Speaker A
I was looking at this picture and thinking that, well, it needs to be somewhat proportional. And no, that's not how it works. You have to look at the picture locally and say, "This is a complex correction." That's it.
Detailed analysis of complex market corrections, manipulations, and trading strategies on multiple timeframes by Dobrunia trader Smart Money.
Key Takeaways
- Always analyze market movements locally and recognize complex corrections within smaller timeframes.
- Patience and conservative entries are crucial; avoid rushing into positions without clear impulses or reversals.
- Multi-timeframe analysis helps confirm trends and avoid false signals caused by manipulations.
- Understanding session manipulations and liquidity sweeps can significantly improve trade accuracy.
- Learning from mistakes and adjusting strategies based on live market behavior is essential for trading success.
What the video covers
- The video explains the concept of complex corrections in market charts and emphasizes analyzing price action locally rather than proportionally.
- Dobrunia discusses working within local ranges on smaller timeframes like 15 minutes and the importance of conservative entry points.
- The speaker highlights the difference between internal moves and impulses, stressing patience before entering short positions.
- Manipulations during trading sessions, especially around London and Frankfurt opens, are analyzed to distinguish genuine trends from false moves.
- The importance of multi-timeframe analysis (1-minute, 15-minute, hourly, and 2-hour charts) is emphasized for better trade decisions.
- Dobrunia shares personal trading experiences, including mistakes and lessons learned about stop placement and entry timing.
- The video covers how to identify and react to accelerating impulses and the significance of momentum in trading decisions.
- Session labels and their timing are discussed, with suggestions to adjust them for better clarity in chart reading.
- The concept of liquidity sweeps and blocks is introduced as part of understanding market manipulations.
- The video encourages traders to study historical charts to recognize patterns and manipulations for improved win rates.
Chapters
- 00:00Understanding Complex Corrections and Local Market Analysis
- 04:05Impulse Moves and Conservative Entry Points
- 08:41Session Manipulations and Trend Identification
- 12:11Personal Trading Experiences and Lessons Learned
- 16:50Multi-Timeframe Analysis and Stop Placement
- 23:00Liquidity Sweeps, Blocks, and Market Reactions
- 27:35Recognizing Patterns and Improving Win Rates
- 30:23Summary and Final Thoughts on Trading Strategies
Full Transcript — Download SRT & Markdown
Speaker A
There is no other way. If you say that this is a complex correction, you just have to understand that it’s a complex correction within a local movement. That is, the market on the chart always draws a picture like this.
Speaker A
Yes, and you understand that this picture also consists of, well, the same kind of pictures. And if you zoom out the chart, for example, to an hour, you realize that here, physically, there hasn't been any super visible correction yet. So it looks something
Speaker A
like this kind of movement. So, I work, if I see this picture on the 15-minute timeframe, I work within a local range.
Speaker A
This is how it looks. And, well, this is all a conservative entry point. This entry point is conservative. Someone will say, "He’ll be right here, the question is where to place the take profit." That is, if you place a take
Speaker A
profit from here to here, it’s clearly illogical, because, well, how? That is, you assume that you are entering here, and this complex correction won’t eat you up. If you take that into account, there are no questions. Well, then it turns out
Speaker A
it’s also internal, or is it something more... For now, I generally believe that yes, it’s internal. And most likely we are currently—well, I just wrote that I’m expecting a complex correction—so I allowed for this movement, meaning if we are reversing, we are reversing
Speaker A
with a large movement, right? That is, we are reversing, for example, like this, yes, with this kind of movement.
Speaker A
And we, hypothetically, are at this point. We are going to get an impulse now, which is why I can't short yet. I don't have—if you look there, well, let's not use an hour, let's use 2 hours, right? So, 120 minutes, if you
Speaker A
look at 2 hours, you don't have a reversal yet. This is just a complex correction to this movement, so you should treat it exactly like that for now. That is, I want the movement to go down, but for a better quality position,
Speaker A
down, up. And that is where positions begin. I don't see that yet. You can look at it on the 15-minute timeframe. Right now.
Speaker A
It really makes me happy right now that I was aware that all of this was, like, an internal movement, and that I'm waiting for this kind of movement.
Speaker A
Uh-huh. Uh, I just want to understand why you decided to go for an internal move, and on the second conservative one at that, rather than the first.
Speaker A
No, the first one here isn't the first; look, the first is just me wanting to reverse the market. On the second one, I see a manipulation, and I ask myself the question: who did we deceive? If I agree with that, I understand that at
Speaker A
the beginning, that is, look, because quite a large move happened here, there might be some kind of accelerating impulse, and I'm betting on that in this case, because, of course, I want this, but these actions have already taken place. So, if I get some kind of
Speaker A
accelerating move, I can get a bit of momentum. And that's what I'm trying to work with. Can one say that? That, uh, you recently, sorry, I don't know his name, his nickname is DK.
Speaker A
Danil. Danil, Danil. Well, Danil was asking about the impulse. Here is where that position is, here it is. Like, we should be a bit more aggressive and not wait for that complex one.
Speaker A
Well, yes, because you'll have many of these moves. It Uh-huh. Uh, why? Wait, once again. Well, because you'll have many such moves that won't necessarily interrupt each other, and therefore, well, it's an acceleration, an impulse. There's no point in waiting too long there. Uh-huh
Speaker A
. Could one say that, well, let's say we go to the hourly chart, let's look, is this an impulse?
Speaker A
Is it, like, the same logic here? Right? Yes. Uh-huh. Alright, thank you. Thank you.
Speaker A
Uh-huh. Okay, good, Danil. We'll most likely return to these questions several more times. Actually, I'm probably going to talk about this in more detail right now, Orest. Here's a minute for you. And, well, in general, I came here today to talk about
Speaker A
manipulations, but I'll tell you about, like, this stupid position: obviously, I didn't check the clock, I waited, and waited, and waited, and jumped in, like, expecting a dump and that we would tumble downwards. Why did I enter that
Speaker A
way? Because if you look at the movement that was on the left after London, it didn't provide any adequate entry points on the 15-minute chart, well, the ones we are used to.
Speaker A
So today, well, as Artyom says, like, well, that's it, down, as it were. And, I probably need to say that I flipped my bias right here, meaning up until this point I was still looking long, looking for some, uh, well, entry point
Speaker A
. Well, with confirmation, as it were, after I saw everything collapse, and I saw something more or less here, this movement, you see, it's more complex relative to this chop that was going down. And, I considered this movement,
Speaker A
the fact that, well, this hope, it actually swept several of these liquidities. And so I was forced to switch to the one-minute chart, even though I promised myself just this morning not to do that. Well, and here I joined in, overall. Uh if it weren't
Speaker A
for this story, and furthermore, New York itself opened, and I realized what I had done here, actually, our session label, it doesn't appear in advance, but after the fact. Maybe I need to adjust it by 15 minutes.
Speaker A
Well, the thing is, yes, it's better if it's inconvenient for you, to adjust it by 15 minutes. I mean, on a fifteen-minute candle it just opens on the first one in the clouds, and you don't understand where that is.
Speaker A
But actually, I was on the one-minute chart here, because, well, on the one-minute it should be there right away, by the second minute it returns to normal, yeah. And it turns out that I was, roughly speaking, slightly in profit
Speaker A
and at breakeven when the session started. I was like, "Oh, I haven't been stopped out." And I was there rubbing my hands together like a fly. I thought, "Well, everything's fine, now we'll go further." And then boom, and
Speaker A
that's it. And, in short, I realized that it was a stupid stop. It doesn't affect my analysis at all. And after this spike I was also forced to join in here. I'm really not good at entering these kinds of positions. Not enough
Speaker A
experience on some kind of pullback. Stop. How? Stop, what, here? Stop. I, well, at least behind these lows. Well, I made something up for myself there.
Speaker A
Well, I closed because there was a block right here. And, uh, and in fact I closed a little later. That’s where I drew the position poorly, when I could already see from the block that it was getting some reaction. I thought,
Speaker A
nah, it's going to give a bit more now. So I closed. Well, Artem, I see, held on a bit longer, but my hair is already all gray, so I decided not to.
