How to Know Market Direction [Easy]
Рет қаралды 9,795
10 ай бұрынLearn to identify the markets trend direction within about 10 seconds, and with 66-81% accuracy on whether or not it will continue in the same direction.
This is part 1 of a 2-part video series to help you understand that trading in the direction of the trend is monumental towards your trading success.
In this video we learn HOW to identify market direction using highs, lows, BOS, and ChoCh.
It's really simple, and once you learn the probabilities (video two), and how to gather this information yourself, you will not be able to un-see this, and it will make any other method of market direction obsolete.
TIMESTAMPS:
00:01 - Introduction to the the best forex trading strategy
02:28 - 1st Example
12:09 - Chart Data Entry
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📈 CHART SOFTWARE 📈
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💡 VIDEOS TO HELP 💡
How to use the Inside Bar: • Inside Bar Trading Str...
Full Order Block Strategy 151% trading AUDJPY: • BACKTESTING ORDER BLOC...
Supply and Demand vs Support and Resistance: • Supply and Demand vs S...
Gaining 90% in just 2 days: • Order Block Trading St...
Reversal Trading Patterns: • SMC | Forex Reversal T...
35% available on EURUSD this week alone: • Price Action Trading |...
📽️ PREFER A PLAYLIST? 📽️
EURUSD Trading Strategy: • Order Block Trading St...
AUDJPY Trading Strategy: • Order Block Trading St...
XAUUSD Trading Strategy: • Order Block Trading St...
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*PLEASE NOTE*: There are a lot of people imitating my account - there is only one of me: @RealPaulMagee
DISCLAIMER
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched, and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex Market, you should carefully consider your investment objectives, level of experience, and appetite for risk. Most importantly, do not invest money you cannot afford to lose.
@TradeForexwithPaul 10 ай бұрын
Hey guys, if you want to join the Discord group and trade with circa 100 other traders using this strategy (no other strategy allowed), follow this: shorturl.at/hKNTU
10 ай бұрын
This link is broken :(
@therealjeffg 10 ай бұрын
These shorter videos explaining the strategy and the terminology are great thanks Paul
@TradeForexwithPaul 10 ай бұрын
Thank you mate, much appreciated :) Next one is a tiny bit longer, but it's because we look at all the stats
@MoonTrading611 10 ай бұрын
I’ve been into trading and progressing really fast for the last 2.5 months, and you just solidified something I found after 100+ hours of backtesting. Thank you!
@TradeForexwithPaul 10 ай бұрын
Perfect! Keep it up mate. The effort pays off 🙌
@kimondi396 10 ай бұрын
Good to see you back! I have been watching your videos and have learnt so much!
@TradeForexwithPaul 10 ай бұрын
Great to hear mate
@MoonTrading611 10 ай бұрын
You’re a blessing and a good man🙏🏾
@TradeForexwithPaul 10 ай бұрын
Thank you 🙌🤗
@jonathanlee5185 10 ай бұрын
👍Hey! Thanks Paul for taking the time to produce this video and give to us for free. Very gentlemanly of you.👍
@TradeForexwithPaul 10 ай бұрын
You're welcome mate, thanks for watching!
@ALEX-nq1dh 9 ай бұрын
Hello Paul. Thank you for the great video content! Since September 1st, I conducted an analysis on NAS100 on a 15-minute time frame and got the following results: 14 stop losses and only 2 profitable trades with a 1:4 risk-reward ratio. 14 stop losses!
@TradeForexwithPaul 8 ай бұрын
Ouch! No to NAS then!
@jorgesousa3901 10 ай бұрын
Been a while..... But , always TON's of value in the most simplest way.
@TradeForexwithPaul 10 ай бұрын
Thank you!
@devwilltale 10 ай бұрын
Thank u for this video. Please publish videos regularly...its a great help...
@TradeForexwithPaul 10 ай бұрын
Will try to mate :)
@roinek2817 10 ай бұрын
Glad to see you're back, hope health wise you are ok.
