This will make you a NIGHTMARE for Banks and Institutions...

"this is going to be a counter trend strategy what that means is that the market is going to be going down if you're going to buy it and going up if you're going to sell it"

"the first condition we have is going to be that the market must be its structure we harp on this a lot in today's video I'm going to give you a full strategy so stick around if you used to be saying structure that's not the only part we're going to talk about we want to look at two different things when looking at structure how recently was that level of structure tested like here on the pound yen that we're looking at at this moment this was the most recent level of resistance the second thing we want to look at is how many times was this level tested scrolling the chart back you can see that this level held as support multiple times in the past"

"if I'm gonna be day trading and I'm gonna day trade a counter trend system this is what I do first I look at a daily chart I ask myself are we at a recent level of structure that has been tested multiple times that answer becomes yes or no if that answer is no I do nothing I don't trade that specific currency pair I'll let that one go I sit on my hands instead of trading patience pace patience is a huge part of trading so be patient if that's not the case but for me if that is the case in fact is the case then what I like to do is drop down to smaller timeframes I normally start with dropping down to about a four hour time frame I'll drop down to a four hour time frame ask myself is there an entry I have my line pointed out I know I'm at a level of structure I'm paying attention to I want to see an entry reason and I'm gonna go ahead and tell you for this specific case and if you go through the markets and test this that the system has to be tested as well forgot to mention at the beginning we'll talk more about that in a minute but if you go through the markets and test this you can see which currency pairs this gives you a positive expected to see on a positive outcome on throughout historical data and that'll give you what you need in order to create an actual strategy based on this what I like to do in these areas is wait for double bottoms that's it or a double top from looking at a resistance level wait for some type of price action pattern"

"ATR indicator is right up here at the top of your screen right here is the ATR indicator I use a 180 are below the lowest low of the double bottom for a stop loss I look for the lowest low of the double bottom and my stop-loss will be 180 are below that"

"for targets all I did was look at the daily chart yet again and you can do this on a 4-hour chart instead of daily I like looking for larger targets so on the daily chart excuse me I actually did do this on the 4-hour chart my bad so on the 4-hour chart and you can go down to hourly if you'd like to or up to the daily this this part is completely up to you what I'd like to do is do this on a 4-hour chart look at the most recent level of structure support especially if I'm trading down the 15-minute chart which is where this double bottom is being traded on the 4-hour chart I go up to timeframes if that helps I go up to time frames so from the 15-minute it would be one hour than four-hour if I'm on the one hour I'll go up for our daily and that's where I'll have my target set based on but here on the 4-hour chart after moving up to time frames from the 15-minute chart I just put my target at the previous level of structure support I expect to become resistance"

"I can decide what percentage of my account I want to risk and you maybe ask yourself well Stephen are asking me what is the best the best number for me to risk that's not up to me that is such a personal decision from your standpoint of the risk tolerance you have what would you be comfortable risking and losing on this particular trade remember casinos lose sometimes players win so you're going to lose trades what is an amount you are comfortable losing on any specific trade for me personally with my risk tolerance which has no reflection on what you do mine is between 1 & 2 percent per trade depending on my confidence level on that specific trade"

"if you are less than six months deep or if you are just not profitable yet your main goal should not be to make money yes I get it eventually your main goal is to make money but your main goal is to learn how to trade because that's the path that gets you to the point where you can make money be profitable and become a consistent and professional trader"

"follow us on Instagram we're gonna be doing some giveaways on the paid programs will you have those paper ograms are also in the description if you want to speed your process up we have a very organized approach that takes you step-by-step through all of what I just explained to you in a much more in-depth way so if you would like to check that out links are in the description we also give you trade ideas or at least my own trade ideas the things that I'm looking at the markets throughout the week via email again those are in the description some free trainings are in the description other than all of that be subscribed to be alerted when we come out with new free education just like this here on YouTube don't forget the Instagram thing we're gonna be doing some giveaways that I'm really excited about probably some MacBooks we're gonna be doing a lot of free education that will only be available to people that are subscribed to our Instagram"