Inverse head and shoulders forming on the 15 minute... this trade has a 1:2 risk/reward ratio, and is more of a long "scalp" short "swing" sort of time frame. I expect TP1 (first circle) to hit in around 1-3 hours, and TP2 (full trade range) in 3-8 hours.
I take profit on 1/3 of trade at TP1, set SL at BE, and then usually close the 2nd 1/3 of position at TP2. ...
It is amazing to me how negative people can become just days after a powerful rally. When people ask me if the Bitcoin bull run is over, I just say "zoom out".
Bitcoin cleary has strong support all the way down to 62k (with plenty of additional support to 60k, if needed). I am buying here and will ladder longs down to 59k, if needed.
Bollinger Bands are a popular strategy, and like any strategy, entries and exits are the biggest part of a successful trade.
I have signal alerts programmed to let me know when the 4hr Bollinger band gets hit by price movements, and I will activate a "scalp" Day Trade when price taps the band. My target is typically a mid-point reversion, or based on PA (price...
1: 1.5 risk to reward on this setup. We have good support around the 60k mark, and this may be the last good opportunity to gain an entry before marching to new highs.
I believe that LUV is one of the strongest airlines financially, and it also serves the consumer market more heavily than many of it's business oriented competitors.
With vaccines and stimulus headed down the pipeline for 2021, and pent up consumer travel demand lingering, I think that we see most airlines rally in the 2-4 months.
I chose Southwest because I...
Studying the CME gap and I'm wondering if I am seeing a pattern.... still primarily just tracking this for now, but I am opening a conservative long here.
Laugh all you want at the CME gap meme, but Bitcoin was very clearly forced into the gap this week, then allowed to crater back down. Here is where it closed for reference going into this weekend. Big players seem determined not to let weekend shenanigans strand their positions on Monday morning... for long.
Use this as a reference point after this weekend,...
HCR could potentially be forming a bottom here with Fibonacci as our guide... stay tuned to watch for a bottoming formation and the opportunity for exponential gains could be possible with Hi Crush
At this point, we could be seeing some price stabilization, but I am playing it safe and waiting for some kind of confirmation regarding the fundamentals of Hi-Crush. If their next earnings report surprises to the upside and we start hearing frac sand producers say that conditions are improving, then I would probably activate the trade.
I have started selling...
HCLP has longer-term support around the $3.50-$4 range. I have been watching this one for some time now, and we are finally approaching the point where I think we could see signs of a bottoming formation. No triggers yet, but I will post if/when I see some solid signs!
HCLP is a solid company that is currently struggling with a few significant market-wide headwinds, but if the price can find a bottom around $4, it may soon provide a very good buying opportunity.
Pipeline capacity limits and the overall bearish attitude toward the oil industry are weighing heavily on frac sand producers, but Wall Street may be overreacting as...
