah. So it's just
55:41understanding the session you're
55:42trading. And to your point, you know,
55:44the main point that's been throughout
55:46the podcast so far is your personality.
55:49Like your that's the trades that you
55:51like to take, right? So when you combine
55:53both the session you're trading and the
55:55realistic expectation with your
55:56personality,
55:58>> that makes it much easier for you to
55:59just follow your plan and be okay with
56:01it
56:01>> because yes, you could look at okay,
56:03this extra move here, but then it's come
56:04back to where your take profit was for
56:05now. And I'm sure if we keep going, it
56:07could even go back to entry. Um but
56:10again there's also thinking about the
56:12other question I was going to say is we
56:14have this move in the space of maybe and
56:16this is a minute chart right space of at
56:18maximum well we can actually check to be
56:20fair which was uh 224 EST. So we're
56:25talking 9 minutes versus you could hold
56:27a bit longer and yes it goes lower but
56:30then let's say by the time it gets to
56:31here we're talking what is that? That's
56:34an hour.
56:35>> Yeah
56:35>> almost right 224. Yeah. It's it's
56:38literally an hour. So now imagine being
56:40on the one minute chart for an hour.
56:42Yeah. That mental capital, that fatigue,
56:45the P&L changing, you know, going from
56:48what what was this? How much was this
56:49trade in in total profits?
56:56>> It's 4K.
56:57>> 4K, right? So like
56:59>> imagine Yeah. Okay. It was 4K, but then
57:01it went to it might have gone to, I
57:03don't know, maybe 8K, but then seeing
57:05that P&L for an hour going up and down,
57:08up and down, uh, versus 4K in 9 minutes,
57:11right? And that sounds really sexy,
57:13guys. I know the clip, the $4,000 in 9
57:15minutes on this trade. Cool. But the
57:18reality being exactly what Candace has
57:21gone over this this whole, you know,
57:22episode so far is the process, right?
57:25She gets paid that for this nine-minute
57:27trade on this particular trade. Not all
57:29trades are like that of course um
57:30because of the process, because of the
57:32rules, because of the discipline, right?
57:35Rather than you know, potentially you
57:36could have hold it longer and people
57:37could say you could make more, right?
57:39There's more targets to be met and so
57:41on. But then again, they don't think
57:42about the hour long of seeing P&L
57:45fluctuating, every candle coming in, our
57:48natural mind starting to second guess,
57:50did I make the right choice? Did I not?
57:51Should I get in? Should I not? on top of
57:53which even worse is like should I add
57:56should I should I get in more because
57:57this is going to drop and I could make
57:59and what happens we go ah 20k 30k and
58:02make the losses I lost last week right
58:04or I could pass these funded accounts
58:05right it's just so natural for our minds
58:08to start getting ahead of ourselves
58:09right
58:10>> and you can see the trades I actually
58:13like close the trade as just 15% of the
58:16move
58:16>> so for some of the traders I know they
58:19will probably just trail their stop loss
58:20to break even and then leave a warner so
58:22They take puzzle here deliver runner. So
58:24you will just go back to your
58:26personality. If this is what you want,
58:28you can always just customize your trade
58:31execution.
58:32>> So yeah, I will show you another London
58:36session ch. So this one um I got a
58:39screenshot I post in my discord.
58:41>> Oh, amazing.
58:42>> Yeah. So for the London session like as
58:47I always talk about we did ll resistant
58:50the career run. So once again is here.
58:55So if we take a look on the
58:57>> this is a buy example, right?
58:59>> Yes. Exactly.
58:59>> Nice. Mhm.
59:00>> So it's actually very similar to our
59:03last chart. Yeah. It's very
59:05>> So would you say there's some liquidity
59:06swept here at these equal lows? Yeah.
59:08Exactly. So after the crisis whip um
59:11actually when these kind of bearish
59:13candlestick happen, you have to assume
59:16that entry will just exist anytime soon.
59:18You have to ready get ready for that.
59:20Yeah,
59:21>> because like these kind of displacement
59:24is actually telling you something that
59:26this is the manipulation and this
59:27manipulation neck is ripping the main
59:29liquidity here
59:30>> and also on the upside we're creating
59:32low resistant liqu. So all we have to do
59:34is just um wait for a valid IFG if you
59:37be more conservative or just getting an
59:39aggressive entry within the IFG. So here
59:44in a CH
59:47so you can see it's like 4:15 a.m.
59:50Eastern time here.
59:51>> Mhm. So this is a little bit further
59:53into the open like you're towards the
59:54end of the kill zone.
59:56>> Yeah. Okay.
59:58>> So here we got a FG. You can see this is
1:00:01a relatively aggressive because the
1:00:04whole gap is large, right? And we enter
1:00:06here.
1:00:07>> Mhm.
1:00:07>> Yeah. But if you switch to a 15 seconds
1:00:10time frame or 30 seconds time frame,
1:00:12actually we got a bullish auge here.
1:00:14That's
1:00:15>> so but like um this is because I'm very
1:00:18familiar with this trading model and you
1:00:20know I have a lot of experience for
1:00:22trading the 15 seconds time frame. So
1:00:24for beginners I would highly suggest you
1:00:26just wait for the candle body close
1:00:29above this. So make sure it turn into a
1:00:32validg.
1:00:33>> Okay.
1:00:34>> Yeah. One question, uh, in terms of the
1:00:36time frames, like would you say it's
1:00:39correct when it comes to mastering the
1:00:41lower time frames and especially if
1:00:42you're going to venture into the
1:00:44seconds, make sure you've mastered the
1:00:46one minute, make sure you've mastered
1:00:47each of the higher ones first. Yes.
1:00:49>> As you move down.
1:00:50>> Yes.
1:00:51>> Because do you think a lot of people
1:00:52like they haven't really spent time on
1:00:53the one and then they're trying to do
1:00:54the seconds for example?
1:00:55>> Yes. I actually before trading the one
1:00:57minute time frame, I actually trade five
1:00:59minutes. There you go. Yes. So I know if
1:01:02some of the traders they can't just um
1:01:04sit in front of the shop all day. They
1:01:06probably just working at the same time.
1:01:08So you probably need to trade 15 or even
1:01:10higher.
1:01:11>> Gotcha.
1:01:11>> Yeah.
1:01:12>> Mhm.
1:01:13>> Gotcha.
1:01:14>> So as everything just align with the
1:01:16train model that I tal about, you know,
1:01:18we got the liquid pool up here. We got a
1:01:20liquid sweep. We got the IG. We enter
1:01:25all the way here. So you can see I
1:01:27didn't hold it till the end. I just I
1:01:29just co my trade for the second swing
1:01:32high.
1:01:33>> Yep.
1:01:34>> So if you are like more conservative,
1:01:36you can just close your trade on the
1:01:37first one or you can leave a Warner on
1:01:39the upside. That's totally fine. It just
1:01:41depends on what's your like tolerance
1:01:44is. And um how much profit do you want?
1:01:47What's your target? Like
1:01:49>> Well, this was again another $4,000
1:01:52trade. Do you find that a lot of your
1:01:54trades sort of follow a similar dollar
1:01:56amount if it's a similar type of account
1:01:58and so on? I'm just going to check as
1:02:00well.
1:02:01>> Also, actually depends on your like
1:02:03contract size,
1:02:05>> of course. Yeah.
1:02:07>> And then with this one, this one is
1:02:09actually, you know, $4,000 in roughly
1:02:11422
1:02:13similar 12 minutes in this case. Um, I
1:02:17was just checking to the left. So when
1:02:18around the 2 a.m. mark, you know, you
1:02:20you sweep this this liquidity here, for
1:02:22example.
1:02:22>> Yes.
1:02:23>> Right.
1:02:24>> Um
1:02:25would this move here be something that
1:02:28you would look at? Uh so for example,
1:02:30this this impulsive move here swep this
1:02:33liquidity to the left. Is this anything
1:02:36here that would be valid for you or this
1:02:37is the valid move for you over here?
1:02:40>> If we sweep this liquidity like for
1:02:43example, if we sweep this low and we
1:02:44instantly get a reversal here. Yeah,
1:02:47that's can be my angry because we did
1:02:49have some um bicycle here. But the thing
1:02:53we miss is the displacement per speed.
