Too early on the long trades I think. Probably try again a little lower but shorting things to offset risk now. Exited a lot of bull positions at even. Net short now. 3900 next big decision lvel. 3910 - 3930 target area.
Similar to a few of the other long entries today, we're down to a big 76 fib. I buy 76 fibs. Same exit conditions if we break. Strongly bullish above at the support. Entering positions now.
We're at 80. Wow! While I did have this as a possible support/short target I am still quite surprised we're here. I thought we might hold 100 area. Anyway, all the way to the 261 fib of the topping swing. I'll take a bite. Long PYPL, pretty big position. Tight stop. All the pain might be in the price now.
Big inflection point for TSLA. We've dropped to the 76 fib of the last climb. Buying TSLA here and will cut the trade is we can not hold the bullish continuation trade level.
We've completed a full move down to the 161 of the big topping swing in PLTR. If anything is going to catch this for a bounce, it'll be the 161 - if my experience counts for anything. Long while we're in the 7 area.
MSFT down to the 76 fib of the last rise. Ideal spot for trend continuation. If we're holding an uptrend, this is a spot we often see buyers flooding in. Long here with stop just under the fib level. If the buy trade fails it will probably be spectacularly - stop placement very important. I think even if there is a big bear move that will be the end of the...
AAPL's action has been mainly contained in a messy range. This could be a slow complicated wave 4 and we might be due to see another big, final, burst up coming out of this range. If we are in wave 4 the signs of wave 5 being underway should be fairly clear once they start. There'll be an abrupt bottom. Some kinda sick bull candle. Bearish sentiment taking...
GME has retraced to the 76 support level. If the last move up was a bull break this should be about the low of the drop. Entering long around 100. Tight stops just under the 76. If the bull move here fails on the 76 there's no reason to hold long positions. If there are bulls in the market we should see a strong move up some time in the next 3 days. Buying...
We're into the 161 of the topping range on AMZN. We should get a big decision on direction soon. As a general rule 161s that break will pullback just before the 161 and 161s that hold price crashes into them and then stalls up. We currently have action more consistent with the latter in AMZN - but we are a bit under the 161 and we need to see bulls come in, in...
Been a while since we've been able to do any updates. I had some family issues and then became quite unwell myself. Missed some of the most interesting trading months in a long time, but there's always another trade. Phasing back into full time trading now (Home for the first time in a month). SPX has spiked under the low of the last big decline. This could...
Buying SPX. We're into a critical support zone, if we break under here I will flip short on the breaking of my stop loss but I like the RR buying here. We might have made the low of the swing and a breaking of the current resistance may signal a low being made.
Trailing up stops on my lower entries on GME and adding to my long positions now quite tight stops are available on new entries. Been accumulating long positions on GME with trailing stops since around 80. After we hit my long term short area. GME may be in a move similar to the range after the 200% one day increase after the first big GME crash to 50...
Taking long positions in AMZN with fairly tight stops. We might be heading into the strong squeeze pattern spoken about in a previous potential trade plan. Going to take tight stop entries if I can get away with them and look to build a position in this. If the trend does not hold higher lows I'll trim down long positions via trailing stops or stops on new entries.
Price has ranged a bit since my last entry. I think this is a fairly positive sign. I'm adding to this position. Would also buy a spike under the last low of it came.
We're in a move that looks a lot like a classic bull trap move. Price has sold-off then it's retraced 76% and now it looks like it might sell-off again. These could become strong bearish signals but I find myself very sceptical of them with the thoughts of the trap BTC laid out after the 50% crash which looked and felt like this in real time. Here's an...
Good support level. It's possible we seen the final headfake of the down move during that last swing. Strong RR opportunities here.
Adding long positions in NFLX and also starting to aggressively short puts. Shorting them for small timeframe expiry close to ATM and willing to be filled on them while above my stop loss price indicated in the chart above. Also buying some ATM calls for NFLX with 1 - 2 months on them. I think a bigger move might be coming soon.
I think we're getting close to a bigger bullish breakout in PYPL. Adding to my earlier positions.