Dr. Anger

Leadership in several early stage companies; software and consulting.

Now building algo trading based on experience in automating Fabs.

[Dr. Anger @aultfern]

@Banana3Stocks SPY

[Dr. Anger @aultfern]

@Banana3Stocks Picked up some 7/17 736C Fingers crossed.

[Dr. Anger @aultfern]

@Banana3Stocks What calls are you looking at? Today’s rebound is already underway.

[Dr. Anger @aultfern]

@jrouldz looks like we did find support for $SPY at the daily EMA21. :)

[Dr. Anger @aultfern]

Looks promising. Touched the weekly EMA8 and rebounded.

[Dr. Anger @aultfern]

$NVDA we finally got here. Support on the 1H chart. Let’s see if this holds.

[Dr. Anger @aultfern]

If you are interested in the mechanics of a trade like this, the attached chart will help.

This is the 3min chart. You can see the oversold condition on the 3rd chart down (Aroon Osc) and the 4th chart down (SMI), and the bottom chart (15min SMI). When these line up and you see long tails forming on the candles, it is a high probability entry. In this case the volume chart (2nd down) didn't tell us very much.

You could also wait for volume and volatility (not shown) to pick up, which occurred a few candles later.

A good exit is when the bottom chart (15min SMI) is overextended and price bumps into the 15min EMA21 (signified here as a gray dotted line). I like to sell some at this level and keep some to see if it runs further.

In this case I sold some even earlier because we achieved a significant dollar level that I wanted to protect.

[Dr. Anger @aultfern]

$AVGO is now solidly above the EMA21 on the 3 min chart. I'd expect it to retest which would create an opportunity to buy some call options for tomorrow.

[Dr. Anger @aultfern]

And another 20% at 14. I got anxious. :)

[Dr. Anger @aultfern]

Holding 5% over for tomorrow. Risky but I'm up enough not to worry about a complete loss.

[Dr. Anger @aultfern]

Opened a position : 6/5 410C for 7.99. Just closed half for 13.00.
Wild day.

[Dr. Anger @aultfern]

@Banana3Stocks $AMZN has found support on the daily timeframe.

[Dr. Anger @aultfern]

@jrouldz @BigBrainExchang $SE looks like it may be ready for its next run. Daily and weekly charts show potential. Short term resistance around $99.