Unraveling Winning Trades: Barrie Einarson’s Dive into Market Success
Unraveling Winning Trades: Barrie Einarson’s Dive into Market Success
Feb 28, 2024
By Barrie Einarson
Hey there, traders! Barrie Einarson from Trade Ideas here, and I’m excited to break down our latest edition of “What Makes This Trade Great.” Today, we’re going to dissect a trade that’s got me all fired up, straight from the magic of our AI scans. To Subscribe: https://go.trade-ideas.com/SHQ
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So, we kick things off with the AD IL – you know, our Artificial Intelligence scans. And folks, let me tell you, this isn’t just another trade. It’s got a whopping 114 RA (Relative Alert), and I’m itching to show you what went down.
At the 41.14 mark, we got this sweet alert, painted all cool in blue before any pullback happened. The thing took off like a rocket, hitting a high around 247 before deciding to take a breather.
Now, here’s the real juice. As it’s making its way up, I spot a crucial moment at 177 – that’s the VWAP (Volume-Weighted Average Price). I drop a hint in the room, telling everyone to keep an eye out for a VWAP retest. Lo and behold, the stock comes back to say ‘hello’ to the VWAP, creating a sweet opportunity for those paying attention.
Alright, let’s address the elephant in the room – the market’s choppy right now. It’s like riding a rollercoaster. But hey, adaptability is the name of the game. Things might be wild, but staying sharp and rolling with the punches is how you navigate these choppy waters.
Now, check this out – I want you to focus on these relative strengths. I’m pulling insights from leaders, especially from the open AD IL. It’s staring at you right in the face all day long. Don’t blink; you can’t miss it.
Alright, everyone, that’s a wrap for today. Go have a fantastic evening, and I’ll catch you all tomorrow for more market adventures. Remember, happy trading, and stay tuned for more insights from yours truly at Trade Ideas