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So I've just recorded a 20
minute video on this pair. Just
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to realise that it didn't
record. You know which is
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always great. Er but let's do
it again. So I've done some
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00:00:23,868 --> 00:00:28,188
back testing on the weekend on
UJ. As I also put on my
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Instagram. So we're on USDJPY
Audi time frame. I just wanna
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go through um this trade that I
back tested. Now I don't trade
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this pair. But you know I
looked at this pair on the
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weekend and yeah let's go
through it because I think
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you'll learn a lot. So
previously we had this
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00:00:47,208 --> 00:00:51,288
impulsive move up and we can
see prices come down with these
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00:00:51,288 --> 00:00:54,228
lower lows and lower highs back
to rebalance all of this price
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here. Now this entry is one of
my go-to setups that I've
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00:00:59,448 --> 00:01:03,948
traded for a very long time.
But obviously you know with
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00:01:03,948 --> 00:01:11,088
some different um confluences
added. Just to up our
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probability really. So, let's
get into it. So, if we look at
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this, we have lower lows and
lower highs. We had price made
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this lower low here and we had
a little pullback in price. So,
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this would be the lower high
that I would wanna see broken.
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00:01:25,308 --> 00:01:30,048
Which would then give us a
order block which would be the
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last down candle. Now, as you
know, we can refine it down.
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Now, what I'm doing is looking
for my hourly bracing
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00:01:41,248 --> 00:01:44,728
structure. Looking for the
order blocks but then I'm
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refined on a 15 minute time
frame. So let's get into it.
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Fifteen minute. We now know
we're looking at this to get
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long from. So let's go into the
fifteen and we can refine it
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down this is the last down
candle but this would be where
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00:02:01,728 --> 00:02:06,228
we can refine it down to.
Because this is the last is
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00:02:06,228 --> 00:02:12,608
this is the large impulse that
broke structure. Now five
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00:02:12,608 --> 00:02:16,148
minute, am I looking to refine
it even more? No, not
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00:02:16,148 --> 00:02:20,948
personally because it gets to a
stage where can you over
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00:02:20,948 --> 00:02:26,068
refine? On your order blocks
and points of interest.
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00:02:26,068 --> 00:02:29,848
Definitely. Like you can, if
you keep refining down, you're
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gonna go from the fifteen,
five, three, two minute, one
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00:02:33,208 --> 00:02:36,748
minute, thirty second, you
know, where does it get to
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00:02:36,748 --> 00:02:39,928
where you say, um okay, this is
where I'm looking to get along
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00:02:39,928 --> 00:02:44,428
from. And you know, stop
refining because you can
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00:02:44,428 --> 00:02:48,088
definitely overrefine which I
think a lot of people have or a
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00:02:48,088 --> 00:02:53,508
few people I've seen are doing
But for me I like to keep it
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00:02:53,508 --> 00:02:57,228
simple. I'm looking at my
hourly breaks and structure.
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00:02:57,228 --> 00:03:00,828
Where's the momentum shifting?
Plot on all the blocks then
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00:03:00,828 --> 00:03:04,428
refine it down on a fifteen.
Just like this. So this is
42
00:03:04,428 --> 00:03:06,768
where I'm looking to get along
from. If price comes back into
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00:03:06,768 --> 00:03:14,048
it. Okay? So we can see let me
just come out of this.
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00:03:15,568 --> 00:03:20,508
Take it back to here. You can
see off the breaking structure,
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00:03:20,508 --> 00:03:23,808
price comes back into it. So
now we can go to a minute time
46
00:03:23,808 --> 00:03:32,508
frame and look at price. So
this is the 15 minute POI.
