Market Holiday Impact on Forex
60sExplains how bank holidays freeze markets, a common pain point for traders.
▶ Play Clip"The title promises a live trading recap, and the video delivers, but with significant filler and tangents that dilute the value."
In this live trading session, the host reviews the week's forex and crypto trades, focusing on EUR/USD, GBP/USD, AUD/USD, gold, and the S&P 500. He explains his technical analysis, entry strategies, and the impact of geopolitical events and bank holidays on market movements. The session also includes a Q&A segment covering topics like Bitcoin investment timing and dollar-cost averaging.
The host reviews the forex and crypto market analysis from Monday and Tuesday, discussing current trades and potential opportunities.
Many banks are on holiday (Germany, England, Canada, Switzerland), so market movement is expected to be limited.
Marked a supply zone and golden zone. Planned to enter on a change of character (CHoCH) in lower timeframe. The trade is in profit with a 4-point risk-reward target, potentially extending to 5.02.
Achieved a 3.9 risk-reward ratio quickly. Expects further downside, with a safe exit at 4.63 risk-reward.
AUD/USD tapped a demand zone, offering a similar opportunity. Gold is uncertain; the host is not taking a trade due to conflicting signals on weekly and daily timeframes.
Took a short trade based on a downtrend and break of structure. Entered on a retracement after missing the initial entry. Watching for a second CHoCH.
Crypto lacks clear structure due to geopolitical volatility. Bitcoin is ranging; no trades taken. The host notes a potential drop to $44,000 based on a yearly fair value gap.
Announces a trading competition with an iPhone 17 prize. Discusses spot vs. ETF investing, best time to invest in Bitcoin (suggests DCA), and the upcoming 'Copy Me' platform.
The host emphasizes patience and high-conviction trading, especially in uncertain markets. He highlights the importance of technical analysis and risk management, and encourages viewers to join his community for more insights.
What is a 'golden zone' in trading?
A key support/resistance area marked on a chart where a trader expects a reaction, often used for entries.
00:04:41
What is a 'change of character' (CHoCH)?
A price action signal indicating a potential trend reversal, often used as a confirmation for entry.
00:04:56
What is a 'fair value gap'?
A price imbalance on a chart that the market tends to retrace to fill before continuing the trend.
00:37:41
What is dollar-cost averaging (DCA)?
Investing a fixed amount at regular intervals to average out the purchase price over time.
00:41:21
What are safe-haven assets?
Gold, US dollar, Japanese yen, and Swiss franc.
00:16:28
What is the difference between spot and ETF investing in crypto?
Spot involves buying the actual asset, while ETF involves buying a fund that tracks the price without holding the asset directly.
00:33:11
EUR/USD Trade Setup
Demonstrates a clear, rule-based entry strategy using supply zones and confirmation entries.
00:04:26Gold's Conflicting Signals
Illustrates the importance of multi-timeframe analysis and avoiding trades when signals are unclear.
00:13:17Crypto Market Uncertainty
Highlights the impact of geopolitical events on market structure and the need for patience.
00:22:37Bitcoin Fair Value Gap
Provides a concrete price target ($44,000) based on a yearly fair value gap, offering a data-driven perspective.
00:37:41Dollar-Cost Averaging Strategy
Offers a practical, risk-managed approach to investing in volatile assets like Bitcoin.
00:41:21[00:15] >> Hi guys, how are you doing? Can you hear me? So just tell me if you can hear me. All right?
[00:35] So you're just going to go to the comments and say and type one comments and say and type one if you can hear me.
[01:07] can see. So another thing is this, let me know where you are attending this live from. Just type the the city and the country.
[01:20] Let me know where you are attending the live from.
[01:37] at the Kenya. Monaco in Monaco.
[01:49] Yomi in Ibadan, Stephen in Port Harcourt.
[02:04] So where are you attending from? Where are you attending the live from?
[02:16] >> We have Oke. Okechi in Port Harcourt. You are Now we're about to start. So what we're doing today is simply looking at what we did last week on Monday, not last week, on Monday. On Monday analyzed
[02:32] Bitcoin analyzed the forest market. On Tuesday analyzed the the forex, the crypto market. So let's see how we actually performed.
