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Урок №2
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Урок №2

Introduction

The speaker introduces himself and greets the audience.

Speaker Introduction

  • Alexander is the first speaker.
  • The recording begins with introductions.

Creator

The speaker discusses the creator of something, but it is unclear what that something is.

Creator Discussion

  • The speaker mentions a creator, but it is unclear what they are referring to.

Visibility Issues

The speaker notes that something cannot be seen clearly and suggests increasing visibility.

Visibility Discussion

  • Something cannot be seen clearly.
  • The speaker suggests increasing visibility.

Unidentified Person

An unidentified person joins the conversation.

Unidentified Person

  • An unidentified person joins the conversation.
  • It is unclear who this person is or their role in the discussion.

Audio Check

The unidentified person checks their audio connection with the other speakers.

Audio Check

  • The unidentified person checks if they can be heard by others.
  • They confirm that their audio connection is working properly.

Fibonacci Levels

A discussion about Fibonacci levels and charting ensues between two speakers.

Fibonacci Levels Discussion

  • One of the speakers asks if another has stretched Fibonacci levels from one point to another on a chart.
  • There seems to be some confusion about how this was done.
  • Eventually, both speakers agree on how it was done and continue discussing charting techniques.

Stop Losses

A discussion about stop losses takes place between two speakers.

Stop Losses Discussion

  • One of the speakers asks about stop losses and why margin needs to be added.
  • The other speaker explains that adding margin ensures that the stop loss is at the liquidation price.
  • There is some confusion about how to calculate stop losses, but eventually, it is explained that they should be calculated based on daily timeframes.

Margin Requirements

A discussion about margin requirements and calculating stop losses continues.

Margin Requirements Discussion

  • One of the speakers asks why margin needs to be added if there is already enough in a position.
  • The other speaker explains that adding margin ensures that the stop loss is at the liquidation price.
  • There is some confusion about how to calculate stop losses, but eventually, it is explained that they should be calculated based on daily timeframes.

Trading Psychology

A discussion about trading psychology takes place between two speakers.

Trading Psychology Discussion

  • One of the speakers notes that many traders can sit through losing trades and add more margin to avoid being liquidated.
  • The other speaker notes that this can lead to significant losses and emphasizes the importance of properly calculating stop losses.

Proper Stop Loss Calculation

A discussion about proper stop loss calculation continues between two speakers.

Proper Stop Loss Calculation Discussion

  • One of the speakers emphasizes the importance of properly calculating stop losses based on different trading situations.
  • They note that using a fixed percentage for all trades can lead to significant losses.

Understanding Correct Pullback Movements

In this section, the speaker explains two types of pullback movements and how to correctly identify them.

Two Types of Pullback Movements

  • There are two types of pullback movements: ascending and descending.
  • Ascending pullbacks should be stretched from the low point to the high point, while descending pullbacks should be stretched from the high point to the low point.

Importance of Following Candle Wicks

  • Always follow candle wicks when stretching a pullback movement. Ignoring them can result in an incorrect analysis.

Confirming Correct Analysis

In this section, the speaker confirms correct analysis by reviewing student responses.

Reviewing Student Responses

  • The speaker reviews student responses and confirms that they have correctly identified ascending and descending pullback movements.
  • It is important to always consider candle wicks when analyzing price movements.

Analyzing Trends with Limited Data

In this section, the speaker explains how to analyze trends with limited data.

Analyzing Trends with Limited Data

  • When analyzing trends with limited data, it is important to stretch movements based on available values.
  • If there is no visible trend on a graph, it is best to assume that one does not exist until more data becomes available.

Using Fibonacci Correction Tools Correctly

In this section, the speaker explains how to use Fibonacci correction tools correctly.

Using Fibonacci Correction Tools Correctly

  • When using Fibonacci correction tools, it is important to only select relevant sections of a trend for analysis.
  • Selecting too large of a section can result in an incorrect analysis.
  • It is important to consider the direction of waves when selecting sections for analysis.

