How to Trade Stocks without Indicators…
You also learn how we read price action without indicators, other than moving averages. We also discuss how to read price action, so you can anticipate volatility.
The members of the game plan meeting have been stalking UA for about a week. We did not know there would be an upgrade but it was on our list of stocks to watch for a potential spike in volatility.
When we identify a stock that meets this criteria, if we get a trend, the game plan is to anticipate an intra day trend. A contraction in volatility leads to an expansion in volatility. The key is to not guess when it will happen. In the meetings we are clear to let the stock tell us when (after it meets the criteria), then hop on board.
Even after the large gap this morning in UA, there was still a very good trend day (see chart below).
UA Chart from the trading game plan video:
Video Replay: Pre Market Game Plan Meeting[hide_from accesslevel=”game plan meeting”]
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