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The Trading Lounge

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7 contributions to The Trading Lounge
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Is the discord more active than this lounge for Oracle?
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$SPY Key Levels to Watch Today
Some key areas to watch today on $SPY. If it happens to break the $549 level and hold under, I think we will see much more downside here. $555 was key support before but now has turned into resistance. If we end up break past this level once again, we could see $560 fairly quickly, I’m leaning more on the short side, but we know how the market goes, sometimes the things that make the most sense don’t happen. Try not to get caught in choppiness between these ranges, it could tighten up a bit. Let’s kill it today guys!
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New comment Sep 20
$SPY Key Levels to Watch Today
1 like • Sep 5
Thanks for providing these today.
Entry/Exits
I am really getting beat up on late entries. I have been trying to wait on the signal candle to close on 2 or 3 minute TF before I enter. I have good levels identified/drawn on the chart so not trading close to price moving close to these. It seems this week as soon as I get into some profit it starts chopping and I close out. Anyone want to share any productive strategies? I sometimes think I am using too many items on the indicator and looking at a very confusing chart.
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New comment Aug 23
0 likes • Aug 21
@Stephen Thomas Thanks Stephen. I have not used limit orders only market.
Bullish today… Again?
SPY - Jobless Claims 1.864M Vs 1.88M Expected, 1.875M Prior US Initial Jobless Claims 227K vs 236K Est. Retail sales up as well in July. Could see another bullish day here, still has quite a bit of room to run up to the next semi strong resistance zone around $555. Possible short term resistance around $550-$551 so just be careful around those areas. This market is unhinged 😂 we know how quickly things can turn around so stay vigilant. If market can get a push at open, expect to see $550+ today, possibly much more if it can break through $551. Let’s kill it today guys. ✅
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New comment Aug 16
Bullish today… Again?
1 like • Aug 16
Weird day sort of like Monday. The slow movement on the uptrend is hard to trade. Always waiting on a pull back but price moves so slow I get cross eyed looking at the screen so long and waiting.
Back to back divergences
I've been paying attention to @Andy Pavlatos and I actually caught these divergences as they happened today. I traded the first one and was done for the day, but watched the second one unfold as well.
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New comment Aug 15
Back to back divergences
0 likes • Aug 15
@Josh Titus good entry. What time frame is this chart?
1 like • Aug 15
@Josh Titus Thanks. Appreciate you sharing that.
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John Burchfield
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14points to level up
@john-burchfield-6735
John Burchfield - Tennessee

Active 4d ago
Joined Aug 14, 2024
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