ChargePointAfter following our predictions, now CHPT is set to face 2 support points that can help it rise back up.
Market volatility is still high so lets wait and see how CHPT reacts to it!
Stockalert
TQQQ - TrendlineAs we all know, all the analysts and investors are talking about the market bubble that we are all in currently. And in our opinion, TQQQ is reaching its resistance line. It will need to cool-down sooner or later, we are currently waiting for it to pop the bubble and drop closer to the support line where we can buy it confidently. Good Luck to everybody and Stay Safe!
AIRBNB - Nice touch to the Support!AIRBNB, the future of the hospitality industry is reaching its first earnings report since the IPO!
-CCI looks bullish having the current price standing below the average.
-Chart looks bullish as well standing at a very close point to the support!
Wait for a reversal or a touch to the support, once either of them is done get in!
For the ones who are long-term on this, then, the current price is already a good entry.
BTCUSD - Bullish Rectangles in the game!Since Feb 1, BTC started forming another path for a bullish rectangle. Great demand for this boy, keeping a close eye on it! Safe trades friends!
Sumo Logic - Trend LineSumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. Recently adding Amazon to their customer's list, Sumo Logic takes a long-term buy position in our portfolio. In our opinion, Sumo has two ways to go at this point: Touch the resistance line and drop to the support, or go all the way back to support and then jump back. Either way if you haven't invested in Sumo Logic yet, wait for it to get closer to its support line and make a purchase then! Good Luck and Stay Safe!
FACEBOOK BUY RUNNING +3.8% - CHECK OUT RELATED IDEAS ! FB trade made a great move! Let us know if you're in !
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +3.8%
OUR STRATEGY EXPLAINED:
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.
