THE BEST FOREX TRADING STRATEGY | KEEP IT SIMPLE
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- Опубликовано: 2 май 2024
- Once I realised that the only real thing that matters in the charts is the mathematics behind your reasons for entry - things really started to take off.
This is part 1 of a small series that will help you simplify your trading strategy while gaining the best results in a low-stress environment.
Cut the noise and stick to what happens over and over again. There's no need to be greedy - patience, discipline and recording of data, that's all what it takes.
Trading pullbacks is as simple as I describe it in the video. In my Discord group, we trade the Daily, H4, m15 and sometimes the m1. There is no need for any other timeframe. We trade in towards the prevailing trend showing 90% of our respect to the preceding leg. Once you discover the more probable bounce zones, it's a case of holding on until the next, or a break of a new high or low. Always pay attention to market structure using highs and lows, higher highs, higher lows and lower highs, lower lows. I know this sounds stupid it's so simple, but that's typically all it takes. Once you learn more about order blocks in my other videos, you'll see just how profitable this is, and how each week you should be drawing huge profit from the markets as you take the mathematics and make it work for you.
Any comments, leave them below.
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I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched, and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex Market, you should carefully consider your investment objectives, level of experience, and appetite for risk. Most importantly, do not invest money you cannot afford to lose.
Just passed phase 1 of 2 with this strategy. I have also found the deeper retracements to be more reliable. This is a great strategy for someone who has a full time job like me. One question i have is do you just set buy and sell limits as well without looking at price action on lower timeframe?
My man! Congratulations 👏
Yes! When I made it from the London breakout I had to fit the style of trading around my job at the time.
Re the buy and sell limits - I've got 4 set rules on entries and take profits, so sometimes use stop orders, rarely market entry and most of the time limits.
Again, congratulations mate, so pleased to hear this!
What lot size did you use?
@@user-bu7kx6um4p This would vary based on account size and SL size. Currently anything from 0.5 to 120 lots.
@TradeForexwithPaul Hey Paul. Thank you for sharing your awesome and simple trading strategy. I have just started trading it on a demo account. May you clarify something for me please. I noticed when you switched to the m15 chart where you showed the 10R and 20R trade, that there where multiple pullbacks within those legs in between the h4 lines, yet you showed that you just let the trade run from top to bottom in one order trade. Is this what you recommend, or do I place a separate order for each valid pullback on the m15 chart leg on the way up or down to the h4 lines ? I hope I explained that ok.
Dude don’t play around with prop firms, the entire business of the prop firm isn’t set up to crew up a trading floor of talented traders that the firm can capitalize and make a percentage of the shared profits, it’s ENTIRELY SET UP TO PRFOIT FROM THE IDIOTS THAT PAY THE CHALLENGE FEES. So you’ve paid $2k and some how passed both phases and you have your first 100k prop firm account, but you’re only really allowed to use 10k, there is actually no 100k, and there’s no 10k either, because you’re orders don’t go to market!!!! It’s paper trading, if you’re profitable they will possibly eventually after months upgrade you to “A” book, and your orders might eventually go to market but you can still only utilize 10k. The only reason anyone should ever use a prop firm is if they are an impossibly talented trader and you are very profitable and live in a third world country where it would take you years and years to put together a starting capital of 10k.
Thank so much Paul, this is the first time i see trading tutorial that no BS, no complicated jargon, to the point. Really appreciate it.
Thank you mate
Hi Paul, I have just taken your survey. I love the fact there is limited amount of people which is exactly why I’ve done it. I’m sure I’ll be a great edition to the discord group! Thank you for all you do and consideration.
Love your comment mate, thank you. That's exactly why I made it this way. I don't want a group with hundreds of people in. There's been nearly 2500 applicants since I created it and around 300 people overall have received an invite. 155 people overall have joined over the 8 months that it's been running and currently there are I think 82 people in there. Will ensure I get an email out to you today :)
Have to show appreciation where it’s due, waiting patiently!
“Price grabs liquidity, or whatever it grabs”. 😂
On point video 👌🏻
Haha thank you
Yeah so down to earth! Love it
This has exposed me to the reason why price retraces to a particular level and then starts moving in the direction is meant to move. Thanks Paul.
Why have i only just found you Paul. Amazing video - Binged most of your videos, thanks for these. Hope more and more come out. (No pressure) Would love to learn the strategy bro.
Keep them videos going.
