9/10 Brilliant video. The quiz really helps with learning the VCP setup. Many thanks for all the excellent work you have put into this - very much appreciated.
More of this... Brilliant. 9/10 learnt more in 3 days watching your vids than 6 months reading volumes of books and watching other videos claiming to be the best and utter nonsense. Another week and I will be putting my skills to the test. Brilliant!!!!!
I got 8/10. Brilliant content JC! I really enjoy the "repeatedness" of your content, I really do as it's the best to learn and master these concepts into your brain. Perhaps you could do these quizzes more often? As a monthly series or something, that would be great! Just an idea to engage more viewers. Keep it up mate with the excellent work!
TME - Volume over the structure seemed much choppier (no real decreasing "look" from left to right), and no RS dot. Was low volume before b.o. Perhaps this is more important than RS dot? Relative to the prior examples, I found this one marginal at best. (Just my observations). Thks! Excellent way to present the information!
Cool vid, thanks mate! One take away I got from this is, even if a person didnt get 10/10, but did have very high conviction about the ones they did nail, then that speaks volumes [excuse the pun]. And I will certainly be adding your RS to my screen. Very helpful tool that.
8/10. Incredible way to teach VCP concept. Just found your channel this week. It is absolutely very great channel. Thanks a lot for providing all the videos. They are all very helpful.
Well son of a gun, I learned something today! I've got two of Mark's books and didn't have a good understanding of the VCP. Now I believe that I do. Thank you!
I got 9/10. I repeatedly went thru your videos to study the VCP. Thank you for your excellent way of teaching. Hope to have more of these charts quiz often as possible. Thank you once again.
Thank you very much for your support. There is a Minervini playlist on my channel with more videos on this topic. Hope that helps and please subscribe if you can as I publish several videos a week.
okay... 6/10. But only one wrong would have hit my SL where I though its a setup but it was not. Among other wrongs, I would have missed the opportunities, so no loss of money. thanks for the great work on these quiz questions
8/10 for me. I was incorrect on numbers 2 and 9. 9 was a tricky one as the breakout came back and retested and then did nothing exceptional for a number of weeks more. The much clearer breakout point came closer to August
8 out of 10 because of the lower lows in RSI and 9 Because of the high volume day prior although I would have taken the pullback And more like this Jack :)
7/10 - enjoyed it. Got the 5th wrong due to low volume. 6th wrong due to higher supply volume and RS not on 52 weeks high. Also got the 9th wrong - supply volume just a day before breakout was above the average volume.
Excellent trading to especially for self analysis and education.. thank you so much... more test please... 7/10, unsure on 3 and made the wrong choice, but learned where I went wrong. thanks again
Great vid... really appreciate the education format by including a workthrough quiz. 8/10 for me. earned a sub.. going through your channel for the rest of the weekend ...cheers
Hi. This is my first time learning VCP. You mentioned about the `wave' analogy several times. I find this to be very surprising because I typically trade based on Elliott `Wave.' So here we have two different techniques that use the same analogy called `wave. '
@@JackCorsellis Yes. I well understand that it has nothing to do with Elliot Wave. Still I find it surprising two different techniques perceive price movement as waves. Interestingly enough, though, I did try to use Elliot Waves to answer your questions. Many - but not all - were correct .
I got 9/10... Very good content. Thanks for sharing What can we use as an alternative if the relative strength indicator is not applicable for the markets we trade? (not US stocks)
@@JackCorsellis the Volume on breakout in some of the cases was not that great...still the trade was a blast.. is it safe to go all-in in such cases where big candle with big volume is not noted?
Nice video and nice different approach with the test charts. I have one question. Where do yo buy the stock? With a stop order just above consolidation? Just above the previous high? or the day after the breakout? Thanks.
what happen if the chart im look at, has a very high fake out at the right side pivot point ( $5.56 with a long shadow on top ) , then it starts forming a VCP ( 3 HL now ) with a solid pivot point of ( $4) , should i move the pivot point to $5.56 or use the $4 point ??? the stock is SENS as of today
I have a 7, Question: Do you trade AFTER the breakout day or ON the breakout day. From MM, it seemed that he trade ON the breakout. Whereas the video here is that you will take a position AFTER the breakout?
Hi Jack.. Love the video but for whatever reason your RS line is coming up with an error in tradingview and is showing in the upper quadrant with price and doesn't display anything any longer. Can you provide some additional insight into what I may be doing wrong?
Difficult to say without seeing it. However, remove and re-add and make ensure that it is in its own pane within TradingView ie not in same one as price. Also, check what version of TradingView plan you have as perhaps you have hit your indicator limit
Jack thank you for the quick reply and moving it into the lower pane worked great! I really appreciate your help with this. Love the VCP videos!!! Well done!
hi Jack, thanks so much for the VCP guide and education on this topic. I tried this VCP pattern on stock HVT which recently had a high volume breakout on June 7th' 21, and new RS high and it followed quite a good VCP pattern, yet the stock fell after new high and declined over a few days consecutively. Could you enlighten what could i have gone wrong in my analysis ? many thanks !
