The ONLY 2 Indicators I've Used to Make $843,886 Day Trading transcript

Over the past couple years, I've made over $850,000 day trading stocks, which is over a 1,000% return on my personal live account. This is my Charles Schwab brokerage login. I trade with live capital, not proper money. And just to be as transparent as possible, these are my net contributions for this period. So, you could see the exact amount that I deposited into the account, basically nothing. You could see the exact amount that I withdrew and you could see my investment gain and loss.

What surprises most traders is that I don't use MACD or RSI or Fibonacci or stochcastics or VWOP or any of the other fancy indicators that you might find on Trading View. I use two simple moving averages paired with price action and that is all I need to consistently make money in the markets. In this video, I'm going to teach you how to set up these two indicators on your charts. I'm going to teach you the exact execution rules that I use to make over $1,000 per day using these indicators. and I'm going to show you why keeping your trading as simple as possible is the fastest way to become profitable.

I promise you, I am going to completely change your perspective on how simple trading can really be. So, if you want a proven, repeatable process that you can implement into your trading literally starting tomorrow, do not waste a single second of this video, make sure you watch until the end of it. Okay, before I even continue with this video, I need to emphasize something extremely important. So, I need you to pay attention here.

There is not a single indicator in existence that's going to tell you exactly when to buy and exactly when to sell so you can make easy money in the markets. It just doesn't exist. So stop trying to find one. The purpose of an indicator is not to solely drive the decision-m in your trading. And that's what most traders are trying to find. They're trying to find the holy grail indicator, the magic line that's going to tell them exactly when to get in and get out. so they can make boom easy money.

It just doesn't exist. Indicators are meant to complement your decision-making. They are just one criteria within your trading plan that you need to consider. So, as I'm teaching you the indicators that I personally use, I want you to understand that I am not solely using these indicators. They are just one part, one component of my plan and my system. And this is really important because what a lot of traders do, especially beginners, is they go on Trading View and they just experiment with all of these fancy indicators.

They try to look back in the past and figure out which indicator was most effective. And next thing you know, you have a bunch of these complex looking indicators on your charts. And your price chart will look something like this. Now, I want you to be honest. Can you objectively read what's actually happening on this chart? Can you look at this chart and read it with clarity? And I've been day trading for six years.

This is what I do every single day. I can't read what's happening here. So, if I can't read it, I doubt that you can read it. So, what I want you to do is go on your charts. Doesn't matter what platform you're using, whether it's Trading View or another platform. I actually use Think or Swim by Charles Schwab, but for this video, we're going to be looking at Trading View. I want you to remove every indicator that's on your chart.

Okay? Every single one. And let's just do an experiment here. Maybe you do use a few indicators that you really like. But what I want you to do is just remove them just for the purpose of this video. And I want you to remove any oscillator you have at the bottom as well. Okay? You can keep volume. If you use volume, you can keep that. But anything else, I want you to remove it. Now, you're going to have a clean price chart that looks something like this.

And you're just going to have these red and green candlesticks. And by the way, I use regular Japanese candlesticks. I don't use hyenashi or the hollow or anything else. I use regular Japanese candlesticks. Now, what I want you to do is go to indicators and I want you to type in moving average. Now, you're going to see a bunch of different moving averages. What you want to do is go to simple moving average and I want you to click it once and I want you to click it one more time.

From there, go to moving average exponential and then click on that one as well. And I know that I said that I'm going to show you how to use two indicators, but I'm actually going to show you how to use three. Okay? And these in tandem can be incredibly powerful. and moving averages are actually really simple indicators. In fact, I think they're probably the simplest indicators that you could use. And in my opinion, I think that's what makes them so effective and powerful.

So, go to the first indicator up here, SMA9. Click on settings. Go to inputs. And it doesn't really matter what platform you're using. You should see length. Change the length from 9 to 20. And from here, go to style. And what I like to do is I like to make the line a little bit thicker. And I like my 20 SMA to be blue. So from here, press okay. Okay. So that is this indicator right here. This is the 20 SMA. This is my mediumterm moving average.

From there go to the other SMA 9. Okay. Go to inputs and change the length from 9 to 200. And from here go to style. And we're going to also make this line a little bit thicker. And we can keep this also blue. Maybe we can change it to this color right here. That actually might be purple. I'm a little bit colorlind, but you know, there's a difference between these two colors. So, this is the 200 SMA. This is our long-term moving average.

