📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back. Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions. Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential. Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis. Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts. Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques. Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.
The biggest insight for me in this recap was alignment of multiple timeframes. Great work, Richard! Taking tons of notes from your videos and learning a great deal. Keep it up. G-d bless.
Thank you. 6 different videos and none actually explained what a pivot point was. First 30 secs and you eplain perfectly. Subbed and liked. Thank again
In the video richard showed multi-time frame analysis through monthly, daily, and weekly, but not the hourly. Ever since I started using hourly charts to refine entry points I have find earlier entries with lower risk than the typical standard new high pivot point breakout, I think using hourly charts to dig deeper for entry points is very underrated.
Same man.Even i have figured out the same on INDIAN STOCKS.On hourly basis,we can have lower risk entry points(i.e pivot points) and bcoz of that,we can get substantially higher RR.
Timestamps 0:00 What is a Pivot Point 1:41 The History of Pivot Points 5:00 how to Identify pivot Points 6:57 Guidelines for Pocket Pivots 7:49 Time Frame Alignment PLTR 10:30 Pivot Points don't always work 11:50 Key Takeaways
This is excellent content and a well concise video. I liked every bit of your explanation, it shows there's lot I must do if I want to be proficient with my trades. Thankfully my broker covers up my errors for me
Very true. There's a lot of good traders out there who provide services to those who can't and help them improve. I, myself occasionally dabble into trading but that's mostly just for the experience.
It is a real privilege to find someone who is generous enough to share her success strategy and carry people along in such a way as to help others find success
Great video Richard.. very clear and to the point ..appreciate it very much..great to know and start practicing for when the market turns around. I will review this often.. excellent 👍
Fantastic as always, Richard. Love how u incorporate history and the legends, Livermore etc.. One thing ALL my favorite traders have done to get super successful, is study past big winner stocks, both the fundamentals and technical.......Looking forward to the next video!
My new favourite strategy is drawing a trend line across descending tops as price pulls back to an uptrending 20 or 50.... as soon as it breaks that downtrend and opens above my descending trend line, BOOM!! You get a great stop placement at the recent low and avoid all the crazy shakeouts higher up. It's buying strength, after weakness, within overall strength.
Amazing Richard..! Your channel and indicators on TV are absolutely wonderful.. shows a lot of effort! .. can you guide on how to sell into Strength and how to trail ?
Richard, love the videos short and sweet, I watch one every morning before the market opens (training the eye). If your looking for next mini videos: cheat, low cheat and squat could be one. High tight flag could be one. Just my thoughts. Keep up the great work!
Richard, thanks for the great video and all of your content. I have learned a lot. Your channel is very valuable. You have a way of keeping things simple and impactful.
Great job Richard. Could you clarify on whether you place the buy order after you ensure that the daily volume is twice the average volume and price is crossing the pivot or as soon as the price action breaks above the pivot?
Hello Richard, thanks for the fantastic video! Quick question: To avoid missing a stock breakout, do you pre-emptively use a stop buy or stop limit buy,? Thanks.
Thank you, how to ensure you don't miss moves if you're not daily watching the charts, do you set bracket orders / buy stop orders (10 cents above pivot points) with stop losses and profit targets off hours to get in? But then, price isnt enough as there are false breakouts...
Very good video, Richard! Thanks for putting it together. I like how you walk through the process of choosing a higher probability set up. How often do you find pivots retesting the suport they just broke though? Are they more successful if they do retest?
Could you please lemme know specifically how you'd enter the trade? Like, would you wait for a 5 mins or 15 mins candle to form completely breaking the pivot n confirm? or you just enter as soon as the pivot is broken even if the candle is still forming? Appreciate n thanks in advance
Did you just use Tesla 2020 chart to recommend not trading it until it returned to the pre-crash resistance level because all your trading conditions had not been met yet??
hey Richie, which timeframe is suitable..also if i share the charts of some stocks of NON US Exchange, will you be able to check it and share your view?
Great video, but i do not agree with you about RVLV trade it was not a perfect pivot point and a risky trade, because RVLV has made a bout 100% from it is earliest pivot points made in december 2020, the stock was breaking from a large base witch lasted about one year. In may case i'am always looking for those kind of setups where the 50SMA, 100SMA and 150SMA, are sloping up and the stock in entering Weinstein stage 2, in your case you did not have a confirmation due to the moving averages, one month later, mid june 2021there was another breakout about 60$ and the moving averages where in line with the breakout.
