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Day Trading Tutorial For Beginners - Duration: 12:46.
in this video I want to diagnose technical analysis and how do we know
when is a good time to buy and when is a good time to sell okay so what we're
going to be using is trading view now if you guys don't know what trading view is
it's a charting platform with a ton of different features a ton of different
features so I'm actually probably going to be starting a series going over
everything that trading view has to offer pretty soon but for those of you
guys who have not used trading view p4 I will leave there'll be a link link
somewhere in the description for link to training B if you guys want to check it
out but trading view is what we use so right now on the screen you guys
probably are a bit overwhelmed by all the different things we got red lines
blue lines purple lines all types of lines even pink lines so what is all
this and what does it all mean right so these indicators are all used in
conjunction to give me a better idea of when to buy something and when to sell
something so let's actually try to minimize some of these things and focus
on some of the fundamentals first so first off technical analysis is all
about finding trends finding patterns and trying to predict where the price of
an asset is going to move right so something I like to focus on is momentum
I really I'm really a momentum trader I have been since I started trading stocks
in 11th grade a few years ago and since then I've really honed in on my strategy
of knowing when to buy and knowing when to sell using simple techniques of
identifying good momentum so there's two intervals that we're going to be using
for day trading and you can see here I have them favor did I like to swing
trade a lot so that's why I had the four hour in the one day but for day trading
you're gonna want to focus on the five minute and one-hour time intervals now
that's the first place we're gonna start so the time interval is really going to
allow you to trade with quick trades these time intervals are going to be day
trades specifically and they're gonna be trades that don't last as long as some
other trades would possibly on the 4-hour time interval or the one day time
interval now if you guys don't understand this all don't worry you just
need to understand that want to be using the five-minute time
interval and the one-hour time interval so now that we have that selected now we
really need to get into all the different indicators that we're going to
be using right so to start off I want to start off with some of the simple
indicators like the RSI and the MACD so in order to get these up why don't we
just X them out here and you're just going to come up here to the top select
indicators go into the search bar and type in the RSI actually have type in
MACD first let's type in the MACD and then erase that and type in RSI and you
just want to choose the relative strength index so now that you have both
of those selected those are the first two indicators that we're going to have
up here and these are really the most important indicators in my eyes
maybe then at the most important but they they definitely have a pretty large
emphasis on the trading strategy so starting off with the RSI I'm just going
to bring this up on the full screen what you want to look for is an oversold
signal now what is an oversold signal right so you see on the RSI we have a
purple line and then we have a purple shaded area and then we have a top area
that is not shaded and as well as a bottom area that's not shaded either so
we want to focus on this purple line okay now this purple line fluctuates
between this purple shaded area sometimes goes above the shaded area and
sometimes even goes below the shaded area now what we want to focus on when
we're buying we want to focus on when this purple line goes below the shaded
area okay now why is that right the RSI basically determines the overall
momentum and takes into account the buyer side and seller side momentum on
the specific time interval so what it's going to tell you is when when the
purple line gets below it's going to basically tell you this asset is
currently more on the oversold side on the oversold side so what does the
oversold side really mean that just means basically sellers have been
selling it like crazy and pretty soon they're gonna run out of momentum
and normally the buyer side will start to increase and start to buy back now
you said you heard me say normally all the time it does not mean that buyers
are just going to swoop in here and start buying just because it's oversold
that just means you know rule of thumb if it's below the shaded area generally
it is more oversold than normal I normally buyers will start to buy in
here now there's other techniques that we need to use to make sure that the
price is going to rise from the point that we buy it that we'll get into a
little later but just know that we want to be buying when it is under this
purple shaded area signaling that it is oversold and as you can see as we scroll
back there's not a ton of opportunities but once we learn how to take advantage
of these opportunities really well we'll be able to capitalize on them and get a
pretty large percentage gain off of each and every opportunity that we do take
advantage of so that is the RSI like I said allows you to kind of determine
whether it's oversold or overbought and just a quick rule of thumb just like
it's once below the shaded area its oversold if it's above the shaded area
it's generally overbought so more of a better time to probably sell at a profit
unless you feel that for some reason that's going to continue to climb higher
now let's get into the MACD that is another pretty general indicator that I
love to use and also allows you to kind of determine the overall momentum of an
asset and where the price is most likely going to go so you can see on the MACD
we have a blue line as well as an orange line then we have this middle area with
these different like pink lines right and they go up and down they seem to
fall on a middle line right at zero so starting off with these pink lines the
pink lines basically tell you which way the volume is most heavy so what I mean
by most heavy is it's more than the other side so when the pink lines are
pointing to the downside that means there is more seller volume and when the
pink lines are pointing towards the upside that means there's more buyer
volume so you can generally a rule of thumb know that there's more momentum
towards the buyers side if the pink lines are pointing up and if it's going
towards the downside you can generally know that sellers are currently selling
more than the buyers are buying so we're going to use that in conjunction with
these two lines so with the blue line and the orange line they're moving
averages so the one is a 12 day moving average one is a 26 day moving average
the 12 day is the blue line the 26 is the orange line and what we're going to
use those for is to identify the trend and momentum so how do we do that we
