# COPY This Prop Firm Simple Trading Strategy with 65% Win Rate ($5+ Million Payouts)

https://www.youtube.com/watch?v=jsUTbjwpFVk

[00:00] This trader has achieved over five million dollars in payouts in his career so far.
[00:03] Three million of which was just last year and today we're going to go through his exact strategy that's allowed him to do that.
[00:09] use order flow, I couldn't use indicators, so I had to adapt to using just what I see.
[00:15] This is something that I kind of got together over the years and this is how I developed my edge.
[00:19] This trader has a 70% win rate and over five million dollars in payouts all while trading from his phone.
[00:26] On this episode of Chart Fanatics, we introduce you to Okala, a world-class prop firm trader.
[00:31] My strategy is called the 80/20 strategy and it's based off the Nasdaq.
[00:37] Over the years, that's what I've noticed is 680, 620, and there's levels in between, but the big ones are going to be 80 and 20.
[00:43] So, I'm looking at the levels and I'm looking at market structure.
[00:48] So, what is that What does that mean? What is market structure?
[00:51] Well, I have two separate forms of looking at market structure.
[00:54] In this episode of Chart Fanatics, we break down the exact strategy by Okala.
[00:59] This strategy allows you to trade
[01:00] multiple times a day, trading straight from your phone.
[01:02] A simple, yet precise, 80/20 levels strategy.
[01:07] The next one I wanted to really show the audience is kind of the same one I showed the first time, where you combine all of these together to get your your entry with no risk.
[01:17] Well, 10 points of risk.
[01:18] Okala in this episode goes step-by-step through his exact process, three separate variations of entry criteria that allows you to get funded and to get consistent payouts from futures prop firms.
[01:31] The next setup, and this is my favorite setup because I love I love short.
[01:35] I hate an uptrend.
[01:37] It's called the repair entry.
[01:40] What that is, very simple.
[01:42] It's basically a Let's take it one step further.
[01:44] I've some live trading segments.
[01:44] Reason why I'm putting my order right here at 48 is because we have all this and so much more in this episode on Chart Fanatics.
[01:56] Welcome everyone back to Chart Fanatics, the go-to channel for all of the very best strategy and concept breakdowns of
[02:02] some of the very best traders in the world.
[02:05] Talking with today a very very special episode.
[02:08] This trader has achieved over five million dollars in payouts in his career so far.
[02:13] Three million of which was just last year, 200,000 of which was just last month, January 2026.
[02:22] And he's done all of that trading just off his phone.
[02:26] And today we're going to go through his exact strategy that's allowed him to do that.
[02:29] It's the one and only Okala.
[02:32] Thanks, Riz.
[02:32] Nice to meet you.
[02:33] Thank you for having.
[02:33] It's a pleasure to have you here.
[02:35] Thank you for flying in for this as well.
[02:36] And it's been a very heavy stacked week for you.
[02:38] Um, so we're very very honored to have you with us today and what a phenomenal, you know, trading career so far.
[02:43] And the crazy bit, obviously, being that you've done all of that from your phone.
[02:46] Just We'll get into later.
[02:48] I know we've got words of wisdom as well.
[02:50] Um, but where should we begin?
[02:51] Uh, well, let's just get right into the meat and potatoes of the strategy.
[02:55] So, you know, I would love to educate everybody, you know, it would uh it's a pleasure.
[02:59] So, my strategy is called the
[03:04] 80/20 strategy and it's based off the Nasdaq.
[03:10] But, with the concepts, you can use them on any instrument.
[03:13] Mhm. but primarily it's for the Nasdaq.
[03:15] Got you. Because these levels I over the years they have worked only on the Nasdaq.
[03:20] Got you. So, 80/20, what does it mean?
[03:23] Well, the Nasdaq moves in uh quarter points.
[03:26] So, but at the very end, we're not talking quarters, we're talking So, let's say it's trading at 25,680.
[03:37] So, I would be looking at these two numbers, 80, and if it was trading at 25,620,
[03:46] I'd be looking at this number. That's where 80 and 20 comes from.
[03:47] Got you.
[03:49] Okay?
[03:51] So, let's say uh the chart is looking like this.
[03:55] It's the New York open.
[03:58] It just opened and we're going into 25,680.
[04:02] Mhm. Okay? I'm a reversion trader. So,
[04:05] I'm looking at the levels and I'm looking at market structure.
[04:10] So, what is that? What does that mean?
[04:11] What is market structure?
[04:14] Well, I have two separate forms of looking at market structure.
[04:17] So, I would look if it's trending up or I would look if it's more of a choppy market.
[04:24] So, let's say let's say it's a choppy market.
[04:26] Great. That's what I want.
[04:28] I want a choppy market. I make all my money doing that.
[04:31] So, let's say it's opening like this.
[04:33] So, you have a candle here, you have a candle here, and you have a candle here.
[04:37] And And it's going into 680.
[04:41] Last two ones. Last two numbers, 680.
[04:44] Okay, great. Now I'm looking to see if it taps 680.
[04:47] Mhm. what is it going to do?
[04:51] It taps it. Boom. And I see an instant reaction.
[04:56] So, you have an instant reaction higher.
[04:59] Okay, I I see that this level is being respected.
[05:02] Mhm. Over the years, you know, that's that's what I've noticed is 680, 620,
[05:06] and there's levels in between, but most.
[05:08] but the big ones are going to be 80 and 20.
[05:12] So, I see that it's respected. Great.
[05:15] That means that I can get in and I don't look for 100, 200, 300 points.
[05:20] I'm just looking to get 15, 30 points.
[05:22] So, So, as soon as this is tapped and I see that that it's giving a reaction.
[05:28] Mhm.
[05:28] I'll take that entry long into let's say 695, 703.
[05:31] Depends how many contracts I put on.
[05:34] So, 695, okay, I take one contract off here, 703, I take another contract off here, and I see that it's slowing down.
[05:45] Okay, I'll set my stop to break even back here at 680, and I'll see where it goes, you know, if I if I can get 100 points out of it, great.
[05:51] If not, then it heads, you know, it heads back down to break even.
[05:56] I get stopped out, and that trade is done.
[05:58] Wow.
[05:58] And what time frame are you looking at when doing this?
[06:01] So, I look at two time frames.
[06:01] And not a lot of people really
[06:07] Use these.
[06:08] Usually, you see guys use like a 5-minute and a 15.
[06:13] I use a 10-minute and a 200 second chart.
[06:19] Interesting.
[06:19] Yeah.
[06:22] So, why 200 second?
[06:24] 200 second because primarily the 10-minute chart, I'll look for the overall structure.
[06:29] Mhm.
[06:31] And the 200 second breaks down that 10-minute chart into three equal parts.
[06:33] Okay.
[06:35] So, you know how you would have a 15-minute chart and a 5-minute?
[06:38] Yeah.
[06:38] Same concept.
[06:41] Understood.
[06:41] And when it came to sort of developing this and putting this together, you know, what was it that allowed you to do that?
[06:46] Was it going through the charts over and over and sort of picking up on its nuances?
[06:49] That's exactly what it was.
[06:51] So, it's So, it's a constant uh constant screen time.
[06:54] I I would put 6, 8, 12 hours a day in the mornings.
[06:57] Um, while I was working, you know, I would always be looking at the charts anyway.
[07:03] Um, and
[07:07] then at night, I would also take time during during that to go over the session, do market replay, and and that's how I really got, you know, these levels and the levels in between.
[07:19] Amazing.
[07:19] And if we just uh I'm just going to draw wipe out some of this.
[07:24] So, let's break it down into just the steps once again.
[07:29] So, if we draw out just some price action here.
[07:31] Okay, great.
[07:33] Let's do it.
[07:33] Yeah.
[07:33] And then we had uh you said 10-minute and 200 seconds, right?
[07:37] Yep.
[07:41] So, I'm guessing the entries will be on the 200 seconds chart.
[07:44] Correct.
[07:44] And then the 10-minute would be your overall sort of bigger picture.
[07:48] Yep.
[07:48] Marking out those levels.
[07:52] So, there you go.
[07:52] So, So, let's say let's say same thing.
[07:55] It doesn't have to be, you know, it doesn't have to be 80's only long or 20's only short.
