The Only Technical Analysis Video You Will Ever Need... (Full Course: Beginner To Advanced)

Your ability to use

technical

analysis

to make good trading decisions and inevitably make money in any market is imperative, it is something you cannot do without and if you do not understand some parts of

technical

analysis

or if you do not know how to use them correctly, then that is probably a big reason why you are currently losing money as a trader or struggling to make profits over time, so what I want to do in today's

video

is show you

ever

ything you

need

to know about technical analysis. We

will

go from what a candlestick chart is to support and resistance trend indicators to entry patterns and how to take stops and targets.

We're breaking it all down today in this

video

. I'll be pouring all the technical analysis knowledge I've gained over the last decade of my own trading career into a single video, and since I'm doing it completely free of charge, it would be great if you could hit that like button to help me with the YouTube algorithm. You're new, go ahead and click the subscribe button because we publish content like this

ever

y week. You are already subscribed. Welcome. You know what's coming. I'll see you after the intro and disclaimer, so I'll say this. Very slowly so that anyone new to it can easily understand Technical analysis is the study of historical price movements to make accurate decisions about what the market may do next.

Technical analysis is how we make those precise decisions about what the price can do next. Every part of technical analysis is based on price, think of a candlestick chart which is just a visual representation of the price itself, trends are not More than just higher highs and higher lows or lower lows and lower highs in price structure, support and resistance, even indicators are based on price. They are just a formula added to historical price data to plot that indicator on your chart, so due to the fact that the basis of all technical analysis has a price, the first thing we are going to study today is a candlestick chart and I.

I'm going to put a timestamp next to me of the seven or eight things that we're going to go over in today's video that way you can skip ahead if you already know parts of technical analysis. With that being said, let's go ahead and delve into candlestick charts. What you see on the screen in front of you is known as a candlestick chart. Right now we're on a daily chart of the s p 500. I'm going to go to a bitcoin price chart now that we're on the daily bitcoin chart and now let's go to a euro dollar candlestick chart.

What do you notice about the three? They all have candlestick charts, so the basis of technical analysis no matter what market you are trading in, whether it is Forex stocks, cryptocurrencies, the basis of technical analysis in every market is these candlestick charts, but before we can To understand this complete candle chart, first we

need

to understand what a single candle represents, so let's do it now, here are a couple of individual candles and what these candles represent is the price movement over a certain period of time depending on the whatever time period you are on, I am sure you have all heard of time periods, the daily chart, the one hour chart, the five minute chart, depending on what time period you are on, That's how much price movement these candles represent, so let's consider that we're on a five-minute chart, which means that each of these candles would represent five minutes of price movement now, before I get ahead of myself, the Candles have two parts, candles have a body that can be seen. here colored in green and a wick that are the lines above and below the body of the candle, a green candle represents a five-minute period since we are on a five-minute chart, just a five-minute period in which the price rose or closed above where it opened, let's review that in just one second a red candle also has a body, but the body of this candle is red because it represents a five-minute period in which the price closed below or went down during those five minutes to Make this really simple, let me go ahead and explain the maximum open, minimum and closed.

The opening of a candle is where it opened during that five minute period, so let's say the start of our candle is at 12 o'clock, which would represent this candle. is the opening of a candle at 12 o'clock, the low would be the lowest spot price reached over a five minute period the high would be the highest spot price reached over a five minute period and our close would occur at 1205 and that it would be the final price over a five minute period, so it is a green candle, a red candle represents when the price went down during that time period, so for a red candle we would have an opening at the top of the body, This is the

only

difference. between the two candles, the opening is at the top of the body of a red candle because during a red candle it represents a period in which the price closed below where it opened or went down during, say, a five-minute chart, for whichever aperture is the highest. the point is the same is the top of the line or wick of the candle which is the highest price reached in five minutes the minimum is the lowest wick of that candle which is the lowest price reached in five minutes and the close is the closing price after five minutes of data on a five minute chart again, if we start this at 12 o'clock then the closing price would be at 1205 and this candle shows you all the price between all the price actions between 12 and 1205 if you are on a five minute chart, if we are on any other time frame everything is exactly the same except for the amount of time that passes, if you are on a one hour chart then this would be the opening at 12 o'clock. and the close of this candle would be at one o'clock everything else remains the same the low is the lowest point that the candle reached during that hour the highest the highest point that candle reached during that hour so in At this point you need to know exactly what each and every candle represents and we put together a large number of these candles to interpret what the price is likely to do next identifying trends and areas of value, identifying entry patterns, which is all What are we going to review?

Right now, let's dive into a chart, take a look at a couple of live examples of individual candlesticks, and talk a little more about value trend areas and how we can use candlestick charts to predict what the market may do. do below with a maximum. degree of precision, like a quick look at the candles on a real chart, we are currently on the chart for one day of the year in New Zealand, so what does each of these candles represent? They represent 24 hours of price movement or one day of price movement. a green candle represents a day where the price went up or a day where the price closed above where it opened to the right a red candle represents a day where the price fell or a day where the price closed below where this most recent green candle opened, what does it represent? represents the opening of the price here at the beginning of the day the lowest price that price reached is the end of this week the highest price that price made during that 24 hour period is the top of the wick right here and the close of that day is the top of the body of that candle, the opposite is true for a red candle, so now that we have it, let's move on to how we can use a large number of these candles to identify a market trend and make trading decisions. accurate so that If you had to guess what trend the New Zealand Euro was in, what is the chart in front of you, what would you say: uptrend, downtrend or consolidation?

I wish you could say an uptrend and simply put, an uptrend is nothing more. that when a candlestick chart constantly makes new highs and then the higher lows fall into new higher highs new higher lows new higher highs new higher lows new higher highs new higher lows and so on this situation of higher highs higher highs and higher lows is what is known as a trending market and this particular situation would be an uptrend now the reason we use a trending market is because it gives us more precision in our trading. You've probably heard trend following before and most

beginner

s

will

gravitate back to trend trading for good reason.

It adds precision to your trait, can generate better reward for risk setups, and is generally much easier to follow a trend that is already there than to pick the top or bottom of a market trying to trade reversals, so is a good What is trend trading with this market in an uptrend? Which direction would you like to trade in this bullish market? You would like to buy while the market is in an uptrend, but here is the problem with trend identification that I see. all the time and that just doesn't mean really understanding or not having a set immovable goal to identify the trend.