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00:03:32,508 --> 00:03:37,188
Okay. Now with this breaking
structure coming up you know
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00:03:37,188 --> 00:03:42,348
imbalance imbalance bit of
imbalance imbalance down here
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00:03:42,348 --> 00:03:49,908
okay? So as we tapped in lower
lows and lower highs we tap in
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00:03:49,908 --> 00:03:53,208
here and we put in this lower
low which makes this the most
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00:03:53,208 --> 00:03:58,268
recent lower high. We then
break structure we wick it here
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00:03:58,268 --> 00:04:04,088
but then we do close with these
two wicks here and this would
53
00:04:04,088 --> 00:04:08,708
be the first entry for me. So
let me just take these off. And
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00:04:08,708 --> 00:04:11,528
delete that. I'm also gonna
delete this now because we know
55
00:04:11,528 --> 00:04:14,108
where we are in price. This is
the 15 minute demand level.
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00:04:14,108 --> 00:04:18,308
We're looking to get long on
breaks and structure. Okay so
57
00:04:18,308 --> 00:04:23,888
the first area is here. So
we've broken structure. Now
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00:04:23,888 --> 00:04:29,928
where would be the entry um or
the candle to get along from.
59
00:04:29,928 --> 00:04:33,048
Well we have this little candle
here but I wouldn't be looking
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00:04:33,048 --> 00:04:36,888
to take this because for me
again it's too refined and
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00:04:36,888 --> 00:04:41,568
price could go from here after
rebalancing this bit of price
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00:04:41,568 --> 00:04:45,708
here. So for me I would take
the range. So this is a range
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00:04:45,708 --> 00:04:50,328
in my opinion. We have inside
bars. This is the low that made
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00:04:50,328 --> 00:04:54,408
that low from here. So from
this candle to here is a range.
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00:04:54,408 --> 00:05:03,448
But our would take the last
down candle which is here. Uh
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00:05:03,448 --> 00:05:06,868
my order block because it is
the last down candle. We have
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00:05:06,868 --> 00:05:11,428
this but it's not, you know, of
too much interest to me. So,
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00:05:11,428 --> 00:05:14,728
this is the trade, okay? So, we
broke structure, we come back
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00:05:14,728 --> 00:05:17,608
in, so I'm setting it on the
top of the order block, we get
70
00:05:17,608 --> 00:05:23,288
tapped in here. Stop loss for
me would wouldn't be a two pips
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00:05:23,288 --> 00:05:26,768
because that is choking the
trade in my opinion. For my
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00:05:26,768 --> 00:05:30,908
personality I'd rather have it
at 2.5 down here. And you can
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00:05:30,908 --> 00:05:35,228
see the trade lost. So does
that mean that this was a bad
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00:05:35,228 --> 00:05:40,188
trade? Definitely not. It's a
great trade. It just didn't
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00:05:40,188 --> 00:05:44,448
play out. I think the the
misconception with smart money
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00:05:44,448 --> 00:05:50,208
is you always need to know and
in some cases this is true. You
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00:05:50,208 --> 00:05:54,848
do need to know the why of
price action of course. But if
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00:05:54,848 --> 00:06:00,728
you take a loss, you shouldn't
really be thinking, oh, why did
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00:06:00,728 --> 00:06:03,488
that not play out? Did I miss
something? Did I miss an order
80
00:06:03,488 --> 00:06:09,548
block? Or a bit of imbalance?
In some ways, I don't really
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00:06:09,548 --> 00:06:15,428
agree with that because smart
money, no matter what form of
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00:06:15,428 --> 00:06:17,888
smart money you're trading,
you're always gonna take
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00:06:17,888 --> 00:06:21,548
losses. You just can't avoid
it. I don't care what anyone
84
00:06:21,548 --> 00:06:25,608
says. They're always gonna be
there. So, you can take the
85
00:06:25,608 --> 00:06:30,888
best trade ever you know smart
money the best trade best setup
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00:06:30,888 --> 00:06:36,468
and it will it will still lose
sometimes you will still get a
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00:06:36,468 --> 00:06:40,128
you know trades that lose
that's just how trading is so
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00:06:40,128 --> 00:06:46,308
although this um trade you know
meets my plan this for me is a
89
00:06:46,308 --> 00:06:49,368
higher prop setup and it's one
I would take every day of the
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00:06:49,368 --> 00:06:54,288
week. It's still lost. Now I'm
not sitting there thinking oh
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00:06:54,288 --> 00:06:57,468
maybe maybe that breaking
structure wasn't too
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00:06:57,468 --> 00:07:02,268
convincing. Maybe, you know, it
wasn't actually a good setup.
