The Only 4hr Price Action Trading Strategy You Will Ever Need... (Full Tutorial)

today I'm going to be sharing with you what I consider to be the best swing trading strategy that I've ever created or discovered this is a strategy I've used now consistently for over six years and it's proven to be the most effective swing trading strategy I have ever used so in this video I'll be explaining this entire strategy to you and also be showing you some of the currency pairs that I'm looking to trade this strategy with throughout the next couple of weeks so if that sounds good go ahead and click that like button for me go ahead and subscribe if you are new and I'll catch you after the intro and disclaimer [Music] in just a second we're gonna be diving into the full strategy tutorial but before we do that there's actually three things that no matter what strategy you learn your trading will never be successful or profitable consistently if you don't master and use these three things so we're going to talk about those a little bit first number one is discipline if you cannot stay disciplined to a consistently profitable trading strategy then you're going to be switching strategies moving your stop up and down moving your target up and down you're going to make a ton of trading mistakes and that's going to cause you to slowly lose money in your account so if you can't master your discipline it doesn't matter what trading strategy you actually learn you will still fail as a Trader trust me I learned this the hard way after over a year of struggling to create profits not because I didn't have a profitable strategy but because I didn't Master my discipline so keep that in mind as we move forward number two is your risk management how much can you control the greed you have to try to get rich as fast as possible the more we risk on a trade the more we can make but obviously the more we risk on a trade the more we stand to lose on that trade as well and at the very beginning of your trading career before you're even good at trading the problem I see most Traders have is they're risking five ten percent of their account just trying to get rich as fast as possible and that is a great way to blow your account not a great way to get rich you will 99 of people that do that will blow their account and a good risk management plan will also help you with number one which is discipline and your trading mindset so keep that in mind as well it's important to have a good risk management plan again another lesson that I learned the hard way that full year I spent losing money trying to learn how to trade I was risking way too much of my account and unable to control my emotions enough to stick to one strategy unable to control my emotions in general and I was an absolute wreck throughout that entire year because I was risking too much on every trade I placed and number three is having the proper expectations again coming into trading at the very beginning of my career I was Roofing houses and looking for a way out looking for a way to make enough money to at least quit Roofing houses and honestly I thought I would be able to get rich within a year and those expectations led to a lot of mistakes so correcting your expectations to a more reasonable level can also help with your mind mindset can help with your discipline and so number three is have proper expectations around trading be prepared to spend a long time learning how to trade it's difficult be prepared to use good risk management where you're not going to get rich super fast but you can acquire wealth over time if that's not something you're prepared for trading may not be for you you may be better off trying to start a different business now before we jump into the strategy itself I want you to notice something trading a strategy is the physical form of pressing the buy and sell button where you can actually make money right well the three things that I just listed had nothing to do with physically pressing the button a large majority of your trading success is going to come down not to the strategy that you're trading but to the six inches between your ears it's going to come down to your trading mindset your ability to handle fear and greed your discipline and your ability to use good risk management and have proper expectations so keep all that in mind as we move forward but now let's take a look at a full tutorial of what I consider the best swing trading strategy that I currently have in my trading Arsenal first off I'm going to be explaining the eight steps that go along with this strategy to you as a brief overview of the strategy itself then we'll dive into each of them in detail first thing that we do with this trading strategy is we look for a major structure level on the daily chart this strategy although we're trading it on the four hour chart utilizes two different Dom frames it utilizes the daily chart for major levels of structure and then the four hour chart for confirmation and entry so step number one which I'll explain in just a moment because we have a very specific way here at TTC that we identify these major structure levels that keeps this trading strategy as objective and easy to follow as possible so I'll explain those in just a second the next thing we look for step two of the strategy is a four hour confirmation which you'll also learn in just a moment step three is the actual entry reason why are we pressing the buy or sell button step number four is an objective rule I use for a stop loss where am I getting out of the market when I know my analysis was not correct I need an objective rule for that in every strategy I trade this one's no different step number five is an objective rule for when I get out when I'm right this is my Target price if everything goes correct compared to my analysis what I thought was going to happen happens I need an objective way that I'm getting out when I'm right so I can actually take some profit step number six is always use proper risk management step number seven is going to be to place the actual trade for me and step number eight is to stay disciplined so there was an overview of the strategy let's now take a look at the specific way a I spot major structure levels on the daily chart while utilizing this trading strategy so personally I use this trading strategy for Trend continuation as well as counter Trend trading you don't have to do that if you