00:01In this video, I'm going to be trading OTC currency pairs, utilizing three indicators,
00:09the ADX indicator, the Williams Percent R indicator, and the MACD indicator.
00:15Gus Schmidt here, and I'm back again with another trading video.
00:18So today I'm on the pocket option platform, and I'm going to be trading OTC pairs, currency
00:26OTC pairs.
00:27So if we click on the assets icon at the top left here, pocket option has various assets
00:34available to trade.
00:35They have currencies, cryptocurrencies, commodities, stocks, and indices.
00:41So since I'll be focusing on OTC pairs, I've already checked off the OTC pairs that are available
00:48to trade on the platform.
00:51That way they can show up at the top of the chart here.
00:55Here, when you check off the star icons, and I can quickly go through each pair and analyze
01:02them individually here.
01:05Okay.
01:06So I'm going to be utilizing three indicators.
01:09The first indicator is the ADX indicator.
01:12So if we click on the indicator icon here, the ADX indicator is here, the Williams Percent R indicator
01:26is down here, and the MACD or Moving Average Convergence Divergence indicator is here.
01:38Alright, so for the ADX indicator, when I click on the pencil icon, I have the ADX smoothing
01:47set to 14, and the DI length set to 7, and in the style settings, I have disabled the ADX
01:55line.
01:56We're not going to need that.
01:57It's enabled in the default settings.
02:00And then I've increased the line width for the plus DI line and changed the color to green
02:05two pixels.
02:06The minus DI line, I've changed the color to red two pixels.
02:12Okay.
02:13We can go ahead and save that.
02:15For the Williams Percent R indicator or the Williams Percent Range, I've set the period to 7,
02:21and in the style settings, I've only changed the line width of all the lines to two pixels
02:30each, 2px.
02:31Alright, so we can go ahead and save that.
02:33And for the MACD indicator, I've maintained the default settings, fast period 12, slow period
02:4426, signal period 9.
02:47Okay, and then for the style settings, I've maintained all the default settings, so we
02:54can go ahead and save that.
02:56For the candlestick charts, I've changed the candles to Japanese, 30-second candles, 30-second
03:09regular Japanese candles.
03:11And for my trade timer, I'm going to be setting it to two minutes, so I'll be taking two-minute
03:18trades while looking at these 30-second Japanese candles.
03:22Alright, so what I'm going to do now is I'm going to pause the video and look for some trade
03:27setups.
03:31Okay, so I'm on the USD-EGP-OTC pair, and I just took a sell trade here.
03:38And the reason why I took the sell trade, first of all, we're seeing a bearish trend occurring
03:44currently in the price of the currency pair here.
03:47And then secondly here, if you see the divergence, the ADX, the divergence of the two ADX lines
03:53here, a growing divergence.
03:56And then if we look at the Williams-Percent R line, we're seeing that it's holding steady
04:01below the minus 80 line, which tells us that the strength of the current bearish trend is
04:08strong.
04:09And then if we also look at the MACD indicator here, we're beginning to see these red histogram
04:16lines growing in length here and printing below the zero line.
04:22So all three of these four confluences, actually, when we take into account the price action,
04:29the divergence, the ADX divergence, the strength of the Williams-Percent R telling us the strength
04:37of the bearish trend and the MACD indicator, printing histograms, growing histograms below the zero
04:45line, suggests a continued bearish push to the downside in the price of this currency pair.
04:53So let's monitor this trade and wait for the expiration.
05:28Okay, so that trade was in the money.
05:30All right, so I'm going to pause the video and look for our next setup.
05:36Okay, so I'm on the USD-CAD-OTC pair, and I just took a sell trade.
05:44Now, similarly to the previous trade here, we're seeing with the price action, we're beginning
05:51to see a strong bearish trend here starting to occur.
05:55And then the ADX indicator is showing us a growing divergence between the lines here.
06:04If you notice.
06:07Thirdly, we have the Williams-Percent R holding steady below the minus 80 line, which tells
06:12us that the strength of the bearish trend is still relatively strong.
06:17And then the MACD indicator, the histograms are printing below the zero line here.
06:25So all of these confluences suggest a continued bearish movement to the downside over the next
06:32two minutes.
06:33So let's monitor this trade and wait for the expiration.
06:37Okay.
06:59So let's go.
07:06So let's go.
