Successful trading relies on understanding market levels, gains, and failures rather than relying on technical indicators like Fibonacci retracements or trend lines, which are essentially useless tools that create false patterns; traders should focus on price action, market structure, and institutional order flow to make profitable decisions.
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Scalping Trading - BTC, Gold, NQ (80% Win Rate) (Portrait)Added:
Check, check, check, check. Sweet.
I'm supposed to X.
Uh, we're long already on pre-market.
So, people can see here. We'll just take a long.
We'll see here.
Okay.
So, so people can see. Cool.
Yeah, we're long in this uh this is a daily level.
We hit it right in the pre-market and then the 1-hour is failing here.
So, simple as that. I think we're coming back up here. There might be some rejection in the zone. We could dip down a little bit lower.
Um, so should leave yourself with some room.
Um, but ultimately we're in a trade already.
And let's see how she goes, right?
Morning bias is long, of course.
Long, of course. We're already in the long.
More or less.
You want this.
Potentially a pretty big move today.
Uh to recap the entire Asia session, hopefully.
There's a level here, so maybe we'll just go maybe we'll only go here, but Play a little music.
Okay.
Um What am I interested today?
That's Uh once a level has been lost draw a fib Okay, we don't use fib here.
Uh it's not more accurate with entries, no.
Not in the slightest. It's complete fallacy.
You you You have um Um what's it called? Like like a past tense bias sort of thing with uh fibs.
So, or like uh not recency bias.
Uh There's there's a there's a term used when you know, you you you force things to work. It's a It's a bias to make things work. And fib is uh your bias to make it work, right? Uh and there's so many lines that fib um doesn't actually do anything for you.
It's basically you can just make any any line work. It's the same same reasons why trend lines don't work uh because like Tory trades, for example, like trend lines, it doesn't it it see looks like it works, but it doesn't, right?
Like I can draw a line anywhere and like pretend like this works, right? But the reality is I could also draw a million places where things don't line up, right? And this is just a coincidence, right? Trend lines are not how the market works.
Um big money is not using trend lines in order to determine where to buy and sell. It's just a coincidence that they happen to line up here because of candle bodies, right? So, they lost they lost these levels here and they came back to retest them, and it just happens to line up, right? It's the same thing with fib. His is you you make things work because it looks close enough, and then your brain believes that it the system actually works, but the reality is it's just random, okay?
Fib fib The fib tool is a completely useless tool, okay? The exact same way that trend lines are completely useless.
And I And I know that with with certainty, right? I've been doing this forever, right?
It's stuttering a lot. Yeah, I think this will be the last day I do a stream.
We'll see if we can make it work today.
Uh and then I head back on Monday.
So, I'll be streaming again mid next week when I'm when I'm back in office.
Can I explain why I longed?
There's a massive level here.
And then we also failed on the hourly in the pre-market. So, we're just going to we're just going to ride this back up.
The market's also incredibly bullish lately. So, like why fight the trend, right? We have a really awesome dip. So, you know.
You failed this level, right? So, they might come to these lows, right?
No more points on YouTube. I'm not sure.
I haven't checked.
I can check later.
Say I'm profitable currently turned $5 into $200 in the course of a month. You know, you're not profitable.
You gambled.
You're you're not trading. You're not a trader. You're not I'm just telling you that like there you're not you just randomly clicked a button. You're you're not profitable.
There's two things So, the question is I'm currently profitable, right? I turned $5 into $200 in the course of a month. Okay, there's two things wrong with that sentence right there, okay?
How long should I wait before taking profit from challenge, okay? So, I'm going to answer this question, but first of all, I'm going to I'm going to say okay, you're not profitable.
You're turning two $5 into $200 is not a profitable thing. That's a complete degenerate gambling thing. A profitable trader will make 10 to 20% a month on a like that's amazing, okay? The best traders ever can go on like they can on like good months, they can double their money, okay? On good good like amazing months, they can maybe double their money, okay?
Um so what you did is you full margined.
There was a massive spike and and somehow you ran you ran it up and then closed it out, okay? The course of a month is also not enough time to determine profitability. 6 months is, okay? 3 months is not even enough. 6 months is the minimum to determine profitability. But I suggest 2 years, okay? But the question is completely unrelated to you being profitable. How long should I wait before taking profit from challenges? I think you should take profit from challenges since day one because profit from challenges are way a way to teach you how to trade and manage your risk accordingly, okay?
