Knowing When to Trade Momo or Pullbacks?
We are waiting on a pullback in August as we have seen each month. So instead of picking a top, we look to two specific setups to trade the uptrends that are valid.
We are waiting on a pullback in August as we have seen each month. So instead of picking a top, we look to two specific setups to trade the uptrends that are valid.
As we continue with the focus on the long side and the first two hours of the day for daytrading, I explain why, and a couple of ways to understand how to optimize your daytrading. I also discuss what I am waiting for in crude, gold, and bonds.
We’ve got a lot of activity and positions on, let’s dive in.
This has now become pretty routine, and that’s been waiting for mid-week volatility in crude oil to the downside and get long at the correction lows. This week is little different because of the transition in the trend. Here’s the setup.
The long-only book continues to perform both intraday and end of day and I have no plans to change that anytime soon. So here is what is on my radar and how I am going to handle the accelerated gold daily chart.
I needed a couple new aggressive trades, and these two fit the bill perfectly. LAKE and HALO have my favorite pattern — a bullish momentum ticker with high short interest near the highs. This is how I’m trading them.
There are setups all over the place, and the market continues to roar higher. In this options traders playground, don’t forget to check your risk. Let’s talk about CHWY, PTON, TSLA, MSFT, AAPL, LAKE, HALO, and more…
There are two ways I measure whether I will buy a pullback: Volume and Volatility. Here’s how that looked on today’s low in gold.