Update - Welcome to the EP Setup (SMCI)
SMCI goes off! Get ready for earnings season!
Good morning!
Markets are higher today with tech leading the party once more.
As you know, the SMCI idea was the ONLY one on last night’s trade ideas list.
I have been talking about the EP setup and how it was my most profitable last year and today we can see the power of this setup!
SMCI blasted off higher from the opening range high, triggering immediately at 9.35am and currently up approximately 13% from that level.
Congrats to anyone that took this trade!
We will be focused and ready to execute this setup all earnings season.
Francesco



Hi Francesco! I am in. How do you manage these type of position?
Hi Francesco. Have you ever researched/back tested an entry setup for buying an EP on Day 2 (if Day 1 is the day of its big move) ? I know TraderLion and some other traders use the HVC technique - have you ever tested or traded that technique , or do you just wait for it to set up again into one of your setups ?