Redline Annual Report Template – Foreign for Profit with airSlate SignNow

Redline annual report template foreign for profit

have you ever seen a chart like this and had no idea how to trade it if you answered yes then you're not alone most traders have no clue how to trade in this type of situation but what if I did something like this well if I did that and then told you that the highest probability chances you have of winning trades is around these red lines what if I told you that one of the biggest secrets professional traders are keeping from you is the amount we use significant and major levels of structure in our trading and what if I told you that after this video you would be able to plot these same exact lines on your screen and you would know how to use them in order to gain that edge over the market that you've been looking for for so long well that's exactly what we're gonna do today so if you're new here make sure you click that subscribe button to be alerted about the content just like this we come out with each and every week make sure you click that like button to help support us here at the trading channel also make sure to follow us on the social Instagram and Facebook are linked in the description below and I'll be right back to share with you one of the biggest secrets the professional traders are keeping from [Music] last week we did some analysis on the euro dollar using the same structure support and resistance identification that we're gonna talk through today so what I'm gonna do is play you guys a fast clip of last week's video where we were talking about the euro dollar when we get back we'll talk about how that played out not only that when we get back I'll share with you every aspect to creating these specific levels of structure these specific horizontal lines to trade around they can really give you that edge that you've been looking for over the market so let's take a look at that clip and I'll be right back what that means is that if this market can get back up into that level without breaking and closing let me delete this is probably getting confusing above this level if we get back up into this zone in through here that is a great trading opportunity for the way I trade and the rules that I have no that means so only euro dollar you can see that we actually had a zone pointed out on this currency pair at around 1:15 excuse me 114 5 that's really the area we were looking for in this zone is what we were saying we were waiting on the market to get back up to in order to give us an opportunity to go short in trend continuation on this specific currency pair and let's look at what the market did we literally got right there at the bottom of that zone I think it's 7 pips away or so so we got within 7 pips of being highly accurate in this situation and what we're gonna do is take a look at how we could have taken advantage of this on lower timeframes and we're also directly after that I'll talk you through why this is a significant situation so let's go down to a smaller time frame we'll actually go all the way down to the 15-minute chart because this is where the trade actually happens so down here on the 15-minute chart we come up into this zone and these zones are so powerful that at times I only look for double tops and double bottoms in these zones and of course I have a few different significant rules that go along with those double tops and double bottoms but right here as you can see the market coming up for that one 14:5 area if I grab a ruler tool let's actually see exactly how far away we got yeah we're within 7 pips of 115 114 5 so what we did was we came up here to this exact area we were talking about and we got a double top we got some RSI divergence we had an overbought market as well and then this market fell off pretty dramatically now let's zoom back out to a daily chart and let's talk about exactly how to spot these types of zones so the first thing we're gonna do is actually draw some structure on the chart we're gonna get a completely blank chart here or nearly blank at least and let me show you guys what I'm talking about whenever it comes to major levels of structure support and resistance or major levels of structure that we can trade around that can help provide us with that significant amount of accuracy this is what we're looking for markets when trending do something like this let's say we're in a downtrend we're looking for a massive break of this level of support right here when I say a massive break we want to see a market that does something like that we don't want to see a market that does something like this that would not be considered a massive break so we want that massive break of support in a downtrend after that massive break we're looking for the market to come right back up to that level of support if we get that massive break now what if we don't get a massive break in the situation is more like what we see in the second example over here to the right well if that's the case then the level of structure we're paying attention to is right here at previous resistance so this is what we're looking at when it comes to the major levels of structure support and resistance that we can use to increase accuracy of any trading strategy I don't care if you're trading Candlestick patterns or price action patterns like double tops or double bottoms using this type of structure analysis on higher Tom frames which is something we'll explain as well is what allows you to create a more accuracy trading strategy more actually trading plan and inevitably become a more accurate trader so this would be an example for me personally I trade on the one hour and for our charts considering that I trade only one hour and for our charts this right here signifies daily levels of structures what I'm doing is looking at a daily chart what I'd love to see on daily charts is a market that has a