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UNITED STATES STEEL CORP COM USD1UNITED STATES STEEL CORP COM USD1UNITED STATES STEEL CORP COM USD1

UNITED STATES STEEL CORP COM USD1

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0LJ9 trade ideas

Easy Trend Trade on XPretty straightforward setup that might come up on X. Reason why I like the trade: 1. The asset has a multi-month market structure of printing higher highs and higher lows. 2. It is obeying retracement levels fairly well 3. EMA 50 is acting as support 4. We have a local, naked point of control for support 5. We have a confluence of retracement levels including a local golden channel as well as some macro retracement levels overlapping. 6. Weekly S2 can act as additional support between stop loss and entry albeit depending on how long the retracement takes this could change. This trade idea will be null and void if start printing a new higher highs that will throw off the local retracement. Entry point will be at the confluence of fib retracements with the SL set just below the last higher low. Take profits is highly subjective but my risk assessment profile has me taking some profits at the local GC retracement level (30.61) and then set the stop loss to the entry price to secure a winning trade. TP2 and beyond is subjective and depends on how long you like being in a trade.
NYSE:XLong
by mrbudershank
X Bearish inclined naked calls 18 Nov Whats The Plan/Trade/Thought With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates. Risk Mitigation While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short term Can You Trade The Opposite Side (Y/N) N Trade Specs Sold 156 Calls @ 0.17 Strike 26.5 23% to Strike BP Used: 32k Max Gain: 2652
NYSE:XShort
by Ronin_trader