$AAPL Here's a #chart $STUDY and #Thread on how I combine #TheStrat & #TA
@RobInTheBlack
@CyberDog2
@GroupSepia
@danushman
@Jake__Wujastyk
@markminervini
@TrendSpider
@Tradytics
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@RobInTheBlack
@CyberDog2
@GroupSepia
@danushman
@Jake__Wujastyk
@markminervini
@TrendSpider
@Tradytics
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1/ Inside day hammer set up for tomorrow. Had an earnings gap kicking pattern to go 212 day up then yesterday went 22 week up and hit T1 now trying to go for T2 on the weekly if it can go 212 day up. Ofc it can also go 212 day down or do a 2 go 3 so never count out a scenario
2/ It could also stay inside but with hammers I look for triggers to the upside & with shooters I look for triggers to the downside.
3/ I always look for a TTO then enter on a reversal into FTFC and look to add on continuations then take profit into strength then sell rest on first sign of weakness. FTFC is key to know if buyers/sellers in control and who is aggressive
4/ Market just got a new monthly candle today so need to see if they follow through or change continuity on the monthly. If we take out today's lows that's a 212 day reversal and that's something we'd want to know bc there's a daily reversal happening & now monthly turns red
5/ Last month we made a lower low after a higher high so it completed the tri (bottom/top of the broadening formation) by going outside month then tried to hammer to close the month. It had a strong weekly close then went 22 week up yesterday.
6/ The first buy signal was the earnings gap because that was a kicking pattern and it went 212 day up, also retested trigger to close gap then ran and closed week strong and reclaimed 50MA on the daily
7/ Next buy signal was yesterday when it went 22 week reversal up which was the 2u continuation on the daily.
8/ Now we have an actionable signal tomorrow again since we could trigger continuation or reversal because we have an inside day.
9/ I look for supply/demand zones. $150 is a psychological level where there was supply then demand. 157 was also a previous supply zone that turned into demand as we had buyers step up in NOV & JAN in this zone.
10/ Whole numbers are psychological levels. $AAPL has big volume shelfs at these psychological levels. You will see they're around 150, 160, 170, 180. These levels will also show supply/demand. You can take it even a step further by looking at @TrendSpider 's heatmap
11/ I analysis volume by counting the accumulation days compared to distribution days. Simply look to see if there's more selling or buying in a certain period of time.
12/ Look to see if volume drys up or increases as well. If long you want big volume on moves to the upside because that means there's institutional buying which backs up a breakout. If there's weak volume on breakouts this typically leads to false breakouts.
13/ After the breakout you want follow through but if u don't get follow through you want price consolidation and volume to decrease/dry up as price is contracting. Now we are getting into @markminervini's Volatility Contraction Patterns which I explain in my free intro course.
14/ During consolidation you will see flags/triangles/pennants/wedges. These patterns show that price is contracting. You want supply to dry up then demand to come in to create a breakout to trigger a reversal.
15/ TA traders look for the flag/triangle/pennant/wedge breakout and Strat traders look for TTO then inside bar breaks or hammer/shooter 22 reversals. It's different language but same thing. An outside bar is a broadening formation & an inside bar is a symmetrical triangle.
16/ When $AAPL broke out of @markminervini 's VCP setup it triggered 122 month rev strat. It formed an ascending triangle and then broke out of downtrend line by going 122 week rev strat to then go 322 month up to make a move to ATH.
17/ Strat language a lot better for communication imo because certain breakouts with shapes can be gray. Strat triggers are black and white cause we know exact combo names for these triggers and it lists entries, targets, and stops every time so no guessing if it broke out or not
18/ Some other things I look at are moving averages to understand trend but not showing it now because already too many things on my chart. When I trade all I look at is candlesticks and volume and list out my levels nothing fancy. When I review D/W/M/Q/Y closes then I look at MA
19/ Recap I look for hammers and shooters after a TTO to enter on a reversal using #TheStrat. These reversals look like flag/triangle breakouts/breakdowns. Know your stops & targets before you enter trade a trade and manage risk as that is your #1 Job.
20/ The TRUTH In Price Action
If you want to learn more about my strategies sign up and check out free course!
DANGSTRAT INTRO COURSE: docs.google.com
Alerts sent in Discord: launchpass.com
Charts reviewed in Live Room w/ @GroupSepia: sepiagroup.com
If you want to learn more about my strategies sign up and check out free course!
DANGSTRAT INTRO COURSE: docs.google.com
Alerts sent in Discord: launchpass.com
Charts reviewed in Live Room w/ @GroupSepia: sepiagroup.com
21/ When I trade this is what my screen looks like and then I have another monitor looking at ES 1min, 5min, 15min, 30min, 60min, 2HR, D, W, timeframes and have another screen to look at the traditional pivots. share.trendspider.com
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