Technical and Fundamental Analysis

In this section, the speaker introduces technical and fundamental analysis. Technical analysis involves studying charts and patterns to predict price movements, while fundamental analysis involves researching a coin's background information such as its market cap, circulating supply, news, etc.

Technical Analysis

  • Candlestick analysis is an important part of technical analysis.
  • Patterns in trading are formed by candlesticks or indicators.
  • The history of trading repeats itself when a pattern appears on the chart.
  • Traders use patterns to predict future price movements with a 50/50 probability.
  • Market makers also use patterns to make their trades.
  • Divergences can confirm or refute patterns.

Fundamental Analysis

  • Fundamental analysis involves researching a coin's background information such as its market cap, circulating supply, news, etc.
  • This type of research helps traders understand the potential risks and rewards associated with investing in a particular coin.

Encyclopedia of Chart Patterns

In this section, the speaker discusses the importance of using an encyclopedia of chart patterns for technical analysis.

Encyclopedia of Chart Patterns

  • An encyclopedia of chart patterns is essential for traders who want to learn about different types of chart patterns.
  • Using an encyclopedia can help traders identify common chart patterns that appear frequently in current trading structures.

Understanding Crypto Events

In this section, the speaker discusses how to stay informed about important crypto events and their impact on assets.

Importance of Coinmarketcal

  • Coinmarketcal is a useful tool for tracking important crypto events.
  • It provides information on listings, updates, launches, and other significant events.
  • The site ranks events by importance based on their potential impact.
  • Knowing about an event in advance can help traders make informed decisions.

Drop-staps and Cryptorang

  • Drop-staps and Cryptorang are two free sites that provide valuable information to investors.
  • They offer details on when airdrops will be distributed and when team tokens will be unlocked.
  • This information helps investors understand the market better.

Understanding Investor Participation

  • Investors participated in Autonio's strategic rounds, with Binance and Coinbase among them.
  • The total number of coins purchased by investors was 134 million out of 350 million invested in July 2022.
  • Knowing this information can help predict the value of a coin.

Overview of Investment Strategy

The speaker discusses the importance of growing the value of their investment and the need to liquidate it. They also mention that investors have not received any money yet.

Importance of Growing Investment

  • The speaker emphasizes the need to grow their investment gradually.
  • They mention that they need to increase its value so that they can liquidate it later.

Information on Coin Prices

  • The speaker talks about how much coins were purchased for, citing Salam as an example.
  • They mention that some funds bought coins at a lower price than others.
  • They discuss how much Solana is currently worth and how many coins they have.

Current State of Investments

  • The speaker mentions that they are in a bear market and have adjusted their strategy accordingly.
  • They talk about Vestings and how they have already passed through them.
  • They suggest selling some coins before investors leave, as there is a risk of prices dropping.

Importance of Investors

The speaker discusses the importance of having multiple investors in a coin to prevent manipulation.

Manipulation by Single Investor

  • The speaker explains how having only one investor can lead to manipulation.
  • They describe how this investor could easily control the token's price and manipulate it for personal gain.

Importance of Multiple Investors

  • The speaker emphasizes the importance of having multiple investors in a coin.
  • They explain that more investors mean less chance for manipulation and more stability in pricing.

Risks Associated with Certain Tokens

The speaker warns against investing in certain tokens due to their unpredictability and susceptibility to manipulation.

Unpredictability of Tokens

  • The speaker warns against investing in tokens that are highly volatile and unpredictable.
  • They mention that these tokens do not follow technical analysis and can be easily manipulated.

Risks of Trading Certain Tokens

  • The speaker advises against trading certain tokens due to their susceptibility to manipulation.
  • They explain how some investors can manipulate the token's price for personal gain, making it a risky investment.

Importance of Monitoring Investors

The speaker emphasizes the importance of monitoring investors in a coin.

Importance of Monitoring Investors

  • The speaker explains how monitoring investors can help prevent manipulation and ensure stability in pricing.
  • They suggest looking at funds and banks as potential investors to monitor.

Example of Investor Monitoring

  • The speaker gives an example of monitoring Dota investors.
  • They mention that only four companies remain invested in Dota, making it a less risky investment.

