How to Predict Price Action - My Favorite Signal!
HTML-код
- Опубликовано: 2 сен 2023
- * no investment advice - informational and entertainment purposes only *
Do you like my free RUclips videos? Then you will love the Tradecademy! In the Tradecademy, you find 80 brand-new and never-seen-before trading videos in a completely new trading course. Plus, you join a private discord community, live trading webinars and you can interact with me directly.
Tradecademy - Online Trading Academy:
► tradeciety.com/academy/
Our weekly trading newsletter:
► tradeciety.com/newsletter/
Our trading journal:
► edgewonk.com/
Trading podcast:
► tradeciety.com/podcast
####
Risk Disclaimer:
tradeciety.com/risk-disclaimer
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or market analysis is expressly excluded by Quantum Trade Solutions GmbH. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We, therefore, recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is not suitable for many people. You should carefully consider whether trading is appropriate for you based on your experience, your objectives, your financial situation and other relevant circumstances.
Information and Opinions: Information on this site is provided solely for informational or general educational purposes and should not be construed as an offer to sell or the solicitation of an offer to buy securities or to provide investment advice. The opinions and analyses included herein are based on sources believed to be reliable, but no representation or warranty, express or implied is made as to their accuracy, completeness, timeliness, or correctness. All information contained herein should be verified independently.
Results: Past performance is not necessarily indicative of future results. Investment information may not be appropriate for all investors. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
#forex #trading #technicalanalysis
Always wait for the breakout to retest the key level (resistance/support) before adding a position
You will miss entry most of the time
@@nikunjkavadiabut when you get an entry it will be the right one. It's not about just getting an entry, it's about reacting & getting profitable entries. Always wait for a restest.
@@benedictt.anyata4241I will open to wrong trade, and hit the stop loss.
If I wait for two candle for breakout entry then , I will certainly miss the larger chunk of profit as typically there are three to four positive green candle after breakout, and then consolidation.
FYI: I would not enter this trade considering stock does not trending now, recently broke the trend (trend line), I would look other stock for the same
@@nikunjkavadiapatience 😊
Agree patience and trusting yourself is key everyone has their style and everyone makes money differently my time frame is 30min for each trade or less
Can you say it on a live chart? No. Because trading is unconditional. And that is the purity of trading.
i can. its a Liq grab. if you wanna see Live analysis drop your mail id. we will show you on LIVE.
Really??
Can he say it? Maybe. But some people can.
@@AutumnLeafAcademy6164u legit ?
@@AutumnLeafAcademy6164can you show me one
After market close everyone is Buffett
😂
😂
😂😂😂😂😂😂😂😂 LMFAO
😂
Buffet of continental food
This was on 23rd Feb 2023. After Fed rate decision.. The big drop was due to non farm payrolls being insanely high. This has nothing to do with liquidity, technicals or else.. just banks going long the usd and dumping everything else. How can people seriously be profitabel if they dont even know what is happening and what is driving the market..
But where has been the most liquidity before the major drop? Above the old highs.. stops where raided and brakeout traders trapped. Thats the liquidity to take shorts and trade lower..
Even when big news enters the market the price most of the time still respects the major support and resistance levels
The best cases of “general after the battle” i’ve ever seen are channels like these 😂
The problem is, even though this makes perfect sense, that you can’t just predict price action like this. That rejection back to the downside could just as easily have been a retest of previous highs before an upwards continuation. This is why instead of trying to constantly predict price most successful traders have an actual strategy that involves some sort of confirmation before taking an entry.
He isn’t wrong but also it’s a good idea to look a few timeframes higher to understand what the bigger picture is going and you can place your scalp trades accordingly. I know this because I trade this way and it works out for me.
so you trade like the bank? ;)
@@ltk7309 not quite, I just follow their movements as closely as I can. To trade like the banks to the letter you would have to know specific areas where to buy and sell and there are ways you can do it but I just find it’s easier to just go with the flow of things. There’s a saying that goes like ‘if you can’t beat them join them’. That’s what I’m doing 🙂
@@ltk7309 It's called Smart Money Concept
Me too it works
@@ltk7309 hey if it works it works
Just short this, set your stops and go watch some spicy movies and when you wake up your rich!😂
I’ve leaned so much .at first I wouldn’t have understood but NOW I’m ready!!!
this dude concluded the market movement without any indicators and sentiment checking.
backtesting won't work on an open market.
macro and micro economic stuff plays big role and you can't time it.
