Video Transcript

Rayner (00:02)

Hey Hey, What’s up my friends?

Now we have Darek Dargo in the home Baby!!!

So Darek is a full-time forex trader.

He has been profitable each 12 months for the last 7 years.

Do you understand what’s even crazier?

I actually have seen his track record. He has taken nearly a thousand trades and might you guess his winning rate?

He has a mean winning rate of 86%.

This can be a man you would like to learn and listen to from especially for those who trade the forex market.

In today’s episode, here’s what you’ll learn.

• How Darek got began in trading and why he selected to specialise in the forex market.
• Darek’s proprietary price motion + MACD trading strategy (Entries, Stops, and Targets).
• The OPOS trading strategy (Suitable for those with a full-time job).
• The difference between supply and demand and support and resistance.
• How Darek handles news events in trading (And it’s not what you’re thinking that).

All this and more in today’s episodes, are you ready?

Let’s go…

Rayner (01:39)

Welcome Dargo to the show. Completely satisfied to have you ever today.

Dargo (01:43)

Hello, nice to see you, Rayner.

I’m also comfortable to have this podcast or interview. I’m comfortable that I actually have a possibility to talk with someone who lives 15,000 kilometers from me.

Rayner (02:03)

That’s pretty far, right?

One thing that I need to say is that we haven’t known one another for a very long time, but having interacted with you, and seen your postings, I like your trading approach.

Where you mix each, price motion and indicators.

Because you understand, people fall in type of like one in all two.

Either I’m a price motion all the best way, one hundred percent naked trading, or I’m going to go down with the symptoms.

But you could have a mix of each and I see that it worked out for you. I just like the thought process behind your trading.

We are going to dive in additional later.

That’s my appreciation to your trading methodology.

To kick things off, if I were to ask you in a single word to explain your growing-up years.

What would that one word be?

Dargo (02:54)

I have to say, after I began, did you mean the entire life or did you mean the trading-only period?

Rayner (03:07)

I’d say more towards growing up years…

Possibly might be anywhere from you understand once you were 5-20 yrs. old.

It’s more of your personal life.

Dargo (03:19)

I’m a one who likes competitions. I prefer to compete with all the things and anything.

I prefer to compete with my friends in the college to be higher.

I liked to compete after I began training in sports.

I prefer to compete also after I’m a trader because after I’m trading, I actually have one competitor, it’s the market and me.

That’s what I like about trading there’s no one around me.

No person will tell me what I should do.

I’m just using my knowledge.

I like competitions. I’m similar to I used to be 10 years old.

I at all times would love to be the winner.

Rayner (04:17)

Could you share with me a time once you competed and maybe the end result wasn’t what you were in search of?

Are there any stories you can share?

Dargo (04:32)

Well, competing for me means getting yourself higher.

Because for those who don’t must compete with someone, you’ll never know what level you’ve reached.

You simply can test your level for those who compete and compare yourself with someone.

I used to be living in Sri Lanka for over six years after I was a boy.

I used to be there with my family.

My father worked in a Polish embassy, and I used to be just a toddler.

I lived in Sri Lanka in Colombo, and my father took me to a swimming pool.

Just saying…

This was an enormous opportunity to learn to swim because, in our country, we couldn’t swim outdoors for greater than two months a 12 months due to the climate.  

For the swimming pools, we had a number of of them in those years.

After I was walking by the pool, I slipped and I fell inside and there was no one around me.

This was the best way I began learning to swim because I needed to survive.

I fought with all my strength.

After three months, I began competing in a swimming contest in Sri Lanka.

I got the championships of Sri Lanka in diving and swimming in a hundred-yard pool.

That’s how I began feeling that competing makes me stronger.

Rayner (06:22)

That’s crazy.

It’s such as you by chance fell into the pool and most of the people if there’s nobody around, they might have drowned.

But you found yourself by the bank.

From there, you began having a passion for swimming, doing it competitively, and inside two months, you won a championship.

Dargo (06:40)

Yes. It was a lunch break.

No person was within the swimming pool.

People were sitting within the shadows, drinking some beer, and eating lunch.

Because this was a club, it was called “Otter’s Aquatic Swimming Club” in Sri Lanka.

It was a club for individuals who just liked to spend their free time there.

It was also a restaurant with all the things around.

The pool was just an element of this huge complex.

I used to be alone within the swimming pool at the moment.

Rayner (07:19)

For most individuals, in the event that they fall into the pool and so they haven’t any experience of swimming, there’ll be fear, right?

Was there any fear in your mind once you were within the pool then?

Dargo (07:26)

Yeah, in fact.

I just don’t remember so clearly.

But once you compare this moment with the moment once you start trading and also you fail, it’s nearly the identical.

You simply have to get up and check out again.

That’s my way of living and trading.

Rayner (07:42)

But in swimming, for those who fall and also you don’t have the skill, you may drown and comprehend it’s rather a lot more serious than simply blowing up a number of accounts and trading.

Dargo (07:54)

Yeah, the stress is sort of the identical.

This wasn’t a deep swimming pool.

I fell where it was not so deep.

It was about perhaps one and a half meters.

If I had fallen within the deep water, because there was also the second a part of the pool was very deep because there’s a jumping tower.

Then it could be worse.

Probably, we won’t speak today.

Rayner (08:20)

I see…

How old were you once you fell into the pool?

Dargo (08:28)

I used to be eight years old.

Rayner (08:30)

Eight years old.

You said that your father worked within the embassy and that’s why you’ve been there in Sri Lanka for six years?

You mentioned that.

Then you definitely got into competitive swimming.

Since competitive swimming and trading are all very competitive endeavors.

Where do you’re thinking that the similarities lie between competitive swimming and trading?

Dargo (08:48)

As I said originally, we compete with someone, either with other swimmers or we compete with the market.

We all know that traders prefer to boast about their results.

In case you check the web, you simply see good results.

You never see those individuals who lose.

Someone who hasn’t the concept of trading will say…

“Well, it’s an ideal business, everyone seems to be winning”

After I compare swimming and trading, and I do know many people who find themselves losing, I say it’s similar to in a contest.

There’s just one winner and most are losers.

The identical is true in trading, I feel that 20-30% are winners and the others are losers.

But it surely doesn’t mean that for those who lose today, you possibly can’t win tomorrow.

This is similar as after I began swimming.

I got here seventh, eighth in the competition, then fifth, then I used to be third, after which I used to be first.

All the things signifies that it is advisable to practice because swimming is such a type of sport that you just cannot achieve good results for those who aren’t training.

I at all times compare football with swimming.

In football, you possibly can by chance kick a ball and it is going to fall and make a goal.

It will probably occur by chance.

You will have no accidental ends in swimming.

In case you aren’t well trained, you can’t change your results, let’s say five seconds in 100 meters each day.

It’s unimaginable.

That’s why swimming training is one in all those sports where it is advisable to work hard.

I used to be training twice a day for about 10 years, even on Saturdays, six days per week twice a day.

Early within the morning at six o’clock before going to highschool, after which after I come back from school, I’ll train then I get back home at six o’clock within the evening.

I reply to the issues in an easy way.

Problems are only one in all the things that I would like to unravel.

It’s not making me sad or historic. Because I feel that an obstacle is something which it is advisable to fight with.

Is it life, is it sports, or is it trading?

This may be very necessary; it is advisable to be hard like a stone.

Generally, sports give rather a lot because I learned to be hard and I said…

“I learned to be tough, not soft’’

That’s it.

Rayner (11:58)

I find it irresistible.

I’m curious because once you mentioned you train twice a day for swimming, I feel you’re competing at a high level.

What type of level are we as competitive swimming?

Dargo (12:06)

After I was young, my best result, was the finals within the national championships.

I never got a gold medal after I was a teen.

I got here back to swimming in 2005 as a master’s swimmer.

Those are older people still participating in contests.

It was over 18 years ago. I’m still training, not so like I did after I was young.

Now I’m training 3 times every week only.

Let’s say per 12 months, I’m swimming about 300 kilometers only.

It’s not a giant attempt, but you understand, the age can be, it is advisable to remember your age.

You can not do an excessive amount of since you will spoil your health.

But one of the best results I got as a master because I actually have about 20 national records in the intervening time and I’m not able even to count what number of gold medals I got in my different age groups because I began training.

I got here back to swimming after I was about 40 and from that point on I lost very rarely I’d say.

I used to be participating within the World Masters Championships in Gettrborg.

I took part two times within the European Championships, It was in Cadiz and Slovenia.

I prefer to travel and swim also.

It’s a possibility to satisfy nice people.

I met people from all around the world after I was within the Championships in Gettrborg in Sweden, there have been seven thousand people participating in these championships and there have been people from the entire world.

I met then individuals who I remember were idols for me after I was young.

Those were individuals who were world championships in swimming.

That point after I was 18, they got gold medals on the Olympic Games.

Then I competed with them after I was 40.

It was something wonderful.

In Gettaberg, there was a swimming pool with an enormous green field, since it was an open swimming pool.

There was a type of picnic there where a number of thousand people from all around the world were just speaking, exchanging the T-shirts and the swimming caps.

I actually have one from Brazil from a swimmer who won the world championship on the Olympic games.

For me, it’s a type of a pleasant item I actually have.

That man has a history of swimming.

That’s something which it’s essential to discover a balance between work and entertainment.

You can not work only because for those who work too long, the results are even worse than for those who work just the optimal time.

Similar to with trading. I attempt to trade not greater than five hours per day.

In case you stay before the pc too long, you stare upon the chart, you understand a person’s brain isn’t perfect.

When it gets drained, then also the outcomes are bad.

I hate overtrading.

I remember after I began trading 15 years ago.

No, I began trading within the Nineteen Nineties.

Probably most of our viewers weren’t on this world.

