"Don't be too proud of this technological terror you've constructed. The ability to destroy a planet, or even a whole system, is insignificant next to the power of the Force."-Darth Vader
Thank you Stacy for your efforts and generosity, I've been trading the markets for 6 years and like a muddy wheel spinning in the green and the red. Your methodology truly construct a precise plan that gives night goggles to traders who are caught in the ebbs and flows of the market. In my long search trying to find a comprehensive curriculum from all the furus ,gurus and poopoos none came close to compartmentalize a method like you do sir. My question might be silly but for some one to have such a method 90/10 would own all of the world currency if we do the math whether a single trader or a hedge fund, so where is the limitation.
Thank you! Have a great weekend, Stacey! For those who have their own rules, but when they are at the screen they can't stick to their rules! Your mindset is the problem! You have to work on your Fight-Flight mode! It's not about the market or your method! It's your trading psychology!
Thank you for giving me a new life Mr. Burke! Forever indebted to you. I thought i knew trading. Worked at the CBOT. Thank you for renewing my passion for the markets! Let's get everyone here to see the big picture!
Double tap, breakout, tap and breakout - can you please go through this when u do your video next please Stacey. Think I get it but want to see your thought process as you see it in front of you…with the gold chart.. I had marked the breakout traaders in the market and had the thesis of a reversal.. unfortunately I do not trade the US market times but thinking whether I should stay up a bit late. As always, really appreciate all the time and effort you provide selflessly. I need to start putting down my own rules and crystallise it. Am still on demo trading but need to start putting some serious focus. Thanks once again 🙏🏻
Had a great trading week, but I’m going to focus on being better next week. You’ve helped me so much through my trading journey. Have a great weekend Stacey 🍻
I was a bit sad for playing platinum on Thursday instead of NQ even though I did get out with profit. And then I missed out on silver on Friday lol I finally made my mind up to get your playbook. Looking forward to improving on seeing the best setups 😊
I took a step back these days, I got tired of taking bad entries. Even if the gold template was extremely tempting I did not take that trade today since I am still viewing again the videos, honing my entry criterias. Right thesis again today but no entry for me (better than bad entry hahaha) The good part about the market and the BTS is that we will see the same next week, the week after and so on The better part about it is that in order to get very good at trading, one must become very good at being a better person every day. Thank you very much, sir, for your great work. The greatest community I think is right here. Have a good week end every one :)
"It takes THREEE... Threeee pushes to reach the center of the loli-pop" says the wise OWL. Then when he reaches the center of the lolli-pop he CRUSHED IT! LOL I remember this from the saturday cartoon commercial LOL. In our case we wait for 3 pushes (after the overall setup is ready) and then CRUSH it when we get that expension that the setup deliverrs. In my case I got short gold trade for a 5X gain :) Take care to all and let us be patient and get better at SEEING the setup and delivery JESS
I saw the setup forming and watched but haven't yet created the neural recogntion it's happening or about to happen and stay happening.l, and this time I didn't get in on the short as everytime I usually do it rapidly reverses back up and dcbs..lost alot of cash like that. I'll get it soon..
revamp: I too still need alot of LEARNING before I can become proficcient at spotting SETUPS. So for the mean time I planted this rule in my mind. IF I do not recognize anything on the chart as a setup DO NOTHING. At first its hard cause you THINK you recognize something and then try to trade it, like you had some of those reverse type trade happen. So decided not to let that happen anymore and just plain simply wait till I COMPLETE SEE a SETUP. In my case..I took a more delibrate approach. First I saw Thursday break the high of wednnesday and close up. Then on Friday I saw 3 pushes after a sort of sonsolidation , before the trade. But and here I made this more strict for me, I decide to look for 3 pushes ABOVE wednesday's high. You see there are 4 pushes but only the last 3 where above the high of Thursday. I happen to wakeup at 5:30AM my time and see all this setup and then placed a 10SMA and wait for price on the 15min to FALL down below it.. Oncet that happened I pulled the short trigger. For the TP I looked to Thursday when the BREAK long "started" and figured that would be a level that price could fall too. It was lower than my 5X so that justified it for me to use 5XTP. If there was no news I would of just placed a 2X TP. After all this I walked away and forgot about it. I didn't look the trade till 2 hours later... wow was kinda surprised that I had nailed it and read the SETUPS appropriately or SO I THINK I DID. So the SETUP I saw was really simple. ONE LONG DAY(Thursday)... then consolidation with 3 pushes above on next day(FRIDAY) and then a fall of price at NY open below 10SMA. Jess
Every Friday at market shutdown i add the closing price as a horizontal ray. Just as an experiment if you want too add this price purely coincidental to see what it shows you on the chart and what is formed just above it, (stacey reference he uses ny closing price from a daily session consistently). 2360.44 that price is from the fri closing at actual shutdown on 10.02.24.