[02:44] Okay? The trades I I'm currently in I'm currently in and how they are going in both of them. Now, and possibly the trades that can be taken.
[02:59] Friday, so good Friday everybody. So good Friday everyone. Today is Good Now, because today is Good Friday, if you go Forex Factory, you will see that a lot of the banks are on holidays. The German
[03:13] um in England Bank of England is also on in England Bank of England is also on holidays. And if I let me do this and include all these other countries
[03:31] around the world are on holidays. In Canada, the banks are on holiday. In Switzerland, the banks are on holiday. So the market is not expected to move the way it usually moves. So if you look at today's price action
[03:45] um so this is the beginning of today. This is um This is um the 3rd of April. You can see We've not seen any significant movement since today starts. And if you go to
[03:59] GBP, you will see the same thing including the Australian dollar, you see the same thing. Now, on Monday, we're going to drive get right into the going to drive get right into the charts. I see you Messi in Italy and
[04:11] in Uganda we have Isaac. So I see you guys. So back to the charts. Can I get a better feel?
[04:26] Okay, good. So this fills the screen better. So on Monday for EUR/USD we said I marked out this golden zone. So I marked out this golden zone and I also marked out this
[04:41] So I said this is a supply zone. You can go back to Monday's video and watch it. This is a supply zone. This is a golden zone. And my plan was simply this, if we have a confirmation entry that is a change of character in the lower time
[04:56] frame, then this is a trade I will be taking. Okay, because if you go Let me go to the 4 hours. If you go to the 4 hours, you look at how the market has performed since. So we had this change of character here, meaning that we
[05:09] should expect a downtrend from here. This is actually
[05:26] time frame. I don't know why I'm not seeing it here. Okay, I'm I'm in the EUR/USD. Okay, that makes more sense. So starting from the DXY, let's go to the DXY first. Okay, this is a dollar index, okay? If
[05:39] we go to the 4 hour time frame, you will see that earlier this is a zone we are reaching out for. If you check the upper week, we're This is a very good zone for the market
[05:52] confidence if the market reacts from this zone because of the change of change of character we have here. And we have this massive one daily time frame fair value gap here. So this is zone to look out for. But however
[06:06] the market didn't do that. And if you watch on Monday, I said if we confirm a break of structure here that a retracement to this point is going to give an entry to take this market higher and we are going to target
[06:21] market higher and we are going to target this very top that we have here.
[06:34] know that the euro EUR/USD is more like basically the opposite of the dollar index. So this is EUR/USD. As we the same thing, if I go to the 4 hour time frame, this is the bigger zone that we have been targeting. This very
[06:48] But you can see the market didn't reach for this zone. But it is still an very a very open option because here on this time frame here on on the daily time frame, this is also a daily time frame fair value gap.
[07:05] This one. So and on this card I I keep dropping this then I will be looking for longs so I can go short from here. But what happened is that we had this
[07:19] market make daily um make this higher highs and higher lows. And the break here is more like an indication that this market should trade to this zone and go
[07:33] lower. But I'm only going to take this trade if there is a confirmation entry at this particular zone. If not, we can break above and keep going higher before it down. All right? It's as simple as that. Now,
[07:46] This is what this is the analysis we did on Monday. But if you go if you now go lower I'm now going to the 1 hour time frame I'm now going to the 1 hour time frame now. So on this time frame
[08:04] we have two things happening here. We have the the golden zone from this particular movement downwards. So this is region character. And on this card I was actually following this up and I keep I
[08:18] was dropping the updates as this was happening and when we are entering. So if you look at here this is when we had the of structure above and the change of character below
[08:33] as a matter of fact I was looking at this on the 5 minutes time frame the 15 minutes. So we had a break of structure above here and a change of character here confirms
[08:45] that this market is about to go down. There are two ways to enter this. It's either you enter immediately the break of structure takes place or another thing I do is to still put my Fibonacci from the top
[08:58] to the bottom, especially from this particular last high we have here. And I try to take it at around half of this line. Now, this is more this is more you may likely miss the opportunity if
[09:10] you do this, but where I took it from is from this point. And right now it's been going smoothly. Right? We had a very sweet movement downwards. We had some retracement here. I think this this actually came with
[09:25] when when Trump said he's going to like blow Iran up to the I don't know to So this what actually drove this market down, but it's still in line with our down, but it's still in line with our technicals. And though we're having the
[09:39] um the bank holiday now, I'm still in this in this very trade. It's a 4 point um one 4 points one um risk reward ratio trade. This is my target here. But I believe that this
[09:54] could actually go further down. Okay? This can actually go further down to this particular zone. Okay, here. Which will make it a 5.02 risk reward ratio. But ultimately, if you get a four points
[10:09] as a matter of fact, if you get three, you are very okay with three. I target a minimum of three. If I get four, it's good. If I get five, it's good. But this good. If I get five, it's good. But this is where my my last target is for this
[10:21] entry? Very possible. There could be a second entry if this market retrace because if you look at this market, let me zoom in. That's why I I drew this. We had
[10:35] a 1-hour demand and supply zone here. So, this market could actually do this. Okay, it can still go up from here. And this trade can fail. That is one That is one thing that can happen.
