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Great video - well all your videos are great. You asked for perspectives and my approach is using dayli chart for filtrering after the 2 first bars. Actually i am using an algo/bot to trade this pattern but it's about going long after close on the second bar. I addition the third bar has to be on a gap down and ones the bears send the price down and they couldn't continue the preasure the price Will go above previous close and fill the opening gap. This is Where i am getting in (well the algo is) in long direction But there's more to the setup. You talk about massive bodies with small tales/wick/support and resistance areas on the first bars. This world be super but most of the times the patterns are anything else but perfect and Thats the reason i have decided to be even more aggressive and have added a rule more. If the pattern is bullish the second bar have to have a larger resistance than support meaning that the second bar have to close somewhere near 76% fibonacci retracement. This will confuse the short side and often result in a situation where the third bar gaps just a bit down in the opening and sort of slips above the previous close and continue through the upper wick resistance and in the end this approach makes a higher profit. But there are times where the trader might expect that after the first solid bar followed up by Another bullish bar (not as bullish as the first one but still green and somewhat solid) then the last third bar will explode upward. This might not be the case. You mentioned that the trend could be in an overall down trend and in effort on the third candle to slip through the upper wick results in a turn around and then goes back south. I am using the upper wick resistance size as Target 1 and if slips through this range then the third bar Should be Very bullish depending on the time frame. On a 24 hour market i want to see breakout above bar 2 high not later than 2/3 (16 hours) into the session. If it happens later there have to be really preasure from the buy side to push the price up some percentage from previous close Finally the shape of the pattern is nessesary to monitor. There are 3 developments to consider The three bars can go up in a strait line pattern and this never happens. The three bars move in acceleration meaning the momentum can Happen on the first bar. If this bar is hugely bought the rest og the pattern exhaust and lieve us with Nothing to profit from. The next bars Will be Something like doji candles So this development is a falling momentum pattern. My Idea of using the pattern is that bar 1 must have a nice momentum/body and then a larger body on the second bar where i then expect the third or forth bar to go nuts in a massive explosion to the upside. The overall pattern have to be a continued acceleration or slope upward otherwise there is a serious danger that the trend becomes unstable and starts Going down to soon And..... buy the way.... this pattern works even better in my trading from the short side Great video 👍 but keep in mind that there are Many additional details to this pattern to consider
can this pattern be found in stock trading like on TD ameritrade, and can it be found in intraday trading charts? I notice a lot of patterns I look up are mainly for the forex styling of trading.
your stop loss is way too close to the lowest candle. MMs can and will catch you there since most amatuers would set their sl there... all in all the insight you give is very standard and ordinary. experienced traders would not give that kind of advice. it might be textbook entry and exit but most of the time this doesnt work like you described...
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👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
You just earned a new subscriber. This was the only video I could find on RUclips that explained and broke down each step!!
Always enjoy your trading videos and you''ve grown this channel quite nicely to serve the trading community.
Great video - well all your videos are great. You asked for perspectives and my approach is using dayli chart for filtrering after the 2 first bars. Actually i am using an algo/bot to trade this pattern but it's about going long after close on the second bar. I addition the third bar has to be on a gap down and ones the bears send the price down and they couldn't continue the preasure the price Will go above previous close and fill the opening gap. This is Where i am getting in (well the algo is) in long direction
But there's more to the setup. You talk about massive bodies with small tales/wick/support and resistance areas on the first bars. This world be super but most of the times the patterns are anything else but perfect and Thats the reason i have decided to be even more aggressive and have added a rule more. If the pattern is bullish the second bar have to have a larger resistance than support meaning that the second bar have to close somewhere near 76% fibonacci retracement. This will confuse the short side and often result in a situation where the third bar gaps just a bit down in the opening and sort of slips above the previous close and continue through the upper wick resistance and in the end this approach makes a higher profit.
But there are times where the trader might expect that after the first solid bar followed up by Another bullish bar (not as bullish as the first one but still green and somewhat solid) then the last third bar will explode upward. This might not be the case. You mentioned that the trend could be in an overall down trend and in effort on the third candle to slip through the upper wick results in a turn around and then goes back south.
I am using the upper wick resistance size as Target 1 and if slips through this range then the third bar Should be Very bullish depending on the time frame. On a 24 hour market i want to see breakout above bar 2 high not later than 2/3 (16 hours) into the session. If it happens later there have to be really preasure from the buy side to push the price up some percentage from previous close
Finally the shape of the pattern is nessesary to monitor. There are 3 developments to consider
The three bars can go up in a strait line pattern and this never happens. The three bars move in acceleration meaning the momentum can Happen on the first bar. If this bar is hugely bought the rest og the pattern exhaust and lieve us with Nothing to profit from. The next bars Will be Something like doji candles
So this development is a falling momentum pattern. My Idea of using the pattern is that bar 1 must have a nice momentum/body and then a larger body on the second bar where i then expect the third or forth bar to go nuts in a massive explosion to the upside. The overall pattern have to be a continued acceleration or slope upward otherwise there is a serious danger that the trend becomes unstable and starts Going down to soon
And..... buy the way.... this pattern works even better in my trading from the short side
Great video 👍 but keep in mind that there are Many additional details to this pattern to consider
Can this be found in intraday trading ?
Pretty Nice Explanation. It would be nice if we could get to hear pattern attributes in points.
Really great! Thanks
+ 1 new subscriber for u bro... Well explained !!
do they have to peirce each other or no?
Pretty good pattern especially after a pull back or a retest but about the huge stop loss it’s not one of my favorite.
Amazing.
can this pattern be found in stock trading like on TD ameritrade, and can it be found in intraday trading charts? I notice a lot of patterns I look up are mainly for the forex styling of trading.
Thank you for great video
What does it mean when I see three white soldiers will the market go up or down??
Does this pattern on work on day candles? So you can't really spot this pattern in say 1m, 15m, 1hr etc?
but it pullback before long ?????
doesn't this pattern begin with a bullish engulfing pattern?
I made my first million from second guessing. I also lost my first million by second guessing. Very fun. "Bullish One White Soldier - All In"
your stop loss is way too close to the lowest candle. MMs can and will catch you there since most amatuers would set their sl there...
all in all the insight you give is very standard and ordinary. experienced traders would not give that kind of advice.
it might be textbook entry and exit but most of the time this doesnt work like you described...