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I am already in a year of self studying forex trading. This lesson is really a big help. It’s my first time viewing clear explanation on using moving ave. Thanks a lot for the upload. You are a blessing to us who self study. Thank you. Thank you. Thank you.
I'm truly humbled by your kind words! It's rewarding to know that our content is assisting dedicated learners like you. Keep up the self-study, and always feel free to reach out if you have questions. Remember, every great trader was once a beginner. Thank you for being a part of our community!
I tried to use this yesterday for the very first time and i won the trade then this morning i used it again and boom! same result i won the trade again! Thank you for this very valuable knowledge.
Fabulous! That's fantastic to hear! Remember, while it's great to have initial success, always remain disciplined and continue to study and practice. Thank you so much for sharing. Keep up the great work and happy trading!
I am a day trader....That was exactly what I was looking for....an Entry, Add, and Exit strategy that makes sense. I have been trading for a few years and have tried a lot of different things to put it all together...wow, this strategy is awesome...new traders don't get intimidated on the Exit rules it's easier than it looks at first. I have been using with marking the high/low of the 1st bar on the 3 min. Can play off of those with the 30sma. All the best traders short term use "price action"...that is what is so sweet about this system...you are too. Thanks again for taking the time to make available.
Thank you for your wonderful and inspiring comment. I do hope this strategy makes you a lot of money. I look forward to hearing from you again sharing your results. Thank you for your kind feedback!
The use of 30-Simple MA reminds me of similar strategy by Stan Weinstein in his classic book "Secrets for Profiting in Bull or Bear Markets" that uses 30-Weighted MA. What I appreciated most from your video is the "EXIT STRATEGY". Thank you for sharing this simple yet effective strategy!
I'm glad you noticed the similarity! Stan Weinstein's work is indeed a classic in the trading world. It's essential to have both entry and exit strategies in place for consistent trading success. I'm thrilled you found value in our exit strategy. Thanks for watching and sharing your insights!
@@investisseur101 Congratulations on finding a strategy that works consistently for you! It's great to hear about your success with the SMA 30 and MACD combination. Stick with what works for you and keep up the good work! In trading we only need one thing that produces money. You found yours! Congrats!
Hello there. I'm just wondering, why on the video you are using WMA instead of SMA? So basically you are talking about SMA but as an example in the video you are using WMA. e@@TechnicalAnalysisInstitute
There is true genius is simplicity and this approach has it. A very nice strategy for getting in, staying in and adding to the trade. Many thanks for sharing.
Thank you so much for your kind words! I wholeheartedly believe in keeping things simple yet effective in trading. I'm thrilled to hear that you found value in this approach. Best wishes in your trading journey!
Thanks for this excellent content. In this video only buy setup is explained. Is this strategy applicable only for LONG Trades ? Ideally the opposite conditions are applicable for SHORT Trades. Kinldy conifrm my understanding.
Hello sir....just happened to see your video & realised how lucky to get to see such simple but valuable content from you. My sincere thanks to you ! I will surely apply this knowledge in my future trading journey.
So nice of you to say. I'm extremely pleased to know our content has been helpful to you. I hope your trading moves at least to the next level and you're able to generate plenty of profits. Many thanks!
12:03 The latter is that the close is ABOVE the last lows. So in this case... Former - exit Latter - stay long A diagram at the same time would've helped, though you did it later. But it is a good tip. 👍
Thank you for your feedback. For some traders who are not adept in recognizing the trend, it may be a lot more than a good tip though; it can be a complete trading methodology. Personally, I prefer to recognize the trend first and apply this strategy thereafter.
0:00:00 INTRO 0:00:30 WHAT IS A MOVING AVERAGE (MA)? 0:01:15 DIFFERENT MA CALCULATIONS. WHY & HOW... 0:03:45 HOW TO USE 0:04:55 IDENTIFYING THE TREND 0:08:00 THE THREE C's... CONFIDENCE, CALMNESS, CERTAINTY... (ADD ON TRADES HOFFMAN RETRACE BAR) 0:08:35 USING THESE PRINCIPLES TO TRADE SHORTER TERM 0:09:55 ADVERTISMENT 0:10:35 TRADING RULES OF ENGAGEMENT... SHORT TERM MA's 0:12:20 EXAMPLE 0:16:50 SCALPING THE M3 CHART 0:18:30 APPLY!!! BACKTEST!!!!
There is a contradiction there. One instruction is to check after two closes are made below the moving average, whether ANY of the two closes are below any of the two previous relative lows and another instruction says, to only compare the SECOND close below the SMA to any of the two previous relative lows. Please clarify. Thank you.
You're very welcome! I'm thrilled to hear that the strategy has been so effective for you, transforming your losses into profits. Remember, consistency and continual learning are key in trading. Please make sure to watch the second video we posted on Moving Averages. It may help you further: Here's the link: th-cam.com/video/LM8wYq5noy4/w-d-xo.html Your success and feedback are what motivate us to keep providing valuable content. Happy trading! 📈
Thank you so much for your kind and encouraging words! It's truly gratifying to hear that our channel has stood out to you in your exploration of this field. As a professor, my aim is always to present information in a clear, concise, and methodical manner, and I'm delighted to know that this approach resonates with you. Your feedback is greatly appreciated and motivates us to continue delivering high-quality content. If there are any specific topics or areas you're interested in learning more about, please feel free to let us know. We're here to support your learning journey! Thank you once again for your support and for choosing our channel as a resource.
Fantastic channel and amazing delivery of the concept… I’m glad I stumbled upon your channel. You should have way more visibility. Your videos are treasure! Thanks for passing along this expertise!
Thank you so much for your kind words and encouragement!Your support helps increase our visibility and reach more people. Thanks again for being part of our growing community
Sir, it is a really good and simple technique to enter the trade. moreover, your teaching style is very humble and polite. I am impressed and subscribed to your channel because you are really a genius.
Thank you so much for your kind words! I'm genuinely pleased to hear that you find value in the techniques shared and appreciate my teaching style. Your support means a lot, and I'm honored to have you as a subscriber. Let's continue this journey of learning and trading together. All the best in your trading endeavors!
That's wonderful, but you should always test it in demo first so you can determine the best time frame, best period, best time and conditions and even best asset to apply it to. Good luck!
Wonderful explanation about M0ving Average in the video in a simple & understanding way. 1) Can i use EMA instead of SMA??? 2) Is MA works on any segment/Market like Equities, Commodities, Options in Indian Market??? 3) is Time Frame will be depends on our Trading like Intraday/Swing Trading...etc??? Your response will be Highly appreciated sir. Thank you.
Thank you for your kind words and feedback. Here are the answers to your questions: 1) Yes, you can use a 30-period Exponential Moving Average (EMA) in place of a Simple Moving Average (SMA) for your trading strategy. The choice between an EMA and an SMA depends on your trading style and objectives. The EMA gives more weight to recent prices, which makes it more responsive to new information compared to the SMA. This can be beneficial in a fast-moving market where recent price action is more relevant. However, it can also make the EMA more prone to generating false signals in a volatile market. On the other hand, the SMA assigns equal weight to all values, which can make it more stable and less prone to fluctuations in a volatile market. However, this can also mean it reacts slower to recent price changes. If you switch to a 30 EMA, you might notice quicker responses to price changes, which can be advantageous if you're looking for early signals. However, it's important to be aware of the potential for increased noise and false signals. As with any trading strategy, it's recommended to backtest and practice with a demo account before applying new methods to live trades. 2) Absolutely! 3) Certainly! In the video I gave example with different time frames to show it is possible to use for any type of trading style. However, I never recommend day trading. While the strategy will theoretically work, the psychological aspects involved will likely interfere. Happy trading!
@@TechnicalAnalysisInstitute Thank you for your immediate response sir. It would be have been more helpful for us Instead of "Bars" if you have used "Candles" in the Tradingview platform in the video. But given lot of clarity about MA. Thank you.
@@manjunathakar4943 That is not completely correct! This video should help you understand why sometimes it is better to use bars for specific strategies and why sometimes it is better to use candles. I suggest you watch it attentively. Also, in the next few weeks I'll be posting a full training on one of the most sophisticated tools of technical analysis. For that you need to use Bars, so it will be best you learn the correct use of them. th-cam.com/video/s9tQsF5CqSs/w-d-xo.html&ab_channel=TechnicalAnalysisInstitute
@@TechnicalAnalysisInstitute Understand sir. Because in India most of us are using candles for the analysis. But thank you for sharing knowledge sir. Waiting for more useful Knowledge & Analysis from your side. Thank you so much for your time sir.
@@manjunathakar4943 We do too! But that's only one type of analysis. Very useful, no doubt. But a good analyst should be able to use several types of charts at different situations. For instance, if you want to do Ellliott Wave analysis, you should only use Bars. If you want to add positions to established trends you may want to use P&F charts, and if you only need to know the tendency, you will better off using line charts. Those are just examples, but there are many reasons why we should be able to switch from one to the other. Happy trading!
Thank you for sharing your valuable knowledge and explaining so well! I have used a similar strategy with 8 and 21EMA, combined with Price and Volume analysis. Very similar but I love the simplicity of the 30 WMA and have added it to my charts. Much appreciated and you have a new subscriber here.
Absolutely delighted to hear that you've found value in our content! It's always great to know that fellow traders can adapt and integrate new techniques into their existing strategies. Welcome to our community, and I'm looking forward to sharing more insights with you. Happy trading!
Hello sir thanks for the simple strategy one point on your charts you are using WMA and you are asking to use SMA co which one is the right combination either SMA or WMA. Thanks in advance for this wonderful work and video.
Thank you for your kind words... To clarify, the strategy I intended to discuss uses either the Simple Moving Average (SMA) or the Weighted Moving Average. SMA is a widely used indicator that provides a clear view of the trend by averaging the price data over a specific period. It's straightforward and effective for many trading strategies. However, the WMA can also be a valuable tool as it assigns more weight to recent data, making it more sensitive to price changes. Depending on your trading style and goals, you might find one more suitable than the other. I strongly suggest you test both before committing any real funds to the strategy. Good Luck!
I've been trading for a few years using something similar, but have had issues with stop-outs when the market ranges and whip-saws. What you are explaining here seems to overcome that to a large degree. I love the simplicity! I'll be backtesting and see how it goes. I'm assuming the stop goes below the lowest low of trend movement.
Absolutely! First off, I'm thrilled to hear you appreciate the simplicity of this strategy. Addressing your point, you've nailed it: In this strategy, the stop is indeed set below the lowest low of the two relative lows. This method helps to buffer against the noise of the market, especially during periods of consolidation or when the market exhibits whipsaw behaviors. By setting the stop based on the relative lows, we're allowing the trend to breathe and potentially ride out those temporary market retractions without getting prematurely stopped out. However, it's crucial to continually trail the stop based on subsequent relative lows as the trend progresses. This not only locks in profits but also ensures you're dynamically adapting to the market's evolving structure. I encourage you to backtest this method thoroughly. Incorporating this approach to stops might reduce premature exits and provide more room for the trend to unfold. Remember, no strategy is foolproof, but the aim is to provide a solid edge over a series of trades. Good luck, and I'm eager to hear how your backtesting goes!
Thank you for this wonderful strategy. I guess keeping it simple is always great. I would love you to make a video on how to do manual backtest of this strategy on MT5. Nice work as always.❤
I'm glad to hear that you appreciated the strategy and found value in keeping things simple. Your suggestion for a video tutorial on how to manually backtest this strategy on MT5 is a great idea. I'll definitely consider creating content around that topic to provide more in-depth guidance. Thank you for your continuous support and for the kind words! Stay tuned for more updates. ❤️
There is a contradiction there. One instruction is to check after two closes are made below the moving average, whether ANY of the two closes are below any of the two previous relative lows and another instruction says, to only compare the SECOND close below the SMA to any of the two previous relative lows. Please clarify.
very good strategy i am impressed by your teaching method. what i understanding from this lesson first check the trend of the market price and then take the position and check for 2 close position and if those 2 close position above the relative low then don't need to exit just continue your trade. Sir can you make the same strategy video for sell position also. we will be waiting for sell position for sma30 strategy.