[10:49] Another thing that can happen that will give another entry opportunity is this. If this market goes to this point and gives us a confirmation entry. Again, you guys should know what confirmation entry. On the lower time frame, you have
[11:02] a break of structure here, a change of character here. Then you want to enter here. Target, put your stop loss at the That's I'm put your stop loss above. And take profit still in this zone. So, that will give a second entry if you're
[11:14] So, that is what we what we saw for EUR/USD. For GBP/USD, it was basically the same thing. And this one, I tell you, this one went really really really quick. So, here we have uh we've already achieved
[11:30] um a four points a 3.9 uh risk reward ratio here. And the target is basically four points and 4.63. But like I said before I expect this thing to even go lower. Okay, go lower than this.
[11:47] fact, I'm targeting downward here. But I believe there will be more opportunities to enter this trade before we get as low as this. But this is a very safe place as this. But this is a very safe place to exit this particular trade.
[12:00] And that same opportunity lies here for the So, for this trade, for example if you get a three, you are good, right? You should have taken profits from this particular trade. Okay? But if the market then comes up to
[12:12] the this same place, just like we saw on the EUR/USD, this become another opportunity to look for a confirmation entry a confirmation entry to enter this trade again.
[12:36] to enter this trade right from this particular point. played I played out really really quick and quite smooth. The same thing with one I opened up first. For the Australian dollar, we didn't really get
[12:50] into into um this golden zone, but we tap into this demand zone here. And this is actually quite close. Um the same opportunity lies here for
[13:03] the Australian dollar for those who haven't haven't entered. Now, for gold, gold. As a matter of fact, I've just been watching gold. But I I have not Now, if you look at this, I don't take all the trade. I I like
[13:17] analyze charts, but I don't take every trade. Taking this enough for me for this for this week. Okay? Okay? But if you analyze gold um
[13:29] things is going on with gold. Okay, I had to actually zoom out to look at a lot of things. Now, initially I believe that this here is a change of character. This particular one here
[13:43] is a change of character. Which means that gold is possibly going come down from here. But then again, looking at this chart I'm seeing a totally different thing. Okay?
[13:57] Because on the weekly time frame, the what we have here this um purple box we have here. On the weekly time frame, it is actually
[14:12] wick this candle wick actually tapped into the supply zone and this is what we call a rejection. It tapped into that demand into that demand zone and rejected. So, this my
[14:27] demand zone and rejected. So, this my initial analysis might just be wrong. Because gold may be going up from here. Gold may just be going up from this particular point. What I'm saying is
[14:39] particular point. What I'm saying is that we may or may not see a rejection Because I'm looking forward to a rejection here. We may not see a rejection from this zone. And I might be skeptical seeing a rejection from
[14:53] this particular zone. Because of the sweep that we have here. And the sweep is into the weekly demand zone. And if you look at generally the the general is this. Gold has been very
[15:09] very bullish. Okay? This is a very good retracement for it to continue on its path. And one thing that will that will make it continue on this path is basically what is happening
[15:22] around the world. We know that um US Israel and Iran is having a war. Okay? And in times of war they we have two basic two categories of
[15:34] assets. You have the um risk on assets and risk off assets. So, risk on assets are your crypto, the stock market, and and all and all that and all that. Then um
[15:55] what do they call it? um gold Japanese yen. So, when we have a lot of uncertainties in the world, right? When in times of war and all that money
[16:12] usually flow from this assets these risky assets into the safe So they move into the safe haven assets. The safe haven assets are your um the gold
[16:28] US dollars, Japanese yen, Swiss franc, and I think that's about it. So I believe that with this war ongoing that we might see gold still rally. Gold might rally and take out this all-time high that we have here on the chart.
