Is Forex a scam?
good afternoon traders uh here's sab from tvt the volume traders uh i want to make this video uh as a reply to the recent post on instagram uh where was the question if forex is a scum i got a lot of messages the negative messages about that this is only losing losing machiners to take your money away and no one can earn the real money in forex there are a lot of scammers cheaters fake gurus and anyway that taking trades and the market will always finish same as a loss so i just believe that [Music] all these people have very bad bad experience and the the big truth is that no one is is able to predict the market to predict the next move uh a lot of people me as well in the past all of the people try to look for a holy grail of trading testing plenty of indicators uh like crossing gma's or lsi macd many of them and they believe that indicators with which usually have delay which is based only on current your broker data so they people believe that by the these tools they can predict next move it is it is impossible it is just a wrong way i'm not saying that this is uh the worst way but but maybe maybe more maybe better ways of trading with with more logic yes inside so i want to show you how i use the real volume also to clarify i know that i use very old-school platform metatrader4 it's not like sierra chart or ninja trader or jigsaw or quan tower or anything else especially created for real volume traders i use the re-volume data from futures market anyway it is just converted to the forex platform metatrader4 also is available for to the higher higher version like metatrader5 and yes this footprint the all these volume bars or delta is exactly the same as you can see on the ninjatrader 8 or any other platform so this data is based on the cm cme group so to answer some questions no i don't use the volume based on my broker's data in this case i see markets i use volume from futures market i want to show you some examples of trades which could be taken today today is 14th of september yeah let's start uh in the beginning of asian session there was a activation of big limit order big from this this this time of course an asian asian session there's not so big volume uh what happened that here's the imbalance 15 to the zero so for me this is the information that someone bought 15 contracts and the price of each 6b contract for gu cost does so he was almost 1 million as activation of by limit order what is important do not look on any single imbalances on the market it need to be on logic zone which should be marked for me the logic zone was was here it was a demand zone you can take a look also that the lag out has a bigger volume that's on this bar than the base here's also volume spike which confirmed that on this price level were a lot of orders so here we had the break of structure and price continued the rally so the move begun probably here and yeah that's made in my opinion the demand zone so the price is here and i see uh ambulance so for especially at the bottom so for me this is the activation of buy limit order so what happened yes someone someone's order was triggered price made up didn't continue move down and retest the area with decreasing volume yes you can see here how the volume all the way on this while feeling this imbalance was decreasing so it was good idea for the asian session traders to jump by why important because there were no sellers uh reaction uh it was just one side of the market was buy big buy limit order so i am saying telling always about limit orders because i believe that limit order is are moving the limit orders are moving the the market they are attracting the price uh like magnets uh i stopped believing on the terminology like trapped sellers or trapped buyers because i think that the big guys big institutional traders they know what they are doing and they usually not losing and they shouldn't if they are good traders they shouldn't accept any any bigger drawdowns like 10 15 20 25 pips so if i see the imbalance on the beat side yes on the seller cluster but price is moving up for me this information if that happened in the demand zone that this is activation of limit order just an example for example for example this is the supply zone and price is going slowly up so someone uh is placing here the sell limit order for example worth 5 million pounds and he's waiting with patients to trigger his order because he is satisfied with such a price to to sell because previously historically maybe day ago maybe a week ago in that zone was a huge move to the downside so that's why we can expect the repeat but when price is very close to this limit order wolf as i said maybe 5 million pounds the another institution is placing a bit higher the order worth 12 million pounds so that guy don't want to be a minus uh he is deleting he's cancelling his order yeah so first guy cancelled the second is bigger so the algorithm is going to this this prices to see the reaction maybe some buyers want to [Music] want to join the market because uh placing the pending orders the limit orders is like options who can put more money in the market to to react so if the first guy canceled the second guy a big order no buyers just appeared in the market and then we can maybe expect huge move to the down like maybe one candle with imbalance somewhere yeah so then the sec the first guy can join while filling the imbalance as a market execution then so he cancels sell limit order because it was too small someone with more money put higher to get a better price for a cell to earn more money so the first guy can still join with market execution because this is not any rule or the truth this is only how i personally understand the limit orders and how how to read the the footprint chart