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

check M [Music] check beer with me I'm just getting my lunch set up I've been trading and teaching all morning need a a me moment is that what they call that a me moment need a me moment ah not much of a lunch I see some of you guys are fizzling in here cool Mr Green here with Trey Phantoms welcome just letting giving giving y'all some time here to get in all right all right so what are we going to do today we're uh we are going to look over some basic institutional order flow with supply and demand uh those of you that are members of the community welcome what's going on Duke uh so this is basically you know and this is you know YouTube is uh is a way for us to reach you know potential new members um let them see what we do you know see if we're a good fit for him obviously I know there's a lot of people in here that are already members um but you know this is still beneficial for you as well um you know trading is all repetition so what you know what we want to do is obviously you know those of you that were just in my advanced class know that we just you know did some some advanced advanced stuff with some economics and uh Central Bank stuff but we're going to go right to the roote this and look at some institutional order flow which is basically the the the objective you know if you're learning to trade okay which is why you would be on this YouTube channel right now what you're doing is you want to learn to do it professionally and all that means is consistency you know that doesn't mean that you're going to quit your job I mean you could quit your job but it doesn't mean you have to quit your job you're learning to be consistent and make a consistent stream of Revenue all right uh the failure rate in trading and investing is very high and that is most likely due to the re fact that people try to self- te themselves and they don't get the proper training uh proper curriculum um there's a lot of good stuff out there on the internet there's a lot of bad stuff um there's some stuff that's good and it doesn't take you all the way but it gets you to a certain point um you know I believe here and we believe what we do here is it you know covers all those bases you know I've been in this industry for quite some time Trading in cons uh Consulting teaching and yes that is what we're all about and what we're doing so what I'm going to show you is institutional order flow is really something that is a strategy that professionals use to trade and invest and it gives people an opportunity to be able to do any market now I'm going to focus on Forex because that's what I specialize here at trade fandoms but institutional order flow is good for options stocks Futures cryptos Etc right so let's uh let's start and we'll start you know those of you that are brand new to Forex or don't know about Forex basically what we're doing here is uh you know I'm going to just look at a chart I'm going to remove all my drawing tools first I'm going to look at something called Aussie Dollar in the Foreign Exchange Market you're doing a couple things you're buying one currency and you're selling the other so when you're doing that you're bullish on one bearish on the other um but you're going to you know the the name of the game is learning how to do this through Reading charts right so any chart any anybody who wants to stay consistent in this business needs to learn how to read a chart that that's first and foremost learning to read a chart I don't care how much you think you know is usually looks like hieroglyphics at first so we're going to start off basic here right you got candlesticks candlesticks represent time movement they represent uh um price movement time duration Etc when you're learning to read a chart you anybody that I've ever met that's any good at this always starts High start high go low top down analysis High go low okay and if you got to come back up again that's cool but you always want to look at the macro View and then go down to the micro give me a yes if that makes sense while I butter up one of my tuna fishing crackers M tune eff ficient crackers don't get no better than that all right so I'm going to do something called create an AR range on my high time frame so I'm on a monthly chart right now I want to look for supply and demand supply and demand you know demand is where people buy Supply is where people sell and Banks and institutions control that because they have the money that simple that's simple all right so I'm going to look for areas that I see imbalances of order flow all right demand is always going to be down to the left all right now right here I see it you may not see it right here I can actually see something small I don't know if it's pure yet I'll talk about purity in a second but right here there's a little level right here in monthly on monthly demand I'm going to chart it up for you and there's an imbalance there and you can already see that it worked once so you have yourselves right my finger is right where my finger's pointing I circled it if you look at this this this this big red candle here these are all monthly candles you have a drop there's a little dogey candle here in the middle a base and a rally now basically what happens here what happened here uh past tense institutions bought heavy they bought heavy but not all their orders necessarily got filled and I I would say they definitely didn't get filled but you can't say absolutes in life right so 99.9% of the chance banks and institutions do not get filled on that first shot right so now they're sitting there and you know there's unfilled orders and look what happened when price came back down look what happened price came back down hit the rest of those orders or not the rest of them necessarily but some of those orders and pop back up so this level's already been touched but it's just to show showing you that that you know Banks and institutions control the market by leaving large amounts of uh unfilled orders at certain pricing points okay that's what they do they don't cancel if an order doesn't get filled the the first time completely let's say they put