Jared, I have learned more from you in the last 3mos since finding this channel than anybody over the last 2 1/2 yrs.. GREAT CHANNEL. I've been studying HARD for 2 1/2 yrs. I will be ready to open my account in May 2020. 3Bar play is GOLDEN.
Someone correct me if i’m wrong (im on Thinkorswim by the way) Step one: 5 minutes before market open, dollar gainers (Gap Up scan in TOD) Step 2: Put my favorite ideas on 1 5 10 and 15 min Step 3: Wait for an igniting bar to break some sort of resistance, (look to the left) Step 4: after a Bullish harami is formed, wait for third candle to break the high of the first candle
Best mentor I found on TH-cam. I use to look up to those so called Gurus and got me absolutely nowhere. I been watching your videos for a month probably more and seen nothing but success now. Currently trading demo but I will be taking on a live account soon and prop firm! Definitely appreciate it 🙏🏾
Been following for while now grate info speaks the truth. I'm a new trader started small account made money an ofcourse lost it now rethinking how I'm trading an it's all wrong an rethinking it. Simplicity is a wonderful thing thanks for the lessons.👍👍👍
thanks. Just remember, this is a VERY challenging business and will take several years to get good at. Take it slow and risk small amounts of money in the beginning. $5-$10 per trade.
@@Live.Traders Very challenging .I have IG markets account and it doesn't let me trade that small though.Its a mini account although it's still about $20-$35 for lowest trade on Forex & commodities.
Jared, two questions about the 3BP, is it still valid the pattern if the 2nd bar's possible wick is beyond the igniting bar although you say their highes should be around the same and how much space you give for the entry above the 2nd/3rd bar, I know depends on the stock if its few cents or dollar but I am thinking for Forex where also is plenty of 3BP and there is it enough 1 pip or 2 above for long?
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” ― Albert Einstein Great videos btw Jared! I strive to "just" make 25-30% a year, knowing the beauty of compound interrest! :D Anything more that that is just a cherry on the top :)
Very informative video. I have a query. How do you manage slippage? As our stop widens with it, shall we widen our targets too if we had initially a plan for a 2:1
Depends on the stock being traded and it's trading history. I normally go back a few hours/weeks/months depending on chart timeframe. As the price action progress, I usually "zoom out" to locate additional levels of S/R. And as you may already know...if a stock is making new all time highs, then there wouldn't be any "pre-existing" resistance lines to draw...only support.
I know the 3BP works for every timeframe. However, what timeframe do you start with? 1 min, 2min 5 mins? I'd think that for some tickers, this pattern will appear for 1 min and for some in 5 mins. It's possible to miss out IMO if we don't stick to a timeframe. Let me know your thoughts
$gainers and $losers...but most scans work fine. You scan for GAPS, then put them on 2' thumbnail charts and WAIT for the 3BP to setup...out of 10 stocks I look at...usually 2-4 give me a 3BP at some point during the day. Cheers!
Using UPS as an example for the Gap up on 31st Jan 19 the Bullish 3 Bar play ... making an entry on the Blast off candle (using your example at $106) how do u know it will be a wide range candle ... dont you wait for that 5 min candle to close for confirmation. If you did then your entry would be nearer $106.94 changing the whole dynamics of your RR. so my question is relating to that 3rd candle... you dont wait for it to close .?
Some traders do get in on the wide bar, but those tend to be a more risky entry (i.e. it could be a pump and dump). So often times it best to let the wide bar break a key area (i.e. support/resistance), pullback (rest), and then enter on next confirmed setup (i.e. 3rd bar)... NOTE: It's not always the third bar though
Hey jared thank you very much for your work i learned a lot so far! My question is: is it possible to trade 3 bar plays in stocks and only risk 5-10 dollars a trade even when the stock price is for example 50 dollars? Here in germany we can open 500 dollar margin account and because i am a newbie i will follow your advice and first only ris small amounts (1% of 500 dollars, 5 dollar per trade) Edit: never mind leverage is the answere i see i need to learn more about money management
Question: back during my formative education, professors often emphasized possible entry points are when stocks trade side ways after a duration of selling or buying and noticed this on many of your 3BP's. What is your take on this? specifically on trading before the first breakout?
