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IWM trade ideas

that's what SL is for.recently russel broke the ceiling that was holding it for almost a year. now it would be interesting entering a long during the retest. placing the SL just bellow last low made the 27th of october. not because it's a safe trade but becasuse of the RR involved, since that the range has been broken, this leaves us with a proyection to the up side equivalent to the range it selve, wich is also the 1.6fib proyection of the recent impulse after the lst corrective phase. currently the price is sitting on the 50% retracement of the move done until now. on daily there are clear signs of a correction in act, volume is not as high as during the ceiling break and tho it made almost the sale movement. on 4htf stochastic is starting to cross to the upside, i find stochastic the best indicator to trade russel's mid high tf, since it's a "range indicator", and in a range is where rus has been for almost a year. on the 1H ft, there are divergences on stoch and rsi. this doesn't mean that the divergence can't follow forming. in the end, it's a nice RR trade of 4:1, in'm already booked in at the 50%fib, and if goes to 38% i will think about adding contracts, using the same sl. take in count that trading is not about having a 80% hit rate, that's impossible, and if some one says he does...well he was probably long during 2020/21. i mean, it doesn't surprise me that people will have had great RR these 2 years, but that shouldn't be taken as reference. the normal hit rate should be around 50% and risk managing like if your life depended on it makes your account grow steadily and constantly. use the power of a steady compound growth rather than a yolo and use SL, que pa' eso estàn Ramon
AMEX:IWMLong
by warrenbuffettdemicasa
3
Rolled: IWM December 23rd 258 Short Call* to 246... for an .82 credit. Comments: Rolled the short call aspect of my December 23rd short strangle to cut net delta in half. I originally opened this for 3.42 (See Post below) with a take profit target at 1.71, so am revising my take profit to 1.71 plus the credit received for the roll of .82 or 2.53. The net delta of this short strangle (short put + short call) still leans long. * -- Shown here at the 250 strike in order to fit it on the chart without squeezing.
AMEX:IWM
by NaughtyPines
(IWM) Longterm scenario #2(IWM) Longterm scenario #2- This is scenario #2 and the difference is that instead of us on the previous post heading into "Primary 5th wave" we have instead already had the completion of "Primary 1&2" around the (20% retracement zone "Which is the minimum in a Strong Bullish Market") and are heading to the common estimated (1.618 Fibonacci at $433) for "3rd wave primary". Now this is only if we are way too "Impulsive" to concur with our (1st longterm scenario) . The longterm time objective would be of (July 2022-November 2023). As always these are my opinions : ) If any questions you can ask in the comments below : ()
AMEX:IWMLong
by GioThaKingo
IWM 11/22 fell through the wedge/flag it was forming but more importantly Closed right at support. Going into Monday we really do not want to see a drop below 232 because that would signal that we're heading back to support #2 at around 229.. Noticable was the increasing volume of selling . Small caps, Cyclicals , and reopening took a hit last week. It started with a pullback that then increased with news of covid cases on the rise and foreign lock downs. Any news that negatively affects job outlooks will effect IWM first. The Dow Jones is near significant support and the Nasdaq is near significant resistance. we may see some rotation out of tech and back into small caps and and Cyclicals by late Monday or early Tuesday. If we close below 232 monday then we'll be headed back to 229. I'd we bounce at 232 I expect a rally up to that purple resistance i outlined which should be around 236.
AMEX:IWM
by ContraryTrader
20 year elliott wave analysis ($iwm)someone asked me this evening if i thought iwm was in a phase of distribution right now- so i decided to take a deep dive into the entire history of this chart, and here's what i've come up with. no, i do not think it is in a phase of distribution, instead it actually looks like a massive bull flag - in elliott wave theory terms, i'll call it a double or triple three - hard to say for now, since it is only halfway through this flat corrective phase. my low ball long term upside target for iwm is at $335, high ball would be $375 this is in confluence with my 12 year spy analysis, you can view it down below: ps. flat corrections can take a really long time to resolve, so i'd wait for a definitive break out, and a retest of the entire channel that it's in right now before attempting to play that upside swing.
AMEX:IWM
by notoriousbids
6