I could use a little more explanation on setting a stop here based on $-risk, You gave it a little room from the low and a close psychological level, I get that part. You then matched up your position size and dollar risk, I get that. But how did those factors mean anything to the technicals and price of the stock?. I have a problem getting stopped out right at my stoploss based on previous lows and a little wiggle room (based on volatility, volume, trend). How can I set a better stop loss that doesnt find the exact bottom and allows me to take more advantage of the bounce? Are you saying that I need to adjust my position size and give a little more wiggle room to keep the same dollar risk while allowing more room to run? Would like to stop getting stopped out so much and capture more profit. What factors most influence how much wiggle room you give?
Great Video as always Dan. Q. You have more conviction in these shorter time frame wedge breaks than say the longer time frame break? ie Rising wedge break on Weekly SPY Chart or $TLRY Falling wedge on Daily
You are welcome. Because the risk/reward is much less favorable then. The stop level is notably further away and the potential profit for the trade is less significant.
Can you make a video on algos? or even just give your opinion on the topic in your next daily vid? it seems to be mysterious for alot of traders. How much algos effect patterns as compared to humans, etc. I hear alot of people blaming algos for their failed trades lately
Sorry this is bit out of subject but can someone tell me how to display the prices (high and low) on the charts like this? I search everywhere in trading view and cannot find it.
Please make more of these trade set ups.
Already have back burner, stair step and fibs!
I could use a little more explanation on setting a stop here based on $-risk, You gave it a little room from the low and a close psychological level, I get that part. You then matched up your position size and dollar risk, I get that. But how did those factors mean anything to the technicals and price of the stock?. I have a problem getting stopped out right at my stoploss based on previous lows and a little wiggle room (based on volatility, volume, trend). How can I set a better stop loss that doesnt find the exact bottom and allows me to take more advantage of the bounce? Are you saying that I need to adjust my position size and give a little more wiggle room to keep the same dollar risk while allowing more room to run? Would like to stop getting stopped out so much and capture more profit. What factors most influence how much wiggle room you give?
Beast. That partial position flipping is a game changer
Fantastic video, Dan. Such a great explanation. Thanks for sharing this!
These teaching points and examples are immensely helpful cannot thank you eny
Thank you so much for this Dan. I find it both generous and generative.
Wow, that was fantastic Dan! Thanks so very much, and happy fall to you.
Great Video as always Dan. Q. You have more conviction in these shorter time frame wedge breaks than say the longer time frame break? ie Rising wedge break on Weekly SPY Chart or $TLRY Falling wedge on Daily
Thanks, only because I am a day trader
Love these guys, so much learning!
I salute you!! Great stuff, great explanations!!
Such great knowledge you pass along freely…Much appreciated Dan…Thanks..👍🍻
priceless insight
Hello. Which indicator wrote the price part on the Tradingview chart (candle wicks)?
It says HH or LL prices, how do I do this in the video
Thank you for sharing!
Perfectly explained thank you bro
Thanks Dan. but why don't you wait to enter the trade after the breakout?
You are welcome. Because the risk/reward is much less favorable then. The stop level is notably further away and the potential profit for the trade is less significant.
It's also forming a bullish hidden divergence @5:00
These strategy videos are so useful! Thanks so much for taking the time and having the generosity to share your knowledge.
Thanks alot! Love this! Learned alot!
Algo boostin
Incredible video
love these videos!
Well done. Thank you! 😀
Can you make a video on algos? or even just give your opinion on the topic in your next daily vid? it seems to be mysterious for alot of traders. How much algos effect patterns as compared to humans, etc. I hear alot of people blaming algos for their failed trades lately
very helpful, thanks Dan.
Dan, your knowledge that you pass on is priceless. I have changed my life using these techniques. TRADE LIKE A ROBOT 😂
Great video much appreciated
Thank you Dan
Thanks! I like this
Sorry this is bit out of subject but can someone tell me how to display the prices (high and low) on the charts like this? I search everywhere in trading view and cannot find it.
Add indicator, pivots HL, change setting to 5
@@ChartGuys thanks a lot
Thanks!
Thanks a lot Dan :)
Dan, please look at BTC. Do you think there's a rising wedge on the Weekly starting as far back as May 10th on the top line?
2nd