It wouldnt be a 3BP if it rested for a long time, it would be a breakout. The 3BP can happen in any timeframe and at any time throughout the day as well. To be honest I prefer gaps with big shock value over a daily consolidation...I like those too...but a professional level I gap is what I'm really after...then drill down to the 2' or 5' chart for an entry. Cheers!
I purchased your course because I am getting lots of value in your free content that I believe you should be compensated for your time. I also think that there should be several new gems in the paid content as well. I "blew up" a 300,000 account that i grew from 40 thousand with no money management, of course. It has been several years and had completely left trading. I think that was a smart move to take a several year break. I found your channel and looking to start trading properly, with money management. Thank you for pushing money management first and the trade techniques second. My question is if the risk taken goes up over a longer time period? I was mentored recently about the gamblers mentality of taking larger and larger risks as you lose money. Can you recommend any good books or programs that address this. I am starting to believe a good trading plan and money management is the key to making it in this business.
So perhaps I missed it but... How much would you recommend a newish trader invest into an account? Also, do you recommend a certain broker/brokerage for low volume/low investment traders? Great videos. Thanks
As much as possible. Ideally more than $25k to get over the PDT rule. BUT, just because your account is big, that doesn't mean you'll be risking a lot of money. No more than $5-$10 per trade as a newbie. Cheers!
@livetraders want you to know I followed all your videos to a T before I started trading , I started with 3000 in my portfolio now its at 8000 in 2 months of only spending 30 mins of my day on the market my love and thanks goes out to you
K-Jahnie Peets thanks for the reply I’ll definitely look into it... So then with Robin Hood and the $3000 amount u started with u were able to get around the PDT rule?
@@lirrflaco yeah i would do 2-3 day trades , 1 day trade per day and on the 4th one id make it similar to a swing trade for i can elapse the 24 hr mark and not get penatalized
Im curious to know what is your average % of profit you get daily. I have been on a paper trade account with IB for the last 3 weeks and without crazy luck so far im right about 2.5 to 3% every single day with only a very few bad trades and 2 days with losses. Id like to know how it compare with you since you are much more experienced. Also im currently only working with companies above 5$ that are on their 52W low that are at least -10%. What do you think of that strategie?
I've never met a losing paper trader. Go to real money. Also, there is NO WAY you should be risking more than $5-$10 per trade when you're new...so if you're making 2-3% per day then you're risking ALOT more than $5-$10 per trade. Money management is the #1 mistake traders make. Experienced traders look for 1-2% per day. Get off simulator, go to real money BUT start SUPER SMALL.
@@Live.Traders Thanks for your answer it was unvaluable information for me as you caught me just before i went all in with a lot of money. Ill take your advice very seriously
I've watched loot of videos starting out over here..none of them help me as much as the videos you create, you are a fantastic educator, hats off for all the time you put in to help other people. I have a lot to learn, so hopefully there will be a lot to earn!
I like the content and the teaching and may sign up at some point but the title is a little misleading. A small account is not 25K+ That being said, I appreciate the no BS approach.
Glad it helps. Can't help it. $25K is the lowest amount you can daytrade with as per SEC/FINRA regualtions unless you go offshore. So $25k is the smallest possible daytrading account as per the law.
love the info. would you recommend using a bracket order when getting into trades or enter with limit order first then stop market order next---but just doing manually intstead of using a bracket....meaning can the market maker target you cause you are front running the trade?
Always use a STOP LIMIT order to enter. Entering with a bracket order can be tricky if it's early in the morning in a fast moving market because you might miss the trade setting the bracket...so i get in first then set the bracket in the morning. Cheers!
