Learn To Trade SIMPLE Money Making Day Trading Setups (Why MOST Day Traders FAIL)

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  • Опубликовано: 16 ноя 2024

Комментарии • 131

  • @devaughndonaldson
    @devaughndonaldson Месяц назад +17

    Stacey have a great weekend thank you for all the work you do. It’s been a journey to say the least. I literally only check charts at 9:50ish for setups at 10am. No setup I don’t trade even when I see you post charts I no longer feel like I missed out on those set ups. I took 2 (3session) set ups this week risking 1% made 6 comfortable easy percent and today didn’t even trade to preserve the mental and financial capitol for the weekend. I asked myself why am I even looking for a set up today how much is enough and walked away. I’m forever grateful for your teaching thank you💪🏾

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +2

      Awesome job Devaughn! Love it! 💪 Keep it going! Have a great weekend!

    • @nouveauheightstv2133
      @nouveauheightstv2133 Месяц назад

      Just remember that the third hour reversals can form at anytime during the New York session from 945am to 1045am. I see instruments forming the reversal sometimes as late as 1045am. If you only check the chart at 950am you might be missing a lot.

  • @marc-andreduchesne8022
    @marc-andreduchesne8022 Месяц назад +37

    You should come back on your white board with a science lab coat 🤣

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +10

      😂😂😂😂I love that Marc! Hey! You are supposed to be camping! Happy Birthday Bro!💪

    • @marc-andreduchesne8022
      @marc-andreduchesne8022 Месяц назад +8

      @@StaceyBurkeTrading It's my birthday so I can do what I want LOL. I'm watching your vids religiously! Have a great weekend

    • @MosesMoodley
      @MosesMoodley Месяц назад

      Happy birthday brother have a blessed one

    • @TkProperChels
      @TkProperChels Месяц назад +1

      😂😂😂😂😂😂 facts!!! Classic Stacey Burke 👌 👏

    • @samnjau5195
      @samnjau5195 Месяц назад +2

      😂😂😂😂 lab coat for sure.

  • @AtlasCapitalSystems
    @AtlasCapitalSystems Месяц назад +3

    Thanks coach! Finally clicked for me this week and its so simple and fulfilling. You’re help have chnaged my life!

  • @TreyChats
    @TreyChats Месяц назад +5

    I’m more trader b with a different sort of style of trading but always love listening to how you speak about the markets. I will never leave my strategy/style but I also will always support and listen to your videos. Thanks for what you do dude ❤

  • @livestock9722
    @livestock9722 Месяц назад +1

    I used to strive be trader A. Then I realized being trader C is WAY less stressful, and pay$ better. Thank you.

  • @nouveauheightstv2133
    @nouveauheightstv2133 Месяц назад +2

    Key thing to note on the pump and dump setup. Look at the Eurusd example in the video. Most of the time it pumps up to a previous level that you can see on the left where it pumped up to and dumped down strongly. Also, if you look to the left where it pumped up from it left a gap and price will always go back and fill the gap. All you have to do is wait for it. So basically price pumps up from an area that is going to be filled at a later time.

  • @emmanueloladunni8541
    @emmanueloladunni8541 Месяц назад +1

    Fantastic delivery of masterclass by the master stacey himself

  • @sarthakmehra8634
    @sarthakmehra8634 Месяц назад +1

    That thumbnail means business.
    Awesome video as always and looking wonderful coach 💪💪🤗

  • @chriswilson2320
    @chriswilson2320 Месяц назад

    I commented on your last video Stacey - the "Reset Mindest" from the other day about how I only look for one set up - failed breakout day1, day 2, day 3. Since doing this, September has been a milestone for me. NOT because of the fantastic results, but by cutting out all the garbage in between.
    This quote sums it up for me - “There is a time to go long, a time to go short and a time to go fishing.”
    Thanks again
    Stacey

  • @dctrader8919
    @dctrader8919 Месяц назад

    That close in breakout followed by a false break is GOLDEN!

  • @jeanclaudedavid6935
    @jeanclaudedavid6935 Месяц назад

    Thank you Boss. My gratitudes to Steven, Daniel and Richie too. They share their knowledge so that other traders who are struggling can find their way. Its not only about loading trucks without sharing anything. Thanks to you all and have a nice weekend. 1% better everyday until we reach the level 😊

  • @brandi720
    @brandi720 Месяц назад

    As usual, THANK YOU for you consistency in videos so I/we can layer in the information continually in real time. Makes things click so much better.

