00:01in this video i'm going to be trading forex currency pairs utilizing fractal chaos bands
00:08the 20 period simple moving average and the 50 period simple moving average
00:15gush schmidt here and i'm back again with a new trading video so today i'm on the pocket option
00:22platform and i'm going to be trading regular currency pairs not the otc pairs regular currency
00:30pairs on the platform utilizing two indicators the fractal chaos bands and the
00:4220 period simple moving average and the 50 period simple moving average so if we go into our indicator
00:48icon here we have the fractal chaos bands here we click that on and then for the moving average
00:55we would click this twice and for the fractal chaos band settings here i have the period set to two
01:03which is default setting and in the style settings i've changed the background color to white
01:10so we can save that and the reason why i changed the color is that we can see the red
01:16and the green
01:17lines here the green light lines represent dynamic levels of resistance while the red lines
01:24represent dynamic levels of support and for my moving average indicator uh the first setting
01:33the first moving average i've set set to 20 period sma and in the style settings i've changed the line
01:41to two pixels blue for the 20 sma here so that's the blue line here the 20 sma the second
01:50moving average
01:50which is the uh uh 50 wait this is the 20
02:05the second moving average is the 50 period sma and in the style settings i've set the 50 sma to
02:15green
02:15uh two pixels for the line width and for my candlestick charts i've set the candles to one minute
02:24regular japanese candles so each of these candles is one minute and for my trade timer i've set the
02:33trade timer to five minutes so i'll be looking at one minute candles while taking five minute trade
02:41expires okay so what i'm going to do now is i'm going to pause the video and look for some
02:48setups
02:53okay so i'm on the u.s dollar canadian dollar currency pair and i just took a buy trade now
03:00the
03:00reason why i took the buy trade here i took the five minute buy trade is first of all the
03:05candle here
03:07this green candle closes above the upper boundary of the fractal chaos band line here which suggests
03:16a continued bullish momentum to the upside secondly the 20 sma and the 50 sma are sloping both upwards in
03:28an
03:28upward direction here the 20 sma line is the blue line the green uh line here is the 50 sma
03:40so we want to trade with the trend here and i took a five minute trade which uh allows the
03:49trend to play
03:50out over the five minutes so what i'm going to do is i'm going to pause the video and wait
03:56for about
03:5730 seconds left in the trade and look at the uh check the results of the trade
04:05okay so i just took another trade on u.s dollar japanese yen while we wait for the results of
04:12the
04:12u.s dollar trade the u.s dollar canadian dollar i took i went ahead and took a trade on
04:19the u.s dollar
04:20japanese yen here and the reason why i took the trade here is you see this green candle here this
04:25previous green candle closes above the upper boundary of the fractal chaos band line in addition to that
04:34we're seeing the blue 20 sma line and the green 50 sma line both sloping in an upward direction
04:42suggesting a continued bullish trend to the upside
04:49so what i'm going to do here is i'm going to pause the video and wait for the expiration of
04:56this trade
04:57till about 30 seconds left we still have the u.s dollar canadian dollar trade going uh that that trade
05:04will expire first and then the usd jpy trade uh the five minute trade will expire afterwards so we'll be
05:12there to monitor the results of both of these trades okay so we have uh about 30 seconds left with
05:27the
05:27u.s dollar canadian dollar trade here so let's watch this currency pair and wait for the expiration
05:46it's set to expire
05:57okay so that trade was in the money all right so i'm gonna pause the video and wait for the
06:03usd jpy trade to expire next okay so we have about 30 seconds left in the u.s dollar japanese
06:17yen trade here
06:19so we're going to wait for the expiration of this trade and see the results
06:40okay so i'm on the rc dollar canadian dollar currency pair and i just took a sell trade or put
06:59trade here
07:00and the reason why i took the trade is this previous red candle closes below the lower boundary of the
07:08fractal chaos band line here suggesting a continued bearish momentum to the downside in addition to that
07:18if you look at the blue 20 sma line it's sloping downwards along with the green 50 sma line you're
07:28beginning to see it also begin to slope downwards so all three of these confluences suggest a
07:36continued bearish momentum to the downside over the next five minutes so what i'm going to do is i'm
07:43going to pause the video uh up until about 30 seconds left in this uh five minute trade so we
07:50can
07:50see the results of the trade okay so i'm back on the aussie dollar canadian dollar trade here
08:00and we have a few seconds left in the trade uh looks like we're going to be a winner here
08:10the price continued to push downward here from the entry point here this red line represents my entry point
08:17in the trade okay great so we won that trade that trade was in the money all right so i'm
08:24going to
08:24pause the video and look for our next setup okay so i'm on the u.s dollar canadian dollar currency
08:32pair
08:33and i just took a sell trade here and the reason why i took the sell trade is
08:41uh this uh this previous red candle we have the current red candle but this previous red candle
08:48uh i waited for this candle to close below this lower boundary of the fractal chaos band line
