Insights from Trading Q&A Session

Okay, we are live. Good evening and welcome. It's Thursday, the 17th of April, and there are a number of questions here to get through, so I'm going to go straight into it. Where I can, I will use the market as an example as I answer these questions. First one is from Nick. How do you decide when to take a profit or close a position? As an example, I bought HUD after it reclaimed the Anchored View app from the August low. this is a different trade. I'm not sure where to put the stop loss. Today, I put it at 4,606. So this was sent in a week or so ago. It depends on your timeframe. So if you bought this in August, well, then you look at it and you say, what's the definition of trend for the timeframe that you're looking at? Is it a pattern of higher highs and higher lows above a rising 50-day moving average? Then you wouldn't have been stopped out there. But as it made it. a low and then a high, then a lower high, and then a lower low, that might have been your exit for a stock like Robinhood from an entry down in August. You're never going to get out at the top. That's just ridiculous for anyone to tell you that you can get out near the top. But you have to decide which ones. And you never sell on a gap lower. Always give it some time. So you probably wouldn't have exited there. And you may have even said, well, as long as it makes these higher lows, I'm going to look with it. Today, I was trading Hertz, HTZ, and I was showing Alpha Trends full members that, you know, as it was making these higher lows, actually on a two-minute chart, that the same concept applies. That when the stock was right here, I drew this in to say, here's what is possible. And, you know, at this point, it made that high. I got stopped out of some here. And then it made a pattern of lower highs and lower lows. So that was a good exit there. And again, for HUD, you're talking about a longer time frame, but the same exact concept applies. It's the definition of trend for the time frame that you're trading on. So there's our first one answer. Next up is from Gita, who says, do you prioritize the daily VWAP over the week to date or year to date? How much weight do you give to the five day? on the daily and 30 minutes charts versus the VWAP. It all depends, Gita. It's not one is always better than the other. I mean, if we have the stock below a five-day moving average and the stock is above the daily VWAP, I generally don't want to buy it. I might if we're deeply oversold like this market has been, but it's not that one is a priority over the other. It's more about How do they blend together? I say it all the time that it's similar to asking Van Gogh, what's your favorite color? He might say, I don't have a favorite color. It's how I use them all together. You can't paint a masterpiece just using blue. If you're going to do blue and make the ocean, you've got to use 100 different shades of blue and color palettes that maybe aren't even in existence that are known to man. You've got to blend them together. It's the art of technical analysis and how they blend together. Ultimately, what it all starts out with is trend alignment. Right now, in the S&P 500 and the rest of the markets, we're below a declining 20, 50, and 200-day moving average. So if our trends are going to be aligned, they're going to be aligned to the downside, not to the upside. This rally was a counter-trend trade because the primary trend is lower. Will says, not sure you're going to see this. I'm pretty despondent after getting stopped out of what I thought was a good entry, only to see the market reverse and continue in this direction. Is there anything I could have done differently? And I don't know which market you're talking about, Will. It doesn't say. And this was sent on April 10th. So let's just say it was on this day right here on the 10th. Let's look at the SPY. And you've got to look. at uh where you know what the volatility in the market and how you know how disappointed can you be because you know you sent this on uh the 10th so you i'm not sure where you entered on the 10th maybe you entered right here and you've got to again listen to the definition of trend what high or low are you looking at you should have maybe been stopped out right here on monday so um Should I have short into the rising yellow anchor? So again, yeah, there's no picture there, but it's just a trade. Don't be despondent. There'll be more trades. Some will work better than others. But in this case, let's say you bought over here. Your stop should have been under here. And then keep raising your stop up under the higher lows. It's the same thing for every stock, every market, every time frame. It truly, really is. Use the definition of trend and make sure those trends are aligned. The moving averages give us the reference point to compare the trend to, and the anchored volume weighted average price levels give us a little bit more precision in our entries and exits. Bruges says, my question is, do you use anchored volume profile in your trading? And I do not. So that was a simple yes, no question. It's just more than I think is necessary for my. needs here so I already answered a question from Jetta so I'm gonna save that one for the end in case there's time for it but as I say you know I appreciate you sending him in in a separate email that way I try to give everyone equal access to getting their questions answered Jan says Brian is there any reason you don't use indicators like MACD because you can see the same information in price itself and those are more like training wheels I don't really view them as training wheels so much, Jan, but I've looked at MACD. I've traded with MACD earlier in my career. And the way I see it is that they're not training wheels. They don't continue to provide the value to me as much as price, volume, and time. That's what really makes more sense to me. I'm not interested in overbought and oversold and divergences. I'm looking at price action saying, okay, we're maybe starting to transition here. We're below that orange five-day moving average. We get rid of this. You know, the MACD, I just don't find it useful. It doesn't mean it might not be useful to you. And I would encourage, and I always say this, if you find a particular MACD, RSI, stochastic, whatever it might be. that you find to be useful in your analysis, just because I don't use it doesn't mean you shouldn't. You should use anything that you feel gives you an edge. I have a specific way of trading and I've reduced the things on my charts over the years so that I don't have as many distractions and that's why I don't really listen to news. I don't listen to a Fed statement. What am I going to listen to that for? It sounds boring as hell. I don't listen to conference calls on earnings. I just look at price action because that tells me all I need to know. And I want to know who has control from this point. Are they willing to defend it? And it seems like, yes, they are. So those are the things that make more sense to me is supply and demand based, not mathematical formulas. Maj says, I'd greatly appreciate if you could tell us what trading platforms you use for crypto and stock trading. For crypto, I use Gemini, Gemini.com. I find their fees to be. less expensive than Coinbase. I use the active trader. So I don't know how that compares to just walking off the street, Gemini, but I think now you've got to do a certain... I used to trade it a lot more actively, so they gave me the active trader, but now I don't trade nearly as active as I used to. And for equities, I have my main trading account at Thinkorswim. i also trade at fidelity and interactive brokers so those are the ones that i use there's nothing you know particular i like or dislike about them they're just kind of what i've used i think that you know i don't use um so for charting here and this you can see my main charting platform is tc2000 they do have a brokerage but i don't use their brokerage because why would i pay a commission using their brokerage when i can trade for free or i'm sorry and there's one other firm that I use, which is public.com. They pay me a rebate on all of the options trades that I do. There's no commission and I get a rebate. So I get paid for trading options. And with limit orders, the executions are great. I've never had an issue with them. Michael says, I understand crossing trend lines or indecision. For the 5, 10, and 20 moving averages, is there a time span to consider? Stay away if they cross often. For how long? How long is acceptable? I don't really have a good answer for that. Here is the 5, 10, and 20. And you'll notice that I never really mentioned the 10. We had a crossover here of the 5 and the 10, then another cross here, then another cross here. I don't really pay attention to those crossovers in the moving averages, Michael. So I really can't answer that question. I just kind of look at it in terms of, you know, when are, you know, ideally we want to be aggressively short when they're all aligned like in here. And now next week, if we start to see. This is where we were 10 days ago. I just have that as a dot. So the 10-day moving average is going to begin to rise Monday, Tuesday, and Wednesday of next week. It's going to look like this. The 5-day moving average is going to look like this. So we're going to have indecision, but they're crossing to the downside. So if it does this and the 5 stays below the 10 and the 10 is below the 20, well, then we're likely to see another nice leg lower. But that's not a main strategy that I have, Michael. or Mike, I guess it is. I'm sorry. I didn't. Oh, it's signed Michael. That's why I said that. So anyways, D's question is, if you could no longer swing trade and only day trade, where