Reading Candlestick Charts Was HARD Until I Learned These 3 SIMPLE Steps

Summary

本视频教程旨在帮助交易者简化对蜡烛图的解读。演讲者分享了自己早期交易时的挑战，并介绍了三个简化步骤：减少使用指标、专注于明显的交易机会、构建有效的交易策略。他强调，成功的交易依赖于识别清晰的买卖信号、避免过度复杂化，并根据历史表现选择正确的交易工具。此外，他还讨论了如何处理交易中的恐惧和如何通过设置止损来管理风险。

Takeaways

• 📊 蜡烛图是金融市场的通用语言，学会正确阅读可以发现图表中的买卖信号。
• 🤔 初学者常因过度复杂化和关注错误的图表类型而难以理解蜡烛图。
• 📉 交易者应减少指标使用，避免因过多指标导致交易前难以检查和信号冲突。
• 💰 作者通过交易小份额来克服对损失的恐惧，减少情绪化交易。
• 🚫 没有所谓的完美指标或“圣杯”，每个交易者都会时不时地亏损。
• 📈 使用指数移动平均线（EMA）9、20和200，因为它们能快速反映价格变动。
• 📊 利用成交量加权平均价格（VWAP）作为均衡点，判断市场情绪。
• 📘 成交量条应根据蜡烛的开盘和收盘价进行颜色编码，以反映市场情绪。
• 📉 MACD（移动平均收敛发散指标）有助于识别市场动能和潜在的买卖点。
• 🎯 专注于交易明显具有高相对成交量的股票，这通常与新闻催化剂有关。
• 📌 构建交易策略时要关注有效的模式，避免过度复杂的图表和指标。

Q & A

什么是蜡烛图，它在金融市场中的重要性是什么？

蜡烛图是一种展示股票、期货、外汇等金融市场数据的图表，它能够直观地反映市场在一定时间内的开盘价、收盘价、最高价和最低价。它的重要性在于，通过蜡烛图的形态和组合，投资者可以识别市场情绪和潜在的买卖信号，从而做出更明智的交易决策。

为什么许多交易者在开始时难以理解蜡烛图？

蜡烛图对于初学者来说可能像一门外语，因为它包含了许多特定的形态和信号，需要时间和实践来熟悉。此外，初学者可能会因为过度复杂化或关注错误的图表类型而难以把握其精髓。

如何简化蜡烛图的分析过程？

简化分析过程的关键在于减少使用的指标数量，专注于几个关键的指标，如移动平均线、成交量加权平均价格(VWAP)和成交量条，以及MACD指标。这样可以避免信息过载，更清晰地识别市场信号。

为什么交易者应该避免在图表上使用过多的指标？

使用过多的指标会导致分析过程变得复杂且难以管理，可能会产生相互矛盾的信号，使交易者难以迅速做出决策。此外，过多的指标可能会掩盖真正的市场信号，导致交易者错过交易机会或做出错误的交易决策。

什么是移动平均线，它在交易中的作用是什么？

移动平均线是一种通过计算一定时间段内的平均价格来展示价格趋势的技术分析工具。它在交易中的作用是帮助交易者识别市场趋势的强度和持续性，以及可能的支撑和阻力水平。

成交量加权平均价格(VWAP)是什么，它如何帮助交易者？

成交量加权平均价格(VWAP)是一种考虑成交量因素的平均价格指标，它显示了在特定时间段内的平均交易价格。VWAP帮助交易者了解市场在特定价格水平上的成交量分布，从而判断市场的供需平衡和可能的价格动向。

为什么交易者在交易时应该关注相对成交量？

相对成交量是当前成交量与其平均成交量的比值，它反映了市场的活跃程度和交易者的兴趣。高相对成交量通常意味着有新闻或其他催化剂驱动市场，这可能导致价格的大幅波动，为交易者提供交易机会。

如何定义“明显的交易机会”，并如何识别它们？

“明显的交易机会”是指那些具有高相对成交量、价格大幅波动和新闻催化剂的股票或其他金融工具。识别这些机会可以通过使用市场扫描器来监控整个市场，寻找符合这些条件的金融工具。

为什么交易者不应该只交易他们熟悉的股票？

只交易熟悉的股票可能会限制交易者发现更好的交易机会。熟悉的股票可能并不是市场上最活跃或最有潜力的交易对象。交易者应该根据市场条件和交易策略来选择交易对象，而不是仅仅基于个人熟悉程度。

如何建立一个有效的交易策略，并如何使用蜡烛图来支持这个策略？

建立有效的交易策略需要定义清晰的交易参数，如相对成交量、价格变动、催化剂等，并根据这些参数来选择交易对象。使用蜡烛图来支持策略，可以通过识别蜡烛图上的特定形态和信号来确定买卖时机，同时结合其他技术指标来验证这些信号的可靠性。

为什么交易者在交易中应该避免过度交易熟悉的股票？

过度交易熟悉的股票可能会导致交易者忽视市场上其他更有潜力的交易机会。此外，熟悉的股票可能并不总是表现出足够的波动性，从而限制了交易者的盈利潜力。

如何使用蜡烛图来确定交易的入场和退出点？

使用蜡烛图确定入场点可以通过识别第一个创出新高的蜡烛来实现，这通常表明市场趋势的延续。而退出点可以通过识别第一个创出新低的蜡烛来确定，这可能表明市场趋势的反转。同时，交易者还应结合其他技术指标和市场条件来做出决策。

为什么交易者在交易中应该避免过度简化他们的图表？

过度简化图表可能会导致交易者忽视重要的市场信息和信号，从而影响他们的交易决策。一个平衡的图表应该包含关键的技术指标和数据，帮助交易者全面地分析市场情况。

如何通过蜡烛图识别市场的买卖信号？

通过蜡烛图识别市场的买卖信号，交易者可以寻找特定的蜡烛形态，如吞没形态、锤子线、流星线等。同时，交易者还应关注成交量的变化，以及价格相对于移动平均线和VWAP的位置。

为什么交易者在交易中应该避免追求所谓的“圣杯”指标？

所谓的“圣杯”指标是指能够完美预测市场买卖时机的指标，但这样的指标并不存在。市场是复杂的，没有任何指标能够始终准确无误。成功的交易依赖于交易者对多种指标的综合分析，以及对市场条件的适应能力。

如何使用MACD指标来辅助交易决策？

MACD指标是一种振荡指标，通过计算两个不同周期的移动平均线之间的差异来展示市场动力。当MACD线位于信号线之上时，可能表明市场处于上升趋势，而当MACD线位于信号线之下时，则可能表明市场处于下降趋势。交易者可以利用这一点来确定交易的时机。

