Posted by curranjohn on 24th of Nov 2021 at 10:44 am
Hi, new here. Now that GOEV has broken through that line, would
you buy on a pullback? Or were you advising to buy it as it hugged
the line anticipating the potential breakthrough? Thanks in
advance for clarifying. I want to make sure I understand exactly
how to utilize the information in a given juncture.
curranjohnwelcome! As Steve mentioned we all have to find
our style, etc, that said for GOEV, it was setup as a bull flag
with good volume patterns. A day trader could have caught a nice
quick trade through that downtrend line this morning and have been
out. The trendline on the daily chart was broken probably within 20
min of the open. A hybrid swing trader (one who does some day
and swing trading) might have bought that initial trendline break,
then sold 1/2 of his position after the morning move, while still
keeping the other 1/2 shares with a stop in case it continues
higher. The chart looks good but is a bit separated from its 9
EMA
also I have a question for you outside of this - I sent you an
email - check your email, thx
Posted by curranjohn on 24th of Nov 2021 at 01:13 pm
Thanks for the info and welcome Matt. I don't see an email from
you. I checked junk folder. I also do not get the newsletter emails
yet. My profile has the correct email address.
curran_john@hotmail.com
Welcome - first of all you should have a methodology to how YOU
TRADE in place prior to executing any setups. What matters is
your style not others. The setups are simply guides (as we
cannot make recommendations). We prefer to see triggers on
any trade setups in accordance with your time frame.
Specifically for GOEV, it was a momentum setup as you can
clearly see on the chart as it's been moving higher recently.
For me, it's simply a trade (sold most and will keep an
runner with a stop at entry) but you should formulate your
plan
Lastly, make sure you click on the where it says Title in the
sticky post above and read that discussion. We provide a vast
amount of education here that will become apparent over the coming
months by listening to every newsletter and other educational
posts/material.
Posted by curranjohn on 24th of Nov 2021 at 11:11 am
thx. working on my style. Your explanation helps. I don't
understand what you wrote here:
"says Title in the sticky post above and read that
discussion"
Is this the sticky post? Not sure I see what you
mean.
Hi, new here. Now that
GOEV Updated View
Posted by curranjohn on 24th of Nov 2021 at 10:44 am
Hi, new here. Now that GOEV has broken through that line, would you buy on a pullback? Or were you advising to buy it as it hugged the line anticipating the potential breakthrough? Thanks in advance for clarifying. I want to make sure I understand exactly how to utilize the information in a given juncture.
curranjohnwelcome! As Steve mentioned we
Posted by matt on 24th of Nov 2021 at 01:00 pm
curranjohnwelcome! As Steve mentioned we all have to find our style, etc, that said for GOEV, it was setup as a bull flag with good volume patterns. A day trader could have caught a nice quick trade through that downtrend line this morning and have been out. The trendline on the daily chart was broken probably within 20 min of the open. A hybrid swing trader (one who does some day and swing trading) might have bought that initial trendline break, then sold 1/2 of his position after the morning move, while still keeping the other 1/2 shares with a stop in case it continues higher. The chart looks good but is a bit separated from its 9 EMA
also I have a question for you outside of this - I sent you an email - check your email, thx
Thanks for the info and
Posted by curranjohn on 24th of Nov 2021 at 01:13 pm
Thanks for the info and welcome Matt. I don't see an email from you. I checked junk folder. I also do not get the newsletter emails yet. My profile has the correct email address. curran_john@hotmail.com
Welcome - first of all
Posted by steve on 24th of Nov 2021 at 10:52 am
Welcome - first of all you should have a methodology to how YOU TRADE in place prior to executing any setups. What matters is your style not others. The setups are simply guides (as we cannot make recommendations). We prefer to see triggers on any trade setups in accordance with your time frame.
Specifically for GOEV, it was a momentum setup as you can clearly see on the chart as it's been moving higher recently. For me, it's simply a trade (sold most and will keep an runner with a stop at entry) but you should formulate your plan
Lastly, make sure you click on the where it says Title in the sticky post above and read that discussion. We provide a vast amount of education here that will become apparent over the coming months by listening to every newsletter and other educational posts/material.
thx. working on my style.
Posted by curranjohn on 24th of Nov 2021 at 11:11 am
thx. working on my style. Your explanation helps. I don't understand what you wrote here: "says Title in the sticky post above and read that discussion"
Is this the sticky post? Not sure I see what you mean.
Top Down Approach Discussion and how to View BPT - Click on Title
Yes, The faded yellow post
Posted by steve on 24th of Nov 2021 at 11:31 am
Yes, The faded yellow post at the top of the Community