2/21/22 BLDRBuilders FirstSource, Inc. ( NYSE:BLDR )
Sector: Producer Manufacturing (Building Products)
Market Capitalization: $13.734B
Current Price: $71.72
Breakdown price: $67.00
Sell Zone (Top/Bottom Range): $68.50-$73.00
Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd)
Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd)
Contract of Interest: $BLDR 3/18/22 70p, 5/20/22 70p
Trade price as of publish date: $3.40/contract, $6.30/contract
Builders
BDEV PrecariousHopefully the title isn't a shock to you, given Brexit uncertainty for the past couple of year. Rising wedge is usually a bearish indicator but you might notice that higher volume days are accumulative - big boys taking bullish position? I'm staying away but have alerts set to look at possible shorts in the longer term.
Algorithm Builder : Please ask me if you're stuckHi everyone
A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him a strategy with a stunning 63% win-rate, 3 Profit factor - on a period of 10 days, ending today
Our chat imgur.com
Performance of the algorithm across the last 10 days on a market not very volatile: imgur.com
I'm not writing this for trolling, I don't care at all and I surely have better use of my time
I just want to convey a message that if you don't know/understand how to use my Algorithm Builder, please ask me. I won't bite and I'll even advice configs
People are asking me every what I do use for trading and if I use the scripts I share... short answer: YES and the main pinnacle of my trading is the Algorithm Builder.
I make every day for my clients any algorithm on any market, any timeframe in less than 15 minutes. Now some of my clients got even better than me at designing signals with the tools.... (I'm a bit pissed about that, to be honest, but so happy they're learning)
You'll be able as well with a bit of practice, it's honestly not hard. Even my sister is doing it and she doesn't even know what the indicators inside mean...
I'm here to help so shoot me your questions/concerns/feedback.
I can't guarantee your success on the financial markets because psychology plays still a huge part but I did this in 11 minutes guys and you already have the tool available for a free week trial
This is a generic script to detect the confluence/convergence between unrelated indicators
Algorithm Builder
More on that tomorrow to come, my friends.
Dave