Speaker A
Excellent. Good. Uh, but I, yes, I was telling Artyom about that, but I wanted to find out something else. What if, today it was clear to me, this was clearly a session manipulation, it was against, uh, our, well, local trend. It, well, roughly
Speaker A
speaking, did everything we were expecting in terms of a correction. Well, specifically I expected the correction to potentially get complicated, but could we look a little to the left and compare it with the manipulation from yesterday's London session? There. Because that one isn't
Speaker A
very clear to me. We had movement on Frankfurt, but it was perfectly normal. And it was the same there too. It was locally bullish. And this, well, I can't say it was a manipulation, well, the movement just continued. Then a
Speaker A
pullback from it, and like, let's jump in further. Yes, we had some bearish bias before, well, this high was taken.
Speaker A
But nonetheless, if we're talking about local trends, at the very least, I couldn't call that a manipulation.
Speaker A
Could you please tell me how, well, how you determined that it was one? Well, in this case, we just have, and here, well, for me, I don't know, i
Speaker A
up, down, up. I mean a sharp acceleration, like we're about to fly somewhere. We break through some block, we break through some liquidity there.
Speaker A
Well, for sure there's some of it to be eaten there. It's the same thing here.
Speaker A
We arrive in some zone, we show a move down, and it seems like that's it, now we're definitely flying up. Essentially , I just need to see that this move definitely isn't flying up. And essentially, I need to see the first S&
Speaker A
R, since I'm coming from a short bias, that's enough to try and join in. Same thing here. Well, like, where do I enter? Well, I can't enter anywhere here. Well, sure, someone might say: " You should have done it here." Eh, you
Speaker A
can do it once, if you really wanted to short it. You can do it once, right?
Speaker A
Well, and you get the take profit right away. But I need to get something else here, other than this. Accordingly, in this context, I also definitely see a reaction from some block, some liquidity sweep as well, right? Well,
Speaker A
liquidity is definitely being swept here too. But that’s not what’s important to me. What matters to me is the process itself, bit by bit, that we headed down. Like some little imbalance , maybe some kind of S&R level. If it
Speaker A
turns into a total mess, well, that’s even better. I mean, look, during the New York session, we had something beautiful forming right here, didn't we ? So, you need to get something—some held out, some didn't, and entered here
Speaker A
. Some held out and entered here. Some held out even longer and entered here, right? So, it’s all a process—the longer you wait, the better. But there is a problem. It might just happen that you close your eyes, and it's already
Speaker A
over here. And what do you do? You still have to place your stop here. Now you sit there , trying to figure out where to put your stop. That’s why, well, with the trend, you have the right, you just
Speaker A
need to come up with some justification for yourself. I personally believe this is a manipulation, period. That’s it, nothing else. And it's best if these manipulations are always justified in more or less the same way, right? It shouldn't be like: "I want this one,
Speaker A
and I want that one." And don't forget about your stops. However many stops you hit, if you hit a stop here, then you stop. You don't make more entries of that format in a row. Yeah, that’s actually what I’m asking, so I can
Speaker A
gather more information to answer these questions myself, because, well, we’re always sweeping liquidity somewhere and hitting something; if you look at any move, I can invent what it hit and what it swept.
Speaker A
No, here the format itself, as we discussed back then, like manipulation one, manipulation—well, I called it manipulation one in that video, right —is that we have some kind of accumulation. Here we are, look, within five minutes you'll find an
Speaker A
accumulation block and that's it. And it feels like we're about to fly upward . I mean, this is definitely a long.
Speaker A
When this situation occurs and a pullback begins, it could be a long, right? I mean, it could just be a pullback before heading up, but then I'll just get stopped out here. That's it. But if we look at the
Speaker A
chart, we'll notice that, historically, these types of trend-following entries work out quite well because, essentially, it's a manipulation.
Speaker A
That's all. I mean, if you scan the chart yourself and look at these peaks, and if you personally decide what you're looking for—let's say you spotted this manipulation—you'll see the win rate on them is just astronomical. The only thing is, we
Speaker A
don't always see them ourselves, right? I mean, but that comes with experience. We get rewarded for that.
Speaker A
Uh-huh. Yes, Artyom, and about that astronomical win rate. I'm probably not ready with proof yet, but sooner or later I'll do it and present it. You gave us a task to mark all the points, uh, for, well, all of them. I started doing it a
Speaker A
bit differently. I started taking knowingly wrong ones, or rather, I see that we have a long trend, and in all long trends, I enter a conservative short.
Speaker A
And, well, there's actually something to show later. Of course, in the worst-case scenario, even if you're doing everything right, you'll still have a small, but positive result.
Speaker A
In short, if you enter conservatively, it happens very rarely, and the hardest part is the waiting, but it's totally overpowered. I mean, losing your deposit on conservative entry points is —well, let's see where the entry was —it's just unrealistic. Well, even
Speaker A
then, I don't know, perhaps for psychological reasons—like, damn, I hit one stop, then another, I'm uncomfortable, let me rush and enter without a stop or with a larger position and so on. And then the person blows their account. Ludomania isn't,
Speaker A
well, tilt; rather, it’s not blowing your deposit on 100 trades, it's blowing it on five trades, from the first to the fifth one. Literally just like that, in a snap, in a single impulse, a person goes from a couple of
Speaker A
stop-losses to losing half their deposit. Well, that's how it was for me when I was moving it.
Speaker A
The question is whether you can hold yourself back, and why I say "believe in the trading strategy" is because belief says: on the long run, you know that if I got five stop-losses today, or even tomorrow, or in a week or two,
Speaker A
I'll easily make those back. I’d have to try really hard not to recover those five stop-losses.
Speaker A
Well yeah, you have to manage to get them in the first place, which didn't happen because it's conservative.
Speaker A
Let's say you lost your cool and hit five stop-losses, but that’s not, well, that's not the end. You’d really have to work at it. And we see, well, how easy it is to find examples on the chart. So, here’s a task for
Speaker A
you: imagine you need to make a video about how the "cherry" setup works, and find a nice example on the chart of how it works. Try to explain it. You'll be shocked at how much time you have to
Speaker A
spend on the chart to explain the " cherry" setup. And I know, because I’ve recorded such videos myself.
Speaker A
There. Because it’s practically impossible. It almost seems like it works. But when you start looking, it doesn't work at all. When you want to find an example for your homework in terms of a conservative entry point, you’ll point at the chart with your
Speaker A
eyes closed. And that will be your example, anywhere on the chart. And in either direction, there will just be no entry points.
Speaker A
That’s how, yes, how different it is —like night and day. It's just, well, now the task is simply to keep yourself in check. Yes, it's hard. Damn, you want it faster, but if it works, if it worked back in the eighties—I keep
Speaker A
remembering that Valeyev book, how I just backtested the charts and everything worked, for heaven's sake.
Speaker A
So it turns out it will work tomorrow, and it will work in 10 years. In short, think about it.
Speaker A
Well, yes, thank you, Artem. Well, conservative points are totally OP, you just have to learn how to do it.
Speaker A
Actually, Denis just took a conservative point on gold. Well done. It was already forming during the morning review.
Speaker A
Uh, that's super. Okay, got it, Denis. Right, so let's move on for now. And so Andrey well, good evening.
Speaker A
Yes, please. Good evening. Right, and those thoughts just now were quite interesting. Right. Uh-huh. So, look, we got some sort of correction, right, for the longs, let's say. I was expecting something like this, for example.
Speaker A
Well, let's say if we're looking for longs. Uh-huh. But at that moment in the cluster, I saw an invalidation for my longs and I shorted, because my bias was more toward the short side. I realized I would go long if I saw a move more like
Speaker A
this, in this direction. Uh-huh. So I entered. But the stop, ideally, should be at the invalidation. Uh-huh.
Speaker A
But naturally, I chose a compromise, placed it a bit lower, like, because otherwise, the stop would be massive, and the take profit here, it was, well, kind of iffy. So I placed it and waited for the block to be broken. In the end,
Speaker A
it went down. I had already moved the stop to breakeven somewhere here, and the manipulation just abruptly took me out. I didn't even have time to process what had happened.
Speaker A
I was like, "Okay." I see the manipulation. I think, damn, I want to enter here. I really thought, "All right, I want to get in." But it went down, and I realized. I'd probably have to put the stop somewhere around here.
