XRP/USDT - 3H - rally is coming sonThe crypto market wants to go around and end the correction. One of the currencies that can have a good growth in its wave is XRP, which can be considered a high target according to Fibonacci.
Rally
SCHW Trade RecapEarlier this week, I took a trade on SCHW on the 30 minute chart. Found it had been rallying on higher time frames (HTF) from a pullback.
I decided to scale down to a lower time frame chart to find an entry. Preferably a pull back.
Decided to enter on a bull flag.
The previous day had shown strong bullish buying pressure as indicated by the bullish candlesticks closing near their highs during the rally. The first flag that I entered on was a 2-legged pullback from the highs with a High 2 breakout. When the breakout bar closed on its high, indicating strength from the bulls, I took a long position.
My exit strategy was to trail my Risk Units. (For example, when risking $100 on a trade, $100 is 1 Risk Unit (1R). Therefore for every $100 move in profit, or every 1R move, you'd move your stop loss up 1R behind it.)
I bought more shares, equal to my first entry, on every bull flag that had occurred in the bullish trend. Therefore, I bought additional shares twice over the course of the trade. This increased my chances for earning bigger profits as long as it continued to go in my direction.
I bought my first additional shares after my stop loss had already been moved to 1R. Effectively eliminating my risk. Since I bought the new shares around 2R, my 1R stop loss was now breakeven. Due to share price averaging. So I was at no risk of losing any money.
As the trade continued to move in my favor, I continued to move my stop loss up, locking in profits.
I bought my last shares near 3R after the final flag in the move. Again, for the same amount of shares I had bought in my original entry. My size was now 3x bigger than my original entry.
After the trade had reached 4R, I moved my stop loss up to 3R and got stopped out there after the stock had came back down. Even though I got stopped out at 3R, I walked away with a 4R profit, due to buying additional shares on the way up and my risk never being greater than my original positions stop size due to my trailing stops.
i see that btc will rally for many days from nowrisk/reward ratio more than 15 !!!!!!!!!!!
its my point of view for the chart
Lil wedgieUpward looking wedge, despite all the death crosses and dark pool undermining, I think this has a little pop left in it before ultimately looking down to support levels of <$620
It still has some travel on the fibo
$MIRM doubling down*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MIRM on 5/28/21 at $16.30 per share.
Today we're taking the dip opportunity and doubling down at $15.60 per share.
FIRST ENTRY: $16.30
2ND ENTRY: $15.60
TAKE PROFIT 1: $20
TAKE PROFIT 2: $30
STOP LOSS: $14.90
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plugging into $PLUG once again*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team got into $PLUG 6/1/21 at $30.74 per share. The stock now sits at $29.85 after correcting from its previous high of $75.49. $PLUG is a hydrogen energy company towering its industry. My team originally entered $PLUG on 6/1/21 because of a misinformed earnings date which we all thought was taking place on 6/3/21. My team remains just as confident as before that the price action of $PLUG will benefit from this report.
After down trending more than HALF from it's all-time high stockholders should expect $PLUG to uptrend throughout the end of June and July.
My team has brought our average price per share down this morning after purchasing more shares at $29.85.
$PLUG earnings will be announced tomorrow (6/22/2021)
ORIGINAL ENTRY: $30.74
AVERAGING DOWN AT: $29.84
TAKE PROFIT: $47.00
STOP LOSS: $26.00
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$WISH July Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $WISH on 6/15/21 at $11.30 per share.
Today my team is averaging up on $WISH at $11.77 per share. Our first take profit remains at $18.
My team is keeping any upcoming posts short and sweet due to upcoming market volatility within the next few weeks. My team busted ass to prepare for the summer markets of 2021.
Kick off is here...our players are in position...
We're just simply showing you the money.
FIRST ENTRY: $11.30
2ND ENTRY: $11.77
TAKE PROFIT: $18
STOP LOSS: $9.50
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$GORO midas touch*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this summer due to the US dollar continuing to weaken. We opened our long position in $GORO on 6/8/21 at $2.85.
Today my team is averaging down on our current positions at $2.60 per share.
Our first take profit remains $4.90.
