Great video Jeff. I love the specific nature of the information given which helps us understand how precise we need to be around our execution. It is also comforting to hear some of the execution practices we may us are broadly consistent with yours but require some minor adjustments. The clarity in the way you presented this information makes this one of your best. Cheers 😊
This is the kind of video I was looking for is a trader.. I have been to great traders, communities, but everybody teach us on past days chart. Please make more like this
I took AQN long swing trade today following exactly the same logic 7:40, it is astonishing how close my thought process was on a different ticker - even my risk amount and stop logic was exactly the same, only the timeframe is higher
Excellent video with deep insights! In your final example concerning the wedge formation prior to initiating the breakout trade, you specified a 15-20 minute build-up for that particular strategy. Is there a time-based ratio that generally applies to these kinds of wedge breakout plays? For instance, should one expect at least an hour of run-up before the 15-20 minute wedge forms, essentially adhering to a 5:1 Wedge Build-Up Ratio Rule?
Thank you for the awesome information @SMB Capital. In the video you are mentioning multiple exit strategies (Extension, 2 min, volume momentum, EMA). I was wondering how do you decide between those? Is it based on the setup you are taking or discretionary on the price action?
These are all variables you use to set up your playbook and rules. Start from s level, wait for a move, follow a trend, exit when it's over. Translates in this case to a short bias, entry price (5.8) and SL above high (6.1), idea of Target (5), follow 9ema (always as trend indicator in 1-5m chart moves), choose between exit strategy (close of 2 candles ago, close above 9ema, reach a 2:1 RVR. Your question lacks substance. I answered because I wanted to assimilate the content and practice. Hope it helps.
Spot on, beautiful momentum trade. common sense afterwards, it could. be an exercise really. I 'm at 13:35 min I go short on this one, Jeff mentions a breakout, let's watch
Great video! Couple of questions: 1. Why did you set your stop at $6.02 on the first example? 2. On the wedge, how would you have not stopped out on the red candle around 11:58? It seems like that would have been a stop out. Maybe a better way to ask is, why did you target $6.10-20 as exit instead of using an exiting method similar to the previous 2 examples? Thanks for the content! Keep 'em coming
1.If price went above, it would indicate strength. Round numbers are magnets to large traders too. 2.I believe you mean 15:54 red candle. Good point. I would have stopped out too. Can't tell you why he goes for 6.10-6.20 besides hitting 2:1 ratio, simply assuming your stop is set at BE with 2 good trades in the pocket already. Volume might have been telling too...
Hi Jeff, a question about the wedge trade long in the video: what made you decide to continue to hold after the first big red candle and exit after the second? I am trying to understand the rationale for not exiting with the first red candle already. Thanks for your response :o)
What is more helpful is have to decide on a style. Where is the stop going if it’s super tight have to take profits fairly quick. Smaller positions require more room allows adding if correct. It’s hard to watch a style you have no business attempting
pretty sure what he's talking about is that if you were using 2 minute candles that would look like a breakout but it would retrace fully before the candle is closed, i.e. repainting in the example he's using 1 minute candles at least that's what that means in the context of tradingview
1 minute chart doesnt give you any information about PA or volume, just noise. And its easy to show trade in market replay because you can find best possible situation. Live replay of trade is better.
As a 1min (and 15sec) chart user myself I couldn't disagree with you more. The 2nd trade long off $5 Jeff took is a brilliant example the power of a 1min chart and the volume spike on the candle he initiated that trade was the most critical piece of information in it. That's the beauty of trading; 1min, 5min, 30min etc etc, that all can work
1 minute chart is a much greater time frame to find a exact entry point. Only great traders use all time frames to make their trades, keep going champ maybe you’ll make some profit one day!😊
SMB's (free) Trading Workshop: tinyurl.com/mawk8ds6
I loveee these "semi live" bar by bar examples from Jeff
I've watched many SMB Capital vids (all great) and this was a cut above. Jeff's bar by bar walk through is exceptional training.
Really enjoy concrete entry and exit examples given here. Would love to see more videos like this. 👍
Great video Jeff. I love the specific nature of the information given which helps us understand how precise we need to be around our execution. It is also comforting to hear some of the execution practices we may us are broadly consistent with yours but require some minor adjustments. The clarity in the way you presented this information makes this one of your best. Cheers 😊
Excellent detailed example of how you pro traders would execute this trade. More just like this. Thank you, Jeff.
thank you!
I’m a scalper Mike! In and out like a sniper! Finally found want my niche! Great video by the way!
Good to see again Mike been a while !
SMB blowing Everyone out the water!! Thx guys for help us learn THE RIGHT WAY TO TRADE!
This is the kind of video I was looking for is a trader.. I have been to great traders, communities, but everybody teach us on past days chart. Please make more like this
we will do more on this
Great pedagogy! Very interesting. Clear and easy to understand. Looking so... simple!
I took AQN long swing trade today following exactly the same logic 7:40, it is astonishing how close my thought process was on a different ticker - even my risk amount and stop logic was exactly the same, only the timeframe is higher
Excellent video with deep insights! In your final example concerning the wedge formation prior to initiating the breakout trade, you specified a 15-20 minute build-up for that particular strategy. Is there a time-based ratio that generally applies to these kinds of wedge breakout plays? For instance, should one expect at least an hour of run-up before the 15-20 minute wedge forms, essentially adhering to a 5:1 Wedge Build-Up Ratio Rule?
