00:01In this video, I'm going to be trading OTC currency pairs utilizing the Vortex indicator.
00:09Gus Schmidt, and I'm back with a new trading video.
00:13So today I'm on the Pocket Option platform, and I'm going to be trading OTCs, currency
00:19OTCs here.
00:21So if we click on our assets icon to the left, Pocket Option has various assets available
00:28to trade.
00:28They have currencies, cryptocurrencies, commodities, stocks, and indices.
00:33I'm going to be focusing on OTC currency pairs.
00:38So when you click on the currencies icon, the pairs show up in this drop-down menu here.
00:46I've already checked off the various OTC assets here.
00:51When you check them off, the assets appear at the top of the chart here.
00:56So you can quickly go through each of the assets and analyze them quickly and efficiently.
01:03So I'm going to be utilizing one indicator here, and that is the Vortex indicator.
01:08So if we click on our indicator icon, the Vortex indicator can be found here.
01:14You click on that, and the indicator appears at the bottom of the chart.
01:19Now for my settings on the Vortex indicator, I have the period set to 3.
01:27The default setting, I believe, is 14, but I've set it to 3 in order to make the indicator more
01:34sensitive to price reversals and momentum reversals.
01:38In the style settings, I've increased the line width of the VI plus line to 3 pixels green color,
01:45and for the VI minus line to red 3 pixels in line width.
01:51We can save that.
01:53For the candlestick charts, I have my candle set to 15 seconds, regular Japanese candles, S15 here.
02:02And for my trade timer, I have on the right here, the trade time is set to M1 or 1
02:09minute.
02:10So I'll be taking fast 60-second trades while looking at these 15-second Japanese candles.
02:17Now another thing I wanted to mention here for the time frame on the charts here, I have it set
02:22to M34 here.
02:25So you want to set it to about M30 or M34, and make sure when you, if the setting is
02:32not at M30 or M34 to make sure,
02:36all right, so when you save this setting here, make sure the candlesticks continue to stay at S15
02:46because sometimes when you change the chart time frame, the candlestick time frame changes.
02:53So just make sure you got M34 or M30 and S15 on the candles.
02:59So what I'm going to do now is I'm going to pause the video and look for some trade setups.
03:11Okay, so I'm on the USD-RUB or the Russian ruble currency pair here,
03:17and this is the kind of chart that I'm looking for here.
03:22There's price action, but there's generally no trend.
03:26But there's a lot of price action you see here, the price bouncing up and down here.
03:31So this is the kind of chart you want to look for when utilizing this strategy.
03:37So what I'm going to do here is I'm going to wait for the cross of the vortex lines,
03:46the green vortex line to cross with the red vortex line here in an upward direction.
03:54And I'm going to go ahead and take a buy trade here.
03:57So this indicator checks for price reversals as well as the momentum of the price reversals.
04:10Okay, so you see the vortex lines just crossed here.
04:15So I went ahead and took a buy trade.
04:19The plus VI line crossed the red VI line here in an upward direction.
04:24So this suggests there's going to be a bullish reversal here over the next 60 seconds.
04:33So let's monitor this trade and wait for the expiration.
04:44So let's monitor this trade and wait for the expiration.
05:11Okay, so that trade was in the money.
05:13Our prediction was correct.
05:15There was indeed a bullish reversal here.
05:18Okay, so let me pause the video and look for another trade setup.
05:33Okay, so I'm on the LBP USD currency pair.
05:39And similarly to the previous chart here, we're looking for some good price action.
05:46But we're not looking for any general trend in the currency pair.
05:51So as you can see here, this price is coming upon a level of support here.
05:56So I'm going to wait for the cross of the green vortex line and the red vortex line.
06:02Because this is telling me when the lines cross, this suggests there's going to be a bullish reversal here at
06:14this level, somewhere around this level.
06:17So let's keep an eye on this currency pair and wait for the cross.
