no its not, market is random for everyone outside of the control. if you predict something that means you're confident that you know how the random will act which is wrong. threat is as a random, then you'll have constant gains
@@williamxavier8474 its not gambling when you have favor of probabilities. Casino does not gamble on a player they win long therm on better chances, even if casinos chance is 51%, and players chance is 49%, long run ie 100 games casino will be profitable. Now if you have higher chances of something happening in the market, that makes you the casino, and market a player. And if you repeat same thing over and over again when it occurs you will become a casino on a market. Mark douglas have done a good job in this direction, you can research his approaches to trading
You are right about Asia, I have a whole setup around the Asia open/globex open called the dip and rip, I wait to see if we will push down against the bull trend, if we get some bottoming behaviour and not bear trend from the open behaviour I like to get long for a rip past high of day, normally around Japan or Singapore opening. When it works it often gives a great risk reward and it's easy to scale into. Pretty easy to go back and confirm with visual backtest. Doesn't work every day but a lot of bull trend from the open days start with a dip and rip, its enough to build a career on. Good to see Aussie creator 🇦🇺 The way you drop down into lower time frame inside those zones, you should try using a point to point volume profile and do it just from start to end of zone, it gives the point of control for the whole zone and it helps a lot with entry confirmation, also saves looking at much lower timeframes.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can't say I regret it, I'm 50% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled an appointment
The thing I've learned so far is that it isn't enough to have a strategy with an statistical edge, you also need to know when that strategy will work and when it will not so you also need a system for that and that one also needs an statistical edge...
@@boris9047 and also, the most important thing, like he noted in the video. Finding that really good entry at the right time with the right strategy while at the right timeframes. that's like putting a thread on a needle.
Well said, remember most of the time as beginners we dont let our trading strategies we have learnt play out over a generous amount of time, so after 3 losses or so we switch to try and learn a new strategy, i have a 35% win rate but my rr is at 1:7 min, so over 100 trades i could consecutively lose 65 of them but win the last 35 and still be profitable, give your strategy time before giving up and moving to the next "profitable" strategy, the losses do hurt but take them as lessons. 3 months in to my trading journey, took me a while to see the bigger picture, patience is they key, hope everyone becomes profitable🤙🏾
The problem with a low winrate is that you'll with time have huge losing streaks. I've calculated that a 35% winrate system will have 16 losses in a row at least once within about 1000 trades.
@boris9047 100% bro it's tough but I'm confident in my current strategy, and have developed the mental framework to handle the losses, i trade futures and only have a 6 tick stop loss very tight stops but trade internal 5min internal market structure so i have a high trading frequency. I have so much more to learn though so I'm constantly refining and improving my edge and will get my win rate up soon enough with time
@@boris9047 if you can handle it mentally, it's good, depends on the person, I'd rather have higher WR and lower RR, as my psychology couldn't handle low RR I think
Constantly saying "you don't need discipline" is incredibly stupid. Your first point about adhering to what you know you should be doing + taking action on that IS part of discipline. You need specific goals AND discipline.
William of Ockham says that if you have two competing ideas to explain the same phenomenon, you should prefer the simpler one. I appreciate your effort and knowledge in this video, but I'll have to look for a simpler explanation
I love to see all the haters saying he is not profitable or his idea's do not work Keep your shit to your selves i use his concept and im more profitable that you wohld ever be (haters)
I follow someone else and the difference out discourse in small groups (esp paid) and the free resources groups is too much. Guess the fee, cheap or expensive, filters out the insufferable crowd.
seriously appreciate the amount of work and dedication you put into educating us on your system and overall observation of market structure and direction. this video really provided a ton of clarity in my strategy regarding overall directional bias in the asian session. Thanks TOM!
Why edit out every break in what you are saying. I can’t listen to more than 2minutes because it feels so unnatural and like an unending stream of words without any time to digest.
Your accent has me baffled. Are you, like me, living in Australia but maybe grew up in South Africa? ^ Comment for ur algorithm. Found the vid useful. 👍'd & Sub'd!
understand probabilities first and then post a video trying to influence others to buy your service. after all i watched, i understood you graduated the RUclips Institution of Finance & Economics
@@genefritts6915 and it's mathematically proven it's impossible to get one. Institutes have used tools to prove forex market is 99.48 % random and so it's impossible to use probabilities to find a long term working strategy
30s into this video, already want to say this way of presentation is one of the best among the trading video i hv seen
understanding direction and market structure is the MAIN key to increase your probability on becoming profitable.
FACTS🗣️
Ong
no its not, market is random for everyone outside of the control. if you predict something that means you're confident that you know how the random will act which is wrong. threat is as a random, then you'll have constant gains
@ so let's gamble!
