Just passed phase 1 of 2 with this strategy. I have also found the deeper retracements to be more reliable. This is a great strategy for someone who has a full time job like me. One question i have is do you just set buy and sell limits as well without looking at price action on lower timeframe?
My man! Congratulations 👏 Yes! When I made it from the London breakout I had to fit the style of trading around my job at the time. Re the buy and sell limits - I've got 4 set rules on entries and take profits, so sometimes use stop orders, rarely market entry and most of the time limits. Again, congratulations mate, so pleased to hear this!
@TradeForexwithPaul Hey Paul. Thank you for sharing your awesome and simple trading strategy. I have just started trading it on a demo account. May you clarify something for me please. I noticed when you switched to the m15 chart where you showed the 10R and 20R trade, that there where multiple pullbacks within those legs in between the h4 lines, yet you showed that you just let the trade run from top to bottom in one order trade. Is this what you recommend, or do I place a separate order for each valid pullback on the m15 chart leg on the way up or down to the h4 lines ? I hope I explained that ok.
Dude don’t play around with prop firms, the entire business of the prop firm isn’t set up to crew up a trading floor of talented traders that the firm can capitalize and make a percentage of the shared profits, it’s ENTIRELY SET UP TO PRFOIT FROM THE IDIOTS THAT PAY THE CHALLENGE FEES. So you’ve paid $2k and some how passed both phases and you have your first 100k prop firm account, but you’re only really allowed to use 10k, there is actually no 100k, and there’s no 10k either, because you’re orders don’t go to market!!!! It’s paper trading, if you’re profitable they will possibly eventually after months upgrade you to “A” book, and your orders might eventually go to market but you can still only utilize 10k. The only reason anyone should ever use a prop firm is if they are an impossibly talented trader and you are very profitable and live in a third world country where it would take you years and years to put together a starting capital of 10k.
I usually go with registered representatives. Faith Reece has the best performance history (in my opinion) and does offer 1v1 consultation to her capitalists which I think is amazing.
You are a pro trader man .I have seen many of the videos of other youtubers they are difficult to understand .I have backtested this strategy on GBP/JPY on 100 trades I won 65 with 1:2 target which is very good . Thanks again man......
I do a similar thing....using the 4 hour chart. I only go for 20 pips and buy lows and sell highs. I don't use a stop. I control risk with trading size which I can let run without a big loss and the probability that it will visit a location in the near future. My first week I made 120 pips.
i have been a forex trader for almost 14 years now, i have not suceeded ever since. I have learned how to build forex robots for MT4 and MT5, I continue to advance my knowledge in forex robot coding. i have build may forex robots that were not successful. I have a successfull robot now. i have used this strategy recent on my manual trading it is extremely successfull almost 100% win rate. i am planning to build a robot for it on MT5, as a multi_symbol robot. Thank you Paul for highlighting this stategy.
No you can Invest billions and u wont Beat der Chart ever. The Trend ist unpredictable, ITS mass psychology, No system can ever change IT, technical Analysis is pseudosciene, the only profitable way to earn is Long Term investments
I used to trade this strategy during my beginner days with a bigger sl ... And used to think trading is so easy bcz this strategy is actually so simple and effective... But with tight stop losses need to be careful bcz the price might stop us out and go in our direction later which is so frustrating ... So now i wait for a bit of trend continuation momentum and then take the trade that way it increases the accuracy a lot ... I m experimenting with tighter sl maybe i just need to work on the entries a bit more ... But this is the ultimate trading strategy we dont need to learn all the complicated bs evryone wants to teach ... Thank you for sharing ❤
I follow your strategy... its very cool... the concept is looking easy but you need some experience and knowledge. Its actually quite advanced. I love your videos. i like that you say everything that is on your mind while you trade so we can understand your thinking process. One of the best channels i found after 2y of trading. Thank you!
