Master Support & Resistance Levels (All You Need to Know)

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  • Опубліковано 31 гру 2024

КОМЕНТАРІ • 178

  • @RileyColeman
    @RileyColeman  3 місяці тому +11

    📙14 Page Candlestick Patterns Guide➡rileycolemantrading.com/
    📈Become a Confident Trader in Under 90 Days➡bit.ly/3OQedP3

  • @amankwatra878
    @amankwatra878 3 місяці тому +23

    You know a guy is legit when he trades one way and does not make new strategy videos every week just for the sake of content.

  • @ishmaelmakhubele7627
    @ishmaelmakhubele7627 3 місяці тому +9

    I've been watching so many different videos since on my trading journey but your videos are highly recommended

  • @32beckam
    @32beckam 3 місяці тому +16

    I'm starting to use your tactics as going through all of your videos. wish me luck to get positive outcomes... Will share the result by end of this month

    • @SYQYERSW
      @SYQYERSW 3 місяці тому

      good luck buddy

    • @metrics360
      @metrics360 2 місяці тому +2

      How is it going?

    • @_leonix_69
      @_leonix_69 2 місяці тому +1

      It’s been a month can you please share your outcomes

    • @32beckam
      @32beckam Місяць тому +1

      Sorry folks, had terrible month. Not in trades but had an accident, took bedrest for a month 😅... Seems i need to restart all again.

    • @_leonix_69
      @_leonix_69 Місяць тому +7

      @@32beckam it’s okay brother. Take care & get well soon.

  • @egidijusantanaitis2095
    @egidijusantanaitis2095 3 місяці тому +4

    awesome Riley !!! my trades got improved after seeing many of your tips trading at S&D 15min. levels..
    only more conservative way is : to take a second bullish wave ..
    all the Best for you Bro.😊😊

  • @hudson701
    @hudson701 3 місяці тому +4

    Enjoying your content so far. Here's a topic request for the next video- please can you show examples of losing trades and how they play out, and what your thinking was behind them? Showing winners all the time is ok, but need full picture for better understanding

  • @hereticsaint100
    @hereticsaint100 3 місяці тому +3

    S&R + candle stick analysis. Nice.

  • @jonlerner4793
    @jonlerner4793 Місяць тому +1

    riley, how do you find the stocks that you end up trading? thanks
    jon

  • @JulvsBefraid
    @JulvsBefraid 14 днів тому

    what are the currency pairs that you would recommend for this strategy? thanks a lot for this video!

  • @ruheluddin9384
    @ruheluddin9384 Місяць тому

    Awesome video, thank you 🙏

  • @blingng1
    @blingng1 Місяць тому +1

    Hi Riley, thank you for the awesome video. May I know when identifying support and resistance zone, which time frame of chart should we look at? 1m? 5m? Or longer time frame?

  • @ricardorestrepocastano1606
    @ricardorestrepocastano1606 Місяць тому +1

    Riley, thank you for sharing your knowledge.
    I have a question: how do you turn $100 into $800 trading the S&P? You talked about contracts. Are you scalping option contracts?
    Thank you

    • @ipbaker85
      @ipbaker85 28 днів тому

      He's trading futures, not options. google the difference for a better understanding of what he's doing.

  • @remickn
    @remickn 3 місяці тому +5

    Good video, thanks Riley. I am trading manly off daily and weekly for a longer swings though. Stocks I am usually watching do hit the exact price of a previous support/resistance, very often slightly undercutting and than re-testing it. So, much easier for me to find a buying/sellong point without going into wider range and then possibly add to the core (if retested). But the concept is good. I believe that regardless of the time frame and product traded, its nearly never “clean” for most names. One way or the other, so many other factors need to be taken into account too. Great channel, man!

    • @Mrtim19995
      @Mrtim19995 3 місяці тому +1

      so if im getting levels from 1hr timeframes what lower timeframes should i be looking at to execute from? this is what always confuse me because if i look at 2 min or 1 min timeframe can i get faked out easily? what should my RR be to execute from 1hr timeframe? please help

    • @alanh.otterii4872
      @alanh.otterii4872 3 місяці тому +1

      He's a day trader.

