Live Forex Trading & Education - New York Session - 5 Min Scalping

Live Forex Trading & Education - New York Session - 5 Min Scalping

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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

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