Tried this for first time on TSLA today. Used nearest option strike. Broke the low and retested the level, bought a put. Exited 10 min later with 100% gain.
@jerseystranger219811 ай бұрын
You are explaining in detail you are an awsome teacher, not come across many people on youtube like you. Thanks
@BillionRockers8 ай бұрын
You deserve the best for your videos it is so simple and clear and educatif. So greats here from Tunisia
@ob1o675 Жыл бұрын
Dude, thank you very much for this video. Very clear and informative. I actually watched it before but didn't see the value as I do now. I like the strategy because it doesn't require any subjective additions like level and FIBS. The 1 minute chart draws the level for you and the retest show the validity of that level. Thx again.
@HenryD-ou4dk Жыл бұрын
Great video, TY. The initial opening range is within about the first 10 to 15 minutes in case anyone missed that. It could be expanded to the first hour and a half as the morning wears on. That was an important takaway for me. The retest method is something to perfect. Also the impulse candle size was a very good point about the likely price action afterwards. Nice!
@dalepittaway725 Жыл бұрын
I know in 6 years I will be a millionaire self made, but I must be patient and not deviate from my trading plan and not be greedy.
@briangoldberg65019 күн бұрын
How is the Pre- Millionaire life coming?
@kingzt121211 ай бұрын
Do you only trade off high and low of the day? What about premarket high and low? Do you think it's better to trade the hod/lod after market opens or trade based on the premarket hod/lod?
@renscience Жыл бұрын
Based on your numbers in this video, how do you derive your multiple? What $500? Options ? Please explain yorur platform and your numbers. Thanks
@EIStudent Жыл бұрын
Dude this is CRAZY! This is EXACTLY what I've been working on to pass a PROP trading challenge. Cutting losses has been my achilles heel. However I'm managing that how by only taking 25% of a position, until the stock has demonstrated it intends to trend. So I'm optimistic for next week. Thanks for confirming my suspicions. This a ridiculously simple strategy that it makes sense. Just an open range breakout.
@skybiz4520 Жыл бұрын
I can bet that It's going to break out of range in about 40% cases in other 60% action will return back into the range.. Because Market is ranging most of the times.. Also Many times action will sweep those Stop losses just above high and under Low, to return into the range again.. So? your example is not typical..
@waltermorris5786 Жыл бұрын
@@skybiz4520 By far the best approach is only take a break out in the direction of the moving average. I have literally studied break outs over 500 hours. The only time to violate this rule is if there has been a long trend, bear or bull. Channels can occur at the bottom or top of a long trend...In that case the moving average is irrelevant cause the mkt is either accumulation...bottom channel...or distribution...at the top of a trend. Both will eventually break out in the opposite direction of the previous trend. As a general rule, channels...narrow trading ranges are continuation patterns...they will break out with the dominant trend, 70 percent of the time, and the moving average demonstrates the trend direction.
@crankin77 Жыл бұрын
Can I ask why you don't move your stop when in profit and close to profit target?
@Ishanamin Жыл бұрын
Can you show explain what trades you are making, Are you trading Options? How many contracts? How far out? Are you trading stocks? How big is your trade...
@Quantumfuturestrader Жыл бұрын
I think for newer traders more details are needed. Describing the wick at 2:41 the hammer candle as an example. Anyway, just remember don't assume they understand your tutorial. Also mention trade size. To give them a more well rounded feel for your strategy.
