In this video, I want to show you why just one daily candle is what you need to become successful forest trader. You only need one daily candle to become a very very profitable and successful forest trader. After this video, your trading career will change for the better.
Your trading career will change. You will become better and profitable. You will win more trades and you will achieve the success that you have been looking for.
this is in fact a upgrade of the previous video i've made on one daily can do is just enough one daily can do is just what you need and after that video i got a lot of questions from you and i'll be answering all of your questions in this video this is an upgrade of the previous video so do not fail to view this video from beginning to the end towards the end of this video i'm going to answer all the questions that you have on this strategy you even from the beginning to the end of this video i'll be answering all your questions and i will also give you my ideas on how you can trade this strategy uh profitably all right i'm going to answer all your questions and show you a better way and a more reliable way of trading this strategy you need to know how to mark your candle all right you need to know how to identify the high the close the open and the low this is your bullish candle and this is your bearish candle but bullish candle the candle opens right here the candle opens right there all right after it opens it makes the low of the day all right this is the daily candle all right this is d1 this is your daily candle d1 all right so for a bullish candle it opens here makes the low of the day right there trace down then trades up and then makes its high and then closes right there all right for a uh in for a bullish candle this means that the buyers are in control and this is the candle range this is the candle range i've made a previous video on candle range theory uh kindly view that video is on the description box of this video or just go to the history section of my youtube channel you're going to see candle range theory more explanation on that all right so now for a bearish candle the candle opens right there and makes it high here three is up to make his eye here high then trace down to the low makes its daily low and then closes right there so in this candle in this daily candle here it shows that the sellers are in control the bullish kind of the buyers are in control so also it obeys the principle of uh the accumulation the amd amd principle which means accumulation manipulation and distribution now the retail trade the retail traders would accumulate orders right there at the market open which you can see here and now this is the a accumulation phase institutional traders will trade down all right in a false move in order to uh lure retail traders to take a sell trade and this is called the manipulative phase so they manipulate which they trade us to take a trade in this direction which is now from the low of the day here so but they have the intention of distributing the market going in opposite direction when they go in opposition they would now do now take out all stop losses please right there and this is called a distribution d the amd distribution and when this does when the market has distributed the market will now close right there for the uh dairy scenario you have the market open market opens there all right with accumulation and then trades up okay this accumulation trades up from the high of the day in a manipulative move market manipulates up m and then it will distribute right there all right this is the manipulative phase the market will now uh distribute before it forms the law of the day and now uh close all right now close right there so let me show you in a better way so you can see here for a bullish scenario the market accum orders accumulated and then this a i'm just trying to explain this to you because i've made a separate video on amd i've made two videos on amd i've made a video on daily amd and weekly amd really accumulation manipulation distribution and weekly accumulation manipulation distribution taking my time to show you all these things so that you would know what you are doing it will expound your knowledge on this i could have as well script this session but i just want you to form a basis so you understand the candle range theory because this is the daily candle theory that will help you to know how market makers manipulate the market so this is the manipulative move right there manipulative move right there and this is the distribution and then the market closes right there so you can see the candle here this is the market open this is the low of the day all right this is the low of the day this is the uh distributive phase and then market reforms are high right the market will form its high here and then closes right there this is for a bullish scenario or this bullish amd for a bearish amd you find that the reverse is the case the reverse is the case the market will open with an accumulation right there when you place up and now the market would now distribute all right and the market will now close right there this is the market open this is the high of the day all right this is accumulation and this is here is the high of the day created here by this uh manipulative move and now this is distribution this is the low of the day created and before you have the close of the day uh more detail about this strategy kindly go about this amd kindly go to the previous my previous video the daily candle close strategy now this strategy is based on taking trades from intersection of the previous days can do close and the current days can do weak or shadow or just slightly below beyond but not beyond the previous day's high for a bearish scenario or the previous day's low for a bullish scenario take your time i've written this so i can take your time to understand it but not notwithstanding i'm going to show you right now how this works on the chart all right so for here this is the bullish scenario of the strategy okay i appreciate you for showing me love uh giving the videos thumbs up commenting on my video sharing it okay that is why i'm doing this upgraded version so that to show appreciation and to answer all of your questions about this strategy okay so in like manner kindly share this video subscribe to this YouTube channel if you're yet to do so subscribe to this YouTube channel if you're yet to do so give this video a thumbs up and share our videos with your friends and also