Full transcript
0:00There are two indicators I use every
0:02single day. They're incredibly simple,
0:04extremely reliant, and after 6 years of
0:07trading, these two indicators are part
0:09of the reason I became a profitable
0:10trader. In this video, I'm going to
0:11expose my complete setup as well as the
0:14rules I use with these indicators. And
0:16then I'm going to show you guys live
0:18real trades so you can see the execution
0:21with live market data. Before I get
0:22started, just a quick disclaimer. This
0:24is for educational purposes only. I am
0:26not guaranteeing any results. I'm just
0:29sharing my journey, what I found, and my
0:32strategy. So, don't take this as
0:35financial advice. This is not financial
0:36advice. Now, let's get straight into it.
0:38We're going to go over my complete true
0:39indicator strategy that I use every
0:41single day. But keep in mind, guys,
0:43trading is not a get-rich quick
0:44business. I've been trading for over 6
0:46years, and it took me over two to become
0:48profitable. However, using this
0:50strategy, I've been able to do some
0:52pretty cool stuff, including making over
0:54$4,000 today. Let me show you. $4,325
0:58in the day. So, the goal of this video
1:00is to show you the same exact simple
1:02approach that I use every single day.
1:04First things first, I want to show you
1:06guys exactly how to set up these
1:07indicators. So, here we're going to pull
1:10up Trading View and I'm going to delete
1:11everything on my chart. As you can see,
1:13I deleted everything on my chart. Now,
1:16as you guys can see, this is a blank
1:17chart. I'm going to show you guys what
1:19to do step by step. So, you're going to
1:21search in the first thing volume
1:26weighted
1:28average price or in other words called
1:30VWOP.
1:32Once we have VWOP to your charts, it's
1:34going to look very weird. There's going
1:35to be these three lines in these zones,
1:36but this is not how I use it. So, now
1:38once you're at Trading View, we're going
1:40to click on VWAP.
1:43We're going to click on settings.
1:46Then, we're going to go to style. You
1:48see how it says VWOP upper band lower
1:51band fill? You're going to uncheck upper
1:54band up. Uncheck lower band. Uncheck
1:58band fill. Stay on VWOP. And you like to
2:01make it yellow because that's just the
2:02color of VWOP. It's got to be yellow. So
2:04once we have our VWOP, that's it. As
2:06simple as that. We click okay.
2:09And we have obviously our extended hours
2:11and all that. Now we want to add the
2:13other one. The other one is an EMA. So,
2:15we're going to put in moving average
2:18exponential. So, or you can just put in
2:20EMA. It's going to come up moving
2:23average exponential.
2:25So, 98. I've said both in videos. I
2:29honestly I've been using the eight. So,
2:31you go to inputs, you go to eight, you
2:35click okay. Really no big difference at
2:38all. And that's literally all you do.
2:40So, settings, lengths, eight, source,
2:43close, offset, all this stuff. Style, I
2:47like to keep it blue.
2:51And then that's it. Now, we have the
2:54VWAP and the 8 EMA on our charts. Again,
2:58eight or 9 EMA, you could use whatever.
3:00So, we have these both on our charts,
3:02and these are the two indicators that I
3:04use. So, now I want to explain what I do
3:06with these indicators. So, first off,
3:08let's start off with VWOP. VWOP's a
3:10volume weighted average price. What this
3:12basically means is that VWAP tells us
3:14what the average trading price of the
3:16day is for a certain stock. This is
3:17always a very big area. So I have a very
3:20big rule as well. I never take calls
3:23under VWAP and I never take puts over
3:25VWAP. This helps me identify where
3:27buyers and sellers are as well as VWAP
3:30is always a big retest spot. So, if VWAP
3:33is under the pre-market low, then I'm
3:35looking to take puts on a VWOP retest,
3:38not a pre-market low retest, which I'll
3:40go over the full strategy in a bit. But,
3:42as you can see here, how VWAP is under
3:45our pre-market low, that means you're
3:47taking a VWAP retest, not a pre-market
3:49low retest. Because if it gets above
3:51VWAP, you can't take puts. That's our
3:53rule. And then the EMA is what I
3:56basically use for two different reasons.
