On watch 09/05/18 From Emil

by | Sep 5, 2018

 

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NCTY – looking for some late day shorts to cover int the morning order to get a piece of this short 1.6+

MNKD – day one runner, huge volume, ETB and AH grind, now two scenarios that can be adjusted after the open but as a big pic idea: one either will squeeze towards 3 after the open and will stuff at some stage for a short mid morning or second failed all the way down in pre mkt and hits ssr pops back up and will have some failed follow thru, no long scenario for me in here for tmr

CRON – many shorts bent over in here prolly will cover into a crazy push so will let this one setting up for later in the day but even after some profit taking in the morning IF will stay above 11.5 area will consider this as a strength so I won’t short it, this is a trading vehicle now and nothing more so trade accordingly

AOBC – morning ramp into 15 and some short if will fail there for some profit taking

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4 Comments

  1. I have a question for you sir. I missed your webinar today but I was watching your last one and I picked up on something I came across in the past reading books while in my early stages of learning to trade. question how heavily do you rely on previous days highs and lows as sources of support and resistance? And have you found them to be very reliable?

    Reply
    • I rely pretty very often on sup/res from prev day especially when there is a para/washout move into them decent r/r

      Reply
  2. My bad I’m lost this week. I didn’t miss the webinar after all. Ty in advance!

    Reply
  3. gotcha ty!

    Reply

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