Live Forex Trading & Education - New York Session - 5 Min Scalping
hey guys good morning good morning welcome to another live session of stock sniper trading hope everyone's having a really good morning so far we're coming off a really good night with the first day of our boot camp um ron is absolutely killing it guys so for all the members like i said you guys got extreme value of the candlestick characteristics and then obviously we he broke down into some live trading so shout out to ron for doing that uh guys we did uh six to eleven so a huge long session and uh it was very informative so shout out to uh ron for doing that and shout out to all the members for joining us it's uh it was really informative so just wanted to say thank you guys but before we do anything guys obviously just in the chat box i want to give a shout out to all the people that are commenting and subscribing right away you guys are awesome as soon as we go live there's about 50 to 60 people on there so that's huge um and guys just one thing obviously in the description um we're not financial advisors okay so any trade is taken upon yourself please understand proper risk management if you don't know what that is obviously consult with an advisor we're just providing free technical and fundamental analysis um guys and just to be transparent like uh the charting that we do um it might not always hit right so you guys just gotta understand that certain risk and make sure to trade with lower lot sizes because yeah some people if they just learned that i think they'd be a lot more effective with uh with their trading so guys but with that being said obviously you can see have gold on the daily right now so we're going to do a top-down analysis on gold and then i'll jump over to gbp usd because i know a lot of people like that but what i have right now um there's about 170 people on here so thank you would you guys want me to chart gbp usd or gold first what are you guys thoughts what do you guys want me to do you guys just let me know in the chat and i'll start right away we can see that gold on the daily is making a nice high it found a little bit of a bottom here from yesterday and now it's currently trading at 17.93 all right so let's uh let's keep that in mind let's check out gbpusd you can see this is from yesterday obviously we had a nice little double top forming out of supply and then we had a nice little sell-off here all right so okay gbp gold you all right guys so you know what let's chart gbp usd first all right we'll change it up a little bit you can see it's very bearish here um and then we'll work at um charting gold right after okay so it'll get take about 10 maybe 10 15 minutes to chart both so just keep in mind a little bit of patience here it's 6 40 right now all right so i started the stream a little bit earlier so we can maybe catch a 7 am move we can watch gbp usd obviously but gold is going to have a nice little move at 7 as well so we got to keep that in mind so guys when we're approaching previous structure which is support this is going to be daily demand all right so you can see clear as day that price has made a three bar play here and then consolidated which is sideways trading you can see because that nine ema all right and then you had the continuation with that moving average the next trend started because of this candle right here which is a bullish engulfing candlestick all right so that is a cont a reversal pattern but also a continuation pattern based out of the actual sideways trading ranging and consolidation movement whichever way you like to call it you can see clear as day high ignited candle a lot of volume being pumped up to have a nice little move breaking through the 200 ema having a double top a little bit of potential divergence nope there's none here on the daily so that would be maybe on a little lower time frame but you can see now we curled off broke below the 50 line and now we're starting to make our way down on gbpusd all right so and guys just keep in mind everyone has different ways of charting right so if my charting is different from yours you know my numbers and the areas might be a little bit off simply because we're actually using tradingview alright so just keep that in mind as well all right so you can see clear state i want to actually remove the nine ema and uh that way it's a little bit easier to chart a little less on the chart when you're doing your um your analysis so remember i like to use white or pearl as you can say for uh basically higher time frame support and resistance and uh once we get under hourly all right we're going to use baby blue all right bearish engulfing candlestick all right completely engulfs these previous candles right here leading into the breaking of the 200 which is a continuation of this downtrend all right so from the daily let's actually mark this right here so you guys can see go command on the daily all right perfect and then let's drop it now down to the four hour all right so you can see that we're still in a nice little trend still having nice selling pressure more ignited candles starting to fall but now we're coming into the area where it had a double bottom here right followed by this bullish engulfing candlestick which led to that trend we talked about on the daily all right give me one second guys let me just play my music here all right there we go perfect okay so make sure you tighten everything up here when you're charting obviously just keeps your charts cleaner less room for error i want to see this candle right here starting to get a little broken down so we can actually find some clear support and resistance based on about probably the hourly or the 30 minutes okay okay we're currently you can see the price line right there it's a little uh it's you can't it's not it's faded a bit but you can see it's getting held up right at this previous uh it was once resistance now acting as support starting to break so we're clearly in this area right now three six three one three and next area three six two three zero all right so if we start to break here guys you can see from the hourly i was just showing you there is not much there's a volume ignited candle here which will break down on the 30 minute but you can see if it starts to drop there's a nice little zone that it can drop to on the hourly all right i'm going to erase this actually and we're going to add any supplies on there all right a lot of sellers a lot of resistance in that area you can see that buyers have tried to push up rejected more engulfing candlesticks tried to reverse getting resistance here so we know that this is a clear area where there's a lot of sellers actually forming they could have um basically pending orders there you know so we just got to keep that in mind as well so that's why i decided to put one of those zones there i would have put one down here but you can see we're starting to break i want to see what the overall structure is going to do in terms it's going to continue or actually have a reversal type pattern all right so let's just see the zone from here to here okay but a 12 pip sound perfect okay all right so where we're currently trading right now finding some nice little support i'm going to put this as a neutral zone just for now because this has the opportunity to continue break and then have the overall continuous trend as it's starting to do currently you can see on the rsi that uh we