do you think besides the first minute candle, not candle, but bar, and I'm just being a pain in the neck there, but I just dislike candles. So I have an allergic reaction when they're mentioned. Where else should we anchor the VWAP and on what timeframe? I've been anchoring every new high and new low, deleting the previous one. I will never have that. That's just not realistic. That's not a thing. If day trading was the only thing available, I would probably just day trade the S&P 500 futures. And I would look at one minute charts and I would say, you know, for instance, yesterday's low, I had an anchor on because that's more important than today's open because this has more price memory. I would be putting them as the market breaks from a high, I would put an anchor on that high right here. And I would look at it and say, hey, it's failing there. Maybe take a short. It running up to it and it's failing. Maybe take a short there. But fortunately, D, that's not something that I will ever have to choose. In other words, I don't have to day trade. And I don't think. most people, I'll repeat myself here. Most people should not be day traders. Most people do not have the skillset or the emotional disposition to day trade successfully. Everyone thinks that they're the exception to the rule. And someone's saying, I asked that last week. And it's true. I mean, I will be consistent about that. I've been doing this full time since 1991. And I have seen tens of thousands, and I kid you not, tens of thousands of people uh, trade. And, you know, out of those, I could probably count on probably in both hands, but not both toes as well. Uh, 10 toes as well. I could count the number of successful people who have day traded. It's, it's so low. It's ridiculous. And I think we spoke about restaurants last time we, we, we spoke about it. Enrique says, Brian, I really appreciate your work. You do most of all, how accessible and reasonable it is for anyone to subscribe. Uh, glad. to hear that. My question is excluding VWAP. If you had only, so everyone wants, if I could only do this one timeframe, or if I only had one moving average on a daily chart, what would it be? I wouldn't use a daily chart. I would say if I had to have one moving average, it would be the five-day moving average on an intraday basis. I would not look at a daily chart with a five-day because it's only five days at the end of the day. And the I apologize. The questions should be sent to the email. If there's time and go to webinar, I will answer the question, David. But right now, I've got to move that out of my way so it doesn't distract me. But your question is last in line in any question in go to webinar. It's been clear how to send the questions in. And I do that so I don't have to look in 10 places for questions. Anyways, my question is, excluding VWAP, if you only had one moving average on the daily chart, what would it be? I would not use a daily chart. I would use a 30-minute, a 15-minute, a 10-minute chart, and I would have the five-day moving average. So there is your answer because that's the best for swing trades, and that's my preferred time frame. Yoav says, can you please touch on how to verify or mitigate risk as it pertains to change from stage one to stage two with a current example of HTZ? Well, this is unusual. This was a news-based and it happened all at once. So could I verify or manage how to mitigate risk? If you're going to mitigate risk, you've got to be trading on a shorter term timeframe and looking at it and saying, is this actually going to hold? So for instance, I first pointed out to AlphaTrend subscribers here yesterday. It pulled back. I got out. It bounced from the daily VWAP here and then it failed again. Then late in the afternoon, I didn't participate in that rally. I got involved in the pre-market at 638, I think it was, and then traded. So you've got to do it on shorter-term timeframes, Jov. But basically, this is a highly unusual. And by the way, I think it's probably heading towards this anchor from that high. So mitigate risk is done by recognizing the larger timeframe breakout. managing risk on a shorter term timeframe. Again, it's always about trend alignment and multiple timeframe analysis. Prakash says, what platform do you use for plotting the anchored VWAPs? This is TC2000. And in here, you can see when you hover on that anchor, it's called the anchored VWAP by Alpha Trends. They were the first ones to do an anchored VWAP at my request. That's why it's called the anchored VWAP by Alpha Trends. But there's a number, and if you... You must not have read it. I wrote it. The Anchored VWAP book because there's a list in there. But briefly, yes, it's available on TradingView. Can I give an overview of the platform and how to plot an Anchored VWAP? That goes beyond the scope of what I'm doing here. I'm not here to give software tutorials. There are tons of those available. And AI is just amazing. I've created... you know that uh that one script you know i created it originally with with ai but just ask ai how do i do it and you'll get the answer immediately there are probably hundreds of videos about how to add the anchored view app on trading view as well so it is easy it is accessible and uh again you know i the trading view is my secondary charting platform i use it really only for the futures and for uh crypto if the futures and crypto were available on TC2000, I would probably just use TC2000. Tom says, does the five-minute exit rule after the open work the same way for shorts as well as longs? Yes. And what he's talking about is the five-minute or the two-minute rule. So the rule is for a long, if the stock, let's say we bought it here and let's say we're looking at this as potential resistance. So we look at it and say, okay. We're going to look at it and it's approaching that level. Am I going to sell it right there? It has such strong momentum, I might be giving it away. So instead, I'm going to continue to hold it. And as this bar opens, then I put my stop under here. As the very first tick on the new bar opens right here, I set my stop under there. And if the stock continues to move higher, I repeat that process, whether it's using two-minute bars or five-minute bars. And then right here. That's where I would get out. So on the downside, let's say we shorted it here and we're looking at this as potential support, same story. It drops, drops, and here it's, you know, getting momentum. So either cover it here, or if it continues lower, ideally, you know, that's the scenario is that you get a little extra out of it. But yes, absolutely. 100% Tom just flips back to the opposite way. Williams says, can the five-day moving average be used in futures the same way it is for stocks since the futures market is open 23 hours a day and there are periods of lower volume activity? It does. And so the market is open 23 hours, as you said, so 23 times five days. That is a 115 hour in five days. So there's 115 hours in five days. If you're looking at an hourly chart, you would look at the 115. period. If you were looking at a 30 minute timeframe, you would double that. You have twice as many periods. So you would be looking at the 230 period moving average to get your five day. What I think is that you ought to use a moving VWAP though with a period of 115 hours. If you do that, that then normalizes the lower volume periods in the middle of the night. and adjust it so that the volume is what we're getting rather than just time because we have such an unequal trading volumes between the overnight and the regular trading hour session. Mike's question is, how much weight, if any, do you put in the monthly MACD for major indexes, et cetera, for the overall trend? And the question is zero. I don't look at it. at all ever. So again, if it helps you do that, it doesn't help me. So I don't use it. Let's see. I was wondering if you could this made me laugh. I wonder if you could, according to Harvey Weinstein's four stages Harvey Weinstein is the pedophile. Stan Weinstein is the technician. So anyways, I know who you're talking about. The title of the email is Harvey Weinstein, and it just must be a slip, obviously. But according to Stan Weinstein's four stages, what stage do you think the NASDAQ is currently in? Are we in stage four? Yes, we are. Because we're below all these key moving averages and the path of least we're somewhere equal to about right over in here maybe. So that is going to take time to heal. As I've been saying, I've consistently said that even if it breaks this low and then does this, it might get a rally up to the longer term moving averages. And then it's likely to fail again. And these rallies get people excited over here. But as long as those moving averages are declining, then I will look at it with a high level of suspicion. And I will start to believe it over here when it does this. And I will be a buyer there with a stop under there, hoping that it can do this again. We'll have to wait. It's going to take some time. So I won't tell Stan that you called him Harvey. Reza says, my question is. For your exact chart setups, my moving averages seem to be different than yours. Can you please talk about the charts, the durations, and the studies you put on each chart? Simple moving averages. So on the weekly chart, I've got a 20-week, a 31-week, and a 42. That's approximately equal to 50, 150, and 200 days. Most people look at a 40 thinking it's a 200-day moving average, but 42 accounts for half days and holidays. It's going to be much more. in line with the 200-day moving average on the daily chart. On the daily chart, I have a 20, a 50, and a 200. And on the shorter-term timeframes, intraday, I simply have a five-day moving average. And the five-day is not five