Make Day Trading A Winnable Game (Stop Chasing Price Action!)
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- Опубликовано: 21 апр 2024
- SIMPLE DAY TRADING STRATEGY TO MAKE MONEY DAY TRADING!
Make Day Trading A Winnable Game (Stop Chasing Price Action!)
✅ Best Trade Setups Playbook⭐⭐⭐⭐⭐➤ stacey-burke-trading.thinkifi...
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My experience with day trading, stop loss hunting and smart money manipulation.
• How to improve your trading performance by avoiding stop loss hunting
• Key rules to avoid being a victim to stop loss manipulation and how to anticipate stop loss hunting practices
• How to think like a professional trader (and how to ditch the retail trader mentality)
• How to make money day trading and swing trading by understanding liquidity trading
• How to identify the Best Trading Setups
• The truth about smart money manipulation
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One Good Trade: Inside the Highly Competitive World of Proprietary Trading...tinyurl.com/vl7k2wt
Technical Analysis and Stock Market Profits ... Richard Schabacker ... shorturl.at/joPT3
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Disclaimer: The purpose of these videos is for educational purposes only. Nothing associated with this channel or videos should be taken as advice to buy/sell any specific financial market. It does not take your personal circumstances or financial situation into consideration. I nor anyone associated with this channel will accept any liability for any financial losses related to any content posted on this channel. Trading is risky so seek professional trading advice before taking any specific trades/investments.
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In the beginning It's hard to sit on your hands because you always feel like you're missing something. That's only because you haven't committed to one setup. When you finally commit you will be much more relaxed. The setups come to you not you searching for setups. Give yourself a break and learn to be patient. Believe me,you will thank yourself later. Stick to the script . Stacey is 100% right, this game is winnable.💪
Quite liberating to say the least 😄
facts, people are just trading cause the market is open but aren't actually innerstanding what they are trading WHICH MEANS THEY ARE GAMBLING. There are specific set ups, I personally like to trade set ups that go OOB or set ups that give a false break reversal followed by a FGD or FRD, i also like to trade 3 session set ups or even continuation set ups that typically fall on day 2's. If i don't see those specific set ups, I WONT TRADE. I don't give 6 farts if the market moves 400 pips without me, IF its not MY SET UP than I SHUT UP. Its really Simple out here in these trading streets. People are just impatient and chasing fast money. So everyone reading this, do this. Make a sticky note and write " WHAT SET UP AM I TRADING?" then place it in front of your computer. You are welcome. Tomorrow is Day 2, we are still front side, Professionals close the week. Think about that. 1% better each day.
facts, people are just trading cause the market is open but aren't actually innerstanding what they are trading WHICH MEANS THEY ARE GAMBLING. There are specific set ups, I personally like to trade set ups that go OOB or set ups that give a false break reversal followed by a FGD or FRD, i also like to trade 3 session set ups or even continuation set ups that typically fall on day 2's. If i don't see those specific set ups, I WONT TRADE. I dont give 6 farts if the market moves 400 pips without me, IF its not MY SET UP than I SHUT UP. Its really Simple out here in these trading streets. People are just impatient and chasing fast money. So everyone reading this, do this. Make a sticky note and write " WHAT SET UP AM I TRADING? " then place it in front of your computer. You are welcome. Tomorrow is Day 2, we are still front side, Professionals close the week. Think about that. 1% better each day.
Out of balance markets
ruclips.net/video/slJknj9Ued0/видео.htmlsi=GvL10NwJHTxb7Jyg
So true this my story as well 🙏🏻
FRD FGD are my ONLY go to setups now.. Today on EU FGD setup
What was my 3 day setup?
Thu ,Fri (FGD) (Signal Day)Mon(Possible Trade Day and it was)
What did I see?
Thu ,Dump day
Fri (FGD)
Marked off my levels at the end of the day after the NY session and walked away
Mon... came to my screen at NY session, saw my levels have been interacted with so I marked my current LOD and waited..
9: 15 my LOD gets taken out , 9:30 is equity open i switch to my 5 min chart and wait to see if I get my 20ema unverisal entry method.. I got it, entered my trade set my stops and targets and the rest is history... can't get more simple than that.. Stacey you're a boss👌👌
Love your written breakdown of your process kendeldouglas9054....Well done, mate!
Every 1 minutes of mindset video I have to turn in 0.75 speed, I know SB say all the things from his heart for Everybody. Thanks a lot, good luck all trader watch this video.
When Stacey speaks we listen. He's knowledge and information is priceless. Everything said here is truth and if you listen , step back and apply the knowledge given to you then you will see a significant difference in your trading. Thank you Stacey !
