Top 5 Technical Indicators All Beginner Traders Should Use (Getting Started With Charts)
ฝัง
- เผยแพร่เมื่อ 9 ก.พ. 2020
- Want To Learn More About The Platform You Saw In This Video? Go HERE (claytrader.com/videos/day-tra...)
Learn More About Indicator #5 I Talked About HERE (claytrader.com/videos/why-i-s...)
Learning how to trade can be very overwhelming due to all the varying sources of information online. Whether you are learning how to be a day trader or wanting to become a swing trader, there is an abundance of information available to you. In my experience being a trader and helping new traders, what I've noticed is the best thing to do is take a step back and focus on keeping the strategy simple. You can quickly suffer from paralysis by analysis if you use too much information, so I would recommend you get started with only five technical indicators. By using these five indicators within your day trading (or swing trading), you will force yourself to begin to learn how to trade in a more efficient manner. Many of the most successful traders I know use these five technical indicators within their strategy and I believe when you are new and just getting started trading, you should also use them.
How to Get Started With Only $100 - watch it HERE (claytrader.com/videos/how-to-...)
Enjoy this Free Content? I'm confident you'd enjoy my premium training courses then: claytrader.com/training/?utm_...
Hear real-life trading journeys from "normal" people: The Stock Trading Reality Podcast - claytrader.com/podcast/?...
Pick up some ClayTrader gear at daytradergear.com/?...
![[TH] 2024 PMSL SEA GF D3 | Summer | มาร่วมเป็นพยาน กับวินาทีแชมป์!](http://i.ytimg.com/vi/JCYvEsFlwx8/mqdefault.jpg)
Wow. I haven't heard a a chalk run across a chalkboard in over 20 years. Thanks for the info 👍
Glad to help
Lol. Crazy how time flies. I was thinking the same thing
@@wandabrowne8313 it flies too fast
Wow you're old
@@AZG324 lol
Super helpful. You are a great teacher. Love how you break it down for us and keep it real at the same time.
Glad it helped!
Such a great, straightforward explanation. I had no clue where to even start but this definitely helps.
Glad you enjoyed it!
This was really solid information. Now I understand just that little bit more when choosing stocks to trade. Wish I saw this before buying OTIC. Thanks Clay!
Glad it was helpful!
Love your videos Clay, they really help beginner traders. Thanks One indicator I like to use is the RSI because it lets me know how much intrest is in the stock in regards to buying and selling.
Thanks for sharing
Sir I use use McGinley Dynamic of 25 periods and Arnaud Legoux Moving Average of 21 periods crossover and VWAP along with Heineken Ashi candle stick Chart pattern, this strategy works excellent for intraday trading in all segments like Equity Currency and Commodities Trading 👍
Thanks for sharing!
Been trading for three weeks... in my life. Made $274 so far. During a pandemic and a severely volatile market, I’d say that’s not the worst (I mean the worst is losing money and I haven’t done that yet thankfully), but I’m happy with it considering I have only a marginal understanding of how it works. Here to learn more. Thank you! Liked and subscribed.
Welcome to the channel!
what do you use ?
Thank you for your video it was very useful, I like your platform but I live in the UK can you recomend a plataform for me in the UK?
Here you go claytrader.com/videos/trading-from-outside-the-usa-how-to-for-non-us-residents/
Hi clay, thank you for all your content. I have a question. Is there a indicator that shows percentage change on a selected time that I want. I been watching the market as soon as it opens and it either goes high or low and by around 7-7:15 you get an idea on how a stock will go. But if I’m looking at the percentage change, it dosent help cus it could had a big or low gain at first but it’s not representing on what is really happening. Thank you
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
Thank you Clay for sharing this video!!! Unfortunately the platform I use in my country does not have the VWAP indicator, is there an alternative to it that would work as effectively as the VWAP???
Look into TradingView charts, they have it.
@@claytrader will do thanks!!!
@@alexandrikov you're welcome
I think you make the mistake of looking for this name. In my country (Poland) they named it the WALKING WEIGHED EXPONENTIAL AVERAGE and the other line: the linearly weighted walking average. Who would have guessed...
U r excellent teacher very clear voice talk point to point and explain strong detail and love it i m looking for huge screen desktop then soon join you you Awesome Buddy
Great, see you soon!
do the 200 and 50 m/a work with day trading like 5 minute charts etc? or are they only good for weekly monthly charts?
Depends on your strategy.
Nice video Clay, clear and concise!
Thanks for watching!
I’m brand new to trading. You make sense when setting up a platform. I didn’t have a clue! Thanks Clay
Happy to help!
