SIMPLE FOREX TRADING - IDENTIFY PEAK FORMATION HIGHS AND LOWS
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- Опубліковано 12 вер 2024
- #daytrading #forex #forextrading #forextips #forexstrategy #simpleforextrading
SIMPLE FOREX TRADING - IDENTIFY PEAK FORMATION HIGHS AND LOWS
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01:40 the bigger box, structure
02:26 HOD/LOD of the real box
03:27 timing is critical
03:57 round numbers
04:15 12 candle window
04:40 price action
05:22 three pushes and "33"
06:18 risk reward
07:05 start explenations
14:10 if a session move more than 50 pips you get a trade
16:15 screenshot examples, GBPCHF
21:46 GBPNZD one of SB favorite setups
25:20 GBPUSD
There is no trash talk only pure knowledge in this video.thanks again steacy ❤❤ god give u more
I appreciate that Raihan! Thank you! You also!
Always welcome sir
One thing that has helped me is using the complete start to the asian market, to mark the initial high and low of the day. New day start to asian close. Then any break out of the asian box seems more obvious to me. Then i wait to see if they continue to trap or start the trade back to the high or low.
The juice of these tutorials lie in watching these tutorials again and again for the information to be clear and well digested. I'm getting better Dr Stacy, you are great
Just focus on improving everyday. That's the secret, constant progress and stepping back and working off the highs and lows.
Thanks for all that you're doing Stacey!
We're getting better!
Love ya brother!
You are so welcome Good! Keep getting better! Thanks for the feedback!
absolute gold Stacey, was reviewing the ES charts since october, practicing my day counts and peak locations thru the three sessions, and the 00/25/50/75 numbers are blowing my mind. also your concept and explanation of "flipping the box" is starting to pop out at me. again, absolute gold.
Thanks Fubear! Once you see it, you can't unsee it!
Thanks Stacey. This definitely has clarified another grey area for me. You are God sent. Thanks a bunch!
I hope your trading is improving Patrick! Keep it up!
damn this video is really awesome 💯
I’m really learning a lot from these videos. I am slightly confused about what distinguishes a PFL/PFH from a HOD/LOD. For example, in the first chart example I don’t understand why the PFL selected is the PFL rather than the other lows. If someone could explain it would really help. Many thanks
Did you ever get to distinguish between pfl/pfh from hod/lod?
The 50 pips a day mantra; one two sideways three, pin to the high engulfment. :)
I understood this concept from another one of your videos but this one you really dig in and explain. This is Golden ⚡️⚡️
Thanks a ton.!! Mr. Stacey Burke.
✌
I like this one. Everything is labeled.
3 pushes just rhyme :) Hunt, Trap, and trade.. Sleep, eat , Trade. Repeat..
So peak formations are pinbars and engulfings? Sometimes Stacey marks up let's say a bull candle and the first bearish is not engulfing the bullish, only the second bearish. Can anybody clarify please? Thanks, David
always come back to review :)
Great technical analyse so lets start buddies📺🔔👍❤💙
always coming back to this, you the man
You too DeJinero! Thank you
Marking the Asian open and watching how the market behaves going out of Asian into either the London or NY kill zones has helped me to identify which side of the market market makers are going for for liquidity grabs
Can apply that on anytine frame? Like are u able to use these concept on differebt tine frames, understanding just the liquidity? Usually regardless of any sessions u are, u always have equals high,lows and liquidity everywhere, will really appreciate ur answer 😁
@@RC29972 I trade on 5/15 minute
@@alanaweaver8942 appreciate your response buddy, could you kindly explain it bit further your initial comment please? The thing is there is a huge opposite correlation within structures and liquidity sometimes, what i mean is that liquidity for sure is the key to move the market, although, we as a trader use structural point to understand the bias of the market. However, knowing how far a structural point could reach out in accordance to the liquidity hunt is a key concept i think. Like i know for instance that when it comes about asian range, is not just the opening or closing that matters, but even the point of equilibrium is a very sensitive zone for the price to react off. Very often during london you see a nice inducement of price, which could be interpreted as break of structure or even Fake out, now the question is how do you determine the right break according to the right liquidity grab? Like i am just trying to understand better your first comment on how you correctly identify which liquidity they are going to take for the rest of the day? Will appreciate once again ur response, thanks =D
More pearls of wisdom - thanks Stacey. Basic question though, how do you define what is a peak formation high/Low?