The question at minute 10:20 means that in the next few years of trading I'll hopefully finally have the experience and capital to make a living trading thanks to PTS. #Challengeaccepted Key words: Years, Experience, Capital and PTS Professional Trading Strategies (Not Post-Traumatic Stress) ;) Yes, it's my third time watching this one...
Hi Jared. Am currently trialing your method but scanning stock charts quickly is very hard to do on MT5 given that you really only have minutes to do it. If I store more than 100 charts then it slows down the loading on the screen. Is there a better platform than MT5 where charts need to load quickly on the screen for assessment?
I'm not familiar with MT4...but I can say this...Trading is a business...and needs to be treated as such...that means having the proper tools. Car mechanics don't go to the dollar store for tools, they go to snap-on, craftsman etc...I use Trade Station...and rarely have issues. Cheers!
What scanner and exchange do you like? How much a month for both. I have think or swin but I do not like their scanner. Not crazy about their exchange.
I use Trade Station. $gainers and $losers. Data is free if you trade more than 5k shares a month. If you want to go to TS, ask for Henry Ure. TOS is a solid platform though.
I like your straight up, no BS, way of teaching. I'm going to give your chatroom a shot. I have 1 question though, when you say risk 1%, are you say only buy enough shares to equal 1% of your account or are you saying put your stop loss at 1%? Hopefully that came across as understandable. Thanks for the video man and I'll see you in the chatroom.
Hey do you have tips on how to calculate risk in dollar amount quickly because sometimes the 3bp is whippy and you want to catch in 3rd bar but it's all over the place. A lot of times I miss good trades because I'm trying to calculate the$ amount
If you are using a 'consistent' risk level then it should be fairly easy as you're going to 'round it off' to the nearest 5 cents. 28c = 30c. Etc. I do it in my head. You could create an excel based lot size cheat sheet. Etc...Ganbate!
@@Live.Traders thanks. Ya I risk 50 bucks per trade and only 3 trades per day. I wrote on a post-it with how much I can put on based on the percent between the stop and buy stop. Every trade is 50 bucks. Thanks!
How will you know if it's a 3BP on real time when you enter at the 3rd bar, I mean the bar has not form yet to a blast because you are entering at the 3rd bar. You don't know if it's a 3BP unless the 3rd bar is finished and the 4th bar is forming now.
You never know that on ANY trade. That's why you have a stop loss. No one know the future. You can't EVER be a trader with that approach. How do you know the trigger bar on a buy set-up won't immediately turn around and go against you? You don't!! That's why we have stop losses. Cheers!
Hello to you, It is wise and right to wait for 1 to 2 minimum - but in the first few minutes of trading the first half hour it happens that one share barely makes 1 to 1 - is not it worth taking at least 1 to 50 percent of the stock and leaving half the amount with a stop at the price to do the job ? In 1 to 2 chances of success are more difficult and require greater patience.
I think will learn this, expecting To become good over time. Do a lot of learning, doing a lot of paper trade, and doing it live in about 6 months. Knowing full well, will take time. I think this guy is legit, saying things nobody says. Brutally honest.
YES, trading is very challenging and will take 1-3 years to get good at...so be patient, use proper money management and most of all stay disciplined. Cheers! Jared@livetraders.com
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Jared, I have learned more from you in the last 3mos since finding this channel than anybody over the last 2 1/2 yrs.. GREAT CHANNEL. I've been studying HARD for 2 1/2 yrs. I will be ready to open my account in May 2020. 3Bar play is GOLDEN.
Someone correct me if i’m wrong (im on Thinkorswim by the way)
Step one: 5 minutes before market open, dollar gainers (Gap Up scan in TOD)
Step 2: Put my favorite ideas on 1 5 10 and 15 min
Step 3: Wait for an igniting bar to break some sort of resistance, (look to the left)
Step 4: after a Bullish harami is formed, wait for third candle to break the high of the first candle
@@MusicFillsMyLife I have nothing to join lol
Best mentor I found on TH-cam. I use to look up to those so called Gurus and got me absolutely nowhere. I been watching your videos for a month probably more and seen nothing but success now. Currently trading demo but I will be taking on a live account soon and prop firm! Definitely appreciate it 🙏🏾
I can’t find your ebook on the website.