1:02:55>> Okay,
1:02:55>> which is if we zoom in, you can see the
1:02:58drop with these two candles and this a
1:03:02little bit different.
1:03:02>> Okay,
1:03:03>> and when we monitoring the chart, we
1:03:05need to um see it on probably trader way
1:03:08or ninja trader some of the trading
1:03:10platforms because on trading wheel
1:03:12>> the candlestick move differently. Okay,
1:03:14got the speed you have to check on your
1:03:17trading platform charts to see if this
1:03:19is the real speed because right now we
1:03:21are just high inside right because um
1:03:22there's a huge bearish candlestick but
1:03:25at real time like how is this
1:03:27candlestick move is it chopping and then
1:03:30finally become this or just one job and
1:03:33then formed a huge bearish candle.
1:03:36>> Understood. Yeah,
1:03:37>> understood. Okay, perfect. Dylan, should
1:03:39we see where this uh in the end let's go
1:03:41a bit further forward?
1:03:44Look at that. It's a prime example of,
1:03:46you know, how some might say, "Oh,
1:03:48you're you're getting out too early."
1:03:50Well, look at that.
1:03:51>> Yeah.
1:03:51>> Right. Because that would have been a
1:03:53loss. And not only that, you would have
1:03:54held for an extra
1:03:5730 minutes almost.
1:03:59>> Yes.
1:03:59>> Seeing your P&L go away. And then that's
1:04:02a prime example right there where again,
1:04:05it sounds amazing. $4,000 in 12 minutes.
1:04:09But that doesn't matter. What matters is
1:04:10the process. And you followed your
1:04:12process. Your process allowed you to
1:04:14make $4,000 in that time. Whether it's
1:04:1612 minutes or 12 hours, it doesn't
1:04:17matter, right? Your process is what
1:04:19matter. And if you didn't follow your
1:04:21process and you said, "Okay, look at all
1:04:23this liquidity. I could target up here
1:04:25and I could have a 20 20k trade or even,
1:04:27you know, could keep going higher,
1:04:28right?"
1:04:30>> Well, look what happened.
1:04:31>> Yes. And I was trading the account with
1:04:34copy trading. So this is just one
1:04:35account making 4,000. But with copy
1:04:38trading like Apex, if you do 20
1:04:41accounts, 4,000 can be a lot. So you
1:04:44don't really have to target, you know,
1:04:45the end like the swing high. If you make
1:04:48like a few thousands on one account with
1:04:50copying, you can make a fortune.
1:04:53>> It's incredible. Exactly. And I love the
1:04:55lesson here though really because you
1:04:57know I think that's where a lot of
1:04:58traders go wrong is that they every time
1:05:01they get into a trade they're trying to
1:05:03get a home run right.
1:05:04>> Yes.
1:05:05>> And not every you know home runs happen
1:05:07very few in a year. Uh but when they
1:05:09happen they're great
1:05:11>> but it's by having this is what would
1:05:12you class like like a base hit trade
1:05:14like the same as the last one. Like this
1:05:16is the trade that will happen on a more
1:05:17regular basis as long as you follow your
1:05:19process.
1:05:19>> Yes. And these trades are actually what
1:05:21pays for the moment and gets you to that
1:05:23home run whenever that happens. Um, but
1:05:26expecting every trade to be a home run.
1:05:28And I think there's multiple reasons
1:05:30why, you know, of why traders do that.
1:05:32And uh, I'm sure we've all been there,
1:05:34you know, to be fair, which is uh, we're
1:05:36whether it's the props, it's not the
1:05:37prop firms fault, but yeah, certain
1:05:39rules around prop firms or trying to
1:05:40pass a prop firm or trying to get close
1:05:42to a payout could be one, the pressures
1:05:44of that. Two is not understanding your
1:05:46personality. Yeah, for sure. free I
1:05:48think is not um understanding the
1:05:50session you're in. So, you know, a big
1:05:51point of what you made is this is London
1:05:53session. London session doesn't have as
1:05:55much volatility for the most part. Um
1:05:57so, understanding to get in and out, you
1:06:00know, makes sense for London session for
1:06:02this move. Uh and this is a prime
1:06:04example of why because that's enough
1:06:06points. Yes. To expect the whole daily
1:06:09profile to play out in London session is
1:06:11unrealistic. And you will then be, you
1:06:14know, you you'll learn why that's
1:06:15unrealistic as you if you were to hold,
1:06:17right, and not follow that rule and
1:06:19understand the the nature of that pair
1:06:21and that volatility. So, you know, the
1:06:23rules that you've set out today so far
1:06:24is, you know, really shown and even in
1:06:26this trade examples here, you know, I'd
1:06:28really tell everyone, you know, make
1:06:30sure that after this episode, one,
1:06:31obviously, go study, of course, but two,
1:06:34go watch your live streams because
1:06:35you're doing this in real time. Like,
1:06:36we're going through trade replay here.
1:06:38Maybe we'll have a live trading segment.
1:06:39I'll have to ask you afterwards. But um
1:06:42what I'm getting at though is you trade
1:06:44live. So go check those out, those live
1:06:45streams because it's one thing doing
1:06:47this afterwards and showing trades that
1:06:49have happened on live stream which is
1:06:50great as well. Uh so you can see the
1:06:52date there. So you can go check it from
1:06:54when it was live as well. Um but nothing
1:06:57beats that, right? Seeing this live as
1:06:59well. And you you trade London session
1:07:01most days if not every day. Um so yeah,
1:07:04but I know we have more trades. I know
1:07:05it sounded like we were ending there. We
1:07:06have more trades we're going to go over,
1:07:08but it's just such a great lesson, you
1:07:09know, to really see
1:07:10>> why, you know, while some might be like,
1:07:12"Oh, you're just closing the trade." But
1:07:14this is why. Look, you know, you would
1:07:16have held for an extra half an hour,
1:07:17triple the time of the actual trade just
1:07:19to see your P&L go and then probably
1:07:21take either a break even or a loss,
1:07:23which what happens next to most traders,
1:07:26you know, they'll probably be jumping in
1:07:27and it might even go down again and you
1:07:29then then you're on till then you lose
1:07:31your funded account, then you lose your
1:07:32payout, then you lose your you know, and
1:07:34then what happens after that?
1:07:36>> You know, grow up.
1:07:37>> Exactly. And uh you know we've all been
1:07:38there so there's no judging but it's a
1:07:40prime example of what you've shown today
1:07:42of rules process understanding yourself
1:07:44is a big one. Yeah I love that.
1:07:47>> All right I will show you some neuro
1:07:49session chase because like I don't live
1:07:51stream session so a lot of my community
1:07:54members always ask me like can you
1:07:56please at least live stream one session
1:07:58for us but like
1:08:00>> I would be too exhausted. So sometime I
1:08:02just post some of my traclions on
1:08:05Twitter or in my discord. Do you find
1:08:08another reason for that? One obviously
1:08:09is late in the day. Two, you already
1:08:12streamed London. Yes. Um, but something
1:08:14you mentioned earlier is that New York
1:08:16is fast.
1:08:16>> Yes.
1:08:17>> So, you know, yes, you could stream and
1:08:19Yeah. Okay. The community might want it,
1:08:21but for you to execute, do you find you
1:08:23need to be focused?
1:08:24>> Exactly. And, you know, I trade I love
1:08:26to trade the pre-market open and the
1:08:28March open, it will be like around 9:30.
1:08:31So, the trade end very soon. So, if I
1:08:33live stream, the live stream will end
1:08:35very soon today. I don't have time to
1:08:37chat with the live chat because I was
1:08:38focusing on the chat.
1:08:40>> Well, that's the thing at the end of the
1:08:41day, you know, the the real traders and
1:08:43the people who are focused on trading,
1:08:45you know, they can't always just focus
1:08:47on content.
1:08:49London is great and I haven't
1:08:55shown again throughout this episode,
1:08:57hey, you know, yeah, you could maybe
1:08:59make more money or make more people
1:09:00happy or make more content if you did
1:09:02New York session, but at the end of the
1:09:03day, your trading would suffer
1:09:05potentially, right?
1:09:06>> So, why do that?
1:09:07>> Yes. Because like after all, we are
1:09:09traders, so trading should be the first
1:09:11priority.
1:09:11>> Exactly. And you trade both. You trade
1:09:13props. Cool. But you trade person. Yeah.
