Easy & Profitable Trading Strategy For Beginners (Forex, Stocks and Crypto)
Published: 2021-10-26
Status:
Available
|
Analyzed
Published: 2021-10-26
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker will outline a specific Forex trading strategy and provide outlook for the next week.
"I'm going to be explaining the entire strategy to you and we're also going to take a look at the entire Forex market and I'm going to explain to you what I'm looking for going into next week based on this strategy."
Pending
The speaker will apply the described trading strategy to Bitcoin and Ethereum.
"I'll also be giving you my analysis based on this strategy in the crypto Market with Bitcoin and ethereum."
Pending
The speaker will detail a trade on AUD/CAD based on specific conditions, stops, and targets.
"let's go ahead and get started taking a look here at the Aussie Canada so this is an extremely easy strategy when I say easy it's based on two different market conditions and then based on stops and targets that's it"
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The speaker identifies a Head and Shoulders pattern on AUD/CAD and describes their trading approach to it.
"put in what looks to be a head and shoulders pattern if you're familiar you've probably already spotted that after this I just wait for a pullback to my previous shoulder this is the way I trade Head and Shoulders patterns"
Pending
The speaker intends to provide a forward-looking analysis of the Forex market based on their strategy.
"what I'm looking for going into next week based on this strategy"
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The speaker will offer an analysis of Bitcoin using their trading strategy.
"I'll also be giving you my analysis based on this strategy in the crypto Market with Bitcoin and ethereum"
Pending
The speaker will offer an analysis of Ethereum using their trading strategy.
"I'll also be giving you my analysis based on this strategy in the crypto Market with Bitcoin and ethereum"
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The speaker is currently in a trade on GBP/CAD and will explain the rationale behind it.
"here's another trade I am currently in now let me go out to a daily chart and tell me can you see why I was interested in this as a trading opportunity"
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The speaker identifies double top and double bottom patterns as key chart formations they trade.
"finding a double top or bottom or a head and shoulders pattern"
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The speaker is currently in a losing trade on GBP/NZD and will discuss it.
"let's move on to trades that haven't happened yet starting with the pound New Zealand which is another trade I'm already in but I'm losing in it currently which is totally fine"
Pending
The speaker prepared for a trade on EUR/USD two weeks prior by identifying a specific level.
"here on the euro dollar here is the preparation that goes into this I pointed this level out two weeks ago on the euro dollar"
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The speaker is waiting for price to reach a specific level on EUR/USD and form a chart pattern before entering a trade.
"I'm just waiting for price to get to this level and create some type of price pattern"
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The speaker is anticipating a pullback into a specific area on GBP/USD for a potential trade setup.
"here on the pound dollar I'm waiting for price to pull back into this area"
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The speaker is waiting for confirmation of buyer entry after a double bottom on AUD/USD at a major structure level.
"what am I looking for let's see if you're you're catching on right now if we have condition number one met we're inside of a level of major structure we have condition number two met we've created a double bottom my next step is to wait to see if buyers are going to take control at this next bottom"
Pending
The speaker identifies a key support and resistance area on Bitcoin between $57,698 and $59,047.
"next up what I'm looking at is an area on bitcoin between 59047 and 57698 this is an area that price has used multiple times as support and whoa that is a huge black line as support and resistance looking left"
Pending
The speaker expects to see double bottom or head and shoulders patterns on the 1-hour chart for Bitcoin trades.
"in this area I trade crypto the same exact way I'm going to be looking for a double bottom or a head and shoulders pattern on a smaller time frame like the one hour chart"
Pending
The speaker plans to re-enter a position on Ethereum if buying pressure emerges from a major structure level on the 4-hour chart.
"I'm buying back in if we end up getting buying pressure from my first buy Zone which is this major level of structure so this is condition one my major level of structure on the four hour chart"
Pending
The speaker will look for double bottom or head and shoulders patterns on the 1-hour chart for Ethereum trades.
"what I'll be looking for now is what a double bottom on the one hour chart in this area or a head and shoulders pattern in that area on a one hour chart"
Pending
The speaker has a secondary area of interest for Ethereum chart patterns between $3,640 and $3,760 if the initial setup fails.
"if that fails or if price just continues pushing lower in that instance and in that case I'm waiting for price to get down here between the 3760 3640 area this is another area I'll look for those chart patterns"
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The speaker emphasizes that not all trades will win and highlights the importance of risk management and a statistical edge.
"every trade is not going to win this is why we have things like Risk Management this is why we must have a statistic advantage"
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The speaker defines a rules-based strategy as one that provides a consistent advantage over time, not just for individual trades.
"this is why we have to find a way of trading that produces a consistent Advantage not right now not in one single trade but that advantage that plays out over a long period of time we call that Advantage a rules-based strategy"
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