Transcript for:
Trade Recap and Weekly Overview

how was your guys weekend guys I know I had a good weekend I spent a lot of time back testing working on myself getting back on track with this trading [ __ ] had a hat not really a rough past two weeks but you know not optimal so you know when that happens when you you're not optimal with your job especially when that um when you rely on that for some bread you gotta lock in with it so that's what I was doing this weekend and I'm here to talk to you guys about what I've been locking in on and kind of how I want to structure trading and [ __ ] moving forward so that being said we will jump right into the trade recap from today we have not won or lost this trade yet so I'll be interested to see where it goes honestly it looks like we'll win this trade during this um little call but starting off I'm just kind of going to go over weekly stuff just to help you all out so starting off today we had a pound holiday so I was not looking at gu or GJ just because there's going to be no volume on those pairs so I was really only looking at the s p and gold all right moving forward on Tuesday we have a bunch of us U.S news I probably will not end up trading that day depending on how Market it gets affected um at 10 A.M okay afterwards I might look for something if something you know shows itself but if not you know I'm just going to take the day off uh but I will be getting on Zoom going over and looking at some of the stuff following that Wednesday we have more high impact news it's NFP week so we have non-farm employment change and then we have GDP GDP price index all happening an hour before Market open and then pending home sales 30 minutes in a market open I will be probably end up taking a trade on this day just because all the big news is happening an hour before Market open should give some volume and volatility and show us the direction that price wants to go moving forward on Thursday similar situation we have high impact news an hour before Market open we have employment unemployment claims which usually moves the market a decent amount all right and then from there I'll be looking to take a trade once uh U.S Market opens at around 9 30. following that we have NFP day on Friday I will not be trading this day at all okay we have non-part employment change we have unemployment rate coming out an hour before Market open and then following that we have ISM Manufacturing PMI and then ISM Manufacturing prices 30 minutes in the market open that's just too much high impact news um on the day for me to be willing to trade so with that let's move on forward it looks like um okay well hold on if price hits take profit one I'm going to have to manage some of this position um so just give me one second as this gets hit live and I'll also have to tell the Discord uh let me make sure this thing's right on top of that um I mean I guess we can just sit here and chill until it hits that all right I'll go over this trade um but in order to do so I need to be on higher time frame well this is taking a while so I guess we can just talk it over so starting off on the weekly time frame on gold we are bearish okay and also we'll go over this trade recap and then also kind of go over how I'm going to structure my trading moving forward um just like slightly different um let's see here I don't want to miss this hitting take profit one just yet um I might just sit on here for like a minute with y'all see what price wants to do see if we can get that smacked up and if we can then cool I'll be able to close half this position and as you guys know I'm on my new brokerage now which I'm really excited about um The Fill of the day was pretty solid on this gold trade um haven't seen any issues with it yet I was able to deposit just fine and just like that take profit one ended up getting hit okay I'm going to let the Discord know because I obviously stopped the Discord call to hop into this and show you guys our trade Recaps so boom take profit one was hit on gold um and let's go ahead and talk this over I'm uh made around 11k on this let me just alert the Discord right now boom good lucks all right now I'm going to end up plotting another alert right here cool and now we have a bunch of time to talk over this trade so like I was saying before on the weekly time frame we had broke structure to the downside we're still bearish on the weekly however on the monthly we swept these monthly lows and we're still bullish on the monthly time frame and to me this looks like liquidity sweep looking to push higher we are we are yet to break structure the upside on The Daily time frame however what we did see is a sweep of those lows and then instant reaction off of it what do we see on the four hour we see price accumulate and then boom what is this candle to the upside big extension up showing that hey price broke structure literally if you just scale out I know I don't use trend lines but this is pretty obvious this is the trend going down right this moving down is the trend right what is this big leg up that's a break of structure to the upside right so then what are we looking to see price do it what did it do it filled this fair value Gap it came back into this accumulation area damn it looks like price is about to hit our take profit too right now as well um yeah we'll just Let It Go um so right we see price fill that and then what do we do we scale down into an even lower sentiment which is going to be on the hourly we see okay Boom Big extension down quick and easy rally up and then we can scale down even lower what are we looking for we see sweep of liquidity come into New York session we take out these lows and then we break out of this little consolidation that we that we were hanging out in right if we see right this was the weekly open we were just chopping chopping chopping what happens boom we get a sweep below we get a rally up this is where we entered okay um we entered based off of The Sweep of these lows and then closure off of the this fair value Gap that was made on the one minute because we knew this thing wanted to move higher okay we entered off this candle close let me get off all these Dora explorers drawings okay we entered off that one minute closure to the upside and since then prices just been slowly but steadily chug into the upside because of that overall