π Master Key Levels in Stock Market Trading Essential Strategies π‘οΈ
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Video Source: www.youtube.com/watch?v=HMTY-dc3rF8
π Understanding Key Levels and Defense in Trading π‘οΈ • Stock market trading strategies • One crucial level we observed was 53.76, which served as a pre-market low. We hit this level precisely and experienced a rally of 40 handles as we approached the market open. This level acted as our last line of defense before things potentially turned ugly. βοΈ • However, the real focus for many volume profile traders was the range between 81 and 85. This area held a low volume node and garnered significant attention. Nonetheless, for me, the ultimate defense was at 76.5, just below the key range. π • It's important to note that the chart used in this analysis is not back-adjusted. This distinction is crucial because if you attempt to match it on your chart with back-adjustment, you won't see the same results. π • The last time we traded at this price level was on June 11, during the closing hours. This historical context adds another layer of significance to our analysis. π • Understanding key levels and defense is vital for successful trading. Stay tuned for more insights and strategies to enhance your trading game! πΌπ° • #TradingTips #DefenseInTrading • • $ES (E-mini S P 500 futures) | $SPX (S P 500 weighted Index) | $SPY (S P 500 ETF) • π Timestamps • 00:00 • About This Stock Market Trading Episode: • Learn more about my Stock Trading Strategies here: https://www.pharmdks.com/ • Trading Doggy Style with PharmD_KS Channel: / @pharmd_ks • πMore Information and Follow: π΅ • π Pricing and Membership Website: https://pharmdcapital.com/ • Twitter (free info) - https://x.com/PharmD_KS • Signup and Free Blog - https://www.pharmdks.com/ • Substack - https://substack.com/@UCXb_fR_M3Pz0gf... • π¦ WHO IS PHARMD? • PharmD bought his first individual stock in 1990 and has since transitioned to trading on increasingly shorter time frames. While he prefers investing and trading on longer time frames, he remains fully discretionary, adeptly adapting to the market environment in both long and short positions. With the Trading Doggy Style Community, PharmD is currently focused on day trading indices, ensuring members receive valuable insights every day. Additionally, he shares investment and longer-term trade ideas with the community as they arise. Entirely self-taught, PharmD has developed a unique blended approach that combines various technical analysis methods, forming the foundation of Trading Doggy Style. • *What is TRADING DOGGYSTYLE?* • https://pharmdcapital.com/what-is-tra... • Discover the power of “Trading Doggy Style,” a unique trading approach that blends various market analysis techniques for high probability trades with exceptional reward-to-risk ratios. This methodology focuses on identifying precise entry points based on supply and demand imbalances, volume profile analysis, and balance range analysis, allowing traders to capitalize on market movements with well-defined risks. • Supply and Demand at Price: Identifying fresh supply or demand areas for precise entry points. • Volume Profile Analysis: Utilizing volume profiles to understand market value perceptions and identify optimal trade entries. • Balance Range Analysis: Analyzing market phases of balance and imbalance to determine areas of interest. • Price Action and Market Structure: Leveraging price action and market structure for strategic trade execution and management. • DOGGYSTYLE TRADING COURSE* • https://pharmdcapital.com/trading-dog... • *DISCLAIMER:* • I am not a financial advisor. The content shared on this channel, as well as across my other social media platforms, videos, podcasts, and posts, is intended solely for entertainment and reflects my personal opinions. Please conduct your own research and consult with a financial advisor before making any investment decisions. • • #ESFutures #SPXFutures #SPY #AssetClasses #MarketAnalysis #SwingTrading #Equities #InvestmentStrategies #DailySetups
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