My Day Trading Indicators And Chart Setup

My Day Trading Indicators And Chart Setup

Transcript

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What’s up everyone so some of you have seen my videos and have asked about my trading indicators so I will go over what I use so right here I use all you do is type in pivot and it’s right here pivot Points standard this one right here I just started so that’s and just so we see what everything does I will hide it so pivots is this these yellow lines every day uh pivot Points I don’t exactly know how they calculate

It but I put it on the cues on this tab and I put it well I don’t have to put it cuz it’s here already um but yeah I have it on the NQ and the q’s I typically play the NQ pivot Points hold a lot more weight than the cues um and mostly I trade them during normal trading hours or when there’s volume um all right so that’s pivots traditional I do orb 15 but this is not necessarily for uh

The NQ unless you’re playing overnight session and as you could see it it definitely respects it um for bounces and you know once it breaks through support but I follow it the orb 15 um on the qqq’s during the day and that holds um I I like that right there you can see it so basically let me uh so now you have the orb green is the orb top red is the orb bottom um I like the Breakthrough of the orb

And then retest I most of the time do not buy this breakout I wait for the retest and then I’ll purchase um and I definitely play rejections off off here and I play bounces off of uh off of the bottom of the oral lot um obviously if there’s news news surpasses all and it will blow right through your indicators um I have vop so orb 15 is literally this one orb um it’s this one right here see just popped up but

I have it up already all right then I use vwap session so v w and I just use this one you can see I just clicked it it’s here it’s a duplicate so I’m just going to delete it and that’s the white line and if you want to change the colors um you can hit this setting button and you go to Styles and you can change the color just by clicking here um you can also add the upper and lower bands

So one of my friends trades uh the vwat bands as well and you could just see it it adds more lines I do not so you can change colors of things as well which is nice same thing with uh you know you can make it stand out more um I don’t know if you could change the settings oh yeah you could change the colors right here if you want to change from yellow to something else I’ve been using yellow for forever

So I’m going to stick with yellow um all right so that’s pivots the orb 15 vwap orb 15 is mostly for the q’s um but the rest of it I follow on the q’s and the NQ um I have now the next one this is a little tricky so their EMAs and I have this is the only one that I’ve edited the code on so basically I clicked uh source code and right here I changed from 20 to 8 50 to

34 I changed the 100 to 200 and I changed the 200 to uh 377 um what I did was I had to create a new because you can’t edit their code so basically I just highlighted I copied and then I did open and I opened up my own um my own one and I basically just created it you know quote unquote created an indicator and that’s what this is so that’s the only one that I’ve edited uh this next one is

Lux algo and it’s just a visual representation of support and resistance as you go further on the chart um it’s just an easy way for me to pick things up without like looking all right this is the bottom like all right here’s another bottom it just kind of shows you uh a range of support and resistance in different time time areas so you know so yeah I mean it’s just there’s nothing no real like secret sauce on there it’s just what

It is is it’s lightly shadowed as you see right here when there’s like one layer and then as you get more layers it gets darker um other than that there’s no nothing else it just helps visually that I don’t have to keep looking back on the chart to see things and as you break above or below uh the support stuff kind of it goes away um and the last one I sometimes have this on it’s just it’s just a trend line

Auto trend line sometimes I have it on sometimes I have it off I mean you can go um I find it easy when it’s when it’s there to kind of see Trends on a larger scale but like um I don’t take it for for gospel I mean I’m just kind of have it as a just an idea of what’s going on um let me go to like here like you could see you know there was no I guess this was the

Trend down and then we broke below it um but you know I’m not looking for it to come back up here or anything that’s why I kind of leave it off a lot of lot of the times and um you know just randomly it creates it as the new trend starts I guess but it’s not something that you really need um this orb 60s here I was just testing something out I’m I’m I’m in testing mode for for that but this

Is my setup I keep it real clean I like trading off of the 5 minute chart only because I I feel like I get a better represent ation of moves I’m not necessarily getting faked out by like a one minute up candle and I’m like oh it’s going to go and then one minute back down I like playing the uh the trend so this is the eight uh you know when there’s a trend I’ll I’ll typically stay in the trade and

Then um you know until it breaks over the uh the eight on the five or if we get a candle that’s uh a pretty big move down away from it I will sell and I’ll be looking for a retest if I think the trend’s going to continue um but overall that’s um that’s pretty much my setup and right down here I have the macd this I edited uh I changed the the coding to uh 595 to be a little bit faster

It’s it’s kind of like less laggy that way but I don’t I don’t even really use macd it’s just kind of there as a I don’t know just kind of there I I honestly 90% of my trades are off of uh the pivot Points or uh maybe vwap and then I’ll look for 34 bounces which is this line but the 34 bounce I look for on the one minute where you know we reject unless we’re over it then I’ll look for

A bounce and that’s pretty much it like right here um you know as an example this is looking kind of you know flaggy where you know we’ll consolidate and then maybe go down and look for the move to this uh bottom pivot point so that’s my setup it’s pretty simple I don’t have a lot of things I don’t draw lines like I said this app this uh indicator does kind of support and resistance lines um but I’m not drawing ing things

I’m not doing anything I feel like once you start drawing you’re kind of can have a bias to certain things and if you let a script do everything there is no bias the numbers are the numbers I don’t have to sit here and be like oh well how do I interpret it this I’m just kind of you know I look at the numbers hey this is the Line This Is The Line This is the 200 this is the 34 like this

Is what it is and then I uh I go from there so I hope this helps if you have questions comment below I try to get back to everybody and um a member asked about this video so I decided to make it I hope it helps you out and um I should be live trading soon all right take it easy guys