welcome back to another video soil here and today I want to talk about a very powerful indicator that can make your profit consistently this indicator was developed by John Carter who is a famous Trader and author of a good seller book about trading he is also founder of simpler trading formerly known as trade the markets which provides educational materials by the help of a community of Traders John Carter created the famous TTM squeeze or the squeeze for short which you can see that this new version of squeeze Pro indicator has a big price tag to have it on these trading platforms but no worry and you can have this indicator for free on tradingview platform here we click on indicators and we search TTM squeeze we add this one TTM squeeze Pro which is written by someone named beer defread alright this is the exact new version of squeeze Pro indicator that I just showed you with that big price tag but now you can use it for free here on tradingview platform all right let's see what we have here this indicator has two components the volatility component which is these small dots that you see here in the middle of the indicator and directional component which is this histogram that is moving above and below zero the volatility component which is these dots here in the middle of the indicator are built based on another true volatility indicators Bollinger Bands and Keltner channels let me add them to the Chart so you better understand how this indicator Works Bollinger Bands this one and healthner channels this one alright let me change the Bollinger Bands color so you can understand what they are here for the offer I make it to red color for the lower also red color let's remove the bases and background alright so now it's better when Bollinger Bands become so tight that they completely go inside the Kelton channels it shows a very low volatility and it means that the market is in an extreme consolidation and statistically it gives the possibility to have a breakouts at the moment the multiple lawyer of the Kilner channel is set at 2 by default and in the older version of TTM squeeze it's set at 1.5 when Bollinger Bands were completely inside the Keltner Channel we had the red dots and when it was out of Kelton channels Green Dots appeared so when we had red dots the market was in a squeeze meaning consolidation and very low volatility and with appearance of Green Dot it was telling us increasing of volatility so probability of breakout in either direction up or down appearance of Green Dot is known as The Squeeze has fired and there is a potential explosive price movement up or down and this new version of ttms quiz we have three different levels for Keltner channels 1 1.5 and 2 and based on the location of Bollinger Bands in each of these Keltner channels we have different colors here for the dots that appear here in the middle of the indicator this will help us to differentiate between different levels of squeeze in the market orange dots show high compression or large squeeze which means that one or both of Bollinger Bands are inside the first Keltner channel the Keltner Channel with multiple layer 1. red dots show medium squeeze which means one or both of Bollinger Bands or inside the kiltner Channel with multiplier 1.5 and black dots show low compression or low squeeze which means one or both of the Bollinger Bands are inside the kirkner Channel with multiplier 2 and finally Green Dots show no squeeze which means one or both of the Bollinger Bands are outside of the third ATR the ATR with multiplier 2. so the green dots show no squeeze black dot low compression and squeeze Red Dot medium squeeze and orange dot show the most compressed and squeezed situation in the market the greater the squeeze the more probability for explosive moves and the less compression or squeeze means less probability and more squeezing can happen alright until now you learned how to interpret these dots that show different levels of compression and squeeze in the market and now let's learn about the directional component of this indicator and after that I'll teach you how you can use this indicator for trading as I said earlier this histogram is the directional component of this indicator and it will help us to discover the direction of the movement after the squeeze fires when the histogram is above zero and it's rising it shows bullish movement and advancing of the price and when it's below zero and falling it shows bearish movement and declining of the price so when the squeeze fires and we get a rising histogram above zero it shows that the tight range is possibly broken in an upside move and it gives us Boeing signal and when we get falling histogram below zero after the squeeze fires there is a possibility of breakout in a downside move and it gives a selling signal or taking a short position when the histogram is in light blue color it shows the upside momentum is increasing and when it becomes dark blue it shows that the upside momentum is decreasing but as long as it's above zero the upside momentum is considered to be higher than the downside momentum and on the other hand when the histogram is red it shows that downside momentum is increasing and when it becomes yellow it means that the downside momentum is weakening similarly here as long as the histogram is below zero downside momentum is considered to be higher than the upside momentum alright as you understand by now we have both of volatility and momentum and this indicator these dots in the middle of the indicator help us with volatility and the histogram helps us with momentum and so direction of the market in the ideal situation as the market starts going into a consolidation period black dots would appear which shows