@gianni6373 Жыл бұрын
its better if you avoid random youtuber then for learn trading real ,there are only few here on tube sharing their knowledge
@CharruaRegio9 ай бұрын
Great video, I use to overtrade with many pairs and stress myself with many strategies I found on KZbin Now I just trade NG 3 Trades max per day with alerts so I don't have to be glued to the charts with 1:2 Risk to Reward or more
@lanreoshisami8934 Жыл бұрын
This is the video I can say is legit. You showed us your winning trade and the losing trade. Some so called raggedy trade gurus will shows nothing but winning trade saying you can’t lose money. Thx again for this video
@thecentralscrutinizerr10 ай бұрын
I would add one thing. This is a breakaway strategy, which means that once price retests a price level the whole strategy is designed to make profit once the price bounces off that price level and "breaks away" from that price level. Once the price hits and retests and starts to move in your direction for profit, it's the do or die time. It's either going to "break away" or not. If it looks like it doesn't have enough gas, energy, momentum, whatever you want to call it, move your stop loss to breakeven, then you don't lose any money on the trade for being "not quite right". I'm not saying do it right away - you have to give price enough time to breakaway. But its better to not lose any money that to watch the price move against your position because the "break away" didn't materialize in a certain time frame. In other words, the trade did not materialize.
@briangoldberg65019 күн бұрын
GLWTS
@JulianLarson-hm4ji Жыл бұрын
I frequently feel excluded when others talk about their profits from Bitcoin and Forex investments. Can someone please suggest a trustworthy adviser or account manager?
@LeaMorrison Жыл бұрын
Absolutely, she has been overseeing my trades too. Her strategies have given me a unique insight into the world of binary forex trading.
@0ceanneMya Жыл бұрын
Rosie Harley has been in charge of my trades. She is a dependable and trustworthy individual in whom you can have full confidence to handle your investment.
@JulianLarson-hm4ji Жыл бұрын
How can someone get in touch with Rosie?
@DorisMelodys Жыл бұрын
"I was delighted when my broker endorsed Mrs. Rosie Harley. Despite my initial doubts, I opted to invest a modest amount, leading to significant profits."
@JulianLarson-hm4ji Жыл бұрын
I'm putting my investments into the hands of Expert Rosie right away; this incredible opportunity is too valuable to pass up!
@JL-qp8sm Жыл бұрын
I'm very new to trading, what types of positions are you taking? When you say you "risk 500.00 per trade" are you trading options or just buying or selling stock? How do you apply the risk to reward multiplier?
@VanPelt54u7fcyde57 Жыл бұрын
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
@Bobhenry-c7z Жыл бұрын
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.
@DeannaPeters-lz8we Жыл бұрын
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@rebeccaartgallary Жыл бұрын
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@DeannaPeters-lz8we Жыл бұрын
My advisor is Monica Amanda McClure she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field
@rebeccaartgallary Жыл бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@kristhomas647411 ай бұрын
Dude. Unbelievable. This is the first video of yours that I have come across. I’ve been trading for about 4 years and watch trading videos all the time. I watched your video on a Saturday and did some back testing. I have no doubt, even before my first trade after viewing your video, it will be a game changer for me. It’s a strategy I can be confident in and I’m sure will change my life. This I have NO doubt. Thank you. I’ll return and comment after next week to let you know about my success.
@bokadesh684010 ай бұрын
How did your week go?
@kp350910 ай бұрын
How did it go? Please confirm.
@pgujar9 ай бұрын
What is your result in last 4 weeks with this strategy?
@idunusegoogleplus9 ай бұрын
Probably went badly or this commenter was a bot.
@TamilMaran-dh5lp7 ай бұрын
@@idunusegoogleplus yes
@gregorgman Жыл бұрын
I notice that when you set your hod and lod you are not using the same wicks for both or same bodies for both. I see you use a wick on one and the body or close on the other, what do you recommend? It will make a difference.
@awakeenlighten229811 ай бұрын
He is taking the first hod, therefore, it would not be the second candle with the wick. I've seen him do this with other trades as well.
@genobutler90693 ай бұрын
Can you explain to me how you develop or determine the psychology number ?
@pumix Жыл бұрын
Very clear and really interesting, but I don't understand the ratios - you seem to be making just a few bucks profit per trade, how is it leveraged to 1-2k$ profit? What am I missing?
@DDDD-pv7fw Жыл бұрын
The market high and lows that you mark up, are done in the first 5 minutes?
