The Only Day Trading Strategy I Would Use If I Could Start Over...
Вставка
- Опубліковано 12 чер 2024
- vv
TTC Forex University - www.thetradingchannel.com/500off
I am looking for 500 new or struggling traders to mentor and help accomplish their trading goals throughout this year. If you want to learn more, go here - www.thetradingchannel.com/500off
If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net
FREE FULL FOREX BEGINNER COURSE -
Pro Trader Report - protraderreport.com/ptr
Free Spreadsheet - FREE course 3 - Part Reversal Series - goo.gl/QKaxzV
vv
Day trading is nearly impossible without a money-making strategy that you can stay consistent with. That is why you must have a rules-based and profitable day trading strategy in order to become a be successful at day trading. And, that is why I decided to make this video sharing my favorite and what I consider to be the best day trading strategy I have found in my 10-year trading career. Enjoy!
If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net
-----------------------------------
Full Strategy Videos -
Double Top/Bottom Entry Video - • The ONLY Way To PROFIT...
5 - Wick Rejection Entry Video - • This STRATEGY Is Like ...
CONNECT WITH STEVEN ON SOCIAL MEDIA:
Instagram: / thetradingchannel
/ stevenkiethhart
-------------------------------------
CLICK HERE TO SUBSCRIBE TO STEVEN'S UA-cam CHANNEL NOW:
/ @thetradingchannel
-------------------------------------
Enjoyed this video? Check out more videos about predictive analysis:
The #1 Trend Trading Technique Of All Time:
• His #1 Trend Trading S...
The ULTIMATE Beginners Guide To Reading a Candlestick Chart:
• Candlestick charts: Th...
over 2.4 million views...
How To Identify Powerful Support/Resistance:
• How To Identify Powerf...
Over 839,000 views
The ULTIMATE Beginner's Guide to Price Action Trading:
• Ultimate Beginners Gui...
Predictive Analysis 101 For Beginners:
• Forex: Predictive Anal...
Using Structure to Defeat the Markets:
• Using STRUCTURE To DEF...
Learn to Master Technical Analysis/ Price Action Trading:
• LEARN TO - Master Tech...
Top 2 Best Currency Trading Indicators:
• Forex: Top 2 Best Indi...
*****
In this video, Steven shares what currency pairs you should focus on if you are a beginner in Forex Trading.
-----------------------------------
BIO
Steven Hart -
Steven was recognized as a top 15 Trading educator on UA-cam by the very critical feedspot.com.
Link - blog.feedspot.com/trading_you...
He became a self-made professional trader at 20 years old. Today he is the "Honest Trading Coach" to hundreds of thousands of traders around the world.
He is the founder and CEO of The Trading Channel.
For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.
He has developed numerous rules-based trading systems and strategies that are used by top traders around the world.
Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them?
----------------
JOIN US IN OUR LATEST FREE TRAINING:
Link - thetradingchannel.org/optin
-----------------------------------
OTHER LINKS:
Intro music provided by - / thisisth. .
Song link - www.youtube.com/watch?v=2Ax_E...
Outro music provided by - TULE - Fearless pt.II (feat. Chris Linton) [NCS Release]
Song link - • Lost Sky - Fearless pt...
#supportandresistance#fx#forex
Video Summary: (Thank Me Later)
- The strategy involves using two different time frames: a higher time frame to identify the trend and a shorter time frame for trade entries.
- The first step is to determine the direction of the trend by observing if prices are consistently making higher highs and higher lows above the 50 EMA.
- Once the uptrend is confirmed, the trader looks for a specific zone to enter trades, which is the previous level of resistance that is likely to become support.
- On the shorter time frame, specific chart patterns like double bottoms or head and shoulders patterns are identified for trade entries.
- The entry is triggered by a breakout above the neckline of the identified chart patterns.
- Risk management is crucial, and beginners or struggling traders should avoid risking a significant portion of their account on each trade.
- Backtesting the strategy is recommended to gain confidence and determine its profitability over a large sample size of trades.
- Developing a strong trading mindset is essential to handle losses and drawdowns effectively.
Thank you brother
You are awesome. Appreciate it.
Thx
Awesome summary . Thank you
Thank you
What I love is that you remind us that loss is also a probability, unlike others who are showing that win is guaranteed.
Yep, you're absolutely right. It's crucial to know how to take losses and stay level-headed ✌
The loss here you have shown is a great example of the late Mark Douglas's "probabalistic mindset" and that "every trade has a random outcome" -- leading to "you don't have to know what's going to happen next in order to be successful." This is a great example and strategy to follow, while for me I use pullbacks to the recent support/resistance on futures, the patterns repeat themselves in the same way. It's definitely the "only" strategy I would use if I had to choose one.
Do you ever think it's funny how they tell you before you know anything, that trading on patterns will lose you money but it turns out the opposite is true? It's almost like they want to keep us broke and in debt-slavery
I love this channel! if you're reading this just know this guy keeps things simple. I hope trading works for you!
