How to Effectively Trade the Hourly Chart

Welcome to Class 3 of the Real Life Trading Intermediate Series! In this video, you will learn how to effectively trade the 1 hour chart, using and identfying candlestick patterns like the star patterns and tweezer pattens.
Also Jerremy Alexander Newsome covers risk mitigation, where to enter and where to place the stops and HOW to create a trading plan.
He mentions as well, a previous video he has made covering candlestick patterns as well. Feel free to find that here. • The Top 6 Best Candles...

[@The-Glitch-]

I put my like instantly when I heard zero sales pitch. Man, you are so down to earth and your gap trading videos really change the way I traded markets. Plus it also says, intraday isn’t a unicorn thing. Thousand cheers

[@RealLifeTrading]

shaphaba ch Thank you so very much!!

[@JeffMooreTM]

You explained trading the hourly charts really well. I'll remember this for next time! Keep up the great videos...

[@RealLifeTrading]

THANK YOU!

[@JeffMooreTM]

Your welcome!

[@DerpOtron9k]

Really enjoying the videos, man. Thanks. I'm in it for the long haul!

[@RealLifeTrading]

HECK YES! Thank you for the kind comments. :-)

[@chandanchatt]

Your Walk through analysis is best in the whole world... Love it.. :)

[@RealLifeTrading]

AHH! That is VERY kind of you to say. Thank you!! :-) You totally rock.

[@walterharris1301]

Thank for your training I need to learn this to feed myself so I can not worry about a job laying me off. 🙏🙏🙏👍👍👍

[@RealLifeTrading]

BINGO!!!! It's all about FREEDOM

[@lcvwj2949]

Great teaching. Thanks again.

[@RealLifeTrading]

Glad it was helpful! Thanks for watching and commenting.

[@Blackbelt1]

Thank you another great video.

[@RealLifeTrading]

:)

[@Rosetrain]

Fantastic content. I really appreciate it.

[@RealLifeTrading]

THANK YOU SCOTT!!!!

[@sammsamuels]

One thing we can be sure of is that support and resistance aren't exact points in the chart, they're areas. Areas where price may or may not have a reaction to. Great Video by the way. As always!

[@RealLifeTrading]

YES!!! Thank you so much Samuel!! :-)

[@thomas4580]

Great Lesson Man

[@RealLifeTrading]

Thomas A.P. Thanks so much!

[@socialdave99]

enriching, insightful, excellent on all points; totally awesome dude! Thank you. I gonna watch more and more........

[@RealLifeTrading]

skyhigh heck yeah! Thank you very much for those kind words, I really appreciate it. :) I will then look forward to your questions and your progress! =}

[@socialdave99]

What makes a better Support and Resistance: Trendlines, Price Levels, Pitchforks, or Moving Averages? Or does it depend on certain conditions at the time? I just buy Higher or Lower, not Spreads. I want to learn that soon. I use TOS for viewing instruments and, for now, I am focusing on EUR/USD exclusively.

[@RealLifeTrading]

DEPENDS! ;-) If it's in an unquestionable trend / direction, moving averages are really strong. Otherwise, price levels are usually THE Strongest. :-) In the case of EURUSD, it's been in a channel for almost 3 years. Therefore moving averages won't add any value. Price levels will be key www.tradingview.com/x/dZH6v5PR/

[@socialdave99]

Your reply is very helpful. This weekend I will go through the beginner trading on your website. I found your YT channel by seeing the title Insanely Simple Moving Average Strategy, and got a lot out of that video. Another question: how important are Round Price Numbers (1.1050, 1.1100), and Round Times (9:00, 9:30)?

[@RealLifeTrading]

I don't pay any attention to round price numbers or round times. :-) BUT - thank you for your kind words!! I appreciate it!!

[@realloreal]

what a treat to start my new year....2017 I need to actually start my 1st trade..

[@realloreal]

I'll ne watching all your video,,straight for the new year.

[@RealLifeTrading]

EXCELLENT! We're very excited and I am pumped to help you with that and celebrate your action taking! :)

[@RealLifeTrading]

Have you placed that first trade yet Lori?

[@realloreal]

No i have not...

[@cvorg5228]

Have u placed the trades yet?

[@walterharris6311]

Great video

[@RealLifeTrading]

:)

[@cnozby4b69]

Hay Jerremy great vid once again just one question You mentioned your entry on the star reversal but I don’t think you mentioned your entry on the tweezer bottoms/tops Hope you can help Regards Kurt

[@RealLifeTrading]

Thanks for commenting

[@mauriciomoreno5818]

Another great one Jerremy!! Thanks!!! Let me tell you, I´ve been looking a the markets a kind of studying Technical analisys for a couple of years. Finally this year i took the decision and put some real money on the line. I´ve been live trading 2 weeks, making each and every mistake you mention on your videos LOL!! I´ve got work very seriously on my patience and risk mitigation... Well, hoping to make some improvements ASAP. Thanks a lost for your help!!!! Abrazo!!! going right to video #4!!

