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Oh no it's fine okay alright
it's good that's good okay
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candle trends candle trends are
mostly noticeable in trending
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markets it's obviously right
whenever you're looking at the
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charts you're only looking at
to see that okay is the market
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trending or not so candle
trends are most noticeable in a
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trending market what this
basically means is that a
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candle trend will either start
from a support or resistance
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you know either candles are
going to start moving bullish
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from supports or they'll start
moving bearish from resistances
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best form of confirmation is on
the 30 -minute and higher time
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frames guys tattoo this on your
hand forehead write it down a
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sticky note paste it on the
computer or whatever but the
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best form of confirmation is on
the 30 -minute time frames and
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higher you know if the trend is
bearish or there is a
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confirmation at retest, candles
will make lower lows and lower
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00:01:07,888 --> 00:01:11,968
highs. You know, whenever price
reaches a resistance and you
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have a candle closing bearish,
there's a very high chance
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candles will make lower lows
and lower highs. In the same
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way, if the trend is bullish or
there's a confirmation at
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support, candles will make
higher highs and higher lows.
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This is extremely important
concept. Extremely, extremely
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important concept. Right? So
candle trends. Every trade
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every trade from here on that
you will focus on is going to
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be based on a trending candles.
You know when candles are
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making high highs and higher
lows or when candles are making
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lower highs and lower lows.
There will be no instant where
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you will be taking a trade when
candles are consolidating. You
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know it just makes no sense
because we're here to make
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money and for you to put
yourself in the best position
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to make money or win trades is
to focus on candles this is
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00:02:01,948 --> 00:02:07,268
really important so this is an
example of a trending candle
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right you have bearish candle
let's say it's that resistance
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and now you want the next one
to make a lower high and a
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lower low so this is your
trading candle right some
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people say that hey we're
going to wait for this
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confirmation man this is your
confirmation right here this
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candle closing is your
confirmation right here this if
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this is on a 30 -minute or a
one hour time frame this is
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your saying that there's a very
high chance for a next candle
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to continue moving bearish
right in the same way when
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we're talking about bullish
candles this is what we're
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talking about right here now
when candles is closing bullish
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this is maybe maybe let's say
this is your support after like
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a bearish candle this is your
confirmation now this means if
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this happens on the 30-minute
or the 1 hour you know that
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there's a very high chance that
the next candle is going to go
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bullish and that will be your
trading candle right? That will
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be your trading candle. Um for
candles not to trend, we look
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at something like this. If you
see that this candle is
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bearish, you want the next
candle to also go bearish,
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right? But let's say if you put
your stop up over here, next
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candle goes bullish, it stops
you out. Oh well, that's okay
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because you managed your risk.
You know, this is why having a
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stop loss is really really
really important. If you don't
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use stop losses and if you let
trades run, man, they will go
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in a down and you will not feel
good. Trust me on that. I've
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been there and it's not a good
feeling at all. In the same way
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when we're looking at candles
going bullish you want the next
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candle to form a higher high
and a higher low. But sometimes
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the probability is not in your
favourite and that's totally
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okay. You know sometimes you
know guys take it very very
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personal. They're like hey man
I had a buy and I expected
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candle to make a higher highs
and higher lows and how come
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it's it it when bear should
stalk me out. It is what it is.
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You know, it's it's a
probability game. You know,
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00:04:04,728 --> 00:04:06,728
there's a very high
probability, price will
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00:04:06,728 --> 00:04:09,968
continue moving bullish and
there's a low probability,
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00:04:09,968 --> 00:04:13,048
price will go bearish and
sometimes you're going to be at
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00:04:13,048 --> 00:04:16,368
the end of the low probability
stick. You know, you might get,
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you will get stopped out and
and that's going to happen less
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of the time, less time. You
will get stopped out. You know,
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so the only thing we control at
that point is your risk. Like,
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what sort of a risk are you
using today? Um so let's
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continue on over here and oh so
when candles are trending this
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is like take a picture of this
write it down somewhere this is
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really really this is simple
concept which is really
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important when candles are
trending they must respect the
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highs in a bearish trend they
must respect the lows in a
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bullish trend and what I mean
by this is the candles
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themselves they should respect
the highs and the lows I have a
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00:05:05,048 --> 00:05:08,048
question here. What if you get
a bullish candle, bullish
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candle closed at support, okay?
But the four hour is bearish
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and the daily is bearish, do
you still take the trade? No,
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you look for what the lower
time frame candle saying. If
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the four hour candle is closing
at support, you can't take a
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sell because it's at support.
You can't take a buy because
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candle is bearish. Make sense?
You either want that support to
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be broken and make a low and
then take a trade or you want,
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yeah, so we're going to go over
those examples here now. Man,
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you guys need to relax with the
questions.