Many traders can easily identify this trend, it is easy to see, but what if the price acts as it normally does and seems? Rather, we have our high low, a new high, but then the price does this and this and then finally rises and then rises again at this point, doesn't it become a little more difficult to identify trends? So, that being the case, I want to give you an objective way to identify the trend right now. What we have in a trending market are impulsive movements, that is, large movements that reach new highs. Here is our impulsive move.

I'll label them with an i. These are the impulsive ones. moves after an impulsive move the market takes a breath we call our pullbacks these are our pullbacks in price this would be a pullback followed by our next impulsive move breaking a high right here impulsive move and again a pullback right here so the Objectively we will identify that the trend is that the lower low of the retracement cannot be broken so that we can remain in an uptrend, so once we have this move we break it and close above our high above, we'll call it our impulsive move once we have it. impulsive move that breaks towards new higher highs, which is what we are looking for in an uptrend, this market is still considered in an uptrend until we break our close below the lower low of the previous pullback, so when we get a breakout above this high here When this market breaks above this high with the new impulsive move creating a new higher high, then this market is still considered in an uptrend until or unless the market breaks and closes below the lower retracement low, which would be where I just got to. put this line, this is the lowest low of that pullback, so as long as the market stays above that low, we are still considered to be in an uptrend and we still want to look for buying opportunities at this point, here we have had what another impulsive move this move is our impulsive move because it broke above the previous high at this point which level cannot be broken so we can continue this uptrend we can't see broken the low of our retracement where is the low which is the lowest point the price reached In this pullback, as long as the market stays above that level and continues to make higher lows and higher highs than we are still in an uptrend, what we don't want to see is that the market turns down and breaks below the previous low of the previous pullback.

I know it may sound complicated, we'll do it in an actual graph to help clarify things. If it sounds complicated, go back and watch this part of the video again. This is how I objectively identify whether the market is trending up or down. It's going to be the opposite, we will also see a downtrend, but the reason we have to have this information is because we want to trade along with the trend of any given market. If this market is in an uptrend like this, do I need to be in it? trying to sell and go short and go against the trend no, because the likely scenario is that we will continue in this trend, we will continue to make new highs and just to show you let's click play and see what happens.

At this point right now looking at the graph, what do you expect to happen? what we have we have our low just when we were taking it to a high a higher low a higher high here is our highest low right here our highest high our highest low our highest high and our highest low now we have done the that created an impulsive movement that we expect after theimpulsive move we expect a pullback but what can't happen this pullback after our impulsive move can't break and close below the low of our previous pullback this is the low of our previous pullback so if this market does this then we expect a possible reversal, we expect this market to possibly go down, but as long as we stay above this previous pullback, we are still considering this market in an uptrend it is still looking for buying opportunities, let's see what this market does, it grows like this, we enter new structure highs and we continue this uptrend here in the Euro, New Zealand, this is how I identify the list of uptrends, now flip the script, flip the coin if you will and take a look at the downtrends and how to identify them to make more accurate trading decisions, so if for an uptrend we are looking for higher lows and higher highs, what do you think we are looking for with a downtrend?

On the opposite side to the right we are looking for a starting point here, then we are looking for lows followed by a lower high followed by a lower low followed by a lower high followed by a lower low followed by a lower high and so on and with This being the case as with the other example, I'll give you an example on the board here. If we go down, it is very easy to identify this as a downtrend. This graph is extremely easy. What happens when price does what price normally does? we get something like this and then the market goes like this and goes up and consolidates and finally falls below this low.

Well since we are just past this you know this is still a bearish trend unless something resembling an uptrend happens, here we have our impulsive moves followed by pullbacks, what we don't want to see is the market breaking out and closing for above the previous pullback high in a downtrend, if that happens then we are looking at a possible reversal, but as long as that doesn't happen we are still in a downtrend and what kind of trading opportunities are we looking for if this market goes down. We are looking for selling opportunities as long as the market continues downward. downward direction, so that is my objective way of identifying the trend and at this point you have a lot of knowledge that you have acquired throughout this video, you now understand candlestick charts, you understand how to identify a trending market, whether it is towards up or down, so if I've already gained value, why not go ahead and smash the like button?

What we are going to do now is talk about how to find high probability areas of value using the support and resistance structure. See you, support and resistance are simply areas. in the market where the price is likely to react from support is an area in the market where the price is likely to rebound or receive support, while resistance is an area in the market where the price of an asset or currency pair or crypto or stocks are likely to fall or decline from these areas are based on the historical price and other support and resistance areas that we can see in the historical data and are based on the decisions of all other participants of the market that we are not going to dive into the psychology of support and resistance in this video for

beginner

s, but these support and resistance areas are useful for three main reasons: you can use them to detect possible reversals, you can use them as entry points in trades of train continuation trading and you can use them to help you determine your stops and targets, so what we are going to do now is go over a couple of them, as I said before, most beginners will lean towards trend continuation trading, so what I'm going to do is show you how to use these support and resistance areas to make better trading decisions while you're in a trending market and I'm going to go over how to use them to help you set your stops and targets, so let's move on, Let's dive into some charts and talk about support and resistance and how they can help us make better trading decisions using support and resistance as entry points into a trending market.

It's very simple if we build on what we already know from the previous lesson on the trend if we were to draw a trending market it would look something like this retracement from low to high, break above a bit of consolidation, without crossing that previous retracement low, so what are we still in an uptrend towards right, continuing and then retracing, continuing up, retracing and continuing up in an uptrend? likely scenario if we are to continue in this uptrend and one of the best ways to look for possible support and resistance trades is to look at the previous resistance level that was broken to become support.

This is how we use support and resistance for entry points in a trend continuation model and in a trending market is to use that previous resistance level as possible support. Let's do a bearish example in a downtrend, the trend would look like this as we get further and further into where we are. What we are looking for in a downtrend is for the market to return to that previous level of structural support that we now expect to become resistance, so this is called a breakout and retest strategy and what we are looking for with this strategy again.

If the market is going to break below a previous support level, as we have done here, return to that level and provide a trading opportunity. We'll talk about how we enter trades later in the video, but what you need to know now. is using support and resistance structure for entry levels in a trend continuation model and in a trending market it is like this and what we are going to do now is take a look at this on the live chart data here we are at that same euro new zealand chart, what did we just discuss?

Well, we want to see the beginning of the trend, so we have our low to high, high or low, followed by our highest high at this point. The reason this is our highest high is because this is where the market made a new high. compared to its previous high and closed above the previous resistance level, that being the case, the previous resistance level is likely to become support for a trend continuation market for a train continuation trade. If we continue looking here, we have a push-up. pull back a pushup to a new high this pullback where would this pullback go if you drew this box right here at our previous level of structural resistance and made it a little bit easier for you to see what you notice?

