Trading Buy Set-Ups: How to Break Down a Pattern Properly
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- Опубликовано: 12 дек 2024
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Most people only look at the 'basic's' of a chart. You really need to look deeper to get more accurate entries. This will make your trading more profitable because you won't take some of the bad trades you used to take which will ultimately make your winners more impactful!
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Jared, I have taken so many programs including a prop firm training and no one has EVER, EVER HAS EXPLAINED AND DISSECT a chart like the way you do!!!! Thanks a million, Jared!!!!
I really appreciate the passion and energy you put into explaining things. Its very motivating. Thanks
As usual, the best training ever! Thank you sir....wow....I watched it 3 times already, will be watching this a few times more to let it soak in...that's how valuable your lectures are man.....
I’ve spent the last month diving into learning content, including your channel. This specific video has taught me more than any of the others. While it does require some very basic terminology familiarity; the thorough breakdowns of examples, questions with pauses, and direct uploads of live traders sessions really helps drill in the points via QandA. I really appreciate this video thank you
This is the foundation of trading. If you understand why the candles are formed you will have expenitial wins.
Great job Jared. My recommendation for any trader is to watch more of these type videos until it clicks for you and you understand the candle. This has taken the stress out of trading for me. Let's make some money!
Agree! I am new and have watched this one three times!
I bought into SHLL for 200 shares at 46.69 without a stop because my safety net is I will hold this for a few years no problem. Then it immediately dropped and did a two point landing and I said to myself... self, you just saw this chart on a training video this morning. So now watching it again while I’m climbing back to a $50 resistance. This could be a good day. Love this channel.
You are my idol! I love your videos, ( i have watched about ten so far) I have increased my earnings (buying smaller quantities of shares) and have a higher success on picking good trades. I started watching your videos on pre market set ups. I had been noticing the paterns a few months ago and had no idea on why they were happening. That coupled with your explanation of three bar plays is absolute gold! I get it now whereas i have watched a few others explaining it and never understood what they were trying to teach. My only negative comment is it takes to long to get to the point. Meaning i could skip ahead 4 minutes to get to the good stuff on most of the videos. I do understand what you are conveying with “when will the madness stop” I just wish that segment was cut down to a minute tops. Keep up the great work!
Really appreciate how you broke it down & challenged us to identify a good trade from a bad trade. Me being a beginner I had no idea of what i was looking for other than an upward momentum. I am now subscribed , thanks.
Let’s go!! Lecture time. It’s 2024 and this material is still the gold standard!!! Jared you the man!!!
You sum it up perfectly in the beginning. This is a very hard business. I have spent a year absolutely obsessed with figuring out how to trade price action. I am just now becoming comfortable with what I see happening during the trading day, and I am now beginning to make money. I had two other starts into this, and I realized I wasn't ready both times, donated some money to the ES market, and went back and learned more. This isn't easy nor is it easy money....you will earn every dollar. Thanks for your videos. Jared. They're gold.
Too many people selling trading strategies but most of are making many selling those garbage strategies! You are one of those trust! Thank you for your videos
I like how much you call me an idiot. It makes me learn better, I won't ever forget my stops!
Before this video I was reading charts like in black and white, now I see colors and full 4k. How amazing. Thanks God I learned English to understand everything you said. Thank you, got a new subscriber.
great lecture Jared
"we are here not to trade but to make money"
"missed money is better than lost money"
Interesting timing on this one, because today I was seeing opportunities then not executing, but it's because I have this mindset, and it needs tweaking. It's just a stage. I trade scared, and you know some days, I just feel different. Lots of people have the exact same emotions every day, I'm an older woman, and well even when I was younger, I experience a different emotional landscape daily. It's good to remember, our job is to stay out of trades, mostly,. We get in when it's "sure" (disclaimer, nothing is ever sure but we all know what we mean by this.).
Well said...
