Eliottwwave
Swing Trading Stocks Trade ManagementThis is a Long Swing Trade I have open using the Elliott Wave Indicator from W5T on the TradingView Platform.
The setup and entry for this 5th wave trade was text book in that:
1. The Elliott Wave Oscillator pulled back between 90% and 140% during the 4th wave profit taking pullback
2. The False break out stochastic crossed over in the over sold zone during the 4th wave profit taking pull back against the yellow false breakout bar in the over bought zone during the 3rd wave.
3. The Wave 4 profit taking pullback found support in the amber zone of our automated pullback zones, which represents an 80% probability of our automated 5th wave target zone (in blue on the chart) being reached.
4. The Risk to Reward was over our minimum required 1:1.6 - This include sensible entry and stop loss strategy - This can be seen on the chart.
To manage this trade is pretty straight forward:
The point of control for us is the price closing above the 50% Reward line (cyan on the fib extension on the chart). Then we move our stop just above the entry to make the trade "Risk Free"
Then we Trailing the Stop "Two Candle Behind". So as Yesterday's candle closed above the 100% profit line (yellow fib extension on chart), I adjusted the stop just below the low of the 2nd candle back. In this case locking in 50% profit x Risk. So if you Risked $10,000 on this trade, you would have $5000 profit locked in!
We are at a critical point in this current trend as we will be testing the previous wave 3 high and in some market conditions, this is too much and the price turns back down and corrects. This is why we lock in profit. However we have an 80% probability of the price pushing through and reaching our 5th wave target zone and will continue to manage this trade with our "2 candles behind" trade management strategy into the 5th wave target zone, if the price breaks through the previous wave 3 high!
GBP/USD elliott waveHello everyone,
I drew a parallel downward channel as well as a suggested Elliott wave,
Need your opinion and comments
Thank you
A HUGE CRASH INCOMING ??? US30 - DJI Elliott Wave analysisElliott Wave analysis of DOW JONES INDUSTRIAL AVERAGE .
Please click the like button if you like the analysis .
More updates to come .
#GOLD (xauusd)After forming a new L.H and testing 50% of the fib we will be looking for a new L.L into 1645.00 (gain: 500 points)
Stop loss: 1708.00 (150 points) RR: 1/3
for anyone still awake count is still valid to head lower..zig zag is practically confirmed 3090 this week! lets see it!
bearish KOvery clean zig zag, probably the cleanest chart in the stock market i have worked on.. maybe implies a test of the lows for many stocks. think it has room to the upside for the few more weeks tho! only looking to build a short.
was wrong about the correction, shot right in my face. RIP3500 before election, then another major correction, 30%+.. think volitality will stay high, too many shorts. Thats is why i have it basicaly staying at this pace that we have been at.As long as donnie doesnt do anything insane, stock market run will continue! i will post on my twitter if there are any violations as well as other plays. @jayeliott_
VERY CONFIDENT! hello everyone i normally chart the SPX but it looked really choppy so i looked to the NQ and heres what ive got! looks great all things line up i am playing this aggressively! leave you opinions and follow me on twitter i would really appreciate it! @jose_spy1 would love to see other eliot counts so send em my way! goodnight!
GBPUSD 4 hour long setupworth to mention that is possible to visit 1.19057 so wait for price confirmation before enter,
around the 0.382 Fibo line is a nice area 1.21478 however make sure to manage risk with small size .
good luck.
NZDUSD: LONG SETUP READYThe 4th wave has just retraced back to the the trend-line and is ready for wave 5.
Note: Wave 5 may form a double top with wave 3 - instead of going through the top of wave 3.
Good luck traders!
As always, this is just for educational purposes, I'm not a financial adviser.
DXY - Watch it for BUYHi traders,
Watch your lower timeframe and see if there will be any signs of reversal. We were sellers since yesterday but now we dont have any sell setups and Selling DXY from that spot becomes a risky one.
If the price will become aggressive will invalidate the setup.
HSY 5th Wave Long - It's Not too lateWe are already in this 5th Wave Long on HSY, but its not too late to get in if you play the Long Breakout! With an Entry just over $158 with a tight stop at $152.42, just below recent range bound period. This gives a Risk to reward of 1:1.6 into our automated 5th Wave Target Zone around $167,
We used our Elliott Wave Indicator Suite to find this Long Swing Trading opportunity on HSY. Watch the video tour of our Elliott Wave indicator Suite for TradingView >>HERE<<
BTC sill bullish - Actualisation 10/7Second Technical analysis for me !
Today 10/07, actualisation of my ideas from yesterday for BTC/USDT !
On the chart on 1 day, we can see :
- BTC Dominance going higher
- Volume is going hiher
- RSI compare to yesterday
K 20 to 40 : + 20
D 12 to 23 : + 10
Ecart : +10
- MACD
The MACD Cross again the signal line and we can see the first green candle !
BTCUSDT Still bullish today. We are testing the resistance right now and i think will go higher !
Step 1 : 13 880 $
Step 2 : 14 372 $
Step 3 : 14 771 $
Step 4 : 15 169 $
don't forget to put your stop loss very tight !
Only idea, not financial advise !
if you love the idea, don't forget to put a like ;)
EURJPY ~500 PIP BUYLong term directional bias is bearish. On the daily, price rejected the CTL. Price retraced to the 78.6% level. Long term I anticipate price to push to 129.884, -.27 D extension. Before this happens there are key levels of resistance that must be broken through. Placing buy limit at 121.116. Resistance level at 122.20. Placing buy limit at 121.116. Currently at the 50% monthly retracement level. If I get bullish confirmation, I will ride the trade to 125.508. Currently at the 50% monthly retracement level.
GBPAUD BuyThe daily directional bias is in a downtrend. Price has not broken the inner trend line on this time frame yet. Target for TP is the 38.2% daily fib level. Long-term, price headed back up to 1.99012, 61.8% fib level for the monthly down AB boundary. To reach my TP, down trend line on 1 hour will need to be broken, price will need to bounce off of the backside and continue to rise. I am taking profit at the 38.2% fib level for a total of 224.7 PIPS.
