00:00:02
somebody's about to punch punch the air
00:00:03
oh you son of a [ __ ] I was trying to
00:00:05
fade IC [ __ ] him he's a fraud I can't
00:00:08
show the video now it failed on
00:00:10
me [ __ ]
00:00:13
you [ __ ] you very
00:00:15
[Laughter]
00:00:17
much give me some more I see I'm here
00:00:20
all week baby tip your bartender tip
00:00:22
your [ __ ] bartender who's doing it
00:00:24
like this Patrick come on baby
00:00:30
get the [ __ ] out of here does this
00:00:32
person sound like a professional Gambler
00:00:35
or does he sound like a total degenerate
00:00:38
who is excited about his call playing
00:00:41
out a professional Gambler is someone
00:00:44
who has complete control over the time
00:00:47
money and energy they spend on gambling
00:00:51
they are seen to be more skilled at
00:00:53
gambling than other gamblers and are
00:00:56
considered at a low risk for addiction I
00:00:59
don't know about you but ICT doesn't
00:01:02
strike me as a professional Gambler he
00:01:06
strikes me more as a emotional
00:01:09
degenerate that finally got a winning
00:01:12
trait after losing multiple times and I
00:01:16
believe that I is slowly going insane
00:01:19
with each year passing by where he
00:01:22
promises to win Robin's cup but never
00:01:25
does and I put out this uh amazing tweet
00:01:29
uh recently ly on my Twitter if you are
00:01:32
trying to explain every single pivot in
00:01:35
the market you are going to go insane
00:01:38
focus on taking a piece of the market
00:01:41
and go touch some grass which is I
00:01:45
believe the best trading advice that
00:01:47
anybody can give you in instead of
00:01:50
trying to figure it out every single
00:01:52
move in the market and most Traders
00:01:55
intuitively know this but yet most of
00:01:58
them fall in to the Trap trying to
00:02:01
predict every single move in the market
00:02:04
and it just not possible here I will let
00:02:07
you watch the OG Mark Douglas is so that
00:02:11
you understand with with no uncertain
00:02:13
terms that there are there a whole
00:02:16
category of Traders out there people out
00:02:19
there Traders people who have both the
00:02:22
financial and the Psychological
00:02:23
Resources the bid markets up and offer
00:02:25
them lower and what's the point that I'm
00:02:27
making the point that I'm making is that
00:02:29
any particular
00:02:30
technical methodology that you use to
00:02:33
determine a pattern is present that
00:02:36
gives you a higher probability of one
00:02:37
thing happening over another until you
00:02:39
can get into the minds of the people who
00:02:41
actually move prices you will never know
00:02:43
for sure what's going to happen next the
00:02:46
only people that know for sure are the
00:02:47
people who are willing to do
00:02:49
it and that's what you got to you got to
00:02:52
burn that in your
00:02:53
brain you will never know for sure
00:02:56
what's going to happen
00:02:58
next unless you can read the minds of
00:03:00
the people who are going to do it and
00:03:03
there are people who will do it and they
00:03:05
do it all the time that's the only way
00:03:06
you end up in a winning trade most of
00:03:09
the time when you end up in a winning
00:03:10
trade is because of what these other
00:03:12
Dynamic Traders are doing so to convince
00:03:14
you that there are people who are
00:03:16
willing to do this if I'm a hedge fund
00:03:19
manager and I've got to
00:03:20
unload if I've got to unload a huge
00:03:23
position and the market happens to be
00:03:24
sitting right here in in relative to
00:03:26
this chart pattern
00:03:30
how might I maximize my profits what
00:03:34
might I do now remember I've got a sell
00:03:37
I'm going to be a seller but what might
00:03:39
I do to make sure that I get the best
00:03:42
price what drive it up and sell yeah
00:03:45
drive it up in other words I will do the
00:03:47
opposite of what I want to do to get a
00:03:50
better price and I will drive it up but
00:03:52
how much risk am I taking by doing
00:03:55
that probably not a lot selling a little
00:03:59
dry
00:04:01
well yeah I mean if I drive the price up
00:04:03
by taking out these offers and then
00:04:05
bidding up taking out it off take in
00:04:07
other words I can look with with
00:04:09
depending on the kind of software I have
00:04:10
I can find out what depth uh the depth
00:04:13
