in this video I'm going to show you how to pick the best trades using AI software this is a question I get asked all the time and people go off and they lose lots of money trying to do this sort of thing so in this video I'm going to give you a really really great way to spot the best trades and you're going to want to save this video because I'm going to give you a process a little strategy here that you can do over and over again to find the best trades for yourself so
let's get stuck in all right first and foremost I want to say that I've never really promot Ed signal Services because I believe that you need to understand what you're doing you need to understand what's behind the signal when you're looking at trading but this is as close as it's going to get to being a signal service because you can come on check the hot trades for the day and then you can go into the charts and use some technical analysis skills I'm going to show you now to identify and pinpoint the best absolute best
entries so the first tool I'm going to use is forecaster now you guys might I've mentioned uh hear me mentioned forecaster before it's a phenomenal tool and they've just recently released this AI feature the AI agent and what I'm going to show you how to do here is go over to the quantum screener and I'm going to be looking at trades right so I want a trade so it's going to be in the in the next month right trading you want to be in and out I'm not looking longer term and I'm going to use
Forex because that's my area of expertise when it comes to trading and what this will do is it will give you the best to worst trading uh opportunities right and what these are based on these are based on many different algorithms uh correlation price action seasonality um and it gives you the direction of the trade win rate average return right it even tells you when to open the trade and close the trade which is pretty much the same as most signal Services the difference is I'm going to show you how to understand whether or not
this is a good one or a bad one so so let's just like the top three here let's just pick uh the pound Yen okay what I'm going to do is I'm going to click on this little um tab here and it's going to come out and show us uh the seasonality of that particular pair now I can just drag this along here you can see this looks like a nice ball Run Okay so we're going to go from here to here so this is the 23rd of March so if I got into the trade
on the 23rd of March and got out around a month later around the 28th of April you can see there's a nice bullish run there but I don't want to stop there what I want to do is I want to get some Confluence and some confidence that that move uh has some seasonality meaning that over the last 10 years after over the last 15 years over the last 20 years that there is correlation between what happened with price over that exact period of time and if that all matches then obviously that's some added Confluence to
the trade setup now what we can look at down here is a correlation what the correlation means is it Compares seasonality with actual price the the behavior of price right now and it tells us how correlated it is to that historical seasonality so you can see we've got over 10 years it's 90% 91% over 15 years almost 90% over 20 years that is a pretty good opportunity according to the data and this is real data um and if you scroll down you can see that it's a 3% 3.3 3.2% return if we were to get
in Long statistically at that point in time at the uh end of March or 23rd of March and get out at the end of April right so that in itself is a signal service with added Confluence okay which most signal Services don't give you that's the benefit of forecaster but I'm not going to stop there what I'm going to do is now I'm going to go over to the chart of the pound Yen and use my trading technical anal is skills to see if it matches to see if I believe that there is likely to
be uh a long opportunity and more importantly how we can get in into that opportunity because we can we can all spot these opportunities but getting in is a completely different uh ball game so first things first I'm on the daily time frame I can see we're going from bottom left to top right meaning we've got a bullish Trend that's one good sign and as a technical Trader I know that the pound yen is very prolific for for these breakout setups we get these compression channels and then we get a breakout now this particular setup
normally uh it it breaks to the upside okay but there is about a 50/50 chance that we dip down first or we just continue straight to the upside so sometimes Market does this and sometimes Market uh just rallies straight to the upside but either way there's about a 70% probability in my own historic iCal back testing and experience that we're going to test this High okay so how do we get involved well let's drill down a little bit let's go down to the 4H hour the 4our time frame and start to look at how price
is behaving on that intraday time frame so that we can look for entry techniques now look at this you can see that we're approaching the bottom of this particular uh Channel and if we just draw a horizontal line in uh here right at where this rejection was looking left you can see we had some significance here had a double bottom here we had a a rejection candle here with a three bar reversal and then we had this fake out we had a lot of pressure here a lot of buying pressure here where the Bears were
trying to take control and the Bulls just weren't allowing that to happen and then we rallied off of that that zone there and now we're approaching that level again and look what's happening we're seeing first of all we rolled off of the cliff had this big bearish reject like roll over and now we're starting to see this rejection at that level again so my personal um approach to this would be to wait for one of two things one a three bar reversal at this level which would mean we'd need a higher higher higher close uh
on the next candle after this one or if you're a bit more conservative you just wait for a double bottom entry now if you haven't if you don't know what a double bottom entry is I have an entire strategy video on my channel I'll put that here where you can go and watch and that strategy will serve you very well for entry technique so you can go and watch that one after this one but you can see that we're putting in a rejection here which lines us up for either a free bar reversal if you're
a bit more aggressive or a double bottom entry which means you'll have to wait a little while but you have to wait for a little retracement here and then a second test that tests the previous low but doesn't break and close below the previous low okay so that is end to end how you would use the uh Quantum screener on forecaster to look for the best opportunities that they're throwing up based on seasonality and correlation with price and then you would use your technical analysis skills to drill down into the chart and identify the pinpoint
best entry so that you can get the best reward to risk profile and you can get the uh you know the the best entry to suit you so again targets would be up at the highs so this could be a potentially a massive trade um I'm going to keep you updated on this if you haven't subscribed to this Channel please do so already because 78% of the people that watch these videos aren't subscribed to the channel and I'm going to be doing lots and lots more videos like this so if you like this one definitely
subscribe and all it's left to say is this look if you don't have any technical analysis skills I recommend that you obtain some if you want to check out how we teach technical analysis you can go over to tier one trading and you could check us out you can come and join us for a couple of weeks and see how you get on uh you'll learn everything you need to know right there or if you haven't already watched my trading for dummies video you can learn the six principles of trading price action over there as
well so until next time take care have a great rest of your day and I'll see you then