Thank you for your kind words and for engaging with the content! I'm thrilled to hear that you find the strategy and teaching method effective. You've got the essence of the strategy quite right. Your request for a video focusing on the sell position using the same SMA30 strategy is an excellent idea. It's important to have a symmetrical approach to both buying and selling in trading, as markets move in both directions. Creating a companion video that explores the strategy from a sell position perspective is definitely on my radar now, thanks to your suggestion. Stay tuned to the channel, as I'll be working on this new video to cover the sell side of the SMA30 strategy, ensuring you have a comprehensive toolkit for both bullish and bearish markets. Your patience and anticipation for this content are greatly appreciated, and I'm excited to share it with you and all our viewers soon. Keep watching, learning, and trading smart! Thank you for the suggestion!
Hi professor Aldo i been using MA for such a long time but not satisfied with the results now I’ve come across your valuable video about using MA in a correct way so thanks a lot for the informative video and let me tell you sir that the calmness’s of your voice shows the simplicity of the strategy itself using the MA thanks sir i have just one simple question that trade in forex markets and i trade only in 2 pairs GOLD and. US OIL and i am a scalper too i like your 3 min scalping strategy you explained in this video and i trade in 3 min and 5 min so just want to know dose this strategy work in forex markets specially in GOLD / US OIL thanks for your valuable time and plz reply ASAP i am waiting eagerly sir 🙏
Thanks sir for the ❤️ sir but can you plz reply that dose this strategy work in forex GOLD as well as in US OIL pair in 3 min and in 5 min time frames for scalpingggg
I'm glad to hear that you found the video about using the 30-period simple moving average (30SMA) strategy helpful and that the presentation style resonated with you. Regarding your question about applying this strategy to scalping in the forex market, particularly with GOLD and US OIL, I'd like to offer some important considerations: Scalping Odds: It's crucial to understand that the odds for scalpers are generally lower. Research indicates that only a small percentage of scalpers consistently make money, and often the earnings are modest, akin to a minimum wage. Scalping, especially in volatile markets like GOLD and US OIL, involves significant risks. You may want to go more into momentum strategies. Strategy Flexibility: The 30SMA strategy isn't limited to a specific timeframe like 3 or 5 minutes. In the video, I demonstrated its versatility across various timeframes. However, it's imperative to have a strong grasp of market context to tilt the odds in your favor. Each market and timeframe might require adjustments to the strategy for optimal performance. Market Context: Understanding the broader market context is key. This involves being aware of economic events, market sentiment, and other factors that can influence price movements in the forex market. ideally you need to use a dual time frame strategy to confirm the larger trend direction. Further Learning: I recommend watching a couple more of my videos for a deeper understanding of moving averages in trading. th-cam.com/video/rnhPdR0r_PM/w-d-xo.html th-cam.com/video/LM8wYq5noy4/w-d-xo.html The first is a live stream where I delve into various aspects of moving averages: Live Stream on Moving Averages. The second video explores the use of dual averages. These will provide you with additional insights and strategies. Remember, while strategies like the 30SMA can be powerful tools, they are most effective when used with a comprehensive understanding of the market and solid risk management practices. Scalping requires quick decision-making and can be quite challenging, so it's essential to approach it with caution and continuous learning. Feel free to reach out if you have more questions or need further clarification. Happy trading!
Hello sir. Simple yet amazing. But may I request you to create the same strategy using the traditional Japanese candlesticks rather than the bars? That would be even more helpful io understand the concept of the relative lows. Thanks a ton sir.
Thank you for your kind words and feedback! I'm glad you found the strategy useful. I understand that many traders prefer the visual representation of Japanese candlesticks over traditional bar charts. They can indeed offer a clearer picture of the market's sentiment in certain contexts. I'll certainly consider creating a version using Japanese candlesticks to further elucidate the concept of relative lows. Your feedback helps in refining our content, and I genuinely appreciate it. In the meantime, you can apply the same principles discussed in the video to candlestick charts. Just focus on the wicks (shadows) of the candles for highs and lows, and the concept remains largely unchanged. Thanks again for your suggestion, and happy trading!
Very good content sir. I have used the same approach for years however I use the 34 weighted instead. The two candle comparative analysis to the left was an interesting concept I will back test. I use more advance method to stay in trades but this is a great addition. Thank you for your time to put this together.
Thank you so much for your feedback! It's great to hear from someone who has been using a similar approach. The 34 weighted moving average is certainly another effective tool, and I'm glad to see that experienced traders like you are open to exploring new methods and concepts. The two-candle comparative analysis is something that has worked well for many, and I'm keen to hear how your backtesting goes. Always exciting to add another tool or perspective to our trading arsenal! I appreciate your acknowledgment of the effort put into creating this content. It's always fulfilling to know that it adds value to the community. Please keep sharing your insights and experiences; it enriches the learning for everyone. Warm regards, Aldo
I'm thrilled to hear that you found the video so insightful! It's always rewarding to know that the content is making a significant impact. Keep applying these strategies, and I'm confident you'll see even more progress. Remember, every step forward is a step towards greater trading mastery. Keep learning and growing! And don't forget to check the second video on Moving Averages. It should be helpful as well... Best of Luck!
Good content, but I hv. One query... Video time 15.28 hourly chart The reference u hv given sir,..Before that also some 10 15 candles price crossed and closed ab 30 sma...And it came down and hit SL... Would like to hear yr advice on that. And sir, one request plz make one video using Nifty 50 index chart with yr strategy. Regards
Hello and thank you for your insightful comment. You've pointed out a very valid observation. Remember, while the strategy I shared is robust and can provide a significant edge, no strategy is 100% foolproof. There will be instances, like the one you've highlighted, where the trade may not go in our favor and that's a part of trading; that's why we use protective stops. The key is to maintain a consistent approach and risk management. It's essential to understand that while this strategy can greatly increase your chances of success, it's not immune to losses. In trading, it's not about winning every single trade, but about having a profitable overall strategy in the long run. I appreciate your feedback and will definitely consider creating a video focused on the Nifty 50 index. But one point of clarification is that while I'd love to take credit for it, this is NOT my strategy; it's a proven strategy used by many professional technicians and traders. Stay tuned and happy trading!
Thanks for sharing! I am also in the learning phase of the NFC community. Every day is a new opportunity to learn more about trading and experience this exciting journey.
Absolutely! The journey of learning, especially in the trading world, is ongoing and filled with new discoveries. It's wonderful to have fellow learners like you in the community, sharing experiences and growing together. Let's keep the momentum going and make the most of every opportunity. Here's to many more enlightening days ahead! 📈🌟
Hi there! I'm glad you found the video useful. Yes, the principles of moving averages can be applied across various assets, including cryptocurrencies. However, it's important to remember that each asset class may have its own volatility and unique characteristics. Always backtest and adjust the settings accordingly for the specific asset you're trading. Happy trading! 👍
Thank you for your kind words! Currently, we don't have a dedicated video on Range Bars. However, it's a great topic and I appreciate the suggestion. We'll consider creating content on it in the future. Stay tuned and make sure to subscribe to get notified of our latest content!
Absolutely! I believe in the video I give examples using short term charts like 3 minutes. However, it works best in larger time frames - you get less frequent false signals. using it in short term charts require the psychological prowess and control of a Zen Master.
That's fantastic to hear! Confidence is a key component in trading, and I'm thrilled that you've found a strategy that resonates with you and boosts your confidence. I always tell my students we need to trade with 3 Cs: Confidence, Calmness and Certainty. If you have any questions or need further guidance, feel free to reach out. Keep up the great work and may your trading journey be filled with success!
You're very welcome! Thank YOU for your question and feedback. The strategy works exactly the same when selling. Simply inverse the instructions. Happy trading!!!
Thank you for your comment! Regarding the exit point, I've actually covered it in the video. It's identified as the point where prices close below the MA and the second close is lower than the 2 relative lows. I recommend watching that section again for clarity. And thanks for the suggestion on the next video topic, it's always great to hear what viewers are interested in!
It's great to hear that our videos are providing valuable insights for you! Regarding taking profits using the strategy explained, the key is to observe the position of the second candle that closes below the Moving Average (MA) in an uptrend. Your cue to take profit would be if this second closing price falls below the two previous relative low points. This indicates a potential shift in momentum and can be a prudent point to lock in gains before the trend possibly reverses. Keep refining your strategy with practice, and don't hesitate to reach out with more questions as you continue your trading journey. Happy trading!
@TechnicalAnalysisInstitute I highly appreciate your reply and explanation in detail. Your teaching method and knowledge are matchless. Im feeling lucky to be in your followers. Stay blessed Sir.
@@sA-dn3qy Your words mean a lot, and I'm incredibly grateful for your appreciation. It's followers like you that make this journey so rewarding. I'm here to support your trading journey, so don't hesitate to reach out if you have any questions. Stay tuned for more insights, and together, let's continue this path to trading success. Stay blessed too!
very good content, quick question for the sell order rule, it will be the opposite of the buy order rule, just to make sure cause in the video you never mentioned that.
So when the low has gone below the 2 previous relative lows........the you enter a short trade i.e. close the long n go reverse. That will be pretty late into the game. If not then, what are the entry rules for the trade #2 i.e. reverse trade.
Thank you for your kind words and your question! To apply a 30-day Simple Moving Average (SMA) indicator, you would set the period or length setting of the SMA to 30. This means the indicator will calculate the average closing price of the last 30 days and plot it on your chart. Here’s a step-by-step guide on how to set this up, typically using a trading platform or charting software: Locate the indicator section on your trading platform. Choose the Simple Moving Average (SMA) from the list of available indicators. When prompted for the settings or to edit the indicator, set the 'Period' (sometimes labeled 'Length') to 30. Apply the indicator, and it will automatically calculate and display the 30-day SMA on your chart. The 30-day SMA will give you a smoothed representation of the price action over the past month, helping to filter out the 'noise' of day-to-day price fluctuations and show you the underlying trend. Remember, the SMA is typically based on the closing prices, but some platforms allow you to base it on the open, high, or low prices as well. Make sure it is set to 'close' if you're following the method I suggested in the video.
Thank you for your quick reply. but sorry I can't find simple moving average on trading view platform I can see their moving average simple but there is length and smoothing length, so I am confused there. If you can, please clarify. Thank you.
@@s.ribadiya Of course! In trading view, under indicators, chose Moving Average Simple. Then adjust the length to 30. That's all you have to do! Hope that helps you.
Hello! I appreciate your interest and feedback. Taking short or "sell" trades using the strategy would essentially be the inverse of the buy setup. I understand there are more questions and complexities to address. I'll definitely consider creating a follow-up video to dive deeper into the sell-side and answer additional queries. Additionally, we might also cover this in one of our upcoming live streams, so be sure to stay tuned. Thanks for your support!
You're very welcome! I'm delighted to know that you found the lesson informative. It's great to hear that you're ready to put what you've learned into practice. Remember, the real learning begins when you apply the concepts to live markets. Take your time, be patient with yourself, and don't hesitate to review the material as needed. If you have any questions or if there's anything you're unsure about as you try out the strategy, please feel free to reach out. Good luck, and may your trading journey be as rewarding as it is educational. Thank you!
Absolutely! All you need to do is to invert the concept! You'd typically look for the price to close below the pointing down moving average as a potential signal to consider a short position. Always make sure to use proper risk management and test the strategy in your simulator! Happy Trading!
Thank you for your comment! The single moving average strategy can be applied to different markets, including options for intraday trading. However, it's essential to backtest any strategy on the specific market and timeframe you intend to use it on. Options have unique characteristics and factors like time decay that need to be considered. Always test and practice in a demo environment before applying any strategy in a live trading scenario. Happy trading! 👍
As a refinement may I suggest using this technique with a 200 sma added. Then take buy trades only when price is above the 200sma and visa versa for sells.
Certainly! Your suggestion to integrate the 200 SMA as a filter for the overall trend direction is a time-tested approach well known in the industry and use by many traders. By buying only when the price is above the 200 SMA and selling when below, you're essentially aligning with the prevailing trend, which can often increase the probability of successful trades. Thanks for sharing your refinement. Always great to have insightful contributions from our community! Please share your future results. It'll be enlightening to the community.
Thank you for the kind words! I always strive to make complex concepts as simple and understandable as possible. If you have any questions or need further clarification on any topic, don't hesitate to ask. Happy trading!
