[Music] yeah [Music] yeah I the weed too hard you s that minut voice don't straighten a heart I reply like y whatever when you come get your stuff I need this [ __ ] out the crib I think it's bringing back up plug in now you lit I pull the plug now you're stuck digity over man how many doors they shut how many feathers what is going on guys welcome back to my YouTube channel I know it's been a couple months since I've posted but I've been busy with other projects other businesses that I run and unfortunately I'm not a full-time YouTuber um however I will try to post as much as possible I'm going to try to get back to filming just more day and the live stuff um when I'm taking trades throughout the day and behind the scenes of my other streams of income and my other businesses as well because that might interest a lot of you who are watching so the title of this video obviously is how I lost 400k of live Capital with Alpha Capital group now this video isn't me slandering Alpha Capital group they're a great firm believe it or not I actually made a mistake which was the reason why I lost the 400 K Capital so first and foremost I have received payouts from alpha Capital group multiple payouts so I'm in you know I'm very profitable from from that business venture that when I was trading with them however what happened was I got a violation on the account now I'll let you guys make a decision on what you think of this violation but I'll put up the email that I received and basically it's like a Max allocation um it's like a Max allocation violation which means basically in their rules like I said I hold my hands up at the end of the day it's a rule right it's um it's something that was broken it's but yeah you know we'll talk about it so the max allocation you can't trade different sorry you can't trade the same asset pair on on two different accounts once you're live okay so I had two 200k accounts I couldn't trade Euro USD on one for example and then Euro USD on the other that that is a violation but this is where I want to get your guys' opinion and make sure you put it into the comment section so funnily enough I didn't actually trade two different asset pairs what happened was I had my first 200k Live account with Alpha Capital group I was trading on that using EUR USD and other pairs then when I got my other 200k Live account I placed a not. not one lot on Euro USD once just to get a trading day as you guys who trade props probably know you've probably done the same thing just to get the trading days ticking along so I can get a payout when I actually do decide to trade yet so I placed a 0. 01 on EUR USD and then the other main trades where I was doing you know over 20 Lots or whatever it may be on other currency pairs for my main trades I use different asset classes so I just want you guys to take a minute to think about that now you need to really think about what you're doing with these prop firms because you're thinking that or I hope you don't you think that these prop firms want good profitable Traders I'm telling you now that they don't this is the reason for that because I'm a good Trader I've had multiple payouts with the firm why would they take an account of me for doing so for doing that now I know it's a violation I know it's in the rules right I'm holding my hands up to that because at the end of the day if if it went to court they'd obviously win they have that rule in there but ask yourself do they have that rule in there to help Traders or do they have that rule in there to stop profitable traders to catch you out where they can just think about that for a second and for those of you who don't know prop firms make money or make their money from people losing they make their money from The Challenge fee they lose money by paying out profitable Traders so obviously they don't want profitable Traders now the only reason they want profitable Traders or some profitable Traders at least um at Max sorry is because it's good for their marketing obviously if you're going to be choosing a prop firm to go with obviously you want to go with a prop firm who has paid out to traders who has never denied a pay out and all this and all this stuff so they have to use that that's their marketing expense okay they have to pay out because otherwise no one's going to go to the firm right but just think for a second okay these prop firms only make money from people losing and 99% probably more 99.