    • @remickn
      @remickn 3 місяці тому

      @@alanh.otterii4872I know, but it doesnt matter. The concept can be applied to any time frame. SKX Sept 10 first entry long on 5 min just below $64, re-test on Sept 11th, added more. Eyed it off daily, bounced right of the trendline I had on. All the best!

    • @remickn
      @remickn 3 місяці тому

      @@Mrtim19995I would look in 5/2 min, but thats me. I dont trade off hourly, usually use it only as a point of reference to gain stronger conviction for the play.

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      @@Mrtim19995 1:2 or 1:3 RR is good to begin. Riles has vid on this. Draw your S/R levels from Daily or H4 chart. Then trade maybe from those levels on 5 min chart using concepts explained in vid. Practice it on a demo account for 3 months. Not real money until you get consistent and understand.

  • @MILLIONTRADER-eb1km
    @MILLIONTRADER-eb1km 2 місяці тому

    Very nice, thank you. What's your win rate with this strategy ? Do you have a video about all the reverse patterns?

  • @Kwasi_Billz
    @Kwasi_Billz 3 місяці тому +2

    Can you do video support and resistance on 1 hour chart frame and entry on 30min chart frame ?

  • @mane145mn
    @mane145mn 3 місяці тому +1

    Hi , i am starting to apply your tactics in paper trading yet my orders are never filled in the prices i want in either ways, can you explain how you put your orders and which order typenyou use ? Thanks

  • @InKoreaExpat
    @InKoreaExpat 3 місяці тому +2

    very smart trading, I've learned a lot from your vids, thanks man

    • @21jersh
      @21jersh 2 місяці тому

      he ripped off a lot of people's tutorials and posted them as his own initially

  • @india9nine496
    @india9nine496 18 днів тому

    Riley how did u know in this trade not to enter when the trend line broke initially? U wajted for it to hit the zone a 2nd time, how did u not enter once it crossed the line?

  • @daredevils932
    @daredevils932 Місяць тому

    Great explanation. i have ever seen.

  • @antonyc09
    @antonyc09 3 місяці тому +83

    In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Loraine Souvenir's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

    • @MiguePeres-dg1ro
      @MiguePeres-dg1ro 3 місяці тому

      The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

    • @humblePaul5432
      @humblePaul5432 3 місяці тому

      Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.

    • @NormanWells-d8g
      @NormanWells-d8g 3 місяці тому

      I'm so impressed knowing how much people talk good about her expertise. Over the years, l've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Loraine's insights. It's akin to finding a diamond in a coal mine.

    • @vincentgudeman
      @vincentgudeman 3 місяці тому

      Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....

    • @lucasdominguezsuarez
      @lucasdominguezsuarez 3 місяці тому

      Loraine is a highly knowledgeable and level-headed signal provider, delivering solutions above expectations.

  • @ThePower_Star
    @ThePower_Star 11 днів тому

    hi mate What time frame do you use? can you share it with me please?

  • @AlejandroMoreno-ez8st
    @AlejandroMoreno-ez8st 24 дні тому +1

    This is the best strategy in the market. Trading on big resistance or support points. Doesn’t get better than that

  • @JanetBetty615
    @JanetBetty615 Місяць тому +25

    I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?

    • @parisgavrielides155
      @parisgavrielides155 Місяць тому +2

      I've been trading by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

    • @EvelynMike-bv2yz
      @EvelynMike-bv2yz Місяць тому +3

      I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance from my personal financial advisor < Elizabeth Rose>

    • @LovethJeniffer-bj8tl
      @LovethJeniffer-bj8tl Місяць тому +2

      YES!!! That's exactly her name Elizabeth Rose so many people have recommended highly about her and am just starting with her from Brisbane Australia🇭🇲

    • @williamsbuana3726
      @williamsbuana3726 Місяць тому +1

      Legend says "If you don't find a way to make money while you sleep, you are fated to die working" and it turned out to be true.

