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DISCLAIMER:
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What's going on, guys, welcome back to the channel. Appreciate you guys. Tune in happy almost. Thanksgiving We're gonna do sort of a small account. uh, challenge recap video along with markets. Looking forward it's going to be a long, detailed video. Um, but for those of you that want something quicker to stick around for like the first five, ten minutes, and um, you know you'll pretty much get the gist of a lot of the things. But for those of you that really want to dive into it with me, I'm going to do that whole process with you guys. Um, and uh, let's just move on. So pretty much first trade of the day: Five contracts Market squeezes up I sell four of them I got filled at a dollar eleven I Did not sell here prematurely. No, the candle spiked and I was fiddling around trying to decrease from five to four contracts I wasn't really already prepared for that. even I should have been. So this candle spikes up and the time it takes me to kind of dick around, get to the right screen, move this from five to four candle drops to like a dollar Eleven I'm like whatever Good move. take some uh then I hold one contract for a runner which worked really well. Um, and I shouldn't even really have sold this and I'll talk about that in a bit because you can see I add another one. he'll sell that pop, add a dip here and sell that top. So I'm pretty much going to show you the tactics I was using to buy this dip. um to to Really I shouldn't have sold this one contract for a loss I should have just added in and averaged in this bottom and sold that top and along with this one, people are gonna go. Oh, you shouldn't average down, but it's like I'll show you why you should have averaged down. Um, anyways, we'll get into all that. So for those of you that want to stick around for just the first 5-10 minutes, pretty much the account today is at like 8 39. could have been a little higher, doesn't really matter, but 839 a couple trades in a day, majority of them all wins. Um, we'll walk through why I took the trades, how we're looking, all this and so on so forth. So first thing I'm going to do is I'm going to bring up this screen here. This is trading. View Okay, everything you see on my chart, all of these lines. it's a lot to look at. I'm not saying you should look at all of this, but for those of you that want to kind of dive into the reasoning of adding all these at specific times and seeing how they could or could not help you, um, you can stick around for that, but at the meat and potatoes of it, I'll just give you the basics because at the end of the day what? I'm following is the basics, but in between the basics, there are also some other finite detailed things you can look at for some extra Edge But in no means am I saying you should do all of this. What I'm saying you should do is this which First, let me just remove all the indicators. So I'm not saying you should do all this, but if you want to stick around for the rest of video, I'll teach all that too, right? But for now, we're just going to look at this and this is just a regular view app that I'm going to take off for right now. Okay, so this is what I'm saying you should do Okay, and then everything you all saw on my screen is what you can do if you'd like. All right. So what I'm pretty much saying is use an open high, low, closed chart on a 30 minute time frame and when the blue SMA goes below the red, that's bearish. and when the blue SMA goes over the red, that's bullish, right? So objectively, this is when you were trading bearish. So this was a bullish move from CPI. Then we got a bearish signal. You'd be treating bearish from here until this day when you get a Buy Signal right? So you'd be bearish from here down. and even on these tops. until this day when you get a bullish cross. Okay, so this is a bearer signal bullet signal right down. Mark it up. Okay, so what I'm saying you should do is ultimately add this little SMA system to your bag of tricks. Okay, and then if you want to get more detailed from that as if the 10 going over the 50 isn't enough confirmation for you, or you want something that's slightly more detailed, etc etc, you can go ahead and do this which is add a anchored V-wap to the 10 and the 50 SMA break that leads to a cross. So what would that look like that would look like me taking an anchor V web tool which you can find on trading View And you can also find one pin for thinkorswim at the top of my Twitter page brt targets. Okay, so we're going to Anchor a V-wap to this 10 SMA break so we have one. So there's a couple ways to do this, but ultimately just you could just repeat this process. but pretty much like right there and I'm going to Anchor an answer to the high I'm going to Anchor to the low when it's uh, when you're coming from, uh, when it's a bullish move, you anchor on the lows. When it's a bearish move, you anchor on the high so this is going to be like down right about there. Okay, so we have that anchor V web all right. So that's our dip by level one of them. We also have the 50 SMA break in here which is like Priced Right Um, let's see right about. excuse me, It's like right there which is higher than So Yes, we're going to Anchor our next one which already did this like last night. It's like right about there at the time that's actually slightly wrong because it's tagged on the high right there. Pretty much right about there. Okay, that's good. Good enough. All right. So when you get the bullish cross, these are your um, these are your anchor View apps going up. So these are going to be our dip buy levels. Our sort of hard line momentum dip by levels. Okay, so once you get the bullish cross, you would look for dip buys into these levels to be long. Okay, so we get one here. We don't get any more until today which is right there. Okay, if you guys