Chart Patterns and Gaps in Real Life

Welcome to Class 4 of the Real Life Trading Intermediate Series!
In this video, you will learn more about gaps, extended hours and 3 specific chart patterns that show up OFTEN and of course, how to trade them.
Also Jerremy Alexander Newsome goes in-depth into some analysis on AAPL, which many traders used the VERY next day to totally crush some options!

[@lyleh1659]

This video changed my trading life. Watched it three times now!

[@RealLifeTrading]

YES!!!!!! :-)

[@margaritadonoso8830]

I am trying to watch all your videos and I always find something new, your tips are something else. THANKS!

[@RealLifeTrading]

THANK YOU SO MUCH!!!!

[@swingtrader7755]

Always LOVE your videos. I bookmark them if I don't get to view them the day they are published! Great Job, keep the good work! Victor

[@RealLifeTrading]

Thank you so much!! :)

[@lcvwj2949]

I can’t believe it. Why didn’t I know you existed Jerremy? I could have just learned from you and pay you later as a appreciation gift. I paid 6500 for an online video course and I feel like not good enough information. I like the way you explained everything in here. Thank you.

[@RealLifeTrading]

That's unfortunately a similar path for many. Keep moving forward!

[@mauriciomoreno5818]

Awesome man. Thanks as always!!

[@RealLifeTrading]

THANK YOU!!!!

[@tomdalton8224]

Great ! positive ! fun ! video on trading. THANKING YOU ;)

[@RealLifeTrading]

thank you

[@dylan833-k2i]

Great video. I love all of them.

[@RealLifeTrading]

Thanks for the comment

[@drjoe1886]

I’m taking you out for a drink when my student loan is paid off from trading in real life bro!! 👍🏻 Once I get $3k saved in my brokerage account I’m going to hit the ground running with my 60R and not looking back 😎 Meanwhile I’m soaking up all the outstanding education from Real Life Trading!! Thank you.

[@RealLifeTrading]

Joseph Moore I love it!!!! Keep saving, I drink a lot! Hahahahhaa Jk. You are the man!!!

[@slepine001]

Solid GOLD! Thank you!!!

[@RealLifeTrading]

slepine001 Yes!!!!! My pleasure

[@omarcontreras8153]

Just finished today. Keep em coming 😄

[@RealLifeTrading]

Thanks for the comment

[@jordanting705]

Hi Jeremy, how do you manage to write text below your intraday entry, stop loss lines? You seemed to be able to save the templates?

[@RealLifeTrading]

Prodigy Defender Yep. You can create your lines and save the templates as defaults. :) Just right click on a line and go to formatting and style

[@louman610]

Excellent presentation.. I just signed up.

[@RealLifeTrading]

louman610 Whoooooo!! Excellent news . Thank you

[@giglehart]

Thank you so much!!! Your awesome!!!

[@RealLifeTrading]

Heck yes!!!!!! My pleasure

[@handsomepayu]

Great videos , top notch tutorials and excellent teaching.

[@RealLifeTrading]

Piyush Rawtani Thank you so much. :)

[@handsomepayu]

@@RealLifeTrading Just have one question , at 52 :24 , after the breakout of neckline , 2 -3 candles after formed a penant ,entry at that time would have hit the stop loss . Thank you . I know nothing is perfect in trading, just wish to get some clarity .

[@RealLifeTrading]

Piyush Rawtani No, I don’t think you would have or shouldn’t have. That would have been way too aggressive of a stop move.. =]

[@handsomepayu]

@@RealLifeTrading thank you

[@danytremblay7549]

awesome video. thank you

[@RealLifeTrading]

My pleasure sir! Thanks for watching. :-)

[@DerpOtron9k]

Keepin it going! Quick question. If you're based in Nashville, TN, how come you display EST timezones on your website? Just curious I'm just a couple hours west of you in W. TN.

[@RealLifeTrading]

I AM KEK cool. Umm... The stock market hours are all based on EST and that's kind of the 'status quo' when it comes to a global company setting hours for something. But yeah - if you ever head over to Nashville, let's meet up for a beer or something

[@RealLifeTrading]

I AM KEK cool. Umm... The stock market hours are all based on EST and that's kind of the 'status quo' when it comes to a global company setting hours for something. But yeah - if you ever head over to Nashville, let's meet up for a beer or something

[@DerpOtron9k]

Oh makes sense, learn something new everyday. Sure thing!

[@RealLifeTrading]

I AM KEK Wonderful! Make sure you tell all of your friends about us, like us on Facebook bro! ;)

[@jamalsims2644]

would u say options are a better return in investment that stocks in a short time frame?

