EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS. Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us. Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com PROGRAM INCLUDES: Full training course (beginner to advanced) Technical analysis training Full rules-based Strategies Risk management training Strategy optimization training Backtesting training Weekly analysis video (each Monday) 3 to 5 email alerts each week Pro Trader Report (email of analysis) Priority email mentorship (Me personally answering your questions) Review videos FREE Spreadsheet for backtesting Advanced AP1 pattern training Advanced Double bottom/top training And much much more... For any questions about the course email - support@thetradingchannel.net PROGRAM ACCESS - www.eaptrainingprogram.com Talk soon, Your honest trading coach, Steven
the first trade i made after watching this video like 3 times to make sure i knew everything, was a success +50 on eur usd! +1 for you my firend thanks
He's an amazing guy for sure. Buddy do you use the SQB strategy from Yuril zubong? If you don't then you should have a better strategy if anyone exist beyond the sqb. I only trade the sqb and I am recommending it to everyone although it is quite expensive, it is worth every penny spent on it. Google it up and write yuril zubong
Thanks for the kind words. No reason to give people false hope. Losing and being able to get back up for the next trade is a very big part of trading! Thanks for the comment!
I downloaded your video on divergence 2months ago.i watched it today and my trading career has taken a new turn. Thanks I still wish to learn more from you
tested it for 20 trades on live chart the thing is, the target on a previous structure high decreases a lot the probaility of a winning trade, but in over 75% of the time, once the price touches the 0.786 it goes back to 0.618, and then it decides to go either directions to liquidate orders also, most candles on the 1 hour chart retraces to the 0.786 from the previous candle (drawning from the candle open to high/low if green or red), so instead of watching multiple candles, it can be done with only 1 candle every hour, entry on 786 take profit on 618, 1:1 risk reward 75% win rate
Hi Steven. A BIG THANK YOU for your videos. I cannot explain how grateful I am to you for your videos. My attention span is not very good, but your videos definitely holds my attention. My understanding of the charts is not so chaotic anymore. Thank you once again. Grateful from South Africa
Thank you so much for your video. This was really clear and helpful. I'm going to watch more of your videos now to learn more. Really big thank you for making these videos!!!
dude i have to say this....i started my serious interest for trading reading a lot,back tested for maybe a month (if that) before putting my only available $200 in an account,it wasnt my last more of judgement call to buy my kids jordans (the 90th pair) or learn to trade and buy them jordans whenever they want lol,i wish i had the money for your course,i swear i do..your vids straight foward to the point which i love and i just want to say when i gain a lot more capital i will slide that debit card your way lol being i cant afford a course now i want to TY deeply from the depths of my soul for your free content i cant wait to buy this course,what u giving away for free to help people get started on making money is amazing...god bless you
I have to laugh at myself because I am not even trading and have nothing in it at all but I got excited. Actually this is the first time I have ever felt like I might be able to succeed at making money from anything other than my slave labor. Thank you for being selfless and helping others.
Just saw the enhanced 786 after watching this video again ... wow.. I love it... NOW TO START BACK TESTING haha Thank you for being clear and not talking about irrelevant things. You are a rare my friend :P
+Christopher Dulude Thanks Christopher! I like this strategy best on 5 min 15 min and 4 hr charts, may be a good place to start testing = ] . Good luck!
+The Trading Channel Quick question: Do you look at only one time frame(let's say the 5m chart) or follow your plan but look at all three time frames to make a concrete decision if they all three time frames concur? PS: I like forward testing on my demo account
So you use multiple time frame analysis to decide whether to take the 786 trade? I think that's what Christopher was getting at and eager to know myself. Thanks.
Dont complicated with my comment ....today 2021..march..20...i m beging to train ur structure trading..it is work for me..i think..and i wish..thanks...🙏🙏🙏🙏
+John Fifer Thanks man! If you decide to test this, then make sure to test for using it only when market is in trend and with different stops and multiple targets. Thanks for the comment!
АutоBinаrуSignаls is thе next gеneration of automated Binаryуyy Options trading.ABS is а unique wаy оf making monеу online through binаrу oрtiоns.Go hеre==> twitter.com/28b6ff78e5015b4ae/status/804699524132278272
Thanks Steven! This looks like an interesting strategy! I'm going to do some back testing during the weekend, and it that works out well I'm going to try it out live on Monday!
