2 COMMON MAJOR REVERSAL TRADING PATTERNS

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  • Опубликовано: 22 окт 2024

Комментарии • 59

  • @loftworxx777
    @loftworxx777 2 года назад +10

    Seeing the latest videos, of the last 3 months, I do get a much better understanding of the older ones. The late soccer player Johan Cruijff once said: "You will only see it when you get it.". I do not belong to the "smart money" but to the "not so smart money" so it took me some time to grasp the concept. But when you put in the work, the hours studying and testing anyone can figure it out. And believe me, the rewards are phenomenal.

  • @stefanoponeti6387
    @stefanoponeti6387 2 года назад +15

    After nearly finished "Start Here" playlist I'am start to seeing all of the concept everywhere in the charts , this is incredible and amazing.
    Thank you for time you spend to teach us🙏😊

  • @freeyourmind4349
    @freeyourmind4349 4 месяца назад

    This is starting to click. I scalped last night London session GBPUSD and GBPCAD and then got in on the weekly move today(Friday) FREE CASH!
    I’m on top of the world lmao I love this channel and Stacey is a real G. Outstanding! What a human being

  • @TC-si8de
    @TC-si8de 2 года назад +5

    Thanks Stacy! I caught gold & oil at 6am est. Then caught US30 on equity open. Good stuff

  • @jellis333j7
    @jellis333j7 2 года назад +4

    Thanks for your insight. I never use the 1min. but I did look at one after this and the pattern was clearer for me.

  • @rossburland8645
    @rossburland8645 2 года назад +3

    what would be great is if you showed us some live trading or analysis and action thereof. or provided a members area, paid for, subscription, where we can sit with you in a live webinar - a question and answers session, three times per week....for example....we had the rba last night...we have had some great moves into and around the event and subsequent thereof....we are now back below pre rba day lows and near to the weeks low 6763 and the NY session is taking out the 6775s with a low of 6764 in the third hour of the equities window.... would be great to be able to read your mind right now.....what are you seeing....? what are the trading scenarios at this point?....what do we need to see for a set up for either long or short? we have money above 0.68 in stops I'm sure and money below the week's low in stops im sure....but its a coin toss which way they will take this at this point....hence a live webinar would be really useful at times like this, well, all of the time...to help us grasp what we should be looking for. i came here looking for your reversal video expecting demand at the week's low... and a stop hunt back above 6800 to squeeze the shorts out of the rba ... however, so far im seeing price making three pushes towards the weekly low in NY equities hours with lower wick highs and a fourth push lower with a lower wick low...so does that mean the bias is bearish still and we should not be looking for a reversal yet ? would your expectations be that this is going to take out the weekly low and push lower to, say, 6750 for the rest of the day in the US session or do we sit on our hands and wait and see if the weekly low gets broken first and instead wait for the close of the day to make a plan for the Asian session to make our next move? All i see is a bearish 15 min channel that is failing to take out the week's low at the end of the US equities window. On the other hand, I'm not seeing any double or triple bottoms or signs of a peak formation in this NY session so far that would signal that this is just a stop hunt in the first quarter of the new 100 pip box...so I'm inclined to short this on a sell stop below the weekly low to target 6750 on a partial close and monitor for a peak formation to scale out of the rest....stop depending on structure left behind on a break of week's low...would be great if we could get your analysis on this kind of scenario!!

  • @dougcharles6845
    @dougcharles6845 Год назад +1

    This may well be my go to lesson right here. Quarter levels I've had success with in the past. Keep the trading stress free. Thank you Stacey!

  • @sushmakarki2147
    @sushmakarki2147 2 года назад +6

    Thank you sir for great content. I am changing my trading day by day

  • @fxmomotrader3606
    @fxmomotrader3606 2 года назад +5

    Another awesome video and tips. Just that one tip from Stacey at 6:55 will make you easy pips. Just one short trade in EU has made my week and I still have partial position in it. Thank you Stacey.

