the_get_man

the_get_man

The similarities are miraculous, and so shall the profits be.........

the_get_man Updated 

Hey Guys I am back and I have been on a day trading mission developing a new strategy. Anyway what your looking at here is a short trade. I know MNKD has to raise money and it is going to to happen if not in the next two days then sometime soon. My guess is before the end of the week. Be careful of any pumps of this stock, dont get squeezed out, and hit it heavy....

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When BTC was hitting the $5000 mark it got shorted to death. The same thing pattern is happening at $6000. As a result I was able to catch near the high with $6 worth of risk. Stop at 6001.88. Not sure if it works but a trader once told me history likes to repeat itself. Oh yeah the risk on this trade is 102:1. I would have been crazy not to hit it with...

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BMS gapped up on strong volume. I am looking for a retest of the open on the gap to get triggered in. Not sure if this get triggered in but it gives me 2:1 with a conservative stop and a conservative target

the_get_man

I really like the Euro/USD short at these levels plus the spike that formed at another failed retest of the highs. Today looks like a retest of the neck line and Monday means straight downhill. I dont know anything about trading Forex pairs just the patterns and price action looks like a good short. What doesn't look good about this trade are 2 things that the...

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An update the chart i posted yesterday...Lets see what VZs response is to Sprint because it could be the catalyst I'm looking for at this current buy level

the_get_man

Looks like a nice buy and hold opportunity for all you dividend investors

the_get_man Updated 

I don't really drink coffee but I might be buying a cup of JO today. I really like price action down at these levels. As far as technical analysis goes I like heavy volume gaps that form a doji at the bottom of a channel after a down trend. I think we gap up on Monday. I have never played this setup on an ETF so not sure how good it will work. The reason being...

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It Looks like KO is setting up for a nice buy and hold situation the stock has been on a move when its peers have been showing weakness. I got the stop kind of tight on this one since it has the 10ema, 100 simple, and 50 simple above it. The Moving Average to worry about before the target is the 200. Setup: Trigger: 41.96 Stop: 41.36 Target: 44.23 I would also...

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Looks like APO gapped up today after a bullish divergence helped identify a bottom. This also looks like a bottom because of the star reversal pattern and the bullish engulfing of that spiking candle. The stock also closed above the 50ema on the hourly chart which is a good indication of a bullish move ahead. This is the setup: Trigger: 22.37 Stop: 21.96 Target:...

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(VCCBO) = Volume Confirmed Consolidation Breakout. (OR/NS) = Old Resistance/New support SEDG broke out of consolidation on high volume. The gap up is a retest gap and today it looks like it is retesting old resistance which is holding as new support. this retest has also filled the gap Since I dont want to be in this play if the 14.50 mark doesn't hold I am...

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This is a serious base forming that is tired of being so low. Just from the technicals and the crossing of some pretty significant moving averages. If we can get a close above 39.68 with some volume in the 10 -12 million range i would confirm a nice consolidation breakout. Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a...

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CVX is one of the most bullish stocks I have seen so shorting this will be tough but a head and shoulders has formed and support has been broken by a bearish candle with good volume. I think the stock will retest the neck line for an entry and then trade down to the 200-simple. Here is the setup Trigger: 99.36 Stop:101.01 Target 1:96.07 Target 2:...

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This is an ugly chart for those who are bullish on GILD. I do not hold short biotech positions overnight so I will not be entering this trade. This chart is just to show that the recent crash in biotech still has a way to go.

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So I have been using RSI and the 20 level on triple leveraged ETFs and is has been going nicely. Today I noticed a pattern. A double bottom on the RSI led a huge upside run that lasted for 8 months. Well that pattern has formed again. Will it lead to a bullish run I am not sure but this trade is very affordable and can triple your total initial investment if it...

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XOM reported earnings Tuesday and could not break 82.50. As a result, we have a near perfect tweezer bottom located at major support. The stock has bounced 4 times from this level. In addition to the technical, we have an the following event factors working in our favor for a bullish run: dividends, less regulation proposals, and Iranian oil import sanctions. Not...

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XOM setting up nicely for a Low-Risk/High Reward Protective Put over earnings. Heres the setup: Long XOM - 85 Long FebWk1 85 Put - .88 Limit/Debit -85.88 Target: 91 Max Profit - 5.12 Max Risk - .88 R:R - 6:1 Plan A: If trade goes my way, i will place a hard stop at 84, hold stock for dividend, and sell half my position at 87.90, if and only if, the stock price...

the_get_man Updated 

BIIB is in a channel and is in a buy low, sell high situation The RR on this trade is 11:1: Trigger: 272.98 Stop: 267.86 Target: 329.36 Plan: Not sure if this trade will trigger because it is at a strong support and has formed a possible double bottom drawn in blue. I will leave this trade open for the rest of the week. If triggered I will set and forget stop...