Back test is the easiest part, days of candles are just clicks away but sitting through those trades in real-time seeing your profits corrode away and still able to hold on to it is the tough part.
100 agree man,, also tradingview backtest mode is flawed,,if you are doing top-down approach, and you have a daily candle, the exact point of price when you go down to a H1 is inaccurate,
@@innate7260 Ikr, my experience is that rather than back test candle by candle you go through charts and observe patterns (double tops/bottoms, H&S, flags, buildups(triangles) at supply and demand areas that will lead to high profit low risk trades. Once yu done enough of this observation and is confident that those setups wll net you positive outcome consistently then you go live trade straight away skipping demo with very small position to train your psychology. Too many ppl got false sense of confidence with backtest and demo thinking they have crack the code but ended up blowing numerous accounts of their hard saving on live, simply bc backtest & demo success does not invole emotional factors when real $ is on the line.
@@qwertyui5086 you've nailed it mate,,,and yes i got fooled by my impressive demo account growth, went for a prop firm challenge and totally drowned with the psychology, that was a few months back,,im now bout to go again on a smaller account but with a risk mgmt strategy that i didnt have before,,i do exactly what you said with backtest,,,theres no point trying to replicate real time chart,,look at the patterns and how each pair reacts , and also observe what happens in different sessions ( Asia, London, NY) its quite profound the difference in a setup depending on its session
I also second the fact that Rolf is the best forex teacher. Like he is easy to understand,he doesn't speak in riddles. No complications at all and he's got his own style🙌.
You are one of the best teachers I have ever encountered on youtube. Breaking matters so clearly making it easy to follow and understand. I shall now go back to your earlier videos and tutorials. Keep up the superb and valuable work.
I'm impressed b this video: the clarity of the recording and the professional style of breaking things down for easy understanding. Thank you Traderceity!
Your style of teaching most closely matches my style of learning. I've watched dozens on dozens of videos, including one group I belong to, and I've gathered more essential, usable info here than in all the others even though they are good.
I wanted to let you know that I found your explanation of price action to be excellent. Your emphasis on the significance of identifying patterns and waiting patiently for the right time to enter the market really resonated with me. I appreciate that you mentioned it's the same pattern over and over again, which is key. I am happy to inform you that I have subscribed to your channel as of today." as of today.
My best lecturer on UA-cam. You have opened my eyes. Thank you very much Sir. God Bless you. Please, sir, make a video on how to trade Volatility index.. Thank you sir.
It does, but in a different context. Tick volume essentially displays the frequency of orders being executed by the broker you have an account with. Since most people trade in a very similar fashion, tick volume is pretty coherent with real volume and overlaps nearly 90 percent.... However, context is important. A lot of tick volume simply means a lot of orders are being executed, but give no hint on how much liquidity is actually behind those orders. For the sake of illustration I'll call it "Fake-Out/Stop-Hunt" even though its rather silly terms... Think of a range that is being engulfed on high volume, high volatility, following an almost immediate price collapse. That is the direct opposite of what you'd expect, because price simply goes straight the other way. This is a very consistent and frequent occurrence. You can observe this behavior on all time-frames, almost everywhere. So generally speaking, strong volume near a breakout does not indicate or increases the probability of a breakout > Continuation if you do not consider specific contextual conditions outside of volume.
I'm glad somebody made a video about this strategy. I've learned this myself in a hard way. I've been teaching this method to my team. Keep doing what you doing! 👌🏽👌🏽
I think we can do mulitple entry for this from the first huge break out. Then if it pull back entry again pull back entry again followed by updating always stop loss.
Do you like my free UA-cam videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours. And you receive support from your mentor (me!) 7 days a week in our private chatroom: ► tradeciety.com/academy/
Thanks I enjoyed your explanation, but how do you take partial profit when you have entered the trade, I don't understand, are you going to stop the trade?
Can you tell me what that indicator is called on there currently? I can’t seem to find it. How you explained it made soo much sense mentally. I would love to incorporate everything you explained here into my trading.