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I'm pretty sure I'm pretty sure
some questions you had which I
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didn't answer they were
answered in the last slides you
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know so so we're going to so
we're going to answer
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everything man don't worry
don't worry alright awesome so
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00:06:02,788 --> 00:06:06,968
every chart that we're going to
look at here is either going to
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00:06:06,968 --> 00:06:12,008
be a a a four hour chart or
it's going to be a one hour
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chart. Right? So the
confirmations are going to be
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based on the four hour or the
one hour chart. So basically
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what's happening right now
here. Right? First of all what
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we see is that trend is bearish
right trend is bearish but at
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the same time we are creating
some sort of a support down
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here and it looks like we have
a bullish candle so it may be
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forming another support right
over here right now I want some
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some I want some interaction
here. Now when we're looking at
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these candles is this is this a
good time to buy right now?
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00:07:01,388 --> 00:07:06,648
People are saying no okay the
stock is going to be too big
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00:07:06,648 --> 00:07:09,928
this is this is not a good time
to buy right now but if because
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00:07:09,928 --> 00:07:14,128
the only reason is that price
is moving bullish we need price
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is moving let's see here so
basically what's happening is
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price is moving like this you
need a retracement to happen
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right over here so you can take
a buy and then price can go up
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00:07:32,688 --> 00:07:36,008
you know but the important
thing is that there is clean
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traffic to the left you see
this candle closed above these
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candles and you have clean
traffic till over here so maybe
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this is going to be an area
where price might head off to
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you know if it was to go up so
so let's see if we get some
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confirmations here we have a
candle closing like a small
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bullish candle like this right
let's see what the next candle
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does next candles closing like
a like a bearish candle like
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this there's still there's
still no trade there's no
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00:08:04,608 --> 00:08:09,608
confirmation and now we have a
candle closing like this right
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So, would this be a good
position to take a buy?
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00:08:16,048 --> 00:08:22,268
And and even if someone someone
would say okay the range is
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small some people would say I
might take a buy but but but
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the range is small so let's
talk about biases right what's
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what's the probability that
price is going to go up rather
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than down you know the
probability is really really
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high the price is going to go
up you know so so when you're
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starting as a new trader right
you're you're basically paper
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trading right you're just
looking to see that okay what's
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the probability of price going
up or down so this is when
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someone said that hey the
higher time frame is bearish
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coming down but the lower time
frame is telling us that
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there's an opportunity for
price to continue going up so
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so so this is what we're saying
someone said there's a 63. 756%
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00:09:06,308 --> 00:09:09,708
chance price to go up you know
so that's pretty good now the
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00:09:09,708 --> 00:09:13,828
bias is bullish right even
though someone's taking trades
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someone's not taking trades
someone is just anticipating
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honestly when there's the when
we have the New York sessions
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more than half of the time I'm
just anticipating trades. I'm
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anticipating that price is
going to move a certain way.
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Right? So let's see what
happens here. So so if let's
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say you're taking a trade or
you're anticipating a trade
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it's very clear since what
we've learned so far that a
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stop is going to be down over
here. Right so let's see what
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happens here. Um next candle
goes up. Perfect. You know the
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the bias was right. We waited
for these candles to close and
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price went up. So now if we had
our stop loss down over here.
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00:09:55,948 --> 00:10:01,088
Now we're moving a stop up over
here. Right and then we look
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00:10:01,088 --> 00:10:06,728
next and then we have a bearish
candle forming like this right
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00:10:06,728 --> 00:10:09,408
we have a bearish candle
forming like this with no wick
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at the bottom so when a candle
is closing bearish with no wick
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at the bottom this means
there's no range for the next
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candle to go down right and it
also doesn't it also seem like
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that is doing some sort of a
some sort of a retest here in
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00:10:25,648 --> 00:10:29,288
this zone right like it's not
exact zone but it's like a
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ballpark zone there so see what
happens next here that
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continues to go up and you know
it just starts ranging then.
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00:10:38,828 --> 00:10:42,388
You know so maybe this move up
was market open. This was
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00:10:42,388 --> 00:10:47,188
volume push and then market
start to range. You see how you
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00:10:47,188 --> 00:10:51,068
had volume, volume, then range
then volume then kind of like
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00:10:51,068 --> 00:10:54,588
range here then volume and
range. This is how price moves.
