MALAYSIAN SNR FULL STRATEGY NO BS 2024
Summary
TLDRThis video tutorial delves into the concepts of support and resistance areas in trading, offering insights on how to identify and utilize these zones for profit-taking and anticipating market movements. The presenter emphasizes the importance of recognizing high momentum trades and provides practical examples using SNR (Support and Resistance) indicators. Viewers are guided on setting stop losses and identifying entry points, with a focus on confirming breakouts on lower timeframes for safer trading decisions. The content is educational and not financial advice, highlighting the need for personal risk management.
Takeaways
- 😀 The video aims to educate viewers on how to use support and resistance areas in trading.
- 👍 The presenter encourages viewers to subscribe to not miss out on future videos.
- 📈 Support and resistance areas are identified as barriers or 'ceilings' and 'floors' where prices struggle to break through.
- 📊 Resistance areas are typically marked by an up candle followed by a down candle, and support areas by a down candle followed by an up candle.
- 🔍 Momentum is an important factor when identifying these areas, especially for high-momentum trades.
- 🚫 Not all visible areas on a chart should be used; it's crucial to know where and when to apply them.
- 🎯 The presenter uses specific examples, including Ethereum's price movements, to illustrate the concepts.
- 📝 A standard stop loss of 30 or 35 pips is suggested for risk management in the current market conditions.
- 🔄 The video discusses scaling down to lower time frames for confirmation of trades and entry points.
- 📉 The presenter anticipates a sell and explains how to identify potential entry and exit points using support and resistance areas.
- 💡 The video concludes with a reminder that the content is for educational purposes only and that trading is at the viewer's own risk.
Q & A
What is the main topic of the video?
-The main topic of the video is explaining how to use support and resistance areas in trading, as well as how to determine take profit levels and anticipate market movements.
What does the acronym 'SNR' refer to in the context of the video?
-In the video, 'SNR' refers to Support and Resistance, which are key concepts in technical analysis for identifying price levels where the asset's price tends to stop and reverse.
How is an area of resistance typically formed according to the video?
-An area of resistance is typically formed by an up candle followed by a down candle, marking the first candle as the point of resistance regardless of any gap up in the following candle.
What is the importance of momentum when identifying support and resistance areas?
-Momentum is important as it helps to confirm the strength of the support or resistance level. A strong momentum in the direction of the support or resistance indicates that the price is struggling to break through that level.
What does the video suggest for a standard stop loss in trading?
-The video suggests a standard stop loss of 30 or 35 pips, especially when trading in areas that are forming an all-time high, due to the uncertainty of where the price might retrace or reverse.
Why is it recommended to look for confirmations on lower time frames?
-Looking for confirmations on lower time frames is recommended to validate breakouts or reactions from support and resistance areas, especially when the higher time frame areas have been tapped.
What is the significance of the phrase 'your money, your own rules' in the context of the video?
-The phrase 'your money, your own rules' emphasizes that any trading decisions made by the viewer are their own responsibility, and the information provided is for educational purposes only, not financial advice.
How does the video suggest traders should approach scaling into trades on lower time frames?
-The video suggests that traders should scale into trades on lower time frames based on their comfort level and by using the breakouts or reactions from support and resistance areas as entry points, with a stop loss set accordingly.
What is the potential target for a sell trade as described in the video?
-The potential target for a sell trade, as described in the video, is an area of support where the price is anticipated to find a bounce, using the previous highs and lows as reference points.
What does the video imply about the importance of not using every identified support and resistance area?
-The video implies that it's crucial to discern which support and resistance areas are relevant for trading and not to use every single one identified on the chart, as some may not be significant or valid in the current market context.
How does the speaker use the example of Ethereum to illustrate the trading concepts discussed?
-The speaker uses the example of Ethereum's price action to illustrate the concepts of support and resistance, showing how the price struggles at certain levels and how traders can use these levels to anticipate potential trades and set their stop losses.
