I Found the FASTEST Way to Become Profitable in 2024

fxalexg
4 Apr 202418:16

Summary

TLDRThe video script introduces a Forex trading strategy called 'Break and Retest', emphasizing its simplicity and effectiveness. It advises traders to focus on a single pattern, trade only during the New York and London sessions, and limit to one high-quality trade per week for increased profitability. The strategy highlights the importance of patience and precision over frequent trading, aiming to maximize success rates and profits in the Forex market.

Takeaways

  • 📈 The video aims to teach the fastest and easiest way to become profitable in Forex trading using a single strategy.
  • 🎯 The strategy revolves around trading one specific pattern, one session, and one trade a week, emphasizing simplicity and focus.
  • 🔄 The chosen pattern is the 'break and retest' strategy, which has a 65-70% win rate and occurs frequently in the market.
  • 🚫 The approach avoids using indicators like RSI and focuses solely on the price pattern for clarity and effectiveness.
  • 🌊 The market offers many opportunities, but the strategy is to select the best one, much like a surfer choosing the most promising wave.
  • 🕒 The 30-minute time frame is recommended for identifying the break and retest pattern as it is the most effective for this strategy.
  • 🌐 The two most profitable trading sessions for this strategy are the New York and London sessions due to higher market liquidity.
  • 📊 Entry for the trade is confirmed when a candlestick closes above or below the consolidation zone after a breakout or retest.
  • 🔢 The strategy advises taking only one high-quality trade per week to maximize profitability and maintain a high win rate.
  • 🎓 The video creator claims that their students, using this strategy, have made significant profits as beginner traders.

Q & A

  • What is the main focus of the video?

    -The main focus of the video is to teach viewers a simple and effective strategy for becoming profitable in Forex trading, known as the 'one strategy'.

  • What is the 'one strategy' referred to in the video?

    -The 'one strategy' refers to a trading approach that involves focusing on a single pattern, conducting one session, and making one trade a week.

  • What is the specific pattern that the 'one strategy' is based on?

    -The 'one strategy' is based on the 'break and retest' pattern, which involves identifying a breakout from a price consolidation zone followed by a retest of the same zone.

  • Why is it important to trade only one pattern in the 'one strategy'?

    -Trading only one pattern helps to simplify the trading process, making it easier to understand and execute. It also increases the focus on successful trades and reduces the risk associated with market involvement.

  • What is the recommended time frame for the 'break and retest' pattern?

    -The recommended time frame for the 'break and retest' pattern is the 30-minute time frame, as it is considered the most effective for identifying and capitalizing on the pattern.

  • Which market sessions are most suitable for applying the 'break and retest' strategy?

    -The New York and London sessions are the most suitable for applying the 'break and retest' strategy due to their high liquidity, which increases the chances of a successful trade with a 65-70% win rate.

  • How many trades per week are recommended using the 'one strategy'?

    -Using the 'one strategy', it is recommended to only take one high-quality trade per week, focusing on the best opportunity rather than trying to capitalize on multiple opportunities.

  • What are the two types of entries for the 'break and retest' pattern?

    -The two types of entries for the 'break and retest' pattern are the initial breakout and the retest or pullback. The breakout entry is taken when the price closes above or below the consolidation zone, while the retest entry is taken when the price returns to test the previously broken level.

  • How is the entry confirmation for the 'break and retest' pattern determined?

    -The entry confirmation is determined by waiting for a candlestick to close above or below the consolidation zone for the breakout entry, and by waiting for a price retest and a bullish or bearish engulfing pattern for the retest entry.

  • What is the significance of taking only one trade per week in the 'one strategy'?

    -Taking only one trade per week increases the focus on quality over quantity, ensuring that traders concentrate on the most promising opportunities. This approach is likened to a sniper taking a single, well-aimed shot rather than firing randomly, which ultimately leads to faster profitability.

