Simple Trading Strategy that works
um can you you'll hear me can y'all see me hear me see me and can y'all see my screen can you see me can you hear me and can you see my screen can you see me can you hear me can you see my screen alrighty now uh welcome all of you to tonight's session now do take note that um when i speak versus when i when you see me or hear me speak there is a delay of about 15 seconds so just take note of that now today's session is by special requests however it doesn't mean that i will not cut down on my answer i will answer that the best that i can just to make sure that you understand tonight's session is actually um sponsored by taxi so if you have an account um or you don't have a trading account you can use this link and you get a special promotion where you fund in a 1000 sync dollars and you trade five lots okay five lots round them within two months you will get a 200 cashback that means this is not a trading credit this is a cashback so let's just put it this way in terms of traders basically i'm not a salesperson i'm not i'm not a salesperson i'm an engineer by by trade so in other words if you trade a thousand dollar and you know if you open an account and fund in a thousand dollar and you lose a thousand dollar let's say you lose you do lose a thousand dollar drop an email say i want that 200 and you're done basically you can say that trading is not for me i'm not interested you're done okay um basically do take note that every time you trade there's always a risk i cannot guarantee whether you make money i cannot we almost can guarantee that if you do trade almost guaranteed that you will lose money okay so take note of that you have to understand the risk of trading now if you have any questions um you can email jiayi.li at xc.com or jungwoo xc.com the emails are right there i will post this into the facebook gathering of traders today's session um yeah they also do have stocks alex they also do have us stocks um this is a demo account so don't have they got somewhere okay because this demo demo account so it's not listed okay now taxi trade in all major futures forex and commodity and also crypto and they are licensed in asic uh uk um a lot more license okay um for more details about xc please look for them i'm not a staff of xe but they basically ask me to do a special seminar just for you now the good news is usually promotions are only given to new clients however this promotion is also valid for existing client that uses this link to open a trading account previously so if you already previously opened a trading account using my link um you're also entitled to this promotion just meet this requirement you got any question please drop them an email okay um this session will last about two hours um there will be a break in between the good news is this session are also recorded as you can see i'm a one person show okay this section are also recorded and i will once we finish the session i will post it into the youtube feel free to share this youtube with any of your friends okay so feel free to do that um however if there are questions that requires me to to extend the time hey power is gonna speak tonight at two o'clock in the morning but i don't think so you are gonna stay with me until two o'clock in the morning but power is gonna speak do take note that um eight o'clock just now ten minutes ago bullard is speaking 8 30 we got news and then two o'clock power is speaking the last time power spoke dow jones went up a thousand points and then the next day it collapsed more than a thousand points so after that after that u.s market has been kept on going lower this is smp on a daily candle this was the last time power spoke in the fomc so now the question everyone's asking will powell crash the market again tonight i i doubt even if the market on a crash may be tomorrow but let's see mainly because the last time he spoke market went up after that market may not be that good after all okay now let's start our lesson for today today i'm going to share with you give me 35 seconds for me to show you how to use a very sophisticated strategy combining hundreds of indicators that you can use to make profits 100 all the time so that you can make millions of dollars immediately that's today's session so my question to you if you hear this sales talk you should be very motivated by now am i right that i'm going to learn a strategy that is going to make me 100 profit all the time so tomorrow immediately i put in open an xc account put in a thousand dollars and by end of tomorrow i'll make a million dollars isn't it great so that you don't waste your time so that immediately i'll be a multi multi multi millionaire and i have financial freedom for the rest of my life aren't you motivated right now but as a trader whenever we see or hear this statement we run we run or we just listen to it's a comedy because this doesn't happen so let me ask you a very simple question if we equate trading like a casino i know some people say it's a casino but it is actually better than a casino the reason is we see the cut then we decide if we want to play the cards in the casino we don't see the dealer card then we have to place a bet but over in here we can see the card then we can decide if we want to play the cards okay but if you ask yourself a casino if even if you sign up for a very very super expensive class do you think you can able to learn a strategy that gives you a 99 to 100 chance of winning or let's just put it the other way around do you think casino has a 99 or maybe 80 percent chance of winning you do you realize one thing that usually casino play with ox and the odds of winning for you can be 50 60 70 and the odds of you winning the casino i think the best odds you can guess is maybe 50 51 but over in here we are not going to take a 50 51 we want to increase the odds maybe to about 55 to about 60 all right and generally if you notice most of the people that go casino usually lose money and most of the time you listen to the friend who are trading the market they all lose money try not to talk to you if you're if you're a girlfriend uh last week girlfriend if your girlfriend's name happened to be luna uh last week she's not a very good week isn't it so all you need to do is find odds that gives you on your site that perhaps if your odds are 60 70 you can give it a chance give it a try but always understand that nothing is hundred percent even if you win the checkpoint the casino can say oh machine issue machine problem the winnings we take back nothing 100 okay so today i'm going to share with you the opposite of this statement you will not need you will not get a strategy in 35 seconds in fact the easiest job is for me to share with you this simple strategy hopefully in less than two hours providing with all the questions that you have that's the easy part the hard part is for you to do the homework so if you have questions feel free to ask but let me finish the lesson at least finish one part first so that you you ask the question based on the