All language subtitles for Lesson 03 20pipsperday EN

Welcome back folks.

This is lesson three
of the Mason, 2017 92.

Mentorship, ITT amplified
day trading and scalping.

This lessons teaching 20%.

Targeting 20 pips per day.

Before we get into it, let me
preface it by saying you will not

make 20 pips every day, period.

I can't promise you that.

No one can promise.

Okay, but there are certain things that
we're going to cover here today that

give us a potential to hunt for this
as a daily objective, not every trading

day is obviously like all the others.

And so one day may have a lot
more opportunity than another day.

Other days may not have
any opportunity at all.

Despite what it may be showing you in
your charts, you have to be mindful

that obviously we all know that
there's been many times where I've

looked at things and called certain
things to happen and didn't happen.

Now, ideally you will want to bank 20
pips in any day tree that you take.

So every trader you get into,
do you have profits, at least

take something off at 20 pips.

That's the surest way of
banking, 20 pips per day.

So if you're in here trying to treat
every single day, not that I'm advocating

that are in Tyson, you to do that.

If you do, and you get 20 pips,
always try to bank something at 20.

However, there are a few techniques.

One can use the ferret out the
20 PIP scalp almost every day.

Now, again, the emphasis, there is
almost the trader still needs to do

their homework and determine what
the current market environment is.

Consolidation reversing, expanding.

It's all about market profiling.

This lesson, I'm going to
teach it two methods that I

like to scalp with an aim for.

Okay.

I get a lot of questions about
how can I trade the Asian session

now, obviously, you know, I
don't like to trade at that much.

Um, but when I was active trading
Asia, this is one of the ways I did it.

Uh, this is a good approach or
technique method pattern where.

It's kind of like a, uh, a
complete system, if you will here.

Uh, what were you doing is trading
the 15 minute New York session stops.

This pattern is good for yen Aussie
and Kiwi crosses in the bicep is

during Asian session up to 12:00 AM.

New York time you're in a scout short-term
lows formed in New York session.

Now it's got to be very,
very late New York session.

Get ready to go into the beginning of.

The New York crossover into Asia,
obviously I'm skipping over palsy and

New Zealand, but it's my way of thinking.

It's from New York on, in Asia.

I know I'm going to be this respectful
to the folks in New Zealand or, uh, Oz,

but, uh, that's just the way I view it.

Sorry.

So late New York for me
is basically going into.

The New Zealand and all the open.

Okay.

So let me add it like that.

Say it to you like that.

But the way I interpret it is when
New York closes, we're going into

Asia Nessus, the way I interpret it.

And so I'm sure some of you that are
very highly critical are gonna want

to correct me and say, well, this is
not really what that is, but I'm just

telling you, this is how I do it.

Okay.

If it means anything else to you,
I don't trade it that much because

I think all the volume should
be done in London and New York.

But for completeness sake for Thursday,
our desk jockeys in the north American

continent and they just cannot participate
for whatever reason, because of.

Um, jobs, businesses, whatever life
circumstances, if you want to trade

the Asian session, this is one sure.

Way of doing it.

So the bike setup, again, repeat it
is during the agent session up to

12:00 AM, New York time, we're going
to be scouting short-term lows formed

in the New York session trading
long after Asia probes, the low.

In other words, basically what
we're looking for is a turtle soup.

Selling setup is during
Asian session up to 12:00 AM.

New York time.

We're going to scouting.

Short-term highs formed
in the New York session.

Trading short after Asia probes, the highs
we're timing off of the five minute chart.

We're targeting 20 pips
and it's a fixed target.

We are not graduating it.

We're not trying to turn into
a huge mountainous power pips.

It's straight 20 for 2020 stocks.

20 target, that's it.

So what does it look like?

Well, we have here an example of it as
indicated in the chart here, you can

see that there is a short-term high
formed prior to the Asian session start.

And that short-term high is
going to have a very small

pocket of stops resting above it.

And it's delineated here
by late New York stops.

When I look at this, I interpret this
as very, very low volume liquidity run.

Essentially, what we're doing is,
is we're starting the Asian range.

So what we're doing is interpreting
the Asian range, high forming.

Take up, move above that short-term
high prior to the Asian session,

start on a five minute basis.

If it trades above that high, we can
look to go short intake, 20 pips.

The blue ranges you're going to see in
this video are all delineating what 20

pips looks like now, obviously all these
go sometimes many trips beyond 20 pips.

