Swing Trading Examples: Video 49 A, B, C, D, E & F

Question 1

At the open, there is a 70% chance of a measured move in the opposite direction.
In the photo with big trend bars, he looks for a measured move from the open of the first trend bar to the close of the final bar. In the example, he shows the second bar…but he would keep increasing it up to the next bar

Question 2

Parabolic Wedge: Spike and Channel (Then failed bear BO)

Question 3

This photo is showing a lack of consecutive big strong bars in either direction. In bull swings and bear swings.
Whenever there is a big trend bar, the follow through is bad.
Also, bad follow through on breakouts.
Characteristics of trading Ranges

Question 4

Al always thinks if one side can make money.
If bears can make money many times during a rally, using wide stops, scaling in and scalping, the probably a bull leg in a Trading range instead.
A stairs pattern where price falls below the breakout point is a pattern that will soon turn into a trading range.

Question 5

He’s just going over a bunch of random charts. I wish he would also create/draw his own set-ups that are obvious and easier to learn. I’m through the entire course and still don’t know what the hell a High 1/High 2 is.

Question 6

Looking at the daily chart to assist with intraday trading.

BTC daily Chart: 90% of the bottom tails are created early in the day. So look for an early sell-off that reverses up.

Answer 6

Here is the 5-min chart next to the daily. He make sit look obvious, but todays bar looks nothing like the bars proceeding it.

Question 7

This last Video, F, talks about using the daily bars as a reference for support and resistance. But not understanding it.

Question 8

Here he talks about selling the high because the chart is in a daily bear trend and traders bet on the trend continuing

Question 9

When day trading, look for support and resistance on the 60minute, daily and weekly charts