@TradeForexwithPaul 10 ай бұрын
Thank you! Getting better gradually 😎💪
@Johndoe-qn9jr 10 ай бұрын
Hope for next video tomorrow :) Thank You maybe some trade breakdowns of trades you taken this week ?
@TradeForexwithPaul 10 ай бұрын
Next video next friday mate :) Not a bad idea. In two currently, got another 3 pending
@e.d.r1546 10 ай бұрын
Really waiting for your next video, I've been using your strategy to try to get funded, it has worked better than other strategies for me. For now I'm 1% up but risking less than 1% per trade.
@TradeForexwithPaul 10 ай бұрын
Well done mate. Someone reached 10 funded accounts within the group recently using this. So good to hear - keep up the good work!
@muhammadadamu6423 10 ай бұрын
Hi Paul, I just wanna thank you for all the knowledge you share. Your way of trading really change my perspective and make me see market better. God bless❤! Finally I recommend that you apply background music on your next content as it was in the last video. Thanks.
@TradeForexwithPaul 10 ай бұрын
Thank you so much mate :)
@michaelaldan4354 8 ай бұрын
Ricky Gervais on trading....no joke... (sorry, im sure you've heard that one 1000 times).....great content bro!
@TradeForexwithPaul 8 ай бұрын
Thanks mate. I'll take that 😅
@marionunes9219 10 ай бұрын
Yo, nice to see you back on YT.
@TradeForexwithPaul 10 ай бұрын
Thank you! Feels good to be back mate
@francoisleclerc8516 10 ай бұрын
This video was awesome. BoS and ChoCh are now really clear. Could you make a video explaining swing high and lows and how they're used in your strategy? Cause when I watch older videos, you seem to sometimes use swings instead of bos and choch for entries, stop losses ans targets. Thanks a bunch, keep it up!!
@TradeForexwithPaul 10 ай бұрын
Thank you! I had to standardise the words I use due to industry know-how so now I just use the terms bos and choch and internal and external (main) structure. All the same thing mate. Apart from BOS / CHOCH give directional bias which is helpful tbh. Ideally you want to target only BOS unless you're familiar with CT and early signs of trend changes
@francoisleclerc8516 10 ай бұрын
If a candle breaks the high (made from previous candle) but ends really bearish, you count that as a retracement or continuation? You're the man !!@@TradeForexwithPaul
@TradeForexwithPaul 10 ай бұрын
Ha thanks mate! In that scenario it's technically a continuation, but I would be very cautious on it as it'd be indicating a trend change. There are a few situations where that will likely occur e.g. an outside bar, or a severe wick and bearish close.
@impression4187 2 ай бұрын
Hey Paul I really like your videos. great way of teaching it simplistically. Was wondering do you ever hold any free discord or meetings so we can get a feel of the FTR before joining. Just don't have enough funds to join right now?
@TradeForexwithPaul 2 ай бұрын
No stress mate. Will run a couple of free webinars soon
@aliiranidoost4106 10 ай бұрын
Now, here's a question, When do you go counter trend? In your past videos, sometimes you start trading againts the main trend(higher time frame) after the first lower time frame choch(you mostly accept a choch with body but you sometimes also accept wick break chochs), you also some times accept the choch on minor structures just like in this video(ofcourse here you are on the daily, Im talking about 15min) as a reversal of the trend but sometimes wait for a choch made of larger move as the main choch. And another question what's your criteria for evaluating order block candles?I have seen you looking at the high and low of the OBCandle and the next candle. Btw thanks alot for the video you are the only legit trader I'm currently watching and respect, I have watched all your videos in the past week so if you need a timestamp I can give it to you, once again man thank for putting your knowledge out for free I really want to support you more than touching a like button but I first have to become a real trader
@TradeForexwithPaul 7 ай бұрын
Thanks very much for the comment mate. Sorry for the late reply! A bit of it comes down to intuition and experience of what holds up and where, but typically speaking you can take most of them and still be profitable. I prefer a body break, but with exceptions for wicks often based on the curvature of price movement on the build up, and if we are in a HTF zone. I'll go against the trend often, but targets need to shrink a LOT in comparison. Currently just working on cutting out my CT trades as I had bad losing streaks a month ago and about 9/10 trades were CT to the HTF
@stewartcook9869 10 ай бұрын
Hi Paul, your videos are really inspirational and a give a great understanding of the way you trade. can I ask... do you use order blocks as targets or trade with the BOS then wait for a ChocH to trade in the opposite direction?
