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Good day. I'm new and just learning; but what did you say @38:26? It sounded like "we moved over to 'ice' on tradingview"; but Close Caption does Not show that word. And I can't find it on google. I'm guessing it's some kind of acronym but have no idea what to search. Please let me know, thx! And thanks for the vid!!
yeah but also its nice to have a balance. an interviewer knows when to interject to ask a side question and take the conversation back to where it left off. there was alot of missed opportunity here.
I believe in the contrary… if an interviewer wants to tell their story than they should be interviewed! You also don’t have to watch his channel if you don’t like his approach. No one is forcing you
THIS IS A BEST PODCAST I HAVE WATCHED IT ADDED MORE LIGHT TO WHAT I AM DOING ALREADY. 1. PRICE MOVES FROM MAJOR LEVEL TO MAJOR LEVEL ON THE HIGHER TIMEFRAMES 2. OPEN A TRADE AND HOLD YOUR POSITION IT MAY TAKE LONGER BUT IT WILL SURELY GET TO THE LEVEL. 3. STAY PATIENCE AND STOP OPENING AND CLOSING TRADES ON A DAILY BASIS 🎉
@@georgeben9685 TA's will tell you it's the break out that started the current trend. However, while this is usually a reliable spot to expect orders to be placed it's by no means a guaranteed reversal. No one knows the exact strength of a trend or when it will end. Some trends can push through the biggest levels and some will break out and then completely collapse on themselves. I wouldn't expect to make money on this even if you can reliably identify where orders are placed. Maybe if the move is small enough the guys placing the big orders know where it's going to stop, but when the move is large enough nobody knows exactly where it's going or when it will stop.
You guys couldn't have said it any better. The intro alone just took me off !!! I wouldn't waste 2 hrs of my time to watch someone who has traded technical analysis for 30yrs and doesn't know. What's the point?
@@sandileshezi9875is that your take away … not listening to someone not using your same terminology because he’s 29 year longer in the game and doesn’t follow social media is a loss for you rather than him …
@@sandileshezi9875 a person's definition of 'TA' depends on who taught them or what book/s they've read etc. he's traded for 30yrs but you heard a different definition of some worthless term, so must be a waste of your v valuable time listening to him. not even listened myself yet but yeah, good luck out there matey
"DON'T BELIEVE WHAT YOU READ, DON'T BELIEVE WHAT YOU SEE, DON'T WATCH UA-cam, FORM YOUR OWN OPINIONS, LEARN THE RULES OF THE GAME, TAKE YOUR EGO OUT OF TRADING, TIME DOESN'T EXIST, PRICE LEVELS EXIST, RANGES EXIST, GOOD LUCK" Solid Man right there ✅
except all these things are delivered like its all just self evident easy peasy . lets start with the first thing: "learn the rules of the game" Ok what exactly are you talking about? can you spell it out? like five bullet points. and THEN elaborate. lets go to the next one: "Time doesnt exist" Ok how exactly do you mean that? elaborate please . Etc.
Really enjoyed whole 2 hour interview. I started in (one of the markets) 8 years earlier than Paul in 1986. Brought loads of memories flooding back. Loved it. Thanks.
Typically institutional traders are stuck up in their ways because they went to an Ivey league school snd worked at a major bank but 1 hour into the video and this guy sounds like a British Mark Douglas 🙌🏼. Absolutely brilliant!
Ill tell you exactly what will happen when you place both a buy/sell position at a certain level with appropriate stops put in place. 1. It could actually work (slim chance, though) 2. It could not work ( a lot more probable) 3. it could first trigger one of your stops and then it could turn around and take your other stop (and now you have double the loss - trust me - due to market makers and large institutions need for liquidity this happening a lot more than most would admit) 4. It could consolidate for as long as you have patients and not hit any of your stop (however, you would eventually have to remove the position and take a marginal loss (slippage) plus commissions simply because of the loss of opportunity else where. 5. It could take one of your stops out and then range for a year where by you would eventually have to take out the position with a loss/marginal gain again because you don't want to loss other opportunities else where (remember you only have a certain amount of leverage to play with) - Now the only way this work is with options or say your trading institutional money where you can warehouse losing positions for years without ever having to report it. A lot of these institutional guys can't actually trade their own money. If it was that easy, then every institutional trader would quit their jobs after making their first million, fund a forex account and never have to go inside an office/trading floor, nor deal with annoying bosses/clients again.
That exactly what I was thinking. They never fund an account and trade it on daily basis and they will never do because they have been taught to just work for clients and execute few trades a year using institutional money. I'm still not sure because I can't trust these institutional traders whom never traded their own account and I also can't understand some retail gurus. I hope you can make me understand because we as a retail traders focus on the movement of these institutions
If this is your approach to trading then you need master the intricacies of it.. such understanding only comes from a proper experience with it. You can make a very fine living off of that “slim chance” if you focus on your process.. instead of why things won’t work.