periods. It is five rolling days. There are 390 minutes per day, 1,950 minutes for five days. So whatever timeframe you're looking at, divide it into 1,950. So when we look at the five... day moving average on a 30 minute timeframe, it's 65 periods because 65 times 30 is 1950. On the 15 minute chart, it's 130 periods because 130 times 15 is equal to 1950. So that's it. And I, you know, I place anchors and I have volume on my daily chart and some others. I don't really pay a lot of attention to volume because only price pays. And As I've been saying, for instance, in the NASDAQ, do I care it's rallying on light volume? Not a bit. What I care is the buyers defended it at the average price from that low. That's way more important than just looking at it going, oh, I don't trust it. It's up on light volume. That's old school thinking. It's broken thinking. It's not how the market works. Mateo says, I've always used Ethereum. Bitstamp on TradingView. I've noticed there's a substantial difference if I use the Anchored View up since 2016 with a chart used on Coinbase. The difference exists only in cryptocurrencies. Does this difference occur in cryptocurrencies or also in stocks? Stocks have an advantage over cryptos in that they have a centralized exchange where all quotes get printed through. There is no such thing on the Bitcoin that I'm aware of. Instead, when you look at the volume of Ethereum on, what did you say, Bitstamp, you're going to look at the average of all the trades placed on Bitstamp, not on Coinbase. And Coinbase will limit to just Coinbase. So, you know, you're going to have some discrepancy. I say... go with the one that you trade on because that's where your liquidity is. So if you're trading on Bitstamp, then you should look at Bitstamp or just go for the most liquid. Patum says, could you demonstrate how you personally use the weekly, daily, and 30-minute timeframe when shortlisting stocks for swing trades and how you use the five-minute timeframe for entry using one of your past trades as an example? That's quite a complex question. So basically, I'm looking at the daily charts first. And I just kind of scroll through charts. You know, I'll look at a list and I will just kind of scroll through here. Here's a little list I have. I'll look at them like this until something pops out and interests me. So JP Morgan, I look at it and say, okay, here's where we're on the daily. Do I need to look at the weekly? No, but if I need to, it's right over here. So I have that accessible. So I look at it and say, it's rallying up to the prior band of support. Five-day moving average is starting to flatten out on Monday. The five-day moving average is likely to start to decline. So this sets up as a potential short. Initially, it might find buyers at the anchor from the low. But if that gives up, then we look at the weekly chart and say, okay, now it's ready for a bigger decline. So it's all about anticipating on the shorter-term timeframe and saying, do I want to short it below this low? No, because it will have just dropped nine points. Instead, I want to see a lower high. and then i will short it here and look to cover at least a portion of it or use that five minute exit and if it slices right through it great i'll have a two-thirds position left and continue to hold it so that was a quick rundown on on how it works i would say that you know i've also uh i think shown some pretty good examples in in my books on how to do that um Carlos says, in your charts, are the vertical lines indicating the start of the data for the moving average generated by a script, or you do move them manually? This is another thing. So I've got a really good relationship with TC2000. They created this at my request. And what it is is simply you go into the moving average, click Edit, rather. And then this right here is if I say none, so there's my 20-day moving average. When I... go in here and say a line or I like a dashed line so it doesn't run through the whole body of the bar. So every day that moves automatically. Every 30 minutes, that moves automatically. If I have it on a five-minute chart, it will move automatically every five minutes. And this is, again, TC2000. I know that people have made them for TradingView. And if you're interested in creating your own... I would say go to AI and tell AI what you want it to do. And I guarantee with a little bit of trial and error, and if you have a half a brain, you could probably get it done within 20 minutes. And I'm not saying you half a brain because I don't know you. I'm just saying anyone with half a brain can get this stuff done these days. It's just that it blows my mind that you don't have to be a programmer or a coder to do this. I did it. I don't know how to use a scientific calculator, and I've created scripts on TradingView. It blows my mind. just using plain English. James says, what do you look for to provide evidence that an anchored VWAP is a level of support versus just probing it? And, you know, so again, it's very similar to what I look at for a moving average is that, do I want to buy that touch right here of the 200-day moving average, or I want to buy strength away from it. So once it's hit it for a few bars on a daily, it might be three, four days. On a 30-minute timeframe, it might be three or four bars on a intraday one minute chart or two minute chart it might be that you know it it bounces from that vwap let's forget all the other stuff then i want to be a buyer right here as it breaks this little consolidation i would buy it it touched it came close enough to touching it and say i'm going to buy here with a stop under there so it's it's a matter of ideally you know a little bit of sideways action, maybe even a little dip below it, and then kind of do this, and then to buy strength as it rallies away from it. It's best if it pulls back through it because it burns the people who have a bid at the VWAP. So that's the way I view it is just a little bit of trading in there on the shorter term timeframes. YouPal says, as a beginner, I understand that VWAP from important events, days, high, low. et cetera, become a level of interest. How do you analyze whether this level of interest is for buyers or sellers? From hindsight, I understand it gets difficult to take action in a live market. The way I look at it is when the stock is testing from below, we look at it and say this anchor and the week-to-date anchor up here are likely... Why is that there? That should be more like right. here from the 16th. So I've got a 1, 2, 3, 4 day. So this is the week-to-date volume weighted average price. So when we're below the week-to-date volume weighted average price and it rallies up to it, I'm saying, okay, it just rallied from 228 to 234. It just rallied six points. That's 2%. It's more likely to be supply. So I look at it as if it's testing a level from the low yesterday, if it comes down to there, I'm looking at saying, That's likely to be tested as support. So if it pulls back to it, it's likely to become a level of support is what we look at it. If it rallies up to a level like we saw in... you know in in the nasdaq uh over here you know we looked at this and said that was a level of interest of supply this is a level of interest as support because or demand because it's from below is it going to be supported here it was defended as resistance um so david's asking a few questions i don't know why i send them in there and not to email um i've made it clear who gets priority and people are sending in questions to email i'm always going to answer the email questions first And if we have time, we get to the go-to webinar questions. I just want to make sure everyone knows the rules and that they're there just to keep order. And I don't have to look in five places for different questions. And I want everyone to have equal access. On which side of the gap do you generally place the Anchored View app start? I think you mean, do I start at the beginning of the day or the prior day? And at the beginning of the session. As the gap starts, that's where I do. Brian, rereading your Anchored VWAP book, I'm struggling to define a low-risk entry after pullback bounces off the VWAP. Should I draw a horizontal line? Probably not. At a prior low or current, wait for additional volume signals. What are you missing? You're missing okay, so for instance, when we see the market the Q's pull back yesterday to the anchored VWAP from the low. We look at it from the low, the year to date low. When we see it pull back to there, yes, it's below the daily VWAP. That's that pink line from yesterday. But we look at it and say, okay, let's take a look in here. Do I think it can rally into the close? So maybe I just buy it as it makes above that two-minute high right there. So it's a level of interest. The thing is, like I say often, the email is written down in the signup on Twitter where it said, please read the entire tweet before you ask questions. So the thing is that when it's time to pull the trigger, do you pull the trigger right at that VWAP? Do you pull it as it moves away from it? That's the art of trading. I'm not going to hold anyone's hand and say, I just bought here. I just sold there. You're trying to become your own trader. So you've got to look at those levels of interest and be aware of them in advance and say, hey, that's that level. That's why I've been talking about it every single day since that low that here we are coming into it. And I believe I put something on Twitter about this saying it's approaching that level, meaning watch it. Again, I'm not going to say for what, I'm going to say watch it, but if it's pulling back towards it, oftentimes it acts as support and we get bounces and that's what did happen. So Justin, you get