Profitable candlestick patterns for traders
examine how to desirable study a chart due to the fact if you are no longer analyzing the chart top you are going to be on the incorrect facet of the chart the incorrect facet of the market and that is going to value you a lot of cash so i’ve been speaking to a lot of merchants recently who are like you understand what i suppose i have my management
down i am simply accurate jared at following my format however then they ship me some of the trades they’re taking i am like that is no longer a purchase setup oh it really is now not a breakdown this is no longer a climactic you are analyzing the chart totally incorrect all proper so state-of-the-art lecture we’re going to
dig virtually deep into how to examine a chart desirable you do not prefer to leave out this one ok i am jared wesley of stay merchants if you like these movies please click on the like button hammer smash the subscribe button let’s get to it
latest lecture subject matter is how to examine a chart appropriate so what we’re going to do is we’re going to take one to two charts
and we’re going to dig deep granular deep like there may be perhaps 10 slides in right here and noticeably a good deal the equal chart is in seven of these ten slides due to the fact we’re going to dig deep uh into this due to the fact i am getting some emails from people which is
opposite of what i am commonly getting proper most of the time it is whats up jared i am absolutely struggling to manipulate my trades i am promoting too quickly or i am no longer preserving to goal anything proper however these days i am getting a lot of these jared the market’s so difficult these days and you be aware of i i simply obtained two emails
this previous week from human beings the place they stated i am virtually managing flawlessly which means i am now not breaking my graph however my batting common is 31 or 27 nicely virtually in that case you are no longer analyzing the .
chart desirable so these days we’re going to dig in a little bit on how to study a chart good objectively and it’s the key objectively for sure we see it each and every day in the chat room there may be a lot of differing opinions about shares it’s what makes the market go up and down and sideways and all around
but we right here at stay chargers we do it a particular way due to the fact it works properly for us however earlier than we dig into any of that we should first speak about when will the madness quit um i am signing nowadays a little
this one is we have achieved a lot of these proper thousands actually heaps of these this one is is a hard one proper some of them we sit down there and go what an idiot
right and different ones are like wow that is loopy this one is unhappy it’s all i can use is the phrase i am going to use these days it is simply unhappy all proper so let’s dig in you can study the pinnacle this e mail used to be sent
to me i do not understand possibly 5 or six days in the past it wasn’t that lengthy in the past madness 27 zero lawsuit ok so besides analyzing this it is now not very lengthy however um anyone borrowed 25 000
from their wife’s grandmother borrowed 25 zero from their wife’s grandmother k and uh this character was once excited obtained the
money into his account with the aid of friday morning all proper this is 5 days later monday cash in account friday morning it was once long past plus the 2k he was once supposed to quote study with 5 days
gone any individual else’s cash your wife’s grandmother speedy ahead a few months the mortgage got here from his wife’s grandmother now the grandmother has filed a lawsuit his spouse has left him and moved throughout the u . s . additionally has custody of their
kids filed for divorce and is now dwelling with a buddy of theirs his lifestyles is ruined completely now i am positive there may be likely a little extra to the story than simply that however i have a feeling the 25 zero used to be a fantastically massive phase of it once more there
might be greater to the story however how do you borrow 25 grand from any person and then blow each penny of it two motives get wealthy rapid no cash administration that is it get prosperous rapid no money
management this is now not an effortless factor to study somebody’s no longer seeing their adolescents over this a persons’ getting a divorce over this and on pinnacle of these matters they’re going to have a lien put towards them due to the fact they’re possibly going to lose in courtroom relying if they what kind of an settlement they had is
going to have to pay returned simply 25 zero on pinnacle of it it is it is i typically provide human beings a difficult time and i giggle at a lot of these this is simply unhappy now the factor of going via this is this is a serious commercial enterprise we simply got
done speakme about how notable the enterprise is due to the fact you can exchange from somewhere in the world that you favor to change however you do not favor to do this both proper this is a very very serious element and i am now not going to harp on this character this used to be simply a silly mistake and this mistake isn’t always simply a economic mistake
