So many of you are trying to get that 100 pit moves at 50 pit move and
I'm here to tell you that, 10 Pips is all you need.
So, in this video, I'm going to show you how you can get 10 Pips.
Welcome back to the channel, everybody.
My name is already and this is the moving average.
I shall.
We discuss everything day trading to keep you profitable on a
consistent basis.
You guys see how I trade based off of three specific, moving,
averages, the 21, the 50, and the 200 smooth, moving averages.
So whether you're trading with the trend or against the trend, I'm
going to show you how you can identify areas in your trading day where
you can manage to get 10 Pips.
Let's jump into the charts.
That was totally dumb, but I'm going to leave it in there.
So it just a brief recap.
If you guys have not seen that video.
The way that I like to trade is based primarily off of the 200 smooth,
moving averages, if we are above it and we come down to retest, I go
for long positions, if we are below it, and come up to retest, I go
for short positions.
And also if the price is trading between the moving averages, and I
start seeing a slope, I will scalp between the 50 and the 200.
So, again a break,
And a retest going long break and retest going short and scalping in
between moving averages.
These are my three primary sources for my trades.
Now, this is Australian dollar to u.s.
Dollar is got nice price movement and it's my preferred 4X pair to
trade right here.
I've drawn a box.
This box is exactly 10 Pips.
You can see in between these moving averages.
We get 10 Pips and also on brakes and retest we get 10 Pips 10.
Pips is very, very easy to get in the Forex markets.
Also depending on the pair, but very easy to get.
Now, one thing you have to keep in mind is what time do you trade?
Do you trade the London session, or do you trade the New York session?
So using indicators to show you your exact training session.
It not only helps you identify your windows for back-testing, but it
also helps you while you're live.
So, for example, during any one of these trading Windows, the market,
definitely
Move 10 Pips.
Now.
The only question is do you go long or short for that market session?
So let's do a little bit of back testing right here.
This is before the Market opens.
Here is my 10:00 pick window.
The Market's about to open.
We are below the 200.
Moving average.
Asian session was obviously consolidating.
Are you looking for long or short positions?
The market is going to open up right here at 9 a.m.
For me, London session.
So let's fast-forward this chart and see what happens.
Right?
So we've had our break.
And now we've had kind of a retest right here.
And if you guys have followed my videos, you know, I like to trade
engulfing candles.
So this candle in golfed this candle, so this would be my entry point.
And you got your 10 Pips with in 1 hour.
Now, let's fast-forward the charts to the next day and we will see
what the next session has to offer.
All right here, it gets kind of tricky.
We are already very far away from that 200 moving average, but we've
had these big bullish engulfing candles, showing the loss of momentum,
keeping us very far away from the 21 moving average.
Do you have to be patient and wait and there it is.
Opening candle is huge, big and engulfing.
So we take our 10 Pips enter in on the close of that candle and within
one hour we had our take profit of 10 Pips.
Now with this tentative strategy.
I'm not looking for anything more than one to one risk-to-reward
ratio.
So I'm risking 10 tips to get 10 tips because if the price goes back
ten Pips, I know I was wrong on my entry.
And as you can see right here, if this was your stop-loss, you did not
get stopped out and see you guys know that I prefer trading with the
trend.
It's much easier to get the moves when it's a trend continuation, but
if
In a situation where the price is very far away from the 200.
Moving average, and it doesn't seem like a smart option to go in on a
trend continuation, trade.
What you can do is actually wait for the price to break the 21 and or
the 50 and retest it at that point.
The moving averages should start curving and when that happens, it's
got the support now to go up and with that 10 Pips once it's broken,
the 50 or retested the 21 a retest the 50 at that point, then you can
scalp the price in between the 50 in the 200, also having your RSI up.
Because when you're looking at Trend reversal, you should be also
trying to spot an RSI Divergence.
So let's get rid of my little squiggly lines here and watch the market
open.
All right.
So we're trading now above the 21.
We're now trading above the 50 while we're waiting for is actually a
retest of that 21 and then stop that in time, but right here.
Are you can see, we got in engulfing candle pattern?
This was the come down to retest and then this is the endorfin candle
to say.
Hey, we got support right here.
So you would have taken your 10 Pips and you would have put it right
there at the close of that candle.
And hopefully this plays out.
This one took a little bit more time.
And this is why I don't really Advocate rating against the trend
because it takes a lot of resistance to go against a trend about
within 3 hours.
You got your 10 tips, and if you look, we did not get our stop-loss
hit because we waited for that retest.
Now, why am I saying 10 Pips is enough?
If you're trading one standard lot.
Each pip is $10 in profit.
So, attentive stop-loss is going to be $100 and attentive.
Take profit is going to get you $100.
So using proper risk management, only risking 1% of your account
balance.
That means that if your stop loss is $100.
Then you have a $10,000 account.
Now if you want to get more risky and risk 2%, all you need to do is
make
Do trades.
You'll still get your 10 Pips, but you'll get it into trays and that
means you got 20 Pips increasing your wrist from 1% to 2%.
And as you can see here, if I was waiting for a hundred move.
It would have taken me a very long time to get it.
And if you're trading on the 5 minute or the 15-minute in your
scalping.
This is the best way to do it.
I know this seems simple, but what you need to do in order to know how
to do this.
In every single situation is.
Watch a majority of the videos that I made on this channel.
There are over a hundred videos.
Now teaching RSI, Divergence is teaching brakes and retest of trend
lines of moving averages of support and resistance levels.
This is the entire casserole.
People, everything that I teach is all in one and knowing all of that
information is going to make it ridiculously easy for you just to sit
in the market and grab 10 Pips and then go on a bike ride.
So what I need you to start doing is watching us.
Pause my videos all over again and getting a refresher course and you
can start with this one right here.
This is the number one rule in day trading and if you guys enjoyed
this video and you got some value out of it, you like the way that I
teach consider subscribing to the channel by clicking this button
right here.
Thanks so much for watching and we'll see you in the next one.