(JOIN CHANNEL) To Learn PRICE ACTION TRADING ua-cam.com/users/tradewithtrendjoin (WATCH ALL PARTS) SWING Trading ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html (CLICK Below) For all other videos ua-cam.com/users/tradewithtrendvideos
i cant name the institute name but all these things you teach here for free they serve in the name of nse certified and i paid 50000 for that and even after that your presentation is way better then them you are doing alot for free these guys dont have even any idea and i dont know why you even giving it for free you can easily sell all those course with just a tag nse certified ;) :p thanks to share your experties
Sir you are best teacher in market I ever seen.keep it up sir..lots of love... Keep sharing such knowledgeable videos 🎉🎉 One suggestion sir please also provide us with the PDF file of your presentation...so we could recall it by seeing those pdf... Otherwise it will be very difficult to retain all the strategies you shared...very sincere request sir ❤️🎉
Point explained at 15:50 minute is awesome. “Learn to think psychologically” a good point, I need to practice the way you mentioned. Good foresee right time right video. Thanks for your hard work.
Brilliant ,again a proper slow rendition..i am sure everyone will understand this well...thanks a lot..you are a selfless person..benefitting those who sit and work on this
Two more queries: Long scenario : 1. After the confirmation, suppose on 1st day of next week, I want to take entry. But if price already shoots up (much more above the close of second candle(reversal candle)), should I wait for the price retrace or enter partially? 2. What if on 1st day of next week price opens below the close of the second candle - should I wait for it to move above the close of the second candle ?
Hi Rushikesh Mandage Thanks for your comment. Please explain this on a chart. Will surely suggest a solution to you. Make sure you watch entire Swing Trading playlist. You will learn a lot. ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html
Brother, what I have seen in this strategy is mark out the high of the second handle (buying & low of second for shorting), come down to daily chart and 1 hour chart. In the 1 hour chart on the 1st day of the next week, look for the closure above (buying) and below (shorting), As soon as you get the confirmation, enter. In this way, your R:R is better. If you are looking for confirmation, you can either do a stop loss buy order above the high of the second candle and vice-versa. Just back test you should have the answer. Pull backs do give good R:R, and short selling in futures is better with this strategy as fear takes over greed. Let me know if you have any questions. Thanks.
Sir -thank you for explaining the concepts of outside bar lucid and in your style .request two contents from you one on inside bar and typical manner to scan for stocks from chart link or screener
Follow this Sequence On the Channel. Have already uploaded what you have requested. Trading Mindset ua-cam.com/play/PL9myHLrE5hrOabBkSB-qnhWkTRXNuYWX3.html Swing Trading ua-cam.com/video/9dbnXEEHgsc/v-deo.html Risk Management ua-cam.com/play/PL9myHLrE5hrOgq9VGFwAFKm58-fuD4Kbo.html Multiple Time Frame Analysis ua-cam.com/play/PL9myHLrE5hrN0RdqN5yQOamz9aeirGMbp.html Stock Selection Strategies ua-cam.com/play/PL9myHLrE5hrNrrUSnLLk7o9rrPqfoMCFW.html Intraday Concepts ua-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html Price Action At VWAP ua-cam.com/play/PL9myHLrE5hrOLP6NoA2z_0X-Z7pHIvR-J.html Price Action For Beginners ua-cam.com/play/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY.html VWAP Strategies ua-cam.com/play/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf.html
Great comprehensive explanation with many effective practical examples(also realistically stating failed instances - that we wud often face) .. you are undeniably a great teacher :) !!! - your voice also conveys a lot of intellect & wisdom too :)
@@TradeWithTrend Hi, Sorry I didn't catch your name. I'd like to cross check my understanding of this strategy with you. For instance I'm noticing the pattern in Adani ports now. Thanks
You've understood the pattern structure. But you need to focus on where this forms on chart. This should form at end of major down move. Odds would then increase for Trade.
Thank you very much for your priceless effort in putting this timely Ideas and your experience.. As you rightly said that this "Pattern will come in handy" in next few weeks..
Thank you for sharing this video. you have presented it with a good number of examples and the pattern is explained very well. agree to your point, that its a rare pattern but anytime it forms it does give a good return..!! thanks again!!
Hi Guys, In this Swing Trading Strategies part I focus on Trading Chart patterns in Stock market. Outside Bar Candlestick pattern is a variation of Bullish Engulfing pattern and Outside bar chart pattern. I have shown how to trade this pattern using Japanese Candlesticks. This strategy is suitable for Swing Trader who is willing to trade Stocks or Futures on price action only. I begin this video by explaining the basics of Outside Bar Candlestick patterns. I have focused on explaining the various variants of this pattern as each time it plays out slightly differently than before. I have focused more on how to identify the psychological shift on chart in order to trade this pattern successfully. I have taken up many case studies (past & present) and I have explained how one should approach trading once this pattern is formed. I was scheduled to release an Options video this week but looking at market conditions, decided to release a Market reversal strategy video. Let me know if you have any doubts. Tc & be safe.
Great sir... Your explanations are really very clear, do maintain it... 1 day the traders' world will realise how much helping hand you have ever been extending to trading & INVESTING community!!