are making some on rsi you can see its price is starting to make its way up but on actual price you can see it's starting to go down all right so at what point are we going to maybe get a bounce on gbp usd in terms of divergence okay so that's why i try to i trap that airport as neutral because it might not be right now but eventually we can wait and see if this is going to start to form maybe a little bit of reversal to start to catch up and maybe test this overall supply area all right okay okay 30 minute time frame and this is gbp usd guys if you're not familiar okay just if you're signing on now okay so let's drop it now down to the 15. go back and check to your left guys see there is a few ignited candles here all right you can see that with a four it pretty much this hourly candle was broken down into four um bullish candles which on the higher time frame was acting as an engulfing candlestick so when you start to break down the time frames you can actually get the candlesticks broken down looking for active support and resistance okay now you can see we have nice little areas we can work to at least we have some support if it starts to break before getting into overall daily demand area okay uh generally like five minutes looks nice on pairs but uh obviously holding 15 minutes is also another very nice way to look at pairs in terms of holding long term me personally when i ch when i like pairs when i trade them it's on the higher time frame scalping is very very good but you can get in on the lower time frame and then jump to the higher and that will allow you to stay in trades for longer time okay all right so you can see clear as day 15 minute we're still having that overall sell-off here price is starting to break this previous week so it's starting to come down and retest break through this candle so it's broken through and re-test the overall low which is three six two six six on the 15 minute so let's drop it now down to the five minute all right and let's see previous structure what we have forming here okay so just keep in mind give me one second here okay all right guys this is gbp usd now on the five minute all right you can see we have a nice gap to the downside if price starts to break um this this basically this trap right here was done on the 30 minute so let's tighten it up a little bit don't have it massively sitting on our chart there we go yep guys we're gonna go to gold in one second i just wanted to charge gbp usd before making the overall move okay so this is a five minute downtrend starting to form here all right bouncing into potential potential uh smaller uh lower time frame uh demand area okay so let's clean that up there and then we obviously have the low roughly three six two six six okay all right so let's leave this for now let's go back and chart gold we have about 10 minutes uh okay so some gu key points all right guys remember we talk about 10 15 pips move your stop loss to break even or take profit or slash trailing stop if you hit your target um uh bearish on the daily and we're below the 200 on the daily as well okay guys so just uh keep that in mind um i always like to write some key points just to help out with the overall um you know trading what we're going to do in terms of uh lower time frame okay so i just throw on the 90ma so you can see we're actually at on gu you can see that price made some rejection here bearish engulfing candlestick now continuously selling off we are acting below that nine it's getting rejected every time it comes to that overall downtrend and then it's closing below that nine um until we started the form at the low before we decide to make our next move on gbpusd all right so that's gu all right price needs to break price needs to break out of here at around wait till seven okay if it's gonna hold support it's gonna break and then have your retest similar to how it did yesterday with the double bottom okay but it needs to hold above that nine exponential moving average two okay so we're hoping it'll curl kind of retest before making its next move okay if it doesn't do that then it's going to get rejected at the overall downtrend that's forming all right so it's going to come back here get rejected start to sell off going to the overall downside all right so let's mark that red for parish and green for bullish all right okay guys so let's set some alarms here perfect okay so now we can get back to gold all right look at how much uh look at gold right now okay this is just on the five minute i haven't traded charted anything but you can see it's having a push pull movement right around this 200 wait eight minute wait seven minutes now wait until that hourly can opens up and wait about 15 minutes okay if you catch an overall if you catch like say an engulfing candlestick a piece of price action that you realize could have um you know a significant impact make sure you understand that right before around 7 seven fifteen uh they might have a little bit of head fake action remember yesterday when we had that original first cell and it came back and hit stop loss right the same thing could happen so that's why it's nice to just have a little bit of patience watch how the hourly candle opens and then it closes before making its overall next move okay so this is gold on the daily i'm going to take off the 9 x mentioned moving average i still have my 200 on there all right now we're looking at doing a top down on gold okay as you can see that there is a wide area in terms of demand sorry supply all right i'm using the basically the level down there'd be another one up here all right but price seems to be closing below these two previous candlesticks you can see they tried to push it up close below and now we're pretty much hovering around that 200 ema all right so obviously we didn't make it back up here and hold it pretty much got rejected around 1810 they made a high of 1813 okay guys if you if you joined uh and just talking about our webinars and stuff like that uh please send us an email and we will get back to you as soon as possible we had a massive influx of people who were wanting to work and join the boot camp so if we missed don't worry about it we'll make sure to get you in okay all right all right okay so remember this is gold on the daily price tried to reject made a low of 1771 then he had a nice little push wick all right price then opened retested and then you're starting to walk up you're getting a decent amount of volume in here but now it's starting to pierce through that 200 exponential moving average you can see that the candle opened up now it's kind of forming a little bit of indecision right now before having its overall next move okay so i don't need to put demand and supply chart labels in here anymore hopefully you guys can understand by watching the channel that red zones are usually supply unless marked otherwise green zones are demand and then if i put it white it's pretty much a neutral zone whether that's a thing or just my thing that's how i like to do it people might do it differently so just remember all charting is done specifically to the actual trader itself okay what are you guys thoughts on gold do you guys think gold is going to be bullish or bearish what do you guys think okay guys let me know in the chat what you guys think let me know what you think about gold okay and also while your chart while you're chatting there what do you guys think is um uh what