CRYP hourly chart setting up for Asian session tomorrow Lower lows on the inside, failed break higher giving a peak formation high then a coil inside for a possible short trade
I can't stand the p&l talk...if you have a specific mastery of a setup p&l is just the byproduct. The real question is how many 1R losses are you willing to take because you've mastered a setup that you know produces for you time and time again...I can answer that question for myself and the answer is as many 1R losses as the market wants to give me. When you understand what I just Said then you'll see how ridiculous asking someone for p&l is...
Over the last two months I exited crypto and switched mainly to penny stocks. I was nervous and i think penny stocks are more dangers than crypto with all the legal market manipulation the SEC is cool AF with. Keep it simple stupid has really helped me realize and be more profitable. Thank you tons you most def are awesome!!
Thank you cu next week💪 I’m going to test my self and not open a chart till Wednesday close… from reviewing FRD trades they tend to happen at the end of the week AKA BACKSIDE of the week, fancy that 😂
I caught that drop on gold today. I appreciate you so much Stacey. Caught the move but I had trouble sitting on hands this week fr. Still finished green for the week though
My man stacey nailed the pnl question. Love your work brother. I've been learning from you for 6 months and with every day and every week I'm getting better and better. Like you say 1 percept better every day. Appreciate what you're doing ❤🙏
I donked it today. In an out no trust, needed to much confirmation, way late. Always thanks to you Stacey. Great vid! I need a deeper commitment, simple set up and execution. I traded to survive Or be right. Pathetic. All the same. Have a great weekend everyone!! Be kind to yourself if you donked it too!
What a day. Incredible. The day I found this channel was the day my trading turned around. 90/10 setups only. Can’t thank you enough Stacey 🎉
“How many pushes does it take to get to the center of the lollipop” 🤣🤣🤣🤣 Man I’m logging off😂😂😂
You shouldnt have said that 😂😂😂😂
For you 8 rules😊
😂😂
😮😮😮
Looking into extended elliott wave corrections can give you a little extra knowledge.
I'm kinda excited to see what the algos be like this next week
"Don't be too proud of this technological terror you've constructed. The ability to destroy a planet, or even a whole system, is insignificant next to the power of the Force."-Darth Vader
Thank you Stacy for your efforts and generosity, I've been trading the markets for 6 years and like a muddy wheel spinning in the green and the red. Your methodology truly construct a precise plan that gives night goggles to traders who are caught in the ebbs and flows of the market. In my long search trying to find a comprehensive curriculum from all the furus ,gurus and poopoos none came close to compartmentalize a method like you do sir. My question might be silly but for some one to have such a method 90/10 would own all of the world currency if we do the math whether a single trader or a hedge fund, so where is the limitation.
Thank you! Have a great weekend, Stacey!
For those who have their own rules, but when they are at the screen they can't stick to their rules! Your mindset is the problem! You have to work on your Fight-Flight mode! It's not about the market or your method! It's your trading psychology!
My man stacey burg back with mind set reset 20min videos 🎉🫡 how many pushes to the centre of the lollipop 🤣🤣
your largest loss is still in front of you... i like that one!!!
Have a blessed and safe weekend traders
Lots of Value in this video! I had to rewatch again. Stacey always providing for the masses. Gotta love it. Grateful
I appreciate that M! Thank you! I hope you had a great weekend!
Thank you for giving me a new life Mr. Burke! Forever indebted to you. I thought i knew trading. Worked at the CBOT. Thank you for renewing my passion for the markets! Let's get everyone here to see the big picture!
