Reading Candlestick Charts Was HARD Until I Learned This 3 Step Trick

[@DaytradeWarrior]

Checkout my Small Account Strategy Worksheet here 🎯✅👉 warrior.app/2024-small-account-strategy

[@infinitelyllc]

❤

[@johnsmith-tu9ii]

What do you set your fast, slow, and Mac D length at? If you don't mind me asking.

[@archanasrivastava7136]

I’m not able to access the various features mentioned in the two weeks trial period. I purchased the 2 weeks trial version

[@andrewbutler210]

Thank you

[@EntertainMeNow]

What do you think of renkos and heiken ashi lots of traders use them and supposedly it makes it more simple

[@pete69696]

I have to admit. I'm a trader of future s and commodities for 31yrs. I own my own private funds. You DEFINITELY explain things very well for new people and are spot on I have alot of respect for you bc u know and I know only 10% of us make it this long.

[@studdgage]

damn brother keep rocking it. Any advice?

[@shortdude-t5k]

way to many . (periods)

[@MrSunny1962]

Hello Pete you make a living at trading Futures

[@pete69696]

@MrSunny1962 yes. 3 decades

[@Disruptor444]

@@shortdude-t5k😂😂😂

[@scarlettb6810]

I never comment on videos, but I just wanted to do so on yours to let you know that you make very helpful and educational videos. We can learn so much from your videos every day.

[@danijel3227]

But important thing is that you never comment on videos...except this one....💩

[@joycewanjugu]

Same

[@Kurt22ism]

I know right. Massive knobber alert.

[@KjKj-ce4wz]

Started trading about 2 weeks ago. I knew pretty much nothing about stocks. I was losing everytime i tried to trade. So i turned to youtube to help me understand. I then found your videos. I knew right away this was the right channel for me. I have learned so much & i am actually making profit now. Thank you so much!!

[@DaytradeWarrior]

Hey that is great!

[@william6037]

Ross, you are hands-down the best educator for new or learning retail traders. Your honest, approachable manner really makes you stand out among the crowd.

[@EllenMorganNimitz-ir8oz]

In Total Agreement ...I enjoy your lessons. Thank You!!

[@MrBoytonius]

Couldnt agree more, Really valuable, thanks Ross!

[@ZeeZee9]

He's the best :)

[@BAKED_P0TAT0e-d1]

You can't say he's the best when you haven't even tried them all. My mentor (to me) is the best. But everyone can still learn.

[@ralstonroams8453]

I'm not gonna lie, i just randomly got this video in my feed, and this is the first time I have actually been able to follow along with a stock trading tutorial. It makes sense, i am actually learning something and he is not just shoving a course down my throat. Makes me want to continue learning and maybe try trading again in the future.

[@BonJoAtTheBonfyer]

SAME!😊

[@WoknRollFoodie]

"I'm not gonna lie"..The don't !!! ..why do people even start a sentencewith this 🤣🤣🤣

[@kalrothman4733]

Thanks!

[@lmao-rs1ph]

as a beginner and someone who likes analyzing graphs, this video makes the most sense in charting!

[@leighryan4]

Hi Ross, brand brand brand new trader here and im learning so much from you. You are a great teacher and provide examples that are simple to follow along with. Im sure im not the only viewer that appreciates your teaching and is learning hand over fist. Keep up the good work mate! Thank you :)

[@DaytradeWarrior]

Thank you! You can check out the trial here if you are interested in more education + scanners, news, chat and live trading video feed ! www.warriortrading.com/pro-preview-trial/

[@abda9212]

34:00 first candle to make a new high 40:35 exist indicator 41:50 what are the things I want to see

[@Makerman-Services]

Thanks

[@Makerman-Services]

Far out bro you’re talking about me at the start of the video. That’s me now and I just watched two of your videos and understood everything you said clearly and it’s already helping me. I dearly appreciate it. Thank you.

[@RonaldCornet-fj7fg]

Bedankt

[@fladoodleflipper]

I really appreciate the extent that you're breaking everything down. Being a beginner, I sometimes watch videos of traders where they're giving so much great info but my "literacy" isn't in a place to fully grasp yet. This video was really helpful.