would rather just be a trained continuation Trader that's completely fine but right now let me explain the two ways I find Trend continuation levels utilizing this strategy so in a trending Market we'll go down to a chart and take a look at this to make it easier but I want to explain it on whiteboard first in a trending Market we normally have a situation where price is making higher highs and higher lows in this trending Market I am only paying attention to two levels nothing else don't over complicate your trading strategy I'm only paying attention to two areas based on where price is so if price is trending up and it's right here and we start to see a pullback the only two levels for Trend continuation trades that I am paying attention to are going to be the previous level of resistance that was broken and the previous level of support right down here these are the only two levels I'm looking to trade keep that in mind and an added rule for this becoming a major structure level that I'm actually looking in for possible trades is that this level must have been tested multiple times I must see at least two tests of one of these levels so looking back left it would look something like this for this previous resistance level to be a major structure level I'm looking to trade around I would need it to be tested multiple times not only be the latest resistance broken but also be a level that's tested multiple times not only for this to be our previous swing low before Trend continuation but also this level to be tested multiple times so if I was only trading Trend continuation this would be how I spot the major levels of structure on the daily chart let me do a bearish example of this it's literally the same thing just flipped upside down down we would have prices pushing lower pushing lower and we would need to see prices start to pull back and at that point we'd be looking at the previous level of support that was broken and the previous level of resistance or previous swing high before the continuation of this downtrend so would I be looking anywhere else for a possible trade using the strategy the answer is no these are the only two levels I'm paying attention to and what are the other rules I need this level if I'm going to be trading from it to have been tested more than once tested here would actually count as one tested here would count as two I need this level of previous support that could become resistance to have been tested more than once so we would have this desk as our first test we'd have this as our second one and that would give me valid major levels of structure if I was looking at the daily chart planning to trade Trend continuation with this strategy these two levels is where I would be looking for possible trades on the four hour chart so if Trend continuation is all I was trading with this strategy these would be the levels I would be looking for on a daily chart now what I want to do is is explained the counter Trend levels I look for because again I trade this strategy Trend continuation and for counter Trend traits so let me explain that now in a trending Market we eventually always get a reversal after this reversal happens in order to trade counter Trend in this new downtrending environment what I'm doing is I'm looking at our swing low before the start of a pullback this level is not going to be a level of support for me because in a downtrend we are very likely to do what to break below that level so what I'm going to be doing for a counter Trend trade is I'm going to be looking not at this level but I'll put a horizontal line at this level go below it and look left to the very next level price will hit in this case it's this level of support right here so this level would be my counter Trend level for this trading strategy and what else do I need just like with train continuation I'll need this level to be a level that has been tested multiple times so if we're pushing lower and then we begin to continue pushing lower this is where I would look for possible buy trades in a counter Trend trading environment I would look for the next level price is going to hit up support then I would make sure that that level has been tested multiple times then I would look for possible trades in that area on the four hour chart this is the only way I'm looking for possible counter Trend levels the very next level price will hit that has been tested multiple times let me do a bearish example of this as well so after a bearish trend we will almost always eventually see what see a reversal while this reversal is happening I'm going to take a look at price and at my most recent swing High I'm going to put a horizontal line there and am I going to use this level as a level of resistance well I'm in an uptrend so this level before the pullback started it's very likely to break if this uptrend continues so why would I look there for possible resistance why would I look there for a shorting opportunity to go short if this level is likely to break I wouldn't I would put a horizontal line here I would look above the resistance level the swing I before the start of the pullback I would go above that look left and find the next level of resistance price will inevitably hit if it continues higher this will be my level of resistance I look at as a major structure level on a daily time frame for possible trades the other qualification that must be met is that this level must have been tested not just once but at least two times it must have been a level tested multiple times and this is how I would look for counter Trend bearish levels of structure on my daily chart before dropping down to the four hour and looking for possible entries so this is the extremely specific way we look for major structure levels here at TTC and this is how I find the most optimal trading zones for this specific strategy alright so now let's take a look at a couple of examples of this entire strategy on some real charts so that I not only can show you what it looks like on real charts but also explain the entries and stops and targets I use for this strategy so we're on the Euro Aussie daily chart I'll go ahead and let you know this is actually a counter Trend trade but what do we see that's happened so far on this chart would you consider this a reversal I would and the reason is Price is Right Here obviously and what we've seen is price go from making higher lows and