in the clusters so you don't need to agree with me just i believe that it's very important to have own story which you believe all the time and you based your and all the decisions you want to make are based on on your story so i believe in this and this is helping me very much to understand which imbalances or which move or which clusters i should just ignore to not not be focused on them yeah so this is how i understand the limit orders if they are moving the market uh big guys or algorithms are can't selling the orders if there's something bigger is appearing in the market so the guys are not losing so that's why i stopped using the terminology trapped buyers trapped sellers i just read differently the footprint chart so please don't judge me uh this is my understanding and it really helped me to to be profitable next next trade next possibility with the logic on the chart without predicting any move yes this is what we are doing as the volume traders we try to react what we see to what we see as if i see big order i want to see special reaction with my list of criteria to join the market safety without any prediction yes this is not my trading is not based on indicators but i call the real volume as a tools this is tools to to have to see the logic behind all moves um okay so this is the time before frankfurt session and yeah the supply zone after the news we had the ranging market the market created his support the equal lows and then decided to deliver the price lower to the uh to the demand zone so after this break maybe he was the invitation for many buyers due to the support because a lot of traders believe that support with more retests is making the the level or zone stronger what is what is not logic for me because even if there are some orders it cannot be endless yes forever they will moritas are weakening the area or level and who knows maybe there were a lot of buyers so then some institutions decided ah it's the end of the day big order let's move down so that's why this is the supply zone that's because it broke some important maybe retailers area so if price is going here yeah still on the uptrend maybe people are looking for a still for a bias but if we know that this is the supply or we expect that here's the the true supply what happened uh the five past eight it was big change on the delta and appeared sellers yes we have huge move what is the 21 to the zero i love numbers it also helped me so once again this is the price of 6b contract and be careful when you use also different assets because for euro dollar for gold for for nasdaq the uh contracts have different price this is just the price for one unit of 6b contract for gbp usd so here's 1.3 million uh cell pressure it's a lot yes so you also need to have your own criteria which uh which imbalance is is worth to to have interest on it because for example the 14 to the zero is too small for me if he would be 12 not 21 i would ignore this level yes because based on my experience this is just not enough so that's why i think that all the fair value gaps or any any zones based on the smc concept uh it is it is still guessing even if you have very good experience i i'm almost sure that you lost some trades because you believed that this fair value gap is will just reverse the market so if we have access to to the data and we can exactly see how much money is here yes here on that one price level was exactly this amount of of british bonds no one can know if this is by one institution or maybe five or three but this price level was worth such a money with my criteria it's it's very good solid level to watch so if price went here and triggered the order the price went down we have a confirmation that this can be maybe later could be also a good price level for late traders or someone who joined later the market or someone who just want to follow the big guy with 1.3 million from here so how i am joining the market i want to see the decreasing volume i love to compare this always to the train the fast train and if the train is really driving very very fast it's risky to to jump into it yes it should be logic because you can you can be dead it's similar for me with the charge the train needs to stop on the station to invite me that i can safety come in and then fast drive fast later yes so if the volume is decreasing it's slowing down it's for me like the training station i can safety join the market let's see what happened uh prices feeling the imbalance to check if any late buyers want to react and maybe break this yeah so if there could be there would be increasing volume i would not touch this but the volume started to going down yes was decreasing you can also see this on the footprint chart when i see the imbalance the logical confirmed imbalance i am marking the line i know that here's the 137 overall volume in this one minute during this period of time and i have special criteria how much the volume should decrease to really be be safe so let's check the first touch is 106 then 31 55 24 7. of course we cannot know how big volume will be next candle maybe it is good to jump directly here when the volume decreased three times after the touch here could be maybe oh it's growing up he once again down maybe joined here it's up to you where you feel safe and where you understand that the volume is really decreasing and then the seven was well perfect it is almost done so no interest of breaking this imbalance so it could be here very very nice and don't be greed of course do not aim for 30 50 60 70 pips i am a scalper and i have also a very controversial approach that scalping is the safest way of trading because this is due to my believe that market is unpredictable if when i was trying to be a swing trader usually i i i was down