jgoody4x

jgoody4x

NVDA has come back up to a resistance point and I feel that it is again over extended. Just like I did a few months ago, I opened a call credit spread way above the highs. The seasonality of NVDA is flat to down for the month of December. Thought the best way to play that would be a credit spread.

jgoody4x

The down trend may be over for now on TSLA. The down trend has made an inverted H&S pattern on the smaller time frames indicating the reversal has potentially started. Right now we are sitting just shy of the measured move up, which puts us at 242.50 ish. If you measure from head to neckline that should be roughly equal to the shoulder to your target. * Don't...

jgoody4x

If you zoom out on the 4hr chart of MSFT you will see a nice double top pattern. Will this area hold? I think so! This looks like an excellent area for bears to step in and take it back down to support. Retrace, consolidate, build the "handle" then decide which direction it wants to go. First target $350 , I think if there is another push higher, its purely a...

jgoody4x

TSLA might be forming a massive head and shoulders pattern on the 4hr chart. If price can maintain current levels we could see a quick push to all time highs. Just need to break the neckline for an explosive move! Elon announced exciting news about their Lithium factory as a "cash printing machine for 2024" . News like this could help spark a rally in the ticker...

jgoody4x

Looks like a bottoming pattern on the GBPUSD. Looking to retrace back up to the recent swing highs, with a stop below the recent swing bottom. Entry 1.2390 TP 1.2420 SL 1.2360

jgoody4x Updated 

Broke below and retested. Support now resistance. Careful though as this one cold quickly turn and shoot higher. Longer term I see this headed back up to 1.93. So this is just a short term play. TP 1.9160 SL 1.9210

jgoody4x Updated 

Going on long on USDJPY, I think we make another run at the highs around 147.80. Looks like it's basing on the hourly around my moving averages and the overall trend is still up. Target - 147.80 Stop - 147.00

jgoody4x Updated 

Went short @ market open this morning. I feel that the top might be in on NVDA and the IV is worth trying a Call Credit spread. The ticker did not make a new high, and will most likely start a consolidation phase before the next leg higher ( or lower). I went with the 525/530 spread OCT 20 banking $1.50 in credit. Looking to close between 20-50% profit with a...

jgoody4x Updated 

Looks like EURUSD has bottomed on the hourly. Price action was in my discount area so I scooped up some longs. Target is a previous swing lows now turned resistance. Stop will be a new swing low. Target - 1.0765 Stop - Under 1.0700

jgoody4x Updated 

I don't normally flip flop like this but on the smaller time frames the USD/JPY just ran up right into a strong resistance area. I'm thinking I might be able to "catch a top" for the short term, with a tight stop! If it doesn't work, no need to force it. Target - 145.50 Stop - 146.50

jgoody4x

Got short on the loonie. Looking for some retracement after it making a reversal structure on the 5min. Depending on how it develops I may trail my stop. Target 1.3540 Stop 1.3640 1:1 RR for now

jgoody4x Updated 

Pair has been trending up in an ascending triangle pattern. Currently testing lower trendline. Looks good for a long, retest of the recent highs. My tp/sl may be adjusted depending on how the trade plays out. Target - 158.20 Stop - 157.25

jgoody4x Updated 

Looks like a double bottom or WuTang symbol. Typical reversal pattern. Has moved up with a period of consolidation. Looking to get long the pair. My tp and sl may be adjusted depending on how the trade develops. Target - 0.6050 Stop - 0.5940

jgoody4x Updated 

The aussie has made a nice rounded bottom. The pair has steadily moved up with a nice pull back. Looking to get the long the pair. My TP/SL may get adjusted depending how the trade develops. Target 0.6585 Stop 0.6435

jgoody4x

Wasn't able to post this at time of trade but I was able to scoop up some USD/JPY longs on the sharp drop through the rising trendline on the hourly chart. Still holding 50% of trade Target - 146.25 Stop - 145.50 Will trail stop as needed.