The Only 2 Indicators I've Used For 10 Years - Nothing Else(Full Strategy) transcript

Over the last 30 days, I made . In my entire trading career, I use [음악] only two indicators, no exceptions. Today I'm making you three promises. First, I will show you exactly how to set up these two indicators on your chart. Second, I break down the [음악] exact formula I used to make over $,000 a day. Third, I completely change how you see trading and show you how simple it really is. I is trading view for chart analysis.

This is all you need. Now go to indicators. You see tons of indicators it already works complicated. Smart money concepts momentum stuff. For beginners this is overwhelming from the start. Do more indicators mean more profit? No, not so here's one to do. All the complicated indicators and are the fancy sounding names. Your goal is to keep trading simple. Add just two bollinger bands. That's it. Nothing else matters. Type bollinger bands into the search bar.

Click it once. [음악] Then click it again. Now you've got two on your chart. Next go into the settings on all of them. Here you need to change three things. Set the period from 20 to 4. Change the standard deviation from 2 to 4. Switch the source from close to open. Set the color to red. I call this one the one now set up the second one the same way hover your mouse and open the settings. This one simple keep the period at 20 keep the standard deviation at two.

Change the color to white. There are the only indicators I've used for over 10 years. This is double bollinger double B. I take every single trade using just these two. Here's the key thing. Indicators and price matter, but time matters just as much the station price Jones. I break this down in a separate video on YouTube. Before you start today, remember this one thing indicators are just tools. Nothing more level let them control your trace.

Most beginners do the opposite. They trade only by staring at indicators. They see bollinger bands and think by here, sell here. That kind of blind thrust is a huge mistake. Think of double B as glasses. You trade wearing them glasses that make the market instantly clear. It's a tool that helps you read candles more clearly through those glasses. So from here on out I will show you exactly how to use double bollinger.

It's extremely simple. It clearly shows you where the heights are and where the rows are. No guessing most of the time it's hard to tell where the rear high or row is but WB makes it visually obvious on the chart. You watch three things. One the weight of the bands. Two, how far the bands are expanded. Three whether the bands are contracted. That's how double B tells you when you are entering at a safe zone. price crashing most people jumpy catch even then you must check whether the bollinger bands are open or contracted before entering because the bands are already mapped out you can also use them to set targets for example the band is here so price can move to here w you visually identify target es profitetes clear and band those bands help you limit downside and judge when the risk to reward actually makes sense.

For example, you enter at the rower band. If a candle bricks below that lower band, you cut the rust at the upper band becomes your target. Even trading only like this, boring your bands naturally give you a structure with at least a three to one risk to reward. What every trader needs most is reasoning. You must be able to explain why you entered and why you exited. Binger band gives you that basis. If someone asks why did you buy there?

Because price touched the band. On the daily chart the standard bollinger showed price couldn't break below the 20 period band. That's why I entered there. Why did you say? Because price hit 20 period per band and the risk to reward was 3 to1. So I took it. That's how burn bands give you clear logic for risk reward and stom placement. So you might ask why not just use one bollinger band? Why do I use two? Honestly, after losing over 300,000 trading stocks I tested thousands of indicators.

Pretty much every indicator that exist, I've tried them all. And out of every tool I've ever used, this was the most reliable. No matter how the market changes, it gives me the most constant structure. That's why I use WB. I actually back tested this on the NAS chart. Over the last three years, I tested 1000 plus entry signals. Using a single bore band, the win name was around 55%. But once I switched to double B that wind late jumped to 78%.

One matters even more is prop size with a single binger band. The average win was about times the Rust with the double B it jumped to 1.5 five times or more this is an opinion it's proven by numbers markets change volatility shippers uptrends turning to downtrends downtrends turning to ranges because can adapt to every cycle that's why I use two bollinger bands the 20-2 bollinger band shows you the 20day average plus recent highs and lows the 4-4 band shows the same thing But over the last four days, that's the framework when you looking at the daily chart.

The reason I use 20-2 is simple. Traders all of the word use it as the default. So when price his upper or rower band or clearly breaks through it, you can easily tell whether price will revert back inside or start one directional move. I use it because it's a tool every trader recognize and respect. Especially in day trading, price spends most of each time trapped inside this range. That's why about 80% of the time price reverse back inside the standard bollinger.

