40 minutes of rambling with charts

[@vlad6351]

Very helpful, thanks!

[@PhattyT]

Thanks for sharing this. Are you comfortable sharing your layout link? If not, I understand and still appreciate your insights!

[@danielschultz2807]

no

[@empyreal2361]

Hey Dan at 26:43 you are looking for the highest AVWAP, when you say 'highest' what exactly do you mean? Also do you recommend our stops be greater than the ATR so we don't get whipsawed by the stock's volatility?

[@danielschultz2807]

put it somewhere on the previous leg up on the d1 chart so that it's at the highest level possible currently

[@empyreal2361]

ty

[@JoBaein]

Hi Daniel. Can you explain better when you speak about the footholds? It’s a touch/support on AVWAP? Thanks again 🙂

[@danielschultz2807]

retests of avwaps and levels as support after breaking them. the price runs through it, but then returns back and bounces off it. That = foothold. Pull up a chart and lay down all the avwaps and see how price is almost always forced to return to a broken level to recheck it. I don't know for sure but this is likely how the automated programs can tell that there's no more liquidity left in an area and it's time to breakout to find more liquidity to fill orders

[@JoBaein]

@@danielschultz2807 thank you for your thorough answer !

[@G0rd0nHealth]

I'm having trouble understanding when u out your avwap, how u choose where to put it. U keep saying it's the last high of the previous leg up, but usually there is one or two more candles above that. Could you explain what yourble doing in more detail?

[@danielschultz2807]

it's not the last high. it's on the last trend where it shows currently the highest today

[@simonmartin2816]

read Brian Shannon's book AVWAP Maximizing Profits

[@danielschultz2807]

@@simonmartin2816 To be fair I'm not using them exactly the same way

[@RioDotttRDT]

Fancy recording software after all

[@melonmind.eng333]

I haven't heard of Quallamaggie for several years now. Do you find it profitable and how frequent do you trade his strategy compared to RS/RW?

[@GiganticGorilla4566]

RSRW isn’t much a “strategy”, it’s more so a fundamental. KQ talked of it often, as does stockbee

[@danielschultz2807]

It's still RS/RW just using some of his principles to find optimal d1 entries

[@Riverplacedad1]

If you weren’t trading the China stocks this week, you missed out. UXIN, CHSN, TIGR. It was crazy but then again that the way China stocks are

[@danielschultz2807]

@@Riverplacedad1 I traded them

[@Riverplacedad1]

@@danielschultz2807 do you ever get frustrated with the guys at TC2000 with how little effort they put into keeping up with the Floats. Sometimes they don’t even have a float listed like on SOBR. They simply don’t care. It would be nice to run scans with float as a factor but you can’t because they’re so far off. Maybe some short interest info would be nice but you can’t even get that