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I guys this is Alfred from
binary options tutor dot com today
or tonight as the case may be we're going to be talking about the
basic of Candlestick charting and were gonna be covering some of
the basics of price action
I wanna try and cover 5
things and the good news is when you can
conceptualized these five the you know
a lot of the essentials of what you need to know
about price action
and about the activities that are conducted
every day that repeat themselves these patterns every day
in the market on different time frames yes on different time frames
but these same things happen in the market
over and over again your are going to know what you need to know
in order to trade profitably and start to put these things together
in the market price in and of itself
a lot of people that are p.A. traders they like to ummm
believe that price in and of
itself is everything and
by my estimation it is not it
is part of the show but is not the entire show
so with that said
we are going to quote Shakespeare here and do this like Brutus
let's start with the Candles themselves the
This a Japanese candlestick chart
and Japanese Candles were developed in the 1600
by the Japanese of course and
originally used by rice traders
my brother David put together this chart for me this is a very basic naked chart it's got some
green and red Candles just like what I started with
will before we had MT4
There just was no MT4 I know
.....
I go a long ways back okay and
first we are going to talk about the two emotions that are here
in the market and those emotions are
greed and fear
These are human emotions and were all human
I don't think there is any aliens tuning in
I know there is a guy on here onyoutube who likes to think he is an alien
I don't know I don't proclaim to be an alien
maybe that dude is I don't know
outside that exception we're all human so I like to look at the
market from my human
perspective existence to there goes another
big word for today United start doing
maybe I can start doing that on the regular
greed as the market begins
begins to go up here
and fear with these red Candles
is the market begins to go down
so now we've covered the two emotions that run every market and thats greed
and fear I used to hear them talked about all the time but I don't hear a lot of people
really covering these two emotions anymoreI
or not as much used to be my opinion
recently okay let's talk a little bit about
these candles a little bit deeper on our study
I am going to teach you guys something here
the new guys you you
not heard this but here
we opened gap up a lot of people who are gap traders
that's not me and I will never go guru
on gap trading initially
altogether they were spooky to me
but when there is this difference between where market closed where market open on
the next day generally people see it as a point to market is gonna come
back to
and the markets gonna feel that gap and later on
we do see the market come back and fill in in that gap
their also generally when you open gap
like we opened here gap up in a market gap up
a lot of guys are going to believe this
is a precursor to a market that is going to try and go up
now that actually did work here and that's why picked a spot in the market
this is takes be working textbook when I want to explain
sometimes I'm going to bring up general the not going to bring up to
dorgan and I don't discredit anyone that believes that
I'm right here to discredit one
no I respect other people's opinions
the other way that for creating the market in
I'll more guys can respect mine opinion
weigand trademark why I am here
to explain no no manner anytime you go
leaving dad 13 hearing is gospel
in there a lotta guys with
the workin uni
will sure something is if its gospel
anything in everything happened on the market every day
you if there are patterns well for you defeated
you think parents happen every day of course they do
the marquee that's why over these patterns because
no matter what happens on the marquee you going to the
be to emotions your
agree now with talk about 3 p.m.
the market can do every day because this awful right here
in hear you the market can go up
who is the market going up the market can stay the same
and Wi Fi weeks here
is the marquee consolidate in the morning to you
now you know if the market trimming down
right there now for those very very new
I'm going to talk about from
structure on the Japanese campbell's right here
we're marquee with where market opens
is at the top of the week Campbell where a Morkie
cools is at the bottom
every Campbell in these channels are representing downturn
in in trouble home the market
now there's totally the opposite
at the bottom his way to market open
and at the top is where the market close we've got a green town
so hopefully you if is I'm looking at you
camels now two men steal and
to from move to viewers
is am looking at these campbell's I'm also imagine time
%um my mind and what is happening offered its be enough time
these fifty million you we've to the market
premium right now in nineteen
from one camp to another then
continuation 3 now someone camels
school your your pool now
you'll see it to the top you you to the bottom it was treated here
used to Campbell right here on
netcom week it daddy is when
prices inside it
interval break
outside the open in the cold
if prize in fundamental
worth 8200 put it somewhere
insiders same five min price was a hundred p.m.
