Hi I am from India, I must say you are a great mentor..enjoyed your video and learn a lot from your videos..and today what you told about LT and WT just. Open my mind...Big thank you and hope you do great in life...
Following you for last few years Sir. You are amazing personality and great educationist in the field. Thanks a lot for everything you are providing to entire community.
Better than RSI is MFI..Money Flow Index. MFI is based on volume AND price. It gives clearer divergence signals. It is roughly equivalent to the market delta consideration. Also..two candles before your hammer candle is the candle I use..the doji at the bottom or top. Fill that doji top wick long and you've got your trade upwards. The doji fill is the key for me.
Best strictly to the point video I have seen so far. Simple, concise and a great guidline for reversal traders. I am a total reversal trader no matter how I try to fight it.
Glad to see your channel doing well. The content of this video reminds me of the old adage, "you can lead a horse to water, but you can't make it drink". I'm the horse. Thirsty as hell. Been led to a river many times. I take only sips water and leave, still thirsty. Only a matter of time before I die of dehydration.
Hi Steven, one question, how you manage waiting.? 1: After you take entry, what u do? Just close laptop and go? 2: after your first trade, how do u wait for the next opportunity? 24 hours in front of computer? Please explain.
Mark a trend line off first two swings of a trend and draw the corresponding trend channel line. When the trend line breaks, there will be an attempt, which is usually successful, to put in a new extreme. After that, look for a reversal pattern above an EMA on your chart. I use a 20 EMA. The reversal should be a strong push through the EMA ...enter on the 2nd failure to resume the previous trend. No indicators needed...just price action. If you don't get the reversal, you'll get a sideways correction with a likely resumption of the trend....these corrections can last a llllooonnnngggg time, so be patient.
I avoid getting stopped out by using buy stops or sell stops on reversals. If I am looking to buy. I look for a pattern forming like double bottom or or reverse head and shoulders. I put my buy stop above the wicks of red candles not green as the pattern is being formed or half completed while keep move the buy stop lower and lower as I see wicks form from new candles. Put my stop below the pattern. I also use 20 ma and if I see a pattern already completed you place your buy stop above the 20 ma if the price is currently hugging it below and with a wick pushing downwards.
@@oumaimaoumaima8743 I learned how to trade only through TH-cam from this awesome trader Steve. I just started tho. And I'm hitting my target. So, it's very possible to learn frm TH-cam.
Started fallowing you, your videos are simple to fallow and understand. I'm new to day trading and hoping to get the hang of it so I can start trading. Keep those videos coming!!
You're the best lecturer on youtube I've learnt a lot from you thank you so much, I don't know if your TTC trading course work for people not trading forex
Best video ever ..... for those who are confused thinking this doesnt make sense or it is difficult .... just go to the guys tutorial about how to use RSI and come back you'll thank me later
Hats off to u bro. Your way of teaching is very simple than other i improve my all mistakes to following your trading tips thanks a lots god bless u always. U r genius bro
I always get excited everytime you post a new video. Back then I was consistently losing money everytime I place a trade and then I saw your break and re-test with 20 EMA and backtested it for 1year per pair and then I was shocked by the result and then I applied it in my live account and right now I am seeing some improvements. I've been a mentor-less ever since I started trading and all I did was watched your videos infact I even implemented your CEST on all my trades. Hoping to see some more free high quality content from you in the near future.
Am much impressed by the kind of information you are giving out for free. This means you are teaching mysteries of forex on your EAP training looking forward to join soon.... Thank you..
Great content. I literally used the same strat on USDCAD later on December 7~8 to go long. Right after ur second trade on this video. Price was coming down on 4h, reached to OTZ, RSI oversold, (also touched 200 ema), then on 1h chart RSI was indicating divergence, and there were double bottom followed by huge bullish candle.
Hi Steven Just wana say Thank you so much from my heart you help me alot and from your vedio i learned alot You are the best teacher from TH-cam i wish one day i can say thank you in face to face
As long as i'm profitable this week and so far i am it will make 6 out of the last 7 weeks,(personal Record). It's all thanks to you and Rayner Teo. I just wanted to say thanks if you see this. And to any new traders watching, When he talks about risk management he ain't friggen kidding. it's SIGNIFICANTLY more important than anything else. hopefully you wont have to learn that lesson too many times.
Keep it up man! I'm new to crypto investing/trading and it's a breath of fresh air to have someone that's interested in teaching us newbies instead of just schilling coins.
10:47 This is a risky counter trend trade for a beginner.... NEVER GO SHORT ABOVE THE MOVING AVERAGE. 14:15 The rule is never counter trend trade..... Always trade with the trend.