06:26These are 15-second candles.
06:29So, okay, so we have a cross there.
06:33All right, so I went ahead and took the buy trade here.
06:37If you notice the cross of the plus VI line and the minus VI line.
06:40The plus VI line crosses in an upward direction here, suggesting, like I said, a bullish reversal occurring here at
06:51this level.
06:52So let's monitor this trade and wait for the expiration.
07:26Nicely pushing here.
07:28Just as I predicted, the bullish reversal occurred and that trade was in the money.
07:36Okay, so let's pause the video and look for our next setup.
07:44Okay, so I'm still on the LBPUSD currency pair.
07:49I like the price action that's currently occurring.
07:51And there goes the cross.
07:54So I just took a put trade or a sell trade here at this level.
08:00If you notice here, there's a cross of the minus VI line, the red minus VI line, and the plus
08:06green VI line here.
08:09The red VI line crossing in an upward direction, which tells me there's a bearish reversal that's going to occur
08:17here.
08:18And so far, our prediction is correct here.
08:23So let's monitor this trade and wait for the expiration at the end of the 60 seconds.
08:30Okay.
08:54Wow, that was close.
08:56Okay, so we lost that trade.
08:59It still was a good setup here.
09:02All right, so let's pause the video and look for our next trade set.
09:07Okay, so I'm on NGNUSDOTC, and I'm anticipating a bullish reversal here.
09:17Okay, there we go.
09:19Let's go ahead and take the buy trade here.
09:22At this level, the cross of the green vortex line and the red, the plus VI line and the red
09:29VI line crossing in an upward direction here.
09:33The reason why I took the trade, there was a level of support here.
09:39If you look at the previous setup, previous candles here.
09:45So I was anticipating a bullish reversal here.
09:49So let's monitor this trade and wait for the expiration.
10:21Okay, so that trade was in the money.
10:24So let's pause the video and look for our next setup.
10:30Okay, so I'm on the USDCOP waiting for the cross.
10:42There we go.
10:44All right, so I waited for that sharp cross here.
10:47It kind of crossed, but waited for the bump in the cross here in this particular currency pair.
11:01The general trend here, if you notice, it's kind of in a bullish momentum here.
11:07So I took the trade because I predicted there would be a continued bullish push to the upside with the
11:16reversal level here.
11:18So let's watch this trade and wait for the expiration.
11:43Okay, so that trade was in the money.
11:46All right, let's move on to the next setup.
11:52Okay, so I just took a buy trade on the New Zealand dollar, Japanese yen, OTC pair here.
12:01Saw the cross of the vortex lines, the green vortex line crossing over the red vortex line in an upward
12:09direction.
12:10In addition to that, you know, good price action on the 15-second candles here, no discernible trend.
12:23So predicted the bullish reversal here at this level, and this is exactly what's happened here.
12:32So let's monitor this trade and wait for the expiration at the end of the 60 seconds.
12:50Okay, so that trade was in the money.
12:53If you like the video, please give it a thumbs up.
12:59Subscribe to my channel if you're interested in learning more about my trading strategies.
13:04I have a link to the trading platform in the video comments or in the video description or the channel
13:12bio.
13:14I also wanted to explain good money management as I was only risking less than 1% of my balance.
13:24With this form of trading, in order to grow your account, you need to have at least a 66%
13:34win rate because the average rate of return on these options here, you see some of them are 88, some
13:43are 90%.
13:44So on average, some are less rates.
13:48I tried to pick the highest rates of return.
13:50But in general, if you assume an 80% rate of return on a particular asset, you need to have
13:59a win rate of at least 66% to 70% in order to grow your account.
14:05Okay, you don't want to risk large amounts of capital because when you lose trades, you lose the whole amount.
14:13But when you win, you win a certain percentage, whatever that rate is on that particular asset.
14:20Okay, thank you for watching and I'll see you in the next video.
14:24Gus Schmidt.
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