08:55i didn't wait here i didn't take the trade here at this candle because the candle had not closed below
09:03this boundary this boundary because if you take if i take in the trade here it may have reversed on
09:14me
09:14because there's a level of support here and could have bounced back up so i waited for this candle to
09:21close below this uh level of support and took the sell trade all right so i'm going to pause the
09:29video
09:29and wait for the expiration at the end of five minutes uh to see the results of the trade
09:38also wanted to mention that the 20 sma line sloping downward uh then we see the 50 the green 50
09:48sma line
09:49beginning to slope downward also suggesting a bearish uh momentum in the price of the u.s dollar
09:57canadian dollar so let's wait about for about 30 seconds left in the trade and i'll come back and
10:05look at the results okay so we have a few seconds left in the trade so let's wait for the
10:14expiration
10:29okay so that trade was in the money all right so i'm going to pause the video and look for
10:35one more setup
10:42okay so i'm on the canadian dollar japanese yen currency pair and i just took a buy trade here
10:51and the reason why i took the buy trade is this candle here although it closed above the upper
10:58boundary of the fractal chaos band i wanted to wait a little bit because if you notice uh these candles
11:06here this particular candle for instance closed above but then it shot back down here this red we have
11:14the strong bearish engulfing candles so i kind of wanted to wait to see how the next candle would
11:20behave and it showed a a bearish excuse me a bullish green candle here so this confirmed to me that
11:28there would be a continued bullish momentum to the upside here unlike this candle here
11:36which shot back down the next candle in addition to that we're looking there's the green excuse me the
11:43blue 20 sma line is beginning to slope sharply upward and then we also have the green 50 sma showing
11:53a
11:54positive slope as well so all three of these confluences suggested to me that there would be a continued bullish
12:03momentum to the upside in the canadian dollar japanese yen currency pair here so yes
12:12uh you want to wait till the next candle to see how the next candle behaves because i noticed even
12:20though
12:20we were showing a positive slope on both of these sma lines uh here for instance the candle even though
12:30the candle closed the next candle shot back down uh here again the candle closed above but it came back
12:37down
12:38whereas here i was more patient and waited to see how this candle behaved and so
12:49the candle continued to push the green candle suggested a continued push to the upside so
12:58uh i'm gonna pause the video till about 30 seconds left so we can see the results of this trade
13:09okay so we have about 30 seconds left in the trade the price retrace back downward here
13:18but hopefully we'll can we'll see a bullish push to the upside here
13:34wow so that was close but we won that trade uh very close trade but uh we eked out the
13:42uh push
13:42back upward with this green candle okay so what i'm gonna do is i'm gonna pause the video and look
13:48for
13:49one last trade okay so i'm back again on the canadian dollar japanese yen and this time i took another
13:59buy trade uh and the reason why i took the buy trade is this previous candle here closed above the
14:08upper
14:08boundary of the fractal chaos band line suggesting a bullish momentum to the upside in addition to that
14:18after the candle closed i waited for the behavior of the next this current candle and noticed it was
14:24still on a continued bullish trend it didn't retrace back downward right away like in the previous trades
14:32uh the previous candles here that i mentioned earlier in addition to that we're seeing a continued
14:39sloping upward of the 20 the blue 20 sma line and the 50 uh ema the 50 excuse me simple
14:50moving the 50 sma we have
14:51the 20 sma and the 50 sma the price is retracing back seems to retrace back but uh i'm confident
15:00that this price
15:01will continue to push upward so we're going to wait till about 30 seconds left and in the trade and
15:09come back
15:10and check out the results of this trade
15:17okay so we have a few seconds left in the trade so let's wait for the expiration the price
15:27this did indeed continue to push upward here from the entry point which is my green line here even
15:34though there was a small retracement on the next candle i was confident that the price would continue
15:40to push upward here so that trade was a winner okay great so i'm going to end the trading session
15:48here if you like the video please give it a thumbs up comment if you have any questions about the
15:53strategy
15:54subscribe to my channel if you're interested in keeping up with my latest trading strategies i also
16:00wanted to mention that i've only been risking about five percent of my capital uh and that's because
16:09you know we want to grow the account slowly but surely if you risk too much uh high percentages
16:16your capital that that could also lead to huge losses the idea is we want to be consistently profitable
16:25and have more wins than losses thereby growing our account over the long term
16:34okay i also have a link to the platform if you're interested in trading this strategy
16:42on pocket option i have a link to the pocket option in the video comments and or in the channel
16:50description of the video uh so feel free to sign up
16:55um so yeah thank you for watching fractal chaos bans moving average trading strategy gushman
17:06um
17:08so
17:08you
17:08you
17:08you
17:08you
17:08you
17:08you
17:08you
Comments