comment down below to let me know if this video was useful what other video you want me to create for you all right so you can see right here this is the bullish scenario this is the previous days can do this is the current days candle so and this is the uh the current day's high this is the current day's high all right this is the previous days low all right this is the previous day's low as you can see here current day's high so this is actually the strategy uh here we we are this is the candle open all right for a bullish scenario this is the candle low now this is the candle candle uh high and this is the candle close so we mark the candle close for a bullish scenario we mark the candle close so we are looking at taking trades from here which is the the intersection of the weak this is the weak or the shadow we are looking we want the market to pull back to this point and then we take our three so let us see let us see so what we want to what we want to have is that the market to pull them right there all right we'll have our change of character return to our block and now we take a trade from here our you for some of you that are asking about the stop loss this is a stop loss stop loss will just be right at this zone are just few pips uh beyond below the zone where from where you took your trade from the from here it should be a demand zone this will be a demand zone so this is entry area and this is the demand a demand zone created by the intersection of the week of the current days can do and the close of the previous days can do remember this is your daily candle this is your d1 you can see here this is your daily candle okay so it's only on daily candle is on the legal that will look for this setup on a higher time frame although we're going to step down to lower time frame in a while to see how this works okay i'm just trying to depict this strategy for you so that you can understand fully so your take profit will be right there for some of you that are asking about your take profit your take profit should be at the current days can do high you know your current days can do have had a high initially before you know it's pulls back right so your your your final take profit should be at the high already created by the current days candle all right so now let us proceed further for a bearish scenario we can see here this is the strategy here this we are this is intersection is the candle close yeah this is the candle close all right for the bearish scenario and this is the week so this is intersection and this is where we're looking to take our trades from we're looking for the market to pull back to this point all right to this zone this will actually be a supply zone this will be a supply zone so we're looking for market to create some sort of uh change of character return to order block or you can as well have stuff like some reversal shot patterns of of for retail traders like a double top all right double top okay uh you can as well have uh head and shoulders okay head and shoulders for the bullish near you can have double bottom as your reverse confirmation or you can as well have inverse head and shoulder okay or triple triple bottom or whatever but if for smc traders you know we we look for return to that block exchange of character control block so you target this this low previously created by the current days candle and your stop loss will just be few pips above the the supply zone here all right few pips above the supply zone right there okay Now, you can see how I've depicted it right there. So this is what we are looking at. The market should pull back to this point and now we enter here from after its due entry confirmation and we trade down to this point. I want to show you something.
So I said our entry should be around here. But sometimes, sometimes the market can as well come down somewhere around here to actually give us a zone to trade from. But most times, most times your entry should be around here, the intersection of the weak. intersection of the week of the current day scandal and the close of the of the previous day scandal you can that is we have most over 90 percent of our setup our zone will come from here over 90 percent of our zone come from here but sometimes you might have the zone also from around here all right we have a zone we are trading from here okay but on no account should you if if by any means the market uh the the this can do come down to this point all right do not enter this trade all right because you can have the market can just retest this and continue to sell you you are targeting entering around here this is where you are looking at over 90 percent of your setup will come from here sometimes it could proceed further to this point you might have the zone around here to trade from okay so but do not trade anything uh anything beyond the previous day's low do not enter a buy trade anything below the previous day's low the reason is because once this this low is broken the market can have a retest of this low and continue to sell and now sell all right instead of buying so you're you are looking at entering for me I would prefer you enter here this is more has a higher probability to enter at the intersection of the current days can do week and the previous days I can do close okay now for for a bearish scenario I most of your setup should come from here over 90 percent of your setup of your of your demand of your supply zone should be where you're going to see your supply Zone okay but sometimes which does not happen all the time you could have your zone created around here okay your zones can be my city zone the supply zone here around here where you not trade your trade from but on no account should you trade is a a cell when this previous day's high is broken because if this previous day's high is broken the market could just retest and buy instead of selling so this setup is invalidated if this previous day's high for a very scenario is broken and for a bullish scenario if this uh the mark the setup is validated if this previous day's low is broken because this could just be a retest and a sale i just thought i should clarify that okay now for the trading rules for this strategy every trading every strategy has a trading rule and most of these are most of the questions that you'll be asking me all right for the trading rule for the timing of the trade you take this trade around 9 00 am to 3 pm london time this is personally when i trade and this is when i see my setups okay i trade the