This is the 1st channel youtube suggested for me when i began my journey of trading.
Im glad to shout out that this is my 1st mentor. 😊
Stavo the best mentor,I encourage every beginner like my self to have one or two videos of your choice and watch them as many times as possible. Trust me you'll be learn something new every time you repeat
Always very well explained, thank you!
I appreciate the honesty, the first time ever a youtube make a strategy and admits it is not always going to work.
I have downloaded
Almost every video on this channel
It’s been helpful re-watching them at me leisure time. If only I could subscribe a 100 times to this channel I would, thanks for all the content.
You're a brilliant teacher for beginners bud, thanks for posting such an accessible, ]argon free video!!
As usual, a great video, Steven. Thanks a lot!
I love all of your content. Recently I’ve just been focusing on the 4H TF due to being busy with my normal job. I think this will work too given you are using the 4H as the anchor chart. Love this - Thank you 😊
Affirmative.
Here's a question: Do you have knowledge of any AI for trading?
I too but I think monitoring the 15-min TF for possible entry might pose a challenge. How did it go for you? Was it convenient?
I'm considering using this strategy on a 8-hour and 4-hour TF.
Thank you so much for giving newbies a reality of trading bcz most of them just think that , we will never loose if we know trading.
yesir. I love how simple he keeps trading too! Gives me more confidence! And yes absolutely losing will happen. Cheers man!
Hey Steven just wanted to let you know I've been testing your strategies with paper trades on mt5 and trading view and can say I'm happy with the results. Love you work and guidance keep up the great work mate!
Get a funded account
btw, do u have any idea how did he determine the area of support at 4:45?
@@asliceofcheese9989it’s the swing high that was resistance and then became support after it was breached
How many of the trades did you lose? And can you explain please why you weren’t satisfied? Thanks
@@tugbabekdasi have been testing stevens strategies and today i had 10 profitable trades. All his strategies are doing great.
Hey Steven...Thanks for giving an amazing info without any greed. I always follow your strategy and doing back testing with your strategy. I am new in the trading world. Just wnated to ask how to select the stock which fulfills your condition. Is there any specific screener is there to filter such stocks which fulfills your condition? 😊
This is truly gold. Thank you man
I have learned a lot from your presentations. its the only presentations that makes sense to me and that has caused me to starting to be a profitable trader
I loved the way steven is honest n he also shows other side as well tht can loose a trade also despite being all rules set..a very honest video
Really nice work !! Thanks for all !!
what happens if it breaks through the whole box? is that when theres break of structure and and change of course? then you need to flip the rules to the bearish version?
Awesome yet again mate, the way you explain this is easy to understand. I also highly recommend the TTC full course to anyone its well worth it, i am really enjoying going through it, cheers mate.
Perfect explication ❤❤
As always this is My favorite trading channel very informative and helpdul....
Hands down the best trading teacher on UA-cam
love this channel. awesome explanation
I can say trading has taught me to have a lot of patience because in this vedio you just play the market like a vedio but on real time you wait patiently for the high time frames
Best video I've watched so far...you're the best
Thanks for the video this is super valuable!
Still going strong bro, you got me into trading and now I have my own strategy and mentorship, God bless and thank you
Ten months ago, I was a newbie clueless about trading. I didn't know what a pip is, didn't know the meaning of bullish and bearish, didn't know about wicks and I was confused what those candles really meant.
TTC taught me from grass and I've accumulated so much knowledge. Currently I'm still backtesting but will soon start trading once i make a year of learning. I prefer swing trading as a beginner because I managed to make profits from it. You analyse the market then take a position for two to three weeks or more depending on the market. It maximises profits.
The trading channel is king 👑
The trading Geek, The secret mindset, Rayner Teo, The moving average also helped me in learning .
Those are my 3 mentor
Bro you don’t understand how much Iv learn off your videos!! I will be a full time day trader
How’s it gone since this comment?
Love your videos man!!
you can also look for curved bottom ,cupand handle and falling wedges for buys, they also have good results
Awesome content as always brother. Thank you 🙏
Great video as per Steve, usually what size should the zones be that you draw?
Steven is the best.Thanks for this great content.
I from Ukraine. Know about forex 10+ years. Last year trade every day. Thank you!
This strategy worked 💯 on my first trade I took with. You are a real guru in the game ❤
Hello Steven. Excellent videos...thank you. Do you ever use VWAP when day trading? Thank you. Jim H.
Thank you Bro, Most Grateful, from Capetown South Africa
This is the truth. Thank you sir. Everyone wants to show the wins. A loss is inevitable. Banger video
thanks Mr for this update. I was doubtful about this .. now I'm confident with my analyses
👍👍👍❤
Thanks Steven you have been of help to me althrough
great video!well thank you, very helpful for beginners like me who are just entering the world of forex, and are now learning in the nfc community.
Thanks sir you are an amazing teacher
Thanks you!! You are a good teacher
Thank you. Great
greetings thank you for the teaching...