Thank you so much for the kind comment and hard work
Mirroring what others say ... Top bloke . In-depth, detailed, insightful video Thank you very much .. now intrigued watching your extensive backlog .
Such a nice thing to say, thanks mate 😊
Welcome back, have been waiting for a new upload and thank you for your time and teachings😇
Thank you so much! Glad you liked it :)
Very impressed sir!!!! I need trading to work for me and this has been a real motivation to change my approach. Like many I've tried all the shit indicators and I've never been able to find any consistency. I've tried other RUclips creators who trade Order Blocks, not found them as helpful or informative and didn't fully understand the power of this approach. I will apply to discord because I think you could be my 'missing link' to becoming profitable.
Thank you so much mate. Much appreciated. Looking forward to welcoming you
Brilliant as always Paul!
Thanks mate
Thanks Paul for the value, the internet is full of garbage, you are on a different level. I would like to study your concepts from a to z and to become a full time trader using your ideas. I've already enrolled for your Discord group, hope to heard from you soon. Take care, Michele.
Thank you so much mate. I will get another round of emails sent out tomorrow hopefully. Will be closing the doors to the group mid next week though
I follow your strategy... its very cool... the concept is looking easy but you need some experience and knowledge. Its actually quite advanced. I love your videos. i like that you say everything that is on your mind while you trade so we can understand your thinking process. One of the best channels i found after 2y of trading. Thank you!
Absolutely adore this mate, thank you for the kind words!
I try to make things as simple as possible but forget that sometimes people are of very different stages of their learning and I glaze over explaining some things as if everyone should know them. Will be adding new content soon buddy.
Thankyou ist time i have seen this video makes so much sense. Just starting sort of with small pot of money. Took your advice today 5 May video posted 2035hrs. Made small bit of money instead of loosing thankyou.
Love that - congratulations mate
👍Thanks Paul -- there's always something to learn from your broadcasts. 👍
Thank you Jonathan 🙌
great stuff Paul and great to see you back posting with great content.... love your take on things and would love to get involved with your discord...
Thank you mate. Just follow the link in the descriptions
Thanks for sharing this video. After testing this with a real account, I was able to get some amazing results. This is, really, the easiest way to trade, especially if you have a full-time job. I am using alerts, so I don't even have to stare at the charts.
Love this mate. Well done! Exactly the right way to do it!
You are a pro trader man .I have seen many of the videos of other youtubers they are difficult to understand .I have backtested this strategy on GBP/JPY on 100 trades I won 65 with 1:2 target which is very good .
Thanks again man......
Bro plz tell me which timeframe you are using to analyze market
Thank you :)
15m/H4/Daily/Weekly
Thank you mate, you are a true inspiration!🙏
Thank you so much
This is good stuff, enjoy your teaching style, figuring out your style slowly, thanks for videos
Really appreciate that. Thank you
I love your way of teaching, I`m glad I found this channel.
Thank you!
I will say, this is probably the best video using the Fibonacci, and has motivated me to use it.
Hi Paul, I my Mohamed from morroco. You explain very well like a teacher. Thank you.
Bonne continuation.
Thanks so much Mohamad thank you very much 😊
Great video, lh, hh. I just have to combine it with FVG etc. The best way I think is to wait for the previous day low/high to grab the lequodity and wait for the pullback. Also look for DXY how it responds as the overall trend. I like to wait for intermidiate higher high and wait for pullback. Mondays can be really good for that strategy. Nice video, congrats! 🎉
Thank you! I encourage the guys in the group to leave FVG and other similar concepts at the door as they contradict a few extremely good entries and chart patterns. I've build it purely from statistical data (over 12,000 trades) live and backtesting. DXY is a good shout. A few of the guys pay close attention to it and it works very well for them
Wait for the juicy ones and skip the rest. Once I've read we are payed to wait. Just don't chase. The hardest easiest thing to do.
@@poljane1a take everything that has a positive expectancy and you'll never have to think again when looking at a chart. It becomes second nature
Hi Paul. Loved your video.. it was so genuine.
I'm a trader too but found your strategy simple and logic.
Would love to be in touch.
Also, may I request for a video how to spot effective Engulfing candles pls?
Thank you in advance
Just found this video again. This video is one of your best explanations of your strategy Paul. So simple when you explain it like that. Thank you.
Thank you so much mate
killing it as always Mate. Love it.
