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in the markets to make money you have to
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learn how to speak the language you have
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to understand the signals that it's
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giving you whether it's going to go up
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or whether it's going to go down and
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this for most of us that are experienced
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in the market it's actually very easy
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you just simply read the language and
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it's pretty much obvious what the market
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is telling you what it's going to do and
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trust me when I tell you this when you
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learn how to read the language that the
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market is showing you you turn into a
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money magnet and personally price action
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is the best way to read this language
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that the market gives you it's what I've
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been using for about 6 years and it's
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given me results like these or even
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results like these price action tells
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you the intentions of whether price is
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going to have a strong move up or
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whether it's going to have a strong move
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down or even not have any move at all
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and it's very simple to understand even
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when it's having a retracement into an
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area of interest and having a reaction
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or just using it to retest now this is
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going to make sense if this is your
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first time hearing what price action is
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in the details that I'm going to explain
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in this video and it's actually very
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simple to tell you can literally see
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when prices have having a retracement to
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a Zone and it's going to reject from it
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or not reject at all it's what price
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action shows you so let's see in this
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video what price action is and how you
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can take advantage from the signals that
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it gives you so you can use it on a
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day-to-day basis while you're reading
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the markets and I'm also going to add
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some examples on trades that I've
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personally taken myself simply using
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price action to show you how effective
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it can be and you can use it right away
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so to add we already know that price
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action is the language that the market
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shows you to make its intentions clear
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through these candlesticks or these
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lines that you see on a computer screen
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now keep in mind that every single
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language has a way of expressing itself
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same way how us humans we have different
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languages we have English Spanish
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Japanese French Italian all these
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different type of languages same as how
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the market has different languages to
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show us what it's trying to tell us and
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in the markets that I've been trading
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for 6 years and pretty much 90% of the
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rest of the Traders are called Japanese
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candlesticks this is the type of
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language that we are reading from the
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charts and these candlesticks they
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contain Ain a lot of information and by
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reading them the right way with price
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action you're able to anticipate what's
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going to happen next so let's actually
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get into a little bit more detail on
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what the price action is with these
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Japanese candlesticks so to start off
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Japanese candlesticks which is price
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action consist of these candlesticks the
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candlesticks that they have a high point
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a low Point open price close price what
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everybody already knows but they consist
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of strong candlesticks or weaker
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candlesticks this chart that you see
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right here you can see not every single
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cand stick is the same every single
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Candlestick is different in size
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different size body different size Wick
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so it consists of a lot of different
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variables that create the price action
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chart that we read every single day to
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make money in the markets so the
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majority of the things you should be
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looking for are for strong candlesticks
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which would be a bullish engulfing
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marabu candlesticks and you also want to
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be looking for long tails or long Wicks
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which these are the confirmations that
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price is rejecting certain zones this
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creates a price action confirming that
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we are now going to head to the upside
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or now going to head to the downside so
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let's start off with strong candlesticks
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what do they look like what they consist
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of and it's what this is right here
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which is a marabu Candlestick so this is
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a Candlestick that closes with no Wick
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at the top and no Wick at the bottom
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pretty much from the moment price opened
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it just shot up and then it closed there
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continua the momentum of price this is
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indicating to you that a lot of buyers
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are coming into the market showing to
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you that it's a strong indication to buy
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so once you read this Candlestick along
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with the price action of the market this
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is a good indication to now buy
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obviously if the Candlestick reverses
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and it has a strong marabu Candlestick
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to the downside this is a strong
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confirmation that the market is now
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going to sell a strong moreu Candlestick
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it usually eats up the last one or two
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candlesticks where it would also be a
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bullish or bearish engulfing Candlestick
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which is personally one of my favorite
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confirmation signals next we have the
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wix these Wicks sometimes people think
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of them as spinning tops shooting stars
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even a sword depending on how small the
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bottom Wick is and how top the wick is
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so these are confirmations in price
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action that price is now rejecting
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certain zones in price usually they
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happen at a strong level of support or a
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strong level of resistance which added
