SD-2024 BE PROACTIVE-STOP THE W-C-S woulda-coulda-shoulda

[sd]

Saturday 3.30.2024

David Keller-Points out 8 stocks to review-some past leaders,but perhaps not the leaders this next quarter-
Which one of the 8 would you select?

stockcharts.com/articles/mindfulinvestor/2024/03/which-magnificent-7-stock-woul-729.html?mc_cid=c83c7f3994&mc_eid=4714ee3c59


Keller offers a Free 5 week course -
Free is good....Sometimes things are worth exactly what you pay for them, but sometimes 'Free' content is worthwhile
I like Kellers take and he can be found on Youtube and stockcharts tv.

www.marketmisbehavior.com/freecourse


Grayson Roze -Breadth charts and why they should be a part of your market analysis-

mail.google.com/mail/u/0/?tab=wm#inbox/FMfcgzGxSRSCHXXrZRPpRBNbZlghmRpj

Julius D- Market rotation graphed.
stockcharts.com/articles/rrg/2024/03/when-these-levels-break-the-sp-680.html?mc_cid=c83c7f3994&mc_eid=4714ee3c59

Tom Bowley -

stockcharts.com/articles/tradingplaces/2024/03/you-need-to-understand-now-wha-661.html?mc_cid=c83c7f3994&mc_eid=4714ee3c59


Stockcharts TV

stockcharts.com/tv/?mc_cid=c83c7f3994&mc_eid=4714ee3c59

Alphatrends.Net- Brian Shannons EOW- Brian shannon has popularized the modified Vwap concept- AVWAP -Anchored V wap-
Which allows one to move and anchor a new vwap line anywhere's one wants on a chart.

[sd]

Good family Day this Easter Sunday-

A Puzzle exercise - for 4 travelers that enter at a train station and select which tracks to ride on- 4 different train tracks-
The fastest that puts on the most miles and cna get rewarded more, can also lose the most when the track turns South-
player has the option to change trains at each station 1 and Station 2.

This version hopefully is simplified- for a 10 year old to figure out...


You are one of 4 travelers that won a Journey from the San Francisco Train Depot to travel to the North Pole-
Only 1 traveler can travel on each of the 4 train tracks- You get 1st choice which track you will Ride on.
Travelers get Paid a bonus for most miles traveled to get to Station 1.
The more miles traveled- The larger the bonus in Gold Coins $$$!
At Station 1, You are paid in Gold Coins when you arrive- There is a problem with the Northbound track that used to go to the North Pole-
That Track has been closed for repairs. You must take one of the Southbound tracks that go to Station 2 in Atlanta Ga from where you can get on board the other Northbound tracks to the north Pole .
However- When you travel South, you will be charged Fees, Tolls and Taxes the more miles you travel to get to Atlanta Station 2. You will have to pay back some of the Gold Coins-you received at Station 1.
You have the Option to select to stay on the same track, or , for a $5 gold coin fee, you can transfer to a different Track southbound. Consider carefully, as expenses add up the longer track you choose.
When you arrive at station 2, Pay your fees, and consider which train track you will ride on as you go back North to the North Pole. Count your coins at Station 2 -
Hmmm, you have a decision to make- before leaving for the North Pole
For a $5 Transfer fee, you can select a new track to ride- or you can remain on the same track you arrived on.
When the travelers get to the North Pole , each is given a Bonus - but the one that gets there the fastest gets the most Gold Coins. The one that took the longest scenic route gets the least number of Gold Coins.

The travelers all meet in the Great Hall at the North Pole, where they have to compare who has the Most Gold Coins from their travels-
He or She who has earned the Most coins Wins. The other 3 travelers who won less have to give the winner 1/2 of their coins-

Which Train did you take from the SanFranciso Terminal to get to Chicago? How many coins do you have?

Which Train did you take to go South to the Atlanta Station 2? After paying for Taxes,Tolls and Fees, How many coins do you have left?

Which train did you take to go to the North Pole? After you get there and your bonus, How many gold Coins do you Have?

The Traveler with the most gold coins Wins- How did you do compared to the other Travelers?

Who would be the winner if each Traveler only stayed on the 1st Train they were on leaving SF and Rode it all the way to the North Pole and never changed onto a different train track?

[sd]

Monday 4.1.2024 Futures slipping from the green as we near the Open-
Working on some final questions for my grand daughters as they take their trains from the Station to the North Pole Station- (Chart in the prior post) I will rewrite/simplify that Riddle and ask my Granddaughters-10 & 8 to solve it. SPXL EMAS OVER MONTHS To illustrate the Travels. Rewards and taxes and tolls-
Switch trains at the stations for a $5 transfer fee.


Trading hat is set aside- AAPD small position swing making small net gains-
70's + here in NC and the other priorities outside are calling-
Large % is in cash- will we get a chance to see a correction?
Perhaps the correction is occurring through market rotations...
EOD- What did I miss out on?




Thats E-Nuff trading stuff- the important stuff was all about what was accomplished today- and yesterday
You have to take time for what's important - and know when that time is due.

Bought the small garden plants at the Raleigh Farmer's Market- plus 2 pineapple guava plants that should be able to survive in Zone 7.
Last frost here is typically April 15 - Mother nature has changed in recent years- Getting warmer earlier- but all of the fruit trees blossom out and try to set fruits, but get nipped by the last late frost in April- Even have Apricots, nectarines and peaches with the fruits growing -
Will see temps drop down into the upper 30's later this week- borderline frost , so we'll wait on setting out the garden plants until after this coming weekend.









Spent most of the day outside- set my trading hat aside and donned my elbow grease and bucket of initiative and hooked up the mower with the small utility yard trailer and started unloading The big trailer filled with mulch from the local county recycle site- $24 for a double load- usually that's 2 yards, but it got filled by a big loader with a 4 yard bucket.

[sd]

4.2.2024 Futures in the RED-I'll watch the open, may look for an entry- but will likely use trailing stops so I can get back outside-
Tomorrow may be the rain day- so it may be more time spent inside.

Looks like a big drop for the Nasdaq. Bitcoin down -5% ;Gold is at a new high- Thats telling us something.


Be Prudent- Protect some gains, cut the losses- Don't be complacent.

Rates won't be cut anytime soon- Yields are going higher- that's a negative for those with a Risk consideration.

Heres a couple of Charts-Prof D Trades taken in TQQQ @ the LB website-




The 2nd chart is my 3 min version of TQQQ-
I have- and still am- learning so much from Devoid At the www.leavittbrothers.com website-
Following another trader- usually one that is successful on a high percentage of his trades; is someone to emulate.
If you are reading this here- You're looking for something...? Yes?
Then give the WWW.Leavittbrothers.com website a Free trial-
Go on Youtube and check out Jason Leavitt many videos-and his mini masterclass-
And then do your analysis of the trader you want to follow-
aN EXAMPLE- Other traders may use a different approach- Opening your mind to consider a different approach, a different time frame -Take some time to backtest that traders entries, Exits, as I have done in this next chart, is a good learning exercise-
Several of the take-aways - I have learned over time is that a higher Open is no guarantee-


MY post analysis of Prof D's entries, exits-
This Open was not a big gap away from the prior Close- allow for a 1 or 2 minute bar to diagnose the price direction- set a tight stop-
His entry was at the Open bullish price- However, due to market conditions, he has modified his past approach which would allow price to have a pullback in order to capture the all day move-
His stops are much more aggressive in this environment.
More- My annotated chart above -
Things I have learned- When Price is in a decline, buying the 1st attempt for Price to reverse the decline (R>O>T) often fails, and the 2nd assert try- in this case Price is lower- becomes a potentially successful signal- for a short trade-
The 1st MACD upside cross follows the Price -and it fails. The 2nd MACD cross signals a successful entry -
That 2nd entry did not see a lot of upside - but trailing a stop above the entry cost and moving it higher would have netted a gain-

The 3rd Notation is the "RED BOX" shown- This is copied from Rat & GEO- When price makes a pullback that is Close to the Prior low- but is minimally higher- it often becomes a low Risk point of Entry- In this case, the 3 minute bar dropped low, but Closes higher- so an entry above the high of that bar would be a potential place to enter $61.40 buy-stop- Which would have been able to hold for the remainder of the day- Pullbacks did not test that Price level by dropping below the early entry. One would have caught that entry, and Sold at the EOD surge- potentially at $62.00

This style of trading - has taken me quite some time to adjust to it- and it's still a work in progress in large measure-
My recommendation is to start off with a very minimal position- 2 or 3 share entries- tight stops below your entry point- Chart your trades using the faster charts- 2 or 3 minute time frame- - Over time, you can size up - but for a few months- trade to learn, not to earn. Trade small-
Elsewheres in the early pages on this years thread I did a write up on Position Sizing- That will keep you in the game if you are willing to be humble-and acknowledge that the market can be a whimsical teacher- Trade too large- take a big loss- is also a psychological negative- does damage to one's mindset-
When you take control - through proper small position sizing and tight stops- the small losses are the price paid for the lesson available to be learned that day.
TSLA- BIG MISS!

Bitcoin rolled yesterday.

Big drop at the open for the indexes!

sTOPPED OUT ON ENTRY INTO gdxu

Added to my AAPD position- Stop at my average cost .
Orders for GEV, GE - big drop in the share price of GE on the spinoff-
GE remains focused on Aerospace-
GEV is the electric energy spin out.

