Markets go up, markets go down, you get in, you get out, it’s that simple!

Trading forex or any instrument with any trading strategy is incredibly hard to master. Everything you learn is the same thing told differently, over and over again using different language. All trading strategies are rubbish and none of them work, not because they are no good, but because when it comes to entering the market they all have the same odds of success. Often this is nothing to do with the strategy and all to do with the trader taking the trades! The markets are random and controlled by banks, what makes you think a course is going to help you make money? Technical analysis is useless, and all the books and courses teach you how to get a 50/50 shot at a random result.

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Video Transcript

Do you think the banks have got the blind bit of notice as to whether you’re trading high kanashi support resistance, ICT concepts, BTMM concepts, whether you’re using a footprint chart, a candlestick chart, a line chart, nothing, doesn’t make any difference. Markets go up, markets go down, they move through time. Your job is to take a position on it, wait for it to come into profit and then take it off. It’s simple as that. There’s no strategy. There’s nothing that works. And as soon as people realize that, they start making money. But yeah, I was part of the, I started trading in 2008. So I wasn’t quite on dial-up modems, but MT4 was just coming out. I started there. And it was pre-YouTube. YouTube was very much in its infancy, if it was even around then. I don’t think it was, and if it was, it was not really…

Yeah, there wasn’t much content out there. So everything that I had to learn by was books, PDFs and paid courses. So when you came across a website with a paid course on it, you bought it because you hadn’t done that. So then you did one on candlesticks, you did one on market structure, you did one on this, you did one on that, you did one on the other, and then all of a sudden YouTube started to get, oh hang on, we can learn stuff for free on here, and you started then watching people’s YouTube who were selling you the courses. So they were pre-empting you on their YouTube videos to sell you another course. You did that course and you think, hang on a minute, I’ve done this. So what you end up doing then is everybody replicates the same thing on YouTube and all you do is you get the same information in a different way. And all you end up at the end of the day, realizing that there’s nothing works. Everything you learn in this industry is rubbish because this thing will go up if it wants to, and it will go down if it wants to.

And there’s not one strategy on the planet that can tell you whether that’s going up or down today. There’s no technical analysis. There’s no pattern. There’s nothing. It’s random. If the banks have to execute 25 million Canadian dollars long on the yen today because they need to do an exchange rate for a Canadian oil company, that’s what they’ll do. This will go up.

If you draw a line here that says that’s where it’s going to bounce, it’ll do what the hell it likes. If it gets here and it’s only executed 5,000, 5 million dollars of it, it’s going to go like that. And you go, yeah, look, it bounced. Well, of course it did, because there’s a load of limit orders sitting there by all the other idiots that think technical analysis works. All the books will teach you how to do this. Actually, no, they don’t now. They don’t teach it anymore, do they? They call it now supply and demand. Let’s call it something else. Repackage it, sell it again. Repackage it, sell it again. Support and resistance. It’s been around forever.

Let’s change the Japanese candlestick and put a wider body on it and different tails and call it Heiken Ashi. Quick, sell a course on it. Do you think the banks have got a blind bit of notice as to whether you’re trading Heiken Ashi support resistance, ICT concepts, BTMM concepts, whether you’re using footprint chart, candlestick chart, a line chart? Nothing. Doesn’t make any difference. Markets go up, markets go down. They move through time. Your job is to take a position on it, wait for it to come into profit and then take it off. Simple as that. There’s no strategy. There’s nothing that works. And as soon as people realize that, they start making money.

I have an entry criteria to get into a trade. And yes, you can call it a strategy, but I have absolutely no faith in any button press I take. I’ve eliminated psychology because it does it. All psychology does is ruin a trader. You eliminate psychology. You become profitable. But you can’t eliminate psychology because you’re a human being. And that’s what we evolve on. That’s what we use in our everyday life.

Everything we do, we meet someone for the first time. Our brain is psychologically going, how should I react to you? You ever been into a, actually not into a car dealership, but you go into a car dealership and you walk in and you’re your normal you, yeah? And the car dealer’s like, hey, how’s it going? You suddenly go, brilliant, thanks. You become, hey, happy man.

Why’d you do that? Because your psychology is saying, mimic this guy, he’s happy, I’m gonna be happy. Yeah, you have no control over it. This thing, if you have psychology, will destroy you. Go and buy a thousand strategies, doesn’t matter, they’ll all get destroyed by you, not by that. Yeah, so position trading removes the psychology. Why the banks trade this way is because they also have no control over this.

