EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS. Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us. Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com PROGRAM INCLUDES: Full training course (beginner to advanced) Technical analysis training Full rules-based Strategies Risk management training Strategy optimization training Backtesting training Weekly analysis video (each Monday) 3 to 5 email alerts each week Pro Trader Report (email of analysis) Priority email mentorship (Me personally answering your questions) Review videos FREE Spreadsheet for backtesting Advanced AP1 pattern training Advanced Double bottom/top training And much much more... For any questions about the course email - support@thetradingchannel.net PROGRAM ACCESS - www.eaptrainingprogram.com Talk soon, Your honest trading coach, Steven
Plz help.... I find this to be EXTEMELY helpful thanks! However for some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
I just got stopped out on two trades today, so I went back and changed the stop to include ATR, and sure enough both trades would've worked out! Wish I'd watched this sooner!
For some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
I love to see videos like this because what they don't tell you is that once your stop is placed in the market it's sitting there at a level that is known, so the price that you want to sell to stop the loss is known by the computers and buy everyone else in the market and when you enter a position and your take profit and your stop loss are entered with the trade you are seen by the algorithm it can notice that someone just bought and placed a stop and wherever you placed it and it is incentivized to come and get that order, so you can look back and look at your trades and see that they would have worked that you had a ATR stop loss in but if you had done it in real time the algorithm would have seen exactly where you put that order and it most likely would have came and got it also. That's why after you try to implement videos like this it doesn't work
@@jeramykennedy6813 i agree with this to an extent stop hunting does happen, but mainly on Lower timeframes 5 min and 1 min especially, but if you enter the trade after confirmation and wait one more candle the likely hood decreases if its a good entry especially if its on the last pull back before getting back into a trend then its too much effort to drop the price or pump the price to get all the stops so if you have 2x ATR stop and 1% risk yes your reward will be less but risk will as well. As long as you build a good strategy with an edge you can beat stop hunters in real time 😉
@@davidmacdonald7235 yes but I also will try it multiple times and you're right , on that last gasp you're gonna catch that huge move. And all the little ones made it worth it
Wow. I am so Impressed! I am from a Spanish country and what a blessing to know English and learn from a guy like Steven. i will devour all the knowledge on this channel.
Hi, I'm an airline pilot and I really like your well structured education video. I bough countless of classes online and I didn't find videos with such real proper value such as yours.. Big thanks, now I'm not being stop out of a trade as I use to. Keep up the good work and you can count me in as an active follower ! cheers
I tried learning this from 4 different other TH-cam videos, and i gave up and just came back to the Trading Channel. You make is EASY to understand. Thank you!! :)
Dude I just used this strategy to take to trades on a demo account (not back testing) real life data and two of does trades were wins, honestly this is the first time am getting in a trade because I believe it would go up or Down, thanks slot man you just made my day 😊
the best forex channel on youtube...all you have to do is backtest the raw strategies in this channel and come up with your own complete strategy based on your results
The reason why you get stopped out is that market makers have a very good idea of where all the stop-loss orders have been placed, so they'll push the market in that direction by placing huge orders and once those stop-loss orders are triggered they will flip 180 and reap the profits.
I saw this lesson 3 days ago and I had immediately put my stoplosses accordingly. Today BTC dropped 10% and recovered a big part of the dump in 30 minutes which normally would've totally stoplossed me out on most of my trades with BTC/alts pair (alts moved even harder). But thanks to this lesson I kept 90% my positions which are back within normal now :D Thanks Steven!
i watched this video & the lightbulb came on! i used to use point & figure charts, and always was drawn to ATR scale because that scale is objective. every other scale is subjective & it's the scale that determines buy/sell signals. now i'm back to candles, & it was the stop placement that caught my eye. i've been trading for quite a while with moderate to not much success. and when i saw "this is where rookies place their stops" & "this is where pro's place their stops" that the lightbulb came on. thanks for this
The Research will never Stop Trust me on that Mate, even If everything ist fully automated you still need to Research new Strategies to deploy and tweek or cancel your old ones.