Buy stop GEV fills

limit to buy the GE up turn on the MACD fills


This was a really good entry relative to the Uturn. in the Price action -
That said, as I noted earlier in this post, on the Devoid trade- that 1st attempt to Reverse the trend (R.O.T.) often fails-
This position size is 30 shares- and keep in mind- No position should be more than 1/10th of one's account- until one gets proficient at their style of trading-
When I look to the left- I see the prior day's low bounced off the $138.00 level.-
So, I'll set a stop at $137.90 expecting that this gives Price enough latitude - but only represents a relatively tight stop .
The Risk here is to give back -$0.76 on this trade- and x 30 shares- = - $22.80 on the $4,160.00 entry cost.
This represents a small loss of -0.55 % - With slippage- allow for a lower fill of $0.05 loss may be -$24.30 or -.58%

10:30 am- Heading outside- The GE trade looks promising- Had that pullback after the entry but it didn't push lower from the Open swing low.@ 10 am.
Both trades GE,GEV look promising @ 10:30 -stop on GEV- raised under the swing low made @ 10:20



Got back in late afternoon -3:30 to see 2 solid winning trades roll over and become a net loss on GE and small gain in GEV-
Also sold my AAPD position for just relative pennies of gains- as AAPL dropped lower but then tried to RALLY- AAPD profits declining- Cashed out.


REcap the GE,GEV trades- I elected to spend the day working outside on yard stuff- and I neglected to bother following the 2 trades until we came in for a late 3 pm lunch and after, turned the computer on-
Both trades were winners- GE rose $5 above my entry and GEV rose $10- and both rolled over and headed down- I managed to get a stop and salvage $1 on the GEV trade- pitiful- and took the loss at my entry stop loss - That was an easy nice profit to be had -if only i had paid attention- Got preoccupied and busy-planting in the back yard, and fertilizing and mulching-
I got an excellent early entry in GE off the pullback swing low at 10 am- Front run the indicators - but allowed the stop to match the previous swing low and a relative small risk .
See that pullback @ 10:20- That's due to me entering ahead of a 1st R.O.T. thrust attempt- and as noted previously- the 2nd move often gets traction.
This was a no brainer to check in on the trade mid day and modify the stop- I had hoped this could turn into a swing trade- and perhaps that's why i was so nonchalant and not trying to check on it every hour or so- Both trades would have been ideal candidates to set a Trailing stop on- and easily have been a $200 gain on the 2 trades. To paraphrase the song: "If you can't get what you want, sometimes you get what you.... deserve".
In the future, I'll plan to check in on the trades or set a trailing stop - or Not trade-

If you review these 2 trades- there are similarities- Both entries were ahead of a 1st thrust try to reverse the downtrend. A second pullback also followed after which Price trended higher . GE had a modest slight consolidation and test of the entry - the 2nd thrust gained the high ground and never looked back - until peaking @ 11:30 -
GEV was not as early an entry- and took some heat - but it had a substantial % Run higher- only to falter and fade.

GE:

GEV



S&P 279 trading days- over a year- Without a minor -2% pullback- almost never seen before- very rare-









Jason Leavitt covers the historical studies:

[sd]

4.3.2024 Futures relatively Flat @ 8 am....
Yesterday's Close snapshot-


Rains today- Passing showers- increasing this afternoon.
I'll take another look at both GE and GEV- Both were getting sold off by the Algos yesterday- GE Rolled 1st-11:30 and later in the early afternoon GEV rolled-

Reviewing the trades once they are done - like reviewing the items you missed on a test back in the day- is a good exercise for future tests. Lessons are usually learned by repetition, and trading is also similar- if one takes the time.

Jobs report comes in much higher than expected. 184k rather than 155k -
Market reaction was to drop deeper into the RED- Markets think 'good news' is bad news, because it gives the Fed another reason to not cut rates anytime soon.

This suggests that the projected weakening in the economy is not having it's impact- OIL and commodity pricing stay high-PDBC trending higher- Commodity basket.

The EV makers are all in decline-including TSLA.
The big 3 -GM was uptrending- had a dip lower this week-F struggling to go higher, TM rolled last week after trending higher for months-

AAPL back at the prior March Lows- If it fails to bounce from here- look at $150. A Close below $168 would make one think that can be in the cards.

Devoid - One of his Teaching charts found @ LB- Well illustrated examples with context explained.

I added some comments

This is how the trade performed over 2 days

GE from yesterday's Close:


Rat's GE RED box entry- seen at the EOD:



GEV EOD 4.2.2024


Tesla short- Good entry Here on Tsla's big miss and downgrades



mAKING SEVERAL Trades this am- and sizing up with some ADDS-

The Tsla short- just got stopped out for a -$51 loss on a 100 share position.



CTRA is a Nat gas play- in an uptrend- added several times from the smaller initial entry-
A relatively low Risk % trade on a $7k position.The decision to add the last 100 was based on watching the Macd histogram get across the 0.0 line-

stop raised to within $0.02 of my averaged entry Cost

GEV- poor trading - stopped out for a -$24 loss-
GE- stop just elevated to lock in gains - 21 share position size on the entry.

3rd raISE TODAY ON ge AS IT OBLIGES BY TRENDING HIGHER WITH ONLY SHALLOW PULLBACKS


tslq RE ENTRY

sTOP RAISED $39.98




tslq STOPS OUT ON THE RE ENTRY TIGHT STOP- 2ND LOSS ON THIS TODAY-
i EXPECTED THAT THE tsla DOWNGRADES WOULD PROVE A REASON FOR THE SHARES TO DROP FURTHER.



CTRA stops out - net $0.03 loss x 250 sh


Despite the losing trades taken today- Account is still into the green as GE is still Active- and just made another leg higher-breaking up through the dbl top! Allowing price the leeway to make a progressively higher series of swing lows has worked well as a stop-loss placement-
GEV stopped out- I saw the weakness shortly after my entry- couple of pullback red bars followed by a try to move higher- Immediately raised the stop to be under those swing low bars. which triggered for a much smaller loss than if I had kept my initially wider stop on that 2nd entry. I took a 3rd try here off of the improving MACD hooks


Price moved higher- stop on this entry is now at B.E.
The entry stop was the low just made- but it was the lowest low of the day- getting a nice counter reaction here that will recoup my prior losses potentially


gev TRADE WORKED REALLY WELL- The entry decision with that new low Red bar followed by a potentially bullish bar prompting the entry and important to notice- the MACD histogram showed that the histogram improved while price dropped lower! Bullish divergence .
Shown here is the PMO very similar to the macd and I will abandon this duplication in the future.


4th entry

STops out- net $4 loss - GEV now -$24 for the day.
GE continues to trend solidly higher@ 1:50 pm up $120 on the day.







At the EOD, took an overnight position in GE - I tried several times as it pulled back this pm to get an early entry hoping to see a late day rally-
GE held up relatively well-
I was viewing Price on the 1 minute chart this pm , and it presents a up close way to view the Price action.
This is an enlarged chart of GE after 12:00

[sd]

futures in the Green!
Stochastics explained- Barchart video

www.youtube.com/watch?v=T3qg_0GY648

GE position held overnight will be opening higher according to pre market pricing-

Breaking down the GE 1 minute -1 Day Elder signals-
A bullish bar can be a Blue after a red0 or a green after a red or blue.





wHAT BECOMES OBVIOUS- On a price swing back in an uptrend, is that if one waits for the 0.0 line macd cross to show up on that bar completion- on this time frame-is that it is usually followed by a higher green bar - but it is perhaps not the ideal entry.



0.0 LINE CROSSES A-J occur in an uptrend. K-N IN A DOWNTREND .

tHE gOAL IN VIEWING THIS IS to determine an optimal entry - and the actual price bar that generates the 0.0 line cross is often not the earliest bullish bar.

For the 0.0 line to be crossed- the bar has to complete higher than it opened- so that may see a large up move in the price bar that generates the actual cross of the 0.0 line.

A @ 10:30 was preceded by 2 higher green bars after a significant price pull back to the 34 ema. following a momentum surge from the open.
The uptick in the histogram that came earlier suggested that the Momentum in the price decline was slowing- seen at the blue bar. Interesting that the 1st thrust attempt higher-
1st green bar- 4th after the blue- failed- as price continued to consolidate. Entering on A Bar Close would be a winning trade -although the potential gains seen up until 11:00 am.
also- notice that psar as a stop- would have captured the bulk of that move.
B- C- Both signals followed and both would see gains- C was late in that period- and would have been a winning entry- but likely a loss unless one aggressively trailed a stop as price declines at 11 am.

Before continuing to study every 0.0 line cross signal-green bar- green line- - what if one could have foreseen that a green bar was likely- and entered the position on the uptick-in the histogram - blue line - or- on any histogram uptick preceding the green bar 0.0 line cross?
Blue line -Entering on the nextfollowing bar - or on that blue bar hist uptick -

10:20 Blue- uptick on a very extended Hist to the -0 level an entry here would succeed with a $0.50 stop-at the 34 ema - (Uptrending) giving some room below the Low of the bar. Followed by 10 bars until the 0.0 line cross - That was $0.75 higher than the Blue bar entry. Entry using the trailing psar would have filled on that 1st green bar that failed.
one would have to allow a stop of at least $0.50 in order to remain in the trade. I would have taken that entry- but stopped out at the low of the green bar ---
If one stayed in the trade $143.50 Entry Likely stopping out as Price rolls over @ 146.50 @ 2 pm for a net +3 gain

Of course- I failed to point out the Best entry -assuming one didn't buy the Open, but saw the pullback and consolidation @ 9:45 and put in a buy entry there @ $141.75
for a much larger net gain on the day of almost $ 5.

Notice how Volatile and wide ranging price is coming out of the gate at the Open-

I'll continue to study getting the earlier entry and front run the 0.0 line cross- in an Uptrend Only perhaps should be the Rule here-

Consider some of the wider pullbacks seen on this time frame- almost all 1st upticks from a Histogram in decline where the drop is below the 50 ema - looks to be an ideal entry.

