XAU Victor: Select Trading - Structures & Entries (Course) — Transcript

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1. 0:00All right. So, entry points, okay, which
2. 0:03is one of the most important thing
3. 0:05because we can do the best analysis we
4. 0:06can if we don't have the right entry
5. 0:09points, um
6. 0:10it's going to amount to absolute
7. 0:13nothing. Okay, so,
8. 0:15um
9. 0:16for those that comes from the last
10. 0:18course, we had three entry points uh and
11. 0:21now we only have two. Okay, so there was
12. 0:25um the structural entry, the break
13. 0:27retest, uh fakeout, and sniper. So,
14. 0:29sorry, well, it's four but actually it's
15. 0:32three because the fakeout can be applied
16. 0:34to both, okay? Um but the the last one
17. 0:37was the sniper
18. 0:39uh and we don't use it anymore, okay? Um
19. 0:43we used to uh trade it a lot because um
20. 0:48the fib 88 was something that was
21. 0:51reacting a lot back in the days and now
22. 0:54it's reacting still well but um we can
23. 0:58wait for our entry points. As usual, we
24. 1:00don't need to do the high-risk sniper.
25. 1:03So,
26. 1:05um
27. 1:05I'm not using it anymore. If I'm going
28. 1:08to use it once again someday, of course
29. 1:10I'll tell you guys in the Discord but
30. 1:12for now,
31. 1:13we don't need it. Okay, so we are going
32. 1:16to
33. 1:17see that structural entry break retest
34. 1:20and talk about the good old fakeout,
35. 1:23okay?
36. 1:24Uh so, let's go to the charts and you
37. 1:26guys be able to see it with a visual
38. 1:30example instead of just
39. 1:32dumb names, okay?
40. 1:34Um so, let's go.
41. 1:35All right. So, we are now in the charts.
42. 1:38Um just before we get right into it, I'm
43. 1:41just going to explain what the concept
44. 1:43of structure is, okay? Because our entry
45. 1:46points we enter off always. We always
46. 1:50enter off the 5-minute time frame, okay?
47. 1:54So, as I said, our analysis are on the
48. 1:56bigger time frames, so 15 minutes, 30
49. 1:59minutes, 1 hour, 4 hour, daily. These
50. 2:02are time frame for our analysis, okay?
51. 2:05But, once we have our zones, once price
52. 2:08reaches our zones, we are now trading um
53. 2:12what I like to call the price action on
54. 2:14the 5 minutes, and the the way we are
55. 2:17entering in our trades or not is if we
56. 2:20have a structure on our level or not,
57. 2:23okay? Uh what do I mean by a structure?
58. 2:26It's simple, okay? So, let's just say
59. 2:29uh this was uh our zone, okay? So, price
60. 2:32uh goes like that, goes like that. We
61. 2:34wait for price to reach our zone, and
62. 2:35then boom, we reaches our zones, okay?
63. 2:40Now, if you look closely
64. 2:43on the 5 minute in our zone, what do you
65. 2:45see?
66. 2:46You clearly see that price doesn't want
67. 2:50to push further up our zones, okay? So,
68. 2:52we have boom, one wick. Boom, another
69. 2:55wick. Boom, a downside move. Boom,
70. 2:57another wick. Boom, another wick, and a
71. 2:59downside move followed by it, okay? So,
72. 3:02wha- when we we price reaches our zone,
73. 3:05the thing we need is that we need the
74. 3:07price to tell us that it doesn't want to
75. 3:10break our zone. We need the price to
76. 3:12tell us that
77. 3:13price is reacting, and price doesn't
78. 3:16want to go either for further up or
79. 3:19further down, okay? So, in this case, it
80. 3:20was further up. Price doesn't want to
81. 3:23move above this level, okay? It doesn't
82. 3:26want to go above our zone. So, now we
83. 3:29are in what I call a valid structure,
84. 3:31and what we need is just to find a
85. 3:34perfect entry to just uh have one that
86. 3:37fits our risk, and then we can place our
87. 3:40stop loss in our pips range, okay?
