hourly pivots - above that hard yellow line, a stock will instantly run . Take profit quickly Published for Jakob (my son)
Save the chart to your account, and watch the money flow. You should have a limit in on the pivot at the yellow line, and ride the quick cash flow.
hourly pivot - based on a daily chart signal. - the hourly pivot was 265, but is broken by the after hours push. The setup would have been to take nvda on the pivot at 265. Will watch and see price action on tuesday.
hey hits this is fortnite so 265 was the hourly pivot meaning i would get a weekly call does it matter which one ? then let it run 5 minutes if nothing happens stop out also so it has to hit the hard top line all the time then you would get in ?
MrHits
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@deaaronfox4,
It really depends on the stock and the potential. For instance, like tsla (on a non earnings week...)
If tsla is trading at say 850, ill go for 5,10,or 20 contracts at say 900 (tsla has a average range of 50)
If I am trading Roku, i will go about 5 out of the money. And yes, cut your losses fast, once the pivot triggers, the stock should explore, if it doesn't then, get out, because the next stop is lower.
deaaronfox4
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@MrHits, thanks ok so for example mcds today breakout was right at around 194.96 so i would've bought me a weekly call probably a 197 call and if it breakout let it run for about how long you like to around 50% ? but around like 5 mins if none moving i would've stop out is that good?
deaaronfox4
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@MrHits, let me know really wanna know some of your knowledge and chart bad man