Progress of a kind. Since I started watching your channel, I no longer use indicators. Buying low and selling high resonates so deeply with me- because of a few real estate transactions I did years ago (BADLY) I get the big picture and the philosophy 100% The hard bits are the timing windows & numbers.
Stacey - Can you give a simple definition of what constitutes a peak formation high/low. Can it be defined by one candle being engulfed by a following or is it more than that. I see some candle formations that may be peak formations but you seem to ignore those as not relevant. Appreciate your work.
HI Stacey! Thanks for constantly reviewing the sessions of every week. Highly appreciated!! P.s. What do you think of the new ASIC new regulation (to be implemented 29th March 2021) that reduces retail traders leverage from 1:500 max to 1:30 max? Will it affect you in anyway especially your trading profits? Cause in your previous videos, we do talk about scaling up. Let me know what you think. :)
I heard about that too. Isn't that going to effect us immensely. Does it mean you'll have to have a large account to get started? I really hope I'm wrong. If so, a lot of Aussie traders will be using brokers overseas...
Yes eternal focus. In context, you only need 200$ to trade 1 lot. But once the new ASIC regulation kicks in, you'll need $3,333 for 1 lot trade. $3,333/200= 16.6. This means u ll need atleast 17 times the initial capital just to trade 1 lot. :(. 1 lot only gives u 10$/PIP.
Thanks Stacey Gold was a cracking trade based on your teaching. Using the higher time frames can indeed be very useful in determining exit point. Certainly was in this case. 👌
10:35 needs to be review over and over again to understand entry's, reversals , those pointers needs to be crystal clear in your mind. Thank you Stacey.
Hi Stacey, first important thing is to thank you for all the great videos you have made so far. They have definitely help me in my trading. I have been trading for many years now and have been using EMA 50 and EMA 200. I don't see you using them though. Important question: Are they needed?
Once you get use to reading charts, u dont really need ema to know the direction of trend. What is seen in EMAs is just a reaction from the price action hence causing the lags in our entry. The banks know that we use all these indicators. So normally when u go in with those trades, if you ignore the price actions taught by Stacey, that is where the banks use that information to their advantage to stop hunt you. Btw talking about Emas, not sure if youve heard of hull moving average. Just UA-cam search for hma indicator. 😉. Personally its less lag compared to ema.
I agree with Alastair. I used to put EMAs on my charts, but decided to remove them after watching Stacey's videos. I finally understood the potential of yesterday's H/L, round numbers, and especially the timings. I also realized that EMAs lags my entries, hence i dont use them anymore.
Just got 80 pips off the 8:00 candle in and out thank you Stacy. Was watching this around 7:45 looked at the charts got in took profits before I finished the video 🤣😂I’m loving this knowledge bro 💪🏾👍🏾🙏🏾👨🏽🎓
Hi Stacey I’m glad to see you again you give us brilliant examples on the market I’ve got one question: wasn’t that big move on Gpb/Usd because of Brexit news during the weekend and then London open in negative directions? One more thanks for helping us understanding the market !!
Thank you Once Again Stacey ! You keep showing up for us. You are the best indeed. Now with opportunities outside both sides of the box are you more focused on trading with the trend? What aspects would make you confident in taking the counter trend trade? Thanks from ATL, Georgia
Hey Stacey, so I could be wrong but it took me a while to recognize the high and low of the day, particularly because I hear you say the again session first, but its different for different ppl across the world, the 1st session to start the day in the US is the London session and the again is the last. Am I viewing this correctly
Progress of a kind. Since I started watching your channel, I no longer use indicators. Buying low and selling high resonates so deeply with me- because of a few real estate transactions I did years ago (BADLY) I get the big picture and the philosophy 100% The hard bits are the timing windows & numbers.
Great Teaching Stacey. My Trading has improved tremendously. Bless you Sir
Watching old videos because I always find value in them🤝
Hey stacey! don't leave us ok? glad to have you back, and thanks for having us.
Please stay with us Stacey
I agree! Best mentor ❣️
Stacey - Can you give a simple definition of what constitutes a peak formation high/low. Can it be defined by one candle being engulfed by a following
or is it more than that. I see some candle formations that may be peak formations but you seem to ignore those as not relevant. Appreciate your work.
HI Stacey! Thanks for constantly reviewing the sessions of every week. Highly appreciated!! P.s. What do you think of the new ASIC new regulation (to be implemented 29th March 2021) that reduces retail traders leverage from 1:500 max to 1:30 max? Will it affect you in anyway especially your trading profits? Cause in your previous videos, we do talk about scaling up. Let me know what you think. :)
I heard about that too.
Isn't that going to effect us immensely. Does it mean you'll have to have a large account to get started? I really hope I'm wrong. If so, a lot of Aussie traders will be using brokers overseas...
Yes eternal focus. In context, you only need 200$ to trade 1 lot. But once the new ASIC regulation kicks in, you'll need $3,333 for 1 lot trade. $3,333/200= 16.6. This means u ll need atleast 17 times the initial capital just to trade 1 lot. :(. 1 lot only gives u 10$/PIP.