Wow, that video presentation on the single moving average strategy is absolutely genius! The way it's explained and the insights provided make it truly amazing. Kudos to you Sir for sharing such an insightful and effective trading strategy! However, I have a suggestion and a question. 1. I found your video incredibly insightful, especially the part about the exit strategy. However, I'm hoping for a bit more clarity on that aspect. Could you please consider re-explaining the exit strategy or perhaps provide some additional examples? Your insights are greatly appreciated! 2. Your explanation about the two significant relative lows and their relationship to the moving average was really helpful. I just want to make sure I've got it right. Should both significant relative lows be below the MA, or is it possible to have the first relative low above the MA and the second below, or even both above the MA? Your clarification on this point would be fantastic. Thanks a bunch!
Thank you so much for your wonderful feedback! I'm thrilled to hear you found it insightful and helpful. Regarding your question on the exit strategy, I think it would be best addressed in our Wednesday live stream. These sessions are specifically designed for deeper clarification and interaction, which can be challenging to convey through written explanations alone. I would love to have you join us in the next live stream, where I can re-explain the exit strategy with additional examples and answer any other queries you might have. As for your second question about the relative lows in relation to the moving average, it's a great point to explore further. Join us in the live stream, and we'll dive into this topic to ensure you have a clear understanding. It's important to me that you're fully confident in applying these concepts. Looking forward to seeing you in the live stream, and thanks again for your engagement and insightful questions!
Thanks for the engagement and insightful responses! See you in the live stream! 👋📈. Please share the date and time because I am from Malaysia. #TechnicalAnalysis #LearningJourney
Greetings from India.I am excited after watching this video. After watching ichimoku strategy , I thought I got what I was after. So now I face another problem i.e. which one to go with ☺(you were kind enough to reply to my comment in the ichimoku startegy video). One question: 'Two closes' means two 'consecutive closes', right?
No, the closes don't have to be consecutive. And there is no reason to chose either or. Both strategies can be applied at different times or you may even combine them and define your own strategy based on those two. You can enter the market with one and add with the other. There are multiple things you can do when you have a solid foundation on technical analysis. So please keep learning, test and above all, be sure to secure a profit factor larger than 2 once your strategy is in place. Thank you for your feedback and question.
@@TechnicalAnalysisInstitute Thank you for your guidance.I will keep in mind and will follow them in my trading and would share the experiences as and when they are relevant.
I'm glad to hear that you find the strategy appealing. Testing is a crucial step before implementing any strategy in a live setting. I hope you find great results! Let us know how it goes. Thanks for the feedback!
Yes, indeed! To my knowledge there's only one indicator that works in one direction, that's the original Coppock. Other than that all examples of any strategy we teach works in both directions indistinctly. Happy trading!
this stretegy help me very much. as i lost too much in previous year and i quit trading but now i getting profit after applying it on daily chart only. one thing i need can you please share a indicator that popup when price cross the moving average. there are available but all are paid can you give us for free. thanks again
I'm delighted to hear that the strategy has been beneficial for you, especially after facing challenges in the past. Regarding your request for an indicator, over the years, we've developed various proprietary indicators, and while most of them were licensed for a fee, currently we offer only the TOP Indicator exclusively to our members on TradingView. I understand the desire for a free tool, but our commitment to quality and the value these tools bring often come with a cost. I would recommend considering one of our membership levels to gain access to the TOP Indicator. In the meantime, you might explore TradingView's public library as there are many free scripts and tools developed by the community which could assist you. Thanks for your understanding and continued success in your trading journey!
@TechnicalAnalysisInstitute Thank you for your quick answer. I would like to ask anotheer question about process. After second close, we drove a line horizontally to the left side and choose first lowest low that crossed by horizontal line whereever it. Am I correct?
Thank you for your question and for following the discussion. I must admit, I'm not entirely sure I fully grasp your question. It would be really helpful if you could review the video again for clarification. Additionally, it would be great if you could join the next live stream, as that would give us a better opportunity to interact and address your query more effectively. In the meantime, let me reiterate the instructions from the video for clarity: You should consider buying when there's a first close above the 30 period simple moving average (SMA). However, be cautious if the SMA is steeply pointing downwards, as this might not be an ideal buying signal. The strategy for exiting is to do so after witnessing 2 closes below the 30 period SMA. Specifically, consider exiting when one of these closes is below the lower of the previous two significant relative lows. Again, I recommend reviewing the video for a better understanding and joining the next live stream where we can interact more directly and clear up any confusion.
Thank you for posting this video. I like the ideas featured. When I tried to write up the trading rules for me to follow, around 11m08s "the previous two significant relative lows" was referenced. By the definition given, they will always be lower than the low being considered. Is there a better numerical determination to select the lows to compare against? Please include determining how far back we go.
Thank you for your insightful question and for watching the video. I'm glad you found the content useful. Regarding your query about selecting the "previous two significant relative lows" for trading rules, I don't believe I can clarify it better than I did in the video using a written form. I suggest you come to the Wednesday Live stream and I'll do my best to answer your question in a more interactive way. For now, I believe your missing point is to see to the left horizontally. That's the key!
If you are looking for a long term holding than it is preferable to buy when the prices have fallen very low over consequtive days as when they start going up your stock price will start going up.
Thank you for valuing the content! Just a friendly reminder to respect copyright guidelines. It's always best to bookmark or add the video to your TH-cam playlist for easy access. Enjoy and happy trading!
Thank you for the kind words and for subscribing to our channel! I appreciate your support. Just a small note: the content and strategies presented here are based on my extensive research and experience. I'm fortunate to be a Certified Market Technician from the International Federation of Technical Analysts and a Certified Elliott Wave Analyst. These credentials allow me to provide insights grounded in tested methodologies. Regarding the success ratio, it varies depending on market conditions, the specific application, and the trader's discipline in following the strategy rules. Always consider backtesting any new strategy in a demo environment before applying it to live trading. Thanks again for your feedback and happy trading!
Thank you for your feedback! I'm glad you found value in the strategy. Remember, sometimes simplicity is the key in trading. Stay tuned for more insights and strategies. Happy trading!
You're welcome! What an amazing question. I thank you for bringing it up. While the video suggests that taking long trades when the price is above the 200 SMA can offer a better confirmation of an upward trend, it doesn't strictly mean that you can't take long trades before that. But it is clear that any buy signal will work better after the uptrend is confirmed. The 200 SMA is a general guideline indicating the primary trend. Prices being above the 200 MA is often considered a sign of an uptrend. However, with the 30 SMA strategy, and since it can be applied to any time frame, it's possible to take long trades even before the price reaches above the 200 SMA. Now let me be clear about it: any buy signal will have better odds when prices are above the 200 Moving average and every sell signal will have better odds when prices are below the 200 MA: Just applying that to any strategy, it will increase its winning ratio. Thank you so very much for question and happy trading!
amazing your teaching style is very good and easy to understand and this sma strategy is very good. can you make one another movie on same sma30 but with sell position.
Thank you for your kind feedback!The process for selling is exactly the same but inverted. However, there have been so many questions about selling that I'll actually take your suggestion and record another video explaining the reverse process. Many thanks!
I'm thrilled to hear that you found it applicable for MQL4 and useful in back-testing. Your feedback means a lot. Thank you for your appreciation, and keep trading smartly!
Thank you for your kind words! Remember, every trading strategy requires practice and understanding of the market conditions in which you're applying it. I'd recommend paper trading or using a demo account first to get familiar with it. All the best, and I truly hope it brings you success. Let us know how it goes for you!
Of course! Welcome to the channel, and I'm glad to hear you're enjoying the content. The strategy we discussed is primarily based on price action, which is a fundamental concept applicable across various financial markets, including stocks. While it was demonstrated in a specific context using Forex pairs, the core principles can indeed be applied to stocks, Futures or Cryptos. As always, I recommend backtesting any strategy on the specific assets you're interested in trading to ensure its effectiveness. Stay tuned for more insights and happy trading! P.S. If you're interested in even deeper levels of analysis, I recommend you watch our full week intensive on the Elliott Wave Principle. You should be able to watch it under the Playlist tab. Enjoy!
Thank you for this wonderful strategy Prof. But what should I do when the price closes below or above 30 SMA but an SMA is still pointing downwards or upwards?
That's really a good question! Thank you for asking. In a downtrend when the price closes above the 30 SMA and the SMA is still pointing downwards, it could indicate a continuing downtrend. So you may want to stay in the trade until the SMA starts to flatten out. Conversely, if the price closes below the 30 SMA while the SMA is still pointing upwards, it often signifies a shallow correction. If the correction develops into a much deeper one, the MA will flatten. Always remember to use market context. Hence all the other forms of analysis we teach on the channel. Happy trading!
@@TechnicalAnalysisInstitute so when the price is in range, better we stay out of the market because at that time, SMA will flatten. That's to stay out until it starts trending upwards or downwards and to find signal when price closes below or above SMA while an SMA is pointing up (for buy) or down (for sell). OR to add positions as you instructed when price fails to reach second relative low or high and closes again below or above SMA?
First of all, thank you and subscribe to your channel! What I noticed is that in the smaller time frame examples you talk about the 30 SMA, but you have a 30 WMA on the chart?
Not much of a difference! The essence of the strategy and what makes it different, practical and efficient is that it has very clear and systematic decision making. Having said that, it makes more sense to use a Weighted moving average in smaller time frames, but keep in mind that the smaller the time frame, the more false signals you'll get. Good Luck!
@@TechnicalAnalysisInstitute Thanks for the quick response! I understand :-) I will test and report back! Under 1 hour timeframe the WMA, or at what timeframe would you set the limit for the SMA?
@@ervonHier Not at all! You can use it in any time frame, but if I were you, I would set a limit to how small a timeframe I want to trade. Consider the fact that virtually no day trader earns money according to research.
This is so wonderful i just had to subscribe 😊 I have the concept bagged except for the part of exiting the position. That relative low concept is still not clear to me. Maybe it's because i am relatively new to trading; barely six months in. Will try it out asap and see how it goes.. Who knows? I may come up with my own exit strategy 😂
Thank you for subscribing and for your kind words! 🙌 Exiting positions can indeed be a nuanced topic. I recommend attending our live stream this Wednesday, when I could clarify your doubts better. With your enthusiasm and willingness to learn, I'm sure you'll grasp all trading concepts in no time. And hey, innovation is key in trading! Looking forward to possibly hearing about your unique exit strategy someday. 😄 See you on Wednesday!
Please don't worry about any perceived ignorance; asking questions is a great way to learn. Technical analysis is indeed a universal tool; it's applicable not only for 'buy' signals but also for 'sell' signals. Furthermore, it can be effectively used across various types of securities, including stocks, bonds, commodities, and even cryptocurrencies. Thank you for your question!
Well I'm trading the strategy and I'm liking it the challenge you face on lower timeframe is falseouts and lot of invalid closes l bet using it on a bit higher tmfr is better as compared to 2 min and 3 min chat
Thank you for your feedback! Practically all strategies work better in higher time frames... Trading of 2 and 3 min charts require extreme mastery, but the principle is the same...
@@godfreyrinoona1361 Not at all! The placing of the stop there is because typically, if prices print beyond those levels, there's likely a change in trend.
You're welcome. I'm not familiar with the "unfilled order strategy", but as long as it gives you an edge, confidence and it works, you need nothing else. To succeed in trading we only need one thing that works. That's it! I'm glad you found your one thing...
Thank you for your question! As mentioned in the video, the stop is typically placed below the lowest of the two previous relative lows. It's a key point in the strategy, so I'd recommend re-watching that segment for a clearer understanding. Always ensure you're comfortable with the level of risk before placing a trade. Hope that helps!
All examples are swinging up and the analysis are looking back which is 20/20. There will be time when you get in and it will swing down below your entry point and you get out for a loss. This presentation seems to portray a positive results only. If it is this simple everyone is a millionaire.