Correct me if I am wrong please. In your EURAUD example the price broke the ascending triangle without looking back. So, if I didn't have a sell stop waiting for that price to break, I would have missed the move. In this case I think this strategy "may" give the trader another chance to catch the move with a better R:R as you said (if the price tests the 786 level again! Since it doesn't have to do that everytime) So, at least for me, it is very good for a probable catch of a missed or unconfirmed breakout.
Hi Baher, I really enjoy comments like yours! Have you ever heard the artist phrase " once you show someone your painting, it no longer belongs to you " It is the same way with strategies. I have never thought to use the .786 like that, but it sounds like it could be a good idea. I am impressed by your creativity and keep those awesome comments coming! Talk to you soon
+The Trading Channel Well, you only realise the importance of backtesting once yo do that and see how not everything that looks promising at first look is profitable or you just don't know how to trade that correctly. Also, I enjoy watching equity curve rising over series of trades :) It takes a lot of time, but without doing it, it would take much longer to master this craft.
It’s working. It requires patience. Be mindful that market makers will hunt your stops. When that happens. Watch price closely with a magnify glass, once the hunt is over. It’s time to get back in the trade. 1H timeframe is best
Hey man awesome videos. I have been learning to trade for two years now and wished I had stumbled upon this channel sooner! Learning a lot of new topics and strategies from your perspective. I have one noob question, but I hope you have the time to answer it as it can better my understanding of this method: what is the underlying theory/principle behind targeting the .786 mark on the fib? Thanks again for these videos! keep up the good work
Herе аre just a fеw оf the kеy secrеts insidе my INCREDIBLE trading softwаre.==>twitter.com/2b221f57eb75c29b8/status/804699524132278272 Tutoriаl 786 trеnd соntinuаtion strаtegy How to trade forеx
Love your channel, so easy to learn from. Quick question maybe you can help me out(im a beginner) how do you go about studying these patterns. there's so many numbers and levels to remember per pattern. any tricks to help remember? thanks man and if you have some training coming out i'm all for it!
+Matt Impress Hey Matt, the best way i found to study the patterns is by writing down on a piece of paper all the ratios for each pattern and putting the paper in front of me on my desk and just scanning the market to try to find situations that met that set of rules for the individual patterns. Thanks for the interest in my training, i actually have a website that is due to launch around July! Thanks for the commnet!
Hey steven, from the perspective of balancing the risk reward ratio, i think the 61.8 is fair enough to execute, and you can get more chances to fill up compared with the 78.6.but anyway, this is a nice strategy, and keep it going. looking forward some nice videos.
this strategy actually works better with negative risk reward, an early entry wont help that much a deep 0.786 retracement is also a break of structure on lower time frames, if the target is the previous structure high/low, the odds are the price wont return there, because the trend was already reversed by the break of structure
this strategy is really strong when you mix it with harmonics. completed higher time frame harmonic with this happening no the lower time frame. bammmmmm green eggs and hammmmmm
Would I be right in saying for the explanation of 7:00 involving the bearish reversal that the loss could have been avoided simply by not taking a chance when there’s a lower high even though there was a higher low
Hi Steven, I like the stuff you presented here. Seems very simple and effective. My question however is how do I know whether this style will suit me or not? I am new to forex so trying to find someting that suits my personality. Appreciate
Well, this is a tough topic without knowing your personality, but the .786 strategy is very aggressive because you sell/buy as soon as the market hits the retracement level without waiting for another reason for entry. If you have a more conservative personality then you may feel more comfortable waiting for the market to give you another signal that it was going to continue in the underlying trend. Hope this helps and Thanks for the comment!
Wonderful strategy Steven I am learning a lot from u thanku buddy. . I have only one question as I am from India I wants to ask u onething is this strategy works in stocks and commodity too or its only for currency markets..
Nice Vid & well explained. What is the system you use to place your trades? Its much better than my MT4. I like how you can just drag down your stop loss, the simple things hey haha Keep up the good work
Hey. Thanks for the inspiration. I'm currently backtesting the .786 on 5min, USD/JPY, using an adapted RSI using various entry/stops, exploring relationship, if any, with trend line confluence, entry in relation to MA/EMA, shape of structure, whether we are trading into higher time frame resistance, whether we are trading with the higher time frame trend an whether there have been any previous higher highs/higher lows. Hopefully it allows some kind of combined technical indicator score to be used in order to make the strategy more profitable.Would be curious to know what thoughts spring from your infinite trading wisdom. Cheers again Steven.
