REVEALED: My Personal Trading Process (and... how YOU can use it)
Published: 2019-06-13
Status:
Available
|
Analyzed
Published: 2019-06-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker's goal for 2019 was to help 1000 traders become profitable.
"throughout 2019 is my main goal to create 1000 profitable traders"
Pending
A trade on EUR/NZD, based on the Optimal Trading Zone (OTZ) system, generated over 300 pips profit after the market pulled back to a specific structural resistance zone (1.6961 - 1.6911).
"this trade was based on the exact system I'll be teaching you today which is why we're gonna be talking about it and the technical analysis behind it along with the entire system we used and I'm gonna be teaching that system to us we talked about before the intro but beforehand just to show you this was not in hindsight we actually trade based on this I'm gonna show you the pro trader report that was sent out about a week ago we send this to traders involved in the pro trader report every single Monday and as you can see this is pro trader report if you'll read along with me says here only euro New Zealand this bear has been in a nice uptrend and is currently trading above the EMA 50 EMA but it's heading back down to the most previous level of structural resistance that was broken in the Green Zone we talked about this by zooming on the chart you can see that this Green Zone is between one point six nine six one and one point six nine one one we go back over to the chart what does this zone and one point six nine six one one point six nine one one so as you can see we actually sent out this alert on a Monday and now this market came down into that zone and pushed up over 300 pips from the zone that we alerted showing you that's not in hindsight"
Pending
The described trading system is applicable across all time frames.
"this is applicable on all time frames I'll get into that a little bit later"
Pending
The speaker demonstrates how to backtest the trading system by identifying 123 moves on the daily chart, defining zones from broken structural levels, and marking the candle that breaks structure with a vertical line to indicate the start of the backtesting period for that zone. This process is then repeated for subsequent moves.
"we'll just start right here so at this right here this is going to be our low and what we're gonna do is see do we have a one two three move yes okay we have a one two three move in that one two three move actually happened right here we got the break and close above right there so that would be our one two three and then we keep going forward and higher so what we have to do is after that one two three move let's draw that out one more time one two three where's our most previously broken level structure in this uptrend right here we just defined it as an uptrend with a one two three move and our most previously broken level structure is here so a result one would look something like that let's do it with our horizontal line tool right there is our zone and in order to back test this in order to validate this trading system what I do is create my zone and then I'll grab a line and now place a horizontal excuse me a vertical line on the candle that breaks the structure that candle that breaks structure I have the horizontal line excuse me the vertical line there because I know after this vertical line I'm gonna start looking for possible trading opportunities and I do that over and over the next 1 2 3 move we have and the next move into structure is here here and up to here with that being the case our zone is going to be right there so we'll draw that out with two horizontal lines our zone looks like this and we'll go a little bit lower so that is our next trading zone and what candle breaks that trading zone this one right here so I know if I go back through historical data you'll see why this is relevant that I'm gonna be trading and looking for trading opportunities in this zone after this verse a verse on achill what word was that after this vertical line and then we're gonna continue doing this same exact process we have our 1 2 3 after that 1 2 3 our most recent level of resistance that was broken was right here so with that being the case we take a horizontal line go a little bit above the wicks of those candles a little bit below the bodies and now we find the candle that broke that level of structure it's right here now what we're gonna do is drop down to a smaller time frame this is how you verify the trading system go through historical data doing exactly what I just did then if you want to do the same way I do it a swing trade I go from a daily chart to a 4-hour chart or 1-hour if I don't see an entry on the 4"
Pending
The speaker illustrates a trade execution by moving from the daily to the 1-hour chart for EUR/NZD. After the vertical line (indicating the break of structure on the daily), the market pulls back into the defined zone and forms a hammer candlestick, triggering an entry. A 1 ATR stop-loss was used, and targets were set at previous resistance, resulting in a 3.9 risk-reward ratio. The strategy leverages higher time frame trend continuation with lower time frame entry timing.
"so I'm just gonna move my chart sideways and look for possible trading opportunities now right here we did not get a possible trading opportunity on the 4-hour chart so what I would do with this specific system that I'm teaching you right now is instead of being here on the 4-hour chart if I don't get an entry reason at all I would go all the way down to a one-hour chart let's do that now so heading down to one-hour chart it's gonna take a little bit of scrolling bear with me bear with me here we are on that one-hour chart and there we go we break that horizontal excuse me vertical line getting those confused as well today for some reason we break that vertical line and we pull back and remember I'm waiting after the break of that vertical line for this zone to be hit that's gonna align the Stars up for me to look for an entry reason the zone gets hit right here and as we push down we get nothing until when we push down here and we end up getting this very nice hammer candle at the bottom of our zone the Stars have aligned we've gotten an entry reason now all that's left to do is place stops and targets let's say you use a hammer candlestick as your entry and you're an aggressive trader you would just place a trade at the close of that hammer candlestick pattern you would do a 180 are below the entry if you are an aggressive trader 24 pips below 15 would be 35 40 pips on the stop-loss around 41 pips and again multiple targets are possible you could take targets at that previous resistance level and just doing that would give you a 3.9 risk reward ratio hopefully now you're seeing the power of this the reason this is so powerful is you're looking for trade continuation on higher time frames while looking for your stops and targets on lower timeframes and that gives you a very positive risk reward profile of 90 percent of the time"
Pending
A second example of backtesting is provided, where after a daily chart break of structure (vertical line), the market pulls back to the defined zone on the hourly chart, forming a double bottom for an entry. Stops are placed below this structure, and targets are set at previous resistance, aiming for a 3:1 reward ratio. This reinforces the strategy of using daily for conditions and 4-hour/1-hour for entries.
"let's take a look at the next one remember we have to wait this is newse home right here and i will draw this out this is our new zone but we can't trade in it until we get the break and close on the daily chart which is our vertical line this is the importance of doing that in our back testing scenario in our validation scenario so we get that we get our vertical line the market comes back down to that vertical line right here at this point as we push down this is our zone right here and in this area of what do you see what do we end up getting we get a pushdown we get a one bottom we get two bottoms right there a nice double bottom scenario for entry possible entry stops will be down here targets again could go back up that previous structure resistance right up here let's just play that out and see what it looks like on the chart and this will be the last example I show you on this time frame we'll talk a little more about how to build a trading plan around this as well you'd be looking somewhere around a three to one reward on this as well on the specific trading opportunity from the hourly chart using that chart to place your entry stops and targets while using the daily chart for possible conditions where it comes to in a trending market for condition number one creating your zone for condition number two and pulling back to that zone for condition number three that's the stars aligning looking for entries on 4-hour and one-hour chart"
Pending
The Pro Trader Report service, costing less than a tank of gas, provides subscribers with 3-5 trading opportunity zones every Monday, along with a full training course on the Optimal Trading Zone system and other trading strategies.
"if you want me to do some of this work for you if you want to speed up this process of you creating a successful career I'll put some testimonials on the chart for the pro trader report and the pro trader report also put a couple of examples of the pro trader report up like the one we did for the euro New Zealand last week this program costs less than the tank of than a tank of gas in a car and what I do is send you my top three to five trading opportunities zones for every single week so every single Monday you'll receive my top three to five trading opportunities zones and that will be highly beneficial I'm sure you can see how beneficial that would be and also you get a full training course that goes over in much more detail exactly what we talked about today when it comes to the process the trading system behind the optimal trading zones behind the three times tested zones of structure that I use so often in my trading to create success so to get all of that to get access to all of that for less than the price of a tank of gas in a car learn more about it by clicking the link in description labeled pro trader report you'll land on a page that will teach you a little more about exactly what the pro trader report is included in that program exactly what's included in there"
Pending