At this point, with the continuation of this trend in mind, the market reached a new high with our impulsive move and comes down to our pullback. Where does our setback come from? Our pullback goes directly to the previous high that was broken. This is resistance converted to support and this is how we use support and resistance to find entry points into trend continuation. Let's take a look at a bearish example of this. Here we are on the same Australian Euro chart that we analyzed for the trend model that we were discussing earlier in the video. In this case, having our high to our low to our high once we break below this low right here, what are we looking for in a downtrend?

After breaking that low, we would be looking for a pullback and let me remove these lines to make it easier. to see that low as we have it here and a continuation of the trend afterwards as you can see this market pulls back directly to the previous support area it becomes resistance and this market continues to push down this happens over and over again and It looks like it's happening right now on the live chart data here in the Australian Euro. Let's get that out of the way so you

full

y understand how to use support and resistance to find entry points into trending markets.

We have our maximum to our minimum. Our lower high. It happens that we break below our previous low if we place a box around that previous low. What has the price done now? The price has now returned to that previous support level. That's now what a breakout is in the retest strategy, so if it was support, it's now going. be resistance, so at this point, once we get to that level, we can start looking for entry reasons again. We'll talk about ways to enter the market in these types of situations a little later in the video, but for now it's just important for you to understand and understand that we are looking for breakouts and retests of support and resistance levels in trending markets. , whether we are trending up or down, that shouldn't have been too difficult to understand, but it did have a problem.

Rewind the video and watch that section again. Now let's talk about how to use these levels for possible objectives. Let's go back to a bullish example. For a bullish example of this, let's say you got an entry into this area on a lower time frame. You went down and saw a double bottom or something in this area. If that's the case, then the way we could use support and resistance for possible targets is this support level, this box that we draw, we definitely want our stop loss below that level. So if that's the case, we would make sure our stop is below that level, keeping us safe in terms of what we can expect from the targets.

The way we use this to prepare to take those objectives is if we wait for the continuation of the train and Before we continue, see how everything is going? We learned about the trend in the last section. If your retracement has not broken the low of the previous retracement, what is the likely scenario that we break these highs and make new highs and continue at this? bullish trend being that the case, what if you said well? The way I'm going to take targets on this trade is by looking at the previous high and taking my targets there because the likely scenario is that this market continues to go up, so then you would place your targets based on this resistance level right here and that's how uses trend and structure to obtain a good reward-to-risk ratio and accurate trading opportunities;

In this case the reward to risk ratio would have been about 3.6 on this trade, my camera literally just died on me, but I have an extra camera so don't worry. Let's finish with a summary of an uptrend market. What we are looking for is a resistance level to break and then we are looking for the pullback after breaking that resistance level to return to that resistance level then we are looking for that level to become support in an uptrend and in a trending market In a bearish trend we look for the opposite, we look for a support level to be broken and then the market has a setback that returns to that support level.

We are looking for that support level to become the likely area of ​​resistance for the continuation of that downtrend in terms of stops and targets that we are on. using these levels to make sure that our stop loss is beyond that support level that we point out or that resistance level that we point out and we want to look to the left and make sure that our targets are not close to a resistance level for a trade shopping. or not passing a major resistance level because that major resistance level can push the market down, we want to make sure we take targets or at least make stops to break even before the market gets pushed down by that resistance level. resistance, the opposite is true.

In a downtrend with a support level, if you are selling, you want the market to go down, you don't want to be beyond a support level, so that concludes the lesson on support and resistance, we will talk about all of them below. about indicators and how they can help you make better trading decisions, let's do it right now before we start. I need you to make your graph look exactly like this. It's a joke, but trading indicators are formulas added to current and historical price and mathematical equations in order. To plot lines and histograms on your chart, the purpose of trading indicators is to help simplify what price does.

A candlestick chart itself can be very confusing at times, so trading indicators are meant to clean up some of that noise. They can also be used as an invaluable objective role in a trading strategy or in our trading in general to help us have consistency, so essentially trading indicators can help provide clarity on market conditions, they can even help us identify trends. , identify areas of value, help us find entry points and even help. We determine where we want to place our stops andgoals. There are now thousands of trading indicators available and feel free to try and study them all to find the ones that best suit your trading style, but in this lesson I'm going to get to the point.

What I have to do is share with you my top three that I use every day in my trading as indicators to help me make better trading decisions, so let's move on right now to the most useful indicator that I have found and, without exaggeration, an indicator that What I use every time I place a trade is the atr indicator, atr means average true range and what this indicator does is give you the average price movement of the last 14 candles. The way it works is that you add up the price movement to the total number of pips each candle moved from the last 14 candles and then divide that number by 14 to give you the total average price movement over the last 14 candles.

Hope

full

y by now you can see why that's so valuable, but if not, let's talk about how we use this indicator before we do that, let's talk about how to find it in the trading view. Too easy. Go here to the indicators tab, click on indicators and type atr. It is the first one called integrated. any trading platform should have an atr indicator; If you don't have it, you probably shouldn't trade it, but the way we use this indicator is to stay in line with the volatility of a market currency pair or a time period, for example, there have been so many times I see to a trader or I listen to traders and they say, Stephen, I don't know what I'm doing wrong, I keep losing trades and you know I have a good reward-risk ratio, but I'm losing a lot.

I am still losing money in my account and they are sending me emails of their trades and they are risking 10 pips to make 20 pips but they are doing it on every currency pair and every time frame. Now this can work. a five minute chart maybe right on a 15 minute chart, possibly that makes a profit depending on the strategy, but if you're on a daily chart you risk 10 pips when it's the average, if you look up here every time I I move away from my drawing tool. The average movement on a daily chart is 190 pips. You believe that a stop loss of 10 pips will be reached.

Yes, 90 of the time, 90 of the time you will lose that trade because you are not in line with the volatility of the moment. framework you are in, the same applies to different currency pairs, for example the pound euro in the forex world is a currency pair that has a very small amount of movement per candle on the daily chart, we are seeing 50 pips again, look up here in the circle on the right at 48 pips, which is a full day of trading on average for the Euro Pound, while the New Zealand Pound on the same chart look at this day 160 pips, so , do you think you need to use exactly the same stop loss when These two markets move very differently, one moves in small amounts per candle, the other moves in large amounts per candle, no, that's why we need the atr indicator to help us stay in line with the volatility of a certain currency pair or a certain time frame to avoid being hurt by the market If you have ever been hurt on a trade, a lot of that could be because you are not following the volatility of a certain market, so now let me go ahead and show you how I actually use This is in my personal trading, based on what you have learned so far in this video.