beginning of a low compression squeeze and then as the Bollinger Bands become tighter within the kilter channels red dots appear that show medium squeeze and finally as the price action continues more control attracting and Bollinger Bands even tighter within the counter channels orange dots appear which indicates high compression and squeeze then as the price action is leaving the squeeze the coloring could reverse orange to red red TO black and black to Green when Green Dot appears a squeeze is considered fired and that's actually where we enter a trade this order is the ideal progression of a squeeze in the market and in practice many of the times you may not see this exact order this is how the market would enter into a tight consolidation and exit that consolidation in an ideal situation so any type of squeeze black red or orange can happen at any time or any order so the focus is on the appearance of green dots after any type of squeeze as I explained earlier the greater the squeeze the more probability for explosive moves and the less compression or squeeze means less probability for explosive move and more squeezing can happen in the market so orange dots provide the highest probability of having explore closed captioning not available here after this period of squeeze we got the first Green Dot here the histogram is below zero so we can enter a short position here at this point another example here after this short period of squeeze first Green Dot appeared here which provided another opportunity for entering a short position after this long period of squeeze we got the first Green Dot here at this point a histogram is above zero so we can enter a long position here at this point based on John Carter the exit point is also placed based on this hesogram he suggested that in Long positions we must exit on the formation of second dark blue bar and in short positions on the formation of second yellow bar but in practice it depends on the trading strategy and we can remain in a position through another indicator or Price action analysis so we can get the most out of our positions please pay attention that when we have squeezed price action analysis and volume analysis helps us to better understand the nature of the squeeze and also the strength of the breakout so you shouldn't rely only on this indicator for your trading decisions otherwise you may encounter many false signals even John Carter explained on his page that he combines this indicator with other technical analysis tools and even fundamental analysis and evaluating overall macro factors to discover the best trading opportunities with minimum amount of risk where trading only based on this indicator signals you may encounter many false signals so like any other tools in technical analysis you should never take your trading decisions only based on this indicator and you must use it in conjunction with other tools and aspects of technical analysis alright that's it thank you for watching this video if you have any questions feel free to ask and leave a comment for me I'll answer your questions as soon as possible if you haven't subscribed to my Channel Please Subscribe and hit the Bell so you get the notifications of my new videos see you guys in next video and good luck with your Trading

Welcome back to another video soil here and today i want to teach you a very simple but highly profitable scalping strategy which is based on rsi indicator to run this strategy successfully you need to consider some important points which i'll explain all of them throughout this video just make sure youWatch this video until the end so you don't miss any important points about this rsi trading strategy without wasting any more time let's get started all right this strategy is run on one minute time frame so here we must set the chart time frame on one minute thisIs the price chart of bitcoin but we can also use this strategy on any other asset whether it's crypto forex or stocks the only requirement is that the asset must have high trading volume and liquidity on your exchange or broker so you will not encounter any unreal priceGap or large spread between buying and selling prices which are caused by insufficient order book and this can damage your trade entry stop loss or take profit order in this strategy we use two rsi indicators for adding indicators here we click on indicators and we simply search the name rsi thisOne and we add two to our charts now we must adjust the settings of these two indicators so it will match our trading strategy please carefully watch what i'm doing because it's important to adjust set and mix them together the way i'm gonna do here for the first one we clickOn the settings and for rsi length we set it on 20 and everything else here on this tab is fine we go to style tab and we change the color of rsi line to red and we click on ok for the second rsi we click on settings and here in the inputsTab we set the rsi length on 100 and in the style tab we change the rsi color to blue and we unselect everything that is selected here in this part we click on ok and for this rsi rsi 100 which we already removed the bands here we clickOn this three dots then move to and we click on existing pane above by doing this the two artist eyes are mixed together and now again for this rsi rsi 100 we click on the three dots and then in the pen to scale we click on pen toScale a so the two rs eyes will be scaled in the same way we must also add another indicator to our chart uh which is super trend this one and we're gonna use this super trend indicator for confirming direction of the market and setting stop loss everything is alreadySet on the chart and before we start the strategy please give this video a like and