Nice video Richard. When I place a buy stop order above the pivot point, I'm getting into the stock once it come out of pivot even on low volume. Is there any percentage above the pivot line that we need to set the buy alert inorder to avoid breakouts without volume?
Hi there...so I'm still a student in there game so my question is what website or app do you use for the looking for the best averages with the strategy?
Yo Richard. Would you buy a breakout from a base but doesn't have any build up near the resistance or like a handle figure? Instead it was a breakout straight from the support level of the base with a good volume. im hesitating to buy those breakouts because they already ran up a few percent even before the breakout and im thinking that it might come back down because of the selling that might occur?
Are 52 week high the only screeners we should be looking to look for pivot points in a stock or should there be other conditions which needs be satisfied?
Same concept, yep! A pivot just refers to as the price area that has has seen sellers have taken control. So when price breaks through this area the selling pressure has dried up and directional movement is expected.
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. We seek your wisdom?
The issue with these pivot points and market structure is that institutions sand algos will go stop hunting to shake out retail traders and break these patterns. You have to have a more fundamental case for the stock breaking out to higher levels so you can weather those manipulation moves.
Breakouts work best when the market is trending above its 20 day moving average. Undercut & rallies are another great way to enter a stock before a pivot breakout (higher failure rate though).
@@TraderLion yeah, I just like combining a fundamental thesis with TA. Also, I've experienced firsthand instances where stocks were manipulated by institutions to manufacture false breakouts to shake out retail only to see stock go up later once retail is exhausted.
We do! We have different courses targeting different trading styles along with a trading psychology course. Let me know if you have any questions! traderlion.com/university/
📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG
👇 What you'll learn!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back.
Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions.
Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential.
Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis.
Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts.
Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques.
Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.
The biggest insight for me in this recap was alignment of multiple timeframes. Great work, Richard! Taking tons of notes from your videos and learning a great deal. Keep it up. G-d bless.
Fantastic!
Very clear explanation and examples of Pivot Points. Thank you RIchard.
Glad it was helpful!
Thank you. 6 different videos and none actually explained what a pivot point was. First 30 secs and you eplain perfectly. Subbed and liked. Thank again
In the video richard showed multi-time frame analysis through monthly, daily, and weekly, but not the hourly. Ever since I started using hourly charts to refine entry points I have find earlier entries with lower risk than the typical standard new high pivot point breakout, I think using hourly charts to dig deeper for entry points is very underrated.
Agreed, on the day of the breakout I use 65m to watch price action and volume.
Same man.Even i have figured out the same on INDIAN STOCKS.On hourly basis,we can have lower risk entry points(i.e pivot points) and bcoz of that,we can get substantially higher RR.
Same man I trade on Nepal Stock Exchange and found out hourly charts are really good to notice VCP Pattern and Pivot points.
Thank God for A.I.! It has really advanced since this great video and makes finding pivot points so
so much easier!
Best trading channel, hands down
You just made our day 💙
Lots of ponts cleared. Great video Richard !
Glad you enjoyed it
Great summation on pivot points, very clear and concise, great job Richard
Much appreciated! Thanks George!
Timestamps
0:00 What is a Pivot Point
1:41 The History of Pivot Points
5:00 how to Identify pivot Points
6:57 Guidelines for Pocket Pivots
7:49 Time Frame Alignment PLTR
10:30 Pivot Points don't always work
11:50 Key Takeaways
This is excellent content and a well concise video. I liked every bit of your explanation, it shows there's lot I must do if I want to be proficient with my trades. Thankfully my broker covers up my errors for me
Very true. There's a lot of good traders out there who provide services to those who can't and help them improve. I, myself occasionally dabble into trading but that's mostly just for the experience.
Could you introduce me to your guy
trading with a professional is always the best move in investing
I utilize my trader's system, he is expert Brian Branum. His strategies have been working well for me up till this moment
It is a real privilege to find someone who is generous enough to share her success strategy and carry people along in such a way as to help others find success
Great video Richard. Thanks for sharing all the sacred knowledge about the market.
Glad you enjoyed it
Great video again, Richard! Looking forward to your future content….