What trend is the Australian dollar in right now? Well, we've had a high, a low, a lower high and a lower low. That being the case, are we in a downtrend? Yes, we are, and in terms of structure and support. and the resistance we look for while we are in a downtrend, what are we looking for? We're looking for the previous support level to become resistance in a downtrend and we haven't gone over this yet, but we actually have a nice inverted hammer here or a nice shooting star candle whatever you want to call it, I don't really care about their names, this candle has a long wick at the top again, we'll go over candle patterns in the next lesson, but right now what I want to show you is how I would use the atr to help me predict stops and targets in terms of how I would use that indicator to place them.

Let's go ahead and put a position tool on the chart right now, the back one if you look at the top. The left corner of the screen up here is 67 for Australian Canada. If the atr is 67, what I want to do is make sure that I'm at least one atr above the high of this current retracement to give the trade some breathing room, so if up to that high is 30 pips, as you can see here, this is up to the swing high, so I need to add 67 pips to that, that would be a stop loss of 97 pips.

Now I know I said we shouldn't look any further. support levels like this to take targets but in this situation let's do it anyway and that being the case can I say something like I expect this in terms of targets this is how I use it for stops I make sure I'm at least an atr above the maximum or below the minimum. If I am short or long targets, I can say that I expect the market to move twice the atr indicator, so what is twice 67,134? Now I can have a target of 134 pips and again, this would work better if there was no level of structure in the way, but for the purpose of the atr indicator, just stick with that and that sets me up with a 1.4 to 1 reward .risk ratio this is how one of the ways you would use the atr to place stop loss another way to do this is to just, this is a simpler way is to say: okay, I want a stop loss that is two times the atr indicator. from my entry so it would be 134 from the correct entry and to get a two to one reward to risk ratio I want to have a 4 times atr indicator for my target 134 times 4 is 268 and that would be a 2 to 1 reward ratio -risk and that would be the way your trading setup looks.

At this point, you're giving yourself room for your stop loss and you're taking market volatility into account in terms of finding targets, plus those are the two. ways I like to use the atr indicator, let's now move on to the next favorite indicator which in my opinion I have the second most valuable, which is moving averages. Moving averages are exactly what they sound like, it is the average price movement over a given period. of time, so the red line you see on the screen right now is the 20 period moving average, what that means is that this indicator took the closing price of the last 20 candles and then divided that number by 20 to plot this line on the screen if this moving average was going to be 50 period or look back, period or duration, whatever its definition on your trading platform, may be slightly different if it is 50, although what does that mean ?

It means this indicator took the closing price of the last 50 candles divided it by 50 and this is how this line appears on your screen here now so you can plot this on the chart it should be self explanatory but just go to the indicators here in the trading view, it's very easy, type on the move. average without that weird vocal tone and then down to the moving average and just plot it on the chart. Now there are three main ways I use moving averages. Let's go ahead and dive into them right now. The first way I like to use moving averages. it's to help me define trends, so earlier in the video we talked about candlestick charts and a defining trend with swing highs and swing lows, like I said before about indicators, although indicators are there to help you clarify what you're actually doing. the price, so a moving average is a great objective way to define the trend, the way you would do it is if the price is trading above the moving average of the period you choose for short term trends, the 20 works very well if the price is above 20 then I am in an uptrend and I will do an example on the screen now if the price is below 20 then I am in a downtrend and that is the way we would use an average moving average, a single moving average to help us define the trend and the way we would trade based on that is we just look. for buying trades as the price moves and creates new highs and lows above the 20 period moving average for this short term trend and highly volatile trend, if it stays above the 20 moving average then a volatility trend really high is a good time to trade breakouts, which we'll discuss later in the video, but the next way I like to use moving averages is as a value area, as you can see on the chart here.

Yes, this was carefully selected and it won't work every time, I'm not saying that. buy every time the market hits the 20 period moving average, believe me, I've done it and it sucks, it doesn't work, so let me stop for a second, that's why we have to have a combination of all of these. Technical factors to create a profitable edge over the market in a profitable system, we cannot use just one, but let's go back to the video, this can add confluence to a trade when using this value area with combinations like previous resistance level that was broken and the candle patterns are correct, but as I digress, the 20 period moving average can act as a great area of ​​value in short term trends, as you can see on the chart here, when the market returns to that moving average. get a pop of this pull back get a pop of this pull back get a pop of this now in terms of using moving averages to identify areas of value, there are

only

three that I would use and that is the 20 period moving average that I have here the 50 period moving average we have here as you can see the area value provided by the support outside the market and I bet this will land somewhere around 200 or this, let's give it a try and the 200 period moving average. so those are the only three I would use, damn I was close, those are the only three I would use as areas of value, as you can see the 200 also provides resistance and support, and the reason those three work best is because Those are the three main moving averages used by traders around the world, so it is best to align with them if there will be a group of traders taking long positions on the 200 period moving average, which will cause the price to rise. correctly, that's how I like to use moving averages.

As areas of value again, not on their own, they are not bought simply because the market hits a moving average. I have to combine that with things like support and resistance structure and candlestick patterns and other technical factors, trends and other indicators to create that profitable edge. The third way to use a moving average in your trading or the third most useful way that I have personally found is to use a moving average as a trailing stop. The way it would work is that maybe you have decided that you want to do a rollback trade after you.

I saw something like this, the market broke above a previous resistance, just our trend continuation trade we talked about, we got our high higher, higher, higher, lower, higher, now we are coming back to that resistance, let's say you place a trade there, so your entry would be right here boom, you enter the market and at this point you have a stop loss an atr just below the lows, so let's say here's your stop, I'm going to color that red, what you would do with the third way is use the moving average as a trailing stop, so if you just went for a normal two to one, you would probably be out of your trade up here and that's great, you know you have a incredible two to one reward risk, but if I had used the 20 period moving average as a trailing stop I could have gotten a little more out of this trade making profits here closer to a three or four to one reward to risk ratio , so in a trending market a moving average is used as a trailing stop.

It can be very beneficial to capture more of that trend and essentially capture more targets of that particular trade, so those are by far my two favorite indicators. The other indicator that we are going to go over, although I barely use it, is the rsi indicator because I do. I think there is a place for this when it comes to trading reversals only when combined with other factors like the structure of the higher time frame trend, all things we will look at later in the video, but let's discuss the rsi indicator. right now. Most traders consider the rsi indicator to be a reversal indicator when it is actually a momentum indicator that tells you when the price has been moving in a certain direction for a long period of time.