Trading is indeed SIMPLE! But that doesn't make it EASY. It involves many factors beyond just applying a strategy correctly. Adequate capital, the right mindset, and emotional control are all crucial. Trading is simple! Maybe I should say VERY simple in concept but not easy in practice, which is a key distinction I aim to convey. That may explain to you why not everyone is a millionaire. Regarding the examples in the video, they are indeed retrospective analyses, as this is a common and effective teaching method in technical analysis. We never claim or guarantee success 100% of the time - even when applying the most sophisticated methods we teach like Elliott Waves - hence the use of stop losses, which we've highlighted for their strategic importance. In this particular case, it is the exit strategy which goes together with the stops that makes this particular approach genius. And let me be clear once again, I said in many of other comments, I don't claim this to be my strategy; it isn't! It's an approach that many corporate traders use. So I feel very comfortable to say this approach is genius. It's vital to remember that no strategy works perfectly in every situation, and our approach is about teaching real, practical technical analysis, not claiming infallibility. However, our public trade record, which uses a variety of technical tools, shows a strong winning ratio, providing practical evidence of our strategy's effectiveness. Thousands of our students are testament and testimonials of this fact. I appreciate your engagement and the opportunity to clarify these points.
I'm so glad to hear that you found value in the content! It's always rewarding to know that viewers are learning and benefiting. Stay tuned for more insights and happy trading!
Yes indeed! Also try to have an average of 200 bars on your chart. That way you won't spread it too much and the slope of the average will be preserved.
Hello! Great observation. Both the 30 SMA (Simple Moving Average) and the 30 WMA (Weighted Moving Average) have their own merits. The choice between SMA and WMA often comes down to personal preference and the specific characteristics of the market you're trading. The WMA gives more weight to the recent prices, making it more sensitive to recent price action. On the other hand, the SMA gives equal weight to all data points, offering a smoother overview of the market trend over the period. For the strategies I demonstrated, you can experiment with both to see which aligns better with your trading style and the particular asset you're trading. It's always a good idea to backtest any strategy with both types of moving averages to determine which one offers better signals for your specific scenario. Remember, there's no one-size-fits-all answer in trading. It's all about finding what works best for you. Happy trading!
@@renaldshirima8989 From your question it is obvious to me that you're not referring to the particular strategy taught on this video since there are no targets involved. Perhaps you're looking for answers to a more general question as an intraday trader. So I would address you to explore the many systems to take profits that intraday traders use. Look into historical levels of support and resistance, Fibonacci extensions and retracements, Average True Range, etc...
Yes, the strategy can be applied to forex, commodities, and crypto markets. It works for both buying and selling positions. Just invert the instructions. You may need to watch the video again to understand how to close the trade. Thanks for your question!
Its a very interesting video sir, really appreciate it...however if u have the time, care to share more on how to exit the trade? Coz im trying to figure it out but still confusing, from profitable to unprofitable just to follow the relative low 😁. Thanks
Thank you for your comment. In the video, I did go over where to place the stop losses during the trade examples. It's crucial to ensure we manage our risks adequately. Please re-watch those sections for clarity. As for the Win Ratio and Risk-Reward (RR) of this strategy, it varies depending on the person, market conditions and timeframe. I recommend back-testing it for your specific use case to get an accurate measure. Thanks again for your engagement, and let me know if you have any more questions!
Thank you so much for the kind words and support! I'm committed to continuing to share valuable insights and concepts. Stay tuned for more, and happy trading! ❤️
Thank you for your kind words. It's fantastic to hear that our channel is serving as a valuable resource for your trading education. We're committed to providing clear, concise, and actionable content that can help traders of all levels improve their skills. Keep learning and happy trading!
Ah, nostalgia! It's always great to revisit strategies that have withstood the test of time. If you've used something similar in the past or have any insights to share from your "good old days," we'd love to hear about it! It may be my age but I'm still attached to the old approach. Happy trading!
for me i use 50 and 100 SMA for my "trading window" and only trade stocks that are in uptrends, and i use 10 and 20 EMA to decide whether to buy or sell, usually i always sell if price overextend from 10EMA or fall below 20EMA
Wonderful!!! That's a solid approach! Using the 50 and 100 SMA to define the overall trend and then utilizing the 10 and 20 EMA for timing entries and exit points can indeed be effective. Thanks for sharing your method with our community, and I hope you continue to find success with it. Happy trading!
@@Jeff-ox4og yes it has, of course i have my own down days and those days give me hard lesson about risk control, my strategy are inspired by oliver kell and my risk control method i learn from mark minervini, both are champions of the US Investing Championship. to be honest i am still a newbie with just a one and half year of experience, i always do my own research and i fell in love finding new trading ideas and concept.
@@Jeff-ox4og I appreciate your question to @alessavictoria and I would like to pitch in if I may... It’s important to remember that the outcomes of a strategy are highly individualized and not necessarily repeatable across different traders. It's crucial to understand that the effectiveness of any trading strategy hinges on a myriad of factors. These include the context in which it's applied, thorough prior analysis, the amount of capital involved, the sizing of positions, the trader's ability to mitigate risks, and their personal risk tolerance. Additionally, factors such as trade management, the individual's psychology, and their unique approach to the markets play a significant role. I even posted a video on how trading sizing can help eliminate the risk of a position entirely and as a result increase the profitability of any strategy. You can watch it here: th-cam.com/video/T5dKTYkLDUM/w-d-xo.html After you see that video you'll realize that the positive outcome of a strategy is not the strategy in itself. I encourage you to consider these aspects when evaluating or applying any trading strategy, and always approach trading with a mindset that embraces learning and adaptation to your unique circumstances. Thank you for allowing me to be part of the conversation. Happy trading! 😊
You're absolutely right; such a comprehensive topic requires a deeper dive than a simple comment can provide. Recognizing market shifts involves understanding various technical signals, patterns, and sometimes combining multiple indicators. I've touched upon this in several of my videos. Stay tuned, as I plan to address such topics in more detail in future videos. For now, I'd recommend revisiting some of my previous content and paying close attention to trend reversals and consolidation patterns. I strongly suggest you go through the Live stream recordings from last week where I gave detailed explanations on identifying trend reversals. You'll find the recordings under www.youtube.com/@TechnicalAnalysisInstitute/streams Thanks for your insightful question!
I'm thrilled to hear you enjoyed the content and found it informative! If you have any more questions or topics you're curious about, feel free to reach out. Happy trading!
sir. Simple yet amazing. But may I request you to create the same strategy using the traditional Japanese candlesticks rather than the bars? That would be even more helpful io understand the concept of the relative lows. MAKE ANOTHER VIDEO OF HOW CHECK VOLUMES
Thank you for the positive feedback and the valuable suggestion! I completely understand the appeal of using traditional Japanese candlesticks as many traders are more familiar with them. I'll take your suggestion into account and consider creating a video explaining the strategy using Japanese candlesticks. As for the volumes, that's a great topic too! I'll definitely think about creating a dedicated video on how to assess and incorporate volume into trading strategies. Stay tuned, and thanks for being a part of our community!
Boa tarde! Thank you for your question. Yes, in a 15-minute intraday timeframe, going short when the first red candle closes below the 30-period moving average can be a part of your trading strategy. However, the moving average must be pointing down!! Always ensure to combine this with a thorough analysis, other indicators or a confirmation of trend reversal for a stronger signal. Be mindful of risk management and happy trading
@conleighstafford9147 SMA = Simple Moving Average SMMA = Smoothed Moving Average EMA = Exponential Moving Average LWMA = Linear Weighted Moving Average.
Thank YOU so much for your kind words! I'm thrilled to hear that you find the content useful. Your support means a lot to me. If there's anything specific you'd like to see in future videos, please feel free to share your ideas! We will soon start a series on Elliott Waves. Stay Tuned!!!
Thank for your feedback. I'll probably make another video explaining it because if you read the previous comments this question has popped many times. Both SMA and WMA can be applied with this strategy. While some of the charts show WMA, the principles explained are based on SMA. The primary difference between the two is how they're calculated: SMA gives equal weight to all prices, while WMA gives more weight to recent prices. Depending on your trading preference, you can choose either. Both will yield slightly different signals, but the core concept of the strategy remains consistent. Happy trading!
@@TechnicalAnalysisInstitute thanks for quick reply. I went for few messages back but couldn’t find, sorry for the that. In this case I can have second question. Let’s I implement both sma 30 and Wma 30 into my chart and I realized Wma line follows more closely to my candles rather than sma. Should i consider the closer following one for better trading decisions ?
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I am already in a year of self studying forex trading. This lesson is really a big help. It’s my first time viewing clear explanation on using moving ave. Thanks a lot for the upload. You are a blessing to us who self study. Thank you. Thank you. Thank you.
I'm truly humbled by your kind words! It's rewarding to know that our content is assisting dedicated learners like you. Keep up the self-study, and always feel free to reach out if you have questions. Remember, every great trader was once a beginner. Thank you for being a part of our community!
Trade the /NQ, the Nasdaq 2 hours after the market open.
I tried to use this yesterday for the very first time and i won the trade then this morning i used it again and boom! same result i won the trade again! Thank you for this very valuable knowledge.
Fabulous! That's fantastic to hear! Remember, while it's great to have initial success, always remain disciplined and continue to study and practice. Thank you so much for sharing. Keep up the great work and happy trading!
Can you please share your experience now that is 9 months later?
I am a day trader....That was exactly what I was looking for....an Entry, Add, and Exit strategy that makes sense. I have been trading for a few years and have tried a lot of different things to put it all together...wow, this strategy is awesome...new traders don't get intimidated on the Exit rules it's easier than it looks at first. I have been using with marking the high/low of the 1st bar on the 3 min. Can play off of those with the 30sma. All the best traders short term use "price action"...that is what is so sweet about this system...you are too. Thanks again for taking the time to make available.
Thank you for your wonderful and inspiring comment. I do hope this strategy makes you a lot of money. I look forward to hearing from you again sharing your results. Thank you for your kind feedback!
The use of 30-Simple MA reminds me of similar strategy by Stan Weinstein in his classic book "Secrets for Profiting in Bull or Bear Markets" that uses 30-Weighted MA. What I appreciated most from your video is the "EXIT STRATEGY". Thank you for sharing this simple yet effective strategy!
I'm glad you noticed the similarity! Stan Weinstein's work is indeed a classic in the trading world. It's essential to have both entry and exit strategies in place for consistent trading success. I'm thrilled you found value in our exit strategy. Thanks for watching and sharing your insights!
Its my strategy also using the SMA 30 according to Weinstein..and.also i use the MaCd. I found a special setup who work anytime
@@investisseur101 Congratulations on finding a strategy that works consistently for you! It's great to hear about your success with the SMA 30 and MACD combination. Stick with what works for you and keep up the good work! In trading we only need one thing that produces money. You found yours! Congrats!
Hello there. I'm just wondering, why on the video you are using WMA instead of SMA? So basically you are talking about SMA but as an example in the video you are using WMA. e@@TechnicalAnalysisInstitute
@@TechnicalAnalysisInstituteby the way it's a great video. I like the way you talk, you sound like Donald Trump who is going to win today !!!
There is true genius is simplicity and this approach has it. A very nice strategy for getting in, staying in and adding to the trade. Many thanks for sharing.
Thank you so much for your kind words! I wholeheartedly believe in keeping things simple yet effective in trading. I'm thrilled to hear that you found value in this approach. Best wishes in your trading journey!
Thanks for this excellent content. In this video only buy setup is explained. Is this strategy applicable only for LONG Trades ? Ideally the opposite conditions are applicable for SHORT Trades. Kinldy conifrm my understanding.
Yes, correct! Thank you for your feedback!
Hello sir....just happened to see your video & realised how lucky to get to see such simple but valuable content from you. My sincere thanks to you ! I will surely apply this knowledge in my future trading journey.
So nice of you to say. I'm extremely pleased to know our content has been helpful to you. I hope your trading moves at least to the next level and you're able to generate plenty of profits. Many thanks!
12:03
The latter is that the close is ABOVE the last lows.
So in this case...
Former - exit
Latter - stay long
A diagram at the same time would've helped, though you did it later.
But it is a good tip. 👍
Thank you for your feedback. For some traders who are not adept in recognizing the trend, it may be a lot more than a good tip though; it can be a complete trading methodology. Personally, I prefer to recognize the trend first and apply this strategy thereafter.
0:00:00 INTRO
0:00:30 WHAT IS A MOVING AVERAGE (MA)?
0:01:15 DIFFERENT MA CALCULATIONS. WHY & HOW...