  • How does the 'one strategy' relate to the 'SET and FORGET' strategy mentioned in the video?

    -The 'one strategy' is a specific trading approach that emphasizes simplicity and focus. The 'SET and FORGET' strategy, while not fully detailed in the script, seems to be another method taught by the speaker that has allowed students to achieve significant profits as beginner traders. Both strategies aim to simplify the trading process for success.

Outlines

00:00

📈 Introduction to the Break and Retest Strategy

The speaker introduces the concept of the break and retest trading strategy, emphasizing its simplicity and effectiveness in the Forex market. They explain that the strategy involves trading a single pattern, which has a high success rate and can lead to profitability. The speaker also highlights the importance of focusing on one pattern and not getting overwhelmed by the numerous opportunities in the market. They use the analogy of a surfer selecting the right wave to ride to illustrate the importance of choosing the best trade opportunities.

05:00

🏃‍♂️ Understanding the Break and Retest Pattern

The speaker delves deeper into the mechanics of the break and retest pattern, explaining how it works in both upward and downward market movements. They clarify that the pattern involves a breakout followed by a retest of a previous market structure, which can lead to continued price movement in the same direction. The speaker also emphasizes the importance of trading during specific market sessions with high liquidity, such as the New York and London sessions, to increase the chances of success. They use the analogy of climbing stairs to illustrate how the market moves through different levels of support and resistance.

10:02

📊 Entry Points and Confirmation for Break and Retest Trades

The speaker outlines the entry points for break and retest trades, explaining that traders can enter the market either during the initial breakout or during the retest phase. They provide specific criteria for entry confirmation, such as a candlestick closing above or below a consolidation zone. The speaker also discusses the importance of proper stop-loss placement to protect against market reversals. They stress the need for discipline in trading, focusing on quality over quantity and avoiding the temptation to enter multiple positions in the same zone.

15:03

🚀 Maximizing Profitability with Selective Trading

The speaker concludes by stressing the importance of selective trading to maximize profitability. They advise traders to only take the best break and retest trade per week, even though the pattern occurs frequently. The speaker likens this approach to that of a sniper, taking one well-aimed shot rather than indiscriminate firing. They also mention the set and forget strategy, which has helped their students achieve significant profits as beginner traders. The speaker encourages viewers to learn more about this strategy through a provided link and expresses hope that the video has been helpful in their trading journey.

Mindmap

Keywords

💡Forex trading

Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies on the forex market with the aim of making a profit. In the video, the speaker is addressing individuals interested in making money through forex trading and offers a specific strategy to achieve profitability.

💡Profitability

Profitability refers to the ability of a business, investment, or in this case, a trading strategy, to generate profits. The video emphasizes the importance of achieving profitability in trading and presents a strategy designed to help traders become profitable by focusing on a specific pattern and trading approach.

💡Trading strategy

A trading strategy is a plan or set of rules that traders follow to determine when to enter and exit trades. The video introduces a specific trading strategy called the 'one strategy' which involves focusing on a single pattern, trading in one session, and executing one trade per week.

💡Break and retest pattern

The break and retest pattern is a technical analysis chart pattern that traders use to identify potential breakouts in the market. It involves a price level being broken and then the price returning to test the newly established support or resistance level. The video highlights this pattern as the key to the proposed trading strategy.

💡30-minute time frame

The 30-minute time frame refers to the period on a trading chart where the x-axis represents 30-minute intervals. The speaker suggests using this time frame as it is the most effective for identifying and capitalizing on the break and retest pattern.

💡New York and London sessions

The New York and London sessions refer to specific periods during the trading day when the forex market is most active due to the overlap of trading hours between these two major financial centers. The video suggests that these are the optimal sessions for executing the break and retest strategy due to higher liquidity.

💡Entry signal

An entry signal is an event or condition that indicates to a trader that it is the right time to enter a trade. In the context of the video, the entry signal is associated with the break and retest pattern, either on the initial breakout or on the subsequent retest.