Within the Nineteen Nineties, big changes were going down in my country. We became independent from the Soviet Union, which was keeping us in very strong relations and we weren’t in a position to do what we wanted.

In 1990, the changes got here, after which also the stock market was reactivated.

I began to learn the principles of the capital market, the mechanics, the way to govern the market, what’s the demand, what’s supply, and what the capitalization of an organization means.

Within the Nineteen Nineties, the Warsaw Stock Exchange was reactivated.

I remember my first buy, I purchased 100 shares of a Polish company, Electrim.

It was an organization that was constructing the highways.

It was a construction company.

Imagine me that those 100 shares, I sold two years ago.

I kept those shares for over 20 years.

It was 1991 after I began buying stocks.

I sold them in 2021.

It was 30 years because the corporate was not existing in any respect anymore.

It was just divided into small firms or other firms.

Then someone began buying those shares because they weren’t already on the stock.

Rayner (17:28)

Why did you sell?

Dargo (17:29)

I got a suggestion by mail that I owned 100 shares of this company,

I had two selections; I could sell them or I lose all the things.

I got some money for this, not big money, but still in comparison with what I invested, it was still about 500% greater than I invested compared in dollars after I counted due to the change in value.

But you understand, those are funny times when the stock exchange, there have been quotations twice every week, Tuesdays and Thursdays.

There was a limit that a stock cannot go up greater than 10% per day and can’t fall greater than 10% a day.

It was like a casino, buy or sell.

It had nothing to do with the actual market. But then in the future got here a black Thursday.

There was a crash and the stock began falling like crazy and fortuitously I took out the cash I invested.

I used to be not in a giant minus.

But I do know that many individuals lost all the things and there have been problems.

Some suicides and so forth it was a black Thursday in Poland.

Then I got here back to trading after some years

The way it began, I don’t know if it’s interesting, but how I began, many individuals, after I asked, the way you began trading?

“Oh, I saw it on TV”

“Oh, I saw it on the web”

“Oh, someone called me that there’s a possibility and I began fascinated with trading”

The way in which I began was different.

I began with real money, real exchange, and the interbank exchange because I used to be running for several years a foreign trading company.

I used to be buying and selling, I used to be importing goods from China and selling them in Germany.

I used to be buying Polish products and selling them in England or Italy.

I suppose it was only a typical trading company.

After I was buying and selling goods from different countries for various currencies, I needed to exchange those currencies.

Now, when I need to purchase something in China, I would like dollars, okay?

I sold the products for the German Deutsche mark so I had to vary the Deutsche mark to dollars.

Then I noticed that If I waited a number of days, I sometimes got a greater exchange rate than I’d have on Monday.

Let’s say…

“I desired to exchange 100 000 Deutsche marks on Monday”

But I said…

“Oh, I’ll wait until Wednesday. I got a number of dollars more”

I noticed that I could earn cash or lose on the currency conversion exchange rate.

I began following the charts because before I just had the data from my bank…

“How much I’ll get for the British pound”

Oh, so many dollars.

Okay. Thanks. I’ll wait.

Then I got to the charts and I began watching the charts and I said…

“Some type of system that I can foresee that the bucket will go high or lower”

That’s how I began gaining money and exchanging the currencies.

But those were real markets, not contracts for various.

Those weren’t futures.

Those were real money to real money.

Now, that is one-to-one without the leverage at the moment.

That’s how I began watching the charts.

Then after I closed the corporate, I began trading.

Since that point, I’ve been within the trading. I don’t have every other activity in the intervening time.

Rayner (21:32)

How long have you ever been doing Foreign currency trading because you mentioned you sold the corporate?

Dargo (21:37)

Something about 2008 I began my first contact with charts.

I used to be at all times the charts of stocks.

Because I had it in my blood that stocks were at all times interesting, but I didn’t invest much money.

It was only a hobby.

But after I began the exchange rate, this was 2008, and 2009, I discovered that contracts for difference are really easy to trade.

They’re really easy in comparison with the stock market.

I said…

“Well, with the stock market, I can only buy”

I can try it in just one direction.

I should purchase it and hope that it is going to sell at in higher price.

But on contracts for various, I can trade each ways.

I said…

“Wow, it’s El Dorado for me”

I can sit two hours before the pc and I should purchase, sell, and be wealthy in a number of hours. In fact, the truth was a bit different.

I remember burning my first account. It was crazy.

I opened an account, an actual account, and I invested not an enormous account, it was about $5,000.

I constituted of $5,000 to $15,000 in 20 days.

I said…

“Wow, this is that this”

I mustn’t work anything anymore.

I’ll just trade and I’ll be so wealthy that I don’t know what to do with the cash probably.

That point I began swimming also.

I left an open trade on USDJPY with a giant volume because I used to be trading crazy.

It was 10% up, 10% down.

I went to the swimming pool. And after I got here back, I discovered that there was $10 on the account.

I said…

“What is that this?”

The very first thing I assumed it was a scam, was that somebody cheated me.

I called the broker, what happened?

The broker said…

“Well, check your account and see what happened”

Then I discovered that there’s something that we call payrolls.

It was a payrolls day and the payrolls were very positive for the dollar and I used to be shorting the dollar against the Yen.

I lost all my accounts on one trade only.

I do not forget that from that point I said…

“Okay, so the basics even have some influence not only those lines on the charts”

Then I began following the basics.

Now I mix a little bit of fundamental be technical evaluation.

I feel that technical evaluation continues to be let’s say 70% of the rationale that I opened a trade.

But there are a number of events which we’d like to look at.

Payrolls, central bank decisions regarding the monetary policy.

These days, also the CPI reports, and the inflation rate report.

Because yeah, you remember the time when inflation was about 2% and it was not changing nearly, and this was not any necessary news.

But nowadays, sometimes the inflation reports are much more necessary than the central bank decisions.

Those three things, we cannot get crazy and watch every event since it’s nonsense.

A lot of the events have a short lived impact, perhaps a number of hours and things return to normality.

But payrolls, CPI reports, and central bank decisions, especially after we expect some…

Rate of interest changes are those things we’d like to look at.

Rayner (25:24)

Why did you select to focus more on the foreign currency trading?

Possibly as an alternative you possibly can have done things like stock markets and even CFD.

Why foreign currency trading?

Dargo (25:34)

I feel that the volatility is de facto interesting on the currency exchange.

The currency exchange rates are moving.

There are some special pairs, which I like to trade.

I prefer to trade Pound with the Japanese Yen.

It’s a pair which is giving huge opportunities.

It’s a trending market.

The trends last for a number of days, at the very least.

I’m a swing trader.

Let’s say that the final.

I’m a swing trader and a scalper.

I’m not a position trader.

I slightly prefer scalping and swing trading.

But generally, from stocks, I prefer to trade indices, the S&P 500, and the German 40.

Those are the indices I trade also. I don’t trade exotics.

Because exotics, there are huge costs.

The provisions the brokers take are huge on the exotics.

The spread is big.

Also, the probability that the market will change in a second is big because those markets prefer to be speculated.

The markets aren’t at all times behaving like they need to.

Two currencies are also manipulated.

It’s Yen and Swiss franc.

We all know that the central banks have a huge effect on what’s happening.

Bank of Japan is a special variety of manipulator.

I’d say…

“That’s why things that are happening on the Japanese yen, we cannot understand them”

We just have to feel them only.

The one country on the earth which has a negative rate of interest is Japan.

The inflation they’ve is at the identical level as america.

After we take a look at the dollar with Yen, from the basic standpoint, there’s no reason that Yen could get stronger.

You get five and a half percent of your savings within the US bank for those who keep it in dollars.

In case you keep your savings in Yen, you get minus zero one.

So why should I keep yen?

The basics also help us to know the markets.

The basics are also in.

Rayner (28:04)

All right, so that you’ve been trading Forex full-time for the last, was it 3-7 years?

What number of years has it been?

Dargo (28:11)

I feel it’s about 15 years now.

Yeah, however the primary contracts for various contracts for difference

Rayner (28:16)

Since 2008 you’ve been trading Forex full-time actively.

Nice. Okay

But for now, it’s still contract for difference or is it more of trading forex within the OTC markets with the brokers?

Dargo (28:28)

Yes, something like this also I actually have a number of accounts.

I even have a futures account. I cannot say that I’m only in a single direction.

But in the intervening time I have to say that the contracts for difference for me are perfect for trading

Rayner (28:47)

Okay got it.

I feel because in several countries they call it in a different way.

Some call it contracts for various, some call it spot forex, and a few have forward futures.

There are numerous ways to trade the currency market not only you understand on certain like OTC markets.

I feel different countries have other ways or different accessibilities for his or her retail traders to access it.

Dargo (29:05)

Yeah, over-the-counter, it’s nearly similar to contracts for difference for me.

Rayner (29:10)

Let’s touch a bit of bit more in your trading approach.

I do know you specialise in the forex market.

Possibly a high-level overview, perhaps you possibly can share with the listeners, the audience, how do you trade the forex markets?

We will talk in regards to the high-level overview first, after which perhaps in a while dive deeper into the precise strategies that you just trade.

Dargo (29:29)

How I trade Forex market.

The very first thing is that I at all times say that it’s irrespective of the way you trade, or what type of strategy you utilize, it’s very necessary to follow the foundations.

If you could have a technique and also you test it for five, or six times only, this offers you no idea, if is it a profitable strategy or not.

In case you can backtest the strategy, it’s even higher, but not all strategies are possible to be back-tested for a lot of reasons.

I take advantage of expert advisors, but I have to say that I don’t know the way to program them.

I only gave some instructions to my friend and he wrote the code.

I discovered it a bit problematic for me to present my ideas to someone, he would turn them into mathematics and so forth.

So, I quit expert advisors.

Now I’m training manually.

I have to say that crucial thing for me isn’t what I’m training, but how I’m training.

