That hourly 2u-2d reversal & rejecting that important $450 level AND AT THE TOP OF A BROADENING FORMATION w no reversal against you?! GLORIOUS PA!!!!! $SPY
Charts: Daily & hourly
Or you could've drawn like this. We are only acknowledging the simple fact we just made a higher high compared to the previous high. Just focus on the price action, don't worry about drawing them bc thats where ppl get confused. Did u make a new high? Good, u might be exhausted.
Nice chart @n_bancroft2! I tried to show that here as well, just a bit different.
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Getting some corrective activity.
Need to break above 14036 for an hourly TTO on NQ. Then maybe they will sell it off EOD for the long weekend. We shall see!
Didn't get the hourly 2up, instead stayed inside, new hour, new setup. Just got a 212 bullish reversal. Not looking short until we get a 2 down on the 30 min time frame at a minimum.
No position.
Here's a day trade I took that FAILED.
COULD'VE flipped positions, turned the LOSER into a WINNER & gone long based on the #SSS50PercentRule BUT I wasn't at computer.
I had a contingent option order programmed for my stop & take profit.
🤏 Loss $35
Gain potential was like ^6x
KEEP RISK & LOSSES SMALL!
TOS offers contingent orders u can program based on the UNDERLYING PRICE. These are GREAT for people who can't be there to execute or who like to sleep in.
The executions were 🤌
Hindsight! I SHOULDN'T have taken this trade BECAUSE we haven't had any corrective activity (2up aka bear flag) since the pop on 4/4.
This was basically a continuation trade 🤮 that I didn't notice at the time. I see it now & it's a potential PMG play! 🤦
Gotta run to the grocery store. May hop on #YouTubeLive when I'm done & take some chart requests. We'll see. I'll keep ya posted either way tho!
FYI, only people SUBSCRIBED to my channel can type in the chat.
If you're not and have a request, make sure to subscribe!!!
I found it helps keep the bots and loser haters out lol/
Well this ain't happening. Had a hypoglycemic attack in the grocery store. I had to smash some unpaid for chocolate before I passed out.
I need to eat & relax. Sorry everyone.
Contest!
Draw the 1 hour broadening formation on #ES_F!
The FIRST person to replicate what I have drawn will get a free coffee mug courtesy of @tradingview
@tradingview Okay, tons of beautiful broadening formations. Timing out the contest to see who the winner is! Great job everyone!