The ONLY 2 Indicators I use to make $4351/Day Trading

[0:00]There are two indicators I use every single day. They're incredibly simple, extremely reliable, and after six years of trading, these two indicators are part of the reason I became a profitable trader. In this video, I'm going to expose my complete setup, as well as the rules I use with these indicators, and then I'm going to show you guys live real trades, so you can see the execution with live market data. Before I get started, it's just a quick disclaimer, this is for educational purposes only. I am not guaranteeing any results. I'm just sharing my journey, what I've found, and my strategy. So, don't take this as financial advice, this is not financial advice. Now let's get straight into it. We're going to go over my complete two indicator strategy that I use every single day, but keep in mind, guys, trading is not a get-rich quick business. I've been trading for over six years and it took me over two to become profitable. However, using this strategy, I've been able to do some pretty cool stuff, including making over $4,000 today. Let me show you. $4,325 in the day. So, the goal of this video is to show you the same exact simple approach that I use every single day. First things first, I want to show you guys exactly how to set up these indicators. So, here we're going to pull up TradingView and I'm going to delete everything on my chart. As you can see, I deleted everything on my chart. Now, as you guys can see, this is a blank chart. I'm going to show you guys what to do step-by-step. So, you're going to search in the first thing, "volume weighted average price" or in other words, VWAP. Once we have VWAP to your charts, it's going to look very weird. There's going to be these three lines in these zones, but this is not how I use it. So, now, once you're at TradingView, you're going to click on VWAP, you're going to click on "settings". Then, we're going to go to "style". You see how it says VWAP upper band, lower band, band fill? You're going to uncheck upper band, uncheck lower band, uncheck band fill. Stay on VWAP and you like to make it yellow because that's just the color of VWAP, it's got to be yellow. So, once we have our VWAP, that's it, it's simple as that. We click "okay" and we have obviously our extended hours and all that. Now we want to add the other one. The other one is an EMA, so we're going to put in "moving average exponential". So, you can just put in EMA, it's going to come up "moving average exponential". So, 9A, I've said both in videos. I honestly, I've been using the 8, so you go to "inputs", you go to "8", you click "okay". Really no big of a difference at all. And that's literally all you do. So, settings, lengths 8, source close, offset, all this stuff. Style, I like to keep it blue, and then that's it. Now we have the VWAP and the 8 EMA on our charts. Again, 8 or 9 EMA, you could use whatever. So, we have these both on our charts and these are the two indicators that I use. So, now I want to explain what I do with these indicators. So, first off, let's start off with VWAP. VWAP is the volume-weighted average price. What this basically means is that VWAP tells us what the average trading price is for a certain stock. This is always a very big area, so I have a very big rule as well. I never take calls under VWAP, and I never take puts over VWAP. This helps me identify where buyers and sellers are. As well as VWAP is always a big retest spot. So, if VWAP is under the pre-market low, then I'm looking to take puts on a VWAP retest, not a pre-market low retest. Which I'll go over the full strategy in a bit, but as you can see, here, how VWAP is under our pre-market low, that means you're taking a VWAP retest, not a pre-market low retest. Because if it gets above VWAP, you can't take puts. That's our rule. And then the EMA is what I basically use for two different reasons. The biggest reason is it helps me identify when I should sell a stock or not. The EMA can help you catch huge wins because what it basically does is my rule with it is when I'm holding runners on a stock, as long as the stock stays above the EMA on a five-minute, then I'll stay in. So, as we can see on this example, say you took a VWAP retest or something like that, right? You see how it just stays under the EMA, under the EMA, under the EMA until right here? That means you wouldn't exit your position until right here. So, again, you can also trade EMA retests, but those are more than scalps. I like using it better for, um, holding my trades, but you could also trade EMA retests. So, recap: VWAP, you could trade retests on it. It also tells you if you can buy calls or puts, so if a stock's retesting pre-market high, but it's under VWAP, we're not going to take calls on it. If a stock is under pre-market low, but it's above VWAP, we're not going to take puts on it. And the EMA helps us know when to sell or not. You'll also trade EMA retests sometimes. Some of the key lessons to remember with these indicators is that the power of an EMA is absolutely insane, because all you have to do is watch the EMA, watch as the stock rides the EMA and as long as it doesn't get under the EMA, you could hold it, and it's like a trailing stop loss for you, but it's like based off real data, based off the last eight days of market price action. And the VWAP's literally telling you everyone's average price today. Think about how psychological that is, because when people go from up a lot down a lot, to up a lot, to even on their positions, like, what do you think they do? They usually buy more. Or when people go from down a lot to up, they usually think, oh, let me sell. And it just kind of gives you the edge of knowing like, okay, this is the market's average. So, that's why I use VWAP a lot and as you can see, like, go pull up VWAP in any chart. Don't just look at what I'm showing you guys, go back test it. It freaking works and it shows that simplicity is so much more than complexity. So, I will really try and simplify it. And just a reminder, like these indicators, they won't change your life, they won't change your trading, but they will help you navigate the markets a lot. They're very helpful tools and they'll help side-by-side with price action. They really will. Before I end this video, I want to go over one last point and it's that you can have the best trading strategy. You can have the best trading system, you could be the best trader in the world, but if you're not disciplined, if you don't have patience, and if you're not able to win the battle of you versus you every single day, then you're not going to make it. You're not. But if you're one of those people that gives it their all, you wake up every single morning ready to crush it, you deserve to win. It's like you have that feeling. Like I just had that feeling every single day where it's like I'm going to be a profitable trader. I'm going to be a profitable trader. I'm going to be a profitable trader. I will do everything that I could to be a profitable trader. I just had that feeling 24/7, it would never go away. It would be in my head all day. I couldn't sleep at night literally because I would just sit there in my bed thinking, why am I not a profitable trader? Yeah, I need to be a profitable trader. And it would just drive me insane. It would drive me insane that I wasn't a profitable trader. So, if you feel like that, if you feel like you need to be a profitable trader, if you feel destined to be a profitable trader, then don't give up, because that's not just a feeling, but it's a calling, it's meant to be. And my goal is to help you guys learn. So, if you enjoyed, make sure you like, subscribe, comment, and I really, really hope you guys enjoy. Also, follow me on Instagram, link below. Let me know if you guys like these videos like this, and I'll see you guys in the next one. Remember, my goal is to inspire, motivate, and bring you guys closer to God. Love you guys. Peace.