The Exact Strategy I Use To Travel The World Trading

What I want to show you in this video is how with one laptop and the right skill set you can make money wherever you want in the world trading.

Now the only way you're going to be able to do this consistently and successfully is if you understand a few key concepts and fundamental principles around trading.

I'm going to break that down into about four different components. Number one, understand session timings.

You've got to know when and where in the world the session opens are for you. That's Asia, London, New York.

Number two, the actual trading strategy. I'm going to give you a full breakdown on how I trade the markets and how I make money consistently through trading.

And I'm going to break it down into a few different components. I want to start at the very basics and then work all the way into advanced concepts.

Number three, prop firms versus personal capital. We'll go through which one's probably going to be better, if not using both.

And number four, tying everything together. How can I travel the world with a single laptop, trading the markets, and make money consistently?

I'll summarize it all at the end and show you how you can really pull this off and make that dream a reality.

So for those of you to this channel, my name is Daniel Holmes.

I'm a full-time day trader with verified profits of multi-six figures, trading prop and personal capital.

And in this video, I'm going to show you exactly how I did that. So I'd like to start this video off with a basic quiz.

Number one or number two? Which one of these market conditions would you prefer to trade?

Now the answer to this question is actually very important and the reason why I've started this video focusing on this.

If you chose number one, you're probably going to have a tough time. If you chose number two, you're going to be better off.

And the reason for that is two things, volume and session timing.

So when you're trading and maybe you're traveling, you want to make sure you're trading the high volume times at the market open, there's a few ways you can find out when the market open is for you.

The first thing you can do is simply type in Forex

market time zones and it's going to show you the Sydney open, the Tokyo open, the London open and the New York open and show you which times they are and when it is for you in your time zone.

Now as a general rule of thumb, you want to be trading at these session opens.

Where these sessions open and continue on for a few hours is when you're going to get the most

volume in the market the most orders coming in and again

we want volume if we want to enter a trade and plan for it to

continue in a certain direction you want to ensure that there's volume there

another super basic way would simply be asking chat gpt

when the market opens in thailand or wherever you

are and as you can see here it's showing the time so for me tokyo open as set is at seven london open is at two new york is at seven and the new york stock exchange at 8 30.

so Thailand actually has great session timings.

And I can wake up in the morning, train that session, trade the midday session, trade the night session.

I won't do that because I'll turn into a gambler by the time it hits 8.30, too much chart time.

But very simple ways to identify when that high volume is most likely gonna be there in the market.

Now, just like getting good at anything in life, understanding the fundamental principles really well is crucial, hence why we covered volume and session times.

Now, when I step into the market, how do I actually identify whether it's a good trade or not? Trading strategy.

Now, I've been trading for six years and made hundreds and thousands of dollars through crop firms and personal capital.

And I want to show you the simple strategy that I use to do that, starting from the very basics, and then we'll move into some more advanced concepts.

The strategy is broken down into two parts, a type one and a type two.

Type one being the breakout and type two being the reaction off. There's five main confirmations I look for in this strategy.

Number one, trend. I need to ensure that I've identified the trend. Now, trends can only do two things.

They can either move in a certain direction or they can move sideways, consolidation. So first things first, are we consolidating or are we trending?

Number two, the timeframes. Now, the trades are executed on the 15-minute timeframe, but all other higher timeframes need to be taken into consideration.

Number three, volume, like we covered, is at a high volume time.

Number four, candlestick analysis, the importance of understanding how to read candlesticks. And number five, overall market structure.

So how does the trend and the bodies of the candles link together and tell a story?

At the core of my strategy is a very simple concept called support and resistance.

Now on the surface, it's simply price hits a level in the market and then when it moves away from that level and comes back there's a high probability that it's going to have some sort of reaction again.

Now if it does react again now we've got multiple rejections off the same level.

The third time it comes back there's really only two things that can happen.

It can either react off or it can break through. Now if it breaks through we have a system built around that to catch the breakout.

If it reacts off we also have a system to catch the bounce off.

Along the lines of what we just spoke about which is that

there's a level where price is respecting one two times and then when it breaks out of that level we look to take a breakout aka type one.