That's why we don't just sell when the market goes. happensthe ball and buy when the market is oversold, let me digress further with the rsi indicator, most traders think that when the market price is above 70, that means it is time to sell to look for that possible reversal and when the price is below 30 on the rsi which means it is time to buy for a big reversal to the upside, although this can work sometimes without combining this with other technical factors, it is a losing strategy, other technical factors , including important structural trend levels on higher time frames.

Things of that nature, but like I said, there is a place for the RSI indicator. I'm going to go over this very briefly because I know how long this video is going to be and the place where I look at the rsi indicator is if we are at a previous major structural resistance level, when this market enters an overbought scenario and if we have something called rsi divergence where the price makes higher highs and the rsi makes lower highs then we get a candlestick pattern like an engulfing pattern which is an area where I think the rsi is extremely useful apart from using this indicator as a confluence with many other technical factors .

I don't see it as useful as things like the atr indicator and the moving average indicator, but I wanted to include this. The screen here and put it with this video because I think it can be useful when used correctly when used with divergence and higher time frame structure levels and trends, but with that being said, we will do it for the indicators that we are going to next continue. As far as how we actually enter the market, we're talking about candlestick patterns, chart patterns, breakout patterns, the real nitty-gritty, I'll see you there. Candle patterns are candles that form in a very specific way to help us determine what price is likely.

To do next, you may have heard of some of these before candlestick patterns, such as the engulfing pattern, are very popular. Hammer and shooting star candles are extremely popular and there are tons of candle patterns, feel free to study them all, but it is unnecessary because What I am going to do now is give you my three favorite candle patterns that I use in my personal trading, but before To do so, let's talk about how we use these candlestick patterns. Candlestick patterns can be used to help us detect reversals. they can be used to help provide clarity on market sentiment and they can be used for entry reasons and trend continuation and reversal trading, that's what I normally use them for and now let me show you the three candles that I use most often, the first It's called the 382 candle or the 38.2 percent candle and you'll understand why in a second you can be looking at this steven man who looks like a hammer or a pincer and looks a lot like a shooting star, why do you call him Candle 38.2 because the name of the candle pattern does not matter, let me explain to you the reason why I call this candle 38.2 because the role I have for this pattern and what it shows us is the price or the buyers of the market itself i.e.

All of its participants have pushed this market to the bottom of this fuse. Remember when we talked about candlestick charts at the beginning of the video. The price moved this far, but what happened after the price went down? The buyers came in and took. control pushing us back near the highs, this is a big bullish sign for me and a reason to expect bullish pressure afterwards in any particular market. The reason it is called 38.2 candle is because to objectively identify these candles the only thing. I make this extremely simple and let me talk about the reason why I do this first.

If you ask people what a hammer candle is or show them a chart, I'll put a chart on the screen and ask if this is a hammer or this is a hammer candle, you can get two different answers. What I am trying to say is that candle patterns, unless you have rules for them, are subjective and to have consistency in our trading we have to be objective, so I have an objective rule for the 38.2 candle is that I make a Fibonacci retracement from the low of the candle to the high of the candle, as long as the entire body of that candle is above the 38.2 retracement, then I count this as a valid 38.2 percent candle and I count this as a candle that It shows me buying pressure.

You guessed it. It is exactly the opposite for a bearish version of this pattern. A bearish version of the 38.2 candle. What do you think I'm going to do to identify this pattern objectively? I'm taking a Fibonacci retracement from the top of that candle, from the high to the low, and as long as the entire body of that candle is below the 38.2 retracement, then I know that selling pressure is likely to return to the market the way we did. Using this type of candle is if this were to occur at the top of an uptrend, it could be a sign of a reversal, if this were to occur in a downtrend on our retracement, it could be a sign that we are about to continue the trend. the one we are going to talk about. that on a live chart after checking the other two candle patterns, after candle 38.2 we have the engulfing candle.

This is a candle that you have probably heard of and maybe you already know how to identify it, but in the forex market the way I identify an engulfing candle is a candle that has a larger body than the previous candle and that changes color, so for a bullish engulfing pattern I need to see that the previous candle was red, that the next candle is green and that the green candle has a bigger body than the previous candle which is a bullish engulfing candle for me, we will take a look at a bearish engulfing candle on a chart, so I'm not going to have to do that right here, so next we have the close up and the close. below the candle again, all of these candles are used in the same way, they will all be used to help you identify market sentiment reversals or help you enter trend continuation trades.

Here we have a close above and a close below the candle which is self explanatory, but a close below the candle would be a candle where the close of that candle is below the low of the previous candle, As long as that happens, to me it is showing selling pressure and the opposite would be true in the bullish direction, we would have it close. up again, we'll take a look at that on the chart, but now first let's take a look at some live examples of the 38.2 candle, so here we have a good example of a 382 candle or a 38.2 percent candle and what What I want to do is explain to you how all of these things are already coming together and we haven't even gotten to the end of the video yet.

What we have learned about trending is when the market is making new lows and higher highs. We learned about the indicators when the market is above the 20-period moving average. We are in a highly volatile uptrend. What have we learned about support and resistance? The previous resistance level is likely to become support right now. With all that in mind, what did we do? just learn a specific candle formation called 38.2 candle look here does this candle have a long wick? let's talk about the psychology behind this very very quickly the candle opened here the sellers pushed it to the bottom of the wick but the buyers took back as soon as that happened as soon as that happened as soon as the sellers said we were pushing this market down the buyer said hell no we are pushing it up and they did we closed here closer to the highs this happened while in an uptrend and in our value area being this previous resistance level now let's make sure it is a 38.2 percent candle, we have to use a Fibonacci retracement, we are pulling it from the low of the candle to the high of the candle and once what we do is this candle, the whole body above the retracement of 38.2, therefore objectively we have a reason to enter this market, that is what I was talking about when I said that they can be used for entries in a long-term trend, so in this case, we have an uptrend at long term, we have a market in a value area and we get our specific entry ratio which shows us buying pressure.

Now again we're combining everything, so let's put in our position tool, what if we say okay, a back? How do we play stops with the market volatility we are trading right now on the Australian daily chart? The atr or average true range is 66. So let's go down to our swing low until our swing low is right at 47 pips. that plus 66 is 113 pips so we have a stop loss of 113 pips on this specific trade and let's say we want to use twice that atr since our 66 times 2 target is 132. so raise that to 132 and now we have our operation. settings, let's click play and see what happened.