it’s costing you your household your youngsters and you are nonetheless going to have to pay the cash returned too so i would simply say to you guys please take this stuff significantly take your
money administration severely to be triumphant you first have to ultimate if it is your very own cash it truly is your desire however when you are borrowing any person else’s cash man that is difficult we’ve got all made errors in existence however this is tremendously egregious 5 days twenty 5 thousand dollars
all proper serious stuff control your cash all proper so let’s dig into modern-day subject um we’re going to speak a little bit k no longer in massive element but
a little bit about transitionary retest and screw ups ok due to the fact i do not discuss about this subject matter very frequently so you can see right here on the left hand facet we’re in a downtrend decrease low decrease excessive decrease low decrease excessive decrease low and we nevertheless certainly have a decrease excessive here
but what we get over right here as soon as we wreck this yellow orange line anything it is you this is what we name a trendlined damage proper so this is a fashion line which once more we do not speak a ton about right here at stay merchants even although they are useful
um you are breaking above the style line ok this is the first warning signal the first indication note it says now not an motion match this is your first warning signal that possibly the downtrend is ending we do not know
this but k however this is your first signal that possibly the downtrend’s ending possibly momentum is slowing down you may additionally observe in right here there is a transferring common k you may word that it is no longer simply breaking the style line it is also
breaking above the transferring common so it truly is take a look at one test two breaks the vogue line warning signal no longer an motion match breaks the shifting common warning signal now not an motion match re-tests and fails to put in a new low proper right here so it re-tests the prior pivot however it
does now not go beneath the inexperienced line warning signal feasible motion match we are going to speak about that a little later viable motion match however we’re nevertheless in the warning signal degrees right here then what happens
possible extent spike which is no longer on the chart greater affirmation feasible prolonged cross many bars down greater affirmation proper what i am announcing is is the context things k taking some thing in a bubble or out of context does not do us any excellent so i
want to recognize what does the higher image seem like right here is this inventory down like 27 days in a row is this stock long past from a hundred bucks down to 20 and then it breaks the vogue line and then it has a large extent spike and then
it has a greater low proper so all of these matters put collectively are going to assist us examine the chart higher however it is nevertheless an aggressive region to purchase this chart you
generally favor to wait till it to put in at least at least one greater excessive ok and one greater low technically speakme we are nevertheless now not in an uptrend but proper we’ve got solely put in one greater excessive and over right here two greater lows properly the definition of an
upper stop is more than one which capability two or greater greater highs and greater lows two or extra greater highs and greater lows we do not have that however one of the most secure areas on this chart is proper right here see the the rising shifting common see
the the inexperienced pullback right here why due to the fact now you have a greater low all proper now you have damaged the vogue line now you have additionally put in a greater excessive and keep in mind for these who have taken
professional buying and selling techniques what used to be the ceiling turns into the ground so this crimson line used to be the ceiling on the way returned up however now over right here it is damaged thru it and it turns into the flooring on the way returned down so this is
one of the most secure areas you can purchase on a chart due to the fact of all of the signs and symptoms you’ve got gotten all of the affirmation you have gotten and now you are in between what we name a stage one and a stage two which is a transitionary length between stage one
and stage two so we’re essentially going to discuss about this these days however we’re no longer gonna speak about it um in phrases of uh you understand charts that i make we’re really going to appear at a actual chart and go over this k so the first chart we’re going to appear at is this
but this is no longer the one we’re going to spend the most time on ok so be aware inventory is shifting up shifting up transferring up and then it goes decrease decrease decrease decrease decrease from 28 bucks down to 10 however note on the way down you have a big
bottoming tail on a massive extent spike and then it breaks above the vogue line proper it bothers you no it would not put in a excessive or excessive but it does destroy the style line so it’s warning signal variety one oh ok this inventory has moved pretty a bit decrease from 28 to 10. large quantity spike bottoming tail breaks the trend
