you guys know me and the way that i like
to trade i like to scalp the markets in
and out of my positions
really really quickly but one thing i
haven't covered on this channel yet
is swing trading being able to get into
a position
and hold it for days if not weeks
many of the top traders in the world do
this and the amount of money you can
make off of swing trading the right way
is absolutely incredible so in this
video i'm going to show you a
fantastic indicator that can help you
get
long-term swing trades and honestly i
was a little bit shocked by the results
[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
all right so when i first started
trading i would place a trade and i had
no idea what i was doing and then i
would hold the trade and i'd be like oh
cool i need to hold it longer
i'm just gonna go to sleep and check it
tomorrow it was extremely extremely
difficult for me to do that because i
would wake up in the middle of the night
and like
check the status of the trade i couldn't
just set it and forget it plus there was
no real like
confidence behind my entries so i might
as well have just flipped a coin now if
you guys don't know what swing trading
is
it's being able to take an entire trend
from top to bottom
and ride the entire trend down whether
it takes three days or four weeks to
finish
you ride that entire wave down the
entire time
now it's best to do this on things that
trend really well
for example this would work far better
on us 30 than it would on
dogecoin dodgy coin dodgecoin anyway
let's jump into the charts i'm gonna
show you exactly what i'm talking about
all right so when swing trading you want
to look at higher time frames
being able to see market trends on a
higher time frame
is absolutely essential you can't swing
trade on a one-minute chart it's just
not going to work
so my favorite time frame to play with
is the one hour
when you pull up us 30 on trading view
on the one hour chart
this is what it looks like but what i
need you guys to do is keep in mind
specific support and resistance zones
this is the number one thing that you
should do whenever you're analyzing
any price action on any chart if you
guys want to learn how i mark up my
support and resistance zones watch this
video right here so now that we've got
this
all marked up you can see key support
and resistance levels
wherever there was big rejections on the
upside and the downside
and you don't want to go too far back
because this price action is completely
irrelevant
when looking at the current price now
what swing traders do
is they catch these gigantic momentum
moves and just
rock this thing all the way down top to
bottom catching the entire move
and holding their trade long term this
right here was a 13 day trade
one day one day i'll be a good swing
trader when drawing out these levels
you're basically creating a visual
representation of the market structure
moving between these levels up and down
you can see as the price starts to go
down
these levels show a little bit of
resistance but it eventually starts to
decay
and the bear market has commenced now
the indicator that i'm going to talk to
you guys about today you've probably
seen the advertisements
everywhere they are very active on their
facebook advertising
it's called lux algo i'm a big fan of
indicators because it shows you
things that you wouldn't normally see
like you can't analyze price action from
the last 16 months
in a split second computers can do that
for you also i'm an indicator [ __ ]
and i've probably tested every single
paid indicator out there trying to find
the magic one
anyway recently i did a video and
somebody saw that i had lux algo
in my favorites list and it's been
highly highly requested that i do a
review on it so i reached out to them
we came to an agreement and i actually
got you guys a pretty damn good discount
on this so let's look at the indicator
and see how it works with swing trading
so to add the indicator really quick i
mean you're just going to type in lux
algo
so with the lux algo package there's
three indicators but the main one i want
to focus on
is their luxe algo premium now what it
does is basically just give you
a buy sell indicator whether it's a
normal sell or a strong sell
or a normal buy or a strong buy now i
really need to warn you guys
using an indicator without any knowledge
of market structure and the basic
fundamental things you need to know as a
day trader
it just doesn't work magic indicators
don't exist but if you understand market
structure and you can easily mark up
your support and resistance zones
you'll be able to be a better trader so
laying the luxe algo
indicator over my chart that's already
been marked up with support and
resistance
you can see now that as we test these
zones and get
signals you can easily target next zones
this is perfect for scalping however you
want to
avoid these ones that are in the middle
if we are between
zones and not really strongly rejecting
off of these support and resistance
levels
you do not want to take these i've seen
a ton of videos reviewing lux algo and
back testing it for a hundred trades
you've probably seen the videos as well
but just like with any other indicator
you do not take every single signal you
want to wait until you are at the bottom
or the top of that range to actually get
the move to the next support and
resistance level so
this one was a useless signal but this
one right here
could have got you up to the top of this
range then again right here with strong
momentum down
you could have rode this one down to the
next level i really can't stress enough
how important support and resistance
levels are on your chart you should be
doing it
every single time you open up a new
asset to trade
okay so we're talking about swing
trading how do you get this
entire move i've been playing with this
for over a week now and i've been
adjusting the settings
and this is their new version version
3.10
there are a ton of things that you can
adjust and if you are an advanced trader
definitely play with the settings and
find the right ones that best
suit your trading style this indicator
should be used as a confluence for your
entries for your trades
not the only thing determining whether
you go long or short now
how do we rock the entire trend you just
get into the settings and right here it
says
autopilot confirmation signal settings