Boom hit the targets, no problem for a reward to risk ratio of about 1.2 to 1. I wanted to do that full scenario just to show you how it all works. If you liked it, be sure to go ahead and smash that like button, you've been watching this bad boy for about 45 minutes, now I know you've gotten at least some value, so go ahead and click that like button for me, go ahead and also comment if you're Still here because it's awesome, okay, that's our 382 candlestick pattern. Let's talk about how we can use it for reversals and just to show you that it doesn't always work.

I have no idea. I haven't seen this data yet. This might work as a reversal and it might not, but here, what do we have? We have a 382 candle at the top of an uptrend, if this market was overbought on the rsi check it out, it is combining other technical factors looking to the left. resistance we are not at a resistance level right now but this would be an example of the 382 candle and why would it be an example of that candle because if I do a Fibonacci retracement from the top of this candle to the low of this candle the entire body is below the 38.2 retracement.

Yes, this shows selling pressure in the same way we would set our stop loss one atr above this candle here and then having a target somewhere near these support levels may not work. or again, if we had had our targets low at this support level, then it would have worked that we would have hit those targets right here, this is how we can use the 38.2 percent candle to help us with entries into continuation trades. trend and to help us identify possible reversals, let's take a look at a couple of live examples of the engulfing candle as well as the top line near the bottom of the candle, but essentially they all have the same use and they will all be used to detect reversals or as possible entries and trend continuation trades to further increase the trend.

Let's go ahead and look at the engulfing candle on the live charts right now while we were on the whiteboard we looked at a bullish example of the engulfing candle so here we're going to look at a bearish example and again I want you to see the things that are coming together in this operation. It is a winning operation. Yes, it was carefully selected, but it has very good merit behind it due to the fact that we do this. Again, what kind of trend are we in now? Well, according to the 20-period moving average, we are definitely in a downtrend.

The price is below. Are we making new lows and new lower highs below the 20-period moving average? Yes, we are here. our latest new low lower low here is our latest lower high this could be our next lower high we are at what is the 20 period moving average which is a value area or possible resistance area yes they are all that join together and then the The entry pattern that we can try to use in trend continuation type trading is what this engulfing candle, as you can see here, an engulfing candle, as I explained earlier, is just a candle in the forex market at minus whose body is bigger than the previous candle and I need a color change from green to red, it is a color change, the red body is bigger than the green body, therefore, here we have a bearish engulfing candle valid for a possible entry into this trend continuation setup that pushes the market even further down and shows us selling pressure ahead.

Let's take a look at the clothing candle example above. Let's take a look at that. Here is a good example of a close below the candle. This big red candle. What's going on here? We close below the low of the previous candle and Do it, attrition is very important, like I said, you want to do it in areas of value, right, we don't want to just randomly trade clothes above and close below the candles, that's not For a profitable strategy, we have to combine a series of technical factors. to create a profitable strategy, then in this case, whatWe have is the top of an uptrend, this market has been going up, which you can't see yet, we know this is a valid close below, do you understand I hope it is a close below? nothing more than a candle that closes below the low of the previous candle, the opposite is true for a close above, but I want to show you how it all comes together once again because this happens in the middle of nowhere like it happened here It is irrelevant.

I am not trading this just because we have a close below the candle. No, I want to trade these in areas of values ​​like previous resistance levels, as you can see if it is green or not green. Sorry my gray box here shows that this was a previous resistance level that pushed the market up about a ton now that we are back at this level I have a value area this is another good example of how to use the rsi indicator here we have a situation overbought and what we have we have higher highs in price but what is the rsi doing if you remember the indicators part of the lesson what we were talking about in terms of divergence is higher highs in price and lower highs in the price?

The thing is that what we have here, yes, it is like this with all these factors coming together, it is a very good opportunity to try to use our close below the candle as an entry in this operation, doing so would look like this, we have an entry at the close of that candle, the atr is 77, so we have 98 plus 77. Let's go to 177 to make these calculations easier. 177 for our stop loss. We're going to put a target on the previous support level which is right here and we're going to click Play to see what happens here. this specific trade as you can see the market is pushing down now here is a good reason why we use that atr for our stop loss if we were to use a stop 10 pips above our swing high.

See how easily this fuse would have stopped us? instead we use the atr indicator which combines all of our good technical factors to help us have a positive trade here so with that being said we will do that for the candlestick patterns part and then something I like even more than candle patterns and charts. patterns, so stay. I'll show you my favorites and how I use them in the market to help you better understand the entirety of technical analysis, even more than you already do. I'll see you in just a second, unlike the candle patterns that form. with between one and perhaps a few candles, a chart pattern will form with between 10 and perhaps 50 candles and what they are are identifiable patterns that, like candle patterns, can give us an indication of possible reversals, can give us an indication of market sentiment and can help us identify possible entries into the market.

Chart patterns are by far my favorite way to trade, and fortunately, although there are hundreds of chart patterns, feel free to study as many as you want to find the ones that fit. His negotiation style is the best. I personally use one type of chart pattern more often than any other and for the most part I only use this chart pattern in my own trading and they are double bottoms and double tops. I said they are one. I know there are two. but they are essentially the same thing, just turned upside down, so before we look at how I use double bottoms and double tops in my trading, we need objective rules for this in the same way we had objective rules for candlestick patterns. . rules for chart patterns as well, so these double tops and double bottoms will have objective rules and that's what we're going to discuss now is the objective rules for these patterns for a double bottom, that's what we're looking at right now here .

About the Euro Yen for this pattern, what I'm looking for and how it looks on a chart. Sorry, I didn't do that before. The way it looks on a chart is a market that goes down, creates a support level, and then bounces. at a resistance level, but instead of continuing down this downtrend, we go down, retest this support level, and get so much support again that we push up enough to break out and close above what was expected. called the neckline, so this is bottom number one of a double bottom bottom number two of a double bottom this is known as the neckline and is the initial pullback from the first bottom that we need to break to classify this as a double bottom real, so The way most traders enter this is by entering exactly when the market breaks that neckline or one of my favorite ways to enter and the way we are going to talk and discuss entry today is waiting for the market to break and close above that. neckline and then pull back towards that neckline, the reason I trade double bottoms this way is because I can get smaller stops, therefore I have a higher reward to risk ratio on these types of trades, this is how we spot the double bottoms, let's go over how First we spot double tops and then I'll talk about how I use these patterns to consistently make big trades in my own trading.

