JoeFriday714
28.8K posts
JoeFriday714
@joefriday_714
There are no holy grails in trading. The key to successful trading is focusing on Price Action, Risk Management & having "Pay-tience" with your trades.
Long Island, NY Katılım Mart 2015
26 Takip Edilen10.4K Takipçiler
If the Strait of Hormuz remains closed for another few weeks, WTI will exceed $125, causing worldwide recession and strongly rising inflation, ie stagnation.
This in turn will cause major corrections is most stock markets.
My investment strategy still: 50% oil stocks, 50% cash.
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@declan_bar_24h Then wait to BTD.. as shorting this market is hazardous to your account.
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$QQQ $SPY $CL_F $USO $TSLA $APLD $NVDA $MSFT $QBTS $INTC Anyone interested can check out my Weekend Update at t.me/JoeFriday714 😎
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@mdtrade Jeez.. Lower lows and lower highs = A downtrend. No wonder why people lose money trading. 🙄
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Short term view of #OIL on the 1 hr chart, we see a clear correction from the circled peak.
The ABC correction has A=C with no Divergence and so qualifies well as just a correction and we therefore expect more upward movement on $OIL which fits well with the bigger picture also.
Perhaps more stress to come as a result for risk assets #BTC etc
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Trump appears to understand he is likely to lose the midterms. Two outcomes are on the table: Democrats win both houses, which markets will not like, or Trump contests the result and claims the voting was unfair. Either way, it is not a comfortable setup.
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No, b/c imho any continuation of the war will likely end quickly. Iran/IRGC will be finished and the strait of Hormuz will be open. That would free up the hundreds of tankers filled with oil who are waiting to deliver to their destinations, resulting in a glut of oil coming into the markets.
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@joefriday_714 if the war continue, it should be pump? but your chart is bearlish?
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Given the deadline for the 60-day War Powers Resolution Act is tomorrow, I would not be surprised to see the US take some further military action in Iran this weekend. 😎 $CL_F $USO
JoeFriday714@joefriday_714
$CL_F - FWIW, my current view on $Crude. 😎 $USO
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Anyone interested can see my real time posted trades here.. for free - t.me/JoeFriday714 😎 $CL_F $USO $GC_F $TSLA $INTC $APLD $NVDA $MSFT $QBTS $QQQ
JoeFriday714@joefriday_714
$CL_F - FWIW, my current view on $Crude. 😎 $USO
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The Kiss of Death for $INTC! 😎
Jim Cramer@jimcramer
Intel is such a horse. I have NO bear case
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The posts on X that I'm seeing from the Crude Oil bulls are just nonsense. Clueless fools. 🙄 $CL_F $USO
GIF
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The world has witnessed Iran’s tolerance and conciliation. What is being done under the guise of a naval blockade is an extension of military operations against a nation paying the price for its resistance and independence. Continuation of this oppressive approach is intolerable.
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$TSLA Weekly - Price pulling back in a potential ABC to set up a Higher Low = the precursor to set the next Higher High. 😎
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$MSFT Weekly - Price pulling back in a potential ABC to set up a Higher Low = the precursor to set the next Higher High. 😎
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$NVDA Weekly - Price pulling back in a potential ABC to set up a Higher Low = the precursor to set the next Higher High. 😎
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FWIW, my view of $INTC - Extended with potential Neg D on Daily. Upper Gap fill is my Target. BWTHDIK? 😎
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S&P: Even if the Strait of Hormuz fully reopens, oil flows are likely to recover only gradually.
FinancialJuice@financialjuice
S&P: Oil Prices May Need to Stay Elevated to Rebalance Markets S&P: WTI and Brent prices likely need to rise further or remain elevated for a prolonged period to curtail demand and improve market balances S&P notes its long-term oil price assumptions for 2028 and beyond remain unchanged
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@joefriday_714 Thanks we need to see $65 asap 😂 i don’t want do more DCA 😓
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$CL_F - ABC in play and also a potential H&S Top. Awaiting resolution, likely to resolve on an agreement ending Iran conflict. Will see. 😎 $USO $SCO
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@Oshin7777 If your asking why my position is so large, it's because I had to add to DCA down from my original entries. In addition, the positions are spread out in shares of $SCO and $USO Puts w/2 different extended expiry dates.
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@joefriday_714 Hi Joe, I saw your P/L Excel amazing trade so far 👍👍 I noticed that your oil position is substantially bigger than rest of the trades. Can you elaborate a little bit on the positioning when you go in?
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