The ONLY Beginner Trading Strategy YOU Will Ever Need... (BEGINNER TO EXPERT)

"just like we have here on the aussie yen only aussie yen i have a trailing stop in place at an 11.3 to 1 reward to risk ratio and this came from the strategy you're about to learn"

"let's really quickly go over a bearish version of this then we'll go down to some real charts check out the aussie yen trade and i'll break that entire trade down using this exact strategy"

"this trade was a very good trade fantastic trade by far my best trade of 2022 hitting an 11.4 to 1 reward to risk ratio"

"looking here on the euro canada for our bearish example what has price just done if i draw a little line here we'll even make a little box here at a previous level of structure you can see that price has just come down and broke through that level of structure so now what are we waiting on well we want to see a pullback into that area as we can see that is currently happening the next thing we need to see is price touch our second area of value which is going to be the 200 ema"

"now if i push the market forward what happens right there right here is our actual reason for entry so what price has done is pulled back to a previous support level that was just broken by price it's also pulled into the 200 ema which is drawn very well right there but it's also pulled in the 200 ema and what else has happened we also have a candle with a long wick to the top side and what does that tell us that tells us that selling pressure is coming into the market at least for this candle and it tells us that we have a higher likelihood of price going lower than higher"

"if we click play here you'll see that this trade in fact did work out and start pushing price lower before eventually pushing back up"

"a bullish example here on the new zealand dollar what has price done here on the new zealand dollar we've pushed up have we broke above the previous high yes we have our previous high looks a little something like this create our zone of structure here at these highs after price breaks above it what's the next thing we need to see a pull back into that area of structure along with this pullback hitting our 200 ema pushing forward here you can see the price in fact does pull back into our area of structure and the 200 ema and after that we get a really nice long wicked candle to the bottom here showing us our hammer candle"

"here on the swiss yen price has just done what broken below our previous low here's our low our lower high we break below that low we cross under our 200 ema we then pull back to that 200 ema right here do we have a combination of the previous low that was broken and the 200 ema yes we do that pullback comes up into that area and we get that nice shooting star slash upside down hammer candlestick pattern"

"this is an incredible strategy for beginners because of how simplistic it is and also a good strategy for pro traders because of its profit potential in just a second i will be diving deep into every detail of what i call the 200b strategy"

"for starters we're looking at swing highs and lows if a market is doing this these new lows from our previous low to our new low that is a swing low these new highs we go from a previous eye to a lower high those are swing highs we're looking at these swing highs and lows and this is normally what a downtrend would look like what we're waiting for is price to push up and break through the previous swing high that is our first component of this very simple strategy we then want to see price pull back to that previous swing high this being our first component our second component is actually this combining with a moving average so this is going to be the 200 ema"

"then our third component is some type of candlestick pattern for this example today and what i used only aussie and trade we're gonna use hammers and shooting stars at this point we have stacked up two areas of value and a candlestick pattern all coming together to prove that we have a higher likelihood of price continuing up at this exact moment then it continuing down"

"for a bearish version of this strategy we would see price going up this time making new swing highs and lows higher than the previous swing highs and lows and then we would want to see our first component for a bearish trade is a break up the previous swing low after that break of the previous swing low we would want to see price pull back to that previous swing low we would want that to combine with what a 200 ema"

"after we combine our 200 ema area value with the previous level of structure support that was broken and now should become resistance if markets are trading in a technical way what are we looking for after that after that we'd be looking for in this case an upside down hammer a shooting star a candle with a long wick to the top side does not matter what you call it all of them mean the same thing they all mean selling pressure"

"the whole point of that strategy that you're going to have if you choose to have this one the entire point of the strategy is to give you a statistic advantage that plays out over a long period of time"

"if your strategy is not making money right now then it is because of one of just three very simple reasons"

"number one is that you don't have rules to stay consistent to that strategy so if you are trading what you think is a strategy you're more than likely just trading an idea and calling it a rules-based strategy"

"if you say that then what are your rules for a double top and a double bottom because sometimes a double top can look exactly symmetrical it can look like an m and then sometimes it can look more like what we have right here on the chart where we see price come up to a level then price go a little bit higher so is this a double top in your eyes according to your strategy according to your rules because if not you're gonna have a really hard time and what i say if not i mean if you don't have rules you're going to have a really hard time staying consistent to that"

"the number one reason that most traders are trading strategies and not making money with those strategies is because they're inconsistent to them"

"reason number two is that you're trading a strategy that is just pitiful that is literally just not profitable you're trading based on something it could have rules behind it but it doesn't matter if it has rules if it doesn't make money"

"so the solution to this is whatever strategy you're trading if you haven't tested it do not trade it with real money you don't have to back test if you don't want to spend three to six months in an account with fake money"

"reason number three has absolutely nothing to do with the strategy reason number three comes down to risk management or trading psychology"

"so you could have a strategy that is making money or that should make money over a large sample size of trades like a hundred trades it should make money in that time but you're using a terrible risk management plan or your trading psychology is all whacked up"

"your win rate over seven trades is completely and i'm being completely irrelevant it's going to fluctuate so much in that small of a sample size that it means absolutely nothing"

"work on looking at 100 trade sample size to see the correct outcome that you can expect from a strategy the correct winning percentage of a strategy it will not show it to you until you have a large enough sample size of trades for that edge to play out"

"if you have bad risk management or bad trading psychology right now the first thing you can do is reduce your risk because that's going to help with trading psychology already"