为什么交易者在交易中应该避免因为恐惧而过早卖出？

因为恐惧而过早卖出可能会导致交易者错失更大的盈利机会。成功的交易需要交易者有良好的风险管理策略和耐心，以持有有利可图的交易直到出现明确的退出信号。

如何通过调整交易策略来克服过早卖出的问题？

交易者可以通过设置预设的卖出规则或使用交易软件的热键功能来调整交易策略，例如，设置在盈利达到一定水平时自动卖出一半的头寸，然后在价格继续上涨时逐步卖出剩余的头寸。

为什么交易者在交易中应该避免持有亏损的头寸？

持有亏损的头寸可能会导致交易者的损失进一步扩大，特别是在市场趋势明显反转的情况下。成功的交易需要交易者有明确的退出策略，一旦市场条件不再符合预期，就应该及时止损。

如何使用蜡烛图来管理交易中的风险？

交易者可以通过设置止损点来管理交易中的风险，例如，在蜡烛图上设置在最近的支撑位或阻力位下方作为止损点。此外，交易者还可以通过分散投资和适时调整头寸大小来控制风险。

Outlines

00:00

📊 蜡烛图入门指南

本段介绍了蜡烛图作为金融市场的通用语言，以及如何通过简化图表来识别买卖信号。作者分享了自己作为新手时的困惑，并强调了减少指标数量的重要性，以避免在交易前检查过多指标导致的信息冲突。作者还分享了自己在交易初期的个人经历，包括面对经济衰退和个人财务困境时如何通过交易谋生，并鼓励观众通过简化图表和克服对损失的恐惧来提高交易技能。

05:02

📈 简化交易指标

这一段讲述了作者如何通过减少图表上的指标数量来提高交易效率。作者推荐使用三种指数移动平均线（EMA9、EMA20和EMA200）和成交量加权平均价格（VWAP）作为主要指标，并解释了这些指标如何帮助交易者识别市场趋势和交易机会。同时，作者还介绍了如何通过观察成交量条的颜色变化来理解市场情绪。

10:02

📉 交易量分析

本段深入探讨了成交量条的重要性，说明了如何通过观察成交量的变化来预测价格走势。作者指出，仅通过成交量条可以进行交易，但没有成交量条的蜡烛图则难以理解市场动态。作者通过实例展示了成交量条如何揭示买卖双方的力量对比，并强调了在交易中识别模式和进行准确预测的重要性。

15:04

🚀 抓住明显交易机会

作者在这一段中分享了如何识别和专注于市场上最明显的交易机会。他强调了避免交易那些自己熟悉但波动性不足的股票，而是应该寻找那些具有高相对成交量和明显价格波动的股票。作者还提到了使用扫描器来发现市场上的热点股票，并分享了自己如何通过这种方法实现盈利。

20:05

📉 相对成交量的重要性

这段内容强调了相对成交量（Rel RV）在交易策略中的重要性。作者通过自己的交易数据展示了高相对成交量与盈利之间的正相关关系，并解释了高相对成交量通常是由新闻催化剂驱动的。作者还分享了自己如何通过分析交易数据来发现盈利模式，并鼓励观众寻找具有高相对成交量的股票进行交易。

25:05

📈 构建有效的交易策略

作者在这一段中介绍了如何基于有效的市场指标构建交易策略。他分享了自己如何通过分析交易数据来确定交易策略的关键参数，例如寻找价格在2到20美元之间、相对成交量至少是平均水平五倍的股票。作者还强调了催化剂在推动交易中的作用，并解释了如何使用扫描器在市场中实时寻找符合这些参数的交易机会。

30:06

🏄‍♂️ 抓住交易波动

本段内容讲述了作者如何在交易中识别和利用波动。作者分享了自己如何通过观察价格波动和成交量来判断买入时机，并解释了在价格上涨后的首次回调中寻找买入机会的重要性。作者还讨论了如何使用技术指标，如MACD和移动平均线，来验证交易决策，并强调了在波动市场中寻找清晰交易模式的重要性。

35:08

🌊 交易时机与波动

作者在这一段中比喻了交易中的波动，强调了在价格上涨后的首次回调中寻找买入机会的重要性。他解释了如何识别波动的模式，并在波动的“回撤”时寻找买入点。作者还讨论了如何使用技术指标来确认这些买入点，并分享了自己如何通过这种方法在交易中取得成功。

40:08

📉 交易中的人性因素

本段内容探讨了交易中的人性因素，特别是对损失的恐惧如何影响交易决策。作者分享了自己如何通过改变交易习惯和使用热键来克服过早卖出的冲动。他还讨论了如何通过调整止损点和逐步卖出来提高交易的盈利潜力，并强调了在交易中保持纪律和遵循策略的重要性。

45:11

📈 成功交易的策略

作者在这最后一段中总结了成功交易的关键要素，包括使用较少的指标、专注于最佳交易设置，并围绕自己的交易数据构建策略。他强调了在交易中保持耐心、不过早卖出，并在出现明确的退出信号时才退出交易。作者还提供了自己使用的交易策略的PDF下载链接，并鼓励观众实践这一策略。

Keywords

💡蜡烛图

蜡烛图是一种股票交易图表，它通过特定的图形展示一段时间内的价格变动，包括开盘价、收盘价、最高价和最低价。在视频中，蜡烛图被视为金融市场的通用语言，是交易者分析市场趋势和信号的重要工具。例如，视频中提到初学者可能会觉得蜡烛图看起来像外语一样难以理解，但随着学习，交易者将能够识别出图表中的买卖信号。

💡交易指标

交易指标是交易者用来分析市场条件和指导交易决策的工具或公式。视频中强调，过多的指标会导致交易者难以快速做出决策，并可能产生相互矛盾的信号。作者建议简化指标，只使用少数几个关键指标，如移动平均线和成交量加权平均价格(VWAP)，以提高交易效率。

💡移动平均线

移动平均线是一种通过计算一定时间段内的平均价格来平滑价格数据的技术分析工具。在视频中，作者推荐使用9日、20日和200日的指数移动平均线，因为它们分别代表了不同时间尺度上的价格趋势，有助于交易者识别市场动态。

💡成交量

成交量是指在一定时间内交易的证券数量，它是衡量市场活跃度和交易强度的重要指标。视频中提到，成交量条应该根据蜡烛的开盘和收盘价进行颜色编码，以反映市场情绪和买卖力量的对比。