part okay this strategy is very simple but it doesn't mean that it is easy because you do need to spend some time recognizing the signal finding out when is the best time to use this particular strategy okay it does need a combination of certain indicators which i'll share with you and share with you why i use that strategy it will not get you profit 100 of the time but it can increase your probability more than 50 60 70 maybe okay and you can make millions of rupiah easily not dollars unless you're talking about zimbabwe dollar apologize you may find that my style and the way i speak may be a little bit funny but let me assure you one thing that when it comes to making money i'm dead serious okay so i'm gonna share with you this very simple strategy but it involve you knowing charts a little bit i'm gonna use this platform this is just a xe demo account okay you can use a demo account in fact i'll share with you how to download a demo account software i'll put into the facebook group later that you can open a demo account for you to practice just in case you are very afraid to use a live account first anyway you have two months to fulfill the criteria right you don't need to fulfill the criteria tomorrow you have two months end of june okay so it will be good that you start recognizing the signal practice with it and then once you're comfortable then only you trade with live account if you do not know how to use mt4 metatrader4 i would suggest that you please go to youtube type meta trader 4 and learn a few there's lots of youtube sharing with you how to use this platform effectively okay now we're gonna use there are lots of ways to chart they are line chart they are bar chart they are candlestick chart okay so i'm going to share with you a little bit on how to read this japanese candlestick in japanese candlestick we have two categories one is what we called a white candle and one is what we called a black candle excuse me what's the difference the difference is very simple white is good if you are longing that means if you are buying that particular stock of that particular counter and if the price goes up it will shows you as white candle like this like this like this like this like this but if you happen to buy luna and it goes like that your face is very black so black candle tells you the price has dropped for that particular time frame now in this case of example i'm opening up a chart called us 500 is equivalent to smp and this happened to be a daily candle daily candle means every one of these signifies one day one day so this is today this is yesterday this is friday thursday wednesday tuesday monday last friday thursday and so on so every one of this candle signifies one trading day can you change in a different time frame a smaller time frame yes we have weekly sorry monthly weekly daily 4 hour hourly 30 minute 15 minute 5 minute 1 minute if i click on one minute it basically means that every one of this candle is one minute so this is one minute now do take note that i do not this is my personal opinion i do not like to trade with one minute and five minutes the minimum our trade is 15 minutes okay let me give you a reason why and i use exacerbated version why i'll use bitcoin why bitcoin spread a little bit bigger how about this i use one sg3 sg3 spread are big okay if let's say if i enter right now and i use this one particular candle right here as my risk reward that means i use this particular candle if i stop loss on this particular candle that means if i entered here and i set my stop loss right there and let's say my risk reward is one to one let's assume that my daily candle my risk reward is one to one that means if i'm going to lose 50 i want to try to make 50 am i clear you will notice that one thing every time i open a chart sometimes you will notice that there is a red line there is a a gray line and a red line that difference is what we call spread that means this is how much the broker charge you every time you buy and then when you close that difference is where the broker earns it's like go to money changer that's buy and sell if i use a hundred sing dollar to change to us dollars and immediately i take the us dollar change back to sync dollars you'll notice that i won't get back hundreds dollars because that's where the spread okay if i use sg3 and you notice that if i take one to one it seems like because of that red line see there's a red line right there i'm paying about maybe five percent of my five percent of my rich reward has spread we put it another way that means the broker charge me a five percent commission because i make that one to one profit just estimate okay but if i trade on a smaller time frame example like one minute if i say that i'm gonna trade this particular candle i will buy right now and i stop loss on that one minute candle and i want to make one to one isn't it good that wow if the price goes up i make profit because the price went up i predict correctly the price went up but let me erase that line and let me show you where's the red line do you see that red line that means even if i predict correctly that i made a one to one but did you notice that that spread is so big exaggerated version that even if i make i have to pay back the broker two hundred percent of what i make that means i make ten dollars but the broker charged me a commission of twenty dollars so i still lose ten dollars exaggerated version so which is why i don't trade until two small time frame because the spread eats up the profit if i take a candle as my risk reward so usually the minimum our trade is 15 minutes there are certain cases i'll trade down to five minutes but usually as a standard i trade 15 minutes minimum so that at least if i make 100 the spread is only about 10 15 it's still worth trading it unlike trading five minute and one minute that's one reason second reason one minute the smaller the time frame the higher the whipsaw that means their noise that means you may get whipsaw out even if you're right but the market kick you out force you to cut loss before going the actual directions so the smaller the time frame the noisier it gets the bigger the time frame the signal gets more and more consistent so the next question some of you will ask is wow if the bigger the time frame the signal gets more and more consistent fine i don't want to trade the smaller time frame i'll trade the most consistent signal which is the monthly candle by the time you wait for the monthly candle to hit your entry price by the time you wait for it to hit your profit target your hands may get very white already because you get very frustrated waiting for it okay so usually the max i'll stop trading is at daily candle i'll still view weekly or monthly but i don't trade the weekly or monthly but i trade the daily candle okay that's the candlestick time frame next we have white candle we have black candle so when we have white candle black candle this is the opening price the body low is the opening price the body high for a white candle this is the closing