How to Effectively Trade the Hourly Chart

Welcome to Class 3 of the Real Life Trading Intermediate Series! In this video, you will learn how to effectively trade the 1 hour chart, using and identfying candlestick patterns like the star patterns and tweezer pattens.
Also Jerremy Alexander Newsome covers risk mitigation, where to enter and where to place the stops and HOW to create a trading plan.
He mentions as well, a previous video he has made covering candlestick patterns as well. Feel free to find that here. • The Top 6 Best Candles...

Пікірлер: 82

  • @The-Glitch-
    @The-Glitch-6 жыл бұрын

    I put my like instantly when I heard zero sales pitch. Man, you are so down to earth and your gap trading videos really change the way I traded markets. Plus it also says, intraday isn’t a unicorn thing. Thousand cheers

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    shaphaba ch Thank you so very much!!

  • @chandanchatt
    @chandanchatt7 жыл бұрын

    Your Walk through analysis is best in the whole world... Love it.. :)

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    AHH! That is VERY kind of you to say. Thank you!! :-) You totally rock.

  • @JeffMooreTM
    @JeffMooreTM6 жыл бұрын

    You explained trading the hourly charts really well. I'll remember this for next time! Keep up the great videos...

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    THANK YOU!

  • @JeffMooreTM

    @JeffMooreTM

    6 жыл бұрын

    Your welcome!

  • @DerpOtron9k
    @DerpOtron9k6 жыл бұрын

    Really enjoying the videos, man. Thanks. I'm in it for the long haul!

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    HECK YES! Thank you for the kind comments. :-)

  • @lcvwj2949
    @lcvwj294910 ай бұрын

    Great teaching. Thanks again.

  • @RealLifeTrading

    @RealLifeTrading

    10 ай бұрын

    Glad it was helpful! Thanks for watching and commenting.

  • @walterharris1301
    @walterharris13014 жыл бұрын

    Thank for your training I need to learn this to feed myself so I can not worry about a job laying me off. 🙏🙏🙏👍👍👍

  • @RealLifeTrading

    @RealLifeTrading

    4 жыл бұрын

    BINGO!!!! It's all about FREEDOM

  • @sammsamuels
    @sammsamuels6 жыл бұрын

    One thing we can be sure of is that support and resistance aren't exact points in the chart, they're areas. Areas where price may or may not have a reaction to. Great Video by the way. As always!

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    YES!!! Thank you so much Samuel!! :-)

  • @Rosetrain
    @Rosetrain2 жыл бұрын

    Fantastic content. I really appreciate it.

  • @RealLifeTrading

    @RealLifeTrading

    2 жыл бұрын

    THANK YOU SCOTT!!!!

  • @thomas4580
    @thomas45804 жыл бұрын

    Great Lesson Man

  • @RealLifeTrading

    @RealLifeTrading

    4 жыл бұрын

    Thomas A.P. Thanks so much!

  • @Blackbelt1
    @Blackbelt12 жыл бұрын

    Thank you another great video.

  • @RealLifeTrading

    @RealLifeTrading

    Жыл бұрын

    :)

  • @socialdave99
    @socialdave997 жыл бұрын

    enriching, insightful, excellent on all points; totally awesome dude! Thank you. I gonna watch more and more........

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    skyhigh heck yeah! Thank you very much for those kind words, I really appreciate it. :) I will then look forward to your questions and your progress! =}

  • @socialdave99

    @socialdave99

    7 жыл бұрын

    What makes a better Support and Resistance: Trendlines, Price Levels, Pitchforks, or Moving Averages? Or does it depend on certain conditions at the time? I just buy Higher or Lower, not Spreads. I want to learn that soon. I use TOS for viewing instruments and, for now, I am focusing on EUR/USD exclusively.

