In this trade recap, Mr. Banks discusses his BBR (Bounce Break Reject) strategy, which he used to achieve a 200% gain on AMD puts. He emphasizes the importance of analyzing multiple timeframes to understand the macro trend and identifying key levels like pre-market highs and lows. Mr. Banks explains how he identified an imbalance on the one-hour chart and used the 1348 EMA cross, the 200 EMA, and pre-market low breaks as confluences for his bearish trade. He further explains how to use the 8 EMA to hold runners and identifies the break and hold over the 8 EMA as a signal to exit the trade. He encourages listeners to check out his other videos on the BBR strategy and expresses his belief in their potential to become successful traders.
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