price that means it closed for that particular time frame this is the highest price for that particular time frame this is the lowest price of that particular time frame for a black candle this will be the opening price high of the body will be opening price the low of the body will be closing price that's why open high close low black black face black high of the candle low of that candle okay now there are certain candle that looks like this that looks like this where it looks like where it looks like this it looks like a cross this is where the open and the clothes happen to be the same place where the body becomes so small that it becomes a dashed line open and close this will be the low this will be the height that simple okay so for the last three minutes smp has been going down black black black but if i take a look on the 15-minute chart oh it's somewhat not that bad after all right because this is the latest 15 minute chart all right on a daily candle still white one today is still a white day right so what's so worried so the question now a lot of you will be asking is what time frame should i be trading i highly recommend that you start off with daily candle okay because daily candle has the least noise where it has a least whipsaw but you have to practice on a smaller time frame so you get to understand the trade signal so the moment the signal happens on the daily candle you are done you are you are straight away used to the trade signal okay so today the strategy that i'm going to share with you works on daily candle and also works on the smaller time frame it does work on one minute and five minutes but i mentioned i avoid trading one minute and five minutes after some time you will also notice you don't even bother trading the one minute and the five minute minimum 15 minutes okay so today first of all i'm going to share with you the agenda for today understand what is oreo strategy setup now some of you may have seen this word oreo yeah it's copyright by nestle but it just happened that because oreo black white black so my graduates suggested that i use this word okay so this is a different copyright word but you may have seen this in your telegram especially today okay where you notice that right here euro yen daily bullish oreo uh us dollar index that's our sim uh where where is it very rare right there the aussie cat bullish oreo okay our sim is another strategy so don't worry about that bullish oreo so these are the thing that basically alerts you that hey you might want to take a look dollar sing bearish oreo okay so that's what oreo means so i'm going to share with you how to recognize the signal how to use it together with indicators to find oversold overbought and how to use it together with indicators to find trend trading strategy how to combine so that you can trade smaller time frame that means you're busy working throughout the day in the evening you want to spend some time trading the smaller time frame so you try to want to mix a little bit of money before you go to sleep okay so that's the agenda that we'll be covering for today so in oreo setup we got two different type of oreo setup we have bullish oreo we have bearish oreo okay bullish oreo and bearish oreo the formula for bullish oreo is bw black white white don't worry we'll come to that the formula for bearish oreo is white black black okay so what does this mean we start off with daily candle this is bullish oreo black white white black white white so when you see a black white white is basically telling you there is an opportunity for you to look out for signal to enter on a long position because there is a high probability that the market wants to go higher black white white market goes higher black white why market unfortunately only goes up to two candles before it starts to drop okay black white what don't worry you'll notice that i'm picking the signal yes i am picking the signal so that you understand first then we incorporate other trade signals black white what black white what that's it it's that simple yeah it is that simple but we haven't i haven't show you where is the entry price where is this top loss and where you take your profit will come to that stage right now just recognize that this is black white white for bearish for bearish white black black but jonathan what about this there's white black white so what does it mean my question to you white black white is it the same as black white white or is it the same as white black black no so no means no okay if you are married you understand this situation wife you notice that when the husband sit in a corner looking just like that and you ask your husband dear what are you thinking the husband will say nothing i think most probably guys we can agree that the husband is thinking nothing isn't it but when the husband sees the wife sitting in a corner there what are you thinking about and she says nothing and if you think that that nothing means nothing you are in deep trouble okay so sometime in trading when there's nothing it means nothing don't make something out of nothing nothing means nothing so if white black white is not black white white or white black black nothing nothing means nothing nothing means what that means nothing that means long or short nothing so should i long or short nothing nothing means what nothing so what do i do wait for something wait for what white black black got something then wait for black white black nothing white black white nothing white black white nothing black white white something white black black something but then black black black how good lah if you shot really good bro if why why why how if you're long already good man okay so very simple don't make something out of nothing what if exaggerated uh what if is this the doji what if is this the doji because i saw this doji so is doji black or is doji white doji is nothing no no not black not white so is it black white white or white black black nothing doji is not white doji is not black so it's nothing nothing means nothing don't make something out of nothing okay unless you want to compare it with opening price closing price maybe the body is very small so if the body is very small my question then is it white or black that answers your question really okay so first criteria recognizing that this is why this is black this is why this is right okay so the first thing is recognizing that signal i'm gonna be picky so that you understand that signal first entry price this is the black white wire entry price too long is on that one two three black white white one two three it must happen on the very next candle when it goes higher than the third candle when it goes higher than the third candle that's your entry price mark it as blue okay the very next one but if what if the next day didn't hit the price then no more nothing no more already so it must hit on the very next candle when it goes higher than the third candle that's the entry price too long stop loss it's gonna be a little bit tricky let me change the color stop loss