1:09:15As well, because I know a lot of prop
1:09:16traders don't. they only trade props,
1:09:18right? Um so maybe it's a bit easier for
1:09:20them to say, okay, even if it might
1:09:21impact my trading, I'm trading props,
1:09:23right? The personal capitals, but you
1:09:25know, there's no reset. [laughter]
1:09:27>> There's no chance to be able to it's not
1:09:29worth risking, right?
1:09:30>> Okay. So, um this is one of my newer
1:09:33session trade and you can look at the
1:09:35time. It's actually not even 9:30 open
1:09:37yet,
1:09:38>> but uh because I turn on my charts at
1:09:40night because I need to like do some
1:09:42analysis before the whole trading first
1:09:45started.
1:09:46>> And here we can just focus on what we
1:09:50need. Um the first thing is the
1:09:53Second is the liquid whip. So yeah. Um
1:09:56here we take a look on the chart and we
1:10:00got a wick out hereing the buy side
1:10:04equity and we are keep on creating
1:10:06sellside equity on the down side. It's
1:10:08actually very similar to those trades
1:10:10that we just revealed but the difference
1:10:12is this is new session. So um everything
1:10:15will happen a lot faster than new
1:10:17session than non session and also you
1:10:20have to be careful for your stop loss.
1:10:22you will need a larger one because a
1:10:24small retracement can hit your stop loss
1:10:25if you got a two tight stop loss like 20
1:10:27points.
1:10:28>> So here we can just
1:10:32so you can see here I didn't enter here
1:10:35here but I enter here so the reason why
1:10:38is we actually before this bearish
1:10:40candlestick happened we actually got a
1:10:43multiple times
1:10:45like the same bearish candlestick. M.
1:10:48>> So for me, the first one happened, it
1:10:51looks like a trap. It looks like another
1:10:53trap. Just like this, just like this
1:10:56>> and this. So I did wait a little bit and
1:10:58it was like 9:00 a.m. at that time. I
1:11:01just turn on the chat, man. I need some
1:11:02time to get ready. So I did wait a
1:11:05little bit and then we got another
1:11:07displacement. So this is the thing that
1:11:09I'm looking for. So I always want to see
1:11:12displacements and speed. The first one
1:11:14is here. I was assuming maybe it's a
1:11:16chap and turns out it's not a chap. We
1:11:18got a second
1:11:20>> bearish candlestick. So I enter here. So
1:11:23and if you take a closer look you can
1:11:25see actually this week we got a
1:11:28retracement back to this whole FOG and
1:11:31when there is a FOG and a volume
1:11:34imbalance we call it VI we need to
1:11:36combine it two. So this will become one
1:11:39FOG. Okay.
1:11:40>> So even when the wreck or the
1:11:43candlestick just go back with the volume
1:11:45imbalance, it will still count as a
1:11:48retracement to your FOG.
1:11:49>> Okay.
1:11:50>> So you can enter there
1:11:52>> and you can target on the lower Oh. Oh,
1:11:55it's going too fast.
1:12:01So you can target the lower cells which
1:12:04is I take puzzle here. One is here
1:12:07>> and the other is here. So you can see
1:12:10with this um trade repay after the price
1:12:14hit my target it just got the quick
1:12:17retracement with a long wick
1:12:20>> and that was at the open as well.
1:12:21>> Yes.
1:12:22>> So the manipulation is curing my sell
1:12:25side equity.
1:12:26>> This is exactly
1:12:27>> and this is a well another good example
1:12:29of exactly what we were talking about
1:12:30before we got into this New York trade
1:12:32is like that level of speed cuz this is
1:12:34on the mini chart and I imagine you'd
1:12:36probably have the seconds up. um you
1:12:38know when you're when you were trading
1:12:39live and when you were trading you know
1:12:42to be able to and again this is quite a
1:12:44fast trade in terms of the amount of
1:12:46minutes maybe 10 and if you were live
1:12:49streaming you're trying to explain
1:12:50what's going on and you know the
1:12:52market's about to open everyone's hyp
1:12:54chat's hyped as well it'd be so easy to
1:12:57miss a few seconds or miss a couple
1:12:59minutes even and that trade's reversed
1:13:01right and gone back and uh so it just
1:13:04highlights really why you know you put
1:13:05that focus on and the speed necessary
1:13:07for your style and the way that you're
1:13:09trading as well around that New York
1:13:10open. Um, but it's a great trade. The
1:13:13interesting one here with the lesson you
1:13:14gave there is like you noticed the
1:13:17displacement already happened outside
1:13:18your trading time, but you've seen yes,
1:13:20we're seeing the displacement one, two,
1:13:23maybe three times, you could say, but
1:13:25it's not resulted in anything. It's
1:13:26built liquidity for you, which then
1:13:29could mean that again, as you mentioned,
1:13:32then this time, yes, it's just 9:00
1:13:34a.m., so you wouldn't want to trade
1:13:36anyway because you've just started. Two,
1:13:38you've seen it doing this three times
1:13:40now already. So, it could just be a
1:13:41trap. It could be just another, you
1:13:43know, of the same move. But then once it
1:13:45confirmed and this is now 10 minutes
1:13:47later you know getting past that you
1:13:49know into your time you've already uh
1:13:52broke down price and set your liquidity
1:13:53points and what's been swept up here um
1:13:57and then it displaced again breaking I
1:14:00don't know if what did the breaker
1:14:01structure of these lows sort of give you
1:14:03that extra confirmation as well because
1:14:04now not only time wise is on your side
1:14:07liquidity sweep on your side a second
1:14:10displacement which then broke those lows
1:14:14does that then double confirm it for you
1:14:15where you say okay this could this could
1:14:17be the move here and then you have your
1:14:18liquidity points to target and as simple
1:14:21as that then manage your trade
1:14:22accordingly
1:14:23>> yes definitely and you can like um
1:14:26realize one thing is I take parole here
1:14:28which uh for all the trades I ch I saw
1:14:31here I didn't take puzzle I just hold it
1:14:33to the end yeah
1:14:34>> so the reason I take puzzle for this
1:14:35trades I I know I enter late
1:14:38>> okay
1:14:38>> yeah I because most of the time I enter
1:14:40with the external crease rip
1:14:42>> of course
1:14:43>> which is like the first distribution
1:14:44neck and this one is the second.
1:14:46>> Mhm.
1:14:46>> So I enter late. So price may just sweep
1:14:49this low and just scroll back. This is
1:14:51so totally possible because I I didn't
1:14:54get a nice uh risk ratio. Yeah.
1:14:57>> For entering here. That's why I like
1:14:59adjust my model for taking partial here
1:15:01for the low. So if I enter here, I
1:15:03probably won't because like even price
1:15:05retrace, I may still can just go back to
1:15:08break even. Of course.
1:15:09>> Yeah.
1:15:09>> So what would you say in terms of this
1:15:11trade? Is this a trade that you would uh
1:15:14you wouldn't class it I imagine as an A+
1:15:16sale?
1:15:16>> Yeah, definitely not A+ way.
1:15:18>> Is this something you would take again
1:15:19though? You know, let's say if it was to
1:15:21set up in a very similar way, all the
1:15:23other sort of criterias we talked about
1:15:24in a very similar way, you'd still take
1:15:26it.
1:15:27>> Oh yes. I always tell my community that
1:15:30um I'm not only taking A+ help but also
1:15:34B+ and C setup. Got
1:15:35>> the reason is that like I try to take
1:15:38only a pass setup. So I wait for all the
1:15:40conference high timing analysis um
1:15:43borrowing all my w so oh there's a setup
1:15:45I can finally enter it but turns out
1:15:48there's a losing trade
1:15:49>> because after all trading is about
1:15:52possibilities
1:15:53>> so even aper setups can turn into losing
1:15:56trade and you wait for so long and you
1:15:58got so much confidence everything align
1:16:01to enter a setup turns into losing trade
1:16:03it hurts your manual capital so much
1:16:05>> it's interesting yeah that's an
1:16:07interesting point yeah
1:16:08>> that's why I find that actually entering
1:16:10with Ber and Cers with less position
1:16:13size
1:16:14>> is helping me make more money.
1:16:16>> Understood. That's very interesting. You
1:16:18know, that's going to be no doubt a
1:16:19talking point for our words of wisdom
1:16:21podcast as well. And I'm sure people
1:16:22will be wondering if you don't mind.
