traders any going alright so this video
is going to keep that the series on forex training and i'm going to try and
keep it as simple as I possibly can this was a special requests about one of
the subscribers and it's to do with training forex on higher fine print now for those of you that are season for
x-rays or have been doing this for a short period of time we probably have
discovered by now that the four-hour Chad possibly is the best time frame to
be trading forex off the reason for that is I believe patterns especially
harmonics pretty much it paints more accurately off the for hourly chart the
overall if you could say the seasonal targets in forex and broken up i think
monthly weekly and that that shows up more accurately on the formerly chart
there are significant components to trading forex on the 4-hour chart or any
chat for that matter but what I'd like for you to look for a four hour each
other and that would be one candlestick patterns we're looking at also structure
and pattern so remember when we discussed in one of my recent videos
understanding the market cycle it's on the channel if you haven't seen it what
that would do is it will give you an idea of the direction the market and the
waves the market moves in and in doing so it creates specific patterns or
structures right so we're actually looking for all of those before we
actually then look for a setup or a possible entry right before i go into
that the other thing that i want to quickly discuss is the use of brokers
now you've got a number of questions have come in regards to reuse ECM
brokers will use back and make a broker's be aware that with the the deal
is the the market makers in particular they do use easy and brokers as well
it's not to say that they don't these these large volumes going in 3 easy and
and there aren't stuff there are marked differences
between the two the ecn broke is pretty much like a pool exchange so the the
broker that you're dealing we will make money off you via commissions and then
the other end of the contract that you're the trade that you're you're
taking the other end of their contract is taken up by a pool of other traders
out there right so the the the broker itself pretty much is a lot of running
like an exchange whereas with the market dealer brokers
these guys pretty much other ones that are taking on the other end of the the
contract now be aware that the market is that the reason why there have the
ability to move the market significantly or control the market significantly is
just because of the sheer volume in net dollar amount that they actually have to
train with right so you know these candlesticks interesting painting on on
your screen it takes a crapload of money in order to
remove that just one pit so when you're seeing spikes when you're seeing massive
candlesticks like these babies are a crapload of money behind that ok so i
understand that and that's what we say you know retail traders we pretty much
don't have much of an impact on the market itself besides the fact that the
money that we put into it is the motivating factor for the dealer's
anyway the the larger the market makers the the maca dealers right so you can
understand that fantastic what you're also looking at on
your chance pretty much is the footprint that's being created by with the market
already be alright i always see comments from traders in the YouTube videos where
they say you know a lot of firm and teachers out there they pretty much go
ahead and they're looking at what's already painted and that they're saying
well why are so many of the Guru's talking about so much of what's already
painted the reason for that is then what's already painted these was going
to give us a very clear indication on where the market is
that back to go and when the market responds in real time so in order for me
to know what's going to happen beyond here I really need to go and study all
of this so it's almost like you know if there's footprints heading in a
particular direction understand i know that whoever is you know who's created
the footprint is going in that direction I wouldn't go searching for the person
here or their footprint here if the footprints heading this way right in the
same way when you understand how the market moves whether it's just the
backpackers whether its harmonics if you utilize them whether its support
resistance lines whether it's a very clear understanding of how the market
makers work stop pants or even the and understanding of how the vmas are formed
and how they calculated all of that combined is what it's going to give you
somewhat of an indication as to when the markets going the whole purpose behind
for extremely for us is to be able to jump right on the back of the big move
it so if say for instance the market wants to going this direction and forex
terms are we doing is jumping right on their back so guess what we take we go
along the road go along with them on the right and that's what we've got to do in
order to make money right the absolute secret to trading forex in
my opinion has nothing to do with indicators has nothing to do with
technicals have absolutely nothing to do with fundamental it has everything to do
with patients that's it if you want to separate those
traders that are making a ton of money you know the the two percent of the five
percent right at the top and I don't really know how they come up with these
calculations right but say Frances we we took that into account if you want to be
part of that group what you've got to have these patients that's it some of the most skilled traders out
there they don't day trade you know there are day traders out here that are
doing doing well and making great money but they're also have a ton of losses
you know when they're when people are talking about ratios 121 122 whatever it
is there's a day traders when we're talking about longer term trade is the really
successful traders out there they will wait for the exclusive set up if it
means waiting for a month fantastically don't wake him up because
they know when that setup happens and then market moves in the direction in
which they were analyzed then even if it's like 50 peeps are having pizza or
whatever it is and what we're going to run through some examples here shortly
but if it's called a 50 pips if they are so sure of this setup they're happy to
put 50 lots of hundred lots of you know 500 plus there are some brokers out
there that will let you trade after a thousand lots these traders are happy to
