> Very strong momentum higher >> Past two weeks have had 9/10 green days > Previous weekly value area: 57.75 - 58.75 w/ POC at 58.33 > Friday built a HVN above the weekly value area between 59.30 - 59.82. >> buying the lower end of this area early in the week could offer good r:r if the market doesn't get any real pullback. > If we do get a pullback, it will be...
QCOM still sitting in a HVN within the value area. My initial trade plan is still intact. Breaking out over the anchored VWAP would be an ideal scenario to reduce risk on the position.
TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others. It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into...
DIS gapped up on heavy volume over a significant level that it was bumping up against & has spent six days digesting these higher prices. I bought a half-sized position on Monday (12/21/20) when the market gapped lower due to a new COVID strain mutation in the U.K. I believe that the market is over COVID & has been for some time. Unless there is a negative...
Friday play off zones 1 or 2. Next week, pullbacks towards 111.50 can offer good rr
Will look for a retest of structure upon breach of range low. 2.5 rr
If equilibrium breaks to the downside, looking for a retest to enter a sell position for a 3:1 rr.
Chance to add to sell still in play. Could just see it melt down to next demand zone, too.
Looking to sell at 0.8880 down to around the 0.8500 area. Will hold past target if I can trail a tight stop to potentially run it down to 0.8400
Looking to add another half size to my open sell on this pair. 145.80 supply level. If I am stopped out on this attempt, my first position's stop is in profit to cover the loss. 6.5r on this position