I actually like the Heikin-Ashi candlesticks with volume, I have to learn more about VWAP
Cool
Hey clay I love your day trading videos! I was wondering since you made your channel on 3rd day of December, I was wondering every 3rd of the month can you make 1hr special of day trading?
Why don't you just join my community? Only $99..... claytrader.com/team/
Just subscribed! Thanks for the helpful content!
Thanks for the sub!
I’ve been watching charts for 2.5 years now, and still haven’t assed myself to understand any indicators beyond candlesticks and volume. Thanks for this info.
Cheers!
thanks man appreciate it i wish you blessings stay safe
Thanks, you too!
Thanx clay for the video,really enjoyed it.
Thanks for watching!
Hi Clay, one quick question. can vwap work on a thick chart (futures) ? thanks
"thick chart"?
@@claytrader tick chart:) for instance for Emini. thanks
@@gabrielaherbei6426 i don't use tick charts
hey ,if anyone else wants to discover how much do you need for day trading? try Franaar Unrevealed Strategies Formula (do a google search )?
It is a good exclusive guide for increasing your trading skills and cashflow without the hard work. Ive heard some amazing things about it and my work buddy got excellent success with it.
First, enjoying Part 1 of your course. Next, I have been paper trading with Webull and I love it. After 6 months I'm ready to give the real trading a try while I continue with your course. Thank you so much for all your free content on you tube. Girl on a budget appreciates it!
Glad to hear it!
Thanks for the helpful info. Do you have another video which explains how to INTERPRET the indicators?
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
Are you generally setting these MA periods for 2min candles, 5min, daily or all the above?
I have been using 5, 10 and 20 daily but thinking that might be a noob mistake
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
Thank you so much, it seems you make things simple for newbies like me.
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
You prefer MA over EMA? Have been using EMA but maybe I should change?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Hey Clay the numbers 50 and 200 on the ma's what do they stand for?
moving averages
Last 50 days and last 200 days.
@@m.morininvestor9920 depends on time period...
Hey. Explain like im 5. But when you are using trading platforms, TD Ameritrade etc., isnt selling a stock as simple as hitting the "sell stock" button? How is volume of stocks/interest in stocks going to affect my sale? Thank you in advance.
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Do you use an app on your phone at all to track stock? If so what do you use ?
Here ya go: claytrader.com/resources/
I enjoy your method of teaching you make it easier to understand..THANK YOU🌟
Glad it was helpful!
I suck as a "trader." I read Welles Wilder (probably before you were born! lol). I am amazed at how the entire TA subculture uses his stuff over and over and over again. So much of being successful is just figuring out what your emotional predisposition is re: how you move money in and out of a position. I have only "really" made money by getting well positioned and then sitting on my hands. I trade in and out because of the bells and whistles and buzzers. I know this about myself, and yet still find myself "looking" to find applications that will fit me.
This was a very good video. I am going back to basics, and your honesty is refreshing.
Thanks for the kind words and watching!
Informative....
Thanks for making this video.
My pleasure
Thanks for the videos man really appreciate them. Can you do a short one about scanners for beginners in the future?
Good idea. I'll see what I can do.
I'd like to see that too
Noted.
Finviz as no beginners use trade ideas due to cost
@@cater4anytink45 it's a good one
Awesome videos thanks Clay
Thanks for watching
Found RSI and MACD really good.
Thanks for sharing
Awesome as always great info
Glad you enjoyed it
Thanks clay thats great video... But can you talk about volum indicator
if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.
I agree with using SMA lines, it helps identify which are false signals and which are not
Cheers
Very helpful video! Thank you :)
You're very welcome!
Clay I have a question about Webull, and I guess about day trading in general. Is it true that PDT rules only apply if you’re trading on a margin below $25000? In other words, if you’re trading a cash account for less that $25000 the normal PDT rules don’t apply and you can make as many day trades as you want?
You still have to worry about the cash settlement rules though.
@@claytrader Agreed, but I've found that one of the self-imposed rules that I use to keep myself from "going nuts" on this stuff is: Trade with settled cash only!!! Once you're out of settled cash, sit back and watch what your trades are doing, take notes, check the news and other info sources, etc. etc. Then when all your cash is settled, dive back in.
@@oyecisco do whatever you believe works best for you
What would be your best indicator set up if we only want to use Weekly charts for trading?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
I’m sad but also happy to inform, to ALL of you new traders, that I have given to the markets, in a single transaction, more than the cost of Clay’s WHOLE training... I’m a part of his Trading Freedom Pathway, now. The only regret I have, is not getting it sooner. Clay is truly best in his class. No gimmicks, no tricks, no undertows. Period.