93
00:07:02,268 --> 00:07:04,968
When really it was, I would
take this every day of the
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00:07:04,968 --> 00:07:09,348
week. Um it just lost. So, now
that we've taken a loss on that
95
00:07:09,348 --> 00:07:13,908
trade, a lot of people would
then miss these next upcoming
96
00:07:13,908 --> 00:07:19,308
trades. Ultimately would bank a
lot of percentage. So I'm just
97
00:07:19,308 --> 00:07:24,328
gonna take it back. So we've
taken the loss. We know where
98
00:07:24,328 --> 00:07:26,788
we are. We're we're at a 15
minute demand. We're now
99
00:07:26,788 --> 00:07:29,968
putting this new lower low in
the 1 minute time frame. After
100
00:07:29,968 --> 00:07:33,808
breaking structure here. Now
this was probably just you know
101
00:07:33,808 --> 00:07:38,848
grabbing liquidity. You can see
we tap back in to rebalance a
102
00:07:38,848 --> 00:07:43,228
bit of this price here. We put
in a lower low. Now for me the
103
00:07:43,228 --> 00:07:48,508
lower high would be either this
candle or this candle. If we
104
00:07:48,508 --> 00:07:52,688
also look left we have an
imbalance from this wick to
105
00:07:52,688 --> 00:07:56,588
this week that was left. You
can see price comes down to
106
00:07:56,588 --> 00:08:00,008
mitigate perfectly. We tap
below it ever so slightly which
107
00:08:00,008 --> 00:08:07,508
was likely reacting to a POI
here. We then momentously break
108
00:08:07,508 --> 00:08:10,208
structure with this candle
which also leaves imbalance
109
00:08:10,208 --> 00:08:15,728
from this wick to this wick.
Now with imbalances um as you
110
00:08:15,728 --> 00:08:18,608
know we trade them as extra
confluence. I don't recommend
111
00:08:18,608 --> 00:08:22,608
trading off of the imbalance
because it won't work out for
112
00:08:22,608 --> 00:08:26,748
you. We we need to just use
them as extra confluence. So
113
00:08:26,748 --> 00:08:30,948
what does that mean? Well now
we've broken structure again.
114
00:08:30,948 --> 00:08:35,388
Yeah. We can take this candle
here. Now for me I would take
115
00:08:35,388 --> 00:08:38,148
this candle as opposed to not
taking this one because this is
116
00:08:38,148 --> 00:08:42,648
larger and you can clearly see
the momentum came in on the
117
00:08:42,648 --> 00:08:46,188
next candle. So this is it
makes sense. We also have
118
00:08:46,188 --> 00:08:51,048
imbalance. So we have imbalance
just above the order block
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00:08:51,048 --> 00:08:55,228
which you know gives X your
confirmation or confluence that
120
00:08:55,228 --> 00:08:58,588
we're gonna tap in from here
and then continue up which is
121
00:08:58,588 --> 00:09:04,128
what we've done. So Again we
can set our entry at the top of
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00:09:04,128 --> 00:09:07,728
the order block. Now as you
already know with 1 minute
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00:09:07,728 --> 00:09:13,068
entries or 1 minute order
blocks I'm setting an entry on
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00:09:13,068 --> 00:09:18,348
the top of the order block. So
the top of a bullish order
125
00:09:18,348 --> 00:09:22,188
block and the bottom of a
bearish order block. Now there
126
00:09:22,188 --> 00:09:28,668
will be variations. If the
order block is say this order
127
00:09:28,668 --> 00:09:35,508
block is you know a as wide as
that. If I can't put my stop
128
00:09:35,508 --> 00:09:40,968
loss at the top with with my
stop loss below if it if it
129
00:09:40,968 --> 00:09:44,628
needs to be more than uh really
three pips. Then I'll be
130
00:09:44,628 --> 00:09:48,228
looking at the EQ. Just so I
can get in with my stop loss.
