Welcome back everybody today we're going to be talking about the top five technical indicators that new traders need to be using. Okay, listen! One thing i see a lot and maybe you fell into that trap and i know i did when i got started of adding too many indicators. I've seen some of these charts and oh my gosh there's lines everywhere and you know listen. Technical indicators are important, but so many newer traders over complicate things.

That being said, you're gon na start out with these five and then i'm not saying this is the only five indicators you use for the end of time, but this is a base. This is a good foundation and once you start finding consistency, then you start adding data points. Then you start tracking that data, and you can see is the ikemojo cloud which quite possibly i don't. I don't use it, but it's my favorite technical indicator just because the cool name, but you know you can see if the ecomocho cloud is actually helping you or if rsi is actually helping you or if bollinger bands are helping you or one of my favorite indicators That we won't talk about is the oracle support resistance levels? Is it really helping you so that being said, one thing we're always going to be looking at right off the bat is volume volume, volume, volume, okay, um, something you'll see like the stock.

I'm going to talk about today and another one i mean look at uh, sbfm, okay. This is a recent issue, just started trading a little while ago, but you can see there in in march. In early april. You know not unusual volume, not unusual movement.

You look at the other day that explodes into 150 million shares pushes the stock to six bucks. Now you know you got something going on okay, you know that there's a good chance that this stock could run all day even better example. Mnts awesome stock today exploding the highs, and i mean look at this thing, so this is a aerospace company, long-term downtrending stock. I mean look, listen! These volume candles are correct.

Okay, this isn't like you can see them. They're, itty, bitty. Okay, this thing did have value, but then you look at today. They drop news that they've got to deal with spacex elon musk's company, depending on when you are watching this elon is the the hottest thing out there right now.

Just the other day, um elon bought that 9.2 2 stake in twitter. Obviously tesla is an amazing stock. The market is just looking for these elon plays that's kind of like the hot sector right now now, when you're watching this, it might fade. But you can see, i mean look at this thing: we're i'm recording at 11 a.m and 80 million shares traded and again look at that compared to the rest of the day.

Now. Does that guarantee ooh? Look at this thing trying to test the highs, but does that guarantee that the stock is going to continue to five continue to 550? Continue six doesn't guarantee but remember more buyers, more people willing to bid more people willing to chase more people in love with the story. There is a much higher probability that this stock does continue to 5 to 5 50 and on so look for that unusual volume. In stocks to trade, the indicator, i look at and you'll see it's right here in your basics box.

Is that 60-day average volume? Now i use that and again you can. You can use different time frames if you want. I like the 60 day because it gives me a snapshot of recent price at or recent volume, but not going back too far i mean listen. I don't really care look at that.

I don't really care about the volume from two years ago. Three years ago i mean i mean, listen, it was a different world two years ago was before covid. Okay, i mean it was a different world or or three years ago or four years ago or five years ago. So the 60 day gives me a good snapshot.

Good data sample to base it off of and again you can see: 750. 000. Okay, didn't wasn't even average a million shares a day before today. Again here we are midday.

80 million. I mean there's a good chance. I mean if this keeps pushing the high day. Good chance it could be trading two three hundred million by the way drop me a comment.

I am recording on april 7 2022. How many chairs did uh mnts trade today drop me a comment all right. The other thing is use candlestick, charts, okay, um. I know if you're new, if you're on robin hood.

Currently you know robin hood is only line charts, i'm not i'm not a robin hood hater. I actually think robin hood is a great brokerage to learn from i mean at the end of the day, if you're new, the free brokers are great, i mean, i know, they're they're selling your order flow, and i know i remember the the game. Stop debacle and locking you out of trades, but i mean listen if you're brand, new and you're trading a couple hundred dollar account, because you're trying to learn free trading is huge, huge tool. I mean i look back when i got started.

You know commissions were way higher, you know 15 years ago, you know, but you know and and you could make good trades and the commissions would just eat you up. You know you'd be paying. I mean, listen! Some of these stocks back then you'd be paying a hundred bucks in commission. You know, and i mean even if you made you know, you're new.

You make two three hundred bucks. Well, you didn't make 200 300 bucks because you had fifty dollars each way on your commissions. So anyway, my point is i'm not a robin hood basher, but definitely check out other charting platforms that have candlesticks. Obviously, i'm a little biased check out stocks to trade hit.