Best thing you can do is learn pine script and write all frecking info in it. Then form strategy entries,. Then backtest. Voila No more mindset involved, welll not entirely, but its a start
Hi I’m really appreciate your work and I correct my mistakes after I watched your video and then do you create any course about price action based course if yes please let me know I have more interest to learn more about market thanks u
And your second trade downward also had a doji at the top that had it's lower wick broken downwards which is where the real long down trade started. Check it out.
Hey Steven, I'm a big fan and follower of your whole videos, but i'm asking you, if you can please share with us your trading plan spreadsheet, we would be more than grateful to you. Thanks♥️♥️
Thank you for consistently sharing your knowledge with us. highly appreciated please doing it its the only way for us to learn as we dont afford the EAP program
Steven is brilliant and rule based emphasis. Discipline for rule based is difficult if one depends too much on market for income because young people like Steven makes money other than the market directly easier compared to the older generation. Nevertheless, thanks for emphasizing on rule based approach and RISK MANAGEMENT because it is easy to forget and become too emotional in buying or selling.
It is all emotion guys ,i manage to follow these rules to the exact and the first 10 trades i won 3 and lost 7 .It is very different living the results in real time.You need to push pass and dont give up.Imagine i have been watching loads of videos the past 2 years about psycology the importance of sample sizes and how short term negetive results can effect your motivation and start self doubt and the eagerness to want to move to another strategy,And still even watching countless hours and warned about this aspect of trading the emotional aspect is overwelming (my grammar is trash i know ,thank you).Try push for 100 trades before making any conclusion (even that is not a large sample but it is a start) .I have backtested a startegy for around 3,000 trades and and is profitable and i still cant manage to stick to it .
Am fortunate enough to discover this channel out of thousands of utube channels offering trading tutorial.
Thank you Mr. Steve
Hi I am from India, I must say you are a great mentor..enjoyed your video and learn a lot from your videos..and today what you told about LT and WT just. Open my mind...Big thank you and hope you do great in life...
Following you for last few years Sir. You are amazing personality and great educationist in the field. Thanks a lot for everything you are providing to entire community.
Mad respect to Steve and his awesome teachings Mehn lots of love and respect from young traders in Kenya east Africa 🇰🇪🇰🇪🇰🇪
Bro just made price action even easier
great teacher. I have spent alot of money on this same information you just gave. Thank you.
Thank you dude for be so unselfish and wanting others to succeed!
Better than RSI is MFI..Money Flow Index. MFI is based on volume AND price. It gives clearer divergence signals. It is roughly equivalent to the market delta consideration. Also..two candles before your hammer candle is the candle I use..the doji at the bottom or top. Fill that doji top wick long and you've got your trade upwards. The doji fill is the key for me.
Very well done video, Easily explained and easy to understand
I have been an LT but with your tutoring from this vid, i believe i will be a PT with God's Blessings.
Thanks
Best strictly to the point video I have seen so far. Simple, concise and a great guidline for reversal traders. I am a total reversal trader no matter how I try to fight it.
possibly... one of the top 5 most informal channels pertaining to valuable information and knowledge, that I know of.
Glad to see your channel doing well. The content of this video reminds me of the old adage, "you can lead a horse to water, but you can't make it drink". I'm the horse. Thirsty as hell. Been led to a river many times. I take only sips water and leave, still thirsty. Only a matter of time before I die of dehydration.
LOL
Shout out from Mr. Losing Trader's Brain. OTA messed up our trading with silly foundations. This is all so new. Thank you
i always watching your videos it is a big help for my technical analysis i wish you make a videos about foundemental analysis too 😄
Steve's videos are some of the BEST videos I have seen online.
This is for anyone looking to trade with a true trading system in place!
I fully agree with you about the losing traders brain and profiting traders brain✌️
Hi Steven, I have been using your videos for about 2 months now and you have helped me heaps mate. Thankyou for all that you do.
Hi Steven, one question, how you manage waiting.?
1: After you take entry, what u do? Just close laptop and go?
2: after your first trade, how do u wait for the next opportunity? 24 hours in front of computer?
Please explain.
Good teaching. Keep it up, sir
Earned 5k Indian rs first time in my trading career just got possible because of you Steven love you 3000
Hello. You just spoke about everything am doing wrong. Taking profit early, changing stop losses. Risking alot etc.
This is the best channel ever.
How I wish I could afford for your training 😀. I always get excited any time I see your update
Boss man you are the best I have ever seen on TH-cam infact you are the greatest of all time
Mark a trend line off first two swings of a trend and draw the corresponding trend channel line. When the trend line breaks, there will be an attempt, which is usually successful, to put in a new extreme. After that, look for a reversal pattern above an EMA on your chart. I use a 20 EMA. The reversal should be a strong push through the EMA ...enter on the 2nd failure to resume the previous trend. No indicators needed...just price action. If you don't get the reversal, you'll get a sideways correction with a likely resumption of the trend....these corrections can last a llllooonnnngggg time, so be patient.
