Ask Carlos your trading questions!

[Abiel 475]

Please use this thread to ask Carlos your trading questions. Please use the search feature to look for your answers before contacting the Bear Bull Traders Team. 

[hailchaser2 185]

@Carlos M. hope everything is well and you are back in the pre-show tomorrow.

I was wondering which time frames you watch at the open.

I like trading 5 Min Orbs right now, I currently have 1,5,15,Day charts for my 2 main stocks, then 4 charts of four other stocks I can switch out if needed, I keep those on 5min mostly.

If you have a pic of your screen set up that would be great to.

Thanks!

[hailchaser2 185]

When someone asked why you mark high and low each morning instead of using a study,  you said that you don't use the High/Low Price marker because it moves throughout the day. I'm wondering if you were using the wrong price marker. I've started using this one and it works 90% of the time. I don't have to mark PMH,PML anymore, and it stays there the whole day, even when price moves above it. The only time I have to mark it is if Yesterday's after hours price ended up above or below the morning prices.

 

Thought this tip might save you some time doing levels every morning.

 

[Benjamin Tang 4]

@Carlos M. I have attend a couple premarket session now. Could you tell me what you are looking for in a Daily and 5 Min chart?

[Justin 264]

1 hour ago, Benjamin Tang said:

@Carlos M. I have attend a couple premarket session now. Could you tell me what you are looking for in a Daily and 5 Min chart?

Hey Benjamin,

He's looking for candles that consolidate around a certain price, acting as support or resistance.

The dotted line is a level I put down. Blue arrows are pointing to areas that are acting as resistance, and green arrows are pointing to areas that are acting as support.

[Benjamin Tang 4]

14 hours ago, Justin said:

Hey Benjamin,

He's looking for candles that consolidate around a certain price, acting as support or resistance.

The dotted line is a level I put down. Blue arrows are pointing to areas that are acting as resistance, and green arrows are pointing to areas that are acting as support.

So he is basically looking whether there is a good range between the daily support / resistance level + volume?

[Justin 264]

Not quite. The main thing he is doing for us, is placing levels down so that when the market opens we might be able to foresee good levels to buy or sell at. So if you go long in a stock, you're in the money, but it's starting to get close to a level you put down as a resistance line, then that might be a good time to sell some shares or get out.

[David Williams 1]

On 2/11/2020 at 10:52 AM, Abiel said:

Please use this thread to ask Carlos your trading questions. Please use the search feature to look for your answers before contacting the Bear Bull Traders Team. 

Any suggestions for stocks in play today?

 

looking for suggestions for stocks in play today

[Justin 264]

2 hours ago, David Williams said:

Any suggestions for stocks in play today?

 

looking for suggestions for stocks in play today

Hey David, welcome!

Carlos actually hosts the morning show with Norm, so you'll be able to catch all his stocks in play in the chat room, or on YouTube!