Thank you for this wonderful content - I have a question at the last example - I am afraid with my emotions - does it consider as like a "revenge" trade when trading it the second time? What are your thought process that you're not trading emotionally when setting up the second trade even though your trading plan is still valid?
It's only revenge trading if you go into it emotional trying to get your money back by if you have a good set and your confident about it then go for it. You probably just got in to early
Great content, as always! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Thanks for your eye openers, am begging to enjoy price action trading rather than depending on just indicator. I have a question, pls anyone can answer : is it advisable to trade with price action on m5 knowing the candle patterns aren't that strong?
Back test is the easiest part, days of candles are just clicks away but sitting through those trades in real-time seeing your profits corrode away and still able to hold on to it is the tough part.
100 agree man,, also tradingview backtest mode is flawed,,if you are doing top-down approach, and you have a daily candle, the exact point of price when you go down to a H1 is inaccurate,
True
@@innate7260 Ikr, my experience is that rather than back test candle by candle you go through charts and observe patterns (double tops/bottoms, H&S, flags, buildups(triangles) at supply and demand areas that will lead to high profit low risk trades. Once yu done enough of this observation and is confident that those setups wll net you positive outcome consistently then you go live trade straight away skipping demo with very small position to train your psychology. Too many ppl got false sense of confidence with backtest and demo thinking they have crack the code but ended up blowing numerous accounts of their hard saving on live, simply bc backtest & demo success does not invole emotional factors when real $ is on the line.
@@qwertyui5086 you've nailed it mate,,,and yes i got fooled by my impressive demo account growth, went for a prop firm challenge and totally drowned with the psychology, that was a few months back,,im now bout to go again on a smaller account but with a risk mgmt strategy that i didnt have before,,i do exactly what you said with backtest,,,theres no point trying to replicate real time chart,,look at the patterns and how each pair reacts , and also observe what happens in different sessions ( Asia, London, NY) its quite profound the difference in a setup depending on its session
Absolutely man burn your heart😂
So far the best illustrations of price movement in youtube. Thanks for the demonstration.
I also second the fact that Rolf is the best forex teacher. Like he is easy to understand,he doesn't speak in riddles. No complications at all and he's got his own style🙌.
exactly why I love this guy, no bull shit straight to the point.
This is gold. A very simple strategy yet very effective. I've been practicing this method and i am still learning until i master this strategy
You are one of the best teachers I have ever encountered on youtube. Breaking matters so clearly making it easy to follow and understand. I shall now go back to your earlier videos and tutorials. Keep up the superb and valuable work.
I'm impressed b this video: the clarity of the recording and the professional style of breaking things down for easy understanding. Thank you Traderceity!
Your style of teaching most closely matches my style of learning. I've watched dozens on dozens of videos, including one group I belong to, and I've gathered more essential, usable info here than in all the others even though they are good.
Feedback appreciated
Wanting more info and insight?
what' sapp the number above
Endeavour to reach out!..
This guy the best out there.. always posting quality content! Learning with tradeciety since day one
Best price action explanation I have ever seen on UA-cam
I wanted to let you know that I found your explanation of price action to be excellent. Your emphasis on the significance of identifying patterns and waiting patiently for the right time to enter the market really resonated with me. I appreciate that you mentioned it's the same pattern over and over again, which is key. I am happy to inform you that I have subscribed to your channel as of today." as of today.
The best I've seen so far. I don't usually comment on videos, Buh kudos to the tutor
You're such an incredible teacher sir. A huge respect and love from India❤
I just joined your VIP group, and I'm already seeing some amazing results. Thank you for all the incredible resources and guidance you provide!
great teaching, anyone who sees this will love it. there's no lie or magic in this, its just pure and i pray you win more. we've now also set in
Omg, finally someone that explains it clearly and with backtesting!