Just for the sake of knowing
what it looks like and how much

of an opportunity there is.

I show it to you just
in a 20 PIP spectrum.

The setup usually occurs
before New York midnight.

So what we're doing is they're actually
trading inside of the Asian range

by expecting the Asian range to be
what it typically is a consolidation.

Many times that Asian high will
form after a short-term high, like

this as being delineated in your
chart, once that's taken out, they

fade that and take it the other way
down and making the Asian range low.

Many times the Asian range is a lot larger
than 20, 30, 40 pips, but many times it's

least enough to get 20 pips out of it.

Here's another example here.

This is the dollar.

Another short-term high
price trades above it.

During the Asian session fade that 20
pips is seen before midnight donations,

uh, Asian range, as we define it.

So between eight o'clock at night, New
York time, we see a small little rally up.

They fade that in price trades down 20
pips allows you to bank that now look

over towards the far extreme left of the.

And you'll see that there's
a fair value gap there.

That's what ultimately
price was reaching down for.

So there's a lot more potential
for downside besides that 20 pips.

That's what makes these trades, in
my opinion, favorable, if you're

gonna be treating Asia, you're
not trying to get rich on them.

You're not trying to make a hundred pips,
but you use all of the PDA rate matrix

ideas have given you in terms of premium
and discount to reach for them as well.

On these lower times.

There's another example here.

This is the dollar yen price
trades above a short-term high

rate at the Asian session.

Again, we're anticipating consolidation.

So there's nothing to fear.

We're looking for the general.

Sideways environment that
Asian session creates.

Now, initially, you're going to say,
well, what happens to the keys running up?

Then you get stopped out your stops
at 20 pips, just like any other trade.

You have to have a filter for keeping
advanced losses from occurring.

So your stop loss is fixed at 20 pips.

When you trade above the short
term high, as soon as the trades.

You're looking to sell short.

How many pips above it?

Michael?

I don't know.

Five.

Five's a good number.

Some of you would be really
aggressive and want to sell it

just one or two pips above it.

Preferably I like five pips
above the short-term highs.

If I can get that in.

Great.

If I can't get it, then I miss it.

It's fine.

So another example here short-term.

Price rallies above it in the Asian
session, creating the Asian range,

high price, fades that the blue
box delineates, the 20 pips that

would be there for potential payout.

And you can see it clearly
moves a lot more than just that.

So again, the thing is that you're broke.

You're probably being overly critical
because it seems like, well, where's

the definition behind the trades?

Well, look at your hard time.

Even if these trades are looking to
continue on the upside or downside,

all we're looking for is that initial
with above a short-term high or

polo short term, low preferably we
can see in market continuations.

If our bullish, we can see the selling
above a short term, highlight this

many times they actually work out.

Because what you're doing is your
pricing in the Asian range high.

And what do we look for for upside
movement that Judas swing down.

So we're already
anticipating, uh, Asian range.

That's probably going to want to
trade lower, or if the move starts a

little bit sooner than midnight, it
could trade down, make the Judas swing

there and give you your 20 pips before
it starts to go higher and make the

higher close on the day without really
requiring London sessions due to.

Another example here, this is the Kiwi
dollar beginning of the Asian session.

We have short-term low price trades down
below that short-term low, just probes.

It takes out the liquidity bellow
that short-term low and then rallies

up the box represents 20 pips.

Again, you can see it continues
even further, but again, all

we're doing is looking for an
opportunity to trade between eight.

And midnight, New York time.

Okay.

Our second way of scalping, 20
pips, what are we trading the

New York expansion and this is a
pattern that's good for all pairs.

It's no a special favor.

Pair for this it's universal application.

And the buy set up is during the New
York session up to 10:00 AM, New York

time or scouting short-term lows formed
in the New York open trading long after

New York probes, the lows while London
session posted daily low in the five day

average daily range is still pending.

In other words, the five,
the average daily range has

not been filled for the day.

London has made the low of the day so far.

We've rallied from London.

Prices retracing in New York and it's
trading down below a five minute.

Short-term low when it does that.

We buy long below that short-term
low in the, in the mindset that it's

a turtle suit it's coming back for.

Short-term sell stops and we're gonna
be looking for expansion going towards

the five day average daily range.

The cell set up is just the.

During New York session up
to 10:00 AM, New York time.

We're going to be scouting.