Think it's hindsight, could have easily broken out. It's a 50/50. Risk management is key.
I would've like to see more of the chart
That was a buy stop liquidity grab, so after that the price was likely to decline to grab the stop loss placed below the recent low.
The market will collect money not generate money, it will usually try to take your money in any way possible, its an algorythm that was designed to do that.
This is obviously news movement, it's not just because of a liquidity grab
Its important to know at what time this scenario takes place, if its not during New York session, the chances of being faked out are much higher because the volume during session is much higher and effective breakouts are more probable
Down because market didn't consolidate on resistance and breaks resistance directly which indicates fake breakout
I can also make tons of videos using historical charts. Not even experts can safely say what will happen next. That's why we analyze.
I love and enjoy it when y'all use these, very obvious outcomes to make it look like you've got it 😂.
Thats why you gotta know your supply and demand zones
I'm actually happy I was right that the market was going to go back down and that it was a fakeout breakout, though I determined that from the fact that the resistance had at least three separate attempts to break out in the swing high previously and couldn't. Not sure if that was a correct way to look at it and if I just got lucky.
Smaller time frame will help u with the direction
When ypu s breakout try going in a lower tf and the price action from there will revela to whether its a contunuation upward or a fake out
Should show us the volume ! Very good explanation
Forex Trading will make me a Millionaire. This is golden nugget
Great explanation on a potential false break
That candle told everything I needed to know. I immediately would’ve pulled
Always keep a eye on the calendar and watch news. That sell off was diffrent there was some rly bad things behind the scenes
Rare input...thanks alot
It might go up. It might go down. Well said, sir!
I would wait for a back test of that "selloff" area before the run up. I would set a buy order there (at a set demand zone point), especially with that breakout closing above the high before that selloff.
The most important part of any chart should be your volume indicator!!!
Confirmation is key and momentum is important.
This is helpful❤
It's A Simple Swing Failure Pattern of the Last High/ Liquidity Grab of the Previous High
Thank you so much ❤🎉
Always check H4+ candle closure. If this candle don't close above the resistance zone then mostlikely fakeout(Big wick above the resitance)
If it closes above. This is your first confirmation of confirmed breakout. Then wait for retest and go long again.
But on a higher chart.
THANKS 😊
I knew before it's going down, and you will if u studied the smc it's really simple and logical
So u should buy when it starts going up?
What technique do you use? I use the technique of performing unfilled order taught ini the nfc community
What type of trading platform do you use man😢
Thx I learned
Nice explaination
None on this chart has a good entry. Whoever can trade this chart is a legend.
History analysis is the easiest way to explain to other
Because history repeats itself
Sahi bole...sab yhi karte h RUclips pe
Superb analysis
It can be prevented by looking at the volume involved and resistance level analysis pluse some data
If not sure then wait and wait
It swept Buyside liquidity, the reason why it went up is because institutions need to fill their previous orders, so once liquidity swept, meaning the prominent highs or lows are taken out, it is safe to assume that the market will more likely move in the opposite direction.
Don’t look for the reason as to why something happened. You’ll never get a definitive answer. Only look for repeating patterns that give you an edge
Use bollinger bands set to 200 you would see that the high is well above its expected price, usually resulting in a downfall
Fakeouts are my worst enemy in trading,d only way to avoid them is by waiting for a restest,and that takes a lot of patience,cause at times it doesn’t retest the zone.
Thanks harry
Price took out buyside liquidity then the algorithm started to reprice lower to target sellside liquidity aka Judas swing
Beautiful setup, sadly I rarely catch such a beautiful structure.
Good info, but it has nothing to do with actual people selling off or selling pressure. It has to do with a programmed algorithm. Please understand this extremely important part of the market & why it truly & really moves. Institutions, banks, hedge funds & people DO NOT move the market, an AI Algorithm moves the market.