of the market meaning that that you know
00:04:15
and I'm not saying these are hard hard
00:04:16
offers because people pull their offers
00:04:18
all the time but I can look at this I
00:04:20
can look at this high and I say you know
00:04:23
what what if how much money might it
00:04:25
take for me to drive the market from
00:04:27
here to just pass these highs right here
00:04:31
here how many offers do I have to take
00:04:33
out to do it just tally it up just tally
00:04:36
it up and see if you want to spend the
00:04:39
money because in essence how much risk
00:04:42
you actually taking see by by by driving
00:04:45
it up what you're doing is you're you're
00:04:47
increasing the asset value of your
00:04:50
portfolio so in that sense you're not
00:04:52
taking any risk you're actually making
00:04:55
money if I if I continue to drive the
00:04:57
price up
00:05:00
I am actually making the trades that I
00:05:02
made down here winners every tick that I
00:05:05
drive the price up I'm making myself a
00:05:07
winner on the trades that I made at
00:05:08
lower prices to actually drive a price
00:05:11
up because you are making yourself a
00:05:13
winner at the prices that you know what
00:05:15
you bought at lower prices if for an
00:05:17
example by me driving this price up it
00:05:20
draws other people into the
00:05:22
market that will help will it not
00:05:24
because it creates more of an
00:05:27
imbalance now that's the real thing what
00:05:29
I want to do is I want to get more
00:05:31
buyers into the market and the reason
00:05:32
why I want to get more buyers into the
00:05:34
market is so somebody is there to take
00:05:36
the other side of my sell orders because
00:05:38
that's ultimately what I'm doing here
00:05:41
what I'm doing is I want to sell so what
00:05:43
I'm doing is creating a bigger pool of
00:05:46
of of of orders to come into the market
00:05:49
to I can sell into so that my my sell
00:05:51
orders don't drive the price down
00:05:55
down and so I will purposefully do the
00:05:58
opposite of what I want to do
00:06:00
ultimately with respect to my position
00:06:02
now what the reason why I'm selling has
00:06:04
nothing to do with this chart pattern
00:06:06
absolutely nothing to do with the chart
00:06:07
pattern itself I'm just using the chart
00:06:10
pattern as a means to maximize my
00:06:13
profits now what if I managed to drive
00:06:17
it
00:06:18
up to
00:06:21
resistance chances are there's going to
00:06:23
be a lot of sell orders coming in that
00:06:24
I'm going to have to compete with that's
00:06:27
that's a risk that I that's a risk that
00:06:28
I that I'm that I'm taking here but what
00:06:30
if I can drive it a little past that
00:06:33
resistance what I'm going to have is a
00:06:36
situation where all the people the other
00:06:38
traders who sold at this level right
00:06:40
here that came into the market because
00:06:43
it was approaching this previous High
00:06:45
they're going to put their stops a
00:06:46
little bit above the market now what
00:06:47
kind of stops are they going to be
00:06:48
they're going to be buy stops if they
00:06:50
sold to get out at a loss they have to
00:06:53
be buyers if I can drive the market to
00:06:57
those buy stops I have given myself an
00:06:59
instant pool an instant pool of orders
00:07:03
to take the other side of my trades and
00:07:05
and get me out at at maximum profits
00:07:08
this is typically what you see in a
00:07:09
chart pattern as a false
00:07:12
breakout because what'll end up
00:07:13
happening is that as soon as my order
00:07:15
hits the market at so large and and then
00:07:18
because there really weren't that many
00:07:20
other traders that were willing to bid
00:07:21
continue to bid the market up what it'll
00:07:23
do it is will'll take out all the bids
00:07:25
and then drive the price right
00:07:28
down that's called called a false
00:07:31
breakout it's it's being done at
00:07:34
different at different uh time frames
00:07:36
all of the time and so the point that
00:07:39
I'm making is that what you you're
00:07:41
trading off of a mathematical formula
00:07:44
literally you're trading you're in this
00:07:45
mathematical formula what technical
00:07:47
analysis does is it gets into the
00:07:49
collective mind of the market in other
00:07:52
words every tick every uptick and every
00:07:54