And on the last one, go to 9 EMA. And you want to keep this as nine. You don't want to change this. Go to style. I'm going to I'm going to make my line a little bit thicker. And I like to make my 9 EMA actually a bright color. So, I'm going to make it orange. And boom. That is all you need on your charts. You have a short-term moving average, which is the 9 EMA. You have a medium-term moving average, which is the 20 SMA.

And then you also have the 200 SMA, which is your long-term moving average. And these are the only indicators that I have ever used. I've never used anything else. I've never used anything complicated like the advanced decline ratio or Ballinger bands. I just I keep it simple, right? And this is actually what my father taught me six years ago when he mentored me on how to trade. He figured out that the best thing you could do is keep your trading simple.

And hopefully as you're looking at this chart, you're kind of noticing how effective these moving averages can be, right? especially the 200 MA, how it's acting as a long-term area of support on the weekly time frame. You could see how well prices are respecting both the 20 SMA and the 90 EMA as this is gold as gold was actually trending higher. So, now that you have these on your charts, I'm going to teach you exactly how to use them.

First, it's important that you understand the type of trader that I am and why these moving averages are so effective, especially for my trading style. So, what I like to do is find stocks that have a clear bullish or bearish catalyst. I'll find a stock that's already trending to the upside, that's already showing strength, and I will find a way to enter into that uptrend and take advantage of prices moving higher. And the same thing applies if it's a downtrend.

Let's say there's a stock that has a bearish catalyst. It's showing a lot of weakness. It's moving lower. I'll find a way to enter into that downtrend. I'll short it and take advantage of prices moving lower. I would say 95% of the time I am trading in the direction of where prices are already going. I trade with the trend, not against it. I think there's a far higher likelihood I'm going to make money if I trade with the trend.

Right? And a lot of beginner traders, they like to pick tops and bottoms with precision and they try to go for these reversal setups. And I don't know why they're a lot more difficult to execute versus trading with the trend, right? But funny enough, you could actually actually use these moving averages to help you with your reversal setups as well. And I'll show you exactly how to do that. But first, let me show you how I enter into these trends. like what setups do I trade?

So, let's say I identify an uptrend. We have clear higher highs, clear, higher lows. The first way I can enter into this trend is via a pullback where prices move up, they retrace. This is a buy the dip opportunity. I can find an entry and take advantage of the next leg higher. That's the first setup that I trade. This is called a buy setup or a retracement setup. The second setup that I trade is a base breakout or a consolidation setup.

This is a correction that occurs through time where prices move up aggressively and then they cool off by basing and consolidating for a while and from here I'll look to trade this as a base breakout and as a continuation of the trend and I'll take advantage of the next move to the upside. So this is the second type of setup that I trade and I would say these are the only setups that I trade. I trade retracements and I trade breakouts.

Now obviously this is a really simplistic way of looking at it but to be honest the way that I trade is simple. Okay, so this is really important. Keep this in mind as I'm showing you how to use these moving averages. And by the way, the same thing applies if it's a downtrend. Let's say I identify a clear bearish trend. Prices are moving lower. I'll find ways to enter and short a retracement. Prices move lower. Then, you know, prices start to get bought a little bit.

They correct. I'll look to short this retracement and capitalize on the next move lower. Or let's say prices start to consolidate at the lows. I won't look for a reversal here, right? I'll look to trade with the trend and trade this as a base breakdown and take advantage of the next leg to the downside. So, this is a right here retracement setup. This is a base breakdown. Again, these are the only setups that I trade.

So, how do I use these moving averages? Well, the first one that I'm going to talk about is the 20 SMA. This is our mediumterm moving average. Well, first rule that you need to know about the way that I trade. I don't like to trade sideways stocks. I don't trade stocks that don't have momentum that are not trending. So, if a stock is doing this and it's not really going anywhere and it has no momentum, it has no movement.

I'm not going to trade it because as a day trader, I want to trade stocks that are actually moving in one direction. Okay? So, whenever you see a sideways base or you see a stock that's just not doing any momentum, there's no juice behind it, there's no catalyst, it's just kind of doing nothing, it's going sideways, you're going to oftent times find a 20 SMA that's also just moving sideways and completely flat. So, that's the first rule.

You never want to trade a stock where the 20 SMA is flat and just going sideways or kind of like moving like a wave. Okay? You don't want to see that. That's rule number one. What you do want to see instead is a 20 SMA that is trending higher and you want to see it underneath the trend. So let's say you've identified an uptrend. You want to see the 20 SMA below price action, below the trend, and you want to see as many touches as possible, right?