@@JackCorsellis it fails ... MVT has now declined more than 10+% since the breakout from a VCP pattern and might even go lower... wonder i can do to avoid such stock in my trading..it has shaken off my confidence in VCP trades.. thanks.
1. I noticed that in all your videos u use the daily chart. Will this be effective on the weekly chart as well? 2. If the breakout candle has a 10% or more gain, can entry still be taken? I am unable to track markets during working hours hence all decisions will be after market hours.
1. I use multiple timeframes when analysing at stocks, but the daily chart is my 'execution timeframe'. Look for the patterns on the weekly and decide for yourself. Initial risk is usually increases the higher timeframe you go is something to think about. 2. For me that would be very extended.
Hi Jack, I would like to ask sth about your RS line. It seems to me that your RS line is just following the up and down of the price of that stock. How do we use it actually? is there a video about that?
![YoungBoy Never Broke Again - Sneaking [Official Video]](http://i.ytimg.com/vi/1ILUps2zDFU/mqdefault.jpg)
9/10 Brilliant video. The quiz really helps with learning the VCP setup. Many thanks for all the excellent work you have put into this - very much appreciated.
Hi George. Glad it helped. Thanks for your kind words and supporting this channel
9/10 - this content is incredible. Your teaching style is fantastic. Thankyou for consistently producing amazing content 👍
You're very welcome!
Got the following results
1) winner correct ✅
2) winner wrong ❌
3) looser correct ✅
4) winner correct ✅
5) winner correct ✅
6) looser wrong ❌
7) looser correct ✅
8) winner correct ✅
9) looser wrong ❌
10) winner correct ✅
Total got 7/10 great video buddy
7/10 is very good! Study the ones you got wrong to understand why and put rules in place so you can try not to make the same mistakes.
@@JackCorsellis sure thank you for your valuable guidance and feedback
More of this... Brilliant. 9/10 learnt more in 3 days watching your vids than 6 months reading volumes of books and watching other videos claiming to be the best and utter nonsense. Another week and I will be putting my skills to the test. Brilliant!!!!!
Thanks Steven, appreciate the positive feedback!
I got 8/10. Brilliant content JC! I really enjoy the "repeatedness" of your content, I really do as it's the best to learn and master these concepts into your brain. Perhaps you could do these quizzes more often? As a monthly series or something, that would be great! Just an idea to engage more viewers. Keep it up mate with the excellent work!
Thanks for the positive feedback Ivo. Yes will do more of these as the reaction has been great!
TME - Volume over the structure seemed much choppier (no real decreasing "look" from left to right), and no RS dot. Was low volume before b.o. Perhaps this is more important than RS dot? Relative to the prior examples, I found this one marginal at best. (Just my observations). Thks! Excellent way to present the information!
Sorry I missed this comment!
Cool vid, thanks mate!
One take away I got from this is, even if a person didnt get 10/10, but did have very high conviction about the ones they did nail, then that speaks volumes [excuse the pun].
And I will certainly be adding your RS to my screen. Very helpful tool that.
8/10. Incredible way to teach VCP concept. Just found your channel this week. It is absolutely very great channel. Thanks a lot for providing all the videos. They are all very helpful.
Thank you, Made - glad they help. JC
Thank you Jack. Appreciate your guidance.
i did poorly.
Watching the video 3 Rd time and completed mark minervini's book again.
this is how all technical analysis videos should be organised. Really eye opening and practical. Suscribed!
Welcome! JC
8 mate. I’m literally at 8 because of you. 🙏
Learning so much from you JC.
Also this was fun
Well done Anish, that's fantastic!
I got 10/10...after watching the video 5x😊
Thanks Jack.
Great job! Thanks for watching. 👍👏
Well son of a gun, I learned something today! I've got two of Mark's books and didn't have a good understanding of the VCP. Now I believe that I do. Thank you!
I got 9/10. I repeatedly went thru your videos to study the VCP. Thank you for your excellent way of teaching. Hope to have more of these charts quiz often as possible. Thank you once again.
One coming out tonight! JC
Excellent explanation of VCP characteristics - thank you.
Glad it was helpful! Thanks for watching
1st time watching, I am impressed with your presentation.
Thanks and welcome
9/10 caught me out on LL with the high volume day prior to the break out
Wow very informative. It's easier to understand with the demonstration of waves and tightening of towel.
More of this JC.