In the wide range igniting bar, when it breaks some sort of resistance, does that resistance include premarket highs??
Your channel is amazing! I really appreciate the work you put into these lectures and I’m grateful to you for sharing your knowledge and experience
Does the first wide bar have to be supported by a volume spike? noticed the chart @ 38:03 that there isn't much volume under the bar on the gap up.
In another video, he said it is preffered but not obligational
Been following for while now grate info speaks the truth. I'm a new trader started small account made money an ofcourse lost it now rethinking how I'm trading an it's all wrong an rethinking it. Simplicity is a wonderful thing thanks for the lessons.👍👍👍
Thanks for watching!
Thank you , as a beginner finally I have found relatable videos to learn from.
thanks. Just remember, this is a VERY challenging business and will take several years to get good at. Take it slow and risk small amounts of money in the beginning. $5-$10 per trade.
@@Live.Traders Very challenging .I have IG markets account and it doesn't let me trade that small though.Its a mini account although it's still about $20-$35 for lowest trade on Forex & commodities.
Man seriously thank you so much for putting things into correct perspective.
I’m at 35:50- (bearish 3 bar). I might be getting ahead of myself, but can you read L2 orders to help predict a 3 bar play?
At 44:34, did that trade require around $100,836 of capital/ buying power?
maybe I didn't go back and watch. The account is leveraged 4:1...so divide by 4. Cheers!
Your camera is amazing! Thanks for the information! I love the chat!!
This info is invaluable and full of gold nuggets of information
thanks appreciate it
Jared, two questions about the 3BP, is it still valid the pattern if the 2nd bar's possible wick is beyond the igniting bar although you say their highes should be around the same and how much space you give for the entry above the 2nd/3rd bar, I know depends on the stock if its few cents or dollar but I am thinking for Forex where also is plenty of 3BP and there is it enough 1 pip or 2 above for long?
Oh another honest and very informative video ! Thank you Jared ! See u in chat
Thanks!
I'm surprised I hadn't subscribed to your channel a while ago, I love the real talk.
Thanks!
Jared - would you say 3 bar play applies to swing trading too?
Can I use the 3 bar play with micro stock?
yes
Does the 3 bar play work only in US markets or any markets worldwide?
All markets...
Love the the tough love, real talk no B.S.
Thanks
@@Live.Traders where is ebook?
Finally someone that teaches how to trade!!
Thanks!
@@Live.Traders do u have the link to buy your advanced book?? Where do I find it? Thankss
@@johnnyTI404 The book is only available with the course...Email: Jared@LiveTraders.Com for more info.
Jared you say it as it is, your content on youtube should really not be free . thanks for sharing all your experience and insights into this business.
@livetraders Why have you posted the same old video ??
Because it's so good and not many people saw it the first time i posted it.
Hello Jared,
how do you know in which timeframe (2 min, 5 min, 15 min...) Three Bar Play will take place? Thanks!
It can take place on any timeframe...
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
― Albert Einstein
Great videos btw Jared! I strive to "just" make 25-30% a year, knowing the beauty of compound interrest! :D Anything more that that is just a cherry on the top :)
thanks!
cant get enough of this content, thank you kindly
Very informative video. I have a query. How do you manage slippage? As our stop widens with it, shall we widen our targets too if we had initially a plan for a 2:1
Great question...and not a 1 sentence answer. Email me... Jared@livetraders.com.
@@Live.Traders Thanks. I v shooted an email.
@@harashishsingh We'll get to it shortly...
@@Live.Traders Thank you so much for reply.
Please suggest pre market scanner for bse and nse
what program are you using to look at the charts and thumbnails to get where I can get the dollar gainers etc. thx for the wisdom
Trade Station
When to enter on 3 bar play or 4 bar play. Bullish and bearish. Thank you very much.