@@williamxavier8474 its not gambling when you have favor of probabilities. Casino does not gamble on a player they win long therm on better chances, even if casinos chance is 51%, and players chance is 49%, long run ie 100 games casino will be profitable. Now if you have higher chances of something happening in the market, that makes you the casino, and market a player. And if you repeat same thing over and over again when it occurs you will become a casino on a market. Mark douglas have done a good job in this direction, you can research his approaches to trading
This might be one of the most insightful videos on trading I’ve seen in a while
thank you so much for this video bro! "success comes from action and behavior" what a quote
Consistent actions = consistent results
Love it!
Excellent rundown. I feel that you glossed over how you identify Zones. Do you have vids that explain this in more detail? 🙏🏻
You are right about Asia, I have a whole setup around the Asia open/globex open called the dip and rip, I wait to see if we will push down against the bull trend, if we get some bottoming behaviour and not bear trend from the open behaviour I like to get long for a rip past high of day, normally around Japan or Singapore opening. When it works it often gives a great risk reward and it's easy to scale into. Pretty easy to go back and confirm with visual backtest. Doesn't work every day but a lot of bull trend from the open days start with a dip and rip, its enough to build a career on. Good to see Aussie creator 🇦🇺
The way you drop down into lower time frame inside those zones, you should try using a point to point volume profile and do it just from start to end of zone, it gives the point of control for the whole zone and it helps a lot with entry confirmation, also saves looking at much lower timeframes.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert patricia Adler
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, Adler strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Thank you. What trading platform are you using?
I don’t comment on videos often, but I have to say that this might be one the most insightful videos I seen in a while. Good work!
Wow this is fire 🔥 can’t access the discord tho
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can't say I regret it, I'm 50% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled an appointment
A CGTN news host spoke highly big about this woman and her loss preventing strategies. Been trying to reach her since. Thanks y'all for the info
I also looked up "Maureen Finn Austin" and found out that she has an OF channel for those who like overweight trans men.
very insightful video .. thanks.. btw what is the mindmapping/canvas tool you were using to store the info with infinite zoom
How can we get that indicator with multiple timeframe csndles like that?
If it's predictable in any way, why aren't the majority of the people do the same thing and earn money? Their money is on the line.
Lack of knowledge, searching for 100% strategy and fear of loss.
Basically.
you're in the correct step. next is to stop watching this type of videos 😂 they are profitable because this video alone made money
The thing I've learned so far is that it isn't enough to have a strategy with an statistical edge, you also need to know when that strategy will work and when it will not so you also need a system for that and that one also needs an statistical edge...
@@boris9047 and also, the most important thing, like he noted in the video. Finding that really good entry at the right time with the right strategy while at the right timeframes. that's like putting a thread on a needle.
Most people don't believe in it that's why!!
Your provide so much value Tom these videos are gold and hugely appreciated
Which software u use to make this awesome presentations? (I know u can technically do it in paint, but i dont think thats it 😅)
what are the indicators you use to display those time frame overlaps?
Well said, remember most of the time as beginners we dont let our trading strategies we have learnt play out over a generous amount of time, so after 3 losses or so we switch to try and learn a new strategy, i have a 35% win rate but my rr is at 1:7 min, so over 100 trades i could consecutively lose 65 of them but win the last 35 and still be profitable, give your strategy time before giving up and moving to the next "profitable" strategy, the losses do hurt but take them as lessons. 3 months in to my trading journey, took me a while to see the bigger picture, patience is they key, hope everyone becomes profitable🤙🏾
The problem with a low winrate is that you'll with time have huge losing streaks. I've calculated that a 35% winrate system will have 16 losses in a row at least once within about 1000 trades.
@boris9047 100% bro it's tough but I'm confident in my current strategy, and have developed the mental framework to handle the losses, i trade futures and only have a 6 tick stop loss very tight stops but trade internal 5min internal market structure so i have a high trading frequency. I have so much more to learn though so I'm constantly refining and improving my edge and will get my win rate up soon enough with time
@@boris9047 if you can handle it mentally, it's good, depends on the person, I'd rather have higher WR and lower RR, as my psychology couldn't handle low RR I think
What are your settings for the line chart that you use to analyze your profitability?
Constantly saying "you don't need discipline" is incredibly stupid. Your first point about adhering to what you know you should be doing + taking action on that IS part of discipline. You need specific goals AND discipline.
In the trading journal what do you mean by Type 1,2, or 3?
What did you clear in net profit for 2024?
what indicator do you use to show all the daily candles like you did?
can you share your session time tamps
Is there an indicator that will overlay the like how you have have them in 8:19?