Thanks so much dude :)
You sir are showing people EXACTLY how to trade, KEEP IT SIMPLE 💯
Thank you 🙌
Great work 👍, I keep saying that trading and investing is very profitable and safe with the right help and guidance
Cheers
Amazingly straightforward. Just what I Need today🙏🏾🙏🏾
That's lovely to hear, thank you
i have been a forex trader for almost 14 years now, i have not suceeded ever since. I have learned how to build forex robots for MT4 and MT5, I continue to advance my knowledge in forex robot coding. i have build may forex robots that were not successful. I have a successfull robot now. i have used this strategy recent on my manual trading it is extremely successfull almost 100% win rate. i am planning to build a robot for it on MT5, as a multi_symbol robot. Thank you Paul for highlighting this stategy.
Keep it for yourself since it is 100% win rate.
Love the video. I really like the fact that is all mathematical, my head works that way. I’d really like to connect with you. I’m into EA robots, just started a couple of months ago and I’m liking it. Testing my first ea in paper trade and building another one which seems really good. But watching this got me in the idea to build something for it. Mathematic is everything! I love the concept.
Great to hear mate
Your video was well-presented and engaging, thank you for sharing.
Thanks so much Anthony 🙏
This is to the point. Thank you so much.
You're welcome!
Im a big fan of your tactics. I'm using it every day
Thank you! Keep up the good work!
Good seeing youre posting again!! I'll be supporting you on your discord once I get my payout. I just passed my phase 1 with your orderblock strategy.
Thats great to hear mate. Looking forward to welcoming you in
thank you for this, really love it so much.
Thank you. Really glad you like it
I used to trade this strategy during my beginner days with a bigger sl ... And used to think trading is so easy bcz this strategy is actually so simple and effective... But with tight stop losses need to be careful bcz the price might stop us out and go in our direction later which is so frustrating ... So now i wait for a bit of trend continuation momentum and then take the trade that way it increases the accuracy a lot ... I m experimenting with tighter sl maybe i just need to work on the entries a bit more ... But this is the ultimate trading strategy we dont need to learn all the complicated bs evryone wants to teach ... Thank you for sharing ❤
Its a beast when you can focus purely on it. Keep going, sounds like you've pretty much got it
Any one know how to modify the gann fib chat to these percentages
Use the Gann instead- options - should all be there mate
I use relative spectrum volume and order blocks to pinpoint when and where to trade pullbacks 😉
thanks PAUL , ,the easiest the hardest to master, most people would rather depend on complex gameplan whereby they can blame something else if they lose
So well said mate. You can only blame yourself in the markets if you're going to improve. Keep grafting :)
just found your channel, some pretty informative info here. keep it up mate.
Thanks buddy
Paul deine Videos sind einfach krass
Deine Backtesting-Videos sind weltklasse man kann so viel von den videos lernen
du kannst so gut erklären und ich würde mir wünschen dass du aktiver auf RUclips bist du bist so eine bereicherung :D
Danke mein, freund 🙌
@@TradeForexwithPaul oh sorry forgot to write in english XD
Haha don't worry. I know a bit of German. Would struggle to hold a conversation though!
@@TradeForexwithPaul Haha yes very cool :) again in English you make top videos and hope it will come a little more from you again. The last video is just 4 months old
Thanks so much mate. Really was hoping to do 2-3 a week with 1 or 2 live session trading this year but personal circumstances have stepped in the way. Will defo ramp it up as soon as things this side have settled
Nice video sir,. Informative, knowledgefull , amazing
Thank you!
that's exactly how I trade xD. Good to know I am not the only one trading retracements. Great video. ♥♥♥
Thats great to hear, great work, thanks for commenting :)
New subscriber here :) I like your style of explaining things. Also love the Zehra - Mamudo Kurban :)
Thank you 🙌
Thank you. You made order blocks so simple to understand. I would love to join the discord.
Thank you mate
Simplistic & Realistic content that has been provided by a pure professional trader--which is you. Thank you for your depth of insight into order block content and other engaging knowledge that has enriched my journey in trading. I look forward to watching many of your others videos to gain the edge in trading.
Thank you
Haha, funnily enough, this is also how i trade. The simplest Market Sturcture strategy. When price pull back, its gonna (almost always) prepare to break the high.
I always trade on H4 btw. Thanks for sharing this, i know i have friends now
Isn’t this just the fib retracement and correlating extension levels playing out. You’re right it’s math! The Fibonacci sequence is math. It’s kinda like every 5 years people on RUclips repackage age old technical analysis and call it order blocks or fair value gaps, supply/ demand etc. but its all just swing lows, swing highs (support/resistance) and the Fibonacci sequence. The deeper the pullback the better the risk to reward.
