How to Predict Price Action - My Favorite Signal!

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#forex #trading #technicalanalysis

[@eX.Ov2]

Always wait for the breakout to retest the key level (resistance/support) before adding a position

[@nikunjkavadia]

You will miss entry most of the time

[@benedictt.anyata4241]

​@@nikunjkavadiabut when you get an entry it will be the right one. It's not about just getting an entry, it's about reacting & getting profitable entries. Always wait for a restest.

[@nikunjkavadia]

​​​@@benedictt.anyata4241I will open to wrong trade, and hit the stop loss. If I wait for two candle for breakout entry then , I will certainly miss the larger chunk of profit as typically there are three to four positive green candle after breakout, and then consolidation. FYI: I would not enter this trade considering stock does not trending now, recently broke the trend (trend line), I would look other stock for the same

[@perrys9872]

@@nikunjkavadiapatience 😊

[@Crypthief]

Agree patience and trusting yourself is key everyone has their style and everyone makes money differently my time frame is 30min for each trade or less

[@bijeeshbabu4022]

Can you say it on a live chart? No. Because trading is unconditional. And that is the purity of trading.

[@AutumnLeafAcademy6164]

i can. its a Liq grab. if you wanna see Live analysis drop your mail id. we will show you on LIVE.

[@ayodelevictor1898]

Really??

[@AM-jx3zf]

Can he say it? Maybe. But some people can.

[@ztumassj3759]

@@AutumnLeafAcademy6164u legit ?

[@raypunn]

​@@AutumnLeafAcademy6164can you show me one

[@AnNE-nn5bx]

After market close everyone is Buffett

[@Manaindian]

😂

[@CobraTates_wrld]

😂

[@b.i.6007]

😂😂😂😂😂😂😂😂 LMFAO

[@abubarkarbarrie3029]

😂

[@tejinvestments]

Buffet of continental food

[@casualb0b]

This was on 23rd Feb 2023. After Fed rate decision.. The big drop was due to non farm payrolls being insanely high. This has nothing to do with liquidity, technicals or else.. just banks going long the usd and dumping everything else. How can people seriously be profitabel if they dont even know what is happening and what is driving the market..

[@gozen5177]

But where has been the most liquidity before the major drop? Above the old highs.. stops where raided and brakeout traders trapped. Thats the liquidity to take shorts and trade lower..

[@kerelman1716]

Even when big news enters the market the price most of the time still respects the major support and resistance levels

[@haydendodson5876]

The problem is, even though this makes perfect sense, that you can’t just predict price action like this. That rejection back to the downside could just as easily have been a retest of previous highs before an upwards continuation. This is why instead of trying to constantly predict price most successful traders have an actual strategy that involves some sort of confirmation before taking an entry.

[@kedalin]

The best cases of “general after the battle” i’ve ever seen are channels like these 😂

[@ddddaaddaaaa]

this dude concluded the market movement without any indicators and sentiment checking. backtesting won't work on an open market. macro and micro economic stuff plays big role and you can't time it.

[@charlesetwaroo5796]

He isn’t wrong but also it’s a good idea to look a few timeframes higher to understand what the bigger picture is going and you can place your scalp trades accordingly. I know this because I trade this way and it works out for me.

[@ltk7309]

so you trade like the bank? ;)

[@charlesetwaroo5796]

@@ltk7309 not quite, I just follow their movements as closely as I can. To trade like the banks to the letter you would have to know specific areas where to buy and sell and there are ways you can do it but I just find it’s easier to just go with the flow of things. There’s a saying that goes like ‘if you can’t beat them join them’. That’s what I’m doing 🙂

[@jettbaker7690]

@@ltk7309 It's called Smart Money Concept

[@boruto6524]

Me too it works

[@mustafaaljumaah72]

​@@ltk7309 hey if it works it works

[@Talekeflows777]

I’ve leaned so much .at first I wouldn’t have understood but NOW I’m ready!!!

[@sybrenstroobants3892]

Its important to know at what time this scenario takes place, if its not during New York session, the chances of being faked out are much higher because the volume during session is much higher and effective breakouts are more probable

[@isekaimagazine3920]

That was a buy stop liquidity grab, so after that the price was likely to decline to grab the stop loss placed below the recent low.

[@stevensteven3417]

The market will collect money not generate money, it will usually try to take your money in any way possible, its an algorythm that was designed to do that.

[@rayman7596]

This is obviously news movement, it's not just because of a liquidity grab

[@manikkumar1161]

Down because market didn't consolidate on resistance and breaks resistance directly which indicates fake breakout

[@watchmen617]

Think it's hindsight, could have easily broken out. It's a 50/50. Risk management is key.

[@jupiterbd444]

I would've like to see more of the chart

[@edwardhamman8341]

I can also make tons of videos using historical charts. Not even experts can safely say what will happen next. That's why we analyze.

[@PeterParker-oo1cw]

Just short this, set your stops and go watch some spicy movies and when you wake up your rich!😂

[@GamingxKnight]

I'm actually happy I was right that the market was going to go back down and that it was a fakeout breakout, though I determined that from the fact that the resistance had at least three separate attempts to break out in the swing high previously and couldn't. Not sure if that was a correct way to look at it and if I just got lucky.

