davidthetrader3's profile picture. Full-time professional day trader 12+ year Veteran.I trade for a prop trading firm. Series 57 Licensed trader.#Crypto #Stocks #Futures

David The Trader

@davidthetrader3

Full-time professional day trader 12+ year Veteran.I trade for a prop trading firm. Series 57 Licensed trader.#Crypto #Stocks #Futures

Japanese Yen to 160+ easily

Japan re-opens tomorrow for the first time since March 2020. Only a few real changes since then. The first is masks are more or less worn at all times in public. But the good news is there's far more hotels thanks to the Olympics, so travel should be easier and cheaper.



Two inside days in markets. Failure to recapture 4180 leads to 4100 #SPX


David The Trader hat repostet

Trading doesn’t reward impulsiveness. It rewards consistency.


David The Trader hat repostet

Trading is a journey of oneself. The more you trade the more you realize that trading is a game of emotional control. If you can master yourself, you can do anything!


$VIX signaling something is amiss. Jackson hole this week I’m in the sell all rallies camp unless they rip $SPX higher above 4400 with some authority.


#SPX undercut 4150 needs to recapture 4175-4180 area if this is a new wave 5 higher. Time and wave counts all over this area. If we break lower watch out


today's gap down in $MSFT leaves an Island Top reversal. #bearish trade accordingly


Covering here at 3800 140 point trade. $ES $SPY


Getting to 3800 faster than expected $SPY $SPX


Trim and Trail $SPY short. Hold a runner against todays high. Could get legs to 3800 this week.


Shorts working typical Tuesday book some here $SPY


Thinking about going short here. $SPY


David The Trader hat repostet

Premarket plan 🌄 $SPX if it holds above 3700 we should see a bounce towards 3838-3960. SPX fails at 3645 we see a drop to 3588 $TSLA next time it fails at 629 it can drop another 75-80 pts. Needs back through 700 to set up for 752+ $AAPL if it holds 132 it can test 138


Gap and go to fill the 3790 gap? $ES or gap and fail? $SPY


Market will probably fill its gap regardless of the hike. The question is how soon will downtrend resume after filling.

We'll see tomorrow but.. 50bps - Market Will Tank Hard 75bps - Expect gaps on the upside to get filled $QQQ could rally back to 300 but fall apart again next week 100bps+ - Market Tanks hard for the week and start the recovery Next week as bottom will be in. $SPY Thoughts?



Market in holding pattern ahead of fed rate announcement expect volatility. $SPY $NQ $IWM


$ES $SPY Resistance at 385-390 area see how it reacts if it gets there trade accordingly.


$AMZN so far has topped out on split day as my analysis expected. Just made it more liquid to sell by splitting.


$AMZN stock split is making the stock cheaper for retail investors to purchase thus increasing trading volume and liquidity. Perfect conditions so that the big boys can dump on you with limited slippage. #Investors


$MSFT guidance being lowered was due to foreign exchange means nothing about the business. That’s why market didn’t care.

WHEN $SNAP LOWERED GUIDANCE THE MARKET DROPPED 5% WHEN $MSFT LOWERED GUIDANCE THE MARKET WENT UP 5% LOOKS LIKE SNAPCHAT IS MORE IMPORTANT THAN MICROSOFT RIGHT ???



Loading...

Something went wrong.


Something went wrong.