Category: About

When the market closed on Wednesday the Daily closed with an inverted hammer which translates into an evening star formation on the four hour time frame. The 1 PM pre thanksgiving early close hardly saw any volume; however a spinning top closed below the counter trend line and the T3 on the one hour time frame. The 6 PM Eastern Standard Time Thanksgiving Day open came with fresh fears of lock downs because of the new COVID strain Omicron. 15 minutes into the trading day we saw a bearish engulfing and a counter trend line break on the 15 minute frame. Considering All these bearish sentiment we decided to sell the market, entering with a 6:1 risk to reward ratio. The trade was successful. When our take profit limit order was hit we exited the trade with a profit of $1,500 after risking only $250.

The Daily chart on the 24th closed with a hammer pattern which equates to a morning star formation bouncing off of the inner trend line and breaking a counter trend line on the four hour time frame. The small body candle on the close of the 7 PM 1 hour and 15 minute time frame was indicating low volume; however considering the bullish convergences on the large time frame the decision was made to execute a buy trade risking 10 ticks with a risk to reward ratio of 6 to 1. The trade worked out overall netting $600.

In an effort to better serve the needs of our members 3AM Capital is currently conducting testing and development of our very own trading algorithm. We understand the role that technology plays in our fast moving world; and is making this move, primarily assist our members who have very busy and hectic schedules. We will keep our members updated with the development progress.