How to Trade Gold - Ride Massive Trends Using this Method — Transcript

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1. 0:00Most traders miss the big moves, not
2. 0:02because they're bad traders, but because
3. 0:05they exit too early. But what if you had
4. 0:07a method to catch the trend and hold it
5. 0:10until the very end? In this video, I'm
6. 0:12going to show you exactly how you can
7. 0:14hold humongous swing trades, ride the
8. 0:17entire trend using hike and ashy
9. 0:20candles, and the best part is this is
10. 0:22all going to be on gold. Deepo, this
11. 0:25video is for you. He asked, "May you
12. 0:27please make a video on how to capture
13. 0:28big trends." Love from India. Love you
14. 0:30back. Let's get into it. Here is
15. 0:31something that traders do not like to
16. 0:33admit. No one knows exactly when the big
17. 0:35trend is going to begin. Not me, not
18. 0:37institutions, not banks. But here's the
19. 0:39key points that you need to understand.
20. 0:41You do not need to catch the bottom. You
21. 0:43also won't predict the top. You just
22. 0:46need to stay in once it starts. Ride
23. 0:49most of the move and not all of it. And
24. 0:51for that, you need higher time frames
25. 0:53and a way to filter out the noise.
26. 0:55That's where hikenashy candles come in.
27. 0:57Here's what you need to swing trade like
28. 1:00a pro. First, you need a daily time
29. 1:02frame chart for direction, trend
30. 1:05structure, and support and resistance
31. 1:07zones. Then, you need to be looking at
32. 1:09your 1 hour chart for entries using
33. 1:11hikenashi candles. Hike aashy candles
34. 1:14are amazing because they smooth out the
35. 1:16chart so you can see clean trends
36. 1:18without getting out of your trade early.
37. 1:20And lastly, support and resistance. This
38. 1:23is where you will find the most logical
39. 1:24breakout zones. Hyenashi candles,
40. 1:27meaning average bar in Japanese, are a
41. 1:29type of candlestick chart that smooths
42. 1:31out price and makes trends easier to
43. 1:33identify. They're calculated by
44. 1:35averaging the previous periods open,
45. 1:37high, low, and close. And the open of
46. 1:39the current period is the average of the
47. 1:41previous periods open and close. This
48. 1:44averaging effects helps reduce the
49. 1:46market noise and filter out minor price
50. 1:48fluctuations resulting in a cleaner
51. 1:51chart that is easier to interpret for
52. 1:53trend analysis. So basically the red
53. 1:55candles stay red for longer even though
54. 1:57there's green candles in between and the
55. 1:59green candles stay green longer even
56. 2:01though there's some small price movement
57. 2:03in that. The larger sized hyenashi
58. 2:06candles means very strong momentum and
59. 2:09the smallersized hyenashi candles means
60. 2:12very weak momentum. So putting a
61. 2:14visualization on this, you can have
62. 2:17multiple large green hyenashi candles
63. 2:20and then they start getting smaller.
64. 2:23Then you see a hike and aashy candle
65. 2:24with a wick on the top and the bottom
66. 2:27followed by subsequent downtrend hike
67. 2:30and aashy candles that get bigger and
68. 2:32bigger and bigger. The first hike and
69. 2:33ashy candle in the color change is the
70. 2:36one that you want to be looking at, but
71. 2:38more specifically the one that has no
72. 2:41wick on the bottom. That's going to be a
73. 2:43strong beginning of the new trend. And
74. 2:46sometimes these trends last a very long
75. 2:49time and you can have massive swing
76. 2:52trades from this. Okay, so this is gold
77. 2:55on the daily time frame. What I want you
78. 2:58to do, and the easiest way to mark areas
79. 3:01of support and resistance on this higher
80. 3:03time frame, is completely ignore these
81. 3:06candles and change your chart to a line
82. 3:09chart. Then you will use your horizontal
83. 3:11tool to mark up areas of support and
84. 3:14resistance where price bounced off of it
85. 3:17or broke through it and then used it as
86. 3:19support. If the price can't get through
87. 3:21it, it's known as resistance. And if it
88. 3:23bounces on top of it, it's known as
89. 3:26support. Now, once you've marked this up
90. 3:28on the daily time frame, you'll be able
91. 3:30to see where current price is and that
92. 3:32it's sitting in between a level of
93. 3:34resistance and a level of support. Now,
94. 3:38all you need to do is zoom into your
95. 3:40chart, transition your candles to hike
96. 3:42aashi candles, and you'll have a much
97. 3:45clearer trend than traditional
98. 3:47candlesticks show. And now that we've
99. 3:49seen that this price rejected this level
100. 3:52of resistance twice, creating a double
101. 3:56top and this showing our first no wick
102. 4:00candle as a trend reversal. This is our
103. 4:03potential entry. Now what you can do is
104. 4:05take the chart to the 1 hour time frame.