Thank you, your the best. I’ve looked so far everywhere for someone to explain this ATR to my understanding. Your teaching is like an elementary easy to sync. Other traders, explain it and I appreciate it but it’s trash teaching because how come I understood your so easy and theirs made me feel like I was useless.
Man this is stuff that other so called professional traders sell for hundreds of dollars.. Buh you are offering it for totally free. God bless you man Proud to call you my mentor
Dude.. The ATr was developed donkey years ago and comes free on every charting package on the planet. Buy the book, technical analays of markets by John Murphy for 5 bucks...
Stephen, I have been following your channel for a while now and have been absorbing your wisdom sir. this week so far following your strategies and risk management systems, I am having my most profitable week ever ( well aware that this could change at any moment but you get the point haha ), my account has gained just under 20% this week alone. Thank you so much for all the free resources you give and I will definitely be joining the EAP in the near future as I believe my journey as a trader could be greatly improved by doing so. Thanks again!
@@DavidGonzalez-ii4zz Hi David, Thanks for checking in. I have quit my job to trade full time. I no longer trade in the higher time frames like Stephen did/does ( 4Hr with analysis on the 1D ) and I no longer trade Forex. I now am more of a scalp trader trading on the 5min chart with analysis on 30m and 4Hr ) because I found it suited my personality more and I only trade Bitcoin. I still use so much of what Stephen taught me mainly with candle patterns and support and resistance zones. My first ever profitable week of trading was using his rules. I’ll never forget what a good feeling that was. It was the first time I had made money strictly following a rules based system. Trading is so much more than just having a brokerage account with money in it and a system. Half the battle is not placing random trades out of boredom and revenge trading ( or so it was for me lol ). It is not a get rich quick scheme or something you can learn in a day. But if you really have passion for it and put the work in like I can proudly say I did you will come out on top. There was never any option for me. A world where I wasn’t going to be a trader was one I didn’t want to live in. There has to be no other option in your head, or else you will fail and give up. I came across trading when I was 16 and I didn’t become a profitable trader until I was 22. That’s the same time it would take you to become a doctor. You wouldn’t expect to be a good doctor if you did a 2 week online course and it’s no different with trading even though you might not understand this atm. Some people I have heard pick it up much quicker! If I was to give you advice it would be 5 things 1) write out your strategy 2) follow your strategy to a tee with no exceptions 3) do NOT revenge trade ( it will never end well ) 4) do not gamble trade ( this goes back to 2) 5) don’t lose too much money on the learning curve ( like I did lol ) Best of luck soldier!
As someone whos is starting to learn about trading...this video is very comprehensible, took a few watches but the information is very solid and precise,thank you
@@kguymyguyfrydie9710 Homestly, just getting back into my funded trader account with earn2trade.com(not a plug). I'm going to be re-implementing this strat, cause I get chopped out too often, which is one of the reasons I blew up my last account.
Steve, you are one of my favorite TH-cam forex mentors.. I get a lot of valuable knowledge always.. you are so sincere honest enthusiastic energetic forex teacher. I’m so glad I tried pro Trader reports that was incredibly helpful! Please keep up the good work and bless you always!
This is incredibly intelligent. I had to rewind and re-watch several times to wrap my brain around the concept. Have known ATR is vitally important since studying Richard Dennis and the Turtles via Covel, but this reveals some of the mystery around how to actually use it! Thanks
@@Nahlya No it isn't. Not the same at all. You clearly don't trade. I can take any bad strategy in the world and make it work with back testing if I pick and choose what time period I am looking at.
Its pretty much my main prolem at this point. My analysis is ON POINT. I am just not getting in at the right places and I keep missing my entry windows. If I DO get in I get stopped out on a pullback in the right direction. FML
Thank you, thank you and thank you. This just saved my life, a few minutes ago ... usually I just set SL at -300 or -30 ... this time I looked at the bottom and then minus the ATR before buying ... and it really helped me not getting wiped out like the past 3 weeks. Profit made within that spilt second .... thanks so and so and and so much.