Because each instrument is sweet for trading, but it is advisable to discover a special approach to it.

You can not trade in the identical way.

Currency just like the Pound may be very dynamic in comparison with Euro which is flat.

The very first thing it is advisable to do is describe the market, is it a consolidation market with some range?

If it’s very volatile then it is advisable to use this specific strategy for that instrument.

The strategy must fit your character and your lifestyle.

In case you are a full-time trader, no problem, you possibly can try different strategies.

But for those who are working, and I feel most of our viewers, our friends, they’re working and trading.

They will need to have such a technique which can fit their lifestyle.

If he comes back from work and has only three hours per day for trading, he will need to have one other strategy than someone who can sit before the pc from early morning to late evening.

That’s why I at all times say that folks who work and don’t have much time, wish to trade and use it as a hobby.

They may use a technique that relies on pending orders.

I actually have a technique which is known as “OPOS”.

It’s a technique based on pending orders, but you could have supply dimensions and you propose a trade in front.

Even for those who are at work, the broker will open the trade if it’s pending or if the market hits that level.

I’m a full-time trader.

I take advantage of mainly a technique that relies on manual opening.

I open the trades manually

I actually have a technique with very objective assumptions.

What I mean by objective, is that my strategy relies on three questions.

Those are questions that I call zero-one.

You may only answer yes or no.

You can not hesitate to reply if the idea is matched or not.

If I say…

That a part of the strategy relies on breakouts.

 If I ask myself…

Was the breakout done or not?

I already see it on the charts.

Yes.

Since the market is closed below the or over the extent or not if it didn’t do it.

Quite simple query.

The worst strategies my opinion are those where you hesitate perhaps yes, perhaps no, I don’t know, I have to think it over.

The most effective test is that if you could have 10 people before you and also you ask them an issue, if 10 of those people can answer the identical, it means that is an objective query.

If I ask someone, is it outside, is it day or night?

In fact, everyone says yes, it’s day since the sun is shining and no problem.

But for those who ask someone in regards to the weather in China in the intervening time, someone will say…

“Oh, I don’t know. I have to check it”

Possibly it’s sunny or perhaps it’s winter.

That is the issue.

The assumptions of the strategy should be quite simple.

My strategies are quite simple price motion and as you mentioned originally of the session, I’m using MACD.

It’s an indicator.

I sometimes feel shy saying that I’m using indicators because I do know that markets consider that naked trading, isn’t we naked, however the charts are naked.

It’s in fact the easiest way of trading.

Indicators are disturbing, distracting us, and so forth.

I assumed so also originally after I began trading.

I only tried to make use of no indicators.

Then I began testing lots of of indicators.

I remember a chart after I had about 12 indicators without delay on it.

Then I discovered that, it’s not the best way.

I began eliminating all the symptoms and the one indicator that survived is the MACD.

But I’m especially using MACD. I’m not using it as most individuals show that there’s a signal line and so forth.

 I’m just the changes within the direction, nevertheless it’s not all.

The MACD is an indicator that filters the setup.

It signifies that it’s not deciding to enter a trade relies on three steps.

First, I would like a pattern like an inside bar, outside bar, or pin bar.

Then I would like a break up from that pattern.

Then comes the MACD as a filter.

If MACD isn’t showing any changes, it’s still in the identical mode, let’s say bullish and I need to shorten the MACD to say…

“No shorting. Wait”

That’s how I’m using MACD.

The MACD isn’t the one decedent.

It’s not the rationale that I open a trade.

I would like some more signals from the market to open a trade.

What’s necessary is maintaining with the foundations. Even when things don’t work 10 times it doesn’t mean that it is going to not work.

You could test it 100-300 times before you possibly can say…

“Yes, you could have an edge or not”

Rayner (36:36)

What if let’s say…

“You test a trading strategy 300 times after which it loses money”

 What’s the next move?

Dargo (36:41)

If I see that from 300 trades, over 50% were losing.

It’s time to vary the assumptions of the strategy or simply quit it and search for an additional.

Normally, the primary strategy I’m using, it’s very easy to check it.

If you would like to test it, you simply sit down through the weekend when you could have more time you simply seek for the patterns.

I take advantage of my favorite patterns are engulfing patterns.

Two candlestick patterns and you possibly can check all of the engulfing patterns on the chart.

Let’s say three months and check what happened after the breakout.

Did the market follow the breakout or was it a false breakout?

Compare it with the MACD isn’t repainting

It’s at all times the identical.

It’s not that because many indicators are repainting themselves.

Whenever you look back in history, it’s showing you perfect results.

But within the moment when it was different.

Those repainting indicators are absolutely scams.

I hate those things and other people get caught in it.

People buy those indicators.

But in the intervening time, when you would like to make a choice, the values are different.

My approach to the market is that.

If I can test the strategy and when the assumptions are so easy, I can spend even 4 or five weekends on this.

After I saw that from 100 patterns 70 worked.

Okay. I feel that’s value trading the strategy

Rayner (38:24)

I feel perhaps for the audience who’re listening.

So MACD, there are two primary approaches to it.

One is the lines, the squiggly lines that show up in your charts like moving averages.

The opposite one is specifically called the MACD histogram.

I feel you might be focusing more on the MACD histogram.

Am I right?

Again, so the MACD histogram, correct me if I’m unsuitable. It measures buying and selling pressure available in the market.

The histogram may be either, I feel on Tradingview, the default color is green and red.

If it’s red, it signifies that there’s more selling pressure.

If it’s green, there’s more buying pressure.

I feel perhaps to kick things off, now that we’ve type of explained to the audience what the MACD Indicator is about, how you utilize it.

I feel you furthermore may have certain settings to your MACD Indicator based in your preference.

Possibly you possibly can share the precise settings that you just use.

Dargo (39:14)

I have to say that perhaps the settings themselves aren’t so specific because traditionally it’s 12.

What’s MACD?

MACD is just showing us the gap between two moving averages, exponential moving.

One is 12 period and the second is 26 period.

We will say there’s a slow-moving average and a fast-moving average and the gap between them is what we see on the histogram.

Sometimes it’s below since it’s oscillating across the zero line after which it’s an issue because the unique MACDs have one color.

It signifies that it’s non-stop only one color gray or blue or red doesn’t matter.

However the one I’m using is double color.

It signifies that any time it’s changing the direction. It’s changing the colour, why since it’s easier for me to research the market.

My approach to the market may be very easy.

I open my computer and seek for the moments when MACD just began turning around, making a U-turn.

Then I looked to see if there was a pattern and so forth.

It’s easier for me to pick an instrument for trading after I take a look at the colours.

, it’s so easy.

A toddler could even do it.

My son in the intervening time over 30 years old

But let’s say I’d ask my grandchildren, the youngsters who’re, let’s say, six years old, I say…

“OK, come here, come here, find me a screen where MACD turns red for the primary time”

He can do it for me.

It’s so easy.

When he says…

“OK, Grandpa, on EURUSD, the MACD just modified to red on the four-hour chart”

Then I take a look at the chart and say…

OK.

That is one thing nevertheless it’s not enough for me.

I would like to see the market making a high of this swing high.

I would like to have a pattern.

Some more things are coming.

I don’t know if you could have had the issues also once you began trading.

Whenever you open the charts, what should I start with?

Which market is giving us a probability for a trade?

Again and again, I had that problem after I began trading, which is the moment?

What’s one of the best trade instrument to trade?

Now I haven’t any doubts.

I just scroll and see red…

“Oh, here it comes”

Today I saw that as I remember it was on GBPUSD, that on each day there’s something changing.

I say…

Okay.

I put it on my watch list.

I’ll come back to this within the evening and I see how the each day candle will close.

If it’s near bearish.

It is likely to be a signal for a correction.

If I see that the market is trending and I see that MACD has fallen below the zero line, perhaps it’s time to hitch the trend again.

It’s so easy that folks don’t consider that it really works.

I discussed a while ago during our last webinar, and I’m comfortable that I could share my ideas along with your community.

There was an issue in regards to the efficiency.

I said my efficiency is 84%.

It signifies that I made a thousand trades and 840 trades are winners and 160 are losers.

I saw that folks don’t consider in it.

I’ll show them today. I’ll give them the link to the account in order that they can check it’s a live account.

It’s an account that’s two years old and so they can do it.

You may see it because I do know that this strategy is working, but perhaps people need some more proof that it’s working

Rayner (43:04)

I feel you began with the MACD and the value motion strategy.

Let’s speak about that first.

You mentioned I feel the very first thing you search for; is you possibly can go other ways.

You search for perhaps a MACD histogram, right?

Let’s say the histogram is now green in color.

You’re in search of a downtick, meaning from green to red.

What about market structure, does it matter whether the market is in an uptrend or downtrend?

Or the very first thing you search for is only a MACD histogram?

Dargo (43:38)

Very first thing, I take a look at the histogram, but then I analyze the market very closely.

Since the incontrovertible fact that MACD modified the direction for me is barely a touch that this is likely to be an interesting instrument, not all situations.

Rayner (43:54)

Okay.

Dargo (43:55)

MACD not in all moments can show us properly what’s happening because MACD should be prolonged it can’t be flat it should be high away from the zero line.

Second thing it should be regular for at the very least a period It can’t be that choppy, changing red, green, red, green.

In that module I made in your platform, I discussed that MACD must also fill in some rules.

The worth should be high enough and it should be regular for at the very least a period.

It can’t be choppy as I call it.

That is the very first thing, nevertheless it’s not enough for me to trade.

It’s only a technique to select from 35 charts which I actually have essentially the most interesting.

Let’s say I actually have 35 charts open in the intervening time and I’ll select only three of them because on three of them, we see that U-turn of MACD.

Then I’m going close and look, if I see an enormous strong trend, I don’t wish to trade against a powerful trend because I trade on the corrections.