One of the best swing trading series on youtube..that is too free of cost. Amazing. One query sir: stop loss should also be the weekly closing basis or we should exit as soon as SL hits? Also is there any harm in using this technique on a daily time frame?
Hi Rushikesh Mandage Thanks for your comment. Prefer SL on Daily time frame. Make sure you watch entire Swing Trading playlist. You will learn a lot. ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html
Awesome sir, though i new this strategie earlier i dint know these kind of details, and never traded this pattern. After seeing your video with examples and Conditions, i would definatley check this strategie hereafter.. thanks a lot sir..
Thank you Sir for the efforts you might be putting to make this videos. This outside bar chart pattern did form in last week of Jan 2018 in the downward side. But Dow again tested the highs of that week and now we can see this week's chart. It is very significant, as we might be staring at 2008 situation or worst. But 1 thing is sure the market is now sell on rally. What's your view Sir?
Thank you Pravin. 2018 Dow Candle's were not Outside Bar as second candle high was not greater than first candle high. But overall it was a variation of it. Let market rally first and then we will see. I'm working under no assumptions for now. Keeping open mind for both sides.
Congratulations, one of the greatest swign trade series on UA-cam I´ve ever seem. Extremely clear approach. Some one here uses MT5 as analysis system? I´m not finding how to add the Beta value index to the graph on MT5 and the MQL5 community is really not usefull at all as well. I appreciate in case someone know how to add beta value index on MT5.
I understand this should be traded mainly when we see Strong confirmation rather than weak, but charts are not always ideal. For eg: Deepak Nitrate on weekly is showing signing of weakness by engulfing the prior up move (looks like a reversal) - Want to know if my thought right? CNXPHARMA also is showing signing of reversal (not ideally strong) but looks like chances of reversal. Kindly let me know your thoughts.
@@TradeWithTrend Im sorry for these many questions, but looks like Nifty and Reliance are forming an outside bar pattern on weekly TF, would you consider this as a pullback(and run up again) or trend reversal(crack down further)? I'm seeing similar pattern on US indices as well. (All 3 major ones)
Sir, after a big candle which signals reversing the trend, then if we reconfirm the trend reversal by third candle in the row , we would reduce chances of error in reversal trend judgement in most cases.
when to take entry. on weekly chart or above 200emva supported by candlestick pattern . volatility in the market may give good return. but at the same time vise a versa. in todays scenario.
Hi, very good explanation, please tell me while using this strategy what is the stock selection criteria? as you have covered in swing trading series for stock selection criteria, can we use those for your other strategy like in part 6,7, and more, Thanks
Thanks so much Rob Yes you can use those as I well. I use Stock selection method to make a " swing trading watch list". Then I use the watch list to narrow down stocks based on strategy. Hope this helps.
@@TradeWithTrend Thank you so much, god bless you. also wondering do you have video for how to create watchlist for swing trading? your teaching helping me immensely, I have not trade a single trade yet but learning from you a lot. Thank you
Thank you Ram Software would depend on your Requirement. If you want a good TA software with good Back testing abilities, you can opt for Amibroker, MetaStock, Ninjatrader.
Thank you Rajendra Tata Power has formed a weak variation of Outside Bar. Its a weak variation as current close is not greater than previous candle high. Hope this helps.
@@TradeWithTrend Thanks for the reply. Did not take NMDC as it did not close strongly. Muthoot finance is only a paper trade as my account size is small for futures. I have one question on exit. When and how do I exit?. Is there any trailing involved?. Thanks in advance.
Thanks! ST for the amazing knowledge, can we use 200 DMA to identify Major trend or would you suggest any other indicator ? The Axis example is a classic one.
How can I calculate Volume in Trading View ? What I am getting is volume indicator but I don't know the way to average out 252 days volume and come to certain number where I can take trade. Pls help with this volume query I also faced same issue with 1st Swing strategy you given. Thanks. I am going through whole playlist viewing 1 -2 videos per day. its all knowledgeable and increased my interest in both fundamental and technical analysis.
Dmart is not showing this pattern. Low of current Week is not lower than low of previous week. Having said this, Weekly Candle on Dmart does look good.
Thanks very much for your selfless efforts in sharing the techniques with a systematic approach. Based on your knowledge and experience, Can you suggest a trading software (Amibroker etc.,) which can be used to find the setups and generate alerts through scripts. Even if they are chargeable, that’s fine. The Pi platform by zerodha or Fyers one doesn’t have robust scanning capabilities. I’m seriously looking to use scripts to find patterns like these.
Will this pattern work in daily charts as well. Also does it work in the same trend as well during consolidation phase or something similar or only in trend reversal.
Thank you for sharing this strategy. Can these stocks be considered for short next week if there is a week market tomorrow also.(28.01.2021) Eicher Motors TCS Wipro Utracements
sir , in most cases i find that the candle is strong enough which increases the probablity of our trade, however sir in that case the stop loss is too big too handle. What to do in such situations ? thank you.
Both are completely different. Outside bar is most effective after a Rally or after a fall. Whereas Shakeout happens within a Trend. Both differ in where they form (Trade location). Shakeout in the Middle of Trend and Outside bar mostly at extremes.
