ilmscore | The ONLY Way To PROFIT From Double Tops/Bottoms (Full Strategy Tutorial)

Predictions from this Video

Total: 13
Correct: 0
Incorrect: 0
Pending: 13
Unrated: 0
Prediction
Topic
Status
The speaker has developed a profitable, rules-based forex trading system that can be tested historically and incorporated into a trading plan.
"I'm gonna show you a rules-based system I've already created that you can take and test and verify through historical data that's profitable for you and include into your trading plan."
Forex Trading Strategy
Pending
The speaker will provide a detailed explanation of a forex trading system, including entry and exit strategies (stop-loss and target), for users to incorporate into their trading plans after testing.
"I'm going to explain that system that strategy that I talked about last week down to the very minut detail talking about entries the exact reason to enter the market exits in terms of stop-loss and target and everything else you need in order to actually incorporate this system into your trading plan after you test it of course"
Forex Trading Strategy
Pending
A specific trading zone on the Dollar Yen was identified in a previous video and, when retested on a lower timeframe (hourly), offered trading opportunities, indicating potential for profitable trades even if the daily chart outlook was uncertain.
"we had this area in red pointed out as a potential trading opportunities own the reason for this because it's a zone that's been tested multiple times the market was right at this green candle we're looking at now whenever I was pointing this is on out but what I want you to realize and what you need to understand is that I'm not looking for shorting opportunities on a daily chart I'm going down to a really a much lower timeframe for instance in this particular case down to the hourly timeframe to look for these trading opportunities"
Dollar Yen Trading Opportunity
Pending
The Dollar Yen trade, executed using a specific strategy with a 1.5 to 1 risk-reward ratio, was a winning trade.
"ended up being a winning one point five to one risk reward trade"
Dollar Yen Trade Outcome
Pending
The Aussie Dollar trade resulted in a 37-pip loss, but due to the 1.5 to 1 risk-reward ratio and a 50% win rate strategy, it still contributed to overall profitability.
"this Aussie dollar trade played out it ended up being a loss here for about 37 pips but remember we're trading with a one point five to one risk reward so even with this losing trade we're still in the positive with a fifty percent accurate strategy right with a fifty percent accurate strategy that's how traders still make money they have a higher than one to one risk reward"
Aussie Dollar Trading Outcome
Pending
The Euro Aussie Dollar trade was a successful one, yielding approximately 122 pips.
"this trade ended up being a winning trade of about 122 pips here on the euro allsey"
Euro Aussie Dollar Trade Outcome
Pending
The Euro New Zealand trade successfully achieved its target based on the 1.5 to 1 risk-reward ratio.
"ended up with a one point five to one risk reward that did get hit"
Euro New Zealand Trade Outcome
Pending
By applying the discussed trading strategy with a 1.5:1 risk-reward ratio, a trader could achieve a 3.5% gain for the week with 1% risk per trade, or a 7% gain with 2% risk per trade.
"three point five that means if you're trading with one percent over last week would have been at 3.5% wheat using this if you're trading with a 2% per trade is what I'm talking about your trade 2% every single trade you place you place with a 2% risk on your total account balance then it would have been a 7 percent gain in just a week"
Weekly Trading Profit Potential
Pending
A rules-based trading system is presented as the key to achieving consistency in trading, avoiding the common pitfall of switching strategies which leads to account blowouts for 95% of traders.
"what I just showed you is how to have consistency in your trading this is called a rules-based trading system it's the only way to stay consistent otherwise like we talked about in the intro you'll be trading based on shooting stars one week and based on double bottoms the next and overbought markets the next you'll never really be consistent you'll consistently switch systems and this is what leads to 95% of traders blowing their accounts"
Rules-Based Trading System
Pending
Confidence in trading is best built by backtesting a strategy historically to understand its profit potential and loss drawdowns.
"how do you gain confidence well the first way and the best way to gain confidence is to take a strategy like this and test it through historical data see what it produces in terms not only of the amount it can make but the amount it can lose"
Trading Confidence through Backtesting
Pending
A strategy can be profitable even with consecutive losses if it has a positive expectancy over time. The goal for traders is to create a statistical edge, not to win every trade.
"there's probably been times that this strategy lost four in a row and still came out with a positive expectancy by the end of the year as traders were not looking to win every trade because that is in fact impossible so we don't want to look for things that are impossible instead what we do as traders is try to create a statistic advantage over the market"
Profitable Trading Expectancy
Pending
The speaker offers a mentorship program called the EAP training program, providing step-by-step guidance as a mentor.
"I do have a mentorship program called the EAP training program where I will be there step by step with you every step of the way as a mentor"
EAP Trading Program
Pending
The EAP training program includes weekly review of trading opportunities, guidance on managing drawdowns and discipline, a full training course, and a proven, profitable rules-based system that has been successful over the past three years.
"I also send out three to five of my favorite trading opportunities throughout the week every single week we review those trading opportunities so I can show you me going in and out of drawdown helping you with discipline and of course it comes with a full training course a full system and strategy that is rules-based just like the one I taught you today and that is proven to be profitable over the past three years"
EAP Trading Program Benefits
Pending