Looks promising on paper, thank you Steven! I'd suggest another rule to apply when considering a deal: don't enter if the projected P/L ratio is less than 2:1. This may improve statistical probability.
Dont we need to use Buy/Sell line that is 50 DSMA in trading this strategy..Also till how many days ther trade will be valid to enter? Also m interested in strategy.. please reply pro traders strategies
always works perfect in courses. I did try it out and 4 of 5 trades got stopped out (SL set as per video) because they never reached the (as per video) 100% TP level. the remaining one would have made 300% though, if not TP set at 100% ...
We can check the strategy on the whole chart. So, AUDUSD weekly chart- the strategy did not work for the week mon 24th march. Nor did it work for the following weeks after this video ie. 22nd jun 2015, 29th feb 2016. If im wrong or reading it wrong, please could you correct me. Thank you
One important thing to understand is that a strategy not only includes entry points but also targets and stop loss, so if you had an entry point and then the market conditions change you will take a stop loss that is within the strategy. if the trend continues you apply the exit points and that too is within the strategy.
can you tell pls,if we have pivot setup on 1st 4 candles and if 5th candle cross that setup so we have to wait for new pivot setup or we can just trade coz we have pivot setup on 1st 4?
Hello, the pivot high is then on the fifth candle, then if the 6th and 4th candles have lower highs then you confirm the 5th as the pivot hight and wait for the next candle to cross that price...
Have not looked at mt4 in awhile but if it allows you to enter your own input instead of list choices on number of devs (standard set 2) you can just type in 0.362. It gives you narrow bands around the basis or a fat basis line (thickness depending on dev setting). I realize long time since your question but this might help someone if MT4 will work that way.
Hi, I use MT4. I use these settings. Go to indicators, then trend, then bollinger bands, in the deviation box just delete the settings that are there and input 0.382. job done. hope that helps
Interesing concept, I have questions: 1. Is there any rule to move the stop loss from the initial spot? 2. What is when you are le'ts say in the situation whene there were already 5 closes above the bb? You wait for the signal change? It's worth to mention that my trading TF is D1.
Hello, 1. To answer this question there is the Money Management Course but meanwhile you can watch a taste of it here: www.protraderstrategies.com/2017/03/30/steven-primos-five-exit-strategies-that-will-change-the-way-you-trade-march/ 2. Can you tell us the minute on the video to address this question with precision. Thanks..
At first thanks for responding to my message. Regarding point 1 I will checkout the video under the provided link. Regarding point number 2. There isn't any point in time in this video. This is what came to my mind. There is not any answer to that in the video, if it was I would not ask it. Let's assume the siutation for example: We are opening a trading platform whatever it is. You have all the indicators ther like the tweaked (so to speak) bolinger bands. You look at any market. Let's say that you se that it's trading above the bb. You count the candles and there were already toe five signal ones. In short there are 8 candles and one of them just broke out the 5 candle pattern. The question is what do you do next? You wait for the next five, after the one that broke out of the pattern? Or you maybe wait for the whole market to turn aroung under the bb bands.
@@rafakoscinski5319 i normally jump in if its made the pivot and broken it already. then calculate my target from when it broke the pivot and set the stop loss as steve said under the recent short term low/high
@@ProTraderStrategies i think it is based on the golden mean/ phi. subtract the golden mean from 2 and we arrive at 0.382. the markets basically move in a spiral when they are trending but the platform can only display it in 2 dimensions, when in actuality everything moves in 3 dimensions and the settings allow it to be tracked.
Great Tutorial, you are a greate teacher. I have a question if you don't mind. Does this work on cryptocurrency as well? I tried but failed a couple times on the 5 min time chart. Maybe the wrong time chart? I am sure this works on stock markets pretty well, but I am not sure about cryptocurrency :x
Steve, Nice strategy. However, please explain why to use the BB with this strategy. How about just using 20 EMA/SMA and follow the same rules? As long as the candles close above or below the 20 MA then we should take long or short position. Any thoughts?
In general, if we were on a deserted island with one indicator to use, we will choose the buy/sell line. We like to stick to this one as time has demonstrated to be the best one.
hi, earlier bollinger band stratergie #3A, we have 50 SMA marked. But in this video we don't have 50 SMA. could you confirm whether we have to mark 50 SMA or only bollinger band.
