nothing is more powerful than a trained mind and eye to spot setups without using any indicator.. and people should know first hand how to trade by price action only.. and in time to use an indicator to serve as a confluence.. also people should know how to mimic the function of a candidate indicator before using it..
most people dont want to put in that sort of time and effort needed to become.proficient- hence why theres a market for marketing magic indicators and strategies to unsuspecting retail
I trade by price action…everything else is a waste of my time…give me heavy volume, heavy volatility and d get the hell out of my way…happy training you all!
I agree. If this video proves anything, it shows traders that candle science is BS and doesn't work. We see a massive bearish engulfing, we are told should mean a reversal in the market (not like a couple of smaller bearish candles in a retrace) and the next candle is a bullish one, although not engulfing. So we wait to see what happens. Immediately after a doji, so we are told to wait for the next candle which is a bearish shooting star (reverse hammer) candle, which on the previous bullish candle should signify a reversal on the bullish. What happens, it does nothing of the sort and price continues upwards. Candle patterns don't work in trends. If it's going up, it's going up and the only time we know if the trend is going to reverse is if it hits an area of liquidity to rebound off of, which is either a fair value gap, supply/demand zone, an order block or the previous day's high/low. Candle science is rubbish regardless what time frame you use even though higher time frames are more trusting than lower ones.
I just have a question. I am a new trader. Can you please tell me where you do these I mean the graph and the library? Can I find library in every training website?
Trading reversals is the easiest way to the poor house. It is impossible to predict the future which is what you are attempting to do. Trade what is happening and stop trying to hit tops and bottoms like the losing 95%+ do
Wow. New traders all I can see on your new charts is thousands of indicators that all these youtubers promote. New traders stay off of youtube for advise. It will absolutely throw off your trading. Learning price action, Market structure, candle stick patterns, looking at a chart fully to do analysis from a higher time frame down to a smaller 1. Getting those basics and practing in demo is whats needed.
I disagree with your views on candle patterns. They're absolutely BS. 'Sometimes' they work on higher time frames, but this video proves that they don't. Look at the beginning of the video? Massive bearish engulfing, followed by a bullish, then a doji and a shooting star? We see a lower low and a lower high. All of this, with candle science, signifies a reversal and yet the market continued moving upwards. I agree in top down analysis, however what new traders really need to know is that the market SEEKS liquidity. It's going to look for premium/discount arrays and they come in the form of order blocks, fair value gaps, ranging support-resistance zones, supply and demand and previous day high/low. That's it. My best advice, to new traders is simply this: If you're trading, say, the EURUSD Forex pair (or any for that matter) look to the two biggest markets for that which is London and New York. Find the low/high of the London and enter your trade there. The market is most likely to move to seek higher liquidity. So if you look at the EURUSD pair for 30th April we see the London High was at 11am (GMT) and the market moved all the way down to seek liquidity in a resptected FVG, created a week prior setting the low for the next day at 8am (GMT) before moving right back up the previous daily high of London to sweep liquidity. And of course, it then went back down. This is all you really need to know. Candle science, really is BS, along with technical analysis and chart patterns, including most indicators as well. BIG MONEY will make candle patterns to trick traders into investing. My strategy is simple - find the daily high-low and put a trade on there to seek the previous day's low/high.
Well, from looking at the chart, the candle science went completely out of the window. We see a bearish engulfing, which should denote a reversal, as a retrace on a trending market is usually a couple of smaller candles hitting the trend line. Then we see a bullish candle afterwards, followed by a doji then a shooting star, which on the doji should denote a reversal of the previous bullish candle, so we should be going bearish. Then the complete opposite happens. If this proves anything it proves that candle science is BS, just like chart patterns. The bottom line, I've come to realise, with trading is that the market seeks liquidity. It's going to head for premium or discount arrays (FVG, order blocks, supply & demand, previous day high or low) and that's it.
Like most of Lux's Indicators look pretty but mostly useless On replay Order Blocks just keep moving with price they are certainly no indication price with go there and they are also in the wrong place Oder Blocks should be Just Up or down from the Body of the Candle 2 - 3 pips That's those Explosive Candles the Long ones
📌@ Luxalgo More than trading I learnt very precious think from your videos which is "Here are many haters around people who focus their goal but they fade away by our continues efforts and ignorance. 🙌🔥 Thanks for your efforts. Particularly I'm Daily back testing in live market with your Smc indicator.