put that much money down or that many Lots down on a one just one trade and if
it takes three months for that to set up fantastic go do that over three months
whereas if you sit here and you're saying I'm gonna do this just daily
every single day I want to make and I want to have consistency that becomes a
little bit more difficult for a lot of people because you know your emotions
your year the whole Lab physiology over that kind of changes on a daily basis
you know there are days when I am tired for no good reason whatsoever i would go
out trade because i know i will mess up my analysis if I did right now so coming
back to . here are a number of things are put together a bit of a criteria now
for the time being disregard this this the EMA seeks and
EMA five cross is one of the more popular known strategies forex out there
i don't like it very much because sometimes there's just too many of these
crosses in there and they're hard to analyze but it is if you if you google
like any make or ma cross strategy forex this one probably will be one of the
most popular one since Clinton all won a lot of people are making money off of
there personally with the the crosses and some of you probably already guessed
i prefer the the EMA 50ma 200 it will take time for these two setup but when
they do they're fantastic and you can actually go for a run their bdays in the passion and as I used to say my previous
videos that when I held a day job the specific for extremes i used to do
we used to be of a 4-hour chart right so this is what I used to do it used to
just be a cross of the 50 and the 250 is the fast-moving 1212 the slow-moving one
if at any point in time you see the slower-moving one cross up above just
the slow-moving one so the fast-moving one sorry Claud crossing above the
slow-moving one then we're assuming that the the market is going to continue on
an uptrend if at any point in time the fast-moving one crosses below the
slow-moving one then we're assuming that the market is going to hit in a
downtrend right that's just one aspect of the criteria doesn't mean that's what
that's what you're gonna do blindly because he is a clear example where the
EMA 50d cross up above the ma 200 now if you took a trade and any point in time
here you probably at this point here would end up in with 77 pips in in the
money but if you're trading for a long time and that would've been a four-hour
trade but if you're trading for the longer term you probably would have
ended up losing money because this market since that point has fallen all
the way down 310 pips right so that's just one aspect to the overall criteria
so if we go back here what you need to make sure of is one the market cycle
what do I mean by Michael cycle remember Elliot waves market moves in waves and
we did something along these lines of say that's ok so let's say the market
that's an X up here that's an a you know AV ABCD packing for those of you that
are familiar with that as well but he's really thinking that the market moves in
ways we've got say 1234 and then this market may come up here and do a five
this maker and for out is the the critical thing if the elliott waves here
is correct in the market moves back up somewhere along this line here then a number of things are going to happen
one is that it will then create critical structure for us something that we
recognize and in this case that most likely might be a double top windows the
market come come up and do something like that
God knows right now what we do is this we grabbed our horizontal line we're
looking to see if there are any key resistance areas up here right and you
can say ok the absolute biggest 1 i'm going to do an average here let's grab
our horizontal lines again and we'll do an average somewhere around here so we
capture this . this . those weeks here that week that there's a week there this
point and someone close to this point right notice how we were looking only towards
the left but notice how this point he hits that line and then there's a slow
decline from there alright so what we're thinking is that
the market is going to push back up somewhere back up here possibly now what
we're waiting for is the market to set up exactly as we would want to set up so
it doesn't really matter in like it and this is how i'm doing it some other
traders do it differently it wouldn't really matter to me where
this Michael will come up and hit that line i'm going to use Fibonacci to try
and predict it but I wouldn't really rely upon out what i'm looking for
would-be and which would be now the second part of my criteria would be
where the market issues a leak to the high somewhere here right so these that
there's a nice fake up to the top which pretty much confirms to me that the
market or the market makers there they are now clear so and what I'm talking
about the weeks i'm talking about something like this and wait to the high
bounces back down and finish though you have a clear look at this this wick
itself on this red candle is a hundred pitch long that to me says it's a
confirmation from the market breaker that yet we've got our business up
around here and we're getting ready to enter now a channel going this way and
what I mean my channel something along these lines see this this point at this point now and get
your long we're thinking along the lines of being a longer-term trader i have a
good look at that channel from the bottom of that candle to the top of this
is about 970 tips right duration wise this is at the earliest 16 of august and
the top of this is the first of September so that's about a like a
15-day trade and in 15 days you would have you would have banked about 970 or
so pissed right you want to trade longer-term this is how we do it now
what I'm waiting for here is a number of things 1 i'm looking for a create clear
indication on the market that is going to climb up and then a spike to the top
and then it's that's heading back down again all of entries would actually be a
two bar setup and what I mean the toolbar is something like this for
example let me go back a little bit so I can show you something that's already
happened ok something along these lines so we've
got a green k in this case a green candle going up and then we've got a red
candle week to the high pushing down and then finishing off in a red candle so
we've got green candle red can write so it's going to be to buy so on a four
hour charge and setup has to be over eight hours but the setups a double top
