In this part of the train series I'll be taking multiple trains on a moving chart.
This will give you an idea of the process and what to expect when tradings method long-term now I'm on your SD and I'm on the daily chart how this method can be applied to any market ok,
so to begin with.
Let's go forward a bit on the chant.
Ok? This market is testing this resistance zone area.
So, this is a good place to start.
This is an area where the market May resist,
so let's go to the 1 hour time frame and look for a potential barish opportunity in this area ok,
so I'm on the one out chart as you can see price pushed into this area push to the downside.
So now just waiting for a pullback.
Ok, the maccas.
Pull back,
and this is a great set up on the one out of time frame let me pull his own up.
Ok, so it's.
A sole trader and set the stop loss,
which is 50 pips and we'll set the risk,
which is no point for which is 2%
of a $10,000 account and will be Justin risk in every position based on account size case.
Let's place this order ok,
as you can see prices pulling back and once again another valid setup in this area can be close to eating a stop loss.
Ok? So now the markets move more than 40 pips.
Let's lock in five tips to do this.
I just pulled stop loss down to be on entry point locking fire pits a profit.
Ok? So now the markets move decent amount.
Let's go to the daily chart and said it take profit and I'm looking at this.
Yes, low area,
which is 272 pips.
This is a good place to set a take profit on this position is an opposing daily zone.
Ok, and we hit that long-term Target cells a nice move on that market entry on the 1 hour time frame and we hit that long-term Target that we placed on the daily chart.
OK let's go back to the 1 hour time frames to make sure there is no set up in that lower area,
which there is not.
Let's go back to the daily looking on the daily considers previous major low looking left back here.
Let me just draw that in as a potential support zone prices very close this area.
Let's go back to the one hour ok,
so price is near this area and now the market is giving a move to the up.
Let's wait and see if the Michael pull back in this will area and here we go.
He's a valid setup bullish price action in line with that previous low.
We pull this zone up like so ok,
so to recap price came into his lower area move to the upside and is now pull with bullish price action.
Let's place a buy stop order like so and we'll just a risk.
Let's just check the risk amount.
Ok? The risk amount is 0.44 place the 50 pips topless once again rinse,
and repeat and now it's place that order ok,
so now the markets move more than 40 pips.
Let's lock in five pits profit.
Same as the previous train prices getting very close to hitting a locked in trade.
Ok, but now the marks move to back to the upside.
Let's go back to the daily,
and we'll set a target now.
I could set the Target at this lower area,
but as you can see it's less than 200 pips.
So let's aim for this previous major.
Hi area like so and will modify that tried so we've set a target a move that previous major hi OK as you can see we just hit that target area that long-term tiger in which is that previous?
Hi area looking left and now the markets.
Is previous hi Aaron this is a great area on the market for a potential Parish opportunity in this area,
so let's go to 1 hour chart and look and see if there's a potential parish of Jeannie in this area ok,
so now that I'm back on the 1 hour time frame what I'm looking for years topping pattern.
So basically looking for price to come into this area move to the downside van pull back,
and then in that hi area.
Give barish price action ok surprises testing the zone and near price of breaking out of this area.
We didn't get a movement to the downside in order to look for a pullback and bearish opportunity.
Ok? So now let's go to the daily chart and look at this market on that time frame OK so you can see the price has broken out of this previous.
Hi area looking left,
so it's just go four-wheel a bit further and we form this recent.
How area on Liverpool back and now it's looking like this market is pulling back to that low area zone in here like so based off pin bar and also based off that previous solo area looking left.
So when price comes into his own area,
this area may act as strong support play.
Let's go to 1 hour chart and looking see a price action test this area ok,
so now I'm on the one-hour child protection is getting very close to tears area and agency.
Price has tested just above still got a bit of a bounce and now is pulled back and he is a great example of a bullish set up in this zone area.
He draws his own up like so and then we go back to the daily just to confirm that this price is this price pattern is in this daily area and has it.
He can see it is in that which area so just go back to the one-hour again.
Ok, so let's play Say by trade based off this single.
I just let me check the roof and the new risk is 0.51 let's set the stop loss 50 pips topless,
same as the previous trades.
OK let's lock it in lock in this train now the marks move more than 40 pips lock in 5 pips.
Same as the previous trades.
Ok, so so far prices move nice me to the upside down.
Just a recap price came into the zone.
Bit of a movie The Upside and it's retest this area Model X and this is a valid signal as well on it this market.
Let's go to the daily chart and we'll set a target and his previous.
Hi looks like a good Target just just above 200-206 pips.
Let's place that target on this try ok,
and as you can see we just hit that target,
and this is a resistance zonarius.
Let's play zone here at this high area as you can see it acted as resistance back here and resistance.
Just recently here.
Ok, so now it's go to the one at a time frame and look for a bear shaped uni in this area and be aware that this is an area of resistance on this market.
Let's go to 1 hour time frame ok,
so, I'm on the 1 hour time frame and prices already moved to the downside from this area,
so we just waiting for a pullback and bearers price action ok?
He's a great example,
so you can see price come into this area.