[@aqtaii]

Thank you so much for these videos.

[@DaytradeWarrior]

Thanks for watching!

[@lchanel2862]

I have been watching online trade instructors for the last 5 years. This is by far one of the most insightful and well explained tutorials/strategies I've come across and you've included indicators, tools and additional support ! Well done! Very thorough and you've gained a new sub! Thank you for your dedication to others success! Well done!

[@kendallardoin233]

couldn’t agree more! Explanations are perfect.

[@davepersaud5424]

I am in awe of this particular video because of the volume of information. I will re-watch it a few times to get it all down. Thank you, thank you Ross

[@NinhĐỗvăn-t7k]

Such a valuable video, thank you! As an Anesaurus Signals member, I've found learning from pros so much more accessible.

[@tikotpun5670]

दायी तपाईँको देनहरु अति नै अनमोल छ।

[@duncanclarkfinnigan3444]

I'm sure you have a lot of friends and sometimes don't want more than even one friends but now I count you as a friend, maybe a best friend one day. Your work is amazing and your honesty is refreshing.

[@baccaratfunk]

I am already kicking ass using your educational videos. Very easy to spot Low RSI with high volatility and low float after a dip back to the MA, increasing volume 5x and a crossover from the MACD. MACD above the signal and sellers in short supply from the volume. . . . Easy to screen for low float and then BAM . . . Entry point after the dip from pre market My favorite news? A pennystock becoming NASDAQ compliant again. 20-100% gains in 20 minutes. Nice Thanks Ross

[@kevinalleman162]

I have no clue what your talking about but I'll hopefully get there one day.

[@bellaamy5907]

Is this what forex trading guys please?¿??¿

[@stateofaffairs1846]

@@kevinalleman162how’s your progress?

[@Saronnagay]

I've been following you since June this past summer. I'm enjoying going back to the videos I originally watched to pick up on the detail of the information I missed before or that didn't have as much meaning to me back then. Learning a lot still. Thank you for these videos!

[@charlychai370]

Appreciate you sharing how you felt when you were starting. I can sooo relate!

[@melodyturner3256]

You are my favorite coach. I love the way you teach. I can actually understand it.

[@dustymcdust825]

I agree totally after trading for about 4 years in total, keep your size small, keep your charts clean, I use, emas 14 and 7 I look at the 1 min, 5 and 15 and the rsi. That’s it and my trading got good.

[@BAKED_P0TAT0e-d1]

I can't ever imagine using anything lower than a 55 minute chart. I'd hate to be glued to pc all day.

[@devnomadJS]

Why do you use emas 14 and 7 and not 9 and 20? I'm a beginner. Thank you!

[@dustymcdust825]

@@devnomadJS I could use those, but it really about a faster moving average crossing a slower moving average that shows you that the trend has changed

[@devnomadJS]

@@dustymcdust825 Cool, thanks man. 👏👏

[@HereIsmarcus]

Thankyou so much Ross. My two biggest issues were whether to stick to a few pairs which did not make sense to me and whether indicators were useful which I now have in perspective. Your videos are helping me a lot. 4 years in and I think I’m finally going to get funded.

[@emillattarulo2052]

Love this guy's videos, brings it all together simply and doesn't have that know it all attitude. Just sharing the knowledge he's gained from first hand experiences. PRICELESS... Thank you !

[@eddie-haynes]

This is honestly one of the most comprehensive and easy to understand tutorials I’ve seen in my first 6 months of learning to trade. Read and watched so much about different indicators and strategies making the mistakes exactly as you described, over complicating the charts, not really understanding the patterns or how to use the indicators in combination with each other. Everything I’ve learned makes more sense in one video than it has done in 6 months. Thank you 🙏🏻

[@DaytradeWarrior]

Glad it helped!

[@juliethao8904]

thanks for keeping it simple and not assuming we know all the terms.

[@RonaldEwell]

I've learned more so far watching just 4 of your videos than I have taking entire classes. Thanks so much for the help.

