AI Summary
This video promotes a paid day trading indicator called the 'Smiley Face' strategy. The creator claims that 18 people who followed the advice from a previous video are now successful. The actual strategy is briefly described: use a 30-minute chart, wait for a specific candle pattern, enter a trade with a stop loss two ticks above/below the candle, and aim for a 1:2 risk-to-reward ratio. The remainder of the video is a sales pitch for a Black Friday deal on a bundle of indicators and educational resources.
The strategy involves two types of smiley face patterns (right side up and upside down) on a 30-minute chart. Enter the trade when the pattern prints, set a stop loss two ticks above/below the candle, and use a 1:2 risk-to-reward ratio.
The creator transitions into promoting a paid indicator package, claiming it includes seven other indicators, a risk calculator for MetaTrader, educational content, live streams, Q&A sessions, trade ideas, and a Discord community.
The yearly package normally priced at $220 is offered at 50% off ($110) until Cyber Monday. The creator emphasizes that subscribers can keep the discounted price for life if they never cancel.
The video barely delivers on its title, spending most of its time selling a paid product rather than providing a comprehensive day trading strategy.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (3)
What time frame is used for the smiley face strategy?
easy
Click to reveal answer
What time frame is used for the smiley face strategy?
30-minute chart.
Where should the stop loss be placed in this strategy?
easy
Click to reveal answer
Where should the stop loss be placed in this strategy?
Two ticks above/below the candle.
00:16
What is the recommended risk-to-reward ratio?
easy
Click to reveal answer
What is the recommended risk-to-reward ratio?
1:2.
00:16
💡 Key Takeaways
Simple Candlestick Pattern Strategy
Describes a concrete trading setup with specific entry and exit rules.
Clear Risk Management Rule
Emphasizes the importance of stop loss placement and risk-to-reward ratio.
00:16Full Transcript
[00:00] So, I made this video three days ago, and the 18 people that took my advice are absolutely crushing it. The strategy is super simple. There are two types of smiley faces, right side up and upside down. You get on a 30-inut chart. Once it prints, you enter your trade. Stop loss two ticks above
[00:16] the candle with a 1:2 risk-to-reward ratio. Plus 2% plus 2% plus 2% plus 2% plus 2% plus 2% plus 2% minus 1%. currently active trade and if you wanted a swing trade, this one would have gotten
[00:33] you a 1 to29. Yes, it's a paid indicator, but it is absolutely phenomenal. If you were to purchase access to get this, you would also get seven other indicators, a downloadable risk calculator
[00:48] file for MetaTrader. It automatically calculates your position sizes. Every single piece of day trading knowledge that exists on the internet is all in one educational platform where you
[01:01] can learn absolutely everything from A to Z in a systematic step-by-step way like a syllabus or you might call it a guide almost daily live streams from professional traders actually live trading on the markets almost daily Q&A sessions with me and we give you trade ideas that you can
[01:17] actually execute to get into the markets before you know everything. We call it our earn as you learn program and access to a private Discord community with thousands of active traders. Now, because it's Black Friday and I think these tools are super useful for you to have, if you get our
[01:32] yearly package, which is normally 220, it's now 50% off until next Monday, Cyber Monday. 50% of 220 is 110. And if you don't ever cancel your subscription, you can keep that price for life.
[01:44] And you can use this indicator right here forever and have some pretty stellar results from your trading. or if you're a great professional trader, I don't know why you're watching this video, but just keep doing what you're doing. If you're struggling, I would suggest trying this out.