88. 3:44So, usually when the markets are normal,
89. 3:47okay, we love to trade with 15 to 30
90. 3:51pips stop loss, okay? So, write that
91. 3:52down.
92. 3:53We like to trade with 15 to 30
93. 3:57to 30
94. 4:00pips.
95. 4:02Stop losses, okay? So, these are the the
96. 4:06usual, okay? We like to trade with 15 to
97. 4:0830 pips stop loss. So, super small
98. 4:10stops, but this is why we go on that 5
99. 4:13minutes. Okay, so let's take in
100. 4:16consideration this one.
101. 4:18The model is pretty simple. Don't worry,
102. 4:20we will get loads of examples, but for
103. 4:22now, okay, let's start with the
104. 4:24structural entry, which is the first
105. 4:26one.
106. 4:28And it's the easiest one to spot, okay?
107. 4:32What do we need for a 5 minutes on our
108. 4:35level to be called a structure? Okay, we
109. 4:38need three candles, three 5 minute
110. 4:40candles that tells us that price doesn't
111. 4:43want to go further up or further down.
112. 4:46Okay, so in this case, we got this one.
113. 4:48First reaction. Why does it count as a
114. 4:51candle? It's because we make a nice wick
115. 4:54on a downside. Okay, so nice wick tells
116. 4:57us that oops, price doesn't want to
117. 4:59break that level. Then what happens with
118. 5:01the next one? Once again, a nice wick
119. 5:03fails to make a new high, doesn't want
120. 5:06to go further up. Same thing with this
121. 5:09one. Yes, it bounced right above those
122. 5:12two wicks, but still closed right down
123. 5:14below.
124. 5:15So, now we know that price
125. 5:17doesn't want to go above that certain
126. 5:21level.
127. 5:22>> [cough]
128. 5:23>> Sorry.
129. 5:25And now, once we get this confirmation,
130. 5:28so those three candles that are
131. 5:31telling us that price doesn't want to go
132. 5:34further up, now only thing we we need is
133. 5:38a retracement of the next candle. So,
134. 5:40after those three, we need the next
135. 5:42candle, so right there, to give us a
136. 5:45nice entry that um
137. 5:47fits our risk, okay?
138. 5:50So, in this case,
139. 5:51um there's no really a nice level to do
140. 5:55our entry, okay? So, only thing we need
141. 5:57to do is wait for price to give us a
142. 6:00solid risk. Usually, like I said, we
143. 6:03trade 15 to 30 pips stop loss. So, now
144. 6:07you do like that. Um now your 30 pips
145. 6:10starts right there. So, in that zone,
146. 6:13okay, that nice zone, let's say right
147. 6:16there.
148. 6:19So, once price retrace into that zone,
149. 6:22entries are valid, okay? So, in this
150. 6:25case, we entered around this or that
151. 6:28wick. You can even wait for this wick to
152. 6:31go down once again to get um some more
153. 6:34confirmation as well, but usually
154. 6:38uh the thing we would do is just wait
155. 6:40for price to do to be um in our 15 to 30
156. 6:44pips range. And right now we went third
157. 6:46right there. Stop loss, we put it always
158. 6:49under the high because we don't price
159. 6:52has no need to go further up.
160. 6:56Reason is it fails to make a new high.
161. 7:00Price tells us that price doesn't want
162. 7:01to go further up. So, now we can wait to
163. 7:05buy to short on that retracement because
164. 7:08um it now fits our risk. We cannot enter
165. 7:11right after that because now you'd have
166. 7:13to risk
167. 7:14uh around 63 pips, which is way too
168. 7:16much. So, you wait for a retracement
169. 7:18that fit your risk. In this case, it was
170. 7:20around
171. 7:2230 pips, so right there. Uh and then you
172. 7:24put your take profit to the next
173. 7:27uh short zone.