are your spreads on gold right now all right that's very important to understand when you're trading okay sorry guys just trying to get everything done okay so a lot of people are saying bull bear if you're not familiar with spreads guys keep in mind that um it's really important for you to know about these when you're trading a lot of people have thankfully and nicely dropped their their spreads so just make sure you understand terms of gold in terms of spreads okay so about two minutes until we have the next candle starting to form here which will be the hourly candle open okay all right so four hour now down to the hourly tighten everything up here you can see right now on the hourly gold pushed found some demand some supply which would be buyers okay and now we're traced back up came back into selling pressure and now it's retracing coming back down trying to retest the buying area but you're seeing a lot of bottom wick so the buyers are already staying there okay so there's no real news today either guys so let's wait and see and see how everything plays out you could get some erratic movement so that's why i mean use smaller lot sizes if you're not familiar with trading on this type of time frame okay okay okay for the people signing on this is gold down to 45 minutes sorry i should have been on the hourly all right we gather information on the hourly and then we'll drop down to 30 minute my apologies about that that was my mistake there we go you can see if we draw this right across every time it tries to come up gets rejected wick down appears resistance coming out of this daily supply now we're retracing all right okay so now we can drop down to 30 minutes tighten everything up okay we're tracing out looking for some bounces see how many touches this guy's got uh you know one two three and then every time it's touched at 200 it starts to bounce so you can see that they are trying to break it but there's still a lot of support there in terms of buyers um just make sure when when you're trading this around the 200 like i said you're gonna have some consolidation for making its overall next moves okay there we go it is a double top guys you have a one peak here two peaks there okay we didn't put rsi yet on here so this is on the 15 minute right make sure to put on the 50. and uh guys if you watch the original videos when we started the stream we never really used rsi okay we just started putting it on to show you guys uh that you know indicators can be used and a lot of people they were requesting rsi for some reason they they really like trading with it so that's why we did it we listened to the people as much as we possibly can okay so if this is a top guys double top this would be the neckline area that it's actually forming in right now okay so put it neutral because this could go bullish or bearish depending on the pop zone all right and it's on the 15 minute okay okay peak peak closed lower all right now massive selling pressure leading by this bearish engulfing candlestick led by three candles a little bit of indecision right here but we have the continuation now we're making our potential next move all right remember that was on the 15 minute okay we still have to get through the five-minute support and resistance here so you can see clear as day five minute that's what 15 minute looks like all right a lot of bottom wicks there so that's why you're seeing that price previously on the lower time frame okay about a minute and 16 left here before the overall next big moves all right you can see guys overall neckline on the 15 minute starts to break this area right here we lead into hourly demand all right so just keep that in mind remember there's a lot of opportunities for this to still get potentially bullish momentum for making to the upside alright the m pattern is on the 15 all right i should probably mark that on there just so you guys can understand okay this one right here is a w pattern okay so it came down here found some support pushed made a little lower low all right and then found some nice little bullish power coming out of near the demand that's why you're getting that push to the upside okay but the end pattern that i looked for was on the 15 minute okay so thanks for pointing that out make the change just so you guys can understand that okay okay so let's watch and see there's about seven seven seconds left for the overall move okay so we can change this to baby blue alright which is lower time frame support and resistance all right okay so you can see we're starting to form a little bit of an uptrend here on the five all right but we're also battling that overall bearish downtrend okay okay so you see how now starting to form a little bit of support at this 200 let's throw in the nine okay there's a price just opened up first five minutes has now gone through this is now 705 candle all right here's your seven 705 you can see it's kind of influxing right in that triangle that we have forming here waiting for the actual breakout okay hey mark uh by the way i just looked up your profile mark clang uh you are you are on the site and uh you do have a username and password okay i'm just looking this up right now um you need to remember your username and password okay um but i have you registered on november 1st okay and i have you updated and i have your telegram username but i sent you an email you sent me your name i sent you an email saying i need your telegram username okay so you are uploaded my man i just wanted to check that really quickly because i saw your uh your your messages okay okay so two minutes and 37 seconds all right you can see now that price is having the continuation starting to of overall selling pressure we're gonna see if it's going to hold this overall five minute trend okay a little bit messy right now all right you can see the ema every time they go up and touch they're getting rejected so it's starting to make higher highs and higher lows if it gets below here guys remember we have an overall m pattern forming on the 15 minutes so we could have a continuation all right but let's just give this a little bit of time price has opportunities to go either way if it starts to break here remember we have that overall 15 minute m pattern forming oh sorry guys see how it's spinning rate and decision rate within this it's coming to an apex right here guys okay coming right to the end before it makes this next move yeah mark no problem buddy i thought i remember your name from signing and stuff you just have to remember your username and password okay you just have to remember that and uh if you want us to reset it or anything like that let us know there is also forgot password there so okay one minute and 20 seconds here let's check out the hourly we have some people wanting to look at the hourly okay so remember it's bouncing out of hourly demand okay we're getting rejected from hourly supply so supply and demand okay give me one second here oh there we go mouse has been a little finicky right now guys sorry there we go 1795 guys a high roughly 1795 the low is 1790 okay right around that 200 high low within that range so 50 pip range right now that we're trading within all right so there's your overall outlook okay this is a little bit zoomed out if you zoom in on the 15 you can see this m pattern that we're forming here double touching here a double touch in here neckline which is the neckline on the 15 before making