Sunday Service / Playbook Webinar

About this video

• Video Title: Sunday Service / Playbook Webinar
• Channel: Tyler Goedtel
• Speakers: Tyler (the presenter)
• Duration: 1:48:10

Overview

This video is a webinar presented by Tyler, who explains his "Candle Range Theory" (CRT) trading model. He details how to apply it across various timeframes, emphasizing its effectiveness with tools like fair value gaps and balanced price ranges (BPRs). Tyler also discusses his trading psychology, preferred prop firms, and provides examples of successful trades on different assets like gold, Bitcoin, and UJ.

Key takeaways

• The core trading strategy discussed is Candle Range Theory (CRT), which involves identifying specific candle patterns to predict price movements.
• The CRT model can be applied to multiple timeframes, including 30-minute, 1-hour, 2-hour, and 4-hour charts, and is effective on assets like gold, silver, NASDAQ, ES, and UJ.
• A key indicator mentioned is the "Balance Price Range" (BPR) by Trade for OP, which serves as an added confluence to the CRT model.
• The presenter emphasizes the importance of a bullish candle close back within a range after sweeping a low, and inverting the fair value gap on the immediate following candle for entry.
• When looking for shorts, the strategy involves sweeping a high, closing bearish back into the range, and identifying overlapping bearish and bullish BPRs.
• The presenter advises traders to build their bias based on the 50 EMA and Bollinger Bands, looking for longs above the 50 EMA and shorts below it.
• He highlights that while the model is largely mechanical (85-90%), discretion can be applied based on extensive screen time and data analysis.
• The importance of using prop firms, especially for traders in the US, is discussed due to leverage and regulatory differences, with a preference for firms offering balanced-based drawdown.