Scalping For A Living & Proven Strategies - Jean-Francois Boucher | Trader Interview

it's like driving to work you leave the house on schedule you follow the same road and you get to work on schedule and if anything creeps up in your path you'll still get to work on schedule right you'll figure it out that's what trading on schedule is so has been on a podcast here on the show a few times we have a few deals together is scaer one of the only guys who Scout the way he does especially put this putting this out to people so uh I know you guys like the old interviews we

had so we do another one today here GNA go do some live trading together so let's start right in tell me what you got to show us today sure uh so I I was trading earlier with someone else so there's trades that you can see here that have already closed but uh I'll review the process very quickly so that everybody can get a a grasp of the the environment that I deal with every day okay so I come to work I come to my computer uh after the stock market has opened every morning so I

wait about 30 minutes and so the Stock Market opens volatility comes settles down somewhat and then I show up uh and then when I come to the computer the first thing I want to look at is the news calendar I need to review what kind of news will be impacting my trading if any and today I came in realizing that there would be us pmis and new home sales and so sure enough uh I took a pause about 10 minutes before the news came out the news came out we started trading uh myself and my

student about 10 minutes after 15 minutes after the news realizing that it was not going to go to the moon right because we had already taken a look at the daily candle and our daily candle today had reached 73 Pips on an average of 63 and so we already understood we had done more than the average and that happened all at once as a result of the news and so from that moment I started looking intraday and so on the hourly scale I want to see the extremes and what levels would I be dealing with

what where do I expect some kind of resistance some kind of support some kind of you know price action to be presented and so I don't know the future but I can look at the past and see where things took place before and I I can anticipate similar price action or similar reaction to price action in the future it may or may not happen but it's an expect right so on on this intraday this is an hourly scale on the intraday scale I'm just looking at levels that were useful in the past so this could

be days ago this could be hours ago this is on the way down and I'm thinking on the way up we'll be revisiting some of these areas right so we've already Revisited two of them there's a third one marked up there in just in case all right so this is from the top down I've already assumed that daily candle was bigger than average on an hourly scale we're making higher highs and higher lows on a five minute scale we can start to see oh come on on the five minute scale we can start to see

where we as Traders may want to take action right so if I'm looking intraday so this is on the five minutes I'm just looking in the past 30 minutes 40 minutes maybe an hour I'm not looking very very far in the past right I'm just looking where we came from today and in this environment I can have a call to action right so if we get back to this line here I can choose if I want to buy or sell right I have something to expect if we get to this level right I have something

to expect if we get to this level and as you can see this is creating a ladder right so I'm building a ladder I'm I'm creating an environment where price is now trapped and it has to go through these lines and as it goes through the lines I get to ask myself do I want to short here or do do I want to go long from here and so realizing that I have a top- down analysis I have a top- down bias I have to follow along with that bias and then this just adds conviction

to what I'm trying to do right so this call to action is either going to reinforce my bias or tell me to get out right it's going to tell me that something is wrong and so on average these lines happen to be about nine Pips apart right so if we measure this this is about 67 the average is about nine Pips all right so if we do this over and over and over and over this is five you'll find the average is about 9 to 10 Pips there's 10 there's 12 there's 12 and so what

we've come to realize is this average more or less is the sandbox we want to be playing in every day and it doesn't change all that much and so if you go to the left and you measure these swings day in day out and you average them to each other you'll figure out very quickly that you end up with this unit of measure like this box and the Box itself for the euro is nine Pips tall and it lasts about 1 hour long right so now we have this frame of reference right which represents an

average move we know it's nine Pips and the average move is an hour long and you can see here if I put the Box on that swing High we moved to nine Pips but we did it in nine minutes not an hour right it did not take the whole hour to go across the box it only took a few minutes to go across the box and so that screams at us that there's another box coming and sure enough the market gave us one more box right so it moved two standard deviations and then from here

it seems to have found support and we're bouncing off of support instead of breaking through it right so understanding where we are now looking to my left I see resistance right here right let me turn off these blue lines so that we can have a better idea all right so as we speak we bounced into resistance and now we're bouncing off of resistance back towards the low and as we we speak we are in the middle of the box and so what could happen next is undetermined right it could bounce up and go through the

top or it could bounce and go through the bottom the center of the box is 50/50 whereas the edges of the Box have a much much higher probability right because it's a measured move we measured this to be an area where we expect to see a bounce does that mean you wouldn't be trading within the Box or would you still Place trades there yeah so I do want to trade within the box that's where I make my money and then the perimeter of the Box allows me to manage the risk to gauge how much money

