Costliest Trading Mistakes To Avoid
18:15
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@dananjayachathuranga7113
@dananjayachathuranga7113 3 сағат бұрын
Thank you !
@RicardoGonzalez-oy4oj
@RicardoGonzalez-oy4oj 4 сағат бұрын
Good morning
@ivanliu9428
@ivanliu9428 10 сағат бұрын
if i want to do manual backtest with tick data, I should get package 5?
@ivanliu9428
@ivanliu9428 10 сағат бұрын
i trade ES
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 сағат бұрын
If you don;t need live data then package 5 is enough.
@alcasnax
@alcasnax 12 сағат бұрын
What plan you required to have access to foot print chart 5 minutes time frame
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 сағат бұрын
Premium. It's right there in their plan descriptions.
@alcasnax
@alcasnax 3 сағат бұрын
@ thank you 🙏
@serenelyzen4932
@serenelyzen4932 19 сағат бұрын
Wow. Great Information and easily explained. Thank you!
@K.Guillaume
@K.Guillaume 23 сағат бұрын
Thank you. This video helped a lot after days of frustration.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 21 сағат бұрын
Glad it helped!
@indrapokwal1583
@indrapokwal1583 Күн бұрын
Hello. Do package 5 does give live data for MES?
@PriceActionVolumeTrader
@PriceActionVolumeTrader Күн бұрын
No, you need 11.
@indrapokwal1583
@indrapokwal1583 23 сағат бұрын
@ thank you. One more question do I also need to have live funded account for live data ?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 18 сағат бұрын
I explain it in that video and others. On Sierra Chart to qualify for the cheaper non-pro data CME feed you need to prove your trader status and the way to do that is connecting a real futures account to your SC. So you don't need to even be actively using the account, but you need it just as proof basically.
@peipewde6988
@peipewde6988 Күн бұрын
He focuses on numbers and logic, so even when I see him take a loss, I understand that the market isn’t perfect. I’d much rather hear a trader say, “I went long because there were aggressive buyers and I noticed absorption at a key level,” than hear someone say, “I went long because of a head and shoulders pattern.”
@peipewde6988
@peipewde6988 Күн бұрын
Beautiful video alot of information, thank u
@PriceActionVolumeTrader
@PriceActionVolumeTrader 18 сағат бұрын
Appreciate it. These are the very first 2 I have done, I'm sure as time goes on and I get more used to it we'll get even better.
@dan_pal
@dan_pal Күн бұрын
Thanks for the review. I think volsys would be the best option if the firm offered level 2 data.
@michaelnoyelle8581
@michaelnoyelle8581 Күн бұрын
Lots of respect for your work and your character.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Күн бұрын
Appreciate it Michael
@saeidkarimi9878
@saeidkarimi9878 Күн бұрын
hi Why do you use both Sierra Chart and TradingView? Sierra already has all the features I’d appreciate it if you could explain because my English isn’t good enough to fully understand the videos.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Күн бұрын
TradingView is much more convenient and simple to use. And I can analyze any market all in one place and it's cloud based so I can access it on my phone or any device too. I pretty much use Sierra Chart just for the day trading orderflow tools.
@tommytom9475
@tommytom9475 2 күн бұрын
I have to say you are pretty good and honest in an industry full of fakes
@PriceActionVolumeTrader
@PriceActionVolumeTrader 2 күн бұрын
Appreciate that Tommy!
@workerX
@workerX 3 күн бұрын
Wonderful informative stream. Many thanks!
@josephtarantino8608
@josephtarantino8608 3 күн бұрын
Yep wicks must be engulfed as well
@josephtarantino8608
@josephtarantino8608 3 күн бұрын
Whats the win rate nice teaching
@quietdeep8663
@quietdeep8663 3 күн бұрын
thank you for your stream!
