How To Master Sniper Entries.

yo what's up guys it's kojo forex aka gbp legend aka sniper trader aka king of blues i'm here again and today i want to teach you guys about how to master entries on the forex market which i call the sniper entry [Music] yeah so you guys as you are aware i gained the name sniper trader from the way i take my entries on the forex market right so sometimes a lot of people see my strategy in my entry and then they say kojo why do you catch market at tops and bottoms that is not really a cool thing right that's actually because they do not understand the preamble and which are based on my entry and then my analysis on the market catching market at tops and bottles could be from any time frame at all you could catch market at tops and bottom on their one minute time frame on the five minutes under 15 minutes even on the 30 minute time frame right but catching market at the beginning of a new trend means that you're really looking at a bigger picture of the overall directional movement of the market and then joining in earlier before that new wave of movement okay let me put it in scope you cannot call movement on the lower time frame a directional movement or a trend in the market and lower timeframe i mean that one minute time from the five minute 15 all the way into the 30 minute or one hour time frame these kind of movements you cannot call them a trend in the market right so for you to really get trend in the market then you should be looking at a bigger picture the weekly the daily the four-hour time frame minimum i would look at to determine a trend in the market is the four-hour time frame right so that's how come i'm able to catch the market at the beginning of a trend or the inception of a new trend and not necessarily catching market at the very top or the very bottom because sticking markets at a very catchy market at the very top on the very bottom on the lower time frame which is the one minute the five minute 15 minute doesn't necessarily qualify to be the beginning of a new trend so guys in my previous video which is my first youtube video i explained to you guys that when i started trading i tried out so many systems in the market including indicators right so upon using several indicators i realized that most actually worked and most actually didn't work in the long term right but even the ones that worked uh after back testing for a while i realized that they did not give me the kind of refined entry that minimized risk on the market right i'm going to pretty much go into the chat to show you guys exactly what i mean but i'm trying to make you guys understand the whole concept of why i catch market at the very top or the very bottom so that you understand into details how a manager's risk on the market right so like i told you guys from previous experiences i used to use moving averages and i used to even use the rsi which is the overbought oversold condition i used to use the bolenga bands i used to use um the bill williams alligator i used to use several indicators on the market i tested them out individually because i told you that i wanted to understand the whole scope of the forex market and every system that people have have advertised to be the most effective that works for them you understand me so after putting on several indicators and then back testing let's say the most popular ones could be even the 200-day moving average their 50-day moving average and several other ones right regardless of the time frame that i look at these ones are moving average the whole concept about it is that when the moving average crosses on the top then you're looking for a shot and then when it crossed from the bottom then you're looking for a buy right when it crossed from the top trust me guys and then the trend must have already set in motion before the moving average is going to cross and then when it's crossed from the bottom the same vein the trainer had already set in motion right so catching the market when the moving averages cross means that you're not catching it exactly at the very top of the trend and then or exactly at the very bottom of the trend right so you must understand that in trading it's all about capital preservation and then managing risk right remember these two things in trading number one is capital preservation and then number two is managing risk on the market so when it comes to managing risk then it means that whatever system that you're using to trade you shouldn't expose yourself to too much rates by putting your stop loss way above like way higher than your entry level right because it exposes your account to too much risk if the trade should turn sar which is usually do happen in the market right nobody is perfect in the market so if you have a trading system that allows you to risk let's say um more than 50 pips 60 70 80 100 pips sometimes i see people putting stop loss as much as 200 pips in the market it doesn't make sense at all and then you just um most likely do not have much knowledge or information of what you are doing on the market right so this even builds up to the point of what we call risk to reward in the market right so guys if you're talking about entry in the market you're looking at where you want to jump in on the market and where you want to put your stop loss to determine how much potential move you're expecting to make on the market and that is the definition of what we call by risk to reward so if you're finding a system or if you're using a trading system that allows you to to risk let's say 100 pips and then the trade jumps into a 40 or 50 pips and then you're closing