SIX
SIX - Mid Term $65 - $68 PTGood setup on weekly bouncing offer lower uptrend line, above all EMA's, and looking to follow this curve up towards top red resistance line. In the mid-term, a 5 wave count should push this higher towards $65-$68 imo
GEBN Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
GBP/NZD sell watchlist This was another trade that i didn't take that was in my watch list and ended up in profit.
A trade I took earlier EUR/AUDI took this trade way earlier after the cross of the red support line and as you can see it is about to hit my target profit.
Tell a friend to tell a friend I want to see everyone eating right.
Feel free to like and follow, thanks.
The ichimoku is used to confirm trend direction but price action is always my best source.
JPY looking weak NZD is reaching for the stars!!!NZD/JPY has broken resistance after the 4th touch on the 4 hr timeframe so I'm looking for a buy signal as you can see there is a flag pattern that has formed after an uptrend.
I’ll also be looking out for the red line as this is the monthly resistance level so price may reject when it reaches there if so I will close the trade earlier.
Feel free to like and follow will keep posting all my trade ideas thanks.
Also if you have any trading related question pls dm me.
Risk/reward: 3/1
SL:69.315
TP:70.629
Potential NZD/USD buy signal Here's another free signal for y'all
Entry point:0.66433
SL:0.65996
TP:0.67580
R/R:3/1
As you can see a bullish flag pattern has formed on the 4 hourly and has broken the support after the 3rd touch so we will be looking to go long.Also, the uptrend can be confirmed by the twist of the ichimoku kumo cloud which has twisted from bearish to bullish on the 4 hourly.
Taking this trade in my sleep and hoping to see profit when i wake up , wish me luck lol!
I'll keepy you updated when I wake
Feel free to like , comment , share and follow my page.
SIX FLAGSBearish asf on Six Flags! I think we test $11 if this pandemic isn't over soon and delays openings, etc.
Great opportunity to buy if this sinks, regret not sticking to my game plan and buying at $10.
I Could Have Been Green - But At What Risk? - 04/29/20 RECAPHi traders,
A slightly negative day on Wednesday which could've been a winner had I held one of my Long trades for long enough. In the video you'll find my reasoning why I left early though and statistically, this was the right decision.
Focus on the long run, not on the flashy bragging rights!
The Trades:
1) HAL - LONG @10.32, exited earlier as the stock didn't react at all to uptrending market. +1.06%
2) SIX - LONG @21.09, beautiful triangle breakout was immediately stopped and turned. My idea was to reverse the position which I did. -1%
3) SIX - SHORT @20.52, reverse trade that typically works in failed breakouts higher like this. However, today it did not. -1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -0.94%
Total PnL for the week: -0.05%
Good trades,
Tom | FINEIGHT
Six Flags (Short)I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30)
Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below!
We have hit $17 three times and have been rejected strongly, I would expect the same from this trade.
Good Luck!
Daytrading RECAP 04/09/20 - Just in Green for the WeekHi traders,
Alright let's wrap this week up!
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was making up its mind most of the day but it's just the way it is and it's our job as traders to adapt. I only managed not to lose THAT much today, hope you did better!
Five trades today:
1) BIG - LONG @20.05, closed little above my SL @19.25 for a -0.875%
2) SIX - LONG @16.65, this one JUST hit my target @17.45 for today's only winner of +2%
3) SABR - LONG @7.05 and this time I wasn't so lucky. It turned couple of cents under my PT @7.55 and went back to BE and I closed it at the end of the session for -0,2% loss.
4) ERI - LONG @20.02 - a classical example of a fake breakout, stopped out @19.62
5) HAL - LONG @9.01, the break was good but then SPY stepped in and took most of the stocks down, including HAL which in retrospect could've been a nice reversal trade from my SL on.
Total PnL for the day: -1.1%
Total PnL for the week: +0.95%
I wish all of you a great Easter, relax and let's all get prepared for another week in this wonderful trading business!
All the best.
Tom from FINEIGHT
$SIX Six Flags (SHORT) I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk.
On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th.
On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3.
On April 7 we reached a high of around $16, we are yet to see a higher low or perhaps even a break of the ascending bottom line.
I see potential to perhaps seeing a triple top sometime soon (SHORT HERE).. if we don't then we will reach a higher low (or a break of the ascending bottom line) and perhaps revisit
I don't think we are done seeing bearish trends and going bullish just yet..
Six Flags (SHORT)First time publishing an idea, would appreciate feedback.
Looking to short or buy puts on $SIX at around $13, take profit round $10-11. $SIX bounced at 12.25, wouldn't be surprised if it went up on April fools!
AMS Stock - Looking nastyA family member asked me, if he shall buy AMS at 38$.
My first look at the chart was just a "WOW", what an incredibly massive Head and Shoulders. I told him to short the market rather than longing it.
And what I recently understood... Even though people are able to short the market, people just love to long the markets and they mostly dislike to short it... Must be something with human nature... Being the black sheep on the other side probably doesn't feel as great as being part of a community which is celebrating markets going up together.
If this H&S triggers,we will find AMS at: 4$.
Happy Trading!
$SIX Looks To Have Bottomed And Found Strong Support$SIX looks to have found rock solid support at the $35 level. With many gaps to close overhead, $SIX looks to be a nice play, especially now that an activist investor has gotten involved.
Activist investor H Partners Management says it has engaged with the Six Flags Entertainment board after closely monitoring the recent developments with the theme park operator.
H Partners says the talks included the potential of a board rep.
H Partners holds a stake of 6.5% in Six Flags.
Among other highlights:
$SIX trades at just 14x next year's earnings.
$SIX is down 40% off its 52-week highs.
Average target price is $52 a share.
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Grand Prairie, Texas.
As always, trade with caution and use protective stops.
Good luck to all!
SIX - Double Downgrade - Possible BounceMultiple downgrades on same day (1/10). Possible bounce.
www.marketbeat.com
Trade Entry
Options are only monthly with SIX. No optimal options strategy.
Day trade or swing trade shares. Hold week or less. Will do my best to update if alert hits.
Chart Details
SIX created large gap on downgrades.
Looking to hit previous support around $33.29. May go down to $31. Set alert for long entry here.
Possible bounce to fill recent gap up to $42.
RSI and trend is oversold. Watching for entry.
Gap fill to $42 is greater than 10% gains in short time. :)
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AUDNZD bearish gartley pattern forming M15 chartAUD/NZD is forming a bearish gartley pattern on the M15 chart. I am looking for the pattern to be confirmed at the D-point and looking for signals to go short around this area. The higher time frame context shows decent S/R levels around this area.
Risk to reward (when entering around the D-point): 1:2
TP1: 1.07429
TP2: 1.07109
S/L: 1.08302
