Very good information never thought of setting a buy based on what you discussed. One thing I have started is once in a trade I set a trailing stop loss. Ex say my stop loss is set to 10 cents below current price if price goes up my stop loss of 10 cents follows. Great advice and really learned from this video will practice over few weeks then try it out.
So glad you liked it!! Worked amazing on TSLA today! www.tradingview.com/x/xayBCiLn/ Zach played it like this today, off of pre market resistance once it broke out
if you miss the tp by a penny but its still resting at that level, FOLD ! Market sell ! The risk reward will currently be 1 penny / (pips in profit + sl )
Sometimes that does work - I agree. But usually, I try to stay in the position longer if I miss by a .01 and end up, trying to go for more. And that works as well.
Heyya JAN, long time no chat. What did you do @ 2:59 to bring up that menu bar? Thanks in advance. (or... what are you TV settings to allow for that menu, I don't seem to have similar on R.Click). Perhaps a video on your TV setup?? Thanks again.
at 16:16 when the price is at 668.36 and he moves his tp to 672, and barely moves SL, only up to 648. He is consciously accepting to risk 20,36 dollars to have a chance of earning 3,64 $ more That is a Risk to Reward ratio of 0.17. The math has spoken, it is an irrational decision nomatter how you put it .
Sounds like you might need to touch more practice on risk reward ratios. If the original risk position is $10 and then you place a stop loss so now the risk is only seven dollars, you have decreased the risk therefore improving the risk reward ratio, especially if the target gets hit
whether you draw them off 1 second chart or monthly chart... the price was there. its irrelevant. the S/R he draws on 3 min will line up with those you would have drawn on 1H
You are such a giving person, thank you so much Jerremy this information is so valuable (and for free!!!!) Bless you
THANKS IAN!!! SUPER thrilled you enjoyed this! :-)
Very good information never thought of setting a buy based on what you discussed. One thing I have started is once in a trade I set a trailing stop loss. Ex say my stop loss is set to 10 cents below current price if price goes up my stop loss of 10 cents follows. Great advice and really learned from this video will practice over few weeks then try it out.
So glad you liked it!! Worked amazing on TSLA today! www.tradingview.com/x/xayBCiLn/ Zach played it like this today, off of pre market resistance once it broke out
if you miss the tp by a penny but its still resting at that level, FOLD ! Market sell ! The risk reward will currently be 1 penny / (pips in profit + sl )
Sometimes that does work - I agree. But usually, I try to stay in the position longer if I miss by a .01 and end up, trying to go for more. And that works as well.
Heyya JAN, long time no chat.
What did you do @ 2:59 to bring up that menu bar? Thanks in advance. (or... what are you TV settings to allow for that menu, I don't seem to have similar on R.Click). Perhaps a video on your TV setup?? Thanks again.
::
This worked super nice on TSLA today
:)
Awesome video! Thanks for sharing your knowledge.
THANKS AL!
at 16:16 when the price is at 668.36 and he moves his tp to 672, and barely moves SL, only up to 648. He is consciously accepting to risk 20,36 dollars to have a chance of earning 3,64 $ more That is a Risk to Reward ratio of 0.17. The math has spoken, it is an irrational decision nomatter how you put it .
Sounds like you might need to touch more practice on risk reward ratios.
If the original risk position is $10 and then you place a stop loss so now the risk is only seven dollars, you have decreased the risk therefore improving the risk reward ratio, especially if the target gets hit
Crazy good. Love it
THANK YOU!
Very detailed without being techno-babble. You sound bearded - I guarantee this guy guy is rocking righteous facial hair for moves like that.
LOL
Man, Just Great
THANK YOU
It's surprising me to draw S and R lines on 3 min chart for premarket analyses purpose. It's not professional approach.
::
whether you draw them off 1 second chart or monthly chart... the price was there. its irrelevant. the S/R he draws on 3 min will line up with those you would have drawn on 1H
Gsus you make it seem so simple.... its shocking.
:) :)
i am not very experienced but this video seems completely outrageous to me...
ok... making more sense the longer i watch
:)