3 PROFITABLE Support & Resistance STRATEGIES (Advanced Video...)
Published: 2019-02-14
Status:
Available
|
Analyzed
Published: 2019-02-14
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Eurodollar previously exhibited a trend continuation structure level (TC SL) where a break of resistance created a support zone. This zone was then retested and provided support for further upward movement. A similar pattern was observed in a downtrend where a break of support created a resistance zone that was subsequently retested, leading to further downward movement.
"here on the Eurodollar we have a great example of our TC SL that comes in way of a push-up then a pullback and then a break of wrist resistance level right here this was our one to three that we were looking for we didn't need another break of the highest resistance level and once we get that break of that highest resistance level this then becomes our zone that we are looking to trade in and that's exactly what we get is a pullback into that zone the market then finds support from that zone so at all times this is what we're looking for trending markets classified by a one two three move after we have our classified one two three we then look for a break of resistance once we get a break of resistance that resistance becomes support and vice versa for a downtrend let's see what you find a downtrend example here on the euro dollar it should not be that difficult alright so here looking from the far left edge of the screen starting at this swing high here you can see that we have a downtrend example of this we have a market that pushes down this would be our one impulsive move this right here would be our two pull back this would be our second impulsive move after that what are we looking for we're looking for the market to break and close below this lowest level of support so we get this pullback we get a break in close below that level of support then what do we know then we know that this is the zone we're looking to trade in as an optimal level of structure and this is exactly what we get we get the market pushing up into that zone and then continuing in trend to the downside"
Pending
The Eurodollar presented a swap level where a prior resistance zone was broken and then acted as support. This level was retested, and then after further price action, it again acted as resistance. Another example showed a level that swapped from support to resistance, and upon retesting this swapped level, it acted as resistance again.
"here on the Eurodollar we have a great look at a swap level here we push up to a resistance level we push down to support we break through resistance what happens then we pull down resistance becomes support we then head a little higher we make higher highs we pull down that resistance level becomes support once more and then once that resistance level is broken through this is where it's really important to pay attention once we're broken through that swap level remember the swap we have a swap here we have this level less resistance pushing above and then as support pushing up once we have that swap we know that once we push below that level that's the level we're looking at to provide trained continuation once that we break below it so we've had that swap and then now that's what becomes our major level of possible trading or high probability zone we'll keep looking off on a couple more examples here on the Eurodollar of this as well here we have another example of a structure swap level if we look right here we have support pushing up to resistance we pull back down support here we push back up to resistance what is that well that's a level in the market that is swapped from support to resistance now that we know that level swapped from supported resistance we had lower we consolidate a bit but if we bring that line over once the market gets back up to that swap level after heading lower a bit we actually find a great amount of resistance there not only once but twice from this level as well and this is a good example of using that swap level as a possible training area or a high-probability zone in our trading"
Pending
The speaker identified a specific level on the Eurodollar around 1.1133 that has been tested seven times. This level is considered significant and the speaker will be watching it for potential counter-trend bounces on higher timeframes.
"now for instance let's go ahead and actually talk about what I would be looking for here on the Eurodollar when it comes to the next level that I'm paying attention to the next level down let's say since we're currently in a downtrend well the next level would be right here and hopefully you can see why that's the case this specific area has been tested once twice three four times five times six seven times and now if the market gets down to that level around one point one 133 that's a level I'll definitely be paying attention to for some counter-trend bounces here out of the euro dollar and this is how I normally use this 3x tested level of structure is for counter trend plays out on higher time frames"
Pending
A Canada Yen trade was executed based on a trend continuation structure level (TC SL). The trade involved a 1-2-3 move, followed by a pullback to a previous structure resistance level. The trade resulted in hitting multiple targets with a 3:1 risk-reward ratio.
"all right traitor so we were finally entered in onto this Kennedy in position I'll keep you guys updated as it plays out we'll also talk a little bit about this analysis as well so we'll go ahead and do that in just a second welcome back to the Canada yen chart we were just taking a look at as you can see our trade was actually placed right here where these blue lines are pointing this was the area in which that we placed the trade and as you can see from the area in which that we placed the trade the market is exactly what we expected pushing up to hit multiple targets on this trade and this trade gas was placed based on exactly what I've been showing you in this video this was based around the structure trading techniques that I use each and every day in the markets that you're learning right now so let's talk about it why do you think I was interested in this trading opportunity based on what you've learned from this video well let's do a starting point from here we have a push up we have a one to three move after that one two three move what are we waiting on pull backs into what the previous level of structure resistance because we know that we are in trend continuation TC then what are we looking for at the previous structure level TC SL is what this trade was based on is this is literally exactly what I use in order to place this trade and look for a TC SL found one here on a 15-minute chart again this is not timeframe sensitive it works on the any timeframe when the market pulled back I used a specific entry reason that I know gives me an edge over the market in this TC SL zone and that gave me a winning trade and a winning opportunity tended up hitting multiple targets ended up with about a three to one risk reward set it up being a really nice day trade so and more so a scalp trade on this low of a timeframe but ended up being a nice trade and that's just a trade based on what we're teaching you here in this specific video"
Pending
The Canada Swiss pair had a trend continuation structure play earlier in the week. This zone was identified and predicted to move up over 100 pips. The play involved a 1-2-3 move, followed by a break of resistance, creating a support zone for future trades. A trading plan was built around this zone, and the market subsequently moved up over 100 pips.
"here we go Canada Swiss this is a pair we actually had a really nice string continuation play on earlier this week and we pointed out in the pro trader report which is a report we do each and every week for members of the pro trade report one of our newest programs link is in the description not a sales pitch whatsoever don't click it if you're not interested but this is from one of those pro trader reports so let's take a look at this and we're gonna dive into exactly how to build a trading plan around this what we're looking at is a trend continuation structures on why do I say that well based on what we just looked at in this video we looked at and before we even do this I'm gonna put a screenshot to the left over here of the pro trader report so you can see that I pointed out this zone before the market came into it and his since pushed up over a hundred pips I pointed it out way before hand using the exact skills I'm teaching you right now so what happened here is at rank atten uation structure zone we have a market pushing up pulling back pushing up this creates what are one two three move after we have that trend continuation move we wait for a break of that resistance level once we have a break of this resistance zone we then know that zone is going to provide support later on or at least we know we have a high likelihood of that happening and the only reason I know that is because of the testing I've done take and test it yourself don't don't comment below later on and be like these levels don't work because you tried it once and you're like the scenario we just discussed you lose a trade and go this doesn't work and get mad at me go out and test it yourself created trading plan around it otherwise you're not really trading you're just gambling and that's it so we have a trading plan built around this which means the market came in to that area we placed a trade based on that and the market has since moved up over a hundred pips or so"
Pending