  • @roshaneforde
    @roshaneforde Месяц назад +1

    There are so many ways to have an edge in the market. Beginner traders can even simply trade the peaks and valleys of the 20 ema with a little bit and a wide stop loss, and they would make money... Wait until it's curving up, buy it, stop loss at the lows. Wait till it's curving down, sell it, stop loss at the highs.

  • @SuperCharlisto
    @SuperCharlisto Месяц назад

    Your time Stacey is very valuable but you chose to teach us about trading financial so we can make a lot of money if we follow & apply your teachings. Thank you very much coach will always appreciate you and your family. Thank you....

  • @ReinhardtBieler
    @ReinhardtBieler Месяц назад

    Epic lecture as always Stacey 💪 Have a great weekend 🤙

  • @TJ-Forex
    @TJ-Forex Месяц назад +1

    You just simply THE BEST buddy...!!! Thank you SB

  • @mirzad19882
    @mirzad19882 Месяц назад

    Thanks for posting this. Good stuff to clarify weekly templates

  • @wenbinl2145
    @wenbinl2145 Месяц назад

    A 5 star video. Have watched it several times. Thank you coach!

  • @Nichejackers
    @Nichejackers Месяц назад +3

    What up Stacey? The hurricane cut right around me. Minimal damage. 1 tree got uprooted and limbs everywhere I had to pick up, but other than that, I got very lucky. That storm was bad. I didn't even lose power, which is weird.
    Anyway, I've been all three types of trader on my trading journey. Prop firm traders have to follow specific rules if they want to get paid. Most of them require a specific number of consistent winning days of a minimum designated amount in order to receive a payout. So waiting all week to take one big trade is not gonna work. That's why a lot of times I'll grab 30m here, 1hr there. They are repeatable and usually a measured move. I never just chase movement. When i see a playbook bts , I'm getting that too.😂 Most traders are looking to be prop traders.

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +1

      Hope all is well there Niche! Are you on the west side? Hopefully all good there now Bro!

    • @Nichejackers
      @Nichejackers Месяц назад +1

      ​@@StaceyBurkeTrading Everything is fine for me. Yes I'm about 1hr from Tampa.

  • @hissst69
    @hissst69 Месяц назад +1

    Great video Stacey, The data on the CIB being so important in finding setups is epic for me. I learn so much easier when you just walk through what you saw on the charts as I see still hravitate natural to the wrong things I have been taught previously..it is VERY hard to shake bad habits but I am very very slowly getting there.
    I had emailed you a few times when I bought your playbook and was part of original Q&A video, but never got a response, I have something I would like to send you. It is a drilling tool I devoloped to try and focus my attention on the inportant factors of BTS (Hunting which Template?, Time, Levels, behavior of price). I would like send it to you as it might be useful in teaching your students.

    • @nouveauheightstv2133
      @nouveauheightstv2133 Месяц назад

      @@hissst69 I would be interested in hearing more about the drilling tool that you developed. I also want to thank you in advance for having the mind and heart to create it.

  • @davedefea5530
    @davedefea5530 Месяц назад

    Always great info, thanks Stacey!

  • @successtradingAus
    @successtradingAus Месяц назад

    Understanding what Stacey means when he says "hunting setups". Know your prey, pick the most vulnerable pair and become a hunter! Have a great week traders - off to a great start already GA, EA and EJ🚚🚚🚚

  • @goodguystacks7268
    @goodguystacks7268 Месяц назад

    I love this thumbnail SB! Looking Real Dapper 💯

  • @DavidMMKing
    @DavidMMKing Месяц назад +3

    People have been asking you to trade live. It makes lots of sense. Please trade live this easy money making set ups, let see how you pick money laying on the floor as you say. This will encourage and help your followers to copy your trades since they can see you live collecting money from the floor, also it will help with the bad behaviours of traders because your follower will be able to see you and imitate your good behaviours that you talk about. Yes EURUSD and USCHF gave good parabolic trades, the question is how would you have known before hindsight? It could have been useful if you post your watch list so that your followers can copy you since you make money every week!!

