00:01Gus Schmidt and I'm back again with another trading video so today I'm on
00:08the pocket option platform and I'm going to be taking some trades utilizing
00:15re-indicators and a little bit of price action okay so what you see here is I'm
00:22on the pocket option trading platform and I'll be trading regular currency
00:28pairs so if we click on our currency assets icon here pocket option has
00:36various assets available to trade they have currencies cryptocurrencies
00:40commodities stocks and indices but today we're just going to be focusing on
00:46regular currency pairs and so what I've done is I've highlighted all the regular
00:54currency pairs here so that they can appear at the top of the chart here so
00:59I can quickly go through and analyze each of the pairs quickly okay so I'm gonna be
01:08utilizing three indicators the first indicator if we click on the indicator
01:15icon right here is the ADX indicator the second indicator is the Williams percent
01:25are which is
01:31right here
01:33and the final indicator is the MACD or the moving average convergence divergence
01:40indicator so once you click on each of the indicators they show up at the bottom
01:44of the chart here and so for my ADX I have the ADX moving set to 14 and the DI
01:53length set
01:54to 7 and the style settings I've disabled the ADX line we're not going to need that
02:01it's enabled in the default setting so I've set the plus DI line to 3 pixels green and the minus
02:10DI line to 3 pixels red
02:13for the Williams percent R indicator here
02:23I have the setting
02:28I have the setting set to period 7 and in the style settings I've increased all the line widths of
02:36each of the lines to 3 pixels each here
02:41and for the MACD indicator I've kept all the default settings here fast period 12 slow period 26 signal period
02:509
02:50in the style settings
02:55we maintain everything to the default settings go ahead and save that
03:00for my candlestick chart
03:05I have the candle set to 30 seconds regular Japanese candles here
03:11and for my trade timer I've set it to 2 minutes
03:17so I'm going to be taking 2 minute trades while looking at these 30 second Japanese candles
03:24ok so what I'm going to do now is I'm going to pause the video and look for some trade
03:32setups
03:36ok so I'm on the great British pound Japanese yen
03:42and I just took a call trade a buy trade here
03:46and the reason why I took the trade is
03:48first of all
03:50what I'm looking for is a divergence of the
03:52green plus DI line and the minus
03:55red DI line here
03:57an increasing divergence
04:00secondly
04:01we're looking at the Williams percent R line
04:05crossing over the green minus 20 line here
04:08which suggests that the
04:09the current trend is strong
04:13and then thirdly
04:15when you look at the MACD line
04:16we have the growing histogram lines here
04:19and that the
04:22MACD line
04:23the green MACD line
04:24crosses over the
04:26red signal line here in the upward direction
04:28so all three of these confluences
04:32suggest that there's going to be a continued bullish trend to the upside
04:36in the price of the great British pound Japanese yen
04:40over the next 2 minutes
04:43so let's monitor this trade
04:45and wait for the expiration
05:07I don't necessarily need to wait for the cross
05:11what the key method here is to wait for the
05:15you see a sharp divergence
05:18here
05:19so I saw the divergence here between these two lines
05:23and so that's when I went ahead and took the trade
05:27the Williams percent R line just confirms the strength of the trend
05:32the current trend
05:33and
05:33that trade was in the money
05:35alright
05:36so I'm going to pause the video and look for the next
05:39setup
05:40ok
05:41so I'm on the US dollar Japanese yen currency pair
05:44and I just took a sell trade here
05:47and the reason why I took the sell trade
05:50I looked for
05:51there's a sharp divergence here
05:53between the minus DI line
05:56and the plus DI line here
05:58and then
05:59we have the Williams percent R line
06:02hovering around the minus 80 line
06:05so this tells me that the relative strength of this bearish movement
06:10is strong
06:12and then for the MACD
06:14we're seeing a growing
06:18histogram lines here developing
06:20and that the
06:24these three confluences
06:25all these three confluences suggest that
06:28there's going to be a continued bearish trend to the downside
06:33over the next two minutes
06:35so let's monitor this trade
06:36and wait for the expert
06:39in the Google
06:39and the other
06:39thinks of
06:39how early
06:39the
06:39the
06:39I
06:40I
06:41I
06:41I
06:43I
07:25Sharp, bearish candle here, which is a good sign.
07:30We have a few seconds left in the trade.
07:35Okay, great.
07:35So that trade was in the money.
07:37All right.
07:38So I'm going to pause the video and look for the next setup.
07:43Okay, so I'm on the U.S. dollar, Swiss franc, and I just took a sell trade here.
07:49And the reason why I took the sell trade is, first of all, we're seeing a bearish price action overall
07:56in the price of the currency bear.
