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Warrior
Introduction to Trading
Introduction to Trading
Im a Pattern Trader! I trade Patterns
I can lose 40% of the time and still make
money because I use Risk Management
Principals.
Over 60% of the Volume in the Market is
ALGO HFT Trading
Every Trader needs and EDGE
My Edge is Pattern Trading
What do Other Traders do?
Some Traders focus on Technical
Indicators (RSI, MACD, CCI, Moving
Average Cross Overs)
Some Day Traders Scalp Volume Spikes
and HOD Spikes
Some Day Traders focus exclusively on
Counter Trend Trading, buying Low RSI or
Shorting High RSI
Pattern Trading
The More Traders using patterns the better
they work
I trade the highest volume stocks because
we have the MOST retail traders watching
them.
Pattern Trading DOESNT work on ALL
stocks. I go into detail in Stock Selection
Chapter
Pattern Breakout Trading
Specifically,I look for Patterns, and Look
to Buy the BREAKOUT.
I buy at the APEX point when the Stock
HAS to Breakout, or Breakdown.
Avoid buying during Consolidation, this is
boring and ties up money for too long.
Reversal Pattern
Wait for a clear reversal confirmation and
then buy with a stop at the low of day.
Exit Indicators
Stop is always at the low of day.
Adjust stop to low of last 5min candle as you move
into profit zone, selling along the way.
Target is always at the VWAP
Bottom Reversal Bounce
Bottom Bounces have the advantage of
Short Covering and Retail Traders jumping
in to scalp the Bottom Bounce
Examples of Bounces:
http://daytradewarrior.com/bottom-
reversal/
Bounce Examples Volume
Peak (5min vs 1min)
Bottom Bounce
Bottom Bounce
Bottom Bounce
Red to Green
The Red to Green Move is a powerful reversal
setup to trade. It is most powerful between
9:30-9:45.