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Highvolumearea

CHEF rises in price and volume for earnings LONGChef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume area of the profile for much of February but on Thursday the 8th re-entered it and pass through it and breaking above it all in the same day. This is a rather explosive reversal pattern. Price has maintain itself above the area in the past two trading session. The past week saw more than a 6% rise for CHEF. This trade is best suited for investors, patient swing traders or those trading options. This is not an intraday stock trade.
NASDAQ:CHEFLong
by AwesomeAvani
SMA- earnings play- a beat with a drop for a pop LONGSMA reported today with about a 2% drop - while traders responded with a 8% drop. Everybody especially auto mechanics love their stuff. So were they looking for more? It is hard to say. Idea is on the chart. I am looking for a recovery in a reversion to the mean. It looks like it's underway. For those familiar with volume profile analysis and trading the best buy short was upon the drop out of the high volume area ( lower zagged blue line at 9:45 AM EST) and the best exit was the transient cross over and above the Hull 35 moving average at 12:15. This would have been a monster trade of about 600% if the strike 280 expiring 2/16 was taken about 9:45 AM and closed at 12:!5 PM; the price of about $150 for the single contract would have yielded $1300 and netted $1150 for those 2.5 hours for an hourly rate of over $400. Enough said about the short, this idea is about the backside. The stock shares trade is what is is. The options trade in my opinion only is a call contract striking $ 270 just under the 0.5 fib retracement is currently priced at about $530. If price gets above $270 or even gets over the $280 fib level line in the next week, the return again would be 300-600%. I am taking this call options trade, I will enter on a pivot low of the day on the share price chart. I'll set a stop loss of 20% meaning about $100 is at risk. 3X the premium is about $ 1600 so the reward to risk is 16. Managing with TradingViews handy alerts on the stock chart for moving average inflections and cross-overs as well as MACD line and signal intersections should take about one hour of combined time in a week. I consider the potential gain to be excellent for the anticipated expense of time.
NYSE:SNALong
by AwesomeAvani
TSLA Short / Put Options Recap Volume Profile Strategy SHORTTSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray fundamental related news, TSLA was watched for a short entry in consideration of the antics of its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China and China's recession I opted to look for a short entry. Analysis, trade entry and trade management and trade close are on the chart in a text box. This idea and recap of TSLA short shows the utility of volume profile analysis in making a very profitable short trade on TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also makes possible very profitable options trades with near-term expirations to optimize the value of thorough analysis before the trade combined with a tight entry and good follow through to make for high profit with less risk. Using TVs alerts and notifications this trade was managed with little screen time making for a high profit yield per hour of effort. Rinse and repeat as they say.....
NASDAQ:TSLALong
by AwesomeAvani
1
USO ( Oil Futures ETF) Swing Trade Review LONGThe idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The China recession is a drag on oil prices as is Russian sales below market but no matter the shipping costs have gone up and so also the price of what is being shipped. The 30-minute chart shows the trades based on the premise of a volume profile with the evolving high volume area between the blue lines and price simply a black line. As the price is supported by the lower black line and resisted by the upper black line and the price is expected to rise, the trade plan was to "buy low" when the price dropped to the lower black line with two lots of shares. When the price rose to the upper black line sell one of those lots and run the other to gradually acquire more shares and average up. A high-volume area breakout 3 days ago was also used as a buy signal. As of the present, the trade is carrying five lots of 10 shares each. Profit has been pulled out in partials each time a lot has been sold at a red down arrow. The trade close signal will be from the RSI indicator when the fast RSI line in green goes under the slower red RSI line. Upon closure, the profits will be redeployed by shorting USO using a similar strategy: short selling at the top of the high volume area two lots of shares and buying to cover one lot at the bottom of the high-volume area. Although this trade is a slow-moving swing trade used for disciplined and deliberate trading, it is very low risk with moderate profit and for the most part is risk-free because the entry points are relatively precise especially if using a shorter time frame than the 30 minutes here.
AMEX:USOLong
by AwesomeAvani
1
QQQ Simple uncovered Call Option Example Here QQQ is shown on a 15-minute NASDAQ:QQQ chart. I have set up and executed a call option on QQQ. This is a recap. The first thing is to plan for the entry area. To do this I set a fixed range for the volume profile for a couple of days before the trade. Since the trade was on Friday, December 1st, the volume profile began on Wednesday the 29th of November. While the volume profile may seem complex to look at, I only paid attention to three values- the POC line representing the price value of the highest amount of trades ( black line) the lower value of the high volume area ( green line) and the highest value of the high volume area ( red line). The thesis is that if a trade is taken at the green line with other confirmatory indications such as the fast hull moving average reversing from a downtrend and the RSI testing the oversold area, that bullish momentum will push the price to the POC line and perhaps higher if selling pressure from bear trades do not grow to meet that challenge. The target is the upper line of the boundary of the volume area while the strike price is the value closest to the POC line. In this example, the strike price was 390 and the trade was for 10 call options for $ 0.49 each for a total trade cost of $490. Although the calls expire on Monday December 4th, the trade was closed when stock price hit the target. The total trade duration was about 2 hours and 10 minutes. The close had an option price of $1.86 yielding $1860 from the inital $490 placed in the trade. The net profit of $ 1370 represents about $ 450 per hour for the time expended. The risk with a 20% stop loss is about $100 which is 1% of a $10,000 account. This is a very simple strategy that can be rinsed and repeated. It can be done with same day approach or a longer expiration like 5-10 days depending on a trader's appetite for reward relative to risk, time decay and uncertainties in the market relative to time.
NASDAQ:QQQLong
by AwesomeAvani