4pm - 4:46pm was a great day! Learned sum stuff had had overall good trades 3rd trade: maybe dont expect too much from price --> mark the highs a bit lower and the lows a bit higher? PnL: +2 RR (couldve been a +4 RR day but well)
Picture perfect setup. Huge prior advance, 2+ month digestion, extreme volume contraction, volatility contraction. Obviously dependent on the overall crypto bull market to continue, but if BTC and ETH go, expect FET to be a high-beta play in the crypto space.
CME_MINI:NQM2024 - PR High: 18755.00 - PR Low: 18741.75 - NZ Spread: 29.75 No significant economic calendar events Prev session lift ATH - Holding inside prev session highs - Below prev session close - Low vols continue for 3rd week Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 226.45 - Volume:...
Going through the weekly chart for the averages of how far Dow Jones can move in a week. The last 84 weeks averaged out to 937 ticks. This lines up with the medium sized candles. There are three types of weekly candles 1. Small Doji candle (28 occurrences) 2. Medium sized candle (47 occurrences) 3. Large expansion candle (9 occurrences) This small set...
This is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.
This will not be appreciated and who knows if it's right but here's my last macro prediction for the distribution of risk assets. Curtesy of x/ki_young_ju we have what looks like to be miner selling beginning. ETF inflows are still increasing, though. x.com We have what looks like Bitfinex exiting stage left. Easy to see when exchanges deviate from the...
I always use a 200-period EMA and RSI with a 200-period. An RSI above 50 indicates bullish strength in the EMA. Let's analyze Bombay Burma (NSE: BBTC) shares. Based on the chart and the April 25, 2024, closing price of 1578.90 , the best buy is below 1553 . The stop loss is set at 1321.60 , with a probable target of 2107.00 . This setup offers a risk-reward...
4pm - 5pm learning and improving today was hard because of a strong resistance that made price choppy but yk, I cant expect for price action to be perfect every single day PnL: +1 RR
CME_MINI:NQM2024 - PR High: 18658.50 - PR Low: 18631.50 - NZ Spread: 60.5 No significant economic calendar events Volatile open following Powell - Hanging out inside Fri and Thurs range - No change from ATH pivot - Inside Wed highs Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 234.22 - Volume: 15K -...
Volatility is near record lows. Low VIX is often associated with market tops. 0day options have been pushing VIX down further than normal though. Judging from the many solid candles on the monthly chart, the month often closes near tops and bottoms. So there should be plenty of time. The writing is on the wall. But it would not be surprising to see stock prices...
This 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the day. For me, this demonstrates the value of one or more of these indicators armed with an alert or notification to catch the move once it gets started. It also shows the...
Cup & Handle forming on XOM as the Energy Sector remains bullish in this unpredictable economic environment…..let’s see how this one plays out.
Tom Bowley always reminds traders and investors to watch out when the VIX spikes above 20. I looked at what happened to the SPY since the GFC whenever the VIX moved up above 20 (with gusto) on a monthly basis and the SPY percentage change from that moment until the bottom.
SBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago and two years ago shows SBUX to be at the same price level as the low pivot of 2022. Price has bounced off the lower most of the VWAP bands and moved up in the past three trading days with higher than usual volume. I believe that short traders are buying to cover and...
4:00pm - ~4:50pm - a few experimental trades but overall a good day - after the 4th trade I cut my risk in hlaf and kept trading PnL: +2 RR
CME_MINI:NQM2024 - PR High: 18657.00 - PR Low: 18640.00 - NZ Spread: 38.0 No significant economic calendar events Pushed ATH to ~18760 - Faded back inside Wed range - Inventory response of prev session low, slight session break gap up - Relatively low volume to start the session Evening Stats (As of 1:45 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open <...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
LCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear flag in its consolidation portion. While price could go even lower, reversion to the mean says that it will retrace. The Fib tool suggests 3.35 over an...