That is a great idea Alex! I really like to see traders take these strategies in their own hands and create something better. The strategies I teach here on RUclips are very basic and have room for improvement, so I am glad to see you trying to improve them. I also look at higher time frame structure when placing the .786 trades. I just launched my EAP subscription program. In that program I have a training course that will show you exactly how i read structure and trade the markets everyday. If you are interested, then check it out at www.thetradingchannel.net/eap-subscription
Get the SQB strategy from Yuril zubong Joe. That is the only piece of strategy you need to trade with and be profitable in today's market. You don't have to take my word for it but you can just look it up on google. Reach out to yuril zubong for help
Hello Delon , you can use IB or TD Ameritrade. Buddy do you use the SQB strategy from Yuril zubong? If you don't then you should have a better strategy if anyone exists beyond the sqb. I only trade the sqb and I am making unbelievable profits and so I am recommending it to everyone although it is quite expensive, it is worth every penny spent on it. Google it up and write yuril zubong
What is the time frame of the chart you used to show the .786 strategy? I am currently looking at the USD/CAD (3-19-16) for application of this strategy.
+C. Allen Hi C.Allen! i am trading the 1hr timeframe throughout this video i believe and i just took a look at the USDCAD chart. What time frame were you looking at? Thanks for the comment!
+The Trading Channel. I typically looked to draw fibs on the 4h chart so that my trading would be in line with the major banks. On the 4h chart, USD/CAD is currently sitting just below the .786 and looks ripe to short.
Hey Steve! I have been watching your videos and have back tested them a couple of times now. in one of your videos you mentioned about you spending 300 hours back testing your strategy and putting them on a spreadsheet. since clearly these system of yours are clearly successful do you recommend that I should put in the same amount of time back testing before live trading? I have confidence in finding those break above close above patterns!
You should test it for confidence and to see how many times .786 is even hit. If you go on trading and lose you have no one to blame but yourself. I tested it myself and had to rename it .618 trend continuation.
Hey Rene, Price answered your question perfectly. Could not have said it better my self. I cannot tell you when you are comfortable trading with a live account, as Price said, you test until you are confident. For me that takes atleast 100 trades per pair and per time frame. Thanks for the comment!
Great video THX I've a question, hope you can help with I'm new at trading and I'm using MT4 how do you add or remove Fibo lines 'cause I can't find .786
+Juan Torres Hi Juan, sorry for the delayed response. I have been on vacation for the past week and chose not to take my computer with me. I have never used MT4 i only use ninjatrader and trading view for my analysis. I tried MT4 for a while and just did not like their trading platform. On ninjatrader you just right click the the retracement tool and choose format in order to customize the ratios. I hope this helps and Thanks for the question. Keep them coming!
Juan Torres Hi Jaun, thanks for the comment! Yes i plan to have a website up and running within the next couple of months. I am actually working on it right now. I may do a promotional video explaining all the details of the live room and the website before i launch it. Its great to know that you are interested in something like that!
+Pau Marquez Hi pau! Thanks alot for subscribing! This video LINK: ruclips.net/video/dZjSVg8LZz8/видео.html I explain how to set up a spreadsheet for backtesting and exactly how to go about the backtesting process. I hope this helps! If This does not help then just leave me another comment and i will post another video and try to explain it a little better. Thanks for the comment! Keep them coming!
its about keeping your profits bigger than your loses. so if you win half of the time, but win more than you lose the other half, you are profitable. its not only about how often you win, its about the ratio of your profits/loses
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Hi steve thanks for the video i just have one question i hope to answer it for me the questions is how to tell the difference between cypher pattern and trend continuation trade ??? Since the rules of cypher could potentially be trend continuation trade ???
+wissam physics Well you do not really have to tell the difference. Alot has to happen for a cypher pattern to form and most of the time the trend continuation trades that i take (even Though i trade them at the .786) do not form a cypher pattern. If i ever have a choice between the two though i just choose to take the cypher pattern because of the rules i wrote while backtesting both of these strategies. So when you are testing them just see which one works better for you and pick that one if you have both kinds of trades forming on your charts. Thanks for the comment! Keep them coming
+Kuda Makavanye Hi Kuda, I have a couple of other video requests that i have to do first, But after them i will do another video on how to amplify the .786 strategy and make it easier to trade and spot. Thanks for the comment!
