CAHOLD, CHG Vs Price Breakouts | Technically Speaking: Trading the Trend

[Music] hello and welcome to trading the trend weeks to months my name is james boyd we welcome you to trend thursday alongside with me i got my good friend brent morris in the chat as well so we'd like to welcome everyone now just real quick as we're getting started want to give us a reminder that we do post educational content on twitter if you're thinking that we actually post maybe things that might be uh maybe political nature that's not we won't do anything with that i've had questions on that this is all just educational content not recommendations and we actually also post announcements on there as well so that's actually a great uh source to uh the class follow through as you'll see here today and a companion to the webcast now just real quick as we're getting started with what we discussed here today it is for educational informational purposes only and also remember that uh it's not investment advice recommendation of any security strategy or account type options not suitable for all investors and also remember when we talk about examples we'll demonstrate the functioning of the platform and as we do that we're going to include john's questions or land those questions gi's questions dentures questions or on nets questions because you're part of the class so as we go if we actually talk about paper money examples i'm going to be kind of looking at your questions and then trying to use examples now those aren't recommendations but those are for educational purposes only remember also if we bring up options here today which we talk about stocks and options there is actually what's called the option greeks delta gamma theta vega sensitivity direction change in delta change in sensitivity to time and volatility and that's they're just really kind of telling you what's happening with the option or what is it sensitive to now also remember that with what we actually discussed here today our agenda item will be as follows so from time to time i actually get people to ask me questions they say james i'm kind of really stumped on whatever and the question was regarding cohold close above the high of the low day versus a breakout and i want to talk about that kind of in depth today now i actually thought the question you know and this has actually happened a couple times but i have a number of things i kind of wrote down that really kind of like as you see that there god there's some points i want to really bring out to answer this question so with no further ado let's actually just go ahead and hop right in now some of you might be thinking what do you what is a behold what is a maybe a breakout how do you see it we want to talk about that first then we're going to talk about some maybe stop positions to maybe use protection and also new positions so let's go ahead and just hop right in now first off and we we will talk about the market in just a moment but i want to actually kind of take this time to actually uh bring up an example so first off when we actually talk about uh catching momentum and i want to kind of write that down so we just kind of clarify we're trying to catch we're trying to catch momentum okay so we're not talking about catching my man we're talking about the price bouncing back up okay now when we actually talk about this we're typically talking about kind of short and shallow pullbacks okay now i'm going to kind of give you the best thing i can actually kind of do here and i'm just going to kind of maybe draw and i ask you please be lenient with me on my drawings the red candles really represent down days okay and what you're gonna see is the green candles are gonna really represent let's say updates okay now it was i uh back in probably 2004 a friend of mine kelly and i we were kind of talking about markets all the time and we were trying to really dissect kind of what was causing other investors to think that they were trying to catch momentum where they thought maybe the price was going back up and we found kind of two main ways where the investor might try to catch that momentum and they all looked like the following patterns so remember the red candles are down days and then the green candles those are in this case are going to be the up days now i'm going to kind of show you this so when we actually talk about seeing a bullish bounce now how many of you have ever said to yourself man i wish i would have gotten in you ever had that before or man i had an entry right here and i didn't take it right so when we actually kind of talk about this when we actually look at any bullish bounce we want to answer the first question is the stock above support so when i say support i'm talking about the review last one to three weeks okay if you can't look over the last one to three weeks and see any support that it doesn't matter about cohold or uh close higher gap or the breakout because remember the the foundation for a bullish trade is that there's a floor there's a support where the investor might consider exiting if it were to breach support so number one is paramount in the fact that if you can't see support where are you going to set the stop one has to be answered number two if we actually said number two was what is whoops what is the lowest most recent down day now when i say this i'm talking about the red candles okay so if i actually looked at this and said james which one is the lowest most recent red candle well the lowest most recent red candle i see i'll label this as one and then two so if we said what is the lowest most recent down day okay and that's red candles and what you're gonna notice is it's number two okay question number three we want to ask ourselves okay does the price close