You are sharing the most premium and core content in such simplest manner. Thank you 🙏
Be flexible and adjust your strategies as market conditions change. What works in one market phase might not work in another.
😃😃😃😃best teacher on youtube
Agree
Saare videos dekh liye kya utube pe
@@manishtnmc1 destroyed in seconds 😂
Omm nem
Definitely
My best lecturer on UA-cam. You have opened my eyes. Thank you very much Sir. God Bless you. Please, sir, make a video on how to trade Volatility index.. Thank you sir.
Very Insightful and clear way.. with no fuss... Absolutely loved the session...
You're the best price action trade Tutor, I learned alot from you and will definitely go for your trading course,forever grateful,thank you
I have seen very few youtuber teaching things like this. God bless you 🙏🙏🙏🙏
Thanks 🙏
Great video! The only thing I would add as another indicator is volume. Strong volume near breakout usually increases breakout probability.
It does, but in a different context. Tick volume essentially displays the frequency of orders being executed by the broker you have an account with. Since most people trade in a very similar fashion, tick volume is pretty coherent with real volume and overlaps nearly 90 percent....
However, context is important. A lot of tick volume simply means a lot of orders are being executed, but give no hint on how much liquidity is actually behind those orders. For the sake of illustration I'll call it "Fake-Out/Stop-Hunt" even though its rather silly terms...
Think of a range that is being engulfed on high volume, high volatility, following an almost immediate price collapse. That is the direct opposite of what you'd expect, because price simply goes straight the other way.
This is a very consistent and frequent occurrence. You can observe this behavior on all time-frames, almost everywhere. So generally speaking, strong volume near a breakout does not indicate or increases the probability of a breakout > Continuation if you do not consider specific contextual conditions outside of volume.
I like how you break down things on what to think about planning a trade. Glad youtube suggested this one. Subscribed.
I have only three favorite forex teachers on UA-cam, now u have become the fourth favorite & the best amongst all. U have won my hrt, much love
Wow thanks a lot 👍
hey how are you? how is the trading going? im a beginner trader and i wanted to ask what channels do you recommend?
Really one of the best videos that I've seen about price action
this is thew way we kill Market Price action is on of the best strategy in Financial Market. amazing keep going b ro
I'm glad somebody made a video about this strategy. I've learned this myself in a hard way. I've been teaching this method to my team. Keep doing what you doing! 👌🏽👌🏽
thank you so much, i availed your online course and finished watching it, i learned a lot. thank you thank you thank you. from 🇵🇭 philippines.
you can make this video worth a million or make it worth nothing. it's all perception & finding it for yourself like he said! Thank you bro!
My question is why have I not found this community. Beautifully put video. Thank you for posting.
You are definitely one of the best teachers out there! ❤❤
wow i cant believe there are so many fantastic videos on this channel ill see how many i can get through today ill definitely be back for more!
One of my favourite channel in the UA-cam.
Fenomenale. ❤
Best man in dalal Street who really share his knowledge.....
Yes sir
Thank you d Your calculations is on next level .it's amazing
This couldn’t be anymore pertinent than today and past several weeks.
This is one of the best videos I've encountered on UA-cam; the explanation kept taking me there 😢
Best teacher I have ever seen
I love your teachings pls do another video like this please
Be flexible and adjust your strategies as market conditions change. What works in one market phase might not work in another.
The best explains i see for trader in youtube. 👏👏👏👏
Dude you'r just the teacher have been looking for
Such a brilliant teacher. Thank you!
This Video is changing my life ,,my mentor Tradecoity
Thank you 🙏🏾 you saved my trading career
I think we can do mulitple entry for this from the first huge break out. Then if it pull back entry again pull back entry again followed by updating always stop loss.
great free content, I saw this content on many paid courses, and you give them out for free, thanks! :D
thank you very much to share good lesson every week you are best teacher
You said there is a link in the descriptiom for supply & demand indicator but I couldn't see any link in the description for indicator
Do you like my free UA-cam videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours.