once you do that a lot of the noise with
all the buying and selling signals
gets reduced and this way you're able to
hold
trades long term now you can see this
range of consolidation right here and
you guys know how i feel about
consolidation the sell signal i want to
focus on
is this one right here this one sell
signal started here
and you were able to ride this trade all
the way down
through each one of these support and
resistance zones drawing a measuring
tool on it
this entire trade was 14 days
and 1423 points
meaning that if i was trading on my
broker a .01 with a 100 contract size
this 113 day move
would have made me 1400 on a 0.10 it
would have gotten me 14
000 and if i was a big baller in trading
one lot
size i would have gotten 140 000
on this one trade now hiding the
indicator for one second i want to show
you guys a quick trick on trading double
tops and rsi divergences so as you can
see we had a top here
and then we tested that level again
right here right before we got that
signal and as you can see the
rsi was extremely overbought right here
even the price being at the same level
the rsi was lower that right there is a
prime example of a double top
rsi divergence so once you got that
divergence
and then lux algo spits out this sell
signal right here with the autopilot
turned on basically you're just keeping
your stop loss above this level right
here and you're monitoring the trade as
it breaks through
each one of these levels making sure
you're not getting the opposite signal
of a buy or a strong buy you can
literally just ride this thing down even
if you wrote it down to here
it was still a 1250 point move and one
of the cool things that you can do to
make sure you're following the trend the
entire time and not getting out too
early
is just click this indicator overlay
that says trend
tracer and you can see we were red the
entire time and you could have held this
trend
all the way down to here and you just
rinse and repeat i mean
even if you held it until you got this
buy candle huge profits
once you get the buy signal get in again
and even this recent move that us30 had
you're
up 875 points in six days that's a lot
of profits that you can have if you have
a large enough account size to handle
indices
now if you have a hundred dollar account
definitely don't be trading indices but
you can use that hundred dollars to get
a funded account which i explained in
this video right here
now this video is meant for beginner to
intermediate traders
why do i say that so many beginner
traders and even the intermediate ones
do their analysis
and they look at the charts and then
they hesitate on entering their trade
then as they keep watching and watching
their trade simply passes them by
and they didn't commit to it and they
didn't even get in even though they were
right the whole time now imagine doing
all of your analysis
watching the trade and then it prints a
buy or a sell signal for you
not only is that a big confluence to let
you know that you are right in your
analysis
but it helps you get a better entry once
that candle closes
that printed signal becomes permanent
you get in on your trade
and you monitor it through each support
and resistance level
how do you do that without staring at
the charts the entire time when the
price reaches the next level you just
set an alert you can add an alert on
trading view
for any price for us 30 or anything else
whatever you're looking at now there are
two other things that i'm not going to
discuss
in this video that lux algo actually
offers it's their lux matrix premium and
lux
oscillator premium if you are an
advanced trader and you really want to
tinker with the settings to best
suit your trading style you can use all
of these indicators all together
showing you the strength of the market
as well as individual divergences
like you see here on the oscillator
remove things that are too noisy for you
adjust things to better suit your style
seriously you could probably sit down
for about
three days straight just playing with
all the settings on luxalgo but if you
just want a cleaner chart and you just
want buy and sell signals and you know
how to do your structure analysis
putting up your support and resistance
levels i mean it's worth trying so if
you guys want to give it a shot
follow the link in the description down
below it's going to take you
to lux algo's website on the top right
hand side right here you can click
buy now and this is the monthly price it
is a monthly indicator but because i
contacted them
i was able to get you guys a discount so
what you're gonna do is click the
subscribe button
there are two steps where you put in
your information your email and your
address
and then on the third step right here it
says lux algo premium monthly whatever
blah blah blah
you click on that and right here you can
enter a coupon code you're going to type
in
tma20 all caps tma200
and then click this little blue arrow
and your price is going to go from 67.99
to 54.39 please for the love of god if
50
is all you have in your bank account and
you want to get rich quick
do not buy this do not spend all your
money on an indicator but if you are
financially able to 50
is a reasonable price to pay for an
indicator and you can test it out for a
month if you don't like it after a month
just cancel it and as you all know
youtubers use affiliate links so that
link that you're gonna click is an
affiliate link but
what i actually decided to do because i
don't really need that money
is at the end of the month after
everybody's signed up and tried this or
whatever
i'm gonna take all of the money that i
made from the affiliate links and just
do one big ass giveaway at the end of
the month so that's my
honest unbiased review of lux algo
it's good but some of the signals you
should not take because you know that
a sell signal right here at like
literally a level of support and
resistance is not a good signal to take
just like all indicators
some of the signals blow but some of
them can get you
1440 points in 13 days
so i really hope you guys enjoyed this
video if you got some value out of it
and you like the way that i teach and
you like the things that i do here
consider subscribing to the channel by
clicking this button right here and if
you want to see some bloopers watch this
video till the end
thanks for watching we'll see you in the
next one
the joe rogan experience