with one to one but most of time break even is because we cannot know we cannot predict if just after our entry or 10 minutes later that someone else will not react like we are selling and then boom someone put 50 million yes he was 1.3 million as a cell but here at this equal lows someone decided hard this is retail traders day i want to trade from support and put 15 20 millions now it's because retail traders need to win sometimes as well to still believe on their their techniques but anyway it's all about uh of course psychology i know some good traders retail traders which trades are based only on the price action and break of structure or break of trend lines they have good psychology and they they can be profitable i just cannot trade without re-volume i am addicted to this i love to see numbers i love to see data uh how the money flow how change the orders this is for me very interesting and and yeah i just love it for me this is whole logic to see if someone is losing interest because we see money as the true money from institutions or from big traders because not not so many private people are able to to put 65 and a half thousand pounds just as one contract to join someone it's amazing this is amazing and logic for me so once again increasing volume is a danger of break of the zone and decreasing can be good invitation of course when the volume is decreasing i'm usually most of time not always but most of time i'm not trying to expect the break of the zone and putting for example hereby because the volume is increasing because prices on the supply this is also very important to try not predict break of the zone i'm doing this with all honesty sometimes but definitely 95 of my trades are based on decreasing volume to join the market in the safest way so about the greed uh yeah i changed the the topic uh by entry somewhere here um maybe to the park yes this is the asian point of control so point of control is the uh price level with the highest volume during one period of time so this is the asian poke it could be 25 pips uh i would personally maybe aim to this demand yes because these highs were broken with a huge move up so maybe here it's still 21 and a half pip just don't don't read just for few more pips just my opinion of course especially if you expect news which happened here okay the another setup [Music] based on still on the same imbalance the almost 1 million during the asian session as the volume is not so big during this the session uh i laughed i like to or i prefer to hold the levels uh imbalances uh for later for new for new sessions in coming like frankfurt london or maybe new york yes even if there were already filled um during the previous session because we cannot be sure if uh if the imbalance was is completely filled maybe next time the traders from another time zone would also join the market in the same price level it brings some risk because it's creating the support in this case and equal lows but if we see confirmation on the on the footprint chart or real volume bars we can try to join the market if your criteria entry criteria is based that the need to be liquidity grab yes that's very good you are following your own plan to not risk your account personally i wouldn't also take this trade because i love liquidity grabs but he was logic of course after all but i found here their logic is how to why to enter exactly here as the uh it was before the london session take a look what happened with the volume when price was going here the volume was going down was decreasing so the train was waiting on the station to invite you come on let's go let's take a ride even later the confirmation was by these two splash orders what is splash it's very aggressive buyer yes it's activation but by this week yes if price was here someone probably put amazing huge order one big order uh in this price level because he decided that yes i want to join exactly here and it was filled a splash is the order which is placed as one shot one big order is very similar to the tool and the ninja trader is called big orders from mz pack because what how how the clusters are forming let's say for example here yes this is the new scandal we have the cluster 110. it is not like that uh price started the candles started to fall and it was boom 110 28 fifty two done it's it's these numbers these are contracts executed on the market during the certain period of time in this case we have one minute uh clusters and one minute sorry candles so it could be like and i will talk about only this 110 that when the candle opened or here because he was the opening of the scandal it went down maybe he was first 50 yes 50 units then price went up then back down someone decided to put another 30 so we had already 80 units on the market then price went down once again up and someone put the last 30 orders to have 110.
so maybe he were three different institutions or maybe more or maybe these institutions put multiple trades who knows yes but uh when i use the splash tool i know that someone put one massive order in that set let's hear it one by one two orders appeared so once again price went up down here the volume is very similar but then take a look on the last candle low the train was still waiting on the uh just the scandal the train was still waiting on the station but really personally i wouldn't have saw balls to jump the marker right here but it is due to my my criteria i like to see i would like to see the candle a bit lower and then back that would be for me perfect like two pips bigger candle maybe but it's just me i'm i'm very picky with my orders with my setups um i like to see repeat table moves but he was a whole logic to join the market of course that's why i love real volume i love uh because you can