My Favorite Set Up | KEEP IT SIMPLE
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- เผยแพร่เมื่อ 18 ธ.ค. 2024
- I hope that you all enjoy the video! Leave a comment to let me know why you think of this sort of content, please!!
This is my favorite trade set up I learned from Stacey Burke, known as the “33” set up.
This is a set up to watch for on Wednesday and Friday, in the New York session, at or around the 3rd/4th hour of the session.
Timings: NY session 3rd/4th hour (10am-11am)confirmation on a day 3(Wednesday or Friday)
Levels: we must be in breakout at the high or low of the day(broken out of the previous days high or low of the day)
Behavior of Price: “M” pattern at the high of day or “W” pattern at the low of day on 1m or 5m. Remember that on a higher time frame(15m, 30m, 1h) these patterns are engulfments. We need to see other time frame traders trapped at the high or low of the day for the reversal trade. The engulfment is evidence of this.
All three of these aspects; Timings, Levels, and Behavior of Price must all align.
Trading is about consistency, and these trade set ups can offer that if only we can sit on our hands in the meantime. Even with these A+ set ups, traders will still commit themselves to self sabotaging behavior when they sit at their screen to trade.
ALL WE NEED IS ONE GOOD TRADE
I appreciate you all and may the trading Gods have mercy on your soul!
#daytrading #beginnertrader #howtotrade #buylowsellhigh #truthabouttrading #successfulmindset #besttradesetups #closingprice #trading #nyopen #forextrading #highofday #lowofday #tradesetup #tradesetups #tradesetupfortoday
I’ve been following Stacey for a couple years now so crazy to see this😂👍🏻👍🏻 . Your going in the right direction my friend
Yeah I know right! I’ve been hanging around his channel for a while too. It’s like he has become the prophet lol I am only a dedicated disciple
@ nice👍🏻may the markets go with you…u gained a new subscriber
I appreciate you!
Whoaa, it happens on gold yesterday 👀
Really depth knowledge which I need to know 🙏🙏
Many thanks & appreciate you as always
And I appreciate you! 🙏
Price action is king.
Also nice, the 333 is based on the weekly 123 123 or on the 3d cycle fake break 3 days
Both, my friend.
Backside of the week = Wednesday Day1, Thursday Day2, Friday Day3.
Also, Wednesday breaks the previous daily low which starts the day count. Thursday actually pulls back inside and breaks the opposite side of the range, thus confirming Wednesday’s breakout to the downside a False Breakout(false break starts the day count). So, Wednesday/Thursday = Day 1 & Day 2- making Friday Day 3
Hope that helps! I appreciate you 🙏🙏🙏
Thank you
Thank you 🙏
Thank u universe 🙏🙏
thank you for the video you explain very well may i ask you when you do a recording to do it on larger monitor looks like you recording on a telephone thanks
I appreciate you!
I will do my best in the future to use the computer rather than the phone. You’re not the first to suggest that!
@@freeyourmind4349 there is programm you can use on your computer OBS Studio is free and very good i useto make my own market analysis for discipline
Appreciate you putting out these.did you go through Stacey’s course or go through all of his vids?
Just the videos. I believe that everything you need is on the channel.
I’d suggest starting with his playlists called “mastering peak formations” and then “everything you need is in this playlist”.
The main thing for me was to not over complicate anything. The things I didn’t understand right away, I just filed them away for another day. Kind of a take what you need and leave the rest approach while gradually incorporating more and more over time. Easy does it, easy does it
@ not going to lie, While SB is dope… I can digest your breakdowns a lot easier. Appreciate your efforts g.
🙏🙏🙏
again, nice video with good explanation but please use bigger charts (not phone)
I hear you. I’ll do my best! Thanks
Well today is 3 days and it didn't reverse like yall said it would that why I said it don't works
My brother in Christ, how simple can I say this?
We don’t just buy or sell because it is day three. We are hunting very specific set ups and if they don’t show up…WE DO NOT TRADE. If you can’t understand this one simple thing, this channel and this style of trading isn’t for you.
The day count is a simple way of tracking price. The day count doesn’t guarantee anything is going to happen. We don’t just buy or sell because it’s day three.
We need to see VERY SPECIFIC things happen to confirm that we have a set up on day three. If any of the strict criteria is not met, WE DO NOT TRADE.
What you’re confused about is this…PAY ATTENTION TO THE WORDS YOU ARE ABOUT TO READ…this is method or strategy KEEPS ME OUT OF THE MARKET. It keeps me out of bad trades and stops me from chasing movement or trying to catch some pips.
THIS STRATEGY KEEPS ME OUT OF THE MARKET. It’s not about always being in a trade everyday or taking a trade every Wednesday or Friday.
WE ARE WAITING FOR A NEAR PERFECT OPPORTUNITY TO LOAD THE BOAT.
Sometimes I will wait for two weeks without taking a single trade. Why? Because I didn’t see my set up for those two weeks. Do you understand? We don’t always get a trade. It’s not about being in the market. It’s about staying out of the market until the time is just right.
Now, I will not respond to anymore of your heckling on the channel. If you only want to say “it don’t work”…good, get it out of your system. But I won’t be responding to your comments anymore. I could have a better conversation with a brick wall.