1:16:24I'll just skip forward a little bit to
1:16:26see here
1:16:29just out of interest of what happened. I
1:16:31know again prime example of why you know
1:16:35taking profit the way you have managing
1:16:38your trade the way you have is so
1:16:40important you know it's so easy I think
1:16:42as traders to just try and hold for the
1:16:44biggest target and I think again knowing
1:16:46your personality and your strategy how
1:16:48many traders do you know where they say
1:16:50they're scalpers but every trade turns
1:16:51into a swing trade for some reason you
1:16:53know and I'm g I'm guilty of it you know
1:16:56I I had the struggle because I used to
1:16:57scalp and I became a swing trader uh I
1:17:00had the struggle of the opposite where I
1:17:03was treating every swing trade like a
1:17:04scalp and then and then when I would
1:17:06hold they would it's similar to what you
1:17:08said in terms of uh you know going for
1:17:10the A+ setup is the trades that I would
1:17:13close as a scalp would be the ones that
1:17:14go for your swing and the ones that I
1:17:16would try and hold as a swing would be
1:17:18the losers. So I realized as a swing
1:17:20trader the job is to hold every trade,
1:17:22>> right?
1:17:23>> And there will be the trades that go to
1:17:25back to break even or loss, but then the
1:17:27trades that do go make up for it, right?
1:17:29But as a scalper is kind of the
1:17:31opposite, right? The scalper, you need
1:17:32to scalp. Make sure you stay a scalper.
1:17:34Don't become a swing trader all of a
1:17:35sudden because a candlestick look big
1:17:37enough or you know you assume that it's
1:17:40going to become a massive trade. Both
1:17:42these trade examples, the last one and
1:17:43this one just proves you know why you
1:17:45have to manage your trade accordingly.
1:17:46And uh you know amazing trade once
1:17:48again.
1:17:49>> Yes. So I will show you another trade.
1:17:53All right. So um this is the trade I
1:17:55took on the new session.
1:17:58>> So here you can see um I have more
1:18:00annotation for the chart. So for the
1:18:02green area is the one hour auge that I
1:18:05um talk about. I need the higher time
1:18:07frame analysis for it. And also the
1:18:09yellow one is the end dot new day
1:18:11opening gap. And also there's a yellow
1:18:13line here on the upside. I market daily
1:18:16average auge. So in high time frame this
1:18:18is um one of the internal liquidity but
1:18:21here is the external liquidity.
1:18:23>> Gotcha.
1:18:24>> Yeah. So when we look back on trade
1:18:27so I usually want to take a trade at
1:18:309:30 because I want the um manipulation
1:18:33to get to my target or before 9:30. But
1:18:36here you see I didn't take a trade on
1:18:38930 because um at first I was targeting
1:18:42these liquidity the sell side the LL
1:18:44that I always wanted but obviously we
1:18:47didn't go we didn't go lower at the
1:18:50market open is that we go upper so we
1:18:53have to wait until de here we got a um
1:18:57relatively goal high as the buy security
1:19:00until this cruise sweep happen this will
1:19:02be no another trade And if we take a
1:19:06look on this um screenshot after the
1:19:10relative eco highs, we we also tape into
1:19:13a one hour FG end and at the end we
1:19:17sweep the daily FG the low of the daily
1:19:19FG. So this is why I'm so confident of
1:19:22entering this chain because we don't
1:19:25only sweep one um eco high but we got FG
1:19:29and dot and daily FG. So there's so many
1:19:31conference here
1:19:33>> at a time. So I will
1:19:34>> still in that opening you know that that
1:19:36hill zone.
1:19:37>> Exactly. So and you can see lower we can
1:19:40have the outage gap. So here the outage
1:19:45gap this is the quarter 25% of the gap.
1:19:49So
1:19:50>> even though like the outage gap don't
1:19:52always close on every day but we can use
1:19:55this as reference for the direction. So
1:19:57for example here I'm looking for short
1:19:59for the lower list and also for the 25%
1:20:03of the outage gap
1:20:04>> and you can see another gray area here.
1:20:07This is another one hour ag. So that's
1:20:10just so many confidence on the upside
1:20:12and the downside.
1:20:13>> So I will know where is the exact
1:20:15liquidity pool and exact liquidity sweep
1:20:18here.
1:20:18>> And would you class this is an A+?
1:20:20>> This is A+ and you can see I enter with
1:20:23a larger position size than I uso.
1:20:25>> Yeah. And also I hold for longer. I
1:20:27didn't just um close my trade here
1:20:29because we got a eco low here. Yeah.
1:20:31Which is most of the time actually this
1:20:33is the ideal um
1:20:36>> closing pos position area but I hold it
1:20:38till the end.
1:20:39>> Incredible. Yes.
1:20:40>> Absolutely incredible trade. It really
1:20:41just shows you the difference between
1:20:42the last trades that we've looked at and
1:20:44this one right base hit trades. Uh maybe
1:20:47even what something you would class as a
1:20:49B or C trade versus now you look at this
1:20:52just very clear. It all is one
1:20:54screenshot, but you can see just when
1:20:56you broke it down in terms of what
1:20:57everything means on the chart, how it
1:21:00just became an A+, right? Because of the
1:21:02layers of confluences, the time, the
1:21:05timing um and then the target as well,
1:21:07the target also has layers to it. Rather
1:21:09than just being say an equal low or on a
1:21:12lower time frame, you now have that
1:21:13higher time frame target which is sat
1:21:15right there and there's even more
1:21:17liquidity, you know, lower than that. So
1:21:19having that as your first target makes
1:21:21complete sense. And this in particular
1:21:23as a trade, you know, we want to talk
1:21:25about A+ setup. This is about what 10
1:21:27minutes and we're talking close to
1:21:29$20,000. So, so 10 minutes, $17,000.
1:21:32Again, it sounds amazing, but one, this
1:21:35is an A+ setup and two is following the
1:21:37process, right? What I'm interested with
1:21:39this one in terms of a question is the
1:21:41entry side, you know, so what did the
1:21:43entry look like for you of entering
1:21:45where you did?
1:21:47>> Okay, we can see the entry here on
1:21:49Triscilla. Mhm.
1:21:51>> Yeah.
1:21:53So you can see like I enter here
1:21:58here we got a if we zoom in you can see
1:22:00we got a small BC which is the bullish
1:22:03ag.
1:22:04>> So right now after this candle body
1:22:06close it turn into a valid ag and with
1:22:10all the confluence I just enter here.
1:22:12Usually I would um scale in probably
1:22:14like two contracts, two contracts,
1:22:16>> but this one I'm just so confident of it
1:22:19and I can have a tight stop loss. The
1:22:21swing high is just here. It's not like
1:22:23far away.
1:22:24>> Yeah.
1:22:24>> So I just enter five coin chairs at the
1:22:26same time.
1:22:27>> And do you feel like um because of the
1:22:30daily sweep, you know, because we got
1:22:31into that daily fair value gap alongside
1:22:34uh the the 1 hour fair value gap being
1:22:37filled as well, but mainly that daily.
1:22:39Do you think that added an extra layer
1:22:40of confluence for you? So based on the
1:22:43reaction as well.
1:22:44>> Sure. Those are higher time frame
1:22:46conference. So it's definitely making it
1:22:48more apis.
1:22:49>> Understood. No, it's great because
1:22:51especially because uh I know we can't
1:22:53see I think on tradesella but in terms
1:22:54of the seconds you know looking at this
1:22:57wick here uh to to your rule earlier in
1:23:00terms of a validg
1:23:04on the seconds the close and the price
1:23:06displacement would seem much bigger.
1:23:08Right.
1:23:08>> Yes. down to the low of this wick which
1:23:10then allowed you to get the retest
1:23:13entry. It looks more aggressive on the
1:23:14one minute I imagine uh because you
1:23:17can't see that as much but on a second
1:23:19chart that would have obviously been
1:23:20more candles close to here a retest and
1:23:23then continuation and to your point one
1:23:25obviously the dy's taking place uh but
1:23:28two the stop-loss placement allows you
1:23:30to take the bigger size enter here and
1:23:33have that confidence in doing so uh and
1:23:36then price yeah price has melted the
1:23:38beauty I guess with being a scalper is
1:23:40that you don't necessarily you don't
1:23:42need price to get down here and be a day
1:23:44trader or a swing trade to make really
1:23:48great money. What you do need, however,
1:23:50is exactly what you've talked about is
1:23:51one, know your personality, two, have
1:23:53your process, right? And then manage
1:23:55your trade uh more aggressively than you
1:23:58would if you were say a day trader,
1:24:00especially if you were a swing trader.