above the high of that day and when we say close okay what does that really mean we're talking about probably not like the last maybe 30 okay 60 minutes or i should just say the last hour of the market now you might say james i don't do the last hour i like the last 90 minutes okay fine we're gonna say the last hour okay now so when we actually look at this when we say does the price close above the high the low day okay what color candle would that be the answer is actually going to be in this case it's probably or highly likely going to be a green candle okay now i'm going to type that in so it's probably a green candle now here we go so so this is kind of probably you know kind of a way to see it but can there be maybe a different way to see it okay so if we actually get the stock to actually close above the high of that lowest most recent red candle that would actually be called ca hold that's just the acronym for close above the high of the low day okay now james is this just for like uh maybe people that are doing swing trading no this could also be something that's actually done maybe on a weekly chart as well okay so instead of saying ca hold it would actually be c uh c a h o l w close above the high of the low weak okay i swear in my life the last time i went to the dmv dmv they actually said okay press press your forehead up against the thing and then read from left to right i swear on my life it said kaholt okay and i thought wait is this a trick okay i should have taken a picture but i don't think they would have let me now here's the thing is it always going to be that that first up day is closing about the high the low day well no okay so let me kind of show you a little variation not much of a difference what are the red candles again red candles are the down days and then what happens in this case if you get maybe like a green candle but it's not closing above the high of the lowest day let's label again what is the lowest day when we say lowest day that's the green colored candles and if you look at the green color candle it did not close above that second candle okay and i labeled it as number two but what happens if the very next day you actually get a candle that goes like this would that candle be a cohold well that can be a cold answer yes it would okay but notice it's not always going to be in that first green candle that it's cohold now uh someone asked me this one time okay they said well james wonder if you get she get down day down day down day and then you actually get something where it's like this that's not a cold and then the next day looks like this and it's not at the hold and the third day finally it closes above the high the low day and i said back to the person look whether it takes one two three four days okay it's still ahold but i'm just telling you it's not always going to be that it falls down to an area of support and then on the first day it goes up to such an extent we're close above the high the low day so is the case so you need to be prepared that it might kind of take two days to start to go up green candles it might even take three days to go up in green to actually make a cold but it really doesn't matter because it's the same point which is cohold now let's kind of just stop and see if there's any questions right here okay are there any questions now doug actually says is there a scan formula to find the cold stocks you can share you know i've actually got this question lately and i'm wondering if i'm just doing a poor job explaining it so let me do the best i can so what i'm going to do in this case let me actually come over here and let me i'll bring something up but one thing we could actually do is remember i kind of talked about i don't have a website called jamesboy.com uh etc and i use twitter as a way to share information it's not recommendations but what you're going to see is if you went to actually let's say uh twitter you typed in james boyd and what you're going to notice is right at the very top of my page what you're going to notice is if you scroll down you're going to actually see so when i do this and i scroll down there's going to be a script here scripts are scanned scripts are searched i don't care what s word you use it's all things to try to find stocks now whether you call it a scan a script a screener uh a search whatever you want to call it you verify all of them when i've ran searches historically i never in my mind thought that that was a guarantee when i ran a scanner historically a screen historically i don't know where maybe some people got the idea that scripts are guaranteed and screeners are not searches or not scans or not i mean look it's just a way to try to filter out what you're trying to look for it is a setup none of them are guaranteed okay got that off my chest i feel better now now first off is there somewhere on this sheet that actually shows cohold yeah now there's two of them so first off uh who asked me that question doug doug says work do you have something that you can do yeah i'm gonna hit that so now what you're gonna notice is right on this sheet okay right there it's gonna say close above the high of the low day on the market watch tab okay now why do we care about the market watch time well the market watch tap is a is a watch list okay so we can have a watch list of let's listen maybe 50 or less stocks and if someone said is there a scan to maybe try to find those yes what is in blue is the script to try to find those okay so that is a way i could do it but also the second place i could also see this as well is james can i just maybe pull up on a chart and then just see if it's showing a hold like i pull up google and could i just have a maybe a dot that would show me that that stock