Move to the downside and now pull back and some berries price action is formed like so let's pull his own down like that.
So in other words.
This is a valid tradesetup on smart now before we take this setup.
Let's go to the daily just to confirm that this zone area,
and as you can see this is a resistance zone area back here and back here in the past.
Let's go back to the 10 case.
Let's play sell trade in this area.
Let me just check the risk and the new risk is 0.55 based on a downsize.
Ok, so once again.
Let's place a stop loss,
which is 50 pips so rinse and repeat and now it's place this order ok,
so now it's see how this trade plays out ok in this instance this trade.
End up being a losing trades,
so let's move a bit for further forward in this area just to see if I can see another setup and as you can see this market-produced a new high in this area.
So now let's wait and see price action will pull back into this area and barish evidence forms in this zone.
He's an example of a great setup in line with his previous.
Hi looking so now it's draw up this zone ok Siri play a cell trade-based of this single and let me just check the risk.
The risk is 54 0.4 based on a count size.
Amy set a 50 pitstop was like so telling me quickly.
Go back to the daily just to confirm Where Were trading and as you can see.
Is is a resistance zone area looking left area here and his previous a high looking their back here can't connect to the one hour and let's see how these trader plays out ok,
so we can lock in our trade.
Let's lock in 5 pips now ok?
And as you can see this trade.
Hit our locked in stop loss.
Ok, so let's look for another trade in this area ok?
He's another valid setup in this area,
which is in line with his previous.
Hi area looking left back here,
and this hi 2,
let's take another cell trade answer 250 pit.
Stop loss.
Let me just check the risk.
The risk is 54 still.
0.5 for place the order just check and make sure the stop loss is in the right spot like so then we go out 50 pips and skin very close to a stop loss is my end up being a losing train.
Ok, so let's lock in this trade now in 5 pips.
Ok that ended up heading our locked in stop loss.
This is actually another valid signal on this market.
You can see it in line with that previous.
Hi area back here,
and this one will sell it.
Take another cell trade on this mark in this area,
so I'm just placed this cell stop order the risk is limited check the risk.
The risk is still 0.54 let me play say 50.
Pitstop was ok,
so let's look in this train looking 5 pips like so and if the market breaks below this recent lower area looking left,
then I will set a target ok so as you can see the market is just breaking below that previous lives.
Let's go to the daily chart and set a target in case I'm on the daily chart and what I do,
as I said at Target at this recent lower area on this market,
which is also in line with that previous major low looking left as well back here.
Ok, so let's go back to the 1-hour who can Target now and we're just hit that long-term Target OK let's go back to the daily and make sure this is a support zone area on this markets.
Let's just confirm that ok,
so I'm back on the daily as you can see it.
Is this previous lower area,
and this low back here,
as well.
So great area to look for a potential bullish opportunity in this area.
Let's go back to the one hour and what is moved forward now,
ok? Surprise me blower price action was mostly sideways here.
So still waiting for a pen ok surprise stunner move to the App Store price action hip rotation pulls back now.
He's a great example of a valid.
Set up.
Let me just get rid of this zone.
And I'll go back to the daily just to confirm that this is still in that daily area ok?
And as you can see prices still in this lower area look slimmer.
Just draw the zone up like so sweet includes.
All that low area,
and this low back here.
Actually. I'll just draw down the slope it to Prices testing deep in that area,
but it's still in that supports.
Only around the 1 hour how to draw this down slowly on here as well.
So so,
let's now take a by train to play some by stop order.
Let me just check the risk.
The new risk is 0.6 are ok,
so let me set the stop loss 50 pips.
Like so let me place that order now and I'll just confirm that stop loss.
Ok, so let's lock in this trade now lock in 5 pips.
Just confirming that that move more than 40 pips.
Yes, it did ok that hit a locked in stop off at train to just waiting for market to pull back a little bit into this lower area,
and I'll look for another opportunity.
This is actually a valid set up on this market Helen just waiting for a bit of a deeper pull back into this lower area,
and as you can see price action is in line with his.
Is low now OK let's go forward a bit on the chart ok as can be seen on the chart price action is breaking out of this area.
Let's go to the daily ok on daily.
Can see price is breaking out of that lower house to let me draw this zone down and the market May support at this higher area looking left.
So in a moment will go in the 1 hour time frame and will look for a bullish opportunity if the market test that zone that is Drew at that previous hire around if the market moves the downside little bit further.
The account is now at $15,090.32.
OK let's go back to the one hour and will look for a bullish opportunity in this area if the market comes down to this level ok,
so price action is just tested in this area,
so see how the price action forms price action is sideways,
so just looking for price action to move to the upside in this area,
so let's go forward now.
Just a little bit further.
Ok price action has just moved to the upside and is now pull back and got that nice bullish price action and in this case of this signal this is a bullish p
Ok, so let's play Say by trade order and let me just check the risk.
The risk is still 0.6.
Let me play se50p stop-loss like so place that order.
OK let's quickly.
Go back to the daily to confirm.
The price is in this zone area that previous.
Hi area,
which it is.
OK let's go forward now.