Sir, what if no body is going to buy your stock as far as short selling is concerned. Is this a risk factor. I have have come to know a bit about auction market which is apparently one of the consequence of short selling. Is this a rare scenario?
Sir, In my understanding, swing trading will last 1-2 days.. but there s more risk involved in swing trading, if market opens with gap up/ gap down.. how we handle this?? Swing trading s more riskier than intraday, right???
Hi I did watch your video regarding OUTSIDE BAR and it is very interesting…. Thank you ! However I do have I little question. What do you mean by “Trend has to be in place Minimum 6-10%” ??? I understand that we must go with the trend but what do you mean by 6-10% ???
Thanks Staphane Outside Bar is a "Reversal" pattern and therefore there has to be some prior trend in place before reversal can happen. For that, I have stated requirement of 6-10%. For example, If Price has moved from 100 to 88 (move of 13%) and then Outside Bar forms near the lows, this would qualify as valid setup. Link for the entire Swing Trading Strategies Playlist. ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html I hope this helps.
sir i have found out new pattern of bank nifty i want to know whether it is bullish or bearish pattern, soo sir how can contact you to send to the pattern of candle
Dear Tradewithtrend, I have a general question on stops. When we place a stop, should we consider it on closing basis or intraday basis?. Yesterday one of my stop was hit on Intraday basis but not on closing basis :( . Could you clarify? Thanks in advance.
@@TradeWithTrend Thanks for your time. Yes, it was based on daily timeframe low but during intraday movement it was hit. So, I will have one worst case stop loss alive and for my actual stop loss I will review at the end of the day. Is my approach right?. Please clarify.
Sir. Just a doubt. You have shown most of the charts in weekly TF. The one you showed on 29:35 (the stock without the name) is in daily TF. So can we trade this pattern in daily TF as well if the volume confirms it? Thank You
Sir I have a doubt. In the examples we saw, the reversal candle have not gaped much from the previous candle. Suppose we are in an down trend and we see a huge gap upped green candle that openes half way above the red previous candle and continues to close above the high of the red candle. Can we still consider it as a outside bar? In current situation there is lot of gaps being created and this is confusing sir.
ok sir,,,, will follow the same.. thnk u so much for your guidance 👍🏻 and just a feedback your stock selection through Chartink screener is going just amazing as heck... thnk u so mch sir
does vguard industries qualify for a kicker pattern today? (keeping in view yesterday's candle). pls also tell while scanning should i keep beta between 1.2 to 1.5 or just 1.2 will do..thx
@@TradeWithTrend so it has to be red after the green..no intermediate candle..right? because similar pattern was forming in relcap also..and it looks lucrative :)
Hi...Suppose the two candlestick pattern occurs in Week 1 and Week 2 in any direction then how long do we wait to make an entry? Can we stretch the entry till Week 4 or 5 or the setup fails if we dont get any entry in Week 3..Hope i am able to make it clear..Thanks
@@TradeWithTrend Let me reframe it..If after that its still unclear will upload a pic. Suppose we see a valid strong bullish outside bar on a Weekly chart. So now to take an entry we wait for the high of the bullish candle to be crossed. Now suppose this crossing of the candle doesnt happen in the week immediately after the bullish candle then how long should we wait for the high of the bullish candle to be crossed. How long in the sense if the high is not breached in the week just after the bullish candle do we still wait after that? Suppose the high is breached in the second week after the entry bar then do we take an entry in that case? Hope i am able to make it more clear now..Sorry if not..Thanks
Ah okay, got it. Best of trades work immediately. At the max I will wait for 1-2 months. Most of the times, you will see trade work immediately. Hope this clarifies.
Use this code. Make sure pine editor is blank when you post it. study("Ami Beta") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) chg = roc(as, 1) chgbase = roc(bs, 1) N = input(252) chgbasedouble = chgbase * chgbase sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N ) beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble ) plot(beta)
Do check other Stocks in same sector. If they also show some sort of Bullish candles, then that would increase overall odds of Trade. Else give it a pass.
Hi Rushikesh, 1. as suggested in video entry should be taken at end of 1st week (last couple of hrs for weekly) , once you are confident from pattern it will form strong outside bar. 2. I think may be we need to track closely and take individual call.
@@TradeWithTrend thats what we wanna know, how u pick up the stock for swing during live hours, would be much helpful if you show, more easily to be understood. Peace!
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i cant name the institute name but all these things you teach here for free they serve in the name of nse certified and i paid 50000 for that and even after that your presentation is way better then them you are doing alot for free these guys dont have even any idea and i dont know why you even giving it for free you can easily sell all those course with just a tag nse certified ;) :p thanks to share your experties
Thanks Adnan. Welcome to Trade With Trend
Thx for teaching this outside bars and the best time to trade them.
