The Only Price Action Patterns You Need to Know
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- Опубліковано 2 чер 2024
- SMB's new scalping course (free) tinyurl.com/3rxaau9e
00:00 - The 3 Patterns
00:40 - Flags
01:48 - Pennants
03:48 - Wedges
#tradingpatterns #technicalanalysis #tradingstrategy
SMB Disclosures www.smbtraining.com/blog/smb-...
SMB's new scalping course (free) tinyurl.com/3rxaau9e
First, thanks for taking the time to make these vids.
In this particular one, I felt that it would have been more complete with some real life examples with a re-visit to identifying false breaks &/or entry points.
Cheers -
Thank you! Very straightforward and simple explanation. Well done!
Thanks for the insights ! Regarding the pole of the patterns , does the volume need to increase as the pole is forming ? e.g low volume pole that leads to the pattern . Also is there certain price ratio between the pole and the pattern ? eg if the pole is way too short or long
I’m not sure about the the flag , wouldn’t it be a slight downward trend towards the direction the stick is trading ? Not a slight upward trend towards the trend ?
Very interesting going to be paying attention to the formations from now on. Thanks for posting.
Thank you sir
Incredible descriptions. Are these all continuation plays or can they break to the downside and be reversals?
Awesome video! 😀 Can we get some charts to show price action supporting the drawings?
Hi SMB, I have a question: Do scalpers have to trade in alignment with the daily bias? Is the daily bias important for a scalper? If not: what should be a higher timeframe chart that a scalper should use as a reference? I hope you answer my question, thanks!
Not really as these are usually attached to a catalyst such as earnings, patent approval, etc.
Great Video!
Will you guys bring back equity tryout.
Excellent video
When you say higher tone frame, are you referring to 5, 10, 30 min?
Daily, weekly
EXCELLENT!
interesting video. I tried for years to trade these exact patterns. I was never able to achieve any level of CONSISTENT profitability in order for the juice to be worth the squeeze. I still to this day will notice them and track the results. And STILL..... the answer is always 50/50.
risk/reward ratio of 2 or more..... ;)
Awesome! thank you:)
You're welcome!
What time frame
IS the first one not a bear flag? So would be looking to sell the break of the lower, not buy the higg?
In my experience yes. Any of them can break in either direction but the first one usually sells off after buying exhausting.
Wow that’s a beautiful green screen so perfect 😂
can i use these to trade on 1 minute charts?
yes. 3-5 min might be a bit more reliable but 1min will work
Was just about to ask this question.
better to use daily charts
5:11 this, but also other flag pattern, are usually had a false breakout, trap some people, and go the real one
5:01 interesting
There seems to be some discrepncy between the actual shapes.
It seems like you are calling a wedge a penant. Possibly the editor mixing things up?
A wedge has symetrical look...a pennant has hard floor
Yuppppppp
wish i could show you guys how i trade my strategy is insane
Bro , make more videos on option topic
What about fvg?
What about it ? 😂😂😂
Worthless lmao 🤪
SMC nonsense
I heard a lfg dunno fvg
☦❤🕊
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with ‘’Natalie noel burns’’ and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
There are a lot of independent advisors you might look into. But i work with ‘’Natalie noel burns’’ and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Murphy states flags are generally pointing the opposite way of the trend. Pennants are symmetrical triangles, not wedge shape or descending triangle shaped. A lot of inaccurate information here. Take this video with a grain of salt
Potatooh potAtoe 🥔
@@jle92708 lol not really. An upslanting flag is bearish. Descending triangle is also a possible reversal signal in an uptrend, so this information is misleading
All these patterns are just consolidation after an initial trend, handy for setting SLs on your next entry. The resulting direction really doesn't matter on the shape of the consolidation, I've seen it go both ways so many times. Just look to the higher time frame trend or your alternate analysis for directional bias.
@@keidaniel8494 yes they can go any direction obviously but statistically the ones I describe continue with the prevailing trend assuming no strong resistance in longer timeframe, as you mentioned
please make a video about fair value gap
honestly i've seen all these gurus spewing out FVG like it's some godsend. IMO you can follow other patterns that are way easier to recognize.
lol no examples shown are you seroius
Get a charting program and look them up yourself?
He show multiple examples
@@fidellopez9314 He does. They are kind of like cartoon examples, but they are examples. 😀