The video is very clear...AS SOON AS bar #3 breaks the high of Bar #1.
Live Traders and do you set a sell price or do you continue monitoring and decide eventually whether or no to sell?
@@josephseason Management is a very personal thing...meaning everyone is different. I tyr to get 2:1 reward to risk and walk away...
Roughly far back do you look on the daily chart to identify support and resistance? Obv it depends on the chart but are we talking months or years?
Depends on the stock being traded and it's trading history. I normally go back a few hours/weeks/months depending on chart timeframe. As the price action progress, I usually "zoom out" to locate additional levels of S/R.
And as you may already know...if a stock is making new all time highs, then there wouldn't be any "pre-existing" resistance lines to draw...only support.
Jerod, what size acct are you trading with in these trades?
I know the 3BP works for every timeframe. However, what timeframe do you start with? 1 min, 2min 5 mins? I'd think that for some tickers, this pattern will appear for 1 min and for some in 5 mins. It's possible to miss out IMO if we don't stick to a timeframe. Let me know your thoughts
If you daytrade , 1 2 5 and 15min charts. For swing trade 60min daily and weekly charts.
How do you scan to find this setup?
$gainers and $losers...but most scans work fine. You scan for GAPS, then put them on 2' thumbnail charts and WAIT for the 3BP to setup...out of 10 stocks I look at...usually 2-4 give me a 3BP at some point during the day. Cheers!
Thank you
Your the best mentor anybody can ask for thank you for all of your videos!
Can you put stop loss on 5 or 20 minute binaries...or forex?
I dont trade FX or binary
ah ok tks
I notice a lot of risk in forex better go to what your teaching
@@LuisDelgado2016 Risk is on the trader not the market they trade. Depends on how many shares/contracts/pips etc...
Using UPS as an example for the Gap up on 31st Jan 19 the Bullish 3 Bar play ... making an entry on the Blast off candle (using your example at $106) how do u know it will be a wide range candle ... dont you wait for that 5 min candle to close for confirmation. If you did then your entry would be nearer $106.94 changing the whole dynamics of your RR. so my question is relating to that 3rd candle... you dont wait for it to close .?
Email me jared@livetraders.com
Why dont we pick wide bar?
We can analysis pre market
Some traders do get in on the wide bar, but those tend to be a more risky entry (i.e. it could be a pump and dump). So often times it best to let the wide bar break a key area (i.e. support/resistance), pullback (rest), and then enter on next confirmed setup (i.e. 3rd bar)... NOTE: It's not always the third bar though
How does this work in a market that has no opening and closing bell (crypto)?
This pattern doesnt have to happen at the market open. In fact it's valid on all timeframes, all day long...Cheers!
WHAT TRADE PLATFORM ARE YOU USING TO GET THIS INFORMATION?
TradeStation
@@Live.Traders Thank you
You're welcome
one of the best educational vids ive seen. realistic advice
Hey jared thank you very much for your work i learned a lot so far! My question is: is it possible to trade 3 bar plays in stocks and only risk 5-10 dollars a trade even when the stock price is for example 50 dollars? Here in germany we can open 500 dollar margin account and because i am a newbie i will follow your advice and first only ris small amounts (1% of 500 dollars, 5 dollar per trade)
Edit: never mind leverage is the answere i see i need to learn more about money management
Yes. You can.
Do you trade the NADEX? If so, how do you set up the stop loss and profit stop at the set up of the trade?
I do not trade NADEX
Question: back during my formative education, professors often emphasized possible entry points are when stocks trade side ways after a duration of selling or buying and noticed this on many of your 3BP's.
What is your take on this? specifically on trading before the first breakout?
It wouldnt be a 3BP if it rested for a long time, it would be a breakout. The 3BP can happen in any timeframe and at any time throughout the day as well. To be honest I prefer gaps with big shock value over a daily consolidation...I like those too...but a professional level I gap is what I'm really after...then drill down to the 2' or 5' chart for an entry. Cheers!
