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Hahaha "I'm in the green! Everyone, let's go out for drinks!" I remember those days all too well. It was exhausting. That's why I LOVE rules-based trading and I'm so glad to be over that phase. Great strategy as usual Steven, thanks for sharing man. As a member of the EAP for 3+ years who is now profitable I still get a massive amount of value out of these free RU-vid videos and learn something new or reinforce an important concept every single time, and I know I'm not the only one 👍 keep 'em coming bro! You're an absolute legend
Wow, this was something I figured out after analyzing the charts endlessly. And to see you break it down like this.... you are good. I stumbled upon your channel and I have been watching it ever since.
I am amazed every time this man talks. He is a very hardworking guy and this is the reason why he is so popular as a trading teacher on RU-vid and beyond. Thank you for all those helps which you are doing for us.
All you need to know in one sentence is that Steven Hart is the legitimate king of rules-based trading. This is, in my opinion as a pro trader for 5 years, THE most important presentation you will ever see, especially if you're at the beginning of your trading career. Thanks for the amazing free content on your channel Steven!
i think u are by far one of the best teachers on line and i wish u and all ur followers best of luck. my question is cn these strategies be applied to stocks?
Steven, you are a f....ing legend mate. Your videos are unliveable. I posted on another video comments that I am actually growing my account and not constantly drawing down with losing g trades. IVE combined a mix of the strategies that you have shown for myself which so far has given me results that I never imagined I could achieve. THE strategy along with simple risk management and the hardest part .. being disciplined have helped me so so much. I cant thank you enough mate. You are an inspiration.
Triple time frame, analysis. Sheshhh. I'll be using all of them. Monthly, weekly, daily to understand where prices are heading. I really take the time to analyze the candlestick because their very important to me since I only trade price action. Once I have my overall bias, on these higher timeframes than I go to the 4hr too look for desire areas to enter, than I'll look on the 1 hr, 30 min or even the 15 min to get the best entries possible, not risking anything more than 30 pips. Yea that's how I do it. Also I'll look at the COT report each week to help me determine my market sentiment. Which helps a lot. Didn't watch the video btw, it was in my notification, 😂. Plus his strategy are just ain't it cheif trust, not trying to confuse myself when I have my strategy set. Only commented too help other people out.
3 time frames. triple confirmation. Always trade in favour of the long term trend. Smaller time frames are more about precisioin timing and taking advantage of temporary pull backs. The market gives us gifts every single day. Pure gifts of pips. Sometimes tons of pips. Just got to understand it. Once your eyes are open and you get it. It's like wow...why didn't i see that before. Have Rules. Strict rules. What do you look for. Do you see it...yes....no.... that's it. You know how often you lose and we all lose some. It's playing the odds. I go to vegas and i play 10 hands of cards but i know i will win 7 so i put the same amount in the pot each time. i leave plus 4. Always know what you stand to lose on the trade. What is 1 pip worth. X your stop loss. If you are cool with taking that hit and your trade set up is in your rules of when to trade then hit trade.
Great advice. I always find that the more the confluence of time frames and indicators is the more likely the trade will be successful. It will drastically increase you odds. Keep up the great advice man.
Good video but what made you choose that particular area on 4h timeframe the way you did...why not make it bigger or smaller? What made you draw that red area in the way that you did?
The video is good, ... but to be more consistent in success, one needs to further find and identify contraction zones, before entry...in the video, I believe the entry was made in a consolidating zone, which is prone to risk of hitting the stop loss- the contracting zone came hours later, then again a consolidation zone and the real reward soon thereafter, that’s the entry point,....also reference to the ATR -average true range would be good to place the stop loss and know one’s target
I like your freakin' style dude! market selling! my man! lool! Great Strategy man! I trade a lot on price action. But like watching your videos! Thanks for taking the time to share your wealth of experience!!! PRICELESS!!!
Haha! This is where I’ve often failed to control my emotions and got out of the trade, Guess what? and it happens all the time. Now I don’t do that mistakes again. Thanks 🙏 man. You’re really awesome 👌👍
It’s very simply. 1. Use higher time frame to get a directional bias. 2. Look for price to begin contracting on a 4h/15m (this means institutional money is looking for liquidity to enter) 3. Watch for the expansion (institutional money entering and liquidating retail traders) 4. Enter the trend in directional bias once breakout occurs.
I've taken a forex course and watched many youtube videos on forex strategies and still whenever a strategy works for a week or a month then I don't see that pattern again on the market and then I have to look for another strategy. So I am wondering is it the profitable traders that don't share their real knowledge or this is all about being consistent and it will work eventually?
I am curious, do the same rules apply for Stocks and Cryptocurrencies? I think in general it is the same, but there could be few differences? As cryptocurrency market is very volatile for example.
dont zoom into 15min id think ur getting a worse entry. take the breakout. ur sell is so strong, right.. so take it! sell on an up candle, why sell on a down candle.
Hi buddy, gr8 video. I am from India. I want to open forex account for trading.... I am. Looking for a reliable Brooker. Would you suggest me one plz..... M waiting for your reply seriously
hey steve,my Risk Management is watching your videos after i open a trade with a strategy i learnt here,i C.E.S.T Then as my trades run till they hit targets i watch your videos to avoid overreacting to pull backs...is that a good Risk managment skill,please reply
Minute 7:05 I didn't understand how the red candle is closing below the low of the previous candle. It looks that It does not closing. Can somebody help me to understand?
I Have been following you and your lessons for sometimes now,you are an amazing trader and educator.please how do i have your email address?because i want to send you a private massage. Thanks.