Technical Analysis Thursdays with Oliver Valz

Introduction

• Purpose: Weekly sessions to cover technical analysis.
• Series Revival: Previously ran Q&A Mondays and Technical Analysis Thursdays.
• Audience Interaction: Encouraged live participation for real-time Q&A and insights.
• Objective: Improve market reading skills and develop certainty in trading.

Series Structure

• Mondays: Q&A sessions to answer common and participant questions.
• Thursdays: Focus on one technical concept each week to practice and master.
• VIP Trading Club: Offers deeper weekly dives into trading concepts.

Trading Approach

• Assignments: Weekly tasks to practice identified trading concepts.
• Experience Building: Gain familiarity by playing, winning, and losing with different strategies.

Trading Setup

• Platform: Promotes trading using a laptop for flexibility and independence.
• Independence in Trading: Emphasizes freedom from corporate or professional constraints.
• Screen Setup:
  • Two-Minute Chart: Main trading chart.
  • Five-Minute Chart: Secondary trading chart.
  • Fifteen-Minute Chart: Advisory chart.
  • Daily Chart: Long-term advisory chart.
  • Independent Chart: For monitoring different stocks.
  • Execution and Monitoring: Includes level two for trade execution, time and sales, and a stock watch list.

Trading Strategy

• Moving Averages: Utilizes 20-period and 200-period simple moving averages.
• Trifecta Setup:
  • Concept: Focus on surges off the 200 moving average.
  • Surge Criteria: Occurs when asset price moves significantly from the moving average.
  • Two Types:
    • Upsurge: Surges upwards from a flat 200.
    • Downsurge: Surges downwards from a flat 200.

The Trifecta

• Definition: Simultaneous surges off the 200 moving average on the 2-minute, 5-minute, and 15-minute charts.
• Significance: Considered a highly reliable trading signal.
• Example: Google on August 28th demonstrated a trifecta setup.
• Success Rate: High likelihood of follow-through on trades initiated from trifecta setups.

Practical Tips

• Screen Structure: Organize charts to easily identify trifecta setups.
• Trading Execution: Importance of having stop-loss strategies above the 200 moving average.
• Building Skills: Practice identifying surges off the 200 moving average.

Conclusion

• Weekly Focus: Encouraged to practice and gain experience with the weekly concept.
• Next Steps: Prepare questions for the next Monday Q&A session.
• Continued Learning: Each session builds upon the last to gradually improve technical analysis skills.