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    DEPENDS! ;-) If it's in an unquestionable trend / direction, moving averages are really strong. Otherwise, price levels are usually THE Strongest. :-) In the case of EURUSD, it's been in a channel for almost 3 years. Therefore moving averages won't add any value. Price levels will be key www.tradingview.com/x/dZH6v5PR/

  • @socialdave99

    @socialdave99

    7 жыл бұрын

    Your reply is very helpful. This weekend I will go through the beginner trading on your website. I found your YT channel by seeing the title Insanely Simple Moving Average Strategy, and got a lot out of that video. Another question: how important are Round Price Numbers (1.1050, 1.1100), and Round Times (9:00, 9:30)?

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    I don't pay any attention to round price numbers or round times. :-) BUT - thank you for your kind words!! I appreciate it!!

  • @realloreal
    @realloreal7 жыл бұрын

    what a treat to start my new year....2017 I need to actually start my 1st trade..

  • @realloreal

    @realloreal

    7 жыл бұрын

    I'll ne watching all your video,,straight for the new year.

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    EXCELLENT! We're very excited and I am pumped to help you with that and celebrate your action taking! :)

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    Have you placed that first trade yet Lori?

  • @realloreal

    @realloreal

    7 жыл бұрын

    No i have not...

  • @cvorg5228

    @cvorg5228

    5 жыл бұрын

    Have u placed the trades yet?

  • @Naturesbeautyfloraandfauna
    @Naturesbeautyfloraandfauna3 жыл бұрын

    Why you stop making such type of videos . This teaching is excellent no one teaches like that .I am earning my livelihood .

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for commenting

  • @mauriciomoreno5818
    @mauriciomoreno58186 жыл бұрын

    Another great one Jerremy!! Thanks!!! Let me tell you, I´ve been looking a the markets a kind of studying Technical analisys for a couple of years. Finally this year i took the decision and put some real money on the line. I´ve been live trading 2 weeks, making each and every mistake you mention on your videos LOL!! I´ve got work very seriously on my patience and risk mitigation... Well, hoping to make some improvements ASAP. Thanks a lost for your help!!!! Abrazo!!! going right to video #4!!

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    Mauricio Moreno Excellent! I appreciate you watching these!! It’s been a blast reading your comments. Keep it up =} Excited To see your progress

  • @walterharris6311
    @walterharris63112 жыл бұрын

    Great video

  • @RealLifeTrading

    @RealLifeTrading

    Жыл бұрын

    :)

  • @Lunkyful
    @Lunkyful5 жыл бұрын

    I'm learning Forex and I love using hourly timeframe. 😁

  • @RealLifeTrading

    @RealLifeTrading

    5 жыл бұрын

    Lunkyful Yes!!!

  • @cnozby4b69
    @cnozby4b695 жыл бұрын

    Hay Jerremy great vid once again just one question You mentioned your entry on the star reversal but I don’t think you mentioned your entry on the tweezer bottoms/tops Hope you can help Regards Kurt

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for commenting

  • @luksimoens5903
    @luksimoens59037 жыл бұрын

    I am confused. In one of your earlier lessons you mentioned that 1R should not exceed 2% of your cash account value. Now let's assume it's 2% in your example on GE, that would mean your account is worth 10 000 $. However if you buy 384 shares at 31,43 $ you need 12 069,12 $. What am I overlooking here? Btw, love your way of teaching, full of love-life-energy. Keep up the good work, I appreciate it.

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    Luk Simoens Great question and thanks for the kind comment too. :-) Risk [your R] should realistically be between 1-2%. In a situation like this, one could either lower the R or increase the stop. AND or, use margin if it's available. Because even if your investment size is large, ones risk in this scenario would still be VERY close to $200 (2% of 10k). So investment size and risk size are 2 different things. :)

  • @leannenitheimhneain7517
    @leannenitheimhneain75176 жыл бұрын

    When Drawing out your support and resistance lines, do you recommend drawing them from the daily chart and then working the hourly chart, or just drawing them on the hourly chart in the most recent zones?

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    Hi Leanne Burke . Great question. Initially start with the daily chart. 3-5 Years showing and draw 3-5 lines max. Then zoom into your hourly with 3-5 months showing max. And then draw 2-3 lines in the hour =}

  • @leannenitheimhneain7517

    @leannenitheimhneain7517

    6 жыл бұрын

    perfect thank you :)

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    Leanne Burke my pleasure

  • @russroberts6825
    @russroberts68255 жыл бұрын

    Can one white soldier be used for multiple time frames, or best used for daily charts?