This is a 1 minute chart- worth considering is viewing the 2, 3, 5 minute charts with the similar methods to gain a winning entry- IN AN UPTREND Rising 34, 50 emas on any of those time frames-

So, Not interested in this type of trading? Too fast a time frame? How about applying the faster time frames to target that swing position.

Quick summary of the 0.0 line entries that would be able to raise a stop to get out at B.E. (Break Even )

Winning - A,B,C,D,E,H,I

Would get stopped out :F,G,I

With 7 potential wins- meaning one could raise a trailing stop above the entry cost-At B.E. - some would capture small or break even gains, a few would capture larger gains.
A for example- would see larger gains and one would have held through B & C- and taken the stop raised on the pull-away
D would be a small net gain/B.E. E clear Gain/Win; F loss, G loss; H gain/win; I gain/win J B.E. at best. -
Disregard the downtrend signals until one sees an upturn cross in the emas- @ M as the only valid signal- fails.

What most of these bars have in common, is that the green bar 0.0 line cross often has a earlier bar that could be the better entry .

No time left to get further into the weeds- 9 am BUT CHECK OUT THE SPOST ON THE 1ST UPTICK TO THE 0.0 LINE CROSS






aCTIVELY TRADING GE,CTRA,FCG, CNBS



Winning trades in GE, CNBS, FCG, and potential Loss in CTRA if it does not break out here

i.imgur.com/X7nvvtg.png
CTRA triggered the stop- but attempted to try a move back up-
I re entered the trade on the 1st blue bar- $28.485 and set a stop- Risk was $0.025 with a stop at $28.46

stop triggers

While working the screenshot went back inbto GE- Stop is now $150.44 @11:22 - came within $0.01 of my stop
Cost on this re entry $150.24- Set a stop at $149.90- price dipped back to $149.91 Stock moved higher- stop trailing in profitable territory.

Entered back into GE on a buy stop on the 12 pm up move- filled 151.15- followed by an add- limit order to buy 151.07 to buy inside the basing level with a stop for both positions

Avg cost $151.11-
This was an entry into a base consolidation- with a stop- which does get triggered- for a net -$10 give back on the combined 60 shares-
This is also my trying to learn to Size up the position size as long as I can have a well defined tight Risk-




nOTICE THAT THE STOCASTIC HAD STAYED ABOVE THE 80 LEVEL UNTIL 12:15 WHEN pRICE ROLLED OVER-
In the chart I pointed out that when a basing consolidation occurs- we may not know which direction the trade may go- but it offers a very low Risk entry to use a limit order a few cents above the base lows and a stop just $0.02 below the base low. Risk $0.05-$0.10 on any trade allows you to enter with larger size- Prudent to have a 1 share single position stop already in place that you modify that stop to be the stop you will set when the larger order fills.
All you have to do then is adjust the Qty is the stop loss order and update it.

When coming late to the trade- As price makes a decline, the 1st attempt to R.O.T. - will they find buyers on the 1st assert?
This is my entry - smaller size as I explore this very fast chart and Price behavior- Notice there is indicator support following this price move- and remember- Indicators lag Price action.


AAPU stops out for a loss on the position. The stop was set @ $22.55 and filled $22.52- Should have been a net $3.00 loss on 100 shares-- I added the 2nd 50 share position, but forgot to Change the stop from the 1st 50 to 100.- so I'm NOW OUT AT -$11 VERSUS -$5 . Got distracted and stepped away for a bite here- I also have to remind myself to periodically scan the order page to ensure I don't have any orders in play I'm not focusing on.

These days are trying out the more aggressive entry and stops-- The ultimate Goal as i get more screen time and actual trades is to narrow the field- and gradually size up-
Yesterday was a solid grey/rain and today is relatively overcast and windy- so trading screen time was the focus.
Getting ready for the usual late mid afternoon lunch- 2 meals a day are standard for us-

tHE TRADING IN THE STOCKS THE PAST FEW DAYS WITH FASTER CHARTS- IS AN INTERESTING- AND NET PROFITABLE EXERCISE-
aT THIS POINT, oLD HABITS AND gREED CAN STEP IN, BUT MY RESULTS ARE GETTING TO BE more consistant- Knowingly experimenting is a luxury I can afford- but I keep my Risk relatively controlled-

A suggestion when trying out a new approach- for a period of time - intentionally test the waters by only trading a few shares- -Allow yourself a fixed max amount $300-$500 -
keep track of your net % gained or Lost- and give that a go for 50 -100 trades in 1 week- or 1 month-
An example- I just looked at the SQQQ 3x bear tech ETF- Look how extended price has been in a steady Rise since 2 pm breakout-
I jumped in and bought as price left the recent consolidation- and risked $0.05 on a $10.82 fill- saw a breakout green bar that followed as a trend continuation-
Just 50 shares . Price is up to $10.94 - stop elevated to just above my entry $10.84. I would generally allow $0.10 on a trailing stop- but wanted to get this to be above breakeven
with the stop as extended today's move already is.

aMAZING MOMENTUM- Notice that since the rise at 2 pm - Price hasn't touched the trailing 10 ema- I'm trailing my stop loss at $0.01 below that ema. Updating each price bar where it rises- will tighten on a break away climax move away.

Markets all rolling over this pm - 3.28 seeing a momentum bar rising faster- Macd is in divergence - good reason to keep a trailing stop .

3:37 trend continuing higher- Psar is $10.97, just a touch behind the rising 10 ema- Price moved up to $11.09 @ 3:39-
I'll continue to use psar as the trailing stop -until 3:55 pm if trade remains active.


@ 3:51 Price Price stops out @ 11.02- A net gain of just $0.20 on only 50 shares is a payout of just $10.00- But, if I had sized up- even with my very late notice of SQQQ and the position entered- I could have taken a larger entry- but was using this as another type of entry into an active trend- study/exaMPLE.
hAD i BEEN PAYING ATTENTION EARLIER- POST 2 PM- POTENTIALLY W-C-S- JUMPED IN WITH more size- 250 -500 shares... this kind of straight up trend is not the norm.
However, as a positive reinforcement exercise- on the learn ahead of the Earn- Likely seems counter intuitive to the visitor here- but there are difference and nuances to be found on the faster time frame- as well as a magnified point of view-

Visited the LB board after the Close-
Devoid jumped into SQQQ a bit late- he refers to it as his long Hedge-

And he gains +4.1 %

Give the LB website a Free trial- www.Leavittbrothers .com - Lots of experienced traders to learn from over there!
Brian Shannon - Mid week take :
alphatrends.net/archives/premium_articles/stock-market-analysis-april-3-2024/

What an end to the DAY- Fed KhasKari- who is not even a voting member until the next year-spouted off with his opine onion- that perhaps we won't even need to cut rates this year-
Combined with growing and escalating tensions in both the Ukraine war and Mid east Israeli conflict-
Markets all dumped at 2 pm.

Loads of RED for all segments today: and Notice that Only the Energy sector made gains in the past week.
And look what has taken over the leadership in the past 1 month- ENERGY.
TECH is now Down for the Month!-
Market rotation in action!

[sd]

4.5.2024
Jobs report comes in with jobs gained -
Futures dipped lower, but since digesting the jobs report as bullish, futures back in the green.
James Bullard- not an active Fed member- thinks the economy is strong, but inflation is declining- and thinks the FED needs to start to gradually lower rates.

An interesting post by one of the Traders yesterday at WWW.Leavittbrothers.com-
When I post something taken from the LB website- I want to give proper credit to the source- and- if the reader finds it interesting- There is a free trial.
I am a paying member there. and -IMO -it's a very worthwhile site because I have learned an exponential amount -since I took Jason's masterclass and began following what the different approaches were based on- Some seem initially complex- I'm a simple guy- And, To paraphrase Einstein- The simplist approach that provides the answer, is the best approach-
Adding complexity and multiple extra indicators is simply a mistake-
The most basic and simple to replicate is the Devoid approach- It works! In it's apparent simplicity there are nuances in interpreting where Price is and what the indicators- MACD and Stochastic (JUST 2) and the strategic emas. 3 ema crossi up above the declining 8 it's not 100% fool proof, but when traded in the correct direction swing, it has a high probability of more winners than losers-
Very worthwhile to learn and study- and given time, to learn to interpret the nuances- Yes, I'm experimenting to get the earlier entry -modifying the time frame from the 5 minute and trying out the 3,2,and now 1 minute - and modifying the indicator settings to respond sooner- by using shorter periods than the standard settings.
I also want to use an RSI -but much faster than the average 14 periods- 8 or 10- and look for the divergence/trend line on the RSI as Jason illustrates in his Masterclass.