5% of people will lose on their platform so yeah you got to ask yourself there's people out there if you're watching this video If you think you're going to have a long sustainable career just solely trading prop firms you need to seriously reconsider because any minor fault okay that you make any small you know fault that you you might make which doesn't technically make you a bad Trader okay guys you you tell me in the comments sections is what I done does it make me a bad Trader why didn't they thoroughly review the account see that I've been making consistent profits before this made a small mistake which goes against their rule plays a 0. 01 to then ban me do they actually want good Traders on their platform so really consider that I've had multiple people as well come to me and message me and say that they've had their accounts taken off them for stupid reasons so just think about it guys and so if you're going for prop firms alone I hate to be the bearer of bad news I hate to be the one to tell you this but it's it's not going to be sustainable okay yes it's a great way to make some cash to make some to make some returns but it's not sustainable in the long term you're not going to to see a career just trading prop firms I don't know one good Trader who has just consistently been with a prop firm forever making a living off just that alone it's a great business model and I'm not slandering any prop firm but I'm just saying be careful cuz all prop firms are the same they don't want winning trading winning Traders on their platform okay and it's quite funny actually because when you take a step back and you look at at the logistics and the statistics of what is actually happening in this market everyone is praising ftmo or praising Alpha capital or praising the prop firms that are paying out these prop firms are only able to pay out because they have the most amount of losing Traders on their platform so you're praising prop firms who have the most amount of people losing money okay that's the reason prop firms able to pay out because they have lots of people on their platform who are losing money which they are then able to then pay out their winning Traders think about it 99% of people right if they all buy a challenge for £1,000 they are making £99,000 the prop firm one person gets a payout they have 99,000 to to ensure that the profitable Trader doesn't get paid out £99,000 which they probably won't they'll probably get paid out a few thousand hence why they're keeping all the rest of the profits hence why ftmo and all these PE people are buying amazing offices and you know doing all these things they're doing that with your money that you're losing okay just remember that so yeah don't want to Ramble On too much but I will continue to talk about these certain things in in videos just cuz I'm trying to be real with you I'm trying to be honest with you and yes I do trade prop firms um because I'm good but I know that I know it's not sustainable cuz they don't like people like me that make money they will find a reason not to um and yeah guys you need to have multiple multiple sources of income you can't just be trading prop firms you know every single week you're buying a new prop firm buying a new prop firm I promise you now it's not actually going to get you anywhere you need to be um diversifying your wealth you need to be diversifying what you're essentially doing you need to be trading live Capital your own Capital you need to be doing prop firms you need to be running other things other businesses I do not know one Trader even myself whose sole income is just trading prop firms or trading even just live capital okay and we'll talk about that later on but you have to have other sources of income because trading is a highrisk industry no matter how good you are it's still high risk you can still lose all your money the markets can still turn against you whenever they want there's no security so you got to limit that risk by diversifying what you're doing across multiple different Avenues within the trading space is fine but just multiple different ways to really mitigate that risk and that exposure that you have but anyway guys I have just pulled into the office and I'm going to be breaking down as well for you guys a trade that was taken this week um for plus 7. 5 RIS of reward and then also a break even trade because it's got some really really nice price action that I want to talk to you guys about and hopefully help um you guys with your Trading in because I owe it to you guys for not being um active for a couple months and then after I'm going to go back home um just relax answer maybe a couple questions from you guys in the comment sections from my last video and then I am pretty much just going to be relaxing cuz it's Friday um got my girlfriend coming around tonight and then just going to be doing absolutely nothing just chilling so yeah guys I'm just putting up to the office now and we'll head straight onto the [Music] computer all [Music] right the pull it's a prize winner is definitely spiraling I got your [ __ ] lines tapped I swear that I'm dowed in first I was a rat so where's the proof of the tri in where's the paperwork of the cabinet so I just briefly want to explain a bit further about what I was just speaking about on the way into the office because I know it's probably left a lot of you thinking well what do I do then do I trade prop firms do I not trade prop firms I know a lot of you are thinking to use prop firms as a way to get a payout to then fund your Live account to trade with your own personal Live account and I'm not saying don't trade prop firms I'm just saying be careful and be mindful of the statistics and the probabilities associated with prop firms okay you need to understand that the probability of you passing a challenge is extremely low you need to understand that passing a challenge getting to a live account and getting consistent payouts is very very very low and the probability of you eventually losing that account you know from a mistake that you've made or if a prop firm goes down is extremely extremely high okay so I'm not saying don't trade prop firms I'm just saying be more mindful because it's a great business model and it's really it's enticed retail traders to come into this space purely because they're the ones who are being targeted because they don't have the capital to trade with so you're focusing on the reward rather than the risk okay you're thinking about getting 100K Live account 200k Live account you're thinking of the potential profits the amazing profits that you can make the amazing opport that it might have but you're not considering the risks to do so like anything in life guys when something is that amazing it's going to come at a price okay think about the statistics think about the probabilities that you're getting yourself into make sure you're not just putting all your eggs into one basket you're diversifying you know what you're doing within the industry you're trading a live account you're trading prop firms you're doing multiple different things rather than just going to um prop firms CU you're really decreasing your probability of being successful by just focusing on one thing that has a very low probability of you being successful in it and just take a minute to think about what you're actually getting from these prop firms okay what are you actually getting from them when you go to Apple for example you give Apple money you're getting an iPhone in return you go to Lamborghini you give them money you're getting a beautiful car in return where these firms you're giving them money you're getting absolutely nothing in return okay yes a few people pass they get a demo account to potentially make profits on but think about you're not really getting much in return from it and when you're going to these events that they're holding or you're praising them you know on social media just remember that they have your money that you have nothing in return for okay if you sit in a room there's a hundred of you in a room at one of their events they want most of you to fail they have most of your money and they only want a few of you to pass and get payouts so they can use it for marketing purposes to bring in another 100 people another 100 people and so on and so forth so yeah guys I'm not saying don't trade prop firms I don't want to crush your dreams but I just want to bring you back down to earth back down to reality a little bit um because it seems like the industry has gone a bit all over the place recently so I'm just trying to help and yeah just be careful be mind for everything always consider the risk before the reward but now we're going to go into some charts going to break it down and yeah and then after that head home and answer some questions from you guys okay guys so here we are on CAD JPY this was a position that was taken this week on the um the lower time frames uh managed to bank 7.