    • @JayGresham
      @JayGresham Місяць тому

      This sounds so good and I would like to be a party to this, is there any way I can speak with her?

  • @liamtwine2267
    @liamtwine2267 2 місяці тому +1

    What Timeframe do you use to set your zones?

  • @ricardorestrepocastano1606
    @ricardorestrepocastano1606 28 днів тому

    Thank you.

  • @Mrtim19995
    @Mrtim19995 3 місяці тому +5

    okay so what if i get my levels from 1hr timeframe should i get my entries from 5 min tineframes or what you think?

    • @armonlexmark6291
      @armonlexmark6291 2 місяці тому +2

      Just use different color lines. Draw your levels in Red on 1hr chart, then draw your levels in green on the 15 minute chart

  • @czm2000
    @czm2000 3 місяці тому +2

    Holy cow, a more recent chart! Thanks!

  • @RafałRat
    @RafałRat 17 днів тому

    what platform do you use for trading ?

  • @Jen-jg9kb
    @Jen-jg9kb 3 місяці тому +6

    Based on your previous videos, I believe you would have entered earlier in the trend, when there was a large green candle after it broke the trend, came back down and then went up. That would have stopped you out for a loss. I just don’t see the consistency based on what you are saying.

    • @india9nine496
      @india9nine496 18 днів тому

      Great comment, exactly what i thought. How did he resist not entering earlier once trend was broken. U are 100% correct, he didnt explain this at all?

    • @patschauzze118
      @patschauzze118 18 днів тому

      It broke the trend but did Not get close enough or to the Support?
      Could have just gone into consolidation and then continue on to the downside?
      I know nothing 😅I am more asking and trying to learn

  • @yasserabdelkader6134
    @yasserabdelkader6134 3 місяці тому +2

    Yes retest is the best

  • @adekunleadegorusi3277
    @adekunleadegorusi3277 2 місяці тому +1

    Hi. What instrument do you trade? Futures or options?

  • @ThanhNguyen-oy4iv
    @ThanhNguyen-oy4iv Місяць тому

    i have watched a bunch of you vided but im still not clearly on when to get in or a perfect entry man , at 17:33 , i would put a order above that huge green candlesticks because it did come to the SP zone , then got rejected and turn around back , but if i enter it , i could have fail immediately 10 minutes later , and why did you want until it came back again and made a new huge green than u enter ? can u explain that , and sometimes like my trading right now here , if i enter late on the huge green candlestick , i would have missed it

  • @rickjarski2775
    @rickjarski2775 3 місяці тому +1

    Hey Riley, can you please tell me how your strategic approach if you were trading 0 DTE on the $SPY. I haven’t embraced Futures yet perhaps one day. Maybe a video if possible.
    Thanks

  • @davidibiyemi1308
    @davidibiyemi1308 3 місяці тому +1

    Thanks Sir

  • @protapG
    @protapG 2 місяці тому +1

    Happy teachers day

  • @RastaKing002
    @RastaKing002 3 місяці тому +2

    Any good paper trading platform you can recommend?
    Thanks you

    • @metrics360
      @metrics360 2 місяці тому

      FTMO

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      OANDA is good company for many years. Free. There are a few others.

  • @mashiaseaba7466
    @mashiaseaba7466 3 місяці тому

    On which time frame do you draw your trendline as one of your confluence?

  • @Darshan-Cryp
    @Darshan-Cryp 2 місяці тому

    Thanks

  • @newsforus9254
    @newsforus9254 2 місяці тому +1

    Do you not account for news of the day, volume & level 2?

