Trading Charts: How To use Retracement Levels & Penetration
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- Опубликовано: 20 сен 2024
- #Stocks #Money #Trading
Most traders use a hindsight bias when reading charts, but that's NOT reality trading. In this video I'll talk about retracement levels and depth of penetration as well as how to read a chart properly in real time.
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Email: Jared@LiveTraders.Com
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you all prolly dont give a shit but does anyone know of a way to log back into an Instagram account..?
I somehow forgot my password. I appreciate any help you can give me!
@Langston Lyle instablaster =)
@Louie Graham I really appreciate your reply. I got to the site through google and Im trying it out atm.
I see it takes a while so I will get back to you later with my results.
@Louie Graham It did the trick and I now got access to my account again. I'm so happy:D
Thanks so much, you really help me out !
@Langston Lyle no problem xD
This is probably the best trading analysis that I've ever came across, well explained. Thanks a lot.
Thanks I appreciate that!
This is certainly the best explanation and teaching about analises... suport...resistence...
Whatever you do, PLEASE don't stop teaching us brother...wow!!!!
A week into watching your videos (6weeks since I opened my first trading account) and I don’t feel like I’m sssssoooooo in the dark anymore!! Thanks for being generous with your skill set and knowledge!
This is by far the best channel to actually learn about the stock market. Everybody else is fluff! Thank you, Jared!
That means a lot to me...thanks!!
Man! You know how to TEACH! You are gifted teacher! I have gone through countless courses, but you nailed it. PERFECT!
Bro the only time I can't sit through a hour long video is when the person is talking and I'm not really learning because they want you in the end buy something. So far, every one of your videos I've seen I sat through them till the end because you're a phenomenal teacher. You're not trying to lure in your video. You're simply teaching. Thank you so much for all your hard work and willingness to help us. I genuinely appreciate it.
Your style of explaining your content is easier to listen to than all other traders. Great lesson!
I really appreciate that!
Mac7 is
I for one have absolutely no problem with the longer videos. You are literally like the only MIT level stock professor on RUclips and your content can be as long as is needed and it every bit would be valuable. No one asks their professors to shorten their lectures. Why should you. Forget about the people with short attention spans. Just do you in however long it takes. I feel like I'm getting a college level stock market education from RUclips and can't wait to have the money to take your actual course. Your info is very much worth it. Rant over.
PS: 90s flashback, "haha, he said levels of penetration. Haha"
Jared, you are an excellent teacher my friend. The type who beats it into the hardest of hearing who end up thanking you for the lesson.
Trading to me is becoming so simple and clear thanks to your simplicity and patience in explaining, and above all, saying over and over again "relax, calm down"
This guy is no BS. straight forward direct to the point. Learned a lot.
Your explanation about candlestick is the best I ever saw !,
This has me watching charts all day trying to guess what will happen next. Definitely increased my batting average. Great lecture!
ive seen a lot but this is one of the best educational video from all time! thanks for this mate
Your videos are by far the best in technical analysis. I've been wanting to dive deep into understanding candle sticks and S&R. You have provided just that. Absolutely love your videos. Keep them coming
"Penetrating into Enemy Territory", great analogy that I can remember.
"Penetrating into Enemy Territory", great anal that I can remember :D
One of the best videos I've seen in a long time regarding how to read charts.....keep up with these amazing lessons.
I have watched many lectures over the weeks and this is by far the most informative, all your education lectures are simply outstanding, I commend you. Thank you so much for all you do and please continue to educate us.
I used my charting platform to do the exercise, by using the re-player option and going into the past and advancing the chart day by day....good exercise...thx Jared
Just finished this video. Hands down the most I learned in the past 3 days. Thank you Jared 👏
This finally made me understand candles where I've struggled for the past 2 days.
I don care whether it's 20 minutes or 60. Your information is solid and you provide examples. Makes what you are explaining super easy to understand.
Thanks Jared for putting out more videos teaching the real trading skills, there are very few of you guys that want to teach the real deal.
Thanks!! I try to add value...not fluff.