potential continuation downtrend rate into the hourly demand area okay so when i have that on there guys that's just for that all right okay starting to follow this pathway right here okay but four minutes left see how it got rejected at that 200 still closing below that 9 ema all right the ema is in a downtrend you can see every time price hits it it's getting rejected and it's starting to sell off trying to break this overall neckline right here give it some time we'll see if it's going to have the follow through or if it's going to pick up overall support because it has done it now twice you know this made a little lower low from up here but um price closed once previous structure rate as uh at around 1791.5 right so when i put in these areas right here it might be a little bit different from yours all right just because uh trading view can be a little bit off but um they are roughly within the same area okay all right so let's write some key points on here uh okay but just under three minutes before making overall you can see there's not much movement yet all right mentioned 7 15 will be probably the next time in the next obviously about three minutes before we see the overall continuation of movement over the reverse okay everyone says gold's going up gold's going down yesterday everyone said gold was selling and it just kept continuing to the upside okay so let's wait and see what's actually going to happen here jordan smith i like what you're thinking guys i like how you trade we have wix on the four hour all right remember we did higher time frame so when you come to the higher time frame look every time it comes in this hourly supply area getting rejected if it starts to sell guys all we're doing is filling this bottom wick coming back into the demand see i was hovering bouncing kind of consolidating sideways trading all right put on your 90ma it's still in a trend but you can see price now is starting to find some support acting as like a little bit of a diving board okay now trying to push it way up so let's wait and see jordan good spot though buddy very good spot we're waiting for everything to come around if bullish it's going to come around this to this moving average before making its next move all right and guys here's the news for today all right if you guys haven't noticed 4xfactory.com very
good uh news outlet okay it's probably one of the best ones in terms of informative a lot of people's brokers have them on there too so you can check out their uh basically outlook calendar it's still good whichever one works best for you so just go from there all right so you can see 8 30 canadian news not much after that all right so we might get some indecision movement trading we can see mall buddy we have tons of videos like this on our back end of our website okay basically have live webinars weekly all right check it out stocksnippertrading.com okay explain what we get all right so look at the dxy2 it's still hovering right around that 200 okay so pushing pulling but it's being sucked back in and drawn to here previously we were trading away from it so that's why you're getting these nice moves all right but now in because there's no news we might be waiting might be consolidating for the next uh big moves to happen all right so uh let's check out gbp usd real quick sorry okay so gu started to break out and go in this bullish pathway right here it didn't break here and start to sell off so let's wait and see if it's going to hold this overall trend and start to walk to the upside or if it's going to start to get some rejection here you can see it's starting to form a little bit of a curl it's hovering right around that 50 mark okay before making its next move guys i'm going to flip over and chart us 32 i personally like trading us 30 the best it's really the only one i i like to trade i don't always look at trading pairs guys so when i do this i'm mostly doing it for the stream all right but i like us 30 the best okay i just telling you guys this live so you guys understand gold as well gold as well but us 30 is the one that i definitely like trading the most okay and it's about four minutes left on gu you can see it's starting to find some support right here um in terms of moving average but also live price very weak though there's not much volume being pumped in here right so if you got that move i didn't put on any graph or anything like that so if you got that move maybe four or five pips okay wait for the retest on this 200 we might have a continuation let's look on the 15 minute time frame okay you can still see we broke out nice little bullish momentum here now it's just getting held up right at that 200 sorry that nine wait for a little bit of a re-test down here to see if it's actually going to hold the brake and we'll see if we're going to start to have that continuation if not it's just going to hold here and start to fold back down and start to test this overall zone that we had right here okay we'll we'll trade nasdaq two guys nasdaq had the massive move double top yesterday which was very nice so we'll definitely trade nasdaq as well all right so here's potential retests on that nine exponential moving average all right so it's 7 17. we've got to wait and see if it might actually retrace here start to make a little bit of a bounce and have a continuation to the downside or if it starts to hold like i said that support and then have the continuation which will follow this pathway all right so here's gold remember starting to form that 15 minute neckline break so short position would be right here guys all right if you're looking at putting any kind of stop loss you can put it at the 200 that would be following this pathway right here okay and the reason why i'm saying that is simply because of this overall neckline break that we talked about on the 15 minute it's now coming towards that 200 look for the overall break to continue nothing is even close to being bullish right now so let's just watch this pattern and see if we're going to get a follow-through leading into some demand area all right remember the trade you're looking for a quick 5 10 15 pips depending on it looking for the overall next move because we are balancing in this we're coming into a higher time frame demand area where a lot of buyers have once previously been okay m patterns are strong chart patterns all right that when you find them on higher time frames they do have nice follow through for the overall continuation all right and remember it's zone to zone trading guys okay so supply here and pattern on the 15 now we're bouncing into demand so guys even if you're in this trade right now remember you can still look to take some partials all right the end pattern is starting to form so you're roughly maybe up maybe 10 pips waiting for the continuation okay last thing you want to happen is this thing to start finding some support right and then it starts to come sorry one sec starts to come back down in this area and then have a retracement that's the last thing you want because it is a demand area there's a lot of pressure and there's a lot of like i said formation on that neckline but that would just be the last thing you would want to happen okay remember how i said gold had to break above that exponential moving average for the continuation didn't even come close it kept getting rejected kept getting rejected rejected all right that's why you have the follow through with that overall end pattern 15 minute okay so that would have ran maybe 10 pips okay nice little trade before now we'll watch and see if we're gonna find some support or resistance here okay guys if you're in this i suggest looking to secure some partials out of it the only reason why i'm saying that is because we're f we're coming into a uh a 15 minute demand zone okay that's why you're getting that top wick um but just always make sure have your stop-loss nice and tight uh in terms of your account all right you i have no idea what's going on with your accounts or what anything is going on so you want to remember that you use proper risk management that is the key to this okay okay let's check out the one hour here okay remember we talked about this demand area price is starting to shoot back up okay 10 pips liam typic good for you buddy remember how he talked about guys 10 15 pips that's the key let's look at the 15 now okay so you can see now it's trying to break below that 200. look at this
