---
title: 'Live Forex Trading & Q&A'
source: 'https://youtube.com/watch?v=DBb7krwm8Vo'
video_id: 'DBb7krwm8Vo'
date: 2026-07-30
duration_sec: 3019
---

# Live Forex Trading & Q&A

> Source: [Live Forex Trading & Q&A](https://youtube.com/watch?v=DBb7krwm8Vo)

## Summary

In this live stream, the host discusses current market conditions, focusing on US30 consolidation, and shares personal updates including a new bike and a weight loss challenge. He provides trading advice on waiting for breakouts, avoiding news events, and emphasizes patience and risk management.

### Key Points

- **Welcome and Housekeeping** [01:14] — The stream starts with greetings, mentions reaching 84,031 subscribers, and discusses issues with the Discord community, working on a solution.
- **Merchandise Idea** [04:04] — The host considers launching merchandise (t-shirts) with sayings like 'Life is short, working for other people sucks' and 'Three line strike'.
- **US30 Consolidation** [05:04] — US30 has been in a consolidation period since July 23rd. The host advises not to trade during consolidation and suggests waiting for a breakout.
- **New Bike Purchase** [06:42] — The host shows his new Trek Rail 5 e-bike, which he bought after a year and a half of research. He encourages viewers to invest in things that make them happy.
- **August Weight Loss Challenge** [09:38] — The host proposes a monthly challenge: he aims to lose 10 kilos (22 pounds) in August, starting at 85 kg (187 lbs). He invites viewers to join with their own challenges.
- **US30 Analysis** [11:04] — The host analyzes US30 chart, predicting a slow fall to the 34,500 area. He highlights that the market is breaking out of the range and advises waiting for a retest.
- **Trading Style: Scalping** [14:23] — The host primarily trades US30 now due to account size, and he prefers scalping for quick trades. He stresses knowing when not to trade, especially during consolidation.
- **Avoiding News Events** [17:33] — The host advises against trading news events, as his win rate is poor. He recommends waiting for the first candle after the news to determine the true direction.
- **Binary Options Warning** [19:08] — He states binary options are gambling for beginners, but experienced traders can use them for quick profits. He does not recommend them for novices.
- **GBPJPY and Trend Lines** [20:57] — The host analyzes GBPJPY, noting a downtrend that broke and is now retesting support. He suggests waiting for confirmation before entering trades.
- **Gold Analysis** [23:13] — He shows a previous markup of gold, indicating a breakout and retest. He predicts gold will slowly creep up to higher levels after consolidation.
- **Trading News Safely** [25:25] — If trading news, wait for the first 20 minutes, then look for big candles and confirm with subsequent candles. Avoid extreme RSI levels (15 or 85).
- **Economic Calendar** [27:01] — The host shows how to find news events on TradingView (right-click on chart) and recommends Myfxbook for an economic calendar focusing on red (high impact) events.
- **Pip Hunter SS Indicator** [28:59] — He promotes the Pip Hunter SS indicator, showing buy and sell signals on the 1-hour chart. He uses it as confluence for his analysis.
- **Support and Resistance Weakness** [31:05] — The more times price tests a level, the weaker it becomes. During consolidation, it's hard to determine which level will break first.
- **Baseline Indicator** [32:33] — The baseline indicator shows a downtrend starting, providing a third confluence for a bearish outlook on US30.
- **Haters and Scammers** [33:19] — The host addresses accusations of being a scammer, explaining that scammers impersonate him. He uses manual comment approval on YouTube to protect the community.
- **Value of Negative Comments** [35:18] — He appreciates both positive and negative feedback, as negative comments sometimes have a basis of truth. He uses them for self-reflection.
- **Osprey Broker** [37:27] — He explains that Osprey is a broker (like an internet provider) needed to trade, and MetaTrader is the platform (like a browser). He offers a demo account.
- **Bitcoin Analysis** [38:04] — He briefly analyzes Bitcoin, suggesting it may continue down a bit before reversing and following a new uptrend.
