1. false break
2. macd divergence
3. fundamentally not bad company

csx
this is one of my trade idea for next week.
1. 200dma bounce
2. false break
3. fundamentally good company (revenue, net income, cash flow increase over the years)
#priceaction

entered on trendline support. exit at resistant. this stocks doesn't has false break(horizontal support break) recently as it create higher high  and higher low. for pattern trader, this is consider as acending triangle. there are still potential ways to trade this stocks when another pattern form.
#tradereview #priceaction

Trades I will not take:
Every week I will screen for entries. This week I have around 10 entries. Due to limited fund, I need to short list down to maximum 5 entries. So, I will always screen again and analyze the potential trades strictly. This is how I analyze and discard certain trades in my watchlist.
Cag, mchp, klac
1. Although it shows false break, it breaks my uptrend trendline (cag)
2. Noticed that the big candles moving down (1) and follow by smal...

Es entry:
1. Weekly chart first pull back to previous resistant become potential support
2. Weekly chart at 50dma
3. Weekly chart at trendline
4. Daily chart bounce off 200dma
5. Macd divergence
PT, previous swing high
#priceaction

1. acending triangle, buyer are willing to pay at higher price.
2. price shows rejection at trendline
3. good risk to reward.
sometimes just these few simple concept can make you pull the trigger to enter.
*if you look at a longer time frame, it forms higher low into a very strong resistant. this trade is an anticipation of reversal from a downtrend with a consolidation with higher low into resistant (potential accumulation stage) and anticipate a breakout if it happen...

breakout trading:
Xlp analysis
1. Bullish candle break above resistance (bonus: with strong volume)
2. Red candle with reducing volume pull back to previous resistance which could act as support. (If miss out the first breakout entry, this could be another entry level)
3. Breakout with a buildup
Buyers are willing to pay at higher price to buy even though it is at resistance level. It shows there is a demand. Stop loss can be placed below th...

strategy: mainly trading using price action
unexpected gain: none
future tactics: price action with options strategies
most importantly is stay invested. trade on what you see. not what you think. when you think market can't go higher, it will go even higher. I make some mistake short a few positions and learn my lesson. try not to short in bull market. price above 200dma.

trade bull put spread on unp. finally can use moomoo platform to trade options. has been waiting since June when they first announce and then withdraw the options availability.
so far so good. will share more on my results and strategies here in the future. thank you moomoo