Full transcript
0:00So , welcome everyone to the Cryptray
0:01channel . Today , we'll be reviewing my
0:04breakeven week and , accordingly , my
0:06trades , which I published on my
0:08Telegram channel via the link in the
0:10description . Here are the trade results
0:12. But to keep things as clear as
0:14possible , we'll analyze them from the
0:17exchange's trade history . I trade on
0:19BNGx , too , via the links in the
0:21description , so we'll analyze them here
0:24from the trade history . I'll explain
0:26why I opened and closed my positions .
0:29And the first question many have is why
0:31I say " closed manually " everywhere here
0:33? It's all quite simple . I'm giving the
0:36market the opportunity to move strongly
0:39in my favor . That is , I'm not setting a
0:41take-profit ; I'm giving myself the
0:43opportunity , or the probability , that
0:45the market will make some aggressive
0:46moves . I'll see that they're aggressive
0:49enough , and I'll be able to achieve a
0:50higher risk-reward ratio . Essentially ,
0:53I open a trade on my laptop and then
0:55monitor it on my phone . So , if
0:57everything's going well , I hold it . If
0:59something bothers me , I just close it .
1:02If I simply don't feel like monitoring
1:04the chart at night or something , or if
1:06I'm distracted , I'll just close it too .
1:09If I can't monitor it , there's no point
1:11in wasting time . I open all trades
1:13exclusively using the Price section
1:16methods and exclusively using classic
1:18price action methods . If you don't know
1:21what that means , a hint will appear
1:23here . An important point is this is a
1:25USDT account . It's not a VST , meaning
1:27it's not a demo account . You can switch
1:29to a demo account here . Again , this is
1:31a USDT account after all . So , let's not
1:34delay and get started . At your request
1:37and in response to a poll on the
1:39Telegram channel , I've added all the
1:41markup to Trading View . So , you can see
1:43the trade here in the list . And then we
1:46look at everything using the trading
1:48view , that is , we look at the results
1:50we achieved . And the first trade , it
1:53brought in $ 204 . Initially , I was
1:55working with a volume that wasn't my
1:57usual working volume . Usually , my
1:58trading volume is three times larger . I
2:01was working with a small trading volume
2:03because I had returned from a
2:04month-long vacation and was slowly
2:06getting into the swing of things . And
2:08the first trade was $ 204 . Why was it
2:11opened ? Again , the chart is clear , the
2:14principle is quite simple . The main
2:16direction is a corrective movement , and
2:18we join in the direction of the
2:20aggressive movement . So , if we look at
2:23this situation , we have an aggressive
2:25downward movement . Next , what do we
2:28wait for after any aggressive movement ?
2:30We wait for a corrective movement . That
2:33is , there is a downward movement , there
2:34is a corrective movement upward . And
2:36somewhere at this point , we need to
2:39find an opportunity to join . Among the
2:41opportunities that I also consider ,
2:42these are , accordingly , price action
2:44patterns . In my particular case , it was
2:47a pinbar to sell . I joined in
2:49accordingly . So , a sell pinbar is
2:52forming , and I expect that we'll
2:54continue our downward movement , because
2:57no trend moves like that . Trends , in
2:59reality , move in a zigzag pattern . Like
3:03this , like that , like that . And so , we
3:07have a real trend . Trends like that
3:10aren't really trends , they're just news
3:12events . But that's already a trend . It
3:13means we have a ton of funds or a ton
3:16of people ready to move in a certain
3:19direction because they have , let's say ,
3:22a certain mood . So , what do we have ? We
3:25have some kind of aggressive downward
3:27movement , and a sell pinbar appears . I
3:29optimize my entry point based on the
3:31pinbar . So , I enter on this spike . I
3:35set my stop-loss with a margin , because
3:36we have high volatility , and the
3:38timeframe is five minutes . I set my
3:40stop-loss with a margin . And as we can
3:42see , we have an aggressive downward
3:44movement . And then this spike was
3:46bought out . So , it turns out that the
3:49lower spike , which , according to price
3:52section action theory , belongs to the
3:54bulls , is bought out , and it turns out
3:57that we have a bearish body , smaller
3:59than the lower spike . In other words ,
4:02there are actually more bulls in this
4:03candle . So , I close my trade . And , in
4:06fact , it was worth it . You see , then
4:07there is an aggressive upward impulse ,
4:09which hits my stop-loss exactly . Most
4:12likely , if it hadn't closed , there
4:13would have been a stop-loss or a
4:15full-fledged risk of loss here . Let's
4:17move on to the next position . The next
4:19position brought in $ 545 . It was also
4:23opened on a five-minute timeframe . And
4:25what was our entry trigger there ? In
4:29this case , our entry trigger was
4:31already the support level . So , it turns
4:34out that we can mark a support zone
4:37here . And as we can see , we had a
4:39rebound here . There was a rebound here .