Fantastic Siggy! I appreciate that thank you! Have a great weekend!
lol Freee cash Friday🎉🎉🎉
Double tap, breakout, tap and breakout - can you please go through this when u do your video next please Stacey. Think I get it but want to see your thought process as you see it in front of you…with the gold chart.. I had marked the breakout traaders in the market and had the thesis of a reversal..
unfortunately I do not trade the US market times but thinking whether I should stay up a bit late.
As always, really appreciate all the time and effort you provide selflessly. I need to start putting down my own rules and crystallise it. Am still on demo trading but need to start putting some serious focus. Thanks once again 🙏🏻
Congratulations to your Daughter n son🎉
Gold = $$$
Had a great trading week, but I’m going to focus on being better next week. You’ve helped me so much through my trading journey. Have a great weekend Stacey 🍻
This three day set up stuff is confusing man.🤔
Behaviour of price = Behaviour of yourself.
The lollipop lol
I was a bit sad for playing platinum on Thursday instead of NQ even though I did get out with profit. And then I missed out on silver on Friday lol I finally made my mind up to get your playbook. Looking forward to improving on seeing the best setups 😊
Great job Shay! 1% better everyday! Have a great weekend!
You got this Shay!!!
Am only looking for one setup in a week and that's a reversal
Awesome Oddun! Have a great weekend!
THANK YOU
I took a step back these days, I got tired of taking bad entries. Even if the gold template was extremely tempting I did not take that trade today since I am still viewing again the videos, honing my entry criterias. Right thesis again today but no entry for me (better than bad entry hahaha)
The good part about the market and the BTS is that we will see the same next week, the week after and so on
The better part about it is that in order to get very good at trading, one must become very good at being a better person every day.
Thank you very much, sir, for your great work. The greatest community I think is right here.
Have a good week end every one :)
"It takes THREEE... Threeee pushes to reach the center of the loli-pop" says the wise OWL. Then when he reaches the center of the lolli-pop he CRUSHED IT! LOL I remember this from the saturday cartoon commercial LOL. In our case we wait for 3 pushes (after the overall setup is ready) and then CRUSH it when we get that expension that the setup deliverrs.
In my case I got short gold trade for a 5X gain :)
Take care to all and let us be patient and get better at SEEING the setup and delivery
JESS
I saw the setup forming and watched but haven't yet created the neural recogntion it's happening or about to happen and stay happening.l, and this time I didn't get in on the short as everytime I usually do it rapidly reverses back up and dcbs..lost alot of cash like that. I'll get it soon..
revamp: I too still need alot of LEARNING before I can become proficcient at spotting SETUPS. So for the mean time I planted this rule in my mind. IF I do not recognize anything on the chart as a setup DO NOTHING. At first its hard cause you THINK you recognize something and then try to trade it, like you had some of those reverse type trade happen. So decided not to let that happen anymore and just plain simply wait till I COMPLETE SEE a SETUP.
In my case..I took a more delibrate approach. First I saw Thursday break the high of wednnesday and close up. Then on Friday I saw 3 pushes after a sort of sonsolidation , before the trade. But and here I made this more strict for me, I decide to look for 3 pushes ABOVE wednesday's high. You see there are 4 pushes but only the last 3 where above the high of Thursday. I happen to wakeup at 5:30AM my time and see all this setup and then placed a 10SMA and wait for price on the 15min to FALL down below it.. Oncet that happened I pulled the short trigger.
For the TP I looked to Thursday when the BREAK long "started" and figured that would be a level that price could fall too. It was lower than my 5X so that justified it for me to use 5XTP. If there was no news I would of just placed a 2X TP. After all this I walked away and forgot about it. I didn't look the trade till 2 hours later... wow was kinda surprised that I had nailed it and read the SETUPS appropriately or SO I THINK I DID.
So the SETUP I saw was really simple. ONE LONG DAY(Thursday)... then consolidation with 3 pushes above on next day(FRIDAY) and then a fall of price at NY open below 10SMA.
Jess
@xmess7 I'll read that a few times over to let it materialise thanks for sharing that.
Wayne
Every Friday at market shutdown i add the closing price as a horizontal ray.
