I am not trading very actively last few days. Watching my very profitable AAPL options swing.
Sightings
Tis one is just a thought. The R/R is good here, despite the forbidden entry on the descending See-Saw. But I want to try these kinds of setups in the future. What is a good name for this? Messy BO?
Entry could be tweaked to more than 4x, but yeah realistically in a dynamic situation this could be hard to get very small stop in.
Same chart but BO.
So right now market is basically going, one way or another. Hyperbolic moves. This is not exactly a market friendly to my main strategy: FB.
So I think I am going to start integrating BO into the system. I tried it in the past, but it was never an intraday only level setup - it was based off hours of research done in previous days.
The gist is (I will codify it eventually) to look for repeated resistance on rebound (intraday only!), then set your entry just past where the breakout point is. Stop can be exactly below the level.
You can see in the image above 11:40, 12:15 to 12:30 we have repeated tests, which are then violently broken (on massive volume) resulting in huge run up.
This is pretty classic setup G describes constantly and K trades this kind of thing all the time.
I have to integrate BO. FB is very hard to trade in this chaos.
All that said META gave 2 very obvious opportunities for FB today, based on my classic setup of pre-market resistance (algos)
ORCL shown V formation recovery today, G mentions this but I never really got full clarity on how to trade it. Kinda looks like a standard BO entry.
G also mentioned this in one of his videos, called it Base Breakout (falls under False Breakout). In Russian it was called something like Base Destruction or Base Fall.
Its a simple and dumb strat, kinda looks like algoes going for liquidity zone then going back. Notice its doing this in potential short zone while INTC is hitting its ATHs last week+.
Thanks for your stops suckers, see ya!
ADBE mirror level B, classic.
AAPL is insane today. I think someone is trying to eat up as much liquidity as possible before a further move up, but you never know (could be dumping their position too).
I am heavy on calls since 265, so doesn't really matter, but this is essentially as untradable as it gets. I exited my small position from yesterday (shares) for a small profit.
TSLA gave pretty easy support bounce today, but this kind of setup requires eyes on the charts all day, and I am trying to trade from work... which is fucking next to impossible.
One more thing: I am thinking of adding another trade type to my setup called Relay. Named after Olympic Relay. Essentially its a continuation trade where you expect price to keep going in the direction. CRWV today was perfect for it.
But like BO, this needs to be fleshed out first before I can systemically use it.