[@gulee]

This is one of the best and most practical trading videos one could find on KZbin. In less than 50 mins Ross explained basically his entry and exit strategies/criteria and stock screening/selection criteria. That's all one really needs to trade to win. What this video teaches is priceless! Thanks for sharing your success, Ross!!

[@jenniferpainter6115]

As a teacher your videos are well thought out and executed. You speak a language all people can understand. I also blew up my first account and have been slowly educating myself to hopefully get back in there and make some back with a better understanding of the market. You are a great teacher my friend. Teach on.

[@Bonezz024]

This video was exactly what I was looking for. Extremely clear information, no jargon, and sound reasoning behind each step of this formula/strategy. Great work.

[@DaytradeWarrior]

Glad it was helpful!

[@frzanfaraydon]

Once the price action pulls back for few red candles, how do you know it will be the next cycle of Bull flag or it won’t break the previous high and turn into an ABCD pattern? Thank you Ross

[@nikguitarocphone2505]

no one knows, there is always luck, my winning money printing strategy is jump in just after skyrocket, and then don' t be greedy,🎉🎉🎉🎉 play safe cuze its dangerous

[@DaytradeWarrior]

^

[@AntikiHiroshi]

​@@nikguitarocphone2505 So how do you do it

[@crippa8130]

Hey Ross I’m from australia just found your channel. As a newbie so refreshing to find someone who isn’t pushing some magical indicator, your content appears very realistic and honest. You give me hope. Keep up the good work.

[@adamwooten6771]

I really appreciate the amount of effort you put into this free knowledge. No gimmicks, no puff, just solid info.

[@Mr.MT3]

same

[@rethabilemdlalose9963]

I have a small account and I blew it because I was trading through my emotions and not observing the patterns of the candlesticks...my entry was off and I lost all my savings.....I have taken a step back and started educating myself with your videos..I am truly grateful for expertise ❤I can't wait to get back in the market...thanks to your

[@BAKED_P0TAT0e-d1]

My mentor always taught us to never trade off emotion.

[@Milen983]

I was doing the same mistake when I just started. Still less than 1 year, but learned thousand times more than when I just started.

[@christinamichellephotograp8728]

You are a great teacher. I’m curious about your personality type 😂 I’m ENFP and I feel like you explain it in a way that my mind understands. Thank you so much for sharing the knowledge that you gained. What a gift!!

[@kennethkruse2535]

I like to use previous day support and resistance levels to buy sell! Thank you for the explanation!! Great! 👍👍

[@husmeando]

I have just discovered this channel yesterday and I already fell in love with the few videos I've watched so far!! They are extremely easy to understand and very useful!! Thank you very much! 🤩 I want to be like you when I grow up!! 😃

[@DaytradeWarrior]

Great! I am happy you like them! we are offering a 2 week trial for anyone wanting to see how we trade in the room! www.warriortrading.com/pro-preview-trial/

[@williSPR]

Hey Ross. I really enjoy watching your videos and they have helped me alot. However, the more I watch your videos the more I wish you to go deeper into detail for more "advanced" traders. I know that you have a course, but I dont have the money to access it since I am still in high school. Hopefully, you consider my suggestion for future videos and video ideas. :)

[@helenacicvaric2358]

I found that most people suck at explaining trading, but you on contrary - are rocking it! Thank you, I learned a lot today!

[@johndrop8076]

It is a wonderful explanation and easy to understand. You're a great teacher. Thank you for sharing.

[@owensuppes1]

Ross, i just found you. I cant thank you enough for your simple explainations. You have a gift for bringing up the skill level in your viewers.

[@DaytradeWarrior]

Glad to help!

[@Nguvujameela]

This video is so good; I resonate with so much you said. Thank you for sharing!

[@heatherwatts282]

Your video explains reading the charts very well! Thank you so much, I finally get it!

[@DaytradeWarrior]

Great!

