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Tim Bohen and Mike “Huddie” Hudson are back and answering your questions. Today it’s all about chart terminology. Specifically, what’s the front or backside of a chart pattern? And what does it have to do with timing? Watch as Tim and Huddie break it down!
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✅ Recommended video: https://youtu.be/qrjYFhsSRtk
✅ Recommended playlists:
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🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
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Whether you're long or short on a trade, you need to be able to identify what the backside of a chart is. You should also know what that means for future possibilities of price action. Huddie always looks for extension. It should be trading mass amounts of volume and having big percent gains.
A few days after each candle engulfs the previous … that’s when that volume also correlates to the big percent move. This is also called exhaustion volume, where the stock just can’t sustain that movement. But this still isn’t the backside!
The backside is a very significant trend change. Tune in to see a chart example on TSLA and learn what a bag holder is.
As the stock kinda trickles down and comes back to reality, it’s not gonna be able to move the same way it moved back when it was on day one of the run. Why? Tune in to learn how this creates the backside.
Now on the first red day, everyone that previously bought in at the high of day is red. The stock’s gapping down and a lot of sellers will sell into any bounce.
This can create great short-selling opportunities...
When it's the front side, everybody's buying those spikes. When the stock's green every day, people are buying breakouts like crazy. They don't wanna miss it, right? Then you flip after that first red day, especially in the junk stocks. Any of those weak bounces get sold into, and the exact dynamic flips.
#StockCharts #FrontSide #BackSide
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Try StocksToTrade for $7: https://stockstotrade.info/31DjHF8
Tim Bohen and Mike “Huddie” Hudson are back and answering your questions. Today it’s all about chart terminology. Specifically, what’s the front or backside of a chart pattern? And what does it have to do with timing? Watch as Tim and Huddie break it down!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/P-fg-aN5aUE
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/31DjHF8
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/2Bp45dR
🔴Traders Blueprint Free Guide: https://stockstotrade.info/3geEB1K
🔴Check out the SteadyTrade podcast: https://www.steadytrade.com/
✅ Recommended video: https://youtu.be/qrjYFhsSRtk
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Whether you're long or short on a trade, you need to be able to identify what the backside of a chart is. You should also know what that means for future possibilities of price action. Huddie always looks for extension. It should be trading mass amounts of volume and having big percent gains.
A few days after each candle engulfs the previous … that’s when that volume also correlates to the big percent move. This is also called exhaustion volume, where the stock just can’t sustain that movement. But this still isn’t the backside!
The backside is a very significant trend change. Tune in to see a chart example on TSLA and learn what a bag holder is.
As the stock kinda trickles down and comes back to reality, it’s not gonna be able to move the same way it moved back when it was on day one of the run. Why? Tune in to learn how this creates the backside.
Now on the first red day, everyone that previously bought in at the high of day is red. The stock’s gapping down and a lot of sellers will sell into any bounce.
This can create great short-selling opportunities...
When it's the front side, everybody's buying those spikes. When the stock's green every day, people are buying breakouts like crazy. They don't wanna miss it, right? Then you flip after that first red day, especially in the junk stocks. Any of those weak bounces get sold into, and the exact dynamic flips.
#StockCharts #FrontSide #BackSide
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Thank you
Best Explanation. Thanks.
?????
They should plan what they are going to say before making this video
Great Vid! Was wondering if front/back sides can also happen during a smaller time frame (1/5min)? Ex. Morning push (1-2 dollar move – increased volume) then price and volume get exhausted and starts reversing?
Great video, so much knowledge bomb drops here! Thanks!
So, recap:
What's frontside and what's backside again?
Fantastic info here! Thank you guys!
🤜🤛
OK GOT IT!!
Senior Monroe university new Rochelle NY.
My 24 yr. Old son just watched this video, He really likes it. Thank you guys..
Big fan Huddie! Keep it up! Your success is very inspirational! Tim thank you as well, always a pleasure to sit and take in these lessons!!!!!
One of the best videos I have seen, glad I to watch ..
Thank you guys so very much..
Good explanation.. Huddy is the Man !
Hey guys thanks for providing the awesome vids, learn something new every time. I would like to ask, how many months being consistently profitable do you guys think its safe to say that you can actually make a living out of trading?
Greetings guys, wanted to say I appreciate all your work. It's tremendously helpful. My question: Tim, I know you're a huge fan of viewing the 1 year chart; and of course you talk about only trading bullish trends, but where do you make that cutoff? As in, if a stock is generally lateral for 8-10 months, but then gets slightly bullish, would that then become a stock you'll consider trading? Or do you have to have essentially, a whole year of relatively positive movement to put it on a watch list?
Can you please explain how you decide when to take profits when you're long and there's no resistance ahead ?
Dude that’s such a dope jersey
Nice
thanks much gentlemen, it's always nice to learn more everyday!!!
Easy to understand tougher to put into practice, great video! Have you ever talked about frontside & backside specifically intraday or would you apply the same principles?
🔥🔥🔥🔥🔥🔥