Major days you want to look for red news. Red news will have a significant impact on the market. 1st Friday of every month is one of them. Do a search for websites that have real time trading calendars. Also do the same for your mobile phone.
Lol this dont work 😂 never heard of some shhesh like this thats why you gotta red them books 📚 like me years of reading and practicing now im financially secured
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It works! I just sold my laptop to cover margin.
😂😂😂😂😂
😂😂😂😂😂😂 I'm sorry for you bro if you're not joking
😂😂😂 how you gonna trade?
@@thephiitcoach getting a job as a day trader at McDonald’s cashier 🥶🥶🥶
I just sold my my kidney to open my account to margin trade with this signal!
nothing is more powerful than a trained mind and eye to spot setups without using any indicator.. and people should know first hand how to trade by price action only.. and in time to use an indicator to serve as a confluence.. also people should know how to mimic the function of a candidate indicator before using it..
most people dont want to put in that sort of time and effort needed to become.proficient- hence why theres a market for marketing magic indicators and strategies to unsuspecting retail
@@demarcorr i agree
@@demarcorrthey’re all lagging though never gonna get good entries using indicators
@@teey1287 uh yes i know, thank you
@@demarcorr shut up
Good teaching, so many people come here with the goal of chasing money more than knowledge and that will hurt your progress.
IVE NEVER SEEN THAT LONG SIGNAL EVER
volume and price action. Use Fib, volume, wyckoff and that is it
dude... just keep doing what you do. i dont know how youve consistently avoided the bullahit up to this point, but its working.
Boss you are the best. I know you are d one who made TradingView software
I trade by price action…everything else is a waste of my time…give me heavy volume, heavy volatility and d get the hell out of my way…happy training you all!
I agree. If this video proves anything, it shows traders that candle science is BS and doesn't work. We see a massive bearish engulfing, we are told should mean a reversal in the market (not like a couple of smaller bearish candles in a retrace) and the next candle is a bullish one, although not engulfing. So we wait to see what happens. Immediately after a doji, so we are told to wait for the next candle which is a bearish shooting star (reverse hammer) candle, which on the previous bullish candle should signify a reversal on the bullish. What happens, it does nothing of the sort and price continues upwards.
Candle patterns don't work in trends. If it's going up, it's going up and the only time we know if the trend is going to reverse is if it hits an area of liquidity to rebound off of, which is either a fair value gap, supply/demand zone, an order block or the previous day's high/low.
Candle science is rubbish regardless what time frame you use even though higher time frames are more trusting than lower ones.
I just have a question. I am a new trader. Can you please tell me where you do these I mean the graph and the library? Can I find library in every training website?
I used the master pattern indicator to pass the The5ers prop challenge.
INDISPENSABLE!
Hey except Tradingview, your indicator is available at any other website as well ?
Heikin Ashi is all I need
R u profitable
Thalaivare finally i found u
Thalaivare enna Inga
I'm proud to support SphynxLabs and their mission.
S&D is my strategy, which I used to fund with a Trade The Pool stock prop account.
New to trading so what does S&D stand for 😂🤔
Search and destroy all 😂
Please make something for binary options
How about just do a break and retest the support?
if it worked he wouldn't need youtube views
What's the accuracy on this?
If reverse no turning back,u cry without eyes drop 😅
Don't chase tops and bottoms you'll only go broke! Trade the trend and take partials.
Agreed but when trading the trend u get f by reversals.
@@mrmangohead1219 set realistic targets to not get screwed by reversals. S and R levels help too.
I'm scalping using Bollinger bands, stochastics, and RSI in my The5ers prop challenge.
I use RSI, MACD, and Keltner channel.
Jus sell OTM options on stocks u wouldn't mind owning. Easy and no sitting in front of the computer all day.
Yeah but most times they end up worthless
@@ajoduaneYou may b thinking of 'buying' options. I 'sell' em and get paid immediately... every time. ❤
Is it repainting?
Trading reversals is the easiest way to the poor house. It is impossible to predict the future which is what you are attempting to do. Trade what is happening and stop trying to hit tops and bottoms like the losing 95%+ do
Boss so what is your suggestion? Is it good to trade reversal or not?