[@RealLifeTrading]

YEp. ROI is always better on options than stocks.

[@2524csv]

Nice presentation.👍

[@RealLifeTrading]

Thanks

[@BenHayak4]

is there a good way to identify higher chances that double bottom retest and goes up(reversal)? or this down trend turns into a double bottom? W that turns to W\ ?

[@RealLifeTrading]

Only way to know is = to be in!!! Wave counts can help A LOT as well... to give you an idea if there is even a chance it's ending a wave 5

[@BenHayak4]

Real Life Trading I will watch your wave video again, with this context in mind. Thanks for enriching :)

[@HemiMedic]

I just gotta say watching video 2-3 months later... The double bottom on AAPL daily chart post 12/8/16 after the close @ 112.12 worked...lol

[@RealLifeTrading]

Yes sir... In a BIG way. :-)

[@roblaskowski1030]

After the double bottom and breakout, instead of waiting for the price to come back down and retest the neckline, how feasible is it to mark a 30% or 50% retracement for your entry?

[@RealLifeTrading]

Very feasible!!!!

[@roblaskowski1030]

@@RealLifeTrading That seems to be the pattern these days. Anything from a gap retracement to a rest period on a stair step up. Thanks for all of your guidance!

[@govindpal6810]

Where we have to take entry in market...after broking resistance line or price close above resistance/support line...

[@RealLifeTrading]

govind pal You can use market contingency orders, stop limit orders, MOC orders,m and or time contingency orders to get in on a stock ‘only when it closes’ past a strong pivot. :) I hope this is the answer you seek

[@squaretrianglez]

in india give a stoploss buy order above resistance line

[@skatetodeath666]

Do you use any scanners ? If not What stocks do you trade repeatedly ? And do you check out news on finviz or other stock news sites before getting into a trade ? And I am a bit lost on how to target a trade using the 2 time frames such as on the daily and hourly charts for swing. Or the daily and 5 min for day trades. I am not understanding how they help each other to make a decision on the trade. thanks very much for all the great information :)

[@RealLifeTrading]

Steve Gosen I do not personally use scanners. But finviz.com is a great tool and most brokers have scanners. I trade most of the popular tech stocks repeatedly. AAPL, FB, nflx, baba... those type.

[@RealLifeTrading]

Steve Gosen And I'll simply use previous support or resistance levels on the hourly and daily charts to find my targets. AND / OR simply multiply my risk times 2 and sell there :)

[@skatetodeath666]

Real Life Trading thanks very much for he reply that clears things up for me. one last thing how do you figure out a %2 risk to put your stop at if you don't have any resistance or support to base it off of ?

[@RealLifeTrading]

Steve Gosen Use the previous days low, on the candle. :)

[@skatetodeath666]

Oh OK perfect thanks again for all the help

[@4TH.WALLBREAK]

What platform are you using to trade?

[@RealLifeTrading]

1coolbrother A few different ones. Tasty Works, interactive brokers, think or swim and some others for day trading using leverage. :)

[@4TH.WALLBREAK]

Real Life Trading is there any particular one you would recommend over the others?

[@RealLifeTrading]

1coolbrother Tasty Works has amazing commissions!!! Followed by Interactive brokers. And then thinkor swim . =]

[@kim-wr2tn]

Can you advice if i plan on weekly options trading, and reside in Malaysia, is Saxotrader okay? Or is there any other broker that better?

[@Xclusives10]

42:00 . The longer the timeframe, the stronger the move. You think looking at the weekly or monthly chart work for double tops/bottoms and getting into very long term options?

[@Xclusives10]

Well I shouldnt say "move". Replace with "support/resistance"

[@RealLifeTrading]

kdubbw12 Yep! You sure could!!! :)

[@enigmatictreasure]

how do you option trade? do you offer any classes?

[@RealLifeTrading]

OH YEAH!! kzbin.info/www/bejne/l3Wyo3qBfr9lj6c :-) I've got a few.

[@squaretrianglez]

i like your way of teaching.phhheeewww iiikkkk

[@RealLifeTrading]

zodina just a dot in eternity Ha! Thank you very much!!!!

[@stevenixon7462]

Totally agree. I’ve been listening to trading webinars for the past two years and RLT has been THE MOST helpful in learning how to read the markets. Jeremy, I thank you from the bottom of my heart. Also, I live in Rockwood, TN...just a couple hours away! Would enjoy meeting you in the future 👍

[@MrCany1]

Thanks a ton it helps a lot ,and ur laugh sounds exactly like PewDiePie 😂

[@RealLifeTrading]

Thanks