The anatomy of candlestick chart patterns has never been so clear to me. You made it so simple to learn. We all lose money not because we don't know how to analyze the next move of the market price, but because we overlook the importance of 'TIMING' for perfect entries. Now my next task is simply to put what you teach here into comprehensive practice until I master it well. Thank you so much for your selfless heart of humanity to share openly such an important information with fellow humans around the world.
I have just discovered your channel Sir. Great video. You are generous. One has to appreciate your precious time and effort for teaching and sharing this powerful strategy. You explain it so well, to its simplest form. I know you posted this over a year ago but this is just timeless. From a new learner from South Africa.🇿🇦
Thanx Danny. You answered so many of my question LOL. You really are amazing at explaining the whole setup. Every time I listen and watch, I learn more and more. (I just about never watch your videos only once😋) Thanx again and looking forward to the learning journey that 2023 offers
Nice Danny. Been having Success, but know I can be better mentally in order to scale. 10 days to stage 3! I will take this approach into Friday's.. Great Video!
A lot of times lower timeframe entries requires manual execution due to how tight the entry would be and because of spread/fast price action your limit might not get triggered.
I usually risk 2% per trade. If I think the setup might be a bit more risky, then I lower it to 1%. It also depends on if I have a cushion of profit before each trade so that I can increase the risk or lower it if necessary!
Great video Danny! Probably one of my favorite videos by you since I've started to follow you on you tube for about a month. I've definitely taken smart money concepts more serious and am completely transitioning to this style of trading because it really makes more sense than any retail strategy I've tested. I've actually already applied some of your training based on your RUclips videos which I've seen work for me so thanks again! One question I do have since you've been trading this style for a while, how often on average do these type of setups occur on a normal week? I mainly trade us30 and us100 and understand that these setups occur with forex as well. Do you spot these type of setups with indices every single week for the most part? Perhaps almost every day or just a couple of times per week?
It very much depends on what timeframes you are looking at. I made US30 work for me on lower timeframe and therefore I see almost a pattern a day! Sometimes there are days that the pattern does not present itself and some others there is even more than one. What matters is being patient and wait for it to happen so that you can take the most advantage out of it.
@@SmartMoneyInvestors Another quick question, how far do you normally go back to analyze if the setup is invalid because of equal high and lows prior to entry? I usually stay away from the set up if there are equal high and lows within the same range or channel when identifying a manipulation candle. Do you usually stay away if there are equal high and lows mainly within the same range or go back a day sometimes as well?
Yes, usually if I see equal highs or lows within the same range that adds to the risk and therefore I might skip the trade. I want to make sure that my stop loss is protected and that there is no reason for price to go past that.
Hey Danny, it's Malique. I might be reading this wrong, but on the chart it looked like you entered at 33056, but on your screenshot, you entered at 33046. Am I missing something?
Brokers have different price feed, especially when it comes to price. Go check 3 different US30 charts on Tradingview. All 3 of them will have different price showing as that's what their liquidity provider quotes them.
US 30, Nasdaq and Gold have stopped me out and then immediately gone my direction for the whole of January WTF. I'm very upset this month, stop hunts have been rife. I've readjusted my kill zone to top of the manipulation wicks, yes I get left out but the losses are on hold. Doh : - (
It has nothing to do with the system and everything to do with the size of the account. Bigger the account size = smaller the % needed for large gains. 400k account @ 1% risk = $4,000, so 1:5 trade would yield $20k…2% risk on same trade would yield 40k on same 1 to 5 trade.
Hmmmm why are you here then if you are doing so well? For me, It's not about being impressed, it's about learning. I found the channel and am learning a huge amount. These guys seem stable and not fly by nights. I for one am really grateful for the content.
![Quando Rondo - Grow Up [Official Music Video]](http://i.ytimg.com/vi/8zFnCg3BO4Q/mqdefault.jpg)
The anatomy of candlestick chart patterns has never been so clear to me. You made it so simple to learn. We all lose money not because we don't know how to analyze the next move of the market price, but because we overlook the importance of 'TIMING' for perfect entries. Now my next task is simply to put what you teach here into comprehensive practice until I master it well. Thank you so much for your selfless heart of humanity to share openly such an important information with fellow humans around the world.
I have just discovered your channel Sir. Great video. You are generous. One has to appreciate your precious time and effort for teaching and sharing this powerful strategy. You explain it so well, to its simplest form. I know you posted this over a year ago but this is just timeless. From a new learner from South Africa.🇿🇦
Thanx Danny. You answered so many of my question LOL. You really are amazing at explaining the whole setup. Every time I listen and watch, I learn more and more. (I just about never watch your videos only once😋) Thanx again and looking forward to the learning journey that 2023 offers
Thank you! And I wish you a fantastic journey in this 2023!
