The easiest way to trade whether or not it’s Forex indices stocks doesn’t matter okay the easiest way to trade and profitable all right so when you think back to any sort of form of charting diagram or anything you know it could be an emoji on your phone it could be an example of:
“Once you know it marks off paint from when you’re a kid or whatever or you know any sort of GIF or GIF it would always look something like this right when you click on a chart okay so a chart would look something like this up down up okay”.
It shows that the chart is moving in a trend all right so it just shows a trending market like this what I tend to do and I tend to do quite successfully and the guys in my group do extremely successfully is betrayed pullbacks.
it’s as simple as that okay there’s no need to massively overcomplicate it I’m going to show you on the charts multiple examples of where pullbacks are traded but I’m going to go into a tiny bit of detail on what I try to identify in a pullback of what to go for now I’ve got quite a few friends who are involved in crypto and they talk about like they don’t.
Don’t mean for it to sound rude but they don’t seem to know what they’re doing buy the dip buy dip well okay if you buy the cool dip you are buying a pullback but there are certain parts of that pullback that tend to have more success than the rest okay so what I tend to look for in a pullback.
because that is my style of trading once you can identify the market whether or not it’s range bound or if it’s trending you can identify that the market is trending and by that, you just have a break of these highs.
So it can be as simple as that you have a starting point you have an endpoint you get a pullback so move down and then the price comes up and breaks above that previous High okay so as soon as it breaks and continues forward technically speaking you are now trending in this direction and the new leg which you need to look at is between here so this part and this is going be the next pullback zone so when the price starts.
Pulling back and people say to buy the dip where is it on this leg that you’re looking for to get involved well mathematically that’s the key thing we’re trading it’s got to work.
How to use this strategy:
Continue the trend now to make this work let’s use let’s just use this middle part as an example:
let’s say that we have an order block at the extreme okay so we’re just going pretend for the time being that we’ve got all the blocks right at the extreme so this could be a downward-facing candle it could be an opposite candle I tend to use uh White candles which lead up and red candles which lead down.
so let’s just say for example:
This is a red candle facing down right here before white candles leaving us up and price tends to pull back in the reason why I like to try to Target the extreme where possible is that mathematically as I come back to it works the best because we know that our Target at least the initial Target is likely going to be this swing if we are Trend which means that we’re going in the flow direction of the market we want to at least break this High it doesn’t always happen sometimes the price will come close to it pull back a little bit further and then break through sometimes it doesn’t even reach it but about 60 of the time.
It does so I tend to put my stop loss just behind the nearest ring or just behind that order block let’s say I get my entry on there and I get the best mathematical chance of making it work so even if I won for example I knew.
this is just an example of let’s change this so it’s one to oh let’s say it’s one to seven right we’re going Pretend This is one to seven in ritual board ratio let’s say that I get this right only 50 of the time that means that I’m still going to be positive out of say I don’t know two trades I’m right fifty percent of the time.
So I’m going lose one so it might be minus one but then I’ll be plus six after I win the other one which is plus seven so mathematically it.
How the market works:
I tend to do it just by trading pullbacks and it is so simple it’s how the market works all right it needs to continue in the direction where it’s going it could be a downtrend okay?
could be simple just in a downtrend doing the same as soon as you get these breaks of structure it’s indicating that the market is continuing in that direction and where you want to be placing your orders. ideally in the furthest point back so these are known as points of interest or water blocks or opposite candles or supply and demand or whatever some sort of form of structure you want to try to Target as far back as you can or I tend to anyway.