Full transcript (1921 words)
So hello everyone, welcome back to another video. A very warm welcome to you all in yet another new video. So let's understand TLM Pro. Okay? This is the third part of TRM Pro, as we have already brought two parts. Basically, the third part is the same as the first two parts. There isn't any significant difference there. And look, there were some previous questions, let's understand once. We need to set a 1- minute timeframe. Right? You have to use the 1-minute timeframe on XAUUSD. If you want, you can also do it in Silver and you can also do it in BTC. Okay? And the most important thing is that you should always skip this kind of market. Like sideways. Right? You can trade this kind of market, or if it's in an upward direction. You can trade this kind of trending market. But the more you skip the sideways market, the better it is. Look, let me tell you one thing. You don't know what is going to happen next. Right? We will act based on that only. We don't know what is going to happen next. So what to do now? Right? So what was our strategy? Let me repeat it once again. Our strategy was that it's a 1-minute timeframe. 1-minute timeframe. Okay? Look, a 1-minute timeframe and 16 EMA, as soon as we get an indication on the pullback like a hammer or a doji candle , we will take a down entry in this condition. Right? And this condition means we will trade on the upside. Right? This, and there was one more candle added to it, which was that if we are taking a down entry, we need a red candle, where it's fine if it has a decent wick, but not a huge wick, and the body is good. Right? Meaning, its body should be larger than the previous candle. Like, there must have been a green candle here for this red candle to form. Right? If there is a green candle, it should be equal to this green candle, or at least equal, or the volume should be higher. And it shouldn't be excessively large either. It shouldn't be double the size of this candle. The same condition applies here for the upward direction. Right? Here, what happens is that the green candle, like this one, there must have been a red candle before it. Right? Now, the red candle should be slightly larger, and it doesn't necessarily have to be, it can be equal too. It can even be a bit smaller. There is no problem with that. But it shouldn't be too large, like double the size in this manner. Okay? So, this was our setup. And now, let's do some backtesting and so on. Let's understand once what ours was. Look, now understand a little bit here that the market gave a crossover here. Like, it gave this crossover. Now, as soon as the crossover happened, look here, the market came down. Oh, sorry, sorry, one second, okay? Like, let's turn this off. Okay? This is our only indicator. A breakdown happened here. This candle gave the breakdown. Now we had to check if, after the breakdown, a Doji candle or a similar candle touches the EMA. We will plan a trade there. Am I right? Okay? As you can see, on the pullback, you might see a Doji or a hammer-type candle touching it. But this became your entry candle. Okay? And here, this candle hit your stop loss. So, one of our stop losses got hit here. Okay? Now, understand here that the next trade of ours, something, something, something, look at this one. You can see this one, meaning the red candle has good volume, and look near the EMA, it's not necessary that it touches. If it is nearby, then there is no problem, but the highest probability is that if it touches, like, it will be better. If it doesn't touch, it should be very close, just like this candle. Do you understand what I'm saying? If it is this candle, then it will work for us. Then our next trade, like, is this trade. This also hit the target, and, like, since it has long wicks at the bottom, we won't trade it. After this, look at this trade of ours. Look at how good of a fall we got to see. After this is our trade. Look here, it has become sideways. The entire zone has become sideways. This side, a breakdown happened here. Look here, then. Look, a breakout of the market happened here. A breakout happened here in this way. Okay? Look here, a hammer formed, touching us. Now, look at how good of a rally we got. Look here, if you got confused and couldn't take this one, then you could take this trade. Okay? We have seen a very good target here. Now, when the breakdown happened here, there is nothing. Nothing here either. Now understand this part, the market broke out from here. Again, we got a good candle, our main candle, and look at the good target we got, easily up to 1:20. Okay? After this, the market came down again. After this, the market gave a breakout again. After the breakout, look here, our main character candle formed here and we saw a very good move. Okay, now look, there is no touch here because it is facing downwards. And the most important point is the hammer's face, meaning if you are trading for the upside, its face should be upwards, and for the downside , it should be