line all of these are warning symptoms now not one of these matters none of these matters are motion activities there are warning signal occasions ok then we pull returned and we get a re-test ok note
the retest additionally has a quantity spike on the inexperienced bar and it is a greater low so the query right here truly is how aggressive do we prefer to be all proper due to the fact as it stated on the final slide you can purchase right here however it is a whole lot more
aggressive k in this case it bounces off the low on extent with a greater low as nicely and offers you a little bit of a three bar play now this is no longer a common three bar play we do now not usually take three
bar performs internal or out of a purchase setup ok so in this case you ought to pick to take this or what you should do is wait for it to put in a greater excessive over right here and appear for a decrease time body entry due to the fact this is a each day chart you should seem for a decrease time body entry however the point
on this chart is to get you to apprehend how shares go from a downtrend to a sideways vogue to an uptrend all proper it does not simply take place in one click on proper to get affirmation is typically to have that greater low
double backside retest typically a greater excessive extent spikes and so on and so forth so once more to repeat myself for the seventeenth time you choose a couple of principles converging in an vicinity to get the easiest degree of affirmation which is additionally the highest
accuracy in your buying and selling so let’s take it to one extra chart and this is the chart now that we’re going to spend the time on k we’re going to seem to be at this like six approaches from sunday k so we have a inventory right here that
is transferring decrease on the left hand aspect of the chart k purple bar purple bar pink bar bounces up pulls again bounces mild pull returned bounces pulls again bounces pulls again bounces pulls lower back however word what we’re seeing here
we are seeing a micro time body in this case i trust it is a 5 minute chart a micro time body transition a inventory that used to be going from a stage four downtrend into a simple double backside re-test with a greater excessive higher
low greater excessive greater low that sooner or later strikes lower back in to a stage two uptrend however on a micro time body k on a 5 minute chart so now we’re going to speak about suitable trades
versus awful trades all proper due to the fact now not each one of these purchase setups is created equal and this is the factor i prefer to make in regular nowadays is simply to due to the fact a inventory has two greater highs and two
higher lows would not make it an uptrend or a downtrend simply due to the fact a inventory has you understand two decrease lows and two decrease highs would not routinely make an uptrend or a downtrend all proper and what i wager what i am my factor surely is
be very particular with your entry standards you recognize you guys need to have pre-trade checklists the place you had been very distinctive and very precise about what you have to see earlier than you take a exchange and i see it often for example
imagine a inventory shoots up and it goes from seven greenbacks to ten greenbacks on a 5 minute chart assume about what i simply stated from seven to ten the inventory pulls lower back two bars from ten to 9 and you are like all proper i favor to take the purchase set up you are like whoa whoa wait a 2nd that stock simply moved forty percent
right from seven to ten greenbacks and it is doing a one greenback pullback and you desire to take a shallow retracement purchase set up you do not assume possibly that stock’s worn-out so this is what i desire to discuss to you guys about these days is the nice of the
patterns you are taking is very necessary ok the excellent of the patterns you are taking is very essential so take a appear let’s charge these trades k so we have one two three 4 5 red arrows here accurate trades versus bad
trades so let’s begin with variety one k let’s begin with this one to the left all the way on the backside here what do you guys assume about this one on the backside all proper this flat red arrow
good terrible crappy love it hate it so most of you guys are announcing too aggressive crappy aggressive too risky all proper and bet what you would you would be proper proper this is a tremendously dangerous
setup the inventory hasn’t even put in a greater low but so we’re nevertheless in reality in a downtrend and the different and this is what i prefer you guys to do although at first you are like oh yeah crappy however we prefer to be aware of why it is like when you do a math you be aware of query in faculty you can
get the reply however the trainer favor to recognize how did you arrive at the reply proper what was once your manner so what’s our method right here properly we have a declining transferring common do not we k this is no longer a bullish signal all proper we have a inventory it really is virtually put in