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      Yes! Especially if trading lower TF's. Crazy Spikes can stop you out

  • @SimonKaholo-pw6rs
    @SimonKaholo-pw6rs 2 місяці тому

    Do you provide signals

  • @jacksun_90
    @jacksun_90 3 місяці тому +1

    hey Riley, just wondering why is it that you don't use prop firms? They seem like a no brainer

    • @CandiRayne16
      @CandiRayne16 Місяць тому +2

      He does use them actually. Check the description on his videos, there is a link to get funded

    • @jacksun_90
      @jacksun_90 Місяць тому +2

      @CandiRayne16 Ah never noticed it. Just got funded the other day though

  • @nalexpubgmobile9421
    @nalexpubgmobile9421 2 місяці тому

    which time frame the best

  • @allfunctionnostyle
    @allfunctionnostyle 3 місяці тому +3

    What's number five on the checklist?

    • @CA2APat
      @CA2APat 2 місяці тому

      @allfunctionnostyle -- at 16:36 strong reversal candlestick

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      Some Bud

  • @GoNatural1999
    @GoNatural1999 3 місяці тому +1

    awesome thanks

  • @rombusworkmoney22
    @rombusworkmoney22 3 місяці тому +2

    You seem to be under influence :)

    • @JePe-on4ff
      @JePe-on4ff 3 місяці тому +1

      😂

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      a little bud can be good after a hard days editing vids.

  • @britney7034
    @britney7034 3 місяці тому

    Great video! Amazing breakdown! Thank you! What broker do you use? Is this Ninja trader? If so, the platform breakdown on how to use and place stop orders would be helpful.
    Do you ever swing trade futures? If so, what is the leverage, how much money do you need in your account and are there any fees for holding it overnight?

  • @MuratAbiReal
    @MuratAbiReal 3 місяці тому +3

    Thx.Would you add a Turkish translation❤

  • @Goodvboy
    @Goodvboy 3 місяці тому +2

    Riley just wanna know , how much money do u use in a single trade

    • @andrewgotlost
      @andrewgotlost 3 місяці тому +4

      If you want to base your risk off his, you shouldnt. You should trade amounts you are comfortable with, or a specific % of your account.

    • @czm2000
      @czm2000 3 місяці тому

      @@andrewgotlost 100% That's the overall better point. It shouldn't matter what his trading amount is. It's all relative. I guess I was hoping this person through going through his videos to try to discover this information might learn that :-)

    • @Goodvboy
      @Goodvboy 3 місяці тому

      @@andrewgotlost yess u r right

    • @catladytrucker7608
      @catladytrucker7608 3 місяці тому

      $600

    • @czm2000
      @czm2000 3 місяці тому

      ​@@catladytrucker7608 That is not accurate. Whatch his other videos for the correct answer.

  • @ahmedmosadalameldin3135
    @ahmedmosadalameldin3135 3 місяці тому +14

    Explaining things is easy, executing them is hard. Great video overall, but I wish you’d release your MT5 records and show if you are consistently profitable or not so we’d have much more faith and trust in the content, and you’d gain so much authenticity.

    • @user_abcxyzz
      @user_abcxyzz 3 місяці тому +1

      Exciting them is hard? What does that even mean bro

    • @Bonehead777
      @Bonehead777 3 місяці тому +4

      Think he meant executing them. Execution is def much harder in real life than most of these videos show. Personally I think Riley is pretty legit, short of showing us a time period of his trades, the info gels with some of my own personal experience.

    • @ahmedmosadalameldin3135
      @ahmedmosadalameldin3135 3 місяці тому

      @@user_abcxyzz @bonehead777 Yeah I meant “executing”, was just a typo.

    • @remickn
      @remickn 3 місяці тому +1

      What are you Canada Revenue? Man, scroll to the next video if you are lacking authenticity in your life and need proof. Unless you are a bot, lol

    • @ahmedmosadalameldin3135
      @ahmedmosadalameldin3135 3 місяці тому +1

      @@remickn I am a bot that consistently sleeps with your mama ❤️🥺

  • @salimdiga7441
    @salimdiga7441 2 місяці тому +125

    Glory!!! After so much struggles I now own a new house with an influx of $155,000.00 every month God has kept to his words, my family is happy again everything is finally falling into place. God bless America.

    • @salimdiga7441
      @salimdiga7441 2 місяці тому +1

      Thanks to my co-worker whom God used to give a great opportunity of crossing paths with 'Mrs Alice Louis '

    • @salimdiga7441
      @salimdiga7441 2 місяці тому

      She's a licensed broker here in the states and finance advisor.

