The Mechanics Of Trading - Part XIII - Failure At New High

٤ يونيو

Part XIII - Failure At New High

I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.

Essentially, it comes down to three key components...

A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).

B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.

C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.

Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.

I go over multiple techniques in this video.

Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others

This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.

Hope you enjoy.