💡Risk management

Risk management in trading involves strategies and practices to minimize and control potential losses. In the video, the speaker discusses the importance of setting a stop loss to manage risk, ensuring that the trade does not result in a significant loss if the market moves against the trader's expectations.

💡One trade per week

The concept of 'one trade per week' is a disciplined approach to trading where a trader commits to executing only a single trade based on the break and retest pattern each week. This approach is designed to filter out less optimal trading opportunities and focus on high-probability setups.

💡Sniper analogy

The sniper analogy is used in the video to illustrate the importance of precision and patience in trading. Just as a sniper takes a single, well-aimed shot rather than indiscriminate fire, a trader should focus on one high-probability trade rather than attempting multiple trades with varying chances of success.

💡SET and FORGAS strategy

The SET and FORGAS strategy, while not fully explained in the video, appears to be a specific trading methodology or system developed by the speaker that has allowed their students to achieve significant profits. It is likely a strategy designed for beginners to follow and execute with the goal of making a certain amount of money per week.

Highlights

The video aims to teach the easiest and fastest way to become profitable in Forex trading in 2024.

The 'one strategy' being introduced is based on trading one pattern, one session, and one trade a week.

The recommended pattern is one that has a 65 to 70% win rate and does not require the use of indicators or other tools.

Traders should focus on one pattern and not get involved in the market more than necessary, as 'less is more' in trading.

The market offers thousands of opportunities, but traders should only focus on one specific strategy for a higher success rate.

The 'break and retest' pattern is introduced as the key to profitability, a pattern that repeats itself frequently in the market.

The 'break and retest' pattern works for both upside and downside breakouts and is a classic move in the market.

Traders can enter the trade either on the breakout or the retest of the pattern.

The 30-minute time frame is recommended for identifying and trading the 'break and retest' pattern effectively.

The New York and London sessions are the best times to enter the trade due to higher liquidity and faster market movement.

Entry confirmation for the trade is based on a candlestick closing above or below a consolidation zone for breakouts, and waiting for a retest for the second entry.

Traders should only take one 'break and retest' trade per week to maintain high win rates and avoid over-involvement in the market.

The presenter emphasizes the importance of discipline and precision in trading, comparing it to a sniper taking a single, well-aimed shot rather than random firing.

The 'SET and FORGET' strategy is mentioned as an alternative approach that has allowed beginners to make significant profits.

The presenter's students have reportedly made between $1,000 to $1,500 a week using the strategies taught.

The video concludes by encouraging viewers to apply the strategies shared to become one of the fastest and easiest traders to succeed.