But I prefer to hitch the trend.

So sometimes I say…

“Okay, let the correction run”

When the correction can be over.

I’ll join the trend. I in fact analyze high timeframes, each day and four-hour charts.

Using this price section and MACD strategy.

For scalping, I actually have a unique strategy.

It’s also based on MACD, but then I don’t take a look at all of the patterns. I look only on high lows and swing high, swing low.

That is what I said originally. That you must have an approach to the instrument individually.

I like to trade gold because gold and MACD are best friends.

I have to say they’re so friendly.

They’re so nicely correlated that I used to be showing over and over on my webinars that It’s something incredible how gold and MACD are working together on each day and four-hour charts.

It’s a charm and for those who understand when MACD is sensible and when it’s best to avoid it, the efficiency is 80% of the entries.

Rayner (46:55)

Got it.

From what I’m hearing is that you just don’t just take a look at the MACD histogram. like, from green develop into red, you sell. Or red becomes green, you purchase.

But slightly you would like to see, there’s like a correct app and flow to it.

You simply see it type of like, there’s a peak to the greenness.

There’s like sudden, I don’t use the word overboard, right?

But you possibly can see that the spike within the MACD histogram is just about large, right?

Large relative to the sooner spikes of the histogram.

That’s where from green, it becomes red. And that’s type of like your first condition and then you definitely begin to search for other patterns such as you mentioned the within bar, the surface bar, the engulfing pattern, etc.

Hopefully, I got that part correct and you would like to avoid those magnetic histograms where it’s near the zero-line chopping up and down you usually avoid such conditions.

Dargo (47:39)

Yeah, definitely. It’s not definitely worth the trading.

Just what I’d add since it’s very necessary to know what’s an inside bar is, and what’s an out of doors bar.

Contained in the bar is nothing else but a consolidation.

It signifies that there’s an enormous day after which the market cannot break the highest, the utmost, or the minimum of the day.

That is the within bar.

What we are saying about consolidations is, that break up from consolidation is a possibility to trade.

That’s why breaking from an inside bar means to me that the market decided to maneuver.

What’s the direction of the breakout?

In fact, we’ve false breakouts.

Trading can be too easy if every breakout would work.

MACD helps me to avoid those false breakouts.

Possibly not all of them, but for many of the false breakouts I avoid MACD since it often happens there’s a breakout, but MACD still didn’t change anything.

It’s still the identical direction because it was.

That is an alarm signal for me or someone’s going to trick me. I’ll wait.

That’s why I take advantage of MACD as a type of filter, perhaps not a decisive thing, but as a filter.

I showed over and over situations after I said…

“Okay guys, now we’ve an inside bar MACD still showing bullishness”

Now we wait for the breakout and if this breakout is followed by bearish MACD, that is the moment we will start selling.

But for those who see a breakout and MACD continues to be bullish, ignore it.

It means that they’re going to trick us.

They may pull higher.

It’s a powerful trend.

So naked charts are excellent. However the naked chart plus MACD is one of the best.

Rayner (49:23)

Awesome to listen to that.

Let’s say we’ve our MACD.

I’ll just walk you thru the scenario and perhaps you possibly can share your thought process so the listeners can type of like, because we don’t have, we’re not sharing charts over here so it helps them higher visualize your trading approach.

Let’s say MACD has multiple green bars after which boom, we’ve a red bar, meaning there’s some selling pressure looking within the backend.

Then you definitely’ll probably search for patterns that you just’re acquainted with such as you talk in regards to the inside bar, the engulfing pattern.

Let’s say you could have a bearish engulfing pattern on the chart.

I suppose that meets your second criteria so what happens next?

Dargo (49:58)

Let’s say that we’re analyzing a bullish market.

There’s a bullish swing and I search; I’m watching the charts and I couldn’t find that MACD just turned to bearish.

Then I checked out the charts if perhaps there was a pattern.

Those things are equal for me either change on the MACD or patterns on the charts after which normally one of the best setups for me after I see a pattern my favorite patterns are outside bars.

In case of an upswing in fact, after I see a bearish engulfing pattern and I see that MACD didn’t change. I say a excellent situation. I put it on my watchlist and waited for the breakout.

So long as I don’t see a breakout, even MACD will change to bearish, I still suspect that it might be a difficult situation.

Three assumptions should be met, all of them, not only two of them.

If I see breakups from a pattern, MACD is following the breakout, then I feel that it is sensible.

Sometimes specific instruments like gold where I also analyze the market on one-hour charts.

Because I discovered that on one-hour chart gold also likes to feel the assumptions of the strategy but on other instruments, I take advantage of only 4 hours.

I don’t think about lower timeframes.

Because there are such a lot of patterns on the lower timeframes.

Within the five-minute timeframe, you possibly can see twenty such patterns one works and one doesn’t.

It’s useless.

I at all times say that within the case of patterns inside and outdoors bars, not all gold glitters. Not each pattern works.

Because people try to search out shortcuts.

They buy computers they open an account with the broker and so they start trading.

Because they know the way to press the buttons to sell.

Then after a while, they find that there are such a lot of things they need to learn.

Education is a must.

Don’t consider that you could have a beginner’s luck.

It will probably occur a couple of times, but in the long run, the knowledge comes and the knowledge means filtering setups.

Which can not work specializing in those best setups.

Don’t trade each pattern because it is going to not work.

Bearish engulfing should be on a swing high.

Bullish engulfing should be on a swing low.

In case you find the bullish engulfing on a swing high it signifies that it is going to probably be a continuation, not a reversal pattern.

I feel that practicing may be very necessary.

15 years of trading made me learn rather a lot.

I burnt many accounts before I began

I feel that I began gaining money after 4 years of trading.

Rayner (53:56)

Beautiful.

Dargo (53:57)

For the last seven years, I didn’t have a losing 12 months.

That is what I feel is a hit.

Sometimes the wins weren’t big ones, but generally, I feel now it’s the eighth 12 months I’m closing with a profit in a row.

I actually have five accounts, to say the reality. I actually have a futures account where I don’t need a broker then.

That is different from the contracts for difference.

By the best way, what is occurring on the contracts for difference comes from the futures market.

In fact, we’d like to have the quotation from somewhere.

It’s not taken from the air but contracts are different I actually have three accounts on CDFs and one on the Polish stock market.

But that is essentially the most speculated stock market in Europe.

The capitalization is so low that one big customer can change the quotation.

I actually have some stocks open on the Polish banks, which haven’t any huge capitalization.

I actually have some shares from the Polish banks only.

Rayner (55:06)

Possibly simply to take a step back and perhaps simply to proceed off from the MACD.

Let’s say, we do some guidelines that they’ll go and research on their very own.

Let’s say the MACD, let’s imagine it’s bullish…

Let’s put it… Let’s say… there’s a bearish engulfing pattern at a swing high.

MACD has now turned from green to red.

You mentioned that there’s a breakout of the bearish engulfing pattern.

Is there any definition that you just call a breakout?

I feel if I’m not unsuitable it’s like an in depth below the low of the engulfing pattern.

Would you call that a breakout a closing price?

Dargo (55:43)

Yes, for me a breakout means breaking the low of the candle creating the pattern.

You mentioned a bearish engulfing pattern for me a breakout signifies that the candle closed outside.

But what I mean is closed means the candle should be finished.

It can’t be a breakout through the day if I analyze each day candles.

I would like to attend till midnight before I can say that the breakout happened.

Since it is likely to be in order that the last 4 hours.

They may start pulling higher and so they close within the range of the pattern.

Then there’s no breakout.

I’d even call it a false breakout, which within the case of a false breakout, the market likes to maneuver in the other way with a double speed.

Because they catch some customers at the underside after which…

Whoop…we go.

I at all times said that the market is doing its best to cheat us.

The market likes to be tricky and we is likely to be prepared for any situation.

For me, a breakout means the candle is closed outside the candle.

It’s over and a latest candle is built

Then I can say so

Rayner (56:59)

Are you referring to the each day timeframe?

Dargo (57:00)

Within the case of each day, I would like to examine this candle after midnight.

Within the case of four-hour charts, it’s higher because we’ve six candles per day.

It will probably occur.

I have to say that I prefer trading on a four-hour chart since it happens quickly.

I mustn’t wait until the tip of the day.

Let’s say after the US session is open.

I see…

“Okay candle closed outside and may even see these falling”

I can join the market

Rayner (57:34)

Assuming that the pattern is formed within the four-hour timeframe. Did I get that right?

Let’s say you might be in search of the breakout within the 4-hour timeframe.

That is assuming that your candlestick pattern has formed within the 4-hour timeframe.

Not the each day timeframe

Dargo (57:54)

It depends because sometimes we’ve a pattern on a four-hour chart and I can trade it.

Then I checked the subsequent day I saw.

“Whoa also the each day created a pattern since it happens that the pattern is built ranging from one hour after which it grows”

it grows.

But when a pattern is built on a four-hour chart, I check on the four-hour candles

If it’s built on each day, I take a look at the each day so the definition can be that the breakout must occur from a pattern on the identical timeframe.

If it’s on a each day, then a each day candle.

If it happens on a four-hour chart, it should be a four-hour candle.

Some people ask me…

“Oh, I see that this 15-minute candle just broke out”

I said…

“But it surely’s still 45 minutes to shut one hour and it’s three hours and 45 minutes to shut the 4 hours.”

It’s not really easy that a five-minute chart will break out.

“Oh, it’s the breakup now, in fact, you possibly can risk it depends”

What’s your appetite for risk?

In case you would love dangerous trading, you possibly can start trading after they only touched.

after they do three peeps below the pattern.

It’s a breakout but so over and over I used to be trapped on this that after one hour they were back within the pattern after which I used to be hoping that perhaps they might break out at the tip because MACDs was still not changing anything.