1:24:02Um, and by understanding that, it
1:24:04results in the trade. Like this is a
1:24:06Yeah, look at that. Yeah.
1:24:10And I guess this is one of those where
1:24:11people might have said again, and this
1:24:14is a great example again, you know,
1:24:15people might have said, "Oh, you closed
1:24:16too early, etc., etc." But then look,
1:24:19yes, it ended up going all the way down
1:24:21here, which might have been a maybe,
1:24:22let's say, 100K day just or an 80K day.
1:24:25But that's assuming that you seeing your
1:24:28trade in the space of roughly 15 minutes
1:24:32making 20,000, but then watching it for
1:24:35about 4 hours. four watching it for 4
1:24:39hours um ticking up and down going close
1:24:42to not break even but almost um assuming
1:24:45you didn't move your stop to here
1:24:47assuming you're able to for 4 hours
1:24:50watch that P&L change and change and
1:24:52change and not make any mistake not try
1:24:54and execute not try and get out maybe
1:24:55become bullish right because a lot of
1:24:57people I imagine probably would after
1:24:59seeing this for example come down and
1:25:00then break up higher seeing some of this
1:25:03some of these green candles right they
1:25:05probably would have got out and got
1:25:06bullish Yes.
1:25:08>> And then take the losses and then again
1:25:10spiral. And I think what we've really
1:25:12highlighted today through the you know
1:25:13your rules and your processes
1:25:15>> and again trade after trade following
1:25:17it. It's why that's so important you
1:25:20know and it doesn't if you think about
1:25:21it those rules and processes some of it
1:25:23leans on the fact that you have ICT
1:25:25concepts as your strategy.
1:25:26>> But really a large part of it is knowing
1:25:28who you are and knowing what strategy
1:25:31you're trading. So whether you're a
1:25:32Fibonacci trader or an orderflow trader
1:25:34or whatever it may be, those rules and
1:25:36pro processes and and your personality
1:25:40are still the foundation. So as long as
1:25:42you know you're an orderflow scalper,
1:25:43for example, and you know, you know, how
1:25:45you u sort of are better at in terms of
1:25:48your patience or not and and so on, you
1:25:51then should set your rules accordingly.
1:25:52>> Yeah.
1:25:53>> Right.
1:25:53>> And it's it's been incredible, you know,
1:25:55really to see it and what an incredible
1:25:56trade as well.
1:25:58>> Well, if you like a swing trader, you
1:25:59can still hold a chair. You put your
1:26:01stop loss on the swing low and then hold
1:26:03probably overnight. You can still get a
1:26:05lot. Yeah. But like it
1:26:07>> knowing the account you're trading,
1:26:08right? So like you know with obviously a
1:26:10lot of the props you wouldn't be able to
1:26:12hold this trade.
1:26:12>> Yeah.
1:26:13>> Yeah.
1:26:14>> All right. So I'll show you the last
1:26:16chall
1:26:22to it. And this is the new session
1:26:24chain. So as we used to and we're
1:26:28looking for the lll the crease ri
1:26:32>> displacement and also using RTH gap as
1:26:35reference for your new session shade. So
1:26:37here we got everything. So before the
1:26:41940 and we keep on shopping with high
1:26:44timing bearish but also on the way we
1:26:47keep on getting more fellows ring on the
1:26:49upside for buy security. So here you can
1:26:53see compared to this job we got a huge
1:26:57shop here which is the 930 open as the
1:27:00manipulation we hold the sell equity and
1:27:03also we almost touched the low of this
1:27:06one hour averaged
1:27:08the whole gap
1:27:09>> which is the high time frame conference
1:27:11we need. So after it
1:27:15if we zoom in you can see we got a huge
1:27:18bullish candles and although we are high
1:27:20inside right now but you can imagine
1:27:22that's definitely a high speed and
1:27:24displacement for this candlestick.
1:27:26>> And if you switch to a lower timing like
1:27:2915 seconds and 30 seconds you will find
1:27:31a smaller IG for yourself. But here this
1:27:34is the one minute IG.
1:27:36>> Mhm.
1:27:36>> So it was a bearish FG but turned into a
1:27:39valid one. But if you have to like wait
1:27:42until the candle close, you may have to
1:27:44enter here.
1:27:45>> So for an aggressive trade, you can
1:27:47enter here,
1:27:50which is just like this uh screenshot
1:27:53that I took.
1:27:54>> 15. Yeah.
1:27:55>> Yeah.
1:27:55>> So you see it close above again. Yeah.
1:27:57>> Exactly. So um of course I need to use
1:28:0215 second shot because like new session
1:28:05the move moving so fast. If you miss
1:28:07this information, you will just miss the
1:28:10ani.
1:28:11>> But I have to understand that like I got
1:28:13to say all the beginners, you have to
1:28:15master warming timing first. Don't
1:28:17because like I'm using 50 seconds. So
1:28:19you use it too.
1:28:20>> So um
1:28:21>> see people skip it. Yeah. Even though
1:28:23you said it, they'll still do it.
1:28:24>> Yeah.
1:28:24>> Right. I know.
1:28:25>> Don't do it. But even though we said it,
1:28:27>> whatever it is, and we've all been
1:28:28there.
1:28:29>> Yeah. But the sooner you get over that
1:28:31and actually listen to the people who
1:28:33have achieved what you're trying to
1:28:34achieve and uh listen to okay master the
1:28:37five master the one then if you want to
1:28:40you don't have to but if you want to
1:28:41then master the seconds master the 30
1:28:43then master the 15 like it's a top down
1:28:45thing you have to do you cannot skip the
1:28:48process um every time you skip the
1:28:51process whether it's your trading
1:28:52process or whether it's the learning
1:28:54process you just go backwards right and
1:28:56you will not see progress um it's just
1:28:59the nature of trading, right? This is
1:29:00the nature of trading. You cannot skip
1:29:02the process. And this proved like
1:29:04today's episode is really, you know,
1:29:06proven why that process is so important.
1:29:08>> I always think there's a holy grail.
1:29:10>> I know.
1:29:10>> Yeah.
1:29:11>> And they would ask if I learn from you
1:29:14like learn with you for three months, am
1:29:16I going to be consistently profitable?
1:29:19Like I don't even know how to answer of
1:29:20these kind of questions. Yeah.
1:29:22>> You know, I understand it. I understand
1:29:23that people want to be able to, you
1:29:26know, have certainty within trading or
1:29:28their learning experience, whether it's
1:29:30a mentor or strategy or whatever it may
1:29:32be. But one thing in trading you can't
1:29:34have is certainty because if you try to
1:29:36find that, you do yourself more harm
1:29:38than good. I think the soon I think,
1:29:40don't get me wrong, we all obviously
1:29:42start there because we don't understand
1:29:43the markets as well and you know, we
1:29:45have to learn the hard way more than
1:29:46likely. Um, but I think the sooner you
1:29:49accept that there is uncertainty, the
1:29:51sooner you'll see progress. uh as a
1:29:53trader.
1:29:54>> So uh we take a look of the RTH gap
1:29:56first. So we talk about the regular
1:29:58trading hours gap. So this one is huge
1:30:02and we got 25% here, 50% and 75%. So for
1:30:07me I target here which is around the
1:30:1075%. I didn't just um put it at the end
1:30:14because like I think that's enough.
1:30:17Well, first when we enter price already
1:30:21sweep one bicyc.
1:30:24>> Yeah,
1:30:24>> the third, fourth and five. That's a
1:30:28lot. Yeah. So, I'm actually not
1:30:30conservative with this chair. I'm being
1:30:32very aggressive.
1:30:33>> Yeah.
1:30:33>> With both the target and the position
1:30:35size. So, one bit of context for last
1:30:37week, thankfully, because it is only
1:30:40last week, uh, of obviously recording
1:30:42this, it might have been a couple months
1:30:43ago,
1:30:44>> but last week we had a lot of volatility
1:30:46in the market, right? Just generally, we
1:30:48saw really big swings down and up.
