 Hi, my name is Leon Roe currency trader and trading coach at trading 180 comm and welcome to this video on projecting your trades into the future now What this has to do with is? Taking profits too early right is a common problem for a lot of beginner traders right when you're In a trade you've just bought at a level of Demand or if you're still trading, you know support and resistance which we trade supply and demand If you bought a level of supply and demand right or sold at a level of supply bought a level of demand what Traders tend to do right is to say the market will come down. Oh one sec the market will come down Right into a level of Demand right and then they see their entry and they want to be a buyer, right? Now what happens is is? Traders will you know the market will move up right and Traders will look in their account right and they'll be quite happy So about this drawing right supposed to be a happy person and They'll be happy that you know the they're looking at their account and they're seeing You know profits start to go in you know accumulate right but your profit is Unrealized profit right until you take until you press you know take profit on your on your broker's platform, right? It's not realized so what happens is that the money's going up money's going up They're thinking all right shall I buy shall I own shall I take profit right shall I take profit? shall I take profit and they think no this is gonna you know go to the moon hopefully and You know this is gonna keep going on what you know what their expectations are is for the market to literally keep going like this All right when you're in a trade, that's what you expect We all do it right we don't like You know pullbacks we want to make as much money in as quick time as possible, but what happens in reality Is that the market will pull back right and Then what traders see is You know they're what they could have made right the unrealized profit start to diminish and then they obviously become You know a bit sad they start thinking about our man Sorry about the big face, but um It's not thinking to themselves our man. I should have taken profit right here This is why she's taking profit the markets not gonna come back and especially if the market does you know something, you know starts to you know mess about right and So traders will you know look at that start to feel you know negative about the trade and Then take profits too early right and thinks I was like a little profit is better than no profit Right how many of you have thought about that? You know I hold my hand up. I've done exactly the same thing right now What we have to expect is at least a higher low and higher high to occur if we are potentially buying at a Level of demand or an area on a price chart Where we feel that you know prices are potentially going to run everybody talks about you know the trend is your friend, but How many of you out there allow the trend to be your friend right? How many of you actually get in at the beginning of the relationship? You know that there's that saying you know you wasn't with me shooting in the gym, right? This is shooting in the gym, right with that friend at the bottom. Yeah, because when the market rises yeah, and And you know it was a when but if the market rises you want to be right at a minimum Right, you want to see a higher low and the higher high if you're obviously buying And this is what you want to see right? I was you this is what you should expect to see and this is what you should really be projecting, right? You should be projecting a pullback right before this even occurs, right? Let's go back What you should actually see Right or what you should be projecting into the future is Yes, potentially you could have taken profit here, but when prices pull back, right? Expect the pullback project when prices are here, right that you're gonna get some sort of pullback It's normal the market moves in waves. It's profit-taking. There's new buying, etc Right, and if you're at the beginning of a potentially new Trend a new wave or new higher high higher low sequence, right? Then project That when prices reach a certain level where you may want to take profit if prices do, you know Go higher and then pull back. Don't get You know filled filled down about don't look at your Unrealized, you know profit and loss on your brokerage account and think to yourself Or maybe I should have taken profit here, right? Expect the trend to be your friend, right? If you believe that this was you know, this is an undervalued area because if you think it's undervalued, right? Which is what supply and demand Is is is supplied demand and value, right? You can't get, you know demand isn't demand unless people think that they're buying at a At a certain bargain or cheap area, right? And if this is really a cheap area, then you have to expect a Pullback at least and then you have to expect a higher high at the minimum Right, so don't worry again. This doesn't always happen. The market can do what it wants But if you have the belief of value, right? Then this should really be the minimum don't feel that You know that you should have taken profit here, right? expect the pullback project into the future, right? What's gonna happen and then look to You know take profits Depending on obviously higher highs and what your what your plan is now There is a caveat to that. Let's say for example, you are looking for let's say, I don't know a hundred pips for example, right? I tend to go for You know hundreds of pips on my trades if I can at least minimum of Of 80 pips depending on the currency pair, but I tend to go for quite a few hundred of pips whenever I trade and Let's say for example, I meet, you know, my hundred pips target, right? That's my target. That's my plan, etc right There's nothing wrong then we're sticking to your plan and taking profit Right and then re-entering on a potential pullback, right is and re-entering right here, right and But if you haven't reached the target or you have no targeting just