TradingBandito06

XME - Long with RAF Extreme and 21 Prop - Likely 2/7/23 Only

Panjang
TradingBandito06 Telah dikemas kini   
AMEX:XME   SPDR S&P Metals & Mining ETF
G/G trend with RAF above Extreme means buy between 13/21 Propulsion/Moving averages.
Need a pullback between MA with RAF above Extremes. If RAF dips below extreme, we will change to a minor low breakout buy.

21/34 Prop dots
Volume Profile in this area.
Vscore support in this area.
Aggressive Buy.

Buy @ 56.30
B/E @ 57.20
Profit @ 58.50
Stop Loss @ 25%.

17March23 56 Calls have 594 Option Interest. So, watch the spread when you buy on the pullback.
Komen:
Missed this move today due to work.

RAF is still > Extremes. May try to buy again on a pullback tomorrow.
Pesanan dibatalkan:
Decided to pass on this trade and focus on Starbucks/XLB. Trade is showing weakness and desire to test old volume support levels. I'll look for a minor high break if it sets up.
Komen:
Decided to pass on this trade, but all Miners turned around. Could've purchased a successful Minor Low. Too many trades felt overwhelming. Too many 25% losses.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.