what are you basing these support levels off of? Just from a quick glance I don’t see any support until $610, but we all have different eyes that see different things.. thus a market is created.
Why do moving averages SUCK so much?
- Thread starter Saltynuts
- Start date
what are you basing these support levels off of? Just from a quick glance I don’t see any support until $610, but we all have different eyes that see different things.. thus a market is created.
The poster I quoted was asking others for their next week’s opinions on MSTR. As I mentioned, $681 was Friday’s low, an important threshold for longs, I would think. Last week’s low was about $659.00, but a third visit to that area would not be looking good for bulls, and your support level of $610 would likely be in play at that point.
I would be a buyer from $775 to $810, with a soft stop at $740 or so and a hard stop of about $720. My soft target would be $845 to 850 and my hard target would be $930 to 935. As always, assessments and timing are subject to change according to market environment, such as money flows towards monetary safe havens and tape reading, not that I will have time on Monday to do all these things. Hell, we don’t know how MSTR is going to open, yet.
I was and still am considering buying above a break of 805. I think this stock is just beginning. Super orderly pullback.
Had to go to my ToS charts for stock, my Sierra is only futs. I am a scalper, and have not traded any stock options for many moons but here is what I see, and I do not have a "system". I am purely discretionary and a scalper.
MSTR has dumped app 50% of its value in 3 weeks. Clearly a blow-off top. Still remains a gap on the daily chart of 844.78 to 863.12, which could be filled next week IF price overlaps back up that big down weekly bar from last week. Price congests in a range after the murderous sell-off. If a trader were so inclined to trade this (I would not) I would look for a test of the daily lows down under 700. Test to the upside would have to be last weekly bar hi @ 932.81, probability of getting there? Possible, with weekly ranges at 200 to 300 points. What I would likely do if I was to trade this would be to sell some option premium (puts under 600) with some long puts under those as a party hat. IF I was going to trade this, and I have no intention of doing so. Implied vol on options should be sufficient to make selling a put spread viable.
Hopefully not too verbose for you asshats.
buying shares or options?
How goes man? Keeping it Shiny Side Up?
"Got any Possible Specific Measurable Entry TRIGGERS?"
Actually, opinions weren't what were requested. Technical Analysis showing Entry Trigger, Stop and Exit Numbers based on techniques touted by a couple of posters named therein, are what were requested.
Guesses and opinions were in abundance, and of course welcome sans complaining and bellyaching, lol.
Just Three Little Numbers, LLFly, Overnight. The Week is Young. Show us a chart marked, even if it is after the fact, showing those three little numbers and how they were derived using your system.
Is that too much to axe?
hell I don't even trade stocks, this is just to give you two space to demonstrate your chops by Specific concrete example. The way the "trade" goes is immaterial, es machts nichts, the demonstration of the technique, eg that blood simple Double Bottom Measured Move, any 4th grader can do, based on a picture and a couple hours of practice, your Specific concrete example is more informative than a boatload of kvetching, know what i mean vern?
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Trade example. Pullbacks. Simple. Thinking price could test overnight lows @ 3834. Sell two, take one off first target, let the other one work for second objective.
After all that essaymanship?
Trade example. Pullbacks. Simple. Thinking price could test overnight lows @ 3834. Sell two, take one off first target, let the other one work for second objective.
Is
That
All
You Got?
No Chart?
Man, how we sposed to learn about your wickless candle technique, show us what you're workin with.
The Product Matters NOT. Take YOUR Pick.
That MSTR just happend to come along so that's the chart that pops up.
Charts of whatever blows your skirt up: Commodities, Forex, Futures, Stocks
Hell, LLF, Overnight you two got till Friday.
Overnight, llmflyfisher, What's your system show you for MSTR for Next Week?
Got any Possible Specific Measurable Entry TRIGGERS?
What are the Wickless Candles saying, llmflyfisher?
What are the Unirenko charts saying, Overnight?
Whadda we got, guys?
Here's a simple setup my charts are telling me to watch for, a
Possible Double Bottom Entry Trigger for Next Week for MSTR Above 844.79.
This is a Setup. Currently UnTriggered.
This is NOT a Prediction. I don't predict. MSTR'll do what it's gonna do.
Trading a Double Top and Bottom
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
Whadda we got, guys?
Post a Picture, the verbose responses are not necessary for this one.
Please Include Specific Measurable 1)Entry Trigger, 2)Stop, 3)Target.
Run What Ya Brung, Boys
Marked Up Charts are the lingua franca.
Essays, also rans.
kvetching, naa, bush league.
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Ultimately neither. It doesn’t make my cut. But I like the chart. A lot.
Overnight, What would this cl around 8:30am look like on your Uni chart?
blue ice trade under that mean bad old 50MA that sucks so bad. MA sucks. Bad MA.
You go right on ahead and keep showing successes, but no failures. It's brilliant.