Wonderful. God bless you!
I don't get it
Pure price action trading i like that. I also use the 20 EMA. I would like to see this trade in action,it looks interesting
@Frangucci Trend lines are lines you draw yourself, the candles highs or lows depending on direction, will line up with the trend lines you draw
trend lines are imaginary things 🙄
You are a great trader as well as a great teacher. You are a diamond❤
Really blows my mind watching your videos, great stuff
Thanks for all you do for the community. You are a great teacher, and you simplify information
I avoid getting stopped out by using buy stops or sell stops on reversals. If I am looking to buy. I look for a pattern forming like double bottom or or reverse head and shoulders. I put my buy stop above the wicks of red candles not green as the pattern is being formed or half completed while keep move the buy stop lower and lower as I see wicks form from new candles. Put my stop below the pattern. I also use 20 ma and if I see a pattern already completed you place your buy stop above the 20 ma if the price is currently hugging it below and with a wick pushing downwards.
This is awesome Steve! I'm beginning to win more of my trades since I started following your content...Thank you
Please can I learn trading just by following youtube channels or it is necessary to take courses??
@@oumaimaoumaima8743 utube videos + must read books about trading +practice with small account.
@@smallcirclesyts thanks
Pls take a course..
Not TH-cam at all
TH-cam serves as your aftertaught course
@@oumaimaoumaima8743 I learned how to trade only through TH-cam from this awesome trader Steve. I just started tho. And I'm hitting my target. So, it's very possible to learn frm TH-cam.
Excellent video great job explaining this im gonna try this out
Just lost money. Here to study and learn and hopefully mitigate those mistakes. Great content.
Started fallowing you, your videos are simple to fallow and understand. I'm new to day trading and hoping to get the hang of it so I can start trading. Keep those videos coming!!
Love this guy, he explains well and simply
Great explanation and in-depth video
Since I started watching your teachers bro I really feel blessed 🙏🙏🙏🙏🙏
I always learn something with you, great video. Thanks!
You're the best lecturer on youtube I've learnt a lot from you thank you so much, I don't know if your TTC trading course work for people not trading forex
Best video ever ..... for those who are confused thinking this doesnt make sense or it is difficult .... just go to the guys tutorial about how to use RSI and come back you'll thank me later
Amazing Explanation... - India 🇮🇳
Hello brother ... watching this video from india....i learned some technical skills from your video..... thanks for sharing your knowledge
Man oh man have I strayed away from this amazing detail.. getting back to my rules!!! Well, Stephen's rules lol!
Fantastic way of teaching thank you
My dream is to join your university OMG your my biggest Idol Bro
Awesome strategy, i also follow the same strategy , but something new from your channel. thanks
Thank you. Excellent training series!
Hats off to u bro. Your way of teaching is very simple than other i improve my all mistakes to following your trading tips thanks a lots god bless u always. U r genius bro
I always get excited everytime you post a new video. Back then I was consistently losing money everytime I place a trade and then I saw your break and re-test with 20 EMA and backtested it for 1year per pair and then I was shocked by the result and then I applied it in my live account and right now I am seeing some improvements. I've been a mentor-less ever since I started trading and all I did was watched your videos infact I even implemented your CEST on all my trades. Hoping to see some more free high quality content from you in the near future.
Do u have the link to the video u are referring to ?
This is am awesome testimony...
Fortunately am just discovering his videos. 20:15
At least you were consistent 🎉
sorry mate just kidding
I've been watching your videos for a while now and all are thoughtful but this one tops them all 👏🏻👏🏻👏🏻👏🏻
Am much impressed by the kind of information you are giving out for free. This means you are teaching mysteries of forex on your EAP training looking forward to join soon.... Thank you..
Great content. I literally used the same strat on USDCAD later on December 7~8 to go long. Right after ur second trade on this video. Price was coming down on 4h, reached to OTZ, RSI oversold, (also touched 200 ema), then on 1h chart RSI was indicating divergence, and there were double bottom followed by huge bullish candle.
What period of RSI are you using??
Great teaching as always👍🏾
I would add to the brain part, consistent routines. Journaling, forecast, reviews.
This guy is really impacting knowledge. God Bless you real good bro
Love this channel!
Thank u. Loved the video! What were you’re RSI settings for this?
Your really great and I love watching your videos
You are our great teacher dear God bless you
How do you establish where OTZ begins and where it ends ?