It's an education tool. Education tool, okay? So you should start on profit from challenges, okay?
Market rallying up.
We're up pretty decent already.
Just with a which is with one lot, small lot on the start.
What are we trading? Nasdaq.
Pretty much always Nasdaq. Gold dumped down.
Uh copper dumped down. I'm actually kind of uh worried about copper.
Uh I can trade in the side. Gold's kind of finding support here, hopefully. I'm still I'm still overall like it's it would be pretty silly to be a bear on gold.
Um but you know, like I I think we come to the all-time highs again, but anyways, um with copper the monthly candle just like completely got eaten up. So unless hopefully it bounces today cuz a close like this would be pretty detrimental uh to the monthly candles, right? Uh what we want in copper, we don't want copper to dive down. It's an indicator of recession. I wonder if I can go copper.
Um I wonder if they got one longer term copper.
Something that's got longer term, uh HG. Let's see if I can just do copper futures.
Okay, is it an indicator of recession of copper going down, right? So, copper going down in the '08 crash, right?
Um Do they have one for copper went down in the dot-com bubble, right?
Right?
Anyways, cop- copper's an indicator of recession because it's actually used for um you know, goods, I suppose.
Yeah, nice. This is pumping solidly.
The market open in a second. This actually pumped up a ton before market open.
I'm wondering if they sell off some, actually.
But, this is this is actually like a pretty epic close.
It should still keep going up.
They might sell it off on the open a bit to get more orders.
Let's see if we can make Friday a nice a nice day, boys.
>> [sighs and gasps] >> Finish the week strong, hopefully.
Chris the brutally honest mentor, all traders need. Yeah, you're welcome, dude. You're welcome. Appreciate the feedback. You're welcome.
Yeah.
So, they might come down here.
That was a really solid pre-market candle close.
So, I I think it's just going to good chance this just rips up.
Right? Everything's kind of pointing bullish here, so.
How to increase increase RR with DMC with one-to-one spreads are eating up some profits. Use higher time frame. If you're scalping, your spreads are going to destroy you, obviously.
Nice.
Nice buy up.
>> Demo has no emotions. Yeah, if you live trade it'll be more emotional, that's for sure.
Demo trading is uh not a good way to understand the market.
Prop firm trading is the best uh balance between real funds and and you know, demo sort of starting easily, right?
Um [snorts] what's your thoughts on silver?
Probably the same as gold and copper, but we'll see.
Monthly.
Let's clean this up.
Looks pretty bearish, but silver looks way more bearish. I was never I was never a bull in silver.
Um compared to copper and gold. That's why I don't own own any. Just cuz it was such a crazy meteoric rise.
Higher time frames are stress-free as well. You actually have time to live your life. Yeah, totally. Um I wouldn't if you're day trading, I wouldn't trade for more than an hour, maybe two tops.
Um otherwise you're just you're just burning yourself out, honestly.
Take one or two trades, you're good.
It's all you need.
Trend lines should be used to estimate the trend. Okay, so I mean, you could estimate the trend just by like looking at the chart though, no? Like so, that's what I'm saying is trend lines for some if trend lines somehow help you determine what direction it's going to go, then sure, use trend lines. I'm just saying that trend lines don't add anything because I can objectively look at this chart and say, "Hey, that's going down."
Right?
And then I can objectively look at the daily chart and say, "Hey, that's going up." Right? So, I'm I'm more on the bias that the daily is more important, right?
And I'm more of the bias that my strategy is more important than the direction, right?
As these failures are more important than like just looking at the trend. I don't think trend is really important at all.
Um but that's my That's the way that I trade.
Trend Trend can be help used like kind of give you an average of what thing what things are doing, right? And I don't like averaging, right? Averaging is a delayed way of trading because it uses an amalgamation of old data, right? So, it has to be delayed, right?
Whereas what I do is the the most next move, right? So, what we're doing here longing right now is because because we failed to make a new low. So, my logic is, "Hey, what that if we can't make a new low, then we have to make a new high." Right? That's my logic rather than trend following. So, that's where my target is is this next high here at the next level, okay?
So, I don't really care I don't really care that it's going down. I only care that it wants to the next move is going to be up.
You know what I mean?