down tick is information that
00:07:56
information is accumulated in
00:07:58
mathematical principles are applied to
00:08:00
it there are there are actual patterns
00:08:03
that that that emerge that repeat
00:08:07
themselves over and over and over
00:08:09
again that you can identify with
00:08:12
mathematical formulas or with these
00:08:14
visual price patterns but the problem is
00:08:17
that there's no mathematical formula
00:08:18
that can get into the mind of the
00:08:20
individual traders who actually are
00:08:22
driving prices up or offering them
00:08:24
lower but if you don't know that you
00:08:27
somehow or another if you happen to if
00:08:29
you're trading on a smaller time
00:08:32
frame you're trading on a smaller time
00:08:34
frame and you get a little uh a little
00:08:37
pullback right here okay and based on
00:08:40
that pullback your methodology says okay
00:08:42
it's time to buy and you
00:08:45
do and but and you do it just before
00:08:48
this hedge fund manager comes in and
00:08:49
starts driving the price up see you're
00:08:52
going to think that the reason why you
00:08:54
won is because that your mathematical
00:08:56
formula told you what was happening next
00:08:58
and that was the reason reason why it
00:09:00
happened what I'm saying to you now is
00:09:04
that there almost isn't any reason that
00:09:06
you could come up with whether you won
00:09:08
or lost that would correspond to what
00:09:10
really happened in the
00:09:11
market you hear what I just said there's
00:09:14
almost no reason that you will come up
00:09:16
with to put on a trade that will ever
00:09:18
correspond with the actual reason why
00:09:19
the market went up or the market went
00:09:21
down other than the fact that there was
00:09:23
an imbalance and conviction between
00:09:24
buyers and
00:09:27
sellers because the people who do this
00:09:30
will not tell you unless it's in their
00:09:31
best interest to do
00:09:34
so and the reason the people who report
00:09:37
it in the news agencies they don't know
00:09:39
either they're making it up they make up
00:09:41
the reasons because they sound
00:09:43
reasonable they are paid to sound
00:09:45
reasonable and there's no way to verify
00:09:48
what it is that they
00:09:54
say or to disprove what they said that's
00:09:57
right there's no there's no way the only
00:09:59
people who can do it are the people who
00:10:01
actually made the trades the only people
00:10:03
who know for sure what's going to happen
00:10:05
next are the ones who are willing to
00:10:07
make it
00:10:11
happen you see we'll put on a trade and
00:10:15
find ourselves in a nice monster little
00:10:16
winter here and think oh man my my
00:10:19
methodology it is just
00:10:21
fantastic and then the next time you get
00:10:23
the same signal and then you don't get
00:10:26
anything not only that it's a loser you
00:10:27
think oh now you feel betrayed you think
00:10:29
you're your your methodology let you
00:10:33
down your methodology wasn't designed to
00:10:36
tell you what's going to happen next on
00:10:37
a trade bytrade basis no technical
00:10:40
methodology
00:10:42
is that's where your expectations are
00:10:45
not in line with the reality of the
00:10:47
situation that's why it's so easy to
00:10:49
make mistakes is because you're
00:10:51
expecting something from your
00:10:52
methodology that just doesn't
00:10:56
exist it just doesn't it never
00:11:01
did on a trade bytrade basis they will
00:11:05
tell you what will happen let's say I
00:11:07
don't want to use words to happen next
00:11:08
they'll tell you what will happen over a
00:11:11
series of trades on a percentage
00:11:14
basis this particular pattern will
00:11:16
emerge X number of times and when it
00:11:19
does there's a higher probability of
00:11:20
this happening than that if I limit my
00:11:23
risk when I take the trade and my
00:11:25
profits uh my profit potential is at
00:11:28
least you know one or two or three times
00:11:30
greater than what I need the risk then
00:11:31
over a series of Trades I will be a
00:11:33
consistent winner that's what trading is
00:11:35
all about guys as a passive technical
00:11:37
Trader unless you're doing this other
00:11:39
stuff I just said it right then and
00:11:40
there I said it all right then and there
00:11:43
Rest in Peace Mark but he did say it
00:11:46