to happen here look at this this is if for the market to bounce off the EMA 50
go up here thats 1 2 3 4 5 that's 20 hours right there six that that's a full
day and then come back down 123456 we've got two days right so just two and
A two and a bit days for the market to set this up for us now if you were to
just go on a four-hour entry trade back down to the EMA 50 or so from here to
here that's ninety five pips over four hours but what we're looking for is a trade
that's going to be much long and this is why i'm saying i'm waiting for now this
enter to start falling after the the double top to start falling and and in
doing so establish a channel for me right so let's have a look at the
criteria again market cycle understanding where the markets headed
so it's done it's the the double bottoms and then it's gone up its pull back at
least twice to significant . and then going up to create another structure for
us which in this case would be a double top right structure wise how do we
determine if the market has always doing whether what we wanted to do in terms of
structure well we do this again we grabbed our
field let me get rid of these lines ok so we grabbed our fields here now
what I'm going to do is I'm going to run my faves on this according to this high
and this low here alright i guess in established that as
the official hi I'm going to establish this now as the official law what I'm
waiting for now is to not waiting for sorry what I'm looking for now is where
there's a clear run bounces off these . so the the most significant one for us
would be the bounce off the e main sort of 51.8 wine once that bounces off and
keep in mind for those of you that do want to trade these you can trade these
reversals as well for sure . okay just don't let it run for too long and you
can do it maybe a few a few candles do it over a day or so you can probably
wait to see if it bounces off one of these long lines and in this case a for
instance we took this rid of this red confirmation here you could have taken
entry on this candle the issue with this is that one first of all of this for our
child you get a four-hour can't we could have pulled out about these bits but the
next four hours pulled back up again and you
would have been pretty much actually would have been out of my mind getting
spread for that takes four hours and then the following red cannot push the
market back down again you probably would have been about 30 40 clips and
the money again you would never know that but what you could do is if you
want to carry forth with a longer term trade and you said you do believe that
this balance is going to happen in the markets going to pull back down to at
least this field line and then you can do that and that's a 92 clip trade over
the course of four a 12 16 20 24 we're looking at roughly about 28 hours alright you like trading that way that's
fine you can you can do so in this case what I'd say you do is you can look for
entries off of here because you would you would have counted you're around you
draw down from this high here now we're looking at this and went ok all the way
to 61.8 pull back down here so if we were to say apply the ABC happen to this
and again the harmonics your got lazy about a fly patterns your ABCD patterns
and then use that applying head and shoulders to this you you apply your
double bottom see double tops all of that for this and that was not helping
you to kind of formulate a picture of where you think the markets about to go
in where it's going to go from this point on so in this case we're saying and I'll do
draw this as the next on ABC deep and this would be my a this would be B call
this is see that's the lowest point after the B and then the market bounces
back up from seeded the some way up here right usually on a higher time frame what I do
is I draw my favs in and i have also added with my favs here another line
which is the 78.6 line ok so you we would have the 60 61 . and
the hundred and this would be a gift for you guys but what i usually do of the
longer term trades i'll add another line to my faves and how you can do that this
red line double click on that going to feed properties and where it is football
levels you can click Add and what I've done
here is you'll just you'll get another line down here and you you click on that
and i just added 78 0.78 six and the description which will show up here and
78.6 and just click OK and that will show up that will add up to your future
as well so I've been added on that on now what I do is I'm waiting for the
market to come back do its thing and then climb up somewhere to the 78.6 line
or slightly above it and then i will start to look for in trees on and the
entries the setup may happen over four hours may happen over 20 hours it
depends notice how here is what i would do you
think he is what i would do is where i'm looking for candles and weeks here to
start forming lower highs so this is a lower higher this is a lower haight this
is a lower high and this is what I love doing in this case as well is once the
market comes down I don't trade it here I don't read it here i wait for the push
back up again once the market pushes back up again you could possibly take an
entry off these lines here these yellow lines of their bonacci lights you can
take an entry up here now be mindful of the fact that this would
be a long green candle right but you can take an entry or fear going this way
right you can you can jump onto the alley child after that you jump onto the
15 minutes after their and seek influence and i'll show you an example
of their children as well there's something happening on the value is the
currency pair right now so i'm waiting for ok so you would do that right and and
combined all of this so far where you're seeing this establishment the fibs are
lining up your package the lining up you understand the market cycle here the
next stuff that we're looking for now entry wise is ma 50 and EMA 200 cross
right so in this case let's have a closer look notice how here the EMA 50 is starting
to cross below the EMA 200 it hasn't fully done yet but it is done across
below this hit on the EMA 200 is one of those identifies for me that there's a
potential that this could bounce off just off this point here they could be a
spike too high and then the microsite coming back down and get the potential
of that so what I'm waiting for is this year made 200 to cross the below i want
a spike to happen at some point and then the market to come back down and what I
