Full 30 Day Trading Plan: Become Profitable In 2024 (5% Traders only!)

SPEKTRADES
11 Mar 202428:04

Summary

TLDRIn this video, SPC Trades outlines a comprehensive 30-day trading plan designed to enhance profitability and trading skills. The plan includes setting personal trading goals, establishing daily non-negotiables, monitoring a focused market watch list, and identifying key trading sessions. It emphasizes the importance of top-down analysis, proper risk management, and daily trade reflection. The video also provides a template for tracking progress and suggests resources for further learning, encouraging traders to journal, backtest, and read trading literature for continuous improvement.

Takeaways

  • 🎯 Establish clear trading goals, such as becoming a successful trader and providing financial security for loved ones.
  • πŸ›Œ Follow daily non-negotiables like meditating, journaling, and exercising to maintain discipline and a positive mindset.
  • 🌐 Focus on a select few markets (e.g., GU and NAS 100) to master them rather than spreading attention across multiple pairs.
  • πŸ“ˆ Utilize market watch lists and understand correlations, such as the relationship between the DXY and major currency pairs.
  • πŸ“Š Apply top-down analysis by examining higher time frames (weekly, daily, 4-hour, 1-hour, 15-minute) before refining with lower time frames.
  • πŸ”„ Use Fibonacci and order blocks to identify potential reversal zones and points of interest for trade entries.
  • πŸ“‰ Trade with the trend, looking for sales in a bearish trend and buys in a bullish trend.
  • 🚧 Implement risk management by cutting losses short when trades do not react as expected and taking partial profits at old highs or lows.
  • πŸ”„ Regularly backtest and journal trades to improve recognition of setups and learn from past performance.
  • πŸ“š Dedicate time to reading trading books and resources to continuously enhance knowledge and trading strategies.
  • πŸŽ‰ Complete a 30-day trading challenge with a structured plan and reflection to track progress and refine trading skills over time.

Q & A

  • What is the main purpose of the trading plan discussed in the video?

    -The main purpose of the trading plan is to help traders set up a structured approach for the next 30 days to improve their trading skills and become more profitable.

  • How can one access the trading plan template mentioned in the video?

    -The trading plan template can be accessed by checking the link provided below the video description or by following the speaker on Instagram @spect trades and sending a direct message.

  • What is the speaker's personal goal as stated in the trading plan?

    -The speaker's personal goal is to become an incredibly successful trader with over seven figures in trading capital, to educate and inspire others, and to provide financial security and support for their loved ones.

  • What are the daily non-negotiables that the speaker mentions in the trading plan?

    -The speaker's daily non-negotiables include meditating at 5:00 a.m., morning journaling, clearing their mind, self-checking, waking up their body, and starting the day positively.

  • What are the key elements of the trading plan's point of interest confluences?

    -The key elements of the point of interest confluences include trading with the trend, ensuring liquidity is present at the point of interest, looking for a break of structure or possible imbalance, and checking for order blocks and Fibonacci alignments.

  • How does the speaker suggest managing trades according to the trading plan?

    -The speaker suggests managing trades by always trading wisely and only in optimal setups, cutting losses short if the trade is not reacting properly, taking profits partially at every old low or high, and never marrying a setup or a market.

  • What is the significance of the top-down analysis in the trading plan?

    -The top-down analysis is significant as it helps traders to develop a weekly bias, understand market trends, identify key reversal zones, and find potential trade setups by analyzing different time frames from weekly to minutes.

  • How does the speaker recommend traders improve after a trading day?

    -The speaker recommends journaling each trade, conducting a backtest session, closing the trading platform, and reading a trading book for 15 minutes to an hour each day to improve their skills and understanding of the market.

  • What are the recommended steps for scaling down from higher time frames to find a trade setup?

    -The recommended steps for scaling down are to start with the weekly chart, move to the daily, then to the 4-hour, 1-hour, 15-minute, and finally to the 5-minute or 4-minute charts to refine the trade setup and find a confirmation entry.

  • What is the speaker's advice for managing emotions and avoiding tilt after a loss?

    -The speaker advises to journal the trade, do a backtest, close the trading platform, and then step away from the charts after a loss to avoid revenge trading and tilt. For wins, the speaker suggests the same routine to prevent greed from leading to impulsive trades.

  • How does the speaker propose to track progress over the 30-day trading plan?

    -The speaker provides a checklist within the trading plan where traders can mark off each day of trading, and at the end of the 30 days, they should write a recap of their experience and emotions during the challenge to reflect on their progress.