    • @steveng2028
      @steveng2028 Месяц назад +1

      .watching someone trade will not do anything for your PNL..it will not help you control your own emotions. The goal of this business is to be self sufficient you will never copy anyone we are all unique. Put in the work there are no hacks or handholding in this arena..you can.do it you just need time...setups and strategy are the tip of the iceberg...psychology of the trader and risk management is the real key to this......asking to watch someone trade is like asking to watch your professor take the exam first before you do...buld your confidence through repetition and accomplishment.💪💪💪🤙

    • @nouveauheightstv2133
      @nouveauheightstv2133 Месяц назад +1

      I use to ask if He could trade live also. But once you understand the templates that he talks about the pump and dump and the dump and pump you can watch those setups for yourself playing out on multiple instruments almost every day of the week.

    • @DavidMMKing
      @DavidMMKing Месяц назад +1

      @@nouveauheightstv2133 Many people here are obsessed with the term "pump and dump". I am yet to see anyone posting result before screen shot and after screen shot as a confirmation. It looks nice on hindsight, did you take EURUSD or USDCHF? It is easy to say dump and pump, but can you do it on live market! Can you post the before and after screen shots of the pump and dump you took last week? What pump and dump did you take last week? Yes since many people are asking Stacey to trade live, he should trade live. So that followers see his the execution process in order to learn the practical aspect of this "pump and dump" thing!

    • @hissst69
      @hissst69 Месяц назад +1

      The thing is that Hindsight becomes foresight if you are looking at the right things. The problem for me unlearning all the patterns and trading structure and garbage. Because when the hammer comes down nothing matters but HoD/W to LoD/W and closing price. It's a crazy mindset shift. But it's slowly happening for me, 15 years of data and practice being unlearned here. Collect all the hindsight you can and keep looking those levels and timings and getting that muscle memory.

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +3

      David, WHAT SETUP ARE YOU HUNTING? If you are "looking for trades," YOU AREN'T HUNTING A SPECIFIC SETUP. The markets SET UP THE SAME OVER AND OVER AGAIN, WHICH ONE ARE YOU LOOKING FOR? Then, you will understand. PICK ONE. Then you WILL UNDERSTAND HOW HIND$IGHT PAYS.

  • @tomh888
    @tomh888 Месяц назад

    I can only share my own experience. Once you start to see day trading as a process where you hunt for specific setups , exutue and then STOP you are on the right path. My own mistakes which led to many losses and blown accounts where hardly technical analysis errors. but addictive like trading, chasing losses, holding on to loosers, scaling in to loosers in matter of seconds, overrisking etc. once you step back and really admit that you are a gambler not a trader change can start. it is like with a drug addict, you are addicted to chasing movement. once this stops, the strategy you apply really doesn't matter

  • @GinaEW
    @GinaEW Месяц назад

    Thanks Stacey, at what point do you know it’s an ACB, do you go by the strength of the candles. I have reviewed similar trades and they don’t always become an ACB?

  • @dave1401
    @dave1401 Месяц назад

    I see Stacy's video, I watch!

  • @Richie52592
    @Richie52592 Месяц назад +3

    19:27 my favorite set up 🤙🏼

    • @HOLD_MY_BEERUS
      @HOLD_MY_BEERUS Месяц назад +1

      Yep same, i trade this on us indexes

    • @MacosNjuki-y5c
      @MacosNjuki-y5c 17 дней назад

      ​@@HOLD_MY_BEERUSHow does it go?

  • @jimiclaptoncarl18
    @jimiclaptoncarl18 Месяц назад

    Thank you Stacey

  • @DavidMMKing
    @DavidMMKing Месяц назад +1

    From my understanding of price action the month has just once close price, ie the price where the monthly candle closed. So what is lowest closing Month price VS highest closing price, given that any candle has only one closing price? LCOM vs HCOM?

  • @successtradingAus
    @successtradingAus Месяц назад

    EA and GA longs in London today looking very much like Stacey’s USDCHF example in this video!

  • @Rk-xv6zv
    @Rk-xv6zv Месяц назад

    Thanks for making the video....❤

  • @Miri.4n4
    @Miri.4n4 Месяц назад

    THANK YOU❤!!

  • @3DKDZ369
    @3DKDZ369 Месяц назад +2

    Gurujii🎉❤ thanku so much

  • @abdirahmanahmedabdullahi
    @abdirahmanahmedabdullahi Месяц назад

    thanks

  • @Nadimimani
    @Nadimimani Месяц назад

    You are the man!
    Thank you!

  • @Ken_Otis
    @Ken_Otis Месяц назад +1

    Have a great weekend!!!

