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Why TSLA Could Be Set to Rise: Key News and a Great Entry SetupTesla (TSLA) is in the spotlight right now, and several factors suggest a potential bullish trend in the stock next week: Strong Delivery Numbers: Tesla recently reported its Q2 2024 delivery figures, which exceeded many analysts' expectations. While the numbers were lower than last year's, they still indicate solid performance in a competitive EV market, with other automakers also experiencing growth. Upcoming Earnings Report: Tesla is scheduled to announce its Q2 2024 earnings on Tuesday. Analysts are forecasting revenue slightly above last year’s figures, with net income expected around $1.72 billion. Investors will be particularly interested in updates about Tesla's robotaxi plans, which have been postponed to October. This anticipation could drive excitement and boost the stock price. Market Recovery: Recently, TSLA experienced a drop of about 12.4% due to a global market sell-off. However, the stock has started to recover, and this volatility may present a buying opportunity, especially if the market stabilizes. High Probability Setup: According to technical analysis, there is a high probability setup that has already formed, indicating a favorable entry point for bullish trades. This technical signal, combined with the positive news and upcoming events, enhances the likelihood of a price increase. With these factors in play, including strong delivery numbers, an important earnings report, and a favorable technical setup, TSLA could see a bullish trend in the coming week. As always, be sure to conduct your own analysis and manage your risks before entering any trades. 6M: 3M: 1M: 2W: 1W: 3D: 2H: Entry
NASDAQ:TSLALong
by Fractalyst
58.55% Probability of USOIL Bullish Continuation This Week!Based on a mechanical top-down structural analysis from higher to lower timeframes, there's a strong probability (58.55%) of a bullish continuation in USOIL this week. This analysis, combined with hourly timeframe probabilities , suggests a favorable outlook for price movement. Follow me with the detailed top-down analyses linked below to see the key factors contributing to this bullish projection on FX:USOIL 12M: 6M: 3M: 1M: 
 2W: 1H: 2H - Entry: Take a look at these analyses to see the details behind this trade idea. If you have any questions or want to discuss further, feel free to ask. Let's make this a great trading week!
FX:USOILLong
by Fractalyst
MCHP - May 24 (MATREND v1.6)Entered Short MCHP based on the 29 May signal. This is a good exploration probe because if price breaks the resistance we should see some good downward movement. Regime Indicator: Bearish v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
NASDAQ:MCHPShort
by Ronin_trader
TER - - May 24 (MATREND v1.6)Larger bullish movement. There was a pull back and the signal seems to be aligned for a potential bullish continuation v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
NASDAQ:TERLong
by Ronin_trader
VECO - May 24 (MATREND v1.6)There seems to be a larger bullish movement Price seems to have stalled here so there is a good chance this breakout can continue. SL position is good also. v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
NASDAQ:VECOLong
by Ronin_trader
ITRI - May 24 (MATREND v1.6)Similar to VECO Bullish price movement seems to have stalled here so there is a good chance this breakout can continue. SL position is good also v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
NASDAQ:ITRILong
by Ronin_trader
TER - May 24 (MATREND v1.6)Price does not seem to be able to break upwards especially with the previous bullish signal. So a bearish signal should result in a downwards break. This is aligned to a previous successful bearish setup we saw with SRE v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
NASDAQ:TERShort
by Ronin_trader
SteadyCompound #1 Newsletter: Week 23.10.23 - 29.10.23Welcome to SteadyCompound 1st Newsletter, A few notes about my approach to nowadays trading - I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017) - I turned start-up cofounder (2020) and recently gained financial freedom (2023), which define my approach to now "trading as a hobby": refrain from over-trade and opt for high probability trade only with high R/R, clear indicators and peace of mind - My goal is to steadily compound wealth and accumulate Bitcoin long-term Trade Ideas for Week 23.10.23 - 29.10.23 1. Range has been stable for 6 months within 25K - 31K territory so we can exit our long at high 30k - low 31K 2. Taking Short Position at high 31K e.g 31600 is our SC "SteadyCompound" trade: - short into the down trend / RSI oversold +75 / year-high 31K resistant / low volume spike for 2.7 R/R ratio, targeting above 27K - hard-stop of 5% at right above 33K e.g 33113 (there is another resistant range at 31K - 33K formed during 2021-2022 which possibly allow us to scratch / take small loss on our short position) #steadycompound #financialfreedom #tradingstrategy #systematic #bitcoin p/s repost for Binance Exchange
Short
by SteadyCompound