is doing close above the high to low date yeah so what you're going to notice is that script is right here now let's just kind of recap what is the difference between the market watch tab okay what's the difference between the market watch tab well the market watch tab is a list of stocks so you might have a list of stock do you like and what it does is it scans the list okay if you said i just want to seek a hold where it can kind of plot maybe a dot or something to kind of say hey it's showing potential to hold that is actually going to be on the chart now if you're saying to yourself with dead gummy james i don't even know how to put the chart i don't even know how to put that on well you're going to see that right below about an hour ago if you said hey i don't even know how to put it on i made like a two minute video i'll play it and if you click on that what you're going to notice is it really shows kind of a way to kind of how do i put the script on how do i save it and it's two minutes or less knock yourself out okay so there good got that i feel better so good question but here's the thing notice how many times i put the information out i get the question and i'm wondering if someone's actually seeing what's been tweeted when i tweet stuff it's for a reason of education it's not a recommendation it's learning how to use the platform maybe some uh skills that the investor is trying to focus on etc so if you're not using that i kind of feel like you're just missing some things that could really help someone progress sooner okay now let's actually go back to this okay but that was a good question i think it was timely and maybe maybe a doug uh it was uh i didn't pay you five bucks to say that but maybe that was just timely okay now i want to talk about the second way actually before we actually do that i want to actually bring up both ways we could see this because i we just showed you that let's say the investment said you know what james i i want to just kind of imagine that i had a sample watch list so i'm going to create a watch list don't worry about this right now i'm just going to set up a watch list how could i maybe just have some stocks what would it look like etc and i'm just going to put some stocks this is nothing new and let's say i had three stocks on my list okay now i put a uh if i had if i did those steps that i talked about and i had let's see if i have cohold here what would cohold look like if there was a potential cold well if there was actually a gold let me actually see that and got to make sure i put that on and check check out the video yesterday i showed it also on the market watch as well so if we said james if there was a gold on a list what would it look like well nvidia example given shows a green background with a one that is saying this could be a potential hold setup verify okay so that's what it looked like now if it's not meeting the criteria but we still want to verify microsoft we do not see that it has that green background with a one okay just black for me okay and what you're going to notice is it just doesn't meet the criteria right now and the one that actually for example is apple green background with the one that's just it's just kind of computer language for as of right now it's meeting the the criteria but again verify now so that's what it's actually going to look like on a list if we go back to let's say a chart and if i said james what would this actually look like on a chart well let's actually kind of pull up an example here and what i'm gonna do is i'm gonna pull up an example of a stock that and i'm gonna maybe change the color where i think it's gonna be a little easier to see it i think uh cameron was actually on this computer and he likes light and i like dark okay so i'm gonna change that okay now i feel better i think it's just gonna be easier to see so what i want to kind of do is i want to kind of bring up the example of what are these dots so what you're gonna notice is now let's think back okay we got a red candle and then remember i kind of said that sometimes when you get an up candle green it sometimes doesn't always close above the high of the lowest most recent red candle and that's exactly what happened on 6 17. it did not do that okay now what you're now going to see is why on this day did the stock have a green dot underneath it well it closed up above that lowest most recent red candle that's why it's showing that green dot now what i want to do is if you can actually kind of go forward in time what you're now going to notice as we go forward and i'm going to go to the date i'm going to kind of show you this and the dates that we're actually going to focus on is like this day okay we see a down day now remember what i said when we talk about cohold we're talking about probably like short term pullbacks maybe just a couple days and all of a sudden that stock we see the next day it goes up in one day and closes above the previous stays high that's why it's showing a green dot okay close above the high of the low day now if we actually go forward let's say to the next what you're now going to notice is we have a down day red candle down is that behold and we would say no it's not the very next day what you're going to notice in that case okay it's not a cold yet either and if we go to actually the very next day not but why is that green why is that green dot there well that green dot is actually closing above the most recent lowest red candle and that was on the eighth okay so what you're now going to notice is you could actually see the cold on a watch list but you could also see it behold the dots that are actually on the chart okay now let me kind of just say something just really quick the purpose of these dots is