Bearish price action is forming in the US Dollar on the higher time frame charts. On the weekly charts an evening star pattern has formed on a bearish pin bar is currently forming on the monthly. Price action next week will tell us a lot about where the dollar may be heading, but if the dollar closes the month even weaker then it is right now it could mean...
A bearish flag has formed on the intraday chart. A downward break of that flag would set up a short term bearish trade with an optimal price target of 1185 and potentially lower.
I have been wanting to get long-term invested in the stocks that I think will greatly benefit from future technology trends. I believe that pure robotics are further in the future than most people realize, but wearable robotics are much closer to adoption. With that opinion I want to be positioning myself in the exoskeleton market. There are a number of very...
In this video I cover a short straddle trade in QQQ that has a slight bullish bias to profit from both a price pop as well as the high implied volatility in this underlying. **Current Market Structure** -Medium/Long term bullish trend -Price is reaching some key support areas at 175, 171, 170 -Bearish weekly candle may see prices push lower but I...
Short Strangle, 30 delta (31/38 strikes), 37 'DTE, $1.00 credit
Short Strangle, 25 delta (109/114 strikes), 37 'DTE, $1.30 credit
Short Strangle, 30 delta (39/42 strikes), 37 'DTE, $1.25 credit
Short Strangle, 20 delta (68/75 strikes), 37 'DTE, $1.07 credit
**Market Structure** *Market has been making higher highs *Large rejection off of the key support zone of $67 - $66.40 *Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar **Trading Ideas** *Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80) ...
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...
1)Market is in an uptrend 2)Market has pulled back 3)Market has thrown a bullish buy signal for near term support level As shown above, the market has provided the 3 key components for getting directional. This could provide a good risk/reward setup to get long.
There is call skew in TSLA right now which makes call selling more profitable than put selling. I am going to take advantage of the high IV and the call skew by selling premium on the call side. In addition there are 2 long tailed bearish candles, one of them being a bearish pinbar, which could signal weakness in the short term. Keep in mind these bearish...
The day after earning I sold 160 strike naked puts for $2.74 credit each. These options have a 30 delta at the time. This is a neutral to bullish strategy. The idea behind this trade is a contrarian play into high implied volatility. The idea being that after such a massive selloff the bears will exhaust soon and we will see a pop in price and volatility will...
There is no real clear price action direction, this chart has even room to run in both directions, and the 'IVR is high which makes it a good candidate for a short premium trade. I am selling a straddle as I can collect 10% of the underlying in premium in just 46 days.
This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...
A bullish pinbar formed yesterday in the daily candlestick chart. This pinbar occurred from a small pullback, off of near term support. Bullish pinbars are patterns that show a false break lower, where there are now traders to went short as it dropped, but when price got pulled back up those traders are now trapped in losing positions. This signals a market...
A bullish pennant forming with a potential for a large breakout to the upside. See chart for pattern and price targets.
Selling premium into large selloff using naked puts. Sold the 30 strike put for .96, 33 delta, 50 DTE. This stock is 30% off from its high and pretty beat up. Hoping for a price pop from major support.