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CDLX
Hourly & 500 Tick:
It all fits together like pieces of a puzzle: The 4/5 bear trap on the 1.5K tick in the form of the 6 yellow bars with "R" below showing the tape was saturated with short chasers, was the heads up the bounce off the 50 ema (green line) on the hourly was imminent. Also of note are the price patterns as CDLX was testing the 50 on the hourly 4/5: exhaustion (red dot) then bullish divergence (blue dot) confirmed the power hour bounce was on. Now, CDLX again sits at the 50.
I spotted the opportunity but still need to work on my conviction and patience. I bought the $5 4/21 calls power hour 4/5 then dumped them waaaaay too soon the following day to see them eventually triple and go even higher the following sessions.
Those are plays I'm always on the hunt for: maximum reward with minimal risk in the shortest time possible in the most lucrative trading instrument ever devised.
That's the stated goal ofcourse. Achievement is ALWAYS a work in progress!
CDLX
Hourly & 500 Tick:
It all fits together like pieces of a puzzle: The power hour 4/5 bear trap on the 1.5K tick in the form of the 6 yellow bars with "R" below showing the tape was saturated with short chasers, was the heads up the bounce off the 50 ema (green line) on the hourly was imminent. Now, CDLX again sits at the the 50.
Blackjack Watchlist in no particular order:
BOIL
EDIT
CDLX
TNDM
SAGE
VKTX
IFRX
INCY
AI
ONON
PYPL
SMG
SSYS
MASI
ROKU
YOU
AAPL
TRUP
GDX
CI
PLTR
EDIT
1.5K Tick:
Pros (institutions and algos shown by blue bars) were accumulating heavily 3/31 to 4/3 & again 4/6 to 4/10. Then shorts got overly aggressive and were forced to say "no mas" when trying to breach $6.50, as noted by the yellow bar with "R" below, a surgical long signal 4/12. Now EDIT is threatening to break multi-month resistance shown by the thick horizontal green line. After the 200 ema (aqua line) @ $7.95, there is a lot of clean real estate to $9.50.
Long $7.50 & $8 4/21 calls
Nice! Here's the 1.5K tick:
Another nice look at the surgical long signal under $3 (bullish RAMBO shown by the yellow bar with "R" below), then pros (blue bars) buying the 200 ema (aqua line) break. $3.37 is a notable pro short trailing stop level shown by the thin horizontal red line, making it a key pivot.
BOIL ripe for a mega bounce:
1) The First bottoming warning came 4/13 minutes after open, the yellow bar with "R" below shows nervous nelly long selling into critical short-term support @ $3.20.
2) 4/14 the bullish RAMBO hattrick (Reversal of Amateur Breakout, high probability points failure of chasers) yellow bars with "R" below, noted the long signal with surgical precision under $3, where retail shorts finally cried "uncle."
3) Ever since, the pros (blue bars) have been stair stepping in long as seen by the staircase looking green line which notes their trailing stop levels; along the way they quickly triggered the buy alert noted by the timestamped dotted vertical green line 32 minutes after the opening bell 4/14.
I'm taking a cut in a short-term calls swing in the BOIL $3.50 4/21 calls @ .15 avg. and if it behaves properly may add higher strikes and options with later expirys.
Yep! My few remaining BOIL $3.50 4/14 calls from .20 will likely expire worthless. A risk I fully accept and why I locked in some gains while I could earlier. I still believe in the Natty Gas Long swing technical thesis. I need to give them more time though. 4/14 expiry is too soon. I snagged a few BOIL $3.50 4/28 calls @ .32 today as a starter. If it behaves, I may add but if it starts teasing, I cut first then ask questions later.
See CT for trade updates, it gets a bit much posting the same thing over and over.
TRUP 1.5K Tick:
First of note is the fact the pros (blue bars) were active into the dip instead of the rip. That's game set match regarding what they are up to. Bottom line is bottom fishing pros were active b/w $40 & $50 3/23 & 3/ 24.
TRUP is starting to reclaim key emas. Next is the 100 @ $45.85 then the 200 @ $48.85.
Why didn't I just stay in from my original long entry just over $2 Sunday night? Several reasons:
1) I don't trust natty gas
2) The early part of the move is always the most explosive, the move from $2 to $2.15 for example, happened super quick. I was lucky enough to catch a fair portion of it so why needlessly push it?
3) I'm still long via some BOIL calls that I can do nothing about for the next hour plus.
7:45 Sold NGM23 @ $2.241 from $2.181
17:00 Long NGM23 $2.181, Stop $2.145
I locked in some profits @ .28 from .20 in the $3.50 BOIL 4/14 calls. Still holding a core position in case this puppy has legs this time.
Delayed update: sold @ $2016 target from $2008.
BOIL Mid Session Snapshot:
Holding up well so far. Whether I hold my BOIL 4/14 calls from .20 o/n or depends on how it behaves during power hour. We all know it has a long rap sheet filled with demerits for,,.......being an a$$holee! lol! It's just a well documented con artist NEVER to be trusted. But that's also part of what makes trading it so fun!!!
Taking a shot in a few BOIL $3.50 4/14 calls @ .20. Super tiny position in this very high risk/reward lotto.
9:32 Sold NGM23 @ $2.154 from $2.029