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Price will move with with
volume and then there's
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going to be some sort of a
range. When there whenever
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00:11:01,068 --> 00:11:04,708
there's a range you will see
some sort of confirmation
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within that range that okay we
might start moving up now. So
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00:11:08,588 --> 00:11:12,948
when price was when price was
ranging over here this was your
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00:11:12,948 --> 00:11:16,628
confirmation that okay we might
move start moving up some took
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the trade some took a some took
a paper trade some waited why
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did the top of the wicks not
put you off please oh we didn't
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take a trade this was just
anticipating every example that
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we're going to do here we're
just anticipating trades right
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step one to being profitable is
to anticipate trades when you
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00:11:36,868 --> 00:11:41,328
can trades long enough then you
start executing on those trades
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because your confidence is up
because now so for example I've
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00:11:46,368 --> 00:11:50,008
been looking at US 30 for about
a month month now right I've
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00:11:50,008 --> 00:11:53,288
been anticipating moves on US
30 and I think from June I'm
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00:11:53,288 --> 00:11:56,368
going to start executing on on
US 30 so you know that's
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00:11:56,368 --> 00:12:01,688
important why isn't first pull
back after bottom of page a
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00:12:01,688 --> 00:12:08,788
retest what why isn't first
pull back after bottom of page
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00:12:08,788 --> 00:12:13,188
a retest I don't understand I
understand what that question
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00:12:13,188 --> 00:12:17,748
means so maybe this was a
retest here like we just
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00:12:17,748 --> 00:12:22,548
anticipating trades we just
anticipating so just to keep it
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00:12:22,548 --> 00:12:25,948
simple we're just seeing if
price is going to go up or down
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00:12:25,948 --> 00:12:30,828
just so that we know if we are
right or wrong alright let's go
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00:12:30,828 --> 00:12:36,568
to an example here okay so
what's happening at this point
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00:12:36,568 --> 00:12:39,728
What's the number one thing we
see? We see we see prices
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00:12:39,728 --> 00:12:46,008
ranging. Someone said dog ****
that's that's also good. Um but
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00:12:46,008 --> 00:12:53,648
first of all what we see is
this candle. Then we see this
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00:12:53,648 --> 00:12:58,368
candle and then we see this
candle. Right? So looking at
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00:12:58,368 --> 00:13:02,648
these three candles can't we
see that a support has been
192
00:13:02,648 --> 00:13:05,688
formed? Yeah support has been
formed right? So we have a
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00:13:05,688 --> 00:13:09,888
support form right over here.
Support formed and then we have
194
00:13:09,888 --> 00:13:13,568
some sort of a resistance
forming over here too. So at
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00:13:13,568 --> 00:13:17,008
this point we cannot take a
trade because I mean it's just
196
00:13:17,008 --> 00:13:19,528
very hard to take a trade you
know because we are in a small
197
00:13:19,528 --> 00:13:23,088
range. But also it's rejecting
down here so we need some
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00:13:23,088 --> 00:13:26,608
confirmations. Now we have a
candle going up into this
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00:13:26,608 --> 00:13:30,488
level. It's at a minor
resistance. We can't take a buy
200
00:13:30,488 --> 00:13:33,648
because it's at a minor
resistance. We can't take a
201
00:13:33,648 --> 00:13:38,988
sell because candle is bullish.
Right? So now we have another
202
00:13:38,988 --> 00:13:41,708
candle looking like this and
now we have another candle
203
00:13:41,708 --> 00:13:45,668
looking like this and then we
have a candle closing above
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00:13:45,668 --> 00:13:52,388
this area right so let's say
for example for example now we
205
00:13:52,388 --> 00:13:59,308
have this range here let's say
this range was 50 pips would
206
00:13:59,308 --> 00:14:05,048
this be a good opportunity take
a buy Someone said hell yeah.
207
00:14:05,048 --> 00:14:11,168
You know but but if this if
this range was 20 pips then it
208
00:14:11,168 --> 00:14:14,248
would be very difficult to take
a buy because someone would say
209
00:14:14,248 --> 00:14:17,208
okay hey since we don't have
prices to the left so we don't
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00:14:17,208 --> 00:14:20,048
know we don't know how big the
range is but hypothetically
211
00:14:20,048 --> 00:14:23,728
speaking if this was a small
range we would anticipate price
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00:14:23,728 --> 00:14:27,888
going up but we wouldn't take a
buy. If this was a bigger range
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00:14:27,888 --> 00:14:31,688
a fifty pip range then someone
could say okay well you know we
