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Transcript
00:00hello everyone i'm back with another video this is gonna be my first trade
00:05this is a very like a crazy ranging market you see that this is a range and
00:13yeah we also have the long weeks see that for example in previous candle we could take the
00:21sell trade right here okay because we also had this round number okay if i'm being honest
00:29i would wait for this to cross this and then i would enter here but anyways that would be a
00:35takeable trade and now we are closing exactly on the doji range as you will know and i've
00:43told this before when we have a doji it means that we have a ranging market in a lower time frame okay
00:50arranging market in the lower time frame let's just check it
01:00this is the doji and if i go to the lower time frame it should be some sort of range
01:05okay if you consider this as a range if we break this from the um each side for example here now
01:14we broke that the market tries to come to the range again all right and especially
01:23i wouldn't take this trade to be honest but since we have double the range and this is a big range
01:28and a smaller range inside of that so this is very strong when you have a doji in a double range
01:34like a in a bigger range you can count on that this is also a pretty much the doji candle all right
01:42that's how it is so
01:49yeah this trade was also very nicely takeable you see that we broke the range we're coming back to
01:55the range again we might break this range from the upside and again come back to them but this
02:01time since we're coming from pretty strong area okay i will i will wait for marginal safety here
02:07because hold on i'll take this risk with a very small amount just in case because um this might
02:18might be the place of starting a trend to the you know at least the lower i mean upper band which in
02:26this case is this resistance it can be a decision point for the market to reach that that's why i lowered
02:32the risk just because we might lose this as you can see we're losing the trade but no problem though
02:42let's see if we can find a reason to take a sell
02:47um taking a sales rate right here it can be risky because you know the market just can't keep pushing
02:55up but if we consider the market sequence and all that stuff we can take a sell okay
03:03but there's no other reason to combine for a sell so we can just keep going on let's just change this
03:12market and don't overthink that all right um oh my god look at this uh it's not very strong
03:22oh my god oh my goodness i didn't see this trend line trend line combination with this round number
03:34and yeah but this is a minor uptrend though it's very dangerous to go against that
03:52it's getting rejected from this overlapping level right here and
04:03i will take a cell right here if it goes a little higher no
04:25yeah i took the cell trade because we have the supply area and we broke the supply so the sellers
04:30can enter and previously we see sellers entering and pushing the price pretty low okay and i believe
04:40there should be some supply at the lower scale that supported this price but there's a lot of sellers
04:46okay these sellers are coming from this supply area all right so we see the sellers in the previous
04:53candle and also now we're broken the supply area we can have the trend line as well so let's see if
04:59we're gonna win this oh my god it's struggling oh my goodness let's go
05:07all right now we have this let's see if we can find a common point it's it should be a common point
05:16but uh remember when you're trying to um
05:20draw your comment point make sure that you're not breaking a candle's body
05:28okay okay i want i want to take a cell right here
05:41and oh my god look at this one um there's a very nice qm you see that we have been coming up
05:57like crazy previously oh my god look at this moving average
06:01guys guys i know a lot of people are gonna ask about the moving average it's 23 sma i'm testing
06:09out this moving average it seems that it's pretty good dynamic support and resistance if you look at
06:15here it's respect pretty well and yeah and all of a sudden you see that we have been making higher highs
06:24we have been making higher highs and all of the sudden we broke the previous low okay it should
06:31sound something it should it should be telling you something okay so when you have this situation in
06:36the market you have you will have a qm level it's exactly here you draw it just like this when
06:43the price comes here you can take a price action trade to the downside three to four three to five minutes
06:49so now the market is trying to create a base and then it will decide to go down or go up and you
06:58see that we don't see any sort of higher high right here so it's sign of weakness for the market
07:06and if you break this we can go down what the hell was that
07:12all right if you break this to the downside we can go at least the previous demand area which in this
07:17case is going to be down here all right um
07:28okay i will go oh my god come down a little more
07:32if it comes okay let's go i go with the bars right here it's a gap up but no problem no worries
07:38about this gap up we also have the market sequence right here as the previous time and this is a
07:44very long candle sign of reverse and it doesn't have any sort of small rejection you know in some
07:51cases having small rejection down here it can cause the price to continue because it's
07:56seller's confidence it's not buyer's rejection it's seller's confidence and um yeah just like this one it's
08:05not a rejection it's confidence okay and this is a very nice double bottom right here it's a reversal
08:16point for for the market for the uh for the last time and now we're breaking this area since we got
08:23this double uh bottom back there and it has already two touches and this is the third touch this is also
08:30count as a breakout rating all right so um normally we count the third touch as breakout trading but if
08:39we have a double bottom okay and then we have the third touch breaking that and it's lower than 50 percent
08:46of the candle it's the 50 percent of the candle all right so you can count on the you know breakout even
08:53better right especially if you have buyers entry as a trend okay that's very i mean this is beautiful okay
09:11let's see let's just add a couple of pairs i don't know today why i'm struggling to find some good ones
09:23all right all right so this is the same chart let's see if we connect this
09:47let's see if we connect this and then we got the centers got the okay
09:57and go a little higher please no
10:12no
10:17oh my god we have this gap down i don't like this gap down at all i don't like this at all
10:34like this gap down right here
10:38okay so
10:40this is a base as you can as you as you see and this is the time for breakout we don't know if this
10:48is going to break out from here or down here and i took this trade just because of
10:54this sellers entry if we connect them let me see let's go add one more right on the round number all
11:03right so the the only reason they are pushing up this is freaking gap down okay otherwise it would drop like
11:10crazy i was expecting at this kind of candle but no problem let's see we will win this trade for sure
11:17but i don't know about this one um yeah that's why um you know the proper thing is just okay and
11:25that was a winning trade though i will add one more cell right here yeah that's why the proper thing is
11:33just wait for you know a couple of seconds to candle open and then you can go um with your trend
11:41but this time i go with the sellers more confidently okay even though we got this gap up get down again but
11:49there's no way they push up even higher than this because it's basically the third touch first touch
11:55second touch second touch and the third touch is exactly closing on this ejection point but guess what
12:06we also have the round number here so it's pretty good point to go with the sellers i was planning you
12:14know if we were failing this one as well like it would be this candle if we were if we were mean to break
12:21this level it would be a very strong candle and after the strong candle two or three next candle
12:28would be also buys so i was planning if i fail this i would go with it like if it's a buyer's candle
12:35i would go with the buyers for double or triple trick but it didn't fail okay that's it for today
12:41everybody i hope you enjoyed and uh thank you for your crazy support it's unbelievable and i don't know
12:47how to thank you enough and put them in the words but um about the mentorship so many people just
12:53texting me freaking daily and um yeah it will be really soon i'm i'm trying to really make it
13:00fucking craziest mentorship in the world and it will be ready soon please man just be patient and yeah
13:07peace out
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