+MOHMAED ASHRAF To answer your questions, the conservative or basic version of #3A calls for all 5 bars to be above both the 50 sma and the highest BB (reverse for sells). But the more aggressive version (in today's webinar) only calls for all 5 bars to be above the highest BB. In fact we don't even plot the 50 sma.
Sir , i am from India , have little small queries that till fifth candle if we don't have any pivot high should we consider the high of fifth candle and trade immediately, will appreciate your response very much - Thanks
@ 23.11 time, even though we got 5 consecutive bar and a short term pivot high, the next bar touched the lower BB, shouldn't this negate the trend? Not sure what was the logic to enter the trade on that 211.06 & placed STOP at short term pivot low. Can someone explain, please.
The bar you are talking about touched the lower BB but did not close below it thus allowing the trade to continue to be valid. About your second comment not sure what do you mean. But in any case once the rules have been met you enter the trade at the price above the short term high and then place the stop below the lowest low. Hope this helps clear up the strategy.
Sir, should I choose the stocks those who have higher daily volatility ( let's say minimum daily volatility is above or equal 2percent)? Thanks in advance
Steve, What happens in these cases;1. if we don't get a short term pivot high after establishing five candles above the high bb and the stock is moving higher each day. 2. Short term pivot high was established between the first three candles but the forth and fifth are higher than the pivot high.
Hello, in the case on 1. you could take the latest high as the point of reference. This is an advanced technique because in a way you will be chasing the stock, so be mindful of how much the stock has gone up. 2. In this case the pivot high is not in the first three bars because we are looking for a pivot high formed during the last 5, so the highest bar could be the 4th or 5th which will put you in the same situation as number 1.
+Pro Trader Strategies, If all signals for buy position are confirmed as detailed, and a buy position is taken, In case where price touches the bb and closes below any of the line, this is assumed to occur before the 200% movement. do we close the trade or leave it
+gabriel olayiwola To answer the question, the price bars are only required to stay above or close above the bollinger bands in order to establish an entry set-up. Once we are in the trade, the relationship between price and the BB indicator is not that much of a concern to us. We would always suggest to protect profits by moving one’s stop to unchanged as price travels closer to the exit level. And it is our policy to ALWAYS paper trade the method before applying actual funds to the market.
@Pro Trader Strategies, If all signals for buy position are confirmed as detailed, and a buy position is taken, In case where price touches the bb and closes below any of the line, this is assumed to occur before the 200% movement. do we close the trade or leave it
+gabriel olayiwola To answer the question, the price bars are only required to stay above or close above the bollinger bands in order to establish an entry set-up. Once we are in the trade, the relationship between price and the BB indicator is not that much of a concern to us. We would always suggest to protect profits by moving one’s stop to unchanged as price travels closer to the exit level. And it is our policy to ALWAYS paper trade the method before applying actual funds to the market.
Rule of thumb, stick to one time frame. The circumstance you mention is common on strong trends, the bigger time frame is the one that rules, so instead of trading counter trend, wait for pullbacks to trade in the direction of the bigger trend. Strategy #4 will help you with this concept.
At minute 15 the description seems to be a 5 bar pattern, but the example at minute 25 shows a three bar pattern. I’ve also seen other explanations of this strategy that say it could be a 3 or 5 bar “inverted V” shaped pattern.
Just off of past observance I would say yes, a 5 bar short term pivot high has generated more bars and therefore more resistance than a 3 bar. It stands to reason simply because there is more activity at that level. But having said that, this is just my personal opinion and there are no stats to justify this. Therefore when trading this technique, I will take trades based off both 3 and 5 bar pivots...it makes no difference to me as I have found both to be highly consistent when applied this way. Have a great day, Steven
I've written a little script that finds the pattern in data I'm downloading from a web service. I've found the 3 bar pivot will sometimes give me more recomendaions than I can manage. I think I'll keep the 3 bar pivot and work in some kind of Money Flow Index calculation. Thank you for your help! I can't wait to get this up and running and start trading it. Thanks for all you do! Tim
This presentation was fantastic and I appreciate the goal of teaching anonymity. My question is that now that I understand how to spot trends where should I look? I’ve been looking at stock charts all day and I can’t seem to find anything that resembles the parameters for this strategy. Thanks again.