You want to see prices pull back and actually respect the 20 SMA or maybe they consolidate into the 20 SMA and you want to see as many touches as possible. The more touches that you have or that you see when the trend is actually hitting the 20 SMA and respecting it, the more reliable that 20 SMA is. So, if you're noticing that, let's say the first two times within this uptrend price has hit the 20 SMA and bounced, well, the next time it hits it, you could actually trust it.

You could actually trade it and time your entry with a little bit more conviction. Okay? So that's really really important. The key point here is the 20 SMA needs to be under price trending higher. Okay. Now what's also really important that I want to talk about is the slope of the 20 SMA. Ideally you have a 45 degree slope. Now I'm not exactly sure what the slope of this line is, but ideally it's 45°. If you have a 20 SMA that's starting to exceed 45 degrees, like as you can see, the slope is becoming sharper, that suggests that the trend is becoming overextended and you don't want to trade that, right?

If it's becoming overextended, that means it's overbought. You shouldn't be looking for entries. Similarly, if the slope is too flat like this, that means there's not enough momentum. The 20 SMA is too flat for our liking. Okay, so this is really, really important. Now, everything that I just taught you about the 20 SMA applies exactly the same way with the 9 EMA. The only difference is the 9 EMA is actually going to be above the 20 SMA.

You're going to see the 9 EMA above the 20 SMA. That's what you want to see. But everything I just taught you about the 20 applies exactly the same way with the nine. The nine is just a shorter term moving average and it tracks high momentum stocks a lot better. And I'm going to show you a few examples of that. When it comes to this, if you see this type of pattern, a clear uptrend, rising 20, rising nine, what you're going to notice is that prices will sometimes trade off the nine.

And sometimes they'll trade off of the 20. And sometimes they'll even trade and kind of fall in between the nine and the 20 right here. And I call this area in between the 9 and the 20 kind of our entry zone, our buy area. You want to time entries within this area, especially if you're noticing that prices are really respecting the 9 EMA and the 20 SMA. Okay, this is very, very important. And I'm going to break down time frames in just a second.

So before I talk about the 200 SMA, our long-term moving average, I want to teach you about extension. What is extension? This is when prices are literally overextended, when the trend is exhausted. And the way that you can measure extension is by checking the distance between where prices are and where the 20 SMA is. So the further this distance, the more extended we are. And the more extended we are, you could think of it as the more overbought we are.

And obviously, we do not want to be timing entries up here because of FOMO, because we're overextended. We're overbought. This isn't the place to be entering. This is the place to actually be exiting and selling your longs. The place to be entering is right here, right on the retracements or on the consolidation setups. Because on those setups, prices have already retraced. They've already cooled off. they've already corrected and they're gearing up for the next leg to the upside.

So, you don't want to be buying up here. Okay. Now, another very very important point here is as prices become more and more extended and as prices are really accelerating to the upside, what's going to happen is that the 20 SMA and the 9 EMA are going to become more and more kind of sloped, right? This slope is going to become sharper and sharper. And that can suggest that the trend is accelerating and the trend may be exhausted.

So what you want to do is whenever you see prices are overextended and the slope is becoming sharper, you want to avoid taking this first retracement or you want to avoid taking this first breakout. Okay? And that's because prices were overextended. They need more time to cool off. And this is a huge mistake that I see a lot of my students make as well in the beginning where they'll find a trend that's exhausted, that's going crazy, moving to the upside.

And they'll trade the first retracement after this trend has accelerated. And what will happen most of the time is it's going to start to move up. You're thinking it's going to continue higher. You add to the position right here. And next thing you know, it fails and it needs a lot more time to cool off. It retraces. It bases. and then you know the next day or a few hours later it ends up you know moving back to the upside.

So you just want to make sure you avoid taking the first setup after prices have already accelerated and the trend is exhausted. The 200 SMA is actually super easy to understand. What you want to look for is a flat 200 SMA. It's not always going to be flat, but the flatter the better. And the 200 SMA can act as an area of resistance for prices, especially when prices are beneath the 200. And what you'll notice is that prices will literally kind of bounce off of it where the 200 will act as a ceiling for price.

And this is a really effective spot to actually look for targets, right? Like let's say I'm looking for a long right here and I go long. Let's say it starts to move to the upside. I could actually target the 200 SMA as my target one. So, that's one way I could use it. Or let's say prices are consolidating. I want to look for a long right here. But I'm seeing that, hey, the 200 SMA is directly above my entry point. From here, I'm probably not going to take this trade because I know resistance, the 200 SMA is directly above.