💡恐惧损失

恐惧损失是指交易者对潜在亏损的过度担忧，这可能导致他们在交易中过于谨慎或做出错误的决策。视频作者分享了自己在交易初期因恐惧损失而过度复杂化交易图表的经历，并建议通过交易较小的股份来减少这种恐惧。

💡相对成交量

相对成交量是一个指标，用来衡量特定时间段内的成交量与过去平均成交量的比较。视频中提到，当相对成交量是其平均水平的五倍时，作者发现这是盈利的最佳时机，因为这通常是由新闻催化剂驱动的高交易活动。

💡新闻催化剂

新闻催化剂是指能够显著影响股票或其他金融资产价格的新闻事件或公告。在视频中，作者强调了识别和利用新闻催化剂来识别高相对成交量和潜在交易机会的重要性。

💡MACD指标

MACD（移动平均收敛发散指标）是一种振荡器指标，通过比较两个不同周期的移动平均线来展示价格动量和趋势变化。视频中，作者使用MACD来确认交易信号，特别是当MACD线高于信号线时，视为买入信号。

💡交易策略

交易策略是一套规则或方法，用于指导交易者在特定市场条件下如何买入和卖出证券。视频中，作者分享了自己的交易策略，包括使用特定的交易指标、专注于高相对成交量的股票，并在价格首次突破新高时买入。

💡退出指标

退出指标是用来确定何时退出交易的信号，以锁定利润或限制损失。在视频中，作者提到，当价格不再上涨或出现卖出信号时，如第一个创造新低的蜡烛，就是退出交易的时机。

💡利润损失比

利润损失比是交易者在交易中获得的平均利润与平均损失的比例。视频中，作者强调了维持一个良好的利润损失比的重要性，这有助于确保即使在只有一半的交易决策正确的情况下，交易者也能保持盈利。

