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Every Trading Strategy Explained in 12 Minutes — Transcript

by Data Trader · 2,076 words · 312 segments · language en · Watch on YouTube

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0:00Fibonacci retracements it is a tool that
0:03displays horizontal lines based on the
0:05Fibonacci numbers these lines can then
0:07be used as key support and resistance
0:09levels to use the Fibonacci retracement
0:11tool you first start by identifying a
0:14swing low and swing high on a chart then
0:16drag the tool from the swing low to the
0:18swing High next wait for the price to
0:21make a pull back to one of these levels
0:23ideally the 0.382 Fibonacci level
0:26because that's the most common level
0:28where price tends to reverse from so if
0:30price touches that level that could be a
0:32good buy entry keep in mind that price
0:35could also reverse from other Fibonacci
0:37levels combine it with other
0:39confirmation signals to get a better
0:41entry breakout patterns it is when price
0:44makes a sudden and significant movement
0:46towards One Direction This usually forms
0:49after the market makes a consolidation
0:51period for example here we can see that
0:53the price is consolidating then it
0:56suddenly moves sharply to the downside
0:58this is called a Breakout to take
1:00advantage of this Traders could use
1:02specific patterns as a guide to identify
1:04breakouts before they happen most
1:06notable breakout patterns includes
1:08wedges triangles and the rectangle
1:11pattern reversal patterns it is when
1:15price moves in the opposite direction of
1:16the current Trend and forms a counter
1:18Trend specific patterns could be
1:20identified in a chart which could help
1:22Traders predict reversals before they
1:24happen most notable reversal patterns
1:26are double top and bottoms triple top
1:29and bottoms
1:30Head and Shoulders cups and
1:33handles aliot wave it is a theory that
1:36suggests that market tends to move in a
1:38series of five waves before reversing
1:40and forming another set of waves in the
1:42opposite direction by understanding the
1:44Elliot wave sequence Traders could
1:46predict where the price is Heading by
1:48following the pattern in a chart we can
1:50label each point of the Waves as 1 2 3 4
1:535 and ABC now there are specific rules
1:57to ensure that a movement is considered
1:59as a valid Elliot wave first wave 2
2:02cannot be longer than wave 1 and usually
2:05pulls back to the 0.618 Fibonacci level
2:09second wave three must be the longest
2:11wave amongst Wave 1 3 and five third
2:16Wave 4 must remain above the peak of
2:18wave 1 and usually pulls back to the
2:210.382 Fibonacci level so here's an
2:24example of the Elliot wave in action in
2:26this chart we can see that the price
2:28resembles a possible one 23 Elliot wave
2:31and So based on the theory of wave 4
2:33which is that price tends to pull back
2:35to the 0.382 Fibonacci level before
2:38continuing upwards we can use this as a
2:40potential buy entry when price makes a
2:44pullback fair value gaps a fair value
2:47Gap occurs when a candle forms a
2:49significant Gap due to an imbalance of
2:52buying or selling to find a fair value
2:54Gap you first need to find a candle with
2:56a large body then draw a rectangle at
2:58the Gap place between the previous
3:00candles swick and the next candles swick
3:03this level now acts as a potential
3:05magnet where price May revisit before
3:07continuing its
3:09movement Candlestick patterns it is a
3:13technique that Traders use to analyze
3:14future price movements by looking at
3:17specific Candlestick shapes notable
3:19Candlestick patterns include engulfing
3:21patterns which signal strong momentum
3:23towards the direction of the engulfing
3:24candle hammer and shooting star patterns
3:27which indicates rejection as shown by
3:29the long Wick on one side DOI patterns
3:32which signals neutrality in the market
3:35ha kanashi it is an indicator that fully
3:38replaces a traditional Candlestick chart
3:40to a hinachi chart when applied it tends
3:43to give less noise than a traditional
3:45Candlestick a green hinachi candle
3:47signals that the price is on an uptrend
3:50and a red HK kanashi candle signals that
3:52the price is on a downtrend the size of
3:54the candle's body also indicates how
3:56strong a trend is the larger the candle