@Anomic31 Жыл бұрын
Market high market low u do in pre market usually
@PhotoKenji6 ай бұрын
May I know what is a psychological number? Does it really important in trading strategy?
@ron20405 ай бұрын
with 500, are you buying OTM for calls and ITM for put?
@sassysilver44517 ай бұрын
I like this setup - similar to what I do. That said, with the 1-minute chart, are you activley setting your levels in Trading view like that, in real time, that quickly?
@denissahin9006 ай бұрын
Hello, so i wanted to share my tactic. First i marked day high/low then u mark the key resistance points because that strategy is good but if there is strong high sometimes u can end up in loss.
@greenthoughts6674 Жыл бұрын
What contracts do you trades. Expiration date and strikes.
@AmirullahMuhAmin Жыл бұрын
breakout and retest.. Great!
@seanolivieri48299 ай бұрын
How do you pick those "psychological targets"?
@261Pro4 күн бұрын
In this strategy, can you show the examples of share size or options contracts you choose and why ? Thank you 😊 love your videos ..
@ami4266 Жыл бұрын
Which pair u recommend to use this strategy ?
@emadmustafa972611 ай бұрын
how to select which stock to trade with today? as movement in the market differs
@dakotawilkens69959 ай бұрын
May I ask what broker and platform you use?
@krausermeitei87313 ай бұрын
Bro can this be applied for both stocks and indices
@Beshahara6 ай бұрын
does it work in forex market? or its only for stock?
@jayrod0418 Жыл бұрын
does this work for small caps or you strictly large cap stocks?
@rabranch3210 ай бұрын
Great info, thank you. Quick question. How do you decide what stocks to use this method with? Is it always the same ones for you, or do you have a shirt list you follow, or does it matter?
@BrianAbbottGeordie10 ай бұрын
Exactly my thoughts. No answer, though. 'Can it be used with currencies?', is another question I had. (Edit: just checked the write up under the video, it can).
@user_abcxyzz2 ай бұрын
Shirt list 👕
@CryptoCoin025 ай бұрын
Amazing content! Your methodical approach to day trading is both enlightening and easy to understand. Watching you backtest the strategy live adds so much value. The lesson I learned is that patience and precision in execution are crucial for successful trading. Thanks for the detailed breakdown
@robdylan25414 ай бұрын
Are you marking out using weekly? I am not understanding how you mark this out.
@GavstarLeo7 ай бұрын
Are you doing this as options or buying shares?
@deathsun64274 ай бұрын
What is your scanner set up?
@sarabouh3140Ай бұрын
Does this work on gold too
@IlhamBabayev-r3h8 ай бұрын
Hi i trade forex and need to know on which time frame should i look for premarket highs and low to mark up . Every time frame gives me defferent zones .Thank you
@JustinCase-ft3gv Жыл бұрын
What time frame is your chart? Looks like a 1min chart but I want to be sure.
@thembamofokeng41676 ай бұрын
nice and simple strategy , however on what time frame do you apply the strategy ?
@miltonturner41264 ай бұрын
Does this work with futures?
@ashishkulkarni63825 ай бұрын
Gr8 video. What time frame is suitable for such trades? 5 min or 1 min?
@itscubetime82668 ай бұрын
Does it works only in stocks?
@dosesyspumpandsystem498 Жыл бұрын
Your is only video that shows all realistic trade i.e profit and sl.. Thanks for the video.. I pray for our prosperity ..
@gianni6373 Жыл бұрын
did you became millionaire ? lol
@stockfinancialwealth11 ай бұрын
Hi, got a question. In these examples, are you option trading?
@jjarierie99 Жыл бұрын
thanks for the strategy. if I may know what trading techniques you use? I use the UFO technique from the nfc community.
@jasondoherty4839 Жыл бұрын
What time frame are u trading on??
@markcramer744 ай бұрын
1 minute chart
@Pogdub Жыл бұрын
Is this leverage trading? How do you get such gain from small percentage price move?