multiple decrease highs pivot excessive right here decrease pivot greater that is two ok we put in a decrease low here so honestly there is nothing right here to propose we have to purchase this due to the fact we’re in a downtrend we’re beneath the moving
average we’ve got put in uh two decrease highs we put in a decrease low there is no extent spike down right here even on the backside till there is there is certainly nothing right here to say yeah the solely component you can scratch at
here the solely issue is it is what i would name a vulnerable new low proper it is no longer a considerable new low it is a vulnerable new low proper in this case you would name it a sturdy new low proper due to the fact it is it is a inventory it’s shifting decrease so it is no longer what we would name a vast new low proper peek-a-boo
lower that is the solely component you can hold close at the whole lot else is towards you right here you would not purchase this however but assured one hundred danger someday in the subsequent week any person in the chat room will appear at a inventory simply like this and say jared it is a double bottom retest let’s purchase it
are there situations in which we may justify shopping for this there are however they’re few and some distance between perhaps it is a climactic pass or a inventory that gapped down forty percentage like salvation we had been very aggressive proper we have been very aggressive
so there would possibly be a situation in which we may want to purchase this however they are very few and some distance between and ninety five of the time you are now not ever going to take this lengthy so now let’s go to this one all proper if we go right here and in truth let me let me
go over right here all proper there we go ok we are going to go over right here my apologies all proper this is the identical chart we simply talked about so your reply is 27 forty seven your stops 27.36 i suggest this is hard proper this is honestly definitely certainly difficult if you have been to purchase it
it would appear like this goal over right here goal over right here however we’re no longer going to purchase it due to the fact it is simply no longer a accurate bicep it is some distance too aggressive once more you would possibly be in a position to locate an exception however most of the time you are going to continue to be away it is a ways too unsafe and the
other factor too is i do not desire to hear your hindsight bias how later on you are like however it moved up two bucks we do not care proper in actual time no longer a excellent purchase setup k now
let’s cross to the 2nd one ok this is a inventory that has now put in a little bit of a greater excessive let’s put in a greater low ok one of the matters to think about here
right one of the matters to reflect onconsideration on right here is if we seem to the left what do we have right here proper right here the place i am circling is proper there what is this discuss to me proper there what is it i am circling it
indecision consolidation struggling guide uncertainty come on
only one individual has gotten half of the reply proper come on guys it is a failed phone setup it is a failed phone setup
yes if you have been to take the strictest definition from the textbook does this now not have two or extra greater lows sure does it now not have two or greater greater highs sure does it now not have a topping
tail sure it does is it in a downtrend technically sure it is it is a failed mobilephone setup see you guys are searching at this facet of the chart end cowl it cowl this facet of the chart and simply seem to be at these bars proper here
right the place this inexperienced line is it simply is by way of textbook definition it is we can have a debate whether or not it is a appropriate one or a terrible one however we’re now not going to debate whether or not it is one due to the fact it is one good
not truly the retracement degree is tremendously deep however it is technically a telephone setup ok now the purpose you guys not noted it is due to the fact you are all you are already searching over right here to the proper you are already centered over right here you have simply not noted now think about if you put a piece
of paper over this proper think about let’s simply do this for a 2nd all proper simply for exciting let’s do this ok it is extraordinary isn’t always it proper now it appears a little different
now you are searching at it going hmm that does not seem to be like such a horrible promote set up in reality what if we whoa hey what if we go it to proper there k this is why it is absolutely essential to cowl the future when you are when you’re
looking at charts and you are reviewing charts due to the fact in actual time you do not comprehend what the future brings proper it is proper you do not this is why i cannot stand hindsight bias so yeah it has a topping tail it has greater lows it has greater highs it is not a downtrend it is surely on the shifting average
right i want encore more cost-effective proper anyway some of you would possibly be tempted to take that it is difficult proper so let’s go alongside from that and talk
