3 Step Price Action Strategy: High Win Rate

3 Step Price Action Strategy: High Win Rate

Summary

In this conversation, Casey Stubbs teaches a three-step strategy on how to use candlestick patterns and price action in trading. The strategy involves finding the trend, identifying key levels, and looking for a specific candlestick pattern called the engulfing candle. Casey emphasizes the importance of trading in the direction of the trend and provides examples to illustrate the strategy. He also advises traders to stick with a strategy that works for them and not jump from strategy to strategy.

Takeaways

The three-step strategy involves finding the trend, identifying key levels, and looking for engulfing candlestick patterns.
Trading in the direction of the trend increases the probability of success.
Engulfing candlestick patterns indicate a potential reversal in price.
It is important to stick with a strategy that works for you and not constantly switch strategies.

Chapters

00:00 Introduction and Overview
00:30 Step 1: Find the Trend
01:30 Step 2: Identify Levels
03:07 Step 3: Find Candlestick Pattern
05:06 Engulfing Candle Pattern
08:09 Trading Against the Trend
10:10 Review of the Strategy
11:01 Conclusion

[aravindtiwari]

Great content. Keep up the good work. 👍💯

[justinnelson]

Great info

Do you tend to feel more comfortable looking for & trading uptrends, down trends or does it matter in your eyes since you’ll be trading options?

[peerlyt]

Sometimes you explain something on the screen that is not fully visible to us. If you know what you mean that's not a problem, but for me it does matter. Otherwise a good story.