07:27okay so we lost that trade although all these
07:33okay so i'm on the great british pound or c dollar otc pair and i just took a buy trade
07:39here
07:40and the reason why i took the buy trade is if we're looking at the price action here we're seeing
07:45a
07:45current bullish momentum here in the candles from bottom left to top right secondly the adx
07:54the the plus di line is holding steady above the minus di line here
08:01then we have the wins percent r line holding steady above the minus 20 line here
08:07which suggests that the bullish trend is relatively strong
08:12and then we have the macd at the bottom here the candles although thinly printing they're still
08:19printing above the zero line here so all these confluences suggest a continued bullish
08:26push to the upside over the next two minutes so let's monitor this trade
08:31and wait for the expiration i also took three trades here and that's to help recover the loss of the
08:58okay so all three trades were in the money okay so i'm on the canadian dollar swiss franc otc pair
09:08and i just took a sell trade here and the reason why i took the sell trade is
09:14first of all the price action is showing a start of a bearish trend here then we have the adx
09:22line
09:23the adx indicator showing a growing divergence between the minus di line here the red minus di line in the
09:30green plus di line a growing separation of the lines then if we look at the winds percent
09:37r line it's showing the line holding steady below the minus 80 line or hovering at around the minus 80
09:46line here
09:47so
09:50then we also look at the
09:55macd line here the macd histogram
10:00and that's telling us if we look at the the lines here they're sloping downward so
10:08these three confluences
10:12really four confluences suggested continued bearish push to the downside over the next two minutes in
10:20the price of the currency pair so let's uh monitor this trade and wait for the expiration
10:25correction
10:27so
10:37you
10:38you
10:38you
10:38you
10:58okay so that trade was in the money all right so i'm going to pause the video and look for
11:04our next
11:05setup okay so i'm on the usd idr otc pair and i just took a buy trade here and the
11:18reason why i took the
11:19buy trade is first of all if you look at the price action here there appears to be a growing
11:27bullish
11:28trend the start of a bullish trend here whereas previously the price had been consolidating with
11:37no clear trend secondly the adx indicator is showing us a divergence between the lines
11:50then if we look at the whims percent r line here it's holding steady above the minus 20 line
11:56which suggests the the strength of the bullish trend is still relatively strong
12:02and then thirdly the macd line the macd indicator histogram lines are printing above the zero line
12:10here and the the signal line the macd line and the red signal line are both trending upwards
12:19so this suggests a continued bullish push to the upside in the price of the currency pair
12:28so let's monitor this trade and wait for the expiration
12:34you
13:00okay so that trade was in the money all right so let me pause the video and look for the
13:06next
13:06trade setup
13:10okay so i'm on the euro usd otc pair and i just took a sell trade here
13:16and the reason why i took the sell trade is we're seeing a bearish trend in the price of the
13:23otc pair
13:24here from on the chart from top left to bottom right then if you look at the adx line the
13:33minus di line
13:35is diverging from the plus green di line then we have we look at the whims percent r line it's
13:42holding
13:42at around the minus 80 line here dipping below but it's holding at the minus 80 line then if we
13:52look at
13:52the macd indicator here the bars are printing below the zero line here
14:01so all of these confluences suggest a continued bearish push to the downside
14:06so let's monitor this trade and wait for the expiration
14:31so let's monitor this trade in
15:03so
15:05okay so that trade was also in the money all right so i'm going to pause the video and look
15:11for one
15:11last setup okay so i'm on the usd russian ruble otc pair and it's by trade here and the reason
15:25i
15:25took the by trade is we're seeing a divergence of the green plus di line and the minus di line
15:33here
15:33uh growing separation of the two lines here the beginning of a bullish trend occurring here
15:41the price had been consolidating here ranging but we're beginning to see this the beginning of a
15:49bullish trend secondly here the well the winds percent r line has crossed above the green minus
15:5720 line here suggesting that the bullish trend is relatively strong and then if we look at the macd
16:06indicator here the histogram lines are growing in length uh and printing above the zero line along
16:14with the the green macd line and the signal line the red signal line sloping upwards so all
16:24these confluences suggest a continued bullish push to the upside in the price of uh usd rub
16:33russian ruble over the next two minutes so let's monitor this trade and wait for the expiration
17:02okay so that trade was in the money so i'm gonna end the trading session here uh if you like
17:09the video
17:09please give it a thumbs up subscribe to my channel if you're interested in keeping up with my latest
17:15trading strategies i have a link to the trading platform in the video comments and or in the channel the
17:25video
17:26description or the channel bio
17:29also i wanted to make note that i've been risking about one percent of my capital uh except for the
17:37the trade where i took the three trades in order to help recover the loss of the previous trade
17:46uh you want to grow your account slowly but surely so we don't want to risk huge amounts of our
17:52capital
17:53because you will incur losses occasionally and those losses if you risk too much uh they'll result in
18:01uh huge losses as well so the idea is to grow your account slowly but surely um
18:10so yeah this is the trading strategy that i've been utilizing for the past few weeks it's been
18:16really working well for me and um i hope you like it so i'll see you in the next video
18:22gus schmidt
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