Transcript for:
Trading Strategies and Market Analysis

what is good M champion and welcome back to another video for today's video guys I will just address one question from one of our subscribers YouTube Levels okay so for today's video why and levs time frame all right so again thank you so much to all my tfp BP Champion students all over the globe subscribers and followers all right so again without further Ado let's get straight for our charts right okay guys whenever we we are updating our key levels Lev okay we have three combinations when it comes to style may it be swing trade day trade or sculping so when we talk about key levels if you are trading shortterm okay day trading man or longterm okay so the question is opportunity market so swing trade definitely your key level would be on a daily time frame all right on the other hand day trading uh more or less your key levels would be on for hours and or shortterm trade at least hourly or H1 key level okay so for now uh how are we going to update key levels right so again first things first beginners intermate Advance okay so again uh we have to find first our Market structure and Trend Market okay so if we're going to analyze this so the market went up okay from this move then went down from the series of uh lower low lower highs so aware that initially group from this point of view is beish however during the transition uh lower highs market so hence this is our G area I'm just gring now B from my past videos uh structures into Trends okay so consolidation phase and the only time bullish confirmation or potential bull run is from this view okay what break of this lower high so in instead cycle is lower low lower high okay so however it is not an impulsive move from this longterm move consolidation pH so meaning this is a gray area okay and the only time confirm is break Market forming this uh Bull Run Okay so this would be the bullish market so I can say that the market is what the market is bullish okay so I'll just delete everything at least at this point of view okay so there's a common mistake beginners or Traders as of now whenever the market sees a breakout or Market impulsive the normal Instinct would be to buy guys use common sense in whatever transaction you want okay so trading is all about transactions of buying and selling so uh if I would take out myself out of this technical analysis and I would just go somewhere else okay for example I want to buy something normally I would buy something that is what cheaper okay or something that is of a discount so the market is currently on a bull run meaning the market is getting expensive so so in that sense logically I don't want to buy okay so however the majority or retails is thinking this Market as a buy opportunity okay it may be in the long run but as of now guys this is on a daily time this is on a perspective wherein Market can go on a series of up down up down so my thinking is if there is an impulsive move up new high so by Market structure nature price normally if this is a bullish Trend it will create a higher what higher low so definitely but as of now logically speaking and using just my common sense I don't want to buy I want the market market is bullish nevertheless we want to buy at a discount we want to buy at a much cheaper price so in this sense okay is is there any opportunity for me to buy at a discount no so point if there's no opportunity at for a discount maybe we can look for a counter Trend trading okay since longterm and capitalize probably and look for opportunities maybe shortterm so I want to capitalize on this formation lower high so instead why not it price what you can do is simply look that's the that's a common sense so if I were to PL some reactions along the way so simply we can say that the market is on a significant what resistance in that sense okay I'm not saying line representing is no resistance is simply a range guys we cannot plot support and resistance uh exactly so which means resistance levels are range of market prices where it has multiple reaction reactions reactions so it is safe to say I'm currently on a resistance level so again if you are on a resistance definitely want to sell so that is why you have to look for structures you have to look for key levels left and right okay current price and past historical data of course grouping so aware resistance so definitely I will look for opportunity as a sell but take note I am on a group of bullish run so the group currently is on a bull run but the opportunity is not a buying we want to buy low however Market is still on a so what I can do is look for opportunity as a sell okay so that's how I think whenever I look for opportunity uptrend so it's all about logical reasoning why we buy and sell at the same time okay it is not always about about trend is your friend concept okay so now I will look for a sell opportunity so hisorical data past previous candle highs and lows aware aware that the uh past data or previous scandle highs and lows is okay low so technically speaking normally I take this as a as a range so meaning uh would act as a act as a support later on Lower time frame signs higher time frame lower time frame it will break down into structures of candles so and lows market so since I want to sell I don't need to put the previous highs Market CU what I want is a break what of this of this low so I want to break momentum of buyers throughout this bull run so on the other hand I can also incorporate some confluences like trend lines on this higher time frame