Outlines

00:00

πŸ“ˆ Introduction to the 30-Day Trading Plan

The speaker introduces a comprehensive 30-day trading plan designed to enhance trading skills and profitability. They encourage following on Instagram @spect trades for active updates and direct messages for queries. The trading plan includes a free course and a template for setting personal trading goals, daily non-negotiables, market watch lists, and trading sessions. The speaker emphasizes the importance of aligning with market trends, managing risk, and focusing on optimal setups, recommending trade in two markets for mastery and adaptability.

05:01

πŸ“Š Top-Down Analysis and Trading Strategies

The speaker delves into the top-down analysis approach, starting with weekly charts and moving down to daily, 4-hour, 1-hour, 15-minute, and 5-minute charts to refine trade setups. They discuss the significance of recognizing market trends, identifying order blocks, Fibonacci retracement zones, and fair value gaps. The strategy involves trading with the trend, looking for sales in a premium zone and buys in a discount zone, and using confluences like old highs and lows for potential trade entries and exits.

10:03

πŸ“‰ Trade Execution and Risk Management

The speaker explains the process of executing trades based on identified point of interests and confluences. They emphasize the importance of cutting losses when trades do not react as expected and taking partial profits at old highs or lows. The approach involves not marrying a setup or market, as market control is impossible, and instead reacting to market conditions. The speaker also discusses the concept of trading with the trend and using support and resistance levels for better risk management.

15:03

πŸ“Œ Post-Trade Analysis and Journaling

The speaker stresses the importance of post-trade analysis and journaling as tools for improvement. Traders are encouraged to record the outcome of each trade, the rationale behind it, and to reflect on their performance. This daily practice is aimed at identifying patterns, understanding emotional influences, and refining strategies. The speaker also suggests closing trading platforms after each session to avoid impulsive decisions and recommends reading trading books for continuous learning.

20:04

πŸ”„ 30-Day Trading Plan and Reflection

The speaker concludes with a 30-day trading plan checklist and emphasizes the importance of daily trade reflection and backtesting. They suggest a structured routine of trading, analysis, and learning, including closing trading platforms after a loss to prevent revenge trading. The speaker encourages reading for 15 minutes to an hour daily from recommended trading books and proposes a relaxed approach to trading, viewing it as a game of probabilities rather than a quick wealth scheme.

Mindmap

Keywords

πŸ’‘Trading Plan

A structured approach to trading that outlines goals, strategies, and daily routines for a set period, such as 30 days. In the video, the speaker introduces a comprehensive trading plan designed to help traders become more profitable and disciplined in their approach.

πŸ’‘Risk Management

The process of controlling and mitigating potential losses in trading by using strategies such as setting stop losses and taking profits at key levels. In the context of the video, the speaker emphasizes the importance of proper risk management to protect trading capital and ensure long-term profitability.

πŸ’‘Point of Interest (POI)

A specific price level on a chart that traders consider significant for making trading decisions, often due to historical price action or technical analysis. In the video, the speaker uses POI to identify potential entry and exit points for trades, focusing on confluences and market structure.

πŸ’‘Top Down Analysis

A method of technical analysis that starts with higher time frame charts and works down to lower time frames to identify trends and potential trade setups. The video script describes a detailed top down analysis process, which includes examining weekly, daily, and hourly charts to establish a trading bias.

πŸ’‘Fair Value Gap

A price level on a chart that represents a significant change in market sentiment or a break in price structure, often resulting from a large volume of trades. In the video, the speaker uses fair value gaps as one of the key elements in identifying potential reversal zones for trading.

πŸ’‘Order Block

A price range on a chart where a high volume of orders is concentrated, often acting as a support or resistance level. The speaker in the video uses order blocks to predict where price might reverse or consolidate, forming a crucial part of the trading plan.

πŸ’‘Liquidity

In trading, liquidity refers to the ease with which assets can be bought or sold without affecting the asset's price. The speaker discusses the importance of liquidity in confirming the validity of a trade setup, as it indicates market participation and potential price movement.

πŸ’‘Market Watch List

A curated list of financial instruments or assets that a trader monitors closely for potential trading opportunities. In the video, the speaker shares his personal market watch list, which includes specific indices and currency pairs that he actively trades.

πŸ’‘Daily Non-Negotiables

A set of daily routines or practices that are considered essential and non-negotiable for personal discipline and success. In the trading context of the video, these could include meditation, journaling, and physical exercise to maintain a clear mind and positive mindset for trading.

πŸ’‘Backtest Session

A practice where traders review historical market data to test the effectiveness of their trading strategies without risking real capital. The video script mentions daily backtest sessions as a crucial part of the trading plan to improve recognition of trade setups and enhance trading skills.

πŸ’‘Journaling Trades

The act of recording and reflecting on every trade taken, including the outcome and the reasoning behind the decisions made. In the video, the speaker stresses the importance of trade journaling as a tool for self-improvement and to track emotional responses to market movements.