Speaker A
Well, something like that. Basically, at that moment, I couldn't figure out how to enter because there was a sharp candle going down, and how do you enter ? Like, putting a stop in thin air.
Speaker A
Although, on the one hand, it doesn't matter when it's just one candle going down, whether you put the stop here or there, because it's one candle; it could just as quickly go back up.
Speaker A
Essentially, if we had done something like this, for instance, on the 15- minute, hop-hop, then yes, it makes sense, because you could get a structure like this. And then it's a more complex move.
Speaker A
But when it's just one candle, it seems kind of pointless. Do you agree with that? Like here or here?
Speaker A
Yes, I agree. Uh-huh. Okay. So, then I thought, okay, I missed it. Well, I figured out that logic later, because you just explained it now. But anyway, I thought, let me try to enter short here, since we've already gone so far. Level 5.3, after
Speaker A
all. I set a take profit here, and it missed it by literally a pip. It suddenly bounced off something there. I was like, "Damn, I didn't make it." It was literally off by one pip. I had it at 3.23. It went up to 3.20.
Speaker A
And I'm like: "Dang, I'm thinking, okay , maybe I should wait?" And I was hoping it would actually make it all the way here. And in the end, it just took me out at the stop loss. I'm just
Speaker A
sitting there thinking: "The idea was good, but the execution, well, it fell short." Uh-huh.
Speaker A
Right. Well, and that's it. And now, is it just luck or bad luck, there's no other way to look at it, right?
Speaker A
I mean, how many times have we said that technically in these spots, if we see it didn't quite reach, and it’s already pulled back, don't wait for those sweeps, just accept it, there’s no point in waiting. It can, every
Speaker A
single time it can make a more complex correction. Every single time. Yeah. You have to ask yourself in the moment: where am I, and how far away was the last complex correction? Accordingly, the further away it was, the faster you
Speaker A
need to close. But otherwise, it's good , I like everything, super. Uh-huh. Could you show me the best way to set take-profits? I just have a problem where I don't understand the correct answer in a trend, you know,
Speaker A
when there's an impulse, there's no right answer for where to put the take-profit. Well, you should have ideally placed it before this block, but there are two. If you're okay with that, you place it. I mean, it's best
Speaker A
to aim for the nearest liquidity, blocks, and things like that. Agreed? So, we see that nothing was swept, right? We don't know for sure where it will turn around from, do we?
Speaker A
It reached that little cloud and then shot back up. There. And that's that. It's just that you didn't set it for the low-sweep, you just got unlucky there.
Speaker A
That's all. You have to understand, it’s not that you violated any rules, it’s just because we’re trading small, so these nuances happen. And ideally, trades like these are better managed, especially the small ones.
Speaker A
By managed, I mean, I mean don't get greedy, just sit there and as soon as something looks off, close it. That's it.
Speaker A
I don't think you messed up, because look, it...Can you give me a minute, I'll just show you what I was thinking in the moment, that something was being criticized.
Speaker A
Okay, yeah, there's nothing to criticize here . The question is just that you have to tell yourself, what is it that I actually want right now? I want something like a rounder number, or I want to lock in profit, and that
Speaker A
depends on where I am. And that answer comes from the question of where I am, right? I mean, essentially, lesson 52 is why we make further decisions. Go ahead.
Speaker A
I agree. So, let's say it didn't reach the target, I see a pullback like this and think, "Okay, I see these pullbacks are similar, not bigger than this one, for example." I go short and think, " Well, okay, it'll get there now." Then
Speaker A
I see this moment and think, "Still, well, maybe." Uh-huh. Well, doubts started to creep in here, but I'm sitting there thinking , "Well, if I get stopped out, I get stopped out; I was prepared to take that loss."
Speaker A
No, well, if you're prepared, then there's no issue. It's just that sometimes you sit there thinking, "Damn , no, I don't want to get stopped out." And in that moment, you just make a decision and close at market. That's it
Speaker A
. You won, everything is great, everything is wonderful, everyone is happy. Oh, well, that's partially why I understand why it happened, because I'm at the end of the move, and then when I saw this and this, I thought, "Yeah,
Speaker A
well, yeah, I'm out of here." Alright, let's continue. I like it. So, super, super, good. So, has Denis appeared? If not, then Elena. Okay, Elena, then Alexander. So, I'll probably make a clip from today's homework and add it to Telegram; if
Speaker A
anyone objects, let me know, and I'll cut you out. Anyway, Elena, please, go ahead.
Speaker A
Hello. Yes, I watched the stream yesterday, or rather the one you mentioned. Uh-huh. And, probably, I should say, not thanks to it exactly, but anyway, I was looking at other people's stops to find an entry point for myself. I don't even know how to
Speaker A
explain it. Oh, well, I looked at other people's stops, seeing that they were planning to go long. I was still biased towards shorts, so I marked out the order blocks where they might be longing for liquidity. And hold on, let me grab a pen. Well, they
Speaker A
had some block somewhere on the four-hour chart. Anyway, they already started entering positions here.
Speaker A
Someone had longs. I identified, I don't know, for myself, like this was the CHoCH, then at 15 minutes I marked this block and I was waiting, if the price drops here, it gives hope to long traders that they'll enter, and I'll
Speaker A
short. Basically, that's what happened. Uh-huh. I entered, but maybe I entered a bit early here, just as the price approached this block it reacted, and it saved me because of the slightly larger stop, but I could have entered
Speaker A
lower, probably waited longer. It will drop. Well, unfortunately, New York also took me to breakeven with this manipulation. And once I saw the stop, I didn't know where to target if I re-entered. It was just a bit too high
Speaker A
for me, so I didn't re-enter, I got a breakeven. Something like that. Excellent. Good. I like it. Super. So, any questions left?
Speaker A
Stop, breakeven. Uh-huh. Well, breakeven is better than a stop, anyway. Well, in principle, today's position, well, I can say, made me happy.
Speaker A
So better, of course, than how I used to enter before. Good. And questions, did any remain from yesterday, what we discussed, yes, is anything left or shall we just continue for now, and then if more big questions come up later, we'll clarify
Speaker A
them? No, for now, yeah, we'll continue. I just realized that I need to focus more on other people's stops, watching how others will enter. go lower. You just consider that the market, well, maybe I'm phrasing it wrong, because people
Speaker A
want to do this here, the market will likely go there, right? So, that's how we draw conclusions. It's not that it will definitely go there, it's not certain that we know that for sure.
Speaker A
However, for us, it's a significant enough factor that we definitely wouldn't do that, right? So, at this point, I cannot open a long. Right here , I definitely cannot. I can want to, I can imagine it, I can expect it, I can
Speaker A
come up with a structure shift here. Well, there is SR here too, like when it aligned, I could do a small one, but here, definitely not. And that is exactly the position for you. Excellent . Good.
Speaker A
Yes, I will keep working on it. Thank you. Super. Let's continue. Well, you see, the stream is slowly putting everything in its place. Yes.
Speaker A
Yes, thank you. Alright, good, Alexander, go ahead please. Alright, someone was writing in the chat. Okay, uh, and I see. So, Alexander, that's not it. What are we opening?
Speaker A
Let's start with gold. We can do solo. So, let me just quickly open the 15- minute chart. Gold has performed nicely . I, for now, I don't really want to trade gold.
Speaker A
Oh, and I am on But gold is just...oh, I almost couldn't hold myself back from opening a position, let's just say. I, um, in this test run, I can say, I made money on gold today. It's just beautiful.
Speaker A
Right here, right where it is now. Um, well, first off, the position was right here. This is the first thing I saw this morning. I was already sitting right here, rubbing my sweaty hands, like: "Oh, that's it, that's it, that's
Speaker A
a take, that's a take." There. And then , later on, another take. Man, honestly , we've seen this exact pattern, I feel like, a billion thousand times, my god.
Speaker A
And look, it worked out, right? And you sit there after that thinking: "Well, yeah, I got one stop loss. So what? So what? Oh, a stop. So what? And that's it, now a take. And it's as if it never
Speaker A
even happened. Okay, that's it, I'm quiet, please. Ah, well, basically, it's clear. My position was a short. I was shorting before this, waited it out, um, through all this correction, and shorted during that too. Uh, well, in the end, yesterday was a skip
Speaker A
because we were accumulating, today just the Frankfurt open, but honestly, it looks conservative, yes, but it felt like too little to me. We didn't really break out of this much.
