Mapping Out Trades Is EASY With Moby Tick

Okay, so here's Tesla. I've got 2 charts. The left side is the 5-minute and the right side is the daily. So we're always looking at both when we're mapping this out to get our information for the day. Now, if we look at the daily chart, what I have is, is I've got a trend line here, and you need a minimum of 2 points to make a trend line. And so this here where we closed on the previous day, where we closed on Thursday, We actually tagged this, closed above it, and then here is some support. We look left as well. So that was, that was kind of good as a support level. And then on Friday when it opened, we actually touched our trend line and then moved up. So that's really good. But we didn't have this candle at the time. But what we were looking at is we were looking on the daily chart to see where there would be support and resistance as well. And so, but we do map it out on, on both sides. So let's switch back to our 5-minute chart. And we'll have a look at that. Moby uses a combination of 2 different types of pivot points, and they're very helpful. And for those of you that don't know about pivot points, well, they originated in the early days of floor trading, particularly in commodities pits and the exchanges like the Chicago Board of Trade in the mid-20th century. So, you know, in the '60s and stuff, it was pretty important, and floor traders needed a quick, reliable way to identify potential support and resistance levels for upcoming trading days. Based on the previous day's price action. So essentially what you would do is you could have 5 levels of support and 5 levels of resistance, and then you would have this pivot in the middle. And the pivot just really meant if we were above the pivot, it was generally bullish, and if we were below the pivot, it was bearish. And the pivot is calculated by taking the high, low, and close of the previous day's candle and dividing it by 3, and then that's a permanent line. So And although these change every day, they're specific for the current day that you're trading. Now TradingView, these ones actually don't show up until the market opens, right? So anyway, Moby solves that problem by giving it to you pre-market. But what I wanted to show you here is I took the pre-market high and pre-market low. Now when we mapped this out originally, I think I did it around, uh, 5:30, maybe almost 6 o'clock in the morning on Friday. So we only had up to here. We only had these few candles here. So we had looked at the daily and it's like, okay, well, it might be better on the longer side to go long, but we also need to map out a bearish trade as well, just in case it doesn't go our way, right? So here what I've said is, well, we're bullish above 385, and when we look at these pivots here, although these ones should be all the way to the left, I'll show you that in Moby. We were bullish above 385. So the other thing that I want to talk about as well are actual psychological price levels, the dollar levels, the 250s, the 5s, things like that, because we used to trade in fractions all the time, and technically we still do even though these are decimals. So we were bullish above 385, and we need— with stocks like Tesla, we need some room to move, right? So I'm looking for At least two, three, four dollars or more. And when we see this available, I just call these kind of pockets, right? So if we were bullish above three eighty-five, it's like well, I'm going to look at these dollar levels: the three eighty-seven fifty, three eighty-six, three eighty-eight. And then, but look how accurate these are. These there's there's two right here together. And this this dashed red line is the previous. So we if we look left. If we look left, this is the previous day. This was the opening price right here, and Tesla stayed below the open for the whole day. But what we did, looking at the 5-minute, is it kind of meandered, and then the next day we broke up. So anyway, tested these pivots, came down to the master pivot here, this purple one. So this was actually got rejected here first time. Came down. Now this is a great setup because we tested the open, tested the pivot, broke above one of these other ones, and then broke above this one again. So these are all support now. We close above it. So this got us back in at 385. So we could have taken this here, been cheeky all the way up there. You can take that one for sure. This one here was a great entry. And then we were bullish all the way to 392.50, and we made it up here past this R1, and this candle closed— the high here was 392.19, and then this moved up. And notice how we were getting away from these moving averages. This red one is the 4 exponential moving average, and this red one is the 8 exponential moving average, and I have those on my chart for shorter Dynamic trend, and as they're like rubber bands, as we get further away from them, then they can come back to the norm. Right back to the back to this. So and with so we see that this came up all the way up here to 397.50 almost pulled back, and then we started going. So there's other opportunities to get in if you missed this one. There's this candle. We had this. Now hold on to your hat a little bit because this was a little— this could have been a little bit scary for you because our stop-out would have been below here. But that's a good entry point, and this came back, and 25 