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Supertrend

TAAT : Trading IPOsTAAT IPOed on the Canadian Stock exchange on the 24th of June this year. It had returned 39% over the past 3 months over some optimism on its E-cigarettes business. Vanguard Subscribers were asking how to trade this particular stock. Multiple Time Frame Analysis show an UPTREND in all timeframes from the 4hr to the Monthly Price trades above the Supertrend line on all time frames : UPTREND Price is UPTREND above the Ichimoku Cloud SSSA/B lines Technique : Aggressives buy when price retreats and bounces as close to the Supertrend line as possible and place stop loss on the SSSA line . Once price clears the Supertrend line comfortably, raise your stop loss to the Supertrend line. Conservatives buy when price breaks through SSSB line and re-emerges from below to above the SSSA line. Buy on the first candlestick close ABOVE the SSSA line. Target Price/EXIT : Sell only when your stop loss is hit = Supertrend is violated. If your initial trade had been successful, a raise of your stop loss from the SSSA line to your Supertrend Line would have given you a risk free trade covering your commission and cost of your trade.
CSE:TAATEducation
by gekkohot
SPX correction intensifies in the short termA close at 3329 in the SPX sits exactly on the SSSA line of the day ichimoku cloud. A test of the base of the cloud is imminent. The baseline forms support for now. The Teken level on the weekly charts is at 3350, this has been violated giving way to more weakness. Bottomline: A resumption in the uptrend must see a bounce from Friday's close at 3329 to 3375 for the MT/LT uptrend to resume. A break and hold below the SSSB line on the Day charts may signal a corrective move to 2973, The Supertrend line on the weekly.
OANDA:SPX500USD
by gekkohot
Caution : STI closes below 3500.The STI is in its 8th month of correction since February 2020. The technical picture has worsened in the trading week starting 070920. My previous post on the 6th of Sep highlighted the technical weakness on all time frames. A worst case scenario of a test of 3200. It would be prudent for long only traders to lighten exposure for the last quarter of 2020. For portfolio investors, they will be opportunities to look for trading ideas that I have and will continue to post as a trading idea. For investors looking at buying on the dip, look for companies that have remained on an uptrend on the monthly charts that have held technically above the Ichimoku Cloud SSSA line.
TVC:STIShort
by gekkohot
SPX REBOUNDS TO TEST 3475The SPX has Rebound of its intraday lows of the week on the 9th of Sep to the Kijun Sen on the 4hr charts at 3475. This is a 50% retracement based on Ichimoku cloud indicators. Pivot will be at 3400. A close and hold above 3400 will test the Supertrend level at 3475 which is also above the SSSA line. A break below the pivot will see the retest of the week's corrective lows. The SPX is still on a medium term uptrend on the Medium and Long Term charts. A close a hold above 3475 into the purple trading area will resume the longer term uptrend.
OANDA:SPX500USD
by gekkohot
SuperTrail Indicator Video / Trailing Stop LossWas just playing around with the replay function in Trading View and thought I'd share this to show how the SuperTrail indicator worked on a couple of different stocks. The SuperTrail is basically a modified SuperTrend but instead uses a percentage to allow you to manually set the trail level for individual stocks. Some need a wider trail, some a smaller one. You might set a trail based on the last months range, or the last 3 months. Totally up to you and the stock itself. The idea is to find what I call the natural range of a stock based on its past behaviour and hope that the stock maintains this range into the future. You can of course simply adjust it from time to time as the stock and the market goes through different behaviours (eg bull or bear), reacting to good or bad company news etc. I use the percentage value that I come up with to set as my stop loss / trailing stop with my broker. This way if the stock drops below the trail value (which automatically moves up as the stock price moves up, but never down if the stock goes down), the stock will automatically sell and I will hopefully bank any profits. Works best of course with trending stocks. You could use the buy signal to go long and the sell signal to short. Main thing for me is I don't have to sit and watch the market and worry how my shares are going. If one is starting to go the wrong way, I automatically get out. Completely up to you how you use it. It is a very simple system :) If you want to see more examples, just have a look at my profile, and if you would like access to the script, just message me and I'll send you the details.
NASDAQ:TSCOEducation
by zAngus
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