Very helpful. I just was setting stop on last low low of low time frame - atr and waiting another candle (Elder). Now I set the same on low frame when it is time to sell, (when momentum is weak on middle frame) and pillow on previous low - atr of previous of low frame buy candle. That gives a second change. Great idea.. Thanx a lot.
this was great for beginners. so if we day, swing or option trade we can use this atr indicator all we have to do is go to the entry and measure pips then use that amount above or below on the previous candle to get the stop loss.
As a professional trader with 12 years of experience, I do not use the 2% risk per trade rule. This is for new traders and amateurs to keep them from blowing their account. I did use this rule when I was a beginner and it's useful for that period of trading. However, the more advanced a trader becomes they use more advanced position sizing methods as well.
On your ATR strategy at the end... Are you using automated trading? How do you calculate the ATR and calculate the size of the Breakout candle and then manage to place a buy order at the close of the break-out candle? Do you take the trade on the next candle?
Sir , I'm thankful That I have Found you on TH-cam To Get the Chance to Change my Life with My basic needs For my family. And yes I hope my trading Journey will be Grateful, now I'm able to Learn and make strategies by my own self Through the Knowledge and experience I learnt from your TH-cam channel , your Intro/Theme. Song Is my Morning alarm Ringtone That gives me motivation In every Starting of my day. Thank Your Very much For All Your Videos and for everything that you think for us , Stay Bless sir .
I am pretty sure, the well known high percentage of the newbie traders that lose money is certainty regarding these type of mistakes. It is clear that many losing trades can turned into winning trades with this tool. Thank you so much Steven for helping beginers to improve their trading skills.
I have been following your channel for sometime sir and I feel comfortable and easy to understand. I may have problems for now trading more loss but me watching and applying this what I learn may have positive outcome. thank so much.
Thank you Sir. This will be one of the holy grails to take me higher in my tradings. setting my Stop Loss level has always been a mistery for me. I don't even set it as I'm always stopped out with or without it
What seems to be fake brake out on 30min chart, is usually not a fake break out on 15min,1h and 4h (doesn't meet a "between 1 and 2 ATR" rule). So as always, you can see whatever you want on the chart. You want it to be fake break out, you will find a way to support it. If you don't want it to be fake break out, you will find a "right" time frame as well. And market will do whatever it wants anyway despite your drawings and measurings.
Man you are killing it with this strategy. I think this was one of the critical part which I was iessing for this strategy to work. Thank you I will work on back testing it. This video is worth a lot. The potential with this strategy is great.
bro didn't understand the 1 ATR and 2 ATR, i understood the concept in first part of vdo but didn't get the another part, the overall video is very helpful, thanks
Happened to me too , and not once. After starting to use the indicator , I saw that was just the gap i needed in order to land the previous deals that haven’t worked out. Thank you man :)
I had this issue with my stop losses when I was going through the topstep combine a few years ago... It costed me several resets when i knew I was right on the movement.
Hello brother, thanks for such a clear and helpful tutorial. I am a newbie in this but your tutorials are making the trading clear and easy. 13:42 I understand that 68Pips being ATR of that candle, then you added it with 186 where did that 186 come from? At similarly where did you get that 31 to add at 91 at 21:03. Thanks in advance
I was wondering why he add that number too. A lot of this video they tell I skittle info so u can buy there course to e plain it better that’s how the drag u in bc u want to know the rest.
Well said the only indicator that works as a day trader ive been using atr for 3 years now without it i couldn’t have captured the big moves atr is a boon for traders its not for trading guys its use is for stop loss and target ! My winrate is 1:2 with a 70% winrate thanks to atr i rarely get stoped out 🎉
great sir understand your strategy is there any other indicators I would add other than ATR With swing highs or swing lows for refine or for more accuracy
Not complete understood the concept of ATR vs Swing low. I think you may have to do a detailed video showing clearly ATR reference points vs swing low candle reference pips.
wow this makes a lot of sense but the problem would be to identify a false breakout easily .Is it a false breakout when the candle length is between 1 and 2 ATR alone.What do you do when it is below 1 and 2 ATR .Dont take the trade.
