Received 24 Karmas
Lyoness
Lyoness Sep 23, 10:49 AM

This is great, thank you for taking the time to put this together. I have a question for you, when you're determining whether or not there's resistance in the way, what are you looking for? Resistance should be a certain % away or nothing there at all? And is there a certain way you calculate whether or not something counts as resistance? (Lately I've been counting something as heavy resistance if it has a volume candle over 3X ADV, but I'm curious what others are considering)

KaranKhanna
KaranKhanna Sep 23, 11:15 AM

@Lyoness , heavy volume on daily, once i determine which daily candle has heavy volume then i look at intraday for consolidation/sideways grind and if the range is too wide, i use the consolidation low as my risk and if range is tight i use consolidation high as my risk. If i cant find any consolidation then i risk the high of the daily candle and would take entry closer to the high. If stock doesnt reach the any of the levels i planned for i will create a plan after 10am looking at the intrad

Join now or log in to leave a comment
Received 16 Karmas
Nachos
1
Nachos Jul 30, 1:32 PM

keep them coming great video lessons. Going one by one seeing all your videos learning opportunities!

UlfJohnsson
1
UlfJohnsson Aug 29, 3:23 AM

Thanks man! I feel like I really understand when you explain things, no disrespect to anyone else on the challenge, but when you explain things you keep it simple and stick to the point. Thanks again.

ArtOfWar
ArtOfWar Aug 31, 12:16 PM

@UlfJohnsson Thanks plenty of practice in my other profession over the years. Ppls attn only lasts so long.

Join now or log in to leave a comment
Page
of 1