A thousand mighty thanks to you Jared, Sir. I saw your lecture on the three bar play, and took a trade on LAIX, on the weekly chart a few days ago, and it exploded up to 80%. Wasn’t sure how to identify them before; but definitely can identify them now. Be blessed Brother.
Nice!! Glad I could help!
Live Traders Yes Sir
How can anyone give this guy a thumbs down? He's giving everyone the gold in these videos.
Thanks!! There will always be someone...it is what it is. Cheers!
I know he's always trying to stop newbies like me from damaging my account solid dude I mean that !!! He's easy to listen to and trying to help us how can you give a thumbs down love this guy period
thats what l was thinkin 2
I just watched this one again, printed out the chart that you used and marked it up. I am embarrassed to say that trades like Trade #5 have cost me a lot of money in the past. Now that I can see exactly why they almost always fail, I will know to leave them alone in the future. Thank you, Jared!
"How can anyone give this guy a thumbs down?" Ummmm... I rolled my track ball so that my cursor was over the thumbs down button, then I left clicked. Seriously, it wasn't that hard. Can you not do it?
Joking I like video.
:)
TBH, you are the best online stock mentor!
Crucial seldom-mentioned advice--find the reason not to trade before pushing the buy button!
So far watched 15 videos of 1h of live traders. This is the best info you can find on youtube for stocktraders.Thanks Jared for your videos, i am learning every day!
Finest and most complete explanation on trading pullbacks anywhere. Pure platinum. Thanks as always Jared.
Every way you analyzed this chart is on point. Analytical is not emotional and with no ego like a lot of what I've seen so far
Great Jared - hats off for you. "we are not here to take trades but we are here to make money."
Love the no bs teaching style. Ive been watching loads of your lectures and massively greatful
Thanks, appreciate it!
Awesome lesson. I watched it last night, and I applied it today. Scanning for a buy set up, found one. Looks good, I've got buy signals. Then I applied my new insight (thank you) and i looked for reasons to NOT get in. They were there (heavy resistance, shallow pull-back) so now i have to wait...and while waiting price broke down. Whew! That was close. I applied this to the next set-up I found, and it happened again. Two trades that i would have drawn on, and lost on, were two trades that made no sense to buy when applying this line of thinking. Like I said, awesome lesson, thank you.
Awesome, glad to hear it!
Best teacher ever. Even my university professors were almost crap.
Thanks, appreciate it!
Money is the byproduct of being good at trading. Not so much the reason when full understood.. The goal is to expand your knowledge and expertise to a point where the byproduct of being fucking amazing at your craft is that money comes as the by product.
When money is the goal.. That's where you get fomo/novice emotional investing because they see the dollar number up or down.
Love the videos! By far the best and most detailed in depth no bullshit teachers out there!!!
Jared is good. All I need to know about the stockmarket. Clear , easy to follow video's ! NO BULL !
I needed this one. I've learned a lot but there are lots of moving parts to taking good trades and I don't yet have enough that is automatically recognizable without having to think about it. I will get there, taking my time. $10 trades. I will last until I do. No account blow up here.
Glad to hear it!
Your videos are incredible, and way of teaching is ideal. Repeating important concepts, never annoying. This is my favorite trading education channel I have found. I appreciate your passion, and I am eating this stuff up!
MAN , VERY VERY THANK YOU FOR GUIDING NOVICE TRADERS LIKE ME OUT OF THE RABBIT HOLE WHICH I WAS DIGGING FOR MYSELF I HAVE JUST TURNED 21 YEARS OLD AND THINK THAT UNDER YOUR GUIDANCE I WOULD BE ABLE TO BECOME A GOOD TRADER JUST LIKE YOU. LOVE FROM INDIA.
Sure np! Glad you enjoyed it!
I appreciate you taking time out of your day to help others out with quality content.
Thanks, appreciate it!