Thanks so much. Follow this Sequence On the Channel
Trading Mindset
ua-cam.com/play/PL9myHLrE5hrOabBkSB-qnhWkTRXNuYWX3.html
Swing Trading
ua-cam.com/video/9dbnXEEHgsc/v-deo.html
Risk Management
ua-cam.com/play/PL9myHLrE5hrOgq9VGFwAFKm58-fuD4Kbo.html
Multiple Time Frame Analysis
ua-cam.com/play/PL9myHLrE5hrN0RdqN5yQOamz9aeirGMbp.html
Stock Selection Strategies
ua-cam.com/play/PL9myHLrE5hrNrrUSnLLk7o9rrPqfoMCFW.html
Intraday Concepts
ua-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html
Price Action At VWAP
ua-cam.com/play/PL9myHLrE5hrOLP6NoA2z_0X-Z7pHIvR-J.html
Price Action For Beginners
ua-cam.com/play/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY.html
VWAP Strategies
ua-cam.com/play/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf.html
Sir you are best teacher in market I ever seen.keep it up sir..lots of love...
Keep sharing such knowledgeable videos 🎉🎉
One suggestion sir please also provide us with the PDF file of your presentation...so we could recall it by seeing those pdf...
Otherwise it will be very difficult to retain all the strategies you shared...very sincere request sir ❤️🎉
Point explained at 15:50 minute is awesome.
“Learn to think psychologically” a good point, I need to practice the way you mentioned.
Good foresee right time right video.
Thanks for your hard work.
All about the Psychology on the chart.
Pattern just represents it.
Thanks Kkmb
Brilliant ,again a proper slow rendition..i am sure everyone will understand this well...thanks a lot..you are a selfless person..benefitting those who sit and work on this
Thanks again.
Two more queries:
Long scenario :
1. After the confirmation, suppose on 1st day of next week, I want to take entry. But if price already shoots up (much more above the close of second candle(reversal candle)), should I wait for the price retrace or enter partially?
2. What if on 1st day of next week price opens below the close of the second candle - should I wait for it to move above the close of the second candle ?
Hi Rushikesh Mandage
Thanks for your comment. Please explain this on a chart. Will surely suggest a solution to you.
Make sure you watch entire Swing Trading playlist. You will learn a lot.
ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html
Please answer to Mr. Rushikesh query. We are eagerly awaiting your response.
Sir could you please provide the solution to the query? Eagerly waiting. I am aware that you might be busy.
this is a great question! hopefully this question doesn't get lost!
Brother, what I have seen in this strategy is mark out the high of the second handle (buying & low of second for shorting), come down to daily chart and 1 hour chart. In the 1 hour chart on the 1st day of the next week, look for the closure above (buying) and below (shorting), As soon as you get the confirmation, enter. In this way, your R:R is better. If you are looking for confirmation, you can either do a stop loss buy order above the high of the second candle and vice-versa. Just back test you should have the answer. Pull backs do give good R:R, and short selling in futures is better with this strategy as fear takes over greed. Let me know if you have any questions. Thanks.
super simple strategy well explained. Thank You.
You are welcome
Sir -thank you for explaining the concepts of outside bar lucid and in your style .request two contents from you one on inside bar and typical manner to scan for stocks from chart link or screener
Follow this Sequence On the Channel. Have already uploaded what you have requested.
Trading Mindset
ua-cam.com/play/PL9myHLrE5hrOabBkSB-qnhWkTRXNuYWX3.html
Swing Trading
ua-cam.com/video/9dbnXEEHgsc/v-deo.html
Risk Management
ua-cam.com/play/PL9myHLrE5hrOgq9VGFwAFKm58-fuD4Kbo.html
Multiple Time Frame Analysis
ua-cam.com/play/PL9myHLrE5hrN0RdqN5yQOamz9aeirGMbp.html
Stock Selection Strategies
ua-cam.com/play/PL9myHLrE5hrNrrUSnLLk7o9rrPqfoMCFW.html
Intraday Concepts
ua-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html
Price Action At VWAP
ua-cam.com/play/PL9myHLrE5hrOLP6NoA2z_0X-Z7pHIvR-J.html
Price Action For Beginners
ua-cam.com/play/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY.html
VWAP Strategies
ua-cam.com/play/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf.html
Great comprehensive explanation with many effective practical examples(also realistically stating failed instances - that we wud often face) .. you are undeniably a great teacher :) !!! - your voice also conveys a lot of intellect & wisdom too :)
Glad it was helpful! Thanks Arpan
The Way u Explain Is Superb ....Plz Do Update Such A Video on ATR Stratergy Will Be More Helpful Brother !!
Thnx in Advance !
Thanks so much Manoj.
Noted ATR as a potential topic. Thanks
Thanks for this simple and easy to follow video explanation of the pattern.
Examples were really helpful.
Best wishes.
Thank you Shankar
Let me know if you have any doubt.
@@TradeWithTrend
Hi,
Sorry I didn't catch your name.
I'd like to cross check my understanding of this strategy with you.
For instance I'm noticing the pattern in Adani ports now.
Thanks
You've understood the pattern structure.
But you need to focus on where this forms on chart.
This should form at end of major down move. Odds would then increase for Trade.
Thank you very much for your priceless effort in putting this timely Ideas and your experience.. As you rightly said that this "Pattern will come in handy" in next few weeks..
Thanks so much for your appreciation Ramaiah.
Few things were difficult to put head .but thanks a million.