you have to ask yourself i got black white white the white and the white number two and number three candle which one is the smallest find which one is the smallest that will be your stop loss one so in this case the second candle is the smallest the high to the low of this second candle will be your stop loss in here i'm just estimation you can use a calculator or you can use this to calculate this is about 43.50 so this one is also about 43 50 so about that that will be your first stop loss okay i'm talking about this three candle black white white that will be your first stop loss your first stop loss is ask yourself the second candle and the third candle which one is the smallest that will be your stop loss what's the second stop loss second stop loss is the lowest of these three candles that's your second stop loss now your question to you right now is uh for one i'll answer the moving average question in a short while the question you should be asking is why there are two stop loss okay one of them is this stop loss at least reduce your risk if it's gonna go down at least your stop loss will not be that big so you pick the smallest of this white and white the second and the third candle but yes when you pick a smaller stop loss you may have a higher possibility of whipsaw that means it may trick you out then go up the direction that you want unfortunately that's the risk that you have to take but if you want a stop loss that at least minimize the whipsaw then that will be stop loss too the lowest of these three candles that will be your stop loss too in other words your stop loss too is die die must get out stop loss that means don't care already get up but what if it goes higher never mind get up you can always come back later so stop loss one is to minimize your risk then stop loss two is your die die just get out don't think about it just get out okay no still taking one position this is stop loss means get up is still that depending on which stop loss that you want okay now because this is the risk that you're taking this would be your profit one this will be your profit tool this will be your profit tree every time he hits a profit one two or three you have to make an executive decision you have to ask yourself three question do i want to take all that means close all position do i want to close only half position or do one to close none that means i want to hold on so that i get maximum profit all three decisions are correct it just depends on what's your risk what's your risk tolerance that you're willing to accept if i take all at tp one and it comes down i'm happy because i got all profit but if it goes up i got no more i have to look for another opportunity if i take half when it come down i still locked in half at least i set my heart the other half at break even i will not lose money anymore if it continues to go higher hey i still got half position i still can stay on if i decide to take none that means i leave all my position open at full position if the price comes down i lose all my profit but at least i don't lose money but if the price goes up even further i got my full position maximum profit so it depends on how much risk appetite that you are willing to take if you are at the beginning a little bit afraid then i would suggest you try take half half and half take half then you decide set a break even and see how far can the market go when i say opening position it doesn't mean that you're open by position twice perhaps if you trade like five contract you can take one contract one contract one contract or maybe can take close to contract you leave three contract to run or you take three contract close three contract and leave two contracts to run it depends on how you want to manage your position right similar thing four let me find one i know i'm going to manipulate the chart so i can give you a good example easier example to see alrighty i can't use that can't use that i'm trying to see somewhere closer that i don't have to erase that i'm finding a perfect one uh like this uh white black black this one i'm going to zoom in closer oh my god okay uh where is it where is it that's one right there okay let's find this white black black unfortunately there's a gap okay this happened to we can get this strategy works for stocks forex commodities crypto same thing if you use it in tesla it works but there is a gap technology okay that gap will kill your profit so ideally the entry price to short will be right here stop loss let's find out these two black which one is smaller it happened to be looks like this one is the smallest so that will be my stop loss the third candle happened to be the smallest candle that will be my stop loss one die die my stop-loss stop-loss will be the highest of this white black black and this is tp1 tp2 and db3 okay does mt4 allow me to take let's say 0.5 lot sell parts of it yes you can
it depends on what contract that you are taking because there are certain contracts for example in xc cash contract minimum contract size is one you cannot go smaller than one futures you can go as small as 0.01 so if you take the smallest contract 0.01 you cannot half okay so it depends on what contract you are taking um forward says yes they are whipsaw they may drive the price lower than the previous candle how many times do you expect this okay let's just put it this way if you want to avoid whipsaw as much as possible the word is as much as possible it never guarantee you trade bigger time frame okay you have to trade the bigger time frame you cannot trade too small of a time frame because if you trade too small of a time frame um the worst whipsaw you are going to get okay does it applies to all time frame yes but i'm going to use example on daily time frame first so that you understand okay i'm not going to teach fundamental because i do i don't trade non-fundamental i'm trading purely based on chart so this is just a setup first so any question so far about white black black and black white white we are just at the beginning part we haven't incorporate our trade signals yet okay example if let's say i want to trade this is a cash contract so minimum is 1. you notice
