Good job in explaining i had no idea what a lot of stuff really meant even though i've heard the terms before, but you putting them into context helped a lot. Also i understood exactly what you meant and how to apply it. Perfect. The only thing i don't think i really comprehend is how you're making money on a short. Finding the setup on a long i can see but i dont quite understand the logic in buying into a short.
Not bad, I have seen these types of setups, a certain guru calls them Acapulco, the big bar is the cliff and the short bar is the diver, 3 bar is the deep water !!! Lookat AUDCAD forex daily on Nov. 3, 2017 - long bar followed by 3 days narrow range, still it worked!
Is the up or down gap required before the set up? Are you worried about the possibility of a morning or evening star? Also, how are you determining price range and your exit? Thanks!
This is intellectual gold! One of the most difficult challenges I've been over coming is finding good intraday entries for swing trades. This will definitely go on my list. Also it reconfirms the idea intraday patterns can be just as important as weekly/monthly patterns.
Great, well prepared, as the other lessons on Live Traders. I went on the chart, and saw those powerful three bars strategy. I'm curious about a detail : Why is the role of the neutral bar (1 or 2)? Thanks!
Good video - catastrophic sound, the humming in the background makes me crazy after 30". I understand why the other 3BP video from Jared has much more clicks ;-)
Hi Anmol - took some down time today with the b/c of the weather. This is a great video and the concept is truly simple...i will am going to focus on it over the next couple of weeks and see how i do!! See you in the trading room.
@Live Traders. How do I join your trading group? I want to learn more and I absolutely love your guys' videos. Theyve taught me so much already. And I want to take my trading to the next level.
Bar #2 was absolutely an inside bar, and was in the upper 50% of bar #1 with a 'relatively' equal high. This is directly out of the textbook. Page 95. ;-) I wrote the book and I'm the one who took that trade and made the $1308 on it. The entry was slightly aggressive at $230, instead of $230.50, but the pattern was textbook. Jared W.
It was slightly higher, but my trading (from the textbook) allows for a 'slightly' higher high, which was the case here. I only give the book out to folks who take or have taken the PTS course. It's on our website: livetraders.com or email info@livetraders.com Cheers!
The book is only available to people who have taken our courses. The information is too valuable to sell for $99 at the book store. ;-) It's purposely NOT on AMZN.
On a percent basis, how often are you actually using this setup on a intraday basis? and if you ranked it out of your top 5 setups where does it rank? Thank you for posting this video, Live Traders are the real deal.
i really loved this video.. been a trader for years and have never seen something so concise. thank you. really made makes me consider the chat. is there a scanner for this set up that you know of?
We scan for these together in the room and take the trades. No special scanner, just our eye balls and a great team of traders scanning and looking for these kinds of trade setups :) Look forward to having you in there.
@@skybelleable don't have a scanner for it however we trade these setups almost everyday in the live trading room. So we find them together as a team and trade them in the chatroom.
Hi for beginner traders, i recommend just doing 2:1 and not touching the trade, So if you have a 30c stop loss, look for a 60c target and do not mess around with it in the interim, let the trade stop you out or hit your target. Overtime you'll do well
good to be there in the right set up to make money.you just got it right nothing else matters.hit it on the nails head to go.i know for sure following this chart makes one to make more money repeatedly.guys just go by this one and only tested.thanks for sharing the secret ...gans
Hi, They work for forex too, however on higher timeframes such as daily/weekly and sometimes 4 hour charts. They happen on smaller timeframe also but then becomes less reliable for forex on smaller timeframes
you said this works on any instruments , does this work on the sp 500 minis as well on 1 min and 5 min charts ? how does this work on the russell futures ....?
It does however I do not trade futures so would not be able to give accurate stats on how well it works on those markets, but I have traders who trade futures and they say, it works just as well
Live Traders What I noticed doing a few months of following the 3 bar play on the sp 500 / is that because of the futures volatile nature that you must let the 3rd bar exceed the first bar by a little more then 60cents +to confirm direction and it's important to know the over all trend , because on a down day you know if you get a 3 bar play on long position it will be short lived / you get your moves but you can't get greedy , get your 3 points and go , especially when the Dow is trading between 20points up or down / also your moves will come between 9:30 -11:45am est ..there other things to keep in mind , but I seen multiple times a 3 bar play on 1 min and 5 min charts / on big movement days 5 min chart confirmations can give you a nice run / I am ready to go live shortly , taking notice in other variables but the 3 bar play being the corner stone of me trading /
Hi! I want to test your setup in fx, what is the exit strategy? do you have a specific target or do you just let it run? and what makes you exit? cheers
Hi, The recordings of our seminar are available on the site, they are the PTS recordings. We will be teaching it live this year as well and you'll be able to have access to the live version too
I love the video. I am extremely curious to know if there is a way to build a scanner to look for these types of setups? Any help will be greatly appreciated, thank you!
