Failed to take this setup on QCOM due to internal dialogue. I've added more accurate Gerchik ATR to the D chart, which at 154% and at such clear level, and perfect VP zone should have been an entry into a F.B reversal. QCOM : Trade not taken I…
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:…
Meta is giving short term wins today, pretty obvious levels. I missed one level which was a pretty easy trade. I need to start looking a few days back, that is week+ to see string levels. The one I missed might be the HOD FB. I think the basic rule…
SPY had a triple top (one top outside D sessions). Today I took a very obvious F.B, and I took it late, because I found it late. However it was still 10x (I netted 5x). Had I taken this F.B earlier and properly - it would have been…
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…
I do not yet trade breakouts, but this is a classic setup. Break against an extreme (notice volume profile valley where that happens), confirm against new Mirror level, and take off. This is what an idea intraday breakout chart looks like. PLTR is doing its morning swing again, slightly earlier…
I think I will try catching these open market lows, especially after strong down days. They are way too obvious in hindsight, and will be much tougher to spot live but should be possible. Mirror levels especially like in ^ TSLA above. See next img. So for below chart, the strategy…
In this strategy trader selects instruments that have dumped on pre-market and at open.…