Highlights

The speaker introduces a 30-day trading plan designed to improve trading skills and profitability.

Traders are encouraged to follow the speaker on Instagram @spect trades for active engagement and questions.

A free trading course is available alongside the trading plan for enhanced knowledge acquisition.

The trading plan includes a customizable goal setting template for individual traders.

Daily non-negotiables are emphasized for consistent trader habits, such as meditation and morning routines.

The plan details watching specific market indices like GU and Nas 100 for trading focus.

Trading sessions are categorized by market activity, such as London for reversals and New York for continuations.

Point of Interest confluences are identified for optimal trade setups, including trend alignment and liquidity checks.

Risk management strategies are discussed, emphasizing cutting losses short and taking partial profits.

The importance of not marrying a setup or market is stressed, as market conditions can change.

A top-down analysis approach is introduced, starting from weekly charts and scaling down to lower timeframes.

The speaker explains how to identify and trade using Fibonacci retracement zones within the plan.

Daily trade reflection and journaling are recommended for continuous improvement and tracking progress.

Backtesting is suggested as a daily practice to familiarize oneself with recognizing trade setups.

Closing trading platforms after a trading day is advised to prevent revenge trading and maintain discipline.

Reading trading books for 15 minutes to an hour daily is recommended for educational purposes.

The speaker provides a 30-day challenge completion recap for reflecting on the trading experience and emotions.

Transcripts

play00:00

what's good everybody SP TR back here in

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this video we're going over a full

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trading plan that I have set up here for

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you guys to go in and set up for

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yourself for the next 30 days you can

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execute this to help you become a better

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and profitable Trader before we get

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started on the video make sure to give

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me a follow on Instagram @ spect trades

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this is where I am most active at if you

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have any questions make sure to give me

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a DM on Instagram @ spect trades let's

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hop back in so first and foremost right

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here in this trading plan uh I will have

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it linked down below and I have also a

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free trading course that goes to this

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trading plan also if you want more

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knowledge so it's going to be a free

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course and a trading plan so make sure

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to check out the link below for all for

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all the resources right here if you want

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this trading plan template most right

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here I have a go/ y for the PDF template

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in the word template I would say you can

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come in here and put your own goal right

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here right so uh so for the goal that I

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have put I have put um I want to become

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in incredibly successful Trader and have

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over seven figures in trading Capital

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educate and Inspire others and provide

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Financial Security and support for my

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loved ones right so that's like a goal

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for me and then for the daily uh

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non-negotiables right these are just the

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daily things that you will show up every

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single day that you will do right so for

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me um is personally meditate at 5:00

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a.m. Morning Journal uh clear my mind do

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self check wake my body up and get

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positive right you can come in here and

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change these um for your daily n uh

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non-negotiables right you're probably

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not waking up at 5:00 a.m. but you can

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wake up um at input the the time you

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want right you probably uh want to read

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meditate go for a walk go to the gym

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something right but this is like your

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daily non-negotiables right you can come

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in here um for the next 30 days and just

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um check them out

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yourself and then for the for my

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personal um market watch list I

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personally watch um for right now I only

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watch gu and Nas 100 but um these are

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just the main watch list right that a

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lot of people will look at right

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probably gu Euro USD you um entity USD

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us30 and the US dollar Index right the

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dxy right because all these pairs right

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here correlate with the dxy if the dxy

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go up gu edu and Nu will go down and if

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the dxy is going down um it's just a

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good correlation to see that gu edu and

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and and Nu is going up so the dxy we use

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that as for correlation so that's for

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all these three right here so these are

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just the main kind of pairs that a lot

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of people watch uh you can put uh put

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your pair right here it's probably gold

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uh usdjpy but me personally I only trade

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gu in Nas 100 and for the trading

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sessions these are just like the the

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main trading sessions right like for a

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London session there's manipulation

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reversals um that's what like the

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reversals happen and then for for New

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York session we have our continuations

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slash our expansion and then for asent

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session that's when uh consolidation and

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liquidity getting built up

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and then right here we have our point of

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Interest confluences right these are the

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uh these are the things that we are

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looking for when we are looking at our

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point of Interest or or when we are

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marking up our chart right so first we

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have um to always trade with the trend

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uh bullish Trend equals wait for price

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to come in to Discount to buy bearish

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Trend equals wait for price to come to

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to premium to sell liquidity have to be

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present at our

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POI was the liquidity taken did price

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give liquidity sweep and did a cach or a

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break of structure happen possible

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imbalance or fair value Gap present

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right possible order block that did the

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break of structure and and is it

