Stupid Simple (& Effective) Day-Trading Patterns for Beginners

Published on November 5, 2022

Interesting high defination online streaming about Forex Trading System. Forex Trading, Stock Investing, and What Is A Stock Day Trader, Stupid Simple (& Effective) Day-Trading Patterns for Beginners.

In day trading, you’ll hear A LOT about patterns. And it’s true that as a trader, you need to learn to recognize the best patterns. Today, Tim Bohen has three of the best, simple patterns you should look for.

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Let’s start with a pattern I love as a day trader. You’ll spot this one early in the day — it’s called the ‘dip and rip.’ So say you’re getting ready for the trading day and you see a stock that’s up early, maybe on news.

So here’s why it’s called the dip and rip … Right before the market opens, it spikes to a new high of the day, then dips hard into the market open. The beauty of this pattern is that you waiting for strength. You wait for it to reclaim the high of the day. It dips down — then rips back up on a high volume.

Learn this pattern. In my opinion, it’s one of the best and most consistent.

So that’s an early-day pattern … let’s talk about a pattern you’ll see later in the day. In this case, a stock spikes midday, then consolidates at or around the VWAP hold high-of-day set up. That’s your entry.

Remember, you want clearly defined entries and exits. Your entry is that new high of day from the morning’s level, and your stop is a VWAP fail. Now, you’re probably not gonna sell exactly at the top, but you can see a clearly defined risk versus reward.

The last for today can be great for swing trades and momentum trades. It’s called the ‘weak open red to green.’ This is a stock that spiked big the day before. One reason you should run scans every day is to look for those big gainers. You’re looking at this the night before … Markets are closed and you can’t trade … But you’re making your plan for the next day.

So this is a stock that ran big on news and closed near the high of the day. Then the next day, you’re looking for this stock to prove itself and show you that it can continue to run. And the key to that is that red open. So the stock opens before, or below, the previous day’s close. Then, soon after the open, it goes green on the day.

That shows you that the buyers are showing up for a second day in a row. It gives you clear entries.

Remember KISS: keep it simple, stupid. Simple setups can be easier to spot and learn. So check out the dip and rip, the VWAP hold high-a-day, and the weak open red to green. I think they are the three patterns that can help you find consistency.

#StocksToTrade #DayTrading #Patterns
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.

You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

What Is A Stock Day Trader

What Is A Stock Day Trader, Stupid Simple (& Effective) Day-Trading Patterns for Beginners.

My Favorite Trading Strategy

Candlestick charts were created by Japanese rice traders in the 16th century. This is really the finest way to give a beginner the confidence you need to be successful. They are placed side by side (tiled vertically).

Stupid Simple (& Effective) Day-Trading Patterns for Beginners, Explore interesting full length videos about What Is A Stock Day Trader.

Forex Pattern Following – The Fundamentals For Making Big Profits

This will not just make sure higher profits but also minimize the risk of greater losses in trade. Nobody can forecast where the marketplace will go. Those lines could have crossed 3 or 4 times before just to revert back.

Trading on the day-to-day charts is a a lot easier technique as compared to trading intraday. This daily charts strategy can make you 100-500 pips per trade. When trading with this daily charts method, you don’t need to sit in front of your computer for hours.

Price increases constantly occur and they always fall back and the goal of the swing trader is – to sell the spike and make a fast earnings. Now we will take a look at an easy currency swing Stochastic Trading method you can use right now and if you utilize it properly, it can make you triple digit gains.

Do not predict – you ought to just act upon verification of cost modifications and this constantly means trading with rate momentum on your side – when applying your forex trading method.

Determine when to exit: you need to likewise define the exit point in you forex Stochastic Trading system. If you use breakout on your system and went into a trade, you can keep an eye on if the price goes above the breakout point. If it does it will turn into earnings. If it goes listed below do not exit below the breakout level at the very same time. You can wait for one day and exit if it reaches after one day assuming you are working with weekly chart.

If the support Stochastic Trading and resistance lines are converging, a breakout is most likely. In this case you can not assume that the price will constantly turn. When it occurs, you might prefer to set orders outside the variety of the assembling lines to capture a breakout. However once again, check your conclusions against a minimum of another indication.

How do you draw trendlines? In an up trend, link 2 lower highs with a line. That’s it! And in a downtrend, link 2 greater lows with a straight line. Now, the slope of a trendline can inform you a lot about the strength of a trend. For example, a steep trendline shows severe bullish mindset of the purchasers.

Position the trade at a stop loss of around 35 pips and you ought to apply any of these 2 strategies for the purpose of making revenue. The first is use a good danger to a rewarding ratio of 1:2 while the next is to utilize support and resistance.

Two excellent momentum indications are – the stochastic and the Relative Strength Index – look them up and utilize them. It is incredibly important that the forex trading robotic you choose to buy has these three things.

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