basically identify the crosses in these two lines that will allow us to know
when something is having more momentum towards the down side or towards the up
side so what you want to look out for you don't really need to know all the
fine details on what is a moving average and everything like that we'll have
other videos on the channel that will diagnose that in the future but what you
need to know is when the blue line crosses up and over the orange line so
when the 12 day moving average crosses up and over the 26 day moving average
that is a bullish signal that shows bullish momentum towards the buyer side
and as you can see right where it crosses you start to get those buyers
side pink candles shooting up so it's showing
that buyer side momentum and if we actually come out here real quick right
where it's crossed you can see right around here it actually started to go up
and clearly there was not a ton of momentum but the price still went up so
as you can see that is kind of how the MACD works and then vice versa let's say
we thought the price is going to drop just take a look at the MACD
we see right here the blue line crosses under and below the orange line which is
a bearish signal right and in conjunction with that we see the pink
candle start to go down showing that there is a lot of seller volume here and
then when we line that up with the actual price we can clearly see right
where it crossed we started to push down and we went down from about 13 60 all
the way down to 13 flat so as you can see that is how we use the MACD and
using the MACD in conjunction with the RSI it can be very pallet powerful
because let's just say this let's say we get a signal that something is oversold
right right this point at 1300 okay we can then take
a look at the MACD wait for a cross possibly enter there or even before that
at a better price and are able to get a very quick profit out of a little jump
right so we could even just squeeze out you know point six obviously that's not
a ton but in ten minutes it's not bad at all of course this is a smaller term
trade it didn't really rise that much kind of got shut down by the 200-day
moving average which is something else we'll get into eventually but clearly
that was not the best trade but still an example of the fundamentals of the
trades that we're looking out for now of course we don't want to be just shooting
for point eight one percent every time so we're gonna have other rules that we
build into our trading strategy that of course we'll get into as we continue to
talk about this but that is basically the to beginner indicators that you need
to be using now I have other indicators on here I have as you can see a light
blue line a dark blue line a red line unfortunately you guys will not be able
to have all of these different indicators on at once if you do not have
a upgraded version of trading view so if you want to get that upgraded version
you'll have to check that out and decide if you want to but anyway let's continue
on with this this part of the video so like I said we're gonna be entering in
when it's over sold on the RSI and then allowing that MACD to show us the volume
and this will kind of allow us to know if we want to stay in the trade or not
or at what point we want to you know back out and generally you know when you
want to sell when the MACD starts to curve down and you and you can see that
that momentum starting to fall right so that is basically what you want to look
at for the 5-minute and then for the 1-hour overall I use the one hour more
so to be able to know in the medium term where is the momentum of the specific
asset going because as you can see we're trading in the five minutes so this is a
very small you know window of time so you want to always have a longer-term
chart to be able to know is is the asset currently moving up in the medium to
long term when we're when we're trading in the short term okay so that
it's what I use the one hour for to kind of judge the MACD as well as the overall
momentum and volume is it moving up in the medium to long term or is it going
down or what's really happening so those are the two time intervals you guys want
to focus on as well as the different things you want to look out for in the
next video we're going to get into exactly how we know when to buy using
things that are actually negative to buy Nance like the order book and everything
like that that is very helpful when it comes down to it one thing I did not
mention is with the RSI when it goes below 30 you can actually set alerts on
trading view to alert you when it goes below 30 so all you have to do here is
run over to the RSI you hit that plus button ad alert and then it will add it
right here you go to the setting tab you just highlight it as 30 so now it's
going to alert you when the price of the asset goes below 30 RSI showing you that
it is oversold unfortunately like I said if you have a free plan on trading view
you will not be able to do more than one of these alerts but at least you can do
one if you want to focus on one point at a time to trade if you guys arrived
watching this right when this comes out tomorrow we'll be doing a video on
showing you guys the complete strategy a tizzy how we identify a coin everyday
how we do our technical analysis and then how we actually use the order book
as well as some other features on buying ads to actually enter our trades exit
our trades and set our stop losses as well so hope you guys enjoyed this video
stay tuned for the next video which will be dropping tomorrow and hope you guys
enjoyed and I'll see you guys in the next one have a goin guys
you
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WOLFOO CLEAN HOUSE 💖Cartoons for kids - Duration: 2:33.
Welcome to Wolfoo - Official Channel
Enjoy watching this new episode :))
WOLFOO CLEAN HOUSE
Thank you for your coming!
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Noragami[AMV]-One For The Money - Duration: 3:21.
Everybody in the world are you with me?
It's too late to try to run, we run the city
It's my time, it's your time,
Held me down, now it's don't give a fuck time
It's go time, it's show time
Sing it with me everybody let's go
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Let me see you start a war, start a riot
When there's nothing left to burn, hear the silence
Hate me, you can't escape me and you ain't ever gonna change me
I can't stand it, I've fucking had it, I'm about to blow
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Cause it's one, it's one, one for the money
Two, it's two, cause two is for the show
Three, it's three, three get ready,
Are you ready motherfuckers? Are you ready? Let's go!
Are you ready? Let's go!
Are you ready? Let's go!
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MAX DISCOVERS EASTER EGGS SECRET 🐶 Pencilmation Cartoons For Kids - Duration: 2:20.
Hello everyone. Back on Max's Puppy Dog with another episode:
MAX DISCOVERS EASTER EGGS SECRET
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And don't miss the ♪BELL♪
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