You may attempt to trade a breakout on a not-finished candle provided that MACD confirmed the breakout already.

Then okay, the chance isn’t a giant one which the candle will close again within the range.

Some people say that I’m a slow trader like a snail.

I never hurry in trading.

I at all times say there’s at all times one other day.

There’s at all times one other trade that may occur.

I say it’s like moving with a crowd.

In case you go one step before the group, you possibly can miss the moment once they turn around.

The identical is true with trading. I slightly go by the group, by the large boys.

Show them where should they go.

I slightly go by the market not before the market even when I lose 20 pips, even when my entry is 20 30 pips later.

Then it might be the security of the account.

We didn’t speak in fact about money management here, but I feel that all the things starts from money management.

The most effective strategy won’t prevent for those who don’t properly manage the account.

If I’d say that’s crucial number in trading, because there are such a lot of numbers, the efficiency, the profitability, the sharp ratio or risk to reward, there are numerous, many numbers in statistics.

For me crucial number is drawdown.

I feel for those who can manage the drawdown, you won’t ever lose.

Sometimes it could occur, but controlling the drawdown, for my part, in fact, is my private opinion, people can have different, but I’m not the numbers of how much percent I earned today or how much I lost today.

For me, it’s most significant how big was my drawdown today.

How much I risked.

My maximum drawdown this 12 months is 15%, which happened in a single month only.

Normally I attempt to keep it below 10% because letting a drawdown go 15, 20, after which forget it, then it’s no sense.

In case you trade with a thousand dollars, you possibly can risk 60 percent.

600 dollars I’ll survive, but for those who trade with 100 thousand dollars, would you risk sixty thousand?

Rayner (01:02:20)

In fact not. No for most individuals. Unless I’m a billionaire, perhaps.

Dargo (01:02:25)

if someone can lose 100 thousand dollars, it signifies that he’s a millionaire.

But I do know individuals who don’t.

They’re not millionaires and so they lose a lot money due to not keeping the drawdown under control.

Rayner (01:02:45)

Agree.

Dargo (1:02:47)

Drawdown for me is crucial number

Rayner (01:02:53)

To hold on where we left off. Now we got the MACD, we’ve got a pattern, we’ve the breakdown.

I feel the subsequent query can be you understand where would you then go to set your stop loss and your goal?

Possibly you possibly can expand a bit of bit more talking about your stops and your goal.

Dargo (01:03:02)

Stop loss and targets in my system. Well, in case of stop loss,

My stop losses are at all times based on the patterns that I’m trading.

If I’m trading a pattern that could be a size as much as 100 pips.

I put my stop loss over the pattern.

Let’s say 10 pips higher than the pattern.

Let’s say that I’m trading an upswing and there’s a pattern on the highest of the swing and I need to short it then my stop loss is over the pattern by about 10 pips.

In case the pattern isn’t larger than 100 pips, in fact, that is plus-minus.

It’s not a universal number but when the pattern is big, let’s say…

On pound with yen, the pattern can have even 200 pips.

Then I put my stop loss over the breaking candle.

Why because if there’s a pattern after which comes a candle that begins within the pattern and is closing outside, it signifies that someone initiated a move, and someone made a choice, and it’s time to interrupt out from the pattern.

For my part, it’s logical that putting a stop loss over the breaking candle means that you just are over the value from which the market initiated the breakout.

It’s the extent where there’s a powerful selling area.

If I put 10, or 15 pips over the breaking candle, it signifies that in the event that they break it, in the event that they take my stop-loss, it means no more bearishness again.

They’re joining the trend.

Since the candles are showing us what’s happening.

If I see a breaking candle starting contained in the pattern after which closing outside, it signifies that a choice was made.

Who made the choice? Sellers.

Where did they make the choice?

Where the breaking candle began.

That is the best way I understand the market.

The market is at all times between buyers and sellers, who’re stronger.

At that moment, sellers were stronger.

If I put my stop loss over the entry price, it signifies that I put it in a protected area in case they go over this breaking candle and take my stop loss.

It signifies that it was one of the best I could do.

Because no more selling it’s time to go along with them.

So, that is where I put my stop loss regarding the take profit.

There’s no universal prescription let’s say since it depends upon many things.

One among those is that…

There was a man whose name was Bulkowski.

Mr. Bulkowski was a person who was making statistics on different patterns

He was testing he was testing hundreds and hundreds of patterns I read that he tested 3,000 head and shoulders pattern to search out how much the market breaks out from a Head and shoulders pattern.

He checked that over 70% of the patterns broke down.

I mean the top and shoulders and so they gained 70% of the dimensions of the pattern.

Often, we are saying…

“Oh, head and shoulders one-to-one the dimensions of the pattern the dimensions of the breakup”

Mr. Bulkowski tested 3,000 and said…

“No, it’s only 70% of the dimensions”

That is theory.

He also tested breakouts from outside bars and bullish and bearish engulfing patterns.

He said that in case the breakout is at the dimensions of the pattern, he treats this pattern as one.

It signifies that it worked.

He tested also a number of thousand of those patterns and he says…

“The probability that aftermarket breaks out from the pattern and makes a move of the dimensions of the pattern is 72%”

I feel that after I’m trading, let’s say a sell from a pattern, my goal must be at the very least at the dimensions of the pattern.

But that is theory.

Sometimes situation doesn’t let me have such a giant take profit.

It depends.

Normally I take advantage of the demand and provide zones if I see that after I start selling and I see that there’s a requirement zone near the pattern.

My first goal is that this demand zone.

I don’t attempt to take targets below the demand zone since it’s nearly obvious that they may stop within the demand zone.

They make a correction they arrive back to the pattern then they fight again.

The market doesn’t fall similar to a stone it often wonders a bit up and a bit down.

It’s moving in a swing.

The definition of a stop loss is either over the pattern if it’s only 100 pips or less.

But when it’s greater than 100 people say 150-200 then I put my stop loss over the breaking candle in case of a call order.

Rayner (01:08:20)

Got it.

That was concise. I find it irresistible.

Very clear.

At the very least I understand, hopefully those listening and watching can visualize where you might be coming from.

Also, you mentioned supply and demand.

Let’s touch a bit of bit on that one because I feel now you could have given us a really high-level overview, plus an in depth explanation of your price motion and MACD trading strategy.

Possibly now we will talk a bit of bit about supply and demand.

Because I do know that you just mentioned earlier the OPOS. What’s the complete acronym for OPOS?

Dargo (01:09:00)

Only pending orders strategy.

Rayner (01:09:07)

There we’ve it.

The names you give are really interesting.

Let’s talk a bit of bit about that.

Before we talk in regards to the OPOS, I feel that strategy may be very useful for many who have a full-time job, right?

Since you don’t must be in front of the screen all day.

You all tackle the difference between support and resistance and provide and demand.

I feel you’re feeling that there’s a difference between the 2.

Possibly you possibly can share your tackle it.

Dargo (01:09:37)

Yeah, I at all times say that before.

Sometimes I make some webinars and other people ask me in regards to the support and resistance to provide and demand.

I at all times say that my approach to support and resistance and provide and demand is likely to be different from this.

What you already learned because many individuals say that support and resistance are similar to supply and demand. They don’t see the difference.

Because sometimes it’s in the identical place. But to say the reality, it’s not the identical, at the very least in my mind, it’s what I understand.

I understand support and resistance are levels which can be technically created by the market.

Sometimes it happens that due to some news, the market starts to grow from a spot.

But when the market comes back to those levels, it mustn’t react again because there’ll be no more news.

Let’s say there have been payrolls and payrolls pushed the value from let’s say gold began from 1900 and commenced growing to 1950.

When the value comes back to 1900, it doesn’t mean that when again, it is going to go because there’ll be no more payrolls that day.

That is why support and resistance levels, I mainly support those levels, horizontal levels only, I’m very suspicious of those levels, the Supply and demand zones.

That is something, it’s a unique story.

To make the market make a giant move, make a giant upswing, you would like some forces to do it.

Those are buyers, okay?

Those are big, I call them big boys, sharks of the market.

Those are big banks and hedge funds.

Those institutions operate with such huge amounts of cash that we cannot even imagine.

Those are billions and billions, and in the event that they can change the value available on the market, we must always follow the large boys.

We cannot fight with them.

If someone began buying gold at 19,000 and is pushing the value higher and better and better with none news, simply because it began growing, we will make certain that at the extent of 19,000, there’s more cash lying.

Why?

Because in the event that they would love to purchase all of the gold they wish to buy, they might spoil the market.

Briefly in seconds, the gold price would go so high.

They couldn’t realize the mark that they ordered once in order that they divided the orders into small chunks.

Let’s say…

They wish to buy two tons of gold. Okay,

They buy one ton at 19,000 wait for the value to return back after which buy one other 250 kilos or one other 250 kilos.

That is the best way they have to divide the orders into chunks because in other cases putting all.

Then the last kilo they may buy is $2,000 that’s why to not disturb the market.

They divide it to probability and people I call them block orders or the blocks.

That is the best way the market is moving.

I’m using a platform Ninja Trader and I actually have some volumes from the actual market from the futures market and I see those blocks

In fact, that is different trading.

It’s nothing compared with what we see on our MetaTrader platforms or trading view.

But in the long run, all the things involves the identical.

There are some areas of interest where there are buyers and there are some areas of interest where there are sellers.

I at all times say that the demand zone is created by the buyers

If the value comes back to that area, the probability that the market will bounce back from it, will reflect, and again initiate buying may be very high.

That’s why I feel in those zones.

After I see that such a zone was created.

For instance, let’s say that it was $1 with Yen and the value went 150, 200, and 300 pips higher from a zone.

When the market is slowly coming all the way down to that zone.

I can put a pending order over this demand zone expecting that once they hit it, there can be a over again within the reflection.

What’s good about that is that I can put in a pending order close my computer and go on holiday.

