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Write your fine print to the fake out.
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We've talked about it up many times in the past and I'm sure you guys are already familiar with it.
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So the fake out is one of the trapped that are used by the big boys to induce the breakout traders into
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entering a tree.
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So now what we have to do is put ourselves in the shoes of the retail breakout trader and try to spot
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these fake outs.
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Undercharge OK.
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Once we realized that the big boys are doing the opposite of what this break up traders are doing it's
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time for us to get into the trade against these breakout traders.
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OK.
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Here's a chart of the Australian yen.
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So you guys been trading for a while.
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You must have heard the teachings up there on how to trade breakouts and that is to buy the bricks of
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the previous highs or sell the break of the previous low.
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Zoom into this range that we have here.
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You can see here that the trend is going to the downside.
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The big boys are offloading their Australian dollar and showing that the yen is gaining strength and
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momentum and direction instead to the downside.
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And as I mentioned earlier price cannot trend forever.
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They need to arrange for what happens in the range.
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That's when the tricks and traps are used by the big boys.
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So remember for someone who's trading on the lower timeframe what they're actually seeing here octoroon
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right
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they're looking at this as an opportunity to get long
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and right away here the fake out happens.
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Why.
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Simply because the main direction is to the downside on the upper timeframe.
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So when this level here gets broken people are jumping on it like crazy.
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And I say people I meant the retail traders great
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Those who fail to see that there is a supply of on the left or are trapped into thinking that prices
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would go higher.
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So the big boys are initiating this fake out this false because the upside to trap the Regio traders
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that think that price is indeed going to the upside.
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OK what happens is a bigger supply out here for these sellers.
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They're seeing this price movement as a good price to re-enter into the short OK.
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So at the close of this candle This is on the H-1 at one point.
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This kind of is a big bullish channel before it close.
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Right.
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People are jumping on it being afraid to move out on the move here.
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And once this candle closes like this with along with the upside this is the trigger to get short.
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We could simply answer at the close of the candle
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with our stop loss above this point.
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Right.
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Just in case price makes another push the upside.
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The supply of that is a good buffer for us to protect us.
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If you're more aggressive and you're looking at the lower timeframes you may put a stop loss be on this
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point.
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If you see another short set up here and this is a really nice story that could yield us a lot of profits
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compared to the amount of risk you
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satisfy another example.
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So I'm never a big fan of the breakout trade simply because I don't think that we want to resist is
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good enough.
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Right.
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So this example here you can see we're in a range right.
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I would rather sell the tops buy the bottoms.
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For those people who are break traders.
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What you guys to pay attention to this long way over here.
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Remember that at one point price went all the way down here and seeing a big red candle followed by
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another big red candle you could already imagine what the retail traders are thinking.
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Right.
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They are afraid of missing out on the move.
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And without hesitation.
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They would just jump in.
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And so at the break of this trend like so us knowing that this is probably either in the higher timeframe
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that coincides with the demand as well.
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See this right here.
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We know better than to just jump in and sell right here.
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So at the close of this red kindo is actually our trigger to go along
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right.
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This is entry right here stop loss below this rectangle or you may even put it below the move.
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If you share the prices in the turnaround to be safe it's better to put a stop to us beyond us.
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That's another barrier here.
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Because remember iriver price to go up like this year there needs to be enough sellers.
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The institution traders need to manipulate the market in such a way that the mass is thinking that this
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is a good short entry that this is a selling market and that it's going to go down further.
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But instead these are just orders.
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On the other side of the big boy Street's.
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So this is one of the first tricks they use a fake out with along with Kendall right the next Mario
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will learn to spot a fake out swell with a big buddy candle.
7461
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