DayTrade/Overnight. AMD potential resistance @ 1D TL & supply 5m
Updated
AMD approaching supply on the 5/15 min chart:
AMD approaching TL rejection/ resistance on the 1D chart:
I need another confirmation and I will enter.
AMD approaching TL rejection/ resistance on the 1D chart:
I need another confirmation and I will enter.
Note
Took my +20%. I have a rule if I get +20% same hour I sell no matter what. I will track it to see if it was a longer-term good trade and refine my strategy.
Note
Update: Ripping now! It's up +45%
Trade closed: target reached
This was a daytrade yesterday. Didn't realize left it open. Nice nonetheless!Note
The overnight aspect also worked. The puts are up +100%. The trendline resistance on the daily was strong enough to push it down almost 2%.Trade active
You can see how this trade transpired. Called the exact top on AMD @ 108.52. These trendline rejections can be very profitable.
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