How to Draw Trend Lines the RIGHT Way on CANDLESTICK Charts
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- čas přidán 29. 05. 2024
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❤ do you have something that maps pattern to trading or hedging strategy? 🎉 also the period shown and sampling interval change the the trend lines, so how do you decide if you want to look long or short on the trend line???
This is one of the most important trading videos I’ve ever watched. Thank you so much Ross.. what a blessing that this is free. You are the real deal Ross.. a true master of your craft, an O.G. Thank you so much.
I'm a visual learner. Would it be possible to do some 5-10 minute videos on those patterns on youtube???
Thanks for the suggestion!
Kept in mind the psychological support and resistance levels of whole and half dollars this morning. That kept me from taking a trade with a stock that kept peaking barely above $2.00 and then collapsing.
I'm paper trading a 2k small account for the last 2 months up just over 50%.
Inspired to even attempt this watching this guy.
Thanks for the knowledge.
Ross, you’re a walking stock trading encyclopedia! Your memory and knowledge are mind-blowing. Thanks a ton for teaching and guiding us-you’re the best!
Thanks Ross, I was just about watch a video about trendlines and I got a notification on my phone about this video. Thanks 🙏
Your ability to educate is beyond all others I have tried. Thank you! Master of your trade.
WOW!
It’s like you’re reading my mind Ross. 😅don’t stop
I was surprised how the chart met up with trend lines I drew on LUCY yesterday. Mind blowing
Same. It's like magic lol
Candles! Red, green it's why we love trading so much, reminds us of "Christmas" all those red and green candles.
Graph on a white background is better. Nice topics and explanation. Thank you.
Did anyone else trade SMFL today?! That was a wild ride for me. I'm paper trading for now, but played it safe trying to trade off the micro-pullbacks. Try is the key word.
As soon as I got in on the green, the stock plummeted! Then I would ride it out until it came back up just enough to make a profit (not trading, LOL!) The second I got out, it would shoot up! This happened so many times, I thought I was causing it!
Long story short, I saw this pattern enough to pull a $280 green day!
Thank you Ross. Your videos have taught me alot
The “Bob Ross” of trading. Your chart understanding and teaching are an ART. Thank you! You help me make my first $1000 on the market 🫶
Thank you Ross. Your Knowledge has helped me tremendously in my trading journey.
right on time... just want to improve my trendline drawing. thanks Ross
I needed this thanks Ross
Perfectly explained, thank you
So helpful. Thank you for sharing
super important concept, Support and Resistance is a game changer
Great info Ross! Better than a book.
Yes this week was able to end in the green and took 46 percent of profits best week this month now getting ready for June just building a small account challenge started with 78 bucks now it’s over 727 bucks it’s working
You the man thanks ROSS
Your the best! thank you
Hello Ross, thanks for these videos and you are really amazing in explaining these techniques. can i request you to make a video on how to setup benzinga pro for news?
Hi, thumbs up subscribed and always appreciate it. Thank you, Ross.
Amazing well done
Much Appreciation
Wonderful tuts on trendline. I also would like to know: is there a video for the technique shown in this video's thumbnail image?
Hey Ross-Hows the “Heat map” working out? Does it, by chance, show hidden sellers/buyers?
No good stocks today, did some futures today instead.
The only good ones I saw were AMC and NIO. What futures did you trade?
today not much stocks meeting your criteria
onmd was nice, touch n go, the others are rubbish, not all the day worth to be traded, trade is like the blues, even you don't play, you play 😂
It was slow today a lot of consolidation on what I trade
MNTS was probably the only one that had a good shot. And it it was pretty good for MNTS.
Thank you. What platforms are you using to trade?
I have Schwab and i don't see an option for the candle stick pattern.
I am new, learning and your video is the first that explains the process.
thank you
Thank you
H ross, this is very good that you can see the float on the chart ! What boeker you use ?!
This screen on the left is TI or belong to the broker ?!