more confident as you make more trades and you start to realize how it acts in that level. So next week, what should you be doing? You should be looking at the anchor from this peak right here from this week and saying, if it rallies up to there. you know how am i going to look at it if it does this then i'm going to think well maybe it can break higher if it consolidates under it if instead it rallies up to there and then begins to pull back and then starts to fail i think okay we're probably going lower that was a fast move higher we're probably going to break down if i can short here i'll i'll maybe cover here at this v web because it's important but the more times any level of support is tested the more likely it is to fail and maybe it does this And then that's the fatal break for it where we see the floodgates open. We go down, undercut this low, steal the stock from people who bought it and have their stops under there. Get uneducated money into shorting it down there because who shorts after a 10% decline, a quick 10% decline? That's not smart. Don't short the breakdown. Short prior to it. So it's all about anticipation. understanding the levels in advance and in knowing how they generally work. And that comes from careful observation, a lot of observation. You've got to remember, I've been doing this since 1991. So it's natural for me. It's going to take time to develop your skills, especially, and that's why You shouldn't be trading on shorter term time frames, but you should be aware of this because we can see this now. So on this day, we could only know if it was important on a one minute chart. If we looked at a daily chart, there would be nothing there basically. You'd see a green dot. So now we can see that, yes, that's important. And we can get more refined and more detailed on a 15 minute time frame. On a five minute time frame, we can see those levels with more clarity. So again, it's always about using multiple timeframe analysis to get it all together. Scott says, appreciate all your help. Please share your thoughts on establishing trading, investing rules and discipline in adhering to those rules, not solely in the current market, but in various varying market conditions. I'm not sure I understand this question. Please share your thoughts on establishing trading, investing rules and discipline and hearing to those rules. Well, my thoughts are, you know, if you have trading rules and and have the discipline to implement them, you're going to take the emotional equation out of the market. You're going to be okay with not buying the low. You're going to be okay with not selling at the top. You're going to say, here are my strategies. I know these strategies work. And that's what I'm trying to teach here is strategies, not just buy the stock, sell the stock. My stop's here. Why is my stop there? Because that's the most recent relevant higher low for the time frame I'm engaged in. Focus on those things, Scott. And then If you're not being disciplined, then you've got to either get some help with that, talk to a professional. There are plenty of trading coaches out there. But it comes down to personal responsibility and saying, I don't rely on anyone. There's people who are always victims in the market. Oh, those damn market makers. The market's crooked. Oh, the Fed's, it's Trump's fault. It's the Fed's fault. It's price action. Don't put emotion to it. Look at it objectively and say, if it rolls over like this, the sellers are probably going to smush this thing. So you have to be dumb to buy it if it does that. That's the way I look at it. I mean, it's just, to me, it's just common sense. And I never mean it in an insulting way. Yesterday, I said something like trading without VWAPs is stupid. It is. It's stupid. It's supply and demand. And I'm not trying to insult anyone or sound negative. I'm trying to get people's attention and say, listen to the basics of the market. It's supply and demand for stocks. There's reasons, but you can't chase every headline every time Trump tweets something or some trading partner says, we're going to do this with our tariffs if you do that with your tariffs. You've got to look beyond that and look at price action and say, what's the picture saying? And when you look at the picture and you say, I don't know, it doesn't make sense. You've either got to learn more or understand that there are a lot of times when the market action doesn't make sense. And the message of that is sit on your hands, do nothing, wait, be good with doing nothing. Harry says, with the markets in a downtrend. being new to the Anchored View app, I'm wondering when using Anchored View app for swing trades on the long side, what conditions increase the probability of success of the trade? One, it's in an uptrend. It's above the 20, 50, 100, 200-day moving average. It's pulled back a few days, maybe tested the five-day moving average, maybe even gone below it and it gets back above it. The question goes on, I want to stop focusing on past winners and switch to identifying entered upward trending stocks at the proper entry level. I've been using upward trending 5, 21, and 50-day moving hours along with relative strength and identifying stocks. Here's the thing about relative strength stocks in the bear market. Relative strength means we're going to save that stock for another day to sell it. People were all excited about UnitedHealth with this rally a week and a half ago. And it was a nice rally. But guess what? Earnings came out and this relative strength became today's loser. Relative strength is a good way to identify the stocks. when the market pulls back in an uptrend. So McDonald's is showing relative strength. Does that mean you want to buy it? The stock's done nothing. It's showing relative strength because it's not going down, but all it's doing is frustrating longs and shorts equally in here. So why waste your time with a stock like that? Relative strength is not a bear market technique. However, I frequently buy extended and get stopped out. Don't buy extended stocks. Don't buy breakouts. Continue to learn the things that I'm teaching here and you'll be in a lot better condition. Should I look for reversals from anchored VWAP touches or something else? Again, Harry, it's the combination of all of them. So it's about the art, the science of technical analysis. And then how does it apply to the art of trading and looking at all of the pieces of the puzzle together and saying, Well, okay, we're above the daily view app, but we're below the 5, the 20, the 50, and the 200. Am I going to trust this rally? Hell no. Someone sent me a how do I join the email, the webinar on X? I saw the announcement but didn't receive the email. Delete. It was very clear. It's available. The recording will be available anyway, so I don't know who's asking that question or why they are. Hi, Brian. I hope you're doing well. Which intraday timeframes do you utilize? Thanks for answering my question. I use all of them. I mean, I use a one minute sometimes. I use a five minute, a two minute. Sometimes I use a three. I use a 10. I use a 15. Again, it's about blending them all together and saying, how do they all fit together? How does this weekly chart in the upper left corner tie in with the daily chart and the 30 minute chart and the 15 minute chart? the two minute chart you can't see off my screen. How do they tie together so I can be as precise as possible? So I use all of them. And the shortest timeframes are for entries. As I get a little bit of cushion in my entry, then I start looking at, okay, I don't need to look at a one minute chart. I'm not going to buy and sell this thing 35 times today. I want to look at it and say, okay, now I can move it out to a five minute timeframe. After a few days, and I've got some cushion, then I'm looking at a 10, 15, 30 minute timeframe. So it's using them all together. I'm an ex-subscriber. Don't see the link to the educational webinar yet. It's there. I don't know what to tell you. Um, everyone else has joined. So I don't know, you know, weird. Um, thank you for the answer. Okay. So all of the email questions has been answered. So David, you're in luck here. I thought we had more questions than that. Let me see. Uh, So this is about to become the David show because David has asked three questions. I'm sorry, it was just two. Is it possible? And hey, here's the thing. Everyone has equal access to questions. So if you've sent them in via email, they have all been answered. Now I'm going to close that email until next month when we look at the next webinar. But meanwhile, if you have a question, please type it in the GoToWebinar. I'm happy to answer those questions. So David says, is it possible to show me how to create an anchored view up on TradingView? No, it's not. I'm going to give you the same advice that you already heard, which is to go in. There's probably a hundred, dozens at least, of tutorials on how to do that. Why do you keep the change amount in dollars rather than percent? The change amount? I have them both. I don't know. Up here, it's 220.71%. I mean, I don't know what you mean. And look at the daily spreadsheet. I put out the daily percent change, the week-to-date, month-to-date, year-to-date. So I'm not really sure what you mean there, David. Bruges says, Brian, do you use order flow? platform like bookmap nope everything that i use you guys see it i'm not hiding anything this is what i use i don't use options data i don't use bookmark bookmap rather i use bar charts with simple moving averages anchored vwebs and volume that's it so we're here that's it for questions As I said, I've answered 100% of the email questions. I've answered all the questions in the GoToWebinar. So I'm going to turn the recording off.

