Paul Andrei

[Paul Andrei @AndreiJuduc]

@alphatrends Notes

[Paul Andrei @AndreiJuduc]

@TCMLLC What is an OEL? Do you have a post or video that explains the concept? Thanks

[Paul Andrei @AndreiJuduc]

@anandragn Looks like patience didn't pay this time. Had to buy them when things were most volatile

[Paul Andrei @AndreiJuduc]

@lowerhighpivots Hi, why are win rate % and avg loss different? The different trailing mechanism kicks in only after the stock is 10xATR above the 200SMA.
I could see very extended stocks to trigger the 20% partial profit shortly after entry, but that should decrease the avg loss, right?

[Paul Andrei @AndreiJuduc]

@TaPlot Your RR gets messed up by getting stopped multiple times as well. If your next trade in BE gives you 2:1, it means overall you made only 1R

[Paul Andrei @AndreiJuduc]

@alphatrends I'm sorry for your loss Brian. Always enjoyed your instagram posts with ZZ

[Paul Andrei @AndreiJuduc]

@OliverKell_ Looking at it now it would've felt extended into previous resistance. What should I change about my perception?

[Paul Andrei @AndreiJuduc]

@alphatrends @Stocktwits Voted, hope you win. You deserve it fully

[Paul Andrei @AndreiJuduc]

@TaPlot did you get in this one? If yes, how did you manage it today?

[Paul Andrei @AndreiJuduc]

@TaPlot Those are my favorites as well, alongside this one

[Paul Andrei @AndreiJuduc]

@alphatrends I was expecting to see your dog jumping in that river 😀

[Paul Andrei @AndreiJuduc]

@TaPlot Labs are the best. These 2 are mine after a 2 hour walk as well

[Paul Andrei @AndreiJuduc]

@TheSwingReport Wedge Pop

[The Swing Report @TheSwingReport]

The next Swing Report Webinar with Oliver is this upcoming Wednesday.

Oliver will be covering the current markets and key concepts related to trading and handling corrections.

We have 5 spots available to non-members.

Retweet this & comment "Wedge Pop" if interested

https://t.co/3tZRlqZvgn

[Paul Andrei @AndreiJuduc]

@alphatrends YTD VWAP hands off on April 19th. It provides a bounce on June 27th which pushes price to the VWAP from the ATH, but fails in that area. Then it falls down to the YTD VWAP on July 25th

[Paul Andrei @AndreiJuduc]

I'm attending Day 2 of the @traderlion Free Annual Trading Conference. Join here: https://t.co/4KxoWCsNB9
Let's go!

[Paul Andrei @AndreiJuduc]

Taking the time to learn and help others with @traderlion

[Paul Andrei @AndreiJuduc]

I'm attending the @traderlion Free Annual Trading Conference.

Join here: https://t.co/4KxoWCsNB9

[Brian Shannon, CMT @alphatrends]

WHY SUPPORT AT KEY LEVELS?

When a stock (or market) in a strong uptrend falls quickly, it is natural to look for the stock to bounce, that is where technical analysis comes into play

We look for a "level of interest that has the potential to become support"

Those levels could be a moving average, like 20SMA, 21EMA, Fib retracement level, AVWAP level, prior resistance etc.

The key is to understand what happens at those levels because they are not magic levels for a stock to bounce.

Think of the short sellers who are looking for a quick kill, they will consider those technical levels as a place to begin to cover because they "often are support." This removes supply from shorts and turns them into buyers (demand) in that area.

Sidelined cash who missed the big up move, look to those levels of interest as a place to get involved in the long term trend, more demand.

Short term traders looking for a bounce know those areas often become support so they stick a bid in, more demand.

Big funds who sold some of a large position into strength but still have large long exposure stick bids in at those levels, more demand.

When one or more of these levels of interest line up together it makes it more likely to become support because more participants come to the same conclusion (it doesnt make sense to sell here and maybe a place to cover a short or buy/add to long) in the same place.

Where does the supply come from? Often it doesn't which is why a bounce does materialize.

The key (as always) is to know your timeframe, wait to see the evidence of buyers taking control and then know where your stop is and manage the winner with stops trailing up under "the most recent and relevant higher low" for your timeframe.

If you made it this far, please RT it, this is super important concept.