Yes AtR gives good space where stop loss is LESS likely to hit..But concern is that it also increase the target value.. It's a dis advantage that an inreased Target is less likely to achieve than a lower target...We are increasing the probability of Missing target on expense of avoiding stoploss hitting unnecessarily.... What's the solution for this?? Particularly in Equity Cash market I fear this Increased target is going to miss more than being achieved....
EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS.
Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us.
Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com
PROGRAM INCLUDES:
Full training course (beginner to advanced)
Technical analysis training
Full rules-based Strategies
Risk management training
Strategy optimization training
Backtesting training
Weekly analysis video (each Monday)
3 to 5 email alerts each week
Pro Trader Report (email of analysis)
Priority email mentorship (Me personally answering your questions)
Review videos
FREE Spreadsheet for backtesting
Advanced AP1 pattern training
Advanced Double bottom/top training
And much much more...
For any questions about the course email - support@thetradingchannel.net
PROGRAM ACCESS - www.eaptrainingprogram.com
Talk soon,
Your honest trading coach,
Steven
Plz help.... I find this to be EXTEMELY helpful thanks! However for some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
ATR indicator is also best when it comes to hedge trading, i just take a comparison on my trades
I just got stopped out on two trades today, so I went back and changed the stop to include ATR, and sure enough both trades would've worked out! Wish I'd watched this sooner!
For some reason when I load the ATR on my Traders View chart the numbers next to it DOES NOT show up. What do I need to do to get them to appear? Thank You!!!!!!
@@thecryptogauntlet1569 just activate indicator values in your chart settings
I love to see videos like this because what they don't tell you is that once your stop is placed in the market it's sitting there at a level that is known, so the price that you want to sell to stop the loss is known by the computers and buy everyone else in the market and when you enter a position and your take profit and your stop loss are entered with the trade you are seen by the algorithm it can notice that someone just bought and placed a stop and wherever you placed it and it is incentivized to come and get that order, so you can look back and look at your trades and see that they would have worked that you had a ATR stop loss in but if you had done it in real time the algorithm would have seen exactly where you put that order and it most likely would have came and got it also.
That's why after you try to implement videos like this it doesn't work
@@jeramykennedy6813 i agree with this to an extent stop hunting does happen, but mainly on Lower timeframes 5 min and 1 min especially, but if you enter the trade after confirmation and wait one more candle the likely hood decreases if its a good entry especially if its on the last pull back before getting back into a trend then its too much effort to drop the price or pump the price to get all the stops so if you have 2x ATR stop and 1% risk yes your reward will be less but risk will as well. As long as you build a good strategy with an edge you can beat stop hunters in real time 😉
@@davidmacdonald7235 yes but I also will try it multiple times and you're right , on that last gasp you're gonna catch that huge move. And all the little ones made it worth it
Wow. I am so Impressed! I am from a Spanish country and what a blessing to know English and learn from a guy like Steven. i will devour all the knowledge on this channel.
Hi, I'm an airline pilot and I really like your well structured education video. I bough countless of classes online and I didn't find videos with such real proper value such as yours.. Big thanks, now I'm not being stop out of a trade as I use to. Keep up the good work and you can count me in as an active follower ! cheers
I’ve watched like 10 videos on ATR and this is the only one that actually made sense
Did you watch the one from no nonsense forex channel? Also watch his video on big banks.
@Follow Jesus Christ his is also pretty good
I tried learning this from 4 different other TH-cam videos, and i gave up and just came back to the Trading Channel. You make is EASY to understand. Thank you!! :)
How is your progress now??
Dude I just used this strategy to take to trades on a demo account (not back testing) real life data and two of does trades were wins, honestly this is the first time am getting in a trade because I believe it would go up or Down, thanks slot man you just made my day 😊
the best forex channel on youtube...all you have to do is backtest the raw strategies in this channel and come up with your own complete strategy based on your results
This channel is a masterpiece
Indee it is
The reason why you get stopped out is that market makers have a very good idea of where all the stop-loss orders have been placed, so they'll push the market in that direction by placing huge orders and once those stop-loss orders are triggered they will flip 180 and reap the profits.