Lol, u talk to me about mastery but use a martingale ‘hedging strategy’ without the use of options which is hilarious. I think u know nothing about what you’re talking about and you are misleading people. In fact, please show us all 6 months of consistent profit independently verified to back up your ridiculous claim. I would go as far to say this so called institutional trader can’t verify his profit either
@@lancejohnson4774 Tell me you’re lonely and miserable without telling me lol. Literally put words in my mouth just to have someone to argue with. Typical repulsive trading bozo 🤣
@@bakribhai_Getting familiar with SFPs (mostly in consolidation) and areas of mitigation (when trending) are imo the easiest ways to locate where potential liquidity might be. I struggled with entries FOR YEARS and these two concepts not only made sense to me, but they gave me something concrete to start building upon. Backtesting obviously will prove their validity. Goodluck
Paul's experience is with large institutional accounts. It's a totally different world, and I'm highly sceptical that his experience will carry over into the retail world. Small retail traders have the ability to move in and out of the market in milliseconds with minimal slippage - not an option for corporate desks. There ARE retail strategies that work and produce FAR higher returns than the 50% that Paul is offering. We're part of a loose group using order-block concepts, and most are making hundreds of percent a year, year on year, with modest drawdowns. Of course there's a ceiling to how far this can scale before you run out of liquidity, but it's enough to meet the ambitions of anyone who simply wants a comfortable and secure lifestyle. How is this possible? Because the commercial trading that Paul calls random is in fact structured - the traders are using predictable strategies to achieve the best price and maximise their profit margins. These tiny movements are too small for institutional accounts to exploit, but more than enough to give a retail trader a prosperous lifestyle.
Even thou he intimated that technical analysis is rubbish, he goes on to say that he can trade any instrument based on what he sees on a chart i.e. human behavior as represented by market structure. So then, technical analysis as we retail traders know it, is all that's needed, according to him.
I think when most institutional people talk about technical analysis they’re talking about patterns and indicators don’t work. They usually use chart for hard data and overlay their fundamental ideas on top of it, because like he said he’s looking for levels, and those levels are not arbitrary, thus he needs a physical representation of those levels to plan his ideas on.
Uh, sorry bud, but Coca Cola doesn't pay wages in all currencies by executing immediately at market. They have standing orders which are fed into a liquidity pairing algo which moves price around over a period of time to match orders for efficiency. Just common sense, don't even need to subscribe to ICT concepts.
What he mean is being a technical analysis and being a trader is different things , obviously he uses charts to see where is his point of level where he want to trade , simple words traders can use technical analysis in their benefit but someone calling himself technical analysis can't trade until he practices it..
I would call B S on that. Not an attack on you but the system is not like that. Everything is a Pump & Dump, false inducement, draw on liquidity. The Central Banks like The Federal Reserve and BIS are all PRIVATELY Owned. All these International banks are working together. Wrap you head around that first. Zerohedge ran an article a while back, "Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users". Even Naked shorts are allowed for crying out loud
It matters because everyone on UA-cam lies. There probably is not a single profitable trader on all of UA-cam. But to work on the trading floor of Goldman you have to have skill or you are out.
@@fareshajjar1208your right, I have only seen proof of results from two traders “in the public eye”. In fact one of those is not really “in the public eye”.
@@brandond2868 Of course there is , being able to see all the fake order , or identify real on you call easily for example trade sell to buy scenarios, false break....
@@JACKSAROWW Ok, if you want to learn how to keep going when creating negative balance sheets trading, the Answer is simple. Sell trading courses or make YT vids.
Riz's podcast stands out as an invaluable resource for traders. Each episode delivers profound insights that deepen my understanding of trading strategies and market dynamics. It's more than just listening; it's actively learning from a seasoned mentor who navigates the complexities of trading with clarity. Whether I need inspiration, market updates, or strategic advice, Riz's podcast consistently exceeds expectations. It keeps me informed, motivated, and equipped with the knowledge needed to succeed in the ever-evolving trading landscape
wait till you see how the real markets stuctures form then maybe the power of that will blow your mind in your next life. no answers here on this video
@@michaelalexander-kq8ghFirstly, understand that there are many reasons they hedge their positions, 2 important being to mitigate risk and generating liquidity. Take for instance having 10k lots long in 400 pips profit, then heading into CPI or NPF. They need to cover their positions by shorting 2500k Lots, the algorithms will help to smoke those short positions. Should the volatility on News day be absorbed without hurting their positions, then they need to exit just as quite as they sold. Then they buy more at discounted prices, their initial 10k long orders are doubled to 20k with another short orders ahead or they will put few take profits along to create retracement and lure more sellers into a bullish market. The need to have orders running in the market, whether in profit or loss, otherwise they will have problem getting onboard coz nobody will shake market for them to get better deals. Retracement you see daily are generated strategically using algorithms. Opposing orders where the masses believe it's a clear and bullish trend, that's where the Algo starts selling bid by bid until they are filled. Then close the remaining longs and repeat the process again at lower prices.
@@michaelalexander-kq8gh I imagine that they would use the derivatives markets to hedge, hence using leverage. They would use Options, probably sell order flow and have other advantages small players don’t, dark pools etc.
@@michaelalexander-kq8gh I don't think they are always fully hedged. They modify the amount/balance of hedge depending on what's happening in the market. They likely never use any leverage (they provide it lol).
This is one of the best guests I've ever listened to on various trading Podcasts... Absolute pearls of wisdom throughout. I'm about to listen to it all again.
Value..know those ranges, support and resistance, supply and demand levels…I scalp Tesla only Been trading 12 years Study price action This guy is way beyond TA. Let the market tell you, don’t predict, trade those healthy pullbacks and break of structures, find your style Have good risk to reward and…. Put your order in where the masses put their stop losses
Riz's podcast has taught me invaluable insights into trading strategies and market dynamics. It's provided practical tips that have enhanced my trading decisions. I've gained a deeper understanding of risk management and the importance of discipline. Riz's episodes have motivated me to stay informed and proactive in my trading journey. Overall, the podcast has been instrumental in sharpening my skills and approach to trading effectively.
