It's a setup to use on any timeframe... however what I've discovered in my infancy is that you need to draw your target lines on the same time frame...Bonfire97 said:
Are yall looking at the 8/21 EMA on a 1min interval chart?
Filled and stopped.irish pete ag06 said:
Got a bid set on the Jan 27 140P for Meta
I like the setup to the downside with the 50/200 cross on the 5 minute as well.
My stop is a 5 minute candle close above the 50 SMA (orange line)
Not filled yet. Being patient on the entry.
If this fills, Target 1 is 140.89, Target 2 is 140.33
Sorry I should have been more clear.Spoony Love said:
I'm not sure it's bullish to say we get back to yesterday's close. $30k seemed to think the market would shakeoff MSFT earnings and I think we are seeing that.
irish pete ag06 said:Filled and stopped.irish pete ag06 said:
Got a bid set on the Jan 27 140P for Meta
I like the setup to the downside with the 50/200 cross on the 5 minute as well.
My stop is a 5 minute candle close above the 50 SMA (orange line)
Not filled yet. Being patient on the entry.
If this fills, Target 1 is 140.89, Target 2 is 140.33
In hindsight, this was not that great of a setup. META was chopping as indicated by the EMAs flipping 6 times in the last 2 hours.
Stop was on that candle close above the 50SMA
This was, sadly, a bit of a force trade I think (was busy at work and was not able to trade any this morning). I'm still refining this system, but the 6 flips in the last 2 hours is a good indicator that premium is just being burnt.
irish pete ag06 said:irish pete ag06 said:Filled and stopped.irish pete ag06 said:
Got a bid set on the Jan 27 140P for Meta
I like the setup to the downside with the 50/200 cross on the 5 minute as well.
My stop is a 5 minute candle close above the 50 SMA (orange line)
Not filled yet. Being patient on the entry.
If this fills, Target 1 is 140.89, Target 2 is 140.33
In hindsight, this was not that great of a setup. META was chopping as indicated by the EMAs flipping 6 times in the last 2 hours.
Stop was on that candle close above the 50SMA
This was, sadly, a bit of a force trade I think (was busy at work and was not able to trade any this morning). I'm still refining this system, but the 6 flips in the last 2 hours is a good indicator that premium is just being burnt.
That's why you define risk and honor it, you idiot.
I didn't want to be the one to tell you. We all enjoyed watching from afarirish pete ag06 said:
I'm trying to carry the torch or talking to myself
did go nuclear 4000c and sold at the 3985ish stall, made a great return but again didn't hold for the moon shot$30,000 Millionaire said:
Had an OK day but should have gone nuclear long on the downtrend break
SPX has way more liquidity and cash settleswanderer said:
because it's 10x the cost? Trading SPY would be a lot more similar to XSP (except that it doesn't cash settle and has much tighter spreads)
Guidance was what MSFT reacted too as well.Dan Scott said:
Muted reaction from TSLA. Guess it comes down to the call and guidance
Boy Named Sue said:
Rystad report on Freeport LNG (that reopen would be delayed until 3/1) is false, per company. Supposed to be running wide open next week. Suspicion is Rystad has short position.
2/17 $155 calls at $2.55 look good to me. Anyone have thoughts?
Farmer @ Johnsongrass, TX said:
CVX raises div 6% to $1.51 from $1.42 and a $75 billion share buyback. AH looks great!
Could XOM be next?
Banger.