Highlights

本集专注于如何正确阅读K线图，解决初学者面对K线图如同面对外语的困惑。

K线图是金融市场的通用语言，适用于不同交易市场。

许多交易者因过度复杂化和关注错误的图表类型而误解K线图。

简化指标是关键，过多的指标会导致交易前难以检查并可能产生冲突信号。

作者分享了个人交易经历，如何从复杂的图表中简化并克服对损失的恐惧。

使用较小的交易规模可以减少因错误而导致的情感损失。

不存在完美的交易指标，即所谓的“圣杯”，交易者应接受偶尔的亏损。

作者展示了即使只有68.6%的正确率，通过良好的盈亏比仍然可以实现盈利。

推荐使用简单移动平均线（9日、20日、200日指数移动平均线）作为交易指标。

成交量加权平均价格（VWAP）是另一个重要的交易指标。

正确使用成交量条，根据蜡烛图的开盘和收盘价进行颜色编码。

MACD（移动平均收敛发散指标）是一个有用的振荡指标，帮助减少假突破。

专注于交易明显具有高相对成交量的股票，这通常与新闻催化剂有关。

作者通过分析自己的交易数据，发现高相对成交量与盈利交易有很强的相关性。

建议交易者不要只交易熟悉的股票，而应交易当天明显波动或值得关注的股票。

交易策略应建立在简单指标、明显模式和个人交易成功的基础上。

作者提供了一个PDF策略下载链接，供交易者学习和实践。

强调了交易者应如何正确设置止损和获利，以及如何避免过早卖出。

通过改变交易习惯和使用热键来避免因恐惧损失而过早退出交易。

使用退出指标，如首次出现新低的蜡烛图，作为卖出信号。

强调了保持交易策略简单性的重要性，避免过度复杂化。

Transcripts

if you've been having a hard time

reading Candlestick charts this episode

is for you I remember a time when I was

getting started when I looked at a

Candlestick chart and I said to myself I

don't see anything it's like I'm looking

at a foreign language and it's true that

this is a language this is the universal

language of the financial markets and it

doesn't matter if you're trading Forex

cryptocurrency futures or you're trading

stock when you learn to read Candlestick

charts the right way you will see the

subtle buy and sell signal that are on

every chart the reason most Traders mess

this up is because they're over

complicating it and they're looking at

the wrong type of charts I'm going to

clear all of that up for you in today's

episode so we're going to go ahead and

jump into the slide deck how to read

Candlestick charts and I'm going to walk

you through the three simple steps that

I took that made finally reading

Candlestick charts click now I struggled

with this and the reason that I

struggled was because when I was getting

started as a Trader I had a small

account as many of you may have today

and I felt like I couldn't afford loss I

could not afford to make mistakes my

back was kind of up against the wall

just to give you context when I was

learning a trade I was in my 20s I had a

college degree but it was the Great

Recession the economy sucked and I

couldn't get a regular job and I

basically had no savings I was running

out of money and so I was in a position

where I needed to make this thing work

my goal was to make $200 a day you know

roughly a th000 a week 50,000 a year

that for me at that time was was like a

dream and I wasn't achieving it so when

I was setting up my Candlestick charts I

was doing everything possible to reduce

my likelihood of what I thought would be

loss and I ended up creating these

incredibly complex charts I'm a little

embarrassed to even show this to you

this is an actual Candlestick chart that

I was using at one point you can barely

even see candlesticks they're up here on

this top panel there are more than 20

different indicators on this chart right

now so step one I'm going to tell you

guys fewer indicators is better and I'm

going to show you which ones you should

be using but the reason fewer is better

is because when you have that many

indicators it's it's literally

impossible to check all of them before

you take a trade and you can end up

getting conflicting signals because

you've got so many indicators you're

trying to rely on so what I really

needed to do to be honest

was address that fear of loss that was

so deep inside me I was so scared of

losing and one of the ways I was able to

kind of break free from that was by

beginning to trade with really small

share size so when I would take losses

they weren't as emotional because I made

a mistake that a lot of beginner Traders

make that when I first got started I was

trading with big size and I incurred a

few huge Lo well it felt at the time to

be huge losses they wouldn't be relative

to where I'm at now but but at the time

they were really big and it was so

disheartening I was so frustrated I just

felt like you know the world was ending

if if I couldn't figure this thing out

and so I was trading with this kind of

like it was like crazy but it was like

almost like Russian Roulette like every

time I took a trade I was like oh God is

this going to be the one and I had so

much fear in me that I couldn't focus I

couldn't see straight so I was adding

all these indicators because I was

searching for the Holy Grail now some of

you may have been on the hunt and not

even realized it the Holy Grail so to

speak is the perfect indicator that will

always tell you when to buy exactly when

to sell and you will never lose money

man that would be awesome it would be

awesome and I hate to break the bad news

that it doesn't exist there is no such

thing out there as a Holy Grail

indicator that's never wrong and there's

no such thing is a Trader that doesn't

from time to time lose money and just to

inspire you you know just a little bit

um and this isn't to brag it's uh just

just to kind of put it out there though

and show you this is $12.6 million of

real money third party audited broker

statements you can see it on my website

if you want this is real money that I've

made and I did it while being right only

68.6% of the time in other words I'm

wrong 30% of the time and I'm still

making money and that's because of

course I've figured out how to have a

good profit loss ratio my accuracy is

pretty decent and I'm choosing the right

instruments to trade every single day

but let's get back to these Candlestick

charts so hopefully that's a little

inspiring for you although I'll remind

you that my results are not typical this

is pretty exceptional uh hopefully it

inspires you because for me one of the

things that kept me going was knowing

that there were other Traders out there

that were making money you know if if

everyone was losing 100% of people were

losing it was like no but just the fact

that there were a few people out there

that were doing well that gave me hope

so you're telling me there's a chance

okay so fewer indicators is better

there's no doubt about that what I would

say is these are the indicators that I'm

going to encourage you to use okay so

number one we're going to keep it simple

we're going to use um moving averages

and I'm going to use exponential moving

averages and these are the ones I'm

going to use the 9 the 20 and the 200

those are three exponential moving

averages now the way I set it up my 200

is in magenta my nine is in a kind of a

gray color and my 20 is in blue so now

let's jump onto the chart real quick and

I'll actually show you these indicators

okay so this isn't this is just a very

clean example of a chart and if I full

screen this I mean I don't really

probably have to compare it to what you

just saw because this is obviously much

much easier to read I mean it's almost

like the difference between a a very

messy disorganized room or you know

office or whatever and something that is

like clean and clear right so this is

what you want you want a nice clean

simple chart so we've got the nine

exponential moving average here this is

our fastest exponential moving average a

moving average takes the average price

over the X number of periods and so this

is a nine moving average so it's giving

you the average price over the last nine

candles and going to move the fastest

with price action this is the average

price over the last 20 candles it's

going to move a little slower than the

nine and this is the average price over

the last 200 candles the 200 period

moving average is is very well respected

a lot of people use the 10 and the 20

and the 50 and the 100 I use the nine I

actually like it just a little bit more

than the 10 it's just like a little bit

faster I like the 20 and I don't find

the 50 or the 100 uh necessary they're

just extra unnecessary indicators on my

chart and if I'm not using them it makes

my chart messy and I don't need it so

we've got three moving averages the nine

the 20 and the 200 now the other

indicator that you're going to want is

your volume weight at average price so

indicator number two is vwap volume

weighted average price and this is going

to be uh it's a standard indicator and I

do it in an orange dotted line just like

that now your volume weighted average

price here just make that cleaner your

volume weighted average price price is

like a moving average except that it

also factors in um the volume that

occurred there it is so this is actually

in solid but you could have it either

either in a solid line or a dotted line

whichever one you prefer so this is

factoring in the amount of volume that

occurs at price and the volume weight

moving average um volume weight average

price is the equilibrium point for the

day so it is the exact average price PR

for the period of the day so if the

price is above average it's bullish if

it's below average it's bearish so as a

very simple way of thinking about it if

something is below um the volume weight

average price the Bears are in control

if it's above the Bulls are in control

and generally as a long biased Trader

I'm going to focus on trading when the

price is above vwap so down here we

dipped below it just for a moment and

then the Bulls uh regained control and

it got back above it all right so we've

got our 9 EMA our 20 EMA our 200 EMA our

volume weight at average price then of

course we need a volume bars so number

number three volume bars and volume bars

have to be colored based on the close

and open of um the candles so you cannot

