00:01in this video i'm going to be trading otc currency pairs utilizing the adx indicator the williams
00:11percent r indicator and the momentum indicator gush schmidt here and i'm back with another video
00:17so today i'm on the pocket option platform and i'm going to be trading otc currency pairs today
00:24so if we click on the assets icon here to the left pocket option has various assets available to
00:32trade they have currencies cryptocurrencies commodities stocks and indices we're going to
00:37be focusing on the currencies so if i click on the currency icon here this drop down menu shows up
00:43and what i went ahead and did i checked off and highlighted all the
00:50current otc pairs that i'm not going to analyze so when you when you highlight the stars here
00:58the assets appear at the top of the chart here so you can quickly go through each asset and analyze
01:07the charts here okay so i'm going to be utilizing three indicators so if we click on the indicator icon
01:17here the three indicators are the adx the wims percent r here and the momentum indicator so i check off
01:27each of them and so the indicators show up at the bottom of the chart here and for the adx
01:34indicator
01:38in the settings i've uh set the adx smoothing to 14 and the di length to seven and in the
01:46style settings
01:47i've disabled the adx line i'm not going to need that and for the plus di line i've set the
01:53color to
01:53green three pixels line width and for the minus di line i've set the color to red with the three
02:00pixel
02:01line width so we can go ahead and save that for the williams percent r indicator i've set the period
02:09to
02:09seven here and in the style settings i've increased the line width of all of the lines to three pixels
02:16each here if you notice the green three pixels the minus uh 20 line is green three pixels and the
02:23minus
02:2380 line is red three pixels uh so we can go ahead and save that for the momentum indicator
02:32i've set the period to seven and in the style settings i've uh and if we click on the main
02:40line
02:41gear here i've set the the line chart to histogram instead of the line
02:49i'm going to be using the histogram lines here and i've set the uh the the width of the histogram
02:58lines of three pixels here uh so we can go ahead and save that setting okay now for the candlestick
03:08charts
03:09i have the candle set to 30 seconds as 30 regular japanese candles here and for my trade timer to
03:19the
03:19right i've set the trade time to two minutes so i'm going to be taking uh two minute trades or
03:27120 second
03:28trades while looking at 30 second uh japanese candles okay so what i'm going to do now is i'm going
03:34to pause
03:35the video and look for some trade setups
03:41okay so i'm on qar cny otc and i just took a cell trade here and the reason why i
03:49took the cell trade
03:49first of all we're seeing a bearish uh trend here in the price here an overall bearish trend in the
03:56price
03:56action number two the adx line is showing a growing divergence between the lines here the minus
04:03red di line and the plus green di line are showing an increasing separation also known as a divergence
04:12and then what we have here is the williams percent r line crossing below the minus 80 line red minus
04:1880
04:18line here in a downward direction so that tells me the momentum of the bearish trend is still relatively
04:24strong and finally if we look at the momentum indicator here we're seeing uh growing histogram
04:32lines here uh so all these confuences suggest that there's going to be a continued bearish trend to the
04:40downside in the price of the currency pair over the next two minutes so let's monitor this trade and
04:47wait for the expiration at the end of two minutes
04:52so
05:38okay okay so great thanks honey all right so pause the video and search for the next trade setup
05:49okay okay so i'm on the rc dollar new zealand dollar otc pair here and i just took a cell
05:56trade
05:57and the reason why i took the cell trade here is if you see the adx line there's a growing
06:03divergence
06:05between the minus di line the red minus di line and the the green plus di line the growing separation
06:11of
06:11the lines secondly here the wins percent r line is close to the minus 80 line here suggesting that the
06:20the strength of the bearish uh momentum is relatively strong and then third we have the momentum indicator
06:29uh histogram lines printing below the zero line here so this tells me that there's going to be a continued
06:39bearish trend
06:41in the price of the pair here over the next two minutes so let's monitor this trade and wait for
06:49the expiration
07:10the price uh if you notice here the price has retraced upwards against uh our bet here but i'm anticipating
