Wow found out that you are also an artist today . Pretty nice drawing skills..🤣👍 (4.05 ) Thanks a lot man for the content that you are providing . It helps a lot for a beginer like me . Keep on the good work .....
This is wonderful, useful information - many thanks! Question....? From your experience what timeframe does the T1, T2 work the best? 5m, 15m, 1 hour, 4 hour, Daily? Or....same principle applies regardless of timeframe? Thank you again for sharing your expertise and knowledge.
Nicholas Puri Price reverses to the mean. If price action has gone too far away from the Moving Averages, its usually time for a reversal. It may not occur right away but eventually it will. I make my living trading such chart patterns.
Hi Ashfaq, we do actually use an element of that with our method of trading. However, I disagree with most traders that use that approach because it's very easy to get confused between a mean reversion approach and actually getting fooled by the fact that eventually the moving averages will catch up with the price, since it's the mean of the previous movements. - Nicholas
The Duomo Initiative Can't disagree with your observation. At times, the moving averages keep catching up with price action if the trend is monstrously strong. However, this occurs rarely.
Hi all, i've been hooked on this channel for 2 weeks now. It gives me a new insight. I'm trying to draw those levels now in a 5min eur/usd fx chart and I must say it's quite difficult. Also, before seeing this I would say that the bar at the 8:47sec mark (drawn one most to the left) would be a nice short-setup if the next bar would defeat the bullish bar by showing and closing red. As the wick or top tail is most part of the candle which shows the bears are in control during that moment near the resistance above. Also to me it seems weird that to test the level and show that there's resistance the bar must close green instead of red (resistance/significant level above) Wouldn't this still show bullish strength? If i understand correct you are looking for short opportunities. Any comments on this? I hope to join Duomo soon :-)
As I mentioned in the video, the Type 1 and 2 closes are just 1 building block. We filter out situations that are too bullish by gauging the momentum, volume and overall trend. Check out this video: ua-cam.com/video/e1KlQFKM1hc/v-deo.html - Nicholas
Hi nicholas i waching You videos last two month and i must say to You they are great....your aproch to market is unique....i just love it ....i little undesrand concept of you trdeing but i dont unerstan wich aproch You use to stop lost and take profit(atr,structure)i know my english is not to good;))i just want to tell You a lott thinks that you teachin speakin have logic behind ...i wont to ask you obout type1,2 is that point you reason to enter the trade(one of reasons)keep it up nicolas you are great.......
buy watching your explanation as a person learning to trade would I be correct to say the second candle over resistance level would be the best time to enter the trade
Not a question about the close types but a question about forex itself I am also a UK trader and would like to know from yourself is it tax free in the UK as forex is classed as spread betting ? Thanks great videos btw very clear and informative and never full of crap to buy this or buy that :)
Nice video, I have some questions. is the duomo method applicable in other markets like stocks and futures? if so, do you have a section in your forum where you look over this markets?can it be used for day trading? Also going back to the video, if the price is going down, do the t1 t2 and t3 should be bearish(red candles)?
Hi Nick, i hope you are doing great. I have been following the content you have been sending through and every thing has been clear for me. i do have a question though, its regarding the Time Frame Hierarchy, i cant seem to be understanding the rule and its points, if you could please elaborate for me it will be of great pleasure. I appreciate the work you have put together for us learning traders. Thanks a lot💪
Have you gone through our free mini-series? That would be a good place to start. I may cover it in a future video, but it's something that can be confusing for people if taught out of context of the rest of the method. - Nicholas
Hi Nicholas, i hope you are well, thanks for the reply. Yes i have gone through the mini series, actually that is where i picked it up from, its just that i'm not sure about my understanding of it, thats why id like a bit more elaboration on it, or maybe and example to understand it more better. Vuyo, South Africa Thanks so much.
It really depends on the context of the situation. The significant levels should only be traded on the same time frame they originated from. So in most cases, a different time frame would be irrelevant to that specific significant level. However, the structure on the lower time frames can help us confirm whether we are right to be making assumptions about what the price will do at that level. - Nicholas
Hi Nick. Do you know if TeleTrade is a good broker? I recently started my trading courses with a TeleTrade affiliate and I'm not sure to trust them or not. Thanks!