significant break of support because at that point I know exactly what I'm doing I'm waiting on the market to get back up to that previous level of support before this significant break and that's where I'm looking for trading opportunities but not on the daily timeframe unless I get a very specific and an odd situation entry reason then I may enter on the daily chart but most of the time I'm dropping down to the 4-hour chart or the 1-hour chart and looking for really specific entry reasons around these areas of structure so that's a really fantastic situation for me when a market does something like this on a daily chart because I already know exactly what I'm looking for and vice versa just as the second example we were talking about if a market does this and we get a slight break of this previous support level again the power in this is that I already know what I'm looking for as a swing trader I'm trading on a four hour and one hour time frame what I'm gonna be looking for in this situation where we get a very small break of this previous level of structure support is that move back up to this resistance level this then becomes my significant level of structure that gives me a highly accurate place of placing trades and before we move any further let's talk about if you're a day trader maybe you don't swing trade on for hour and one-hour charts but maybe you trade let's say on the 15-minute or the 5-minute chart if that's the case then you would want to do this type of analysis this pre-emptive analysis to spot out these major levels of structure that you can trade around you want to do that on a four hour or one hour chart because that's gonna be a lot more applicable to your trading time frame if your trading time frame again is the fifteen or five-minute then you won't this analysis to happen only four hour or one hour chart so while we're here and again before we go any further on the training section let's actually take a live look at this on the euro dollar so on the euro dollar right here we have a market that's pushing down right we have exactly the situation that we looked at up above while we were just drawing it out we have the push up this is on a daily chart by the way we have to push down would this be considered a significant break of this level of support well yes I would consider that a significant break after we get that significant break what are we looking for the market to pull back into that level of support right there what happens we pull back into that exact level of support now we'd be dropping down to lower timeframes looking for specific trading strategies test this for yourself go out in the markets test using double tops and double bottoms in these types of areas and you'll see that it provides a pretty accurate way of actually placing trait and it can provide you with that edge over the market that's so hard to find in the forex market but as we come up let's let's keep going here we hit that significant level of structure did we then push down the market brakes support again now is this a significant break or this be more like example number two of barely breaking a support level I would call this barely breaking the support level right since we barely broke the support level what are we looking at as our significant level of structure the previous level of resistance now pay attention to what the market does the market pushes up gets to that previous level of resistance and then pushes down so this is the power of understanding these really significant levels of structure in the market and again guys we'll go through this one more time and we'll actually I'm gonna take you actually to a live trade that I'm in based on this analysis so let's go I do believe that this trade is on the New Zealand dollar yes it is okay so on the daily chart here on the New Zealand dollar what are we looking at if we use the same exact analysis that we just talked about this is the daily chart on the daily chart we're pushing up well that was a terrible line to draw so I guess on the daily chart we're pushing up down up this is not a significant break so we wouldn't be looking here at major structure we would be looking down here at our red line for a major structure the market doesn't get there so no trading opportunity then we push down we push up and this big of a break when I am looking at the hot not the bodies of the candles guys so the high being all the way up here I would count that as a significant break of the structure level so if we break a structure level significantly on the daily chart then what am I looking for well I'm looking for a pullback into that structure level and then what then I'm using the rest of my trading plan which consists of very specific strategies I use it levels in the market just like this so what do i what do I do in this situation exactly well the reason you see a live trade on the chart is because at this situation I drop down to the one-hour chart and I'll actually make this bigger so you can see it let's take this off and here at this level any of you who are familiar with price action patterns should be able to see what I'm seeing here on this specific chart at this level of structure again that's not all I needed if the market just would have got down to that level of structure I wouldn't have placed a trade randomly I want to see a very specific strategy whether that's price action patterns candlestick patterns whatever it may be and what happened here is on the one-hour chart we pushed down we got a shoulder now you know where this going right we got the neckline we got the head the finishing touches of the neckline and the shoulder what happens then well then I see a specific price action pattern actually on a lower timeframe that I'd like to see and I decided to enter the market because of that I have a stop-loss below the shoulder here and I have my first target set at a