The DARK Secrets of Technical Analysis EXPOSED
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- čas přidán 25. 07. 2024
- This is a video about the secrets of technical analysis that nobody talks about.
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#TechnicalAnalysisSecrets
Holy cow!!! That was by far the most “technical “ video I saw from end-to-end… never ever heard most of the terminology. Thanks for the info.
As someone who is 2 weeks short of a year in the forex market I am very thankful for this video. You have cleared some things up. I now understand that price action and technical analysis are not the same thing and should have different mindsets. I have also finally come to understand why none of the indicators work. When ever I would use indicators they would just create noise and confusion when I would trade. They never indicated the same thing either. I got rid of all but the SMA, ATR and sessions indicator. I am pretty sure I do not know what they are really used for but I know what I use them for.
Ed,
Excellent video! Your material has changed my trading forever. I cannot look at other so-called "Trading Mentors" in same way again. You have helped my focus on trading! Also, if may I request a video topic: How you scan the markets for potential trading opportunities with the Fractal Flow methodology. Thank you again for being a REAL educator out there for folks like us!
Man. Who knows how much time and money the information in this video will save people. Sincere thanks, brother.
Thank you sir.
Maximum people don’t like to share what they learnt but you are different
Hey mate. Thank you for your content! Just subscribed🙏
Best trading education on youtube! My new favourite channel! Make more! Can't stop watching!
Thank you for this video introduction which makes me got hooked to dive deeper in this topic! I have purchased the ebook and enjoying it's content and i must admit that it's a bit difficult to understands for a beginner like myself.
This was an incredibly interesting video to watch man. Thank you for explaining it in such a way that makes it understandable and talking about these things.
I'm glad you found it easy to understand!
"Meaningful information is in the noise of price action" should be the motto of every single trader! Thank you for another meaningful video.
To minimise the price noise of min chart, is the use of renko the solution?
Renko will erase the nuances of price that make possible to extract some good information of the chart.
So heiken ashi erased the nuances too?
Or how to actually use the heiken ashi Sir?
Thank you..
@@fractalflowpro фф
That's for taking the time to explain. You didn't have to but you did. Awesome content👆👑
Love from south Africa🇿🇦
Stay safe out here bro 🙏🏻🇿🇦
Very deep and understandable. Been saving up to be able to get all four institutional trading methodology ebooks you wrote. Thanks for giving us peeps into the content of the books🙏🙏
Email me
Which is the 4th one? I only know fractal flow strategy
Market maker method
Pitchfork strategy
This is and will always be the best video I have ever seen, very informative, I'm new to TA awesome content thank you.
It is very interesting! Especially because I agree about the indicators, but came to a different conclusion, which is to make indicators that don't suffer the flaws you mentionned. I actually have 3 of them, that (among other things) reveal what I'm interested to know about what's "under the tip of the iceberg" right now. And therefore they help me anticipate what is more likely to happen soon. That's giving me an edge, a system, and more confidence. What I mean is that maybe, there are good indicators...
I stumbled upon your channel at 4 in the morning and I have been watching your videos ever since.
Wow this is a real eye opener thank you so much
Man, You are GREAT. You are tackling the questions in my mind since I've seen the charts.
So, what's next ?😍
Thank you for you time and patience .... This is amazing ..... 🙌🏾💯
Thanks for the feedback
Love it thanks again. Great as always
Wow. Thank you for this lesson. This is a great foundation for a beginner. From the beginning to the end. Thank you for illustrating how vast the world is below the transitory price chart as well as for what's going below price and the foundation for how to capitalize on that world below the price.
Incredible video. Thank you 🙏🏾 😊
Many thanks; I enjoy your work.
Hi
Have you ever try to remove the time element from the chart and then analyze the data ?
If you build an AI, the AI will maybe decide that time is not important
then trading becomes totally different
yes I have study also this problem and found out that time series doesn't work ,
later I found out that you have to look at prediction of the price in a different way
the big question is can you predict the future price with price data of the past
New trader here. I instinctively didn’t trust most technical analysis, only thing I found a bit reliable for the 1 stock I mostly trade and don’t know if applies to other is the Bollinger, I noticed whenever that stock crossed over the high end, within 1 week it usually dropped back below it.