i would ask investors hey show me where you would have potentially got in over time and they would say things like ah or maybe act like i never asked the question and just keep talking about something else or change the topic so when you go back and look at a chart if someone said james my entries are a potential to hold set up someone that can historically look back on the chart and see where those dots would have been and by the way that could actually be a point where the investor might have tried to get in now if we do see the whole dots like here and here etc is it guaranteeing that the stock is going to go up no it's just a setup this is like baseball the batter sees what they think is a strike and if they think it's going to start going to be a strike they try to swing at it just because they swing at it doesn't guarantee that they're going to hit a grand slam but they won't hit a grand slam unless they swing they won't hit a grand slam unless they actually or a home run if they don't swing so the whole idea is where the investor is taking risk right to try to actually uh see a potential setup now i want to just briefly talk about the second kind of you if we're talking about stops that are we're talking about catching momentum okay we talked about the first one which was c a hold close above the high of the low day remember we're talking about catching momentum but that's where the price has fallen and it's bouncing back up the second way we can actually see this is also what's called chg that just stands for close higher gap now do any investors here like maybe trying to buy stocks in the morning does anybody like that now as i'm getting kind of some responses on that let's go back to our red color candles red red and then all of a sudden you get a green notice this green color candle is not cohol but the very next day the stock gaps up in price so i'm looking at the close to the open of the candle now the chg that really stands for close higher gap now this is kind of more what you would call like trading or investing in the morning okay where the investor's saying i don't really want to wait to the end of the day and i want to actually maybe look for stocks that are gapping higher than where they closed the previous day so what you're going to notice on this is we see in this case that the stock okay we had an update but it wasn't enough to get behold okay but the very next day there is a gap in the price higher than where it closed yesterday and what some investors try to do is they try to buy that gap now how do they know that it's going to keep going up well they don't it's a setup i'm going to show you that in just a second now by the end of this day was the stock an example of gold at the end of the day was it the answer was it sure was so someone who is actually trying to do this they're trying to actually buy in the morning as the price opens up higher than where it closed thinking that maybe that stock might continue okay so the chg stands for close higher gap they're trying to trade invest in the morning they're thinking could that momentum continue lastly by the end of the day if that stock does rally by the end of the day can the stock actually turn into gold the answer is yes okay let me show you example what that looks like so on an example like a uh close higher gap chc we have an example on the date of let's go back to this eight eight okay so i'm going to zoom in right here so we can see it now type in in the chat is this an example on this far right hand side on that date uh there is that an example of behold yes or no well that's not coho okay what's the lowest most recent red candle eight four was that cohold no it closed out of the day it's a green candle but it did not close above the previous day's high you only had one red candle it doesn't get any simpler than that this is what we call a closed higher date a green candle now if we see a green candle the idea is can that stock maybe the next day do what can the stock perhaps do what gap okay can it gap so now if we actually go forward to the very next day what did the stock do the very next day did the stock open upon this is where it closed and then this is where it opened did the stock gap up the very next day it did now i'm bringing this one up on on purpose so let's say someone buys a stock at 166 in the morning and they said james i'll set my stop below like 163 i got in on the gap and it didn't work well here's the thing it it gapped but it just didn't close higher it probably didn't stop someone out of the trade but it just didn't follow through welcome to the world of entries okay now let's kind of watch and see what happens here okay so someone let's say gets in on the gap the very next day we say what happens man the stocks down the very next day probably not stopping someone else but what we see is a red candle one of them an update and we go forward to the very next day and then what do we see again my gosh this looks like exactly what we just saw which is let's explain we saw a down day red candle we had an update green candle and the stock gap maybe the investor likes to buy in the morning they buy right there potentially now what you're going to see is it doesn't immediately go up it doesn't go up immediately we see another red candle the lowest most recent red candle guess what it does the very next day okay it goes up guess what it actually does in the very next morning closes here and the very next morning it what gaps so these that i circled those are examples of close higher gaps close higher the green candles are where the stock closes higher but it's not enough to be called technically cohold but it's where the next day the stock gaps it doesn't guarantee that the stock is going to go