the minimum is one i cannot go smaller than 0.01 i cannot even go 0.5 because the minimum is 1. if i enter long position this is a demo account always practice with a demo account bye you will notice that i cannot do a partial close because the minimum contract size is one if i close i have to close one that's the minimum but if i enter open a position with a contract size of five and let's say i long five i got five contracts move my mouse to the terminal which is ctrl t ctrl thailand double click out of five i want to close one don't click the buy or sell because this means opening another new position if you want to do a partial close or close close how many i want to close one i got five i want to close one click the close now i left four double click out of four if i click four here i close i got four i close four that means close all or i got four i want to close one i left three i got three i want to close two i left one i got one i want to close one no more okay all right so this is a very simple strategy just for the first part so that you recognize that this is the setup look for a candle that is black white white or look for a candle that is white black black the entry price take note must always happen on the very next candle what do i mean a very good example right here i got a black white white on my last three candles black white white yes that's the setup okay that's the setup so that's my race no my wrist looks like this one is the smaller candle just estimation so right here right here right here okay then i plan this trade and put a pending order that tomorrow when price goes higher i will enter positions tomorrow didn't go higher so that means no more this trade got it must happen on the very next candle am i clear now forward you asking reason why i use mt4 not mt5 because mt4 or mt5 does not depend on you you cannot say i want to use mt5 because i want to use mt5 no it depends on the broker whether their backend server is mt4 or mt5 so the broker will tell you use mt4 or use mt5 not for you to design so xc currently is using mt4 metatrader4 so you cannot say that well metatrader5 is a newer version no it doesn't work that way okay so take notes the broker will tell you alrighty now next use it together with indicators yes aaron you are asking can i use this black white white and white black black together with bollinger band yes you can bollinger band standard two deviations where if the price goes outside it'll be great if the price goes outside the bollinger band that means they are extreme that means the price has gone to the extreme there is a possible reversal that means price goes outside bollinger 2 or bollinger tree has gone to the extreme like this black white white longa profits yes it can incorporate okay it can be incorporated now what if the next bar meet target but close low uh glenn i'm not gladly i'm not understand what do you mean the next bar mid target that means hit your take profit so the moment it hits take profit one you're supposed to make a decision take all take half take none but then your second part but close slow but when you hit me target you wouldn't know that it's gonna close low it's only after then only you close low right so when you hit tp1 tp2 tp3 make three execute the decision take all take half take none so when you take all take half take none then it come down if you take all you have no worries but then worst case you set break even or you use a trailing stop that means the moment you hit tp2 shift your brake even to tp1 if you hit dp3 shift your brake even to tp2 and so on rtp1 to tp2 okay but today i want to share with you a very simple strategy some of you you mean black white white you enter third white by close lower ah it closed lower on the third bar so you got stop loss isn't it the stop loss is always there to protect you because you wouldn't know when it will go lower if you know do let me know i also want to know when you enter you know the price is going to go up or down i'm also interested okay never mind now i'm going to use a very simple indicator called stochastic i know some of you were hurt so i will not um talk too long about stochastic if you are not sure what is stochastic um youtube okay youtube entry price must be higher than the no entry price must be higher than the high highest price not the body but the high must clear the price okay can enter lower i wouldn't know if the price can go lower we wouldn't know so we only set the entry price if it goes to the entry price enter but what if the hit entry price go down if you know i also want to know that you can predict the future we can't we are always playing with probability okay so i'm going to use two different type of stochastic one is stochastic 533 one is stochastic 1433 so there are two type of stochastic there are border lines between 20 80 20 80 both are the same okay so what's the difference okay faith uh i'll answer about sideway okay our answer about sideways okay when to avoid trading oreo now so what is the 2080 so i'm talking about this green line it's just a standard stochastic where it is stochastic 533 and 1433 it's a standard indicator that's available in every platform you do want to use you and use your broker platform the information that you learned today can also applies to your normal broker platform it need not be meta trader 4 or meta trader 5 or any broker okay now it's a standard stochastic 533 and 1433 that's the setup i'm looking at that green line right here that green line right there now 20 if the green line is below 20 that means the price is cheap if the green line is above 80 that means this price is expensive technical term cheap means oversold expensive means overbought now let's make it english english means if it's cheap it's not worth shorting it because it's quite cheap it's better to look for where i can buy because it's cheap right if it's expensive it's not worth buying because it's expensive but it is worth looking if i can short it because it's expensive does that make sense so when i use both stochastic 533 and 1433 when both are expensive this is really expensive that means it is worth shorting it okay when both are cheap unfortunately this one is cheap both are cheap but there is no black white white so when both are cheap it is worth longing it both are cheap but it didn't hit entry price um no more no more means no more so what do i do then wait until when both when both are cheap or when both are expensive i'm looking for when both are very cheap ah right here both are cheap oh yeah this one is a doji ah there's one here right here when both are cheap okay if the third candle goes lower but doesn't hit stop no the fourth candle because the third candle is still your black white white fourth candle goes lower doesn't hit stop loss yeah if it doesn't hit stop loss why should you be worried right it doesn't hit stop loss you are still in the game okay simple so if it doesn't hit stop loss why should i hit why should i stop loss right okay so does the concept of cheap or expensive sounds easy that means i wait until the price both are cheap i wait until the price when both are expensive then i look out for possible signal to shop or too long all right so far all right so far any question okay i i know you got a few more questions that you'd like to ask i do understand but we still now is only part two we go part three how to combine to make it even more precise but before that let's have a five-minute break okay you got set this template for pegasus trader yeah it's always there pegasus trader is always there okay uh aaron if you're a pegasus trader do look do watch out for the recordings you need to rewatch all the recordings okay let's have a five minute break we'll be back at 905 okay we'll be back at 905. 