  • @jameswall-nv6cu
    @jameswall-nv6cu Месяц назад +3

    So when Wednesday resets do you clear all the previous levels from your charts and new?

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +4

      Where did I say anything about clearing LEVELS James?

    • @gavinlucas2040
      @gavinlucas2040 Месяц назад +1

      @@StaceyBurkeTrading New opening range (Wednesday) and Initial Balance (Thursday)

    • @wenbinl2145
      @wenbinl2145 Месяц назад

      It took me a while to figure out the importance and implication of the Wednesday reset,but later I understood that it means 1) day counting reset to day1; 2) turning point from front side to back side. It appears that the backside holds relatively more opportunity esp for a newbie like me?

  • @marc-andreduchesne8022
    @marc-andreduchesne8022 Месяц назад +6

    Best thumbnail Stacey! Sharp! 💪

  • @LotHonor
    @LotHonor Месяц назад

    Please make video about Day 2 trade setup (Tue / Thur ). Thank you, sir

  • @josephharley9448
    @josephharley9448 Месяц назад

    Many thanks

  • @GinaEW
    @GinaEW Месяц назад

    Thank you 🙏

  • @calliebuckle
    @calliebuckle Месяц назад

    Hi Stacey. How do I get hold of your playbook?

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад

      You can access it here Callie: stacey-burke-trading.thinkific.com/courses/Best-Trade-Setups-Playbook

  • @revamp2245
    @revamp2245 Месяц назад

    Stacey would you add Eurnzd from this week on the next review and orientate the setup please.. thanks dude

  • @MonkeyhammerTP
    @MonkeyhammerTP Месяц назад

    You look so handsome in that thumbnail pic. 😍 Missed you and the community last week. Needed a mental break due to my own personal issues. The more I look at the charts, the more I see exactly what you're talking about. Silver did a beautiful dump yesterday.

  • @99985cc
    @99985cc Месяц назад +4

    Just bought the course so I can speak the same language.

    • @MonkeyhammerTP
      @MonkeyhammerTP Месяц назад

      Takes a little while to pick up the language but so worth it. Just keep watching the videos and read the comments. i learn alot from reading the comments here when Stacey puts up his daily posts.

    • @wenbinl2145
      @wenbinl2145 Месяц назад

      For me it took quite a while. Eg his “ the day” some times means the previous day,other times it mean today.

    • @hissst69
      @hissst69 Месяц назад

      ​@@wenbinl2145that took me awhile too, it's obvious which he is talking about to him.. and it will get obvious to you too, first step is spotting that !

  • @muathalhulaybi5115
    @muathalhulaybi5115 Месяц назад

    Hi Stacy,
    You mentioned in the first chart that we have a pump day on Friday and a coil day on Monday. However, why didn't we call Monday's day a "first red day" instead? This is because the price closed below the opening price, and we were looking for a selling opportunity on Thursday instead of buying.
    I often have trouble understanding this concept. When I see a price close below or above the opening price, I expect to look for a buying or selling opportunity on the next day, but I often see the opposite happening. Could you please advise me on this?

    • @dsj916
      @dsj916 Месяц назад +3

      There was a FRD selling opportunity at 2am on Monday (FRD Friday, Thurs was the pump day). Once it breaks the low on Monday , anything can happen.
      Keep in mind that the prior week closed in breakout, so higher time frame buyers could be driving this market higher.
      So to recap, Friday FRD did offer a short trade on Monday. Then price reversed, closing as a first green day (peak formation low for the week beneath Fridays closing price).
      Hope this helps.

    • @muathalhulaybi5115
      @muathalhulaybi5115 Месяц назад

      @@dsj916 Thanks a lot. You explained it perfectly. I just wanted to make sure I was reading the signs right, and you cleared that up for me.
      Thanks again, and a big thanks to Mr. Stacy for the video

  • @Chef-e3w
    @Chef-e3w Месяц назад

    Hello do you do mentorship?

  • @wadeallison1886
    @wadeallison1886 Месяц назад

    Jesus, now I am starting to see these set ups. WTI as an example, looks ready for an opening range Monday setup for a range expansion on Tuesday to the upside. I traded WTI Friday night U.S session for small profit, now I understand I had no business being in that trade as the move had already taken place on the backside Thursday into Friday.

