The Mechanics Of Trading - Part IIIPart III
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Community ideas
The Mechanics Of Trading - Part IIPart I
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IPart I
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
ORDER BLOCK AND FAIR VALUE GAP SMART MONEY CONCEPT**Order Block**:
An order block is a specific price area on a financial chart where institutional traders have placed large buy or sell orders. These areas often lead to significant price movements and are used by traders to identify potential zones of support or resistance. Order blocks represent clusters of orders from big players like banks or hedge funds, signaling where major buying or selling interest lies. When price revisits these zones, it often reacts strongly, making them valuable for predicting price reversals or continuations.
**Fair Value Gap**:
A fair value gap (FVG) is a price range on a chart where there is an imbalance between buyers and sellers, often created during periods of high volatility or news events. This gap typically occurs when the market moves so quickly that trades do not fully fill, leaving a visible gap on the chart. Traders use fair value gaps to anticipate potential price retracements to these levels, as the market tends to revisit and fill these gaps over time, aligning price with its perceived fair value.
Both concepts are crucial in technical analysis for identifying key price levels where significant market activity is likely to occur.
Trade Like A Sniper - Episode 10 - EURJPY - (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURJPY, starting from the 6-Month chart.
- R2F
Trade Like A Sniper - Episode 9 - NQ1- (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing E-mini NASDAQ, starting from the Weekly chart.
- R2F
MARKET STRUCT USING ICT CONCEPTThe Inner Circle Trader (ICT) concept in trading, developed by Michael J. Huddleston, offers a comprehensive approach to understanding and navigating market structure. ICT emphasizes the importance of market structure, which refers to the organization and arrangement of various market components, such as support and resistance levels, trends, and price patterns. This approach involves identifying key levels where institutional investors might be placing orders, understanding liquidity pools, and recognizing the behavior of smart money. By focusing on these elements, traders can better predict market movements, identify high-probability trade setups, and manage risks effectively. The ICT methodology combines technical analysis with a deep understanding of market dynamics to provide traders with a robust framework for making informed trading decisions.
Median Lines and Finding the Right Path When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and Action/Reaction work but this work is useless by itself. No tool is good or bad, they are just tools we use to comprehend markets. The problem arises when the tools start using us and we think there is some kind of magic to them.
The essence of our strategy should be to structure our methods and mindset towards functionality. The journey we should commit to is one marked by fostering accountability and responsibility in all our actions. The swing trade Idea I show, takes method and structures it into function.
Shane
Tutorial TOP DOWN Entry/ Exits DKLs ...Good morning,
I took the time to show you my analysis and how I work.
- Top Down D1 to H1
- Intraday through scalping
- DKLs / HKLs
- Important Zones
- Zone to Zone
- Specific asset volatility
- Entries
- Stop Losses and Exits
Hope you like it so far and could catch some pips. Let me know in the comments below.
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
Trade Like A Sniper - Episode 8 - EURUSD - (29th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURUSD, starting from the Monthly chart.
- R2F
SIMPLE ICT CONCEPTS FOR TRAADING SYNTHETIC INDICES The Inner Circle Trader (ICT) concept for trading Deriv synthetic indices involves using sophisticated market analysis techniques and proprietary trading strategies. It focuses on understanding market mechanics, price action, and order flow to make informed trading decisions. ICT strategies leverage advanced tools and ICT knowledge to predict synthetic market movements, optimizing entry and exit points for higher profitability and risk management.
FAIR VALUE GAP OR ORDER BLOCK ENTRYA fair value gap (FVG) and an order block entry are concepts used in technical analysis within financial markets to identify potential trading opportunities.
### Fair Value Gap (FVG)
A fair value gap refers to a price range on a chart where there is an imbalance between buyers and sellers, often resulting in a quick movement through this area without much trading activity. This gap can create a zone of interest where price may return to fill the gap, presenting a potential trading opportunity. Traders look for these gaps to predict price movements, expecting that the market will revisit these areas to achieve a fair value.
### Order Block Entry
An order block is a consolidation area where significant buying or selling has taken place, often by institutional traders. These blocks are typically identified by a cluster of orders that create a strong support or resistance level. When price returns to this level, it often reacts due to the presence of unfilled orders, providing a strategic entry point for traders. Order blocks are used to predict where the price might reverse or continue its trend, offering a high-probability entry signal based on historical price action.
Both concepts are used by traders to make informed decisions based on the past behavior of price and volume, aiming to identify areas where significant trading activity is likely to influence future price movements.
Rocket Booster In 3 Steps - Recap VideoInside this video, we look at the recap of the rocket booster strategy
that you read about yesterday
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So watch it to find out more
about the rocket booster strategy and
how powerful this strategy can help you
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with your trading journey
Watch it now
and rocket booster this content to learn more,
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Disclaimer: Trading is risky please learn risk management strategies, because you will lose money from trading whether you like it or not.