Absolutely adore this mate, thank you for the kind words! I try to make things as simple as possible but forget that sometimes people are of very different stages of their learning and I glaze over explaining some things as if everyone should know them. Will be adding new content soon buddy.
I spoke below mainly because so few traders can trade. Use demo accounts certainly but never, ever trade without knowing when to enter and exit any trade. Trending is lovely but so are all price movements. Once you have proven the entry/exit strategy you have become the pro trader. Whether it’s trending up or down or simply ranging makes absolutely zero difference. You will have joined that tiny community who make a profit (huge) and feel for those cannot. All the best, Mike
Hi Paul, I have just taken your survey. I love the fact there is limited amount of people which is exactly why I’ve done it. I’m sure I’ll be a great edition to the discord group! Thank you for all you do and consideration.
Love your comment mate, thank you. That's exactly why I made it this way. I don't want a group with hundreds of people in. There's been nearly 2500 applicants since I created it and around 300 people overall have received an invite. 155 people overall have joined over the 8 months that it's been running and currently there are I think 82 people in there. Will ensure I get an email out to you today :)
My intention was not to offend you with your strategy but please listen to an old pro just for a moment. A trend takes time to develop. Good trades are lost while this happens. One must know when to enter/ exit first and foremost therefore why wait for a “trend. Simply trade from the outset. From the beginning to the end of any movement. I truly hope I have explained myself fully. The vast majority of “traders” trade within the world of fantasy. Good luck everyone. Mike
You are correct. I trade similar to this guy but you don't have the luxury of waiting on the trend to reveal itself. You have to get in early and take your chances. Then once you identify the trend, keep extracting money.
Simplistic & Realistic content that has been provided by a pure professional trader--which is you. Thank you for your depth of insight into order block content and other engaging knowledge that has enriched my journey in trading. I look forward to watching many of your others videos to gain the edge in trading.
Isn’t this just the fib retracement and correlating extension levels playing out. You’re right it’s math! The Fibonacci sequence is math. It’s kinda like every 5 years people on RU-vid repackage age old technical analysis and call it order blocks or fair value gaps, supply/ demand etc. but its all just swing lows, swing highs (support/resistance) and the Fibonacci sequence. The deeper the pullback the better the risk to reward.
In this video, pretty much. But you'd be surprised how many people don't know this. The way I trade though; combination of pullbacks and trapped orders with several confluences.
Both - wicks indicate where price has been, so they're just as important as body closes. They can however tell a little more of the story sometimes as to what has happened. Structure though needs to be simplified when trading so I use the wicks as my highs and lows etc
Thankyou ist time i have seen this video makes so much sense. Just starting sort of with small pot of money. Took your advice today 5 May video posted 2035hrs. Made small bit of money instead of loosing thankyou.
Thanks for sharing this video. After testing this with a real account, I was able to get some amazing results. This is, really, the easiest way to trade, especially if you have a full-time job. I am using alerts, so I don't even have to stare at the charts.
Very impressed sir!!!! I need trading to work for me and this has been a real motivation to change my approach. Like many I've tried all the shit indicators and I've never been able to find any consistency. I've tried other RU-vid creators who trade Order Blocks, not found them as helpful or informative and didn't fully understand the power of this approach. I will apply to discord because I think you could be my 'missing link' to becoming profitable.
So all I do is this(?): 1. Identify on 4H which direction market is trending. 2. Wait till a pullback comes in. 3. Identify Equilibrium in the most recent leg prior to the pullback 4. Zoom in to Lower Timeframe like 15Min and identify a Orderblock in this Equilibrium (the more extreme the better) 5. Set my entry at the Orderblock 6. Stop Loss Above/Below the Orderblock 7. Take Profit at the last 4H High\Low My question now: How do I identify High Probability Orderblocks? I remember you saying in one of your videos that a Insidebar is a nice orderblock.. am I remembering this correctly? Thank you so much!
