In this video, Samson teaches how to apply smart money concepts on trading gold using 4H and 15M time frames. He emphasizes the importance of having a trading plan and understanding bias.

write 1000 words and add headings article based on this youtube scriptGood evening everyone um I think we have created the Stream hope everyone is having a good day my name is Samson and I’ll be taking you for today’s session so if you can hear me uh just say hi on the chat if you can’t hear me I’ll be taking you through the session With uh on how to thread gold um but Robert isn’t available today so you will see him on Wednesday uh thanks Anthony uh okay correct I think we can we can begin so um I think if you’ve been following the webinars for this year you will have noticed there’s been a common Trend Um or the bulk of the the tropics rather we’ve been covering a lot of smart money Concepts I don’t know if any of you has noticed that and we are trying to get in line with what wait let me increase this we’re trying to get in line with what uh We’re trying to listen to you guys and seeing what exactly are people interested in and what we should cover and discuss in detail so from think around December last year to now we’ve covered a lot of content around that topic and today’s session will be How to apply what we have learned so far and we’ll be using it on gold because also it’s a very popular assets or instruments to trade so yeah when you’re going through the session I’ll be bringing a lot of topics that we’ve learned already that has been Covered on the YouTube live stream and I think it’s good to always uh go back if there’s something that you’re missing or there is something that you feel you’ve not trust properly go back to those Concepts and then come back to this video so I I want to talk about this before we Start and uh we cover this in a trading psychology session some time back and it involves the paths of learning as a Trader and how usually progress the very start you start with your current reality which is your set of beliefs and what you personally think the market looks like and your Expectations and all these things that um usually every Trader I know of every new Trader usually starts with a set of expectations and then what happens is you get to explore the market and you explore yourself also this is where you know how emotions can sometimes be not such a Good thing and sometimes it can be helpful and you also get to learn different concepts and everything is just scattered you’re trying different strategies and all that and it’s usually a discovery first for most Traders before you finally get to the third stage which is developing a trading model but you do realize Um this is never the last bit usually the assumption is you’re you’re gearing towards something that you can give you a hundred percent uh success rate so it’s like a money machine of some sort and it’s usually when Traders try to look for Perfection where you’re trying to find the one perfect strategy And you’re trying to uh fight towards this thing that is almost impossible to attain and uh yeah at some point you’ll you’ll learn that um in as much as you have a good strategy you should also or a good strategy impresses imperfection so one losing trade or A series of losing threads does not mean your entire trading system isn’t logical as long as it’s based on a sound reasoning as long as it’s based on sound reasoning then for the better part that’s the best you can get and you should probably just rely on that for Some time and this is where you start internalizing the experiences because once you have a trading model there is a there’s a way someone can teach you and there’s a way you can understand it those are two different things and even I think this is an experience we’ve had With all sessions is there’s always someone can explain to you something and then there’s a way you can use it in your own unique way and this applies also to what I’ve been referring to in the first few minutes which is you’re trying to grasp these Concepts that we’ve done From around December and then you’re building your own model to apply these Concepts and this is where internalization comes in so today’s session will be doing gold and frankly all the session all the topics that we will touch on gold we’ve already covered them in one way or another it’s Up to you to remember them what you’re doing is helping you to synthesize the concept we’ve done thus far so without wasting too much time let me just go straight to the gold chart so I think this is it okay so I’ll just clean this uh a bit Like that like that we have a clean chart all right so today’s session is about having a trading plan using the four hour and then basing your entries on the 15 minutes it looks quite simple chances are it is but then you need to have all these Concepts that you’ve learned so far To come up with a solid or a logical plan so um I usually like starting on the daily so I’ll use the daily and the H4 time frame interchangeably because they sort of give you a broader context of the market that is not too large for Example if I was to go to weekly then if I’m planning on trading for a few hours this is useful yes but in my context I’m not really it’s not really going to be of my shoes so you choose a time frame that isn’t so big So daily and H4 if you’re planning to trade into intraday is good enough okay so um you’re going to use the 15 sorry the four hour and the daily charts to give you a broader bias of the market now bias is something that we have mentioned the question is how do you arrive To bias yeah and before we go to today’s price action or today’s trading which is at the far right let’s have a look at what has been happening uh previously so that we have a good uh understanding of what you’re looking for the first thing uh there are three methods I believe that You can use to identify by as fast is looking at the the state of the market yeah the direction of the market which is around an uptrend a downtrend all that secondly you can be slightly more advanced and say you’re looking at chat patterns which is Are there any are there any sorts of uh patterns that you can put yourself into in terms of context on the lower time frame that can guide your bias then lastly you have your what you have been doing which is it’s much money Concepts I I don’t like Using that word but trying to look at demand Supply or demand and Supply behaviors based off the price action you’re seeing on your chart and this becomes a little tricky because the more you get into these Concepts all the way from just looking at the trend to demand and Supply Concepts it’s very Easy to be biased on the chat I can be looking at this chart and already in my at the back of my mind I know I want to buy so that means anything that I see is going to just confirm for me that I want to buy here So it can be tricky because the more advanced you get the more subjective things can get and that’s that that can be tricky to a tricky handle to get over so I think practice usually just makes it a bit or easier with time uh to get the hang of it okay so let’s Start with here we’ve had this upwards push and this is on daily I’ll use this alongside the H4 we’ve had this upwards push in prices as a Trader you’ll be looking at uh the swings…