This content details a successful intraday trading strategy focused on an opening range breakout in Square (SQ), demonstrating that profitable trades can be found even in a volatile market by identifying and capitalizing on specific technical levels.
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hey guys Brian from bear bull traders
here it's Friday April 20th just thought
I'd go over trade we did in the room
this morning I was watching three stocks
one was Skechers skx and another one for
a breakdown but I was also watching
square and the reason I looked at square
was because you know despite the fact
that the markets been sort of on its
heels as they say squares been holding
up pretty well so and it was sort of up
pre market and so I decided to watch it
for opening range break up break out so
you can see here pre market activity was
kind of bouncing here but I really
thought you know it sold off a little
bit just just right at the open and then
it kind of held and so I was watching
this level right here and this is the
kind of level it was a sort of highs pre
market and so when it jumped up above
there I took a long position and sold
most of it on that little pop because
things seemed to be a little bit choppy
right now it pulled back right back to
this level of where broke out which was
you know higher level of resistance
becomes support and you can see here it
found support and then I just held onto
to the rest of it and and sold it up
here as it broke 52 I kind of was
looking at 52 as the as my target so
yeah I don't always I guess I posted a
lot of trades that were break downs on
the open and thought I'd show you I
don't just we don't just look at the
breakdowns we can pray the the breakouts
to the upside as well and they work just
as well so kind of a dicey market right
now we seem to be seem to be struggling
at this level and we'll see what Monday
brings we've got a bunch of tech
companies reporting some big tech
companies next week
Amazon I think Facebook so you know
texts been getting hit hard over the
last couple days we'll we'll see we're
tech and the semies go after they
reports some of the earnings anyway
that's it guys have a great weekend
Brian a bear bull traders we'll see you
in the room on Monday morning bye for now
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