✅COVETRADER Coupon Code On All Prop Firms
Transcript
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Uh what’s going on guys? So I get uh questions about my trading setup constantly on the stream and I figured I’ll make a video about it real quick. Uh before I get into that, I stream live every single day, once in the morning and then again in the afternoon. Uh if you want some free stuff, there’s a free futures course in the description of this video. Click click the link. Also, we have a free Discord in the description. Uh we have
Exclusive uh discounts for prop terms. Everything’s in the description. Uh if you want to support the channel, be sure to use coupon code Cove Trader. It will automatically give you the best deals. Um and then other than that, so let’s just go right into it. Uh I use Trading View as many of you have seen. Uh I’ll go over all the indicators and what um what I like to see. So basically this is what it looks like. It can seem um
At times like a lot of stuff is going on. Basically, I have order blocks, breaker blocks on uh fair value gaps, pivot points, uh in inversion, fair value gaps, inverted um what else we got here? And that’s pretty much it. Um and now I have Lux Algo Smart Money Concepts. I basically turn everything off on there and all I’m looking for is uh premium discount and uh the middle point and that’s just kind of a basis thing. I’m not actively like
Staring at that being like oh oh man where where is it? Where is it? Just uh just a look. Other than that, I mostly use I’m looking for uh breaker blocks. Something like this where we drop below, we come back, we test it, and then we drop out. That’s what I’m looking for with that indicator. I have pivot points, which is this orange line I use as uh support and resistance. Now, I don’t just take blindly any of these. you know,
These are all um you know, I’m looking at multiple things. Uh I’m not just like, “Oh, wow. We’re coming up to a pivot point. I’m going to short this right here.” Like, that’s not how I work. So, these are the main things. Um I do love the setup when we’re just dumping and then we invert a fair value gap to the upside to take it. But I don’t take just any single one of them. As you can see, you got one
Here and you would have lost. Um, you know, it it has to meet certain criteria. Just because it’s on the chart doesn’t mean it’s, you know, oh wow, that’s there. Oh, wow. We are, I don’t know, we’re going to hit a breaker block. I’m going to short it. No, like I want to see how things play out. Um, you know, because you could be taking, you know, inversions here and it just keeps going down. So, there’s a lot of things. I
Use two different scripts because sometimes one script gets it, sometimes the other script gets it depending on the settings I got. Um, and then I also look at higher time frames. I have the five minute chart here with a couple indicators on it. I have the 15 and then I have the hour. So, I like to see higher time frames where I think we’re going and then I drill down to uh to the lower and and find entries and things like
That. And then I have my uh this is my trade of eight setup. And uh I basically have the orbs on here which are these blue lines. The initial balance which is also these blue lines. I have some moving averages and VWOP. Uh also these are imbalances that you see on here. And that’s pretty much it. I mean I keep it I feel like I keep it simple. Um, you know, I I just feel like I keep it pretty simple. So,
That’s my setup. Um, you saw the drop down, you could see all the different scripts I use. If you have any questions, uh, feel free to comment on the video, ask, come on the live stream, ask, and, uh, I’ll definitely get back to
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