In response to :




Beast posted:
Wow. Interesting post. Not sure where to start. More (enclosed)...
First off, in Dark Money Trading, there are 2 kinds. One is where the price one pays is the price the public sees - The Market Price. However, the number of shares (or lots) traded has nothing to do with what the public sees on their trading screens. The other kind is a private party between a few large financial institutions and corporations. I have zero experience in that world. That's a place where Warren Buffet goes to buy or sell shares because those places are the only places where the players are large enough to handle the deal. When he sells, they are buying the shares so they can short (is what I have been told) and since it's not public - the price remains in a good place.
As for computers taking each other's money?...I don't think that is true as if it's planned that way. If that were so, then everyone who had the money could shop around for the BEST computer algo system out there and buy the same one.
That is NOT how it works at all. Every computer algo system attempts to beat win, so they hire "the best" that are out there to build their own system. Then those people sign contracts that say they WILL not share or disclose that system to anyone. It's very competitive, and yes, I have built systems for people. I do not share those here. The Hook System was the only one I ever built while I was doing it "in public" and it was mostly here on LB years ago when I was pretty stupid about how things actually worked. (I remember Jase posted a chart and an indicator was not marked what it was and I looked at it and was like "I NEED THAT INIDICATOR." I asked Jase what it was (on the message board) and he told me it was the Stochastic. There are times you REALLY feel stupid in your life...:<)
What I built was trial and error and lots of backtesting. I no longer build systems that way. The easiest way to build a system is to build it to fit the charts. You only want indicators and settings that match where prices turn on the chart. The rest is garbage. Of course, there are different time frames and different types of markets. I have built 1 nano-second system for a high frequency firm. I did not charge them for it as I was a bit spooked about doing it - but I wanted the challenge and they had the computer power to backtest millions of times. It worked - but once again - because I chose the indicators that worked.
So no, "they" will take each other's money as much as they will take anyone elses. It's still a game of one-up-mans-ship and I was always competitive so I was drawn to it. The little guy public is just too stupid to take the time to understand - and don't get me started on that. How peoplel can spend years in college learning something and then just start playing the market without even understanding anything about it is beyond me. Huge disconnect. What all "well-thought-out" algos have in common is how they go about signaling trades. No matter what time frame or market environment, they all seem to STILL play human psychology.
(I am a bit scared of AI writing the algos, but that is happening already and I am not sure how it will affect the markets. I assume everything will occur much faster).
But human psychology is inbred. It's FOMO (Fear of Missing Out), BTD (Buy The Dip ala Pavlov's Dog), Finding the next big thing, etc...
That is what all of the well- written algos have in common and they have learned how to capitalize on human behavior.
I am not going to go much further, but think how long term tops are made covering weeks or months. Long rounded (almost flat at the top) events. As the top approaches, the market starts making incremental new highs and those are reported as NEWS! "The Market hit a new high again today" - skip the fact that is a fraction higher. It means that people keep buying, but the market is only making incremental highs at the top because DA BOYZ are selling into it and DA BOYZ have huge amounts of money to sell so it takes them time and they don't want anyone to see them do it - so they spread it out over time. The public does not see this - but the algos do. They have formulas watching volume (over time -not a day or two) showing are the BTD players getting fewer as there are fewer and fewer people willing to buy. It's not just the number of shares they look at - they also look at the number of ticks. Are there more or less people (or other algos playing)? Where Dark Money is the most dangerous (and lucritive) is that the BIG money is mostly trading there. Their Algos are looking at the same things - but the data is much different. Larger number of shares / lots - and as the buyer algos become less and less - THEY KNOW.
I don't have that knowledge and neither do any of us on LB. So, all we can do is match the system we play to what DA BOYZ are doing. They leave footprints constantly and they are pretty much always the SAME footprints because computer algos do the same thing over and over and over again. To build a good system - look for indicators that find the footprints. All the good algos do it, because they are also tracking each other. It's just a BIG Game. If your indicator or system you are using is giving you mixed results, then either your system sucks OR you built a system that only works in certain kinds of market environment. Sideways markets with small moves up and down usually mean smaller time frames to make your money in. Yes, DA BOYZ have algos to play all environments.
One last thing that most newbie traders forget. They forget that the market is made up of buyers and sellers. However, most of the public only knows "buying - going long." They never think about WHO is on the other side of that trade. Is that person buying your shares when you sell them because the thinks the market is going higher --- OR is he buying your shares so he can short them. It's a 2-edge sword. I like the idea of targets - but was never good at it. But with targets, you are not playing most algos game. Your target is hit, you take your profit - no FOMO or BTD or anything else was involved. Algos hate that. Of course, the algos then try to get your target money with "measured moves" algos - but different time frames have different measured moves so the game goes on.
I saw a huge shift during and after Feb-March 2020 COVID in how the algos were playing. The day trading 4 and 5 minute time periods existed, but they were no longer the majority. If anyone remembers those day well, one 5 minute bar could have a spread of 2-7% being common. The day trading algos saw money to be made there and shifted to a much smaller time frame. I started trading the 30 second and 1 minute - and then in the past couple of years - the 20 second. It's ALL getting faster and I suspect AI is involved - because it really is a perfect place for AI to be. That said, nothing will change if you look for the footprints - but the footprints will be moving a lot faster.
Let's see, this is Beast FWIW #10 billion and 35.
I am not proofreading this, so please excuse my errors.


Some of the terminology may be confusing- spend some


Show time in 8 minutes.


Added more with a buy-stop above the opening highs.

This is a 3 minute chart. The goal is to see Price move a bit higher and get the initial wide stop $77.58 under today's open lows $77.62 up to break even .

Since Yesterday's sell-off was sharp going into the Close, hoping for a strong ROT to develop.

Late into a long in TQQQ because I missed the correct entry from the rebound on the initial swing low-
That would have provided an excellent low cost risk to the P.O.F. (stop) .
Tried to annotate the chart but forget to make the chart inactive- it reverts back to a standard chart when I do so.


10 am is often a market turn-
UDOW price is dropping back-
Ideally it will find support not at today's open, but on the lows made on bar 2,3, approx $77.65.

10:10 -
That red bar pullback found buyers before it pulled back to 'support-' or tested the Open.
However, I'd prefer to see multiple bars holding the similar lows as a better sign of potential buyer support at that level.



TQQQ- VEry late on this entry- It had an initial pullback after I entered on the momo 1st assert.
I could explain the better entry following the ROT off the pullback after the Open- Thats the entry to go for!

All of this detail is mental reinforcement for me- and maybe useful for the reader that stops by...


Weakening- will the swing low find buyers again? Look at this chart- a buy-stop @ $58.80 would have provided an ideal entry after the reversal green bar occurs. SIMPLE.


10:33 early potential bullish hooks follow price trying to make a up move- Critical level is the prior swing low/stop.
i.imgur.com/qDhb9lB.png[/img]
AAPU long taken yesterday stops out for a $5 net total loss on 50 share position. It was a late buy yesterday and i tightened up the stop this am.
It has a positive divergence on the MACD but I didn't mean to hold this overnight-

Price action this am is not developing much in terms of trending-

GE- strong up move today- Not in the trade- Holding PPA Aerospace fund.
On today's bullish price following yesterdays weakness- offers a potential for a stop -added MSFT,GOOG,AMZN,META- as hopeful swings- but they cannot be allowed to weaken below this recent lows.

MSOS- My CNBS- Seymour cannabis fund stopped out for enough to Buy a Filet of Fish at MCD's yesterday- The price action was too low and gappy-
MSOS has been a vehicle to trade pot legalization potential at the LB board-
Came to view this late am- set a buy-stop for a potential entry. Presently stair step tight pricing- It filled- Risk is $0.17 @ $9.67- shown is incorrect-- misread the prices. Stop is set below the 10:30 consolidation- $9.63 Need to clean my specs.


imgur.com/8w33WCL Trader TV live- I don't follow this every day, but it's an active trading site- with some periodic time during the day for some 'teaching' .

GLD position is working- added more yesterday on the weakness. stop locks in a nice gainif triggered at $214.78- I'm jumping ahead of the psar- see that higher price that held $214.80.

TSLA tanking- Wheres my TSLQ short ?

Getting too many positions-
TQQQ had a pullback and a higher swing low established- I raised mustop to $59.20 - Break even- That swing low Red bar @ 11:15 was $59.30 - Price moved higher- out of the swing low- so I'll raise my stop to just $0.02 below that red bar- $59.28 . small profit if it triggers- but that pullback and higher swing low found buyers to propel price higher.

GLD- almost triggered my stop- came Close- but got a rebound off that pullback to a new high- Ideally we see another leg to a higher high consolidation- and I'll be tightening the stop again.


Patience paying off! Udow moving in my favor- Stop under the swing low- but if price continues to trend higher- I'll jump to below the green bar preceding the high bar as a take-gains- Devoid stresses that he can allow some heat on pullbacks in order to get the bigger gain by holding for the entire day- However, a tight stop trailed can capture a pull-away momo move and then buy again after the snap back


msos stop is raised as Price makes a move higher out of the consolidation. Reduces my net Risk to $0.06 on the 250 shares- about a -$15 loss if it triggers.

Presently up + $400 on the day - the Question is, how much can I keep?

stops-adjusting tighter



tIGHTENED THE STOP AS I SEE pRICE STRUGGLING OVER 2 BARS TO MAKE A NEW HIGH-
Set the stop $0.02 under the round number $60.40 that price seemed to respect -

Darn- the very next bar followed the weakness of the 2nd attempt to get to a new high- and it pushed below that Round number - illusion of a support- and almost triggered my stop -
Price is now debating - I tweaked my stop down just $0.01 lower- to give myself a $0.02

Stops trigger as mkts all soften post 12:00

Loss as MSOS stops out below my entry cost- I just took another Buy on the Hook and price green bar off that test to a lower low-
stop risking $0.07 on 250 sh.

I did a really STUPID trade a short time ago- on a stock that I heard was ripping higher on Trader TV- as it is playing in the back ground-
Actually ashamed I allowed myself to venture into that ridiculous momentum- just 15 shares that cost me $150.00 in just 2 minutes-
DXYZ chart- will annotate it later to post here- but busy looking for re entries in the earlier trades and potentially other positions to take.

Greeks talk about Hubris- So, my relatively large profits earlier have been cut by 1/2-
I made the stupid DXyz impulse trade- but I had also set buy-stops for re entry into TQQQ and UDOW- both filled- but I didn't see them fill- too occupied with the MSOS trade re entry- too many pies- too few eyes...
I saw the fills on the order page when I reset a msos entry - and belatedly saw the charts- both had fills, afew minutes going higher and then quick snap backs dropping below where I would have set my stops.
So, I let myself down in not being as diligent and disciplined as I can sometimes be.