4:00The biggest reason is it helps me
4:02identify when I should sell a stock or
4:04not. The EMA can help you catch huge
4:06wins because what it basically does is
4:10my rule with it is when I'm holding
4:12runners on a stock, as long as the stock
4:15stays above the EMA on a 5m minute, then
4:18I'll stay in. So, as we can see on this
4:20example, say you took a VWAP retest or
4:23something like that, right? You see how
4:24it just stays under the EMA, under the
4:27EMA, under the EMA until right here.
4:30That means you wouldn't exit your
4:31position until right here. So again,
4:34you'd also trade EMA retest, but those
4:36are more scalps. I like using it better
4:38for um holding my trades, but you could
4:41also trade EMA retests. So recap, VWOP,
4:44you could trade retest on it. It also
4:46tells you if you could buy calls or
4:48puts. So if a stock's retesting
4:50pre-market high, but it's under VWOP,
4:52we're not going to take calls on it. If
4:54a stock is under pre-market low, but
4:56it's above VWOP, we're not going to take
4:57puts on it. And the EMA helps us know
4:59when to sell or not. So, now that we
5:01have these two indicators in place, let
5:03me show you some real examples using
5:05these indicator. Before I do that,
5:07coincidentally, so check this out real
5:09quick. This Apple pre-market high
5:10retest. So, we got a Apple pre-market
5:13high, 5m minute close above, a little
5:15retest, and then another retest. And
5:18what happened after this retest? Look.
5:21So, we kind of retest this pre-market
5:23high. We're above VWOP. And then look,
5:27it doesn't break under the EMA until
5:29right here, $4.
5:32Isn't that insane?
5:34Pretty cool. But now, let me show you
5:36guys another real example. So, this is
5:38an EMA retest. As you can see here,
5:41Apple retests pre-market high. So, we
5:43take calls. It's over VWAP, so we're
5:45good. And then it doesn't break under
5:48the EMA until right here. So, we don't
5:50sell any of our position until right
5:51here. Again, it's pretty simple. Like,
5:54you just use the EMA as a level to tell
5:57you when to sell your runners a lot. You
5:59can go to IWM. Even today, I'm pretty
6:01sure there was an example there. So,
6:05IWM,
6:07as you can see, I just showed that
6:08example, but we got a VWOP retest number
6:10one,
6:13and then dump. And you see as it stays
6:15under the EMA and now we're under a
6:17pre-market low. We got a VWOP retest
6:19extremely A+ right here and then we
6:22dumped to low a day. But on this one,
6:24you would have taken most your position
6:26out over here once it got above. We have
6:28more examples though. So IWM
6:32VWOP retest
6:34above the EMA doesn't get under the EMA
6:36till all the way up here. Doesn't get
6:39much better than that. Now let's send
6:41another one. Oh, this one. This is NX.
6:43This is like an extremely A+ one. When
6:46you have VWAP lined up with a pre-market
6:48high or pre-market low, that's where the
6:50magic happens because not only do you
6:52have one confluence like a pre-market
6:54high retest, but you have two
6:55confluences, a pre-market high retest
6:57and a VWOP retest. So, right here, we
6:59get the pre-market high and the VWOP to
7:01retest. And then, as you can see, we get
7:03a really nice rip. Then, we fall bel
7:06slightly below the EMA, but we're still
7:08kind of holding it. And then, right here
7:10is where it really gets under the EMA.
7:12So again, really nice trade there. You
7:14can take a VWAP retest and a pre-market
7:16high retest. You hold against the EMA
7:18and let your runners run. Or like I
7:21think this stock did really well today.
7:23As you could see,
7:25riding VWAP off the open, riding the
7:27EMA. No reason to sell. No reason to
7:30sell until about right here, which
7:33again, that's a freaking huge trade. So
7:35I'll show you live example. This is how
7:36I made most of my money today. It was on
7:39Palunteer. So let's show you what
7:41happened.
7:42PLTR.
7:44As we could see,
7:46we come down, we retest VWAP, and we're
7:49above pre-market high. We're above
7:52pre-market high, and then we come and
7:53retest VWAP. So, what does that mean?