*I checked back on this video as one of the charts on a crypto trade I got my eyes on has followed a similar pattern to this and wanted to revisit Professor Jared's theory to make sure I'm taking the right decision.*
2nd and 3rd good . 1.Both higher lows after downtrend trendline break. 2.Both 2nd and 3rd retracements supported by confluence of both moving average and uptrend trendline drawn. 3. Double bottoms have a 70% + success rate.
This is a plug for Jared and Anmol... Live Traders, and what they're all about. I am going to copy and paste this comment to every video I watch henceforth.
In trying to educate myself over the years to be a trader I have literally spent thousands, and thousands, AND THOUSANDS of dollars, and put in hundreds, upon hundreds, UPON HUNDREDS of hours of study.
I have read countless books, watched countless videos, attended countless webinars, and learned countless principles. I’ve bought and tried different services like IBD, Motley Fool, Seeking Alpha, and have been a member of different trading rooms that I won’t mention by name… all with less than helpful outcomes, and some with DISASTROUS outcomes!
But the major problem, I would say, is that so far what I have learned THAT HAS BEEN helpful or valuable I have had to piece together from multiple sources. It's been a jigsaw puzzle to be sure, and I'm still not done.
Live Traders... this channel... these guys... they're covering it all (and more)! There is no doubt in my mind, NO DOUBT, that this is the best teaching I have had yet, by a HUGE margin! THE BEST! The reason? It's extremely comprehensive, and I mean EXTREMELY!
My background: mid 50's entrepreneur who's been married to the same amazing woman for 26 years. We have three beautiful daughters and live in a small town in central Alberta, Canada. We have saved hundreds of thousands of dollars and have a net worth approaching $2.2M. But here's the thing; being in the service industry for as long as we have (we have owned and operated a popular fast food franchise for the last 16 years) is VERY hard and takes a lot out of us.
As such we have been on a search for ways to be able to finally retire from it and enjoy life; traveling with friends, camping, fishing, hiking, skiing... whatever it is we want to do! In order to do that we need to be able to supplement our income, b/c we have no pension (unlike those of you who have have been working for your paycheck and - hopefully - DO have a pension); what we have is what we've saved, so we need to keep money coming in. Our plan has long been to learn trading and get very good at it.
This is the road that has led me here... to Live Traders. I have watched enough vid's now to know I am home. I have a lot more to learn, but I am extremely confident that with their mentorship I am gonna finally finish this puzzle. I am also a member of their chatroom (just joined) and have seen some REALLY good trades called out and even taken one under their watchful eye. Finally, I will be taking the Professional Trading Strategies (PTS) course, after which I'll start trading in the room more, but even then it'll be with a $10 risk to start; the goal is to learn, learn, learn with VERY little risk… the money will follow in time.
It’s taken me 2 hours to write this review/comment, but I wanted to make sure I did it right and communicated effectively!
Thank you Jared and Anmol! THANKYOU!
Wow! Thank you, Coach. Your basic trading knowledge is simple and realistic. For a beginner like me, it is a DYNAMIC WISDOM, the best foundation in the trading business. Sure I will catch and follow your God-given financial education. GOD BLESS YOU AND MORE POWER TO YOUR ADVOCACY! HALLELUJAH!
Glad to hear it! Thanks!
I am from India.. You are really good trainer universe provided... I am Gaining confidence in trading.. I am feeling like professional trader looking into the charts after listening to your valuable lectures.. Love you soooo much. In India we touch feet of you like gurus... Love you soo much..
For anyone honing their trading strategy, this thorough analysis will help no doubt! I appreciated this video by liking and subscribing to this channel.
Also, didn’t like any trade but trade 3. 5 made no sense because I use volume profiles and the volume on that last wide bull bar was extremely low, then the volume spike was indecisive. Says reversal for me. But this man is thorough! Thanks for the vid and hope you all enjoy it and apply something new to your strategy
Never thought it would happen..like seeing my parents sign their name in cursive when your 3 years old and it seems impossible…then you do it…finally understanding this stuff more and more…thanks
This is what I needed! To see a top trader going through and explaining what they are looking for and how they analyze the chart. Thank you so much!