Wow! Thanks for the explanation 👍
Nice video. What is the success rate for the 2:1 using this symbol?
Wow! So helpful! Thank you!!!
I think what's really getting me is I'm unsure what kind of trader I am. I think I'd be best suited to stay with the trend and hold trades longer but I find myself (as a beginner still) trying to buy here, and sell the pull back and then switch back to buying.... I think my first vision of forex trading haa been clouded thinking I need to only hold trades for a few hrs.. I think as a beginner, holding trades longer is key to profits.
facts espcially on high growth dividend paying stocks. Im just buying and holding while I learn all this stuff. I just started end of April. Ive been taking losses with a few beginers luck winning trades. But hes right on certain trades I dont want to hold I need to use my stop losses especially if there is no dividend that month to lower the hit.
depends on what timeframe you're trading. If you're swing trading a 60 minute chart, you should be holding for more than 2-3 bars anyway. Don't try to hold for hours while trading a 5 minute chart. you're right that scalping isn't recommended for beginners since you need to take more trades and see more setups. bare in mind swing trades will usually lose more than they win though, that's kind of a trade off
You showed me how to create a money from simple work... ty for it
Ty so much I really love the video and I learnt allot from it ❤
Nice to see a trader that doesn't show only winning trade Bravo.......
Great video 👍🏽
This is the first time I've seen this video. I'm consistently profitable and I use a similar strategy, only difference is that I enter on a candle stick reversal pattern like bullish/bearish engulfing. All strategies have losing trades however the most important thing for every trader who's looking for consistency is to be consistent in the approach as well. Like their risk management. A consistent trader is someone who consistently Implement their trading plan, no deviations whatsoever, complete discipline in their approach which most traders struggle with as well. The only way you can find out if a strategy truly works for you is to implementam it for the next 50 - 100 trades. The rule of thumb is to implement it for the next 100 trades and I prefer that too. It gives you a good sample size. Thanks for sharing Steven.
i love your content it has helped me understand the market way better. im from South Africa and trading in my country only just got popular recently and your channel has put me ahead . also as i was trying to sign up for your course i realised that your website is not that presentable and i am besides a day trader (beginner) im also a website designer and i'll love to work on it for any amount that i will reinvest into my account and furthermore my trading career . thank you i hope you see this
Thanks finally 🙏
Amazing steve❤,,been watching your videos for a while and I can confidently confirm that your indeed the best 👌 superb steeve👏
Really respect the fact that he put a trade that didnt work out with the strategy
You are doing great👍 GOD bless you
Heeeeeey man I'm the first watch you
thanks 😁😁😁
Even though I'm not a professional trader yet but your video had though me a lot about trading and i can't thank you enough
very helpful thank you steven
I appreciate your effort in creating this video, it was interesting.
Lol what does that mean?
excellent advise , Risk management
Thank Steven for this informative video..
Thanks for the video, my question is that if the zone get broken can we still looking for setup at the base or not?
love the video, keep them coming pls😊😊😊
I turned the bell notifications on!
Im trying to get into trading i have 0 knowledge ,but after your explanation im getting to understand the concept
very usefull and really nice lesson at the end:))
Thanks Steve
you are amazing man .
I’ve been so much better at trading since I’ve been following you
Gratz bro
Thanks for the sharing
Great video. Thanks!
Very understanding and logic
Awesome helpful video brother
Narrative lesson thanks
Fantastic video and strategy. Thank u Stephen
Am very good in trade because of you thank you❤❤ but am still back testing❤😊
You are just genius of traders iam a big fan of you
Great stuff man. Simple S/R, during trending markets.
Yeah the simple works bro
what a video!!! Thanks a lot for video!!
Thank ya G this strategy has helped me a lot
You are really amazing. Thank you for what you are doing bro😊
Just the best trader ever. Watch and learn his tricks...
This is one of the easiest strategy out there. Thanks for showing the strategy can also give loss in the market.
For me i av realised that what matter most is the zone marked out. No matter what PA is saying a marked zone according to the trend is going to be profitable or not. You can now use PA that align with the trend to scale up the entry with proper risk management!
is that strategy that he just showed called : Support and Resistance or what is the Name of this strategy? Im confused
Thanks bro for this awesome video topdown analysis
You've just made my thanks
Loved the video
Glad someone shows the losses as well, great video
Your videos are amazing bro keep it up !
Your strategy it's amazing and I'm profitable now thanks to you man
Nice video man
Thank you Steve, a retest to the neckline is a safer method and you get better corrections for an entry
Yeah, it's safer but it increases your stop loss margin (amount of pips for the SL)
Stop trading this bullshit strategy i learn about SMC forex
Thanks Steve❤
Thank you ❤💯🙏
Hey Steven, please let us now by which rules you adapt your original target, let's say above the initial 2:1 reward/risk ratio
I usually trade on usdjpy as it happens to be my favourite pair and really easy to identify trends