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How To Make Over $10,000 In One Trade | Live Forex Trading and Analysis
one time for the underdog one time for the underdog you got the world on [Music] [Music] [Music] [Music] [Music] [Music] [Music] hello winners welcome back to the FX through 20 YouTube channel in this video I'll be explaining exactly the analysis behind this trade that I took on bound AUD I managed to get 60 bits easily even after the market fell significantly so let's get into it we are on pound AUD this is a 15 minute chart that I use for all my entries I still do some analysis on higher time frames to draw important key levels and to find more compliments as behind my trades then I dig down deep to the 15 minutes chart to refine ideal entries so looking at this chart I'm using three simple indicators to EMA's and market session indicator that shows each trading session with different color the blue one is the asian session the white one is London session the red one is New York session first I start off by understanding and deciphering the efficient market trend and defining where am I in the weekly cycle you may not know that by Forex pairs move in cycles the dealers and the market makers create these circles so let's go back in charts and start counting we have a W formation right here as you can see it a double bottom we have first wave second wave third wave we have a double top right here and the start of a new cycle a better side now that I know it's officially a downtrend I'm looking only for idea injuries to show the GBP I know there is important news that's going to be released which is the Bank of England interest rate decision but I'm ready and prepared for that keep in mind I'm following a very strict criteria and checklist that I have to go through before taking any injuries which will assure that this trade have a perfect criteria and it's going to be 100% in the money so after the news release and the hike of interest rates most traders were expecting GBP to get stronger they went long before that's why pure fundamental traders lose money all the time because they speculate and trade on probabilities you know they say buy the room or say the news trade what you see in front of you not what analysts think is gonna happen you know they can be wrong too they speculate you can't imagine how many experienced traders I know that that are now teaching people how to trade and they seem lose money themselves they have a retail traders mindset and trade on speculations just blows my mind in my last video I talked about the trading mindset that you should have to succeed in this game and make high returns like professional do it and I gave some insights on my trading background that can definitely help you you can check it out on the top right of your screen so I took the entry right on the scandal after strong confirmations from the market I was expecting a stop hunt simply because I'm aware of what market makers always do around this time but they didn't build up for it so I was in I know risk reward was in to my favor but that's how I trade risk reward is for the traders that always speculate I'm not in the speculations business I'm in 100% business market smashed through the take profit and continue it for more from my entry market went for 100 pips easily which is huge from on trade I just took 60 pips which is more than enough you can ride it till the end if you want to now do the bad on how much you can make if you trade it down 100 bit move if you got to a point when you have a decent size account and trade with 10 20 30 dots you can make some pretty good returns trading that for me I just like to be in and out I don't want to sit here all day and watch that trade I'd rather be outside having fun and enjoying life you know trading should only be part of your life don't let it control you it is your road to freedom you can be anywhere you want and doing anything you want anytime you want if you just master your trading and your ownself most importantly so alright traders I hope you liked this video I want you to smash a like button right now if you want me to keep making more content and don't forget to subscribe for more videos and smash take profits some say if you subscribe to my channel your win rate will go up to 150 percent I don't know if that's true you should try it and comment below what you think and I will try to put together some stuff that will really be a benefit to you so until next time guys good luck and good trading this is FX 220 [Music]