4:41There was a rebound here . Then the
4:42market approaches this support zone
4:44again , forming an engulfing pattern and
4:47a PPR pattern . Essentially , if you
4:50don't know what that is , it means this
4:52candlestick closed above the high of
4:55the previous candlestick or even faster
4:57. That is , buyers closed above the
5:00sellers ' opening price . This means that
5:03over a five-minute period , more bulls
5:07entered the market than bears .
5:10Accordingly , a decision was made to
5:12open a buy trade . And perhaps , yes , I
5:15probably overstayed my welcome because
5:17we were experiencing an aggressive
5:19upward movement . I thought this
5:22movement would continue , but we
5:24experienced a further downward
5:26correction . So , I essentially lost the
5:28risk of profit , but then the movement
5:31resumed . I saw that we had established
5:33a kind of resistance zone in this range
5:36. And as we approached this zone , what
5:38happened ? The bulls began to emerge . So
5:43, you see , we had a spike , then a spike
5:44, then a bearish candlestick , then
5:46another spike . And the upper spike ,
5:48accordingly , belongs to the bears . If
5:51you're unfamiliar with spike theory , a
5:53hint will appear here . Be sure to read
5:55it . So , I open and close my trade
5:58exactly at the high , locking in a 1 : 2
6:00risk-reward ratio from 12 , which is
6:02great , and the market actually falls . I
6:05could have opened a sell trade , but
6:08again , you see , it's nighttime — it's
6:112:30 a.m. , so , you see , the close is
6:142:22 . So , I decided not to monitor this
6:17position , not to carry it over
6:19overnight , and that's it , I've
6:20completed this trade . Let's delete
6:22these extra levels and zones . They're
6:25pointless for us for now . They're
6:27already a thing of the past for the
6:28market . And now we move on to the next
6:30position . Why did I open it ? Let's look
6:33at the next position . The result for
6:37the next position was $ 735 , which is
6:42pretty good . Here , basically , as in the
6:44first position , you see , we have an
6:46aggressive upward movement . That is , it
6:48looks like this . Then corrective
6:50movements occur . This is where the
6:52fakeout pattern is forming . If you're
6:54not familiar with the fakey pattern , a
6:55hint about it will appear here . Be sure
6:57to check it out . So , we've formed a
7:00fakey pattern . I open a buy trade , and
7:03the market starts moving upward . I'm
7:06also counting on an aggressive move ,
7:08but , as you can see , this isn't
7:10happening . That is , the market is
7:12encountering a resistance zone and
7:14can't break through it . I was still
7:15hoping that we would break through it
7:17by nightfall . That is , a second
7:18opportunity for momentum would appear ,
7:20but a second opportunity for momentum
7:22didn't . Why did I close this position ?
7:24It's quite simple . We have a PPR to
7:26sell forming . It's this candlestick . So
7:30, you see , the bears have completely
7:32engulfed the bulls , closed below the
7:34low , or the sellers have closed below
7:37the low of the buyers . I understand
7:39that something is already going wrong .
7:41Here we see that we have an attempt to
7:43continue this upward movement on the
7:45part of the bulls , but it simply turns
7:47into a spike . And who is the upper
7:50spike , according to spike theory ? It's
7:52the bears . So I close this trade
7:55because there are too many bears in the
7:56market . It has a one-to-two risk-reward
8:00ratio , and I open my own sell trade .
8:02But given that it was already nighttime
8:05, I also closed this position , and the
8:09result on the next trade was plus $ 102
8:12, which is pretty good . I closed this
8:15position , and , as we can see , the
8:16movement continued . But again , it was
8:18nighttime , and if we assume that I
8:20would have opened this trade without
8:22the ability to monitor it , that is ,
8:24I’m not looking at it from the
8:25perspective of waking up at 4:00 a.m. ,
8:27taking the lowest possible price , etc.
8:29No , I’m looking at the actual time I
8:31would have woken up , which would most
8:33likely have been around 9:00 a.m. And
8:35as we can see , I would have been
8:37stopped out at 5:00 a.m. So , instead of
8:41making $ 102 profit , I would have
8:44incurred a full loss . So , the trade was
8:48closed quite wisely and correctly .
