How to know when to buy and sell day trading
When to BUY & SELL for MAXIMUM PROFITS in Trading
Timecodes:
the reason why a lot of you guys lose
money in the market is because you guys
do not know when to correctly get into
the market like let's put aside
psychology and risk management so if you
know when to correctly get into the
market you are just gonna make money as
simple as that some people get into
early some people get into late and both
of these scenarios will cause you guys
to lose a lot of money but before I
start I just want to say that I hear you
guys and I'm gonna be posting a lot more
price action videos over the next few
weeks because we all know that price
action is King and my goal on this
channel is to help you guys become
consistently profitable so of course I'm
gonna give you guys the best strategy
ever so I have a lot of examples on the
screen right now to show you what you do
because like I said I've been trading
for a few years so I have done the exact
same mistakes let's get right into it so
tell me if this scenario looked familiar
you see like a big Candlestick piercing
through like a certain key level and
then because of your fear of missing out
you decided to get in for a buy right
here when price this big fat Candlestick
and you see everybody's buying so you
want to enter for a buy and then the
next thing you know price decided to
drop back down
[Laughter]
sounds familiar I'm pretty sure it does
right because I personally committed
this same exact mistake so many damn
times in my first year of trading so the
problem here is you are not being
patient enough like because of fear of
missing out so you get in for a buy
right here and when I will place your
stop loss like right down here anywhere
your place will take profit maybe like
right up here that's like a key level
right and you can see like the risk to
reward ratio is just wrong it's 0.4 or
less like so you do not want to
place it like this right you always want
to have like a good risk to reward ratio
like one is a two one is three right so
if you get in right there it will just
ruin your risk to reward ratio because
you've got a higher chance of losing
that trade compared to winning that
trade so make sure you always be patient
do not let fomo take control of you and
wait for price to get to a certain key
level or trend line then get into the
trade so to determine when to correctly
get into the trade you must use all the
technical analysis Tools in your now so
things like support and resistance
levels which are basically like key
levels that tell us that price is going
to reverse or gonna break past that key
level or Japanese candlesticks which
tell us every single thing we need to
know about price right now is there more
buyers in the market or is there more
sellers in the market and then there's
trend lines to help you identify the
trend Direction and also your moving
average like the indicator that I have
right now so we have to use all these
tools to figure out whether we should go
in for a buy or go in for sale so the
most important Point here is that you do
not want to get in when price is in the
middle of nowhere so this is the key
level this is a key level and right here
this is when price is in the middle of
nowhere and you do not want to get in
for a buy let's say again for a buy here
just stop loss will be below the support
take profit at the resistance level you
can see like the risk to reward ratio is
just not worth it guys this is not a
worthy trade all right this is not
paying so you do not want to get in
right here so you always want to make
sure you wait for price to get a certain
key level or a trend line before you're
considering taking a trade so let's say
if you enter right here okay stop
velocity below right here and it'll take
profit all the way up here now that's
what we are talking about one is to
seven risk to reward ratio you're
essentially risking one dollars to make
seven dollars and this is just so much
more worth it so another tool that you
guys can use is your trend lines so like
example let's say I probably trend line
right here and I can draw like my little
resistance area right here yep so
basically make sure you use all the
technical analysis tool in Your Arsenal
to just help you determine when to enter
buy and when to enter or sell so when
price is at a trend line price can only
do two things all right price can either
bounce off this trend line like this and
continue going back up or price can
break through this trend line and just
head back down this is radius as simple
as that price can only do two things it
can either bounce off and continue in
that Trend direction or break and go in
the opposite direction direction as
simple as that guys so I see so many
opportunities where you have gotten on
this big trade so when price come back
down to this trend line so let's say you
have drawn like this trend line right
here and price come back down to this
trend line look at what the candlesticks
are showing you at the trend line right
so you zoom in I see all right so that
is what is this this is your morning
star Candlestick pattern so it's like
like a three kind of stick pattern that
show you that price is gonna reverse and
hit back up right so that is one
Confluence right now price showed us a
Morning Star Candlestick pattern which
show us that price is going to reverse
and head back up so that's one number
two what's your second Confluence your
second Confluence is that price is at
this major trend line right here so the
third Confluence could be you waiting
for a moving average crossover right so
if you go down to like the one hour or
even the four hour time frame you'll see
like the moving average has already
crossed over so you can see you go down
to the fall time frame or let's just go
down to the one hour time frame to look
for our sniper entries as you can see
like over here all the candlesticks are
below the moving average is below the
black line and at this point of time
this is when the black line starts
Crossing and now the candlesticks are
above the moving average so this is when