[07:58] So, So, let's say you missed this this 80 80 buy.
[08:04] For whatever reason, you didn't like it.
[08:05] You missed it.
[08:07] Now it's going it's going higher.
[08:07] It's
[08:09] going to It's going to 20.
[08:11] So, boom, it tapped 20.
[08:11] This is your 20 level.
[08:14] And again, you're looking for that reaction.
[08:17] So, it taps it, then it closes under,
[08:20] and you see that reaction.
[08:22] Okay, this is going to be your entry short.
[08:24] And I always use a 10-point stop.
[08:24] Always.
[08:26] Yeah.
[08:26] That's how I keep my risk under control because if I'm wrong by 10, most likely I'm probably wrong by 50 or 100, you know.
[08:33] I understand, yeah.
[08:33] So, So, this would be my entry short.
[08:38] And I would have, you know, my first take profit, you know, at 15 points, cover my risk.
[08:43] Mhm.
[08:43] And is it always 15 points?
[08:46] At the first initial one, yeah, it's going to be a 15-point take profit.
[08:48] Just just so I cover my risk because I don't trade a single contract.
[08:52] I trade multiple contracts.
[08:54] Okay.
[08:55] So, I would have, you know, my initial risk covered, and then I'm going to see how much I can squeeze out of this move.
[09:01] And And mo- more likely than not, you know, sometimes if it's a if it's a capitulatory move down,
[09:06] Mhm.
[09:06] and then you see that that,
[09:10] know, that sellers got trapped or buyers got trapped and you're moving back up, well, you can squeeze, you know, 40, 50, 60 points just because you get all that all those uh late longs or late shorts trapped into that move.
[09:24] So, in this case, then, so we're we're let's say short.
[09:26] Once you take that first TP, is that when you move to break even?
[09:28] Yeah.
[09:30] Okay.
[09:30] And then do you have a fixed sort of TP2 or is that where you just kind of let
[09:34] No, I kind of I I let it play out because because again, you're you're taking that capil- capitulatory move, right?
[09:41] So, you want to squeeze as many points as you can, but you also want your risk to be covered.
[09:45] You don't You don't want to see I know a lot of guys uh don't do the break-even stop, you know, they let their stop be static, but for me personally, as far as a mental edge, it makes more sense to take that break even stop and and because my model and my entry model allows me to take multiple entries in a day, I'm not worried about this is the only entry of the
[10:09] Well, that was the question I was going
[10:10] to ask.
[10:10] When do you look for this?
[10:12] Is it essentially whenever the levels are being reached or is there a particular time windows that you'll focus
[10:19] I I don't have time windows.
[10:19] Let me rephrase that.
[10:21] I have windows where there's volatility and that's the New York open
[10:27] I try to avoid the lunch hour because usually at that time the really the edge is in volatility and having variance swing your way.
[10:38] Um and having, you know, that statistical edge that that once it taps this, it'll it'll do that.
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[12:39] So, New York open primarily, avoid the lunch hours.
[12:43] Yeah, avoid the lunch hour and and, you know, do your best to stay out of out of slow choppy conditions or slow trending conditions.
[12:51] Got you.
[12:54] And then when it comes to this, you say you take multiple entries.
[12:56] Is there ever a case where I think when it comes to prop firms, it's probably not allowed.
[12:59] Um but are you all always kind of fully out of a trade before you get into the next one?
[13:06] So, let's say if you're in a short and then it reaches the 80 level and you still have a partial there.
[13:11] Well, that's that's that's where that's where you kind of have to make your own
[13:15] judgment call.
[13:19] You know, you you would take the you know, you would take the short into 80 and that's when you would have your break even stop and most of your position at that point is probably off already.
[13:27] So, why not let that last or two two contracts, you know, right?
[13:31] And And if it does, let's say if it does bounce off there, you can always take, you know, 30 or 20 points if it goes back your way.
[13:37] Perfect.
[13:39] And what would you say, you know, this is more of a sort of scalping, you know, very quick moves, I imagine.
[13:42] You have to react quickly as well.
[13:43] You know, would do you have to, in terms of a rule does price have to, once it's gone to the 20 level in this example, does it have to close below for you to then enter?
[13:53] No, no, no.
[13:55] And honestly, it doesn't even have to fully tap it because the mar- the market isn't waiting for a specific level to react off of.
[14:04] You know, if there's sellers piling into into it before it actually goes, you're not going to wait for it to hit 20 after it does 18 and does a 100-point move down.
[14:13] You know what I mean?
[14:15] So so, here's here's a a
[14:18] good example.
[14:20] Let's say let's say you have a market that is going up up up.
[14:23] and it's and you have a strong candle right into 20.
[14:25] All right?
[14:28] Have a strong candle right into 20, but it doesn't quite get there.
[14:29] It stops right It stops at like 1975.
[14:35] Okay.
[14:35] Okay, 1975 and and and you miss your entry.
[14:39] You miss your entry uh short.
[14:43] Well, you're not going to keep this limit order here waiting for it to go back to 20 because you already got that reaction off of off of you know, basically 20.
[14:51] You know, it doesn't have to reach 20 and you missed it.
[14:55] So, you're not going to leave your limit order there.
[14:56] Mhm.
[14:58] So, do you normally have limit orders in?
[15:00] Yeah, I do.
[15:00] Okay.
[15:02] And then when you when it it misses, what do you do?
[15:03] You just wait for the next entry.
[15:05] Understood.
[15:05] Okay, so when it doesn't reach there, it's not a case where you go sort of like kind of trying to chase it.
[15:09] Correct.
[15:09] You will just wait until it hits one of those limits accordingly.
[15:13] Okay.
[15:13] So, literally you'll have a limit at 20 with a 10-point stop already in.
[15:18] Yeah.
[15:18] Based on the limit.
[15:19] Now, now.
[15:20] There this is where, you know, you have you have your mental edge to play.
[15:25] Because let's say, let's say it doesn't have to be 20 on the dot, right?
[15:30] It doesn't have to be 20 on the dot.
[15:32] It could be 23, for example.
[15:33] If it's a strong move and it and you anticipate it going, you know, right past 20 to 23, you can take it there.
[15:39] And you know, that's that's kind of where you have to have your own uh sort of style and edge and and kind of take it take it as the market is moving.
[15:48] Is there anything kind of to help factor that in?
[15:51] Is there anything that you look at to the left, for example, or generally on the day to sort of help understand when you might look for that like you know, that extra room?
[16:02] Uh as far as that goes, I don't have indicators.
[16:04] I don't have, you know, I'm not looking at order flow or anything.
[16:08] I'm just very comfortable with uh reading the actual price and and the movement and the speed of which it happens.
[16:14] Um and that's that's kind of where uh you know, as a trader, you get to
[16:21] grow into your strategy.
[16:24] You get to grow into the instrument and kind of learn exactly when you are right and when you are wrong and when you need to just stay out.
[16:34] Yeah, definitely.
[16:35] I think, you know, to your point then what you're saying is over time as you walk two points.
[16:39] One, you can backtest, obviously go through these levels and see how the price is reacting to them and how often it takes place, etc.
[16:48] Uh but most of all, when you're live testing as well, you'll start to get a more of a gauge of you know, certain factors that would allow price to hit these levels either dead on and then react or where they may surpass slightly.
[16:59] So, you know, with an uptick of daily volatility or the the average daily range expanding slightly higher because of volatility those are probably moments, as you said, with the speed where you might go, "Okay, we might want to go above 20 slightly."
[17:13] versus when maybe the markets are slightly more choppy or slower, you could probably trust to go to that 20 directly and have a reaction up.
[17:18] Correct.
[17:20] So so, and that's this part is all levels.
[17:24] Know, you'll have. This is, this is where you would have the levels part of the strategy.
[17:29] The next part is going to be the actual structure of the market.
[17:33] You know, and I have, I have three uh pieces of structure that I would like to share with the audience.
[17:38] I appreciate it. Yeah, I know, definitely. And let's uh let's get into it.
[17:42] The first one I would like to share, so 80/20 in general is a reversion trading strategy.
[17:49] So, you're not you're not chasing the trend.
[17:52] You're looking for a reaction to go back into the mean.