right then and there what makes you
00:11:49
think that you can predict every single
00:11:52
move in the market when you have no idea
00:11:55
what the people who have financial and
00:11:58
psychological me means to move the
00:12:00
market are going to do next you simply
00:12:03
can't that's why less than 1% of these
00:12:07
Traders make any significant returns
00:12:10
consistently let me Zoom that in that's
00:12:13
way on top of the pyramid after
00:12:16
everybody quit after years and years of
00:12:19
unprofitability there is only less than
00:12:22
one% of these Traders make any
00:12:26
significant net returns consistently and
00:12:29
they are not doing it by knowing what
00:12:32
Market will do next they are doing it by
00:12:35
executing the same trading model over
00:12:38
and over again so if we can't control
00:12:42
the market what can we control we can
00:12:46
only control ourselves this is why I
00:12:49
keep emphasizing to follow your daily
00:12:52
plan and execute the same trading model
00:12:56
over and over because that's how you
00:12:58
will conqu trading and Conquer yourself
00:13:01
so you don't act out like this
00:13:04
somebody's about to punch punch the oh
00:13:06
you son of a [ __ ] I was trying to fade
00:13:07
ICT [ __ ] him he's a fraud I can't share
00:13:10
the video now it failed on
00:13:12
me [ __ ]
00:13:15
you [ __ ] you very
00:13:17
[Laughter]
00:13:19
much give me some more I I'm here all
00:13:22
week baby tip your bartender tip your
00:13:24
[ __ ] bartender who's doing it like
00:13:26
this Patrick come on baby
00:13:32
get the [ __ ] out of here the only
00:13:34
solution is to let go of the desire to
00:13:38
be right and accept that losses are part
00:13:41
of this game when you learn to let go of
00:13:44
the need to be right being wrong
00:13:47
gradually lose its power to disturb you
00:13:51
and really the only certain thing that
00:13:53
certainty does not exist and this is
00:13:56
life in general we must become
00:13:59
comfortable with risk because if we are
00:14:02
not taking risks we are not improving
00:14:05
and if we are not improving we are
00:14:07
falling backwards the real secret to
00:14:09
trading is to become indifferent towards
00:14:12
the outcome and treat trading as a job
00:14:15
where you come in every day executing
00:14:18
your daily plan and moving on with your
00:14:21
day adopt the belief that current trade
00:14:25
most likely will not work out because
00:14:28
that's the only certain thing that's the
00:14:31
only guarantee that we have as traders
00:14:34
that as soon as you put the trade it's
00:14:37
already a loser so it's the only one
00:14:41
guarantee that we can rely on as Traders
00:14:43
is that we are starting with the losing
00:14:47
trade so most likely this losing trade
00:14:51
will not work out so this believe allows
00:14:54
us to adapt the mentality of placing a
00:14:57
stop order protect our risks so we don't
00:15:01
go acting like total degenerates
00:15:04
increasing our risk because we feel so
00:15:07
great that we can predict the next move
00:15:10
and we can't so it's unrealistic and
00:15:14
delusional to think that we can win
00:15:17
every single trade it just not reality
00:15:21
we need to adopt the belief that current
00:15:24
trade most likely will not work out and
00:15:27
that's the only way to be indifferent
00:15:30
towards the outcome that's the only way
00:15:33
to be
00:15:35
indifferent and stay emotionalist while
00:15:39
we trading because as soon as we get
00:15:41
excited about trading we start believing
00:15:44
that we are invincible the dopamine and
00:15:48
adrenaline feels very good and we start
00:15:51
doing crazy things we start uh
00:15:54
leveraging up we start taking more
00:15:56
trades than we should and pretty much we
00:15:59
are not following our daily plan and if
00:16:02
we can control our market and we can't
00:16:05
control ourself you can imagine what
00:16:08
kind of outcome we can expect and the
00:16:11
only belief that we can have is that our
00:16:14
trade will not work out and we can only
00:16:17
rely on this series of trads but those
00:16:21
trads need to be the same so we know
00:16:25
that our methodology our pattern that
00:16:27
we're following are working because over
00:16:31
series of Trades we come out as a winner
00:16:35
and if we come out as a loser then maybe
00:16:38