daily sentiment and once this hit takes hits take profit two that's kind of what I want to cover let's make sure this thing's on the there we go take profit two just got hit I'm going to manage more of my position right now closing out another 7K or sorry 8.3 k LP damn this shit's ripping we got tp3 on the way sorry I keep having to pause this thing damn this [ __ ] might just hit I gotta update the Discord as well sorry boys doing multiple things at once um I honestly I hopped off the Discord because I didn't think it was gonna hit this quick and I started this because I thought I was just going to be talking it over while price was chopping but anyways that was how we found our execution for today um and kind of like the overall tips and tricks moving forward um would kind of just be this new way of how I would like to look at the marketing and I kind of briefly talked about it here where I'm kind of going based off of like overall big big time frame bias because like like you guys know I'm I'm good at crypto and what I've been really good at crypto has been figuring out you know where does price want to go long term okay so like on gold right here I can see like I marked this out during the Discord call because odds are we're going to sweep this monthly low we already got a break of this downtrend okay after taking out these weekly lows right this is looking like it's going to end up being [ __ ] this looks like it's going to end up being right a weekly or a monthly liquidity sweep and then this thing continuing the monthly Trend so what am I going to be looking for throughout all of this extensions to the upside what did we see okay price is trending down trending Down chop chop chop we get that break up we get the push back in down into the accumulation and then from there it's like okay how can we ride this way back on up okay we see price chopping down we see the sweep we see the entry that's how I entered today moving forward I'd like to go over the s p 500. talk about kind of weekly analysis what I see from this this pair moving forward okay same thing we're kind of going to go top down take off all these drawings for a second and just look okay originally we were trending down right boom boom boom boom boom but then what do we see similar to Gold but this seems a little bit more played out we sweep monthly lows and then we start boom getting breaks to the upside then what do we see off of this yup I already had it highlighted um off of this right here we see accumulation accumulation Boom Big rally up now what would I like to see price now what would I like to see from price now that we've broken weekly structure the downside I would like to see price you know maybe get a little push up but then rally back into this accumulation area prior to that big leg up because this is where prices want going to want to draw to we have accumulation right here we have accumulation on higher time frames right here for a price to end up pushing to take out these monthly highs and these monthly highs you know I don't really care what fundamental sentiment is saying I'm just going to follow what the charts saying for now because you know Michael burry was short like two years before the bubble [ __ ] collapsed we know we're in a [ __ ] bubble but that doesn't matter right we're looking for these price points to get achieved and who knows when shit's going to collapse we can't just sit here guessing because we don't have the capital to do that we can sit here and just say okay for now this is what price is going to do and we know that price doesn't or you know overall the fundamentals don't look great but we're going to play play what price is giving us so that's what I see on the S P moving forward right um I marked off this little area right here because this is Boom accumulation before a leg down similar to this right what was this accumulation leg down we get a push back up into that accumulation then we get another leg down now within here what do we have accumulation accumulation Spike up this was the liquidity sweep boom leg down so ideally we can just boom cover it from here to here this is the high that we kind of want to track we already got the leg up on into it and then boom we get that Crusher right back on down closing underneath here now we're just having a retracement boom boom okay what are we looking for we're looking for price to leg up into some sort of equilibrium into a retracement area and then we're waiting for high time frame confirmation this isn't something that I'm willing to short yet because look we're bullish right if we scale down into this now we can see smaller time frame action right we have accumulation boom leg up sweep rally higher now what do we see accumulation okay rally higher what are we looking for price to do come into this accumulation then push up into where oh look at that smaller time frame accumulation within this big accumulation that caused this leg down right that's really what we're looking for we're just looking for high Confluence areas and look s p just draw down into this this area gold is still pushing up for us we're looking to see price draw into these accumulation areas and then rally based off of that give us confirmation based off that so like if this you know wants to come into here wants to come off the tops of these highs like it just did close underneath here and then get a leg up that's perfect right then what can we say we can say all right price is probably going to draw into these areas probably going to draw up into this area and then from there we can look for price to Rally down do I really want to trade that move up probably not I would ideally want to look for price to move down right because look okay accumulation breakdown accumulation leg up break down okay now we have that leg up we're looking for another set of Boom leg up and then we're looking for this completion this leg to fall down where to fulfill this accumulation area just to push price higher and higher on a higher time frame right makes sense so that's kind of what I'm looking at moving forward for how I'm going to be Trading okay I would love to see this get fulfilled um I would love to see that gold speculation get fulfilled this is kind of what I've been doing all weekend um kind of figuring out how do I want to move my trading forward um and get away from