Online stock trading strategy
by far one of the most important factors to you making money from day trading is havin .
is what we call the best settings video of the g a strategy you can stay consistent to and that makes money over time the biggest reason that day traders fail is because they either don’t have a strategy they can stay consistent to therefore they switch strategies all the time or just place random trades while they lose money in their account or they have a strategy but it doesn’t make money so they place trades with a losing strategy until they get too frustrated to continue so i thought why not shoot a video that can fix that and that is why in today’s video i’m gonna be showing you my favorite and what i consider to be the best day trading strategy that i’ve found over my 10-year trading career and this tutorial is going to be from beginning to end that way no matter where you are in your trading journey by the end of this video you have a complete understanding of this strategy and hopefully that will get you one step closer to accomplishing your trading goals so if that sounds good go ahead and smash that like button for me go ahead and hit subscribe if you are new because we come out with content like this each and every week if you’re already subscribed welcome back i’ll see you on the other side of the intro and disclaimer [Music] in order for you to make money trading this strategy you must understand how to identify trends on a price chart for that reason throughout a majority of the beginning of this video it is going to be focused on teaching you how to identify trends correctly on a price chart but we are also at the beginning of the video going over a live trade i had using this strategy yesterday so you can see that i use it in real markets with my real account and also you can see how i use it in real time then we’re gonna dive into that trend identification lesson then we’re going deep in the entire strategy itself there’s a time stamp beside me on one of these sides if you already know how to identify trends after watching the live trade feel free to jump ahead to the actual strategy itself but with that said let’s go ahead and dive into the live trade and i’ll be right back to ensure that you understand how to identify trending markets see you in a second so here we are on the aussie canada five-minute chart looking at a trend continuation trade that’s based on the strategy that you’re going to be learning throughout this video now i’m going to have to wait to see this market either hit my stop loss or hit my target as you can see i’m already in the trade but with the power of editing you’re going to see that right about now so as you can see here on the aussie canada five minute chart this trade ended up working out perfectly pushing down and hitting our targets for about a 2.4 to one reward to risk ratio and banking in over a couple of thousand dollars over a very short amount of time this was just a couple of hours here using the day trading strategy you’re about to learn throughout this video and we are going to completely break down this trade and the entire strategy a little later in the video but right now as i said earlier the only way for you to be able to make money using this strategy is by understanding how to identify a trending market so let’s dive deep into identifying trends on a price chart right now just to be clear i do not only use this strategy for day trading and i also do not only use it in the forex market this is a strategy i use across all time frames and across the stock trader forex and crypto market that i trade in so now that that’s cleared up let’s get started by explaining the difference between major and minor swing levels because that is something that is absolutely necessary for you to be able to identify trends in the forex market correctly so first off for major swing levels they are the top and the bottom of our impulsive moves let me explain that an impulsive move would look like this here’s the bottom of our impulsive move this is the move that breaks through previous structure that would be our impulsive move so the bottom of this would be a major swing level the top of this move would also be a major swing level now as we get this pullback the bottom of the pullback would be a major swing level and then we push up as we break through previous resistance and we get the top of an impulsive move this is a major swing level then we pull back the bottom of the pullback major swing level and the new structure high as we push up here and break into new highs is another major swing level so there’s not really any way to make this completely objective and i know that sucks i know it’s a lot easier with completely objective rules but i’ve not found a way to make this completely objective yet but this is the way i identify major swing levels it’s the top and the bottom of my impulsive move remember in a trending market a trending market can look like this and do this and then go up and then do this and then go up and the levels we’re paying attention to are major swing levels during a trending market what i mean by that is we have a high here once we break through that high what’s our rule once we break through that high we can’t see the market come down and break through the lowest low of the pullback if it does then we don’t we do not consider this market still in an uptrend but as long as we stay above it like we have here then we are considered to be still in an uptrend especially when we come up and start breaking into new highs that confirms the continuation of that uptrend so the major swing levels in this case would be our initial starting point our new structure high our pullback our new structure high and our pullback now the thing is you’re not going to know this is a major structure level or a major string level string level excuse me a major swing level until we break into new highs and that’s just that’s just because this is the level we don’t want to see broken by the trend so that’s totally fine we need to see the market break into new highs before we know that our pullback levels are the bottom of a pullback there’s no way to know that this is the bottom of a pullback until we break into new highs because the pullback could continue continue continue right so with that being said hopefully now you understand what major swing levels are in terms of minor swing levels it would be everything you see in between so this would be considered a minor swing level this minor swing level minor swing level minor swing level in terms of a trending market we do not pay attention to those we do not use those for anything we’ll do a bearish example now though and what i want you to do while we’re looking at this chart is try to point out the major and minor swing levels for yourself i’ll give you about five seconds pause the video if you need to and try to point those out before i do hopefully you pause the video and have those pointed out now but this is how drawing out major swing levels in this bearish example would look we would have a starting point up here as a major swing level the market would pull down what are we waiting on an impulsive move must break previous structure so now that we have this big move down we can see that it actually broke a previous level of structure so now we know this is an impulsive move then we get a pullback and we don’t know that this is the top of the pullback until what until we actually break through this support level once we do we can now count this as a major swing level as well this is another major swing level and we know that now this is a major swing level once we break through that we continue pushing down and here would be our next major swing level where this heavy pullback starts now what our next swing level would be is the top of that pullback which is right here after that the next impulsive move we have remember an impulsive move must break our previous level our previous major swing level so if we draw a line right here you can tell that this would be our next drawing point this would be our next major swing level i know a lot of you probably said this was a major swing level but we don’t have a break of our previous major swing level right over here so with that being the case there’s no way that we can count this as a major swing level so this would be the way we would draw out this trend than the top of the pullback another major swing level pushing down we have to break and close below structure we do that right there so now we have a push down and this is our next major swing level what’s the next thing we need to see if this market’s going to reverse and we’re going to find another major swing level we need to wait for the break of what this level here after we get a break of that level we can find our next swing level before the market pulls back and then continue looking for major swing levels in order to determine trends in a specific market now again there’s no way to have this completely objective and it’s something that you will just have to spend time learning and understanding let me show you an example of what i mean though one of the things that i was talking about is this right we have a situation where we have what a major swing level here because it’s the bottom of an impulsive move as we push down from our pullback bottom of impulsive move pull back break this is our impulsive move so the bottom of that is determined once we get this big push up and we break above this resistance with that being the case this is definitely a major swing level this is definitely a major swing level and in terms of this now being a reversal we’re considering this market to be in a possible reversal until we break and close below here and this being a major swing level what’s our next major swing level the bottom of the pullback right but we can’t call this the bottom of the pullback yet why because we don’t know if it’s going to be the bottom of a pullback to show you an example of that if we move this market forward you’ll see that we start to get another lower low right here than the previous low so now is that the bottom of the pullback no we don’t actually know the bottom of the pullback until this level is broken so we have to hit play just kidding apparently market replay doesn’t want to play right now we have to hit play still not working okay i guess you’ll just have to hear a bunch of clicks as you can see we eventually drop down even lower at this point so now we still can’t consider this the bottom of a pullback the reason being we haven’t broken above this level so we still have to wait and see if we can eventually break through this previous .
Stock trading and profit through the Internet, the best tips for further profit .
