The Only Day Trading Strategy I Would Use If I Could Start Over...

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The Trading Channel

The Trading Channel

Күн бұрын

Пікірлер: 504
@thatsmohd
@thatsmohd Жыл бұрын
Video Summary: (Thank Me Later) - The strategy involves using two different time frames: a higher time frame to identify the trend and a shorter time frame for trade entries. - The first step is to determine the direction of the trend by observing if prices are consistently making higher highs and higher lows above the 50 EMA. - Once the uptrend is confirmed, the trader looks for a specific zone to enter trades, which is the previous level of resistance that is likely to become support. - On the shorter time frame, specific chart patterns like double bottoms or head and shoulders patterns are identified for trade entries. - The entry is triggered by a breakout above the neckline of the identified chart patterns. - Risk management is crucial, and beginners or struggling traders should avoid risking a significant portion of their account on each trade. - Backtesting the strategy is recommended to gain confidence and determine its profitability over a large sample size of trades. - Developing a strong trading mindset is essential to handle losses and drawdowns effectively.
@adammckay2647
@adammckay2647 Жыл бұрын
Thank you brother
@Motivated_For_Success777
@Motivated_For_Success777 Жыл бұрын
You are awesome. Appreciate it.
@ggboss0822
@ggboss0822 Жыл бұрын
Thx
@adammckay2647
@adammckay2647 Жыл бұрын
Awesome summary . Thank you
@surjitkumar6179
@surjitkumar6179 Жыл бұрын
Thank you
@deanontheinterwebs
@deanontheinterwebs Жыл бұрын
The loss here you have shown is a great example of the late Mark Douglas's "probabalistic mindset" and that "every trade has a random outcome" -- leading to "you don't have to know what's going to happen next in order to be successful." This is a great example and strategy to follow, while for me I use pullbacks to the recent support/resistance on futures, the patterns repeat themselves in the same way. It's definitely the "only" strategy I would use if I had to choose one.
@smokethetruth
@smokethetruth Жыл бұрын
Do you ever think it's funny how they tell you before you know anything, that trading on patterns will lose you money but it turns out the opposite is true? It's almost like they want to keep us broke and in debt-slavery
@josesaiz2007
@josesaiz2007 Жыл бұрын
I love this channel! if you're reading this just know this guy keeps things simple. I hope trading works for you!
@unrealafk533
@unrealafk533 Жыл бұрын
What I love is that you remind us that loss is also a probability, unlike others who are showing that win is guaranteed.
@TradersSB
@TradersSB 8 ай бұрын
Yep, you're absolutely right. It's crucial to know how to take losses and stay level-headed ✌
@princetembo7952
@princetembo7952 10 ай бұрын
Stavo the best mentor,I encourage every beginner like my self to have one or two videos of your choice and watch them as many times as possible. Trust me you'll be learn something new every time you repeat
@sibonelelohlatshwayo7753
@sibonelelohlatshwayo7753 Жыл бұрын
This is the 1st channel youtube suggested for me when i began my journey of trading. Im glad to shout out that this is my 1st mentor. 😊
@drewdaniels6718
@drewdaniels6718 Жыл бұрын
I have downloaded Almost every video on this channel It’s been helpful re-watching them at me leisure time. If only I could subscribe a 100 times to this channel I would, thanks for all the content.
@zineddinebenkhaled5787
@zineddinebenkhaled5787 Жыл бұрын
I appreciate the honesty, the first time ever a youtube make a strategy and admits it is not always going to work.
@adamking3653
@adamking3653 9 ай бұрын
You're a brilliant teacher for beginners bud, thanks for posting such an accessible, ]argon free video!!
@psinha07
@psinha07 Жыл бұрын
As usual, a great video, Steven. Thanks a lot!
@ShumailaKhan2
@ShumailaKhan2 Жыл бұрын
I loved the way steven is honest n he also shows other side as well tht can loose a trade also despite being all rules set..a very honest video
@rjcfx1728
@rjcfx1728 Жыл бұрын
I love all of your content. Recently I’ve just been focusing on the 4H TF due to being busy with my normal job. I think this will work too given you are using the 4H as the anchor chart. Love this - Thank you 😊
@LainMathew
@LainMathew 8 ай бұрын
Affirmative.
