 It's nice to have you back with us folks for another brain picking recap on one of the trades that we placed this week and it might not be the most powerful one. We had multiple high runners but this one is something that I will typically look for and many, many plays are like this. So it needs patience, it needs news, it needs volume and it needs some sort of planning and this is what I want to show you here exactly how I plan to trade ahead of time. So this is CRM Salesforce. It had news on that morning and I believe it was Wednesday morning. It had news with Amazon. We thought it could move higher, quicker. So what I do, I open the chart up and look what's happening pre-market and pretty much this is what's happening pre-market. Here is the pre-market activity on Salesforce and if you see from the previous day, you know, see this high line, we're not going higher than the previous day high. So basically, if we were opening, you know, in this vicinity, you know, a dip to the previous day high or some sort of resistance somewhere, a support, it could move back up. But we have not crossed this line before the, in the pre-market. So this tells me there's not much strength in it so far. So what I do afterwards, I'll take this line and I see this 24086, which is the low of the day and I'm looking at it and I'm like, okay, where does this go for? Where does this come from? I mean, I put the one hour chart and oh, look at this here. See on this one hour chart where it actually doesn't want to get. It used to be resistance here, resistance there, see, boom, boom, twice resistance and then over up, bounce, bounce. I mean, this is the one hour chart. So position is not super precise bang on the line, but you know, we're pretty close to it, right? On it again, on it again, on it again, on it again, on it again. I mean, I mean, this line is very strong. So what I do, this is one hour chart. It tells you that this 240-ish line, 241-ish line is pretty strong. So and after that, I'll go for the one day chart, move back, see how strong this line is. Oh, this is a little different, right? There was a big gap here that we jumped down below. So basically there's not much. If you look here, there's some sort of support. Here's not clear, but here is support before the drop, right? So basically now we have bridged that gap and we're not quite there yet. So on the one hour chart, it's pretty strong. On the one day chart, it's a little different, but it's the line that used to be there. But after that, I will look at the MagD. Look at the MagD, how the MagD is crossing down. So does it look like we're starting from, let's say, here's the bottom, right? Here's a cross at the bottom. We're crossing bottom. You're quite confident it's going to move up to a line like this. However, when you're crossing atop like this, you see that it's not like we're doing this, right? No, we're moving back down. Here's what happened. Here's what happened. Here's what happened. So pretty much it looks like it wants to move back down. However, the rest is doing the same. The stochastic is already moving down. The RSI is moving down and these are the Belinger bands. They're not in the chart. These are below, so my chart looks a little bit cleaner. But these are Belinger bands. They're closing in together. The TTM Squeeze, if you guys are using that, it's slowing down. So all the points are showing that we might pull back a little bit. However, the one hour chart to me really looked like there was strong support. Let's go back to the five minute. Five minute on Wednesday is this particular chart. So like I said, this is the high of the previous day. This is very close. We're not above it yet. So what we're trading is this. At the gate, we're not even bullish for anything. It starts pulling back. Where does it go down to? Goes down to a certain point and gets bought with volume moving back up. One could have decided to jump in right away. I didn't. And then he moves in on that second bottom. This I believe was 241 pretty even. Now this was double bottom, very close, lower than this area, but very close to the bottom that we have there. What does that tell you? It tells you that this is the final low. If we go below that, we may think that we have to pull out of the trade because the bears are going to take over the bulls. However, bottom one, bottom two. And then we looked like we were climbing and then lost some steam and then went to grab within one penny of the previous day low. And then this is when I shared in chat that there was nothing to worry about because we were bouncing on the previous day low and then we started rising and rising until the end of the day and it was good for a swing. Now I said the target, I was bullish on the play for a reclaim of this channel. See this was the bottom of the channel that I shared on the one hour chart and the top of the channel is this, right? And I said as soon as we get to 244-ish and I believe it was more in this area kind of thing. The top of the channel to me would be a reclaim that I would be happy with. Pretty much what happened and on the next day, which opened up being here right on target, we closed on our first target that was called in chat. So basically here I decided I was buying the following week given enough time because this is Thursday and Friday. We're taking out of the money. I went for the 245 calls on the following week and we bought that for 190. On the 244 target, we sold for 271, which isn't bad. And I sold partial. When I sell partial, I can sell 50%, 40%. Depending sometimes I can sell 80%, but in this particular case, if I recall, I sold 40% of my play. And so this is leaving me with 60% left. And the second part, I sold half of it. So now I have 30% left because I'm selling half of that 60. And I sold half of it for almost 100%. And this was at 357, 357 when we were rising up in that direction. And the good thing about it is now it becomes a free trade because we've taken most of our money out of it. It went to 247, 59, 69. And then it's coming back down again. And it's higher than the low. If it goes red, we're still OK because we took most of our money out. But the moral of the story here is this. Let me get rid of this here. This is where Friday it went, still for a higher low, very close to that bottom. See, Friday morning it opened right here on the remaining of opposition, very close to the low there. We're still inside the channel that we traded on the previous days. So the idea is you saw we weren't super bullish on the one day trade. So you have to keep in mind that you have to take your money out as soon as you see it, as well, most of it, because the trend and the one day trend looks like it wants to pull back. So you don't want to stay long because you don't have much time in a week, you probably will not turn around as you expect or as to go to the moon. So keep in mind, you're not trading from the bottom, you're already choosing from the top. You're expecting a breakout, which it did here at $247.69, but not quite. It was pushed back down again. So things to look for is exactly what I did. Well, it's not what you have to do, but this is pretty much what I do. So first thing, I look at when I see there's news in something, where are we opening? So you look at the open higher or lower than the previous day high, right? How is it? Does it look bullish? If not, you have to draw a line at the previous day low because that's pretty much where our balance could be. Now in this particular case, the support was on the previous day low. And if you draw a line on the one hour, I look at the one hour and I look at the one day and I look for support. Is there a common denominator on that or not? In this particular case, the one hour was pretty strong. The one day was not anything very fancy. Sometimes you'll see that there was a previous balance, previous support, but in this particular case, the one hour was pretty strong. So basically it's telling you that it will probably bounce on that line when it touches it. If it doesn't, well, that's your get out of the trade line. So it's pretty much your stop out. And because it's your entry, you're very close to the stop out line, so you don't lose much, right? And taking a week out, premiums will remain pretty strong when it starts dropping just pennies off your entry point. And target is at the top of that channel where you're expecting the break out. That's where you take partial profit because as soon as you start bouncing off the bottom and then you start reaching the target, you know, it might either consolidate or like in this particular case, it faked you out thinking it would break out, but not it came back down afterwards. So on target, you sell a good portion of your play because you're happy with it. All this is dreaming, you know, it's you're dreaming about something that could happen, but this is not what you traded for. You traded for some, you're entered here for a trade that was going for 244 here. If you get this, this is gravy. You got more than 100% or this is great. So if you're happy with the whole thing, fine, if you think it's going to go forever and you lock, you don't lock any profit, well, that's greed taken over. That's not what you want. So the plan was to enter low at support, exit on target and whatever the rest was, I exited half at 100% and this creates a green trade because what I have left is free, made my money out of that trade. So this particular trade is something that is very common. You look at the previous day, you look at support from the previous day, resistance from the previous day, you look if there's a common denominator on one hour on the one day, obviously this has to be played on momentum with news volume, otherwise it's just kind of sideways and it's going to burn premium and not go any direction other than just, you know, wherever the wind takes you. So whenever you see there's a possibility for a play with volume and news, look for this kind of play and you may end up with something that is pretty good. So I hope you're learning from something from this folks and I'm glad to be sharing it with you, sharing it with you. Have a good one, folks.