- **Scalping Strategy Demo** [40:36] — He demonstrates his scalping strategy: draw support/resistance lines, wait for price to trade above moving average and Pip Hunter SS signals, enter with a trailing stop loss.
- **Final Advice on Breakout** [46:09] — He emphasizes waiting for a breakout and retest after consolidation. This is the safe way to trade, as many traders are anxious and might get caught in false moves.

### Conclusion

The host wraps up by reiterating the importance of patience, especially during consolidation. He reminds viewers to wait for a breakout and retest before trading and invites them to join his August challenge.

## Transcript

what up what up what up what up what up hi what's up everybody what's up everybody welcome to the live stream
see me that would be awesome for all of you early birds that are getting the worm today
getting the worm today um um um um good it's all okay can hear well let's go
all right so a couple of things that i want to discuss cover housekeeping items um
uh there's a there's a lot of you guys we are 84 031 subscribers on the youtube channel 031 subscribers on the youtube channel that i started
insane to me and i appreciate every single one of you guys more than you have like the comprehension of comprehending it's amazing so thank you you are the only reason that i am doing this
and you sharing and liking and commenting and all of that is like fire amazing so thank you i appreciate every single one of you guys um another housekeeping item as far as the discord
um i'm i'm desperately working on a solution to fix all of the issues i'm spending away way too much time on it on like in any business aspect if you like focus
on something that generates zero revenue it's not a good business idea but the community aspect of the discord group was the most important thing for you guys it was the most important thing for me it was a place where we can all like
hang out and chat so i'm really trying hard to get this back up and running whether it's back on discord or you know i was considering building an app just for like tma community
i'm working on it so just be patient guys like just stick to in there i'm still gonna be posting the videos in there yeah um
somebody was like hey you should make a cause you guys know the big ass candle candles so i uh i uh i i uh
for t-shirts like apparently youtube has a merch store now and store now and check this out
cute little cute little idea you know tma life is short working for other people suck um you know you got you got your three line strike my favorite formation of all time
the back i don't know focus you know focus fridays so just a fun little idea let me know what you guys think in the chat section or the comment section
and yes brandon us 30 is in a period of consolidation which is why i did my video on how to not get stuck in consolidation it's literally a pain in the ass yes you can trade the range from high to low or low to high
high to low or low to high but it takes forever and it is freaking but it takes forever and it is freaking annoying so when it's consolidating i don't even touch it don't even touch it
don't even touch it um i do not give signals mass where are you guys watching from by the way
chat box also 271 concurrent viewers and 93 uh likes so if you guys can like the stream that
would be awesome uh one second i need to one second one second um i guest as i promised last week during the live stream
but uh it's raining outside like crazy so unfortunately i could not um
unfortunately i could not um i could not i could not bring the special guests to work today
so i got a picture tadam i have officially bought my new bike it is
a very very sexy sexy bike it is the trek rail 5 i'm obsessed with it it is brand new i've never owned a brand new bike in my life
um it was quite expensive but because it's my obsession and my hobby and my passion i figure it's worth spending a couple extra bucks on the thing that you actually want so i have zero buyer's remorse
like i i'm completely yes it feels good it's like it's it was it's
like it's custom made for my body shape so yay my bike all right let's uh let's put my face back down here
and get back into the comments dude seriously i've been shopping for that bike for a year and a half like
looking at different motors like which because it's an e-bike best looking at uh what frame geometry i wanted what terrain i'm gonna be riding like all of the things because it's a big purchase
like it's not a it's it was not cheap at all i invested a lot of money into that bike and it's literally double the price of so that gives you an idea
that gives you an idea um it's it's my thing i like my thing it makes me happy you guys should always makes me happy you guys should always find the thing that makes you happy
once we hit 100 000 subscribers i'm actually gonna like because i've been spending so much time focusing on the youtube channel and not so much time trading uh once i hit 100k i'm gonna be focusing more time trading in less time
to be two maybe three times a week max be focused on trading because the income from youtube is cool
but income from trading is way better so you know and i i need like houses and vacation houses and
