Very nice presentation Richard. As we get caught up in the day to day moves it is important to step back each week and look at the technicals from 30,000 ft. as that is where the big gains will be made.
Wow so insightful. Thank you so much. I've been wanting to get into weekly charts bc I feel they are longer waves which mean longer profits. Just didn't know how to read charts on the weekly. This is very useful 👍
@@RichardMoglen That is how you know you are a genius. You dont think you are. You are, Richard. There is something very special about you. Keep it going!
@@joshuancontrol it’s true. He only deals with top of the line people, the quality of every episode is extremely high, and he works so hard he just probably doesn’t realize it. That’s when you know somebody is gifted, others vouch for them.
Hey Richard, If I am in a market which has been stage 2 for a little while with most stocks already breaking out of bases some weeks ago, do you think late entries anywhere when price pulls back on a stage 2 uptrend above the 10 week average is okay? (As long as sell rules are respected)
@@RichardMoglen i understand that part Richard, 40WEMA may make more sense perhaps it equates to 200 DMA ,which is known in public perception that it's a relatively stronger stock which is above it ,than below the 200DMA, thankyou for your response.
When looking at the weekly how far back is your timeframe? On tradingview view it defaults to 5 years, but would you see a stocks stage by looking at the previous 1 or 2 years?
A lot of screens for techno-fundamentals are bringing up energy stocks. Looking at CHK, it has vcp near all time highs. Can breakouts on these energy stocks be trusted or will their cyclical nature bring them down?
Solid video, Rich, the key for me as an investor is patience and remaining long on quality investments. This is really the essence of Buffett investing or for that matter how Benjamin Graham taught him. I think these days everyone is investing with some get rich quick type of mindset that is actually killing their wealth opportunities...
The issue I have with using weekly charts is that the market moves so quickly these days and increases in price are so rapid so if you're using a weekly chart then by the time you get into the stock it's already extended. Any advice on this?
Have you tested the difference between the consistency of the 30 and 40 weekly moving averages? Right now I'm experimenting with the 30 as that's what stans book references but I see way to many people saying the 40 is better.
I'm not quite sure what you mean by streak. I've had months where I haven't traded well and finished red. My max drawdowns from peaks have been 10% or less
@@RichardMoglen oh yeah sorry i was thinking about the losing streaks of trades like consecutively. Anyway you have given a good answer. 10% drawdown from peak. Got it. Hope to see a detailed strategy of your defense system like scaling out of the market
Nailed it Richard. An introduction to trading that will be watched for years and years and years.
Very kind of you Bill!
Timestamps
0:00 Introdcution
2:28 My Background
4:04 Goals in the Market
6:38 Technical Analysis
10:45 Building a Chart Layout
13:40 Stage Analysis
18:24 Rules for sells
29:02 Buy Rules
33:00 IPO Primary Base Setup
40:00 QnA
Very nice presentation Richard. As we get caught up in the day to day moves it is important to step back each week and look at the technicals from 30,000 ft. as that is where the big gains will be made.
Thanks Jeff, even for day traders I think the longer term trend is critical
Wow so insightful. Thank you so much. I've been wanting to get into weekly charts bc I feel they are longer waves which mean longer profits. Just didn't know how to read charts on the weekly. This is very useful 👍
Richard rules. Best trader of all times in 20 years from now
Working hard to get there
Moglen looks like a young genius. Top Top quality channel.
Thanks for the kind words JS. Definitely no genius
@@RichardMoglen That is how you know you are a genius. You dont think you are. You are, Richard. There is something very special about you. Keep it going!
@@joshuancontrol it’s true. He only deals with top of the line people, the quality of every episode is extremely high, and he works so hard he just probably doesn’t realize it. That’s when you know somebody is gifted, others vouch for them.
@@JS-no7zq dont boost his ego, if he really is a genius, your compliment is a distraction.
Probably not a genius, but good character and excellent listening.
Brilliant presentation!
Excellent presentation! I have learned a lot. Thank you very much!
So glad you found it helpful Carmen!
This is amazing!!!!! 💪🏼💪🏼🔥🔥
Glad you think so!
Hey Richard, If I am in a market which has been stage 2 for a little while with most stocks already breaking out of bases some weeks ago, do you think late entries anywhere when price pulls back on a stage 2 uptrend above the 10 week average is okay? (As long as sell rules are respected)
Many thanks Richard!!!
You bet!
Awesome thanks you Richard and Chris.
Our pleasure!
@@RichardMoglen if possible please could you clear the air about 30WEMA vs 40WEMA , what's more accurate pls for Stage analysis .🙏
@@kayjc0975 the most important thing is price action, moving averages are simply reference points that help identify trends.
@@RichardMoglen i understand that part Richard, 40WEMA may make more sense perhaps it equates to 200 DMA ,which is known in public perception that it's a relatively stronger stock which is above it ,than below the 200DMA, thankyou for your response.
When looking at the weekly how far back is your timeframe? On tradingview view it defaults to 5 years, but would you see a stocks stage by looking at the previous 1 or 2 years?
1-2 years is the most relevant, you want to see what the current prevailing trend is
Awesome content.
A lot of screens for techno-fundamentals are bringing up energy stocks. Looking at CHK, it has vcp near all time highs. Can breakouts on these energy stocks be trusted or will their cyclical nature bring them down?
Energy stocks can do very well in the right environment. Many traders I've talked to prefer to buy them on pullbacks than breakouts tho
Solid video, Rich, the key for me as an investor is patience and remaining long on quality investments. This is really the essence of Buffett investing or for that matter how Benjamin Graham taught him. I think these days everyone is investing with some get rich quick type of mindset that is actually killing their wealth opportunities...
Richard, stan uses 30wma where as you mention 40wma. So which one should one use.
They will give similar signals, the way price action is building is most important
Stan has switched to the 200 dma these days
The issue I have with using weekly charts is that the market moves so quickly these days and increases in price are so rapid so if you're using a weekly chart then by the time you get into the stock it's already extended. Any advice on this?
You can look at the weekly chart for the setup and then use a daily chart for entries.
Have you tested the difference between the consistency of the 30 and 40 weekly moving averages? Right now I'm experimenting with the 30 as that's what stans book references but I see way to many people saying the 40 is better.
Stan is using both 30 week and 40 week
Just use 200 daily SMA
Many thanks!
You're welcome!
Amazing💯
Thanks 🔥
Thanks
Brillant
Thanks Seb!
Richard what was the longest losing streak you ever had?
I'm not quite sure what you mean by streak. I've had months where I haven't traded well and finished red. My max drawdowns from peaks have been 10% or less
@@RichardMoglen oh yeah sorry i was thinking about the losing streaks of trades like consecutively. Anyway you have given a good answer. 10% drawdown from peak. Got it. Hope to see a detailed strategy of your defense system like scaling out of the market
@@secretnobody6460 it’s really as simple as making sure I honor my sell signals and listen to the market for feedback.
Clark Daniel Davis George Hernandez Carol