I'm gonna show you how to trade with less stress, less time, and be more profitable. Now, most of us, in our everyday lives, or the mindset that says that the more hours, that you work the more money that you should be getting paid. And it's this mindset that many take into the financial markets that ultimately results in a whole lot of stress, and some cases a complete destruction of the trading account. Resulting you in giving up the trading dream. But successful trading doesn't have to look like this. In fact, I would go as far as to say that once you know what to do and what to look for, the less time that you spend at the trading screens, the more profitable that you're likely to be. Now, let's face it most of you out there have day jobs got families you've got other daily commitments that prevent you from sitting at the screens throughout the trading day.
So, generally what happens is in such cases is that when you do have a spare a few hours, you log on to your broker platforms and you try to outwit the markets to make a profit. Now this is extremely difficult if not impossible to do on a consistent basis and often does result indeed in those losses. So in this week's video, I want to share with you a high probability day trading strategy that will be less less stressful, less time consuming and if used correctly, will be considerably more profitable. Now very briefly put is an end of day trading strategy based on simple price action at key levels of support and resistance. Now once you know what you're looking for this strategy will take you less than 10 minutes a day to analyze.
That's right! Just 10 minutes, that's less stress and chances are way way more profitable. Now once I've walked through the nuts and bolts on the whiteboard which I'll do in a minute. I encourage you to download the link below where you can register to get the training videos behind this powerful strategy. That's not all! You'll also be able to access a free tool that we've made available where we all will help you find these potential setups at a glance.
And all you need to do then is go to the price chart to see if the rules apply it. Okay, let's have a quick look at the whiteboard to get to the nuts and bolts. So as we said, this is an end-of-day strategy. And what we're doing we're looking for some simple price action setups that are found at key levels of support and resistance. Now when we get on to the charts in a moment and of course when you download the videos, everything will become a lot clearer. But I just want to explain to you exactly what we'll be looking for. First of all, we're looking for this type of setup.
Now this is a bullish engulfing. Now you know from your candlestick analysis that a candlestick shows us quite a lot of information. Here, you can see the market opens here. Close is lower because it's a red candle with wicks either side this is a bearish candle the market is moving down. But what's important about this cattle is that the next candle fully engulfs the previous candle. That's why it isn't engulfing candle. The next candle is blue that basically means it was a British candle this is a bullish engulfer. Bullish ingulfer at key levels of support can be very very high probability turning points. Now if you look at the Belgian engulfer exactly the same but the opposite. Here you've got a bullish candle market opens here closes up here is a bullish candle because it's blue. The next candle fully engulfed that candle on the way down. This is a bearish candle fully engulfing the previous range of this of that candle. This is a bearish engulfing candle. Now when this happens at key levels of resistance this can signify a really strong probability turning point for the market to head back down.
Now here we have a bearish pin bar and a bullish pin bar. Bearish pinbar quite simple to follow market opens here then trade all the way back up. So there's big strong buying momentum taking this market back up to these highs within the sellers take control and push the market back down and we close back down here. This is quite a bearish panel seeing these at levels of resistance can indicate a strong turning point for the market ahead back down again.
Again, here this is the bullish engulfer same type of thing. Market opens here, trades down, sellers take control and then the buyers come back into the market and push the market right back up again to close up here. This is a bullish candle the Bulls took control of that time period. When you see these at key levels of support this can be a good indication that the trend may be turning in the opposite direction back on itself. Now let's look at the other chart to see exactly where these form on the charts to give you a bit of an indication of exactly what they mean. Okay, so here you can see we are in a down trendy market. Couple of red candles coming in here. We hit a level of support indicated by this dotted line here. Market trades through the support with this red candle then the next candle fully engulfed that candle but closes higher than that support level. And of course that would indicate a possible trend direction change for the market to head back up again.
So anything happens we get into a level of resistance. We break resistance the next candle fully engulfs the previous candle and trades lower than that resistance level. This is a good indication that this market will be trending back in the direction from which it came a reversal. And then we have the pin bar. Now this is the bullish pin bar market. Tt's trending lower market trades lower again and then hits into this level of support indicated by the dotted line. But then the buyers take control push the market back up again and we close above that level of support to take us higher. Same in the pin bar at the top here the bearish pinbar hit into a level of resistance markets taken higher by the buyers, sellers take control and we close lower than that level of support. Now this ability that's quite a few little rules that we add on to it . So tell you what switch setups you should be taking which ones you should be avoiding where to place your entries and where to place your stops of course.
And all that is explained to you when you download the videos which you can do from the bottom of this video the link is below here. I'll get back onto the screens now and I'll show you this on a real chart so might become just a little bit of that clearer. Okay, so here we are now on a current chart of the Australian dollar against the Japanese yen. This is looking back in history now. So we're looking back in time to see if any of these price formations would throwing up any opportunities in the past. The real-time chart you can see the price ticking away down there in the bottom right. Straight off the bat I can see here that this move here from the downside. This downtrend here comes into this level of support and puts in this nice-looking pin bar here. Now this pin bar is a little of support following our rules we'd have taken that trade nicely higher as well giving us a few pips to the outside. This moves up nicely up to the next level of resistance where we put in this bearish engulfing pattern.
Remember from the whiteboard this is a high probability turning point at levels of resistance and indeed that worked out very nicely there as well. Not a lot showing in here. I don't think a bit of consolidation there then we move back down. Almost put in a bullish engulfing they're not quite don't quite engulf but that would have been a nice little powerful a turning point had it been a fooling golfer but not to be. Oh here we go! There's a nice little pattern there a couple of pin bars coming into that level of resistance. That would be an opportunity for us as well. You have been able to take a good four hundred pips out of that one as well. So this is looking back in history.
Of course , these ones worked in the past.Not all of them do work but you can see these are high probability turning points in a market. And you don't need to be spending countless minutes in the day or hours of the day looking at the charts for these setups. Okay, this tragedy really is perfect for those that have the busy lifestyles but also want to make an additional income from trading the markets, for yourselves or indeed the family. Those very basic overview. So what you need to do now is click the link below to gain access to all the training videos and we go through the strategy in much much more detail looking at some back testing as well.
Then you're going to be well-equipped with all you need to know to finally put a stop to bleeding money from your trading accounts and become a profitable trader. As always, if you like my video give me a thumbs up. If you didn't give me a thumbs down. Don't forget to leave a comment. Subscribe to the channel and Instagram if you haven't already done so. Till the next video, thanks and happy trading! .
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