0:03:45 HOW TO USE
0:04:55 IDENTIFYING THE TREND
0:08:00 THE THREE C's... CONFIDENCE, CALMNESS, CERTAINTY... (ADD ON TRADES HOFFMAN RETRACE BAR)
0:08:35 USING THESE PRINCIPLES TO TRADE SHORTER TERM
0:09:55 ADVERTISMENT
0:10:35 TRADING RULES OF ENGAGEMENT... SHORT TERM MA's
0:12:20 EXAMPLE
0:16:50 SCALPING THE M3 CHART
0:18:30 APPLY!!! BACKTEST!!!!
There is a contradiction there. One instruction is to check after two closes are made below the moving average, whether ANY of the two closes are below any of the two previous relative lows and another instruction says, to only compare the SECOND close below the SMA to any of the two previous relative lows. Please clarify. Thank you.
This is an incredible strategy. It has turned my losses into profits. Thank you very much. Can please help in identifying in continuation of trend.
You're very welcome! I'm thrilled to hear that the strategy has been so effective for you, transforming your losses into profits. Remember, consistency and continual learning are key in trading.
Please make sure to watch the second video we posted on Moving Averages. It may help you further:
Here's the link:
th-cam.com/video/LM8wYq5noy4/w-d-xo.html
Your success and feedback are what motivate us to keep providing valuable content. Happy trading! 📈
Thank you, sir. I have explored a lot of channels and you are the best I have ever seen. As a professor, you put it concisely and methodically.
Thank you so much for your kind and encouraging words! It's truly gratifying to hear that our channel has stood out to you in your exploration of this field. As a professor, my aim is always to present information in a clear, concise, and methodical manner, and I'm delighted to know that this approach resonates with you.
Your feedback is greatly appreciated and motivates us to continue delivering high-quality content. If there are any specific topics or areas you're interested in learning more about, please feel free to let us know. We're here to support your learning journey!
Thank you once again for your support and for choosing our channel as a resource.
@@TechnicalAnalysisInstitute I gotta hand it to you. You totally deserve it, sir!
What a clever, elegant way to approach the market using Moving Averages. Thank you Professor!
I'm glad you found it useful. I thank YOU for your kind feedback.
Fantastic channel and amazing delivery of the concept… I’m glad I stumbled upon your channel. You should have way more visibility. Your videos are treasure! Thanks for passing along this expertise!
Thank you so much for your kind words and encouragement!Your support helps increase our visibility and reach more people. Thanks again for being part of our growing community
Sir, it is a really good and simple technique to enter the trade. moreover, your teaching style is very humble and polite. I am impressed and subscribed to your channel because you are really a genius.
Thank you so much for your kind words! I'm genuinely pleased to hear that you find value in the techniques shared and appreciate my teaching style.
Your support means a lot, and I'm honored to have you as a subscriber. Let's continue this journey of learning and trading together. All the best in your trading endeavors!
From tomorrow morning i will use this strategy and go for the kill. Thank you for sharing this knowledge.
That's wonderful, but you should always test it in demo first so you can determine the best time frame, best period, best time and conditions and even best asset to apply it to. Good luck!
So far I have only watch this video and I am completely impressed. Love it!
Glad you enjoy it!
The video I just watched, the explanation is easy to understand for beginners like me who are learning in the nfc community
Great to hear! I am not familiar with the NFC community, but wish you well in your learning process.
Wonderful explanation about M0ving Average in the video in a simple & understanding way.
1) Can i use EMA instead of SMA???
2) Is MA works on any segment/Market like Equities, Commodities, Options in Indian Market???
3) is Time Frame will be depends on our Trading like Intraday/Swing Trading...etc???
Your response will be Highly appreciated sir. Thank you.
Thank you for your kind words and feedback. Here are the answers to your questions:
1) Yes, you can use a 30-period Exponential Moving Average (EMA) in place of a Simple Moving Average (SMA) for your trading strategy. The choice between an EMA and an SMA depends on your trading style and objectives.
The EMA gives more weight to recent prices, which makes it more responsive to new information compared to the SMA. This can be beneficial in a fast-moving market where recent price action is more relevant. However, it can also make the EMA more prone to generating false signals in a volatile market.
On the other hand, the SMA assigns equal weight to all values, which can make it more stable and less prone to fluctuations in a volatile market. However, this can also mean it reacts slower to recent price changes.
If you switch to a 30 EMA, you might notice quicker responses to price changes, which can be advantageous if you're looking for early signals. However, it's important to be aware of the potential for increased noise and false signals. As with any trading strategy, it's recommended to backtest and practice with a demo account before applying new methods to live trades.
2) Absolutely!
3) Certainly! In the video I gave example with different time frames to show it is possible to use for any type of trading style. However, I never recommend day trading. While the strategy will theoretically work, the psychological aspects involved will likely interfere.
Happy trading!
@@TechnicalAnalysisInstitute Thank you for your immediate response sir. It would be have been more helpful for us Instead of "Bars" if you have used "Candles" in the Tradingview platform in the video. But given lot of clarity about MA. Thank you.
@@manjunathakar4943 That is not completely correct! This video should help you understand why sometimes it is better to use bars for specific strategies and why sometimes it is better to use candles. I suggest you watch it attentively. Also, in the next few weeks I'll be posting a full training on one of the most sophisticated tools of technical analysis. For that you need to use Bars, so it will be best you learn the correct use of them.
th-cam.com/video/s9tQsF5CqSs/w-d-xo.html&ab_channel=TechnicalAnalysisInstitute
@@TechnicalAnalysisInstitute Understand sir. Because in India most of us are using candles for the analysis. But thank you for sharing knowledge sir.
Waiting for more useful Knowledge & Analysis from your side. Thank you so much for your time sir.
@@manjunathakar4943 We do too! But that's only one type of analysis. Very useful, no doubt. But a good analyst should be able to use several types of charts at different situations. For instance, if you want to do Ellliott Wave analysis, you should only use Bars. If you want to add positions to established trends you may want to use P&F charts, and if you only need to know the tendency, you will better off using line charts. Those are just examples, but there are many reasons why we should be able to switch from one to the other. Happy trading!
Thank you for sharing your valuable knowledge and explaining so well! I have used a similar strategy with 8 and 21EMA, combined with Price and Volume analysis. Very similar but I love the simplicity of the 30 WMA and have added it to my charts. Much appreciated and you have a new subscriber here.
Absolutely delighted to hear that you've found value in our content! It's always great to know that fellow traders can adapt and integrate new techniques into their existing strategies. Welcome to our community, and I'm looking forward to sharing more insights with you. Happy trading!
Hi, what time frame are you trading? Are you scalping by any chance?
Hello sir thanks for the simple strategy one point on your charts you are using WMA and you are asking to use SMA co which one is the right combination either SMA or WMA. Thanks in advance for this wonderful work and video.
Thank you for your kind words...
To clarify, the strategy I intended to discuss uses either the Simple Moving Average (SMA) or the Weighted Moving Average. SMA is a widely used indicator that provides a clear view of the trend by averaging the price data over a specific period. It's straightforward and effective for many trading strategies.
However, the WMA can also be a valuable tool as it assigns more weight to recent data, making it more sensitive to price changes. Depending on your trading style and goals, you might find one more suitable than the other.
I strongly suggest you test both before committing any real funds to the strategy. Good Luck!
I've been trading for a few years using something similar, but have had issues with stop-outs when the market ranges and whip-saws. What you are explaining here seems to overcome that to a large degree. I love the simplicity!
I'll be backtesting and see how it goes.
I'm assuming the stop goes below the lowest low of trend movement.
Absolutely! First off, I'm thrilled to hear you appreciate the simplicity of this strategy. Addressing your point, you've nailed it:
In this strategy, the stop is indeed set below the lowest low of the two relative lows. This method helps to buffer against the noise of the market, especially during periods of consolidation or when the market exhibits whipsaw behaviors. By setting the stop based on the relative lows, we're allowing the trend to breathe and potentially ride out those temporary market retractions without getting prematurely stopped out.
However, it's crucial to continually trail the stop based on subsequent relative lows as the trend progresses. This not only locks in profits but also ensures you're dynamically adapting to the market's evolving structure.
I encourage you to backtest this method thoroughly. Incorporating this approach to stops might reduce premature exits and provide more room for the trend to unfold. Remember, no strategy is foolproof, but the aim is to provide a solid edge over a series of trades. Good luck, and I'm eager to hear how your backtesting goes!
How did your backtest turn out?
Thank you for this wonderful strategy. I guess keeping it simple is always great. I would love you to make a video on how to do manual backtest of this strategy on MT5. Nice work as always.❤
I'm glad to hear that you appreciated the strategy and found value in keeping things simple. Your suggestion for a video tutorial on how to manually backtest this strategy on MT5 is a great idea. I'll definitely consider creating content around that topic to provide more in-depth guidance. Thank you for your continuous support and for the kind words! Stay tuned for more updates. ❤️
There is a contradiction there. One instruction is to check after two closes are made below the moving average, whether ANY of the two closes are below any of the two previous relative lows and another instruction says, to only compare the SECOND close below the SMA to any of the two previous relative lows. Please clarify.
Second relative low is your stoploss
Good Sharing, Thank You Sir
My pleasure! I hope you can benefit from all the videos presented in our channel. Good luck and Happy Trading!
Thank you sir
very good strategy i am impressed by your teaching method. what i understanding from this lesson first check the trend of the market price and then take the position and check for 2 close position and if those 2 close position above the relative low then don't need to exit just continue your trade.
Sir can you make the same strategy video for sell position also. we will be waiting for sell position for sma30 strategy.
Thank you for your kind words and for engaging with the content! I'm thrilled to hear that you find the strategy and teaching method effective. You've got the essence of the strategy quite right.
Your request for a video focusing on the sell position using the same SMA30 strategy is an excellent idea. It's important to have a symmetrical approach to both buying and selling in trading, as markets move in both directions. Creating a companion video that explores the strategy from a sell position perspective is definitely on my radar now, thanks to your suggestion.
Stay tuned to the channel, as I'll be working on this new video to cover the sell side of the SMA30 strategy, ensuring you have a comprehensive toolkit for both bullish and bearish markets. Your patience and anticipation for this content are greatly appreciated, and I'm excited to share it with you and all our viewers soon.
Keep watching, learning, and trading smart! Thank you for the suggestion!
Hi professor Aldo i been using MA for such a long time but not satisfied with the results now I’ve come across your valuable video about using MA in a correct way so thanks a lot for the informative video and let me tell you sir that the calmness’s of your voice shows the simplicity of the strategy itself using the MA thanks sir i have just one simple question that trade in forex markets and i trade only in 2 pairs GOLD and. US OIL and i am a scalper too i like your 3 min scalping strategy you explained in this video and i trade in 3 min and 5 min so just want to know dose this strategy work in forex markets specially in GOLD / US OIL thanks for your valuable time and plz reply ASAP i am waiting eagerly sir 🙏
Thanks sir for the ❤️ sir but can you plz reply that dose this strategy work in forex GOLD as well as in US OIL pair in 3 min and in 5 min time frames for scalpingggg
I'm glad to hear that you found the video about using the 30-period simple moving average (30SMA) strategy helpful and that the presentation style resonated with you.
Regarding your question about applying this strategy to scalping in the forex market, particularly with GOLD and US OIL, I'd like to offer some important considerations:
Scalping Odds: It's crucial to understand that the odds for scalpers are generally lower. Research indicates that only a small percentage of scalpers consistently make money, and often the earnings are modest, akin to a minimum wage. Scalping, especially in volatile markets like GOLD and US OIL, involves significant risks. You may want to go more into momentum strategies.
Strategy Flexibility: The 30SMA strategy isn't limited to a specific timeframe like 3 or 5 minutes. In the video, I demonstrated its versatility across various timeframes. However, it's imperative to have a strong grasp of market context to tilt the odds in your favor. Each market and timeframe might require adjustments to the strategy for optimal performance.
Market Context: Understanding the broader market context is key. This involves being aware of economic events, market sentiment, and other factors that can influence price movements in the forex market. ideally you need to use a dual time frame strategy to confirm the larger trend direction.
Further Learning: I recommend watching a couple more of my videos for a deeper understanding of moving averages in trading.
th-cam.com/video/rnhPdR0r_PM/w-d-xo.html
th-cam.com/video/LM8wYq5noy4/w-d-xo.html
The first is a live stream where I delve into various aspects of moving averages: Live Stream on Moving Averages. The second video explores the use of dual averages. These will provide you with additional insights and strategies.
