Momentum DayTrading Strategy Break Down

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  • Опубліковано 5 січ 2025

КОМЕНТАРІ • 88

  • @PatrickWieland
    @PatrickWieland  6 місяців тому +30

    If you enjoyed this video HIT THE LIKE BUTTON LET ME KNOW IN COMMENTS WHAT TO TALK ABOUT NEXT!

    • @ticalculator830
      @ticalculator830 6 місяців тому

      the code is for 50% off not 70%

    • @nickmoore5031
      @nickmoore5031 6 місяців тому

      Epic webinar, would be great to see a webinar on trading multiple propfirm accounts and your ideas around propfirms.

    • @professornizami
      @professornizami 6 місяців тому

      Hello, I follow you on Twitter, Instagram and UA-cam. Can you please show us which indicators to use on Topstepx platform. It doesn't have other indicators as tradovate and tradingview. I would appreciate big time, thank you.

  • @josetorro4129
    @josetorro4129 22 дні тому +1

    Patrick I was following you since you were losing 20 bucks in stocks and shouting. You are this stupid genius now and I like all the way you are now. Kudos man

  • @St.Patrick4633
    @St.Patrick4633 5 місяців тому +1

    Wenn jemand schon etwas vorgeschrittener ist im Trading kann einem dein Video schon fast ins Ziel führen. Habe noch nie ein solch genaues Video gesehen. Danke dafür.
    If someone is already a bit more advanced in trading, your video can almost get them to their goal. I have never seen such a precise video. Thank you for that.

  • @Yjjkhk
    @Yjjkhk 6 місяців тому +4

    عندما مهندس التداول يشرح الفكرة يكون كل شيئ مختلف حقا كنت انتظر منذ فترة طويلة هذا الشرح البسيط الرائع
    شكرا لك ❤

  • @AustinLeeInc
    @AustinLeeInc 4 місяці тому +4

    You're the man Patrick. Thank you for all that you do.

  • @dbt7771
    @dbt7771 6 місяців тому +3

    ty Pat wasn't expecting the recording but ty its great for someone like me with a day job ,

  • @thomasj5722
    @thomasj5722 6 місяців тому +1

    This video was amazing i watched your live stream so often, and never understood 100% what you were looking for, or how you were placing risk ect.

  • @TheBlueskyson
    @TheBlueskyson 4 місяці тому

    VWAP and Pivot points standard. Both free on trading view. Market moves in waves. Yo got it dawgy. Good explanation of market dynamics given to Benny in chat. TY 4 vid Pat. Some good pointers

  • @psicologofabriciofreitas5021
    @psicologofabriciofreitas5021 4 місяці тому +2

    Aos meus 45 anos ninca tive interesse no indioma inglês, mas com essa excelente aula irei aprender para ser membro do canal😊

  • @AOATrader
    @AOATrader 4 місяці тому

    Incredible Breakdown Pat, simply incredible! Thank you for the knowledge!

  • @kimyoungerman548
    @kimyoungerman548 6 місяців тому +2

    Finally, someone who is ok with 10 points. Patrick, how many contracts do you usually trade? Thanks for the time you spent today.

  • @MerrillSmallwood
    @MerrillSmallwood 5 місяців тому

    Wave - Inducement, Maniplulation and Distribution. Thanks for your videos!

  • @EndlessDan
    @EndlessDan 5 місяців тому

    Thank you Patrick! Great explanation... love seeing your progress! Amazing...

  • @rongrace6324
    @rongrace6324 6 місяців тому

    Thanks for taking the time to make and post the video. I watch you live every day and for the life of me I can figure out why anyone gives you chit during the live stream. Last time I checked it does not cost anything to watch, and if they dont like the content leave. Keep up the good work !

  • @johnstokkevageide524
    @johnstokkevageide524 6 місяців тому +1

    loved it pat!! nice calm energy!!!

  • @TonyC-pq7bp
    @TonyC-pq7bp 6 місяців тому +8

    Patrick lately I’ve been treading around 1pm it’s a lot easier then to trade market open insanity. Cuz market is not that crazy and already established a daily bias. Just go in and collect your scalps till 3 pm before power hour.

    • @MCjohcu
      @MCjohcu 6 місяців тому +1

      What’s ur time zone?

    • @TonyC-pq7bp
      @TonyC-pq7bp 6 місяців тому +1

      @@MCjohcu est

    • @tamargir
      @tamargir 4 місяці тому +1

      I a gree with you man

  • @jamescloud6967
    @jamescloud6967 6 місяців тому +1

    Thanks for this. This was very informative!