[16:49] frame. This is what I'm looking at. Okay? I'm looking at we having take this trade, mind you. So, you so you understand. Full risk disclaimer.
[17:01] I saw this. Okay? I saw this. I see that is there's a potential for gold to actually come lower. It's very possible that gold comes lower into where that was my zone
[17:14] comes lower into where that was my zone earlier. there's a very big potential that zone that gold still come into this zone.
[17:27] It's very So, the potential is this for gold, right? gold, right? Um one is that we see it rally from here just as I drew here and up to this point. It could do this
[17:40] its path upwards. Or it could from this point actually go this way, tap into this point, and go higher. Or it could just continue going higher from the point where it is right
[17:55] now. So, gold is one asset that I have not taken a trade on because I'm not yet certain of what it's doing. So, but I do still go to the charts, opportunities for me is it very clear for me to take. If it's not
[18:11] I just keep on doing my analysis on it. But so far, it's been EUR/USD, GBP/USD, Australian dollar, and sometimes I go into Japanese yen. Another Another asset I've been looking at is this
[18:23] um S&P 500. Now, this is a trade also took and Now, this is a trade also took and dropped in the community on Discord. Uh why did I take it? One is that we have been on the downtrend. Now, this
[18:35] might still be very risky. This trade might fail. here. So, one is that if I go to the higher time frame we've we've been having a very good downtrend.
[18:51] good downtrend. So, we having break of structures retracements So, we've been having structures been broken. It's a break of structure here
[19:07] break of structure, retracement, break of structure, retracement. So, normally this should continue. At least to this particular zone. This I have to be careful because I might start seeing a reversal from this zone.
[19:24] But the thing is that if we investigate this you see this particular candle we have here. This one we have here. This is a news candle.
[19:39] We have a very sharp pump. But the thing I noticed is that if you take my Fibonacci and take it from the
[19:51] very this very top. If you take a Fibonacci, take it from to this bottom. to this bottom. There is really this
[20:07] Okay, it did. It did. I thought it didn't. actually is fine. So, we had a tap into the 62 level. But then again,
[20:19] if I go, we still have an order block here. We still have an order block here and a fair value gap here that is still not taken out. Meaning that there's a possibility
[20:37] for this to fill. Again, this is the S&P 500. but anyway, um this is a trade that I am in.
[20:55] entry here. Break of structure, change of character, and a full retracement because I missed this actually. So, I waited for a retracement, and I just entered at a retracement. Now, waiting for the second change of character.
[21:08] Not waiting for the second um change of character for this particular this trade. You might also want you might really want to wait for a confirmation entry before taking this trade. But this
[21:22] rejection I'm seeing here is telling me that okay, it seems that we are good to start going down from this point because this is a very um it's a quite a big rejection even on the
[21:35] 15-minute time frame. So, this is for the chart fire. One of the one of the um stock that closely mimics the S&P 500 is the Nasdaq 100. This are also US um stock and in the
[21:50] on on Discord, I specifically mentioned that if you're taking both of them, you should only take one or if you're taking both of them, you want to split your just basically the same thing that is happening. But for this Nasdaq 100, we
[22:05] have a well-defined break of structure for this particular move here. So, I have a break of structure here. And this one, if we have if you have this market go below this line now,
[22:22] line, go below this line, this line we have like if it goes below this, then it becomes a confirmation entry, and the probability that this goes lower is more confirmed.