guys okay came into demand now it's starting to retrace starting to maybe potentially close above we'll wait and see here that's why i told you guys look to take some of those profits you can see now they're trying to push it back up here's your re-test candle for the overall break right so remember i was mentioning to you guys the same thing kind of happened yesterday so let's just wait and see if they're gonna have the follow-through this is the re-test for the potential neckline here okay all right remember here's your neckline price tried to break down now you're getting that retracement just because demand and the actual retracement on the five minute is just the retest of that neckline okay so we're gonna see if we're gonna get some follow through guys that's when you follow the pathways right here okay you notice that i put them coming below the zone all right i put this on after to show you this is the overall pathway okay that i'm drawing this one you can see it's above the moving averages so if it's the price starts to come down here all right and it found some support and walked its way up this would be the area that you could look at potential opportunities for the reversal all right so let's watch and see what's going to happen here oops sorry so current time is 7 22 all right there's about two minutes and 25 seconds left on this current candle here getting a little bit of indecision there's not much volume right now guys there's not much movement here had a nice little trade sell-off here looking for the overall next big play but there is not much movement as of yet let's watch till 7 30. and then we'll look at maybe gathering some nasdaq or we'll look at charting us 30 one of the two okay so let's look now okay so remember we talked about quick little scalp drop now coming into the overall demand that's why you're getting these buyers starting to re-test here okay let's check out gbp usd for one second i think gu is probably starting to melt here there you go guys okay so remember we talked about the low volume close right here as soon as price came in here all right you can see the consolidation movement that it made it's no volume k then you started to have bears come in and then you obviously overhead your massive massive retracement here okay so short-term pullback leading into making a lower low which is your continuation okay and that big candle happened at 7 15. so remember i talked about always the 15-minute candle all right it's really important for you guys to to watch that seven to sorry the hourly opening up to 5 10 15 so the first three candles will really help determine what the trade is actually going to be for the continuation now it can be negated and news can happen and a lot of erratic things can happen but that's just the way that i found in terms of sculpting and it's just because we're going based off that overall 15 minute candle because when you're scalping guys on five minutes it's nice to look at the 15 minute and hourly candle all right so guys i think gold is also going bullish here so remember when i told you quick in and out of the trade let's wait and see remember i told you guys balancing out a demand okay this wick is closing higher than this previous wick okay so that's why the buyers you can start to see let's check with our rsi it is still below all right it is still below and they're not making any kind of divergent place here so this could be just a short term pullback right before re-test before making its overall next move so let's wait and see how this candle is going to start to form before we're going to have a continuation guys okay if you're new to the channel read the description read the description in the channel okay you'll get the overall picture what we're trying to do here all right okay so here's your retracement now bouncing out of demand let's see what's going to happen at this overall moving average area okay let's wait and see could get rejected see how it's closing pretty much indecision right now a little bit of small body that's almost a doji candle right so it's in decision waiting to make its next move okay you can see it's getting some resistance here at that nine all right but it's a key you see how it's a key area right here finding some support some support and the resistance is the overall top of the basically the trap okay okay let's check out gbp usd real quick okay so key area right here guys you can see clear as day it's starting to break it tried to nothing broke out for the continuation but it's holding that nice support all right the overall trade the bottom wick was this previous candle that just happened at 720 but they're starting to push it up and closing it you can see that they're still following that overall downtrend that actually is uh was on a little bit of higher time frame so guys if gu if gu starts to find good support here this could act as a neckline and follow this pathway for the overall potential opportunity for buy so this could form a double double bottom all right coming down here could be a neckline starting to get a break here the overall neckline break for the overall continuation all right so that would look like this all right if not it could get rejected obviously the same spot and have its continuous reversal here all right so let's just watch and see sorry for all lines here guys just trying to show you different pathways let's wait and see if this is actually going to follow through okay okay guys so about a minute and 42 seconds left on gold i'm going to do some resistance at that 200 set an alert just in case we go and charge something else so you can see the overall break it didn't break any further guys and they're starting to push it back up so that's why i mentioned to you if you got that nice little candle drop all right i did say start to look at uh grabbing this you know what i mean simply because the reversal can start to happen as soon as you can see it's starting to test that uh 9 ema all right then there you go now it's starting to break okay so now the area that it's next started they're going to come is the overall 200 okay so guys remember if you're in this you would have had your stop loss to break even because it ran about 10 pips okay so if you didn't that trade would have obviously hit your stop loss if it didn't hit it there okay there you go over alert now it's pretty much hitting your stop okay that's why when i say it's