Why Most Traders Lose: The Wrong Way to Trade Channels
43sDirectly challenges common trading advice, sparking curiosity and debate among traders.
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The video demonstrates a specific day trading strategy for the mini-index (mini índice) using the 'Price Guide' indicator to identify key support and resistance levels. The creator explains how to set up the indicator and use it to make trading decisions, emphasizing a contrarian approach to market trends.
Chapters
[00:02]
Mapping Peaks and Troughs
The first step is to map out peaks and troughs to identify resistance and support levels. The creator notes that most traders do this and lose, implying a need for a different approach.
[00:15]
Contrarian Trading
The creator plans to sell at resistance and buy at support, going against the trend, which is a contrarian strategy.
[00:28]
Support Region Identification
A support region is identified where the market touched a price point twice, indicating a potential buy zone.
[00:42]
Drawing the Main Line
The main line for the mini-index is drawn by going back to the first day of the week (Monday) and picking a point where the market was stuck for a longer time. For the week of December 8th, the main line is at 15930.
[00:54]
Combining Candlesticks with Lines
Trading candlesticks in conjunction with the drawn lines greatly increases the success rate.
[01:10]
Setting Up the Price Guide Indicator
To set the indicator, select 'Price Guide 15930', remove it, add a number of levels (20), a variation in tic (80), and customize appearance (white, thickness 2).
[01:23]
Benchmark Price for Mini-Dollar
The benchmark price for the mini-dollar remained at 5463.50, as seen in the highs of the first candles on Monday and Tuesday of last week.
[01:39]
20-Point Channels
The creator mentions '20-point channels' and instructs viewers to set up the Price Guide indicator with the given settings.
The video provides a specific, step-by-step method for setting up the Price Guide indicator to trade the mini-index, with a focus on contrarian trading at key levels. The strategy emphasizes using Monday's price action to define the week's main line and combining it with candlestick analysis.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (5)
What is the main line for the mini-index for the week of December 8th?
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What is the main line for the mini-index for the week of December 8th?
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15930
00:42
What is the benchmark price for the mini-dollar mentioned in the video?
easy
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What is the benchmark price for the mini-dollar mentioned in the video?
easy
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5463.50
01:23
What settings are recommended for the Price Guide indicator?
medium
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What settings are recommended for the Price Guide indicator?
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Number of levels: 20, variation in tic: 80, appearance: white, thickness 2.
01:10
How does the creator suggest drawing the main line for the mini-index?
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How does the creator suggest drawing the main line for the mini-index?
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Go back to the first day of the week (Monday) and pick a point where the market was stuck for a longer time.
00:42
What is the creator's approach to trading at resistance and support levels?
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What is the creator's approach to trading at resistance and support levels?
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Sell at resistance and buy at support, going against the trend (contrarian approach).
00:15
💡 Key Takeaways
🔧
Main Line Drawing Method
Provides a specific, repeatable method for identifying a key level based on Monday's price action.
00:42
🔧
Indicator Setup
Gives exact settings for the Price Guide indicator, making the strategy actionable for viewers.
01:10
⚖️
Contrarian Trading
Highlights a contrarian approach that differs from common trend-following strategies.
00:15Full Transcript
[00:00] Existem duas maneiras de se operar o price action. A primeira delas é traçar os topos e fundos, né, galera? Esse daí todo mundo sabe, né? Ah, aqui é uma resistência, né? Um topo.
[00:14] Aí eu traço aqui. Quando o mercado chegar aqui, eu vou fazer uma venda para ir contra, né? Aqui é operar contra a tendência. Aí você pega aqui, olha, duas vezes tocou nesse ponto aqui, aqui também. Aqui é uma região de suporte, né?
[00:27] Quando o mercado chegar aqui, eu vou fazer uma compra. Não é dessa forma que eu faço, afinal de contas, isso aqui é o que a maioria faz e a maioria perde, né? Pra traçar a linha mestra no mini índice, eu volto pro primeiro dia da semana, que é segunda-feira, tá?
[00:45] Que é o dia 8 de dezembro. Pega um ponto onde o mercado ficou mais tempo enroscado aqui. Vale lembrar também que nós operamos os candlesticks aliados com essas linhas, tá?
[00:58] E aumenta muito nossa taxa de acerto. Então, a linha mestra dessa semana no mini índice está no 159,305. Para colocar esse indicador, basta colocar o indicador Price Guide, 159,305 aqui nesse ponto.
[01:16] Vai estar selecionado aqui, você tira, coloca o número de níveis 20, variação em tx 80, aparência coloque do jeito que você quiser, deixa assim branco, espessura 2, e a linha mestra do mini dólar galera, ficou no
[01:28] 5, 4, 6, 3 e 50 olha só, tanto na segunda-feira quanto na terça-feira da semana passada as máximas desses primeiros
[01:40] candles do dia, ó, primeiro candle aqui da terça, primeiro candle da segunda ficou no 5, 4, 6, 3 e 50 e aí ó, canais de 20 pontos, você coloca o indicador Price Guide e deixa nessas configurações aqui.
[01:54] Deixe suas dúvidas nos comentários que eu vou responder todas. E não se esqueça de deixar o like se você gostou desse vídeo.
