8 Years of Momentum Swing Trading ππ | Proverbs 13:11 | Not a Financial Advisor | Trade Qualification Engine (TQE).
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Anchored VWAP is one of the most underrated tools in technical analysis.
One of my favorite ways to use it is Earnings AVWAP.
When a stock gaps after earnings on massive institutional volume, I anchor VWAP from that earnings day.
Why?
That earnings gap often becomes a major character change for the stock, and AVWAP tracks the volume-weighted average price since that move started.
If the stock pulls back weeks or even months later and finds support around Earnings AVWAP, I pay attention.
Above AVWAP -> buyers generally in control.
Below AVWAP -> sellers generally in control.
A reclaim or strong bounce from Earnings AVWAP can also give you a great area to manage or build a position when the fundamental thesis remains intact.
I don't use AVWAP alone.
Combine Earnings AVWAP + institutional volume + Stage Analysis + moving averages and it becomes a very useful framework for understanding where buyers may step back in.
Find the strongest leaders. Let the pullback come to you.
$HNGE
Really nice setup off of the EMA's and really nice hammer as well on Friday. Watching to see if this gets some fuel this week with all of software setting up.
$BFLY
Really nice flat-top ascending triangle in a super hot sector. The declining volume just makes this setup 10x sexier. RS rating at 99 as well. Watching RVOL on this one to get long.
$NEOG
Really nice setup in a strong sector. I love how price is surfing the 10 EMA and creating higher lows. Really keeping an eye on this throughout the week.
$SBET
Really like this setup as well. This trade will be a bit different. I would watch to see if we get an earnings beat but a flat reaction so that the move comes during the market hours. Just an idea!
$ETSY
Really nice bull flag that's surfing off of the 20 EMA and recently reclaimed the 10. Recent earnings beat has caused an influx of volume as well. Gap to fill to the upside too!
This looks really good for higher. Keeping a close eye on this.
Kind of an off topic postβ¦
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Now back to our regular program :)
If I was starting fresh- I would print this immediately and back test on charts.
These 6 setups will change your trading & investing game.
Pick 3, and master them.
Thats it.
Daily Recap
- Longed $GLD this morning once it confirmed that it was going to hold its gap
Aside from that, that is pretty much it. Not a lot of action from me today. Market needs to go sideways for a bit in order for some setups to start playing out.
Daily Recap
- Took profit on $SPX lottos over the weekend at 220%... it ran to 5000%. Lessons were learned there today.
- Entered $CCXI off of its intraday explosive move upwards.
Overally really good day. Sucks I left way too much profit on the table, how ever a green day is a green day.
$BMNR
Ready to play both ways on this stock. It can either breakout of its flat top base, or it can break its rising wedge and continue to the downside.