quick scalps in and out goal is 10 15 pips that hit found some support here now we're working our way up and i did mention that as soon as it bounced in here you want to look at having that continuation possible movement just because it's a lot of buyers accumulating right there okay all right so let's wait and see what's going to happen here in terms of the overall next big move on gold all right so that trade roughly ran maybe about 10 pips if you caught it and depending on your spread maybe about eight depending so was it worth it that's what i mean if you're not if you don't understand taking uh partials and stuff like that or even taking trade that's a key indicator and same thing happened yesterday actually uh pretty much sold off ran for about 10 pips and then um like i said it had the reversal and then gold ended up going extremely bullish where a lot of people kept trying to say that it was bearish and and it wasn't gold ran yesterday hard all right so but um you can see now that it's trying to push and it's getting some ranging motion sort of right now some sideways trading right around that 9 ema and now you can see it's starting to rise it's starting to find the support okay so that's nice and it's starting to walk to the upside here so but it's around that 200 guys look at that flush flash okay if you guys saw that that's erratic movement that's why sometimes trading gold it's best to if you start to see that just to leave it alone okay so it's uh it's a tough thing especially when you're trading gold because it can have erratic movements especially when there's no news okay so let's maybe move this over here let's take off this alert all right so only areas i'm looking for longs pretty much when it gets up here okay let it get through all this noise there's a it's um if you do watch the stream you don't understand every time i say that it comes around the 200 with the moving averages you're going to get some consolidation sideways trading movement stuff like that so just keep that in mind that it is out there right now all right so just watch be patient be careful with this understand that price can have any kind of erratic movement right now okay so let's check out gbpusd because we have potential double bottom forming there okay so previous resistance or sorry previous support is now acting as previous resistance here so it's fighting in a heavy overall downtrend all right gu is extremely bearish all right that's just on the 15 minute let's check out the hourly okay so even that neckline will be a short term pull because look at all this selling pressure right here on gu okay at that candle right there guys that's huge that's a massive candlestick on gbp usd so if we are going to do any kind of bottom out here it's going to need a huge formation candle a lot of volume to kind of get past and start to push through this overall 90ma as well as the the overall negating of all the selling pressure that was once there okay guys what do you want to chart would you like to go with us 30 or nasdaq first let me know which one you like to do okay one uh yeah there's a good time in the morning gold can be really good honestly like usually we have good moves on gold but you just got to always remember that there's going to have some erratic behavior on it usually like yesterday we caught a nice little break the same thing happened yesterday it sold off for about 10 and then it had the reversal right so uh it does happen pretty much all the time in terms of as soon as it gets around the 200 so when i when i say like gold can be difficult it can but like it's it's more when it's in consolidation you know what i mean it's head fake action so the best thing for to do is actually just to leave it alone all right so i'm just looking right now um okay we have gbp usd here going okay nasdaq 3030 okay a lot of us 30s here guys okay guys what we'll do is you know what we'll we'll do nasdaq and we'll trade us 30 somewhat how we're doing yesterday okay i can do that for you give me a second here let me do some charting real quick okay and we'll go over and do nasdaq for one second here okay okay look at nasdaq had a massive move right here around 7 30. all right so let's now get to the daily so that massive move as you can see is just a little bottom wick right here okay it's just a little bit of a bottom like probably from the close of that body to the open that micro movement right there is probably what that big candle was all right look at nasdaq guys remember how it dipped yesterday and then it picked it right back up very bullish very very bullish here okay you can see it's steady up trend here for me guys if this isn't obvious to you you know what i mean you got to check it out steady up trend here forming on the daily steady all right we'll see if we're going to start to get maybe a break before making the overall retracement here all right if not this thing can still go very very bullish okay so on the daily four hour now tighten this up we'll move that exponential moving average out of the way here all right you can still see it's formed that uptrend there all right clearest day on the four hour for our option okay nasdaq so then we have now hourly okay holding support here made a nice little touch okay you can even draw to the bottom of these candles right there and guys when you chart doing the top down you can hold these this chart for you know i mean quite some time you don't have to erase it and i do it every time just to show you guys but you can see clear as day that if you hold these for like you know all day they do apply sorry guys give me one second here deal with my dog sorry guys sorry about that all right so clear as the nasdaq on the hour let's see now from the overall 30 minute perfect okay and i use the bottom wicks guys everyone can use their own method whatever they like to do not saying this is the only way to do it there's plenty of different ways all right okay you can see nasdaq has been finding some nice little support all these bottom wicks okay key area right there in terms of finding some support which is demand all right then you have a nice little push holding on that hourly this is actually four hour up channel okay so holding on the four hour uptrend and now we're starting to walk our way up this is a trap right here when you have your overall breakout that's what just happened on nasdaq all right so here's the 740 uh we're currently on 740 and we're going to wait and see what's going to happen next we want to retest this up here and supply or if they're going to hold this resistance right here and start to sell okay okay take a look showing you guys starting to go bullish out of demand here all right okay now let's drop it dude to the five perfect that's what i wanted to see all right you can see every time comes into this area it starts to get some resistance here okay three minutes and 30 seconds on nasdaq on the five minutes all right you can see what that big push has now led to into current five minutes higher around ten five ten minutes supply all right before we're going to make our next big move potential nasdaq around maybe eight o'clock all right okay it starts to break here guys let's add on our 9 ema so far we are away from it okay so you can see this crossed rsi broke to 50 line that's why you're having that ignited candle starting to break through all right all right as soon as it broke here you can see the moving