higher highs on a consistent basis to now making a lower high and a lower low would that be the case we have a reversal so if we were trading Trend continuation do you see a level that would qualify as a major structure level here on the daily chart hopefully you pointed out this level the reason is this is an area that is the most recent support broken by price and along with that it's been tested multiple times now as I said this is a counter Trend trade so that was just kind of review for our train continuation areas what about a counter Trend area so price is pushing lower our first step is to find the swing low and I'm going to put a horizontal line on that swing low so that when I look left I can tell the lowest point price has gotten to this level is not going to be a support level because in a downtrend it's likely to break but if we look below this level and look left we can see that there's a prominent level of support right here what's the next thing we need to do well we'll put a horizontal line there and we'll check to see if this level has been tested multiple times what do you see looking left this level has in fact been tested multiple times so the next step for me is to create a Zone here that makes sense I don't have exact rules for this Zone but this is something like that zone would look so this would be our Zone the major structure level Zone and the optimal Trading Zone that I'm looking for possible trades in on the four hour chart so the next step is to see when price actually makes it all the way into our Zone which is right here and at this point this is when I would drop down to a smaller time frame the four hour chart for this exact strategy so on the four hour chart our rules were that I'm looking for a confirmation and for this strategy and for the scope of this video the confirmation is going to be double bottoms and double tops so what we're waiting on on the four hour chart is a double bottom and this by trade here on the four hour chart let's take a look and see what price does price pushes around eventually pushing up pushing down pushing back up back down and there we go we have price creating at this point a double bottom and we almost actually have a triple bottom in this situation I'm gonna count it as a double bottom though as you can see price pushed lower creating our first bottom the neckline of the double bottom and the second Bottom now the rules for a double bottom for me are very simple I'm looking for price to create our first bottom which we will count right here pushing lower at this first bottom as soon as I see candles start pushing up from that first Bottom of My Double bottom I grab a box tool and I create a box between the lowest body and the lowest Wick of that candle so this gray ish box is what I call my termination Zone and again it goes from the body of the lowest low of the double bottom down to the wick of that lowest low of the double bottom what I need is candles to at least touch this area candles can go below it with a wick what I cannot see is a candle close below this area as long as those criteria are met I have a valid double bottom so that is our four hour confirmation and as I said we're also looking at four hour four hour actual entry reason so we're looking here for an entry reason or entry reason after the confirmation of a double bottom for me is going to be some type of Candlestick pattern for this case I actually use this engulfing bar that followed a long whip candle to the downside and this is a trade that I not only placed but also sent out to all the members of the TTC Forex University I'll put a screenshot of the email I sent them to the right hand side of the screen if you're interested in learning more about the TTC 4X University all you got to do is click the top Link in the description we'll go ahead and put a position tool on here though this is is exactly where I enter these trades after entering the trades here at this Zone I normally do one times the ATR indicator below the lowest Wick of the double bottom the ATR indicator is right up here you can find it by typing in ATR to essentially any trading platform and you can see at the moment it's about 44 Pips so what I'm going to do is go 44 Pips below the lowest low of this double bottom that would put me at roughly 107 Pips for the stop loss and I normally manage the position but if you are a brand new Trader that might be quite complicated or if you have some type of full-time job or another obligation you may not be able to manage your positions so when I'm unable to do that I actually go with a fixed Target of a 1.4 to 1 reward to risk ratio on these types of Trades when they're counter Trend so with that being the case to break this trade down yet again we saw our major structure level on the daily chart it was a counter Trend level we then waited for price to get into that zone that we pointed out on the daily we waited for confirmation the confirmation is what it's going to be that double bottom we then waited on an exact reason for entry and what would that be some type of Candlestick pattern my favorites are either to use a hammer candle or some type of engulfing or close above bar something that's showing that we have bullish momentum after the double bottom that's when I actually press the buy button my actual entry is after the Candlestick pattern the stop loss is one times the ATR indicator below the double bottom and if I'm using fixed targets I normally use a 1.4 to 1 reward to risk ratio and now let's check out how this trade played out we pushed down a bit and did consolidate getting a little bit close to our stop loss but not near enough to actually stop us out and then eventually price did in fact head up and go in our favor here on the Canada Swiss we have a train continuation opportunity that I want you to help me out with so what has happened so far so far price has done what we've come from a swing High pushed down to a swing low pushed up Consolidated a bit in this pullback and then eventually broke below our previous level of resistance so with this being the case where are we going to put a horizontal line to try to find our major structure level out here on the daily chart we're going to do so right at the previous level of support that was broken our next criteria is that this level must have been tested multiple times we're on the daily chart looking at the level we're going to