  • @only_star1
    @only_star1 Месяц назад +1

    Wasn't there supposed to be parts 2 and 3 for London and NY continuing on from last week's technical video?

  • @saharanankush
    @saharanankush Месяц назад

    How to create range expansion tool in trading view. Is it fib extension? Ol

    • @FLEARMOY
      @FLEARMOY Месяц назад

      Yes its the fib extension tool ..just change the parameter settings for the levels you want

  • @Tonehayrod
    @Tonehayrod Месяц назад

    I have a question. So on a first green day or first red day. The candle doesn't have to engulf? For bullish/bearish confirmation?
    As long ad the day is green you consider it a first green day? What if it gap down close higher but lower than previous day. That's still a first green day. I always thought it needed to engulf to be a 1GD

    • @hissst69
      @hissst69 Месяц назад +4

      Doesn't need to engulf. It needs to be a failed breakout of previous day, so FGD would go below the low of previous but then close back inside the low and of course the close of the day would be above the close of yesterday (making a green daily candle). And the same for a FRD except that it would breakout of previous day High and then close back inside that high (and below it's close to make it a red daily candle) if there is no failed breakout there is no FR/GD.. there is sneaky variations, but that is the very basic of identifying proper ones as I understand it from the playbook.

  • @theblockcat-ain1572
    @theblockcat-ain1572 Месяц назад +1

    This video should have 1 million views. Very informative. Thanks

  • @mbahhans276
    @mbahhans276 Месяц назад +1

    Hi Stacey... When was the last time you took a lost in a trade...

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад +6

      Probably the last time I "took a trade." Trading rinse and repeat SETUPS is not the same thing as "taking trades." I quit "taking trades."

    • @mbahhans276
      @mbahhans276 Месяц назад

      @@StaceyBurkeTrading thanks for the respond...

  • @TR-vb3ni
    @TR-vb3ni Месяц назад

    I've not seen in any of your videos when the trade will be an ACB or not. Do you cover this explicitly somewhere?

    • @nouveauheightstv2133
      @nouveauheightstv2133 Месяц назад

      Once you know what your setup is, ACB setup is literally your setup that forms on a higher timeframe like the 4 hr for example. The ACB setup comes out of the new 4 hr candle in the session. That’s one of the reasons why Stacey’s friend waits to trade the third Hour/10am. That’s when a new 4 hr candle starts.

    • @TR-vb3ni
      @TR-vb3ni Месяц назад

      @@nouveauheightstv2133 Actually that helps, thanks.

  • @Wabixs
    @Wabixs Месяц назад

    stacey added a better thumbnail this time💀

  • @ProminenceFX
    @ProminenceFX Месяц назад

    I thought this was a whiteboard video, stop teasing Stacey😭😭

  • @dineshtrader-1
    @dineshtrader-1 Месяц назад

    ❤❤❤❤

  • @dsj916
    @dsj916 Месяц назад

    Muppet soups!!!! 😂😂😂

  • @MosesMoodley
    @MosesMoodley Месяц назад

    MIB is back all you alien traders watch out j is in the house

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад

      💪 Have a great weekend Moses!

    • @MosesMoodley
      @MosesMoodley Месяц назад

      @@StaceyBurkeTrading thank you sir appreciate you alot just bought a car brand new your knowledge is amazing and I couldn't have done it with out all Your videos and time you put into making me a better trader stay blessed

  • @jaylhw1
    @jaylhw1 Месяц назад

    u should not keep on emphasizing CIB, CIB means keep an eye on the instrument , and it is time to anticipate scalable trade setup? the content here is misleading. Looking at what happened on EU this week, how many daily breakouts are there already, and it is still going down.

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  Месяц назад

      What SETUP are you HUNTING? Do you understand when a market CIB the FIRST TIME? WHAT IS THE SETUP? If you are just blindly chasing things, you need to ASK YOURSELF AGAIN, WHAT SETUP HAVE YOU MASTERED? I WILL EMPHASIZE THAT OVER AND OVER AGAIN. Chasing movement? Or YOU KNOW EXACTLY WHAT YOUR SETUP IS.

  • @kmuchogo
    @kmuchogo Месяц назад

    come on now Stacey, can we atleast add the muppet soup trigger to the strategy ...

  • @suvespa
    @suvespa Месяц назад

    Muppet soups 😂😂😂

  • @MrPhadraig
    @MrPhadraig Месяц назад

    Thank you 👍