The Tight Area Swing Trade Setup | How to Find and Trade VCPs

[@RanjanKumar-lb6pl]

Eagerly waiting for Deepvue to be launched in India ❤

[@RichardMoglen]

Timestamps 0:00 Intro Montage 6:30 Why are Tight Areas Significant 12:25 What Tight Areas to Trade 15:55 SOUN Example 19:49 BROS Example 23:30 NVDA Example Using RMV on A Weekly Chart 28:55 SMCI Example 29:53 IBIT Example 35:00 TSLA Example 38:19 HOLO Day Trade Setup Example 40:00 Screening for Tight Areas using RMV Presets

[@bradh6185]

I have made the decision to get into trading at the age of 53. I haven't started yet, as I am soaking up as much information as possible to help form a tentative strategy. This video is invaluable. And so are the interviews with the notable traders. I'm very glad you take the time to do this.

[@RichardMoglen]

Thank you kindly Brad!

[@cygnusdelta60]

I like the part where you can scan for low RMV - imagine how easy things get after that. Superb! Thanks for posting Richard👍🙂. This could really help everyone. This brings you one step closer to understanding the operator in the background - the smart money that moves these stocks.

[@jtran3546]

Richard, your RMV indicator is absolutely ingenious! I love it, working great for me on 5min timeframe too. Thanks

[@RichardMoglen]

Thanks! Glad you find it helpful. What period do you like to use on the intraday? Or do you keep it at 15

[@jtran3546]

@@RichardMoglen I keep it at 15

[@Spooderpang]

Love the RMV indicator Richard!

[@RichardMoglen]

Awesome!

[@RBG9000]

From experience, this is one of the most powerful price actions ive had in my own trades. Especially when the stock shows sideways tightness in market correction days, these stocks just bounce up once the market pressure is lifted. Caveat that I limit my stock universe to minervini's trend template. Hope y'all launch deepvue in India, would make my weekend routine a lot faster :D, and as always thanks for the rich plethora of learning resources.

[@RichardMoglen]

Thanks! Yep we are working towards that

[@MarkonahLeYes]

Richard and traderlion is one of the best podcast for trader.. thank you, Richard 🙏

[@RichardMoglen]

Wow, thanks!

[@NewGuyDarren]

Richard, this is great! I have been using something similar for my trades. These are in the same vein as O'Neil's cup with handle or Minervini's VCP pattern. If you couple the low rmv with a low volume, it works very favorably.

[@alphatrading403]

Love the monochrome chart setup, Richard! Always learn so much from your videos!

[@RichardMoglen]

Awesome, thank you!

[@futurestradingstrategies]

Excellent work. I like the fact that your RMV dropped to zero during those 3 tight bars on COIN, something the standard Bollinger Band Squeeze failed to detect.

[@RichardMoglen]

Yeah it's pretty responsive

[@williamswanson6424]

I am a Deepvue user. Great Site! Richard please do more KZbin videos of ways to set up your Dashboard for multiple uses.

[@RichardMoglen]

Will do!

[@Conorallan]

Bro you’re really nonstop with the value packed content thank you so much for all you do!! Helping all new swing traders out in big way!! 🙏🙏

[@RichardMoglen]

I appreciate that!

Great work Richard and Deepvue. Just one question. I have difficulties buying the breakout out of these tight areas. Is it possible to buy it at the low of a tight range? I'm not always connected when the market opens... And I always get in too late. Thanks for your advice.

[@RichardMoglen]

Hi set early alerts below the breakout of the range so you can watch the chart as it pushes through. Also focus on less stocks so you can execute better

[@michaelxy85]

Thanks for the upload. I am watching your content from Germany.

[@DarkTrades33]

Thank you Richard!! You are doing an amazing job. RMV made think in the VIX, but applied to a single stock.

[@RichardMoglen]

Nice! Yeah same idea

[@tareqislam1434]

Great demonstration Richard. Keep these coming

[@RichardMoglen]

Thanks!

[@parkbig6128]

Thanks for ur work, richard. Could u tell me how to calculate RMW, I didn't find the accurate definition:)

[@rbharath001]

are those 50 / 200 golden crossover EMA's ?

[@ESM77]

How are you liking the all black price bars? What do you find more helpful with them? Looks like it’s less “emotionally triggering “

[@RichardMoglen]

So far really liking it. Helps me identify how price is building more objectively

[@vinayakmk648]

How can i find DV technical patterns in indian tradingview

[@toekneeshields]

Thanks for sharing Richard you are the best. This video is evern better than most. great job.

[@RichardMoglen]

Wow, thanks!

[@tenzinnamdhak]

Hello there, what is the difference between deepvue and marketsmith? Novice trader here. thanks much appreciated.