Speaker A
No, well, that's if you believe, the question here is, look, do you allow for the possibility that a complex correction already happened? If so, you managed, oh god, not complex, correction, reversal, it means you have the right to enter at a conservative
Speaker A
entry point. There's the first one, right here. That's it. And then you decide for yourself what you want.
Speaker A
Uh-huh. And it wasn't there. Well, I, yes, I approached it that way. At the Frankfurt open, well, I looked, realized one thing, even if I want to enter at the Frankfurt open, my stop has to be here. Well, that's a bit too
Speaker A
much. Not it. And the move is like that . It looks conservative, but we haven't really seen the move into shorts yet.
Speaker A
And the correction was long and complex . Uh, I think, okay, I’ll pass. Well, it went further down from here. I, well, didn't bother. I think, no, let me wait for New York. If you show me some decent movement, give me a proper
Speaker A
pullback, I’ll trade the New York session. Then I’ll be satisfied. I already saw everything, saw the pullback, everything was nice. But this candle shot up in the moment, I immediately thought, well, bang out of nowhere, but I thought, that's it, 100%manipulation,
Speaker A
gotta get in. Well, since New York started, I said I would enter, the plan was drawn, so I entered.
Speaker A
And here we had, there was a small imbalance earlier, well, a zone of interest, let's say.
Speaker A
Uh The take profit was, roughly speaking, at three. Right here it was exactly two .
Speaker A
Uh-huh. Uh We reached this zone of interest, so impulsively and nicely. I think, no, somehow I won't, I'll wait after all.
Speaker A
Well, maybe it’ll pull back, but I didn't think it would be that much. In the end, well, it kept going higher and higher and higher. I think, I don't like this. Maybe this was already our final move. Alright, let me at least
Speaker A
set it to break-even. It hits my break-even with that tail, and then Trump comes out and hits the take profit.
Speaker A
Uh-huh. That was funny. Well, as always. Cutting my own profits, that’s what you call it.
Speaker A
So. Mm-hmm. Oh well, it’s a lesson. It happens, yeah. Alright. Well, you see, I could have also gotten a, well, break-even, because the position was already at break-even, but the market decided it didn't want to go higher and
Speaker A
took the position. So nobody is protected from this. But if you hold it consciously, well, that’s the question: are you okay with it or not?
Speaker A
If you hold it consciously, it means you agree, so we wait. And that’s good, excellent. Let’s move on to the Euro. Yes, there was also the Euro.
Speaker A
I shorted a little there yesterday on the Euro. Yeah. Okay, good. I'll show my mistakes, please.
Speaker A
In principle, I was biased short on the Euro from the start, and as they say, I’m still biased short.
Speaker A
I didn't see anything here yet, but Frankfurt. Uh, well, I couldn't enter here. I mean, I don't see what I could have entered on, and it would just be guessing.
Speaker A
Uh-huh. In the end, I waited for New York. I saw the momentum, there was a snort, there was movement. That's it, we started, we broke the trendline. In New York, there was a correction, well, for me it was sufficient, yeah,
Speaker A
manipulative. And so, let's say, after this, I entered, well, I got stopped out. Well, I thought, okay, a justified stop , no big deal. But then, something triggered me, I thought:" Aha, so we didn't go short, maybe it really is a
Speaker A
long. "Well, I got stopped out on the long too. Uh-huh. So, uh, I thought, well, when I entered, the price just jumped, my stop should have been here, but it got bumped a bit . I thought, I won't move it further.
Speaker A
It got knocked out by the tail here. I think, no, it still looks more like a long. And here on the one-minute chart, I kept looking, thought, alright, I'll re-enter, let's consider this technical .
Speaker A
Uh-huh. But in the end, when it started playing around, playing around, I thought, it's not going, definitely not a long. I closed it myself. Well, basically closed at breakeven. That's all. Today, uh, let's say, well, I saw this. And in
Speaker A
Frankfurt, this pullback seemed, well, a bit too small for me to enter. I thought, it will make this move too.
Speaker A
And later, well, that wasn't an entry, that was just me throwing ideas around, I wasn't planning on it. Well, that is, where I would have entered the first time, is exactly where I would have entered just like you did. Why didn't I
Speaker A
enter? Because I entered gold a little bit earlier. Uh-huh. That's why there was no trade here.
Speaker A
Excellent. Super. Well, such instant flip-flopping. That, of course, needs to be eliminated. It's not good.
Speaker A
Well, look, first of all, they don't happen constantly. That's the first thing. Secondly, well, you played around once, yeah, and that's enough. I mean, the main thing is that it doesn't happen every day. Uh, because when we start doing this every day and want to
Speaker A
guess—no, it's more profitable...the long run shows that you need to determine one direction and, perhaps, not change it at all there, well, like, for example, in a flat—you might not change it at all, yes, until there is a
Speaker A
precise invalidation of your, well, your bias. After all, technically, the long-side traders didn't get entry points today either, meaning they, well , didn't lose anything. So, only those who wanted, who dreamed for some reason of being super aggressive, could have
Speaker A
taken one stop. Well, one stop, not 10, not 20, not 50. The same thing happened yesterday with the shorters. One stop, well okay, two stops if you really stretch it, but not 50, so, two stops.
Speaker A
Today we recovered, if not today, then on Monday, most likely we will recover. So in this context, it's a profitable strategy in the long run, not just within one day, because everyone thinks it's only about today, only today,
Speaker A
right? But we understand that it works, well, trading works over a long period. Okay, good.
Speaker A
I don't want to get involved sharply anymore. Once was enough. Okay, super. So, anything else? Guys, can I, uh?
Speaker A
Go ahead, ask. In this move, do we even have a single conservative long move? I don't think so. Only just before New York? No, today. Well, today no, I said only aggressively. There isn't one here, most likely it's a reversal. Well,
Speaker A
someone might say it's here, but they might not physically manage. Look, there's an impulse there. They need to wait for further movement, so there isn't any. Yeah, yeah, yeah. That's what I'm talking about, if you even look for entries conservatively against
Speaker A
the trend, it's a miracle if you find anything. Uh-huh. Most likely, no. Yeah. Excellent.
Speaker A
There was such an instant surge here, just like on gold at the same moment.
Speaker A
It's clear someone dumped something there immediately. So, good. Let's go to Dmitry, then we'll have Asiya. I'll find the link right now. Uh-huh. So, let's go. So, like this, like that. And we go to Dmitry. Okay, continuing, please. So,
Speaker A
Dmitry, Dmitry, so, please. So, what do we have on hype? Uh-huh. Mmm, upward movement on it. So, waited for the correction after the trend breakout and tried to enter on the first imbalance.
Speaker A
Uh-huh. But the situation turned out such that, well, excellent. A more complex correction. Super. Good. So, you had the right, you did. If we expect a continuation, then we join in. Ah, well the main thing is to stop, right? So, technically you had
Speaker A
the right to enter once, then you stopped. There is nothing more. Of course, now some shorter might say:" Oh , so that was a short. "Well, look here , 100%there was a short. Did you have the right to take that position? Yes,
Speaker A
we did. Did you violate anything? No, we would have violated it if we tried to buy it back here, here, here, and here. Yes, that would be a violation.
Speaker A
But otherwise, no, I agree. Alright. There are mostly longs here. What? Excuse me, there are more longs here. Longs are a big benchmark. Right, right, right.
Speaker A
Well yeah, technically, yeah, yeah. Uh-huh, uh-huh. Okay, thank you. Good. So, anything else, no. Ah, the euro. Uh-huh, go ahead.
Speaker A
Yes, the euro. The euro opened a bit too low, but so. The logic was simple; yes, I saw that complex correction. And now Uh-huh. But here, where everyone was joining in, I looked at the chart and tried to join after a simple correction
Speaker A
, counting on an impulse rather than another complex correction. There. Well, here's the stop.
Speaker A
Uh-huh. This is. And why, what was the reason for this stop? I mean, can you explain what was missing here to get the take profit ? What should have been done? Maybe how can we adjust this so it doesn't happen
Speaker A
in the future? Ideally, of course, we should have entered here. Uh-huh. Meaning, there's a complex correction here, right? So, the closer we see a complex correction, the better it is to enter.