In case the value comes back to that level, they may initiate my trade.

I don’t lose a possibility.

That’s why pending orders are excellent for individuals who would love to trade as a hobby.

They’ve perhaps two hours per day for trading.

They analyze the market, they appear where are the provision and demand zones, which might be activated the subsequent day, and so they put a pending order.

My idea is that if I need to purchase in a requirement zone, I put my stop loss below the demand zone and put my goal at the identical distance as my stop loss, one-to-one.

The statistics show that if the market is coming near a level, to a zone, it often bounces back after which breaks it through directly.

So, for instance, have a level of $19,000 which is a level of demand zone.

The probability that the zone can be broken immediately is barely a 30%-70% probability that it is going to bounce back and that is true In case you take a look at the degrees mainly the degrees are attacked two or 3 times before they’re broken.

In case you discover a level and also you say…

“Yeah, this can be a strong level since the market created it some days/weeks/months ago”

 If there was an enormous reflection next time they’ll do it over again perhaps not the identical size, but at the very least some part.

That is a technique I call it for working people since the statistics are helping us on this because statistics say before breaking, there can be at the very least one reflection.

In fact, the rationale why this is sort of created by big boys, big whales, and sharks of the market. They won’t let the value just undergo.

It’s all especially when it’s very necessary to research the zones and find one of the best ones and it’s not so difficult one of the best ones are those from which you had the largest move.

Whenever you take a look at the chart, you possibly can open a each day chart and say…

 After which they began falling in case they got here back to that level.

This level will work over again at the very least once, and then you definitely can plan.

Rayner (01:17:14)

From what I’m hearing.

Let’s speak about supply and demand.

The way it mainly differs from support and resistance is that support and resistance might be just created from news releases right like perhaps NFP.

CPI in anyway where supply and demand is more of institutional orders right they won’t wish to put in like a billion dollars to purchase gold without delay.

Since the gold price will spike so they may have multiple orders perhaps as an alternative of a billion be split up into like 200 million, 200 million, 200 million something along those lines.

Earlier you mentioned that ninja traders can see the quantity profile to distinguish which zones, and which supply demand zones to trade off.

Well, let’s say someone who doesn’t have that tool or software.

Based on the charts, what can be the important thing things for them to look out for?

I feel earlier you briefly mentioned the magnitude of the move, to type of like filter out which zones which can be higher in comparison with the remainder.

Is there anything so as to add on top of it?

Like, how will we differentiate good zones from bad zones?

Dargo (01:18:17)

Well, in fact, the gap on which the market moved from the zone may be very necessary since it shows the strength of the client or seller.

I made an indicator for those zones.

I actually have an indicator that’s drawing those zones for me.

I discovered the indicator a few years ago. I attempted to make use of it, nevertheless it was giving some funny results and I worked on this indicator with my friend, it took us a number of months before we found one of the best settings.

These are based in fact on candlestick patterns, not on the quantity, because connecting it with the quantity, would cost plenty of money.

It could be an indicator that may work for some people. That is an indicator based more on technical evaluation, nevertheless it gives very reliable results. I have to say that.

Simply to say it straightly frankly one of the best zones are those that are on the highest and the underside of the chart.

Simply to make it easy because those zones are the oldest.  

They offer us the largest range between one and second because if we’ve zones very close to one another I actually have a unique strategy if I see zones wherein the gap between those zones is 20 or 30 pips.

Then I understand that that is an area of consolidation.

Then I trade breakouts from those zones, not reflections, but breakouts.

It signifies that in the event that they are between two zones and costs moving, you understand, it’s trapped after which once they break out, I put a pending order.

But it surely’s a buy stop or sell stop. It signifies that it’s going with the flow not against because normally once you say the value is falling to a requirement zone and you would like to buy.

I’m trading a bit against the flow but within the case of zones which can be close to one another, I put the sell stop or buy stop, after which in the event that they break out from that range often, they travel to a different zone.

Which is in using those zones it’s easier for me to find out where must be my stop loss.

Because my take profit can be at all times on the closest, below the closest zone, or over the closest zone if I sell.

So, we will use this strategy with the flow or against the depends.

There are numerous aspects in deciding where I put my pending order, but I feel that the easiest way is to practice, open a demo account, and practice.

This indicator can be in your platform, it’s available at no cost absolutely on this ultimate price motion.

Rayner (01:21:18)

Let’s say what about zones where I feel you call it order blocks.

Where the market didn’t just come to a zone and immediately take off.

As a substitute, it involves perhaps a level or zone and area in anyway, and it starts to consolidate perhaps 6-10 bars before it makes a move, right?

Those appear like mini, I suppose, type of like a consolidation, a mini consolidation on the chart.

 What’s your tackle such a price motion that you just see on such zones on the chart?

 

Dargo (01:21:51)

You mean that the value is coming to a zone, it’s not breaking and it’s not reflecting.

It’s just moving on the zone in small ranges.

Those are the worst things because I often feel that if there’s no response and there’s no bounce back, it signifies that it is going to be broken.

Since it signifies that there’s no more cash in that zone which might push the value back.

It might be a signal that the zone goes to fade shortly because you understand all the things is money.

If there’s no money on the order block. It signifies that the order block will fail

Rayner (01:22:34)

Would there be instances where let’s say…

You have already got your order set, your limit orders, and your stop loss orders, after which that happens on the zone where it hasn’t hit your stop loss yet.

Would there be a probability that you just just prematurely exit the trade, or would you slightly let it hit your stop loss after which see what happens next?

Dargo (01:22:51)

Well, it depends.

Over again, it depends upon the approach to life of a trader.

If he’s in a position to control the trades, even when he’s at work.

Let’s say…

“He’s working within the office and he has a break”

He can take a take a look at the phone and say…

“Wow, there’s no response on this one, I’ll close it”

But some people cannot do it.

A driver of a automotive, a bus driver cannot control his charge during work.

Someone who’s working in a factory? He should be focused on his work.

He cannot take a look at the phone, so those individuals are in a bit worse situation.

That’s why for my part.

Each pending order will need to have a stop-loss and will need to have a take profit because if there’s only a small reflection perhaps they may just hit you or take profit and it’s okay.

But in the event that they go after some period once you couldn’t control it and also you see them going through your zone and also you haven’t your stop loss.

You might be lost.

In case of pending orders, it is advisable to have a stop loss and take profit.

It’s obligatory.

You can not risk opening a pending order without putting a stop loss and taking profit since you never understand how the market will behave.

That’s why and it shouldn’t be too greedy.

You need to then give your take profits huge levels.

It’s enough that in the event that they’ll take profits as the dimensions of a zone, then it’s okay.

Grittiness is something that could be a big problem inside traders.

We would like increasingly more.

I actually have a saying that the largest reason that folks fail in trading is a scarcity of patience.

That is something that we all know “Fear of missing out”

“Oh, I have to go I have to enter two days already I’m the prospect three hours and I didn’t open a trade”

“Wow. I have to open something”

Rayner (01:25:37)

Short and sweet, right?

Implausible.

I’m hearing rather a lot about having a one-to-one take profit since I feel you’re primarily a swing trader.

So, are there instances where perhaps you don’t aim for a one-to-one, perhaps you risk a dollar and perhaps as a result of price motion or whatever, you’re taking off $1 and you find yourself getting 70 cents or 80 cents?

Are there instances like that?

Where do you go for a lower than one-to-one?

Dargo (01:26:01)

Yes…

In fact, because I can afford it myself.

I actually have a high probability of winners as I discussed I actually have even one account where I actually have 95 winners.

But this can be a scalping strategy which is barely one month old.

So, it’s nothing to say.

However the oldest of all of the accounts, two-three years old accounts.

They’ve a probability of about 80-85 percent.

I can afford myself have a lower risk to reward and I still am profitable.

I have to say that perhaps I shouldn’t say it out loud to people who find themselves just starting trading, but guys, I’m not a lot focused on risk to reward.

I’m more focused on efficiency, on probability.

Rayner (01:26:51)

There are two sides to the coin.

I feel one thing that plenty of latest traders, which I feel for, get so caught up with…

“Oh, I will need to have a minimum of a one to 2 risk to reward, one to a few risk to reward”

This manner I actually have a 50%, 40% winning rate, and I’ll still be profitable.

But on the opposite side of the equation, if a trader who’s such as you has an 80-85% winning rate, you don’t need a one-to-one risk to reward to earn cash.

You may even go to a dollar and also you make back 80 cents, and even 70 cents.

I feel in the long term, you’ll still be profitable.

So there are two sides to the coin, which I feel like.

All traders should understand your risk to reward and your winning rate, they’re each like two sides of the identical coin.

You could find the proper balance, right?

Dargo (01:27:28)

Yeah, there are two ways, either risk to reward or efficiency.

I select efficiency, especially after I’m scalping.

I don’t take a look at the chance to reward. I just wish to close a profitable trade.

That’s after I see that things are going against me.

I’m just closing without fascinated with it.

But generally, the account, which one in all the accounts is public, so people can check it, can see it.

It’s a moderate account.

It’s an account with an amount of cash, which is perhaps a mean capital.

It’s not something huge.

It’s not something very small.

It’s just a mean.

That’s why I’m showing it because I feel that this can be a level that is offered for traders who wish to be skilled traders.

At the very least start from this.

It’s such an amount.

After I checked out my risk-to-reward ratio, generally from a thousand trades, it’s one and a half.

It signifies that for one dollar which I risk, I actually have and one-and-a-half-dollar return.

I actually have some trades where there’s one to forty on a profit.

No, I risked one dollar and got forty.

But there are also some trades where I risked one dollar and I got only 20 cents.

I don’t I’m not a lot focused on risk to reward. I had a session with my Polish friends on Tuesday and I said there was an issue.

Wow, you risked 100 pips and also you closed 25 on there.