In this video, pretty much. But you'd be surprised how many people don't know this. The way I trade though; combination of pullbacks and trapped orders with several confluences.
Do you use the wicks too or just candle closes?
Both - wicks indicate where price has been, so they're just as important as body closes. They can however tell a little more of the story sometimes as to what has happened. Structure though needs to be simplified when trading so I use the wicks as my highs and lows etc
@@TradeForexwithPaul thank you. The simplicity intrigues me
I went 2 for 2 with this strategy and I just got back into trading. This really helped I’m going to study this everyday till it’s all I see
Great to hear mate. Wait until you see the next video 👌
Is this strategy working for you?
I wanna know please
I do a similar thing....using the 4 hour chart. I only go for 20 pips and buy lows and sell highs. I don't use a stop. I control risk with trading size which I can let run without a big loss and the probability that it will visit a location in the near future. My first week I made 120 pips.
Niiiice
very helpful! thankyou i am still learning in the Nusantara fx community class
This is the best trading lessons that I seen
Love to hear that, thank you!
Hi Paul. Thanks buddy I enjoy your advice. I like mathematics it's making sense. Regards Nico South Africa.
Thanks so much for watching and commenting. I'm glad you liked it
Ok, think I will test your strategy in my work. It looks awesome
Go for it!
You made complicated things become a lot simple. I like it.
Subscribed.
Love it, thank you :)
Thank you for showing the simplicity of this strategy. I like it i usually trade via ema cross over. Have been looking at the at fibonanaci as additional confluence. But like your method i will look into this as i am still learning
Thank you - I used to look at all of those as well going back a few years ago. I found they left a lot on the table. I could get them to work profitably, but I would be entering late and exiting late
Simple & amazing
Thank you ❤️
ive never understood the term order block untill now thank you
That's amazing to hear! Thank you for watching and commenting mate. It's basically trapped orders, or blocked orders waiting to be released. I'd try to ignore 99% of what you see on RUclips as it's mostly regurgitated crap from marketers trying to understand half a strategy from each other and it becomes Chinese Whispers. Order Block = People stuck in the wrong direction.
There are a few confluences that make an order block stronger than others, but just remember, in a trending market, an opposite candle is people praying price returns to them so they can liquidate their position.
All that I say you good straight to the point
Perfect, thank you!
Great video, I trade like this too 😊 almost identical, I do have some things I am looking for in the 1m at the order block which you might use too for all I know.
I am in a very cool discord with many types of excellent traders (even a couple smc guys), I was wondering if I would be able to get into your discord, I am not a newbie and happy to share my setups that I am hunting for the session (I mostly trade asia and London but will stay up sometimes for big news events in NY).
Reagardless, this is an excellent video, hopefully a few people realize the gold you are sharing. I subscribed.
really nice work ! thx for great content how easy trading could be...
Content is soo great and your explanation also thankyou for this video!! Only thing I want to highlight is that there should be no background music while explaining..
Thank you mate. Yeah, I noticed it's quite annoying!
My intention was not to offend you with your strategy but please listen to an old pro just for a moment. A trend takes time to develop. Good trades are lost while this happens. One must know when to enter/ exit first and foremost therefore why wait for a “trend. Simply trade from the outset. From the beginning to the end of any movement. I truly hope I have explained myself fully. The vast majority of “traders” trade within the world of fantasy. Good luck everyone. Mike
where do i find that modified fib lines on trading view?
amazing videos started my trading journey 2 days ago!, learnt trends, candle stick closes opens, break of structure, liquidation etc, just need to know trading structures, and this seems like a solid way for my style, how do i get those lines?
Woah well done. Its a modified GANN chart tool. 0, .25, .5, .75.
Keep up the good work mate 💪
You're not kidding when you say simple, I love the logic, saves me from over analyzing.
Thank you. Try this next ruclips.net/video/N2hIsOjrQrU/видео.html
Thanks Paul
Legend
It's very important, sharing strategies does make learning faster. i also learned this in the NFC community
Agreed - making your own analysis does however
Hey man, I just love your strategy but I have a question and I would be greatful if you take your time to explain. How do you go about changing your bias ?especially whrn going counter trend. As I understood, you first try to trade in the direction of 4h but then you change it, sometimes as you see a choch on 15m (which is not in htf ob), sometimes after a minor choch or a choch in the "inside structure" or an small choch in 4H and sometimes you just ignore them, I have also watched your other videos, btw it also makes for a good video Idea!