have volume bars for instance that are

all the same color this would be a

mistake these are our volume bars right

here and what we're actually going to do

here um I'm going to go full screen this

just the volume bars and I'm going to

demonstrate for you how important this

is if these were all the same color what

we would miss is uh it would be hard to

understand sentiment so I'll just make

them all the same color here just for a

second uh and just kind of show you what

this looks like oops okay oops this way

all right so if these are all the same

color all we know is that we've got a

lot of

volume but I can't tell from this where

the price is going can you I would

imagine you can't it's impossible now

let's add um for growing volume we're

going to change this back to green here

and even if you didn't make this one red

you of course know the inverse is going

to be red so now this is painting a

picture what this is telling us is on

these candles right here we certainly

had high volume kind of out of nowhere

high buying volume came in what this is

communicating is the imbalance that's

occurring between buyers and sell

so during this period of time right now

who's

dominating just based on the volume

profile the volume profile is telling us

that the buyers are dominating so we can

almost certainly assume that the price

was moving up we probably moved up here

we pulled back for a second we moved up

more we pulled back again we moved up a

little bit we dipped down maybe a little

higher dip couple red candles so dipping

down a little bit more maybe coming back

up for a second and then going into a

little bit of a period of pulling back

we start to pop up for for a second and

then we kind of pull back again all

right so now let's pull up the chart and

see how that lines up okay so you could

actually almost trade exclusively on

volume bars without Candlestick charts

at all they're that they're that

significant and likewise to trade

without volume bars you would be almost

trading with one eye closed because

while the candles are moving up it's

very important to understand the volume

profile because this gives you context

so let's just say for instance that the

price is moving up so we're going to do

some green candles here let's just say

that the price is moving up U but the

volume is declining those are the volume

bars and then when you have a red candle

here let's just imagine that the the

selling volume is like this what story

does that tell the imbalance is clearly

to the sell side while there were buyers

they were diminishing and then when the

sellers came in they Di

what about the inverse volume increasing

as it's moving up and when it pulls back

light volume now this is the information

that we need in order to make an

accurate prediction at what's going to

happen next the traders who can predict

the future the best will be the ones who

make the most money and what we're doing

as Traders is we're getting really good

at pattern recognition now what I

struggled with as a beginner was that

for one I couldn't see the patterns I

couldn't see the the trees through the

forest because I had so many indicators

on my charts I couldn't see the patterns

trying to visualize patterns the SLE

patterns of an indicator

is the problem is the indicator is a

derivative of the actual price so I

don't know a really good analogy for it

off the top of my head but to me it

makes a lot more sense to pay attention

to the price it's almost like trying to

do everything like looking in a mirror

looking in a reflection it it like just

look at the actual Source because that's

where you're going to get the cleanest

information so the source is here the

candles the indicators provide context

and that's helpful but you can't only

have indicators when you only have

indicators you can't make accurate

predictions because the best patterns

are going to occur on the Candlestick

chart itself and then what you're going

to do is you're going to use these

indicators your moving averages your

volume weight average price your volume

and then this one right here which I'll

talk about in a second you're going to

use these to help you essentially

validate that this is doing what you

think it's going to do okay so in this

uh case right here the prediction

changed significantly based on the two

volume profiles so we'll do a second

version right here um where we have

decreasing volume as we go higher and

then we have these candles here with

high selling volume so now if we start

to make a move back back up I would

predict that the buying volume would be

very low and that we would end up at

best double topping at the high of day

with this being resistance for a move

back lower and at the worst it wouldn't

even make a new high it would just keep

going lower and lower and I certainly

would not be buying dips or pullbacks in

this area here thinking it's going to

move higher there's no way I would do

that on this chart on the other hand if

we're pulling back right here and that's

our 9 moving average and then our 20 is

down here and our V app is down here a

little lower I would look at this and I

would say I should be a buyer near the

support of the N9 moving average right

here the volume profile tells me there's

an imbalance to the buy side if I buy

right here near support I can set my

stop at the low of this candle right

down here and I can add as the price

moves higher and this is a chart where I

would expect to see strong resolution to

the upside now this is an example this

is a real chart and this is a real stock

that I traded and I'll show you the p&l

that I had on the stock um a little bit

later in this class so we have our first

move up here on high volume nice volume

we have a momentary pullback and then it

pushes even higher we have here a little

bit of a more proper pullback and again

look at the volume profile nice high

volume buying as it was moving higher

and then a light volume candle right

here that's red it dips down for a

second and this is the spot to be a

buyer right down here while you

certainly could buy as the pattern comes

back up to the top you could also be

accumulating right here on this pullback

because the volume profile is supporting

the belief that this is going to move

higher the buyers are in control and

when buyers are in control the dips get

bought up and the price moves higher it

pulls back again buyers are still in

control and the price moves even higher

now the four indicator that you're going

to see uh is on my charts is the

macd so the macd macd stands for moving

average convergence Divergence indicator

and this is an oscillating indicator so

it goes like this and it has a signal

line that goes like this and what I do

with this

indicator is uh I I focus on trading

when the macd is above the signal line

so you've got your signal line here

which is orange and then you've got your

your macd which is the um which

basically what this is doing is it's

taking the moving averages and it's

telling you when they're uh converging

or diverging so here the moving averages

are diverging they're moving apart right

do you see how those moving averages are

moving apart they move apart when the

price is moving quickly the price moves

quickly the moving averages pull away

from each other when the price starts to

contract and come back together the

moving averages converge and during the

bare Market of 2022 and then the rally

in 2023 I found that by only trading

when the macd is open that greatly

reduced the number of false breakouts I

had so this is an indicator that is

helpful to look at as you know sort of

in a way Red Light Green Light if the

macd is positive above the signal line

I'm interested if it's negative I'm not

interested and so on this chart right

here when that crossed over you know

right at this point that was the place

where I would say nope I'm not

interested anymore now you know you

could create kind of a

complex overlay like this and you know

you could it make it very easy to not

miss it but unfortunately when you start

doing this it's very easy just look at

how much Messier this chart looks it's

not easy to see and what you don't want

to lose sight of are these clean simple

patterns right here because this really

is going to be where you're going to

find the most

success so Step One is simplifying your

indicators you can see on my chart how

simple it looks it's just not worth over

complicating it so you really want to

keep it simple this is what my charts

look like and this is what it looks like

whether it's a 1 minute a 5 minute a 10c

a daily chart they're the same I just

keep it really simple okay so now let's

pull the slide deck back up here for a

second all right so step one is fewer

indicators is better step two is

focusing on what is obvious this was a

huge mistake that I made when I was

getting started when I was getting

started I wasn't focusing on what was

obvious my problem was that I started

focusing on stocks that I knew and now

it doesn't matter whether you're trading

futures or Forex or you're trading

cryptocurrency you you want to trade

what is obvious so let me just pull the

charts back up here and show you an

example of what I mean so on this

particular day I would say without

question this was the obvious stock to

trade it ended up going up 100% it had

