This Is Better Than Any Indicator – Watch This To Help Your Day Trading

This Is Better Than Any Indicator – Watch This To Help Your Day Trading

Transcript

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What’s up Traders so I’m going to get into what’s better than any indicator that you have on your chart so this is my chart these are the things I look at mostly I have moving averages pivot Points zero lag indicators down here but honestly the best thing is knowing when not to trade knowing when it’s just not the setup is not there even though you might think it’s there and today was a prime example of that so I could see right

Here I knew right off the bat we were in uh choppy territory and my the pivot point is literally right here um the 200’s right here vwap is here and it was just all squished so you were like bouncing off vop touching the 200 the HIIT Point here and it just the market had no Direction um that should have been my ticket to saying hey not trade save the money and you know what I did for a lot of it um

But I did lose money uh trying to play a little bit of it but I’ve had days where we do this the chop where it fakes going up fakes going down like here um right here fake breakdown and then right back up uh where I would just blow accounts like back in the day like I would have blown you know three funded accounts five evals and I would have just been on tilt while today honestly I only lost one funded account

And that was because it was a lag on uh rhythmic Trader Pro but I passed three evals and on a day that’s all chopped like this I would never have passed any EV vals but I knew enough to wait and basically you’re looking for the clear break this was the clear breakdown you have a bare flag right here break boom and really uh my only play right now is looking down for it to touch the pivot point and if it wasn’t

The end of the day I would look for a bounce but obviously we were going into the end of the day so I did not um play it and that’s it knowing when not to trade when your style of trading even though things fit uh knowing when to just say hey you know what it’s super choppy right now that’s not how I play I’m out you know even though you’re touching the pivot Points even though uh you’re touching vwap you broke

Vwap you cross vwap uh you’re at the 200 all those things are better off in in space you know look boom all the way down to the Pivot Point going heavy boom that’s what you want you want space you want where you’re away from the thing you come up you touch the 200 and then you reject because you came from a further distance away and touched it um that’s what you you want um you know that’s what you’re looking for for

Uh I’m trying to look all right so here is the qes the one thing that was working today um this was the orb top so you could see every time we’ve gotten close we actually but you can see you’re going from 457 all the way down you’re going about a little over a dollar down and then you get the bounce you know up here you go 58 50ish down you know you want to go a distance and then touch that support

Or resistance you don’t want to be in chop touching it once you’re in chop it’s over um and that’s what I always say like pivot Points are great but you want to travel a great distance to touch it and when you travel a great distance to touch it most likely you’re going to get a large bounce off of it and yesterday was a great example so that’s pretty much it is knowing the General market conditions some people are uh a chop

Trader you know in chop they’re just playing five 10 points scalping it over and over and they do great uh I like more of a either a trend day or a day where there’s range where you go from one Pivot Point to the next pivot point where you’re making larger moves even though it could be within the same range you want the the space and the moves compared to just straight chop like this is look how choppy that is this is

Not what you want but overnight you could see you know it traveled a distance went from this Pivot Point all the way down to this pivot point then you got a solid balance I mean you went from 847 you know you got almost 30 points 30 points is a lot 30.3 contracts is is a lot of money um you know what is that 1,800 bucks so that’s all the best thing to do the best thing outside of all the indicators that

Trump’s all is knowing when to take your hand off the bouse off the keyboard and just let it let it ride for hours could be the whole day and just sit and be patient