Today’s video is about scalping off the Level II screen. There is a tremendous amount of misinformation when it comes to level II trading. However, it can give you unique insights into a stock’s price action. Yes, there is a lot of deception happening, and you can’t use Level II to analyze every stock. But if you know what to look for, you can make big bucks trading order flow.
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A choppy few day consolidation may not be providing the crazy action we have seen recently. But it is creating better setups for options into earnings reports. Smaller ranges and lower VIX = IV crush and cheaper options overall.
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In Sami’s opinion, you can’t succeed unless you understand this simple, but fundamental concept. Stocks can correct in 1 of 2 ways: through time, or price Correcting through time is usually preferable because it’s an indicator of strength (or weakness if it’s a bearish stock basing a the low of the day). But here’s the real thing to watch: when this pattern happens to form on a bearish gap down with a base just under a declining 20ma, look out below! Get this weapon, and add it to your arsenal now:
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Sami starts this week’s swing trading blueprint by giving a quick lesson in relative strength using QQQ. See what told Sami not to get short, and see what his line in the sand is for judging the trend. Then, get a look at Sami’s swing trading ideas for this week, including CFRX, DRYS, HCLP, and SGH. d
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Sami Abusaad | Strategic Day TraderStock prices can only correct through price (by pulling back) or through time (by going sideways). In this highly educational video, we are going to discuss price correction. Sami will share with you his second favorite pattern of all time, what it means, how to play it, and why it is so powerful. P.S. Earnings Season is still going strong. Be sure to check out this FREE Earnings Season resource: The Ultimate Guide to Trading Earnings Season
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It’s deja vu all over again. I highlighted the multiple similarities between FDX and STZ as each approached earnings and STZ’s ugly move today cemented the comparison. It’s time to think less about up or down for the stock and focus more on what the options are saying.
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Sami Abusaad | Strategic Day Trader”The market speaks loudest in failure patterns” is as true a saying as it gets on Wall Street. The Shakeout Bar is the ultimate failure pattern as a stock tries to break out from a bearish base, only to get slammed. It signals that traders got caught. It also gives us a solid entry (under the bar’s low) and a secure stop (above the bar’s high). Then, click right here to learn about Sami’s all-new Earnings Engine class. Click to Join Earnings Engine ==>
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Sami Abusaad | Earnings Engine ClassLearn the common mistakes that most traders make when trading earnings and see everything Sami’s been doing right in trading earnings. Plus, get a look inside his simple, proven process for trading earnings. Then, click right here to join Sami’s all-new Earnings Engine class. Click to Join Earnings Engine ==> P.S. Earnings Season is still going strong. Be sure to check out this FREE Earnings Season resource: The Ultimate Guide to Trading Earnings Season
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M and a slew of the brick and mortar Retailers are officially on watch for holiday sales updates. Last year there was an incredibly busy stretch of Retail numbers the first 2-3 weeks of January so we entering that window now.
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If you are surprised by all the wild swings in stocks today you shouldn’t be! The JPM Health Care conference is one of the biggest events of the year and companies announce when they are presenting so doing a little homework gives you a calendar of potential trade ideas.
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