5 R reward on this lot more potential this actually hit my trailing stop loss which will go into but first of all I'll just break down the analysis and then we'll get into the the actual entry itself so originally we can see how price is moving to the downside right we're forming lower lows followed by lower highs so clearly sellers are in control of the market until price failed to continue to the downside and we had this strong push breaking Market structure breaking through the highs okay and then price formed an inverse Head and Shoulders pattern with the left shoulder over here down here being the head and then down here being the right shoulder as well so this is inverse Head and Shoulders pattern which is a bullish reversal pattern it basically is just a fancy name for telling us that price action is switching from bearish Market structure to bullish Market structure as we're now forming higher highs followed by higher lows however we're not looking to trade the right shoulder in this instance because we haven't really seen a strong enough impulse move to the upside to clearly States and clearly show that buyers are in control of the market and that's why we waited for this move to take place here because as you can see that is as clear as anything right that is clear strong bullish move to the upside we should be looking for buy positions okay there's nothing now in the way for us really to be looking um for anything other than buy positions and then we can see how price pulled back okay pulled back to retest I was expecting a orally price to come down to here but as you can see instead we looked and we saw how price has retested the top of this Wick over here which is completely fine but what I'm not doing is I'm not taking a buy position right from the bottom of this okay I'm not taking a position there I'm actually jumping down to the lower time frames such as the 5 minute and the 1 minute to see a shift in Market structure on this retest here so that's what we're going to do we're going to go down to the 5 minute time frame and this is where we get the pullback here and a bit more detail so like how we had on the 15-minute time frame how we was moving to the downside we can see again on the 5 minute time frame it's not as clear but we are definitely moving to the downside forming lower lows for by lower highs and then rather than continuing to the downside what we had was a shift in Market structure on this lower time frame as you can see with this strong impulse move here so now we're just on the lower time frames doing the exact same thing we've done in the 15 minute time frame and that is the key okay we're jumping down to every single time frame seeing that shift in Market structure getting rid of any blocks in the way that might give a reason for sellers to want to be in the market we just want as much confirmation to give us our Edge and to give us the probability of price continuing to the upside so originally this happened this is like a nice retest as you can see here resistance we broke through we pulled back and then we retested it as support now this was about 8 a. m. 8:00 a.