I hope you never stop making videos, dont know what I would do without King Jared guiding me, a mere mortal, through trading.
LOL...thanks, I really appreciate it.
Thanks man, no promo-stuff, just pure nice applicable knowledge (wrote down a few pages of notes)! :)
Good explanation on reading price/candles. Unfortunately charts are rarely as clean as your examples. It takes a lot of effort and experience but a good place to start.
what a legion watched a few of your uploads followed by a bit of back testing 3 trades tonight 3 positive results
best lecture ive come across on youtube , impeccable system , cant wait to watch the rest
thanks again
Thanks, appreciate it!
Brilliant video, Love how you go into detail and the 'Why'. I totally see candlesticks differently. Never thought about the amount of penetration showing strength and how ''No wicks actually equal strength''. Also Loved the analogy of penetrating enemy territory as well really easy to remember. Thanks for taking the time to make this. It doesn't go unnoticed. Great Trader & Great Teacher!
i hit the like button and then watched the video. because live traders uploads only quality content.
Thanks, I appreciate that!
RUclips Algorithm pay attention: this is one of the best tutorials on price action.
Thanks, appreciate it!
Am such a newbie and going through your video's has helped me so much. A MASSIVE thankyou for being so genuine in helping others.
Great and very clear explanation followed by a good "hands on" exercise. I did greatly appreciate. Thx. CiBi
By far the best explanation on retracement out there . This is going to help me tremendously. Thank You Jared.
Hands down one of the most helpful videos I have watched...much appreciated!
The best presentation of Retracement Levels and Pentration, Second To None. Even Steve Niesen might be envious, L O L. I do not understand the 2 guy who gave thumbs down. Thank you.
Thanks, Appreciate it. Craziest part is, this video was only 2 slides out of 10-15 for the entire presentation!! There's always some folks who are jealous...they are the thumbs down...oh well! Cheers!
@@Live.Traders Who cares about jealous people, they're loosers, instead of taking advantage of educational video trainings.
@@Live.Traders So Jared, do you disagree with the contention that a doji bar is great for indicating possible reversals? Longer bars are better you say?
@@monjuinc.2760 I disagree with blank statement like that. There are so many factors to consider...where is at? How did it get there? What's the volume on the doji bar etc...A doji bar after 1 green bar on a breakout doesn't mean much...but that same doji bar after 9 green bars in a row on high volume likely means a reversal...I explain that...Cheers!
@@KostaJankovski Thanks appreciate it!
Im a simple guy, I see Live Traders Upload a new vid, I click like right away!
Thanks, I appreciate it!
This is some of the best technical education you can get. Thank you!!!
excellent explanation of how to read a chart. please do more of these. very, very helpful to learning
I am from India really first time I got real teacher of trading in u tube your technic is to good then other thank u
wts ur no?
The word to describe multiple factors or concepts that may influence a significant move in the stock is confluence. Your description of the confluence of this reversal was really good.
Thanks!
I Was Looking For Stock Market Tutorials - For 3 Months I Gained Zero N 1 Day I Came Across Live Traders N Good Things Start To Happen Me - Absolutely Brilliant Content N Teachings My First N Favourite Teacher Jared Wesley - Love From India.
Solid genuine content that really helped me. Thank you
Jared,
Thank you so much for making this video. I've been following your 3BP strategy and it's produced great results. I've noticed myself getting out of trades way before my stop loss because I keep seeing certain candle formations over and over again that signal a reversal. In the past week I've been more right (that the reversal would blow through my stop loss) than wrong, and I wanted to know exactly why this was happening. This video lays out it clearly. Again, I can't thank you enough.
Sure np!!
Always great content, thanks for making my trading easier!
Extremely useful. As always you are sharp on target . Learning with you is pleasure
I have been following your videos for a while, some days ago i decided to buy the PTS course, I keep working, but my results have been improving like a lot... Let you know more in a few months ;) keep with the good work, and thanks!
Awesome that's fantastic!! Enjoy the course...it'll take time, so go slow and use good money management. Jared@LiveTraders.Com
This is the best teaching and explaining lesson!