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00:14:31,688 --> 00:14:35,468
are this was a minor resistance
price respected here price
215
00:14:35,468 --> 00:14:40,268
rejected rejected this this
candle closed above all the
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00:14:40,268 --> 00:14:44,588
candles to the left and we have
ample range over here so this
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00:14:44,588 --> 00:14:48,988
could be a better opportunity
take a buy yeah so if this was
218
00:14:48,988 --> 00:14:53,068
a bigger range what time is it
we don't know what time is it
219
00:14:53,068 --> 00:14:56,628
so so every example which we're
going to look at here it's
220
00:14:56,628 --> 00:15:00,228
going to be a time when there's
volume in the market right it
221
00:15:00,228 --> 00:15:03,528
could be New York open London
open, Asian open. This is
222
00:15:03,528 --> 00:15:06,208
going to be volume in the
market. Right? So let's see
223
00:15:06,208 --> 00:15:09,408
here. So yeah perfect. Next
candle went up. This was
224
00:15:09,408 --> 00:15:11,968
perfect because this candle
closed above the highs and you
225
00:15:11,968 --> 00:15:16,888
know if you had a if you had a
stop so so far by now I expect
226
00:15:16,888 --> 00:15:21,048
everybody to know where your
stop loss is going to be. It's
227
00:15:21,048 --> 00:15:24,208
going to if you're looking for
buys it's going to be be below
228
00:15:24,208 --> 00:15:28,888
a bullish candle. One what some
people do is they put the stop
229
00:15:28,888 --> 00:15:32,788
right at the wick. That's
wrong. The reason why it's
230
00:15:32,788 --> 00:15:36,588
wrong is because the spread can
take you out if price comes
231
00:15:36,588 --> 00:15:39,388
down the spread can take you
out so always have it a couple
232
00:15:39,388 --> 00:15:46,268
pips below the candle yes so
let's see what happens to the
233
00:15:46,268 --> 00:15:50,948
next candle here and oh yeah
next continues to move up so if
234
00:15:50,948 --> 00:15:56,028
you are trailing your stops
right let's say you had to stop
235
00:15:56,028 --> 00:15:59,268
down over here then you move
your stop below the low of the
236
00:15:59,268 --> 00:16:02,068
candle because you know you're
a smart trader and you're
237
00:16:02,068 --> 00:16:04,588
you're trailing your stops
below the lows of the candles
238
00:16:04,588 --> 00:16:08,108
if you're in bias and then
since you're doing that the
239
00:16:08,108 --> 00:16:11,388
next candle just shoots up and
you're like oh perfect I had a
240
00:16:11,388 --> 00:16:16,988
nice trade here which broke a
dynamic entry possibly at
241
00:16:16,988 --> 00:16:21,708
bottom of range may be advanced
entry yes so far if you are new
242
00:16:21,708 --> 00:16:26,148
I don't expect you guys to use
use ah dynamic trades dynamic
243
00:16:26,148 --> 00:16:30,628
risk none of that I expect
everyone to use ah simple
244
00:16:30,628 --> 00:16:35,068
simple basic ah simple basic
static risk ah Krish Krish said
245
00:16:35,068 --> 00:16:38,068
the right thing let the runner
run perfect you know so you put
246
00:16:38,068 --> 00:16:43,768
stops at break even once price
came up here you took profits
247
00:16:43,768 --> 00:16:47,688
it's at resistance. We don't
know. So whenever price reaches
248
00:16:47,688 --> 00:16:50,888
a resistance and you're in a
trade write this down please.
249
00:16:50,888 --> 00:16:55,248
Um whenever price reaches a
resistance and we're in a trade
250
00:16:55,248 --> 00:16:58,448
we don't know whether price is
going to break it or not. We
251
00:16:58,448 --> 00:17:01,448
don't know that. You know so
it's it's it's always good
252
00:17:01,448 --> 00:17:05,408
practice to secure profits. If
you have or if you want to
253
00:17:05,408 --> 00:17:09,168
leave a runner put a runner at
break even and if it continues
254
00:17:09,168 --> 00:17:12,728
on that runner is going to be
your it's going to be a golden
255
00:17:12,728 --> 00:17:15,948
trade. You know at the same
time if price reaches a support
256
00:17:15,948 --> 00:17:18,668
and you're in a sell we don't
know if it's going to break
257
00:17:18,668 --> 00:17:22,388
support or not. We need to
secure profits. Can we place
258
00:17:22,388 --> 00:17:25,468
more risk there or is it a bad
idea reaching a resistance.
259
00:17:25,468 --> 00:17:30,308
It's a very bad idea reaching a
resistance and taking a trade.
260
00:17:30,308 --> 00:17:35,188
Don't do that. We don't do
that. Um if you are if you are
261
00:17:35,188 --> 00:17:39,348
new then you do that but it's a
best practice not to do that.
262
00:17:39,348 --> 00:17:42,308
We already talked about this.
When price is moving up we
263
00:17:42,308 --> 00:17:46,068
don't take buys. We wait for
price to come down or create
264
00:17:46,068 --> 00:17:50,628
like a support or whatever and
then we take a buy. So how long
265
00:17:50,628 --> 00:17:53,188
is this webinar going to be
Raja? I think we're going to go
266
00:17:53,188 --> 00:17:56,388
for another hour. So if you
want to leave that's fine. It's
267
00:17:56,388 --> 00:17:58,468
going to be recorded anyway.
I'm going to place it in the
268
00:17:58,468 --> 00:18:04,068
drive maybe by tonight or
tomorrow morning. Um all right.
269
00:18:04,068 --> 00:18:08,908
Let's take a look at next
example here. Awesome. So
270
00:18:08,908 --> 00:18:14,068
what's what's what's the bias
here? When you look at this
271
00:18:14,068 --> 00:18:20,068
what's the bias? Everyone
saying bearish is saying
272
00:18:20,068 --> 00:18:25,108
downtrend right? So so when we
have a when we have a downtrend
273
00:18:25,108 --> 00:18:29,548
we wait for some sort of we
wait for some sort of a
274
00:18:29,548 --> 00:18:32,808
resistance to be farming.
Right? So the first thing
275
00:18:32,808 --> 00:18:36,808
first. First thing is we see
prices dropping. You know so if
276
00:18:36,808 --> 00:18:40,768
prices dropping you don't
want to take a sell here. The
277
00:18:40,768 --> 00:18:44,208
number one mistake people make
is when prices dropping they
278
00:18:44,208 --> 00:18:48,288
take sells. You want some sort
of like you know you want some
279
00:18:48,288 --> 00:18:51,408
sort of a like a like a
retracement to happen and then
280
00:18:51,408 --> 00:18:53,968
you want to take a sell. You
know so first things first.