Ten mins IN guys spitting facts and truth.. definitely knows what he’s saying! Gold nuggets, keep UP the hard work RIZZ Big fan, hope to be on one day!
He is right when he talks about crypto not being regulated. I think that's the purpose of crypto. It doesn't need to be regulated. Crypto was made because the current financial system doesn't work. Crypto gives you autonomy over your money. It was a great interview Riz. Thanks for the good work
What an excellent podcast, this is beyond refreshing to hear this professionalism from yourself and your guest! More guest with this level of insight will be absolutely invaluable to the retail trading community, Great work! 👏
Very interesting to hear the view of an institutional trader. I think the most important thing to learn is that theirs not a secret strategy. So forget about all those ICT, fair value gap etc. bullshit. Just focus on the trend. Trade with the trend and levels. And practice riskmanagement. Dont think retailers can move the market. We mean nothing were ants. Just trade with the wave institutional traders are waving. Great interview!
There are thousands of traders that trade purely based on technical making millions per year .., everything works in the market as long as the trader sticks to one thing
Excellent interview. Price/Ranges/Not time. Self focus. Most external world is rubish. Listen just to yourself. Thats what I got which should help my trading. Thank you both.
While enjoying this podcast the first thing that blew my mind was the priceless quality behind the visuals and sound, top nortch professional production. We appreciate you Riz for the insane work that goes behind these videos, God bless you brother.
Well, if you constantly hedge and don't care where price moves, then you have no incentive to learn and read which direction price will go. A wrestler goes into a wrestling match not caring about getting punched in the face, hence, he doesn't have to learn or train his eyes and mind to block punches and kicks. If you as a retail trader trades and is consistently profitable, its because you can speculate where price will go majority of the time. Either way, good guest with valuable insights. 🍻
But with correct hedging applied you can be a winner in all scenarios this is the difference for example I use it in sport betting from time to time and at least I get at break even at worst. This is a scenario , you take a long position with a RR of 3 and then you also think at this accumulation level it could be a redistribution so a possibility for a higher RR let's suppose 5 , you are sure that this level will generate volatility but don't know the direction. You can edge in this scenario easily and cut the first position at break even once the direction is identified and let the other runs. You can even take this further by using options trading to edge your positions instead of doing it only with CFD , the result would be phenomenal
It's interesting what you say. So, the way to do it will be, don't be ansious about what direction will be, wait until the direction is clear and then close the losser position? I think that of course, you prefer range markets that with time would have a resolution in term of where will go the price, so staying patient and prepared to manage the hedge when the moment comes. Sorry my English🙏 not a native speaker.
@words of wisdom thank you so so much for such kinds of podcast filled with a lot information for retail traders,we are surely getting better through you.We look forward to many more of such podcasts.
Great interview. As someone just trying to understand TA and charts in crypto and FOREX etc, it's really interesting to know that zooming out and thinking a bit more like someone that doesn't care which way the market goes could help save you from over investing willy-nilly trying to predict the next move.
And says you can never predict the future movement of the market then says if it bounced from this level 2020, 2019 and so on then it’s gonna bounce from it again, lol that’s technical analysis too.
Aye Riz🔥 actual Wall Street guy we all be waiting to ask these questions. ❤.. thank you for the symphony of the right questions you asked with so much poise 🔥
I was born 1 year before this man started trading. Im now trying to learn trading in 2024. I really wish someone in my circle cared about trading. I feel so alone in this. These videos help though. Inspiring.
Nice gem when he talks of how they manufacture hype on Gold getting to 2k, just to use that sentiment to offload their positions ... unique perspective aside from all of us Algo retail scalpers and intraday traders.
100% agree and order flow and Market structure helps discover past value and price discovery and therefore define those areas of going long/short and targets
People like us who know what is happening in the charts youl never hear us teach anyone wht we knw because it's the truth. All these who you see telling you this is wht works and you should pay for mentorship. They jst looking for your money to sustain their live. You pay their bills while they sell you what they can't benefit from. The business is not trading the business is wht they sell you. Wake up
What an interview! So many golden nuggets in here if you listen. It is funny though that he literally uses TA levels to make trades off of but then says TA doesn't work. He just uses it slightly different to your average retail investor
Wonderful from the Supreme Helm, Good Depth, Definetley Valuable to New Traders Alike, Excellent Precepts. Need more Podcast to develve on Smart Money concept and Marker Maker perhaps.
@wordsofrizdom the highest blessings brother!! I completely overstand what you two were discussing, it was a beautiful conversation. You and Paul have saved my life and my family for generations to come! Thank you❤️
Conversation, lecture this one is everything 🔥🔥🔥 🔥 Suggestion Riz a small white board with a marker or a screen to let the guest put some writing for the chat ?
I think Paul here is somewhat typical of time served floor traders, they come from a different era, one where technical trading was not the primary method of profiting. There are several documentaries on YT, showing the difficulty and disdain older floor traders have for charts as the main decision making process. Here's the thing, as a trader you need to find something that repeats. Something that happens with enough reliability to make it a probable event. Paul Scott here in this interview, describes the levels he will trade from, because history shows him these levels will probably be respected and movement will follow. He seems to equate 'technical analysis' with predicting where price will go. This of course is not how many successful traders view it, and many very accomplished traders use it to quantify areas of probability. Calling it 'bullshit' is just a bit stunted and painfully reductive for my liking. Trade what you see, not what you think.
