I love reaction trades, especially during earnings season. Earnings in heavily weighted names trigger nearly a sure-fire volatility move. And when you know how to project those ranges from the volatility, you can find entries like today in the NQ futures.
Today’s reaction to the weakness FB triggered and the anticipation of AMZN earnings offered some excellent volatility that we covered live…3 for 4 on setups by 10:30 AM and 3 for 3 on the triggers. I love days like that, and in this video, I walk you through some of the finer points including how to use Propulsion Dots to take momentum entries.
I’m generally focused on trading with the trend, but tonight we review one chart that I’m willing to step in against then another where I am going with the flow, and looking for one more pop higher before earnings.
Warning signs, earnings trades, swing setups and potential pins. We’re looking at a bit of all of it tonight’s video review.
This is a textbook example: Using historical, repeating price movement ranges to enter trades … in this case, trading the close in the Russell 2000. This is how I set up a buy into the final hour of the day. This is a strategy you can put to use tomorrow!
Here’s where some nice buys are setting up and why keeping a bias keeps you from being shaken out of great moves.
In this video, I talked about the massive short covering rally today and why it happened. I talked about FB earnings after hours and how this may spook the market tomorrow.