Ok getting very close to a stop.
Loss. Ok that end up being a losing tried.
So overall great setup how the this setup.
Just didn't work out in this case.
Let's go back to the daily and looking at the daily.
It looks like this market may be breaking out how it could just be testing deep in this area.
Let's go forward a couple of candles.
Yeah, it still looks like price action.
Maybe just testing deep in this area.
How about I just wait a couple more candles.
Ok, and your prices come up to this lower area on this market.
So when area that may act as resistance.
Let's draw that low area in so let me grab the line tool and draw that in like so,
so this is an area that has acted as support multiple times in the past.
So expecting that may act as resistance on this test,
so let's go to the 1 hour time frame and look for a potential Barrett of Jeannie in this area.
OK let's go to the 1 hour time frame.
Ok, so now they're back on the 1 hour time frame,
which is go forward,
and he's an example of a good setup price came into his own.
Moved to the downside and now is pulled back and his embarassed price action,
so let me just pull up his own to this high and in a moment will take as sole trade-based of the setup.
Have it.
Let's go to the daily first to confirm the price is in this low area looking left,
and as you can see it is this low and this low looking left back here testing in this area.
So now let's go back to the one hour and will place a sell trade based of this signal so festival let me check the risk and risk is 0.59 and will place a 50 pips stop loss on this tribe.
Same as the previous trains like so.
Will enter this position ok.
Saw in this trade now.
Let's go forward a few more candles.
Ok, so let's lock in this trade lock in 5 pips.
Ok that ended up hitting our locked in stop loss on that position,
so let's go a little bit more for the Ford actually looks like price action is breaking out of this area,
so, let's go back to the daily.
And yeah,
it looks like price action is breaking out of this area.
So what ill do is I'll pull down this zone.
Just a little bit like so ok that recent candle.
Just confirmed that break out.
So now price action pulls back to the zone area.
This is once again.
Be get grey area on smart to look for a bullish opportunity in.
Area so now let's go back to the 1 hour chat and look and see if price action will move back into this area,
which is previous.
Lower area looking left.
Ok? Let's go back to the one hour ok,
so I'm on the 1 hour time frame,
so I went to see price will pull back in to Zone as you can see the testing this area now.
Let's go back to the daily.
It is testing at quad deeply.
So was make sure it's in that zone area.
Yeah, as you can see price is testing deep in this area as can be seen by this is low back here.
So still a valid area on this market to look for a potential bullish opportunity in this area.
Let's go back to the 1 hour time frame how before I do what I do,
as I just quickly drawdown design likes on anyway.
Let's go back to the zone on the one hour and look for a potential bush opportunity in this area.
Ok surprised the testing in his own OK we got some bullies price action in this area and price is moving to the upside slightly so far passageways to see the price action will pull back ok?
He's about set up on this market as you can see price came in design move to the upside and put back and a little bit of bush price,
action here in line with that previous low looking left back here,
as well.
Let's go to the daily just to confirm that price is in that area of support and then you can see it's testing deep in that lower area,
so, it's still a valid area to look for a bullish opportunity on this market.
Let's go back to the one hour.
Ok, so now I'm back on the one-hour.
Let's play Say by stop order 50 picture risk work,
so let me just check the risk Mount ok the risk is still 0.59.
Replace this order please check the stopwatch metres in the right spot.
Ok, so we can lock in this trade now block in 5 pips Winston repeat.
OK the markets moving nicely to the up sword and now the markets moved a decent amount in our favour.
Let's go to the daily chart and set a take profit.
OK I'm on the daily chance to let me go to modify order and I'll set it take profit in this high area.
Just trying clued these previous weeks here on these previous test highest likes are OK this is a good spot to include this week high here this week.
I'm here and this high on this market ok,
so, let's go forward.
Ok that trade in dipping.
A winning trades so great train entry taken on the one out child and using the daily chart for targeting once again and another great example of a long-term move between a daily zone and another Daleys on OK what are now do is drawdown this resistance.
Zone area slowly based off that recent week.
Hi include that recent week.
High as a beginning of the so,
she little bit hard that like so ok now.
Let's go back to 1 hour time frame.
Ok, so now I'm back on the 1 hour time frame.
Let's go forward a bit.
And if you look left,
you can see that recent bearers price action back here.
Just check the size of that berries price action looks a little bit too big to me.
Yeah, that's no single that I would look to take cuz just so large how that you priced pulls back.
We just waiting to set price of
Into that hi area and if it does then we can look for a beer shop genie in that hi area,
so, let's just keep going forward until this market test as own such as up here.
Ok, so now we're getting in that area where we want to look for a barrister pattern and looks like market is forming a test high pattern here,
so I went for a bit of a decline in the market has plundered acorn now.
Just want to see the market pull back into that.
Hi there.
It's moving to the downside now,
so let's be patient.
Just waiting for Mum to pull back into this area.
Ok, that's valid price action pro setup have will wait for a bit of a deeper pull back this price station.
In line with that previous.
Hi area looking left.
You can see back here.
Let's quickly.
Go back to the daily.
