Trading the Strat - 4/24 ADAUSDTPERP 2-2 Reversal (Long)I will be publishing trades that I am currently in, or that I will be taking . I trade using "the Strat" trading strategy that was invented by Rob Smith, so if you want to see how we trade feel free to follow. The reason I am doing this is to document my trades, see which ones worked out, and come back to them later to figure out how to improve
I entered this trade on the daily trigger. We had the the hammer on the previous candle giving us an actionable signal once our current candle broke the top wick. We also see full time frame continuity on the 15 min, 1-hr, 4-hr, and daily. This is what a high probability set-up looks like using the strat. Note that the series of lower lows on the daily gives us a pivot machine gun. We anticipate stopping out players at these pivot points further accelerating price action upwards, taking profit once we hit the end of these series of pivots
Thestrat
RAD 2-1-2 Reversal #TheStratTechnical confirmation: Looking for a reversal on RAD at the support level here. Will not enter this trade until the reversal is confirmed with a break above the high of Fridays bar.
Trade execution: Will look for a 15.50 CSP - Provides extra room for error
TEVA - 10 or 9.50 CSP - #TheStratTeva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2.
Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached.
Trade Execution: 10 or 9.50 CSP. Provides additional room for error if reversal does not hold. Timeframe will be 1-2 weeks DTE
PZZA Swing Trade Long - Attempting to Expand Current RangeNASDAQ:PZZA took the 10day outside-inside-up (the 3-1-2 Chicago #TheStrat) showing it's attempting to expand the range.
Been stuck there awhile.
Time to squeeze the shorts and take it back to the triple digits.
Entry was $83.65 (10day up)
Stop $71.61 (could be managed tighter at $83.16 or trailing with a PSAR on a suitable timeframe but letting this swing with smaller position)
Target $102.25+
SASOL - Inside Bar #theStrat- Sasol formed an inside bar (#1) for the week past.
- A break above R135.43 will target R146 which is the high of the "mother bar" or previous candle.
- Below R130 could signal a pullback towards the lows of the week
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
AMZN-Forming the right hand side of the chart-MTF analysisTomorrow if AMZN breaks today’s inside candle to the downside and closes below 3173, that would create a compound 2 down taking out the previous inside day to the downside. This could in turn create a compound 3 down on the weekly if it continues down next week and takes out 3064.55. Then we possibly trigger the monthly which is a 1 down doji now, to possibly go 2 down next week and take out last months lows at 2948. Let see what she does. There is a lot of month left. But if you are able to form the right hand side of the chart in your mind ahead of time, this is an edge and where big money can be made especially on the longer TF.