your trades you're risking more than your reward you get it so it means that if this trade if you should have even two or three trades go in your favor and then you're making 30 pips 40 pips one single loss can easily wipe out your whole trades in the market or your whole profit right so that's how come it becomes so much important and it's so much of a priority that every trader should want to analyze or should want to prioritize entry points in the market right so if you do not have a system that really gives you that clear cut defined reason of entry and then where to place place your stop loss then you've not still got to that point yet where you have uh confidence in the market because um like i said with the scenario of the moving averages right there's several moving averages that will allow you to put your stop-loss way above the market directional movement right so now i want to give you guys a little bit of just into my concept of how i come by entries on the market right just with theoretical aspect now before we jump in onto the technical aspect where i show you on my screen how i get my entry so the whole idea of my sniper android is that i am catching market at the very bottom of a trend or at a very big at the very top of a beginning of a new trend so what that means is that for the most part my stop loss has to be at the top of the range or at the very bottom of a new market range right so what that also means is that after i've got all my confirmations of an entry into a market for any directional movement it could be a bullish move i'm expecting it could be a bearish move i'm expecting if the market should hit me out a stop loss what that only means is that that is not the turning point of the market that is obviously not the beginning of a new trend and then i have to just stay out wait and then let the market do its own thing until it hits a next point where i have confidence with respect to my technical analysis that this could be the next potential turning point in the market so it makes taking a loss on the market not really painful at all because it makes you understand psychologically that you are trying to catch the market at the beginning of a train or the bottom of a new trend and hence you are liable to risk 40 pips 30 per sometimes maximum 50 pips on the market but if i am catching then the wave of that nutrient you guys can clearly tell how the market trends move mostly in the range of what 100 peps 200 300 sometimes even thousand people right there's been scenarios where i've caught even 2 000 3000 pip movement on the market just by risking 40 or 30 pips and that is what i want to show you guys now about sniper entry strategy so you know what stay with me for a while let's go into the chat and i'll show you guys my sniper entry strategy yeah so guys to explain what i've been sharing with you with respect to my entry criteria and then catching market at the very top or the very bottom of the range now i'm going to be using the pound versus the united state dollar to explain to you into details how i look at the market at the same time introducing certain key concepts that i use as part of my confluence in taking trades on the market right so if you look at this you can clearly realize that in my chat analysis i only watch the higher time frames ranging from the two hour time frame the four hour the six hour eight hour 12 hour daily weekly and then monthly i start with what we call the top-down analysis looking at the markets of our directional movement and then putting my market into a specific range of pips for its monitoring right i'd want to go more into those details in subsequent videos but now i just want you guys to get a clear perspective of how i spot tops and bottoms of the market right so i also include certain key concepts which ranges at the same time from the fibonacci levels and i also watch certain key um principles like trend lines in the market and then another key concept that i also apply in my confluence is candlestick reversal patterns right so when i put together all these key informations at the same time doing what we call cross-referencing and correlation it allows me to be able to know at any point in time what currency pair is right to jump on and then at what point i should jump on into the market with a very minimum risk in the market so if you're looking at this i'm currently on the six hour time frame and i just want to show you guys clear concept of what i meant when i was talking about market overall directional movement right so if you look at this you can clearly see that this was what this market standing point already from this top and then it traded massively onto the downside until hitting this point and then there was what a continuous a an abrupt reversal back into this range attending points here into this point a tendon point here into this point and a turning point here into this point and then the next tendon pointing to this range and then it continued all the way down and currently running up at this point so in my strategy how i look at the market is to be able to determine that at this point the market is going to reverse and make it a downwards trend so i want to jump in here for a cell and then here i also determine that this is the key point where a new beginning of a wave or a swing point for a jump in for a buy and then i want to jump in for a cell here for a next swing point and i jump before i buy here for an extra input it may look very difficult and i mean it may look easy as as i'm putting it out but it isn't an easy concept right and then it also may look very difficult but