Summary of كورس ميدو الدرس السابع
Summary of "كورس ميدو الدرس السابع"
This video is the seventh lesson in the Mido trading course, focusing primarily on the concept of "chasing the price" in financial markets. The instructor, Mido, emphasizes understanding and drawing trend lines, recognizing market patterns such as equal peaks and bottoms, and selecting the right trading pairs. The lesson aims to teach systematic price analysis and practical trading decision-making.
Main Ideas and Concepts
- Chasing the Price and trend lines
- Importance of identifying trend lines (upward and downward) to understand market direction.
- How to draw trend lines from key points like the end of a decline or reversal candles.
- Using trend lines to chase the price movement and anticipate market behavior.
- Recognition of equal peaks and equal bottoms as critical markers for trend analysis.
- The market is mostly trending (75% of the time), so catching the trend is essential.
- price channels can be created by drawing parallel trend lines to better capture price movement.
- Price Patterns and candlestick signals
- Identification of reversal candles, such as Doji candles, which indicate potential price flips.
- Observing how price respects trend lines and bounces off them.
- Use of "nerve endings" (support/resistance points) and their role in price behavior.
- Recognizing momentum and price rebounds from key levels.
- Methodology for Drawing and Using trend lines
- Start drawing from the end of a decline or a significant reversal point.
- Connect peaks or bottoms to form trend lines and channels.
- Monitor how price interacts with these lines to decide entry and exit points.
- Practice drawing trend lines both retrospectively (from past data) and prospectively (predicting future movements).
- Pay attention to equal tops and bottoms for better accuracy.
- Choosing the Right Trading Pair
- Importance of selecting pairs with stable and realistic price movements.
- Avoid pairs with abnormal candle sizes or erratic price behavior.
- Look at the "percentage" or volume of real market participants trading the pair (ideally 75%-90%).
- Observe candle impulses: large, repeated candles indicate instability and should be avoided.
- Use nerve endings and support/resistance areas to confirm pair strength and price respect.
- Avoid pairs with excessive volatility or unnatural movements.
- Practical Advice and Encouragement
- Mido stresses the importance of detailed observation and patience.
- Encourages students to practice drawing trend lines and catching price movements.
- Calls for more interaction and engagement from the audience.
- Emphasizes that success requires persistence and learning, not luck.
- Announces upcoming lessons on rectangles and nerve endings, combining technical analysis tools.
Detailed Methodology / Instructions
- Drawing trend lines:
- Identify the end of a decline or a reversal candle.
- Mark the first point at a significant low or high.
- Connect subsequent higher lows (in an uptrend) or lower highs (in a downtrend).
- Draw a parallel line to create a price channel.
- Watch how price interacts with these lines; bounces indicate respect and strength.
- Identifying Equal Peaks and Bottoms:
- Look for price points where the highs or lows are approximately equal.
- Use these points to confirm trend strength or potential reversals.
- Selecting Trading Pairs:
- Check the percentage of real market activity (preferably above 75%).
- Avoid pairs with large, erratic candle sizes repeatedly appearing.
- Confirm the presence of strong support and resistance (nerve endings).
- Avoid pairs with unnatural or irregular price behavior.
- Trading Decisions:
- Enter trades when price respects trend lines and nerve endings.
- Exit trades at confirmed resistance/support or when trend lines break.
- Use candlestick signals (e.g., Doji, reversal candles) to time entries and exits.
Speakers / Sources
- Mido: The sole instructor and speaker throughout the video, delivering the lesson, explanations, and encouragement.
This lesson is a technical analysis tutorial focusing on mastering trend lines, price patterns, and pair selection to improve trading accuracy and profitability.
Category
Educational