Tra
Trading Strategy - Setup 1
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Pending: 25
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Prediction
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Video
For Setup 1, if the market is trading below the 50 EMA, the speaker looks for buy trades.
"if the market is trading below the 50 ema then i'm looking for buy trades"
Oct 18, 2020
Pending
When below the 50 EMA, the speaker identifies the next major structural level that the market is expected to reach if it continues downward.
"if we are below the 50 ema is my next level of major structure that the market will inevitably hit i..."
Oct 18, 2020
Pending
The speaker defines a specific area on the chart as a key level for potential trades.
"my level for this particular trade looks just like this and i'm going to go ahead and put a box here..."
Oct 18, 2020
Pending
The green box on the chart represents a level of interest for long trades on the Euro Dollar.
"this green box is the level i'm paying attention to for long trades on the euro dollar"
Oct 18, 2020
Pending
In Setup 1, the speaker identifies the next support level and requires it to have been touched multiple times.
"i look below and i find the next level of support and i find a way for it to touch multiple times"
Oct 18, 2020
Pending
A key criterion for Setup 1 is that the support level must have been tested multiple times.
"this level of support must have been tested multiple times"
Oct 18, 2020
Pending
The speaker specifies that the lowest points of the support level's bodies should be touched by their drawn box for Setup 1.
"i want the lowest bodies of the support level to be touched with my level my box that i draw"
Oct 18, 2020
Pending
When a support level has been touched twice, the speaker looks for potential buy trades in that area.
"this k in this case we have one touch we have two touches that means in this area is where i'm looki..."
Oct 18, 2020
Pending
For Setup 1, the identified level is expected to offer a bounce before the trend continues downwards.
"i'm looking at this level to provide a bounce before trend continuation to the downside"
Oct 18, 2020
Pending
After identifying the setup conditions, the speaker moves to lower time frames to find entry points.
"i'm gonna go down to lower time frames and look for possible entries"
Oct 18, 2020
Pending
Possible entry signals for Setup 1 include double bottoms, hammer candles, or any indication of buying pressure, including a large green candle.
"my possible entries they consist of double bottoms hammer candles buying pressure of some kind a big..."
Oct 18, 2020
Pending
Following a bearish move, the emergence of a large green candle signifies bulls taking control.
"after this bearish move down bulls took over directly afterwards creating a big green candle"
Oct 18, 2020
Pending
A large green candle that shows momentum is identified as a suitable entry point for a buy trade using this strategy.
"this candle is a place i would put a buy trade using this strategy"
Oct 18, 2020
Pending
The confluence of trading below the 50 EMA, being at a major structure level, and anticipating a slight bounce before a downtrend continuation are key elements of Setup 1.
"we have a market trading below the 50 ema we have a market at a major structure level while we're he..."
Oct 18, 2020
Pending
Confirmation for Setup 1 comes in the form of buying pressure, exemplified by a large green candle, with the stop loss placed below the preceding swing low.
"our confirmation is show me buying pressure big green candle in this case with this big green candle..."
Oct 18, 2020
Pending
The speaker personally aims for a risk-to-reward ratio of 1.4 to 1 for Setup 1 trades.
"for me personally i put my risk to reward at a 1.4 to 1"
Oct 18, 2020
Pending
When trading below the 50 EMA, the speaker looks for the next support level.
"we're below the 50 ema if we're below the 50 ema i'm looking for my next level of support down here"
Oct 18, 2020
Pending
For Setup 1, the speaker emphasizes identifying a support level that is distinct from the one that caused the immediate pullback.
"i'm looking for my next level of support that was not the level that provided the pullback"
Oct 18, 2020
Pending
If the immediate preceding support level is not a trading opportunity, the speaker looks further left and lower for the next significant level.
"if i'm not looking here then i have to look left and lower where's my next level"
Oct 18, 2020
Pending
The speaker defines a trading level based on its history of being touched multiple times, specifically highlighting four touches in this instance.
"for me this level would look something like this because that's the place i can get the most touches..."
Oct 18, 2020
Pending
The identified area, with multiple historical touches, is where the speaker searches for potential trades.
"in this area is where i'm gonna be looking for possible trades"
Oct 18, 2020
Pending
The conditions for Setup 1 are: trading under the 50 EMA, being at a major structure level, and anticipating a bounce from that level.
"we're under the 50 ema we have a major level of structure we get there i'm expecting a bounce out"
Oct 18, 2020
Pending
For the Euro Dollar trade, analysis on a smaller time frame revealed a double bottom pattern.
"i went down to a smaller time frame on that trade the analysis behind it is that i went down here an..."
Oct 18, 2020
Pending
The speaker looks for specific price action patterns within these key levels, and a double bottom was identified as such a pattern.
"i'm looking for price action patterns in these levels and that price action pattern while in this le..."
Oct 18, 2020
Pending
The speaker admits to entering the trade late due to observing the double bottom pattern after it had already formed.
"i saw that double bottom way way after that it actually happened so i got a later entry way over her..."
Oct 18, 2020
Pending