Perfect! You'll start to identify the characteristics of the perfect orderblock when you do the backtesting and list the confluences. Take it from your results. Great work mate
Content is soo great and your explanation also thankyou for this video!! Only thing I want to highlight is that there should be no background music while explaining..
I just literally refined my strategy to this exactly and then I run across this video.. 😮 I’ve been getting like 7-19 RR with this strategy ! Like 85% win rate
I noticed you have applied ICT smart money concept in your trading but didn't find you mentioning it. But overall, I think you are a good trader...the only suggestion I have is not to target the TP to the wick, try target it to the candle body...and you'll notice you will get hit on spot "faster", faster means less risk, and it will not hold up as a floating trade, if you have total float risk management.
Thanks Paul for the value, the internet is full of garbage, you are on a different level. I would like to study your concepts from a to z and to become a full time trader using your ideas. I've already enrolled for your Discord group, hope to heard from you soon. Take care, Michele.
thankyou for playing music whilst you are trying to teach us something, very intelligent and didnt make it distracting to concentrate on yr words at all.
Paul deine Videos sind einfach krass Deine Backtesting-Videos sind weltklasse man kann so viel von den videos lernen du kannst so gut erklären und ich würde mir wünschen dass du aktiver auf RU-vid bist du bist so eine bereicherung :D
@@TradeForexwithPaul Haha yes very cool :) again in English you make top videos and hope it will come a little more from you again. The last video is just 4 months old
Thanks so much mate. Really was hoping to do 2-3 a week with 1 or 2 live session trading this year but personal circumstances have stepped in the way. Will defo ramp it up as soon as things this side have settled
Guys he's giving you gold here. You don't have to use fibs or the exact lines he's using, but focus on waiting for good prices relative to whatever reference price you choose. If your price isn't hit don't take the trade. There will be another. Only buy when there is a measurable discount against your reference price, while trading with the trend
Why have i only just found you Paul. Amazing video - Binged most of your videos, thanks for these. Hope more and more come out. (No pressure) Would love to learn the strategy bro. Keep them videos going.
I have been trading quite awhile but still unable to reach consistency. It feels like I am almost there yet I am not. I believe this together with experiences, should make that break though. I'm gona start practicing! Very valuable video.Thanks!
thanks PAUL , ,the easiest the hardest to master, most people would rather depend on complex gameplan whereby they can blame something else if they lose
I’m impressed that you actual respond to comments. I do understand some basics of what you’re talking about but there are some terms you use that throw me off. Maybe I need to start at the beginning. You use a graphic tool that breaks the gap in movements into 4 equal parts (seemingly) but Fibonacci is not equal parts. It seems an important part of your strategy is to use it 2 different ways: (1) longer time frame candles (2) hourly candles. I’m not sure I totally get it. I probably need to watch this again. How would I get in on the discord group ?
Thank you, and sorry for the late reply! I use a modified Gann chart (same as fib but easier to use as you can grab each of the four corners). The modifications came from measuring the pullback % into drawdown over around 1500 trades (median was 28%), yet at the same time on legs price tends to retrace 25%, 50% or 75% so it works equally as well for that. Link to discord is in the description mate
👍No wishing to sound as though I am 'taking liberties' and 'wanting jam on it' , but -- now we are 3 months on -- another compact-but-complete sister video to this gem would be gratefully received, to flesh things out and to reinforce the explanations. 👍
Love the video. I really like the fact that is all mathematical, my head works that way. I’d really like to connect with you. I’m into EA robots, just started a couple of months ago and I’m liking it. Testing my first ea in paper trade and building another one which seems really good. But watching this got me in the idea to build something for it. Mathematic is everything! I love the concept.
Finally a way to trade that makes sense. I sent your questionaire back quite a few days ago, but have not heard back. Do you only send out replies to those you have chosen? In the meantime I am going through many of your past backtesting clips. Thank you.
