Actually there were 2 indication for buying side 1st a three drive pattern and second an M pattern that indicates a reversal plus if you see the histogram closely the last bar was lighter than the bar before so a potential reversal was in the play and there was a candle out of the bollinger bands which also indicates a reversal total 5 reasons 😊
@@BlueSquad00there are certain rules for trading using bollinger bands so if you go by those rules it was a buy i know it may not look like but this is the real lore of technical analysis.
Given the information at the beginning of the video when you asked if we would buy or sell. I would hold till I have all of the information and watched for the next candlestick move to determine my next move. You can never be too caution even if you missed the next move because you only lose money if you are wrong. There will always be another trade and too many people lose money on a “sure bet” or FOMO because of not having enough information at their fingertips.
Based on the technical indicators alone, I would not have taken the trade. Simply because there was not enough information to show me that the down trend would continue, yes, the down trend is there, but there was no guarantee that it would continue with high probability. Definitely no indication of a long trade. I like to see some signs of a confirmation, such as price action respecting a 20 period moving average, or respecting a clear support or resistance level.. none of that here, taking this trade is like walking in the dark, with no clear indicators of where are you are going or you might bump into.
Well, I said buy not konwing its the first friday of the month just by looking at bollinger bands and macd, because the price was at the low of the bollinger band and there was a inverted hammer in the bottom of the chart which is a bullish candlestick patter i will wait for the next candle to be bullish and break the high of the inverted hammer after it breaks it I'll look for the macd to make crossover and if all that match I'll take a long trade by setting the stoploss in the low of inverted hammer (english is not my main language so I'm sorry for any misspelling or any mistake in this message)
when candles go outside the lower bollinger means it’s typically going to go up if you believe only the indicators matter of course if nothing else played into it.
An issue mossed was the macd was pink instead of red. The best is to wait a little bit libger, confirm the pink bars become smaller and price goes up, then the macd bars will turn green. Terrible entry in selling.
The bollinger band is indicating to buy no matter day is, no matter news.., because we had been out of the lower band and started coming back in the direction of the mean. There is no need of any additional indicator, just pure normal distribution concepts observation 👍
From what I see, we have reach a major support level, upward move is likely. I will wait for two strong green candle and enter above the liquid level of the current green candle.
I would buy as we had a long term bullish divergence, short term bullish divergence, a hammer pattern and expecting a strong mean reversion from the lower band
The moment I opened the video and saw the pattern, I instinctively knew it was time for a buy, FX calendar notwithstanding...... Of course, I didn't know that! Didn't know when the video was uploaded to have known it was the first Friday of any month... So basically, to h$ll w/ that.... My price action acumen was sufficient for me to know it was supposed to be a good BUY. 🎉
Thats not why it didnt work, its because the past support line for the bullish trend became support for a bounce off of that price. You should have waited to see if it kept going down or respected that line before going long
i chose buy. move is over extended already. you missed mentioning bullish divergence on the MACD histogram. Didn't expect the super hard bullish swing but a sell wasn't it fam. I probably would have exited at the middle point of the bollinger band.
bro indian markets are local operated in mumbai...what u see in 30 Second Delay then the Actual Market... NSE shows backup servers and they trade on Main Servers ^^ it was Caught in 2018 but still runs in backhand ^^ u need business internet or private net or get Airtel to stay in the game... using any other poor latency ISP would simply put 1.8 seconds delay giving u BIG SL and POOR MARKET PRICE BUYS and Position Exits in Delay servers ^^ its all a Scam u can note this down n it will prove everyday
besides the macro, if you see price draw liquidity right before news, you could even have predicted the way the would have gone; this was a buy from the second 0
If the price touch the bollinger its support lane. almost the last candle(pattern) shows trend is changig. The MACD shows the divergence. Indicaters helpful but not knowledgeable.
I am tripping out bro.Because I have disagreed with you on this.I just trusted my gut and the Macd even made me want to not buy. But it's tend was Following the bowlinger bands and that's the trend of swinging between those b bands so it's obviously gonna hit the top again
Most people run the businesses they want to buy low but they did not want to invest into the company that did not make profit and also huge debt because these company going out businesses any time.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Actually there were 2 indication for buying side 1st a three drive pattern and second an M pattern that indicates a reversal plus if you see the histogram closely the last bar was lighter than the bar before so a potential reversal was in the play and there was a candle out of the bollinger bands which also indicates a reversal total 5 reasons 😊
Great insights! As always, fundamentals are fundamental.