The SQB strategy works on all time frames and it is basically the way everyone is supposed to trade. It is the same way the professionals trade and yuril zubong is teaching it to 500 new students. I use this strategy and I am telling you it is the best thing you can get your hands on and I can help you get in if you are interested.
EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS.
Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us.
Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com
PROGRAM INCLUDES:
Full training course (beginner to advanced)
Technical analysis training
Full rules-based Strategies
Risk management training
Strategy optimization training
Backtesting training
Weekly analysis video (each Monday)
3 to 5 email alerts each week
Pro Trader Report (email of analysis)
Priority email mentorship (Me personally answering your questions)
Review videos
FREE Spreadsheet for backtesting
Advanced AP1 pattern training
Advanced Double bottom/top training
And much much more...
For any questions about the course email - support@thetradingchannel.net
PROGRAM ACCESS - www.eaptrainingprogram.com
Talk soon,
Your honest trading coach,
Steven
the first trade i made after watching this video like 3 times to make sure i knew everything, was a success +50 on eur usd! +1 for you my firend thanks
Haha. Im finally watching this tutorial. I have heard you speak about this trade so many times. Im such a big fan of your work.
He's an amazing guy for sure. Buddy do you use the SQB strategy from Yuril zubong? If you don't then you should have a better strategy if anyone exist beyond the sqb. I only trade the sqb and I am recommending it to everyone although it is quite expensive, it is worth every penny spent on it. Google it up and write yuril zubong
It's refreshing to see a trader post both winners AND losers! Thumbs up.
Thanks for the kind words. No reason to give people false hope. Losing and being able to get back up for the next trade is a very big part of trading! Thanks for the comment!
I downloaded your video on divergence 2months ago.i watched it today and my trading career has taken a new turn. Thanks I still wish to learn more from you
tested it for 20 trades on live chart
the thing is, the target on a previous structure high decreases a lot the probaility of a winning trade, but in over 75% of the time, once the price touches the 0.786 it goes back to 0.618, and then it decides to go either directions to liquidate orders
also, most candles on the 1 hour chart retraces to the 0.786 from the previous candle (drawning from the candle open to high/low if green or red), so instead of watching multiple candles, it can be done with only 1 candle every hour, entry on 786 take profit on 618, 1:1 risk reward 75% win rate
Hi Steven. A BIG THANK YOU for your videos. I cannot explain how grateful I am to you for your videos. My attention span is not very good, but your videos definitely holds my attention. My understanding of the charts is not so chaotic anymore. Thank you once again. Grateful from South Africa
Thank you so much for your video. This was really clear and helpful. I'm going to watch more of your videos now to learn more. Really big thank you for making these videos!!!
Did you benefit!?
dude i have to say this....i started my serious interest for trading reading a lot,back tested for maybe a month (if that) before putting my only available $200 in an account,it wasnt my last more of judgement call to buy my kids jordans (the 90th pair) or learn to trade and buy them jordans whenever they want lol,i wish i had the money for your course,i swear i do..your vids straight foward to the point which i love and i just want to say when i gain a lot more capital i will slide that debit card your way lol being i cant afford a course now i want to TY deeply from the depths of my soul for your free content i cant wait to buy this course,what u giving away for free to help people get started on making money is amazing...god bless you
I have to laugh at myself because I am not even trading and have nothing in it at all but I got excited.
Actually this is the first time I have ever felt like I might be able to succeed at making money from anything other than my slave labor.
Thank you for being selfless and helping others.
Wow, what a strategy❤
Thank God I start all the videos from beginning
i really enjoyed the video. Keep up educating us
Great Teaching and Great Strategy... Working Fine with Me. Thanks A Lot Man🎉🎉🎉🙏🏻👍🏻☺️
This channel is helping
Just saw the enhanced 786 after watching this video again ... wow.. I love it... NOW TO START BACK TESTING haha
Thank you for being clear and not talking about irrelevant things. You are a rare my friend :P
+Christopher Dulude Thanks Christopher! I like this strategy best on 5 min 15 min and 4 hr charts, may be a good place to start testing = ] . Good luck!