up but if that stock actually does gap and it does close higher than where that red candle is the high of it that's why this is showing it go hold so if you were to see a gap and the price does rally can by the end of the day can it turn into a cohold answer yes okay now is this helpful that we kind of talk about the detail like this now sometimes people say details are important i'm like wait on you the wheel of your car like those little like bolts okay those little nuts whatever you want lug nuts those little nut lug nuts hold the wheel on you ain't going nowhere for very far unless you kind of talk about those little details that hold the wheel on now remember what what we're talking about is momentum entry setups so let me kind of just just get this out right now james wonder if someone sees a stock that is coming down down down down down and they just buy the stock into or on red candles are they buying price momentum or are they actually buying maybe a price level now this is a very important point if someone's just buying the stock as it's going down near a support level and it's just red candle red can a red candle red candle are they buying price momentum or are they buying a price level well they're probably buying a price level where they think that stock could stop actually going down and then maybe start to turn up again okay but that's not bullish momentum that's why we label this session so far catching momentum and we talk about catching momentum when you look at any chart when you look at any chart all of the all of the examples you'll see if i had an hour i could say okay let's look at every stock give me all the stocks you got i'm telling you we could see all the examples if we're talking about a stock that has both momentum all of them are going to be classified into these two main setups now james we said cohold which stands for close about the high the low day and the second one was a close higher gap okay now james right on that twitter sheet if you said james i'm kind of like i like the morning okay uh i like maybe kind of looking for some stocks that might be gapping is there anywhere on that kind of sheet where maybe you can kind of maybe try to screen out uh stocks that might be gapping oh my gosh if i went back to the menu what you're going to notice is there is one that says chg close higher gap where is it it's actually going to be on the market watch tab or you can use on the market watch tab it's called a bullish bound setup just like we talked about and there in blue there's the script okay so it's amazing if we kind of just go back to the place i told you about and you looked at the menu you could probably answer some of the questions now what i'm going to do is let's kind of talk about resistance okay how does how does cohold or close higher gap relate to in this example of let's say breakouts now this is where again i want to kind of get a little technical here when we actually talk about breakouts okay typically we're talking about maybe something where it's a maybe a more of a sideways pattern right and when i talk about like say and i'm talking about resistance and support okay when i think of resistance and support i'm thinking i'm probably like a sweet spot i'm thinking probably one to three weeks okay if i actually said that maybe it was let's say weeks to months okay obviously we're talking about longer term but most of the time we're seeing r for resistance s for support we're looking in the last one to three weeks and over the last one to three weeks there's probably going to be multiple touches in the same area okay now it could be horizontal nature remember just because you have a stock that makes a high does not mean that's resistance that's a major point it's just made a high that's why they call it res that's why they call it a high and not resistance it might over time become potential resistance but right now just made a brand new high so if we actually see where we get highs pull back pull back up again to the previous high and then fall back down we're now starting to get some ideas of where the resistance levels are okay now when we actually take a look at this what you're going to notice is you can also have an example where that stop kind of maybe it kind of falls down goes up down up down up down and instead of it actually kind of being horizontal it's more diagonal i think one of the most important words in the stock market is diagonal okay and that's where the stock has made lower highs lower highs lower highs and if that stock breaks up through resistance now how long is resistance we answer that question when we actually talk about resistance we're talking about one to three weeks okay so if we actually see that we had multiple lower highs that were one to three weeks or longer if we start to actually break out a resistance well now you're seeing that that's a breakout now the question i want to kind of connect here is can you on a breakout can you get a stock that breaks out and it's also doing a go hold as well now what i thought would be meaningful and this will be the last of our examples here before we look at new ones but i think this we need to actually hit a couple questions on it now the one thing is i'm going to bring up and i'm going to you kind of use what i post on twitter and this is your in-class quiz okay so what i'm going to do is i'm going to pull up an example that i did and i want you to give me the answer i'm going to give you a chart of cdw and it says is it a potential cold close above the high the low days or a potential hold with a breakout now i'm going to bring this chart up let's show what it looks like now is it a hold by itself not a breakout or is it a hold okay with a breakout now as i'm getting the