Yea i've been using it on the 5 min chart for a while and it does work well, the way i do it is put the bol bands on 3 deviations from the mean line instdead of the 2 deviations (deffault) so aboud 99% of the price action takes place within the bol bands, so i go long or short when it crosses the outside band and close trade at the mean line and this strategy has about an 80% win rate but the time where it doesn't work is during a very volatile move where it gives fake signals and pretty much makes you lose a ton of money and the simple way to avoid this is just going on the higher time frames such as the 30 min or the 1 hour or just using other indicators to predict a sudden crash or a high move to the upside, till now i've been very succesful with it
Yeah for me too
I won't lie but these topics hard to chew or even understand how it could help me in my own trades. but still worth gold to dig deeper on such knowledge. I am really appreciate your hard work and respect your perspective of the market. Thank you for opening new gates of knowledge and learning.
Interesting video, mate. Thanks!
I recently found out that there are also adaptive indicators like the Kaufman's adaptive moving average (KAMA). This indicator changes the period it uses by itself in a very smart way. The period will range between very slow and very fast according to the market conditions. In my opinion technical indicators can be very useful when you combine them in the right way. But it's not easy and takes a lot of time.
From my experience, adaptive indicators are as bad as standard ones. I've never seen one that is capable of truly adapting to the market in the way it is supposed to.
First of all would like to say thank you for your amazing video and contents so summarising it for a trader it’s better to trade in a sideways market
Amazing thank you
I am kinda wanting to get the book but as a noobie that I currently am, I feel that the contents will eat me alive but Im very interested. I was about to watch an indicator video but I instead watched this and Im glad I did
The mathematics is not that complicated.
Very interesting topic on cointegration model. Learning a lot. Thank you
Hey i bought your course for price action 1 but 1 seems to be difficult its not that i am not ready but i wanna know if i do 1,2 ,3 , would that be enough to trade? Or i have to buy strategies and is the volume 2 and 3 is based on andrew pitchfork as well?
Awesome Sir 😘😘
Please upload
Detail price action & support and resistance
Sir...u r a pioneer...u r genius than FII's
Thank you 🙏 very much, you’re doing a huge efforts , but still many people are not willing to give up on technical indicators, if technical indicators really work, why there thousands and thousands of them?!
Because good things are rare haha
Thank for the information supplied I would to get name of your book ? I am in deep research as beginner training trader thank you
Statistical Arbitrage by Cointegration. See the video description.
widen the range based on alpha or the sector and size it well according to staying power.
Question. So I create automated trading strategies using a combo of technical indicators and price action that get great results. But I'm always looking for ways to improve them and create new ones (more out of obsession than need). So I saw your ebook which I don't mind investing in. Seems like tremendous value for the price. At the same time, my question is... is it possible once learning this info to somehow automate it? Like in this video around the 15:00 mark you show some type of cointegration indicator that you say once price is below a certain level you buy, etc. So is it possible to realistically create this type of indicator, which subsequently I could use in an automation?
Yes sir. It's possible to automate institutional methods, but it's a nightmare.
Any everybody and his brother is trying to automate....you probably will not come up with anything that has not already been tried a zillion times. Every computer engineer is doing this.
My opinion: I love technical analysis with indicators they make me feel more confident because price action is very hard to master for beginners. I don't rely on indicators alone but analyze the context involved to make sure everything's aligned for a high probable trade. Still without indicators I may actually feel insecure from my analysis so it gives me confluence that goes along with my idea. Some MAs you've gotta remove if price won't respect these but if it does, specially the 50ma which is used by retail traders and even when you see news, you'll find references about 200 moving average and 50ma so if you're in this game for the long run, You need to understand how these work and what do experts mean when they're talking about these.
Take the time away from the indicators and pay attention to market structure.
Then reintroduce the indicators when you can see potential in the structure with your own eyes and analysis.
Market moves up, down, and parallel(sideways).
Psychologically speaking, people chase after specifics. You can’t bottle what’s already been bottled.
