Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Doji candle yesterday, bounced off low stochastics and support and over the top of the doji day. Still long a call option expires tomorrow, as it's a stock that can move on news regarding the offer. Targetting 139.50.
This is just a simple breakout trade, the normally dead MSFT is actually moving a bit recently, watching the L2 I could see a wall at 40.00, after breaking through it slowly followed through to my target based on expected range repeat.
My patience was rewarded here waiting 3 weeks for an exit that made sense based on a repeat of the previous swing up. But I only took a small position on this as I am an ant and very risk averse.
CHK: pulled back all the way down to the 250ma (250 trading days in a year) and bounced off it making it a double bottom with the Feb. low. I'm only looking for a small move on this as it's under both 200MAs.
JBHT: very oversold and looking for a bounce , but by the end of the day it looked a bit sick, I'm prepared to take a loss on this one, ideally if I can stay until the end of day to see what the final candle looks like then I can avoid these back-flippers, but since I live in Japan I have to go to bed way before close of day.
PM: it's below all the MAs and is in a bear flag.
AAPL: as everyone knows this thing is going to explode one way or the other - it's coiling up. Looked like it was going to be to the downside when I placed the trade, by the end of the day it looks very bullish with that nice hammer closing at it's highest close for the week and just below it's upper wedge trendline. The general market has a bearish close so APPL will have to buck the trend to prove me wrong, of course AAPL might lead the Nasdaq out and up in which case I'll reverse the trade.