There’s 10 major banks and organizations that have enough volume in this market to move it up and down. They’re all fighting each other. Barclays, when they pump, pump, pump long, if HSBC are pumping short by a higher amount, Barclays are going to lose. But they know that they can wind it back up again to make money. So when it goes up, it comes back down again. Then it goes down, then it goes up again. This is what we call market structure. But the banks don’t use a stop loss and put orders in the market to get you destroyed. All other strategies you will find out there do. That’s why no one else has P&Ls that look like that, because they can’t show this on the screen because they can’t do it.

That’s what I’ve learned in 15 years of trading. There is no strategy out there that I could make profitable. So I stopped trying. And the only way you can do that is by not using a stop loss and reducing your risk down to an amount that becomes insignificant. I’ve got 24 positions on, 24 individual trades on right now on this account, and I’m in 4% of drawdown. Everybody else in the world right now would have taken four trades to lose that amount and I haven’t even lost it. That’s just unrealized profit as far as I’m concerned at the minute, yeah. Psychology, shift, that’s the way you do it. And that’s what the bootcamp’s all about.

You can’t have a strategy that works with a stop consistently and make money from it because you as the trader, when that series of six or seven losing trades comes in, you will not be able to get over that. Yeah, the strategy will, the strategy will be fine. The strategy will recover from that loss, but you won’t execute the trades because you’ll be too scared after that losing run to get back in.

Yeah, so you eliminate the losses, all of a sudden P&L curve flips in the other direction because your psychology no longer has a worry about taking the next trade. You just take the next trade. And if you use an EA, like the market reversal, that’s EA, obviously, it does it all for you. So you don’t even have to think about it. Shift. But this is how it works.

And I’m in a bit of a privileged position to have been trading for such a long time that I’ve seen this evolve. Take this concept, change it, repeat it, repeat it, repeat it, repackage it. Start in a white box, make it a red box, sell the red box, now change the red box to a blue box, sell it, change it to a black box, change it to this box, put the word AI on top of it, repackage it, sell it over and over and over again. People making the money are the people selling everything. Yeah, that’s how it works, isn’t it? But it’s just when you come into this industry, as I did, I’ve spent thousands, tens of thousands on courses, learning the same stuff that is all out there for absolute free on YouTube.

It’s just that the course packages it in a way that you can understand it. But if you do that course and it doesn’t click, you throw it away and you go and buy another one. What you’re looking for is the course that clicks with you. What you realize after a while is there isn’t one. You’ve got to make your own. But none of the people that taught me this came up with those concepts themselves. They’re just stuff that has been learned. Yeah. And I picked it up from them. You’re picking it up from me and you’re going to go off and probably do the same thing in the future. Yeah, that’s that’s what this industry does. So you have to stop at some point and go, right, enough.

I’m going to press that button and I’m going to see what happens and see for yourself what happens. And this is why I say in the bootcamp on the very first video within the first 20 minutes, give it 30 days. Do this for 30 days. And if you don’t come back with 5% profit in your account, but no one does come back with less than 5% because it’s impossible to press the button and be wrong that many times that you can’t make a profit on your account.

Because the only thing that is different between me and everybody in the world is everybody in the world puts an order in the market to make them lose money. The banks don’t do this. The institutions don’t do this. The hedge funds don’t do this. Why are you doing it? Stop doing it and you become one of these guys. What do these guys do? Drive Ferraris. Everybody that drives a Ferrari on YouTube and sells a course is using the thing that stops them owning that Ferrari.

Everyone can rent a Ferrari. I can rent one tomorrow and go and stand on my drive and take a picture. Is that going to make you subscribe to my channel? Maybe. I don’t know. Anyway, there you go. I’ll clip that bit. That’s a good one to put out there. No, I won’t. You know, it’s just, that’s life, isn’t it? That is the never-ending cycle people are in. You know, this is a really old crappy video that I did years ago. It’s only nine minutes long, but it’s one of the most important videos, I think, on my website. Yeah, this, these three, I must do a new, I must actually re-record these.

But my, I mean, basically I say these in here every day. That video leads on to that video. So this, why your system is basically directly related to that and the fact that you don’t understand what that is. here. It’s the unconscious bit of us as a trader, this you are not in control. Human beings have a desire to control everything. We have to. If we don’t control everything in our life, our life spirals out of control. If we don’t control our children, they go off and do stupid things. If we don’t control our car, we crash. If we don’t control our finances, we go bankrupt. If we don’t control everything, we can’t survive as human beings.