Sorry I'm not familiar with them so I don't know. However, one of the criteria I would look for is FCA regulation and it looks like they don't have that. That's just for me personally though. - Nicholas
As I mentioned in the video, it would depend on the context of the situation. Type 1 is more dependable, but that doesn't necessarily mean it's going to be a strong reversal. There are other factors we need to consider for that. - Nicholas
The Duomo Initiative - Financial Education Thanks for your reply Nicholas... i've been watching your videos with interest for some time now & always wondered what these closes meant. To me the type 3 closing below the significant level would spell reversal moreso but maybe I'm missing something? Thanks for sharing this video & keep up the good work... love your content!
Hi Nicholas great video yet again! Thank you. Can you please tell me how I can access all your free courses? I would like to start the one in portfolio management. Thanks very much Also can you possibly do a video on types of candles eg from exhaustion to pin bars and what role they play in the market? Would be great thanks L
Thanks Linda! The portfolio management course hasn't been released yet. We have a course on macroeconomics/central banking/eurozone coming out in a week or 2. We also have our balance sheet course here: www.udemy.com/balance-sheet - Nicholas
I feel so bloody jealous of you I've been learning to trade for 3 years and for some reason I just getting wrong every time and how you explain and show everything seems to be so easy for you and yes of course I know that it took you time as well to learn and be really good at it but still bloody jealous😅😅
It's been over 10 years now. If you continue learning (and learning in the correct way, not just going over the same things over and over again) then you will achieve the same, or hopefully even more! - Nicholas
not working so far. past ''significant levels'' are only the ones chart already marked . whenever i take one,.it is breached. and that should be 60-40 at least even if i could get some good, they are the minority. actually im thinking of taking the other side and test that, since theres this certainty the significant level will be breached moving on to the next ''thing'' soon
Hi, when you got 600k in 6 weeks, did you use any forex robot or any kind of machine? Is imposible to achieve 600k from 30-50k with 2% risk management. Are u using algorythms nowadays?? Thanks. Good chanel by the way, keep the hard work!
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: ua-cam.com/users/MarketMoversFinancialNewsandAnalysis
Wow found out that you are also an artist today .
Pretty nice drawing skills..🤣👍 (4.05 )
Thanks a lot man for the content that you are providing . It helps a lot for a beginer like me . Keep on the good work .....
I EXTREMELY love the texture of the exterior shoot....
Marvellous.
This is wonderful, useful information - many thanks! Question....? From your experience what timeframe does the T1, T2 work the best? 5m, 15m, 1 hour, 4 hour, Daily? Or....same principle applies regardless of timeframe? Thank you again for sharing your expertise and knowledge.
Thank you for your videos. I enjoy watching them very much.
Nicholas Puri
Price reverses to the mean. If price action has gone too far away from the Moving Averages, its usually time for a reversal. It may not occur right away but eventually it will. I make my living trading such chart patterns.
Hi Ashfaq, we do actually use an element of that with our method of trading. However, I disagree with most traders that use that approach because it's very easy to get confused between a mean reversion approach and actually getting fooled by the fact that eventually the moving averages will catch up with the price, since it's the mean of the previous movements.
- Nicholas
The Duomo Initiative
Can't disagree with your observation. At times, the moving averages keep catching up with price action if the trend is monstrously strong. However, this occurs rarely.
This is what I've been waiting for
Thx Nick. Thats great a video dedicated to these closes. Appreciate it
You're welcome. Thanks for watching, glad it helped!
- Nicholas
Hey Nick, I'm just wondering. What moving average do you use on the charts in this video? Is it EMA or SMA?
Hi all, i've been hooked on this channel for 2 weeks now. It gives me a new insight. I'm trying to draw those levels now in a 5min eur/usd fx chart and I must say it's quite difficult. Also, before seeing this I would say that the bar at the 8:47sec mark (drawn one most to the left) would be a nice short-setup if the next bar would defeat the bullish bar by showing and closing red. As the wick or top tail is most part of the candle which shows the bears are in control during that moment near the resistance above.