Salvaged the TQQQ Trade - I set a stop loss immediately below the red bar low price had made- and, as good fortune sometimes does, it moved back higher- and pushed to a high above my prior buy-stop entry- I raised my stop to risk $0.05 below my entry cost instead of selling for a small gain- but price rolled over after that and I was stopped out.
Similar story for the MSOS re entry. Initially I had allowed it some leeway with a $0.07 stop- Price pushed above my $9.80 entry cost- to a high of $9.87- I raised the stop to within $0.02 of my entry cost , and Price has weakened, but has not reached my stop on this second time order. Stop is $9.78- psar is $9.77 and the $9.80 need to hold as support.


The market teaches us lessons- often about ourselves, if we are willing to listen to what is being taught. Blame is not on the market- The market will do whatever it chooses-
We can control how we respond, and how well we adhere to our rules-

MSOS stop was within $0.02- Now sold 50 @ the move above $9.90- stop 200 $9.86- will try to trail this with a min give back - It's now profitable - erased the am 1st trade loss.
Looks poised to make a momo move!
Sold 100 tight stop $9.92 filled at $9.90 - $0.02 slippage-
On the pullback @ 2:33 - stop for the remaining 100 shares $9.88
2:42 MSOS remaining position- stops out

All of my Tech adds came back and while I locked in some larger gains in MSFT , most out-covered just above my entry Cost-

3 pm re entry into Gush - early signals- bullish green bar - $44.04 stop $43.97 - Risk is $3.50 on 50 shares.- Define the range direction is a sideways consolidation following a 1 pm decline- pullback to the rising 34/50 emas- - This will either be a go-, tighten the stop last hour of the day.
Early weakness and roll on the techs-

Interesting how

gUSH RE ENTRY 3 PM WORKING- STOP TO b.e. ON THE UPSWING ABOVE $44.10 IF IT OCCURS


Just for fun- checked the autos- GM made a series of upmoves today off the open- At the really tight price consolidation- I set a buy stop $44.26 -Price was basing $44.24 -
Since it didn't break lower today- potentially someone is building back a position-a swing stop would be below today's low $43.48 stop. I'm risking here to see if price has buyers sweep back in after yesterdays start at a new high and hard drop /low close. Someone jumped in at yesterday's Open to buy at $45.90 only to see their investment drop -$2.50
Notice the hook on the daily RSI-t

Shucks- but this is the reason to target an entry with a tight stop.


But GUSH makes up for the small loss in GM- Quick up move fades, stop $44.11 to lock in the net smaller gain.


stops out for a small profit- jacked up the stop because of price weakening-


took another late day trade on the 1 minute chart at the last few minutes- Buy-stop filled and my stop was raised to Risk $0.1
That worked- Gave up a total of $0.50...
Only trade that didn't trigger my stop was GOOGL- Holding it -fingers crossed- over the weekend-

Ready to see STRPID? With Profit target met on the day- despite Stupid loss- this trade brought me as I entered and price held for 30 seconds- and as I went to set a tight stop- the Price dropped like a rock and was past my stop level before I could hit confirm- I had to make a panic sell .

Lost $150.00 in 1 minute - I was just luck to have not lost a lot more! I'm embarassed I ever got tempted to play out of my zone- Impulse trade- Fiasco -Teaching lesson here!
I'll be printing this excellent example of not adhering to your own guidelines!
tHIS WAS A PURE IMPULSIVE TRADE AS i HEARD ABOUT THIS STOCK THAT IS RIPPING HIGHER AND breaking the shorts- 12:00 - I brought up this huge momo chart- and set a an order that was not filled initially- I adjusted the price up $0.02- but I failed to even notice that no trades were occurring over that period- se also the prior gap in trades at 11:53-11:57.
Normally, I would buy a 1 share position-and set it to sell as a stop below my intended stop price--When my Buy order for more shares gets filled, I have that open order on my screen for 1 share sell stop- and I can just change the qty to my position size and modify the price and click submit-confirm- less than 15 seconds needed to perform.
My order was filled after the gap reactivated-at the high- and when I went to set my tight stop to Risk just $1, the elevator was heading down like a rock- and I had to scramble and redo an order for a market SEll. I was lucky to only lose $10/share- had i delayed, there was another price gap and a bigger drop- I could have been down -$450.00 in 12 minutes! Had i not entered into this trade, I would have made a very respectable + $275 - $ 300 on the day trades.
At the EOD, I walk away with just a $128.00 + on the day and a gain in GOOGL above my entry- just 1 share remains of the other Techs that rolled over-







SECTORS PERF EO WEEK










[/font]

[sd]

End of Week-
Brian Shannon EOW video- Cautionary words of wisdom-
He refers to his use of the AVWAP Anchored volume weighted Average Price-
I have the VWAP on some of the charts- but I haven't seen much relevance that the Vwap functions well as support or resistance
It is shown on the GLD chart in the prior post.

alphatrends.net/archives/premium_articles/stock-market-crypto-analysis-april-5-2024/
dID SOME AFTER HOURS BUYING IN ENERGY, DEFENSE AEROSPACE-PPA,XLE,RSPG. GOING TO HOLD THESE THROUGH THE WEEKEND-AND IDEALLY AS SWINGS.
Visiting the LB Board- after the Close- to catch up on the day's actions-

[sd]

sATURDAY-
rEVIEW OF THE TQQQ TRADES MADE 4.5. 2024.

I wasn't following TQQQ for a trade initially from the Open- I took 2 trades- 1 winning; 1 losing.

I came to view TQQQ late after the open - This is a 3 minute chart- The Open was $58.40.







tHIS IS AN ENLARGED VIEW OF THE 1 MINUTE CHART



tHIS WAS A BULLISH Higher open from the prior Close- The MACD histogram , Stochastic, uptrending.
The 1 minute view gives the best potential early entries- if one is agile enough to be ready with an order- A market buy order- or a trailing buy-stop order-

Consider the potential ways to enter-

Limit or market Buy at the Open.
Buy after you see that the 1st bar is Closing up. Buy- stop above the 1M bar high-

In this case, we have a volatile open-
the 3 green bars from the Open - depending on where you entered- where do you set the stop?
Your entry on a green bar is your assumption that an uptrend is about to begin-
The blue bars are a volatile check back - notice that there are 3 blue bars that base above the opening Green bar low-
An aggressive stop would be under the low of your entry bar- for the smallest % loss.
The horizontal lines on the chart are spaced $0.10 apart-
If you are trading with some size relative to your account- you need to protect with a tighter stop-
If trading with a smaller size- you can allow a bit more leeway-
Let's assume that you have a sense of position sizing-

OUT- some things to POINT out in the differences in time frame views on a chart- The potential for an entry on the 1 minute time frame
Buy the OPEN _ $58.40- but the bar dropped to $58.24.- that's a $0.16 decline in a few seconds, before turning higher and closing $58.43.
Buy at the higher 1 min Close- essentially entering at BAR 2 .
Gone for the day




Been out for the day - Trips to Home Depot- Potting mix, wheat straw, Pine straw- Called in an order for Lunch from the local Mexican restaurant- Fajitas + Late lunch outside on the patio ....Boat batteries taken to Batteries Plus to get checked- 4 years old and all 3 batteries were found low on amperage potential- Changed them out for 3 new marine batteries- Potential for frost tonight- so tried to cover up some of the new growth- Kiwi vines are about to flower, Apricot, peach,plum and nectarines- all have set fruits-
We usually will get a hard freeze after the fruit sets- the early warm spells in recent years starts plants flowering out too early- as a result, the fruit generally will drop in a few weeks or a month- Fingers crossed this won't be a repeat year....OH yes- Had to reset the live trap because a possum decided to dine on my grapes instead of on the new plant growth in my mini orchard- Dropped him off on the other side of the river along the county park area.

[sd]

Jason covered a lot of the markets decliningAD lines-
Summaruized his indepth report with a final caution:

The Bottom Line

Nobody knows what comes next. The market gapped down Tuesday, but it recovered Wednesday and Thursday morning. Then is sold off hard Thursday afternoon and partially recovered Friday. Were the big losses hints of brewing sentiment or random overreactions to news? We'll find out, but it's best to find out with lesser exposure.

Many breadth readings moved to their year-to-date highs. And then they fell back to the middle of their ranges.

This is not a time to be a hero. Day traders can do their thing. Swing traders must make sure they're playing the right stocks. Gold and silver have done great. So has oil. But tech is splitting apart, with some doing well and others trending lower.

This is not a time where a rising tide will raise all ships. Be careful. Play good defense.

Have a great week.

Jason Leavitt
Markets dropped hard last Thursday - a FEd Khaskari- opens his mouth - combined with rising global tensions- and he suggests that Maybe the FEd shouldn't cut -
Why are these non participants allowed to make statements to play the press?

If the Fed chief is indeed the Chief- Powell- he should be the sole spokesperson- and deliver an agreed upon summation of the Fed's approach- These other spokespeople that generate different interpretations serve no purpose other than to counter the consensus point of view- But perhaps this is the Fed's intention allowing them to front run the next fed meeting notes- ..to set the stage for the market..


Some charts from Devoid- Whose approach I am using as an outline for experimenting with the faster time frame as potential entries-
Found at www.Leavittbrothers.com -
Find a trader that has a systematic approach- Follow that trader and break it down to fit your own developing style- Test it out for a fit- give it some time, make some tweaks to learn if you can do a modified approach better to fit your own comfort zone- or get the hell out of the comfort zone if it has not gotten you the results you want to see.

From 4-4-TQQQ
Price made a big gap Open- Devoid waited- didn't chase


Beast -TQQQ


Geo- TQQQ- very large charts- Uses Forks, Fib- Red box- and too many redundant indicators - IMO. -
But he & RAt often target entries and exits that seem to nail the turns Takes 2 screenshots to capture his entire charts



comments- for developing traders -Found usually Daily from members at LB to encourage developing traders.


