ridethemwaves

ridethemwaves

Directional Bias: Long Price Target: 22.5+ Good Entry: 19.5-20.3 Risk/Reward: Max Risk of 50 cents/Potential Reward of 2-3 dollars A daily close below 19.3 invalidates the trade idea.

ridethemwaves

Directional Bias: Long Price Target: 7140-7160 Good Entry: 6840-6860 Risk/Reward: Max Risk of 30 points/Potential Reward of 250-300 points Trade invalidates on a close below 6825 on the hourly candles.

ridethemwaves

Directional Bias: Long Price Target: 2770 Good Entry: 2695-2705 Risk/Reward: Max Risk of 10 points/Potential Reward of 60-70 points

ridethemwaves

Directional Bias: Long Price Target: 37-38 Good Entry: 34.3-35 Risk/Reward: Max Risk of $1 (trade idea invalidated below 34.3 15 min candle close)/ Potential Reward of $3+

ridethemwaves

Directional Bias: Long Price Target: 25300+ Good Entry: 24500-24600 Risk/Reward: Max Risk of 125 Points, Potential Reward of 700-800 points

ridethemwaves

Directional Bias: Long Price Target: 3.3+ Good Entry: 3.065-3.115 Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.

ridethemwaves

Previous Oil long idea did not end up reaching the target - let's try again. Along with my SPY trade idea, I believe oil is due for a nice rally, even if in a counter trend capacity. Directional Bias: Long Price Target: 72 Good Entry: Breakout Above 68.5 or another retest of low 66 area. Risk/Reward: Risk no more than 100 ticks/ 300-600 tick potential reward

ridethemwaves

Directional Bias: Long Price Target: 2740-2750 Good Entry: 2600/2620 per scenario 1 / 2640-2650 per scenario 2 Risk/Reward: Max Risk of 20 points/Potential Reward of 100 points

ridethemwaves Updated 

Directional Bias: Long Price Target: 72.5 Good Entry: 69.00-69.35 area Risk/Reward: Risk of 50 ticks max on this/250 tick reward Below 68.5, trade invalidates. Let's long this above 50 ma on 15 min charts (red line on charts).

ridethemwaves

With Nasdaq Futures seeing high volatility in a bearish trend, there are 2 levels that I like for a trade with the thesis that as long as we are below 7210, we are going to test the 6900 lows. Trade Setup 1: I think a retest of the lows would be a successful and see at least a 100 point bounce. Directional Bias: Long Price Target: 7100 Good Entry:...

ridethemwaves

Directional Bias: Long Price Target: 62 Good Entry: 54-56 Risk/Reward: $2 max risk/$7+ reward Bill Ackman on the comeback grind coupled with good technicals/price action. The daily 50 sma is providing rising support currently above 55. Trade Valid as long as 54 holds.

ridethemwaves

Directional Bias: Long Price Target: 175 Good Entry: 153-155 area - trade thesis invalidated on a daily close below 151.5 Risk/Reward: $3.5 dollar max loss/20 dollar reward

ridethemwaves

Well - volatility has been crazy but the bulls are coming back as strong as the bears were last week. The 7320 target reached and has even been exceeded. Here is a price action scenario I can see occuring and would be looking for the following trade setup: Directional Bias: Long Price Target: 7420 Good Entry: 7200-7220 Risk/Reward: 30 points max risk (below...

ridethemwaves Updated 

2The trade idea I posted last week, we never got the price target to set up a nice short. However, the trend was clearly down and there was no signal to long until the look below and fail on Thursday down in the 6900-6930 area. Give the close we had Thursday/Friday, it looks like some buying algos showed up. Weekends can change the complexion given our heightened...

ridethemwaves Updated 

The small caps have been killed but I think we may be in for a nice bounce targeting the 1590 area for 30 point upside. Directional Bias: Long Price Target: 1590 on RTY Futures Good Entry: 1548-1555 Risk/Reward: Max risk of 10 points/30 point reward.

ridethemwaves

Directional Bias: Long Price Target: 225 Good Entry:210-212 Risk/Reward: $3 max risk/$10 Reward Given the market volatility, especially in Nasdsaq, my view on AAPL is that buying calls 2 months out is a good idea in the 210-212 area.

ridethemwaves

Directional Bias: Long Price Target: 175 Good Entry: 138-144 Risk/Reward: $5 max risk - $20 reward If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.

ridethemwaves

Directional Bias: Short Price Target: 72.00 Good Entry: 74.8-75 area or Breakdown of 74.00 Risk/Reward: 50 ticks Risk Max/ 200 tick Reward