would be be looking for is that where the market comes down and then goes back
up and then kids IMA 50 so like a pretty much a bounce off the EMA 15 like it's
happening here so in this case it'd be like where
there's a green candle that hits it rid of a week and then the next for our
candle create a red candle that comes down to something along these lines
where the red candle cover down here hits the a50 and then bounces off of
this and knows i forget that is a clear bounced off the EMA em-50 right how I
would trade it is something along these lines here and see how I did trade it
was something along the lines of what's happening here this regard the analytics
but what normally are we do is wait for this wait for this movement to push back
up and then I'll take an entry of the next candle all right now and off the
next scandal I'll keep trading this even if it's
coming back to this point i'll keep trading as long as it doesn't fall below
this line here which would be my entry line and you can you can do that in a
for instance I i did in to hear that would be why entry like if it doesn't
fall below that I'm still good in my trade so what would happen is i will
continue trading this until price actually comes back and hits my email 50
right look at the simplest way you actually trade Forex where we're
we're literally taking tui na and we're analyzing market structure where our
analyzing the market cycle so we understand the direction of flow of the
market whether it's going to go continue going up or it's going to now hit a high
for the month week season whatever and then start coming back down
and get and we understand if this is the official hire and it's starting to come
down then what we're now looking for is a cross of the EMA to hundreds and
beyond the cross of the way to hundreds i'm looking for sorry the EMA 250 so the
two emails and then after that I'm looking for stop hunts i'm looking for a hit back to
my ma 50 so a little bounce of the EMA 50 i'm looking for candlestick patterns
in particular so something along the lines of this would be great i actually
love like this sort of stuff the the morning star or evening star
patterns that they work really well for me in that regard so if say for instance
this was an EMA 50 writing this way and this is a red candle hitting down on my
ma 50 I've gotta a bit of a a tiny candle here we preferably if it's red a
slice more red one doesn't really matter and then a nice green candle he pushes
back up and using someone's been luckier morning stop happen here fantastic I would look for an entry off
the next candle ok and how it would have been is the way i'll take that entry and
my analysis would tell me that this is going to continue on the the email 50
would just continue on for a while here so i would take that trade and wait for
price to come back and hit my ma 50 again some way up here and if in however
long it takes that is a hundred black people move
right here so he goes with me so far please write some of this stuff down so
again microcycle to change this actually and mind you so if we keep this at $TIME
p.m. a205 said sit there to open and if this is our DNA 57 too close okay I
criteria way so understand microcycle understand the pattern the patterns are
your image UW's which is your double talk to the double bottoms you're around
your butterfly pattern is your your galley is all of that sort of stuff i
had i am meaning to put those individual videos together to to show you what they
are but there are a ton of those sorts of videos on youtube as well so if you
guys just typing forex patents and a lot of these videos will will show up Steven
and hopefully by the time i put those videos of you guys will have a better
idea of what they are right the EMA into ma 5200 cross go to your chance to jump
into a four-hour chat and you look at every time the the to have crossed it's
not gonna happen all the time and like i said earlier you probably won't have to
wait too much anyway because you will be creating a hole deeper county-based but
at the same same time keep in mind that when you find those setups a new trader
you might be trading them for 45 days and in those 45 days the potential of
making for 500 ships in a bit you know once you get a hang of this you'd be
trading them and you would eventually be training them in and I hi a lot so you
will have the ability to wait for those setups to happen right ok get you into the next camp right now
so let's jump onto a pound USD this is what's happening right now so this is
what I was talking about earlier now here a couple of things is going on one is that here the EMA 50 has just
crossed above the EMA 200 so I'm not taking a trade straight off somewhere
here I don't want to do that what I'm waiting for is priced to come back down
and hit my ma 50 look at this hit down a little dodgy red candle and then
we've got an ice cream candle going up to remember mine when i said only
$PERCENT of my candlestick pattern which in this case is a good morning sir so we take this into account that's
point one we take this into account that's point2 we also now analyze the
see where this is in terms of our right so we'll say okay this is a for instance
the previous high will count this as our absolute bottom that we've been trading
i'm going to grab my favs draw from here to here the time being i can actually
extend that out to this point as well so a good draw a line of the top here and
i'll just text thing that to this point yeah okay and the reason why I'm doing it at this
point that's the the highest point that i can see and I want to analyze based on
this movement from here to here to see what their prices actually done so far
and those balances will give me a clear indication of whether or not what I'm
about to predict is going to be accurate also remember what i said earlier
looking at and hits to the high here so in this case that said this is the first
wave down sticking way down and this is the third way right so we'd say 1234 no sorry 12345 right and that's how we
apply for getting here early wait ok now what I'm expecting is the potentiality
of say here you can you look at this and even something okay this market most
likely may push back down again here is a pattern that to me at the present
moment is looking like it's a Head & Shoulders pattern so we could
have actually taken a trade possibly off here at this point here and you mean so