averages crossed that 200 that's where you're getting that push to the upside okay guys i'm watching gold too it's pushing and pulling having i told you right around that 200 if you guys didn't believe me i hope you can see it it's having some reversal now i'll go to right now okay it's getting rejected rejected at that 200 okay so the same 1791 right you can start to see it's still falling this pathway here's your retest candle for the overall continuation all right so it came up here rejected would have blasted through maybe two three stop losses but the overall trade is still continuing bearish here so if you guys got in there you know what i mean that's good if you got hit on this one that's fantastic but you can obviously look there's a re-entry here we were charting something else okay i got away from it i didn't like the way gold was trading but obviously i did see a little bit of a bearish downtrend starting to form and also remember we still have that we do have that neckline pattern here for me okay so keep that in mind that's why you're overall getting that potential selloff here all right gold is really trying to continue to sell so for the people who are wondering what what just happened right here okay because obviously this would have hit stop all right if you held its tight stop loss right this is only an example all right an example of about five pips okay some people they give it at least 10 20 pips i'll be honest with you from what i have know what i've talked to other traders and stuff like that they like a 20 15 to 20 pip stop loss this is five so this is tight you can see we were maybe off by two so if we had a 10 pip stop loss which maybe would have been at this previous week right here looking for a one-to-one trade there's about 10 right there okay 10 would be at this previous wick people ask about stop loss and everything so if you have an account that can withstand a 10 pip stop loss maybe do 10 20 pips depending on it you guys can see every at least in our group anyways you see whenever we go our trade ideas it's always 10 20 pips depending on your account all right so just keep that in mind uh but obviously we put it at the 200 just to be more safe than sorry than cautious on a stream all right so that was only five pips and you can see that it tried to pierce through there three times and it held resistance and that's why you're getting that overall continuation of a cell so that was like a retest for the continuation so it's interesting what will happen next um it's still trying to bounce in this overall demand area it's still holding nice support but if it really starts to hold here this could be maybe forming a neckline on the five minute for a double bottom all right so let's just wait and see here you know we'll wait uh see how this play forms uh for potential breakout uh but remember this could act as a neckline too right we have the 15 minute cell which would be an m pattern but uh if price starts to gain a lot of momentum and starts coming back up here this could act as a nice little neckline to charge for the break around 1793.4.5 area looking maybe to go bullish right so let's wait and see what's going to happen on gold okay so the overall right play was there it's just the stop-loss for this was too tight okay um like i said 10 10 20 pips is the way to go you know if it was bullish guys it would have came up here but it didn't it just started to sink you know what i mean um and there are some guys who do agree that maybe 10 20 pips is a good stop loss uh that's what i suggest on the streams like i said i just try to play it as safe as possible okay so okay so remember we talked about that 15-minute break so here's that neckline break guys it's starting to form okay so this is why it's nice to find chart patterns um in terms of higher time frame and then go to your lower time frame and then look for your entries for the overall opportunity it might take some time to play out all right but overall you can see that that m pattern neckline was it played out nice all right it played out nice okay so let's drop another five so you can see clear as day that price is now getting pushed back up and holding in this demand right now okay so made a bounce there it started to break so it did follow this pathway and it dropped a little further actually so now if you if you did sell again if you did scalp and you didn't get hit move your stop-loss to break even guys that's like the best thing i could i could tell you all right trey good question 10 10 are we buying or selling guys the opportunity for buying is up here okay so if you're new to the stream this is the overall area you can see the green area selling was down here 10 15 pips tray that's why you use smaller lot sizes all right you know what i mean smaller lot sizes will give you a nice opportunity to have a wider stop loss all right so okay just checking here guys so now you can see that gold is starting to find a little bit of a bottom wick okay a lot of buyers are starting to push it back up we haven't really even charted what's going down here all right but you can see clear as day it started to push and then it's finding some support right here made a nice little buying opportunity right there okay now we're getting a nice little push the overall second wick all right so just as fast as it drop now you can start to see it's starting to fill a lot of volume for the buyers starting to create this bottom wick all right if you guys are going to hold just remember move your stop loss to break even okay that's the probably the best thing i could tell you to do all right okay so let's wait and let's check out gu for a second here guys okay so gu is starting to where the heck did that go here remember we talked about this neckline here if it starts to really hold we start to now i'm seeing this keeps getting rejected right there let's see if it's gonna it's now above that nine let's see if we're going to find some support here and starting to walk its way up all right okay so it's now getting uh you can see the top wick is getting pushed back down it's uh that's around 1790 okay 0.1 1790 area you can see that's starting to push back up now the sellers are still continuing for that overall pressure looking to go to the downside all right so if it starts to sell again guys that's the overall opportunity 17.89 all right now guys remember this is just showing you your prices like when i put these