I have opened my bollinger band settings on my MT 4 platform but I could not see such features ➡️Upper Band Deviation=+2, so as Lower Band....I only can see “Period, Shift, Deviations ( there is no Upper & Lower)...
Pro Trader Strategies I got following settings on my BB period: 20 shift: 0 deviations: 2.000 apply to: Close Levels: 0 style: So do you mean in deviations I need to put 0.382 instead of 2.000? ⬇️ deviations: 0.382 Thanks
Thanks for the video steven. Your mentoring is second to none. Your videos have helped me become more consistent in my trades. I thank you for that. I have a question about this video - does it work on forex and crypto?
Hello Steven, I have a question. Can the pivot bar be the first bar in the 5-bar sequence? In other words, if the first bar that appears above the top or below the low B. band represents a valid pivot bar in its own right, can we say it can act as a bar to calculate the point of entry? or the rules are more strict and the pivot bar must not be the 1st in the sequence?
I think this strategy is awesome. Is there a way to screen for this setup automatically, I am spending hours manually searching trending stocks? Very few have the setup which means I am trading only a couple stocks.
Hello William Beach, for TradeStation we can install Radar Screen along with the add on. I think it will be a great idea if you contact us and a consultant will explain further. 310 598 6677.
I am looking into your info. One quick question about this strategy. Where do you place your stop when there isn't a short term pivot low to the left but it crossed the entry price? Would it be set at the initial uptrend?
william Beach we have now a great video with 5 Exist Strategies www.protraderstrategies.com/2016/08/31/video-steven-primo-five-exit-strategies-that-will-change-the-way-you-trade/ When you become a member you can come to Live videos with Steven Primo and ask him more questions.
Although we do not educate on those markets, in the past our members have reported that (once again) Strategy #4 works the best in terms of generating signals in any time frame and in any market.
Pro Trader Strategies i was talking about the setting of upper/lower band you mentioned in your video. +.382 and -.382 dont know how to enter these in Android... anyway thanks for ur video it is so helpful 👍👍👍
+Yasser El-Prince Short Selling is a financial term that refers to selling a stock or futures because the expectation of the market is to the downside. You sell the stock first and then buy it if the expectation proved to be correct.
Hi, this strategy really works but it needs a bit of working to do in order to get some good profit. I use it with SO and BB 2.0 for more accuracy but doesen't work. May i ask for a simple tip? thank you
Hi, thank you for the answer ! I will do that but is there any other thing i can use to spot the winning trades from the losing? I'm really having a hard time with this. If you can't answer that, i understand and thank you, if you can answer, thank you again. Cheers !
The 50 Moving Average, make sure your pair is trending either up or down, you can easy see this with the MA trending up or down, buy in pullbacks within the trend. Last maybe you want to come to a live online webinar and as that question to Steven!.. Next webinar is on Wednesday 1 pm est tf141.isrefer.com/go/TradingTechniques/twitter/
Hi! I enjoy watching your educational video. I’m learning something here. I have a question, what if you have wicks that penetrate all bands and the 20ema/sma line downward BUT the CANDLE closed above the upper band? Than you.
Thank you very much Steven, great job! Quick question... do the Bollinger Bands have to be completely above the 50 SMA to go long and below the 50 SMA to go short? Thank you very much in advance and keep up the great work!
When markets are choppy, it is better to stay out of them until the trend has been defined, and remember as CNBC'S Jim Cramer says...There is always a bull market somewhere...
Im a fan of bolinger bands..I tried it on a demo account for 1 week and it works.
These strategies work .and I bilieve almost everyone will agree that simplicity is best of all
happen to see this strategy today.. will test it out.. thank you for helping traders.. good luck..
Looks promising on paper, thank you Steven! I'd suggest another rule to apply when considering a deal: don't enter if the projected P/L ratio is less than 2:1. This may improve statistical probability.
Dont we need to use Buy/Sell line that is 50 DSMA in trading this strategy..Also till how many days ther trade will be valid to enter?