How do you decide when to take a profit or close a position? As an example, I bought HUD after it reclaimed the Anchored View app from the August low. this is a different trade.

I'm not sure where to put the stop loss. Today, I put it at 4,606. So this was sent in a week or so ago. It depends on your timeframe. So if you bought this in August, well, then you look at it and you say, what's the definition of trend for the timeframe that you're looking at?

Is it a pattern of higher highs and higher lows above a rising 50-day moving average? Then you wouldn't have been stopped out there. But as it made it.

a low and then a high, then a lower high, and then a lower low, that might have been your exit for a stock like Robinhood from an entry down in August. You're never going to get out at the top. That's just ridiculous for anyone to tell you that you can get out near the top.

But you have to decide which ones. And you never sell on a gap lower. Always give it some time. So you probably wouldn't have exited there.

And you may have even said, well, as long as it makes these higher lows, I'm going to look with it. Today, I was trading Hertz, HTZ, and I was showing Alpha Trends full members that, you know, as it was making these higher lows, actually on a two-minute chart, that the same concept applies. That when the stock was right here, I drew this in to say, here's what is possible.

And, you know, at this point, it made that high. I got stopped out of some here. And then it made a pattern of lower highs and lower lows. So that was a good exit there. And again, for HUD, you're talking about a longer time frame, but the same exact concept applies.

It's the definition of trend for the time frame that you're trading on. So there's our first one answer. Next up is from Gita, who says, do you prioritize the daily VWAP over the week to date or year to date?

How much weight do you give to the five day? on the daily and 30 minutes charts versus the VWAP. It all depends, Gita.

It's not one is always better than the other. I mean, if we have the stock below a five-day moving average and the stock is above the daily VWAP, I generally don't want to buy it. I might if we're deeply oversold like this market has been, but it's not that one is a priority over the other.

It's more about How do they blend together? I say it all the time that it's similar to asking Van Gogh, what's your favorite color? He might say, I don't have a favorite color. It's how I use them all together. You can't paint a masterpiece just using blue.

If you're going to do blue and make the ocean, you've got to use 100 different shades of blue and color palettes that maybe aren't even in existence that are known to man. You've got to blend them together. It's the art of technical analysis and how they blend together.

Ultimately, what it all starts out with is trend alignment. Right now, in the S&P 500 and the rest of the markets, we're below a declining 20, 50, and 200-day moving average. So if our trends are going to be aligned, they're going to be aligned to the downside, not to the upside. This rally was a counter-trend trade because the primary trend is lower.

Will says, not sure you're going to see this. I'm pretty despondent after getting stopped out of what I thought was a good entry, only to see the market reverse and continue in this direction. Is there anything I could have done differently? And I don't know which market you're talking about, Will. It doesn't say.

And this was sent on April 10th. So let's just say it was on this day right here on the 10th. Let's look at the SPY.

And you've got to look. at uh where you know what the volatility in the market and how you know how disappointed can you be because you know you sent this on uh the 10th so you i'm not sure where you entered on the 10th maybe you entered right here and you've got to again listen to the definition of trend what high or low are you looking at you should have maybe been stopped out right here on monday so um Should I have short into the rising yellow anchor? So again, yeah, there's no picture there, but it's just a trade.

Don't be despondent. There'll be more trades. Some will work better than others.

But in this case, let's say you bought over here. Your stop should have been under here. And then keep raising your stop up under the higher lows. It's the same thing for every stock, every market, every time frame. It truly, really is.

Use the definition of trend and make sure those trends are aligned. The moving averages give us the reference point to compare the trend to, and the anchored volume weighted average price levels give us a little bit more precision in our entries and exits. Bruges says, my question is, do you use anchored volume profile in your trading? And I do not. So that was a simple yes, no question.

It's just more than I think is necessary for my. needs here so I already answered a question from Jetta so I'm gonna save that one for the end in case there's time for it but as I say you know I appreciate you sending him in in a separate email that way I try to give everyone equal access to getting their questions answered Jan says Brian is there any reason you don't use indicators like MACD because you can see the same information in price itself and those are more like training wheels I don't really view them as training wheels so much, Jan, but I've looked at MACD. I've traded with MACD earlier in my career.

And the way I see it is that they're not training wheels. They don't continue to provide the value to me as much as price, volume, and time. That's what really makes more sense to me. I'm not interested in overbought and oversold and divergences.

I'm looking at price action saying, okay, we're maybe starting to transition here. We're below that orange five-day moving average. We get rid of this. You know, the MACD, I just don't find it useful. It doesn't mean it might not be useful to you.

And I would encourage, and I always say this, if you find a particular MACD, RSI, stochastic, whatever it might be. that you find to be useful in your analysis, just because I don't use it doesn't mean you shouldn't. You should use anything that you feel gives you an edge.

I have a specific way of trading and I've reduced the things on my charts over the years so that I don't have as many distractions and that's why I don't really listen to news. I don't listen to a Fed statement. What am I going to listen to that for?

It sounds boring as hell. I don't listen to conference calls on earnings. I just look at price action because that tells me all I need to know. And I want to know who has control from this point.

Are they willing to defend it? And it seems like, yes, they are. So those are the things that make more sense to me is supply and demand based, not mathematical formulas.

Maj says, I'd greatly appreciate if you could tell us what trading platforms you use for crypto and stock trading. For crypto, I use Gemini, Gemini.com. I find their fees to be. less expensive than Coinbase. I use the active trader.

So I don't know how that compares to just walking off the street, Gemini, but I think now you've got to do a certain... I used to trade it a lot more actively, so they gave me the active trader, but now I don't trade nearly as active as I used to. And for equities, I have my main trading account at Thinkorswim.

i also trade at fidelity and interactive brokers so those are the ones that i use there's nothing you know particular i like or dislike about them they're just kind of what i've used i think that you know i don't use um so for charting here and this you can see my main charting platform is tc2000 they do have a brokerage but i don't use their brokerage because why would i pay a commission using their brokerage when i can trade for free or i'm sorry and there's one other firm that I use, which is public.com. They pay me a rebate on all of the options trades that I do. There's no commission and I get a rebate. So I get paid for trading options. And with limit orders, the executions are great.

I've never had an issue with them. Michael says, I understand crossing trend lines or indecision. For the 5, 10, and 20 moving averages, is there a time span to consider? Stay away if they cross often.

For how long? How long is acceptable? I don't really have a good answer for that.

Here is the 5, 10, and 20. And you'll notice that I never really mentioned the 10. We had a crossover here of the 5 and the 10, then another cross here, then another cross here. I don't really pay attention to those crossovers in the moving averages, Michael. So I really can't answer that question. I just kind of look at it in terms of, you know, when are, you know, ideally we want to be aggressively short when they're all aligned like in here.

And now next week, if we start to see. This is where we were 10 days ago. I just have that as a dot. So the 10-day moving average is going to begin to rise Monday, Tuesday, and Wednesday of next week. It's going to look like this.

The 5-day moving average is going to look like this. So we're going to have indecision, but they're crossing to the downside. So if it does this and the 5 stays below the 10 and the 10 is below the 20, well, then we're likely to see another nice leg lower.

But that's not a main strategy that I have, Michael. or Mike, I guess it is. I'm sorry. I didn't.

Oh, it's signed Michael. That's why I said that. So anyways, D's question is, if you could no longer swing trade and only day trade, where do you think besides the first minute candle, not candle, but bar, and I'm just being a pain in the neck there, but I just dislike candles. So I have an allergic reaction when they're mentioned.

Where else should we anchor the VWAP and on what timeframe? I've been anchoring every new high and new low, deleting the previous one. I will never have that. That's just not realistic.