Having to accept the fact that you are trying to do a job that you have no control over, like a brain surgeon, he is in control of his instruments. A pilot is in control of the plane. A racing car driver is in control of a fast moving lump of metal, yeah? You are not in control of the thing that you’re trying to control, and you can’t let that go. This is the psychology bit that is not fixable.

And as soon as you realize that you’re not in control, you then have two options. You either give this job up, or you give up the thing that stops you losing money. There is only two things you can do, give up or stop doing that. Everything else in between will fail. You can’t tip it. Everyone can have a lucky streak. Yeah, I’m a pretty good scalper some days.

Some days I’m crap. I can scalp an account. I can double an account, no problem, within days. But I can’t do that for the rest of my life because the market will not let me because the market will only give me conditions that are right for my scalping skills for a period of time, because I can’t control it. If I could control it, I’d be a millionaire. I’m not.

The people that make the most money, like Warren Buffett, don’t care about control, because they have so much money they can put into the market it doesn’t matter which direction it goes, eventually it will come back in the right way. And if they press the close button with a $1 gain, they win. Can you stand the market going against you for long enough to survive? That is the job. You’ve got to have some kind of a mechanism to get you in, but at the end of the day, there’s nothing you can do about this thing.

It just goes where it wants. Heads long. Right, go and find an FX pair, open up the first one that comes to your mind, go down to the 5 minute chart and press the buy button. What’s your odds? Yeah? Everyone can make wins on lower timeframes. If you go to the 5 minute timeframe right now on Pound US Dollar and press the buy button, there’s a 50% chance that within the next five to 10 candles, you’ll be able to close that in a profit. Everyone can make wins on lower timeframes. Of course you can.

This is a 50-50 game. The market does two things. It goes up and it goes down and it does that moving through time. There is only two outcomes to a button press, profit or loss, excluding one minute chart where you might get spread it out and you it can move your way and you can still be negative, but you know getting rid of the stupid, stupid time frames. Everyone can be profitable on the lower time frames. Like I say I passed evaluation on EA. I passed an EA evaluation. I passed stage one in the morning, trading the DATs by lunchtime. I went straight into stage two in the afternoon, because there’s no timeframes on EA, and I traded the NASDAQ. Yeah. And I passed it by four o’clock. By five o’clock that evening, I had a funded account.

Yeah, I posted it all in the Telegram group and I showed it all. And it was basically trading M5. Brilliant day. Could I repeat that every day of the year? Absolutely not. I couldn’t repeat that 50% of the year, 20% of the year, impossible. Every time I hit that button, price went up, pulled back, and I put a pending order above the high.

It pushed up, pulled back, I put a pending order above the high. Pushed up, pulled back, I put a pending order above the high. Guess what happens? That was 80%. I closed it, and I went, next please. In the afternoon, I did the opposite on the NASDAQ. Because it pushed really hard, so I thought, well, it’s pushed really hard today it’s probably going to come down. It came down, I shorted it, it pulled back, the foot pending. Yeah you’ve only got to do that four times with one percent risk. Yeah on your fifth leg down you’ll have hit eight to ten percent.

Done. What’s that? Pure and utter luck. Two things. First I picked the right direction, 50-50 shot. Second, we had a trend day, not a rotation range day. Luck, 50-50 shot, it’s either gonna be a trend day or a rotation day. It’s either gonna go up or it’s gonna go down. There’s two 50-50s, yeah, playing out every day on the five minute chart on the indices. Those two things. If you can pick the direction right on a trend day, you will pass. It’s just pure luck, isn’t it?

Everyone can do that. Yeah, and if I went onto a live stream this afternoon and I did a load of marketing and I spent $2,000 on marketing in 24 hours and I marketed to everybody in the trade, it’s got an interest in trading on Facebook or YouTube and I sent them to my stream and I got 50,000 people in my live stream and I showed them that happening on the day, live, making eight grand and going, this is really easy. For 9.99, I will show you and sell you a course that will show you how to do this. And I would sell lots and lots of courses, wouldn’t I, to those 50,000 people that saw me execute this live. And do you know what my course would say? Here’s a coin, right?