281
00:18:53,968 --> 00:18:57,288
First thing is we need to
identify our zone. You know the
282
00:18:57,288 --> 00:19:03,508
first zone is going to be maybe
right over here. Right? Because
283
00:19:03,508 --> 00:19:06,308
price broke down created a
resistance and then it went
284
00:19:06,308 --> 00:19:10,668
down. So whenever price is
falling down also write this
285
00:19:10,668 --> 00:19:14,228
down too. Whenever price is
falling down it's falling down
286
00:19:14,228 --> 00:19:17,548
from a resistance. So you need
to mark a resistance. You know
287
00:19:17,548 --> 00:19:20,908
whenever price is moving up
it's moving up from a support.
288
00:19:20,908 --> 00:19:23,628
So in the same way we have a
support right over here.
289
00:19:23,628 --> 00:19:27,628
Because price is moving up. You
know from here price is moving
290
00:19:27,628 --> 00:19:31,388
down so we have a resistance
right over here. So let's see
291
00:19:31,388 --> 00:19:35,788
what happens here next. Price
is moving down, there's no
292
00:19:35,788 --> 00:19:39,108
trade, we don't know what's
going to happen, right? So,
293
00:19:39,108 --> 00:19:42,708
we're still, we're still
waiting here. Now, we have a
294
00:19:42,708 --> 00:19:46,428
candle forming like this like a
doji candle. There's obviously
295
00:19:46,428 --> 00:19:48,868
there's no trade. Since what
we've learned so far, there's
296
00:19:48,868 --> 00:19:53,468
no trade right now. Now, we
have a candle moving bullish,
297
00:19:53,468 --> 00:19:58,988
right? Now, can we take a buyer
to sell? I don't think so it's
298
00:19:58,988 --> 00:20:01,428
going to get pretty difficult
because you know, you have a
299
00:20:01,428 --> 00:20:07,088
range right over there. So, we
have to wait a little bit. Um
300
00:20:07,348 --> 00:20:12,448
okay we have a candle moving up
now so you know we just it
301
00:20:12,448 --> 00:20:15,728
moved up so you know we were
looking for sell so we're still
302
00:20:15,728 --> 00:20:20,148
weighing here a little bit
price is still moving bullish
303
00:20:20,148 --> 00:20:24,628
now notice how notice how price
broke above this area and it
304
00:20:24,628 --> 00:20:28,548
came up to this previous
support right it came up this
305
00:20:28,548 --> 00:20:32,628
previous support it created a
low also another thing to note
306
00:20:32,628 --> 00:20:36,348
is whenever price is trending
down it will create a low
307
00:20:36,348 --> 00:20:39,668
whenever a low is formed
there's going to be a
308
00:20:39,668 --> 00:20:42,668
retracement and then there's
going to be a very high
309
00:20:42,668 --> 00:20:46,548
probability that price will
retest that low whenever price
310
00:20:46,548 --> 00:20:50,228
will retest that low that's the
trade I'm willing to trade you
311
00:20:50,228 --> 00:20:53,148
know that's the confirmation
I'm willing to take so when we
312
00:20:53,148 --> 00:20:56,628
look at the next see what
happens here. Next we have a
313
00:20:56,628 --> 00:21:00,508
resistance forming. Right? So
now there will be two groups of
314
00:21:00,508 --> 00:21:07,668
people. One group will say sell
it. Then another group will say
315
00:21:07,668 --> 00:21:12,108
wait for some sort of some sort
of a confirmation. This is your
316
00:21:12,108 --> 00:21:16,188
confirmation. This is if this
is a one hour time frame or if
317
00:21:16,188 --> 00:21:20,028
this is a 30 -minute time frame
this is the confirmation you
318
00:21:20,028 --> 00:21:23,468
are looking for because when
the next you need to understand
319
00:21:23,468 --> 00:21:28,568
this guys whenever are moving.
Candles are moving with
320
00:21:28,568 --> 00:21:32,808
billions of dollars. You know
every every pip moved in a
321
00:21:32,808 --> 00:21:36,848
candle is billions and billions
of dollars. We're just trading
322
00:21:36,848 --> 00:21:39,728
a candle with scratching the
surface. So if you're trying to
323
00:21:39,728 --> 00:21:44,328
take a sell over here everybody
know by now that your stop is
324
00:21:44,328 --> 00:21:48,248
going to be above the bearish
candle and you're anticipating
325
00:21:48,248 --> 00:21:51,768
the next candle to respect that
high and continue moving
326
00:21:51,768 --> 00:21:55,528
bearish like this. You know and
at this point you're probably
327
00:21:55,528 --> 00:22:00,048
securing profits or you're
putting stops at Rick even but
328
00:22:00,048 --> 00:22:03,848
but ultimately you want price
to continue down to retest this
329
00:22:03,848 --> 00:22:08,848
low right so if you look at
there price does come down and
330
00:22:08,848 --> 00:22:13,168
we start moving further down so
so when price came down to this
331
00:22:13,168 --> 00:22:17,408
support this is where you are
securing you're securing right
332
00:22:17,408 --> 00:22:20,288
over here right because we
don't know whether price is
333
00:22:20,288 --> 00:22:23,208
going to continue moving down
or not so that's why you're
334
00:22:23,208 --> 00:22:27,408
leaving a runner runner running
you're trailing your stops and
335
00:22:27,408 --> 00:22:30,728
you're leaving a runner running
you're leaving a portion of
336
00:22:30,728 --> 00:22:34,948
your run so to speak that okay
if that position keeps on
337
00:22:34,948 --> 00:22:39,068
running I want the most out of
that so then you know like it
338
00:22:39,068 --> 00:22:42,028
starts it starts moving down
you're like oh perfect my
339
00:22:42,028 --> 00:22:46,188
runner kept on running so I had
a good trade why the price went
340
00:22:46,188 --> 00:22:50,988
down instead of moving up I
don't know if that's a serious
341
00:22:50,988 --> 00:22:58,248
question or not but I think
that's not a serious question.