  • @craig8195
    @craig8195 19 днів тому

    I think you hit on something that not a lot of people on this platform do... and that's sticking to your profit margin, reducing your position while taking profit and looking for an opportunity to scale up. When we're momentum trading, it can all happen so fast, but if we 'move the needle' once our PT is reached, we reduce the chances of it tanking and losing profit. It's literally been my biggest challenge with momentum day trading. The greed has me constantly waiting for just "a few cents more" and next thing I know I had become a bag holder.

  • @Grzesiek7713
    @Grzesiek7713 6 місяців тому

    Very good strategy and lots of great info Pat , Thank You for your time ! Definetly going to rewatch ... Thanks

  • @ErmekMukambetov
    @ErmekMukambetov 3 місяці тому

    Привет Патрик! После этого видео мне окончательно пришло понимание рынка. Спасибо за видео !

  • @JeffreyAVidal
    @JeffreyAVidal 2 місяці тому

    Which pivot point indicator do you use in Tradingview?

  • @Alex-om6wo
    @Alex-om6wo 6 місяців тому +2

    What does he mean by 'go up 10 points'? Dollars?

    • @theblockcat-ain1572
      @theblockcat-ain1572 8 днів тому

      Yeah. 10 cents over 1 dollar minus 30 cents on each point.

  • @morganrusso7855
    @morganrusso7855 6 місяців тому +1

    good morning everyone, I can't speak to the help desk, I've been waiting for a response for many days. can you talk to us?

  • @barneroth8684
    @barneroth8684 6 місяців тому +7

    The funny part is, that he says that every Stream, but people dont listen.
    Keep the work up !!!

  • @johnvargas761
    @johnvargas761 6 місяців тому +1

    what about tick charts ?

  • @martyboer9740
    @martyboer9740 6 місяців тому +1

    mines always to small sizing, no problem with target

  • @jivermesilver9925
    @jivermesilver9925 6 місяців тому +1

    Great vid like always!

  • @lmtrades
    @lmtrades 6 місяців тому +1

    true, market structure is the first and foremost indicator ... aka your waves

  • @dillaques
    @dillaques 6 місяців тому

    Appreciate the good content bro, great video.

  • @edl2696
    @edl2696 4 місяці тому

    Any reason you are not using EMA?

  • @ariebesserman3746
    @ariebesserman3746 6 місяців тому

    Can you pinpoint the exact point of taking the trade within the set-up?

  • @matthewgardner824
    @matthewgardner824 6 місяців тому

    Awesome content man. Thanks!

  • @jack_george
    @jack_george 5 місяців тому

    Great video thank you for the fundemental pricples that we should all follow.

  • @jennerb7059
    @jennerb7059 6 місяців тому

    Thanks for recording this! I didn't expect anything because the market was closed.

  • @poppi1
    @poppi1 6 місяців тому

    Thank you Patrick 💪🏼🍀🙏🏼

  • @lmtrades
    @lmtrades 6 місяців тому

    still use your ema 9 or 14 ?

  • @jevonhoward1953
    @jevonhoward1953 6 місяців тому +1

    I appreciate your time today.

  • @dannybrooks6448
    @dannybrooks6448 6 місяців тому +1

    AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.

  • @mikeadaml
    @mikeadaml 4 місяці тому

    Thank you chief

  • @Donnaiemmitifitness
    @Donnaiemmitifitness 6 місяців тому +1

    THAnks for this video

  • @cater4anytink45
    @cater4anytink45 6 місяців тому

    Amazing video

  • @jozzieification
    @jozzieification 6 місяців тому +1

    Humans drive the market, but price delivery is algorithmic. Part of the reason is to regulate the market and avoid crashes because of market inefficiencies. For anyone interested you can look into the IPDA and how it works.

    • @OttTrader-l1t
      @OttTrader-l1t 6 місяців тому

      Sorry... what is IPDA?

    • @charlesenyc
      @charlesenyc 12 днів тому

      Interbank Price Delivery Algorithm. Only applies to Forex though. Indexes have their own price delivery algos.

  • @ariebesserman3746
    @ariebesserman3746 6 місяців тому +4

    Thanks buddy..
    Pure gold...

  • @sergiobusquets6474
    @sergiobusquets6474 6 місяців тому

    Thanks Patrick

  • @lordem6235
    @lordem6235 6 місяців тому

    Thanks❤

  • @GuillermoMata
    @GuillermoMata 6 місяців тому

    thanks for the insight!

  • @OttTrader-l1t
    @OttTrader-l1t 6 місяців тому

    Thaks!