let's just say for example they tried to do 10 million units here okay units is what you use in FX and let's say 5 million of them got filled still a lot it's probably more like 50 million units but I just keep it simple for hypothetical and right here half of them got filled they're still going to leave the and that half is still going to push price up so they probably you know they move the market from here to ha price comes back up you know and you can see prices can continuing to come uh come down now this level is more this level for me is not pure enough so that's that's a little Advanced I'm not going to go to that I just wanted to give you a little basic basic B basic point of of of what I'm doing here all right I want to create a supply level and it's all about I call it clean charts I like to have my charts as clean as possible the only the I don't and this isn't even an indicator it's really not is I just I I I Mark out a Fibonacci just so it gives me I call this my football field all right this just helps me re realize where I am with supply and demand okay now trend is another thing all right if you have an uptrend you're buying if you have a downtrend you're selling okay so you know what do we want to do do we want to buy low sell high or do we want to buy High so [Laughter] low want to wait for price to come back so I start looking here I start looking at some of these orders start looking at some of these levels and basically back here now I I just went down to a weekly chart all right on this weekly chart I have an uptrend so I went what did I do I went monthly monthly on middle of the range middle to high in the range weekly I have an uptrend and then daily what I say you got to look at you got to look at multiple time frame analysis now I'm looking for a level to enter and I do have a nice looking level right here so I'm going to highlight this for you now I'm going to control this whole level now so basically right here what happened is you have a drop you have a drop a base and a rally drop base rally Institute tions bought heavy in this level but did not necessarily get filled all right so now there's un there's a high probability not a guarantee I'm just trying to train your eyes to these levels because there's a lot of levels on a chart and you know what we do in trade Phantoms and Essentials is we give people the opportunity to um work with Mr Black and the essentials you know and I would recommend following Mr Black um either on here or on Tik Tok uh Mr Blue as well but you know part of trade Phantoms Pro is learning to see what levels are good and what levels aren't now this is a pretty good level okay and you can already kind of see that because look at this Wick right here look at this candle wick it already came down and basically basically punctured it didn't make it all the way down there but that just shows you there's so much buying there was so much buying pressure right here here's another area where where demand where demand worked solidly okay um now there's another couple other things that we want to talk about we want to talk about we want to talk about a three-prong approach right you're always going to have an entry you're always going to have an entry to go long or to go short and then you're always going to have a stop loss and a Target professional Traders know what the outcome of their trade for loss what either loss or gain before they place it that's a commonality common problem that most people trading don't have they buy they get get in and then they say uh what should I do should I sell and then they turn into three of my favorite people could have would and should have okay look at here's a deal when you get in when you get in you should already have a predetermined stop-loss setup so you know we're going to tell you with risk management rules never risk more than 2% of that trade 2% of your account my sories so it's a account it's account agenda so let's say you got $10,000 in that account say you get $10,000 in that account okay 2% of 10,000 is 200 bucks all right you could do less but I would say never risk more than 2% of your to hey what's going on uh Cool J what's going on man I would say never risk more all right you could do less but let's just do 2% then we would say never take less than a three to one so 3 * 200 is 600 you could do more but just for hypothetical reasoning let's just do a 3 to one 3 to one would be somewhere up here I'm just going to guesstimate okay it's somewhere up here somewhere up here so your entry level is going to be this first line I'll write it on the screen for you remember entry could be going long or short in this case we're going long that means we're going to be bullish all right Stop's going to be down here so this is called the bracket order this is having a plan this is having a plan coming into in into a trade all right now if you follow these risk management rules properly mathematically because that's all it is to break even you only have to be right 25% of the time so 20 if you're right 25.1% of that of the time you're making money if you're right 30% of the time you're doing pretty good if you're right a a coin flip you're crushing it okay you know and we show that in the workshop so we try to tell a lot of people when you get started with us it's good to get started with a complimentary workshop class okay um I'll talk about that in a second but let's finish up the trade here so basically what I've done here is prices right here now what do the rookies do they chase price action we don't want to chase price action yes we want to go long we we're bullish on this currency pair okay we want to buy Australian dollars and sell United States dollars yes that's what we want to do but we don't want to buy at tops we want to wait for retracement so now the next question that you just said Mr Green how do I know when there's a retracement that's what the charting is for and I showed you that little level there and I've showed you a couple examples of where supply and demand in this case demand worked there's an imbalance of institutional buying there because make no doubt about it people we the retail Traders