Also m interested in strategy.. please reply pro traders strategies
50 DSMA is a good way to filter out the rubbish trades. use the buy/sell line to increase the odds of winning. well done
works amazingly well. I trade it on 5 min dollar pairs.
Sorry, but the bar number 1 on the first example is closing below the BB. The rules says that all 5 must close above. Am I missing something?
Can you tell us the minute on the video please..
always works perfect in courses. I did try it out and 4 of 5 trades got stopped out (SL set as per video) because they never reached the (as per video) 100% TP level. the remaining one would have made 300% though, if not TP set at 100% ...
Steve recommends using the 50 period SMA. I add this to rule 3A and it works a treat. Steve is a Don 🔥🔥🔥
We can check the strategy on the whole chart. So, AUDUSD weekly chart- the strategy did not work for the week mon 24th march. Nor did it work for the following weeks after this video ie. 22nd jun 2015, 29th feb 2016. If im wrong or reading it wrong, please could you correct me. Thank you
One important thing to understand is that a strategy not only includes entry points but also targets and stop loss, so if you had an entry point and then the market conditions change you will take a stop loss that is within the strategy. if the trend continues you apply the exit points and that too is within the strategy.
Does it work with 100% accuracy? It seems like after watching all your winning trades.
Hello, the system includes stop loss levels and money management.
can you tell pls,if we have pivot setup on 1st 4 candles and if 5th candle cross that setup so we have to wait for new pivot setup or we can just trade coz we have pivot setup on 1st 4?
Hello, the pivot high is then on the fifth candle, then if the 6th and 4th candles have lower highs then you confirm the 5th as the pivot hight and wait for the next candle to cross that price...
Hi, how can I incorporate the band settings on MT4?
Have not looked at mt4 in awhile but if it allows you to enter your own input instead of list choices on number of devs (standard set 2) you can just type in 0.362. It gives you narrow bands around the basis or a fat basis line (thickness depending on dev setting). I realize long time since your question but this might help someone if MT4 will work that way.
Hi, I use MT4. I use these settings. Go to indicators, then trend, then bollinger bands, in the deviation box just delete the settings that are there and input 0.382. job done. hope that helps
Interesing concept, I have questions:
1. Is there any rule to move the stop loss from the initial spot?
2. What is when you are le'ts say in the situation whene there were already 5 closes above the bb? You wait for the signal change? It's worth to mention that my trading TF is D1.
Hello,
1. To answer this question there is the Money Management Course but meanwhile you can watch a taste of it here: www.protraderstrategies.com/2017/03/30/steven-primos-five-exit-strategies-that-will-change-the-way-you-trade-march/
2. Can you tell us the minute on the video to address this question with precision.
Thanks..
At first thanks for responding to my message. Regarding point 1 I will checkout the video under the provided link. Regarding point number 2. There isn't any point in time in this video. This is what came to my mind. There is not any answer to that in the video, if it was I would not ask it. Let's assume the siutation for example: We are opening a trading platform whatever it is. You have all the indicators ther like the tweaked (so to speak) bolinger bands. You look at any market. Let's say that you se that it's trading above the bb. You count the candles and there were already toe five signal ones. In short there are 8 candles and one of them just broke out the 5 candle pattern. The question is what do you do next? You wait for the next five, after the one that broke out of the pattern? Or you maybe wait for the whole market to turn aroung under the bb bands.
@@rafakoscinski5319 i normally jump in if its made the pivot and broken it already. then calculate my target from when it broke the pivot and set the stop loss as steve said under the recent short term low/high
steven this strategy works amazingly...just have to follow the rules...thank you
Quinn Richards a12
Quinn Richards I'd like to learn, I don't know anything about options or how to play them
These strategies work work work they are so consistent .only ematures would say they don't work
will the Bollinger based on 50SMA better then 20SMA as on video ?
The settings for the Bollinger Bands is 20 and for the SMA is 50.
@@ProTraderStrategies ok, but one can set a Bollinger for 50ty as well + dv 0.382, I think it will work better then on 20ty
Another question, what if the first and second candle close above the upper BAND breaking a prior support or resistance?
