Hey Riley, thanks for the video! Question, why did you take the topping tail and not the prior reversal - a bear 180 rejection off the same level? How did you know it was going to break down below the range once you took that trade? Wouldn't it be better to add once it breaks the low of the range instead of betting it would break down at the hammer and putting all the money on that initial trade since it was still range bound? Thanks much for your answers in advance!
Hey man im new to trading. Just started getting into it yesterday. Do you mind explaining how he made money but the price is going down? I understand the strategy/technique completely. I just don’t get how he made money even tho the price dropped. I thought that was only possible upwards. Thanks!
@@ohalrohalrI can explain this. So in the market you can take one of two sides: going long (buying in hopes that the price goes up) and going short (borrowing shares from your broker and selling them in hopes that the market goes down). One thing you should know that I wish I knew when I started is do not fall down the RUclips trading strategy rabbit hole. There is no strategy that you can copy from someone who is profitable and immediately become profitable yourself, it does not exist. What makes a strategy work is discretion which can only be gained by watching price move for hundreds if not thousands of hours.
@@canineshoe75 I understand! Thank you. Just to clarify, he theoretically obtained the stock using this “short” order by selling it before he actually bought it at that lower price?
Yes im have just like 1 week with bro videos and i have make already like 70 bucks. Just learning i started with 10! (also i Lose a lot on the Week just for going crazy without thinking hahha) leason Lerned and now i Set a price where i think its going down and the tp/sl bofore Hand! 🚀😂
Gotta say you are one of the few who actually say often enough where to put stop losses and to not be too agressive with trades and take the easy money instead of betting on more. It is very mature and good trading behaviour unlike many other youtubers.
I’m 31 and have been trading since I was 15 (custodial account). There is truth to this but there’s so much more to this picture than what is being explained. If you attempt this as a new trader, given enough opportunities, you will not succeed. You need data, you need to backtest this stuff in market replay and one thing most discretionary retail traders on YT try to tell you is to move your stop to breakeven. I’m not going to fight anyone on this but I guarantee you will get whacked on a retest multiple times for a break even loss before the market goes in your favor. Don’t let me or anyone else convince you, do the work. Backtest backtest backtest. There’s no replacement for time in front of the screen, seeing the charts and systematizing your entries, exits and stops.
I agree with you to some extent but not in scalping. I often move my SL to BE if the move has momentum. Then I am risk free. Depending on the MA I will trail my TP and once I see signs of exhaustion or reversal I am out. Its completely different to if I were to intraday where in the event of a downtrend or uptrend there is pullback and retests. In that context I completely agree with you. But scalping on the 1min or 5min nah bro, you're either right on your assumption or wrong and better to be wrong and save 1% for your next entry than have a losing trade.
I have a question, iam a new trader , the graph that is shown in the video in going downwards but he still having profit, i searched alot about that but didn't find the answer can you help me understand?
@@abd3llah_xhe made money on it because he placed a put option. If you think the price is going to go up you place a call if you think the price is going to go down you place a put
First strategy that actually clicked for me after years of trial and error. Been practicing it this past week and so far my paper account is looking pretty good. Excited to try with real money in the coming weeks.
I’m not sure if you’ve already stopped paper trading or not but one thing I will say before you jump straight in is keep paper trading or trade very small accounts for at least a couple months, learn when to trade and when not to trade in all market conditions and get your psychology in check before funding a larger account
@@1drewlollearn trade management and entry timing as well. Risk mgmt, trade mgmt, and entries will turn a meh strategy into a winner and vice versa, lacking those skills will take a winner through the dirt
@@1drewlolI use prop account to learn and gain experiences. If I lose, the acct gets reset next month anyways and I am not risking my money other than subscription fee until I pass.
We found the guy looking for the 100% win rate strategy. You'll never be a profitable trader until stop hopping around trying to find what doesn't exist. Pick what suits you and become consistent with it, until then you won't become a profitable trader Paladreus.
@@somber8233 Here is a novel idea don't be a trader be an investor, all this dude is trying to do is sell a course. I'm not looking for 100% strategy I'm just warning people that this stuff works until it doesn't. You think if this dude had some magical winning strategy he would give it to you?