you know i need to go travel around switzerland i need to go travel around switzerland to go ride my bike so i gotta do that and and and what else oh yes
it is august correct yes it is august and i would like to propose a challenge to you guys um i challenges at the beginning of months whether it's you know being able to
touch your toes or ten push-ups or you know spending more time learning something a challenge that you focus on for the entire month and this month for me it's a weight loss challenge because i've been you know
i've been carb loading like a crazy person so if you haven't noticed i have this my goal is to lose 10 kilos this month i'm 85 kilos right now which is 187 pounds and goal is to get down to 75
kilos which is 165 pounds which is 22 pounds 10 kilos this challenge month with me challenge month with me just put it in the chat section or dm me
or whatever what challenge you're gonna focus on for the next 30 days cool whether it's trading whether it's whatever just join me in a challenge it's going
to be fun let's get into the charts and do some analysis as you guys can see us do some analysis as you guys can see us 30 has been being an absolute [ __ ] since july 23rd
which is over a week now uh this is why when this first dump happened right here when it hit that same spot versus what it did here i knew we were gonna be
and then it started ranging and i was like all right i gotta make the video on how to not get stuck in consolidation because there was you know signs it can't it can't constantly do this up and down craziness
us 30 is tired it is stuck in a period of consolidation if you've been trading this range up and down good for you you've you got like 15 trades in here because that's how ranged it is
but it's starting to as you can see see we were in the range tightly out of
the range out of the range further out of the range further out of the range so i'm assuming that it's gonna start going down just because
kind of smooth things out see how it's like ah but it's going to be a slow fall it's not going to be a cascading fall
so we might you know get a rejection off of that maybe dance in between here a little bit get some more consolidation we might get down to that next level that 34 500 area
but odds are likely that this is the next target zone next target zone just in my opinion
000 subscribers it pays me for views um it's like cpm and rpm so it's like the cost per melee cost per melee or some latin term that they use
money i make 100 the the subscriber count is pretty much just like a vanity metric but at 100 000 subscribers i get that cool ass plaque that i've been wanting for the last seven years so
yay all my hard work has finally paid off i'm probably gonna hit a hundred thousand in the next twenty this month at the end of this month i'll this month at the end of this month i'll probably be at a hundred thousand
probably be at a hundred thousand um chat there's just a lot of you guys 430 viewers
155 likes just right right down over there there's a like button just click it takes like a half a second i would really appreciate it um
mostly us 30 nowadays because my account size is bigger so i can handle it but when i was primarily trading forex it was only australian dollar us dollar you know it's very consistent with
its trends with its structure with its support and resistance like it's a very consistent 4x pair to trade you know i was getting all of these down moves and just like everything else you know
stuck in a period of consolidation lately but at least with this it wasn't whip sawing like us 30 like it had some decent flow so if you got on a smaller time frame say yeah the 15 minute like you could
have gotten nice nice moves even five minute you know but they're long long moves there's yeah it's just i feel this is why like you have to know when
not to trade because this whole last week trading this whole last week you've been stressing and like seeing these moves go super slow and getting frustrated whereas i have been riding
on my bike every day not focusing on the markets because the markets are consolidating and i don't like to trade it so you have to be prepared for periods like that if you're focused on income from
trading and this stuff is happening and you're you're angry and you're like hunting trades it's gonna cause mistakes whereas if you you know market is moving and then when it's not moving you just
go do something that makes you happy that's a good idea australian dollar us dollar
you started to move didn't you holy moly no movement no movement no movement no movement movement how many pips was that
that's a nice let's see
one-minute chart it is the worst thing to do ever if you're getting into a trade right now it's just i mean what it's probably gonna do and then pull back a bit but
rba rate statement cool because every time i trade the news actually my statistical win rate for trading news is poor to say the best to say the least
there's news events i don't touch it i go on my bike
like when i say patience is super important in day trading look when you we were seeing crazy crazy resistance
crazy crazy resistance and then you know continue down but if this single news event you know if this was the huge start going down now and then this news event is going to