[@kek2635]

when you say tight area, do you mean smaller range high to low or closes that are near eachother

[@geotabs2]

Are you using Logarithmic scaling? Also are you going to be having RMV available for Trading view?

[@RichardMoglen]

Yes I use Log. RMV is only in Deepvue

[@kentcalipusantv577]

You prefer Lookback 10 days for daily am right?

[@hrishikeshchaudhari72]

Hi Richard, can we acess deepvue in India?

[@noelborg2499]

Oliver's TSLA entry 2020 "wick play" entry

[@wongjeff2795]

Here is the translation to English: Could you please do an episode on how to do position sizing and progressive exposure? How is this related to average gain and average loss? Can you provide some practical applications and examples for a simple demonstration? Thank you.

[@manuelbrighina4695]

Hey Richard, I really admire your content and I hope for you to be very successful! You will be the next in the row of Jesse, Bill and Mark... I try to be successful in trading, but didn't find the best trading environment for me yet :(. I wanted to know which broker and scanner do you use? Is it the marketsurge? And for broker? I like IBD. Can you honestly recommend some of the tools like "swing trader" or the "leaderboard", just to get more information etc. Thank you so much in advance!!!

[@JbaShani]

Great Video, yes I agree many top Gurus use the tight contraction strategy especially Pardeep Bonde, just wondering if the Indicator that you created is available on TC as well or is it only for your Platform?

[@kbeale1]

As far as I know, there is nothing like this pre-built in TC2000. I use a custom PCF to screen/sort for this (both on weekly and daily). I'm not sure how RMV is calculated in Deepvue, but I use a ratio between open|close range and 10D ADR that I call "Open Close Range Compression" or "OCRC" for short. Formula I use is: abs((C-O)/O) / ((H0/L0+H1/L1+H2/L2+H3/L3+H4/L4+H5/L5+H6/L6+H7/L7+H8/L8+H9/L9)/10-1) Anything

[@RichardMoglen]

It's a Deepvue Proprietary Indicator

[@kbeale1]

@@RichardMoglen Hi Richard. I replied to this user with a way to approximate this in TC2000 and my comment was deleted. Did my comment violate a KZbin policy? If so, which one?

[@RichardMoglen]

I don't know@@kbeale1 I haven't seen your comment

[@JbaShani]

@@kbeale1 I did not see it either

[@tomato778]

How is this indicator diffrent from TTM Sqeeze?

[@RichardMoglen]

It's more precise and actionable

[@RaxflexCA]

Great video. I really love deepvue, I am using it since last December. Great for scanning and the custom indicators are amazing. Do you have a minumum dollar volume and a minimum ADR cutoff for the stocks you are trading?

[@RichardMoglen]

20 million is probably the lower end but ideally greater than 50 million. ADR I don’t have a set cutoff but I do want to see that it’s a stock that can move

[@SarkisKlinik]

In swing trading, do you sell the stocks at pullbacks or just continue holding it? Thanks

[@RichardMoglen]

If it holds the 21ema I look to hold it

[@SarkisKlinik]

Thanks@@RichardMoglen

[@cg2977]

Kudos for evolving, great work! Indicator reminds me of Chaikin Volatility.

[@RichardMoglen]

Thanks!

[@johnwatson3273]

Great Video Richard!

[@RichardMoglen]

Thanks!

[@danieleckman6883]

Is NU considered tight yet or do we need more time?

[@RichardMoglen]

It's tight here but in the middle of nowhere, extended from a base

[@MihaiHudea]

thank you for all the great knowledge sharing you're doing Richard!

[@RichardMoglen]

Sure thing!

[@SarkisKlinik]

Great Video. Hope you make a video about how to trade gap ups. Thanks

[@RichardMoglen]

Great idea thanks!

[@mpowertradez]

Really good stuff here ! Ty

[@RichardMoglen]

Glad you enjoyed it!

[@lifelessplum]

Its ADR% ratio?

[@RichardMoglen]

No it's different

[@trebailey4195]

This setup has made a ridiculous amount of money

[@chesteradams9764]

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Flora Elkin's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

[@dorothyweller7736]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@mattdan5238]

It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say

[@sandrinhopjl]

Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

[@Wesley3kb2sv9l]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.

[@normandholland8374]

She's really good in studying the market and making a strategy and i am learning so much from her already...

[@okey9904]

Amazing thank you bro

[@RichardMoglen]

No problem!

[@dvshiteshreddy4242]

Sir did not undertand the enrty point

[@trebailey4195]

Excellent

[@RichardMoglen]

Thanks!

[@ansarallahi]

An API to a big exchange like trade station. I'm in 100%

[@tmn15]

XOM