Actual position - $SOXX
I’m in this long position, publicly shared.
Now — the half cycle low should be in. We are in the timing window. If we go higher, let’s push the trade, clear the nearest high and move above it, then find the next daily cycle low. That’s my bet.
Also, DSS Bressert has reset, and $NVDA should help us push this ETF higher (NVDA is the biggest position in the SOXX ETF).
If not, the first sign of weakness will be a loss of the upward-sloping trendline, confirmed by a daily close below it.
If that happens, I think the last daily cycle low will be taken, and we could see the long-term trend change from bullish to bearish.
At that point, I’ll reassess my thesis and possibly start looking for a short.
Observation:
The 200D SMA is still below us — long-term still bullish.
But there are some signs of weakness here — the 50D and 89D SMAs are above us.
Let’s see what the market can give us.
Actual Position — $TSLA
- Expecting a battle at this level because we are approaching an S/R zone while also closing a large gap.
- My guess: a wick through the level, followed by a small move down into the HCL, and finally a push through to the next resistance — the downward-sloping trendline.
Confirmation for holding the position:
- DCL low — in my opinion,it is in. It is interesting to see that Camel's indicator hasn't picked up the low yet. I expect it to identify the DCL soon.
- Daily DSS Bressert has crossed. I'm focusing on the weekly DSS as well — it looks ready to cross.
- Swing low followed by upward momentum.
Observation:
- 50D SMA is right above us, we are touching it - could be resistance.
- 89D and 200D SMA is above us, but quite far away for now.
New position opened — $VSXY
All the parameters of the cycle trading strategy are confirmed.
I’m not in a full position yet — just dipping my toe in with half size.
We are above the 50-, 89-, and 200-day SMAs.
Actual position - $HOOD
HOOD is facing a downward-sloping resistance line.
Expecting a push higher over the next few days, followed by a retracement to find a new daily cycle low.
For now, we might see a little battle at this trendline.
Observation:
The 50, 89, and 200-day SMAs are below us, which is long-term bullish in my view.
Actual Position - $CRCL
- expecting a possible decline into HCL sometime this week or early next week.
Confirmation of holding the position:
- DCL in the timing window
- Camel's indicator pick the DCL
- DSS cross on both the weekly and daily timeframes
- Strong push through resistance
- Clear swing low followed by strong upward price action
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When is this trade invalidated?
- A broader market crash combined with a sharp BTC sell-off
- A sustained break below the S/R zone around $73 - If price breaks and holds below this S/R zone, the setup is no longer valid and there is no reason to remain in the trade.
Observation:
Price is now trading above the 89D and 200D SMAs. Expect to battle this zone for a while.
It feels like an addict who has been sober for a long time finally got his dose.
Feeling euphoric, screaming everywhere That’s it!
Suddenly, life is better and confidence is back.
Best feeling.
But damn, don’t be so confident and loud!
Rather calm down and watch your back.
@kingcobratrader Sh**, was there any reason for this? Did they communicate anything to you before it was gone? You’re too good — you’re exposing what they don’t want to be exposed. Fu** them.
Cycles are in control. Believe it or not, but there is nothing you can do about it.
Better to understand it as soon as possible.
Life will make more sense. And trading as well!
Honestly, thank you Mr. @camelfinance , because you are the one who showed me this world.
God bless
If you are betting that semis are done, e.g. this one could fit your long position.
From cycle perspective - trendline break, swing low, above 10D SMA, DSS bressert is crossed, DCL is in the window, Camel's indicator label DCL etc.
Thanks for sharing @JTheretohelp1