HOW TO TRADE CHOCH IN FOREX - SMART MONEY TRADERThe "Change of Character" (ChoCh) is a trading concept used to identify potential trend reversals in financial markets. It signifies a shift in market sentiment, such as from bullish to bearish or vice versa.
### Key Elements of ChoCh:
1. **Trend Breaks**: ChoCh occurs when a price trend fails to continue, such as not making a new lower low in a downtrend or a new higher high in an uptrend.
2. **Volume Spikes**: An unusual increase in trading volume accompanying a price movement can indicate a ChoCh.
3. **Candlestick Patterns**: Patterns like engulfing or doji candles can signal a shift in market sentiment.
### Trading Strategy:
1. **Identify Points of Interest (POIs)**: Use higher time frames to find significant levels like order blocks or support/resistance areas.
2. **Analyze Lower Time Frames**: Look for changes in trend around these POIs, using signs like price failing to break previous highs/lows.
3. **Entry Points**: Enter trades aggressively after a ChoCh is identified or conservatively after a return to the fair value gap created during the ChoCh.
4. **Stop-Loss and Take-Profit**: Set stop-loss orders just beyond reversal points and take-profit targets at next significant levels or using a fixed risk-reward ratio.
5. **Confirmation**: Use additional indicators like RSI or Moving Averages to confirm ChoCh signals.
ChoCh helps traders anticipate market reversals and make informed trading decisions across various markets, including forex, stocks, and cryptocurrencies.
ORDER BLOCK CONFIRMATION ENTRY PART 2Sure! Here's another description of order block confirmation with a focus on practical application and detailed examples:
### Understanding Order Block Confirmation:
Order block confirmation is a technique used by traders to identify and validate significant price levels where large orders from institutional traders have been placed. These levels often act as strong support or resistance zones. Confirming an order block helps traders make informed decisions about entry and exit points in the market.
### Detailed Steps for Order Block Confirmation:
1. **Identify Potential Order Blocks:**
- **Bullish Order Block:** Look for a downtrend that ends with a strong bullish reversal, marked by one or more large bullish candlesticks.
- **Bearish Order Block:** Look for an uptrend that ends with a strong bearish reversal, identified by one or more large bearish candlesticks.
2. **Analyze Market Structure:**
- **Trend Context:** Determine whether the market is in an uptrend, downtrend, or sideways movement. This context helps in predicting the likelihood of the order block holding.
- **Key Levels:** Note the order block's alignment with significant support or resistance levels.
3. **Volume Analysis:**
- High volume during the formation of the order block is a strong indicator of institutional activity. Look for volume spikes that coincide with the large candlesticks forming the order block.
4. **Price Action Confirmation:**
- **Engulfing Patterns:** A bullish engulfing pattern at a potential bullish order block or a bearish engulfing pattern at a potential bearish order block can confirm the level.
- **Pin Bars and Rejection Candlesticks:** Candlesticks with long wicks (e.g., pin bars, hammers, shooting stars) at the order block level indicate strong rejection and confirm the presence of significant buying or selling interest.
- **Break and Retest:** Confirmation is stronger if the price breaks through the order block level and then retests it as support (for bullish order blocks) or resistance (for bearish order blocks).
5. **Indicator Confirmation:**
- **RSI (Relative Strength Index):** If the RSI shows overbought conditions at a bearish order block or oversold conditions at a bullish order block, it provides additional confirmation.
- **Moving Averages:** The interaction of price with moving averages (e.g., 50 EMA, 200 EMA) near the order block level can confirm its validity. A bounce off or crossover can be significant.
6. **Confluence of Factors:**
- Multiple confirmations such as Fibonacci retracement levels, pivot points, and trend lines aligning with the order block increase its reliability.
### Practical Examples:
1. **Bullish Order Block Confirmation:**
- Suppose the price of a stock is in a downtrend and reaches a level where it forms a large bullish candlestick, followed by increased volume.
- The RSI indicates oversold conditions.
- The price breaks above the identified order block and later retests this level, forming a bullish pin bar.
- This confluence of signals confirms the bullish order block, suggesting a potential entry point for a long position.
2. **Bearish Order Block Confirmation:**
- Consider a forex pair in an uptrend that hits a resistance level, forming a large bearish candlestick with a volume spike.
- The RSI shows overbought conditions.
- The price breaks below the identified order block and retests it, forming a bearish engulfing pattern.
- This setup confirms the bearish order block, indicating a potential entry point for a short position.
### Trade Execution and Management:
1. **Entry:** Based on the confirmed order block, place a buy order at the bullish order block or a sell order at the bearish order block.
2. **Stop-Loss:** Set stop-loss orders just below the bullish order block or above the bearish order block to manage risk.
3. **Take Profit:** Identify potential take-profit levels based on historical price action, nearby support/resistance levels, or using risk-reward ratios.
By following these detailed steps and examples, traders can effectively use order block confirmation to enhance their trading strategies and improve their chances of successful trades.