Price Action Trading like a Pro - I share my best tips after 14 years
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- Опубликовано: 15 авг 2022
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#forex #trading #technicalanalysis
Back test is the easiest part, days of candles are just clicks away but sitting through those trades in real-time seeing your profits corrode away and still able to hold on to it is the tough part.
100 agree man,, also tradingview backtest mode is flawed,,if you are doing top-down approach, and you have a daily candle, the exact point of price when you go down to a H1 is inaccurate,
True
@@innate7260 Ikr, my experience is that rather than back test candle by candle you go through charts and observe patterns (double tops/bottoms, H&S, flags, buildups(triangles) at supply and demand areas that will lead to high profit low risk trades. Once yu done enough of this observation and is confident that those setups wll net you positive outcome consistently then you go live trade straight away skipping demo with very small position to train your psychology. Too many ppl got false sense of confidence with backtest and demo thinking they have crack the code but ended up blowing numerous accounts of their hard saving on live, simply bc backtest & demo success does not invole emotional factors when real $ is on the line.
@@qwertyui5086 you've nailed it mate,,,and yes i got fooled by my impressive demo account growth, went for a prop firm challenge and totally drowned with the psychology, that was a few months back,,im now bout to go again on a smaller account but with a risk mgmt strategy that i didnt have before,,i do exactly what you said with backtest,,,theres no point trying to replicate real time chart,,look at the patterns and how each pair reacts , and also observe what happens in different sessions ( Asia, London, NY) its quite profound the difference in a setup depending on its session
Absolutely man burn your heart😂
I like how you break down things on what to think about planning a trade. Glad youtube suggested this one. Subscribed.
You are one of the best teachers I have ever encountered on youtube. Breaking matters so clearly making it easy to follow and understand. I shall now go back to your earlier videos and tutorials. Keep up the superb and valuable work.
Very Insightful and clear way.. with no fuss... Absolutely loved the session...
I wanted to let you know that I found your explanation of price action to be excellent. Your emphasis on the significance of identifying patterns and waiting patiently for the right time to enter the market really resonated with me. I appreciate that you mentioned it's the same pattern over and over again, which is key. I am happy to inform you that I have subscribed to your channel as of today." as of today.
This guy the best out there.. always posting quality content! Learning with tradeciety since day one
You're the best price action trade Tutor, I learned alot from you and will definitely go for your trading course,forever grateful,thank you
I also second the fact that Rolf is the best forex teacher. Like he is easy to understand,he doesn't speak in riddles. No complications at all and he's got his own style🙌.
exactly why I love this guy, no bull shit straight to the point.
Your style of teaching most closely matches my style of learning. I've watched dozens on dozens of videos, including one group I belong to, and I've gathered more essential, usable info here than in all the others even though they are good.
Feedback appreciated
Wanting more info and insight?
what' sapp the number above
Endeavour to reach out!..
So far the best illustrations of price movement in youtube. Thanks for the demonstration.
This is gold. A very simple strategy yet very effective. I've been practicing this method and i am still learning until i master this strategy
Best price action explanation I have ever seen on RUclips
My best lecturer on RUclips. You have opened my eyes. Thank you very much Sir. God Bless you. Please, sir, make a video on how to trade Volatility index.. Thank you sir.
Great video! The only thing I would add as another indicator is volume. Strong volume near breakout usually increases breakout probability.
It does, but in a different context. Tick volume essentially displays the frequency of orders being executed by the broker you have an account with. Since most people trade in a very similar fashion, tick volume is pretty coherent with real volume and overlaps nearly 90 percent....
However, context is important. A lot of tick volume simply means a lot of orders are being executed, but give no hint on how much liquidity is actually behind those orders. For the sake of illustration I'll call it "Fake-Out/Stop-Hunt" even though its rather silly terms...
Think of a range that is being engulfed on high volume, high volatility, following an almost immediate price collapse. That is the direct opposite of what you'd expect, because price simply goes straight the other way.
This is a very consistent and frequent occurrence. You can observe this behavior on all time-frames, almost everywhere. So generally speaking, strong volume near a breakout does not indicate or increases the probability of a breakout > Continuation if you do not consider specific contextual conditions outside of volume.
I'm impressed b this video: the clarity of the recording and the professional style of breaking things down for easy understanding. Thank you Traderceity!
You're the best because you combine everything simply. Thanx.
😃😃😃😃best teacher on youtube
Agree
Saare videos dekh liye kya utube pe
@@manishtnmc1 destroyed in seconds 😂
Omm nem
Definitely
thank you so much, i availed your online course and finished watching it, i learned a lot. thank you thank you thank you. from 🇵🇭 philippines.
I have seen very few youtuber teaching things like this. God bless you 🙏🙏🙏🙏
Thanks 🙏
You are definitely one of the best teachers out there! ❤❤
I'm glad somebody made a video about this strategy. I've learned this myself in a hard way. I've been teaching this method to my team. Keep doing what you doing! 👌🏽👌🏽
Seeing your video for the first time. Very nice explanation and great learning..👍
Thank you for everything Rolf,.. means a lot
you can make this video worth a million or make it worth nothing. it's all perception & finding it for yourself like he said! Thank you bro!
I love how you analyze and teach
My question is why have I not found this community. Beautifully put video. Thank you for posting.
You are great at explaining love it!
You're such an incredible teacher sir. A huge respect and love from India❤
Thank you 🙏🏾 you saved my trading career
Good video Sir, we need more explanations and examples 👍
Such a brilliant teacher. Thank you!
great teaching, anyone who sees this will love it. there's no lie or magic in this, its just pure and i pray you win more. we've now also set in
I think we can do mulitple entry for this from the first huge break out. Then if it pull back entry again pull back entry again followed by updating always stop loss.