Most of the time it would have been a sell
@@BlueSquad00there are certain rules for trading using bollinger bands so if you go by those rules it was a buy i know it may not look like but this is the real lore of technical analysis.
@@shikharrajput8726
Bhai,2 saal ho gye
Loss me hu, kuch strategy
Setup Bata do ya kuch aisa
Jise seekh k kuch Kama saku
i am new to trading do you have any tips/ videos/ pdf to learn by any chance?
That's why fundamental analysis is needed
Hmmmmmmm, just discovered this channel and so far, this is the most appealing video to my reasoning, i like that you dont claim to be invincible 😊
Same idea 💡
Given the information at the beginning of the video when you asked if we would buy or sell. I would hold till I have all of the information and watched for the next candlestick move to determine my next move. You can never be too caution even if you missed the next move because you only lose money if you are wrong. There will always be another trade and too many people lose money on a “sure bet” or FOMO because of not having enough information at their fingertips.
No, not because of news, price has reached the previous low, probability of reversal, i chose to buy at the starting of the video.
ya lol BB out of chart and the price reached previous Support a Buy with Small SL would be Perfect
News effects everywhere
Based on the technical indicators alone, I would not have taken the trade. Simply because there was not enough information to show me that the down trend would continue, yes, the down trend is there, but there was no guarantee that it would continue with high probability. Definitely no indication of a long trade. I like to see some signs of a confirmation, such as price action respecting a 20 period moving average, or respecting a clear support or resistance level.. none of that here, taking this trade is like walking in the dark, with no clear indicators of where are you are going or you might bump into.
Appreciate the honesty ❤
Your vidoes are the best
Well, I said buy not konwing its the first friday of the month just by looking at bollinger bands and macd, because the price was at the low of the bollinger band and there was a inverted hammer in the bottom of the chart which is a bullish candlestick patter i will wait for the next candle to be bullish and break the high of the inverted hammer after it breaks it I'll look for the macd to make crossover and if all that match I'll take a long trade by setting the stoploss in the low of inverted hammer
(english is not my main language so I'm sorry for any misspelling or any mistake in this message)
100% buy about to start, as MACD started diversion there
when candles go outside the lower bollinger means it’s typically going to go up if you believe only the indicators matter of course if nothing else played into it.
An issue mossed was the macd was pink instead of red.
The best is to wait a little bit libger, confirm the pink bars become smaller and price goes up, then the macd bars will turn green. Terrible entry in selling.
The bollinger band is indicating to buy no matter day is, no matter news.., because we had been out of the lower band and started coming back in the direction of the mean. There is no need of any additional indicator, just pure normal distribution concepts observation 👍
Before using Bollinger Bands and MACD trading strategy, think twice! 🤔🚨
Bollinger band is reversal
Macd is for trend
Correct me if i am wrong
There was a divergence, support, and bottom of the bollenger range
I would have bought
SMC stretgyy is working 💕💕
From what I see, we have reach a major support level, upward move is likely. I will wait for two strong green candle and enter above the liquid level of the current green candle.
I would buy as we had a long term bullish divergence, short term bullish divergence, a hammer pattern and expecting a strong mean reversion from the lower band
The moment I opened the video and saw the pattern, I instinctively knew it was time for a buy, FX calendar notwithstanding...... Of course, I didn't know that! Didn't know when the video was uploaded to have known it was the first Friday of any month... So basically, to h$ll w/ that.... My price action acumen was sufficient for me to know it was supposed to be a good BUY. 🎉
Probably because of the FVG on the last 3 candles. Plus it revisited the old FVG from the last bullish candle signaling a reversal.
see i was noticing the candles outside of the lower boliger which would indicate a reversal abd the macd had turned weaker which confirms the boliger
We have a bullish diverse at MACD HIST
Wow...i cant for NFP to come 🎉
So the question was about finding out it was a non farm pay roll day just by looking at the chart. Well, it takes a genious to to be able to do that.
the graph clearly showed a Friday
With Uptober here, I'm hearing a lot about Wurmp Inu sale. Looks like it’s the next big meme coin to get.