getting so caught up into these lower time frames and trying to figure out where is it going where is it going I would much rather just sit back on a daily time frame four hour time frame weekly hourly monthly saying look I know exactly where price is going to go how can I give myself stop loss wiggle room how can I give myself a high probability of catching these moves by just scaling back and letting these trades come to me this this trade came to me bro like look we waited for accumulation we waited for the leg up we waited for the chop down we waited for the accumulation to get tapped back into and then we see the extension up it's not enough to take a trade-off of no not yet we wait for the dip down and then another extension up we get a breakup structure the upside we get a sweep of liquidity this is the trades that we want to take and now we can Target these high time frame areas right I could you know like my speculation on gold is that this thing goes all the way back up I'm assuming that this is going to continue the monthly Trend and rally Higher and Higher and Higher and Higher and Higher do we want to hold this trade for like months on end probably not um but these are the types of Trades that we want to take we want trades that are within monthly sentiment within daily within weekly sentiment because those are the extensions that are that are going to happen I was telling my Discord earlier today when we're like if you're looking at retracements they chop they chop they chop they chop on the way down because that's not where the volume wants to go on gold volume wants to go up so look at how price moves down it chops chops chops chops chops oh we get a leg up psych boom liquidity sweep big rally back on up and then chop chop chop down Boom Big rally back on up and then right once we start seeing chop coming back down what are we looking for we're looking for another setup you know maybe price wants to come back into this chop right here or maybe price just wants to revisit boom this massive accumulation area right now that we're breaking out of okay this is all stuff that we want to think about when taking our new trades and when taking trades in the future um so that's kind of what I'm looking at moving forward hopefully you guys found some value out of this I kind of want to sit on here until this [ __ ] hits take profit three per usual all these trades are taken live with the Discord every single morning on like a zoom call type of thing um the Discord open opens back up in around three days okay so on the first of every single month to the seventh the Discord will be open for a week straight okay that's kind of how I've been doing things who knows if I'll change it in the near future but um if you guys want early access to that or if you guys just want to get on the wait list to get into the Discord because we do cap it out a certain amount of people coming in you can hit the link in the bio and then go into like the watt page you'll see like the my Discord thing you click on that and then from there you'll be able to see um the free Discord and in there there's like a weightless entry link that you guys are able to use that gives you like a little discount on it but anyways this was the trade that we took today um I I love kind of like how I'm moving forward with this um and kind of just trying to have a bigger picture of things and I also think this will help me stay away from Trading like Ticky Tack and trash ass days instead you know just like getting comfortable with waiting for price to come to us getting comfortable with waiting for our trade entries to come to us um in like just these high time frame um speculations to follow through because that's really what I've been best at is like being able to look out on bitcoin on like high time frame saying like look this is probably what's going to happen this is where price is probably going to want to extend to same thing with like ethereum same thing with silver and like it's good that Gold's a commodity because it's an asset um a great way to play off this type of stuff so um that's kind of where the trading's moving forward in the future if that like interests you if you just want to like you know take pick apart my brain while I'm trading live every day I think the Discord could add value like I kind of I kind of stay away from the Discord chat nowadays where I'm just like you know really just speaking my mind on the charts not really giving a [ __ ] about um you know like this like little small like comments talking about like you know like what girl did you have sex with you know I'm kind of you know like I'll just spew my brain out when it comes to the trading [ __ ] and then um you know like not really look into the questions until after the trade's been taken or after take profits have been hit um but yeah that's pretty much what I'm looking at uh uh right now so hopefully you guys appreciated this little recap this weekly kind of overview went over my schedule for the week went over the trade recap and went over a kind of weekly sentiment and how I'm gonna be looking at trades moving forward so that being said much love I appreciate all y'all who keep rocking with me boot camp 2.0 off to a hot start I know I didn't post a video yesterday again this is boot camp 2.0 I'm doing this um to pretty much give you guys like raw trading content um and also like I'm doing it sustainably where I don't necessarily have to go [ __ ] wild go [ __ ] ape [ __ ] on every like boot camp thing just putting on a character I'll go [ __ ] crazy sometimes like you know when I'm feeling that type of way like this morning I just felt super locked in you guys got a locked in ass video other days I probably won't feel as locked in other days I'll be like I'm locked in focused and talkative right now other days I might be less locked in a little bit slower a little bit lazier and I'll still make a video or if I don't feel feel up to it I won't make a video or if I'm [ __ ] cracked out I'll make a cracked out bugging out video that's just kind of how we're gonna roll moving forward hopefully you guys are looking forward to it I'm really just trying to make y'all better Traders and improve your guys lives in the process so that being said I really do appreciate y'all let's keep getting after it let's keep getting active much love peace out