[22:37] So, this is basically chart fire. Let's look at cryptocurrencies. Um it's been a crazy I I I keep saying one thing. One thing is that if you're
[22:49] time, if you're trading in this time, this period, especially with this war, uh with the war where we have one day we're having escalation, the next day we're having okay,
[23:02] potential ceasefire, the following day we're having another escalation. This is really really making the market unpredictable. So, for Bitcoin, I've not taken any trade because I'm not yet certain on
[23:17] um with regards to crypto. Even this thing I marked out here is not a trade I certain. Let's look at this from a higher time Let's look at this from a higher time frame.
[23:36] been in this particular range from here to here. actually get to 44,000. It's very possible if you break If you break this level, then the possibility gets to 44,000 is there.
[23:52] >> [snorts] >> or the following week. Okay, but it's it's it's been done. Now,
[24:07] this is a very big candle, this one. This is a very This is this is a the long movement. This movement doesn't have structure at all. It didn't give us this. See what I mean? It did not give us
[24:20] It didn't give us this movement downwards. Okay? It just moved movement downwards. Okay? It just moved down this way. work off of here. The only time that it can be sure,
[24:36] the only time you have it is more probable that this market it is more probable that this market goes up is if this level If this level here is broken to the upside,
[24:50] then it's more probable that the chart goes higher. But we're just ranging in this region. Okay? So, basically, cryptocurrency trading now is this is
[25:03] the same with almost all the all the other cryptocurrency. There's no well-defined structure to trade it. That is why I've been having very few trades in crypto in crypto this
[25:16] self. go higher when we had this break of structure. I will call this an internal broken the main structure here. This is the main structure here. We
[25:31] haven't broken it. So, this is considered an internal structure. this, and we are breaking this. It is an internal because there's no structure that this one broke. There was
[25:46] no structure here like coming down this way that this one broke for we to say we are breaking structure here. So, there there was no break of structure here basically. And this one is also an
[25:58] So, internally, um what do we have? So, let's say we are working off of this internal structure that we have here, which means that uh we should go higher. Okay? But then, what do we have? We have
[26:13] a very large momentum candle here. We had another large momentum candle candles at this point. Okay, basically supporting the downward movement. But over here, we then had a
[26:27] This is This low was not broken. It was just swept swept. When we have a sweep, it's not a guarantee that we are going It is not also a guarantee that we are going lower. It's just a sweep.
[26:43] But looking at this, these are the things I'm inferring from here. Now, I'm going to the 1-hour time frame. These are the things I'm inferring. These are the things I'm inferring. One is that this zone here is called the
[26:55] supply zone. This particular zone was swept. Okay, it was it was it filled basically. It's not a confirmed break of structure.
[27:09] um we didn't take out this. That's how I read as demand as supply zone fill. Supply zone fill might mean that this will go up. Okay? Now, all we have to wait for a simply at this point.
[27:23] So, at this particular sweep down here, this is this was a change of character. Let me call it. So, I'm going I'm now going down to the So, I'm going I'm now going down to the 15-minute time frame. Sorry.
[27:38] structure. It's also an internal break of structure, not a change of character. of structure, not a change of character. And over here,
[27:50] should have a an upward movement from this trade. The probability is just 50/50. We can go higher, we can go lower. That is why I drew this out, but
[28:06] crypto has not been a swift place to trade. The same thing with Ethereum. The same price action happened here with Ethereum. So, this is basically how we traded this week. Hopefully, we'll
[28:22] get more trades in crypto next week. About for um the forest market, the patience paid off. We got into very good trade this week, and we are in in profit. So, what do we do now next now is simply this.
[28:38] a few questions and answer. If you have a question to ask me, just go to the a question to ask me, just go to the comments and just type it. All right? Just go to the comments and type your questions. Now, I'm going to give you an
[28:51] information, okay? We are going to be giving away um wait for this. iPhone 17.
[29:05] guys know. We'll start a trade a trading competition really soon, and the prize will be iPhone 17. So, if you're a trader, you know how to trade, just stand by. You might just be setting
[29:17] up to win an iPhone 17. The details should be out this next week or the following week. And how is it going to go about how we're going to go about it is when the eyes on the stats, the requirement to get in um will be all be
[29:30] detailed out by next week or the following week. So, this is an iPhone's an opportunity to win iPhone 17 if you um if you are trading with me basically.
