chasel1

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About me Disclaimer: My published ideas are not recommendations to buy or sell. They are merely a way for me to track my own trades and theories. Trade at your own risk.
Joined LouderChase
Markets Allocation
87 % stocks 7 % forex 7 % other
Top Mentioned Symbols
FB 13% | 2 TWTR 13% | 2 EURUSD 6% | 1 LUV 6% | 1
chasel1 chasel1 UA, D,
UA: UA Symmetrical Triangle @ Weekly Trendline
10 0 0
UA, D
UA Symmetrical Triangle @ Weekly Trendline

One last one for my trading journal before the open tomorrow. UA appears to be consolidating in a symmetrical triangle right next to the weekly trendline. A break to the upside to continue the uptrend would be the more probable price direction, however this trade could be taken with a break in either direction. Since the lower trendline is a weekly level I ...

chasel1 chasel1 FB, D,
FB: FB weekly channel idea
23 0 1
FB, D
FB weekly channel idea

So after my last trade idea in FB I decided to take a look at the larger picture of the price action in FB. The weekly and daily lead me to believe we are currently in a channel that is slowly on an uptrend. With all of this being said, it is at the top portion of the channel and could present some possible trades in the upcoming days. In particular, the past ...

chasel1 chasel1 VLO, D, Short ,
VLO: VLO Short Trade Idea
41 0 0
VLO, D Short
VLO Short Trade Idea

After the previous 2 high volume days, VLO has made new highs. However, it did not close with a strong candlestick above the resistance and instead put in a doji. With this location it is setting up a nice Risk vs Reward trade for the short side. Previous resistance will be the 1st profit target and will be moving up the stop loss if the trade goes in my favor.

chasel1 chasel1 TWTR, 60,
TWTR: TWTR Possible Daily/1hr Ascending Triangle
112 0 1
TWTR, 60
TWTR Possible Daily/1hr Ascending Triangle

Twitter may be finally showing some signs of strength by putting in higher lows and repeatedly testing the previous support now turned resistance. Will be looking for a confirmation of the trendline or a break of the resistance on high volume.

chasel1 chasel1 USO, D,
USO: USO: Just Consolidation or Reversal?
23 1 0
USO, D
USO: Just Consolidation or Reversal?

After USO taking a large hit at the end of last year the downward momentum has slowed and it has even put in a higher high recently for the first time in quite a while. The sustained price action above the 50 SMA gives me more faith that this may be the bottom for USO. I will be watching in the weeks to follow to see if a trade that meets my parameters will ...

chasel1 chasel1 LUV, D,
LUV: LUV at Weekly Support
42 0 0
LUV, D
LUV at Weekly Support

After breaking though the daily trendline, recent support at ~38, and closing below the 50/200 SMA on the weekly and daily respectively. I will be watching the nearest daily support level for signs of strength or weakness. Any closes below this level could see a much greater pullback as this is a more significant support on the weekly chart. Any ...

chasel1 chasel1 EURUSD, D,
EURUSD: EURUSD: Could the bottom be in?
144 0 0
EURUSD, D
EURUSD: Could the bottom be in?

EURUSD broke the recent support on the 22nd and could see further downside with the MACD crossover and RSI divergence as confirmation. Looking for a confirmation of the trendline such as a bounce or higher lower as a sign that the bottom may be in after the long selloff since last year. I have little experience in forex and so I am doing this chart for personal ...

chasel1 chasel1 AAPL, W, Long ,
AAPL: AAPL Weekly Trendline
34 0 0
AAPL, W Long
AAPL Weekly Trendline

AAPL looks to be consolidating after the previous leg up and is approaching its weekly trendline support. Over the past few weeks it has put in a possible double top along with a divergence in the RSI so that is something to be cautious of. However, I believe that it will continue the uptrend once it finds support at the weekly trendline since a trend in motion ...

chasel1 chasel1 BAC, D,
BAC: BAC Long Term Symmetrical Triangle
82 0 0
BAC, D
BAC Long Term Symmetrical Triangle

BAC appears to be putting in a symmetrical triangle on the daily. No clear signs as to which way it may break so I will be waiting for the trendline break and paying close attention to the Major Support/Resistance lines. Feel free to share you opinions/criticisms.

chasel1 chasel1 GOOGL, D,
GOOGL: GOOGL Bear Pennant Formation
39 0 0
GOOGL, D
GOOGL Bear Pennant Formation

After forming a triple top at the upper trendline GOOGL went on a quick move to the downside and could now be consolidating before a further move. With the divergences present and candlesticks showing high amounts of selling pressure its possible that it will continue to the downside. The lower horizontal lines are levels of support to keep and eye out for or ...

chasel1 chasel1 EUR/USD, D,
EUR/USD: EUR/USD Double Bottom
21 0 0
EUR/USD, D
EUR/USD Double Bottom

As a disclaimer I do not trade Forex, however a chart is a chart and I wanted to test out an idea I had with the EUR/USD. With the recent double bottom forming and a positive divergence on the RSI a break of the neckline is definitely possible . Any ideas/criticism are welcome.

chasel1 chasel1 NFLX, D,
NFLX: NFLX Losing Momentum
110 0 1
NFLX, D
NFLX Losing Momentum

After gapping up on good news NFLX put in a shooting star on increased volume. The MACD cross over and inability to put in a new high despite consolidating inside the Bollinger Bands could be a sign that all the buyers are in and there is a possible pullback coming. A break of the upper resistance line would be a no trade for me due to the previous ...

chasel1 chasel1 TWTR, D,
TWTR: TWTR Lower Trendline Break
191 1 3
TWTR, D
TWTR Lower Trendline Break

Last one for the evening. It looks like TWTR is breaking its lower trendline on the ascending triangle pattern it was putting in. The small wick at the top of today's candle stick could have been a backtest of the trendline and appears to be forming a bear pennant formation in the short term. Will be waiting for confirmation that it is going to continue to the ...

chasel1 chasel1 FB, D,
FB: FB Bear Flag after Double Top
101 0 1
FB, D
FB Bear Flag after Double Top

FB appears to be consolidating in a small bear flag pattern after the double top neckline break. A few days of sideways action to consolidate inside the BB before breaking the 78 support would give me more confidence in taking the trade to the downside. With the double top's height it still hasn't reached its projected move of ~4.80 or ~76. Entry: 77.98 Stop: ...

chasel1 chasel1 SPY, D, Short ,
SPY: SPY Major Resistance Rejection
37 0 0
SPY, D Short
SPY Major Resistance Rejection

SPY putting in a shooting star at the major resistance and a MACD divergence could be signaling a rejection. Will be watching for any additional signs of weakness in anticipation for a revisit to the key support areas. Trading against the trend and the formation of the shooting star on low volume are two things to be cautious of.

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