Thank you for this wonderful content - I have a question at the last example - I am afraid with my emotions - does it consider as like a "revenge" trade when trading it the second time? What are your thought process that you're not trading emotionally when setting up the second trade even though your trading plan is still valid?
It's only revenge trading if you go into it emotional trying to get your money back by if you have a good set and your confident about it then go for it.
You probably just got in to early
Great Man, I appreciate your teaching style.❤️❤️❤️
You are sharing the most premium and core content in such simplest manner. Thank you 🙏
Be flexible and adjust your strategies as market conditions change. What works in one market phase might not work in another.
this is thew way we kill Market Price action is on of the best strategy in Financial Market. amazing keep going b ro
Best teacher I have ever seen
I love your teachings pls do another video like this please
Be flexible and adjust your strategies as market conditions change. What works in one market phase might not work in another.
thank you very much to share good lesson every week you are best teacher
The best explains i see for trader in youtube. 👏👏👏👏
Love a lot from India bro..
I learnt a lot like it's end of learning...
😍😍
Do you offer any kind of live streams that show you trading the strategy in the course?
One of my favourite channel in the RUclips.
Fenomenale. ❤
Actually none can compare with you sir God bless you 🙂
Masterfully explained, subscribing!
Wow!🤯 as usual great lesson!!
Can you tell me what that indicator is called on there currently? I can’t seem to find it. How you explained it made soo much sense mentally. I would love to incorporate everything you explained here into my trading.
hi i have been watching your videos it helps a lot....please can you mention the time frame during the chart study
Hey, Great Job on all your videos!... quick question... do you ever set price targets based off of Futures? . ...thx
Great way to reach about price actions and trading ways. ... Thank you so much 🙏 brother
Be flexible and adjust your strategies as market conditions change. What works in one market phase might not work in another.
Hi, do a Video with failed trades, would be very helpful for learning 🙏
Thx for the good content.
At last someone analysing the charts !! Thank you
Lovely style of teaching!! I reallyappreciate
Old but gold, thank you for the knowledge.
Sir its very grateful to learn from u. Please mention the time frame of the candles. Request
You are a really good master!!! Big Thanks....
great free content, I saw this content on many paid courses, and you give them out for free, thanks! :D
Hello and thank u 4 the great vid. Can u provide the full name of those pivots trading view indies please ?
wow i cant believe there are so many fantastic videos on this channel ill see how many i can get through today ill definitely be back for more!
In trading you need a lot of patience because you need to wait a lot for a good trade
This is one of the best videos I've encountered on RUclips; the explanation kept taking me there 😢
Your experience and understanding in price action is amazing 👏 👌 ❤️
Sir kya sahi mein ye videos se fayada hota hai??
Thank you so much. This is real stuff ❤
Best man in dalal Street who really share his knowledge.....
Yes sir
Amazing tutorial❤ and i hope i am this good and confident 😊
Thanks I enjoyed your explanation, but how do you take partial profit when you have entered the trade, I don't understand, are you going to stop the trade?
what indicator is he using for the pivots??
Thanks rolf for dis amazing video very knowledgeable really thankful my brother
Lots of thanks for this video 🙏🏽
Dude you'r just the teacher have been looking for
Great knowledge Sir🙏
Great video!! I’m getting better at entries and stops. Now I’m working on holding my trades longer
this is usually the difficult part.
When to check volume and how to decide its going up or down?
Thanks for your eye openers, am begging to enjoy price action trading rather than depending on just indicator. I have a question, pls anyone can answer : is it advisable to trade with price action on m5 knowing the candle patterns aren't that strong?
Dear Mr.Rolf, please make a detailed video on elliot waves
Thank you so much for this beautiful ❤️❤️ content
Which pivot indicator is being used for the daily and weekly ?
You said there is a link in the descriptiom for supply & demand indicator but I couldn't see any link in the description for indicator
Thanks man! very insightful
Thanks brother for the explanation
Do you have some examples for intraday trades. Thanks!
This was very intuitive🔥💕🇧🇼
hi, great video as usual.
will you please share the names of the indicators sir? thank you.
No indicator
It's price action.. there are no indicators on his chart.
Great video as always
who is the 'supply and demand' indicator by on trading view. I've been trying to add it to my charts but can't find it.
Thank you sir u are upgrading my trading experience
Please mention currency pair and timeframe in all your charts
This couldn’t be anymore pertinent than today and past several weeks.
Will this strategy be profitable on the lower time frames?
Very interesting video btw
bro the lower the time frames the more dangoures because lower time frames can move fast and random
Can you share what indicator of Pivot point are you using
Thank you sir 🙏
*Something New 😮🎉*
Super, please suggest how to do in so many gap up and gap down markets.
Thank you for a good video. I like your style. Clear and precise. Im trying to learn price action myself. Btw you have an interesting accent. I cant really pinpoint your nationality but you have a bit of a Vietnamese accent. Are you viet by any chance?
Great knowledge ❤❤
Can we apply this to lower tF like M5
Yes, very good. Thank you.
Big man you are the best thank you for sharing massively information
Are these price action given by you in different videos
is applicable only to forex trading or it also applies to stock/ equity trading
bro this is price action obvio it works everywhere
Bro??😁😁
He said this in the first 10 seconds of the video.
nicely explained mein freund..braucht ein bischen gluck aber.. persistence pays off when your strategy is sound