342
00:22:58,248 --> 00:23:03,288
I hope that's not a serious
question. Um so would this be
343
00:23:03,288 --> 00:23:07,168
valid enough confirmation on 30
minute time frame? Yes. Yes.
344
00:23:07,168 --> 00:23:10,568
Based on what I've seen based
on what I've traded. Whenever
345
00:23:10,568 --> 00:23:14,608
that happens there's a very
there's a very high chance that
346
00:23:14,608 --> 00:23:19,088
this will continue on. You know
so the reason why price moved
347
00:23:19,088 --> 00:23:22,568
bearish was we don't know
whether price where price is
348
00:23:22,568 --> 00:23:25,808
going to go to be honest. We
don't know that. All all what
349
00:23:25,808 --> 00:23:30,928
we do know is that a resistance
has been formed. So there's a
350
00:23:30,928 --> 00:23:34,088
high probability that price
will go down. We don't know why
351
00:23:34,088 --> 00:23:37,368
it's going to go down. We just
know based on probability that
352
00:23:37,368 --> 00:23:41,328
it should go down. Man, it
could've it could have gone up
353
00:23:41,328 --> 00:23:45,008
too. Look at this. It could
have gone up like the next
354
00:23:45,008 --> 00:23:49,728
candle could have gone up let's
say after
355
00:23:50,308 --> 00:23:54,488
this one right if we had this
candle man the next candle
356
00:23:54,488 --> 00:23:58,848
could have gone up where is my
candle man come on come on zoom
357
00:23:58,848 --> 00:24:02,528
cooperate with me here next
candle could have gone like
358
00:24:02,528 --> 00:24:06,648
this but for this to happen
there's a low probability for
359
00:24:06,648 --> 00:24:11,048
this to happen you know we just
go off of based of a higher
360
00:24:11,048 --> 00:24:14,088
time frame like what's the
highest probability you know so
361
00:24:14,088 --> 00:24:16,928
when you had that candle close
you're like okay there's a
362
00:24:16,928 --> 00:24:20,128
higher probability that the
next candle is going to go down
363
00:24:20,128 --> 00:24:24,428
and we execute based on
probabilities Raja time a
364
00:24:24,428 --> 00:24:27,388
candle is formed we move the
stop loss of the runner correct
365
00:24:27,388 --> 00:24:33,628
yes yes exactly so alright
let's take a look at the next
366
00:24:33,628 --> 00:24:40,488
example here Because everyday
is not sunshine and rainbows.
367
00:24:42,888 --> 00:24:49,988
Alright now we have this
scenario right over here right
368
00:24:49,988 --> 00:24:57,628
what's it's I think this is a
this is a harder example than
369
00:24:57,628 --> 00:25:02,028
the previous ones yeah it's
very hard it's very hard the
370
00:25:02,028 --> 00:25:07,028
first thing you see is that
candles are moving bearish
371
00:25:07,028 --> 00:25:09,468
right that's the first thing
you see candles are moving
372
00:25:09,468 --> 00:25:13,028
bearish which means that we
have some sort of a resistance
373
00:25:13,028 --> 00:25:17,448
forming and then we have some
sort of support forming down
374
00:25:17,448 --> 00:25:19,808
over here and seems like it's
kind of like arranging on
375
00:25:19,808 --> 00:25:23,408
whatever but it seems very
difficult to trade here. So
376
00:25:23,408 --> 00:25:26,928
let's see let's see what
happens and then so so these
377
00:25:26,928 --> 00:25:31,248
are all 30 minute and one hour
time frame examples. Um so next
378
00:25:31,248 --> 00:25:34,488
candle starts moving down. You
know it's moving it's coming
379
00:25:34,488 --> 00:25:37,408
down to this minor support. We
don't know what's going to
380
00:25:37,408 --> 00:25:39,968
happen here. So probably just
going to wait here a little
381
00:25:39,968 --> 00:25:46,188
bit. Um the next candle starts
moving bearish. Could we take a
382
00:25:46,188 --> 00:25:49,908
sell I don't think so because
range is not enough I mean it's
383
00:25:49,908 --> 00:25:54,148
just it's just very tricky very
tricky if someone does take a
384
00:25:54,148 --> 00:25:58,268
sell then you would want price
to respect the high of the
385
00:25:58,268 --> 00:26:01,588
previous candle and then
continue moving down that's
386
00:26:01,588 --> 00:26:05,148
what would you would want you
know but since it's in this in
387
00:26:05,148 --> 00:26:08,628
this area over here it just
looks very dirty very tricky it
