This is exactly what I've been learning through a price action course. I'm trading forex, and everything I'm learning from this course I plan to attempt in bitcoin. It is exactly this type of thinking. And it repeats over and over again. I'm completely engulfed in the "Why" is this happening in the market. Trend lines and indicators, etc, never tell the "why." I've already experienced that knowing the "why" behind current price movement, has enhanced my trade selection immensely.
WOW.... Very very beautiful knowledge .... of Trading psychology... Plz plz plz bennet... again never never EVER ... remove this video from TH-cam... THANX
When analysing L/S ratio, would you compare that with L/S ratio of top traders? Perhaps enter when there's material divergence between them AND retail imbalance is apparent? BTW this is simply amazing. Now I feel less 'used'. Thank you so much for this. Very much looking forward to next series.
Maybe suggest a high level trading system based on this theory? "If too many longs get a chance to get out at break even, price tends to rise (& vice versa)"
Keep on it brother, this is great stuff. Thanks for the update. I gotta set those targets high and respect the stop losses and not move them up so frantically. Price winds and gets all those tight stops just looking for fuel ; I agree Tom !
Thanks buddy. No matter how much desire you have to earn money trading it’s the knowledge that helps at the end. Now I know why I lost so consistently.
You ever get that feeling that it also as if price waited the entire day to stay pumping up or dumping against you just within minutes of you opening your position 🤣. Hate that feeling
@@tinmajdandzic6437 This is explaned in the LRA paper linked. FX is an OTC market, so there is no centralised exchange or open interest. However, Tom uses the OI for the CME currency futures.
Yeah, but if you can do it consistently every day, those $600 profits will add up very quickly. His example could've yielded around ~0.60% gain. A 0.6% gain on an account compounded 100 times yields ~82% overall gain (1.006^100). This sort of trading is all about taking the small wins and limiting losses.
Yes, I also forgot to mention that futures contracts are highly levered, so generally just a small percentage gain on the contract leads to a significant gain on the account.
This is exactly what I've been learning through a price action course. I'm trading forex, and everything I'm learning from this course I plan to attempt in bitcoin. It is exactly this type of thinking. And it repeats over and over again. I'm completely engulfed in the "Why" is this happening in the market. Trend lines and indicators, etc, never tell the "why." I've already experienced that knowing the "why" behind current price movement, has enhanced my trade selection immensely.
have you figured it out with LRA?
Watching your video 2 days after and at 12:35 what you predicted is exactly what happened lol
WOW....
Very very beautiful knowledge .... of Trading psychology...
Plz plz plz bennet... again never never EVER ... remove this video from TH-cam...
THANX
Yesssss!!! Thank for making the série 🙌🙌
Can’t wait to see the next episode !!
This is an amazing in-deep analysis and series of tutorials... and guess what, in just days, it affected my confidence and precision... good luck..
Prince? Is that you?!
Best trading channel I've seen on You tube.
man... the best and intelligence analysis i've seen!! thank you!!
When analysing L/S ratio, would you compare that with L/S ratio of top traders? Perhaps enter when there's material divergence between them AND retail imbalance is apparent? BTW this is simply amazing. Now I feel less 'used'. Thank you so much for this. Very much looking forward to next series.
Phenomenal. Get some sleep!! lol
Admiration to your tenacious research.
this is brutal
Superb!More of this please!
Maybe suggest a high level trading system based on this theory? "If too many longs get a chance to get out at break even, price tends to rise (& vice versa)"
Just read Tom's book. Great video
Keep on it brother, this is great stuff. Thanks for the update. I gotta set those targets high and respect the stop losses and not move them up so frantically. Price winds and gets all those tight stops just looking for fuel ; I agree Tom !
what is the significance of Binance futures? Why do we care about them?
Thanks! I like to see more of that. Good job als always Bennett.
excellent video, my doubt is in the configuration of the Long short Total relative. I didn't find "ratio relative".
Thanks buddy. No matter how much desire you have to earn money trading it’s the knowledge that helps at the end. Now I know why I lost so consistently.
Unfortunately there is no realtime OI data at the CME 😢
Do you still need market makers if f.e. on Binance perpetuals the difference between longs and shorts is absorbed by the funding fee?
Does this approach work best on short timeframes, 5m 15m? Or just as good on hourly, 4h?
I think there won't be any difference, accept more hard reading...
Excellent analysis, thanks
You ever get that feeling that it also as if price waited the entire day to stay pumping up or dumping against you just within minutes of you opening your position 🤣. Hate that feeling
Yeah, after looking at LRA videos and ebook I totally understand now WHY!
Looks good on paper. But will it work daily or on a 4h chart?
yes. 1h is best
This is so much value in this video OMG !!
Can you help me how can i use this for forex becouse i cant find that kind of indicators in TradingView
You *can't*
Use TRDR.io for it
@@bitcointradingchallenge3861 can't use that site for Forex
@@tinmajdandzic6437 This is explaned in the LRA paper linked. FX is an OTC market, so there is no centralised exchange or open interest. However, Tom uses the OI for the CME currency futures.
what's the name of the site you're using for that chart at 2:15? i like the way open interest is coloured and presented in candle form
I believe that is tensorcharts
How do u get the indicators on trading view?
Hi! Where can i find the indicators you use in the video? Is it free? )) Thanks!
how can I see the Open Interest in tradingview? is that a private indicator?
whats the site you see the OI in ?
Thank you Bennett
Genius
how do i look at those indicators?
A 600 bucks profit, at best, for a 100K position ?? 😳 Did I hear you correctly? Is that even worth it?
Yeah, but if you can do it consistently every day, those $600 profits will add up very quickly. His example could've yielded around ~0.60% gain. A 0.6% gain on an account compounded 100 times yields ~82% overall gain (1.006^100). This sort of trading is all about taking the small wins and limiting losses.
vd101, wasn‘t it 600 profit over a period of months, though?
@@bubblybull2463 no, it was like $600 in a couple hours. He's trading a 5min chart
Yes, I also forgot to mention that futures contracts are highly levered, so generally just a small percentage gain on the contract leads to a significant gain on the account.
Since i started trading i haven't seen anyone who impresses me like George jorkins Trading.
I thought i was an expert i almost lost all but with mr george jorkins, i'm recovering losses.Thank you sir!
I want to be a part of this, i need more information please?
@@dianazoey3405 I got talking to him through his mail at
Lol
i have a guy crush on you