{"id":50191,"date":"2020-10-08T09:52:28","date_gmt":"2020-10-08T13:52:28","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=50191"},"modified":"2020-10-08T09:52:28","modified_gmt":"2020-10-08T13:52:28","slug":"spotting-when-others-traders-are-screwed","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/spotting-when-others-traders-are-screwed","title":{"rendered":"Spotting when others traders are screwed"},"content":{"rendered":"

In this video, learn how to spot when other traders are screwed to tee up great trading opportunities for you. A junior trader spots a failed technical breakdown that screwed other traders and sparked a terrific trade for him. Let\u2019s get to work on sharing these important trading lessons so you can grow your trading account.<\/p>\nView Video Transcript<\/strong><\/span>

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in this video learn how to spot when<\/div>\n<\/div>\n<\/div>\n
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other traders are screwed<\/div>\n<\/div>\n<\/div>\n
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to tee up great opportunities for you<\/div>\n<\/div>\n<\/div>\n
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hi i’m mike bella fury co-founder of smb<\/div>\n<\/div>\n<\/div>\n
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capital and we’re a proprietary trading<\/div>\n<\/div>\n<\/div>\n
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firm<\/div>\n<\/div>\n<\/div>\n
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located in midtown manhattan and i’m<\/div>\n<\/div>\n<\/div>\n
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also the author of the trading classic<\/div>\n<\/div>\n<\/div>\n
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one good trade<\/div>\n<\/div>\n<\/div>\n
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and the playbook in this video a junior<\/div>\n<\/div>\n<\/div>\n
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trader spots<\/div>\n<\/div>\n<\/div>\n
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a failed technical breakdown that<\/div>\n<\/div>\n<\/div>\n
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screwed other traders<\/div>\n<\/div>\n<\/div>\n
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and sparked a terrific trade for him<\/div>\n<\/div>\n<\/div>\n
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let’s get to work on sharing these<\/div>\n<\/div>\n<\/div>\n
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important trading lessons so<\/div>\n<\/div>\n<\/div>\n
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you can grow your trading account<\/div>\n<\/div>\n<\/div>\n
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so this is a trade i took on nike<\/div>\n<\/div>\n<\/div>\n
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following their earnings release<\/div>\n<\/div>\n<\/div>\n
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this is a little different than the<\/div>\n<\/div>\n<\/div>\n
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trade we previously covered for the<\/div>\n<\/div>\n<\/div>\n
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opening drive short<\/div>\n<\/div>\n<\/div>\n
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this is a midday reversal of the<\/div>\n<\/div>\n<\/div>\n
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downtrend<\/div>\n<\/div>\n<\/div>\n
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and i wanted to capitalize on the long<\/div>\n<\/div>\n<\/div>\n
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side opportunity<\/div>\n<\/div>\n<\/div>\n
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in the the trade setups i used was a<\/div>\n<\/div>\n<\/div>\n
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high day<\/div>\n<\/div>\n<\/div>\n
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as well as an earnings anchored vwop<\/div>\n<\/div>\n<\/div>\n
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reclaim<\/div>\n<\/div>\n<\/div>\n
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and then above that level is just a<\/div>\n<\/div>\n<\/div>\n
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simple wedge breakout pattern<\/div>\n<\/div>\n<\/div>\n
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all right so i’ll quickly go over their<\/div>\n<\/div>\n<\/div>\n
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earnings release this was<\/div>\n<\/div>\n<\/div>\n
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a blowout earnings i had put all the um<\/div>\n<\/div>\n<\/div>\n
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kind of the strongest stats in bold<\/div>\n<\/div>\n<\/div>\n
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and you can see their eps was a huge<\/div>\n<\/div>\n<\/div>\n
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beat<\/div>\n<\/div>\n<\/div>\n
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95 cents versus 47.<\/div>\n<\/div>\n<\/div>\n
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uh their revenue was a pretty strong<\/div>\n<\/div>\n<\/div>\n
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beat<\/div>\n<\/div>\n<\/div>\n
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a little over a billion and then the key<\/div>\n<\/div>\n<\/div>\n
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takeaways<\/div>\n<\/div>\n<\/div>\n
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was their online sales had an 82 percent<\/div>\n<\/div>\n<\/div>\n
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increase<\/div>\n<\/div>\n<\/div>\n
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and this is mostly due to the corona<\/div>\n<\/div>\n<\/div>\n
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virus pandemic<\/div>\n<\/div>\n<\/div>\n
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in a lot of their retail stores being<\/div>\n<\/div>\n<\/div>\n
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either shut down<\/div>\n<\/div>\n<\/div>\n
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or having like a drastic limit on the<\/div>\n<\/div>\n<\/div>\n
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number of customers that allowed to<\/div>\n<\/div>\n<\/div>\n
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enter and then a few of the other things<\/div>\n<\/div>\n<\/div>\n
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was<\/div>\n<\/div>\n<\/div>\n
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chinese revenue six percent increase and<\/div>\n<\/div>\n<\/div>\n
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then women’s apparel had a huge growth<\/div>\n<\/div>\n<\/div>\n
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of 200 percent<\/div>\n<\/div>\n<\/div>\n
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and then another interesting point was<\/div>\n<\/div>\n<\/div>\n
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for their fiscal outlook for 2021.<\/div>\n<\/div>\n<\/div>\n
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they uh had a pretty strong guidance<\/div>\n<\/div>\n<\/div>\n
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going in<\/div>\n<\/div>\n<\/div>\n
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while most of the competitors within<\/div>\n<\/div>\n<\/div>\n
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industry were avoiding guidance due to<\/div>\n<\/div>\n<\/div>\n
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all the<\/div>\n<\/div>\n<\/div>\n
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current uncertainty and then they also<\/div>\n<\/div>\n<\/div>\n
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had a really strong<\/div>\n<\/div>\n<\/div>\n
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outlook for the rest of 2020<\/div>\n<\/div>\n<\/div>\n
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for uh due to all like the holidays<\/div>\n<\/div>\n<\/div>\n
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christmas and uh<\/div>\n<\/div>\n<\/div>\n
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whoa right i mean whoa these earnings<\/div>\n<\/div>\n<\/div>\n
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are awesome<\/div>\n<\/div>\n<\/div>\n
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yeah and you’ll see by the the<\/div>\n<\/div>\n<\/div>\n
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pre-market chart this thing<\/div>\n<\/div>\n<\/div>\n
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just skyrocketed right when these<\/div>\n<\/div>\n<\/div>\n
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earnings were released<\/div>\n<\/div>\n<\/div>\n
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and then some of the alarming stats was<\/div>\n<\/div>\n<\/div>\n
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north american sales were down two<\/div>\n<\/div>\n<\/div>\n
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percent<\/div>\n<\/div>\n<\/div>\n
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this is their largest market so that’s a<\/div>\n<\/div>\n<\/div>\n
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pretty big shock<\/div>\n<\/div>\n<\/div>\n
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but i mean in comparison most of the<\/div>\n<\/div>\n<\/div>\n
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other<\/div>\n<\/div>\n<\/div>\n
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retailers their north american sales<\/div>\n<\/div>\n<\/div>\n
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were pretty horrible as well<\/div>\n<\/div>\n<\/div>\n
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so this is alarming but nothing uh too<\/div>\n<\/div>\n<\/div>\n
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fundamentally changing and then i<\/div>\n<\/div>\n<\/div>\n
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already mentioned they’re limiting the<\/div>\n<\/div>\n<\/div>\n
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storage of the customers<\/div>\n<\/div>\n<\/div>\n
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be good to know they decreased two<\/div>\n<\/div>\n<\/div>\n
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percent<\/div>\n<\/div>\n<\/div>\n
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what is that in comparison to other<\/div>\n<\/div>\n<\/div>\n
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competitors<\/div>\n<\/div>\n<\/div>\n
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yeah exactly i’m pretty sure uh but<\/div>\n<\/div>\n<\/div>\n
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these numbers these numbers are blowout<\/div>\n<\/div>\n<\/div>\n
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numbers<\/div>\n<\/div>\n<\/div>\n