@LainMathew
@LainMathew 8 ай бұрын
Here's a question: Do you have knowledge of any AI for trading?
@agbunnoamarachi5177
@agbunnoamarachi5177 7 ай бұрын
I too but I think monitoring the 15-min TF for possible entry might pose a challenge. How did it go for you? Was it convenient? I'm considering using this strategy on a 8-hour and 4-hour TF.
@omara.seal003
@omara.seal003 Жыл бұрын
Hey Steven just wanted to let you know I've been testing your strategies with paper trades on mt5 and trading view and can say I'm happy with the results. Love you work and guidance keep up the great work mate!
@phoenixcoleman7777
@phoenixcoleman7777 Жыл бұрын
Get a funded account
@asliceofcheese9989
@asliceofcheese9989 Жыл бұрын
btw, do u have any idea how did he determine the area of support at 4:45?
@aidencousens1914
@aidencousens1914 Жыл бұрын
@@asliceofcheese9989it’s the swing high that was resistance and then became support after it was breached
@tugbabekdas
@tugbabekdas 11 ай бұрын
How many of the trades did you lose? And can you explain please why you weren’t satisfied? Thanks
@Forexking.
@Forexking. 11 ай бұрын
@@tugbabekdasi have been testing stevens strategies and today i had 10 profitable trades. All his strategies are doing great.
@SmartFXTips
@SmartFXTips Жыл бұрын
Always very well explained, thank you!
@usamasaad9334
@usamasaad9334 Жыл бұрын
Thank you so much for giving newbies a reality of trading bcz most of them just think that , we will never loose if we know trading.
@josesaiz2007
@josesaiz2007 Жыл бұрын
yesir. I love how simple he keeps trading too! Gives me more confidence! And yes absolutely losing will happen. Cheers man!
@mervinmclune251
@mervinmclune251 Жыл бұрын
I have learned a lot from your presentations. its the only presentations that makes sense to me and that has caused me to starting to be a profitable trader
@robertmcelroy7538
@robertmcelroy7538 Жыл бұрын
Awesome yet again mate, the way you explain this is easy to understand. I also highly recommend the TTC full course to anyone its well worth it, i am really enjoying going through it, cheers mate.
@OLIVERAYRE
@OLIVERAYRE 5 ай бұрын
what happens if it breaks through the whole box? is that when theres break of structure and and change of course? then you need to flip the rules to the bearish version?
@tjjunior3348
@tjjunior3348 Жыл бұрын
I can say trading has taught me to have a lot of patience because in this vedio you just play the market like a vedio but on real time you wait patiently for the high time frames
@LeonardoSilva-ww1yu
@LeonardoSilva-ww1yu Жыл бұрын
Really nice work !! Thanks for all !!
@UjjwalKumar-np7pg
@UjjwalKumar-np7pg Жыл бұрын
Hey Steven...Thanks for giving an amazing info without any greed. I always follow your strategy and doing back testing with your strategy. I am new in the trading world. Just wnated to ask how to select the stock which fulfills your condition. Is there any specific screener is there to filter such stocks which fulfills your condition? 😊
@flashpartywarz7915
@flashpartywarz7915 Жыл бұрын
This is truly gold. Thank you man
@ianellis9450
@ianellis9450 Жыл бұрын
Bro you don’t understand how much Iv learn off your videos!! I will be a full time day trader
@barreda6646
@barreda6646 3 ай бұрын
How’s it gone since this comment?
@olowolafeolaoluwa7709
@olowolafeolaoluwa7709 Жыл бұрын
This is one of the easiest strategy out there. Thanks for showing the strategy can also give loss in the market. For me i av realised that what matter most is the zone marked out. No matter what PA is saying a marked zone according to the trend is going to be profitable or not. You can now use PA that align with the trend to scale up the entry with proper risk management!
@kingcr1024
@kingcr1024 Жыл бұрын
is that strategy that he just showed called : Support and Resistance or what is the Name of this strategy? Im confused
@apolinariolandicho7247
@apolinariolandicho7247 Жыл бұрын
As always this is My favorite trading channel very informative and helpdul....
