Trading Rules: Catch the Right Candle
60sClear, actionable trading advice with high educational value for beginners.
▶ Play ClipAI Summary
The video is a live trading session on Pocket Option, where the trader uses technical indicators like moving averages, stochastic, and Bollinger Bands to make quick binary options trades on currency pairs. The trader shares real-time decisions, profits, and personal anecdotes, emphasizing the importance of following market trends and managing risk.
Chapters
1
Opening and First Long Trade
00:06
2
Bearish Reversal and Short Trade
01:33
3
Short Trade with Stochastic Oversold
02:57
4
Strong Bullish Trend and Long Trade
03:58
5
Short Trade with Stochastic Exit
04:53
6
Long Trade with Bollinger Bands and Risk Management
05:45
7
Profit Summary and Promotions
06:56
[00:19]
Initial Analysis
Price is above both moving averages, indicators are bullish, so the trader decides to go long, emphasizing not to trade against the market.
[00:46]
Candle Color Rule
For long trades, catch a red candle; for short trades, catch a green candle. This is a key entry timing rule.
[01:33]
Bearish Reversal
Identifies a bearish reversal, breaks support, and places a $100 short trade, expecting a downtrend.
[02:18]
Armani Code Mention
Promotes Armani Code fragrance, suggesting viewers try it at a perfume shop. This is a personal aside, not trading-related.
[02:57]
Short Trade Setup
Price below red moving average, indicators pointing down, stochastic oversold but entry point acceptable. Places $140 short.
[03:58]
Strong Bullish Trend
Strong uptrend, indicators aligning, stochastic not overbought, places $200 long, citing strong buyer power.
[04:53]
Short Setup with Stochastic
Price below moving averages, stochastic exiting overbought, places $200-250 short. Bounces from 0.90 level.
[05:45]
Long Trade with Bollinger Bands
Price above moving average, broke Bollinger midline, places $350 long, but notes risk management due to lower profit percentage.
[06:56]
Profit and Promotion
Ends with $1,030 profit, promotes Telegram private group, asks for likes, comments, and subscribes.
The video demonstrates a practical application of technical analysis in binary options trading, highlighting the importance of trend following and risk management. The trader's casual style mixes trading insights with personal promotions, making it more of a vlog than a structured tutorial.
Mentioned in this Video
Study Flashcards (5)
What is the rule for catching candles in trading?
easy
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What is the rule for catching candles in trading?
easy
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For long trades, catch a red candle; for short trades, catch a green candle.
00:46
What did the trader identify at 01:33?
medium
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What did the trader identify at 01:33?
medium
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A bearish reversal and a break of support, leading to a short trade.
01:33
What did the trader say about the stochastic indicator at 02:57?
medium
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What did the trader say about the stochastic indicator at 02:57?
medium
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It was in the oversold zone, but the entry point was still acceptable.
02:57
What was the trader's profit at the end of the video?
easy
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What was the trader's profit at the end of the video?
easy
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$1,030.
06:56
What did the trader say about risk management?
medium
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What did the trader say about risk management?
medium
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Even if you are winning, you are risking your funds, so you must understand you have a chance of losing.
06:27
💡 Key Takeaways
🔧
Candle Color Rule
A simple, actionable trading rule that is easy to remember and apply.
00:46
⚖️
Risk Management Principle
Emphasizes that even winning trades carry risk, a crucial mindset for traders.
06:27
📊
Profit Achievement
Demonstrates a successful trading session with a concrete profit figure.
06:56Full Transcript
[00:06] The smell. Oh my god, guys, just try it. So, no
[00:19] I see that right now the price is bit above the moving averages, both of them. right here, all right. And I I see that all the indicators are for long, they're long. And I don't want to go against the
[00:33] market, so interest spot is really nice. I like the interest spot that I'm having. candle. And this this is very much important all
[00:46] once you are uh willing to trade uh willing to trade for long option, you got to be trading catching the red candle. And vice versa, if you're going for
[01:00] short, you got to be catching the green candle. >> Uh so, we are having strong uptrend here and I honestly and sincerely believe and I honestly and sincerely believe that we win in this.
[01:19] dollars of profit. Yeah, it wasn't that busy today and busy today and just decided to
[01:33] Uh I'm having bearish reversal right here and I'm putting 100 dollars. Uh So, yeah. As well as we broke the support, so going downtrend, going for short.
[01:52] Where's my earring? Oh, my I thought I I lost it. Sometimes, I guess, sometimes, guys, I just getting very used to that and I'm really forgetting about the earrings or the I mean the
[02:04] about the earrings or the I mean the accessories that I'm wearing. the fragrances. I mean, I'm just wearing them a lot. Lately, I bought
[02:18] the Armani Code. The smell Oh my god, I just [snorts] try it. Even if you are not going to be buying it, you just try it, you know. Go to any perfume shop and just
[02:33] ask for the tester or ask for the just ask for the employee to give you try of that. Nice. $92 of the profit.
[02:45] Thank you, Euro. We made another profit with you.
[02:57] red moving average. I'm putting 140 here. And all the indicators are pointing down, even though stochastic in kind of in oversold zone. So, we're here. However, the entry point is not really that bad.
[03:12] It could have been better, I know that, but it's not that bad. Uh lately, I've just noticed that my hair is just losing its quality. And I mean, I'm young, I'm 23 only, and I'm kind of
[03:26] because of the fact that I'm stressing out about it, I'm even I'm losing even right? Conspiracy right there. So, we'll win this in 10 seconds. We're going to be having 128, almost 129
[03:41] Uh I feel a little Nice. Great.
[03:58] are having strong bullish trend right here, dude. Let me bet 200 right here. We're having really nice uptrend indicators are aligning for And if you taking a look at the stochastic, it indicates that we're
[04:13] it was just, you know, justified by this strong buyers power. They are just dominating the market right now and a lot I mean entry point is great, a lot I mean entry point is great, really.
[04:27] I don't feel good. Yeah. I may pass out. I may pass out. Yeah, yeah.
[04:53] Now look, the price is below the moving averages first of all. The second of all, stochastic is according to the stochastic we exiting the overbought zone. So we betting 200 to 250
[05:07] to 250 for short. You know, it seems like we just bounced up from the level of 0.90 to 0.9. And as I mentioned earlier, we just
[05:23] exiting the overbought zone according to the stochastic. 480 back to our balance with a profit of 230.
[05:45] Okay, going for long and betting a a bit more. Let's do 50. Let's do 350. We broke the Bollinger Bands midline. The price is above the moving average. We have a little bit of space according to the stochastic. So, I'm not that
[05:59] situation with those Australian dollars and Japanese yen uh the situation was really great and easy and I could have made some profit right there. But, if you're taking a look at the percentages of the profit it was 80%
[06:15] and now it's 75. So, it just dropped and you know, there's no point of risking you know, there's no point of risking your money even though when you
[06:27] be winning the bet anyway, you're risking your funds. You're risking your balance. So, there's no way of doing that. If you're risking some amount of money, you you got to understand
[06:39] that that you're going to you're going to report yourself that you have a chance of losing. no Oh my god.
[06:56] While I was talking about that we almost lost it, but we got it. So, guys. Nice. From $1,030 if I'm not wrong. I made that profit. So, Telegram private group
[07:11] Do not forget. And of course, leaving a like. Typing in comments cuz typing some comments cuz I'm reading them for quite frequently when I'm
[07:24] like you to communicate and just read those comments cuz I'm trying to you know, improve the quality of the video. I'm trying [snorts] to improve I mean, not forget to subscribe to my YouTube channel as well.
[07:37] channel as well. Thank you for watching and