    • @minigamers6330
      @minigamers6330 2 місяці тому +1

      Wow! I'm kind of in shock that you mentioned the expert, Alice Louis. What a coincidence!!

    • @nurialorenteparty1102
      @nurialorenteparty1102 2 місяці тому

      Sounds familiar. I have heard her name on several occasions and read about her success stories in The Wall Street Journal!

    • @gaiapescosolido5133
      @gaiapescosolido5133 2 місяці тому

      So nice to see Alice Louis talked about here, her good works are speaking already and like widefire, she's spreading.

  • @zenzenthaiamulethobby7109
    @zenzenthaiamulethobby7109 3 місяці тому +1

    10 minute would be the sweet spot.

  • @noxlousxsolo9724
    @noxlousxsolo9724 3 місяці тому +2

    Why do you keep mkaing the exact same video but with a different title? I get excited seeing a new video hoping to learn something new but its just the same video.

    • @armonlexmark6291
      @armonlexmark6291 2 місяці тому +1

      I was just saying that to myself but it makes sense. You need to see his strategy over and over and over so you can get used to seeing it when you go live. You don't really need nothing else but his strategy and time of trade. His charts are clean too not a whole bunch of lines everywhere

    • @urteg.3584
      @urteg.3584 2 місяці тому +1

      The market is also the same if you watching them 😂

  • @70andbeyond
    @70andbeyond 2 місяці тому +1

    Your strategy is the best. Anyone who follows it will always be profitable. I am in and will share my results in one month
    . Today is 10/26/2024 see you on 11/26/2024

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      How's it going bruh. Looking 4ward to ur update on the 26th Nov.

    • @iSwearToCod
      @iSwearToCod Місяць тому +1

      does anyone ever stick to these? how on earth would you remember? "oh yeah that youtube comment i left on the 26th of last month, let me come back to the youtube video to update my progress"

    • @70andbeyond
      @70andbeyond Місяць тому

      @iSwearToCod I remember that. But unfortunately I failed miserably. I blew my $1000 account. I've realized that people who post videos on UA-cam are not telling everything. Just imagine, they spent 5 to 7 years leaning a strategy. Do you think they will just share their secret on UA-cam for free ? There is something they always hide and that thing is the key to winning through that strategy. So no, I did not win using his strategy. But I failed and now I am learning my own strategy. And I hope everyone should.

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      @@iSwearToCod post it notes?

  • @TradingNQFutures
    @TradingNQFutures 3 місяці тому +1

    🚫

  • @brandonoldridge4962
    @brandonoldridge4962 3 місяці тому +1

    Taylor Jessica Taylor Anna Martinez Patricia

  • @AndreDouglas-x7q
    @AndreDouglas-x7q 17 днів тому +3

    Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $19,000 every single week...

  • @flofi4397
    @flofi4397 2 місяці тому

    Try this with gold. You will be poor tomorrow. Actually none of my forex pairs looks so even

  • @JC-hd2tt
    @JC-hd2tt 3 місяці тому +1

    So just about anyone can make videos with nonsense on trading and get 25k+ views? 🤣

  • @SecoweGaming
    @SecoweGaming 3 місяці тому +1

    you dont know how to trade lol

    • @dark_hq0
      @dark_hq0 3 місяці тому +1

      So please explain how to trade?😢 How much profit have you made so far? Share your experience and results.

    • @TheBlueskyson
      @TheBlueskyson Місяць тому

      SG. Dude has insights. Easy to take pot shots from the sidelines bruh.

  • @TheBlueskyson
    @TheBlueskyson Місяць тому

    Good info man. He traded this live. Brother has the knowledge. Good job with SL under pullback area as yo trail higher. ty

  • @Sam_Trades-x3u
    @Sam_Trades-x3u 2 місяці тому +1

    Please who trades this strategy let’s connect together 🙏 and share setups thanks
    Just reply if your interested