Forex - Naked Charts - Retracements! BINARY XPLOSION MASTERMINDS ONLY - DO NOT SHARE -

Forex - Naked Charts - Retracements! BINARY XPLOSION MASTERMINDS ONLY - DO NOT SHARE -

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bye everyone Ashley turn you from binary explosion wants to see again thanks for everyone in the masterminds group we're really doing great as a group together so I'm I'm really pleased for everybody that's involved and I wanted to bring you this video on naked for X and also about taking a trade and how to take good trades using forex ok so as you guys can see I've just got the naked charts nothing open but I've drawn fibonacci retracement lines and I've drawn Fibonacci fans on the other job ok so what I've done is so the euro/usd I actually managed to get in around round about here last Friday and took this huge drop which which is great but I was waiting for it to hit the low which it did today about one o'clock my time so got two and a half hours ago and I took the low after it started to reverse okay this is important when you're taking low and high trades you need to you need to get it in when it started to reverse not when it's still coming down ok so this one right here showed a reversal this one here and then obviously this one here definitely showed a reversal and I think I got in around here and I just closed my trade at around about here the reason I did this is because I was unsure one hundred percent while the market was going to go I was pretty sure it was retracement but I was unsure so why i did as i close my trade around about here and i've actually opened up another trade around the bar here and with the stop-loss just down here so that if I do lose this trade I've only lost a small amount considering it's one it's got up person to huge amount but if I do win and it's bringing it up to around there I take a nice profit either way so either way I'm in profit I've covered myself either way resist that if I left it open and this one started to reverse down here and start to come down I've actually not made that much that much money so I lose more money if I leave it open than I will if I just close it and open another wait that's exactly the same here with this one so that's that's good now I wanted to show you guys is how to take these trades what what methods I'm using and why I took this trade and why I closed it I think I just pretty much explain why I closed it but I wanted to go over some more things about retracement and consolidation and everything like that and I try and skip through this as quick as I can but the one thing I want you guys to know is that you there's always a replay button you can we watch it whenever you like there's no limit on on how many times you can watch the video so although I might be going over a little bit fast you guys need to keep watching it over and over again until you understand what it is that I mean so um ok so the charmer cut is a 15 minute chart now I would always recommend using 15 minutes or higher with 4x you can use five minute charts no no problem there with that really but I just prefer to use longer timeframe charts on forex because let's be honest we're always looking for bigger pips not actually small wins really you know we're not looking to make a small profit we're actually looking to get in for the long term and leave it actually went out to the shop earlier and just did a bit of things and his resume today and I left my trade from down here and got in I got out just up here um nice profit you know I left it no problem you can leave binary option trade and to be honest I said to everyone to get in around here for this binary option trade earlier and it's all the way up here so you should finish quite highly still about five hours left on this which is which is fine it should come up slowly or even if it starts to retrace and comes back down you know should shoot back up so what I'm going to draw for you guys is a basic trend line so that you can understand a few things ok so I'm not one hundred percent sure if you guys can really see it but it's going to make it a bit thicker actually so that you can see these lines there we go hopefully you can see these guys now this is basic movement of a market all right scored retracement so you know when you know I kinda three chop strategy in the Forge our strategy you start to see a trend and then it equals itself out and then you place a purple n issues back up again you can avoid all of those trades if you just take trades based on retracement so you could actually place a call I heard you'd with it instead of the pot now yes you could put a trade there as soon as it started from a free person you would have won it but very soon it starts to retrace okay retracement is basically where you can you can clearly see that we were in an uptrend okay the market isn't an uptrend there's no real there's nothing really else to say about that it's a rune an uptrend simple as that this red candle here and these three red candles here we call retracement which means that the people in the market makers and traders are selling short here um but the trend continues it just basically means that there's no what we waited for was a big candle in the opposite direction and that will confirm to us that the trend has finished okay this is just a very short stop gap between the time of the trade finishing a trend finishing we'd assume here we would just I said to somebody actually live when he had this tray open from before couple of days ago I actually