07:20the price the price will continue to push uh in a downward direction here
07:35please
07:54please
08:08incredible okay so that trade uh was in the money we won that trade
08:15okay it was a close uh trade but at the end here there was that that downward push uh
08:23and we were the price was able to close below the entry line here okay so i'm going to pause
08:28the
08:28video and look for the next trade setup okay so i'm on tnd usd otc pair and i just took
08:38a buy trade
08:39here and the reason why i took the buy trade is the price broke above this level of resistance here
08:50and then we're seeing a divergence of the plus di line and the minus di line here
08:57then also the women's percent r line has crossed above the mine uh the minus 20 line here
09:04suggesting that the bearish trend is is strong and will continue to push upwards and then if you look
09:12at the momentum indicator here the histogram lines are printing above the zero line and are relatively
09:19growing in length so this all these confluences tell me that there's a continued bullish move
09:28to the upside over the next two minutes so let's monitor this trade and wait for the expiry at the
09:35end of the two minutes
09:36and then let's see if you look at the end of the next one you generally want to trade with
10:03the trend
10:04here uh i forgot to mention that in this trade here there's a general bullish trend happening
10:11and the the plus di line here is is showing that
10:26okay so that trade was in the money okay so let me pause the video and look for the next
10:31trade setup okay so i'm on lpd usd otc pair and i just took a buy trade here and the
10:40reason why i
10:41took the buy trade is first of all we're seeing a general bullish trend here in the price of the
10:48currency pair from bottom left to top right and then secondly the adx indicator here is showing
10:55a growing divergence of the lines here then we have the wind percent r line
11:04staying at the near the the minus 20 line here the green minus 20 line and then finally we have
11:12the
11:12momentum indicator printing uh the histogram lines printing above the zero line so this tell me tells
11:21me that there's going to be a continued bullish trend to the upside in the price of the currency pair
11:27over the next two minutes so let's monitor this trade and wait for the expiration
12:11and one final push you see this growing divergence here
12:17of the adx indicator
12:28okay so that trade was in the money to recap we're looking for this divergence of the end of the
12:34adx
12:35indicator and the wind percent are above the minus 20 line on a on a bullish trade here telling us
12:43the
12:43strength is relatively strong on the bullish trade and then the with the momentum indicator showing
12:50growing green candles printing above the zero line okay so i'm going to pause the video and look for one
12:56last setup okay so i'm on kes usd otc and i just took a sell trade here
13:08and the reason why i took the sell trade we're seeing here a general bearish trend in the price of
13:15the
13:15currency pair we want to trade with the trend secondly the adx line there's a growing divergence between the
13:24minus di line and the green plus di line here third we see the winds percent are pushing below the
13:33minus
13:3380 line here telling us that there's a relatively strong bearish signal and then finally the momentum
13:42indicator the histogram bars are printing below the zero line here so this tells me over the next two minutes
13:51there's going to be a continued bearish push to the downside in the price of this this currency pair here
14:00over the next two minute two minutes so let's watch this trade
14:54ok great so that trade was in the money okay so
15:00if you like the video please give it a thumbs up
15:06subscribe to my channel uh give me a comment if you have any questions about the strategy
15:13i have a link to the trading platform in the video comments or in the the video description or the
15:23channel
15:24bio uh i've also been risking uh as part of good money management i've been risking about uh
15:33five percent of my capital here maybe uh probably a little bit less
15:37uh and that's part of good money management we want to grow our account slowly but surely if we take
15:44too much
15:46huge trades they can also lead to uh huge losses so the idea is to grow your account slowly but
15:53surely
15:53uh this is not a get rich quick scheme here um so yes thank you for watching
16:03adx williams percent our momentum trading strategy gushman and i'll see you in the next video
16:08adx williams percent our momentum trading strategy gushman and i'll see you in the next video
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