[@infinitelyllc]

You broke down all the topics we need to know for success! awh! 🎉 You are the holy grail indicator. I think you can feel it when you will likely loose a trade. Thanks for teaching! ❤

[@RoscoTheSupervisor]

Which "anchor period" should I be using for the VWAP? Mine is default at "Session" and it doesn't look anything like yours?

[@northshorgrl]

You're awesome, Ross. Thanks for all you do.

[@TheGeenat]

I think I’d have to watch this a few times to let it all sink in, but it sounds honest and helpful. It seems clear to me that there is a lot more that you do behind the scenes besides what’s shown here, but hopefully this is enough info for people to start making money for themselves if they follow it.

[@RNRPhHMC]

Ross! I love you dude... "Some stupid guy just ruined the chart"....lol !

[@ZeeZee9]

Hi Ross, in one part of the video, you said to sell when the red candle makes a new low. But towards the end, you said to sell right when you see a red candle. Can you explain which one to do? I'm a bit confused. Thanks.

[@NathanBrinkley-bm7wt]

I’ve been practicing with trading view and I just started today I watch 6 hours worth of your videos but this video helped me make 143.72 on my first day and it’s only 1:27

[@SigningWithOmar]

This was very helpful...

[@fishingwithbob178]

Trading using indicators alone is like playing Call of Duty with lag.

[@mybiggrin]

It’s information. Who’s the professional here?

[@WhatItDoDoh]

😂😂😂😂

[@sixthscentsfragrances2140]

lagging isn’t setting you up for success. indicators are more like the dots on the cod map. let you know what’s coming next

[@BoundedGaming01]

What else are you supposed to use I thought it was indacators and news

[@T4I2I0]

😂😂

[@JeffDawson-y9o]

Ross, this is awesome stuff you are presenting mate. Great clarity and REAL trading figures. I will now be checking out all of your videos. Thank you!

[@mwalimucyber4839]

i first tried learning trading about 6 yrs ago, but i gave up since i hardly got materials and guidance as this. i must admit that this is what i have been missing as a begin. I know soon i will become one of the best trader because the you put it. Thanks

[@TheAngelicaw]

What app to use for candlestick charts? Who do you use to mimic trading for learning purposes? what programs should I used?

[@DaytradeWarrior]

Hey! All the charts and scanners are built right in to our own chatroom software.

[@enxxmp]

This is gold. Thanks for sharing your wisdom and knowledge. I'm just starting to day trade and soaking it all in. I signed up for the 2 week intro class and will definitely be signing up for the warrior pro class after a few more weeks on the simulator.

[@joedalcompo4710]

I've watched this video several times and learn something different each time. Take notes. A great video for newbies.

[@DaytradeWarrior]

Great to hear!

[@TarquinTheTall]

I was staring at the candles gobsmacked. Could not tell Arthur from Martha. Now it's a bit clearer.... I don't understand all the terms but Google is my friend. I downloaded your pdf too... Shall read that in a bit. Thanks so much for sharing.

[@chinochino1070]

Thank you Ross... At the end of the video, where you mentioned about holding onto losses, I have that same problem... On green, I sell to early... on red, I hold the entire thing!! I need to stop this habit and this video just knocked some sense into me... I like the idea of your strategy as well....

[@Zer0_336]

Can we get you to elaborate on your cost when you buy into your position(s)? I could do the math but that's operating on assumptions and I'm trying to get an even clearer image of what you're doing and how to get there. This is possibly the vaguest spot in your teaching. I enjoy all of it but this is an area I'd like a little more clarity. Thanks

[@DaytradeWarrior]

This article goes over this in more detail: support.warriortrading.com/support/solutions/articles/19000045007-routing-hot-keys-and-buying-selling-process

[@cassie6277]

Great review of the basics. Adding this video to my "trader rehab" playlist for red streaks. As a side note - I have been learning a lot from your content over the last 6+ months. Tried and loved the Warrior Trading trial. Will definitely be returning once I am ready for that next step. Your teaching style speaks to me. Thanks for sharing your knowledge! Look forward to joining the WT crew in the future.

[@DaytradeWarrior]

Great!