1433 and 533 okay i'll pause the recording so so so okay now let's recap before the break we learned about black white white white black black so this strategy will be very useful when this strategy will be very useful when both stochastic 533 and stochastic 1433 both are cheap at the same time or both are expensive at the same time so that means if stochastic 1433 and 533 says both are cheap i look out for black white white because i'm looking for signal to buy because it's cheap when both stochastic 533 and 1433 are expensive that means above 80 i'll be looking for white black black because it is expensive and it's good to shop okay now it sounds very simple but there is a flaw with this particular strategy any one of you can guess there's one major flaw with this particular strategy on a daily candle any idea where's the floor if i draw the vertical line only when both are cheap did you not notice there is a flaw not only we have to wait three days on a daily candle for this to set up black white white three candles but when both are cheap i'm drawing the vertical line only for those that are cheap doesn't mean that the moment both are cheap i was going to have black white white because if i don't have black white white i wait until it's cheap i do have black white white i have no opportunity to enter based upon this strategy then i have to wait until both are expensive then i have to wait until white like black but it doesn't oh i don't have to wait again i have to wait again i have to wait again and did you notice that every time a trader who are very anxious to trade but now are forced to wait do you know what will happen the trader will just forget it i'll just blindly buy like a blindly shot do you notice that's where the terminal disease comes called the ichi finger because i waited for here waited for almost two months before it's cheap again you mean for two months cannot trade because there's no signal unfortunately that's the flaw okay so if there if we know that there is a flaw with this what can we do right so why don't i ask another question i rephrase the question another way we all know that any time this green light below 20 is cheap any time this green line is above 80 it's expensive so we all know that we all know that but the unknown part is what happens in between 20 80 right so we know 0 to 20 is cheap 80 to 100 is expensive we all know that what to do but the big part is what happens in between 20 and 80 right there's a big chunk right there 20 to 80 is a big chunk so let me ask you a simple question do you notice the green line in between when it goes up in between 2080 and pointing up and both the 1433 and uh 533 both are pointing up that means the the green line moving up can you make a guess what is the price doing just a rough idea if this green line moving up make a guess what do you think the price is doing if both 1433 and 533 are moving up what do you think right so that means the price usually are going up and at a price between 80 and 20 the green line both are coming down that means there's high probability the price is coming down right but what if both what if 533 coming down but what if 1433 coming down by 533 going up don't have law don't have means don't have luck so you want both 1433 and 533 moving the same direction okay and when it is moving the same directions and it has the black white white it is not cheap but it is moving the same direction does that tell you the market wants to go in a certain direction but it's not cheap you see here it is not cheap it is not cheap but it is going that same direction i'm not here like that one more one right there see the green line both are pointing up so does that tell you that there's high probability that it wants to go up even though it is not cheap at that time does that make sense so you have a what we call a reversal that means you reverse from the price when it is cheap or reversed from the price when it's expensive or you can also trade with the trend that means if the small in small time frame indicator and the bigger time frame indicator tells you that it is moving up okay i look for black white white because i want to follow the market to go up okay and if there is a white black black and it just so happened that if the white black back are both pointing down why not you can take a chance am i right because it goes together with the flow you're not fighting when you're buying on cheap expensive you're fighting that he wants to reverse direction but this strategy now you're going with the flow if the flow wants to go down you follow down if the flow wants to go up you follow up okay better is stochastic closer to 20 not 80 no it depends on if you're longing or shorting okay below 20 is good it's cheap so it's good too long above 80 is look out for shots does that make sense alrighty makes sense right got questions do ask okay if i missed out your questions uh please repeat that question just in case because i'm only looking at the last few lines of your questions all right let's go back to no questions let's go back to the original one but it's already closer to 80 than 20 for long yep so you don't pick the one that is so close to 80 already because you've got let's just put it this way you have so many counters that you can look at you've got dow jones smp nasdaq russell nikkei hansen china 850 london germany france euro netherlands dollar yen euro dollar pound dollar dollar cap dollar swiss crosses euro yen you got oil gold you got crypto you have a lot so if this one don't have look for another one okay it's that simple alrighty now we go advanced okay we go a little bit advanced let me find a chart okay let me find a chart there is a white black black i find a recent chart so it's easier to see okay white black black and it's on hindsight jonathan why you show me everything that is on hindsight yeah that's because i can only show you things that are on hindsight so that you learn first or else how can you understand then we go live chat okay then we go live chat now white black black so we know where is our entry price to shop we know our stop-loss and on this day we know that the price goes down okay on hindsight we already know all right now my question to you if you see this chart if you see this chart on the daily candle what is your probability that tomorrow will go up now if you see this what is your probability that you think tomorrow will go up or down do you know roughly can guess that hey if i hit this entry price if i hit this entry price i make it blue so you understand that as entry price and that's my rate which is my stop loss so if the next candle drop below blue that means there's a very high probability the next day this particular counter will be black right no if it goes lower if of course if it goes higher you won't hit entry price anyway but because this white black black if it goes lower there's a high probability this candle will be black do we have that agreement because this is a white black black i know someone said but this is a hammer yes only if it goes up i'm saying if it goes down okay do we have that agreement yes so if we have the agreement that the moment price goes lower than