And a lot of times what will happen is you'll see prices break through the 20 SMA. They'll retrace back to it to retest it and from there it'll actually rally off of it. And the same, you know, same thing applies when it comes to uh support. Like sometimes you'll see prices above the 200 SMA and the 200 will act as a floor for prices. And you could also use the 200 SMA maybe for your entries. You could also use it, you know, as potential target points.

Maybe you're going short right here and you want to use the 200 SMA as a potential target. That's completely valid as well. So, it's basically a really strong area of support and resistance. And this is especially effective on the higher time frames. So, when it comes to time frames, it's really important that you practice multiple time frame analysis. These indicators do not work perfectly on one time frame. You have to be looking at multiple time frames and you have to collect information and look for alignment across those multiple time frames.

So, I'm going to show you how to do that in just a second. But in the morning from 9:30 to 10:00 a.m. Eastern, the first 30 minutes of the market opening, you want to be looking at the 20 SMA and the 9 EMA on the 1 and 2 minute time frames. From 10 to 12 PM Eastern, you want to be using the two and the five minute time frames. And from 12 to 4 PM Eastern, you want to be using the five and the 15 minute time frames. Now, I have the 200 SMA on every single time frame that I use, including the one, the two, the five, and the 15.

However, I have found that the 200 is most effective on the higher time frames. So, I'm using it mostly off the hourly time frame, the daily time frame, and the weekly time frame. Since the 200 SMA is a long-term area of support and resistance, keeping it simple and risk management are two of the most important things that I prioritize within my mentorship. And my students see life-changing results because they learn how to trade by actually doing it with their mentor.

I'm live trading every single day. I share my screen. I share my execution. and I make money together with my students and they're able to see how I apply all of these concepts that I'm teaching you here in real time. So, if you're someone who's serious about trading, you want to potentially become a full-time day trader, you could fill out an application beneath this video in the description. You could apply. It's a very tight-knit group.

I only work with serious traders. So, if that's you, make sure you apply. If not, make sure you watch my free 10 plus hour trading course. It's genuinely better than most paid courses on the internet. You're going to learn a lot there, too. So, now I want to show you exactly how I apply these moving averages into my own trading. And I'm going to show you some real life scenarios. And I'm going to break down a trade that I took on June 2nd.

This was on the LSE. And this made me $4,368. And the reason I chose to break down the lace is because the lace was actually also my best trade yesterday, coincidentally, and my best trade on Tuesday. So, I'm going to break down those setups as well. and exactly how I used all of these moving averages. But first, let's go ahead and break down the lace trade that I took on June 2nd. Going to start off on the daily time frame.

That's the way that I conduct my analysis. I form my bias. I create a plan by looking at the daily time frame. And from there, I go to the smaller time frames to execute that plan. So, on the morning of June 2nd, I saw that the lace had an overnight gap up. it gapped up about 30% where the previous day it closed at like 93 and that morning it was opening near $120 and this was effectively breaking out on the daily time frame.

Now notice, you know, the few weeks prior, notice how the lace moved up, started to consolidate, and notice how the 20 SMA started to almost like curl and hug prices to the upside where prices attempted to break down, they were rejected, attempted to break down, and they were rejected, you know, by the 20 SMA. And you might be thinking, oh, well, obviously it's going to look like that because this candle has already formed.

Well, we can go back and take a look at what it looked like before this stock gapped up and broke out in the first place. And you could still see that the 20 SMA was curling under prices and almost kind of like pushing prices to the upside. And from there, we had this overnight gap up. Okay, it actually needs the form. Let me go back to that exact date. All right. So, we broke out on the lace and I was bullish. I had a bullish bias going into the day.

I wanted to find a way to actually play this as a long and as a potential breakout. And I thought that if we can clear above this daily resistance, the LSE has plenty of room to continue to the upside to either this resistance area or to the 200 SMA. So, now that I created my pre-market plan, I was bullish. I was looking to go long. I waited for a setup. And I took this setup between 10 and 10:30 a.m. Eastern. So, you know, for that time period, I'm using the 2 and 5 minute time frame.

So, let's go to the 2-minut time frame and let's take a look at what's happening. Now, my first entry was actually right here. Notice how we pulled back directly into the 20 SMA. We moved up, pulled back. We actually broke below the 20 here. So that's not a great sign, but we moved higher, pulled back to the 20, moved higher, and then kind of went sideways a little bit. Now, this is the 2-minut time frame. And this is the importance of using multiple time frames because the lower time frames aren't going to tell you the whole story.