if you haven't subscribed to my channel please subscribe and hit the bell so you get the notifications of my new videos alright now let's see how we trade based on this rsi scalpingStrategy this is a trend following strategy meaning we identify short-term trends in the market and then we try to find perfect opportunities to enter in that direction and everything is done here by the help of this combination of rsis that we have created please pay attention what we got here we have thisRed line which is rsi 20. we have this yellow line which is a 14 period moving average of our rsi 20 the red line and we have this blue line which is rsi hundred when rsi 20 is above rsi 100 in other words the red line is above theBlue line the market is considered to be bullish and when the red line is below the blue line the market is considered to be bearish so when the red line is above the blue line we must look for opening long positions and when the redLine is below the blue line we must look for opening short positions and for spotting trade entries we use the red line and the yellow line so the trade setup for opening a long position is like this when the red line is above the blue line and at the same time the superTrend is also green which together confirm the upside direction then we enter a long position when the red line crosses below the yellow line and then crosses above the yellow line in other words the red line should cross above the yellow line in a move from below theYellow line and this gives a voice signal or a signal for opening a long position so we enter a long position here at this point for setting stop plus for this trade we use super trend we set our stop loss here just below the super trend line and for the profit target weSet it in a way that gives risk to reward ratio equals two so we take our profit in a way that risk to reward ratio is 2. if we look at our indicators we can see that a red line is a still above the blue line and at this pointWhere the red line is above the blue line here crosses above the yellow line which gives another signal for opening a long position so we can open another long position here at this point similarly the stop plus is placed just below the super trend line and profit targetsIn a way that risk to reward ratio equals two if we look at our indicators we can see that here at this point we have another signal for opening a long position again another one here and also another one here please pay attention that in times that these three lines getClose to each other like this part as you can see and the yellow line becomes flat like the blue line and the red line starts moving choppy on the yellow line the risk of taking the trades are higher and it's better not to take any trades in the situation because this shows thatThe market is flat in this case taking the trades didn't end up with any loss but many of the times when the situation is present the trades don't provide the expected results so pay attention to this important one that happened here i'll talk more about this later in thisVideo moving on the chart here at this point you can see that the red line is above the blue line very close to it and again crosses above the yellow line and this gives us the signal for opening a long position so we can open another long position at this point the stopPlus just below the super trend line and profit target is set in a way that the risk to reward ratio equals to moving forward in the chart here again the red line goes below the yellow line and here at this point crosses above the yellow line which provides another signal forOpening a long position here at this point so we can open another long position here at this point the stop loss just below the super trend line and we set the profit targets in a way that gives a risk to reward ratio equals two and again well we got another segmentFor opening a long position here at this point so we can enter another long position uh here at this point the stop plus uh just below the super trend line and the profit target similarly in a way that uh gives a risk to reward ratioEquals two all right let me give you an important point here as you can see here at this point we got another signal but please pay attention that here uh the red line is running on the yellow line and this is not a good sign when you see that the red line isRunning on the yellow line and then moves above the yellow line it's better not to take the trade especially in the times that the yellow line is also moving in a downside move as you can see in this case this wasn't a good trait and opening a long position at thisPoint would end up with loss and when the red line is below the blue line and at the same time super trend is red together this means the direction is down and we must look for short positions so for spotting trade entries we wait when the red line goes above theYellow line and then crosses below the yellow line this gives us the signal for opening a short position so by having this signal we can open a short position here at this point the stop loss for this trade is similarly placed by the help of super trend we set it just aboveThe super trend line and for the profit target also similarly we set it in a way that gives risk to reward ratio equals two so we take our profit here at this point moving on the chart here again while the red line is below the blue line it goes above theYellow line and then at this point crosses below the yellow line which gives us to uh open another short position so we can open another short position here at this point for uh this short position which is open here at this point we set the stop plus just above the super trendLine and the profit target similarly in a way it gives