Investing in Cryptocurrencies

The speaker discusses the importance of investing in cryptocurrencies and provides insights on how to analyze altcoins.

Importance of Timing

  • It is important to time investments correctly, as some coins may take up to 230 days before investors receive their coins.
  • Coins should be purchased at or slightly above their initial price, as buying below this price can lead to difficulty selling later on.

Researching Projects

  • When analyzing a project, it is important to look at the number of investors and top holders.
  • Use websites such as Crypto Rank, Drop Stops, and Coin Market Call for information on projects.
  • Candlestick analysis can be used to predict price fluctuations.

Participating in Projects

The speaker discusses the benefits of participating in cryptocurrency projects and provides examples of successful projects.

Ubisoft's Investment Portfolio

  • Ubisoft has a large investment portfolio that includes several promising projects.
  • Brents is an interesting project that acts as both a fund and centralized exchange.
  • When investing in a project, it is important to wait until tokens become available for purchase.

ID Space Token Sale

  • ID Space recently launched on Binance Launchpad with little information available about the project.
  • Candlestick analysis can be used to monitor price fluctuations after launch.

Resources for Analysis

The speaker provides resources for analyzing cryptocurrency projects.

Drop Stops and Coin Market Call

  • Drop Stops provides information on upcoming token unlocks.
  • Coin Market Call offers detailed information on cryptocurrency projects.

Candlestick Analysis

  • Candlestick analysis can be used to predict price fluctuations.
  • This method was developed by Japanese trader Munehisa Homma during the Middle Ages.

Introduction to Japanese Candlesticks

In this section, the speaker introduces the concept of trading and explains that traders can trade anything that is traded on exchanges. The speaker then goes on to explain Japanese candlesticks as a form of technical analysis.

Understanding Japanese Candlesticks

  • Japanese candlesticks are a type of chart used in technical analysis.
  • There are two types of candles: green (bullish) and red (bearish).
  • The body of the candle represents the opening and closing prices, while the wick represents the high and low prices.
  • There are many different types of candlestick patterns, but it's not necessary to memorize them all.
  • Some common patterns include doji, hammer, hanging man, shooting star, bullish engulfing pattern, bearish engulfing pattern.

Using Candlesticks for Trading

  • Candlestick patterns can be used to identify potential trend reversals or continuations.
  • It's important to understand how gaps in price occur and how they can affect trading decisions.
  • Traders should focus on understanding key candlestick patterns rather than trying to memorize every single one.
  • Gaps in price can be an important indicator for traders when making trading decisions.

Candlestick Patterns and Trend Reversals

In this section, the speaker discusses candlestick patterns and trend reversals. He explains how to identify bullish and bearish reversal patterns using candlesticks, and emphasizes the importance of using daily or weekly timeframes for analyzing these patterns.

Candlestick Patterns for Bullish Reversals

  • Bullish reversal patterns indicate a potential change in trend from bearish to bullish.
  • The most important aspect of a bullish reversal pattern is the long lower shadow or "dogi" on a candlestick chart.
  • These patterns are best analyzed on daily or weekly timeframes, as they provide more information than hourly charts.

Candlestick Patterns for Bearish Reversals

  • Bearish reversal patterns indicate a potential change in trend from bullish to bearish.
  • Weak candles with long upper shadows can signal that sellers are taking control, potentially leading to a shift in market sentiment.
  • It's important to use daily or weekly timeframes when analyzing these patterns, as hourly charts may not provide enough information.

Importance of Candlestick Patterns

  • Candlestick patterns can be used to identify potential trend reversals and help traders make informed decisions about buying or selling assets.
  • While candlestick patterns can be useful on all timeframes, they are most effective on daily and weekly charts, as they provide more information and reduce noise.

Introduction to Candlestick Patterns

In this section, the speaker introduces candlestick patterns and explains how they can be used in technical analysis.