scroll backwards and see do we get another test right here another major area of support where the cad Swiss used this area as a major level of structure so what we're going to do now is create a little zone of major structure here for Possible Trading opportunities I'll color this one red so we can tell that it's a resistance level and the next step is to wait for price to push back up into our zone so that's exactly what we would be doing here now what's happened well now price has gotten into our Zone The Next Step once that happens is that I'm going to be dropping down to the four hour chart to look for confirmation if confirmation on a bullish trade was a double bottom what do you think confirmation here is going to be on our four hour chart confirmation is going to look like a double top so at this point we're waiting for a double top here on the four hour chart let's see what we get as we get price pushing around we go a little bit above our Zone this would not be out of our Zone yet so we're still considering this inside of our major structure level now the rules for a double top for me are going to be that the highest top created before the start of the pullback I'm going to now take a box from the bodies to that highest point and this is what I consider a termination zone so I need price to at least touch this area but price cannot close above it price can close inside of it that's not a big deal but again the only thing I don't want to see is price closing above this box because that equals train continuation and that means we're likely to head higher so with that being the case let's see what happens with the cad Swiss As I push forward and a little more here what do we have are all the rules met for us to actually place an entry well we have our major level of structure on the daily chart pointed out we have our confirmation on the four hour chart being this double top what do we need next some type of Candlestick pattern like this big closed below red candle showing selling pressure after a double top so yes this would be where I would go ahead and place my entry after placing my entry what are my stops and targets well my stop is going to be one ATR which is 22 Pips so 22 Pips above the highest point of the double top which would be roughly a 42 pip stop loss in this case and as I said for a Target on fixed targets I like to look for about a 1.4 to 1. now again this is another trade that I placed in a lab account and also sent out to all of our members you can see that looking left right here let's go ahead and hit play to see if this trade worked out so as you can see there we actually did clip that 1.4 to 1 reward to risk ratio Target the last trade we're going to take a look at is a trade I'm in right now as we speak utilizing exactly what you've learned so far in this video to prove that I actually traded this with real money on a live account so with this pound dollar daily chart what are you seeing hopefully you said you're seeing an uptrend as prices are in fact making new higher highs here was our previous low what are the two levels I'm going to be looking at for Trend continuation trades well those two levels are right here at the previous resistance that was broken and also right here at the previous level of support now we didn't get anything from this previous level of resistance but since that's the case I started looking here for Possible Trading opportunities because on the daily chart this is not only our swing low before the impulsive move up but also has been what has been tested multiple times I was testing you there so it's been tested multiple times it's a valid major structure level so now I was just waiting for price to get into my zone and once price got into the Zone I actually just exit out of Market replay mode and go down to the four hour chart to show you what I was seeing after price got into our Zone it created what I think is probably the ugliest double bottom I've ever traded so right here what we have is price push lower created one bottom here pushed up to a neckline after some consolidation pushed back down and then we did in fact get a Candlestick pattern so the confirmation here is going to be this double bottom right here after the confirmation what am I looking for I'm looking for a Candlestick pattern that shows buying pressure that came with this big green candle here with the long Wick to the bottom side for me that counted as buying pressure and that's when I decided to go ahead and enter this trade currently pretty much break even on the straight I had no idea how it's going to play out but hopefully we'll see the pound dollar push up a bit and hit my targets so that's the full strategy but don't leave yet I'm gonna be showing you my daily levels of structure my major levels of structure own a daily chart that I'm looking in for possible trades throughout the next week or so and if you're someone that's a complete beginner we actually just created a brand new and completely free beginners course that you're welcome to sign up for you'll get access to it immediately and that's going to be linked in the description or you can go to the link that you see on the screen right now so if you're brand new to trading you're not ready to just go out and start trading a strategy right now you need to learn the basics learn a lot about risk management learn a lot about trading psychology and that beginner course will actually help you to do now what I want to do is take you through a few of the currency Pairs and major levels of structure I'm actually looking to trade in right now using this exact strategy you learned throughout this video so first off we have the dollar Swiss here on the daily chart and what I'm looking at here is a downtrend move pushing lower a new swing low followed by a new lower high followed by another new lower low at that point I'm looking back at what the previous level of structure support that was broken it also has been tested multiple times looking left now with that being the case what am I going to do if price gets into the Zone if price gets into the zone I'm dropping down to my four hour chart and I'm going to execute the strategy exactly how you learned I'll look for confirmation with a double top I'll look for a Candlestick pattern over here at the end of the double top and that'll be my entry stops above Target somewhere around a 1.4 to one reward to risk ratio