To add: every time a support level is touched, more and more buyers are 'satisfied', and so the support grows weaker as buying pressure decreases. Similarly, every time a resistance level is touched, more sellers sell, so the resistance grows weaker. There are no guarantees, but generally after a massive move down you can expect a revisit of support at least one more time, so don't rush to catch knives.
Know what a stop raid is? I understand the frustration though, hope that changed ICT, Inner circle trader, seems to give a somewhat good basis for beginners. Naturally though, I think the first rule of all this is to know that you can't really how things will go Two, maybe write down why you took a trade each time you take one. With good money mgt, you can flip the coin and still be successful. Follow the trend, from higher timeframes obviously. 1hr, 4hr, 1D candles are better... Anyways, hope we'll both be successful somehow, or maybe give up and do something else
I do enjoy this video and I truly appreciate that you've used actual "zones" instead of price lines. I would recommend an adjustment to the choice of words for the understanding and perspective of new learners with respect to support and resistance. Instead of "support and resistance", "Supply and Demand". This is based on definition with consideration to nomenclature. Just my two cents. Great video.
That's the easy part to identify the hard part is realizing these levels need to be frequently evaluated and adjusted properly as needed in order to successfully trade them
My only critique is that price does not move, it aggregates. There can never be more buyers than sellers, because for every seller, there has to be a buyer. Trend and direction shows aggression. Who is more aggressive buyers or sellers? Who is bidding? Who is placing orders on the ask?
With 15k you can have 20-50 dollars allocation and we can make More as x20 or x30, and Don t forget this month for exemple is 10 ido and a very big ido when you make in every ido 500 dollars in ein month you refund your investissement
This is very straight to the point! I love it
To add: every time a support level is touched, more and more buyers are 'satisfied', and so the support grows weaker as buying pressure decreases. Similarly, every time a resistance level is touched, more sellers sell, so the resistance grows weaker. There are no guarantees, but generally after a massive move down you can expect a revisit of support at least one more time, so don't rush to catch knives.
What about those V reversals?
@@tmiles9747 that's the BRRRRRRRRRR 🤑
no such thing as buying and selling pressure
@@matthewcoppola5149 Can you explain what you mean? Thanks
I feel like at this point I know all the theory, can read price action, can even teach others but still not successful myself
its your mindset and risk management focus on that and master that first and you will see a difference
Know what a stop raid is?
I understand the frustration though, hope that changed
ICT, Inner circle trader, seems to give a somewhat good basis for beginners.
Naturally though, I think the first rule of all this is to know that you can't really how things will go
Two, maybe write down why you took a trade each time you take one.
With good money mgt, you can flip the coin and still be successful.
Follow the trend, from higher timeframes obviously.
1hr, 4hr, 1D candles are better...
Anyways, hope we'll both be successful somehow, or maybe give up and do something else
Daim - the most useful short form video on youtube. thanks!
Thank you for this video. I understood what other has made a 20 minutes video in this short video. New subbie ♥️
i really like this id love more down to earth videos to explain stocks like this
never thought id find the mango street guy runniing a finance channel but I cant complain love both your photography and finance vids man!
I do enjoy this video and I truly appreciate that you've used actual "zones" instead of price lines. I would recommend an adjustment to the choice of words for the understanding and perspective of new learners with respect to support and resistance. Instead of "support and resistance", "Supply and Demand". This is based on definition with consideration to nomenclature. Just my two cents. Great video.
Thank you I was so confused and watch a few videos to find out the the lines and colors meant. 🤣 you summed it up in a nutshell thank you.
Omg thank you!!! Straight to the point 🙏🏼
Love it simple, straight to the point . No 10 mns explanations , like this. Draw lines on whole screen crap
Understood this right away😯
That's the easy part to identify the hard part is realizing these levels need to be frequently evaluated and adjusted properly as needed in order to successfully trade them
Great analogy and explanation. Thank you so much
Thank u for being my liquidity ❤
wanna send me ur profits?
@@AnyConcept yes
Please make a course haha I would definitely purchase it
confirmation, THANKS BEST/.saved the video to send to my friend /he dont blv this is the key to make some chash
Thank you this is really easy to understabd
Awesome, I'm sharing this instead of explaining it. Thanks man
Perfect explanation. Simplified for a 5yo
Supply and demand, Support and resistance, 2 crucial elements
Top trading books you've read? Could be fun video idea. Some of mine on the psych side are zen in the markets &trading in the zone.
only two i’ve read: trading in the zone and volume price analysis.
@@DanielInskeep Awesome, I read volume price analysis too (anna coulling?) great book.
Most beautiful description
Thank you!!!!
You are great GREAT
Brilliant content!😄
Nice explanation
My only critique is that price does not move, it aggregates. There can never be more buyers than sellers, because for every seller, there has to be a buyer. Trend and direction shows aggression. Who is more aggressive buyers or sellers? Who is bidding? Who is placing orders on the ask?
Oh my god thank you so much!!!
Thanks 😊
ive always been confused about buyers and sellers in regards to trading. who are you referring to when one hears those two terms?
clear and simply
Great work sir 😊🙏
I love this
This video shows me the top of the market is here and 'dumb' money is heavyweight. Don't be one of those holding the bag.
Gotta be kidding me 😂. I'm a day trader and photographer. I love Mango Street!! Now this?!?? C'mon, man. Let's just be buds. Find me in Columbus.
Guys its not working, dont trust this, u know what, do it, you are just helping me win
Why would sellers want to push the price down?
to make money
Where and at what period you look at to get those damn lines?? Why everyone is skipping this part?
you could do it on any time frame, but the more significant ones are on higher time frames like the daily, 4hr, 2hr, etc.
KEEP 🚀🚀🚀
Can you look at the dinger chart
Great
I still don't get stocks! 😭
👍👍👍👍
Timing should be how many minutes 5 10 15 half hour or which ?
With 15k you can have 20-50 dollars allocation and we can make More as x20 or x30, and Don t forget this month for exemple is 10 ido and a very big ido when you make in every ido 500 dollars in ein month you refund your investissement
So the area between R and S is the range
Hey im a teenager and i wanna make some money without a job you gave any ideas or what should invest my money in
Just keep it simple. Put it into the S&P500
Index funds are simple and pretty safe, you are young so you should make some sacrifices and play with your money. Maybe try bitcoin trading etc.
❤️
Cool! More please
👍
Bro please release a course/discord lol
This info is not quite accurate, the markets are algorithmically controlled, buyers and sellers do not move the market.
I'am trader
i am sorry but i didn't understand much
Blah blah basic retail nonsense, good luck trading like this