Scot1and’s Fishhook Setup

Scot1and’s Fishhook Setup

The “Fishhook” is a setup I have used successfully for years to get entries in powerful stocks.  This post will cover what a ” fishhook “is and how I to trade it. The objective and Background. Before beginning, I must make a confession–I used to 

Stocks under $10 that you should know About

Stocks under $10 that you should know About

I asked my followers which stock under $10 should people know about. This is the list they came up with. First -my entries. RAIL – Rail makes railroad cars. It tends to do well when commodity plays are in favor. They have expanded production. The 

Lift off? – 4/24/2021

Lift off? – 4/24/2021

The week ends with strong moves in the Stonks! A great move in the Russel to trigger a slingshot. I had been concerned that this was setting up as a potential head and shoulder top. Continuation of the move would negate the H&S and position 

The Slingshot

The Slingshot

Wouldn’t it be great if you could buy a powerful stock after a pullback just as the downward momentum stops and the stock begins going back up? It was my goal to come up with a setup that did just that. After much experimentation, I 

Guppy Charts

Guppy Charts

What are Guppy Charts? The Guppy Multiple Moving Average series of moving averages with different time periods. The term gets its name from Daryl Guppy, an Australian trader who is credited with its development. The Guppy Multiple Moving Average is created using two sets of 

Market Conditions: Chop Zone

Market Conditions: Chop Zone

Its been a difficult period. No real progress but we keep going. We must push through the difficult periods to find success.

$FSLY

$FSLY

The levels in this chart are so clear. Even at the onset of this base.