answer i'll play the little maybe music what's the answer to the question well if we kind of go back and if i were to kind of look at the last one to three weeks maybe even longer i'm kind of seeing that we kind of had multiple touches kind of in this 182 area would you agree or disagree okay now what i'm trying to connect is when you see a breakout sometimes people think oh that's totally different than kaholt no it's not what you're actually going to notice is you're going to see that right there when we actually are announcing the price get above the 182 threshold what you're now starting to see on the chart is there's also a green circle okay or a green dot so it's a breakout of resistance but it's also showing a green dot so it is normal that when you do get a break out of resistance horizontal or diagonal you're going to probably see a green dot as well now does that mean it's double good no it just means that that's normal okay i can't think of too many breakups i ever saw that wasn't an example of behold as well now okay first one did you did you get that one right now let me actually get four more i want to make sure that we're solid on this okay potential cold close above the high the low day or potential cold with a breakout okay so here we go is it just a coho by itself a potential setup or is it cold with a breakout hmm remember right when i'm saying breakout i'm thinking resistance okay now if i were to kind of go back and look at this what you're going to notice is i'm going to go back and look about the last one to three weeks because that's what we wrote and i'm gonna go back the last one to three weeks and i'm gonna ask myself can i draw any horizontal diagonal resistance at all and boy that 112 looks really well it was really solid until the price actually got above the high of that okay so now the price is above the 112 and guess what why is there a green dot right there okay well there's a green dot right there because the price closed above the high of the low day how would i know what the low day is very simple just going to go back and actually say what is the lowest most recent red candle and we said james it's pretty easy because there's only one of them well in this case what we're what we're going to do is we're going to say the lowest most recent red candle is this and if we close above that red candle that's why we're getting the dot so if you answer this is a potential hold set up with a breakout ding ding ding ding ding correct now let me try to trick you in this last three okay now here's the deal it doesn't matter how far the market goes up if the investor is not comfortable with actually seeing the setups and understanding what those setups might look like then the the dow could go to 100 000 and maybe the investor doesn't even participate in the trend in this class it's called trading the trend so how do you trade the trend if you never got on the trend good question maybe that's why we're pulling something out now let's take a look at this one is this a potential hold okay or is it is it a hold with a breakout now i'm not trying to trick you but when you look at this one can you look back and actually see anything that looks like an area of resistance can you look at netflix and say i see resistance and i would look at this chart and say based upon where we are right here i have like a prior high but i don't really see resistance so the answer to this one is this is just a potential behold set up green dot but it's not like the resistance the first hit okay so the answer to this one is just a hole only okay now let me actually show you this one now potential cohort with a breakout or without a breakout okay so i did this one on purpose is it sometimes possible that you can get a hold even though you're not above resistance yet so where's resistance well if we went back on this chart and said the resistance was 190 well you've actually had one two three go holds near the area of that moving average and so buyers have been trying to buy the stock when it falls down maybe thinking that it might bounce back up and get momentum and break out a resistance so this is a behold by itself now let's say tomorrow hypothetically that the stock then breaks out of resistance okay breaks a boat would that be a breakout and alcohol yes and we said that look show me a breakout that you see that wasn't an example of gold that is going to be more of the minority for sure not the majority okay the last one i just want to check and kind of see if we're on the same page with what we actually taught here today okay now if we actually look at this and the last one we actually take try to ah that's actually uh let me shut something down just real quick as i'm doing that might not let me okay just real quick open okay see if that works i go or have to go around which i will i think it's actually just hidden somewhere and uh we'll take a look at that okay now what uh walt actually says james can we go back one okay i'm gonna try to like for some reason let me minimize everything i got something where it's like hiding you ever had that little situation where it's hiding behind your screen and i think that little tool it's not shown there yeah let me actually just try to take something off for just a moment got to be very careful with force quit but i don't see it there now i'm going to check one more place where it might be because i just need to get the annotation off that's weird i don't see it anywhere just double checking we'll bring it back okay so what was what's the question okay now when you say actually go back one to which one okay i'm just gonna kind of shut anything down that might be kind of causing that okay and i'm gonna bring this back up there we go hopefully that'll