More to come!
Great video Richard.. very clear and to the point ..appreciate it very much..great to know and start practicing for when the market turns around. I will review this often.. excellent 👍
Thanks Jason!
Thanks a lot, I gonna share this video to my friends. It’s very helpful and thank you again.
Awesome, thank you!
Fantastic as always, Richard. Love how u incorporate history and the legends, Livermore etc.. One thing ALL my favorite traders have done to get super successful, is study past big winner stocks, both the fundamentals and technical.......Looking forward to the next video!
Thanks!
My new favourite strategy is drawing a trend line across descending tops as price pulls back to an uptrending 20 or 50.... as soon as it breaks that downtrend and opens above my descending trend line, BOOM!! You get a great stop placement at the recent low and avoid all the crazy shakeouts higher up. It's buying strength, after weakness, within overall strength.
Nice!
Excellent video Richard, thanks for the clear and well presented demos. 👍
Very welcome!
Excellent video Richard. Time frame alignment (continuity to the up side) is a great confluence.
for sure!
Amazing Richard..! Your channel and indicators on TV are absolutely wonderful.. shows a lot of effort! .. can you guide on how to sell into Strength and how to trail ?
Will do!
Great video, good work team 👍
Thanks Richard. Excellent work you guys are doing. Absolutely enjoying your blueprint course too. Thanks for all once again.
Our pleasure!
Thanks for this sir richard fans from the Philippines
Thank you!
Excellent explanation. I guess I can use the same way for day trading intraday timeframe. Thanks for sharing
Absolutely! Thanks Juan
thank you for these brilliant videos, very clear and helpful.
Glad it was helpful!
Liked and subscribed! Very helpful. Thank you for posting this. More power and god bless!
Glad it was helpful! Welcome!
Richard, love the videos short and sweet, I watch one every morning before the market opens (training the eye). If your looking for next mini videos: cheat, low cheat and squat could be one. High tight flag could be one. Just my thoughts. Keep up the great work!
Richard, thanks for the great video and all of your content. I have learned a lot. Your channel is very valuable. You have a way of keeping things simple and impactful.
I appreciate that! Thanks Jeff!
Great educational video! Clear and concise delivery style. Your channel is a pivot point, breaking away from so many others.
ha! Clever, thanks!
Thanks for your sharing!
My pleasure!
Great video and superb content...Thanks Richard!!
My pleasure!
Great video! Accumulation of trading champions’ trading systems.
Absolutely!
I always like your informative content, keep creating good stuff
Thanks, will do!
Good explanation. Do you have a video explaining your chart setup? I really like it
This video is old 😅 I use Deepvue.com now. Plenty of videos on that youtube channel for chart setups!
Great job Richard. Could you clarify on whether you place the buy order after you ensure that the daily volume is twice the average volume and price is crossing the pivot or as soon as the price action breaks above the pivot?
this trader lion organization issuperb. luv the gueststhey bring on.
Thank you!
@@TraderLion just found you gentleman. great
thanks for education tradelion
Thanks for watching!
Always great valuable content.
I appreciate that! Thanks David
Well done! Keep up the good work!
Thanks, will do!
This video was awesome thank you 🔥
Glad you liked it Conor!
Hello Richard, thanks for the fantastic video!
Quick question: To avoid missing a stock breakout, do you pre-emptively use a stop buy or stop limit buy,? Thanks.
Thank you, how to ensure you don't miss moves if you're not daily watching the charts, do you set bracket orders / buy stop orders (10 cents above pivot points) with stop losses and profit targets off hours to get in? But then, price isnt enough as there are false breakouts...
*Hi Richard - can you share the name of the book to go through for the Pivot Point Concept - Thank you.*
I love that cursor. Good video to.
Thanks!
Great Video Richard. Do you always look at the same time frame? the 15 min?
Weekly Daily 65m and 15m are the main ones I look at
RIP palantears btw, another great video thanks
Thanks!
Thanks!
No problem!
Great Stuff!
Very good video, Richard! Thanks for putting it together. I like how you walk through the process of choosing a higher probability set up. How often do you find pivots retesting the suport they just broke though? Are they more successful if they do retest?
Awesome video Richard. Really important to go through not just how to identify the buy point, but how to manage risk too
Absolutely!
this such a great video thank you !
