AMZN: there's strong support here, but I'll wait for TL touch

Sep 19, 2023

This would likely be a daytrade or 1-2 day swing when this transpires anyway.

If I miss out on the reversal, it's better than entering too early.


One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.

Also there's a h/s on the 4hr candle-chart. So I'll wait.

Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.

Sep 19, 2023

Note

Update: Now on trendline. Good stuff if you waited as well.



I cloned the TL to show that there's a possibility of a fakeout to the cloned TL.

Sep 19, 2023

Note

Update:
Escaped the mini downtrend. Should be clear skies. Watch NQ1! and QQQ for confirmation of reversal though. Never trade without a market view:

Sep 19, 2023

Note

Always good to track your trade on the lower timeframes and look for patterns in or against your favor.

Here's a mini inverse head and shoulders:

Sep 19, 2023

Note

If we weren't above key support I would have cut breakeven:

NQ1! QQQ SPY ES1! all consolidating sideways. Impulsive move should come any minute now.

Sep 19, 2023

Note

ES1! SPY confirmed megaphone. Signaling volatility potentially.


NQ1 QQQ bounce from support. Watch for 4x top and breakout.

Sep 19, 2023

Trade active

Target 1 met. Approaching target 2.

See my breakout on NQ1! QQQ SPY. Nice nice.

Sep 19, 2023

Note

Took DT profits +30% on target 2. Still think this will continue into tomorrow.

Sep 19, 2023

Note

Target 3 achieved.