Clear explanation for a beginner trader like me ;) thanks, Jared. Thanks for sharing your experience and knowledge openly. I made so many notes out of this video and screenshot all the important points. I look forward to more videos from you. Thank you!
Unconscious competence.
I really liked how you verbalized the cycle of incompetent/competent
I love your videos man! I love how you are so damn honest and upfront! I just happen to stumble upon your Channel and subscribed all the way. You was talking in a previous video about the person that lost 4k but then sold and took the loss and regretted it and then could have made 20k. I've basically done the same thing because I'm new and before seeing your videos. I'm still bagging a stock that I thought was going to go up because of a merger but it did the opposite after and then did a reversed split. So far I'm still down 500 but still holding 🙏.
I think this is your best video! I have seen of yours and I have watched a quite few and encase nobody has said so thanks man ;)
Wow, appreciate that...best one, hmm...I don't know...but thanks!
Jared is honest, one of the very few. Listen to him before the lecture. He is right, take heed or lose your money? I know, I've spent thousands on the those trading guru's lessons. Most guys are selling a dream and are salesman but who am I to judge, its business, their not making you buy their course. Just a note I have not bought Jared's course but would have. He is one of the best teachers and gives you honest expectations if your going to start trading. I've spent enough money on online lessons, books and have logged a lot of trade time now. Started Day Trading a year and a half ago and have just started breaking even. I've made my own strategy from information from a lot of different information sources and don't do chat rooms. I have to have silence, its just me. Jared mentioned "seeing set ups in real time". This is the key to trading success. If your thinking of starting out day trading, do yourself a big favor and start with Jared. Cheers!
Thanks appreciate the kind words.
Thank you! This was really helpful! My understanding of reading the stock def improved
I'm so glad I found your channel, thanks for these amazing videos !
Thank you very much!
You are the only real one I have ever seen about these stuff. Best lecture!
Thanks!
Awesome content and dinamic! Keep up the good work!
I’m paying some one to teach me this for almost a year now and because they’ll give the money to trade after make 3k on profit and I feel like they are just taking my money and I’m learning way more with you for free and the value it’s unbelievable fantastic.
They just taking my money and trying to sell me more stuff and charging me more if I want to reset the fake training account $600 which I pay $200 at month ,So every one be careful out here . I’ve spent 6k already with them and I have nothing, nevertheless, I have gotten a lot more learning from your RUclips channel, so thank you so much.
amazing work! even three years back still was killing the learning game
I missed the first half of this in chat yesterday. Glad you uploaded so quickly!
Sure np!
Wow at 27:00 I WAS about to close this video but decided to keep on watching till then at 28:00 this got my attention. this is really good. thumbs UP to this. Before I watch this vid I also thought the idea of covering the charts to practice my strategy.
I have been watching many videos on youtube to learn how to read charts .....
But i dint get proper idea on it ( bcz there are engulfing, inside bar, shoring star....blaa blaa blaa)
Like that there are many...to identify ...
But with ua simple explanation using """ penetrationn """word gave me complease Idea about candlesticks.....
Thanks sir .....thank u so much for ua efforts ....
Will b waiting for ua next videos
Amazing content! You make it look so easy Jared!
Thanks best classes I see in RUclips
Thank you so much for the best lesson.
this is so helpful. i absolutely love your work.
Thank you I needed this learning experience....your videos make you really think about what you should be looking at.....
I am a beginner. I have watched and subscribed. Soooooo much to learn. Conscious incompetent, that is where I am. I appreciate the time and discipline you have put into your teaching. I want to be able to do this as a business. I believe I will learn and grow with your videos.
Excellent session. Thank you!
Its really pleasure learn like this way
Great content and deep look into chart analysis, please keep the content comming 👍👍
Thanks, Glad you like it!
Love your stuff man, there's no BS with you, you tell it how it is
Thanks!
Excellent content 👍 thanks for making these videos!
Sure np!
Wow the explanations you use are incredible to explain
Great content as always!
