Learn how to manipulate the Think or Swim Platform:
Appearance, Settings, Watchlist, Indicators, Adding Scripts, Changing the Flex Grid
How to create, edit, sort, and add indicators to the TOS watchlist
Tools
Indicators
Replay
Keep it short and simple (KISS)
Using Trendlines
200-Day Moving Average
Learn how the market rises and falls over time.
Learn about the 4 Phases of the Market using Wyckoff Logic
How to identify Elliott Wave Theory
Using Trendlines to help in trading
Using moving averages to stay in trades.
How to identify support and resistance
How to use support and resistance with other indicators for confluence
Learn how to use momentum to identify pivot areas
Comparing highs in pricing and momentum to other high areas of price and momentum
Finding divergence
How to identify areas of entry
Using Pivot Points as Price Targets
How I use the Fibonacci Retracement Tool
In this video we will put everything together for our strategy
- Downtrend
- Price Targets (Resistance)
- Using momentum to create pivot points
- Using the Fibonacci Tool to find our Reward:Risk targets
- Assessing our 2:1 or 3:1 ratios in comparison to the Price Targets
- Determining which stock offers the best opportunity and ROI
Identifying Leaders - stocks within an index that trends before the index
Identifying Laggards - stocks that do not trend with the index and may often trend later
In-Line Stocks - stocks that trend with the entire index
Identifying an index trend to target In-Line stocks for better returns
Learn how to read candlesticks
I would recommend just the first 12 minutes lol
The second half goes into candles on a chart, but use the next video I post for understanding Higher Highs / Higher Lows vs Lower Highs / Lower Lows
Higher Highs / Higher Lows
Lower Highs / Lower Lows
Identifies potential change in market direction
Credit to Callisto Fx
Break in Structure
Change of Character
Using larger time frames pivots vs shorter time frame pivots
How to chart on Sunday's for the Week
Finding Pivot Points for Price Targets
Setting alerts at Break in Structure or Change in Character
Learn how we can use A, B, and C setups and how we can adjust our trading risk. We will also take a look at building confluence for a trade and following the overall direction of the market. Percentages below are just an example of reducing position sizing/risk based on confidence level.
A Setup (100% of risk $100) - meets all trading strategy requirements
B Setup (50% of risk $50) - meets most trading strategy requirements
C Setup (25% of risk $25) - meets some trading strategy requirements
Adding to your position for a B/C setup
How to use confluence to enter into a trade
Using simple methods to help our trading
Moving Average (close above the 8MA or consecutive candles above)
Trendlines (two points start a trend, three points confirm a trend)
Moving Averages Cross
RSI greater than 50 on shorts or RSI less than 50 on long
Determine Risk:Reward Ratio
Calculate Max Position
Calculate Max Risk
Determine the number of share to purchase/sell
This concept looks to target market bottom reversals
When the S&P 500, Nasdaq 100, Russell 1000/3000 has a 'Follow Through Day' you want to consider entering into positions in the indices or specific stocks.
They do not need to be large positions, but this is where we can find the lowest risk for entry and potential for the greatest gains.
See more information and examples here (Follow Through Day)
How to use Finviz.com
How to find stocks based on sector performance
How to find stocks based on an index
Looking through charts to find ones that fit our trading strategy