Just to make sure price is still in that resistance.
Zone area as you can see.
It's in that.
Hi area looking left on this market,
so it is ok,
so now I'm back on the 1 hour time frame.
Let's take a soul tried,
so I let me play soul stop water like,
so ill.
Just check the risk.
The risk is 0.65 based on a count size now replace a 50 pitstop like so and places order.
Ok, so just placed at let me check the stock loss.
Yep. It is 50 pips.
Ok, and we can lock in.
This try let's lock in 5 pips ok in the market end up pulling back and hitting hourly.
Stop loss on that tried to it's go forward.
This is another valid set up on this market in line with that previous high area place a Sol stop order again and let me just check the risk.
Make sure it hasn't changed from 0.65 now.
It's still 0.65 and let's set the stop loss as well.
50 pips once again there we go place that order ok,
so now it's lock in this trade locking 5 pips.
Ok soon now.
This trays moved a decent amount of chips in our favour.
Let's go to the daily chart and said it take profit.
Ok, someone the daily in this previously.
Area is standing out to me,
so let's set a Target at that lower area,
so just a little bit higher.
This looks like a good spot like so ok?
Let's set that target,
and move price forward little bit.
Ok, and we hit that Target overall.
Nice trade and a nice move from one daily zone to another daily zone now,
let me just do a quick adjustment of the zone areas based off that recent price action first of all.
I'll delete this zone area,
then I pull up the zone slightly to include that recent price action that previous low looking left back here and this previous.
Hi area.
This will give an area of support so we can go back to the 1 hour time frame and look for a bush opportunity ear price.
I can comes into this area ok,
so I'm
On the one hour this the lower area referring to let me quickly go back to the daily to show this lower area on the daily as well right here agency.
Price actions coming very close to pull back into this area ok,
so I'm back on the 1 hour time frame and waiting to see a price action will test that zone area,
and it will look left.
You can see the price.
I can test this area back there.
This is I am referring to ok surprise action has just tested this area,
so now we get a price action move to the upside and pull back and bush protection that recent price action.
Low is actually a valid set up where we could have considered a by opportunity this lime referring to how well wait for another retest and he's another great setup in line with that previous lower area.
Let's take this price action than just just his own like so let's place a bicycle.
Order 50 pips topless like so ill.
Let me just check the unit risk amount based on a council.
Do unit.
Risk amount is 0.72 based on a council is now.
Ok, so,
let's see this trade plays out.
Ok that trade in dumping a losing tried.
K that happens nice-looking set up,
but it just didn't work out ok now.
Let's go back to the daily chart and have a look at the price action ok so base of his previous low.
This market is still in the support don't area.
So let me just draw this zone down.
This still a great area on this Mark to look for a potential bullish opportunity in this area,
so let's go back to the 1 hour time frame.
Ok, so now them on the one out of time frame and as you can see price is testing this zone area.
Let's go forward OK so you can see price action is moved to the up sword answer now.
Just waiting for a pullback and bush price action ok,
and he's a bullish pin bar in line with his previous.
Allo area answer valid centre in this zone area price came into his own move to the upside pull back and a bullish pin are formed in line with a previous Allo looking left back here,
and while this low is Lil Bit lower than the price action low that we're looking at it still in that area support,
so let's take a buy trade.
Let me just check the risk.
The risk is no point 70 based on account size.
Ok, so upset the stop laws changes places.
Tried. Let's go forward ok Sue now.
This trade is more than 40 pips profit.
Let's
Lock in 5 pips with a stop loss,
and that's one of the benefits of locking in your trade is that it removes a lot of that emotional attachment to the tried.
OK let's go to the daily chart now and said it take profit on this position.
Ok? Let me sit a profit on this position.
This looks like a good spot to said it take profit.
So let me to set that which is previous high.
And low and high area.
Just brought up to slightly in OK let's go back to the 1 hour time frame ok?
It's looking like price action make pull back and hit a locked in stop was ok.
Just did that happen.
Sometimes nice setup.
We did get a nice move initially,
but then the market pull back and hit our locked in stop.
OK let's go forward,
and this is actually valid price action.
In this lower area,
how was just waiting for price Nepal back a little bit further,
so unfortunately it did give a nice move,
but I didn't take that tried.
Ok, so,
let's see if the Michael pull back and read.
This zone area is getting very close.
Ok, so we are retesting this known area gehen now.
So now let's look for a price to the upside and then pull back and bleach price action.
Ok? Here.
We go is a great-looking setup postgame InDesign move to the upside and now has pulled back and bush price action is Bored let's play a by stop order.
The risk is now 0.71 replace a 50 stop loss like so and places order.
Ok, so the prices move more than 40 pixel x lock in this train.
5 pips.
Ok, and the market move back and hit our locked in stop loss on this position Casey let's go forward a bit more super get pulled back into that.
Lower area and more bullish price action actually,
this is a valid.
Bit of price action here on a retest of the zone.
So let's place a by stop order like so let me just check the risk.
Ok? The risk is still 10.71.
Let me set the stop.
Loss 50 pips likes her only place this order ok that trade in dop hitting a stop off.
