[FX Video] Learn Chart Analysis Techniques Using OANDA Order Book from the Crab Trader, Vol. 2
This is the second part of the series where we learn chart analysis using OANDA's MT4 indicator Order Book, from the YouTube live-streamed trading videos featuring the extremely popular crab trader.
Because it uses real-time commentary with charts that are actually moving, it makes understanding the dynamics of the market very easy.
In this video, we discuss a somewhat challenging pattern where it is hard to tell whether the recent move is more likely to go up or down, but buying on dips seems reasonable if you decide to trade. (Coverage: FX攻略.com Editorial Department, Takeshi Shikauchi)
What you can learn from this video
In this video, you will learn the following:
- The first thing to look at is “top-right and bottom-left”
- Prioritize watching the stop-loss order level over the limit order
- The direction that is likely to move immediately afterward, and the direction that is likely a little later
- How to determine target values for both the rise and the fall
● Video: 6 minutes 32 seconds
Crab Trader Profile
Started YouTube Live on January 15, 2018. Streams all of his own trades live from noon to late night for 12 hours. Under the themes “Make money, in front of your eyes” and “Make money, you too, in front of your eyes,” he makes all limit orders, stop-loss orders, and entries public daily.
YouTube channel:fx Crab Trader KazuYoung
A word from the editor in charge, Shikauchi
For those who admire the Crab Trader and want to trade with the Order Book, this video is very informative.
Observing the placement of stop-loss orders and judging which direction is more likely to move next forms a crucial part of the Crab Method base.
How to view FX technique videos
The portion that readers who purchased this article can view (at the bottom of this article) embeds the FX technique video. Click the play button to start the video.
