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Channel Trading with Moving Averages
Specs: 21 mins, 39 secs | 10 MB
  Full-time trader Joey Massarelli has found several patterns that over time he is able to recognize as profitable opportunities. Here we talk about how he uses moving averages over several key timeframes to trade within channels. He talks about how he looks for breakdowns and breakups within a chart, how he uses Gann theory to find pivot points, and how Fibonnaci levels help him find exit and entry points. He trades very large size in SDS (UltraShort S&P500 ETF) and SSO (Ultra S&P500 ETF long) almost exclusively. Listen to our discussion about timeframes and what he's looking for in terms of probabilities before he will enter a trade.

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Channel Trading with Moving Averages


TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Welcome to our members and thanks for joining us for another interview this week. As always, we're going to be talking to these traders that we interview on a weekly basis in order get an idea of how they approach the markets and maybe get some ideas for ways that you could add some of their strategies to your own repertoire as well. And today, we're going to be speaking with Joey Massarelli. He is a trader and we're going to talk to him about how he approaches the markets. So, Joey, thanks very much for joining us on the show today.

Joey Massarelli: Thank you very much for having me.

TraderInterviews.com: Well, so how did you get started in the trading business and how long have you been doing it?

Joey Massarelli: I've been trading probably at ballpark, my first trade was 20 years ago. I started young, but I would say that I started to get a little bit more serious about it in the late 1998, 1990s. And then I just kept on perfecting, you know, the skills that's necessary to make yourself a better trader. So I just kept on sharpening and sharpening my skills and knowing that it takes a lot of effort, of time, of patience to keep on adding all the tools necessary to make yourself a profitable trader.

TraderInterviews.com: So you started back when dot com was coming along, everything was going up. Did you--?

Joey Massarelli: Oh certainly, yeah. I was one of those. When I first started, I was a CNBC trader just trading off the TV which is something that I don't recommend anyone doing. I think that today, in order for you to be a good trader, you should turn off the television actually. You shouldn't even listen to it. I think that's necessary for you to make a call to go long or short or to scalp. It's right there. It's all on the...

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