Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:02,980 --> 00:00:11,900
In this video, we're going to take a look at a pattern called three U.S. soldiers and three black crows.
2
00:00:11,950 --> 00:00:16,360
Now, the reason they're called white soldiers and black crows goes back.
3
00:00:16,360 --> 00:00:22,150
It harkens back to the old black and white charts in modern trading.
4
00:00:22,150 --> 00:00:24,230
Most charts are red and green.
5
00:00:24,280 --> 00:00:32,830
So it would be, you know, something to the effect of, I guess you could say, three green soldiers,
6
00:00:33,550 --> 00:00:39,640
three red crows doesn't make as much sense from a visual standpoint, but that's basically what you're
7
00:00:39,640 --> 00:00:40,180
looking at.
8
00:00:40,210 --> 00:00:41,170
So really.
9
00:00:42,260 --> 00:00:47,570
This is the pattern, it's that simple now, the purest pattern.
10
00:00:49,000 --> 00:00:53,320
We'll have gaps lower and then they'll rally a gap lower and then they'll rally.
11
00:00:53,350 --> 00:01:03,220
Now, this is an extraordinarily difficult pattern to achieve in most markets, with perhaps the exception
12
00:01:03,220 --> 00:01:04,350
being the stock market.
13
00:01:04,360 --> 00:01:07,390
So we actually use a variation of this.
14
00:01:08,350 --> 00:01:13,930
All we ask is that you dig into the candlestick from the previous candlestick.
15
00:01:13,990 --> 00:01:23,980
So, for example, you get a white candlestick and or a green candlestick and then maybe you continue
16
00:01:23,980 --> 00:01:25,210
to go higher, but.
17
00:01:27,130 --> 00:01:30,540
In the interim, you pull back into it, right?
18
00:01:32,360 --> 00:01:34,100
So maybe it looks something like that.
19
00:01:36,840 --> 00:01:40,270
And then the next one would be something like this.
20
00:01:41,190 --> 00:01:48,420
Now, this basically tells you the same thing, and what it tells you is that buyers are becoming aggressive.
21
00:01:49,420 --> 00:01:56,950
Three candles in a row, the three white soldiers pattern or three green soldiers, very bullish, suggesting
22
00:01:56,950 --> 00:01:59,610
that you're going to see a pretty big move higher.
23
00:02:00,250 --> 00:02:05,650
Typically what you'll do is you put your stop loss behind the middle candlestick and you'll buy on the
24
00:02:05,650 --> 00:02:06,130
top.
25
00:02:06,490 --> 00:02:08,470
Some people will put their stop all the way down.
26
00:02:08,470 --> 00:02:10,780
The bottom really kind of comes down to what you're comfortable with.
27
00:02:11,200 --> 00:02:16,270
But for the most part, if you're going to retrace that much of the move, you're going to have a losing
28
00:02:16,270 --> 00:02:16,540
trade.
29
00:02:16,540 --> 00:02:18,430
So you might as well save some of your cash.
30
00:02:18,430 --> 00:02:18,730
Right.
31
00:02:19,450 --> 00:02:25,780
So with the three Black Crows, as I'm sure you probably have already figured out, it is basically
32
00:02:25,780 --> 00:02:31,990
three black negative candlesticks traded the exact same way.
33
00:02:34,010 --> 00:02:41,840
You know, you're looking at a scenario where you really are starting to see momentum accelerate to
34
00:02:41,840 --> 00:02:42,570
the downside.
35
00:02:42,590 --> 00:02:43,730
So let's take a look at this.
36
00:02:43,730 --> 00:02:50,420
In the real world here in Bitcoin, the hourly chart, you can see that we rallied and then we pulled
37
00:02:50,420 --> 00:02:54,200
back and then we rallied for that hour.
38
00:02:54,260 --> 00:02:56,830
And then we pulled back into this hour and then rallied again.
39
00:02:57,620 --> 00:03:01,430
So once we broke the top of this, it showed extreme continuation.
40
00:03:01,910 --> 00:03:05,390
You could put your stop right there and you can see it just took off.
41
00:03:05,400 --> 00:03:07,270
I mean, it was a straight shot higher.
42
00:03:07,280 --> 00:03:14,150
So that's a three wait soldiers or three green soldiers set up.
43
00:03:15,650 --> 00:03:19,040
And in Litecoin, you get one, two, three.
44
00:03:21,360 --> 00:03:23,160
Candlesticks and roses are Black Crowes.
45
00:03:24,100 --> 00:03:30,190
You can break down below the bottom of the candlestick pattern and you can see, stop here, stop there
46
00:03:30,190 --> 00:03:31,080
doesn't really matter.
47
00:03:32,310 --> 00:03:34,640
It goes all the way down to the forty one dollars level.
48
00:03:34,710 --> 00:03:42,690
Now, again, this is a bit of a adjustment for day trading, but if you think about it, it makes perfect
49
00:03:42,690 --> 00:03:48,760
sense if you get expanding volume or expanding range three candlesticks in a row.
50
00:03:48,780 --> 00:03:50,250
Well, that means something.
51
00:03:50,460 --> 00:03:52,680
So that's how as a day trader, we use this pattern.
52
00:03:53,040 --> 00:03:59,820
You can see we had broken through support right here at forty five dollars, basically.
53
00:04:00,220 --> 00:04:01,550
So that was your first clue.
54
00:04:04,460 --> 00:04:08,150
You also could have traded with.
55
00:04:09,600 --> 00:04:11,790
You know, perhaps Bollinger bands.
56
00:04:14,810 --> 00:04:21,040
Because what you're going to see here is we had broken down that line and started to walk the line,
57
00:04:21,860 --> 00:04:24,590
so that's a very strong side to the downside.
58
00:04:25,790 --> 00:04:31,850
And you can see that the 20 Esmay simple moving average was right there, so you know that the 20 exponential
59
00:04:31,850 --> 00:04:34,290
is going to be probably just below it.
60
00:04:34,670 --> 00:04:39,980
So you were already underneath that to begin with, as you can see.
61
00:04:41,000 --> 00:04:42,200
When you zoom way out.
62
00:04:44,290 --> 00:04:46,390
There's an argument to be made for.
63
00:04:54,400 --> 00:05:00,430
This as well, which would be a major symmetrical triangle being broken down.
64
00:05:02,170 --> 00:05:10,300
And you did, in fact, get that move all the way down to here, so a lot of different factors setting
65
00:05:10,300 --> 00:05:15,490
up in this trade and with these trades, with the indicators your job is to when you see the pattern.
66
00:05:17,030 --> 00:05:21,670
Form support resistance, you need to find a couple of other reasons to get involved.
67
00:05:23,070 --> 00:05:28,290
This is why you should have your support resistance levels drawn on your chart to begin with and then
68
00:05:28,290 --> 00:05:34,350
the pattern and then the indicators, and then when you lay all that together, you have confluence,
69
00:05:34,350 --> 00:05:36,570
confluence leads to profits.
6888
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.