Glad you liked it!
Could you please lemme know specifically how you'd enter the trade? Like, would you wait for a 5 mins or 15 mins candle to form completely breaking the pivot n confirm? or you just enter as soon as the pivot is broken even if the candle is still forming? Appreciate n thanks in advance
Great video but any indicator you make for identify multi timeframe pivot ... please help
Richard, which took do you use to measure change in volume? You mentioned it at 10:10 but I couldn’t understand it. Thank you!
I use volume buzz in TC2000
Did you just use Tesla 2020 chart to recommend not trading it until it returned to the pre-crash resistance level because all your trading conditions had not been met yet??
hey Richie, which timeframe is suitable..also if i share the charts of some stocks of NON US Exchange, will you be able to check it and share your view?
enjoyed it, thank you. do you recommend entering the trade immediately after it hits a pivot point or waiting for a pull back before entering?
I usually enter on the breakout. It’s a style thing
Great video, but i do not agree with you about RVLV trade it was not a perfect pivot point and a risky trade, because RVLV has made a bout 100% from it is earliest pivot points made in december 2020, the stock was breaking from a large base witch lasted about one year. In may case i'am always looking for those kind of setups where the 50SMA, 100SMA and 150SMA, are sloping up and the stock in entering Weinstein stage 2, in your case you did not have a confirmation due to the moving averages, one month later, mid june 2021there was another breakout about 60$ and the moving averages where in line with the breakout.
Nice video Richard. When I place a buy stop order above the pivot point, I'm getting into the stock once it come out of pivot even on low volume. Is there any percentage above the pivot line that we need to set the buy alert inorder to avoid breakouts without volume?
Hi there...so I'm still a student in there game so my question is what website or app do you use for the looking for the best averages with the strategy?
Yo Richard. Would you buy a breakout from a base but doesn't have any build up near the resistance or like a handle figure? Instead it was a breakout straight from the support level of the base with a good volume. im hesitating to buy those breakouts because they already ran up a few percent even before the breakout and im thinking that it might come back down because of the selling that might occur?
Hi these pivot points all seem like the green line break out by Dr Wish?
I just know you are making lot of sense... O boy...I didn't get any thing oo...
Are 52 week high the only screeners we should be looking to look for pivot points in a stock or should there be other conditions which needs be satisfied?
I would look for stocks in a strong uptrend and then look for well formed bases
Im guessing the pivot point here is not the exactly the same as the Pivot point indicator??
hi bro, pls explain pocket pivots within base
Great video. Could you do a similar one on inside and outside days?
Great idea!
How do we filter stocks on weekly basis? Is there any website which can help?
Great!!
Thanks!
Are these the same pivots as mark minervini speaks of in trading like a stock market wiz?
Same concept, yep! A pivot just refers to as the price area that has has seen sellers have taken control. So when price breaks through this area the selling pressure has dried up and directional movement is expected.
Great content
Thanks Greg!
Thanks for watching Greg!
U r awesome bro....
Thank you so much 😀
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. We seek your wisdom?
The issue with these pivot points and market structure is that institutions sand algos will go stop hunting to shake out retail traders and break these patterns. You have to have a more fundamental case for the stock breaking out to higher levels so you can weather those manipulation moves.
Breakouts work best when the market is trending above its 20 day moving average. Undercut & rallies are another great way to enter a stock before a pivot breakout (higher failure rate though).
@@TraderLion yeah, I just like combining a fundamental thesis with TA. Also, I've experienced firsthand instances where stocks were manipulated by institutions to manufacture false breakouts to shake out retail only to see stock go up later once retail is exhausted.
does it still apply to today's market?
Absolutely! Market conditions change but patterns of expansion/contraction, uptrends and downtrends don't.
👌👌
Thanks!
Do you offer courses?
We do! We have different courses targeting different trading styles along with a trading psychology course. Let me know if you have any questions! traderlion.com/university/
Did you really just call the covid market crash in March a "correction"??
8:22 it really annoys me the vague-ness of the term pivot as used by traders. Here he could’ve just said “resistance”…not pivot. Pivot in hindsight?
.... in a strongly trend stock
Crystal
Awesome!
Wow this really over complicated it
horrible charts, can hardly see, please draw lines rather than cursor dancing around
Thanks!
Welcome! thank you!