  • @qre217
    @qre217 2 года назад +1

    thank you. 2nd august. major reversal JPY pair

  • @goldu
    @goldu 2 года назад +5

    *ALL RESPECTS TO YOU STACEY*

  • @gb7231
    @gb7231 2 года назад +3

    Thank you. Your video journal is a big help and accelerates my learning. 😊

  • @chartingwithliv
    @chartingwithliv 2 года назад +4

    A lot lf it boils down a lot to knowing market structure, being aware of time and prices reaction during a time period! And not fomoing if you miss the move!

  • @nickjohns1192
    @nickjohns1192 2 года назад +3

    Happy Tuesday to me waking up to another great video👌

  • @maxx3690
    @maxx3690 2 года назад +7

    I wish Stacey considered the idea that, if some questions are asked again and again, maybe it's because some concepts aren't delivered clearly, not necessarily because people don't do their homework.
    For example, even after watching around 30 videos (some more than once), I'm not 100% sure what's meant by HOD/LOD. Google says that it's the "highest/lowest price in the trading day", so there can only be one in a day, and you can only know it when the day is over. But Stacey marks several of them as the day progresses, so he must mean something different. My GUESS is that these are Swing High's and Swing Low's. Is it wrong? Is it right? Is anyone able to give a concise and workable definition so that everyone can move on? Non-answers like the one at 16:40 don't really help and only give ammo to those who speak of hindsight.
    Or regarding daylight savings time, at 2:04 he says "New York Eastern Standard Time. I don't care what time it is, what daylight it is, or anything else, if it's this time in New York, that's when I'm going to work"... except that there's no Eastern Standard Time in New York for half of the year (the other half being EDT). We don't obviously take a half year break... Again, my GUESS is that Stacey gives times in New York LOCAL time, regardless of whether it's EST or EDT.
    I feel bad giving criticism here (as much as I hope that it's constructive) because the time and effort he puts into this material is amazing, and experienced traders seem to be benefiting from it. But it's a pity that it can't be the same for less experienced ones due to what are probably minor misunderstandings.

    • @jackabean3080
      @jackabean3080 2 года назад +4

      @Maxx, The concepts are as clear as they could possibly be explained. It takes time , patience and a lot of studying to understand . Even more so if you are reasonably new.
      The LOD or HOD are constantly changing throughout the day. E,g , the high or low of the previous day , high or low of the session and most recent highs or lows. This also directly relates to the structure and if a high or low is already locked in (peak formations).
      Regarding the timings, Nothing changes . It doesn't matter if the clocks change for season etc , its set to NY EST all year , every day.
      All the answers you seek are in the videos . I suggest going back and watching (start here ) on the play list section and work back to present from there. Trust me it takes time ( i speak from experience ) but when it clicks it clicks. I hope this helps and good luck.

    • @maxx3690
      @maxx3690 2 года назад +2

      @Jacka Thanks for taking the time to comment. I understand that HOD/LOD change (I said as much above), and I have watched the "Start Here" playlist (among others), but I haven't found a straight explanation of what they are or the criteria to mark them. Yes, I've seen them being marked, but deducing the reason why seems to always be left as an exercise to the viewer. Can you help me (and I suspect, many others)? If I say, "The HOD is the most recent Swing High, whether that comes from the current session, the previous session, or the previous trading day", how wrong or right am I?
      Regarding timings, what I meant is that there's no such thing as "NY EST all year", because EST only is in effect half a year, with the other half switching to EDT; the year-round term would be NY ET. In other words, NYSE opens at 9:30am EST in autumn and winter, 9:30am EDT in spring and summer, and 9:30am ET throughout the year.

    • @jackabean3080
      @jackabean3080 2 года назад

      @Maxx. Go and study the peak formations videos and then study your charts. This will help you understand the real highs and lows so you don't assume a high or low.
      For timing, do you use trading view??

    • @bobvalley2221
      @bobvalley2221 2 года назад

      If you are having problems understanding basic things like the time in New York then I feel that you shouldn't be trading at all.

  • @Year9FX
    @Year9FX 2 года назад +1

    Great video!!!

  • @josephharley9448
    @josephharley9448 2 года назад +2

    SAW stop hunt down at beginning of New York. Then a w appeared so I got in for 95 pips. Which is the red car vid please.