[17:55] Got you. So, it's a mean reversion strategy.
[17:59] So, the very first one I would like to show the audience is the fork setup is what I call it.
[18:05] So, this is, this is going to be the fork.
[18:10] So, the fork is uh when you are when you have a strong move down.
[18:14] So, let's say you have a strong move down.
[18:17] I mean, off the New York open, you're putting 100, 150 points down.
[18:19] And now you you know,
[18:25] you have that capitulatory move
[18:28] and then you have something like this
[18:30] where you have a wick.
[18:32] You know, and it and it looks like this.
[18:34] You're putting in that that uh long wick
[18:37] uh short body.
[18:38] Mhm.
[18:41] Right?
[18:41] So, now you can kind of see that that, you know, maybe sellers are getting are stepping off the gas and buyers are starting to step back in.
[18:48] So,
[18:50] this is this is where you kind of look for that mean reversion to kind of take care of these late shorts that maybe you got caught like right here or maybe right here.
[18:59] So, this So, this is where the fork comes in.
[19:02] So, you have that strong the strong candle
[19:03] you know, that strong move down.
[19:07] And then you have this.
[19:09] You know, I call this the the initiation candle if you if you will.
[19:15] So, you would look for for this type of setup.
[19:16] And then this is where your entry would be.
[19:18] So, your entry would be this candle here.
[19:20] The very next one after,
[19:26] you know, this is let's say this a 200-second chart?
[19:27] Yeah.
[19:29] This is where your entry would be.
[19:30] You're looking for this candle to test this low right here but not break it and then end up looking something like this.
[19:38] So So, boom.
[19:41] Now you're making a higher high.
[19:44] You you couldn't break this low.
[19:46] And then this is where you would take an entry.
[19:50] Maybe maybe here.
[19:53] Let's say this is Let's say this level is is 23, right?
[19:57] You bounced off 23.
[19:59] And then your entry would be after you couldn't break 23, you couldn't break this low.
[20:05] Your entry would be, let's say, 27.
[20:09] Your stop is at 17, for instance.
[20:13] Mhm.
[20:13] Uh 17's the the just slightly lower.
[20:15] And then you would you start making that reversion high, start cleaning up all of this uh all of these late shorts.
[20:20] And the first TP would be essentially 15 points.
[20:24] So, yeah.
[20:26] So, you'd be looking at uh if I do my math, 42.
[20:26] Great.
[20:26] Yeah.
[20:29] Testing myself.
[20:31] 42 is TP1. Uh once that's done, you're
[20:34] break even. The rest can then either run
[20:36] or Is there a particular length of time
[20:39] where you'll let that run or if you see
[20:40] the market not really
[20:42] continuing with that momentum, do you
[20:43] just look to cut then?
[20:44] Yeah, I I I I would cover my position at
[20:47] that point, you know, if it's if it's
[20:48] starting to do If it's starting to do
[20:50] this and then and then you have another
[20:52] move like this and then you have
[20:54] you know,
[20:55] uh move like this and then and then, you
[20:57] know, it's not really going anywhere and
[20:59] then you're starting to make and that
[21:00] would be a great a great example. Also,
[21:02] before we go into the next setup,
[21:04] um just before we move on. So, as you
[21:06] mentioned, which was my mistake to be
[21:08] fair, which was uh the first section we
[21:10] went through with the actual levels
[21:11] themselves, this is actually now your
[21:13] entry criteria at those levels. Yes.
[21:16] Amazing. Okay, so this was the fork and
[21:18] then uh you said we're going to go into
[21:19] the next one. Let me Let me wipe this
[21:21] out for you.
[21:22] Okay, cool. So, which is the next setup
[21:24] we'll go into?
[21:25] So, the next setup, and this is my
[21:26] favorite setup cuz I love I love shorts.
[21:29] I love I I love shorting. I hate uh an
[21:32] uptrend. So, this is kind of like a a
[21:34] continuation into a a short-term
[21:38] downtrend.
[21:39] Got you. So, you would have Let's say
[21:41] you have this. So, that first setup, the
[21:43] fork, is a mean reversion back into you
[21:47] know, it's a it's a long setup. Yeah,
[21:49] this is a short setup. So, let's say you
[21:51] have this. You have a a strong move
[21:54] lower, strong move lower, strong move
[21:57] lower.
[21:58] And then
[21:59] you're getting that that, you know, the
[22:02] buy up, right?
[22:03] Mhm.
[22:04] But it's not really going anywhere. You
[22:06] know what I mean? Mhm. So, then So, then
[22:09] if you're biased short
[22:11] you would look for something like this.
[22:13] So, you bounced off of 20. You bounced
[22:16] off of 20. Great. You missed this entry.
[22:18] You missed it. You couldn't get it. You
[22:20] were too biased short. Now you have
[22:22] something like this where you have a
[22:24] strong move down, you have a slightly,
[22:28] you know, uh an uptick and you're going
[22:30] into into 80. You're going into 80 and
[22:33] then you have something like this where
[22:35] you have this kind of uh uh
[22:38] huge Not a huge, but a stronger move,
[22:40] like a capitulatory move higher into 80.
[22:44] And then
[22:46] that candle
[22:48] starts doing something like this.
[22:50] Where it puts like this a a a bottom
[22:53] a a long wick with a small body on the
[22:56] other side. Kind of like the fork, but
[22:57] on the other side. Well, then you have a
[23:01] move like this. And now you're kind of
[23:03] building, you know, you went into 80.
[23:06] And now you're kind of building this H
[23:08] pattern. You see it's like a lowercase H
[23:10] like this. Got you. Yeah. Uh-huh.
[23:12] So, now you're building that lowercase
[23:14] H. And you you couldn't really get into
[23:18] shorts here off of 80 because because
[23:21] you don't want to just blindly, you
[23:23] know, short 80. You don't want to do
[23:25] that.
[23:25] Of course. But
[23:27] now you have this rollover.
[23:30] And this you can combine these two
[23:32] things together where where uh we'll do
[23:35] we'll do an H into my third setup, which
[23:39] is the cross section. Okay. Cross
[23:41] section entry
[23:44] section
[23:45] entry.
[23:47] So, with the H, would Is that something
[23:48] you would enter off or is just a pattern
[23:50] you would
[23:50] pat- It's a It's It's a market structure
[23:52] pattern.
[23:53] Okay.
[23:53] The actual entry, which which would That
[23:56] would be the cross section.
[23:58] Mhm. So, then then you have this H
[24:00] forming. And now you're you're still
[24:02] biased short because you have this long
[24:03] move. You didn't make a higher high off
[24:05] of the initial open.
[24:08] And now you have something like this.
[24:10] You have an rollover coming in and then
[24:13] you have this candle.
[24:15] Okay? You have this candle.
[24:17] And then it opens and it goes back and
[24:20] the cross section of these two candles.
[24:24] Do you see that? See how it how it
[24:27] tests the cross section of the breakdown
[24:29] pattern?
[24:30] Mhm.
[24:31] And then it closes and then it touches
[24:33] that that little cross off of Let's say
[24:36] it's off of 80. Off of 80 would be
[24:38] amazing, right? You know, that's that's
[24:40] your level. You want to You want to mix
[24:42] all of these concepts together to get
[24:44] this precise entry so you can keep your
[24:46] 10-point stop.
[24:47] And then it closes something like this.
[24:50] Okay? And and it closes like this with
[24:53] with a long wick. It touched that that
[24:55] cross.
[24:56] And then your entry would have been your
[24:59] entry would have been off of 80
[25:02] on the initial
[25:04] um on the initial tap
[25:08] and rejection. Okay.
[25:09] So, this would be your entry right here.
[25:11] You You You mapped out the cross
[25:13] section. It touched
[27:59] it. It reversed. That would be your
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[30:26] today. Now, let's get back to the
[30:28] episode. Just before we move on to the
[30:30] chart examples then,
[30:31] is there anything that really stands out
[30:33] to you when you were developing this or
[30:35] really putting this together or has have
[30:37] seen from others who try to implement
[30:38] this that is the one of the biggest sort
[30:40] of challenges they have to get used to
[30:42] or be aware of at all? Honestly, it
[30:44] would just be identifying entries.
