Better than RSI is MFI..Money Flow Index. MFI is based on volume AND price. It gives clearer divergence signals. It is roughly equivalent to the market delta consideration. Also..two candles before your hammer candle is the candle I use..the doji at the bottom or top. Fill that doji top wick long and you've got your trade upwards. The doji fill is the key for me.
Hi I am from India, I must say you are a great mentor..enjoyed your video and learn a lot from your videos..and today what you told about LT and WT just. Open my mind...Big thank you and hope you do great in life...
I avoid getting stopped out by using buy stops or sell stops on reversals. If I am looking to buy. I look for a pattern forming like double bottom or or reverse head and shoulders. I put my buy stop above the wicks of red candles not green as the pattern is being formed or half completed while keep move the buy stop lower and lower as I see wicks form from new candles. Put my stop below the pattern. I also use 20 ma and if I see a pattern already completed you place your buy stop above the 20 ma if the price is currently hugging it below and with a wick pushing downwards.
Glad to see your channel doing well. The content of this video reminds me of the old adage, "you can lead a horse to water, but you can't make it drink". I'm the horse. Thirsty as hell. Been led to a river many times. I take only sips water and leave, still thirsty. Only a matter of time before I die of dehydration.
Following you for last few years Sir. You are amazing personality and great educationist in the field. Thanks a lot for everything you are providing to entire community.
Best strictly to the point video I have seen so far. Simple, concise and a great guidline for reversal traders. I am a total reversal trader no matter how I try to fight it.
Best video ever ..... for those who are confused thinking this doesnt make sense or it is difficult .... just go to the guys tutorial about how to use RSI and come back you'll thank me later
@@oumaimaoumaima8743 I learned how to trade only through UA-cam from this awesome trader Steve. I just started tho. And I'm hitting my target. So, it's very possible to learn frm UA-cam.
Mark a trend line off first two swings of a trend and draw the corresponding trend channel line. When the trend line breaks, there will be an attempt, which is usually successful, to put in a new extreme. After that, look for a reversal pattern above an EMA on your chart. I use a 20 EMA. The reversal should be a strong push through the EMA ...enter on the 2nd failure to resume the previous trend. No indicators needed...just price action. If you don't get the reversal, you'll get a sideways correction with a likely resumption of the trend....these corrections can last a llllooonnnngggg time, so be patient.
It is all emotion guys ,i manage to follow these rules to the exact and the first 10 trades i won 3 and lost 7 .It is very different living the results in real time.You need to push pass and dont give up.Imagine i have been watching loads of videos the past 2 years about psycology the importance of sample sizes and how short term negetive results can effect your motivation and start self doubt and the eagerness to want to move to another strategy,And still even watching countless hours and warned about this aspect of trading the emotional aspect is overwelming (my grammar is trash i know ,thank you).Try push for 100 trades before making any conclusion (even that is not a large sample but it is a start) .I have backtested a startegy for around 3,000 trades and and is profitable and i still cant manage to stick to it .
Hi Steven, one question, how you manage waiting.? 1: After you take entry, what u do? Just close laptop and go? 2: after your first trade, how do u wait for the next opportunity? 24 hours in front of computer? Please explain.
10:47 This is a risky counter trend trade for a beginner.... NEVER GO SHORT ABOVE THE MOVING AVERAGE. 14:15 The rule is never counter trend trade..... Always trade with the trend.
Started fallowing you, your videos are simple to fallow and understand. I'm new to day trading and hoping to get the hang of it so I can start trading. Keep those videos coming!!
As long as i'm profitable this week and so far i am it will make 6 out of the last 7 weeks,(personal Record). It's all thanks to you and Rayner Teo. I just wanted to say thanks if you see this. And to any new traders watching, When he talks about risk management he ain't friggen kidding. it's SIGNIFICANTLY more important than anything else. hopefully you wont have to learn that lesson too many times.
You're the best lecturer on youtube I've learnt a lot from you thank you so much, I don't know if your TTC trading course work for people not trading forex
Best thing you can do is learn pine script and write all frecking info in it. Then form strategy entries,. Then backtest. Voila No more mindset involved, welll not entirely, but its a start
And your second trade downward also had a doji at the top that had it's lower wick broken downwards which is where the real long down trade started. Check it out.
