Welcome to the community. Ask lots of questions! We love to help. Cheers, Peter

@Bailey Nevener I just had to comment on how keen I find your insight to be. Well done. Excellent work and thank you for sharing!

Hello everyone, My name is Tyler. I'm 29 years old and live in Nebraska. I'm a police officer and have been doing that for 8 years. I've always had an interest in day trading. I started off researching day trading about 6 months ago and read a lot of articles and watched a lot of YouTube videos. It took me a while before I came across the BBT Community and read Andrew's book but after reading the book and looking into BBT I knew this was the type of community and program I was looking for. I'm currently still working my way through all of the education sections and hope to start with sim soon. I look forward to meeting and learning with you all! Tyler

Teruki, Thank you for getting back to me on this post! I will address what I think I can add to from your previous reply. "I did not think about the time frame (afternoon) and, especially as a newbie, to think the 5 minute chart as the new 1 minute chart is a great way to understand the pattern." I'm glad that you were able to take something away from that, and here's another way to think about it. The lower the volume, the more you should "zoom" out in terms of transcribing one timeframe and treating it as its higher timeframe. This is a self-fulfilling prophecy as volume almost always is lower in the afternoon. If volume starts to pick up, like right before the close, it may be time to "zoom" back in. You will notice the lower time frame's moving averages will start to be respected again. This will allow you to dynamically analyze what 'minimum' time frame to watch. If you're in doubt which time frame to watch, I would advise looking at previous price movements. Look at how far 'whipsaw' movements can go at the stock's present current average volume. This is a good idea: whichever chart's 20EMA it respects, treat that as the new 1 minute chart. For example, that first test of VWAP on $AMD shot back down to the 5 minute chart's 20EMA and it wasn't on any exceptional volume in comparison to its neighbors. This can help you disregard the 1 minute chart for any meaningful information. (in regards to how we have learned to trade) Unless volume starts to pick back up, any stop you place under short term 'support' (e.g. under a 1 minute chart higher low that can't be seen on the 5 minute chart) may get absolutely destroyed without warning and no volume! This is not a rule, but it will help you make better decisions based on the stock you are trading. I'll go more in depth on your reply if you'd like, but I feel like that was a fair piece of information you can take with you. Also, there are a ton of valuable things that can be gained from watching the recaps of traders, but the thing they are verifiably good at is trading. Therefore the BEST thing you could do in my opinion is watch Andrew and the gang trade live. Professors, athletes, and the like, lose touch with what their 'secret sauce' is when they've been in the game for so long. A coach that has a proven track record of making winning NFL teams is probably going to teach you how to play football better than a NFL player. These 'NFL' traders are teaching us how to play, but I have 0 clue how many people are profitable compared to how many are not as a DIRECT result of their teaching. This is NOT to bag on anyone. We can't all be GODs at everything! They are two separate things. Watch them in the act, and it will teach you more about what they DON'T know they are doing. This is that information that they can't articulate to you. See what I mean?

Good evening Teruki, First off, these kinds of questions are what this site needs. Also, the video you linked is actually a recap of $ANF. Here is the video you meant to link based on the screenshots you provided. Analytical thought and true deconstruction of a trade is what really makes us all better traders. As far as your question is concerned, I am not Thor, and I cannot speak for Thor. However, I have spoken with Thor in the chat before with a similar deconstruction, and I have an idea of where he is coming from. I will now answer your questions directly. ------------------------------------------------------------------------------------------------------------------ 1: Why is it more of an ascending triangle than a VWAP false break out? In other words, how can you see that the stock would go up where Thor placed his initial order? This is an excellent question. It is basically asking, "What is the deal with pattern recognition ambiguity, how can we make a decision with two different available interpretations of a trading setup?". Obviously a moderator-esc approach to this question would be to tell you that two people can take two different trades on a stock and it isn't guaranteed that either strategy will work out 100% of the time, so therefore having opposing interpretations is the 'name of the game' and cannot be avoided. This is true. However, I believe that you have at least 3 brain cells, so let's actually think about what is happening here on a technical level. A. VWAP False Breakouts, as outlined in Andrew Aziz's book, happen in a specific Time Frame. That time frame is directly after the Open, a.k.a. Midmorning. Therefore it cannot be a VWAP False Breakout trade in line with that strategy. B. Let's think about it from a price action perspective. Before we get into the weeds of the individual candles, we have to think about the trade as a whole. First consideration: Is $AMD currently in an uptrend, or a downtrend? Uptrend. How do we know it is in an uptrend? Because it has been making higher lows and higher highs. As a general rule, we should prefer continuation instead of a reversal. This means we should have to be CONVINCED the trend will reverse, rather than have to be CONVINCED it will continue. This is also a later day play, where stocks tend to trend. So it is already a more attractive long. Second consideration: What has the price action been doing? On the five minute chart, the price has clearly reversed from the lows, but when it hit VWAP earlier, it did a nasty drop. However, the drop was on fairly low volume, so I would expect a retest of VWAP. This kind of low volume, large range, drop tells me I should be cautious on placing my stop super close after any entry. Third consideration: Heavy wicks on the 5 minute chart. Obviously huge wicks pointed against your trade direction is a huge No-No to go long into during the morning session, but remember, it is 3 p.m. at the time of this trade. The five minute chart essentially becomes the new 1 minute chart at this point. With this in perspective, you would expect to see some kind of pushback at VWAP, which could give an excellent entry to go long if it comes down to a decent distance from a support. If these 5 minute candles are treated as 1 minute candles, this pullback would be a joke. It can now clearly be seen as a preferable long with a stop placed under that higher low. Remember to perhaps space it down a little bit so you can hold onto your position in the event of something like the previous chop. ------------------------------------------------------------------------------------------------------------------ 2: Without the level 2 and tape information, are there more signs of the stock going up than down where he added? The only thing he has going for him here is that this is a late day play, he is EXPECTING a trend continuation. He doesn't know if he will get it. Once the price flew down he was nervous he would get stopped out, but what did it do? It traded flat above a support. Once he saw it was probably the bottom of that short term range, it broke up slightly and he added Risk to his position from the bottom of that range. At that moment it was very possibly ANOTHER higher low. If he was expecting continuation, then it would make sense to add at the bottom of the range, rather than at the area of his original position, which was obviously closer to the breakout region of the range. These are considerations that can help you have a preference on a trade and exactly what your options are for stop placement. This is not a complete strategy or a fool proof ideology, but it is a useful way to organize the chaos. Here are the items of importance I have laid out: 1) The Trend is up, try to go with the trend if you can, but if you are CONVINCED it will reverse, then check to see if an equal amount of signals point to continuation, and then choose the continuation trade if they are equal or don't take a trade until the chart develops hammer candles and stars that provide more information. 2) The Time Frame suggests that current trends will continue. 3) The Price Action is not respecting the 1 minute chart at all, so treat the higher timeframe (the 5 minute chart) as the new one minute chart, and seldom place a stop below any higher low on the 1 minute chart that is not dually represented as a higher low on the 5 minute. (If you see a bunch of 1 minute hammer candles at the base of the 1 minute higher low, you could consider a stop under them as valid, even if that higher low is not represented on the 5 minute). This is how I view it. Rate me if you dare lol.