Long Set-up in Activision Blizzard

Added on by C. Maoxian.

ATVI was one of the most active things I was watching on Friday morning ... it gapped up big after-hours on Thursday following an earnings report ... unusually active means it gets on my radar looking for idiot wave set-ups, as I've explained in a previous post.

I was visiting a new local casino when it set-up during the lunch hour, so I didn't see it in real time, but it's pretty enough to post here after-the-fact. It didn't hit the target during the day on Friday, but it would have been a fine play to close at end of day and something to keep in mind as we go into next Monday.

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Long Set-up in Hassenfeld Brothers

Added on by C. Maoxian.

HAS first lit up the scanner as it 1) gapped up pre-open (on earnings), 2) made a new yearly high at the open, and 3) became unusually active at the open, then at 9:34 AM, and finally at 10:55 AM.  This means I put it on my "idiot wave" watch list, and open the 1-minute, 3-minute, 5-minute, and 15-minute charts on one screen to look for low risk set-ups. 

The unusual activity into 10:55 AM was actually a dip which formed a zig zag on the 3-minute which was playable. A masterful (i.e., lucky) entry could have been $93.75 off of the 1-minute chart, but more realistically entry off of the 3-minute would have been $94.14 with the same stop (below $93.30). Target was $96 and high change so the initial risk/reward was acceptable (not great, just ok, gets the green light).

Now this trade didn't work in the end, it was a scratch, no harm, no foul ... but the important thing is the thinking was good, and from the masterful entry you could take something off and carry the rest into the close with a breakeven stop, something like that. I've been out of the game for long enough to be rusty, but I'm just sharing my thoughts, and am happy to hear yours. 

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Chairman Recommended: Slippers

Added on by C. Maoxian.

I am almost completely housebound during the winter here in Appalachia and only leave to:

  1. Take the kids somewhere (school, swimming, art lessons, etc.),
  2. Buy groceries,
  3. Play poker. 

So my indoor footwear is very important and I use LL Bean's aptly named Wicked Good Scuffs III. I love them because they:

  1. Have rubber soles,
  2. Are made from soft sheepskin and are shearling-lined (Australian sheep),
  3. Are scuffs ("a flat-soled slipper without quarter or heel strap").

I'm at the advanced stage of laziness where all my footwear must be easily slipped on and off, so I slip out of these moccasins and into my slip-on boots when I go outside (to get the paper or put out the trash) and then back in again when I come inside. I wear them all day every day -- highly recommended by the Chairman! 

(See this post for my recommended summertime footwear.)

Pretty Set-up in the Biotechs

Added on by C. Maoxian.

I'm going to be trading a bit more in 2017 now that baby has started Kindergarten and the house is quieter in the mornings.

Yesterday (1/31/2017) the scanner alerted me to the fact that XBI (the S&P Biotech SPDR) was unusually active around 9:48 AM. I always keep an eye on the recently issued LABU (the Biotech 3x Bull fund based on XBI) these days since it's already fairly liquid and the leverage makes it a decent trading vehicle.

I like to see low risk, high reward set-ups based on the zig-zag "idiot wave pattern," and one thankfully appeared at lunchtime in XBI/LABU off the five minute chart. I might not have been looking as hard at LABU if it hadn't been for that early in the day alert on XBI. 

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I'll Leave Him Just For You

Added on by C. Maoxian.

Love Lucy Rose's Shiver ... great stuff. She was born in 1989.  

Don't forget to subscribe for more Crypt Sessions: http://bit.ly/cryptsessionssubscribe Watch Lucy Rose perform 'Place' here: http://youtu.be/YxEJiO-pFvM Watch Lucy Rose perform 'MIddle Of The Bed' here: http://youtu.be/7vMiMK9xUeY Lucy Rose performs 'Shiver' for The Crypt Sessions ----------------------- What can we say about Lucy Rose?