 a level where you can enter potentially mid-range and here's one of them and it's really the level CPR right but there has to be obvious levels so you have to see levels that have been touched sideways ranging market you can see it's kind of been in this range yeah because these guys yeah who are looking to the left are seeing okay this there's there's a level here right it's been touched several times we're entering to into a sideways range of market we should want to do something like this and continue into that range yeah just buying highs and lows of ranges but what's ended up happening is is that this is caught these traders to the to the wrong side right so yes if we're looking at the high of this range in the low of this range this is would be considered mid-range but it's a difference between this and understanding the mid-range based off of the level CPR and just a difference between that and something like like that that doesn't convince me that there's a range there it just convinced me that there's pretty just they are gonna be traders caught here for sure but it just but for me it's not really the mid-range trades that I would like to take I know that there are more traders and this is more of an obvious trade for me because the level is so so obvious basically do not mean it's a very very obvious level and it's level traders that that are gonna get caught so for me this is a really nice trade in fact I do have it up on my chart I'm looking at this right now again don't jump into this trade if you're not fundamentally aware of the New Zealand dollars with Frank and why you should be you know buying or selling of course do your do your analysis now one of the things I want to highlight is yeah one of the things I want to highlight is nobody knows where or if prices will turn around here I'm not saying that prices are 100% gonna turn around here no idea yeah all I know now is I'm gonna observe price just observe and wait yeah for price for a trigger right so this is a zone where I'm just waiting for a potential trigger if it occurs prices could keep going all the way down here all right cool that's just the way it goes right I'm not gonna not gonna necessarily jump in I want to observe price and if I see one of my triggers to candle swing or you know an outside candle entry for example yeah we've been in this area here because again I don't know how many orders need to be filled for example how many how much demand although I know the equation as far as you've looked there's lots of traders who sold here all right sold here have to exit to buy yeah there's still other orders that need to be filled as far as you know more traders who need to get involved in this trade etc what levels they're getting in that nobody knows so for now it's definitely on my on my radar to look for buy trades if it turns around here brilliant the next level probably also I would say probably these two zones but any I think anywhere within this zone of course you want to have as many confluences as possible there are think he's probably zoom out even a little bit more there are some one seconds okay so I just thought that my mic was off I was thinking that that don't tell me I didn't record this because I would have been highly annoyed cuz I've got some things to do but anyways there's also another you know level but just below that as well one two three four five so within this within I think within this this this demand zone there are definitely areas around where prices could want to potentially you know reverse so let's see what happens with that and I'm I'm keen to watch that you know myself what else is there what else is there what else is there but I hope that clears things up with it I hope the case things up with that but yeah good good chart and I think the other one was I want to talk about was really a hard trade right and when I say a hard trade I'm talking about the New Zealand Swiss Frank right I was in this I was in this trade and so I managed to get in on several positions but the entry I was gonna go over and I did talk about this in the in one of the videos last week was it was the group call right so here was really where we were talking about where there would be potential for a reversal it was this zone here so this was the level this was the demand zone it was a level CPR yeah a level CPR and I said in the video last week that the first area to kind of look for you know any kind of long trade you know this is the level level and then these guys get captured the capture the pain and then you've got you know the relief yeah now the relief can be from the top yeah to the potential bottom right none of us know exactly where prices are gonna turn around right but the point is is that it's somewhere within you know this zone where that zone was and then we also had you know an area where at the bottom of the zone we had a nice level of you know or a nice rejection right that's what we're actually looking for is in support and resistance to help us you know decide on where price may potentially start to you know reverse from right so prices didn't necessarily react you know too favorably when prices came down into this zone right now the the trade that I entered was here I told you guys about it last in last week's in last week's video I think it was the went over it in the group call right now if you had entered right so two candle swings so if you have your entries indicator on you will see all right for me the blue whenever this there's a there's a blue change the color to blue anyway whenever there's a blue bar that tells me that that's the the entry candle from a two candle swing yeah so you've got your outside candles which which tell you here and here where whether there's outside candles somewhere around there green ones etc nice outside candle there or it will tell you where there is a two candle swing now on the three hour this actually closed at one o'clock but when I by the time I woke up in the morning prices had kind of come back down into what would have been the entry so I've decided to take the trade take some positions and just going over if I had taken I took you know more than three positions but I don't advise you to but if you were taking the table example you had taken