about the purchase setup so now what we have is a failed income up now why is this essential ok i am on powerpoint brayden i am positive you have get admission to to microsoft workplace go to first-rate purchase it is 149. all proper so
why is this essential why why is this necessary anyway simply inform me why do i choose to speak about this failed cellphone setup
what is a failed mobile setup truely what is a failed telephone setup absolutely this is out of expert buying and selling techniques proper you are on the proper it truly is it it is client stepping in it is confirmation
of consumers it is a bullish sign shoppers coming in it is a electricity affirmation it truly is what i am searching for it is a affirmation of energy so it makes my choice to take the subsequent purchase setup a heck of a lot easier
because now i see a inventory that wasn’t a downtrend even even though it is a it is now not a substantial new low it used to be nevertheless in a downtrend all of a surprising i say a failed telephone setup consumers are beginning to take manage and
note it is in an place the place the shifting common starts offevolved to exchange course and it now will become the first greater low it as soon as it breaks above this topping tail proper there
this inexperienced line this pivot turns into the first greater low so now we are probably we do not recognize but doubtlessly beginning to transition k so no longer a considerable low right here a
failed cellphone setup now turns into a greater low shoppers are stepping up we nonetheless have some struggles this pivot k what occurs this large vary inexperienced bar takes out that pivot it is a new pivot excessive which is every other bullish signal so now
what do we desire to see after we have a new a greater low we’re above the transferring common and we broke the prior pivot what do we favor to see what’s the subsequent factor we choose to see discuss to me guys all right proper now
again i will repeat we have a failed cellphone setup a new greater low and we broke above the prior pivot what’s the subsequent component you favor to see a pullback with what a pullback is right a pullback with what
come on no we do no longer prefer to re-test we do now not prefer to re-test you favor a pull again with what thank you tuna tom thank you tuna tom if anybody else stated it i make an apology thank
you tuna tom with a greater low you may not you do now not desire to retest this prior low if it is definitely sturdy why would you favor it to retest a prior low you choose a greater low to show the consumers are stepping up even faster than
they stepped up before k this is very necessary right here due to the fact we have to i stated we’re going to get granular we now have a failed mobilephone set up with a greater low and a greater excessive the next issue you choose to see is a
smooth sequential pullback with a greater low and in this case we get a greater low and it is at the shifting common and it is roughly a 50 retraction if you take the purple line as the high
and you take the inexperienced line as the low this is roughly a 50 retracement at the rising transferring common hi there we’re beginning to do what put a couple of standards collectively to enlarge the accuracy of our trade
and it is all proper in the front of you do not put your opinion on the chart let the chart talk to you ok however you are going to leave out it if you are usually searching a long way to the proper in hindsight this does not show up in actual time so cease searching to the right
seriously simply give up searching to the proper what you favor to do take a piece of paper put it over the chart and go every bar through bar by means of bar one at a time and go now what after you see the one bar what would i like to see on the subsequent bar k now i see that what would i
like to see on the subsequent bar oh appear a inexperienced bar right here two decrease highs two decrease lows fifty percentage retracement riding transferring common now we have what greater excessive quantity one greater excessive variety two greater low quantity one greater low variety two whoo
now we formally have an early stage two uptrend which makes this entry at 2758 by using 2751 quote cash cash now can we dissect this even similarly and
criticize it certain we can would i have desired a higher or better greater excessive sure i would have this purple line right here this vast vary inexperienced bar i would have desired this to go a little bit greater why take out this pivot even greater show to me you are even that much
stronger however we can not be picky from time to time when we can be picky however you recognize what i am pronouncing we obtained nearly the entirety we desired to see there may be no purpose now not to take this purchase setup the solely cause would be some information document coming out like fomc or possibly the market just
starts to tank straight away in any other case there is simply no cause now not to take this k there is simply no motive and then what occurs we take the bicep the first goal place no longer a remarkable goal air it is solely 10 cents however it is solely a seven cent quit loss it is one and a half