@@Paladreus_History I just told you that magical strategy doesn't exist so the question "Do you think he would just give it to you?" is a moot point. All the traders on RUclips give out enough free content to learn. I'm not aware this guy is selling a course. I don't care for any paid courses if he or anyone else was. Being a trader and being an investor are not interchangable. Being an investor is great and there's less risk but again, they're apples and oranges. They don't serve the same purpose. Traders and investors are on complete opposing sides of the market spectrum. Aspiring traders are looking to make a living from trading or at least have supplemental income. They can't do that with investing. Your original comment does not say "Be careful or be warned" to me. It just sounds like you're trying to knock trading because you could write that same comment on any trading video and it be true but that's because that's what trading is. There's no perfect strategy that can just print money. There are A LOT of "trader haters" or inexperienced traders that come to videos like these and just talk smack about someone's trading. That's how your comment comes off as. If you wanted to warn people, I think you should be more specific. Like "There's a lot of risk in trading so it's important to manage that properly because no strategy works all the time." or "Beware some people's videos who aren't even real traders just trading demos and wanting to sell you bunk courses." or maybe just suggest people to invest instead and talk about why you chose investing over trading in the original post.
We are playing probability game here, no strategy will have 100% win rate. If you can make your trade even at 50-50 win/loss rate, but if the payout ratio is 2:1, you are still profitable. The reason why there are so many strategies out there is because people are trying to increase the odds of winning.
Learned this the hard way when I was trading with 100x leverage on bitcoin, all it took was 2 seconds and my order liquidated 😂 went from profitable to broke real quick haha
ive been scalping for a year now, it depends on how you place your trades. finding the right coin for the day, search for reversals or pullbacks, or rejections, use 2-3 indicators is a must, lastly use 1:2 ratio. thank me later.
Ως 30χρονος Έλληνας που ενδιαφέρεται για τα κρυπτονομίσματα, μου αρέσει να επενδύω με το να κρατώ τον εαυτό μου ενημερωμένο για τις τελευταίες τάσεις και τεχνολογίες. Προτιμώ να ξεκινάω με μικρές, προσεκτικές κινήσεις και να διαφοροποιώ το χαρτοφυλάκιό μου για να ελαχιστοποιώ τους κινδύνους ενώ εξερευνώ νέα και υποσχόμενα έργα.
Really impressed. I'm already profitable. Just. But, so glad to see someone who explains themselves clearly and concisely. NO bs. Will be following you .
this honestly looks so simple! Of course with a bit of studying anyone can understand this and profit. It just takes guts to risk money and be ok with losing some.
Summary Scalping Strategy: -Look for resistance level where market has bounced off. -Once price comes up to resistance again AND rejects enter trade. -Make sure momentum of uptrend is over -Set Stop/Loss above last swing high -Let the trade play out until the down trend is ending. -EXIT Trade when the EASY money has been made Enjoy studying your videos. Thank you for making them.
No matter how advanced or beginner you are you have to admit this is amazing, easy, simple, this move probably happens 2x a week if you look for this particular pattern
You did 2 Trendline adjustments, how do you determine when you adjust it? Thanks in advance. Teach an older trader new tricks. I'm an x floor trader from NY. You have TALENT!
Thanks for the analysis! Just a quick off-topic question: I have USDT in my SafePal wallet along with the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Rathe
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
How do you make money when a stock goes down? What do you mean by putting your stop up top and then dropping it a little lower and having yourself make money from there? Thank you very much for your answers and this video
This pattern plays out every day on the tops gainers. The problem is finding short shares available. Or, having to use futures on a bigger cap stock. Please talk about that, and tell us the ticker symbol of the stock in the video. Tyvm
Ive never done this. I'm guessing the lower the graph goes the higher the stocks are? Looks confusing. You'd think the chart moving up would have more money per stock
Some bad trades come from not accepting your loss, you can stack the probabilities in your favour, but no trader EVER is going to be right 100% of the time, keep stops tight and admit defeat when you KNOW you need too, it's not cowardice. A lot of traders let 1 trade wipe out the gains from 5,7,10 winning trades. Good entries allow you to keep stops tight, don't buy calls at resistance, puts at support, if you play S+R and use price action to gauge market movement you can keep your stop out within 10-15% of a break of S/R level, good luck
Yeah those aren't that exciting. Your stop loss just get's hit and you move on. With proper risk reward losses don't blow up your account. I generally shoot for 1-3 risk to reward ratio.
