How to Trade Tight Areas in Stocks for Profitable Trades
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- čas přidán 29. 05. 2024
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Unlock the secrets hidden within stock charts! In this video, we dive deep into the powerful concept of tight areas and how they can signal major stock breakouts. Learn to identify these low-volume, sideways consolidations often preceding explosive price moves.
Discover why tight areas are a strong indicator of institutional accumulation and how you can use this knowledge to your advantage. We break down real-world examples, including a detailed look at Tesla's incredible 2020 breakout, to show you exactly how to spot these patterns in real-time.
Master the art of tight area analysis and add a powerful tool to your trading arsenal. Learn how to combine this with other technical indicators and strategies to increase your chances of spotting winning trades before they happen. Don't miss this opportunity to take your chart reading skills to the next level!
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Thank you for going through the fundamentals with such great details!
I might be late to ask a qns on this video but i'll try...
1. How do you handle pre-market gap ups from a tight area?
2. How do you handle intraday fakeouts?
We just did a video on the high volume edge which pairs with gap ups: czcams.com/video/zd7dVACK34c/video.html
For fake outs as long as they don't hit your stop it's usually best to stay in the name.
@@TraderLion thank you!! 🙏
Hi, hope you make a video about how to trade on pullbacks, something which is very useful specially now where the major indexes are going down. Thanks
We’ll add it to the list of videos to make! Thanks for the suggestion.
Brilliantly explained. Thanks guys.
Glad you enjoyed it!
Undoubtedly, wonderful explanation of a very important concept.
Thank you! Glad you enjoyed it 🙌🏻
Enjoyed. Very helpful.
Great to hear! More of these shorter one concept videos to come!
2R as a blessing for new trader..thank you so much,2R ❤
Our pleasure!
Really good video, Thank you
You are welcome!
I’d like to back test reward to risk offered by tight areas below and abov the base break out. Anticipation vs confirmation zone
That'd be a great study while building your edge!
How do u manage stoploss? Percentage cutloss or technical cutloss?
Ideally, you would set up a 3-level stop loss scenario where you stop out on 1/3 if it comes back inside the breakout level, another 3rd if it breaks the low of the base from which you took the breakout from, and the last line in the sand a break of the primary moving average from which the uptrend has previously held if it breaks that then, in theory, the trend has done something different, and its time to set aside, and wait for it to come back up again and reload if all else remains the same....my humble suggestion/opinion; target profits in 3rds as well....a common scenario would be take 1/3 at the 127 ext, another 3rd at the 168 ext, while raising your stops of course, and the final 3rd you play for a bigger move, potentially keeping it until the primary MA is breached.....
Everyone does it differently, but pairing key technical levels with an acceptable level of risk is the sweet spot.
@@SqueezeTrader super guidance..thanks
My concern is how to scan tight areas since there are thousands of stocks we can't scan all. Must have some scanner.
deepvue.com is the best way to scan!
joe rabil as a future guest,,,,fits well sharp guy
Thanks for the suggestion!
Only works if youre trading in the same currency as the index...most arent
I'd bet that most are, but would love to see a breakdown of participants and also capital by currency.