AMD Short Setup - With Timing Lines This Round
For those that followed the original idea, the look of the path seems correct, but the unexpected super-parabola was not. Even now, this chart looks wrong when zoomed out, due to the excessive price action at vertical levels.
This next leg will probably be more than your average mean reversion, which is the only reason why I would ever follow up such a poorly-timed idea with the same exact idea. This line of thinking is something I try to avoid under most circumstances because it is the same concept as "averaging down" your cost basis when immediately proven wrong.
I'm a permanent pig with few morals and no time for averaging against a whipsaw. But this is no whipsaw (unless you seriously cannot see the forest for the trees here).
-Semi-Correct-Pig
AMD
NDX
CURRENCYCOM:US100
SOX
IXIC
This next leg will probably be more than your average mean reversion, which is the only reason why I would ever follow up such a poorly-timed idea with the same exact idea. This line of thinking is something I try to avoid under most circumstances because it is the same concept as "averaging down" your cost basis when immediately proven wrong.
I'm a permanent pig with few morals and no time for averaging against a whipsaw. But this is no whipsaw (unless you seriously cannot see the forest for the trees here).
-Semi-Correct-Pig
AMDNDXCURRENCYCOM:US100
SOXIXICTrade active
Loading the cruiseship with puts. Either one more small up swing or its already done.Gift setup, imo.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.