excatly
That's why you should trade w them
This is educational
10:12
I saw this lesson 3 days ago and I had immediately put my stoplosses accordingly. Today BTC dropped 10% and recovered a big part of the dump in 30 minutes which normally would've totally stoplossed me out on most of my trades with BTC/alts pair (alts moved even harder). But thanks to this lesson I kept 90% my positions which are back within normal now :D Thanks Steven!
i watched this video & the lightbulb came on! i used to use point & figure charts, and always was drawn to ATR scale because that scale is objective. every other scale is subjective & it's the scale that determines buy/sell signals. now i'm back to candles, & it was the stop placement that caught my eye. i've been trading for quite a while with moderate to not much success. and when i saw "this is where rookies place their stops" & "this is where pro's place their stops" that the lightbulb came on. thanks for this
Sooo true this is why the reasons I have a lot of loses i just started a month ago ang I'm still doing research in reading charts, thank you
The Research will never Stop Trust me on that Mate, even If everything ist fully automated you still need to Research new Strategies to deploy and tweek or cancel your old ones.
in 5 years time you "might" be profitable
@@malthus101 5 years? I’m profitable after 12 months of demo then going straight into live
@@patricktate4782 then you must be a genius 🤓
@@malthus101 ftmo win rate 100% because I’m patient and know what I am doing
Don't usually comment, but this has to be the best teaching on ATR I have found. Thanks!
Thank you, your the best. I’ve looked so far everywhere for someone to explain this ATR to my understanding. Your teaching is like an elementary easy to sync.
Other traders, explain it and I appreciate it but it’s trash teaching because how come I understood your so easy and theirs made me feel like I was useless.
Man this is stuff that other so called professional traders sell for hundreds of dollars.. Buh you are offering it for totally free.
God bless you man
Proud to call you my mentor
Dude.. The ATr was developed donkey years ago and comes free on every charting package on the planet. Buy the book, technical analays of markets by John Murphy for 5 bucks...
Stephen, I have been following your channel for a while now and have been absorbing your wisdom sir. this week so far following your strategies and risk management systems, I am having my most profitable week ever ( well aware that this could change at any moment but you get the point haha ), my account has gained just under 20% this week alone. Thank you so much for all the free resources you give and I will definitely be joining the EAP in the near future as I believe my journey as a trader could be greatly improved by doing so. Thanks again!
Do you trade on Forex or stocks/etfs?
How you doing now after 3 years ?
@@DavidGonzalez-ii4zz Hi David,
Thanks for checking in. I have quit my job to trade full time. I no longer trade in the higher time frames like Stephen did/does ( 4Hr with analysis on the 1D ) and I no longer trade Forex. I now am more of a scalp trader trading on the 5min chart with analysis on 30m and 4Hr ) because I found it suited my personality more and I only trade Bitcoin. I still use so much of what Stephen taught me mainly with candle patterns and support and resistance zones. My first ever profitable week of trading was using his rules. I’ll never forget what a good feeling that was. It was the first time I had made money strictly following a rules based system.
Trading is so much more than just having a brokerage account with money in it and a system. Half the battle is not placing random trades out of boredom and revenge trading ( or so it was for me lol ). It is not a get rich quick scheme or something you can learn in a day. But if you really have passion for it and put the work in like I can proudly say I did you will come out on top. There was never any option for me. A world where I wasn’t going to be a trader was one I didn’t want to live in. There has to be no other option in your head, or else you will fail and give up. I came across trading when I was 16 and I didn’t become a profitable trader until I was 22. That’s the same time it would take you to become a doctor. You wouldn’t expect to be a good doctor if you did a 2 week online course and it’s no different with trading even though you might not understand this atm. Some people I have heard pick it up much quicker!
If I was to give you advice it would be 5 things
1) write out your strategy
2) follow your strategy to a tee with no exceptions
3) do NOT revenge trade ( it will never end well )
4) do not gamble trade ( this goes back to 2)
5) don’t lose too much money on the learning curve ( like I did lol )
Best of luck soldier!
As someone whos is starting to learn about trading...this video is very comprehensible, took a few watches but the information is very solid and precise,thank you
This has been what's killing me lately. Entry, stop out, RUN! Dude, thanks so much for this video. Think my losing streak will be over soon.
