Thank you to my followers for holding me accountable for a lapse in discipline - I identified a trade opportunity that had conditions - and some of those conditions were for us to taper along our tapered selling purple toward yellow and to see a yellow pickup. Clearly we didn't taper toward yellow and I jumped into a position on the touch of yellow. From the start...
This is going to be a move to remember if we see the right setup at the right time. I am looking for our yellow buying continuation to get picked up and for price to start making its way toward the top of yellow and toward our HTF green bullish selling algorithm at the $240 area. For more context on why I am confident about this move (context for this trade is...
Tell the story of the chart and trust your HTF algorithms - that's all you need to do in this game! TSLA long opportunity coming right up! Happy Trading :)
We are seeing price respect exactly what we prepare for. Now looking more long term, we know what we need to see in the HTF progression to see continued proof of tapering and breakouts of orange, and then ultimately red once we've disproved that. Happy Trading :)
This is exactly what we've been looking for! Teal Tapered selling is proving control once again - the progression in the past few weeks being Strong selling Red --> More tapered purple --> Tapered and bullish teal! Now we await the disproval of our green taper by rejecting off of it and activated yellow strong buying to break out of it! Happy Trading :)
Multi-time frame analysis is key in this style of trading - and it takes time to get used to. The best thing we could do to set ourselves up for success is to PREPARE our charts and our trades to where we're only executing once we see our analysis come to fruition. We want to be ahead of the charts but only once we've gotten proper confirmation - and that's what...
Trade based on HTF algorithms and trust your trade! Unless you're practiced and have a built out LTF strategy, don't get caught up in the chaos! You can see here how simple it can be if we just trade based off our HTF algos Happy Trading :)
We are continuing to reject off of our orange strong selling algorithm on the buy-side; But, we are approaching our more tapered red and bullish white which have both shown signs of potentially controlling price on the buy side. We now wait for the sell-side to start proving itself which in-turn will begin the disproval process of orange and allow for a breakout...
Holding myself accountable here to everyone - I had all the signs and reasons to not only sell my long position but to short this - and instead I let my bias of being in a long position and not wanting to miss "the breakout" even though I had every signal in my book telling me otherwise. Unfortunately it's very hard to learn from others' mistakes - but if you are...
The key to a sustainable trading career is avoiding early entries that don't have the confirmation we require. I am a huge customer of this fault as are many traders. In order to start taking safer positions, we wait for further confirmations. Now these confirmations aren't just to inhibit us and stop of from taking trades to be more disciplined - we are crafting...
Here's how I would play a short on this if the confirmations present themselves and it wasn't earnings later this week. I stay away from earnings plays as much as I can especially without a deeper understanding of the fundamentals of the company. They are trading at ATH's so they must be doing something right! Happy Trading :)
Watch the progression of the market at work! The next few days on TSLA can show it really beautifully. Use this as a learning guide for future trade analysis and executions! Happy Trading :)
These are strictly higher time frame analysis plays which you can execute on lower time frames by looking for the disproval of LTF algorithms. Discussed in here are analysis of: - UNH, PLTR, LEU, MAT, SHOP, ARM, AAPL Hope this was helpful for all you TraderDaddy's! Happy Trading :)
Just going through some opportunities I find interesting. Will save the big guys for Monday after the markets had a chance to make it's move post-Powell. Among the charts I discuss here: FVRR, HIMS, PDD, OSCR, WBD Happy Trading :)
I love this job. META overnight longs - CHECK TSLA overnight shorts - Check (Sorry Zangus) AMD HTF Short - Check HIMS, DE, FVRR, PDDDDDDDD Longs - Check! Happy Trading :)
I've been a huge fan of this company since they aired every commercial at the super bowl - and i've thus been seeing their incredibly strong growth. Obviously, geopolitical matters come into play with a Chinese company which is why it is so important that you do your own analysis here. But as far as technical trading goes, I love this chart and am excited to see...
Another morning prep for some of the big names like TSLA, META, AMD, COIN, AAPL. These are HTF algorithms which I use to inform my LTF entries. Happy Trading :)
This is more of a higher time frame analysis of TSLA - which is key in order to be taking LTF trades as well. Hope this was helpful and Happy Trading :)