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These are the user uploaded subtitles that are being translated: 1 00:00:01,090 --> 00:00:04,820 Write your fine print to the fake out. 2 00:00:04,890 --> 00:00:10,030 We've talked about it up many times in the past and I'm sure you guys are already familiar with it. 3 00:00:10,350 --> 00:00:18,700 So the fake out is one of the trapped that are used by the big boys to induce the breakout traders into 4 00:00:18,700 --> 00:00:19,810 entering a tree. 5 00:00:20,620 --> 00:00:27,100 So now what we have to do is put ourselves in the shoes of the retail breakout trader and try to spot 6 00:00:27,640 --> 00:00:28,750 these fake outs. 7 00:00:28,820 --> 00:00:30,380 Undercharge OK. 8 00:00:30,660 --> 00:00:36,280 Once we realized that the big boys are doing the opposite of what this break up traders are doing it's 9 00:00:36,280 --> 00:00:42,390 time for us to get into the trade against these breakout traders. 10 00:00:42,470 --> 00:00:42,740 OK. 11 00:00:42,760 --> 00:00:45,640 Here's a chart of the Australian yen. 12 00:00:45,790 --> 00:00:47,900 So you guys been trading for a while. 13 00:00:47,980 --> 00:00:54,520 You must have heard the teachings up there on how to trade breakouts and that is to buy the bricks of 14 00:00:54,520 --> 00:01:00,400 the previous highs or sell the break of the previous low. 15 00:01:01,300 --> 00:01:03,560 Zoom into this range that we have here. 16 00:01:04,000 --> 00:01:07,540 You can see here that the trend is going to the downside. 17 00:01:07,630 --> 00:01:14,230 The big boys are offloading their Australian dollar and showing that the yen is gaining strength and 18 00:01:14,230 --> 00:01:16,950 momentum and direction instead to the downside. 19 00:01:18,680 --> 00:01:23,520 And as I mentioned earlier price cannot trend forever. 20 00:01:23,900 --> 00:01:28,460 They need to arrange for what happens in the range. 21 00:01:28,610 --> 00:01:33,140 That's when the tricks and traps are used by the big boys. 22 00:01:33,170 --> 00:01:42,740 So remember for someone who's trading on the lower timeframe what they're actually seeing here octoroon 23 00:01:46,520 --> 00:01:46,750 right 24 00:01:49,550 --> 00:01:52,040 they're looking at this as an opportunity to get long 25 00:01:56,530 --> 00:02:02,220 and right away here the fake out happens. 26 00:02:02,270 --> 00:02:02,860 Why. 27 00:02:02,940 --> 00:02:07,530 Simply because the main direction is to the downside on the upper timeframe. 28 00:02:07,950 --> 00:02:13,720 So when this level here gets broken people are jumping on it like crazy. 29 00:02:13,880 --> 00:02:19,670 And I say people I meant the retail traders great 30 00:02:23,410 --> 00:02:31,780 Those who fail to see that there is a supply of on the left or are trapped into thinking that prices 31 00:02:31,900 --> 00:02:33,640 would go higher. 32 00:02:33,640 --> 00:02:41,830 So the big boys are initiating this fake out this false because the upside to trap the Regio traders 33 00:02:41,940 --> 00:02:45,490 that think that price is indeed going to the upside. 34 00:02:45,960 --> 00:02:50,800 OK what happens is a bigger supply out here for these sellers. 35 00:02:50,810 --> 00:02:56,940 They're seeing this price movement as a good price to re-enter into the short OK. 36 00:02:56,940 --> 00:03:04,400 So at the close of this candle This is on the H-1 at one point. 37 00:03:04,470 --> 00:03:08,070 This kind of is a big bullish channel before it close. 38 00:03:08,150 --> 00:03:09,340 Right. 39 00:03:09,420 --> 00:03:13,660 People are jumping on it being afraid to move out on the move here. 40 00:03:13,830 --> 00:03:21,140 And once this candle closes like this with along with the upside this is the trigger to get short. 41 00:03:21,180 --> 00:03:26,000 We could simply answer at the close of the candle 42 00:03:29,620 --> 00:03:33,030 with our stop loss above this point. 43 00:03:36,480 --> 00:03:36,850 Right. 44 00:03:36,890 --> 00:03:40,920 Just in case price makes another push the upside. 45 00:03:40,940 --> 00:03:47,010 The supply of that is a good buffer for us to protect us. 46 00:03:47,400 --> 00:03:53,940 If you're more aggressive and you're looking at the lower timeframes you may put a stop loss be on this 47 00:03:53,940 --> 00:03:54,870 point. 48 00:03:55,140 --> 00:04:03,130 If you see another short set up here and this is a really nice story that could yield us a lot of profits 49 00:04:03,520 --> 00:04:05,210 compared to the amount of risk you 50 00:04:09,030 --> 00:04:11,550 satisfy another example. 51 00:04:11,660 --> 00:04:17,840 So I'm never a big fan of the breakout trade simply because I don't think that we want to resist is 52 00:04:17,840 --> 00:04:19,130 good enough. 53 00:04:19,510 --> 00:04:20,080 Right. 54 00:04:20,340 --> 00:04:27,200 So this example here you can see we're in a range right. 55 00:04:27,410 --> 00:04:32,550 I would rather sell the tops buy the bottoms. 56 00:04:32,670 --> 00:04:37,260 For those people who are break traders. 57 00:04:37,930 --> 00:04:42,570 What you guys to pay attention to this long way over here. 58 00:04:42,710 --> 00:04:51,340 Remember that at one point price went all the way down here and seeing a big red candle followed by 59 00:04:51,340 --> 00:04:58,950 another big red candle you could already imagine what the retail traders are thinking. 60 00:04:59,340 --> 00:05:00,250 Right. 61 00:05:00,300 --> 00:05:02,490 They are afraid of missing out on the move. 62 00:05:04,410 --> 00:05:06,990 And without hesitation. 63 00:05:07,050 --> 00:05:08,680 They would just jump in. 64 00:05:08,700 --> 00:05:14,890 And so at the break of this trend like so us knowing that this is probably either in the higher timeframe 65 00:05:14,890 --> 00:05:16,980 that coincides with the demand as well. 66 00:05:17,030 --> 00:05:29,980 See this right here. 67 00:05:30,250 --> 00:05:33,600 We know better than to just jump in and sell right here. 68 00:05:33,940 --> 00:05:38,740 So at the close of this red kindo is actually our trigger to go along 69 00:05:42,240 --> 00:05:42,560 right. 70 00:05:42,570 --> 00:05:56,740 This is entry right here stop loss below this rectangle or you may even put it below the move. 71 00:05:56,940 --> 00:06:04,240 If you share the prices in the turnaround to be safe it's better to put a stop to us beyond us. 72 00:06:04,250 --> 00:06:05,780 That's another barrier here. 73 00:06:07,310 --> 00:06:15,350 Because remember iriver price to go up like this year there needs to be enough sellers. 74 00:06:15,820 --> 00:06:22,410 The institution traders need to manipulate the market in such a way that the mass is thinking that this 75 00:06:22,410 --> 00:06:28,670 is a good short entry that this is a selling market and that it's going to go down further. 76 00:06:28,710 --> 00:06:31,360 But instead these are just orders. 77 00:06:31,410 --> 00:06:34,190 On the other side of the big boy Street's. 78 00:06:34,430 --> 00:06:42,270 So this is one of the first tricks they use a fake out with along with Kendall right the next Mario 79 00:06:42,470 --> 00:06:46,670 will learn to spot a fake out swell with a big buddy candle. 7461

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