you can have a clear look see here where the price that come up slightly you could have waited for this hit the
high here taking an entry here so taken an entry here would be roughly bad 40
pips or so for over four hours . this is part of the reason why am I going to do
like training a 15-minute right now when I have time because i can hit those 40
pips and maybe half an hour supposed to wait for four hours before but that's
that's a four-hour trade 40 pips in the bag now if you continue but this is a
head-and-shoulders pepper packets coming down that sort of stuff you'd be like
okay you know what I have a feeling that this is going to run for at least my 50
pips that I want to collect 230 people whatever it is and then you've got a
crapload of lots on top of that collect your money and walk away but in this
case what we're waiting for is if I'm thinking that this is going to be a hit
to the high again it's possible it's not going to break this point if it doesn't
if it is it offers me a week to the high which would be a stop . so the next part
of the criteria here which I didn't write is stop hunt capital so if I see a
star plant that's a further confirmation for me that this market is that the hit
down when you're training for our child you don't have to jump in at the highest
point or the lowest point ok in fact I i prefer not to the reason
for that is that I want the market to show me a clear indication that it's
done its business of the top and it wants to head back down jacket right so
like is it here you're gonna take in your entry but for the time being right
now you'd be sitting here for hours eight hours going on to pretty much 12 hours
something between eight hours in 12 hours on in your trade and so far you
would have only made 46 pips and then the market would have bounced back to
you being roughly now about 12 peeps in the money- the spreads so that's a
that's like a a nine-hour trade so far and you're only literally sitting on 12
12 peeps write that kind of doesn't work from right so what you do is you wait
for the market to finish up its business here that do is head and shoulders thing
do everything that it needs to appear spike to the top and then come back down
and do something like what it's doing here like you know it's crossing down
below the ma 200 we're waiting for a spike we're going for a nice red candle
to to the low to confirm to us that this is doing its thing it's moving and when
it does what I do know is that once that once that red candle has made its move
the next one or the next few candles will actually come back down to a point
below this line here below this point here so if it's doing that and the
reason why it's doing it is because where this is going to establish now a
downtrend right so like this this is an uptrend this is going to establish a
downtrend and in that longer-term down train what we're looking for is lower
laws so if the market comes back down he bounces off some way here and doesn't
break this low then what we're saying is this this market is still continuing on
on an uptrend and this is just a short-term pull back so if my analysis
is correct and once this comes back down again what we're looking for is for
price to come and break this lower low and establish a new law if you look at
where my line is if it just comes down slightly below that . we still are about
a hundred and ten tips to go right so that's when I would look for an entry
again and hopefully there that's when like you know market bounces back spikes
up its my ma 50 and then we go for a nice long trade south ok how about nicely confused all of you just looking for a trader did see one
yesterday did I see this ok hold on a second this was off a this
was off a one-year someone okay here we go and here's a clear
example of what's what's going to go what's what's happening right so I want
to zoom out this is the the perfect trade this is the perfect setup that
we're looking for ok so this is one pound ends in deep
first thing that I'm looking at is that weighted the market actually change from
being a doctor into a Down trip ok this was the uptrend notice how the
ebay 50 is above the email 200 and notice how it actually the comes back in
waves somewhere close to so here it goes up and you'll see come back hit the EMA
50 goes out again comes back he comes back and hits the ma 50 and and also
notice how the email 50 is away from the ma 200 some people actually just look
for entries when they understand that whether this is an uptrend or a
downtrend when they understand that over a longer term what they'll do is they'll
look for entries just that the course of the m50 Annie Mae 200 and they will then
cancel out their trade when the 50 comes back and crosses the 200 again so in
this case if you could really weight from this point which was April 2015 20
September or end of september-october 2015 that would have been one long trade
you can you get a waiting for pricing if you waited for price to come back and
hit the ma 200 there we go that's 3700 pips and here if you waited for the a52
come back and cross the that you made 200 thats 4283 pips
how many months with organ was an April May June July August September final six
months come submit in so far as expensive bed but here's what we're
doing for the time being we're waiting for this to cross and then we're looking
at the behavior of price so once price comes back it's somewhere near the email
210 bounces off wearing down trim down right and if the email 50 is comfortably
below the ma 200 line majority of the time run down trend so here's what we're
looking for you this is particularly what I look I wait
for price to come and hit above in a 201 km/h 52 cross above the EMA 200 as well
and do something along these lines I wait for notice how it's above we're
getting a higher highs established and then the market does pull back down and
start giving us a high-low see this a lot of traders would have looked at that
and said hey you know what miss their trade centre ste we don't
wait for that we are what we are waiting for and assuming this is the bit where I
said the EMA fifties above the EMA 200 blind ok so what we're waiting for is this EMA
252 come back and cross it below the EMA 200 blind and take a nice dive why when
the EMA 50 is very closely hugging they made 200 slightly above or very close to
it we know that although the prices moving it's not significant I know that when this crosses and then
there's a number of events that have to come together for for this beautiful
