Been a while since I posted an idea here, it doesnt matter what Ideas I post, it is more important to learn trade psychology and understand your risk reward, you can enter 1,000 trades with bad risk reward and never win. Or you can step into the arena, get beaten up enough times to finally snap out of it and find your way. Why risk it to make the biscuit?! TESLA...
Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below. "Support and Resistance Bounce" This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can...
In review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop" A week in review these are some of the best trading days I...
Looking for a bit of a recovery for some relief of this massive bloodbath that is the tesla stock price.. Broke above channel. Calls up to supply zones from here.
See last few bottoms. Currently double bottom. Ride the wave back up. Or down..
Respect the channel Has more to go today then bounce back up. Wait for a good few green bars off this support for entry long and keep it simple. Cheers!
This is the single most important thing I learned trading that elevated me to the next level. The cleaner the chart the better. Sometimes you have to start with clean slate. In this chart you can see clearly what is happening in the market. Big money knows best. Ride the wave with them... It doesnt have to be perfect, find your zones, Wait for two red or two...
Hard in the paint painting this chart red with 100X margin puts. This ape ran out of bananas. Yehawwww!!
After large sellofs we saw an uptrend in this channel here. With a few breaks above channel as seen by triangles and dipping back into the channel it gives me some indication that it doesnt have what it takes to stay above that upper trendline and cannot break above this resistane channel. Each break above decreased in size and failed to do so in the last attempt...
Buying value around 168 after this gap down to gap fill potentially pre market. Waiting for call opportunities for possible H&S fill out (zoom out) and back up to 196 then 224 Trade safe have fun! Follow and like for more updates
I missed this earlier, thought it important to repost this idea, inverse H&S (HAS NOT FILLED OUT YET) potentially forming... I will watch this chart closely and look for entires above neck line for sure, perhaps get a bit crazy and enter before neckline fills.. Let me know your thoughts in the comments below!! Keep in mind friday Dec 9 PPI news 830am as well as...
Is this a fakeout or is this a breakout. Wondering why ex speaker would sell all of her shares? Not entering until I see price action, break above recent highs outside channel or a break back down below the channel. Will zoom in for entry. Overall, We could see a green day tomorrow due to the fact we had 4 red selloff days in a row... so probability has it a 5th...
Following the channel here with Higher Highs and Higher Lows show bullish movement of NFLX, however I plan on a Short term ride back down to lower trendline indicated here and will enter when I get full confirmation with RSI crossing back down as in previous others shown by arrows. What do you think?? Trade safe and have fun! Follow me on my voyage from 1k to...
Potential loading zone here. How did you do at the top? Respect the trend line
Clearly broke out of descending triangle. I am expecting some chop before solid price aciton back up towards gap.. patience, may take a while..
I am neutral on SPY until I see price action but leaning towards short.. filling out the channel. This can go two directions right here as we see quite a but of support and resistance along each trendline. Anyone who tells you otherwise is lying to you.. Tests of upper trend line show high level of resistance in overall downtrending market however we see...