said to him to close the trade here and just wait for the trade to retrace because I wasn't 100% sure where this was going I was quite sure it was retracement but obviously you can see this huge wick and when you see a huge wig like this it means that the sellers have managed to push this all the way down so it's a it's an alarming signal there to say that the chances are the trend might be finishing nine hundred percent sure but this is probably just as more of a chance of it being just more than retracement same kind of thing happened here but again or we can really see at the moment it's just basic retracement nothing nothing different to this candle here really same thing again you can imagine there being a line up here a little bit of a downward strand there and then it starts to come back up again so probably around about this line here where it will probably drop down and then come down again as you can see here it hit the first line drop down and then obviously pass straight through it I'm just looking for a sort of an area up here where it's going to finish and then I probably get out my trade around about this area here for this one i'm probably looking for it just to reach this line here now what this says is Fibonacci retracement minds okay these are all I use I only ever use Fibonacci for trading naked jobs because Fibonacci is the best possible way to trade and all I do is destroy it from the high to the low and it provides you is very accurate points as to which and the market goes into consolidation and when it retraces and when it also breaks trend now this right here is basic basic basic consolidation nothing really more to it than that the market consolidated around here which means that it basically stayed in this box really and had the huge candles with government come in it bounced back off the vines and then finally the big candles broke out for it to equal being a being a good signal to sell okay so you probably get in on the end of this candle for a for a cell and then you'd obviously take a nice profit on that you'd probably set your stop loss to be something around around here inside the box maybe even the box level so you're risking very little nice profit now where you probably have is somewhere long run around here that you take it so it would be a nice quick short shorting opportunity to make a nice bit of profit but the best way to trade naked in my opinion is just to look at the charts for the last ten days or five days and take the opportunities when they arise with the highs and lows this is just the basic 10-day 30 minute job alright so in the last 10 days the euro GBP at one o'clock this afternoon hit the low for the lab first time in in 10 days so what I did is I width or the reverse or like we did here and i took the trade around here once I knew that it's I knew that it had provided me with enough information to tell me that it's actually in a reverse rather than just come up once maybe twice and then start to come back down and runny towards this this 0% line which I drew so this right here means that we have a long term trade for this could have left it open by just decided to take my profit and then get in again and hopefully get a nice little bit of extra profit on this trade so what I did is I if you don't know how to set stop losses okay stop loss is very important for trading because it just basically means that you can get in and risk the least amount so i think it was around here I go in and I set my stop loss to be the low of the day because obviously if it hits the low the chances are it will just keep coming down you know hello and then it might take a long time for actually to reach back up again and we don't really know where it's going to go from that so I think was actually around here I got in second candle I just set my stop loss to the though and i realized that i was looking at this being a big potential trade so I set my profit to around here where the highest point previously was okay obviously the highest point previously was all up here on the chart but you you to set it with a realistic so i think it was 3355 I I set it to around that you're looking to always set your take profit as higher than your stop-loss always because otherwise there's no point you're risking way too much to be in any any profit so your stop-loss needs to be relative with the lines okay so you can see that this fifty percent line here offered a very big level of support resistance I gay always bounce back up off it came back down but then short shortly after its it's just seem to keep coming up and didn't really want to go below it we had some big candle breakouts and then run it towards it again and then these big candles here this morning push it all the way down past the twenty-three percent line and then all the way down to being a low for the last five days but then soon after it just came straight back up to the twenty-three point six percent line and then that became the resistance point there as you can see right here it bounced back down and then bounced all the way back up again this was the rudeness change from being support to resistance because it was above the line not beloved okay so I got in erard here for it to come up with my stop loss to the low and my profit all the way up to the top but just keeping my eye on it now remember what I said earlier in the video is the retracement well here we go there's the proof of that by actually being able to see right now that the market is still trending upwards and that seems to