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possibly aligned in the OT U FIB branes

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uh the

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0.62 the 0.705 and the 0.79 or the 0.88

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so right here is our point of interest

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confluences that we use right when we

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are looking for our point of Interest u

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a main key right here is not all

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confluence have to be present if two or

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three of these stated above is present I

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will place my trade and have proper risk

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management so not all of these have to

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be um aligned right we only need around

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two or three for uh for us to place our

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trade for our trade management we have

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to always trade wisely optimal setups

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only if we don't see no uh no optimal

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setups we go into the next Market or the

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next trading day right because um I only

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advise you guys to only trade two two

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markets I would say don't look at at

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five pairs or six pairs right uh don't

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be on a search for for setup I would say

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but like sticks with two stick with two

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markets and just Master them so trade

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wisely optimal setups only no optimal

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setup we go to the next market and then

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right here we have to be always

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observant of the momentum of price

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action When approaching our point of

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Interest so if you had watched my last

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previe my last previous video on on the

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final top down analysis I had go over

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momentum extremely right momentum on how

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pric is coming to our point of interest

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is a key step on us doing our top day

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analysis so always be observant of the

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momentum and then right here we have

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always cut losses short if trade is not

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reacting to our point of Interest

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properly so if we see that price is not

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reacting to our uh to our point of

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interest is um correctly and we see that

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we are getting in heavy draw down and

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just price is just moving too sharp in

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our point of Interest we will always cut

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our losses sort right and just exit out

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of trade and then right here we have

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take profits partials at every old low

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or high right you don't know how price

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will reverse I would say so make sure we

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always take uh take partials or profits

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right and just pay ourselves first

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before we can um let let our runners run

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I would say right so make sure we always

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take profits SL partials at every o low

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SL high and then right here is never

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marry a setup or a market we cannot

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control the markets we can just react so

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if we see we may see a clean setup I

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would say right with uh a lot of

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confluences a lot of things right but

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price action is just not moving

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correctly I would say that right there

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is is for us right here to go back and

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cut our losses short or just uh step

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away from the market right we cannot

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control the market right we can our job

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is to merely just react to the market

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but not to control it and just for it to

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force a setup I would say so never marry

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a setup or a market right that's why we

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have two markets just in case one uh one

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is not showing us correct price action

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we go to the next one

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right that's so that right here is for

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our Trad management right here um you

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can also come in here and place your own

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point of Interest confluences also it

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may not be these right here but these

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right here are just my key uh point of

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interest

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confluences and then right here we have

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our top down analysis right here right

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so for our top down analysis we'll be

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going on the live charts right now for

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us to go over a live top analysis where

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I will be going over the weekly the

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daily the 4 Hour the 1 hour sl30 minutes

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if we need right and then um we will

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scale down to the 15 minutes and then to

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the lower time frames to see if we can

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find us a trade so let's hop on the live

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charts and see if we can get it done so

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now that we're back on the charts right

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here we have our top analysis so first

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we'll be going over the weekly the daily

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the 4 Hour the 1 hour and then we'll

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going over the 30 minutes SL the 15

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minutes to refine and then we'll be

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going over the 5 minutes the 4 minutes

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and the 3 minutes the 2 minutes or the 1

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minute right just for to see a clear

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lower time frame point of interest for

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us to enter our trade so first and

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foremost we have to develop our weekly

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bias what is the weekly trying to show

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us so right here we can see that price

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came and mitigated this weekly order

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block boom price came and tapped in this

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weekly order block and then broke this

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swing low right here gave us a change of

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character we just going to put this

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right here as change of character coach

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boom just like I stated in the top down

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analysis video video we see that price

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was once going up but now price is

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looking to go for lower prices boom so

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price now comes and clear this coach

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right here so now we can see that we are

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in a bearish trend right here so the

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first thing um just like I stated in the

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PDF we always trade with the trend right

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here we see that we are in a bearish

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trend we see that Sals would be more

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profitable for us than we are uh than

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for us to go along right here so let's

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scale down to the Daily now right after

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we have found our weekly bias right so

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for our weekly we see that we are

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bearish now let's get down to the Daily

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and see what we can see now that we are

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on the daily we can see that price give

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us this clear weekly range right here so

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this is our weekly range so this is the

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top of the range and this is the bottom

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of the range

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boom okay cool this in red and now we're

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going to grab our Fibonacci and just

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from the high me personally I kind of

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use the

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bodies

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boom and then boom right here so

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anything in this range right here is for

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us is a good reversal zone out here

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right so as we can see price had cross

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let me put it right here let me put

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discounted premium price price at Cross

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uh equilibrium and now we are in premium

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zone right when we are in premium just

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like I stated in the last video we are

