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4 Easy Patterns For Day Trading

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  • Опубликовано: 21 мар 2022
  • Here's an overview of the 4 setups I like to scan for when day trading. Keep in mind these setups alone is not a strategy, but are patterns I trade within my strategy. If you have any questions ask them in the comments below!
    The Four Setups:
    1. Buy Setup
    2. Breakout
    3. Climatic Buy Setup
    4. The 123
    You can also connect with me on:
    Instagram: @jamesrichyoung
    Disclaimer: All information presented in this video and channel is for educational purposes only. Nothing is intended to be financial advice.

Комментарии • 73

  • @gonzalezliu86
    @gonzalezliu86 День назад

    amazing content. thanks for sharing this information. this is one of those videos that deserves to be watched several times to really engrave it in.

  • @legacystartup2915
    @legacystartup2915 2 года назад +19

    Thanks for the explanation! I really like how you emphasize understanding the context of a chart before randomly trading a setup. I think that is one of the most important things for newer traders to understand. Unfortunately, many beginners aren't really taught this.

  • @user-nh8th1mv8y
    @user-nh8th1mv8y Год назад +3

    I have watched / read a lot about the patterns. This one is simply the best. Thanks James!

  • @evanstaylor6860
    @evanstaylor6860 Год назад +5

    Been trading for twelve months, and have found myself over complicating things. Dude…. You explain everything so well. You reminded me some things I need to refocus on. Thanks brother!

    • @kingdan1434
      @kingdan1434 5 месяцев назад

      have you found good success yet?

  • @dealfo
    @dealfo Год назад +6

    Excellent tutorial James, thanks for sharing the knowledge. you are a great help to upcoming traders. keep doing what you are doing.

  • @peterhomer4247
    @peterhomer4247 Год назад +3

    This is a great tutorial. Thanks for helping the community. Looking forward to more chart pattern videos from you.

  • @L5biszz
    @L5biszz Год назад +1

    This is great. best explanation i came across so far.

  • @QWEEKEN73
    @QWEEKEN73 Год назад +2

    This was super helpful! Thanks James!

  • @hedwigdeceuninck
    @hedwigdeceuninck Год назад +1

    Love your way of teaching 👏🏻

  • @ewlincueto
    @ewlincueto 9 месяцев назад +1

    Good stuff brother. Your channel should grow much bigger in the future. Keep at it. Simple and easy to follow

  • @mortenkristensen4541
    @mortenkristensen4541 8 месяцев назад

    I love this video! It has helped me so much building my own playbook!

  • @h2h3h333
    @h2h3h333 8 месяцев назад

    Keep making these informative videos and your subscribers will grow. The just have to circulate through time on here.
    No gimmicks or angle to sell something. Honest and to the point is what most of us really need to get going in this pursuit to get out of our daily grind. Very much appreciated

  • @LeFutures
    @LeFutures 2 года назад +5

    Lets goooo! Love your videos my man. Always learning 💪

  • @dominicoreilly6934
    @dominicoreilly6934 Год назад

    Thanks a lot James, I've been using these to good effect.

  • @chipetto21
    @chipetto21 Год назад +1

    Thank you James! Very helpful video. I was wondering how you exactly work with those MA, and I finally found the video :)

  • @drnova
    @drnova 2 года назад +5

    Wow! This is the best video I’ve seen on trading stocks

  • @yahyamohamed339
    @yahyamohamed339 2 года назад +5

    this is top tier golden content, appreciate this my guy!

  • @this_is_livn
    @this_is_livn Год назад +1

    Very digestable! Can you do a video explaining how you exit your trades? "now if your paying attention...you might be saying....hold the *&%$ up!" trading is raw - love it. keep crushing.

  • @stevechang1969
    @stevechang1969 6 месяцев назад

    thank you for the video! very helpful.

  • @rism8345
    @rism8345 Год назад +6

    Hell yeah, dude! This is the type of content I am looking for. Finally found a trading channel gem on RUclips. I especially appreciated the right/wrong examples. One question though, do you trade “traps” (I believe is the termin)? And if you do, I think a lot of your subscribes would appreciate a breakdown of trapping strategy. Thank you, keep it up!

