How to Identify High Probability Market Reversals on TradingView
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- Опубликовано: 23 сен 2024
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In this video, I go over the main signal I look for in the market for reversals for both upside and downside moves in the financial markets.
One of the best, succinct and sweet videos I have seen, and you covered a lot of material in 16 minutes...Thank you Jake!
Thank you so much Anne! Glad to hear this!
Your twitter subscription is buy far the best value for your money. The combination of your videos and your "MENU" is gold mine for any trader out there. Your insights and explanations have been so helpful for my progress as trader and I just found you. Thank you for all your content and your hard work.
Thank you so much, John! I really appreciate your kind comment and for being a subscriber! I am glad you enjoy the "menu" approach! :) Thanks again my friend!
This is a great explanation. Much appreciated. Twitter subscriber here... people need to follow you and subscribe. This is coming from someone who despises most "chart analysts" LOL
This is awesome, thank you so much for the comment and for being a subscriber! I hope you are enjoying the subscription and glad to be able to be a chart analyst that you believe in!
Thanks for the video, Jake. Seems pretty much with the pattern present at Tesla now. William %R and RSI both overbought, with divergence, and. the MACD histogram shortening.
Hey Jake.
Appreciate very much your teachings...very valuable!
Could you please make a video on Volume profile(all about it and explanation) that you use in your charts?
Thank you very much!
Already done: ruclips.net/video/1mqKaek9jfk/видео.htmlsi=aSInxOky9X4RZd2F
This sixteen minute video taught me a lot - thank you Jake! Subscribing...
Awesome! Thank you so much! Please subscribe via web browser to avoid the App store signup issue Twitter is dealing with
Thank you for everything, JAKE.
Question. When you are looking for divergence, are you looking first at candlesticks, or at the rise from the MACD bottom? From the divergence of the %R?
Or are you looking for it from a bird's eye view of the chart?
You're very welcome! Based on the speed of the indicators (i.e. which ones move fast vs. lag), the setup generally forms like this:
1. Williams % Range becomes oversold while the RSI starts its way down towards oversold (or overbought, just depends if we are looking at a potential upside or downside reversal)
2. RSI becomes oversold and then the Williams % Range starts to print higher lows (or lower highs for a downside reversal) which is the divergence aspect
3. The MACD line starts to curl up. This is generally the last part of the signal.
@@JakeWuMarketResearch Thank you for your very clear explanations.
I will try it application to my trade.
That is an invaluable tutorial. It answered many questions.
Awesome, I am very glad to hear this! Thanks for watching!
Jake Wu - love your stuff, but such a hilarious name. Reminds me of “Donna Chang”
Lol, was my nickname growing up since there was another Jake I played hockey with.
Good one, thanks and happy Sunday!
Great presentation that was filled with all kinds of useful tips and tricks. I do have a question, and that is, how do you zoom in in one particular area on the chart? Kinda like a lil pop-up window! Us ol' gys with our glasses need all the tricks we can get to zoom in (or out, LoLz) Thanks for taking the time to anser my question if you get a chanced o it. You can always tag my on X too
Thanks for this. I am a bit confused. So for spotting uptrends you want the MACD to curl up, RSI and Williams %R to go down? For spotting downtrends you want to see MDCD to curl down, RSI and Williams % Range to be overbought or going up?
You're welcome. For a potential upside reversal, you want to see the MACD curling up while the RSI and %R have already gone down and are in "oversold" territory. Opposite for downside reversals
Thank you Jake.
You're very welcome!
Great video, I was a subscriber a while back just resubscribed as your one of the best down to earth teachers. You learn who is legit and who is not. Thanks
Thanks Chris! I really appreciate the kind words! Thank you for re-subscribing!
Great video with actionable information, thank you. One question, once you spot the set up, what type of confirmation do you like to see before getting into the trade?
I should apply this on my Trade The Pool stock account too. Thanks mate.
You're welcome!
Jake, Have been following you since few month,just a question, when we see the setup and like to take trade usually 1 or 2 month ahead contract is recommended as the chart usually is weekly and daily? We need to give some time right to stay away from daily noise and theata burn?
Correct!
Noob question how many days do you give your set up to play out or weeks ?
Thank you for your explanation. Why do you use 14 days RSI instead of 10 like in William %R?
I use 10 period for both
JACEK SUPER ROBTA! DZIEKUJE
Dziekuje bardzo!! :)
Awesome explanation Jake, thank you!
Thanks so much!
I should apply this to pass my TTP challenge account.
thanks for sharing info.
So you use 10 day for length for both your W%R and RSI. What is the reason for this?
Its mentioned in the video... 5 trading days in a week, two week lookback
Can you please share your setup, you can do this in trading view easily! Thanks for doing this
Im not sure how to do that
Very helpful, thanks!
You're welcome!
Great video Jake... thank you.
Thanks for watching, you're welcome!
Learned smt here❤
That was my goal, glad to hear! :)
Great explanations! Thank you!
Thanks! You're welcome!
Quality
Thanks!
Bardzo djekuje za dobrego objasnienia!
These are all lagging indicators. You don't use a lower than daily time frame for entry ???
Also is there a scan you want to share with us??
Williams % R isn't a lagging indicator, thats why it is used in conjunction with two lagging indicators. I enter on daily timeframes, I don't need a 30 minute candle entry signal when I am looking at a weekly or monthly setup. I dont have a scan, everything you need to make one is in this video. The video wasn't to tell you when it enter, it was spotting high probability reversals. You choose the actual entry, not me.
Pretty f’in solid dude
Lower time frame macd . Rsi give false signle.
Thank you :)
You're welcome!!
You never discussed stop loss?? or which candlestick you enter the trade on? which candlestick is the trigger to buy?
This doesn't break it down by candle, this is showing you potential divergences and reversals within a range - pretty tough to pinpoint an exact price at which the reversal occurs - but you don't need to, this isn't for day trading, this is for swing trading. You want to look at candlestick analysis if you're looking for day trading.
@@Mr.Stud.Puffin you need exact entry points to trade - even in swing trading
@@Mr.Stud.Puffin Stops depend on your risk tolerance. You can use dollar amount, percentage , or technically based stops. It's hard for someone to know other trader's risk tolerance .
@@Mr.Stud.Puffin I outlined how to spot a reversal, I don't make trades for people or tell them when to get in or get out, that is up to their style, their triggers, and their risk tolerance. There is more than one way to do things.
@@growproteas1148 Which is on the trader and their risk tolerance
Thank you for the idea...
You’re welcome!
Thank u
You’re welcome!
promo sm
?