Hello, everyone. 1
It's Petko Aleksandrov. 2
And today in May 2020, I have decided to update the course and let you know what we have in 2020. 3
What I am looking at, what is the current trend? 4
And as well, there is an update with the strategy, something that I have added for myself. Of course, 5
first, I wanted to test it out with many trades, dozens or even hundreds before including it in the 6
course. 7
And now, I will do this update and I will show you a recent example as well. 8
OK? 9
So what you see here is the Bitcoin at the current moment. 10
I don't have open trades with this strategy. 11
I have some others with Forex currencies. 12
But here are the counter trend lines and the trend line. 13
So first, let's start from the trend. 14
What we have since the beginning of 2020, the price crashed because of the coronavirus crisis. 15
And after that, it's recovered. 16
However, it broke the 10 000, but not really what all the investors wanted to see. 17
It broke 2-3 times, but still fails to make an aggressive break of the 10 000. 18
However, we are still in an uptrend. 19
All right? 20
If I zoom it, you will see that we have serious of higher highs and higher lows, this high broke 10 000. 21
And during this day it happened a few times. 22
But after that, these highs couldn't really break the 10 000 and the price pulled back a little bit. 23
Now, we have a very promising day today, but we'll see what will happen. 24
And regarding the trend, we are still in an uptrend. 25
Even this high is lower than that one. 26
But if this low gets broken, we are in a downtrend. 27
OK, because we will have a lower high and we will have a lower low. Until this low, the level is 28
8114, until this low is broken. 29
I am looking to buy. 30
If it gets broken, I will be looking to sell. 31
OK? 32
Let me show you now on an hourly chart what a recent example I had with trade and I didn't have 33
to use the Never losing formula. 34
So here are the counter trend lines, I believe already from the course, 35
you know how to build counter trend lines. 36
I will zoom it even a little bit more. 37
So here was the very aggressive counter trend line. 38
And here was my example. 39
I think the entry was above the 9020-30. 40
I think it was exactly at 9020. 41
Yeah. 42
You can see where is the break? 43
Not impulsive candle, but there was a break and then $210 higher was exactly 44
reached at 9230. 45
The entry was at 9020. 46
The exit was at 9230. 47
And you see after that the price broke lower. 48
What happened actually right here? 49
I will show it to you. 50
My counter trend line was initially on this candle and my pending order was above. 51
All right? 52
It was somewhere here. 53
And this was during the night, you can see it is 2-3-4. 54
So I couldn't take this entry. 55
After that I just moved it. 56
I move the counter trend line. Here it is. 57
And I took the trade just early in the morning when I woke up, I think it was about 6-7, 58
exactly at 6 o'clock. 59
There was the entry. Just here, 60
I missed it, but then I entered here. 61
Now, what is the update with the strategy? 62
And what is the thing that really a great entry with this example is that I am looking to have a failure 63
of the recent low. 64
So you see the price goes down on the hourly chart, it is forms downtrend. OK? Because we have a series 65
of lower highs and lower lows. 66
But before I enter, I want to see the price of failing to take the recent low. 67
OK? 68
In this example, the price failed to take the low and then it went up. 69
So this is what I call failure of the recent low. 70
And now, let me just move it to the side and I will zoom out to show you what else I had. Right here was 71
this counter trend line. 72
Then I have my Take Profit. 73
I didn't have to use the Never losing formula. 74
And then the price went down and it made a lower low, which gave me the opportunity to have another 75
counter trend line starting from here. 76
All right? 77
Here it is. 78
Another aggressive counter trend line. 79
And then I had one more right here. 80
All right? 81
And then I had one more which is from this bar going down. 82
Here it is. 83
Let me just zoom to make sure I have drawn it correctly right through this bar. 84
And then right through this lower high. 85
And now, if I take the crosshair again, you will see that I have a failure of this recent low. 86
And then the price broke at the level of eight thousand seven hundred and something. 87
My entry was above the round 8750. 88
It was at 8760. 89
Right over here. 90
Take Profit- 91
8970. 92
It was not reached right here and right at this bar 93
it was reached again just on the top of this bar- 94
8970. 95
OK, so these were 2 great entries that I took. 96
And after each one, the price just fell back down. 97
However, it was great 98
entry. 99
Now, I had this consecutive 2 trades. 100
It's a lot of counter trend lines, but I hope you can see it clearly, here is the first one, the first 101
entry. I will put 102
1 arrow showing up. OK? 103
It's right over here. 104
And then I had one more right over here. 105
So I'm usually looking to do that if the price forms another lower low. OK? If the price from 106
here just went up, I will be looking for new opportunities. 107
But you see what happened 108
the price formed another lower low, which gives me the chance to draw another aggressive counter 109
trend line. 110
And in both cases, I have this failure of the recent low that I'm talking about, this one and then 111
this one. 112
So nowadays, if I see that there is no failure of the recent low, I really don't take the trade. 113
OK? 114
I will show you such an example. 115
Let me just scroll to the chart. 116
OK, here it is. 117
For example, this one right over here, you can see that there was an aggressive counter trend line 118
right here. 119
But what happened? 120
The price broke this low and then it went up. 121
There was a gap during the weekend here. 122
But even there was no gap. 123
I wouldn't take that trade because there is no failure of this recent low. 124
What I want to see? I want to see a move up, down, and then up again. 125
And I want to see this down or this failure of the recent low. 126
This is very important, guys, because it shows that at this moment there is buying power. 127
If this low at this moment when the price fails to take this low, this is a sign that the buyers are 128
stronger than the sellers at the current moment and they don't allow the price to go down. 129
And they push it higher. 130
And then here my Take Profit was reached and price goes down, forms a lower low, which is very negative 131
sign. 132
But after that, the price again fails to take the low, which means one more time that the buyers 133
are stronger than the sellers. 134
And I buy again Take Profit was hit. 135
So this failure of the recent low gives you one idea- 136
stronger signals, I hope that makes sense. 137
If you have questions, of course, let me know and I will make sure always to update the course. 138
But as you can see, in 2020, still, this strategy works great. 139
The formula works great. 140
So all you need to do is just to practice it on a demo account and practice it a lot before you apply it 141
on a life trading account. 142
And right after this lecture, you will see an assignment where I will ask you to show me such examples 143
with failure of the recent low, just either from your trading in the future moments from now or either 144
in the past, 145
you can just draw something over the chart and show me such examples 146
with screenshots and pictures. 147
So this way you will practice it. 148
OK? 149
You can see what happened here. 150
We can draw the line. 151
There is no failure of the recent low at that moment. 152
The failure came right over here. 153
OK? 154
So show me such examples. 155
Practice over the chart. 156
I'll be happy if you show me at least 3 such examples back on the chart with aggressive counter 157
trend line and failure of the recent low. 158
So I will be sure that you understood the system completely. 159
Thank you very much for 160
watching the course and this update. 161
And if you have any questions, let me know at any moment. 162
I wish you safe trading and always enjoy when you are trading. 163
Bye, bye.