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looking for sales when we are premium we

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are looking for sales and when we are in

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discount we are looking for buys make

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sure you watch my discount in premium

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video that I released a couple days ago

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right that goes more in depth in this

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use our Fibonacci again and we can see

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that we are now inside of of our premium

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Zone and one of our confluences is for

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price to tap into our OT Zone daily now

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came and tap into our weekly OT zones

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and now that we see this we can scale

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down even more now on the 4 Hour to see

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what the 4 Hour is showing us so right

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here marked in red is our now on the 4

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Hour we can see that price came and tap

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into our OT Zone boom price came and tap

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into it and then when went lower right

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here and gave us this low right here and

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then this low right here came back up

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but failed to break this old high right

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here boom this low failed to break this

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old high just like I stated in the

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mitigation Block video this right here

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is a Fior swing price failed to push

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price higher boom and but came back down

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and broke this old low right here giving

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us a change of character make sure to

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also watch my mitigation Block video

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also right where I go more in depth into

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this so we see that price came and tap

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into our on the 4 Hour now price came

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and tap into our daily OT Zone let me go

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back on the

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daily

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right so this was our weekly range from

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this high to this low we had just

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grabbed our

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Fibonacci from the high boom right here

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so on The Daily price came cleared this

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old high right here boom clearing these

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old highs

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liquidity and then we escal down to the

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4

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Hour boom price came in clear these old

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highs and then went and tapped into our

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daily OT Zone

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boom and then price came back lower and

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give us this

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low right here this

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low but this low right here failed to

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push price higher it failed to give it a

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solid Breck of structure right here but

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it respected this old

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high price respected this old high as we

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can see it did not came and break it

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right it respected it and then it came

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and purged through lower through these

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old lows right here so we can state that

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price was once in a bullish format to

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now price looking to go lower so now

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right here on the 4 Hour this is where

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we look for our point of Interest right

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our higher time frame point of Interest

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so uh what we can see we can see that

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price left us this beautiful 4-Hour

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order block I will be personally using

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the Buy IES and price also left us this

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fair value Gap another one of our

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confluences right boom so price ta into

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our OT and gave us a change of character

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clearing these old lows right here and

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left us a fair value

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Gap boom right here and left us this

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beautiful bearish engulfing order block

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so for us we can see that price would

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come back and fill in this fair value

