Forex Trading using Institutional Order Flow (IOF) with Mr. Green transcript

f all right just waiting for some people to fill in just doing my homework look at Scotia they need to go back to work Scotia needs to go back to work they don't feel necessary to uh to do what they're supposed to do W that trade is going to be sweet man that try is g to be sweet oh yeah still climbing still climbing that top good morning good morning good morning ah surprised this is still uh what's going on skill what's going on yeah surprised that uh this pair is still going up China China central bank Cuts uh helped across the board with the uh New Zealand especially with this with uh Aussie and New Zealand this reversal trade we took might get some action out of it we'll see it's going to help fill that Aussie dollar trade that we set up as well uh yesterday that pullback we got one to one there we don't want to want to make sure that we lock some profit in try to get something out of it could take off might might not but that's not a huge reaction to uh China decreasing uh 50 was it 50 basis points so you know that wasn't a huge huge move it was good though cuz we needed it for that reversal cuz we were starting to Trend in the wrong direction but um I kind of like it I kind of like it all right it is N9 o'clock good morning Mr Green TR trade Phantoms uh FX trading uh live FX trading I have members from actual members of trade Phantoms Pro and then I have obviously new people in here checking it out all right basically what I'm going to do is I'm going to look at the market for uh opportunities uh see where uh there's some good order flow we're looking at one right now so I guess we'll start here uh just specifically in FX so this trade hasn't taken off yet um we're waiting for a pullback so basically you know one thing that you know you want to do from a professional standpoint is look up look up at the uh look at the high time frame look at that look at that macro top top down from say call the Peak go to the mountain look uh look up there and start on the top and uh work your way down and then look for a trend now you got a trend now you're uh you know middle of the range uptrend you're going to buy all right we're going to come down all right we St we we we scoured this yesterday I think the zone that we found with the uh highest probability of iof was right here okay let me draw it out for you so institutions at this time on that date that's what's great about candles they tell you time and price movement institutions bought heavy here Banks bought heavy here drove price up but not all those orders necessarily got filled which created all right an imbalance in the market so this imbalance is where we come in the little people we don't want to buy up at the top we don't want to chase price all right that's not the game this is the same as stocks this is the same as Futures this is the same as options it's all the same it's all the same it's one strategy now yeah there's different little little caveats to each asset class of course all right but this is this is the game Banks and institutions control the market and they don't always necessarily get filled on the first shot so if they buy real heavy here they buy and especially in FX I mean it's a$7 trillion doll a day Market if they buy in such excess not NE the only way they're going to get all these orders filled is if there's equal amount of sellers equal more amount of sellers at this exact price which 99% of the time there's not okay so price comes down you know now this is what we consider Market timing so we put you know we're going to put our limit order in you can see we got our stop loss we have our we have our Target one right here then we have a far Target that's further out okay we want to make sure that we at least have proper risk management in here uh we found this trade last night we needed to kick down a little more um to be able to hit that level I do like the trade it's good trade uh we're in a couple trades right now uh here's a here's a uh option of a reversal that we took all right starting to come back down you can see that up here if I go to the top down analysis we looked for a reversal all right I get the level marked off over here you know now now most people see an uptrend here right you know their eyes are drawn to the fact well Mr Green this is going up I want to buy all right you don't want to buy too high right so sometimes when you get you know there's an opportunity this is an opportunity when you go against the market now when you go against the market in a short cell right um You want a shorter Target okay you don't you know doesn't you know this New Zealand dollar trade right doesn't mean it's going to change the Direction all right of uh of the currency what it does mean though is we can make some money off a quick reversal so same thing instead of a buy order I got a sell order here so I look over here all right and I have a formation I got a rally based drop instead of buying over here institutions at this point in time they sold they short sold heavy now when they short sold heavy there wasn't most likely I can't give you an absolute I can't give you a guarantee most likely there wasn't an equal amount of buyers okay so that leaves once again an imbalance and that leaves what we call the unfilled orders there all right so this is what in iof institutional order flow is all about so when we get over here now all right price this is a this happened in what January of this year so this is at the beginning of the year all right these orders will stay here for long periods of time I've hit orders on trades that were 8 10 years old you know Banks and institutions don't have to worry about clearing the board okay sometimes they do sure and you know that's why we're not always going to be right but Banks and institutions okay Banks and institutions don't have to worry about spending uh Capital uh you know their their buying power and all that stuff so same thing here we put a limit sell in here got a stop loss in case we're wrong cuz make no doubt about it we will be wrong from time to time and to take profit you always want to know the outcome of your trade before you get into the trade that's a must that is an absolute must if you don't have a plan you you're going to you're going to end up catching yourself in trouble same thing here all right right we're looking at a supply level on a reversal all right we are looking at a supply level on a reversal and um you know that's the short sell that we are looking at those are the three the two that we're in and the one that we're waiting on all right I just wanted to check in with you guys real quick uh this morning uh we do have a for people that are Phantoms we're going to be going live tonight with the central banks um I know a lot of you are in Mr Blue's class right now so um what I'm probably going to try to do is schedule this better at next next time so uh let's uh let's wrap it up today there's not a ton of Trades okay that are out there right now especially you know well there are but we've looked we we found them all right so uh let's wrap it up those of you in the community you'll hear from me