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Reversing PAYS OFF!! - 05/01/20 RECAPHi traders, The other day I posted a reverse entry which happened to be a loser as well, but I told you it typically pays off. On Friday I got to prove it when WDC didn't react the way I planned and that got me thinking if the other direction wasn't a better idea... and it was! The Trades: 1) WDC - SHORT @38.73 - terrible fill at the break of 39, in hindsight I should've at least reduced the position right away to compensate. -0.96% 2) MRNA - LONG @49.58 - good break of a strong stock, it went some 60c in the money but then collapsed. With different risk management style it would pay off, but that's just my choice and I'm not upset at all. -0.93% 3) WDC - LONG @39.85 - and finally my reverse play that didn't deliver as much as I hoped for, but still proved to be the correct way to think about the stock. +1.2% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -0.69% Total PnL for the week: +0.40% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
I Could Have Been Green - But At What Risk? - 04/29/20 RECAPHi traders, A slightly negative day on Wednesday which could've been a winner had I held one of my Long trades for long enough. In the video you'll find my reasoning why I left early though and statistically, this was the right decision. Focus on the long run, not on the flashy bragging rights! The Trades: 1) HAL - LONG @10.32, exited earlier as the stock didn't react at all to uptrending market. +1.06% 2) SIX - LONG @21.09, beautiful triangle breakout was immediately stopped and turned. My idea was to reverse the position which I did. -1% 3) SIX - SHORT @20.52, reverse trade that typically works in failed breakouts higher like this. However, today it did not. -1% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -0.94% Total PnL for the week: -0.05% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
BORING But According To Plan - DT RECAP 04/23/20 (& Today's WL)Hi traders, Thursday was really boring for me since I'm still on my "recovery" plan I discussed in yesterday's recap. So I only trade the best shots and try to stay green at the end of each day albeit very little. Thursday could be a prime example of this approach. Just one, slow-moving trade that I had to get early from due to massive SPY spike down. Half a percent, but still up! Just one lonely trade: 1) NYSE:HAL - LONG @8.68, it lost steam and I exited prematurely when SPY dropped 4 points. +0.5% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +0.5% Total PnL for the week: +2.94% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
1
Marrying the Trade is BAD :( - Daytrading RECAP 04/15/20Hi traders, It looks like I celebrated too early! Not being able to short ICD and one mistake put me back into negative for the week. But that's life! *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* Three trades today: 1) DAL - LONG half position @25.23, aerolines crumbled from that point on. -0.41% 2) IVZ - LONG @9.09, eventually followed the market down. -0.85% 3) OXY - SHORT @13.34, it fought HARD but didn't make it to my full target and I was too stubborn to close it. -0.93% How you guys did today? Total PnL for the day: -2.19% Total PnL for the week: -1.33% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* I switched to video recaps so you can see the charts in greater detail. Let me know if you like it! Four trades today: 1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1% 2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1% 3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%! 4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1% Total PnL for the day: +1.6% Total PnL for the week: +2.05% In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside. Mistakes are great teachers for your trading, learn to accept them and work with them! Good trades and let me know how your Wednesday trading went! Tom from FINEIGHT
NYSE:PINS
by Fineight
1
Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.* I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine! Two trades today: 1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money) 2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks. This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go! Last week I ended with +8% so let's see. Fingers crossed ;) How was your Tuesday? Did you beat me? Good trades, Tom from FINEIGHT
AMEX:SPYLong
by Fineight
2
Gold Long Update 10/02/19aboveThis trade appeared to work out perfectly. Painted a picture perfect bull flag, in addition to rejecting a specific level around 1475 on the low end, and 1478 on the high end of the level. The smma crossed north through and fanned out in a bullish manner. My entry was based off of the retrace of the bull flag, in addition to price closing above the cold smma. One particular reason I chose that level for rejection or acceptance was a combination of two different things that are confluent with each other. The first being the whip saw candle that painted itself at 14:15 UTC on OCT 1st, 2019. That particular candle seemed to be either a resistance or support flipping point, and in this particular case, it acted as a support. In addition to that candle, when I highlighted its upper and lower bounds, I actually noticed that I lined up with two low volume nodes on the volume profile that, in my opinion, coincide with the junction or separation point of the two levels. The levels below (around 1475-1462), and the levels above (around 1478-1489). In this particular case, I was expecting a small pull back in price before it continued further up in price.
OANDA:XAUUSDLong
by BitkoinKing
Economic News for the week of August 24thNew format figured i would split up the economic news from stocks news into two charts. Will post economic news on the EURUSD charts while stock news on the SPY charts. This is in order to cut down on space used up in the charts. www.cnbc.com www.telegraph.co.uk seekingalpha.com www.reuters.com www.reuters.com www.wsj.com www.cnbc.com www.reuters.com seekingalpha.com seekingalpha.com www.irishtimes.com seekingalpha.com www.nytimes.com www.census.gov
by schmidtke_jake
AUDUSD Recap (Recap)AUDUSD we saw the price rally to the upside as predicted last week and gaves us nice pips. Now the price reached 61.8 fib level and broke it and heading to the 78.6, the price still bullish but we will see how the price handles that level, still the price could head to 0.81000. Tenemos AUDUSD una buena corrida a la alza, he puesto el fibonacci de retroceso para ver donde el precio se puede comportar. el precio subio paso nivel 61.8% proximo nivel a llegar es 78.6 vemos si el precio respeta ese nivel, igual la tendencia de ese par es alcista desde antes asi que estamos viendo una extension del precio, puede hasta llegar a 0.81000
Long
by BelieveFx