and exactly what I expected to happen happened. You can see I just got this extra limit order filled, which brought my average price probably somewhere around here, where all I needed my take profit to be would be a little turnaround at this point and was able to close out for $1,283 today.

I'm going to take you through an entire live day trading session and not only am I going to show you exactly how to set up all of the software tools and things that I need for my trading, but I'm going to be walking you through exactly what I see when I find these trade setups, how I take them in real time, and more importantly, how you can start using these tools and resources for your own trading.

Okay, I'm going to be fairly aggressive with my trading today. I'm now currently on a 20 trade win streak, so we're going to hopefully keep that going today.

So if all goes to plan, I should be able to make over $3,000 just in today's trading session.

Okay, I've already made a ton of videos on the channel talking about these same Concepts, so I'm not going to go into too much detail on each tool, but if you're at all confused at the very end of the video, I'm going to give you a boil down checklist and resources that you can use to learn how to apply them.

So if that sounds good, make sure you hit the like button on the video to support us, subscribe to the channel if you like trading and investing, check us out on Instagram and Discord as well.

We have an amazing trading Community, but for now I'm going to grab a cup of coffee, we'll start the trading session and we'll see how much money we can make today.

All right, we're good to go. So I do already have one trade set up, but I want to show you how I'm approaching the market each day at the very beginning of my day.

So there's a few ways I'm going to do this. So the first thing that I want to do, considering I'm trading cryptocurrency, is I'm going to click on the Bitcoin chart.

I'm going to go out to a larger time frame and I'm going to see generally where the market is trending, whether it's moving generally up, generally down, and what something called our daily bias is showing us.

All right, so as we can see, this previous trend has recently, in the past about 2 week period of time, broken to the downside and now we've been sort of trending in this downward direction.

Now, if you've been following the channel for some time, or if you have no idea what I'm talking about, I'm going to show you a little bit on how I'm anticipating where the general market will move for that trading session.

And then we're going to take a look at really, really small opportunities that align with those sort of ideas that allow us to flip profits really, really quickly.

I'm anticipating, based off of the overall sentiment in the market, that during this trading session we could continue to see the markets push higher.

Okay, another thing that I'm considering is how I can read this current trend here. So if you need more information on this concept, which is called Elliot Wave Theory, I'll link a video right here for you, but otherwise, I'm just going to go over a really simple analysis to show you why I'm picking the daily bias and then we're going to get into our trade.

So first thing that I'm doing is finding this trend right here.

This is what I'm going to be evaluating. The second thing I'm going to do is just count how many times this trend has chopped around, okay?

So we have a movement, 1, 2, 3, 4, down to five, and now we're getting something called an a, potentially B up to C movement, okay?

I can confirm these levels with something called a trend-based FIB extension. So if I click at the very beginning of the trend, down to this lowest point before it had another pullback, I can then see, based off of using Fibonacci projections, if this is most likely a bottom.

Now, this isn't matching up perfectly with this 2618 value, which often times will anticipate the very end of a trend before getting a new move to the upside, but we did get consolidation off of this zone, and now we're running into resistance on the daily time frame of this 200 day moving average, okay?

So it's not super clear which direction we're going to be going today, but what I do know based on our economic news from yesterday, the CPI data, which shows us the rate of inflation, seemed fairly bullish for crypto, which has sort of slowed down this cascading selloff in the market, which is leading me to believe we could potentially continue to see some bullish movement in the market.

Okay, so sort of what I'm anticipating is a slightly higher move up and then a corrective move down, and that's what I'm going to be trading for the day.

Maybe this happens, maybe it doesn't happen, but what I'm going to do is try to take one long where I want the market to move up, I'll be able to make some money off of that, hopefully.

And then I'm going to take an aggressive short to the downside if I can get this technical response on my larger time frame on Bitcoin.

Okay, so the second thing that I'm going to do is pull up all of my software.

So you'll see on my screen here, I have my TradingView, which is where I'm doing all of my charting.

I have my exchange pulled up here, and then I also have my Notion pulled up, which is going to give me my daily trade plan.

This is going to give me all of the steps that I'm going to be checking and following during my trading session.

So this is sort of what we're chipping away at right now. So checking for important events, I already looked at the economic calendar that I just showed you.

For the style of trading that I'm going to be doing today, we want to sort of avoid getting into the market when there's crazy unpredictable stuff going on, news coming out that can move the markets like crazy, because what we want to do is just get in and out of the market with slow, choppy price action, and this will make more sense as I show you me taking these trades.

Okay, second thing is the daily bias, which we just set up, short-term bullish, followed by potentially an afternoon selloff.

That's going to be my trade thesis moving into the day.

Third thing is setting up the tools, which is what we're doing right now, and then the fourth thing is going to be checking for trade ideas via either smart alerts or just our own analysis.

If you don't know what smart alerts are, we basically have algorithmic generated ideas in our Discord community.

for absolutely free, you can click the link below this video to join in and start playing around with that while you're watching this video or after the video, totally up to you.

But that's going to be our next step. You'll see I have my exchange pulled up. Okay, we have our calculator pulled up and our Discord pulled up as well, where we have our smart alert trades.