Thank you for sharing this video. you have presented it with a good number of examples and the pattern is explained very well. agree to your point, that its a rare pattern but anytime it forms it does give a good return..!! thanks again!!
Thanks Barda
Hi Guys,
In this Swing Trading Strategies part I focus on Trading Chart patterns in Stock market. Outside Bar Candlestick pattern is a variation of Bullish Engulfing pattern and Outside bar chart pattern. I have shown how to trade this pattern using Japanese Candlesticks. This strategy is suitable for Swing Trader who is willing to trade Stocks or Futures on price action only.
I begin this video by explaining the basics of Outside Bar Candlestick patterns. I have focused on explaining the various variants of this pattern as each time it plays out slightly differently than before. I have focused more on how to identify the psychological shift on chart in order to trade this pattern successfully. I have taken up many case studies (past & present) and I have explained how one should approach trading once this pattern is formed.
I was scheduled to release an Options video this week but looking at market conditions, decided to release a Market reversal strategy video. Let me know if you have any doubts.
Tc & be safe.
Great sir... Your explanations are really very clear, do maintain it... 1 day the traders' world will realise how much helping hand you have ever been extending to trading & INVESTING community!!
Thanks Sukhwinder for your wonderful comment.
One of the best swing trading series on youtube..that is too free of cost. Amazing.
One query sir: stop loss should also be the weekly closing basis or we should exit as soon as SL hits? Also is there any harm in using this technique on a daily time frame?
Hi Rushikesh Mandage
Thanks for your comment.
Prefer SL on Daily time frame.
Make sure you watch entire Swing Trading playlist. You will learn a lot.
ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html
@@TradeWithTrend Thanks for the reply sir. watching the whole series.
I hope you will never ever remove this videos as I am sure I need to refer this again and again for next 10 years.
Thanks so much.
Thanks a lot for your clear case studies and explanatory stuff. Hats of you
Thank you Sen S.
Appreciate your feedback
I think you are good a teacher, thanks for putting like this type of more information
Thank you for the compliment Pudukkottai
Awesome sir, though i new this strategie earlier i dint know these kind of details, and never traded this pattern. After seeing your video with examples and Conditions, i would definatley check this strategie hereafter.. thanks a lot sir..
Most welcome P Mani. Let me know if you have any doubts.
Thank you for the valuable knowledge you impart. Much appreciated.
Thank you Sir for the efforts you might be putting to make this videos. This outside bar chart pattern did form in last week of Jan 2018 in the downward side. But Dow again tested the highs of that week and now we can see this week's chart. It is very significant, as we might be staring at 2008 situation or worst. But 1 thing is sure the market is now sell on rally.
What's your view Sir?
Thank you Pravin.
2018 Dow Candle's were not Outside Bar as second candle high was not greater than first candle high. But overall it was a variation of it.
Let market rally first and then we will see.
I'm working under no assumptions for now.
Keeping open mind for both sides.
Thanks for yet another amazing pattern explained in usual fluent way! -Regards.
Thanks Ras
Congratulations, one of the greatest swign trade series on UA-cam I´ve ever seem. Extremely clear approach.
Some one here uses MT5 as analysis system? I´m not finding how to add the Beta value index to the graph on MT5 and the MQL5 community is really not usefull at all as well. I appreciate in case someone know how to add beta value index on MT5.
Wow, thanks!
I don't know much about MT5 platform. Will try and find out.
I’m new to your channel. the presentation is very crisp detail.. and informative on entire time line.. great work and keep it up.. thumbs ups!!!!
Thanks so much Karthikeyan
Thanks for another wonderful video. It's definitely turning out to be my best subscribed channel on UA-cam!!!
Thanks Sagar
This series is awesome.❤️
Many concepts were cleared.
Thanks 🙏
I understand this should be traded mainly when we see Strong confirmation rather than weak, but charts are not always ideal.
For eg: Deepak Nitrate on weekly is showing signing of weakness by engulfing the prior up move (looks like a reversal) - Want to know if my thought right?
CNXPHARMA also is showing signing of reversal (not ideally strong) but looks like chances of reversal. Kindly let me know your thoughts.
Brilliant, was checking for these patterns during the mar 2020 fall, this has actually played out so well! Thanks again! :)
Thanks Ankur. These concepts will always work. Just the matter of keeping a cool ahead and applying these in real time.
@@TradeWithTrend Im sorry for these many questions, but looks like Nifty and Reliance are forming an outside bar pattern on weekly TF, would you consider this as a pullback(and run up again) or trend reversal(crack down further)? I'm seeing similar pattern on US indices as well. (All 3 major ones)
Sir, after a big candle which signals reversing the trend, then if we reconfirm the trend reversal by third candle in the row , we would reduce chances of error in reversal trend judgement in most cases.
Thanks Tushar. Will look into this.
Thanks for great analysis.
My pleasure!
thank you sir... outstanding effort to make such informative videos..
Thanks and welcome Mr. Cool
Please make A videos Series on INSIDER TRADING .....How to choose and trade stocks from INSIDER TRADING. .......
Did you mean Inside day? Kindly let me know .
Awesome series of Swing trading....