news it was on my scanner right here I

saw it when it was up like

69% these are scanners that are

searching the market for stocks that are

moving but you can use scanners like

this for um commodities for Forex Pairs

and for cryptocurrencies as well now the

problem that I got into is that I

started trading things that I knew so

I'd pull up a chart on IBM and I'm like

I know IBM computers and I'd start

looking at this chart and I this is what

this is when I said I don't see a gosh

darn thing I'm looking at this chart and

it's just I got nothing I pull up a

chart on us steel x this is a company

that I was familiar with I see nothing I

pull up American Electric Power this is

another stock that I had for a while

that I focused on on a lot oops a pulled

up American Electric Power I got nothing

this thing makes you know I I I just

don't see anything here there's not

clear patterns and this was the biggest

mistake that I was making I was trading

things that I was familiar with I was

not trading things that were actually

volatile or worthy of my attention on

that particular day by the way if you

want to download a PDF of my strategy it

breaks down my crit for finding the best

stocks to trade and where I'm getting in

and what exit indicators I'm using to

tell me when to get out you can download

the PDF it is linked to the top comment

I pinned it and it's also linked in the

top of the description so make sure you

download it print it out and start

practicing trading this strategy in a

simulator of course this is the strategy

I've been trading for more than a decade

it works in today's market so I would

encourage you to study it as much as

possible and see if you can find Success

With It because it's incorporating

everything we're talking about in

today's episode so here was my reasoning

I had heard some people say you should

get really good at trading like one or

two stocks get really good at trading

like apple for example or the S&P 500

and some people do this with with

Bitcoin or with gold just get really

good at trading you know One Financial

instrument once you start to kind of

learn its patterns you'll start to get

comfortable and you'll get better at it

that was not true for me that was never

true I wasn't able to actually get

dialed in and and to be honest I think

it's kind of a myth because now with

more than a decade of experien trading

full-time I don't know any traders who

actually make a living trading like that

I've known a few people who were very

wealthy who bought positions in some of

these stocks like Tesla or apple and

would kind of trade around them

sometimes they would buy more shares on

one day the price would go up they'd

sell them but if the price went down

they would just keep holding them

because they believed in what they were

buying and that's not really day trading

and to be honest for Traders like myself

who are getting started with small

accounts you can't afford to do that so

I it just didn't make sense so this was

the big problem for me is I was not

trading what was obvious so what is a

better way to define and help you

understand what is

obvious what I look for is high relative

volume

so let's define what that means some of

you may be familiar with this phrase uh

others are not so we're looking for uh

the abbreviation is just Rel RV for

relative volume and what I have found in

my metrics is that I make the most money

when the relative volume is five times

higher than its average and I can

actually back this up with um with this

$12.6 million in in profit so we're

going to look here uh let's see what it

is um it's under is it under let's see

under

instrument okay so we're going to pull

this up um what we're looking for here

oh no maybe it's stay oh let's just

check no it is here um so performance by

instrument relative volume right here so

this shows over $10 million of my profit

came from stocks that had at least five

500% higher which is five times higher

five times higher relative volume

relative to the 50-day average and then

the rest for the most part was on uh

stocks that were between 150 and 200 but

in fact look at this these are losses

when I'm trading stocks that have lower

relative volume that's very interesting

now what what is this what is this

essentially telling us the reason that

I'm making money on stocks I have High

relative volume is because High relative

volume is a byproduct typically of a

news Catalyst when you have breaking

news and you can have breaking news and

a day where Bitcoin is really hot or a

day when Apple is really hot it'll

usually happen like four times a year

when they're putting out their quarterly

earnings at least in the case of stocks

but there can be Global events that

create a catalyst for futures for future

commodities for gold things like that

for Bitcoin and currency pairs so

whatever it is you need the Catalyst the

catalyst is what's going to create that

high volume so now let's look at this

chart in a little bit of a different way

we're going to move this out of the way

um I'm going to look at the daily chart

here on American Electric Power and if

we look at the daily chart and we just

look at the volume you could see a few

days here that have higher volume here a

little bit here a little bit here a

little bit here so these would be the

days that have that it has higher

relative volume even in spite of that

the relative volume ratio these these

Peaks are maybe twice the average

they're not that high this one's a

little higher but but they're really not

that high let's look at

Tesla so we're going to look at the

volume Peaks on Tesla there aren't many

Peaks it has sustained high volume but

the relative volume is not particularly

High except back here this day was very

high volume okay so that day right there

that's a day that I would say okay maybe

we could consider trading it on that

type of day when you have you know

significantly higher volume let's look

at the S&P 500 for those of you that try

to trade the S&P every single day when

does the S&P have high relative volume

basically never let's get real this is

the S&P 500 this doesn't have a usually

single days with crazy high volume you

had um in March of 2020 when the market

dropped 30% that was that was the

highest pretty much relative volume

Spike that I had seen and and so on that

particular day yes and in this sort of

stretch these two weeks this was an

opportunity if you really wanted to

trade the S&P 500 although what I'll say

is that there were individual stocks

that were even more volatile that are

within the S&P 500 that were driving

this move that would have been better

candidates for trading so on any given

day you're looking at these large cap

stocks American Electric Power us Steel

on mobile whatever these are not

volatile enough occasionally you'll have

higher relative volume but even when you

do more or less the price action there's

nothing here to look at so it made sense

when I said I'm not seeing anything here

because I was focusing on the wrong

stocks to trade now for me getting

focused on the right stocks to trade the

ones that had the five times higher

relative volume this only came after a

really big loss that I took that blew up

my account well it put my account so I

had to deposit more money to keep

trading the the account wasn't negative

which could be if you have a really big

mistake but in any case I had to add

more money to my account and so During

the period where I couldn't trade until

I had to add more until I added more

money I went through all of my metrics

and that's when I began to notice this

pattern what I was trying to figure out

was you know okay I've been doing this

for 18 months where are my winners where

are my losers what am I doing right if

anything I mean I was feeling pretty

defeated so I wasn't sure I was really

doing anything right but I looked

through my metrics and this is what I

noticed my profits predominantly cons

consistently most consistently were when

we had high relative volume it was also

when the in the uh instrument was up

more than 10% okay so the opening Gap uh

being more than 2% but the instrument

being up 10% so then all of a sudden

it's like well wait a second this for me

was a really big deal because when is

the S&P 500 ever up 10% when is Apple

ever up 10% never never I mean not in

one day it doesn't happen so then all of

a sudden it was like wait a second so

then what where am I making money and

again this is these are real metrics

from Real Money trades and my hope for

you is that by looking at this you're

able to sort of understand the anatomy

of the strategy that I'm trading every

single day and it's a strategy is

working in the market today so my

performance is predominantly on lower

priced stocks while you'll see that I do

have some that are higher price Gamestop

right you know I traded that when it was

higher price and a few others um

predominantly my profit is under $20

between 2 and 20 that's really my window

where I've got the most profit so I was

like okay well so we know we're looking

for a relative volume of at least um

five times higher we know that we're

looking for so this is number one number

two we know that the price needs to be

up

10% number three all right we're looking

for um a catalyst because the catalyst

is what's creating the interest that's

