krugman87

krugman87

**Market Structure** *Market has been making higher highs *Large rejection off of the key support zone of $67 - $66.40 *Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar **Trading Ideas** *Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80) ...

09:22

krugman87

In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...

krugman87 Updated 

1)Market is in an uptrend 2)Market has pulled back 3)Market has thrown a bullish buy signal for near term support level As shown above, the market has provided the 3 key components for getting directional. This could provide a good risk/reward setup to get long.

krugman87 Updated 

There is call skew in TSLA right now which makes call selling more profitable than put selling. I am going to take advantage of the high IV and the call skew by selling premium on the call side. In addition there are 2 long tailed bearish candles, one of them being a bearish pinbar, which could signal weakness in the short term. Keep in mind these bearish...

krugman87 Updated 

The day after earning I sold 160 strike naked puts for $2.74 credit each. These options have a 30 delta at the time. This is a neutral to bullish strategy. The idea behind this trade is a contrarian play into high implied volatility. The idea being that after such a massive selloff the bears will exhaust soon and we will see a pop in price and volatility will...

krugman87 Updated 

There is no real clear price action direction, this chart has even room to run in both directions, and the 'IVR is high which makes it a good candidate for a short premium trade. I am selling a straddle as I can collect 10% of the underlying in premium in just 46 days.

09:50

krugman87 Updated 

This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...

09:47

krugman87

A bullish pinbar formed yesterday in the daily candlestick chart. This pinbar occurred from a small pullback, off of near term support. Bullish pinbars are patterns that show a false break lower, where there are now traders to went short as it dropped, but when price got pulled back up those traders are now trapped in losing positions. This signals a market...

krugman87 Updated 

A bullish pennant forming with a potential for a large breakout to the upside. See chart for pattern and price targets.

krugman87 Updated 

Selling premium into large selloff using naked puts. Sold the 30 strike put for .96, 33 delta, 50 DTE. This stock is 30% off from its high and pretty beat up. Hoping for a price pop from major support.

krugman87 Updated 

Overnight the NASDAQ futures formed an inverse head and shoulders pattern following Trumps tariff threats. This pattern is showing that buying has quickly entered back into the market and we may see a large short squeeze with a quick pop in price. The price target based on the pattern and overhead resistance is around 7430. As with all patterns nothing is...

krugman87 Updated 

**Market Structure** -A falling wedge has broken -Due to the price rise going into the wedge as well as the downward sloping nature of this wedge, that gives is a solidly bullish bias -The overall markets have been bullish and we could see the tide lifting all ships higher **Trading Tips** -A bearish pinbar has formed on the daily so we may see...

krugman87 Updated 

A major sell signal is potentially forming in the EURUSD -0.02% . A large bearish pennant has formed and a bearish pinbar is currently forming off of the top of this pattern. The pennant pattern is giving us our bias and the candlestick pattern is giving us our entry signal. If the daily candle closes bearishly then this could be a tradeable setup. I will update...

krugman87 Updated 

This morning I sold 160 strike naked puts for $1.06 credit each. These options have a 30 delta at the time. This is a neutral to bullish strategy. The idea behind this trade is a contrarian play into high implied volatility . The idea being that after such a massive selloff the bears will exhaust soon and we will see a pop in price and volatility will come out of...

10:00

krugman87 Updated 

This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below. **Current Market Structure** -Long term bullish trend -Price has stayed within bullish channel -Large bullish weekly candle from pullback off of key...

krugman87 Updated 

My accurate bearish call from last month played out nicely as price broke out of the pennant pattern and proceeded to drop to our first price target of $6,000. Price has since popped back up to retest the bottom of the pennant. This is the moment of truth for bitcoin on whether it can reverse it long term bearish slide or whether it will continue to drop and...

krugman87

QQQ has been looking stretched as of recently which is being emphasized by the fact that it hasn't been able to push higher in the past few trading sessions. Any move lower could put a quick squeeze on retail long traders and quickly push price back down to the 171-170 region. If this happens I am looking to be a buyer on that weakness as the short/medium/long...

07:58

krugman87 Updated 

Price has sold off hard from the bearish price action analysis I did last week (those will be linked to this post). As I pointed out in my analysis last week, the bearish price action offers an opportunity to get short and once price drops to the 1215-1205 range we can switch from a short position to a neutral/short to then profit from the high implied...