Today, we're gon na be talking about the three technical indicators to build a trader's, toolkit., Hey everyone be sure to like share subscribe and, if you're on YouTube, especially ring that bell to be notified. As soon as we drop a new video. And also like I said, sharing with your friends. We're trying to get the word out.

All right, everyone., I am lead trainer with StocksToTrade Tim Bohen.. Today, we're gon na be talking about the three most important technical indicators. Okay, Now, you might say `` Only three ?'' Listen. I think one of the biggest things that many new traders goof up on or maybe experiment a little too much is, I think, the best way to learn these momentum trades.

The best way to spot the best opportunities is that KISS method. That keep it simple, stupid, no offense method. Okay, We all know the KISS acronym. And what I see so many times, and I went down this road trust me where it's like, hey more is better.

You know if I've got Fibonacci's if I've got Bollinger Bands, if I got Ichimoku Cloud., But ultimately what happens is I think you just end up creating reasons to enter mediocre, setups, okay And allow me to explain.. I think that if you add enough technical indicators, if you just keep adding them and adding and adding them at some point, you'll get to the point., I mean we've got hundreds actually yeah, hundreds plus in StocksToTrade. Every charting package has them. At some point.

If you just keep adding technical indicators, any stock's a buy, I mean anything., There's that old, saying humans can talk themselves into anything. And I think that's one of the biggest mistakes people make.. Now, if you branch out from the three that I'm gon na talk about today, definitely test., This is kind of the Easter egg tip of this video add one at a time and experiment and track your data. Okay, If you're adding more than one indicator to your chart at once, I think you're doing too much.

You're gon na get confused and you're just gon na waste time at the end of the day. All right.. That being said, let's talk about the three. I think you should be looking at and the three you should be using today: okay Number one, which is probably no surprise to any of you - that watch any of these videos is VWAP volume, weighted average price., And you know ultimately what I love about.

Vwap is most of what we do in short term trading and day trading is price action, volume-based, okay And what's great about VWAP. Is it's an amalgamation? Basically, it combines volume and price action to give you a indicator that shows whether a stock is bullish or bearish.. Okay And what's great about VWAP is and like so many technical indicators is they tend to become self-fulfilling prophecies? Okay, So if everyone and I've seen this, I remember when I first got started - we used to trade, the 10/60 cross all the time. You know the 10-period moving average and the 60-period moving average and when they would cross everywhere, you would buy.

If you trade S & P, futures and stuff. Everybody talks about the 200-DMA.. But if everyone's thinking the same thing, they end up being a self-fulfilling prophecy. And so many times, especially if you're familiar with my favorite afternoon, set up you'll.

Have these big gainers. I've got DWAC on my screen right now., You know the longer they're above VWAP, and this is an extreme wild mover. Okay, This is an outlier, it's up, 300 % and it's one in the afternoon.. But anyway the point is, you know you can see this thing just held held held VWAP all morning.

Explodes continues to just trend above VWAP, So at any point that it's there, it's considered. Bullish. People are hitting the ask bidding this up.. Vice versa, one of the great ways to use VWAP is on the short side..

So when these stocks pull back halted again man, it's an incredible time to be alive, 300 %, probably going to gap up out of the halt.. It's a special purpose: acquisition, company, social media, related., Listen soak up these videos; okay, Please. I've, never ever ever seen, markets like this.. I call this thing a black swan, but you can't call these stocks black swans when it happens like every three days..

The idea behind a black swan is that it's something that happens every 30 years, not every three days. Anyway. That means that any stock below VWAP, especially these momentum stocks, the selling comes in self-fulfilling prophecy stock, tends to pull back in a great short opportunity.. So that's what I love about VWAP, It's a great indicator if you're long or short, bias.

Next is those key levels: okay, Key levels, key levels, key levels., I'm going to tell you and I'm just going to list them for you real quick.. Now these aren't necessarily areas you add to your chart. They're areas. I normally add to my chart with lines.

You know use channel lines, use trend, lines., And I think one of the best ways to mark up your chart is to markup these areas and the areas I'm always looking at that previous days, close, which we call the red to green or the green to red. Line., So that's that area where the stock closed at 4:00 PM the previous day.. Why do we care? Why does that matter? Any stock that we say is gapping down when we say gapping down it's below the previous day., If it's gapping up it's above the previous day., So everyone's fixated on that level. Okay, That's why? If you hear somebody talking about `` Hey, these are the gappers.

Today, you know these are gapping up.. These are gapping down.'', That's all based on that previous day's close., Again very bullish. You know When we're talking these big runners. Let's say: DWAC closes at 41.49 gaps down tomorrow after running 300 plus percent, very bearish indicator.

