The BIGGEST Price Action Mistake
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- Опубликовано: 28 мар 2023
- This is the biggest price action mistake I see traders make. Make sure to watch carefully! Enjoy :)
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One thing I heard from a Trader is :-
Operators move the market towards where the stop loss of the retail traders are set.
Any advise for guessing the price in 10 mimutes if it's value is gonna be hogher or lower than x. It will help me a lot.
How would I actualize this strategy? I am very interested and would like more info. For example, how do I determine where retail has set their stop loss? Any videos or articles would be appreciated.
@@vashlash6870thats the neat part. U don't
make the stop loss of the retail traders become your entryprice, simple.
Market context is key
Bro but the new HL becomes the last HL 💀.
That the eternal fractal maze, right ? 😁
I found that quite silly.
That dip is the hedge fund trying to hit sl of early buyers
broooo wtf this just clicked in my head so hard, thank you
Me too!
how have you learnt trading and not known this? Im sorry but you need to find better teachers or something
@@js2sgamer951what do you think people watch these videos for? To learn bro. Not everyone pays for a mentor some chose to learn on their own. Spread positivity lil man
@@js2sgamer951he was probably fairly new bro
@@js2sgamer951most people learn by themselves
The low that was put in before the HH, can still be broken, Either with a close below (potential trend change mss or choch) or a wick (liquidity sweep). Learned very quickly I was the liquidity when stopped out thinking trend changed !
Isn't the last swing a HL? And doesn't this consider as a BOS?
Yes it is & you should short it when you see such formation..but he’s right if you use candlestick charts you’ll notice these kind of formations usually turn out to be a falling flag / pennant (variations) & when it breakouts go long..follow the ongoing trend..trend is your friend..I may be wrong but this is my level of understanding of the market
Yeah that's kinda confusing ngl. It does look like a BOS but could also be a deep pullback using the fib sequence? And the last swing is definitely a HL so I didn't get that
@@EnterUsernamehurrIn an uptrend, BoS only occurs when previous Swing High point is broken, making a new higher high. On the downside, if a valid swing low is broken that's considered a ChoC
Nah because this is actually SUCH a great explanation!
Also helps with trailing your stop loss correctly
This is the first real crypto trading tip I’ve seen in the past 3 days the others are literally just trading and saying exactly what they are doing without any explanation
To have a reversal you need at least a break of structure( BOS )
Watching this video while making the exact mistake on my TradingView chart. Thanks man.
Clear! Thank you.
Thanks bro it really help
In short words, Its called "Time Frame Correlation".Always check high time frame.The phases on lower time frame always gets interrupted by high timeframe phases.
😊
There will also be a HL below the one you are describing as real low and the loop will continue
Thank you , sometimes his videos doesn’t make sense
@@alexandres8968 his videos never makes sense. Just another shitty youtuber trying to make money from selling indicators and callout groups because he himself is a failure at trading.
That spot on the chart is one of my spots to put in a small trade just below the recent low. It often doesn't get filled, in a bull market it does give a great return.
I needed this, thank you!!
It then causes short liquidations in which it helps to boost the bullish trend even more giving it a lot of upwards support
I am a newbie and I understand that and I do it.
They exit because its head and shoulders pattern.
But they ignore the fact it's a bullish trend line.
In such case I buy at this low price and sell at the previous low in case it's going bearish.
And buy one more time after breaking the resistance line and testing it.
It can also cause a crash and total loss
simply and understandable....thanks
The slight move down is CHOP until price makes a HH or LL.
This is exactly what I was dealing with just today, though in a bearish market day for the stock. I will still be losing money, but it’s not as bad as when I wanted to sell. Kept hold of it and it’s slowly closing in on the opening trade price.
I noticed why it wasnt a valid low before you explained it. Youre a great teacher. Thank you!🎉
I made this mistake just yesterday, but still got out before losing any money... now i see why 😂😂😂
Thanks
and if market breaks and retest that latest HL it is still bullish? Because it formed bearish market structure.
To be honest bro. Stock market is unpredictable according to the knowledge I gather. Its amazing it feels like gambling but you never gamble before until you do more research, than here comes the luck and planing and studying. Its incredible I'm lowkey obsessed with this environment. Imagine meeting real people that actually do this....man oh man two minds working together. I'm starting to understand
It also goes sometimes above (bullish) even if it goes under the line…
Thank you brother
What’s the best site to use for day trading? And any practice sites?