Truth from experience Reinhard! 😂 Thank you
I think we are struggling with unlearning the garbage 🗑 me specifically
1 % every day We will get there 🙏
We won't give up, Stacey!
thanks for your patience with us! 1% better every single day!
Patience is underated.
Timestamp 8:05 (just 17 seconds) and timestamp 20:05 (just 13 seconds) is pure wisdom!
i keept getting stuck in the 3rd hour gold trades, getting in too early.. tricked into thinking im wrong...missing the big move :( i need to learn patience
Toxicity normalcy is thriving across industries, and trading isn't an exception. Day 1 Day 2 Day 3 allows you to be content with not trading mere moves but on best trade setups that are easily explainable and repeatable. However, also being specific about what needs to happen before you can capitalise on that opportunity.
My call to traders: be content with sitting on your hands and waiting for the market to show its hand
Nonetheless, thanks for the mindset reset, coach ✨
Well said Sandy! Thank for sharing!
Well said. Straight facts.
Absolutely!
Oil triggered the LOD in London. LONDON: first hour dumped (BO of LOD), second hour dumped and formed a PFL at the LOW, LOD and locked in the level.35 minutes into the third hour gave an engulfment and closed above 20 ema on the 5 min chart. Gap time traded long and formed a PFH. New York: first hour: dump, stop hunt into London longs. Second hour consolidated and gave an engulfment 40 minutes into the hour at the PDL level for the buy. DnP setup in New York. Is this a right thinking process Mr. Burke? I've been stepping back and trying to observe the market. Thank you for your response.
No bitching, just price action and execution. 1% better everyday is the formula for exponential growth.(aka compound interest) keep going‼️
The (late)great David Paul said it takes 8-13 trades before you gain confidence in your trading plan. Get more specific on SETUPS and perfect your craft, the money will take care of itself.
Awesome video. I can't believe what I have been seeing lately on the charts once the light bulb started going off. Trading can be really easy. For those that are still struggling with the concepts don't follow a basket of instruments just start with one. Let's say you pick gold. Stacey says that there are only two types of setups a pump and a dump or a dump and a pump. Let's say that you us the 1 hr chart as your reference. Let's say gold is at a major resistance level. At this level what are you looking for? You are looking for gold to show you signs that it is ready to move to the next level. You know in your mind that it can only do one of three things. It can range sideways. It can go down and give a shorting opportunity or it can break through resistance and continue to go up. Regardless of what it does you can see it all happening on the 1hr and 15 min. If you continue to watch this one pair like this, one thing is for certain, somewhere within the week its going to breakout and give you the trading opportunity that you have been waiting for.
The other day I was watching videos by a few people that have mastered trading US30. They all said one thing that was a light bulb moment that simply confirmed what Stacey has been saying.
They said that they only take trades on US30 once it reaches the support or resistance level that they were looking for it to reach and shows signs that it is ready to move from that level/pin hammers/engulfments to the next. In other words, they are not looking to take a trade until it gets to the level. Once it gets to the level all you have to do is wait till its ready to go to the next level and take full advantage of it. Wow, can trading really be that easy? Lol
4:39
@@stephenberry5518 exactly. With your strategy you basically wait for price to breakout and move to a support or resistance level, show signs of rejection and take the reversal right?
"Stop chasing the Hot Chick" message of today 👌👌👌
I live on the east coast of Australia. Given my employment commitment, the London session suits me perfectly. Eventually the plan is to trade during the Asia session only using your amazing BTS. This will eventually lead to an amazing lifestyle.
It's the only strategy that I'm aware that can work for any session timings in the market.
I'm honored to have come across you on YT.
I've tried that strategy of placing stop orders before red news - you should see the size of my Yacht lol - did it twice - got absolutely hammered
Knowing the setups, coupled with patience is key!
Patience is the key word George! You are so right!
Great long trade on oil, and short trade on us 30, amazing
Burke laying it down! Quit your bitchin’ and listen 😂 F**ckin love it!! Thanks Stacey 😊
Thank you this was awesome!
Thank you kindly
Stacy, my brother, I have a question that is very important to me. I almost understand the pump and dump and the dump and pump, but my question is, for example, last week in gold they set top for a pump and dump. I don't know if you brought it up, but My question is, for example, Monday is opening range front side, I understand that it was a pump but why if Tuesday is front side is it still going down? What I want to know is when Monday becomes back side, and Tuesday is a continuation of the back. side, until Wednesday mid point rest front side please stacy that is the question I have. Please explain to me in that case I will watch your videos again
i love you for what you do man
Thanks Stacey, great coach talk. Your 2 cents is priceless to me 😎
I appreciate that Kosmojo! Thank you
Question mr Burke would you call today a day 2 set up on gold today. 22nd . I was hunting today . Took profit at last Mondays low. Absolutely smashed it
A long journey! Thank you!!
