 You're right guys. So this is how we're gonna take advantage of Losing traders. Yeah traders who phomo in and traders who can't accept the loss you suffer from something called Loss aversion and traders who don't use stop losses. Yeah When they trade and this is exactly how we're gonna do it So first of all, you need to look for a setup that of traders will take now There is only really three types of traders. There is the breakout trader Yeah, you've got the retracement trader and You've got a level trader. Yeah, they will trade So What we need to do is we're understanding, you know, as we know that the forex market is a zero-sum game So for someone to win someone else has to lose So I'm trying to take advantage and we're trying to take advantage of losing traders and how do we do that? By understanding what they're doing. Yeah at a certain You know certain setups that they take. Yeah, and when no setups fail. Yeah, and you can see it It's very obvious to see. Yeah, so what we're doing is we're seeing this level So I know how breakout traders trade they're looking at this level one two three and what they're anticipating is what? breakout Because you know when prices go from one market state, which is trending. Yeah to them what? Ranging. Yeah To them what? Trending maybe to the upside or to the downside, etc. Yeah So they're looking at that they're looking at that and then looking at you know, this trending ranging trending, etc so At the moment they're looking at what some sort of breakout So what should happen if we see a nice candlestick on the hourly time frame or any major traded time frame? Then probably the chances are that breakout traders are gonna be getting in breakouts at that level because they don't want to wait Yeah, because prices could keep going higher and not give the retracement Traders a chance to get in. Yeah But what do we get a nice nice? Move to the upside I can guarantee you that all these traders would be Placing their stop losses probably around here if they trade with stop losses, and if they don't trade with stop losses They're definitely still getting in regardless right here and trying to maybe mentally man manage their Yes, they're their risk. Yeah, so we know that they're in yeah, this is the capture phase. Yeah, this is the this is the That the the temptation this is the commit Yeah, because if they're not gonna commit now and prices go higher then that's it If you know, I mean then then they're gonna then it's like they have to take a That to get in at a worse price So they're trying to get in at the best price possible and they're in here. This is where they enter. Yeah But now once they've committed capital. Yeah They're pretty much now caught in their positions. They're committing because of FOMO They don't want to miss out on this move so then what we're looking for is Where this trade fails now this trade could go to the heavens we have no idea not none of us do yeah But what I can tell you for sure. Yeah is when it fails in them and let's zoom in a little bit so immediately prices start to reverse back down to here and Would you think what tracemen traders are doing? Yeah, so these guys here Tracemen traders now. I think I think my lucky stars momentum momentum How many times have you heard momentum of the momentum to the upside? Right? No, no, no, no Well, say no yet not yet, but let's say this reverse back a little bit One second, let's reverse back a little bit. Yeah So retracement traders, we know how they get in they get in Because they're looking for price action at a level of what? Resistance should turn to what support we got a nice little pin bar price action price starts to look like it's moving higher This should now start to move higher. Shouldn't it in the same way that the breakout traders thought that this was gonna move higher Now again, if this moves higher, that's none of our business. Those traders make money good, you know For them what we're looking to do is take advantage of when obvious setups fail these traders So we know that not only a breakout traders in but tracemen traders are in as well now We start to get a failure in that reality Yeah Start to occur now traders who don't trade with stop losses or traders who are not disciplined enough to you know Take accept the loss due to Something called loss aversion where losses feel worse than gains feel good. They're gonna start to either Move their stop loss instead of having it there and I'm gonna move it there I'm gonna move it there in an attempt to not get stopped out as prices go against them Yeah, but what that does is instead of risking one or two percent Now they're now they're down five six seven ten fifteen percent as prices go against them This is what is known as the pain phase So they've been captured in their position Drawn in by price action and then the pain phase and the further prices go down the more pain that they're in And on this pair you're on New Zealand. This is probably moved from the highs from one point six nine to one point six seven maybe about a hundred and fifty pips or so Yeah, down here be about two hundred pips. I guess keep going if it goes down. She has to zoom out Back right. So yeah surprises. They're going for a bit of pain at the moment. I have to go for a bit of pain What do you think these guys? Yeah What do you think these guys are gonna do if they're still in this? This trade here and they're looking at the pain and they're seeing if I get you know an opportunity to get out for my original loss If I can get out, what do you think I want to do? What do you think they're gonna do they are going to exit they're gonna try and look for some pain relief Yeah, which then their relief is up here, but if they weren't long Yeah It's the supply and demand equation. There's no point in just trading levels of supply and demand if you don't understand the Psychological element the zero sum element, you know to to this, you know, so if these guys got long here They bought here. What do they have to do to exit? I have to sell to exit. You got press selling your broker No, do I break out traders? We have retracement traders looking to sell so there should be supply around there We also have traders who bought from down here. Yeah Nice buying opportunity potentially where they're taking profit Somewhere in the same area. Yeah, somewhere around here probably more at this level of Support sorry resistance resistance should turn to and that was failed support should turn to what resistance. Yeah So We've got supply some more supply orders there from take profit. What else do we have? We have Traders who are going to be entering new positions And they're getting short that's more supply. All right, that's relief Yeah, so Net net we should have in this whole area here in this whole area here We should have what more Supply orders Then demand Yeah This is how the supply and demand equation works. This is how we take advantage of traders Yeah, don't use stop losses who are probably adding into these trades Oh, and just to you know, just another side note as well Is that the traders that don't trade with stop losses that have been adding into trades and they're making money on the way up Where are they going to end up taking? You know profits on their trades to make up for the ones for the trade that they took up here If you know, I mean so they were in a losing trade But as they scale in Martin Galin or whatever it is they do they're going to be taking profit as prices go to the upside as well, so These guys are gonna make money probably covering their loss here, but it still adds to the supply and demand equation Here as they exit their trades and take profit Yeah, so Net-net we should have more supply than demand at this relief zone capture pain relief this is how you take advantage of losing traders and their biases and traders who don't trade with stop losses this stuff happens over and over and over again and Yeah, this is basically how we trade. It's not trading in hindsight. It's trading Actually matter of fact, it is trading in hindsight. It's trading. It's hindsight trading. Yeah This isn't something that you know is Is is is taught in you know on YouTube or in in the forex world. It's a really a unique concept and If you know rather than chasing price what you want to do is you know look for where traders are Captured in their positions. Yeah, where you may have taken this trade yourself If you're a breakout trader if you're a retracement trader and then I'm trading in hindsight because I'm looking at you guys And I'm saying I know you guys are caught in your positions. I Know for a fact. Yeah, there's an argument that says that, you know, they're a trader that would have been stopped out Fine. I'm not talking about them. It's all about the guys Lady ladies as well that trade forex that don't use stop losses that are not disciplined enough to use Or to remember they keep removing their stop losses And I'm looking back in time and I'm saying yep I know something about them that they don't know about me and I'm gonna take advantage of that Take care and I'll speak to you soon if you have any questions leave it in the description box below and I'll try and get back to you As soon as possible. Take care You