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yeah especially online sales and even<\/div>\n<\/div>\n<\/div>\n
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women’s apparel this was kind of<\/div>\n<\/div>\n<\/div>\n
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hidden in their report which is<\/div>\n<\/div>\n<\/div>\n
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surprising but 200 increase<\/div>\n<\/div>\n<\/div>\n
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it’s i mean it’s around half of the<\/div>\n<\/div>\n<\/div>\n
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population in the world so i mean that’s<\/div>\n<\/div>\n<\/div>\n
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huge huge growth in that in that<\/div>\n<\/div>\n<\/div>\n
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category<\/div>\n<\/div>\n<\/div>\n
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if you want to learn three real world<\/div>\n<\/div>\n<\/div>\n
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setups that our traders use<\/div>\n<\/div>\n<\/div>\n
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including the simple setup that we teach<\/div>\n<\/div>\n<\/div>\n
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all of our new traders<\/div>\n<\/div>\n<\/div>\n
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and the setup that turned one of our<\/div>\n<\/div>\n<\/div>\n
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traders into a seven figure big money<\/div>\n<\/div>\n<\/div>\n
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earner<\/div>\n<\/div>\n<\/div>\n
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check out the free webinar that we’re<\/div>\n<\/div>\n<\/div>\n
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currently running just go ahead and<\/div>\n<\/div>\n<\/div>\n
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click the link that should be appearing<\/div>\n<\/div>\n<\/div>\n
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right now at the top right hand corner<\/div>\n<\/div>\n<\/div>\n
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of your screen<\/div>\n<\/div>\n<\/div>\n
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that’s going to open up this free<\/div>\n<\/div>\n<\/div>\n
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registration page in the new window<\/div>\n<\/div>\n<\/div>\n
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so don’t worry you’re not going to lose<\/div>\n<\/div>\n<\/div>\n
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this video you’re going to learn more<\/div>\n<\/div>\n<\/div>\n
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in a couple of hours from this trading<\/div>\n<\/div>\n<\/div>\n
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workshop than from<\/div>\n<\/div>\n<\/div>\n
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years of online education the first<\/div>\n<\/div>\n<\/div>\n
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thing i’m looking for is the anchored<\/div>\n<\/div>\n<\/div>\n
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vwops<\/div>\n<\/div>\n<\/div>\n
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so i want to see price consolidating<\/div>\n<\/div>\n<\/div>\n
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above<\/div>\n<\/div>\n<\/div>\n
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high of day anchored view op as well as<\/div>\n<\/div>\n<\/div>\n
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the high from the earnings release<\/div>\n<\/div>\n<\/div>\n
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and this is just kind of like a simple<\/div>\n<\/div>\n<\/div>\n
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line in the same that shows me<\/div>\n<\/div>\n<\/div>\n
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that most of the the average price a lot<\/div>\n<\/div>\n<\/div>\n
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of the short sellers they’re either<\/div>\n<\/div>\n<\/div>\n
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under water or they’re right at break<\/div>\n<\/div>\n<\/div>\n
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even<\/div>\n<\/div>\n<\/div>\n
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so that shows there’s a good opportunity<\/div>\n<\/div>\n<\/div>\n
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for more<\/div>\n<\/div>\n<\/div>\n
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continuation to the upside and then<\/div>\n<\/div>\n<\/div>\n
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after i see that a few kind of<\/div>\n<\/div>\n<\/div>\n
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categories i want to see is load day set<\/div>\n<\/div>\n<\/div>\n
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and then a pretty strong consolidation<\/div>\n<\/div>\n<\/div>\n
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you’ll see in this chart there’s around<\/div>\n<\/div>\n<\/div>\n
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an hour and a half of consolidation<\/div>\n<\/div>\n<\/div>\n
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after low day had been set<\/div>\n<\/div>\n<\/div>\n
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and so that that got me pretty<\/div>\n<\/div>\n<\/div>\n
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interested<\/div>\n<\/div>\n<\/div>\n
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and then what got me really interested<\/div>\n<\/div>\n<\/div>\n
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was when i saw this wedge pattern<\/div>\n<\/div>\n<\/div>\n
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forming<\/div>\n<\/div>\n<\/div>\n
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above my line in the sand which you’ll<\/div>\n<\/div>\n<\/div>\n
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see on the chart it was like 28<\/div>\n<\/div>\n<\/div>\n
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40 is just a super key level for the day<\/div>\n<\/div>\n<\/div>\n
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and that also kind of aligned with a lot<\/div>\n<\/div>\n<\/div>\n
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of the indicators i was looking at and<\/div>\n<\/div>\n<\/div>\n
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that was kind of my line in the sand<\/div>\n<\/div>\n<\/div>\n
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where i believe shorts are trapped<\/div>\n<\/div>\n<\/div>\n
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shorts are going to hit out and as well<\/div>\n<\/div>\n<\/div>\n
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as uh<\/div>\n<\/div>\n<\/div>\n
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bulls are going to be interested in that<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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and then for entries i want to enter as<\/div>\n<\/div>\n<\/div>\n
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close to the bottom of the consolidation<\/div>\n<\/div>\n<\/div>\n
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range as possible<\/div>\n<\/div>\n<\/div>\n
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kind of right around those anchored view<\/div>\n<\/div>\n<\/div>\n
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ops i was talking about and then just<\/div>\n<\/div>\n<\/div>\n
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for kind of like a technical entry<\/div>\n<\/div>\n<\/div>\n
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i like to see held bids as well as<\/div>\n<\/div>\n<\/div>\n
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pretty strong offers that are getting<\/div>\n<\/div>\n<\/div>\n
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decremented<\/div>\n<\/div>\n<\/div>\n
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right before the wedge breakout and this<\/div>\n<\/div>\n<\/div>\n
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was super clean on the tape that i can<\/div>\n<\/div>\n<\/div>\n
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go over<\/div>\n<\/div>\n<\/div>\n
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and then risk is the previous swing low<\/div>\n<\/div>\n<\/div>\n
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or break out of the consolidation range<\/div>\n<\/div>\n<\/div>\n
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so<\/div>\n<\/div>\n<\/div>\n
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hard stop is the swing low and then kind<\/div>\n<\/div>\n<\/div>\n
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of my fingers are on the hot keys<\/div>\n<\/div>\n<\/div>\n
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ready to hit out if i see this<\/div>\n<\/div>\n<\/div>\n
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consolidation<\/div>\n<\/div>\n<\/div>\n
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getting broken down how are you going to<\/div>\n<\/div>\n<\/div>\n
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define anchored view op<\/div>\n<\/div>\n<\/div>\n
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here i’ll actually i i go into good<\/div>\n<\/div>\n<\/div>\n
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amount of detail in the next uh<\/div>\n<\/div>\n<\/div>\n
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right after this sorry to cut in i’ll<\/div>\n<\/div>\n<\/div>\n
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just be quiet now<\/div>\n<\/div>\n<\/div>\n
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no worries but uh so this was nike the<\/div>\n<\/div>\n<\/div>\n
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previous day<\/div>\n<\/div>\n<\/div>\n
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and i i traded this the previous day for<\/div>\n<\/div>\n<\/div>\n
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this wedge breakout so i was pretty<\/div>\n<\/div>\n<\/div>\n
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comfortable<\/div>\n<\/div>\n<\/div>\n
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with the with the ticker how it trades<\/div>\n<\/div>\n<\/div>\n
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and it was really strong previous day i<\/div>\n<\/div>\n<\/div>\n
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don’t have it all the way to the close<\/div>\n<\/div>\n<\/div>\n
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but it ended up closing at high of day<\/div>\n<\/div>\n<\/div>\n
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and then when earnings came out<\/div>\n<\/div>\n<\/div>\n