HTF Candles by Prosum Solutions
Bro when trading😈
Bro when teaching 😊
Lovely content 👍
Bro I just wanna make sure second hour of Asia is from 20:00 EST correct?....cause you also said 12pm but idk what timezone you on
William of Ockham says that if you have two competing ideas to explain the same phenomenon, you should prefer the simpler one. I appreciate your effort and knowledge in this video, but I'll have to look for a simpler explanation
Learned more about myself than about trading here
What is the software used for this presentation?
yes what is it
I love to see all the haters saying he is not profitable or his idea's do not work
Keep your shit to your selves i use his concept and im more profitable that you wohld ever be (haters)
I follow someone else and the difference out discourse in small groups (esp paid) and the free resources groups is too much.
Guess the fee, cheap or expensive, filters out the insufferable crowd.
@@hyperdkurd3208 ok make a video with your broker logins and show the money
Alex hormozi formula, nice 🔥
Good job bro! Thanks for the valuable effort.
09:40 proof for the 78% win rate ?
Is it possible to get the multiple candle indicators?
its ICT HTF Candles ( fadi )
Im American, what do I put for the country
seriously appreciate the amount of work and dedication you put into educating us on your system and overall observation of market structure and direction. this video really provided a ton of clarity in my strategy regarding overall directional bias in the asian session. Thanks TOM!
if you got some time you can make a video on how to trade this on new york session nice video 👍
Basically ICT but simple. People will get profitable using this in a way shorter time then looking for precision with ICT
@@dragosusilovic6984 another dumb kid
where can I get these indicators?
trading view, "market structure"
@@differentone_p no, they are called tomtrades
why is ur trades look like demo,no offence but i rarely see u lose trades and whats the difference between u and the guru's up here on yt
Gurus try to sell u something he dosent
He does sell a mentorship lol. His videos are just marketing for it, but you can still get some insights..
Jesus loves you! John 3:16. May God bless you abundantly! 🙏❤️
he does. all his tutorials are bad. he doesnt understand probabilities. it's impossible to use probabilities in a random market. markets do not repeat
@ why you watching his videos
Theory will always be theory. Please make a video where you apply THIS theory to execute live trades. That would be awesome.
can you please made a video explaining VCS, P.Day and other new things that you’ve added please
Would be cool if this guy traded live
no appreciation is enough for this content!!
Bro is giving us a system 💯
Great video Tom ✍🧠
AMAZING SYSTEMATIC APPROACH
Your candle colours don't help. At least don't have the green for bearish candle lol
I needed this video thanks
interesting video but damn you talk so fast i had to slow the speed down to understand what you were saying 😆
i dont understand, too complicated i liked at the start but after 5min nahhh thats too hard but thank god im profitable
i miss the backround minecraft music
20:05 who? Chicken curry?💀 Maybe lebron james instead 🤦
the second
thank for the video bro
Jesus loves you! John 3:16. May God bless you abundantly! 🙏❤️
Jesus loves you! John 3:16. May God bless you abundantly! 🙏❤️
Why edit out every break in what you are saying. I can’t listen to more than 2minutes because it feels so unnatural and like an unending stream of words without any time to digest.
😂😂 slow down the video
Your accent has me baffled. Are you, like me, living in Australia but maybe grew up in South Africa?
^ Comment for ur algorithm. Found the vid useful. 👍'd & Sub'd!
Tom, Im going to backtest this on my channel. Let's see what the results produce. Thanks for sharing, bro!
@waryefxTownley how'd you mean?
@_sSs_Andreii if the strategy works on a backtest, maybe we could use the nuggets from it.
When r u gonna do it?
@@robbie.bishnoi my next backtest video will be this one.
@robbie.bishnoi just uploaded the video and the results were shocking.
Hmm sure sounds simple :)
Untill you make LIVE sessions, you are just a YT AD REVENUE LARP
Live example: uses replay 🤣
understand probabilities first and then post a video trying to influence others to buy your service. after all i watched, i understood you graduated the RUclips Institution of Finance & Economics
I'm a stock trader, and watching people trade FOREX gives me anxiety.
Otto
Wrong! Most traders fail because they don't have a system that has POSITIVE EXPECTANCY!
@@genefritts6915 and it's mathematically proven it's impossible to get one. Institutes have used tools to prove forex market is 99.48 % random and so it's impossible to use probabilities to find a long term working strategy
way to fast sadly lol
💌💌💌
Caption stollen from Alex hermozi
2nd😄
Jesus loves you! John 3:16. May God bless you abundantly! 🙏❤️
first
Hey Tom your discord link is broken.
@itstomtrades Could you, please, drop your new mind map?