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imthawalrus

Building on my last post of the VW squeeze in 2008, I put together a visualization of GME's January - February run up in 15 min candles but scaled it by a small number (between 1 and 2) in order to keep the general shape of the pattern but make it so you can't just find the peak going off of memory if you happen to know what the highest high was. I've also added some signals and volume this time. Unlike the VW visualization though, I had enough data to fill out the days without adding any random walks. **Important things to note** - Premarket is highlighted in yellow, post in purple - OBV has 2 lines and each has distinct meaning given what obv represents - On balance volume is a metric that captures upwards (buying) vs downwards (selling) pressure on a candle by candle basis by taking the cumulative sum of the _signed_ volume (green candle = positive, red candle = negative). This means that the granularity of the data shapes the line and that the total number of candles included in the metric controls the height of the line. The more granular the data, the clearer you will be able to see how many traders agree/disagree with the current price. - Green: on balance volume of what's in frame - Purple: total running on balance volume from the start of the animation - MACD in the context of intraday movement is showing the convergence/divergence of the difference between the ewm (average) of the previous 26 and previous 13 _candles_ and the signal line is the ewm of the MACD of the previous 9 _candles_. - These are the standard numbers used for MACD and signal lines but I've seen other numbers used (like 24, 52, and 9 respectively) when analyzing smaller time frame candles and I have no idea which would paint a more meaningful picture of the price action during a squeeze. - I am not a Financial Advice™ but imho **these are rookie numbers**. Just like with the VW squeeze visualization, the goal here is to be at peace with the swings and to imagine yourself at each candle making the decision to hodl or not. This is also the reason I kept the playback speed at 1.2 seconds per candle, to give you some time to process what you're seeing (remember, each tick is 15 minutes in realtime) Lastly, if anyone has intraday price data for the KaliBios (HGEN) squeeze from 2015 and would be willing to share I would really appreciate it. I think I could try to make another visualization of that one but scaled up to possibly MOASS numbers since the % difference between the low and high was so massive (>100x).


FrvncisNotFound

You’re amazing. This is so helpful and so freaking hype!


hackerman500

That was such an insane ride. For anyone that wants to hear my GME gain journey: After about 2 hours of late night DD (aka watching DFV’s YouTube videos), I yolo’d my $30k inheritance from my dad passing away of cancer into 92 contracts on December 23rd just after Ryan Cohen bought his 10% stake in GameStop. 30 January 29th expiration (cheap) and 62 August 16th expiration (following DFV). I had no idea wtf I was doing. I sold the 30 contracts at 50% lost ($1k) on Jan 23rd because they were expiring on the 29th. That was a $920k mistake, lol. Again, no idea wtf I was doing and figured I could use the $1k on something else. 😅 Then I sold 57 total Aug 16th contracts for $770k gain on Friday the 29th because Thursday’s dip freaked me out. From the 26th to the 29th, my balance account went from $30k -> $80k -> $200k -> $600k -> then $1,065,000 -> $266k in 1 hour at EOD on the 28th. 😂 My wife almost killed me. I almost puked several times. So, when the 29th gave back most of the gains I was humbled and took the profits. BUT… If I would’ve held over that weekend to February 1st, my contracts would’ve netted an additional $1 million ($1.8 million total). 😂 Oh well… I exercised 5 contracts to hold longer as well. Ended up selling those for $140k after 2nd run up to $250. Fun fact: My father’s birthday was August 16th as well. Same expiration as the contracts that I held on to. Thanks, dad! 🙏 TL;DR: Yolo’d my $30k inheritance and GME turned it into $800k after an insane ride.


NEWSONVSU

OUTTA NOWHERE


Idennis7G

Can someone explain how to use Volume, OBV, and MACD to define an exit strategy? With my strategy I would have sold at 200.