Technical analysis is not about predicting price, it's following price with an understanding there is a probability of it continuing or reversing. Tell Jim Simons that technical analysis doesnt work. Don't knock what you can't do.
@@FailLevel In many cases TA works because retail traders make it work. Of course it doesn't work all the time, but that doesn't nullify the times it does work. Of course it's best to pair price action with it, because using TA alone will amount to nothing but failure.
technical analysis is price action. If you can read price and make probable decisions based on what you see, that is technical analysis. It doesn't have to mean indicators
Great interview and fantastic interviewee, very funny and knowledgeable! Your channel is getting one of the best places on youtube to listen to top traders! Congratulations, Of course technical analyses works also levels, which I called them V's, just open any chart and zoom out and you will see why I called them that! Technical analyses helps avoid trusting your senses because trading is a deception everyday and an emotional war waged by banks, therefore having something beside your beliefs, biases and senses will always help! But it takes time(years) to ignore your own opinions and follow only the rules! Good luck
what I was taught he is deff not lying and keeping it real he knows what he is talking bout this is GOLDEN if you can pick up what he is saying trust me
He even says they don’t. They are only interested in your liquidity. They don’t give away any secrets. Why would they? All you have to know is they rig the game and have many advantages we don’t. They even went to the authorities to take out the retail trader who beat them at their own game. He went to jail. These guys don’t even use their own money and then when they really stuff it up they get our tax payer money to bail them out. They ain’t good peoples dude.
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__________________________________________
TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter.
⬇️Use Code “RIZ10” for 10% off your subscription ⬇️
www.tradezella.com/?via=riz
⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️
www.tradezella.com/?via=riz
__________________________________________
The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry.
They also still support the best trading platform for all Traders with Platform 5! 👀
Use Code "RIZ" for 20% OFF ALL Challenges.
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ua-cam.com/video/grzH2o81ox0/v-deo.htmlsi=tlFiFDrNYtKmEpK4
Good day. I'm new and just learning; but what did you say @38:26? It sounded like "we moved over to 'ice' on tradingview"; but Close Caption does Not show that word. And I can't find it on google. I'm guessing it's some kind of acronym but have no idea what to search. Please let me know, thx! And thanks for the vid!!
❤❤
It's so refreshing to see an interviewer who lets the guest speak and does not interupt. Bravo.
yeah but also its nice to have a balance. an interviewer knows when to interject to ask a side question and take the conversation back to where it left off. there was alot of missed opportunity here.
I believe in the contrary… if an interviewer wants to tell their story than they should be interviewed! You also don’t have to watch his channel if you don’t like his approach. No one is forcing you
@XFiles4 I enjoyed the video just as much as the next guy. Relax, dude. I wasn't saying anything crazy.
THIS IS A BEST PODCAST I HAVE WATCHED IT ADDED MORE LIGHT TO WHAT I AM DOING ALREADY.
1. PRICE MOVES FROM MAJOR LEVEL TO MAJOR LEVEL ON THE HIGHER TIMEFRAMES
2. OPEN A TRADE AND HOLD YOUR POSITION IT MAY TAKE LONGER BUT IT WILL SURELY GET TO THE LEVEL.
3. STAY PATIENCE AND STOP OPENING AND CLOSING TRADES ON A DAILY BASIS 🎉
I totally agree with you working on it too 🔥🔥
Great but how do you determine these major levels?
@@georgeben9685 exactly.......i know if you want to know
@@georgeben9685 all time highs and lows. or highs and lows within a specific time range. Paint your picture and wait for it.
@@georgeben9685 TA's will tell you it's the break out that started the current trend. However, while this is usually a reliable spot to expect orders to be placed it's by no means a guaranteed reversal. No one knows the exact strength of a trend or when it will end. Some trends can push through the biggest levels and some will break out and then completely collapse on themselves. I wouldn't expect to make money on this even if you can reliably identify where orders are placed. Maybe if the move is small enough the guys placing the big orders know where it's going to stop, but when the move is large enough nobody knows exactly where it's going or when it will stop.
The guy made a fortune using technical analysis and didn't know it was called technical analysis. What a legend
He was also taught by a bunch of men who also traded off TA and didn’t know it😂
You guys couldn't have said it any better. The intro alone just took me off !!!
I wouldn't waste 2 hrs of my time to watch someone who has traded technical analysis for 30yrs and doesn't know. What's the point?
@@sandileshezi9875is that your take away … not listening to someone not using your same terminology because he’s 29 year longer in the game and doesn’t follow social media is a loss for you rather than him …
@@sandileshezi9875 a person's definition of 'TA' depends on who taught them or what book/s they've read etc. he's traded for 30yrs but you heard a different definition of some worthless term, so must be a waste of your v valuable time listening to him. not even listened myself yet but yeah, good luck out there matey
@@sandileshezi9875 I don't think TA for the old gold era means drawing lines on chart
"DON'T BELIEVE WHAT YOU READ, DON'T BELIEVE WHAT YOU SEE, DON'T WATCH UA-cam, FORM YOUR OWN OPINIONS, LEARN THE RULES OF THE GAME, TAKE YOUR EGO OUT OF TRADING, TIME DOESN'T EXIST, PRICE LEVELS EXIST, RANGES EXIST, GOOD LUCK" Solid Man right there ✅
Yep... all points made are ambiguous.
2hrs wasted.