Thanks so much
when to take entry. on weekly chart or above 200emva supported by candlestick pattern . volatility in the market may give good return. but at the same time vise a versa. in todays scenario.
Entry after Weekly candle. In such times keep position size very small in the beginning. If trade starts to work, add more gradually.
Nicely explained........when trend change from bullish to bearish should i sell the future ?
sir do we have any detailed series on future trading
Hi Kiran Patil
Thanks for your comment.
Futures Trading series
ua-cam.com/play/PL9myHLrE5hrM8CTo0ANPGK7ZSuXadauDE.html
Excellent video as always!
Thanks Jason
Excellent video sir again thanks
Most welcome Sam
Thanks Sir for this wonderful video..
Most welcome
Hi, very good explanation, please tell me while using this strategy what is the stock selection criteria? as you have covered in swing trading series for stock selection criteria, can we use those for your other strategy like in part 6,7, and more, Thanks
Thanks so much Rob
Yes you can use those as I well. I use Stock selection method to make a " swing trading watch list". Then I use the watch list to narrow down stocks based on strategy.
Hope this helps.
@@TradeWithTrend Thank you so much, god bless you. also wondering do you have video for how to create watchlist for swing trading? your teaching helping me immensely, I have not trade a single trade yet but learning from you a lot. Thank you
@@TradeWithTrend , thank you, yes makes a perfect sense.
Hi Rob,
Dont have a dedicated video on this. But I will make one at some point. Its a good topic.
Nice explanation.cheers.
Thanks so much
Thank you for another great video!
Thanks for watching!
THANK YOU VERY MUCH
💓 Thank you Sir, can we apply same in 10 minutes intraday chart
Prefer at least 30 min chart for this Abhishek.
Thank you for an excellent post, suggest me which software is the good one to buy in the market
Thank you Ram
Software would depend on your Requirement.
If you want a good TA software with good Back testing abilities, you can opt for Amibroker, MetaStock, Ninjatrader.
How to check 252 days volume?
Just add moving average with 252 parameter on daily chart on volume.
TILL TODAY EXCEPT WEEKLY CHART I APPLIED YOUR STRATEGY. BUT NOW BIT CONFUSED IN THIS MARKET
Take a break if you are confused. Give sometime to organise thoughts. Pen down your thoughts in trading journal and then move forward.
Thank you sir
Please guide how to filter wyckof. 2 and 4 stage.for entry
Thanks for your comment Vijay
This will have to be done through scrolling through charts. This is the best way to identify Stage 2 & Stage 4.
Hello, short and informative session, how do I set target on breakout ?
Hello Sir, thanks for sharing your Knowledge. TATA power has formed bullish engulfing pattern, can you please confirm
Thank you Rajendra
Tata Power has formed a weak variation of Outside Bar.
Its a weak variation as current close is not greater than previous candle high.
Hope this helps.
Could be a good exit strategy as well for the swing trading.
Started using strategy from this week. Watching NMDC and Muthootfin(Short). Will wait till EOD :)
Sure Vetri.
Any doubt, let me know.
@@TradeWithTrend Thanks for the reply. Did not take NMDC as it did not close strongly. Muthoot finance is only a paper trade as my account size is small for futures.
I have one question on exit. When and how do I exit?. Is there any trailing involved?. Thanks in advance.
Will look at the chart and comment.
If I forget, please ping me here on Sunday.
@@TradeWithTrend Thanks a lot. I am asking exit in general with respect to this strategy not only with respect to this chart :-).
In general, Swing Trading exits could be placed at 10-20%. Depends on how much you want. In strong trends, 25% works too.
Great super stretegy
Thanks! ST for the amazing knowledge, can we use 200 DMA to identify Major trend or would you suggest any other indicator ? The Axis example is a classic one.
200 DMA Is more than enough.
How can I calculate Volume in Trading View ? What I am getting is volume indicator but I don't know the way to average out 252 days volume and come to certain number where I can take trade. Pls help with this volume query I also faced same issue with 1st Swing strategy you given. Thanks. I am going through whole playlist viewing 1 -2 videos per day. its all knowledgeable and increased my interest in both fundamental and technical analysis.
SAME PATTERN IS DEVELOPED IN DMART WAS WAITING FOR
Dmart is not showing this pattern.
Low of current Week is not lower than low of previous week.
Having said this, Weekly Candle on Dmart does look good.
Thanks very much for your selfless efforts in sharing the techniques with a systematic approach. Based on your knowledge and experience, Can you suggest a trading software (Amibroker etc.,) which can be used to find the setups and generate alerts through scripts. Even if they are chargeable, that’s fine. The Pi platform by zerodha or Fyers one doesn’t have robust scanning capabilities. I’m seriously looking to use scripts to find patterns like these.
Thanks so much Niranjan.
I use Amibroker and its really good. Try its demo first and see if it suites you.
Thanks for your quick response. I will give Amibroker a try.
Most Welcome Niranjan. Any other doubt, let me know.
Will this pattern work in daily charts as well. Also does it work in the same trend as well during consolidation phase or something similar or only in trend reversal.
Hi,
Your opinion about Zee Entertainment futures. The stock satisfy all the conditions.