What does your subscription consist of?
Like what do I get?
Do you have courses, do i get to see live trades?
Chat room? Yes I trade live everyday, account open, P-L open, all entries/exits on the screen. Courses are separate...
I purchased your course because I am getting lots of value in your free content that I believe you should be compensated for your time. I also think that there should be several new gems in the paid content as well. I "blew up" a 300,000 account that i grew from 40 thousand with no money management, of course. It has been several years and had completely left trading. I think that was a smart move to take a several year break. I found your channel and looking to start trading properly, with money management. Thank you for pushing money management first and the trade techniques second.
My question is if the risk taken goes up over a longer time period? I was mentored recently about the gamblers mentality of taking larger and larger risks as you lose money. Can you recommend any good books or programs that address this. I am starting to believe a good trading plan and money management is the key to making it in this business.
Does it mean that all the gems are basically in the youtube videos?
19:48 Are these video classed as education?
Does anyone have a template for a trading plan that I could use?
Yes i have a book called Trading Plan Essentials. Email info@livetraders.com to get it.
Guess the e-book isn't available anymore?
Is that "shots fired" at Warrior trading? 51:56
So perhaps I missed it but...
How much would you recommend a newish trader invest into an account?
Also, do you recommend a certain broker/brokerage for low volume/low investment traders?
Great videos.
Thanks
As much as possible. Ideally more than $25k to get over the PDT rule. BUT, just because your account is big, that doesn't mean you'll be risking a lot of money. No more than $5-$10 per trade as a newbie. Cheers!
@livetraders want you to know I followed all your videos to a T before I started trading , I started with 3000 in my portfolio now its at 8000 in 2 months of only spending 30 mins of my day on the market my love and thanks goes out to you
That's fantastic...Just make sure you use proper money management...never risking more than 1% of your cash account per trade! Otherwise...well done!
Hey K-Jahnie Peets, I have around the same amount to start with what platform are you using if you don't mind me asking?
@@lirrflaco started with Robin hood then transferred to TD for more accurate data I'm now at 12k in my portfolio
K-Jahnie Peets thanks for the reply I’ll definitely look into it... So then with Robin Hood and the $3000 amount u started with u were able to get around the PDT rule?
@@lirrflaco yeah i would do 2-3 day trades , 1 day trade per day and on the 4th one id make it similar to a swing trade for i can elapse the 24 hr mark and not get penatalized
As always, easy to understand stuff. Thanks!
I'm glad, 👍
Im curious to know what is your average % of profit you get daily. I have been on a paper trade account with IB for the last 3 weeks and without crazy luck so far im right about 2.5 to 3% every single day with only a very few bad trades and 2 days with losses. Id like to know how it compare with you since you are much more experienced. Also im currently only working with companies above 5$ that are on their 52W low that are at least -10%. What do you think of that strategie?
I've never met a losing paper trader. Go to real money. Also, there is NO WAY you should be risking more than $5-$10 per trade when you're new...so if you're making 2-3% per day then you're risking ALOT more than $5-$10 per trade. Money management is the #1 mistake traders make. Experienced traders look for 1-2% per day. Get off simulator, go to real money BUT start SUPER SMALL.
@@Live.Traders Thanks for your answer it was unvaluable information for me as you caught me just before i went all in with a lot of money. Ill take your advice very seriously
I've watched loot of videos starting out over here..none of them help me as much as the videos you create, you are a fantastic educator, hats off for all the time you put in to help other people.
I have a lot to learn, so hopefully there will be a lot to earn!
Can i know what is the broker name that allows 2k account for day trading?
can the 3BP can be intreday or it has to be the first candle?
How do I get my hands on the Trading Essentials book on your desk? By chance is that a course only book? Love your content!
Email info@livetraders.com
I totally agree with you on this. Thank you so much.