You'll see as of recently, about 9 minutes ago, we got a TCL opportunity on ADA to the long side.

Then I'm going to go over into my watch list of all the favorite cryptocurrencies that I like to trade with this system.

And if you want to create a list for yourself, just go into this button on TradingView, click this drop-down menu, and then hit create new list.

You can title it whatever you want and save all your favorite trading pairs. All right, so I don't really like to trade ADA, but there isn't a long signal being sent out, so I actually found a trade earlier on AVAX that I've been watching.

So next thing that I'm going to do is switch over to my 3 minute time frame and as you can see, we actually just entered a long position here on AVAX with our first order filled.

Now let's talk about the actual idea behind this AVAX trade. So what I'm trying to do with this style of trading is find an established trend that isn't over exhausted yet, be able to find little dip buys into this trend and play continuations as the trend continues moving up.

As you've probably seen in some of my other videos, we then use this Fibonacci setup to give us all of our order prices and the idea is to wait for the volatility of this gray zone, which is the New York session to close out.

And the goal with the system is essentially to use all of our tools to wait for a pullback in the trend, get long at either this level, this point, or this point, and have a reversal up in this direction to be able to take profit on the trend continuation.

And if it does end up reversing, the calculator should be able to give you a good opportunity to get out of the trend and then be able to take it in the opposite direction, which is exactly what I'm hoping AVAX does today.

But let's talk about actually setting this trade up and how I found it. So we're going to need a few tools. The first thing that we're going to need is something called an IT Foundation indicator.

Now, this consists of two, really three, major components. First is going to be this gray zone, which once again is going to show us the volatility area that we like to avoid during the New York session open, okay?

And the second thing is are these moving averages here, which is the 20, 50, and 200 day exponential moving average.

Now, there's a few things that we look for when I'm looking for a trade.

First thing that I want to see is a previous trend broken to the different direction where now we have a fresh trend that's going in the direction that we're trying to trade, okay?

So that's number one. Number two is avoiding this New York session. We've checked that off the box. Number three is all of these moving averages showing either green if we want it to go up or red if we want it to go down.

So you'll notice when the 20 is over the 50, over the 200, which happened right at this point, all of these switched to Green, which is showing us generally the market is bullish and we likely continue to move up.

All right, so once we have our trend for the day, the next thing that I want to do is mark off during this New York session, the high and the low point and see which direction the price breaks first.

So we'll see in this situation, this was the high during New York, which we comfortably broke over and now we're starting to retest this exact level.

Okay, so once we have that, I'm going to find the most recent low before we got all of our moving averages to agree on the color, which we'll see is this low point here.

Then I'm just going to click over on this tool called the Fibonacci retracement, which you can find on TradingView, and I'm going to click from this highest point before we start to get a little bit of a turnaround from here down to our low point right here.

And so on this FIB, we're going to be using the 0.05 as our stop-loss, the 618 golden ratio of a FIB as our entry, 38.2 as one of our dip buy levels, and 17 as our other dip buy level, as well as the 1.1272 value as our first take profit zone.

Okay, so you can see we just got our first dip buy filled right here at the 61.8, which is why we're in this position currently.

This is going to be our first dip buy, second dip buy right there, our stop loss value, and once again, our take profit value.

All right, but on this trade, I'm doing something a little bit differently.

So statistically, I've noticed that what happens normally with these trades is the price will actually come down to this first dip buy zone and then eventually trade all the way up to our full take profit.

So for this system, I've set my take profit off of this zone.

still at my original take profit level. So for this trade, if this goes in our favor and fills this dip by limit to before our full take profit, I'm going to probably lock in a lot closer to around $4,000 in profit.

And then if we do dip lower down to the second dip by level, I'm still going to get out at my next normal limit order.

Okay, this is something that I've done based on my historical back testing just to be a little bit more aggressive on this trade.

So we're going to see if it works out. Now, this is all being done automatically with the use of this calculator here, which you can get in the description of the video on this Notion page, which is a free resource that I put together for you guys.

So you'll see I have general education, all the indicators that you're going to need, so the IT Foundation, all of the others, as well as the trade calculators that I'm using in this video.

Okay, so specifically in this video, I'm using this one, so you can click on the link, create a copy, and start using it for yourself.

But the beautiful thing is now that I've entered this trade, everything is set up automatically. We've determined the best price action with this system.

We're avoiding really, really sharp moves up or down. Okay, see how this move was really, really choppy. This is going to lead me to believe that if there's no major catalyst in the market, even if this does chop down, it will probably continue to repeat this style of price action over here, which is all I need to be able to get out of the trade.

And I'm going to update all of these levels here to show you where the trade averages move around so you can understand a little bit better on how simple the system really is once you actually understand it.

Okay, we are getting a little bit of a turnaround here at this support level, which you can also see was the high during the New York open, so I've set my orders and now all we have to do is manage the trade and update my tracker, which is right down here.

I'm also going to show you how to use that in a second once this trade starts moving in either direction.