1:30:51>> Uh, by this point, it was the end of the
1:30:52week, and it was we were seeing those
1:30:54swings back up. The start of the week,
1:30:55we're seeing them down.
1:30:56>> Was that a part of the reason why you
1:30:58were more aggressive and held longer
1:31:00because you knew the volatility was much
1:31:02more expanded last week?
1:31:03>> Yes, exactly. And with the daily timing,
1:31:06we can see a lot more like huge
1:31:09candlestick compared to like the
1:31:11previous week.
1:31:11>> Yeah.
1:31:12>> So I would say like with a tight stop lo
1:31:15you can just go for more for your
1:31:16target.
1:31:17>> Yeah.
1:31:17>> And actually even for like uh over 100
1:31:20porns but
1:31:21>> for the time frame like it's just few
1:31:24minutes. It's not holding it for one
1:31:25hour. So even though the range is not
1:31:28like scalping but for the time it's
1:31:30actually still scalping for me.
1:31:33>> No, of course. Exactly.
1:31:34>> A lot of people do say scalping is the
1:31:37is the time how long a trade is versus
1:31:40how big it is. But it just goes to show
1:31:43though how those adjustments knowing
1:31:45obviously volatility if we if we can we
1:31:47could even go to the the daily here. But
1:31:50yeah, you can see look, you can see how
1:31:51the week prior, you know, we were there
1:31:53still, it's been quite a volatile
1:31:54period, but you can see though for a
1:31:56good number of weeks, we were just
1:31:58ranging, right? For a good number of
1:32:00weeks, still some volatility in the
1:32:01range, but in the same price uh area, we
1:32:05then broke the range. Essentially, this
1:32:06could be a higher time frame a AMD
1:32:08taking place, right? Um but putting that
1:32:10to one side, you know, we saw a big move
1:32:13down to start the week and then we start
1:32:14to see that real strong aggression. Um
1:32:18which again making those adjustments and
1:32:20I think that comes with experience,
1:32:22right? That's the experience. Um you
1:32:24know once you've had your process and
1:32:25you followed it for a long period of
1:32:27time and you you learn about your
1:32:28personality along the way and you create
1:32:30your rules, those adjustments in real
1:32:32time is where experience comes in,
1:32:34right? Right? And you have to allow
1:32:35yourself to build those experience
1:32:37before you start to try and make those
1:32:39adjustments in real time. Right? Uh
1:32:41because otherwise again you just find
1:32:44yourself in that loop where you go okay
1:32:46the experienced traders do this but you
1:32:49you know the question I guess is are you
1:32:50the experienced trader you know not yet
1:32:52not yet doesn't mean you can't be. It
1:32:54means you need to build your experience
1:32:57um and do exactly what they did, which
1:32:59is learn uh develop, build your
1:33:01processes, build your rules. Um but it's
1:33:04incredible. Such an incredible trade.
1:33:06This trade in particular was a 30 what
1:33:08was it? 34 $37,000 trade. Uh how how
1:33:12long did it last if we if we play it out
1:33:14here?
1:33:14>> Yeah.
1:33:16>> So we saw the entry on the chart there.
1:33:18>> Yes. In the middle.
1:33:24So I call it here.
1:33:26>> Yeah.
1:33:26>> Yeah. The high.
1:33:28>> Incredible. Honestly, so that this trade
1:33:30was close to $40,000 in 34 to 45 11
1:33:38minutes, right? Absolutely insane.
1:33:40Again, it sounds crazy, right? $34,000.
1:33:43I think it was 37, but 34 over $30,000
1:33:46in 11 minutes sounds amazing. It's the
1:33:49goal for every trader. But understand
1:33:51exactly what we went through. You know,
1:33:53Candace has really shown in today's
1:33:54episode the importance of rules, the
1:33:57importance of knowing your personality.
1:33:59It's huge. The importance of risk
1:34:01management and trade management uh that
1:34:03suits your personality and your trading
1:34:05style and the importance of your process
1:34:07and your rules. Um you know, time every
1:34:10single trade highlighted that the
1:34:12strategy itself highlighted that and
1:34:14we've said it multiple times. So, make
1:34:16sure make sure you really take it on
1:34:18board. But what an incredible strategy,
1:34:20an incredible episode. I'm super I know
1:34:22it's going to resonate with a lot of
1:34:23people out there. Hopefully, people will
1:34:25know that I'm not a high ICTA,
1:34:27[laughter]
1:34:27>> but um you know there there's some
1:34:29questions I have, but we'll save them
1:34:30for words of wisdom because, you know,
1:34:32handling this sort of size, handling
1:34:34these sort of numbers, uh seeing the
1:34:36fluctuations as well, like this trade
1:34:37went straight into like 20k profit,
1:34:40>> you know, and uh I'm sure there's going
1:34:41to be questions around it, but like
1:34:42handling that that's a big thing. Yeah.
1:34:44Right. And I'm sure there were times
1:34:45where, you know, that those sort of
1:34:47numbers were nowhere near what you were
1:34:49trading, right? And it was probably the
1:34:50other side where it was losses. So, you
1:34:52know, I'm excited for our words of
1:34:53wisdom tomorrow. Um, which will probably
1:34:55be coming out after the chaff as well.
1:34:57So, look out for that where we're going
1:34:58to go through process. We're going to go
1:35:00through the journey itself. I'm sure
1:35:02it's been a really interesting one. I'm
1:35:04excited for it. I'm sure you all are as
1:35:06well. Uh, Candace, thank you again for
1:35:08for doing this for us. And, uh, maybe we
1:35:10we'll get lucky and ask you for some
1:35:11live trading that we'll put into the
1:35:13episode. So if it is there, yeah, we're
1:35:15lucky.
1:35:16>> Hi, Chaff Fanatics. I'm Candice. So
1:35:18today we will trade a New York AM
1:35:20session together. Today is August 26
1:35:25and let's take a look on the chart. We
1:35:28can take a look on Anko first.
1:35:34So
1:35:37on the daily time frame
1:35:41for previous day daily candle and also
1:35:44the Monday daily candle we tap into this
1:35:48large daily apogee also the daily volume
1:35:51imbalance.
1:35:54When we switch to a lower time frame
1:35:56which is one hour time frame, we can see
1:35:58that we're actually building a lot of
1:36:01buy side liquality
1:36:22here.
1:36:25So we can switch to a even lower time
1:36:28frame. So this is today Asia session. We
1:36:32got a deep V shape
1:36:35and London session here. And I live
1:36:37streamed today's London session on
1:36:40YouTube. You can take a look on the
1:36:43replay. I took one losses and one win
1:36:47for the whole session. And you know the
1:36:50ultimate result is positive. I made over
1:36:54$8,000 US dollar on the whole London
1:36:57session.
1:36:59So by clicking this execution marks and
1:37:02execution label you can see the ch I
1:37:04took during the learning session and
1:37:07also on the right hand corner you can
1:37:10see this is Ninja Trader also the left
1:37:12corner. So I log into my personal
1:37:16account on the trader and when I took
1:37:20chase on my training platform you will
1:37:23see it here on the trading wheel on the
1:37:26screen.
1:37:29So today we got a large range Asia
1:37:32session and a consolidation for London
1:37:35session.
1:37:37So we take a closer look for this one
1:37:39minute bearish FG which we call CB.
1:37:45How this
1:37:47FG this PDA is successfully holding all
1:37:51the price here and also for this orange
1:37:55line this is the midnight opening price.
1:37:59So before this A30 candlestick happened,
1:38:03we actually in a perfect range with we
1:38:07got um relative equal high on the buy
1:38:11side equity and also relative equal low
1:38:14here this week and this week for
1:38:17sellside equity. And now because of the
1:38:21job the huge bearish candle that's
1:38:24starting from 8:30 we sweep the sell
1:38:27side.
1:38:28So the best case scenario will be we
1:38:32consolidate here for a while and got a
1:38:36setup. So we can trade up to this very
1:38:40typical high and also take a look here
1:38:42with the yellow line. This is the RTH
1:38:44gap open. So the RTH gap if you watch
1:38:48our whole video you already know what is
1:38:50that the RT gap we can use it as one of
1:38:53the conference and reference. But it
1:38:55doesn't mean that when there's outage
1:38:57gap, we definitely have to close the
1:38:59whole gap. It's not like that. But it's
1:39:02part of the reference. And also the new
1:39:04day opening gap is also here.