So- to the Trader that may stop by here and move on to search for the next trade opportunity- or to what's popular-
there a few that stop in here - and ....

Pause- Take a deep breath and consider that this site here at DG's - why are you bothering to be pausing here?
It's a Fair question to ask yourself- Looking for the something that you feel you are missing in your trading-
Periodically, i delve into some subject matters that are beneficial - like Position sizing as a pre requisite for your survival-
And since i don't do much internet socializing- that's a resource that I ignore- Reddit, Face book, and whatever-

I think what I have found compelling at this late stage in my trading journey- Is that I essentially traded in relative isolation for a number of years-
Membership wandered away as DG and it's active members moved on- I ventured out from under my trading Rock -like the hermit crab- seeking a different shell-
Went and tried a few different forums- Stock Market Mentor- Prosper Trading-Scott Bauer-(Options)($2,500 high fee- poorly structure for teaching the novice options trader - learning)
and I came acrossed Jason @ www.Leavittbrothers.com- and the LB forum and then Jason's minicourse- and gave it a trial- and then bought his course-
I've been trading since 1998 +/- I came to learn Technical analysis- and there's a long past story of the last 20+ years- and no time to get into the weeds this pm...
I hope I'm speaking now to one of my granddaughters/grandson that will someday learn the art and science of active management but conscientious continuous investing as well.. -and learn to actively manage their monies, to invest well, to trade well, and become acutely financially aware at an early stage in their life.

I hope the same for you- That perhaps something i ramble on here will strike a note that allows you to consider- You are on a journey- and i still am -even after many years-
I doubled my IB Roth account one year by trading in a bull market with a very aggressive stop-loss approach - and I was working full time and trading only at the EOD- but with stops-
I cannot tell how many years back that was- Perhaps 10- but i traded aggressively because it was a small account-About $10k- Not my IRA - and got lucky - never came close to duplicating that in latter years though!
- Anyways-Before I continue to tangent down Memory Lane-
The www.Leavittbrothers website opened my eyes to a group of traders- that trade differently from one another- From Swing Traders using weekly and daily charts- to day traders using fast 20 second to 5 Minute, day trades, and swing set ups using 1 -2 hour charts for making trading decisions that will be held overnight- perhaps for days- even weeks -trend permitting-
Jason has an amazing grasp of the market- but his members expand that perspective by their different approaches-
Trading on a faster intraday time frame has not been an easy transition to develop some skills and success in doing so- takes time- seat time as they phrase it- There @ Lb.
Transitioning from being a daily chart swing trader to viewing charts on a faster time frame is simply an eye opener-
WHY only view a daily chart because that is what you were shown -or what is the typical trend following chart? Certainly it has it's place as a swing trade-and Investor focused on price performance- but drop down from the Daily to the 1 Hour to see the nuances and exchange between Buyers and Sellers- Then narrow the focus in on a 15 minute chart- and compare .
That's a good starting point to learn to get into a better entry- perhaps a better exit on a swing trade position- One doesn't have to drop all the way into the deep end of 15 minute down to 1 minute charts-
Start there to find



The request to have a member take over here on DG's passing-some years ago- pulled me back into being more market focused -

[sd]

4.8.2024 Futures slightly in the RED -but it's early with a look several hours prior to the open .

Today I'll be initially viewing prospective entries at the open with 2 charts- I'll be viewing a 1 minute chart along side a 3 or 5 minute chart-
I'll also have a chart of the inverse fund that corresponds .
AS Jason points out-we don't need to try to trade everything- If we focus on trading only a few - or just a single stock or ETF, we better learn how that works across different market conditions.

Similarly, the indicators and charts- Less is More- as Mom used to say- Of course she wasn't referring to the number of indicators- but on the strength of the fertilizers used in the garden on young plants.

CPI out Wednesday, PPI report Thursday.
Treasury yields are higher- typically bad for Stocks when yields push to the high side of the spectrum- as some investors with cash will opt for the safety of the high yield from 'safer' treasuries.

Mohamed El-Erian on CNBC this am points out that this Fed is too anchored to each data point - and it's giving a roller coaster ride for their policy statements- He thinks the Fed should step back, take a more long term view and -cut 2 times this year -allow the economy to reach the 2% inflation goal over a longer term- as long as the economy remains on a positive growth trajectory-

Futures swinging into the green @ &;30 am.

The demand and need for increased electricity due to both new Data stations being needed for the AI-computing growth expected, and the demand from EV's for charging- our present infrastructure is already stretched thin in some areas- and the need for increased Electric cannot be met solely by wind and solar- buildouts. More reliable electric generation will be needed to meet the demand- and the best alternative for that would be additional nuclear power generation -and/ or Natural gas -
Electric power from Solar and wind requires large battery storage -

Also heard this weekend some discussion on how the battery packs in the EV's are 1/2 the cost of the vehicle- and as the EV vehicle ages, the battery output gradually declines-
a 10 year old EV may require a battery replacement -so, who will want to Buy an older EV- Talk about depreciation! And- perhaps new Technology will someday deliver new battery technology- but we're very early in this transition-
Promoting EV's is a noble effort to reduce emmissions- but follow back the entire process to realize that EV's have a high carbon footprint due to the added mining costs for the minerals needed for battery production. The drop in demand for EV's that are not Hybrids is a growing recognition by smart shoppers- that the hybrid EV- smaller battery pack for that 100 mile range around town, complemented by a gas motor for the longer range demands of taking a longer trip - and the reliability and convenience of having gas stations available- versus charging stations - hands down makes sense.

3 Charts of TQQQ- the 1,3, 5 Minute time frames-
PRICE declined about 3 minutes from the Open.
The difference in where the different price bars signal a Reversal of Trend- R.O.T is what is noteable -. That reversal is shown as a higher green bar Close following a series of preceding declining bars.
The 1 minute chart shows a R.o.T. bar with a bullish higher close- identified as the green bar 11 minutes after the open. Green signal Bar Closes @ $58.30- Upside hooks on Macd -Uptick cross on the histogram-
The 3 Minute Bullish R.O.T. occurs on the 4th bar- 12 minutes after the Open- @ $58.50 .

The 5 Minute R.O.T. green bullish bar occurs on the 3rd bar- 15 minutes until it Closes @ $58.70.
Notice that an entry on the 1 & 3 minute charts based on the Close of the R.O.T bar did not see any downside test after the entry-

The 5 minute bar saw price decline by $0.11 on the entry at price $58.71.
The difference betweeen the 3 price signals is $0.20 each- An entry on the 1 minute would have a $0.40 gain over the 5 minute-


If you normally use Daily charts- Try the Daily- 1 hour- 15 minute- -and see how that could increase your perception of price as it gets moved by the markets.


9:11 am- Showtime in 20 M-

I'll view SQQQ/TQQQ initially - for potential trades- as my 1st choice- but may also shift to a pair on the others 3x ETFs.



stop elevated as price consolidates higher-
i.imgur.com/Cylyh0i.png

Raised stop triggers for a small net gain


TQQQ ripping higher 10:30 My jumping the stop higher that took me out- Protecting my entry for a small gain -
Had I stayed with the initial stop, I would be deeper into the green on this surge higher.



BNKU- Entry on pos mom this am- gave it a tight stop that will get triggered on any shallow pullback-
Stop is a $0.25- presently above my entry cost.


-$12.63 loss on 2 TQQQ trades- Poorly executed- missed the initial R.O.T entry - and tried a breakout later -Tight stop raised to protect the entry 1 got whipsawed- Where my initial stop would have seen a winning surge higher later that am- Again, my re entry was also belated on that R.O.T attempt that I jumped in on- That resulted in a quick reversal and I bailed to sell at MKT on the red bar.

Winning trade initially in TSM stops out on the pullback

BNKU stops out on a Trailing stop for Gains-

EOD Edit- BNKU dropped lower to the 34 ema, rallied and moved higheer- Faded into the close about $0.05 from where I exited this am.

AAPD position taken with a tight $0.06 stop-
No time for charts - Mulch is calling....68 degrees !11:45- Account in the green -

Great view of the Eclipse this pm - Clear skies in Raleigh, NC- Sat in the front yard eating a late pm lunch fronm the Mexican restaurant and got to view the 85% partial eclipse in this area- Pity those folks that spent all that $$$ to Fly, Drive and lock up rooms in Texas to have the threat of severe weather cause some viewing areas to cancel -
Talk about disappointment!

[sd]

4.9.2024 Futures improved -in the green premkt 9 am .
I'll catch the Open today, Perhaps take a trade with a Trailing stop- but need to head out and complete planting today-

Very well illustrated TSLA chart from the LB Board-
The poster took the time to annotate the chart with quite a bit of detail - Diverging lines- trend lines- and highlighted the Kiss on the macd...
Dbl bottom sets up for a well defined Point of Failure. autockr989, 19:01 04/08



gETTING WHIPSAWED ON THE SEMIS i BOUGHT WITH LIMITS THIS AM AS THEY SNAPPED BACK-
dIDN'T SEE THE arm FILL AND DIDN'T GET TO SET A STOP - Took a -$50 hit on that-
Need to have a sound generated when a trade fills. Too many open orders- Was down -$75 @ 10 am as the rollover took out stops on the other positions I entered-
I lost-$12 on an early TQQQ and went into the SQQQ-
I bought the green bar up move from the 10 am swing low Red bar initially- it stalled and price declines- I had set a stop -$0.02 below that swing low- Price dipped lower by $0.01 below the swing low- tested that lower level 2x- within $0.01 of my stop - That trade has recouped `1/2 of my earlier losses -presently gaining + $37 on a 200 share position- My avg cost is $10.638 = $10.64.
I'll try not to micromanage this too tightly with a raised stop- shooting for higher gains.