So that was a losing train.
Let's go forward a bit.
Ok, so let's see how this price action progresses as we go for this is mostly sideways here.
We are getting a little bit of bottom patterning formation here.
Let's go to the daily chart and looking make sure this is still in that supports own area and let me drawdown this zone a little bit to his previous lower area a deeper point of this lower actually pull it down even further likes are so wait and see price will move a bit deeper to the dance sword and it will look for a bullish opportunity on this market.
Ok, sweet testing that area now and price has given it a small movie The Upside and I was pulling back ok,
so it can see it's looking like the bulls are trying to defend this zone.
That's actually.
Signal right there that bullish candle to left and he's another nice signal on a pullback and test his own.
Let's take this single,
so let's play Say by stop order 50 pips top off let me check the risk amount griscom out now.
Cheers, 0.69 me places order ok,
let me just make sure there's stop loss is in the right spot.
Yes, it is case.
Let's go forward.
Ok, so that end up being a losing trade.
Let's go back to the daily chart.
Just make sure that price action is still in this daily support zone area as as you can see looking left it still just in the deli supports on area.
Ok, so now I'm back on the 1 hour time frame.
Just looking for patterning in this area ok,
and as you can see we got this night.
English movie The Upside here so on a pullback.
Yeah, he's a great looking set up let me just pull the zone line down like so and go back to the daily to make sure this is in that lower area.
Yes, it is so this market is still in that supports own area still a great area to look for a bullish opportunity on this market.
Let's go back to the 1 hour time and place a buy stop order ok,
let me just check the risk and see if that's changed.
Yes, it has it's changed now to milk 168 Amy place the 50 stop lawns and place the order.
Just checking that stop loss making sure it's a 50 pips.
Yes, it is ok.
Lock in this trade.
It's lock in 5 pips.
Same as previous trades.
Ok, so now the max move decent amount in this trades favour.
Let me go to the daily chart and said it take profit on this position,
so let me go to modify order and I'll set the take profit at this high and low area this looks like a good spot to set the take profit,
and I will move it up to slide bit more like so ok?
I'll go a few candles forward on the daily that came very close to fitting a locked in stock loss and now go back to the 1 hour time frame and I will go forward on this time frame all get
Very close to our target.
Our long-term Target that we said just before and there we go.
We had our long-term Target and Kmart very close to hitting it on that pin bar and let me hit it on this recent price action ok?
Let me quickly go to the daily.
I just want a price to just test a little bit high before looking for a barish opportunity.
How about that was a valid area where we talk and so far the maccas.
Be moving to the downside,
but he's marking.
May we test is lower area.
We just saw that up slightly like so which is previous low here,
and this low looking left the criteria to look for a bullish opportunity on this market ok,
so, I'm back on the 1 hour time frame.
This is zone.
I'm referring to if the market comes into this area.
This would be great to look for a bullish opportunity and that brings me to the important point that it's in if then process if the market test a daily area.
Then the right sort of pattern forms on the 1 hour time frame in the case of this training.
So if it is a support zone area Test Zone area small to medium priced move to the upside then pull back into that low area and then aligning bullish price action and important to note as well that price action doesn't have to pull back fully to that low area so not a full double bottom type pattern.
Just pulled back into that area.
Ok, and your project is getting very close this area.
We are getting a bit of a small price move to the up sword and now price actions pulling back.
He's a nice signal now.
If you can see past coming.
This area kerb small room the upside and has pulled back with a line bullish price action.
Let's just quickly go back to the daily just to confirm that this isn't that supports zone area still and yes it is you can see that low and this low looking left on this Mark
So a valid setup let's play Say by stop based off the single let me to check the risk.
The risk is 0.75 replace the stop loss 50 Pit Stop loss.
The account is now at $18,909.38 so we get nearly doubled this trading account now.
It's place this order ok,
so now the trays move more than 40 pips in our favourite.
Let's lock in 5 pips like so ok and pricing.
Stop hitting our locked in stop loss with that.
Tried. Let's go Ford OK this is actually another valid signal on a retest of the zone.
The previous trade locked in stock for Scott hit and now the markets pulled back and is getting another Bull shop at uni in this area.
Let me once again.
Play Say by stop order the risk is still 0.75.
Let me Place stop loss stop loss is 50 pips.
Ok? That is now placed let me just quickly check the risk and confirm.
It's 0.75 just confirming once again.
Ok? Yes,
it is 0.74 place that order OK let's lock in this train login 5 pips.
Ok that ended up hitting the hour locked in stop loss.
Ok? So just waiting now to see it price action will pull back into this low area to look for another bullish opportunity in this area.
However, let me quickly go back to the daily charts to confirm.
The price is still in this supports own area,
and as you can see your
Is OK let's go back to the one at a time frame ok?
So now prices pull back into this area?
Let's look for Bush price action is a great looking setup in line with this previous.
Lower area looking left such as back here and back here.
Let's draw the zone up like so and place a bison.
You said A50 Pit Stop loss,
and the risk amount is still 0.75.