I'm a bit confused - you note them on your charts as daily high/lows but also occurring as "pullbacks" in a trend market.
Could you clarify please?
Thanks for the feedback Gavin. Anytime a high or low has been engulfed, you can have a pullback in a trend which then becomes a new swing level where traders will place stops and the market will trade back to at some point in the future.
This is eye opening I must say.
Good luck to everyone trading this style.
lol
Good video, it's simple but the peak formations are helping me understand the candlestick patterns. Thanks
PHENOMENAL ; THIS IS COMING TOGETHER IN MY HEAD. ITS LIKE A JIGSAW PUZZLE.
Pieces are coming together; one-by-one, day-by-day
Stacey how you going mate you got so many videos honestly but highs and lows are the most common
🙏🏻🙏🏻🙏🏻
High and low of the day / session! Cheers Miti! Thank you!
In addition, I also thought that the 3 peaks need to be in ascending order, but I see in 1 of your examples (gbpchf) , the 3rd peak Is a bear candle but also lower then the 2nd peak
🤣
🤣
@@roelhernandez3807 FOR YOU
Thanks for another video, always enjoy your content
Thanks for watching Anthony!
Thanks mate, you have completely changed my perception of the way the market works.
Glad to help Steven! Cheers!
Cheers Stacey.
You’re the best Stacey! 💌📉📈
Thanks for the feedback Britt! Far from the best but just focus on improving 1% a day! Always room to get better...
Hi Stacey, I'm really getting into your content. While marking up my charts (top-down of course), should I focus mainly on recent stop locations that have NOT been taken out yet, waiting for price to hit these levels to look for setups?
Hello Stacey, are you ever planning to do a live youtube session for any of the sessions to actually go thru the sessions live London or NY session? It would really be helpful to see your thought process on the methodology. Thank you please do let me know I look forward to it.
When I trade everything is shutdown and I'm focused on the chart.
@@StaceyBurkeTrading cool, respect and thanks for your reply.
@@StaceyBurkeTrading , Hi , can you do a video on youtube on GBPJPY of today's price action along with the 33 process. Thanks
start a telegram channel to share setups it will understand more
Daily levels video has all the levels in it.
Can you explain about the measure moves and how to set that tool. Love the content. Learned a lot on this channel.
Sure thing Nero! It's using the rectangles that form and looking at 100% expansions of the ranges, HOD and LOD. Will do a video on it.
Stacey Burke Trading Awesome. Thank You!
I used to think that any move out of the Asian range is a stop hunt, especially if the break is the first hours of london, but going into the market, it's not always the case and I end up losing trades, because it extends and shoots over 150 pips and just never comes back . How can I finesse spotting the real stop hunt for a strong move thereafter
Don't trade until you can visualise the price action structure, geometry and behaviour that gives a clear indication of a potential trend continuation, pullback or consolidation. But never assume anything and keep a tight stop loss and turn those losers into winners. For example today the Ozzy was winding down in a clear ascending triangle. I got in short when price touched the apex resistance 1.8665 and just watched as price broke support of 1.855 and is currently heading south and trying to break 1.85. My target is 1.845. Ascending and descending triangles are my go to setups but head and shoulders and W bottoms and M Tops happen everyday as well :)))
SL currently at 1.85. TP at 1.845. I'm going to have a nap and let the market do its work :)))
Got away with murder on that one. 50 pips stressless and effortless. The kiwi twice in a row this week and cable yesterday. Can't thank you enough Stacey m8 :)))
How to know whether a market is going to stop Hunt is never the problem. Just pay attention to the setup. Where is the first session of the day starting inside of the peak formation. Is it in the middle of the peak formation? Or at the top or bottom of the peak formation? However, if it forms in the middle of the peak formation, the Asian box will be snatched up and down the market will move either direction for the stop Hunt and move back to the opposite direction for the move. But when the Asian box forms at the low or high of the peak formation, at the equity hour price might not take the peak or low formation for a stop-hunt, but can only take the high or low of the Asian box for a move to the opposite direction for the move.
hello stacy why is that london pin the peak formation low we had lower prices in that day that is not the peak formation not inter day and not intra day non of them?minute 17:59
Which high and low , HL of yesterday, HL of sessions, HL of day , HL of week
Different between PFL/PFH and LOD/HOD? Kindly help.
10000