50 PIPS A DAY - HOW I LOOK AT MULTIPLE TIME FRAMES
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- Опубликовано: 17 дек 2020
- #gold #xauusd #daytrading #forex #forextrading #forextips #forexstrategy #simpleforextrading
50 PIPS A DAY - HOW I LOOK AT MULTIPLE TIME FRAMES
My simple forex trading strategy is all about making 50 pips a day.
I hope you enjoyed today's Daily Pip Talk!
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Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading... Peter Brandt ...amzn.to/2otOMGG
The PlayBook: An Inside Look at How to Think Like a Professional Trader...Mike Bellafiore...amzn.to/2w1GpGp
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Disclaimer: The purpose of these videos is for educational purposes only. Nothing associated with this channel or videos should be taken as advice to buy/sell any specific financial market. It does not take your personal circumstances or financial situation into consideration. I nor anyone associated with this channel will accept any liability for any financial losses related to any content posted on this channel. Trading is risky so seek professional trading advice before taking any specific trades/investments.
pay attention!!!
What Stacey teaches is to conquer the summit of Everest.
Some people will not even understand it for another 100 years.
Anyone who understands Stacey will make a lot of money in the forex market.
Beloved Stacey, I do not know where you came from, what I know your wisdom is tremendous at the highest levels that anything can imagine!
well said my Dani well said. Stacey is one of those few people that are legit and always will stay like that.
It would be nice to watch a full week of live trading with him, though.
You are so right man!! I've been following him for the past 5 weeks, and I have completely changed my trading around!!
What he teaches makes so much sense!! But you're right, some people will not understand it, and it's because most people are too damn lazy to sit here on a Saturday night watching a 1hr trading video. Heck, most people don't even want to watch his shorted 15-20 minute videos. I see people on Facebook asking other traders how to set up their automatic algo trading strategy, so they can just go to work. Like for real, most people are too damn lazy to put in the time and work for succes. I mean Stacey literally serves it on a silver plate, and yet only about 500 of them will probably take it serious enough.
But that's 500 people he's helped, and I am proud to say that I am one of them who's trading has completely changed for the better!!
Just starting watching him today, does he trade in the box or outside of the box sessions?
Im Lucky to have come across this channel
Whiteboards are underrated ;-)... love the videos and the repetitive information helps to “lock it in”... much appreciated!!
Much appreciated IC! Thanks for the feedback!
One thing I noticed, I trade 1 pair only both ways
Multipule time frames up
The Algo flashes certain candles at certain times frames.
Its quite cool to see.
the only one trader who teach the true strategy in trading..best of all trader...
Sir, I've commented on several other videos of you these past few weeks. I continue to learn more and more, as I keep going back to them and watch them over and over again. About 5 weeks ago or so, I tried your stuff out on a simulation account with a similar account balance as my current. I was amazed by the results, but I also knew it was a simulation. So after about 2 weeks of trading in a simulator, I went with my real live account in the futures market.
I can tell you that these past 3 weeks have not only turned my trading around from being a struggling trader into a consistently profitable one, but also have I taken fewer trades, made more points than I ever have, and only had 2 losing trades in 3 weeks (15 trading days)!!! The detailed information and the way you are explaining things make so much sense to me!
As I said, I was a struggling trader (for over 5 years). But I don't even look at the markets the same way as I used to. Actually, right now they start to make sense!! Yesterday (Friday January 15th) for example, I shorted the ES as it was working the highs in a down move. I went short and took 27 points while risking 7!! Earlier this week I took 5-1 R/R!!
You have so much more to learn from, I feel like I just scraped the surface of the amount of information you are giving!! Thank you for what you do, you are literally chaning people's lives!! God bless!!
Best smart money concept & you are the mentor of the mentors ... enjoy weekend Stacey !!!
This man knows whatsup! There is so much value in this video. Thank you for the great explanation and for taking the time to put all this together. God bless you and your family. Merry Christmas
Yet another insightful vid from this incredible stacey! You're the best!
Thank you Stacey, I've been waiting on your multiple time frame analysis 🔥.
happy new year Stacy, I wish you all the best for you and your loved ones
Great information again Stacey...I sure appreciate the work you put into these videos!
Hope you have a great holiday Stacey, and may the markets go with us in the new year!
Here we go!
Another update from Mr. Incredible Stacey, so we got a valuable topic to enjoy the weekend...
Very good trading video instruction. Knowing where OTF levels are is very important to decision making. Thanks Stacey.
Content is getting very clear & even easier to understand. Thank you for making it available.
