The Moving Average Trading Strategy I Was Never Going To Share...(Revealed)
Published: 2023-05-13
Status:
Available
|
Analyzed
Published: 2023-05-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker intends to demonstrate a live trade execution after a detailed analysis.
"I'm about to place this trade live with you here, but I want to do this analysis and breakdown first before we actually place the trade."
Pending
The strategy involves identifying a 'one two three reversal' pattern and waiting for a pullback to the 20 EMA.
"So with this strategy we're looking for this move, this one two three reversal, then waiting for price to pull back to a specific moving average in this case the 20 EMA."
Pending
The speaker indicates an immediate intention to enter a trade based on the outlined strategy.
"So with this being the case, this is how I would like to place this trade, I would go ahead and enter there, which I'm about to enter."
Pending
The speaker is demonstrating the final step of placing a sell trade.
"This is literally the entire process of placing a trade at this point, all I have to do is Click sell."
Pending
The speaker plans to explain a bullish application of the trading strategy and then discuss trading psychology.
"So now with that out of the way, let's go take a look at a bullish version of this strategy, then we'll talk about that underutilized way to master your trading mindset."
Pending
A deviation from the 'one two three move' is noted, but a significant impulsive price move above resistance is considered a valid trading signal.
"Now I will admit in this case we do not quite have a one two three move, but what we do have is a large impulsive move breaking above the previous level of resistance."
Pending
The speaker identifies a specific price area of interest for a trading opportunity based on the strategy's conditions.
"So let's see what price does after pointing out our structure level, so this would be the area that I would be interested in a trading opportunity from based on the conditions of this strategy."
Pending
The speaker details the calculation for setting a stop loss using the Average True Range (ATR) for a specific trade.
"So the way this position would look is something like this, I would take the ATR of this candle, which is currently 58 Pips, so let's go 58 add that to the bottom of this wick, which means we have about 113 Pips for this stop loss."
Pending
The speaker introduces a method to address negative self-perception in traders stemming from short-term trading results.
"This is where this little hack comes into play, so many Traders see themselves as bad or inadequate based on the results of a single trade or a single week."
Pending
Profitability in trading is linked to accepting and acting upon statistical advantages over a significant number of trades, rather than predicting individual outcomes.
"Our ability to be profitable relies on our ability to understand and accept that we are trading based on a statistic advantage that plays out over a large sample size of Trades."
Pending
A professional trader's approach is based on statistical advantages over many trades, not on predicting short-term market movements.
"As a professional Trader, I am not trading based on what I know the Market's going to do next. I am trading based on a statistic advantage that plays out over a large number of Trades."
Pending
Profitable trading is achieved by relying on statistical advantages, as exact market movements cannot be known regardless of skill level.
"You will be trading when you are profitable, not based on what you know the market will do. No matter how skilled you are, you will never know what the market will do at that exact moment."
Pending
The speaker identifies a large sample size of approximately 100 trades as the basis for profitable trading, driven by statistical advantage.
"What you will be trading based on when you become profitable is a statistic advantage that plays out over a large sample size and for me, that sample size is about 100 trades."
Pending
The speaker is offering mentorship to 500 traders with the goal of helping them achieve their trading objectives within the current year.
"I am currently looking for 500 new or struggling traders to mentor and help accomplish their trading goals throughout the remainder of this year."
Pending