How to use multiple time frames to spot huge trades (technical analysis)
HTML-код
- Опубликовано: 19 июн 2024
- In this video, learn how to use multiple time frames to spot huge trades. Register for our free intensive trading webinar smbu.com/RUclips
#technicalanalysis #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...
As always educating people how to trade for free, from a trusted source 🔥🔥🔥💪💪💪💪💪love it.
trying
These have to be the most useful advantced trade videos on yt
Thanks a lot Ranjit
love hearing that Ranjit
This is awesome! 4 minutes in and already got a page of notes. Thank you!
well I love that Matt
I'm learning to add on the breakout instead of taking risk off as well, exciting to see the trade move how you've planned, and then disheartening to see how far and fast it moves when other traders are buying the breakout / shorts stopping out. Great video as always!
🧡💛💚💙 After all these years, SMB is still empowering traders all around the world
since 2005. our best days are ahead.
Masterclass! Thank you SMB😎
thxs Joe
Love the analysis. I want to learn intraday swing trading. So you have a long thesis the night before, did I miss something about taking the opening drive play? Why not add to the risk cushion to put on a bigger play later? Why not buy the pullback fib retracement? A couple of quick trades then set up your larger trade. What I see going into that wedge is a measured move of about 4 points so this would put me at a price target of 54 which it exceeded because of those factors that made you interested in this trade. I like the idea of trading 10k shares but you got to be really precise in getting in to minimize risk and stopping out. I am a swing trader 2-10 days typically so would be wanting to hold at least 1k shares overnight and if you had built a big cushion then maybe 3k. Great analysis! Lots of room for improvement. Thanks for sharing.
Great to watch the decision making process in setting up your trades and making them work. Invaluable.
awesome
Haven't watched all videos on your channel but this one definitely is the most helpful I've seen so far. Thank you for sharing !
terrific. we will make more Julie
There. Several take-aways in this video . One that I noticed is in updating the playbook to take into account important information that was taken into account , perhaps as a happenstance, serendipitously, or semi-unconsciously, so that the thought becomes consciously a routine part of the set-up or trade management requirements. Thanks again.
Another. Great. Vid. Thanks Mike and Co!
I really liked this video - Makes me feel good as I am on the right track - it takes a lot of time to develop this video with this quality of content and delivery - thanks a million for sharing it!
Glad you enjoyed it!
you are welcome Orlando
Learned that exact pivoting lesson recently when you mentioned trading structure and referencing Paul Tudor Jones. It was a thesis for an in play setup starting the week in MRNA. I shared it in the DNA chat while adjusting my options positioning into the market close on Monday. Felt off because of the sharp reversal in some of the market leaders and volatility bidding up. It was interesting because of the expanding equity breadth metrics shared by JC & the team at ASC reported recently. Put the trade back on after seeing the rotational resolution and banks reporting. The vaccine bid was brewing in the market & developing showing up on the charts. Started at -0.52R and walked into +7.95R when the Phase 1 news hit the wires.
I still think there was a bit of luck/chance here but there were multiple timeframe technicals, elevated RVOL, and markets changing tailwind as keys. I shared this note on Seth’s recent options video as well because it may be something to expand/express ideas in indices in the future. For now just building on top of in play stocks and the methodology shared in DNA & Winning Trader.
Thank you for the continued insights !
good work by you Marius! keep it up.
This is a setup I have noticed as the strongest for a push up. I really like the scrip work at the end putting it into technical terms. Awesome trade review
thxs Jason
Another Great Video Mike!
How can you tell what percentage was done on the offer or bid on the upmove of a stock ? Is it a level 2 area to look at or volume gauge thing to look at ? would love to know. Thanks
This type of video is awesome, how depth data analysis is Done.
great to hear
Im ready to sign up with SMB. They are the best prop trading firm I know of.
thx Vincent! We strive to be!
welcome Vincent
thank you
Thank you for the informative video. Do you guys find these plays manually by looking through charts daily, or do you use software / algos to find them?
A combination of both, we build filters to help spot these trades. This stock has also been very in play lately so it presented some great trading opportunities and will likely in weeks to come
This is another great lesson. What concerns me is the degree of automation in trading, assuming that what you instruct your traders to do is common in the market. What chance does the lone retailer trader have of being successful using only his power of observation of spotting a trade and getting out at the right time before the robots skew price action?
The automated bots can help traders. They often push prices to extremes in both directions which create trading opportunities for us
it would be way cooler if we could see their mouse movement when talking over the slides with the charts. easier to follow in my opinion
noted
Thank you again for the wealth of information! I always wonder how traders know when the short sellers are getting squeezed or when the buyers take control? is it in the level 2, the time and sales, or something else I'm missing?