at the same time it isn't an elaborate or difficult concept if you come to understand the whole nature of how these analysis are properly done right so another concept that comes to play a very important role in my strategy has to do with what i call the top-down analysis i talked about analysis but uh what i meant to say was um the support and resistance levels right so uh which sometimes people call the supply and demand levels right but supply and demand doesn't necessarily form the overall core confluence or core decision into taking a trade in my strategy right so sometimes i see a lot of instagram traders marking up their chat trying to cover supply support levels and then resistance level and then determining those levels as supply and demand levels right so i hit my levels because i wanted you guys to understand the core concept of what people usually do before i bring up my explanation of how i look into the market so you can clearly see that sometimes you have people mark up maybe this range as what support level and then they extend the line all the way up and then they could mark up this range as well resistance i mean here's going to be resistance resistance resistance then it could mark up this range as well support level support level support level resistance because you're seeing the market resisted this range and then it kept it moved down resisted this range sometimes people would say the market broke out of resistance from here and then it came all the way back up into the range and then continued all the way down to this next support level because the market has been acting as a support here support here and then you say this one was broken so pretty much becomes sort of a basic way of analyzing the market when i used to first be trading in that support resistance or supply and demand kind of a scenario so i wanted to do something different explore really why this sort of movement or dip here okay or sort of a dpl okay or sort of this out of the range perspective also okay so that's how come i also decided to spend so much time in building my system to understand why this type of stuffs okay right so in my exploration into the market i realized that there are certain times where the market will use some key psychological or institutional levels to also reverse so i wondered why would the market reverse at a key price point because you must understand that this is a speculative market of the international currencies and this is not just a playground where we are just observing random market movement the market as my experience built up realized that it's not just a non-market place for movement prices stand at a place for specific reasons you must understand that there are big players in this industry who control price movement right and they know exactly where they want to fill their orders before a reversal so in applying this key concept and confluence of the fibonacci the trend line analysis the top-down level the key psychological level and result reversal points in the market it adds up and makes up an element of a strong confluence that when they come together i'm able to find a refined entry that sports market tops and market bottoms on the market like i said i'm not going to be disturbing you guys or bothering you so much with the core details of the top-down analysis but when i plot out my lap my levels and my key ranges then you you're going to get clearly what i mean by um catching market at the very top or the very bottom of the beginning of a trend right yeah so quickly when i unhide my levels they can now as you guys may be seeing um my key levels in the market right so you can see that with this big dip here which i'll show you guys a while back the market decided to hold off on 15 on 1.150 as a key support level right and after all they were rallying back into this range it came a little bit close to this 1.12 50 and then came back here to hold on 1.2 250 as a support and then rallied back so all in between these ranges the market keeps on respecting psychological levels in the market it doesn't always use those levels to reverse but that's why i add a concept of what the support resistance supply demand trendline fibonacci levels or as confluence before i come up with a decision to buy or sell when all my criteria for a cell is met right so in trading that's how come most people would advise you that you need to have a a rule or a rule-based system or you need to have a trading plan that cuts out or gives you clear indication of when you should enter the market and when you should stay away so my trading plan necessarily spells out exactly where i should jump into the market and then what kind of trade i should also avoid and i try to take trade on lower highs or higher lows at the same time on key levels or key psychological levels and at the same time on key retracement level on my fibonacci level so that spells out my key entry criteria on this market right so for a position like jbp usd you would find that out find an entry here which would be my initial trade for a cell putting my stop loss right above the work here that is because in this area the market is acting on 1.2750 as a reversal zone for me and i get indication of the reversal when i clearly zoom in and then read into the candlestick formations identifying some reversal patterns which include the doji the shooting star and stuff like that that i wouldn't want to mention out all here in one video right so right after there you can see that what there was a big drop off from this range all the way to this range which makes about 250 260 pips on a single position if