My buddy Dean Chance told me about this one. It is a 'breakout' which I rarely play, but we did get a white candle on the weekly chart, which is what I asked for on Monday (when I started looking at this trade for a bear move)
A TAD extended on the daily, so I'll be aggressive with this one If I cam make 1.5R today, I'll be up between today and yesterday (lost 1R on a swing)
I LOVE THIS set up, so it would be semi funny if I lose on it. Still at .7R ish on the day... I'll do my best to lose less than that IF it happens. I've cancelled the ADXS trade from just a bit ago, but for those in it, I'll keep track (try to get in and get out for a gain>
This is a High risk: High reward. I'm at .93R+ on the day after commissions. 3 trades on CVX. 2 break even (the last one I was a TAD too impatient) This trade- based almost entirely on RR and candle pattern) We plan to be in and out of this fast
Nice move, nice gap the other day, good follow through. Looking to short the retest of the 200 SMA on daily
Just looking to see if she rolls down lower.
Cancelled the MEET previous trade (for now) and focusing on this one. Dean C is already in .23 x .45
Some really good candles and good traders in this one.
WILD candle on the daily, but looks really nice on the 15 min (and mostly 5) R:R is there by the LOD. This is one we would want /expect and ask to move in our favor quickly.
OIL and gas look a little weak today. Nice gap and go on WMB. Nice R:R into LOD
Don't know if this triggers. Looks nice on 15 min and daily.
Dean and Zane murdered this one earlier. I am trying to be cool like them...
Dean Chance posted this one in our exclusive group chat a few mins ago. There's still a chance to get filled on a pull back. If it doesn't work quickly, bail.
I will do my best to exit this in the next hour potentially. If it's profitable I might let it run, but FOMC mins release at 2 eastern.