Sure, there are many ways to build a scanner for it, I just prefer to use manually as i trust my own eyes more than a scanner, Scanners seem to send out a lot of setups like 20+ at a time which causes traders to lose focus
Hi Anmol, amazing video! Do you have a video or list of which software/ platforms i need. I want to get started with trading and i would like to master the 3-4 bar play. Btw i am UK based, does this make a difference?
Great videos as always. One thing worth mentioning. I live in the UK and anyone living in the UK will eventually encounter the difficulty of finding a broker that allows this level of trading to be carried out. TD Ameritrade, Think Swim etc are all banned here so finding a broker that charges as low as them are near impossible for beginners. With intra day low cost is even more important. Anyone know a good broker in the EU that charges flat fixed rate per trade, like TD?
Hi, Feel free to contact us at info@livetraders.com we can suggest you a broker . We have many members in the UK and i can put you in touch with them too. Or call us at 800-947-4027 and ask about our funded trader program.
Yes, it works on all timeframes. We trade them most often on 1-2min charts as a daytrade and sometimes on 5 and 15min charts. But it works on All timeframes, even daily and weekly
Generally it's 2:1, but occasionally we'll get less. Trader Management is a very personal thing. You need to choose something that is conducive to your personality and time constraints. ;-)
hai anmol i am a trader got trading experience .how about tradiing together and sharing the profits .ok for the deal.do kindly reply by saying yes to make a huge difference in enhancing our life style.got the patience and passion to drive the fluctuations of day trading.do not wait for tomorrow.ok i am just waiting...gans
Don't bother with it, Not required , Many other ways to trade. Email info@livetraders.com and ask about Our CAP Program. You can trade our firms capital and no license is needed.
You're wrong...it does not work like that..it works on the R approach..watch this video, it will explain what we mean.ua-cam.com/video/tifDCbo8xpk/v-deo.html
I'm not against the R unit rule, what I meant is that trading blue chip companies which they movie at best 1% to %2 a day is not an ideal strategy for day traders who are chasing volatility and liquidity, hence, penny stocks tend to move 10 to 100, 200% in a day or two. moreover, most people have small accounts, so its more ideal for them to target stocks under $15......... thank you
Yes but % don't matter with the R approach as 1r is 1r regardless of the price of the stock. So 1r trade on one stock is the same as 1R on the other regardless of the price. For people with small accounts, they simply use a lower R approach and work their way up. That's the best approach if you want to become a big trader one day. With the share size and risk use on a trade, smaller stocks are not ideal due to sloppy messy patterns and the lack of volume and liquidity for us to get in and out. Whereas with Bigger cap stocks, we can take multi million dollar positions and get out with no problems. We do however trade smaller ones too. Had a great trade on GALE the other day
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Excellent presentation Anmol! Thank you!
Good job in explaining i had no idea what a lot of stuff really meant even though i've heard the terms before, but you putting them into context helped a lot. Also i understood exactly what you meant and how to apply it. Perfect. The only thing i don't think i really comprehend is how you're making money on a short. Finding the setup on a long i can see but i dont quite understand the logic in buying into a short.
I've traded this pattern over and over with great results.
More Anmol, more please. Loved this. Been looking for a straight forward setup to trade the open. More please. I have subscribed
Thanks, Enjoy. Will have more videos coming out soon. Watch some of our older videos if not already done so.
Nice to hear you! Thanks a lot from France.
Awesome, Glad you liked it.
Great information here. Thanks for putting this up!
One of the best trading videos I've seen in a long time.....Nice Anmol..
Thanks
Not bad, I have seen these types of setups, a certain guru calls them Acapulco, the big bar is the cliff and the short bar is the diver, 3 bar is the deep water !!! Lookat AUDCAD forex daily on Nov. 3, 2017 - long bar followed by 3 days narrow range, still it worked!
Awesome
Thank you for taking the time to post this simple but effective setup🙏. Great explanation and examples..will implement immediately
Awesome, Glad you liked it.
Is the up or down gap required before the set up? Are you worried about the possibility of a morning or evening star? Also, how are you determining price range and your exit? Thanks!
Not really required but we specialize on gaps, and they work the best.
This is intellectual gold! One of the most difficult challenges I've been over coming is finding good intraday entries for swing trades. This will definitely go on my list. Also it reconfirms the idea intraday patterns can be just as important as weekly/monthly patterns.