to one at the first goal vicinity k once more now not remarkable however ok 2nd goal location is the prior pivot excessive the final pivot closing which is 2790 which occurs to be 32 cents away which is 4 and a 1/2 r it truly is better
so we cross up we go up now what’s the generic rule one two three 4 5 bars up you guys have considered it earlier than we have talked about it three bars up assume about promoting or suppose about a pullback 4 bars up truely assume about promoting or clearly suppose about a pullback 5 bars up really
really suppose about promoting or assume about a pullback properly as soon as you get up to right here in the prior pivot you have to essentially be out of this change or be out half of of the exchange now it relies upon on your administration fashion if you are a pivot primarily based dealer you are only
probably going to promote a 1/3 or half of of your of your your shares and then wait for a pullback and then add and decrease add and limit k so now we recognize that this purchase setup proper right here is absolutely fine now what
now let’s pass on to the subsequent one ok now we have a 2d purchase setup proper right here k what do we understand earlier than this purchase setup ever triggers what do we know
basic matters inform me some primary matters earlier than this purchase setup ever triggers simply about the chart in everyday what new data do we have now some thing have we realized something vlad has it we recognize we’re in an uptrend
now proper we’re no longer transitioning anymore proper we are now firmly in a new stage two uptrend it is a micro uptrend due to the fact this is a 5 minute chart however it really is k it is nevertheless an uptrend ok it really is sincerely good
we additionally be aware of for this purchase setup to work we’re gonna have to overcome a double pinnacle that is no longer always convenient proper so we’re we’re juggling at this
point proper so we be aware of we’re in an uptrend suitable we understand we’re at or close to the rising transferring common correct we recognize that this bottoming tail is at prior charge guide proper minor fee assist top we understand the pullback is possibly 40
50 accurate so we have all these tests desirable exact top top accurate this is the place your pre-trade guidelines will become sincerely necessary due to the fact we do have to make selections on the fly and now and again these selections are really
obvious and from time to time they’re no longer as apparent ok so in this case we recognize we’re in an uptrend we be aware of we have a forty or fifty percentage retracement we be aware of we’re at a rising shifting common we recognize we have a bottoming tail we be aware of we have a slender physique bar but
we have some congestion at the pinnacle some overlapping bars that if we drilled down may be a two minute or a one minute consolidation properly we do not like rectangular tops this is a problem and there is a prior pivot excessive so now we
have two pivots what do you do right here i imply this is a authentic selection what’s the selection you acquired to make nicely one 27.79 is the entry 2770 is the end 9 cent end eleven target
okay what do we do right here change administration felix will become very necessary so let’s let’s speak about it if you are doing one r aims possibly an ok alternate to take possibly right
if you are doing two r pursuits however you pass to damage even at one r in all likelihood an ok exchange to take in all likelihood probable really worth the hazard however what if you are doing two or three are all or nothing
now now it is now not as clear as it was once i am now not pronouncing you can not take it i am pronouncing it is genuinely a problem at this factor it is come to be extra volatile due to the fact you do not have safety and let’s be honest we are in an uptrend however we’re additionally at a double
top and this is the place placing in a greater excessive would have made me sense an awful lot lots tons higher so if this inventory had moved substantially above the purple line like say to 28 ok proper say it had moved we would not be having this discussion
but it did not so there is actually nevertheless a few retailers left in the constructing due to the fact the inventory pulled returned now in equity it used to be up 5 bars when it pulled returned however it nevertheless created a double top
for me i would take it due to the fact i do not do 2r all or nothing and i increase my give up especially rapidly however if you are doing all or nothing there is a selection there ok there is a choice there all proper now now let’s pass to this all proper so now
we’ve moved up some other one two three four 5 six bars in a row very robust cross via the way we pull lower back and we have any other purchase setup now
by definition we have some other purchase setup two lower highs more than one two or extra decrease lows in an uptrend it really is it it’s all the e book says two greater two uh lower highs and two decrease lows in an uptrend surprisingly sequential pullback properly we should argue about the sequential but
what about this now what about this purchase setup appropriate horrific unsightly what do you guys suppose provide you a 2d to suppose about it what do you assume about this bicep