Transcripts

00:00

if you're watching this video it's

00:01

because you want to make money trading

00:02

Forex but there's one tiny little

00:04

problem you're not profitable clearly

00:06

cuz you're watching this video you're

00:07

trying to become profitable but don't

00:08

worry there's a solution in this video

00:10

I'm going to teach you the easiest and

00:11

the fastest way to become profitable in

00:14

2024 and this is what I like to call the

00:17

one strategy you know if like if you

00:18

have a girl she's the one or if you have

00:20

a guy he's the one well this is the one

00:22

strategy that will make you profitable

00:24

and that is you guys it's one pattern

00:26

one session and one trade a week it's

00:28

going to all make sense and this video

00:30

there's no everything's

00:32

straight up to the point so let's get

00:33

into it so first things first I need you

00:35

to understand that the first thing with

00:37

the strategy is that you will only be

00:39

trading one pattern so it's going to be

00:41

very simple and very straightforward to

00:44

understand it and you will only be

00:45

looking for this one pattern every

00:48

single day this is going to be the

00:50

pattern that is going to make you

00:51

successful and will be the pattern that

00:53

pretty much repeats itself time and time

00:56

and time again in the market you're not

00:58

going to be trading with other types of

01:01

pattern you will only be using one

01:03

single pattern and this pattern will

01:05

have about a 65 to 70% win rate of the

01:09

time because this pattern happens time

01:11

and time and time again and it is only a

01:15

pattern you're not going to be using

01:17

indicators you're not going to be using

01:19

other tools you're not going to be using

01:22

RSI da all this stuff that pretty much

01:25

puts stuff on top of the pattern which

01:27

gives it an edge no you will only be

01:29

sticking to the pattern on its own so

01:32

you're probably wondering why you only

01:33

need to take this one pattern and that

01:35

is because the market has thousands of

01:38

opportunity but that doesn't mean that

01:40

you have to take every single trade the

01:42

market gives thousands of opportunities

01:44

for different types of strategies and

01:46

those different type of strategies they

01:48

have different types of Entry signals

01:49

they have different type of risk reward

01:51

strategies they have different types of

01:53

take profits different types of stop

01:54

losses everything is different and every

01:57

single different strategy has a

01:59

different trading plan for this one is

02:00

going to be one specific one so you

02:02

don't need to use these other ones or

02:04

take a little bit from here and apply it

02:06

to another one every single trading plan

02:08

and every single pattern is different

02:10

and it requires a different type of

02:12

approach so you have to make sure you

02:13

have the proper equation to apply to

02:16

this successful pattern so you can

02:18

actually make money the problem a lot of

02:19

traders that they do is they see all of

02:22

these different opportunities in the

02:23

market and they want to get all of them

02:25

at the same time or as many as possible

02:27

thinking that that's how you're going to

02:28

make more money the more trades you take

02:31

and the more patternss you take and the

02:32

more trading plans you have doesn't mean

02:34

the more money you're going to make it

02:36

actually means the more money you're

02:37

going to lose because you're actually

02:39

involved in the market more when when in

02:42

the market actually less is more because

02:44

the less you're involved in the market

02:46

that means that you're only getting

02:47

involved in successful types of Trades

02:49

the more you're involved in the market

02:51

that means you're prone to more risk

02:53

which at the end of the day more losses

02:55

and the simplest example that I can put

02:56

for this is a surfer when you go out

02:58

there to be a surfer you're not going to

03:00

surf every single wave that the ocean

03:02

gives you you're going to literally get

03:03

exhausted and you probably won't have a

03:05

high surf rate or success rate riding

03:07

the wave to the beach because there's so

03:09

many different types of wave that you

03:11

don't know if it's a small one a big one

03:13

because you're just constantly trying to

03:14

get on every single wave so you probably

03:16

won't be able to ride every single one

03:17

because you're currently on one wave

03:19

then you can't get off of one then get

03:20

on one there's just too much going on if

03:22

you're trying to Surf every single wave

03:24

but let's say that you're a surfer and

03:26

you're just sitting there in the water

