Do You Feel Lucky Punk?Never rely on luck.
It will fail you again and again.
Commit to a process, totally and completely.
If the process does NOT work you will know after 20 or so trades.
And guess what you need to do then?
STOP.
Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent.
Do you know how I found my supply and demand strat?
I tested every type of supply and demand system out there, tried some of my own, ran the process and eventually found the ONE SIMPLE technique that works.
This isn't rocket science but you do need to be analytical and follow a process for at least 20 trades.
Don't continually ask yourself "Do I feel lucky?".
Instead follow what actually works.
The Process.
Amdlong
AMD- Bullish MomentumChart posted 7-26-2021 approx 12:07pm ET. AMD has shown excellent pattern buildup.. the MACRO here is a shark pattern that developed a bearish shark- both of these are extremely bullish esp. when the bearish plays out off the bullish pattern. Expect high rises and sharp dips, but ultimate profit target around 105-108.00. Highly recommended to set a good stop on this- not to thin and not too deep. ATR may help with this. I entered at 92.00 on this trade. Stop is around 89.60
AMD Wedge breakoutGet out your brown pants ladies and gentleman, this breakout if confirmed will likely make #AMD attempt all time highs within the next month or so, in the short term I am going light and will pyramid in if it shows more promise, add it to your watchlists or go light for now, will update trade when I am certain. something something not financial advice something something
ADVANCED MICRO DEVICES INC /AMD/ NASDAQ - Still HoldingGo Long for AMD ; Still holding.
Double Top - 15/12/20 & 11/01/21
New Higher High - 28/04/21
Daily Time Frame:
1. MACD Lines Entering Bottom
2. MACD Histogram Bear Losing Power
3. Pullback & Failed
4. All-Time High
5. Impulse System Green or Hollow
6. Price back to Blue Line/ Value Line (Entry Price)
AMD Wolf Wave pattern 1HR NASDAQ:AMD
AMD formed a 5th wolf wave pattern looking to launch and possible target is that green trendline. It's going to be a little hard to trade AMD going into earnings since we're sitting on top of a gap from a couple days ago. Best way to play it is to wait until gap fill and make an entry after or have a starter position and average down if it decides to fill that gap. AMD has been a lagger in the semi conductor and I'm bullish on them going into ER. I would suggest getting 5/21 expiration for option. They have very well priced option chain.
Golden Cross, MA 50 & MA200 closing in on each other, in AMD?AMD has been in a phase of consolidation for some time, the stock has been trending upwards in recent time and is close to reaching a point where the MA 50 cuts the MA 200 lines on the 1 year graph. The response that we've received from board representatives is positive even though the company is being affected by the semi-conductor shortage, indicators are however pointing towards this mainly affecting the end-consumer and not the company. Since AMD has been able to increase the share of production which the company will receive from semi-conductor producers it's likely that the company will be able to take more market share from competitors like Nvidia and Intel. Overall this boads well for the company and its coming performance.
Notice also that long supports have held up and that this consolidation period came after a quite strong bullrun. Some of the shorter resistances also seem to get questioned and might in the short term start acting as supports.
Due to these fundamental and technical indicators I'm bullish towards AMD and I hold it to be true that the performance of the stock the coming months will be positive. The thing that might, however, make this idea void is if the company hasn't been able to handle the semi-conductor shortage well. The CEO and President of the company, Lisa Su, has however been indicating that the current situation is very positive for AMD which makes these worries seem less worriesome.