FoundryStrat's Current Crop of Spring Trades

If you're managing a portfolio of spring setups, it may help to look at FoundryStrat's latest examples and positions. Some are performing well, some treading water and one we just missed out on a really good profit - but that's the cost of tightly managing your risk.

Here's the current/recent spring trades courtesy of our TradeVision Portfolios.

Delving a little further, here's some annotated charts showing entry and exits. Usual rules apply for it to be a spring.

NVDA - Nvidia

The prior undercut and recapture didn't work. We're now seen another one set up and looking at the price to pop higher after the first good day of price action. We want it to get above the 21 EMA and hold. If it fails to do so and rolls over, we might well manage the position by tighteneing the stop loss - we prefer these positions to be above the 21 EMA and stay there!

RGEN - Regenoran Pharma

This has been a great move and is now up around 20% from entry. It took a while to get going and nearly stopped us out but once it reclaimed the 21 EMA, it has pushed up nicely. It reacted to earnings well - we had a circa 10% buffer going into earnings so, reduced 1/3 of the position and held the rest where we just trail the stop below the 21 EMA.

UBER - Uber Technologies

Uber's share price has been a bit messy. there's a clear undercut in this current sideways range through and it bounced back the next day. There was a bit of slippage on the entry but nothing major. You don't want the entry to gap up massively on the entry day - that's the slippage - another below 1% is fine, but after that it can increase your risk/reward too much (distance between entry and stop loss vs. target).

MSFT - Microsoft

Sometimes they get away from you. Microsoft came down and tested the April lows. After a strong move up, it gave up all those profits and moved back below that April low. The next day it recaptured the range but the price never really got going until after the earnings and we were already out. It moves above the 21 EMA and we like it to hold there. If you wanted to give it a little more room, you could have just moved stop to break even at the entry price. But you'd still have been stopped. Post earnings it ripped and is now up over 20% from our original entry. You can win them all and you just have to move on and not think about the ones that got away. Remember, earnings could have works in the opposite direction so make sure you manage risk first.

META - Meta Platforms

This one might trigger today. The price has been stuck in this range between 520 and 690. The recent low undercut isn't from the low back in March but we're using the more recent undercut. On Friday, the range was recaptured and we'll enter a long position today if the latest candle high is broken. We'll use a break below the most recent low a few days ago as the stop - as usual.

Once you start to see these trades, you'll see them everywhere. You can scan markets daily or even weekly if you'd prefer - all the same setups apply on all time frames due to the fractal nature of markets.

Happy hunting!