@user_abcxyzz2 ай бұрын
Hella shares, like 1000
@alichowdhury354510 ай бұрын
Is this hust for stocks or does it work on forex?
@davethorstry6700 Жыл бұрын
Where is the link for the previous in depth video you said would be coming up on the screen, nothing came up on my screen. Thanks
@karlbooklover Жыл бұрын
I learned this same strategy by experience, it's so damn good!
@TamilMaran-dh5lp7 ай бұрын
is it still doing good
@kentstaker9693 Жыл бұрын
What are you trading? Just out of the money Calls and Puts?
@WendyGatzArtisticTrading Жыл бұрын
I have backtested this strategy on the forex market, asian and london sessions. 18 wins and 2 losses so far. I'll keep backtesting.
@mav69i Жыл бұрын
what time frame? thanks.
@matelance63497 ай бұрын
Hey does this apply to forex?
@williamviverito15895 ай бұрын
Seems there are no set / firm rules regarding where / when you mark your first high & low of day. Seems random. Please explain.
@tantran9852 Жыл бұрын
Thank Scarface for a great video.🎉
@rugbeatuno3647 Жыл бұрын
Why are you inconsistent in the way you draw high-of-days and low-of-days, like sometimes u will draw from the wick and other times from the body?
@lukeengler1833 Жыл бұрын
it’s not that deep
@RyanSemmel77 Жыл бұрын
It seems more of a visual placeholder than a definitive level. I do wish KZbinrs would explain inconsistencies like this in their vids tho. Also depends on how you want to play the marked candle. Entering at a wick, especially a big one, can be considered a little more risky because your stop would be lower (or higher if you’re shorting) and if you play it at the body you can be more conservative and tight with your stop.
@louisk64852 ай бұрын
Who cares? You'll never make any long-term profits with this nonsense.
@stupidstoops Жыл бұрын
Does this EOD and HOD work for FOREX as well?
@caburtnett1980 Жыл бұрын
When do you mark out the body vs the wick? I think i keep seeing you drawing trendlines where you want. What is the method to your madness?🤣
@sidb9540 Жыл бұрын
mark it as a zone and just wait for price to come to your level and then take it from there
@caburtnett1980 Жыл бұрын
@@sidb9540 Wrench, meet Soup.
@dpaesthetics913911 ай бұрын
Are you just buying calls/puts when you enter trades?
@Josh-uq5sf10 ай бұрын
Dude explain in more details about projected profits on Tesla trades? Although the strategy was good
@kekiums985710 ай бұрын
Can I use your strategy to trade crypto
@abr2926 Жыл бұрын
so sometimes you place the lines on the wicks and sometimes on the candle body. Confusing.
@caciocavalloster Жыл бұрын
Yeah I saw that also. Wonder why. Also, where does the day start? We don’t see it.
@abr2926 Жыл бұрын
@@caciocavalloster day starts at market open since he's trading TSLA. Usually I see people set the opening range between 9:30 and 10:00 but he seems to set it sooner. CONFUSING! and very subjective.
@bori_trades_futures Жыл бұрын
Just think of those levels as a zone instead of a precise level. You can also draw a small zone instead of the price line if that helps you mentally. Just keep it simple, good luck!
@caciocavalloster Жыл бұрын
@@bori_trades_futures thanks!
@millertimeman110 ай бұрын
I have your book, great stuff. I'm very excited to add an edge to my trading and kick in an offshore account.
@AkashaTrades2 ай бұрын
excited to backtest this strategy
@AriesWarlock Жыл бұрын
Thanks for the great video! Those sideways examples help a lot.
@Paul-wk7wf Жыл бұрын
Thanks. Does this work for futures markets like NQ?
@welikedave Жыл бұрын
Are you trading options on these or the actual stock?
@timothydurham89326 ай бұрын
wait are you using the hi and low stock makes in first 10 min 5?? what is that criteria
@NykitahLove-d9z4 ай бұрын
What time frame are you using?