I've already spent and how much I have left to spend right so I'm using the perimeter of the box as a security blanket it tells me if it's safe to keep going or if it's time to back off right so if I don't have the box I'm just looking at price and price is reflecting the truth but it's not it's not telling me what is the next move if I put the box here I already expect the next move to be a bounce back down because of this amount of movement we've already done this right

here is an average move and so if I remove the Box do I know that this is an average move unless you're a carpenter and you know you know what an inch looks like without a measuring tape I myself I can see the nine Pips without the Box because I've been doing this now for years right but for most people you need the security blanket you need the measuring cup to measure the recipe right so as we see we've moved one standard deviation we're bouncing off the box and from here I can see resistance on

my left right here if we go back up so a green candle will allow me to sell right I don't want to sell when it's red because that would mean I'm chasing it down I want to sell it when it's expensive so a green candle right I know I want to be a seller but I want to sell expensive and so I have to sit here and I have to be a little bit patient and wait to see if I get a green candle if I get an opportunity to sell it EXP ensive right if

I turn on those blue lines you'll see how I was trading earlier hold on a second before you get there because a lot of people would be scared to go short on a on a green candle they would be scared to get anyone price goes against them by the way yeah so this is it right uh imagine yourself chasing the market at the very very top right here when it's green green Green what what makes you think that there's more green coming we don't know if there's more green coming and so most people will realize

oh it's a breakout it's a trend it's the beginning of a new trend according to Industry standards we're breaking out right so a lot of people will jump into this because of fear of missing out right it's green green Green it's a breakout and it's heading in the right direction all the check marks have checked except what comes next is the opposite and so what we need to figure out is measure this kind of stuff and understand what's the likelihood of that going to the Moon all right so if I measure from the low and

I start adding more boxes already I know that the Moon is unachievable we've moved three standard deviations already right so instead of buying at the third standard deviation I've been training myself to sell right imagine this being outside of the Binger band right it's now way outside the Binger band right so this is kind of the Box the Box gives you a frame of reference and it puts it in perspective it's normal or it's outside of normal and if it's a normal environment I make three Pips three Pips three Pips if it's outside of normal

I manage the environment I manage what I'm up against right so if I take a sell right there I'm selling inside the box right here I'm selling on that green candle my target is right there three Pips in front of me Target is right there and my stop loss is 36 bips away right there that happens to be four boxes away from the entry all right my entry is a little bit lower so there's the space there right so I'm giving myself space to get the job done and the job that I'm seing to do

is to average with this first trade if I must right so if this does not make me three Pips so if it does not go my way I need to somehow average with it more money engineer the exit that I'm looking for right so for example the market goes up to here and starts to go sideways up here I could take another sell there averaged with the original sell the average price would be somewhere in the middle and I would only be requiring a little bit of a pullback to get out at break even right

so even when things go backwards it it's not the end all be it there's an there's a way out provided you have a little bit of money right the problem we run into is we over trade and we don't have backup for the backup we don't have money to save ourself with we put it all on the line right so a lot of guys they'll put 1% per trade but then they have 10 trades so that's 10% of their account and now they're they're you know freaking out because draw down is chewing in to the

other 90% that they have left over what we what what I come to realize is I need that draw down right I need to float some money in order to make some money I have to have open trades to close trades right so if it pushes back up there's that green candle again right I'm making lower highs I'm making lower lows on the green candle it's giving it to me on sale right I just sold it when it was more expensive than one minute ago and the reason why I want to sell when it's expensive