Ok, let me place this order and in the case of this setup.
This is a bullish Dodie let me look in 5 pips at the markets moved more than 40 pips in this trades favour.
Ok, let me go to the daily chart and said it take profit on this position.
Ok, so now they're back on the daily.
Let me set a target.
This hi area looks like a good area to set a target like so ok.
This looks like a spot.
Let me modify this order for the take profit is set go back to the one-hour Pembury close.
Just in that recent price action there ok,
and we hit that long-term Target so great trade,
and this is actually a great area to look for a better opportunity was going back to the daily to confirm this resistance zonaria.
Yes, we have his hi here and this high here looking left so let's draw in this zone like so and you can also see this a low area.
Can you let back here as well,
so we got more lows and Highs confirming?
This is a great area on this market to look for a potential Barrett uni in this area.
Let's go back to your timeframe Andrew Ford and as you can see price action is just starting to test this area,
so when to see if the pan will form ok,
so we have got a price move to the downside so now just waiting for a pull back in to this high area cases getting close to see a pullback a little bit further into this hi area,
so it's not a bit patient this is close as well,
and this is very closest well.
Ok is what I'm looking for.
This is actually a valid signal as well,
but agency price and break below the low of that thing and his pinbar.
Here is in.
Is previous hi looking left ok,
let me place a cell stop order 50 pips risk and check the unit.
Do you not risk amount is based off account size and the account is actually more than $20,000 now.
Do you risk amount is 0.8 to replace this order form is check the stop off and make sure it's in the right sport.
OK let's lock in this trade now.
It's locking 5 pips,
so essentially what we're doing is looking for pullbacks in to a high area or a low area and aligning price action and a pullback as close to the initial high or pull back as close to the initial low is preferred.
OK let's go forward if you candles and it prices.
A bit lower.
I'll go to the daily chant.
OK let's go to the daily chart and set a take profit on this position ok soon.
Now. I'm on the daily chart.
Let me modify this position and said it take profit.
This lower area looks like a good spot to set a take profit.
So I was at a profit here.
Let me modify this order now.
I'll go back to the 1 hour time frame and I'll go forward a bit on at this time frame ok,
so, it looks like the market is pulling back and may hit our locked in stop loss.
Let's go to the daily chart.
Oh and yeah as you can see hit a locked in stop loss.
Ok? Let me quickly go back to the one hour.
Just looking at price action.
Ok? Ill go back to the daily now go back to
Again and agency pricing group closer testing this resistance.
Zone area here.
Are we are getting a high here looking to the daily.
Yeah looks like price actions breaking out of this area.
Let me just draw the zone Downs to slight bit like so to line up all these Highs potentially now Mark comes down to this area this area may act as support.
Let's now go to the 1 hour time frame and see if price action test is area as you can see we had gone initial test of the zone area looking left back here,
and their projections pulling back.
This is what we're looking for bullies price action in line with that previous follow.
This is the low I'm referring.
I'm just adjust the zone.
Put it I think I'm moving back down actually likes Kailis play Say by stop order and I will set the stop loss.
The market is actually really volatile at the moment.
What that means is that the stop loss is very close to the entry price and increases the chance of losing trade.
Let me just check the risk amount risk amount is 0.82.
I'm just make sure it's in the right spot like so many places order me.
Just check quickly this Stop loans.
Yep, that's right.
Ok that ended up being are losing.
Tried. OK let's go forward a few candles.
Actually. Let's go to the daily and look at the price action on daily.
Price action is looking like it's breaking out of this area on daily,
so let's wait a few candles actually looks like price action make pull back to this potential support area.
I'm just draw down his own like so ill go back to the one hour and looking see a price action will come into that area.
This is the area.
I'm referring to ok protection has just tested this area and is now moving to the up solid,
so we got that first check with go back to the daily chart just to make sure the price action is in this area and yes price action is in this area.
Let's now go back to the one hour and movie.
Forward on the one hour chart ok,
so far price action is means the upside is now pulling back from this previously low side to pull back a little bit further.
Very close.
Actually. That is a valid set up.
How about was just looking for a deeper pull back in this area.
Ok, let me go back to the daily.
OK just waiting for my section to pull back and test this area let me go forward a bit.
Ok price action is testing deep in this area now actually,
let me go back to the daily now the markets tested deeply in this area.
Let me just drawdown this zone like so to include this previous High
Hi this is low and this low area looking left.
Let me go back to the 1 hour time frame.
Ok, so now I'm on the 1 hour time frame.
We can already see the price action is moving to the upside from this area.
Just waiting for price action to pull back.
It looks like it may be pulling back now.
I'm just drawdowns zone like so that's interesting looking price action.
OK this is a great signal agency price action catering design prize me to the upside and now put back and formed a bush pin bar in this area and going back to daily.
You can see the price action is it in this high low and low area looking left overall a great area on this market to take a by opportunity ok,
so now I'm back on the 1 hour time frame.
Let me place a by stop order based off this.
In the zone area,
like so let me check the risk amount the unit risk amount unit.
Risk amount is 0.8.