Great video as always! 👍 Need some advice: 🙏 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
Can u tell me the settings? Can I use a demo? How much money should I have to trade like u? Where can I find the broker you use? What are the commissions And extra money I will spend for each trade? Do you have a tutorial for beginners?
remember break even isnt where you started its where you started plus your trading cost for the trade and stop loss and sell order so look at what your trades cost to trade and add that to the cost for break even.
I have a question- how did you make money when you placed a stop-loss at the top? Not to mention the price chart was going down. Someone please help me im very confused
The context seemed to be 1) price is currently at a resistance level. 2) It has lost momentum (length of buying candles) 3) It has rejected resistance. 4) Engulfing candle on rejection. 5) Next candle closed below the rejection candle. 6) Third candle has broken market structure. i.e Probability of reversal. I'd recommend if you were to enter this trade. Enter after the second candle closed so you can identify it is a rejection.
This is more of an intraday swing trade or a move to move trade, if it was a scalp profits should be taken at the support level, but still a decent trade👍
There's different time frames in the markets if you use a 1 hour timeframe then it will take 1 hour for a new candle to fully form, the timeframe he is using in this video is a 1 minute timeframe so for every minute that passes a new candle stick forms
What’s the win rate on this? I will agree that it will usually reject the level at least for a few candles, but many times return to the area quickly. Breaking even isn’t a bad idea.
Why set your stop loss that high? If it gets to the top, it will either touch the top again or bust through that level, stopping you out. You’re just leaving money on the table. it’s very rare that the price will come very close to the sl in your example without at least touching it.
Its called ‘Shorting’ the market. The details are complicated lol. But you ‘short’ the market when your bias/prediction is ‘bearish’ meaning you think the price will go lower
Can I ask you something? What if, instead of selling at +555 profit, you just continued following your profit with your stop loss? That way, if it dropped to 530, it’d stop you out and you’d lose $25. But, if you let it play out longer, maybe that 555 would have hit 600? 700? Thoughts?
The not very secret secret to end all trading secrets is knowing **when to get out.* Letting go of a losing trade is the single most important skill anyone can have. It's not even knowledge. It's counter-intuitive self-control. Kind of like when Neo was learning to jump from rooftop to rooftop with no fear of falling. It didn't work until he lost his fear.
Yeah I agree, using certain indicators whilst you're in a trade can be powerful. People get greedy and want to hit that 2/3/4 r trade and it reverses. You have to be constantly monitoring the market, the EMA's and the market structure.
Ninjatrader platform chart trader has this feature you can set one and when you enter a trade it will automatically add a stop at the ticks you are willing to risk
this is how it works: you sell the stock, then the market goes down and you buy at the target (whenever you close the operation) so you get the difference between those prices. it doesn't work exactly as I told but that how I stood it.
![EASY Scalping Strategy with NO Indicator! ONLY Price Action! [Nobody Knows This NEW Strategy]](http://i.ytimg.com/vi/GEYCVmH5AbQ/mqdefault.jpg)
📙Free Scalping Strategy Class on how to start becoming a profitable trader ➡️join.evolvedtraders.com/yts
Love all your you-tube videos!
Hey Riley, thanks for the video! Question, why did you take the topping tail and not the prior reversal - a bear 180 rejection off the same level? How did you know it was going to break down below the range once you took that trade? Wouldn't it be better to add once it breaks the low of the range instead of betting it would break down at the hammer and putting all the money on that initial trade since it was still range bound? Thanks much for your answers in advance!
Thank you for this excellent video! 👏
What platform are you using?
How many leverage did use and how much money did u use to earn 500usd?
This strategy is so simple yet so effective. It's amazing how well it works.
Hey man im new to trading. Just started getting into it yesterday. Do you mind explaining how he made money but the price is going down? I understand the strategy/technique completely. I just don’t get how he made money even tho the price dropped. I thought that was only possible upwards. Thanks!
@@ohalrohalrI can explain this. So in the market you can take one of two sides: going long (buying in hopes that the price goes up) and going short (borrowing shares from your broker and selling them in hopes that the market goes down). One thing you should know that I wish I knew when I started is do not fall down the RUclips trading strategy rabbit hole. There is no strategy that you can copy from someone who is profitable and immediately become profitable yourself, it does not exist. What makes a strategy work is discretion which can only be gained by watching price move for hundreds if not thousands of hours.
