How i trade the news ( Live trades )

"so we have had plenty of trading opportunities that we were able to take advantage of the first one was a nice little consolidation setup right here that broke out to the downside we were able to put stops above previous structure and targets right down here after that breakout and pull back up into this trend line as you can see right here gave us a pretty good risk reward on that trade we took targets somewhere around there"

"we have had plenty of trading opportunities that we were able to take advantage of the first one was a nice little consolidation setup right here that broke out to the downside we were able to put stops above previous structure and targets right down here after that breakout and pull back up into this trend line as you can see right here gave us a pretty good risk reward on that trade we took targets somewhere around there"

"the next trade setup we had was a nice impulsive move breaking below structure levels which gave us the opportunity to look for a period of consolidation which we got right here and decided to go short on the breakout of that period of consolidation as we normally do"

"this other nice impulsive move down followed by I zoom in it'll be easier to see a period of consolidation or wedge pattern and we'll just do this over and over guys again period of consolidation here day trading on the pound Aussie ever since the news decision our impulse leg followed by consolidation break out of that consolidation impulse leg followed by consolidation and then a break out of that consolidation"

"this has been a very impulsive move down followed by this brief period of consolidation and a breakout of our bottom trend line here we got the breakout we decided to wait on a pull back into the trend line which we got very easily here and as you can see by the blue arrow pointing down that is where we decided to go short and so far the market has went in our favor"

"so I got involved in on that candle and what I'm going to do now is take you to a higher time frame which is going to be the daily chart and then back down to an even lower time frame on the one hour and show you some of the other forms of confirmation I used in order to give me the confidence to take this trade first we'll go out to the Daily and if we delete some of the drawings we have here you'll see it may be a good idea to take these off again I'm sorry guys or make them smaller there we go so if you remember in the beginning of the video I told you that I was going to tell you how I connected a few different things in order to get involved in this trade and one of those things was a simple Candlestick formation that Candlestick formation being an engulfing candle here on the daily chart so as you can see we came down from our news event gap down the next day and then pulled back with two green candles a couple of days of relief from this big bearish move and then we had an engulfing bearish Candle on the daily chart so that gave me a little more confirmation and upon this engulfing Day is when on the 4-Hour chart we broke through our simple pattern flag"

"and now if we look here you will see that we have a another engulfing candle here on the hourly up against the level of resistance and at this point the market is screaming telling us to go short after this engulfing candle but then it gives us even another sign with another simple Candlestick formation this long Wick right here to the upside and this is the candle that made my decision for me once I saw that I decided to short the market with stops placed above our most previous swing High which was here"

"this is called a Fibonacci extension so my decision to put targets here was based on the fact that from our swing High here to our swing low we had a 127 coming in this area and once I notice where this 127 was the 127 extension was right below the 129 even handle so I wanted to get my target just above the 129 even handle"

"here on the pound Aussie since the news event we have had plenty of trading opportunities that we were able to take advantage of the first one was a nice little consolidation setup right here that broke out to the downside we were able to put stops above previous structure and targets right down here after that breakout and pull back up into this trend line as you can see right here gave us a pretty good risk reward on that trade we took targets somewhere around there"

"the next trade setup we had was a nice impulsive move breaking below structure levels which gave us the opportunity to look for a period of consolidation which we got right here and decided to go short on the breakout of that period of consolidation as we normally do"

"this other nice impulsive move down followed by I zoom in it'll be easier to see a period of consolidation or wedge pattern and we'll just do this over and over guys again period of consolidation here day trading on the pound Aussie ever since the news decision our impulse leg followed by consolidation break out of that consolidation"

"impulse leg followed by consolidation and then a break out of that consolidation stops above our previous swing High targets down here and the current trade that we are in now is very similar to the rest of the trades that we just looked at this has been a very impulsive move down followed by this brief period of consolidation and a breakout of our bottom trend line here we got the breakout we decided to wait on a pull back into the trend line which we got very easily here and as you can see by the blue arrow pointing down that is where we decided to go short and so far the market has went in our favor"