3:58the stronger the trend keep in mind that
4:00the ha kanashi only acts as an indicator
4:02it does not display the real market
4:04price moon phases it is a concept that
4:08utilizes moon cycles to time the market
4:11moon face Traders believe that Moon
4:12cycles are correlated with human
4:14emotions and behavior which could have
4:16an influence on the market specific Moon
4:18phases are believed to be favorable
4:20towards a certain Trend a new moon means
4:23the market tends to be bullish and a
4:25full moon means the market tends to be
4:27bearish today it is used mostly As as a
4:29confirmation tool
4:32ranko it replaces a traditional
4:34Candlestick chart to a ranco chart so
4:37unlike a traditional Candlestick which
4:39forms a new candle based on a certain
4:41period of time a ranco chart forms its
4:43block based on the change of price for
4:46example every 1% change in price a
4:49wrinkle block appears this means that
4:51each wrinkle block represents a 1%
4:54change in price of course you can change
4:56the parameters of this through the
4:57indicator settings Traders could utilize
5:00ranco Tarts to filter out noise and
5:01identify Trends a Green rankle Block
5:04signals an uptrend and a red rankle
5:06block signals a downtrend and keep in
5:08mind that Rano charts only acts as an
5:10indicator it does not display the real
5:13market price harmonic patterns these are
5:16Advanced price patterns that follows a
5:18specific shape based on Fibonacci
5:20numbers Traders can then use these
5:22specific shapes to predict future price
5:24movements for example a bullish bad
5:26pattern is formed when price makes a
5:28series of four movements ments that is
5:30shaped like the letter M each point can
5:32be labeled as x a b c and d and each of
5:35these points has a specific guideline
5:37for example point x to point B needs to
5:40have a value between 0.382 and 0.5 point
5:43a to c needs to have a value between
5:460.382 and
5:480.886 and the same thing works for the
5:50other points next these specific
5:52guidelines can then be applied onto a
5:54real chart so if you see a price forming
5:57a series of four movements you can apply
5:59the har monic pattern tool to check if
6:00the price that formed matches a patterns
6:04guideline if it does then you can take a
6:06position based on the pattern that
6:09formed there are multiple harmonic
6:11patterns that exist most notable are
6:13butterfly bat crab and each have their
6:17own unique values support and resistance
6:21these are key levels that formed
6:22horizontally where the price has bounced
6:24off in the past and could possibly
6:26bounce again in the future if the level
6:28is below the Price It's called support
6:31where you can take a buy position if the
6:33price approaches it and if the level is
6:35above the price it's called resistance
6:37where you can take a sell position if
6:38the price approaches it Dynamic support
6:41and resistance similar to support and
6:44resistance Dynamic support and
6:45resistance also acts as key levels but
6:48instead of using static horizontal lines
6:50it uses indicators like the moving
6:52average to act as our key level trend
6:55lines trend lines are key levels that
6:57form diagonally during a trend Market
7:00you can use trend lines to identify the
7:02overall direction of the price upwards
7:04trend line means bullish downwards trend
7:06line means bearish and similar to
7:08support and resistance you can also use
7:10the trend line to identify possible
7:12entry scenarios for example if price
7:15retraces back to a trend line it can be
7:17a good opportunity to take a buy
7:20position gone angles it is a tool that
7:23displays multiple lines that spread
7:26continuously on different angles these
7:28lines can then act as possible key
7:30levels and could also help you measure
7:31the strength of a trend price moving
7:33within the Steep angles of the tool
7:35indicates a strong Trend and price
7:37moving within the shallow angles of the
7:39tool indicates a weak Trend to apply the
7:42Gan angles first you go to settings then
7:45make sure to check the lock price to Bar
7:47ratio next identify a market range and
7:51mark the swing low and the swing highs
7:52of that range then draw a straight
7:55vertical line at the start of the range
7:57after that select the trend angle tool
8:00and measure
8:0245° then use the gun fan tool and place
