Bad and Good trade examles what went on in my head todayI describe some of my loses and bad trades today and point out a trade that made sense.04:44by carsonusa50
Pre defined levels Check the fib levels to line up with previous support and resistance tell me these were not pre orchestrated drops . Will long over 523.5 and short below by leosull28110
15 Minutes.AMEX:SPY Aug 6, 2024 15 Minutes. AMEX:SPY managed to hold above 505 yesterday. We take 3 numbers The fall 554.86 to 510.28 The fall 533.17 to 510.28 The fall 523.58 to 514.9 For the first fall AMEX:SPY made lL but oscillator also LL. Hence sell on rise probably until 538 is crossed. For the second fall AMEX:SPY even with gap doen yesterday AMEX:SPY managed to retrace 61.8% arounf 523.5 levels. Hence 510 should provide a good support today. For the third set from 523.58 to 514.90 a retracement to 521 levels will give a change to short as it is also 50 averages. On upside if 524 is crossed and we get a good close being near top of bar then 530-532 should be a target to aim as it will be approximately 100 200 averages number. So, for the day i will go long above 524 and short 521 levels. by RiderTrader0
$SPY #RisingWedge #BearFlag "That's Bidenomics! Puts!" #WarnedPretty clear flagpole + flag(rising wedge) = bearish technicals ALL OVER I think market is in for another shake up day like we've experienced the past 2 weeks... This rising wedge looks is present on most of the MAG7 at the moment... Warning Sent (Null and void if we continue up with strength and hold on the month 550+) No positions at the moment = waiting for market to confirm thesis... *Hearing Emergency rate cut if SP:SPX close below 5,350 on the month... Flagpoles leads/measure us right there = "decision spot" (Biden ClownWorld Upside-down USA) =) ProphShortby Prophecies_R_UsUpdated 151512
QQQ back in long term channel. What's next?After spending about a month above the long term blue channel since 2009 (excludes COVID bubble), QQQ is back inside the blue channel. You can see the gap up on June 12th and gap back down on July 24th. The black channel goes all the back to 2008 and the bottom of the market and includes the COVID bubble. The black mid-channel is currently acting as support. The AI rally starting in Jan 2023 has been confined to the purple channel. I see a couple of options for the next week or two. First, we could see a rally to test resistance of the purple channel. It is possible that we jump back above and the AI rally continues, but that fells unlikely. Second, it seems to me a bigger correction could be in store to break the purple channel support down to the red trend line. The core batch of tech earnings is up the next week or so, and that is going to have a lot to do with the direction. Weekly by Dr_RobotoUpdated 226
SPY Stock Chart Fibonacci Analysis 080524Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 510/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the Support D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61800
SPY breakout from consolidation - uptrend is not brokenSpy has now broken out of consolidation. I feel election year is gonna push this higher along with the economic downturn. Some will say economic downturn? How is that bullish. Its bullish because, the last thing America would want during an economic downturn is their stock market to collapse. They keep propping this up until the foreign money in the US market is at maximum levels. That when they'll dump. Once the foreign money is shaken out, they will resume uptrend. This is just my personal theory. Whichever way, the price action is bullish. Some will point at volume. Over the years, i have never found volume to be a reliable indicator. by BroketotheboneUpdated 494944
SPY: Final thoughtsFinal thoughts on SPY, well not necessarily thoughts but uh, final observations on SPY. I am leaving SPY alone for a while, taking a break and heading out on vacay. I'll be back in some weeks and we'll see where SPY is then. Thanks for watching, I appreciate all of everyone's support and follows. As always, take care and safe trades! Correction: At the end I said 420s, I meant 520s!!19:58by SteverstevesUpdated 414146
August 5th Trade Journaling.Lost $250 today. I go through some of my trades and walk through why they were bad or good trades. ALWAYS WATCH VOLUME. 03:49by carsonusa5221
QQQ Wave 3 of C min 423So good morning all .The spiral turn event 7/11/7/18 turn asi said could be my second pinned tweet . back in late june post . But what next is why your here . first the bullish case . from oct low 2022 cycle we have 5 waves up we should find great support at at 409.5 .382 and wave A of the abc decline was 50 point drop A x 1.618 = a target of 395 this is the worst case target . I lean towards Ax 1.382 in this count for the reason I can still count this as wave 4 . best of trades the WAVETIMER by wavetimerUpdated 3