1:39:07So we need to see if the how the one
1:39:11hour candlestick which is the new one um
1:39:15what is it going to do with this one
1:39:18hour FG because if the camo candle body
1:39:22course goes outside of this PD that
1:39:25means we are actually turning this into
1:39:27a valid IFG then we will be going to
1:39:30here but right now because we just start
1:39:33this candle we have no idea what's going
1:39:36to happen. So, we have to switch to a
1:39:38lower time frame and see if there's any
1:39:40setup.
1:39:46Also, we can take a look on ES because
1:39:48um when we ch we can always use ES for
1:39:53reference to monitor if there's SMT.
1:39:58So
1:40:00the difference between ENQ and ES here,
1:40:03ES sweep the buy side equity and also
1:40:06sell side but ENQ only sweep the sell
1:40:09side. So we form a bearish assembity
1:40:11here on this high.
1:40:27So if we keep dropping before the 9:30
1:40:31market open and sweep this Asia low,
1:40:33even if I can spot a setup to take a
1:40:37long position, I'll probably won't aim
1:40:40for the outish open like as final TB
1:40:44because it's like a such a large range.
1:40:46Even price
1:40:48eventually go to here, it won't be like
1:40:51a strict bullish candle, right? there
1:40:54will be a lot of retracement
1:40:57or consolidation within
1:41:01and as a scalper I I don't really want
1:41:03to hold that position for such a long
1:41:06time and
1:41:08hold through all those retracements. So
1:41:11if we really sweep the H alone, I think
1:41:15my target will be this one.
1:41:18This very typical high instead of the
1:41:21whole outage gap. I mean I I'm still
1:41:25using the outage open as reference but
1:41:28like
1:41:29I understand myself um for my mental
1:41:33capital and the whole market condition.
1:41:36It's probably not a good idea to become
1:41:39a diamond hand
1:41:48or now it's 9:13
1:41:51a.m. Eastern time.
1:41:53So,
1:41:56we didn't sweep the Asia low,
1:42:02but
1:42:05once again, we created a relative low,
1:42:08which will turn this
1:42:12potential IFG into a C setup instead of
1:42:15APA setup because we still have obvious
1:42:20sellside critical on the downside.
1:42:26So even though price may going to sweep
1:42:29some internal or external liquidity, it
1:42:32doesn't mean we won't go back to this
1:42:35sell side. So maybe we just you know
1:42:38sweep some of the minor buy side and
1:42:39then come back to sweep this sell side
1:42:41again and then go up again. Then you
1:42:44know that will be worst case scenario if
1:42:47we take a long position here. That's why
1:42:50I will consider it as a super setup.
1:42:54But it doesn't mean you can't enter. I
1:42:56mean you can still enter super set up
1:42:58but it just low lower probability.
1:43:05So right now I'm waiting for the candle
1:43:07body close
1:43:13and see if we got any retracement.
1:43:20Okay, I just enter
1:43:26stop loss will be under the order block
1:43:34and then I will
1:43:39put the TP here.
1:43:48So if I close the whole position here it
1:43:50will be one to 1.3
1:43:53but if I close the position here it will
1:43:56be 1 to 2.6.
1:44:00So you can see that this is a 35 35
1:44:04point stop loss which is relatively
1:44:07small in trading new session.
1:44:13So since this is a C per setup, so um
1:44:18I'm not going to add more contrast size
1:44:20because we did we chase to a bullish FVG
1:44:25which is a very good entry point if we
1:44:28want to scale in more contrast but since
1:44:30we got relatively low here and making it
1:44:33become a C setup so I would say it's not
1:44:37worth it to scale in more contrast for
1:44:40me like within my risk tolerance.
1:44:44And the reason I put my puzzle here is
1:44:46because this is the internal liquidity,
1:44:50a large one minute bearish FG and this
1:44:54will be the swing high that very close
1:44:56to the mid- opening price.
1:45:02So
1:45:05if we assume if the case isn't like
1:45:07that, if we got a licris whip here with
1:45:10this candlestick, so it won't be a steer
1:45:13setup anymore. This will be my um
1:45:17another second entry point in order to
1:45:19scale in two more contracts for this
1:45:22bullish FG.
1:45:29And the reason that I didn't put my stop
1:45:32loss under the swing low but um but only
1:45:35under the order block is like it's
1:45:38actually so close to each other. If the
1:45:40order broke can hold a price I will
1:45:42assume it will eventually go to this
1:45:45swing low. So
1:45:48um just preserve my capital.
1:45:52I will put it under the order broke.
1:46:03So one minute left until the 9 market
1:46:07open. So you can see we've been
1:46:10consorted here within the one minute BC
1:46:18and we will see our final result
1:46:23in less than one minute.
1:46:36So you can see the trading wheel chart
1:46:39is a little bit lagging because like
1:46:41compared to the trading platform chart
1:46:44which move a lot faster. That's why I
1:46:48have a second screen that is monitoring
1:46:50the 30 seconds and also the 15 seconds
1:46:53chart.
1:47:01Okay. 9:30 market open outage gap here
1:47:0510 5% 50% 75.
1:47:09So
1:47:12we just sweep a minor by security
1:47:21very close to the tick ple also tap into
1:47:25the first internal liquidity.
1:47:33Okay, we just hit the tech parole. I
1:47:36trail my stop lo to under this swing
1:47:38low. We just hit the 50% of the outage
1:47:41gap going to 75% and also my second TP.
1:47:51So right now we're struggling with this
1:47:54huge PD.
1:47:58All right, I will try it to break even.
1:48:01So this is a risk-free chain for me
1:48:03right now. This is for sure a W ch. So
1:48:07we'll see if we tap into our final TP.
1:48:13Right now it's 9:31. Just one minute.
1:48:16The first market open candles already
1:48:20make us take part. Okay.
1:48:23So
1:48:27we hit our fire TP here.
1:48:31You can see
1:48:34all the execution here.
1:48:36So I enter here
1:48:39with this IFBG valid IFG take puzzle
1:48:44here for the first for the second
1:48:46internal liquidity pool.
1:48:49And uh my final T is here.
1:48:54where now we want to see if price
1:48:57eventually close that whole RTH gap
1:49:00because I actually take parel like take
1:49:02parcel here on the 50% also uh my final
1:49:06PPP is 75% also under the midn price
1:49:17we actually didn't hit this
1:49:21this high swing high Yeah,
1:49:24we I think we got one tick.
1:49:28Yeah,
1:49:30it's one tick left. So, we didn't hit it
1:49:35yet, but we form another relative high.
1:49:38And right now, this green shaded area is
1:49:41a one hour ag.
1:49:46So, yes, has a huge um five minute
1:49:50bearish Fuji here. You can take it take
1:49:52a look here.
1:49:57So that is what I mean. I don't want to
1:49:59be diamond hand like yeah price probably
1:50:04will hit this um cause a whole outage
1:50:08gap at the end and also sweep all those
1:50:11relative high. Yeah, but
1:50:14holding food or retracement isn't easy.
1:50:18And you can do it once, twice, or
1:50:21multiple times, but if you do it every
1:50:23day, um I just find it hurting my mental
1:50:26capital. That's why I don't like it.
1:50:30And even if we didn't hold until the
1:50:33whole outage gap close, we're still
1:50:36making a lot of money here with just two
1:50:38contract. Just two contract.
1:50:46So let me take a look like how much we
1:50:48made for this ch.
1:50:51So for the take parcel here we made 955
1:50:56and this one for the final TP we made
1:51:001,800. So in total I made $2,700
1:51:06US for this ch. And now you can see that
1:51:10we we retraased a lot. All right, we are
1:51:12very close to the helage open here and
1:51:15we are very close to our second swing
1:51:17high here. But we didn't sweep it yet.
1:51:21I think we will eventually go back to
1:51:23here. But like if you are still in that
1:51:26open position and price retrace over 50%
1:51:29of the range, it doesn't feel good,
1:51:31right? It definitely doesn't feel good.
1:51:34I I don't like holding such a position
1:51:36like that. So that's why taking puzzle
1:51:40is important and content with enough is
1:51:43also important
1:51:49and also for this
1:51:52gap. Okay, let me take it away. This one
1:51:57is the first presented for New York
1:52:01session.
