SeanLacap

Hi Axl, from talking to you in the chat room these last few weeks, I understand that you are focusing on First Green Day plays, specifically afternoon short squeezes. I am trying to master that set up too. I have attached an intraday chart, this is MARA from March 12, 2018. I have certain ideas about this chart, and would like to know your opinion. Is this your ideal intraday chart on a FGD, and which candle would you buy?

axlk
axlk Oct 25, 18 3:36 PM

I would buy it when it makes a nhod at 2.1 at around 13:45. it perfectly comes back and resistance get support and off it goes

SeanLacap
SeanLacap Oct 25, 18 3:41 PM

@axlk Interesting, I know you like to buy later in the day for more consolidation and more shorts to collect. If I were looking at this chart every minute of the day, I would have been very interested to buy the first huge green candle at around 13:15, small size, wide risk, and maybe add at HOD break.

axlk
1
axlk Oct 25, 18 3:52 PM

This one looks like an ABCD pattern. I'm focused on o/n plays and in most cases it's a first green day too which I mostly buy in the last 90min but sometimes there are plays you can go in earlier - most of the time near midday

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SeanLacap

So after a year in the challenge, I have drawn my account down to $1,150 USD. I took several months off to tend to my real estate business. I have started learning in earnest after I attended the Tim Sykes Trader Conference that ended October 1st. Determined to start growing this account.

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SeanLacap

First trades in of the challenge. I started on Nov. 23, 2017, with an account size of $10,000 CAD, or $7,864.11 USD after currency conversion. I'm excited to learn this material and to make some real moves!

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