+The Trading Channel Quick question: Do you look at only one time frame(let's say the 5m chart) or follow your plan but look at all three time frames to make a concrete decision if they all three time frames concur?
PS: I like forward testing on my demo account
So you use multiple time frame analysis to decide whether to take the 786 trade? I think that's what Christopher was getting at and eager to know myself. Thanks.
Love your videos man. Very informative and simple to understand
you teach like a master really appreciate
Thanks for the great Comment!
And finally it can be valid for future market ...
Dont complicated with my comment ....today 2021..march..20...i m beging to train ur structure trading..it is work for me..i think..and i wish..thanks...🙏🙏🙏🙏
Dude love your vids, best how to trade on youtube
+Brian Lofsten Hey Brian! thanks for the compliment man!
Preciate your videos real and raw.Great training!
+John Fifer Thanks man! If you decide to test this, then make sure to test for using it only when market is in trend and with different stops and multiple targets. Thanks for the comment!
thank you for this. so this is possible for lower timeframes. like 5mins.
The 786 retracement doesn't happen very often. But great video, thanks for sharing.
Me gusta esta estrégia, saludos desde Chile
Can we do it in all time frames?
really good video. I like how you show your trades. thanks
Is that an indicisive cadle
جامد موووت >>>great training video
Thank you Kareem
magnificent simple strategy i bow.
Great Video! Such a simple strategy, especially for someone such as myself to get started. Thank you for sharing.
Thanks for the comment!
АutоBinаrуSignаls is thе next gеneration of automated Binаryуyy Options trading.ABS is а unique wаy оf making monеу online through binаrу oрtiоns.Go hеre==> twitter.com/28b6ff78e5015b4ae/status/804699524132278272
Thanks Steven! This looks like an interesting strategy! I'm going to do some back testing during the weekend, and it that works out well I'm going to try it out live on Monday!
Hey Peter, thanks for the comment! Let me know what you come up with.
Thank you so much
Good job🙏🙏🙏
Correct me if I am wrong please. In your EURAUD example the price broke the ascending triangle without looking back. So, if I didn't have a sell stop waiting for that price to break, I would have missed the move.
In this case I think this strategy "may" give the trader another chance to catch the move with a better R:R as you said (if the price tests the 786 level again! Since it doesn't have to do that everytime)
So, at least for me, it is very good for a probable catch of a missed or unconfirmed breakout.
Hi Baher, I really enjoy comments like yours! Have you ever heard the artist phrase " once you show someone your painting, it no longer belongs to you " It is the same way with strategies. I have never thought to use the .786 like that, but it sounds like it could be a good idea. I am impressed by your creativity and keep those awesome comments coming! Talk to you soon
Glad to see tutorials on Oanda! Love their platform. Do you use rolling stops?
thanks man for sharing your knowledge very easy to understand
Thanks for the kind words!
I will try it, thanks
How many pairs do you trade at the same time with this strategy?
Hay this is grate i loved it thanks for taking the time to show some of your strategies awesome.
+Dawn Gaddis Thanks man! Keep the comments coming!
Great video, useful info
thanks. great training video
Thanks for the comment!
Did some backtesting on this. So far so fun
+Ernestas Kvedaras That is great to hear Ernestas! Yea most people do not like to backtest but i find it to be relaxing.
+The Trading Channel Well, you only realise the importance of backtesting once yo do that and see how not everything that looks promising at first look is profitable or you just don't know how to trade that correctly. Also, I enjoy watching equity curve rising over series of trades :) It takes a lot of time, but without doing it, it would take much longer to master this craft.
It’s working. It requires patience. Be mindful that market makers will hunt your stops. When that happens. Watch price closely with a magnify glass, once the hunt is over. It’s time to get back in the trade. 1H timeframe is best
really helpful video bro!
Thanks for the comment!
Hey man awesome videos. I have been learning to trade for two years now and wished I had stumbled upon this channel sooner! Learning a lot of new topics and strategies from your perspective. I have one noob question, but I hope you have the time to answer it as it can better my understanding of this method: what is the underlying theory/principle behind targeting the .786 mark on the fib? Thanks again for these videos! keep up the good work
Very cool strategy, Steven. Thank you!
Thanks for the comment!