That's not a thing. If day trading was the only thing available, I would probably just day trade the S&P 500 futures. And I would look at one minute charts and I would say, you know, for instance, yesterday's low, I had an anchor on because that's more important than today's open because this has more price memory. I would be putting them as the market breaks from a high, I would put an anchor on that high right here.

And I would look at it and say, hey, it's failing there. Maybe take a short. It running up to it and it's failing.

Maybe take a short there. But fortunately, D, that's not something that I will ever have to choose. In other words, I don't have to day trade.

And I don't think. most people, I'll repeat myself here. Most people should not be day traders.

Most people do not have the skillset or the emotional disposition to day trade successfully. Everyone thinks that they're the exception to the rule. And someone's saying, I asked that last week.

And it's true. I mean, I will be consistent about that. I've been doing this full time since 1991. And I have seen tens of thousands, and I kid you not, tens of thousands of people uh, trade.

And, you know, out of those, I could probably count on probably in both hands, but not both toes as well. Uh, 10 toes as well. I could count the number of successful people who have day traded.

It's, it's so low. It's ridiculous. And I think we spoke about restaurants last time we, we, we spoke about it. Enrique says, Brian, I really appreciate your work. You do most of all, how accessible and reasonable it is for anyone to subscribe.

Uh, glad. to hear that. My question is excluding VWAP.

If you had only, so everyone wants, if I could only do this one timeframe, or if I only had one moving average on a daily chart, what would it be? I wouldn't use a daily chart. I would say if I had to have one moving average, it would be the five-day moving average on an intraday basis.

I would not look at a daily chart with a five-day because it's only five days at the end of the day. And the I apologize. The questions should be sent to the email. If there's time and go to webinar, I will answer the question, David. But right now, I've got to move that out of my way so it doesn't distract me.

But your question is last in line in any question in go to webinar. It's been clear how to send the questions in. And I do that so I don't have to look in 10 places for questions.

Anyways, my question is, excluding VWAP, if you only had one moving average on the daily chart, what would it be? I would not use a daily chart. I would use a 30-minute, a 15-minute, a 10-minute chart, and I would have the five-day moving average. So there is your answer because that's the best for swing trades, and that's my preferred time frame. Yoav says, can you please touch on how to verify or mitigate risk as it pertains to change from stage one to stage two with a current example of HTZ?

Well, this is unusual. This was a news-based and it happened all at once. So could I verify or manage how to mitigate risk? If you're going to mitigate risk, you've got to be trading on a shorter term timeframe and looking at it and saying, is this actually going to hold?

So for instance, I first pointed out to AlphaTrend subscribers here yesterday. It pulled back. I got out. It bounced from the daily VWAP here and then it failed again.

Then late in the afternoon, I didn't participate in that rally. I got involved in the pre-market at 638, I think it was, and then traded. So you've got to do it on shorter-term timeframes, Jov. But basically, this is a highly unusual. And by the way, I think it's probably heading towards this anchor from that high.

So mitigate risk is done by recognizing the larger timeframe breakout. managing risk on a shorter term timeframe. Again, it's always about trend alignment and multiple timeframe analysis. Prakash says, what platform do you use for plotting the anchored VWAPs?

This is TC2000. And in here, you can see when you hover on that anchor, it's called the anchored VWAP by Alpha Trends. They were the first ones to do an anchored VWAP at my request.

That's why it's called the anchored VWAP by Alpha Trends. But there's a number, and if you... You must not have read it. I wrote it.

The Anchored VWAP book because there's a list in there. But briefly, yes, it's available on TradingView. Can I give an overview of the platform and how to plot an Anchored VWAP?

That goes beyond the scope of what I'm doing here. I'm not here to give software tutorials. There are tons of those available.

And AI is just amazing. I've created... you know that uh that one script you know i created it originally with with ai but just ask ai how do i do it and you'll get the answer immediately there are probably hundreds of videos about how to add the anchored view app on trading view as well so it is easy it is accessible and uh again you know i the trading view is my secondary charting platform i use it really only for the futures and for uh crypto if the futures and crypto were available on TC2000, I would probably just use TC2000. Tom says, does the five-minute exit rule after the open work the same way for shorts as well as longs? Yes.

And what he's talking about is the five-minute or the two-minute rule. So the rule is for a long, if the stock, let's say we bought it here and let's say we're looking at this as potential resistance. So we look at it and say, okay. We're going to look at it and it's approaching that level.

Am I going to sell it right there? It has such strong momentum, I might be giving it away. So instead, I'm going to continue to hold it.

And as this bar opens, then I put my stop under here. As the very first tick on the new bar opens right here, I set my stop under there. And if the stock continues to move higher, I repeat that process, whether it's using two-minute bars or five-minute bars.

And then right here. That's where I would get out. So on the downside, let's say we shorted it here and we're looking at this as potential support, same story.

It drops, drops, and here it's, you know, getting momentum. So either cover it here, or if it continues lower, ideally, you know, that's the scenario is that you get a little extra out of it. But yes, absolutely.

100% Tom just flips back to the opposite way. Williams says, can the five-day moving average be used in futures the same way it is for stocks since the futures market is open 23 hours a day and there are periods of lower volume activity? It does. And so the market is open 23 hours, as you said, so 23 times five days. That is a 115 hour in five days.

So there's 115 hours in five days. If you're looking at an hourly chart, you would look at the 115. period. If you were looking at a 30 minute timeframe, you would double that. You have twice as many periods. So you would be looking at the 230 period moving average to get your five day.

What I think is that you ought to use a moving VWAP though with a period of 115 hours. If you do that, that then normalizes the lower volume periods in the middle of the night. and adjust it so that the volume is what we're getting rather than just time because we have such an unequal trading volumes between the overnight and the regular trading hour session. Mike's question is, how much weight, if any, do you put in the monthly MACD for major indexes, et cetera, for the overall trend? And the question is zero.

I don't look at it. at all ever. So again, if it helps you do that, it doesn't help me. So I don't use it. Let's see.

I was wondering if you could this made me laugh. I wonder if you could, according to Harvey Weinstein's four stages Harvey Weinstein is the pedophile. Stan Weinstein is the technician.

So anyways, I know who you're talking about. The title of the email is Harvey Weinstein, and it just must be a slip, obviously. But according to Stan Weinstein's four stages, what stage do you think the NASDAQ is currently in?

Are we in stage four? Yes, we are. Because we're below all these key moving averages and the path of least we're somewhere equal to about right over in here maybe.

So that is going to take time to heal. As I've been saying, I've consistently said that even if it breaks this low and then does this, it might get a rally up to the longer term moving averages. And then it's likely to fail again.

And these rallies get people excited over here. But as long as those moving averages are declining, then I will look at it with a high level of suspicion. And I will start to believe it over here when it does this.

And I will be a buyer there with a stop under there, hoping that it can do this again. We'll have to wait. It's going to take some time.

So I won't tell Stan that you called him Harvey. Reza says, my question is. For your exact chart setups, my moving averages seem to be different than yours.

Can you please talk about the charts, the durations, and the studies you put on each chart? Simple moving averages. So on the weekly chart, I've got a 20-week, a 31-week, and a 42. That's approximately equal to 50, 150, and 200 days. Most people look at a 40 thinking it's a 200-day moving average, but 42 accounts for half days and holidays.

It's going to be much more. in line with the 200-day moving average on the daily chart. On the daily chart, I have a 20, a 50, and a 200. And on the shorter-term timeframes, intraday, I simply have a five-day moving average.

And the five-day is not five periods. It is five rolling days. There are 390 minutes per day, 1,950 minutes for five days. So whatever timeframe you're looking at, divide it into 1,950.

