I am not adding any long term positions. I am adjusting some Delta as we move up.
Trade short time frame trades until the consolidation is exceeded.
When this breaks out I think we could see a nice sized multi day move so be ready.
Trade short time frame trades until the consolidation is exceeded.
When this breaks out I think we could see a nice sized multi day move so be ready.
Trade active:
I failed to mention, I do not take the first breakout of a range. Often this is locations stop sweeps on both side of a range can happen causing a range expansion or mega phone structure.
Trade active:
upper boundary is being tested, just like I said a stop sweep could happen. I will wait for Monday before deciding if this break out looks legit or is it coming back inside. Back inside is my expectations, but ready for either event.
Trade closed: target reached:
$8 move from post, I feel this is no longer at risk and a trail stop protecting gains if not closing all now. it was a win for option holders not for the stock with stop loss.