MA Swing

 



Financial sector strong and breaking out, MA been stuck in this island for some time now. With super tight coil, seems very ready for good moves higher out of this. 


Huge call buying helping cause as well. This is a 3star trade, I want to get big. 


Gapped without me, couldnt get good fill for a while.

Held strong coiled into vwap and then I got that fill. Will have to hold intraday levels though or want to reset this on prev hi test. 

Made nice bottoming pattern, rolled up to HOD and added more. Also 3 star so I want to get big. Risk now based on intraday. Market is not recovering well atm. May be more sell off to fill gap lower.

Market flat out not strong this open. Going to cut this trade short it seems if we drop lower at all under vwap range low. No need to sit and hold through this clear weakness when not even at a point I want to be long from. Waiting for reaction. 

Banks are having a good day today, might be able to hold, so far is. 

Excellent base break again into big BO level + major TL break. Has the beginnings of a very nice trade. Will hold for 357 break still. Financials also performing well, lots of breakouts. 

Made giant triangle, OG calls are already up pretty good getting a bit expensive. Adding more OTM call, lower risk. Wanted to be big on this trade from the beginning, would let me get my entry so stuck settling for smaller risk

Trend higher all day. Excellent start. Seems like a great candle to start new trend to ATH if market can keep this strength up. 

Imp vol is still very low, lots of potential here if it wants to get crazy in coming days. Only regret is I wasnt able to get bigger. Gotta let it run now to 357 to take off. 

2nd day

Gapped higher into bo level. Tested it 3 times and failed. Might take one off early, not happy with action so far at this bo level 

Pulled lower into prev hi. Must hold. 

Technicals shaping up for more pb. Sucks to see but cant ignore it. market seems to be recovering but now here. ran 18 points in 3 days, probably is due for more pb. Losing too much money for me to stay comfortable here, will take one off on any more downside. 

And we did drop it and hard. Out half early. Market iffy still. 

Juked me, reclaimed higher. Will only add back in if clear strength shows up.

Lost LOD again and I bailed on all. I do not want to be long this market when we cant stick any breakouts and seeing all these sell offs. Ultimately this is a failed breakout as well. Solid win, ill get back in if market can prove itself strong again. 

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And I did. Held ok during market sell off, made nice range, in above range. Lower risk. 

I think I should have been a bit more patient before exiting whole position. It was holding up all day, yeah under vwap and bo level, but still ultimately in a bullish scenario. I should have given it a chance to pb, and I wouldve stayed in then as it reclaimed. Almost end of year and will work on trading plan for swing options. 

Trended higher into last hour of day, pulled into TL from LOD. Looking for failed breakdown to get bought to add. Market is at LOD breaking lower, will be a problem but vol and rel strength is here. 

And got exactly that. Added one more. 

And happened again. Market dipped hard but turned higher right away with good recovery.

MA collapsed back to bwap with low vol. Stuck holding. 

Bought the dip, turned lower to under vwap where we had tape buying and also HTF zone. Added, using as stock. 

Closed above good level. Pretty much sideways day, held well during weakness. Will be out under lo break and hold. 

3rd day

unreal move, added on morning triangle, blew up. Taking off on new 1min low. Vertical 5$ move. 

Took off 1/3. Going to take more off. It is due for at least a 3$ pb, it seems crazy to let it do that to me and not capture everything it just gave me. I can get back in.

20ma caught up, we lost it, dipped under, held for moment, but lost more, out more. 2 contracts left from 6. 

Another v strong day with more vol also getting to breakout PT. Didnt hold or close above it but just a bit under. 

Only way out is if market super weak and we follow. Could be failed breakout potential. Looks very good though for ATH. 

Out if hold under 354.50 + market weak. Can always get back in on big TL retest. Dont give up the value. 

4th day

Strong open, but like rest of market, gave it all back and then some. Daily candle turning into big bo failed move shooting star. MA made triangle under vwpa, broke down hard with vol. Getting all out. Solid trade, no regrets here. 

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