Trade Setup: Debit Call spread $125/130 for 6/25 expiry
Another RSI divergence trade. This one did not get to OS level, however as you can see there is still bullish divergence seen on the RSI.
Admittedly, my entry for this trade is was a little late. But being that the VIX is currently under 20.0, a close above 128-129 level would probably take us to...
Bullish divergence on RSI 1D for SQ.
Trade setup: Debit call spread $197.5/202.5 for 6/25 expiry
Price previously found support around the $205 level which was since violated by current price action. May find some resistance in this area
This is another mean reversion trade.
Triggered entry on 05/10 Debit call spread 290/300 for 18 Jun 21 expiry.
This specific trade has overextension with reversal candle pattern (Bullish Engulfing) and also a possible gap trade for which price would come and cover previous gap. Let's see if it'll hold above $300 by expiration.
One thing I do different about this specific option strategy is the trade analysis that I do for trade management. This would determine if I exit early at half of the debit or see it to expiration and risk full loss.
Initial trade set up triggered entry 04/21 Debit Put Spread $300/325 14 May 21 expiry. Price needs to be below $325 at expiration for...
ETHUSD is hugging that 50WMA with small retracements to WMA level and continuing its uptrend right after. Also looking like it has broken out the ascending triangle on the hourly chart that it started forming the start of the year and now it's off to maybe even pass the 1400 level which was the Jan 2018 highs.
Very bullish on this pair because of what's going on...
Bullish pennant on the shorter TF for $XOP with confluence at weekly support for the pennant target which shows an amazing R:R for a long opportunity.
But, being that this ETF is fundamentally bearish because of current concerns for the new virus strain and the fact that technically this is still bearish on the weekly, Ill be setting first target to top of...
This is what I meant when I say anticipate your opponent.
This chart shows two opposite opportunities. Technically speaking it has a descending triangle which is a bearish pattern. However, as you may notice when price is at $14.50-15.50 range it tends to stall and play around that area. There is better R:R for the long opportunity. For a stock position, waiting...
Almost the same analysis as $SOLO but different sector and industry.
Bullish flag on ADBE. Already had the volume spike on daily and also had the WMA crossover on hourly. Short put verticals at strikes 470/460 for 01/08 expiry
Another EV stock.. A lot smaller and younger than $TSLA.
Bullish flag, waiting for volume increase on daily chart or moving average crossover for entry to buy stock. Possible buy and hold due to current market's sentiment on EV stocks.
While waiting... Short put vertical 6/5 for 01/15 expiry.
TSLA has been kicking ass this year! But still looking like TSLA is ready for more.
Ascending triangle formed on the daily with increase in volume at current price. Long entry at 660.20 looking for a 2:1 R:R with stop below the 1h range.
Also, taking advantage of short vertical put w/ 590/585 strikes (right below 1hr range) while waiting for this trade.
Two back-to-back advanced pattern trading opportunity on GBPUSD 4hr. Great R:R on the bigger pattern (a little more than 2:1 to T1) and at least a 1:1 to first target for the smaller pattern.
If the smaller pattern completes first, the bigger one will still be valid after T1 and T2 have been achieved (unless price violates "X"). However, if the bigger pattern...
Waiting on price to come down to previous structure zone. If price can come down to this level. This is a pretty decent trading opportunity of about 1:3 RR.
For those who are familiar with the CTS system. We have an equal measured move from the daily and another one from the 4hr plus the 1.618 extensions on those two TF as well. We also have previous structure...
My earlier prediction on this pair didn't pan out, but, that does not mean I shouldn't trade the next valid opportunities that will present themselves. This new opportunity is a Bear Gartley Pattern that has an amazing R:R! Most often people get too emotionally involved with their trades that they tend to skip then next few trades after a loss. But for me, as long...
These two advance pattern opportunities both have a less than 1:1 R:R to first targets. But with a higher percentage win rate found through my backtesting, this is an opportunity that I would not want to pass up.
Be mindful of your risk. Risk of the Bull Gartley pattern is >100pips
This trade is what I keep on the top of my journal whenever I feel too confident and think of not following my plan. I had this on my radar and I said that I'll be looking for price to get back to previous structure then look to get long. BUT, before I take the trade one thing must happen on the lower TF a DOUBLE BOTTOM . Since it did not happen , I didn't take...
We are presented with yet another pattern.... or in this case, patterns. However, you might have to choose only one pattern to take advantage of because the stops on the smaller Gartley Pattern is beyond the completion of the bigger Cypher Pattern.