Herе аre just a fеw оf the kеy secrеts insidе my INCREDIBLE trading softwаre.==>twitter.com/2b221f57eb75c29b8/status/804699524132278272 Tutoriаl 786 trеnd соntinuаtion strаtegy How to trade forеx
Good video, keep them coming.
+William Huang Thanks william!
William 2 years later i May ask you ; did this strategy work? :)
Hello,How Strong is 786 Levels ?
Great content. Everything fits so Perfect like its Magic :). Wow wish i met you before loosing over 100K USD trying all sorts of strategy :(
Thanks for the comment and I am very sorry to hear of your losses.
His new stuff is a whole lot better.
Love your channel, so easy to learn from. Quick question maybe you can help me out(im a beginner) how do you go about studying these patterns. there's so many numbers and levels to remember per pattern. any tricks to help remember? thanks man and if you have some training coming out i'm all for it!
+Matt Impress Hey Matt, the best way i found to study the patterns is by writing down on a piece of paper all the ratios for each pattern and putting the paper in front of me on my desk and just scanning the market to try to find situations that met that set of rules for the individual patterns. Thanks for the interest in my training, i actually have a website that is due to launch around July! Thanks for the commnet!
Hey steven, from the perspective of balancing the risk reward ratio, i think the 61.8 is fair enough to execute, and you can get more chances to fill up compared with the 78.6.but anyway, this is a nice strategy, and keep it going. looking forward some nice videos.
this strategy actually works better with negative risk reward, an early entry wont help that much
a deep 0.786 retracement is also a break of structure on lower time frames, if the target is the previous structure high/low, the odds are the price wont return there, because the trend was already reversed by the break of structure
this strategy is really strong when you mix it with harmonics. completed higher time frame harmonic with this happening no the lower time frame. bammmmmm green eggs and hammmmmm
Hi Steve fantastic clip, this is how I trade, this and a couple of patterns . Would you be so kind as to share which pairs you trade?
Hey Sam, I may do a video on this in the future. Thanks for the comment.
thanks steven hart love your videos is this effective in 1 minute chart?
This is GOOD VIDEO
I salute you brother (y)
Can it be used on higher time frame
Would I be right in saying for the explanation of 7:00 involving the bearish reversal that the loss could have been avoided simply by not taking a chance when there’s a lower high even though there was a higher low
added this to one of my strategy where i did not know what to do now it make sens
Great to hear Sam! Thanks for the comment
Awesome video, thanks for sharing! How many candles do you use to determine your support/resistance levels?
Hey Jay, Thanks for the comment! I use levels that have been touched multiple times on HTFs.
hmmm, how do you determine your levels?
They just basically wicks/taps on a trend line? If so, how many taps/touches do you look for to validate this method?
thank u, sir
Hi Steven, I like the stuff you presented here. Seems very simple and effective. My question however is how do I know whether this style will suit me or not? I am new to forex so trying to find someting that suits my personality. Appreciate
Well, this is a tough topic without knowing your personality, but the .786 strategy is very aggressive because you sell/buy as soon as the market hits the retracement level without waiting for another reason for entry. If you have a more conservative personality then you may feel more comfortable waiting for the market to give you another signal that it was going to continue in the underlying trend. Hope this helps and Thanks for the comment!
Hi dude, no doubt, its amazing. But bit difficult to understand. Can u make new now pk?
How can we know to go long or short..?
Also can you give me a best fib all setting for my tradingview ..🔊
good strategy, thank you for sharing sir
Thanks for the comment!
What is the winning percentage of this strategy and which pairs are the best for it?
Are the small blips of structure considered a swing high or low? Do they count as market structure or is it the overall extension?
Wonderful strategy Steven I am learning a lot from u thanku buddy. . I have only one question as I am from India I wants to ask u onething is this strategy works in stocks and commodity too or its only for currency markets..
Hi, I am not sure. I have not tried this strategy in those markets. Thanks for the comment
What timeframe is this strategy based on? I apologize if you mentioned it in the video but I did not catch that.
Hey Steven,
Thanks for uploading excellent videos!
Do you look for these 0.786 set-ups in trending market or any markets?
Hi Darryl! I look for .786 as trend continuation or as a range based strategy if the market has been ranging for a while. Thanks for the comment!