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it was a blowout and then overall market<\/div>\n<\/div>\n<\/div>\n
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spy this is following a pretty steep<\/div>\n<\/div>\n<\/div>\n
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downtrend day<\/div>\n<\/div>\n<\/div>\n
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but then two days prior we had put in a<\/div>\n<\/div>\n<\/div>\n
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low<\/div>\n<\/div>\n<\/div>\n
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nice little consolidation then we got a<\/div>\n<\/div>\n<\/div>\n
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consolidation abrupt above<\/div>\n<\/div>\n<\/div>\n
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break out of this little trend and then<\/div>\n<\/div>\n<\/div>\n
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prior to the trade uh there’s a pretty<\/div>\n<\/div>\n<\/div>\n
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steep sell-off in the market<\/div>\n<\/div>\n<\/div>\n
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but buyers started to get interested at<\/div>\n<\/div>\n<\/div>\n
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this higher low so that kind of added<\/div>\n<\/div>\n<\/div>\n
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to my trade as well for a little quick<\/div>\n<\/div>\n<\/div>\n
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reversal trade<\/div>\n<\/div>\n<\/div>\n
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and then this is the price action of the<\/div>\n<\/div>\n<\/div>\n
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earnings release<\/div>\n<\/div>\n<\/div>\n
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and you can see by those numbers i was<\/div>\n<\/div>\n<\/div>\n
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talking about earlier the market just<\/div>\n<\/div>\n<\/div>\n
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love this<\/div>\n<\/div>\n<\/div>\n
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around a 17 point b<\/div>\n<\/div>\n<\/div>\n
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17 50 cent beat which is a huge bead for<\/div>\n<\/div>\n<\/div>\n
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a stock like this<\/div>\n<\/div>\n<\/div>\n
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and then going into this was a pretty<\/div>\n<\/div>\n<\/div>\n
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key range we were all watching in the<\/div>\n<\/div>\n<\/div>\n
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morning<\/div>\n<\/div>\n<\/div>\n
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this really tight consolidation at<\/div>\n<\/div>\n<\/div>\n
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all-time highs<\/div>\n<\/div>\n<\/div>\n
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and this is what got a lot of uh people<\/div>\n<\/div>\n<\/div>\n
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interested on the<\/div>\n<\/div>\n<\/div>\n
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opening drive short kind of the<\/div>\n<\/div>\n<\/div>\n
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breakdown of this consolidation<\/div>\n<\/div>\n<\/div>\n
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but most of our game plans in the<\/div>\n<\/div>\n<\/div>\n
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morning surrounded this<\/div>\n<\/div>\n<\/div>\n
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128 level 126 level which<\/div>\n<\/div>\n<\/div>\n
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correlated with this pre-market<\/div>\n<\/div>\n<\/div>\n
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consolidation<\/div>\n<\/div>\n<\/div>\n
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i wasn’t really too interested in buying<\/div>\n<\/div>\n<\/div>\n
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at these 130s<\/div>\n<\/div>\n<\/div>\n
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131 levels i was more interested for a<\/div>\n<\/div>\n<\/div>\n
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poll in trade<\/div>\n<\/div>\n<\/div>\n
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a nice consolidation and a breakout<\/div>\n<\/div>\n<\/div>\n
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which ended up working pretty well<\/div>\n<\/div>\n<\/div>\n
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and then this goes to my anchored v waps<\/div>\n<\/div>\n<\/div>\n
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that you touched on earlier<\/div>\n<\/div>\n<\/div>\n
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so i have one i don’t have the data<\/div>\n<\/div>\n<\/div>\n
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previously but this anchored view out<\/div>\n<\/div>\n<\/div>\n
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from over here is anchored from the<\/div>\n<\/div>\n<\/div>\n
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earnings release high<\/div>\n<\/div>\n<\/div>\n
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and then i also have another anchor view<\/div>\n<\/div>\n<\/div>\n
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op essentially at<\/div>\n<\/div>\n<\/div>\n
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hive day which is this is right before<\/div>\n<\/div>\n<\/div>\n
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the market opened<\/div>\n<\/div>\n<\/div>\n
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so these are my two gauges to see<\/div>\n<\/div>\n<\/div>\n
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kind of when short sellers are going to<\/div>\n<\/div>\n<\/div>\n
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be underwater<\/div>\n<\/div>\n<\/div>\n
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and so you can see most of these pull<\/div>\n<\/div>\n<\/div>\n
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ins to the height they anchored you up<\/div>\n<\/div>\n<\/div>\n
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or rejected<\/div>\n<\/div>\n<\/div>\n
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rejected rejected let’s think through<\/div>\n<\/div>\n<\/div>\n
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that so<\/div>\n<\/div>\n<\/div>\n
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you could have done anchored view up<\/div>\n<\/div>\n<\/div>\n
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in a from a lot of different times<\/div>\n<\/div>\n<\/div>\n
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you could have done it from<\/div>\n<\/div>\n<\/div>\n
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uh after the earnings release you could<\/div>\n<\/div>\n<\/div>\n
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have done it from<\/div>\n<\/div>\n<\/div>\n
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uh when we started opening when we<\/div>\n<\/div>\n<\/div>\n
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started trading<\/div>\n<\/div>\n<\/div>\n
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uh walk me through how why you’re using<\/div>\n<\/div>\n<\/div>\n
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the<\/div>\n<\/div>\n<\/div>\n
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high there for anchored view up like<\/div>\n<\/div>\n<\/div>\n
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anchored view op typically works<\/div>\n<\/div>\n<\/div>\n
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the best around news events so i always<\/div>\n<\/div>\n<\/div>\n
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will put one at the earnings release<\/div>\n<\/div>\n<\/div>\n
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high which is anchored yes you can see i<\/div>\n<\/div>\n<\/div>\n
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have an anchorage right here<\/div>\n<\/div>\n<\/div>\n
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because that’s kind of the blow off top<\/div>\n<\/div>\n<\/div>\n
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and that’s showing where most of the<\/div>\n<\/div>\n<\/div>\n
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volume has been done<\/div>\n<\/div>\n<\/div>\n
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and that’s also kind of shows me the<\/div>\n<\/div>\n<\/div>\n
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best possible<\/div>\n<\/div>\n<\/div>\n
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price the short sellers have so like the<\/div>\n<\/div>\n<\/div>\n
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premise of<\/div>\n<\/div>\n<\/div>\n
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angry bewop it’s volume weighted average<\/div>\n<\/div>\n<\/div>\n
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price<\/div>\n<\/div>\n<\/div>\n
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so i want to anchor it from the high of<\/div>\n<\/div>\n<\/div>\n
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day if i want to get<\/div>\n<\/div>\n<\/div>\n
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flip bullish i want to see price above<\/div>\n<\/div>\n<\/div>\n
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this<\/div>\n<\/div>\n<\/div>\n
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because that’s pretty much showing me<\/div>\n<\/div>\n<\/div>\n
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the line where the best possible<\/div>\n<\/div>\n<\/div>\n
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uh price is for short sellers when was<\/div>\n<\/div>\n<\/div>\n
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that put in what time of day is that put<\/div>\n<\/div>\n<\/div>\n
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in<\/div>\n<\/div>\n<\/div>\n
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the high so this is uh<\/div>\n<\/div>\n<\/div>\n
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around 9 20 yeah like 9<\/div>\n<\/div>\n<\/div>\n
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20 on the dot so about 10 minutes before<\/div>\n<\/div>\n<\/div>\n
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the open<\/div>\n<\/div>\n<\/div>\n
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and then this previous anchored view op<\/div>\n<\/div>\n<\/div>\n
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from the earnings release high was from<\/div>\n<\/div>\n<\/div>\n
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the previous day<\/div>\n<\/div>\n<\/div>\n
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uh before the market closed i don’t have<\/div>\n<\/div>\n<\/div>\n