Short-term highs formed in the New York
open session trading short after New York

probes, the highs while London session
posted the daily high and the five day

average daily range for that particular
day is yet to be fulfilled or pending.

Again, the same scenario
here, just reversed.

We're looking for a day that
London has already posted a daily.

Or highly favorable of being the
daily high, New York sessions.

Having a little bit of retracement
higher it's trading above a short-term

five minutes short term high it's
taking out by stops above a short term

five minute swing high and average
daily range for the last five days.

Low has not been met yet.

That's the condition we're
looking to trade in or timing

off of a five minute chart.

Again, we're targeting 20 pips.

With a stop-loss at 20 pips.

So what does that look like?

Well, we have a Aussie dollar here.

Five minute chart prices.

A low in London has had some
expansion, it retraced, and on a

five minute chart, we can see a short
term, low violated, and also trades

back down into what can you see it?

Five minute fair value gap back
down into an order block as well.

Price expands 20 pips.

Well beyond 20 pips actually, but
nonetheless, this is actually the reason

why I expected that Aussie dollar to
trade up and make a higher high during

the live session on New York this past
Friday during our live sessions, this was

the actual pattern I saw and why I said we
were going to see a higher, higher high.

And here it is, you can see.

Another example here again, uh,
London creating the potential low

the day expansion on the upside Dorn
in New York session price comes down

below a five minute short term, low
price goes below the short-term low.

It quickly rejects out of there
and goes up much more than 20 pips.

But 20 pips is shaded in blue.

So you can see the scout
that would be available.

Okay, this is the Euro
dollar, same premise.

We have the London open
creating the high today.

Price trades down.

We have a retracement
in the New York session.

It comes back above a five minute
short term high four by stops that

had been trailed down once that
short-term high has been violated.

Selling short above that looking for
20 pips, you can see the 20 pips is

easily taken in this example here.

But nonetheless, not all of them
are going to pay like that, but

20 pips is very easily seen here.

And sometimes in this example here for
the dollar CAD, sometimes you can get more

than one example or one set up in the.

Treating day and Lord, as you can
get multiple setups, you're trading

off on the five minute charts.

So therefore there's a lot of
potential for it to come back

down below short-term loads.

If it's going to be in a, uh, around
a choppy day with an expansion later

in the afternoon, here, we have a
London low formed in prices expanded,

taken out the high that was formed
in early Frankfurt price trades down

makes the low in London trading.

Violates it in the New York open and
trades all the way back down below a

five minute short-term low stops have
been taken price, easily rallies 20

pips from that low giving profitability.

And we have a later opportunity
where another five minute low is

violated and price trades it's
expands well beyond 20 pips again.

So there's two opposite,
two opportunities.

Particular currency.

And it's a dollar cat of all pairs.

It's a really low volatility
volatility paired generally.

And, but you can see how, even in this
type of environment, you can scalp

out 20 pips, but the premise is, is
you have to have the strong conviction

about what London has already done.

And we're looking for that
continuation in the New York session.

The ideal scenario is look
for a five minute low.

Let them break down
below that five minute.

Because what they're doing is, is
they're trying to entice short sellers

and breakout artists, and also knock
out there's individual individuals

that are already long, that would
stand to profit by the next leg up.

This pattern is a wonderful pattern
for just a real strict guideline

about how you want to go into
the Forex market and trade it.

Uh, it's actually a really good
pattern for the S and P trading tips.

If you're an ESBL trader and
you can do this same pattern,

it's very, very good on IES.

It's good for Dow futures
and, uh, triple Q.

It's good for stock trading too.

If you're a day trader on stocks, you
can pull up a five minute chart and

say, this is a really good, uh, uh,
pattern that you use there as well.

I don't advocate day trading
stocks because of the volume.

Usually isn't enough to push it
around, but you can look in there and

you'll see that this pattern is it's
one that works out very, very well.

It's really one of those
universal patterns.

You can apply it to everything,
commodities, bonds, and all that

business, but hopefully these
two concepts have given you a.

Focused approach about how you
can go in and look for short-term

intra-day opportunities.

They're not always there, but generally
if you look across a lot of pairs and

you're just going to be introduced
a short-term scalping, if you really

push it hard, there's something
you can practice on every day.

And then as I said, 'cause,
I don't want you to think you

can go in every single day, day
trading and trying to get 20 pips.

But if you look at it and a great
number of payers need 10 or 15 payers,

you'll find something like this,
painting out every single trading day.

So until next lesson, I
wish you good luck and good.