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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,560 --> 00:00:04,019 Hi and welcome back and in this video I want to talk about trading with the 2 00:00:04,019 --> 00:00:08,780 trend and why a lot of people get this wrong. So there are two main reasons 3 00:00:08,780 --> 00:00:14,320 people get this wrong. The first is that they are concentrating on a lower time 4 00:00:14,320 --> 00:00:21,160 frame and therefore they might be participating in this move here which 5 00:00:21,160 --> 00:00:25,200 appear to be a downward move on a lower time frame but actually when you scale 6 00:00:25,200 --> 00:00:30,320 out you can see it's very clearly just the pullback of the upward move so 7 00:00:30,320 --> 00:00:36,640 there are a lot of cells within this move itself you can if you get in too 8 00:00:36,640 --> 00:00:41,960 down the move get caught in a trade that's going to hit a stop loss because 9 00:00:41,960 --> 00:00:46,920 is due to go back up again so that is why it is very very important to be 10 00:00:46,920 --> 00:00:48,980 of market structure on higher time frames 11 00:00:50,060 --> 00:00:54,480 In addition to that, another mistake that people often make is that they will 12 00:00:54,480 --> 00:00:58,740 not zoom out far enough. So let me just show you what I mean by this. We look at 13 00:00:58,740 --> 00:01:00,040 a 30 minute chart. 14 00:01:00,580 --> 00:01:04,379 Obviously, on a 30 minute chart, you've got a very limited amount of data. 15 00:01:04,860 --> 00:01:09,960 So you may look at this and think, oh, well, we're clearly in a down move here. 16 00:01:10,040 --> 00:01:16,200 But actually, if you scroll out, what you'll see is that, yes, we are in a 17 00:01:16,200 --> 00:01:17,880 temporary down move, but actually. 18 00:01:18,460 --> 00:01:23,160 that pull down move is just the retrace or the pullback of this upward move. 19 00:01:23,420 --> 00:01:28,980 And so with that in mind, it is important to make sure that you are 20 00:01:28,980 --> 00:01:33,520 timeframes above the one that you're trading to make sure that if you are 21 00:01:33,520 --> 00:01:40,040 trading counter trend, that you're only going to trade it to an area that is 22 00:01:40,040 --> 00:01:45,940 realistic. Because the chances are, if you're trading an upward trend 23 00:01:45,940 --> 00:01:51,040 in a sell, that you're going to get stopped out because at some point that's 24 00:01:51,040 --> 00:01:57,280 going to continue so as i was saying this is currently an upward trend but 25 00:01:57,280 --> 00:02:03,100 it is a downward pullback of an upward trend so when we've talked about you 26 00:02:03,100 --> 00:02:08,680 supply and demand zones what you can do is to come onto your chart on your 27 00:02:08,680 --> 00:02:12,140 higher time frames and say okay where potentially could this end 28 00:02:13,320 --> 00:02:17,920 So we take some rectangles. Obviously, there's going to be a zone here, which 29 00:02:17,920 --> 00:02:23,280 you can see that price is currently wicked into and rejected. So it could be 30 00:02:23,280 --> 00:02:27,200 that price is going to start and turn around again and go up. What you've also 31 00:02:27,200 --> 00:02:30,140 got is another area down here. 32 00:02:31,240 --> 00:02:37,200 So as part of the current swing leg on the daily chart, we have two potential 33 00:02:37,200 --> 00:02:38,640 zones that could. 34 00:02:39,690 --> 00:02:44,830 create a turnaround in price and continue that uptrend obviously if it 35 00:02:44,830 --> 00:02:49,610 this low here then potentially it could be starting to swap to a 36 00:02:50,400 --> 00:02:55,820 bearish market however right now we're still within bullish structure we're 37 00:02:55,820 --> 00:03:00,760 doing a bit of a retrace so if we were trading cells we would want these areas 38 00:03:00,760 --> 00:03:05,800 marked up so that we knew that potentially when price reaches these 39 00:03:05,800 --> 00:03:09,820 there could be another turnaround to the upside so you can use those as exits 40 00:03:09,820 --> 00:03:14,780 within your cells so supply and demand isn't only useful for entries it's also 41 00:03:14,780 --> 00:03:19,760 useful for you to know the limitations of your counter trend trades that's 42 00:03:19,820 --> 00:03:21,000 important to bear in mind. 43 00:03:21,610 --> 00:03:26,370 So let's say that you had got into a sell move, you'd met some criteria here 44 00:03:26,370 --> 00:03:29,370 you'd got into a sell move up here and you were selling and selling and selling 45 00:03:29,370 --> 00:03:34,710 and all of a sudden you see that price comes down to this zone and it's tested 46 00:03:34,710 --> 00:03:38,310 it once here and came out of it and then it's wicked out of it a second time. 47 00:03:38,470 --> 00:03:42,730 It's probably not worth staying in that trade because it's now starting to give 48 00:03:42,730 --> 00:03:46,470 you signals that it doesn't particularly want to stay in that area. 49 00:03:46,690 --> 00:03:50,930 And that doesn't mean to say that it won't, but it is starting to give you... 50 00:03:50,920 --> 00:03:55,580 you some information and right now that is all of the information we have so 51 00:03:55,580 --> 00:04:00,280 it's a case of you know reading what the market's telling you it doesn't always 52 00:04:00,280 --> 00:04:04,000 work out we're not always going to get it right but if you were in a sell trade 53 00:04:04,000 --> 00:04:08,260 here because of a lower time frame trend downwards then you might think actually 54 00:04:08,260 --> 00:04:11,520 it's time to exit that trade it doesn't particularly like this area that could 55 00:04:11,520 --> 00:04:15,790 be an area to create a turnaround back to the upside That's where I'll exit my 56 00:04:15,790 --> 00:04:21,670 trade. So the reason that most people get the trend wrong is that they're 57 00:04:21,670 --> 00:04:28,530 on lower timeframes and therefore they are looking at a trend on say 15 58 00:04:28,530 --> 00:04:32,950 minute like this, but actually not realizing that that is part of an upward 59 00:04:32,950 --> 00:04:38,710 trend or they are only looking at a small section of price. So for example, 60 00:04:38,710 --> 00:04:42,730 you were to come onto your daily chart and let's just say that none of this has 61 00:04:42,730 --> 00:04:43,730 happened yet. 62 00:04:44,300 --> 00:04:49,040 and you kind of looked at this you could say oh well price is coming down it's 63 00:04:49,040 --> 00:04:53,060 just made a low high clearly it is in a downward move but actually if you scroll 64 00:04:53,060 --> 00:04:57,220 out farther you can see the bigger picture of what's going on so those are 65 00:04:57,220 --> 00:05:01,400 two tips when it comes to establishing your trend mark your structure out make 66 00:05:01,400 --> 00:05:04,860 sure that you're checking the higher time frames and i would even go so far 67 00:05:04,860 --> 00:05:09,200 the weekly chart possibly even the monthly chart to so that you can see 68 00:05:09,200 --> 00:05:12,560 what's happening and make sure that you're looking at a big snapshot of the 69 00:05:12,560 --> 00:05:16,760 market not just the small area of it so I hope that that's been helpful and I'll 70 00:05:16,760 --> 00:05:17,760 see you in another video 7302