03:27

waiting for that one big wave

03:30

well once that one big wave comes you

03:32

see it coming from afar you avoid all

03:34

the little ones that make no sense and

03:36

once you get on that one big wave your

03:38

surf rate will be a lot higher the it

03:40

will be a lot smoother you can do more

03:42

tricks it'll be more worth the while and

03:44

more enjoyable having one solid wave a

03:47

day or a week rather than having to

03:50

crash on a bunch of little waves in the

03:52

middle of the ocean for no reason so now

03:54

you're probably wondering what pattern

03:55

this is right and you've actually seen

03:57

this pattern hundreds of time and you

04:00

will continue to see it this pattern is

04:02

known as break and retest now just don't

04:06

think that you know how to use it just

04:07

yet because there's actually a strategy

04:08

behind how to use it what time frame

04:10

what session and what entry signal is

04:11

exactly what I'm going to explain in

04:13

this video so the pattern itself of the

04:15

one strategy will be the break and

04:18

retest strategy sounds simple right well

04:20

that is because simple works in the

04:22

market but if you use it effectively and

04:25

if it's your first time hearing this

04:26

break and retest and you're wondering

04:28

what it is this is what it is it

04:30

literally is a break and retest like

04:33

that's it's literally that simple and it

04:34

might sound too simple but it is what it

04:37

literally says it's when something

04:39

breaks it it comes back it rets it to

04:42

continue to the upside or to the

04:44

downside this pattern Works obviously

04:47

both ways a breakout to the upside or a

04:49

breakout to the downside this is where a

04:51

market is usually at a level of

04:53

accumulation and it will break up to

04:55

create a high it'll come back and retest

04:58

the previous Market structure to then

05:00

continue heading to the upside or if you

05:02

have a breakout to the downside this is

05:04

where the market will then have a

05:05

breakout to the downside it will then

05:07

retest the previous structure point or

05:09

the support and resistance which we'll

05:11

get into all that now so then it

05:12

continues heading to the downside this

05:14

is a very classic move and this pattern

05:16

happens time and time again you can

05:19

enter in two different types of formats

05:21

in this trade you can enter on the

05:23

actual breakout of the pattern or you

05:25

can enter on the actual retest but I'm

05:28

going to explain a little bit more of

05:29

this when we get to the actual entry of

05:31

how you can use the break and retest and

05:33

how to have the successful win rate and

05:34

break and retest are everywhere like you

05:36

see that right there yeah that says hit

05:38

the Subscribe button all right so with

05:40

that being said and now that you

05:41

understand that how can you actually

05:43

visualize break and retest well we

05:45

probably breaking retest every single

05:47

day in our day-to-day lives and you're

05:49

probably wondering what the hell does

05:50

that mean well we literally break in

05:52

retest when we're going up steps or when

05:55

we're going down steps every single time

05:57

you're going up a step in stairs you're

05:59

breaking the last step to retest that

06:02

step so it can get you to the next one

06:04

it's a continuation climb to the upside

06:06

and when you're going down the steps are

06:08

down the stairs you're using the last

06:10

step as your support so you can put your

06:12

foot on the next step so you can

06:13

continue heading to the downside the

06:15

market does the same exact steps to the

06:18

upside and the same exact steps to the

06:20

downside now you're going to use the

06:22

steps in your favor to have the break

06:25

and retest to then go up and then your

06:27

break and retest to go down you cannot

06:29

go to the steps to the second floor

06:31

without using the break and retest and

06:34

you cannot go down from the second floor

06:35

to the first without using the break and

06:37

retest to the downside and now this is

06:39

very key that you understand this

06:41

because this is going to lead you to

06:43

understanding how to become profitable

06:44

as fast as possible why because this

06:47

pattern happens every single day so you

06:49

can capitalize off of it more often than

06:52

a normal person would cuz when a number

06:54

of person sees it they just think oh

06:56

it's another break and retest but they

06:57

don't really think about capitalizing

06:59

behind

07:00

so if you have to make sure that you

07:01

understand this pattern because it's

07:03

going to be the fastest way how you can

07:05

actually make money and that leads me to

07:07