Speaker A
Could one say that your position was an error? Well, I don't think so. No, it is not an error. Exactly right.
Speaker A
In this case, you did everything correctly. However, history and distance suggest that the further we are from the complex correction, the less likely that position is to work.
Speaker A
This is the only take profit in this position. The only thing that can suggest to us that, going forward, there's no point in shorting. And in this area, that's why I even wrote in Discord that that's it, stop, because a
Speaker A
complex correction might happen now. Only for the reason that in this context, we have too long of a move, right? Meaning, this all becomes the same. So, if this is all the same, my task is to wait for something larger
Speaker A
than this move. Essentially, Lesson 5: 3. And so we are patiently waiting. Ah, okay. So, look, the task over time will simply be to observe, observe, and observe. There. So, this format—well, perhaps sit down, somehow, perform not exactly a backtest, but just scan
Speaker A
through it with your eyes to see how it happens, and notice this pattern: essentially, these small corrections don't always give you a super-acceleration, right? Meaning, they are, well, essentially just some kind of manipulation, that's all, nothing more.
Speaker A
Well, it turns out, yes, that is the logic—I was waiting for a super-acceleration, but it doesn't always happen, theoretically. And it turns out that at such moments it's better not to join in at all, and it's better to always join,
Speaker A
if you are waiting for a super-correction, you see, that's a mistake, because if you wait for a super-correction and don't enter, then next time you will definitely enter for no reason. Do you understand? You entered here, you got stopped out, and
Speaker A
now your task is to record how many stops you ultimately got in similar positions? Not because you no longer have the right to enter like that.
Speaker A
Tomorrow you will enter, and tomorrow there will be an impulse. Now, ask the question: in such positions, in what part of the chart are we currently located? And when you get the answer to that question, that's when things start
Speaker A
to look really good. Because it turns out that we enter during disappointment in such actions, in such moves, right?
Speaker A
When we see the process of this move, not when I want it, but today, basically, nothing is preventing us from going even higher, and this position will be super-duper cool for longs, because we'll just fly to the heavens and again give no entry point
Speaker A
to anyone, right? Meaning a manipulation—everyone was knocked out . Therefore, in this context, it is necessary to consider that this position is opened precisely in disappointment, yes, there is disappointment, find this movement on a higher timeframe and trade it. That is,
Speaker A
if we look at history, we see these kinds of movements. Well, of course, for now it will just be in this impulse , right? Meaning, this impulse, in essence, provides us with this movement , so that's where we will be waiting
Speaker A
for it. There. Good, excellent, I like it. Let's continue. How do you like the euro in general after crypto? Uh, it feels a bit harder considering you have to worry more about stop-losses.
Speaker A
Because the movement is smaller. Uh-huh. And risk-reward. Well, you have to sort of look for it. Meaning, in crypto, you can calmly set it to, like, three or five. Three, well, easily.
Speaker A
five in general, on average, but it feels like a struggle to find even three in the Euro.
Speaker A
Uh-huh. Okay. That's fine for today. There was a position for three today, theoretically, but it didn't work out. Well, okay, we'll see.
Speaker A
Alright, alright, we'll see. I've just started. I'm just trying to occasionally trade the Euro as well.
Speaker A
Yeah. Well yes, Daniil is suggesting now, it's still a correction. That's why it's tougher during a correction.
Speaker A
Although it's also tough during a correction in crypto; it's tough everywhere. It's just that since you were trading, for example, that same hype, well, there's nothing to compare it to right now, because there was an impulse there, but once it enters a
Speaker A
correction, it will be the same story. Alright, let's continue then, please. Excellent. Thank you.
Speaker A
So, Asya, please. Ah, good evening. I have headphones on and I'm outside. Great, you can be heard perfectly.
Speaker A
Uh-huh. My trading today was also a bit chaotic here. I entered, well, because I saw that the correction seemed to have ended. But at the same time, I forgot again that the ascent was quite difficult. And so, I entered on the
Speaker A
first, one might say, corrective move. Uh-huh. I assumed something would happen. I had some kind of gut feeling that this deception hadn't happened yet . And when I saw this, of course, I realized I should have waited for it.
Speaker A
Therefore, I was cautious here. And I entered here, well, in principle, already after two pisoners conservatively on a one-minute timeframe. Overall, believing that it would still reach this low according to the trend and would still take both the
Speaker A
sell-side liquidity and the choch, in short, everything was there. And I didn't hold it until the very end, of course, I dragged it here and closed.
Speaker A
Here I entered again immediately after there was a corrective move. Uh-huh. And in general, right before New York, I basically got my rightful stop.
Speaker A
Uh-huh. Immediately, moreover, I didn't even have time to react. And here I have a question, Artem. This movement happened so quickly, and I couldn't orient myself, and now it's hanging, well, in the red.
Speaker A
Uh-huh. And now I have a purely practical question for you. What is this downward impulse actually about? Is it a manipulation to go higher, or is it not finished? It's not a reversal yet; in this case, it's not a reversal
Speaker A
manipulation. It's just a manipulation to show a more complex correction. The more complex correction, it might already be over; I mean, this move might have already happened, right? I mean, usually, news like this gets bought up, and then we continue in the
Speaker A
true direction. Technically, we should be playing a game right now where we have a sort of short, followed by a complex correction. There it is. And now the question. This applies to gold.
Speaker A
For the euro, the picture is a little bit different. And in this move, has it already ended, or will it do this, and then a complex correction will follow this impulse? And you are currently answering the question for yourself:
Speaker A
what am I willing to accept? I agree that this move will go further down.
Speaker A
Then you wait here, or you look for an entry point. Or a complex correction will happen to me now. And I will look for a position. Essentially, you are currently observing these two developments.
Speaker A
I mean, it's just commitment to your, let's say, trend, which... No, there is no short trend here; it's not here, it can't be. The question now is whether I believe in a complex correction. Where—what is my logic right now that a complex correction
Speaker A
will happen from here? Well, that was a complex correction, that's an impulse, a correction, and now an impulse, correction, impulse is happening to this impulse. And that is what I see for myself right now. Either I see a
Speaker A
complex correction, for example, to this move, and when it ends, I try to join in from there and wait for a conservative entry point. Yes, I am currently facing a dilemma: should I close now with a minimal loss?
Speaker A
Well, no one can answer that but you. Yes, I'm just sitting here now, thinking whether to agree or not.
Speaker A
Well, in these cases, when people ask me, I usually always say to close, because if a person is asking, it means they want to shift the responsibility onto someone else, which means they can't do it themselves. It means they
Speaker A
want to, they want it, but they need someone to tell them. Therefore, yes, I usually always say:" Close it, and even if it works out, well, that's sad, life is pain, you made the decision yourself . "Actually, I had more of a question about this
Speaker A
impulsive move downward, because I see that the euro is, in principle, continuing its long movement, a complex correction, but gold is staying in this one spot and that's it, even though it had quite sharp, impulsive upward moves before.
Speaker A
Overall, it seems to me that this is just another attempt to mislead. Well, it's a fact that it's just from another zone. You have to understand, that when we reach the first zones, we provide manipulations and reactions, then we reach the next area of interest
Speaker A
. And an important point is that we moved away from this area of interest, yes, and here, on the Euro, we moved without entry points for other participants. This is a key element, because if you recall the stream about
Speaker A
other people's stops, if we didn't give anyone an entry point here, we can very often just move higher like this, and that's it. Accordingly, you need to see the process of this entry point, the process of this movement. We triggered
Speaker A
a short process, and in this case, it is much larger and of higher quality than this one, unlike this spot. Pay attention, they gave an entry point to the longs but didn't give an exit. The take-profit is likely somewhere over
Speaker A
there, on the left, right? And we are taking that. If we didn't give anyone an entry point, we can easily go up from here. And goodbye.
Speaker A
Those with stops are sitting there thinking:" How can this be? "" We need to short right here, right? "Once they are taken along, the price can easily move higher. So, for shorts, I need to see the process of downward movement.
Speaker A
Yes, I won't wait for 50 SNR levels, but I will wait. This is where your dilemma lies right now.
Speaker A
Therefore, there is no process yet. You could, for example, close and reopen during the process, but you have to understand that it will still be a stop .