calculate all the time the clusters the the cluster is important for you um to to know how much money and in pounds is worth some levels worth some order and also the another reason i didn't take here anything was because i was after a loss so no bullshitting here i am not winning all the trades i have honestly not a perfect month very very bad month and i took a loss so i want to also share with you why and how my setup was that price was still under it it still was still happening on the demand zone and here is the support so equally lows as i love to see the manipulation like uh breaking the zone so people losing money uh when prices coming back they in panic love to recover the loss so trying to join the the sellers but the price is once again moving up so for me manipulation good manipulation is when the retail traders are losing twice in one setup but i got also manipulated it's happening i entered too early and i found the reason of course this is very important this is this should be the key to not just leave the chart but to find the reason of your failure because we are not only uh learning by winning trades just because if you have some good winning trades it is good to remember them the setup to try to look for repeatable move so this is the one thing but the second also how to avoid loss by not doing same thing multiple times as i said i had bad month it was some bad bad emotional i still struggling with this i got some long time ago some question if i am still struggling with emotional part yes i i i like to see good setups of course my win rate is very very high usually i'm losing one or two times a month now i had but not the best times and my understanding was as i said yeah support equals the news moved the price lower and then all the imbalances were broken so i thought i believed that these were the limit orders and price was it broke them for me broken bearish imbalance is a sign to join the market so it broke this one that one the middle the splash so huge sell order just to push the price really lower and it was also small break of structure here yes like that one and price started to go up how i found here increasing volume so i believed and it was very bad no belief on the reaction i believe that increasing volume can break also this last still holding the price imbalance the highest one and it didn't happen i was taken out very quickly and this is also how why i love sculpting because i don't need to wait few hours with huge stop loss like 50 pips or 30 pips to be nervous at why i'm still on red i am verified by the market very quickly like a few minutes and then i can look in peace for then you can try to find the mistake so the mistake was uh still not broken the last bearish imbalance yeah and then the expected bullish move happened without me uh so yeah here's the my understanding of of the filling orders the pending orders also here is very very clean and nice setup he was with some confusion but also confirmed by footprint um oh for example here i also have marked imbalance of course there need to be criteria when price in future will come here we need to check if some zones were appeared above because what happened why i think that he was the limit order because here we had the supply zone here's the also equal highs and it was broken price was going to the supply and by retest and by sorry by reversal someone decided take a look on the volume how increased yes on this uh on this low how the volume increased so buyers appeared and they decided to break the supply to go further up so for me break of some level need to be confirmed if there's a zone or not so here we have a demand yes so demand zone price went up and some late trader may be decided by by this weeks oh yeah i want to set here limit order so maybe price was here going slowly and then he set the limit order let's say how big it was over two million pounds maybe not one trader yes this is not a splash maybe two three five institutions who knows but they had the same interest on this one price level and it wasn't retested soon maybe in future if the train will slow down maybe this will be still uh valid for uh for traders for late traders maybe new york session who knows maybe it will be just broken like invisible as i said we cannot predict we can only react to the market [Music] and what can i say more yeah this is about the retail tools which i cannot understand maybe i'm doing something wrong but it is also if you don't like something it is good to know it very very good so i try to look for this this crossing of vmas and yeah it looked nice only when you read the historical data i found a lot of self-proclaimed trading gurus they are showing where to join they're making a lot of videos oh look how is it simple it is yes break of emas they crossed prices below you can jump the cell here and done for the day but they are not telling why to not buy here it was break of the trend price is above both emis they crossed why not jump here they are not telling us that i see really plenty of videos and i see only profitable setups or here another break of structure this is a bigger time frame h1 price shot up maybe this is the demand or i don't know how how how it can be differently called but prices above is sitting on the on the ems re-testing this so why not to jump into the trade here yeah for me this is nonsense that uh you can make your decisions based on on this uh like like ask yourself for example if do you believe that the big institutional guys the experienced traders are also thinking that way oh yes price broke the ema now we can place the trade so for me this is like trading against the banks not following the banks following the banks is using and seeing life the orders to make your own decision if this