my next point which is how is it the

07:09

easiest well the easiest is because

07:11

we're going to actually see this pattern

07:13

every single day and that is by using a

07:16

very specific time frame which will lead

07:19

you to seeing it every single day and

07:22

that is going to be the 30 minute time

07:25

frame this will be the time frame that

07:26

you're going to be looking for on this

07:29

break break and retest and it will be

07:31

the only time frame that you will be

07:33

looking for this pattern now this

07:35

pattern happens on the 1 hour the 2 hour

07:37

the 4 Hour the daily the 15 minute the 5

07:39

minute the 1 minute all of these

07:41

different time frames it will happen but

07:43

this pattern will take a lot longer to

07:45

happen in obviously the higher time

07:47

frames and this pattern on any time

07:49

frame below the 30 minutes simply won't

07:52

be as respected as on the 30 minute I've

07:55

been trading now for 7 years and I've

07:58

literally tried to put this a test many

07:59

times and it's just not as effective

08:01

it's more effective on the higher time

08:04

frames it just requires a lot more

08:05

patience and it requires for you to be

08:07

in the trade longer and the pattern

08:09

doesn't happen as frequently as it would

08:11

on the 30 minute and that is why it's

08:13

extremely important you only focus on

08:16

the 30 minute time frame and yes this

08:18

pattern once again is on every time

08:20

frame but it is not as effective as it

08:23

is on the 30 minute this is very

08:24

important to not only having the fastest

08:27

way to become profitable but so it is

08:29

the most effective so now that you know

08:31

what the pattern is which is break and

08:33

retest and you know at what time frame

08:35

you should be looking for it which is on

08:36

the 30 minute and you go onto the market

08:38

and you see this pattern happen time and

08:40

time again you're probably wondering

08:42

when should you enter the trade when is

08:43

the right time is it in the morning is

08:45

it in the afternoon is it in the evening

08:47

when should I enter the trade and the

08:49

answer is you should only enter the

08:51

trade at two different sessions the

08:53

market has four different sessions two

08:56

of them having the best liquidity two

08:59

having no liquidity liquidity is when

09:02

the market has a lot of volume when

09:03

there's a lot of buyers and sellers in

09:05

the market which is going to drive the

09:07

market in a direction faster than the

09:09

other this is why you only want to take

09:11

this trade when you see this pattern

09:13

either in the New York session or the

09:16

London session these are the only

09:18

sessions where your trade and this break

09:20

and retest pattern is going to have the

09:23

60 to 65% win rate because this is where

09:26

the market is going to go in your favor

09:28

faster with with the volume versus not

09:31

now the market does have this breaking

09:34

retest pattern outside of the New Yorker

09:37

London session because the break and R

09:39

pattern happens that frequently but you

09:42

should not be taking a trade in that

09:44

session because there is no volume the

09:46

Market's not going to move as fast and

09:48

the pattern isn't as respected on the

09:51

sessions without volume compared to the

09:53

ones that it does and the simplest

09:55

analogy that I can put with this is very

09:57

simple and it's actual staircase once

09:59

again right so remember the break and

10:02

retest pattern is going to happen every

10:03

single day no matter what and same way

10:06

how the stairs are going to be there no

10:08

matter what so you get from the first

10:10

floor to the second floor the second

10:11

floor to the third floor whatever you

10:12

know level floor you want to use now

10:14

depending on the time of the day let's

10:17

say it's rush hour and you want to get

10:18

from the first floor to the second floor

10:20

you have to go through the steps a lot

10:21

faster because there's somebody behind

10:23

you and somebody in front of you so you

10:24

have to rush up the stairs so you're

10:26

break and retesting each step to get to

10:28

that second floor will happen a lot

10:30

faster versus if you go up those steps

10:32

let's say at midnight there's really

10:34

nobody going up the stairs at that time

10:36

so you can take your time going up the

10:39

steps well that's exactly how it works

10:40

with the market when the market is break

10:42

and retesting in New York session or

10:45

London session there's a lot of traffic

10:46

there's a lot of movement so it actually

10:47

happens a lot faster compared to if it

10:50

were to do that pattern at a different

10:53

session when there's not a lot of people

10:55