Outlines
📈 Introduction to Support and Resistance Trading
The speaker begins by encouraging viewers to like the video and subscribe to the channel for more content. They introduce the topic of the video, which is to explain the concept of support and resistance areas in trading, as well as how to identify profitable trade opportunities. The speaker emphasizes the importance of understanding these areas for successful trading and provides a brief overview of what will be discussed in the video, including the formation of support and resistance areas and how to use them effectively.
📉 Detailed Explanation of Support and Resistance Formation
In this paragraph, the speaker delves deeper into how support and resistance areas are formed in the market. They explain that resistance areas are formed by an upward price movement followed by a downward movement, indicating a barrier that prices struggle to break above. The speaker clarifies that the resistance area is marked from the first candle, regardless of any gaps in the following candles. Similarly, support areas are identified by a downward candle followed by an upward candle, showing where the price finds a base to bounce back. The importance of momentum in these areas is highlighted, with the speaker advising traders to focus on trades with high momentum for more reliable signals.
🚀 Trading Strategy and Entry Points Using Support and Resistance
The speaker discusses a specific trading scenario, using the concept of support and resistance to identify entry and exit points for trades. They mention a standard stop loss of 30 to 35 pips, especially in a volatile market environment where an all-time high is being formed. The speaker provides an example of a trade setup, explaining how to identify potential targets based on support areas and how to scale down to lower time frames for confirmation of breakouts. They also touch on the importance of not using every visible support and resistance area but rather selecting those that are most relevant and have been tested by the market.
📉 Risk Management and Confirmation of Trade Setups
In the final paragraph, the speaker continues to elaborate on the trading strategy, emphasizing the importance of risk management and confirming trade setups. They discuss the use of lower time frames to validate breakouts from resistance areas and to identify potential entry points for trades. The speaker also provides an example of a second entry point after a breakout, explaining how to use open and close prices to determine the strength of the resistance area. They conclude by reminding viewers that the information provided is for educational purposes only and that any trading decisions are at the viewer's own risk.
Mindmap
Keywords
💡Support and Resistance
💡Profit Taking
💡Momentum
💡Candlesticks
💡Rejection
💡Breakout
💡Stop Loss
💡Pips
💡Time Frames
💡Liquidity
💡Confirmation
Highlights
Introduction to the video with a goal to reach 100, 200, or 500 likes depending on the number of views.
Explanation of how to use support and resistance areas in trading.
Importance of subscribing for updates on trading strategies.
Recap on the formation of support and resistance areas (SNR) for new viewers.
Description of resistance areas as barriers where prices struggle to break above.
Technique for marking resistance areas using the first up candle followed by a down candle.
Explanation of support areas marked by a down candle followed by an up candle.
Emphasis on the importance of momentum when trading with support and resistance areas.
Strategy for using high momentum trades to identify potential support and resistance areas.
Advice on not using every visible area on the chart but selecting significant ones.
Discussion on the current market situation with Ethereum crossing 3,200 and its implications.
Guidance on setting stop loss at 30 or 35 pips in high volatility situations.
Use of daily area resistance for identifying potential sell opportunities.
Method for confirming breakouts and entries using lower time frames.
Strategy for scaling trades on lower time frames for comfort and risk management.
Example of a potential sell continuation and how to target it using support areas.
Final thoughts on using the presented SNR method for trading and seeking further educational resources.
Disclaimer that the content is for educational purposes only and not financial advice.