@d-fenz
@d-fenz 3 күн бұрын
Can you do a tutorial how to use your bookmap heat and bubble indicator please. I just purchased yours
@PriceActionVolumeTrader
@PriceActionVolumeTrader 3 күн бұрын
It’s in the world
@514crypt
@514crypt 3 күн бұрын
thank you for providing this great value for us on youtube! im learning alot and thoroughly enjoy watching the streams
@paulkennedy3297
@paulkennedy3297 3 күн бұрын
Well done for doing it, takes a genuine real trader to do it live
@mindsmash6538
@mindsmash6538 3 күн бұрын
Where do u anounce that you're gonna start a live stream ?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 3 күн бұрын
I have talked about it for 2 weeks here on KZbin and Twitter
@jesperhanssing9549
@jesperhanssing9549 3 күн бұрын
I loved the video. Great format 👍
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
Thanks everyone that tuned in. I've been a little sick but did not want to miss this first stream. It's gonna take some getting used to, but eventually it'll become routine and I'll figure out the most efficient setup. See you on the next one!
@Celenino
@Celenino 4 күн бұрын
Was great to see you and looking forward to the next one. Thanks!
@kursatzengin5851
@kursatzengin5851 4 күн бұрын
Thank u, and what if i cancel the subscription before the end of the month? Do i still have to paye ?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
No. It’ll just expire.
@kursatzengin5851
@kursatzengin5851 4 күн бұрын
Do we have to pay monthly fee for the evaluations ?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
Yes. Once passed it is a one time payment to activate the funded account and you don't pay anymore monthly membership.
@EnlightenedTonySharp007
@EnlightenedTonySharp007 4 күн бұрын
Your videos and its content are what we call hidden gems and Ill go as far as to say hidden treasure chest, a wealth of info compacted into a 17 minute video. Thank sir, much gratitude
@peterp4753
@peterp4753 4 күн бұрын
Excellent teaching!
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
Glad you think so!
@williamchiu65
@williamchiu65 4 күн бұрын
Looking forward to following your live trading day analysis.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
You and me both!
@gopalkrishna5275
@gopalkrishna5275 5 күн бұрын
Sir is this useful for swing trading stocks on a 4hr or daily time frame
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
I don't think it has a lot of use personally on higher timeframes. I've only applied it to short term strategies.
@gopalkrishna5275
@gopalkrishna5275 5 күн бұрын
@ thank you for your reply sir. Appreciate it. Could your recommend any good leading indicators that I can use for swing and positional trading on stocks.. I have tried common indicators like macd, RSI etc etc.. it dint work. So I am researching order flow, order blocks and other meaningful indicators. Thank you 🙏
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 күн бұрын
Honestly my #1 thing is volume profile for that. Using higher time frames.
@FORZEFUL
@FORZEFUL 5 күн бұрын
Great to see you face man, thanks for the stream hope to join the Discord in the coming months.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Appreciate that. It's been years leading up to the webcam! lol Look forward to connecting then.
@Amy-t5j
@Amy-t5j 5 күн бұрын
does takeprofit trader allow sierra chart trading?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Yes. You can use Rithmic data on many platforms including SC.
@steph-se2yw
@steph-se2yw 5 күн бұрын
Good luck with your streams . Monday will probably be not normal due to the new 25% taxes with Canada and Mexico that Trump just announced Saturday
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Yeah, I mentioned in there that that Friday dump was due to that and we can expect some more of that. We'll see how Monday opens but definitely need to be careful of any sudden volatility with announcements.
@BrinxTrades
@BrinxTrades 5 күн бұрын
Do you still pay activation fees for either one of these accounts. For instance top step will make you pay like 150 to activate the account
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
MyFundedFutures has no activation fees on either of their 3 accounts (not counting the Straight to Funded Milestone). Tradeify has only one cheaper account with activation fee and another one without (not counting their Straight to SIM Funded).
@welfaretrust8576
@welfaretrust8576 5 күн бұрын
thank you sir for this valuable Insight❤❤❤ very rational fundamental logic 👍
@tylerborg8000
@tylerborg8000 5 күн бұрын
I thought support and resistance levels were supposed to be on high volume levels
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
The POC's of the high volume nodes can reject prices, but generally areas wuith lots of volumes tend to attract prices and it chops around there. The LVN zones are where more rejections happen or prices trades through very quickly with little volume acceptance.
