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?
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.
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.
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.
Thoughts welcome!
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
profit margin.
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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Well i'm in my 7th
Posted by buddha on 13th of Mar 2023 at 11:22 am
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
Posted by buddha on 10th of Mar 2023 at 10:06 am
Crikes was trying to play PACW and SBNY. Halt, gap up, halt pffff. Will wait til they settle.
Matt/Steve, Practicing my macro analysis,
Posted by buddha on 9th of Mar 2023 at 09:21 pm
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
Posted by buddha on 9th of Mar 2023 at 02:46 pm
Who knew GE would be the one of the strongest stocks of the day haha.
For sure! Almost all my
20ma powerful when it's not flat #SPY QQQ, the weekly ...
Posted by buddha on 9th of Mar 2023 at 02:26 pm
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
Posted by buddha on 9th of Mar 2023 at 02:18 pm
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,
Posted by buddha on 9th of Mar 2023 at 12:17 pm
SIVB didn't help the financials, down almost 50 percent.
CORN and WEAT getting some
Posted by buddha on 9th of Mar 2023 at 11:43 am
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,
So unfortunate with these China names. Seriously undervalued but the ...
Posted by buddha on 9th of Mar 2023 at 11:31 am
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 expert.
Yeah i have 5 or
So unfortunate with these China names. Seriously undervalued but the ...
Posted by buddha on 9th of Mar 2023 at 11:23 am
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
Posted by buddha on 9th of Mar 2023 at 11:13 am
So unfortunate with these China names. Seriously undervalued but the damn sketchy Chinese government/relations. No positions, fun to daytrade though.
Bought some STNG today over
Posted by buddha on 7th of Mar 2023 at 09:25 pm
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
Posted by buddha on 7th of Mar 2023 at 01:31 pm
Banks getting squashed. JPM one trendline to the other, no b/out this time!
Definitely would have preferred a
Posted by buddha on 6th of Mar 2023 at 03:48 pm
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
Posted by buddha on 6th of Mar 2023 at 08:52 am
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
Posted by buddha on 5th of Mar 2023 at 04:51 pm
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. Thoughts welcome!
Nice job on holding the
Posted by buddha on 4th of Mar 2023 at 08:25 am
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,
Maybe you guys use this, but been working/studying/trading something pretty ...
Posted by buddha on 3rd of Mar 2023 at 06:31 pm
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 profit margin.
Oh you need an entry
Posted by buddha on 3rd of Mar 2023 at 05:42 pm
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,
Posted by buddha on 3rd of Mar 2023 at 05:25 pm
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.