Awesome, I'm glad it helped
Thank you Anmol. The best pattern that I am using is the 3 bar.
Started using the 3BP after screen shots and watching this video several times and I must say it's easy to identify and use. Thanks bro!!
Awesome, im glad
Great, well prepared, as the other lessons on Live Traders. I went on the chart, and saw those powerful three bars strategy.
I'm curious about a detail : Why is the role of the neutral bar (1 or 2)?
Thanks!
it's a RESTING bar before the continuation.
@@Live.Traders Thanks!
Good video - catastrophic sound, the humming in the background makes me crazy after 30".
I understand why the other 3BP video from Jared has much more clicks ;-)
True, The mics have improved a lot in 3+ years :)
what a great video, ty for taking out the time to teach newbies like me. just join live traders, cant wait to learn more...
Thanks, Glad you liked it...
Hi Anmol - took some down time today with the b/c of the weather.
This is a great video and the concept is truly simple...i will am going to focus on it over the next couple of weeks and see how i do!! See you in the trading room.
awesome, im glad..see you in the room
I watched this video presentation 1 month ago. Good, is good. It's probably better the second time around. Great work. Thanks again for the post.
Thanks, we're glad !!
@Live Traders. How do I join your trading group? I want to learn more and I absolutely love your guys' videos. Theyve taught me so much already. And I want to take my trading to the next level.
Hey sure email elora@livetraders.com
@@Live.Traders Thank you! Will do.
Great video! Is this first bar premarket or at the opening? You scan the pre-market for gainers and loosers?
It's opening bar.
CF trade the second bearish bar was not an inside bar so it wouldnt have fit your trading plan for the 3BP... 13:26
Bar #2 was absolutely an inside bar, and was in the upper 50% of bar #1 with a 'relatively' equal high. This is directly out of the textbook. Page 95. ;-) I wrote the book and I'm the one who took that trade and made the $1308 on it. The entry was slightly aggressive at $230, instead of $230.50, but the pattern was textbook. Jared W.
Live Traders looks like the red bar high is higher than the bullish one
Also where is the book sold ??
It was slightly higher, but my trading (from the textbook) allows for a 'slightly' higher high, which was the case here. I only give the book out to folks who take or have taken the PTS course. It's on our website: livetraders.com or email info@livetraders.com Cheers!
Live Traders ah make sense now.
Also I was looking everywhere for the book and couldn’t find it. Thx for the reply.
The book is only available to people who have taken our courses. The information is too valuable to sell for $99 at the book store. ;-) It's purposely NOT on AMZN.
Thanks bro I will let you know . I will implement this method. GREAT INFORMATION !!! GOLD ! HUGE THANKS
Awesome, Glad you liked it.
great video. going to start looking for this when I look at charts from now on
Awesome :)
i'm going to try this, thank you
Awesome, Be sure to get a cash counting machine
One year later.. Did it work ?
@@EranM yes, we still use this every single day. Watch some of our latest videos.
On a percent basis, how often are you actually using this setup on a intraday basis? and if you ranked it out of your top 5 setups where does it rank? Thank you for posting this video, Live Traders are the real deal.
we trade it whenever we seem em on nice daily charts. Usually we get 2-3 a week easily...From my top 5 setups, this is on the top 3 for sure
do you have videos on opening range breakouts and buyset ups?
Entry point on the 3 bar play would be in beginning of the 3rd bar once it breaks the height of the second bar?
Great presentation, thanks for sharing!
How many stocks do you normally add to your watchlist in the pre-market?
About 10 . mix of gap ups and gap downs.
AWESOME CLARITY of thought
And great content Anmol
Love from INDIA
i really loved this video.. been a trader for years and have never seen something so concise. thank you. really made makes me consider the chat. is there a scanner for this set up that you know of?
also, i do like listening to moderators in chat as apposed to just reading text. do you speak during your trading?
Hi, Yes we share our screens and live audio from 9am to 12:30pm everyday. Regards
We scan for these together in the room and take the trades. No special scanner, just our eye balls and a great team of traders scanning and looking for these kinds of trade setups :) Look forward to having you in there.
Nice info
Thank you sir for sharing such a great video...
You're welcome.
nice video and strategy. have learned couple of strategies from you in the past too. you are great
Thanks, I am glad !
Brilliant set up! Thanks very much from Australia! I'm a beginner trader, keen learner!
Thanks !
Awesome. Do you have a scanner for this setup?
Yes. Drop us an email info@livetraders.com
Also interested to know a out the scanner. Currently reading your ebook👍🏾👍🏾
@@skybelleable don't have a scanner for it however we trade these setups almost everyday in the live trading room. So we find them together as a team and trade them in the chatroom.
