ShadowTrader Weekend Edition | May 4, 2024
2024 ж. 22 Мам.
8 314 Рет қаралды
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In today's video:
-Monthly charts of SPX, NDX, RUT
-Important technical event on daily charts of majors this week
-11 SPX Sector Analysis
-A big losing trade I had this week and what we can learn from it
-Trade ideas in AXP, ADBE, BA, NFLX, and TGT
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Twitter - / peterreznicek
#stocks #tradingrooms #futures #daytrading #options
I follow Peter since covid19 years ago and I amaze he is not just experienced trader but honest one and the last one is hard to find
Peter, I think its great that you highlight a losing trade (which can hurt to talk about). It's a great learning opportunity so your humility is much appreciated. Every trader has losing trades. Good traders make every effort to learn from them so thank you for sharing your thought process.
Finding Peter is one of the best things that has happened to me. No false promises of easy money, just real smart trades and lessons.
Thanks Peter for the entire analysis, as well as the explanation of your trade and trade management. I did not take that trade at the time of the alert, but I heard your commentary in the options advisory. I prefer futures trading, and I actually think you talk more about futures in the room than you realize, which is why I am there. I may have to consider checking out the new futures room, although I wouldn't want to miss your morning discussions in the options advisory.
Oliver made my morning. 🐰 8:25
Thank you Reznicek and Shadowtrader team. I didn't take your exact trades but the credit goes to your shared insights. Very green week, I wish y'all a blessed weekend!
That hourly candle looks like a classic stop run. Given the long wick, clearly (in retrospect) long-term players didn't want price to go down. Very good point on the psychological factor(s) influencing the management of the trade. Great learning lesson.
Thanks Peter. I lost quite a bit the past few days on micro Nasdaq (I'm a directional trader). Next time I'll hold off on these announcement events and wait for price to play out more.
Great videos. Dont watch many on youtube but i do like what i see here. The rabbit is brilliant! I think the bunny said sell the rips.
This is actually called ‘look below and failed’ by many professional traders. That’s why you want confirmation of the lows being broken by a LH in a smaller time frame (eg 5 minutes). Of course I made such mistakes and it’s easier to comment after the fact. We actually learn a lot more from failed trades than from perfect working trades as many videos of SMB and it makes me crazy. Really destroy beginners in this profession. 😊. Thanks for sharing ❤
I am very familiar with "look below and fail", but it's more of a term used for a more defined balance area. I didn't see this as such but that's what makes a market.
@@therealshadowtrader Peter, you are, as always, very gracious. I commend you for that.
When you showed the Daily charts of the SPX and NDX I saw huge Bear flags.
For your losing trade, where you shorted, 5036 happens to be the VAL of the 3 weeks Volume Profile. And that 3 weeks VAL was tested twice tested.
Nice Video Peter. Those charts with white background look great. I think using white background charts in the trading room would be a good idea too.
But we thought that you were bullish that weekend you said to go along American Express? Confused
Thank you for your analysis. Greetings from Poland
I like your bunny; we have 2 of them. 🤪
Awesome stuff! I had a pretty good week, up 4.5k
Nice commentary on $AXP but I think $V is in play next week as well!!! Thanks
That hourly bullish hammer would have kept me out regardless of the low break (was probably a stop hunt).
Always appreciated Peter
You really know how to manage options, so awesome... High volatility with earnings reports is most difficult.
Thanks a lot Peter.
Oliver!!! 👍
What about "Beautiful downtown Philadelphia?" Not there any more???
awesome! TY!🥰
Peter "the Options Don" Reznicek killin it as usual with the TA. Man put that sector percent change script for TOS on the website for sale. I could probably find somebody to write it for me but I'd rather give you a few dollas. 😃
Charts are reflecting the news. Lately, lot of cross currents so breakouts, up or down, are suspect.
Peter, why don't you show 50 DMA? Per my observation indices were knocking on that Friday but couldn't go through and it's going to be a key resistance area that will set stage for a downward move.
Can you please look at HSI futures? Liking your videos. Keep up the great work.
Thank you for your great analysis and commentary. I am confused though regarding you comment that XLE is "bullish". I know that it HAS been bullish, but this week I see that price is below the 20dSMA and is now sitting on the 50dSMA, the 8dEMA just fell below the 21dEMA, and it is in a down draft while SPY and QQQ are dramatically rising. So I don't see any reason for a bullish reversal at this time, and lots of reasons for a continuation of the down draft. But like you said, maybe it is just a minor pullback in the context of a very strong uptrend. But forgive for being skeptical until I see some sign of a reversal.
Peter, Thanks for your videos. Question: From your 1500+ trades and profits of ~197k, which averages out to roughly $130 per trade, what % can be factored into slippage and commissions? More importantly, what is the average risk/reward for each trade?
22:43 I don’t see the 21MA only see the 5MA what is the blue line?
That damn low got me very puzzled. Fortunately, I kept stops tight and came back to my senses pretty fast. Tons of shorts trapped and getting squeezed... Green week though but very puzzling.
Peter, I've always appreciated your analysis. Although I still think 4800 SPX is still in play for the next week or so. We are right at the 5130/5147 area, which is ripe for a turnaround, and the Vix bottomed out. But with the FED and their fraud lies, and the breakout fake outs, who really knows eh :)
could be at some point but for now current price action doesn't seem to point that way.
Feb 20th 4,975.51 filled .......
What are the two MAs ? 20+50 ?
8 and 21 ema
H pattern, Peter! 😉
Oliver is a market maker lol
Where was the special guest you promised today?
coming next week
Hilarious to see the comments from all these robinhood traders who are now experts 😂😂
Never thought i would actually, possibly teach you something (2 somethings actually) but here goes: 1) Always wait for a 2nd day for confirmation, and 2) Wait for candle closes. As soon as you said in the prior video, and I'm paraphrasing, "as soon as we get 1 close above the trendline, I'm going long" i was like oh no.
I agree. In my way of thinking, the backtest needs to hold. Sometimes price will never backtest, and it just keeps going, but that is the price you pay to wait for a better risk/return entry on a "breakout". But I guess that really is more of a personal risk/return preference, no right or wrong, per se.
oliver doesn't care!!!!!!!!! cute
Obviously Oliver does not care
Totally. It's all about the next meal and not much else.
you can say you made it when you stop watching all the KZhead stock market review videos.. I stopped after 59 seconds ....
i dont know how you make money off od this bullshit
You buy things and you sell them for more than you paid. You also sell things and then buy them back for less than you received.