TQQQ and Tech Stock Intraday SetupI noticed today that there was a solid intraday trade opportunity across many tech stocks. It had to be well-timed, but it wasn't insignificant. While the large sell-off in the news is true, the data was a bit lagged in terms of a "today" trading opportunity that presented itself this morning on AMZN, TSLA, TQQQ, and several others for at least 1-2% upside with a reasonable risk/reward of 1:2. I wonder if anyone other than myself took advantage of this setup today?Longby XchangeSignals0
WGO leads S&PWGO leads S&P it crashed way priorto spy follow the trend its your friendby dsorchestra900
S&P weekly consolidation in progress; bears prove controlLast week was marked by hectic price action in both directions. Bulls failed to set a daily low for two consecutive days (Monday-Tuesday), which logically led to a strong bearish attack. Then something peculiar happened – the price pivoted near the previous low and went up during the overnight session. The market opened with a huge gap on Wednesday, held the open, and even managed to rally further in the regular session. I can only imagine how many short traders, who had done everything right, suffered from this. This price action also confused many long traders, including myself, by making us believe that the weekly consolidation was coming to an end. But Thursday turned the board 180 degrees again with a psychotic bearish move, wiping out more than 2% of the market value. Again, as with the bullish rally, there was no obvious trigger unless you believe that PMI data could wield such importance. At this point, we have the following disposition: 1. The market is still in a weekly uptrend. Until sellers take down the previous major low (491), nothing changes in this regard. 2. Bears have proved strong control over the weekly timeframe. We should respect this. 3. Bears were also able to start monthly consolidation, another sign of their strength. All in all, I wouldn’t consider any long-term “buys” until bulls manage to set a convincing weekly low, even then with caution. Shorting is an option but is very tricky in light of what happened last week. Disclaimer I don't give trading or investing advice, just sharing my thoughts. Shortby hermes_trismeUpdated 3
QQQ: It has reached an inflection point - D & W chart analysis.On the daily chart, a series of gaps show intense selling pressure. The downward trajectory and the pattern of lower highs/lows suggests sustained bearish sentiment. However, a significant gap was closed recently, at 487.21, followed by a slight bullish reaction indicating some buying interest at lower levels. The problem is that the trend is still bearish, as the price is still below the 21-day EMA, and we don't see any bullish chart structure yet (aka higher highs/lows). Therefore, any rally could be a Dead Cat Bounce, if the QQQ fails to break its resistance level at the 21 ema on the daily chart. Switching to the weekly chart, the emergence of an evening star pattern—a strong bearish reversal indicator—highlights a potential trend shift after making a record high. This pattern typically signals the exhaustion of a bullish trend and the commencement of bearish momentum. Following this pattern, a considerable pullback occurred, moving the price back below the 21-week EMA, which shows a lot of weakness. These charts suggest caution. The bearish indicators recommend preparing for potential further downsides if the gap support at 427.81 fails to provide the necessary support. Its next support is at 413.07. But, if the QQQ confirms a bottom signal above this support level, it could trigger a rally to itts 21 ema on the daily chart, and then we'll see how to proceed. Today's reaction is interesting. Let's follow the QQQ closely. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.by Nathan_Black2211
Potential Entry PointsHistory has a way of repeating itself and I think it could again.... Execute the planby Kroxboy1
SPX: Market at Risk of Major Correction RSI divergence is one of the strongest indicators that has shown the bring major corrections to S&P500 historically. We are now observing the formation of a near decade long RSI divergence which could put the entire market at extreme risk of 20% correction to 50% crash. If July closes with a shooting star pattern, we should continue to slide down till RSI rest near 20's for the next couple of years. Shortby MarkitMavenUpdated 585844
SPY Monthly Megaphones - Longer term SP500 buying planTLDR: Flat on stocks, waiting for very deep discounts several years in the future Details: Expecting it to make another megaphone shape similar to the one it made from 2017 to 2020. The idea is it will hunt for liquidity under the 350 swing. This means to watch for a buying zone in the region of 372 to 290 from around July 2025 to May 2026. This zone also lines up with the lines of several long term pitchforks and gives exit targets along those forks' medians. Reasons to expect so much bearishness include: Nancy Pelosi, Buffet selling at the top Intel CEO praying on twitter Unrest in UK Tensions/war in Gaza, Ukraine, Iran Kramer saying it's not the end of the world If those situations resolve then it may not need to hunt deeply below 350 and in fact the 400 price zone may be a better re-entry spot. But if the overall macro news stories continue to be saturated with uncertainty then it's much better to wait for deeply discounted prices rather than catch a falling knife.by mljones331