Love your video's thank you for sharing . learning something new each and every day :)
Good video. Please do more like this with the chart executions.
more to come!
What a great learning exercise. Many thanks to this channel !
Thanks for covering this highly important topic, Jeff.
Great video. Thanks!
you bet!
What’s the best way to trade ?
Thank you for the awesome information @SMB Capital. In the video you are mentioning multiple exit strategies (Extension, 2 min, volume momentum, EMA). I was wondering how do you decide between those? Is it based on the setup you are taking or discretionary on the price action?
These are all variables you use to set up your playbook and rules. Start from s level, wait for a move, follow a trend, exit when it's over. Translates in this case to a short bias, entry price (5.8) and SL above high (6.1), idea of Target (5), follow 9ema (always as trend indicator in 1-5m chart moves), choose between exit strategy (close of 2 candles ago, close above 9ema, reach a 2:1 RVR. Your question lacks substance. I answered because I wanted to assimilate the content and practice. Hope it helps.
awesome Videos thanks for sharing
😀
the bestt trading videos i seen
Spot on, beautiful momentum trade. common sense afterwards, it could. be an exercise really. I 'm at 13:35 min I go short on this one, Jeff mentions a breakout, let's watch
as we were filming it, I thought it would be a short too! why we put stops in :)
Damn SMB coming strong in a Slow Market.
Good explanation😊🍀
thx!
I use the 9 Ema for Exits. Love it.
sounds good to me...thanks
This video is elite
Great video! Couple of questions:
1. Why did you set your stop at $6.02 on the first example?
2. On the wedge, how would you have not stopped out on the red candle around 11:58? It seems like that would have been a stop out. Maybe a better way to ask is, why did you target $6.10-20 as exit instead of using an exiting method similar to the previous 2 examples?
Thanks for the content! Keep 'em coming
1.If price went above, it would indicate strength. Round numbers are magnets to large traders too. 2.I believe you mean 15:54 red candle. Good point. I would have stopped out too. Can't tell you why he goes for 6.10-6.20 besides hitting 2:1 ratio, simply assuming your stop is set at BE with 2 good trades in the pocket already. Volume might have been telling too...
Thanks! Yeah, 15:54 on the video. The candle was at 11:58am on the chart.
Yes, the advice on 1. make sense. I appreciate the reply.
@@JeroTrades
Hi Jeff, a question about the wedge trade long in the video: what made you decide to continue to hold after the first big red candle and exit after the second? I am trying to understand the rationale for not exiting with the first red candle already. Thanks for your response :o)
I like the 2
Bar break exit strategy
Thank you
Welcome!
when you enter PM low, do you wait for a 5m candle close below? or enter without the close?
Hi happy Tuesday night
For this particular trade, do you enter with stop-limit or with market? Thanks
most would use a limit to enter rather than market order
What a picture perfect chart pattern
How u define an important level?... Example when u also see it from daily and weekly time frame?
definitely something you can see on a daily or weekly would suffice. Whole numbers also can act as important levels
It's impossible to listen to Jeff without getting excited about trading
What do you think of footprint charts verses candlesticks?
I'd say all our traders use candlestick charts
❤
👍
Want to ask a question does your training work on forex?
most concepts can be applied to forex but we aren't focused on that at SMB - mainly stocks and options
What is more helpful is have to decide on a style. Where is the stop going if it’s super tight have to take profits fairly quick. Smaller positions require more room allows adding if correct. It’s hard to watch a style you have no business attempting
Candles repaint themselves.. Never heard that before.. Usually call that an engulfing candle but I like Repaint!
pretty sure what he's talking about is that if you were using 2 minute candles that would look like a breakout but it would retrace fully before the candle is closed, i.e. repainting
in the example he's using 1 minute candles
at least that's what that means in the context of tradingview
@@thrls hopefully red candles get repainted tomorrow
Do you have any videos on how you score earnings?
Search?
According to Brian Shannon's methodology, you've got your VWAP settings incorrect. It should be ohlc not hlc.
Why are SMB meetings at 11:00 am? Traders stop trading at that time?
they could still be in trades at the time. We do the meetings virtual most of the time so traders are still at their trading desk while in the meeting
Smb capital is trading only skalping?
Search? (Scalping) K is for language killer$ 😂
How did you (hypothetically) anticipate that "stuff" candle?....it could've went away from you.
Seems to be easy
First
☦💛🙏✝️
1 minute chart doesnt give you any information about PA or volume, just noise. And its easy to show trade in market replay because you can find best possible situation. Live replay of trade is better.
Lol OK buddy
Lol..i trade 1 M..GFO dude
😂 1 min chart is where you actually improve in trading
As a 1min (and 15sec) chart user myself I couldn't disagree with you more. The 2nd trade long off $5 Jeff took is a brilliant example the power of a 1min chart and the volume spike on the candle he initiated that trade was the most critical piece of information in it. That's the beauty of trading; 1min, 5min, 30min etc etc, that all can work
1 minute chart is a much greater time frame to find a exact entry point. Only great traders use all time frames to make their trades, keep going champ maybe you’ll make some profit one day!😊
Second 😂
Pure hokus pokus. Do it live.
I love secrets! tell me more!
❤