[@jeffbeez2491]

When ypu s breakout try going in a lower tf and the price action from there will revela to whether its a contunuation upward or a fake out

[@TradeAlgoPremier]

Confirmation is key and momentum is important.

[@Roy_trades]

Smaller time frame will help u with the direction

[@princelifemolobetsi3058]

I love and enjoy it when y'all use these, very obvious outcomes to make it look like you've got it 😂.

[@WeldeGefaelde]

Always keep a eye on the calendar and watch news. That sell off was diffrent there was some rly bad things behind the scenes

[@estevanmatheus]

Should show us the volume ! Very good explanation

[@_wil9572]

Thats why you gotta know your supply and demand zones

[@mihaiiacob6211]

Great explanation on a potential false break

[@onglalitham63]

Rare input...thanks alot

[@barryirvingj1813]

Forex Trading will make me a Millionaire. This is golden nugget

[@guyi7388]

That candle told everything I needed to know. I immediately would’ve pulled

[@ericjordan6059]

I would wait for a back test of that "selloff" area before the run up. I would set a buy order there (at a set demand zone point), especially with that breakout closing above the high before that selloff.

[@ranadishant2542]

It can be prevented by looking at the volume involved and resistance level analysis pluse some data

[@saitamaman6714]

I knew before it's going down, and you will if u studied the smc it's really simple and logical

[@Jane_fx]

Fakeouts are my worst enemy in trading,d only way to avoid them is by waiting for a restest,and that takes a lot of patience,cause at times it doesn’t retest the zone.

[@nigamjogadia356]

THANKS 😊

[@comptoncrypto2394]

It's A Simple Swing Failure Pattern of the Last High/ Liquidity Grab of the Previous High

[@joolyyt376]

Use bollinger bands set to 200 you would see that the high is well above its expected price, usually resulting in a downfall

[@WilliamLugatiman-xl5tx]

Thanks

[@futuresdojo]

He asked what I thought would happen. Well, I wouldn't give my opinion at all because: 1. I couldn't see past levels of support/resistance. 2. I couldn't see any deviation on MACD/RSI 3. I couldn't see if this was a part of overall DT or UT (to name a few). So, no. I would never tell anyone what my opinion was without looking at the basic tools every trader should be implementing.

[@Hotyoungen]

This is helpful❤

[@jonathongeneral3744]

Thanks harry

[@1234537564534231234]

Superb analysis

[@urushalaliwala6237]

Tight consolidation before BO is key point

[@user-lj7gn9fv3c]

Sweet video thanks. But I would have never enter long with out a retest. And not advanced enough to see the short that didn't hesitate at the beginning of the uptrend.

[@thebioenergycode6390]

The best position for selling I think

[@roosterrobkins1674]

Beautiful setup, sadly I rarely catch such a beautiful structure.

[@owen9668]

So u should buy when it starts going up?

[@syaluuuuu2]

What technique do you use? I use the technique of performing unfilled order taught ini the nfc community

[@shahririsa2162]

Thanks guys...

[@salimquo]

i was hoping that you switch to a bigger timeframe, but i guess we all have different strategies that work for us.

[@MinggoyShorts]

Nice explaination

[@safballer]

Always check H4+ candle closure. If this candle don't close above the resistance zone then mostlikely fakeout(Big wick above the resitance) If it closes above. This is your first confirmation of confirmed breakout. Then wait for retest and go long again.

[@oraclewizard77]

But on a higher chart.

[@sarifadel791]

with all duo respect you're right but there is nothing wrong with focusing on that breakthrough only as long as you're sill waiting for confirmation retest, indicator, and candlestick patterns etc..

[@Lovepreettweets]

Does that on the situation we can buy to put ??

[@edysupermaster1673]

We don't have a break of structure yet,so i suggest its going up, break and retest

[@Jeremy-sr4gv]

He is right..

[@tjthao4663]

Thx I learned

[@Kamalnath-gp2yl]

There was a power move and usually power move happens most of the time market reverses grabbing liquidity so yeah 😅

[@thienlo]

None on this chart has a good entry. Whoever can trade this chart is a legend.

[@Zero0485]

Retest is important

[@66guns4]

It might go up. It might go down. Well said, sir!

[@all6senses]

Price goes either up or down. Its all about risk management. Make sure your winners are higher or more frequent then your losses and overall you'll be profitable... If price would've pulled back a bit and continued higher, it wouldve been a break (of the resistance line you drew) and retest with a higher high... Its easy to give names to any movement afterwards but in short, price goed up or down and if your risk management is on point you should't really care which one happens

[@ahilesh228]

Thank you so much ❤🎉

[@Crypthief]

Market was making HH and HL, did a LL than expected on trend which is the sell off if it doesn’t break the trend it could just be a rebounce to bullish momentum but the breakout was too aggressive so I went for bearish before i you finished

[@EntityAlysh]

I traded this setup live, it's been the most difficult thing in my trading career. Loads of indecision and volume, daily candles green back to back, never knowing when it's going to end and breakouts that need you to stay in the screen 24/7

[@hb662hk2]

What type of trading platform do you use man😢

[@MackMittenzTV]

Depends on the ATR of the stock. I personally would wait for a break and retest of that area of interest

[@drwagumaeliasjb4643]

I saw that coming due to ich concepts

[@Theinkxl]

Is trade view good for trading?

