The Simplest Strategy That Actually Makes Money

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2:01Primarily because I've been doing it. I've been doing it for quite a long period of time. And that's trading within ranges. Now, why do I like ranges? I'm not talking about breakouts, retests. I'm not talking about that at all. I'm not talking about all these are all things that I've done. But to start off with, find a range. A range is one of the most easily identifiable patterns in the market. Do you have double tops and double bottoms? You have a range. You do. And from there, bet the range is going to keep on ranging. Yes. At some point, there will be a breakout. At some point, there are going to be a fakeout. You are going to lose when this happens. But you are going to lose regardless in the market. You don't have 100% win rate. And if you're struggling to even find setups, or even get started in the market,

3:02or you just want to fresh start, ranges, a complete beginner can find them. They're super, super easy. So you've already got that. You don't have to go and learn crazy price action. You just have to learn highs and lows, beginner stuff. And here is the really, really important and just wonderful, I guess, positive about it. If you find a pair that ranges frequently, then you have got your bread and butter. Here's pairs that range frequently. AUDNZD. Euro-Great British Pound. Chef Euro-USD. Chef-Great British Pound. Right? I wouldn't say USDCAD does that. I don't even know if any of the JPY pairs range. But those ones range all the time. And sometimes it's for weeks. Sometimes it can be for months.

4:03They can be in big ranges. They can be in small ranges. And this is good, because you can just take little trades. Little small trades within those ranges. You're going to be in an environment where you're probably going to just... Just keep on going, honestly. See, these are identifiable. There's a number of pairs that do it for a long period of time. So you've got some safe pairs straight off the bat, or at least safer pairs straight off the bat. So you can achieve that consistency you're looking at. Again, you can still lose it on AUDNZD. On Euro-Great British Pound, they can break out. They can do all these things. You are going to lose. It is not a full proof strategy. Or a full proof strategy, I should say. So, always remember that one there. But if it continually ranges for a long period of time and you know the sort of movement that it's going to do because it's so easily identifiable,

5:03what you can do is target the edge of ranges. There's two ways to go about. You target the edge where you target the middle. Now, you've got a double top. You can presume that it's going to go back to that exact same place and then fall down. Your previous high, it comes up to that area. It hits it. You're thinking it's going to come down. Cool. Again, multiple ways to play this. You can have a larger stop loss. Or you can have a tighter stop loss. Your tighter stop loss allows you to be able to go for greater risk or awards because it should, in theory, hit that area and fall down. Now, I know a lot of you are automatically going to go for that because you agree. Look, everyone is when they start off and everyone is most of the time anyway. So, it is... How should I put this?

6:03It is something that you're going to want to do. But you've got factor in potential fake outs and potential for weeks at the tops of these areas. Maybe it's just going to come in and give you a liquidity grab. Right? You're probably going to have a lower win rate, most likely. That's what I'm going to see through there. A lower win rate through there. However, if you go for the larger stop loss, you're not going to have a nicer risk reward. But if you take into account the wicks, then you should have a higher win rate. Now, that's what you've got to figure out psychologically. If you don't do well with losers, take a bigger stop loss. If you do do well with losers, take a smaller stop loss. That's my advice to you. And honestly, ask yourself that question. Are you in a position right now where you're good with losing all the time? Probably not. Take your one-to-one risk reward ratio

7:03or even slightly less to get that higher win rate. And then there's the case of take profits. Don't go for the bottom of the range. Don't be silly. Don't be going at the top and trying to sell to the bottom. You don't need to do that. Just because it's in a range and you will see this does not mean it's going to go all the way to the bottom. Target three-quarters, even half of the range to be really, really safe. That's what I'd like you to do. Now, of course, this can also work on multiple time frames. You can do the really big range of some four hours. You can do the intraday trading ranges on 30 minutes, or one hour and two hour for day trading. You can do scalping. All ranges look the same. Now, you've got to figure out which one you want to do. On the four hours, look, from my experience, and that's, I guess, why you guys are here. The four hours are your best bet. Why?

8:03Because they're so huge. They're so monstrous. And they do go on for quite some time. But the few and far between. That's just my personal experience trading. The lower you go down, the more opportunities that you're going to have. But again, you want to pick things that range. I mean, oil, although it can trade a lot as a trade. Train a lot as well. It can definitely range. I'm sure these are the markets that you can get into as well that will be very similar in terms of ranging. But that's just what I want you to do. Bitcoin, for example, occasionally ranges like a mofo. Absolutely does. Same with quite a lot of cryptocurrencies. And I get in on stuff like this. It's absolutely fine. I've been doing it for years and years and years and years. And there's so many variations that you can do from ranging as well, finding areas of heavy resistance and heavy support. And then building new strategies off of that ranges just hopping into the market, building something from there

9:05is one of the most straightforward processes I've ever done. In comparison to just looking at the market and going, okay, do I want to be in a range consolidation or trend trading? With trend trading, you've got to be able to identify the trend. You want to hop into markets that are trend trading. You are going to have really the same things. When's it going to stop, you know, this or that? But a trending market can be a trending market for a very long time, just like a ranging market can. But this kind of trend traders and this people hopping in and out and I think on trending markets, you can get a bit more fear in there. Whereas ranging markets are usually so 50-50 that it really takes a big chunk of people to come in or a bank or whatever it is or economic news to take it out of a range. You know what I mean? So it's a little bit different there. Whereas trending markets, look, I think there's as much superior markets when you get them right. You can get the most money out of them. If I market trends and trends and trends and it keeps on going great, you've seen it with gold, you've seen it with Euro-USD,

10:05sort of with JPY last year. You can be in these markets and you can far exceed what you can in a ranging market, right? You really can. They're the same amount of positives and negatives. I just think that the positives in terms of weight are better for trending. But again, you've got to be able to identify trends. I'm properly identifying them. Find pairs that really like to trend, be in markets that are beneficial for trending. It's all positive and there's no news really going out either way. But if you're in a market where there's no news coming out, it's already ranging. You don't see anything that's going to be coming out in the near future. I mean, great. It's the less that happens the better. You know, oh, there's no news. I don't have to go into that and I don't have to look at it. I don't have to look at any of the factors. No one in here, there's no one playing these games. I'm just in it. And again, consolidating markets are the biggest allowed crap, even though that was my first strategy and I got my first payout and I got my first accounts with that. I wouldn't touch consolidation again for the 10-foot poll.

11:06Oh, just the sheer explosivity and how wrong it can go. It's pretty crazy. So I would kind of stay away from that. So ranging just kind of like has it. It's great. I would hop into them different. And yeah, that's really it from me. Again, if you want to learn more, there's a free Discord links in the description. Please give me a rating on Apple or Music Spotify, blah, blah, blah. Yeah, I'm sending out signals now. My YouTube's alive and well. Road to Forex, still the same thing. So yeah, guys, until then, I will see you in the next one. Bye. There's one place for the newest drops in wellness and performance, and the biggest sale of the year.

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