So when we look at the five... day moving average on a 30 minute timeframe, it's 65 periods because 65 times 30 is 1950. On the 15 minute chart, it's 130 periods because 130 times 15 is equal to 1950. So that's it. And I, you know, I place anchors and I have volume on my daily chart and some others.

I don't really pay a lot of attention to volume because only price pays. And As I've been saying, for instance, in the NASDAQ, do I care it's rallying on light volume? Not a bit. What I care is the buyers defended it at the average price from that low.

That's way more important than just looking at it going, oh, I don't trust it. It's up on light volume. That's old school thinking. It's broken thinking.

It's not how the market works. Mateo says, I've always used Ethereum. Bitstamp on TradingView.

I've noticed there's a substantial difference if I use the Anchored View up since 2016 with a chart used on Coinbase. The difference exists only in cryptocurrencies. Does this difference occur in cryptocurrencies or also in stocks?

Stocks have an advantage over cryptos in that they have a centralized exchange where all quotes get printed through. There is no such thing on the Bitcoin that I'm aware of. Instead, when you look at the volume of Ethereum on, what did you say, Bitstamp, you're going to look at the average of all the trades placed on Bitstamp, not on Coinbase.

And Coinbase will limit to just Coinbase. So, you know, you're going to have some discrepancy. I say... go with the one that you trade on because that's where your liquidity is.

So if you're trading on Bitstamp, then you should look at Bitstamp or just go for the most liquid. Patum says, could you demonstrate how you personally use the weekly, daily, and 30-minute timeframe when shortlisting stocks for swing trades and how you use the five-minute timeframe for entry using one of your past trades as an example? That's quite a complex question.

So basically, I'm looking at the daily charts first. And I just kind of scroll through charts. You know, I'll look at a list and I will just kind of scroll through here.

Here's a little list I have. I'll look at them like this until something pops out and interests me. So JP Morgan, I look at it and say, okay, here's where we're on the daily.

Do I need to look at the weekly? No, but if I need to, it's right over here. So I have that accessible.

So I look at it and say, it's rallying up to the prior band of support. Five-day moving average is starting to flatten out on Monday. The five-day moving average is likely to start to decline. So this sets up as a potential short.

Initially, it might find buyers at the anchor from the low. But if that gives up, then we look at the weekly chart and say, okay, now it's ready for a bigger decline. So it's all about anticipating on the shorter-term timeframe and saying, do I want to short it below this low?

No, because it will have just dropped nine points. Instead, I want to see a lower high. and then i will short it here and look to cover at least a portion of it or use that five minute exit and if it slices right through it great i'll have a two-thirds position left and continue to hold it so that was a quick rundown on on how it works i would say that you know i've also uh i think shown some pretty good examples in in my books on how to do that um Carlos says, in your charts, are the vertical lines indicating the start of the data for the moving average generated by a script, or you do move them manually?

This is another thing. So I've got a really good relationship with TC2000. They created this at my request.

And what it is is simply you go into the moving average, click Edit, rather. And then this right here is if I say none, so there's my 20-day moving average. When I... go in here and say a line or I like a dashed line so it doesn't run through the whole body of the bar. So every day that moves automatically.

Every 30 minutes, that moves automatically. If I have it on a five-minute chart, it will move automatically every five minutes. And this is, again, TC2000. I know that people have made them for TradingView. And if you're interested in creating your own...

I would say go to AI and tell AI what you want it to do. And I guarantee with a little bit of trial and error, and if you have a half a brain, you could probably get it done within 20 minutes. And I'm not saying you half a brain because I don't know you.

I'm just saying anyone with half a brain can get this stuff done these days. It's just that it blows my mind that you don't have to be a programmer or a coder to do this. I did it. I don't know how to use a scientific calculator, and I've created scripts on TradingView.

It blows my mind. just using plain English. James says, what do you look for to provide evidence that an anchored VWAP is a level of support versus just probing it?

And, you know, so again, it's very similar to what I look at for a moving average is that, do I want to buy that touch right here of the 200-day moving average, or I want to buy strength away from it. So once it's hit it for a few bars on a daily, it might be three, four days. On a 30-minute timeframe, it might be three or four bars on a intraday one minute chart or two minute chart it might be that you know it it bounces from that vwap let's forget all the other stuff then i want to be a buyer right here as it breaks this little consolidation i would buy it it touched it came close enough to touching it and say i'm going to buy here with a stop under there so it's it's a matter of ideally you know a little bit of sideways action, maybe even a little dip below it, and then kind of do this, and then to buy strength as it rallies away from it. It's best if it pulls back through it because it burns the people who have a bid at the VWAP. So that's the way I view it is just a little bit of trading in there on the shorter term timeframes.

YouPal says, as a beginner, I understand that VWAP from important events, days, high, low. et cetera, become a level of interest. How do you analyze whether this level of interest is for buyers or sellers?

From hindsight, I understand it gets difficult to take action in a live market. The way I look at it is when the stock is testing from below, we look at it and say this anchor and the week-to-date anchor up here are likely... Why is that there? That should be more like right.

here from the 16th. So I've got a 1, 2, 3, 4 day. So this is the week-to-date volume weighted average price.

So when we're below the week-to-date volume weighted average price and it rallies up to it, I'm saying, okay, it just rallied from 228 to 234. It just rallied six points. That's 2%. It's more likely to be supply. So I look at it as if it's testing a level from the low yesterday, if it comes down to there, I'm looking at saying, That's likely to be tested as support.

So if it pulls back to it, it's likely to become a level of support is what we look at it. If it rallies up to a level like we saw in... you know in in the nasdaq uh over here you know we looked at this and said that was a level of interest of supply this is a level of interest as support because or demand because it's from below is it going to be supported here it was defended as resistance um so david's asking a few questions i don't know why i send them in there and not to email um i've made it clear who gets priority and people are sending in questions to email i'm always going to answer the email questions first And if we have time, we get to the go-to webinar questions.

I just want to make sure everyone knows the rules and that they're there just to keep order. And I don't have to look in five places for different questions. And I want everyone to have equal access.

On which side of the gap do you generally place the Anchored View app start? I think you mean, do I start at the beginning of the day or the prior day? And at the beginning of the session.

As the gap starts, that's where I do. Brian, rereading your Anchored VWAP book, I'm struggling to define a low-risk entry after pullback bounces off the VWAP. Should I draw a horizontal line? Probably not. At a prior low or current, wait for additional volume signals.

What are you missing? You're missing okay, so for instance, when we see the market the Q's pull back yesterday to the anchored VWAP from the low. We look at it from the low, the year to date low. When we see it pull back to there, yes, it's below the daily VWAP.

That's that pink line from yesterday. But we look at it and say, okay, let's take a look in here. Do I think it can rally into the close?

So maybe I just buy it as it makes above that two-minute high right there. So it's a level of interest. The thing is, like I say often, the email is written down in the signup on Twitter where it said, please read the entire tweet before you ask questions. So the thing is that when it's time to pull the trigger, do you pull the trigger right at that VWAP? Do you pull it as it moves away from it?

That's the art of trading. I'm not going to hold anyone's hand and say, I just bought here. I just sold there. You're trying to become your own trader.

So you've got to look at those levels of interest and be aware of them in advance and say, hey, that's that level. That's why I've been talking about it every single day since that low that here we are coming into it. And I believe I put something on Twitter about this saying it's approaching that level, meaning watch it. Again, I'm not going to say for what, I'm going to say watch it, but if it's pulling back towards it, oftentimes it acts as support and we get bounces and that's what did happen. So Justin, you get more confident as you make more trades and you start to realize how it acts in that level.