Candlestick Patterns

  • Candlestick patterns are a type of chart pattern used in technical analysis.
  • They can be used to identify potential trend reversals or continuations.
  • Japanese candlesticks are the most commonly used type of candlestick chart.
  • The speaker recommends using a tool that shows all candlestick patterns and their meanings, such as TradingView.

Types of Candlestick Patterns

  • There are three types of candlestick patterns: reversal, continuation, and two-way.
  • Reversal patterns indicate a potential change in trend direction. Examples include double tops/bottoms, head and shoulders/tops, and evening/morning stars.
  • Continuation patterns suggest that the current trend will continue. Examples include bullish/bearish flags, rectangles, and pennants.
  • Two-way patterns indicate that price could move in either direction. However, these patterns are not recommended for trading due to their unpredictability. Examples include symmetrical triangles and ascending/descending triangles.

Trading with Candlestick Patterns

  • It is important to confirm candlestick pattern signals with other indicators before entering trades.
  • Aggressive traders may use less confirmation while conservative traders may require more confirmation before entering trades.
  • Risk management is crucial when trading with candlestick patterns. Traders should calculate possible profit/loss ratios before entering trades.

Trading Double Tops and Bottoms

In this section, the speaker explains how to trade double tops and bottoms.

Understanding Double Tops and Bottoms

  • A double top is formed when the price reaches a high point twice before reversing.
  • A double bottom is formed when the price reaches a low point twice before reversing.
  • The neckline connects the two peaks or troughs of the pattern.

Trading Double Tops

  • Wait for a breakout below the neckline to confirm that support has been broken.
  • Place a sell order at the retest of the neckline as resistance.
  • Set stop loss above the new resistance level.
  • Calculate profit target by measuring the height of the pattern and subtracting it from the breakout point.

Trading Double Bottoms

  • Wait for a breakout above the neckline to confirm that resistance has been broken.
  • Place a buy order at the retest of the neckline as support.
  • Set stop loss below the new support level.
  • Calculate profit target by measuring the height of the pattern and adding it to the breakout point.

Understanding Stop Losses and Trading Strategies

In this section, the speaker discusses the importance of understanding stop losses and trading strategies when trading. He explains how to place stop losses correctly and why it is important to avoid placing them too far away from the entry point.

Placing Stop Losses Correctly

  • The speaker advises traders to place their stop losses behind the neckline of a double top or bottom pattern.
  • Traders should not be greedy with their stop loss placement, but also not place them too far away from the entry point.
  • The recommended distance for a stop loss is 3-4% above the neckline of a pattern.

Trading Strategies

  • Traders can trade more aggressively by closing half of their position when approaching the neckline of a pattern.
  • If there is no significant increase in volume after breaking through a pattern's neckline, traders should wait for a retest before entering a position.

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Trading Strategies for Chart Patterns

In this section, the speaker discusses trading strategies for chart patterns and emphasizes the importance of waiting for confirmation before entering a trade.

Importance of Volume in Chart Patterns

  • The speaker explains that volume is an important factor to consider when analyzing chart patterns.
  • He gives an example of a small candlestick with high volume that broke through a resistance level, indicating a potential trend reversal.
  • Another example he provides is a large candlestick with low volume that did not confirm the trend reversal.

Stop Loss Placement

  • The speaker advises placing stop loss orders below the neckline of the pattern at 3-4% from the entry point.
  • He warns against placing stop loss orders beyond the right shoulder as it could lead to significant losses if the pattern is invalidated.

Waiting for Confirmation

  • The speaker stresses the importance of waiting for confirmation before entering a trade based on chart patterns.
  • He recommends waiting for price action to break through key levels and observing volume trends before making any trades.
  • He also advises traders to wait for confirmation before re-entering a trade after being stopped out.

Importance of Partial Profit Taking

In this section, the speaker discusses why partial profit taking is important and how it can help traders manage risk.

Partial Profit Taking Strategy

  • The speaker recommends taking partial profits when trading cryptocurrencies or other volatile assets.
  • He suggests taking profits at different price levels instead of holding out until reaching a single target price.
  • The speaker emphasizes that traders should always have an exit strategy in place and be prepared to take profits if necessary.