Thanks !!
We need all the help we can get against these institutional traders and algorithms. Excellent video! Thanks!
Thanks, appreciate it!
This man is working hard making lots of money and an unappreciative woman spends it without giving him the credit he deserves!
Great lesson. Looking forward to PTS in the future!
Thanks...it's an awesome course.
One of your best lessons ... very good price action stuff here ... thanks Jared!
Thanks I appreciate that...means a lot!
Thanks man! You’re the best
Best SUB in 2020! Thx for posting!
Ma'an u nailed it in this one umade it so easy to understand
Thanks Jared, well explained!
the best and easy to grasp the concept,well explained, thx
Lot of adds but awesome video. I could watch hour after hour of you breaking down a chart a little bit at a time as it unfolds. More please!
Jared, this is truly an excellent video. So much information, presented in a simple and clear way. Excellent! ;-) Have a nice weekend, Jared!
Thanks!
The best teacher!
Thanks!
I really appreciate your work. I must say your explanation fantastic understandable. Thank you
Lovely explanation. Please share one video on effective stop loss techniques.
Thank you for the high-quality tutorial. Great teaching style!
Thanks, Glad you like it!
Hey Jared- love your hands on blow by blow and you war analogy. Yes, at normandy the beaches where a major area of resistance - the Allies where definitely battle tested and after that were able to run - higher highs, higher lows !! If the battle were a bar, it would be a super long bottoming tail - alot of blood for red, but than into the green.
Ahhhh yesss. More lessons. Trading is really picking up now!!!!
Thanks! I appreciate it!
Amazing content and fabulous teaching hands down! Ordering your book now.
woooow... you are an amazing communicator and teacher!!
ThankYou,this was quite informative.
You figured out how to put as many ads as possible in one video. Good job
Another great and sincere lecture. Many thanks J...
Thanks!! appreciate it!
Hey man I wanted to say thank you for your videos. I really appreciate your insights and how you are abstracting the concepts. Every time I watch one of your videos I go straight to my trading simulator and test the concepts and I always see an improvement. The simulator I use isn't fancy at all. It has a few oscillators and no names for anything and no real time frame. It's just candles and charts doing exactly what you suggested in this video. The charts seem to be endless. Idk man. I really feel like you teach the way I learn and I really dig how my comfort level has steadily grown
Fantastic...glad youre getting a lot out of it! Cheers!
@@Live.Traders Live Traders I really am. I had a few beers last night so sorry for the rambling comment lol. One thing, for us less experienced people, could you explain some of the jargon that you use. I haven't watched all your videos so maybe I've missed it but I am having a hard time with the different levels. Like what does it mean to have a level one down trend. Again, thanks for your time and knowledge. Last night I pushed my simulator from 75k to 163 with only a few losses. Any recommendations for a trading platform that doesnt need money that will also let me use stops and such? Would love to know more about the basics too, vocabulary lesson. I fell like you would present the info really well. Thanks again man.
@@chrismoon1584 You need proper money management. Never risk more than $10 per trade. That means never allow yourself to lose more than $10 on a trade. Cheers!
So the simulator I use starts you with 25k. It allows 10, 25, 50, and 100% but or sell options amd I've always just hit the 100% one think ive taken away from your lessons is that everything I need to know is in the candles. The simulator doesnt allow me to use stops so I dont really know much about that or what it means to fill orders. The thing just does what I tell it to do lol. I'm huge into learning new things and I dont know if I will ever trade real money but I would like to take the next step and learn more. Thanks again for your videos. The no bs insight works well for how I like to learn. Cheerios
@@chrismoon1584 If you're platform doesn't allow hard stops on the system, then get a new platform. It's 'that' big of a deal. Even the sim. should have it....Cheers!
good stuff Jared, thank you!
really very high-quality tutorial video. Thanks.
I really needed this lesson! I liked your new little quizzes in your lecture and the chart cover up. I am going to practise this in my paper account tomorrow. Thanks. i don't want to go to rehab in the future ;-)
Thanks!! Appreciate it!