131
00:09:48,228 --> 00:09:56,048
No more than three pips. So you
know ultimately I'm I am most
132
00:09:56,048 --> 00:09:59,108
cases we can we can get in with
with you know the the little
133
00:09:59,108 --> 00:10:03,428
order block and we can get the
stop loss you know tight with
134
00:10:03,428 --> 00:10:07,088
you know still room to breathe.
But in that example I would
135
00:10:07,088 --> 00:10:12,048
change it to the EQ. So back to
the trade we broke structure
136
00:10:12,048 --> 00:10:17,028
last down candle before
momentum we tap in rebalance
137
00:10:17,028 --> 00:10:20,808
this inefficiency tap into the
order block and this is the
138
00:10:20,808 --> 00:10:23,808
second trade which would have
run for you know eleven to
139
00:10:23,808 --> 00:10:29,448
twelve uh um I think even a bit
more. But most traders would
140
00:10:29,448 --> 00:10:33,228
miss this trade because you
know their emotions kick in
141
00:10:33,228 --> 00:10:36,888
after taking a loss here.
They're thinking uh why did
142
00:10:36,888 --> 00:10:41,908
that lose? How was that loss?
That's a trade. But you know
143
00:10:41,908 --> 00:10:47,068
it's just part of the game.
They then miss the next two.
144
00:10:47,068 --> 00:10:50,308
There's there's another trade
here. They then miss it due to
145
00:10:50,308 --> 00:10:53,668
you know their emotions. Cos
you need to think we're still
146
00:10:53,668 --> 00:10:59,788
within the 15 minute POI which
is here. So we we can still
147
00:10:59,788 --> 00:11:03,688
look for trades even after
taking a loss. Which I think
148
00:11:03,688 --> 00:11:06,988
most people sort of don't
really understand because they
149
00:11:06,988 --> 00:11:09,868
take a loss and they think oh
the trade is going lower now.
150
00:11:09,868 --> 00:11:13,608
The this is it. This this is
the trade is gone. I've taken
151
00:11:13,608 --> 00:11:17,808
the last move on. But really
you need to come back to um
152
00:11:17,808 --> 00:11:22,188
think of what is price doing.
We're still breaking structure.
153
00:11:22,188 --> 00:11:24,648
So we broke structure here.
Imbalance, order block,
154
00:11:24,648 --> 00:11:29,328
mitigation, continuation,
breaking structure. Now if you
155
00:11:29,328 --> 00:11:32,748
didn't take this trade here
then this is the next um
156
00:11:32,748 --> 00:11:37,368
opportunity here. So break
structure again momentously.
157
00:11:37,368 --> 00:11:41,448
Now you're probably thinking
where would be the entry point
158
00:11:41,448 --> 00:11:47,108
because we have this candle
here as an entry or the order
159
00:11:47,108 --> 00:11:51,968
block or the second order block
which is down here where would
160
00:11:51,968 --> 00:11:58,808
we get involved? Now for me and
what I've tested is I would
161
00:11:58,808 --> 00:12:02,588
always take the extreme. So
what is the extreme? Well it
162
00:12:02,588 --> 00:12:07,748
would be the lower order block.
So down here. This is the one I
163
00:12:07,748 --> 00:12:14,568
would take over this higher
one. Now the reason being is
164
00:12:14,568 --> 00:12:21,728
it's just what I've had more um
success with. Sorry excuse me.
165
00:12:22,068 --> 00:12:28,088
If price was to come down to
this order block here and then
166
00:12:28,088 --> 00:12:31,808
go from here then you know II
really couldn't care too much
167
00:12:31,808 --> 00:12:36,908
because I've stuck to my plan
this is what I'm waiting for if
168
00:12:36,908 --> 00:12:40,868
it just doesn't come into this
area and goes from here then
169
00:12:40,868 --> 00:12:44,948
once we break structure that's
it we take the order off and
170
00:12:44,948 --> 00:12:48,668
it's just a trade that didn't
get triggered and there's
171
00:12:48,668 --> 00:12:52,068
there's not much more to it
really. As long as long as you
172
00:12:52,068 --> 00:12:57,308
your plan and and stick to what
you've found in your testing.