So next week, what should you be doing? You should be looking at the anchor from this peak right here from this week and saying, if it rallies up to there. you know how am i going to look at it if it does this then i'm going to think well maybe it can break higher if it consolidates under it if instead it rallies up to there and then begins to pull back and then starts to fail i think okay we're probably going lower that was a fast move higher we're probably going to break down if i can short here i'll i'll maybe cover here at this v web because it's important but the more times any level of support is tested the more likely it is to fail and maybe it does this And then that's the fatal break for it where we see the floodgates open.

We go down, undercut this low, steal the stock from people who bought it and have their stops under there. Get uneducated money into shorting it down there because who shorts after a 10% decline, a quick 10% decline? That's not smart. Don't short the breakdown.

Short prior to it. So it's all about anticipation. understanding the levels in advance and in knowing how they generally work. And that comes from careful observation, a lot of observation. You've got to remember, I've been doing this since 1991. So it's natural for me.

It's going to take time to develop your skills, especially, and that's why You shouldn't be trading on shorter term time frames, but you should be aware of this because we can see this now. So on this day, we could only know if it was important on a one minute chart. If we looked at a daily chart, there would be nothing there basically.

You'd see a green dot. So now we can see that, yes, that's important. And we can get more refined and more detailed on a 15 minute time frame.

On a five minute time frame, we can see those levels with more clarity. So again, it's always about using multiple timeframe analysis to get it all together. Scott says, appreciate all your help.

Please share your thoughts on establishing trading, investing rules and discipline in adhering to those rules, not solely in the current market, but in various varying market conditions. I'm not sure I understand this question. Please share your thoughts on establishing trading, investing rules and discipline and hearing to those rules. Well, my thoughts are, you know, if you have trading rules and and have the discipline to implement them, you're going to take the emotional equation out of the market.

You're going to be okay with not buying the low. You're going to be okay with not selling at the top. You're going to say, here are my strategies. I know these strategies work.

And that's what I'm trying to teach here is strategies, not just buy the stock, sell the stock. My stop's here. Why is my stop there?

Because that's the most recent relevant higher low for the time frame I'm engaged in. Focus on those things, Scott. And then If you're not being disciplined, then you've got to either get some help with that, talk to a professional.

There are plenty of trading coaches out there. But it comes down to personal responsibility and saying, I don't rely on anyone. There's people who are always victims in the market. Oh, those damn market makers. The market's crooked.

Oh, the Fed's, it's Trump's fault. It's the Fed's fault. It's price action.

Don't put emotion to it. Look at it objectively and say, if it rolls over like this, the sellers are probably going to smush this thing. So you have to be dumb to buy it if it does that.

That's the way I look at it. I mean, it's just, to me, it's just common sense. And I never mean it in an insulting way.

Yesterday, I said something like trading without VWAPs is stupid. It is. It's stupid.

It's supply and demand. And I'm not trying to insult anyone or sound negative. I'm trying to get people's attention and say, listen to the basics of the market. It's supply and demand for stocks.

There's reasons, but you can't chase every headline every time Trump tweets something or some trading partner says, we're going to do this with our tariffs if you do that with your tariffs. You've got to look beyond that and look at price action and say, what's the picture saying? And when you look at the picture and you say, I don't know, it doesn't make sense.

You've either got to learn more or understand that there are a lot of times when the market action doesn't make sense. And the message of that is sit on your hands, do nothing, wait, be good with doing nothing. Harry says, with the markets in a downtrend.

being new to the Anchored View app, I'm wondering when using Anchored View app for swing trades on the long side, what conditions increase the probability of success of the trade? One, it's in an uptrend. It's above the 20, 50, 100, 200-day moving average. It's pulled back a few days, maybe tested the five-day moving average, maybe even gone below it and it gets back above it. The question goes on, I want to stop focusing on past winners and switch to identifying entered upward trending stocks at the proper entry level.

I've been using upward trending 5, 21, and 50-day moving hours along with relative strength and identifying stocks. Here's the thing about relative strength stocks in the bear market. Relative strength means we're going to save that stock for another day to sell it.

People were all excited about UnitedHealth with this rally a week and a half ago. And it was a nice rally. But guess what? Earnings came out and this relative strength became today's loser. Relative strength is a good way to identify the stocks.

when the market pulls back in an uptrend. So McDonald's is showing relative strength. Does that mean you want to buy it?

The stock's done nothing. It's showing relative strength because it's not going down, but all it's doing is frustrating longs and shorts equally in here. So why waste your time with a stock like that?

Relative strength is not a bear market technique. However, I frequently buy extended and get stopped out. Don't buy extended stocks. Don't buy breakouts. Continue to learn the things that I'm teaching here and you'll be in a lot better condition.

Should I look for reversals from anchored VWAP touches or something else? Again, Harry, it's the combination of all of them. So it's about the art, the science of technical analysis.

And then how does it apply to the art of trading and looking at all of the pieces of the puzzle together and saying, Well, okay, we're above the daily view app, but we're below the 5, the 20, the 50, and the 200. Am I going to trust this rally? Hell no. Someone sent me a how do I join the email, the webinar on X?

I saw the announcement but didn't receive the email. Delete. It was very clear.

It's available. The recording will be available anyway, so I don't know who's asking that question or why they are. Hi, Brian. I hope you're doing well. Which intraday timeframes do you utilize?

Thanks for answering my question. I use all of them. I mean, I use a one minute sometimes.

I use a five minute, a two minute. Sometimes I use a three. I use a 10. I use a 15. Again, it's about blending them all together and saying, how do they all fit together?

How does this weekly chart in the upper left corner tie in with the daily chart and the 30 minute chart and the 15 minute chart? the two minute chart you can't see off my screen. How do they tie together so I can be as precise as possible?

So I use all of them. And the shortest timeframes are for entries. As I get a little bit of cushion in my entry, then I start looking at, okay, I don't need to look at a one minute chart. I'm not going to buy and sell this thing 35 times today. I want to look at it and say, okay, now I can move it out to a five minute timeframe.

After a few days, and I've got some cushion, then I'm looking at a 10, 15, 30 minute timeframe. So it's using them all together. I'm an ex-subscriber. Don't see the link to the educational webinar yet.

It's there. I don't know what to tell you. Um, everyone else has joined.

So I don't know, you know, weird. Um, thank you for the answer. Okay. So all of the email questions has been answered.

So David, you're in luck here. I thought we had more questions than that. Let me see. Uh, So this is about to become the David show because David has asked three questions.

I'm sorry, it was just two. Is it possible? And hey, here's the thing.

Everyone has equal access to questions. So if you've sent them in via email, they have all been answered. Now I'm going to close that email until next month when we look at the next webinar.

But meanwhile, if you have a question, please type it in the GoToWebinar. I'm happy to answer those questions. So David says, is it possible to show me how to create an anchored view up on TradingView? No, it's not.

I'm going to give you the same advice that you already heard, which is to go in. There's probably a hundred, dozens at least, of tutorials on how to do that. Why do you keep the change amount in dollars rather than percent? The change amount?

I have them both. I don't know. Up here, it's 220.71%.

I mean, I don't know what you mean. And look at the daily spreadsheet. I put out the daily percent change, the week-to-date, month-to-date, year-to-date.

So I'm not really sure what you mean there, David. Bruges says, Brian, do you use order flow? platform like bookmap nope everything that i use you guys see it i'm not hiding anything this is what i use i don't use options data i don't use bookmark bookmap rather i use bar charts with simple moving averages anchored vwebs and volume that's it so we're here that's it for questions As I said, I've answered 100% of the email questions.

I've answered all the questions in the GoToWebinar. So I'm going to turn the recording off.

Transcript for:Insights from Trading Q&A Session

Transcript for:
Insights from Trading Q&A Session