I said…

“But I closed 25 on a profit if I wouldn’t close it on 25. I can be losing 25 two hours later”

What is healthier keeping to the risk-reward or simply taking the cash from the table?

I don’t follow the risk-reward a lot, especially since I actually have different volumes.

I sometimes open half rather a lot, sometimes I open 0.1 lot.

It’s not really easy to say one-to-one or one-to-two.

Sometimes I earn $20 and sometimes I earn $5.

How can we compare it with risk reward? It is senseless to me.

Rayner (01:29:47)

Oh yeah…

By the best way, Dargo,

The time now could be about one and a half hours.

As mentioned earlier, I prefer to do that just to examine, to understand how are you feeling.

Do you continue to wish to carry on with a number of more questions or do you favor to only type of close it up?

If we will talk one other time, what’s your tackle this?

Possibly I’ll just ask you a number of more questions before we sum up today’s session.

I feel early you speak about news, you said you’re primarily 70 percent a technical trader, but you’re still aware of the basic news that’s happening all over the world.

What’s your tackle the news once you’re trading?

How do you approach the news?

Dargo (01:30:20)

Generally, Sunday evening or Monday morning.

I analyze the entire week; five days and I check for crucial events that may occur this week.

For instance, if I see that on Thursday, the Bank of England will make an rate of interest decision, or that they may make due to Thursdays.

I call them super Thursdays for Bank of England since the Bank of England at all times has a number of things without delay happening on Thursdays.

Let’s say that there’ll be an rate of interest decision half an hour before we’ve the CPI report from Great Britain.

I do know that trading the pound this week is dangerous.

If I plan to trade on pound, I don’t do it on Wednesdays, a day before the primary events.

After I’m scalping, it’s not an issue.

After I’m scalping, I’m not the news.

But mainly I’m a swing trader.

If I plan to open a position on Pound, I would like to know that there’s nothing that may disturb this technical evaluation.

Due to technical evaluation, you possibly can throw it within the trash bin after the news fairly often.

I hate having a webinar just before the news.

People asking me…

“Okay, what’s your position on Euro USD?”

I say…

“Well, I can inform you many things today. I can say you wonderful things. I can take you a star from the sky, but let’s wait for the ECB meeting”

Then we will talk about it realistically because, in any case that I said today, tomorrow after the ECB decision, you possibly can throw it within the trash bin.

That is why I take a look at the economic calendar, and I attempt to avoid trading pairs where there might be some interesting events and a few volatile events.

For instance, last Friday, I used to be trading the EURCAD.

I used to be shorting it and I showed why.

I used to be sure that there’s an engulfing pattern, there’s a breakout, and MACD turns bearish.

It’s opportunity.

I put it on the Telegram channel. Probably you saw it.

I said…

“I’m shorting it”

But then I checked out the calendar and I said…

“Whoa, Canadian bank, Canada will make a choice or something. No, it was retail sales from Canada on the US market opening”

Guys, if the information are positive, the Canadian dollar will get strong.

This can be something which can be in my favor.

But when the retail sales are bad.

I’ll close my trade as quickly as possible.

Luckily, the Canadian retail sales were good and I got 70 pips on a profit that day.

Why shouldn’t it?

It could have happened absolutely differently.

I could have closed minus 70 because they might go against me.

So, technical evaluation is okay if there aren’t very necessary events.

But when there are very necessary events, we’d like to think about this.

But, you understand, it could be really easy that if, let’s say…

Inflation up, dollar down, inflation down, dollar up.

It’s not at all times that way.

Sometimes market likes to surprise us and there’s so irrational market response that we just have such eyes.

What’s happening?

Deflation went down and the dollar went down, why?

That’s why it’s higher to not avoid trading before the news.

We never know what they plan to accomplish that but in fact, I mean the news which is marked with red.

I’m using the calendar from my ethics book.

There’s a really nice clear calendar after which I see what’s happening in a short time because they mark with red all those necessary things but sometimes even payroll may not cause any volatility.

If let’s say in the identical week we’ve on Wednesday, Fed decision about rates of interest and two days later we’ve payrolls.

Those payrolls had no impact that day because all the choices were made by the Ate up Wednesday.

Next Fed meeting is six weeks later and the payrolls from Friday make no sense because they already knew the information.

I don’t consider that the Fed doesn’t know what’s happening with payrolls in the event that they are deciding in regards to the monetary policy.

We, retail sales, the traders will comprehend it on Friday, but they already knew it on Wednesday.

Then I do know…

“Okay, the payrolls won’t be a very important event”

 We mustn’t consider it after we are trading some.

Rayner (01:35:10)

Got it. Nice.

I like the way you shared that you just concentrate to the news.

More for a risk management perspective, to know when to exit a position, to know when to remain out of the market so that you don’t get caught from the news release.

The subsequent thing I prefer to hear from you is that you just’ve been trading for therefore a few years, definitely longer than me.

I prefer to hear what a few of the biggest challenges that you just had to beat and what you learned from them.

Dargo (1:35:37)

The challenges… I feel that the largest challenge is ourselves.

The most important opponent in trading is me. It signifies that we’ve to beat the weakness, reminiscent of greed, ignorance, and weak will.

Above all the things, crucial thing is sticking to the foundations of the strategy.

how difficult it’s to be consistent.

It’s how difficult it’s to maintain all the things in hand, the emotions.

We see something which looks very interesting.

“Oh, I feel that the market just moved because there’s some data market is moving. Let’s trade it”

But then it’s essential to cool down and say…

“Well, MACD is giving me no hint and there’s no breakout”

There’s no pattern.

Why should I trade it?

Let’s cool down and be patient.

Emotional trading is something that gave me essentially the most losses ever.

I had a giant loss in 2015 and I’ll remember it to the tip of my life since it was not only an enormous loss nevertheless it was also a loss due to my silly entry.

If I checked out this market in a cool way, I’d never open a trade on it and I used to be so focused on this that everyone seems to be buying.

I’ll buy it also and I purchased it on absolutely the top of the chart.

I only saw my account vanishing in after three or 4 days.

I lost all the things so from that moment on all the things modified in my trading

I have to say that it was 2015, which modified my approach to the market.

 I said…

“Okay, save your capital. Don’t let the market take greater than 15% of the account without delay”

That is the utmost on all trades, but one trade cannot lose greater than 5%.

I began sticking to that rule.

All the things modified but I feel the largest obstacle is ourselves.

Our strong idea is a weak will that we aren’t keeping to the foundations.

We aren’t keeping to today within the morning you say yourself…

“Okay from today, I won’t ever let my trade go below two percent”

Within the evening we check off minus five your will isn’t working because you understand there are some people talented, they’ve special character for trading.

Those people make business people earn money on the markets but this can be a small percentage.

Possibly two percent of the traders are simply because they’ve this character of a warrior, but most of us are normal people and we’d like to coach those your character

I remember my beginnings.

After I take a look at how I began, I’m surprised that I’m still a trader because normally, that is something crazy after I take a look at how I used to be trading,

I used to be losing account after account, three years just spending money, all free money for losing and losing.

After three years, I should quit the work in any respect.

Someone gave me a hand and said…

“Wow, what are you doing guy?”

Do you understand what’s outside the bar?

Do you understand what’s inside?

I say well…

“Those are easy things; those are only basic items”

I do know all about them.

What you’d do with this one?

Well, I’d trade it.

Are you sure that is , you understand step-by-step?

I had a mentor who helped me for six months and all the things modified.

Then I began profiting and this was a type of you understand line within the sand.

But I feel that what I could advise the individuals who start trading, those traders who are only starting, or perhaps even they feel they’re experienced but they’re still losing.

Very first thing, control the drawdown.

Absolutely crucial number.

Don’t take a look at how much you earn, take a look at how much you lose.

That is the very first thing and one other thing, which I feel can be a giant problem, people consider in those things that they see on the web.

They see lots of of percent of individuals gaining lots of and hundreds of dollars in in the future, getting wealthy in seconds.

People consider that for those who earn 5% a month, you might be useless.

I made 5% only on one trade. The query is how long?

Mr. Warren Buffett, essentially the most known trader, investor, the famous investor, and essentially the most famous, has this company, Berkshire Hathaway Fund.

He earns about 24% a 12 months from 1964 until now, every 12 months.

His average income is 24% per 12 months.

He’s referred to as one of the best investor ever.

How are you going to be higher than Mr. Warren Buffett and also you say…

“Okay, I’ll earn 100% monthly”

It’s very necessary to have realistic targets.

Don’t consider that you just can be a millionaire in a single week or one month.

It’s a great distance.

It’s climbing step-by-step, losing sometimes on the best way, but don’t be in a rush to develop into a millionaire.

It won’t work, because individuals who need to make fast money, quickly lose each capital and enthusiasm.

That’s the tip of the story.

Rayner (01:41:57)

Earlier you mentioned that there’s a mentor who helped you for six months, so does your mentor trade in an analogous manner as you?

Dargo (01:42:03)

Well, it was a one who was a technical analyst.

He wasn’t concerned about fundamentals only technical evaluation.

It was approach to the marketing.

Let’s say…

“He began showing me those things in 2012, and 2013”

Those things work, but now.

I discovered that fundamental evaluation also is essential, especially in those difficult times, you understand, the virus, coronavirus, the pandemic modified rather a lot, inflation got here here, and now it’s very necessary.

I feel that the news is essential.

That’s why I mix.

He was only a technical analyst, and he had a heart stroke and he died a number of years ago.

He was an old guy.

After I contacted him, he was 70 years old.

He was not a full-time trader.

He just traded as a hobby and he had plenty of free time.

He was a part of our family.

Far families colligated many generations back and he was mainly a stock trader,

But when he discovered about Forex, he heard from me that I used to be losing the twelfth account in a row.