the moving average has crossed over so
combine this with the other two
Confluence which is right now price is
at this trend line and number three
right now that is a Morning Star
Candlestick being formed on the four
hour or daily time frame right so you
can get in for a buy position somewhere
around here and in this example you'll
place your stop loss below the trend
line so this is the last higher low
remember structure guys this is the last
higher low and then you place your thick
profit all the way up at the next
resistance area right I see a little
resistance area being formed right here
yeah you can see there's like a lot of
strong resistance area being formed
right here you can place your stake
profit all the way up here you can see
whenever price gets up here it reverse
one time second time third time fourth
time A lot of times whenever price is up
here it always reverse so this shows us
that right now this area is a very
strong resistance area so you can see
the thread literally went all the way up
there guys like I'm not joking or I'm
not lying to you guys you guys must take
this seriously all right like it's
really just as simple as that you wait
for price to get to either a trend line
or a key level and then look for
multiple confluences use all the
technical analysis Tools in Your Arsenal
trend lines support resistance
candlesticks uh moving average people
actually whatever tools that you have
use it all right they are not there just
to like for decoration or just to for
show all right they are there because it
helps you determine when to get in for
the trade so don't worry if you still do
not understand I'm gonna show you a few
examples and by the end of this video I
can guarantee you that you're gonna
understand this and entire strategy and
you will know when to buy and when to
sell so here's an example in a downtrend
so you can see this beautiful downtrend
just draw like a trend line right here
connecting all the lower highs one two
three four all right five so all of
these lower Highs are touching the trend
line so this is a valid trend line let's
say price has already like went all the
way down here right price has already
went all the way down here
you do not want to enter right here guys
if you enter right here for a cell
because like you want to trade with the
trend right so this is the downtrend you
want to enter for us out so you've
entered for a cell right here your stop
loss must be all the way up here all the
way up here because this is still the
last lower high all right these two last
lower high so you do not want to enter
right here if price has already made a
large move just like this this is a
large move be patient wait for price to
go back up to the trend line to create
your new lower high and then this is
when you can get in for the trade all
right so right now still be patient and
do not enter for the trade yet
let's speed this up a little bit and you
can see like okay price get up here get
up here all right get up here we wait
for Price duster trend line okay right
here this is when price starts to Trend
like okay so remember when I said that
when price is at the trend like you can
do two things right price can either
break through this thing and start going
up like this creating your high high low
going up like this or price can continue
going down right bounce off the trend
line continue going down price can only
do these two things guys so right here
we see price bouncing off the trend line
right and we want to look for other
confluencers because there is only one
Confluence this trend line bounce is
only one Confluence okay basically
Confluence means confirmation or reasons
right if you guys do not understand
what's Confluence so that is one
Confluence the second Confluence would
be some sort of Candlestick pattern so
you go down you'll see like all right
right here this is when price is showing
us a little bit of dojis you see one
doji 2G and you can see like price is
showing us a lot of weeks one two three
four five six six weeks basically show
us that price is like not break taking
past this trend line it's just like
getting rejected at this trend line so
there is not only weeks at this area
right there it's also a bearish
engulfing Candlestick right here this
big red Candlestick that shows us that
there is a lot of selling pressure in
this market right that means this price
is going to go down so that is too
Confluence now we need to look for one
more confidence so there's actually like
a little trend line I mean like a little
resistance area right here you can see
your price up here it always reverse
reverse you can see there's like a
little resistance area right here
so that can be another Confluence that
this is a resistance area so now we've
got three Confluence your fourth
Confluence could be the moving average
crossover right like I can go down to
the one hour or even the four hour time
frame you'll see like the moving average
has crossed over because right now it's
on the daily time frame so it's a little
bit slow and because price react a
little bit slower on the higher time
frames but if I go down to the four hour
or the one hour time frame you'll see
like the moving average has already
crossed over I would love to show you
that but trading view does not want me
to shine like when I go over to one hour
time frame it says that like the data is
not available so we'll just have to use
the daily time frame so now we got four
Confluence we can get in for a cell
position so we will get in for a cell
position right here and we'll place our
stop loss above like this resistance
area or above this trend line and we can
place our take profit either at this
support area right here you can see
there's this like a slow support area
being from right here right whenever
price down here it always like reverse
and hit back up or we can place it at
right here another support level right
here this is the lowest point price went
to before price like retrace and pull
back all the way up here right so this
can be our take profit so let's just
place I'll take profit right here and
let's see how this trade plays out so