105. 4:07And if we're looking at the current time
106. 4:09right here, it's 9:00 a.m. The bullish
107. 4:12candles are starting to decrease in size
108. 4:15and we're getting wicks on the top and
109. 4:17the bottom. Zooming in closer here, you
110. 4:20can see wick on the bottom, wick on the
111. 4:23top. So, what you should be waiting for
112. 4:25here is a bearish hike and ashy candle
113. 4:28with no wick on the top. You can enter
114. 4:31in a trade once that candle closes and
115. 4:34you're simply holding the trade as long
116. 4:37as you get bearish candles. You keep
117. 4:41holding the trade. Now, if the trend
118. 4:43stops here at this level of support that
119. 4:45you had already marked up on your higher
120. 4:47time frame and the candles start turning
121. 4:49bullish, you know that this downtrend is
122. 4:52losing momentum and price may find
123. 4:54support at this zone. But just to
124. 4:56confirm it, you should go back out to
125. 4:58the daily time frame. And if you see
126. 5:00another gigantic no wick bearish candle,
127. 5:04you can hold the trade until the next
128. 5:06day, increasing your chances of holding
129. 5:08a massive move to the downside. Here is
130. 5:11your checklist. The daily charts must
131. 5:14show an uptrend. The breakouts must be
132. 5:17above the daily resistance. The 1-hour
133. 5:19hike and aashy candles closes with no
134. 5:21bottom wick. strong body size, meaning a
135. 5:24little bit larger, showing momentum and
136. 5:27that price is not in the middle of a
137. 5:29consolidation zone. And here's a bonus
138. 5:31tip. You can use small pending orders
139. 5:34just above that no- wick candle high.
140. 5:37That way, you don't miss the faster
141. 5:39breakouts. Now, this is where most
142. 5:41people mess up. You enter in on a clean
143. 5:43bullish signal, and now what? The
144. 5:45answer's simple. You do absolutely
145. 5:47nothing. You patiently wait until those
146. 5:50hyenashi candles tell you that it's time
147. 5:52to exit. Here are your exit rules. Exit
148. 5:55only when an opposite color hyenashi
149. 5:58candle closes. Ignore small pullbacks as
150. 6:02long as the candle stays bullish. And
151. 6:05this one is optional. You can tighten
152. 6:07your stoploss after major swings are
153. 6:10formed. This is basically creating a
154. 6:12comfortable trailing stop-loss. You need
155. 6:15to let the market and the hike and aashy
156. 6:17candles tell you when the trend is over
157. 6:19and not listen to your feelings on this
158. 6:21one. So, just to recap, this is your
159. 6:23stepbystep howto guide. Open your charts
160. 6:26on the daily time frame. Mark up your
161. 6:28support and resistance. Zoom in to a
162. 6:301-hour chart. Look for those support and
163. 6:32resistance zones and bullish candles
164. 6:34with no wicks on the bottom. Enter with
165. 6:36conviction. Do not hesitate and exit
166. 6:38only when the hyenashi candle closes in
167. 6:41the opposite color. Now, here are some
168. 6:43bonus tips. Stick to trending pairs like
169. 6:46gold, like US30, and probably even GBP
170. 6:50JPY. Try to avoid ranging markets. If
171. 6:53you're looking at an asset class that's
172. 6:55just trading sideways for days, weeks,
173. 6:57and months, this is not going to work
174. 6:59for you and you're going to be
175. 7:00frustrated. And the most important bonus
176. 7:02tip is use alerts and notifications from
177. 7:05Trading View to tell you when those
178. 7:07opposite colored hyenashi candles form.
179. 7:10So you don't have to sit there on the
180. 7:11charts day in and day out. you can
181. 7:13actually spend your time doing your
182. 7:14hobbies. Try this method out and let me
183. 7:17know how it goes in the comment section.
184. 7:19And if you have a question that you want
185. 7:20specifically answered in video format,
186. 7:23let me know in the comment section down
187. 7:24below. Fan of the day.