Formation of Trading Patterns

In this section, the speaker discusses how trading patterns are formed and how they can be identified.

Identifying Trading Patterns

  • Trading patterns are formed through repetition and can be identified by observing similar movements in different assets.
  • Some altcoins repeat their movements identically to other assets.
  • The speaker mentions an example of a double bottom formation that was confirmed with good volume.
  • Stop loss orders should always be placed to manage risk.

Partial Profit-Taking

  • It is important to take partial profits when trading, especially when a resistance level cannot be broken.
  • Fibonacci retracements can be used to identify potential profit-taking levels.
  • When taking partial profits, stop-loss orders should be moved to break-even or into profit territory.

Final Profit-Taking

  • Final profit-taking levels can also be identified using Fibonacci retracements.
  • When identifying final profit-taking levels, it is important to leave some room for unexpected price movements.

Example of a Failed Head and Shoulders Pattern

In this section, the speaker provides an example of a failed head and shoulders pattern and explains why it failed.

Failed Head and Shoulders Pattern

  • The speaker shows an example of a head and shoulders pattern that did not reach its target price level.
  • The failure was due to the inability to break through a key resistance level.
  • The importance of managing risk through stop-loss orders is emphasized.

Using Order Blocks

  • Order blocks can help identify areas where liquidity may exist in the market.
  • These areas can provide opportunities for traders to enter or exit positions.

Identifying Targets Using Fibonacci Retracements

In this section, the speaker discusses how Fibonacci retracements can be used to identify potential targets.

Identifying Targets

  • Fibonacci retracements can be used to identify potential targets for trades.
  • The speaker recommends taking partial profits at the 0.618 level and leaving the rest of the position open for further gains.
  • Final profit-taking levels can be identified using the 0.786 level.

Managing Risk

  • Stop-loss orders should always be placed to manage risk when trading.
  • When taking partial profits, stop-loss orders should be moved to break-even or into profit territory.

Conclusion

  • Trading patterns are formed through repetition and can be identified by observing similar movements in different assets.
  • Fibonacci retracements can be used to identify potential targets for trades, and stop-loss orders should always be placed to manage risk.

Understanding Take Profit and Stop Loss

In this section, the speaker explains how to use take profit and stop loss in trading.

Using Take Profit and Stop Loss

  • After the first take profit, the stop loss is moved to break even, which is the entry point.
  • After the second take profit, the stop loss is moved to the first take profit level.
  • The speaker recommends closing no more than 30% of a position at the first take profit level. The percentage can vary depending on how many take profits are planned for a trade.
  • The stop loss should be set based on previous take profit levels. For example, if there are three planned take profits, then after reaching each one, the stop loss should be moved up to that level.

Moving Stop Loss Up as Trade Progresses

In this section, the speaker explains how to move stop losses up as a trade progresses.

Moving Stop Loss Up

  • As a trade progresses and reaches each planned take profit level, move the stop loss up to that level.
  • If there are multiple planned take profits, close a portion of your position at each level before moving your stop loss up again.

Importance of Manual Trading

In this section, the speaker emphasizes why manual trading is important.

Benefits of Manual Trading

  • Manual trading allows you to fully participate in trades and have a clear understanding of what's happening with your finances.
  • Relying on bots or automation can be risky because they may not always perform as expected.

Trailing Stops

In this section, the speaker briefly discusses trailing stops.

Trailing Stops

  • Trailing stops are not always practical and may not work as expected.

Understanding the Trading Pattern of a Wedge

In this section, the speaker explains how to trade using the wedge pattern.

Using the Wedge Pattern for Trading

  • A wedge is a trading pattern that can be used as a continuation or reversal figure.
  • It indicates a temporary price agreement in the opposite direction before continuing with its original trend.
  • The wedge can be ascending or descending and is formed when prices are confined between two converging trend lines.
  • When trading with wedges, it's important to have a clear trading plan and not rely on miracles.
  • To avoid false breakouts, wait for candlestick confirmation before entering into trades.
  • On daily timeframes, you can confirm patterns by checking smaller timeframes.