depends on the atr of the inventory ok overextended now not properly properly let’s ruin it down let’s wreck it down ok we’re up one two three 4 5 six bars so we comprehend the place their strength
here it truly is right received a little a ways from the transferring common and pulled returned closer to the transferring common however this pullback is it is noticeably sloppy it is a very uneven overlappy pullback proper the overlap on each one of these
bars is pretty enormous it is now not clearly a sequential pullback they certainly have tremendously equal bottoms right here it is at the transferring common k that is a plus take a look at that off on your guidelines the inventory is up pretty a bit
that may want to be a bad region of your guidelines we take a appear at the chance to reward it is a seven cent quit loss and the first goal is the 20 um sorry the place is it 2816 vicinity so you have eleven cents so
that’s one and a half of however this is an region or or a state of affairs in which you would probable choose to drill down to a decrease time body the one minute or two minute why due to the fact i have a sneaking suspicion it is in reality unpleasant on the one or the two minute chart i be aware of this because
of the topping tail right here the little doji bottoming tail right here this slender physique doji bar proper right here this is indecision what’s going on right here consumers and retailers are hostilities it out and the pullback retracement degree is quite shallow like you desired to really
see it pull lower back to this inexperienced bar and humans ask this all the time properly why why would you favor to see it pull again to the inexperienced bar jared if shoppers are stepping up quicker it really is bullish no no it is now not now not continually due to the fact from time to time they step up earlier
but they have not rested properly adequate or lengthy adequate but so it is why and we speak about this in pts the 50 retracement is the perfect retracement due to the fact the 25 retracement potential it hasn’t gotten sufficient relaxation and
usually a leap from a 25 retracement does no longer put in a massive new excessive it typically fails quicker due to the fact it hasn’t rested lengthy sufficient k davey dave requested which time body transferring common are we searching at one davy dave
it would not depend k that is the first reply due to the fact simply it would not rely this should be a each year chart it ought to be a one minute chart it ought to be a month-to-month it should be a 60 minute it would not count number however we’re searching at a 5 minute chart k this is a 20 length shifting common however it
doesn’t count number what time body we’re searching at it does not k however this is without a doubt no longer a very desirable bot setup it is simply now not there may be too many negatives can we discover some positives simply of
course however this is one the place if you are going thru your guidelines you are probable going to locate a lot of empty packing containers test take a look at test perhaps two or three and then about 4 or 5 empty containers this is no longer properly sufficient it would not rely if it ought to work
anything may want to work a inventory it is up 27 days in a row ought to go up to twenty eighth day however we’re no longer we’re no longer searching for that we’re searching for odds based totally consequences proper i can not comprehend the future however i can use cutting-edge odds
to assist me predict the future and in this case i am now not getting extraordinary excited this skirt is now not getting blown up right here proper we’re no longer strolling previous the victoria’s secret window right here all proper no longer a terrible analogy these days however anyway
let’s take a seem to be at the closing one proper what about this first query sure or no wire in is this by using the textbook definition putting up
to be a purchase setup sure or no via the textbook definition no nope no no no no absolutely no sure to
extended extending extent sure it is no sure you guys are not paying interest are you the huge and majority of you are no longer paying interest we simply talked about this on the last
buy setup all you want are two decrease highs and two decrease lows in an uptrend so does this have two decrease highs nicely there is one there may be two there is three there may be 4 there may be one there may be two there is three
are we in an uptrend sure or no sure or is it a new excessive although victor sure we are in an uptrend there is nothing right here that says we are no longer in an uptrend we’re now not speakme about whether or not we would possibly quickly be transitioning we’re talking
about proper this very 2nd we are in an uptrend and this inventory has two decrease highs and two decrease lows purchase the e book it is a purchase setup and that was once the precise query i requested purchase the e book per the e book sure it is
so the subsequent query is the necessary query is it a right one no it is now not it is crap it is whole crap k why is it crap nicely let’s take a appear k it is crap because
