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In today’s episode we interview Zee about a trade he made on BIG using the 2 minute chart. He starts his day looking at stocks gapping up or gapping down which is how he found this name. He recognizes that 33 and 34 are important levels. Once it approaches 33 he starts watching the level 2 to see if sellers are stepping in. After a few more candles form, Zee alerts the cliff that forms. Using previous candles he determines his first target to take partials is around 32.50. After a slow grind down he finally gets his partial shares off. After a little more time, he eventually gets stopped out. He set his stop loss level based on grandma at 32 dollars.
Zee takes another trade based on the break of the 30 dollar level on another day. We see that it has a quite obvious level of support at 30.11 . He wasn’t the fastest on the trigger for this trade but he still traded it to the down side. Using the previous high method we see he has another winning trade.