Hats off to u bro. Your way of teaching is very simple than other i improve my all mistakes to following your trading tips thanks a lots god bless u always. U r genius bro
I don't fully follow. When he went to the lower TF in the example and said that he has also found the oversold RSI he was looking for, the oversold period was about 30 candles ago. RSI was about 50 on the current candle. Has anyone traded this strat that can confirm the rules around the RSI?
Hi I’m really appreciate your work and I correct my mistakes after I watched your video and then do you create any course about price action based course if yes please let me know I have more interest to learn more about market thanks u
Hi Steven Just wana say Thank you so much from my heart you help me alot and from your vedio i learned alot You are the best teacher from UA-cam i wish one day i can say thank you in face to face
I always get excited everytime you post a new video. Back then I was consistently losing money everytime I place a trade and then I saw your break and re-test with 20 EMA and backtested it for 1year per pair and then I was shocked by the result and then I applied it in my live account and right now I am seeing some improvements. I've been a mentor-less ever since I started trading and all I did was watched your videos infact I even implemented your CEST on all my trades. Hoping to see some more free high quality content from you in the near future.
Better than RSI is MFI..Money Flow Index. MFI is based on volume AND price. It gives clearer divergence signals. It is roughly equivalent to the market delta consideration. Also..two candles before your hammer candle is the candle I use..the doji at the bottom or top. Fill that doji top wick long and you've got your trade upwards. The doji fill is the key for me.
Am fortunate enough to discover this channel out of thousands of utube channels offering trading tutorial.
Thank you Mr. Steve
Hi I am from India, I must say you are a great mentor..enjoyed your video and learn a lot from your videos..and today what you told about LT and WT just. Open my mind...Big thank you and hope you do great in life...
I avoid getting stopped out by using buy stops or sell stops on reversals. If I am looking to buy. I look for a pattern forming like double bottom or or reverse head and shoulders. I put my buy stop above the wicks of red candles not green as the pattern is being formed or half completed while keep move the buy stop lower and lower as I see wicks form from new candles. Put my stop below the pattern. I also use 20 ma and if I see a pattern already completed you place your buy stop above the 20 ma if the price is currently hugging it below and with a wick pushing downwards.
great teacher. I have spent alot of money on this same information you just gave. Thank you.
Glad to see your channel doing well. The content of this video reminds me of the old adage, "you can lead a horse to water, but you can't make it drink". I'm the horse. Thirsty as hell. Been led to a river many times. I take only sips water and leave, still thirsty. Only a matter of time before I die of dehydration.
LOL
Following you for last few years Sir. You are amazing personality and great educationist in the field. Thanks a lot for everything you are providing to entire community.
Very well done video, Easily explained and easy to understand
Mad respect to Steve and his awesome teachings Mehn lots of love and respect from young traders in Kenya east Africa 🇰🇪🇰🇪🇰🇪
Earned 5k Indian rs first time in my trading career just got possible because of you Steven love you 3000
Bro just made price action even easier
possibly... one of the top 5 most informal channels pertaining to valuable information and knowledge, that I know of.
Thank you dude for be so unselfish and wanting others to succeed!
Really blows my mind watching your videos, great stuff
Thanks for all you do for the community. You are a great teacher, and you simplify information
I have been an LT but with your tutoring from this vid, i believe i will be a PT with God's Blessings.
Thanks
Good teaching. Keep it up, sir
Best strictly to the point video I have seen so far. Simple, concise and a great guidline for reversal traders. I am a total reversal trader no matter how I try to fight it.
Great explanation and in-depth video
Steve's videos are some of the BEST videos I have seen online.
This is for anyone looking to trade with a true trading system in place!
Love this guy, he explains well and simply
I always learn something with you, great video. Thanks!
Boss man you are the best I have ever seen on UA-cam infact you are the greatest of all time
You are a great trader as well as a great teacher. You are a diamond❤
i always watching your videos it is a big help for my technical analysis i wish you make a videos about foundemental analysis too 😄
Hi Steven, I have been using your videos for about 2 months now and you have helped me heaps mate. Thankyou for all that you do.