start bringing it up like that's the fake out right there the long wick fake out whatever so this is why you should always wait for the big ass candles the big ass candles tell you what's happening wait for the
news to be over and then that direction will maintain get in on your trade scalp a little piece of it and then go ride your bike
binary options it's literally gambling if you're a beginner if you know your [ __ ] and you're experienced then yeah of the fastest ways to make money in the market
because you're literally just is it gonna be higher or lower and that's it not a certain pip amount um um yeah let's look at gbp jpy
divergence indicator um white line you should be looking for shorts
when we are above you should be looking for long positions right now we're in so no divergences so it's probably going to fall below that
maybe target this next you know where the price was before totally kidding um yeah just an assumption on that
uh to calm down a bit i really i highly to calm down a bit i really i highly highly highly suggest not trading news especially with gj because if you guys remember
remember when the [ __ ] was it it was so bad
god i can't remember it within like a minute and a half gj got over a hundred pips and since that point it's been
the one minute chart around this area and you'll see a hundred pip candle and you'll see a hundred pip candle so news events bro
you also gotta keep in mind trend lines
of support because we were in a downtrend but then we broke through it and now we're retesting a level of support as well as a trend line so those are two scenarios that i would
so those are two scenarios that i would consider
what other prayers do you guys want to see i was seeing gold yeah everyone see i was seeing gold yeah everyone always wants to see gold if you want to be successful with gold this is what i marked up last week
right off man i l i love looking at my charts when i mark them up and then i i don't look literally
came up broke retested got our big ass candle enter in on that big ass candle and just from my markup that i did last week's live stream you know it came down a bit and then
and remember i was saying like just to be safe because it's gold due here here so off of that one call that i did on
on gold it's 85 85 points on gold so let's
okay so
i'd say eventually gold's going to get up here the breakout came down you know huge rally but coming down to get the general trend and now we're probably going to slowly creep up to
here so it's going to be some stupid [ __ ] like this
the first 20 minutes of a news event is like gonna down and then eventually you'll start seeing like okay this is the structure this is the way it's gonna continue if you get
that big ass candle and then subsequent you know big ass candles with it you down um but make sure you're not too high or low on the rsi like if you're in the 15 area
on the rsi and you go in on a short it's a bad idea but if you're like i don't a bad idea but if you're like i don't know 40
alex enzo i use osprey if you go on our discord group i'm gonna or actually just go to the links in the description there's uh there's links to osprey on there i've been using them for over a year i
i've been using them for over a year i haven't had any issues so bloomberg go to bloomberg and you'll see all the news events on there also
do this ready ready you go to any currency pair
and you right click on your chart you can see events right here and it will show you events like news events that are happening like news events that are happening um i don't know why it's not hold on
fine usually there's little bubbles and [ __ ] down here
showing but yeah it you can like hover over it and it'll show you what the news is or you can go to or you can go to what is it my fx book
my facebook economic calendar let me put that in the chat keep it in your you know i don't know bookmarks or whatever or favorites and you will see
in one hour and one minute uh the seco consumer climate report is coming down and it'll show you whether it's high impact news medium impact news or low impact news these high impact news is like the rba interest rate decision
you know it'll impact the price highly at that time at that time so nzd has an employment change in 18 hours uh retail sales in 20 hours like you
only really want to focus on these red ones the red ones are usually the ones that just no lube
i mean there's so many indicators on trading view like there's alternatives to everything if you guys don't have money for you know indicators that's completely fine um
obviously i've been working with pip hunter for a long time like i've been using time hunter for almost two years now so with them and you know promote because it it's honestly great check this out
it it's honestly great check this out like if you put up [ __ ] pip hunter ss
um on a one hour with support and resistance like when it's not consolidating obviously i mean you could have even when it was consolidating you got a
couple of buy signals which could have brought you up to this target zone but now we're breaking through that we're getting a sell signal which is why i you know we might be going down we'll see what happens with this news event
but you you kind of want to wait for the if you're looking at the one hour chart say that first one hour news candle is like super bullish and then you get on your trade i would