@386CHAN
@386CHAN Жыл бұрын
Thanks for the video this is super valuable!
@financialmarketswithjb8289
@financialmarketswithjb8289 Жыл бұрын
you can also look for curved bottom ,cupand handle and falling wedges for buys, they also have good results
@sbonelogumede9589
@sbonelogumede9589 Жыл бұрын
Best video I've watched so far...you're the best
@Coted1988
@Coted1988 Жыл бұрын
I think what's really getting me is I'm unsure what kind of trader I am. I think I'd be best suited to stay with the trend and hold trades longer but I find myself (as a beginner still) trying to buy here, and sell the pull back and then switch back to buying.... I think my first vision of forex trading haa been clouded thinking I need to only hold trades for a few hrs.. I think as a beginner, holding trades longer is key to profits.
@thefonzies6895
@thefonzies6895 Жыл бұрын
facts espcially on high growth dividend paying stocks. Im just buying and holding while I learn all this stuff. I just started end of April. Ive been taking losses with a few beginers luck winning trades. But hes right on certain trades I dont want to hold I need to use my stop losses especially if there is no dividend that month to lower the hit.
@MrVirtuezzz
@MrVirtuezzz Жыл бұрын
depends on what timeframe you're trading. If you're swing trading a 60 minute chart, you should be holding for more than 2-3 bars anyway. Don't try to hold for hours while trading a 5 minute chart. you're right that scalping isn't recommended for beginners since you need to take more trades and see more setups. bare in mind swing trades will usually lose more than they win though, that's kind of a trade off
@JJ-is4wm
@JJ-is4wm Жыл бұрын
love this channel. awesome explanation
@keatonhonaker
@keatonhonaker 10 ай бұрын
Love your videos man!!
@willsparke5820
@willsparke5820 9 ай бұрын
thanks Mr for this update. I was doubtful about this .. now I'm confident with my analyses 👍👍👍❤
@dagoangkaras
@dagoangkaras 11 ай бұрын
great video!well thank you, very helpful for beginners like me who are just entering the world of forex, and are now learning in the nfc community.
@chotachota8811
@chotachota8811 Жыл бұрын
Thank you Bro, Most Grateful, from Capetown South Africa
@degened2990
@degened2990 Жыл бұрын
Awesome content as always brother. Thank you 🙏
@imadgh4880
@imadgh4880 Жыл бұрын
Perfect explication ❤❤
@talentfinete9164
@talentfinete9164 Жыл бұрын
very usefull and really nice lesson at the end:))
@44artifacts
@44artifacts Жыл бұрын
I from Ukraine. Know about forex 10+ years. Last year trade every day. Thank you!
@k-blonde-don2492
@k-blonde-don2492 Жыл бұрын
i love your content it has helped me understand the market way better. im from South Africa and trading in my country only just got popular recently and your channel has put me ahead . also as i was trying to sign up for your course i realised that your website is not that presentable and i am besides a day trader (beginner) im also a website designer and i'll love to work on it for any amount that i will reinvest into my account and furthermore my trading career . thank you i hope you see this
@altaafm
@altaafm Жыл бұрын
Great video 👍🏽
@kipkorirkirui3769
@kipkorirkirui3769 Жыл бұрын
Amazing steve❤,,been watching your videos for a while and I can confidently confirm that your indeed the best 👌 superb steeve👏
@maryannekarathe1143
@maryannekarathe1143 Жыл бұрын
Steven is the best.Thanks for this great content.
@user-zd5pf8ii8c
@user-zd5pf8ii8c 9 ай бұрын
You showed me how to create a money from simple work... ty for it
@strongmoneyforex
@strongmoneyforex 10 ай бұрын
Still going strong bro, you got me into trading and now I have my own strategy and mentorship, God bless and thank you
@healthfacts1upinsta262
@healthfacts1upinsta262 8 ай бұрын
I turned the bell notifications on!