what that's what drives the move that's

where the relative volume starts to move

up it doesn't move up if you don't have

some type of catalyst right and then

let's see we'll get out another marker

number four we're looking for price

between 2 and 20 right so now we're

starting to get a little dialed in this

is how you start to build a

strategy right this is how you build a

strategy you've got some parameters and

now I can start searching the market

every single day for stocks or

Commodities you know or currency pairs

it wouldn't matter that meet these

parameters for being worth considering

okay so let's see so let's back this out

here for a second all right so um let's

see we're going to jump back over to

here so I'm using my scanners to find

this all in real time so these are these

scanners are actually searching the

market they're scanning the entire

market and then what I do once I see

something that's on my scanner like I

did right here in the case of WIA is I

say well what's the Catalyst what is

driving this move I see that we've got

news on it jumps on announcing fourth H

HDTV PTV license with major TV brand

okay so that's the Catalyst now I don't

have to be an expert on this stock I

don't have to be an expert at this

industry all I need to know is that

there's a news Catalyst the price is up

10% we've got high relative volume the

price fits within my wheelhouse of 2 to

20 and from there it's game time all

right so I pull up the chart and boom

nearly

$10,000 right here trade trading this

move up so I know that this for some of

you guys who are newer you know you're

like I don't even have $99,000 in my

account I don't even have 900 in my

account so I'm not going to have $9,000

winners anytime soon fair enough but to

inspire you and to show you someone

who's been doing this for a while is

able to extract this kind of profit from

this kind of move I hope will help you

get focused on trying to find these

setups in your own trading and get

really good at reading these charts so

what we really want to be doing is

making sure number one we're keeping our

indicators very simple number two we're

trading what's obvious and number three

you want to build a strategy around

what's working so you want to throw this

out right here this is way too

complicated this is obviously not where

you're going to find success and you

want to lean in on trading these types

of patterns where you're seeing good

resolution so this again it's just a

screen grab uh from a day where you know

up 3500 uh on the day total but look at

the patterns here now this is a little

higher priced which made it a little

riskier for me but look at this move

from 36 pull back up to 40 pull back up

to 50 that's really clean you know you

see a chart like that and you're like

wow I mean yeah that makes sense I want

to be buying this pullback but again

we're only buying that pullback when the

volume profile checks out when the macd

is open right we still have to check our

indicators we got to make sure all of

our indicators are checking out before

we're taking that trade but if

everything checks out then that's where

we're going to step up to the platee

we're going to say all right I'm going

to jump in here I like this setup so

this was um this is another example here

you've got one two 3 four candles moving

up we've got high volume green candles

green bars this is preferred sort of a

light volume pullback right here we dip

back down the first candle makes the new

high and for me that's the moment where

I'm a buyer so the way I think of these

um charts and I think of this because

it's what's happening is I think of

these waves so if you think of a wave

coming in you first get this move up and

there are some people who are going to

buy down here and just jump in but to be

honest the Candlestick chart's not

supporting that entry you know people

who are buying here are kind of chasing

the move and you'll have people that

chase the move and that's fine people

can do as they'd like but that's not

really a good setup I like to wait for

that first wave to pull back a little

bit and this is the moment of truth

because this is where the volume profile

is going to either tell us high volume

selling this is when the macd is going

to cross over we're going to break below

our moving averages or we're going to

hold and if we hold then at that moment

I can now visualize the rest of the

pattern I know what's coming next so now

what I'm looking for is the moment that

the wave sort of shifts so if you think

of the tide coming in the wave going out

and then you're looking for that next

wave to come back in so the way I do

this is I'm looking at my indicators I'm

looking at my chart and I usually in

this area here while we're still selling

off actively I'm starting to think okay

macd is open the volume profile is

acceptable I want to start looking for

an entry and what I begin to look for is

the first candle to make a new high so

we'll actually draw it on this side so

when we're talking about first candle to

make a new high uh this is something

that is so important for timing these

waves so we've got the price moving up

and then we've got the dip back down

right here and the second we have a

candle right here that breaks the high

of the previous candle that's where I'm

getting in

so something that we talk about a lot is

candles is making new highs see each of

these candles are breaking the high of

the previous candle that's the high of

the previous candle right here that's

the high it broke it that's the high it

broke it that's the high it broke it

that's the high so the high of this

candle breaks it right and then when

we're pulling back candles are usually

making new lows see how these candles

are making a new low a new low a new low

now if it keeps making new lows I'm not

going to buy I'm not just going to get

in down here I'm going to wait for the

first candle to make a new high right

there now these patterns the way uh

these types of stocks trade is they're

they can be very clean early in the move

new High new High new High new low new

low new low new High new High new High

new high and the reason they're like

that is because there's a catalyst

that's driving the volume if there

wasn't a catalyst driving the volume you

wouldn't have it but when you have a

catalyst you have new that's pushing it

higher pushing it higher pushing it

higher pushing it higher and honestly

let's just ask ourselves what's the

first candle that actually made a new

low it's not until all the way right

here that was the first candle that made

a new low these pulled back but they

didn't actually make a new low and then

this right here none of these made a new

low the low of that candle that red

candle this one was not as low so we had

one candle that made a new low right

there and then and we didn't have

another one until right here two candles

made new lows in that whole stretch so

if you bought at this first candle that

made a new low I mean you wouldn't want

to buy but but basically you bought

because you said okay this is the wave

this is the first wave it dipped down

and then as soon as that next candle

makes the new high that's where you're

in so basically right after that candle

made a low that's going to be your

lowest risk entry and the reason that's

the lowest risk entry is because where

do you set your stop loss where do you

bail out if this doesn't work

the low you bail out at the low right

there so now this is where you start to

get dialed in because you're thinking

I'm getting in right here my stop is

right here let's just say that's 10

cents a share now if I can make 20 cents

a share on this position I'm going to

have a 2:1 profit to loss ratio right a

2 to1 profit to loss ratio means if

you're right even just 33% of the time

you're break even that let your break

even 33% if you write half the time 50%

you're profitable now if you had a 1:1

ratio 10-cent winners 10-cent losers 50%

would be your break even you need to be

a little higher to be profitable okay

now as you saw from my metrics my

accuracy is about 68% and that's

produced 12.6 million in gross profit

okay so you see how this comes together

it's the combination of profit loss

ratio and your accuracy that creates

profitability so what you're looking at

here is is let the first wave happen let

it move up and then look for that first

dip back down that first pullback candle

makes a new low and then right after

that the first candle that makes a new

high that's where you're a buyer again

as long as your indicators are

supporting it these are the only

indicators I'm using right now and I

only recently added macd so for a long

time I didn't even use that but in a

bare Market in a choppier market I found

it helpful so I've kept things really

simple for a long time and I've done

well as a result you don't need to over

complicate it so you let it squeeze up

you let it pull back and then you're

getting in on that first tip now one of

the challenges a lot of beginner Traders

have is they'll get in right here and

then they're going to sell right here

they're like I'm out I'm selling and

then they watch this thing you know

squeeze all the way up you know to way

up here something like that it just

keeps moving higher and they're like

well holy smokes I so right here for a

