Hey hey: what's up my friends, so in today's episode right i want to talk about how do you trade like a pung sniper? Okay, so so, as you know, right a sniper, they are people who are usually meticulous. They are slow, they are careful and when they point at the target right, they want. You know a good hit rate. Okay, it's not like machine gun where you keep fighting.

Remember right. Sniper is slow, steady and accurate, so we want to bring those uh sniping personality right to trading, so we want to look for the best uh trading setups right that we can find. So what are the things to look for number one right? Uh! You want to look for a trending market to trade with the trend, and why is that simple right? Because when the market is trending, the path of least resistance is pretty clear. So, let's say market is in an uptrend.

If you measure the the way for the the you know, the the trending and the retracement move in an uptrend, you realize that the trending move otherwise known as the stronger lake of the move in an uptrend. It's usually longer than the pullback usually longer than the retracement move. So if you are trading with the trend, what this means right is that it offers you greater profit potential, as the market could move further in your favor, rather than you taking counter trend. Trades number.

Two right: you want to trade from an area of value. So, yes, just because the market is in an uptrend doesn't mean that you want to blindly buy, because you could be buying near the highs you could be buying when the market is about to make a pullback you could be buying when the market is about to Make a reversal and the problem with buying - and you know when the market is overstretched right, is - is that you know there is no logical place for you to set your stop loss. The nearest swing low, the nearest area of support, is usually very far away and that you know doesn't offer you a favorable risk to reward on your trade. So what you want to do in state is to trade from an area of value.

So what is an area of value? My definition of area of value is an area where potential buying pressure could step in so, for example, it could be an area of support right. You know. Support is a potential area on your chart where buying pressure could step. In it could be an upward trend line, it could be a trend channel.

It could be the moving average that the market has respected over the last two three times right. So this is what i mean by area of value, so in an uptrend right, your area of value could be an area of support, could be a respected, moving average et cetera, so trade from an area of value. That's number two. Next, one number three stack area, so this is a concept right that uh, it's a name, i kind of come up with right, but the concept is nothing new.

So what you want to do is that you want to make sure that your area of value - let's say you - are trading on a daily time frame. Your area of value on a daily timeframe coincides right with an area of value on the higher time frame. For example, the weekly, so let's say you know, your area of value on the daily timeframe is an area of support, and you realize that that same area of support on your chart coincides with a weekly upward trend line that really sweetens the deal a lot, because That area now is watched by even more traders around the world right. You know traders who trade the daily time frame, as well as traders who trade the weekly time frame, so that area becomes more significant and when it's more significant, you can expect a bigger uh.

Would say a larger reaction at that area makes sense. Okay, so so that's number three stack area number. Four. You want to wait for a entry trigger right before you put on a trade.

An entry trigger is something as simple, as you know, price rejection. So the market comes into your area of value. You want to see the price get rejected quickly at that area, so the price comes into support, for example, and it quickly leaves support. So usually this type of price, rejection or or the price pattern that you see on your chart could be something like the hammer.

The bullish and golfing pattern where the market comes into support and bounds higher and you know, quickly, leave support. So this is a price rejection. This is an entry trigger that you want to wait for right when you, when you trade, like a sniper okay. So these are the four i would say four concepts right to to keep a lookout when you're trading the markets - and it would, you know, really help.

You know improve your odds when trading and a couple of more tips that i have for you right is number one bonus tip number one is this: if you trade the stock markets, you want to utilize this concept called relative strength right. So what this means right is that you want to buy the strongest stocks out there. So here's the thing there are easily thousands of stocks out there in the us stock markets and and how do you define right? What's strong and what's weak? So a very simple thing that you can use is to use this indicator called the rate of change indicator. It simply measures right, the the change in price over a given period.

So, let's say uh 50 weeks roc. It simply measures right. The change in price over the last 50 weeks, so you want to rank these stocks right according to their 50 weeks, roc, and focus right on buying those stocks that has the highest roc value, because these are the stocks right, which are the strongest right over the Last 50 weeks, because they have moved them, move up the most in price, and these are the strong stocks, and these are the stocks right that tend to continue to outperform the market. This is based on my own back test research, as well as the academic research right that i've studied.

So really, if you trade stocks focus on stocks right that are, you know having the strongest momentum focus on stocks right that have, you know, move up the most in price over the last 40 or 50 weeks. These are the stocks right there. You know you want to be focused on okay, so that's the first tip i have for you second tip i have for you is uh for those of you who trade fx, okay, different forex market is different for experts right. They have different behavior, for example, if you uh look at the pound yen right, this is a market right on a daily timeframe.

It has a trending behavior. What this means is that, whenever poundian breaks above the previous day high, it has a tendency right to continue moving in that direction and, on the other hand, a market like aussie, canadian right whenever it breaks below the previous day low. You tend to reverse right and goes back in the opposite direction, so this again right. It's understanding the different behavior of the fx markets and again, if you want to you, know trade like a sniper and you trade fx, it's uh important right to understand the different characteristics of different different currency pairs out there right, because if you know a market has A trending market, behavior and you're about to trade, a breakout that really puts the breakout odds in your favor because, statistically right, let's say, for example, uh poundian is shown to be a trending market.

If you trade, a breakout or you trade, a trend, continuation, trade, the statistics, the math right - is really in your favor. Okay, make sense all right. So with that said right, i have come to the end of today's episode. So a quick recap: number one trade.

With the trend. Number two uh trade from an area of value. Number three stack area number four entry trigger. This is something what i call the taste formula.

This is taste, sorry, t-a-s-e, taste formula and a couple of bonus tips that i shared is uh number one uh relative strength, focus on buying the strongest stocks out there and number two uh. If you trade, fx right, understand the different uh currency pairs, behavior right and you can use those statistical data right to your advantage when you're trading certain setups. So with that said, i wish you good luck and good trading i'll talk to you soon. You.