But if for some if somehow the trend line does help you, like if you're not able to look at the chart and just be like, "Oh, yeah, that is moving down."
Like I don't know how anyone could ever like look at this and have to draw a line to fit It's like To me to me drawing trend lines is like somebody having to write down on a paper, you know, simple mathematics. You know what I mean? And then do like just they can't do the calculation in their head. Right?
If you if you're a child and you can't like just look at something and like figure out what it's doing, um then sure, a trend line might help you. But for for adults, I think you can just know what's happening, right? Nice uh failure to reenter here.
Um that area, right? So, still, you know, more confirmation that we're bullish.
Still. Everything is still saying bullish. They're They're really throwing it to the downside to get orders, so right?
You can't hear anything. Everyone else can, so.
Uh definitely understand the thought process.
I started from Maven, do you have any other prop firm account? No.
The only prop firms I would ever recommend is Maven and Win Crypto. So, if you want to trade crypto, Win Crypto's the one. If you want to trade anything else, go Maven.
So, in theory, you could have already closed this out. I didn't want to close it out before the market open cuz it still looks all bullish to me, so I might as well keep holding it.
Uh but ultimately, you know, you could have closed for profit already.
But I would rather I'd rather take the gamble today to shoot for a little bit further.
Do I do meme coin trading? No, I'm not [ __ ] They're rejecting that level there, unfortunately.
Um and I just want to show you one more thing, too. Uh I didn't tell you guys this morning. Something else I'm looking at is there is is another level here.
Uh this this real-time hour level, okay? So, they could come down here, just so you're aware.
Right? So, I have some room on my stops. They could come down here to that real-time level and then buy up there.
So, I might uh I might be willing to add as we come down.
See the reaction there, eh?
Cuz there's there's this level here.
This is This is This is the the level that institutions are using, okay?
Now that we're in the actual market hours, now people are buying these levels, right? So, often times things will come back in the Globex hours, it'll hit it, and then it'll come back in the market hours, too.
So, I told you it might dump on the open. I just didn't know. It was 50/50 it would dump on the open or go straight up.
But, this is where they should be buying right now.
And if not, it's just going to crank really low. So, that has to That has to hold for for us to be right today.
It's melting down. I mean, not not really, no. It's not melting down at all.
It literally just pumped up and this is refilling orders.
>> [clears throat] >> And we're we're still I guess we're at break even now, but not really melting down at all. It literally just came back to the exact same level it was just at.
Right?
The way I trade too is Um just so you guys are kind of aware, right?
The market is mostly bullish, okay?
I mean, in the New York session not really. It's kind of 50/50, but the market is mostly bullish, okay? So, if you just buy every day and at like at like a pullback, you'll be right like 60% of the time.
Right?
Thanks for streaming. You're welcome. Uh I don't know the exact number, but I'm just saying you'll be right more often than than not if you just buy every day.
If you just never short, you will you will be probably better than most traders. And just that simple action of deciding that, "Hey, I know the market goes up, so I will just only look for retests and then and then bounces."
Right?
Then then you'll probably do well. So, I come into the market most days expecting it to go up, right?
Because probably I'll just be right.
Right? I'll I'll probably right be right by only longing, right? Sometimes I'll take shorts if it if there's an obvious sign for the be short, but right now it's pretty obvious to me at least um that we're going to be bullish, right?
Like unless we lose this level on the 4-hour, right? Which is in 20 minutes, 15 minutes, right?
Then I'm perfectly fine being a bull right now. Cuz the market is bullish overall, right?
So I'm fine chilling. It's just It this is I mean when you're day trading you have to play with the probability odds. If you're swing trading, you can know pretty much what's going to happen all the time.
Right?
So we buy this level.
We'll wait for a reaction before we add any more. Um just so that you get you Generally you don't want to be adding just like DCA'ing. You add You can add one and then you can wait. If you want to re-add, you wait for a proper reaction.
What's gold doing?
Oh, that's no fun.
Oh, this is no fun either. I really don't like that metals are crashing cuz majority of my portfolio is copper and gold right now.
Everything is dumping right now. Holy everything.
It's a red day, huh?
So far at least.
Mhm. You didn't hear that a year ago, save hundreds of thousands.
Does Mayvenn connect to AT? Strange up.
No, it's No.
Why would you sell something you don't own? Hilarious, right?