play12:24

Gap right here and tap into this 4H hour

play12:26

point of interest for us to go to lower

play12:28

prices

play12:29

right here we can also take the trade

play12:31

right

play12:31

here but we can see that uh our stop

play12:34

loss will be way too big and so we'll

play12:38

scale down even more right to see if we

play12:40

can see more uh Better Price action on

play12:42

the lower time frames so just like I

play12:44

State we're going to scale down to the 1

play12:46

hour right here on the 1 hour this is

play12:48

our 4H hour body right we can see that

play12:50

price inside of this 4H hour body price

play12:53

left us this

play12:54

other fair value Gap boom so this was

play12:59

our 4H hour order

play13:01

block boom and then inside of the 4 Hour

play13:04

order block on the 1 hour we can see

play13:06

that price left us a fair value Gap as

play13:08

we know the fair value gaps will come

play13:10

back and get filled so this right here

play13:12

this order block right here is more

play13:13

Confluence I would say so this is our

play13:16

faal swing price failed to push price

play13:17

higher but came in give us a break of

play13:19

structure a change of character also

play13:22

right a change of character is just a

play13:23

formal breakout structure price was

play13:25

going bullish now price is looking to go

play13:27

bearish so now we

play13:31

can push

play13:35

price and then boom we see that price

play13:38

comes and fill in our fair value

play13:41

Gap but we can't actually take our

play13:43

trades right here so we'll scale down

play13:45

even more to the 15 minutes to see what

play13:47

price is showing us okay now on the 15

play13:49

minutes this is our 4H hour range this

play13:52

is where we are looking for price to

play13:54

come and tap into now let's see what

play13:55

price is showing us even more 15 minutes

play14:00

okay we can see that price came and left

play14:02

us this liquidity Wick right here this

play14:04

Wick right here is a liquidity Wick even

play14:07

even though it came close to our point

play14:08

of Interest boom it failed to even uh

play14:11

tap into it but and there's no volume in

play14:14

this body right here right there's no

play14:15

volume in this wig the volume is in this

play14:19

order block right here boom in the body

play14:21

right here and price already came and

play14:23

mitigated it as we can see this

play14:24

Candlestick pushed up and mitigated it

play14:26

so this is our shortterm High boom so

play14:31

we're going to remove this right here

play14:32

this is just more Confluence for us

play14:34

right here right 4our 4 Hour point of

play14:37

interest to uh to just hold more right

play14:40

so let's scale down even more on the 5

play14:42

minutes now to see what we can

play14:45

see right here as you can see this is

play14:48

our 15-minute Wick boom our 15minute uh

play14:51

liquidity Wick let's count down to the 5

play14:54

minutes let's bring everything back now

play14:57

let's play price

play15:01

boom now we see that price tap into us

play15:03

now right price tap into this fair value

play15:05

Gap in our 4our point of Interest right

play15:09

here right so now we are looking for a

play15:11

dis uh displacement now right we are

play15:13

looking for a old low out say to get

play15:15

broken now we're just going to play

play15:17

price to see if price give us any old

play15:19

low to get broken we might uh we may

play15:22

look for this low to get broken or this

play15:23

low right these are the swing lows we

play15:25

were looking to get broken okay price

play15:27

clear this old High now we're looking

play15:29

for one of these lows to get

play15:30

broken let's St

play15:35

price now we see that price clear this

play15:38

old low right here

play15:40

boom now let's scale down even more on

play15:42

the lower time frames to see what's

play15:44

price showing us let's go down to the

play15:45

four

play15:46

minutes uh on the four minutes nothing

play15:50

too

play15:51

clearly right nothing too clearly let's

play15:53

see for uh let's play price and see and

play15:56

see if price comes in clear this old low

play15:58

right here but we we got a break of

play15:59

structure right here boom now let's see

play16:02

if price can give us a clear break of

play16:03

structure of these old lows

play16:07

also and then we can see that price

play16:09

comes and clear these old lows also boom

play16:13

and now for our 4 minutes right this is

play16:15

our lower time frame range right so we

play16:17

can see that price came and tap into our

play16:19

4 Hour point of interest and came and

play16:20

gave us a breakup structure of these old

play16:23

lows right here so this is our swing low

play16:26

just like ICT to us this is one one low

play16:30

one low and then boom so this is our

play16:32

swing low one low one low and then boom

play16:35

right here

play16:37

right but we can see that price came in

play16:39

clear this old low first right so and

play16:42

then from this old low what we can see

play16:45

we can see that price took liquidity of

play16:47

these old highs so price took liquidity

play16:49

from these old highs cool and then came

play16:52

in tap into this probably on the lower

play16:54

time frames tap into this order block

play16:56

before giving us another break of

play16:58

structure so now this is our lower time

play17:00

frame range so from our lower time

play17:02

frames is

play17:06

here and to this low right

play17:10

here cool so we went from the weekly the

play17:13

daily the 4H hour the 1 hour the 15

play17:16

minutes and now we are on the 5 minutes

play17:19

SL the 4 minutes right just to see what

play17:21

price is showing us right we could

play17:22

easily take the trade right here right

play17:24

place our trade right here but this is

play17:26

our confirmation entry just to be more

play17:27

precise and just for a better

play17:30

RR so as we can see so uh what can we

play17:34

see right here we see that price left us

play17:35

this short-term high right here and just

play17:38

like I stated in the discount SL Premium

play17:40

video we have to wait for price to come

play17:42

in premium let's grab our

play17:46

Fibonacci grab the 50% uh so we have to