Also to me it seems weird that to test the level and show that there's resistance the bar must close green instead of red (resistance/significant level above) Wouldn't this still show bullish strength? If i understand correct you are looking for short opportunities. Any comments on this? I hope to join Duomo soon :-)
As I mentioned in the video, the Type 1 and 2 closes are just 1 building block. We filter out situations that are too bullish by gauging the momentum, volume and overall trend. Check out this video: ua-cam.com/video/e1KlQFKM1hc/v-deo.html
- Nicholas
I know it's all breadcrumbs :) thnx for directing me to the next!
have you signed up? i'm on the fence. I don't want to start yet another system again.
I'm afraid I'm falling into that trap.
Hi, I just saw your channel.... I appreciate the way you explain.... Do you have tutoring
Oh yes i am going to include this in my trading
Hi nicholas i waching You videos last two month and i must say to You they are great....your aproch to market is unique....i just love it ....i little undesrand concept of you trdeing but i dont unerstan wich aproch You use to stop lost and take profit(atr,structure)i know my english is not to good;))i just want to tell You a lott thinks that you teachin speakin have logic behind ...i wont to ask you obout type1,2 is that point you reason to enter the trade(one of reasons)keep it up nicolas you are great.......
💪💪👌👌god bless your work nich. Been waiting for thise. Thank you so much man.
You're welcome. Thanks for watching!
- Nicholas
buy watching your explanation as a person learning to trade would I be correct to say the second candle over resistance level would be the best time to enter the trade
Not a question about the close types but a question about forex itself I am also a UK trader and would like to know from yourself is it tax free in the UK as forex is classed as spread betting ? Thanks great videos btw very clear and informative and never full of crap to buy this or buy that :)
You did a great job here👍👍
Cheers
Nice video, I have some questions. is the duomo method applicable in other markets like stocks and futures? if so, do you have a section in your forum where you look over this markets?can it be used for day trading? Also going back to the video, if the price is going down, do the t1 t2 and t3 should be bearish(red candles)?
Knowledge: acquired, thanks man
You're welcome, thanks for watching.
- Nicholas
Super!!!!
Excellent!!
Hi Nick, i hope you are doing great. I have been following the content you have been sending through and every thing has been clear for me. i do have a question though, its regarding the Time Frame Hierarchy, i cant seem to be understanding the rule and its points, if you could please elaborate for me it will be of great pleasure.
I appreciate the work you have put together for us learning traders.
Thanks a lot💪
Have you gone through our free mini-series? That would be a good place to start. I may cover it in a future video, but it's something that can be confusing for people if taught out of context of the rest of the method.
- Nicholas
Hi Nicholas, i hope you are well, thanks for the reply. Yes i have gone through the mini series, actually that is where i picked it up from, its just that i'm not sure about my understanding of it, thats why id like a bit more elaboration on it, or maybe and example to understand it more better.
Vuyo, South Africa
Thanks so much.
type 1 and type 2 on resistance levels have to be bulish. Is it the opposite on support levels? do the closers have to be bearish?
Cheers! that answered my question perfectly!! :)
Glad it helped!
- Nicholas
if type 1 closes are all about the wicks touching the significant before being rejected. Why don't you draw trendlines with wicks?
So which type of all 3 are strongest signal?
What's the correct link for the 4 part series? The current link is not working... Page not found error
The series has been replaced by a more detailed mini-course, you can find it in our online school courses.duomoinitiative.com
thnx bro
Does this work with ema’s as the significant level as well?
Nicholas i only got the first lession in my email. where can i find the other three?
Ohh and yes awesome video Bro make some more
Glad you enjoyed it, we have plenty more videos coming! - Harley
If you looked at T3 on smaller timeframe and saw that it was a T1 or T2 then would that make more significant.
Or would you still give it the same significance as a t3?
It really depends on the context of the situation. The significant levels should only be traded on the same time frame they originated from. So in most cases, a different time frame would be irrelevant to that specific significant level. However, the structure on the lower time frames can help us confirm whether we are right to be making assumptions about what the price will do at that level.