we represent right here in this week to the upside
thing being of price were lead-free
200 but at some point within the hour
prize went down 65 that would be represented
to the bottom side on this week right here
that others there very on covering very
be freakin element 3 p.m. because I know
got from renew trading
and that's really my purposes doing Ruby
real a model prime store relieves
granite sometimes room
we have so much technology in so much information
years
up it paralyzing
you don't have anything to really and grown to
trying to provide from bankers these anchors
are then the marquee can go up
the market continually remind same the market can go down
and there are two emotions in the market for your
in its green now mistake ILU
beeper and look at you Campbell
up he more
is the motions but we're going to try and look a little deeper
I like to do persisted give United
I got very early on I just love
to read when I was a kid I used to love to read
Cyclopaedia brown nobody prime encyclopedia brown put you know
some people maybe I don't know movement will be from 10 countries
really unfair remember I don't know by
I love to read encyclopedia brown I love to read through our
homes arm the free
your mom former Fed Chairman Alan Greenspan really get involved in
economic
because it it really story from his love
are the are
baseball cards in this really were getting involved in statistics in manner
in which led to his career in economics in being afraid
human so we argue story somewhere but I guessed already
probably would
rude on lot of how I got so involved in trading
with give loving the idea of being able to develop a hypothesis and worked on
her part of
Lee how in the marquee these are some
core fundamental being the use to rebuild the plane
to help me build the hard part of and that's really more my style
treating death how we trade yup commuters we
on sheer ideas information
not so much to you one of up
be Arlene Dahl strategy
becomes strategies great strategies
to me just part of the system in a plane
and that's what we're really trying to stress you
these are core fundamental not this year
market's going up market's going now
markets consolidating or general staying in
you're gonna find him all these different or smile there from
that then follow the markets do on
and even as we move
our total own hearings from no
market begin to exhibit
a lot on Europe
continuation and three campbell's lot of fear
you from from weeks your in those weeks or
condo when you see it when I feel weak
on re camel I think like
okie from with dumping up behind me and maybe the three boo an obscure from
you know when I'm not really there's not a lot of your
become not very substantive when I feel mom
count Mike is on there's not much week near
that you need substantive year
in the market how working
at the market look at this we here
I mean I'm sorry this body is Campbell like you're doing
is very strong and now the week very very short
a gay you know right there in front starting to put my plan together
there's a lot of substantive year in the market in
so you feel look at things from a perspective your
you agree you know human emotions that we can all understand not just numbers
jorgen that's all very fine how cold numbers now
congress dorgan you know I'm unbeaten pair from
I don't really use a while dark in every day vital Comrie
at I'm really only showing you what I actually treat my
full there are a lot of people who understand
lot better better covering it on my own problem yep
up but this is what gets me through the day units Williams you
that you many most year greed
on three fundamental are stages of price action
our market cycles how'd you lookin
the market going up market consolidation generally staying
same like it is the Syrian you marquee
going now innocently film is
been
the before %uh that foo foo
in will be back next time you may have guessed
on the same bat time same bat channel you will be talking
about UPS to support
resistant in the fridge stove probably
maybe two or three videos don't take me a while to go
i wanna talk about the different ways I grow
mine yes our support and resistance one
in i wanna talk about were wreath with pierre Yves
mother one record for animal thing need to understand
is he going about creating a market if this is Phil
you guys you weigh Plooy like
you comet grime it helps
the helps my brother helps on to
help them BRRip
the materials that are available
on site there's a lotta use premium content owners fight with is also a
model great
recounting that we have to use your not agree
free tools that we happily here with everyone on our site
on our by sorry binary options
to dot com thanks a lot I love you guys
have a wonderful time trademark