If you use Trading View you can type in "Cueing". It will lead you to a Support and Resistance Indicator by HPotter . It will put the Weekly High/Lows on your charts. It is based on an Indicator originally developed by Thom Hartle and was in Stocks and Commodities Magazine a long time back. Keep in mind that the levels are projected forward as predictive instruments similar to the principle of Traditional or Floor Pivot support and resistance levels calculated Daily, Weekly or Monthly.
Much Appreciated Stacey - You the man!
I APPRECIATE YOU STACEY. NOW I CAN TAKE A LOOK AT EVERY SWING HIGH AND LOW IN A DIFFERENT LEVEL. CHEERS!
thank you so much mr stacy for the great explanation
you are the best teacheri have ever known...Thank you so much for all the energy and knowledge you spread all over the world.Thanks from Iran
Other time frame traders is supply/demand zones on different time frames. Supply/Demand zones are the gap between the body and wick.
12/23/2020 , I used the principles taught by Stacey on the EUR/USD on the NY Session this morning with success. I've always been a scalper and feel most comfortable trading ranges but what I wanted to mention was the distinct advantage of using these windows for swing trades. Personally, I combine these with multiple support and resistance levels on higher time frames as well. I gave myself a Christmas present this year and bought the books that Stacey has talked about. Wishing everyone a Merry Christmas and Happy Hanakkah. Thanks once again for your teaching.
Ur the best!!!!! This is how multi time frame analysis is explained
Explosive explanation on MTF .I will review this video again and again. Now I can rest easy and enjoy this Christmas gift from SB.Thanks Stacey.
Another great video. I'm still seeing too many false entries, but I'm starting to weed them out. I appreciate the repetition and examples!
Another Gem of wisdom , Many Thanks Stacey Your a Legend.
Eactly what i needed! Thank you!
After all this time it just hit me . Not othertime frame traders , All time frame traders in the market. This is why I watch all videos old new , on repeat. Cheers 🍻
7 hours ago! hey there, 1% better every day
Hello mate. I have been watching your videos and it helps me understand the market. Thank you for sharing. One thing I didn't understand is your entry rules. Please let me know if you have a video specifically talking about entry conditions.
These videos are opening a new horizon after i understand its market makers playing a game with us that can be decoded by market maker cycles, behaviour of price, HOD LOD, and most important, timings. It's a game like dungeons and dragons they are hunting and we have to understand the market maker moves. It's hard to explain but i am starting to see after 5 months studying these concepts and after 2 years of trading. The " Why market moves". Stacey, my mentor. I am finally starting to see your way. Day and night studying you and focusing on your words.
There are always gòod trades to be found the most important thing is to maintain ones control of ones self and not trade in anger or reaction to getting stopped out. That is the key to making money
Absolutely Phenomenal video!! Thank You so much, Stacey!!!
Glad it was helpful Mark! I appreciate the feedback thank YOU!
Thank you very much Stacy, grate video,
You are so welcome Francisco! Thanks for the feedback!
Preach it brother preach it!
Awesome video Stacey, thanks.
Thanks for watching Abdul! I appreciate your feedback!
SB! Happy Holidays! I just want to know in regards to the one bar stop, do you use a buffer. I’m finding that my one bar stops always get hit before I my goes in my direction, and with good risk management. I don’t get back into the trade to preserve my capital.
Thanks a ton Stacey!
Thank YOU Patrick! Cheers!
This price action for astronauts omg just keep watching and grinding
Thanks for sharing your strategy!
My pleasure IR! Thanks!
In these xmas periods it is even more important to only trade from high or low the day because they use this time to accumulate orders and build ramges for jan breakouts
boss..you changes my trading strategy..your smart trader...from..philippines
Can you do a video on identifying structure, possibly in live time?
Thanks again Stacey. Do you ever adjust for volatility? The typical weekly range for GBPUSD is +/- 170 pips from the previous Friday's NY close. Last week +/- 270 pips was priced in. Looking forward +/- 240 pips is being priced in for the upcoming week. Chris Weston touched on this with you in your October webinar together.
DO you like to be out of the trade before gap time or just let the trade take its course? or call it time decae? I enjoy watching your market commentary. It helps me see where I messed up the previous trading days. Thank you.
If the 830am london bar or the 1430 am bar london time ends as a doji without breaking the range, they are going the other way bruv, easy call. If you are already in move ypur stop above or below that bar. If you arent then go with a break of that bar easy 50 pips or more if aligns with 2 day trend. Sanj of course they will change the time of the reversal bar day to day, thats why reversal bar has to also be at numbers.
