Short

DayTrade/Overnight. AMD potential resistance @ 1D TL & supply 5m

By kingdips

Updated

AMD approaching supply on the 5/15 min chart:

AMD approaching TL rejection/ resistance on the 1D chart:

I need another confirmation and I will enter.

Note

Took my +20%. I have a rule if I get +20% same hour I sell no matter what.

I will track it to see if it was a longer-term good trade and refine my strategy.

Note

Update:

Ripping now! It's up +45%

Trade closed: target reached

This was a daytrade yesterday. Didn't realize left it open. Nice nonetheless!

Note

The overnight aspect also worked. The puts are up +100%. The trendline resistance on the daily was strong enough to push it down almost 2%.

Trade active

You can see how this trade transpired. Called the exact top on AMD @ 108.52. These trendline rejections can be very profitable.

kingdips

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by kingdips

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