I got it right
I knew it was buy as trend line liqiudty I can spot and as well mitigation on the left side taken
Thats not why it didnt work, its because the past support line for the bullish trend became support for a bounce off of that price. You should have waited to see if it kept going down or respected that line before going long
i chose buy. move is over extended already. you missed mentioning bullish divergence on the MACD histogram. Didn't expect the super hard bullish swing but a sell wasn't it fam. I probably would have exited at the middle point of the bollinger band.
Bro questioned like which is larger 3 or 4?
Then answering, both are same size font. 🙂
Haha, your bro really got you thinking with that one!
hahaha knew it was a buy, ive been getting all these right so far 😂ive got that trading sixth sense now😂
Make some charts for Indian market too. You'll have millions of subscribers.
That's a good Idea 💡
BC india me sab berojgar hi bethe he 😂😂
bro indian markets are local operated in mumbai...what u see in 30 Second Delay then the Actual Market... NSE shows backup servers and they trade on Main Servers ^^ it was Caught in 2018 but still runs in backhand ^^ u need business internet or private net or get Airtel to stay in the game... using any other poor latency ISP would simply put 1.8 seconds delay giving u BIG SL and POOR MARKET PRICE BUYS and Position Exits in Delay servers ^^ its all a Scam u can note this down n it will prove everyday
@@AgoxGamingit only means that the scalping is problematic, mid-term trades are still possible.
@@AgoxGaming India mei swing and above timeframe hi best hai
thanks
How can we do without knowing where support and resistance is?
Bollinger
sell.. but 2x buy at the level. safe.. even for newscoming😊
Depend on pervious swing
What the name of all indicator
Bro last pantter have dragonfly which make price up
It being over bought and being outside the bollinger band are dead give aways. Also you have the support as well.
Absolutely, clear overbought signal and strong support present.
The same thing happened to me yesterday sold Gold and news came out and turned it around, at least I recovered the loss yesterday thanks to BTCUSD
People that have choosen the buy option be like : 😎😈🧑💻
Well you can see the divergence in the homistogram so ye 😅
How to no wen to buy
besides the macro, if you see price draw liquidity right before news, you could even have predicted the way the would have gone; this was a buy from the second 0
I guessed right :D
There's no way you should be placing a sell trade based off that chart.
I was like sell.. then you said it’s the 4 hour TF.. massive buy.. 😂😂😂
Break of structure bro
Buy from demand zone
No need of indicators just follow price action and smc master it bro
One important thing: Never buy tops and sell bottoms! I think that was the error.
Wait so nobody realized the fvg at the left or not?😢
If the price touch the bollinger its support lane. almost the last candle(pattern) shows trend is changig. The MACD shows the divergence. Indicaters helpful but not knowledgeable.
Bruh I studied this chart for 5 min straight and u said its the first friday😂
your question is misleading.. you should have told that there will be a news coming...
Nope you forgot to mention 4hr candlestick otherwise it would be Sell
I knew it would go up . Price is already low on the 4h lol
This event can happen 1 time out of 10 so we don't care if we sell and we get our lose
I was right
i said buy but then you started talking and now i feel like an idiot but then i would’ve won the trade so im conflicted
Buy
Wurmp Inu will make millionaires, meme coin of the year.
Histogram already make hidden reversal
hahaha
i am right
I am tripping out bro.Because I have disagreed with you on this.I just trusted my gut and the Macd even made me want to not buy. But it's tend was
Following the bowlinger bands and that's the trend of swinging between those b bands so it's obviously gonna hit the top again
OR!.....remove all your indicators.....create your support and resistance lines.....wait for retest then place your positions if possible......
Most people run the businesses they want to buy low but they did not want to invest into the company that did not make profit and also huge debt because these company going out businesses any time.
U can see that the last candle was inverted hammer u can see😅
Good catch!
Selling is too late..wait for divergence to happen at MACE'S histogram
Lagging indicators have no value in predicting the market's next action. Review back at history is always right.
True, history validates lagging indicators, yet they lack predictive power for future market movements
but trading is 50/50 indicators over time if used correctly give you higher odds on the long run to win on the market
Ape in Wrump Inu presale if you can, this meme will explode very soon.
It was clearly oversold....
This type of analysis is what got you killed in the market.
Your question is guess . Trading is not a guessing game😂
😂
이럴땐 그냥 가만히 있는거야
News😅😂
Sell
Its look like im better than you 😮
I made you loose 2 times😂
Just saw Wrump Inu presale is catching some serious attention!
Sell