be the case like I said it probably would be which is which is good because it means that you guys can see that coming down and then go shoots back up again the chances are it probably do this for a while till it hits probably around around this area here where the wick was and then it might come back down again with a few of these kind of candles and then come back up again to around this point maybe it will reach maybe it could reach up to around here we don't know but all I know is that it's in retracement right now there's no there's no reason to take any trades on it coming the opposite direction it's not going to go downwards through any real any time yet because if you look at the history of highs and lows you know it all is it didn't really it was consolidated okay you know me always retrace sorry so there's the trend a bit of retracement here bit more retracement and Fibonacci found the fibonacci retracement line acting as a resistance point and then it just shoots back down again bit more retracement shoots back down bit more retracement but overall from the high the only time that you would need to close this trade is when it actually reached possibly you possibly want to get out of the trade around about the fifty percent line to be honest you'd be looking to probably sell it around there which would be a great great opportunity to sell and then you make some amazing amount of money there now like I said the trades are going upwards and the chances are it's no just going to keep doing that now the trade with this one is the same really consolidation like I said that 10 days 30 minute charts this was when we saw the non-farm payroll every chart where you two went up or down in a huge way so I'm not really fussed about that but that was the consolidation being broken like that so if you were to look at the consolidation you would see that the non-farm payroll would mean that the chances are the only way it's really gonna go it is down from here and then you'd get in around there I actually got in there like I said I got in because I drew the consolidation points you see if I drew it with the with the candles coming up you always look for big candles to show you consolidation entry points and it it was a nice solid box here for consolidation here access resistance point it always comes back in again it bounces back up but because I knew that around this point here the only real way it was going to go was down I actually got in around about here for a for a put and it shot all the way down so consolidation is very big tool that you can use here I'm not too fussed about this again we're just looking at retracement and nothing major it just means that there's a bit of confliction in the market where it's probably going to do this go up come down a little bit go up come down a little bit go up overall or uptrend and there's no real reason to get worried about this yet so that's fine by me so I'm actually going to show you how to take a trade on etoro right now because some of you may not know and also you may not understand how it works so if you just bear with me okay that now i'm actually not winning these trades at the moment but that's fine because we've only been in them for a couple of minutes and i'm not too worried about that so i'm going to show you them right now here is my my screen is eToro you go to let me just do that you get some you get to trade in click on that and then it takes you to a platform where you put your username and password in and then it takes you to this so you say you choose the currency pair eur/usd you click nucleic cell it will come up with it that you can choose the risk level obviously the low risk high risk and then you can set your stop loss to a certain amount if you use the charts to look at the time frame where you want to set your stop loss to you can set it to that and then you prolly set your you will take profit to around around that there so you get a nice return on your investment either way so you put 10 doors down on the most you can lose on this trade is one dollar and the most you're going to win it's three dollars unless you increase your take profit and see if you increase your stop loss I have two trains open at the moment they're both losing slightly at the moment with us no problem for me I'm not too fussed about that here is my trade okay you can see a lot more losses here than wins but from this point here the 35 dollar profit that I made I was just messing around on here I wasn't actually like taking seriously I was just seeing how the platform worked I wasn't too fast about about that at all I was just interested in seeing how the platform works before game stuck in which is why i put a hundred dollars down on the euro/usd on friday thursday sorry I asked when I put the trade in I made $35 profit then the next one month or 85 then the next 13 dollars I made it quite a big loss on the urea go see there yet on friday because i predicted it would come up but actually it went down I lost those two very insignificant trades made hardly anything on that one so today so far I've lost two and won three but if you calculate the percentage i mean my gain was almost ten percent on that one and was it nice to say ten percent on that one and twenty four percent on that one so you know thirty-four percent and take off about seven so let's say it was about twenty five percent to be to be very harsh on ourselves we've made about twenty five percent gain and all of our trades so far today not including these obviously I've