One free idea from this week's list. The setup I want most.
A blockchain infrastructure name building the kind of break-retest-go pattern I love. Here’s the level I’m watching.
Every Sunday, Stats Edge Pro members get the full list. Entries, stops, time stops, the whole thing. On Monday morning I pick one idea from that list and walk through it for free.
This week’s pick: a blockchain digital infrastructure play. The chart did exactly what I want to see. Clean breakout above a multi-month base, then a small pullback toward the level it just broke. The pattern I love most is break, retest, go. You bid into the retest. If the level fails, you’re out fast. If it holds, the breakout becomes a springboard.
The bid level I’m watching is a few percent below where it’s sitting now. Patience for that fill matters more than the trade itself. Volatile name. Size accordingly. Not for every account.
The market’s been open two hours. Plenty more could trigger this week across the swing and day systems. This is just the one I wanted to highlight today because the setup is clean and the structure is textbook.
17.30% max drawdown over 25 years while the S&P drew down 57%. Some weeks four or five trades fire. Some weeks one. The system doesn’t force trades that aren’t there. When it goes into drawdown, you hear about it in The Drawdown Memo.
Stats Edge Pro members get the ticker, the exact entry, the stop, and the time stop in real time.
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— Michael Nauss, CMT, CAIA, CDMS