NFLX is a massive loser right now, consistently most days. Any extremes seem to lead to further downside. Maybe its a good idea to short these spikes? On the other hand QCOM is the opposite. Maybe this is what A.G meant when he said trade in the direction of…
Had a +1R fairly uneventful day today. Didn't stay in MSFT trade that would have been rather rewarding if I just kept the SL where it was originally placed. My kid needed feeding in the morning, and I put the stop into lossless position and went to feed…
So someone is being very crafty with false breakout liquidity sweeps on NVDA. Basically doing a whipsaw during second 5m candle (see 1st image) or right after what looks like a bounce (see 2nd image), or new momentum high just after what looks like successful FB. How to trade this?…
Takeaway from today: Pay extra attention around 10:30 - 11:30am range. This is when largest daily reversals happen. Basically be glued to the screen at that hour. MARA was an otherwise excellent setup in a sea of noise today - at 10:50am. Took a trade, lossless exit:…
So today is basically a confirmation that in its ideal form, my F.B against Level + VP Valley is a legitimate edge. It works. Now the remaining issues are: * Waiting for right set up, and not entering into sub-optimal setups (entering into weak setups) * Staying in the trade * Entering against…
Just to crystalize for myself my current understanding of how to choose the right instruments by direction of both market and the instrument itself... 1. Determine overall market trend. Is it trending down? Up? Currently its down, even though we had few up days. 2. When market is trending down,…
Exhausted today, not many comments. Need to skip first hour for now. Trade later. Trade market direction, even on stronger/weaker instruments. Maybe I should choose 2-3 instruments for the day and trade them. Select them based on presence of clear levels?…
Must watch/rewatch False Breakout Notes This is regarding gap down bear market scenario. Here author explains that entering at the low extremes (into LONG) is a mistake, and instead encourages trading SHORT F.B. (196.34) level. This is a solid point. Regarding F.B, and why they happen.…