Really Amazing. Thanks a lot, Highly Appreciated Danny. 2023 is definitely my year after got in touch with EFX Trading. 👍🙏
Let's get it man!!
traded the 1st Nfp of the year using that new York setup you taught. It was an easy buy on Nas100 m15. Thanks a lot for this channel
That's some great results!! Let's go!
When I first started forex, I was noticing this pattern. In just a few videos if learned so much. THANK YOU! Your explanations are on point man
🙏
Nice trade methodology and execution.
Thank you!
Great video
What’s the best FX broker for US citizens?
Great trade Danny and thank you for sharing it!
🙏🙏
Nice Danny. Been having Success, but know I can be better mentally in order to scale. 10 days to stage 3! I will take this approach into Friday's.. Great Video!
Great work James!
such agreat video!! thanks a lot! please i would like to get your fib settings if that is possible.
gyazo.com/5f34bcb17ef34ecd1f651c6cb8dc0663 There you go!
Hi Danny! Can u explain why you advise against putting limit orders on lower timeframe entries? Thx, buddy!
A lot of times lower timeframe entries requires manual execution due to how tight the entry would be and because of spread/fast price action your limit might not get triggered.
Fantastic training. Appreciated!
Thank you Bryce!
Hey Danny, thanks for this video. Whats the max you would risk on prop challenge accounts for these setups?
I usually risk 2% per trade. If I think the setup might be a bit more risky, then I lower it to 1%. It also depends on if I have a cushion of profit before each trade so that I can increase the risk or lower it if necessary!
really great breakdown! please i would like to get your fib settings if that is possible.
gyazo.com/53e89953e09ad12a09697806e5bdcb25 Here you go!
What broker do you use that allows you to use trading view with indices?
What do you mean? You just need to write the ticker in Tradingview and it will show the indices?
Awesome 👏 thanks for the detailed explanations
🙏
Great video Danny! Probably one of my favorite videos by you since I've started to follow you on you tube for about a month. I've definitely taken smart money concepts more serious and am completely transitioning to this style of trading because it really makes more sense than any retail strategy I've tested. I've actually already applied some of your training based on your RUclips videos which I've seen work for me so thanks again! One question I do have since you've been trading this style for a while, how often on average do these type of setups occur on a normal week? I mainly trade us30 and us100 and understand that these setups occur with forex as well. Do you spot these type of setups with indices every single week for the most part? Perhaps almost every day or just a couple of times per week?
It very much depends on what timeframes you are looking at. I made US30 work for me on lower timeframe and therefore I see almost a pattern a day! Sometimes there are days that the pattern does not present itself and some others there is even more than one. What matters is being patient and wait for it to happen so that you can take the most advantage out of it.
@@SmartMoneyInvestors Thank you very much for that quick reply!
You are welcome brother! Onwards and upwards!
@@SmartMoneyInvestors Another quick question, how far do you normally go back to analyze if the setup is invalid because of equal high and lows prior to entry? I usually stay away from the set up if there are equal high and lows within the same range or channel when identifying a manipulation candle. Do you usually stay away if there are equal high and lows mainly within the same range or go back a day sometimes as well?
Yes, usually if I see equal highs or lows within the same range that adds to the risk and therefore I might skip the trade. I want to make sure that my stop loss is protected and that there is no reason for price to go past that.
Beautiful❤💯🙌 Kill zone? Are you kidding me?😤 definitely borrowing that term🔥
💪
Fantastic content
🙏
When someone is trading US30 that means they're not playing games and they're about that paper 😂
🚀🚀
Hey Danny, it's Malique. I might be reading this wrong, but on the chart it looked like you entered at 33056, but on your screenshot, you entered at 33046. Am I missing something?
Brokers have different price feed, especially when it comes to price. Go check 3 different US30 charts on Tradingview. All 3 of them will have different price showing as that's what their liquidity provider quotes them.
US 30, Nasdaq and Gold have stopped me out and then immediately gone my direction for the whole of January WTF. I'm very upset this month, stop hunts have been rife. I've readjusted my kill zone to top of the manipulation wicks, yes I get left out but the losses are on hold. Doh : - (
January is definitely a hard month to trade. Things should settle down as we enter February now!
Are people really impressed by this? If I make less than 20k on a trade its kinda disappointing
Gibby...tell me what system you use to make more than 20K per trade.
It has nothing to do with the system and everything to do with the size of the account. Bigger the account size = smaller the % needed for large gains.
400k account @ 1% risk = $4,000, so 1:5 trade would yield $20k…2% risk on same trade would yield 40k on same 1 to 5 trade.
You prolly weren’t saying that when you first started trading lol.
Hmmmm why are you here then if you are doing so well? For me, It's not about being impressed, it's about learning. I found the channel and am learning a huge amount. These guys seem stable and not fly by nights. I for one am really grateful for the content.