How you holding up? I'm tryna see if this would work for something like Gold
@@kguymyguyfrydie9710 Homestly, just getting back into my funded trader account with earn2trade.com(not a plug). I'm going to be re-implementing this strat, cause I get chopped out too often, which is one of the reasons I blew up my last account.
This is the best explanation on using ATR I have found so far.
Steve, you are one of my favorite TH-cam forex mentors.. I get a lot of valuable knowledge always.. you are so sincere honest enthusiastic energetic forex teacher. I’m so glad I tried pro Trader reports that was incredibly helpful! Please keep up the good work and bless you always!
This is incredibly intelligent. I had to rewind and re-watch several times to wrap my brain around the concept. Have known ATR is vitally important since studying Richard Dennis and the Turtles via Covel, but this reveals some of the mystery around how to actually use it! Thanks
Can you help me?
Just got to start understanding the ATR in this video so I can finally have a real working strategy. Thank you
TTC is the Picasso when it comes to trading info. Periodt
Absolutely agree. The ATR indicator is the best (and only) indicator I use.
I m very impressed by the energy you put in your videos. Very well explained and truly you are saving money to a LOT of people.
This guy is a true g as soon as im finishing the playlist im buying that formation
I wish people would show their strategies live. You can make any strategy or indicator work with back testing, but its different live.
@@Nahlya No it isn't. Not the same at all. You clearly don't trade. I can take any bad strategy in the world and make it work with back testing if I pick and choose what time period I am looking at.
@@Nahlya most ridiculous response ever hahahahaah
@@Nahlya you definitely don’t trade lmao
Hey. I am a new subscriber and I have already watched most of your videos. I just had to let you know, they are very effective and useful. Thank you.
Man You are amazing instructor you must be the 1st on youtube good luck bro
Its pretty much my main prolem at this point. My analysis is ON POINT. I am just not getting in at the right places and I keep missing my entry windows. If I DO get in I get stopped out on a pullback in the right direction. FML
《KiNG》 averaging in partial positions can help and then having a stop at whatever atr multiplier you want
So how is your tracing now 4 years after
Thank you, thank you and thank you. This just saved my life, a few minutes ago ... usually I just set SL at -300 or -30 ... this time I looked at the bottom and then minus the ATR before buying ... and it really helped me not getting wiped out like the past 3 weeks. Profit made within that spilt second .... thanks so and so and and so much.
Very helpful. I just was setting stop on last low low of low time frame - atr and waiting another candle (Elder). Now I set the same on low frame when it is time to sell, (when momentum is weak on middle frame) and pillow on previous low - atr of previous of low frame buy candle. That gives a second change. Great idea.. Thanx a lot.
i have watched a bunch of trading videos but your way of talking is so understandable.... thank you
you are really honest, i like how you hid the atr at 0:36
this was great for beginners. so if we day, swing or option trade we can use this atr indicator all we have to do is go to the entry and measure pips then use that amount above or below on the previous candle to get the stop loss.
I am a beginner and so far this is the best lesson I have ever come across. You are good at explaining bro👊👊
Thumbs
this video is pure gold!! like every other in your channel 🏆🏅
Stay safe and happy trading you all. Remember to never risk more than 2% of your capital on a single trade unless you're super confident
Even if you are super confident, don't risk more than 2%. market doesn't care about the confidence.
As a professional trader with 12 years of experience, I do not use the 2% risk per trade rule. This is for new traders and amateurs to keep them from blowing their account. I did use this rule when I was a beginner and it's useful for that period of trading. However, the more advanced a trader becomes they use more advanced position sizing methods as well.
@@73lube where you learn?
4RenžiK can you go more in depth about position size methods? Or can i contact you to know? Im eager
Does anyone else cut some losses during a drawdown and then compound lots as it it breaking our profit margin ?
On your ATR strategy at the end... Are you using automated trading? How do you calculate the ATR and calculate the size of the Breakout candle and then manage to place a buy order at the close of the break-out candle? Do you take the trade on the next candle?
