Trader Call Recap
Today marks the first monthly trader call among Simpler traders, and I think a recap of that conversation may provide some good food for thought. Let’s start there and see where it may lead into next Wednesday.
Today marks the first monthly trader call among Simpler traders, and I think a recap of that conversation may provide some good food for thought. Let’s start there and see where it may lead into next Wednesday.
In this environment, if we change the time horizon, we can find more setups and more reliable follow-through. Here are examples of what I am doing.
ADBE was stuck in consolidation but is finally starting to look like it is going to break, in this case to the upside. In the video I walk through the charts, potential targets, and several trade ideas to consider.
This week’s plan is a lot like last week’s in that we still like the long side but yet again early this week find ourselves at the high of a move. Long story short, we wait for the retracement to add or engage with largely the same bias as recently discussed.