a risk to reward ratio of two moving on the chart here again another signal so we can open another short position here at this point with the stop plus placed above the super trend line and rescue reward ratio ofEquals 2 for the profit targets please pay attention that this is a trend following trading strategy so when the market is flat it doesn't work well and the number of fault signals increase i've already mentioned that when these three lines get close to each other and the yellow line becomes flat like theBlue line and the red line starts moving choppy on the yellow line this shows the market as moving flat and having any signal has potentially much higher degree of risk for example here in this part you can see that we have buying signals or segments for opening a longPosition but not the good ones because the market is moving flat besides checking these lines for identifying these kinds of flat situations also you must always keep watching the price action for further confirming the situation when these lines not giving the clue in the early stages another important point that you must payAttention is that when the super trend changes color give it a little time and see if the market develops in that way or not in this situation of color changing of super trend this strategy works well and most of the time doesn't give early signals but if thereIs any you must look at it with caution because it doesn't necessarily mean that a trend develops and the markets may go flat like this part anyway entering any short position here and this part with their stop losses above the super trend line didn't end up with any loss andActually the profit targets are finally hit so dealing with these kinds of situations really depends on your trading style and degree of risk you're willing to take but it's recommended to minimize your risk as much as possible so better not to take any positions in these kinds of situations especially ifYou're a beginner and the most important aspect of this trading strategy i want to explain is risk management i explain how the stop loss and profit targets are set and the scalping strategy but you must also define the amount of loss on each trade if the market goes againstYour position this strategy is a scalping trading strategy on one minute time frame which means you're gonna trade actively in a day you're gonna have possibly tens of tradings in a single day and if you don't control how much you're gonna lose you will blow up your trading account faster than whatYou think please pay attention that losing trades are part of the game and winning every single trade is impossible in reality so besides setting stop loss to prevent unexpected losses we must also determine if the market goes against our position how much we're gonna exactly lose for active tradingStrategies like this one discussed in this video there is a risk management strategy which is called one percent role and by the help of this strategy on each trade you only lose one percent of your trading account if the market goes against you i explained this risk management strategy very shortly hereBecause i have a complete guide to this strategy the link is also in the description of this video and it's highly recommended to watch it later because it's really important to manage your risk properly getting back to our strategy as i said we're gonna lose one percent of our trading account on eachTrade in case if the market goes against us consider we have a ten thousand dollars trading account and on each trade we want to lose one percent of this so that would be hundred dollars consider we want to enter a long position on bitcoin at thirty thousandDollars and we wanna set the stop loss on twenty nine thousand dollars for example so here the maximum loss per coin is one thousand dollars now we divide our defined maximum loss amount which is hundred dollars one percent of our trading account to the maximum lossPer coin which for this trade is one thousand dollars the result is point one which is the amount of bitcoin that we must buy so we buy bitcoin worth of three thousand dollars nearly one third of our trading account but without any worry because if the price goes againstOur possession we only lose hundred dollars only one percent of our trading account i recommend you to watch my video on this because there i explain everything in more details and more examples so you will better understand the whole concept of this risk management strategy without this one percent risk management strategy youCannot achieve success and consistent profit with the scalping strategy i explained in this video please pay attention if you're a beginner or you don't have much trading experiences you shouldn't try this scalping strategy with real money scalping is not recommended for beginners because of the higher degree of risk and compared toOther types of trading successfully scalping demands a well-developed psychology of trading and controlling emotions so if you're not an experienced trader i highly recommend you to practice as much as you can and start with real money only if you're consistently profitable in paper trading alright that's it thank you for watchingThis video if you have any questions feel free to ask and leave a comment for me i'll answer your questions as soon as possible if you haven't subscribed to my channel please subscribe and hit the bell so you get the notifications of my new videos see you guys in next videoAnd good luck with your trading