Ty Jared , ive seen this video 5 to 7 times. one of my favs. it keeps me on my toes
This is a nice way to put it.
Instead of looking for reasons to take it, search for reasons not to. That's like dodging every bullet by not getting into a relationship when there's red flags right at the start instead of going into it and regretting you decided to "ignore" said red flags.
Man, you're onto something here.
This is another 5 star master piece. It's digging really deep, just the way one can learn the most. Thanks Jared & Happy Holidays!
Thanks, Happy Holidays !!
Thank you for sharing such quality information online for free! You are definetly one of my online mentors, please keep it up!
Watching this for the first time and couldn't have asked for a better lesson. I'm just getting started as a trader and can take a lot away from this, thank you.
Like so many Live Traders videos, this is one to come back to over and over!
This one brought me a whole new knowledge of where to enter , so far I’ve learned a lot about the three bar play with you , here you talked about other entrances which none of them were the three bar play , more possibilities to make money. I still have a lonnnnnng way to go and learn so I will just stick with the three bar play from now as I keep educating myself on other possible entrances . Again , thank you so much for educating me and everyone in your channel
Jared, your videos are fantastic! These other videos I have watched are like a late night ShamWow! commercial and don't offer any detailed information usable to me. I'm really happy I found your channel!
BEST VIDEO I’VE WATCHED!! This video really answered a lot of questions I had and helped me so much! Thank you for taking the time to really break down these buy set ups and explain them so thoroughly. This video has definitely convinced me that I should purchase PTS. Excellent teaching Jared!
Thanks, I appreciate that!
What a great teacher! Being handsome is a huge bonus. never apologize for the long videos I really enjoy watching you.
I rewatch your videos every few months to refresh, great stuff.
Hey Jared thanks for the lecture. I guess I have become more cautious over the months of watching You and Anmol teach. I was only looking to take the one trade in the middle. Even that was a little outside the box because of the overhead resistance. Thanks again guys see you soon.
Awesome! Glad to hear it!
Charts in hindsight is really decieving. Also i recommend you to trade indices instead of some stocks. Its "easier" to get a better RR on indices.
I wish you had a 100 variations of this same video, I'd watch one a day for the next three months. Great stuff.
Hi, just watch this video. Much appreciated. Good for practice no matter how advanced or not you may be. You are a good teacher, calm and collective. Thanks for helping your fellow traders!!
“Look for reasons NOT to take trades”.
Exactly how I see it, play the game like can can almost do nothing but lose, to find the confidence wherein you know you’ll win.
I really appreciate your efforts, you are giving high-quality lessons, there is nothing comparable on RUclips
Thanks!! Appreciate that!
Had to watch this one twice. Packed with great info. Thank you!
Jared, when looking at breaking the moving average, what time frame would be most useful? 20d, 50d?
Depends on your trading strategy
Best info out here. After having messed around with trading for a year to break even with absolutely no knowledge and recently getting back into it and actually taking time to focus on principles this clarifies so much and is such a nice sanity check.
Hands down these are the best videos out there.
Thanks, I appreciate that!
That was good, T/Y
Dren I agree I have learned so much more without having to judge squeeze plays or other studies.. putting this knowledge towards my options picks.
Another exceptional tutorial! I wish I could hit the like button a thousand times!!
Great analysis man.I have taken many crappy trades like this and lost big time without thinking like what you just showed.Thank You.
Jared, I follow you regularly. You do such a great job in teaching that I could not stop to compliment you. Fantastic!! God bless you!!
Big follow!
I need to watch this a 3 more times cuz you talk the way I want to listen to about trading and I want to make sure I will understand everything
Thanks!
I am used to just trading over the SMA but this put a whole new perspective in my head. turns out I know little about charts!