Speaker A
Daniil wrote here that you agreed to this stop. Yes, we agreed, but the problem is that we agreed before this spike, because this spike changed a lot . It might indicate that in this context, the movement ended with a
Speaker A
manipulation. This is a manipulation, right? Uh-huh. And now, for this move, you might be getting a complex correction. If you think so, why take a full stop if you are no longer comfortable with it, since the circumstances have changed?
Speaker A
And, for example, you might be willing to take, say, a 60%stop, but if the price goes down, you can re-enter. So, you need to reason in this format.
Speaker A
It’s a thought process that you have to take on yourself. There is no other way.
Speaker A
Yes, I agree. I understood everything. Thank you. Good. Excellent. Alright. All right, let's continue then, please. So, let's have Zulfiya, and then we'll move on.
Speaker A
Okay, okay, okay. And like this. Let's go. Maybe we should listen to Denis as well.
Speaker A
Good day. Wait, what? What Zoom? I don't get it. Oh, it didn't copy in time. What kind of nonsense is this? Dang, I'm copying the link. But what is happening? Darn, why did the phone stop connecting to this? Weird. Okay, let's go. Yes,
Speaker A
please. Uh-huh. Well, I was shorting today. Uh-huh. Well, I saw this move, yeah, we had this move. And here I saw that S/R levels started again. There were already two S/R levels. I imagined that this was hope, and we began to see
Speaker A
disappointment. Oh, well, like this hope, it kept increasing and increasing , and maybe it will keep increasing now . And, in general, I entered, well, I marked it for myself here, thinking if it goes like that, I'll join the longs.
Speaker A
But it started to go, like, lower, and I waited a bit more and joined the short. Well, I didn't join very far, I mean, it was barely 3R, I think, I joined and that's it. Then I sat and
Speaker A
waited, waited for it to hit my stop, I also just sat and didn't do anything.
Speaker A
And here, this, when the move was sharp , well, I thought it was manipulation.
Speaker A
Uh-huh. I thought it was manipulation. And then later, I was looking at the one-minute chart, I think after the first or second S/R, I entered the shorts, and I also set a small take-profit, only 3R.
Speaker A
Uh-huh. Oh, well, because it might be hope and you're kind of afraid to hold it, and also that. And that's how those small entry points were.
Speaker A
Uh-huh. Great. Did you trade anything else? Yes, I also had Bitcoin. Uh-huh. So, Yuri, you mean the trend line from the bottom, probably. There, there, there.
Speaker A
No, no, no, well, I haven't cleaned up the extra stuff there, I didn't have time. How you sit here, and you also need to...
Speaker A
So, if possible, where did she draw this stop from? Which one? I don't see it.
Speaker A
Right there. Yeah, yeah, yeah. This one . Oh, I see. Uh-huh. And that was the very first stop during this decline.
Speaker A
Uh-huh. Yeah, yeah. I got it, I got it, I saw it. That's all, thank you. Great.
Speaker A
So, Bitcoin as well, right? Let's see. Yes, there was also Bitcoin. Yes, please. So, what do we have? Inga, I kind of dropped this yesterday, but then I logged in today and saw there was such a good move. And, well,
Speaker A
I just joined in here, uh, well, I waited until it went past this one, and just joined in up to my trend line. And that's it. That was the entry point, uh , sort of a follow-up. Since it's
Speaker A
moving upward, I just joined in for the longs. Uh-huh. Excellent. Good. You had every right, you did. Locally, very briefly. Super.
Speaker A
Yes. I mean, mechanically, you can't really do much else here. So let's move on, please. Excellent. Well, I have nothing to add. I don't even know. I have a question. Can I ask a question?
Speaker A
Tell me, which timeframe do you enter on? Do you switch to the one-minute chart? Yes, to the one-minute.
Speaker A
On the one-minute, of course. Yes, good. Yes, thank you. Excellent. Let's move on then.
Speaker A
Thank you. So, did Denis finally show up? No, he didn't. Alright. So. Ooh. So. Pum. Yuri . Uh, so. Natalia probably sent the SNR , right? Let's take a look at Natalia's next, then we'll return to the entry
Speaker A
points. But what is this? Bitcoin. I don't see anything yet. So, it's not Bitcoin. Why?
Speaker A
Well, who can tell, is it saved somehow , what it was? Oh well, never mind, let's bring it back now. Maybe it didn't load properly. Alright, please.
Speaker A
I forgot to mention, forgot to mention this complex correction. If there's a complex correction here, please keep in mind that it's not a fact that this complex correction will go like this.
Speaker A
Like this. Like this. You have to account for this. Don't miss this moment, it will punish you, right? So, the stake isn't on a re-low. Okay, I'll stay quiet. Well, it might work out, but we remember, keep it in mind. I'm
Speaker A
quiet. Go ahead. Yes, it was tough today. I was sitting there waiting and waiting, uh, well, I watched this downward move all day, uh, until it broke through. The stops for the long.
Speaker A
I was interested in where, well, what kind of stop that was. Well, I would have entered here too, as I saw a good pullback, and one could have entered, but I, well, I didn't trust it, I was probably afraid, I wanted it to drop
Speaker A
below some level. There. And it went past this SNR, right? Uh-huh. That's when I entered. Well, like that, although my stop, my stop was higher. I don't remember, it was something, maybe even here. There. Then, when I went
Speaker A
through, uh, this, when I went through and saw some, well, a decline, I went lower, tightened it to one-to-two.
Speaker A
There. Well, that's how it closed me out. Uh-huh. When, well, I kind of believed in the trend.
Speaker A
There, uh, the trend line is drawn. There, I placed, it's not visible, but on the one-minute chart I placed, well, below the trend line, well, I pulled, well, this stop loss I pulled. on the one-minute chart lower, also one-to-two
Speaker A
, and it caught, picked it up, closed it. Well, I wasn't even there, I didn't see all that. There it is. And now again, well, it would have been more complicated there. I stretched it, but I also didn't believe it went down.
Speaker A
Well, I waited for the trend line for a couple more, but I got stopped out.
Speaker A
Uh-huh. Uh-huh. Now uh this bar on the New York session , I classified it as manipulation. And now I definitely classified this one as manipulation, too. On the side you see, I opened a position. Well, I mean I
Speaker A
entered as if I were going long, well, up to the high. There. Uh-huh. Placed it.
Speaker A
Well, those are my achievements. Excellent. Good. Ah, well, technically, they tried once here, we aren't trying anymore, right? I mean, we don't just enter a second, third, or fourth time like that. As for this, we can basically enter aggressively once like
Speaker A
this, yes, long, but no more. I mean, if we suddenly get stopped out, we stop , yes, because in this context it's already too, too much. Uh-huh. already closed one-to-two.
Speaker A
I was aiming for one-to-three. I just, well, that computer is busy. Just watching it on your screen.
Speaker A
Uh-huh. There. Like that. Well, good. Excellent. Let's continue then, please. Super. And Bitcoin too? Yes.
Speaker A
No, no, no. I don't know why I keep writing. I only, maybe it was written there, Bitcoin itself. Although no, it's not written.
Speaker A
Strange. I don't know. So, Natalia, then the next one. Andrey, yes, good evening. So, good evening. Let's take a look. So , so, so, so, so. I understand it's from here, right?
Speaker A
The third one, yes? Uh-huh. Thre, no, that's not the third. Third. Third. Third. Here's the third. March 7th. So, this is...I can't see it because of the Zoom bar, right? July 3rd Or should I look from the line after
Speaker A
all? From the line. From the line, so, not the third. Okay, let's go. Long , short. Long, short. Oh, okay. Long, short. Long short. Long short. Perfect.
Speaker A
Perfect. Oh, okay, here we have a long, here a short. Right, no more, no more, no more longs here. Here we have, moving on, a long here, a short here.
Speaker A
Perfect. Oh, okay, here. Oh, short, long. Listen, there aren't even any mistakes. That's cool. Good, good, good .
Speaker A
Good. So, since there are no mistakes, let's head into the weekend with new homework. There's no equal high here.
Speaker A
Exactly right. Yes, I agree. Uh let me double-check that now. I mean, the next homework will be a little bit harder. You need to look at the higher timeframe and the lower timeframe and combine those S&Rs to define the trend.