move to have it all right and I'll show you why these benefits ok so what I'm waiting for first of all
is that cross i have already done my analysis to know that the the
relationship between the a-15 the unit 200 show me this is now a downtrend I've
gone back in my child to look to see where the uptrend ended and then
transformed into a downtrend i am now looking for that moment where the
fifties above the 200 but slightly and I'm looking for those the the double top
Triple Top quadruple top formations that happen i'm waiting for the market
announced start falling and when it doesn't want the EMA 52 cross below the
200 again and then after that he is what i'm doing ok let me blow this up a
little bit more so you guys can see okay now remember when i said the m50 was
above the 200-day these are the patterns that it's making we were looking for
these weeks weeks to the high the weeks that are higher the store pants there
we're looking for right now when this happened prices price closes below the
EMA 200 does a nice little curve and comes back and hits it remember to to Candlestick patterns that
we're looking for is this sort of stuff where it bounces off the major hundred
and we've now got a nice red candle to the law you can take the entries off
here as well and if you did on a 4-hour chart wait to see this yellow line
that's my email 6 line whenever I take my entries this is my own personal lab
addition to my criteria is I like if the candle opens and goes green I wanted to
come in hit slightly either on my EMA 61 or above it it's just a personal preference and the
reason for that is where I tend to like wear that week pretty much consumes my
spread and it's a nice long week what that does is not only consume my
spread but it will also give me a nice profit by the time the bodies that's the
form and get right so say for instance i took my entry they're in for a 12 hours
which would be down here we're about a hundred and twenty-nine peeps in the
money right but I wouldn't be taking my trade there where I would be taking my
trade is when like it comes back down there are wave
remember like it it's always moving waves comes back down does another way
it goes up comes to this . see how this long green this would have been a long
weekend or some point came and hit someone very close to my ma 59 this is
part of my criteria where I like it I like price to come back and and then say
hello to the EMA 50 line and when it does is when i'm starting to look for my
entries i wouldn't take it straight off there because you don't know if the
magazine to continue going up again for a little while we don't know so what we do is we wait for this to
finish off hit I want to see a week to the higher the store . this is my store
pad and other part of my criteria is met price comes back down there still
finishes off in the green now i don't take an entry straight off the second
candle why I'm waiting for confirmation that this market is ready to go this way ok so we're waiting for at least 12 so
at least eight hours now after this canvas 48 hours later this market shows
me a nice strong red candle going south and now I now know that this markets
movie we've got a very comfortable distance from where prices here between
here and the EMA 50 we buy this time we now have a nice cross of the EMA 50 in
the EMA 200 so what I'm doing now is at the opening of the next candle and again
when I what I love to do as I said previously if there's going to be a week
and sometimes there is then what I do is I'd wait for price to pull up above my
ELO ma 6 line and then i'm taking entry and in this case we shorting the market
and you put in how many microloans many Lords standards you like now by the end of that for our candle i'm
sitting at about 40 clips in the money right here is where patience comes in
because at some point in time depending on where i would have got in this would
have still been a nice green candle i would be comfortably out of all right
this is where you've got to be very patient your analysis has to be spot-on we know that this market is
now still going to head south so what I'm doing is I take my entry and
then I sit there quietly okay in eight hours I am a hundred and thirty four pips in
the money right now understand that when the market is moving you're going to get
a number of candles like this one and like this one that's going to spike up
to the high because that's the the market makers they're doing scut
continual stop hats and the purpose behind that is to catch those people
that have very time stop losses ok in regards to stop loss what i would
do is after this movement here I probably look 4a an initial stop loss
just above this . okay i'm pretty much $PERCENT certain that the market is not
going to come anywhere up here because if you look closely that week from top
to bottom there is 200 pips right initially immunization we're going to
put a stop loss for 200 groups that's crazy it is initially i'm putting that
up there just in case alright but my ideal stop loss would be
somewhere p just above this candle and you can probably add 10 15 pics that if
you like alright in my style trading guys I don't
want to take any major risks right so that's why I limit my losses quite
significantly and in doing so it's my stop losses of just there just in case
you know worldly to get the head blown off or something and the market goes
nothing just spiked the hell it so in those instances my full account doesn't
you walk that when i'm taking my entries my entries are taken in line with a very
very solid criteria whereby I know this is going down I'm going to be the money
in this and it's just a matter of time something one of my close mate said that
David you know you are they said when he was training there's this feeling that
you had any pretty much just said you know when you take this straight you know it's going to win it's just a
matter of space and time I thought that was brilliant that's how I kind of feel when I'm
taking entries so I I would have stopped losses somewhere here but I don't want I
don't want to make sure that they're just they're against the a massive fails
they're fail that's going to happen so that's that's my belt but the overall
analysis should be so loud that I kind of know i'm not going to need it right
so the at some point here the markets going to be here if you wanted to take
your hundred thirty something pips and run fantastic but that the strategy that
I'm get this presently speaking about this is how it functions you've got you