- Nicholas
So are you saying that WHERE price CLOSES is what is significant ???
Hi, may i ask a question? Which MA period are you using on your chart? Thank you if you have time to answer my question.
It's a 14 EMA.
- Nicholas
Thank you for your time!
If the candle doesnt break through but it closes on the level is this still considered a type 2? Thanks
No, it has to break through the level - there needs to be a wick
Hi Nick. Do you know if TeleTrade is a good broker? I recently started my trading courses with a TeleTrade affiliate and I'm not sure to trust them or not. Thanks!
Sorry I'm not familiar with them so I don't know. However, one of the criteria I would look for is FCA regulation and it looks like they don't have that. That's just for me personally though.
- Nicholas
Great but which type is the best or strongest indicator of a reversal... T1 or T2? Anyone know??
As I mentioned in the video, it would depend on the context of the situation. Type 1 is more dependable, but that doesn't necessarily mean it's going to be a strong reversal. There are other factors we need to consider for that.
- Nicholas
The Duomo Initiative - Financial Education Thanks for your reply Nicholas... i've been watching your videos with interest for some time now & always wondered what these closes meant. To me the type 3 closing below the significant level would spell reversal moreso but maybe I'm missing something? Thanks for sharing this video & keep up the good work... love your content!
Type 2- and type 3 required to close bullish candle ?
As mentioned in the video, we look for the candles to be closing in the direction they came from.
- Nicholas
Hi Nicholas great video yet again! Thank you. Can you please tell me how I can access all your free courses? I would like to start the one in portfolio management. Thanks very much
Also can you possibly do a video on types of candles eg from exhaustion to pin bars and what role they play in the market? Would be great thanks
L
Thanks Linda! The portfolio management course hasn't been released yet. We have a course on macroeconomics/central banking/eurozone coming out in a week or 2. We also have our balance sheet course here: www.udemy.com/balance-sheet
- Nicholas
The Duomo Initiative - Financial Education thanks Nicholas!
Linda Did you end up doing the portfolio management course?
3:50 LOL, you are amazing
Glad you appreciate my art!
-Nicholas
t1 shud be followed by t2 ?
what time frame is that Ema?
It’s a 14 period EMA - Harley
what's time frame of the candles please Nicholas?
Cool content tho!!
Thanks Chris.
- Nicholas
I feel so bloody jealous of you I've been learning to trade for 3 years and for some reason I just getting wrong every time and how you explain and show everything seems to be so easy for you and yes of course I know that it took you time as well to learn and be really good at it but still bloody jealous😅😅
It's been over 10 years now. If you continue learning (and learning in the correct way, not just going over the same things over and over again) then you will achieve the same, or hopefully even more!
- Nicholas
The Duomo Initiative - Financial Education since I start watching your videos I learned a lot thanks
Sweet haircut m8
Haha thanks David!
- Nicholas
Puri? That's an Indian surname.
your last name "Puri" doesnt match your "Richi" bank acc :D :D (do not hate me)
Nailed it 🤣
not working so far. past ''significant levels'' are only the ones chart already marked . whenever i take one,.it is breached. and that should be 60-40 at least even if i could get some good, they are the minority.
actually im thinking of taking the other side and test that, since theres this certainty the significant level will be breached
moving on to the next ''thing'' soon
I wanted to be the first one to comment here. Damn
Hi, when you got 600k in 6 weeks, did you use any forex robot or any kind of machine? Is imposible to achieve 600k from 30-50k with 2% risk management.
Are u using algorythms nowadays?? Thanks. Good chanel by the way, keep the hard work!
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining
🔹 Add us on Instagram: instagram.com/duomoinitiative/
🔹 Our second channel for financial news and analysis: ua-cam.com/users/MarketMoversFinancialNewsandAnalysis
Your name is indian
So is yours!
- Nicholas
+The Duomo Initiative - Financial Education hahaha
@@Duomoinitiative 😂😂😂😂
Plot twist....
at significant levels You get type 3 90% of the time