07:57And then I took the trade when I noticed an increasing divergence of the two signal lines here.
08:05And then third, when I took the trade, the Williamson R line was hovering around the minus 80 line.
08:15So this suggests to me that there's going to be a continued bearish movement to the downside.
08:24And then we have the histogram lines printing here on the MACD, the histogram lines printing below the zero line
08:33here.
08:34So let's monitor this trade and wait for the expiration.
08:44So let's monitor this trade and wait for the expiration.
09:31So let's monitor this trade and wait for the expiration.
09:38Okay, great.
09:39So we won that trade.
09:41If you notice that last bearish push down.
09:45All right, so I'm going to pause the video and look for the next trade setup.
09:49Okay, so I'm on the Great British Pound, Aussie Dollar.
09:53And I just took a buy trade here.
09:56And the reason why I took the buy trade is, look at the growing divergence of the ADX lines here.
10:08Growing separation of the lines.
10:10Once I noticed the sharp divergence occurring, I went ahead and took the buy trade.
10:14Plus the waves were sent, our line is telling us by crossing over the minus 20 line here, the green
10:21minus 20 line, that the relative strength of the trend is still strong.
10:26And then here on the MACD signal line here, it's telling us the candles are printing above the zero line.
10:35Although we're seeing red candles, what we want to see is the candles continue to print above the zero line
10:42here.
10:43So let's monitor this trade and wait for the expiration at the end of the two minutes.
11:20We're also looking for the trend.
11:24We want to trade with the trend.
11:25Over here, there was, the price was consolidating.
11:29But then we started to see an increasing bullish trend here.
11:33So that's also important when you're taking trades.
11:38You want to trade with the general trend, the current trend of the currency pair.
11:44Okay, so that trade was in the money.
11:47All right, let's pause the video and look for our next setup.
11:52Okay, so I'm on the Aussie dollar, Japanese yen, and I just took a buy trade here.
12:00And the reason why I took the buy trade, we're beginning to see a bullish movement occurring here in the
12:07price.
12:08And then what I'm looking for here is the divergence of the ADX lines here.
12:15Secondly, the women's percent R line has crossed above the minus 20 line, which suggests the bullish trend is relatively
12:25strong at this point.
12:27And then also, if you look at the MACD line, the signals, the histogram bars are printing above the zero
12:38line.
12:39So all three of these confluences, well, really four, when you think about the price action, the ADX divergence, the
12:48strength of the women's percent R line,
12:50suggests a continued bullish movement to the upside over the next two minutes.
12:58So let's monitor this trade and wait for the expiration.
13:49Okay, great.
13:49So we had that last bullish candle that pushed us over the top, resulting in a winner.
13:56Okay, let me pause the video and look for one last setup.
14:03Okay, so I'm on the US dollar, Canadian dollar currency pair, and I just took a sell trade.
14:11And the reason why I took the sell trade is if you notice right here, when I saw that increase
14:16in the divergence here of the two lines here,
14:19I went ahead and took the sell trade, plus if you notice the women's percent R line is holding steady
14:26below the minus 80 line.
14:28So this tells us that the strength of the bearish trend is still relatively strong.
14:34And then if we look at our MACD indicator, the histogram lines are growing in length,
14:42and they're printing below the zero line here.
14:45So all of these confluences, including the price action,
14:49suggests a continued bearish trend to the downside over the next two minutes.
14:55So let's monitor this trade and wait for the expiration.
14:59So let's monitor this trade and see if we look at the price action.
15:02So let's monitor this trade and see if we look at the price action.
15:03So let's monitor this trade and see if we look at the price action.
15:08So let's monitor this trade and see if we look at the price action.
15:16So let's monitor this trade and see if we look at the price action.
15:19So let's monitor this trade and see if we look at the price action.
15:20So let's monitor this trade and see if we look at the price action.
15:20So let's monitor this trade and see if we look at the price action.
15:21So let's monitor this trade and see if we look at the price action.
15:21So let's monitor this trade and see if we look at the price action.
15:22So let's monitor this trade and see if we look at the price action.
15:27So let's monitor this trade and see if we look at the price action.
15:46Awesome, look at that.
15:55Trade is about to expire.
15:59Awesome.
15:59So we won that trade.
16:02Strategy works extremely well.
16:04I love pocket option because they have all the indicators right here for you on the platform.
16:10Also, I just wanted to make note that I've been risking about 1% of my capital.
16:15It's part of good money management.
16:17You don't want to risk high percentages of your capital because that could lead to huge losses as well.
16:24So the whole idea is you want to grow your account slowly but surely over time.
16:30So thank you for watching.
Comments