this blue line there's high probability the next day it will be a black day agree so far so if you know that tomorrow this high probability will be a black day what if tomorrow on this day happen to be the 9th of may i want to trade the smaller time frame on 9th of may on the 9th of may this is the daily candle blacker on the 9th of may where's my where's my line my line disappeared okay ninth ninth of may that means the moment price goes lower price goes lower would i prefer to look for long on a 15 minute 30 minute hourly or would i prefer to look for short on a 15 minute 30 minute hourly no i forget we remove stochastic i'm trying to share with you how you can incorporate daily time frame so that you can trade the smaller time frame so what i'm saying is on the 9th of may okay on the 9th of may let's say i open up the 15 minute chart okay i have black white white am i interested no why because on daily candle tells me it's gonna go down so if daily candle tells me it's gonna go down i'm not interested in black white white i'll be more interested in white black black especially when it goes lower than my entry price anytime i see any white black black any time i see any white black black any time i see any white black black anytime i see any white black black anytime i see any white black black do you understand what i'm trying to share that means i use the daily candle to give me an idea whether today high probability will be white or today high probability will be black then i trade the smaller time frame why because i have time right maybe in the evening i'm not working i've got time to trade i only look out for that particular direction does that make sense okay let me give you an example this is on the 5th 16th of may this is 16 of me this is uh 13 of me and this is 12 of me we have a white a black white white on a daily candle we have a black white white this is yesterday so my question to you if i see that this is black white white what do you think the next day will do do you think the next day will go up or go down because this is a black white white you guess already it is a bullish oreo so i guess that today because this is yesterday today is 17 this is 16. so i guess that today pound dollar daily candle should be white if it goes higher than yesterday's high does that make sense that means there's high probability that pound dollar if it goes higher than yesterday's high today found dollar should be wide so if i'm trading on a daily candle because i'm working fine i will set my order too long i will set my stop loss maybe i set my tp and then cannot look at the market and when i see this oh i make money oh then you decide if you want to take profit and you're done basically because you're trading daily candle you got nothing else that you need to do does that make sense now what if yesterday because i saw that this is a black white white and today i think that this high probability pound dollar will be white and i want to trade the smaller time frame either the 15 minute 30 minute hourly or 4 hour you decide let's take a look at 15 minutes this is my entry price this is the high of this black white white that this is the this is the black white white so the moment it goes higher than this blue line that means my daily candle already heat entry price that means it is going white it is going white it is going white so since it is going to go white then i look for all the black white white one more black white white black white white black white white ayah never hit entry price uh black white white black white white black white white does that make sense so you incorporate what you see on the daily candle then you trade on the smaller time frame with the directions that you think it wants to go because on the daily candle it already tells you that high probability today is going to be white so i look out for all the black white white i ignore all the white black black because i'm not looking for the market to go down i'm looking for the market to go up okay the first one right here yeah this hit stop loss yes okay now is there a way we can avoid this stop loss we want to we also want to avoid this stop loss technically we only want to trade after 10 o'clock server time preferably so my question to you never mind i'll explain why after 10 o'clock for pound dollar any idea why we want to avoid trading all of this let me ask you a simple question this is pound dollar okay and this server time like right now right now is 9 26 server time right now is 16 15. so let me ask you a simple question um right now pound dollar what is uk people doing right now at 9 30 p.m singapore time what is uk people doing right now are they still in the office working yeah what is dollar u.s dollar people americans doing right now they are just getting into the office
so that means these two currency pair are active moving right but did you notice that this happens at 4 30 a.m 4 30 a.m is nine o'clock in the morning singapore time if this is nine o'clock in the morning singapore time that means in london will be at about two three o'clock in the morning and uh american will be at about nine o'clock at night they are definitely not in office unless they're trading the asia markets but this is pound dollar do you notice that so it's best to trade after 3 p.m singapore time for pound dollar euro dollar because that's when they're awake the both pairs are awake so if you want to trade in the morning what to do if i want to trade in the morning what should i do okay if we know expect next day is white what's the point going intraday no because some of uh jubing because sometimes some people want to scalp the smaller time frame because they got time to be in front of computer but if you're working then you cannot okay like right now i know today is white then i want to see whether i can get in some position okay so if i want to trade singapore morning at nine o'clock for example what currency should i look at major currency you can trade across also but what major currency should i be looking what major currency should i be looking at nine o'clock singapore time in the morning no but so far we don't there's no currency strength there is no currencies right my question if i want to trade singapore nine o'clock aussie yen okay let's take a look at dollar yen dollar yen do we have anything don't count don't look at today look at the last three candles except today do we have anything black white black nothing nothing means nothing okay let's take a look at aussie dollar ah don't look at today but we got black white white so that means high probability today is white so if today is white and and if i'm listening on a trade the smaller time frame that means the moment it goes higher than yesterday high i look for all the black white white black white white uh black white white you you right uh look at new zealand dollar oh oh we got black white white oh tells me today high probability why oh so even if i enter daily candle still profit if i enter on a smaller time frame i still go up no need to