Good luck.
except all these things are delivered like its all just self evident easy peasy .
lets start with the first thing: "learn the rules of the game"
Ok what exactly are you talking about?
can you spell it out? like five bullet points. and THEN elaborate.
lets go to the next one:
"Time doesnt exist"
Ok how exactly do you mean that?
elaborate please .
Etc.
Thank you Riz and Paul for sharing the wisdom of trading. This hasn't fallen on deaf ears, I appreciate the knowledge 👍
Thank you for tuning in🫡
Really enjoyed whole 2 hour interview. I started in (one of the markets) 8 years earlier than Paul in 1986. Brought loads of memories flooding back. Loved it. Thanks.
Typically institutional traders are stuck up in their ways because they went to an Ivey league school snd worked at a major bank but 1 hour into the video and this guy sounds like a British Mark Douglas 🙌🏼. Absolutely brilliant!
Ill tell you exactly what will happen when you place both a buy/sell position at a certain level with appropriate stops put in place. 1. It could actually work (slim chance, though) 2. It could not work ( a lot more probable) 3. it could first trigger one of your stops and then it could turn around and take your other stop (and now you have double the loss - trust me - due to market makers and large institutions need for liquidity this happening a lot more than most would admit) 4. It could consolidate for as long as you have patients and not hit any of your stop (however, you would eventually have to remove the position and take a marginal loss (slippage) plus commissions simply because of the loss of opportunity else where. 5. It could take one of your stops out and then range for a year where by you would eventually have to take out the position with a loss/marginal gain again because you don't want to loss other opportunities else where (remember you only have a certain amount of leverage to play with) -
Now the only way this work is with options or say your trading institutional money where you can warehouse losing positions for years without ever having to report it.
A lot of these institutional guys can't actually trade their own money. If it was that easy, then every institutional trader would quit their jobs after making their first million, fund a forex account and never have to go inside an office/trading floor, nor deal with annoying bosses/clients again.
That exactly what I was thinking. They never fund an account and trade it on daily basis and they will never do because they have been taught to just work for clients and execute few trades a year using institutional money. I'm still not sure because I can't trust these institutional traders whom never traded their own account and I also can't understand some retail gurus. I hope you can make me understand because we as a retail traders focus on the movement of these institutions
If this is your approach to trading then you need master the intricacies of it.. such understanding only comes from a proper experience with it.
You can make a very fine living off of that “slim chance” if you focus on your process.. instead of why things won’t work.
Lol, u talk to me about mastery but use a martingale ‘hedging strategy’ without the use of options which is hilarious. I think u know nothing about what you’re talking about and you are misleading people. In fact, please show us all 6 months of consistent profit independently verified to back up your ridiculous claim. I would go as far to say this so called institutional trader can’t verify his profit either
@@lancejohnson4774 Tell me you’re lonely and miserable without telling me lol.
Literally put words in my mouth just to have someone to argue with. Typical repulsive trading bozo 🤣
@@bakribhai_Getting familiar with SFPs (mostly in consolidation) and areas of mitigation (when trending) are imo the easiest ways to locate where potential liquidity might be.
I struggled with entries FOR YEARS and these two concepts not only made sense to me, but they gave me something concrete to start building upon.
Backtesting obviously will prove their validity. Goodluck
Paul's experience is with large institutional accounts. It's a totally different world, and I'm highly sceptical that his experience will carry over into the retail world. Small retail traders have the ability to move in and out of the market in milliseconds with minimal slippage - not an option for corporate desks. There ARE retail strategies that work and produce FAR higher returns than the 50% that Paul is offering. We're part of a loose group using order-block concepts, and most are making hundreds of percent a year, year on year, with modest drawdowns. Of course there's a ceiling to how far this can scale before you run out of liquidity, but it's enough to meet the ambitions of anyone who simply wants a comfortable and secure lifestyle.
How is this possible? Because the commercial trading that Paul calls random is in fact structured - the traders are using predictable strategies to achieve the best price and maximise their profit margins. These tiny movements are too small for institutional accounts to exploit, but more than enough to give a retail trader a prosperous lifestyle.
Agree. Ride with the big fish as they say
Correct.
I TOTALLY AGREE WITH YOU BRO!!!!!!
tuned in from east africa, Best trading podcast in the industry🔥🔥🔥
Even thou he intimated that technical analysis is rubbish, he goes on to say that he can trade any instrument based on what he sees on a chart i.e. human behavior as represented by market structure. So then, technical analysis as we retail traders know it, is all that's needed, according to him.
I think when most institutional people talk about technical analysis they’re talking about patterns and indicators don’t work. They usually use chart for hard data and overlay their fundamental ideas on top of it, because like he said he’s looking for levels, and those levels are not arbitrary, thus he needs a physical representation of those levels to plan his ideas on.
I thought I was the only who recognized that blatant contradiction.
I call bullshit
@@artistsignature3785but he just said fundamentals isn’t important 🤣
Uh, sorry bud, but Coca Cola doesn't pay wages in all currencies by executing immediately at market. They have standing orders which are fed into a liquidity pairing algo which moves price around over a period of time to match orders for efficiency. Just common sense, don't even need to subscribe to ICT concepts.
What he mean is being a technical analysis and being a trader is different things , obviously he uses charts to see where is his point of level where he want to trade , simple words traders can use technical analysis in their benefit but someone calling himself technical analysis can't trade until he practices it..
Who cares where anyone works. A pro trader is someone making consistent profits over time
🗣️‼️ Amen
I would call B S on that. Not an attack on you but the system is not like that. Everything is a Pump & Dump, false inducement, draw on liquidity.