m. in the morning I wasn't on the charts at this time um sometimes I am sometimes I'm not if I was on the chart at this time I probably would have taken a buy position here but you know it's all good saying should I would I could I but I wasn't there I didn't take it so it is what it is but for anyone watching that would have been also like a f like fine to take a fine position to take then we had a nice another impulsive move to the upside okay um and then price began to pull back and I was looking for price like pull back to this area here which we can see it was doing but this whole movement here is very very choppy very very corrective and it's hard to really tell what's going on on this 5 minute time frame so this is where I will drop down to the one minute to get a more clear view of what is actually going on so originally on this one minute time frame you can kind of see how let me just make this a bit more clear you can kind of see how it might fool some people because we did have a strong bearish move here which broke below like these lows here and then we actually started to form bearish Market structure where we was doing this forming lower lows lower highs lower lows lower highs so on and so forth but look at the phase of the market this is a strong bearish impulsive move if price was going to continue moving to the downside we'd expect to see a correction to the upside like this followed by a bearish continuation but as you can see we actually began to form a bearish corre so sellers aren't really active within this Market if they're correcting to the downside and as we know what normally tends to follow a bearish correction if we draw out like this bearish correction is a bullish continuation like so so it was just fueling building up liquidity to then continue to the upside and that's exactly what happened down here notice this area of support okay where we have one two and three Tes potentially even four touches of this support now what I like to call this is a retail trap it's enticing retail traders to enter the market too early because they've learned that they need to buy from support they need to buy from support right so they are entering their buy positions at all of these levels here like that would be the first one and then they would also be buying the market there they would be buying the market there so on and so forth so what does this mean this means that all of their stop losses are below this level of support and that is what the market sees the market sees these areas of liquidity to grab into to stop people out to then continue to the upside and that's exactly what happened here price impulsed a downside grabbing liquidity we then saw a shift in momentum so that is where I took my position I was patient I waited for this area of support to be taken out it's taken out I then take my buyer position and then we'll see what happens next stop loss in a pretty safe space as well so we started moving to the upside now I haven't trailed my stop loss at this point reason for that is because I'm waiting for this Market structure to be broken this most recent um lower high I'm waiting for that to be broken because once that's broken then I'm happy to Trail my stop loss to break even because it means that price is now bullish so I want to protect my Capital because it's bullish now so I don't want to it turn into a loss right now it's still developing we still could come down a little bit before we go up so let's see what happens we come back down we form a double bottom okay so could have been a nice opportunity to get into the market again if you missed it here or if let's say for example I did or anyone did Trail their stop loss to break even and get stopped out here what most people would do is they would just leave the charts alone they would just okay it's break even they close down the charts I would still be observing it if it's if it just rejects this level again I would just reenter the market again at that level but anyway now we had this strong impulsive move to the upside here breaking Market structure at this point I've trailed my stop loss to break even not only that but I'm looking for a scaling position I'm looking to enter another position where as if you guys know I'm not a set and forget Trader I am someone who enters managing is um you know scales in um you know increases their chance of of of highest reward trades by scaling into more positions if that makes sense so I was looking for price to after it's broken to pull back to this level to then continue okay so I'm observing the market and that's exactly what happened there which you can see we had a nice uh rejection from this from this Zone I entered another position now one thing to note is this isn't my target okay this is just where I got stock out at for my trading stop I was originally targeting this level up here which we had so it would have been a um crazy risk reward ratio as you could have seen But if you guys have been watching how I trade I tend to set very very high take profit levels um because I don't like to be limited with my trades if I catch the trend nicely I want to let that run as far as possible now that's not being greedy because what I do is I Trail my stop loss with price section but I'm just I'm just giving price room to breathe because if you catch the trend sometimes which I have done you can catch really really incredible RIS reward ratios because I'm that person when when I'm right I want to be right big I don't want to put put in all this work to just get a small RIS reward ratio anyway so second position was entered I think we went into nice profits as you can see there now at this point here this is where I began to Trail my stop loss I I trailed it to here this one being a 1 to three this one being at a 1 to 4. 5 I trailed it to just below this level here because I was happy with the profits um and yeah that's pretty much it I was happy with where it was and I was expecting price to continue but as you can see we came back down um and I got stopped out um in a trailing stop loss but then as you can see after this price was very very choppy okay now I do not want to be in a market that looks like this something is coming when the market is moving like this it just means there's not many Traders active within the market and there's a reason for that which you'll see in a second um because there was a big move probably because of news well it was because of news um that took place which was the reason why price was so choppy um throughout the day throughout the afternoon there you go so why did we have that move if you actually look if I jump back up to the 15- minute time frame you'll see what happened price pulled back to retest our original area in the market of the neckline to retest it as an area of support now this was at 7:00 at night so I wasn't actually trading and it was just afternoon so I probably wouldn't have traded anyway but yeah as you can see it would have been a very very nice position the price action was great and I believe we did just continue moving to the upside after this yeah price just continued growing so the direction was right we understood that price was bullish um we just got in at a time where price was very very choppy however we did still manage to capitalize it a plus 7.