Sir , I'm thankful That I have Found you on TH-cam To Get the Chance to Change my Life with My basic needs For my family. And yes I hope my trading Journey will be Grateful, now I'm able to Learn and make strategies by my own self Through the Knowledge and experience I learnt from your TH-cam channel , your Intro/Theme. Song Is my Morning alarm Ringtone That gives me motivation In every Starting of my day. Thank Your Very much For All Your Videos and for everything that you think for us , Stay Bless sir .
Such a great teacher! Thanks for all your hard work on these videos.
I owe you a great debt of gratitude steve. God bless u and keep u safe mn
Bro, excuse my French, I LOVE HOW FUCKING "CLEAR" you explain things!!!!!!!
I am pretty sure, the well known high percentage of the newbie traders that lose money is certainty regarding these type of mistakes. It is clear that many losing trades can turned into winning trades with this tool. Thank you so much Steven for helping beginers to improve their trading skills.
Incredible presentation of ATR
Please carry on doing the videos you do, I have learnt more in the past hour than the past 2 years, your a ledge, from London
Thanks for this tip, i was always putting a stop above previous structure or a 20 to 30pip range, always got stopped out. Thanks
I usually take the atr in its decimal form, multiplied by 1.5. Then apply it to a 1-2 risk to reward. So it helps my stop loss and take profit.
Whats your win rate ?
@@getspunky3679 100%
You are an awesome mentor! Thank you so much for all of your very informative videos. They are all greatly appreciated.
this is definitely where my problem lies in where to put my sl. I also like that ATR strategy, I'll keep testing it. Thanks
Wonderful video on how to set your stop loss, but my question here is how many Lot size can you use with this larger stop loss?
At last Clarity! Thank you. This is a really helpful Explanation for ATR and how to apply it.
I have been following your channel for sometime sir and I feel comfortable and easy to understand. I may have problems for now trading more loss but me watching and applying this what I learn may have positive outcome. thank so much.
Thank you Sir. This will be one of the holy grails to take me higher in my tradings. setting my Stop Loss level has always been a mistery for me. I don't even set it as I'm always stopped out with or without it
Love your work so much bruh. This thanksgiving, am thankful for trader like you giving back to the community.
What seems to be fake brake out on 30min chart, is usually not a fake break out on 15min,1h and 4h (doesn't meet a "between 1 and 2 ATR" rule). So as always, you can see whatever you want on the chart. You want it to be fake break out, you will find a way to support it. If you don't want it to be fake break out, you will find a "right" time frame as well. And market will do whatever it wants anyway despite your drawings and measurings.
I learnt breakout from you sir,I’m working hard on it and I pray my trade change for better
xbtinr big mood that
Interested in a trade buddy? Also studying the breakout strategy.
Yes for sure
Thank you for giving us these golden nuggets! Appreciated.
You are God Sent! I just wish I could afford your EAP program 😞I need to trade full time. This pandemic has hit hard. Many Thanks
Going to test the strategies and technicals at the past is like solving the Examination in front of Answers.
This my fav forex channel ngl
Really valuable content! ATR is what most pro traders use.
@@robertbrawley5048 I'm psychic you knob cheese!
dope that you actually care about people bro. thank you
To simplify things, right now I'm using 7*ATR because I find it gets the stop loss below or above most highs/lows in the range/trend.
Man you are killing it with this strategy. I think this was one of the critical part which I was iessing for this strategy to work. Thank you I will work on back testing it. This video is worth a lot. The potential with this strategy is great.
Thank you The Trading God. Respect from India.
My brother... Your advice is gold. Appreciate you
Great video buddy! this closes the gap I had for a couple of months....
I have this problem more than anything. If it wasn't for being stopped out I would win a higher % of trades. Thanks for this video!
I havent even watched it yet just pressed play....but I already hit like because I know how you do it!! Thanks so much bro!!
That 5 candle HAMMER Strat vid I have watched about 50 ?!! At least!!!! And I have been paid this week as a result!!
bro didn't understand the 1 ATR and 2 ATR, i understood the concept in first part of vdo but didn't get the another part, the overall video is very helpful, thanks
🤦🏻♂️watch it again. 🤷🏻♂️and again and again till you get it. Practice makes perfect.