Numbers < data < people
Trade < analysis < psychology < people
What happens on the highest timeframe, there will be copies on the lower timeframes.
Double top pattern on the higher timeframe can also found on the lower timeframe.
Uptrend on the higher time frame? Same thing.
How you apply yourself during trading and the results really speak for you.
You can do it without the indicators. Give yourself a good chance to show yourself.
Very true, I am a beginner I totally agree you. I trade using tech analysis and now I am on losing streak.
After a month trolling through free trading videos, I finally learned something on this one. Thanks.
Means a lot, thanks,
very good method of learning theway u teach keep update
If any technical or fundamental indicator consistently worked, everyone would use it, it would become too obvious, and people would start moving in contrarian ways to confuse it and take advantage of those who were expecting it to work every time. If anything in the markets was truly predictable the markets would cease to function properly.
Precisely.
What should we as a trader should focus on while trying to built a system for trading. I know pitchfork is there..but what else .. please guide us
I started trading using Technical Analysis, but now I want to learn Financial Mathematics but I don't know which topic to start with. I have no problem with learning Mathematics but I dont know where to start and how to applied it to Trading.
Amazing content,, thanks a lot.
Thank you
It's funny. My bread and butter income trading system is so easy I could teach an 8 year old to trade it in a day or two and it's as reliable as my toyota. It's fascinating how complex it can be though.
another great video. I am currently only using one technical indicator, which is the 200 period ema and sma (i guess thats 2 indicators) on the daily chart only. Would you suggest getting rid of even that? Do you think it hurts more then it helps in the long run? Thank you.
Get rid of it
@@fractalflowpro thanks for the help. will do. I just realized I used one other indicator -VWAP. I didnt even think of it cause ive always had it on. Should I get rid of that as well?
@@user-hz7fe2pc1x I'm not too familiar with VWAP to give a honest opinion
@@fractalflowpro ok thank u. Im taking it, u dont use it, so ill try getting rid of it for a while and see how it affects my trading.
Was your trading affected ?
I understand the arguments against technical indicators - my first teaching said price action is king. Ofc indicators are lagging - but I still learn them just for completeness. With this knowledge in mind I found for some indicators that they sometimes help with visualization certain information. I found that some indicators helped me to see things better. I understand the final goal is not to use them - some successfull traders still use them - but I think it may just help their cognitive process. Probably the experience with price action is the actual cause for their success. Btw: Your videos are the best I have seen so far - thank you for this great free resource!!!
There are ways of using indicators, but many of the most famous claims associated with them are completely false.
Thanks a lot and U have a beautiful voice
am following standarad devation(valuaiton lines) and chart patterns for trading to me technical indicators just for reference purpose rest depends on volumes and price action ( then what is the use of creating so many indicators(its my personal view)
Ahhh! How many deviations do you go out on your charts? I use 4, since some stocks tend to stay over 3 for a while before finally pulling back
Ichimoku cloud trader is using 4H chart as trend direction--& entry on 15 minute price action. However if on daily chart price is above the cloud, & on 4H chart price is below the cloud. WHICH DIRECTION SHOULD TRADER BE TRADING? Trader holds positions for 3-5 days & IS NOT A DAY TRADER OR SCALPER. 4H trend is not going to flip on A dime & IS A GOOD TREND GUIDE FOR MOST OF TRADERS EXCEPT SCALPERS.. Any suggestion/ideas/wisdom is greatly appreciated. AND Thank you.
I learned very early in trading to IGNORE PRICE. This was mastery level for the reason mentioned. Ignore price because it's 1mm of a massive miles deep iceberg. The grandmaster level is to reintroduce price action with new understanding, and meaningful information dredged up from the noise of the depths.
So what do you recommend?
For me, supply and demand levels are everything, here you can find price bar anomalies - large bars with small volume and small bars with large volume and all in between! Small bars packed with high volume are dynamite waiting to explode! When prices are held at a level and packed with volume, it is in fact churn in action! Smart Money actions!