[@RealLifeTrading]

Mauricio Moreno Excellent! I appreciate you watching these!! It’s been a blast reading your comments. Keep it up =} Excited To see your progress

[@leannenitheimhneain7517]

When Drawing out your support and resistance lines, do you recommend drawing them from the daily chart and then working the hourly chart, or just drawing them on the hourly chart in the most recent zones?

[@RealLifeTrading]

Hi Leanne Burke . Great question. Initially start with the daily chart. 3-5 Years showing and draw 3-5 lines max. Then zoom into your hourly with 3-5 months showing max. And then draw 2-3 lines in the hour =}

[@leannenitheimhneain7517]

perfect thank you :)

[@RealLifeTrading]

Leanne Burke my pleasure

[@luksimoens5903]

I am confused. In one of your earlier lessons you mentioned that 1R should not exceed 2% of your cash account value. Now let's assume it's 2% in your example on GE, that would mean your account is worth 10 000 $. However if you buy 384 shares at 31,43 $ you need 12 069,12 $. What am I overlooking here? Btw, love your way of teaching, full of love-life-energy. Keep up the good work, I appreciate it.

[@RealLifeTrading]

Luk Simoens Great question and thanks for the kind comment too. :-) Risk [your R] should realistically be between 1-2%. In a situation like this, one could either lower the R or increase the stop. AND or, use margin if it's available. Because even if your investment size is large, ones risk in this scenario would still be VERY close to $200 (2% of 10k). So investment size and risk size are 2 different things. :)

[@Lunkyful]

I'm learning Forex and I love using hourly timeframe. 😁

[@RealLifeTrading]

Lunkyful Yes!!!

[@russroberts6825]

Can one white soldier be used for multiple time frames, or best used for daily charts?

[@RealLifeTrading]

Thanks for commenting

[@Naturesbeautyfloraandfauna]

Why you stop making such type of videos . This teaching is excellent no one teaches like that .I am earning my livelihood .

[@RealLifeTrading]

Thanks for commenting

[@killerbeest1]

HAHA, GPRO did bounce off that 9.04 area. Is GPRO forming a "star reversal pattern" right now? and could you potentially buy on Monday when it breaks 9,42?

[@RealLifeTrading]

yourik van beek yep! :-) A great bounce. =] At Least a solid one to watch!!!

[@bemack13]

How would you scan fo these types of patterns on think or swim?

[@RealLifeTrading]

Use their scanner. :-) It's "okay" No real scanner picks up on patterns perfectly. They have A LOT of tutorial videos on their scanners/ platforms

[@bemack13]

How do I know which scanner to choose from? For instance, how would I know how to scan for the tweezer tops?

[@RealLifeTrading]

How to do you know which car to drive, who to marry, which house to live in and which restaurant to eat at? At some point, you've gotta pick and go with it. :) Find which one you LIKE the best, which one makes the most sense to you and understand the market rewards the specialist.

[@omarcontreras8153]

Vid done😄 👍

[@RealLifeTrading]

Thanks for the comment

[@martinshively6023]

I see you like shaved bottoms... Personally, I like bottoms that do not require shaving.

[@seiph80]

Same here

[@RealLifeTrading]

thanks

[@shyunjizki]

rapper hand

[@RealLifeTrading]

To Be Honest ;)

[@harishkr3257]

I noticed u dont give much weight to VOlumes??

[@RealLifeTrading]

Harish kr The volume bars are at the bottom of my screen. I discuss volume in depth and often in my reviews and live classes / trade set ups. I agree! It is important:)

[@harishkr3257]

Real Life Trading Thanx so much... watching ur videos.... they r awesome. Followed u on twitter to as @harrie007

[@RealLifeTrading]

My pleasure. I really appreciate the follow and the kind comments. YOU totally rock! =-)

[@jkreutzer7587]

If there's anything to take from this video 53:10

[@RealLifeTrading]

Thanks for commenting

[@marciatowberman7800]

If you work for the IRS, you should hide under your bed and pray NO ONE FINDS YOU!

[@RealLifeTrading]

Thanks for the comment

[@007380]

Are you HIGH?

[@RealLifeTrading]

The highest

[@georgetopping2069]

.... .... .... .... just skip to 4 1/2 min in.

[@RealLifeTrading]

George Topping 🤣🤣😂😂😂👍🏻👍🏻

[@robbradley1337]

You really should stop teaching like you are talking to kindergarteners. "Does 1 = 1?...anybody?......Yep! One does in fact equal one." That isn't helping anyone! If you could stop doing that one thing in every single video you make, you'd be fun to watch. I know you have knowledge up in that coconut, so I suffer through the elementary school teacher bit, to try to get at it. It's not easy.

[@RealLifeTrading]

Rob Bradley Great feedback sir. Thanks for sharing :)

[@asherrichards9661]

Intro too annoying to watch content

[@RealLifeTrading]

Ok