So you don't look at a 1 hour or 4 hour to determine a directional bias? You are just looking for a stop hunt on a 15 mInute and get in. How do you know it's not going to go higher or lower?
@@StaceyBurkeTrading even though you get fantasticly large moves all the time in the gbp crosses , i find it balances out with smaller daily ranges in the eur because the margin difference and tight spread means you get a larger position on in the eur vs the gbp crosses
Hi Stacey, Thanks for this!. What's your criteria to move to Break-even for your stoploss after the price moves in your favor? Would it be , if it moves in favor within X minutes then move to BE to minimize loss should it reverse against you?
Hi Felix, typically if it breaks through a high or low, or if it moves 30-35 pips. It depends on how it is trading, if it is creeping I may just hold, if it is fats I will move it to BE at the close into the next 25 pip box. At 40 pips I look to tighten it as it nears the target, if it trades for more than 15-30 mins without hitting the target at 40 plus pips I'll exit the trade and look to lock in at least 40. This will usually happen at a HOD/LOD or round numbers. (50/00)
SB! Can the Stop Hunt at the HOD end in a Bear Pin? For instance if the Market Goes 1-2-3 to the HOS can that 3rd Candle be a Bear Pin? And Vice Versa ending with a Bull Pin?
Yes, if you combine the candles that form the 1 hour, you will notice that the hourly candle will be a pin to the high or low, but the 15 min may be an upside down bull at the high or bear at the low. A pin to the high or low is a stop hunt when the 12 candle window is trading, and they take out an existing high or low.
im surprised nobody mentioned this but your camera is a little to zoomed in. your white board bottom is cut off the video leading to great difficulty seeing half of what you are doing. i hope you see this so you can zoom out out slightly. if you can't see the entire whiteboard on your camera screen we can't see it on your upload. thanks for sharing all this content for free.
hey stacey please is there a way you could have a webinar for maybe any of the sessions showing your thought process entering the trades you take
Love your videos! Helping a great deal in my trading journey. Can you do a video how you use the expansion tool and what the settings are. Thank You!
Great suggestion! Thanks Nero!
So you don't look at a 1 hour or 4 hour to determine a directional bias? You are just looking for a stop hunt on a 15 mInute and get in. How do you know it's not going to go higher or lower?
No Charles I use the 15 minute, I look at daily charts, daily highs and lows for geometry and 15 mins.
Hi mate good video, much clearer of what we are looking for at the edges in the candle set ups. Thanks
Sanj, I've been watching that EURUSD like a hawk. A few of the crosses have been cleaner this week than the GBP's. Cheers bud!
@@StaceyBurkeTrading even though you get fantasticly large moves all the time in the gbp crosses , i find it balances out with smaller daily ranges in the eur because the margin difference and tight spread means you get a larger position on in the eur vs the gbp crosses
Thanks Stacey, another great video. The charts are much easier to see now too. Great job mate.
Yes I agree Sanj!
Hi Stacey, Thanks for this!. What's your criteria to move to Break-even for your stoploss after the price moves in your favor? Would it be , if it moves in favor within X minutes then move to BE to minimize loss should it reverse against you?
Hi Felix, typically if it breaks through a high or low, or if it moves 30-35 pips. It depends on how it is trading, if it is creeping I may just hold, if it is fats I will move it to BE at the close into the next 25 pip box. At 40 pips I look to tighten it as it nears the target, if it trades for more than 15-30 mins without hitting the target at 40 plus pips I'll exit the trade and look to lock in at least 40. This will usually happen at a HOD/LOD or round numbers. (50/00)
@@StaceyBurkeTrading Thanks a ton for being this precise Stacey.
@ 27:27 why is the low of the day is at the top of the bull candle? Should it be at the bottom? Thank you sir.
SB! Can the Stop Hunt at the HOD end in a Bear Pin? For instance if the Market Goes 1-2-3 to the HOS can that 3rd Candle be a Bear Pin? And Vice Versa ending with a Bull Pin?
Yes, if you combine the candles that form the 1 hour, you will notice that the hourly candle will be a pin to the high or low, but the 15 min may be an upside down bull at the high or bear at the low. A pin to the high or low is a stop hunt when the 12 candle window is trading, and they take out an existing high or low.
Thank You Sensei 🙌🏾
im surprised nobody mentioned this but your camera is a little to zoomed in. your white board bottom is cut off the video leading to great difficulty seeing half of what you are doing. i hope you see this so you can zoom out out slightly.
if you can't see the entire whiteboard on your camera screen we can't see it on your upload.
thanks for sharing all this content for free.
Cheers Adam will do my best to fix that! Thanks for your feedback!
1% better.......thank you Stacey.
Keep it going Patrick!
SB is that the H L of current day or previous day? Thx
The current day
Are you looking for 50 pip boxes Only?
Im confuse, still many to ketchup i want you become my role model.. I must watch your video from beg, too understand you
0.5% better
That's it Chris! Cheers