Thanks a lot for the video - very edifying.
best teaching i ever found.god bless u bro
Hi Steven
Just wana say Thank you so much from my heart
you help me alot and from your vedio i learned alot
You are the best teacher from TH-cam
i wish one day i can say thank you in face to face
As long as i'm profitable this week and so far i am it will make 6 out of the last 7 weeks,(personal Record). It's all thanks to you and Rayner Teo. I just wanted to say thanks if you see this. And to any new traders watching, When he talks about risk management he ain't friggen kidding. it's SIGNIFICANTLY more important than anything else. hopefully you wont have to learn that lesson too many times.
Keep it up man! I'm new to crypto
investing/trading and it's a breath of fresh air to have someone that's interested in teaching us newbies instead of just schilling coins.
steven .thanks for the valuable insight ,you are a market wizard .merry christmas
Great channel you made my trading journey so sugary ❤️❤️❤️
where's the list for one of the best TH-cam channels??Not hating I love this channel I'm just asking to see.
do you have a video where you explain the rules for creating OTZs ? Love this content. Thank you for making this video.
Amazing learning...even i would like to you that once you have defined the support level...how do you draw the zone?
Powerful stuff Steven !!!
10:47 This is a risky counter trend trade for a beginner.... NEVER GO SHORT ABOVE THE MOVING AVERAGE.
14:15 The rule is never counter trend trade..... Always trade with the trend.
Simple yet powerful. Cheers from Istanbul...
This is an awesome strategy. Thx for sharing? How are you finding stocks that hit this criteria to setup your screeners to identity stocks?
You r good man. And so honestly told , Thanks for giving hidden information by your trading experience. 😍😍☺
Wow one of the best channel I've seen on TH-cam I love your work ❤️ ✊🏽
He is fantastic
best teacher so far
Best thing you can do is learn pine script and write all frecking info in it. Then form strategy entries,. Then backtest. Voila No more mindset involved, welll not entirely, but its a start
This is GOLD. Thank you TTC
Hi I’m really appreciate your work and I correct my mistakes after I watched your video and then do you create any course about price action based course if yes please let me know I have more interest to learn more about market thanks u
Brilliant videos i am bran new to trading and you are amazing at simplifying things making the information really easy to take on board.
And your second trade downward also had a doji at the top that had it's lower wick broken downwards which is where the real long down trade started. Check it out.
Hey Steven, I'm a big fan and follower of your whole videos, but i'm asking you, if you can please share with us your trading plan spreadsheet, we would be more than grateful to you.
Thanks♥️♥️
Thanks man..... Your a PATRIOT!👍
Really liked this strategy, same trade I made good rewards last week.
Thank you! This was so helpful! how do you suggest we find reversals during all time highs and lows?
Great objective lesson! Can you elaborate on how you define the width of your support and resistance zones?
The most recent swing high and the body of the candlestick
If you're day trading and on your higher timeframe that's where you plot it
Thank you for consistently sharing your knowledge with us. highly appreciated please doing it its the only way for us to learn as we dont afford the EAP program
Steve the GOAT
Another awesome video from my mentor to be,, thanks bossman 4 always been real 👊🏿
Your videos are so well said sir…. I would love to see a couple of your top cad pairs
I would heavily appreciate seeing those analysis’s
Valuable advices and super strategy! Thanks for sharing,
FIRE VID 🔥
Very well explained, thank you 🙏🙏
You are amazing. God bless you Brother
Thanks very much 🙏
Great content I appreciate how you break it down. I wish we can see more samples of OTC
Steven is brilliant and rule based emphasis. Discipline for rule based is difficult if one depends too much on market for income because young people like Steven makes money other than the market directly easier compared to the older generation. Nevertheless, thanks for emphasizing on rule based approach and RISK MANAGEMENT because it is easy to forget and become too emotional in buying or selling.
It is all emotion guys ,i manage to follow these rules to the exact and the first 10 trades i won 3 and lost 7 .It is very different living the results in real time.You need to push pass and dont give up.Imagine i have been watching loads of videos the past 2 years about psycology the importance of sample sizes and how short term negetive results can effect your motivation and start self doubt and the eagerness to want to move to another strategy,And still even watching countless hours and warned about this aspect of trading the emotional aspect is overwelming (my grammar is trash i know ,thank you).Try push for 100 trades before making any conclusion (even that is not a large sample but it is a start) .I have backtested a startegy for around 3,000 trades and and is profitable and i still cant manage to stick to it .
Thank you so much! your video's are so helpful 😄
Hello friend will u please tell some top trusted brokers
bro i really enjoy your videos. very detailed and fun aswell. i've learnt alot. Make more videos bro. appreciate you bro!
This is awesome from You, Steve,. Thanks a million.