Ricardo Zapata it’s the only way
the ATR 1 and ATR 2 ? not understood too
Happened to me too , and not once.
After starting to use the indicator , I saw that was just the gap i needed in order to land the previous deals that haven’t worked out.
Thank you man :)
Hi Steven, thank you for your free content its really help me so much. I hope that you will make a content about trailing stop next time.
I vote for trailing stop video... or it is for beginners only?
Very Helpful and organized strategy we have here. Praise God for your life brother Steven ;)
I had this issue with my stop losses when I was going through the topstep combine a few years ago... It costed me several resets when i knew I was right on the movement.
This guy is the real MVP in 2020!!
this is it, this is the video i needed, tnx so much steve
Top Entry points
1. Support and resistance
2. Swings
3. Crossing moving average
4. Rejection 200 m.a
5. Crossing triangle
I have watched most of your videos,their really amazing n helpful thanks
"on the PLANET!" haha! The title made me smile! Love your videos, they're always so educational, I've learned so much thanks to you!
Just watched the first 75 seconds and you got me.
Thumbs up ... excited to see the rest of the video :-)
Hello brother, thanks for such a clear and helpful tutorial. I am a newbie in this but your tutorials are making the trading clear and easy. 13:42 I understand that 68Pips being ATR of that candle, then you added it with 186 where did that 186 come from? At similarly where did you get that 31 to add at 91 at 21:03. Thanks in advance
Fezekile Plaatyi I was wondering the same thing, did you find out already?
I understood the first one. The 186 was the lowest low of the swinglow indicating candle.
It’s the low the candle minus the open or close depending on whether it is a bull or bear candle.
I was wondering why he add that number too. A lot of this video they tell I skittle info so u can buy there course to e plain it better that’s how the drag u in bc u want to know the rest.
It’s because the red candle next to the entry green candle had gone down 186 pips which than he added on the 68pips on top.
you're the best trading channel ever i swear! imma be rich in 3 years
It’s nuts how people come up with trading strategies like these
back testing never goes wrong, what a pro rookie!~
You mean It is a bad method?
Very well explained. Thank you. Even a blind will get it. Great talent for teaching you have. So many channels they talk jewbrish...
Well said the only indicator that works as a day trader ive been using atr for 3 years now without it i couldn’t have captured the big moves atr is a boon for traders its not for trading guys its use is for stop loss and target ! My winrate is 1:2 with a 70% winrate thanks to atr i rarely get stoped out 🎉
I love your teaching. I have been fellow your videos.
Thanks. This'll be the last indicator I add to my charts. ATR, MACD, VWAP, and 200 EMA. I'm all set for Monday. Haha
Will u pls tell me the strategy?
Thanks Steven , I always watch your videos.
I tested this on a non false breakout candle and it was still between the range of atr 1 and 2 even though it was a true breakout
I don't understand this but I will work rewatch it again.
great sir
understand your strategy
is there any other indicators I would add
other than ATR With swing highs or swing lows
for refine or for more accuracy
Not complete understood the concept of ATR vs Swing low. I think you may have to do a detailed video showing clearly ATR reference points vs swing low candle reference pips.
Itne paise me itna hiz milega Reddy Bhai😂
What an Amazing explanation! Thank you so much
wow this makes a lot of sense but the problem would be to identify a false breakout easily .Is it a false breakout when the candle length is between 1 and 2 ATR alone.What do you do when it is below 1 and 2 ATR .Dont take the trade.
Yes AtR gives good space where stop loss is LESS likely to hit..But concern is that it also increase the target value.. It's a dis advantage that an inreased Target is less likely to achieve than a lower target...We are increasing the probability of Missing target on expense of avoiding stoploss hitting unnecessarily.... What's the solution for this?? Particularly in Equity Cash market I fear this Increased target is going to miss more than being achieved....
I agree with you
Great content. Can we see you do some live trades?
Blessed to receive this knowledge!🙏🏿🙏🏿