[30:48] And that's where you have to take every
[30:50] single concept. You would take the
[30:52] levels. You have the levels. You would
[30:54] take the entry criteria, which is, you
[30:57] know, you couldn't break that fork low,
[31:00] right? You couldn't break this and then
[31:01] you started going back higher or you you
[31:04] didn't or
[31:05] identifying, you know, an H setup where
[31:09] you can find like a cross section
[31:10] section entry short.
[31:13] And really
[31:14] mixing everything together to make sure
[31:17] you have low risk, a great entry, and a
[31:21] high probability of success on your
[31:23] trade. So, I'm making making sure every
[31:25] element is there and following the rules
[31:27] accordingly, correct? And what would you
[31:29] say as well like being able to execute
[31:31] with discipline and not over trade? I
[31:34] can imagine
[31:35] in the beginning maybe people falsely
[31:37] identifying maybe entry signals or even
[31:39] criterias for a trade and then maybe
[31:42] over trading. That's probably Is that
[31:44] something that happens, do you think?
[31:45] Yeah, that's that's probably the the
[31:47] worst culprit that I've seen. Is is and
[31:51] myself included, you know, because this
[31:53] model gives you so many entries in a day
[31:55] and the Nasdaq, you know, it's trading
[31:57] at 26,000. You're going to have a lot of
[31:59] entries.
[32:01] People sometimes
[32:03] start overthinking and start over
[32:06] trading. Myself included.
[32:08] Um, you know, over the years you get a
[32:10] lot better with that and and discipline
[32:12] and and knowing your model, but
[32:14] as far as that goes, you know, because
[32:16] this gives you more than than one entry
[32:19] a day, you're tempted to start taking
[32:23] sub par entries. Let's say it didn't tap
[32:26] 80 and you still have an H setup or
[32:28] let's say it didn't tap 20 and you have
[32:30] a fork going into let's say 46. I mean,
[32:34] can it work out? Absolutely. Because
[32:36] market structure is market structure,
[32:37] but the best model, the best entry will
[32:41] always be off of uh, just the core
[32:45] principles and mixing everything
[32:46] together in into one great entry where
[32:49] you can have that 10 point stop and you
[32:51] can really utilize the low risk and make
[32:54] your reward, you know, three or four or
[32:56] five times your your risk. Absolutely
[32:58] incredible. And would you say as well
[33:00] that as you mentioned like the over
[33:02] trading can become a thing
[33:04] and especially taking multiple entries a
[33:06] day. Do you have a specific rules of a
[33:08] number of trades you're willing to take
[33:10] in a day?
[33:11] Honestly, I don't and this is going to
[33:13] sound
[33:14] a little crazy because because guys, you
[33:17] know, they'll have a three trades a day
[33:19] rule or a five trades a day and if I'm
[33:22] if I lose, I'm out. Well, for me, what I
[33:24] like to say is uh, if you're hot, step
[33:28] on the gas. You know, because because if
[33:30] the market is hot and and the model
[33:32] gives you so many entries and ability to
[33:35] take so many entries and you're seeing
[33:36] it clearly, step on the gas, make, you
[33:38] know,
[33:39] make your money. But, um,
[33:42] but saying that, you know, you have to
[33:44] be able to identify when you're not hot.
[33:46] When when, you know, when the market is
[33:48] choppy around, it's not really moving,
[33:50] it's not giving you all the criterias,
[33:52] it's not giving you that structure that
[33:55] you need to to build out your edge on
[33:57] that day,
[33:58] that's when you have to be careful and
[34:00] know when you might be over analyzing
[34:03] and start taking bad entries and start
[34:06] taking entries that that
[34:09] that would not fit every criteria and
[34:13] start kind of forcing the the trade to
[34:15] work and that's when you get into that
[34:17] dangerous territory of over trading and
[34:19] giving back your day or or just starting
[34:22] the day off with with losses. So, with
[34:24] this, do you use
[34:26] uh, static risk like the same risk on
[34:28] every trade cuz of the frequency or to
[34:29] your point when you are hot and you're
[34:31] getting multiple entries, is there a
[34:33] criteria where if you've had a you're up
[34:35] a certain amount on the day and you're
[34:37] still feeling the market,
[34:39] do you look to step on the gas risk wise
[34:41] as well? Uh, risk wise, my risk would
[34:44] always go instead of a point value, my
[34:47] point value stays static. I would just
[34:49] put on more contracts.
[34:51] Okay. Yeah. But that would be based on
[34:53] again that feeling and and sort of how
[34:55] you're doing on that day.
[34:55] Yeah, correct.
[34:56] Got you. And uh, what would you say
[34:57] average win rate that you've experienced
[35:00] with this strategy so far? Uh, it would
[35:02] be safe to say that it's it's
[35:06] mid to low 70s. Wow. Yeah. The final uh,
[35:10] kind of concept I would like to go over
[35:13] with you, Riz, is my uh, as far as
[35:17] uh, entry goes, it's one of my favorites
[35:21] and it's called the repair.
[35:23] The repair
[35:26] entry.
[35:29] What that is, very simple. It's
[35:31] basically a candle with when it starts,
[35:34] it doesn't have a wick on it.
[35:36] Okay. So, a regular market, you know,
[35:38] when it's moving, it'll have something
[35:40] like this, you know, you have you have a
[35:42] candle like this and then you have a
[35:44] candle like like this, but it's it's
[35:47] moving down.
[35:48] And and let's say you have a strong move
[35:51] uh,
[35:52] I would use something like this
[35:53] actually.
[35:55] Let's say you have a strong move down
[35:58] with a with a long wick and and and a
[36:01] and a body like this and the very next
[36:04] candle,
[36:05] you are just going to have a body
[36:09] and it started with a body and no wick
[36:12] on the top. Mhm. You know, it it
[36:14] So, there's a pure selling in that.
[36:15] Yes, correct. It it it had nothing
[36:18] there.
[36:19] Okay? And then you you had something
[36:21] like this. Boom.
[36:23] And all of these examples that we've
[36:25] talked about so far all 200 second
[36:27] chart. 200 second it can it I mean, a
[36:30] 200 second is a third of a 10 minute.
[36:32] So, if that 200 second candle started,
[36:35] it would be the same as the start of a
[36:37] of a 10 minute candle which is the first
[36:39] third of it.
[36:40] Yeah. Yeah. Have you have you noticed
[36:42] anyone using say different time frames
[36:44] or have you really predominantly said
[36:46] stick to these time frames?
[36:47] Uh, for me and and uh, my group of of
[36:51] traders, uh, we all use the 200 second
[36:54] and 10 minute.
[36:54] Yeah. Now, I'm asking cuz in case anyone
[36:56] tries their own thing, be careful, you
[36:58] know? You all just follow what is set
[37:00] out. Uh, but but saying that, you know,
[37:03] that's what works for me, but as far as
[37:06] market structure goes, I mean, the
[37:08] structure you like H setups or forks,
[37:11] they they can be on any time frame. It
[37:13] doesn't really have to be a 200 second
[37:15] or 10 minute. That's how I developed my
[37:18] edge. But you you can see, you know,
[37:19] this same pattern when I'm on a 4 hour
[37:22] or a 1 hour or a 30 minute. I mean, it's
[37:25] structure is structure. It doesn't
[37:26] really matter the exact time frame.
[37:28] Got you. Back to repairs, you know, this
[37:32] So, so you had that strong move down.
[37:34] You had this candle with no wick on it.
[37:37] Well, for me, I see this
[37:40] as a magnet. Okay.
[37:41] That's a magnet for price to revert back
[37:43] into because if you think about it, this
[37:46] no wick, you had no participants that
[37:49] were able to enter on prices above. So,
[37:53] you have all their limit orders that are
[37:55] staying here, here, here, you know, and
[37:58] and they they were never filled. So,
[37:59] there's no participation there.
[38:01] Mhm. So then, you know, now you have a
[38:04] beautiful
[38:06] fork setup happening. You had that low
[38:09] that that didn't break. And now you have
[38:11] this magnet here. Now you have a lot of
[38:14] confluence to take this entry long and
[38:16] maybe even squeeze out more than 15
[38:19] points on your first initial entry.