@martyn4190
@martyn4190 5 күн бұрын
Hello
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Hey
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Thanks everyone that tuned in to this surprise test livestream. Just getting OBS all set up and getting a feel for the livestream setup. Monday morning I'll be showing a lot more charts and we'll see what opportunities we can capture. Excited to start this new phase on the channel. Appreciate video "likes" to help the channel gain more exposure 💪 00:00 - Intro and Setting Up 06:00 - Bitcoin 11:25 - ES/SP500 19:55 - NQ/Nasdaq 28:20 - Plans Next Week
@alexisnannini2096
@alexisnannini2096 5 күн бұрын
Great video! How do you determine which timeframes should be used together? Is there a specific rule for how to determine what the lower and higher timeframes should be?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
I like the daily, 4h, 1h, 5m/1m combo. That's generally all I use for top to bottom analysis and execution. In general I remember reading in technical analysis back in the day that you want timeframes that are 4-6x smaller than the other. So they are not too similar but also not a huge time difference between them.
@alexisnannini2096
@alexisnannini2096 5 күн бұрын
@@PriceActionVolumeTraderthank you!
@victorcho8738
@victorcho8738 5 күн бұрын
Do you personally use Tradeify, I ask because I don't believe it works with Sierra Chart.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 5 күн бұрын
Yes. You are correct, right now they only work with Tradovate/CQG data. So you can use Ninja, Tradovate or TradingView. I use them through TradingView personally.
@victorcho8738
@victorcho8738 5 күн бұрын
@@PriceActionVolumeTrader Makes sense, thank you very much for the quick feedback !
@kjtrader-eh3kl
@kjtrader-eh3kl 6 күн бұрын
Which is best for backtesting?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
They all work with the replay function. I would say package 5 or 11 advanced to get full market depth.
@iamthelastemperor
@iamthelastemperor 6 күн бұрын
Great video. Thank you.
@JasonBlake-c5c
@JasonBlake-c5c 6 күн бұрын
Another fantastic video! Do you know if there is a study available for the commitment of traders report? Thank you very much.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
I'm sure there are at least user generated ones but I have not used any myself.
@snirsade5502
@snirsade5502 6 күн бұрын
What does the bubble om your candle mean? What study is it?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
Large trade indicator
@GPXpress
@GPXpress 6 күн бұрын
Awesome, I think market profile and auction theory still the best way to trade.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
I like them as confluence. Definitely great tools.
@alejandroleyva8628
@alejandroleyva8628 7 күн бұрын
Is there any prop firm that i can swing trade ? I usually hold trades for a week
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
None of the mainstream ones that I know.
@alexisnannini2096
@alexisnannini2096 7 күн бұрын
Hi, do you have a course that goes into details for swing trading?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 7 күн бұрын
The Price Action and Volume Profile course goes into concepts both useful for short and swing trading.
@willsou1
@willsou1 7 күн бұрын
Thanks, this is very helpful
@PriceActionVolumeTrader
@PriceActionVolumeTrader 7 күн бұрын
Glad it was helpful!
@Blessinsz
@Blessinsz 8 күн бұрын
with the 50k account I know you mentioned that my drawdown is 2,000 but what happens if I decide to build up the 50k account to 60k and beyond, what would be the max I can lose ? lets say I have the account at 60k?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 8 күн бұрын
The Trailing drawdown locks at the original account size. So your max loss would start at $48k and after you pass $52k in balance it would stay at $50k.
@alcasnax
@alcasnax 8 күн бұрын
i love how you explain everything Thanks for share
@alcasnax
@alcasnax 8 күн бұрын
Do i have to suscribe to sierra charts ? what would be the price for it , Im very interested to have sierra chart in my arsenal to trade the ES .let me know what is the process i will really appreciate
@PriceActionVolumeTrader
@PriceActionVolumeTrader 6 күн бұрын
I have several videos talking about Sierra Chart connections for both live accounts and funding props: kzbin.info/www/bejne/qZLdl5lma7-fq8U kzbin.info/www/bejne/qHzVYqiidp2qoMk kzbin.info/www/bejne/jGSxmX1ogKyVqLM kzbin.info/www/bejne/iKG3iI1srLGaqtk
@alcasnax
@alcasnax 5 күн бұрын
@ 🙏🙏🙏🙏thanks