Okay, this is really important because as soon as you look at the five, it's going to look obvious, right? So take a look at this price action on the fiveminut time frame. And my first entry was right here. I mentioned that we pulled back into the, you know, 20 MA on the two and that was aligned with the 90 EMA and the five. Right? I'm going to draw a circle right here. This was my first entry into the 20 SMA and the two and it was directly into the uh 9 EMA on the five.

So notice that alignment. I like that we're into the 20 EMA and the two and the 90 EMA and the five. There's alignment there. I timed my entry above this dogee bar. So I entered above the dogee bar and placed my stop loss below the uh dogee bar. From there, we moved up, pulled back into the nine and in between the 9 and the 20. This was my second entry above this bottoming tail, this candle right here. And I raised my stop loss to this low.

And my last entry was right here where we moved up. We retraced right to the 20 SMA on the five. and I took an entry right here and placed my stop loss or moved my stop loss up to under this pivot. And from there, I caught this move. Now, I didn't hold it [snorts] all the way to the top. I think I got out at around $1.80. I was okay with the trade, but check this out. This stock moved all the way to $2.24. What do you think $224 is?

That is the SMA on the daily time frame. The 200 SMA on the daily was at $227. So, we literally rallied into the 200, which was an area of resistance, and that was our target. So, this is a really good example of how I used every single one of these moving averages to my advantage, you know, and even if you look at the 15minute time frame, we moved up and consolidated right into the 9 EMA on the 15. Now, of course, it's not always going to be touching it perfectly, right?

Because keep in mind, these moving averages are kind of like lagging indicators. It's not always going to touch perfectly, right? Like even if you have an uptrend, let's say, and it's consolidating, right? And it's into the 20 MA like this where maybe it's not even touching it. This is still valid to trade. Even though there might be a little bit of distance, that's okay. You could still take this setup. It's not always going to be perfect, right?

Like if you go back to the five minute time frame, right? Actually, in this case, it was basically perfect, right? Like if I go back to that exact point, it literally touched the 20 and then started to move higher, right? So, you know, there's going to be examples where it's perfect like this. There's going to be other examples where it's not going to touch it perfectly. Now, I also did really well on the LAS the past few days.

So, on September 8th through September 9th, I made $7,144 trading the lace. And I actually caught this as a short where on Tuesday the lace gapped down from $1.40 to $111. And take a look at this base breakdown. And funny enough, I actually caught this on vacation. I was in my hotel room. I caught this trade off of my phone where it dropped and it literally consolidated directly into the 20 SMA on the 15 minute time frame because this was at 2 p.m. you know 2 p.m. we are going to be using the five and 15 minute time frame.

So 15-minut time frame looks good based right into the 20 MA on the 15 and even if you look at the fivem minute looks really good as well. You can see the 20 SMA and the five is curling lower. And this was just a slam dunk trade. It just boom, dropped and worked perfectly. And then I also caught it the next morning where it actually gapped up a little bit, but it gapped right into the declining 20 SMA on the 15minute time frame.

And I took this trade off of the one minute where it opened. I just went short and caught this entire move to the downside. And that was another really really nice trade. But even if you zoom out and you go to the 15-minute time frame, you could still see how well prices are respecting the 20 and the 15. What about the five? Prices are still respecting the 20 and the five until this point. This is where it got super sideways and this is when price action wasn't really all that effective, right?

But even today, and I didn't really trade the lace today. It started to trend back down. You could still see how well the lace was trading off of these moving averages when it was actually trending. And that's the key here, right? You don't want to be trading these stocks when they're not trending, right? When they're sideways and the moving averages are flat, you want to avoid those situations, right? So, if you include today's price action, you could say that this was just one long sloppy consolidation where it dropped, consolidated, hit the 20 SMA, and then broke down again.

Now, I didn't really trade it today cuz it was this was way too sloppy of a base for my liking, but you could still see how strong this downtrend was. By the way, I know the LSE was a lower price stock, but this works on small caps, on midcaps, on large caps. It works on tech stocks. It works with gold, with silver, with crypto. It doesn't really matter what you are trading. For example, this was a trade that I called out in my group just a few weeks ago on the ANF.

And the day we traded it, which was this day right here, it was a $130 stock. But even in the weeks leading up to the ANF gapping up and us taking it as a day trade, look at how well it was respecting specifically the 20 SMA and the 200 SMA. And for this example, I'm just going to remove the 9 EMA. The 9 EMA is more effective for the smaller time frames. But take a look at this. And obviously, it doesn't respect these moving averages perfectly.