Darryl Kwok hey do u know how to set 78.6 strategies set up on meta trader 4
Nice Vid & well explained.
What is the system you use to place your trades? Its much better than my MT4. I like how you can just drag down your stop loss, the simple things hey haha Keep up the good work
Hey Nick, Thanks, and I use tradingview.com to do my analysis.
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So do you take the trade on the 1 hour chart and watch it on the 5 min like in the live video? Or, are you taking the trade on the 5 min chart?
Hey , I trade this strategy on multiple time frames. Thanks for the comment
Hey! Could this be reversed for "short" positions also? ...
Hi Steven; isn't the bullish candlestick with the yellow circle a broken fractal?
Hey Andre, It is. Thanks for the comment!
Hey. Thanks for the inspiration. I'm currently backtesting the .786 on 5min, USD/JPY, using an adapted RSI using various entry/stops, exploring relationship, if any, with trend line confluence, entry in relation to MA/EMA, shape of structure, whether we are trading into higher time frame resistance, whether we are trading with the higher time frame trend an whether there have been any previous higher highs/higher lows. Hopefully it allows some kind of combined technical indicator score to be used in order to make the strategy more profitable.Would be curious to know what thoughts spring from your infinite trading wisdom. Cheers again Steven.
That is a great idea Alex! I really like to see traders take these strategies in their own hands and create something better. The strategies I teach here on RUclips are very basic and have room for improvement, so I am glad to see you trying to improve them. I also look at higher time frame structure when placing the .786 trades. I just launched my EAP subscription program. In that program I have a training course that will show you exactly how i read structure and trade the markets everyday. If you are interested, then check it out at www.thetradingchannel.net/eap-subscription
Very interested. Do you use Fibonacci confluence on higher timefarmes to determine whether the trade fits the plan?
Hi Steven,
what drawing tool do you use?
Hi,
The drawing tool we use for our videos is Epic Pen.
Best regards, TTC Support Team.
Get the SQB strategy from Yuril zubong Joe. That is the only piece of strategy you need to trade with and be profitable in today's market. You don't have to take my word for it but you can just look it up on google. Reach out to yuril zubong for help
Hi Steve, do you use a trendfilter mechanism to make sure you're on the right side of the markets move, like for instance by checking a bigger TF?
Hey, Yes, top down analysis is a very big part of my trading. Thanks for the great Comment!
Hey.. I just would like to know which trading platform you use to trade? It looks very easy and simple.. Please let me know Thanks
Hello Delon , you can use IB or TD Ameritrade. Buddy do you use the SQB strategy from Yuril zubong? If you don't then you should have a better strategy if anyone exists beyond the sqb. I only trade the sqb and I am making unbelievable profits and so I am recommending it to everyone although it is quite expensive, it is worth every penny spent on it. Google it up and write yuril zubong
Do you think this strategy works with stocks as well?
I am not sure, you would have to test it to find out. Thanks for the comment!
What is the time frame of the chart you used to show the .786 strategy? I am currently looking at the USD/CAD (3-19-16) for application of this strategy.
+C. Allen Hi C.Allen! i am trading the 1hr timeframe throughout this video i believe and i just took a look at the USDCAD chart. What time frame were you looking at? Thanks for the comment!
+The Trading Channel. I typically looked to draw fibs on the 4h chart so that my trading would be in line with the major banks. On the 4h chart, USD/CAD is currently sitting just below the .786 and looks ripe to short.
sir thanks for such wonderful ideas. whether such strategy can be applied in any market i.e. equity, commodity..etc
Hi, I am not sure. You would have to test it in those markets, I only have traded Forex. Thanks for the comment
sir,,what percentage of rate of investment at least per month is expected from professional trader ?
whether professional trader does necessarily mean intraday trader earning consistent profits
Does this Trading style works on Equity Stock?
Steve another great video. You make a great teacher.
on this strategy we enter with a limit order at fibonacci point 78.6? does it work in any time frame, for example 5 minutes?
is there any rule with the 200 ema..?Buy only if above or sell if below.the 200 ema..? Nice videos ..
That would be a nice rule to add and test. Thanks for the comment!
How does breaking through 3 support levels results in a bearish movement?
Iknow these videoss are old but is there anyway we can get on a phone call?