follow my Twitter page. I Pretty much said we were having a bounce here and then pretty much gave you the runs all the way out. It doesn't matter, but anyways, that's about as simple as I can make it for you right there. Okay, so for those of you who want a 5-10 minute video, there you go. you get a bullish cross, buy into the purple lines until it doesn't work when you bind to the purple lines Target previous highs or previous demands. Okay, so if you bought this, dip off the purple and then you sold here and you watch this whole move go without you like oh well. if you stick around for the rest of the video, I can show you how to get in on these little dips along the way even when you're not correcting to the bigger levels. Okay, but if you want the 5-10 minute video then here it is. okay. Bullish, Cross buy into your anchor V whaps from your 10 and your 50 SMA break and just trade up to recent demands and close your position and then just wait for a new dip to this level or you stick around for the rest of the video and figure out how to get more trades in between the bigger trades. Okay, so this is a big entry. This is a big entry so this is where I would take on more size or I'd be more confident or put on a bigger position because the risk to reward is significantly higher okay versus something like in here. I would be taking less size on these dips because the risk reward is not as good. Because we're all the way up here, we're not on statistical or sorry, we're not on strong support. Trend Support Okay, so 10 SMA 50 SMA Anchor View Apps are your low risk heavier dip by spot that provides greater risk reward. Stick around for the rest of video. I'll teach you how to kind of get in on some of these smaller dips if you would like using V webs and those are going to be your um, less reward slightly higher risk trades, but as long as you're just not like yoloing a bunch of money on them, then it's going to be fine. Just trade with something that's like five percent of your account and you'll have no emotion. You'll buy into these dips and then as it pops up to demand you just close it and you repeat that process until that doesn't work and then the Market's probably correcting to your bigger Trend. So just chill out and then when you get down here, re-add and then this way up you have those five percent account trades if you want. Okay, so um, so for those of you that want to stick for the 5-10 minutes there you go. Now we're going to dive into sort of the nitty-gritty of it. All right? So when we get the bullish crossed, then we anchor these V-waps These are our main anchor V-waps And then from each one of these V-wap bounces, we have another V web. Okay, because again, if these are really important levels to buy off of, then the volume that's buying this is really important and then the trend that comes off of that is also important. So what we're going to do now is we are going to Anchor a V-wap two Sorry, just getting there. Um, to do it simply. if you just want to be really simple about it, you can just anchor a V-wap to the point where the price touches a view app so we could just do that right. and that's going to give you a pretty decent like V-wap Trend off this view app to trade into As you can kind of see here, we get close, we tag it, we tag it, we go. If you want to get a little more accurate, you're going to go to sort of the split demand point off of this move which arguably is right there and then this retest candle. So something like that is probably what I would do. Um, you know and that would give me this bounce. This bounce, this bouncing. Okay, so on so forth. all right. So the other day which was yesterday when we got this dip and the market ripped up right? so this would be trading into my main V web ad Long on bigger position, bigger size risk reward is higher Market pushes up into previous demands highs, you just close because the Market's always going to pull back generally. and then my next ad point would be this purple line here. it wouldn't be this one because we just traded off that one. Okay, so I would first look to see well if this trend was strong, we bounced this and we run up. Okay, where would be the next entry spot for me and it's going to be the volume weighted average price of this Market participation off this view app which will be here. Okay, so you'd enter along here and as it pushes up, you sell into demand. Okay, and then as it slings back down, you can take another one and sells it gets in advance it comes back down. You could take another one and you're selling demand somewhere. Okay, and so ultimately this becomes our new intraday volume weighted average price price trend and the market won't really see anything bearish unless it takes that one out so you kind of go over and the market ends up pushing up. Okay, now if you want to get a little bit more detailed, you could do something like this, right? So this here was a test of the V web so we could take the same logic we did here and we could apply it here. but the more you do that, the less reliable they come Because these ones down here are the main major V-waps This one here would be the V-wap of the major V web. This V-wap would be a V-wap of a minor V web which would be create a less valuable V-wap right? But you could. If you wanted to do something like this, take the split demand of this view app and run it up. You will see that that's where we bounce and then as we shake under and fail, where's it? Go Right back to the previous V web. Okay, so you could keep doing it, but the more you do it? the less reliable it's going to come because you're getting very finite. but that's okay. I mean you can learn from doing that too if you would like. Okay, but you could have scalped that and made a win right? Same concept applies. The same logic applies right from the Major View app. your long sell into demands Minor View app, your long sell into previous