Ah mate, I apologise. I'm not very good at sending out all the invites. Check your spam / make sure that your inbox has space... I had around 15% email bounces all due to inbox full last week
Great video, lh, hh. I just have to combine it with FVG etc. The best way I think is to wait for the previous day low/high to grab the lequodity and wait for the pullback. Also look for DXY how it responds as the overall trend. I like to wait for intermidiate higher high and wait for pullback. Mondays can be really good for that strategy. Nice video, congrats! 🎉
Thank you! I encourage the guys in the group to leave FVG and other similar concepts at the door as they contradict a few extremely good entries and chart patterns. I've build it purely from statistical data (over 12,000 trades) live and backtesting. DXY is a good shout. A few of the guys pay close attention to it and it works very well for them
Thanks for the video Paul, can get quite over whelming searching through RU-vid trying to find answers but you seem like a top bloke that certainly knows what he’s doing. You’ve definitely made me realise it shouldn’t be over complicated! Once again thanks mate 👍
Thank you for showing the simplicity of this strategy. I like it i usually trade via ema cross over. Have been looking at the at fibonanaci as additional confluence. But like your method i will look into this as i am still learning
Thank you - I used to look at all of those as well going back a few years ago. I found they left a lot on the table. I could get them to work profitably, but I would be entering late and exiting late
Finding the best forex trading system involves considering several factors, such as reliability, ease of use, risk management, and profitability. The ideal system should have a proven track record, offer real-time data analysis, and provide tools for managing risk effectively. It's important to remember that no system guarantees success, so ongoing learning and adaptation to market conditions are key. Additionally, a system that aligns with your trading style and goals will be more effective in the long run.
Haha, funnily enough, this is also how i trade. The simplest Market Sturcture strategy. When price pull back, its gonna (almost always) prepare to break the high. I always trade on H4 btw. Thanks for sharing this, i know i have friends now
Hello Paul, love your videos and style of trading. This probably was not the vid you rubbished support and resistance (I can not remember which vid it was), however I would respectfully disagree on some aspects, support and resistance works because large institutions and Large Corps need to get a certain price point to pay wages/buy certain goods a price that fits their model etc, this is why sometimes price holds as resistance and support. Large orders untill the the price is chewed away. The more a level is visited the weaker it gets as the liquidity gets eaten. This is my understanding.
I do agree with you mate. I absolutely shat on S/R but have again since changed my mind for the exact reasoning you've mentioned above. It definitely assists with where you can find reaction zones, not necessarily reversals, but at least reactions - which is good enough to take trades from
One of the best videos on how to properly maximize profits without blowing your account!!! thanks so much!! Please keep up the good work such a fan of traders trying to each now traders how to properly trade for the long run!!
I just started this on Monday on a demo account and took the smallest lot size for the NAS100 and I'm up 800 bucks. Thank you. I'm going to keep practicing before going live
I like it, and understand why... Problem though -VERY slow behind and miss several trades waiting on the cross-over. I used to use these two and the 21 as well
👍Btw, thanks for using the Gann Chart and saying 'below 50%' and 'to the half way point'. These terms do not require a tedious and distracting look-up on Google (unlike the parallel expressions, ' interbank equilibrium' and 'PDArray')👍
You're welcome mate. Internet is riddled with people trying to look smarter than they are. Pick an easy word and remember it 😄. Uncomplicate the charts the best you can.
Randomly came across this video, and started implementing it this week. I've had a few misses but they were 100% my fault from placing my entry in the wrong area. As with any strategy, practice will tighten things up but I have to say this is a great and simple system.
No mate. No indicators. Next video will help. Due out in less than 24 hours. Video after that will teach you how to gather the info yourself- due 1 week after :)
Hi Paul. Loved your video.. it was so genuine. I'm a trader too but found your strategy simple and logic. Would love to be in touch. Also, may I request for a video how to spot effective Engulfing candles pls? Thank you in advance
Yeah just focusing on the basics and really analyzing them like this is all you really need to get an edge. Proper RR with a reasonable winrate. Its interesting that these days i look at almost all setups as being good enough if you work on the strengths and weaknesses of each, focus on risk management you can almost make anything work.
