TESLA BEAR FLAG|PREPARE TO SELL|OPTIONS TRADE|
TESLA is still growing after it gained momentum
On the news of being added to the S&P500
Usually, the stock falls right after being included into the index
Following the saying "buy the rumors, sell the news"
Though, in the case of S&P500 , more like "buy the news, sell the fact"
Anyhow, TESLA hasn't fallen , and is still growing.
However, the bear flag it is trading in
Indicated that the growth in its final stage
And the stock will soon collapse to the support
As it is obvious that a correction is needed
I think that there is still some space to go Up
But the correction is inevitable
A Short? YES, but with Put Options only , so that your downside is limited.
520-500$ as the final target seems quite reasonable for this trade
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Options-trading
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
AMZN - Amazon sell, end of the bull run?Amazon has been on a bull run for some time - we now have a sell signal on our strategy.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
Bank Nifty Trading Strategy for 11th May'2020.I am bearish on BN until Bank Nifty holds above 20060 for an hour.
My downsize targets are 18500 / 17500 (levels are on the chart).
@@ Pivot Zone:- 19,475 - 19,597 Above +ve Below -ve
The rest of levels are on chart, enjoy trading.
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SIEMENS (SIE): Close To Buy Zone
3 years long bearish trend on siemens is considered to be broken according to technical rules.
the market has clearly broken above a resistance line of a bullish flag formation violating the last lower high.
now the market is retracing,
the underlined area around 100.0 level gives us a perfect opportunity to buy the stock on a good discount.
this zone is based on the perfect confluence of fib.levels and structure.
buying from that we can aim at 119.0 level as the initial target
and 132.0 as the second one.
good luck!
Natural Gas (NATGASUSD): Bullish Forecast
natgas has surely broken a strong horizontal resistance to the upside.
I believe that the price may now retrace a bit and then the bullish tendency will proceed
with potential continuation to 2.08 level - next structure resistance.
trading against the trend, control your risk with tight stops!
good luck!
Brent Oil Futures (BR1!) Catching Bearish Wave
Brent oil has reached a strong level of structure.
It is a combination of a daily structure and a recent gap open level.
+ 618 retracement of the major impulse
I will be waiting for a bearish breakout of the rising wedge pattern to short the market.
The initial target will be
56.2 level
Target 2
55
Target 3
54
Stop
58
*if the market respects support of the wedge and sets new higher high
setup will be invalid
Copper (XCUUSD): Wait For Breakout!!!
Copper is stuck on a key level as well.
2.61 is a decision level of the market and the reaction of the market participants matters.
in case of a bearish breakout of a small rising channel, I will short the market expecting a test of 2.54
in case of a bullish breakout of the underlined horizontal resistance, I will buy expecting a bullish continuation to 2.675
patience pays, friends!
Copper (XCUUSD): How To Trade Against The Trend???
trading against the trend is a tough thing,
but if it is executed correctly, it feels so good :)
copper is under strong bearish pressure.
during the last two weeks, the market has dropped significantly.
now it is finally trading within a strong area of support and I am looking for a counter-trend trade here.
thought, on a daily the market has perfectly stopped and we see some reversal clues,
I need a confirmation on a lower timeframe to execute a trade.
I will be looking for the completion of the right shoulder of a head and shoulders pattern,
to then buy the breakout of the horizontal neckline.
on the chart, I drew the list of conditions to be met to execute the trade.
The initial target will be 2.595
the second target can be extended to 2.7
Please, like the idea and leave a comment, if such kind of guides help you! thank you
S&P 500 Index: STEEL BALLS TRADE!!!
while everyone is buying the dips on major indexes,
let's go against the crowd and try to short the current market high on SPY.
DISCLAIMER:
steel balls are required for this trade
AKA trading on margin carries a high level of risk, and may not be suitable for all investors.
Trading Plan:
I have a sell limit on 3325 level.
Stop - 3350
T1 - 3292
T2 - 3242
(also, if the market reached T2, leave some minor part of the profit in free-floating just in case ...)
good luck!
SILVER (XAGUSD): Potential Long Trade
hey guys,
silver is standing on a strong support level for quite a while.
It looks like finally ice breaks and bulls are attempting to break above the indecision horizontal range.
for us, it will be a perfect signal to buy the market.
so let the price close above the range and buy the market expecting bullish continuation to higher levels:
18.2/18.4
GOLD: One More Bullish Leg
hey traders,
gold is still perfectly respecting the boundaries of a rising channel .
yesterday was a rollercoaster day and gold has spiked up and immediately dropped down to a channel's support.
My bias now is bullish and I believe that the market should reach at least 1476 level
and potentially set a new higher high within the channel 1486.
Let's see how it unfolds!
GOLD: Bullish Outlook
hey guys,
though I have bought gold from 1460 and have already taken profit from the trade,
I still believe that the price may grow to the 1480 level.
Currently, the market is back again trading above the recently broken structure level!
it is a very good indicator of a false structure breakout so with quite high probability we can
expect bullish continuation.
APPLE: Where is resistance???
buyers keep pushing the market higher.
currently, we are trading on the noman's land.
in my view, the first decent zone of resistance is the 275 - 300 area.
it is based on the projected harmonic movement based on the previous bullish impulse
and 1.272 fib extension.
the retracement can be expected to 240/220 levels.