Speaker A
To define the trend. Okay, perfect, perfect, perfect. Well, super. Listen, there's not much more to add here. If there are any questions, go ahead. If not, let's move on.
Speaker A
No, no questions. Super. So, copy Natalia, forward it. Where? Where? Where? There it is.
Speaker A
Homework search. Send to Natalia. Super . Then please continue on. Next up is Andrey.
Speaker A
Thanks. Thanks. So, entry points. Pa-poopumpum. Okay, Andrey, then Veronika. Please, go ahead. So, let's start from yesterday.
Speaker A
Uh-huh. Here. Yeah. Well, here, I got greedy with the stop loss. Here. Uh-huh. Got stopped out, saw this. And I was like:" Well, we're definitely not going long. " Uh-huh.
Speaker A
And I saw an S&R. And there, on the minute, on the imbalance, I joined in too. And I set the take profit before the block because it was getting late, and, well, they could have given a more complex correction, and I had already
Speaker A
moved to breakeven. Uh-huh. And, well, I didn't want to wait. Uh-huh. Here. Ah, in general, what about today?
Speaker A
And today I saw this move, and for myself, I also thought. I mean, I understood that I was in stops. So, for me, some more complex correction or manipulation would be my hope.
Speaker A
Uh-huh. Which is, yes, what we did. And we didn't take it, I saw here, they didn't take liquidity. I didn't believe it at first, thought maybe we'd do a sweep now and, like, go lower.
Speaker A
Uh-huh. And I joined in late. So, I, well, on this move, in this deeper pull, I joined in and set the take profit at the nearest liquidity. I would have probably closed at break-even here, but I just wasn't near my laptop. I got
Speaker A
lucky, basically, that I... well, lucky that it didn't take me out. Excellent. So, all right.
Speaker A
There’s not much to add here. And doubts are good, too. I like it. Anything else?
Speaker A
No, everything is super. Let’s move on. There’s just nothing else to provide. We’ve already covered all this, so it’s just beautiful. Moving on. Super.
Speaker A
Hello. So, Veronika, please. Hello. My music is blasting every other word. I don’t really want to discuss this trade. I want to compare two days in general. Yesterday's. Okay. I haven’t watched the fifth lessons or the stream , but I will. I just don’t have time
Speaker A
during the week. A question. Yesterday’s trade—you said it was early, that one needs to wait for a more complex correction.
Speaker A
Right. Ah, okay. I accepted that today. Uh-huh. Here we have this complex correction. You say that after this, uh, candle, one can enter aggressively. Why didn't we wait for a complex correction here?
Speaker A
Because, well, okay, I understand that here we had one correction yesterday, two corrections yesterday, and today there are also two corrections. Why after this news candle—I understand why we are entering. Well, okay, I got that. But why do we have the right to
Speaker A
enter on this candle after the first correction? Hmm, did I say" we have the right "? I must have phrased it differently. I mean, if we are like, really, really, really dying to short, then okay.
Speaker A
The problem is, look, here there is at least a Killzone and you have at least manipulation at the Killzone. Here all Killzones have passed, New York is just around the corner, which means you wait for New York, and you only enter the position at New
Speaker A
York. So that’s the difference between them. And if we look at this chart visually, the secret lies precisely in the complexity of the correction. I didn't enter here, did I?
Speaker A
This needs to be highlighted, well, definitely mentioned, because in this case, I was waiting for something more visible. And in this context, I believe the entry here is early. Just as I believe it’s early here as well. Yes,
Speaker A
it’s early here too. And there is one single justification for why a person might enter here. He, well, in his own logic, can explain to himself on a regular basis why he thinks there was manipulation here. Yes, of course, it
Speaker A
would have been of higher quality to wait for something more visible for this movement. There it is. We agree with that.
Speaker A
Uh-huh. And just the same as for this movement, something more visible. And here, in essence, with this logic, it is also correct. However, well, when we were trading yesterday, it was very difficult to say, you know, that this
Speaker A
is like a rock-solid short. That's why we tried to be a bit more conservative, maybe even not fully understanding ourselves who was deceived, where this deception is. That is why we were waiting for this movement to continue.
Speaker A
Look, there is a very fine line here, and therefore this cannot be called a setup. And our task with you is that we are always playing the" I believe, I don't believe "game. I mean, it doesn't —it doesn't happen. If you look
Speaker A
honestly at the chart, you don't have situations where you sit there and go:" Aha, that's 100%this. "It doesn't happen. I believe it's this, or I don't believe it. And when you answer the question:" I think there is a complex
Speaker A
correction here, and therefore I will enter, "that's it, you have the right to do so. However, one would like to see something as a complex correction that answers the question:" And who did we deceive? "And when I ask myself the
Speaker A
question:" And here, and here, who did we deceive? "I don't get an answer to that question. Therefore, I personally do not want to enter here. Who did we deceive? No one at all. We just put a point somewhere, showed entry points to
Speaker A
the longs there, and took their couple of miserable stops. So what? We didn't force them to go long there, did we? Or we didn't force the shorts to believe that this is a long. No, nothing happened. I mean, some manipulation is
Speaker A
needed, some action that says:" No, guys, this is 100%a long, why are you messing around? "here. No, that's just the first bounce. I can't agree. I mean , yes, maybe someone will justify it, like here, aha, look, there is a
Speaker A
process going on, and in this process, there is a complex correction. Then yes , and in essence, by the way, that is your entry point. That's it. So, there.
Speaker A
And here, who did we go after? Uh. We did, look, here we performed a large complex of actions. We arrived in this block. Here are the shorters. Well, come up with your own block here. It's more likely that liquidity will come on
Speaker A
a smaller timeframe. Let's do this. We arrived at a liquidity point here. We showed a hit and flew downwards. The trader, the shorter, says:" Damn, this is perfect, I need to enter, enter immediately. "After which the market instantly, very sharply flies up,
Speaker A
saying:" No, guys, this is a long. The order flow is long, the trend is long.
Speaker A
Everything you have is long. Be kind, go long. "Look at the wonderful zone of interest we just hit. The last zone of interest. We will definitely fly up now . Enter, everything will be fine. This action, this emotion, is what we were
Speaker A
supposed to provoke with this impulse. And I say this as a person who considered shorts and tried to think of at least some answer to the question: who did we fool here? I gave myself the exact same answer yesterday right here.
Speaker A
That is, here we also have some kind of block. We arrived, yes, and already went inside.
Speaker A
Look, you need a downward movement process. You can't just...look, let's recall the short entry point, right?
Speaker A
And in this case, we switch, for example, to an hour, maybe 2 hours, maybe 4 hours. And we are talking about a position that is right here. What is my justification right now to press short super aggressively here? Do I
Speaker A
have a justification here or not? No. So, I just need to physically see a conservative entry point on the lower timeframe. I mean, the logic is like this in this context. Here I can press short, but where here can I say that
Speaker A
this is, well, maybe with a stretch, the very first conservative entry point . That's it, so I enter.
Speaker A
This is the principle that will force you to see it. This is the fractal. I just zoom in and out on the chart. I understand what a conservative entry point is, and I understand the direction. That's it, no other way.
Speaker A
There are no other candles or arrows. I understand that this movement, like bigger or smaller, doesn't suit everyone. But right now your task is to try to understand and see this process.
Speaker A
But once you see it, you will never be able to unsee it. You'll sit there and go:" Aha, so it's easy, guys, it's conservative. And it's conservative here, and everyone else will ask: "How did you decide that?" Well,
Speaker A
good. Thank you very much. Yes, just give yourself permission for this time. Ah, and that's good, good, I like it. We’ll continue for now.
Speaker A
Super, super. Ah, good, I like it. Cool. So, but again, the higher quality one is in New York, right? I mean, I consider this to be the most, perhaps, correct implementation. And it is aggressive in its own right. If you look at the
Speaker A
higher timeframe, this position is still aggressive; it is not conservative. Uh-huh. So that’s why we’re still waiting for this complex correction, and only after that will there be another entry point. I’ll show you on the chart now . So, we are entering the position. Uh,
Speaker A
right now, this position that we opened , we are essentially entering a short here. And, well, or you, I don't know, it's not a pretty one here. Let me find a better picture now. We enter a position, for example, mm, short here.