Hi Kkmb,
Yes, Media Index along with many media Stocks have fulfilled this Pattern criterion.
Thanks
Most welcome Dipak
Sir, What strategy do you use personally?
so do you wait for an entry only after the weekly candle is formed ? (as in a Friday closing)
Yes that's correct
Thank you for sharing this strategy. Can these stocks be considered for short next week if there is a week market tomorrow also.(28.01.2021)
Eicher Motors
TCS
Wipro
Utracements
sir , in most cases i find that the candle is strong enough which increases the probablity of our trade, however sir in that case the stop loss is too big too handle. What to do in such situations ?
thank you.
Yes that’s how it is. This is why position size should be based on risk.
Can we apply the strategies and concepts mentioned in your swing trading playlist to swing trade cryptocurrencies as well?
How to differentiate a outside bar from a shakeout candle real time?
Both are completely different.
Outside bar is most effective after a Rally or after a fall.
Whereas Shakeout happens within a Trend.
Both differ in where they form (Trade location).
Shakeout in the Middle of Trend and Outside bar mostly at extremes.
Sir thank you very much 👍👃
Most welcome
THANKS...
7 nr is tool can be used for above pattern sir
Sir, what if no body is going to buy your stock as far as short selling is concerned. Is this a risk factor. I have have come to know a bit about auction market which is apparently one of the consequence of short selling. Is this a rare scenario?
Quality content....
Thanks so much
Sir, In my understanding, swing trading will last 1-2 days.. but there s more risk involved in swing trading, if market opens with gap up/ gap down.. how we handle this?? Swing trading s more riskier than intraday, right???
No its not. Swing trading is relatively safer.
No brother,,, sometimes BTST can be considered as IntraDay....
Hai, Should the SL be trailed to recent week's swing low till a profit target of 20% is reached or should it be fixed to initial SL?
Keep trailing if Trade moves in favor.
Dont let a Profitable trade turn negative.
Trail with each pivot low.
Hi
I did watch your video regarding OUTSIDE BAR and it is very interesting…. Thank you !
However I do have I little question. What do you mean by “Trend has to be in place Minimum 6-10%” ???
I understand that we must go with the trend but what do you mean by 6-10% ???
Thanks for your comment Stephane.
Can you tell me the time stamp in the video where I say this?
I will then be in a better position to explain.
@@TradeWithTrend 3.09 minutes and 26.35 minutes
Thanks Staphane
Outside Bar is a "Reversal" pattern and therefore there has to be some prior trend in place before reversal can happen.
For that, I have stated requirement of 6-10%.
For example, If Price has moved from 100 to 88 (move of 13%) and then Outside Bar forms near the lows, this would qualify as valid setup.
Link for the entire Swing Trading Strategies Playlist.
ua-cam.com/play/PL9myHLrE5hrPQI6ljQCNZ0KQsnvTsgENG.html
I hope this helps.
@@TradeWithTrend thank a lot
Does bharati daily chart pattern for 10/24 qualifies for outside bar pin pattern?
Let the Week get over.
Has to qualify on Weekly Chart.
sir i have found out new pattern of bank nifty i want to know whether it is bullish or bearish pattern, soo sir how can contact you to send to the pattern of candle
Send me an email.
Dear Tradewithtrend, I have a general question on stops. When we place a stop, should we consider it on closing basis or intraday basis?. Yesterday one of my stop was hit on Intraday basis but not on closing basis :( . Could you clarify? Thanks in advance.
Unless you see Prices tanking, dont set stop on intraday basis.
Always based on Daily time frame.
@@TradeWithTrend Thanks for your time. Yes, it was based on daily timeframe low but during intraday movement it was hit. So, I will have one worst case stop loss alive and for my actual stop loss I will review at the end of the day. Is my approach right?. Please clarify.
Yes Vetri. All stop losses should be based on Eod basis. Review only then. Intraday causes unnecessary impulsive decisions.
@@TradeWithTrend Thank you very much for the clarification🙇. Understood now :-)
Sir. Just a doubt. You have shown most of the charts in weekly TF. The one you showed on 29:35 (the stock without the name) is in daily TF. So can we trade this pattern in daily TF as well if the volume confirms it? Thank You
Sir how to get volume over 252 days and greater than 500000...? Pls explain
sir how to find Beta Value indicator on chart pls. show link
Use this code on Trading View Dot Com
study("Ami Beta")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
chg = roc(as, 1)
chgbase = roc(bs, 1)
N = input(252)
chgbasedouble = chgbase * chgbase
sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N )
beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble )
plot(beta)
Sir I have a doubt. In the examples we saw, the reversal candle have not gaped much from the previous candle. Suppose we are in an down trend and we see a huge gap upped green candle that openes half way above the red previous candle and continues to close above the high of the red candle. Can we still consider it as a outside bar? In current situation there is lot of gaps being created and this is confusing sir.
No, that would be Kicker pattern.
Watch next part. Have explained this in detail.
No, that would be Kicker pattern.
Watch next part. Have explained this in detail.
I'll watch it sir and again thank you so much for your time. Your a great inspiration for me sir
How is this different from kicker pattern?
