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Izy Trades
  • 1 year ago
Transcript
00:00Next up folks, we have the flags. First up we will have the bear flag. How does the bear flag work?
00:06It must form a bearish sentiment. You must be able to identify a bearish sentiment. Once that is formed
00:12there has to be a pullback. The pullback may not be in a form of a very strong marabusu pullback.
00:19It must be in a form where you can see a consistent flow of pullback in a parallel channel.
00:25So you got to pull out your parallel tool, mark that out and once you identify that channel
00:29you are able to identify that flag. The rule is it must break the flag. Once it breaks the flag
00:35then you can enter your cell. This is for a bearish flag. Let's take a look at the charts and see how it is done.
00:40Nice and easy. Easy tricks. Let's go.
00:46Same thing, same old, same old on Dow Jones or known as US 30. First up
00:52we have to identify a trend. A trend must happen first before we can identify the flag.
01:00So we're gonna let the market run and do its thing before we can confirm and identify that a trend has formed.
01:07Over here we can safely say that a downtrend is happening. Now following up we have to see a flag.
01:14So to identify that, yes a downtrend has happened. Yes a pullback is about to take place or already happening.
01:23So let's pull out our parallel tool and see if this takes place. We let the market run and see if it is moving
01:32with the channel. Indeed it is. All we have to do is for us to wait for a breakout from the channel.
01:39We can see that there is a breakout over there from the channel and it may go downwards.
01:47So let's wait and there we go. A confirmation has already been formed. It is away from the channel.
01:56So what we have to do now is to measure the pole again from the top of the trend to the bottom of the channel.
02:03And then you just gonna have to drag that pole all the way into the channel and that will give you an estimated area on where your TP can be.
02:15So pull out. Enter that cell. Put your TP over there. Stop loss. Current candle. Take the previous high. Top most week.
02:24This is about 1.5ish trade. High risk. There we go. Hit your TP. Then again you might ask if can we hold on to this.
02:35My advice is no. Don't hold on to it. Keep it nice. Keep it short because remember I'm like trying to have this mindset
02:44inside you guys that all we do is compound our revenue. Not to prove that our TA works.
02:51Because if you're in funded, that is your mindset. That is your discipline. Compound. Compound. Compound.
02:56And then you will reap the profits later on. That's all I have for bear flag. The next one will be the bull flag. Let's go!
03:03Nice and easy. Easy trades. Let's go!