wait for the next candle to print like finish printing so wait another hour and you'll see if that momentum continued or if that was the fake out move and the next candle is going to go in the actual direction of the market
so obviously like you've been getting buy signals here the entire time with uh pip hunter ss i'm pretty sure we're done with that period of consolidation finally getting
period of consolidation finally getting a cell signal pushing to the downside and resistance and
the more times the price pokes a level of resistance it gets weaker and it eventually breaks through it's the same thing with support you know it'll
eventually get weaker and break through the issue with periods of consolidation is that it's equally hitting the level of resistance and the level of support
so using that previous logic it's hard to using that previous logic it's hard to tell which one's gonna break first that's why i like indicators they help me make my decisions
for you don't do it
the issue that i have with baseline is is um all of the settings and i leave basically the cloud and the stars but
look you know baseline overlays showing we were in an uptrend during overall uptrend during that period of consolidation but it's coming down and down and down to test that moving average and now we're
starting a new downtrend so this is my third confluence saying that the my third confluence saying that the price is probably going to go down
noticed but um i've got haters i got a lot of haters like people are starting to post youtube videos about how much they hate me and that i'm a
fraud or a scammer which is acceptable and understandable because some people go to telegram and they see the moving average telegram channel which does not exist by the way and they see this like
flashing like you will get dollars in 15 minutes please send us one bitcoin and then they send them one bitcoin and they didn't get the money it it blows my mind that people fall for these [ __ ]
scams and i've had people dm me and they're like you're a worthless human you scammer and i'm like how did i scam you i don't charge for anything and then they reply eat [ __ ] and die
so unfortunately you know i'm getting hate because of scammers um which is also funny because all the the people that are
i have dms from them asking if they could work for me when i was when i made that post about i'm building a team so
you're hiring anyway i'm just gonna stay in my lane streams make videos for you guys because you guys are what's most important to me it so right now we have a community on youtube
construction but this is why i like youtube because i have comments like youtube comments set for manual approval so i have to go in and manually approve every single comment which keeps out the 90 of
pretending to be me trying to dm you i keep those [ __ ] out so that's what youtube comment community so that's what youtube comment community you guys are boss
because i like the negative and the positive comments i like people telling me you know great work and i like people telling me that you know i'm a worthless human being because
sometimes those negative comments have a basis of truth and legitimacy and so i am i really is that true and then i reevaluate everything and i'm like no that's not but you know i
like sometimes it's like with a joke jokes are the best when there's like a basis of truth to it i always make sure that i'm seeing both sides and i'm not like blinders like oh
i'm the best human being on earth everybody should bow down to me i like everybody should bow down to me i like to get the negative criticism as well how you can manage your emotions with trading or just in general
that's going on a t-shirt you are teaching them and they comment you are teaching them and they comment like hates my video so much and they write out this long paragraph of how much i
and then they go watch the other 90 videos on the youtube channel and make a on all of them like that's how miserable that person is
that they have that much extra time in their life and they need to get that toxicity out of their system onto somebody else i feel sorry for these people because them making that negative comment was
the highlight of their day that's depressing for me the highlight of my day is getting on my bike and seeing my daughter seeing my daughter not [ __ ] on somebody else
and osprey is the broker you need a broker in in order to trade on it's like you need the internet to use on your computer so
and your computer would be meta trader for that's the analogy that i'm going for that's the analogy that i'm going with
had a ten thousand dollar move recently it was recently a thirty thousand went thousand dollar move freaking fantastic we're finally like
we had that big ass downtrend period of swing up um i would basically go off up wherever like it's it'll probably continue down just a little bit more but then it'll
just a little bit more but then it'll continue up wherever that happens because this was too up
like right here and starts going back up so that is going to be your new trend and you're going to want to trade that trend line up i mean right now we're at the point where it's probably going to go back up