@babatundejonathan2249
@babatundejonathan2249 Жыл бұрын
love the video, keep them coming pls😊😊😊
@Dr.RiccoMastermind
@Dr.RiccoMastermind Жыл бұрын
Hey Steven, please let us now by which rules you adapt your original target, let's say above the initial 2:1 reward/risk ratio
@MichaelShung
@MichaelShung Жыл бұрын
I usually trade on usdjpy as it happens to be my favourite pair and really easy to identify trends
@smitty8350
@smitty8350 Жыл бұрын
This is the truth. Thank you sir. Everyone wants to show the wins. A loss is inevitable. Banger video
@stephen2776
@stephen2776 Жыл бұрын
Great video as per Steve, usually what size should the zones be that you draw?
@famouscletusgodspower9909
@famouscletusgodspower9909 5 ай бұрын
Ty so much I really love the video and I learnt allot from it ❤
@SaadonAksah
@SaadonAksah 11 ай бұрын
Wow! Thanks for the explanation 👍
@Catherine-Nyokabi
@Catherine-Nyokabi Жыл бұрын
Thanks Steven you have been of help to me althrough
@modegolf
@modegolf Жыл бұрын
Hello Steven. Excellent videos...thank you. Do you ever use VWAP when day trading? Thank you. Jim H.
@cjay3543
@cjay3543 Жыл бұрын
Wow! So helpful! Thank you!!!
@chukwundubuisi4630
@chukwundubuisi4630 Жыл бұрын
Thanks sir you are an amazing teacher
@jimtech4501
@jimtech4501 Жыл бұрын
Thanks for the video, my question is that if the zone get broken can we still looking for setup at the base or not?
@bginvestor101
@bginvestor101 Жыл бұрын
Nice video. What is the success rate for the 2:1 using this symbol?
@Bassem1699
@Bassem1699 3 ай бұрын
Great video. Thanks!
@ROYALFXC
@ROYALFXC 2 ай бұрын
Awesome helpful video brother
@lubegahamos6559
@lubegahamos6559 Жыл бұрын
Ten months ago, I was a newbie clueless about trading. I didn't know what a pip is, didn't know the meaning of bullish and bearish, didn't know about wicks and I was confused what those candles really meant. TTC taught me from grass and I've accumulated so much knowledge. Currently I'm still backtesting but will soon start trading once i make a year of learning. I prefer swing trading as a beginner because I managed to make profits from it. You analyse the market then take a position for two to three weeks or more depending on the market. It maximises profits. The trading channel is king 👑 The trading Geek, The secret mindset, Rayner Teo, The moving average also helped me in learning .
@kehindedamilolaazeeze4811
@kehindedamilolaazeeze4811 7 ай бұрын
Those are my 3 mentor
@laurentalain9129
@laurentalain9129 11 ай бұрын
Thanks you!! You are a good teacher
@user-bq5jr8qh6n
@user-bq5jr8qh6n Жыл бұрын
Thank you. Great
@ruitheus3778
@ruitheus3778 11 ай бұрын
Really respect the fact that he put a trade that didnt work out with the strategy
@stantonromanadventures
@stantonromanadventures Жыл бұрын
greetings thank you for the teaching...
@user-pf8de6er5c
@user-pf8de6er5c 7 ай бұрын
You are doing great👍 GOD bless you
@hamedbie
@hamedbie Жыл бұрын
Heeeeeey man I'm the first watch you thanks 😁😁😁
@abam1roy194
@abam1roy194 Жыл бұрын
Thank Steven for this informative video..
@malusimthembu8908
@malusimthembu8908 Жыл бұрын
Loved the video
@uniqueweb5088
@uniqueweb5088 3 ай бұрын
what a video!!! Thanks a lot for video!!
@NickShawnFX
@NickShawnFX Жыл бұрын
Great stuff man. Simple S/R, during trending markets.
@TrizSobral
@TrizSobral Жыл бұрын
Yeah the simple works bro
@reginaldjones9330
@reginaldjones9330 Жыл бұрын
Your videos are amazing bro keep it up !