[38:21] Got you. You keep your 10 point stop,
[38:23] but maybe you take you take a
[38:25] more risk because you have such a strong
[38:27] magnet. You know that these orders are
[38:29] going to get hit. You know that late
[38:31] shorts are offside and and you can take
[38:33] you can take uh, more
[38:36] more meat off the bone on your initial
[38:39] entry. So, this is almost the repair is
[38:41] almost like a target Correct.
[38:43] element and then you would use your your
[38:45] fork setup or your long setup in order
[38:47] to get there. Or would this I guess, you
[38:49] know, in in a short example, would it be
[38:51] the exact same just the other way
[38:52] around?
[38:53] Correct. So, in that example, it would
[38:55] be an H setup to the downside to, you
[38:59] know, to let's say let's say it's it's
[39:01] putting that same move. You missed this
[39:03] this you know, you got this and then and
[39:06] then now you're making that
[39:08] that H setup higher
[39:10] and now you're rolling over
[39:12] and this candle here, this candle had no
[39:15] bottom wick.
[39:17] Had no bottom wick. Got you.
[39:18] Right? So, now you're you got this this,
[39:21] you're making that roll over. You got
[39:22] your cross section. This is your cross
[39:24] right here. You had a candle that goes
[39:26] into it, right?
[39:29] Touch that cross and you're making that
[39:31] H. You got your entry. This was your
[39:33] your entry short. It was off an 80
[39:35] level. Great. And now you have that
[39:38] boom. Now you Now you're using this as
[39:41] your magnet. You got that that first
[39:43] thing, that's your TP, and now you can
[39:45] write it to 20 or whatever, you know,
[39:47] it's an A it's a continuation model. So,
[39:49] you have that rollover, you have that
[39:52] repair, and you also, you know, you had
[39:54] you come the main point that I'm trying
[39:56] to make is you have
[39:58] a lot you have these four things that we
[40:00] talked about, and if you mix them all
[40:02] together, you have a lot of potential
[40:05] entries, and you have a lot of potential
[40:08] magnets where you can make your own
[40:10] judgment call to where, you know, price
[40:13] will revert back into.
[40:14] Mhm. Now, I love that. I think it's a
[40:16] step-by-step process, simple, effective.
[40:19] And what I would say is sometimes you
[40:22] get these strategies which are, you
[40:23] know, sort of scalping in nature, and
[40:27] simple in nature as well, but then
[40:30] sometimes they lack substance, right?
[40:32] But with this one, as you just explained
[40:34] right here as well, as well as previous
[40:36] stuff, but this one in particular, you
[40:38] really showcase how yes, this is simple.
[40:40] Yes, this can be done on your phone.
[40:42] Yes,
[40:43] it still has substance there because
[40:45] you're understanding
[40:46] or trying to understand from the price
[40:48] action, from the the entries in the the
[40:50] patterns set out
[40:52] of what the psychology of the market is
[40:54] is doing, the the psychology of the buys
[40:56] and sellers. So, you know, just to this
[40:58] exact, you know, the repair entry here,
[41:00] or the magnet
[41:02] really highlights that, you know? It may
[41:04] be simple, yes, but we have the
[41:05] substance and the understanding
[41:08] of the market, what's going on behind
[41:10] those candles
[41:12] is really the foundation of the whole
[41:14] strategy, which is incredible to see.
[41:16] Amazing. Cool. So, should we go through
[41:18] the chart examples now? Sure.
[41:20] So, first step, okay? You have your
[41:24] magnets, right? So, if you can if you
[41:26] zoom in, you can see we have that repair
[41:29] right there. You see that no wick?
[41:30] Yep.
[41:31] Great. That wick never that candle never
[41:34] got touched. It got attempted, but it
[41:37] never touched, right?
[41:38] as it doesn't touch, it's still valid.
[41:39] It's still valid. Correct, cuz you still
[41:41] have those those orders sitting right
[41:43] below, ready to go, that never got
[41:45] tapped. The participants never entered.
[41:47] So, so this never entered. So, now
[41:49] you're kind of waiting. You have this
[41:51] this rollover that failed, and then you
[41:54] have that move higher.
[41:56] And then if you can see above here, you
[41:59] know, it's kind of cut off, but but it
[42:01] went right to 720 and did that
[42:04] rejection. Yeah. Right? Did that
[42:06] rejection, and then what do you have
[42:08] next?
[42:10] You have this candle.
[42:11] But overall, it's an uptrend, right?
[42:14] You're trend you're kind of trending
[42:15] higher. Mhm.
[42:17] So, you have this candle here,
[42:20] which is a repair candle. It's a magnet.
[42:22] Yeah. And you have this candle here
[42:24] that's also a magnet. Price is kind of
[42:26] reverting back.
[42:28] So, what's next?
[42:32] So, at
[42:34] that repair is at uh 615 or so, or 610.
[42:39] Interesting, yeah.
[42:41] So, look, next next next up, we have
[42:45] that repair still right here, right? Our
[42:47] magnet. We have a candle low that goes
[42:51] into it. Yep.
[42:53] Swipes it.
[42:56] Takes that takes those orders.
[42:59] And then what's next? We have that
[43:00] strong candle,
[43:02] long wick, low body, swipe that repair.
[43:06] And then we have the next candle that
[43:08] couldn't break that low. Yeah. We have a
[43:11] a fork setup forming,
[43:14] and that's where our entry is.
[43:16] Mhm. So, we have that 620. We're above
[43:19] 620. We got that repair. We have that
[43:22] fork entry. What would be our target?
[43:25] Our target
[43:26] right? Correct. The magnet we didn't
[43:29] clean up. So, next, what do we see?
[43:33] We had that strong move lower. We had
[43:35] that fork. We took out this this repair.
[43:39] We got our long entry. We have our stop
[43:42] set under the low, right? Our 10-point
[43:44] stop.
[43:47] And now we're targeting this. And on the
[43:48] chart, you can kind of see what
[43:50] happened. We we shot up right through it
[43:53] and into that into that um
[43:56] repair.
[43:58] Amazing.
[43:59] And
[44:00] with the EMAs, is that an EMA or is it a
[44:03] Yeah, it
[44:04] it just it it happened to be on the
[44:06] chart, and I couldn't figure out how to
[44:07] take it off. But I don't actually use
[44:09] it, no. No.
[44:11] Yeah. So, that that would be, you know,
[44:13] kind of everything together in one
[44:17] uh setup.
[44:18] Okay, Riz. Now, let's let's go over kind
[44:21] of my H pattern setup. So, this is
[44:24] I believe off New York open, you had
[44:27] that strong move down. You had this
[44:29] candle
[44:30] down into 20s. You bounced off the 20s.
[44:33] You kind of see you bounced right off of
[44:35] 20. Mhm.
[44:37] And now you missed this long. You didn't
[44:38] take this long. For whatever reason, you
[44:40] didn't take it.
[44:41] Maybe all the setups weren't there, or
[44:43] maybe you just weren't feeling it. Well,
[44:45] now you kind of have two options. You
[44:48] can either
[44:50] stay out of the market,
[44:52] wait for price to to form another
[44:54] structure, or you can
[44:57] kind of look for a continuation
[45:00] back into So, you can either go for a
[45:01] reversal back, you know, take out these
[45:03] these
[45:05] these late late shorts on a reverse on a
[45:09] reversal off the 20s, you missed it.
[45:11] Well, now what's next?
[45:13] Well, what's next is you can kind of see
[45:15] as the market is is forming another
[45:18] structure, right? You kind of see that
[45:20] rollover pattern. You had that sharp
[45:23] move higher with it with a wick into it.
[45:26] Uh into into these 80s.
[45:29] And now you're you're building out that
[45:32] that H into a continuation
[45:36] of the lows. And that's what the H is.
[45:37] It's just a continuation of a short-term
[45:40] downtrend. So, where would you look to
[45:42] execute on the
[45:44] on this trade? So, for this one, I would
[45:45] look to execute So, so you had that
[45:49] wick high. You broke below 80s, right?
[45:53] So, you had those sellers come in. And
[45:55] then you had a retest with this candle,
[45:58] a retest of these 80s. So, so this is
[46:01] this would be like a level setup and
[46:03] using
[46:05] this market structure to take this entry
[46:08] short off the 80s. This would be your
[46:10] entry short right here off the retest.