Just a curious question....How did you come up with these BB settings?
Those are the secrets floor traders used to have..
@@ProTraderStrategies i think it is based on the golden mean/ phi. subtract the golden mean from 2 and we arrive at 0.382. the markets basically move in a spiral when they are trending but the platform can only display it in 2 dimensions, when in actuality everything moves in 3 dimensions and the settings allow it to be tracked.
What, no PETD? I’m shocked Steve, shocked.
Great Tutorial, you are a greate teacher. I have a question if you don't mind. Does this work on cryptocurrency as well? I tried but failed a couple times on the 5 min time chart. Maybe the wrong time chart? I am sure this works on stock markets pretty well, but I am not sure about cryptocurrency :x
This works in any time frame and any instrument, just understand that most strategies are for trending markets, so always look for one.
Can i use japanese candle sticks?
Yes,
This is quit impressive and simple bollinger bands principle.
Steve, Nice strategy. However, please explain why to use the BB with this strategy. How about just using 20 EMA/SMA and follow the same rules? As long as the candles close above or below the 20 MA then we should take long or short position. Any thoughts?
In general, if we were on a deserted island with one indicator to use, we will choose the buy/sell line. We like to stick to this one as time has demonstrated to be the best one.
hi,
earlier bollinger band stratergie #3A, we have 50 SMA marked. But in this video we don't have 50 SMA. could you confirm whether we have to mark 50 SMA or only bollinger band.
+MOHMAED ASHRAF To answer your questions, the conservative or basic version of #3A calls for all 5 bars to be above both the 50 sma and the highest BB (reverse for sells). But the more aggressive version (in today's webinar) only calls for all 5 bars to be above the highest BB. In fact we don't even plot the 50 sma.
Sir , i am from India , have little small queries that till fifth candle if we don't have any pivot high should we consider the high of fifth candle and trade immediately, will appreciate your response very much - Thanks
Yes, definitely
Many of us are quitting Twitter and moving to Parler. Why don't you start an account on Parler as well?
Not for now.
@ 23.11 time, even though we got 5 consecutive bar and a short term pivot high, the next bar touched the lower BB, shouldn't this negate the trend? Not sure what was the logic to enter the trade on that 211.06 & placed STOP at short term pivot low.
Can someone explain, please.
The bar you are talking about touched the lower BB but did not close below it thus allowing the trade to continue to be valid. About your second comment not sure what do you mean. But in any case once the rules have been met you enter the trade at the price above the short term high and then place the stop below the lowest low. Hope this helps clear up the strategy.
Sir, should I choose the stocks those who have higher daily volatility ( let's say minimum daily volatility is above or equal 2percent)? Thanks in advance
That is something that you will have to decide, once you decide our entry points may help achieve more consistent results.
Nothing to do with fractals and/or alligator right??? 😒
Steve, What happens in these cases;1. if we don't get a short term pivot high after establishing five candles above the high bb and the stock is moving higher each day. 2. Short term pivot high was established between the first three candles but the forth and fifth are higher than the pivot high.
Hello, in the case on 1. you could take the latest high as the point of reference. This is an advanced technique because in a way you will be chasing the stock, so be mindful of how much the stock has gone up. 2. In this case the pivot high is not in the first three bars because we are looking for a pivot high formed during the last 5, so the highest bar could be the 4th or 5th which will put you in the same situation as number 1.
+Pro Trader Strategies, If all signals for buy position are confirmed as detailed, and a buy position is taken, In case where price touches the bb and closes below any of the line, this is assumed to occur before the 200% movement. do we close the trade or leave it
+gabriel olayiwola To answer the question, the price bars are only required to stay above or close above the bollinger bands in order to establish an entry set-up. Once we are in the trade, the relationship between price and the BB indicator is not that much of a concern to us. We would always suggest to protect profits by moving one’s stop to unchanged as price travels closer to the exit level. And it is our policy to ALWAYS paper trade the method before applying actual funds to the market.