you're able to find your entry right off at the top here putting your stop loss right above the range which would have been about 40 pips in stock and then at the end you realize that it makes up for a good risk to reward ratio on the market right so the purpose of this i'm gonna switch now into the four hour so that we understand again the next concept which has to do with applying fibonacci on the market so a lot of times people do not understand the real meaning of fibonacci and then how to even use the fibonacci 2 right so how to use is that the whole concept of fibonacci measures a retracement level in the market so fibonacci tells you that the market can make a move on a swing point from a lower high to a new higher low or high low to a new lower high so one swing point to another and obviously what you expect is what a retracement so let's say this one swing point a to swing point b before the market will continue from swing point a to swing b to the next point it makes a retracement or a pullback as you may call it right so it pulls back into a previous movement the pre opposite direction of the previous movement right but in the course of that pullback the fibonacci 2 measures the probable percentage of that pullback so if here's a and b we could label it again as 0 or let's say 100 and then here being 0 right so if this is hundred and this is zero it's safe to say that the midpoint would be 50 and then it's also safe to say that somewhere here could be what 60 and then somewhere above here could be 70 right so key concept of fibonacci ratios that i use is the 50 61.8 and 78.6 so if the market is pulling back up into this range fibonacci tries to measure where is the market possibly going to reverse it's going to rest in the 50 percent and then continue its wave down it's going to rest into the sixty percent and then continue its wave down or perhaps the seventy percent and continue its wave down you understand me so after i have been able to catch my swing point of an initial move i may be able to jump in on a retracement if my my market reverse our spot on entry at another key or key psychological levels that makes up a better risk to reward to take the risk on other than that i would avoid that position and then wait for a fibonacci retracement so with respect to this kind of a trade where i've just showed you that 250 pip drop the next way to get an entry into this trade for the next wave of movement is when i measure my fibonacci level from this top range all the way to this bottom range so it becomes equal to understand that this is the swing point from swing point a to swing point b and then we made so the market moved from this range to this range and then we made a retracement back into that 61.8 region where it would be a prime area for airing for a sniper trader to get a shot into the market expecting a next wave of movement from desktop to possibly hitting this fibonacci extension level or even this one here right so that makes afford what the second criteria for entry retrace the first criteria i showed you using that key psychological level to jump into the trade respect with using the uh candlestick formation as a confluence to jump into the trade and then the next one i've showed you that you could use on the fibonacci as a next uh confluence or next point of call to jumping on a trade you can clearly see that this market continued to make next wave of movement and then there was another wave of movement here right so to catch even this third wave of movement so you can see that this is the first wave of movement the second wave of movement and then this one becomes the third wave of movement to cut this third wave of movement we could apply other concepts at the same time uh two concepts here we could use the fibonacci again and then we could use the trend line basis again so if we're using the fibonacci obviously like i explained earlier this will now become the new wave of movement of what of the swing point swing point a and then this becomes the swing point b and then this is what the retracement of the new wave of movement so here again we can plot our fibonacci starting from the very top to the very bottom to measure that retracement level and you can clearly see that in this kind of a scenario the market reversed into a 50 and then a little bit into the 61.8 before reversing or before continuing and trend all the way down right but again to get a strong confirmation for that entry which has been a perfect sniper entry from the very top of this range to cut the market to continue all the way down then it has to do with applying another concept which i mentioned which has to do with the trend line so a lot of time i see a lot of people confusing trend lines drawing market drawing the lines to cut in between the trends and then some people draw something like this and then say this is their trend line and stuff like that well the way i in which i cut i i draw my trend line s from points to points right and then like it's clearly said for you to draw a line it's two points so my point here in the market becomes the weak ends on the on the candle deformation so in such a moment like this after my trend left from the very top and then connects this one through to the very second swing second wick of the next wave of movement so here becomes my first point and then here becomes my second point cutting through the third one here right there is the entry criteria on my trend line which i would determine around the third touch of the trend line to determine whether a host of strongly to continue in that trend direction continuous movement