#buckybeeing

I check here and haven't done the Facebook life for what player 1 and 2 like to just follow up with some of you about the market and interesting the Republicans and the Democrats have finally came to come to the resolution as a result what happened was that they have finally said okay let's go for the budget and you know what the market has gone up happy and at the other day you know this is what the market is always doing they will give you some worry they will ask you to worry about something which the market is not sure what you do but you know jolly well the federal government will resurface will resolve the budget issue and therefore the matter was happening shut up so to me there's nothing surprised because it had been to this market for a long time but your job is basically ignore all these noise as my good friend Jonathan always said this is the noise to the manor market I would rather have popcorns evening enjoy the show as a trader we always say trade based on what you see not what you think and here's the reason why we like to trade based on what we see so for example if I want to show you this chart and this chart is you know yet weapon was the knurl yen some of you know that the Bank of Japan announced a meeting this morning as I'm as I'm recording this video life on 20th of January this is now 2:15 p.m. Singapore time so a few hours ago the Bank of Japan had announced that make an interest rate announcement nothing happened but at that point you can see there's a violent move of the yang cross this is nothing unusual but after a while it's kind of like settle down nothing happened so it's kind of like noises everywhere so if you trade these or news then you enjoy the ride pretty interesting if you're on the right side and of course you still be interesting if you I'll jump on the wrong side and you worry about oh my god what was happening to my position the YPA will be cut where i have to cut laws etc so there are many ways to trade the market and a lot of people actually who are new to the market or happy in the market for a while but somehow though they approach they attitude to us training this world called the Cambrian mindset in other words they like to predict what the market is doing so let's say in don euro yen here do you see a series of higher highs and higher lows I mean from a technical standpoint if you see a series of higher highs and higher lows so you can low there's a high and there's a low there's a high so this high is higher than the previous high so that is called a high high this low is higher than the previous low and therefore there is a higher low so there is one high high one high alone and then you see another high comes up this is higher than the previous one so this is not high high and this low is higher than the previous low so from a technical outlook you can see that the euro yen cross is actually in an uptrend simply because you see a series of higher highs and higher lows how I do you mean by serious as long as you see one hi hi – hi hi and one higher low to high lows that's rookie now that's good enough for you to decide wow this is uptrend so it is uptrend do you go long go short now you need not have the indicators to tell you simply because if you look at the chart if you had train your eyes to see the highest highs and higher lows that's it you are going for a long you know there's no part of going for a short term shot and shot because the overall trend is up so you can see that the euro yen cross over the last few days have been will consolidate and consolidated which so I'm very curious to see whether you the cross will bring about the previous high and making are the high hat and if it does then obviously I will get long which is like that right okay so some of you can wait some of you said well you know what I can't wait possibly for another week just to Trey because I mean my money coming in so that's the reason why you want to go for shorter term training and for short term trading you obviously would not watch look at our daily chart resent because they do charge will give you only an opportunity once a day hopefully and sometimes the the instrument that you see may not even give you opportunity you say for one week two weeks so what do you do so as a result if you are looking for daily chart you do have to see quite a few charts to keep you occupied and when these tracks give you signal you can't really hesitate or procrastinate you have to put the put the tray based on your rules based on your principles and then you can let go so there are a lot of things you need to go through that's why we say for traders 80 percent of the trading psychology actually we're two percent of the Train success came from psychology it's not about the technical setup because now that the track is going to tell you too long and your little for success oh my god you know what I'm afraid because I'm not sure I'll be right so when I start the TV daily and what happened with Yang is that mr. train so it's not about the fact that you do not know the technical setup it's simply because your little voice once you over your mouth wins over your mind that prevent you from taking the train when you see the trade goes up and then you start shooting yourself I share I could have I would have you know all of this thing will come so you know what training is all based on your client based on your training