173
00:12:57,308 --> 00:13:02,128
You know you're gonna succeed.
Like this if if you take these
174
00:13:02,128 --> 00:13:05,908
these entries here the higher
one then that's great. Just
175
00:13:05,908 --> 00:13:08,068
because I take these ones
doesn't mean you need to. Just
176
00:13:08,068 --> 00:13:12,628
stick to what you what your
data shows and your um training
177
00:13:12,628 --> 00:13:17,788
plan. And stick to it. For me I
would wait for this one. Um
178
00:13:17,788 --> 00:13:23,968
because it's just what I've
seen you know um be more
179
00:13:23,968 --> 00:13:29,568
successful. So This is the last
down candle before the breaking
180
00:13:29,568 --> 00:13:32,148
structure. We can then refine
it down to this candle here.
181
00:13:32,148 --> 00:13:38,748
You can see price tapped in. We
also do have imbalance. So we
182
00:13:38,748 --> 00:13:41,508
have imbalance from this week
to this week. Also imbalance
183
00:13:41,508 --> 00:13:45,408
from this week. Down to this
week. Okay? So imbalances just
184
00:13:45,408 --> 00:13:48,168
add confluence. We're not
trading then we're just adding
185
00:13:48,168 --> 00:13:53,208
confluence. And then you can
see so this is the first trade
186
00:13:53,208 --> 00:13:58,068
or this this is the first
trade. 1% loss. Second trade
187
00:13:58,068 --> 00:14:03,528
you know you're looking at ten
minimum R. Third trade again
188
00:14:03,528 --> 00:14:09,728
ten minimum R. Er and this is
what we what we call order flow
189
00:14:09,728 --> 00:14:12,848
so we're breaking structure
mitigating we're not trading
190
00:14:12,848 --> 00:14:19,388
below um the higher lows as you
can see we come down to test it
191
00:14:19,388 --> 00:14:22,688
but we don't really close and
then you can see as price is
192
00:14:22,688 --> 00:14:26,528
now efficient and essentially
transactions have now been
193
00:14:26,528 --> 00:14:30,908
completed large banks are
getting in here this is when
194
00:14:30,908 --> 00:14:36,968
momentum kicks in and yeah this
is how it played out. Now
195
00:14:36,968 --> 00:14:40,568
obviously I'm not trading this
pair but I think I wanted to
196
00:14:40,568 --> 00:14:42,908
through this trade because I
think you'll learn a lot from
197
00:14:42,908 --> 00:14:48,308
it. Um again, if you take
losses on the first trade,
198
00:14:48,308 --> 00:14:51,668
don't get emotional. Realize
it's part of the game and just
199
00:14:51,668 --> 00:14:55,088
look to see what price is
doing. Is there more entries to
200
00:14:55,088 --> 00:14:59,468
be taken? Look left. What are
we tapping into? Where's the
201
00:14:59,468 --> 00:15:04,328
liquidity? Um where's the order
blocks, manipulation,
202
00:15:04,328 --> 00:15:07,928
imbalances, you know, stack all
the confluences and take the
203
00:15:07,928 --> 00:15:14,488
trades. That's the trailer I
wanted to cover. If you have
204
00:15:14,488 --> 00:15:18,808
any questions on it um please
feel free to message me in
205
00:15:18,808 --> 00:15:24,948
discord over you know private
DM and yeah if you let if you
206
00:15:24,948 --> 00:15:29,328
took value from this video let
me know and I hope you all have
207
00:15:29,328 --> 00:15:32,688
a really good week and yeah
let's smash it in the markets.
208
00:15:32,688 --> 00:15:36,408
Let's try and beat last week.
Which you know it's probably
209
00:15:36,408 --> 00:15:39,828
gonna be hard to do because it
was a great week but let's have
210
00:15:39,828 --> 00:15:42,468
a great week nonetheless and
yeah I'll speak to you on
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00:15:42,468 --> 00:15:44,948
Discord.
19795
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