Master The ATR Indicator (Most Useful Indicator On The PLANET!)
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- Опубликовано: 6 апр 2020
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Plz help.... I find this to be EXTEMELY helpful thanks! However for some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
ATR indicator is also best when it comes to hedge trading, i just take a comparison on my trades
I just got stopped out on two trades today, so I went back and changed the stop to include ATR, and sure enough both trades would've worked out! Wish I'd watched this sooner!
For some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
@@thecryptogauntlet1569 just activate indicator values in your chart settings
I love to see videos like this because what they don't tell you is that once your stop is placed in the market it's sitting there at a level that is known, so the price that you want to sell to stop the loss is known by the computers and buy everyone else in the market and when you enter a position and your take profit and your stop loss are entered with the trade you are seen by the algorithm it can notice that someone just bought and placed a stop and wherever you placed it and it is incentivized to come and get that order, so you can look back and look at your trades and see that they would have worked that you had a ATR stop loss in but if you had done it in real time the algorithm would have seen exactly where you put that order and it most likely would have came and got it also.
That's why after you try to implement videos like this it doesn't work
@@jeramykennedy6813 i agree with this to an extent stop hunting does happen, but mainly on Lower timeframes 5 min and 1 min especially, but if you enter the trade after confirmation and wait one more candle the likely hood decreases if its a good entry especially if its on the last pull back before getting back into a trend then its too much effort to drop the price or pump the price to get all the stops so if you have 2x ATR stop and 1% risk yes your reward will be less but risk will as well. As long as you build a good strategy with an edge you can beat stop hunters in real time 😉
@@davidmacdonald7235 yes but I also will try it multiple times and you're right , on that last gasp you're gonna catch that huge move. And all the little ones made it worth it
Wow. I am so Impressed! I am from a Spanish country and what a blessing to know English and learn from a guy like Steven. i will devour all the knowledge on this channel.
I’ve watched like 10 videos on ATR and this is the only one that actually made sense
Did you watch the one from no nonsense forex channel? Also watch his video on big banks.
I know right lolol. Legit only one that explained it with English words. 😂
@@Numecka0 his is also pretty good
I tried learning this from 4 different other RUclips videos, and i gave up and just came back to the Trading Channel. You make is EASY to understand. Thank you!! :)
How is your progress now??
Steve, you are one of my favorite RUclips forex mentors.. I get a lot of valuable knowledge always.. you are so sincere honest enthusiastic energetic forex teacher. I’m so glad I tried pro Trader reports that was incredibly helpful! Please keep up the good work and bless you always!
Hi, I'm an airline pilot and I really like your well structured education video. I bough countless of classes online and I didn't find videos with such real proper value such as yours.. Big thanks, now I'm not being stop out of a trade as I use to. Keep up the good work and you can count me in as an active follower ! cheers
Dude I just used this strategy to take to trades on a demo account (not back testing) real life data and two of does trades were wins, honestly this is the first time am getting in a trade because I believe it would go up or Down, thanks slot man you just made my day 😊
I m very impressed by the energy you put in your videos. Very well explained and truly you are saving money to a LOT of people.
I am a beginner and so far this is the best lesson I have ever come across. You are good at explaining bro👊👊
Thumbs
i watched this video & the lightbulb came on! i used to use point & figure charts, and always was drawn to ATR scale because that scale is objective. every other scale is subjective & it's the scale that determines buy/sell signals. now i'm back to candles, & it was the stop placement that caught my eye. i've been trading for quite a while with moderate to not much success. and when i saw "this is where rookies place their stops" & "this is where pro's place their stops" that the lightbulb came on. thanks for this
Don't usually comment, but this has to be the best teaching on ATR I have found. Thanks!
Such a great teacher! Thanks for all your hard work on these videos.
As someone whos is starting to learn about trading...this video is very comprehensible, took a few watches but the information is very solid and precise,thank you
Love your work so much bruh. This thanksgiving, am thankful for trader like you giving back to the community.
i have watched a bunch of trading videos but your way of talking is so understandable.... thank you
At last Clarity! Thank you. This is a really helpful Explanation for ATR and how to apply it.
Happened to me too , and not once.
After starting to use the indicator , I saw that was just the gap i needed in order to land the previous deals that haven’t worked out.
Thank you man :)
the best forex channel on youtube...all you have to do is backtest the raw strategies in this channel and come up with your own complete strategy based on your results
You are an awesome mentor! Thank you so much for all of your very informative videos. They are all greatly appreciated.
Thank you, your the best. I’ve looked so far everywhere for someone to explain this ATR to my understanding. Your teaching is like an elementary easy to sync.
Other traders, explain it and I appreciate it but it’s trash teaching because how come I understood your so easy and theirs made me feel like I was useless.
Very helpful. I just was setting stop on last low low of low time frame - atr and waiting another candle (Elder). Now I set the same on low frame when it is time to sell, (when momentum is weak on middle frame) and pillow on previous low - atr of previous of low frame buy candle. That gives a second change. Great idea.. Thanx a lot.