one-to-one risk/reward my second target is going to be somewhere up here at resistance this gives me an edge over the market I know that I'm more likely to hit that first target then to get stopped out of this trade now does that mean that it's a for sure 100% chance no absolutely not I may show you this and you may look at this specific trade after this video is over or after you watch it and see that it lost you may see that it won that's irrelevant what I know is that I have an advantage over the market I have an edge over the market and that means that if I place a trade using this analysis over and over that eventually I will come out on top over a large sample size and that's what you need to do as well do not take the information in this video and decide to go out and start trading it on your own without ever testing it you must test it first ensure that it provides an edge over the market and then decide whether or not you'd like to put it in your trading plan now when it comes to rules based strategies if that's something you're not at all familiar with or even if you're familiar with it but you don't quite understand how to do it for the next four days we're gonna be showing you guys a very accurate rules-based breakout strategy again it's only for the next four days but I want to release this to you for free just so you would really understand how to create a rules-based strategy and in that video I'm gonna be breaking down an entire rules based strategy by the end of it you'll have another breakout strategy you can test in the markets and decide whether or not you'd like to put in your trading plan so go ahead and click the link in the description labeled e/m acp strategy tutorial that's the free link for this strategy it's only up for the next four days after that this will be content that cost money so go ahead and click the link in the description labeled EMA CP strategy tutorial to get a hold of that breakout pattern strategy I hope this video was powerful for you I hope helps you to understand the significance of pointing out some really really significant levels of structure right the significance of pointing out the previous level of support or resistance and if it's a small break of structure the previous level of resistance if we're in a Down trait and actually what I'm kind of rambling and I'm sorry about that but what I'm gonna do is let me go through that one more time because it was quick it was kind of fast let's go through the different ways of actually spotting a structure levels hold on just a second sorry yes so if we're trading on a four-hour one-hour chart let's say you are a swing trader - what you're gonna be looking for is a market that has a significant break of support or resistance I'm doing down trend examples this all applies the same in an uptrend so in a downtrend we're looking for the significant break of a structure support level then we want the market to pull back up to that support level directly afterwards you want to go down to a smaller time frame start looking for any specific strategy or entry reason that you normally trade and that you've tested through historical data don't just trade this you can even look at a few examples without trading it with a lot of money you'll see what I'm saying but our demo trade this but you you really need to take it back through historical data and test whatever entry reason you decide to lose use but at this level on lower timeframes is where we're gonna be looking for possible trading opportunities now a second example of what we can look for is if we get a move like this and not such a significant break say the market barely breaks this level of support then we're not looking back at support at that point we're not looking at this level for trading opportunities but this right here this level of previous resistance becomes a major level of significant structure that we can use in order to place trades around on lower time frames so that's the two ways we're looking at again guys this is on a daily chart if you are a swing trader you're looking at this on a daily you're trading on the 4-hour or hourly and if you are a day trader let's say you trade your trading timeframes for 15 or 5 then this right here would be the 4 hour or one hour analysis you would do so that that's the ways that we're pointing out very significant levels of structure resistance and support let me do let me do a bullish example of this in case it's a little bit difficult for any of you to graph so a bullish example would look something like this on a daily chart we get a major level of structure that breaks and we get a major above that level then we get a pullback to that level lower timeframes looking for trading opportunities if we get a small break of a level of resistance that would be considered a small break right there then we're waiting for the market to pull back all the way to the previous level of support and that's where we look for possible trading opportunities again don't take my word for it go out test it for yourself I hope this video was valuable it's been way too drawn-out here at the end but I just want to make sure that you really understand and grasp the concept of finding these major levels of structure in the market measure levels of structure support and resistance and being able to trade around them so again if you liked this video make sure to hit that like button make sure to subscribe hit the notification bell make sure to follow us on the social links for all that are in the description make sure to take advantage of this free EMA CP strategy a free breakout strategy that's completely rules based we are gonna walk you through over the next four days take advantage of that by clicking the link in the description labeled EMA CP strategy tutorial and I will talk to you guys next time I'm almost out of breath talking you the next video guys [Music] [Music]