@@ohalrohalrYo! With futures you can sell first and then buy later. Sell at a high, wait for it to drop, then buy the low
@@ohalrohalr He shorted the stock, essentially selling the stock at a higher price and buying the shares back at a cheaper price
@@canineshoe75 I understand! Thank you. Just to clarify, he theoretically obtained the stock using this “short” order by selling it before he actually bought it at that lower price?
This is actually how I have been seeing the market and entering positions. And then just keeping a tight SL. This is really good bro
Yes im have just like 1 week with bro videos and i have make already like 70 bucks. Just learning i started with 10! (also i Lose a lot on the Week just for going crazy without thinking hahha) leason Lerned and now i Set a price where i think its going down and the tp/sl bofore Hand! 🚀😂
Gotta say you are one of the few who actually say often enough where to put stop losses and to not be too agressive with trades and take the easy money instead of betting on more. It is very mature and good trading behaviour unlike many other youtubers.
Thank you Riley. I only wish every day could look as clean and easy as your example chart.
Notice how many times the trend line got adjusted...
I’m 31 and have been trading since I was 15 (custodial account). There is truth to this but there’s so much more to this picture than what is being explained. If you attempt this as a new trader, given enough opportunities, you will not succeed. You need data, you need to backtest this stuff in market replay and one thing most discretionary retail traders on YT try to tell you is to move your stop to breakeven. I’m not going to fight anyone on this but I guarantee you will get whacked on a retest multiple times for a break even loss before the market goes in your favor.
Don’t let me or anyone else convince you, do the work. Backtest backtest backtest. There’s no replacement for time in front of the screen, seeing the charts and systematizing your entries, exits and stops.
I agree with you to some extent but not in scalping. I often move my SL to BE if the move has momentum. Then I am risk free. Depending on the MA I will trail my TP and once I see signs of exhaustion or reversal I am out. Its completely different to if I were to intraday where in the event of a downtrend or uptrend there is pullback and retests. In that context I completely agree with you. But scalping on the 1min or 5min nah bro, you're either right on your assumption or wrong and better to be wrong and save 1% for your next entry than have a losing trade.
How long did it take for u to become profitable. Because I'm 15 and started at 13 and still not profitable yet,
I have a question, iam a new trader , the graph that is shown in the video in going downwards but he still having profit, i searched alot about that but didn't find the answer can you help me understand?
@@abd3llah_x it’s called shorting.
@@abd3llah_xhe made money on it because he placed a put option. If you think the price is going to go up you place a call if you think the price is going to go down you place a put
First strategy that actually clicked for me after years of trial and error. Been practicing it this past week and so far my paper account is looking pretty good. Excited to try with real money in the coming weeks.
I’m not sure if you’ve already stopped paper trading or not but one thing I will say before you jump straight in is keep paper trading or trade very small accounts for at least a couple months, learn when to trade and when not to trade in all market conditions and get your psychology in check before funding a larger account
@@1drewlollearn trade management and entry timing as well. Risk mgmt, trade mgmt, and entries will turn a meh strategy into a winner and vice versa, lacking those skills will take a winner through the dirt
@@1drewlolI use prop account to learn and gain experiences. If I lose, the acct gets reset next month anyways and I am not risking my money other than subscription fee until I pass.
DON'T DO IT 😂🤣😂
I have a tip for put a 0,25% commision on your paper account. I thought it was working too until i did
This is a great example of a strategy that works until it doesn't 😂
Sure you don't win every time but as long as you have good risk reward it works out in the end.
We found the guy looking for the 100% win rate strategy. You'll never be a profitable trader until stop hopping around trying to find what doesn't exist. Pick what suits you and become consistent with it, until then you won't become a profitable trader Paladreus.
@@somber8233 Here is a novel idea don't be a trader be an investor, all this dude is trying to do is sell a course. I'm not looking for 100% strategy I'm just warning people that this stuff works until it doesn't. You think if this dude had some magical winning strategy he would give it to you?
@@Paladreus_History I just told you that magical strategy doesn't exist so the question "Do you think he would just give it to you?" is a moot point. All the traders on RUclips give out enough free content to learn. I'm not aware this guy is selling a course. I don't care for any paid courses if he or anyone else was.
Being a trader and being an investor are not interchangable. Being an investor is great and there's less risk but again, they're apples and oranges. They don't serve the same purpose. Traders and investors are on complete opposing sides of the market spectrum.
