Red Dog Reversal Case Study: Spotting Who’s in Control
My favorite strategy — the Red Dog Reversal — helps me spot reversals. But it can also help you determine a change in active control from the bulls to bears (or vice versa). That’s exactly what happened on Wednesday. This is the chart I showed that day: On Wednesday, SPY broke below Monday and Tuesday’s lows ($285.58 and $286.03), and then reclaimed them to trigger the Red Dog Reversal long signal. The stop would go at the low of $285.25. If I like the follow through, sometimes I take a third of the position home as a swing trade. And in the updated chart, you can see how the trade followed through for the rest of the week, with SPY getting up to resistance at $294ish. So what’s the big lesson? When a pivot low holds, that low becomes a battleground. The computers use that level to stop out longs and shorts. And the movement after tells you whether the bulls or bears are winning. In this case, the bulls won. Positions Disclosure: As of 8/30/2019 at 12:27 p.m. ET, Scott J. Redler was long SNAP, GLD calls; is short ROKU, GLD calls
Continue Reading -->How to Use Volume in Your Trading
You often hear that volume is important in trading. But how can you actually put it to work when it comes to buying and selling? In this video, Sami breaks down: The 3 different types of volume How to use volume to predict price reversals How to use volume to spot continuation moves If you want to integrate volume analysis into your trading, this video is a must-watch.
Continue Reading -->Scott Redler’s Greatest Hits Volume 1: Moving Averages, Gold, and More!
Want to get to know T3 Live Chief Strategic Officer Scott Redler? Then dive into 5 of his most popular trading tutorials and tip collections right now. You’ll gain an understanding of how he approaches the market, how he manages positions, and most importantly, his trading philosophy — which pledges patience, planning, and perseverance. 1) The Ultimate Guide to Moving Averages: Trend Analysis the Pro’s Way Moving averages are some of Scott’s most important trading tools. They help Scott understand the trend, and attack the market with the right mix of long and shorts. See which moving averages Scott uses, and why each of them matters. 2) Beyond Meat Delivers While Scott tends to avoid high-risk trades, they can make sense if the potential reward is there. See the technical signals that had Scott taking BYND call options into earnings in June, and get a quick lesson in judging earnings reactions. Remember, the market reaction is far more important than the numbers themselves. 3) 10 Trading Rules I’ll Teach My Son This is the unsexy, harsh truth about trading you never hear about on TV. This is what every beginner needs to know before they even open an account. Trading is a hard business, so you need to hear these rules so you can set the right expectations for yourself. 4) How to Take Control of Your Trading, and Finally Turn Things Around Every day is a new day. And that’s the beauty of trading. You can always start over and build back up again. But if you want to make a fresh start, you need a reality check. Bookmark this article and read it once a quarter to help you stay on track. 5) Yes, I Trade Gold Scott’s best known for trading large cap tech stocks and fast-moving IPO’s. But he’s not afraid to look for opportunities elsewhere. See what got him into gold earlier in the summer before a huge move higher. Stay tuned for Volume 2…
Continue Reading -->How to Size Options Positions in a Choppy Tape
Multi-point moves each day is creating a ton of action in stocks, which means a ton of opportunities. Adjusting position size is important when the market is lacking direction like it is now.
Continue Reading -->Why Friday’s Big Red Bar Will Have Consequences
Sami Abusaad just recorded 3 (yes, 3!) videos. Watch them and get 100% up-to-date with the market action. First, he recorded a very special update on the broader market action. Sami only does these videos occasionally, so pay attention. He discusses: Why the big red bar in QQQ on Friday is a very big deal — and not in a good way. Why Sami is actually excited about the short-term market action The exact level on QQQ that can signal all-out bearish action, and what could trigger Sami to get massively short: Next, Sami issues this week’s swing trading game plan. In keeping with his concerns about QQQ, Sami has very few long ideas on tap. Meanwhile, his short list is MASSIVE, with names like CLVS, CPLG, ENPH, NEWM, and more. Want the exact trigger levels? Then check out Strategic Swing Trader. And finally, he issues his latest analysis on Bitcoin, where a W pattern is forming. It’s not the best W pattern he’s seen in Bitcoin… but it might be good enough. Sami offers his entry, stop, and target levels, so check ’em out: .