play17:49

wait for price to to cross this right

play17:51

here to cross this line right here

play17:54

before we can sell right so anything in

play17:56

this range right here is good to sell

play17:57

and anything down here is good to buy

play18:01

but for us we are looking for sales

play18:02

since since the higher time frames is

play18:04

showing us sales we can also scalp also

play18:07

I probably um have a video on on scal

play18:09

reversals coming uh coming later later

play18:12

right on how to scalp when we are in a

play18:15

bearish trend or in a bullish

play18:17

Trend so right here we're just going to

play18:19

grab our Fibonacci so in our Fibonacci

play18:22

as we can see anything right here above

play18:25

these ranges is perfect for us to it's

play18:28

perfect for us I would say right

play18:29

anything here is perfect for us um to go

play18:31

lower so right here for our point of

play18:33

Interest we can see that price left us

play18:35

this fair value Gap

play18:38

boom and also we can see that price on

play18:40

the 4 minutes now left us this beautiful

play18:43

4 minutes order block right here right

play18:45

this is uh this is a beautiful order

play18:47

block that came and did uh did this

play18:49

liquidity sweep before pushing price

play18:51

lower so we're just going to mark this

play18:53

in green so now we can look for a

play18:56

beautiful trade now let's play PR

play19:06

price and now we can see that price came

play19:08

got close to our point of

play19:11

Interest clear this old highs right here

play19:14

and left us these short-term liquidity

play19:16

highs

play19:20

boom now let's see if these highs right

play19:22

here will give us a breakup

play19:24

structure of these old lows if these

play19:27

highs gives us a break of structure of

play19:28

these old lows we can then probably um

play19:31

scale down on one minute to see if we

play19:32

can find us a setup right here I would

play19:35

say but if these highs don't come back

play19:37

down and give us a breakup structure of

play19:38

these old lows we uh we can expect for

play19:40

our 4minute point of interest to hold so

play19:43

let's play

play19:44

price so as we can see price came in

play19:47

clear our old highs tap into our 4minute

play19:50

order block now we can place our trade

play19:54

our stop loss at the high and now what

play19:56

we're targeting we're targeting these

play19:58

old lows right here boom these old lows

play20:01

this will be our first take profit Zone

play20:03

because we can see that this low right

play20:05

here failed to push price higher so now

play20:08

let's bring right here this is our first

play20:09

take profit

play20:12

Zone as we can see also price was just

play20:14

building up short-term liquidity lows

play20:17

boom

play20:19

one

play20:21

two and

play20:24

three and price came in tap into our

play20:27

point of Interest so let's break

play20:35

price boom so as we can see our first

play20:37

takeprofit Zone got

play20:39

hit this is our first TP just like I

play20:42

stated in the PDF we always take profits

play20:45

first right we take off profits and then

play20:47

we leave we leave a runner for the

play20:49

higher time frame bias right so we know

play20:51

on the 1

play20:53

hour this was our old low right here

play20:55

right price came and tap into our 1 hour

play20:57

fair value value Gap slash our 4H hour

play21:00

um order block but this was our old low

play21:03

right so this is our final Target before

play21:06

we reach our final Target we have to

play21:08

always take profits right throughout the

play21:09

way just to pay ourselves right we're

play21:11

not just going to uh let this trade run

play21:13

all the way first we take our profits at

play21:15

every old low or old high just like I

play21:17

stated in the

play21:18

PDF now let's get back down to the four

play21:21

minutes to see how PL uh price played

play21:23

out but this right here is our final

play21:27

Target

play21:29

boom it's going to extend this out it's

play21:31

like right here is all old lows we can

play21:34

take our profits at every old low I say

play21:36

right take some more off the table but

play21:38

let's play price right to see if it

play21:40

reach our final Target and we can also

play21:43

scale in also right to see if uh if

play21:45

price gives us any more I would say

play21:49

entries as we can see let's go back to

play21:52

the 15 minutes price is purging down

play21:55

heavy lower clearing all these internal

play21:57

range lows right because after price

play21:58

mitigated this 4H hour print of

play22:01

interest um we'll just be expecting for

play22:03

price to come and clear these old old

play22:05

lows right here so price was once going

play22:09

bullish it's now wanting to go

play22:13

bearish so this is our final Target now

play22:16

let's play

play22:18

price

play22:23

extended now we see that price came

play22:25

close but our final target has been hit

play22:28

yet let just keep

play22:31

playing and boom our TP

play22:35

hit so we went from the weekly the daily

play22:38

the 4 Hour the 1 hour and the 15 minutes

play22:41

and then we finally scaled down to the 5

play22:43

minutes SL the 4 minutes to finally find

play22:45

our setup right our lower time frame

play22:47

setup before we can enter our

play22:49

confirmation entry and look at that RR a

play22:51

crazy to 22 right but for us we'll just

play22:54

be taking our profits um at every old

play22:56

lad like for me I would be taking my

play22:58

profits right here for a quick one two

play22:59

three and then probably held it for a u

play23:02

for the higher time frame buyas so let's

play23:04

get back on the PDF and go over and

play23:06

finish out the trading plan so I hope

play23:08

that top down analysis made things clear

play23:11

make sure uh make sure you go on your

play23:13

live charts right and just execute this

play23:15

uh yourself go over um the weekly the 4

play23:17

Hour the 1 hour or or the 30 minutes

play23:20

right and the 15 minutes in the in the 5

play23:24

minutes or the 3 minutes right so this

play23:25

is just our main strategy our top now

play23:28

analysis right where we just going over

play23:30