    • @jamesrichyoung
      @jamesrichyoung  Год назад

      Thanks R Ism! Sorry I'm not familiar with traps strategy

  • @xavantexavante4771
    @xavantexavante4771 Год назад +1

    Great, great content. I learn the fundamentals of the technical set up on this video. I wish I had a mentor like you did when you started trading. I have one question if you have time. Are you scanning the gappers on different timeframes (2min,5min,15min) to see a technical set up you like, then trade on that particular time frame chart if it fits your eye? So basically you trade using different timeframes for technical set ups? Thanks again, James and if you ever consider having a discord with discussion and guidance of trades, please let me know.

  • @alizavari2530
    @alizavari2530 Год назад +1

    thank you very much for this video please make more this like video 🤩😍

  • @michipoo
    @michipoo 9 месяцев назад +1

    Alright I'll post. The life summary video made me get real emotional lol, that journey is so relatable for me. But I have to post because this explanation is phenomenal, even as a not completely new trader this explanation put me on a knowledge rocket ship like the video has in it ;D

  • @tanwarprashant8620
    @tanwarprashant8620 12 дней назад

    i find you ....that is my greatest achievement
    you r my guru

  • @tikig204
    @tikig204 Год назад +1

    Great video

  • @blackops1355
    @blackops1355 Год назад

    Great video! I find it straightforward to execute off of these setups with a conservative predetermined risk level. The hard part is stalking and finding the tickers in time. Would really like to know how you actually scan for these setups in TOS. Does TOS have some sort of chart pattern scanner? Thanks James!

  • @wesleys4590
    @wesleys4590 11 месяцев назад

    Sweet video!!!!!!

  • @tradingedge6371
    @tradingedge6371 2 года назад +1

    Amazing breaking down the stradgy

  • @LaceyJackson
    @LaceyJackson Год назад

    Great video as always boss. If you get a sec, what is the target on the breakout? Also when you pass your target, how do you determine the new target? I'm assuming your stop loss move up to the keep the profits you just made?

  • @letsinvest1476
    @letsinvest1476 Год назад

    Good content, you earned a sub dude. From your terminologies, you sound like the T3 coaches and a little like Oliver Velez too. But well explained.

  • @danielmorales1981
    @danielmorales1981 7 месяцев назад

    I like the video, I was wondering what is the frequency of the candels that you are looking forward in this setup, thank u

  • @juancarlosguzman2827
    @juancarlosguzman2827 8 месяцев назад

    Awesome thank you for sharing, all of these patterns happens at the open in the 2 min time frame or can be in the 5 min chart as well right?

  • @sudiptabhar3161
    @sudiptabhar3161 Год назад

    A GREAT ONE..... from INDIA

  • @williamchong300
    @williamchong300 Год назад

    First time watching your shows. Thanks for sharing. One quick question- do these patterns work better for large cap or small cap? Or it doesn't reallly matter? Thanks.

  • @linlhin5028
    @linlhin5028 Год назад

    Thank you great video.
    Is thia for 2 mins timeframe or 1 min?

  • @MMORPH792
    @MMORPH792 Год назад

    Amazing

  • @Chinnapatigarden
    @Chinnapatigarden 2 года назад +2

    much appreciated for the very insightful video on candle sticks and congratulations on new home purchase(life in a day video). brother where can we find that volume indicator. 🙏

    • @jamesrichyoung
      @jamesrichyoung  2 года назад

      Thanks Shiva! I’m not sure which platform you’re using, but if you’re using TOS like me it’s it’s in your chart settings.

