LULU short

LULU pi RSI is at 100 on the 1hr chart. A short entry trade is on my radar. Especially going into next week's macroeconomic Calendar events.

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comentarios:

LULU 9/16 expiry options data:
Put Volume Total 318
Call Volume Total 403
Put/Call Volume Ratio 0.79
Put Open Interest Total 22,727
Call Open Interest Total 16,127
Put/Call Open Interest Ratio 1.41

Comentarios:

LULU 10/21 expiry options data:
Put Volume Total 539
Call Volume Total 828
Put/Call Volume Ratio 0.65
Put Open Interest Total 4,318
Call Open Interest Total 4,555
Put/Call Open Interest Ratio 0.95