Hello bruv you are so right. Wed in the eurusd 3 perfect pushes into the high of day from europe , mkt dumps to low of the asian range bit when the 1330 candle completes their intentions are clear. They blow through the 3 pushes and put in a high at 125 which then turns out to be a good sell. But if you took profits after the pin hammer at 1330 you were golden and then sitting on a profit you could use to sell after the high at 125
Sanj that just summed everything up! Happy holidays mate! I hope you have a great break and look forward to chatting in the new year! All the BEST!
@@StaceyBurkeTrading you too bruv , merry xmas
I love your dry board I think its the greatest thing ever for teaching purposes, you are in the money all the the time, I cant have enough of your teachings, sometimes I feel I need to pay for your content, wow this video has a lot cookies and so much value. Stacey stay healthy and active. thank you very much for sharing.
Thank YOU Elvin! I appreciate the feedback! I hope you are well and safe also!
Hi does anyone know where i can find a session time indicator for Ctrader platform please ?
(Tokyo, London, New York)
I have been using an indicator on MT4 called initial balance, it's quite good,, you can set all kinds of levels on it. Might be worth a play with.
Can you share that indicator? I saw its the paid one.
Great lesson
Good to hear from you Luche! Cheers!
@@StaceyBurkeTrading Thanks, you too! Cheers!
The smart money is consolidations.
Hi Stacey, out of the topic, what does "TBTFW" means?
The Board is Great
On yr 1st chart example at very high of the day perfect pin hammer and then outsized shift strong close bar down, boom your in on a break of that bar lower.......too easy
The GOAT
Takes one to know one Deadlift! 😊 Thank you!
Why won't they like your white board? It's clear and good writing! lol
Cheers Profit! :D
Did you call it the death candle? Kindly expound because i think i saw the same thing on GBPUSA new york but was scared trading it
The GOAT imho, nice guy also!
😊 I appreciate that SJW! You are too! Thank you!
I wish I can put you in my pocket!! well t.A say I did because of RUclips thanks man you gave me confidence just trying to understand this have made me a better trader
Look up into Arthur Merrill's M & W patterns. These patterns are the foundation of any move and create the price movement structure. Martin Pring stated in a video a while back that every reversal is formed with a Head & Shoulders or inverse H&S pattern. There are many variations to these H&S patterns. Very true. Pay attention to the time frame you're trading. Also study The Law Of Charts by Joe Ross. BTW very good lesson on using multiple time frames. Thank you.
Awesome info thanks for sharing SSunkite! I appreciate your feedback! Cheers
I dont know what to say...but you add some serious value.stacey
Cheers Constantin. I appreciate the feedback!
@@StaceyBurkeTrading sorry one question, isnt this market maker rhytm similar to taylor trading use by linda raschke?
Hi Constantin, sorry I can't answer that I'm not familiar with that.
You give the most valuable information out of all the Fx tubers.
You should be charging for this.
Luckily I’ve learned from you free, but for real this info is legit enough to charge for.
Money is not what motivates Stacey, what motivates him in my opinion is to help people.
If Stacey wanted to make money he would leave the knowledge with him.
Once you share it, the wisdom grows.
@@Tevet84 Money motivates most people. Money motivated Stacey to leave the chiropractor practice because it limits his total income ability. He states it in one of his videos.
I’m just saying his knowledge is worth a lot more than most of these Fx RUclipsr’s.
I agree, I don't blame him if he were to charge for this! It's why I am busting my ass studying his videos, because the content is priceless! But you know the man is real because he doesn't charge for it. The money he would make from this will likely not compare to the amount he can take out of the markets each and every day! This is why we know he is legit!! He's amazing!!!
At 22:13 youd be going to bed the next night, lying there staring at the ceiling if that happened, I think we've all been there before, lol
GBPUSD today (Monday) CRAZYYYY!!!! I don't say I've catched every single pip but... A SHIT TON OF IT 😜
Today was the perfect example why you should cancel your Netflix account and start watching Stacey's Channel...
LOL :D Cheers Michael!
Hi... Just wondering if you have created a training course for users to take up?
All the videos are a training course :)
Hi Stacy. You mention the M being formed in the 1st hour then the 2nd hour going back 1 more time. So what confirmation do we need for to take that 1st hour M so we dont miss the move. Cheers
Hi Adibuzz, you may get a peak formation in the first hour and the second leg of the m or w may happen in the middle hour, which is a retest of the extreme. An engulfment on the second retest at the high or low ill typically be my entry. That said they're are variations of that and not suggesting to blindly enter any second push engulfment. The peak formations are signifying that you could be putting a low or high in place for the current session and maybe day.
@@StaceyBurkeTrading appreciate that 👍🏾
👌🏻😍
Hellow Stacey which tool used to measure measured move?