FIRST ENTRY: $2.85
AVERAGING DOWN: $2.60
TAKE PROFIT: $4.90
STOP LOSS: $2.45
If you want to see more and get in on our highly precise entries when they happen, then please like and follow us @SimplyShowMeTheMoney
$BABA buying the dip*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been following Alibaba for the past few months. We originally entered $BABA on 5/27/21 at $207 per share. There is no denying the massive oversell of BABA. After correcting from its 52-week high of $319.32 $BABA now sits at just $21.22 per share. $BABA is a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October.
Today my team has placed our 3rd buy order on $BABA at $210 per share.
We're long.
FIRST ENTRY: $207
2ND ENTRY: $220
3RD ENTRY: $210
TAKE PROFIT: $265
STOP LOSS: $203
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$TARA lets go whale hunting*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Early this morning 2 of my teams 20 holdings hit their set stop losses. The entire market practically wet the bed this morning but this small dip is nothing new to us, we have seen far worst before. $BABA and $GORO were the tickers that disappointed us this morning. We set stop losses for good reason and normally move on once they are reached. My team believes that $BABA and $GORO are still good holdings, but we're not looking at new entries for the near future.
Like many of you have probably already guessed, my team does not disclose all of our holdings on trading view. Some of these disclosed holdings are what we @SimplyShowMeTheMoney refer to as platinum grade picks. Regardless we're generous people, and want to share with you one of our big dogs...
Today my team is introducing biotech company $TARA (Artara Therapeutics). $TARA is committed to advancing transformative therapies for people with rare and specialty diseases (such as cancer).
Earnings are expected on 7/30/21. My team expects little good news for lift off thanks to the massive sell off that $TARA has experienced.
My team entered $TARA on 7/6/21 at $8.70 per share.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$BTC gap fill*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team predicted the crypto crash at the $60000 zone a few months back and have been eagerly waiting for a post correction buy entry.
My team entered $BTC at 33333.33 last week, but we believe that $BTC touching $42500 will further indicate its overall desire to push its price forward and rally up to previous resistance at $56000 which is our 2nd take profit.
OUR ENTRY: $33333.33
FIRST TAKE PROFIT: $40850.00
2ND TAKE PROFIT: $56000.00
STOP LOSS: $27850.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CLF averaging up once again*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My teams original entry for $CLF is at $13. We averaged up on 5/23/21 at $18.06. On 6/10/21 we hit our take profit 1 at $24 per share and secured most of our profits.
My team averaged up once again on our remaining positions yesterday before the market closed at $20.60 per share. My team still plans to close this trade completely once our trade reaches our take profit 2.
Investors still looking for positions should be advised that $CLF may retest our red trendline before this occurs...but current shareholders have no reason to be concerned with this scenario for it will offer additional buying opportunities.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$LCTX biotech company analysis *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been following clinical-stage biotech company $LCTX for the past few months. $LCTX pipeline looks very promising. We believe that current price levels are undermining the companies potential. We entered $LCTX on 5/14/21 at $2.23 per share and have been holding ever since. Following its correction from its 52-week high of $3.13 $LCTX now sits at $2.80 per share.
My team averaged up on our $LCTX position this morning at $2.70 per share and intend to take profit at $4.20.
ORIGINAL ENTRY: $2.23
AVERAGING UP AT: $2.70
TAKE PROFIT: $4.20
STOP PROFIT LOSS: $2.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
sleeping giant $BABA is about to wake *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been following Alibaba for the past few months. We originally entered $BABA on 5/27/21 at $207 per share. There is no denying the massive oversell of BABA. After correcting from its 52-week high of $319.32 $BABA now sits at just $214.22 per share. $BABA is a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October.
Today my team has placed a buy order on $BABA at $220. We believe that if $BABA reaches $220 it will continue to push forward and have a short-term rally up to around $238 which was our original target. If price reaches $238 we will trim and wait for another opportunity to average up before $BABA pushes to our first take profit at $265.
If you fail to plan...you plan to fail.
We're long.
