if you are not a consistently profitable
day trader yet I want you to stop what
you're doing listen to this video watch
it five more times and take the advice
that I'm about to give you
welcome back to the channel everybody my
name is Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable if you're anything like me
and the 95 of other retail day Traders
you struggle with being consistent when
you're first starting out and you make
huge mistakes one after another and you
never learn from your mistakes and one
of the biggest mistakes that I still to
this day make and it is the one I suffer
with the most it is over trading and
revenge trading I have told myself a
thousand times that I have a rule that I
do not break if you lose two trades in a
row you stop trading for the day and
over the last month I've broken that
rule four times so in this video I'm
going to put you to the test I'm going
to put your skill set to the test and
I'm going to restrict your trading this
restriction on your trading is going to
be a game changer for you what I want
you to do for the next 30 days to 90
days 90 days pref is to take one trade
every single day for the next 90 days
only one trade you have to wait for that
perfect setup that you have four
confluences everything is lined up it
looks like the perfect trade and you
wait for that one and you just take one
trade you cannot do more than one trade
there is a small loophole which I will
get to in just a minute but what I want
you to do is focus on the one trade the
reason I want you to do this and the way
I want you to think about it is imagine
if you could only eat once a day you
would plan that meal out the day prior
to you would know exactly everything
that you wanted to eat in that one meal
to where you would be full enough and
satisfied but not to the point where you
wanna and not too little to where you're
ravenously hungry until the next day the
other reason why I want you to do this
is to realize if you wait for that
perfect setup all you need is one good
trade a day just one and you will be
amazed at how much money you could make
and how much higher your win rate is
going to be because you're waiting for
those perfect setups I'm about to show
you an example of a trade that I took
today and it had six confluences I was
so confident in this trade that I
started packing up the rest of my office
because I got to be out of here by today
okay so this is Australian dollar US
Dollar on a two minute time frame I
started watching the charts at about 3
30 this morning because I couldn't sleep
so I just woke up and went to work and
when I started looking at the charts I
saw this huge move down and then it
subsequently started to go up so what I
did was I put up an anchored v-wap it's
this one right here in the technicals of
tradingview v-wap Auto anchored you can
put a star next to it to keep it on your
favorites list that move down was
started by a three-line strike which is
my favorite price action entry candle
formation that move went all the way
down here and then started to come come
up so what I did was I drew out a
Fibonacci tool from this point to this
point this High to this low and I saw
that this was the Fibonacci gold Zone
which also matched with this structure
right here a previous low and a high and
a low and a high price usually likes to
come up to retest previous levels of
structure so once I put up my anchored
v-wap and saw that it rejected off of
this area as well as a known previous
support and resistance level and then if
I take it down to the one minute time
frame and I put up the TMA overlay which
shows you all the moving averages and
stuff it was really close to the 200 and
so my analysis on this was two minute
three line strike for entry price
rejected off of the anchored v-wap also
a .618 retracement off of the previous
v-wap rejection point this one right
here also a one minute 200 smooth moving
average it was very close also an area
of support and resistance also a hidden
bearish Divergence which you can see
right here on the RSI this level was at
73 and this level was at 75. it's small
but it's still a hidden bearish
Divergence on the two minute time frame
we got a three line strike which is my
entry candle I entered in my trade the
reason it's down here is because there's
a one pip spread and because it was
prior to Market open I did not know if
it was going to make a double bottom
right here but even if this was a move
up and it would have continued my take
profit level would have been a 618
retracement on this pullback so even if
it stopped here and went up I still
would have gotten my take profit hit
which is why here comes the caveat for
making one trade a day you can split it
so my usual goal is 20 Pips but because
I didn't know if it would make 20 Pips I
took two of the same size trades looking
for only 10 Pips so both of those trades
together gives me 20 Pips and obviously
a one to too risk to reward ratio so my
stop loss was five Pips on both trades
now for those of you that are saying
that I have too many indicators I don't
have them all up all the time I keep
them hidden except for the three line
strike I always have that up and the
v-wap I always have that up but once I
do my analysis and take my trades I can
remove all of my Fibonacci levels and I
always have my RSI up but what I'm
getting at here is that I have all of
these indicators on my charts all the
time like volume profiles which show me
which areas on the price have the most
buying and selling volume so the yellow
one is going to be buying volume and the
gray one is going to be selling volume
it also shows me the two highest volume
areas which is where the price is right
now I also have Market sessions to show
me my trading window and consolidation
zones just to see if I'm getting stuck
in an area but I rarely put them up on
my chart but I always have them as
usable tools now if you're familiar with
trading View at all you know that if you
have a free account you are limited to
three indicators that's it and I
guarantee you you're exactly like me
when I started I had the trading view
free version and I did the 30-day free
trial of the pro version and every 30
days I would create a new account under
a new email so that I would just
continue to get the pro version and have
all the indicators and back testing
ability and the ability to set multiple
alerts at different price points like
all of the usable Tools in tradingview
Pro or premium are so worth it it's
ridiculous which is why I decided to
drop this in today's video because once
a year tradingview does their Black
Friday sale the price of trading view
Pro is like 600 or something ridiculous
and in one hour and 18 minutes you can
get that trading view Pro Plan that
you've been waiting for for sixty
percent off plus you get a free month so
you're getting 13 months of trading view
premium or Pro yeah so you got Pro for
155 a year Pro Plus for 299 and premium
for 5.99 hold on my maths aren't very
good so you get a 360 dollar discount so
you're paying 240 bucks for a year it's
a crazy good deal I could not exist
without trading view premium so needless
to say I am an indicator [ __ ] I love
having my indicators it helps me with
all of my confluences to give me more
confidence in my trades so that I trade
less and I have a higher win rate [ __ ]
I'm so sick so do me a favor and do
yourself a favor for the next 90 days
trade once a day if you want to Stack
multiple trades on that one trade
opportunity you can but only up to two
and your take profit is going to be half
of your normal take profit this is going
to keep you so incredibly disciplined in
your trading waiting for the right
opportunity opportunity and it's going
to make your back testing so much easier
and it's going to make your journaling
so much easier because you're not going
to have 17 trade entries a day seriously
all you need is one good trade a day if
you have a funded account and you have a
hundred thousand dollar funded account
and you make two percent on that one
trade that you took that day you're
looking at two thousand dollars every
single day and if you're only waiting
for those perfect entries and you really
know your setups you can get 70 or
higher win rates I want you guys to
become better Traders and I want you to
be patient with everything if you don't
want to be patient and you want to trade
18 times a day and you Revenge trade and
all of that just keep going the way
you're going and you'll continue to fail
I can guarantee you that but if you're
struggling right now and you don't know
how to fix it try trading once a day
it's going to make a difference for you
down below I'm gonna have a link to all
of the indicators that I showed on here
as well as a link to trading views Black
Friday sales so click that get it if you
have the money for it if you don't then
just you know don't I find it massively
beneficial also what I want you guys to
do is in 90 days shoot me an email right
here and let me know what your win rate
was for those 90 days I'm super curious
if this helped change something for you
if you guys want to follow my progress
on this 20 pip challenge thing and
you're not in the Discord group just go
follow me on Twitter
and if you don't know what the 20 pip
challenge is watch this video right here
thanks so much for watching and we will
see you in the next one