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by this price action confirms to us that
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we're are now going to reject it so the
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longer the wick is the better because
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this means that it has a stronger
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rejection that means price went all the
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way to that point and then the buyers in
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the market completely raised price all
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the way back up same thing if you have
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it out of resistance and you have a
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really big wick this means that price
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went all the way up to the high and then
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sellers came and drove price all the way
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down so you want to look for multiple
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Wicks and the bigger the wick the better
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the confirmation because it means that
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sellers are completely beating up buyers
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in a resistance level and in a support
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level the bigger the wick it is there as
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well the bigger the wig that means that
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the buyers are outdoing the sellers by
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complete so you're probably wondering
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what is too big and what is too small so
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a big Candlestick is usually when it
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eats up the last three or four
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candlesticks that's considered a big
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Candlestick because let's say you're on
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the hourly time frame three candlesticks
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just got completely engulfed by one
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Candlestick that's a strong confirmation
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that within that 1 hour it completely
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outdated the work of 3 hours I
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personally think any Candlestick that
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eats the last three candles is a strong
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Candlestick now this also happens to the
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upside or this can also happen to the
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downside and then a normal Candlestick
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it's could range anywhere from 20 to
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maybe 15 Pips obviously depending on the
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momentum of the market depending in the
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zone it realistically varies but what
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you want to make sure is you just want
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to compare it to the last candlesticks
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if it's a little bit bigger a little bit
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smaller you can kind of see it based off
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of the way the market is but the main
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focus should be the big candlesticks the
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ones that stand out because that is your
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entry confirmation that price is now
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reversing or heading in the continuous
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direction of where you're intended to
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take the trade so now to add like a
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little sprinkle on top which is
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personally my favorite is Candlestick
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patterns so Candlestick patterns happen
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throughout the whole entire chart and
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what this consists of is a series of
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patterns that happen within the
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candlesticks these are sequences that
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happen with let's say two or three
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candlesticks that equal to a pattern
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these happen at key points and indicate
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to us that price is going to go up or to
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the downside and it is key to having
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strong price action in your chart so
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some examples of patterns we can start
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off with reversal patterns so reversal
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patterns are price action points that
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show to us that price is literally going
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to reverse it's pretty self-explanatory
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one of my best examples can either be a
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Evening Star formation or a head and
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shoulders these are very simple patterns
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that you see all the time in the charts
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Evening Star formation consists of a
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three pattern confirmation indicating to
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you that price is then going to now
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reverse and then the head and shoulders
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is also a pattern that you pretty much
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see on the lower time frames for the
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majority of the time but it is more
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respected on the higher time frame even
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though you see it all of the time as
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well it just takes a little bit longer
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to play out and this as well once the
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complete Head and Shoulders has played
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out it is a beautiful reversal pattern
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to indicate to you that the market has
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then changed and now this can happen at
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a level of support as well which you
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would have then a Morning Star formation
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which indicating to you that price is
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now going to reverse and head to the
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upside and then you also have a inverted
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Head and Shoulders at a support level
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indicating to you that price is then now
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shifting from downwards Trend to now
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upwards turn it's the beauty of price
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action and then we also have
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continuation patterns which is probably
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the simplest out of the textbook which
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is break and retest one of my favorites
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that I use every single week that I
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trade and it's probably the key to my
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strategy and as as you if you use it the
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right way trust me it's going to work
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trust me break and retest literally
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consists of break and retest let's say
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you have a strong resistance level you
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literally break it retest it confirm
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that's it that's all you need you just
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have to wait for the right confirmation
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to happen in the market and key to that
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is being extremely patient by making
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sure that it's not a fake out which is
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very key so now you know how to
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interpret the Japanese candlesticks you
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want to make sure that you know what
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they're doing at all times even if
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you're not taking a trade now it's time
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to learn their language and by learning
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the language this actually means that
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you're not going to be looking at every
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single Wick or every single Candlestick
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as crazy as that might sound you should
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only be looking at the markets when
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something big is going to happen when
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there's a high probability trade setup
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and for these high probability trade
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setups to happen you have to have a
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strong area of Interest or a Zone where