Close here would be all right.
And you can see also like this this 30-minute regained here, so it shouldn't shoot for. Like, you know what I mean?
Like that 30-minute regained this level.
So in theory, in theory you have another trade option right here where you can just target here, right?
Something like that, but it's the same as the trade basically, so.
Still bullish in my mind.
This is shitty close, but still bullish in my mind.
Is it bearish? I'm bullish, but right? Like >> Like there like more or less dude, you can think about it this way. If you're trading the NASDAQ, gold, or Bitcoin, maybe not Bitcoin cuz Bitcoin goes in these crazy cycles. But if you're trading NASDAQ for example, unless it tells you short, you should assume bullish, right? Cuz it's it's either one or the other. It either goes up or down.
I so hopefully it buys off that level right there. It I either goes up or down, right? And unless it's telling you that it's going to go short, it's bullish, right? And this isn't telling us it's going to go short, right?
So you have way better odds just being a bull all the time.
What do we want to add here?
On that little one maybe.
Maybe we'll wait, huh?
Wait for reaction.
Where's the stop? Stop's way down. This is a more of a longer term trade.
Hopefully.
>> Here we go.
20 viewers on YouTube today?
Yeah, yeah. It's normal.
Friday profit taking day? No, don't believe that [ __ ] Banks don't take profit, bro.
It's not how things work, okay?
Nice.
Nice. They're buying that level.
Still bullish, bro.
Still bullish.
If the five closes up here, we'll we'll add more.
And we'll get a [ __ ] rip run Friday, hopefully.
Still bullish, dude.
You know what?
I might be taking the position that maybe they do try to hunt stops, bro.
I've been so against that all the time, but like come on.
Come on, bro.
You know? But re- reality is like this is this is the level. That was the level right there, okay? That's the That's the real time hour level.
Right?
Oh, yeah, baby.
Let's do it.
That'd be a nice close if it's up here.
Bouncing off the fib. Please don't use disgusting language like fib in my chat.
We use levels and gains and failures. Those are the only three things you need, okay?
Everything else is nonsense.
Pa pa pa pa pa pa pa pa pa pa pa pa pa cool top hippie top I like a hippie top on.
Nice. This should be a good close.
You to go long time no see. Hey, hey welcome back my guy.
Hope your exams went well, yeah?
Better than your trading or what?
See me again.
The metals have been weird, yeah.
Your genius TMC changed my trading forever after drink drinking the ICT Kool-Aid for so long.
[ __ ] yeah, bro.
Um that really ripped up, eh?
Should we add to it?
You'll never see me again.
Okay.
Okay, thanks, babe.
You got a key?
I got the Okay.
Okay, regain.
This should be nice. This should be nice.
>> Hopefully bounce right here.
Yeah, metal metals are all doing well today.
Been using DMC with fixed range volume profile and it's been great. Awesome, bro.
Yeah, if you if you use DMC combined with our other stuff, it'll work really really well for sure, yeah. Some people like to combine it with other things.
Moving average or whatever.
Volume or order flow or There's a bearish level.
Um As a support and it filled. I don't know I can't I can't understand what this means, bro.
See my Wi-Fi is still great. Yeah, it'll be fixed up next week when I'm back in Canada.
Hotel Wi-Fi, bro.
Can't believe how [ __ ] it is.
Maybe I'm not a out of business hotel.
Maybe I need to pay more for a proper hotel.
Okay, what we're looking at now is these this 4-hour close, right?
Also, I'm just going to put I'm going to show you the the real time hours here.
You can see, right?
Right, like Honestly, you guys might trade better if you literally just use real-time hours.
Cuz these levels are so much cleaner.
It just looks ugly, so people don't like to use it.
Right?
I think putting some of these highway lines.
All they did was target that low, bro.
Let's go, baby.
Spank it.
Spank it, bro.
Right where I said it bounced, right?
Cuz you know why?
Gained Gained the level, retest the level, go to the next high. Right?
So, this is like There's a lot of trend progression going on right now.
Where the lower time frames are shifting. You can see the higher times have already shifted. Now, the lower time frames need to shift. So, they all need to cascade on each other before it rips, okay?
Yeah, DXY is great for day trading, totally. I can actually use it for long term.
Maybe use Heikin Ashi for your bias even and then and then day trade and then DMC for your for your entries.
