It's clearly there. I watched it happen live!
Stock Markets
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Last: 27 min ago by EnronAg
Discipline of DE....we blew through 50% retracement of yesterdays down move so you SELL half of your entry.
Excellent. And this is intraday technical so while you can trade them its always higher risk because that v bottom pays short term, which is why you unload half of your weekly on the pop, in case the pattern was just that - short term. You get this pattern on daily charts you buy options out further on the V and then don't touch it as long as that v low holds. Easy stop if the pattern fails.dlp3719 said:
It's clearly there. I watched it happen live!
This is how you trade, manage risk, disciplines.
Note that NVDA then had a flag pattern and what happened the minute before it hit new high? The flag had a big red candle down. I tell you guys all the time to watch for that garbage trick.
Keltner Channel noob questions...what multiplier do you guys normally use when reviewing? Do you stick with the 20 day moving average or use a different amount?
Sleep FEYE update. Good news for our May 17 $16.50 calls. FEYE showing a rejection of yesterdays selling by an engulfing green candle. Odds become much higher for follow through upward.
Any update on MOMO for the 5/17? Hasn't had much movement, but at least not tanking.
Looking at the flag pattern, we use the length to find where it's heading. If I do that while looking at the 10min chart, it looks to me we can hit $180 if volume maintains?oldarmy1 said:
Note that NVDA then had a flag pattern and what happened the minute before it hit new high? The flag had a big red candle down. I tell you guys all the time to watch for that garbage trick.
TMO with a nice intraday V bottom.
Set up still solid on it. shallow saucer on it with nothing violated on technical.mrad85 said:
Any update on MOMO for the 5/17? Hasn't had much movement, but at least not tanking.
Thank you! I'm right there with ya!
Which would mean a mega flash down recovery and likely move upward.Rice and Fries said:Looking at the flag pattern, we use the length to find where it's heading. If I do that while looking at the 10min chart, it looks to me we can hit $180 if volume maintains?oldarmy1 said:
Note that NVDA then had a flag pattern and what happened the minute before it hit new high? The flag had a big red candle down. I tell you guys all the time to watch for that garbage trick.
Interesting. I am not playing this one, but am studying it instead. Am thinking we might get another explosion in volume.oldarmy1 said:Which would mean a mega flash down recovery and likely move upward.Rice and Fries said:Looking at the flag pattern, we use the length to find where it's heading. If I do that while looking at the 10min chart, it looks to me we can hit $180 if volume maintains?oldarmy1 said:
Note that NVDA then had a flag pattern and what happened the minute before it hit new high? The flag had a big red candle down. I tell you guys all the time to watch for that garbage trick.
Non-classic Bullish harami forming on S&P if closes above 2920. We will have 3.2% GDP all over the place this weekend so unless we close below 2900 its all good.
I hope people can view this not on a day approach but trend approach. We got stopped out of NVDA. CSCO held so far. Others made money even on the down start to the day. So we've absolutely crushed it on a high % of trades and INTC decided to screw with us short term. It happens. Manage risk, hold those that didn't violate and you end up mitigating NVDA quickly.
I hope people can view this not on a day approach but trend approach. We got stopped out of NVDA. CSCO held so far. Others made money even on the down start to the day. So we've absolutely crushed it on a high % of trades and INTC decided to screw with us short term. It happens. Manage risk, hold those that didn't violate and you end up mitigating NVDA quickly.
Thank you for all your insight.
It is very much appreciated.
It is very much appreciated.
Oldarmy1's hand holding notes for CSCO. Last trade we did had a shallow pullback when we entered so very little movement downward on our calls. This one has had 20-50% movements. I note that every other consolidation has been the same. That means nothing but now its something I'm also watching.
Sold TEUM $4.13... Hit it twice today for a profit.
I'm stuck holding NVDA at 75% loss. Probably worth it to hold on and see if it bounces since it's a 5/10 expiration, right?
"Hand holding notes" lol. Thanks oa
Nice!
The $200's? If it were me I'd either a) Leave it and hope for significant rebound Monday or B) Take remaining value and roll into 5/3 $187.50's.AggiePeeps06 said:
I'm stuck holding NVDA at 75% loss. Probably worth it to hold on and see if it bounces since it's a 5/10 expiration, right?
After the big down days NVDA has to rubberband back above its $180 line or its busted trade.
MUX up over 7% from entry (was over 8.5% at days highs) on otherwise sidelined cash. I sold half of all the big buys posted. Beats the heck outta a 90 day 2.8% CD, eh???
NFLX thinking about a bullish harami today
CX holding above yesterdays low. Markets take off to new highs I can see CX engaging for a decent initial move upward. We have time but need the markets to break through and rally next week (or start this afternoon would be fine too).
yupgougler08 said:
NFLX thinking about a bullish harami today
oldarmy1 said:
One old trader used to say that the consolidation moves on stocks were like rain storms. Sometimes the wind gust hits sending initial drop and then the rain and lightening come sending it further down and then you get that steady rain while sellers are finishing selling and buyers are buying.
Ok I'm ready for the sun to come out now.
Popcorn is ready.
SFIX peeking out above 3 day top. We get a market move our May $17's will jump from +34% currently to a home run 150%+
QCOM seems to be in a fallling wedge since the 24th. Sold my 86 calls at the spike for a 96% return.
Another old trader (that would be me) says that many times the hardest rain pours just before the storm breaks.jmcfar_98 said:oldarmy1 said:
One old trader used to say that the consolidation moves on stocks were like rain storms. Sometimes the wind gust hits sending initial drop and then the rain and lightening come sending it further down and then you get that steady rain while sellers are finishing selling and buyers are buying.
Ok I'm ready for the sun to come out now.
Popcorn is ready.
Today might have been that day.
ROKU breaking above 3 day highs
JD making a nice comeback. Looks like a nice inverse head and shoulders setting up on the intraday.
Pignorant said:
TMO with a nice intraday V bottom.
the premium on the TMO calls I bough prior to earnings that was slaughtered slowly climbing back....
My point exactly.
If I showed the forum the ROI on TSLA you'd all pass out.
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