we
00:16:38
can try to trade some other trading
00:16:42
strategy or maybe trading is not for you
00:16:46
again we cannot have trading as the
00:16:50
number one priority in our life because
00:16:53
we cannot rely on it trading is gambling
00:16:57
you either like it or not trading is a
00:17:00
risky gambling Behavior where we placing
00:17:04
bats on the direction and as Mark
00:17:07
Douglas says there is no way of knowing
00:17:10
if our next trade will work out so might
00:17:13
as well we need to adopt the belief that
00:17:16
the current and the next trade will not
00:17:19
work out and we simply placing bets and
00:17:23
over the long period of time we
00:17:26
hopefully come out as a winner so
00:17:28
trading cannot be the number one
00:17:31
priority in our life because that's a
00:17:34
recipe for disaster so really the only
00:17:37
way to trade is the mechanical trading
00:17:40
and really there are three levels of
00:17:42
trading Mastery but you got to start
00:17:44
from somewhere you got to start from
00:17:46
mechanical then you can move on and add
00:17:49
on more confluences and try to uh tweak
00:17:53
your trading models and uh then your
00:17:56
trading become more subjective and and
00:17:59
then uh eventually you can trade
00:18:01
intuitively but you have to start from
00:18:04
the mechanical strategies and most
00:18:07
people don't most people never Master
00:18:10
the mechanical strategy and they never
00:18:13
Master their emotions and they keep on
00:18:15
in that cycle of uh losing refilling
00:18:19
their account and keep on going in that
00:18:22
vicious cycle of uh trading Madness that
00:18:26
like you see in the beginning of this
00:18:27
video but the real secret is to have one
00:18:30
trading mechanical strategy so in this
00:18:33
video I want to present to you the
00:18:35
simplest mechanical trading model where
00:18:38
we using a simple Fibonacci retracement
00:18:42
and entering at
00:18:44
the golden pocket which is the golden
00:18:48
ratio 618 retracement and our exit is
00:18:52
only tp1 I recommend you take off your
00:18:57
whole trade because a lot of times if we
00:19:00
wait for tp2 we might have a deeper
00:19:03
retracement and we might get stopped out
00:19:05
at the break even or whatever but if you
00:19:09
want to keep it the most mechanical as
00:19:12
possible I recommend number one limit
00:19:15
order at 618 so if we can identify the
00:19:20
bullish Trend where we breaking
00:19:22
structure to the upside what we want to
00:19:25
do is we want to measure this leg over
00:19:28
here this is the expansion lag and we
00:19:31
have waiting for this retracement to the
00:19:35
golden ratio to the 618 where we set the
00:19:40
limit order our stop loss goes below
00:19:43
this low this is protected low if you
00:19:46
don't know what the protected low is
00:19:49
watch my videos about Market structure
00:19:51
you will understand but I continue to
00:19:54
simplify trading and the only way for me
00:19:58
to succeed at trading is to completely
00:20:01
remove the thinking process completely
00:20:04
remove the desire to be right so this
00:20:09
way I know that most likely this trade
00:20:12
will not work out but over the series of
00:20:15
Trades I might come out ahead because
00:20:18
this pattern plays out in the market
00:20:21
over and over again and I'll show you
00:20:24
examples a little bit later and all we
00:20:26
have to do is place a limit or at the
00:20:29
golden ratio
00:20:31
618 and place a limit exit where as soon
00:20:36
as price gets to this level we take our
00:20:39
profit and we are done for that trade
00:20:43
again I don't recommend you waiting for
00:20:45
the tp2 because most likely or not
00:20:48
there's going to be some kind of
00:20:49
retracement before hitting these highs
00:20:52
and in a lot of cases we might not even
00:20:55
get the tp2 and I rather take profits
00:21:00
and have a winning trade then see price
00:21:03
reverses on me and in my previous video
00:21:05
I was talking about the daily plan this
00:21:08
fits perfectly within the daily plan
00:21:11
where all you have to do is just find
00:21:14
few trades like this every single day
00:21:17
you can go to the low time frames like
00:21:20
15 second 1 minute and you can find many
00:21:23
many trades like these and all you have
00:21:25
to do is just execute from entry to the