[@LawrenceLateef]

I was able to put a few indicators together that’s like the holy grail. I call it the money maker. Tells you when to buy and when to sell. It’s so good that you will never take a loss if you know what you are doing.

[@BrickZane]

Can you send it to me

[@dbor8432]

When you are looking at the candles, is it a 1 minute, 2 minute or which time frame? Thank you for your videos!

[@AMdAr]

Ross uses 10 sec's , 1 min, 5 minutes and daily Charts..to get a better understanding of the momentum

[@DaytradeWarrior]

^

[@tindomash6591]

Hi I'm a beginner in trading and you are making these explanation very easy to understand. I have not yet started trading, not even on a simulator, but I feel like I should start right away to put your strategies into practice. I guess practice makes perfect. I will keep following you but I need to start from scratch!

[@DaytradeWarrior]

If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in our next day trading class. The class is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@edwinsena9365]

Am just learning to trade and you are the best teacher I have come across. Thank you you are Amazing. I need to learn from you so I one day can make ends meet.

[@barbarayoung9376]

Thank you Ross for this video! I've watched others of yours but this one gave a great overall view of the criteria, explaination of indicators, and execution. It all suddenly gelled for me in this one like no other. Much thanks for being such a great teacher!

[@RealKlev3r]

I just learned so much with this video. Thank you for explaining the candle chart. I can now see clearly. Next is working on predictions and and flow of current events and news cycles.

[@raineyday7286]

What an amazing video! You deserve to be an academy award-winning Trading Master. I have been listening to other traders and yours made all the smoke and haze clear away... I look forward to learning more and applying this knowledge successfully! God bless you for helping us (me) struggling traders~

[@rosswalton4048]

Top quality teaching. Love watching and listening - very interactive!!!

[@DaytradeWarrior]

Thank you! 😃

[@johnt1832]

Great video, very concise. The only difference I would recommend is to set your stop loss ATR below the bottom so you don’t get stopped out prematurely.

[@leviword7927]

Really good video for me. I started when you couldn't do anything wrong, and I thought this was easy, anything I had no idea how to look at charts. I was up 30k, and in a matter of months, I'm was 20k down. I took a step back and paid attention to charts, and tried to do my homework. I've done ok, but only because all I'm doing is waiting for big stocks to go down, then I buy and wait, but this video has really opened my eyes. I'll watch it a couple time's just to get it to all sink in. Thank you..

[@marilynhoosier8459]

By the way, based on all the courses I've purchased, this video by far has been the least complicated and very helpful and to the point! Thank you!

[@DaytradeWarrior]

Thank you!!

[@AyeNexis]

This video is going to change my life. So many of my mistakes in the past make more sense now. Thank you!

[@DaytradeWarrior]

Glad it was helpful!

[@M1945]

Hi Ross. Which software do you use? Can you suggest one that is reasonably priced for a beginner? Thanks!

[@TomHuang-b8j]

I used to have a big account with cash balance over 200K couple of years ago. But now it's much smaller. I used to have months where I make 40-50K in one month then lose it all back plus some extra in the following month. I am bad a risk management. I hope you can have some videos on risk management.

[@kiansamimi4858]

Best teacher in trading ever seen!

[@wiptrent]

Loved this video. Such an approachable teaching method!

[@kianshahidi]

Do you have a video or document on complete trading tools for beginners with little funds, and the actual process of submitting a trade. From soup-to-nuts! Thanks very much. Great video.

[@DaytradeWarrior]

Hey you can check out some of my other videos on getting started as each person can have a slightly different approach but everyone needs a trading education first then to practice that in a simulator for proof of concept, this is why we offer the complete package for anyone to get started into daytrading, then evolve into an advanced trader

[@panitsos65]

I find your videos so easy to understand,you dumb it down for the less experienced. Thank you so much! Keep up the good work and good luck with your trading!

[@dean7468]

I’ve been floundering around trying to learn and accidentally discovered your videos. You are absolute GOLD. So well explained to beginners too! Thank you.

