Trader_Joe_Lee

Trader_Joe_Lee

EURUSD, actually all the non-USD currencies got hit after the FED annoucement, which may pretty much change the uptrend for them. While in terms of intra-day trade, there are still opportunities to take a shot for a short-term trade. Most of the time, inside bars are only applicable for trend continuation trade for me , while there are a few exceptions like a...

Trader_Joe_Lee Updated 

In terms of fundamental analysis , even the most junior finance department student will suggest to avoid CMG 0.80% stock as its crazy P/E and looks like such a falling knife. While higher risk makes higher return , and it did give a potential long opportunity. In weekly chart, right here is the 0.618 retracement of the rally from 2008, and a daily double bottom...

Trader_Joe_Lee Updated 

This trade looks so silly that suggests chasing GBPUSD after a 250pips rally. While in terms of inside bar after new high trade, the only indicator to define whether it's too extended to long is 8EMA, if the 8EMA is able to catch up the inside bar low, it's still not too crazy to trade! Again, I only want to long in such a uptrend, so I won't take the short if...

Trader_Joe_Lee Updated 

It's really tough for TEVA investors since 2016, everything seems so bad for this generic drugs giant. They finally got a new CEO and got good news from FDA, which enabled the stock price to bounce 20% in 2 days. Here we got this inside day after such a big movement, so the direction it broke becomes so important to the following sentiment on this name. Trading...

Trader_Joe_Lee Updated 

Gold price has rallied from 1200 to 1320 within 2 months, while at the same time there were a little different story in the gold miners. NEM showed the best relative strength to rally about 25% in the same time period ; GG was the lagger that only rose for less than 10%. I also expect there might be a little bit catch-up play among the gold miners. The North...

Trader_Joe_Lee

WB is definitely one of the most explosive stock this 2 years, rallied from 9.00 to more than 100.00 , and there are still people like me willing to chase it lol. For stocks like WB, fundamental analysis is not really very helpful as the stock price contains too many expectation and the P/E ratio is just crazy. While it doesn't mean chasing the price above...

Trader_Joe_Lee Updated 

USDJPY has a daily bearish bat pattern (not really a perfect one in terms of the parameter and the X point) It's a daily chart set-up but it's only 20-30 pips risk, and it's still too early to be optimistic on US dollar. Therefore, a bearish set-up to short USDJPY with reasonable risk provides great risk-reward ratio; while I still need a confirmaiton entry to...

Trader_Joe_Lee

DIS got hit on their 2017 earning forecast, which accelerates to finish this bullish bat pattern. DIS -TWTR deal is another huge factor to its stock price. Based on the chart, this bat suggests a 93 entry with a 89.80 out, reasonable risk. I'll be waiting for reversal sign there to look for potential long opportunity. *Educational use only

Trader_Joe_Lee

If I'm asked about what is the most interesting part for inside bar trade, my answer is "trailing". 1st kick is only for risk management purpose to make me able to deposit the risk to other trades, the outstanding risk-reward ratio is about the other half of the positions. The other half is very important so I need it to run as much as possible, so I NEVER put...

Trader_Joe_Lee Updated 

Last week I posted this inside week long for AUDUSD, although it almost stopped me out, it held and it was able to make new high to get my risk-reward stop. Today there is an inside day for AUDUSD, I DON'T recommend trading the long this time as it's not realistic to expect the 1:1 kick at a new high level, and there is a bearish bat ahead. Putting the out of...

Trader_Joe_Lee Updated 

Actually it could be a weekly bat pattern with weekly hammer combination, but I like this inside day a little more. 3D Systems got slumped after its poor 2Q result, and it consolidated for almost a month. It's a relatively higher risk trade as I am not really that bullish on its fundamentals,either; but as a harmonic patterns and price action believer, it's a...

Trader_Joe_Lee Updated 

Both of JNJ and MCD are stocks that I want to have in my retirement portfolio, they are typical stocks that worth the easiest buy and hold strategy. While it doesn't mean they are not tradable at all,since if I don't really want to risk 10-20% for a mid-term investment, I may turn to some tiny risk short-term trading opportunities. Here JNJ got a daily bat...

Trader_Joe_Lee Updated 

XOM keeps on diving after its poor 2nd quarter report, for those who have waited for a long time to buy this oil and dividend giant, I think this might be a good opportunity. Again, 74-75 will be the idea price for the Bat entry, and i believe there will be huge buy limit order size @ 75, so I'll also pay attention to any reversal sign there as a confirmation entry.

Trader_Joe_Lee Updated 

I'm a big fan of HearthStone and Warcraft III was my favorite game back to my senior high. That's not really important in terms of investment and trading, while it does create some preference bias for me lol. Yesterday the market was slumped almost 1%, stocks that are able to have an inside day showed great relative strength, as most stocks may break the...

Trader_Joe_Lee Updated 

NZDUSD has a bearish bat pattern and supply zone combination that indicates to short near 0.7200. It's 3 harmonic patterns in a row, but it's already the second touch of the supply zone. As always , I need a confirmation in 15/30 minute or hourly chart like to short: (1) inside bar breakdown (2) shooting star (3) double top

Trader_Joe_Lee Updated 

Many currency pairs including the Gold have inside weeks that broke to the upside (both EURUSD and XAUUSD inside week breakout were AWESOME!!). AUDUSD showed relative weakness among them but still able to break the inside week. Therefore I would like to play some catch-up with it to trade this inside week breakout to take part in the non-USD rally.

Trader_Joe_Lee Updated 

I posted this inside day trading plan on the Chinese version of tradingview on Wednesday. () The trade looks scary as it still suggest to buy at such a high level; while the idea of inside day after new high trade is all about trend continuation and momentum. If the momentum of the inside day breakout is able to take me to get my 1:1 1st kick, I create a FREE long...

Trader_Joe_Lee Updated 

AMD has a 0.618 retracement of it's previous 50% rally, and it's a potential double bottom here to be a potential reversal sign. I think it's a good shot to long if it can confirm the double bottom (breaks out 13.20 before breaks down 11.85) and I'll wait for the 2618 entry.