Oh yummy place the stop loss like so many places order and let's go forward.
OK let's lock in this trade.
It's locking for pips.
Ok? I looked in stop-loss got hit on this position,
and where are locked in stop-loss got hit is actually a valid signal.
Have I'm just waiting for a deep back into this area.
Ok looks like price action is pulling back into this lower again as you can see they got this higher lower area back here,
which is an area on smarket where I would be looking for aligning bullish price action and just confirming on the daily chart that price is in that area support.
OK just waiting for price action to pull back.
Just a little bit deeper.
This price action is exactly what I'm looking for a bullish engulfing in line with his previous.
Lower area looking left.
Let me drive zone like so zoom out so you can see the price action is in that lower area let me zoom back in let me play Say by stop order.
Just above this bullish engulfing signal let me just check the risk the risk amount is not.
81 and let me set up 50 pips stop loss like so anlami place that order ok?
Ill. Just check the stop loss k let's lock in this trade login 5 pips ok prices move decently in our favour.
If the market comes back up to this high area.
I will go to the daily chart answered a Target on this position.
OK let's go to the daily time frame and set a target.
Ok, so now I'm on the daily.
I'll go to Spotify order and set a Target on this position.
The first will let me go to modify order and I'll set a Target at this previous.
Hi area looking.
Like so ok.
So now I will go back to the 1 hour time frame and we'll see if this trade gets to that long-term Target so far.
Price is getting close all very close file that we go.
We hit that long-term Target so overall a great trade hitting that long-term Target the we just said on that position now price action is within this resistance.
Zone area how they would like to see a bit of a move higher before looking for a better opportunity Helga I'll go back to the 1 hour time frame and look at the price action price action is now giving a move to the downside and that would have been a valid setup.
In fact.
Have I was just waiting for a deeper test high test in this zone area what I do is go forward a couple of candles.
As well as looking for price is now testing deeply in this resistance zone area as you can see looking left.
Great area to look for Berry shop tuning in this area ok now go back to the 1 hour time frame and look at the price action.
Ok, so now I'm back on the whatever time frame.
You can already see that price action is declining after that test on this area to the downside.
So if the market pulls back and berries price action forms,
this is a great set up in line with his previous high-priced tested this area move to the downside pull back and a barrister golf informed in this high area,
let me pull up zone like so now let me go back to the daily chart just to confirm that this setup is in a resistance zone around let me zoom out and see his previous.
Hi here and this high area here and this week high area here,
so confirmed.
Set up isn't a great area on this market ok now?
I'm back on the 1 hour time frame.
I'll place a cell stop order set a stop loss.
The account is now $21,897.25.
Let me just check the unit risk amount the unit risk amount is now 0.87 ok?
So, it's place is trying ok?
So now that the trays more than 40 pips and profit.
Let's lock in this train lock-in 5pf price that removes a little bit lower.
I will go to the daily chart and set a target.
OK let's go to the daily chart answered it on this position.
Let's modify this order this low area is a great area to set a Target on this know and I'll set the target 270 pips.
And the reason for setting my Target here is because of this low this low this high this high area and is low area looking left.
Ok? Let's go back to the futon frame ok,
Sydney a little on the 1 hour time frame,
which is go forward bit.
Ok? We're getting very close to the time.
Ok? We hit the target.
Overall great trade,
and then it's most getting very close to read testing.
This book trading area.
Let's go back to the daily and confirm this area on the daily chant ok,
so now that I'm on the daily can see this previous low looking left this recently this high this high this high-end.
This lower area confirming this area as a valid trading area on this market.
Let's now go back to the 1 hour time frame and move.
Emergency price action is testing is area now,
so waiting to see if the pattern forms ok.
So as you can see price action has given a bit of a small move the upside so far in this area.
So now just waiting to see if price action will pull back and beliefs price action will form in this lower area ok,
and he's a great signal a bullish pindar formed in this low area as you can see price station came into this area gave a small me to the upside and now pull back and this Buller she has formed.
Let's play Say by stop water based off the signal set a 50 Pit Stop loss like so let me just check the unit the new risk amount is 0.96 let me just said that and place the order.
Ok, let me just check the stop loss and make sure it's a 50 pips.
OK let's go forward.
OK let's lock in this trade now.
This trade is more than 40 pips profit login 5 pips All This Mayhem very close to hitting a locked in stop loss back here.
OK let's go to the daily now now the market to move a decent amount in our favour and set a target.
Ok, so I'm on the daily chart me modify this order and I'll set a Target at this daily high area like so.
And if resume out you can see this hi area where I set the target,
Miss daily hi area zoom,
and I actually place this time.
Just a little bit higher like so ok now.
Let's go back to the 1 hour time frame and move forward on the chart ok that you can see price action is pulling back and hit our opt-in stop loss.
Ok? This is actually another balance signal in line with his previous flow area looking left.
Let's draw this zone up.
Just a little bit like so and play some by stop order based off the single and in the case of this signal.
This is a bullish pin bar let me just check the unit risk amount due unit risk amount is
0.97 let me play say 50 pips stop loss like so just confirming the unit risk amount.