to its highs and up and beyond that but it's going to probably it's going to probably maintain this trend line up uh osprey does have a demo account if that's what you mean by uh simulator
uh junior there is no best one because it depends on if you're scalping you swing trading uh intraday trading like all everybody has a different trading style
i primarily teach scalping for my trading style so it just depends on what you like the cool thing about it is you get seven indicators so you can literally mess
with everything and find the one that works best for you [Music] no hike and ashy is not good for
no hike and ashy is not good for beginners dude i've honestly over the last couple of weeks
okay let me show you where did i do it
okay so basically literally just going levels of support and resistance and resistance and this is what i do
um here enter a trade ready you're gonna love this [ __ ] guys this is what i do because i'm a scalper ready
enter a trade okay
positions i made three thousand dollars this like that happened in minutes guys minutes
that's why i like scalping i'm in i'm out i'm on my bike minute advocate but it's it's highly stressful even for the most advanced traders
why do i drink so much water and now i gotta pee
ready that was a lot of caps bro all right this is what you're gonna do okay you're gonna whoa
support and resistance lines that you're gonna draw manually like i've taught in 11 of my videos already you're going to do it's going to tell you when to buy and sell at sport and resistance levels the
support and resistance levels you completely ignore and then you're gonna do [Music]
and this is how it's going to work ready you're going to hit a level of support it's going to you know do its supporty thing supporty thing and then you're going to wait
average until the price is really trading above the moving average trading above the moving average or the average on that pip hunter ss candle and you're gonna get your buys and your
and you're gonna get your buys and your back d is gonna be green and like this and then you get in on your position and you have a trailing stop loss basically on this line and it would cross here
okay okay pumpkin okay pumpkin that's that's a great setup
ismal is that a question or a statement
yeah it's like i said it's probably going to touch this it's probably going to touch that if not then it's going to touch that
even though like i said it when it was here right here right that
not 100 certain and i won't get into a trade unless i'm 100 certain so yeah i said it here when we got a nice big fat candle or starting to form and i was like it's probably going to go up
here i could have taken that trade but i'm distracted with the live stream in the comments so it would have been a bad idea for me to do it
the 50 and the
the 50 remove the 100 uptrend downtrend you know green cloud uptrend red cloud downtrend
bearish uh engulfing candles as well as three line strike candles the rd indicator is freaking awesome down in the description
cool i think i'm gonna call it at that um be aware we're breaking out of this period of consolidation right now so if you guys are ready to trade now is the time to start trading and looking
for your positions um um you want it to break out keep in mind ready check this out you want it to break out and retest and
continue up you want a break out a retest and continue down same with the retest and continue down same with the us30 you want it to break this is the safe way to trade guys break out
and retest breakout retest breakout retest we are we were in a over a week-long period of consolidation if you do not wait for the break and a re-test for a long or short position you are
risking your capital so wait for the break and the re-test okay this this was wrong because this was the level right here
god damn it sorry i should stop swearing so much
and continue down that's what you want to wait for guys long periods of consolidation all of these people that have been days ten days are anxious
and hungry for the price to break okay so all of these people retail traders whatever they're waiting for banks to make the move and i don't want you guys to be caught
it does break out of a period of consolidation like this this is a large period of accumulation they're accumulating positions it's gonna go
pretty heavy thanks alex cool um so yeah merch might be coming soon i'm still contemplating it uh 100 000 subscribers
can help me with that by sharing the streams sharing the videos you know forums whatever you guys do what you guys do best i appreciate you i trust your opinion and how you share the content it's fine with me
um august this month is the challenge month i'm trying to lose 10 kilos what's your challenge let me know in the chat or dm me and
easy for me to just go in my closet i need a shirt and i grab a shirt and all need a shirt and i grab a shirt and all my shirts are black be wearing moving average merch
weight when i want to so when i want to so cardio diet fasting all the things cardio diet fasting all the things i'm really good at gaining weight too
alex no i'm in poland right now but i was born in the usa thanks for joining the live stream i appreciate every one of you guys
appreciate every one of you guys bye