i highly advocate that everybody learn
how to trade a naked chart without any
indicators but indicators are there to
help supplement your trading to help you
see things that you wouldn't normally
see so in this video i'm going gonna
give you a list of free and paid
indicators that i use and how you can
mark up your charts and kind of give you
the cutting edge in your day trading
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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 if you
have not seen it already i highly
suggest my video called the number one
rule in day trading in that video i show
how you can trade without any indicators
just using trend lines and support and
resistance levels however you guys know
that i'm an indicator [ __ ] and recently
i've kind of made this like perfect
little nest of indicators so from start
to finish i'm going to show you how to
set everything up all right you guys
know that i love to put up my support
and resistance levels on the one hour
time frame basically you're just looking
at high end low points
so let's start putting up some lines
when setting up support and resistance
levels you want multiple touches on
specific zones especially things like
this where you get double tops a lot of
consolidation like where the line can
cross the price the most is gonna be
your key levels like right there because
we've gotten all three of these little
dips as well as this and this and this
and this and this and this and this and
because for the purposes of this video
we can add a few more levels
because we are going to be trading on a
five minute time frame now once we've
got that all set up you can jump from
the one hour time frame to the five
minute time frame now the reason that we
do this is to show you the levels that
the price is likely to reject or use as
a magnet and that was all historical
data so if we start trading from this
point which is where i've been marking
up most of my charts recently for videos
and trading purposes now the next thing
that you really want to look at is trend
lines when drawing up trend lines you
want to get a lot of the touches then
once you get nice breaks of the trend
line make sure you're looking for
divergences at this point i will get
into how to spot divergences when we
cover the rsi indicator now just a quick
rundown of that previous video i was
discussing earlier if you look at trend
lines on a smaller time frame and you
see multiple touches and then it breaks
the trend line be cautious in areas
where you're seeing a support and
resistance level because if it breaks
that it might just reject off of this as
you can see here it's much easier to
trade with the trend than against the
trend so the trend line broke started to
create a new trend and at this point you
could have went in for a short position
because it is a new trend going down to
the next support and resistance levels
this is the way i primarily like to
trade trading off of support and
resistance and trend lines however i do
use indicators to help supplement my
trading one of the main indicators that
i use is the rsi line now if we zoom
into this first position here you will
see a hidden bearish divergence we broke
out of the previous trend and so i
created a new trend line right here and
dragged it out we had a fat ass
rejection off of this new trend line as
well as creating lower highs right here
we had a hidden bearish divergence you
can see that right here
and right here if you're unfamiliar with
any of the information that i'm talking
about hidden divergences regular
divergences i have videos on all of that
every single video that i'm referencing
will be linked down below and because i
just didn't want to target this next
support and resistance level i targeted
the next one down here and this played
out quite perfectly and quite quickly
but basically this is like the easiest
way to trade trend lines support and
resistance levels rsi indicator is there
to help you look for divergences and
good entry points looking for regular
divergences and hidden divergences now
one of the next indicators that i really
enjoy using is the v-wap line that is
the volume weighted average price it
takes into consideration what the price
is and what the volume is at that price
if you want a full in-depth detailed
description about the v-wap line google
it but essentially i was using this as a
rejection point as well you can see that
as we broke out of that uptrend into a
new downtrend we started trading below
the v whap line and then this long wick
rejection was on that v whap line and i
was very comfortable getting into a
short position right here now the next
indicator that i'm going to talk about
is the one that somebody created for
this channel uh this is the tma overlay
and there are numerous options to this
indicator you can have the 21 smoothed
moving average the 50 the 100 the 200
three line strikes up and down engulfing
candles up and down you can also change
the session backgrounds to look for the
asian session the europe session and the
america session highly customizable for
your needs but lately i've just been
running off of the 200 to give me a
general direction so when the price is
trading above the 200 i'm looking for
long positions when the price is trading
below the 200 i'm looking for short
positions very very general rule of
thumb but it helps me visualize my
trades better and as you can see that
rejection was not only off the v-wap but
also the 200 moving average the next
indicator that i'm gonna talk about is
uh
it's really new in my plethora of
indicators that i've been using and it's
not my idea i didn't randomly like find
this thing i actually got it from a
video by the secret mindset
and it is
so amazing so i'm going to link that
video down in the description as well as
putting it at the end because you should
definitely watch that after you watch
this video this one is called fx market
session now what this indicator does is
extremely basic but the concept behind
it is phenomenal basically it just gives
you a dashed box around a specific
session so i've changed my time zone
because i'm in gmt plus one so i change