Introduction

The speaker discusses the market and who was present on May 21, 2021.

Market Participants

  • The speaker was present in the market from May 21, 2021.
  • Other participants were recent arrivals to the market.

Market Analysis

The speaker discusses how the market fell and what caused it.

Market Fall

  • Many people believed that the fall in the market was due to miners being disconnected, causing a drop in hash rate.
  • However, this was not entirely true as there were other factors at play.
  • The speaker had already predicted that there would be a fall in the market based on technical analysis.
  • There were many indicators pointing towards a fall, including a large wedge pattern and divergences.

Technical Analysis

The speaker explains how technical analysis works and how it can predict market movements.

Predicting Market Movements

  • Technical analysis is used to predict market movements by analyzing patterns and indicators.
  • Patterns such as wedges can indicate whether the market will rise or fall.
  • Divergences can also indicate whether a trend is likely to continue or reverse.
  • Technical analysis should always be done before considering any external events that may affect the market.

Stop Losses

The speaker explains where stop losses should be placed when trading.

Placing Stop Losses

  • Stop losses should always be placed behind key levels of support or resistance.
  • For example, if there is an upward trend, stop losses should be placed behind the lowest point of that trend.
  • If trading on a daily chart, stop losses should still be placed behind key levels of support or resistance.

Trading Strategies for Chart Patterns

In this section, the speaker discusses how to trade chart patterns and provides insights on different types of chart patterns.

Understanding Chart Patterns

  • The speaker explains that it is important to identify the points of contact between trend lines when trading chart patterns.
  • He suggests using stop losses when trading to minimize risk.
  • The speaker encourages participants to ask questions if they are unsure about anything.

Head and Shoulders Pattern

  • The speaker recommends trading the head and shoulders pattern conservatively because there is no guarantee that the right shoulder will form.
  • He explains that confirmation of a head and shoulders pattern occurs when the price breaks through a certain line.

Rectangle Pattern

  • The rectangle pattern is a long-term pattern that can last up to several months.
  • This pattern forms when prices accumulate or distribute at certain levels before continuing in their original direction.
  • When trading this pattern, traders should wait for either a breakout or breakdown before entering into a position.

Bullish and Bearish Versions of Rectangle Pattern

  • There are bullish and bearish versions of the rectangle pattern depending on whether prices break out above or below the rectangle.
  • The speaker suggests trading this pattern aggressively rather than conservatively as there is usually more movement in price.

Overall, this section provides an overview of different chart patterns such as head and shoulders and rectangles. It also offers insights into how traders can approach these patterns with conservative or aggressive strategies.

Trading Strategies for Resistance and Support Levels

In this section, the speaker discusses trading strategies for resistance and support levels. He emphasizes the importance of identifying key points of resistance and support in a given market before making any trades.

Importance of Identifying Key Points

  • It is important to identify key points of resistance and support in a given market before making any trades.
  • The speaker recommends looking for confirmation through multiple movements in the same direction before making a trade.

Trading Bullish Patterns

  • When trading bullish patterns, it is best to confirm the pattern with at least three upward movements.
  • The speaker recommends entering long positions from the lower boundary of the pattern once it has been confirmed.
  • Take profit should be set slightly below previous highs, with 50% of your position closed at that point.

Trading Bearish Patterns

  • When trading bearish patterns, it is best to confirm the pattern with at least three downward movements.
  • The speaker recommends entering short positions from the upper boundary of the pattern once it has been confirmed.
  • Take profit should be set slightly above previous lows, with 50% of your position closed at that point.

Distinguishing Double Tops from Triple Tops

  • Distinguishing double tops from triple tops can be difficult until divergence appears on subsequent moves.
  • Divergence occurs when indicators show an opposite movement to price action.

Understanding Chart Patterns

In this section, the speaker discusses how chart patterns can be used to identify potential trading opportunities.

Chart Patterns and Divergences

  • Chart patterns can be confirmed by divergences.
  • Some chart patterns cannot be confirmed by divergences, such as rectangles.
  • Certain expanding wedges are useful for confirming double tops and double bottoms.

