I find chart patterns very useful to decide whether to take the trade or for better entries on swing trades. I trade options as well, and patterns definitely help. Takes practice to see them, so I also flip to different time frames (I usually go from 1 min to 5, then 3). The more you know, the more your mula grows! Thanks for the wonderful education and of course, I love the trader family every morning on TraderTV Live. Kudos!
at 6:26 You risk $3 to $4 to make $3 to $4 even partial out at $1 ,so with 1:1 RR ,whats your winning average ? that would definitely will not work for me
Thank you guys. Can you do an options video? I know it's not your field of trading but you know so much, so you probably can deliver this knowledge better
I use the thinkorswim to scan the us stocks and i like the charts like sma,Rsi, Macd. Any idea if i can use it for Canadian stocks or if there's any alternative to check the charts technical analysis thank you.
I was thinking the same thing looking at that. But like they said it depends on the probability. That trade set up might be so strong for them it works out the majority of the time so can absorb the times when it doesn't. However still seems like a really loose stop...
Patterns are good but they don’t work all the time. Most of the time algos use them to trap retail traders because they know that we trade these patterns.
When Mullet nothin’ :) There are high probability setups that keep changing depending on market conditions. A bull flag or first retracement might be a high probability setup in certain market conditions and then it stops working under other conditions. What will make you profit consistently is the ability to cut your losers short and find which patterns are working now. Never fight the market, market is always right. Usually it takes 2 to 3 market cycles to get familiar with the action. Good luck!
THE TRADER TV LIVE MUSIC, IS MY TRADING THEME MUSIC...... I BEAT MY CHEST AND HUM IT LIKE MARC HANNA ON WOLF OF WALL STREET BEFORE THE BELL!!!!! I LOVE U FREAKIN GUYS!!!!!😁🚀👍❤🧨🤑
Hey guys, love the show!!! Any way you guys could cover setting up premarket scanner? Keep up the great work!
Great suggestion! We will, please stay tuned to our educational channel!
I second this suggestion PLEASE
I find chart patterns very useful to decide whether to take the trade or for better entries on swing trades. I trade options as well, and patterns definitely help. Takes practice to see them, so I also flip to different time frames (I usually go from 1 min to 5, then 3). The more you know, the more your mula grows! Thanks for the wonderful education and of course, I love the trader family every morning on TraderTV Live. Kudos!
Thanks for sharing! Please stay tuned to see more educational content!
That last one about double tops and double bottoms is so powerful!! Thank you
Glad you like them! Please stay tuned for more educational content!
I have learned more from you guyz in just a week of watching your channel. Kudos👏🏿
Happy to hear that! Welcome aboard!
Please stay tuned, we post educational videos everyday!
Nice info guys! Thank you!
Our pleasure! Please stay tuned to see more educational content!
Great video. Why set your entry for ROKU in the middle of the consolidation (given sell off on a good volume, and it broke support)?
You guys are awesome! That ROKU trade was nailed like a solid board!
Thank you! Will be getting only better! Please stay tuned, we post educational content every day!
Great Educational content..so important,, thanks Market Wisdom.
You are very welcome! Please stay tuned to see more educational content!
i love you guys all
thank you for this GREAT CONTENT
Awesome guys! Great topics . I love it!! 👍🏼
Glad you liked it! Please stay tuned - will be getting only better!
at 6:26 You risk $3 to $4 to make $3 to $4 even partial out at $1 ,so with 1:1 RR ,whats your winning average ? that would definitely will not work for me
Hey Guys, Good edu video. Would a Bear Flag work in the reverse.... Gap down, consolidation, and a break below the bottom line of consolidation?
Thank you guys.
Can you do an options video? I know it's not your field of trading but you know so much, so you probably can deliver this knowledge better
You are right, we are trading stock shares! Anyways, please stay tuned, we might do!
I use the thinkorswim to scan the us stocks and i like the charts like sma,Rsi, Macd. Any idea if i can use it for Canadian stocks or if there's any alternative to check the charts technical analysis thank you.
Please check with your broker (think or swim)
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@@davidlemarquis1133 I am in the process of learning however my question was clear i just wanted guide to use for Canadian stocks?
Fantastic explanation
Glad it was helpful! Please stay tuned to see more educational content!
Thanks guys !
You are very welcome! Please stay tuned, we post educational content everyday!
Thx 😘😘😘😘
On ROKU, you're risking $5 to make a $1 or $2? Isn't that poor risk management?
Depends on the probability, but yes, generally as day traders we look for at least 1/1!
Please stay tuned,m we post educational content everyday!
I was thinking the same thing looking at that. But like they said it depends on the probability. That trade set up might be so strong for them it works out the majority of the time so can absorb the times when it doesn't. However still seems like a really loose stop...
Patterns are good but they don’t work all the time. Most of the time algos use them to trap retail traders because they know that we trade these patterns.
What does work all the time?
When Mullet nothin’ :)
There are high probability setups that keep changing depending on market conditions. A bull flag or first retracement might be a high probability setup in certain market conditions and then it stops working under other conditions.
What will make you profit consistently is the ability to cut your losers short and find which patterns are working now.
Never fight the market, market is always right.
Usually it takes 2 to 3 market cycles to get familiar with the action.
Good luck!
video where you both trade the same pattern....
Please stay tuned, more great videos are coming!
THE TRADER TV LIVE MUSIC, IS MY TRADING THEME MUSIC...... I BEAT MY CHEST AND HUM IT LIKE MARC HANNA ON WOLF OF WALL STREET BEFORE THE BELL!!!!! I LOVE U FREAKIN GUYS!!!!!😁🚀👍❤🧨🤑
So fun! Glad you like it! Please stay tuned, We post educational content everyday!