is if I'm right and this is resistance this is an area of resistance the bounce will come at me in a hurry it will come very very quick quickly right and so by selling when it's expensive I almost guarantee my exit if I'm right if I'm wrong I just go into draw down and that requires me fixing draw down it's not an automatic loss and this is where the people have an issue with this strategy right because the industry has them trained to book a small loss book a loss book a loss book a loss

and then when you are winning you pay back your losses and so you remain breaking even it's hard to get ahead if all you do is lose lose lose right so what I've come to realize is I need to float some draw down I need to have a float in my cash register so I can make change all day so I can do business right so this is it I'm opening trades four trades per box and the size that I'm using four trades per box is approximately 1% of my account right so I take that

1% that the swing Trader is taking but I'm breaking it up into four pieces and I spread these four pieces according to what I see fit right according to what I see in front of me and so I'm spreading my risk instead of putting it all at once hoping that I'm absolutely right and the average of me spread spreading that risk is what I control right that dotted line here is the average of the two trades that I've already taken if the market pushes up into this upper box it entitles me to four more trades

the next 1% and then the next and then finally the last right I'm only allowed to have 4% of my account at risk so that's four boxes worth of Trades all in the same direction all looking for that same move right so I'm spreading my risk much like butter on toast right and the size is the thickness of my butter right and I'm using the same piece of toast every day right so I'm always spreading the same amount of risk hoping to yield a potential average yield every day PA a y potential average yield right

so I recycle the same number of Trades day in day out day in day out on average right so that would be about 30 to 40 trades per day and that's uh within that 2hour window that I create for myself right the rest of my time I dedicate it to know teaching this stuff but my live trading is done at the same time of day every day and it's a business and then if we operate like a business automatically you start to manage costs and you'll soon realize that trading the euro in this fashion is

the cheapest and you don't need more than a couple hours of work every day you don't need to trade 18 hours per day you don't need you know six seven swing trades on six or seven different instruments um I I do swing trades but not in this particular account and not with the euro right so it I have pages in The Playbook this is just one page of the Playbook right this is just one way of milking the cow instead of beding the barn right so yeah in theory what we're trying to do is is

milk the market right we just want to extract the same consistent return over and over and over and then ultimately you're looking to create stuff that looks like this um you know this is 55 trades in a row and they're all the same size right and then if you leave the casino every day typically on schedule you avoid the casino winning you avoid it taking its money back know the people that over trade tend to lose in the afternoon the winds that they earned in the morning and so right here right now I'd be wise

to call it quits you know maybe give back that $160 and walk away right because I've already won I've already profited from the casino my pushing my luck is just asking for ruin and that's where the two-hour business day comes in right I it's not because I afraid to make money it's because I'm afraid to lose it right and so this method ology this thesis requires timing more so than I think any of the other strategies you know I I use time to exploit volatility because I know it's there and I by the same token

time of day tells me volatility is about to disappear and so I don't want to get stuck holding the bag when there's no no exit coming my way right so if I can just just close a couple of winners here as we as we speak it's the bottom of the hour right now right the bottom of the hour 9:30 and so we are approaching the banker the banker close the banks in Europe I have to know set the stage to close and so uh the bankers in Europe don't work overtime neither do our bankers and

so you know the banks will close on schedule and with that that behavior comes an influx of volatility right so everything we do and everything I do here as a uh a circadian Behavior behind it right somebody is doing something for a reason and then when that somebody goes home or goes to the pub my business day tends to slow down and stop I finish trading by lunchtime New York right because the bankers in Europe are done for the day you canare the market to being the casino I know some Traders say you have to

be the casino yourself tell me how that plays out and kind of how you differentiate yeah so I trade probabilities and so what happens I I'm not necessarily waiting for the confirmation I I see the market unfolding I see the trade set up and because I've seen that Saints set up you know 80% work in my favor I'm willing to bet on that 80% and so I don't need that confirmation bar which is half of my three Pips I just trade preemptively and basically what I'm doing is I'm trading the next move right so I'm

