Stalking prey in leading themes and momentum stocks. Focusing on the weekly timeframe to eliminate the noise. Price action decides if I enter.

Southern California Native
Joined October 2014
This was re: $PLTR breakout last Friday. SA situational awareness as taught by @PradeepBonde is so important to know what kind of environment we are in. xitter.cf/PriceActionCat/status/…
Replying to @FranVezz
10-11 month base breakout. If this was a strong market I would hold, but just doing intraday trades on this, $LITE $MSTR $DNA today.
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Here's my chart layout for thinkorswim $PLTR 2 32" screens - 1 with my watchlists and 4 grids with Monthly, Weekly, 3 mo. Daily and 65 minute. On my right is 15 min, 30, min, 5 min, and 10 minute $SPY For intraday trades I rely most on the 15 minute for sideways or pullback setups, rarely taking any trades in the 1st 15 minutes.
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On the right side intraday charts I have the prior day HLC automatically placed on using a script I found online and a 9 EMA on the 5 minute.
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Also, I use a script to color the inside candles so that they stand out - I focus alot on inside candles on every time frame. Light blue closed positive and magenta closed down.
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$LITE I like this holding above the breakout pivot of the 4 month base.
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Zooming in on the 65 minute $LITE
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"Affordable" makeup co. $ELF has my interest - coming up the right side of a very deep W, first trip to the 10 week SMA after a 3 month climb.
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$MSTR Weekly Undercut and Rally of the inside prior week created a buy at $127 and a stop at the present week low of $123. so much less noise using the weekly. Strong volume up weeks and a higher low + above the 10 week. But the big factor was the group move today.
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Stockbee Market Monitor still nothing to get excited about as far as holding swings.
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Continuing recent trend of more stocks down 4% than up 4% from @PradeepBonde Market Monitor.
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$COIN @OliverKell_ Cycle Of Price Action as applied to the weekly timeframe. I came across my past daily chart markup of COIN while going through weekly charts and it applies just as well. I have the 5 EMA in yellow and the 10 SMA in gray shown.
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Interesting to see @PradeepBonde Market Monitor Thursday's +4% gainers weaker than I thought would be. The previous day's were better.
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$FROG Stopped on raised stop at breakeven - broke the 30 minute candle low, no persistent buying this day 2 pullback.
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$AFRM Not a bad looking daily chart VCP type structure, but market just isn't enthusiastic about it so far.
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$PURR fizzling, may be better to wait for sideways action after strong move up. Will prob take a small loss on it the way it is weakening.
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Price Action Cat retweeted
I looove this suggestion by @brucelee of how to think of the past, present and future.
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Price Action Cat retweeted
“If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them.” -Bruce Lee
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