JoeRodTrades

01:09

JoeRodTrades

The spreads are whack on ACN but, I took out a credit spread with my 1:1 risk at 3% of my account. I am just looking for the spread to expire worthless so the spreads shouldn't effect me much.

00:57

JoeRodTrades

This is bit longer term and I took a short to downside using a credit spread. The trapped buyers should have gotten out with some cash or at least breakeven.

00:57

JoeRodTrades

I had AMD on my Anti watchlist but, after it failed to push higher it broke a new low. This caused a bearish imbalance and setup us up for a pullback in the downward direction.

00:20

JoeRodTrades

It took a while the overall market was determining its direction last week. These positions including JPM are now starting to play out nicely.

00:29

JoeRodTrades

After a little turbulence, we are now about to hit our target on JPM. The vertical spread I took out is about to pay out a 1:1 and depending on the movement here, I might look to get a 2:1 out of the options.

01:17

JoeRodTrades

I still regret not taking that awesome set up in KDP but, this is giving me those vibes and I really think it is worth a long. I am looking to put my risk a 1/4 of the ATR below the most recent swing low. Shooting for a 1:1.

00:53

JoeRodTrades

After an Anti played out perfectly we are now followed up by a pullback setup in ORCL. The NQ as a whole has been losing momentum so I think this trade sets up well with the current state of the market as well. I will look for a 0 line entry or a second entry short to get me into this trade.

01:21

JoeRodTrades

JPM has recovered from earnings and some strong downward pressure. Its looks like an Anti setup on Friday and price continued to consolidate near that level today. I will be looking to swing this trade to the upside for a 1:1.

01:49

JoeRodTrades

We closed the day just 2 ticks from the open. That is the definition of consolidation! There was one setup to speak of and I think it was a pretty high probability one. The opening gap acted as a magnet to give the setup more conviction.

08:06

JoeRodTrades

While technical have us in the daily trigger zone for a another bearish leg, I think future contracts and overall market sentiment is set to consolidate. There is some confusion amongst investors but, with a bearish bias overall. A break and close below a previous day low will help technical to begin a second leg.

05:04

JoeRodTrades

Since there was not going on much between the two days, I decided to combine the two days into one. Sorry for the delay overall but, we covered the trades I took and the setups ups I noticed in both days.

02:43

JoeRodTrades

It sure seems that way. 5126 was the level where buyers would become sellers. It took sellers to become buyers in the first half of the week. Now, I think the market is weakened. Pre-market analysis will be key for trading in the next couple of days. Not a ton of setups today but, just enough to keep the degens going :D

03:37

JoeRodTrades

While I left some on the table, I am happy with my wins. In the last week my win percentage is sitting around 90%. I have avoided over-trading and focused on doing things the right way. today, we saw a bunch of setups. Most worked but, some did not. The market has been very technical lately with very little tricks.

03:30

JoeRodTrades

So many great setups today as I think sellers from last week started buying back into the market. I took a couple of trades today both winners but, there was definitely some money left on the table today. All in all a super technical day.

07:04

JoeRodTrades

We talked previously about a bearish price target of $48k. Today, I give you more insight into why that is still possible and I also give you a few more scenarios but, one thing needs to happen first.

09:23

JoeRodTrades

All signs point to a pullback in the market. I think JPM/AMD and some other big names might even be our leading indicator. The only real pullback target I could come up with is a 50% retracement which is fairly common in the market and within trends themselves.

04:09

JoeRodTrades

We saw another down-trending day with some great setups. It was an awesome week to be day trading. I hope everyone had a great time. There is one red flag I see in the market, that is that sellers never became buyers on these big down days. That either means sellers are really confident of a continuation or they will be taking profit at some point next week.

04:21

JoeRodTrades

Today was a great day to trade. Prices were both up and down in a trending manner. Some might call it a trendy day lol. I cover 3 trades that I took and why I took them. Excuse the distractions today, lots going on in my house. LMK if you have any questions regarding the setups.