basically our top analysis I basically I

play23:33

had also created a video um my last

play23:35

previous video a top analysis video if

play23:37

you want more information about the top

play23:39

analysis I had also created a video like

play23:41

that also so make sure you watch that

play23:43

also last but not least we have our

play23:45

daily trade reflection right so daily we

play23:49

have to journal our trades right in our

play23:51

trading book or on Excel or notion right

play23:55

well we can use Excel or notion notion

play23:58

is free and XL is free you just take a

play24:00

screenshot was the trade a win or a loss

play24:03

give your reasoning on why you enter the

play24:04

trade and just save it for later right

play24:06

because journaling your trade will like

play24:08

will truly improve your trading right if

play24:10

you can journal every trade that you

play24:12

take these next 30 days uh significantly

play24:14

improve your trading for the next 30

play24:16

days right here so number one after uh

play24:18

4H hour daily trade Reflections you have

play24:20

to journal your trade and then daily

play24:22

we're going to have a 30 minutes to 1

play24:24

hour back test session right so daily I

play24:27

would say make make sure you get your

play24:28

eyes um acclimated chart I would say

play24:31

make sure you're always back testing

play24:32

daily to just um get used to the setups

play24:35

get used to seeing it happening daily

play24:38

right because the more you seeing it

play24:39

happen with uh with with repetition the

play24:42

better you're going to be be at

play24:43

recognizing the setups I would say so

play24:46

daily we're going to have a 30 minute to

play24:47

1 hour back test session daily right uh

play24:50

and then next we close our trading view/

play24:52

mt4 or mt5 or any trading platform that

play24:56

you use right so after our trading day

play24:58

happens we'll just close trading view

play25:00

close mt4 or and close mt5 if you took a

play25:02

loss make sure you just Journal

play25:04

everything do your back test and just

play25:06

close everything out right because back

play25:08

then I used to have to have a big

play25:09

problem on just uh after you take a loss

play25:12

you want to you want to Revenge trade I

play25:14

would say and just uh that leads to tilt

play25:17

next thing you know you blowing up your

play25:19

account so make sure you closing the

play25:20

trading view out and just you closing

play25:22

your trading platform out and just just

play25:24

Journal your trade and just after you do

play25:26

your uh your journal and your back test

play25:28

just close everything out and just step

play25:30

away from the charts if you win make

play25:32

sure you do that also right because you

play25:34

might uh get greedy and want to jump

play25:36

back into markets and make more money I

play25:37

would say so that's one of my key key

play25:40

things um after a trading day is to just

play25:42

close the trading view close my trading

play25:44

platforms and just step away from the

play25:46

chart and then read one trading book

play25:48

right for 15 minutes to an hour a day

play25:51

right you can go online for the best

play25:53

trading books I had also released a a

play25:55

real on my Instagram at spec trades on

play25:58

the five best trading books right so

play25:59

some key ones off the top of my head is

play26:02

the best loser wins uh trading in the

play26:04

Zone by Mark Douglas those two right

play26:07

there are are extremely good I would say

play26:09

right those two trading in his Zone by

play26:11

Mark Douglas and then uh the best loser

play26:13

wins right those should really get you

play26:15

started for the next 30 uh for the next

play26:17

30 days so just read them for 15 minutes

play26:19

to an hour a day and then last but not

play26:22

least we just relax and enjoy the rest

play26:25

of your day so make sure you're not

play26:26

taking everything too seriously because

play26:29

trading is a trading is a game of

play26:31

probabilities I would say right this is

play26:33

not here to come here to just get rich

play26:35

quick it's for you to get better and and

play26:37

Master this kill right here I hope the

play26:39

top D analysis help you further and I

play26:42

hope this uh this trading plan help you

play26:44

more with your trading right here and

play26:46

right here in here I have a checklist

play26:47

right so so after every single day you

play26:50

can just come in here you check off a

play26:52

day though so this is day one day two

play26:55

you just check it off you just check it

play26:56

off right and then until you complete

play26:58

day 30 right so it's not every single

play27:01

day but every single trading day right

play27:03

since we have five trading days in a

play27:05

week so right here we're just going to

play27:06

have Monday Tuesday Wednesday Thursday

play27:08

Friday and then next week we come back

play27:10

in there Monday Tuesday Wednesday

play27:12

Thursday Friday right so for the next 30

play27:14

trading days I'll say then right here we

play27:16

have our 30-day challenge completion

play27:18

recap you just come in here and just

play27:20

write a paragraph on how the on how the

play27:23

challenge happened also and just give a

play27:25

recap on what happened on how your

play27:27

emotions played put in recap for the

play27:30

challenge I would say you can also after

play27:33

the 30 days happen you can repeat this

play27:35

on 30 days um again and then you look at

play27:37

the recap over like right you look at

play27:40

your recap over just so you can improve

play27:42

the next 30 days that you complete this

play27:43

challenge right here so I would say so I

play27:46

would say you complete this 30 days you

play27:48

give a recap and you do the 30 days

play27:50

again and then you give a recap and each

play27:52

time you will see that you are improving

play27:54

and by you improving it will just help

play27:55

you get better and just become a better

play27:57

Trader so make sure you check out the

play27:59

link below make sure to like subscribe

play28:01

and comment what you think SPC trades

play28:03

out

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