Dear traders, we continue now with the setup for the system. 1
So, in order to show you how exactly we execute the trades and what exactly we do I will show you one 2
example now with the previous counter trend line that we had and it was from this top over here. 3
OK? Make sure it is exactly on the top and I'm going down to H1 when I'm executing the trades 4
and placing the buy stops. 5
So one more time, when you're on the H1 make sure you have placed exactly the counter trend line. 6
So, you need to go back a little bit in time and start. 7
You can see what is the difference because on a daily you cannot put it precisely. 8
And when you got to H1 make sure you do it precisely. 9
And this was the recent top that I will be using over here. 10
OK, let's see which one is higher. 11
So, the high of the negative bar is 4674. 12
And this one is with 4674.98. 13
OK? 14
So, 7898. 15
Very close. 16
I need to put it on the higher one. 17
So, this was my recent high and I will show you what was the execution of this trade 18
exactly. 19
So, in this moment I have the important levels. 20
I don't have any important level here. 21
And what I have, is the price getting close to my counter trend line. 22
So, here is the entry. 23
Every day I'm placing a buy stop above the counter trend line because I don't know at which moment 24
this volatility will come. 25
OK? 26
So, when I see the price getting close to the counter trend line I put a buy stop. 27
And with the time I just move it to lower, lower. 28
But keeping it above the counter trend line. My entry was 4010, let me put it exactly. 29
And I will put it actually with the green colour. 30
So, you will know that this is my buy stop at this moment. 31
So right here, I believe it was nearly on these bars right here. 32
I have placed my buy stop, I have dragged it lower to 33
4010. 34
And simply with this buy stop I have placed my Take Profit at the level of 35
4220. 36
So, it's right over here. 37
I'll put it exactly as a number. 38
So, you will know exactly where it is. 39
This is the simple system, guys, when the price is getting close to your counter trend line. 40
And there is no any important support or resistance level over there. 41
Every day I am placing a buy stop and I'm actually dragging it lower until the moment the volatility comes 42
because I don't know when this will happen and I cannot stay in front of the screen to wait for it, as most 43
probably I will miss it. 44
That's why I'm using the buy stop. And for the new traders, 45
what is a buy stop, guys? 46
I will show it very quickly- when you click right button on the trading. 47
There is a new order. 48
So, this is the type of the order. 49
It could be a market execution. 50
It could be a pending order. 51
Market execution is if you want to enter in the market at the moment and pending order is if you want to 52
place a buy limit, sell limit, buy stop and sell stop. 53
Simply in this system we are going to buy stop. 54
This actually means that you need to place a higher price than the current one. 55
So, at least I need to enter here 56
4200. 57
You select the volume, Stop Loss 58
we don't use in this system, and Take Profit 59
we have at $210 higher, so it would be $4410. 60
So, for example if I choose to place it above 4470. OK? Above my counter 61
trend line currently and above my important resistance level I'll place my Take Profit at the level 62
of 4680. $210 higher. 63
Probably, you are wondering why there is no Stop Loss. 64
What would have happened if I entered here and the price will go negative. 65
And this is the thing that I will show you in the next lecture, guys. Next lecture, 66
I will change your trading. In next lecture you will see a formula mathematically proved, that you don't 67
need to use a Stop Loss, but you will use only a Take Profit and I will prove it to you with a formula 68
with pure mathematical calculations that you will end up always on the profits, or worst case scenario 69
you will end up on break even. 70
This next lecture, guys, will change your trading forever. 71
And in the next lecture, guys, I will show you something that will totally change your trading, totally 72
will change your thinking about the markets, and you will understand how actually the big institutions 73
and the big players are trading without the Stop Loss and how they end up always on profits or worst 74
case scenario again, I repeat 75
break even. This means that you will be either on 0, either on a small profit or you will be 76
at $200 of profit of 1 lot and, of course, if you are trading with 0.1 this would be $20. 77
So, it depends on your capital, and if you are trading 78
of course with 10 lots, then you should be ending with $2000 of profit. 79
OK, guys? I will continue with the next lecture because it's a life changer. 80
Thank you, guys, for watching. 81
Cheers. 82
Bye.