ilmscore | Master The Multiple TimeFrame Trade (I bet YOU missed this one detail that makes ALL the difference)

Master The Multiple TimeFrame Trade (I bet YOU missed this one detail that makes ALL the difference)

Published: 2020-04-21
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
A breakout trading strategy called the '2020 Strategy' involves using the 20 EMA on both daily and hourly charts. For a long trade, the market must be above the 20 EMA on the daily chart, with no candlesticks touching it. On the hourly chart, after an impulsive move up, there should be at least two pullback candles that do not touch the 20 EMA. The entry is triggered by a buy-stop order placed at the high of the previous swing high, with the condition that no candles touch the 20 EMA during the pullback and breakout.
"The 2020 strategy is based on a 20 EMA on the daily and also heavily on a 20 EMA on the one-hour chart. Our same rules for trend we need the market to not be touching the 20 EMA at all... and on the one hour chart I need to see an impulsive move pushing up followed by at least a 2 candle pullback from the swing high... I need these two candles and not to touch the 20 EMA at this point... I'm putting a buy stop order right here at D high... the market to come up and break through this swing high again none of the candles can touch the 20 ma if any candle touches the 20 EMA it invalidates the trade I'm looking for very very volatile breakouts with this strategy."
2020 Strategy - Breakout Trade
Pending
A specific sell-stop order setup for the 2020 strategy is detailed: the market must trend below the 20 EMA on the hourly chart, forming lower lows. A pullback of at least two candles must occur without closing above the 20 EMA. The sell-stop order is placed at the swing low preceding this pullback.
"We want to see a market trending under the 20 EMA that means that we're putting in lower lows under the 20 EMA we want to see a pullback that consists of at least two candles and does not close above the 20 EMA and then we are going to place an order... I would place an order at the low before the pullback the swing low before this pullback occurred that's where my order goes it's gonna be a sell stop order"
2020 Strategy - Short Trade Example
Pending
For a long trade using the 2020 strategy, the daily chart must show the market above the 20 EMA, with a full candle closing above it. On the hourly chart, a swing high followed by at least two pullback candles that do not close below the 20 EMA is required. The order is set at the high of that swing high.
"we're making sure that this market is above the 20 EMA and we have a full candle that's closed above the 20 EMA that means it's not touching the EMA at all and it's above the EMA giving us a bullish trend on the daily chart with that being the case we are now looking for a swing high in a bullish trade... a swing high followed by at least two candles pulling back that does not close below the 20 EMA and then we have our order set at the high of that swing high"
2020 Strategy - Long Trade Example
Pending
A buy-stop order is defined as an order to enter a trade at a price point *above* the current market price, contrasting with a limit order which is placed below the current price for buying.
"all a buy stop is is you getting into price above where current price is it's like a limit order but instead of having to be below price if you're wanting to buy with a limit order and let's say price is right here your order has to be below price but if you want to buy with a buy stop order and the markets right here your your order is gonna be above where price is currently"
Buy Stop Order Explanation
Pending
The speaker claims to have used a day trading strategy earlier that day to achieve over 120 pips profit in under an hour, with early access to this strategy being available on Instagram.
"I'm actually gonna post a day trading strategy and I'm gonna post it here on YouTube as well but I'm gonna wait two days before I post it here on YouTube so you want first access to the day trading strategy that I used earlier today actually to make a little over 120 pips in less than an hour then that will be over on Instagram later on today"
Day Trading Strategy Performance
Pending