Wow! So many stupid mistakes I have made before. Great educational videos Jared!
Dear sir, Today I watched this great video and I think I'm very lucky to watch it because it includes lots of great educational information, and all data is realistic and I can use this knowledge to make profits. Thank you very much for helping me to increase my trading career. Also, I want to say that you are the Best Teacher I met online and you are a Great Man. tank you very much!!!
Jared you are a star. Plain and simple.
Would you consider that volume spike to the right "ending" volume signifying a potential end of the uptrend?
I honestly don’t know what I would’ve done had you not been posting these videos about trading on RUclips, looking forward to see if you do any videos on wealth building and investing thanks again my friend!!
Awesome, glad to hear it!
Missed money is better than lost money! Very true!
Which moving average do you use with a Daily chart? Do you use the same moving average for a different time frame? I need your answer, thank you for taking the time to answer
Love the sarcastic end card! Man i think you saved me from that R___ guy.
Keep up the amazing work. your style of trading is exactly what i been developing on my own and its refreshing to see your experience match what im attempting to do. Thank you!
Thanks!!
Just started trading so still in pdt jail so when I can’t trade I make sure I’m studying for the days I can usually study about 10 hours a day I believe it’s only way to succeed. The vwap helps me a lot
Hank Schrader is teaching me day trading. What a time to be alive!
Jared - thank you. The more I understand the better your lectures become lol. Have a great Xmas with the family and safe New Year xx
Thanks, I appreciate it!! You too!
so far for me the best!!!! very detailed information thanks
On trade #3 I would likely take it because the market is trending upward. For me that is a big factor. I completely understand your point about the double top though. In that case I would maybe look for a scalp and not a swing trade.
I am so appreciative of this video. Thank you!
Superb video! My mind is blown from watching videos from this channel! I had to watch this twice just to make a list of a generic buy setup. I'm a new swing trader that traded 3 stocks this week and struck out on all 3. When I reviewed the trades with this list and retracement measuring, they were all F's and one was a "suicide" trade. I haven't even practiced 3BP yet.
Keep it up Jared, your the champ!
Thanx so much Jared-thorough and most informative yet easy to follow!
Thanks, Glad you like it!
Best lectures on the WEB
Thanks I appreciate that!
Question at 30:00 if we had multiple timeframes and the higher Tframe revealed the double top might not be as significant as it appears, would it still carry the same weight in the context of the chart or would you re-assess?
Hard to imagine if the double top is significant on the lower TF that it wouldnt also be significant on the higher TF.
@@Live.Traders hmm yea come to think of it, it would be hard to imagine. I guess the best you can do is consider it and assess the rest of the evidence
Great video, I have watched it three times. Question to folks. With a risk of just a dime or so you would need to buy a lot of shares. For example, 1000 shares would give you a $100R. 5000 shares would give you a $500R. But with this number of shares won't you get slippage? I see there is good volume on the chart so that's a factor too but we never discuss the time frame of the chart so I don't know if that is hourly, 15 minutes, etc.
Thinking the same thing. And the amount of capital you'd need on a 28 dollar stock to do that
The way you broke down the chart... freaking awesome! Jared is a true Legend "Wait-for-it" dary Trading Mentor. My trading God for sure. I am smashing the like and hammering on subscribed bottom. Thanks a million!!!
A double bottom combined with a retracement hammer and confirmation at $27.58... trade #2 is definitely the best. The double top on trade #3 would concern me. Trade #4 has 3 black crows which could have indicated a downtrend.
Hi Jared, your lessons are absolutely gold to me! I've been learning a lot since I discovered your channel, thank you so much for your commitment to helping new traders with these free contents. Greetings from Italy
Loved it Jared. Thank you. I was wrong about one of them but was right on the other four. I would not take the first one because it was under the moving average and the trend, for starters. I would have jumped on No. 2, but would have gotten a little nervous when it pulled back below my entry. I would have been scared of No. 3 because it was below the moving average, and I would not have taken No.'s 4 & 5 at all. So in this lesson I would have left some money on the table it seems, but would not have lost any.
