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What’s going on, guys? So, I am going to go over uh Sean’s setup and kind of explain it to you guys. Before I do, we trade live every day, 10:30 to noon, 2:00 p.m. to 4:30. If you want to support the stream, use coupon code Cove Trader. It works at all the prop firms. So, we had a special guest on this week, Sean C from the chat. Uh, and this was his setup. And I know there were some people asking questions,
So I figured I’d go over this Trading View setup, um, and kind of give you my insight on it and basically how uh, how I think he trades it or how I got from him talking about it and explaining it to me that he’s uses multiple areas here. I’m going to go over all the indicators. So, basically, he has the ALGO three bar reversal pattern. Uh, I’m not sure if I I might have added the order block breaker block in there.
I am not 100% sure. Uh, then he uses the JT the J Dog TDI with shark fins. He has uh I think he got rid of this now. He no longer uses the fatty indicator. And then down here he uses uh the hyenashi RSI oscillator and then he enables in the settings he enables the stochcastics which is this ribbon that you see. So he’s kind of looking for the perfect setup would probably be something like this right here. You get a
Three bar reversal. The shark fin which they call it is when it turns red and it comes back through to green. Hikenashi turns green and stochcastics are low already and now start to turn up. So this is the ultimate setup for him. Now on the back side of that, the short that he’s looking for is right here. You got a three bar setup on the one. Shark fin is sticking out of this Ballinger band and turns red. Stochastics are overbought. So
They’re all the way up here already. And now they start to turn down. And then hikens turn red. So, those are two like what he looks for uh the perfect setup. Obviously, I’ve seen Shawn trade other times that maybe don’t um have every little piece of it. Um maybe he likes, you know, that we’re wicking up here and kind of takes a short because stochastics are up and you get the shark fin. But the ultimate for him is for each layer
To happen at the same time and that’s how he gets in for both long and short. Um, you know, the biggest thing is you got to obviously wait, you know, you got to wait till everything matches. You get a three bar here. The fin is not sticking out here. We’re not really up high in stochastics. You know, that’s not an A+ setup. Does it work? Yes. Could you have taken it? Maybe haikenashi’s uh go red, you get a three bar, you
Know, maybe maybe he scalps this to the downside for a couple points. But these two examples are really what he looks for. And that’s pretty much it. Um, you know, it kind of keeps you out of bad trades because you got a three bar setup to the downside. Shark fin is not out. Stochastics are already down. you’re not taking that trade and sure enough it ends up going up anyways. So certain things to just look at that kind of keep you
Out of doing stuff you shouldn’t be doing. You know, three bar to the upside, but if you look, stochastics are kind of up already. Um, you know, it’s not it’s not the A+ setup. So, if you got questions about this setup, come in the Discord and ask Sean. The link is in the description of this video. I’m sure he’ll help you out if you have questions. Uh, come on the live stream, you could ask me. Uh, other than that, uh, I
Hope that if you use this, it works. I kind of like it. I normally don’t like other people’s setups, but I liked it enough that I’ve left it up on a tab I have. Um, I’m gonna actually back test it on maybe maybe I’m going to look at what the five looks like. The problem with the five is the odds of you getting everything with the five are probably almost not going to happen. You know, you get the shark fin. Like
You have everything right here on the five. The shark fin stochcastics are way down. Hikings turn green, but you don’t have the three bar. But I will say that three out of four might be what you look for on the five minute chart. It’s one of those things that you’re going to have to test out. And I might take a little look at it as well and see what the deal is. I only say trade this between, you know, maybe 9:45
And uh 4:00. I wouldn’t be trading this strategy uh pre-market or anything like that. But if you have questions, like I said, Discord or live stream or comment on the
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