@Pro Trader Strategies, If all signals for buy position are confirmed as detailed, and a buy position is taken, In case where price touches the bb and closes below any of the line, this is assumed to occur before the 200% movement. do we close the trade or leave it
+gabriel olayiwola To answer the question, the price bars are only required to stay above or close above the bollinger bands in order to establish an entry set-up. Once we are in the trade, the relationship between price and the BB indicator is not that much of a concern to us. We would always suggest to protect profits by moving one’s stop to unchanged as price travels closer to the exit level. And it is our policy to ALWAYS paper trade the method before applying actual funds to the market.
What would happen if in one time frame the market is indicating buy and in another time frame it is indicating sell? What time frame should we follow?
Rule of thumb, stick to one time frame. The circumstance you mention is common on strong trends, the bigger time frame is the one that rules, so instead of trading counter trend, wait for pullbacks to trade in the direction of the bigger trend. Strategy #4 will help you with this concept.
I love it! One question though. Is a 5 bar short term pivot high a stronger signal than a 3 bar short term pivot high?
Can you tell us the minute you are looking at on the video ?
At minute 15 the description seems to be a 5 bar pattern, but the example at minute 25 shows a three bar pattern. I’ve also seen other explanations of this strategy that say it could be a 3 or 5 bar “inverted V” shaped pattern.
Just off of past observance I would say yes, a 5 bar short term pivot high has generated more bars and therefore more resistance than a 3 bar. It stands to reason simply because there is more activity at that level. But having said that, this is just my personal opinion and there are no stats to justify this. Therefore when trading this technique, I will take trades based off both 3 and 5 bar pivots...it makes no difference to me as I have found both to be highly consistent when applied this way.
Have a great day,
Steven
I've written a little script that finds the pattern in data I'm downloading from a web service. I've found the 3 bar pivot will sometimes give me more recomendaions than I can manage. I think I'll keep the 3 bar pivot and work in some kind of Money Flow Index calculation. Thank you for your help! I can't wait to get this up and running and start trading it. Thanks for all you do!
Tim
@@ttatum Any luck on ur script?
This presentation was fantastic and I appreciate the goal of teaching anonymity. My question is that now that I understand how to spot trends where should I look? I’ve been looking at stock charts all day and I can’t seem to find anything that resembles the parameters for this strategy. Thanks again.
Keep on looking, it's there.
this guy is the real men real style guy! I guess this is how he started to make money. From UA-cam I mean.
Short term pivot high/low is a Fractal :-) it's much quicker to say and understand
what kind of chart do you use in this strategy? can you use candle sticks chart?
You can use candlesticks, barchart or even renko charts.
Second queries, at my trading system don't have 0.382 set for BB can we use 0.400 set up , awaiting for your response,
Which system do you use? The method is with 0.382.
@@ProTraderStrategies Sir i am from India using ZERODHA KITE platform.
why not trade just with 20 MA ?
+Gerben van Goozen It is too sensitive to changes in the trend and experience shows that 50MA generate more consistent results.
I think what he asked if it's better to trade just with 20 sma compared to bb
nice question, I think this strategy is a fluke.
You need the deviation bands to determine a negation of the set up. It sorta a safety feature.
does your course work for binary options traders?
It's simply super , thnk for learning
Keep watching
Used this strategy for my last 10 trades. Failed 8 out of 10 times. Good luck with all your traders, suckers! Don't get rekt.
Mister F. If you can post charts of your trades so we can see where you may have gone wrong.
@@blockchainbrett2978 How? UA-cam does not allow images in comments.
Sir you explained very well
I have opened my bollinger band settings on my MT 4 platform but I could not see such features ➡️Upper Band Deviation=+2, so as Lower Band....I only can see “Period, Shift, Deviations ( there is no Upper & Lower)...
Apply the settings to Deviation, it will work for both upper and lower BB.
Pro Trader Strategies I got following settings on my BB
period: 20
shift: 0
deviations: 2.000
apply to: Close
Levels: 0
style:
So do you mean in deviations I need to put 0.382 instead of 2.000? ⬇️
deviations: 0.382
Thanks
@@danielguo1033 yes. put 0.382 in the deviations box
Thanks for the video steven. Your mentoring is second to none. Your videos have helped me become more consistent in my trades. I thank you for that. I have a question about this video - does it work on forex and crypto?
Because those markets have trends, it works very well.
Thanks Steve for the information, but does this strategy work in forex?