Love from the Philippines
Thank you very much for your support. There is a Minervini playlist on my channel with more videos on this topic. Hope that helps and please subscribe if you can as I publish several videos a week.
You did an excellent job both teaching and simplifying Mark M's strategy. I love the RS indicator and thank you for providing it~
Thank you, Dan. JC
Incredible explanation. You have dissected this concept, with surgical precision.
Thank you very much for your comments and for watching!
Man you´re an excellent professor!!
Thanks for watching, you might like some of the newer videos on the channel too!
Excellent examples
7/10. Great video. Thanks for breaking it down.
Great effort, Kurt. JC
One more quiz.... Learn a lot in few minutes
Thanks for a much better way of explaining the Mark’s volatility contraction count TS. Awesome video cheers
Glad you enjoyed it! Thanks for watching!
That is great, 10 out of 10... Please continue these type of Quiz videos.
8! Great video...I learnt a lot. Thanks!
Well done and thanks for the comment
Great video Jack..Thank You
Im 7 out of 10. Needs to improvise . Thanks for this video which truly provide a better understanding with chart
I like this quiz very much. Thanks!
Thanks, Jack. every example is very well explained... sealed in the concept of VCP.
7/10...
very helpful content.. do come up with such QUIZ-based videos..
Thankx a ton :)
Learned a lot from this video. Very good content.
Thank you! Glad it helped.
Love the quiz format Jack. And the repetition of optimal characteristics for the big winners! The Traders in your Premium community are topnotch!
You're one of them topnotch members Stuart!
Superb Video.......keep posting such stuff 👍
Great job, Jack
Thank you, Paul. JC
This is eye opener ....Love you, Thank you from India
You're most welcome. Thanks for your support! 🙏
10 out of 10. I have prior Wyckoff education to analyze
Awesome Jack thanks I got 9 out 10 #3 got me
Great effort, well done... I put a few in there to try and trick you!
okay... 6/10. But only one wrong would have hit my SL where I though its a setup but it was not. Among other wrongs, I would have missed the opportunities, so no loss of money. thanks for the great work on these quiz questions
You're welcome and well done! You may enjoy several of my newer videos too!
7/10 would love to see more of this type of learning
8/10 for me. I was incorrect on numbers 2 and 9.
9 was a tricky one as the breakout came back and retested and then did nothing exceptional for a number of weeks more. The much clearer breakout point came closer to August
Great effort, thank you for watching.
Jack, you are an excellent instructor. I really liked this type of explanation of the concept and then quiz through several examples. Very engaging.
Thank you, Paul. More on the way later this month. JC
8 for 10. Great concept to use for trading. Thanks
8 out of 10
because of the lower lows in RSI and 9 Because of the high volume day prior although I would have taken the pullback
And more like this Jack :)
7/10 - enjoyed it. Got the 5th wrong due to low volume. 6th wrong due to higher supply volume and RS not on 52 weeks high. Also got the 9th wrong - supply volume just a day before breakout was above the average volume.
Excellent trading to especially for self analysis and education.. thank you so much... more test please... 7/10, unsure on 3 and made the wrong choice, but learned where I went wrong. thanks again
Great score Rudy! JC
Must say fantastic explaination and great examples to get it absorbed for a new learner. Thank you very much 🙏🙏🙏
Great vid... really appreciate the education format by including a workthrough quiz. 8/10 for me.
earned a sub.. going through your channel for the rest of the weekend ...cheers
Very helpful video; 9/10. Thanks!!
Hi. This is my first time learning VCP. You mentioned about the `wave' analogy several times. I find this to be very surprising because I typically trade based on Elliott `Wave.' So here we have two different techniques that use the same analogy called `wave.
'
It has nothing to do with Elliott Waves. The price contractions look like 'waves'... it's a visual thing. JC
@@JackCorsellis Yes. I well understand that it has nothing to do with Elliot Wave. Still I find it surprising two different techniques perceive price movement as waves. Interestingly enough, though, I did try to use Elliot Waves to answer your questions. Many - but not all - were correct .
Very informative and helpful! Thank you!
8/10.. very informative. Thank you
Great effort! JC
Thanks Jack you are a great teacher
8/10,thank you so much brother ☺
First heard about VCP and got 10/10 waw!
I got 9/10... Very good content. Thanks for sharing
What can we use as an alternative if the relative strength indicator is not applicable for the markets we trade? (not US stocks)
An applicable index
7/10. Learned a lot from this, thanks!
Superb Content man
Thank you Madhurish. JC
Your content is too too good bro
U r just simply superb....sir
Thank you Pradip. JC
7/10 but didn’t catch any losers so fairly happy! Cheers Jack!
Way to go! Thanks for the comment
@@JackCorsellis the Volume on breakout in some of the cases was not that great...still the trade was a blast.. is it safe to go all-in in such cases where big candle with big volume is not noted?