so so if you are looking for a buy or long uh long opportunity using tfp system you must be you must be above support level you must be above what uh trend line support or if counter resistance you must be above but nevertheless is simply buying are for longterm would be uh support thatas would probably a resistance so definitely my selling opportunity as a longterm would be so it's the same process what I'm doing from my past videos but nevertheless I'm I will show you how we can uh adjust or update our key levels shortterm opportunity okay it's be my so right so that's how we pl for longterm opportunity so as of now as a buy or sell to swing so what I can do I look for lower time frame so sign Market hours okay so over this is the the support Okay so ating uh previous candle support previous candle highs and lows So currently the 4 hours previous candle low wait let's say that only for hour for hour so what I want is a break of this previous candle is there any moment and I want to on a on a perspective logical reasoning so I don't have any reason sell as of now and if this will continue again I will look for opportunity as a buy time frame so nevertheless those are just speculations as of now confirmation we are just analyzing based on probabilities and possibilities so prev cand low what I want is a break okay so instead momentum change going down another bullish candle which means this is still so that is where level okay is significant lower time frame so from here okay that is where the updating of ke level happens sir we minutes it would make sense support level okay support level check the P historical data we low previous candle 4 hours 5 minutes View reactions it is true that this level we previous 4our low candle okay low previous candle is actually significant from the lower time frame it serves as a support for Simplicity sake I use the highs and lows of the previous candle as my support s lower lower time frame okay which means weakness of now they're all buyers for me so there's no reason for me to sell as of now soate support level or key level lower time frame okay so is there a break but nevertheless momentum change candle which means weakness of momentum buyer presence Sellers as of now so however there's no confirmation BAS system rules so for me it is not yet a good evidence ex or lower time frame I want a clear break from my momentum buyers so I will still retain my my key level from this bullish candle okay I want to break this previous candle low of four hours I would retain this level signicant bullish so what I want is what a break of that so I will still observe the market or move on to other pairs so let's check what happened all right so there is a clear momentum change in presence and sellers there's sudden search Sellers as of this point big so at this point is seller so it is not wise execute right away I want to satisfy system when it comes to execution okay so I will go down so 1 hour to check structure Market okay satisfy rules so break of momentum from coming from buyers going to sellers so significant that acting as support of 5 minutes okay have been broken so does this satisfies my system rules execution not yet so I will incorporate some confluences high probability trading execution or HPT Zone as as a sell okay area of Confluence okay or HP Z lower time frame I will have to wait for for the market high probability Trading Zone which is around this area based a system I must be below counter TR and support and Below n resist so my area or HPT Zone as an execution or trading execution would be this as a sell okay so of course waiting game happens but important is we want to look for Quality trades rather than just impossibly trading HP Z as aell right away we're going to execute no we still have to satisfy system rules in terms of execution okay is there any significant uh selling pressure candle uh guys past video regarding fake signals okay beware of that so okay so is there any bullish uh is there any momentum n Sellers as of this point I don't think so it's I want to look for obvious selling pressure candle or inverse hammer in that sense or shooting start okay so not yet okay do is incision Market there's an equal buyers and sellers buyers and sellers at this point so you have to be patient enough at least a clue or an a ob an obvious an obvious pattern of selling price pressure candle okay as of now for me these are just rejections but nevertheless these are equal battle or indecision point of VI so I want to see a selling pressure candle okay PA so there's momentum but again what I want is a clear selling pressure candles so we can now put some confluences trend lines okay let's see okay so there's Market momentum going up strong buyers so definitely you don't want to sell Market as of now you want to have a clear Confluence or signal pressure candle okay now what happens I will update my trend line equal equal highs so it is safe to say now I will update this as my trend line resistance so even okay which Break N counter trend line support okay uh we have a break of horizontal support now currently will act now as a resistance and we are now below so which means this is a good signal candle for us to sell but am I going to execute now okay we are trading shortterm so I can look for day trade opportunity but as of now I just want a short-term trade that the market can offer short-term opportunities Market is so that is one also concept explain to you guys trend is your friend is not always the thing opportunity we can look for