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you're looking to actually enter a trade
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and it's not the same that you're going
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to have a huge Wick that price just
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leaves in the random of the chart
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anywhere no you want to make sure these
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Wicks or these rejections are happening
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at a strong Zone that you're interested
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in so now let's actually go to the Chart
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so I can show you guys what I've been
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just talking about so it's not just
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Chinese right so this right in front of
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us is price action this is where you're
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actually going to be able to read what
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the market is telling you this is the
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language that the charts are giving you
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and we're reading it and interpreting it
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and making money with it so to start off
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this is a beautiful price action
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structure shift right here beautiful
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breaking retest continuation and this is
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a prime example of what a big
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Candlestick would look like like this
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right here is a bullish Candlestick as
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you can see it's obviously heading to
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the upside and as you can see it has
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engulfed and it has eaten the last one
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two three four candlesticks so this is
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an indication to you like I mentioned
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that this is a strong Candlestick a
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strong bullish Candlestick is one that
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has eaten the last three candlesticks
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now after that huge Candlestick what do
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then we have we then have a break and
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then a retest of the last structure
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point this is beautiful price action
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because it's indicating to US market
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continuation after that then we have our
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Candlestick rejections these are the
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Wicks that I was mentioning to you guys
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these are the Wicks the bigger the wick
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this means price went all the way down
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here couldn't hold up and then it
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completely rejected so now you have a
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mix of a big bullish candlesticks along
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with two rejection Wicks from a previous
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structure point this is the price action
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that you want to see to see Trend
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continuation and then now you have your
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morning star bullish and golfing
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Candlestick this is key to now
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continuation with your trade along with
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break and retest and all of this
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beautiful price action that you're
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seeing fall right in front of you this
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is actually a trade that I caught myself
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and I think I made around anywhere from
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$30 to $40,000 on this very trade that
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you're looking at right here so now that
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you know how to identify simple Market
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moves with price action now let's
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actually see the Candlestick formations
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let's see how these patterns work and
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it's very key that you understand this
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because these are the most effective
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patterns that the markets do every
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single day and these are the ones that I
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use with my personal trading every
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single day that I trade so now I'm going
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to show you an actual example of a trade
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that I took with a beautiful Market
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pattern and the most effective ones that
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you're going to see in the market every
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single day so let's start off with the
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one that's literally right in front of
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our face which is this beautiful
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inverted Head and Shoulders the inverted
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head and shoulders and also the head and
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shoulders are a reversal pattern this is
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indicating to us that now the market is
00:11:31
reaching a bottom and then that the
00:11:33
market is going to completely reverse as
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you can see right here this is a
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beautiful inverted Head and Shoulders
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you can see the clear left head and then
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the right shoulder and this is where we
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entered the trade right at the right
00:11:45
shoulder but if you notice I didn't just
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enter the reversal pattern just because
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of the reversal pattern I added the
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sprinkle on top I I've been mentioning
00:11:53
to you guys with the patterns of Entry
00:11:56
signals which are Morning Star evening
00:11:58
star bullish Eng golfing bearish Eng
00:12:00
golfing which I'm going to review right
00:12:01
now but I did it right here with a
00:12:03
Morning Star formation if you can see
00:12:05
right here this is a three pattern
00:12:07
Candlestick which is known as a Morning
00:12:10
Star formation which is where price
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completely stops at a level of support
00:12:15
and then it is completely engulfed by
00:12:18
one Candlestick where it eats the last
00:12:20
two candlesticks it's a three pattern
00:12:23
reversal or continuation pattern which
00:12:25
is exactly what happened here a Morning
00:12:28
Star formation now to give you an
00:12:30
example of what this looks to the
00:12:32
downside it would be something like this
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this is a Evening Star bearish engulfing
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bearish rejection Candlestick
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confirmation this is an evening star cuz
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now we're heading to the downside and
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this is then a Morning Star cuz now we
00:12:46
are heading to the upside and this is
00:12:48
the trade that I caught here adding the
00:12:51
sprinkle on top with the two Candlestick
00:12:53
dogee rejections how I was just
00:12:55
mentioning to you guys in the last trade
00:12:58
example and and this trade gave me a 1
00:13:00
to 4.5 risk reward so if you would have
00:13:03
risked $11,000 on this trade you would
00:13:06
have made
00:13:07
$4,500 on this trade right here I think
00:13:09
I actually made like 50 $660,000 on this
00:13:12
trade right so with this video you have
00:13:14
a very clear indication on everything
00:13:16
you need to know to read simple price
00:13:18
action and how to use it every single
00:13:20
day and how I've used it for the last
00:13:21
six years and how you can see these very
00:13:24
clear examples of reversal patterns and
00:13:26
price action happening literally in
00:13:28
front of you every single day in the
00:13:30
markets and if you're a beginner Trader
00:13:32
where you're starting from scratch first
00:13:34
of all that's actually crazy because I
00:13:35
didn't come across a price action video
00:13:37
into about a year year and a half into
00:13:39
my journey or if you're even an
00:13:40
experienced Trader and you're struggling
00:13:42
to get results and you want to make
00:13:43
anywhere from a th000 to $1,500 a week
00:13:47
that's where I came up with set and
00:13:48
forget and if you want to know what set
00:13:49
and forget is and what does it even mean
00:13:51
just click the link in the description
00:13:52
below I have a video there that explains
00:13:54
it to Perfection and how Traders all
00:13:56
around the world in the first 3 months
00:13:58
of of trading they're making anywhere
00:14:00
from ,000 to $1,500 a week as a beginner
00:14:04
or even experienced Trader set and
00:14:06
forget has literally gone all around the
00:14:08
world changing Traders lives and if you
00:14:10
want to know more about it and what set
00:14:12
and forget means and how I've turned my
00:14:14
price action strategy into set and
00:14:16
forget just click the link in the
00:14:17
description below I have a video there
00:14:19
for you that explains everything to
00:14:20
Perfection and everything that it
00:14:22
consists of so appreciate you guys
00:14:24
watching this video all the way to the
00:14:25
end and I hope to see you guys in the
00:14:27
next video