Excellent video great job explaining this im gonna try this out
Best video ever ..... for those who are confused thinking this doesnt make sense or it is difficult .... just go to the guys tutorial about how to use RSI and come back you'll thank me later
Thank you. Excellent training series!
Shout out from Mr. Losing Trader's Brain. OTA messed up our trading with silly foundations. This is all so new. Thank you
I fully agree with you about the losing traders brain and profiting traders brain✌️
Great teaching as always👍🏾
This is awesome Steve! I'm beginning to win more of my trades since I started following your content...Thank you
Please can I learn trading just by following youtube channels or it is necessary to take courses??
@@oumaimaoumaima8743 utube videos + must read books about trading +practice with small account.
@@smallcirclesyts thanks
Pls take a course..
Not UA-cam at all
UA-cam serves as your aftertaught course
@@oumaimaoumaima8743 I learned how to trade only through UA-cam from this awesome trader Steve. I just started tho. And I'm hitting my target. So, it's very possible to learn frm UA-cam.
Love this channel!
Hello. You just spoke about everything am doing wrong. Taking profit early, changing stop losses. Risking alot etc.
Your really great and I love watching your videos
Fantastic way of teaching thank you
This is GOLD. Thank you TTC
Amazing Explanation... - India 🇮🇳
Mark a trend line off first two swings of a trend and draw the corresponding trend channel line. When the trend line breaks, there will be an attempt, which is usually successful, to put in a new extreme. After that, look for a reversal pattern above an EMA on your chart. I use a 20 EMA. The reversal should be a strong push through the EMA ...enter on the 2nd failure to resume the previous trend. No indicators needed...just price action. If you don't get the reversal, you'll get a sideways correction with a likely resumption of the trend....these corrections can last a llllooonnnngggg time, so be patient.
Wonderful. God bless you!
I don't get it
Pure price action trading i like that. I also use the 20 EMA. I would like to see this trade in action,it looks interesting
@Frangucci Trend lines are lines you draw yourself, the candles highs or lows depending on direction, will line up with the trend lines you draw
trend lines are imaginary things 🙄
You are our great teacher dear God bless you
Thanks!
It is all emotion guys ,i manage to follow these rules to the exact and the first 10 trades i won 3 and lost 7 .It is very different living the results in real time.You need to push pass and dont give up.Imagine i have been watching loads of videos the past 2 years about psycology the importance of sample sizes and how short term negetive results can effect your motivation and start self doubt and the eagerness to want to move to another strategy,And still even watching countless hours and warned about this aspect of trading the emotional aspect is overwelming (my grammar is trash i know ,thank you).Try push for 100 trades before making any conclusion (even that is not a large sample but it is a start) .I have backtested a startegy for around 3,000 trades and and is profitable and i still cant manage to stick to it .
Hi Steven, one question, how you manage waiting.?
1: After you take entry, what u do? Just close laptop and go?
2: after your first trade, how do u wait for the next opportunity? 24 hours in front of computer?
Please explain.
best teaching i ever found.god bless u bro
My dream is to join your university OMG your my biggest Idol Bro
Awesome strategy, i also follow the same strategy , but something new from your channel. thanks
10:47 This is a risky counter trend trade for a beginner.... NEVER GO SHORT ABOVE THE MOVING AVERAGE.
14:15 The rule is never counter trend trade..... Always trade with the trend.
Started fallowing you, your videos are simple to fallow and understand. I'm new to day trading and hoping to get the hang of it so I can start trading. Keep those videos coming!!
Powerful stuff Steven !!!
As long as i'm profitable this week and so far i am it will make 6 out of the last 7 weeks,(personal Record). It's all thanks to you and Rayner Teo. I just wanted to say thanks if you see this. And to any new traders watching, When he talks about risk management he ain't friggen kidding. it's SIGNIFICANTLY more important than anything else. hopefully you wont have to learn that lesson too many times.
