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How to Trade HEIKIN ASHI // Learn Secrets and Ultimate Trading Technique with EMA & STOCHASTIC RSI - YouTube
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[Music]
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you are about to learn every secret
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every power every technique about hiking
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ashy what is hiking etching how is it
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calculated how to read bars advantages
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disadvantages what are the limitations
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time frames to use
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and best trading strategy of hiking
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actually combined with ema and stoker
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aside sit tight it's happening
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[Music]
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hello friends hope you're doing great
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today we're going to learn everything
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about heart straight hiking action as
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usual today you will learn technicals
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and in the next video you will learn
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trading examples if you are ready let's
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start
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okay let's start with what hike in azure
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is
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despite its cool name what hiking
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actually means is simply average pace or
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average bar
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it smooths the price and gives us a
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clear vision of price action
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so it removes the noise from the charts
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very useful for beginner traders
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is a financial security uptrending
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downtrending or consolidating
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it helps us to identify market trend
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signals it's like a forecast for
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upcoming price movements
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hiking ashy is a really useful type of
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candlestick
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or you may even call it an indicator
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it is really helpful to us to decide
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entries and exits during trends
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it's not that useful during
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consolidations
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i want to give you a tip you can use
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haiken ashi to support chart patterns
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because it clears all the noise from the
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charts you can identify all types of
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chart patterns
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all flags had a shoulder double bottom
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or tops so it's very strong tool to use
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for all kinds of traders
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let's quickly compare traditional
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candlestick charts and the hiking action
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chart
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as you can see how easy to identify
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trends price action and chart patterns
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with it
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everything is much smoother
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however this does not mean it's superior
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to traditional candlesticks
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it has a couple of significant
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disadvantages that i will talk about
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soon
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the first thing is that you have to
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understand how it is calculated it's
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quite different from the traditional
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candlesticks
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it uses similar data points open low
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high and close
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with traditional candlesticks you can
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easily understand this structure because
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each candle stick is independent with
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its data points as you can see on the
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secret
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however hiking actually candlesticks are
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dependent on the previous candlestick
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you can see the formula on the screen
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so why use this weird formula
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the idea is simple
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remove the noise and smooth the chart
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open of hiking ashy bar
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calculated by taking the average of the
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open and close price of the previous
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candle
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close is calculated by taking the
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average of the high low
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open and close of the current candle
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high is calculated by taking the open
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close and high of the current period and
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choosing the maximum out of three
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low is calculated by taking the open
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close and low of the current period and
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choosing the minimum out of three
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i know i know it's madness but just
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focus on strong trend detection features
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now let's learn how to read hiking ashy
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charts and understand trends
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there are three types of candlesticks
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bullish bearish consolidating
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each type of candlestick is a special
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structure for us to understand the price
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movement
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bullish candlesticks for strong uptrends
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these green candles should have no
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downside wicks or just tiny ones for
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strong uptrends
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there could be a wick at the top of the
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bar
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but our main concern and focus is the
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bottom if it's flat this is great for
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strong uptrends
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larger bodies indicate stronger trends
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if the bodies get smaller it can turn to
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indecision candles soon
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if you start to see this kind of
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candlesticks it's time to evaluate the
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chart to open a long position
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bearish candlesticks for strong
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downtrends it's just like the opposite
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of bullish candlesticks
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these red candle sticks should have none
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or really small tails on the top of the
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bar
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again our main focus is the top of the
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candle if we see larger bodies it's
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better signal for downtrends
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when we start to see this kind of
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candlesticks we either prepare to open a
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short position
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or close are long positions
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finally in decision candlesticks
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just like doji bars there are
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significant tails at the top and bottom
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of the candlestick
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plus the body of the candlestick is
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generally small
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we see these candles mostly during
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consolidation periods
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or as early trend reversal signals
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indecision candlesticks are a great
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indication to take profit or close your
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position if you are already in a
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position
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if everything was this simple why
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doesn't everybody else use haiken ashi
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and become a millionaire and waves us
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from supercars
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like everything else in the world the
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icon actually also has advantages
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disadvantages and limitations
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let's start with the advantages
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one it's beginner friendly smooth and
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clear charts without noise if you
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compare it to traditional candlestick
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charts
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2.
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easier to identify trends and chart
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patterns
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you can get an idea about the financial
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security with one look
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three it gives you a clear entry period
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after trend reversals
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it won't work all the time but it gives
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us an idea
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okay let's check out the disadvantages
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1. it's a lagging indicator it does not
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represent real-time true price so late
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signals could make you give poor
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decisions
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2 despite a clear entry period after
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reversals
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identifying exits and stop loss could be
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tricky due to unreal price
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3. trading at shorter time frames is
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harder with
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hiking ashy charts could not be enough
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responsive for day traders and scalpers
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to give quick decisions
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so let's check out the time frames to
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use now for high kanashii there are no
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such universally accepted time for
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intervals to use the trading community
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is divided into two about it i see some
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people use it for one minute scalping
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and some others use it with one day time
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interval only
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is it raiders who started trading forex
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in 2010 and then moved to stocks options
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and crypto trading from 4x in time i do
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not enjoy using any trading tools which
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below 5 minutes with a lagging indicator
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and a false price indication
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this is my opinion the most preferable
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times are one day
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4 hours and 1 hour for me
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but many people use it with a 5 and 15
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minutes charts but i do not
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please try every time interval maybe you
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will find comfort and success in those
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time frames
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let's learn a profitable hiking ashy
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strategy step by step
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step 1 confirm price with ema 50. i need
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a price to be above ema 50.
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step 2 confirm stochastic rsi
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i need soccer aside to be below 50 and a
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recent crossover
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step 3 confirm entry
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as the last step i'll teach you when to
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enter
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ok let's continue with examples
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let's check out this bitcoin chart with
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the high clean ashy
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my trading technique is extremely simple
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to use
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let's go over step by step
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step 1 i want the price to be above emf
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50.
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this blue moving average is emi 50 and
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the price hovers above it this gives me
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an indication that this financial asset
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is in uptrending momentum for the moment
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step 2 confirming stochastic rsi now
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with stock rsi i look at two things
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first
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a recent crossover with upward momentum
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second thing is i need stock error side
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to be below 50.
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this white line in the middle is set to
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50
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because anything above 50 means that
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it's too late for entry and risky for us
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step three now angel candles are quite
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clear actually after a pullback and red
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candles in a row we are waiting for the
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first green candle with no wick at the
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bottom
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i need no wicks
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if i see even a little wick at the
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bottom i wait for the next candle
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without any bottom wick it should be
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shaved
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the hardest part of hiking ashy is
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finding a stop loss
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it could be really confusing because of
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the false price you could mistakenly set
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a very tight stop loss
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you may want to open the traditional
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candlestick chart before placing your
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stop loss order
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i place my stop loss at the bottom of
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the pullback very close to ema 50
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and my take profit order is at 2r
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let's go over another quick example
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as you can see our price is hovering
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above the emf 50 line which i really
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like
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it means that upward momentum is strong
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secondly i'm looking at stock erasing it
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is below 50 and a very recent crossover
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amazing two out of three confirmations
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already
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finally i'm waiting for the first green
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candle without a tail or shadow after
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pullback
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and again
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even small wigs are not accepted it
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should be shaved and flat
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then the triggers part placing a stop
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loss order
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i place it under the pullback just
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around the ema 50.
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my take profit order is add to r
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okay folks hope you enjoyed the video
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would you like to subscribe the channel
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and help me to grow it i put insane
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amount of efforts into these videos to
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bring the highest quality content after
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lots of research reading and with my
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life experiences
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thank you please take care and see you
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soon
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