People are gon na, look to short it or you avoid it if you're not short, bias., Vice versa, if it closes at 41.49 gaps up 42 43 bulls are back in Charge it's day, two of the SPAC buyers are going to step in nothing guaranteed, but that's a bullish, indicator., So red to green.. Next big thing we're looking at is the break of previous days. Highs., That's another level that we look at and that could be any time of the day, wouldn't matter if it's pre-market middle of the day or after hours.. That's especially again remember that red to green line is based on the 4:00 PM close.

Quite frequently. These stocks will squeeze in after hours., So we'll look at that after hours, high or then they tend to gap up at 4:00 AM if it's a NASDAQ play, they gap up and we'll trade off of that 4:00 AM level as well. Previous days highs, red to Greens, 52 week, highs. Biggest thing.

We look at 52 week highs.. Why do we care The idea? Is there's no bag holders? Okay, What's one of the big reasons that momentum stocks spike and fail? If you look at the long-term chart, which you should be looking at long-term chart on every potential trade, if you've got that long-term downturn stock with failed spikes, there's so many bag holders, so many people that have bought that stock and got stuck. With the 52 week. Breakout in theory, everybody is green..

Now I know. You might say `` What about the two year chart the five year the 10 year the 20 year. ?'', That's true, but I think one of the biggest things that's different right now, particularly is we have 10 times 100 times 1,000 times more new traders right now.. So I'm talking about the post-2020 boon post-shutdown lockdown..

Many of you know you've probably seen the numbers. You know Robinhood, adding, maybe not hundreds of millions, bu 100 million accounts, maybe And there's just so many new traders.. So I very very seldom right now look past that one year chart because two things so many new traders - and I think I'm actually like this. I think this is encouraging, so many people have realized that bag holding is a folly, and so many people move on., I think of the olden days.

People would hold and hold and hope.. Now you get to six months. Seven months, eight months, everybody just knows. Just move on..

I think it's part of penny sacks going mainstream ultimately.. So those are the big key levels that we're looking for. And then high of day and low of day.. Those are again if you're looking to play the bounces or the breakouts.

High of day low of day.. I always have those on my charts as well to know those big levels where I think the sellers are going to step in and then the buyers are going to step in. All right, that's a big batch, but I loop all those key levels. Together.

Then the last one I want to talk about is Oracle.. Definitely you know if you don't have StocksToTrade right now. Definitely, click that link below get the trial check it. Out.

DWAC again had a buy. Signal. Oracle had a buy signal this morning at $ 13.48.. That level hits in the morning..

Basically, what you would have been buying at roughly 9:35 AM right after the market closed. Now listen, I'm not saying you should still. You would still be in this.. I would hope you would have sold for profits at some point, but you can see the extreme volatility that's predicted.

And what Oracle does is it gives you that list of the most volatile stocks of the day. - And you know some of these biggest movers recently HX Duo, JRJC, great move, today., And so what it gives you is support and resistance levels based on the technical analysis based on Fibonacci's based on a lot of other secret sauce, and I think that it just really helps guide new or intermediate traders, especially if you're new To these extremely volatile stocks., So that being said, please use Oracle, get the trial below.. I won't get into the full breakdown cause. That's a long! Video.

Now keep in mind. We have several Oracle videos on the channel.. You could probably go to your search bar on YouTube type, StocksToTrade Oracle., I'm sure you'll get some of a match.. Then if you do get that trial to StocksToTrade understand that gives you access to the StocksToTrade University.

Inside the University. I've got several 30 minute one hour. Webinars breaking down Oracle in-depth. And again you get access to those videos with the trial.

So hit it below check it. Out. And that being said, keep it simple., Don't over-complicate things.. I really think, especially if you're trading, these big movers of the day I'd, be willing to argue with a lot of people, the merits of using anything else than just VWAP key levels and Oracle..

Now, if you've developed a system over time, don't yell at me in the comments., That's awesome. If you've developed a moving average system if you've developed a Fibonacci system, nothing but respect, but I'm gearing these videos towards newer traders and what I see tripping up newer traders Is adding adding indicators, indicators indicators.? It just gets you in a lot of trades and it gets you in trouble., So keep it simple. Amazing DWAC., 350 % and not looking back. All right, as always, if you're looking to get into more in-depth in trading in all of these facets, fundamentals technicals two Live webinars every single day.

Also hit that link below and check out the SteadyTrade Team.. I've done like I don't even know, I'm losing count. 3,200, 3,300 videos or live webinars, not just videos, live webinars. Q & A interactive.

Check out the SteadyTrade team and we'll see you next time.