Please make a video BOS and CHoCH
You said it didn't break the higher low but it did break the most recent higher low
I think he was supposed to say...' the previous higher low' ?
The high one is a lower low because of the fake reversal. It is now appearing to be in a down trend so that will be a lower low. The first one is a higher low because it is on a up trend. 😉
He said it correctly!
Today is my birthday.
Happy Birthday bro
Happy Birthday!
🎉
Happy birthday!
Which it sometimes do
Yes, give them vague and technically contradictory explanations so they keep fumbling and providing easy liquidity. I see what your doing! Clearly you should be listened to as a mentor since you put so much effort into giving a detailed, coherent explanation of your logic!
(btw just go watch ttrades vids on inducement, turtle soup, mss, and HTF POI to understand the other 90% of what he’s oversimplifying in this particular vid. You’ll just get burned over time trying to trade with this level of understanding)
That doesn't make much sense considering the previous low made by the share price is the most recent higher low.
This is just a *inducement* according to SMC
100%, once you learn this trading with equity edge analytics will be way better
Thank you 🇲🇾
But rhis is why you wait for the closing of each candle.
What does it mean to go short?
whats the difference between valid and unvalid low / high ?
I cant' understand too...
I'm understood
Can you use the Fibonacci indicators to know where it's heading?
How
I took that emphasis on "thousands" personally 😡
I made this mistake today and this short accidentally came in my short feed and this really helped me in figuring out my mistake. first of all, thanks to God and secondly thanks to you.
What broker do you use
Cuz I want to start but idk which one to use
If you’re just starting paper trade before using real money
Dont be the middle trader especially in trends
Hows that a higher low and not a lower low?
Then tell me how to identify higher low? Because for every time frame,there be a different low
Thats how i identify uptrend/downtrend
Indeed
THIS LITERALLY CHANGED MY MINDSET!
Which TimeFrame does this techniqe works effective?
Valid info.
It has all the signs of a bullish move since it didn't break the previous high and broke the previous low. Bottom line is it's unpredictable.
What timeframe?
Know the liquidity or be the liquidity.
The price just didnt use the recent Recistent as a Support, it broke through it but wouldnt that just make it a sidewise M9vement
That was me today with Tesla 😤
But isn't the one it broke the new higher low? Personally you need to understand why price retraced. Look for HTF POI but yeah HL would be the low that was broken
... No?
Thanks, i really was making this mistake over and over again.
its called market correction
Yes, very true
Liquidation sweep
Is this called a liquidity grab?
Yeah,but anyway,up trends are kinda hard to find.
Man… i don’t even realize this mistake
ohhh i see now thank u
What website is he using?
LTA Concept🎉 Winn
I think this is what elliot wave theory
Make sense 👌
God bless you for this ❤❤❤❤❤
it can go either way
the point is to track it to a T to get an upper hand on everyone else
Any specific time frames where this works better or worse?
markets are fractal it work on all time frames.
my broker is gonna be so happy
Exactly they use stop out for me when i know it's still bullish
So which indicator is best for showing the trend?
What are you using?
What kind of trade method?
Scalping, daytrading, swing or longterm?
best indicator of trend it price action, study the daily, weekly, and monthly to determine trend, spend more time there and watch your trading change.
ERL & IRL 🎉
I see that on my paper trades.
Real
I just had this happen today and I got burnt bad
THAT CALLED MITIGATION BLOCK
You mean lower low?
if your not trading order flow and can see the data your just trading blind tbh technical analysis is so last year
Make more videos with price action why we fail in them
It didn’t break the overall trend, market is still bullish if the overall trend doesn’t get broken. If you’re day trading it’s ok to probably grab puts but swing trading and long term I would never go against the trend.
Wow this guy actually said something true
but you dont say why
oh my god this just saved me
yes I really know this one
thats smart
"OFTEN"
If you enter short on that trade you don’t belong trading
It did break the higher low...you meant to say the previous higher low.
Wait the price to make a Higher High then break the previous Higher Low for a valid reversal 🤭
"fundamentally"
Use the MACD to avoid this mistake too
macd rsi and emas is all I use with some volume
Emas and macd are king and keep an eye on price action as a way to set stops and take profit.
@@ninja3687 yep, most of the indicators people buy on TradingView are based off of Macd, ma, EMA… they change the days and settings to come up with different indicators to take your money. It’s as simple as buy or sell based on MACD and EMA. I also sometimes use the order book but it’s not as good as Macd and EMA
Dude, you're saying the opposite of the short video I just watched, and that short was yours