Why Prior Highs and Lows are Essential for Day Trading 💥💸💥

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  • Опубликовано: 22 окт 2024

Комментарии • 31

  • @jle92708
    @jle92708 2 года назад +5

    This is very applicable to swing traders. We will take trades on breaks above previous day highs for indication of demand exceeding supply.

  • @RayJohnsonDJ
    @RayJohnsonDJ 2 года назад +5

    I also have high and low of the week on my chart too, awesome video as always.

  • @Gadasaa
    @Gadasaa 2 года назад +2

    Learning a lot from your tutorials. what timeframe is the best for intraday trading? For me, 5 minute candlestick seems to be more effective than 1 minute at predicating the direction.

  • @eleonorael2251
    @eleonorael2251 2 года назад +1

    Mark, you know what I think: you are the greatest teacher I ever met..well, make for me and for those Like me that video about how the lif's events influence US in trading....tilll now what I asked about: intuition and the lack of confidence got a HUGE response in other people

    • @MrAcSP
      @MrAcSP 2 года назад

      What teachings from him influenced your trading the most? I am using yesterday’s high and low when trading gold. Narrow range breakouts a la Toby Crabel at yesterdays high/low. And a mean reversion type of trading when on strong momentum a breakout happens at yesterdays high/low during US-Session only. Regards from Germany

    • @eleonorael2251
      @eleonorael2251 2 года назад +1

      @@MrAcSP He gave a structure to my trading ...I was lost and confused as a beginner in the sea of information, he has the talent to summarise the information in a few minutes or in a few points (I rarely can stand 2 hours explanation, it's irritating , he has matimathition kind of thinking like I do) also there is answer almost to any problem beginners ever met in trading between his videos, it's enought to make a decent research in over of 1000 of his videos

  • @ShutupPavs
    @ShutupPavs 2 года назад +6

    Loved this! All my charts have previous day high and low.

  • @axelhippocrate1619
    @axelhippocrate1619 2 года назад +2

    Prior Highs and lows work so well on Tesla when you fade.

  • @remember1536
    @remember1536 Год назад

    Knowing how much money it's actually takes to move the market will make see that no single person can actually move the market but institutios can df

  • @tayiwohngongho2164
    @tayiwohngongho2164 2 года назад

    Hello, I am very very excited to place my first trade using this strategy, I would greatly appreciate if you give me the time (in UK time) the daily candle closes

  • @caroline9658
    @caroline9658 2 года назад +1

    Truly grateful for all the knowledge you share. Sending lots of blessings!

  • @k.sagzee1214
    @k.sagzee1214 2 года назад +1

    From a swing trading perspective, which highs/lows are better, daily, weekly or monthly? Thansk

  • @JamieIsInvesting
    @JamieIsInvesting Месяц назад

    Insightful. Great job.

  • @etomedo888
    @etomedo888 5 месяцев назад

    Thanks so much for your clear explanation.

  • @MartinJG100
    @MartinJG100 2 года назад +1

    2:15. Yep. Remember the guy who deliberately paid the highest price for crude when it was touching all time highs a few years back so that he could proudly hang the certificate on his wall :).

  • @MA-bm2qs
    @MA-bm2qs 2 года назад +1

    they are so important for brokerage than retailer, :-)

  • @laurenth7187
    @laurenth7187 2 года назад

    I always wonder why trader David Paul was loving the ema(89) so much.... yeah. EMA(89), the only one he used. Anyway, leaving all indicators as default is not good, as Pring says, 14 period is only justified if you are trading on 2 weeks loop back.

    • @MrAcSP
      @MrAcSP 2 года назад

      That’s not true, he is also using 21 and 55 EMA on the Daily. He is trading pullbacks on a strong market with great fundamentals.

    • @laurenth7187
      @laurenth7187 2 года назад

      @@MrAcSP Ok, maybe, but he was using this unusual ema. I wonder what he's doing now, he was an very interesting trader, and teacher.

  • @laurenth7187
    @laurenth7187 2 года назад

    So, what about yesterday's EURUSD business ? who cached the move ? Anyway, i noticed the day was weak, we had a strong down move prior to the news, the CPI, and core CPI. But so, my mistake came later, as the pull back went so high, and at each level i was selling, but it went higher so i was surprised and caught of guard. We had to wait the US opening session i understand, for going down, ok but at this time i was completely lost already, because, i watched 1&2 minute chart and anyway, the price action had all my attention so that i didn't watch any indicator anymore... and then i had to leave the computer at 16h of course the most important moment ! what a mess !

  • @ukspreadbetting
    @ukspreadbetting  2 года назад

    👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95
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  • @brewmaster0507
    @brewmaster0507 2 года назад

    Thank you for these videos.

  • @elly-8364
    @elly-8364 2 года назад

    Listen , guys, I am stuck in the problems, I mean Life problems, I am having problems everywhere: with the owner of this home, with the new destination, with those who had to move me there...There is a thing: I DON'T SEE THE MARKET IN THIS STATE....but even less: it began to be like the last winter: being in problems, I can't take a risk....SO....how may times more I have to ask Mark and you to make a decent video about how our outside life is influencing us in trading???...Because that really does count!---I mean I am again in that state: I go out to make a grossery or other commission, and every time it's 200 EUROS, but I am again freezing only to risk 100 USD...do you understand??? It's psychological!

    • @ukspreadbetting
      @ukspreadbetting  2 года назад +1

      I'm sending your feedback to Mark as a suggestion for future material. I think I do understand what you're saying. But trading is all about risk-taking so if you can't really afford to 'lose' the money you would be better off taking a long break and not trading at all.

  • @njerij2773
    @njerij2773 Год назад

    Thank you.

  • @Bethethird
    @Bethethird 2 года назад

    Thank you!

  • @AshishSingh-op2ul
    @AshishSingh-op2ul 2 года назад +1

    Yeah, Good one

  • @wolfie8748
    @wolfie8748 2 года назад

    very important

  • @kssmm123
    @kssmm123 Месяц назад

    He sounds like a tradingview commentor

  • @kamallalchandani8274
    @kamallalchandani8274 11 месяцев назад

    Hi