@aura.plus.10011 ай бұрын
which trading platform do you use for daily trades? also is this for stocks or options?
@MrWrinkles88 Жыл бұрын
I get the strategy but what is he trading stock or options? I’m not sure I understand the risk to reward.
@marwanmoallem853711 ай бұрын
If you optimize your SL a bit and accept lower RR, your win rate will become much higher
@thameralsabbagh71359 ай бұрын
Does it work on crypto as well? You only do it in stocks
@colbranmx Жыл бұрын
How many shares are we trading ?
@MarvishaN Жыл бұрын
I often wonder how successful investors are able to make millions of $$ from just trading stocks. Im completely new on this area of investing. I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey
@georgeh.5126 Жыл бұрын
Buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. But In a situation where you're after short term profit, it is best to get in touch with an investment professional to guide you with entry and exit points.
@josephbush Жыл бұрын
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
@aureliobjm Жыл бұрын
@josephbush That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@josephbush Жыл бұрын
@aureliobjm I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@aureliobjm Жыл бұрын
@josephbush This recommendation literally came at the right time, I’m down by $7k on my portfolio this week alone.. its crazy! I just looked up Heather online and researched her
@7trades77111 ай бұрын
Awesome video like always, Just wondering what is your fundamentals requirements (market size? float rotation? shorts interest? daily volume average? catalyst?, What support do you have for your thesis?
@user_abcxyzz2 ай бұрын
That's what I wanna know. Probably want a stock with lots of volume for easier liquidity and volatility, for lots of range
@khalfareed Жыл бұрын
what trading platform are you using? chart setup please? thank you
@rjjohn2829 Жыл бұрын
Hi bro. What broker are you using?
@Sam-vl3iv11 ай бұрын
Does this exact strategy work on Forex?
@dayneletlow8189 Жыл бұрын
What are some good brokers to trade with?
@galenath11 ай бұрын
thank you for sharing, I'm also still learning in the nfc community
@serraanindhita11 ай бұрын
great content! thank you very useful I am still learning in the fx community nusantara class
@calvinjordan396513 күн бұрын
Your technical analysis is literally predicting the future in basically knowing which way the market will go to input your trades what I’m not understanding is how do you decide when to trade after consolidation, after it reaches its high or broke even like what is your caution factors besides the candle wicks n trends that help you to determine that the trades you put in will be profitable. Ofc in every method there is loss as well as wins
@salvadorb706 Жыл бұрын
Guy im trying to get into trading. What platform do you guys recommend? I will really appreciate any opinions
@tomofnorthcal Жыл бұрын
Nice detailed graphs. You put in $500…? Are you trading options? Please advise.
@bkarmelita Жыл бұрын
What exactly does premarket high and premarket low mean?
@Daiin Жыл бұрын
best video ive seen in my life no cap
@mattfox15811 ай бұрын
Does this strategy and others you have posted work on Forex pairs or are they only for stocks?
@BrianAbbottGeordie10 ай бұрын
See his write up below the video.
@linlhin502811 ай бұрын
can you make samples of how a failed retest looks like. thank you
@juliengirard5236 Жыл бұрын
What are you trading, option or stock. kinf of confuse here because you call at 264 ish at sold at 265. which is only 1$ difference. Can someone enlight me pls?
@GavstarLeo7 ай бұрын
This is what I want to know. I wished this was cleared up in the video
@mysticmeg2912Ай бұрын
I’m presuming he’s buying 100s of contracts.
@Relax-em5yw10 ай бұрын
Does this strategy work for Forex too?
@ImazeVideos6 ай бұрын
I see you use 1m timeframe. The same strategy can to work on 5-15m ?
@jeanwoodman3847 Жыл бұрын
Nice vid. Which Timeframe did you use?
@gianni6373 Жыл бұрын
he used timeframe for get views LOL wake up
@tyga6348 Жыл бұрын
How much leverage you using how are you making 1500 off a couple diallers