Keep it going Victoria! Awesome!
Great Recap as always Coach🤓 📚
I appreciate that Broken! Thank you!
DJ30 gave a few nice setups today. The afternoon reversal was good. 2nd hour sell… I ask myself “Where’s the money? “ Thanks Stacy
I will add it bounced at PML perfectly
Nice work! Love it!
Gold just straight puking while I'm watching this at 9:40 Monday evening. Wow
I'm still in the demo, I have the money to invest but I really want to master the pump and dump, dump and pump, by the way I made a purchase on the front side gold Tuesday
Yes, be petience ! 30-45 minute Booom
Based on the template would gold today be considered a first red day? Or Monday was the opening range and Tuesday might expand that?
the template on monday to wednesday is not same again after day 3 when breakout trader step in...if 3 days range its possible friday become free cash
GBPAUD FRD signal day from the high of the month was as easy as it gets. Both in Asia and in London.
Great trading DSJ! Second day continuation! Awesome!
Stacey, they dont wait because they want to be paid yesterday 😅
Correct Dejuty!
My point is trying to trade the open on US30 with a 25 point stop loss with slippage and broker manipulation ( all the games that these prop firms play) will kick your ass until you’re sick. I don’t think Stacey knows the games the brokers play. Thank god I have to trade regulated futures now and I’m doing 10X better. I do understand levels and setups but most people are going to get their clock cleaned on US30 and not being experienced. Not everyone is a sniper like Stacey Burke. I know from 9 million ass whoopins exactly what people are going to go through.
On Dow Jones. Use 65 to 75 point stop
Reloaded you tube, sound is back. 🎉
I never heard stacey talk like that 🤣🤣🤣.. Anyway FRD and FGD will still play out lmfao
6itching and moaning LMFAO
What makes it hard on me is I work 12 hour graveyard shifts and can only day trade 10 days out of 20. Sometimes I miss the parabolic trades and when I come to the NY session it's just a chop fest. It's hard to progress in this game doing it part time.
Wednesday is the SIGNAL day Haney...Thursday Friday
4:39 😂
Hi Stacey can you tell me where I went wrong. I was trading UJ in NY. I saw London made the hi and in the gap there were 3 pushes to the hi and what I thought broke down. I waited until it pulled back and got in at 10:45 when it was breaking down at the quarter level. Thinking ok it's a 3rd hour trade I finally got it. Then I was stopped out. Now I didn't have a 15 pip stop because I figured the hi was locked in. But if I did have a 15 pip stop I would still be in the trade but underwater. So then when should I cut the trade. Thanks
Sounds like you did the right thing so nothing wrong with getting stopped out.
@@stephenberry5518 thanks appreciate it. Tomorrows another day
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Limit orders at the high before MRN LMFAOOOOOOOO
Truth Marvelous! 😂
@@StaceyBurkeTrading the only thing they are LIMITING is their selves 👁️
Sorry for calling you brother coach, I didn't want to disrespect you, I'm a little excited because I'm understanding now it's time to control my emotions
No problem Lazaro! I don't mind! No disrespect taken! Have a great day!
you get wrecked by slippage
dont do it
Great vid Stacey ..... Thanks for your time.
I appreciate that Joke! Thank you
Great Trade nice and easy setup.
Stacey, I've been consistently hunting the easy setups when it comes to indexes and Gold.
strangely enough, I feel less relaxed when I trade a setup on currencies even tho a setup IS a setup.
I take money of to early, or close it to soon for it isn't moving as fast as I'd like to so AND are used to when comparing it to indexes/Gold.
Did you ever experienced to same unease for no reason at all?
Nonetheless, I feel I still have a long way psychology wise. and turn of my bias when it comes to Setups regardless the instrument.
But I mainly focus on the indexes and Gold.
Thank you for taking the time in sharing these GOLDEN insights. May the Markets always go with you!
Definitely relatable, mate 💯 Being a new developing trader, I only focus on the indices simply because they move in the 3rd session and so I can be comfortable is identifying the setup. I find currencies, oil and gold more intuitive when there's a MRN catalyst and first bounces never disappoint.
@@Sandyshores_rt I get what you're saying.
Gold Tho, Is the one I'm most comfortable with. once you understand "who's in the money" Gold isn't that hard to follow on it's price action.
Focus on the High/Lows and Gold will show you upfront what it wants to do. Keep studying it. It'll pay off. with gold it can go at any time but it'll let you know when the setup is forming..
Tip.
Ask yourself the question: Who's in the money?
@@AkilleesMrts I appreciate the insight, mate. Defos on my study list. I suppose that explains why many get chopped up a lot more on gold than anything else - it's the traps 😄