In today's video i'm gonna teach you a very powerful trading strategy which is used for intraday trading and is highly suitable for low time frames like 5 minutes and 15 minutes in this strategy we use two indicators rsi and bollinger bands rsi is used with its defaultSettings and we use its overbought and oversold readings and as a strategy our trade setup is formed when rsi hits either an overbought or oversold level the market is considered to be overbought when rsi goes above 70 and on the other hand it's considered oversold when it moves below 30. these situationsSignal a possible reversal in the market but as you know many of the times these are false signals and we need to filter them and identify the correct ones so rather than just immediately buying or selling in the hope of reversal in the price solely based on rsi we add twoBollinger bands to identify the points of the price that are really overextended if you're familiar with bollinger bands so you know that in bollinger bands with its default settings we have a moving average with length of 20 which is the middle line and then the upper band and lower bandOr two standard deviation from the moving average line one use case of bollinger bands is for identifying overbought and oversold conditions when the price reaches to the lower band it's considered oversold and a possible upside turning of the price and when the price reaches to the upper band it's considered overbought and possibleDownside turning of the price this is based on a statistical principle which says that around 95.4 of values are within two standard deviations of the mean and the more we get close to the standard deviations the probability is lower as you can see on this chart basedOn this principle if we consider three standard deviation from the mean the result is that around 99.7 percent of values are within three standard deviations of the mean and reaching to this extreme levels of price near three standard deviation from the mean has much lower level of probability inCompared to to a standard deviation from the mean so in this strategy we also use another bollinger bands with adjusted setting of three standard deviation from the min which we use it for identifying extreme movements of the price all right now let's see how the trading setup inThis strategy looks like as i've already explained we have three indicators on the chart rsi with default settings one bollinger bands with default settings and another bollinger bands with three standard deviation from the mean and the time frame that i'm using in this video is five minutes in the first step weMust wait for overextended moves on the downside we must wait for the price to cross below the lower band of the three standard deviation bollinger bands and alongside with this we must see that rsi goes below 30 and for an overextended move on the upside we must wait for thePrice to cross above the upper band of the three standard deviation bollinger bands and alongside with this we must see that rsi moves above 70. both conditions i mean overextended move beyond bollinger bands and rsi overbought oversold reading must be satisfied simultaneously for example here on this chart you can see that thePrice moved below the lower band of the three standard deviation bollinger bands and at the same time rsi also moved below 30. and this condition shows that we had an overextended move and we may see an upside turning of the price then in the next step we must wait for aGreen candle that opens and closes well above the lower band of the two standard deviation bollinger bands and at the same time rsi must also be packed above 30 level it's important that the entire body of this candle is above the two standard deviation bollinger bands forExample you can see that here we got a green candle and its body is entirely above the lower band of the two standard deviation bollinger bands and it's also well closed actually its body totally engulfed the body of the previous candle so we buy or we enter a long positionHere at this point the stop loss for this trade is placed below the low of the previous candle actually the candle that opened and closed above the two standard deviation bollinger bands and for the profit target we try to be conservative and take our profit early because although we have signs ofIncreased upside momentum on this chart we are entering against the short-term direction of the market so we take our profit on the upper band of the two standard deviation bollinger bands in another example here you can see that the price crossed above the upper band of the three standard deviationBollinger bands and this is happening alongside with rsi reading above 70. so we can say that here we have an overextended upside move and the price is probably going to turn down here we got a red candle the body totally below the upper band of two standard deviationBollinger bands but it's not a well closed strong handle so we wait and here after this green candle an acceptable red candle formed which totally engulfed the previous candle so we enter a short position here at this point and similarly the stop loss is placed above our triggering candle and we take ourProfit when the price reaches to the lower band of the two standard deviation bollinger bands please pay attention that although this is a very low risk and high probability trading strategy but it doesn't provide 100 guaranteed signals for making profit and like any other trading strategy can generate false signals it's really reallyImportant to place stop loss so you can protect yourself in the case that the market suddenly goes against you all alright that's it thank you for watching this video if you have any questions feel free to ask and leave a comment for me i'll answer your questions as soon asPossible if you haven't subscribed to my channel please subscribe and hit the bell so you get the notifications of my new videos see you guys in next video and good luck with your trading