Stop triggers - Account now -$40.00 on this lock in too tight stop - but with the fast ema and psar
Price tried to jump back up but failed to come back to the previous high- a new psar Sell is above price- indicators are hooking down .

Re entered 250 @ $10.95 @ the bullish test of the prior highs- Initial stop was $10.89-
Got a higher upthrust- new high-jumped the stop to a very tight $10.93 as Price reached $10.97
This stop triggers 10:57 -
i.imgur.com/mO0Fz36.png
Prudent to note the indicators weakening-
and a wider stop- Will not necessarily salvage a trade.
by jumping up the stop on the lack of a 2nd green bar -seeing the early lower blue- I saved the trade from incurring a wider give-back .


re entry- Price paused the decline- lower blue bars- on the upthrust- and just ahead of the indicator hooks- entered- This will be price trying to make a 1st R.O.T. attempt-


Trade stops out -as 1st thrusts often will- gave back $0.03


11.23 taking a reentry with larger size- a 1st for me on this 500 shares $10.85 - stop is $10.81



Hoping this can start trending higher!


Red bars after a thrust higher- stop raised to $10.83 likely triggers.11.38- that red bar looks to have touched my stop but it didn't get triggered.



lowered my stop to $10.82

This is a great test for me- indicators suggest I should bail- another Red bar- will the 10.83 prior red bar low find buyers?
Nope- As I wrote this, the red bar stopped there- the next bar dropped and triggered the stop @ 11:43:21 $10.821 fill.
Net give back- entry cost 500 $10.8486= $10.85 - net give back -$10
This suggests I should have jumped into TQQQ - but small steps here assimilating the overall trading on the 1 minute view-
At this point, I'm in the red a total of -$36 -
sqqq- no position @ 11:52 putting in a lower base here- but I bought this base -250 at $10.795- upturn on the ADX , RSI, MACD but stochastic is Nada, but above the 50 level- However, this is now technically in a downtrend since 11 am -so a move up to $10.81 would touch that downtrend.
i.imgur.com/uinBA13.png

trade gets stopped out @12:01- Even though the other indicators had upturns- the stochastic was not believing as the base failed to move higher.

@ 12:00 Another basing consolidation drew me back in- The stochastic failed to confirm the attempts inside the base- I took another Loss-giving back $0.03 on the trade- losing $15- This wipes out my earlier profits in SQQQ to a net $0.00 -so enough screen time.

i.imgur.com/SAZapii.png


I had a lower limit for GLD fill $217.10
I also had a TSLQ position order fill today 51 shares @ $37.85 - with a net $20 gain presently- Stop will be raised to Break Even on it and let it roll
$10.76 buy stop fills- TQQQ weakens mid day stop triggers


2 PM -SMALLER SIZE- stop above entry -$10.78 gets triggered. amazing how tightly the price range is within these basing consolidations.




Been an interesting day exploring this fast 1 minute time frame-- @ 2:15 pm , I'm down a total of -$17 for all of today's trades in SQQQ.
Explored adding size to some trades -
Losing trades in TQQQ =-$18.00
So- This pm price appears to be in a sideways grind-
The forced trades in SQQQ following the 11 am turn down - proved to be the start of a downtrend- into a sideways chop-
If Money was to be made, it was getting positioned for that am breakout @ 10:30 -10:58 am. about a $0.30 point rise in 30 minutes-

Indexes are all lower at 2 pm -

Jason Leavitt -video- commodities
www.youtube.com/watch?v=i-JP0Xf86-A

[sd]

wED 4-10-2024

Futures -all slightly in the green.
8:30 am- CPI comes out- Bummer!
Futures flipped and all went red on the higher CPI results @ 8:30 am-
A total flip to the down side- Hotter inflation Core - 3.8% -higher than expected.
This means the inflation being significantly hotter and stickier- No rate cuts any time soon.
Downer for the markets!

Doing some analysis of Devoid's trades in TQQQ over the past 1-1/2 days.




Devoid's chart illustrates the proper 'signal'- on Tuesday- where he front ran the signal by entering on the 2nd bullish bar as price was in a downtrend. That entry was ahead of the macd cross- with the MACD well below the 0.0 line and prior to a cross- It did coincide with an uptick on the Histogram - but note that 2 histogram bars prior was also an uptick; The 1st seen in the declining histogram -was followed by a deeper histogram bar as price made a lower low. It appears that his entry on Tuesday was approx $59.75 , and saw price drop slightly below his entry cost @ 1:45- - He didn't bail out on that test and held until the final 30 minutes- when Price finally made a higher push green bar out of the sideways consolidation- but that was followed immediately by a red bar, and he then took the trade off-selling for a net gain on the second red bar- Net gain $0.25
The typical criteria- that confirms the 'signal' is the 3 upcrossing the 8, Macd 0.0 cross , and a rising stochastic- In this example- the signal is shown as the 3 crosses the 34 ema , lagging the sto & Macd upside cross- His entry was potentially on a uphook on the 3 ema-just before it crossed the 8.
Notice that he Front ran the Macd cross (not there on this chart) by a considerable amount.
He entered when price moved above the high of the lowest red bar-


Devoid's entry on the 5 M yesterday-
His 1st entry- About 42 Minutes in (10:12 am) -approx @ $60.32 stopped out for a net loss - @ $60.20.
The Macd was above the 0.0 line at that entry, and the stochastic was on the rise from 10 am.
He stops out on the rising 34 ema.- that he often refers to as a potential support . He will also allow a winning position the leeway to test that 34 ema level on other trades- in order to hold for the entire day.

His last entry was on the bullish green bar reversal of a sharp drop of 5 red bars- He waited- and entered a Buy just above that
red bar that made the final swing low. His entry appears to be $58.90. That also matches the 1st uptick on the Histogram and a stochastic cross that was more than 1 Std. Deviation level on the stochastic- an extreme oversold level.
The 3 ema was a mile away from upcrossing the 8 ; The Macd quite a way from making the 0.0 line cross- and the stochastic was deep-but upturning.
So, while the typical signal guidelines he cites often produce good entries and winning trades- His experience in reading Price action often gets him to take an early front run entry.









Devoid buys the Open today -big gap down



Find Devoid & More @ www.leavittbrothers.com

1st thrust often fails- lets see where this goes-
@nd thrust a better entry?

I did add some more GLD on this drop- with a $1 stop .

My entry- on the 2nd thrust-$58.31-I fumbled- tried to buy stop $58.20- Had to chase to buy at mkt.


Stop raised to net + $0.18 - sold $58.68 net gain





a 2nd entry on a upmove -jumped stop up to B.E.
out- a 3rd entry with a limit $58.52 as price drops into a sideways range. Stop $58.42



Devoid entry stopped out- his reentry




TQQQ breaking higher- Not a position- lmt did not fill.



TQQQ higher!


My short term trading in TQQQ initially captured a gain but gave 90% of that back trying to get in and out-
Had I held the initial position with a stop raised to just protect the entry- I'd have almost a $1 net gain-


My GLD trade proved timely-


TQQQ pulling back hard


Devoids update


TQQQ comes back and fills my limit- but drops thru my stop-



Ok, I apparently had set an early order-I failed to cancel- and this is -No Excuses- Holding a combined 100 share position here and a potential $50 give back. Have to review the orders...

Yup-tOTALLY blew it this am - with apparently a limit order to add 50 was filled at a higher price-
Taking a $50 loss on this - Price dropped $0.04 below my stop- and bounced back higher-
So, LESSON hERE- Things move Fast on the 1 M chart- I thought I had my S... stuff together by setting a stop for 1 share and as soon as the order fills, change the 1 share order to cover the position. Got caught up -perhaps while also watching the Gold trade- to not see the order get filled at a higher cost. I'll chalk this up as another lesson- that I need to retain and try not to repeat-
a 'Sound' signal when a trade occurs would be very useful- The TD Ameritrade account at Schwab will be transferring to the TOS think or swim platform in May-


GLD trade came back to within pennies of my stop- I added 10 shares at that pullback- so now holding 40 shares- with a stop at just below my averaged cost.


Indexes are not happy with the CPI-Good time to be taking off some profits for those that have decent gains-



GLD add - will set the stop just below the 2nd higher swing low - Risk on the 40 shares averaged cost -$24.00
Why did the GLD go down? The Higher Rate jump on Treasuries- I think- But you would think that Gold should find a reason to rally here after the initial lower reaction. It's now my sole large position.


Devoid- taking a 3rd shot at a bigger move- but he got a small gain on his prior raised stops
Notice the detail- divergence -34 ema as a resistance highlighted - MACD well below the 0.0 line-
Stochastic signaled an upturn.
Devoid @ the LB board is my motivation to 'learn' this fast method of trading- Lower Risk-

Looking where the sell-off reaction is seeing upside



Late to get the sale buy on NVDA- Snap back follows a lot of recent selling.


Devoid - a 5th entry is on- Note how well he exited for net gains on the 4 prior entries!
Find Devoid at the LB board-Such a good example of trading on the faster time frame!



Find Beast @ the LB board






axon WAS A MARKET LEADER-today!
Got an entry on the gap up from the consolidation- It was initially followed by a higher green bar that turned and dropped hard before I could set my stop- I set a stop below the low of the consolidation under the round number by $0.02
Seeing another try underway on this chart.

AXON MADE ANOTHER UPMOVE ABOVE THE CONSOLIDATION- I took that opportunity to tighten a stop close to my Cost of Entry .