entry your entries on there and you keep going on their trade until the market
bounces back and hits that ma 50 so the price comes anything to that email if
you write when it does we would have been 596 pips and the month you want
your trade duration would've been ok so that's the seventh or june and this
candle here comes in hits it is the 17th of june so it's a 10-day trade that is
the simplest longer-term strategy that you can apply to forex all right there
are as I said previously I had ma ate and am A five they're the traders that use that
strategy do exactly the same thing it's the EMA five is the faster EMA EMA is
this long one they will do their analysis around microcycle patterns
candlestick patterns they know the directional flow of the market and then
what they're doing is they're just waiting for a cross between the
difference of this is the m8 method am a 5-bit the market crosses they take an
entry pretty much on the cross which i think is risky i'd like to see you stop
and some way to get entry off the cross and then they'll keep
running that will keep that trade open until the 25 08 cross again ok that will give you a shorter-term
great and let's do this for example let me and that and show you what would look
like and so let's tell you I don't like it so it will do that to close up yep
believe that clause ok so that's the AMA five and we'll add
another one change the color of this two girls like blue so it stands out for the
army will make that eight and we'll put that open ok so what they would do in this case is
pretty much something similar i would leave my ma 15 200 there so you kind of
have a directional movement there they will possibly do i would wait for a move
like this could you kind of want your confirmation so I ok let's take this
example here or even this example here this is not a clear across but that can
go this this emails that come very close this is the big great red candle forces
the the market to push back down again and then take the entry on the next
candle and they'll keep trading that until the Mike Ross's again here so that
would be 4 8 12 16 20 24 28 to 36 44 create much 52 hours later it's a
roughly about two days and when the marker crosses again and that would be
five 357 kryptonite exactly same principles because it's so close i'm
kinda don't like it so much you can play around with it play around with it if you want you can
make this DNA eight bigger maybe utilize a team a 6 as the slower-moving a and
have maybe a 14 as this one here and just kind of trade the crosses what
you're looking for guys and if i can run through criteria again understand market
cycle understand the back of the train that direction understand that the the
positions where you want to take the the trade is at the top of these waves or
the bottom of these waves right you don't want to take it anywhere in
between taken at the top of the bottom look for the ema's to cross the best
ones for me over the longer term would be the a-15 200 but you can again
utilize the 614 or if you want to do what everyone else is doing you utilize
the 85 and trade them in in clear trends make sure you are looking for structural
patterns are you can against that adding harmonics to this as well look with stop
hunt so at the at the at the top of the waves of the bottom of the waves you're
looking for these nice long weeks that's to show you that's that's a sign from
the market mega to pretty much let you know we've done our business they were
going to hit in the opposite direction for a while if you see these nice big
star plants and test it go for the right after the high time frames what else was
there remain patient as much as possible the other thing you can do is if you see
market setting up like this you can always jump onto a lower time quick and
see if you can select a bit ly entry remember when I said panyu is the was
setting something up like this bounds here so if i would have taken my trade
the start of that so far not talking about 10 pips in the money eh so here's what i would do of that is I
jump onto a hourly chart ok so this is finished i jump quickly
onto an hourly chart to see what the market is doing ok so in this case we know that off the
alley child the microphone down trip right yet off this week kind of seeing
man this markets pushing back up again remember i said we're looking for now
this is possibly a head and shoulders pattern we're looking for a push down
again so i'm looking for signs of an ally check to say against Mike it's
ready to push down again same rules apply here's my email 50 maybe this is
going to be I stopped high somewhere at some point throughout you know we're in
the mid aged intention it's quarter past one in sydney right now so at some point
maybe in London like it's going to come down here you go back up spike too high we're looking for that wave see this
point here market goes up hits are higher and then a nice long candle
coming back down in the opposite direction remember I said you're looking
for a hit to the high again see this candle opens up IMA six would have been
hit here i'll be taking my entry i might have been out of the money for a brief
period for about 10 pips and then at the end of that our I finish of 17 pics of
the money next scandal comes down at some point during the New York session
price came down towards the email 200 and I could have exited that at about 66
pips in the month now you're looking for entries around your gma's this long
living ones and you want to have your exits you take profits literally where
every if you've got a set amount of people want to collect do that I try to
look for hits to say the email 200 if price comes back down and hits the a200
fantastic you can take profit that way if you are doing it off the 4-hour chart
you can pretty much and if you catch if you're able to catch these moves you
know this is the official low that's the official high if you're able to catch
the market here somewhere and you're still at the official low somewhere
close by you could write this damn thing all the
way up to this and where would that up there be I'd say you could ride it from this
point here so about you 7816 line okay and if you get that
that is 300 300 future three Clips how many days let's see from where are we
okay from the 17th of august to whether we get to here is the second all
remember all right what's that 15-8 think this something was like so you