@goldenparadiserelaxation6222
@goldenparadiserelaxation6222 Жыл бұрын
You are really amazing. Thank you for what you are doing bro😊
@mazayafx
@mazayafx Жыл бұрын
Nice video man
@terrikc
@terrikc 8 ай бұрын
very helpful thank you steven
@shubhamchawla8703
@shubhamchawla8703 Жыл бұрын
The way you teach is very nice, And specifically, You teach to use Indicators, but the main core is always given to Price Action, Which is best. Thank you.
@glennharrison705
@glennharrison705 Жыл бұрын
excellent advise , Risk management
@hamedbie
@hamedbie Жыл бұрын
you are amazing man . I’ve been so much better at trading since I’ve been following you
@TrizSobral
@TrizSobral Жыл бұрын
Gratz bro
@user-hg3xv3gj8s
@user-hg3xv3gj8s Жыл бұрын
Even though I'm not a professional trader yet but your video had though me a lot about trading and i can't thank you enough
@calvinmack206
@calvinmack206 4 ай бұрын
Fantastic video and strategy. Thank u Stephen
@christopheropondo94
@christopheropondo94 5 күн бұрын
Steve I really like how you are simply articulating this concept. It's indeed sinking in. Thank you and may God continue giving you the grace. How much is mentorship program?
@RHEMAPIPS101
@RHEMAPIPS101 Жыл бұрын
Thanks Steve
@AnLac-zq7zd
@AnLac-zq7zd Жыл бұрын
Thanks a lot for your useful sharing. I am a Vietnamese student. I want to begin to join forex trade to support for my study. What should I do for the beginning?. Thanks again.
@raymondkalu176
@raymondkalu176 Жыл бұрын
Thanks for the info steven.. I would love to join your trading channel but am a beginner trader and don’t have much capital for nw… maybe next time
@M0ORW347
@M0ORW347 9 ай бұрын
Thank ya G this strategy has helped me a lot
@macster1613
@macster1613 11 ай бұрын
thank you for the video, it helps a lot.
@izuddin1978
@izuddin1978 Жыл бұрын
Thanks for the sharing
@camyeoman4180
@camyeoman4180 8 ай бұрын
Glad someone shows the losses as well, great video
@jason_wifi235
@jason_wifi235 Жыл бұрын
Simple but clear,,,thanks to this idea, ill backtest and tried it in my demo acct 👍
@vfotoprofessional7922
@vfotoprofessional7922 Жыл бұрын
are there hidden bass between 2 red big candle at 11:33 too? can we use it for confluent? (I am your Thai fan , sorry if my English not right)
@k.a.s.ii_chesta
@k.a.s.ii_chesta Жыл бұрын
Thanks finally 🙏
@bcrysinfinity7323
@bcrysinfinity7323 Жыл бұрын
Thanks bro for this awesome video topdown analysis
@epicdogs6466
@epicdogs6466 11 ай бұрын
Im trying to get into trading i have 0 knowledge ,but after your explanation im getting to understand the concept
@sirlawrencemckinney4440
@sirlawrencemckinney4440 Жыл бұрын
I love this channel
@josefgarcia1530
@josefgarcia1530 Жыл бұрын
Hi! How big should the level of resistence zone be?
@AnthonysTradingChannel
@AnthonysTradingChannel Жыл бұрын
I appreciate your effort in creating this video, it was interesting.
@Omegamindsett
@Omegamindsett 11 ай бұрын
Lol what does that mean?
@Fotisem
@Fotisem Жыл бұрын
Thank you Steve, a retest to the neckline is a safer method and you get better corrections for an entry
@edunewton1386
@edunewton1386 Жыл бұрын
Yeah, it's safer but it increases your stop loss margin (amount of pips for the SL)
@homi9561
@homi9561 Жыл бұрын
Stop trading this bullshit strategy i learn about SMC forex
@maniexceus5239
@maniexceus5239 Жыл бұрын
Basically higher time frame for bias and poi lower time frames for liquidity sweep bos and entry?
@alexjohn-yu1oi
@alexjohn-yu1oi Жыл бұрын
You are just genius of traders iam a big fan of you
@KYDUH
@KYDUH 6 ай бұрын
Hands down the best trading teacher on KZfaq
@addywan6685
@addywan6685 Жыл бұрын
Very understanding and logic
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