Website Navigation and Learning Steps
1st you will go through the terminology page. so you can better understand the content and the terminology we used throughout the website and in discord.
2nd you will go through premarket notes and EOD notes for the last few days (Either from an archival section of the website or via day trading link).
I also recommend that you read through the Archival section to get a better understanding of how I read behind the chart, extract dynamic price levels in real-time, and distill all the information into a 5-10 min read via Trading Edge Premarket Notes and EOD notes. You also have the ability to print or download premarket notes as a pdf.
Trading Edge Day Trading Notes Premarket will be posted every day in the morning between 7 am to 9.00 am EST. The premarket note is categorized into different sections. It basically starts with a closing remark from the day before, then it gives you the overview of overnight price activity and some key levels of other markets, then it talks about my thoughts for going into the day with some information, then it gives you a trading bias for the day(neutral, neutral bullish/neutral bearish, bullish/bearish), then it gives you a monthly, weekly key level, then it gives you an approximate range for the day, then it gives you some widely used key levels for ES Emini sp500, then it gives you the visual representation of buyers and sellers interested price levels for that day, then it gives you the text representation of same buyers and sellers interested levels in their own sections with some notes for each price levels (support or resistance). It includes more levels then it should be but the market is not predictable or it is better to have more levels there then feeling sorry later. It does not mean that all the levels will get hit on that day but you will basically start with the levels which are closer to the price at that time for that day. The description for each level, its severity (bold, underlined, dotted, etc), its type (support, resistance, dream number, exchange area, etc) can be found under the terminology page. The buyers and sellers interested levels can be either drawn manually by you on your chart or automated way https://rakesh.zeusconsulting.net/visual-price-levelss-r-indicator/
Trading Edge Day Trading Note EOD will be posted every day in the evening between 5 PM to 9.00 PM EST. EOD note is categorized in a different section as well. It basically starts with the premarket notes snippet to have the background of what we were thinking before going into the day, then it talks about entire day’s price activity including good trade setup, why and what reason in the EOD video, then it gives you the heatmap image of entire stock markets, then it gives you the visual image of day’s internals, then it gives you closing remark summary highlighting key levels for the overnight or what I would like to see in the overnight or the next day in terms of price action.
The links for both (Premarket notes and EOD notes) are available under
https://rakesh.zeusconsulting.net/category/day-trading/
Every day, Try to assign a 7.30 am EST to 9.00 AM Est time slot to go through that day’s premarket notes and try to come up with day’s game plan in your mind with some thoughts of potential direction for the day after going through the premarket notes and levels.
3rd you will go through a trading-faq page on the website and read through all whenever you have free time over the period of time. Please go through slowly all the Q/A from this page from the website. It contains some of the Questions asked by subscribers/new members/followers from twitter and discord. (Please excuse my spelling mistakes as I type fast while trading during the live market and chatting with students/subscribers/follower at the same time). Grey color are the questions and blue is my answer. These are the questions asked by students/followers in real-time on twitter PM. Zoom it in your browser if you can’t read. If you simply go through all of them, you will learn a lot. It is a part of mentoring.
4th you will go through discord #new-members and #rules channel messages. it contains very useful information about my trading style and some rules.
5th you will continue to listen to discord voice channel and during the day time, you will only trade sim/paper/demo account or emini micro live for the first few months at least at the minimum if you are new to trading or not profitable consistently.
6th you will then visit day trading guidelines page after few days to have some trading guidelines or you can visit this earlier too if you want.
7th You will continue to go through EOD and premarket notes from the archival section to learn more from the past notes every day in your free time.
8th you will also continue to do your homework by going/reading through every day’s premarket notes before the market opens at 9.30 am EST. Ideally, you should be done by 9 am EST.
9th you will go through market pulse page on the website once every week on Sunday to just have a glimpse of what is going on at a larger scale. I usually update that page every 2wks or sometimes every month depending on the price action in the larger timeframe. If you are active in discord then you may get the same info in discord too sometime.
10th Optional, you will find a long term view of GOLD FUTURE, OIL FUTURE, SP500 FUTURE along with key levels under the long term analysis page of the website and you can find also long term levels for the few of the stocks. Stocks are only updated when needed as i am a long term investor. That being said, I am not monitoring stocks on a daily basis. If you see monthly levels (pink lines) has been breached, let me know & I will update the charts. Pink – Monthly, Yellow – weekly, White – Daily S/R & green is the exchange area. I will continue to add more stocks here as and when I get time. & I need participation from you by giving me the stocks to perform analysis for you. No participation means you are not interested & I won’t update this page frequently.
Discord Text Channels
please visit #new-members and #rules channel messages. it contains very useful information about my trading style and some rules.
#resource trade ideas channel is for posting your question etc and it is the most active channel during the day.
