SIMPLE FOREX TRADING STRATEGY - UNDERSTANDING THE "BOX"
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- Опубликовано: 26 июн 2020
- LEARN TO TRADE WITH THE BANKS AND THE SMART MONEY
SIMPLE FOREX TRADING STRATEGY - UNDERSTANDING THE "BOX"
✅ Best Trade Setups Playbook⭐⭐⭐⭐⭐➤ stacey-burke-trading.thinkifi...
My experience with day trading, stop loss hunting and smart money manipulation.
• How to improve your trading performance by avoiding stop loss hunting
• Key rules to avoid being a victim to stop loss manipulation and how to anticipate stop loss hunting practices
• How to think like a professional trader (and how to ditch the retail trader mentality)
• How to make money day trading and swing trading by understanding liquidity trading
• How to identify the Best Trading Setups
• The truth about smart money manipulation
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✅ For more on trading check out:
Trading Commodity Futures with Classical Chart Patterns - Peter Brandt -www.amazon.com/gp/product/096...
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
One Good Trade: Inside the Highly Competitive World of Proprietary Trading...tinyurl.com/vl7k2wt
Technical Analysis and Stock Market Profits ... Richard Schabacker ... shorturl.at/joPT3
✅ MT4 Indicators
Free isessions indicator: can be downloaded here. www.mql5.com/en/code/7753
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Prior Day Close - indicator for MetaTrader 4: www.mql5.com/en/code/10553
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I have to use Google Translate every time I watch one of Stacey Burke's videos because every time he speaks *GOLD* comes from his mouth!!! It's all starting to come together now
LOL! :D Cheers ChR! Thanks for the feedback!
I never knew trading could be this simple. Thank you sir!
That's the goal Chijioke! Keep it simple!
I have been studying your video’s and they are the best! Thanks Stacey!!
Lifetime of learning from Mr. Burke!
Stecey sir, I no longer watch any other RUclips channel on forex because I've got to master this craft.
Thank you Stacey.it makes sense along with the numbers and timings
Thanks Stacey. The BOX gets clearer with each vid. Great work SB! Thank you
You are so welcome Patrick!
Stacey I simply I love following the journey of your videos!
Thank you so much Joseph! I appreciate your feedback!
Thank you Stacey
Hi Stacey...you are the best..!!!...I've learnt a lot from your basic system..& start to show very very good results in my recent live trade ...& very profitable....now my challenge is how to be patience....always looking forward for your always utmost best guidance...take care & stay healthy
Damn, damn damn damn, bro! My trading took a positive turn after watching this video. Was using way too many indicators, thanks so much for posting 🙏
Thanks for the feedback Reza! Glad it's helping! Cheers
Apparently Roddy Rich wrote the song after speaking to Stacey 🙌
Hi Stacey, very nice video, thanks,
woah.. this video is insanely powerful
Cheers Koebe!
Thank you sir
Ha ha I spent all my Saturday learning from your videos and taking notes.... great stuffs. Thanks
Thanks Cherie! Try and enjoy your Saturday though 🙂
The pattern , The pattern, The Pattern , Cheers Stacey
You got it Chandana!
This might sound stupid, but here I go. In previous clips, you talked about traders in profit and how the market inevitably will go after them. if I may reverse engineer the "box" by 1) look for those traders 2) follow the box and price action headed towards those traders and 3) depending on price action either reverse from: whole numbers box, timing or continue the trend. what is flawed in my thinking. or how is it different than your approach? Much appreciated. Thank you
You're spot on Louai!
Another excellent video - With non perfect vision I struggle to see the detail on your chart reviews - lines of 50's, 00's, where you mark engulfings etc.
How's progress on upgrading the resolution of your charts?
Thank you Stacey. This clarifies the 50pip lens you're visualizing on the charts to frame the price action. What is the Level 3 you were referring to?
Great summary - but I crave detail! - during one of your future chart reviews could you please clarify what you define
as an engulfing candle and bull hammers - do they have to engulf entire previous candle or just body (not wick) etc., what defines a true bull hammer in your view.
Bro, trading exact candle patterns the same way every time is a trap!!! They are meant as indicators. Use discretion. Think highs and lows and hitting stops, then possible reversal. Happy trading.
Bro, trading exact candle patterns the same way every time is a trap!!! They are meant as indicators. Use discretion. Think highs and lows and hitting stops, then possible reversal. Happy trading.
omg thank you for this,. i just realized why i keep loosing. . god dam i wish i saw this from the start
Stacey are you able to share how accurate you have become with your trading using your strategy? Seems like it would be a relatively high percentage by the way you describe it. Thx for all the great info. Also for ppl like myself who are only able to trade during the New York Session, im assuming we would just take all the principles and apply them only to that session and aim for those 50 pips?
Thank you for the lessons. Im new here, is the charts in 15min timeframe? So 12bars are 3hrs?
Keep in MIND: 3:12, 10:30, 17:07, 18:24, 24:50, 29:40, 30:50, 32:20, 35:54, 38:03,
Thank you so much Stacey for your training. Can we use this on indices US 30 & Gold? They tend to trend?
