Are Apple and Amazon expected to have good earnings. Last quarter they cited supply chain concerns
Just a follow up....I didn't get to play this being in meetings but a follow up for those defining their scalping intraday.FJ43 said:Not yet. Watch 458.02 then 458.51...both ishTalon2DSO said:FJ43 said:
Scalp chart
Does this imply the peak has been hit and its headed back down?
3 Min chart...but I watch 5, 10 and peek at hourly scalping and use 3 or less to exit if I am active.
I like stats like this... it would also bury the put holders if we gap up at open tomorrow, OPEX shenanigans.Dan Scott said:
SPY RSI at 36. At this level and lower the next day evertime going back 2 years we've gapped up to start the day. If we didn't gapped up, we closed higher the next day
Why would the top right arrow not be about 30 minutes prior on the first pull back?FJ43 said:Just a follow up....I didn't get to play this being in meetings but a follow up for those defining their scalping intraday.FJ43 said:Not yet. Watch 458.02 then 458.51...both ishTalon2DSO said:FJ43 said:
Scalp chart
Does this imply the peak has been hit and its headed back down?
3 Min chart...but I watch 5, 10 and peek at hourly scalping and use 3 or less to exit if I am active.
How I would have traded this anyway.....
The left arrow is entry long.
The top right arrow is exit long and possible entry short. Could also wait to break of 457.03.
2nd lower right arrow is exit short.
It should net you a lot more than $500, that amount will depend on your entry strategy though. I wouldn't exactly refer to it as an investment though.Fireman said:
For quite awhile, I've pretty much ignored the scalping ideas, but this post caught my attention. If you don't mind sharing, let's say you just caught the long side of the trade, exactly where your arrows show entry and exit. Would a $5,000 investment net you $500 or $600, or how would I calculate the reward / profit, ignoring any tax consequences? Thanks.
I laughed too hard at this because there's so much truth in it. It's like the drug dealer (FJ) saying, " alright bruh, the first one's free, but after that I'm gonna have to charge you".Charismatic Megafauna said:
Take your time here fj. Don't set the hook too hard, light on the drag...
What's the relevance of the 150 EMA?Spoony Love said:
SPY just touched $453.54, FJ is a genius. Let's see if the oversold bounce is happening.
If we don't get it tomorrow and it goes sideways, we could see a dump to the 150EMA around $448. I know it sounds like a lot, but it could get there in a hurry if it breaks this $453 level.
BrokeAssAggie said:
When SPY does bounce you will thinking a 2% percent type day? I guess know when really knows just curious what others think or maybe seen in the past.
Sheesh...Didn't expect it before market close though!Irish 2.0 said:
We need a 365 test. It will be better in the long run IMO
I momentum trade and outperform every mutual fund every year. Take that for what it's worth.LMCane said:
How come every billionaire and professional money manager claims that the surest way to real wealth is simply tracking the sectors and the overall indices?
and Not through day trading?
seems by the time you guys realize what is going to happen- the algos and the professionals have already traded on it.
It's actually a good thing. I'd love to have a limit down open tomorrow with capitulation, then we'd be close to a real reversal.Talon2DSO said:
Ending on a bad flush
Hopefully the Ags play like the Bears tonight.Farmer @ Johnsongrass, TX said:
Today was a real Bull vs Bear boxing match.
And, tonight, Beat The Hell Outta Kentucky!
That is all.
Gig'em!
Simple redneck terms....Fireman said:
For quite awhile, I've pretty much ignored the scalping ideas, but this post caught my attention. If you don't mind sharing, let's say you just caught the long side of the trade, exactly where your arrows show entry and exit. Would a $5,000 investment net you $500 or $600, or how would I calculate the reward / profit, ignoring any tax consequences? Thanks.