[46:13] And then, you know,
[46:14] continuation, you take your 15 points.
[46:16] Obviously, this one was good for 100
[46:18] points. Yeah. And so, if you're getting
[46:20] in off the 80, would you have the the
[46:22] stop at the 190? Yeah. Yeah? And and you
[46:25] can see, you know, off off the retest,
[46:27] you never you never saw 190. You know,
[46:29] you you saw like 185 at at max.
[46:34] Perfect. Yeah.
[46:36] And the next the next setup, you know,
[46:38] one one of the the key setups that we
[46:40] had is the cross-section entry. Mhm. So,
[46:44] on the cross-section, it doesn't always
[46:45] have to be an H to enter off the cross.
[46:48] It's just a continuation of of a either
[46:52] a trend or or or a reversion. It's just
[46:54] an entry model that you can look for.
[46:56] So,
[46:57] what you can see here is we had these we
[46:59] had this
[47:00] wick low. We couldn't break that low,
[47:02] and now you're putting in these candles
[47:04] higher.
[47:05] Right? You you have these two strong
[47:07] candles higher, and you have that
[47:09] cross-section between them. Mhm. It's
[47:11] also a 20 level, right? Yeah. So, you
[47:15] have these two candles, and you have the
[47:17] 20 level. The you know, you're stacking
[47:19] you're stacking those two things
[47:20] together.
[47:22] So, my entry would be at this
[47:25] cross-section and 20.
[47:27] So, let's see what happens next. What
[47:29] happens next is
[47:32] we had that move.
[47:34] You know, we had the the move into the
[47:37] cross-section. It tapped 20,
[47:40] 23,520. And what happens is you had your
[47:44] your entry. You entered in, and you
[47:46] never even saw like three points of
[47:49] drawdown. You know, you never even saw
[47:51] your 10 points.
[47:53] It didn't go against you more than more
[47:55] than five, I would say here, and you had
[47:57] that, you know, sharp move higher, a
[47:59] continuation of the trend.
[48:01] So, you know,
[48:02] the next the next one I wanted to really
[48:04] show the the audience is kind of the
[48:08] same one I showed the first time, where
[48:09] you come combine all of these together
[48:11] to get your, you know, your entry with
[48:14] no risk. Well, 10 points.
[48:17] Yeah.
[48:18] So, here, what do we have? We have a an
[48:21] 80 level. We have a cross-section here
[48:24] of these two breakdown candles.
[48:27] And you're going right back into it. So,
[48:28] remember, this is a reversion model,
[48:30] right? So, you're going back into like
[48:33] this
[48:34] you know, you wanted to see a
[48:36] continuation lower.
[48:38] So, you have reversion back, and then
[48:40] reversion back, and etc.
[48:42] So, what happens?
[48:43] Well, we have kind of this H that played
[48:46] out, right? We have this H that played
[48:48] out. Now, you're going back, and you
[48:51] have
[48:52] the two things we talked about, with the
[48:54] cross-section and 80. So, what So, what
[48:57] do we do? Let's zoom in.
[48:59] So, you have
[49:01] this here. Your entry would be at the
[49:03] cross-section and at 80. It taps it.
[49:06] It's right at 180, right?
[49:08] It taps it, and you're instantly in
[49:10] profit. You know, your first TP hit
[49:12] already. You never got close to your 10
[49:14] points.
[49:15] Your first TP hit.
[49:18] And, you know, you have a continuation
[49:20] down into
[49:22] uh I wouldn't call this a repair, but,
[49:23] you know, definitely a small wick. And,
[49:26] you know, you you grabbed 100 points off
[49:28] of that.
[49:29] And with that, in terms of uh
[49:32] the number of contracts you would take,
[49:33] obviously, I guess it would depend on
[49:34] the account size and you know, profit
[49:36] you might be be in already. But let's
[49:38] say if you have, I don't know, three
[49:39] contracts. And uh you've hit TP1, are
[49:42] you taking one off or are you taking
[49:44] sort of a bulk or majority off and
[49:45] leaving just one smaller runner? I go
[49:47] like this. So so if it if it is three, I
[49:51] would two I would take two off at 15,
[49:54] cover my risk completely. So no matter
[49:56] what I'm I'm a winner on that trade. And
[49:58] one I would I would kind of trail out.
[50:00] But if it's in multiples of two, let's
[50:03] say,
[50:03] Yeah. like two, four, six.
[50:06] Let's say it's it's four contracts on
[50:08] that trade. I would take two off
[50:11] initially, so half the position, then a
[50:13] quarter off, then the last one, you
[50:14] know, you would you know, that the
[50:16] quarter would be at let's say 30 points.
[50:18] And then the last quarter would be at 60
[50:21] or whatever. Got you. So it all depends
[50:23] how much you're sizing into it. Again, I
[50:25] don't trade just a single contract. I
[50:26] trade multiple. You know, if it's two, I
[50:29] would take, you know, that first that
[50:31] first one off at 15 or 12 and a half. I
[50:33] mean, it it all depends on exactly how
[50:35] strong that move is, but
[50:37] and then the other one I would set to
[50:39] break even no matter what, it's a
[50:40] winning trade. Perfect. And um
[50:42] and just that So at the end of the day,
[50:45] the the prop firm game and live trading,
[50:48] it's it's similar, but you have to play
[50:50] on by different rules. So you know,
[50:53] while live trading rewards having those
[50:55] humongous runners, prop trading with
[50:57] consistency rules does not.
[50:59] Mhm. So you you're you have to be okay
[51:01] with these base hits that stack up with
[51:03] with consistency and uh and getting to
[51:06] that payout. That's an interesting one
[51:08] actually because the nature of this is
[51:09] that you'll
[51:11] be in the move with a nice tight stop
[51:13] and you should be able to, you know,
[51:15] especially if you're hitting that sort
[51:16] of 15, 12 and a half to 15-point uh
[51:18] target, you're able to get out and be
[51:20] break even. And do so do still even in
[51:23] that scenario have to be mindful of if
[51:24] it runs quite nicely and even if it's a
[51:27] partial,
[51:28] if the drawdown amount, you know, the
[51:30] trailing drawdown amount could start to
[51:32] shift where even then if it was to pull
[51:33] back, so then you you start to scale out
[51:35] more or make a decisions accordingly.
[51:37] Well, luckily, you know, a lot of a lot
[51:39] of firms have kind of went away from
[51:41] that trailing drawdown. It's it's more
[51:43] end of day where you can have
[51:45] uh where you can have those runners and
[51:47] and make that money, but
[51:49] as far as the consistency rule, I mean,
[51:51] that's up to the trader. If you if you
[51:53] can, you know, you look at your own
[51:55] stats. If if on average per day you make
[51:58] four or 600, 300, whatever, and and you
[52:01] have a $3,000 day, well, chances are you
[52:04] you blew out your consistency and it's
[52:06] going to be very difficult to to make
[52:09] that profit target and and reach the
[52:11] payout. So you have to be mindful of the
[52:13] consistency rule of every single prop
[52:15] firm if they if they offer one. If if
[52:18] they don't offer one, I mean, if they
[52:19] don't have one,
[52:21] then yeah, sure, let those runners go,
[52:23] you know, squeeze as much as you can out
[52:24] of that move.
[52:25] Definitely.
[52:26] Thank you for going through these chart
[52:27] examples. You know, it's amazing to see
[52:28] obviously what we went over on the
[52:30] whiteboard now from actual charts. But
[52:33] to take it one step further, Akil has
[52:34] actually gracefully provided some live
[52:36] trading segments that he's done
[52:39] trading live these exact concepts. So
[52:41] you're going to see those right now.
[52:43] Let's take a break for a minute there,
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[54:09] industry, and the offer's on screen
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[54:14] for you, whether it's a one-step,
[54:16] two-step, or three-step challenge. The
[54:17] options are all there. Links in the
[54:19] description below. Now, let's get back
[54:21] to the apps. So first things first, I'm
[54:23] just going to
[54:24] pull up
[54:25] um
[54:26] the live view of my screen onto the
[54:30] computer so I can show you guys exactly
[54:31] what I'm looking at.