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the time on here but i would assume<\/div>\n<\/div>\n<\/div>\n
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around like 6 p.m eastern<\/div>\n<\/div>\n<\/div>\n
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that’s good and what do you think about<\/div>\n<\/div>\n<\/div>\n
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the fact<\/div>\n<\/div>\n<\/div>\n
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that we hadn’t opened yet there had been<\/div>\n<\/div>\n<\/div>\n
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a ton of volume yet<\/div>\n<\/div>\n<\/div>\n
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as much volume as could be done<\/div>\n<\/div>\n<\/div>\n
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how are you thinking through that you’re<\/div>\n<\/div>\n<\/div>\n
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still in pre-market trading<\/div>\n<\/div>\n<\/div>\n
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pre-market trading is still going to<\/div>\n<\/div>\n<\/div>\n
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have a little bit less volume<\/div>\n<\/div>\n<\/div>\n
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\n
that is a really good point is with uh<\/div>\n<\/div>\n<\/div>\n
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this indicator being based all around<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume you can see these volume bars<\/div>\n<\/div>\n<\/div>\n
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and after hours are nothing compared to<\/div>\n<\/div>\n<\/div>\n
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the open<\/div>\n<\/div>\n<\/div>\n
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so this is going to be skewed a good<\/div>\n<\/div>\n<\/div>\n
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amount<\/div>\n<\/div>\n<\/div>\n
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and carrying it in a low volume time of<\/div>\n<\/div>\n<\/div>\n
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day compared to if i were to just anchor<\/div>\n<\/div>\n<\/div>\n
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it right when this volume came in<\/div>\n<\/div>\n<\/div>\n
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\n
but i actually did have it anchored<\/div>\n<\/div>\n<\/div>\n
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right around this and it’s pretty much<\/div>\n<\/div>\n<\/div>\n
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\n
uh the same the same kind of price zone<\/div>\n<\/div>\n<\/div>\n
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in between<\/div>\n<\/div>\n<\/div>\n
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right around this range so i typically<\/div>\n<\/div>\n<\/div>\n
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like to anchor it around<\/div>\n<\/div>\n<\/div>\n
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high volume nodes not essentially<\/div>\n<\/div>\n<\/div>\n
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pre-market<\/div>\n<\/div>\n<\/div>\n
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since there’s lack of volume and it’s<\/div>\n<\/div>\n<\/div>\n
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\n
gonna totally throw<\/div>\n<\/div>\n<\/div>\n
\n
\n
off the calculation but uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
for this there’s still a good amount of<\/div>\n<\/div>\n<\/div>\n
\n
\n
volume in the pre-market nothing<\/div>\n<\/div>\n<\/div>\n
\n
\n
compared to the open<\/div>\n<\/div>\n<\/div>\n
\n
\n
but it was still a pretty good just kind<\/div>\n<\/div>\n<\/div>\n
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of<\/div>\n<\/div>\n<\/div>\n
\n
\n
visual aid to see where the trend is<\/div>\n<\/div>\n<\/div>\n
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\n
going<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh when the trend to the downside is<\/div>\n<\/div>\n<\/div>\n
\n
\n
over<\/div>\n<\/div>\n<\/div>\n
\n
\n
after using some of these anchored view<\/div>\n<\/div>\n<\/div>\n
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\n
ops for visual aid<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is exactly what i was looking for<\/div>\n<\/div>\n<\/div>\n
\n
\n
so we came in<\/div>\n<\/div>\n<\/div>\n
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\n
right into this pre-market support you<\/div>\n<\/div>\n<\/div>\n
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can flip over<\/div>\n<\/div>\n<\/div>\n
\n
\n
this uh 126 23 was a swing low of this<\/div>\n<\/div>\n<\/div>\n
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\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
as well as a i mean pretty strong level<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market and that’s ending<\/div>\n<\/div>\n<\/div>\n
\n
\n
that ended up being low day at the time<\/div>\n<\/div>\n<\/div>\n
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of my trade<\/div>\n<\/div>\n<\/div>\n
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\n
so he came in tagged it once tagged it<\/div>\n<\/div>\n<\/div>\n
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as well that shows me buyers are pretty<\/div>\n<\/div>\n<\/div>\n
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pretty interested and 126 was a key<\/div>\n<\/div>\n<\/div>\n
\n
\n
level for a lot of us for a polling<\/div>\n<\/div>\n<\/div>\n
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\n
trade<\/div>\n<\/div>\n<\/div>\n
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\n
and then so after i saw this<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation for about two hours<\/div>\n<\/div>\n<\/div>\n
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\n
above 126 we saw a little wedge breakout<\/div>\n<\/div>\n<\/div>\n
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pattern<\/div>\n<\/div>\n<\/div>\n
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and then we saw buyers step in higher so<\/div>\n<\/div>\n<\/div>\n
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this was the key<\/div>\n<\/div>\n<\/div>\n
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the key point that got me interested in<\/div>\n<\/div>\n<\/div>\n
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the trade we saw a breakout<\/div>\n<\/div>\n<\/div>\n
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\n
but it didn’t fail didn’t come right<\/div>\n<\/div>\n<\/div>\n
\n
\n
back to 26 and consolidate i wasn’t<\/div>\n<\/div>\n<\/div>\n
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\n
as interested at this 126 level i got<\/div>\n<\/div>\n<\/div>\n
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really interested after we had this<\/div>\n<\/div>\n<\/div>\n
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breakout<\/div>\n<\/div>\n<\/div>\n
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\n
and then we started holding above this<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market support resistance level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it shows we tagged it three times in<\/div>\n<\/div>\n<\/div>\n
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the buyers one drop whenever it<\/div>\n<\/div>\n<\/div>\n
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\n
came down the buyers got more interested<\/div>\n<\/div>\n<\/div>\n
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\n
and started buying it at higher prices<\/div>\n<\/div>\n<\/div>\n
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\n
so i didn’t want to get involved<\/div>\n<\/div>\n<\/div>\n
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although these<\/div>\n<\/div>\n<\/div>\n
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would have been some fairly good entries<\/div>\n<\/div>\n<\/div>\n
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i just couldn’t really spot<\/div>\n<\/div>\n<\/div>\n
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out the risk reward it was still a<\/div>\n<\/div>\n<\/div>\n
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\n
little iffy the market was super weak<\/div>\n<\/div>\n<\/div>\n
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this day<\/div>\n<\/div>\n<\/div>\n
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so i wanted to wait for that extra<\/div>\n<\/div>\n<\/div>\n
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confirmation of price regaining<\/div>\n<\/div>\n<\/div>\n
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\n
anchored vwop and this also aligns<\/div>\n<\/div>\n<\/div>\n
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\n
perfectly with this 128 40 level<\/div>\n<\/div>\n<\/div>\n
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\n
which was a really key level line in the<\/div>\n<\/div>\n<\/div>\n
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sand for me<\/div>\n<\/div>\n<\/div>\n
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\n
you can see it was the initial price<\/div>\n<\/div>\n<\/div>\n
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that buyers started to step in<\/div>\n<\/div>\n<\/div>\n
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\n
dropped out and then it acted as<\/div>\n<\/div>\n<\/div>\n
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\n
resistance for about two hours<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then we finally got this big volume<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakout over the level<\/div>\n<\/div>\n<\/div>\n
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\n
and we started to cleanly hold it so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
look i like how you’re using anchored<\/div>\n<\/div>\n<\/div>\n
\n
\n
view up<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a very useful measurement<\/div>\n<\/div>\n<\/div>\n
\n
\n
brian shannon does excellent work with<\/div>\n<\/div>\n<\/div>\n
\n
\n
anchored v-wap<\/div>\n<\/div>\n<\/div>\n
\n
\n
love how you’re using that but anchored<\/div>\n<\/div>\n<\/div>\n
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\n
view op is just a technical indicator<\/div>\n<\/div>\n<\/div>\n
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\n
right<\/div>\n<\/div>\n<\/div>\n
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\n
yeah and so you’re basically saying i’m<\/div>\n<\/div>\n<\/div>\n
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\n
making a technical trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah exactly and you’re saying i’m using<\/div>\n<\/div>\n<\/div>\n
\n
\n
this technical indicator anchored view<\/div>\n<\/div>\n<\/div>\n
\n
\n
up<\/div>\n<\/div>\n<\/div>\n
\n
\n
you know when i look at this i i like<\/div>\n<\/div>\n<\/div>\n
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\n