this is a vulnerable new excessive proper this is the previous excessive at like 28 sixteen what’s this excessive 28 21 it put in a 5 cent new excessive what does this susceptible new excessive inform us discuss to me
three letter reply sorry three phrase reply three phrase reply it is a susceptible new excessive what does it inform us dealers coming in ok it’s any other way to say it
it’s any other way to say it it is worn-out it truly is any other way to say it the three phrase reply i am searching for is momentum is slowing proper this stock had a lot of bullish
momentum on the way up greater excessive greater low greater excessive greater low greater excessive greater low greater excessive greater low sure but it is a vulnerable new excessive word guys take a seem to be at this over right here this proper here
from this excessive to this excessive vast proper from this excessive to this excessive big from this high to this excessive enormous from this excessive to this excessive very insignificant it is a vulnerable new high
momentum is slowing retailers are creeping in however what’s additionally vital seem at each inexperienced bar on the way up what do you see on all these inexperienced bars guys forget about that it is inexperienced for a 2nd what do you see on this bar this bar this bar
this bar forget about that they’re inexperienced what do you see precisely proper uneven combat indecision topping tails there may be a battle going on right here proper there may be a lower back and forth fighting going on proper here
and the reality that it put in a susceptible new excessive tells you the combat is beginning to be gained through marketers proper these are uneven overlappy sloppy bars it peekaboos over by means of 5 cents and then
pulls lower back marketers are commencing to make growth they’re beginning to win the combat and then you get a pullback and the pullback is now extensively under the shifting common momentum is slowing down right here inventory is worn-out now no longer only
do we have the momentum slowing if we if we take this purchase setup on the way lower back up the threat to reward stinks ok properly i do not comprehend if it stinks it’s nevertheless ok but it is overlapping so you have greater of a
rounding pinnacle now proper we do not have that v pinnacle anymore it is a rounding top with loads of overlap so this is one you would sincerely continue to be away from ok so if we ruin this all down we have
we begin down right here proper with this pseudo double backside and we stated it is too aggressive to purchase this here k then we have a failed phone setup proper right here which confirms the purchase setup over right here we decided that this purchase setup
was very proper the 2nd one used to be rather top the 1/3 one was once now not so properly and the fourth one is simply utter crap k so they get successively worse as we go up
but you want to please put a piece of paper over the future due to the fact it is so effortless to say you would have carried out some thing when you comprehend what the end result used to be however in actual time it is it is exceptional and nearly no one without for one man or woman two and a time bought the mobilephone set up the failed phone set up
here which capacity you are searching too a ways into the future ok so a couple extra slides and then we’re gonna cease this this this is what fine transitions appear like k breaking of the fashion line higher
low greater excessive greater low greater excessive greater low oh my goodness these two purchase setups are so disgustingly excellent that it simply wow it’s a weekly chart from 20 this factor goes to 50. now i’m
not announcing you would have held it to 50 however you would have held it to about 37 you would have delivered proper there and perhaps you would have been out on this large crimson bar however this is what a desirable transition appears like i imply that is so unbelievably
incredibly first-class at twenty bucks and once more at like twenty 4 greenbacks all proper that is what a desirable transition appears like now once more i do not comprehend if you would have held via all this crap however you already made a bunch of cash here
you understand 17 go on a greenback cease is fantastically exact ok identical right here breaks the fashion line places in a greater low then breaks the style line places in a greater excessive and a greater low above the transferring common wow bottoming tail doji bar
it’s stunning k it is lovely all proper so that will do it for this week’s lecture i hope you guys discovered a little bit about appropriate purchase setups versus horrific purchase setups
how to extra precisely and excellent examine a chart and drill down extra granularly so that you are now not missing something and i am telling you please a pre-trade guidelines is your pal k it in reality is your buddy now when
you’re reviewing older charts cover the future facts ok however when you are in actual time buying and selling have a pre-trade guidelines and make positive it is very precise and if you do not get a sure quantity perhaps graded i want 70 out of one hundred if you do not get a positive variety you do not take the exchange .