174. 7:29Could be uh wherever. It could be a
175. 7:31small take profit right there. Uh could
176. 7:34be further down, okay? Um
177. 7:37Now, what we do is concentrate on our
178. 7:39entries.
179. 7:40Um so, this was a perfect trade. What
180. 7:43happens after that?
181. 7:46Mhm.
182. 7:47The price goes down to a nice take
183. 7:49profit. Uh, like I said, I I'm only
184. 7:52checking the
185. 7:54the entries for those, okay? For for
186. 7:56full trades, we'll wait for the trade
187. 7:58examples. Uh, but for now you need to
188. 8:00understand the concept of structures,
189. 8:03okay? So, what are structures once
190. 8:05again? It's simple. It's when price
191. 8:08reaches our zones. Uh, in this case,
192. 8:11this was our zone.
193. 8:13We need some signs that tells us that
194. 8:16the price wants to react to our zone and
195. 8:19doesn't want to uh, breach it, okay? So,
196. 8:22like I said, we need to wait five uh,
197. 8:25three five minutes candles. So, in this
198. 8:27case, one, two, three that tells us that
199. 8:30price doesn't want to break that and
200. 8:32then we can enter with a valid risk,
201. 8:34okay? So, this is the classic structural
202. 8:37entry, pretty simple. Only thing you
203. 8:39need to wait is that. Um, so once price
204. 8:42reaches our zone, the only thing we can
205. 8:45we we should look for is always a
206. 8:48structural entry, okay?
207. 8:50Um,
208. 8:50>> [snorts]
209. 8:50>> there's the first reflex should be to
210. 8:53look for those three candles. So, you
211. 8:55should wait for at least three five
212. 8:57minute candles every time price reaches
213. 9:01our zones, okay? So, you go on the five
214. 9:02minutes, wait for those three candles
215. 9:05and then if you have it, you then uh,
216. 9:08try to find an entry that fits your
217. 9:10risk, okay?
218. 9:12Uh, but that but now there's sometimes
219. 9:15that price will uh, react to our zones,
220. 9:19but
221. 9:20it will not uh, give us our exact three
222. 9:23candles and then the time to enter. So,
223. 9:26there's actually a second model, um,
224. 9:30which is the uh, retest, okay? Um, let's
225. 9:34I'm just going to pause the video, find
226. 9:35another entry that shows the retest so
227. 9:38you guys be able to see a
228. 9:40what it is
229. 9:41and then I'll explain it on what is that
230. 9:45famous retest entry. Okay, so retest
231. 9:49entry
232. 9:50it's actually very simple. Okay, so
233. 9:54let's say we have our zone. Okay, right
234. 9:56there. We have had a nice 78 plus all
235. 9:59that liquidity right there.
236. 10:01So that 78 was interesting me. Now I
237. 10:03have the zone starting from that 78 all
238. 10:06the way to that 100. So now once what do
239. 10:09we do once price reaches our zone?
240. 10:12Pretty simple. Okay, so price touched
241. 10:14our zone finally gives a nice candle.
242. 10:18But now we need to wait for at least
243. 10:21three from that. Okay, so three candles
244. 10:23that tells us that hey price wants to
245. 10:26move down because it's a sell zone. So
246. 10:29now we go one. Now yes, it's a third one
247. 10:33right there. Big red candle from that
248. 10:35and then three. Now after that three
249. 10:38candle what do you do?
250. 10:40Do we really enter right after that
251. 10:42close and then we have a 140 pip stop
252. 10:46loss? No. Okay, so what do we need to
253. 10:49wait when price goes off without us? We
254. 10:52need to wait for a retest. Okay, so in
255. 10:55this case retest worked perfectly.
256. 10:58What can you do when we have a retest?