There's no such thing as perfect. And if there's anything close to perfect in trading, I'm going to be trading it with conviction and trading it super aggressively. But you don't need perfect to read price action. You don't need perfect to make money. Like in this case, the ANF, you know, rallied off the 20 SMA. It broke above the 200, but it quickly rejected, went back to the 20, broke above the 200, quickly rejected, went back to the 20.

Broke above the 200. We had a bit more follow-through, and then went and retested the 200 before it went on and, you know, rallied to the upside. From here, it uh retraced back to the 20 SMA. It broke through it, right? So, it wasn't perfect, but went back to the 20 SMA. You know, you can almost create a strategy here where if you see a nice uptrend, a stock that's trending higher, it retraces, you can enter after it reclaims the 20 SMA and then put your stop-loss below the low of that retracement.

So, that could be a strategy and a way that you could play this pullback. And from there, it gapped up, right? And this was a 20% gap to the upside. So, let's go to that day. And we had a bullish bias, right? And this is what it looked like, right? It was kind of like we could actually go back one more day and take a look, but prices were right at the 20 SMA. And from there, we gapped up. Now, there's no way to predict this gap.

It's just impossible. I like to trade on the day of the gap because I know we gapped up. So, I know there was a bullish catalyst and my bias was to look for a long. And take a look at the two-minute time frame. This was a trade that I called out in the morning. I will turn on my 9 EMA. And as soon as this stock started trending, my first call on it was over this base. So, we broke out, retested this level, we hit the 20 SMA and we started to just grind higher, right?

And as soon as this stock had an established uptrend, you could see it how well it was respecting the 20 SMA and the 9 EMA as well. Even if you look at the 5m minute, right, the 20 SMA was a little bit far away, but it was really respecting the 9. Even if you look at the 1 minute in the morning, right, especially off this entry right here, this is where you could have timed your entry where it popped, consolidated into the 90 EMA, popped again, retraced into the 20, and that's where you could look to time your entry.

Even right here, you could see the 20 SMA, the one is like hugging prices to the upside. We talked about this idea of curling under price when we looked at the LSE and even here we broke below the 20 here. But you always have to look at multiple time frames because if you look at the two, we did not break below the 20 on the two. In fact, we went in between the 9 EMA and the 20 SMA and the two-minute, right? So, it's so important to look at multiple time frames um especially when it's at different times of the day.

I'll show you another example on a higherpriced stock and this was on the uh DKS Dick Sporting Goods just a couple of weeks ago where this stock had an overnight gap down. I did not catch this trade unfortunately, but a lot of my students caught this and absolutely printed. But this thing gapped from 179 to 142. It was a 20% gap down. Clear bearish bias going into the day. It sold off really hard to start the day, but from there, you know, it dropped here, consolidated right into the nine, dropped and retraced right into the nine and close to the 20 dropped.

And you could just see how well prices were respecting both the 9 EMA and the 20 SMA. So, you could use those instances as potential entry points. You could use them to help, you know, complement your trading, right? especially on the 2-minut retrace to the 20, retrace to the 20, retrace to the 20, right? And it's not always going to be perfect either. So, you have to pick the moments where you want to be aggressive.

Another really great example is the Shopify. So, you really just want to find these stocks that are clearly trending, that are showing clear bearish or bullish momentum. I believe the Shopify on this day was just a beautiful base breakdown where this stock gapped down, got bought. It consolidated right into the 20 MA on the five and the 90 EMA and the five. This was a clean breakdown. And look at how well it traded off of the 90 EMA and the five.

Look at how well it respected both of these moving averages on the two. I mean, almost picture perfect. So, you want to look for these established trends and you want to find ways to enter into those trends using both of these moving averages. I hope you found a lot of value in this video. As you can see, I'm using these moving averages as complements to my trading. I am never taking trades solely because price is pulled back into the 20 SMA on the 15-minute time frame.

I'm using them in conjunction with everything else that I'm teaching in my free 10 plus hour course and on my YouTube channel. And if you want to start trading with me every single day. And if you're serious about your trading and you want to learn by actually doing it with your mentor, you can apply for my mentorship program in the description under this video. It's a very tight-knit group. It's a serious program designed for people that actually want to become full-time day traders.

I prioritize risk management and obviously keeping it simple. So, if that's you, you could apply below. If not, make sure you watch my free 10 plus hour course. Thank you guys so much for watching. I hope you found a lot of value. Make sure you watch my other videos as well. and I'll see you on the next