@@Live.Traders Tx for getting back
@@skybelleable you're welcome
Thank you for the great video.
Thanks for the video. How do you usually structure your exit and trade management? Which exit strategies would you recommend for a beginner?
Hi for beginner traders, i recommend just doing 2:1 and not touching the trade, So if you have a 30c stop loss, look for a 60c target and do not mess around with it in the interim, let the trade stop you out or hit your target. Overtime you'll do well
thanks for the video,then.do we need to set up scanner, or wE just go through the stock manually?
i scan manually...you can use a program if you want...if you know how to set it up. I do it manually.
@@Live.Traders can i usE this in the afternoon market, or it has to be morning pre market?
@@bingchen5365 can be used anytime.
@@Live.Traders as long as i can confirm the pattern it can be use anytime right
@@bingchen5365 Yes
good to be there in the right set up to make money.you just got it right nothing else matters.hit it on the nails head to go.i know for sure following this chart makes one to make more money repeatedly.guys just go by this one and only tested.thanks for sharing the secret ...gans
You're welcome
Thanks Anmol, great content. Do you have a trade room where we can trade with you live using this and other patterns?
Email: info@livetraders.com, $1, for 30 days trial
On the 3-bar patterns, what time frame do you like the most ? 5, 3-min or ?
TY Anmol. How do I start to work with you?
do you use this 3bp on forex as well, as there are no gaps would your entry just be a big break of structure? thanks
Hi, They work for forex too, however on higher timeframes such as daily/weekly and sometimes 4 hour charts. They happen on smaller timeframe also but then becomes less reliable for forex on smaller timeframes
thanks man! awesome vid
geoff wong Thanks, I'm glad you liked it 👍👍
Does this work only at market open or I can use it any time of the day?. Have u tried to look at its success rate beyond the market open?. Thanks
Can work anytime, as long as it setups up properly
Drum roll plz. Awesome explanation of this 3BP! This should have "Trade Mark" attached to this strategy!
Thanks 👍👍
God Bless you. Very Good set up. Bring some more .
Thanks
Is there a scan for this or how do we find these?...Gapping stocks for sure
Scan the gappers every morning then wait for the patterns to form...Cheers!
you said this works on any instruments , does this work on the sp 500 minis as well on 1 min and 5 min charts ? how does this work on the russell futures ....?
It does however I do not trade futures so would not be able to give accurate stats on how well it works on those markets, but I have traders who trade futures and they say, it works just as well
Live Traders What I noticed doing a few months of following the 3 bar play on the sp 500 / is that because of the futures volatile nature that you must let the 3rd bar exceed the first bar by a little more then 60cents +to confirm direction and it's important to know the over all trend , because on a down day you know if you get a 3 bar play on long position it will be short lived / you get your moves but you can't get greedy , get your 3 points and go , especially when the Dow is trading between 20points up or down / also your moves will come between 9:30 -11:45am est ..there other things to keep in mind , but I seen multiple times a 3 bar play on 1 min and 5 min charts / on big movement days 5 min chart confirmations can give you a nice run / I am ready to go live shortly , taking notice in other variables but the 3 bar play being the corner stone of me trading /
T/Y, looks interesting, I'll practice this...
Thank you
You're welcome !!
I was recommended to this video. The video is awesome! Thank you
Thanks
Another Great Video Anmol. Love The three and 4 bar plays.
You're welcome, Glad you liked it !!
Hi! I want to test your setup in fx, what is the exit strategy? do you have a specific target or do you just let it run? and what makes you exit? cheers
Hi Exits is an art, there are many different strategies we use for that, For Forex we cover that in our programs, www.Learnfxnow.com
Your amazing!! Thank you
Awesome Pattern!
For sure :)
Will this trade work on range bars or tick bars? Or only on a time based chart?
Thanks in advance.
Hi, We only trade this on time based charts
Hi when is the next seminar? I would like to attend.
Hi, The recordings of our seminar are available on the site, they are the PTS recordings. We will be teaching it live this year as well and you'll be able to have access to the live version too
I love the video. I am extremely curious to know if there is a way to build a scanner to look for these types of setups? Any help will be greatly appreciated, thank you!
Sure, there are many ways to build a scanner for it, I just prefer to use manually as i trust my own eyes more than a scanner, Scanners seem to send out a lot of setups like 20+ at a time which causes traders to lose focus
All facts. 💯%
Can this work out with penny stocks?
Yes, but its more reliable on regular stocks over $4
That was brilliant. Thank you !!
