These are the trades I love involving Tape Reading on stocks in over sold areas! Good trader great tape reading skills and great Questions by Jeff. Questions that make the big difference! Nice one👍😊
When a stock is in an aggressive trend down, I would NEVER play the downside, there is little justification for a counter trend trade. Much easier to use put on the way down.
Great example gents and discussion. Those are crazy trades when the stock gets hammered with market buys and offers get bought up at hyper speed. The trader did well. What I would have done is simply going into the trade know that you have little to no time to hesitate. A fast $8 - $10 per share and I would have been out knowing that volatility can reverse at any moment. But if you lock in the profit, think "N" as in large sample size n, which means that the market will be there tomorrow and more opportunity will be available. Trying to ring out every last dime risks the easy profit.....Thanks. Kirby
I'm interested as to why we are using the 9EMA on 2m here to validate reversal. How are we defining entry and exit points? What's our criteria for oversold, when we negative earnings? Are we only saying this is oversold on extension, then tape to validate reversal?
Hey SMB, novice here. Is level 2 and time and sales worth reading when trading SPY? It has crazy volume plus lots of dark pool transactions not seen on level 2. Is level 2 a big waste of time when trading SPY?! Thanks SMB love your educational content!
waaaaaaaaaaay easier and more accurate way to find out when something is reversing without doing that. it dont matter if your in a bull or bear market. and honestly it can be done without any indicators. because something being in the oversold or overbought range definitely don't meant it's going to reverse.
It depends on the asset …… for small cap stock I agree ….. but for large cap stock using the 1 hour or 4 hour chart anything over the 70 rsi is definitely going to reverse…or pull back …. Same for the long side anything under the 24 Range will get some type of rally or bounce ……… I only trade tsla, aapl and spy fyi
@@qamarmood1157 lol nice try but you're wrong as well. It dont matter what security it is small, large, forex, penny stocks,.... all same thing. And those numbers are just oversold and overbought ranges. They dont tell you when something will reverse. You can often see stocks flat line in those numbers and continue to go in the same direction for an extended period of time.
These are THE BEST trading videos on RUclips, not even a close second.
Facts
Love love love hearing we are adding value to your trading and the trading community.
This is fantastic, thanks Brandon and Jeff! I love the detail of what to look for on the tape for the “turn”.
These are the trades I love involving
Tape Reading on stocks in over sold areas! Good trader great tape reading skills and great Questions by Jeff. Questions that make the big difference!
Nice one👍😊
I appreciate smbs timely videos ahead of changing market conditions
When a stock is in an aggressive trend down, I would NEVER play the downside, there is little justification for a counter trend trade. Much easier to use put on the way down.
Grat educational vid thanks gents
Great example gents and discussion. Those are crazy trades when the stock gets hammered with market buys and offers get bought up at hyper speed. The trader did well. What I would have done is simply going into the trade know that you have little to no time to hesitate. A fast $8 - $10 per share and I would have been out knowing that volatility can reverse at any moment. But if you lock in the profit, think "N" as in large sample size n, which means that the market will be there tomorrow and more opportunity will be available. Trying to ring out every last dime risks the easy profit.....Thanks. Kirby
Great job man
What platform is being used for the time and sales and level II data? Thanks, great video.
What broker is this? Lightspeed? Love the level 2. Unlike TOS, the color coding helps
I'm interested as to why we are using the 9EMA on 2m here to validate reversal.
How are we defining entry and exit points?
What's our criteria for oversold, when we negative earnings?
Are we only saying this is oversold on extension, then tape to validate reversal?
good question
Hey SMB, novice here. Is level 2 and time and sales worth reading when trading SPY? It has crazy volume plus lots of dark pool transactions not seen on level 2. Is level 2 a big waste of time when trading SPY?! Thanks SMB love your educational content!
Darkpool orders aren't meaningless, you can Gleem info from the prints. Just check the exchange codes, L2 without time and sales is basically useless
waaaaaaaaaaay easier and more accurate way to find out when something is reversing without doing that. it dont matter if your in a bull or bear market. and honestly it can be done without any indicators. because something being in the oversold or overbought range definitely don't meant it's going to reverse.
It depends on the asset …… for small cap stock I agree ….. but for large cap stock using the 1 hour or 4 hour chart anything over the 70 rsi is definitely going to reverse…or pull back …. Same for the long side anything under the 24 Range will get some type of rally or bounce ……… I only trade tsla, aapl and spy fyi
@@qamarmood1157 lol nice try but you're wrong as well. It dont matter what security it is small, large, forex, penny stocks,.... all same thing. And those numbers are just oversold and overbought ranges. They dont tell you when something will reverse. You can often see stocks flat line in those numbers and continue to go in the same direction for an extended period of time.
@@qamarmood1157 I agree with mda because the damn thing can stay bellow 20 rsi for longer than you have funds in your account before turning back.
This is Lance B's favorite trade.
how do you save all those videos from so long ago ?
Instead of reading the tape, can you get some of the same info, by just visually seeing how fast the candlesticks move?
No.
no
Idk why but i feel this channel was made to make you lose against them
This is NOT an A+ setup. If you study these, often times they will just continue on and blast through your stop. This is a B setup.