8:51Let’s move on to the next position . I
8:52opened the following positions on the
8:54hourly timeframe . That is , we look for
8:57these trades and where they were opened
9:01. So , our next position is $ 1.02 . And
9:07that was on the 27th . Let's look for
9:11the 27th . Here's the trade . Everything
9:16here was as simple and obvious as
9:17possible . We can see here that we have
9:20an aggressive upward momentum . And ,
9:22basically , the market is drawing higher
9:24highs and higher lows in this context .
9:26And what do " higher highs and higher
9:28lows " mean for us ? These are the
9:30criteria for an uptrend . This is the
9:32most basic foundation you should
9:34definitely know if you plan to be
9:37involved in trading . What's forming
9:39here next ? We're developing a PPR
9:41pattern . That is , the same PPR pattern ,
9:44where the bulls engulf the bears , and
9:47then , on the correction , I open my buy
9:50trade . What's happening here ?
9:51Aggressive momentum continues upward .
9:54And with this aggressive momentum , I
9:56close my position because the momentum
9:59is too aggressive . And based on the
10:01lessons on my channel , if our movement
10:03is already too aggressive , then it's
10:05best to close the trade . So I close it
10:07and , as it turns out , take the very
10:09maximum of this trade . This risk-reward
10:12ratio is almost one to four . 1 , which
10:15is a pretty strong risk-reward ratio .
10:18Let's look at what happened next . Okay ,
10:21we'll remove this extra level ; we don't
10:23need it . The next trade resulted in $
10:29193 . What kind of position is this ? It
10:31was also opened on an hourly timeframe .
10:33The same principle : upward momentum , a
10:36buy pinbar forms . I open my buy trade
10:40and stay in this trade for several
10:42hours . That is , 1 2 3 4 5. I'm in the
10:45trade for almost 5 hours . But , as you
10:47can see , the movement is going nowhere .
10:48Most likely , our resistance zone was
10:51this small range that the price
10:53couldn't break through , but kept
10:55touching . So I simply close this trade
10:58and make $ 200 in profit , which is
11:01pretty good . But again , you see , I
11:04closed it on time because I don't argue
11:06with the market . That is , the market
11:08doesn't want to move further up . Oh
11:10well , I closed it on time , I closed it
11:12on time . I wasn't greedy here , I didn't
11:14try to hold on any longer . I closed it
11:15on time , otherwise there would have
11:16been a risk of loss . Instead of a
11:18risk-reward ratio of one to four . There
11:20would have been a risk of loss here too
11:23, if I had been quite stubborn . So
11:25everything was worked out as well as
11:28possible . Next position . The next
11:31position is already $ 1,572 . The risk
11:34per trade has already increased
11:35slightly due to the fact that , well ,
11:37again , the result is positive , and
11:38accordingly , the risks per trade are
11:40also increasing . Why did I open the
11:42next position ? Let's find it . The
11:45principle here is extremely simple . I
11:47opened it because we had a combination
11:51of a pinbar pattern and a PPR pattern .
11:54So , it was a buy pinbar , and also a PPR
11:56. So , the next candle also opened for
11:59us , or gave us an opportunity to join
12:02in the upward direction . But the main
12:05thing , let's say , is impulse , upward
12:07impulse , correction , signal , entry .
12:10That's what we were talking about
12:12structures . If you haven't read the
12:14file about structures , I'll leave
12:16instructions on how to get it in the
12:18link in the description of this video .
12:20Accordingly , we have an aggressive move
12:22further upward . And , accordingly , you
12:24can see that this position was open for
12:27quite a long time . So , I expected that
12:29we would continue this aggressive move
12:32and closed it at 23:12 . So , we see that
12:36I closed the position more or less in
12:38this range . What happened here ? We have
12:41an aggressive impulse . After an
12:42aggressive impulse , you most likely
12:44need to close your trade . Next , a small
12:47candle forms , which serves as our stop
12:49bar . Again , based on the channel or the
12:52video from my channel . I talked about
12:54this . Then we have a fake continuation
12:57pattern that forms , which doesn't
12:59continue to move . And I understand that
13:01it's better to close the trade . That is
13:03, we have a very strong reversal
13:05forming here . Therefore , I close this
13:07trade with a risk-to-reward ratio of
13:09one to two . And so , our deposit is
13:11constantly growing . The next trade is a
13:14plus of $ 2,581 . So , you see , it turns
13:18out that the risks are gradually
13:20increasing due to the fact that there
13:21are profits , and the risk keeps
13:23increasing , increasing , increasing , and
13:25, accordingly , the results are getting
13:27better and better . So , what do we have
13:29here ? The next position , it seems , was
13:31even opened on a four-hour time frame .
