YouTube tutorial by Alan Solarsh advising novice forex traders to begin on the 4-hour time frame, then progress to 1-hour and shorter frames (30/15 minutes) for scalping. He describes swing trading on 4H candles, briefly mentions a Doji+8 EMA strategy applied across time frames, and concludes with a subscriber Bitcoin giveaway (0.005 BTC) requiring specific YouTube actions.
Alan Solar, the passive income guru in this video tutorial explains to you the time frames and what time frames you should be trading on.
Right. So as a novice trader, I highly recommend that you trade on the four hour time frame to begin with. Now the reason you trade on a four hour time frame is because time is very much slowed down for you and it allows you to analyze, make decisions and get au fait with the rules. And when you're au fait with the rules, then you can start going down to smaller time frames, lower time frames like a one hour time frame and a 30 minute or a 15 minute time frame where you can start sculpting the market and make between 100 and 200 pips per day. I like to.
You can do two different strategies. The four hour time frame allows you to do swing trading, which is long term trading, which allows you to stay in the trend for let's say a day, could be a couple of hours and it could be up to two weeks depending on how the currency behaves. So let's have a look at a chart and you can see here, this is a one hour time frame. So when you, when you click your finger onto the screen you'll see that you'll get options on the left hand side or if your phone is upright and you click on the top of the screen.
Let's do that again, sorry. In the top of the screen there's an H1. You click on the H1. Here are your different time frames. But I'm looking at my, at my screen sideways so that we can actually see what's going on. So let's change the time frame to a four hour time frame. It'll just give you a better idea of what's going on. And you can see that if you run a four hour time frame. So this is a four hour time frame. And what this means is that each candle indicates a four hour time frame. So this is four hours. The next candle is, let's just enlarge it. So that's four hours. This is four hours. This is four hours. And this is four hours. Okay, so if you actually have a look at this trend that goes on for from 28 December and down to about the 2nd of 2 January, you would have stayed in this trend for about a week, which is absolutely fabulous. Now if you want to scalp the market and do short little trades of about between 5 to 15 or 20 pips, you can do that on a 15 to 20 minute, sorry, 15 or 30 minute time frame. The strategy of the Doji and the 8 exponential moving average works exactly the same. But to start, I highly recommend that you start on a four hour time frame only. Once you are experienced with that time frame, then you can move over to the one hour time frame. You will have exactly the same experience with the doji and the 8 exponential moving average. So the next video is understanding how the other moving averages, how you can use the other moving averages to your advantage, and why the price.
Reacts and how the price reacts with those different moving averages. You're going to love the next video.
Before you go, if you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel and how you do is you just mouse over the video that you're watching and in the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. Now if you're not already logged into your Gmail account, then you'd need to log into your Gmail account. Now, below the video that you're watching on YouTube there is a subscribe button. So what you do is you click on that subscribe button and then next to the subscribe button is a bell icon. You can click on the bell I please pause the video, go and do those steps. Now, once done, you can come back to this video and resume the video. The next thing that you do is you need to give a thumbs up. And then in the comments section, which.
Is over here, you can leave a.
Positive comment together with your Bitcoin wallet address. Now you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need.
To give a thumbs up and subscribe.
And you need to leave a positive comment with your bitcoin wallet address.
Only then are you entered into the.
Competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I highly recommend that you follow those steps and then you'll be eligible to win that prize. So good luck and I hope you win that prize.
And if you do, remember to invest.
It in a passive income stream and I'll see you on the next video.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