Remember, while strategies like the 30SMA can be powerful tools, they are most effective when used with a comprehensive understanding of the market and solid risk management practices. Scalping requires quick decision-making and can be quite challenging, so it's essential to approach it with caution and continuous learning.
Feel free to reach out if you have more questions or need further clarification. Happy trading!
Thanks sir for your reply in such a detailed way I appreciate it thanks a lot god bless you and keep up the good work 🙏
Hello sir. Simple yet amazing. But may I request you to create the same strategy using the traditional Japanese candlesticks rather than the bars? That would be even more helpful io understand the concept of the relative lows. Thanks a ton sir.
Thank you for your kind words and feedback! I'm glad you found the strategy useful.
I understand that many traders prefer the visual representation of Japanese candlesticks over traditional bar charts. They can indeed offer a clearer picture of the market's sentiment in certain contexts. I'll certainly consider creating a version using Japanese candlesticks to further elucidate the concept of relative lows. Your feedback helps in refining our content, and I genuinely appreciate it.
In the meantime, you can apply the same principles discussed in the video to candlestick charts. Just focus on the wicks (shadows) of the candles for highs and lows, and the concept remains largely unchanged.
Thanks again for your suggestion, and happy trading!
Hi maybe try Fractals to show you the relative lows and highs
Very good content sir. I have used the same approach for years however I use the 34 weighted instead. The two candle comparative analysis to the left was an interesting concept I will back test. I use more advance method to stay in trades but this is a great addition. Thank you for your time to put this together.
Thank you so much for your feedback! It's great to hear from someone who has been using a similar approach. The 34 weighted moving average is certainly another effective tool, and I'm glad to see that experienced traders like you are open to exploring new methods and concepts.
The two-candle comparative analysis is something that has worked well for many, and I'm keen to hear how your backtesting goes. Always exciting to add another tool or perspective to our trading arsenal!
I appreciate your acknowledgment of the effort put into creating this content. It's always fulfilling to know that it adds value to the community. Please keep sharing your insights and experiences; it enriches the learning for everyone.
Warm regards,
Aldo
@@TechnicalAnalysisInstitute very apt response
Have you tried 50 WMA instead of 34? I feel this is better as it works as Support and resistance
How was your result backtesting this strategy ?
How do you set tp . Thanks
More valuable than what I learnt in the past three years.
I'm thrilled to hear that you found the video so insightful! It's always rewarding to know that the content is making a significant impact. Keep applying these strategies, and I'm confident you'll see even more progress. Remember, every step forward is a step towards greater trading mastery. Keep learning and growing! And don't forget to check the second video on Moving Averages. It should be helpful as well... Best of Luck!
Good content, but I hv. One query...
Video time 15.28 hourly chart
The reference u hv given sir,..Before that also some 10 15 candles price crossed and closed ab 30 sma...And it came down and hit SL...
Would like to hear yr advice on that.
And sir, one request plz make one video using Nifty 50 index chart with yr strategy.
Regards
Hello and thank you for your insightful comment. You've pointed out a very valid observation. Remember, while the strategy I shared is robust and can provide a significant edge, no strategy is 100% foolproof. There will be instances, like the one you've highlighted, where the trade may not go in our favor and that's a part of trading; that's why we use protective stops. The key is to maintain a consistent approach and risk management.
It's essential to understand that while this strategy can greatly increase your chances of success, it's not immune to losses. In trading, it's not about winning every single trade, but about having a profitable overall strategy in the long run.
I appreciate your feedback and will definitely consider creating a video focused on the Nifty 50 index. But one point of clarification is that while I'd love to take credit for it, this is NOT my strategy; it's a proven strategy used by many professional technicians and traders. Stay tuned and happy trading!
Thanks for sharing! I am also in the learning phase of the NFC community. Every day is a new opportunity to learn more about trading and experience this exciting journey.
Absolutely! The journey of learning, especially in the trading world, is ongoing and filled with new discoveries. It's wonderful to have fellow learners like you in the community, sharing experiences and growing together. Let's keep the momentum going and make the most of every opportunity. Here's to many more enlightening days ahead! 📈🌟
This is just amazing, there is nothing more one needs in trading....
You're absolutely right! Your comment just inspired our live stream. I'll talk precisely of that: We need only one thing to succeed!
Hi. Very useful video, thank you. I was wondering if this would apply to any asset like crypto?
Hi there! I'm glad you found the video useful. Yes, the principles of moving averages can be applied across various assets, including cryptocurrencies. However, it's important to remember that each asset class may have its own volatility and unique characteristics. Always backtest and adjust the settings accordingly for the specific asset you're trading. Happy trading! 👍
Thanks so much @@TechnicalAnalysisInstitute I will test it and keep watching and learning. Thanks
thank you so much. o you have a video on the use of range bars? Thanks
Thank you for your kind words! Currently, we don't have a dedicated video on Range Bars. However, it's a great topic and I appreciate the suggestion. We'll consider creating content on it in the future. Stay tuned and make sure to subscribe to get notified of our latest content!
One of the best srategy i studied so far! Can this be applied on the daily timeframe instead of weekly?
Absolutely! I believe in the video I give examples using short term charts like 3 minutes. However, it works best in larger time frames - you get less frequent false signals. using it in short term charts require the psychological prowess and control of a Zen Master.
This is a life changing strategy. Thanks a lot! First time I felt confident!
That's fantastic to hear! Confidence is a key component in trading, and I'm thrilled that you've found a strategy that resonates with you and boosts your confidence. I always tell my students we need to trade with 3 Cs: Confidence, Calmness and Certainty.
If you have any questions or need further guidance, feel free to reach out. Keep up the great work and may your trading journey be filled with success!
HI and thank you for this amazing video . Does it work the same way for selling
You're very welcome! Thank YOU for your question and feedback. The strategy works exactly the same when selling. Simply inverse the instructions. Happy trading!!!
Great, thank you Prof .... next video should be about the exit point
Thank you for your comment! Regarding the exit point, I've actually covered it in the video. It's identified as the point where prices close below the MA and the second close is lower than the 2 relative lows. I recommend watching that section again for clarity. And thanks for the suggestion on the next video topic, it's always great to hear what viewers are interested in!
Thanks. Learning a lot frm ur videos. What will be the criteria for taking profit in this strategy. Regards
It's great to hear that our videos are providing valuable insights for you! Regarding taking profits using the strategy explained, the key is to observe the position of the second candle that closes below the Moving Average (MA) in an uptrend. Your cue to take profit would be if this second closing price falls below the two previous relative low points. This indicates a potential shift in momentum and can be a prudent point to lock in gains before the trend possibly reverses. Keep refining your strategy with practice, and don't hesitate to reach out with more questions as you continue your trading journey. Happy trading!
@TechnicalAnalysisInstitute I highly appreciate your reply and explanation in detail. Your teaching method and knowledge are matchless. Im feeling lucky to be in your followers. Stay blessed Sir.
@@sA-dn3qy Your words mean a lot, and I'm incredibly grateful for your appreciation. It's followers like you that make this journey so rewarding. I'm here to support your trading journey, so don't hesitate to reach out if you have any questions. Stay tuned for more insights, and together, let's continue this path to trading success. Stay blessed too!
very good content, quick question for the sell order rule, it will be the opposite of the buy order rule, just to make sure cause in the video you never mentioned that.
So when the low has gone below the 2 previous relative lows........the you enter a short trade i.e. close the long n go reverse. That will be pretty late into the game. If not then, what are the entry rules for the trade #2 i.e. reverse trade.
Thank you. Like way you explain, how to apply 30 days sma indicator and what is the setting? Appreciate give answer. Thank you in advance
Thank you for your kind words and your question! To apply a 30-day Simple Moving Average (SMA) indicator, you would set the period or length setting of the SMA to 30. This means the indicator will calculate the average closing price of the last 30 days and plot it on your chart.
Here’s a step-by-step guide on how to set this up, typically using a trading platform or charting software:
Locate the indicator section on your trading platform.
Choose the Simple Moving Average (SMA) from the list of available indicators.
When prompted for the settings or to edit the indicator, set the 'Period' (sometimes labeled 'Length') to 30.
Apply the indicator, and it will automatically calculate and display the 30-day SMA on your chart.
The 30-day SMA will give you a smoothed representation of the price action over the past month, helping to filter out the 'noise' of day-to-day price fluctuations and show you the underlying trend.
Remember, the SMA is typically based on the closing prices, but some platforms allow you to base it on the open, high, or low prices as well. Make sure it is set to 'close' if you're following the method I suggested in the video.
Thank you for your quick reply. but sorry I can't find simple moving average on trading view platform I can see their moving average simple but there is length and smoothing length, so I am confused there. If you can, please clarify. Thank you.
@@s.ribadiya Of course! In trading view, under indicators, chose Moving Average Simple. Then adjust the length to 30. That's all you have to do! Hope that helps you.
hello coach...
How can we make cell trade...
and we have more questions so
plz make one more video to elaburate it... thanks
Hello! I appreciate your interest and feedback. Taking short or "sell" trades using the strategy would essentially be the inverse of the buy setup. I understand there are more questions and complexities to address. I'll definitely consider creating a follow-up video to dive deeper into the sell-side and answer additional queries. Additionally, we might also cover this in one of our upcoming live streams, so be sure to stay tuned. Thanks for your support!
Thank you for such a good lesson. It was very informative, and I am about to try it out; thank you for your time and effort.
You're very welcome! I'm delighted to know that you found the lesson informative. It's great to hear that you're ready to put what you've learned into practice. Remember, the real learning begins when you apply the concepts to live markets. Take your time, be patient with yourself, and don't hesitate to review the material as needed. If you have any questions or if there's anything you're unsure about as you try out the strategy, please feel free to reach out. Good luck, and may your trading journey be as rewarding as it is educational. Thank you!
Hello and thank you for this valuable advice. Is the strategy the same for selling please?
Absolutely! All you need to do is to invert the concept!
You'd typically look for the price to close below the pointing down moving average as a potential signal to consider a short position. Always make sure to use proper risk management and test the strategy in your simulator! Happy Trading!
@@TechnicalAnalysisInstitute thanks so Much sir....I need to practice because I have a lot of trouble recognizing the lowest ones...
This strategy only for buy? Can I use for selling?
Sir, thank you for the info, does this will work in option buy intraday
Thank you for your comment! The single moving average strategy can be applied to different markets, including options for intraday trading. However, it's essential to backtest any strategy on the specific market and timeframe you intend to use it on. Options have unique characteristics and factors like time decay that need to be considered. Always test and practice in a demo environment before applying any strategy in a live trading scenario. Happy trading! 👍
As a refinement may I suggest using this technique with a 200 sma added. Then take buy trades only when price is above the 200sma and visa versa for sells.
Certainly! Your suggestion to integrate the 200 SMA as a filter for the overall trend direction is a time-tested approach well known in the industry and use by many traders. By buying only when the price is above the 200 SMA and selling when below, you're essentially aligning with the prevailing trend, which can often increase the probability of successful trades.
Thanks for sharing your refinement. Always great to have insightful contributions from our community! Please share your future results. It'll be enlightening to the community.
simple and lucid to understand
Thank you for the kind words! I always strive to make complex concepts as simple and understandable as possible. If you have any questions or need further clarification on any topic, don't hesitate to ask. Happy trading!
Wow, that video presentation on the single moving average strategy is absolutely genius! The way it's explained and the insights provided make it truly amazing. Kudos to you Sir for sharing such an insightful and effective trading strategy! However, I have a suggestion and a question.
1. I found your video incredibly insightful, especially the part about the exit strategy. However, I'm hoping for a bit more clarity on that aspect. Could you please consider re-explaining the exit strategy or perhaps provide some additional examples? Your insights are greatly appreciated!
2. Your explanation about the two significant relative lows and their relationship to the moving average was really helpful. I just want to make sure I've got it right. Should both significant relative lows be below the MA, or is it possible to have the first relative low above the MA and the second below, or even both above the MA? Your clarification on this point would be fantastic. Thanks a bunch!
Thank you so much for your wonderful feedback! I'm thrilled to hear you found it insightful and helpful.