Have you seen my Kicker Video? Have clearly explained it.
@@TradeWithTrend will watch again
hello sir, can we apply this setup in 2 hour TF to have swing shot in an specific stock ( cash) 15-20 days??
or we must have to be sticked with weekly chart?
plz guide sir
Apply this on Hourly time frame chart.
Avoid 2 Hourly chart data.
For long term trading, stick to Weekly time frame.
ok sir,,,, will follow the same.. thnk u so much for your guidance 👍🏻 and just a feedback your stock selection through Chartink screener is going just amazing as heck... thnk u so mch sir
does vguard industries qualify for a kicker pattern today? (keeping in view yesterday's candle). pls also tell while scanning should i keep beta between 1.2 to 1.5 or just 1.2 will do..thx
Will look at chart in the evening and comment back. For beta, you can keep 1.2 and above.
@@TradeWithTrend thx for the quick reply. infact i selected beta between 1.2 and 2, and there were 566 results. thats why i asked
In this case, increase the beta parameter. 566 is just too much.
Just checked V-Guards's chart. Can't be called a kicker pattern. Yesterday's candle and today's candle don't fit the criterion.
@@TradeWithTrend so it has to be red after the green..no intermediate candle..right? because similar pattern was forming in relcap also..and it looks lucrative :)
Hi...Suppose the two candlestick pattern occurs in Week 1 and Week 2 in any direction then how long do we wait to make an entry? Can we stretch the entry till Week 4 or 5 or the setup fails if we dont get any entry in Week 3..Hope i am able to make it clear..Thanks
Will help if you can explain this on a chart. Use tiny pic website to upload the chart and post the link here.
@@TradeWithTrend Let me reframe it..If after that its still unclear will upload a pic.
Suppose we see a valid strong bullish outside bar on a Weekly chart. So now to take an entry we wait for the high of the bullish candle to be crossed. Now suppose this crossing of the candle doesnt happen in the week immediately after the bullish candle then how long should we wait for the high of the bullish candle to be crossed. How long in the sense if the high is not breached in the week just after the bullish candle do we still wait after that? Suppose the high is breached in the second week after the entry bar then do we take an entry in that case? Hope i am able to make it more clear now..Sorry if not..Thanks
@@TradeWithTrend Please check this tinypic.com/r/skyfrr/9
Ah okay, got it. Best of trades work immediately. At the max I will wait for 1-2 months.
Most of the times, you will see trade work immediately. Hope this clarifies.
@@TradeWithTrend Yes it does.. Thanks
Sir If I am not wrong all these charts are weekly ?
Yes all weekly time frame charts.
Sir how can we know beta value.. Is thera an indicator or something... In trading view.. I couldnt find
Use this code. Make sure pine editor is blank when you post it.
study("Ami Beta")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
chg = roc(as, 1)
chgbase = roc(bs, 1)
N = input(252)
chgbasedouble = chgbase * chgbase
sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N )
beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble )
plot(beta)
@@TradeWithTrend thnk u sir
CAN WE USE THIS SETUP IN 5 MIN
No you will get many whipsaws.
please recommend free software for studying charts
You must show those trades also where these patterns failed too
I mostly do it in most videos.
If it does then we can go long once it breaks the weekly high and keep SL as weekly low.. Right?
Do check other Stocks in same sector.
If they also show some sort of Bullish candles, then that would increase overall odds of Trade.
Else give it a pass.
Thanks for the response, Haven't taken any position on Bharati yet.. Does Raymond qualifies for this set up, especially on the weekly chart?
Depends on other stocks in same sector. How are they shaping up?
Thanks much.. Will keep it in my watch list and notify you how it goes in coming weeks. Thanks again
Sir why dont you suggest the software ..?
Which software?
@@TradeWithTrend Best and affordable Technical analysis Software for beginners
Will try and make a video on this.
@@TradeWithTrend Thanks
This seems so close to the kicker pattern
How to write detailed documents plz help me
Are you referring to trading plan?
Yes
Actually what they are
Read this book, Will help you a lot.
Super Trader By Van Tharp.
Thanks
CANDLE IS ABOVE 200DMA & DAILY CANDLE
Dear Vaiju, no where in the video I talk about 200 DMA or daily time frame candle.
which software do you use?
Hi Shri,
I use Amibroker & Metastock.
thanks has kotak bank has given a trade revarsal by bullish outside bat on 10/10/2018?
Will look at the chart and comment later.
Hope you are looking on Weekly time frame.
yes its a weekly time frame.
Thanks. Will check the chart and comment later.
Hello sir,
As asked by you, i have tried to ask my queries with the help of images :
Query1: ibb.co/7YWTSFS
Query2: ibb.co/jrFdSW4
Hi Rushikesh,
1. as suggested in video entry should be taken at end of 1st week (last couple of hrs for weekly) , once you are confident from pattern it will form strong outside bar.
2. I think may be we need to track closely and take individual call.
Bro live krke dikhao
Full time trader Vishal. I trade during live market hours.
@@TradeWithTrend thats what we wanna know, how u pick up the stock for swing during live hours, would be much helpful if you show, more easily to be understood. Peace!