How To Trade Confirmation Entries With Multiple Timeframe Analysis | Supply And Demand
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- Опубліковано 27 чер 2024
- How To Trade Confirmation Entries With Multiple Timeframe Analysis | Supply And Demand
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Today I share with you my EXACt top-down trade setup using multiple timeframe analysis and confirmation entries while trading supply and demand. 1 Trade review showing you how to identify and draw supply and demand zones.
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Thanks for watching =)!
Cheers- Austin
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you made me a profitable trader just watching your demand and supply course..
you are really a good mentor and i am glad i came across your videos.. keep on doing what you doing God bless you man..
I learned so much from your videos……great stuff…not finished yet but so far awesomeness
Priceless teachings. Thanks Austin.
❤ love your teaching
I am not gonna lie, every successful trader that i saw trading supply and demand does not trade continuation setups. What you teach is what they preach. Thank you with this vid i have learnt alot
yeah, from what I've seen continuation patterns when entering have not performed well. That doesn't mean it cannot be done but from my testings and doing hundreds of 1on1 with traders reviewing 50x trades they have not performed as well as DBR/RBD patterns.
I love these videos! Please continue to make them! I would like to a more in depth explanation for strong vs weak zones
Thank you for this gem!❤️
thank you for watching!
So in the magic cove!
I trade futures but this helps alot. thanks
Same but the same concept applies =)
What do you use the journal your trades? I like the fact of taking a picture and making notes
made a video on this. ua-cam.com/video/DWPylzUZC9g/v-deo.html
In stocks, or videos talking about stocks , people always measure in PIPS.
I trade crypto, usually movements are measured in %. What counts as a strong imbalance? A 5% move? a 10% move?
Do you need to take in account the market size? Is a 5% move on BTC more "imbalanced" than for a smaller market cap coin or vise versa? Or do the % or pips not really matter and we just like big red bars ?Thumbs up for the vid!
not sure why people would measure stocks with "pips". pips is a currency term and not a stock term. couple be a simple mistake. stock traders will typically use the word "points".
Quality imbalances are based on a couple criteria but the main is the size of the base. Ideally, you want price moving at least 2:1 within 1-3 candles.
Hi Austin, how do you add your notes/labels to your screenshots when you are journaling?
For myself I just use the Text in TV drawings then use snapshots in windows and I copy and journal in Microsoft OneNote.
Also handwritten notes in addition to screenshots etc.
Amazing mate. What setting is the moving average you have there?
200 MA.
You are an amazing mentor. I have watched some of your videos since yesterday.
But I could not find a video in which you would talk about how to take an entry or confirm an entry when price come back to the zone or your entry is based on pending order such as buy stop/ sell stop?
in my opinion when price come back to the zone there should be a candle pattern( hammer stick/ up bar/ break of structure on the 1 min TF or something like that) to take an entry isn't it? because price can still continue to go in opposite even if the base has imbalance, BOS, trendline break etc
I have a couple videos on how we enter at our proximal line but yes, I agree , if the traders wants to wait for the pullback and then wait for a candlestcik confirmation either a hammer, engulfig or whatever then the trader should totally do that. keep in mind the trader will take less trades but might be higher quality. I'm sure I could figure out some stats on this but I would need to review all my traders to see if there was a candlestick confirmation candle.
@@MoneyballAustin Thanks man. I really appreciate 8 years of your trading experience. I am sure I still doesn't know many things even after 3 years but you have got it.
@@ForeignExchangeTrader sure, you'll become a better trader and understand things at a different level but you'll also learn that everything is BS and you just focus on yourselg and read through the noise.
If I wanted to trade the 1H timeframe, what are the best timeframes to mark up the supply & demand zones, and then how far back in time should I mark the zones up?
I would recommend using the 1min or 5 minutes as the ETF. plus I recommend not counter trend trading. This will force you to trade recently formed zones.
In the beginning of the video I identified multiple areas where several big imbalances happened. I could have easily drawn up 2-3 more zones + the 2 you used in tbe example. What made you choose the two zones you picked in the video? There was a massive imbalance around 111 that could've been marked up. I'm having a hard time understand when and why to mark some zones over others..
I agree but Im personally focused on the current zone and the next zone above or below. I clear my charts a lot so I don't draw out every zone above and below. Just the 2-3 zones near price.
@@MoneyballAustin thanks for clarifying. I often have too many zones and confuse myself. I'll test out prioritizing zones close to price and see how it works out for me
@@onlyreflex8661 just focus on the next 1-2 closest zones..
🎉
What do you consider as a pivot point?
that's a tough question to answer by writing in a comment section without writing a 500-word paragraph explaining it. ideally, we would like to see peaks and valleys with separation from one another. scroll out on a chart and that should help spot these areas. We are NOT looking for single candlesticks that make new highs or lows in price.
Hi Austin. Is your course still available to buy? =)
yes, you can join the program by going to www.moneyballtrading.com/course
Do u always trade with limit orders?
95% of my trade will be limit orders.
How many times, please, do you trade a week, Austin?
typically 8-15 a month. some people take more while others take less than myself.
@@MoneyballAustin Cool
all subjective
Can you do this strategy in a 1,5,15,30 minutes time frame and do an entry on a higher time frame?
yes but I would consider using the following timeframes:
4hr-15/5min
1hr-5/1min
30min-1min.
@@MoneyballAustinthank you so much ur the best
"Price broke upward ML" what is ML ?
momentum line or trend line. either name is fine.
@@MoneyballAustin cheers , as soon as I made enough money - looking forward to join your program. Unfortunately I'm from a developing country - so I will have to save up for many months to afford the program.
@@nls1809 no problem nl's, I'm here to help so if you have any questions don't hesitate to ask. I look forward to working with you.
bro when are you shaving?
Getting a haircut this next week =). Cheers my friend, have a great weekend/week.
@@MoneyballAustinyou look great just the way you are!
what do you mean by opposing pivot point zone exactly? It looks like you mentioned a swing low not a demand zone. Do you mean price has to go below that swing low for confirmation or does breaking the trend line suffice by itself?
correct, price needs to remove the whole swing area that created a HH/HL or LL/LH. Trend line must be broke by a whole open high low close candle and not just be breaking above or above the ML. It might be a bit hard to understand but it's mentioned in ever trade review and any video talking about "confirmation"