[54:33] The very first thing that I see is this
[54:36] repair right here.
[54:38] This repair right here, it doesn't have
[54:40] a wick, so I'm looking at all the orders
[54:43] uh that might be
[54:45] above
[54:46] and looking to get short down into the
[54:48] previous point of interest, which is 20.
[54:53] Um I just woke up, so sorry if my
[54:57] uh
[54:58] explanations aren't thorough, but
[55:03] yeah, that's what uh that's what I'm
[55:05] looking at right now is
[55:07] is the um
[55:09] this repair right here. I'm looking to
[55:11] get short at this repair.
[55:14] So I'm looking to put a limit order
[55:17] right above this previous high, looking
[55:19] to see uh if we can capture some of
[55:21] those
[55:23] um trapped
[55:24] buyers or sellers
[55:26] with a limit order here.
[55:31] So risking 10 points
[55:35] to make potentially 28
[55:38] points.
[55:42] Um
[55:44] So the reason being reason why I'm
[55:46] putting my order right right here at 48
[55:50] is because we have again, this previous
[55:52] repair.
[55:54] Uh
[55:55] and I want to take this short back into
[55:58] the point of interest. We're also kind
[55:59] of building out that H pattern.
[56:02] What I want to see is
[56:04] um I tap into into here
[56:08] uh
[56:09] and hopefully instant rejection, but if
[56:11] not, then I will take another short
[56:13] right here at 60 at the previous cross.
[56:18] So let's see how it plays out.
[56:25] We're about 30 minutes from New York
[56:28] open.
[56:32] Usually I don't really trade these
[56:35] hours, but um
[56:37] sometimes if the opportunity's there or
[56:40] I'm awake,
[56:42] uh got up early today.
[56:44] Hopefully I do this um this episode for
[56:47] Riz and
[56:50] send it to him cuz
[56:52] he's been waiting for a little bit.
[57:00] A little bit slow right now, but that's
[57:01] okay. Patience pays.
[57:08] This is not an ideal entry uh stop for
[57:13] for this order because it's right at the
[57:15] previous cross.
[57:18] So
[57:20] if I do get stopped out, I'm looking at
[57:22] the reaction here
[57:23] um for another entry short.
[57:28] But I'm keeping I'm going to keep my
[57:29] 10-point stop
[57:31] just in case this this does that
[57:33] pre-market squeeze. I don't want to get
[57:35] stuck in it.
[57:39] What I want to see play out initially is
[57:42] is since we have this move down, I want
[57:44] to see um this lower case H play out.
[57:49] And hopefully take out these triple wick
[57:51] lows. This to me is a huge magnet to the
[57:53] downside.
[57:55] Um you have stop losses right under
[57:57] here.
[58:00] Um so
[58:03] possibly if we get a runner,
[58:07] um
[58:09] if I add to this if if I add to this
[58:13] position it's a winner,
[58:15] um
[58:16] maybe
[58:17] have my take profit right at
[58:20] right at under these lows in this
[58:23] previous cross section that hasn't been
[58:25] tested yet.
[58:31] Lots of great opportunities for um for
[58:34] cross section entries and exits.
[58:41] This could be a good long here.
[58:45] This could be a good long
[58:48] right at like 20, like right here. I'm
[58:51] actually going to join
[58:53] the bid here. I think this could
[58:56] possibly be a good long entry
[58:59] um just for a scalp
[59:01] because we have a cross section here. We
[59:02] have 20, so we have two confluences
[59:04] here, and I always try to take as many
[59:07] confluences as possible. So we have
[59:08] cross section entry long, and then we
[59:11] also have 20.
[59:12] Uh so I'm
[59:15] going to see if I can take 15 out of
[59:17] this position before it runs to
[59:20] um my original idea.
[59:24] So you you can kind of see there uh
[59:29] I entered on the bid.
[59:33] I didn't put a limit order. I just
[59:34] entered on the bid uh because I liked
[59:37] that reaction right at right at the
[59:39] idea. So, it wasn't the lowest possible
[59:41] entry.
[59:43] Um but I did like the reaction. That's
[59:45] why I entered.
[59:46] Uh I used I used the bid to enter.
[59:53] Stacking that confidence. We're up 5.7
[59:56] points.
[01:00:00] At this point, I
[01:00:01] kind of want to set my break even stop
[01:00:05] in. Let's see if we can get if we can
[01:00:07] get up to 10 points. If we're up at 10
[01:00:09] points,
[01:00:11] uh I might set my break even stop in.
[01:00:17] Oh, great. Hell yeah. Okay.
[01:00:20] We got out of that. Didn't even need to
[01:00:22] set a break even stop. So, we got our
[01:00:23] first 15 p-
[01:00:27] Okay, great. We're in our second
[01:00:29] position.
[01:00:34] Just got this repair.
[01:00:38] Just took out this repair.
[01:00:43] Ran previous high, took out the repair.
[01:00:46] So, let's see if we can get that 20 tab.
[01:00:54] Might get stopped out here at the at the
[01:00:56] previous cross.
[01:00:58] Down five points.
[01:01:03] Yeah, I think we might get stopped out
[01:01:04] here.
[01:01:07] But that's okay. We're running a
[01:01:08] 10-point stop, and we have some buffer
[01:01:10] on the day.
[01:01:13] No reason to overanalyze. If we get
[01:01:15] stopped out, we get stopped out. It's
[01:01:17] not a big deal.
[01:01:22] So, again, reason I took this short was
[01:01:24] this repair uh repair candle.
[01:01:28] Um regardless of this trade plays out or
[01:01:31] not, I want you guys to know the
[01:01:32] reasoning behind it. Uh we had no wick
[01:01:34] on this candle.
[01:01:36] Um so, to me, we just picked up picked
[01:01:39] up all these orders that were above that
[01:01:42] couldn't participate in previous price.
[01:01:45] Um
[01:01:46] So, we picked those up. We're up nice.
[01:01:48] We're up 10 20 15 points.
[01:01:52] Uh at this point, I would probably be
[01:01:55] putting my break even stop in.
[01:01:57] Um
[01:02:01] And the whole idea here is so, we have a
[01:02:04] triple confluence of ideas.
[01:02:07] Uh we have this move down, and I want to
[01:02:10] see this H setup play out where we have
[01:02:14] uh
[01:02:16] possibly on the next 10-minute open
[01:02:19] um
[01:02:20] maybe a retest of this section of this
[01:02:24] area.
[01:02:25] Uh
[01:02:26] and then and then put like a
[01:02:29] a lower low in, and then you see that H
[01:02:33] setup play out with
[01:02:35] uh this being the ultimate target for
[01:02:36] the break.
[01:02:38] And if I d- if I am fortunate enough to
[01:02:41] get a runner in,
[01:02:42] um
[01:02:43] then I will put the take profit at this
[01:02:46] previous untested
[01:02:49] uh cross section entry.
[01:02:56] Might even take a long off of 80.
[01:03:00] Um but let's see how it plays out.
[01:03:05] Normally, my my
[01:03:07] head would be on the phone like this,
[01:03:09] but
[01:03:11] um just trying to show you guys exactly
[01:03:13] what I'm seeing right now.
[01:03:25] Only doing one contract right now.
[01:03:29] Uh
[01:03:30] Don't want to put too much risk on
[01:03:32] before New York open.
[01:03:34] I I'll go up to two contracts, but
[01:03:37] not putting more than
[01:03:40] more than two on.
[01:03:41] Um second one, let's see. I mean,
[01:03:45] see if we have an opportunity to put the
[01:03:46] second one on.
[01:03:51] Here, uh why my take profit is at 20,
[01:03:54] it's just previous point of interest. I
[01:03:56] mean, you can see how many times we
[01:03:57] bounced off 20. 1 2 3
[01:04:00] uh four couple times. So, this to me, 20
[01:04:03] is a magnet for price to revert into.
[01:04:07] That's why my take profit is at 20.
[01:04:10] Um
[01:04:13] Just want to see if we get kind of a
[01:04:16] bigger move cuz this this is this is
[01:04:17] ultimately what I'm looking at is these
[01:04:19] triple wick lows. This is a huge, I
[01:04:22] mean, point of interest to me.