So good thanks !
Thanks so much
Very good content
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Moving average length on volume should be 30 or 20 for weekly and daily ? Please clarify .
I use 30 day ma on volume. JC
7/10 bro...nice way of explanation
Glad you liked it. Thanks for watching!
Great video sir...
Thank you. JC
9 out of 10
Nice video and nice different approach with the test charts. I have one question. Where do yo buy the stock? With a stop order just above consolidation? Just above the previous high? or the day after the breakout? Thanks.
Search my channel for ultimate vcp guide that will explain. JC
Great video, thanks. 8/10
Thanks Timo, 8/10 is a great performance - well done
9/10 ! Great video thanks.
6 out of 10.
Jack, TME (stock 6) indicated a poor RS line; why did you choose it in spite of the RS line? Thank you, Jack!
Alexandru, because of a 'weight of evidence'. JC
thanks a lot...
Useful bro..
thank you I make 5\10 but if I do now next it will be 7/10
very much loved this quiz, mine is 7/10
thanks Jack
7/10- hope to master this VCP more.
Good effort. JC
Nice explanation. How do we set up the RS 52 week high on our chart? Thanks
Search my channel for relative strength indicator, there's a video. JC
Disappointing 7/10. Still a long way to go... Thank you for the great video!
Thanks for watching! Good effort 👍
what happen if the chart im look at, has a very high fake out at the right side pivot point ( $5.56 with a long shadow on top ) , then it starts forming a VCP ( 3 HL now ) with a solid pivot point of ( $4) , should i move the pivot point to $5.56 or use the $4 point ??? the stock is SENS as of today
Adapt. JC
my score 😍😍7/10 thanks bro
👍 Thank you for watching!
Kind request....Please share vcp's along with the fundamentals to look for in a stock... it would be very helpfull..
There is a recent Minervini VCP video on the channel, I think that will be helpful for you.
Is the RS line based on the SPY?
Yes it is but it can be configured within the indicator to use another index
I have a 7, Question: Do you trade AFTER the breakout day or ON the breakout day. From MM, it seemed that he trade ON the breakout. Whereas the video here is that you will take a position AFTER the breakout?
Each situation is unique. Have many tools, not just a hammer. JC
Excellent video. 😊
Thank you! 😃
9/10 good I believe
Hi Jack.. Love the video but for whatever reason your RS line is coming up with an error in tradingview and is showing in the upper quadrant with price and doesn't display anything any longer. Can you provide some additional insight into what I may be doing wrong?
Difficult to say without seeing it. However, remove and re-add and make ensure that it is in its own pane within TradingView ie not in same one as price. Also, check what version of TradingView plan you have as perhaps you have hit your indicator limit
Jack thank you for the quick reply and moving it into the lower pane worked great! I really appreciate your help with this. Love the VCP videos!!! Well done!
Thanks Jack! ! Well explained . Which software do you present this ? MarketSmith or tradeview.thanks
Thank you. This is TradingView. I have just recorded a video on how I set it up. See ruclips.net/video/Z8ovGRk6xc8/видео.html
Is there a way to build a scanner for this setup?
Yes, I have one on my website!
Would this also work on crypto
hi Jack, thanks so much for the VCP guide and education on this topic. I tried this VCP pattern on stock HVT which recently had a high volume breakout on June 7th' 21, and new RS high and it followed quite a good VCP pattern, yet the stock fell after new high and declined over a few days consecutively. Could you enlighten what could i have gone wrong in my analysis ? many thanks !
Currently a natural reaction. Stock prices fluctuate. JC
@@JackCorsellis it fails ... MVT has now declined more than 10+% since the breakout from a VCP pattern and might even go lower... wonder i can do to avoid such stock in my trading..it has shaken off my confidence in VCP trades.. thanks.
@@frh219 you think you're going to be right 100% of the time?
Fantastic video
Thank you Thirupathi. JC
1. I noticed that in all your videos u use the daily chart. Will this be effective on the weekly chart as well?
2. If the breakout candle has a 10% or more gain, can entry still be taken? I am unable to track markets during working hours hence all decisions will be after market hours.
1. I use multiple timeframes when analysing at stocks, but the daily chart is my 'execution timeframe'. Look for the patterns on the weekly and decide for yourself. Initial risk is usually increases the higher timeframe you go is something to think about.
2. For me that would be very extended.
Got 10/10... Although great content mate.
Well done and thank you. JC
Got 7/10 for first trial, got 8/10 a few days later .
Great effort Frankie! JC
Great information
Glad it was helpful! Thanks
Hi Jack, I would like to ask sth about your RS line. It seems to me that your RS line is just following the up and down of the price of that stock. How do we use it actually? is there a video about that?
Search relative strength on the channel