13:34Now I'll check my trading journal at
13:36the same time . Yes , it was opened on a
13:40four-hour time frame . And what's the
13:42reason here ? Again , an upward entry
13:43impulse . There is a PPR pattern plus an
13:46engulfing pattern . And I thought this
13:49move would be more aggressive upwards ,
13:52but it wasn't . And you see , I was a
13:55little confused with the entry point .
13:58It turns out that the entry point
14:00should have been right here . Okay ,
14:02we'll delete that . Okay , I missed it a
14:06bit , but I thought the momentum would
14:08continue , and I decided to get in a
14:11little earlier , because if we switch to
14:13the daily timeframe , we've reached the
14:16entry point on the daily timeframe ,
14:19which we have here . And everything
14:21seemed to be coming together , but for
14:24some reason the momentum decided not to
14:27continue aggressively , and we have some
14:30kind of movement against me . So , I
14:33could have optimized my entry point .
14:35And what happens next ? And here we have
14:38this zone that the market couldn't
14:41break through after my entry . So , as we
14:44can see , the market kept approaching
14:46this zone . It can be made wider on the
14:48hourly timeframe . Rebound , movement ,
14:50rebound . We're approaching this zone
14:52again . I decided not to risk it and
14:54thought , " Oh well , we probably won't
14:56break through , so I'll close . " But in
14:57this case , I was slightly mistaken . I
14:59could have held this position and made
15:02a lot more . So , there were several
15:05mistakes in this position . Because the
15:07risk was high , I could have made a lot
15:10more . The first mistake was incorrect
15:12entry optimization . I should have
15:15followed my rules . So , the entry would
15:17have been here already ; even here , this
15:19is a risk-reward ratio of 1. And ,
15:20accordingly , the take-profit could have
15:22been closed on the move , most likely
15:24somewhere around here . Because of this
15:26aggressive candle , I most likely would
15:27have closed somewhere around here . That
15:29would have been a risk-reward ratio of
15:311 to 4. And so , I got a risk-reward
15:33ratio of 1 to 1.5 , as far as I remember
15:35. Well , one to one and a half is still
15:38a significant profit , but still , if I'd
15:40taken a full profit , that would have
15:43turned into something like plus 7,000 .
15:46I also opened another trade yesterday .
15:49I didn't post it on my Telegram channel
15:52because the trade , in principle , was
15:55already a rather small one , but
15:57nevertheless , it brought in $ 178 . I
15:59closed it at 12:00 midnight because ,
16:01again , like the previous positions , I
16:03didn't want to carry it over overnight .
16:05If we switch to the hourly timeframe ,
16:07what do we see here ? An aggressive
16:09upward movement . Here we have a pin bar
16:11pattern forming for a buy . Stop . We
16:14place a stop below the pin bar . So , we
16:15optimize our stop loss slightly and
16:17hold the position . But , as you can see ,
16:19there's an upward attempt , an upward
16:21attempt , an upward attempt , and it all
16:22ends in downward movements . So night
16:24falls , and I decide it's better to
16:26close this position for at least some
16:28profit . I close it for a profit , and
16:30over the course of the night and the
16:32current day , the price moves further
16:33upward . Although my initial target
16:35profit was right at this resistance
16:38zone , and the risk-reward ratio would
16:40have been 1 to 3 with a loss . But again
16:42, in some cases this would have worked ,
16:45in others it wouldn't . So , in hindsight
16:47, we're all , so to speak , smart . But
16:49even if I hadn't taken the actions I
16:51did in the previous positions , it turns
16:53out that we would have succeeded ; there
16:56wouldn't have been profits here , there
16:58would have been losses here . So , even
17:00in this colossal upward movement , there
17:02would have been a loss , there would
17:03have been a loss here . And in some
17:05situations , there would have been a
17:06loss here too ; my deposit simply
17:08wouldn't have grown . The deposit
17:10doesn't grow , the risk doesn't increase
17:12. The risk doesn't increase .
17:14Accordingly , even if I had held on to
17:16the end in this situation , the risk
17:18wouldn't have increased . And , say , I'd
17:20have risked about $ 200 , and I still
17:23wouldn't have made more than I
17:26currently have in my deposit . So that's
17:29the logic , that's the analysis . I hope
17:32everything is clear to you in this case
17:34. If you have any questions , please
17:35leave them in the comments to this
17:36video . I'll try to help and answer
17:38everyone . Happy trading , and bye .