3309 Drysdale Ct
Edwardsville, IL 62025
Well i'm in my 7th halt on believe on PACW lol. Long at 5.50.
Got 1/2 out.
Crikes was trying to play PACW and SBNY. Halt, gap up, halt
pffff. Will wait til they settle.
Matt/Steve, Practicing my macro analysis, looking for
feedback. Was looking at the monthly dollar. Had a solid symmetry
break on the last move. Definitely not a bearish chart, has strong
support at 27, butttt often times when you get a hard, straight
selloff, you see a retest, some form of a W. Would be quite a
narrow V if it shoots straight up. The weekly is up 5/6 weeks
straight. As a commodity bull, curious to see how it plays out. How
would you guys map it?
Who knew GE would be the one of the strongest stocks of the day
For sure! Almost all my swing trades are in the direction of the
20. With the exception of the waterfall/extended plays, and
systems. Love those as well.
20ma powerful when it's not flat #SPY QQQ, the weekly still
slightly rising, glimmer for the bulls. The monthly is curling down
as we know.
SIVB didn't help the financials, down almost 50
CORN and WEAT getting some good climactic shape on the daily.
Have a small list of commodities i'd like to play. No positions at
the moment. UCO, CORN, WEAT, maybe UNG again. Don't love the daily
gaps on coffee and sugar.
Lol forget i said undervalued, i only trade price. I've done a
lot of reading on these names, but i'm definitely not a valuation
Yeah i have 5 or 6 of the 'better' ones(lol) i
trade/watch. JD BABA BILI BIDU PDD BEKE. JD probably my favorite
trader, getting extended here.
So unfortunate with these China names. Seriously undervalued but
the damn sketchy Chinese government/relations. No positions, fun to
Bought some STNG today over yday high, above 57.50/58 looks
solid on triggers. Sector still looks solid, pulling back
after some nice moves.
Banks getting squashed. JPM one trendline to the other, no b/out
Definitely would have preferred a gapdown today, didn't chase
anything, Sunday ideas holding up fine, no triggers. ACAD held
20.00, inside bar. JPM even better than yday, small bar at the
b/out zone. STNG shakeout lower, but closing above support. Needs
to break the 60 min downtrend. Still valid. M broke below narrow
bar, off watch.
Natgas -12%, seriously this thing is gnarly. Bearish gap Taking
out 3 days of buyers, but into the curling daily 20. Near the 60
min 200 as well. No position, curious to see how it acts.
Just a few ideas this week, don't want to clutter things up. 4
different patterns i like, which is cool! JPM: breakout and
ascending triangle, bigggg level, stronger chart than XLF or SPY,
tenth time its been at this area, but XLF, SPY nearing a
curling 20ma, how will it act? Looks higher. STNG, strong
chart, W pattern, 3 types of support, enter over doji bar, or over
the little hump above. Stop below this current bar. ACAD little buy
setup near 20ma and prior pivot, stop under 20ma safest. M is an
interesting 3 bar play, just post earnings so maybe gets some
attention for a bit. I like the tiny bar after the big move,
back into it's larger pattern as well. A move over the wide range
bar would break a pivot. Enter over wide bar, stop below narrow
bar, price breaks below narrow bar first, it comes off list.
Nice job on holding the Natgas trades guys. In hindsight perhaps
i should have been buying UNG instead of BOIL, leverage in a
powertrend is nasty. Going to make a note in my trading plan. 100%
conviction in the trade, as it's a commodity, not Bed Bath and
Beyond, but didn't add as much as i planned, and the pain memory of
being down caused me to exit with a decent winner, but not
certainly what i had hoped for. Had visions of cigars and champagne
on this trade, ended up with a case of keystone and a pack of
menthols lol, and i don't even smoke. The psychology of this trade
was absolutely fascinating, and worth it, in my opinion.
Thank you! Needs more study, and i need to see how it works on
the short side. Similar i imagine. I usually sell too early lol, so
having some bigger targets, with some technical backup, is very
helpful. More 'r's on winning trades would definitely help with the
Oh you need an entry setup on those, often over the base! Or
somewhere around the 2 or 5 min 20ma on a pullback. Price usually
waits for it to catch up after the first thrust.
Maybe you guys use this, but been working/studying/trading
something pretty awesome, symmetry/momentum intraday, the measured
move i suppose. I guess it's an ABC? Needs a cooler name.
Maybe ZZ Top trade because she's got 2 equal legs? haha.
Essentially it's symmetry applied to intraday moves to find
targets. Sooo many reach the target, almost exactly, it's crazy.
The most important component is the initial thrust, straight up
that doesn't extend too far! A powerful move, without pullbacks.
Something popping on volume, for me it has to be a good chart of
course, not a thrust into ma's or something. Corrects over price or
time, and moves higher, equally! Measure from swing low to swing
high on both legs. I've always loved this trade because it has a
target you can generally rely on, recently starting drawing some
up. Took a couple of these, 90% are right to the penny, some come
up a little short. My number one trade pattern i'd say, at this
point. Works on the gappers as well. Thoughts welcome! Any of you
use this intraday? I know we use on larger time frames.
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