demands Minor Minerv you're long and you sell into previous demand. So if you follow that logic, you would know that here the range from the V-wap to demand would only be from here to here. So though you may or may not want to trade that, the logic and the concept applies the same way. From when you first start dip bigger risk reward our lower risk rewards are that into demand, hit V-wap buy up, sell into demand. minor V Web Minor Miner V Web dip in the V-wap into sell into demand. Same concept applies. Okay, right? So once we break right? So now once we break this V web I mean arguably we could keep it on because you can see people are trading bearishly off it once you get over blah blah blah right? And then we could do the same logic. Here we hit the Minor View app. We could add another minor mine review app. We could go like this. Okay, and then where do you see the market? Try to hold initially this V-wap and then what happens through it snap back to this: V Web So again, like I said The more of them that you add the more kind of false and little intricate moves you're gonna get. but remember at the meat and potatoes of it our main V-waps that we're watching indefinitely. For the main Trend that we're working on are this one and this one. where do we correct today for a major move up Now remember main V Web: Lower risk, higher reward long Target Previous demands: Major V Web: You're long. What are you doing targeting major demands their supplies Sorry yeah I keep saying it wrong Yeah Demand Supply blah blah blah blah. You get the point. All right. Then in between there you have, um, different V Web Trends you can work off of Okay, now we're going to take a step back. All right. and now what I'm going to do is I am going to add an upper band to this V web. Now this is something that works. Um, but remember the main V web Trend are the purples. If the market has a lot of momentum, it will then try to trade and use the upper distribution of this move as support which I will show you now. So if I take this view app, go to settings and then I add the upper band. Okay, you will see that going into and sorry that's not done well. I'm going to add both of them right? So let me just add both upper bands. um on this one too. Okay, so you will see that if in the event, right this the trend is really strong. We will generally trade support off the upper bands until the upper bands break. Then we will then go to our main V web support So for immediate momentum. This morning in the Futures Market they decided to hold the upper distribution of the bullish Trend okay, which is here and you can see we explode out, we rip up and then ultimately we fly over. We crashed through the upper distribution band. We then use that as a bearish, lower high scenario to jam us down to a stronger, lower risk, higher reward dip. Buy that then ramps back up for high days into the Fomc minutes. Okay, so um, moving into today, right? So why did I get long where I got long? So pretty much what I did was I Looked at the market and said we had a bullish signal. On this day, the market rallied pretty strong. I Would like Dips Down into the Purples, but if the market chooses to maintain the upper distribution of the bullish Trend then I will look for immediate momentum plays off this upper distribution. So the Market opens and we squeeze up and we rally pretty strong off the upper distribution. So in my mind I already told myself, these are now the dip supports. Okay, because we've held the upper distribution. So until this fails I Don't expect we see purples. So now what I'm going to do since we held the upper distribution I'm going to V-wap the upper distribution v-wap since this is where the Traders and the volume decide to hold the market I Want to figure out what the volume weighted trend is of this upper distribution V web hold. So the same logic that we used just a second ago, right? This is where we kind of break it split demand spot. So I'm going to take off this upper one for now for the time being. Okay and just use this guy. All right. So this is going to become my main immediate V web continuation level to trade long off of. So if we were to go and look at my trades here, um, maybe I can like shrink this down and like move them side by side really quickly. Something like this? Okay, um yeah, it might work better if I moved on the other side. but anyways, whatever. Flip flop right? So um, ultimately this is the dip in the V-wap I'm watching. Okay, you can see where my first trades are at on the day for contracts which is the same thing as spy. So you can see the market is dipping into my purple V web which is a V Web of the V web and you can see where my Dip ads are right. And then we Spike up this complaining excuses don't get filled on top. Yeah yeah okay, sold some there all right then. um this contract that I sold the one I sold for I think was a no I guess it wasn't a loss. No I didn't sell for lost. Okay so the contract here that I sold for a dollar row two. All right. Realistically like I shouldn't have sold it but at the same time I got caught in the flush move. So I really would have been selling like around a dollar ten but the snap move was so fast that I didn't Really that just didn't happen right? So it kind of like did something I didn't wanted to do right. But ultimately the purpose or the reasoning for me selling the dollar 02. Call here this one. This is negative. one at a dollar. Oh two is because again what I did was um I anchored which I don't see it here there it is I anchored a V-wap to the split demand of this V web. So like we said, this is a major one. These are the major major ones. This is another major one so this would be a minor V app off Vu app. so I just tagged another V web here. um and that one's slightly let me move it up to like right in there it's better. Okay, there you go. So this was the V web that I was then watching. So with that one