I observed the Eurostocks and it is probably similar on the S & P 500, Close to ..10 or..20 or..30, it is on a support level. And close to ..70 or ..80 or ..90, we are on a R level, very often...
Hey man, I just love your strategy but I have a question and I would be greatful if you take your time to explain. How do you go about changing your bias ?especially whrn going counter trend. As I understood, you first try to trade in the direction of 4h but then you change it, sometimes as you see a choch on 15m (which is not in htf ob), sometimes after a minor choch or a choch in the "inside structure" or an small choch in 4H and sometimes you just ignore them, I have also watched your other videos, btw it also makes for a good video Idea!
Sorry for the late reply. Bias change: Scenario- H4 is the HTG structure, m15 is LTF entry. Bias only truly changes when H4 turns from BOS to CHOCH. Internally though, same happens when m15 creates a choch. Ideally you only want to target an area of S/D, often shown by H4 when going counter on the m15. Ideally also you only want to filter pro trend direction trades in discount zone of the H4. H4 sets the session trend so still with BOS as the overall direction. Also, Choch usually leads to bos after a minor pullback so its ok to go for the continuation POI on the H4 in these situations
Hi Paul, just come across this. It sounds exactly what I need. I have just taken a few months of to try and get this trading business going and it really is as lonely as you say when its just you on your own!! Its only been a few weeks but I need some sort of human interaction! I have applied for the group, so I will wait and see what happens. Thanks.
Ive been making some real good progress on the 5 min entries using various EMA's but pulling 1:1's sometimes 1:2's depending on the condition of the trend and the 1hr and 4hr zones. I'm averaging 5-6% growth per day trading Monday to Thursday. I cant fathom a 6r let alone 10r trade win. You must be making bank. My account is sitting at roughly 220% growth over 3 months and I only trade one pair (USD/JPY). Maybe its my psychology holding me back, I let my runners run but the first point I see any form of rejection or loss in momentum I am out regardless of the trend.
Oh man cracking job - keep it up! I love scalping and would probably be nearer your figure but just don't have the personal time to do it at rhe moment. Really great work 🙌🙌🙌
Hey Paul. please review your video. Most of the profit targets drawn on your chart were _NOT_ hit ! Price appeared to reverse _BEFORE_ reaching your profit targets, I understand your logic, but when you explain and demonstrate it, you need to more accurate with your drawings and explanations. I think a better approach would be to have 2 targets. One conservative target for 3 lots and One extreme target for 1 lot (a runner so as to speak) Also, you need to actively monitor and adjust your stop losses _TOWARDS_ the targets.
I like the idea of splitting trades these days mate. More for preservation and simplified account growth. Doing some experimenting with split profits. I think in this time period shown in the video that there was only 1 loser in the end
The miracle of retrospective action. Once you discover the “trend “ it’s finished. Done and dusted. The miracle of reading what has happened has nothing (NOTHING) to do with the requirements needed at this moment. Embarrassing
You almost got the pin of shame. Its why we trade the pullback. Trends are identified through breaks of previous highs and lows. There's some free education for you. Good luck 👍
In the beginning you talked about NOT making a strategy complicated but most of the video is actually complicated this looks like a over the top supply and demand strategy.
That's amazing to hear! Thank you for watching and commenting mate. It's basically trapped orders, or blocked orders waiting to be released. I'd try to ignore 99% of what you see on RU-vid as it's mostly regurgitated crap from marketers trying to understand half a strategy from each other and it becomes Chinese Whispers. Order Block = People stuck in the wrong direction. There are a few confluences that make an order block stronger than others, but just remember, in a trending market, an opposite candle is people praying price returns to them so they can liquidate their position.
