Beyond Technical Analysis
Opening (IRA): TLT March 21st 84 Covered Call... for an 82.72 debit.
Comments: Laddering out into 2025 at strikes/break evens better than what I currently have on, looking to snag January, February and potentially March dividends ... .
Metrics:
Buying Power Effect/Break Even: 82.72/share
Max Profit: 1.28
ROC at Max: 1.55%
50% Max: .64
ROC at 50% Max: .77%
Opening (IRA): XBI February 21st 85 Covered Call... for an 83.01 debit.
Comments: Adding at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 83.01/share
Max Profit: 1.99
ROC at Max: 2.40%
50% Max: 1.00
ROC at 50% Max: 1.20%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
Opening (IRA): IBIT February 21st 50 Covered Call... for a 47.07 debit.
Comments: High IVR/IV (88.4/68.6) + weakness post-FOMC. Going out to February, as there are only 30 DTE left in January, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Looking at this as a "starter" position, so will look to add at intervals, assuming I can get in at strikes/break evens better than what I currently have on.
Metrics:
Buying Power Effect/Break Even: 47.07/share
Max Profit: 2.93
ROC at Max: 6.22%
50% Max: 1.47
ROC at 50% Max: 3.11%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
SHORT AUDUSDKeeping in line with the current bear trend, I would anticipate price looking to reach for levels below 0.62672. Currently short in profit at 42 pips, total target would be for 150. Although we've been ranging for the past two weeks, price has slowly but steadily been shifting downwards. A key area of interest was taken out when we crossed below 0.63500, no real bullish pressure resulted after reaching below that level. Take note that bullish volume strength has been significantly lower compared to the bearish levels. My take is this market is going to keep trending downwards a bit more. Let's see what the next couple of weeks has in store!
CELH - Reload opportunity?As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
NU - Value Play of the DayObviously a lot can change within the next 20 minutes as Powell prepares his monologue... But just a value play here with NU Holdings - they've shown extremely strong growth over the past few quarters and I believe they continue that growth into next year when the market heats up again. Looking to average into a position here within the $9.50-$10.50 range.
Happy Trading :)
Satoshi- Over time, everything diminishes, including opportunities.
- You won't achieve the same percentage gains as those who joined in 2011.
- However, when you calculate and compare these numbers with inflation, you'll find yourself consistently on the winning side.
- One day, people won’t measure value in BTC anymore. They’ll measure it in Satoshis.
- It's still early, secure your financial freedom.
Happy Tr4Ding !
Pre FOMC View and a follow up on the USDJPYCheck out the Previous Bias on the Pair and follow through, Still expecting high volatility in the market and I believe this volatility could come from the FOMC Release.
Do well to take some partials from the second entry @154.50 and leave the rest based on our risk well calculated. Do the same on the GBPUSD Buy positions
Patience is the way! Ieios
Unlock Hidden Profits: Pro-Level ETH/USD Price Action TechniquesBITSTAMP:ETHUSD @Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):
Upper OB: Around 4,020 USD
Lower OB: Around 3,830 USD
Break of Structure (BOS):
BOS Level: Around 3,830 USD
Change of Character (CHoCH):
CHoCH Level: Around 15th, 16th, and 17th of the month
Fibonacci Retracement Levels:
0.786 Level: 3,984.661 USD
0.705 Level: 3,962.3925 USD
0.618 Level: 3,952.993 USD
0.5 Level: 3,930.75 USD
0.382 Level: 3,908.507 USD
Fair Value Gap (FVG):
FVG Level: Around 3,830 USD
Volume Profile:
High volume areas around key levels, indicating strong interest and potential support/resistance.
Buy Strategy
Entry Point:
Consider entering a buy position near the lower OB around 3,830 USD, especially if the price shows signs of reversal or bullish candlestick patterns.
Stop Loss:
Place a stop loss below the lower OB, around 3,800 USD, to limit potential losses.
Take Profit:
Target the upper OB around 4,020 USD or the Fibonacci levels for potential profit-taking.
Sell Strategy
Entry Point:
Consider entering a sell position near the upper OB around 4,020 USD, especially if the price shows signs of reversal or bearish candlestick patterns.
Stop Loss:
Place a stop loss above the upper OB, around 4,050 USD, to limit potential losses.
Take Profit:
Target the lower OB around 3,830 USD or the Fibonacci levels for potential profit-taking.
Conclusion
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels.
Happy trading! 📈📉
If you have any more questions or need further details, feel free to ask!
Follow @Alexgoldhunter for more strategic ideas and minds
USDJPY new bullish for expect
FX:USDJPY trend based analysis, we having in period from 1.12 - 9.12 ROUNDED BOTTOM pattern visible, price is make break of same and confirmation of same (yellow line) and its make short bullish push, currently price in consolidation, its on strong ex. zone 151.800 (violet line).
What here expecting after todays and past events in this week, still looks like we will have strong USD and here exepcting to see new bullish push.
SUP zone:151.450
RES zone:154.550, 155.050