However, let's take a look at a double top, so there will be a double top when the market rises to a resistance level then pushes down on our initial pullback, but instead of continuing this uptrend we now test that level of resistance. resistance once again and we meet resistance once again, the market then breaks the neckline, so in a double top we have number one right here. We have the top number two here and the support level that was created after the top number one is known as our neck line. We need that neckline to break to validate that this is actually a double top and the way I said we are going to trade.

This today is waiting for a pullback after that validation, after that breakout, we want to see a pullback to our support level and that is where we are going to place possible trades and look for the continuation down now before we see how I use it, I know I said we'd do it right after this. I want to talk about those objective rules, so the objective rules that I have for a double bottom, let's start there. I need to see the first bottom and the pullback at the point I see this first bottom and a pullback what I do is I place a box that my box is going to let me do This way it's much easier, wait, come on, okay, in this point it doesn't seem like a double bottom, but I need an objective rule on how I'm going to get into a double bottom, so what do I do at this point whenever.

I see a bounce like this. I place a box from the lowest bodies of this first low to the lowest low of this first low. That's what I call my termination point. What I want to see is for the market to retest this point like a candle. we can close within this area a wick can pass this area we would not be able to see anything other than the wick of a candle touching this area all of that I would consider a valid double bottom what I would not consider a valid double bottom is if we get a candle but the wick does not touch my area or if we have a pullback and we see a candle that closes completely below my zone, those two situations are no longer a valid double bottom for me, so those are my objective rules for a double bottom. below we will click play here and see what the market does, as you can see we have now entered my termination zone, we have not closed below it, therefore we have a valid double bottom so far, is it still valid ?

Yes, no, candles closed below. my area, therefore I am still considering this as a valid double bottom. The next thing I need to see is a break of this neckline. Once I see us do it right there, I'll be waiting for this market to get back to that neckline. to place my possible entry once we do that and get back to the neckline I want to see buying pressure for me the buying pressure is nothing more than a green candle once I see buying pressure here I'm just explaining to you exactly how I trade these double bottoms or exactly how a lot of people trade them, I trade them slightly differently, but for the purpose of this video, this is what we're going to talk about, so I would put an entry there, we have a 17 pip atr right now, so 17 plus 30 is 47 47 pips and I want to target my next resistance level which is right here in this area so at this point we have our trade setup we have had buying pressure after the breakout has confirmed a double bottom and a pullback towards the neckline more buying pressure okay we are in the trade let's see what happens eventually pushing up, down, up down this is the reality of trading guys you will be emotionally tortured during situations like this, but it is only what happens sometimes while we are negotiating and there we are finally reaching objectives.

You have to have emotional strength, that is something that unfortunately we are not going to have time to discuss in this video because it will last over an hour. I know, but this is how. I would change the double bottom, the double top would be exactly the opposite of that. We'll go over it very quickly. You should have a pretty good idea by now, but here in the double top, the only difference is that I'm checking a box. Does it sound like I'm saying pudding? For me, let's put a box right there, so now what I'm waiting for for a double top is for the market to go up towards a resistance area and have a pullback once it has it. pullback I am placing a box from the highest bodies of the first top to the highest wick of the first top this is what I call my endings I want to see a candle that at least touches that area but what I can't see is a candle that closes above this zone a candle can close inside the zone a wick can pass the zone the only thing I can't see is a candle that doesn't touch it at all or a candle that closes above it, so with that click , play you know how this turns out yes, we have a valid double top and yes, we broke the neckline.

The way I would trade this is by waiting for selling pressure at the neckline as the market moves back up, clicking play once again, the selling pressure would be this red. The stop loss on the candle at that point would just need to go above our high and then we could target whatever we needed to push down and that's how I use the double top and double bottom strategy so now you have the approach based in rules. The way I enter them is with buying pressure on the neckline after the break. The other thing you need to know about these patterns is that they work best when aligned with higher time frame trends, so let's say that "When trading these patterns on an hourly chart, if you are trading a double bottom on the hourly chart and what I mean by this is that you actually see the double bottom on an hourly chart, you need to make sure that the daily chart is on an uptrend so that that way it is aligned with an uptrend on the daily chart.

While trading a double bottom on a one-hour chart, the opposite is true for a downtrend and a double top if you are trading a double top on, say, the one-hour chart you want. With the daily chart trend, you need to make sure that the daily chart is actually in a downtrend while trading that double top on a lower time frame. This will add an incredible amount of precision to your double top and double bottom trading. Double bottom trading will also add precision to any other chart patterns you decide to add to your trading arsenal, so that will be enough for the chart patterns portion of this lesson, next we have breakout patterns so let's move on, Let's take a look at some breakout patterns and how I like to use them in my own trading to make the best trading decisions possible.

See you there. Breakout patterns occur when the market goes from a low period of volatility to a much higher period of volatility, we see that a lot in bullish and bearish trends what we see are impulsive moves, the market makes a big move up and then We see a small period of consolidation before the next big move up that we see. call these flag patterns, we're going to talk about them in just a second, we also see this in the form of what I trade and call and what's called I guess you could say rising and falling wedges, what this means a wedge rising is when price has a resistance level that it cannot overcome, but as it tests that resistance level, the support level is rising, meaning buyers are entering earlier and earlier at higher and higher prices. until finally that pattern breaks to the upside and a falling wedge is the opposite, we have a support level, we have lower highs showing that sellers are stepping in earlier and earlier at lower and lower prices and finally that level of breakout gives way to what we call a rising and falling wedge breakout pattern. those are the two breakout patterns I personally use the most.

There are manymore breakout patterns that, like everything else in this video, you can study on your own, but I want to talk about the ones that I actually know and the ones that I use personally, so let's take a look at the flag patterns first, let's talk about them first. how we use flag patterns. Now we know what flag patterns are. How are they used well? I use them to capitalize on volatile trends. What did we talk about before? a volatile trend often stays above the 20 period moving average as you can see on the chart here we have the price staying above the 20 period moving average so the way I like to use a flag pattern is if we stay above the 20 period moving average. moving average of the period and we just had an impulsive move up, then I want to draw a flag pattern in my consolidation period, after that consolidation period we get what is known as a breakout candle, this breakout candle breaks the trend top line of that consolidation period and this is when most traders decide to enter a flag pattern trade.