Regarding your question on the exit strategy, I think it would be best addressed in our Wednesday live stream. These sessions are specifically designed for deeper clarification and interaction, which can be challenging to convey through written explanations alone. I would love to have you join us in the next live stream, where I can re-explain the exit strategy with additional examples and answer any other queries you might have.
As for your second question about the relative lows in relation to the moving average, it's a great point to explore further. Join us in the live stream, and we'll dive into this topic to ensure you have a clear understanding. It's important to me that you're fully confident in applying these concepts.
Looking forward to seeing you in the live stream, and thanks again for your engagement and insightful questions!
Thanks for the engagement and insightful responses! See you in the live stream! 👋📈. Please share the date and time because I am from Malaysia.
#TechnicalAnalysis #LearningJourney
@@meckhel Always check our community tab. All the details are always there. See you there...
Greetings from India.I am excited after watching this video. After watching ichimoku strategy , I thought I got what I was after. So now I face another problem i.e. which one to go with ☺(you were kind enough to reply to my comment in the ichimoku startegy video). One question: 'Two closes' means two 'consecutive closes', right?
No, the closes don't have to be consecutive. And there is no reason to chose either or. Both strategies can be applied at different times or you may even combine them and define your own strategy based on those two. You can enter the market with one and add with the other. There are multiple things you can do when you have a solid foundation on technical analysis. So please keep learning, test and above all, be sure to secure a profit factor larger than 2 once your strategy is in place.
Thank you for your feedback and question.
@@TechnicalAnalysisInstitute Thank you for your guidance.I will keep in mind and will follow them in my trading and would share the experiences as and when they are relevant.
I look forward to reading your success story. Thank you!
I do like this simple strategy. Testing it out. Thanks.
I'm glad to hear that you find the strategy appealing. Testing is a crucial step before implementing any strategy in a live setting. I hope you find great results! Let us know how it goes. Thanks for the feedback!
Hi. Very interesting. Does it work all the way around for shorts as well?
Yes, indeed! To my knowledge there's only one indicator that works in one direction, that's the original Coppock. Other than that all examples of any strategy we teach works in both directions indistinctly. Happy trading!
this stretegy help me very much. as i lost too much in previous year and i quit trading but now i getting profit after applying it on daily chart only. one thing i need can you please share a indicator that popup when price cross the moving average. there are available but all are paid can you give us for free. thanks again
I'm delighted to hear that the strategy has been beneficial for you, especially after facing challenges in the past. Regarding your request for an indicator, over the years, we've developed various proprietary indicators, and while most of them were licensed for a fee, currently we offer only the TOP Indicator exclusively to our members on TradingView. I understand the desire for a free tool, but our commitment to quality and the value these tools bring often come with a cost. I would recommend considering one of our membership levels to gain access to the TOP Indicator. In the meantime, you might explore TradingView's public library as there are many free scripts and tools developed by the community which could assist you. Thanks for your understanding and continued success in your trading journey!
@TechnicalAnalysisInstitute Thank you for your quick answer. I would like to ask anotheer question about process. After second close, we drove a line horizontally to the left side and choose first lowest low that crossed by horizontal line whereever it. Am I correct?
Thank you for your question and for following the discussion. I must admit, I'm not entirely sure I fully grasp your question. It would be really helpful if you could review the video again for clarification. Additionally, it would be great if you could join the next live stream, as that would give us a better opportunity to interact and address your query more effectively.
In the meantime, let me reiterate the instructions from the video for clarity:
You should consider buying when there's a first close above the 30 period simple moving average (SMA). However, be cautious if the SMA is steeply pointing downwards, as this might not be an ideal buying signal.
The strategy for exiting is to do so after witnessing 2 closes below the 30 period SMA. Specifically, consider exiting when one of these closes is below the lower of the previous two significant relative lows.
Again, I recommend reviewing the video for a better understanding and joining the next live stream where we can interact more directly and clear up any confusion.
Thank you for posting this video. I like the ideas featured. When I tried to write up the trading rules for me to follow, around 11m08s "the previous two significant relative lows" was referenced. By the definition given, they will always be lower than the low being considered. Is there a better numerical determination to select the lows to compare against? Please include determining how far back we go.
Thank you for your insightful question and for watching the video. I'm glad you found the content useful. Regarding your query about selecting the "previous two significant relative lows" for trading rules, I don't believe I can clarify it better than I did in the video using a written form. I suggest you come to the Wednesday Live stream and I'll do my best to answer your question in a more interactive way. For now, I believe your missing point is to see to the left horizontally. That's the key!
Nice strategy, straight forward thanks !!
Thank you for your kind comment and feedback. Indeed, the strategy is simple and extremely effective.
If you are looking for a long term holding than it is preferable to buy when the prices have fallen very low over consequtive days as when they start going up your stock price will start going up.
I'll download and save this video
Thank you for valuing the content! Just a friendly reminder to respect copyright guidelines. It's always best to bookmark or add the video to your TH-cam playlist for easy access. Enjoy and happy trading!
Thank you Oliver….straight fwd and wondering what is the success ratio for this approach? I have subscribed to the channel as well.🎉
Thank you for the kind words and for subscribing to our channel! I appreciate your support. Just a small note: the content and strategies presented here are based on my extensive research and experience. I'm fortunate to be a Certified Market Technician from the International Federation of Technical Analysts and a Certified Elliott Wave Analyst. These credentials allow me to provide insights grounded in tested methodologies.
Regarding the success ratio, it varies depending on market conditions, the specific application, and the trader's discipline in following the strategy rules. Always consider backtesting any new strategy in a demo environment before applying it to live trading.
Thanks again for your feedback and happy trading!
that was a great simple strategy, thanks for sharing
Thank you for your feedback! I'm glad you found value in the strategy. Remember, sometimes simplicity is the key in trading. Stay tuned for more insights and strategies. Happy trading!
Thanks for sharing. Do I understand correctly, that the 30 SMA strategy only takes long trades when price is above 200 SMA?
You're welcome! What an amazing question. I thank you for bringing it up.
While the video suggests that taking long trades when the price is above the 200 SMA can offer a better confirmation of an upward trend, it doesn't strictly mean that you can't take long trades before that. But it is clear that any buy signal will work better after the uptrend is confirmed.
The 200 SMA is a general guideline indicating the primary trend. Prices being above the 200 MA is often considered a sign of an uptrend. However, with the 30 SMA strategy, and since it can be applied to any time frame, it's possible to take long trades even before the price reaches above the 200 SMA.
Now let me be clear about it: any buy signal will have better odds when prices are above the 200 Moving average and every sell signal will have better odds when prices are below the 200 MA: Just applying that to any strategy, it will increase its winning ratio.
Thank you so very much for question and happy trading!
@@TechnicalAnalysisInstitute Thanks for the clarification!
Thanks for sharing this. Moving Average has always been my favorite indicator. Can we use it on currency pairs
You're vert welcome! Absolutely yes, you can use it in all assets. Just make sure to make the small adjustments needed for better performance.
amazing your teaching style is very good and easy to understand and this sma strategy is very good. can you make one another movie on same sma30 but with sell position.
Thank you for your kind feedback!The process for selling is exactly the same but inverted. However, there have been so many questions about selling that I'll actually take your suggestion and record another video explaining the reverse process. Many thanks!
thanks alot for quick response.@@TechnicalAnalysisInstitute
Absolutely gorgeous and easily applicable in MQL4 and back-tested. Thank you master.
I'm thrilled to hear that you found it applicable for MQL4 and useful in back-testing. Your feedback means a lot. Thank you for your appreciation, and keep trading smartly!
@@TechnicalAnalysisInstitute awesome
How was the result of your back testing?
What a delicate way to make money I wanna try this strategy. Hope it will work for me too
Thank you for your kind words! Remember, every trading strategy requires practice and understanding of the market conditions in which you're applying it. I'd recommend paper trading or using a demo account first to get familiar with it. All the best, and I truly hope it brings you success. Let us know how it goes for you!
New to your channel snd i like it .
Can you tell me if that strategy wirks for stocks as well?
Of course! Welcome to the channel, and I'm glad to hear you're enjoying the content.
The strategy we discussed is primarily based on price action, which is a fundamental concept applicable across various financial markets, including stocks. While it was demonstrated in a specific context using Forex pairs, the core principles can indeed be applied to stocks, Futures or Cryptos.
As always, I recommend backtesting any strategy on the specific assets you're interested in trading to ensure its effectiveness. Stay tuned for more insights and happy trading!
P.S. If you're interested in even deeper levels of analysis, I recommend you watch our full week intensive on the Elliott Wave Principle. You should be able to watch it under the Playlist tab. Enjoy!
Thank you for this wonderful strategy Prof. But what should I do when the price closes below or above 30 SMA but an SMA is still pointing downwards or upwards?
That's really a good question! Thank you for asking.
In a downtrend when the price closes above the 30 SMA and the SMA is still pointing downwards, it could indicate a continuing downtrend. So you may want to stay in the trade until the SMA starts to flatten out.
Conversely, if the price closes below the 30 SMA while the SMA is still pointing upwards, it often signifies a shallow correction. If the correction develops into a much deeper one, the MA will flatten.
Always remember to use market context. Hence all the other forms of analysis we teach on the channel. Happy trading!
@@TechnicalAnalysisInstitute Thanks in advance!
@@TechnicalAnalysisInstitute so when the price is in range, better we stay out of the market because at that time, SMA will flatten. That's to stay out until it starts trending upwards or downwards and to find signal when price closes below or above SMA while an SMA is pointing up (for buy) or down (for sell). OR to add positions as you instructed when price fails to reach second relative low or high and closes again below or above SMA?
In which time frame we should use this strategy like Daily, or 15 minutes or so. Yours reply awaited. Thanks
In whatever time frame you normally trade. That's why I gave several examples using different time frames.
Great Video. Wll join your training soon. All the best.
Glad you found the video useful. We look forward to welcome you in our program! Thank you for the feedback!
First of all, thank you and subscribe to your channel! What I noticed is that in the smaller time frame examples you talk about the 30 SMA, but you have a 30 WMA on the chart?
Not much of a difference! The essence of the strategy and what makes it different, practical and efficient is that it has very clear and systematic decision making. Having said that, it makes more sense to use a Weighted moving average in smaller time frames, but keep in mind that the smaller the time frame, the more false signals you'll get. Good Luck!
@@TechnicalAnalysisInstitute Thanks for the quick response! I understand :-) I will test and report back! Under 1 hour timeframe the WMA, or at what timeframe would you set the limit for the SMA?
@@ervonHier Not at all! You can use it in any time frame, but if I were you, I would set a limit to how small a timeframe I want to trade. Consider the fact that virtually no day trader earns money according to research.
Do you have that demonstration in candlestick form?
Thank you very much Raghavendra Singh from Lalitpur UP India .
Thank YOU for your feedback and engagement with our content. I sincerely hope you can benefit from it.
This is so wonderful i just had to subscribe 😊
I have the concept bagged except for the part of exiting the position.
That relative low concept is still not clear to me.
Maybe it's because i am relatively new to trading; barely six months in.
Will try it out asap and see how it goes..
Who knows? I may come up with my own exit strategy 😂
Thank you for subscribing and for your kind words! 🙌 Exiting positions can indeed be a nuanced topic. I recommend attending our live stream this Wednesday, when I could clarify your doubts better.
With your enthusiasm and willingness to learn, I'm sure you'll grasp all trading concepts in no time. And hey, innovation is key in trading! Looking forward to possibly hearing about your unique exit strategy someday. 😄 See you on Wednesday!
perdonate l'ignoranza ma é valida solo per segnali buy? grazie infinite
Please don't worry about any perceived ignorance; asking questions is a great way to learn.
Technical analysis is indeed a universal tool; it's applicable not only for 'buy' signals but also for 'sell' signals. Furthermore, it can be effectively used across various types of securities, including stocks, bonds, commodities, and even cryptocurrencies. Thank you for your question!
Well I'm trading the strategy and I'm liking it the challenge you face on lower timeframe is falseouts and lot of invalid closes l bet using it on a bit higher tmfr is better as compared to 2 min and 3 min chat
Thank you for your feedback! Practically all strategies work better in higher time frames... Trading of 2 and 3 min charts require extreme mastery, but the principle is the same...