388
00:26:08,628 --> 00:26:15,208
doesn't look good at all
someone saying buy it we listen
389
00:26:15,208 --> 00:26:19,288
when you say buy without a
candle closing bullish that
390
00:26:19,288 --> 00:26:23,088
tells me you're not taking any
notes so you have to wait for
391
00:26:23,088 --> 00:26:26,608
candles to close in your
direction listen if you guys
392
00:26:26,608 --> 00:26:29,928
don't wait for candles to close
in your direction you're
393
00:26:29,928 --> 00:26:32,808
going to be in the same spot
you've been since you started
394
00:26:32,808 --> 00:26:36,368
trading we are here to make a
change and you need to make a
395
00:26:36,368 --> 00:26:39,528
change in your mentality first
you need to wait for candles to
396
00:26:39,528 --> 00:26:43,488
close in your direction and
then take trades you need to
397
00:26:43,488 --> 00:26:46,808
make a change to see a change
that's that's how it's going to
398
00:26:46,808 --> 00:26:49,548
work if you don't make a change
you're never going to see a
399
00:26:49,548 --> 00:26:52,748
change I know a lot of people
who've been who who are in my
400
00:26:52,748 --> 00:26:57,028
group and oh basically I know
people who started when I
401
00:26:57,028 --> 00:27:00,228
started with Ted and they're in
the same position they were
402
00:27:00,228 --> 00:27:02,948
since they started because of
because they're not patient
403
00:27:02,948 --> 00:27:06,028
enough they don't wait for
Canada to close they just take
404
00:27:06,028 --> 00:27:09,588
they they over trade they over
risk they're in the same
405
00:27:09,588 --> 00:27:13,308
position they were since they
started me I've progressed I
406
00:27:13,308 --> 00:27:16,608
know a couple of other guys
they've progressed a lot too so
407
00:27:16,608 --> 00:27:20,448
you have to wait. Waiting man
you get paid to wait. You know
408
00:27:20,448 --> 00:27:23,208
see. So if you have taken a
cell over here would have
409
00:27:23,208 --> 00:27:26,608
gotten stopped out. You know it
it would have been very tough.
410
00:27:26,608 --> 00:27:29,968
So next candle close like this.
Next candle is closing like
411
00:27:29,968 --> 00:27:34,768
this and it's approaching this
minor support form here. Now it
412
00:27:34,768 --> 00:27:37,168
gets very difficult to trade.
We don't know what's going to
413
00:27:37,168 --> 00:27:40,968
happen. And the next candle
starts going down, reaches the
414
00:27:40,968 --> 00:27:45,488
support and the one after that
breaks down and it's just it's
415
00:27:45,488 --> 00:27:51,268
just a you know so so so this
was this was a this in this
416
00:27:51,268 --> 00:27:56,428
example there was no trade it
was very hard to trade I'm a
417
00:27:56,428 --> 00:27:59,548
new trader but knowing myself I
would have taken a sell on the
418
00:27:59,548 --> 00:28:03,588
third last candle because it
broke the low it did not break
419
00:28:03,588 --> 00:28:06,748
the high and closed bearish
with stops above right or wrong
420
00:28:06,748 --> 00:28:09,668
I think that's a that's a right
idea that would have been the
421
00:28:09,668 --> 00:28:12,708
right idea but then there was a
lot of learning involved too
422
00:28:12,708 --> 00:28:17,188
whenever you whenever you take
a trade and you lose a trade
423
00:28:17,188 --> 00:28:19,508
you're always learning
something. You know if you
424
00:28:19,508 --> 00:28:22,188
would have taken a cell after
this candle it could have
425
00:28:22,188 --> 00:28:24,708
worked. This could have worked
and then someone that could
426
00:28:24,708 --> 00:28:27,988
have taken a cell over here
anticipating price to move down
427
00:28:27,988 --> 00:28:33,188
then it could not have worked.
You know so so you want a clean
428
00:28:33,188 --> 00:28:36,428
range you know the reason why
this did not look good was
429
00:28:36,428 --> 00:28:39,268
because there was a minor
support over here you know we
430
00:28:39,268 --> 00:28:41,228
didn't know what's going to
happen and there was support
431
00:28:41,228 --> 00:28:43,828
down over here so it's
obviously this is like this
432
00:28:43,828 --> 00:28:49,048
wasn't an easy example. So to
speak.
433
00:28:50,048 --> 00:28:55,608
How many kennel you want to
confirm resistance? Just one.