trading like Wayne Gretzky played hockey right if I'm selling it's because I think the market will eventually go down even though it might be going up right now right so it's much like a casino is postponing gratification ation right it's okay to let the guests win right now because in the end we're going to no the house will win in the end it's kind of what I'm doing here right I'm spreading my risk as the market is moving against me delaying or I guess postponing gratification and eventually I get paid right just like the casino

put two green squares on the roulette wheel just to shift the in its favor otherwise it's 50/50 right so my Edge uh basically revolves around time of day and support and resistance right I don't really care much for Supply or demand considering Supply was yesterday and demand is right now right so I'm trading support and resistance as I see fit and this is just an assumption which is the best part right it opens me up to being wrong all the time I don't have to be right all the time right it's an assumption it's all

it's okay to be wrong because it's so so cheap it's a microscopic amount of money compared to the account that I'm working with it's the willingness to make that mistake and to spread a little bit more risk spread a little bit more risk and eventually you've postponed gratification you've built a position that should should that's the word right that should pay off and so the probability exists that things just keep going the wrong way forever and ever and ever and you have to know where to stop this is where the ejection seat comes in all

right so I have this limit I I'm not I I'm not trying to pick the top I'm not trying to pick the bottom I just happen to be here when when it's form you know I'm not I'm not specifically targeting the entry like a dart right this is more like spreading butter on my toast and I know somewhere in this area I'll find the swing that I'm looking for I'm just playing the ballpark I'm playing the environment I'm not I don't need perfect accuracy which for a long time had me chasing my own tail you

know we we were looking or I was looking for accuracy with the entry I needed the best entries possible and I've come to realize they are not connected to the exits you know I make my money when I close the trade not when I open it and so managing the exit is more important than managing the entry the entry is a probability of success right I was led to clicking my mouse because all the check mark all the check boxes checked it leads me to opening a long or opening a short with that has a

probability of success 93 94% and if I'm right I make money 94% of the time those six out of 100 one of those six has the ability to wipe me out and so it's my job as a risk manager to catch the losers right so here in box number two I would have been wise to take another trade I'll I'll take two right so now I I have two trades in box number two I have two trades in box number one four trades in total the average of which is between the four trades right there

and it's cost me $4 of draw down to move my break even up all right so now my break even is within reach my break even is one bar away all right and so I don't need a big big move I don't need the tide to lift my boat right I just need a small move in my favor and that draw down disappears becomes profitable it's like a caterpillar it's like walking a caterpillar you know it pushes the front and then it pulls the back right so I have four boxes and I can only have

four boxes if the market require box number five I have to close box number one right so I'm only using the money that I have in the box that it's allocated to so I'm allowed 1% per box I'm allowed four boxes that's basically it I just spread the money as I see the opportunities presented and in the end the next move right so the next move is anticipated to be something like this right something that reflects the past right anything can happen but this is the beauty of what we do right the probability is where

the money is I trade probabilities and I'm having fun doing it you know I'm I'm wrong a lot I'm wrong a lot and I still come out ahead because I'm averaging my mistakes explain me how you wrong a lot and then you have a 94% win rate I'm curious to see how that play okay uh so here being wrong would be something like this right here so right so the Market's coming down and I sell on this was a green candle at the time there would have been a green Wick there I sold the green

Wick I made a little bit of money green candle I sell again and instead of making a little a little bit of money I was wrong and the market pushed up I sold twice more I had to wait 15 16 17 minutes to make money I was wrong I was wrong I was wrong I was wrong I was wrong I was wrong I was wrong I was wrong a lot right but I was building a position across the box and in the end all of my mistakes ended up making me money right so carrying draw

down in the Layman's mind it's it's a mistake draw down in the average Joel's brain is a loss in reality draw down is just an open trade it it's necessary evil you have to have draw down you have to and so you can you can work to minimize it but there it will always be there every click you you click on starts negative right and so I just I'm I'm content operating within draw down and I have this envelope of draw down that I work within it's 36 bips or less right so I have this

