Trade with me: https://bit.ly/3Lk0094
How to draw support and resistance lines for day trading beginners using Thinkorswim platform? In this video I'll be going over a simple 3 STEP process for drawing support and resistance lines on $ROKU stock. And setting indicators for intraday trading.
🔽Time stamps:
1:24 Importance of volume breakouts on $ROKU
2:48 Drawing out visual daily gaps, earnings gaps
4:38 Adjust support and resistance price levels to touch multiple times in the past
6:03 Setting up EMA indicators in Thinkorswim
Videos mentioned:
How To Find Support And Resistance Levels (Easily) - Forex trading
https://www.youtube.com/watch?v=k4PIea7hTZI
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
How to draw support and resistance lines (Technical analysis for beginners ):
1. Start with daily chart (the levels are the strongest).
2. Adjust lines to land on major volume breakouts and breakdowns
3. Draw lines on visual daily gaps
4. Adjust each stock price level to touch at least 3 areas on the chart.
5. Double check the lines on the weekly chart (especially if you were swing trading for more than 2 days)
📉My Trading Broker Platforms:
TradeZero: https://bit.ly/38OlfSv
-Get 3 months FREE platform + 1 Month 10% off short locates
Centerpoint Securities ($30K min): https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
-Get 6 months FREE Trade Ideas scanner
Interactive Brokers: https://bit.ly/3bE82u4
Interactive Brokers Canada: https://bit.ly/2FBwdMo
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
TikTok: https://www.tiktok.com/ @HUMBLEDTRADER
Twitter: https://twitter.com/HumbledTrader18
FB: https://www.facebook.com/HumbledTrader
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 11900
How to draw support and resistance lines for day trading beginners using Thinkorswim platform? In this video I'll be going over a simple 3 STEP process for drawing support and resistance lines on $ROKU stock. And setting indicators for intraday trading.
🔽Time stamps:
1:24 Importance of volume breakouts on $ROKU
2:48 Drawing out visual daily gaps, earnings gaps
4:38 Adjust support and resistance price levels to touch multiple times in the past
6:03 Setting up EMA indicators in Thinkorswim
Videos mentioned:
How To Find Support And Resistance Levels (Easily) - Forex trading
https://www.youtube.com/watch?v=k4PIea7hTZI
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
How to draw support and resistance lines (Technical analysis for beginners ):
1. Start with daily chart (the levels are the strongest).
2. Adjust lines to land on major volume breakouts and breakdowns
3. Draw lines on visual daily gaps
4. Adjust each stock price level to touch at least 3 areas on the chart.
5. Double check the lines on the weekly chart (especially if you were swing trading for more than 2 days)
📉My Trading Broker Platforms:
TradeZero: https://bit.ly/38OlfSv
-Get 3 months FREE platform + 1 Month 10% off short locates
Centerpoint Securities ($30K min): https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
-Get 6 months FREE Trade Ideas scanner
Interactive Brokers: https://bit.ly/3bE82u4
Interactive Brokers Canada: https://bit.ly/2FBwdMo
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
TikTok: https://www.tiktok.com/ @HUMBLEDTRADER
Twitter: https://twitter.com/HumbledTrader18
FB: https://www.facebook.com/HumbledTrader
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 11900
Thank you for your teaching. So after you draw out your support and resistance on the daily .you go back to the weekly to check it then when you are ready to start trading do you exit your plays on the 3min or 5 min ? Thank you I hope you answer my question?
I have indeed, destroyed that like button
Well, that was a waste of 10 mins. Still waiting on S&R Indicators! 🙄
love you ❣
Did you ever interview Orane? If so, what's the link?
Well, again, you probably misunderstand me.
Poor communication, some mix up some place in your or someone else's head .. solar flare?
Which of course does not mean shyt to me, cause no one else gets to blame solar flares or any the fck thing else with such a stupid fcking move at such an unstable time.
Ya know?
Ty
Great content.
❤ to smash
I appreciate you explaining things so clearly, thank you 😊
Love your rationale for placing S/R lines
Oh my this one is a huge 💎
I usually start my chart plotting at 180 days gold, 10 days blue, and 1 day pink. I start at the top, then bottom, then shot straight for the center and work my way back and forth to the outsides. I don't usually plot anything that isn't hitting more than (4) candles. Once I've made my way to the 1 day it starts to look a bit crowded. so I compare the three charts and start to remove lines that don't match up from chart to chart. This will usually leave me with easy to read plots and let me know where some stronger price action lies. As the trading days moves forward I look for bottle neck in the chart, current news, and anything else that might be going on? Love all the videos you put out there Big Money 🤑
this was an ad
There is no such thing as 'support' or 'resistance'
It is all about liquidity and the concepts that surround them
Price does not care for a line on a chart
I Love your vids- I know that you have a paid group, but can you do small educational vids for beginners to learn fundamentals of day trading ?
Thank you for all that you do …
Yeah…please bring your mentor …
it would be a 1000x better if you stop showing your face so much and focus on the chart and what your tryna explain I cant see what im supposed to when your jumping back and forth from the chart and you, it doesnt help and slow down when giving examples and setting up chart geesh its like 5 secs then you switch views smh please get it together
Great info
What chart do you use to mark these yourself? Is it free?
How about owning a bulk amount and a small amount, and then buying and selling the bulk amount to make the markets move and then to use the small amount for profits to buy and sell before the bulk buy and sell after the bulk sell
Liked and saved.
a comedian and a teacher, its an all in one package
Thanks for sharing informaion 🙏🙏
You’re very smart, I only use the KST that I Frankenstein up , works very well. Working on my second Lamborghini, I gave up on getting my first one.