plan okay it's based on the news that you set and therefore when the rules present to you you've got the opportunity your Roo speech you have to do it and then the next thing is you just let the trade let the market do whatever is supposed to do and you can't possibly ask for anything because the market will decide for you whether you win or loss win or lose I'm sure you turn off distorting many times from different traders so what I want to show you is that I particularly like to Train one thing and I just want to show you because it is not like some kind of stick thing because here you see the chart such a departure when you see a bar chart walking you train of course you can try the inside bar or you can try the outside part but recently I mean I'm kind of like I like this thing called trading based on the doji okay now you look at bad huh and then using a doji they object you talking about candlestick or a bar chart well don't ease and today a candlestick pattern however it is a lot easier to see the pattern why because the bar chart and the candlestick and of this candlestick chart of dou G will be the same what what do I mean by there because you see the low the high and low will be the bar with pintail but then the open and close are so close to each other it becomes a cross so you look at this is no difference between the bar chart and candlestick chart so it doesn't matter which one you turn on I just want to show you couple of opportunities and these opportunities are pretty interesting so I'm not going to look at euro yen I just look at my favorite which is Dow Jones okay so that one's obviously a lot of us have been wondering whether it is still you would go down because the fact is that he has been up up up up up for many many many many many many dates and weeks in fact though John has never ever tested trend the 20-day moving average and honestly for us poor folk for quite a while ready okay but this is not the point the point is that if you look at the doji and see what doji tells you I have come up doji's here so here you've got one okay and some of these dojis are quite long so does you mean don't you guarantee you make money of course not so you've got to really understand where you should put a doji tree so for example if you say okay last week of that last week of last week of December which is to post Christmas holidays and then you say don't you don't you don't you that's reasonable because nobody will really want to trade you eat those period so it is a holiday season I would not want to put to look at those e-trade it just doesn't make sense because the pollen is low and it can be you can be cut you can be cut out very easy okay however when you look at here this is the first training day of 2018 the doji so thinking about it usually when the fund managers come back from holiday why would likely eat them so we will say that during the first week of trading you know won't be a bit careful about the jittery truth because the fund managers have just come back or some of them are still on holiday so I will not want to discount I will want to discount some of the dough cheese during holiday season but I would like you to look at this particular one this one is on the ten of chain and it is a very nice dungeon and this doji invention eventually if you were to enter this trade you have a thousand thousands points why because it is very very straight forward so when you have a doji you can use you can just enter two positions one is to buy go long one is the cell which is to go short I mean you would not know which one is will be triggered until the market gives you the signal right so the beautiful thing about dojin is that you do not need to guess where the market is going you just faithfully put a by stopping a sell stock and when when the ones one is triggered then you just cancel the other one that's it and then you would let the market tells you what to do so the ruse boat-train doji is just to see where years at when you have a doji and this was pretty well on in that beta chart in particular you see oh jeez here and then you just place a buy stop a bit higher than the high of of the doji and the sell stock which is a bit lower than the low of the doji and let the market triggers either side the beautiful thing is that on the next day there wasn't any kept up he was tricked about the height and trigger the high that's fantastic because sometimes the in desk can actually have a jump up or gap down so if you have a doji even though you ever buy and sell stocks it doesn't mean that you be still and the buy stop or the same stuff you may be filled at the higher price or lower price due to the gap so this one on the 11th of June was a very nice signal because there wasn't and yeah so you know what and us right right right and voice yoo-hoo what is a root pertaining to stop loss was the root pertaining to train your stop-loss you have to decide for yourself what it is for me I will just let the train run and you know what when you let the train run you see this is how you make a thousand thousand things this is like two thousand four hundred right 2400 so right now Dow Jones is twenty six thousand two hundred so not one thousand point eight hundred pounds eight hundred points I don't know how to describe it just let us work can you do that okay so that is that's what I will say so some of you may say but you know what I've done I am