the long there<\/div>\n<\/div>\n<\/div>\n
\n
\n
using the anchored v wap but but<\/div>\n<\/div>\n<\/div>\n
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\n
but but well what am i going to ask next<\/div>\n<\/div>\n<\/div>\n
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\n
what am i going to pose to you next<\/div>\n<\/div>\n<\/div>\n
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\n
uh like where’s my defined risk what<\/div>\n<\/div>\n<\/div>\n
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\n
happens no<\/div>\n<\/div>\n<\/div>\n
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\n
no i mean no i’m uh<\/div>\n<\/div>\n<\/div>\n
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\n
you’re making a technical trade you’re<\/div>\n<\/div>\n<\/div>\n
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\n
using a technical indicator<\/div>\n<\/div>\n<\/div>\n
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\n
okay and so that part is as good for a<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular trade<\/div>\n<\/div>\n<\/div>\n
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\n
but is that<\/div>\n<\/div>\n<\/div>\n
\n
\n
the only technical trade you can make is<\/div>\n<\/div>\n<\/div>\n
\n
\n
that the best technical trade you could<\/div>\n<\/div>\n<\/div>\n
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\n
make<\/div>\n<\/div>\n<\/div>\n
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\n
particularly in something that has<\/div>\n<\/div>\n<\/div>\n
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\n
really good earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
or are there other technical trades that<\/div>\n<\/div>\n<\/div>\n
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\n
are better and you want to be thinking<\/div>\n<\/div>\n<\/div>\n
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about as well particularly in a blowout<\/div>\n<\/div>\n<\/div>\n
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\n
earnings stock particularly in a really<\/div>\n<\/div>\n<\/div>\n
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\n
strong market<\/div>\n<\/div>\n<\/div>\n
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\n
market yeah exactly so<\/div>\n<\/div>\n<\/div>\n
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\n
i i really don’t put too much emphasis<\/div>\n<\/div>\n<\/div>\n
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on anchored view up<\/div>\n<\/div>\n<\/div>\n
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\n
it’s more of just like a visual aid for<\/div>\n<\/div>\n<\/div>\n
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\n
me<\/div>\n<\/div>\n<\/div>\n
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\n
and it i really only use it when it<\/div>\n<\/div>\n<\/div>\n
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\n
aligns<\/div>\n<\/div>\n<\/div>\n
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\n
with so 128 40 was the level i was<\/div>\n<\/div>\n<\/div>\n
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\n
looking at<\/div>\n<\/div>\n<\/div>\n
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like without even anchored view up there<\/div>\n<\/div>\n<\/div>\n
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that that’s going to be my level<\/div>\n<\/div>\n<\/div>\n
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\n
it just adds more confidence for me when<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll just say this and we can move on<\/div>\n<\/div>\n<\/div>\n
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\n
but i’ve done this for a long time the<\/div>\n<\/div>\n<\/div>\n
\n
\n
best trade the best trade in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
particular setup is when it breaks<\/div>\n<\/div>\n<\/div>\n
\n
\n
the downtrend and the momentum is back<\/div>\n<\/div>\n<\/div>\n
\n
\n
up again<\/div>\n<\/div>\n<\/div>\n
\n
\n
that breakout<\/div>\n<\/div>\n<\/div>\n
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that you first mentioned you know right<\/div>\n<\/div>\n<\/div>\n
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there breakout consolidation higher<\/div>\n<\/div>\n<\/div>\n
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\n
so that that breakout right there the<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum is back up<\/div>\n<\/div>\n<\/div>\n
\n
\n
that is a trade that you can make a lot<\/div>\n<\/div>\n<\/div>\n
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\n
more money in<\/div>\n<\/div>\n<\/div>\n
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\n
be a lot bigger in<\/div>\n<\/div>\n<\/div>\n
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\n
make a lot more money in uh you know<\/div>\n<\/div>\n<\/div>\n
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\n
really crush<\/div>\n<\/div>\n<\/div>\n
\n
\n
more so than using that anchored view up<\/div>\n<\/div>\n<\/div>\n
\n
\n
which is again a very legitimate trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
but just with the variables for this<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
strong market strong stock blowout<\/div>\n<\/div>\n<\/div>\n
\n
\n
earnings<\/div>\n<\/div>\n<\/div>\n
\n
\n
good place to be buying stocks overall<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the market that you did a nice job of<\/div>\n<\/div>\n<\/div>\n
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\n
showing on your daily charts for the<\/div>\n<\/div>\n<\/div>\n
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\n
overall market<\/div>\n<\/div>\n<\/div>\n
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i want to be in<\/div>\n<\/div>\n<\/div>\n
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\n
i want to be in that breakout i might<\/div>\n<\/div>\n<\/div>\n
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even want to be in<\/div>\n<\/div>\n<\/div>\n
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\n
the double the double bottom<\/div>\n<\/div>\n<\/div>\n
\n
\n
support of the pre-market<\/div>\n<\/div>\n<\/div>\n
\n
\n
support area i don’t really love to make<\/div>\n<\/div>\n<\/div>\n
\n
\n
those trades because to me i want to be<\/div>\n<\/div>\n<\/div>\n
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\n
that’s just me though but i could argue<\/div>\n<\/div>\n<\/div>\n
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\n
that that’s a really good trade as well<\/div>\n<\/div>\n<\/div>\n
\n
\n
but anyway i just want you to understand<\/div>\n<\/div>\n<\/div>\n
\n
\n
that<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s a great trade that breakout trade<\/div>\n<\/div>\n<\/div>\n
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\n
right there<\/div>\n<\/div>\n<\/div>\n
\n
\n
i want to be in that you know when the<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum starts to go towards the upside<\/div>\n<\/div>\n<\/div>\n
\n
\n
when the selling’s out of it<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the momentum starts to come back in<\/div>\n<\/div>\n<\/div>\n
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\n
i mean you can get a full day’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
day’s worth of buying just from that<\/div>\n<\/div>\n<\/div>\n
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\n
spot you can get a couple of days worth<\/div>\n<\/div>\n<\/div>\n
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\n
of buying<\/div>\n<\/div>\n<\/div>\n
\n
\n
just from that stuff from that spot and<\/div>\n<\/div>\n<\/div>\n
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\n
so something to think about<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah i mean that’s a really good point<\/div>\n<\/div>\n<\/div>\n
\n
\n
right when you see that first sign of<\/div>\n<\/div>\n<\/div>\n
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\n
life<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s definitely worth getting involved<\/div>\n<\/div>\n<\/div>\n
\n
\n
and if you’re not too comfortable at<\/div>\n<\/div>\n<\/div>\n
\n
\n
least<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe a half size smaller size and then<\/div>\n<\/div>\n<\/div>\n
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\n
right when you see the trade starting to<\/div>\n<\/div>\n<\/div>\n
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\n
work out for you<\/div>\n<\/div>\n<\/div>\n
\n
\n
you already have a solid average price<\/div>\n<\/div>\n<\/div>\n
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\n
and then you can start adding to your<\/div>\n<\/div>\n<\/div>\n
\n
\n
position and get much bigger<\/div>\n<\/div>\n<\/div>\n
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\n
with that confidence that you still have<\/div>\n<\/div>\n<\/div>\n
\n
\n
entries from<\/div>\n<\/div>\n<\/div>\n
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\n
a great price that shouldn’t really be<\/div>\n<\/div>\n<\/div>\n
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\n
hit again if this is gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
do a full 360 on the day or 180.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’ll keep moving on but this is just<\/div>\n<\/div>\n<\/div>\n
\n
\n
kind of the reasons for my bullish<\/div>\n<\/div>\n<\/div>\n
\n
\n
bias on the trade and then this is the<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh kind of the technical setup so i<\/div>\n<\/div>\n<\/div>\n
\n
\n
already talked a lot about<\/div>\n<\/div>\n<\/div>\n
\n
\n
regaining these anchor view ops<\/div>\n<\/div>\n<\/div>\n
\n
\n
consecutive lower highs coming into this<\/div>\n<\/div>\n<\/div>\n
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breakout<\/div>\n<\/div>\n<\/div>\n
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\n
and then this is something i like to see<\/div>\n<\/div>\n<\/div>\n
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\n
a lot it happens a lot more<\/div>\n<\/div>\n<\/div>\n
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\n
in this market that we’re trading in<\/div>\n<\/div>\n<\/div>\n
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\n
we’ll see these flat bottoms<\/div>\n<\/div>\n<\/div>\n
\n
\n
these like really clean wicks to a level<\/div>\n<\/div>\n<\/div>\n
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\n
but then before the actual breakout<\/div>\n<\/div>\n<\/div>\n
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\n
we’ll see<\/div>\n<\/div>\n<\/div>\n
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\n
price leak through and then buyers get<\/div>\n<\/div>\n<\/div>\n
\n
\n
interested at these cheaper prices<\/div>\n<\/div>\n<\/div>\n
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\n
it kind of throws off all the weekend<\/div>\n<\/div>\n<\/div>\n
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\n