Good video. My question is how you scan these 3 bar play stocks & I think there may be so many of them when market opens so how you filter them?
There's a video he made a few weeks back about finding them.
Watch Jared's video on scanner about pre market dollar gainers with high volume
There is a video on that on the channel.
@@Live.Traders I searched but not able to find. Please paste its link here. Thank you.
Hi Jared, what demo/virtual/paper account do you recommend before playing with REAL $$$? Thanks :)
YES YES. Learn your platform first...usually 1-2 months. Then go real money but SMALL risk $10 per trade.
@@Live.Traders But which platform do you recommend?
Hopefully you stayed in Roku swing, lol, it's now at 90+ dollars! Great video, some great advice. Thanks!
Thanks
I like the content and the teaching and may sign up at some point but the title is a little misleading. A small account is not 25K+
That being said, I appreciate the no BS approach.
Glad it helps. Can't help it. $25K is the lowest amount you can daytrade with as per SEC/FINRA regualtions unless you go offshore. So $25k is the smallest possible daytrading account as per the law.
what time frame do you use for each trade?
They are valid in ALL timeframes...I usually use 1' 2' 5' and 15' though. Cheers!
love the info. would you recommend using a bracket order when getting into trades or enter with limit order first then stop market order next---but just doing manually intstead of using a bracket....meaning can the market maker target you cause you are front running the trade?
Always use a STOP LIMIT order to enter. Entering with a bracket order can be tricky if it's early in the morning in a fast moving market because you might miss the trade setting the bracket...so i get in first then set the bracket in the morning. Cheers!
@@Live.Traders thx. Cheers to you as well.
How can we design for scanner sir
The question at minute 10:20 means that in the next few years of trading I'll hopefully finally have the experience and capital to make a living trading thanks to PTS. #Challengeaccepted Key words: Years, Experience, Capital and PTS Professional Trading Strategies (Not Post-Traumatic Stress) ;) Yes, it's my third time watching this one...
If you want it, you'll make it happen! Cheers!
dear sir how to find live screen share screen
$1 for a 30 day trial in the Chat Room...email: info@livetraders.com
Hi Jared do you provide any daily signals in your subscription? Do you have copy trade available?
I trade live everyday in the chatroom with the members, email info@livetraders.com to check it out
Link to buy the book on your desk
Hi Jared. Am currently trialing your method but scanning stock charts quickly is very hard to do on MT5 given that you really only have minutes to do it. If I store more than 100 charts then it slows down the loading on the screen. Is there a better platform than MT5 where charts need to load quickly on the screen for assessment?
I'm not familiar with MT4...but I can say this...Trading is a business...and needs to be treated as such...that means having the proper tools. Car mechanics don't go to the dollar store for tools, they go to snap-on, craftsman etc...I use Trade Station...and rarely have issues. Cheers!
Ok thanks will check it out.
What scanner and exchange do you like? How much a month for both. I have think or swin but I do not like their scanner. Not crazy about their exchange.
I use Trade Station. $gainers and $losers. Data is free if you trade more than 5k shares a month. If you want to go to TS, ask for Henry Ure. TOS is a solid platform though.
@@Live.Traders Thanks, I do not think their scanner is as good as the one you use?
@@johnpotts1960 There are many options in terms of scanners out there. Trade Ideas, TC2000, Finviz etc...Cheers!
I like your straight up, no BS, way of teaching. I'm going to give your chatroom a shot. I have 1 question though, when you say risk 1%, are you say only buy enough shares to equal 1% of your account or are you saying put your stop loss at 1%? Hopefully that came across as understandable. Thanks for the video man and I'll see you in the chatroom.
Email me jared@livetraders.com
Are you referring to risking $10 per stop/gain or buying stocks with $10
what platform do you use to trade with ?
Trade Station
What book is that? 🤔
Professional Trading Strategies (PTS). Only comes with the course...email: Jared@LiveTraders.Com for more info on it.
You use Mac?
