The video discusses the importance of using multi-time frame strategies to increase confidence and profitability in trading. The speaker emphasizes that traders should pay attention to higher time frames like daily, weekly, and monthly charts to understand the overall trend of a stock. This understanding can increase the win rate and confidence in trades, as it provides a more comprehensive view of the market.
The video provides examples of trading strategies using higher time frame patterns. It shows how to identify key levels and potential profit targets in a stock's trading pattern. The speaker explains how to use these patterns to make precise entries on lower time frame charts, such as the one-minute chart.
The speaker also demonstrates how to use these patterns to identify potential fakeouts or reversals in the market. For example, he shows how to identify a double top pattern on a four-hour chart and then use this information to set key levels for entries and exits on a one-minute chart.
The video concludes with another example, this time using a flat top pattern on a one-hour chart. The speaker shows how to mark pre-market high levels and pivot levels on the chart to identify potential entry and exit points for a trade.
The speaker encourages viewers to practice these strategies and to build confidence in their trading decisions. He also provides additional resources for further learning.
1. The speaker is teaching a strategy that involves using multi-time frame patterns to increase confidence and improve trading performance [Document(page_content="00:00:00.00: if you get faked out have low confidence\n00:00:02.16: and lose trades in this video I'm going\n00:00:04.14: to teach you the only multi-time frame\n00:00:05.76: strategy that you need to learn to\n00:00:07.62: increase your confidence and become a\n00:00:09.36: profitable Trader", metadata={})].
2. The speaker emphasizes the importance of understanding higher time frame patterns to increase win rate, gain higher confidence in trades, and better predict market movements [Document(page_content="00:00:24.06: why you should be looking at the higher\n00:00:25.80: time frames number one it will increase\n00:00:27.96: your win rate why is this the reason\n00:00:30.60: it'll increase your win rate is because\n00:00:32.40: when you don't have those higher time\n00:00:34.26: frame patterns in mind and you're only\n00:00:36.18: trading on let's say the one minute and\n00:00:37.68: five minute you only have about 20 to 30\n00:00:40.14: percent of the full story you really\n00:00:42.18: need to know what's happening on the\n00:00:43.56: weekly the daily the four hour in order\n00:00:45.72: to understand what the stock wants to do\n00:00:47.94: on those bigger movements to actually\n00:00:50.22: capitalize on some of those moves two\n00:00:52.44: it'll give you higher confidence in\n00:00:54.06: trades the reason it'll give you higher\n00:00:56.10: confidence in trades is because you\n00:00:58.44: understand 100 of the story if you know\n00:01:01.14: a hundred percent of the story then of\n00:01:03.24: course you're going to have more\n00:01:04.38: confidence let's say you're studying for\n00:01:06.30: an exam if you only study for the exam\n00:01:09.72: for an hour let's say you only know\n00:01:11.58: thirty percent of the content but if you\n00:01:14.16: studied for that exam let's say weeks\n00:01:15.96: prior you know 100 and you're feeling\n00:01:18.30: much more confident to take that exam to\n00:01:20.94: have a better Mark similar with trading\n00:01:23.28: if you don't know the full story of the\n00:01:24.78: higher time frames you really only know\n00:01:27.00: a certain percentage and therefore you\n00:01:29.16: don't have enough confidence when you're\n00:01:30.66: executing those trades", metadata={})].
3. The speaker explains that higher time frame patterns can help identify daily bias, help play the market open, and prevent traders from getting faked out [Document(page_content="00:01:32.94: it'll give you higher confidence in\n00:01:34.4