I made 3 stops on NFLX today, and missed out on AMZN. AMZN was still profitable, but I exited too early because I entered too late and the dip was past my entry. Mistake was not having a buy order set up at the level I've set before…
This was significant of a day to record some thoughts on it. We basically had a negative mood reversal on the market, because trump announced that attack on Iran is almost done (the goal is to eliminate its nuclear bomb capability). Daily levels played out really well, see: https://nasdaqnostalgia.…
Try to enter when the direction has established in the direction of your trade. For example: on bounce, on false breakout counter-reaction etc. Don't try to catch peaks of the extremes, but do use them as stops. * Don't enter F.B. when approach is smooth and…
Here is an initial take on how to spot limit orders that are established in pre-market session. The patterns are both obvious and less than obvious. Types of patterns: * Limit order aka LO * Mirror Level * Premarket High / Premarket Low aka PMH/PML * Chopped Candle aka CC * Post Consolidation Extremes aka…
Todays charts where ILP has shown itself (just what i found in under an hour) JPM in 2 charts..…
To jump in on recovery. Watch out for those.…
First day of getting up pre-market. Not a must, but a huge + as most setups happen around 9:45. Missed this one... even when looking directly at it. Need to develop the eye and the hand for it. Also ORCL, missed as well... need to note this time 11-12, lots…