The link below we've got always running different specials different promotions, great way to access all these tools and get the candlestick charts next is v-wap and i'm actually going to drop off that that indicator. I talk about all the time, the oracle levels and just add v-wap. So that you can see that and whoops, let me get there, i'm clicking all around too fast. So anyway, vwap is the number one technical indicator and really, in my opinion, it's about the only one you need.

Okay, so i've done a bunch of uh of other videos. You can check out the archive explaining what that view app is explaining how to use it today, i'm trying to keep it short, but what i love about um view app, is it's an amalgamation of volume and price action and again not to get too verbose, not To get too in-depth, it really just gives you a read of in theory. You know when the stock is above v-wap the the the volume is building and the price is building. So it's considered bullish and then what's great about view app is it's it's an indicator.

Long or short, because if you've got if you're below view app, that's telling you that the price is fading and the volume is fading, which is a bearish indicator which two things. If you're long, it's telling you hey time to stop out or if you're a short bias trader, that's a lot of times your your good entry, those late day, v wap fails because that tells you, the volume is coming out and the price is dropping and nobody Wants in so it's just a great bullish, bearish indicator to guide you through that sentiment, um lat or not last, but last two is the high of the day and the low of the day. We love to use these indicators, i'm going to jump back to sbfm as an example, because it really gives us that idea of areas where we want to avoid or get aggressive. So you can see this morning.

The low on sbfm was six and that that's the four am low. Okay. This is right when pre-market opened and you can see it really just kind of base their base their base there. So that's giving you an indicator which also here last night's close, was right.

At six and after hours held at six, so you can see that that is a level of defense. Okay and then it's also an area to key off of now. That previous high would have been 770 and you can see when 770 broke right here, which would have been the high a day from pre-market, as well as the market open boom 885 high at a currently. So you can key off of those whole dollar half dollars higher days lower days again to get a gauge bearish bullish, i mean listen if let's say sbfm opened weak and took out that morning low.

This is a low float, very sketchy biotech. Okay, you take out the lows, avoid it like the plague now you're breaking that high, especially that pre-market. You know that 8 30 high right here again at that 7.75, which corres corresponds with last night's highs as well. That's a big break and you can see it blows up to 885.

now right here we are we consolidating that view. App v is currently 790 my favorite indicator and then we're going into that sideways action which again check out the archive we're setting up for that vwap hold high day break i've done about 10 videos on that, but the longer this consolidates at v-wap the more you Can trade against that 880 level for that breakout and then the last one is that opening price or what i call the red to green greendale red line or the previous day's close always always always have that indicator on your uh watch. You know if you're on stocks to trade advisory, you know we talk about those weak, open red to green setups, all the time you know, and you can see like look at tesla look at when this thing broke, that uh green to red line washing out here. Okay, a lot of the times when we get those uh red to green moves.

You get those big moves and you can see how like black, rifle, based off of that previous day's close. So a lot of different names, um, it's the previous day's close. It's the red to green green, to red line um and keep in mind. This gets confused a lot and i don't blame you that ready green green to red line previous days close is always the 4 p.m.

Eastern close, okay, a lot of traders, don't trade in after hours, so a lot of people get tripped up and they think the previous day's closed is based on the 8 pm eastern close, which you know if you're trading, nasdaq's and nyse stocks, you know they trade. All the way up to 8 pm, otcs, don't but the the listed stocks do so remember that is always based off the 4 pm eastern previous days close and those are the five indicators you need to use, and really i mean i am telling you and you Can choose to agree or disagree? I love to debate. I love to argue, but until you're, consistent, okay, until you're, consistently growing your account until things really start clicking, don't add more. I know it's tempting you'll watch another youtube, video which hey take advantage of all the resources and you'll, see adding all these lines and doing all this stuff don't fall for that temptation.

Once you get consistent, then look to branch out and, if you're looking to find a way to get consistent check out the steady trade team hit that link below it's a mentorship program. I've been running for six years now. Geez time flies jesus six years, i'm like 88 years old by now, anyway, i've done three, almost 3 500 webinars. I'm live twice a day every single day and it's real.

It's live and interactive and it's the best way to become a consistently profitable trader check out. The steady trade team and i'll see you next time.