What does bullish mean in trading?

Bullish means expecting the price of an asset to rise.

What is a bearish market?

A bearish market is when prices are expected to fall.

What is a fair value gap (FVG)?

A fair value gap is a price range on a chart that shows the imbalance between buying and selling.

Where should I set my take profit?

Set your take profit at the market close.

A stop loss is an order to sell an asset when it reaches a certain price to limit losses.

What timeframe should I analyze?

Start with the daily timeframe and then go to a smaller timeframe for entries.

How do I enter a trade using this strategy?

Enter after price retraces back to the fair value gap.

What is the significance of marking open and close of the daily candle?

It helps determine entry points based on market movement.

This One Candle Can Change Your Life

00:06:26

https://www.youtube.com/watch?v=fGZId6WmCns

Résumé

TLDRIn this video, a trading strategy is presented that revolves around using daily candlestick patterns to inform trading decisions. The process starts with identifying the overall market sentiment (bullish or bearish) and marking the daily candle's open and close on the daily timeframe. For bullish conditions, traders should look to buy below the market's open and wait for price movements that indicate respect toward this level, such as a break of structure and the formation of a fair value gap. After recognizing these indicators, traders should enter the market when price retraces to the fair value gap, with take profits set at the daily close and stop losses below the recent low, leading to possible successful trades.

A retenir

📈 Identify market sentiment: bullish or bearish
🟢 Mark daily candle's open and close
🔽 Enter trades below market open for bullish
🔼 Sell above market open for bearish
🔍 Look for sell-side liquidity
🔄 Wait for break of structure
⚖️ Look for fair value gap
💰 Enter when price retraces to FVG
🎯 Set take profit at market close
🛡️ Set stop loss below recent low

Chronologie

00:00:00 - 00:06:26
This segment explains a trading strategy based on candle patterns. It emphasizes the importance of market sentiment: when bullish, buy below the market open; when bearish, sell above it. The strategy involves identifying a bullish candle on a daily timeframe, marking its open and close, and then analyzing a smaller timeframe. The approach requires entering trades only if the price goes below the daily candle's open and respects the price movements by breaking structure. A fair value gap often forms, indicating a potential entry point for the trade, with take profit set at the market close and stop loss below the recent low for a potentially successful trade.

Carte mentale

Vidéo Q&R

What does bullish mean in trading?
Bullish means expecting the price of an asset to rise.
What is a bearish market?
A bearish market is when prices are expected to fall.
What is a fair value gap (FVG)?
A fair value gap is a price range on a chart that shows the imbalance between buying and selling.
Where should I set my take profit?
Set your take profit at the market close.
What is a stop loss?
A stop loss is an order to sell an asset when it reaches a certain price to limit losses.
What timeframe should I analyze?
Start with the daily timeframe and then go to a smaller timeframe for entries.
How do I enter a trade using this strategy?
Enter after price retraces back to the fair value gap.
What is the significance of marking open and close of the daily candle?
It helps determine entry points based on market movement.

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Sous-titres

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00:00:00
This one candle can completely change your life.
00:01:04
This is how you do it. If you are overall bullish,
00:03:08
you want to buy below the market open. If you are overall bearish, you want to
00:04:07
sell above the market open. Here s what I mean.
00:04:10
Go to the daily time frame. In this example,
00:04:13
we are overall bullish with this candle. Go to the candle and mark the
00:04:17
open and close of the candle. Next, go to a smaller timeframe.
00:04:21
This green line marks the daily candle s open. This red line marks the daily candle s close.
00:04:30
Since we have overall bullish price movement, we will only enter if price
00:04:35
goes beneath this green line. We want some type of sell side
00:04:39
liquidity that goes beneath the market open. Check.
00:04:40
Next, we want price to show some sort of respect, by making a break
00:04:48
of structure. Like this. Check. Usually when doing this,
00:04:52
price will create a fair value gap. Check. Wait for price to retrace back to this fvg.
00:05:15
Enter here. Set your take profit at the market close.
00:06:10
Set your stop loss below the recent low. And just like that you got a winning trade.