contract I said to myself, well I know that once we break this upper view app, we're probably going to push to this one and when we do that, then I'll look for a new dip, buy off this one. Okay so I can take the small profit here and then expect a snap to here and add here right? And so ultimately the snap happens like a flash crash in second and then I pretty much close nearly on the bottom and then the wick happens up so fast that I can't even really Buy in on the point I want to buy so you will see that my next trade instead of being on this low where my V web is at, it's kind of in this dip here and then selling this pop because I knew once we hit this view app, there was a good chance we were going to pop up back towards the demand. So I pretty much just took in one, sold it on the pop knowing that that was pretty much the move right? And so then you will see my next trade. Here is one contract a dollar a weight on this bottom and the reason I bought it at this bottom was ultimately because again, um why oh yes, sorry uh, you can see we held this one pushed up and just you know, we pretty much just retraced back into V webs and and same old story right back to supports right? And so I was going to be willing to buy into here and buy into this and look for another move up. So same logic, we buy into this V-wap and then sell up into demand or Supply excuse me. All right so that pretty much covers why and when I was entering trades exiting trades today on the small account. so I don't think oh, there was one loss which happened. It's so like pointless to really talk about that. I'm not going to go into the trade uh I mean I could which one I don't even remember what put I bought um it was very minimal I can assure you it was like a six dollar loss. super minimal. Didn't have a lot of capital on the day so I think I bought a call. what did I buy I would have bought old stink because when we're going into it was right here I bought into this looking for the upper Reds to hold. so I bought just below because sometimes it'll shake them below and then work it. But then as soon as I got some weakness I knew that they were going to try to continue ramming the market. which they did. So I just took a small loss. Um, but if I was buying here, I was going to Target back to demand. So I haven't gone 403 or 402 something like that. So I probably could, but that one would have been a zero day, right? I think so I guess I could just go back. and yeah, let's see, is this the one two one three four three might have been a 404. anyways I'm just sitting here digging around doesn't matter all right. So pretty much took a small loss like here in the chart. buying this and then watching it flush former kid I'm like, all right, they're not gonna hold it back over it's going to be used as bearish and blah blah blah right But Ultimately, um, at this point I had no more capital in my small account. If if I had I would have been buying this dip and then doing the same thing targeting back up to Demand right? So so yeah, I mean so these are our long-term View apps. Um, in the beginning of the day, we use some short-term View apps to trade up and off of off our upper distribution view app. um I still look at statistics. Is there something else I'm working on? All right. Um, so that kind of covers the main portion of it. Then we get this bearish move in the day. So now I'm going to show you how you could basically figure out the volume weight. average price is bearish move and so if I go over here and we go to the Spy and we look at the 10-day 30-minute chart, do I not have I Can just bring up this one. All right. So we're going to do it over here. All right. So now let's remove. Um, let's remove some of these short-term ones. we're going to keep the longer term ones on, but we're going to remove uh, the shorter term ones. Okay, so now in the the middle of the day, we get this big sell-off. Which happens because of statistical probabilities, right? This top wasn't for no reasons because there were statistical probabilities, there, algorithms, runoff statistics, so if you don't know those exist, then you'll get caught in these tops more often than not and have no reason as to why. And so you'll see that we have this big sell-off uh, throughout the the midday. Okay, and then um, we also break the 10 simple moving average. So the same concept we use for anchoring this V-wap here to the 10 SMA break that leads to the Bullish Cross. We can still apply that same logic to this 10 SMA break here on the day, um, and and arguably use it as a short-term V-wap for trading back into our larger Trend V web. So what I mean is it was at this point in the day that we got the break of the 10 SMA. Okay, so right here you can see we break the 10 SMA push back over it and then we break it here. So right here is where I would anchor a V-wap Um, for this 10 SMA break, right? So let's go ahead and do that. Let's anchor a V-wap to the 10 SMA break which is like that's the break right there And then this is arguably the re-test So pretty much it would either be this one here. Uh, and we gotta anchor that to the high because we're going down now. So we're gonna anchor this to the high. So either anchor to like right here or we would pretty much be anchoring to like write, um, like pretty much right there. Okay, and that arguably would be like your short term volume weighted bearish trend of this immediate 10 SMA break on the day. So whatever bearish participant person in the market that was at least trading a bearish move based off this 10 simple, moving, average break in the day, this is their volume weighted average price right there. So I know that these bearish participants of this 10 SMA break. This is their V web. This is their average ownership price right here. So as long as we trade below that right, we can see bearish moves. Or when this 10 SMA breaks and we swing down, that would be a low risk entry