Well done!!!
Thank you so much man , a lot of BS OUTTHERE while you keep it straight to the point and always keeping it real , I’m earning money and learning how to be a professional and trader with you - thank you man
The more I listen to Jared, the more I want him to be my best friend!
I liked the SELL setup after the first initial pullback. Stock is in a downtrend 50% retracement, volume came back on the red candle. Only gripe i have is the moving average.
Again you dont want to trade in a vacuum looking at one time frame chart.
You dont want to trade in a vacuum biased on strictly BUY setups or SELL setups.
If i had to make 1 trade on this chart it would’ve been a sell setup on the first initial pullback at 27.65.
You are surely the best educator on youtube! Thank you sooo much for helping everyone with your awesome videos and vast knowledge.You always mention the moving average in your videos.I know Anmol likes VWAP where you seem to reference the 20EMA if I am not mistaken. Which do you prefer for 1,2,and 5 minute time frames?
I dont use MA's for my trading, only the daily 200ma.
@@Live.Traders thank you for the reply.Every chart in this video has a blue line. Thats the 200ma???
WoW I'm certainly happy to have come across Jared. Great content. This guy actually speaks clearly!
Awesome, glad you enjoyed it!
I have been learning to trade for two+ years now. It has been a brutal learning curve to say the least, but expected as this is a long term game plan. (Like any other career). But What I do want to mention about this video in particular (for me at least) is how it has seriously made me realize that a lot of my entries are technically weak decisions. I have a ton of technical understanding of charts and indicators, software etc. But this video has been BEYOND VALUABLE to me as a second year trader. It reiterates the demand for patience and wise decision making above and beyond just knowing charts, candles and indicators. Regards and thanks.
At 14:05 you said if it's below the trend line, that's a reason not to take the trade. But doesn't that mean the price should correct "to" the trend line, moving upwards in price? I would think that would be a good reason to take the trade. Thx
Nobody teaches the way you do bro. Lots of love and respect for you.
Love from Pakistan ❤️❤️❤️
Thanks I really appreciate it!
11:26 - I'm confused about the pivot targets.
Why isn't the second target not the top wick of the left large bear candle that covers $27.58 to 27.75? That's a pretty big pivot and where sellers last pushed the buyers down hard right?
Then you have the Doji bars on the top left - why wouldn't you mark the first resistance point as say that middle red Doji?
Just curious.
I'l have to go back and look...but I'm 99% certain the targets are correct.
Yes that was painstakingly necessary. Thank you Live Traders
I think it’s amazing/hilarious that you have multiple trading labyrinths. Looking back, can you believe that this is actually happening for you? I can’t believe that I am treating myself.uu
I never really understood retracement levels until you started explaining them. Honestly I guessed the best two trades just looking at the pattern.
my number one would’ve been whenever previous resistance was broken. The most secure trade.Because that’s what I know to look at.
But when you explained pullback and retracement levels, I understood very clearly. Keep on hustling. Love to see the clips of the cars and airplanes. LOL. You’ve worked hard for all of it.
Can you provide some insight on the final minutes before close. There are always spikes in every which way with increased volume. Does the final minute momentum create any signals for buy setup or sell setups into the next day if after hours trading has little movement? I notice with many stocks sometimes the momentum continues into next day and sometimes it just presents as the opposite. Again thanks for all this information and work you put in.
The final minute is a crap shoot and i'd stay away from it. Last minute orders being filled on both the buy and sell side....most of which have nothing to do with the chart, they are simply getting the orders on or off their books for the day.
1st trade is too aggressive. 4th is junk. 5th is suicidal.. I wonder why alot of people jump into aggressive and suicidal moves when it comes to trading. Thank you for the Alpha , Jared. 🧡