Transcripts
welcome back welcome back welcome back
to another video let's get this to 100
likes or 200 or 500 likes depending on
how many views we get maybe 20K views
who knows so anyway let's begin let's
begin let's begin so today I'm going to
give you that's just an edification to
what we discussed on previous videos
right I'm going to show you uh
exactly how to use support and
resistance areas right and also how to
know where to take profit and also how
to anticipate all right but the first
thing the first thing let's let's just
start let's just recap because some of
you may be new so if you're new make
sure that you hit the Subscribe button
so that you don't miss out in any other
videos so if you
are if you are an old subscriber not an
old if you already here before I don't
know how to call it man welcome back
welcome back welcome back so anyway
let's let's let's let's just quickly
discuss um SNR right let's just quickly
discuss discuss how it's formed
because it's going to be important for
for for for you for you to know this so
that we we can be able to explain
everything properly all right I'm just
going to explain everything here and I'm
going to explain
um how to how to use it
rather should have just left this one
here
um yeah something like that let's Lo the
phone okay okay so basically basically
um this right here this right here is
your area of resistance right and then
the one on the right is your area of
support So how do these areas form right
let me just quickly label them uh
resistance and then this area right here
is an area of support right Malaysian
SNR SNR both of them right here are just
SNR right SNR so we're going to explain
them in in detail right we're going to
explain them in detail so for us to
create an area of resistance right an
area of resistance is basically just a
barrier right a barrier or some some we
call them the roof or the ceiling
whatever they want to call them but it's
just a barrier like an area where
prices is not um willing to break above
right so how how is this area formed
usually we see it being formed by an up
candle and then a down candle so how do
we mark it up we mark it up from this
first candle right here right this first
candle right there this is where you
mark up your area of resistance it
doesn't matter if price gaps up on this
following candle this why you mark it up
you don't mark it up on the highest
candle you mark it up on the first
candle right the first candle being this
one right here right there this where
your area of resistance will be it
doesn't matter if it gets down right
here and closes here that's where your a
of resistance will be right hopefully uh
you understood that but in most cases
you'll find it similar to this one so an
area of support is basically just a down
candle followed by an up candle right
and it's very important that you also
focus on momentum right but it does not
mean that all the time it's going to be
strictly um dependent on on the momentum
of this following candle but most
importantly you you need to focus on um
trades which have um High momentum right
so just like with this one just like
with this resistance it's a buy so
usually you'd want to to see something
like that a momentum to the downside
just to show you that uh price is really
struggling to to break above and then
this momentum shows that price is
willing to go lower just like with here
price is it's it's having a difficult
time trading lower so
it got like an area it's being supported
to to go higher so anyway um let me see
let me see let me see how's this I'm
just checking my phone right now so
ethereum crosses
3,200 okay so fine hopefully you got
that in mind right I'm not going to go
into detail but also remember don't just
use any area that you see it's also
important to know where to use these
areas right here just because because
you see them on the chart does not mean
you should use every single one so
anyway let's just let's just continue
and do and get into the video because
right now I'm anticipating a sell okay
fine what happened here we have this
daily area right here where we have a
buy and then a sell right you can see
based on this week that price is
actually really struggling to go higher
so even closed bearish right although I
did show you an example of um a
resistance area being formed with a
bearish candle closing below this fast
candle right here still it's a valid um
it's a valid uh area of resistance just
because of this uh momentum that we we
seeing here the rejection that we seeing
here so what you do in this case right
if if you are a risk Trader right I
always say that uh my standard stop loss
is 30 Pips or 35 Pips just because right
now we are in an area whereby we are
still forming an alltime high so we we
are not really sure where price is
actually going to stop and give us a
retracement or reversal so standard 30
Pips so you could be stopped out I don't
know you could be stopped out uh let's
just say 30 Pips around here so you just
take the trade right there and then for
potential targets targets always focus
on areas of support right an area of
support would be here so you would be in
a sell anticipating that it would find
support from here why am I saying here
because I know you're looking at this
candle thinking that it tapped this area
but I don't think it necessarily tapped
