Transcript
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The speaker introduces the video and explains the main chart indicators used for trading. They focus on key levels and why those levels matter in their style.
all right what indicators do I use this is a video strictly on just the indicators which ones they are why I use them so it'll be a very quick video so make sure you get your notebook out anduh listen in so right now we have gold on a 4our time frame and you notice the first indicator that I have up right here is key levels right here you would come here and just type in key
levels and the one that I use specifically is by trading wolf now the second one that I use is key levels by Spaceman just these both are visually pleasing now why do I have these key levels indicator onmy chart what benefit or how do I use these the only thing are my style of trading is as I've said in Prior videos is I am a supply and demand or pivot Trader based on pivots near keylevels that's the only thing I look at when I'm trading so we have all of our key levels marked out on the screen I don't manually have to do it anymore now the difference between Spaceman and uh tradingwolf is trading wolf will add your daily uh open and your daily low and it will add your awap levels your um average moving so if you look like to look at your moving averages it could be useful
This section explains how key levels guide entries, exits, and trade bias on gold. The speaker also discusses timeframe selection, price action, and related market correlations.
and then I guess to do the reasoning for the short my short trade I still have my targets to our previous quarter mid here which I think it'll hit before we have any bounces cuz based on how Itrade on pivots on the 4our higher time frames I mean why fight the trend we already broke this previous pivot and we already got faked with a retest right here if you look at the chart I know alot of people probably thought this was the time to enter longs to push us back to that previous monthly low but I like to follow the volume and I like to follow the news and events if the dollaris going to continue going up and if our economy is really going to Boom gold is not going to retest any of those key levels these are some pretty hefty drops in this 4H hour time frame now again
my my targets are to break this previous quarter mid at 540 I already sold my gold trade if you guys look on my Instagram and on my other YouTube video where I explain my entry it's pretty insightful videobut yes so now that we have our key levels the only reason I have these on the screen is I'm looking and I'm waiting for the price to reach these key levels now this is a 4 hour wecan bring it down to a 5 minute because the time frames that I use mainly are are the 5 minute and 1 hour for my entries and 4our weekly and daily for my charting but this isn't a chartingvideo it's just an indicator video so you guys don't get things confused so again look at this 5 minute chart and look at how our key levels are placed it kind of makes trading easy because look you can
notice how price starts to range and this is where you can get potential entries and exits is by waiting for a break out of one of these key levels to the upside or to the downside for me allI need is strong volume that is all I need so right now we don't really have nothing and it's 1:43 and I'm going on vacation after I make this video so I'm not looking to make any trades butwe need to break out a ranger so right now look how we've been ranging and dropping on the 5 minute for some time here and then we broke a key level so the my next thought that would cometo mind after this happening is are we going to retest this daily low which is a key level are our daily open or are we going to continue lower what I can use for gold along with my key
levels trading is I'm going to be monitoring the dollar like a shark I'm going to be monitoring other precious metals like a shark if I'm trading gold now if I'm trading the NASDAQ I would be looking at yourbig tech companies your magnificent 7 um companies like inv your blue chick slaps QQQ spy the vix all those will correlate but again this is not that video we're just doing our indicators so down here if you notice
The speaker introduces the volume indicator and explains how it helps read bull and bear strength. They also mention using order flow tools alongside it.
this is my volume indicator it is Arena by dgt you're going to come here and you're going to type bull verse bear and it's going to be this first one that pops up right here this is the onethat I use now again what does this do for me how do I use it it's just showing me the bull side and the be side strength that's it and it's just visually pleasing I like to see thepercentages I don't know why but it'll tell you the trend um if you like your adx and all that other good jazz good for you I don't really use it but it's just I like to see the flipsand the volume and the switches and the velocity and how it's moving um along with this I will use the order D and uh I have a video coming up on how I use the order Dom after this
This chapter covers the ICT kill zones indicator and how session opens and closes help frame key levels. The speaker ties this into gold's behavior across Asian and London sessions and broader economic news.
video so stay tuned for that but um yes so so far we have both key levels and volume that's it next we will go ICT kill zones and this is what this indicator looks like you would come hereand you would type I C kill zones and it's the first one that will pop up that is it by Lux algo now why do I have this indicator up and how does it help me in my tradingagain I'm a key level Trader I like to know where key levels are a key level for me would be where New York opened and closed where London opened and closed now look my my methodology and thinking wouldbe okay now in the Asian session we ranged we didn't really do nothing but we did create some higher points but again we didn't do anything drastic we just ranged and same with the London session they made us
think that we hit another key level and pop but nope we just rang now you got to figure this is the gold chart and we are are at some pretty high levels still and um there's still PE therethere's still banks that have targets for for 3,000 so my long-term Target to here I mean I already sold that trade but just keep in mind there's other banks that have targets F go under 3,000 and originally thatwas my bias but um we need to keep up with the economic news with gold especially when you're trading gold you need to be paying attention to world news economic news and all that good jazz it it makessense but now that we have my ICT Kill Zone indicator out of the way and how I use it again I just like to see where price is in each session that's the only reason why I would be
The final section explains the supply and demand indicator and how it visually supports trade decisions. The speaker closes by emphasizing that the indicators are free, the system stays consistent across accounts, and invites viewers to follow the channel.
using this indicator and lastly supply and demand guys that's it and it would be the first one right here supply and demand visible range by Lux algo this is it clicking on on our screen and again it'll justvisually show you the supply and the demand where you could also take potential entries and exits and if you look at the 5-minute chart look how the charts respect all of these indicators now again each one of theseindicators are free there's no reason to go sit there and pay money for indicators now if you would like to see how I use these indicators in action I trade 5 4 to 5 days out of the weekfrom 9:30 to around 11:12 reason why it's so short is because we usually make our profit or we are following our rules and not overtrading because we've suffered losses but uh yeah guys I trade my system live and
everything you see on my screen is how I trade and this is the only things I ever look at correlating with if I'm trading gold I'm looking at the dollar and other medals if I'm trading NASDAQ I'm lookingat spy vix big text uh companies and no matter what asset I am trading my indicators will stay the same my system will stay the same no matter if I'm in an eval account to a funded account tomy personal account my strategy and system will not change and my emotions will not change based on that so thank you for listening if you like this video and it helped you out and clear some M for yougive me a like And subscribe guys I'll see you later