[01:04:24] Um
[01:04:25] This is more of a safer exit, but if I
[01:04:27] wanted to be more aggressive, which is
[01:04:29] why I'm hoping we get that
[01:04:31] um
[01:04:33] we get that runner.
[01:04:35] We get an opportunity for a runner.
[01:04:37] Um
[01:04:40] Then I want to see the runner go for
[01:04:44] uh
[01:04:57] This candle started with a repair.
[01:05:01] I want to see if this gets repaired real
[01:05:02] quick.
[01:05:05] This is kind of the perfect opportunity
[01:05:07] to to get another entry short, actually.
[01:05:14] Like right here at previous
[01:05:17] uh
[01:05:18] previous repair.
[01:05:20] I want to see if we get that entry
[01:05:21] short. Okay, we're in. We have our We
[01:05:24] have our two contracts. I'm going to put
[01:05:27] both
[01:05:28] uh at the same stop loss.
[01:05:32] So, both at the same stop loss. So, if I
[01:05:35] mean,
[01:05:36] if that previous high gets ran, then
[01:05:38] then both stop losses would have gotten
[01:05:40] ran anyway.
[01:05:44] And this gives us kind of an opportunity
[01:05:46] to take
[01:05:47] uh take that.
[01:05:52] There, right at the previous cross.
[01:05:55] So, ho- I'm I'm hoping that, you know,
[01:05:57] right now we're risking
[01:05:59] nine points total
[01:06:02] on the two posi- on the two contracts.
[01:06:08] So, first my first take profit, I want
[01:06:10] it to be here. Hopefully, we get that
[01:06:12] flush
[01:06:14] through these lows.
[01:06:17] Um
[01:06:20] Because this is the first point of
[01:06:22] interest I'm looking at that I think
[01:06:24] price will revert back into.
[01:06:27] And this is the second point of interest
[01:06:28] I think price will revert back into.
[01:06:35] Reason being is it's an untested cross,
[01:06:39] and it's right under it's and it's 80
[01:06:42] level right under these triple wick
[01:06:44] lows. And also, you have a uh untested
[01:06:49] cross here.
[01:06:51] So, two confluences uh three
[01:06:53] confluences, actually. So, that's what
[01:06:55] you want to see with the 80/20 system is
[01:06:57] how many confluences can you put
[01:06:59] together being structure structure wise
[01:07:02] as well as um
[01:07:06] as well as levels wise.
[01:07:10] So, here, this entry short was a
[01:07:12] structure based setup.
[01:07:14] But our exits are uh
[01:07:17] level and structure based.
[01:07:21] So, again, you want to stack stack as
[01:07:23] much as you can in your favor.
[01:07:27] Reason I took this short also was um
[01:07:31] like like we were talking about, I want
[01:07:33] to see this uh H play out. So, you have
[01:07:36] this sharp drop. Like imagine a lower
[01:07:38] case H right now. A lower case H is like
[01:07:41] this, right? Like that. So, I want to
[01:07:44] see so, this is the leg, and then you
[01:07:46] have the actual like lo- like reverse U,
[01:07:50] I guess. So, the H part.
[01:07:54] Um So, that's the the the s- big setup
[01:07:58] in play right now. Is that H.
[01:08:01] And also,
[01:08:03] uh
[01:08:04] couldn't run this previous high.
[01:08:07] So, it's a it's a lot of things are
[01:08:10] working our way for the short side.
[01:08:14] Retesting this previous repair, reverse
[01:08:17] fo- like a reverse fork setup.
[01:08:20] Looks like our first TP is going to get
[01:08:21] hit here at 20.
[01:08:25] Okay, first TP is out. Beautiful.
[01:08:31] Getting out of that first one is great.
[01:08:34] At this point, we can move our stop to
[01:08:37] break even.
[01:08:40] Like so. A point point under just, you
[01:08:43] know, to cover
[01:08:45] to cover the commission cost, but
[01:08:47] all in all, this this we we ended up
[01:08:49] getting 25 or 20 20 points out of it
[01:08:53] anyway.
[01:08:54] Or 25. So, if it even if it does go
[01:08:56] break even, we're net 25 on this. I want
[01:08:58] to see sellers continue pushing right
[01:09:00] here.
[01:09:01] I want to see sellers continue pushing.
[01:09:03] Um
[01:09:05] I want to see a break of that low.
[01:09:10] There we go. Break of that low.
[01:09:12] Continue. I want sellers to continue.
[01:09:16] Keep going. Keep going. Another break,
[01:09:18] and I'm and I'll take I'll take a
[01:09:20] momentum short. Okay, tak- taking a
[01:09:23] short here.
[01:09:24] Uh
[01:09:27] Both TPs at the same spot. I want
[01:09:29] sellers to keep pushing.
[01:09:32] Sellers need to keep pushing through
[01:09:33] these lows.
[01:09:36] Sellers need to keep pushing through
[01:09:37] these lows.
[01:09:39] Step on the gas, sellers.
[01:09:43] So, this is just a classic case of of
[01:09:45] adding into a winning trade. So,
[01:09:48] let's see.
[01:09:51] Cuz if the trade idea is playing, you
[01:09:53] got to play into it.
[01:09:58] Just barely missed.
[01:10:04] There we go. We're out. Okay.
[01:10:07] Might actually take a long here at 80.
[01:10:13] Dang, just missed me.
[01:10:17] Kind of want to take a long here at 80.
[01:10:22] Reason being is that confluence again,
[01:10:24] you know, you're stacking that
[01:10:25] confluence.
[01:10:28] Okay, we're in we're in we're in a long
[01:10:32] from 80s at the confluence being the
[01:10:34] level and the cross.
[01:10:37] Oh, might be might just get stopped.
[01:10:39] That That might have been a little
[01:10:40] greedy
[01:10:42] to double dip.
[01:10:46] Might have been a little little bit
[01:10:48] greedy to double dip there.
[01:10:50] But, we'll see.
[01:10:52] We'll see.
[01:10:54] Again, we're running a 10-point stop, so
[01:10:56] I'm not too worried about it.
[01:10:59] We're taking we're taking the primo
[01:11:00] setups as they present themselves. So,
[01:11:02] we're first tap of 80 into a previous
[01:11:05] cross.
[01:11:09] Come on. Fill me out.
[01:11:12] Got close.
[01:11:18] Got close to filling me out. We're like
[01:11:20] 2 and 1/2 points away.
[01:11:22] Hopefully, you know, at this point I
[01:11:24] kind of want to put a break-even stop
[01:11:26] in, but
[01:11:28] we'll let the 10-point stop stay.
[01:11:36] Ah, beautiful. Great.
[01:11:40] Excellent. Excellent. Excellent.
[01:11:50] Happy with that.
[01:11:51] So, again, got our Casio off the 80
[01:11:54] long.
[01:11:57] Uh the reason behind that setup was
[01:12:00] again, stack stack the confluence,
[01:12:03] right? So, you have the first untest
[01:12:04] Wow, what a bounce. Beautiful.
[01:12:08] No drawdown on that on that 80 long. Um
[01:12:12] So, you had you had a previous test of
[01:12:14] this cross section.
[01:12:16] And then you had the level right there.
[01:12:19] So, structure plus level.
[01:12:23] That's what you want to see.
[01:12:30] And there you have it, everyone. Not
[01:12:31] only have you seen this exact strategy
[01:12:33] that has achieved over $5 million in
[01:12:36] payouts, $200,000 just last month, but
[01:12:40] now you've seen it in its entirety,
[01:12:42] you've seen chart examples, and now
[01:12:43] you've seen it live traded as well.
[01:12:46] Thanks to Akala for being here today and
[01:12:48] showcasing this all for us. Links for
[01:12:50] him are in the description below, so
[01:12:51] make sure you check those out. Any
[01:12:53] questions or comments about this
[01:12:55] episode, drop them in the comments
[01:12:57] section below. Let us know your
[01:12:59] thoughts. If you want to see this again,
[01:13:01] or if there's anything you feel we
[01:13:02] missed, this is your opportunity to ask
[01:13:05] in the comments. But, like, hit
[01:13:07] subscribe. Other episodes are on screen
[01:13:09] right now. This has been Chart Fanatics.
[01:13:11] Until next time, take care.