The Central Banks like The Federal Reserve and BIS are all PRIVATELY Owned. All these International banks are working together. Wrap you head around that first. Zerohedge ran an article a while back, "Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users". Even Naked shorts are allowed for crying out loud
No!! Shut up!! You need a diploma!! 🤣
It matters because everyone on UA-cam lies. There probably is not a single profitable trader on all of UA-cam. But to work on the trading floor of Goldman you have to have skill or you are out.
@@fareshajjar1208your right, I have only seen proof of results from two traders “in the public eye”. In fact one of those is not really “in the public eye”.
This guy just Explained what is Trading Pure in Details .Order flow n Pricing ........button ❤God Bless Him for opening eyes of Many
This interview was a really cold awakening for me. Very eye opening
Thank you for tuning in🫡
~looooool
Not order flow. Don't think there is an edge watching level 2 type order flow data for example.
@@brandond2868 Of course there is , being able to see all the fake order , or identify real on you call easily for example trade sell to buy scenarios, false break....
God bless the next person that asks Paul a question. All his answers are written in long-form with many side-stories on the way.
That’s what we loveeee
The person we all want is Tom Dante. So suprised you not done that yet he is one of the goats.
facts
Dante had 20 years negative results, and i believe he has still... what do you want to learn from him?
@@purplejames4479 How many people do you know fail at something for 20 years and still continue?
@@purplejames4479 Plus unless you can show me his verified annual returns you should be silent.
@@JACKSAROWW Ok, if you want to learn how to keep going when creating negative balance sheets trading, the Answer is simple. Sell trading courses or make YT vids.
If not of you, how in this world will this kind of information get to us😢😢??
I'm loving the episodes with veterans. Thanks very much.
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Riz's podcast stands out as an invaluable resource for traders. Each episode delivers profound insights that deepen my understanding of trading strategies and market dynamics. It's more than just listening; it's actively learning from a seasoned mentor who navigates the complexities of trading with clarity. Whether I need inspiration, market updates, or strategic advice, Riz's podcast consistently exceeds expectations. It keeps me informed, motivated, and equipped with the knowledge needed to succeed in the ever-evolving trading landscape
I can't remember the last time I watched an interview in full with no breaks, this was extremely interesting! thank you for the insight gents!
I love to hear it! That’s what it’s all about! Be sure to check out the episode previous to this one too 🫡
you have a lot to learn then
30 years is no short period , words of rizdom thank you for bringing in people of Value which we would have not heard from if not through you.
This is by far the most Powerful trading podcast I have watched in my entire life.
wait till you see how the real markets stuctures form then maybe the power of that will blow your mind in your next life. no answers here on this video
"We don't give a shit what direction markets goes. We're always hedged"
That right their is the game.
Ms yash you are in the spirit God bless ma'am these man said everything just right
How do you make money if your always hedged?
@@michaelalexander-kq8ghFirstly, understand that there are many reasons they hedge their positions, 2 important being to mitigate risk and generating liquidity. Take for instance having 10k lots long in 400 pips profit, then heading into CPI or NPF. They need to cover their positions by shorting 2500k Lots, the algorithms will help to smoke those short positions.
Should the volatility on News day be absorbed without hurting their positions, then they need to exit just as quite as they sold. Then they buy more at discounted prices, their initial 10k long orders are doubled to 20k with another short orders ahead or they will put few take profits along to create retracement and lure more sellers into a bullish market.
The need to have orders running in the market, whether in profit or loss, otherwise they will have problem getting onboard coz nobody will shake market for them to get better deals. Retracement you see daily are generated strategically using algorithms.
Opposing orders where the masses believe it's a clear and bullish trend, that's where the Algo starts selling bid by bid until they are filled. Then close the remaining longs and repeat the process again at lower prices.
@@michaelalexander-kq8gh I imagine that they would use the derivatives markets to hedge, hence using leverage. They would use Options, probably sell order flow and have other advantages small players don’t, dark pools etc.
@@michaelalexander-kq8gh I don't think they are always fully hedged. They modify the amount/balance of hedge depending on what's happening in the market. They likely never use any leverage (they provide it lol).
If I use one emoji to describe what Im feeling while listening to this episode, it will be 🤯. Incredible episode. Blew my mind
Congratulation on the 200k!!!! Amazing interviews!!! Finally a real trader talking exactly how institutions and the markets operate.
Amazing pod as always Riz! The biggest lesson so far is - understanding the mindset of an institutional trader 👌🏻
Thank you for tuning in🫡
best one yet Riz, tired of listening to retail people, we need more professionals to get their voices heard
This is one of the best guests I've ever listened to on various trading Podcasts... Absolute pearls of wisdom throughout. I'm about to listen to it all again.
Value..know those ranges, support and resistance, supply and demand levels…I scalp Tesla only
Been trading 12 years
Study price action
This guy is way beyond TA. Let the market tell you, don’t predict, trade those healthy pullbacks and break of structures, find your style
Have good risk to reward and….
Put your order in where the masses put their stop losses
Thank you for making this video... I could have watched more if it were 4 times as long!! OG floor traders have always held my respect and admiration!
Riz's podcast has taught me invaluable insights into trading strategies and market dynamics.
It's provided practical tips that have enhanced my trading decisions.
I've gained a deeper understanding of risk management and the importance of discipline.
Riz's episodes have motivated me to stay informed and proactive in my trading journey.
Overall, the podcast has been instrumental in sharpening my skills and approach to trading effectively.