Just as an experiment if you want too add this price purely coincidental to see what it shows you on the chart and what is formed just above it, (stacey reference he uses ny closing price from a daily session consistently).
2360.44 that price is from the fri closing at actual shutdown on 10.02.24.
Your referring to Thursday closing price correct? Or did u mean last weeks Friday close?
How do you determine, in an initial bounce setup like gold on Friday, if it's a bounce off the 20EMA or a first bar entry?
CRYP hourly chart setting up for Asian session tomorrow Lower lows on the inside, failed break higher giving a peak formation high then a coil inside for a possible short trade
Let's Roll 💪
I don’t trade these set ups but I watch these videos all the time for the Trading Psychology mindset refresh.
what setups do you trade?
@@ddtrader1755 I use bookmap to find exhaustion or absorption at key levels to place my long or short trades.
Have a good weekend dude..i appreciate the vids...
How many pushes does it take to get to the center of the lollipop took me out 😅😅
I can't stand the p&l talk...if you have a specific mastery of a setup p&l is just the byproduct. The real question is how many 1R losses are you willing to take because you've mastered a setup that you know produces for you time and time again...I can answer that question for myself and the answer is as many 1R losses as the market wants to give me. When you understand what I just Said then you'll see how ridiculous asking someone for p&l is...
Well said Brother! 💪
Hi Steven, I have been working on Asia BO-HOD/LOD trades, was wondering if you also look at Asia or just stick NY open?
I do understand your answer btw.. it means you are a VERY good loser ! And that you extreme confidence in your setups. Very nice.
@hissst69 hello, I predominantly trade the ny session...
@@hissst69exactly !
🍭
Over the last two months I exited crypto and switched mainly to penny stocks. I was nervous and i think penny stocks are more dangers than crypto with all the legal market manipulation the SEC is cool AF with.
Keep it simple stupid has really helped me realize and be more profitable.
Thank you tons you most def are awesome!!
Awesome Polar! Keep it up!
free cash Friday😅
Thanks SB. I can definitely feel I’m getting 1% better every single day📈
Awesome Alex! Keep it going! Thank you
Thank you very much Sir!
Thanks Mr Burke you keep my head up.
Thank you cu next week💪 I’m going to test my self and not open a chart till Wednesday close… from reviewing FRD trades they tend to happen at the end of the week AKA BACKSIDE of the week, fancy that 😂
That's it Gina! Have a great weekend!
Thank you, you too 😊
Conglatulations to your son and your daughter. You are the best.
I appreciate that Pook! Thank you! Have a great weekend!
I caught that drop on gold today. I appreciate you so much Stacey. Caught the move but I had trouble sitting on hands this week fr. Still finished green for the week though
Awesome job Free! Have a great weekend!
@@StaceyBurkeTrading same to you! 🙏
Love it coach. Just smile'n 😊😊😊😊😊😊
Love it Clifford! Have a great weekend!
@@StaceyBurkeTrading Likewise coach!
congrats Stacey! with the kids.
Thank you Marcel! I appreciate that!
@@StaceyBurkeTrading The least we can do Stacey! You are changing my life (offcourse I need to this) But you give the information to make this happen.
Thanks at first I failed to understand your teachings but afew months now am starting to get it
My man stacey nailed the pnl question. Love your work brother. I've been learning from you for 6 months and with every day and every week I'm getting better and better. Like you say 1 percept better every day. Appreciate what you're doing ❤🙏
I appreciate that Rhys! Thank you! Have a great weekend!
That was a great mindset reset! Thanks Stacey... so appreciate!! Have a great weekend 🙂
I appreciate that Trade! Thank you! I hope you had a great weekend also!
❤❤❤
I donked it today. In an out no trust, needed to much confirmation, way late.
Always thanks to you Stacey. Great vid! I need a deeper commitment, simple set up and execution. I traded to survive Or be right. Pathetic. All the same.
Have a great weekend everyone!! Be kind to yourself if you donked it too!
This week is a new week Ryan! I hope you had a great weekend! Keep getting better!
Thanks buddy. My heads up, still feeling the sting though. Patience and marathon running through my head.
are you on twitter
No