motaman1985

motaman1985 Updated 

BEAR RALLY SET UP I've had MKC on my watchlist for about a week now. ON January 18th, the 20 day crossed the 50 day and made a new swing low on January 20th. Since then, it had a small bear rally back to prior support resistance of 79.09ish which it hit on the 24th. On the 25th, it traded below the previous day's low, however I waited one more day because I...

motaman1985 Updated 

Bear Rally Set Up: I've had BAH on my watchlist since the swing low it made on January the 20th. So I set an alert at 96.84 which was around the area of where it closed on January 9th. I wanted to see if this would run back up with lower or equal volume to test at least the 20-day again. With yesterday's candle and it trading below yesterday's low, it triggered...

motaman1985 Updated 

BULL PULLBACK SETUP: Uber made a new swing high February 8th. Since then, it's been pulling back with lower or equal volume and the price action from yesterday triggered me to get in today. I'm going to give this a couple weeks just incase this wants to pull back some more. I'm set up for max loss risking a little under 2% of my portfolio. My target of 38 was...

motaman1985 Updated 

So I'm thinking we continue in this downward channel for the next couple weeks. So if that's the case I went with a 394 target. If it gets to my target before the 28th, I'll take half off. Come expiration date if this is at or below 394 I'll close out the entire combo. If we are still above 394, I'll hang on to my 400 strike and manage it.

motaman1985 Updated 

HIGH BASE SET-UP Detailed Definition of setup and what market conditions are desirable Ok, so on January the 13th, BA made a new swing high and it's been trading above the 50-day SMA...really since about November 2nd. So as far as trend analysis goes, BA looks like it has more momentum to the upside in the coming months. Detailed Definition of the trigger...

motaman1985 Updated 

Bear Rally: I've had WM on my watch list since it made a new swing low Friday, January 20th. The stock is also trading below a falling 50-day SMA. As I had this on my watch list, I was thinking this would be a low base set up, but evolved to a small bear rally with lower or equal volume running up to the 20 day or previous support/resistance at 154.35. The...

motaman1985 Updated 

Bull Pull Back Set Up: Disney made a new swing high on the 9th of this month and has since then pull backed to the 20 day with lower volume. 50 day is also rising and with the candlestick we had today, it triggered my entry. Gonna give this 3 weeks to hit my target of 114. I'm thinking it's going to want to go test 113.50 again and possibly break through it....

motaman1985 Updated 

HIGH BASE SET UP: Detailed Definition of setup and what market conditions are desirable Since October 13th Z has had some decent momentum to the upside and at the start of the new year, it had even more upside momentum until it finally started basing January 12th to the 20th with lower or equal volume. In the short term, market conditions are bullish. ...

motaman1985 Updated 

BULL PULLBACK SETUP Detailed definition of setup and what market conditions are desirable: I've had UBER on my watchlist since about the end of December. And since about August of 22', it's kind of been trading between 31.57 and 26.06. So I was curious to see if it would make it's way back into that sideways channel and so we're here now. And even though...

motaman1985 Updated 

HIGH BASE/ ASCENDING TRIANGLE SPY has been trading above a rishing 50 day and 20 day and has been forming an ascending triangle or high base. It recently made a swing high on January 23rd which I used as my trigger. For the most part, SPY has been consolidating since let's say about the 12th of this month? Consolidating between 390 and 400 equal volume. Since we...

motaman1985 Updated 

Low Base Set Up: Since December 13th we've been selling off and the last 6 days we've been in a low base. It's had lower or equal volume and it traded below the consolidating low of about 378ish on the 22nd. Overall market sentiment is bearish with the 20 day looking to cross the 50 day The candle on the 22nd of December was used as my entry point/trigger. The...

motaman1985 Updated 

LOW BASE SET-UP: AMD has been in a low base since about Dec 22nd and has been consolidating for more than 5 days with lower or equal volume. Overall market conditions are bearish, so downside is probable. I was planning on using the Dec 28th candle as my entry point back then, but at that moment in time, it did not meet the 5 day consolidation requirement. So I...

motaman1985 Updated 

SIDEWAYS SET UP: Detailed Definition of setup and what market conditions are desirable: Since January 9th ZM has been in a sideways set up with no real trend making relatively equal highs (72.16)/lows (67.67) and a flattening 20-day & 50-day SMA's. Detailed Definition of the trigger (entry point) used to enter positions I'll be using timeframe as a...

motaman1985 Updated 

BULL PULLBACK SET UP: Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish. The bull...

motaman1985 Updated 

We've been selling off since December 13th so this strategy is going to be used more as a hedge just in case we get a year end rally to the upside. It's been basing the last five days in this 380 area and may be setting up to push higher in the short term. NO stops, I'll be set up for max loss and less than 1% risk of entire portfolio. My target of 400 was...

motaman1985 Updated 

SIDEWAYS RANGE TRADE SET UP: For the most part, this has been making relatively equal highs and lows between....let's call it 120 and 130. The 20 day and 50 day are flattening and it's not in any strong rally or strong pull back. I determined my target using the hour chart. I was thinking about having this expire this Friday, but I didn't feel that was enough...

motaman1985 Updated 

BEAR RALLY SET UP: DIS made a new swing low 11/09 and since then it has made its way back to the 50day with lower or equal volume making this a potential bear rally. The entire market has been in a bear rally, so based on the patterns forming, this should make it's way lower to fill the gaps below. I used the doji candle on the 28th as my reversal candle at the...

motaman1985 Updated 

Bear Rally Set Up: A couple weeks ago we set a new low around 88ish which has lead this back up to the 20 day. It's actually been basing at the 20 for a few days getting ready to make another move. The overall trend is bearish. The entry point was determined by waiting for this to trade below the previous day low. Conditions at these levels solidify an entry...