257. 11:02Two choices. Okay, you got the riskier
258. 11:04one which is if you can find a nice key
259. 11:08level on that 5 minute that on our
260. 11:10entry. So in this case you see right on
261. 11:13there there's this week. There's the
262. 11:14start of this week. So the nice zone in
263. 11:18that would be the retest of those three
264. 11:21weeks. Okay, so that nice level retest
265. 11:24of that. You entered right there. Stop
266. 11:26loss below that week right there. Okay,
267. 11:30above I'm sorry.
268. 11:32Right above. So, now it's a 38 pip stop
269. 11:34loss. Um, but now there is an exception
270. 11:37for the current market, okay?
271. 11:39I don't know if when you'll see this
272. 11:40course, market will have uh, gone back
273. 11:43to normal. But for now, market is super
274. 11:46volatile. And like I said, um, I'm going
275. 11:49to be talking about it, uh, a bit in the
276. 11:52next segment when we will talk about
277. 11:55risk management. But, uh, it's okay to
278. 11:57have bigger stop losses right now. So,
279. 12:00usually we risk, like I said, 15 to 30
280. 12:04pips. Uh, for now, it's acceptable to
281. 12:07risk, uh, as much as 50,
282. 12:10uh, and even 60 pips max. But,
283. 12:14let's say you were trading with one lot
284. 12:16at that time. Now, you just need to
285. 12:19trade with 0.5 lots. So, your risk is
286. 12:2350% less, uh, but your stop loss are 50
287. 12:26per- uh, are 100% bigger. So, you risk
288. 12:29the same thing, okay? Um,
289. 12:32but yeah. So, you can either, like I
290. 12:34said, right on that retest of the nice
291. 12:37level you found, which was this little
292. 12:39line right there, short directly. Or,
293. 12:43you can wait for another reaction, uh,
294. 12:46that the retest is good. This one is the
295. 12:49most, um,
296. 12:50safer one. But, sometimes safer means
297. 12:54you miss the move, okay? Because now,
298. 12:56yes, you've had time to enter right
299. 12:58above that candle. Okay, I took this
300. 13:00trade personally to get uh, the safe
301. 13:03way. So, I waited for the close of this
302. 13:05candle. Then, right after the close, I
303. 13:08entered my short because I now [snorts]
304. 13:10have the confirmation that this zone had
305. 13:12made the retest. So, we retested it,
306. 13:14made some nice downside reaction, and
307. 13:16then, uh, I want to short. And then, I
308. 13:19shorted and make around 500 pips. It was
309. 13:22a solid trade, okay? But, the retest,
310. 13:25pretty simple. It's a structural entry
311. 13:27that failed to make the structural
312. 13:29entry. So, it left without us. Now, only
313. 13:33thing we can do is to pray that we get a
314. 13:35retest. Price retests our zone, and then
315. 13:39we can enter
316. 13:40either when you get a nice level like
317. 13:43that. But, I'm saying sometimes there's
318. 13:44absolutely no levels. You have no choice
319. 13:46but to be patient to see if the retest
320. 13:48will be successful because sometimes you
321. 13:50get a nice reaction, and then price just
322. 13:53keeps pushing up. Okay? So, you don't
323. 13:55want to snipe it every time. It's valid
324. 13:58to snipe it. Well, it's not a sniper,
325. 14:00but it's valid to enter right at the
326. 14:02retest when we have some kind of a zone
327. 14:04right there. But, the safer way uh is
328. 14:07always to wait for a reaction on that
329. 14:09retest candle. If there is, then you can
330. 14:11enter right off the next candle. Okay?
331. 14:15Uh so, now we'll do some uh more example
332. 14:17of retest and structural entry. But,
333. 14:20right before that, I want to talk about
334. 14:22a nice concept.
335. 14:24Um Uh what Well, end this video. Talk
336. 14:27about the next concept, and then uh
337. 14:30we'll make a couple of examples of
338. 14:32structures.