Sorry for the late reply.
Bias change:
Scenario- H4 is the HTG structure, m15 is LTF entry.
Bias only truly changes when H4 turns from BOS to CHOCH.
Internally though, same happens when m15 creates a choch. Ideally you only want to target an area of S/D, often shown by H4 when going counter on the m15.
Ideally also you only want to filter pro trend direction trades in discount zone of the H4.
H4 sets the session trend so still with BOS as the overall direction. Also, Choch usually leads to bos after a minor pullback so its ok to go for the continuation POI on the H4 in these situations
If you can manage 2 positions .. I like to close one at the new high or low and let one run with a trailing stop for the possible break through.
Have been gathering stats on this lately mate - good call
Great video thanks. I've found that the Zig Zag indicator on mt4 & mt5 highlights your video topic. The setting are 5,3,3 on the Zig Zag indicator.
Thank you
FANTASTIC... Love it. Simple but effective. Just need patience and discipline. Thank you Paul.
Thank you! Working on the patience and discipline more myself as well :)
I spoke below mainly because so few traders can trade. Use demo accounts certainly but never, ever trade without knowing when to enter and exit any trade. Trending is lovely but so are all price movements. Once you have proven the entry/exit strategy you have become the pro trader. Whether it’s trending up or down or simply ranging makes absolutely zero difference. You will have joined that tiny community who make a profit (huge) and feel for those cannot. All the best, Mike
Great vid. Informative. Thanks
You're welcome - thanks for watching :)
Very nice clear illustrations, explanation and strategy. Keep it simple neat and clean. thank you. Looking forward to more videos from you,
thank you so much. Definitely always keep it as simple as possible and as mechanical as possible
U get me back from far away sir, TGVM.
Love it!
awesome video........appreciate it.
👍No wishing to sound as though I am 'taking liberties' and 'wanting jam on it' , but -- now we are 3 months on -- another compact-but-complete sister video to this gem would be gratefully received, to flesh things out and to reinforce the explanations. 👍
Hopefully this one and the one after will do just this mate :)
Finally a way to trade that makes sense. I sent your questionaire back quite a few days ago, but have not heard back. Do you only send out replies to those you have chosen? In the meantime I am going through many of your past backtesting clips. Thank you.
Ah mate, I apologise. I'm not very good at sending out all the invites. Check your spam / make sure that your inbox has space... I had around 15% email bounces all due to inbox full last week
Ive just started trading still learning on demo, love the way you trade
Amazing! Thank you!
Practicing my pull backs still haven’t got it yet , do you use rsi
No mate. No indicators. Next video will help. Due out in less than 24 hours. Video after that will teach you how to gather the info yourself- due 1 week after :)
I noticed you have applied ICT smart money concept in your trading but didn't find you mentioning it. But overall, I think you are a good trader...the only suggestion I have is not to target the TP to the wick, try target it to the candle body...and you'll notice you will get hit on spot "faster", faster means less risk, and it will not hold up as a floating trade, if you have total float risk management.
I appreciate that mate, thank you; I'll backtest and check - I think you may well be right before I test it out as well
After long time Paul :) Hope all good at your end!
Thank you Zain! Improving i think at last! I hope all good with you?!
Just stumbled across your channel tonight. Love you content so far man keep up the great work! What time slot/s do you trade, is it 8-10am London? Analysis on 4h and Daily chart and entering on 15min chart between 8-10am ?
Hey Jacob, how about i give you a solution to your trading struggles, I have also been in this situation until i found out about Mr Garrison Myers master classes, very proficient & effective.... you can get to him using my handle. Thank me later😎
Thank you - I trade whenever my alerts go off so no set time really. My fav time to be at the chart though is pre-london open if I can (rare these days though)
Hello Paul, love your videos and style of trading. This probably was not the vid you rubbished support and resistance (I can not remember which vid it was), however I would respectfully disagree on some aspects, support and resistance works because large institutions and Large Corps need to get a certain price point to pay wages/buy certain goods a price that fits their model etc, this is why sometimes price holds as resistance and support. Large orders untill the the price is chewed away. The more a level is visited the weaker it gets as the liquidity gets eaten. This is my understanding.