1:52:08So right now we're very close very close
1:52:10to the
1:52:12100% of the gap.
1:52:21So um I would say as a sculper
1:52:25the trade that I took is like the best
1:52:28case scenario I can get. For the first
1:52:32candle I close with the tick puzzle. The
1:52:34second candle I close my fire TP. So
1:52:37within two minutes after market open I
1:52:41finish my ch. Um so and also I'm not
1:52:46those kind of people that
1:52:49will be frustrated for leaving some
1:52:51puffer on the table. So I'm actually
1:52:54feeling pretty good. But of course, I
1:52:56can understand for example some people
1:52:58trading MNQ
1:53:01that they didn't make as much as
1:53:04trading. They may need to hold for a
1:53:07larger range.
1:53:09But as we cho even though like a smaller
1:53:14range which is actually not that small
1:53:16it's almost 100 points
1:53:1890 point 90 points we already made like
1:53:23almost $3,000 US for just trading two
1:53:26contracts.
1:53:31So right now I'm just waiting to see
1:53:34like when will price go to this outage
1:53:37open and we can use it as a comparison
1:53:43and you would know like which kind of
1:53:45person do you want to be which kind of
1:53:47trader do you want to be
1:53:52and also remember even though it's like
1:53:54only 2,700 bucks for this tray but
1:54:00you're doing copy be trading with
1:54:02multiple accounts probably more than 20
1:54:05accounts. So this kind of profiter
1:54:09multiply by 20 that will be a really
1:54:13decent profit for just one trading day
1:54:16and just like we enter here right it's
1:54:199:15 so only take us 16 minutes
1:54:24only 16 minutes you may
1:54:32imagine if you're in this open position
1:54:35like what What are you thinking right
1:54:37now seeing all those choppy price
1:54:41session
1:54:43that we keep creating buy side equity
1:54:45here also sell side here
1:54:48you have no idea which part will the
1:54:51price go first but you're still holding
1:54:54the price
1:55:01oh finally so the whole outish gap
1:55:04closed officially here
1:55:07tapping the new day opening gap.
1:55:13So, right now it's 9:43.
1:55:17So, if I didn't close my trade here with
1:55:20this swing high, um I need to hold the
1:55:25whole position
1:55:28through all this retracement, this
1:55:29choppy price session. also is like
1:55:32around 13 minutes after market open
1:55:35compared to me this 2 minutes after
1:55:38market open. So which one will be like
1:55:42your favorite trading strategy? It
1:55:44depends on you. It depends on you. Like
1:55:46it's still the same trading model but
1:55:48like how do you manage the chain? Like
1:55:51what kind of profit target are you
1:55:53making for yourself?
1:55:55Can you hold this ch this kind of like
1:55:59choppy price session or are you
1:56:02frustrated of leaving some profit on the
1:56:04table? So you have to know yourself then
1:56:07you will know what you should do when
1:56:10you see something like that. So I think
1:56:12that's all for today. Thank you. Right
1:56:15now I'm getting ready to enter CH.
1:56:25We just see
1:56:28the cris
1:56:30also displacement and when our price is
1:56:34inside the new week opening gap and walk
1:56:38also a one hour ape.
1:56:40We got midnight opening price below, but
1:56:43we also got the outage gap open on the
1:56:46upper side.
1:56:51If we switch to a 30 seconds time frame,
1:56:53you will see a more clear picture.
1:56:58All right, just enter
1:57:01stop loss putting at swing low. So now
1:57:04it's 20 point stop loss.
1:57:07TP putting at swing high. So it's almost
1:57:1150 points for that chain.
1:57:18So you can see this is a one to 2.3 with
1:57:21ratio chain.
1:57:23Of course, you can take parcel here on
1:57:26the way because we did have another
1:57:29internal liquidity here
1:57:33which is a one minute CB
1:57:38and also you can leave a one on the
1:57:41upper side.
1:57:46If we leave a one here on the swing high
1:57:49also below the outage gap open it will
1:57:52be a one to 4.5
1:57:54ratio.
1:57:56So I think we can try it. I will take a
1:57:59parcel here
1:58:06also putting
1:58:09the final TP on the high.
1:58:16Okay, I will switch it back to one
1:58:18minute time frame.
1:58:25Right now, I'm just expecting
1:58:28some consolidation before the official
1:58:31market open at 9:30.
1:58:34And I would say it's possible for price
1:58:36to sweep the low and hit M O because we
1:58:40also get Eco low here on ES.
1:58:46If that's the case, this is definitely a
1:58:48losing trade. But we can wait for
1:58:50another setup because if the condition
1:58:54didn't change we just having one more
1:58:56recre
1:58:58but all the internal liquidity external
1:59:00liquidity target still on the upper
1:59:03side. So um the setup will be the same.
1:59:14All right. Right now I will move my stop
1:59:16loss a little bit.
1:59:20under the order block.
1:59:25So, right now is 16 point stop loss.
1:59:31Um, I didn't move it to break even
1:59:34because like
1:59:37we actually didn't have a large ring.
1:59:41We still just move like not even 20
1:59:44points. So I would say it's kind of too
1:59:46early to move stop loss to break even.
1:59:49But I understand we just tap into a
1:59:51large internal liquidity which may lead
1:59:54to a retracement.
1:59:56But this is the risk that I'm willing to
1:59:58risk. It's just like 16 17 points. I I
2:00:02can risk it. I can totally risk it. So I
2:00:05want to give some room for the trade to
2:00:08breathe.
2:00:16So, it's 9:28 a.m. Eastern time. Now,
2:00:21it's about to be market open. So, you
2:00:24can see we got more volatility for these
2:00:28two candlestick compared to, you know,
2:00:31the speed that we've been moving for
2:00:33this um 9:00 a.m. to 9:30.
2:00:37So
2:00:39we will see what happened at night.
2:00:45We did have some concern here because we
2:00:47are building um L while we going up but
2:00:52this puzzle I would say is pretty safe.
2:00:55Um just not so sure if we can get to the
2:00:59final TP just at right at 9:30 open.
2:01:05So after we sweep this um take ple I
2:01:10will move my stop loss and also I will
2:01:12change it to one style stop orders.
2:01:19So right now it's very close. I think
2:01:21it's only one pawn only, right? Only one
2:01:25pawn left to hit our tastle.
2:01:29And it's also creating a relative equal
2:01:31high.
2:01:33You can see this is the outage gap here.
2:01:37So this will be the 25 50 and 75 and
2:01:41100% of the gap.
2:01:44Okay, we just take parcel. Right now
2:01:47I'll change my order to one contract.
2:01:50Okay, it's keep on going up.
2:01:54It just hit 25%. I'll move my stop loss
2:01:56to break even now.
2:01:59So this is a risk-free ch for sure. We
2:02:02just hit another one minute CB here.
2:02:06Very close to 50%. Hit 50% about to hit
2:02:10a 1 hour FG.
2:02:15tap into that one hour apost.
2:02:21Now
2:02:28I'll keep on tracking my stop loss to
2:02:30the swing low.
2:02:33Okay, here we come the 931 candlestick.
2:02:37Okay, clear.
2:02:40So
2:02:41you can see the whole process like how
2:02:45we get into the chain because of the
2:02:48liquid sweep also the conference of one
2:02:52hour ag
2:02:56bullish SMT with ES and we also got a a
2:03:01here right you can see that it's one two
2:03:08and then we just go all the way to SW
2:03:11sweep our first target TP1 here, TP2
2:03:16here, just right below the LTH gap open.
2:03:20So that's how we trade the strategy that
2:03:23I've been mentioning on chart fanatics.
2:03:27I hope you find it valuable
2:03:31and I hope to see you soon on my YouTube
2:03:33live stream.
2:03:34>> But everyone at home, drop a comment
2:03:35with your biggest takeaway from this
2:03:37episode. just so so much. Any questions
2:03:40you might have, throw it in the in the
2:03:41comment section there. Make sure you hit
2:03:43like. You know, support Candace. We got
2:03:45her on the show. Maybe she'll come back
2:03:46if you support the episode. Uh but links
2:03:49for Candace are in the description
2:03:50below. So, make sure you check them out
2:03:52as well. Go show some love. Uh hit
2:03:54subscribe. Other episodes are on screen.
2:03:56This has been Chanag. Until next time,
2:03:58take

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