Well gold went down more then three days so u say this works
Just quit bro lol you sound (not trying to be mean) like a child that cannot understand logic.
How many times do I have to tell you, just because a market gives three lower closes doesn’t mean I’m going to buy it.
I need to see very specific price action in order to buy.
This system helps to identify days when set ups MAY occur…not MUST occur.
If it drops for more than three days…buddy, you simply restart the day count…it only goes to day three.
I understand how frustrating this can be. Try to hang in there though…you’ll get it!
It does work if you smarten up a little bit, Greg.
We don’t blindly enter the market just because it went down or went up for a certain amount of time.
If we have for example, 2 days of breakout shorts in the market, what do we need to see on day three?
Remember the market can only do three things. Higher close, lower close, or equal close.
If we are hunting a reversal set up on day three, what do we need to see? We want to see price break out again to the downside in New York first hour, second hour trade sideways and the third hour reverse with pin hammer or engulfment…”w” at low of day in break out. Then I might buy.
But if on day three we trade back to a previous high and consolidate I might be looking for a continuation trade.
If it work go live all i see is yall pick pairs from past data, put some skin in the game with a live account.
I do trade live. You’re a joke lol
I’ve posted my live trades in the past…
This entire thing is about waiting for the perfect opportunity. We’re not trading every day or even every week. So if you’re sitting there trying to trade to market every day, yeah this isn’t going to work for you, buddy.
@freeyourmind4349 lol u a joke
@@freeyourmind4349 take 5 to 20 pips that easy
@freeyourmind4349 so let me ask u a question if Monday day 1 so what happened if Tuesday day break Monday high don't that make Tuesday day 1? So if Wed don't break Tuesday low don't that make Wed day one?
@gregoryjohnson3483 yeah…you can’t confuse the weekly template day count with a three day set up day count. There is two different counts going on at the same time.
Keep it simple. Monday is always day 1, Tuesday is day 2 and Wednesday is day 1/reset to day 3, Thursday is day 2 and Friday is always day 3. Use this day count if the three day set up day counts confuse you.
You’re asking about a three day set up.
For example…if we have Monday that breaks out of Fridays range to the upside, Monday is day one of breakout traders in the market. Three days of break outs in the market is a three day set up and doesn’t have to align with the weekly template STATIC day count.
Tuesday breaks out of Mondays high(day two of break out longs in the market). Now, let’s say Wednesday doesn’t break a level…it’s not day three until a level is broken. After Wednesday, Thursday breaks Wednesday high becoming day 3 of break out traders in the market.
And just because it’s day three of breakout traders doesn’t mean we will get a reversal. We don’t just buy or sell because it’s been three days of breakouts. We are looking for specific timings levels and behavior of price on the day. That’s why the day count starts over after day three. We don’t keep counting “day four of breakouts, day five of breakouts” etc.
If you start trying to combine things before you even understand the basic weekly day count, you’re going to be confused.
You have to focus up, and pay attention to Stacey when he is telling us these things. Go start the playlist called “mastering peak formations” followed by the playlist called “everything you need to know is in this playlist” and try to keep your eyes open the entire time
U got a telegram i be glad to show u it dont works
No, thank you. I just told you that this is what works for me. I’m really not interested in what you have to say. If you can’t just explain yourself simply right here in the comments.
Why would I all of a sudden believe some random person on the Internet telling me that the exact thing that I’ve been using successfully doesn’t work? Lol
Ig it works why u shown a past charts no entry or take profit anone could show a chart thst happen in the past and say it works
When I show a chart I show when I enter and when I exist the trade so if it works why we don't see ur trade entry hmmmm
@whatever you say, bud. Kick rocks. Why are you even here if it doesn’t work?
@ you just sound like a lame bro. Pathetic. You want me to do all the work for you? I’ve already done enough by showing you this rinse and repeat scalable set ups.
You won’t get any better by watching me draw on a chart or trade live. YOU NEED TO WORK IT.
What is your strategy? Tell me your goals when you come to the screen? Are you trying to chase movement and grab some pips? Are you just showing up and trying to get the direction right? Are you just selling a market because “we are up high” or buying because “we are down low”?
Or are you hunting 90/10 parabolic, rinse and repeat set ups that are very specific as far as timings, levels, and behavior is concerned?
What are you even doing or thinking when you come to the charts? Tell us all so we can see what works for you
U do know this really don't works wright
It certainly works for me.
Care to explain your claim?
@@freeyourmind4349 because the market can go up for a few hours and down the next few hours
Go look the chart will show u that it don't works
@ great explanation, my friend. “ just go look at the charts.”
I look at the charts every time I trade, and I trade the same same set ups every time I trade.
It’s OK if it doesn’t work for you. We are all unique individuals. It is your job as a trader to figure out what works for you and continue to do that no matter what anyone else tries to tell you.
But even in this video, I told you I went through the USO charts from the beginning of 2024 and this trade set up alone has happened 27 times. When you see it, you can’t see it.
@freeyourmind4349 if it works let see ur withdrawal slips since u want to call someone lame. I'm not shared to show mines