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for commenting

  • @killerbeest1
    @killerbeest17 жыл бұрын

    HAHA, GPRO did bounce off that 9.04 area. Is GPRO forming a "star reversal pattern" right now? and could you potentially buy on Monday when it breaks 9,42?

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    yourik van beek yep! :-) A great bounce. =] At Least a solid one to watch!!!

  • @bemack13
    @bemack136 жыл бұрын

    How would you scan fo these types of patterns on think or swim?

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    Use their scanner. :-) It's "okay" No real scanner picks up on patterns perfectly. They have A LOT of tutorial videos on their scanners/ platforms

  • @bemack13

    @bemack13

    6 жыл бұрын

    How do I know which scanner to choose from? For instance, how would I know how to scan for the tweezer tops?

  • @RealLifeTrading

    @RealLifeTrading

    6 жыл бұрын

    How to do you know which car to drive, who to marry, which house to live in and which restaurant to eat at? At some point, you've gotta pick and go with it. :) Find which one you LIKE the best, which one makes the most sense to you and understand the market rewards the specialist.

  • @omarcontreras8153
    @omarcontreras81536 жыл бұрын

    Vid done😄 👍

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for the comment

  • @martinshively6023
    @martinshively60235 жыл бұрын

    I see you like shaved bottoms... Personally, I like bottoms that do not require shaving.

  • @seiph80

    @seiph80

    4 жыл бұрын

    Same here

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    thanks

  • @jkreutzer7587
    @jkreutzer75875 жыл бұрын

    If there's anything to take from this video 53:10

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for commenting

  • @shyunjizki
    @shyunjizki5 жыл бұрын

    rapper hand

  • @RealLifeTrading

    @RealLifeTrading

    5 жыл бұрын

    To Be Honest ;)

  • @harishkr3257
    @harishkr32577 жыл бұрын

    I noticed u dont give much weight to VOlumes??

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    Harish kr The volume bars are at the bottom of my screen. I discuss volume in depth and often in my reviews and live classes / trade set ups. I agree! It is important:)

  • @harishkr3257

    @harishkr3257

    7 жыл бұрын

    Real Life Trading Thanx so much... watching ur videos.... they r awesome. Followed u on twitter to as @harrie007

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    My pleasure. I really appreciate the follow and the kind comments. YOU totally rock! =-)

  • @marciatowberman7800
    @marciatowberman78007 жыл бұрын

    If you work for the IRS, you should hide under your bed and pray NO ONE FINDS YOU!

  • @RealLifeTrading

    @RealLifeTrading

    9 ай бұрын

    Thanks for the comment

  • @georgetopping2069
    @georgetopping20694 жыл бұрын

    .... .... .... .... just skip to 4 1/2 min in.

  • @RealLifeTrading

    @RealLifeTrading

    4 жыл бұрын

    George Topping 🤣🤣😂😂😂👍🏻👍🏻

  • @007380
    @0073803 жыл бұрын

    Are you HIGH?

  • @RealLifeTrading

    @RealLifeTrading

    3 жыл бұрын

    The highest

  • @robbradley1337
    @robbradley13377 жыл бұрын

    You really should stop teaching like you are talking to kindergarteners. "Does 1 = 1?...anybody?......Yep! One does in fact equal one." That isn't helping anyone! If you could stop doing that one thing in every single video you make, you'd be fun to watch. I know you have knowledge up in that coconut, so I suffer through the elementary school teacher bit, to try to get at it. It's not easy.

  • @RealLifeTrading

    @RealLifeTrading

    7 жыл бұрын

    Rob Bradley Great feedback sir. Thanks for sharing :)

  • @asherrichards9661
    @asherrichards9661 Жыл бұрын

    Intro too annoying to watch content

  • @RealLifeTrading

    @RealLifeTrading

    Жыл бұрын

    Ok