OK let's place this order let me just quickly check the stop loss and make sure that 50 pips.
Yes, it is.
OK let's lock in this trade lock in 5 pips there.
We go out looks like the market maple back and hit our locked in stop was ok came close,
but now price action is moving again.
OK let's go to the daily chart answered at Target on this position and similar to.
Rabies tried let's set a Target at this daily high on this market.
And as you can see the target is in line with his previous.
Hi looking left.
Let's go back to the 1 hour time frame.
Ok? Price is looking like it's standard pull back,
and it may hit our locked in stop loss.
Ok? Yes locked in stop-loss.
Got hit on that position.
Let's look for another set up in this area.
Ok, that's actually valid price.
Ok? The marks.
Actually move the upside from that area as well.
If the market retest that low area or a little bit deeper and bush prices.
Then I'll take another bullish opportunity in this area is going to the daily chart just to confirm this area as you can see.
It's is low and high area looking left so confirmed a great area ons market Stilton for bullish opportunity in this area go back to the one out of time frame.
This is a great signal on this market in line with his previous.
Lower area looking left.
Let me just drop zone like so and in the case of this single.
This is a bullish charging in line with this previously lower area being left.
Let me just go to the daily chart now and just confirm that this market is still in this daily support sonaria.
Yes, it is as me seeing was low and high area looking left and lower back here.
OK let's go back to the 1 hour time frame and I'll place by supporter based off this single.
Play say 50 pitstop lawns and I'll check the unit risk amount due unit risk amount Facebook account.
Size is still 0.97 let me place this order wow.
That was a strong movie.
The Upside let's now go to the daily chart and we'll set a Target on this position.
Ok? This looks like a good area to set a tapepro.
Ok. Let me set that now and where are set is at that important daily.
Hi area such as this this hi Andy presume out and see this high back here and this high back here.
OK let's go back to the 1 hour time from now and see a price hits out.
Target
Ok surprises pulling back.
Oh and I just realised I haven't logged in as stop loss yet immi login fire pits now.
I should lock that in before seeing the target in their prize action is getting very close to hitting a locked in stop.
Loss. Looks good.
Maybe hit price action came very close to getting a stop loss here,
and it came very close to getting our stop loss here,
as well.
Ok, I was doing now just so we can see a little bit more of the price action ok,
as you can see price action is getting close to our long-term Target that we sat on the daily chart scales go for a little bit more.
Very close again.
Almost heading our target.
Let's go back to the daily quickly.
Just to confirm once again that were in this area.
Yes getting very close.
Let's go back to the 1 hour time frame.
Ok price action hit a long-term Target
So a great trade a trade taken from one daily zone entry taken on.
The one hour all the way to the opposing daily zone and a very profitable tried.
Ok, that's actually the last trade.
I'll be taking in this training series showing the process in action.
However before we look at the stats,
and the history role do is or go to the daily chart to show you what I be looking at next if I was taking another try and that is looking for a bear shaped uni in this high area,
of course,
depending on how the price action forms in this area and a potential move the downside from this zone.
OK let's go to look at the stats in the history.
OK let's go pull this area up like so and I'll go to account history.
I'm actually pull this area below in more so we can see it all.
Just a little bit more like so you can see you can see the 30 traits.
That was taken majority of the trades that were taken we're profitable trades some of which were 5 Pip locked in trains,
which we left him with the stop.
Loss and some of which were tried to hit a long-term Target as philosophers.
I took six losses in total.
Add initially we started with the $10,000 trading,
and we build the account to 26825 dollars and $0.35 so we more than doubled the trading account,
and we more than double the trading account in less than a years were the trading as well.
And if you look down here,
you can see the 26825 dollars and 35 cents that I'm referring to ok.
That's enough looking at the history.
Let's now go have a look at the statistics.
Ok? So take the moment just to look at these stats here.
You can see the days processed.
You can see the max profit-trade.
You can see the prophet.
Probability and in the case of the amount of Tracy we talk.
We had a profit.
Probability of 80%
This is actually higher than expected.
And if I took more trades,
so I lodge a batch such as 200 trades 300 trades or trader this method.
Multiple years and I'll show you the statistics in a moment of the probability when trading is method long-term over 17 years,
and it's average probability depending on the market.
Your training is 66%
when training Smith and long term,
of course be aware that the prophet probability is based off trades that had made it to the long-term Target as well.
As trades that have been locked in and prices come back and hit a locked in stop loss ok now.
They've gone over the history and the statistics.
Let's now go and compare the stats to when I traded this method long-term over 17 years in this trading simulator.
Play here with the stats when I tried this method long-term over 17 years from 2001 all the way to mid 2018.
And if you look down here in the prophet probability section,
you can see the long-term profitability is 66%
and the long-term loss probability is 34%
This is based off me training through all conditions including extra volatile market conditions in other words includes me trading through times where Traders would normally avoid trading and the reason I did this is because I wanted to try this method through all types of market conditions.
No matter what.
They were OK well,
that's it for this video part.
Thanks for watching and I'll see you in the next video.
Bye for now.