longs that are buying within<\/div>\n<\/div>\n<\/div>\n
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\n
this consolidation just risking a break<\/div>\n<\/div>\n<\/div>\n
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\n
and then we get that instant rebid<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you got and you got some momentum<\/div>\n<\/div>\n<\/div>\n
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\n
traders short you’ve sucked into the<\/div>\n<\/div>\n<\/div>\n
\n
\n
momentum trader short<\/div>\n<\/div>\n<\/div>\n
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yeah there’s momentum traders who are<\/div>\n<\/div>\n<\/div>\n
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\n
saying you know as an active short-term<\/div>\n<\/div>\n<\/div>\n
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trader this stock’s up too much<\/div>\n<\/div>\n<\/div>\n
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the earnings are good but it’s up too<\/div>\n<\/div>\n<\/div>\n
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much should pull in and they’re<\/div>\n<\/div>\n<\/div>\n
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they’re sucked in short two the other<\/div>\n<\/div>\n<\/div>\n
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side of the trade<\/div>\n<\/div>\n<\/div>\n
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are the longs hitting out and the shorts<\/div>\n<\/div>\n<\/div>\n
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hitting in yes so<\/div>\n<\/div>\n<\/div>\n
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exactly i love to be entering kind of at<\/div>\n<\/div>\n<\/div>\n
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a point where it’s catching everyone off<\/div>\n<\/div>\n<\/div>\n
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guard<\/div>\n<\/div>\n<\/div>\n
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and then it gives you the best risk<\/div>\n<\/div>\n<\/div>\n
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reward opportunity<\/div>\n<\/div>\n<\/div>\n
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\n
is if all the longs are getting tapped<\/div>\n<\/div>\n<\/div>\n
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\n
out here momentum shorts are hopping in<\/div>\n<\/div>\n<\/div>\n
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\n
but i’m buying on this dip<\/div>\n<\/div>\n<\/div>\n
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\n
this price really shouldn’t be touched<\/div>\n<\/div>\n<\/div>\n
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\n
if this breakout’s gonna work<\/div>\n<\/div>\n<\/div>\n
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\n
and then once we see these consecutive<\/div>\n<\/div>\n<\/div>\n
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\n
lower highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
that just gives you the really strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
confidence in the trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so coming in this was kind of my entry<\/div>\n<\/div>\n<\/div>\n
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zone i<\/div>\n<\/div>\n<\/div>\n
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\n
actually had a really small size about<\/div>\n<\/div>\n<\/div>\n
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\n
like 15 percent<\/div>\n<\/div>\n<\/div>\n
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\n
at 128.40 and this is kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
just based on uh this is something you<\/div>\n<\/div>\n<\/div>\n
\n
\n
talk a lot a lot about mike<\/div>\n<\/div>\n<\/div>\n
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\n
just by price just getting a little<\/div>\n<\/div>\n<\/div>\n
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\n
feeler size by price<\/div>\n<\/div>\n<\/div>\n
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\n
i’m like this is the the bottom of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
wedge<\/div>\n<\/div>\n<\/div>\n
\n
\n
no and i i want to point out that that’s<\/div>\n<\/div>\n<\/div>\n
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\n
such a obvious level<\/div>\n<\/div>\n<\/div>\n
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\n
and these really do set up great trades<\/div>\n<\/div>\n<\/div>\n
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\n
when a stock should be going down<\/div>\n<\/div>\n<\/div>\n
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\n
and it looks like it is going down<\/div>\n<\/div>\n<\/div>\n
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\n
and it’s clear to<\/div>\n<\/div>\n<\/div>\n
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\n
lots of different traders even amateur<\/div>\n<\/div>\n<\/div>\n
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\n
traders<\/div>\n<\/div>\n<\/div>\n
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\n
and it leaks down as you say it leaks<\/div>\n<\/div>\n<\/div>\n
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\n
below support<\/div>\n<\/div>\n<\/div>\n
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\n
that support area that 128<\/div>\n<\/div>\n<\/div>\n
\n
\n
50ish area 128 40ish area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then and then you know gets below<\/div>\n<\/div>\n<\/div>\n
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\n
those prices but can’t<\/div>\n<\/div>\n<\/div>\n
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\n
and then we bids above it again<\/div>\n<\/div>\n<\/div>\n
\n
\n
those are great trades when a stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
should have traded lower<\/div>\n<\/div>\n<\/div>\n
\n
\n
and doesn’t when a stock should have<\/div>\n<\/div>\n<\/div>\n
\n
\n
traded higher<\/div>\n<\/div>\n<\/div>\n
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\n
and doesn’t<\/div>\n<\/div>\n<\/div>\n
\n
\n
those set up really good trades and i<\/div>\n<\/div>\n<\/div>\n
\n
\n
would say one other thing about<\/div>\n<\/div>\n<\/div>\n
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\n
this not only being a very clear support<\/div>\n<\/div>\n<\/div>\n
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\n
area<\/div>\n<\/div>\n<\/div>\n
\n
\n
as it touches one two three four five<\/div>\n<\/div>\n<\/div>\n
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\n
times<\/div>\n<\/div>\n<\/div>\n
\n
\n
but that support area is also what<\/div>\n<\/div>\n<\/div>\n
\n
\n
it also is above a pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
clear defined resistance area you know<\/div>\n<\/div>\n<\/div>\n
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\n
right before that there was<\/div>\n<\/div>\n<\/div>\n
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\n
you had some resistance areas that were<\/div>\n<\/div>\n<\/div>\n
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\n
pretty clear one two three four<\/div>\n<\/div>\n<\/div>\n
\n
\n
five times can’t get above a certain<\/div>\n<\/div>\n<\/div>\n
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\n
price then does<\/div>\n<\/div>\n<\/div>\n
\n
\n
pulls in one two three four five a bunch<\/div>\n<\/div>\n<\/div>\n
\n
\n
of times it holds above that area as<\/div>\n<\/div>\n<\/div>\n
\n
\n
well so that’s a big important technical<\/div>\n<\/div>\n<\/div>\n
\n
\n
area<\/div>\n<\/div>\n<\/div>\n
\n
\n
everybody can see that you don’t you<\/div>\n<\/div>\n<\/div>\n
\n
\n
don’t need to<\/div>\n<\/div>\n<\/div>\n
\n
\n
be a a certified technical analyst<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be a you don’t need to be a cta to<\/div>\n<\/div>\n<\/div>\n
\n
\n
see that trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh so i’d add to that<\/div>\n<\/div>\n<\/div>\n
\n
\n
those are those are really good setups i<\/div>\n<\/div>\n<\/div>\n
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\n
mean there’s a lot of people playing<\/div>\n<\/div>\n<\/div>\n
\n
\n
around that area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and uh it’s it’s not going down is it<\/div>\n<\/div>\n<\/div>\n
\n
\n
there they re-bid it exactly and i also<\/div>\n<\/div>\n<\/div>\n
\n
\n
want to point out this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is a 30-second chart so just the time<\/div>\n<\/div>\n<\/div>\n
\n
\n
spent underneath this uh 128 40 which is<\/div>\n<\/div>\n<\/div>\n
\n
\n
my<\/div>\n<\/div>\n<\/div>\n
\n
\n
line in the sand for very obviously<\/div>\n<\/div>\n<\/div>\n
\n
\n
obvious reasons we’ve talked about<\/div>\n<\/div>\n<\/div>\n
\n
\n
so it could only spend less than a<\/div>\n<\/div>\n<\/div>\n
\n
\n
minute under this zone without<\/div>\n<\/div>\n<\/div>\n
\n
\n
re-bidding<\/div>\n<\/div>\n<\/div>\n
\n
\n
it had like one minute of steep selling<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
the next 30 seconds it rebid that whole<\/div>\n<\/div>\n<\/div>\n
\n
\n
move<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then 30 seconds later is already<\/div>\n<\/div>\n<\/div>\n
\n
\n
back in that range<\/div>\n<\/div>\n<\/div>\n
\n
\n
so after i see that where this is kind<\/div>\n<\/div>\n<\/div>\n
\n
\n
of like a time trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
where if it starts consolidating and<\/div>\n<\/div>\n<\/div>\n
\n
\n
spending time under 2840<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a scratch trade that’s my whole<\/div>\n<\/div>\n<\/div>\n
\n
\n
thesis is wrong<\/div>\n<\/div>\n<\/div>\n
\n
\n
the only way for this trade to work is<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it drops and re-bids<\/div>\n<\/div>\n<\/div>\n
\n
\n
within like a two three minute period so<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is a<\/div>\n<\/div>\n<\/div>\n
\n
\n
really based on time this needs to drop<\/div>\n<\/div>\n<\/div>\n
\n
\n
and re-bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
instantly otherwise you could just get<\/div>\n<\/div>\n<\/div>\n
\n
\n
stuck in<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pretty pretty long chop period or<\/div>\n<\/div>\n<\/div>\n
\n
\n
128.40 starts to act as resistance and<\/div>\n<\/div>\n<\/div>\n
\n
\n
next thing you know we’re heading back<\/div>\n<\/div>\n<\/div>\n
\n
\n
down to<\/div>\n<\/div>\n<\/div>\n
\n
\n
low day and so i’ll quickly go over my<\/div>\n<\/div>\n<\/div>\n
\n
\n
trade management these were just the<\/div>\n<\/div>\n<\/div>\n
\n
\n
feeler size by price i was talking about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty much nothing compared to my<\/div>\n<\/div>\n<\/div>\n
\n
\n
actual<\/div>\n<\/div>\n<\/div>\n
\n
\n
sizing this is 15 and then once we got<\/div>\n<\/div>\n<\/div>\n
\n
\n
these leaks below i ended up getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
really big in the position<\/div>\n<\/div>\n<\/div>\n
\n
\n