Well done Walter! Congrats on your progress!
Can I use these from my iphone? If so where can I find them?
This broker has a great app: a.webull.com/i/ClayTrader
I wish ud go a bit over the chart itself and explain a bit what’s going on there.. why candles are below all indicators .... is that means it is undervalued?
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
i like u use the indicators on a stock there is going down makes it simple too see what the SMA 50 and 200 do.
VWAP it say 14`? is that Volume Weighted Average Price for the past 14 days ?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
I use IC Cloud-Vol.-RSI-MACD & MA on different monitor for easy reading
Thanks for sharing!
What are your taughts about the Heiken Ashi indicator?
Never used them.
Ok, so what do you do with this? What about bollinger bands?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Hey there, i wonder would you change the length of a indicator according to the timeframe of the chart, so in case of the video would you change the 200 or 50 lenght you set there when you switch from a 1 hour time frame to for example a 5 minute timeframe? anyway i think i will stick around here for a while :) , keep up the nice vids!
Welcome to the channel!
@@claytrader thanks maybe you dont want to answer my question, but can you tell me if my question is covered in your courses?
@@MS-uf8oy oh, sorry... you did ask a question didn't you? All those things (and much more) are indeed covered in my courses.
Hello ClayTrader, what platforms do you use? What Broker do you use?
Here you go: claytrader.com/resources/
Hey I like this video because you said you telling us something you wish people told you about when you was struggling . ❤️🙏🏿💪🏿✊🏿 nothing is better then genuine Love for The World 🗺
Cheers
I am a beginner Trader I have a demo account. I am using your 5 technical indicators. however, when I got the moving average indicator it gave me 3 lines instead of 2 I got 20 50 200.. redline black line green line what should I set the 20 at?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Clay is the best for first time day trading info ive watched everyone and his explanation is the easiest to understand. I now subscribed to Clay and get all alerts. HIs info is always useful
Cheers!
Awesome thank you
No problem!
You awesome bro, thanks for sharing
Thanks for watching!
It would be really helpful if you had a video on moving averages
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
Thank for being focused
And thank you for watching.
Great video 😊
Thanks Walter.
I'm using We Bull but I cannot get two MA on my chart, it's only giving me one line.
You should be able to add several
Thank you
Thanks for watching!
Hmm, I now know what indicators should be on my chart, but.. what does each of them represent? How to use them?
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
Thanks for the video. I can't say you really said beyond point #1 why we need those indicators. Are these indicators supposed to steer us towards buying, selling or holding?
All of the above!
@@claytrader Can you please be a little more specific in how to apply the indicators for buy, sell or hold. I'm still quite new to this.
@@Uzodesign Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
same thoughts. he pointed out which but not why hahaha
😜
Thanks for the knowledge
My pleasure
when trading stocks where is the best place to read earner reports??
I don't use earning reports.
What does the moving average mean?
That (and much more) here claytrader.com/takecontrol/
ClayTrader, I have a question regarding your university. If I buy the 497.00 plan, I don't have to make the other 5 payments unless I am ready to? For example, after 6 months, I can choose to buy another portion of the university with no interest or penalties? Also if I do buy all of it, will I automatically gain access to the lifetime membership perks?
The answer to both questions is "correct". More is here: claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
Really good video. This is how it should be I guess, straight away teaching and no promises for "This indicator will make you filthy rich"
Thanks for watching and for the feedback!
I can tell you ain’t not bullshit clickbait channel glad I found you bro 🤟🏽
Better late than never
Welcome to the channel!
support/resistance and supply/demand should be up there too, depending on the market cap
I'd agree with that.
For day trading can I use 20 ema and vwap
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) you can find it here claytrader.com/team/
Hey clay hope your doing well. i am new to daytrading and currently investing most of the money into penny stocks. as i only have around 860 to start i thought it would be best to put all my chips in one stock as i feel like the more stocks I am in the less chance i have of making a big play in the near future. I am young and can afford to risk at this current time, just wondering what you thought of my plan. currently learning to be patient as I have not been thus far and lost around 150 after 2 months in
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
Is there a video breaking down what VWAP & MA actually is or does for the chart? When the indicators are placed on the chart, is it bad when they tower over the candles? What does 20 and 200 length mean?
Thanks for question! Those videos already all exist here claytrader.com/takecontrol
So with these indicaters, do we just watch and master these first, then move on to other indicators??
Do what you think is best. Everyone is different.
Thanks Clay, this is very helpful, I have been watching videos for about a year, very overwhelmed by all the infos out there, this was simple and to the point
Speed up your learning here claytrader.com/takecontrol/
9 EMA is crucial, too. Commonly referred to as the "trade line".
Thanks for the thought.
