After the last CL-PB, i use the 80% Chance to hit the CL (yellow). A further projection: the lower Centerline (grey). P!
...then shorts getting bagged very quick. P!
This concept - not setup - stems from Shane Blankenship, my former mentor of MG. I use this analogy in many situations, where the market just pressing price, up or down. What's important here is, the release of the pressure. See that one wide range bar? This is "interesting", something important is going on here. Now, since every breakout trader is long, they...
From what I have observed, I can see the same happen again. ...but - I'm also aware the the exact opposite could De- Bingo it. As for now, I wait for a close above the dashed blue A/R line. But yes, I am very bullish on BIDU. P!
Centerline reached at major support. Going Long with deep ITM Options DTE_107 P!
Upper MLH is reached, the next stop is the centerline. P!
This is the third touch of the Centerline. As you can see, it springs up every time it lands there. So, why not this time? Playing it small... P!
Longterm SB is trading in the PullBack Fork. Centerline misse 3 times = filling the tank. Now at support from tiny base and A/R Set. a) if support is broken, i would wait for a PB to short it. b) if close above U-MLH going long My view is more to the short side, so waiting for something to happen. In the meantime, i check if i can get good premium from selling...
We know price is going from one line to another over 80% of time. And now this pair shows intention to travel to the south. Opportunity - so I prepare to pull the trigger. P!
In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL. Now, price again fell below and pulled back to it. This time it will blow off at least down to the MLH. P!
Price missed to fulfill the balance, which by the rules of Action/Reaction means, it will go more in the opposite way then from where it came. In this case, CL would travel down below the blue CL, and as we know, chances are that price will reach the CL (the white one in this case) over 80% of time ...umpf...long way down if it works out like this. Selling Call...
LT resistance and the confluence @ the CL give me the right to short VZ. P!
Thinking of paper trading FORK tomorrow morning for a few reasons. 1. Overall bearish trend 2. MFI and RSI both in overbought areas 3. Price seems to be pretty overextended 4. Just finished learning Fibonacci's and the closing price of FORK is right around that 1.618 Fibo extension area, which is also a previous area of resistance Signs against this short, that I...
We've hit cruicial level right now. i belive the future of ETC will be decided right here around 0,0037. this is the last chance for rebound and confirm the uptrend we were in all along. it can happen either way so i wont pick any side let's just sit watch. i wouldn't long ulness we breakup from the triangle and go over 0,0048.. if we do there will be a lot of...
;-) P! mytradingcoach.teachable.com