again I manage my position so when I hit this 1.4 I don't just take my targets automatically I actually move my stop to break even and manage the position Edition as it continues lower but you may not be able to do that with a full-time job and also something else I want to point out is you could be as aggressive or conservative with this strategy as you'd like to be I just used one version of confirmation in order to make this video a little bit shorter but you could also use things like a Candlestick pattern with no double top confirmation in this case you may lose more trades but you also will get a lot more trading opportunities so it may prove to be more profitable or just as profitable and you'll get a higher frequency of Trades just something to think about and play around with but in the scope of this strategy we'll be waiting on this bear the dollar Swiss to come up between the area of 0.8907 and 0.8841 and give us some type of confirmation followed by an entry reason next up we have the Aussie Canada here on the Aussie Canada we have a counter Trend Zone price is pushing lower at the moment if we scroll back left though we have this area that sticks out like a sore thumb this area pushed the market around like a big kid on the playground we look left it's also been tested multiple times as well so with that being the case I'm waiting here on the daily chart for what to happen I'll be waiting for price to come down into my zone between 0.8 665 and 0.8609 if price does get in that area I'll be dropping down the four hour time frame looking for my confirmation being a double bottom and looking for a Candlestick pattern for entry stops below the zone or below the lowest low of the double bottom followed by a Target wherever you would like 1.4 to 1 is what I use for fixed targets next up we have the pound New Zealand here on the pound New Zealand we have a pair that has in fact broken above a previous level of structure resistance so this was an uptrend pushing up higher high higher low higher high high or low we have some consolidation in this pullback before we get a breakout of this little ascending wedge so would that be the case this green area is going to be our major level of structure and with that being the case what I'm going to be waiting on is price to pull back into this level between 2.0950 and 2.082 and in this areas where I'll be looking for confirmation and possible entry reasons next up I'm looking at the Euro New Zealand very similar here we have price that has just pushed above an ascending wedge that has made multiple resistance levels since this area has been tested so many times I counted as an otz optimal Trading Zone otherwise known as a major structure level and with that being the case I'm going to be waiting for price to pull back to that level in this area between 1.8081 and 1.7971 I'll be looking for possible confirmation and entries in this Zone next up we have the Euro Aussie here on the Euro Aussie we have price that is just broken above a major level of structure that's been tested multiple times with this being the case I'll be waiting for a pullback to this area and if you can't see the one two three move here let me back up here's our one two three move for a trending move this being the latest and most recent level of structure resistance broken then looking left and seeing that it has been tested multiple times is what gave us a valid major structure level a valid otz here in this area so if we get that pullback down to 1.6607 between that and the 1.6487 level I'll be looking for confirmation and entry in that zone and our last pair is gonna be the Euro Swiss here on the Euro Swiss we've moved away from the Zone since I pointed it out at the beginning of the week but this is very similar to the dollar Swiss we have price pushing lower creating a lower high after a lower low and then another lower low with that being the case we're looking at that previous level of support seeing if it's been tested multiple times which it has so if we get a push up in this pullback all the way to the area between 0.9719 and 0.9684 this will be the area I look for possible confirmation and entry from on the Euro Swiss now as I said earlier we just released a completely free beginner Forex course that'll teach you everything you need to know about the basics of trading how to become profitable it's going to teach you about all types of orders spreads margin trading the platform I use technical analysis go check it out it's completely free you'll learn about trading psychology you'll learn some of the strategies I use how to back test and again you'll learn about risk management and essentially you'll learn the process of building a full trading plan and again it's completely free you can go to the link on the screen or you can go to the description and click the link beside the beginner Forex course now if you're ready for some more advanced training we also have some space available in the TTC 4X University which includes our entire University style course which is going to teach you everything from the basics to the exact strategies I use on a daily basis the risk management and trading psychology tips and tricks that I've learned over the past decade of my own trading career my full discretionary trading strategy along with much much more including priority email support where I'll answer any of the questions that you have the email analysis you saw earlier in the videos also included in this so feel free to check that out it's gonna be the top Link in the description or go to www.ttcfxuniversity.com that's going to do it for today's video go ahead and hit that like button go and subscribe comment if you made it to the end and pray with me that the pound dollar continues higher so I can actually make some money on this trade I'll see you guys in the next one talk soon

Channel: The Trading Channel

Views: 255,454

Keywords: day trading, day trading strategies, day trading for beginners, day trading strategy, day trading cryptocurrency, day trading live, day trading crypto, day trading addict, day trading bitcoin, day trading stocks, day trading on webull, day trading setup, day trading dogecoin, how to day trade, day trade like a pro, day trading system, day trading profits, advanced day trading, trading strategy, swing trading strategy

Id: lRMFcsqhYBU

Length: 30min 18sec (1818 seconds)

Published: Wed Aug 16 2023