this to gmt plus one and i only have one
session showing the session time is
between eight a.m and nine am for me 9
a.m is the london open for me however
the frankfurt session starts at 8
o'clock so from the recommendation of
his video and the strategy that he
teaches on there
i set this up for the frankfurt session
start at 8am and ending at the london
open at 9am now as you can see right
here it creates this tiny little box
around it and basically you're going to
use this as your no trading zone
breakout strategy once it breaks out of
this zone in confluence with everything
else for example breaking a trend line
creating a new trend line and starting
to trade below the v-wap and the 200 you
can get in on a short position once it
breaks out of this range conversely if
it breaks out on the upside of this you
go for a long position and again this
was another confluence to help me enter
this trade going in on a short position
now the last indicator that i'm gonna
add on here is the pip hunter baseline
overlay but not the whole like
everything involved it's just the chaos
channels that christy discussed in one
of her videos because with the chaos
strategy that she teaches it's great and
everything that she shows in the back
testing is phenomenal because it takes
into consideration every single entry
but if you can fine tune it with the
rest of these indicators and the
strategies that i'm teaching with
support and resistance levels and breaks
and trend lines it's much much much more
lethal so for example here we have the
bottom of this chaos channel you can see
let me zoom out a little bit the chaos
channel basically creates a range on the
top and the bottom and once it breaks
out of that chaos channel that's when
you get in on your short or long
position with this i had everything
lining up with a break in a trend line
trading below the v-wap rejecting off of
this trend line and coming down as well
as breaking out of this frankfurt open
then dropping below this chaos channel
like all of that means to me
this is an entry take it and hold it to
the next support and resistance zone the
reason why i use all of these other
indicators is because if you were to
trade this breakout of the chaos
channels you would have gotten stopped
out of your position but if you use it
in confluence with everything else that
chaos channel strategy is ridiculously
good so when i entered that trade i had
my stop-loss above the v-wap line that
stop loss on us 30 was 82 points and the
take profit on that was
490 points absolutely stellar trade and
i even could have held it longer going
to the next support and resistance zone
down below but continuing on using all
of the things that i just taught you
we've created a new trend line correct
we broke out of that trend line with the
next frankfurt open looking at price
action and rsi we have lower lows and on
the rsi we have higher lows that's your
divergence frankfurt session you wait
until it breaks out of that channel
trading above the v whap line and
breaking the chaos channel creating a
new trend line boom that's your entry
for your new trade targeting the next
support and resistance zone stop loss
below the v whap line and below that new
trend line going by the swing low
looking at an 87 point stop loss with a
296 point take profit level now using
all of this knowledge it will also keep
you from getting into trades that are
worthless for example we had a break in
a trend line started to create a new
trend line then had our frankfurt open
on the low side below the v-wap but
using the frankfurt strategy you will
only use a breakout above or below when
london session starts with this
information we know that when it broke
out of the top side of this frankfurt
range we're not gonna take that trade
because we previously broke that trend
line we're trading below the v whap line
so this long position with that breakout
strategy is completely void having all
of these other indicators on here
keeping you from losing trades so for me
this was a non-trading day continuing on
to the next frankfurt open we previously
broke the trend line danced on this
support and resistance level had our
frankfurt open and had a big fat
rejection off of the v-wap line creating
us a brand new trend line so once it
breaks out of that chaos channel and the
frankfurt zone you're gonna go in for a
long position and you're gonna target
the next support and resistance level
that's 368 points with the stop-loss
below the v-wap and the trend line 108
points it's a one-to-three risk to
reward ratio and it was a beautiful
trade doing this and staying consistent
every day and marking up your charts and
knowing what price action is doing and
it's sticking with one pair the reason
why this works so well is because you
stare at one pair the entire time and
you know exactly what it's doing you
know exactly what it's done and you can
anticipate the movements of that price
because you know it so well it is your
best friend it is the only thing that
you trade now i know this looks a little
bit messy to you guys but because i
showed you how to set it up from start
to finish from having a naked chart to
drawing your support and resistance
levels to then adding trend lines on a
lower time frame you are getting the
hang of how to trade this specific pair
and this works with pretty much every
pair that trends really really well so
of all of the indicators rsi is free fx
market sessions is free v-wap is free
tma overlay is free pip under baseline
overlay is paid but with that paid
indicator you get a packet of seven
indicators as well as access to a badass
discord group so it's worth the money
now if you want more details about sport
and resistance levels as well as
divergences and trend lines there are
links to videos in the video description
of this video and if you want to learn
the strategy that i was discussing that
i learned from the secret mindsets video
you can watch it right here and during
my last live stream my camera broke so i
need to get a new one so i would really
appreciate it if you subscribe to the
channel by clicking this button right
here thanks so much for watching and
we'll see you in the next video