Yes, time & sales, when shares are bought mainly at asked price (green on time & sales)
Julie St.A when sales are bought mainly at price ... but which price ? On the bid ? And what does that mean?
@@qamarmood1157 At "ask" price. When buyers really want shares (or short sellers really wanting to get out, close the trade), they have no other choice than take price offered available on the "ask" and when price climbs fast, it pushes short sellers to close trade faster (squeezing them, backing them into a corner). And as a seller, it's an opportunity to make bold offers (on the "ask") as shorts trying to close position need to buy to cut their loss. Is this better explained ?
Julie St.A makes sense but couldn’t thst also mean impatient traders such as myself are getting in scared they are going to miss the action? Because I always buy the ask
@@qamarmood1157 Haha, yeah, I'm one of those too (often). A short squeeze is a mix of short sellers trying to close trade, a bunch of long buyers trying buy before price gets high plus daytraders trying to trade the momentum. All combined drives the price up pretty fast
Priceless information very grateful for this. Can you become 7 figure trader with RR of 1:2 or 1:3....
Thats what I call a perfect trading journal ! Thanks for the video tho
you got it!
you are welcome
Thanks
Awesome Thank You for this video this is a help
In which application do you put the scripts to work?
How do you guys check the rvol before the trade , or is it Rvol at time , wouldn’t it take some time for rvol to show up for the daily time frame , or rvol for the tome frame you using ?
its built into our trading platform. Most set it to a 14 day avg and it updates instantaneously. you should be able to script something to get the same thing
How do you get the TAPE? I am using tradestation, the DOM does not offer what I see on the tape you are showing here. Thanks for sharing the video!
Brokers call it time and sales. Look for that.
@@InJunoWeTrust Loved your video and how you planned, executed and managed this trade, very educational!
you'd have to google or youtube a tutorial for the specific broker
TS client center. Check out the Software and Data Subscriptions located under customer profile. section on the TradeStation website. add the equity and equity options data enhanced mkt depth etc...
Mike Bellafiore is the boss in wall street!!
Nice gem
Team trading is the future
What source will provide me with pre market and during market data on RVOL & price % increase. Thank you ! Enjoy the video's.
TOS should have most of this
totally
How can you get access to those scans? Thanks
Mike Bellafore is a mature Clark Kent! Hottie!
SMB capital is a gold mine
you did not show the 4 time frames and how you use them - wasn't that the idea
i was kinda thinking that too, showing how to utilize different time frames at the same time, in conjunction with each other. they mention it at around 11mins though
This channel definitely brings value, however, I do not understand why any trader will risk all there gains and + for continuation. It’s risky. As a trader: the goal isn’t always about making money but about our strategy so risking all there earlier P/L + doesn’t seem smart.
I’m only 22 min and 11 sec in so I’ll keep watching but I’m dumbfounded with this traders risk.
Update: I now see the overall play and I learn a few things. However, I still don’t agree with the risk he was willing to take.
To me, if I know an A+++ setup is presenting itself and I know my win rate on this particular setup and I know the potential reward and I’m comfortable with the risk I’m taking, it’s important to get big for my style of trading. A few of these trades per month is really were a bulk of p&l comes from if you are more of an explosive trader than someone who is a little more active. Worse case scenario is I hand back my earlier p&l + 50% of daily stop. But with that said, I likely would have had a reason2exit prior to that hard stop being hit once I got my last couple entries. Also, it’s important to know your “average day”. If you are consistently making around what your daily stop value is, then handing back 50% of it on a special situation is completely fine by me. Hope that helps. Beautiful thing about the market is there is plenty of ways to skin the cat.
If the trade is an A+ for the trader then the potential reward on it will outweigh the risk. Often we wish we were bigger in our best trades. Risk tolerance is different for all traders
Trading stock is a profitable venture provided one perseveres and takes a more professional approach to it. Coming in with a wrong mindset or no knowledge in trading can cost you. Seeking help from an account manager Mr David Haggard is one of the best decision i made
You can reach out to him on whatsapp
:+19284870044):
Words cannot express how grateful i am for Mr David's kindness and generosity in handling my trade as a professional. I found this account manager really reliable and safe as far as its services are concern and would like to recommend this expert trader on to others who wants to profit in the financial market.
My experience with Mr. David dealing with my investment is really remarkable and I also had to write about it to motivate traders who find it difficult to make consistent profits. Mr David platform is safe and reliable and, with his strategies, your profit is consistent.