bubble of risk that I'm willing to operate within and inside of that 36 pip bubble my job is to make as many three pip trades as I possibly can but they're not random I'm only selling because I see resistance on a green candle right if I was buying uh if we go to yesterday yesterday I was along yeah so yesterday I was buying and day before I was buying uh right we're we make mistakes all the time doing this all the time but in the end with time you you find break even right you engineer

and exit that's less damaged less damaging than than the stop loss all right so here we averaged four trades together and now we're literally breaking even we're $1 away from breaking even right so instead of taking one trade and waiting for one outcome I took the same amount of risk that 1% and I spread my 1% to engineer an exit that will deliver something other than you know one or the other when you're swing trading you you're relying on one exit and you don't have control over that one exit right it's pre it's predefined you

have your 2:1 risk reward ratio and you don't interfere what I do is I Define the risk and I interfere with what the market is trying to do right I I changed the outcome by changing break even all right so we've just made some money there we just closed a couple of Prof got me see what happened there so you have the trades that closed in so the trades took higher did they reach to take profit or yeah they they reached the three pip take profit and so we booked those profitable trades and as such

the target the break even moves lower it's now reflecting breaking even for the remaining two trades see that green candle there I'm recycling the two trades boom boom all right so I just took back the same two trades okay so I made a little bit of money I'm putting the two trades back on in this box so the money that belongs here is here and I'm hoping to basically recycle the exact same trades redo what just took place all right so it's like rinse and repeat right if I'm wrong we will test the next level

of resistance and that opens me up to clicking a couple more trades right I can only have four clicks per box and so I need to be recycling the trades like we did here over and over and over and over and over tell me about your bias does your bias change in a given Le because stivity had two different bias who were going short then you will go long later so what makes you decide to go short or long at a specific level uh so I start my day with the schedule in mind and then

with that scheduling uh thesis I find myself near the top or near the bottom of the day at the same time of day and so with this information I realize I don't have much more to go I'm either know I'm here for the North American session which is the end of the day and so I'm here to fulfill the average daily range if I can fulfill the average daily range odds are the day is over like the volatility will shrink away and that's typically what will happen there's times during my two hours that I find

myself having to reset my bias but odds are it's one bias for the whole two hours it's also very rare that I'm here for the full two hours right so the 2hour window is there but I don't use the whole thing and so more than likely I'll find the bias from the top down analysis I'll trade that bias for 30 minutes an hour and then I walk away uh if I end up sticking around longer than that I find myself having to change my mind a few times during the day right it's every one of

these Cycles here every one of these up legs or down legs it's either what I'm trying to do for the next two hours or it's the opposite it's counter Trend to what I'm trying to do for two hours right I'm not here forever I'm only here for the next move and as we speak you and I are trading this as the next move all right the this is what I'm building a position for all right so I'm not looking at this I'm looking at that and then if I'm wrong just to make it clear so

the resistance area on your one hour shot yeah I'm I'm looking at this area here to see if we break this maybe I'm wrong and I need to average out if we bounce off of this I'm probably right and I'll be making my money on on the way right so it it's it I'm it's a seesaw like a teeter totter and I just choose which side of the Seesaw I put my money on the the proof has to be there for me to change my mind I don't want to f flop I don't want to

play ping pong ping pong I want to play ping ping ping ping ping and then switch to pong pong pong pong pong and so it's it's ideally I know when I'm wrong if I've gone into box three right boxes one and two are reflective of a average move boxes three and four are Beyond an average move and usually call for you know a break even and so it's the security blanket it sets the stage for me to understand what's taking place what do I need to do here because we've moved four boxes the people that

don't track this kind of stuff they think the Market's on the way to the Moon right oh it's on the way to the South Pole it it's not it's it only moves average upon average upon average it's an average day sometimes it does more sometimes it does less but it doesn't do 5 days in one afternoon all right so this is why we have to keep our mind grounded and this is where the Box helps me ground my expectations right I if I assume this is a high I put the Box on that assumption and