This guy is really impacting knowledge. God Bless you real good bro
Just lost money. Here to study and learn and hopefully mitigate those mistakes. Great content.
You're the best lecturer on youtube I've learnt a lot from you thank you so much, I don't know if your TTC trading course work for people not trading forex
You are amazing. God bless you Brother
best teacher so far
Simple yet powerful. Cheers from Istanbul...
This is awesome from You, Steve,. Thanks a million.
Very well explained, thank you 🙏🙏
Hello brother ... watching this video from india....i learned some technical skills from your video..... thanks for sharing your knowledge
Best thing you can do is learn pine script and write all frecking info in it. Then form strategy entries,. Then backtest. Voila No more mindset involved, welll not entirely, but its a start
Great channel you made my trading journey so sugary ❤️❤️❤️
Thanks man..... Your a PATRIOT!👍
And your second trade downward also had a doji at the top that had it's lower wick broken downwards which is where the real long down trade started. Check it out.
steven .thanks for the valuable insight ,you are a market wizard .merry christmas
Since I started watching your teachers bro I really feel blessed 🙏🙏🙏🙏🙏
Really liked this strategy, same trade I made good rewards last week.
For Risk management. What lot size is better to use when trading with a $1000 account.
Love all your contents.
Brilliant videos i am bran new to trading and you are amazing at simplifying things making the information really easy to take on board.
I always get inspired watching ur videos
Hats off to u bro. Your way of teaching is very simple than other i improve my all mistakes to following your trading tips thanks a lots god bless u always. U r genius bro
FIRE VID 🔥
Reached to the end.. Awesome 😍
I've been watching your videos for a while now and all are thoughtful but this one tops them all 👏🏻👏🏻👏🏻👏🏻
Good information
I will try it out !!
Great video, as always. 🙏🏽
I will backtest this strategy for 3 months and use it
I would add to the brain part, consistent routines. Journaling, forecast, reviews.
Wow one of the best channel I've seen on UA-cam I love your work ❤️ ✊🏽
He is fantastic
I don't fully follow. When he went to the lower TF in the example and said that he has also found the oversold RSI he was looking for, the oversold period was about 30 candles ago. RSI was about 50 on the current candle. Has anyone traded this strat that can confirm the rules around the RSI?
Thank you so much! your video's are so helpful 😄
Valuable advices and super strategy! Thanks for sharing,
Thank you! This was so helpful! how do you suggest we find reversals during all time highs and lows?
You are amazing man...thanks for great help!!
Dude your videos really help my trading 💥
Hi I’m really appreciate your work and I correct my mistakes after I watched your video and then do you create any course about price action based course if yes please let me know I have more interest to learn more about market thanks u
Hi Steven
Just wana say Thank you so much from my heart
you help me alot and from your vedio i learned alot
You are the best teacher from UA-cam
i wish one day i can say thank you in face to face
Steve the GOAT
Wallahi, this was great information Brother, thank you.
Man oh man have I strayed away from this amazing detail.. getting back to my rules!!! Well, Stephen's rules lol!
Great Trading Information ❗️👌
I always get excited everytime you post a new video. Back then I was consistently losing money everytime I place a trade and then I saw your break and re-test with 20 EMA and backtested it for 1year per pair and then I was shocked by the result and then I applied it in my live account and right now I am seeing some improvements. I've been a mentor-less ever since I started trading and all I did was watched your videos infact I even implemented your CEST on all my trades. Hoping to see some more free high quality content from you in the near future.
Do u have the link to the video u are referring to ?
This is am awesome testimony...
Fortunately am just discovering his videos. 20:15
At least you were consistent 🎉
sorry mate just kidding
This is really helpful 💯. Thank you.
Nice and precise video. Thanks.
How do you establish where OTZ begins and where it ends ?
Thanks a lot for the video - very edifying.
This is an awesome strategy. Thx for sharing? How are you finding stocks that hit this criteria to setup your screeners to identity stocks?
This is my goto strategy, amazing stuff!
Thanks very much 🙏
Your videos are so well said sir…. I would love to see a couple of your top cad pairs
I would heavily appreciate seeing those analysis’s