Damn the price of that book :( Love your content btw :)
5 year trader, first fractal flow video iv come across and im glad i did! Very interesting information, looking forward to going through all of your content!, GREAT WORK BROTHER!!
Excellent Eye Opener
Please provide English captions (subtitles) to the video. I can not follow or understand without them. please and thank you very much!
It is available in CZcams itself.. Just select that option...
I was thinking linear regression and then you came to it.
Awesome content man
Make sense. Well explained.
Would be very interesting if you covered the statistical ...cointegration book ,chapter by chapter .
You can read the book also
@@fractalflowpro I'll definitely read the book as I'm studying these techniques as part of my studies
interesting discussion on how to predict the future, which, of course cannot be done.
I agree. You can estimate it based on statistical stability or repeatable patterns though.
Good talk and explanation.
You are by far the most knowledgeable trader I have seen on CZcams, this amazing, each second I learn something more that no one is talking about.
Thank you, but that's not hard to do in a place where everyone talks about scalping and moving averages.
@@fractalflowpro yes, my friend and I, are working together to learn how to trade and I came across your videos, I was just telling my friend that you and your work is on a completely different level. Thank you for sharing this.
Great. I hope it helps.
Awesome strategy. One of your strategy made me a profitable trader. Thanks man.
Thats true but traders do indicate that no tool can guarantee a 100% win, its all probabilities. Its all about chance, whehter low or high. Lots of these are based on previous behaviour.
Proper G this is great explanation
Please l need the ebook
very interesting thanks
THANK U DER
LOVE U :)
Can someone call Elon Musk and tell him to invest in this information👏👏👏👏👏👏👏👏👏👏
Do you trade using these methods explained in your book?
Yes!
Thanks so much for this. Even as a beginner, I believe technical analysis is pretty much useless... In most cases I just use support, resistance, and trend lines...
@@masteringtao6320 people must do what is working for them i trade technicals
great love from Kenya!
Ww unafanya kazi kampuni Gani😁😁
Another Kenyan here
I have subscribe this channel which is far advance and simple in explanation....tq sir
Several months back, I began putting standard deviation & then linear regression channels on my charts. I keep light background lines for each of 0.5, 1, 1.5, 2 & their negative counterparts on all my timeframe charts but find most useful timeframes to be 90-day charts (with 1-hour delineations) for swing trades as well as a simple 2-day chart for intra-day. I trade when price is between +1.8 & +2 or between -1.8 & -2, as these represent the extremes akin to your example of "a drunk walking down the street will stay at least somewhere between the 2 sidewalks." Now, when price falls to -2 on a 2-day/ 3 or 5-minute chart I find I can use tools such as RSI, stochastics & MACD quite effectively when used at the extreme edges of linear regression. My "win rate" is very very high now; I'll reserve judgment until I've traded for several more months this way but it seems overwhelmingly to me that the missing piece of the puzzle was linear regression. Now all indicators take on much more useable value within the constraints of linear regression channels.
are you using tradingview? I couldn't get the settings to your specifications. I'm not sure if I'm doing it right.
Thanks, unfortunately I can't seem to see your whole reply for some reason. I've tried to look up why that's happening but I can't figure it out. I appreciate the response though.
Please let us know about your progress so far
@@dyingelectron4392 Well, I could write a book on what've learned & added within the last year or so since my post here, but as succinctly as possible the concept of "regression to the mean" never leaves my mind... I only trade based on 1 to 2 (or -1 to -2) on very short term charts of 1 day, meaning previous day into current day. I don't use this channel exlcusivley to enter a trade, it's just 1 of a number of possible confirmations (reversal candels, volume profile, support/resistance, VIX, TNX, $DXY, market internals). On any longer term charts I find Standard Deviation or Mean Regression Channels most directly useful for spotting "pivot points" of support/resistance along angled lines (most traders only use horizontal support/resistance lines & perhaps drawn in angled trend lines but never think to run a mean regression channel from for instance the recent swing low point to current, similar to if you were adding a Fibonnacci chart). It's all enabled me to remain a successful trader. MOST IMPORTANT: The addition of directly watching VIX, TNX & $DXY to help directly time entries & exits adds incredible trading ability; similar to what the author of this video says about "needing something external to the trades we're in for perspective" vs just "indicators." Also watching market internals (Advance/Decline & $TICKS primarily) helps me know what kind of day we're having and when to go heavier or stay lighter in trades in general... Hope you're doing well, and progressing in your trading.... Best to you, & everyone!
