00:00In this video, I'm going to be trading regular currency pairs utilizing the ADX indicator,
00:09the WIMS% R indicator, and the MACD indicator. Gus Schmidt, and I'm back with a new trading video.
00:17So today I'm on the pocket option platform, and I'm going to be trading regular currency pairs
00:23on the platform here. So if we click on our assets icon here to the left, the pocket option has
00:30various
00:31assets available to trade. They have currencies, cryptocurrencies, commodities, stocks, and indices.
00:38I'm going to be focusing on regular currency pairs. So when we click on this icon here, a drop-down
00:44menu
00:44pops up, and I've already checked off all my regular currency pairs. I won't be trading the OTCs
00:52or the synthetic currency pairs. Okay, so I'm going to be utilizing three indicators.
01:00The first indicator is the ADX indicator. If we click on our indicator icon here, the first indicator
01:07is the ADX. The second is the WIMS% R, and the third is the MACD here. So if we
01:14click on all three
01:15of these indicators, the indicators show up at the bottom of the chart here. For the ADX indicator,
01:22if I click on the pencil icon here, I have my ADX smoothing set to 14, DI length set to
01:307,
01:31and in the style settings, I've disabled the ADX line here. It's enabled in the default settings.
01:38For the plus DI line, I've changed the color to green, two pixels, and for the minus DI line,
01:43I've changed the color to red, two pixels, line width, so we can go ahead and save that. For the
01:51WIMS% R indicator, I've set the period to 7, and in the style settings, I've increased the line width
01:59for all three of the lines to two pixels each. The minus 20 line, green, two pixels. The minus 80
02:06line,
02:07red, two pixels. Main line, turquoise, two pixels. So we can go ahead and save that.
02:15For the MACD indicator, if we click on the pencil icon here,
02:23I've maintained the default settings, which are fast period 12, slow period 26, and signal period 9,
02:31and in the style settings, I've increased the line width of the MACD line to two pixels green,
02:37and for the signal line to red two pixels. So we can go ahead and save that.
02:45For my candlestick charts, I've clicked on the candlestick icon here. I've set the candles to 30
02:53seconds as 30 Japanese candles, and for my trade timer, I'm going to be taking two-minute trades,
03:02so I've set it to two minutes while looking at 30-second Japanese candles. Okay, so what I'm
03:08going to do now is I'm going to pause the video and I'm going to look for some trade
03:13setups.
03:18Okay, so I'm on the Great British Pound, Swiss franc currency pair, and I just took a buy trade here
03:24or a call trade. And so the reason why I took the trade here is we're beginning to see a
03:30bullish
03:31momentum here, a price action here in the price of the currency pair, number one. Number two,
03:38there's a growing divergence of the ADX lines here, the plus DI line and the minus DI line.
03:43It's showing an increasing separation. Then we have the Williams percent R line crossing over the
03:50green minus 20 line here and holding steady. And then third, the MACD lines, the green signal line,
03:59and the red line here are sloping upwards here. And then also, if we look at the histogram bars,
04:08they're printing above the zero line here. So all of these confuences suggest a continued bullish trend
04:17to the upside over the next two minutes. So let's monitor this trade and wait for the expiration.
04:39Price is pushing upward. We want to trade with the trend,
04:44but we also want to trade with the trend. We don't want to trade against the trend.
04:54Divergence is increasing here. I took the trade like right around here when I saw a sharp divergence
04:59here. That's the signal that tells me to take the trade as long as the trend is in alignment
05:07with all the other indicators here.
05:16Okay, so that trade was in the money. All right, so I'm going to pause the video and look for
05:22the next trade setup.
05:27Okay, so I'm on the US dollar Swiss franc currency pair, and I just took a buy trade here.
05:35And the reason I took the buy trade is
05:39I saw that the price closed above this previous level of resistance here.
05:48And, you know, we're seeing a general bullish trend in the price of the currency pair, number one.
05:53Number two, I took the trade when I noticed the sharp divergence of the two ADX lines here.
06:02Third, we have the wins percent R line
06:06printing above the minus 20 line here, the green minus 20 line.
06:11And then we have the MACD line,
06:16the green MACD line crossing over the red signal line here in an upward direction.
06:21And also the candles have begun to print above the zero line here.