[@adelabuafeez4129]

This is exactly my strategy

[@motherrussiaIlIlIlI]

That is very good but today I seen a chart like this I forgot which one exactly I was expecting it to go down but kept pumping up

[@NAS101Club]

Only video in KZbin till now I saw not telling any BS and only correct statements..

[@rajni5h]

I’ll go with M patter

[@issa0rama455]

If not sure then wait and wait

[@forexenergy3902]

the only difference is the display in the chart period, if it is opened in a large period and the display space is wide then the input will be different.

[@RohitPatil-pz6bn]

My analysis about the market was going UP after re-testing because that level was tested multiple times.

[@kinglone9720]

Depending on fundelmental if it dont have news for usd then market will keep going up

[@superjaynum1]

In the move where price broke there is a oderblock gap in price plus we cannot see the higher time frame direction

[@jalenmckinney5430]

Price took out buyside liquidity then the algorithm started to reprice lower to target sellside liquidity aka Judas swing

[@Beetwate305]

In my opinion, I always look for M Patterns, the market seems to really love painting M’s (M for Money”. I would of been waiting for that Long sell to the downside

[@BeardedNadex]

Where is the trend taking you ? As we can see this is a (higher High or HH) More info is needed.

[@EdwinEEdeki]

Very very important

[@mattomolon3554]

Thank you❤

[@williammotseo8184]

Always look to the left

[@cebollaconajo]

I have alot to learn

[@mezzsvlogs7240]

It swept Buyside liquidity, the reason why it went up is because institutions need to fill their previous orders, so once liquidity swept, meaning the prominent highs or lows are taken out, it is safe to assume that the market will more likely move in the opposite direction.

[@vvs7949]

Don’t look for the reason as to why something happened. You’ll never get a definitive answer. Only look for repeating patterns that give you an edge

[@averagejoe-trading8403]

That line is really weird its not at the high or at the high close it's just somewhere there , if you would have put it at the previous high you would see it did not yet confirm a brake so a long was completely out of the question and only a short was on the table, but for that you need confirmation.

[@Hashanchinthaka792]

what is the statistics on it. You can simply say the seller would come. how many times does it has occur when there is a brakeout. Otherwise u would make your trade base on emotions.

[@mrroshan3570]

There should be rsi divergence or wait for retest at bull side

[@youstic3]

Probably should be divergence on oscilators (MACD, RSI and others). 😉

[@Suncircle2011]

The most importnat part of this chart, that u nwver know the future. Diversify your portfolio, never trade.

[@itsoktoberight4431]

I have been noticing a preceding spike indicating a future direction, its like the market saying "I want to go that way"

[@kailashchandramishra2407]

Excellent

[@johnessien2167]

Better than most so I’ll give him that

[@simzcitytrading]

that bullish breakout had way more strength than those weak sell candles. This would be a buy situation any day. This must of been a news event

[@CryptoCapitalClub]

Greatest work 🫡

[@jazminhumphrey3980]

It all depends on the volume reflecting. If volume is coming in strong specially on the higher timeframes then you know it will be probable continuation to the upside. If volume starts decreasing than you know what to do. Volume and market structure is key.

[@UKkenny]

adx or other indi will help alot here

[@biggalaxy9102]

Good info, but it has nothing to do with actual people selling off or selling pressure. It has to do with a programmed algorithm. Please understand this extremely important part of the market & why it truly & really moves. Institutions, banks, hedge funds & people DO NOT move the market, an AI Algorithm moves the market.

[@Umesh1288]

How?

[@melodyeniola2024]

ive been observing this lately. also coming up on a great project and method that prove this

[@gozen5177]

​@@Umesh1288the algo is working by its code using" if then else" commands.. if the main target is lower, it has to go up first to get the.. it trades to the highs to pair it's sell orders with the buy orders from breakout traders and pair its sell orders with those that also want to go short but have SL above that high.. again using the buy orders from SL.. then most traders are out and algo goes into expected direction

[@detudo6671]

Captura de liquidez pra depois seguir a tendencia é assim q os Bancos agem

[@ElementUup511]

ehh what goes up must come down and more times than not it comes down to where it started or a little higher or lower depending on where you are in the range.

[@anishansari5875]

First tym if break resistance than patiently wait for retrace ment or sell blindly

[@MarkDanger777]

Damn I got it wrong. I saw a giant green candle and thought the buying pressure was too much.

[@nowaysir7576]

it is a fake out bro to wipe you out

[@ltk7309]

Giant green candle is what we call an exhaustion candle...

[@SpazzedIN]

❤ Reading your book love it ❤