Do you advice to put a fixed stop loss on the second relative high or low because sometimes you not be on the screen when the market is moving ?
@@godfreyrinoona1361 Not at all! The placing of the stop there is because typically, if prices print beyond those levels, there's likely a change in trend.
Wow cool, thanks for sharing, but I usually use the unfilled order strategy in the nfc community.
You're welcome. I'm not familiar with the "unfilled order strategy", but as long as it gives you an edge, confidence and it works, you need nothing else. To succeed in trading we only need one thing that works. That's it! I'm glad you found your one thing...
Very good examples though I have a question: if I buy above the MA and price went fairly low, how far away is the stop loss?
Thank you for your question! As mentioned in the video, the stop is typically placed below the lowest of the two previous relative lows. It's a key point in the strategy, so I'd recommend re-watching that segment for a clearer understanding. Always ensure you're comfortable with the level of risk before placing a trade. Hope that helps!
Very helpful. Thankyou 😀
That is a very lovely explanation sir, Thank you.
You are most welcome! Thank you for your feedback!
All examples are swinging up and the analysis are looking back which is 20/20. There will be time when you get in and it will swing down below your entry point and you get out for a loss. This presentation seems to portray a positive results only. If it is this simple everyone is a millionaire.
Trading is indeed SIMPLE! But that doesn't make it EASY. It involves many factors beyond just applying a strategy correctly. Adequate capital, the right mindset, and emotional control are all crucial. Trading is simple! Maybe I should say VERY simple in concept but not easy in practice, which is a key distinction I aim to convey. That may explain to you why not everyone is a millionaire.
Regarding the examples in the video, they are indeed retrospective analyses, as this is a common and effective teaching method in technical analysis. We never claim or guarantee success 100% of the time - even when applying the most sophisticated methods we teach like Elliott Waves - hence the use of stop losses, which we've highlighted for their strategic importance.
In this particular case, it is the exit strategy which goes together with the stops that makes this particular approach genius. And let me be clear once again, I said in many of other comments, I don't claim this to be my strategy; it isn't! It's an approach that many corporate traders use. So I feel very comfortable to say this approach is genius.
It's vital to remember that no strategy works perfectly in every situation, and our approach is about teaching real, practical technical analysis, not claiming infallibility. However, our public trade record, which uses a variety of technical tools, shows a strong winning ratio, providing practical evidence of our strategy's effectiveness. Thousands of our students are testament and testimonials of this fact.
I appreciate your engagement and the opportunity to clarify these points.
Thanks for this i have learnt something new. I like it.
I'm so glad to hear that you found value in the content! It's always rewarding to know that viewers are learning and benefiting. Stay tuned for more insights and happy trading!
Prof... How to know if the SMA is steeply pointing upwards or downwards? Do you use naked eyes to determine that?
Yes indeed! Also try to have an average of 200 bars on your chart. That way you won't spread it too much and the slope of the average will be preserved.
Hello Sir the examples you were showing i saw you used 30 SMA on one chart and 30 WMA on another.So which one you suggest to use?
Hello! Great observation. Both the 30 SMA (Simple Moving Average) and the 30 WMA (Weighted Moving Average) have their own merits. The choice between SMA and WMA often comes down to personal preference and the specific characteristics of the market you're trading.
The WMA gives more weight to the recent prices, making it more sensitive to recent price action. On the other hand, the SMA gives equal weight to all data points, offering a smoother overview of the market trend over the period.
For the strategies I demonstrated, you can experiment with both to see which aligns better with your trading style and the particular asset you're trading. It's always a good idea to backtest any strategy with both types of moving averages to determine which one offers better signals for your specific scenario.
Remember, there's no one-size-fits-all answer in trading. It's all about finding what works best for you. Happy trading!
I'm catching entries well Sir using this strategy. Thanks for it. But where should I place TP? Thank you. I'm intra day trader.
Sorry but I don't know what you mean by "TP". Please clarify. Thanks!
@@TechnicalAnalysisInstitute I mean where to place Take Profit?
@@renaldshirima8989 From your question it is obvious to me that you're not referring to the particular strategy taught on this video since there are no targets involved.
Perhaps you're looking for answers to a more general question as an intraday trader. So I would address you to explore the many systems to take profits that intraday traders use. Look into historical levels of support and resistance, Fibonacci extensions and retracements, Average True Range, etc...
Hi can it be used in forex,commodities or cryto? Still confused with the closing of the trade. Is it only apply to buy only? Thank u so much sir.
Yes, the strategy can be applied to forex, commodities, and crypto markets. It works for both buying and selling positions. Just invert the instructions. You may need to watch the video again to understand how to close the trade.
Thanks for your question!
Its a very interesting video sir, really appreciate it...however if u have the time, care to share more on how to exit the trade? Coz im trying to figure it out but still confusing, from profitable to unprofitable just to follow the relative low 😁. Thanks
Can you show situations where there was SL? Also, what is the the Win ratio and RR of this strategy typlically? Thanks so much for the content
Thank you for your comment. In the video, I did go over where to place the stop losses during the trade examples. It's crucial to ensure we manage our risks adequately. Please re-watch those sections for clarity.
As for the Win Ratio and Risk-Reward (RR) of this strategy, it varies depending on the person, market conditions and timeframe. I recommend back-testing it for your specific use case to get an accurate measure. Thanks again for your engagement, and let me know if you have any more questions!
Thank you for your response …will check it out
@@TechnicalAnalysisInstitute he asks to show a losing trade also, not just a winning trade.
I watch the video twice and no stoploss was mentioned or shown?@@TechnicalAnalysisInstitute
Keep Adding new Concept, you are superb, thanks a lot ❤❤❤❤
Thank you so much for the kind words and support! I'm committed to continuing to share valuable insights and concepts. Stay tuned for more, and happy trading! ❤️
Hi,
The strategy is well explained ,are you using it specifically for Buy entries or for Sell as well?
All strategies we teach can be applied to all assets in both bull and trend markets. That's because technical analysis is universal.
i agree Best trading channel so far specially for learners like me
Thank you for your kind words. It's fantastic to hear that our channel is serving as a valuable resource for your trading education. We're committed to providing clear, concise, and actionable content that can help traders of all levels improve their skills. Keep learning and happy trading!
This reminds me of the good ol days
Ah, nostalgia! It's always great to revisit strategies that have withstood the test of time. If you've used something similar in the past or have any insights to share from your "good old days," we'd love to hear about it! It may be my age but I'm still attached to the old approach. Happy trading!
for me i use 50 and 100 SMA for my "trading window" and only trade stocks that are in uptrends, and i use 10 and 20 EMA to decide whether to buy or sell, usually i always sell if price overextend from 10EMA or fall below 20EMA
Wonderful!!! That's a solid approach! Using the 50 and 100 SMA to define the overall trend and then utilizing the 10 and 20 EMA for timing entries and exit points can indeed be effective.
Thanks for sharing your method with our community, and I hope you continue to find success with it. Happy trading!
Hi may I please ask how long you've been using this strategy and has it been profitable for you?😊
@@Jeff-ox4og yes it has, of course i have my own down days and those days give me hard lesson about risk control, my strategy are inspired by oliver kell and my risk control method i learn from mark minervini, both are champions of the US Investing Championship. to be honest i am still a newbie with just a one and half year of experience, i always do my own research and i fell in love finding new trading ideas and concept.
@@Jeff-ox4og I appreciate your question to @alessavictoria and I would like to pitch in if I may... It’s important to remember that the outcomes of a strategy are highly individualized and not necessarily repeatable across different traders.
It's crucial to understand that the effectiveness of any trading strategy hinges on a myriad of factors. These include the context in which it's applied, thorough prior analysis, the amount of capital involved, the sizing of positions, the trader's ability to mitigate risks, and their personal risk tolerance. Additionally, factors such as trade management, the individual's psychology, and their unique approach to the markets play a significant role.
I even posted a video on how trading sizing can help eliminate the risk of a position entirely and as a result increase the profitability of any strategy. You can watch it here: th-cam.com/video/T5dKTYkLDUM/w-d-xo.html
After you see that video you'll realize that the positive outcome of a strategy is not the strategy in itself.
I encourage you to consider these aspects when evaluating or applying any trading strategy, and always approach trading with a mindset that embraces learning and adaptation to your unique circumstances. Thank you for allowing me to be part of the conversation. Happy trading! 😊
When you trade in lower time frame you should use higher SMA. 200 SMA is good for 1 m. 100 SMA is good for 3m&5m. 50 SMA for 15m and so on
how would i know when the market is shifting from uptrend to either consolidation or downtrend phase? you only showed buy examples.
You're absolutely right; such a comprehensive topic requires a deeper dive than a simple comment can provide. Recognizing market shifts involves understanding various technical signals, patterns, and sometimes combining multiple indicators. I've touched upon this in several of my videos. Stay tuned, as I plan to address such topics in more detail in future videos. For now, I'd recommend revisiting some of my previous content and paying close attention to trend reversals and consolidation patterns. I strongly suggest you go through the Live stream recordings from last week where I gave detailed explanations on identifying trend reversals. You'll find the recordings under
www.youtube.com/@TechnicalAnalysisInstitute/streams
Thanks for your insightful question!
@@TechnicalAnalysisInstitute thank you very much for your teachings.
Very nice strategy!
Glad you found it useful.
Great knowledgeable , totally enjoyed.
I'm thrilled to hear you enjoyed the content and found it informative! If you have any more questions or topics you're curious about, feel free to reach out. Happy trading!
sir. Simple yet amazing. But may I request you to create the same strategy using the traditional Japanese candlesticks rather than the bars? That would be even more helpful io understand the concept of the relative lows. MAKE ANOTHER VIDEO OF HOW CHECK VOLUMES
Thank you for the positive feedback and the valuable suggestion! I completely understand the appeal of using traditional Japanese candlesticks as many traders are more familiar with them.
I'll take your suggestion into account and consider creating a video explaining the strategy using Japanese candlesticks.
As for the volumes, that's a great topic too! I'll definitely think about creating a dedicated video on how to assess and incorporate volume into trading strategies.
Stay tuned, and thanks for being a part of our community!
Boa Tarde:
No intraday 15 minutos pode se operar vendido quando o primeiro candle vermelho fechar abaixo da media aritmética de 30 períodos.
Boa tarde! Thank you for your question. Yes, in a 15-minute intraday timeframe, going short when the first red candle closes below the 30-period moving average can be a part of your trading strategy. However, the moving average must be pointing down!!
Always ensure to combine this with a thorough analysis, other indicators or a confirmation of trend reversal for a stronger signal. Be mindful of risk management and happy trading
When you trade in lower time frame you should use higher SMA. 200 SMA is good for 1 m. 100 SMA is good for 3m&5m. 50 SMA for 15m and so on
(SMA) Smoothed? Or Simple
😅@@conleighstafford9147😊
@conleighstafford9147
SMA = Simple Moving Average
SMMA = Smoothed Moving Average
EMA = Exponential Moving Average
LWMA = Linear Weighted Moving Average.
Whats your result?
@@bangjo4148 perfect result. In the small time frame you need stronger SMA that support your strategy
all content from this channel is very useful thanks
Thank YOU so much for your kind words! I'm thrilled to hear that you find the content useful. Your support means a lot to me. If there's anything specific you'd like to see in future videos, please feel free to share your ideas! We will soon start a series on Elliott Waves. Stay Tuned!!!
Hi Sir. This is a nice concept. You are mentioning SMA in the content but charts in WMA. Which one is the base of this strategy? Thanks.
Thank for your feedback. I'll probably make another video explaining it because if you read the previous comments this question has popped many times.
Both SMA and WMA can be applied with this strategy. While some of the charts show WMA, the principles explained are based on SMA. The primary difference between the two is how they're calculated: SMA gives equal weight to all prices, while WMA gives more weight to recent prices. Depending on your trading preference, you can choose either. Both will yield slightly different signals, but the core concept of the strategy remains consistent. Happy trading!
@@TechnicalAnalysisInstitute thanks for quick reply. I went for few messages back but couldn’t find, sorry for the that. In this case I can have second question. Let’s I implement both sma 30 and Wma 30 into my chart and I realized Wma line follows more closely to my candles rather than sma. Should i consider the closer following one for better trading decisions ?