434
00:28:55,608 --> 00:29:01,228
Right. So, What's happening
here now? What's what's the
435
00:29:01,228 --> 00:29:09,288
bias over here? Bearish okay
someone is saying bearish paid
436
00:29:09,288 --> 00:29:15,208
to wait ah bearish down okay so
if so if we were to take a cell
437
00:29:15,208 --> 00:29:19,408
okay so would this be a would
this be the the the great idea
438
00:29:19,408 --> 00:29:22,448
to take a cell right now
439
00:29:24,748 --> 00:29:30,448
no someone saying no bad idea
bearish bearish bearish let's
440
00:29:30,448 --> 00:29:35,408
see what happens here see this
would have been a okay idea to
441
00:29:35,408 --> 00:29:42,088
take a cell because we had a
wick to fill right over here
442
00:29:42,088 --> 00:29:49,708
and we had a retracement done
support formed right over here
443
00:29:49,708 --> 00:29:54,748
and we had this candle close
below the candles here to the
444
00:29:54,748 --> 00:29:59,028
left hand side you know this
could have been a nice idea to
445
00:29:59,028 --> 00:30:02,588
take a trade but if you notice
the next candle next candle
446
00:30:02,588 --> 00:30:05,788
just wicked all the way down
filled the wick and then
447
00:30:05,788 --> 00:30:11,188
continued moving up right so if
that trade was missed now we
448
00:30:11,188 --> 00:30:14,388
don't know when to take a trade
now we're just we're just
449
00:30:14,388 --> 00:30:18,928
waiting you know now it's just
pretty hard to take a trade
450
00:30:18,928 --> 00:30:21,968
because you know now we're
starting to go up we're coming
451
00:30:21,968 --> 00:30:27,488
into this resistance area now
so let's let's assume we missed
452
00:30:27,488 --> 00:30:34,268
that trade and now if we are
creating a support over here
453
00:30:34,268 --> 00:30:38,588
What's going to be the
probability? Now since price is
454
00:30:38,588 --> 00:30:44,288
let me just remove this here.
So since we are creating a
455
00:30:44,288 --> 00:30:49,688
support down here, what's the
probability for price to
456
00:30:49,688 --> 00:30:52,848
continue to go up?
457
00:30:54,968 --> 00:30:59,988
It's high. Someone said she's
going up 100percent. Perfect.
458
00:30:59,988 --> 00:31:03,348
So, if price is going to go up,
right? If price is going to go
459
00:31:03,348 --> 00:31:07,748
bullish, we need to see clean
candles, right? So, we see that
460
00:31:07,748 --> 00:31:11,308
okay, we're closing above this
minor resistance, right? And
461
00:31:11,308 --> 00:31:15,028
there's a high chance for price
to come up to this area and to
462
00:31:15,028 --> 00:31:18,028
potentially fill the gap,
right? So, if that's going to
463
00:31:18,028 --> 00:31:21,108
happen, where would our stop
loss be? So, everybody knows
464
00:31:21,108 --> 00:31:24,108
our stop is going to be below
this candle and then we're
465
00:31:24,108 --> 00:31:27,968
targeting an area going up
right over here. Even though if
466
00:31:27,968 --> 00:31:31,928
we're not taking the trade
we're anticipating price to go
467
00:31:31,928 --> 00:31:36,568
up. You know we're anticipating
that. So that's what we're
468
00:31:36,568 --> 00:31:41,908
going to do here. So let's just
Let's just start to see what
469
00:31:41,908 --> 00:31:44,668
happens next.
470
00:31:46,508 --> 00:31:51,848
Price goes up respects the
previous low makes a higher low
471
00:31:51,848 --> 00:31:56,088
and a higher high and the next
one continues up and it reaches
472
00:31:56,088 --> 00:32:00,048
reaches the gap area right it
reaches the gap area just
473
00:32:00,048 --> 00:32:04,568
perfectly so if you see this
was the gap price came up and
474
00:32:04,568 --> 00:32:09,848
rejected it now now let me ask
you this let me ask you this
475
00:32:09,848 --> 00:32:16,288
what's the probability that
price will break up or go down
476
00:32:16,288 --> 00:32:21,188
do you do we think that price
will yeah 5050 right because we
477
00:32:21,188 --> 00:32:25,548
don't know gaps happen at very
important zone so maybe that's
478
00:32:25,548 --> 00:32:28,308
a very important zone that's
where the gap happen you know
479
00:32:28,308 --> 00:32:31,148
so maybe the next candle is now
we don't know if it's going to
480
00:32:31,148 --> 00:32:36,428
reject it or it's going to
continue to go through it so
481
00:32:36,428 --> 00:32:38,788
this is where you have your
runners running you're securing
482
00:32:38,788 --> 00:32:42,508
profits you're you're doing all
sorts of those things right so
483
00:32:42,508 --> 00:32:47,308
next candle forms like this if
you were still in a trade right
484
00:32:47,308 --> 00:32:51,268
if you were still in a trade
would you close your buys at
485
00:32:51,268 --> 00:32:56,348
this point or you will leave
them open.
486
00:32:56,968 --> 00:33:01,708
Close the buys yeah perfect man
you guys are learning this is
487
00:33:01,708 --> 00:33:05,708
awesome you know close the buys
stop set break even whatever
488
00:33:05,708 --> 00:33:07,708
you want to do and then
eventually you know price start
489
00:33:07,708 --> 00:33:11,188
to come down and just start to
do its ranging things see how
490
00:33:11,188 --> 00:33:16,228
now it just start to range so
so this was the perfect move up
491
00:33:16,228 --> 00:33:20,228
going up because we had clean
candles here to the left so
492
00:33:20,228 --> 00:33:25,788
it's pretty good pretty good
nice feedback I like it
46387
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