got my Microsoft trades open which you're going to be open for the long term and I'm going to do very well which I'm excited about now right here we almost come in to the point where actually we're seeing a slight retracement right here and then we're going to wait for the markets to come back up again it was actually the same thing that happened right right here we're just going to be looking for that same pattern obviously what will happen is if it if it starts to show that it's not actually you know going to do the retracement but it is actually showing a change in trend I will then close my trade it's more loss and be in profit overall but if it does retrace which I'm expecting it to do more than anything else actually then I will just continue to see my profit through through today and hopefully close them a little bit later this evening for a nice profit the reason I love 4x more than binary options is because you're always guessing I mean okay the thing for me was I would always be able to get in my trades near enough the perfect time again my entry points for trades were usually usually spawn but my exit points were always a little bit off sometimes and that was the only reason i lost my traits I think because I would be I would be taking the brokers expiry time just as the only option I could take the expiry for but as there's no expiry time for this you literally just take a trade and close it whenever you like or us or at a certain time where if you feel it's going to lose too much I mean my stop loss for this trade is down here okay now you're always looking for what they call a lower low and a high high okay the lower low was here so the lowest the lowest point was here okay and the highest heart he was actually up here okay the reason I've set it to this is that obviously if it drops down past this line here then we're just going to get out of the trade because it's going to show you it's gonna it's already going to show me that this is not this is an invalid trade but if I take it up to around here I know that I'm going to gain the pips I lost on the trade because that was I had still got my trade open at this point and then obviously it shot all the way back down so I lost a good good almost two pips on this but obviously if it rises up and reaches this point I've just gained the two bits back that I lost just by opening another trait simple as that again the lower low right here it was I mean I think I almost reach my stop loss on the euro british pound trade yep I did my stop loss was 32 and it almost up 3-2 so I'm way so 36 24 32 so my stop loss was actually yeah my stop loss was here so it almost reached it and then bounced back up if it reached it I was okay with that I already made a nice profit on it that's actually very close to my stop loss right now and it's probably going to close it at the stop loss i'm going to show you this right now so you can see so my stop loss is not point 743 to the markets at 7.35 basically so it needs to come down just to around about here and then my stop blocks will be taken into play and i'll probably only lose a dollar on this trade but the reason i set it down there is because this could well be retracement the next candle could be a nice big blue candle which will then put us in a nice amount of profit the same example is for the euro USD okay my stop loss was down here and obviously as you can see right now I'm actually it's actually going up when you see the huge wicks and you see these these weird flat market candles such as this this is just retracement again these are retracement candles this is the end of the trend this huge red candle is the end of the trend if you have a big red candle that's the end of trend we had three retracement candles on this chart and look we have three on this chart to which doesn't concern me because if anything we're looking for the same pattern we just had here for it to start running in upwards this is retracement in my opinion so we're just going to see this come up okay so i hope that explained everything to you use nature charts so in so simple so easy to use just trade the highs and the lows just spend most of the day looking through all the currency pairs that they offer look for highs and lows significant ones not one day charts don't mess around all that rubbish no point five day 10 day 20 day a month though I mean there we go okay yes there it is there's the retracement we saw and the trend is look looking to continue the trend continuing on this you've already you've just seen this life okay so you know that I'm not lying to you coming up with a bunch of crap this is exactly this is actually live right now that I'm showing this to you so the proof is in the pudding guys I've just shown you live on the charts how to take trades using retracement let's go back to our web trader to see how we're doing we're actually only minds to micro peps almost break even for this and we're actually in profit of 77 pips and we're starting to come up now with a break-even maybe a profit on this one and like I said we're actually in profit on on this chart right here so we're already in profit on this one we're actually in profit number by ten cents overall just by placing these small trades for the long term position to come up so yeah hopefully that helped you guys keep rocking it in the masterminds group love to see you guys making money in there and I'll speak to you again in the next video take care guys goodbye

2021-01-03 07:09

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