I saw the 3 push up and 3 push down during NY's equities hour on the 5 minute.
Awesome review of GU. I got intimidated at the open with the move down. Could you review GA for monday and Tuesday? Thanks
Thanks Stacey Gold was a cracking trade based on your teaching. Using the higher time frames can indeed be very useful in determining exit point. Certainly was in this case. 👌
A grateful Thank-You for teaching us new skills.
10:35 needs to be review over and over again to understand entry's, reversals , those pointers needs to be crystal clear in your mind. Thank you Stacey.
Excellent!! thank you!
Thanks Stacey!
Your clutch I finally understand your 12 candle method.
I still don't understand, hope I do after this video though
This is a Great video Thanks you!!
Legend
Do these concepts also apply to crypto pairs?
No idea Jimi I don't trade crypto.
Hi Stacey, first important thing is to thank you for all the great videos you have made so far. They have definitely help me in my trading. I have been trading for many years now and have been using EMA 50 and EMA 200. I don't see you using them though. Important question: Are they needed?
Once you get use to reading charts, u dont really need ema to know the direction of trend. What is seen in EMAs is just a reaction from the price action hence causing the lags in our entry. The banks know that we use all these indicators. So normally when u go in with those trades, if you ignore the price actions taught by Stacey, that is where the banks use that information to their advantage to stop hunt you. Btw talking about Emas, not sure if youve heard of hull moving average. Just UA-cam search for hma indicator. 😉. Personally its less lag compared to ema.
@@pigslayer94 Thanks. Yes, I've heard of HMA and used it before.
How do I use an inside bar to indicate when I should take the trade? Thanks for your teachings brother😊🙏🏽💯
I agree with Alastair. I used to put EMAs on my charts, but decided to remove them after watching Stacey's videos. I finally understood the potential of yesterday's H/L, round numbers, and especially the timings. I also realized that EMAs lags my entries, hence i dont use them anymore.
Just got 80 pips off the 8:00 candle in and out thank you Stacy. Was watching this around 7:45 looked at the charts got in took profits before I finished the video 🤣😂I’m loving this knowledge bro 💪🏾👍🏾🙏🏾👨🏽🎓
Hi Stacey I’m glad to see you again you give us brilliant examples on the market I’ve got one question: wasn’t that big move on Gpb/Usd because of Brexit news during the weekend and then London open in negative directions?
One more thanks for helping us understanding the market !!
Come on Stacey you must of read my mind today. Talk to em Stacey!!!!!!
Stacey is awesome explaining sometimes I feel like he is talking to me personally lol.
Infinite Gratitude !! Stacey Burke for your Precious content. 🙏
You are so welcome Parag! Thank You!
Hey guys do you have a group chat on telegram or discord that specifically discuss stacey's 50 pips a day method, so a beginner can learn
He doesn't... if not, I'll be the first to join.. haha...
Let's start one
@@danielrodriguez9778 agree!
@@riski8349 message me @xmrcharles and I'll invite you
@@danielrodriguez9778 Send details Please. That'd be Great!!!
Hello sir. Have you used peak formation indicator?
10:08 💎💎💎💎💎 SB dropping some!
Stacy, how do I make sure its a brake out GBPUSD sell, yes it broke out but usualy the price comes back
Thank you Stacey, you are the best teacher with the best discipline. I appreciate
We call him coach Stacey
Thank you Once Again Stacey ! You keep showing up for us. You are the best indeed. Now with opportunities outside both sides of the box are you more focused on trading with the trend? What aspects would make you confident in taking the counter trend trade? Thanks from ATL, Georgia
malik where are you? you should be here with us.
I'm still here you can't get rid of me even tho that's a good thing
I'm still here I'm just occupied studying inchimoku could sorry I got a habit of learning I'm been in this since April 2020
An oldie but goldie
Thank u 4 everything 💖
Absolutely love your videos and your knowledge Stace. You know your stuff. Keep it up. Happy Xmas. Bless 👊
I appreciate that Sergio! Cheers mate!
I'm sending out search and rescue on Malik, where is he?!!
Mr. Freeze! :D
Stacey! you are THE best, thankssss again always for your energy!
What time frame is Stacey using
Thanks Stacey - great overview.
I like how you mention the quarter points
Excelent Video Stacy¡¡¡
You lost me in the first few minutes
Thank you, Stacey. You are a Star!!! 🌟
Thanks once again Stacey
Great video!!
Hey, Stacey!!
Hey Stacey, so I could be wrong but it took me a while to recognize the high and low of the day, particularly because I hear you say the again session first, but its different for different ppl across the world, the 1st session to start the day in the US is the London session and the again is the last. Am I viewing this correctly
* I hear you say the Asain session 1st....
The 24 hour day starts with Asia Tone. The NY close charts are the ones you want to use.
Oooo Because the market closes at 530 which starts the next trading day. Not the next date! Ok 👌