Thomas DiSalvio Thanks 👍👍
Hi Anmol, amazing video! Do you have a video or list of which software/ platforms i need. I want to get started with trading and i would like to master the 3-4 bar play. Btw i am UK based, does this make a difference?
Yes, Use Tradeststion or Interactive Brokers.
@@Live.Traders do these platforms have a paper trading function?
Thanks for sharing this setup!!!!
You're welcome :)
Any recommendations to open a demo account? thank you
email info@livetraders.com
thanku thanku thanku so much sir for this informative video god bless you
You're welcome !
great video thanks.
Thanks !
Great videos as always. One thing worth mentioning. I live in the UK and anyone living in the UK will eventually encounter the difficulty of finding a broker that allows this level of trading to be carried out. TD Ameritrade, Think Swim etc are all banned here so finding a broker that charges as low as them are near impossible for beginners. With intra day low cost is even more important. Anyone know a good broker in the EU that charges flat fixed rate per trade, like TD?
Hi, Feel free to contact us at info@livetraders.com we can suggest you a broker . We have many members in the UK and i can put you in touch with them too. Or call us at 800-947-4027 and ask about our funded trader program.
Hi Anmol, thank you nice set-up.
Do you have a write-up on this 3BP set-up on your blog?
If Yes, please post the link
Hi, it's in our ebook, it's free. Download it here www.livetraders.com/ebook
Is this set-up applicable on 1 min and 5 min charts as well?
Yes, it works on all timeframes. We trade them most often on 1-2min charts as a daytrade and sometimes on 5 and 15min charts. But it works on All timeframes, even daily and weekly
Thank you v.much for sharing your best experience with us. thx.
You're welcome ! :)
Gr8 Werk...
Great Work.
Thanks
Does 3BP works on Forex trading?
Hi, Yes it works on forex too. But mainly on higher timeframes such as 4H, Daily etc
Live Traders I see, thanks a lot.
nice.
Thanks
Perfect , very perfect. I Love this
Thanks
is your target a 2:1 risk reward, or 1:1?
Generally it's 2:1, but occasionally we'll get less. Trader Management is a very personal thing. You need to choose something that is conducive to your personality and time constraints. ;-)
Powerful pattern it worked...Beautifully
Awesome, I'm glad.
great video
Thanks!
Get that Angelina Jolie’ trade. Lol
lol
hai anmol i am a trader got trading experience .how about tradiing together and sharing the profits .ok for the deal.do kindly reply by saying yes to make a huge difference in enhancing our life style.got the patience and passion to drive the fluctuations of day trading.do not wait for tomorrow.ok i am just waiting...gans
Sure, drop an email to info@livetraders.com and ask about the CAP program. We take 20% of profits in exchange for funding you.
Old days, we used to call this a mcmuffin. Now it's a 3 bar play. go figure.
the name is irrelevant...just the result is important! Cheers!
Lovely
Thanks 👍
gap up plays are noice
Yup !!
Do you guys need a License ??
No
I am struggling to obtain the Series57 U.S. Daytrading License.
Don't bother with it, Not required , Many other ways to trade. Email info@livetraders.com and ask about Our CAP Program. You can trade our firms capital and no license is needed.
FIVE STAR LESSON - thank you
Thanks ✌️ glad you liked it.
I have a few questions anyone free to answer them?
Email info@livetraders.com
Live Traders just sent an email to you. Thanks again
why bother trading >$100 stocks to make $1300, in time u could make more on stocks under $15 ... just saying !
You're wrong...it does not work like that..it works on the R approach..watch this video, it will explain what we mean.ua-cam.com/video/tifDCbo8xpk/v-deo.html
I'm not against the R unit rule, what I meant is that trading blue chip companies which they movie at best 1% to %2 a day is not an ideal strategy for day traders who are chasing volatility and liquidity, hence, penny stocks tend to move 10 to 100, 200% in a day or two. moreover, most people have small accounts, so its more ideal for them to target stocks under $15......... thank you
Yes but % don't matter with the R approach as 1r is 1r regardless of the price of the stock. So 1r trade on one stock is the same as 1R on the other regardless of the price. For people with small accounts, they simply use a lower R approach and work their way up. That's the best approach if you want to become a big trader one day. With the share size and risk use on a trade, smaller stocks are not ideal due to sloppy messy patterns and the lack of volume and liquidity for us to get in and out. Whereas with Bigger cap stocks, we can take multi million dollar positions and get out with no problems. We do however trade smaller ones too. Had a great trade on GALE the other day
This comment doesn’t make any sense. Lol.
Does it matter if Bar#1 is gapping or not?
Shouldn't you wait for a pullback on the third bar?