Also, they will have the same clearing house that many big Corps use to execute orders, so its not just one Corp operating independently.
I do agree with you mate. I absolutely shat on S/R but have again since changed my mind for the exact reasoning you've mentioned above.
It definitely assists with where you can find reaction zones, not necessarily reversals, but at least reactions - which is good enough to take trades from
Powerful one
Thank you
Mindblowing! Greetings from Germany!
Danke fürs zuschauen
This so intuitively perfect 😢
I’m impressed that you actual respond to comments. I do understand some basics of what you’re talking about but there are some terms you use that throw me off. Maybe I need to start at the beginning. You use a graphic tool that breaks the gap in movements into 4 equal parts (seemingly) but Fibonacci is not equal parts. It seems an important part of your strategy is to use it 2 different ways: (1) longer time frame candles (2) hourly candles. I’m not sure I totally get it. I probably need to watch this again. How would I get in on the discord group ?
Thank you, and sorry for the late reply!
I use a modified Gann chart (same as fib but easier to use as you can grab each of the four corners). The modifications came from measuring the pullback % into drawdown over around 1500 trades (median was 28%), yet at the same time on legs price tends to retrace 25%, 50% or 75% so it works equally as well for that.
Link to discord is in the description mate
Yeah just focusing on the basics and really analyzing them like this is all you really need to get an edge. Proper RR with a reasonable winrate. Its interesting that these days i look at almost all setups as being good enough if you work on the strengths and weaknesses of each, focus on risk management you can almost make anything work.
Trading is simple but hard at the same time. Maths has to be at the forefront though!
Thanks. it seems to be good. i will try it
Thank you
I just literally refined my strategy to this exactly and then I run across this video.. 😮 I’ve been getting like 7-19 RR with this strategy ! Like 85% win rate
Niiice - it's amazing when combining with other confluences also!
@@TradeForexwithPaul yea it is crazy how accurate it is!! You’re the first person I’ve seen that actually trade like this
This is great . Your a great teacher
Thank you
Appreciate this man
You're welcome, I appreciate your appreciation :)
Very nice vid Paul, I trade similarly. Do you wait for price to react from your OB before you enter?
Thank you 🙌. It depends on a few things on whether I react or anticipate: is it pro or counter trend, and is it a HTF or STF or LTF zone. Set rules for each. (Higher Time frame, same, or lower)
Since watching your video my trading keeps winning
I'm glad to hear this. Keep it up
Trying to trade pullbacks when you don’t understand divergences and reversals as well as liquidity is really hard. It is not easy to do this at Ll
Ah mate - don't look for divergences or reversals. Two of the biggest garbages in fx. The market trends and re-trends over 70% of the time.
thankyou for sharing i'm a beginner who joined the nfc community
good good
Brilliant stuff
Thank you!
You have blue candles downwards and white upwards. What are the red candles on your chart?
Inside bars mate. Just makes them stand out easier for me to scan the charts 🤘
Good day thank you for the video... I would like to know... I am confused about using the 4h timeframe? How does the bigger picture influence what you did on the 15min if it was all depended on leg.
thank you for watching, and for asking the good question. I trade predominantly the Daily and the H4. The m15 is my entry candle most of the time. It's to increase the RR on trades between H4 and Daily Zones.
If you can master the higher timeframes, look for a repeatable entry pattern on a lower timeframe for when you reach the higher timeframe zone. The RR will increase dramatically. If taking the extreme at these zones, you can hold all the way to the next higher timeframe zone. This is where the monster trades come in (usually once or twice a week)
Great vid Paul. Do you have a mechanical way of marking structure? eg at 8:03 you say we have a 'bit of a pullback' - what makes that the swing, as opposed to just a pause in the greater swing leg (which would change our fib EQ)?
Thank you. Yes, 100%. Very mechanical trading technique with specific targets and entry criteria. 51 out of 52 profitable weeks last year, ranging between generally 10R-35R Some were lower, some considerably higher).
Will create a simplified video soon on market structure as I do it a bit differently to others I've heard
@@TradeForexwithPaul I’d love for you to elaborate on the figure you just gave, as 51 weeks of 10-35r would be a return of 510-1785r for the year, which would make you one of the greatest traders of all time if you were risking even a small percentage per trade.
Hoping there’s a reasonable explanation or something I missed, because numbers like that are almost impossible to actually yield.
No response speaks volumes doesn't it?
Solid market structure, well presented.
Thank you