Trade recap and levels to watch today on IWM and SPY. Trade recap until 7:41 Levels at 7:41. Clarification on IWM: I say I got out but I meant to say I scaled out some!
This is a tutorial on how to program a simple, EMA indicator in pinescript. I use pinescript heavily in my day to day trading and, as I am not a coder, I struggled at the start to try and find resources on how to program using it. So I thought I would provide a brief video tutorial on very basic, fundamental aspects of pinescript by having you create your very...
We utilized the YS Trading Checklist to determine how we expect this trade to go. 1. News 2. Candle 3. Volume 4. CCI 5. Stochastics 6. Gaps From the technicals, we determined that $IWM is poised to retrace back to support in the short term. Hence the trade I like is the $186 / $182 Put Debit Spread expiring 9 DEC 2022.
Bottom in? Or is there more downside? Post your comments here. Let's discuss.
The Russell has rallied higher in the last two sessions. In this video I take a look at two Elliott wave counts to determine if the correction is complete - or if we should expect further selloffs.
The Russell is tossed around by dip-buyers and sellers of strength. In this video I take a look at an important bullish divergence and a trade idea that can be profitable regardless of market direction if it is managed well.
The Russell is approaching a potential target zone. In this video I share an idea how to trade it with a Broken Wing Butterfly that will benefit from time decay during a potential re-accumulation. It has defined risk in case the selloff continues, and no upside risk in case the bounce happens earlier or is faster than anticipated.
IWM Looking like will lead us to the downside this week. The weakness comes at the top of the macro bear flag we cover in depth here. We post videos every Sunday to get your week ready!
Video says it all, two part trade which started as a put credit spread. Added call side for some P/L offset if we continue to move downwards.
IWM 170/165 Put Credit Spread - 10% RoM - Love the level I got this at.
Ok after about an hour of breaking this down every way possible I finally see something recognizable. Theres a combo(what I call repeating moves I see in price action. Over the last 9-10 months I memorized all kinds of combos and this is the Deep V Drop move. There is a chance it can rally and go long when it pops up to hit the Upper BB. However, thats a...
We have some lagers and some winners video will explain New shrt is QQQ RF Still shrt AAPL CCL XLK Long GDXJ AU
Well we gave back that whole vaccine rally sell into news like that its a gift We have mixed s market SPY new highs but banks lagging and IWM weekly is a short while XLF SPY QQQ a long Watch oil gold More long then shrt in positions for know
Hi traders, today´s video combines educational content and analysis of 4 major Indexes. BUT! We do not analyze them separately, but together - WE DO THE INTERMARKET ANALYSIS. It is this approach that will show you whether an index is overvalued or undervalued. How is that possible? There is a great correlation between them. Look a the NASDAQ guys. That´s the...