How?
ive been observing this lately. also coming up on a great project and method that prove this
@@Umesh1288the algo is working by its code using" if then else" commands.. if the main target is lower, it has to go up first to get the.. it trades to the highs to pair it's sell orders with the buy orders from breakout traders and pair its sell orders with those that also want to go short but have SL above that high.. again using the buy orders from SL.. then most traders are out and algo goes into expected direction
Thanks
Retest is important
We don't have a break of structure yet,so i suggest its going up, break and retest
Sweet video thanks. But I would have never enter long with out a retest. And not advanced enough to see the short that didn't hesitate at the beginning of the uptrend.
My analysis about the market was going UP after re-testing because that level was tested multiple times.
Thanks guys...
Does that on the situation we can buy to put ??
Depends on the ATR of the stock. I personally would wait for a break and retest of that area of interest
the only difference is the display in the chart period, if it is opened in a large period and the display space is wide then the input will be different.
Price goes either up or down. Its all about risk management. Make sure your winners are higher or more frequent then your losses and overall you'll be profitable...
If price would've pulled back a bit and continued higher, it wouldve been a break (of the resistance line you drew) and retest with a higher high... Its easy to give names to any movement afterwards but in short, price goed up or down and if your risk management is on point you should't really care which one happens
The best position for selling I think
There was a power move and usually power move happens most of the time market reverses grabbing liquidity so yeah 😅
Where is the trend taking you ? As we can see this is a (higher High or HH) More info is needed.
That is very good but today I seen a chart like this I forgot which one exactly I was expecting it to go down but kept pumping up
This is exactly my strategy
Only video in RUclips till now I saw not telling any BS and only correct statements..
You're videos give me brain aneurysms
with all duo respect you're right but there is nothing wrong with focusing on that breakthrough only as long as you're sill waiting for confirmation retest, indicator, and candlestick patterns etc..
Tight consolidation before BO is key point
He asked what I thought would happen. Well, I wouldn't give my opinion at all because:
1. I couldn't see past levels of support/resistance.
2. I couldn't see any deviation on MACD/RSI
3. I couldn't see if this was a part of overall DT or UT (to name a few).
So, no. I would never tell anyone what my opinion was without looking at the basic tools every trader should be implementing.
i was hoping that you switch to a bigger timeframe, but i guess we all have different strategies that work for us.
Is trade view good for trading?
Damn I got it wrong. I saw a giant green candle and thought the buying pressure was too much.
it is a fake out bro to wipe you out
Giant green candle is what we call an exhaustion candle...
I have been noticing a preceding spike indicating a future direction, its like the market saying "I want to go that way"
In my opinion, I always look for M Patterns, the market seems to really love painting M’s (M for Money”. I would of been waiting for that Long sell to the downside
Thank you❤
what is the statistics on it. You can simply say the seller would come. how many times does it has occur when there is a brakeout. Otherwise u would make your trade base on emotions.
In the move where price broke there is a oderblock gap in price plus we cannot see the higher time frame direction
I have alot to learn
Market was making HH and HL, did a LL than expected on trend which is the sell off if it doesn’t break the trend it could just be a rebounce to bullish momentum but the breakout was too aggressive so I went for bearish before i you finished
Better than most so I’ll give him that
No way to predict this, absolutely no way
that bullish breakout had way more strength than those weak sell candles. This would be a buy situation any day. This must of been a news event
I saw that coming due to ich concepts
He is right..
I traded this setup live, it's been the most difficult thing in my trading career. Loads of indecision and volume, daily candles green back to back, never knowing when it's going to end and breakouts that need you to stay in the screen 24/7
I'm waiting for the pullback, then entering from there in my TTP prop account.
Always look to the left
Very very important
It all depends on the volume reflecting. If volume is coming in strong specially on the higher timeframes then you know it will be probable continuation to the upside. If volume starts decreasing than you know what to do. Volume and market structure is key.
adx or other indi will help alot here
❤ Reading your book love it ❤
This can ruin your day
One thing I learned about trading, you never know where the price will go
Probably should be divergence on oscilators (MACD, RSI and others). 😉
That line is really weird its not at the high or at the high close it's just somewhere there , if you would have put it at the previous high you would see it did not yet confirm a brake so a long was completely out of the question and only a short was on the table, but for that you need confirmation.
There should be rsi divergence or wait for retest at bull side
This how gold moves . Pumped up then dump it like no tmw