00:01in this video i'm going to be trading otc currency pairs utilizing the adx indicator
00:09and the women's percent r indicator gushman here and i'm back with a new trading video
00:16so today i'm on the pocket option platform and i'm going to be trading regular currency pairs
00:22on the platform utilizing the average directional index indicator the adx and the women's percent
00:30r indicator so if i go to my assets icon here pocket option has several assets available to
00:38trade it has currencies cryptocurrencies commodities stocks and indices here uh being
00:44that it's the weekend here uh only otcs are available on the weekend so what i've done is
00:51i've clicked on my currency icon here and a drop down menu shows up and so if we look here
00:58i have
00:59the otc pairs checked off here so when you do that the otc pairs show up at the top of
01:09the chart that
01:10way i can quickly go through each of the assets and analyze them for my trades okay so the first
01:20indicator
01:22if we click on our uh indicator icon here the first indicator as i mentioned is the adx which can
01:30be
01:31found here and the second is the williams percent r so we check both of these indicators off and then
01:39our indicators show up at the bottom of the chart here so if i go into my adx uh settings
01:45here i click on
01:46the pencil icon here
01:51i um i get the settings
01:57here adx smoothing i have the uh set to 14 and the di length set to 7. in the style
02:07settings i've disabled the
02:08adx line already it's enabled in the default setting and for my plus di line i've set it to green
02:16with a line width of two pixels and for my minus di line i've set the color to red
02:23with a line width of two pixels so we can go ahead and save that and for the room's percent
02:29r indicator
02:31i have the period set to seven and in the style settings i've increased the line pixels
02:40for the main line to two pick two px the minus 20 line green two pixels and the minus 80
02:49line to red two
02:50pixels so we can go ahead and save that and for my candlestick charts
02:55i have the candle set to 30 seconds s 30 here uh regular japanese candles and for my trade timer
03:06i have the timer set to m1 or 60 seconds so i'm going to be taking 60 second trades while
03:12looking
03:13at these 30 second candles okay so what i'm going to do now is i'm going to pause the video
03:17and look for
03:19some trade setups okay so i'm on tnd usd otc pair and i just took a cell trade here
03:33and the reason why i took the cell trade is if you see here the minus the red minus di
03:39line
03:40crosses over the green plus di line here in an upward direction so this suggests a
03:48the bears are more in control than the bulls the bears represent the red the bulls represent the
03:55green in addition to that there's a growing divergence of the indicator lines here suggesting
04:05that there's going to be a continued bearish trend to the downside in addition to that the wheels
04:11percent our line has crossed below the minus 80 line here in a downward direction and that tells me
04:18the strength of the bearish trend is strong and as you can see here uh that trade was in the
04:24money
04:25okay so i'm on the usd dzd otc pair and i just took a buy trade here and the reason
04:34why i took the buy trade
04:35is first of all we're seeing the cross of the plus green plus di line crossing over the minus di
04:44line
04:44here in an upward direction uh and then secondly here we're seeing the wheels percent r line cross above the
04:52minus 20 line here uh in an upward direction so this tells me that the momentum on the
05:04the currency pair is going to be upwards here uh we're seeing a growing divergence of the lines here
05:12a separation of the lines here and this tells me that there are more buyers here than sellers
05:22and that trade was in the money okay so to recap here if you notice there's a growing divergence of
05:30the
05:30plus di line and the minus di line and then we have the williams percent r line uh crossing above
05:38the
05:39the minus 20 line here all right so those two confluences tell me that there's a continued
05:46bullish trend all right so let me pause the video and look for the next setup okay so i'm on
05:53the euro
05:56usd otc pair here and i just took a sell trade and the reason why i took the sell trade
06:02is
06:02if you notice here there's a growing divergence between the minus di line and the plus di line
06:09here in other words an increasing separation between the two signal lines plus in addition to that the
06:16williams percent r line has crossed below the red minus 80 line here in a downward direction and it
06:23appears to be maintaining the position here so this tells me the strength of the bearish momentum is
06:30strong when the winds percent r line crosses below the minus 80 line uh so these confluences of the
06:38divergence of the signal lines and the winds percent r line below the minus 80 line tells me uh continue
06:45bearish momentum and that trade was in your money okay so let me pause the video and look for the
06:52next setup okay so i'm on the cad the canadian dollar japanese yen otc pair and i just took a
06:59sell
07:00trade here and the reason why i took the sell trade is first of all we're seeing a growing divergence
07:06of
07:06the minus di line and the plus di line here the mine the minus di line uh tells us that
07:14the bear
07:15are in control over the bulls in addition to that the winds percent r line crosses below the minus 80
07:24line which tells us the strength of the trend is relatively strong the bearish trend so these two
07:32confluences suggest that there's going to be a bearish movement to the downside over the next 60 seconds
07:39so let's monitor this trade and wait for the expiration
07:50okay so that trade was in the money so to recap we're seeing the divergence of the signal lines
07:57here on the 80x here and then on top of that uh the winds percent r line crossed below the
08:05minus 80 line
08:06which tells us the strength of the bearish trend is still relatively strong all right so let me pause
08:11the video and look for the next setup okay so i'm on the canadian dollar swiss franc and i just
08:18took a
08:19sell trade or put trade here and similarly to the previous uh video uh previous trade excuse me uh we're
08:28seeing a divergence of the minus red minus di line and the plus di line here you see this growing
08:35separation
08:36we have a strong divergence occurring here which tells me that the bears are more in control and in
08:43addition to that the williams percent r line has crossed below the minus 80 line and is maintaining
08:50uh and staying below the minus 80 line so this tells me that the bearish trend is still strong here
08:57and so the confluence of divergence here of the adx and the williams percent r line crossing
09:06below the minus 80 line uh tells me
09:11the bearish momentum and that trade was in the money okay so i'm gonna pause the video and look for
09:19one last okay so i'm on the usd php otc pair and i just took a cell trade here and
09:29the reason why i took
09:30the cell trade is we're seeing a grow a divergence here a growing divergence of the minus uh the red
09:40minus
09:41di line with the plus green di line here in other words the separation of the lines here the signal
09:48lines in addition to that the wins percent r line is holding steady below the minus 80 line that is
09:55crossed below and it's holding steady plus we're seeing an overall bearish trend here in the price
10:03of the currency pair here so these confluences suggest a continued bearish push to the downside over the
10:12next 60 seconds so let's monitor this trade and okay that trade was in the money all right so i'm
10:20going to end the uh the trading session here uh we had pretty decent session uh if you like the
10:27video
10:27please give it a thumbs up uh comment if you have any questions about the strategy subscribe to my
10:34channel if you want to keep up to date with my latest trading strategies uh also i've been risking
10:42about one percent of my capital on each trade uh the the whole idea is that uh we don't want
10:48to risk
10:48high percentages or of our capital because uh risking high percentages can you can lead to a huge losses also
10:57so the idea is that we want to grow our accounts slowly but surely over the long term okay this
11:05is
11:05not a get rich quick scheme uh so yes i also have a link to the platform uh the pocket
11:15option trading
11:15platform in my video comments and or in the channel description or the channel bio open uh start with
11:24the demo account so you can practice trading um so yeah thank you for watching gush schmidt
11:34adx will set our trading strategy
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