Please carry on doing the videos you do, I have learnt more in the past hour than the past 2 years, your a ledge, from London
I have been following your channel for sometime sir and I feel comfortable and easy to understand. I may have problems for now trading more loss but me watching and applying this what I learn may have positive outcome. thank so much.
Man You are amazing instructor you must be the 1st on youtube good luck bro
That crazy, you are very generous sharing this knowledge, i’ll be sure to pay it forward
Man you are killing it with this strategy. I think this was one of the critical part which I was iessing for this strategy to work. Thank you I will work on back testing it. This video is worth a lot. The potential with this strategy is great.
this video is pure gold!! like every other in your channel 🏆🏅
Thank you so much !! waiting for the next video for the full strategy !
This channel is a masterpiece
Indee it is
I have watched most of your videos,their really amazing n helpful thanks
Thanks for this tip, i was always putting a stop above previous structure or a 20 to 30pip range, always got stopped out. Thanks
My brother... Your advice is gold. Appreciate you
still developping my strategy and had this video on the back burner just to make sure all my notes were right, super good information, may take a couple reruns to get it but its beyond absolutely vital
Update
Just got to start understanding the ATR in this video so I can finally have a real working strategy. Thank you
I saw this lesson 3 days ago and I had immediately put my stoplosses accordingly. Today BTC dropped 10% and recovered a big part of the dump in 30 minutes which normally would've totally stoplossed me out on most of my trades with BTC/alts pair (alts moved even harder). But thanks to this lesson I kept 90% my positions which are back within normal now :D Thanks Steven!
This guy is a true g as soon as im finishing the playlist im buying that formation
Thank you Sir. This will be one of the holy grails to take me higher in my tradings. setting my Stop Loss level has always been a mistery for me. I don't even set it as I'm always stopped out with or without it
Thank you for giving us these golden nuggets! Appreciated.
this is it, this is the video i needed, tnx so much steve
Thanks Steven , I always watch your videos.
Sir , I'm thankful That I have Found you on RUclips To Get the Chance to Change my Life with My basic needs For my family. And yes I hope my trading Journey will be Grateful, now I'm able to Learn and make strategies by my own self Through the Knowledge and experience I learnt from your RUclips channel , your Intro/Theme. Song Is my Morning alarm Ringtone That gives me motivation In every Starting of my day. Thank Your Very much For All Your Videos and for everything that you think for us , Stay Bless sir .
Thank you Steven for all you do and share!
this was great for beginners. so if we day, swing or option trade we can use this atr indicator all we have to do is go to the entry and measure pips then use that amount above or below on the previous candle to get the stop loss.
"on the PLANET!" haha! The title made me smile! Love your videos, they're always so educational, I've learned so much thanks to you!
dope that you actually care about people bro. thank you
Absolutely agree. The ATR indicator is the best (and only) indicator I use.
Great video buddy! this closes the gap I had for a couple of months....
this is definitely where my problem lies in where to put my sl. I also like that ATR strategy, I'll keep testing it. Thanks
Very informative. Thank you Steven.
you are really honest, i like how you hid the atr at 0:36
Thank you sir! Just what I needed !🙏🏽
What an Amazing explanation! Thank you so much
Hey. I am a new subscriber and I have already watched most of your videos. I just had to let you know, they are very effective and useful. Thank you.
thank you steve for all what you do
this was very helpful thank you, you explain it so good I love watching your videos great knowledge
Just watched the first 75 seconds and you got me.
Thumbs up ... excited to see the rest of the video :-)
I love your teaching. I have been fellow your videos.
The reason why you get stopped out is that market makers have a very good idea of where all the stop-loss orders have been placed, so they'll push the market in that direction by placing huge orders and once those stop-loss orders are triggered they will flip 180 and reap the profits.
excatly
That's why you should trade w them
This is educational
10:12
To simplify things, right now I'm using 7*ATR because I find it gets the stop loss below or above most highs/lows in the range/trend.
Thank you The Trading God. Respect from India.
Hi Steven, thank you for your free content its really help me so much. I hope that you will make a content about trailing stop next time.
I vote for trailing stop video... or it is for beginners only?
Great information! thanks for sharing
This is incredibly intelligent. I had to rewind and re-watch several times to wrap my brain around the concept. Have known ATR is vitally important since studying Richard Dennis and the Turtles via Covel, but this reveals some of the mystery around how to actually use it! Thanks
Can you help me?
your videos are dope man,and that free trading strategy you you gave I'm gonna use it to make profit and join the EAP training program............but thanks for the free tutorials,you really changing lives
Blessed to receive this knowledge!🙏🏿🙏🏿
Very Helpful and organized strategy we have here. Praise God for your life brother Steven ;)
Great and awesome info. Congrats!
Stephen, I have been following your channel for a while now and have been absorbing your wisdom sir. this week so far following your strategies and risk management systems, I am having my most profitable week ever ( well aware that this could change at any moment but you get the point haha ), my account has gained just under 20% this week alone. Thank you so much for all the free resources you give and I will definitely be joining the EAP in the near future as I believe my journey as a trader could be greatly improved by doing so. Thanks again!