Do you think you could do a video on how to be a MOMO trader without access to premarket/level 2 data? For someone like me, I’m not prepared to spend hundreds of dollars to get extra data when I’m still paper trading.
How do you get in on trades that are moving up fast. By the time I notice it's to late.
That's supposed to happen . Look at the bull flag pattern . The stock moves up fast on breaking news.ubwait for a one minute pullback then enter when it makes a new high
Hi Ross! Would you buy into a halt-down if it's happening on a well respected support level?
Please make a video on rsi and Bollinger band
I can’t wait for your analysis of stock LPA 😂 which went from $33 today to insanely over $200 with 140,000 volume only
now it's $450!!!
Are you familiar with Gann square? If so, can you do a video on it?
I binge on you....😂
Great
Where can I access these charts to look at? I’m on robinhood and I can’t use there charts to trade with
Can someone please explain to me what is the rationale behind those diagonal lines besides that other traders see them? I don't really understand how they could become resistance/support. However it seems to work, so it is quite mind blowing, a bit like magic
They work sometimes, it's just a helpful way to determine trend quickly.
@@DaytradeWarrior thanks for taking the time to answer to a random viewer on an older video. I really appreciate.
And also thanks for confirming that there is no real simple explanation behind the trend lines other than experience.
How abt SMMT!
Maybe someone can help me understand this better. Support and resistance is not like a balloon or a shelf where one supports and the other holds it back. Why do stocks stop at these inanimate points? This is what always confuses me. Was there a reason the the points have created support and resistance and why? Thank you
You can check out this blog post on support/resistance here: www.warriortrading.com/support-and-resistance/
😠👍I get angry when people disturb me when I'm in Ross class. Do NOT interrupt me when I'm in class!!!
😂
Does the MACD indicator automatically show up on a chart or do I have to set it up?
Automatically
@@_The_Last_Ronin_ Ok thank you!
If you would use the new type of charts that show level 2 on the chart you wouldn't need to draw anything because you would know if theres resistance
Where can you see the new charts? WeBull?
@czachcross123 no there's a new type of chart called book map it basically shows the level 2 visually so it's not numbers meaning you can see If there's a big sell order
Today I was watching a stock that had a lot of volume. However; the price would only move .05 to .07 cents. Why?
I was wondering the same cause the float on the stocks I trade were way higher then average volume but very little movement
Can be because of no news or penny stock. People who trade penny stock doesn't have to pay brokerage fees. Brokers like thinkorswim
Volume is a combination of buying and selling. The volume candle becomes the color of the side that prevails in that time frame.
I'm new to trading but I remember Ross showing one of these high volume stocks that aren't volatile and it was because institutional algo traders were in control. They somehow make money by simply buying and selling stocks.
half hour and whole hour. because everyone says so. which is good.
ross, you always explain the upside of the trend, but you never explain what to do when the trend is down.
"Cup and handle leads to pull back". Goes on to show a break through 😂😂. Am i missing something? 😂
Market is often unpredictable, although it "should" doesnt mean it "will" but who knows, this is my second week day trading
I had LPA pulled up on my computer at 60 a share and I took a nap, When I woke up. I refreshed my page and LPA is up to 200. 😭
That’s heart breaking.
🌟🌟🌟
For the love of g@d, can someone please explain to me why the open price of a 5 minute (or any smaller interval) candlestick isn't exactly equal to the previous candlestick close? I can't find this anywhere on the internet or youtube. does this have to do with how price is determined by orders? my brain hurts, please help!
The candle represents history, and it moves fast. Latency lags, but dollars don't, so you can see the gaps.
That's what I have come up with so far as I, too, have noticed these skips.
The price usually goes back after 5-10 minutes. A lot of people trade right as the market opens or there could of been pre market trading that you can’t see
Or a news catalyst boosts its price so investors buy as soon as the markets open
THANK YOU ROSS CHAMPION
👍🧿
His t shirts... smtg.
When AI kicks in, it is going to eat all these profits.