now because of what I'm working with I would expect the price to Waffle its way in this box until here it should take about an hour anything faster than the hour is a clue that there's probably more volatility coming and maybe one more box right so a normal Market takes its sweet time to move nine Pips anything that's not normal or volatile is faster than an hour and therefore you probably get more than nine Pips in the hour all right so it's it's one versus the other and I find I I realize which end of

the spectrum I'm on and I put my money there you know I I understand when things are are shifting away from me boxes three and four and I understand that's becoming problematic right it's not looking favorable and so that's when you start peeling out the losers instead of hoping and praying things go you take a you take action right you remove them all right so uh understanding what's unfolding the next move here we are you know the next move is kind of what we we participate we take part in this and it's only because we

can measure the past I can see okay this is done an average what's the probability that it does two averages three averages four averages I think of it as a recipe and this is a measuring cup and you're just measuring the recipe you know the market moved up 1 2 3 four five and a half boxes right we don't change the size of the measuring cups we changed the recipe all right so it the market now has retraced nine Pips and because it's doing so so much faster than expected we would expect another box the

next hour could be spent in here right and there's also a probability that we bounce off of here and go back up oh there's the break all right so now we expect this as the next Target right see if you go to the ladder that we drew earlier we broke the level and so now we're targeting the next rung on our ladder all right so if it pushes back up a green candle I want to sell expensive right I want to see a green candle and I want to take it on sale basically sell it

if it's red I'm chasing this and I I don't want to sell it when it's the worst price right and so the Box allows me to see what's happened see what should have happened and understand what the market is capable of doing still all right so we've had uh one two three 4 five six winners in the last hour it's not so bad definitely not doing bad that's pretty cool but it shows how people sometimes not listen to Common advice like people say oh you have to buy a green bar you have to sell a

red bar and these levels you're doing it like the opposite which is kind of cool to see that you can do it that way too yeah yeah you as long as it works for you as long as you understand where your idea is flawed right so you have to highlight where this is not working anymore before you click the mouse and so for me this not working anymore is 36 Pips and inside of that 36 bip Zone I Engineer what I'm looking for if I go and buy a new dishwasher tomorrow I'll figure out how

many clicks I need to pay off that dishwasher and then I'll do 20 or 50 clicks per day and leave the casino right I don't want to blow my I don't want to blow my luck at the casino and so this is it if I under if I push my luck Beyond two hours so if I'm now trading when the volatility is shrinking I'm holding the bag and I really don't know what's coming next I'm it's now up to the environment right if I trade that 2-hour window I'm trading a neighborhood that I'm familiar with

in it's like driving to work you take you leave the house on schedule you follow the same road and you get to work on schedule and if anything creeps up in your path you'll still get to work on schedule right you'll figure it out that's what trading on schedule is right I expect normaly but I deal with the facts and uh my normaly is two to three boxes and if I need a fourth I need a fourth it's there's no sure thing there's just one process that I exploit and it's one shovel that digs the

hole or it fills the hole I don't go get a new shovel because I created a problem for myself right so no no it's one set of instructions will create a big mess or fix the big mess it's the operator there there's my green candle sell all right so I'm not selling the house I'm only selling a one tiny tiny tiny trade and if I'm correct I have a win feels good doesn't have to be a million bucks right the Good Feeling is really what I'm chasing and then this uh good job good job good

job the recycling of the trades uplifts it's like you start your day with your glass half full and you finish your day with the glass half full once in a while you'll get cornered you'll get painted into a bad position and you give up a few trades right but that's that's what trading is you know I don't win all the time I I take losses just yesterday yesterday I took six losses that cost me almost a 100 bucks I'm still trying to recover that $100 from yesterday right but th this is the kind of stuff

right I'm I'm dealing with the facts as I see fit and that I'm trying to overcome my losers with an overwhelming amount of wins know highly probable readily achievable three pip trades I'm not asking for the moon I'm just asking for three Pips over and over and over I do have losses they're they're upside down they're bigger than my wins but they're far and few in between right so uh you know here we started with 11,000 we're up 700 bucks and it's only been three week it's only been what a week two weeks right so