Thanks a lot.
Cheers
I saw a cases like this. Think this method works pretty well, but I recommend to do your own research about it
What method?
Can you please go into more detail as to HOW to use all the indicators together? For example, I heard people say buy when the MA crosses the VWAP upwards and sell when the MA crosses the VWAP downwards etc.
Please and thank you
i was about to type this exact comment lol
All of that is here claytrader.com/takecontrol/
Dude, after 2 years and someone out here finally willing to leak even the slightest bit of info... different chart settings 🤦 thaaaaaaank youuuu good sir 🤙
Glad it was helpful!
Question about Webull I just opened an account this week but I noticed that I can't buy stocks with a debit card or credit card so how do i go about putting money into my account and buy stocks?
You need to connect your WeBull account to a bank account.
@@claytrader What about debit cards I have noticed you can't use them to purchase stock like on Robinhood so I'm not sure if I will be able to purchase stock's because all I have to use is debit card through my bank
@@TheScorpion615 you will need to ask them. They have a customer service department.
@@claytrader I figured it out i got it up and running now I'm working on learning indicators now and paper trading.
I use Robinhood for real trading because i can understand it much better and it's simplified
@@TheScorpion615 great! consider joining my community: claytrader.com/team
Hello, would you mind posting a link again to your vid on Webull? Also, in your opinion, do you think Webull or Think or Swim is easier for beginners?
Here you go : claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
@@claytrader thank you kindly!!! 😊
@@dreablake42 you're welcome!
Why the 50 day & 200 day Moving Averages? Why does it not sense to go with a 28 day, or specify it to your timeframe.
May be a dumb question, but I havent been able to find an answer that’s made sense to me.
if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.
Thanks so much for this very helpful video...just subscribed 1/5/2022.
Thanks for the sub!
Hi Mate,
Love the video!
Could you do an in depth look at the ADX indicator?
I'll see what I can do.
@@claytrader Love mate!
@@StockMarket2197 cheers
@@claytrader please which of the platform chart are you using this really looks good to me
@@IdeasFromIsrael here you go: claytrader.com/resources/
Thank you clay...
You're welcome!
MUST = Squeeze indicator (there are many different types....I like pricepoint or breakout or volume)(NOT to be confused with normal volume indicator)
Squeeze does not need to be a total strategy but more of a data point to help make decisions on entries and exits. All indicators are simply to help as a data point.
I would also add that when trading futures be very careful before 10:30AM or 11AM because historically the big dips or circuit breaker dips are before 10:30 AM.
Thanks for your thoughts
@@claytrader All of which you know.... LOL :-)
Do you ever re-read your comments and wonder... "what was I thinking"?
@@hamburger-fries nope, can't say i do
Great tips nice video...
Thanks for watching
Thank you...
You're welcome!
Can you explain the 50 and 200 period
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
Great video but the VWAP does not work for swing trading.
Everyone is different. Do what works for you.
Hi clay. Im doing Forex. I got a low spread of 0.2 pips only on the EUR/SGD.
Can you do Forex?
What do you mean "can you do Forex"?
What a great video 👏
Glad you enjoyed it
Do you prefer webull over TOS?
Here ya go claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Its interesting your commercial breaks are of all the other "get rich" brokers.
Yeah? lol
In WeBull the VWAP doesn't show up for me
It should....
Hey Clay, when you spoke about simple moving averages I thought it was three, 200 pink, 50 purple, and 8 period yellow which I thought you called the yellow brick road or were you calling the vwap the yellow brick road? Thanks.
What is the question?
Is the yellow brick road the vwap or another simple moving average used as the 8 period?
@@renelvital dude, i'm not gonna talk about course material on here publicly...
ClayTrader You’re right. My fault. I caught myself in the past. I got excited after this video and went straight to the comment section instead of the other place. Horse stance for two hours straight for me.
@@renelvital cheers
What's the time frame of ur chart
Here ya go claytrader.com/videos/trading-computer-my-day-trading-monitor-setup-explained-how-to-guide/
Nice tutorial
Thank you! Cheers!
Couple things you forgot to mention. What time frame are you using and are you using regular market session only? Or premarket and regular session or premarket and post with regular market session
This should help claytrader.com/videos/trading-computer-my-day-trading-monitor-setup-explained-how-to-guide/
@@claytrader thank you
@@JesseT951 you're welcome
Does webull have options trading?
Yes.
@@claytrader can you post the link to the video you did on webull?
@@neilkaplan1433 here ya go claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/