He said…

“Okay show me what you might be doing”

He just…

“Oh, my goodness. What are you doing?”

He modified my attitude to the market and now after I attempt to help some traders, I actually have the identical attitude as he had slowly, basics, easy things, not complicated.

He taught me that indicators are helpful, but when you could have too many indicators, it’s an issue.

He said…

“Okay, you could have 10 indicators in your chart, you suspect that it is going to assist you”

Put 10 people before yourself and ask them an issue.

What’s going to you do if three of them will say…

Yes.

Three of them will say…

No.

4 of them will say…

“We don’t know”

Will it assist you to make a choice?

You ask them, what type of shirt should I placed on after I’m going to a marriage?

You will have different opinions, you wander away.

Isn’t it higher simply to take two people and one will say…

This one and this one?

He used some samples from life and he transferred them to trading over and over.

Quite simple answers.

Then I learned what means an objective strategy.

What’s a discretionary strategy and what’s an objective strategy?

Discretionary strategy relies in your feelings, you encourage yourself because…

“Oh, I’m a genius, I’ll know one of the best”

This can be a discretionary.

You make the choices because you suspect on this, what you understand.

Objective strategy is you simply consider in facts.

What happens really?

That’s why I hate strategies that are where it’s best to resolve about entering in your feelings, not on the facts.

That is the difference.

Rayner (01:45:40)

I just wish to backtrack a bit of bit because I feel I might need missed out on these few questions earlier.

Earlier once you were talking about OPOS’s trading strategy, where just about the strategy for people who find themselves working full-time.

Trading off our supply demand zones, right?

You mentioned you should use limit orders, right?

You mentioned your goal is normally about one-to-one.

I’m unsure if I asked you this earlier.

What in regards to the stop loss?

Where often do you set your stop loss?

Let’s say you’re trying to buy off a requirement zone.

Where would your limit order be and where would your stop loss be?

Dargo (01:46:12)

Well, if I plan to purchase in a requirement zone and I see that this demand zone gave before an enormous move, it’s a signal that some buyers are there.

The demand is big in that zone.

I put my entry a number of pips over the zone because if I base it on an indicator, I should think about that the indicator is a mechanism. It’s an algorithm.

Sometimes it could vary a bit. It won’t give me one hundred percent level.

But I have to say that over and over they only touch it and bounce back.

So, the indicator is ideal.

I have to say that I attempted another indicators, which haven’t any value in comparison with this one.

I often put five pips over the zone at entry and my stop loss is 2 or three pips below the zone.

That is the best way I put it and this is that if the zone is let’s say 20 pips.

Then my stop was about 30 pips perhaps and this is normally the goal I would love to have.

But each situation is a bit different.

There’s no universal prescription because for those who take a look at the context and also you see on the left, I mean the history that there was a spike up from some level.

I feel that it has develop into resistant now, so I’ll put my take profit below that spike because, so I’ll say…

“This manner, stop losses are easier for me to place the stop loss than the take profit here”

Rayner (01:47:54)

Because take profit, you continue to have to think about the value structure available on the market.

Where’s the swing high, where’s the resistance, etc.?

Then you definitely type of adjust accordingly.

Dargo (01:48:03)

Yeah, perhaps there’s support and resistance over somewhere, which might be an obstacle to the expansion.

Rayner (01:48:07)

Let’s close it up with a number of questions since you’ve been so patient and type with us.

I like the best way you educate traders.

There’s plenty of sense of calm, experience, wisdom, and it’s not very rushed.

It’s very calm. That’s the demeanor that I sense from you once you explain concepts and techniques.

Just closing questions for fun, right?

What are you most enthusiastic about without delay whether is it professionally or personally?

Dargo (01:48:43)

I’m preparing for the World Championships in swimming which can be in Doha, Qatar, in March.

That is my goal in the intervening time.

Because I checked my results from winter and I see that I can have a probability for a final.

That is my goal.

I’m training hardly 3 times per week.

I plan to vary it to 4 times every week.

Within the case of skilled things, compared with something to do with trading, I would love to shut the 12 months with 100% profit.

I’m in the intervening time 90.

Rayner (01:49:30)

Nice.

Dargo (01:49:31)

I remember 97% on one account.

On other accounts, I’m about 85%.

Possibly I’ll not manage to place as much as 100%.

But my plan is simply to do what I’m doing until now.

I don’t want the numbers to place some pressure on me, but I’m very near 100% in December.

That is my, let’s say goal for business.

I’m participating in your program which is something latest for me.

I prefer it very much and I hope that I may have more.

I can take more time and spend more time helping the traders with some ideas.

Generally, I like latest things.

I just finished the Corporation with one company

After two years contract and I’m comfortable that we began some cooperation here.

Possibly it’s something not big, but I see that some traders like this.

My entries, my evaluation, it’s at all times high-quality to see something latest, especially that now I contact with people within the second a part of the world, distant from Europe.

The contract I had for the last two years was with people from Europe mainly from Poland.

So, I’ve at all times been open to any type of cooperation after I can see the results.

After I see someone write back…

“Oh, I began gaining now after so a few years of losing”

It’s at all times a giant reward for me to listen to something like this

Rayner (01:51:24)

I’m comfortable to listen to that.

I used to be about to ask you earlier in regards to the swimming.

You’re aiming for the subsequent competition in March in Qatar and three, 4 times every week training.

Do you could have a coach or is it you’re just on your individual following the method?

Dargo (01:51:40)

I have to say that my coach is the one here.

That is my coach.

The timer.

I actually have training programs which I write down for 3 months ahead and I’m just following those things connect.

This can be a Garmin Watch which I actually have entry so I can check every interval I swim.

I check the times I modify the pulls.

The pressure is all the things so, you understand I’m going to the doctor every three months to regulate myself.

What’s the blood?

What number of red cells do I actually have all the things, like I did after I was an expert Swimmer?

Now I’m just repeating this thing because you understand at my age It’s very necessary to regulate those things like pressure, like blood consistency.

You can not do it simply because you prefer it, because even for people who find themselves 40 years old, in addition they need to regulate themselves.

We aren’t programmed to live perpetually, I’d say, in this fashion.

Swimming is a type of, I’d say escape from trading.

Because for those who trade an excessive amount of, it doesn’t give good results.

I do know that it is advisable to discover a balance between fun, sports, and work.

Even when I’m not going to a swimming pool, I’m riding a motorcycle.

I make per 12 months about 3000 km on my bike.

But I bike only within the forest, not on the roads since it’s not so nice to go on the road and slightly biking within the forests.

I’d say it’s a more cross-biking.

After I come back from training from a workout.

I actually have a fresh view of the markets and that is what I saw within the morning after I got here back from the swimming pool, I say…

“Oh, now I actually have a clearer situation”

For my part, the very first thing is it is advisable to be patient.

In case you didn’t enter a trade since you were too late, don’t attempt to chase the running train.

Wait for them.

There’ll be one other opportunity.

There are such a lot of instruments.

In case you forgot otherwise you didn’t manage to open a trade on EURUSD, perhaps there’ll be a possibility on gold or perhaps on the pound.

Don’t be in a rush.

Don’t attempt to enter all the things you see.

Then emotional trading is the worst thing we will have.

Rayner (01:54:38)

I’m seeing plenty of parallels between competitive swimming and trading.

It’s rather a lot in regards to the process.

You will have your routine arrange for the subsequent few months.

You’re just following the method and whatever end result happens, I feel you’ll handle it.

Whether you win otherwise you don’t win, your mindset is geared towards just becoming higher each day of your life, whether you’re trading or swimming.

Is there anything that you want to so as to add or any questions that you just wish that I asked you that I didn’t have a probability to ask you earlier?

Dargo (01:55:08)

Well, I feel that we spoke about very various things.

What I’d say.

I could give a bit of recommendation if I’m the right person to present advice, I don’t know.

But obviously guys, when you find yourself trading, remember about drawdown.

Imagine me, for those who keep the drawdown under control, all the things will go well.

Don’t let your trades be losing for dozens of percent, I don’t say that there’s a rule of two percent a day or one percent a day, one percent on a trade.

No…

That you must have rules that suit your character, for those who like adrenaline, for those who like emotions, let it’s five percent.

But then keep as much as this five percent, It doesn’t mean that for those who allow yourself to lose five percent, you’ll lose also ten and say…

“Okay It’s only five percent more”

No.

If you could have rules, follow them. In case you follow the foundations, you’ll win.

Rayner (01:56:10)

Awesome.

Where can the audience find and connect with you in the event that they wish to connect with you?

I feel you’re on Facebook.

Do you would like to share what’s your handle on Facebook?

Dargo (01:56:20)

Yeah, I actually have a Facebook in fact.

I’m a language person, so I actually have a Facebook in Polish but I even have a bunch trading group on Facebook called “Trading Price Motion Patterns”

You’ll find it and that’s about 40,000 people in the intervening time on this group.

Let’s say that lively individuals are fewer, perhaps hundreds of them are lively.

I promote the trading price motion patterns.

So, no expert advisors, no lots of of indicators only the value motion and the MACD

Rayner (01:57:09)

Just the MACD. Awesome.

Thanks a lot, Dargo.

It’s been an ideal pleasure speaking with you.

I find it irresistible.

Thanks once more to your time.

Thanks for going through sharing your trading methodology, breaking down your price motion plus a MACD trading strategy, plus the OPOS trading strategy for many who are working full time.

Plus, your competitive swimming, the thought process, and plenty of available.

I’d say, live lessons that may be applied to training as well.

I feel you shared that quite a bit in today’s conversation as well.

I appreciate you for that. Thanks, Dargo.

Dargo (01:57:43)

Thanks. I’m very comfortable that I could have this interview with you or this podcast.

I hope that folks will prefer it. Thanks.

Rayner (01:57:56)

Thanks, Dargo.