guess if the chart looks like that definitely got is profitable or not if you're long england right um new zealand yen you were saying new zealand yen let's take a look oh oh sorry sounds never mind and it's supported by 200 you notice if you've been watching my youtube i always have this 200 simple moving average which is a red line and 200 exponential moving average which is the orange line and it's at support it hits a 200 day acting as a support and it got a black white and it is cheap what else do you want you notice all the thing comes together that basically tells you today high probability white candle so all you need to do is go in one gazillion contract and right now you can run for u.s president i don't do that doesn't that all match together where all the wind blows together it is cheap on both 1433533 it has a black white white and it's also being supported by 200 ema and 200 sma and all you need to do set a pending order okay note if you're looking at vx but this is currency so you cannot mix that much okay but if you're talking about vx vixx loves oreo only on daily candle vics loves oreo only on daily candle not on a smaller time frame already if vic's going to go up that means what the indices going to come down so my question is is there a white black black if there are white black black is it too cheap to shock really if it's not cheap it's not too cheap then it's worth trying okay smp let's take a look daily candle unfortunately there's no black white white so no black white white nothing is nothing don't look at nothing to look at right okay now a tip a tip germany dax loves oreo in all time frame 15 minute when i say all time frame means 15 minutes 30 minute hourly don't look at one m1 m5 okay we don't look at m1 and 5. usually germany dex loves to follow oreo if it triggers that's high probability it is a profitable trick even on a 50 minute but it has to be after 3 p.m
why because germany is sleeping in the morning singapore time right you'd want to treat germany when no one is trading germany so usually after 3 pm oreo it is a profitable strategy we have a black white white profit we got a black white white profit we have a black white white profit is just how much profit but still profit black white white some profit yeah even the white black black their tiny profit is just how much money but there's about one to one on a 15-minute chart can i long now can i long now no no no now as in now now you see now now now i do a practice i'll be practicing now as it now now is in now now why because it's black white white but let's check uh we jump ahead because i just happen to see it we jump ahead let's take a look at stochastic is it both are expensive no only one is expensive one is not expensive okay fine that means maybe can both are pointing up okay that means it's good too long not good too short okay we just got a black white white because the moment it goes higher than this high below we just missed by a little bit okay so where's my stop-loss my stop-loss will be the smallest of these two candle it just so happened that the smallest of this two candle is here maybe heat maybe haven't hit but just now where we entered it actually came down first so we entered here so this will be my stop-loss if we hit my stop-loss done nothing to say now let's see whether can it go higher that's it okay now i know that's a certain question but jonathan did you saw that the second candle is higher than the third candle yeah my entry price is always based on the third candle only the stop loss is based on the smallest of the second and the third candle so it doesn't matter if the second candle is higher than the third candle okay i do not know this is happening now got profit got profit no profit cut loss done okay europa just now got a oreo 15-minute chart when both are cheap there is a oreo when both are cheap okay ah where's my tp1 here just a rough eyeball estimation dp2 just a rough eyeball estimation db3 would you use a buy stop sell stock let the price hit yes if there is time to set a buy stock stealth stock now let's say market closed today i have my buy stops set up price yes provided that is a daily candle you cannot set what i'm trying to say is like here i got black a white black black market close then you set a pending order your problem is the moment market closed on a 15-minute charter you saw as the u.s closing there's a white black black and you set a pending order no it doesn't work that way the reason is this is a 50-minute chart when a trigger here at five o'clock in the morning u.s already go and drink beer because they finish work already europe already sleeping already asia we haven't even wake up so no only on daily candle yes so still dangling there okay let it wait already set entry price already set stop loss and already know where's my tp1tp2t let's see this live chat i do not know whether it will go up or down so i have no idea okay i can only know where's my stop-loss i do not know whether it will go up or it will go down alright is the oriole strategy suitable for options yes but you cannot use the options chart example this is the hottest counter right now so don't learn from warren buffett learn from elon musk okay now this is 17 this is today today today now market open ready how come i got white black black how come tesla don't want to go down how come tesla don't want to go down why why tesla do you want to go down because this is white black black one that's glass should go down why tesla is not going down yet why tesla is not going down yet by the way if you are trading stock it can only be applied on daily candle stocks is only on daily candle if you do not know the answer it's a very simple answer it hasn't hit the entry price too short so you cannot shock no because a very simple answer it hasn't hit the low of this candle so tesla is not going down okay yeah so the entry price to short is only when you go lower than yesterday's low okay now what am i saying very simple i know that this is white black black no need to turn on stochastic there's high probability tesla is expensive so the moment if it goes lower than this there's a high probability that perhaps tesla is going to go down then you may want to look for cell you may want to buy put on tesla stocks based on daily candle only on daily candle okay very long if you shot early you also die early okay so which option to choose that's not my specialty i don't trade options i only look at charts alrighty so only stocks can only look at daily candle you cannot look at smaller time frame only for stocks so remember that okay now we all know so far when oreo is useful but not every strategy can be used at all time always remember that so you must know when not to use oreo can you make a guess when oreo cannot be used when oreo like like you see here tesla white black black since you know this white black black by call i just do not know how you calculate target price based on previous resistance and so on okay so oreo cannot be used when the market is side
2022-05-20 00:27