@TradeForexwithPaul 10 ай бұрын
Thank you mate. It's a mix of both. Typically I'll target either a BOS or the next H4 level (Supply or demand). I trade only OB's for entries. m15 is purely the entry timeframe. H4 and daily is really what I trade
@hanisdx 10 ай бұрын
After long long time!!
@TradeForexwithPaul 10 ай бұрын
Too long - hopefully not that long again!
@NB-nk1qy 8 ай бұрын
Hi thanks for the videos. Can I ask what are the must haves when choosing my broker and which forex broker do you currently use?
@TradeForexwithPaul 7 ай бұрын
I have 2 brokers. All low spreads, if any
@joshuaferrara9125 2 ай бұрын
Hi @TradeForexwithPaul I'm going through EURUSD for 2023 on the 4H marking BOS and Choc as you've demonstrated here plus the new rule of body breaks only and moving the line when there's a wick break. I've been marking losers if price Breaks Choc and Adding up winner if it comes to the extreme order block including wick and goes on to touch BOS. It was going fine until June 2023 and then there hasn't been a winner for about 20 possible trades so far as price is very choppy and knocking out CHOC and continuing. I've tripled check this video and your other videos to see if I'm doing something wrong but I'm not from what I can tell. My questions is:m is this correct on your data too? thanks
@Johndoe-qn9jr 10 ай бұрын
Hi your old videos are all of them still relevant to how you trade today ? Thank you
@TradeForexwithPaul 10 ай бұрын
Yes mate, but not the LBO videos - sometimes it would conflict what I do, but this evolved from LBO, so anything Pre maybe 2-3 years ago, not so much; having said all that - it's been an evolution using everything from the past
@Neil167 10 ай бұрын
Brilliant analysis paul, im now only studying pull backs, how to join your discord please
@TradeForexwithPaul 10 ай бұрын
Just follow the link in the description mate 🤘
@lucimilena1 10 ай бұрын
thanks a lot
@TradeForexwithPaul 10 ай бұрын
You're welcome!
@darkcruzan 10 ай бұрын
How does inner structural BoS/ChoCh play into your strategy? Does it depend on where PA is relevant to premium/discount zones?
@TradeForexwithPaul 10 ай бұрын
Premium discount out the window on inner structure. It happens most of the time in premium. I look usually for the break of an inside bar but must be within a HTF zone to get it. Feed it down to the base of supply / demand to ride it right back 👊🤘
@kevtherev8194 10 ай бұрын
SIMPLE IS PROFOUND
@TradeForexwithPaul 10 ай бұрын
Thank you
@SCMcDonLon 10 ай бұрын
Nice.
@TradeForexwithPaul 10 ай бұрын
Thank you
@vittoriojoosten3810 10 ай бұрын
Would be nice to have a link to the ICT videos that detail these concepts in much more depth... Would also be nice to see ICT's intense work acknowledged, using the right vocabulary would also show respect for the Mentor of Mentors.
@TradeForexwithPaul 10 ай бұрын
Hahahaha mate. ICT bs. That guy uses concepts that have been around (and written about) for 30+ years. Not a guru, not the god you think. Learn your own stuff like I've done. You'll need to adapt phrases to market norms like I've done but honestly, just learn to trade properly.