Hey Steve! I have been watching your videos and have back tested them a couple of times now. in one of your videos you mentioned about you spending 300 hours back testing your strategy and putting them on a spreadsheet. since clearly these system of yours are clearly successful do you recommend that I should put in the same amount of time back testing before live trading? I have confidence in finding those break above close above patterns!
You should test it for confidence and to see how many times .786 is even hit. If you go on trading and lose you have no one to blame but yourself. I tested it myself and had to rename it .618 trend continuation.
+Price Chinedum thanks for the heads up. What pair and time frame did you back test it on?
AUDUSD 4h
Hey Rene, Price answered your question perfectly. Could not have said it better my self. I cannot tell you when you are comfortable trading with a live account, as Price said, you test until you are confident. For me that takes atleast 100 trades per pair and per time frame. Thanks for the comment!
Thank you so much for your help.
How can i use This Strategy on Mt5?
Great video THX I've a question, hope you can help with I'm new at trading and I'm using MT4 how do you add or remove Fibo lines 'cause I can't find .786
+Juan Torres Hi Juan, sorry for the delayed response. I have been on vacation for the past week and chose not to take my computer with me. I have never used MT4 i only use ninjatrader and trading view for my analysis. I tried MT4 for a while and just did not like their trading platform. On ninjatrader you just right click the the retracement tool and choose format in order to customize the ratios. I hope this helps and Thanks for the question. Keep them coming!
Thank you Steve I'll try that ,if you don't mind bother you again
Juan Torres Not a bother at all Jaun! i enjoy helping people that are eager to learn!
Thx Steve by the way are you thinking in opening live tutorials when you are trading so we can learn and ask questions on real time?
Juan Torres Hi Jaun, thanks for the comment! Yes i plan to have a website up and running within the next couple of months. I am actually working on it right now. I may do a promotional video explaining all the details of the live room and the website before i launch it. Its great to know that you are interested in something like that!
Could you upload the backtesting spreadsheet? I'll backtest it myself but that would help.
Thanks for the videos! You got a new subscriber! :)
+Pau Marquez Hi pau! Thanks alot for subscribing! This video LINK: ruclips.net/video/dZjSVg8LZz8/видео.html I explain how to set up a spreadsheet for backtesting and exactly how to go about the backtesting process. I hope this helps! If This does not help then just leave me another comment and i will post another video and try to explain it a little better. Thanks for the comment! Keep them coming!
appreciate your prompt response, I've to say you can teach we can learn
may i ask about your success rate using this strategy?
around 48% - 55% depending on the pairs and year. Thanks for the comment.
its about keeping your profits bigger than your loses. so if you win half of the time, but win more than you lose the other half, you are profitable. its not only about how often you win, its about the ratio of your profits/loses
Steven, don't you take into account the higher time frame with your 786 strategy?
I do top down analysis before each trade that I enter, so yes. Thanks for the comment!
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Hi steve thanks for the video i just have one question i hope to answer it for me the questions is how to tell the difference between cypher pattern and trend continuation trade ??? Since the rules of cypher could potentially be trend continuation trade ???
+wissam physics Well you do not really have to tell the difference. Alot has to happen for a cypher pattern to form and most of the time the trend continuation trades that i take (even Though i trade them at the .786) do not form a cypher pattern. If i ever have a choice between the two though i just choose to take the cypher pattern because of the rules i wrote while backtesting both of these strategies. So when you are testing them just see which one works better for you and pick that one if you have both kinds of trades forming on your charts. Thanks for the comment! Keep them coming
thanx for the video please can you outline the procedure in point form....they is somewhere lm missing
+Kuda Makavanye Hi Kuda, I have a couple of other video requests that i have to do first, But after them i will do another video on how to amplify the .786 strategy and make it easier to trade and spot. Thanks for the comment!
+The Trading Channel Thanx for your patience
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how do you enter the trade?
Thanks
Thanks for the comment!
How do you decide on how many pips to take fr your stop loss ?
I use an ATR stop loss above the previous swing high for the .786 pattern. Thanks for the comment!
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Does this strategy work swing trading on the Daily chart?
The SQB strategy works on all time frames and it is basically the way everyone is supposed to trade. It is the same way the professionals trade and yuril zubong is teaching it to 500 new students. I use this strategy and I am telling you it is the best thing you can get your hands on and I can help you get in if you are interested.