[29:59] >> And for copy me crypto, we are still we are still building.
[32:30] on how to join will be available from the next week.
[32:43] Discord group, details on how to join will be available will be available um next week.
[32:58] Okay, someone is asking, is it best to invest in cryptos through sports? Um that is actually investing in crypto. Spot trading is is you buying the currency itself. Okay? So, let's say you want to invest in
[33:11] in Bitcoin, you want to buy Bitcoin and hold. You go to the the spot market on buy bit or whatever whatever exchange you trade with. You just buy it there and hold it there. Or you can buy it there and transfer it out from that
[33:25] um your exchange to somewhere else you like. correct. Other way to invest is basically if you want to buy Bitcoin, you can even open your Lukka bank app like your Kuda bank.
[33:38] Th- this one you are buying the ETF. So, you're buying spot ETF. There are many providers now, so you buy it. But in this case, you are not holding the actual Bitcoin or Ethereum.
[33:51] you sell, it's the same thing you will get. But the the it is safe it is safer because finance uh because you are not trying to be the
[34:05] uh because you are not trying to be the one in control of the Bitcoin or one in control of the Bitcoin or you are not Basically, the security of or the safety of the Bitcoin is off you. Or so far as your bank is safe
[34:18] you can buy and sell through them. Hope this answers your question.
[34:30] So, we are going to be in the next um 5 minutes we're running
[34:53] time to invest in crypto? Okay, what is the best time to invest now? the best time to invest now? What I will say is Now, if you Let Let me Let me Let me share my screen again and show you Bitcoin.
[35:05] Um this is Bitcoin. Let's look at the best time to invest, narrative. One is this. Now. So, on the daily time frame
[35:20] So, on the daily time frame what are we having? the guy was started accumulating Solana. I told him as a guy, see, I'm not buying
[35:34] anything until we hit a 70,000 Right. So, in January I said Look at January here.
[35:48] So, it's Come on. Come on. What's happening? So, around January you can see Bitcoin was around 93,000 and 7,000. So, the guy
[36:04] started accumulating. I said, "You know what? I'm not buying until we hit 70,000 This is what I told him around here. Okay, he was like, "Man, guy, you are That this is not going to happen, okay? But you can see
[36:18] just a few weeks from that, we see crypto crashed to what? crypto crashed to what? Below Second, this point is 59,000 dollars, okay? 59, let's call it just 60,000 dollars. It crashed to 60
[36:31] to look at is look at the pattern. Okay? If you look at the pattern, let me start from the from the yearly time frame, so it will make a lot of sense.
[36:44] Now, on the yearly time frame, look at this. asking the question is
[36:59] the question is the question I'm ask- answering is trying to make it make sense to you, okay? So, you're getting extra um extra, what do you call it? Value for
[37:14] just trading this future trading live class. So, if you look at this, this is the yearly time frame. This is 2020, 21, 22, 23, 24, 25, 26.
[37:26] 22, 23, 24, 25, 26. Okay? Now, this thing we have here Okay? Now, this thing we have here is called a fair value gap. is called a fair value gap. This thing we have here.
[37:41] there's a gap between this candle here So, there's a gap between this candle here the bottom of this 2026 candle and the top of this 2023 candle. There's
[37:58] a gap here. This thing is called a fair value gap. So, when you have a fair value gap there's every tendency that the market retraces to to fill it
[38:11] okay? Before moving higher. Which means that it's very possible that Which means that it's very possible that we'll see a 44,000 dollar Bitcoin before Hope that point is making sense to you. So, based on this, we have marked down
[38:27] 44,700. And now, let's now go to the daily time frame and see how the market has behaved since after that since after then. Looking at that looking at this now.
[38:41] This is the daily time frame, okay? So, look at this region over here. we have this region here.
[38:54] Okay? This is basically a range. Then we have this region here which is another range. We have this region here which is also another range.