Didn't he just say on any instrument. Dam
@@BTMMHACK lol ayyy
we appreciate what you do! could you show on screen what you mean on whiteboard.
Thank you Stacey for all that you do..when you refer to the '12 candles', are you referring to the 15 minute time frame, & do you recommend using the 15m time frame for trading?
Yes he means 15mn tf
15 Minute Mark! Thanks for your feedback!
Stacey, do you trade / join in on the stop hunts (given that they move fast and strongly), knowing that they would take out 1-2 levels from previous sessions. Or, do you primarily enter after stop-hunts. Or, do you look for both setups and why?
what i dont understand are timings and round numbers but everything else is great but those 2 are most important to make it. help thanks
What are the times of your boxes? are they M15 candles?
What about BO, and continuation without PB? It often happens at start of European.
When u say breakout and pullback, is it the 00 and 50 box it breaks out of or is it high and low of the day box?
Can be both Hej, HOD and LOD take precedent, but they may not break a high or low before reversing, but typically the round numbers are the levels they are trading off of and to.
Which episode explain 12 candle window? Can someone give me the link of the episode please
Ahhh shooot I’m starting to get it fr but I gotta buy the playbook
Is the play book more detailed than all of these videos uploaded? What’s in there?
Get the playbook - almost the same content, but it is structured and organized in a step by step framework - also 100s of pages of example trades.
@@jimiclaptoncarl18 sweet! Thank you I appreciate you. Gonna get it this month probably. Can’t afford not to lol
@@freeyourmind4349 it's a MUST!!
Stacey, if the Pin Hammer appears on candle 2 or 3 of the 12 Candle Window can we still take the trade?
Yes of course as long as it fulfils your criteria for a trade setup Im.
Stacey as I go back and watch these older videos, i cant help but think your trading mindset has shifted since 2 years ago. I feel like whats the point of going to battle everyday for 50 pips even if your prepared, when you can just snipe 200 pip trades with size twice a week? Am i right in thinking this?
You've got it Niche. There are session scalps, and there are Day 3 parabolics. $ize the best, scalp the rest. Once you see it, you can't unsee it!
quick question Is a 1 bar stoploss placed at the high of the candle we enter? or the high or low of the current session
Pretty much but as a general rule I will put in my hard stop automatically then adjust it if it's smaller and I'm confident that the high or low should be in place. Ie hard stop approximately 20-25 pips roughly max depending on the pair and the spread. Does this make sense Marcus?
Stacey Burke Trading yeah that makes sense! Thanks for all of this VERY important information. You’re seriously underrated and me helped fix the little bugs in my trading. Can’t thank you enough.
can you apply this to all markets. the furtures markets for example?
Pretty much all the markets are the same. High and low of the day...timings
so the box is drawn through the price's OO's and 50's.....am i right?
This may sound like a strange question..but how do pivot points factor into these moves, im jist starting to factor these in and searching knowledge on what they are and what creates them as it seems im buying around these and getting hit with reversals and stop outs..
Anchor points / peak formations forming at ( candle timing eg 4hr and volume accumulation points ie stop accumulation areas?)
Ie its 23:23 mon 17 jun 24 united kingdom time gmt+1 and xauusd has just opned the 4hr candle 30 mins before asai opens and has halted just under the weekly pivot point and it wicked between .70 and .80 through the weekly pivot point.
No idea. I know nothing about pivot points. I trade instruments that setup into easy money making trade setups.
@@StaceyBurkeTrading im sure your saying something without saying it in that response I just haven't figured out what yet..? I'm on the markets all day everyday observing the movement experimenting with a demo large lot and live small lot and building neural/ visual references to the verbage you use to describe the processes you implement.. its like learning a new language altogether.
He’s saying he doesn’t know what they are and he doesn’t care what they are. Don’t waste your time with them.
Is the 100 pip box drawn off yesterday high and low. I’m confused Stacey.
what is gap time ?
The 3 hours in between the 12 candle windows Max.
Sir How to start drawing 50 pip box
Hi Mohamed, check this video out for chart setup ruclips.net/video/B7oWzpY2o1w/видео.html
12 bars of which time frame
15 minute
You should put a disclaimer at the start of your videos, "The late comers hindsight is the early starters foresight".
Anybody who looks at this hour long video and declares it to be hindsight has not actually done any practicing and therefore they have no valuable opinion and will just be ignored. 😆
They're moving it always
G'day MALIK! :D
@@StaceyBurkeTrading good day Stacey I've quitt taking Garbage
Can we talk on phone Sir. I am from Italy. Thanks Sir
sorry man but you are wrong there is no stop hunt if you understand market flow you know price is looking for liquidity simple like that
Awesome! That's whats great about the markets...you can trade your beliefs!
That's the same thing isn't it?
This is the video i was looking for. thanks SB.🤓
When will you become my mentor?
thank you very much Sir
So nice of you Data! Thank YOU!