london time okay i i am in the london uh the london zone all right that's where i stay so i trade london time so this is the time i take my setup all right 9 a.m to 3 p.m london time okay most of my setups are in this time or which is the equivalent of uh 4 a.m to 10 a.m new york time so you need to actually mark your zone before the 9 a.m london time you need to mark the zone because uh your your you have the pullback the pullback comes the pullback comes around this time okay so before this time you should mark your zone all right you should mark your zone now another uh consideration is that the entry area so you are entering at for this uh setup the rules you're entering at the pullback to the demand zone or supply zone created by the current intersection of the current days current days a week previous days can do close okay so that is the the entry area now for the entry method we are looking at you can the entry strategy method confirmation is smart money entry confirmation or any of the reversal patterns i've said it already you're using sm using change of character and uh return to order block or return to f v g okay this is our entry criteria for smart money entry smart money strategy all right but for uh retail retail retail reversal patterns could be a double top okay it could be uh inverse it could be head and shoulders okay for a uh cell scenario for a cell scenario now for a bite scenario you're looking at maybe double bottom or uh your inverse head and shoulders okay so now your stop loss you're looking at taking your stop loss you're putting a stopless a few pips outside the refined zone okay or unrefined zone or the mind zone i've already showed you on the chat already looking at putting your stop-loss stop-loss should be at the supply zone that you saw in lower time frame or below the demand zone that you saw on lower time frame so now let's look at our take profit so i already showed you that for a buy scenario the high of the current day would be my target tp and for a sell scenario the low of the current day should be my my target tp so you can however break even at one is to one rich reward ratio now let us go into the chart now to see this okay let's see this clearly on the chart now you can see this can do this is my current days can do right there and this is my this is my current days can do this is my previous days can do i want to just show you this setup i've already played i just want to show you depict it clearly so you can understand for this is a daily can do now what do we do we mark we put this line this is intersectional this is the can do can do close for the previous days can do this you can do close okay and this is the week of the current days can do so is actually the intersection that we are looking at we are looking at trading from this intersection we want the market to pull back to this point give us entry confirmation and we buy uh this trade okay and this happens on a lower time frame okay happens a lot of time for now we have marked here the zone this is the zone we are looking at taking this trade from your stop loss should be around here and your tp should be around there okay on a lower time frame so now let's step to lower time frame i actually activated the period separator this line is called the period separator line so this is the previous day previous day and this is the current day so to activate this period separator all you just need to do if you are using mt4 go to settings go to settings settings then check the period separator period separator uh a button all right check the speed of separator if you're using a trading view you might want to activate your sessions sessions okay sessions indicator now so so you can see here that uh the the this is the zone i marked on my d1 this is the zone so the market actually traded up as the market opened it traded up to this point makes the makes somehow the high the current days high and now this is my zone the market traded back into my zone this is my 15 minutes time frame trade back into my zone gave me some form of entry confirmations and return to fbgr now but i'm going to show you on a lower time on a 15 f five minutes time frame right now so this is the setup on five minutes time frame i've stepped down to five minutes time frame you can see here that i got my my change of character right there and now the market pulled back to this uh fvg and market now but so this is actually it the market so my stop loss my stop loss could be on this refined my stop loss could be right there or if i want to place if i could actually actually put my stop loss just right there okay this is what i called refined stop loss refine stop loss and this is unrefined okay this is unrefined stop loss that is the stop loss this year i've refined this entry to after using my uh return exchange of character return to order block or return to fvg this is my entry okay and this is my stop loss and my my my first take profits to be around here okay because this is the current this is the current days high at this point this is my but i could i can as well continue to hold the trade i would i could actually use my trailing stop loss okay to keep on holding the trade still there but here when i have my one is to one i can as well break even and take some partial profit and now hold trade up to the the previous up to the current days high before they pull back when i say current days i don't mean the current days high of the day totally but before the pullback before the pullback the high created by the current day before the pullback would be my target take profit okay but that high could as well be taken out by the by the trades okay so now let us see uh how this also you can see how i should depicted it now for a very scenario this is on usd card for usd card we this is the current days can do this is the previous days uh candle this is the previous this candle so what do i do i place my horizontal line to intersect the candle close this is the candles this is the candle close candle close of the previous days can do and this is the week of the current day scandal so my setup my zone and my target zone should be around here so you can see how i have marked that zone this here is where i'm looking to take trades stop loss should be around here my take profit should be around here in fact the market can as well continue to sell them but this is my target okay now let's see on a lower time from 150 minutes time frame you can see that this is the previous day and this is my