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how often you can trade. So
just weigh things up and see
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your the timing of your trades,
how long you do them for and
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trades. But yeah anyways guys
speak soon and see you in the
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See where they're taking
profits if you're in the same
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time. Um speak to the other
traders in the group as well.
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hope you took notes for this
one obviously this this one is
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how your strategy goes as well.
Obviously ask questions all the
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more explaining what I do as
well but you know it's really
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effective for you you're
going to have to see depends on
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quite a while and did really
really well but anyways guys I
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take profits and so yeah that
was a perfect trade held for
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know it reacted of a a key zone
institutional area as well you
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profits when I started seeing
more upward direction I would
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then that's when I understood
okay I need to start taking
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0. 8 a 0. 6 it was one of them
numbers started breaking up
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know the the key figure number
I think it was you know like a
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because I understand the timing
of the day. Um this is if I
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areas so we had this massive
sort of boost down all the way
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to the bottom started bottoming
bottom him out and then as soon
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as we started seeing break of
structures to the upside you
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again the EuroCad case study on
Instagram have a look at it as
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well I think in the second post
there I talk through my TP
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trading intraday I take out
about 80% by my second TP
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trading on the high time frame
as I just said this example
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less profits because I know I
can hold on for longer. If I'm
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really am trading inch a day.
But if it's a high time frame
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zone and I expect it to go for
a long time then I will take
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continue in your intended
direction. Personally if I'm
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situation and your conviction
of how likely prices to
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first structural break.
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listed here. You need to go
break even when you see that
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And taking partial structure.
So this all depends on your
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would say just about here is a
comfortable region and then TP
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obviously going break even is
the same plan as what I just
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important so TP one just above
the range right here
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three hold until wherever
you're comfortable. Um
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could be just there and that
the first order block. So I
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of an area TP two fill in the
void most importantly so it
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change at any point you know
understanding the amount of
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potentially even Asian range
but I feel like it's too close
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volume in this point of
interest as well is very
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frames you need to be very
versatile because price can
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but the thing is you need to
understand on the lower time
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York retracements now this
could be a New York
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continuation or it could be a
New York retracement back up
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go all the way up and then this
is where you start to see New
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retrace back down London entry
around 8 o'clock to 10 o'clock
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above the high so both sides
have have taken liquidity you
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1 hour point of interest get
that rejection straight off
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London reversal into a maybe a
15-minute point of interest or
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got the day model that we look
at you've got the Asian range
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interest you see a London
reversal for example so we've
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scenario again, you get to that
lower time frame point of
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next part of the course as
well. Lower time frame, same
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and this is the key thing that
you're going to learn in the
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of it was held because I knew I
had that fundamental backing
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my first take profit or
something like that. The a lot
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EuroCad keeps on selling. Uh so
I kept on holding and holding
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and holding and I only took
about maybe ten percent, 20% in
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was going to increase in price.
So what would that mean?
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downward direction. I knew that
Euro kept on selling and CAD
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understood that fundamentals
are still leading in the
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that I held for a few months I
could of considered taking
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lows so we had a substantial
liquidity at the bottom but I I
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profits at one of the areas
where there was clear equal
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interest for the sales the TP
one would just be at that first
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study on on my Instagram page
the EuroCatchade that I had
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higher time frame we got this
example right here point of
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it fills a void as well and
then TP3 this would have to
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an inducement or reversal or
complete reversal
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low before you reach that area
TP2 below the liquidity where
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depend on fundamentals I'll
just refer back to my case
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I remember once when I when I I
just kept on being too greedy
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why once we see that that's
when we go to break even
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confirmation trade we've got
that significant break of
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for potential reversal at the
end of the day and also you
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into consideration when taking
profits. Timing of day if
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structure down there so entry
down here stop loss just below
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spreads it's essential in
keeping a profitable account
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when to go break even looking
to go break even by setting
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reversed so the example over
here is when we're doing a
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kind of retracement or even an
inducement so that's the reason
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you're trading intraday that
is. Um so if you've entered for
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too early you can get stopped
out and price goes your way too
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however the key point is in
knowing when to go break even
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that and personally I would
keep this going until we see a
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do the fundamental support this
directional bias. So yeah. So
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end of the day is coming,
consider taking profits or at
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late you risk price hitting
stop loss as it is then
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least a good amount as well. So
are we about to hit a potential
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to break even for example. So
nothing would happen. And then
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you going counter fundamentals?
That's all the sort of stuff
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we're going to be getting into
right now. So things to take
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potential areas of reversal.
Are you going countertrend? Are
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because if you do see an
inducement it could either be
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Now taking profits on the
higher time frame. So on the
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there now from there we can
expect that there would be some
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significant structure break so
that would be that one right
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your stop loss to entry point
plus about a pip to cover those
100
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and everything hoping for
higher profits and it come back
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one lesson you have to learn
for funded accounts especially
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well when everything and you're
approaching a point of interest
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area of reversal, do not be
greedy, take partials. This is
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know that London session is
over around four o'clock and
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then the rest of New York is
still going on. If you know the
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example in London session and
you know your trade is going
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out the market. And a lot of
this is done with what we've
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your risk management plan as
well. Taking profits is is just
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already learnt. So you know on
Understanding where there are
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as important because you need
to understand you need to get
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it going break even as well and
you know when linking this to
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the taking profits and how we
set them. What we can do about
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of technicals. Um so today
we're going to be looking at
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Yes, hello guys. Welcome to the
second video of fourth section
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next video.
10685
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