I'll give you some specific rules in just a second, but let's look at one more example, we have another situation here where the market continues to trend, we make an impulsive move that breaks above previous resistance, then we see that this market has a period of consolidation, this pullback which, as you can see, looks like a flag, we have the survey which is normally the price amount of the impulsive leg. before the consolidation period we have a small consolidation period, then we have our breakout candle and the market continues in that uptrend. This happens over and over again in volatile trends and this is how we can take advantage of flag patterns and volatile trends now in the same way.

With everything in our trading we need to have some objective rules here, so for me one of the best objective rules I have found when trading flag patterns is that I only want to trade these patterns when they occur above or near the 20 moving average. periods, that is the only time I can take trades based on flag patterns because the 20 period moving average acts as my filter for highly volatile trends and I only want to take breakout trades with flag patterns if the trend is highly volatile because those are my best chances of having a move up and for the stops and objectives we will go and discuss them.

You should have a pretty good idea of ​​where you think I would put stops and targets if my entry candle is this breakout candle right here, what do you think I would do with the stops? I would have my stop loss below the previous low on an atr as we discussed above, so let's go ahead and set this trade up. It would look like this and a target up here at the previous resistance level here, so at this point. you know exactly how I trade bullish flags this video has been over an hour so I'm not going to make an example of a bearish version of this just turn it upside down it's literally the exact same thing in the opposite direction in terms.

In a bearish flag pattern we would be waiting for the market to go down with an impulsive move. upside down with an impulsive move we would be trading this small consolidation period in case of a breakout of that consolidation period to the downside we would be selling or going short, this is again how I change flag patterns. Let's take a look now at another breakout pattern that I really enjoy using which is the rising and falling wedge, here is a rising wedge and unlike flag patterns which require only a few candles to set up these types of patterns usually take between 20 and 50, maybe even 100 candles to set up your larger patterns, but essentially what we are looking for with a wedge pattern is a resistance level that the market is having trouble breaking, but at the same time, we are having trouble To overcome this resistance level we want to see sellers stepping in at higher prices, what this shows us is sorry, I said sellers, I have met buyers, we don't see buyers stepping in. at higher prices, what this shows us is that buyers are becoming more interested in this currency pair, crypto stocks, whatever it is, they are more interested in higher prices and as we continue reaching these higher lows, the not inevitable but likely scenario is that we eventually break above this resistance level because the sellers eventually stop trying to push the market down from this resistance level as their downward pressures become smaller and smaller. and we get higher and higher lows, eventually they give up and when they do it looks something like this, now we get a breakout of that level, one of my favorite ways to trade this is on the pullback, almost like the double top and the double bottom that we were seeing before, but many traders trade with the breakout candle that we can see.

Here, the way I like to trade them is after this breakup. I like to wait for a pullback towards my resistance zone. When I get that pullback, I look for buying pressure. What do I define as buying pressure? A green candle, so once you pull. Go back to that zone and get a green candle, that's when I personally will enter the trade, so now we have a pullback to the zone waiting for a green candle to rise. Personally, I'd be entering the trade here, we'll move on. and we make the trade setup, we have fulfilled all our rules for a rising wedge, we have a resistance level that acts as resistance several times, we have rising support levels upon reaching that resistance level, now we have a breakout of that level. and a pullback to that resistance level at this point once again, whenever I find buying pressure here, that's when I want to take a trade due to the fact that I waited for the pullback, now I can have a much smaller stop loss based on this. previous low, so I have a 36 pip atr on my entry candle.

I want to be 36 below my minimum, so 39, come on, 40 plus 36 is 76 pips. 76 pips would be right here, that being the case, where is my target? I'm going to go if I place targets based on structure, the next level that appears to be a major structural support or resistance level is there, so let's see what that would look like. Will I get more than a one-to-one risk-reward? a one to one reward to risk ratio maybe the move stops at the breakeven point when the market reaches that right price and then continues the position, let's see what happens, we push up, we pull back down, we stop to catch up the breakeven point or we watch the market continue and eventually go higher but regardless of how that trade worked out that is how you would be trading rising wedges and the exact opposite is true again this video is getting really long so just hit it the return to what we are looking for for a bass version. a descending triangle is nothing more than a support level that is reached multiple times while we have decreasing resistance levels or descending swing highs, descending swing highs plus the same support level will give us a descending triangle, descending triangles once broken downside are likely to continue in that direction personally.

I wait for this setback to return to that level. Sometimes it doesn't happen and I miss some trades, but it gives me a better reward for risking a setup, so I like to wait for that pullback. terms of getting a better reward for risking these trades, so I would love to be able to tell you that this is all you need and now you can go out, trade and make money, quit your day job and you will be good to go from here on out unfortunately, that is not the case, unfortunately, simply understanding technical analysis is not enough, although in this video I shared everything you need to know about technical analysis.

I couldn't and couldn't share in a single video everything you need to be a consistently profitable trader, but fortunately we have some space available in our mentoring program, so if you want to learn the exact combination of technical factors that I use, at the what I call strategy, the exact strategies that I use every day in the market, if you will. as tutoring from me personally with any questions you have about the

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that looks at the other two big aspects of trading outside of technical analysis, which are trading psychology and risk management, if you want access to all of that and want to accelerate your journey to becoming a business constantly profitable. merchant, then there is a link below to a greatly discounted price on the eap training program.

Actually, we are running the black friday sale again and the reason is because I am generally too lazy to create a new sales page and I want to give you a discount for watching this full video of more than an hour long, like this that if you're interested, you get everything I've ever done in terms of paid content for 697 or three payments of 297 if you can't afford it. 697 complete, we have a payment option. You can learn all about the program, what it includes, and how you can access it by clicking the link in the description labeled eap training program.

Otherwise, it's fine too. Now you have everything you need. To know about technical analysis, combine some of these technical factors to create your own strategy, backtest that strategy, create a risk management plan around it and work on your trading psychology demo for a while so that be confident and consistent, you probably need to do it. look up some videos on this if i were you i would literally go to youtube look up risk management if you only know technical analysis now and you are a complete beginner go to youtube look up risk management look up trading psychology try to implement them into everything you have already learned , then create a strategy from everything you've already learned by combining a bunch of these technical factors and try demo trading for a while to see if you can really create three profitable months with rules.

If you can, I congratulate you, you are doing better than 95 traders and then you can choose when you would like to start trading live, like I said we have the eap training program at a significant discount right now. That's if you want more

advanced

training and more help with your trading personally from me, if that's not totally okay, also make sure you click the like button, make sure you're subscribed. I'm really tired right now because I've been doing this. video for about eight and a half hours I'm away and I'll see you soon in the next video chat