@vittoriojoosten3810 10 ай бұрын
... yet you rob his content ... and you need to sell stuff ... show me you can do better trading than him before saying untruths about him ... he's been showing his accounts, calls and results regularly...and teaching for free... and mentoring and creating millionaires in the process... the market knows real when they see it @@TradeForexwithPaul
@TradeForexwithPaul 10 ай бұрын
So have I... research him.
@vittoriojoosten3810 10 ай бұрын
Have been studying with ICT since 2012... I know what I am talking about, been trading for decades, worked with US funds, worked with brokerages and risk managers in 3 different continents... and now I have seen what real trading knowledge is - ICT has it... Trade more, sell less. @@TradeForexwithPaul
@TradeForexwithPaul 10 ай бұрын
That sounds as realistic as the bs most of his followers spit out. Lets say you're truthful - genuinely, good on you. If it works, it works. But... to lack the emotional intelligence levels and insight into understanding there are more than one ways to skin a cat and it is not just possible but very feasible for more than one person to discover the same way to do something without direct link or communication. I have not learnt from ICT. I am self-taught bar 2x short memberships to retail trading courses 6 and 4 years ago. I learn by doing hence the journey has been long. Now its only because of the odd person who shouts his stuff out on my channel that I have researched some of the background and this chap (or his followers more like) thinks he created 'concepts' that have been around for 100 years. Yep. Not the creator or mentor of mentors.
@lucimilena1 10 ай бұрын
Is part 2 out now? have a great weekend
@TradeForexwithPaul 10 ай бұрын
Thank you! Yes, changed the date slightly to this morning. Have a great weekend, too :)
@Johndoe-qn9jr 10 ай бұрын
How would you trade if you like to have around 5 to 10 setups a week a risk to reward of 1:2 and you would prioritize highest possible winrate ? Thank You
@TradeForexwithPaul 10 ай бұрын
RR of 1:2 i wouldn't take. Set alerts or pending orders if all confluences are met
@henrik4835 8 ай бұрын
What currency pairs is best to use for trading Choch and BOS?
@TradeForexwithPaul 7 ай бұрын
All of them. EU is OK - USDCHF is beautiful, and AU gets less wicky. You need to test them all mate.
@henrik4835 6 ай бұрын
@@TradeForexwithPaul Ok thank you so much Paul. You have any course out?
@ryanwicker6524 10 ай бұрын
Going to help the algo and ask a silly question. I have yet to figure out how to setup and draw the bos/choch template lines.
@TradeForexwithPaul 10 ай бұрын
Aww thank you mate. Not silly. Just get the horizontal Ray. Play about with the settings and use the tab on the left (when selected) to save as a template. Add it to your favourites so you don't need to spend loads of time looking for it
@ryanwicker6524 10 ай бұрын
@@TradeForexwithPaul yeah now I gotta get 100+ data points on SPX.🤣. Thx my man-oh and btw the Europe trip got canceled by gf’s company…
@TradeForexwithPaul 10 ай бұрын
Haa, yeah - they add up! Ah that's a shame mate. I'll be flying across the pond soon anyway. Will do a few traders' meets on tour
@jorgel4867 8 ай бұрын
whats PT in your notes
@TradeForexwithPaul 8 ай бұрын
Pro trend
@lucimilena1 10 ай бұрын
so what are the best currencies with the highest rates for this set up? according to your experience, for london open and New York
@TradeForexwithPaul 10 ай бұрын
London Open - GU. NY - not sure. GU normally reverses. Overall though - AUDUSD, USDCHF, EURUSD, GBPAUD, GPBCAD, USDCAD, AUDJPY, GPYJPY, USDJPY, XAUUSD - pretty much in that order. Timeframes - Monthly, Weekly, Daily, H4, H1 (Rarely ever look at it), m15, m1, tick chart
@ervonHier 10 ай бұрын
🙏
@TradeForexwithPaul 10 ай бұрын
Thank you
@forexfrank4484 10 ай бұрын
who is that breathing so hard ?? LOL
@TradeForexwithPaul 10 ай бұрын
Haha mate it's the heart issue! Tried to cover it with the music 😂
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