could do that that's your longer-term traits okay is there anything that I've missed ok take notice of the highs and lows and
the train remember we said earlier if you can kind of figure out the trend
directional movement fantastic and the email 250 is going to help you with that elliott wave is going to help help you
with that the higher low sort of stuff take notice of that we were we this was
in here remember we said I was it that you do okay here remember here we said these
were higher laws think this week's to the high were creating higher lows at
the 17.6 like that to me says this market is ready to go ahead self again
so we're looking for entries straight after the these hits the high this one
here is lower than this one this is lower than this one this is lower than all of them these to
a lower that this one I would not suspect that this would go anywhere
higher than this paper does fantastic you know why if this comes in hits
somewhere above in issues us like the high we're waiting for a two-bar
confirmation which would be a red candle coming this way and then we take our
entry and that would go crazy South if you wanted to be safer let that go crazy
self and then once it bounces back again and then does the fall that's when you
take entry and keep going south and that will probably run 500 maybe five to
eight hundred pips might do it over a week I saw so do that now someone had asked me up just
going to run through a couple of questions that have come through how if
i was to trade this how often when I tried it I probably look for entries
maybe once a week and you can look at a number of currency pairs on like the
parent peers because they move more significantly because it's all about
connecting pics right to is that how many peeps would I collect depending on
the mood immunity from training on our challenge in miniature I am sometimes
inadequate market in 15-20 people 30 pips 50 pips max if I'm really
reasonably in the right frame of mind and the market on a 4-hour chart he is
setting up beautifully for me and I'm recorded at the like a home run cattle
going up or down I didn't run for awhile and i will
utilize this email 50ma 200 strategy the cross and then price coming back to hit
the mi 50 and then i will take my entry of a stop hunt followed by a two-bar
confirmation if I've got say a bit of a a candlestick pattern that i recognized
fantastic from that point i'll just wait for price to come back around so
something along a lot of these lines here wait for price to come back around two
and hit the gym a 50 again and that would happen in number of days i think
this was a two-day trade right and this there you go two to three hundred pips
have the money if I'm trading these pound peers there is correlation between
them so power in the deep and AD cream which will do exactly the same thing so
if I've analyzed my entries really well there then I could take the exact same
trade on both currency pairs which would result in double the amount so say for
instance i think it like a 500 pic trade on one other currency pairs and that
happen of four days you do two of them on you do one on youtube town UD and
county ND if you're looking about at about a thousand pit return in three or
four days ok that can make you a crapload of money ok guys are hooked this is answered some
of your questions or if i've done an amazing job confusing the hell out of
you if you've got questions in this regard posted under the comments section
and if i say i want to respond but this is by far the easiest strategy that I
have ever come across this is something i've personally traded over many years
and at the same time what I'd like to say is that this is going to be the
start of the series of videos to do with forex I don't keep saying that i'm going
to create videos about the the patterns of the structure itself there's about a
good 6 to 10 patterns that I would work with and recognized and all create
individual videos for them i will get around to them i just have been amazing
just been busy doing my own meditation and stuff like that so I just don't feel
like it alright guys so i will create something
along those lines but in the meantime all the best study this theory charts
until we going half blind but this does become easier and for those of you that
are trading medics or binary off of this as well you could take a longer-term
binary trades using the same principles at the same time you know for those of
you that do an end of day trading with binary you can actually do exactly
thinking for each other outside where around this way by what you're doing is
this actually how you can use the the Fibonacci for this as well we're by you
wait for actually you do this off for a leech at first you to analyze support
resistance what do you think that's gonna bounce off and then you jump on a
daily chart if it's not a downtrend if it's hitting off saying a 50 or
something along those lines and you'd wait for price to be slightly above and
if you know this is going to be a downtrend you wait for us to be slightly
above and then you take hit to the south right in these cases
here guys this is beautiful this is what we're looking for as well
wear this is a a cross with this behavior remembers very similar to what
we did off the for le charts where market the penetrates past 10-15
penetrates past IMA 200 then pushes back down again he is the wave we were
looking for so the wave comes back up its way we still want doing anything
here so we take a trade-off we wait for these weeks of the the height of
complete you could possibly take it entry off here or if you wanted to take
a later entry and how I would do it is say off here you'd be out-of-the-money
briefly here but with- trade and we want price to come back and hit the email 50
remember so the the market does its waves and stuff and it finally comes
back it's my email 50 I don't have any days out i am but that is 486 pips this
is right now the 27th of Jewish so we hit 400 and something tips of forgot
already liked it so that's a three month straight roughly 4 90 something ok so the three-month trade way too long
for me to be patient so for those of you guys that would love
to do that Fantastico going to do that you can also jump out of here your daily trades whenever you're happy
to look at this this is 930 poops in the money and this is roughly a week's worth
of trading ok very good i think that's it from me but may I apologize again for
the delay and creating this for you but I hope I've answered everything that you
have in mind all the best