with a hard stop below these previous<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing lows<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then like i said it’s it’s a time<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s a time trade<\/div>\n<\/div>\n<\/div>\n
\n
\n
so if this which sound starts i’m in<\/div>\n<\/div>\n<\/div>\n
\n
\n
from here but it starts<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding below 28.40 i’ll probably hit<\/div>\n<\/div>\n<\/div>\n
\n
\n
out the position<\/div>\n<\/div>\n<\/div>\n
\n
\n
for scratch trade but right we see this<\/div>\n<\/div>\n<\/div>\n
\n
\n
rebid<\/div>\n<\/div>\n<\/div>\n
\n
\n
come down sellers try to push it down<\/div>\n<\/div>\n<\/div>\n
\n
\n
again we make a higher low<\/div>\n<\/div>\n<\/div>\n
\n
\n
another higher low and then we’re off to<\/div>\n<\/div>\n<\/div>\n
\n
\n
the races we get the wedge breakout<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i just covered a little bit of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
risk for uh these initial entries it<\/div>\n<\/div>\n<\/div>\n
\n
\n
wasn’t much size<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then these are all just scale outs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then<\/div>\n<\/div>\n<\/div>\n
\n
\n
up here is where i manage most of my<\/div>\n<\/div>\n<\/div>\n
\n
\n
size<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay and so i just want to i want to<\/div>\n<\/div>\n<\/div>\n
\n
\n
teach you just a really advanced concept<\/div>\n<\/div>\n<\/div>\n
\n
\n
very quickly and we’ll talk more about<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh as as you get a little bit more<\/div>\n<\/div>\n<\/div>\n
\n
\n
experience but you see the consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
can you just highlight the consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh right before it leaks below that 128<\/div>\n<\/div>\n<\/div>\n
\n
\n
40 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then it leaks below there and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
talked about how there’s some people<\/div>\n<\/div>\n<\/div>\n
\n
\n
short now and there’s some longs that<\/div>\n<\/div>\n<\/div>\n
\n
\n
are hitting out people are looking at<\/div>\n<\/div>\n<\/div>\n
\n
\n
that 128<\/div>\n<\/div>\n<\/div>\n
\n
\n
40 area and they’re pouncing when it<\/div>\n<\/div>\n<\/div>\n
\n
\n
gets below there<\/div>\n<\/div>\n<\/div>\n
\n
\n
okay and then can you see the top of<\/div>\n<\/div>\n<\/div>\n
\n
\n
that that range before that about 128.90<\/div>\n<\/div>\n<\/div>\n
\n
\n
it hasn’t really traded much above<\/div>\n<\/div>\n<\/div>\n
\n
\n
128.90 128.80<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so you don’t really expect<\/div>\n<\/div>\n<\/div>\n
\n
\n
for that stock to get much above there<\/div>\n<\/div>\n<\/div>\n
\n
\n
if you’re looking at that chart and you<\/div>\n<\/div>\n<\/div>\n
\n
\n
see hey that’s a lower high there<\/div>\n<\/div>\n<\/div>\n
\n
\n
from from the before the high and so<\/div>\n<\/div>\n<\/div>\n
\n
\n
what gets that stock to get above even<\/div>\n<\/div>\n<\/div>\n
\n
\n
that 128.80 area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and why you shouldn’t make why you<\/div>\n<\/div>\n<\/div>\n
\n
\n
you’ve got to be able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
[Music]<\/div>\n<\/div>\n<\/div>\n
\n
\n
be careful about assuming this is going<\/div>\n<\/div>\n<\/div>\n
\n
\n
to make a new high<\/div>\n<\/div>\n<\/div>\n
\n
\n
when it gets above that 128.80 is what<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s that the people who hit that below<\/div>\n<\/div>\n<\/div>\n
\n
\n
128.40<\/div>\n<\/div>\n<\/div>\n
\n
\n
can cause the stock to trade above 128<\/div>\n<\/div>\n<\/div>\n
\n
\n
80 and one twenty eight ninety<\/div>\n<\/div>\n<\/div>\n
\n
\n
the over exuberance that is breaking<\/div>\n<\/div>\n<\/div>\n
\n
\n
down<\/div>\n<\/div>\n<\/div>\n
\n
\n
and the volume of the people that get<\/div>\n<\/div>\n<\/div>\n
\n
\n
sucked in there can cause us to go above<\/div>\n<\/div>\n<\/div>\n
\n
\n
that one twenty eight<\/div>\n<\/div>\n<\/div>\n
\n
\n
eighty and one twenty eight ninety area<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we gotta be careful<\/div>\n<\/div>\n<\/div>\n
\n
\n
that we assume this is going to go to<\/div>\n<\/div>\n<\/div>\n
\n
\n
higher highs because of what happened<\/div>\n<\/div>\n<\/div>\n
\n
\n
below that very important level you got<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be able to see the whole field<\/div>\n<\/div>\n<\/div>\n
\n
\n
and understand that it’s good that it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
above 1<\/div>\n<\/div>\n<\/div>\n
\n
\n
128 80 and 128.90 it’s good it<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably more likely it’s going to work<\/div>\n<\/div>\n<\/div>\n
\n
\n
but but but<\/div>\n<\/div>\n<\/div>\n
\n
\n
maybe all those people hitting it below<\/div>\n<\/div>\n<\/div>\n
\n
\n
40 cents are gonna be are the people<\/div>\n<\/div>\n<\/div>\n
\n
\n
that are covering<\/div>\n<\/div>\n<\/div>\n
\n
\n
and and and we got to have time<\/div>\n<\/div>\n<\/div>\n
\n
\n
and a hold above that 128.80<\/div>\n<\/div>\n<\/div>\n
\n
\n
before we can conclude that it’s gonna<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s gonna go higher does that make<\/div>\n<\/div>\n<\/div>\n
\n
\n
sense yeah<\/div>\n<\/div>\n<\/div>\n
\n
\n
exactly advanced thought admittedly<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’ll talk some more about that<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is my reason to exit this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
probably my cl some of my better exits<\/div>\n<\/div>\n<\/div>\n
\n
\n
on a trade as you can see<\/div>\n<\/div>\n<\/div>\n
\n
\n
by some of these exits and i was out of<\/div>\n<\/div>\n<\/div>\n
\n
\n
full size before this steep flush<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this was a 100 due just to watching<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
right next to my nike trade and you can<\/div>\n<\/div>\n<\/div>\n
\n
\n
see so this was the<\/div>\n<\/div>\n<\/div>\n
\n
\n
uh that 129 level that we had started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidate<\/div>\n<\/div>\n<\/div>\n
\n
\n
above right in this range above these<\/div>\n<\/div>\n<\/div>\n
\n
\n
swing highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is kind of a do or die spot if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it doesn’t hold this level<\/div>\n<\/div>\n<\/div>\n
\n
\n
it’s probably going to flush back down<\/div>\n<\/div>\n<\/div>\n
\n
\n
to this 128 40.<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m being really uh watching the<\/div>\n<\/div>\n<\/div>\n
\n
\n
market looking for any signs of weakness<\/div>\n<\/div>\n<\/div>\n
\n
\n
and at this point spy is trading in a<\/div>\n<\/div>\n<\/div>\n
\n
\n
pretty tight range<\/div>\n<\/div>\n<\/div>\n
\n
\n
as you can see here and nike was also in<\/div>\n<\/div>\n<\/div>\n
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\n
a<\/div>\n<\/div>\n<\/div>\n
\n
\n
somewhat tight range some flat bottoms<\/div>\n<\/div>\n<\/div>\n
\n
\n
right at this 129.<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you can see spies started to<\/div>\n<\/div>\n<\/div>\n
\n
\n
break down so it was leading the<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown at like 127 eastern<\/div>\n<\/div>\n<\/div>\n
\n
\n
spy had already broken down and was<\/div>\n<\/div>\n<\/div>\n
\n
\n
breaking down to this consolidation<\/div>\n<\/div>\n<\/div>\n
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range<\/div>\n<\/div>\n<\/div>\n
\n
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but nike was still holding this 129<\/div>\n<\/div>\n<\/div>\n
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level<\/div>\n<\/div>\n<\/div>\n
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holding 129 and then by the time uh<\/div>\n<\/div>\n<\/div>\n
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nike breaks down spies already hit<\/div>\n<\/div>\n<\/div>\n
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pretty hard so i actually have a tape<\/div>\n<\/div>\n<\/div>\n
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example of this so<\/div>\n<\/div>\n<\/div>\n
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i thought this was really good exit<\/div>\n<\/div>\n<\/div>\n
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signal it pretty much gave me<\/div>\n<\/div>\n<\/div>\n
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a get flat signal two minutes before<\/div>\n<\/div>\n<\/div>\n
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nike broke down<\/div>\n<\/div>\n<\/div>\n
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just based on watching spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
really good really really good we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
already uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
into the breakout we’re approaching we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had just regained this 129 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and this was also a previous swing high<\/div>\n<\/div>\n<\/div>\n
\n
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and<\/div>\n<\/div>\n<\/div>\n
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psychological level also a lot of<\/div>\n<\/div>\n<\/div>\n
\n
\n
pre-market significance in this level<\/div>\n<\/div>\n<\/div>\n
\n
\n
so ago this is the first time we’re<\/div>\n<\/div>\n<\/div>\n
\n
\n
starting to get that push above 129 we<\/div>\n<\/div>\n<\/div>\n
\n
\n
had a lot of failed attempts<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now for me to stay in this trade i<\/div>\n<\/div>\n<\/div>\n
\n
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need to see 129<\/div>\n<\/div>\n<\/div>\n
\n
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hold as well as the market holding that<\/div>\n<\/div>\n<\/div>\n
\n
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consolidation range<\/div>\n<\/div>\n<\/div>\n
\n
\n
and i actually uh split screen and show<\/div>\n<\/div>\n<\/div>\n
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the market as well<\/div>\n<\/div>\n<\/div>\n
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\n
so we end up getting this push i take<\/div>\n<\/div>\n<\/div>\n
\n
\n
off<\/div>\n<\/div>\n<\/div>\n
\n
\n
around 35 shares just to cover more risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
because this was also level that we kept<\/div>\n<\/div>\n<\/div>\n
\n
\n
wicking into<\/div>\n<\/div>\n<\/div>\n
\n
\n
and we just couldn’t hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’ll fast forward this a little bit so<\/div>\n<\/div>\n<\/div>\n
\n
\n
