DayTraderEarl

DayTraderEarl

SPY filled the GAP between 383-389 then retraced after the last sell climax on Jun 17th. Traders should have gotten prepped for a long position. Once prices entered an accumulation range, that was a signal to get long. On June 27th the 1st GAP was filled.

DayTraderEarl

Many of us know what Market Cycles are but, do you understand how to trade them & what to expect? Here with SPY on the 1hr chart. Prices entered a range from May 27th to Jun 9th. If read correctly, you should have prepped to get short on the the support break of that range. That range was considered a distribution area & once it broke, you should expect a trend...

DayTraderEarl

Traders!!!!! You have to give more love to your higher timeframe charts in order to see the full picture. As with a lot of crypto tickers, they have the same type of pattern brewing here. What you see here is a bear leg down, a 2 month reversal and then a 2nd bear leg down, which now has been selling off for 2 months now. From a longterm POV, I don't see a...

02:32

DayTraderEarl

I mentioned in my "Silent Walkthrough" Video(May 26th) that I had 25 tickers that I saw had potential upside strength. I shared 12 of those tickers, but all 25 tickers continued bullish today. Some of the tickers continued bullish while others already hit their 1st targets. NIO: Continued Bullish AXP: Continued Breakout BR: Hit top of bear channel PNC: Hit...

DayTraderEarl

Yesterday on May 26th I shared a "Silent Walkthrough" on 12 tickers that showed upside strength & AAPL was one of them. I was eyeing 150 Calls based off of the behavior of the pattern. I had an expectation that AAPL could get back to 150 in confluence with the daily chart. As the market closed AAPL made it to a high of $149.92. Anything above 141 for calls would...

04:25

DayTraderEarl

I have a total of about 25 tickers that I'm watching. Some have already broken out & there are a few that I'll watch closely heading into June. In this 4:28 video, I go through 12 tickers that have potential upside strength, if the market continues to bounce. These setups are all mostly double bottom plays within a range after a climatic stage 4 sell-off....

DayTraderEarl

It can be tough sometimes to play ER, but I commend those who have the nerves to consistently play ER's. We know prices can go either way when dealing with earnings. A company can beat on ER and gap down, a company can miss on earnings & gap up. Sometimes it feels like playing the lottery with ER plays. There are some things you can notate before you play an...

03:48

DayTraderEarl

Wassup people, I have another "Silent Build" here. A quick 3 min video on the movement of the market & to keep in mind always use your wicks or pivots as a price action guide. Always use your higher timeframes just as much as you use your lower timeframes. Taking a look at SPY's weekly chart, we see the COVID recovery from Mar-Aug. In Aug price stalled & went...

DayTraderEarl

So many crypto guru's will stone you to death if you speak negatively on BTC! I'm never the one to marry my bias or not believe what the chart is telling me. Here, I used the weekly chart on BTC to break it down from a longterm perspective. Since 2021, I've been trying to explain to people through charting that BTC WAS NOT going to a 100k in 2021!! Had so many...

03:05

DayTraderEarl

Here I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective. It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240. Dollar...

DayTraderEarl

This particular breakdown I'll use Kroger to show how profitable you can become by getting in on "Range Position Plays". When prices create a lot of two sided trading for an extended period of time like Kroger did from Feb-May. Traders should start to identify when the range is beginning to weaken. Kroger traded in a range for 3 months before finally breaking...

DayTraderEarl

A lot of times we get away from simply keeping it simple. When it comes to trading, simplicity will be your best friend. I consider Price Action the "OG" of all technical analysis. On the same note, I don't knock anyone who uses indicators to make a profit. I do have a few myself that I originally started with, that I still plug in from time to time. I will...

DayTraderEarl

This is my 1hr markup on the 1hr chart with KMX. I have an entry above 138.55 with an initial take profit at 140.. If price pushes above 140, then I plan on holding back to 143-145. I like this idea based off the the 200MA bounce(blue line) as well as the Daily Chart sitting at or around a 50% retracement. Will watching over the next few days.

DayTraderEarl

I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices. I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know. However, I'm liking the pullback to...

DayTraderEarl

Eventhough SPY is overextended on the Daily, the Bulls seem to be keeping it propped up and pushing for 460. Can the bears step in and push it down? We shall see by the end of this week leading into Mon.

DayTraderEarl

This data I have only pulled from about year back. I actually stumbled upon the information one day when I was doing a top down analysis on SPY. Studying data at least from JUN of 2020 until now, using the 4hr chart in combination with the 200MA. I begin to notice a pattern that was occurring. The market seemed to dip in the 3rd week of every other month back to...

DayTraderEarl

The Technology Service sector has been extremely bullish for this month. One of the sector leaders on the heatmap across the board. This run may or may not stall out for a min. Hate that I didn't spot these trades. They are all now on my radar. I will only be eyeing smaller timeframes entries and exits due to the lateness of me now wanting to trade them. I'm...

DayTraderEarl

CRM is showing a potential break on the Daily Chart for a short 5 point move to 300. The 1hr is already showing an entry with initial room to 295 first and if price breaks 295, it has room to 299-300. Stop loss 289.50. I like the consolidation back to the 21Ma on the daily chart and the weekly chart isn't bad either.