No PC
Loving the informative videos. Just wondering what platform do you use for stock trading?
Trade Station
Thank you! This is a great video!
I'm brand new, how I do keep track?
Join the chat room. Email info@livetraders.com and get a $1, 30 day trial.
Hey do you have tips on how to calculate risk in dollar amount quickly because sometimes the 3bp is whippy and you want to catch in 3rd bar but it's all over the place. A lot of times I miss good trades because I'm trying to calculate the$ amount
If you are using a 'consistent' risk level then it should be fairly easy as you're going to 'round it off' to the nearest 5 cents. 28c = 30c. Etc. I do it in my head. You could create an excel based lot size cheat sheet. Etc...Ganbate!
@@Live.Traders thanks. Ya I risk 50 bucks per trade and only 3 trades per day. I wrote on a post-it with how much I can put on based on the percent between the stop and buy stop. Every trade is 50 bucks. Thanks!
How will you know if it's a 3BP on real time when you enter at the 3rd bar, I mean the bar has not form yet to a blast because you are entering at the 3rd bar. You don't know if it's a 3BP unless the 3rd bar is finished and the 4th bar is forming now.
You never know that on ANY trade. That's why you have a stop loss. No one know the future. You can't EVER be a trader with that approach. How do you know the trigger bar on a buy set-up won't immediately turn around and go against you? You don't!! That's why we have stop losses. Cheers!
@@Live.Traders Thanks Jared for the clarification. I thought before that you need to see the 3BP and buy at the 4th bar.
@@edpat7776 if its a 3bp then you buy on the 3rd bar...if it's a 4BP then you buy on the 4th bar.
Ed Pat good stuff. I had the same question.
One of the best channel ❤
"I don't really know, and I don't really care. I trade the charts." Ahmen! Great content.
thanks!
Can this be used in forex?
Hi Jared, why automated trading (discipline, pre stop lost/gain, pattern recognition with volume and no emotion and more ) doesn't work? Thank you.
Nothing better than the human eye
Agree, we should use it not to make money but to protect our money. Combination of human and machine. Thank you for everything you do for us.
@@roberto-iq8wv You're welcome 👍
Does this work on forex exchange sir jared?
yes but it doesnt happen very often
Much appreciated, these vids you post 👍🏻
thanks appreciate it!
Love the vid. Only question I have, how important are the wicks on this pattern?
Very Important...Treat them the same as the body of the bar...
19:25 is when it gets really good lol. Love your videos Jared.
Thanks
Hello to you,
It is wise and right to wait for 1 to 2 minimum - but in the first few minutes of trading the first half hour it happens that one share barely makes 1 to 1 - is not it worth taking at least 1 to 50 percent of the stock and leaving half the amount with a stop at the price to do the job ? In 1 to 2 chances of success are more difficult and require greater patience.
Email me jared@livetraders.com
Great video, thank you! My weakness has been stop losses. When you talk about tracking trades, what information do you include in your tracking system
There's a lot of info i track...email me...jared@livetraders.com...it's easier that way.
Damn right. Love how you teach!
Your videos are really help me sir. can you please explain about 2nd bar and 1 st bar wicks. And how long wicks has to be there.
Email me jared@livetraders.com
I think will learn this, expecting
To become good over time.
Do a lot of learning, doing a lot of paper trade, and doing it live in about 6 months.
Knowing full well, will take time.
I think this guy is legit, saying things nobody says.
Brutally honest.
YES, trading is very challenging and will take 1-3 years to get good at...so be patient, use proper money management and most of all stay disciplined. Cheers! Jared@livetraders.com
pls are your training base on forex or stock...........?
Both.
Can you zoom the charts that i can see that candles sir?
If its ok
I'll try next time
"All you married men are wrong 100% of the time"
LMFAO😂
As long as our women are thinking that...we're winning ;-) Kidding...
Why not get in on the first bar that’s breaking resistance/support? Wouldn’t that be simpler and earlier entry...