Every moment is unique.. there is no such a thing "prediction" in trading... it is same as quantum mechanics.. we can only observe (after observation we knew actually) after something happened. Trading teach me a lot about life..
Thanks alot
10:35 that's a moving average right there to break down the trend of the market😂😂😂
Thanks, ED
I think most traders know that TA is BS but they don't want to accept the truth, because it's easier for them to rely on mechanical analysis that tells when to buy or sell than a subjective analysis that's why they always looking for a magical indicator (stuck in the rabbit hole)
Indeed
TA works, however you are confusing FOMO, fear, greed, positioning sizing, not using stop losses, revenge trading for why most traders fail. EMOTIONS kill you not TA.
Have you ever wondered why thoses things you described are so common with traders who use TA?
If it produces profit it's not bullshit. TA is just a lens. And any lens is better than no lens. Even if it's not the best lens. 20% of understanding beats 0%of understanding. It only seems futile to those with +20% understanding.
There are better lenses
Thank you really
Well....technical indicators can be very powerful practical tools.
A good trader learns how to use a small number of indicators effectively, in conjunction with a number of other factors of course. This explanation here is nice but very abstract, whereas trading is immediate, real and you see the outcomes quickly. No retail trader is going to succeed using econometrics. Patient and careful traders will definitely find technical indicators that help them consistently.
There are certain technical indicators that can be used in specific situations, but most of them cannot be used effectivelly. Econometrics can be used if you have a good platform.
Find a legit trader who is making consistent money...month after month...year after year...and very very few of them use indicators. If indicators actually worked.....the market would know this and manipulate them just like they manipulate your stop loss below the support line.
@@garrydye2394 You can only manipulate so many types of moving averages on different settings and different timeframes. Trends always have to happen, and moving averages will show it visually.
people get upset with me when I try to explain these same conceptual problems with indicators... they don't want to hear it
Yes, denial is a problem with these traders.
There is only 1 technical indicator, your gut instinct!
Our gut instinct evolved to avoid lions in the savanna. Not to trade the markets.
this is pure gold
Thank you so much
Now I'm thinking to pursue my masters degree in econometrics. I want to study it.
Do it!
What is econometrics all about?
@@khanyisilemkhize4191 watch the video again.He explained that its a combination of Economics and Statistics. in this context its a mathematical approach to technical analysis
Yes...... Sir......
GOD bless. Thanks 😊
U said Dark secrets ...But had Put every slide in Bright Colors ...Annoying see this night time...btw Good info Bro
econometrics seems like a terribly complicated and deep subject on its own. how do you take the concepts in econometrics that are relevant to price action on a chart and apply it successfully? not even considering how you'd dumb down the language within econometrics and the mathematical formulas within it so that the average person can understand. id really like to hear more on the topic if you can go more in depth.
Finally found the perfect channel🎉🎉🎉🎉
there is a holy grail bro. price and time.
Quite generic, isn't it?
price and time. but the challenge is how to capture the right moment. We can say the price can go up or down, but when? There is a moving average with undisclosed settings can show that. Oh, I mean moving averages. one, two, or three of them will never be enough.
The closest thing you'll get to the "holy grail" (even though it's a stupid term), it's something called cointegration. It solves a major problem that most traders don't even know they have.
@@fractalflowpro not even close
haha sure.. please educate me on the holy grail
@@fractalflowpro why should I?
Your moving average with undisclosed settings ignores the fact that the settings vary with time. You don't realize the contradiction in your point of view.
I can't understand :(
Amongst click-baitey 'Buy-buy-buy' signals, here's content drawing upon a Nobel prize-winning concept.
It must be the information age, when such high-quality knowledge is so easily accessible and your time, is all you pay for it.
You are best. I love you so much
You're a genius. Seriously.
Finally 🤘👍