Text to speech isn't working. I maybe maybe I'll I'll fix that stuff up next week, bro. I'm not going to fix it up right now.
DMC with orb. [ __ ] yeah, dude.
Who is the mentor of my mentor? I don't have one.
More or less taught myself this. Trader Sue, if I had to give uh props to somebody, it would be Trader Sue.
Is uh gold coming back up?
A nice little bit at least.
I'm more concerned copper and gold, bro.
Like I'm I'm being honest. Like I'm I'm I'm I'm down a lot today on copper and gold. Like [ __ ] [ __ ] loads.
Mind you, we bought copper and and gold a while back, so it's like but that's like that's so much to be down in a day.
So, I I really hope that copper and gold hold support here. Go to the new high.
Bye.
4-hour close is going to look probably pretty solid.
1-hour as well. We're going to regain maybe 3 minutes, so hopefully it doesn't dump down in 3 minutes. If we regain, that's really nice. We'll shoot for that high.
They're doing a little rejection off that top, though, of course, right? That was the target from the 5-minute.
So, it was a 5-minute scalp here you could have done.
Right? From here to here.
Indicator name, there's no indicator.
It's like the most one of the most common questions I get. Like, I don't use indicators, bro.
Do I look at trends? No.
Just levels.
Failures.
Oh, wow.
Oh, wow, that's no good.
This is no good.
The thing that is important is this 4-hour, okay?
Um So, if this dumps down more in the next minute, I might just close the trade and call it break even.
Wow.
These These opens are super annoying, hey?
When it does dumb [ __ ] like this.
Up, down, up, down.
They do this [ __ ] daily at the 4-hour close. Yeah, exactly. I know, bro.
I can actually I see you, okay. I used to use IQ Option when I was really early into trading and I didn't really understand things.
Yeah, this looks um unless they pump it up in like a second here, I'm just going to close it and call it a day.
Call it a week cuz this week was not as good as last week, but actually Monday, Tuesday was really solid.
Yeah, I don't like that.
Let's close it.
I'm going to call it a day.
That looks like a really bad close, so Not a really bad close.
But I I don't I don't I don't want to trade that. I don't want to be a I don't want to be a bull after that close.
We can wait, you know.
Didn't do what I wanted, so we'll get out and wait till tomorrow.
Or Monday or whatever.
More or less break even.
It didn't do what I wanted.
Did nothing. It just went back and forth.
It went up, down, up, down, up, down.
And it just went like that, up and down.
>> your night? I mean, still on stream, but um the market's just ugly. It's just going up and down, and I don't like that.
Well, it's not doing anything. That's the problem. So, we'll just wait.
Oh, they got monsters down there.
Oh, lovely. Sweet.
Okay, boys. While while it's um may have been shorts, bro.
Um again, it's another another We didn't really We just break even today.
I don't I don't like this uh price action, so um I mean, in theory, you know, you could have closed here in pre-market after that first long. And then here again when we added, you could have closed here.
I was hopeful that the 4-hour was going to close, and this was going to continue back up to the all-time highs. That's what I was playing, but in theory, you could have taken these trades and had a profitable day. I was just shooting for for the big win today.
Thanks, love.
So, I'm going to I'm going to just call it there.
Um and then call it a weekend, okay?
Uh I'll see you guys probably on Wednesday, actually, cuz I'm going to be traveling Monday, and I think I'm too late on Tuesday, so Uh actually No, I might I might be here on We'll be We'll be here Monday still, actually. Yeah, we'll still be here Monday.
Cuz I'm not leaving until the afternoon.
Okay.
Small loss, but yeah, I mean, I wouldn't even call that a loss. It's literally a break even.
It's 50 Honestly, it's 50/50 what happens today now, so um But for swing trading for swing trading, boys, you You still you could still be in longs actually.
Um Yeah, you could just if you want to just hold a long here, it probably wouldn't be a bad idea.
For a swing play just because of this level still, right?
Um I just don't know if it's going to like dive down here. I don't want to I don't want to play those odds basically.
Um so you could be doing like this.
And maybe that's a bit a bit big.
Like you could be doing like this sort of thing.
But this is just a huge gap that I don't want to play, so Let's see the real time actually.
Okay boys, see you Monday.
Enjoy the weekend. Stay safe.
Um
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