00:21:28
T P1 take few trades like that and move
00:21:31
on with your day let's go through some
00:21:34
examples I have a NASDAQ 15minute chart
00:21:38
as you can see there was a reversal here
00:21:41
we have double bottom in here and we
00:21:44
have this expansion
00:21:46
upwards this is where expansion ended
00:21:49
and we keep on dragging our Fib so first
00:21:54
we drag FIB to this High then we
00:21:56
dragging FIB to this High then we
00:21:58
dragging FIP to this high and we waiting
00:22:02
for the price to retrace into our entry
00:22:06
where we have a limit order so as price
00:22:10
going up and not retracing down into the
00:22:13
618 we keep on waiting waiting and this
00:22:17
becomes liquidity this becomes people
00:22:20
that are longing here they're going to
00:22:23
be stopped out on this move down and we
00:22:26
can enter at the the 618 and it's easy
00:22:30
exit over here and as you can see the
00:22:33
price actually went to tp2 but again I
00:22:35
recommend is for the completely
00:22:37
mechanical strategy I recommend exiting
00:22:41
at 0 uh 236 which I believe the most
00:22:46
optimal exit for this strategy and again
00:22:49
you should go and back test and see it
00:22:52
in your chart see it how it plays out
00:22:55
get used to it and uh then you will be
00:22:58
able to just set limit orders and uh be
00:23:02
done for the rest of your day here's
00:23:04
another NASDAQ 15minute chart where we
00:23:08
have a breakout structure here and we
00:23:10
waiting for the price to come to the 618
00:23:14
and we have an exit at 236 so our
00:23:19
measurement goes from the
00:23:21
low to the high and you can simply put
00:23:25
the limit order at 61 8 and wait for
00:23:31
this 236 and as I said sometimes this is
00:23:35
a perfect exit and you are done you
00:23:39
don't have to be waiting in this
00:23:41
retracement over here here's a bearish
00:23:44
one 15 minute NASDAQ again we have this
00:23:48
expansion leg down which we measure with
00:23:51
our fibs and we wait for the retracement
00:23:55
to the 618 and exit at 236 and it's
00:24:01
quick and easy trade and we are done and
00:24:04
again based on your daily plan you can
00:24:07
have a daily plan where you just take
00:24:09
one trade a day and you done here I have
00:24:12
gold chart again we have break of
00:24:15
structure here to the
00:24:18
upside we have a lag from here to
00:24:21
here we measure putting uh anchoring our
00:24:25
fibs from the low to the high and we
00:24:28
simply waiting on this pullback at 618
00:24:33
and we exit at
00:24:35
236 this is a gold hourly chart so as
00:24:40
you can see again as soon as it Taps
00:24:43
into the 618 it goes to the 236 and
00:24:48
starts pulling back as you can see this
00:24:49
wigs so I believe this is the most
00:24:52
optimal trade over here and while most
00:24:56
people are waiting for the draw
00:24:58
we already done with our trade and it's
00:25:01
all about risk management so depends on
00:25:05
your risk tolerance whatever you want to
00:25:07
risk it be $100 $200 you need to
00:25:10
calculate how much you want to buy over
00:25:13
here so you have you are risking $1 $200
00:25:17
whatever your risk tolerance is at the
00:25:19
stop and 236 is the one: one risk to
00:25:24
reward ratio So based on your risk and
00:25:28
BAS B on your size of your account you
00:25:30
want to calculate how much you need to
00:25:33
buy over here so you have a one to one
00:25:37
RR a one to1 risk to reward is the great
00:25:42
start if you want to improve go back
00:25:45
test this see what happens how often we
00:25:48
get to the takeprofit too because that's
00:25:51
the only way for you to gain confidence
00:25:54
and experience in your trading I cannot
00:25:57
teach you that you have to go into the
00:26:00
charts and execute and see this happens
00:26:03
but remember that you got to execute the
00:26:06
same thing at least over the series of
00:26:10
30 trades at least that and see what
00:26:14
kind of win rate you have what kind of
00:26:16
risk to reward you comfortable with and
00:26:19
uh see how this plays out in real time
00:26:22
you're only going to get that through
00:26:24
back testing and forward testing and
00:26:26
live executions here's the daily chart
00:26:29
on bitcoin the same thing we had the
00:26:32
break of structure here and we waiting
00:26:36