It's just my fib tool with 100% expansions replacing the fib numbers
Its not that hard, just wait for the outsized shift bar for max safety once that bar has been put in place trade a break of that bar
Hi Stacey. Been watching your videos for about a month now and can’t thank you enough for the content. If my question seems obvious please humour me. I understand we aren’t meant to trade agains peak formations. However, just before the 45 minute mark in the video you talk about a peak formation high in please at the beginning of the 12 candle window. But the we proceed to buy into it? I get it’s low and after and engulfment and pin bar, but aren’t we then trading against a peak formation. I’m sure there’s something I must be missing here. Sorry if it’s something obvious haha
All highs and lows are not necessarily the same. Depending on the timing etc. A session peak formation, ie Asia, London, NY, is different from a peak formation high or low that forms mid trend. I hope that makes sense. Remind yourself that each session can be locking in one of the extremes, counter trend peak formations between sessions can be exactly that, especially if we are "inside" of a previous day.
@@StaceyBurkeTrading Thanks for your quick reply. Yes, I do believe that makes sense to me. Let’s see what happens on the charts. Caught the 50+ pip sell out of the London equity hour on GBPJPY earlier. Engulfment, pin hammer, through the 152.000 double zeros down to 151.250 😎
@@StaceyBurkeTrading caught the W at the bottom of the New York session today too with a pin hammer through the 151.500 level for the buy just after the 12 candle window. Good day today 👌
Stacey, at the 41min mark you discuss the GBPUSD. When London session breaks down thru the Asian session to continue the previous trend down why wouldn't you be trading with that trend? The first CT entry makes a space between the bottom of the Asian range and the top of the CT. You have said previously you will often trade the first CT of a momentum move. I know it's down low, at the LOW, and round numbers, but if you look at higher time frames (1hr & 4hr) it looks like a continuation pattern toward the November low is in play. That's trading but how would you discern the difference between what I have described and what happened?
Hi Steve, yes you could already be trading the move down and as price hits the round numbers and starts to have two sided trading, either be taking profits or going to BE or whatever your plan calls for. The other side of that is that if you are not in the move, you are now looking for the possibility of the market putting a low of the day in place and what you need to confirm your thesis for a long trade off the low of the day as it trades into the low and the round numbers, does it continue further down, or is it trading into the low and setting up for an entry, at the end of the timing window.
@@StaceyBurkeTrading Thanks Stacey, appreciate your response. I got caught with the OTF mindset/thesis that it was "likely" going lower and sold low. Thus missed the obvious actual trade higher off the low. Having a mindset that isn't fixed on a previously established thesis but rather completely flexible to impartially analysing the unfolding price action is a constant challenge.
The big thing to remember is that the longer it takes to get to the previous day's low or high, the more likely that once they hit the stops, trigger break out orders, that the reversal is imminent for the hitting the stops in the opposite direction of traders that are in the money!
What do you mean with the hourly ¨rotation¨? i know it is 4 candles but does those 4 candles have some type of special rotation ?
When the 15 minute bars form an hour, four rotation etc other timeframe traders will now be entering into the market, ie new daily highs, lows etc so a move may pick up momentum, trigger new entries, hit stops, reverse etc when other time frame traders enter into the market. (OTF) If other time frame traders are not in the market, typically this may be a non committed market at the time until OTF start to enter the market.
@@StaceyBurkeTrading Thank you very much!
lets get those pips this week... especially Wednesday ;)
You know it Stephen! Great to hear from you! Happy Holidays!
How can I have a phone conversation?
In some of your videos you sometimes say that for the current day they( MRKET MAKER) have to set a new hi and low, for the stop hunt to be valid, I am a bit confused about when yesterday's Hi and low are not taken into account for a trade, (Sometimes you WOULD say, it's not a trade yet, they are just setting the Hi or Low when we do have yesterday's uh Hi or low.
If you haven't taken out yesterday's high or low it is still an inside day. Other time frame traders are not in the market yet until they are triggered, ie 1 hour, 4 hour, daily etc. If that is the case the market is either trending towards one side (yesterday's high or low) and you want to stay with direction if you do indeed enter a trade, selling high in a down trend or buying low in an uptrend. Or it is a range bound market and you need to work from the current day's high and low.
What's up ever one I'm still here
Fuck em Stacey I love the white board and they way you explain your theory. No need for fancy explanations and words youl need a dictionary to understand. Keep it simple 👌
I love watching greg secker flying helicopters trading over London, what a joke.
Lol :D
If I see him fuck covid I want a hug 🤣
Hey stacey can you start an only fans where you show live trades and more insight? A d one more thing, TALK TO EM STACEY!!!😂🤣😂🤣