  • @louaimajor7070
    @louaimajor7070 2 года назад +2

    A technical question 15:25 why not sell the first hour in NY time with pin hammer or the second peak with an engulfing candle, how or why should traders be patient to see the 3rd peak in order to trade.

    • @StaceyBurkeTrading
      @StaceyBurkeTrading  2 года назад +2

      You could Louai if that is what your trading plan called for!

    • @louaimajor7070
      @louaimajor7070 2 года назад +2

      I understand the discretionary aspect of it. But in light of your approach, what makes the trader hold back till the 3rd peak?

    • @mase2themaze
      @mase2themaze 2 года назад

      This is a great question! How to know/decide to wait for 3 peaks. Is it just an individual decision or are there rules to make that decision??

  • @muhammadkhodadadian7336
    @muhammadkhodadadian7336 2 года назад +1

    ooooh man,great as always,there is such value in every word that you say,thanke you Stacey,god bless you

  • @nomana12345
    @nomana12345 2 года назад +2

    Thank you.

  • @MrPhadraig
    @MrPhadraig Год назад

    Thank you 👍

  • @hajjnur
    @hajjnur 2 года назад +1

    Thank you !! That is great vedeo 🙏 🤲

  • @michellechai8327
    @michellechai8327 2 года назад

    Hi Stacey. If I'm trading NQ, how big should the box be? 100 points seems pretty small. 1000 points? Can you give an example? Thanks. I really appreciate all your videos... :D

  • @varrunnair5192
    @varrunnair5192 2 года назад +1

    Thank you so much

  • @ant1dot39
    @ant1dot39 2 года назад +3

    I LOVE YOU SIR... THANK YOU SIR

  • @bidfx_ict.
    @bidfx_ict. Год назад

    Hi Stacey , please how can I get the round numbers indicator?

  • @urapo24a
    @urapo24a 2 года назад

    I have a question sr if the trend is rally down or upper do I have to wait until the doble top or triple top is formed?

  • @simonfx9634
    @simonfx9634 2 года назад +1

    Great Video

  • @logicthinker2498
    @logicthinker2498 2 года назад

    how to add those Sessions (Asia, London, NY) on my chart?? what's the name of the session indicator that u use on your charts? Thank you

  • @josephharley451
    @josephharley451 2 года назад

    I am trying to drill the basics into my brain. Just fantastic content. No horse shit. I am amazed at traders who follow the lifestyle gurus They say traders are very intelligent people, i disagree, the facts show most are watching and paying for information which will rob them.

  • @Johan10683
    @Johan10683 2 года назад +1

    The legendary Marty Schwartz (Pit Bull) tells people he draws lines for a living. Let's do the same - keep drawing your lines/levels, know where you are and what you're looking for at the right times.

  • @inspiredalpha
    @inspiredalpha 2 года назад

    do i use the 15min tf upto the HOD/LOD then look for pattern in the 1min tf? im alittle confused

  • @alabamam25
    @alabamam25 2 года назад

    Quick question mayb I misssed something but on your gold break down at 14:25 of the video u stated there’s an engulfing at high of day but the high of the day is it not the high in the Asian session at that point and time ?

    • @alabamam25
      @alabamam25 2 года назад +1

      Ok I’m guessing your meaning the high and low of the session not the day

  • @josephharley9448
    @josephharley9448 2 года назад +3

    Al Brookes said Elliot and Ghan taught religion not trading.

  • @ssunkite1
    @ssunkite1 2 года назад

    Check out Arthur Merrill's M and W patterns. Do a web search for it.

  • @Johan10683
    @Johan10683 2 года назад +1

    All you need is one pattern to make a living - Linda Bradford Rascke

  • @T2saucy
    @T2saucy 2 года назад +2

    STOP HUNT, TRAP, TRADE.

  • @ZeroToProfitable
    @ZeroToProfitable 2 года назад +1

    Thank you!

  • @jimwilson2953
    @jimwilson2953 2 года назад +1

    Thank you