Do you trade on Forex or stocks/etfs?
How you doing now after 3 years ?
@@DavidGonzalez-ii4zz Hi David,
Thanks for checking in. I have quit my job to trade full time. I no longer trade in the higher time frames like Stephen did/does ( 4Hr with analysis on the 1D ) and I no longer trade Forex. I now am more of a scalp trader trading on the 5min chart with analysis on 30m and 4Hr ) because I found it suited my personality more and I only trade Bitcoin. I still use so much of what Stephen taught me mainly with candle patterns and support and resistance zones. My first ever profitable week of trading was using his rules. I’ll never forget what a good feeling that was. It was the first time I had made money strictly following a rules based system.
Trading is so much more than just having a brokerage account with money in it and a system. Half the battle is not placing random trades out of boredom and revenge trading ( or so it was for me lol ). It is not a get rich quick scheme or something you can learn in a day. But if you really have passion for it and put the work in like I can proudly say I did you will come out on top. There was never any option for me. A world where I wasn’t going to be a trader was one I didn’t want to live in. There has to be no other option in your head, or else you will fail and give up. I came across trading when I was 16 and I didn’t become a profitable trader until I was 22. That’s the same time it would take you to become a doctor. You wouldn’t expect to be a good doctor if you did a 2 week online course and it’s no different with trading even though you might not understand this atm. Some people I have heard pick it up much quicker!
If I was to give you advice it would be 5 things
1) write out your strategy
2) follow your strategy to a tee with no exceptions
3) do NOT revenge trade ( it will never end well )
4) do not gamble trade ( this goes back to 2)
5) don’t lose too much money on the learning curve ( like I did lol )
Best of luck soldier!
Incredible presentation of ATR
thanks for a cler, informative and indepth analysis of this indicator
Very innovative concept. Thank you sir for sharing this with us.
You are God Sent! I just wish I could afford your EAP program 😞I need to trade full time. This pandemic has hit hard. Many Thanks
I have this problem more than anything. If it wasn't for being stopped out I would win a higher % of trades. Thanks for this video!
TTC is the Picasso when it comes to trading info. Periodt
Great instructional video!!
Really helpful for trade setup, thank you
Big up Steven, respect mate
Thank you, thank you and thank you. This just saved my life, a few minutes ago ... usually I just set SL at -300 or -30 ... this time I looked at the bottom and then minus the ATR before buying ... and it really helped me not getting wiped out like the past 3 weeks. Profit made within that spilt second .... thanks so and so and and so much.
Sooo true this is why the reasons I have a lot of loses i just started a month ago ang I'm still doing research in reading charts, thank you
The Research will never Stop Trust me on that Mate, even If everything ist fully automated you still need to Research new Strategies to deploy and tweek or cancel your old ones.
in 5 years time you "might" be profitable
@@malthus101 5 years? I’m profitable after 12 months of demo then going straight into live
@@patricktate4782 then you must be a genius 🤓
@@malthus101 ftmo win rate 100% because I’m patient and know what I am doing
Good stuff, thanks for detailed explanation.
This guy is the real MVP in 2020!!
Thanks a lot for sharing the great knowledge Steven. One thing which confusing me as to which time frame will be the most suitable to strike out the false breakout candle. Waiting for your next video eagerly.
Thank you so much sir for this awesome and pretty useful video.
Man .... you are the best !!! Thank you
Thanks for sharing this!
gem of a video
I can say your videos are really good and well explained. I have subscribed to your channel since the first video I watched. The basic course is good to start a very organized way to trade with a very simple strategy. It always depends on each person and time you can dedicate to this activity. Thanks
Your work is perfect
👏👏👏👏👏👏👏
What seems to be fake brake out on 30min chart, is usually not a fake break out on 15min,1h and 4h (doesn't meet a "between 1 and 2 ATR" rule). So as always, you can see whatever you want on the chart. You want it to be fake break out, you will find a way to support it. If you don't want it to be fake break out, you will find a "right" time frame as well. And market will do whatever it wants anyway despite your drawings and measurings.
Thank you very much. Great teacher.
Excellent explanation. Well done
Amazing content, thank you 👍
Using your education I made stable profit. Thank you so much!
I wish people would show their strategies live. You can make any strategy or indicator work with back testing, but its different live.
@@Nahlya No it isn't. Not the same at all. You clearly don't trade. I can take any bad strategy in the world and make it work with back testing if I pick and choose what time period I am looking at.
@@Nahlya most ridiculous response ever hahahahaah
@@Nahlya you definitely don’t trade lmao
Learned a lots thanks mate 👍
Thanks for the video, very helpful 👍
Thanks for the great content!
Man this is stuff that other so called professional traders sell for hundreds of dollars.. Buh you are offering it for totally free.
God bless you man
Proud to call you my mentor
Dude.. The ATr was developed donkey years ago and comes free on every charting package on the planet. Buy the book, technical analays of markets by John Murphy for 5 bucks...
very informative as always