7:56This means we're taking calls here. It's
7:57a VWOP retest, above pre-market high,
8:00one of the strongest stocks of the day.
8:02Then, what happens? We get a huge rip.
8:04We're above the EMA, above the EMA. We
8:06don't break under the EMA until right
8:08here. That's a really nice trade.
8:11doesn't get simpler than that because if
8:12it got under VWAP, we would have just
8:13taken the loss. It didn't though. We
8:15caught a nice win. And on this trade, I
8:17took two trades today. On this trade, I
8:21made 3,267
8:24on that one. And then I took one other
8:26one as well on the Apple that I showed
8:27you. So, really, really, really nice
8:29trade here on this VWOP retest. And um
8:33yeah, I mean, it doesn't get more A+
8:35than that. So, let's do a little recap.
8:38VWAP we use for retest and to know if we
8:40can buy calls or puts or not. EMA we use
8:43to know if to sell or not. You also
8:44trade EMA retest sometimes. Some of the
8:47key lessons to remember with these
8:48indicators is that the power of an EMA
8:50is absolutely insane because all you
8:51have to do is watch the EMA. Watch as
8:54the stock rides the EMA and as long as
8:55it doesn't get under the EMA, you could
8:58hold. And it's like a trailing stop loss
8:59for you. But it's like based off real
9:02data based off the last 8 days of market
9:05price action. And the VWAP's literally
9:07telling you everyone's average price of
9:08the day. Think about how psychological
9:10that is. Because when people go from up
9:12a lot to down a lot to up a lot to even
9:15on their positions, like what do you
9:16think they do? They usually buy more. Or
9:19when people go from down a lot to up,
9:22they usually think, "Oh, let me sell."
9:24And it just kind of gives you that edge
9:25of knowing like, "Okay, this is the
9:27market's average." So that's why I use
9:29VWOP a lot. And as you can see, like, go
9:31pull up VOP on any chart. Don't just
9:33look at what I'm showing you guys. Go
9:34back test it. It freaking works. And it
9:37shows that simplicity is so much more
9:40than complexity. So, I'll really try and
9:42simplify it. And just a reminder, like
9:44these indicators, they won't change your
9:45life. They won't change your trading,
9:47but they will help you navigate the
9:48markets a lot. They're very helpful
9:50tools and they'll help side side by side
9:52with price action. They really will.
9:54Before I end this video, I want to go
9:56over one last point, and it's that you
9:58can have the best trading strategy, you
10:00can have the best trading system, you
10:02could be the best trader in the world,
10:04but if you're not disciplined, if you
10:05don't have patience, and if you're not
10:07able to win the battle of you versus you
10:10every single day, then you're not going
10:11to make it. You're not. But if you're
10:13one of those people that gives it their
10:14all, you wake up every single morning
10:17ready to crush it, you deserve to win.
10:20It's like you have that feeling like I
10:21just had that feeling every single day
10:23where it's like I'm going to be a
10:24profitable trader. I'm going to be a
10:26profitable trader. I'm going to be a
10:27profitable trader. I will do everything
10:29I could to be a profitable trader. I
10:30just had that feeling 24/7. It would
10:33never go away. It would be in my head
10:34all day. I couldn't sleep at night
10:36literally because I would just sit there
10:38in my bed thinking, why am I not a
10:40profitable trader yet? I need to be a
10:41profitable trader. And it would just
10:43drive me insane. It would drive me
10:45insane that I wasn't a profitable
10:47trader. So, if you feel like that and if
10:49you feel like you need to be a
10:50profitable trader, if you feel destined
10:51to be a profitable trader, then don't
10:53give up because it's not just a feeling,
10:56but it's a calling. It's meant to be.
10:58And my goal is to help you guys learn.
11:00So, if you enjoyed, make sure you like,
11:02subscribe, comment, and I'll really,
11:04really hope you guys enjoy. Also, follow
11:06me on Instagram link below. Let me know
11:08if you guys like these videos like this,
11:10and I'll see you guys in the next one.
11:12Remember, my goal is to inspire,
11:13motivate, and bring you guys closer to
11:14God. Love you guys. Peace.