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Ten mins IN guys spitting facts and truth.. definitely knows what he’s saying! Gold nuggets, keep UP the hard work RIZZ Big fan, hope to be on one day!
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This was such an awesome podcast, priceless insight into a totally different perspective on trading. Thankyou.
He is right when he talks about crypto not being regulated.
I think that's the purpose of crypto. It doesn't need to be regulated. Crypto was made because the current financial system doesn't work. Crypto gives you autonomy over your money. It was a great interview Riz. Thanks for the good work
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What an excellent podcast, this is beyond refreshing to hear this professionalism from yourself and your guest!
More guest with this level of insight will be absolutely invaluable to the retail trading community, Great work! 👏
Very interesting to hear the view of an institutional trader. I think the most important thing to learn is that theirs not a secret strategy. So forget about all those ICT, fair value gap etc. bullshit. Just focus on the trend. Trade with the trend and levels. And practice riskmanagement. Dont think retailers can move the market. We mean nothing were ants. Just trade with the wave institutional traders are waving. Great interview!
There are thousands of traders that trade purely based on technical making millions per year .., everything works in the market as long as the trader sticks to one thing
When it goes their way
It doesn't have to go your way. Have a low win rate and a high r:r is great, expecially if you're adding to winners.
Out of all the traders you’ve had on he’s the best storyteller of all fact! You need to get him back on appreciate the wisdom from the channel
Excellent interview. Price/Ranges/Not time. Self focus. Most external world is rubish. Listen just to yourself. Thats what I got which should help my trading. Thank you both.
Best trading interview I've ever listened to, Paul is pure class.
Who else here watching this while trading their technical analysis only strategy?
About time someone come forth & be honest🎉
While enjoying this podcast the first thing that blew my mind was the priceless quality behind the visuals and sound, top nortch professional production. We appreciate you Riz for the insane work that goes behind these videos, God bless you brother.
Absolutely blow away with the info you guys shared totally relatable. Thank you Riz and Paul 🙏🏻
Thank you for tuning in🫡
This podcast was eye-opening, it makes lots of sense, I hope it simplifies my trading, Thank you sincerely.
This podcast changed my life
Well, if you constantly hedge and don't care where price moves, then you have no incentive to learn and read which direction price will go.
A wrestler goes into a wrestling match not caring about getting punched in the face, hence, he doesn't have to learn or train his eyes and mind to block punches and kicks.
If you as a retail trader trades and is consistently profitable, its because you can speculate where price will go majority of the time.
Either way, good guest with valuable insights. 🍻
But with correct hedging applied you can be a winner in all scenarios this is the difference for example I use it in sport betting from time to time and at least I get at break even at worst.
This is a scenario , you take a long position with a RR of 3 and then you also think at this accumulation level it could be a redistribution so a possibility for a higher RR let's suppose 5 , you are sure that this level will generate volatility but don't know the direction.
You can edge in this scenario easily and cut the first position at break even once the direction is identified and let the other runs.
You can even take this further by using options trading to edge your positions instead of doing it only with CFD , the result would be phenomenal
It's interesting what you say. So, the way to do it will be, don't be ansious about what direction will be, wait until the direction is clear and then close the losser position?
I think that of course, you prefer range markets that with time would have a resolution in term of where will go the price, so staying patient and prepared to manage the hedge when the moment comes.
Sorry my English🙏 not a native speaker.
Great interview @wordsofrizdom . This is a summary of ICT concepts 😂😂😂. Premium and discount and dealing range ❤❤❤❤
Nice!! Perfer this over UA-cam traders! 💯 I felt like I learned more about trading with the last three interviews you had! 💯💯
Price and time. Time to really learn the rules of the game! Thank you Paul ❤
Hedge fund traders know the BTS
Their knowledge about industry is 🔥🔥
@words of wisdom thank you so so much for such kinds of podcast filled with a lot information for retail traders,we are surely getting better through you.We look forward to many more of such podcasts.
All I care about is whether it will move. Absolutely Priceless.
Absolutely love this talk . One of the best interviews so far in this channel
Another 10/10 video!! Keep these coming these are your best videos
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Huge Respect for Paul! He is a legend! Wish him well!
Great interview. As someone just trying to understand TA and charts in crypto and FOREX etc, it's really interesting to know that zooming out and thinking a bit more like someone that doesn't care which way the market goes could help save you from over investing willy-nilly trying to predict the next move.
He spoke for two without saying anything worthwhile ❤❤❤❤❤
So you missed his lesson ?
He said keep it simple and don’t over trade
@@sko1beer one must value time
It’s limited it’s criminal to waste time specially when it is other’s
Best video on UA-cam for FX truth
🗣️Technical analysis doesnt work! But Continues to explain how to trade technical analysis
Exactly my thought 😂 pure contradicting himself!
And says you can never predict the future movement of the market then says if it bounced from this level 2020, 2019 and so on then it’s gonna bounce from it again, lol that’s technical analysis too.
LOL i was about to comment that same shit bruh
Man isn't intelligent 😊 just trying to wish wash TA's 😂
He’s speaking about technical analysis on a conventional level.
Amazing episode!
please get al brooks next hes the best trader imo
Thank you, this presentation was very informative and greatly appreciated.
Aye Riz🔥 actual Wall Street guy we all be waiting to ask these questions. ❤.. thank you for the symphony of the right questions you asked with so much poise 🔥
I was born 1 year before this man started trading. Im now trying to learn trading in 2024. I really wish someone in my circle cared about trading. I feel so alone in this. These videos help though. Inspiring.
