What's going on guys welcome back to the channel, so today's video is fairly special. What we're going to do is pretty much show you how you can set up a game plan for the day and then attack it right come into the market each morning. Do your analysis and make a plan - and i promise you i promise you - i promise you this will be one of the most solid videos on youtube teaching you how to set a trading plan up for the day going forward, and we also help have proof to Back this system up we're not going to show you things in hindsight, but we'll prove to you. You can predict things in foresight and, if that isn't enough to get you guys to hit the thumbs up and make this one of the most viral youtube videos on technical analysis, i mean, i really don't know what will so, let's get into it all right.

The first thing we do have to do is we got to give you the proof. Okay, here's the proof all right when you're looking here at this. This is my twitter page. Okay, we talked about specifically fcl and zoom today, so zoom we expect zoom will try to tag 287.

Today we will teach you how you could have predicted that, like we predicted it today, you will see the analysis for fcel is right here. Fcl attraction points four hour, plus one deviation priced at eight dollars and twenty four cents this morning look for a pop squeeze rejection off that price daily chart mean is priced at seven dollars and 52 cents. This is where shorts are targeting. If not, the gap fell.

This is the bounce location for the day if met cheers, so that was done before market open okay, so this was all done before the market actually opened. Now, let's look at what zoom did all right, so zoom you will see if i zoom in here zoom goes up and tags a price of 286.66 and tops out for the day, so our 287 target was off by 34 cents. All right, we weren't right on that one, i'm sorry, so the way that we predicted, that is by using a standard, deviation system and that standard deviation system provides you with all of these trend lines and all of these trend lines. You see here on the chart.

Nine times out of ten end up being where your stock is going to trade for the day, all right. So now we're going to go to fce. So remember, fcl. The recommendation was to watch fcel for a pop squeeze rejection off the price of 8 24..

The price only got up to 8 19., so we were off by six cents and then you will see the market ended up selling down to where the price of 7.50 then what happened at 7.50 it bounced. What we should definitely do is make sure that we go back and we re-read the recommendation on fceo attraction points blah blah blah 8 24 am so look for a direct rejection off 824 and a move down to 752. This is where the shorts are targeting, if not the gap fill. This is the bounce location for the day, if met so we say, 752 is a downside.

Target 824 is going to be your top tick entry and if it goes below 752, it's going for the gap filled trade as well. So now, let's go back and re-look at this, so pop to 819 sell down to 750 bounce, but it goes lower. So what did it do here? Let's take a look at the daily chart, the daily chart, if you look back, had a gap from this red line to this red line. So what happens when we surpass the price of 7.50 when we go below the price of 750 on the day, it completely fills the gap to the downside, so the way that we go about analyzing fcel and the way that you would go about figuring out how To make this game plan for the day is like, so you would start with the 180 day four hour chart, i repeat, start with 180 day four hour chart running the same standard deviation channel.

If you're confused about the standard deviation channel, i will leave three videos linked in the description of this video and you can go watch those before continuing with this. That will teach you how how to set the channels up in some little background context on them. So you see that 180 day yellow trend line. Okay, that is what we call a plus one deviation mark we're now going to go to the daily chart.

The reason we do these two time frames is because a i'm telling you to and b they just use they're just the most commonly um they're, just the most common time frames, which i find stocks run to every single day. So i just use these two time frames on a daily basis and eight times out of ten nine times at a time i can figure out where a stock will go for the day. Now i may not always trade it profitably and i may not always make the biggest win on it, but all said and done, the stock normally does what the game plan was. So it's all up to your emotions being controlled and managing your money in real time to make a profit.

So now that you know how we got those two trend lines, let's go back and look at them on a one minute chart the reason i changed. The color is so that they just match the color of what trend lines were already there. So we look at a one minute. Chart you'll see that that is how i came up with the trend line on the top and that's how i came up with the trend line on the bottom, and that is why i suggested you watch for resistance here and why i suggest you watch for a Move to 750 and or the gap fill which was from previous days.

So, ladies and gentlemen, i appreciate you guys tuning in as always that is our play and our analysis from fcl today. That is exactly how we go about finding a play during any day. Finding our resistances and our supports now it doesn't always play out that well or that easy, but nonetheless, that is exactly how we go about analyzing analyzing markets on a day-to-day basis for trading and i'll go a step further. Um i'll teach you how to do.

Stop losses, uh proper, stop losses, so this would basically mean everything that i taught you in this video. Let's say you now believe it's it's legit right and - and this is the way the market's supposed to work - and i believe that's the way the market's supposed to work. I mean it was pretty damn accurate. If you ask me, so i believe i'm on to maybe a smidge of something so with that being said, uh, if this really is the way the market worked, and let's say the market did want to go down here and the market really does believe in something Called a one to two risk to reward ratio.

Then we've come to the agreement. If this system is correct, market wanted to go from yellow to white. We would then go well how much of a move is yellow to white and then we would just divide that by two and then we'd have our stop loss. So if we do the calculation there, the difference from the yellow line and the white line or the total dollar value distance is uh.

What is that 71 cents? So we'll just say it's 70 cents all right. So therefore that means if we go for a one to two risk to reward and our entry right, if our entry really was here and we could get the full 70 cents down to the white line right. So let's say: if that really did happen, then we would place a stop loss 35 cents above so we will now go 35 cents up from the yellow line. So you go up from what is this uh? That's eight, we'll call it 825.

So 835 would be 860 right yeah, so you go up to 860, which is right there. So your stop loss on the day for fcl, if you were bearish on a short, would be there. So if you started shorting here or even down here, maybe you know whatever your stop. Loss would still be above the yellow line and that's the concept ready.

That's the concept. If this is the statistical trend and the market is meant to reject and go to here, then we shouldn't go above so theoretically, if your stop loss is above here and the market move for the day is to go down here, you will never get stopped out Because if this is the way the market actually works, and we trust that's the way the market actually works and the market wanted to go or stay below the yellow line, but target to this line. Whether our entry was here, okay, say our entry was here at 790.. Well, no we'll just say our entry was at eight, so instead of eight twenty, it's at eight.

So if we go from eight down to - let's just say 750 - that is 50 cents, meaning we should have a 25 cent stop loss. So if we enter at 8 and we keep a 25 stop loss, that is going to put us just at slightly over the yellow trend and in this instance today, you still want still would not have got stopped out, and that raises the argument that smart money Wanted the market to go this way and if they follow a system similar to this, they wanted to make sure they did not get stopped out above that statistical level, and that's all i have for you today. Folks, we do stream every single day monday, through friday, 8 a.m to 11 a.m. So if you would like to join us feel free to do so, and today only there is, i believe, 20 or 30 off our day trading program course that gives you free access to our chat, room and lifetime access to the course.

I'm not trying to sell you on it, but if you think what you saw here is pretty cool, you can get a lot more of that in our course. It's fairly priced with that being said, i'll see you guys on the next video discount in the description below and the three videos i have on youtube currently about the system linked in the description below with that being said, you guys have a great weekend.