so you don't want to be entering a break

10:56

and retest trade when there's nobody at

10:59

at the stairs because it's going to move

11:01

a lot slower you want to enter it when

11:03

there's a lot of people at the stairs so

11:04

your trade can move in your direction a

11:06

lot faster you have to remember the more

11:08

volume that means that the bigger the

11:10

candlesticks are you don't want to be

11:12

taking a trade when the volume is little

11:13

bit because the candlesticks are going

11:15

to be very very very small you want to

11:17

take a trade when the candlesticks are

11:19

going to be very big so it can go into

11:20

your takeprofit a lot faster than it

11:22

would in these other sessions therefore

11:24

you're going to make a lot more money

11:26

which is going to be the fastest way and

11:28

the easiest way on how to make money

11:31

with a break and retest pattern because

11:33

you can still make money on a low

11:35

session volume but it's not ideal

11:38

because it's not the fastest or the

11:40

easiest you're going to be in a trade

11:42

for a long period of time where it can

11:44

mess with your psychology when you can

11:46

just simply be waiting for the right

11:47

session to kick in where you can get

11:49

that big Candlestick in your favor or in

11:51

the other direction now that leads us to

11:53

our next point which is going to be what

11:55

is the actual entry confirmation now

11:57

that we know that it's a break and reach

11:59

p pattern and we know it's on the 30-

12:00

minute time frame and we only take the

12:02

trade in New York or London session what

12:04

is the entry signal how do I know it's

12:06

the right entry confirmation to get into

12:08

the trade well it's actually very very

12:10

simple there's two different types of

12:11

entries you can have in order for you to

12:14

enter this trade the first one is going

12:16

to be the initial breakout of your break

12:19

and retest pattern so when you have a

12:21

market that has been consolidating at a

12:23

specific Zone on the 30 minute time

12:26

frame for more than 4 hours you're going

12:29

to little box accumulate now inside of

12:31

this accumulation box you can enter the

12:34

first trade which will be the breakouts

12:37

now the breakout has to be confirmed on

12:40

the closure of the Candlestick when it

12:43

breaks out of the zone you cannot enter

12:46

the breakout trade if the Candlestick

12:48

has not closed above the zone you need

12:51

to make sure that the Candlestick has

12:53

closed with a bullish engulfing above

12:56

the zone or a bullish engulfing below

12:58

the Zone this is going to be your

13:00

confirmation that the market has had a

13:02

breakout right this is the first

13:04

indication because if the Candlestick

13:07

hasn't closed yet it's not a confirmed

13:10

breakout the market can still have a

13:11

pullback and close as a big wick

13:14

continuation the rejection of the

13:16

consolidation box where the market is

13:19

potentially about to break out meaning

13:21

that now once you have your body

13:23

Candlestick that has closed above or

13:25

under the zone you are now ready to

13:27

enter the first position which is going

13:30

to be your bullish engulfing or bearish

13:33

engulfing confirmation this is where you

13:35

want to have your entry point right at

13:37

the closure of that Candlestick and then

13:39

you want to have your stop loss under

13:41

the zone of where the bottom of the

13:43

consolidation box is is going to be key

13:47

because just in case the price decides

13:49

to come back into the zone and retest

13:51

the bottom of the box your price is

13:53

still good and you do not get stopped

13:55

out this is very important because this

13:58

way if the Market has another entry

14:00

confirmation you can enter at the retest

14:02

and I'm going to get into that point

14:03

right now but you have to make sure that

14:05

you have your entry at the closure of

14:07

the Candlestick above and your stop loss

14:09

under the box if you're buying and if

14:11

you're selling you make sure that you

14:13

have your stop loss above the zone and

14:15

then your entry confirmation at the

14:16

bearish engulfing Candlestick so this is

14:18

your first entry which is the breakout

14:20

if for whatever reason you missed the

14:22

breakout entry this is where the retest

14:24

comes in because usually when price has

14:26

a break it comes back and it retests

14:30

price because remember the stair example

14:32

you have to use each step to go on to

14:34

the next one so this is where price

14:36

usually has a retest of the zone of the

14:39

same exact spot where it's was having a

14:40

struggle to break out and then this is

14:42

where you would wait for your next

14:43

bullish engulfing if you're buying or a