Yes, it does.!
Hello Steven, I have a question. Can the pivot bar be the first bar in the 5-bar sequence? In other words, if the first bar that appears above the top or below the low B. band represents a valid pivot bar in its own right, can we say it can act as a bar to calculate the point of entry? or the rules are more strict and the pivot bar must not be the 1st in the sequence?
For beginners it has to be strict, if you are a bit more aggressive you can modify it without losing its core.
Thank you!
can you use candles stick for this strategy?
yes..
I think this strategy is awesome. Is there a way to screen for this setup automatically, I am spending hours manually searching trending stocks? Very few have the setup which means I am trading only a couple stocks.
Hello William Beach, for TradeStation we can install Radar Screen along with the add on. I think it will be a great idea if you contact us and a consultant will explain further. 310 598 6677.
I am looking into your info. One quick question about this strategy. Where do you place your stop when there isn't a short term pivot low to the left but it crossed the entry price? Would it be set at the initial uptrend?
william Beach we have now a great video with 5 Exist Strategies www.protraderstrategies.com/2016/08/31/video-steven-primo-five-exit-strategies-that-will-change-the-way-you-trade/
When you become a member you can come to Live videos with Steven Primo and ask him more questions.
Really appreciate this, learned a lot!
thanks
Can I used your strategy in binary option?
Although we do not educate on those markets, in the past our members have reported that (once again) Strategy #4 works the best in terms of generating signals in any time frame and in any market.
How to set bb setting on mt4 on Android???
It would probably be on a settings option for your BB but better ask your broker. This is a popular indicator, they should know.
Pro Trader Strategies i was talking about the setting of upper/lower band you mentioned in your video.
+.382 and -.382 dont know how to enter these in Android... anyway thanks for ur video it is so helpful 👍👍👍
Thanks so much
No sound ?
thank you Steve
Do this work for forex as well?
Steven Primo's strategies work in any market and any time frame.
hi, why 5 closes ? 3 closes enough ı think !
5 closes will denote a stronger tendency.
time frame ?
Don't understand the gain in the down trend !!
How do you buy high and sell low?
+Yasser El-Prince Short Selling is a financial term that refers to selling a stock or futures because the expectation of the market is to the downside. You sell the stock first and then buy it if the expectation proved to be correct.
@@ProTraderStrategies in your example you buy high and then you sell at the lower price. I think there is no gain on that.
THANK YOU SIR.VERY INFORMATIVE
Hi, this strategy really works but it needs a bit of working to do in order to get some good profit. I use it with SO and BB 2.0 for more accuracy but doesen't work. May i ask for a simple tip? thank you
i trade forex, btw
Steven do no use different settings for the BB as shown in the video.
Hi, thank you for the answer ! I will do that but is there any other thing i can use to spot the winning trades from the losing? I'm really having a hard time with this. If you can't answer that, i understand and thank you, if you can answer, thank you again. Cheers !
The 50 Moving Average, make sure your pair is trending either up or down, you can easy see this with the MA trending up or down, buy in pullbacks within the trend. Last maybe you want to come to a live online webinar and as that question to Steven!.. Next webinar is on Wednesday 1 pm est tf141.isrefer.com/go/TradingTechniques/twitter/
Thanks for the tip ! Appreciate it. 1 pm GMT ?
Hi! I enjoy watching your educational video. I’m learning something here. I have a question, what if you have wicks that penetrate all bands and the 20ema/sma line downward BUT the CANDLE closed above the upper band? Than you.
Thank you very much Steven, great job!
Quick question... do the Bollinger Bands have to be completely above the 50 SMA to go long and below the 50 SMA to go short?
Thank you very much in advance and keep up the great work!
For Strategy #3A, the BB do not need to be above the 50 MA but the entry price should.
We have this eBook, that include examples of Strategy #1, #2, and #3.
tf141.isrefer.com/go/SPSecrets2-eBook/instagram/
@@ProTraderStrategies 9
all are trending market only, what about oscillating market?
When markets are choppy, it is better to stay out of them until the trend has been defined, and remember as CNBC'S Jim Cramer says...There is always a bull market somewhere...
spoiled my time.