Mar/2023 Plan for $SOXLGT ($8.77) - VTN ($12.5) - Fibo ($12.45)
Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money.
Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option.
Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income from the stock value and dividend income.
Plan D: Only sell my SOXL at $19.00 for 55% capital gain from $12.00. Or I will continue to do Plan C to earn 4-5% monthly premium income from the stock value and dividend income.
Price-action
SELL ON BTCUSD PART 2 - ANOTHER ENTRYlooks like BTC is melting temporarily. it broke structure, showed signs of correction & now we should see a continuation to the downside. SHORT sell entry. after it hits our tp then we can probably see if it will BUY or continue down & if so, we'll analyze some more for an entry.
GBPJPY BUY SETUP FINALLY ARRIVEDvia previous previous idea. we've been waiting for this setup! patience will pay off! lets wait for a bullish rejection candle off of the 50% or 61%. which ever works in our favor, we will take it! if we can catch a bullish rejection & a engulfing on the 30 timeframe, that would be perfect. if it respects the 50% place your SL below the 61% & if it goes down to the 61% then you would need to place the SL 30-50 pips below that level.
NEW IDEA for AUDNZDwaiting for either a rejection of this level or break through to the down side & retest for continuation to the down side. I see more of a long position for this pair but we never know until price fully confirms through price action. patience is always a virtue. never rush a trade! follow for more updates.
IDEA FOR GBPJPYafter some possible sell confirmations, I may hop in for a SELL down to my potential BUY areas. ultimately GJ is on a up trend, so we're favoring BUYS for LONDON session. with patience will come good profits. we will wait for good bullish rejection candles in the golden areas of the fib via 50%,61%. Ideal setup would be a bullish rejection & a bullish engulfing candle. we will see ultimately when that time comes.
TommyXAU Educational - What i mean by clean rangeGood afternoon gold gang, hope you're having a good weekend.
I thought id hop on to share with you a piece of information of what i mean by clean range. Ok ..
Say you have 2 key levels in price .. we have had a big news event causing a big red candle to the left hand side. This has left what is called an imbalance. An imbalance is where the wicks of the previous and after candle don't meet. Backtest that one yourself and see how many times these imbalances get filled.
Price is coming back up and closes above the key level .. it is now a high probability that price will come up and fill that imbalance and the clean range.
I call it clean as there is no traffic or hurdles that should stop price on its way up. Again, adding to the probability.
Simple as that really guys ..
Please leave a like if it was of any help to you and ill see you this evening for market open!
TommyXAU
How it played out.... GJ TRADE.Right now I am up 3K with this trade alone. If you check out my previous idea, you would see that it played out perfectly. Along with my EURAUD & XAUUSD trade idea. Follow me for more ideas using price action. I will be sending day trades & also some good swings. GJ,EA,GOLD & US30.
Beautiful SELL setup for NY sessionlooking to close out the month strong with this possible SELL setup. the chart describes my idea for NY session trade. with patience, this trade should play out beautiful