tiny profit meanwhile this thing went

like way higher you could have had like

a 5: one profit to loss ratio but you

sold early with a one:1 ratio you do

that too much what you're going to do is

you're going to set the bar higher than

necessary for you to be a break even

Trader so here's what I would

suggest you're going to have that

instinct to sell I had it myself why did

I have it I had a small account as soon

as I had a winner I was like boom I got

to get out of this trade I don't want to

overstay my welcome I don't want to lose

it fear of loss right so once again that

fear of loss creeps back in and it's

telling me to bail as soon as I've got a

little profit sell because the sooner I

sell the sooner I've locked it up and

made the win are real and it's not going

to turn into a loser so here's what I

started doing I set up hot keys on my

computer so I have these um and I'll

show you just show you here just for a

second so you could see here so these

are the keys that I

use and the way I have it set up is um

shift one is to buy and contrl Z is to

sell my full position and this is

selling at the bid contrl X sells half

of my position at the bid contrl C sells

a quarter of my position and so what I

did was I actually took away the sell

the sell full position I changed the

script on it to only sell half my

position because my instinct was to bail

out when I was up just a teeny amount I

said the only thing I I need to just

start you know rewriting that and so

when I have the urge to sell the whole

thing I'm going to change the script on

that button so I'm only selling half of

my position and that was a real game

Cher for me cuz it kept me in my

position longer at least half of it but

at the same time it sort of did give me

that little bit of gratification that I

needed of like locking up a small winner

and after I've sold half I adjust my

stop to break even on the rest of the

position so now I have guarantee that

this is going to be a winner now

eventually I got better at not selling

half until I saw an exit indicator so

what do exit indicators look like when

we're looking at a stock chart and we're

looking at these candlesticks the exit

indicator is the first candle that makes

a new low so if you've been holding this

whole way up and you and you didn't sell

any of it then as soon as you have a

candle making new low that is an exit

indicator because at that point you

don't know how much this is going to

pull back now as it turns out selling

down here wouldn't have been great and

you would have actually gotten right

back in a moment later but as a beginner

Trader you have to have a set of rules

that you follow and so you hold until

that first candle makes a new low now

what some Traders will do is they'll

scale out selling half or a quarter

scaling out a little bit into profit and

there's nothing wrong with doing that

especially when you have big green

candles like this cuz you have these

kind of big green candles it if you

don't sell until the first candle goes

red well now this is kind of a a large

amount that you ended up giving back as

it came back down so that's when you do

want to start taking profit into a move

so when I first get into a trade what do

I want to

see number one I want to see that when I

first get in if I'm getting in down here

right if this is my entry right there

what are the things that I want to see

so let's list them out with a marker

that's working well so number one I want

to see the price move up

right price should move up obviously if

I timed my entry correctly and I got

into the first candle make a new high

the wave is already moving up so I

should be getting in here and the wave

should just continue higher so that's

not a big ask for the price to move up

should it move up I you know I would say

at least 10 cents within one minute of

entering the trade just to quantify it a

little bit more so like it should move

up pretty quickly number two I want to

see um

buyers on the time and sales which would

be in other words green on the

tape so when we're looking at the level

two we want to see we've got the bid on

the left we've got the ask on the right

so you've got something that's like 550

by 560 let's say and then you have your

time and sales window usually right next

to it and this is where what we want to

see is a bunch of buy orders going

through 560 5

65570 green on the tape we want to see a

lot of buyers okay these are the two

things I absolutely want to see I'd also

like to see

large green

candles okay large green candles so now

let's inverse that we'll invert it so if

I want to see all of those things in

order to feel good about a trade in

order for me to see an exit indicator a

reason to sell a reason to sell would be

I get in and the price is not moving so

if I got in right here and the price

doesn't go up 10 cents in a minute I'm

going to get out if there are not any

buyers or green on the tape I'm going to

get out if there are not any large green

candles I'm going to get out and what

might happen just for instance is I'll

have an instance where I got in and then

the next candle goes red and I get right

out now this would not be typical if we

had a good volume profile and if all of

our indicators checked out but the fact

is my accuracy is 68% of the time so 32%

of time I'm going to be wrong I'm going

to have the right idea but you know I'll

be wrong and I just have to cut my loss

quickly but if I get in and the price

moves higher moves higher moves higher

and then up around here let's say right

around this area the price sort of stops

moving we stop seeing buyers on the

level two we start seeing red on the

tape

or we start to see the formation of a

red candle those are exit indicators so

we start to get a small red candle up

there right that's NE indicator the

price is now moving down we now have

sellers on the tape and we're having a a

red candle it's the opposite of a green

candle so sometimes what can be helpful

is when I think about everything I want

to see for this trade to work I then

invert those and those are my exit um

exit indicators so my exit indicators

here are essentially when I'm not seeing

all of the things I need to see for the

price to be moving up that has been

really helpful for me now if you had the

discipline to not sell until you saw an

actual exit indicator you would do

really well because most Traders

including me a lot of the time sell too

soon and when you chronically sell too

soon unfortunately you're capping your

upside profit potential and the fact is

what a lot of Traders do when they get

into a trade that doesn't work they get

into a trade it's a losing position well

they don't sell too soon they just keep

holding so let's just say you had um a

chart like this you had a nice move up

you had a little pullback here and then

you have one of these candles where the

price goes up um and then it comes back

down so when you have one of these you

got in first candle makes a new high it

squeezes up and then it drops back down

you didn't sell and then the next candle

goes red and it breaks the low now

there's a lot of traders who just keep

holding and now you're looking at this

and it's like you're stair stepping

lower you made a new high but it

rejected for whatever reason it rejected

and the fact is all your technical

indicators could check out but there's

some guy you know some guy in his stupid

office in New York City who has a big

sell order up here for 100,000 shares

and this guy just ruined the chart it

could be one one order one Insider

whatever it is he's got that giant cell

over there he's blocking the way so okay

whatever it happens chalk it up as a

loss or get out Break Even or even for a

small winner if you're in at a good

enough price but do not just continue

holding but a lot of Traders do this

they'll keep holding and they won't just

sell half they'll hold full size all the

way down they're going down to the ship

and this is a problem because what this

does to your profit to loss ratio is

your average losers are big because

you're holding full position down 50

cents a dollar a share or more but

whenever you have a 50 Cent winner well

you sold half when you're up 10 cents so

now even if you sell the other the rest

of it up0 50 cents your average winner

is still only you know 20 cents or

whatever you sold halfway too soon

that's the problem so again if you're

selling half too soon change those

hotkeys change those orders so you're

scaling out more slowly into the move

and try to teach yourself if you can not

to sell until you have a valid exit

indicator again success when it comes to

reading Candlestick charts can be

simplified if you just focus on using

fewer indicators focusing on the best

setups and building a strategy around

where your metrics are showing you have

success if you want to download a PDF of

the strategy that I'm trading every

single day it's pinned to the top of the

comments and it's linked in the

description you can download it you can

print it out you can use it in your own

trading and practice it see if it works

for you because this is a strategy I've

been trading now for more than a decade

fulltime so if this episode was

interesting and helpful I hope you hit

that thumbs up I hope you subscribe to

the channel and I'll see you for another

upload just like this real soon