for the pullback there is our high there
00:26:39
is our low so the low is the stop this
00:26:42
is the invalidation here the Stop and
00:26:46
our entry at 618 and as you can see
00:26:49
we've been rocking back and forth and
00:26:53
eventually we got down to the 618 swept
00:26:57
the slow
00:26:58
and now heading almost got to this
00:27:03
tp1 so this is the most simple trading
00:27:07
strategy that I can come up with and
00:27:10
really that's the only thing that you
00:27:13
need in trading because if you can have
00:27:17
a limit order entry at 618 and exit at
00:27:21
236 you don't have to think about it
00:27:24
this is the most mechanical thing that
00:27:27
you can do in trading and once you can
00:27:30
Master this once you can consistently
00:27:33
execute your daily plan which is how
00:27:36
many trade you want to take every day
00:27:39
right you do that daily plan
00:27:42
consistently by executing the most
00:27:45
mechanical strategy ever which is entry
00:27:49
at 618 exit at 236 and over time you
00:27:54
will build confidence and you
00:27:56
consistently will see
00:27:58
the results of your trading because if
00:28:02
you are just going into the market and
00:28:04
trying to read it and trying to predict
00:28:07
this move and that move and you taking
00:28:10
trades randomly you will never know what
00:28:14
your trading will look like over the
00:28:17
long period of time and the only way to
00:28:20
know that is to execute the same thing
00:28:24
over and over and over again and I did
00:28:27
not not switch the
00:28:29
strategies I didn't hop around or
00:28:32
anything like that all I did is simplify
00:28:36
for here if I go back to this uh gold
00:28:40
chart there is an SBS the swing breakout
00:28:44
system that I talked about in my
00:28:46
previous video which is there is our
00:28:50
breakout here we have one which is the
00:28:54
breakout two which is the first step
00:28:58
we have number three over here and we
00:29:01
come back to liquidate the first stop
00:29:04
over here right we liquidate first stop
00:29:08
that's number four we have a
00:29:11
reversal that's number five and our
00:29:15
Target is over here which is
00:29:20
236 instead of tp2 so I refined the SBS
00:29:26
even further by not letting myself wait
00:29:31
until tp2 so I notice that most of the
00:29:36
time we reverse or we pull back right
00:29:40
before the exit at tp2 which is number
00:29:44
six if I'm talking about SBS I realized
00:29:48
that and I was like well why not just
00:29:50
take one to one RR why not take a entry
00:29:54
here and exit here which would be the
00:29:57
most optimal I believe here's another
00:30:00
one 15 minutes right we have a
00:30:03
breakout we have number one which is the
00:30:06
breakout number two the first pullback
00:30:09
the first stop number three right and
00:30:14
number four liquidates and Taps into the
00:30:18
618 now we had a deeper retracement but
00:30:22
we not panicking because our stop loss
00:30:24
is over here that's why our stop loss is
00:30:28
over here so because I don't want to
00:30:29
think about it I just want to place a
00:30:32
limit order without being emotional
00:30:35
without stressing about it and I want to
00:30:38
exit quickly right so we have a reversal
00:30:42
here and it goes right into the 236 and
00:30:45
look what happened pull back so do I
00:30:48
want to take profit or do I want to wait
00:30:51
maybe for this tp2 over here for the
00:30:55
number six SBS so what I did I refined
00:30:59
it I refined it and I simplified my
00:31:03
execution even further so this is how it
00:31:06
looks like and let's call it golden SBS
00:31:10
because it's a golden pocket
00:31:13
0618 and like I said we have a breakout
00:31:16
1 2 3 four liquidates number two and
00:31:19
number five is reversal we have a limit
00:31:22
order at the 618 and we have a TP at the
00:31:26
236 and and that's it that's the model
00:31:31
that's the most mechanical model that I
00:31:35
can come up with and this is really it
00:31:39
without SBS the SBS is a great
00:31:42
Confluence for this model so with that
00:31:45
being said thanks for watching go back
00:31:47
Des this model share your thoughts and
00:31:50
questions on Twitter at stoic TA or ask
00:31:54
your questions Down Below in the comment
00:31:56
section and I will see you in the next
00:31:58
one good luck