At one third or 2.30 every day in the UK, in New York, flip it. If it’s a tail, hit the short button. And every time it pushes down, take a breakout. There you go. End of video. Yeah, 30 second video. That is basically what I would charge $1,000 for. Because that’s all I did. I had no skill involved in it whatsoever.

I know what a trend is and I know how to enter a trend. You can learn all of that on YouTube. You can learn all that in the bootcamp, yeah. I’m not clever. I’m lucky on low timeframes, very lucky. It’s true, though. This is why I’ve got 91 people in here, because I tell the truth and nobody’s interested in the truth. But the stretch theory gives you an edge, yes. So elastic band theory, again, not mine, brought to me by a guy on Borex Factory, elastic band theory. Yeah, that’s a short right now because it’s extended. The banks are going to profit take on this move. So their profit take move will be what? A pullback in a trend or a reversal. I don’t know which, I don’t know when. What I do know is that the banks cannot sustain that without taking profit. That’s the band theory.

I’m not trading anything clever, I’m just doing what the banks do every day, which is move opposite direction to their previous move. Look at it, it’s here, right in front of you. This is a brilliant example of exactly how I passed E8. I entered short there. Yeah. So I entered short there, went down, it pulled back, I entered short, it went down, pulled back, I entered short, went down, pulled back, I entered short, profit. It’s a trend.

Continuation. Yeah, every time the banks push down, they need to take profit. Every time they push up, they need to take profit. Every time they push down, they take profit. They push up, they take profit. They push down, they take profit. This is what market structure is. The banks at the moment are long. They need to take profit. Where’s it going?

Down. Keep your moving average, keep your average price within an ADR. You will get out when the banks do it. When are the banks gonna do it? I don’t know. Phone the banks up and say oi when are you shorting you can’t can you because it’s out of your control which brings me back to what we were talking about earlier it’s just the way it works this wisdom is absolute gold can’t get this truth anywhere else you can’t can you you can’t get this truth anywhere else because it doesn’t i’m not making any money out of it this is why you can’t get this truth anywhere else if i was selling this for two thousand dollars or if i was putting the words secret bank system above my website what’s the see it’s the same as larry williams’s but i’ve shown larry williams’s book in here before it’s like the secret bank system I could sell and the secret bank system is the answer to it is there is no secret bank system. Thank you. Ching Right Larry Williams book Long term secrets to short term trading the secret of the book is there is no long term secret to short term trading Don’t do it. It doesn’t work so his book title is saying he’s got the long-term secret to trading short-term time frames what the book is actually about is the fact that you can’t do that so my secret bank strategy is there isn’t one. Simple isn’t it? The truth.

The guy that made me break even dragged me kicking and screaming from the five minute chart up to the four hour chart. That’s how I became break even. And I think in my journey, that was my light bulb moment. He told me never to trade below the four hour chart. And I ignored him. And I tried to execute all of his strategies on lower timeframes and with a little bit of success, but with a lot of failure along the way as well, and never a profit curve that looked like that.

He dragged me kicking and screaming up to the four hour chart, and all of a sudden everything slowed down and everything started to work. And he said, this is where everybody in the banks starts to analyze, and then they go up from there. Yeah, and that stuck with me, which is why, you know, when you see the moving averages on my chart, that’s the wrong one, that’s the five minute. Yeah, this is the four hour chart. This is the God, as far as I’m concerned, of trading.

This is where everything is flattened out to the point that makes sense. moving averages on the daily are the ones that the market follows. It’s smooth, it’s clear, it’s easy to read, it’s fully understandable, which is why the H4M15 strategy for mean reversion is the one that is my bread and butter, because this is the time frame that slows everything down just enough for you to actually understand it and make sense and make money. H1 is kind of the very bare minimum I would ever look at, and even then you’re like, it’s a little bit jittery, isn’t it? Look at the stuff. I mean, on H1. H4, you’ll find it very difficult to get anywhere near that. This just won’t get enough volume on, because the market won’t allow you to get into that enough positions, because it’s safe and it works. But that’s one, you know, the person that got me over the line from a losing trader to a breakeven trader, you know, it’s when you say you can’t imagine a better teacher. He was my mentor, if you like, that got me like… Well, it’s light bulbs. It’s all about light bulbs. You’ve just got to get the light bulbs. You’ve got to find the light bulbs that turn your brain on. Everybody’s got different flicks of switches that they need to get them over the line in this industry. Very difficult to find out what they are until Very difficult to find out what they are until you’ve tried it.