for a bearish move and you would not want to be holding your short position if you started to get over the V-wap of that 10 SMA break. So let's just say you wanted to trade bearish because the 10 SMA broke here. That's your view app of that particular play. So over it you're you're probably going underwater. Okay, now something else that also works well with View apps is anchoring vaps to the highs or the lows. That gives you another angle. All right. So let's look at what a V-wap from this high and sort of this lower high area would look like on the day. what would that present to us? So let's go ahead delete these ones here and we'll bring them back in a bit. So what we're going to do now is we're going to Anchor review app to this kill Candle on the high. This one that just tanks us. We're going to Anchor a V-wap specifically to this last high that kickstarts this big dooming Loom move. Okay, so we anchor V-wap and it's I mean that's pretty much good enough And then so we can also anchor one leg pretty much to here right in the split spot. Um, okay, right there. and and you can see like it's really this one that performs the best right? So if you do it slightly wrong or it's off right, when you do it right, you should get almost a dead nut touch, right? So arguably, um, this is wrong, right? So we'll just roll with the one that comes off the high right as I was saying before. So the move that comes off the high right? and in this move this is pretty much this purple V-wap is now the volume weighted average price of the top down bearish move. Okay, so anybody that was in short here here here here here this is their V-wap the purple. So as you start to get over this purple line, you're taking out the average ownership short price of anybody bears from the top down in this move. Okay then right here is where we get the 10 simple moving average break. So a V-wap of those 10 simple moving average Traders would be pretty much something like that. So we would know that the 10 simple moving average Traders are bearish here and they're going to get flipped short, they're going to squeeze here. Okay, um, right. So there's that. Um and then also if you watch this larger V web. So remember this V web down here is a 50 SMA view app. So if we use the same logic which would be anchoring a V web to this specific V web tag area, we would do something like this. Then this would give us. Oh, we're going to take it to the low. This would give us the immediate dip long support of the major V web test which you can see pretty much happens right there right? You can see we hold the dip we run up and I've actually done this V web slightly wrong. The V web supposed to be down here. So however, I need to. Let's see. so this is where the 10 breaks right in about there. Yeah, there it is. Okay, that's how that's how I had it earlier. That's the correct way that I I need to look at it. Okay, because that's kind of like the shift spot right as we anyway. So you get the point. So so this V-wap is the Bearish V web of the 10 SMA Trader So you can see we kind of push it up. hold down. We tag it here and that holds us down. which just retests the V-wap of the larger and you're like wow, this is too much. Exactly. You do not need to do all this. This is because I just love doing things like this. So I just go above and beyond for a lot of things right? And people like, oh, just trade, supply and demand? Yes, do that. I'm not saying don't do that I'm saying if you want to understand the volume of the people that are participating in the market, you can do things like this. So what this little section provides me is what the short term 10 SMA Bearish Traders V-wap is then this one here provides me the volume weighted average price of the longer term bullish V web zone So this purple one here that's our that's our desired dip low risk High reward dip long spot and this V web that we've added is the v-wap of this important volume starting up. So you can see that that view app is used as a dip here to break the previous 10 SMA Bearish Move So that's why the market basically traps in between the Zone we're trapping either the bearish volume from the 10 break or the Bulge volume from the 50 tag. V Web Move: Okay, and then from there I mean you could just I I'm not going to go into every other single detail there. Um, but but yeah, I mean this. This will also kind of help solidify some things right. So this was the upper distribution you can see we're over it. once we break under it. that's used as a downtrend move. So this kind of up move becomes bearish here, right? And then the top down bearish Traders are following this view app and you can see they flip entirely when that view app gets crossed. So same way that we are bullish here. and then as you get under, it's bearish is the same concept as the top-down chairs are bearers from here down until we flip it over there. just as the same concept as the 10 SMA Bearish trailers are bearish from here and as we flip them over here, they're squeezed okay and it's the same concept as well. I'm not going to go back that far right? So um, so yeah, there's that. and now what I'm gonna do is I'm gonna take off this one so we can clean up the chart a little bit remove Oh damn damn. I Guess we're probably just gonna end video now. So yeah, uh I guess what was in it there? So um yeah, you guys have a good one. Happy Thanksgiving and I'll see you next one.
Another great one Connor. Tried these anchored vwaps today along with the fibs. Anchoring on the SMA crosses were really reliable.
Also: CTRL + Z key command for undo on TV
8000 vwaps … yikes …. but I get what you're saying and why it's helpful. Thanks for the great video. Hope we can get top E at twitter to remove the shadow ban for ya so you can stream again without your bandwidth getting jacked
Avwap on TOS is such a pain
2022= your year
Damn, avg down is how I made all my money
Happy Thanksgiving!