Aspiring traders are looking to make a living from trading or at least have supplemental income. They can't do that with investing.
Your original comment does not say "Be careful or be warned" to me. It just sounds like you're trying to knock trading because you could write that same comment on any trading video and it be true but that's because that's what trading is. There's no perfect strategy that can just print money. There are A LOT of "trader haters" or inexperienced traders that come to videos like these and just talk smack about someone's trading. That's how your comment comes off as.
If you wanted to warn people, I think you should be more specific. Like "There's a lot of risk in trading so it's important to manage that properly because no strategy works all the time." or "Beware some people's videos who aren't even real traders just trading demos and wanting to sell you bunk courses." or maybe just suggest people to invest instead and talk about why you chose investing over trading in the original post.
@@RileyColeman clean and to the point, don't listen to those haters.
Brilliant 👍🏻 simple n easy way to show someone I use it but only just picking it up good to see full video so I know I’m doing something right
We are playing probability game here, no strategy will have 100% win rate. If you can make your trade even at 50-50 win/loss rate, but if the payout ratio is 2:1, you are still profitable. The reason why there are so many strategies out there is because people are trying to increase the odds of winning.
BEEN THERE DONE THAT!! ATE GOOD THE WHOLE MONTH!! Riley Colman was hating on me that whole month too!
This is a perfect example of keeping simple things simple... but, dont confuse simple with easy
100%
This strategy is amazing 🤞🏼Respect Man🤝🏼.... I used this strategy with my 3k account and I made a huge profit from 3k to 31k amazing strategy respect
It would be nice if the markets consistently worked in our favor like this. Not always so, though.
It either goes up, sideways or down. Easy
Excellent point Riley, the market can turn against a trader very quickly. Especially, when scalping
?? Scalpers have a higher win rate so it doesnt make sense to say especially. They would literally be the last traders to say that to
Learned this the hard way when I was trading with 100x leverage on bitcoin, all it took was 2 seconds and my order liquidated 😂 went from profitable to broke real quick haha
@@JoseEspinozaCarbajal Scalping without a stop loss is retard level 1000
@@caughtinthevoidfloyd5821 a high winrate doesn't automatically mean u make the most money you know that right
ive been scalping for a year now, it depends on how you place your trades. finding the right coin for the day, search for reversals or pullbacks, or rejections, use 2-3 indicators is a must, lastly use 1:2 ratio. thank me later.
Legendary strategy, I put it to use the moment I saw the video🎉❤, I cant thank you more😅
Thank you very much for the videos my friend!
That's literally giving away secrets
Indicator settings from your video were a game-changer for me. Thanks!
Ως 30χρονος Έλληνας που ενδιαφέρεται για τα κρυπτονομίσματα, μου αρέσει να επενδύω με το να κρατώ τον εαυτό μου ενημερωμένο για τις τελευταίες τάσεις και τεχνολογίες. Προτιμώ να ξεκινάω με μικρές, προσεκτικές κινήσεις και να διαφοροποιώ το χαρτοφυλάκιό μου για να ελαχιστοποιώ τους κινδύνους ενώ εξερευνώ νέα και υποσχόμενα έργα.
Really impressed.
I'm already profitable. Just.
But, so glad to see someone who explains themselves clearly and concisely. NO bs.
Will be following you .
He’s a hack watch imantradings video on him
Thank you, very useful for me, who is studying in the NFC community
this honestly looks so simple! Of course with a bit of studying anyone can understand this and profit. It just takes guts to risk money and be ok with losing some.
Summary Scalping Strategy:
-Look for resistance level where market has bounced off.
-Once price comes up to resistance again AND rejects enter trade.
-Make sure momentum of uptrend is over
-Set Stop/Loss above last swing high
-Let the trade play out until the down trend is ending.
-EXIT Trade when the EASY money has been made
Enjoy studying your videos. Thank you for making them.
but which time frame we use for identify the up/down trend of the market ?
am i supposed to say i was paid to leave a comment? omg i took your class and i made a ton of money. thanks so much for making me rich!
No matter how advanced or beginner you are you have to admit this is amazing, easy, simple, this move probably happens 2x a week if you look for this particular pattern
One of the best teachers on RUclips!