Speaker A
And now a complex correction awaits us, after which there will be a normal, decent short. Still, I found a bad example on the chart, but it is what it is. Alright. So, Yevgeny, please, then Sergey.
Speaker A
Artyom, hi. I didn't want to discuss positions. I'm looking at your homework well well, the reviews, uh, all of them. There. And you tell the guys that, well, in terms of bias, it's cool to look more at the higher
Speaker A
timeframe. Well, you continue [the] RD. I totally agree with you. Well, I did it exactly like that for everyone.
Speaker A
There. And I wanted to point out— let’s compress the chart as much as possible.
Speaker A
Okay. Uh-huh. I recently realized that, it turns out, I'm repeating this for the second time.
Speaker A
Uh, that is, if we come, well, from a trend, right, and we stop in some range , until yesterday I lived with the thought that as soon as you draw me even a little short, I enter a short.
Speaker A
No, well, not mine, of course, some are far from indicative positions, but it helps a lot in this piece not to overthink. Oh, what is this? Where is it going? Oh, here a long SNR seems to have appeared for me. Well, because of
Speaker A
this, the chain is built. Any manipulation doesn't throw you off. Well, like standard people who try to get baited into it, because you immediately understand that it’s some kind of manipulation, and you just continue. I am in this piece...
Speaker A
Uh-huh. I think I tried to go long once, got stopped out, and that was it. I kept shorting, shorting, and shorting, and everything was successful. I was unconsciously repeating the exact same technique. Remember back in March?
Speaker A
That was also a pause after a trend; we were in a short trend. In mid-March, we stopped in about the same range, and we stayed there through early April, too.
Speaker A
I don't remember what happened after that. I just did the same thing, took it, pulled back, then looked at March, and it turned out that I didn't stress out or overthink in this section at all , and I even ended up in profit. And
Speaker A
and even if we turned around, you still ended up in profit. It's, well, kind of a paradox. How could that be? I mean, you didn't guess anything at all.
Speaker A
What's the difference? We aren't playing a guessing game. We're playing a game of earning, right? Do it the same way and get rewarded for it. Let the others do the guessing; we don't really care about that. Super.
Speaker A
Uh-huh. I've been trying to come to you , support your idea, and I remembered that I was doing it unconsciously. Like I said, I was repeating it in the spring. And we all know, right, that we basically turn around like this anyway.
Speaker A
We will always have these segments. Well, of course, it happens, but we're not going to rely on luck.
Speaker A
So I kept repeating it like that, and it wasn't a problem. Here, I just had a momentary lapse, thinking it might be, of course. All right. Okay, Daniil wants to say something, go ahead.
Speaker A
Yeah, yeah, yeah. That's exactly what I was talking about, that even if we are against the trend, but enter conservatively and correctly, we either get takes or break-evens. Well, it's always profitable. I mean, entering correctly, not in a rush.
Speaker A
Uh-huh. I just wanted to say that personally. So, you don't have to guess, right?
Speaker A
What's the difference? We, well, essentially, this is a stream about Wyckoff, I made it as essentially a stream about Wyckoff. We just take it and we just keep doing it. And it turns out that you'll see it still gives you
Speaker A
an entry point. So even if you didn't guess the direction, yes, somewhere there will be, like here, for example, we got stopped out yesterday, some people of course went long and got a take, but nothing happened, nothing broke, nothing changed, right? You just
Speaker A
take any part where there's a long, and you see that you could have still gotten that take. Well, that's beautiful. Good. Anything else?
Speaker A
No, nothing. I just noticed something in the last couple of minutes. Meaning, if we, roughly speaking, and I've just noted this for myself and am summarizing it, if we arrive somewhere, well, the trend was moving and we arrive, and stop
Speaker A
somewhere, like now, then it seems more profitable to keep looking downwards and to try and catch these pullbacks.
Speaker A
And exactly the same way, if we fly upwards from here, let's suppose, yes, well, somewhere and it turns out we've arrived at some range again where we'll stop, but we've come from below, from a long move, then in this segment, it also seems worth
Speaker A
not overthinking it, but just trying to keep looking for longs there. Excellent, I agree. Super. Alright, let's continue, please. Okay, next, Sergey, please. Thank you. Well, in essence, this information will reach everyone in due time. I mean, I will
Speaker A
keep trying to articulate it, repeat it , articulate it, repeat it, and at some point, you will simply reach it, grow into it, I don't know the right word.
Speaker A
And there's nothing wrong with that, really. The task is just to take a chart, scroll back, and you'll be amazed at how identical it looks.
Speaker A
You'll just see that it's all exactly the same as what we talk about every single day. You compare the internal breakdowns, the arrows drawn there every day are essentially identical, right? The task is precisely to want to see these things, instead of just
Speaker A
sitting there, staring into the void, and wishing that the price would go somewhere. No, we see that it is going there, and we join in. We choose a side , and when this set of all confirmations occurs, we happily and
Speaker A
contentedly enter in that direction. That's it, there's no other way. Okay, Sergey, please go ahead. I'm silent.
Speaker A
Well, actually, I was also only hunting for shorts. Uh-huh. And this manipulation on let's say, I was expecting a larger pullback on the euro.
Speaker A
Uh-huh. And it didn't happen on the euro, but a larger pullback actually occurred on the pound, so I started paying more attention to the pound. And when this manipulation happened, it really shook out all the shorts who were trying to enter early, both ours
Speaker A
and others, everyone. But on the pound, this manipulation occurred without even breaking the high. So I could perceive this simply in accordance with our theory as a more significant correction and waiting for a normal breakout after it. Uh-huh.
Speaker A
And just by the book, I waited for the breakout, entered, and not even that, but I moved to breakeven way over here at the very end. And looking at the euro, I saw that if I had entered at
Speaker A
that time, at the same time on the euro , then there would have been the first trade would most likely have been a breakeven because the price also dropped significantly. Most likely, I would have moved it and that breakeven would have been
Speaker A
almost pip for pip. Uh-huh. And on the second trade, which I would have entered after that, it would have again been another breakeven. Let me take a look. Uh-huh. Or another breakeven as well. Or maybe I could have even hit a stop, because I see
Speaker A
here that this jump happened like this. Therefore, on one hand, the pound was clearer to me, and well, I stuck to the pound and managed to snag something.
Speaker A
Excellent. Good. Good, super. Well, I like that you're comparing them in this case. The main thing is to do it consistently, right, in the same way.
Speaker A
I constantly watch both the euro and the pound and choose which one is calmer.
Speaker A
Excellent. Excellent. Good. Let's continue, please. Then moving on. Super . Thank you. So, Denis is left; it seems I've checked everyone else. Okay, Denis is silent, so Denis isn't here. Maybe there are questions for me. Alright, let's finish up in this case. In this
Speaker A
context, we have, uh, well, a complex correction. In essence, we've talked about this complex correction. If anyone is considering something, the task is not to break the low, right?
Speaker A
Meaning it won't go down, it will go. Okay. So, the plan for Monday will be the same with a more complex picture.
Speaker A
It won't go, it will stop. The higher it goes, the lower the chance for a short. We wait, we wait, we wait. So, a breakout of this high is probably still allowed, but it's better to be careful.
Speaker A
So in this area, it's better to be careful if it breaks the high. it won't go for a new high. And here, too, you don't need to overdo it a little bit, because we are only at the beginning of
Speaker A
the move. How does it look on the pound ? On the pound, in essence, it looks exactly the same. Meaning we are drawing some kind of correction, we need to see the start of a downward move. Nothing is happening yet. We just
Speaker A
got the first manipulation. Yes, we can get a local new high for this manipulation, but or a new low. But if we get a local overspill, then essentially this plan of ours, it still remains in effect. Yeah. And that will
Speaker A
be a surprise for many comrades who want to get the obvious. The obvious has already, well, in essence, played itself out. So, we wait for the next obvious thing. Not here yet. So, any questions? Then we're dismissed. All
Speaker A
right, good. Thanks everyone, have a great day. See you all on Monday. Signing off.
Topics:complex correctionmarket manipulationtrading strategymulti-timeframe analysisliquidity sweepsmomentum tradingconservative entrystop placementtrading psychologyDobrunia trader