It touches the top of bottom then comes back. Where most traders get killed is that 20% breakout. You expect support at the bottom but instead price breaks straight down. When that happens, most retailed traders say bands don't work and they turn them up. That's where I did the opposite. I studied those moments deeper and built my own training rules around them. That's how Bands clearly identify when a real downside breakout is happening and when that downtrend is likely to continue.

For example, there was a clear support John Billow and the RER standard Bollinger band was right there too. But when price cleanly breaks through all of it with a large expansion candle, that's not a maybe that's a confirmed breakout. Sure, price can snap back sometimes, but it probability eight out of 10 times it turns into a one way mov that gives you a strong risk to river and even when you are wrong your stop is clear and tight.

Repeat this process over and over and your account has no choice but to grow. Using only double bollinger, I built a trading system that I can trade constantly on its own. That's why I use WB as a tool to clearly confirm reversion and break out. It increases the s of mean reversion and when price truly break out it tells you this is real. So if youve been listening up to this point you probably realize why trading hasn't worked for you.

It's because you won using a tool that gives you clear objective confirmation. But here's the thing. The moment you start adding other indicators on top of double B, even this becomes hard to see. You can have a great tool but take too many indicators and your judgment gets clouded. That's why simple city is the key to turning ruses into profits and recovering your account. Now let me show you how to actually trade using these tubeer bands.

When bands are touched there are two main scenarios one is a reverser the other is a breakout. If you enter here, this is where a turning point happens price flips and moves the opposite direction. If you enter on a breakout where price reaps through both bands, that's the start of oneway move. Those are the only two scenarios. Let's look at this chart. Price moves up. It touches the one and at the same time it also touches the upper standard.

Both bands are hit together. Now look at how it closes. It can break through. It can reject and comes back down. You see the upper wig. and the candle body is back inside the band. That means price fail to make a new high. Right after that failure is in a state where it can go higher. So right after that when this candle closes with a clear wick that's a sell signal. From that point on you are looking at your bias. Now let's look at another case.

Price touches both in Japan but this time it closes above them. Is there a breakout? This is where most people get trapped. You have to check the supply joh. You need to check whether there's previous high in front of it. And here there is a resistance. Price tried to push through that but it failed. It was just a tight test and what does that mean? It broke the band but it didn't break the resistance in front. So this is another real breakout.

What is doing instead is triggering opposite side positions a set move before price pushes downward because the next candle could still break that supply you have to wait for the close but the next candle close is beish confirming the break of failed that's why I classify this as type two reverser the second kind of turning point in case it's like is wait for the next candle to confirm seller dominance. Enter after that and you get a very stable trade.

If the next candle prints an upper w close bearish that's your queue to enter short you are entering only after the market confirms it fail to make a new high. What about this one? It touches the upper one be and the upper double be price his both born in Japan and then it pushes straight through them. Price pushed above the previous high and closed above it. It clearly broke to the prior resistance and after the break out the cand close above that level.

In other words, it broke through the resistance John and closed with poor acceptance [음악] above it. That's a real. This is the moment you want to go wrong. Most traders look at only the bands. I look at the bands plus the previous highs and lows and supply zones. That's the simple reason I avoid fake freakouts and catch the real ones and anyone can follow this. But here's the reality [음악] people say they are trading the trend then mistake a backack and jump in right near the top.

They cared on uptrend and then the market instantly reverses and that's us where they take massive. Your risk to reward has to be sorry because even if you get stopped out of open your winners must run much longer. Russis stay small wins get big that's exactly what reverse trading is about. When you enter at top, it feels unstable and the risk reward is terrible. Sure, price might go higher but if it pulls back the damage is huge because the nearest support is way below and then the fear kicks in.

What if it drops? So you stuck watching the chart nonstop. That's what happens when you know you enter at the wrong spot. But when you enter near the bottom, even if you get stopped out, the rust is small. And if it works, it's like a Christmas gift. You get to ride the entire oneway trend. That's why it's psychological superior. So you might ask, does that mean we shouldn't trade trends? No, you trade trains only when they are clearly formed and only when they still early not after the move is done not chasing push back the key is getting in at the beginning of the trend and that's exactly this one the double be breakout trade two the trend trade that follows right after that breakout in other words you take the breakout trade only when price breaks both bands and clears the supply jump.

Then only after that you trade the proof back and only then do you trade the trend. I'm a big believer in simple trading. I use only two bollinger bands. If this video helped you, make sure to subscribe and hit like I post this kind of real trading education regularly on my YouTube channel. M.