Love this!! Keep it up 👍🏽
Bro, thank you! I saw the Trendline adjustment in this video. KEY to what I'm trying to accomplish with trendlines. Thank you!
You did 2 Trendline adjustments, how do you determine when you adjust it? Thanks in advance. Teach an older trader new tricks. I'm an x floor trader from NY. You have TALENT!
He was cappin that’s why he adjusted
When it brooks the first times he should’ve been out but for the video he stretched it
Thanks for the analysis! Just a quick off-topic question: I have USDT in my SafePal wallet along with the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
I love all your videos Riley! And now that I am taking your course, I see you go more in depth about this grreat strategy!
Awesome strategy! Thank you so much for sharing it! 🙏 🥰💖
I expected this to be BS but this is actually how I currently trade lmao. Didn’t think about the trend line idea though. Going to test that.
Did this today and it yielded profits. I’m thinking of sticking to this
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Rathe
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Katherine Rathe too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
How do you make money when a stock goes down? What do you mean by putting your stop up top and then dropping it a little lower and having yourself make money from there? Thank you very much for your answers and this video
Newbie here, what broker are you using or would recommend, thanks 🙂
Would you please help me figure out as a beginner what programs should I buy or computer supplies
Great edit 🔥thanks
This actually works...wel i use it together wit an rsi wit only a 50 line (to show bullish/bearish momentum)...
You used the right word their, it can quickly turn against if not properly managed
Very good, handsome trader! Thanks for sharing! 🙏💕
I wish a real life trading day ends up like this fairy tale. What a day it would be for all the traders.
Rookie. Learn better
This pattern plays out every day on the tops gainers. The problem is finding short shares available. Or, having to use futures on a bigger cap stock. Please talk about that, and tell us the ticker symbol of the stock in the video. Tyvm
This is amazing..if u know what ur doing ..It provides a person pinpoint entries for life..Geesh
Ive never done this. I'm guessing the lower the graph goes the higher the stocks are? Looks confusing. You'd think the chart moving up would have more money per stock
Appreciate the information and honesty
Do a video on trades going bad and how you handle them
Some bad trades come from not accepting your loss, you can stack the probabilities in your favour, but no trader EVER is going to be right 100% of the time, keep stops tight and admit defeat when you KNOW you need too, it's not cowardice. A lot of traders let 1 trade wipe out the gains from 5,7,10 winning trades. Good entries allow you to keep stops tight, don't buy calls at resistance, puts at support, if you play S+R and use price action to gauge market movement you can keep your stop out within 10-15% of a break of S/R level, good luck
Have a percentage loss you're willing to take if it gets there. Youre done analyze and re enter
its simple. you get out at your stop loss or before it
Yeah those aren't that exciting. Your stop loss just get's hit and you move on. With proper risk reward losses don't blow up your account. I generally shoot for 1-3 risk to reward ratio.
@@RileyColeman Exactly, a loss is a loss. No big deal. Move onto the next set-up.
Great video as always! 👍 Need some advice: 🙏 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
Can u tell me the settings? Can I use a demo? How much money should I have to trade like u? Where can I find the broker you use? What are the commissions And extra money I will spend for each trade? Do you have a tutorial for beginners?
remember break even isnt where you started its where you started plus your trading cost for the trade and stop loss and sell order so look at what your trades cost to trade and add that to the cost for break even.
I have a question- how did you make money when you placed a stop-loss at the top? Not to mention the price chart was going down. Someone please help me im very confused
Do you run this strat in any context or do you have qualifying conditions that must be present before you even consider it?
The context seemed to be 1) price is currently at a resistance level. 2) It has lost momentum (length of buying candles) 3) It has rejected resistance. 4) Engulfing candle on rejection. 5) Next candle closed below the rejection candle. 6) Third candle has broken market structure. i.e Probability of reversal.
I'd recommend if you were to enter this trade. Enter after the second candle closed so you can identify it is a rejection.
Use 20 SMA and trend lines
You have great content. What app are you using on your phone?
Cool, What technique do you use? I use the technique of performing unfilled order taught ini the nfc community
HI Riley. How do you know that resistance level is not accumulation to continue the rally? Instead of dropping... Thanks.
This is more of an intraday swing trade or a move to move trade, if it was a scalp profits should be taken at the support level, but still a decent trade👍
Riley, how do I put the price appearing at the rectangle? Thanks.
So when it spikes down with the thin line that’s when it’s going to go back up?