or is going to break that trend line and then continue moving up and this kind of scenario i really teach it in my advanced course but here you can clearly see that 0.1.2.3 here and the market continued in the same overall directional movement of the market so trend line and fibonacci can be added as a confluence for us to get a next wave of movement at the same time using this psychological level of 1.250 as the next wave of entry point to jump into this market because we saw setting candlestick formation within this range that gave us indication that this trend isn't this market isn't going to continue its bullish trend all the way up and then there's possibly reversal in this range for us to have a new trade of movement all the way down so clearly guys you can see that all through from this top all the way to this bottom i've given you clear indications of how as snipers i would be thinking into the market to find trades and then to find turning points in the market where i'll be catching swing points with huge pay profits not just catching 10 people 20 pips 15 pips on the market but catching a hundred per movement at 200 250 pips and so on with a very small risk of what 30 40 pips and a maximum 50 pips in the market right so currently as i'm speaking with you guys if you're watching this chart you can clearly see again that the pound was the dollar is rejecting around this area which is a psychological level for me which is 1.2750 so all i have to do now is patiently wait and see how candlestick formation react around this range if it gives us a clear indication that this market is holding off here as a strong resistance because it previously did here to hold he has a strong resistance then we can jump in for a self-possessing position putting a stop loss right above the range so this now explains my concept of why i use no indicator to trade but just candlestick formation and pure price action reading into the market the tip reading that gives me a very good risk to reward ratio and then a minimum stop loss level in the market you can clearly understand that if i should put on any sort of a moving average on this it would give me a very late entry into the market because i would be depending on the moving average to cross this market candles before i get any confirmation or any some form of a strong bias to jump in for a cell at this point in time right so as time goes on i'm going to be revealing to you a little bit of tricks and how i spot clearly all these entry points but this one this first the second video has clearly given you guys the clear concept and then the whole basis of what i look into next i'm going to delve straight strictly into uh market structure i should explain to you what rule the market really also based on because anything at all or the market as a business at all has its own rule and then its own basis of movement and when you come to understand the market structure the rule in which the market follows to move it gives you the basis of understanding the language of the market and then it also gives you a basis of determining who is in control of the market at any point in time you guys must be aware that the market is made out of what the bulls or people that are expecting or in anticipation that price should go up and then the bears of which consists of people who are anticipating or projecting that price should come down i believe this information alone is a lot enough to help you to spot entries on the market not just with support and resistance levels but understanding that there are psychological levels and then areas into the market that if you delve into it is nothing on on online and that you've not seen anything like that but it will give you a clear cut entry with very minimum stop and then you would be consistently making money and jumping into the market at the right time of a turning point of a swing move i hope to share more details with you at the same time if you're here don't forget to click on the link in the description to join the telegram channel because from time to time i'll be sharing my trade setups and then free signals and you can learn as we grow as a family how i support these kind of crazy entry points in the market to be making um huge pip gains in the market on this video i may end up sharing some screenshots of some of the trades i've taken on the pound versus a dollar so you understand the turning point in which i got into the market i believe this one um educate you guys a lot and i hope to see you guys next in my next video i'll be showing you a continuous progression of the development of this strategy guys yeah so i hope you guys enjoyed this video and then you learnt a lot like i promised you exciting content coming up this is just a sniper right there so many things i'm going to be showing you guys which is nowhere on the internet like i promise this is a little bit of insight into what i'm going to be putting out on my youtube channel click on the subscribe button and then click on the notification bell to get notified every time i post a new um youtube video new content also don't forget to follow me on all social media at cody4x all on instagram twitter and facebook right don't forget to also click on the link in the description to join the kodi forex telegram channel which is the koji forest community where i post out one to three trade signals for free every week for anybody who is part of the community peace out [Music] you

Channel: KOJO FOREX

Views: 107,742

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Id: rM6_YrzC798

Length: 29min 7sec (1747 seconds)

Published: Fri Jul 31 2020