  • @xtrash1ove
    @xtrash1ove Год назад

    Hi James, awesome video. A question -- do premarket candles count in these setups? Let's say on 15m we have 7 green candles. When the opening bell rings, we get 4 red candles and the price drops to 20SMA. Is that a potential buy setup? Or it's not because we only consider main session candles? Thank you in advance

  • @official_youtube_1
    @official_youtube_1 11 месяцев назад +1

    Awesome tips for all these pattens.
    Can you make video about how you compare them with different time-frame charts?
    Thanks,
    Count a like from me

  • @okvipproquan
    @okvipproquan Год назад

    Hi James, how do you differentiate between a breakout setup vs a 1,2,3 setup seeing that both have a correction ?

  • @TherebyAir
    @TherebyAir 7 месяцев назад

    How does the 20ma you're using in the examples compare the the VWAP?

  • @moeben3000
    @moeben3000 Год назад

    The real world examples show different time frame right? So you go over each time frame scanning for the patterns. Would you trade a pattern appearing in an 1h chart or do you prefer to see the pattern in lower time frames?

  • @RedNip123
    @RedNip123 Месяц назад

    How come the in the examples of multiple green bars, its possible that the Open of one green bar is lower than the close of the previos?

  • @TestingTen1974
    @TestingTen1974 5 месяцев назад

    I understand you use two computers. Do you have two accounts aka data services to get data on both of the PC's? Was wondering how you had data on two IP addresses. Just need to know if I need to build another one and what to expect with expenses. thank you.

  • @garrettcuppels3829
    @garrettcuppels3829 7 месяцев назад

    I use Power Etrade and do not see volume at the bottom or 20ma bar on the candle chart. Any idea how I get these to show?

  • @karanspi123
    @karanspi123 Год назад

    Hello James how do we scan for these stocks though... stocks that have made 20% in past few days and consolidating?Also should we buy stocks if they are in consolidation for longer time like 7-8 days?It won't make sense right?

  • @jamesross5120
    @jamesross5120 Год назад

    do you always have the 20ma showing on your charts ?

  • @bigLOSdog
    @bigLOSdog Год назад +2

    So . . . That's the 20sma not the 20ema, correct?

  • @mr_philip3570
    @mr_philip3570 Год назад

    on which timeframe should I use these pattern

  • @chillbillch
    @chillbillch 9 месяцев назад

    Are these valid on all time frames?

  • @minhuco6422
    @minhuco6422 Год назад

    how about TP and leverage man?

  • @JosephRojas-xp8rr
    @JosephRojas-xp8rr Месяц назад

    Great vid, but I’m still not 100% sure what a “20 ma” is. Could someone explain in simple terms? I’m pretty slow

  • @rogueshadow93
    @rogueshadow93 Год назад

    Not a good, but an exceptional video lesson.

  • @969salman
    @969salman 3 месяца назад

    What is 20ma ?

  • @agentmaslah6124
    @agentmaslah6124 2 года назад +2

    What time frame do you primarily use for the buy set up and the 123 move?

    • @jamesrichyoung
      @jamesrichyoung  2 года назад +6

      I primarily focus on the 1, 2, 5, 15m and it depends on the time of day. I'm usually going up timeframes as the day goes on.

  • @martinachandler5289
    @martinachandler5289 3 месяца назад

    Is that SMA or EMA?

  • @deweywong3509
    @deweywong3509 2 года назад +1

    What's your typical or average hold time of your setups?

    • @jamesrichyoung
      @jamesrichyoung  2 года назад

      Hey Dewey it really depends on how much follow through I get. It can be seconds to hours.

  • @raymondfeng521
    @raymondfeng521 Год назад +1

    Hey bud, question, what time frame is your 20 EMA on?

    • @jamesrichyoung
      @jamesrichyoung  Год назад +2

      Hey Raymond I use the sma. I use them on all my timeframes

  • @cashcaleb1873
    @cashcaleb1873 Год назад

    This is similar from the strategy at live traders

  • @dro_hosanna4146
    @dro_hosanna4146 Год назад +1

    Lol did you learn from live traders ? Jared and Anmol

  • @AshishHekre
    @AshishHekre 9 месяцев назад +1

    Please make more content like this james. Great videos. You give us a lot of confidence through your videos. Cheers, god bless