price flags on here it might be a little different all right might be a little different even when i trade on my phone like i'm telling you it's different okay so use the general area give it about two point like two three pips in the general area right before making that actual decision okay and the same thing goes with your spreads guys so when you're trading with here so remember when i say about five pips like you guys got to understand that that's just being conservative right when you have a higher stop-loss your spreads are going to come into play with that as well alright so keep this in mind guys very important for you to understand that one spreads are very important to having proper stop loss is very important and then three is just being relaxed relaxes trying to be relaxed as much as possible all right so wasim buddy guys shout out to wasim he went big today i follow him i'm gonna post it in here he's in our group good job buddy perfect all right so now you can see it's starting to find a little bit of that bullish i guess you could say volume there's a little bit of buyer starting to come in now and just remember we're still in that hourly demand zone all right okay let's check out gbpusd and then we'll look at nasdaq for one second here there's your neckline guy and we talked about this there's your neckline right there if you're wondering what you don't know what a neckline is it's a continuation pattern all right let's see if it's going to follow through let's get some world time frame we'll set an alarm on here is already one okay and we'll set another potential area so guys for all you guys wondering about like how to set up trade ideas and stuff i'm doing it right now it's the neckline area anywhere in here guys remember if you want to have wider stop loss use your wider stop loss okay that's about seven pips if you want to have it even to supply area that's why you can have a nice opportunity there if you want to have a nice five pip at the bottom wick that's what you can do all right let's see if this is trade is going to play out you can see the 200 exponential would be the overall target let's see okay so let's watch gbpusd let's check it on the 10 minute you can see it's finding some nice little opportunity here a lot of bottom wicks okay it's starting to bounce right here looking at making its way up all right you can see clear as they look how we have that steady downtrend on gu okay i want to show you something here steady downtrend on the 10 minute all right now you can see with the change in action price has started to switch and potentially forming a nice little uptrend form formation okay so let's just watch and see how it's going to play out this potentially could be a continuation place so let's just watch be patient with this and go from there okay you're looking at maybe about 10 pips okay around 10 pips minus your spreading commission and the stop loss could be about 10 pips could be a one to one all right so let's just wait and see here watch for the retest guys we're going to see if it's going to have an overall continuation all right sorry us3 i want to see nasdaq that's what i wanted to see okay so nasdaq is perfect remember how we charted nasdaq from the top down so as soon as it came into this overall short lower time frame supply all right you can see started to sell off here so if you guys are starting to pick this up supply is sellers okay that's where they're having pending orders that's where they have previously sold off before anytime it's in demand which is buyers you can see clearance day that the bottom wicks are starting to have a formation of the bounce all right so you can even update it based on that and then we have a four hour uptrend forming okay look at gold still continuing okay i want to flip that just i'm watching gold too i have a couple monitors here guys look at this right here this is what they want to do see that wick they want to have that overall fill all right let's wait and see the gu flying guys let's check it out remember gold guys remember gold we have the overall opportunity here i want to add an alert there okay guys there's gbp usd okay so remember we talked about this neckline here demand area so you can actually flip we put this neutral all right this was a neutral area first i didn't know if it was going to break or if it was going to reverse all right but as soon as it started to find all these bottom wicks here right you can see i just explained this to you had an overall downtrend okay and then it had a nice little uptrend starting to form here and guys all that was this done was just by charting technicals that's it that's it there's no fundamentals here happening there's no news there's nothing here all right and this is done on the five minute it might be different from the way you're used to doing it but if you chart like this and you learn you know i already was in the gold trade guys i posted in the group yeah i got to sell right now i'm waiting to see the overall move on gu all right how did i spot a neckline right here you see the resistance price started to find some support got rejected there now i'm waiting right here this is the area where i'm looking for the next potential move do you see this engulfing candlestick this is why you guys don't understand how valuable our boot camps is guys when ron breaks this stuff down i don't i hope you guys really pay attention okay because this whole move why i put a neckline there was from this candlestick right here all right that's a bullish engulfing candlestick and look price op the wick opened up higher than this previous wick all right that is why i saw maybe a potential neckline on the five minutes starting to form all right guys if you're in this trade move your stop loss to break even okay for real move your stop loss to break even it's starting to run all right whether you believe it or not i personally don't care if you guys see what's going on here it speaks for itself i don't care if you believe me or not it makes no difference to me whatsoever i can still sleep at night and be happy if because i know that a lot of people are benefiting from this type of analysis all right so keep in mind that's a bullish engulfing candlestick breaking through the neckline here and if you don't believe it why is this going bullish then you know what i mean look at it okay it just hit the trade there's your trade right there on gbp usd okay i is gj flying too like i admitted yesterday i'm not good at trading gj guys like i'm not so i don't i don't really trade it too much and it i could probably do really bad if i do it live right but gu i like it i understand it okay so now you can see starting to break to the upside guys and if guys in the actual boot camp if you guys can see what what we did last night what ron explained to you what an engulfing candlestick is it's a reversal pattern we were coming in a downtrend and now we're going switching to an uptrend so do you see how valuable it is to memorize price because as soon as you started to see that engulfing with a neckline that's your double bottom all right so guys in the boot camp i really hope you guys see the value that you're getting in terms of live all right i i hope you do one second okay so now you can see there's a lot of top wick here remember i mentioned to you anytime it comes around this 200 you're gonna get some resistance guys look to close this trade look to run it whatever you like to do this is up to you you've done this okay you guys gotta understand don't get greedy all right if you get if you got into the neckline the thing ran about maybe 19 pips all right maybe ran about 19 pips all right so just remember look at that top whip now okay we hit it now you're getting the the secondary move here so get out if you're didn't take it from here if you're not happy with 20 pips guys i don't know what to say 10 15 pips move softlock to break even take the trade or to have a trailing stop is the goal it's on there so you make the decision based on what you want to do all right it's up to you let's check out gold here okay i see something for me on gold let's start charting this here and look at nasdaq in a second so gold did actually it did not fill this wick okay these wicks are starting to close higher than each other so we got to watch this all right there's still an overall downtrend forming here you can see it alright we need
2021-11-09 06:10