the the strategy Works quite well we just have to understand where you have to say enough is enough each day and so that's a 2hour window maybe it's a 20 pip Target that you have or a 20 trade Target that you have you know you have to have this potential average yield and walk away when you've reached it a lot of people I work with they they don't have this expect Y and so they start the day hoping today will be the day that they figure it out it it will not come in one day

it will come in a series of days over 20 years you know so yeah the the strategy gives you the freedom to make mistakes and those mistakes have to be looked upon as opportunities to learn something you know it's I'm always learning something new man I'm having fun doing this I love it tell me about this these boxes and this star you have for the day is it based on the ATR are you able to get this right away from the ATR or did you have to go the market manually look at the box and

movements and everything well the boxes came from the market itself so the Box the box was measured on a 5 minute chart and so the average moves on a five minute chart right here these average swings are about nine Pips and so this is where the Box comes from we just happen to use it on a one minute chart because now we have 60 bars instead of 12 right the Box in reality only has 12 five minute bars and that was not enough opportunities and so once I zoomed into that 12 Bar box with a

one minute chart it became 60 bars across 60 bars at right now 1 and 1/2 Pips each uh ATR was not part of the plan but it became part of the plan because I I noticed the consistency was always there and that's where this potential average yield came to be and so I started by focusing on the time of day to minimize risk but then I realized that same time of day gave me the same paycheck and so that became potential average yield right so some days it's $50 some days it's $300 but over time

it's average and it's within that 2hour window my biggest losers always come from the trades that I take before my two-hour window so if I show up to my computer an hour early those trades will cost me at the end of the day if I trade within my two-hour window I I can leave the casino Problem free so it's reviewing the mistakes reviewing the journal really opens up you know what your potential is and then after a little while you realize hey I do the same work every day that becomes your paycheck you know and

I'm I'm not looking to reinvent the wheel I just want to make it go around and that's where the top down analysis came in right the top down an looks at two groups of people it looks at the daily Traders and it looks at the intraday Traders and then uh I try to align the two together right I try to see what the investors are doing with the day Traders if we have the same ideology the same thesis for today it tends to help me you know it lifts all boats the the theory gives you

the flexibility to try this on any instrument out there right I have a friend that trades the same thesis on the Dax there's another fellow in our community he does this on the aussen uh know depending on where you live that 2-hour window is different for you than me and so you have to trade what works for you in that 2hour window all right so yeah the the box is there we just have to figure out what the box is for whatever instrument you choose to trade all right uh I trade something very similar to

this uh when I do uh mnq NASDAQ and it's the same idea but the box is a lot smaller and everything is a lot quicker with Futures and a lot more expensive but it's the same thesis right standard average moves and you can track that with your mind's eye you can see what an average move looks like and you can expect when the average move is finished right this right here right if this is an average move which it was over and over right is this now going to bounce oh look at that right is

it bouncing I think so right there's that big wick right here all right so that's the kind of stuff we look for that's the kind of stuff we play off of and our trades don't last forever they only last one or two bars and so it's the recycling of your trades that make you the money you know I'm I don't want to be placing 10 trades per day on 10 different instruments with 10 different targets and 10 different stop losses I would rather repeat one trade 10 times and looks like you're a trigger that's pretty

good yeah so we've made uh We've made a little bit of money we had a good hour good hour of discussion and uh you know if people need more of this you know where to find me yeah tell me where can they find you then I'll connect with you or we out to this interview uh well the Jasper Forex YouTube channel has been up and running for about three months now so I've got about 90 videos so there's a lot of information there if they want to review hourlong trading sessions from the past uh I

also trade this daily live in front of my small community of Traders uh to get into that Community you have to follow uh Jasper forex.com the website and then go through that process but uh I I upload videos daily and it's from uh live sessions that I do that morning and so you can see you know how things evolved uh for yourself you know how how I did compared to how you would have done it so to speak awesome I appreciate you down here a lot of good advice as always always blow my mind with

these interviews here so I really appreciate that hopefully we can do that one in the future and uh connect with you soon awesome thanks