And you receive support from your mentor (me!) 7 days a week in our private chatroom:
► tradeciety.com/academy/
Please I need your help on how to subscribe for your trading package I'm from Nigeria
I really really like your strategies
And it's changing my trading skill
Now I've learnt more from you 👌🏼🙏🏼❤
Old but gold, thank you for the knowledge.
Do you offer any kind of live streams that show you trading the strategy in the course?
Thanks I enjoyed your explanation, but how do you take partial profit when you have entered the trade, I don't understand, are you going to stop the trade?
I tried the ordering however the details of the subscription are different. Instead of 49 USD, it was 79 USD. Kindly advise what to do.
You're the best because you combine everything simply. Thanx.
who is the 'supply and demand' indicator by on trading view. I've been trying to add it to my charts but can't find it.
In trading you need a lot of patience because you need to wait a lot for a good trade
I love how you analyze and teach
Does first example works in case of options due to time decay?
what indicator is he using for the pivots??
Actually none can compare with you sir God bless you 🙂
Im smiling why watching your video. thank you
Which pivot indicator is being used for the daily and weekly ?
This was very intuitive🔥💕🇧🇼
When to check volume and how to decide its going up or down?
Can you tell me what that indicator is called on there currently? I can’t seem to find it. How you explained it made soo much sense mentally. I would love to incorporate everything you explained here into my trading.
Sir its very grateful to learn from u. Please mention the time frame of the candles. Request
Thank you sir u are upgrading my trading experience
Dear Mr.Rolf, please make a detailed video on elliot waves
Hi, do a Video with failed trades, would be very helpful for learning 🙏
Thx for the good content.
Thank you for this wonderful content - I have a question at the last example - I am afraid with my emotions - does it consider as like a "revenge" trade when trading it the second time? What are your thought process that you're not trading emotionally when setting up the second trade even though your trading plan is still valid?
It's only revenge trading if you go into it emotional trying to get your money back by if you have a good set and your confident about it then go for it.
You probably just got in to early
Seeing your video for the first time. Very nice explanation and great learning..👍
Can you share what indicator of Pivot point are you using
Thank you for everything Rolf,.. means a lot
Sir I r reall trader... Such a wonderful method and very helpfull video
Top G 🎉🎉.. am really loving this 😊
Great content, as always! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Bro，你讲的太好了！！！🤩🤩🤩
Dear Tradecity: at 15:09 minutes: What do you mean by a pending breakout -- and why are they no good?
Long experience brother, price action to gain our capital. Thank you..
Best teacher and giving it for free
Big man you are the best thank you for sharing massively information
At last someone analysing the charts !! Thank you
Which higher timeframe is good to plot a trendline??
8:37 Can you do a part two of your pivot point strategy?
Great Man, I appreciate your teaching style.❤️❤️❤️
Sir there is no free indicator of supply and demand?
At 23:25, why didnt we wait to retest and just long from there?
It's situational, retests don't always happen, sometimes the markets will shoot out and you'll miss the move trying to wait on a retest
priceless video thanks
Great value, Fc simplified... thanks alot
The Best viedo and technical analysis
Which time frame should we expect retest?
Really helpful, love from India♥️
Hi Rolf, hast Du Deine Kurse auch auf Deutsch auf UA-cam veröffentlicht? Das wäre prima. Würde uns extrem weiter helfen. Danke.
head and shoulders only after strong UP trend (after DOWN trend it reversed HnS) isn't it?
What are pivot points? How do you know where they are?
Nice video, i learn so much form this ! thanks you!
Excellent study 👍
Thank you 💕💕💕💕❤❤❤ Jai Mahakal
Thanks for your eye openers, am begging to enjoy price action trading rather than depending on just indicator. I have a question, pls anyone can answer : is it advisable to trade with price action on m5 knowing the candle patterns aren't that strong?
You are a really good master!!! Big Thanks....
I don't seen any volume graph? Do you trade without a volume graph?