being able to trade without indicators
is one of the most
crucial things that you need to learn as
a day trader to be successful
long term i got a ton of comments after
my live stream
that predicted the dump of us 30
yesterday
someone explain why naked trading
support and resistance levels
and a great trend line is going to
dramatically help you
in your day trading
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis
so for those of you that are new here i
do live streams every tuesday
and during yesterday's live stream i was
looking at us 30. i really really wanted
to trade it that day
so i was doing a markup on the charts
and i
saw an opportunity to sell i ended up
snagging a clean two percent profit
on the day you can see that right here i
could have held the trade longer
obviously
but i like to be in and out of my trades
very very quickly so i can get on with
my life
but let me show you exactly what i did
on there and how you can draw a better
trend line
and actually use a naked chart just
completely using support and resistance
levels and a trend line to help you
predict which direction you need to go
with your trade not only that but it
also helps you stay in a trade
longer so now we are looking at us 30
i've
already marked this up with the key
support and resistance levels you want
to do this
on the one hour time frame it's
extremely simple
just look for these little big peaks and
valleys and draw lines across them
you don't want too many you want like
two above the current price
and two below the current price now the
reason it's important to do this
on a higher time frame because if you
are looking
at a lower time frame like the five
minute or the 15 minute you don't get
an overall view of what the market is
doing
for example this is the area that i was
discussing
yesterday during my live stream now
let's take this area down to the five
minute chart if you are locked to a
smaller time
frame you are putting blinders on
yourself and only focusing on short-term
trends which is one of the worst things
that you can do for yourself as a trader
if just looking at the five-minute time
frame you can see
this huge bullish momentum creating
higher highs and higher lows
consistently at this point you
completely believe that you are in an
uptrend
negating the fact that on a higher time
frame
we are on a very very strong downtrend
so as this bullish momentum continued up
you saw a break
and retest of a previous level of
resistance and you went long
and you got screwed hard if anybody
watching this video went long yesterday
on us 30
you got cooked that is why you need to
stick with a one hour chart trading
between
ranges is one of the easiest things to
do especially on a higher time frame you
have a higher stop loss
and a bigger take profit so with that
comes a smaller lot size but your trades
are much
safer top to bottoms of ranges and
bottoms to tops of ranges but what i
really want to discuss which is the
question that i got the most
was trend lines as you can see here we
had this high
a lower high a lower high a lower high
and a lower high
just glancing at this chart within the
first 30 seconds
of marking up these support and
resistance levels i immediately
saw this you want to draw your trend
line where it crosses
all of those points the most amount of
times that's going to be your most
accurate trend line the reason price
respects a trend line i'm going to put
this
in a way that you guys can truly
understand price moves dependent on
buyers and sellers
if sellers are weak the buyers take over
if
if buyers are weak the sellers take over
so
right here we have the seller's strength
they push the price down
the buyers try to bring it back up but
the sellers
keep their strength and push it down
here the buyers try to bring it up again
but the sellers get stronger
and don't let this price get higher than
the previous high
the buyers try to bring it back up again
and the sellers push them down even
further and even further this is massive
strength on the seller's side
and they are basically winning the
battle between buying and selling
continually making
lower highs on each one of these you can
see that there was a slight breakout of
that trendline and then a big
fat reversal every single time so
putting it in replay mode
at the time that i did the live stream
which was about 6 a.m
three hours before london's session i
predicted the price would come
up re-test this trend line and then
continue
down to this next zone and that's
exactly what the price did
but during that time we had a breakout
of this trend line this is the trap that
90
of retail traders fell for they didn't
see it here and they didn't see it on
the previous
five times that it happened but every
time they were a part of a liquidity
grab if you have not seen my liquidity
pool video
watch it right here so once the market
opened
up we had a big fat rejection
and the next thing that happened was a
big
fat candle and you guys know that i love
to trade my big
fat candles and as you guys can see it
went all the way down to that next level
of support and resistance
i'm a scalping fanatic i cannot hold
trades for hours and hours and hours my
life is way too busy
and i like to take my profits and run so
once i saw this big ass candle all i did
was short it down to the next
major bank level which are even numbers
so thirty four thousand
four hundred now in a downtrend you
wanna draw your trend line
across the tops of these peaks
conversely on an
uptrend you want to draw it on the
valleys the bottoms
of these moves it's very very simple
once you start seeing
these absolute bottom points on a higher
time frame
they are much more significant than they
are on a lower time
frame now think about this this is
called a trend line
the price action is following the trend
but what happens when the trend stops or
we start to see a trend reversal
it means that the trend line is broken
this works every single time if you have
your support and resistance zones
drawn up and you draw your trend lines
once that trend line is
broken we have now gotten out of that
trend and you should be looking
for the opposite direction so this is
your first area where the trend line was
broken retested and continued down
now we are in a downtrend so we draw our
trend line across
the top price kept moving down and then
broke the trend with this huge huge
huge bullish candle we are now looking
for an uptrend
now you want the most touches on your
trend lines right
so you wouldn't start with this point
you'd create the new trend after this
big ass candle now we broke that trend
line again
came up to retest it then we started a
new downtrend
broke that trend came down to get close
to retest it and then shop back up again
this works every single time
now keep this one thing in mind you can
see
the angle at which these trends are
we're getting about
45 degree angles consistently but then
this one
gets a little bit slacker there's not
too much momentum
this right here is your first indication
that the trend is getting weaker and
weaker and we may fall into a period of
consolidation
meaning that the price is ranging very
slightly top to bottom
and that's exactly what happened we
started consolidating between zones
very tightly ranged for several days
this is why you need to know support and
resistance zones
so that you can still be able to make
trades during these periods of
consolidation
then we started seeing new bullish
momentum being formed
and we can draw another trend line
across that the trend was broken
again with big bearish momentum so now
we are in a downtrend
i'm telling you guys being able to naked
trade
no indicators just using this is going
to give you
so much benefit in your day trading
you're going to be able to see
things and be able to trade at different
zones and have
larger trades versus small scalps
using this knowledge and being able to
scalp off of it
that's why i've been doing so well at my
day trading because i know that that's
the direction that i'm going in
i'm going to get a quick 25 minute scalp
out of it and walk away
i'm completely done trading in 25
minutes so if you guys are struggling
with
fundamentals like support and resistance
and trend lines
watch this video again watch it again
and again until this is solidified in
your head
and then go test it on your favorite
asset to trade whether it's bitcoin
ethereum whatever
it always always respects the trend and
when it breaks the trend
it starts a new trend in the opposite
direction now again
you only want to do this on a higher
time frame
do your analysis here on a higher time
frame
like the one hour then take it down to
the 15 minute and you will see
where your entry candles are you will
see
these big fat candles because you were
only looking for short positions because
you saw that trend line
you saw this one candle and that's your
entry you're at a previous level of
support and resistance then you get a
big
fat candle to the downside that's your
entry you re-test
a trend line and a level of support and
resistance with a big
fat candle that is your entry even if
you waited for this big one to close and
you still targeted that previous zone
you would have gotten a clean 58 points
off of this us-30 move
support and resistance trend lines they
are your friend
you need to master them now this is just
a piece of it the other
crucial step to this is looking for
divergences so if you guys want to learn
everything there is to know about an rsi
divergence or any type of oscillator
divergence
watch this video right here and if you
guys got some value out of this video
and you like the way that i teach
consider subscribing to the channel by
clicking this button right here thanks
so much for watching and we'll see you
in the next video