[39:08] So, the market basically did this. It came up to this point range dropped ranged dropped. dropped. Okay? So, I believe that
[39:25] Now, let's look at the degree of the drop. From this top to this bottom here is a drop from this second top
[39:41] is a 39.9 38.9 let's call it 39% drop. So, and from this top that we have here right now, the top is that we have here right now, the top is not yet confirmed actually. To this one
[39:56] to this 44,000 is a 40 Let's Let's Let's make it 42%. So, this is So, 42% is lying around 44,000 dollars. So, there's very there's high probability
[40:09] that Bitcoin might get to that price. So, that to me is the best pi- is the best time to start accumulating Bitcoin to start buying because we can go higher. Okay? But
[40:26] this is my own analysis. It doesn't mean that it's going to happen this way. Okay? So, what then can you do because you don't know if one, we could go up from here and and never comes down. Secondly, it
[40:38] might come down here and we and we do this and then go up. So, the best thing to do is that from this point is good enough to start doing what we call D A. I don't know if you guys have watched
[40:53] the video. I made a video on nine ways to earn from crypto nine ways to make to earn from crypto nine ways to make money in crypto. I detailed them out based on their um difficulty
[41:07] risk level and what's what's is my other criteria and profitability. Okay? I detailed all of them out. You can go and check that video. One of the thing I said here is DCA dollar cost
[41:21] averaging. So, from this point, if you have depending on how much you want you have, you can start buying maybe every month you buy a portion every month you buy a portion. So, that way if it goes lower, you are averaging yourself in.
[41:36] So, if it goes higher from here, you didn't miss out. If it goes lower too, it's still okay. You're not getting price. So, I hope this very much answered that question. I've dropped that link in the comments to the video
[41:50] on how on the video on on the video on on futures on different ways to make detailed video. I took my time to actually make that video.
[42:04] I believe I've answered your question um Mr. Yummy. I've answered your question. Is there any other question I'm yet to answer?
[42:33] fund. I've not looked into it, so I cannot make a comment on it since I've cannot make a comment on it since I've not looked into it. to uh how do I put it? To step aside from a lot of crypto
[42:48] projects and just focus on trying how to gain the market through trading and a platform. I I I I believe you guys know about the platform I'm building, copy me. Copy me is basically a platform where you connect your account and copy
[43:02] my trades and the and the trades of professionally professional traders have professionally professional traders have been vetted and you can you you you risk management you are in control of
[43:14] um determining your risk exposure to the trades of these persons. It's coming in crypto, it's coming We're starting with crypto first then we extend it to forex. It's about the easiest um platform there. You
[43:27] can just go to copymecrypto.com and join the waitlist. When it's out, you get you get to know. We should start beta testing by the end of this month and two and the whole of May and we should launch fully by June. We want to
[43:41] standard platform. That's why it's taking some time to get done. live. Um
[43:58] on um what you mean by okay. Um how do I put it? Is $10 your risk like you're risking
[44:11] $10 per trade or you just have $10 in total? If you have $10 in total to trade, yes, you can start but it's not um it's it's you take time.
[44:26] If the question is okay to start with, it's okay to start with. So, you really really learn what works, what doesn't work. You can risk $1 per trade. Simply use the FX crypto calculator to calculate your position size and learn
[44:40] and you know how to risk $1 per per trade just to test the waters and know how it works. Then that way you cannot determine how do I load in more? How do I
[44:54] um scale down? But it's okay to start with $10 if that is the question. Profitability, it might take some time. But it is if you're starting out, it's still fine because it gives you the time. You're not risking
[45:06] gives you the time. You're not risking much to learn.
[45:18] direction right now and how does that affect trading opportunities? Yes, the direction. If you look at what I said here earlier, go back to the BTC BTC I'm going to zoom into Oh, there's a lot of things I have here. Let me see if I
[45:33] of things I have here. Let me see if I can delete a lot of them. >> [sighs] >> Okay. So, let's zoom in to the one hour. >> Okay. So, let's zoom in to the one hour. Let me go two hours this time.
[45:49] So, the market is lacking a clear direction. Why?
