Options Day Trader | Watchlist Provider | Technical Analyst | Not Financial Advice | Filipino | Check out my Patreon to follow my live trades, charts, & levels
My second most used trading strategy is using inside and outside bars (IB/OB). I created a two part guide to show how I trade the inner bar/outer bar setup. The first part of the series describe inside and outside bars, and how to find them!
https://t.co/sziskSkMf0
Top watch today is $PLUG from my options watchlist.
$PLUG calls > 29.92 | puts 28.78
$PLUG formed a hanging man candle on the daily chart, which happened during an uptrend, seen by the previous 3 green candles.
Top picks from today's options watchlist are:
$GM
$TWTR
$CVX
$TWTR has a nice double outside bar on the daily chart with yesterdays outside bar being a doji.
Sharing thoughts on the pro's and cons of a small vs. large watchlist, and some insights on how I create my watchlist for options. $SPY
https://t.co/zJe2iFK8jp
Created another article showing how I used the Fibonacci Retracement tool to find a reversal on $TSM during yesterday's trading session: https://t.co/pLLY2T3u6B
A little article I wrote up to show how I use the Fibonacci Retracement tool to find reversals. Yesterday's target for reversals was $MS: https://t.co/CGpdteUHSu
Posted an article for my Patreon members talking about bear flag formations, how to spot them, and how I use fib retracement levels to help confirm them: https://t.co/LD5EGij74e
*US GDP -0.9% Rate In 2Q; Consensus +0.3%
*US Final GDP In 1Q Revised To -1.6% Rate
*Real Final Sales +1.1% In 2Q
*PCE Price Index +7.1% Rate In 2Q
*Core PCE Price Index +4.4% Rate In 2Q
*Domestic Purchases Price Index +8.2% Rate In 2Q
@johnathonmbaker So during these FOMC events, you "typically" can profit on both calls and puts. Doesn't always work out that way but most of the recent FOMC events we have been able to. Have to be quick tho, as you can see the spikes and retraces happen quickly.
Pretty big watchlist today, and another big economic and ER week. Play smart and wait for our call/put triggers to hit:
$DKNG
$GOLD
$PLUG
$T
$RIVN
$GM
$RBLX
$KO
$SQ
$DASH
$NKE
$SPY
$IWM