First Happy Holidays to everyone from our DTR family to yours!
Was able to get into today for some research and some charting. I ended up working on a multiple time frame video that explains in detail how I use the daily and 60 Min charts together. The video goes into a lot of other tips to hep you find the best setups. I also did a members HPS watchlist that takes us into the final week of the year which as you know is very bullish in the historical stats. This situation does not mean we are guaranteed a up week but I do believe the odds are in our favor. I focus on mostly Lane divergences in this video plus a few other patterns. I am going out on a limb with my Best Bets this week with a high end retail name that looks to good not to be in it. then I have a couple others to round out the top 3. There are other I expect to add on Tuesday but want to see how the markets react to Monday. (My concern here is there is so much focus on the Santa Claus Rally and it could end up being a sell the news event...But my hunch is not Bias tot he upside next week)
I consider this video a great educational video more then a market Radar video. Going into the final week of the year is typically bullish and the markets have a great probability of moving higher next week. That's just the fact jack, But more important on this video is seeing how I look for setups to trade and how the different time frames come into play together when we have a great High Probability setup. Tons of great info here Hope you gain some knowledge and some discipline. 2 things that are prerequisites for becoming a successful trader. Establishing a framework for your entries and exits is key and improving on it is a life long process as the markets are always evolving. You must evolve two. Tune in every day for live market coverage and trades www.daytradingradio.com
