Looking at higher time frame, we can see that the lows were taken out, liquidity collected, and buyers jumping in. If the buyers keep the momentum going, we should see price hitting $7 area. Buying ourselves some time for option expiry is not a bad idea.
Adobe potential move to 585-590 zone. Today we have the Fed talking in the afternoon. We will see how the market reacts to it. However I trust technicals, and I believe in order to make good money in this market, you need to enter when institutions do, and get out when all retailers jump in. Too many confirmations kill profits. This is a riskier idea, and I...
We can see that price had a hard time breaking through 44-45 zone in which the price sharply dropped to the 38 area. I have been patiently waiting for a rebound to a more favourable zone for entry. And now its here. Today we have the Fed talking, as well as the market has been bullish since open. And most might argue that this is a risky setup going against the...
Bullish opportunity on GM. This one might be a bit on the riskier side. However I like to enter before everyone else does. And that means identifying areas/levels. Mainly where stop orders get hunted. Mid December expiry. Options.
Despite the negative news, market has its own mind. Its been only going higher. COSTCO seems to have ran out of gas, and shorts may be taking over soon. The idea is to get in as early as possible, and get out when the rest start to jump in. Shorting COST to the $530 area. Since risk management is key, and COSTCO is an expensive stock, Iam going to purchase a...
FCX took out the previous lows, taking out some stops, collecting liquidity, and now potentially pushing higher. at least momentarily.
Meta was not able to hold above the previous highs (higher time frame). The buyers ran out of fuel and it seems like sellers are taking over at least for now. Taking a short position to $275 area. For me, its an OTM options on this trade, to keep my risk exposure as minimum as possible, while trying to gain the max profits from this opportunity. Beginning of...
Market sentiment is currently towards the downside. However WBA looks good for a trade towards 24.5 level. Beginning of December Expiry *options* Remember, the hardest trades are the good trades. For me thats when I jump in on an opportunity before the rest do. I dont look for too many confirmations to get in. I think too many confirmations kill profits. However...
Good morning, The market has been in an interesting place recently. For now, it seems like pressure is on it for lower. Until proven otherwise. A potential good short opportunity for a stock right now is NYSE:RIG , aiming to reach $7.50 by end of October or sooner. Note: Options position
3943 is an area of resistance that we can use to take a scalp short trade to around 3937 and lower. Keep your risk in mind. Good luck!