[@petera4907]

Would you kindly state the parameters for VWAP? Think or Swim requires further details. Not immediately obvious. Thanks

[@DaytradeWarrior]

Vwap has no changed settings for myself

[@timo3144]

At 45:00 onwards. Let us say I risk 1% of my account. When I enter, the spread is lets say 20% of the 1% and the candle closes below the previous low. Do I close the trade Or hold for the next candle to close? Thanks for the informative video

[@BetoCrypto68]

This video feels like I'm getting advice from a supportive friend who’s guiding me through all the basics and sharing valuable tips they learned from experience. Thanks a lot for this. I’ve been successful in 12 out of the last 15 days of sim trading and feel more motivated than ever to excel.

[@Lif3legacy]

I have a question! Is oil volatile enough to day trade? Or should one wait for specific events?

[@Jeff-xy7fv]

2:37 - I have the same fear as you did. I also have a goal of $200 a day (for right now), and I also plan to do just what you did -- start by trading only one contract with each trade and a delta in the .50-.60 range so I won't lose as much as I would with a higher delta if it goes against me.

[@MartinPerez-fu5yx]

Which viewing chart do you use? I use trading view, is this recommended or no? Im new and thanks for all your input Ross!

[@DaytradeWarrior]

Ross uses the Day Trade Dash Charts: www.warriortrading.com/charts/

[@Magic7Dragon]

Absolutely new beginner here… maybe I missed it, but at the 32:30 time frame, what time level are you looking at when you say you are waiting for the green to pass the previous red? 1 min, 5 min, 15 etc? Maybe I’m not using the right terminology but are you looking at M1, M5 or other to pull the trigger on making the trade specifically at 32:30 in your video?

[@DaytradeWarrior]

Ross will use the 10 second and 1 minute chart for entries primarily.

[@alanpearlstein9261]

When Ross says buy as soon as it makes a new high, is that on the close?

[@scottmelton-f2l]

I would love to see a video on setting up hot keys and how to use them. I saw you have videos in your online classes when I used your great $19 trial but I can’t afford the Warrior Pro Membership

[@jeremyhazel7387]

Ross - What are your thoughts about using the strategy of buying the first green candle that breaks the high of the previous red candle of the pull back when trading futures? Does it apply?

[@DaytradeWarrior]

As a day trader, Ross likes to focus on the US Equities markets. However, he has found that his strategies can often be applied to other markets as well. Check out this page here where we explore this more in-depth: www.warriortrading.com/why-our-strategies-work-in-most-markets/

[@lindaB1250]

Some very useful information here but I only trade forex, which is a decentralized market and doesn't have a quality volume indicator. Any suggestions?

[@DaytradeWarrior]

You may want to reach out to your broker or platform and request this improvement to be made.

[@lindaB1250]

@@DaytradeWarrior Thanks for the suggestion - I use MT4. How can they (or even TradingView) track volume when there's no central processing location?

[@jadthetruth8704]

What time settings would you recommend ? Especially for the macd lines etc

[@GaiusIwaringa]

I'm new to trade looking for mentor to learn. I'm glad now I come across your mentorship and start learning.Thanks for the great 😃 teaching.

[@DaytradeWarrior]

Hey I offer a full course of education for warrior members, you can check it out on the 2 week trial it includes Live stream trading with me, scanner alerts, member chatroom, news alerts and customizable charting as well as some chapters of the education in the warrior pro education portal www.warriortrading.com/pro-preview-trial/

[@ITALO2275]

I have to say I am total newbie in trading and this helped me sooo much in getting a glimps on what to do!!! Thank you. Look forward learning more.

[@DaytradeWarrior]

Glad it was helpful!

[@TheMintDegree]

This might be a clear rookie question, but once we use a screener to find the high volatility stocks what do we do? Are we simply just trading it from there based on what we see in the chart? Once we find a stock that has run up wouldn't we have missed the move at that point? Any feedback will help!

[@fliiguy247]

Can you help me understand the thought process for why some people would be selling at 14:13 when its obvious based on volume why things should be trending up? Are those just uninformed buyers or is that a decision that makes sense for them? It will help me understand the pathology of that type of seller. Thanks in advance.