downwards, and there must be a breakout for this and a breakdown for that. Okay, there is nothing like that here. Nothing here either. Okay? Now, this is the current market of today. Okay? And we will also do a live session on this. Okay? And the live session that I have already mentioned. Look, how to use money management in this. Money management should be used in this way. For example , you have a capital of $ 100,000. Okay ? So let's consider it $ 1000. Okay? Let's assume $ 1000. So what needs to be done in this? Look, you have to take a risk of almost 2000 per trade. Look, you can take as much risk as you want. It is up to you. Okay? Meaning $ 20. Now, when you are taking this risk, what should your reward be? It should be, meaning 1: 5 is the minimum. Sorry, that was wrong. Look. No, it's fine. Look, how much is your risk? Like 20,000. How much should your reward be? 20,000. But if you cannot book 20,000 in the beginning, then a minimum of 10,000, meaning 1: 5, should be booked as a minimum. But in my opinion, 1:10 should be booked. Okay? When you book 1:10, look, the rule of our strategy is such that if you are booking 1:10, you are going in a direction where 95%of people are not going. Okay? If I talk about the minimum, even if you book 1: 5, that is still not a bad thing. If you are getting a profit of 10,000 against 2,000. Right? Then what should your next trade be? That will be our first trade. You have to do the second trade the same way. Meaning a risk of 2,000 and a profit of 10,000. Okay? If you want to do it, well, according to me, if you want to follow me, you should book 20,000. Because I have the confidence that my strategy will get 1:10. No problem. Suppose you have done a total of 10 trades. Right? Out of 10 trades, let's assume five were losses and five were profits. Right? Like five losses and five profits. Right? How much was your loss in this? 10,000, because the risk per trade is 2,000, and for the five trades that worked, what is the reward? Around 1 lakh. Right? You got 1 lakh. Right? After getting 1 lakh, if you subtract this, a profit of almost 90,000 will remain for one day. Now, it might be hard to digest this. Now you tell me simply. Do one thing, backtest and see if what I am saying is possible or not. And 10 trades are available per day. Look, you need to put in the effort. See what you have to do, catch a 1:10 trade, catch 10 trades. If five...because five of our stop-losses are not happening, but let's assume even if five stop-losses happen, even then...if our 50%accuracy ...actually, the accuracy of this strategy is very high, brother. 1:10, do you understand? You don't get it anywhere else, and I'm even helping you book it, okay? When you Like if you even extract 50%, you will have five stop-losses. I assume that where you are losing 10,000, it will become 20,000. Well, it won't get worse than this, right? I am assuming double the loss, man. Do you understand? It won't get worse than this. Even out of 10, not all 10 will hit stop-losses. Right? If you like, in 10, because in some it was 2,000, in some 2,500, in some 1,500 , consider 2,000 as a loss. Assume one or two more trades, whatever it is. But if I assume the minimum profit to be 50,000, is that still bad? Is that still bad with a capital of 1 lakh rupees? Tell me, are you able to understand what I'm saying? Okay. And regarding this, look, I am only telling you things that are real, I’m not just saying things out of thin air. No, I am emphasizing only the things that can be done practically, and my effort is that you should be able to do them. Alright. Otherwise, the thing is that everyone is telling you things. But things are not happening the way we want them to. Right? For example, like I just told you that I will make a profit of something around 50,000 here. But is it actually happening or not? In this, practically think, even if we assume the worst-case scenario that we get 1:10. Now, out of that, we are doing five trades. Five resulted in a loss. Five resulted in a profit. So, I have also explained the management of how to handle this. Did you understand my point? So that is the thing. If you face any other issues, you can ask me and comment below this video. Right? And if there are any questions, I will make a video on that topic. The main thing is that if you haven't yet, and yes, if you want to join Telegram etc., you will find the link in the description. Join from there. Right? If you want to subscribe to the channel, do it, and like, like, what's with the likes? Look, we will also go live on this video's strategy. I am having some health issues right now, my health isn't great, and I am also away. So, I will almost from next Monday, I am confirming the next Monday, giving a confirmed date, next Monday we will go live on this strategy. Maybe as far as it goes, we will go live daily, okay, on the setups, and we will also book profits daily live on these setups, okay. So, stay tuned. Thank you guys, everyone welcome. Okay, so let's see. Bye, bye.