MSTR - Chart Link 60 min

MSTR - Chart Link daily

nice setup!

no way - I don't have it open so I don't remember the exact parameters, but price has to have closed consecutively above the 8 day MA for at least 30 bars or something, it's only been over 10 bars now.  And the 60 Stochastic has to have been trending above 80% for quite a while, it's only been above 80% for about a week. 

that correction in April basically reset everything 

Matt - Is there any chance that any of the short systems could trigger for a reversion or an exhaustion?  

IREN ... Iris Energy ... thought this was an O&G play ... but looks like it's a Bitcoin miner ...

The one I use is called Gap Detector (Asch) I don't adjust any settings.

Sorry, incorrect link.  Here's what I meant to post: 

Thanks kab34 !!!    When looking at indicators seems there are several Gap Detectors in TradingView.   Which do you use and do you have a particular length/width setting ?     Thanks !!!!!

MARA is a meme name so held up better of late 

Bummer I got stopped out of CLSK yesterday (the STS survived by like $.07). But I still have MARA, MSTR and BITO. 

MSTR hod 

Thanks Kab....very nice!

Crypto going crazy. I'm getting crazy FOMO calls from people that normally don't have a strong opinion.  

Just now: 25% allocation to IBIT. No stop. Market order. NOW.

Ok...your call   

Probably close to a near term top, but we'll see. 

Nice!

$SPX - Chart Link - break of structure forms a demand zone 

For those who use TradingView, did you know there is an indicator called Gap Detector? Very cool! 

Up $2 bucks or so since this post.  But it's a 38 dollar stock so I'm not letting go for anything less than +20. Lol. 

I'm not a breakout trader (the odds typically favor the fade). I don't like the R structure most of the time....although it definitely works for some people. Also, I dabble around the edges, but medium term moves in the large indexes is my primary game. To each his own. My style is a little problematic in this environment...it will change eventually (I think?). For example, after a trigger in the daily STS systems my trading plan is to look for an entry on the 1hr time frame (especially if it's a breakout trade...I don't like playing those and would rather enter on first pullback). That's all good unless there's not an objective pullback on the 1 hour times frame. Historically, I should just be patient and not change a strategy that is proven over time, but it does "feel different" sometimes and leads to self doubt. Part of the game.

In this currency dilution environment, I think I definitely need to accept that sideways in time might be the new pullback. The're just too much capital chasing too few assets and people are panicking in at any sign of weakness. 

If you can't find pullbacks to buy, buy breakouts instead. There have been plenty of those lately. Some examples - CAKE (Monday), ERJ (yesterday), CLS (today). And some strong stocks that I have been swinging in and out around my core position on pullbacks are AEYE and ALAR. Want a good pullback buy today? How about SIMO? There are plenty of opportunities out there in a bull market. 

Blew away the 50 MA