looking to ride the trend, right? Then expect a pullback project into the future and I'll show you on a price chart next what I'm talking about And give an example of a trade that I took last week Which worked out in and didn't work out and I'll show you exactly why And how I projected into the future. So, yeah, let's get to the the price chart So here we are on the pound dollar daily time frame chart now This is a level of supply which I sent out to all of my subscribers who subscribe to my email alerts every week and if you watch my Videos if you don't if you're a new Subscriber to this channel or new watch to this channel make sure you subscribe as well and never miss never miss a video so last week Right, we came up into this level of supply, right and I wanted to be a seller so Let's go down into a lower time frame chart and Let's go to bar replay right now Right, so let's just imagine right. This is what you saw and this is all you saw right and you've got in on this nice outside candle very nice candle nice stop-hunt here as well and You are, you know, very, you know, you're obviously sure and you're You'll bearish on this or bullish on the dollar bearish on the pound, right now What traders expect to happen? Yeah, is this It's for prices to literally shoot straight down. It's what they want to happen. All right Now we know that the market as you can see moves and waves higher highs higher lows lower highs lower lows All right, but when we're in a trade for some reason, you know, we this is what we expect to happen now Now What actually happens now is we get some price action price starts to go in in the direction All right, and then we get this, you know, this bullish candle now Let's go back a bit. All right at this point Sorry at this point now You've you're looking at your account and you're seeing oh, you know brilliant I've made some money probably a one-to-one made depending on where you put your stop Excellent, right traders are not really expecting a pullback. Right, which is how the market moves And all of a sudden this candle starts to occur. You start to see your profits Evaporate your unrealized profits evaporate. All right, and you start to see something like this This is where traders will take profits Early because they've just seen what they could have made and now they're seeing prices go back against them All right, and then this is what happens now what we need to do as traders is Projects into the future and how could be projected into the future? Again if we go back Right, let's go back and let's look again At Here right now we can see where there is probably a trouble area Right and where traders are going to probably be Where the market is going to react and it's going to be probably around this area of what traders trade and know as support and Resistance twice you got a bit of resistance here resistance here, right? Resistance here, which is really just a supply and demand zone is projected into the future Now if we're projecting into the future, right? What you want to see Right is you want to see something like this take place. Sorry for the noise outside Some sort of street sweeper. So you want to see This right you're expecting price to react here This is a trouble area and You're expecting this is what you want to do is project into the future, right? You expect a pullback and then you expect at least another move Down, right? So when you project this and it actually happens It builds confidence right it, you know, it's it you're not gonna take profits early It's something that You're expecting to happen You come when you get the pullback. You're not, you know, stressed out or anything like that You're not constantly checking your profit and loss Your P&L every, you know, five ten twenty minutes, etc. Right? You're expecting this to happen because the market moves in waves, right? And again as we Probably have already seen, right? This is Exactly what happens, right? You expect a pullback. You expect a move down, right? Expect a pullback and And expect to move down now I took profit here, right around the one I think it was the one for 180 level just before this this demand zone is daily demand zone and Unfortunately, and I was expecting a pullback here, right? But I wasn't around for this for this for this pullback and move down Unfortunately and as we can see if we Cancel bar replay, right? It's gone for quite a few hundred pips I was actually planning really planning on getting in at the pullback around here but it wasn't around missed it and then because I was projecting into the future that we would have at least or Potentially another leg down doesn't mean it's necessarily going to happen, right? I've already made 240 of pips on this one my risk wouldn't have been 140 on this one right and I was also expecting prices to maybe you know Kind of mess around before You know we eventually got a breakdown so and the reason why I do that is so that I'm not What I get to the habit of doing that is so that it's expected, right? Obviously I expect to lose first of all, right my mindset is every time I go into it could be a loser, right? Then I have my profit targets, and I also expect a pullback as well, right? So Hopefully that helps with and anyone out of you out there who was watching this who is suffering from Taking profits too early right projecting to the future draw on your charts whether it's trading viewed MetaTrader4, etc right draw on your charts expect you know the Pullback and then at least a minimum of a higher high and a higher low or a lower high and lower low to occur if you're buying at a level of supply or demand right and Yeah, hopefully that helps please like please subscribe if you if you did like this as well comment Email me at info at trading180.com if you have any questions or leave a comment, and I'll try and get back to you ASAP don't forget to also Sign up to the Weekly supply and demand levels the link is in the description box below as well as some other Some other video links as well. So take care until next time