Continue Reading -->How Sami Uses Moving Averages in His Trading
Sami Abusaad only ever uses two indicators in his trading: the moving average and volume. However, he considers the moving average is his #1 indicator, exclusively using 20 and 200 moving averages to guide him towards expert plays. Watch now to learn why these are so important to Sami, and learn how you can use them in your trading:
Continue Reading -->How Volume Can Amp Up Your Trading
Sami’s lesson series has been giving you a deeper-than-deep dive into everything you need to know to maximize your trading potential. His recent focus has been on events that make a buy set ups even better, known as amplifiers. If you missed his last lessons on the Bottoming/Topping Tail, the Changing of the Guard, and Narrow Range & Narrow Body Bars, now is a great time to catch up! Today, he moves to the next amplifier on his essentials list: volume. It’s one of the most valuable tools a trader can use to predict price reversals with above average accuracy. You can trade successfully by relying exclusively on price and volume, if – and only if – you know what you’re doing. Sami can trade a chart without even looking at the volume, but he finds it extremely helpful in three specific situations. Every other time, it is the single most overrated item in technical analysis, by far. Tune in to find out when you need it, and when you absolutely don’t. And if you’d like to learn more from Sami, join his Open House in the Strategic Day Trader Room, available for free all week! Click here to sign up ==>
Continue Reading -->Webinar Replay: How to Write the Perfect Trading Plan
Watch the replay of Sami’s latest webinar ‘How to Write the Perfect Trading Plan.’Then, scroll down to learn about his Mentorship Program. About Sami’s Next MentorshipJoin Sami in New York City on October 21 – 25 for 5 full day of live, interactive training.Yes, Sami is coming to the Big Apple to teach 15 traders the prized tips, tactics, techniques, and hacks that propelled his P&L into the stratosphere.And yes, you get to see Sami Trade LIVE, in-person, without a safety net.You can even trade your own account with Sami by your side. Some past attendees have even earned back their entire purchase price (and then some) in the 5 days. That’s what we want you to achieve too!**no guarantees, obviouslyHow to Tell If the Mentorship Is Right For YouA 5-Day Live Mentorship Program is clearly not for all traders. Our team can help you figure out if it makes sense for your personal situation.If you would like a friendly one-on-one consultation with a Trading Counselor, please click on the grey bar below to open a submission form. Our team can answer all your questions, including financing through Paypal.Our team can answer: Click Here to Request a FREE, No Pressure Consultation Loading… About the Mentorship:5 full days of LIVE trading and education with Director of Education Sami Abusaad Held in NYC on October 21 -25, 2019 (5 full days of action!)Trade your account while you learn from a top pro trader, in real market conditionsGet Sami’s 18 personal trading PDFs & presentations, and 5 spreadsheets covering everything from game planning to pre-trade checklists to risk managementLearn the psychology of a top pro trader that blazed his his own path by thinking differentlyWatch Sami trade his account LIVE without a net — you can even copy his trades($795 Value): BONUS 1: TPM® Home Study($1,770 Value): BONUS 2: 6 months Strategic Day Trader Room($900 Value): BONUS 3: 6 months Strategic Day Trader Room Coaching Click for More Info ==>
Continue Reading -->A Deep Dive into Gaps
Today, Sami takes a deep dive into gaps, making sure you have this topic covered from A to Z. Watch below to learn from an expert: And if you’d like to learn more from Sami, join his Open House in the Strategic Day Trader Room, available for free all week! Click here to sign up ==>
Continue Reading -->Trades Only a Smart Trader Would Play
Last week, Sami explained why the market was going to be a mess in the days to come. Sami was right — Are you surprised? It was as sloppy as he said it would be. Here’s a word of advice from Sami: right now is a bad time to be aggressive on the swing trades. If you want to keep your money safe, you’ll wait for market to resolve itself. However, this isn’t a blanket rule. A few stocks aren’t affected by the market, and Sami is looking to trade them. He’s walking through potential trades on seven names, including: GOLD CHUY CVET Watch now to find out which trades a smart trader would take. And if you’d like to learn more from Sami, join his Open House in the Strategic Day Trader Room, available for free all week! Click here to sign up ==>
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