So glad to see someone use MACD like the way i prefer (first time in the last 3 / 4 years found a match). Also, some similarity on using Multi TF setups. Very informative overall and also loved the other lesson on ADX. Well explained. Thanks for keeping it straight and to the point sans the hyper claims. Cheers
Excellent Joe. I'll set up my Joe Rabil tab to watch this. I do pretty well day trading, I just want to bring my percentage up a little. Very best wishes!
Hi Joe, can you show more scanning methods like "low ADX" and "Opposing Trend Setup - Weekly / Daily" you did before in StockCharts? I think it is very useful for us to screen stocks. Thanks a lot.
Those are really to 2 scans that I use now. I go through thousands of stocks to identify my ideas, so I don't use scans as much. If you are taking my courses, there is a community with it and I see people sharing scan ideas on it.
I use the DI lines for this purpose in most cases. However, the RSI would work fine. I have used this in the past and RSI is a great tool for spotting divergence.
Yes, I show examples of day trades in the book. However, it is not a day trading book. I want to be clear. The strategies I use can be used for day trading. The book focuses on the method/strategy, and you can apply it to the timeframes you prefer.
Hi Joe, if ADX looks good (above 25) and is holding on the pullback to the 18SMA on the higher time frame but MACD is not holding/there is over run, do you not take those trades when intraday trading or what's your approach here to feel confident and still take the trade if everything else is looking good?
I cover this in detail in the Advanced Trend and Momentum Course. Strong ADX means we want to play it but MACD overrun means it may take a little extra time to get going. I usually wait for a 2nd test of short term support before taking a trade in this situation.
Thanks, Joe! In your course do you do a lot of videos like this for intraday trading? I like this video, a bit different than your higher time frame videos.
hi Joe, just curious, is there a reason you trade QQQ as opposed to NQ futures for day trading? also i'm assuming these topics apply to any commodity or stock?
There was a time when I spent all my time day trading. When that was the case, I traded S&P, NQ, and a few other future contracts. I don't trade intraday as much so usually just watch the SPY, QQQ, IWM and the Sector Spdrs, mostly for hedging purposes. Yes, the strategies on this channel apply to any commodity or stock.
My strategies can be used for day trading. However, my courses focus on method/strategies and then you can apply them to any timeframe you want. So, I cannot say I have a course for day trading specifically.
It is always a new tip to get anytime watching your videos. Thanks.
Glad you are always learning something new.
So glad to see someone use MACD like the way i prefer (first time in the last 3 / 4 years found a match). Also, some similarity on using Multi TF setups. Very informative overall and also loved the other lesson on ADX. Well explained. Thanks for keeping it straight and to the point sans the hyper claims. Cheers
Thanks. It is great to get comments like this. I appreciate the feedback.
Excellent Joe. I'll set up my Joe Rabil tab to watch this. I do pretty well day trading, I just want to bring my percentage up a little. Very best wishes!
Thanks, Gregg. Glad to hear you are doing well!
Thank you Joe, you always educate me
Great to hear! Thanks
interesting
Thanks!
You bet!
hi, Joe. I´m from Chile and I recently bought your book. Thanks for your knowledge.
Greetings!
Thanks for the feedback. Great to hear!
Love the slightly different video with an intraday set up and ideas.
Glad you liked it!
Hi Joe, can you show more scanning methods like "low ADX" and "Opposing Trend Setup - Weekly / Daily" you did before in StockCharts? I think it is very useful for us to screen stocks. Thanks a lot.
Those are really to 2 scans that I use now. I go through thousands of stocks to identify my ideas, so I don't use scans as much. If you are taking my courses, there is a community with it and I see people sharing scan ideas on it.
Do you ever use the RSI for spotting divergence and placing your tight stops?
I use the DI lines for this purpose in most cases. However, the RSI would work fine. I have used this in the past and RSI is a great tool for spotting divergence.
Thanks Joe!
Hi Joe! I wanted to ask you if in your book you also talk about day trading or just swing trading... thanks for the answer!
Yes, I show examples of day trades in the book. However, it is not a day trading book. I want to be clear. The strategies I use can be used for day trading. The book focuses on the method/strategy, and you can apply it to the timeframes you prefer.
Hi Joe, if ADX looks good (above 25) and is holding on the pullback to the 18SMA on the higher time frame but MACD is not holding/there is over run, do you not take those trades when intraday trading or what's your approach here to feel confident and still take the trade if everything else is looking good?
I cover this in detail in the Advanced Trend and Momentum Course. Strong ADX means we want to play it but MACD overrun means it may take a little extra time to get going. I usually wait for a 2nd test of short term support before taking a trade in this situation.
Thanks, Joe! In your course do you do a lot of videos like this for intraday trading? I like this video, a bit different than your higher time frame videos.
hi Joe, just curious, is there a reason you trade QQQ as opposed to NQ futures for day trading? also i'm assuming these topics apply to any commodity or stock?
There was a time when I spent all my time day trading. When that was the case, I traded S&P, NQ, and a few other future contracts. I don't trade intraday as much so usually just watch the SPY, QQQ, IWM and the Sector Spdrs, mostly for hedging purposes. Yes, the strategies on this channel apply to any commodity or stock.
Excellent video Joe. Do you offer a course for intraday trading? I'd love to take the course.
My strategies can be used for day trading. However, my courses focus on method/strategies and then you can apply them to any timeframe you want. So, I cannot say I have a course for day trading specifically.
Which ma avg use and time frame
As I state in the video, I am using a 5min and 1min but I give alternatives such as 10/2min if you prefer. The MA lines are 18sma, 40sma and 4sma.