#live trading is my individual channel where I put something. Only I can write something there. You can only react via emojis.
#resources-charting-platforms is the channel to discuss the various trading platforms, sharing trading workspaces from different platforms, indicators, any platform-related questions, etc.
#dream-numbers is the channel dedicated to me for posting only my proprietary dream numbers for the day which is available for all the group members daily before 8.30 AM EST.
#reading-books is the channel where you can share your books related to trading or any book with other members.
#member-introduction is the channel where new members will introduce themselves to the group and it is very important for everyone to know everyone to have the long term group sustainability.
#resources-general is the channel where any member can share any Trading related educational material, youtube video, etc.
#premarket-recording is the channel where you will find a recording of my entire day’s speech from the voice channel. This is very useful if you are not available during 9am to 4pm EST (If working full time) and later on if you want to listen to my live day trading commentary for the given day. Thanks to AL for his service.
#social is the channel where any member can share their personal stuff (family photos, food pictures, or anything non-trading related).
#feedback is the channel where any member can provide feedback about my teaching, me, or my service.
#Observation is the channel used for only posting proven observation by members.
#singaltesting_noncontextual is the channel 100% managed by me and started on 6/8/2020 for a trial basis to post signals based on various things that i am testing it.
#scalper-system is the channel 100% managed by me started on 10/09/2020. This is my new 10/09 manual system going live testing 10/12. Min contract: 2 required. 2 to 2.5 stop, 3 pt 1st scale, 8 pt target. After 1 scale, move stop loss to breakeven or breakeven – 2 tick for 2nd contract. DO NOT START USING IT. I am putting information here for my recording purpose – after 1 month i will know the correct result. It does not require reading or any bias. However you are observing it and if it entries fits with your thought process then you can use it at your own risk while i am testing it out. During RTH hours, i will post the siganls for this into #signaltesting_noncontextual channel and EOD, i will transfer it into this channel.
Discord Voice Channel
Voice chat starts at 9 am EST under #live voice channel and runs through 12.15 PM EST for sure and after that, it is random based on the day’s context and price movement. I may come in and out. So it is important that you leave the voice chat on till 4 pm EST. 12.15 PM EST to 1.30 PM is a lunch break time and I usually prefer to avoid that time for trading = voice chat is most likely off during that time.
#voice channel:- 9 to 9.20 am EST, I usually walk you through the likelihood of possible scenarios for the day, do’s and don’t for the day, an overview of overnight price action, an overview of other markets along with ES and other market’s key levels, etc.
My Trading Edge Chart Setup & Trading Edge Tools Suite
I only use Tradestation for my chart and day trading. I also use thinkorswim on the side for my personal strategy testing. I do not use any indicators per se.
I do not use market profile, order flow, time and sales, elliott wave, ichimoku cloud or any other widely used stuff. I have 24hr vwap, RTH vwap, market internals (NYSE Advance/Decline line or AD, NYSE TICK), 24hr Midpoint line, and RTH midpoint line in my chart. That is all I use.
You can google on “Market internals” to find out about them. E.g https://futures.io/articles/trading/Market-Internals. I only use AD and TICK at a very high level to gauge the strength and weaknesses of participants. I do not use them to initiate the entry per se.
https://www.daytrading.com/vwap (You may gain some understanding of vwap here. I have it on my chart but I do not use it always. I keep it to read other trader’s emotions. The same thing is true for the midpoint line.
My TradeStation Chart Workspace With TradingEdge Intraday Tool Suite
My Chart Workspace and Tools (ELD files), if you are using TradeStation. Others are selling this stuff for $200.00 or more. Here you can have it for free. (see below. You will have to request it via my personal pm in discord). It contains 5 ELD files and one workspace.
_RS_IBRAN*****.ELD
_RSTRADINGEDGE_HLM****.ELD
_RSTRADINGEDGE_PR*****.ELD
RS_VW***.ELD
VW***.ELD
StudentWorkSpace.tsw
It is only available to Trading Edge With Discord Level 2 subscription members (After 2 months of service Or He/She is my twitter follower from last 3 months atleast or if i like you then i will send it right away). All you have to do is unzip the contents and import all the ELDs into TradeStation and then copy the student workspace into C:\Program Files (x86)\TradeStation 9.5\MyWork and then open the workspace into Tradestation -> File ->Open workspace route.Keep the 2 minute data limited to 5 days only. Do not load more then 5 days of data or less then 5 days of data.
Widely used platforms by our members
Tradestation, Thinkorswim (TOS), Ninja Trader, Sierra Chart.
Price level Visual S/R indicator
To automatically plot our buyers and sellers interested level on your chart for Ninja Trader, ThinkorSwim, and Tradestation.