Okay, so we're still at break even and now we just have to wait to see if we can make this a 21 trade win streak and lock in right around $1,000 on the first trade.

All right, so we got in and out nice and quick on AVAX. I came back to check the charts and saw that we hit full profit.

The candles are absolutely ripping to the upside right now, so this would have actually gone full profit and would have been like $55,000 in profit.

Okay, something that I do watch for is you'll notice right here, if we go really, really close into this chart, this price action came very close to filling our second dip buy, but missed it and then reversed.

So often times when that happens, it technically means that the idea of the trade came to fruition, but we're still in the position.

A lot of times these moves have led to losses on my chart, so what I did is allowed for myself to get a little bit more move out of the market and I went and took profit into this pocket of resistance that I saw right in this zone, and we locked in $1,300 on this trade.

Now, once again, had we have held until this point, we would be up probably $3 to $4,000, so a little bit unfortunate, but I think I played this one pretty smart.

So now all I'm going to do is log the trade information in my trade tracker now that we've traded and managed and now we're going to go ahead and find another trade setup after this okay so we input the date today is Friday setup was on AVAX this was a TCL Max on a 3 minute time frame we were longing the market this was a win on limit one once again total P&L so now we're up $1,300 okay next thing I'll do is open this card up take my screenshot and drop it right into here that way I can look back and refer to the trade and now I can generate a new trade plan I'm assuming this is a long also would have gone full profit considering the move that we just got in the market overall so even though we could consider the market to be semi- bearish based off of the daily analysis this thesis is right now I could potentially look for a flip in the market so normally I would look to take another trade continuing to follow this trend but what I don't like is the fact that this price action here is all really really far away from these moving averages which means that this price could very well whiplash all the way back down and that's once again not what we're looking for for I really like this choppy price action okay this is not something that I'm looking at now I'm going to go and look for other pairs that we could potentially trade all right so I'm starting to see a trade setup here on APE the reason I really like APE is because if we look at other pairs okay on something like Solana if I were to take this swing to this swing my 200 day exponential moving average is really, really close to the end of that range, which means the price is now more likely to suck down to this overall average that it tends to follow over time.

Okay, so if I want to trade something to the upside, I want something where the support is going to happen a little bit higher.

All right, so I finally got the selloff in the market that I was looking for trading into the afternoon session, and so right now I have a short position set up on Solana and I'm going to attempt to trade this down to the lower range down here.

Okay, what I like to see with this trade is for the past pretty consistent amount of time, we've been trading with these lows never breaking a new low until this point where we had the price action break, break underneath both this trend and this trend, now trading underneath that level.

So even if this is to come back up, the price will most likely now take this previous support zone, trade underneath it and consider it resistance to be able to get us to have a sell off in the market.

Okay, additionally, what I like to see is that at my specific entry point right here, this is a heavy pocket of previous support and resistance.

So we have resistance here, support here, breaks down, tests it as resistance, resistance, support here, support here, we break underneath it and now we're testing potentially as resistance to get a pretty significant sell off down here.

What I don't see being a probability is for this to break straight up over this high and stop us out of the trade. So into the afternoon session, I'm playing this move in the market here.

So now we just have to wait to see if we can get filled and lock in another $1,300 into the afternoon session.

All right, so we are short here on Solana once again. I'm being aggressive with my targeting.

So if we do fit our secondary limit here, I'm still going to be targeting a big selloff into the afternoon session.

Okay, I have reason to believe based on our macro analysis of Bitcoin that we could have a pretty big selloff into the later session, so I really want to see this reattempt the underside of this overall movement and then end up having a failure later into the session.

All right, so checking the update on the Solana trade, we were able to get out for a limit to full profit on this trade.

Now, once again, our thesis on this trade was to play on the underside of this overall trend, and exactly what I expected to happen happened.

All right, so basically, once we get this second limit order filled, my average price would go somewhere up here.

Take profit would be at this point. You can see I just got this extra limit order filled, which brought my average price probably somewhere around here, where all I needed my take profit to be would be a little turnaround at this point and was able to close out for $1,283.

All right, so going over to my trade journal, once again, this was the second trade of the day, another win, $2,583 and puts us at a 22 trade win streak.

So the beautiful thing about this trading process is now I can just take this to the long side again overnight.

Now, the reason I'm interested in doing this is because I do think this is possible that we will get a sell off in the market, but because there's about 3 more hours until the London session open, we should be able to get a quick pull down in some sort of a reclaim in this area, we should be able to get us out fairly quickly on this trend.

So I'm going to go ahead and set up a position now here on Solana to take along before I head to bed.

My EXACT $4,246 In A Day Trading Strategy - (LIVE TRADING CRYPTO)

My name is Craig Percoco. I started this channel back in 2015 to document my journey dropping out of college at the age of 19 to pursue my dream as a day trader. From years of trial & error, mistakes and learning, I have used this channel as platform for me to not only document my journey, but to share my trading & investing knowledge with you all.

My EXACT $4,246 In A Day Trading Strategy - (LIVE TRADING CRYPTO)

My EXACT $4,246 In A Day Trading Strategy - (LIVE TRADING CRYPTO)

Scripts