06:27So all three of these, all four of these confluences suggest a continued bullish
06:33momentum to the upside in the price of the currency pair over the next two minutes.
06:40So let's monitor this trade and wait for the expiration.
07:00I just wanted to take note that I, I waited for the, this candle also to close above
07:07this previous level of resistance here in this candle here, because it could have been a level
07:15of resistance and the price could have reversed downwards, but I was confident.
07:23Okay. So that trade was in the money.
07:27So let me pause the video and look for the next setup.
07:31Okay. So I'm on the U S dollar Canadian dollar currency pair.
07:36And I just took a buy trade here.
07:39Okay. And the reason why I took the buy trade,
07:41first of all, if we look at the price action, we're seeing a general bullish push here from
07:49bottom left to top right. Also, I waited for this candle to close above the wick of
07:59these two candles here, which suggests a potential level of resistance here, right?
08:08Secondly, there's a divergence of the ADX lines here. I waited for a sharp divergence.
08:16And then here, if we look at the wind's percent R line, it's holding steady above the minus 20 line
08:24here, the green minus 20 line. And then thirdly, we're beginning to see the MACD histogram lines print
08:32above the zero line. And there's a slight bullish slope, positive slope here in the MACD indicator.
08:44So all of these confluences suggest a continued push to the upside in the price of the currency pair.
08:53It's sort of flat lined already, but I'm anticipating a push upwards over the next two minutes. So let's
09:01monitor this trade and wait for the expiration.
09:05Okay.
09:27Okay. So that trade was in the money. There was a final last push and
09:34as you can see here, it seems to be continuing to push upwards.
09:41All right. So let me pause the video and look for the next trade setup.
09:50Okay. So I'm on the great British pound, US dollar, and I just took a buy trade here.
09:59And the reason why I took the buy trade is primarily, first of all, we're beginning to see it looks
10:06like
10:06a reversal here, the start of a bullish trend here. The price had been showing some bearish momentum,
10:14but around this area here, we begin to see a bullish reversal here. Secondly, I noticed the sharp
10:23divergence here of the ADX line here. If you see the growing separation of the lines between the green
10:29plus DI line and the minus DI line here. Then the Williams percent R line is printing
10:39above the minus 20 line here, telling us that the relative strength of the bullish trend here is
10:46relatively strong. And then here, I began to see the histogram lines print showing growing
10:56histogram line widths here and the MACD lines sloping, both the MACD line and the signal line
11:06sloping in an upward direction. So I went ahead and took the buy trade.
11:11So let's monitor this trade and wait for the expiration.
11:42Okay. So that trade was in the money. All right. So I'm going to pause the video
11:48and look for one last setup. Okay. So I'm on the Canadian dollar, Japanese yen currency pair,
11:59and I just took a sell trade here. And the reason why I took the sell trade is
12:06the price. First of all, I noticed the divergence in the ADX line here and ADX lines here, a sharp
12:14divergence between the lines. Plus, if we look at the price action, we're seeing a general bearish
12:21trend in the price of the currency pair at the moment. And then if we look at the Williams percent
12:27R,
12:27it's the signal line has pushed below the minus 80 line here, which suggests the relative strength of
12:36the bearish trend is still relatively strong. And then the MACD lines are sloping downwards
12:46here. If you look at the green MACD line and the red signal line have begun to slope in a
12:52downward direction.
12:54So all of these confuences suggest a continued bearish momentum to the downside in the price of the
13:03currency pair. So let's monitor this trade and wait for the expiration at the end of the two minutes.
13:49okay yes so that trade was in the money so yes if you like this trading strategy please give
13:54it a thumbs up subscribe to my channel if you're interested in keeping up to date with my latest
14:00trading strategies i have a link to the trading platform in either in the video comments or in
14:07the video description or the channel bio i also wanted to make note that i've been trading about
14:14just about a little under one percent of my capital here the whole idea is with trading
14:21these options you want to get at least a 66 to 70 percent uh win rate and that way you're
14:29able to
14:29grow your account if we take huge percent if we take trades a huge percent of huge percentages of
14:36our capital that can lead to to huge losses as well the whole idea is we want to grow our
14:42account
14:43slowly but surely and this is why i practice proper risk money management and i'll see you in the next
14:49video gush
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