While stepping outside to get the groceries -Lolo returned from shopping...Axon stop triggers- much smaller net loss



eod- GOING INTO THE cLOSE-
sMALL GAIN IN tqqq ON THIS TRADE-

i JUST BECAME AWARE: I pay a little extra for the realtime charting from Stockcharts-
As I view price on the 1 minute time frame- and was preparing a buy-stop order for TQQQ on this trade- The bid-ask was already above my buy-stop and I bought at Market- I'm not able to determine the actual lag on the chart- but it potentially is a 10 second
lag- I see that stockcharts is a bit buggy today on the charts- perhaps this is just a result of overload on their system today.

Devoid manages to net a +1% Gain- over 8 small gains -All Winning trades- but as Knewt1 asked-
3 pm-

EOD

[sd]

Family Duties called this am- Returned late afternoon-No day trades- but I see Devoid caught a big swing!
Added to the NVDA I bought yesterday, and seeing AAPL,MSFT,META-Googl,GE all holding near today's highs- -
Added positions in each as Swing trades. Cautious- but today's rebound after yesterday's gut wrench news on the higher inflation- that reaction
It 'feels' like we're about to take a leg lower- so my swing positions are all prospective- a Close below the lows of this week is time to bail-

AAPL getting a bounce today on AI "news"- however- AAPL is still in a downtrend- added some here thinking it gets 1 more day to follow thru. higher- but if not, today's lows are the exit.

[sd]

4-12 open is down


sTOP RAISED IN tqqq

$60.20 BsTP FILLS -STOP 50 $59.95
aVG COST $60.06
9:50 - STOP IS TIGHT HERE- $59.95/50 SH
[/IMGhttps://i.imgur.com/9snWKiX.png[/IMG]
stop raised - triggers on the Red bar





this trade stops out - Got to monitor Price closer to gauge and get that earlier entry- tighter stop-
This is a net $0.20 loss on a smaller 30 share entry buy-
Presently in the Red in TQQQ trades -$10.05
Had I been viewing on the 1 M chart-

TQQQ 1 M chart -entry ROT here? or whipsaw?

Whipsawed- took a 50 share size-
Combined losses - $31.91
A new buy-stop order is waiting above the consolidation to fill.



PPA- DEFENSE- Entry on the bullish upswing- stop below the gap from yesterday

Price weakened- tested the gap as it pulls back-
Stop may trigger- mkts are weak - Logic says we need Defense in this global unrest- but let the chart be the guide- not my biased thinking.




Energy a WINNER TODAY- wILL WE SEE A COMEBACK AFTER 10 AM?

commodity position filled at yesterday's high- TR stop gets me out @ B.E.- will widen the stop if Price moves higher- $0.07 TRailing.


PDBC TR stop widened to $0.10 on the bullish move higher-


AAPL stops out net gains.


Markets appear to continue to slide-Seeing a -$400 drop in positions held in the IRA- giving them "swing Room" - but that was likely poorly timed.
Presently I have- a +10% invested in the cash available in the IRA-
TQQQ buy-stop fills 11.17 am - stop raised $59.15- will try to hold this - edge the stop up To B.E as it is moving higher- -
I will need to see Price to get above $60.00 to get my losses into positive territory


Wonder how Prof D is doing today- Haven't visited the LB board yet-
He often holds a SQQQ Hedge- to protect his longs-

As this TQQQ bottomed- NVDA also bottomed- I was holding 6 shares at an avg cost of $883- with a stop @ $879.00 -I added 5 shares $890.95 - wanting to see a reversal higher today.


NVDA position was taken over the recent days- held 1 share with a net cost of $804 if I recall- add 2 this week, added 3 , and fortunately didn't stop-out today- and added 5 as I see a rebound in TQQQ from today's sell-off-
That done- the stop for the entire position is set to lock in a small $3 gain if it triggers- but I hope it survives and NVDA swing higher will succeed to be a R.O.T.

tqqq -11:44 - pRICE PEAKED AND A PSAR SELL GENERATED ON THE 1 m CHART-
i DIDN'T FOLLOW THIS WITH A TIGHT PSAR STOP ON THIS TIME FRAME- i'M ALLOWING THIS PLENTY OF ROOM- hOPEFULLY THE MARKET FINDS THE WHERE-WITH-ALL TO MAKE A RECOVERY r.o.t. TODAY- AND THIS TRADE WILL RECOVER THE ENTIRETY OF MY EARLIER LOSSES - Presently I'm only down -$10 in the TQQQ with this active position .
This may become a w-c-s moment and see a $30.00 loss if my present stop triggers for small change gains.
Today was a real stretch for me to give swings some room - and see profits declining-
I've seen about a 50% improvement from the earlier lows in terms of the account being in the RED - Presently -$250 overall .
At this point, the swing low for the day should be in place- so stops set under that swing low will stave off a larger sell-off.



TQQQ- STOP IS NOW RAISED UNDER THAT 1ST SWING LOW RED BAR PULLBACK .
The second attempt by price to push to a Higher High HH was not able to get through- -That 2nd try failing would be the smarter place for a -take-profits-
Missed doing that- intended to give it some room- but the Pullback is testing the prior swing low-


NVDA weakening- stop raised to $890.98


mETA- added 6 shares on a buy-stop fill- but it was recognized as an early entry- not supported by a full stochastic upturn-
indicators -such as the MACD histogram weak and in decline


TQQQ STOPS OUT -MIDAY-On the elevated stop - pared off some of the earlier loss n ow -$23 for the day in TQQQ.
W-c-S raised stop higher on that failure to make it through the resistance of the initial High.
Will it bounce off the Swing low of the Day?

Sell-off in mkts accellerating


Stops are triggering in the swings- Gave Meta a $1 drop on the stop- $512.90. Losses are mounting, positions are triggering stops-
So Much for Giving the swing trades 'room' -
Need to head out to the garden and work off some tensions!


I was lured into buying more tech on the Thursday snap back rally-
At 1 pm today- Mkts are at sessions Lows- I should have been positioned in the inverse short ETFs to balance off the losses..
It appears that the market will find plenty of reasons to correct-
Pundits cite concerns about the middle east - but the PPA, ITA are also being sold-
Friday, Hedge funds will swing into cash .

Perfect DBL Bottom made in MSFT - Buy stop lowered to get in Closer to the P.O.F $420.65 stop-loss
Triggers as I write this-
This was a failed Trade, but perfectly executed- (hear those Trumpets and Horns going Boo-Yah?)
My MSFT position stop-loss was just below the prior swing low- - It was triggered on the red bar that dropped below the prior swing-
I had had a buy-stop waiting if price made a move above psar $420.40- and On the upmove I bought @ $420.00
Stop loss was just below-
and seeing the next reversal higher-
Jumped into TQQQ on the 1:37m green bar up move- made the Buy- caught the upswing attempt and raised the stop-loss- tight on price action- Netted +0.32 - reduced my earlier loss in TQQQ down to less than -$10 on the day-

w-c-s say that about the big losses on the swing positions.

Called the pending turn this pm in TQQQ- tried a few times- and we did get that bigger upmove attempt at the 3:38


A big potential mistake is that I added in as we headed into the Close- intending to push the sell button at 3:59 50 - to sell into that last bar that moved up-
Missed and found that my sell order was just a moment late-

Today was a RED day across both accounts- The Roth lost 1% of the trading monies- CD portion was solid and safe.
However, I'm holding TQQQ, and GOOGL over the weekend- So that's a real toss of the Dice-
In the IRA, a very minor-0.05% loss- as I had some gains in a few trades there- Holding a couple of CDs there and a relatively large cash position-

So, discouraging week overall- It looks like the cards are stacked against the uptrend- but we have been overdue this correction + a bit more- This is mild-so far.

What counts is not what you have in paper gains- but what you have at the EOD you can buy a hamburger with- That's what counts- How much of those paper gains did you retain?





I started the day with these positions- All were sold - Failed as swings- except holding Googl. and a late TQQQ entry


lots of Bots seem to be tracking me- or so I assume that's what's racking up time on this blog site-
If you're Human- spend some time @ www.leavittbrothers.com - take the free trial- and consider Jase's courses.
That website has some serious and successful-and -relative to me - large size traders-

For Example- GEO made a 100 share trade 2x in NVDA today for a 20 point gain- My math says that he netted $2k on those 2 trades-
I prefer him showing a chart without all the Fib and Fork projections- If it's simpler -and effective- use it-
This is a 2 Minute chart -
I'll have to copy this in 2 screenshots



When I review another trading approach- such as this well defined entry and exit points- I have to ask what would I do watching the exact same chart.
I notice that there were similar drops off of the Open and Price signals turned up @ 9:41- but no trade was shown there .Why not? it met the indicator signals.
Potentially it was not observed at that time- totally reasonable-
In this case- Notice that the green entry lines cross some different periods of multiple CCI- 10.20,30 - which one of these is the confirmation?

Note that All indicators Lag Price action- so the Turn- up or down - on the indicators - is preceded by Price making that higher move for an entry signal- and a lower Close for a downtrend signal.- If Price fails to Close higher, the upturning indicator on that time frame will flatten out or turn down.
Similarly, if price turns down- and it looks like a bearish downturn is underway- the indicator will follow and hook down- and -if Price makes an upturn during that 2 M period before the Close, .
The chart shows a yellow dashed line -1:45- and yet no trades were initiated on the preceding signal 6 minutes prior-- Potentially the trader was not being greedy- or saw the lower
low and the downtrend continuing.
Geo has recently shown some trades based on the work of Beast- who uses the Hook turn on the indicator as a potential entry signal .
The signals could be narrowed down-- fewer CCI for example- you only need the one that works effectively on that 2 M time frame-
The MACD @ 12-26-1 perhaps could be modified to 8-16-1 or 12-16-1 /
A number of variations in timing could potentially work- just as well-
Notice that some of the early hooks had a drop and then a fresh hook- Why was the 1st hook not serve as the entry signal?

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