opportunity as counter counter trade so View lower time frame extion so I on a high probability selling area time frame for me to sculp the market on a 5 minute execution so 5 minutes okay VI okay so again system again Confluence wise I have to break this counter trend line support okay so that's my goal since below line resistance below at least we can say this is a uh an area of resistance as well and I must be breaking now Al counter trend line support which is confirmation so let's see what happens okay let's check okay so there's a break break okay we are now on a high probability confirmation uh as a sell but take note we want to have a mark of HPT Trading Zone area or execution area so I now executing time frame which is 5 minutes so I must look for for a reasonable area of ano a selling uh HPT zone so if I would go into detail maybe this area would be a good spot for me to sell Confluence wise I am now below this trend line resistance on a much higher time frame I have broken this counter trend line support on this time frame and I think I am on an area of average price resistance so we have two ways to execute the trade one is use what a sell limit order so I may place a sell limit order here around this area Okay stop loss just below that trend line resistance and 1 is to three rest to reward ratio will be enough to lessen GD and at the same time would give you a beneficial returns TR so we don't have to be greedy we have two way of how we can execute this Trade One is using this cell limit stress okay so just 1 is to three this the reward ratio okay that would be enough and uh again another is Price look for selling pressure C and you can just use Market execution but nevertheless both are an uh valid okay so I can use sell limit order here okay I want is to trade but if you want more uh more potential GS much time frame like one hour so range one hour to one hour range so or you can use this or simply see AOW previous candle daily or 4 hours I believe it's the daily okay daily so you can use that as Target in the long run so you go to this uh time frame extend or simply Place Another s limmit okay liit you now have the option to have a two running trades split your racek into half for example the first one is three is 1.5% and the other one is 1 1.5% if you are 3% risk per trade but it's up to you risk uh risk percentage allocation so or simply as another option 50% Target or simply profit okay so the point here is you are now have the flexibility to trade or TP where you want but for me personally I just use this as my what as my target cuz that's my practice of having that less grid side I don't expect too much and I may lose the trade but nevertheless since I follow the system I would just let it run so my sweet spot would be around this level plus I'm selling on a much higher price impulsively I don't want to sell right away we don't want to think like that we want to sell at a much higher price around this limit so let us let the market run okay okay so limit order you have two running trades as of now okay so let's just check all throughout the market okay so you see uh if I'm going to adjust we have to profit 1 is3 rro ratio and not quite but the long see both have took profit both have winning trades as of this point so TR based analysis so which means logical reasoning at the same time knowing where you adjust support resistance would really matter levs at this point so again this is just an example to address concern from our one of our subscribers again this is something as you apply this to your own trading again if we're going to see a higher time frame like 4 hours there's a strong momentum paba but that does mean okay on a higher time frame that doesn't mean continuous variation okay so we have to satisfi system rules but nevertheless we are just trading based on what the market is offering us so again I hope again we have to adjust whenever the market updates uh Market is very uncertain and Market predict and we don't need to predict the market we just have to be reactive so when there is an opposite momentum weakening that's the time you have to really observe market so again this is just a short tutorial videos on how you can apply logical reasoning to buy or sell and simply knowing where and how and when to update your key levels so again key levels are are part of the market structure may it be swing trade day trade or SC right so again thank you so much I hope see you all on the next videos God bless thank you so much to all my tfp VIP Champion students all over the globe subscribers and followers so bye-bye oh I just want to inform and announce that our TF VIP Champion student private Discord Community is already up and yeah here we have several channels wherein we share our technical trading ideas among each other and uh of course we also have our weekly trade weekly forecast currency Pairs and some announcement section and of course since Global of course we have other students as well overseas so we here we introduce ourselves and introdu but nevertheless uh this a healthy Community trading IDE guys and hopefully I will be putting up a server publicly and those followers and subscribers all right so yeah this is just a minor announcement and hopefully guys you can join us and make this community grow all right guys but nevertheless uh everyone here wants to learn wants to make profit from the market but as much as possible we're all equal in the eyes of the market all right guys so that would be it so you and uh thank you very much right bye-bye