14:45

bearish engulfing if you're selling but

14:47

you make sure you have to wait for the

14:49

retest or also known as the pullback

14:52

where the market is going to have a push

14:55

a pullback and then that is where you

14:56

enter the trade to the upside or to the

14:58

downside you have a break you have a

15:01

retest or a pullback and then it

15:02

continues to head to the downside that

15:04

is going to be your second entry only if

15:08

you missed the first one you do not want

15:09

to scale in into two positions kind of

15:13

at the same Zone simply won't make any

15:15

sense so where you enter this trade at

15:18

the retest same exact thing when it

15:19

comes to stop-loss placement you want to

15:21

make sure that your stop- loss is under

15:23

the Zone where it was trapped in if

15:26

you're buying you want to make sure that

15:28

your stop loss is above the Zone where

15:30

it was trapped in if you're selling

15:32

simple so far right I'm sure all of you

15:34

guys can remember moments when you've

15:35

seen the market do this or you can just

15:37

simply open a chart really fast and

15:38

you're going to see this pattern 100

15:40

times but there's a catch there's one

15:42

catch that's how you have to subscribe

15:44

no I'm kidding no I mean you could if

15:45

you want but whatever uh the point is

15:47

that the catch is that you can only take

15:50

one of these trades a week now I know

15:53

that's hard we come from a background

15:56

the more trades we take the more money

15:57

we will make but that is not how this is

16:00

going to work you only want to take one

16:03

break and retest trade a week why well

16:06

this is because since this pattern

16:08

happens so many times why shouldn't you

16:11

take all of them and the answer is

16:13

because you only want to take the best

16:14

one how do you make sure you only take

16:17

the best one by only taking one and this

16:20

is going to be very key to your win rate

16:23

and to how fast you become profitable

16:25

because if you're only taking the best

16:27

of the best trades well you you should

16:29

have the best of the best results it's

16:31

almost like a sniper you're only taking

16:33

one good shot versus like a machine gun

16:35

that you're just shooting a bunch of

16:37

different targets at the same time you

16:38

want to make sure you shoot one good

16:40

shot with precision and good aim not

16:43

just random Fire at every single object

16:46

that appears and that is why at the

16:47

beginning of the video I said that you

16:49

do not take every single opportunity the

16:51

market has to give you even if you get 5

16:54

10 breaking retest in the same day you

16:56

only take the best ones that matter this

16:58

is how you're going to become profitable

17:00

the fastest way and the easiest way

17:03

because you're only focusing on what's

17:05

going to make you money how easier is

17:07

that going to get and what faster than

17:09

only taking one trade a week on a

17:11

pattern that happens every single day

17:13

like I I can't make this any easier and

17:15

patterns like these I see them every

17:17

single week in the market and not only

17:19

do I make money with them but every

17:21

single student that gets on a call with

17:23

me every single Sunday where I give them

17:25

the pairs that I'm going to be trading

17:27

and how they can use the patterns that

17:29

I'm seeing the market that's going to

17:30

play out this week where it's going to

17:31

make them anywhere from ,000 to $1,500 a

17:35

week as a beginner Trader all of the

17:36

students that apply the set and forgas

17:38

strategy make anywhere from $1,000 to

17:40

$11,500 a week using the set and forgas

17:43

strategy now if you've never heard about

17:44

the set foret strategy like how you

17:46

potentially didn't know how to become

17:48

profitable the fastest or the easiest

17:50

way just click the link in the

17:51

description below I have a video there

17:52

for you that explains to you exactly

17:54

what set and forget is and how it's let

17:56

students make numbers like these or even

17:58

these so if you want to know more about

17:59

it make sure you click the link in the

18:01

description below and that's where

18:03

students are making anywhere from $1,000

18:04

to $1,500 a week as a beginner set and

18:07

forget Trader I hope this video was

18:08

useful and you to become one of the

18:11

fastest and easiest traders to become

18:12

successful and I'll see you guys in the

18:14

next video

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Forex TradingBreak and RetestTrading StrategyMarket AnalysisProfitable TradesTrading PsychologyRisk ManagementForex EducationSwing TradingTrading Patterns
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