before I do that look at this trade it
has a one it's a 3.6 risk to reward
ratio that means you are essentially
risking one dollars to make three
dollars 10 cents to make 30 cents one
thousand dollars to make thirty dollars
I mean one thousand dollars to make
three thousand dollars right my brain
just glitched that is that worth it
that's definitely worth it right you are
potentially getting so much more in
return than what you are risking so this
is a decent trade and let's see how this
plays out
all right all right price go down go
down go down and ultimately smash or
take profit right here you can see this
price action trading strategy works
right price action is King price action
will always be king it's really just as
simple as that guys so before I continue
with this video I got a huge
announcement to make I'm accepting five
new students to my mentorship program so
if you are interested to learn trading
for me one on one I literally go into a
zoom call and explain and teach you guys
from the beginning all the way to the
end like how to actually become a
successful Trader like you can see these
are like the syllabus on what you're
gonna learn you can pause on this video
if you want so basically these are what
we're gonna learn I'm gonna give you
everything you need to become a
successful Trader so if you are
interested in that make sure you go DM
me on Instagram to just reserve your
spot yup so if you are serious about
trading I believe that you need a mentor
and I just want to say that this is not
an ordinary course all right it's not a
course but I just give you guys videos
and just watch no it's literally me
getting into a zoom call with you like
you right now watching this and I
literally teach you everything I know
about the charts right so if you're
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just go DM me on Instagram as soon as
possible to reserve your spot right now
here's another example but right now
we're gonna learn how to get sniper
entries on the support and resistance
time frame so right now like I said you
do not want to enter when price is in
the middle of nowhere so what I mean by
in the middle of nowhere is anywhere
around here all right you do not want to
enter right there you want to enter when
price is either at a resistance level or
a support level all right so right now
price is at a support level so we can
look for our entries so since this is
like a very strong support level you can
see like whenever price is down here it
always go back up down here always go
back up down here always reverse and
head back up so this tells us that this
is a very strong support area that price
has failed to break past multiple times
so we can look to enter for a buy
position somewhere around on this area
and I can see luckily for us price is at
the support area right now you can see
right now price at this major level and
we do not want to enter right here yet
because there's only one Confluence the
support level is only one Confluence we
want to look for three Confluence or as
many as possible so we just wait we
still wait there are somewhere I can go
down to like four hour time frame oh my
God God damn it trading view so we have
to stick with the daily time frame but
like I said if you want to get sniper
entry just go down to the 15 minute time
frame or even a one hour time frame so
you can see right now at this level
price did this big green Candlestick
right here this is a bullish engulfing
Candlestick which tell us that price is
going to head up so if you look towards
your life you'll see another Candlestick
pattern this right here this is the
Morning Star Candlestick pattern this
three Candlestick pattern which show us
that price is going to reverse and hit
back up right so we can enter for a buy
position somewhere right around here but
that's only two conference we need one
more Confluence and that is your moving
average crossover you can see like the
black line has crossed over right here
this is when the candlesticks above the
black line right now so enter for a body
position right here and she'll be
placing a stop loss below this support
level and then place your take profit
all the way up at this resistance level
the reason why we place our take profit
all the way up here is because if we
look towards your left let's zoom out a
little bit look towards your left you
will see that whenever priced at this
area right here one two three four five
five times it always end up reversing
and head back down so this is a very
strong resistance area that tell us that
okay price is probably not gonna break
past this level so we'll play it safe by
placing our take profit right there so
we'll place our take profit right here
at this resistance area and let's see
how this beautiful trade play out Bam
Bam Bam Bam absolutely smash out take
profit right here guys this is when
prices already smashed our take profit
so we have get out of this Buy trade so
you can see that right now price did
this Hammer right here this is like the
inverted hammer or something but
basically this is a Candlestick pattern
that shows us that price is going to go
down and that is our first conference
this is a bearish hammer if I'm not
wrong so there's one Candlestick pattern
the second can the second conf no there
is one Confluence the second Confluence
is that price at this resistance area so
the third Confluence could be like some
sort of moving average crossover so you
can enter for a sell position right here
and place I'll take profit I mean place
a stop loss Above This resistance area
and now your take profit will be at the
support level that we have drawn right
here because if you remember like at
this area price is just like very hard
to break past so you can place or take
profit right here and look at this guys
price ultimately went down and smashed
out take profit right here I'm not
playing with you this strategy Works
guys so go ahead and back test this
strategy all right make sure you scroll
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Related queries:
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