minutes later, even if you missed this, there was another opportunity. And we come back and we're riding the 4— the 8 exponential moving average. This 399.30, banged our head on that 1, 2, 3 times and then took off to the next one, 401.37, dead stop. This R2, it's labeled there, 401.37, and then it just continued up. So we're not getting out of the trade essentially until we wind up closing below these. This might have got us out here, 404, but then it turned around and this The end of the day is a little, it's a little crazy, but this, this one actually pulled back and then engulfed and then moved up higher. So these are my short-term trends that are here. This green line is the 15 exponential moving average. So how I'm calling these out is due to psychological and major price levels. So let's have a look at those price levels. So we used to trade in fractions. So for example, If you bought something at $93 and an 8th, $93 and 3/8, $92 and a half, $5 and a quarter, $6 and 3/4, you know, so these become decimals. So when we switched over the decimal system, you see these as major levels. The 12 and a half cents is an 8th. A quarter clearly is a quarter dollar. 0.375 is 3/8, half dollar. 62 cents is 5/8, 75 cents is 3/4, 875 is 7/8, and then you have the even dollar. So those are for smaller price stocks. Like if you, if you're trading something that's say, you know, a $10 or $20 stock, these are quite important. So as we get to the higher price stocks, they can be multiples of this as well. $1.25, 1250. $2.50, you know, $37.50, $5, $50, $500, $5,000, $62.50, $62.50, $75, $750. And then the next thing that we have here is some larger price ranges, $2.50, $5, $750, $10, like we discussed. $2.50, $5, $7.50, $10. So all of these, and as we get, say for example, you have a $3,000 stock, well, $3,125 is a big deal, $3,250. And if you're trading Bitcoin, it's $100,000. So we just use that sort of thing for major levels and the dollar levels as well. So when I show you something else on the chart here, TradingView does this quite nicely for you. When we're looking at Tesla here for the day, this is showing us that it likes the $2.50 levels. If I zoom in a little bit, there's the $2 levels. Now this is quite helpful because we look— when we zoom in a little bit, it's telling us that it likes this. Look at $388, then there was $390, which actually happens to be a $10 level. And a cam and a pivot, $392. And you see this, these dollar ranges, then we get up to $399 and then $400, $402.50. Did we do anything there? Ah, we bumped our head on that 3 times, $402.50, before we took off. And so we're keeping those in mind as targets as well. So When I called out for Tesla, $385, $386.25, that's a dollar and a quarter. $387.50 is $2.50. $390 is an even $10. $392.50, right? Because that's what we're looking for, are those sorts of things for support and resistance. And so that's, that's quite important there. So let's go ahead and look at Mobi together. Now Mobi, although it's the, the weekend Pre-market, Moby shows you all of this stuff. Now, the other thing that Moby does for you is because we're trading along with the whales, with the institutional trades, we need to see where the whales actually have their positions. And here, these are recent. So the previous day there was 559,166 and 237. So this was at 379.28, 381.29, and 381.65. So we were bearish below 381. Originally, we had to get below these prints. But look what actually happened. This is all the pre-market. So we were hovering around these these prints. We came up. We came back. And then so after the before the market opened, this is 715. That's not bad. But look at here, right at 855. We hammered on this print, the 600K. The other thing too. Is this candle here with increasing volume right at the open? We came down, tagged this 600K print, and we were off to the races. We came back and tagged another one of the prints, so they can become it. They can push it up, come back to buy more potentially, and then and then add to it. So when we're looking at these, these are all of the pivots that we have in Moby. So my orange ones are my Person's pivots. My green ones are my my cams, and then this purple dotted line. This is actually the the pivot, which you know the high low close minus three. So usually we're bullish above that and bearish below. So I really wanted to share that with you, and so hopefully you find that helpful. And if you're interested in Moby Tick because it's very easy to find these trade setups because what we actually do is we have a pre-market volume list. Because volume gets rid of all the fake crap, right? Because if something is very light when you're looking, it's like there's not much volume. If you look at the bid and the ask, there's like 20-cent spreads, things like that. There's no volume. That can fake you out because as soon as you buy it, the price is going to go down. They're looking for a sucker. But when you have lots of volume, like 100,000 and higher pre-market, then it's not fake. The stock is actually gonna move in some direction. And so we're mapping it out, we're ready for it. We've got 2 a day and we're doing really well so far. So anyway, like and subscribe, leave some comments in the section below. If you'd like specific videos made on anything else, let me know. There's more and more content coming every day. So happy trading everyone, and we'll see you next week.