is safe to to join the move or not because you see how much exactly to the pound how much money they put into the market but here it's guessing yes it's it's a game of probability but as i said i know some traders which are using these methods and maybe based on the risk reward or another thing in their experience they are able to be profitable in this i cannot and just honestly wanted to compare another thing is is the popular fibonacci measurements personally i always had problems which wave to to mark or to measure maybe this one and perfectly the price went to the golden zone between 50 and 60 61.8 uh yeah it's good to reverse but why this wave why for example not the second wave third here's also break off by logic yes break of some previous high price made another so i want to measure yes so sorry sorry just needed to drink water and price is coming back down yes we measure the whole move which broke and what and loss could be lost yes if you set the stoppers below the this or maybe it is good to measure whole wave yeah so my my opinion is that forex is not a scum can be really be a profitable profitable job for you it is up to what which tools you you use and if you really understand the market because uh there are a lot of signals yes if you see this is that the money flow the order flow and you watch them only in the zones you are able to to catch the 15 20 pips so my my reply is no fallacies not has come it is just just the whole industry is uh is destroyed by by scammers they promise dreams they they promise great uh great results but as i mentioned on the instagram post ask really anyone any mentor or teacher educator about the proof of his results because if you want to invest your own heart and money into someone's course it should be fair to see the results if the course have really can can really offer the good good results yes i i wasn't doing this i was also blind when i was a student i was focused only on big big results i uploaded with all other naive people but really be try to be smart and learn on your on your mistakes i i just don't don't think that this a lot of these people are are making money maybe some but i can also read historical data as now i can also after all say word was good to enter with no drawdown but really ask for the statements i was sharing my statements for a whole year every friday i just stopped doing this uh i don't want to make my group too big right now i'm not focused on selling courses my courses for free anyway it was big big change in my my approach but really try to use guys just test test these tools uh and really try to not forget about your dreams because for some reason you decided to make your first day on forex you probably lost don't don't lose your dream and the the last thing it's not any odd please don't don't get me wrong but every day i become a lot of questions about the course uh about if the setup was correct about the mistakes uh i am not able guys to answer answer you all there are sometimes days when i get uh 15 messages 20 but also my my own life my own trading my own group and uh i'm not able just to sit on instagram or youtube and reply to questions it's hard to choose who should get and who who should i ignore it it's not fair and uh the the first way is uh yes you can join our discord group it's not an art we the group is very small it's for now maybe less than 40 people you can find a link here and on our website simply i just mean that if someone has really questions or or is struggling with this technique want to learn it more and deeper usually the members need maybe one or two months and they're leaving the group because they don't need it anymore and for me this is very fair not like joining the group as a one-time fee sitting there for one year being inactive and after a year trying to after different groups between then coming back again to us and started learning for a second time it's it's not the way i want to make it fair one or two months some members are longer because they want to be close to me and to stocks they want to see some markups on the chart every day or just live inputs about current price action what he's doing where we would be looking for a trade or just to to watch the videos with our trade explanations but it's up to you this is not a selling profile uh focus only on selling the memberships or mentorships uh our courses for free anyway i've seen that we have almost one thousand or one and a half thousand views so almost 1 000 subscribers on the youtube so it means that a lot of people have interest on the course a lot of people have interest to to learn this way of trading it's very nice but as i said only less than 40 people joined us with questions so this is very good i i want to be focused more on trading than than teaching to be honest just please uh have this in mind as if you have really questions there's no need to send it every single day or a few times a week even if i'm not answering guess new questions new questions this is not the point yes their knowledge is for free this is this is important uh thank you guys for watching i hope that you understood our point of view that the trading can be logic that don't need to be like predicting every move and yeah it's definitely not a scam i make a living from trading for almost two years now but first first years were were losing years of course it's not that easy that you can jump into forex uh one two years and you you're selling courses yes you're an educator no it's not that easy it needs a lot of practice a lot of determination and discipline of course but it is still possible to learn to err and money for living following just by trading so once again thank you guys for watching and i wish you profitable times bye bye
2022-09-17 16:39