Bull Flag and Pennant Patterns

In this section, the speaker explains bull flag and pennant patterns and how they can be used to identify potential trading opportunities.

Bull Flag Pattern

  • The bull flag pattern is a continuation pattern that indicates a pause in an upward trend.
  • It provides a good opportunity for long trades on the second half of the upward movement.
  • Stop loss orders should always be placed at the breakout point of the pattern.

Pennant Pattern

  • The pennant pattern is similar to the bull flag pattern but has a triangular shape.
  • It also indicates a pause in an upward trend and provides an opportunity for long trades on the second half of the upward movement.
  • Stop loss orders should always be placed at the breakout point of the pattern.

Example of a Flag Pattern

In this section, the speaker provides an example of a flag pattern and explains how it can be used to identify potential trading opportunities.

Flag Pattern Example

  • The speaker shows an example of a bullish flag pattern on AVAX/USDT.
  • The flag pole is used as a reference point for measuring price targets after breaking out from the pattern.
  • Stop loss orders should always be placed at or below support levels.

Placing Stop Loss Orders

In this section, the speaker discusses the importance of placing stop loss orders and provides two methods for doing so.

Placing Stop Loss Orders

  • Stop loss orders should always be placed behind the trend line or support level.
  • The first method is to place the stop loss order 3-4% behind the trend line or support level.
  • The second method is to place the stop loss order at the point where the pattern would be invalidated if price were to return to that level.

Example of a Bearish Flag Pattern

In this section, the speaker provides an example of a bearish flag pattern and explains how it can be used to identify potential trading opportunities.

Bearish Flag Pattern Example

  • The speaker shows an example of a bearish flag pattern on SOL/USDT.
  • The flag pole is used as a reference point for measuring price targets after breaking out from the pattern.
  • Stop loss orders should always be placed at or above resistance levels.

Understanding Flag and Pennant Patterns

In this section, the speaker explains how flag and pennant patterns work in trading.

Flag and Pennant Patterns

  • The speaker measures the height of a flagpole and places it on the point of impact. He explains that when there are no divergences, resistance or support levels can confirm a movement.
  • The speaker shows an example of how to trade Ether Classic (ETC) using a false breakout strategy.
  • The speaker explains that bearish flags move downwards and give good impulses. He also mentions that true flags can be distinguished from false ones by their impulse movements.
  • The speaker shows an example of how to trade using bullish pennants with impulse movements.
  • The speaker demonstrates how stops are taken out behind shoulders, which leads to a return to the right shoulder but does not cancel the pattern.

Homework Assignment: Finding Gartley Patterns

In this section, the speaker gives homework for viewers to find Gartley patterns in any market except Bitcoin.

Finding Gartley Patterns

  • Viewers are given homework to find Gartley patterns in any market except Bitcoin. They are instructed to look for classic Gartleys on hourly timeframes.

Trading Strategies for Figurative Analysis

In this section, the speaker discusses the use of figurative analysis in trading and how it can be applied to different timeframes.

Scalping Strategy with Figurative Analysis

  • The speaker explains that scalping strategy involves catching small price movements and can be used with figurative analysis.
  • The speaker shares a personal conversation with a trader who uses his figurative analysis strategy for scalping.
  • The speaker notes that while there may be more noise when using smaller timeframes, the strategy can still work if applied correctly.
  • The speaker suggests that even as a beginner, one can expect to have around 55% accuracy when interpreting figures on an hourly timeframe.

Applying Figurative Analysis to Different Timeframes

  • The speaker explains that as the timeframe increases, there is less noise and more probability of success.
  • The speaker suggests looking for confirmation on lower timeframes such as 15 minutes when interpreting figures on higher timeframes like an hour.
  • The speaker gives an example of how one could apply this by looking for confirmation on 15-minute charts after identifying a figure pattern on daily charts.

Conclusion

  • The session ends with the instructor thanking everyone and reminding them of their homework assignment.
Video description

Урок №2