well, this was a fail. but i'm making it back up now with TSLA putssts7049 said:
my gamble this week is on weekly AMD calls
Stock Markets
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Last: 2 hrs ago by FishrCoAg
Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
You don’t trade for money, you trade for freedom.
Ranger222 said:
Markets have had a lot of opportunities to crack 390 and haven't. Looks like up
you fool
Honestly surprised at how little fight 3855 put up given what Mancini said yesterday about it being strong support. Agree with your advice to sit tight for a bit here and see if this was a false breakdown before the bulls reclaim 3855 and try to stage a rally from there. If so, this could be a great place to pick up some well-timed calls.$30,000 Millionaire said:
Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
Support and resistances are zones, not exact. An overshoot is normal as long as it reclaims quickly.J.P. 03 said:Honestly surprised at how little fight 3855 put up given what Mancini said yesterday about it being strong support. Agree with your advice to sit tight for a bit here and see if this was a false breakdown before the bulls reclaim 3855 and try to stage a rally from there. If so, this could be a great place to pick up some well-timed calls.$30,000 Millionaire said:
Here is your dip if it holds this level. Let price react first for ~30 minutes to confirm stability.
The volume is not exceptional, that should tell you something about the move. A bunch of people got long at 3940 thinking 4000 was inevitable. Market will cause pain under those circumstances. I personally wouldn't be that worried unless 3800 trades.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
It's an xsp exp day...
This level has clearly defended.
If you go long, your stop is just below today's low. Buy time or buy shares. No 0 DTE.
If you go long, your stop is just below today's low. Buy time or buy shares. No 0 DTE.
You don’t trade for money, you trade for freedom.
Because I am always trying to teach you guys - this may not work - but I bought UPRO at 36.97 with a 36.25 stop, GTC. I will take some profit at $38 if we get there and move stop to B/E.
Why that stop? Below that point we will gap fill from Friday's breakout.
Why that stop? Below that point we will gap fill from Friday's breakout.
You don’t trade for money, you trade for freedom.
guess notAgsMyDude said:
You take a sabbatical?
its eerie sometimes how well the charts follow certain moving averages....
I like to watch the 4h charts, and I use the 8 and 34 periods as my MAs. Since the decline in January, the 4h SPY chart has followed the 34 MA down as resistance during the declining periods, with only two instances breaking above the 34 MA - once between mid-March to mid-April, and then again from late May to early June before the recent decline. We are now testing the 34 MA again through the first part of this week, and failing. The current 4h candle has met the 8 MA below as support. The same candle has happened before - on the morning of April 21st, right before a new declining trend
Tried to mark those candles with white arrows
I like to watch the 4h charts, and I use the 8 and 34 periods as my MAs. Since the decline in January, the 4h SPY chart has followed the 34 MA down as resistance during the declining periods, with only two instances breaking above the 34 MA - once between mid-March to mid-April, and then again from late May to early June before the recent decline. We are now testing the 34 MA again through the first part of this week, and failing. The current 4h candle has met the 8 MA below as support. The same candle has happened before - on the morning of April 21st, right before a new declining trend
Tried to mark those candles with white arrows
Effectively, yes.AgsMyDude said:guess notAgsMyDude said:
You take a sabbatical?
I have some time today and there has been vol.
You don’t trade for money, you trade for freedom.
good for you!
Feeling like Jessie Spano this week. Went from so excited to so scared right quick.
Brian, are these caffeine pills?!?
POTDBaylorSpineGuy said:
Brian, are these caffeine pills?!?
The vast majority of "experts" and charts had the market making a nice move this week. It's funny to see how they backtrack once the opposite happens
wanderer said:POTDBaylorSpineGuy said:
Brian, are these caffeine pills?!?
He put his mind to it. Went for it.
This. One very important thing I've learned in my journey so far is that the only people you want to follow on Twitter and elsewhere are the ones who speak in terms of "If _____ then _____," because it means they're reading charts and waiting for confirmation before making a move, and they're humble enough to know they could easily be wrong.Lake08 said:
The vast majority of "experts" and charts had the market making a nice move this week. It's funny to see how they backtrack once the opposite happens
Nobody bats 1.000, especially not in this market, so run as fast as you can from the guys who make it sound like they do.
Added to my JPM puts.
hope you took your TQQQ profits
Bulls had to hold 3895 this morning after 5+ tests, it caved with 3855 1st level to the downside. #ES_F spending a couple hours in this zone and so far no push from bulls. Unless bulls can push >3860 now (squeeze), 3805 next down. Backtest of last weeks breakout and *must* hold https://t.co/zeBzi2nito
— Adam Mancini (@AdamMancini4) June 28, 2022
down here??BaylorSpineGuy said:
Added to my JPM puts.
I think from a seasonality standpoint, this is just our end of June dump. If only I had traded it...
BREwmaster said:down here??BaylorSpineGuy said:
Added to my JPM puts.
I think from a seasonality standpoint, this is just our end of June dump. If only I had traded it...
But I thought it was suppose to go higher because end of quarter window dressings…lol
Damn :/ got too greedy waiting to layer on my SPY $360P when we got to $400
115P expiry 9/16. Expect we will be in low 100s at that time.
It popped up and rallied down today. Good day to add IMO. Had rallied up for a few days.
It popped up and rallied down today. Good day to add IMO. Had rallied up for a few days.
Didn't hit my 30 limit price.
Anyone considering buying TQQQ at $25?
Felt like a weird day, overall seemed pretty quiet but the losses stacked up as the day went on.
star if you made money today
In the interest of helping: what is your reason for buying it here?Jet Black said:
Anyone considering buying TQQQ at $25?
You don’t trade for money, you trade for freedom.
Trading yes, portfolio, lol.sts7049 said:
star if you made money today
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:In the interest of helping: what is your reason for buying it here?Jet Black said:
Anyone considering buying TQQQ at $25?
Boredom. I actually didn't buy it.
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I made a little on the first move up. Then I was busy and everytime I checked back in I didn't like the setups. I kept thinking we might reverse and I didn't have enough time to actively monitor so I sat out.
What did y'all do here?FJ43 said:Yup. Trend, SR and a Fib. We shall see. I'm being patient for the next short play. Would like to see 383-388ish then short out a bit.lobwedgephil said:
Interesting rejection for now, Powell will decide next move.
Has to get over the above rejections though.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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