three positions right so you're taking a market entry which is here yeah which is right there you're taking a one at 50 percent if it retraces back and then you then your trade taking one at the absolute low right so you should have three positions now on this one you got in really on the onion two positions so you want to place your stop loss at least say 10 pips plus spread so you know let's say for example 11 12 pips depending on your depending on your you know your broker New Zealand Swiss isn't necessarily you know massive when it comes to you know spreads so so anyways that's where your stop losses this is where your you know your your your second position was and then you would have another position which would be here and let me just I guess clone so that would be where your first position let me just put that here and your stop losses there right it's right there so yeah right first position and second position you're trying to go for at least I recommend at least two to ones that's what I do anyway before taking any kind of profit now prices did come after I entered one position you know and then a couple of positions but if I'd entered three positions right that second position there would have been you know filled right filled and then when I say it was a potential you know I'll say when I say painful trade I didn't say necessarily I experienced any pain but let's say for example you were in that yeah and these are the things that happen we can't always expect price to just go straight to our target right and I know a lot of people might have been scared out of this trade as well you know especially when it comes back but one of the things you have to accept when you're entering into a trade is you have to accept the loss you have to you know one of the things I do is that I expect to lose every trade doesn't mean that I want to lose every trade or I'm going to be every trade but to manage my psychology I've already accepted the loss if prices you know go against me and I don't make any money on this trade or I lose money on this trade then I've accepted the loss even before I've taken the trade if you can't accept the loss before you take the trade then don't trade right just don't trade you need to get your psychology right and we can always help with that yeah and understand why you're you're not accepting you know the loss and understanding the law of large numbers and understanding you know just probabilities right but this was a trade that could have been potentially painful for a lot of people so here was the the trade and second position managed to potentially hit profit on the or just about hit profit on on on this broker but on my broker I think I was must have been at least maybe half a pit away from being filled right so literally I woke up well so you woke up but I you know thought that I'd hit profit you know I think the next day or the day after and then realized that in fact I must have been about a few literally about a quarter people or half people spread away you know I mean from from hitting targets right and then prices came all the way back so any profit that I had came all the way back right and I know a lot of traders would have been like oh my days you know I mean I what to do in this situation should I come out of the position I think that prices are gonna continue to go down and you talk yourself out of the trade I know because I've been there I have been there it's it's and that's what I say it's it's potentially a painful trade because to see you know you're you're so close and this can happen you know it happens to me all the time you're so close to making profits so so so so so close and then it's like it goes literally down into the point where you're losing money now we're not losing money but you know your account is in the negative right what you could have made is now evaporated in the fact you know you're back down here how many people probably would have exited the trade or would have maybe tightened up their stop loss etc we have to just accept the trade for what it is we have to accept that this is just random this is totally totally totally random anyways having faith in the fundamentals New Zealand and Swiss Frank you know prices did come back down and then managed to go in my direction and then this morning a nice pleasant surprise because I was filled yeah on my on my order prices actually went a bit higher and filled on one of my orders so now this is for me a slightly profitable trade at worst a break-even trade so but if you were entering if you had only entered into two positions what you want to do is actually first of all is you want to now cancel the pending order at the low right there and now you want to actually swing trades and now what you what you know your position the position that you should be in is you should have made a 2 to 1 on this so let's say for example you risk 0.1% on each trade which I always advise on the smallest amount you can you can you can do so 0.1 is your risk now you made a 2 to 1 which is 0.2 you bank that right take that off the table right take your risk off the table from that third position now you can swing trade this one position here now I don't know whether this is going to go to the heavens hopefully it does if it doesn't then it doesn't right if you get stopped out of prices come down stop us out right we lose 0.1% we banked 0.2% and we're up 0.1% right profitable trade and then we just wait for the next level none of us know where prices may turn around it might come all the way back down and then give us a nice little stop hunt trade right because here is you can see start to see now where there is a potential for a stop hunt right we've got a nice ranging market again in our from our time frame perspective we want prices to go higher but the financial institutions are accumulating this may be the point where they are accumulating right this is where they're buying over the you know over you know a week or two or three or maybe a month or two it might take them to to accumulate right so prices may go go to the upside or prices may go to the downside stop us out cool alright no worries next trade right wait for this type of scenario to happen and then just continue to potentially get long