Make 15 times your risk on the 2b pattern
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- čas přidán 30. 03. 2023
- Make 15 times your risk on the 2b pattern
An in-depth look at the 2b pattern, popularized by Trader Vic. Sure it works well on daily charts, but there are 4 solid examples from today of it working well on 15 min charts across various markets - Natural Gas, Crude Oil, S&P and Silver.
I love this ... I use your 1min scalp system, and this as well .... the two go really nicely together. I have a second window up for bias and just stay in the direction of the market. The losses are 2 or 3 a day at most, the wins are 8 to 10 a day typically. with 1 NQ contract and a reliable stop based on 2x the ATR, then a $400 loss or whatever is easily made up by the wins since most are 10+ points. Once the initial target is hit, I just manually trail by a bar until I get stopped out. I really resonate with these two approaches you offered. I thanked you before, but I wanted to say it again. You really helped me get over my poor risk management, and "gambling" on poor setups.
Great work!
Been 10 months, still profitable?
I've been trading your 1 minute reversal strategy on a range chart and have noticed this exact set up over and over again. The ema seems to miss the first push candle but then hits the double top style second candle. Thanks again for sharing all these ideas!!
Good to see you back posting good content.
very glad that you're back man.
Glad you are back!!
great video, I love trading failed breakouts. One of the best trading channels on youtube
incredibly simple of a setup and really all a trader needs (if focused!) thanks for the video
Glad you liked it!
Thank you for interesting and useful videos. Subscribed)
good work man!
Beautiful
Thanks brother
Hey Brother love your content, Just back testing the 2b sell and buy, I like it , what is your preferred time frame to use this or seems to work best for you. Thanks
This call liquidity grab. Excellent channel
Yes, I see that term a lot more now. Same concept.
Thank you for sharing this concept! As you were showing each of the set ups, they seemed obvious. You are a very talented and kind teacher! This is the first time coming across your videos, and will watch the others you have posted as well! Is there anywhere else we can follow your trades or potential set ups like the multiple futures you were using to learn in real time while markets are open?
Thank you so much for the kind words. I am not trading much these days. I am currently engaged in a different full-time endeavor that takes all of my focus. I had stopped posting for a long time, but I like teaching and the camaraderie of our group of people. Maybe one day, I'll get back to it with more focus.
@@quanttradeedge2514 Thx for replying, I have subscribed and look forward to future lessons when they are available! Namaste 🙏
I call this "look above/below and fail" but love the idea of using rigid rules for the concept. I feel this is very common on the nasdaq qqq, time for some backtesting
Exactly the same thing.
LAF/LBF works on all markets. Look for them around VWAPs and extensions, and common moving averages.
For the 2B when you say "the entry is on the break below the candle that made the high" is the execution as it is breaking below that candle or do we need to see a candle close below?
As it is breaking below. You could wait for a candle close - that would likely give you higher win rates, but lower multiples. Trade location is always a trade-off between win rate and return.
Have seen that pattern on the ES in the premarket.
It happens in premarket. Often times though, it will happen around the pit open.
hi, in the 2B sell pattern, does it require a close below the breakout candle to initiate the trade? Or I can just short the moment the low of the breakout candle is broken?
You can sell stop below that level. A close below would be more confirmation where you give up some trade location for a higher chance of success.
Thanks for making clear this 2b pattern. How do you decide your TP? from 2R to 15R there is a big distance
It depends on your time frame and risk mandates. For example, if you're a day trader, you'd be out the same day. If you're a swing trader, you can hold for a few days, so you'd wait until you see an actionable divergence or climax. I typically look for previous resistance that aligns with 4R and 8R, and I'm typically out same day or next day.
Hi rangan
Do you take trend or higher timeframe direction in consideration as confluence with this setup?
Im trying to add the 2B to my playbook but picking the right 2B to trade is making it difficult
yes, confluence with a higher timeframe trend is the best way to trade a 2b
Super
Is there a way to make an indicator or strategy for TOS with a custom sound alert? That way we wouldn't miss it.
I'm sure there is. TOS programming isn't my strength.
Is this the ABC pattern? Is this the start of your introduction? If not where do I start? I want to learn this, last week was my first live experience I learn so much but was a little lost on some terms and things in the live, thanks in advance for everything.
This is the 2b pattern. Some ABCs are a 2b pattern also, but not all of them.
@@quanttradeedge2514 is there a staring point for learning ABC? I understand the 2b method looking forward to the week to look for them and back test, thank for Friday, one of the most profitable and fun watching things come together,
Interesting video, thank you. I've been using a Piercing Pattern for my swing reversals for a while now, this seems to be a broader interpretation of it. Does anyone have any screener settings that might highlight the 2B or Piercing reversal, I've been looking trough Tradingview, but there's nothing suitable, it leaves me searching manually which is time consuming, Thanks
I haven't been able to program it specifically. I look for a general thing like a 10 day low in an uptrend and then it's visual from there.
@@quanttradeedge2514 👍 do same thing, some period low or high
so you dont use tick charts only time charts?
primarily yes. I do suspect things would work just as well or better on a tick chart, but no 2 tick charts will look alike - so it is hard to maintain consistency of records/education
It is the same as turtle soup or W/M patterns
It is very similar to a turtle soup. Turtle soups are specific to 20 day highs/lows. If I remember right, they trigger earlier on the reentry into the previous 20 day range. It is similar to W/M, however, they are very specific to the second hump being more extreme than the first. That Bukowski website showed specific stats separating those two variations of W/M.
@@quanttradeedge2514 In this pattern, does the high or low of the 2nd peak/trough candle need to be broken by a single candle or is it ok if several candles combine to break the high/low. Thanks!
Does this work on forex?
I traded very little forex in my time. So I cannot state with any certainty. But, it does work on currency futures.
It's a simple reversal pattern and is seen in ALL financial markets
Looks like a stop hunt set up
Yes, it is a trap pattern.
victim logic.
@@xwhite2020 Guess you never see liquidity sweeps at pivots. You think algos don't do this your in the the wrong field!
@@ray2228 Stop hunt ha ha. Like any price that moves past a previous swing is an algo looking to force a move. lol.
@@xwhite2020 Are you a newbie? It's not forcing a move it's making the market, yes wall street does not use algos lol
Why not create courses on trading?
I have thought about it. I currently don't have the time, but maybe in the future.