Welcome to my trading journal
Expect watchlists, chart analysis, trading tips and my opinion of the market
Started as a day trader but now focus more on higher time frame break outs, momentum, episodic pivots, etc.
Fan of Qullamaggie
Episodic Pivots have been doing a lot better than breakouts
A lot of people trade some variation of EPs but I initially learned about them from Qullamaggie
Here's a few EP resources:
https://t.co/c2pRijOf2C
https://t.co/L3u10V31nu https://t.co/8Qub5laWLC
https://t.co/VnmLnKe2fK
EP case study $DRCT
Huge beat on Earnings and Revenue
Sideways forever
ENOURMOUS relative volume
> 5% ADR
Gap over 200MA
300% move to peak
+200% gain if trailing with the 10D MA
Just some thoughts:
Gold saw all time highs briefly before selling off
The market may be a bit extended and looking for some consolidation
Identifying hot sectors early, like AI and software recently, is very important. Weight loss (GLP-1) could be next, per Qullamaggie
$ETH had a good consolidation breakout. It’s currently trading above $2150, a critical level. It broke out on average volume though so I’m not sure if it will be able to hold. Based on recent price action I’m expecting it not to hold but consolidate around this level
Some momentum stocks I’m watching for consolidation and breakout setups
$COIN
$DDOG
$DKNG
$MSTR
$PLTR
$TAST
$CRSP
$DUOL
Last two just closed below 10D MA looking for consolidation on the 20D
Gold and Silver setting up nicely on the monthly chart. 2024 looking like a good year for them.
Gold has a cup and handle pattern. Looking at a possible blue sky breakout.
Silver looking to breakout of its consolidation.
Hope everyone had a good Thanksgiving. Took a break from charts and the market and went on an insane backpacking trip.
I’ve never sought out adrenaline while trading bc I’m extremely physically active and can recognize when I need a break.
Remember psychology is half the battle
This is the most comprehensive EASIEST TO DIGEST deep dive of $COIN
Why?
NOBODY is covering this in detail on X. In boomer tradfi land, nobody cares about crypto. It’s a scam.
So it’s me left. The chicken🐓that calls himself a genius
A Quantitative & Qualitative data approach
$MSTR up 6% following the small $BTC breakout I called. The breakout has since failed so expecting some sell off on $MSTR tmr if $BTC doesn’t recover by market open
Hoping $BTC holds up its price till 20 day MA catches up. Looking a little extended and weak with failed breakout
$BTC forming nice consolidation on the 10 day MA. Could see a breakout and continuation of momentum soon. $MSTR not as nice of a chart but it will follow suit with $BTC price action
$BTC forming nice consolidation on the 10 day MA. Could see a breakout and continuation of momentum soon. $MSTR not as nice of a chart but it will follow suit with $BTC price action
The easiest way to study the biggest winners this year:
1. Open up TC2000 and go to the QQQ
2. Connect the lows in January to the highs in July this year, then press space.
3. Click "Custom Date Sort" & "Sort In New Window"
You now have the biggest winners this year. No Excuses