@@sunnybabacomedy th-cam.com/video/EFYGtMThPis/w-d-xo.htmlsi=6GJljJh4imKVfi03
@@sunnybabacomedyit’s possible but only a few master it.. there’s plenty of strategies that are better out there
what's the name of the music
😮😮
Wow. New traders all I can see on your new charts is thousands of indicators that all these youtubers promote. New traders stay off of youtube for advise. It will absolutely throw off your trading. Learning price action, Market structure, candle stick patterns, looking at a chart fully to do analysis from a higher time frame down to a smaller 1. Getting those basics and practing in demo is whats needed.
I disagree with your views on candle patterns. They're absolutely BS. 'Sometimes' they work on higher time frames, but this video proves that they don't. Look at the beginning of the video? Massive bearish engulfing, followed by a bullish, then a doji and a shooting star? We see a lower low and a lower high. All of this, with candle science, signifies a reversal and yet the market continued moving upwards.
I agree in top down analysis, however what new traders really need to know is that the market SEEKS liquidity. It's going to look for premium/discount arrays and they come in the form of order blocks, fair value gaps, ranging support-resistance zones, supply and demand and previous day high/low. That's it.
My best advice, to new traders is simply this: If you're trading, say, the EURUSD Forex pair (or any for that matter) look to the two biggest markets for that which is London and New York. Find the low/high of the London and enter your trade there. The market is most likely to move to seek higher liquidity. So if you look at the EURUSD pair for 30th April we see the London High was at 11am (GMT) and the market moved all the way down to seek liquidity in a resptected FVG, created a week prior setting the low for the next day at 8am (GMT) before moving right back up the previous daily high of London to sweep liquidity. And of course, it then went back down.
This is all you really need to know. Candle science, really is BS, along with technical analysis and chart patterns, including most indicators as well. BIG MONEY will make candle patterns to trick traders into investing.
My strategy is simple - find the daily high-low and put a trade on there to seek the previous day's low/high.
Bro where to learn this pattern and start applying
If all indicators can give us profit, the world will be full with millionaire and billionaire 😂😂😂
I’m tired of stupid comments like this
How to get this indicator
It doesn't work all lagging indicator
Can i use the indicator for the Replay account?
Time frem ❓
Long Trade Signal Not Showing
i can tell you with 200% gurantee that candle took support at Rsi 60
Tell me how
actually
I don't use indicators
I don't use platforms
I don't use equations.
Just candles and volume.
Well, from looking at the chart, the candle science went completely out of the window. We see a bearish engulfing, which should denote a reversal, as a retrace on a trending market is usually a couple of smaller candles hitting the trend line. Then we see a bullish candle afterwards, followed by a doji then a shooting star, which on the doji should denote a reversal of the previous bullish candle, so we should be going bearish. Then the complete opposite happens.
If this proves anything it proves that candle science is BS, just like chart patterns.
The bottom line, I've come to realise, with trading is that the market seeks liquidity. It's going to head for premium or discount arrays (FVG, order blocks, supply & demand, previous day high or low) and that's it.
Like most of Lux's Indicators look pretty but mostly useless
On replay Order Blocks just keep moving with price they are certainly no indication price with go there and they are also in the wrong place
Oder Blocks should be Just Up or down from the Body of the Candle 2 - 3 pips
That's those Explosive Candles the Long ones
Is the indicator redrawn?😂
😂😂😂😂
I can't download indicators for mt5.
EMA along with the S&R breakout I'm using with my TTP stock prop account.
Which ema?
Who stop loess 😅
If it was this easy everyone would be rich
📌@ Luxalgo More than trading I learnt very precious think from your videos which is "Here are many haters around people who focus their goal but they fade away by our continues efforts and ignorance. 🙌🔥
Thanks for your efforts. Particularly I'm Daily back testing in live market with your Smc indicator.
Only S&R, S&D works
How to identify major days?
Major days you want to look for red news. Red news will have a significant impact on the market. 1st Friday of every month is one of them. Do a search for websites that have real time trading calendars. Also do the same for your mobile phone.
Free as crap
I mean why do this when theres an rsi + volume indicator?
Indicators dont work lol 😂
Yo ni se inglés i que disen estos gueyes
😂🤣😂
Lux algo has the most useless indicators have ever seen. High failure rate
Absolute trash. Just backtested every "P" (perfect) signal going back 25 times and every single one was a loser.
how to get the indicator please
Then why are you on youtube dude .
Unveducative video!
Lol this dont work 😂 never heard of some shhesh like this thats why you gotta red them books 📚 like me years of reading and practicing now im financially secured
Man none your indicators work 😂