fix it now now no it was actually the annotation tool uh that's what's actually really weird it was the annotation tool and uh it's just kind of i think kind of like locked on my screen a little bit and hopefully that will get it off okay because what it actually does is it actually uh stays on the chart so we'll we'll fix that so uh now when you actually kind of talk about going back one let me see if i can't grab that i'll bring that back up okay now i'm just pulling that back up okay and there so the question was actually going back to the previous one if you could uh now what i'm gonna do is i'm gonna kind of bring this back up yeah it's drawing on me i'm not gonna be able to actually bring it back up like it's just uh that's weird i've never seen that do that where it kind of kind of like locks up like that okay what other yeah yeah i actually already did that like the force quit the problem is it's actually not in there so that's what's really awkward is normally you can kind of force quit but it's not there that's what's that's what's interesting okay now what i would like to actually do let me see if i can and uh yeah that's really weird because if you have that annotation stuck on there it actually doesn't allow you to type in yep that's so i know what it's doing i'm just trying to actually find that where it is and on these macs sometimes i can be hidden like behind a different space but i don't see that so any questions i can answer with what we discussed here today okay and as i do that i'm going to check the questions as well so so first off yeah it's so it's actually not youtube it's actually a tool that we use and some of you have asked about that tool it's called vil q and that ville q is like it's stuck open and uh i'm gonna try to relaunch it here and see if i can't get it to just get it to kind of unlock if i can get it to actually unlock then these lines actually come off that i drew okay yeah i did go to applications i i did do that but uh i'm gonna try again and uh let me just grab that last second and if i do that i'm just looking at that but i i work on max quite a bit and i'm very familiar with it and i just haven't seen that do that before okay but the last thing is okay so what i'm going to do is we've got about two or three minutes here i'm just going to see if i can answer questions here so uh the question from doug is why don't i see the hold script among choices in the market watch tab after importing okay so so the first thing is when you actually go to let's say the the the market watch okay when you actually what you want to do is you go to the market watch quotes okay and what happens is right at the very top you're actually gonna see the columns okay so when you import it and i did a video on this yesterday and on that video yesterday when you import it you go to market watch quotes and on the headings if you right click on the headings you're going to actually see where it actually shows uh you can customize you right click on any of the headings click on customize and you're going to see the list of available tools okay and that list is going to be cold and you could apply that so if you look at a video i did yesterday for 60 seconds i show how to put those scripts actually on right on the market watch okay all right other questions that you have uh okay good okay good got that all right now question was uh you're going to italy no i'm not going to i'm going to italy in october 1st of october or so so for the next two weeks i will be out i will post on twitter who will be covering the classes okay so just know that today uh today our focus was to really kind of talk about this example of the holds and chg really want to break that down because really what it comes down to is if an investor is not comfortable in really kind of trading what they really see and they know what they're trying to see to consider an entry then what it really comes down to is it doesn't matter how long the trend goes up because they were never in the trend or they never average or dollar cost average in the trend itself today we talked about bullish momentum when you look go back and look and this is a homework assignment go back and look at any of these stocks that went up as of lately and show or look for examples of those coholds or chg i'm telling you it goes back to those two things now if you do see let's say james i saw a resistance and it broke out well that would actually still be a it is a breakout but it still goes back to the two things we talked about which is kohl now the differentiation is what happens to investors where they just buy stocks in just a free fall or down near an area those investors are not buying bullish momentum they're buying a stock at a price level that's different that's why we labeled today's session catching momentum now i'm out of my time here today i want to thank you so much for your comments and your participation also as brent mentioned in the chat we do have a customized walk through many of you know we actually have an opportunity to actually work uh to schedule a one-on-one session for 30 minutes to 45 minutes with a representative if you have questions about how to use the platform etc there's a link from brent who sent that out thank you for that and you could schedule a time it's free and you can actually talk to them about questions you have about the platform customization how to things like that remember with what we discussed here today was done for educational informational purposes only not investment advice recommendation of any security or strategy with that said stay tuned for our next webcast coming up right at the top of the hour thank you so much

2022-08-22 03:19

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