Why Prior Highs and Lows are Essential for Day Trading 💥💸💥

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Why are prior highs and lows essential for day trading? Why are they so key? How do you trade with previous day high and low? The first thing is that everyone sees them so there is opportunity. As such it is a group vote on value and a reference point for strength or weakness. Lastly, great trades can be made around these levels and also they are useful for targets. OK.

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[jle]

This is very applicable to swing traders. We will take trades on breaks above previous day highs for indication of demand exceeding supply.

[RayJohnsonDJ]

I also have high and low of the week on my chart too, awesome video as always.

[ShutupPavs]

Loved this! All my charts have previous day high and low.

[eleonorael]

Mark, you know what I think: you are the greatest teacher I ever met..well, make for me and for those Like me that video about how the lif's events influence US in trading....tilll now what I asked about: intuition and the lack of confidence got a HUGE response in other people

[Gadasaa]

Learning a lot from your tutorials. what timeframe is the best for intraday trading? For me, 5 minute candlestick seems to be more effective than 1 minute at predicating the direction.

[axelhippocrate]

Prior Highs and lows work so well on Tesla when you fade.

[ukspreadbetting]

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[caroline]

Truly grateful for all the knowledge you share. Sending lots of blessings!

[remember]

Knowing how much money it's actually takes to move the market will make see that no single person can actually move the market but institutios can df

[etomedo]

Thanks so much for your clear explanation.

[MartinJG]

2:15. Yep. Remember the guy who deliberately paid the highest price for crude when it was touching all time highs a few years back so that he could proudly hang the certificate on his wall :).

[MA-bmqs]

they are so important for brokerage than retailer, :-)

[k.sagzee]

From a swing trading perspective, which highs/lows are better, daily, weekly or monthly? Thansk

[tayiwohngongho]

Hello, I am very very excited to place my first trade using this strategy, I would greatly appreciate if you give me the time (in UK time) the daily candle closes

[laurenth]

So, what about yesterday's EURUSD business ? who cached the move ? Anyway, i noticed the day was weak, we had a strong down move prior to the news, the CPI, and core CPI. But so, my mistake came later, as the pull back went so high, and at each level i was selling, but it went higher so i was surprised and caught of guard. We had to wait the US opening session i understand, for going down, ok but at this time i was completely lost already, because, i watched 1&2 minute chart and anyway, the price action had all my attention so that i didn't watch any indicator anymore... and then i had to leave the computer at 16h of course the most important moment ! what a mess !

[elly-]

Listen, guys, I am stuck in the problems, I mean Life problems, I am having problems everywhere: with the owner of this home, with the new destination, with those who had to move me there...There is a thing: I DON'T SEE THE MARKET IN THIS STATE....but even less: it began to be like the last winter: being in problems, I can't take a risk....SO....how may times more I have to ask Mark and you to make a decent video about how our outside life is influencing us in trading???...Because that really does count!---I mean I am again in that state: I go out to make a grossery or other commission, and every time it's 200 EUROS, but I am again freezing only to risk 100 USD...do you understand??? It's psychological!

[kssmm]

He sounds like a tradingview commentor

[laurenth]

I always wonder why trader David Paul was loving the ema(89) so much.... yeah. EMA(89), the only one he used. Anyway, leaving all indicators as default is not good, as Pring says, 14 period is only justified if you are trading on 2 weeks loop back.