PSA: Having some issues with my posts not showing so had to republish this idea
Trade active
Morning!Casino will be open later
Still expecting lower from both GME and SPX today so lets see what happens
Would expect GME to bottom and start to turn first and then SPX
Anticipating GME starting to find that bottom today at some point with SPX coming later in the week
MOASS: 06/09 - 07/09
Trade closed: target reached
And thats a wrap!Well was anticipating we would move lower than we did today by price drifted higher
Liquidity gap in this general region is the reason..BUT you will most likely see what I was trying to explain about liquidity gaps in the weekend update by end of this week
This move up in either SPX or GME lacked the conviction I WOULD NEED TO SEE to turn immediately bullish
I of course could be wrong but Im just letting you know that without volume, breaks of significant structural highs I remain NUETRAL i.e. why I have buy orders BELOW the 01/21 low...that low is SIGNIFICANT TO THE STRUCTURE..
You'll see....
MOASS; 06/09 - 07/09
Note
Feel free to start the party without me after we bottom lolI trade fairly robotically and with a tight system so until I see certain things price is "still proving itself"
I'm fine with being a little late to the party if it means keeping risk minimized.
Its not about what you make..its about what you keep
Note
Oh for those who get a little trolly in my comments and on my livestreams :)I'm not going to ignore/block...i see it as an opportunity to help :)
But I do have one request: if you are going to tell me you disagree by being troll-like, I ask that you post your own public calls and any recent live ongoing trades (i.e. like my LPA post) for everyone. Because I have shown my planned buys, I plan to show them after I execute them at no matter what level I end up getting in, and I plan to show at least my % gained at the end.
And I'm going to do that for probably 10-15 other stocks when this is over
So as I told the warm and welcoming Reddit crowd over the weekend..I'm Different :)
(BTW-notice I didnt say "i'm better"..as I always say I can point to tons of people who do what I do better than me..happy to give you names)
Note
Pay attention to the dotted VPOCs and look at how they align with largest volume nodes on on the right hand sideES is going to need to muster some serious BUY volume to break that upper dotted VPOC
So the question is will that volume come in before it breaks the 01/27 low..if doesnt...watch out
Note
There is a MASSIVE amount of EXTERNAL LOCUS of CONTROL that I see around trading forums which IMHO is the problem.NO TRADER..should EVER rely on another person to tell them when/what to buy/sell. ANYTIME I see a trader say they followed someone and that person "caused them to lose money", I know instantly that is not an experienced trader. Experience tells you that YOU ARE RESPONSIBLE FOR YOUR OWN TRADING.
Which is EXACTLY why I always tell yall that I NEVER trust my analysis more than whats on the screen.
Price is KING regardless of what I post or say so if you feel price is telling YOU something different then by all means follow YOUR analysis...at the end of the day it doesnt matter if yours or my analysis was right. The question is HOW DID WE TRADE IT.
The second you decide to follow someones analysis and ACT on something THEY said YOU have now OWNED that analysis. And if it goes bad its not just the person you got the analysis from that was "wrong"- YOU are "wrong" too now because you have owned that advice.
Unless someone hacked your account and is placing buy/sells for you without your consent then the ONLY reason someone had a losing trade is because THEY THEMSELVES made a losing trade lol.
Fact of the matter is there are A LOT of people trading GME and markets who simply SHOULDNT BE.
MM's/Shorts know this and are making a killing on that inexperience. I mean just look at how many times people have gotten WRECKED on those near term 125c smh
MM's making a killing on premiums because people are trading on HOPIUM and everytime the price moves they think its MOASS.
This squeeze will go JUST like the last one:
A lot of people will trade on HOPIUM, try to time and trade the top (I gave you the exact date and the vast majority still wont be able to smh..I know my abilities and their limits so Im not even trying lol), get wrecked, and then scream "manipulation"..as if a lack of manipulation was going to make them a better trader.
Im going on this rant because WE ARE MOST LIKELY ABOUT TO START MOVING REALLY SOON
And when things get hectic I am going to be blocking silly non-sense on my streams and stuff because for those of us who are actually trying to improve our trading and actually want to maximize our gains on what may in fact end up being one of the most profitable and fascinating plays in market history...we have no time for silliness.
Its time to get serious people.
Note
Remember last week when I was talking about the "W" pattern..and I told you that pattern would top when the right side made it back to where the left side startedIf you were watching the stream today when I drew the solid green line (at the 27.65ish level on chart) I pointed to where that price action started as what was going to have to break for me to look higher
The reason for that is because I noticed that the pattern was a smaller version of the larger W we tracked and called on Friday (Price is fractal and smaller waves will mirror larger waves in within the same price action)
I knew right then that unless break that level and go..the same thing as happened on Friday is going to happen again.
Will it play out like I described? Who knows and frankly who cares
The question is, HOW AM I TRADING IT
Note
Morning!Casino will be open later
We should see price start to move now that the Fed meeting is over
The question is will we break higher or lower first...my bias is towards lower first but lets see what happens
Either way once we get moving I think price heads towards 70ish once GME bottoms
MOASS: 06/09 - 07/09
Note
And thats a wrap!Man the market must reeeaaallllyy care about apples results lol
Anyways we should see a lot more movement tomorrow as the we end this earnings week
Our patience is about to be rewarded as far as I can tell :)
BTW- things should be fairly volatile over the next week starting tomorrow so stay on your P's & Q's if you are trading in and out of GME/the market
Oh yeah if anyone is interested I've been doing an all day price watch on my livestream...just likeminded folks popping in and talking about the charts through out the day..no audio commentary though..just chat
MOASS: 06/09 -07/09
Note
BTW- what im really looking to see is if GME and SPX show correlation on whatever they do..Note
Morning!Casino will be open later
At this point we are waiting on one thing: VOLUME
Max pain at 27 is close enough that it matters this week so keep an eye on that level for any pushes lower
Ultimately, even if GME dips to the lower levels I have been pointing to, it will be a pretty brief visit
MOASS: 06/09 - 07/09
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.