and investors do not control anything we do not have do not have enough money to make those decisions to control the price movement in the market the banks and the big players on Wall Street do so we the little people as I call the peasant Farmers have to do our best to follow these Banks and institutions as best as we can we're not always going to be right we're going to take losses that's what we set up the risk management parameters for but you got a good snapshot of kind of how this works now here's the deal I know what kind of people are out there right now I've been doing this for over a decade some people are like I got no clue what the heck he's talking about that's okay Rome wasn't built in a day Brick by Brick there's some people that are like a I got it I got it I got it no you don't got it all right there's I'm looking at 30 40 zones right now on this chart easy which one's good which one's bad well there's a scoring process to that is it there's there's there's a six-step scoring process a 20o scoring system Mr Black does that all uh within trade Phantoms Pro so the last thing I'm going to leave you with is this if you're already a trade Phantom then this doesn't apply to you but if you're new okay if you're new and you're coming and and you're looking for some kind of formal curriculum come check us out all right we start with a complimentary class on Thursday nights all right 7 PM EST either me or Mr Black will be hosting it you'll be with us for about 90 minutes go to www.trade all right you'll see the free live trading and investing Workshop you'll just click on the register here button it won't make you do this it's just oh I'm sorry so right here first name email phone number if you're comfortable I actually personally reach out and text everybody from my own personal number just to kind of say welcome and you'll get an email and all that stuff all right the next class is this Thursday so you got plenty of time to register for it it does fill up so I recommend trying to get into it even though it's virtual you know we only keep so many people in it 7:00 p.m.

EST and here down below is what we're going to be covering all right how the markets really work I just talked about that supply and demand right when there's more buying than selling price will go up when there's more selling than buying price will go down all right how professionals analyze the market and trade right that's that institutional order flow strategy we didn't get a heavy chance to talk about it but trading in multiple different directions up down sideways diagonal up down and sideways look at sometimes when the market goes down it goes down for years that's what crashes and Corrections are for you can't you cannot be in a position to not make money in the market for multiple years don't give me that old saying oh it's going to turn around Mr Green yeah of course it is but are you going to are you going to not make money for two years that's crazy you wouldn't work for free for two years so why would you do that with your trading and investing you wouldn't so we're going to talk about short selling sideways movements okay how to grow small small accounts into larger accounts all right by using using leverage all right Leverage is super important all right we also want to use proper risk management too as well all right so two Fe common fears that people have coming into this business are fear fear of losing money of course and fear of not having enough to get started hopefully by time you go through this class we can start to overcome some of these fears right knowing how much we're going to make or lose before we trade invest before we get in with the bracket order and then also the other key component is the risk management all right and is it all about stocks of course not start calling these asset classes all right start calling these appreciate it man appreciate it smoking Mars thank you for the compliment man um you know one of these things that you want to look at here okay is very important is there it's called the financial markets not the stock market stock market stocks is just one of many tools asset classes as we like to call them within these markets there's foreign exchange there's Futures there's options there's crypto currencies there's ETFs there's bonds right what works best for you that's the key what works best for you so part of people you know when they come to this complimentary class okay my man Ron part of these people when they come to this complimentary class is they have the ability to decide you know do they want to continue on some of you may continue on some of you may not you're still going to learn a lot in the complimentary class if wear the right fit though and you move forward one-on-one mentorship and working with uh members is is is essential and helping them figure out which one of these assets are best suited for them because some markets are 24 hours some markets allow you to start with less Capital some markets are better for certain type type of people that make certain decisions some people are snap decision makers some people are you know they they take they take a little longer to make them that's what our job is me Mr Black and Mr Blue that we work together on that last but not least trading for income versus wealth management so we want to talk a lot about okay we want to talk a lot about what the difference is income is day-to-day week to week month-to month wealth wealth management all right is going to be longer term so these are all the things that um that we go over all right um come check us out I hope to see you in there uh that's going to be it for me today I you know we will uh we will keep this up as a recording but hopefully this give you some insight on how professionals trade and work in the market and other than that have a great day have a safe day and uh for my people that are already trade Phantoms I shall see you in the classroom tomorrow uh for those of you that aren't I hope you sign up for the class and if you don't sign up for the class that's cool too you know whatever works for you um other than that have a great day take care bye-bye