the be concerned about this doji because it is a bit further away from the twenty ending I know that so therefore why so rude do you train where you place the tray to you concern with the twenty Emmy or are you concerned with the gap between the close I mean the low or the close of the of the candle and doji I made the trade yummy if this is your concern then that's okay so my ruin is basically based on the bar it is the doji pie stops now stop let me trip Larry trigger a trap that's it keep it simple so currently at this one this one also also quite interesting because you see like since the beginning of this year there was a really low doji this is next at 100 okay but on this day 18 Gen a spot of 1 ampere in steel industry by the way so I'm naturally reporting to you and industry so I've got a doji so what happened next I faced the pine stock and Sam Scott obviously they asked me which side will likely be triggered I personally would feel that it is t Long's the buy side because the market is still going up right so when you see a doji here please please a buy stop you know what the next day is also a doji so you have to toe G's in a row but it doesn't matter because on this day my buy stock has to be triggered so I'm not going to put another doji so yesterday actually what happened was that the mock Democrats was still holding on to their to that plan to ask power Trump to to deal with the American Dream and and then when I was about to sleep master was doing ok not so great but when I woke up I know that the dispute has been resolved so Nesta actually were not pretty nicely so to be to be quite frank I ended the train at 68 38 am a test actually there's actually my my my log and as of yesterday 16 906 so 68 3816 906 is approximately 78 points of Nasdaq 100 then of course I've tried my stop already so that this is a break-even trade no matter what how you not do still trailing it so I'm still in this trade 16:30 h2 now 16 906 and you know what the beautiful thing about this is the trick and we still go up the trick and literacy do go up until he decides to come to the stock so this is no g.od trace the one that I liked a lot recently because I just don't like to guess which which way the market is going and I decide that we can let the market tell me what to do and this is a pretty interesting one so there have been some very interesting doji also that occurs or you say all these crosses like I've got here a pound or see how Aussie there was actually at 33 and what happened was that somehow if you place a buy stop you mix some ok and then you may lose it so it does no guarantee that don't you work so just have to understand the fact that when you put that energy trade you just have to manage your stop-loss there's another one arguably is a doji the law wasn't tricking the straw or sugar pie in the end you will stop out so this is just a classic thing that you see I've got you I've got another one I've got some something awesome you're awesome you see there's a touji doji then the long side was trigger the spot loss wasn't triggered ok so you have a doji doji there the second a doji there was no trigger on this so you plant you replace the train replace a deal order here doji and then you've got on you get in and now this so some trades work some trade clusters so what is your plan what is your personal sizing was the real water rules how do you handle the money management obviously have to look at now is various way before we have to be outside so just finding about these parts so you see here at this punky punky we have serious approach in this technology here to take at this point is energy ok so give a doji here what happened is that you would be taking a little bit yesterday but then now you are you don't need to be on loss what you do sense the life isn't it okay so that's what I like especially about the index things as you see there's a doji eh oh and you know what this doji actually was a nice one because this actually last week and then one day to day 30 you see if you play the doji heat if you play if you place a train right now we already in that's about 200 points so he asked me is it possible to make to make money in the market despite the series of doji this is a doji the lost was the south of us trigger boom so the magnet does move but one day or two days the market doesn't move so for those days which doesn't work that's the day which I practically before doji because you cannot forever be not moving so one day the market would be and tune to to this series of Trask you understand the next time when you see a doji what you can do okay so after you enjoy this sherry and there's another way of trading the bar chart or the candlestick without relying on the moving averages Bollinger Bands mattie stochastic RSI and cetera et cetera so there are many ways to trade the market so after you enjoy this one the the one I'm sharing and particularly hope that this one will give me very sorry I hope that this one will give me a very peace in point decent train this is Nasdaq and this one is super super nice I love this Doge so I'm still in the train and then let's see how he goes alright so that's all I want to share with all of you if you have any questions comment let me know what that what they will share with you somehow would be able to show you some more about my trading approach ok Chuang yeah I'm signing off have a good day everyone