current day the market have traded down and now pulled back into the zone all right pull back into the zone that i marked this is the intersection of the week and the previous days uh uh candle close okay so now i look for my entry confirmation somewhere around here on lower beta on a lower time from like m5 or even m1 and this is my target target take profit i can as well continue to take profit down kind of i can trail my stop loss down to this point but my initial take profit should be here okay so my stop loss should be around here but i can as well refine it further let us go down to m5 so you can see on m5 i this is a pullback now m5 i looked and i saw that this is a there's a brick there is a there's a change of character right here there's a change of character change of character right there and now there's a pullback so you can see there's a pullback to this fvg this is called the return to fvg return to fvg and now this is my stop loss my refined stop loss could be here while my own refined stop loss could be outside the zone so few pips unrefined stop loss could be here why my refines to be here and now my first take profit tp the low created the the low created by the current day scandal before the pullback into the zone now i can as well now trail my stop loss down to this point i hope this is clear okay now let me address all your questions let me address all your questions by the way if you're here to subscribe to this channel please do not fail to subscribe now let me address your question the first question you have for me is that you said if the current days cardo has no week what do you do in that case just look for a demand zone on a lower time frame below the previous day's close for a buy scenario and a supply zone above the previous day's close okay for a cell scenario do you understand that so if the current day scandal has no week just mark this okay just mark this you are looking at your setup around here for a buy scenario just to mark around here around here so we are on here that is where your setup will come if even though you don't there is no week if if it does not have if it does not have a week that is not a problem just mark the intersection of the previous days i can do close and your current days uh the current days are low or high as the case might be i've just showed you now for uh your question two you you asked and you say if what if the previous days can do is bullish and the current day scandal is bearish or what if the previous day scandal is bearish and the current day scandal is bullish okay now the answer is no trade no trade so this is a trend continuation setup so ensure that the previous day's candle is the same as the current day's candle that is it so no trade so you are trading the both candle both candles should be either bearish okay or both candles should be bullish that does not mean that if they are not of the same candle the the setup might not work it can actually work if you have bullish bearish or bearish bullish it can work but to be on the safe side trade same candles okay that is where you have a higher probability of success now your third question you say what if price is ranging on the daily time frame what do you do now this setup is a is a trend continuation setup okay and there is there is a higher probability there's higher probability if the current days can do is bullish and the previous days can do for the past two days are bullish okay and same applies to the bearish scenario if the previous if you want to trade a a buy and previous days the past two days the previous days can do have been bullish is better you have a higher probability of success if you want to stay trade a sell trade all right and the previous day scandal for the past two days have been bearish there is a higher probability that is the market is going to continue bearish okay so that is the answer to that question now for the fourth question you asked you said you asked and say what if price didn't pull back to our entry on that day what if price did not pull back to our demand zone or supply zone on your on the lower time frame Now, what do you do?
You just wait for the next day for that currency pair or you look for another setup, another currency pair. So what I actually do is I have my currency pairs. In the morning, I mark, I'll check all my pairs from 8 a.m. 9, 7 a.m., 8 a.m.
in London time. I actually check all my pairs and identify my setups. So, I trade GBP as you are aware, I trade GBP, USD, EU, USDJPY, USDCAD and sometimes gold.
Those are my currency pairs. So in the morning, 8am, 7am to 10am, 8am, I mark my setups on those pairs. So very definitely one or more of those pairs should have, market should return or pull back to those, to any of those.
So if market do not pull back, you don't have a setup. Now for the question 5, you said what if price pulls back? beyond the previous day's high for a sell scenario or beyond the previous day's low for a sell scenario i've already showed you i've already told you what you need to do do not trade because there could be a retest and continuation in the opposite direction of an intended trade okay do not trade if the market trades beyond the previous day's high okay for a sell scenario or below the previous day's low for a buy scenario this could be there could be a continuation the retest and continuation in the opposite direction of your intended trade so do not trade that okay so if you found value from this video please do not fail to smash the like button all right send uh these videos to your friends all right your other traders so that you can learn to be profitable also do not fail to join our our free telegram channel the link is in the screen box of this video if you want me to hold you by the hand and help you become a profitable forester in mentorship i run a one-on-one mentorship program i train you identify your deficiencies and train you show you how you the secrets behind forest trading that will help you to become profitable and a successful forester is just a mentorship program very small consideration very small cost just send me a dm my dm my dm contact is in my telegram channel so contact me and let's talk how you can join my mentorship my one-on-one mentorship program i have a lot of people currently from different parts of the world on my mentorship program and i'm so happy that my mentees that pastor that programs are doing are doing well So that could also be your own testimony.
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