Bearbulltraders.com Setup

[Sweden 2]

Hi. i have been a member on bearbulltraders for 3-4 month now. i have been trading in the simulator for few month now but its not going great. im red everyday. Yes everyday. no matter what i do at the end of the dat im red. the problem is not stop loss but that i dont have a setup. i feel like i really need help i cant do this alone its really not easy. i feel helpless, humbled, overwhelmed and alone. so im going to take a step back and learn bearbulltraders setups. so these are the setups that bearbull staff use.

ORB.

ABCD

.VWAP Reversal.

Engulfing cracks.

VWAP Flase Breakout

Booty Reversal

Raising devil     

 

I watched class 4 few times and i cant learn these setups from 1 video its imposible.  I want to learn 1 setup and become very good at it then learn another setup. so my question is who is the expert in this community on ORB so i can ask that person questions on that Setup. 

im sorry for my english and thank you for reading this

 

[Abiel 475]

 

5 hours ago, Sweden said:

Hi. i have been a member on bearbulltraders for 3-4 month now. i have been trading in the simulator for few month now but its not going great. im red everyday. Yes everyday. no matter what i do at the end of the dat im red. the problem is not stop loss but that i dont have a setup. i feel like i really need help i cant do this alone its really not easy. i feel helpless, humbled, overwhelmed and alone. so im going to take a step back and learn bearbulltraders setups. so these are the setups that bearbull staff use.

ORB.

ABCD

.VWAP Reversal.

Engulfing cracks.

VWAP Flase Breakout

Booty Reversal

Raising devil     

 

I watched class 4 few times and i cant learn these setups from 1 video its imposible.  I want to learn 1 setup and become very good at it then learn another setup. so my question is who is the expert in this community on ORB so i can ask that person questions on that Setup. 

im sorry for my english and thank you for reading this

 

HI Sweden. 

The main sources for trading setups are Andrew´s books and Class 4. Also, you can learn from Andrew´s / Mods / Members recaps in youtube.

After you review all strategies in class and books, it is a good idea to develop a playbook / trading plan / trading rules as the foundation for your trading.  If you don't have a trading plan it is a good idea to develop one ASAP.

Then you test strategies in simulator and choose 1-2 as your main focus to master them, it is difficult to focus on all / many strategies at a time. 

To avoid feeling alone, look for a trading buddy or support group, I am sure you will find one here in the forums.

These are the ideas that came to my mind to share with you, maybe if you ask more specific questions we can help you better. 

Below I listed some links I think can be useful for you.

Day Trading Strategies youtube playlist

Sample Playbook Template

DAS Simulator 12 week program

The Process of Executing a Good Trade

Looking for a trading buddy

[Carlos M. 232]

Hi Sweden, 

Abiel just provided you with perfect suggestions for you to try and improve on these strategies. 
I get your frustration, if you are red everyday something is clearly not working but is hard to see what is not working without seen your trading. Maybe when you take a few trades post them here on the forum so us and the members can give you feedback. 

Thanks.

[Thor 29]

Hi Sweden,

Just adding my two cents I would spend some time focusing on L2 reading. It's the missing piece of the puzzle for a lot of traders. (I recommend Carlos' new video on Youtube.) You can have great patterns that fail and in most cases the L2 gave some hints that would happen. Abiel nailed it however, get specific and identify 1 setup you want to learn and focus on just that setup. I recommend taking the profit target completely off the table. Red/Green isn't important right now. Just learning setups is your only goal. To learn them you need to fail.....alot. So don't be obsessed with profit for now. Be obsessed with good entries and exits. Remember this is a learning process with a nasty curve. But once things start to line up you will see improvement in an exponential fashion.

Warm Regards,

Thor

[Brendon 146]

If there could be one thing to add to the L2 video is that when you have a bunch of orders stacking up on either the BID or ASK side of the L2 you must try to interpret what is happening. If the top BID orders are jumping to the ASK side the price will fly up, if the orders at the top of the ASK jump to the BID side, the price will drop. This can translate to buying at the 'breakout point' in the setup and seeing the volume come in or potential volume if those orders are getting filled.

Not sure if there is a time and sales video, but I just look for those bright colors for above or below the bid/ask lol 

[Sweden 2]

Thanks Abiel and everyone else for commenting . i gonna follow your advice

i gonna update you all on how its going😀

[TommyK667 10]

On 10/30/2019 at 2:00 PM, Brendon said:

If the top BID orders are jumping to the ASK side the price will fly up, if the orders at the top of the ASK jump to the BID side, the price will drop. 

Hi Brendon,

Sorry but I’m a bit confused...if the top bids jump to the asks side, doesn’t that mean the sellers are willing to sell for a lower price? Wouldn’t the price drop? And if the top asks go to bids side, doesn’t that mean buyers are willing to buy at higher price, thus driving the price up? It feels like I’m missing some key concept...I’ve only been trying to incorporate level 2 reading for a few days.

 

 

[Brendon 146]

Hey, well the BIDs are always lower than the ASKs right? So if the BIDs (buyers) become aggressive and want to buy, they buy (jump) to the ASK side, knocking out the top orders and going down the L2 to the next price up on the ASK, which is higher. Vice versa for the sellers. But if the orders are outstanding in the middle of the L2, halfway down they can act as magnets and a signal that the price could move towards that level (whichever side has the biggest orders down there, but like Andrew said if both sides do, then you can't really tell). And T&S is good to catch what size orders get filled and to what side they do.