PROFITABLE TRADING STRATEGY IN LESS THAN 15 MINUTES (That Actually Works...)

"in over a 300 pit move to the upside we call about a hundred and seventy pips on that live trade before I decided to exit the position"

"we also got another trade right here in the EAP training program I'll put a 3-shot of that trade to your left of the email I sent out everyone that was involved in the EAP got so there's a look at that email and that's exactly what we were looking at here as well is a rules-based system a rules-based strategy this is the beginning of any profitable traders journey you have to have a system that provides you an edge over the market that you can trade consistently"

"Every profitable trading system I use is rules-based just like this and very similar to what you've just learned"

"I have taught you exactly how I have built every single profitable trading system that I use"

"for this specific strategy I use 5 rejected wicks of this area so I have my area pointed out here in black what I do then is get a little closer here place a horizontal line on the lowest body of this cluster of candles the lowest body is this red candle here and from there I ask myself a very simple question"

"for me with this specific trade that looked like this I place my entry at the close of that fifth wick that rejected the close of that candle so we had the wick rejection and then the candle closed a bit higher but even with that being the case I placed my stop-loss below the lows of those five weeks"

"instead I like to use an ATR indicator which gives you the average of the last 14 candles and then you can use that as a stop-loss below these wicks that's one way to use the stop the other way is just to take the ATR indicator and multiply it by a certain numeric character such as ATR times two is my stop-loss"

"for me I'd like to use a set target as long as structures not in the waste while zoom out look left ask myself where the nearest structure is in this case the nearest structure I was concerned about was a lot of about right there which is why I decided to exit before that area but I might look at this and go a 1.5 to 1 risk reward ratio as long as structures not in the way be a great way to test for targets"

"the process of creating consistency is extremely simple we're just looking for rules we are going to create rules first that's the first step in the process of creating a profitable trading system"

"this strategy has five week rejection which literally we can see right here it's pretty simple one two three four five weeks rejected we opened up a position right up here because of that five week rejection of a previous zone of major structure"

"and as you can see since then the market has taken off dramatically in over a 300 pit move to the upside we call about a hundred and seventy pips on that live trade before I decided to exit the position"

"for rules I like to define them in two separate parts the first part is conditions these are the market conditions you have to see an example of this would be do you want to see a market that's in a certain trend down or up do you want to see a market at a previous level of structure"

"the next category I always use in order to create a strategy is the entry once I have the entry which is almost always for me at least based on either candlestick patterns or price action patterns such as double tops double bottoms head and shoulders"

"our conditions is that we need a market that is at a level of important structure... we need a market that is at a major level of structure... my condition number one would be market above a moving average... We must see a break of a previous level of structure"

"I look for is an area here... looking left it is the most previous level of resistance that was broken so now in this area I'm looking for 1/2 three four and five candlesticks that reject this area so what I need to see is no close belows I don't want a market the a candle sticks to come down here and close below one of those"

"the next piece of this puzzle we call a profitable trading strategy is stops in targets we have to have a level where we know we're wrong and an area we know that we want to get out of the market for profit"

"I placed my stop-loss below the lows of those five weeks below the lows of those five weeks is where I wanted my stop-loss"

"instead I like to use an ATR indicator which gives you the average of the last 14 candles and then you can use that as a stop-loss below these wicks that's one way to use the stop the other way is just to take the ATR indicator and multiply it by a certain numeric character such as ATR times two is my stop-loss"

"in terms of targets again another area that is unlimited in terms of what you can do for me I'd like to use a set target as long as structures not in the waste while zoom out look left ask myself where the nearest structure is in this case the nearest structure I was concerned about was a lot of about right there which is why I decided to exit before that area but I might look at this and go a 1.5 to 1 risk reward ratio as long as structures not in the way be a great way to test for targets"

"this is the process I go through every single time I create a trading system for myself or the community of traders we have in the EAP training program or here at the trading channel YouTube channel"

"you have your conditions and the strategy we're doing now trend entrant and at a previous level of structure that was just broken we have our entry reason five rejections of that area of resistance that was just broken"