8:05it at the 45°
8:08angle momentum indicators these are the
8:11types of indicator that measures the
8:13direction and strength of a trend it is
8:15most effective when used in trending
8:17markets some of the most notable
8:18momentum indicators are macd an upwards
8:21crossover indicates a bullish Trend
8:23while a downwards crossover indicates a
8:25bearish trend moving averages price
8:28being above the moving average signals a
8:30bullish Trend and price being below
8:32signals a bearish trend parabolic are a
8:35DOT below the price indicates a bullish
8:37Trend and a DOT above the price
8:39indicates a bearish trend super Trend
8:42green signal indicates a bullish Trend
8:44and a red signal indicates a bearish
8:46trend
8:48oscillators these are the types of
8:50indicator that displays the relative
8:51strength of a price it is most effective
8:54when used on choppy or sideways markets
8:56most notable oscillators include RSI
8:59when the line is in the oversold region
9:01it indicates a possible reversal to the
9:03upside if it's in the overbought region
9:05it indicates a possible reversal to the
9:07downside stochastic if both lines are at
9:10oversold it signals a possible reversal
9:13to the upside and if both lines are at
9:15overbought it signals a possible
9:17reversal to the downside these two lines
9:19can also cross over each other to
9:21predict future price movements
9:23divergences divergences occur when an
9:25indicator displays an opposite signal of
9:27the real price movement when this
9:29happens it is usually a sign that the
9:31trend might reverse divergences could
9:34occur in many indicators such as the
9:35macd stochastic and the RSI for example
9:40here using the macd indicator you can
9:42see that the price is forming higher
9:44highs which is bullish but the indicator
9:46shows the opposite a lower highs which
9:49is bearish in this case this is a
9:51bearish Divergence which signals that
9:53the price may form a reversal and so you
9:55can take a sell position
9:59volume indicators these are types of
10:02indicator that shows the strength behind
10:04a price Movement by tracking the trading
10:06volume notable volume indicators include
10:09price volume which displays the volume
10:11for each candle the longer the bar the
10:13higher the volume volume weighted
10:15average price which shows the ratio of
10:17an asset's price to its total volume it
10:20can be traded like a moving average or
10:22as a dynamic support and resistance
10:24volume profiles it displays a volume bar
10:27horizontally which can be treated as key
10:29levels for potential entry
10:31positions supply and demand also
10:34referred to as order blocks these are
10:37zones where significant price movements
10:39have occurred if price moves
10:40significantly upwards from a level it is
10:43considered a demand Zone and if price
10:45moves significantly downwards from a
10:47level it is considered a supply Zone
10:49just like support and resistance these
10:51zones can be treated as key levels for
10:53potential entry
10:55positions Market structure Market
10:57structure is when Trader anal izes the
10:59behavior condition and flow of the
11:02market an uptrend structure is
11:04characterized by Price forming higher
11:06highs and higher lows while downtrend
11:08structure is characterized by Price
11:10forming lower highs and lower
11:12lows break of structure it is when price
11:16breaks the previous price Peak during a
11:18trend for example if the price forms a
11:21higher highs and higher lows this break
11:23of the previous highs is called Break of
11:25structure change of character it occurs
11:28when price breaks the previous structure
11:30during a trend often signaling a
11:32reversal from that current trend for
11:35example if the price is forming higher
11:37highs and higher lows then it breaks the
11:39previous lows forming lower lows this is
11:41called a change of character so did I
11:44miss any strategy let me know in the
11:46comments below and if you find this
11:48enjoyable kindly do a small favor by
11:50liking the video and subscribe to the
11:52channel it only takes two clicks but it
11:54means so much to me you can also check
11:56out my other videos as well so thank you
11:58for watching and I'll see you see you in
11:59the next video

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