FIRST ENTRY: $207
BUY ORDER: $220
TAKE PROFIT: $265
STOP LOSS: $203
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$NOVN swing-trade*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been paying close attention to the price action of biotech company $NOVN these past few days after it experienced an 80 percent increase last Friday. Despite its amazing performance $NOVN failed to break strong resistance at $20 per share and experienced a drastic drop down to $10.76. $NOVN now rests at support at $11 per share.
My team expects $NOVN to perform well short-term due to this overly excessive sell-off.
We have entered today at $11 per share and have set our first take profit at $15 indicating a 36 percent increase from current levels.
Entry: $11
First take profit: $15
2nd take profit: $18
Stop loss: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
time to spark up $CLSK*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing sustainable energy tyrant $CLSK for the past couple of weeks. $CLSK converts waste materials into SynGas. $CLSK uses its SynGas as clean and renewable fuel for power plants and motor vehicles.
My team really loves this play. We're excited about the growth potential of $CLSK, but we also support the good they do. We can't enjoy life and the opportunities that money brings if we the human race continues to harm the planet. Shout out to $CLSK and all other organizations and individuals who're playing their role in cleaning up the environment.
We entered $CLSK today at $17.15 per share and have set our first take profit at $29.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$AMD June Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: Steadily increasing semiconductor demand due to current shortage will leave $AMD with fat profits during the next few market quarters. After correcting from its all time high of $99.23 $AMD now sits at $81.64 per share.
My team entered into $AMD on 6/10/21 at $81.10 per share. We have adjusted our first take profit which previously was $90 to $92. Our stop loss remains at $76.
We're averaging up today at $81.64 per share.
ORIGINAL ENTRY: $81.10
AVERAGING UP AT: $81.64
FIRST TAKE PROFIT: $92.00
2ND TAKE PROFIT: $111.00
STOP LOSS: $76.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Wyckoff consolidation seems to have failedWithout a huge push ASAP we’ve failed the testing in late Phase D. Where it is now seems like a classic place to retest for a continuation to the downside because of the break and failure to bounce at $39,000
$CHPT trimming positions*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $33.32 per share.
My team is now up more than 50 percent on $CHPT from our original entry at $22. We're satisfied with the performance of this trade and are trimming our positions at 33.32 today to secure profits.
My team still plans to average up one last time on $CHPT if the opportunity presents itself, but if $CHPT continues to uptrend and manages to hit our $37 take profit we will stick with our plan and exit the trade completely.
ORIGINAL ENTRY: $22
AVERAGED UP: $24.35
TRIMMED POSTIONS: $33.37
TAKE PROFIT: $37
STOP PROFIT LOSS: $27
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$PINS June Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has had eyes on popular online product and idea discovery platform $PINS for the past few weeks. After correcting from a previous all time high of $89.90 it now sits at $73.14 per share.
My team expects $PINS to continue to perform well short term. We have placed our first take profit at $84.50.
Entry: 66.05
First take profit: $84.50
2nd take profit: $103
Stop loss: $60
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CHPT possible pull back soon*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $31.41 per share.
For those of you who remember our original take profit on $CHPT was $31 because we suspected a resistance around the $32-33 price zone. For that reason alone, we do not think its wise to average up or enter right now until further notice.
My team plans to average up one last time on $CHPT if the opportunity presents itself, but in the meantime we plan to sit back and enjoy how deep in profits we're now on this trade.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
make your $WISH*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team discovered $WISH a couple days ago. We first heard of WISH when a friend made a joke about how cheap $WISH products were. The name sounded familiar but we had zero clue that it was an online retailer until he explained it to us.
Perhaps we didn't know because we live under a rock, or maybe we're too busy making money instead of spending it by shopping online. Regardless, we still see the appeal of $WISH, and we wonder just how much of its market still remains untapped. If none of us knew what $WISH was prior to a couple days ago then maybe...just maybe...this is just only the start of its rally.
$WISH is also a meme stock apparently. My team has never traded meme stocks prior to this post, but that doesn't mean that we're opposed against them. Our issues with most meme stocks dwell in the overvaluation of the stock...but we suppose that's the whole point.
$WISH is a rare case however because it ACTUALLY looks undervalued to us.
We're long.
entry: $11.30.
take profit: $18
stop loss: $9.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