TLT LONG SETUPWatching this red box area as highlighted on chart, if TLT starts to trade above this area again this sets up a beautiful failed breakdown setup for a move into 94, 100 and then 105-114. Need to clear 90 for the pattern to trigger/activate and then we go from there.Longby Jovan888Updated 4412
Timing & dowsing pick USO longI'm getting via my dowsing work to watch for a spike down and reversal up. I still have a target from a reading last week or so around $69-70 and tomorrow is a calendar date. Often these dates warn of a kind of reversal. I got 9.8 as a percentage up from current levels, but I'd be aware of where 9.8% up lands from whatever low is made just in case it's off. This all could potentially occur this week because I got the answer that the high is "for the week", but I wouldn't rely on this at all. Just noting it for journaling.Longby JenRz1
SPY BEARISH SEASONALITYThe SP500 Index, and specifically the SPY ETF, has been mostly bearish in the past 96 years during the period from August 2nd to September 30th.If we perform the same analysis on seasonality over a shorter time period (e.g., 10 or 25 years), the statistics don't change much. Seasonality is not favorable, and this year, due to the relentless and unstoppable rises since October '23 and a concurrently unstable geopolitical situation, I would suggest postponing any averaging or purchase of shares for an accumulation plan in this instrument until mid-October. We might see a reduction in volatility, but a return of the index to new highs seems unlikely. Whatever you do, please be cautious with money management and avoid blindly following the dangerous 'Buy the Dip' strategy. Thank you.Shortby NewHOrizons12
QQQ - NVDA - AMZN - Closed Trades Take the Money and RunI am officially flat now in my trading account locking in the profits and selling my QQQ Short Put for a loss, but overall it was a win. I also closed out NVDA and AMZN Puts as well for a small profit. All in all around a 10k realized gains, will put the actual numbers together later, but wanted to get my closing out my trades here. I am looking for some sign that the selloff is over and right now it is weak going into the close so best to just take our money off the table and wait for better setups. by goldbug15517
8-5-24 Developing Pinescript Tools For TradersPart of my learning process with TradingView has been to delve a bit into Pinescript. I've been programming for a while now - more than 20 years. But I focus on developing modeling systems, adaptive AI types of solutions, and fully automated trading systems for clients. Pinescript has been fun. Overall, I believe there are many advanced capabilities achievable in Pinescript as long as one sticks to simple principles. _ a focus on core elements as separate script components _ remember to clean/document up your processes/arrays as you go _ develop core logic functions first, then go back and address display features _ remember to organize your code in a way you can clearly address version changes In this example, I started with the idea of building a tool based on Fibonacci Price Theory, then came up with an idea to measure price pressure differently than others had done. Once I started playing with the display features (plot) I was able to see how my initial scripts worked and how the calculated data represents price trends/changes. For me, seeing is the biggest part of the process. If I can't see how the data looks - then it is almost unusable for me to build more advanced logical features. That's why I suggest building each component of your system out as unique indicators. I want to see the data/indicator work before I try to build some additional trading logic with it. Overall, I'm very happy with what I've built. It has taken me about 2 weeks to build all of this (only really applying a few hours every other day or so). One last thing, use the newbar feature to control persistent variable features. Otherwise, you may end up creating something that processes every tick. More soon. #toolsfortraders #trading #spy #qqq #btcusd #strategy #systems #codingEducation17:05by BradMatheny111
GDLC - DailyThis is a daily timeframe view with monthly and yearly TA. Green = year redish = monthly grey = weekly I just saw a post for GDLC by gdlc appear on my timeline and thought, really? do they need money? Price just broke trend. If you understand the concept of Master / Controller of the charts. If the Master switched and controller is now the support levels holding price up to the master resistance trend then the Dead cat could bounce awhile. If not and this weekly trend can cycle another time, it could hold to equal highs. Lets see if they're social strategy works on x or not hahaby StudyGuideTA1