right around so now you can see this<\/div>\n<\/div>\n<\/div>\n
\n
\n
129.15 is starting to be pretty strong<\/div>\n<\/div>\n<\/div>\n
\n
\n
resistance this is one<\/div>\n<\/div>\n<\/div>\n
\n
\n
two about five attempts to break<\/div>\n<\/div>\n<\/div>\n
\n
\n
above this level and we can’t so now i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
on more of the defensive side as i said<\/div>\n<\/div>\n<\/div>\n
\n
\n
this<\/div>\n<\/div>\n<\/div>\n
\n
\n
is the level it needs to see some more<\/div>\n<\/div>\n<\/div>\n
\n
\n
strength or it could fall out steeply if<\/div>\n<\/div>\n<\/div>\n
\n
\n
it doesn’t hold these previous swing<\/div>\n<\/div>\n<\/div>\n
\n
\n
highs<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so we’re not really seeing too much<\/div>\n<\/div>\n<\/div>\n
\n
\n
buy interest above 129 which is getting<\/div>\n<\/div>\n<\/div>\n
\n
\n
me<\/div>\n<\/div>\n<\/div>\n
\n
\n
like i said more defensive on the trade<\/div>\n<\/div>\n<\/div>\n
\n
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if we can’t hold 129<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m really not interested i was able to<\/div>\n<\/div>\n<\/div>\n
\n
\n
catch this breakout with really no<\/div>\n<\/div>\n<\/div>\n
\n
\n
downticks at all<\/div>\n<\/div>\n<\/div>\n
\n
\n
so i’m expecting somewhat of a downtick<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we start to<\/div>\n<\/div>\n<\/div>\n
\n
\n
break down and you’ll see 128.99<\/div>\n<\/div>\n<\/div>\n
\n
\n
is the actual level i’m watching that’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
where all the size is at<\/div>\n<\/div>\n<\/div>\n
\n
\n
that’s what’s been supporting in this<\/div>\n<\/div>\n<\/div>\n
\n
\n
range for a while<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey really good job of noticing that<\/div>\n<\/div>\n<\/div>\n
\n
\n
super important<\/div>\n<\/div>\n<\/div>\n
\n
\n
observation you’re making there where is<\/div>\n<\/div>\n<\/div>\n
\n
\n
a ton of volume being done<\/div>\n<\/div>\n<\/div>\n
\n
\n
if it gets below that price i expect it<\/div>\n<\/div>\n<\/div>\n
\n
\n
to go to a lower price and go find a new<\/div>\n<\/div>\n<\/div>\n
\n
\n
level<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you do that by watching where<\/div>\n<\/div>\n<\/div>\n
\n
\n
most of that volume is being done and<\/div>\n<\/div>\n<\/div>\n
\n
\n
seeing if there’s anything unusual on<\/div>\n<\/div>\n<\/div>\n
\n
\n
the tape that you can pick up so<\/div>\n<\/div>\n<\/div>\n
\n
\n
let’s not gloss over that really<\/div>\n<\/div>\n<\/div>\n
\n
\n
important observation you’re making<\/div>\n<\/div>\n<\/div>\n
\n
\n
there<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah because if i was just let’s say i’m<\/div>\n<\/div>\n<\/div>\n
\n
\n
just looking at this 129 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
it drops 129 and i hit out just kind of<\/div>\n<\/div>\n<\/div>\n
\n
\n
out of panic<\/div>\n<\/div>\n<\/div>\n
\n
\n
but then 128.99 is the actual true level<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m gonna be pretty irritated that i hit<\/div>\n<\/div>\n<\/div>\n
\n
\n
out for one pretty much one center risk<\/div>\n<\/div>\n<\/div>\n
\n
\n
when<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m waiting for this 99 level to drop<\/div>\n<\/div>\n<\/div>\n
\n
\n
not the the whole number<\/div>\n<\/div>\n<\/div>\n
\n
\n
and you can see it’s starting to become<\/div>\n<\/div>\n<\/div>\n
\n
\n
a pretty strong level<\/div>\n<\/div>\n<\/div>\n
\n
\n
down here you can see every attempt it’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
having a really tough time breaking down<\/div>\n<\/div>\n<\/div>\n
\n
\n
from 128.99<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so now i’m getting pretty defensive<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have my default chairs set for<\/div>\n<\/div>\n<\/div>\n
\n
\n
50 percent of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
because the premise of this trade is i<\/div>\n<\/div>\n<\/div>\n
\n
\n
wanted to hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority of my core for an extended move<\/div>\n<\/div>\n<\/div>\n
\n
\n
above<\/div>\n<\/div>\n<\/div>\n
\n
\n
into like the 130s but i also don’t want<\/div>\n<\/div>\n<\/div>\n
\n
\n
to be stuck<\/div>\n<\/div>\n<\/div>\n
\n
\n
holding my swing size if we do get a<\/div>\n<\/div>\n<\/div>\n
\n
\n
breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
so coming up we see we finally regained<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 129.05<\/div>\n<\/div>\n<\/div>\n
\n
\n
and so now i want to see the buyers step<\/div>\n<\/div>\n<\/div>\n
\n
\n
up i don’t want<\/div>\n<\/div>\n<\/div>\n
\n
\n
them to step up two three cents and just<\/div>\n<\/div>\n<\/div>\n
\n
\n
fall out like what’s<\/div>\n<\/div>\n<\/div>\n
\n
\n
happening here so you can see i actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
cut half of my position<\/div>\n<\/div>\n<\/div>\n
\n
\n
in the o2s just after<\/div>\n<\/div>\n<\/div>\n
\n
\n
it was contingent like we finally got<\/div>\n<\/div>\n<\/div>\n
\n
\n
buyers to step up step<\/div>\n<\/div>\n<\/div>\n
\n
\n
up and then they just totally fell back<\/div>\n<\/div>\n<\/div>\n
\n
\n
out and so now for the<\/div>\n<\/div>\n<\/div>\n
\n
\n
majority of my position i still have uh<\/div>\n<\/div>\n<\/div>\n
\n
\n
i’m having my risk on just on a break of<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 128.99 level<\/div>\n<\/div>\n<\/div>\n
\n
\n
then i think i actually pull up<\/div>\n<\/div>\n<\/div>\n
\n
\n
spies as well oh here so i hit out<\/div>\n<\/div>\n<\/div>\n
\n
\n
so now we got another push<\/div>\n<\/div>\n<\/div>\n
\n
\n
this is where you need to see buyers<\/div>\n<\/div>\n<\/div>\n
\n
\n
stepping up<\/div>\n<\/div>\n<\/div>\n
\n
\n
so this is showing that there’s pretty<\/div>\n<\/div>\n<\/div>\n
\n
\n
weak buying in front of 129<\/div>\n<\/div>\n<\/div>\n
\n
\n
we get that push into the 129.08 and we<\/div>\n<\/div>\n<\/div>\n
\n
\n
just can’t hold<\/div>\n<\/div>\n<\/div>\n
\n
\n
we come back down to this level actually<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was watching spy at the time this was<\/div>\n<\/div>\n<\/div>\n
\n
\n
at the exact time spy was breaking down<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you can see there right when<\/div>\n<\/div>\n<\/div>\n
\n
\n
this 99 level was cracked<\/div>\n<\/div>\n<\/div>\n
\n
\n
i hit out instantly in in the 98s i<\/div>\n<\/div>\n<\/div>\n
\n
\n
expected i i wasn’t getting it filled at<\/div>\n<\/div>\n<\/div>\n
\n
\n
the 98s i was<\/div>\n<\/div>\n<\/div>\n
\n
\n
expecting a pretty steep fallout here<\/div>\n<\/div>\n<\/div>\n
\n
\n
but i’ll fast forward a little bit where<\/div>\n<\/div>\n<\/div>\n
\n
\n
i have<\/div>\n<\/div>\n<\/div>\n
\n
\n
yeah so you can see this was just on my<\/div>\n<\/div>\n<\/div>\n
\n
\n
other screen i wasn’t recording but<\/div>\n<\/div>\n<\/div>\n
\n
\n
i was watching spy as well i just wanted<\/div>\n<\/div>\n<\/div>\n
\n
\n
to pull it up on the tape real quick<\/div>\n<\/div>\n<\/div>\n
\n
\n
here<\/div>\n<\/div>\n<\/div>\n
\n
\n
so you can see how how drastically spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
is leading this breakdown<\/div>\n<\/div>\n<\/div>\n
\n
\n
so while i hit on the 99 spy<\/div>\n<\/div>\n<\/div>\n
\n
\n
just had a nasty candle that broke out<\/div>\n<\/div>\n<\/div>\n
\n
\n
of the consolidation zone<\/div>\n<\/div>\n<\/div>\n
\n
\n
and it was looking like it’s starting to<\/div>\n<\/div>\n<\/div>\n
\n
\n
get out so just by hitting out<\/div>\n<\/div>\n<\/div>\n
\n
\n
right when i saw spy breaking down no<\/div>\n<\/div>\n<\/div>\n
\n
\n
buyers were stepping up<\/div>\n<\/div>\n<\/div>\n
\n
\n
above a 129. those were just the only<\/div>\n<\/div>\n<\/div>\n
\n
\n
two reasons i needed to be flat on the<\/div>\n<\/div>\n<\/div>\n
\n
\n
position<\/div>\n<\/div>\n<\/div>\n
\n
\n
and then you can see this was a really<\/div>\n<\/div>\n<\/div>\n
\n
\n
good exit because we came all the way<\/div>\n<\/div>\n<\/div>\n
\n
\n
back down to my entries<\/div>\n<\/div>\n<\/div>\n
\n
\n
entry level and then we ended up<\/div>\n<\/div>\n<\/div>\n
\n
\n
finishing at low bid<\/div>\n<\/div>\n<\/div>\n
\n
\n
so that was just a really good tip going<\/div>\n<\/div>\n<\/div>\n
\n
\n
forward when you’re trading a market<\/div>\n<\/div>\n<\/div>\n
\n
\n
stock<\/div>\n<\/div>\n<\/div>\n
\n
\n
sometimes you can get much better exits<\/div>\n<\/div>\n<\/div>\n
\n
\n
just by<\/div>\n<\/div>\n<\/div>\n
\n
\n
watching the market especially at these<\/div>\n<\/div>\n<\/div>\n
\n
\n
do or die<\/div>\n<\/div>\n<\/div>\n
\n
\n
spots where you’re going to expect a big<\/div>\n<\/div>\n<\/div>\n
\n
\n
fallout if this 129 buyer drops<\/div>\n<\/div>\n<\/div>\n
\n
\n
but if you can get a little hint seeing<\/div>\n<\/div>\n<\/div>\n
\n
\n
that spy just broke out of the<\/div>\n<\/div>\n<\/div>\n
\n
\n
consolidation<\/div>\n<\/div>\n<\/div>\n
\n
\n
most likely this 129 buyer is going to<\/div>\n<\/div>\n<\/div>\n
\n
\n
drop as well and<\/div>\n<\/div>\n<\/div>\n
\n
\n
we’re going to get a pretty steep flush<\/div>\n<\/div>\n<\/div>\n
\n
\n
hey go ahead and click our subscribe<\/div>\n<\/div>\n<\/div>\n
\n
\n
button so you don’t miss any of the<\/div>\n<\/div>\n<\/div>\n
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\n
videos they were producing for you and<\/div>\n<\/div>\n<\/div>\n
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\n
take the time to add your feedback in<\/div>\n<\/div>\n<\/div>\n
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the comment section for what videos<\/div>\n<\/div>\n<\/div>\n
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and what you found helpful from this<\/div>\n<\/div>\n<\/div>\n
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* no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

In this video, learn how to spot when other traders are screwed to tee up great trading opportunities for you. A junior trader spots a failed technical breakdown that screwed other traders and sparked a terrific trade for him. Let\u2019s get to work on sharing these important trading lessons so you can grow your trading account. * no relevant positions<\/p>\n","protected":false},"author":290,"featured_media":50192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[4189],"tags":[],"class_list":["post-50191","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-free-daily-trading-video","post_format-post-format-video"],"yoast_head":"\nSpotting when others traders are screwed | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/spotting-when-others-traders-are-screwed\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotting when others traders are screwed | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In this video, learn how to spot when other traders are screwed to tee up great trading opportunities for you. 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