How to Use the Weekly Open Like a Professional Trader

Рет қаралды 33,285

5 жыл бұрын

In today's video, we show you how to use the weekly open like a professional trader.
You will learn how we use this tool to confirm our bias for the week and spot the weekly high or low so that we can trade the range expansion in the direction of order flow.
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Пікірлер: 54

@romankonstantin2081 2 жыл бұрын

Man, so many lines! This is why I’m reluctant at joining crypto/forex trading, you don’t even understand what you see 😔

@andrewdonkelly3187 2 жыл бұрын

😆, I felt same at first till I made some findings. You don’t need to venture into forex/crypto trading on your own especially when you have little or no knowledge about it. All you gotta do is get professional help and a start up capital and you’re good to go!

@sanbede775 2 жыл бұрын

@@andrewdonkelly3187 hello, are you a professional trader? I need your help

@romankonstantin2081 2 жыл бұрын

@@andrewdonkelly3187 do you have any recommendation? I’m ready to do what it takes to start earning money from this business starting now! Please help friend

@andrewdonkelly3187 2 жыл бұрын

Oh yes, I do. I can’t pretend to be what I’m not. I’ll refer you to Ryan Haiss. He is exceptional when it comes to analyzing the market and handling trades for students.

@romankonstantin2081 2 жыл бұрын

@@andrewdonkelly3187 alright. How do I get in touch with him? Any social link?

@zebronmario3525 2 жыл бұрын

I was just working on a strategy using the weekly candle and I did a search on KZfaq to see if there is someone with a similar strategy. Then boom found the best tool ever👌

@TradeProAcademy 2 жыл бұрын

That's great to hear! We are glad you found this helpful. Stay tuned for more videos like these.

@zebronmario3525 2 жыл бұрын

@@TradeProAcademy Though i have an issue , when i choose that indicator i'm getting an outo trendline

@Omarsalimmind Жыл бұрын

I like how you explained everything 3 times thanks for sharing..

@kplekeba 5 ай бұрын

Many thanks Mark, still relevant and helpful in 2024, and the blog was helpful too.....may God Almighty richly bless

@fearless8352 2 жыл бұрын

You have no idea how much this helped me. I trade crypto and there are SO many wicks and opens it gets super confusing. This indicator then does everything automatically for me. Great stuff, thanks so much!!!

@TradeProAcademy 2 жыл бұрын

We're so glad we could be of help to you! Don't forget to subscribe to our channel to get notified every time we upload such videos!

@peterafinotan8798 4 жыл бұрын

This is really great stuff, Mark. Many thanks for sharing.

@TradeProAcademy 4 жыл бұрын

Thanks for taking the time to watch and comment Peter! Your support is greatly appreciated! Cheers - Mark

@williamshephard8775 5 жыл бұрын

Excellent video Mark, will definitely use this tool in my strategy. Thanks for sharing brother.

@TradeProAcademy 5 жыл бұрын

Thanks for your continued support WIll! - Mark

@haywisemichael4509 2 жыл бұрын

This is the best video I've ever watched. Thanks man!! WOW

@TradeProAcademy 2 жыл бұрын

That's great to hear! Stay tuned for more amazing trading content!

@BillionaireDubaii 3 жыл бұрын

Wow thank you ! Very simple !

@TradeProAcademy 3 жыл бұрын

Thank you for watching :)

@dripincooperation4423 5 жыл бұрын

From Jamaica and love your strategy

@TradeProAcademy 5 жыл бұрын

Thanks for watching and commenting!

@R.S.I.Master 2 жыл бұрын

Finally I found this video.... Thanks bro....

@TradeProAcademy 2 жыл бұрын

Thanks for watching!

@fekasng2010 5 жыл бұрын

Nice one tradepro.. Can this strategy work on daily open as well.. Thanks.. I saw your using m15 and h1 as entry base on the weekly open.

@TradeProAcademy 5 жыл бұрын

Hey Ifeanyi. You can definitely use this concept on the daily open if you are expecting a bullish or bearish session for the coming day! Thanks for watching!

@IfexcoPlus Жыл бұрын

Thank You

@TradeProAcademy Жыл бұрын

You're welcome

@rnzkq3h5 5 жыл бұрын

Great strategy do you have a strategy for daily opens.?

@TradeProAcademy 5 жыл бұрын

Hey Tony, thanks for watching! The same concept can be applied to the daily open if you are expecting the next day to be bullish or bearish! Especially if the market is already above or below its weekly open!

@ghghana5182 3 жыл бұрын

Why are the lines where they are I used the indicator but a lil confused where to draw lines you have here on your graph

@nq6417 5 жыл бұрын

Which open are you using on the indexes? Is it the 6pm EST or the 930am EST?

@TradeProAcademy 5 жыл бұрын

Hey Greg. Thanks for commenting! We use the 6 pm EST open on Sunday evening for the weekly open on indices!

@smalltugz 3 жыл бұрын

I have noticed that the weekly open really does act as some sort of key level for that week, price re-acts even to the previous weeks open as well

@TradeProAcademy 3 жыл бұрын

Absolutely - weekly levels, also daily highs, lows and prior day closes overlayed on the following day are clutch. These are levels of trapped traders and open positions - very key to find high probability trades.

@jamesmurray5345 2 жыл бұрын

@@TradeProAcademy are you trading the previous weeks candle?

@klsdfcrbedwhsjdcfrew 2 жыл бұрын

Holy shit you might’ve just changed my life

@waltermoilwa 5 жыл бұрын

Nice vid, it looks like you're using an 1hourly chat, is there a specific reason for that?

@TradeProAcademy 5 жыл бұрын

Hey Walter, the 1h chart is a good intermediate period between a 1 day and a more active one like 5 mins. You see trends more smoothly, yet you can still plan areas where you will make an entry. It's a very powerful timeframe, in fact it's best applied doing a multipe time frame analysis approach. Here is a blog post we wrote on this that will help you a ton: tradeproacademy.com/blog/forex-price-action-trading/ Hope this helps. I send you love, joy and happiness. - George

@waltermoilwa 5 жыл бұрын

@@TradeProAcademyThanks for the link with the info, ill check it out. One last thing, is it advisable to use 1-HR chats for Daily open analysis as well?

@TradeProAcademy 5 жыл бұрын

@@waltermoilwa You can still use the 1HR chart on the daily open to map out levels and bias, however, this would be more suited towards day trading. For trade execution, I would drop down another timeframe into maybe a 15 or 5 minute to time the entry. Cheers - George