  • @willh7690
    @willh7690 6 місяців тому +1

    Most of the time its not people moving the market. Banks use algos as if its autopilot. Of course, they monitor the algos but mostly the algo does the real work. They have different algos that do different things. Many times the algos can run for hours which is why we see those grindy trend days.

  • @hamidzarghy
    @hamidzarghy Місяць тому

    Alt+R man
    make your life easier

  • @Tman2.0
    @Tman2.0 3 місяці тому

    I took the 1 min off my screens.. I use a 2 min & 5 min

  • @GarciaDK
    @GarciaDK 6 місяців тому

    Pívot points are just PDH/PDL & PMH/PML, don’t overthink it guys. Chart these yourself on the 15min

    • @PatrickWieland
      @PatrickWieland  6 місяців тому +2

      uh no sir they are not

    • @GarciaDK
      @GarciaDK 6 місяців тому

      @@PatrickWieland The only difference is a little math for avg. But in the end, one and the same..

    • @andreandree4384
      @andreandree4384 6 місяців тому

      Well, there is an indicator for pivot points and plotted automatically on the charts , so no need to do it yourself on the 15mn or any other time frame no?

    • @Alphatrader86
      @Alphatrader86 Місяць тому

      They are actually calculated from pdh and low with some algorithmic changes

  • @Drforce2311
    @Drforce2311 6 місяців тому

    lol I never looked up how the pivots are drawn. So simple but even more mystical. I guess it’s because everyone is using them.

  • @ariebesserman3746
    @ariebesserman3746 6 місяців тому

    You are not talking ever about engulfing bars...? !

  • @TonyC-pq7bp
    @TonyC-pq7bp 6 місяців тому +24

    Patrick. If it’s not too much to ask. It would be very helpful if you could actually show us your trades during live streams meanwhile explaining your chain of thought why you taking these trades. And I’m assuming, by doing this live stream you would like people to understand your strategy and see idea you working with. Please be assured We all really appreciate time and effort you investing into teaching people on how to trade but it’s a bit confusing on your approach on delivery of the information to your audience. After all remember 90% of your viewers are newbies and we are all here to watch you trade not to just copy you but to actually learn and make a living. Please consider this. Thanks.

    • @andreandree4384
      @andreandree4384 6 місяців тому +6

      Actually if you follow his live stream, he just does that if what you asked here. He explains his thought and takes the trades. Follow closely what he says during the stream. I have learnt a ton watching his live streams!!😊

    • @TonyC-pq7bp
      @TonyC-pq7bp 6 місяців тому

      @@andreandree4384 I do watch him every morning like the show but it would be nice for him to be transparent with his exact entrance positions. Sometimes he does not say anything at all especially during the first few minutes of market open. Then he tells you he took 10 points up or down. What was the strategy? Another thing I feel like I’m watching a basketball game narrator just for NQ and trolling other traders not really bringing any value. It’s unreasonable of what I’m asking from Patrick. After all what is his goal make money on UA-cam and teach people how to trade. It’s his channel if people are going to find more value out of streams that will equal to more revenue. That’s what I would do. Gain the most amount of audience on UA-cam and provide most value so I don’t loose the subscribers.

    • @Earthlight777
      @Earthlight777 6 місяців тому +1

      Thats what he does every day live .

    • @TonyC-pq7bp
      @TonyC-pq7bp 6 місяців тому +1

      @@Earthlight777 not really.

    • @tamargir
      @tamargir 4 місяці тому

      I a gree he doesnt explen well

  • @Unknown_Futur3s
    @Unknown_Futur3s 6 місяців тому

    🔥

  • @VetteBroski
    @VetteBroski 4 дні тому

    Pool back

  • @consulenteucimgermany1663
    @consulenteucimgermany1663 6 місяців тому

    first

  • @SampleStuff
    @SampleStuff 6 місяців тому +1

    @patrickwieland bro what is the apex sale… seeing 80% off now AND 300k account are $200 base price so $40 with the sale 🤯

  • @BGoddy-lu8dy
    @BGoddy-lu8dy 5 місяців тому

    Hi Patrick Thanks you very much for all you share on the tube, I just found u today at desperation & just joined your community, I hope u can assist me 4 have traded for 10 yrs without help and I beg for ur help, Thank you G-d Bless U. I hope u can reach out to me since don't know how to DM u privately. Thanks much.

  • @AOATrader
    @AOATrader 4 місяці тому

    Incredible Breakdown Pat, simply incredible! Thank you for the knowledge!