Props to you riz you asked some great questions brother. Keep em coming!
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Nice gem when he talks of how they manufacture hype on Gold getting to 2k, just to use that sentiment to offload their positions ... unique perspective aside from all of us Algo retail scalpers and intraday traders.
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100% agree and order flow and Market structure helps discover past value and price discovery and therefore define those areas of going long/short and targets
People like us who know what is happening in the charts youl never hear us teach anyone wht we knw because it's the truth. All these who you see telling you this is wht works and you should pay for mentorship. They jst looking for your money to sustain their live. You pay their bills while they sell you what they can't benefit from. The business is not trading the business is wht they sell you. Wake up
the best guest so far what a legend I'd love to learn off him 👏🏻 great podcast riz
Thank you for tuning in🫡
What an interview! So many golden nuggets in here if you listen. It is funny though that he literally uses TA levels to make trades off of but then says TA doesn't work. He just uses it slightly different to your average retail investor
Wonderful from the Supreme Helm, Good Depth, Definetley Valuable to New Traders Alike, Excellent Precepts. Need more Podcast to develve on Smart Money concept and Marker Maker perhaps.
Thank you Riz and Paul❤
Thank you for tuning in and supporting the channel 🤝
@wordsofrizdom the highest blessings brother!! I completely overstand what you two were discussing, it was a beautiful conversation. You and Paul have saved my life and my family for generations to come! Thank you❤️
I appreciate how good the production quality has gotten 🔥
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Really Appreciate This Kind Of Knowledge 🎉🎉🎉
no fancy words just price range and price levels \ love the episodes big up
My Biggest lesson so far, loved his points
@@Knowthehistry What did you learn ?
These is THE video…😂😂😂👍👍👍🙏🙏🙏keep inviting such kind of people I love it….thanks Riz
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This was awesome. Thanks both of you. 🙏🏻
Dapo Willis Top Down Analysis strategy makes a whole lots of sense to me listening to this broadcast.
Am definitely looking forward to this episode
Brilliant brilliant brilliant to get this insight from an actual proper trader 🎉
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Conversation, lecture this one is everything 🔥🔥🔥 🔥
Suggestion Riz a small white board with a marker or a screen to let the guest put some writing for the chat ?
Best one yet Riz
big W every week this man dont miss
I think Paul here is somewhat typical of time served floor traders, they come from a different era, one where technical trading was not the primary method of profiting. There are several documentaries on YT, showing the difficulty and disdain older floor traders have for charts as the main decision making process.
Here's the thing, as a trader you need to find something that repeats. Something that happens with enough reliability to make it a probable event. Paul Scott here in this interview, describes the levels he will trade from, because history shows him these levels will probably be respected and movement will follow. He seems to equate 'technical analysis' with predicting where price will go. This of course is not how many successful traders view it, and many very accomplished traders use it to quantify areas of probability. Calling it 'bullshit' is just a bit stunted and painfully reductive for my liking. Trade what you see, not what you think.
Exactly. Finally one person who understood what he was trying to say
1 minute in and I already think this is brilliant.
Technical analysis is not about predicting price, it's following price with an understanding there is a probability of it continuing or reversing. Tell Jim Simons that technical analysis doesnt work. Don't knock what you can't do.
He doesn’t use technical analysis
This guy is garbage. Fake story teller.
@@FailLevel In many cases TA works because retail traders make it work. Of course it doesn't work all the time, but that doesn't nullify the times it does work. Of course it's best to pair price action with it, because using TA alone will amount to nothing but failure.
technical analysis is price action. If you can read price and make probable decisions based on what you see, that is technical analysis. It doesn't have to mean indicators
Ta aint price action@@christsangaris
Fell asleep watching this video last night. Rewatching it now. That guy talks facts.
Same here
Ditto 😂
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Same here….loving it
Well what an eye opener!!! 😮 great podcast lads.
Great interview and fantastic interviewee, very funny and knowledgeable! Your channel is getting one of the best places on youtube to listen to top traders! Congratulations,
Of course technical analyses works also levels, which I called them V's, just open any chart and zoom out and you will see why I called them that! Technical analyses helps avoid trusting your senses because trading is a deception everyday and an emotional war waged by banks, therefore having something beside your beliefs, biases and senses will always help! But it takes time(years) to ignore your own opinions and follow only the rules! Good luck
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Great to see such a diverse lineup of guests.
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this is the interview I think I have taken the most from, on this channel
What he said is true but how do you learn rules of the game, coming up with levels or ranges, setting up Limit /Stop orders?
Riz if you get Nav on a podcast you would be the biggest boy in this space
Paul, you sound like the kinda trader I'd love to have teach me to fish, and I love to help others....
what I was taught he is deff not lying and keeping it real he knows what he is talking bout this is GOLDEN if you can pick up what he is saying trust me
Yeah he is speaking in riddles but I fully get him
The market is the constant
The trader is the variable
Behavior of a trader
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I love these institutional traders. They give the real game
He even says they don’t. They are only interested in your liquidity. They don’t give away any secrets. Why would they? All you have to know is they rig the game and have many advantages we don’t. They even went to the authorities to take out the retail trader who beat them at their own game. He went to jail. These guys don’t even use their own money and then when they really stuff it up they get our tax payer money to bail them out. They ain’t good peoples dude.
BEST PODCAST
I like listening to Paul Scott, what he says is very interesting.
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