Obviously, there are more "key levels" to be found on different time frames but imo these are the ones I'm placing most weight on.
(2/10) To put things in perspective, here are a few visual screenshots of my charts with respect to their time frames.
(3/10) Now for a more micro analysis let's take a look at this week's $AAPL intraday price action, most specifically the 172.85 level. Coming into this week 172.85 was an overhead level on my chart dating back to February 15th and 16th.
This is the daily chart.
(4/10) Adding to that, on Thursday of this past week, March 24th, we had our first intraday test and rejection of 172.85 resistance. During power hour we retested, broke, held, and saw that previous resistance turn to new support.
(5/10) Something else to note is during AH on Thursday and Premarket Friday, 172.85 was confirmed as AH/PM support.
(6/10) Friday was by far the most interesting day with respect to 172.85. After the overall market took a hit around 10:50AM, we knifed through vwap and ultimately found support off 172.85. I was really thinking $AAPL would ultimately break to the downside and test 171'ish...
(7/10) But as you can see 172.85 posed as a brick wall which turned out to be LOD.
Upside:
Next level overhead is 176 - Break over & I don't have much till ATH (182.94), maybe 180.30.
Downside:
Break below 172.85 support I think $AAPL sees 170 rather quickly, 168.17 as well
(8/10) Now for some interesting @unusual_whales flow 🐋
Expiration dates targeted:
4/1/2022
5/20/2022
6/7/2022
(9/10) Strikes being targeted - categorized by volume
Puts: 175 strike
Calls: 175 strike
(10/10) Hope you guys enjoyed this thread. Thinking about doing one or two of these every week for a ticker of your guy's choice. Let me know what you think!
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🧵🚨As requested, a thread on my outlook and thoughts on $NVDA - Based on my TA and added support from @unusual_whales flow 🐋
$NVDA had insane movement last week so let's get right into it.
(1/19) First and foremost here are the Fibonacci Retracement levels (1D) I've been using in this current trading range. We broke over the high of this fib range early last week but these levels have been money so I'm keeping them up till/if NVDA sees north of 290 and consolidates
(2/19) This retracement is drawn from the 2/10 HOD of 269.25 to the 3/8 LOD of 206.50.
I want to point out that, at first, this chart may look hectic w/ all the different price levels, but over time as you get used to plotting fibs it should get easier to read & comprehend
Here's a little EDU for anyone wanting to branch out into trading Options.
What are Options Contract?
An option is a two-party contract that conveys a right to the buyer and an obligation to the seller.
In this thread, I'll be more focused on buying than playing spreads and naked calls & puts
Call Options:
Buying calls - A buyer of calls owns the right to buy 100 shares of a specific stock at the strike price before expiration if he/she chooses to exercise. The buyer can also sell the option.
1. Kane Capital x Unusual Whales @Kane_Capital's own @DiamondxTrades with a great video on how to trade options using Unusual Whales flow.
2. The Greeks
Understanding the greeks and time decay is a crucial component to being a successful options trader. Here's a great video that puts things into perspective.
Let's discuss how you can use support and resistance levels in your TA to get the best entries and exits while using @unusual_whales flow for confirmation.
(1/11) Support and resistance levels are formed when a stock repeatedly touches a price and is unable to break that price. When this occurs to the downside we call that a support level. When it occurs to the upside, we call that a resistance level.
(2/11) Support and resistance levels gain validity the more times a stock touches the level without breaking it. If you pull up a daily chart for any stock you should be able to draw horizontal lines where you can see critical levels that are being respected by traders.
Bull flags are one of my favorite chart patterns. A bull flag is very similar to a flat top breakout, except with one very important difference. Unlike a flat top breakout, a bull flag will experience a slight pullback off the first strong move.
(1/6) Bull Flag Pictured:
(2/5) Stocks that are surging up with high volume, can form bull flags worth trading when they begin to pullback. This puts me into the group of traders who missed the first move but will buy the first & second pullbacks.
🚨HOLDING LOSERS TO LONG/SELLING WINNERS TOO SOON THREAD🚨
This thread is intended to give insight into strategies that will maximize your winners and minimize your losers. I credit this information to one of my favorite day trading guides by Ross Cameron! Enjoy.
(1/14) Holding Losers Too Long:
Fear of loss in trading can manifest itself in some unusual and outright counterproductive ways. Many beginner traders and most failed traders will experience the tendency to hold their losers too long and sell their winners too soon.
(2/14) The driving emotion that leads to this behavior is the fear of losing. Why does a trader hold losers too long? It's because a trade is not a loss until you've hit the sell button. There is always a chance that the price could pop back up until you hit the sell button.