Hope everyone has had a fantastic weekend but its now slowly time to get back into the groove of day trading! The New York markets are open today even tough most European markets are closed... which means we will have a chance to finally trade after a long, and deserved, 3 day weekend!
In this video we go over a trade we have on the NASDAQ a trade we started to build and if opportunites present themselves we will continue to build.
Nevertheless, the main point YOU should take out of this video is our analysis and charting process, you will see me map in only the most important and relevant levels and then you see me focus on price action, since PA is the only way the markets can talk to us you all need to learn to read the charts by always focusing on price action (highs/lows)
Anyway, the video explains the rest!
Questions are welcome!
Have a fab day!
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And... the reason I say in the video that the VWAP is our most useful indicator is the fact that we just hit the VWAP and shot upwards!