David Starr

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David Starr

David Starr

@FWTrader

Trade stuff. Invent stuff. Learn and teach. Spout off about a few things I know and a lot of things I don't.

TX Katılım Kasım 2012
123 Takip Edilen2.6K Takipçiler
David Starr
David Starr@FWTrader·
This chart is currently giving the clearest view of the market...
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David Starr
David Starr@FWTrader·
It's possible to lose more than max loss in an options trade. I explain how it's possible and how to avoid it in this video. youtu.be/K-p2UaPwGzA
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David Starr
David Starr@FWTrader·
Earlier this week, we bought LLY just above its fireline level and it's already up over 10%. Just one of the reasons why I rely on the Voodoo Lines.
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David Starr
David Starr@FWTrader·
The market is trying to erase cumulative breadth divergences which appeared at the last several all-time highs. Let's keep an eye on NYSE breadth through the end of the day. Even if they can erase divergences, +800 or so on breadth isn't a great way to make a new high.
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David Starr
David Starr@FWTrader·
I’m sure there’s a life lesson and maybe a trading lesson to be learned from this ponderosa pine
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David Starr
David Starr@FWTrader·
Taking a break from markets this week. Taking a break from my break to let you know Voodoo Lines is part of the July 4th sale at ⁦@simplertrading⁩ - if you’ve been wanting to add this tool to your charts you can do it at a discount with code JULY25 my.simplertrading.com/voodoo-lines-i…
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David Starr
David Starr@FWTrader·
Carney Always Capitulates Afterward CACA. Do we have a CACA trade?
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David Starr
David Starr@FWTrader·
For longer-term positions I'll wait to see if a move down begins to show the patterns associated with a trend move. So long as it doesn't I'll stay long. I have no idea what will happen -- I just have a plan. We'll be trading it live Monday in the Voodoo Mastery room.
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David Starr
David Starr@FWTrader·
We'll some reaction in futures Sunday night, but I care most about price action during Monday's New York session. Traders, like politicians, need their red lines. Mine is the SPX 5925 Voodoo fireline -- literally a red line. Below that level and I'll exit short-term positions.
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David Starr
David Starr@FWTrader·
Our trading agenda for Monday is now clarifying with a U.S. air strike on Iranian nuclear facilities. From the perspective of markets, it doesn't matter whether a situation traders were worried about happens. The only thing which matters is how the market reacts after.
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David Starr
David Starr@FWTrader·
While we could be getting closer to a market pullback, we should remember that we're acting under the influence of a recent Zweig Breadth Thrust signal which suggests additional upside and that pullbacks should be bought. youtu.be/upWn4S_Nv8Y?si…
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