Great advice I subbed 💯
Good job 👏🏻🎉
What software do you use? Just starting out, like your videos…
These are the videos I want RUclips recommending to me.
same
Which trading broker and platform is this?
I’m using tradestation + tradingview but the stop losses are too slow for scalping.
Thanks!
Where do I learn how to trade futures? I'm up to my eyeballs with my 9-5 job😢
Did you use buy stop for this and also did you move you buy stop to break even?.
For your Buy Stop, do you use a market or limit order?
Market. I don't like the potential of the order getting skipped.
@@RileyColeman thank you. I have the same concern.
Man this editing is topnotch... What app you using
Hey mate how do I get to that page where the candle sticks are newly trying to figure this out :)
There's different time frames in the markets if you use a 1 hour timeframe then it will take 1 hour for a new candle to fully form, the timeframe he is using in this video is a 1 minute timeframe so for every minute that passes a new candle stick forms
Which is the indicator yo use? Is it available in Tradingview?
Depends on HTF analysis.
Nice video 😊
What’s the win rate on this? I will agree that it will usually reject the level at least for a few candles, but many times return to the area quickly. Breaking even isn’t a bad idea.
What company do uou use when you fund your own account?
there's lots of different companies out there
Maybe I'm misunderstanding this but how are you making money while it's dropping?
there are 2 positions, Long ; Short.
Long : Profit when price goes up,
Short : Profit when price falls down.
Wonderful! Crisp and Clear!
Been doing this at work with 2k made 200+ in 2 weeks being very conservative. Took one lose and few small ones
Why set your stop loss that high? If it gets to the top, it will either touch the top again or bust through that level, stopping you out. You’re just leaving money on the table. it’s very rare that the price will come very close to the sl in your example without at least touching it.
How much margin and leverage? Which broker allows that?
I would guess $12,000
i might be a little slow i’m just trying to learn, but how are you making profit in the red
Its called ‘Shorting’ the market. The details are complicated lol. But you ‘short’ the market when your bias/prediction is ‘bearish’ meaning you think the price will go lower
Nice video. As anyone told you that you look like Keith woods?
Excellent 👌What was the lot size?
I never move my SL. Then again, I don’t use hard stops 🤷🏻♂️
What are you trading? What instrument/market is this?
Either S&P 500 or NASDAQ Futures
I was wondering how much are you trading with , exactly in that trade .
What margin size do you use in USD to make $500? Do you use leverage? Thanks!
You have to use leverage in Forex, as the price movement are so miniscule. Probably 100x.
so you bet the stock was gonna go up then you shorted it on the way down? I'm trying to understand.
Can I ask you something? What if, instead of selling at +555 profit, you just continued following your profit with your stop loss? That way, if it dropped to 530, it’d stop you out and you’d lose $25. But, if you let it play out longer, maybe that 555 would have hit 600? 700? Thoughts?
The not very secret secret to end all trading secrets is knowing **when to get out.* Letting go of a losing trade is the single most important skill anyone can have. It's not even knowledge. It's counter-intuitive self-control. Kind of like when Neo was learning to jump from rooftop to rooftop with no fear of falling. It didn't work until he lost his fear.
Yeah I agree, using certain indicators whilst you're in a trade can be powerful. People get greedy and want to hit that 2/3/4 r trade and it reverses. You have to be constantly monitoring the market, the EMA's and the market structure.
What contract are you trading in this clip?
ES
Amazing 🔥🔥🔥
What program is he using in this video to see the charts and trade with?
Cool vid
used it with alpha futures and it worked great
Which app are u using to trade, it isnt mt5? Btw if it is can u show us how to make charts like yours
What was the initial time frame you got the resistance from?
4h? Dally? 1h?
Which plateform you're using?
Can u do a short on how to actually input the stop loss and do the trade please Thanku
Ninjatrader platform chart trader has this feature you can set one and when you enter a trade it will automatically add a stop at the ticks you are willing to risk
Very nice trade profit, especially since it appears to be micros that you're trading.
Can you please help me to understand if price goes down how you made money? I don’t know….in this graph shows price drops how you made money than?
this is how it works: you sell the stock, then the market goes down and you buy at the target (whenever you close the operation) so you get the difference between those prices. it doesn't work exactly as I told but that how I stood it.
Well said👌
What platform do you use to trade? 😅