Trading Block

Trading Strategy: Trading Notes: Wednesday is one of the biggest FOMC days of the year. At 2pm eastern, the Jay Powell and the Federal Reserve will lay out just how aggressive they intend to be with the tapering, and future rate hikes. No one expects any rate hikes at this meeting, but whether it will start

Trading Strategy: Trading Notes: It has been quite the dry spell in terms of new trades, but if you look at the charts, $SPY and $QQQ are basically trading at the same place that they were at back on November 3rd. $IWM is in the same spot it was in back in Jan/Feb of this year.

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs

Trading Strategy: Trading Notes: Another major gap this morning, this time to the upside and building on yesterday's rally. Key here is not to give up the gains in the first 30-minutes to an hour of trading. I'm looking at adding long setups as well, but won't chase price action here either and because yesterday and

Trading Strategy: Trading Notes: I'm not adding anything else just yet to the portfolio. I finally managed to add a new long position on Friday (which actually acts as a short position on the market), but I want to avoid the mistake of getting too aggressive in either direction in the market right now, while the

Trading Strategy: Long: ProShares SHort S&P 500 ETF (SH) Ideal Entry: 14.30 Stop-loss Option: 13.76 Target: 15.79 Risk Rating: 3.5 SH: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs

Trading Strategy: Trading Notes: Considering the massive gaps higher and lower over the past week, holding off on any new long positions has spared me of a lot of unnecessary pain, while it is boring, it is much better than having bought the dip so far. Why I'm not getting short this week, is because we