[46:04] just like I said let me delete some of these things. Let me go to the four hours now again. Just like I mentioned, we have this
[46:19] move. This move we saw here from this point it has no it's a long move. It It doesn't have it's a long move. It It doesn't have structure. So, you can see that inside
[46:33] this particular long move we have here we have been basically ranging inside it. So, basically saying there is no Structure comes when we break below it, then we can now start going down trading
[46:47] down or we break above it and here we now we now shall have a strong a better direction. So, the market direction comes comes comes in when we break below this line
[46:59] or above this line. That is when we have a clearer direction. So, that is your first question. Is the market lacking clear direction for crypto? Yes, it is. But in forex, there are still a lot of opportunities to trade. How does um that
[47:13] affect trading opportunities? So, this now requires a lot of experience from you as a trader, okay? You're basically So, you are trading this range knowing that you know what, if I used to trade with 70%
[47:28] know what, if I used to trade with 70% if I trade with 70 80 90% conviction, know that my conviction level is now reduced to by default to like maybe 60 50 or 50 50 um um
[47:41] um conviction because of basically we are trading outside this range. So, traders might likely see more failing trades because we're just trying failing trades because we're just trying to force trades. If you look at my
[47:55] um in crypto, I haven't I haven't taken much trades. My trades I still have not taken much trade because of this. It's riskier to take trades like this within happening. Okay?
[48:09] So, yes the market So, it takes a lot of experience be able to take trades like this. Just like I said, I drew this but I not know if this is going to hold or not hold
[48:22] because of even if you look at this this zone we had a supply field. It was not a break of structure, okay? We had a liquidity sweep. It was not a break of structure. So, there's no it's not
[48:35] really giving me any clear direction. So, again, it's even within this range, you just have to wait to see okay, let me see wait to see okay, let me see um let me just wait for a a clearer
[48:51] a clearer structure even within that lower time frame to know how to take it. If I had a a confirmed break of structure at this point I might just be looking at okay for for confirmation entry above here to go
[49:06] short. But right now it's not clear are we going higher or are we going lower. we going higher or are we going lower. I hope this answers your question.
[49:18] some people can trade good way it is. Somebody asking I think I've answered the question of um uh investing in altcoins by Yummy. I've uh investing in altcoins by Yummy. I've answered that.
[49:32] Um I think somebody said I should go over gold again. For gold, let's see. over gold again. For gold, let's see. Gold to me is similar, okay? But gold has a clearer stuff than crypto to me. Gold looks very very bullish.
[49:46] Like I said, we tapped into this this particular zone. And initially, I was thinking that if I see a confirmation entry from here, I should
[49:59] go lower. But because I went to the weekly time frame and saw that this here Okay? I became it gave me a different perspective to it. It might be that gold has retraced
[50:15] into this demand zone to pick up orders and right now we are going higher. This is a is a more This here um how do I how do I get it? So, let me
[50:30] let me let me explain this way. So, here we have a change of character. Which means that the way I trade I should wait for a the way I trade I should wait for a retracement to this zone.
[50:44] This particular zone we have here. So, in this golden zone So, in this golden zone I call it the golden zone.
[50:58] this zone. Now, look for an order block or a supply zone within this zone. Then look for confirmation entry
[51:11] if you look here on the one hour, you will see that we we do have a small one hour supply zone here, okay? But again here, we have a four hour sorry, a demand zone rather. We also have a a four hour demand zone
[51:25] here. So, gold can do any of these things. It can from here go higher. Tap into here, retrace. Tap into here going higher from here.
[51:38] So, like I said, um I only trade high conviction trades and that is why you conviction trades and that is why you see me just looking at EUR/USD, GBP/USD, and AUD/USD. Even looking at the S&P 500. These are my high higher conviction
[51:53] 500. These are my high higher conviction trades to take um than gold at this very time. Where is gold again? Than gold at this very time.
[52:15] um can we for copy me? Yeah. Yeah, yeah, copy me is is currently still ongoing. And once it's done you are going to have access to it. Just go and join the wait list using the link in the description or the link in
[52:30] link in the description or the link in the chats. It's a fibi.com/copyme um wait list. Join it and you'll be the first to know Join it and you'll be the first to know when we start. I will also inform those
[52:43] some of you how you can join the beta testing before we launch fully. So, let's have a very wonderful um Easter. It's Good Friday.
[52:58] Enjoy your Easter Sunday, Monday. Bye everyone. And Bye everyone. And and thank you for joining the live.
⚡ Saved you 0h 53m reading this? Transcribe any YouTube video for free — no signup needed.