AsymTrading

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AsymTrading

AsymTrading

@AsymTrading

20+ year student of the mkt. Swing trading breakouts from higher lows and tightening ranges on the highest ADR, highest momentum stocks. KK/KQ is the GOAT.

Aberdeen, MD เข้าร่วม Haziran 2021
40 กำลังติดตาม33.5K ผู้ติดตาม
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AsymTrading
AsymTrading@AsymTrading·
Qullamaggie: "I want to see higher lows, tightening ranges, and relative strength, cut 99% of things that don’t matter and your trading results will improve." @billyonaire__/i-didnt-ask-for-permission-kristjan-kullam%C3%A4gi-mock-interview-fb3c51509c23" target="_blank" rel="nofollow noopener">medium.com/@billyonaire__… One of the simplest, repeatable, structural patterns to trade is to look for: 1) Strong leg up. These should be obvious range expansion bars. Bars much bigger than recent price action - at least one, but preferably 3-5 large range bars. Volume will also usually be much much higher than usual on the expansion bars. These bars with obvious range and volume expansion should clearly tell you there's demand for the stock. Stocks without strong demand don't go anywhere very fast. This is the first requirement - trade stocks in demand now - not six months ago - but showing strong demand very recently. I color the bars purple with the simple formula h-l>avg(h-l,10) just so I can clearly see them. 2) After the range expansion, you are looking for tight ranged bars. You can do this visually by looking for bars that are much smaller relative to recent bars. Or you can use other tools, like color bars ( or bollingerband width to tell you when price action is tighter on average. I color narrow ranged bars white with the formula h-l
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Qullamagie Wisdom
Qullamagie Wisdom@QullamaggieHQ·
Q showing a 7 star setup on a 5 star scale. "this is like a big big move, goes sideways. builds a tight range, and look at how tight it gets look at this thing, it breaks out and boom. this is like a seven star setup on a five star scale. memorize this this is the basic principle we're trying to like stocks move like stairs. right, you get a leg higher, sideways, leg higher, sideways you get another step higher, sideways, step higher sideways, so we are trying to identify the areas when the next step higher could be formed. you know tight areas we're looking for tight areas so we can get a tight stop so we can get a good risk reward. This is how stocks move. like this one is kind of a perfect one most are not perfect but this is the basic principle this is how stocks have moved in 100 years and there is no reason they should stop moving like this just because you're getting started in trading..."
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Matt Petrallia, CMT
Matt Petrallia, CMT@theEquilibrium·
If you don't have a crystal clear understanding of your strategy, and the environment needed for that strategy to thrive, then you will remain seduced by "action" until you gain that understanding.
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Matt Petrallia, CMT
Matt Petrallia, CMT@theEquilibrium·
Most simply CAN NOT wait for an environment conducive to their style. 1 - Define what that environment is. For me, Follow Through IS the environment. 2 - Address the battle going on between your ears, fueled by the noise you ingest. That’s where your struggle usually lies.
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AsymTrading
AsymTrading@AsymTrading·
Stocks with momentum always have relative strength, but stocks with relative strength don't always have momentum. Knowing the difference is important.
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AsymTrading@AsymTrading·
@humanityisone1 The method, just like the market, is fractal, meaning it can be used on any timeframe. You have to understand the dynamics and tradeoffs of using this on a 60 min versus daily versus weekly.
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AsymTrading@AsymTrading·
@GNapatov My entries are the same as most of my trades. I trade breakouts on price/volume expansions above tights congestion areas. $UMAC I was stopped out of once, but reentered. The market has been lacking follow through lately so not surprised you've been clipped out a few times.
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GordonNapatov
GordonNapatov@GNapatov·
@AsymTrading May I ask your entries for RCAT and UMAC? I have not found an entry for RCAT, as I was more focused on UMAC on Monday. UMAC I have tried multiple times this week but stopped out b/e each time. And b/e stop with ONDS today. Frustrated right now 🙃
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AsymTrading@AsymTrading·
Some things developing but keeping it light.
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AsymTrading@AsymTrading·
Tech continues to hold here while other groups are breaking down and making lower lows. A breakout above declining moving averages would confirm that relative strength and put the group in a better price/trend position.
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