that area if we zoom in as you can see
this area is still fresh we haven't yet
tapped it so it's your potential Target
and then this low can be used as
liquidity right but for those of you who
would like to uh get in with a proper
confirmation you can basically just
scale down to lower time frames right
lower time frames I would say I'm not
really sure where this uh this day start
let's see the Toth Friday already tapped
here let's go to lower time frames I
just want to make it uh very very simple
let's see this started here right 15th
the 15th tapped the area of resistance
right here the daily resistance right
this is today is it today today's the
15th right am I wrong yeah yeah yeah so
we tapped this area right here I'm
basically just waiting for this candle
to close we'll talk about that in a few
minutes so our focus is right here right
let's say you didn't want to enter with
a 30 bit stop loss right because that's
the highrisk trade you basically just
scaled on Lower time frames depending on
whether you're comfortable with it or
not right depending on whether you're
comfortable with it or
not
so you could have either decided that
okay fine um we tapped this area right
here and then reject it right right we
did not really see any breakout then
price pushed a bit higher traded lower
and then pushed a bit higher to tap this
area of resistance you shouldn't use it
because there's no breakout yet right
but then after reacting from here it
broke out from this
area this move hold on hold on hold on
hold on just want to quickly confirm
something broke up from this area with
this move so fast area or first entry
you could have taken it from here right
if you use the line chart let me use
quickly show
you if you use the line
chart where is that hold
on you'll see the breakout right here
but it's not really a breakout because
of I would prefer close below here I
would prefer to close below here but
based on uh the
candles based on how it directed here
you could have just decided to enter but
still not not a very very safe trade
so in this case what I did I just marked
up these areas right here and remember
if you're not seeing anything clear
remember we we tapped the daily area of
resistance right so this is enough
reason for you to look for lower time
frame confirmations because you know we
tapped a higher time frame area of
resistance so you can you can just
simply go to lower time frames just to
confirm your breakout and all that so
let's see after it broke out from here
here right you went to the M15 and then
you saw it trading a bit lower making a
high and then you got a breakout from
here your first entry obviously had to
have been
here had to have been
here with the 30 stop
loss with the 30 pip stop loss or 35
Pips depending on what you're
comfortable with your target here right
here 300 Pips just like
that so this would have been your
potential first entry I'm just showing
you these uh setups on on Lower time
frames but I hardly ever use lower time
frames so let's just say this the
breakout right here maybe a second
breakout would have marked it up from
here and
then the only area that you would have
had here is this open close because this
area right here this area of resistance
has been used so second entry you could
have marked it up from
there and I know that this is
hindsight because I know some of you
will be in the comments or bro this is
just hind slight you don't even know
what you're doing another area right
here I think I think this one let's just
zoom in you can see this one this buy
and then sell has been tapped so you
would have just decided to use this uh
open close because
you you have to pick up pick out the the
top two areas that um you want to to
sell
from just like that Target right there
so right now right now I'm seeing the
same thing right here I'm not really
sure if it's going to come back or not
but I was waiting for price to close on
the 1 hour if we go back to the 1 hour
you'll see on the 1 hour we have this
open lose right there
so we can just simply wait for for price
to retrace into this one hour area and
then we get um a possible sell
continuation oh
man a possible sell continuation um
targeting here but my main target is
obviously around here and I think I did
discuss it but I haven't yet made any
video regarding that
so yeah that's basically just um a small
small breakdown using my Legend SNR so
if it's something that you're interested
in make sure to to watch some of the
videos which I did post on here on my
YouTube or yeah yeah just basically just
follow me follow me on telegram the
first link in the description
and uh yeah I'll talk to you guys soon
love you boys um let's see how do we
stop this man anyway this is not
Financial advice anything that you do
it's basically your own risk your money
your own rules I did I did not tell you
what to do with your own money I'm just
speculating that's only for educational
purposes only so anyway with that said
peace love you boys
Посмотреть больше похожих видео
勝率の高いトレード手法教えます【再現性高】
08 August Tomorrow Market Analysis | Nifty Prediction for Tomorrow and Market Prediction
BEST US30 STRATEGY IN 2024
Risk Management & Position Sizing Strategy for Trading
Price Action (Sniper) Entries Strategy
RSI Divergence Strategy | When to Buy & Sell Indicator | Reversal Trade Forex /Crypto/Stock Market
5.0 / 5 (0 votes)