The Reasons We Follow An Algorithmic-Systematic Approach To All We have been trading and investing in markets for decades since the early 1980s. Experienced and successful traders and market participants tend to remember their losses and mistakes instead of victories. Profits feed the ego; losses are teachers for those who realize that valuable lessons come from adversity instead of triumph. Everyone has an opinion- The only objective measure is the current price The trend is your only friend- News, experts, and all other information are subjective Trading and investing can be stressful A plan and discipline are the building blocks for success You have to be in to win- Drawdowns are a part of any trading or investing system A batting average of .300 is good enough to get a professional baseball player into the Hall of Fame in Cooperstown, New York. Each time a future hall of Famer steps up to the plate, a success rate of below 30% is good enough for infamy. Trading and investing are similar. No one is correct in their market calls all of the time. When approaching any market, there are always three potential outcomes, a profit, a loss, or a breakeven. The success rate of calling a market correctly takes a back seat to other factors. We have seen market participants who have had the foresight to call the market correctly 75% of the time and still wind up losing money. Conversely, a seasoned trader can be right 20% of the time and still make an overall profit. I usually write about specific markets on Trading View, but it is essential to look at the methodology, mindset, and path to growing capital over time this week. We follow an algorithmic-systematic approach to trading and investing. Our models come from decades of experience and the knowledge gained from mistakes that led to losses. We all have the same goal; to make money and grow our capital. The route to achieving the goal is what separates the winners from the losers. Everyone has an opinion- The only objective measure is the current price I am sure we have all heard an “expert” or pundit tell us that the current price of an asset is wrong. They may provide many compelling and convincing reasons, but they are 100% wrong when challenging a price level. An asset price at any moment in time is always the correct price for one objective reason. It is the level where buyers and sellers meet in a transparent environment, the market. The “experts” and pundits take a subjective leap of faith when using the terms expensive or cheap. Too many variables establish a price. The only accurate measure of value is the current price itself. The trend is your only friend- News, experts, and all other information are subjective Prices are snapshots. Trends are the living and breathing extension of price action. Many market participants become junkies, watching each news event, “expert” forecast, and other exogenous events that could push asset prices higher or lower. They make investment or trading decisions based on what they hear and see. The approach is flawed for three significant reasons: Trading off what one sees and hears is stale before it reaches our ears and eyes. Others have seen the news or forecast before us, and some had seen it before it appeared on a medium for all to see. The translation of an event, forecast, or news item is purely subjective as it assumes, we will make a correct analysis. The expression “buy the rumor and sell the news” or the converse runs counter to even the most complete analytical decision-making approach. Finally, reacting to any stimulus involves a primary human response, emotion. Emotions are a trader or investor’s worst enemy. They trigger responses and decisions based on fear and greed, a deadly duo that increases the chances of mistakes, miscalculations, and irrational behavior. A market’s trend is purely objective as it reflects the path of least resistance of a price based on market consensus and sentiment. Prices tend to move to levels on the upside and downside that can defy logic, run counter to reason and are not rational. Trend following blocks out logic, reason, and rational thought and favors one of the leading theories of physics. Newton’s first law states that a body at rest will remain at rest unless an outside force acts on it, and a body in motion at a constant velocity will remain in motion in a straight line unless acted upon by an external force. Trend following embodies Newton’s first law of physics. Asset prices reflect the market’s sentiment, which is the inertia that drives those prices. If Sir Isaac Newton were a modern-day trader or investor, his mantra would be the trend is your only friend as it is compatible with his first law. The physical sciences are objective. Trading and investing can be stressful We have found that decision-making creates stress. When we buy or sell an asset based on anything but the market’s trend, we make a subjective judgment. The attempt to buy at the bottom or sell at the top is a value judgment that runs counter to logic as it implies the sentiment and current prices are incorrect, a fatal flaw. Sometimes some market participants get lucky, but that only reinforces a strategy that leads to future mistakes. Picking tops or bottoms in a market is a strategy that rewards the ego as it gratifies that one called the market correctly. However, ego and vanity lead us down a dangerous path. In the 1997 film, The Devil’s Advocate, Al Pacino, the actor who played Satan, said, “Vanity-definitely my favorite sin.” Reducing stress comes from following the path of least resistance. We use an algorithmic, systematic approach to trading based on models that remain long during a bullish trend and short during a bearish one. We never miss a significant trend as we are constantly long or short the assets in our portfolio. We do not adjust our risk positions on an intra-day basis. We only reverse risk positions based on closing prices at the end of a session and execute the position at the start of the next session. Our proprietary models come from decades of trading and investing experience in a wide range of markets across all asset classes. We never look to sell tops or buy bottoms. We are long at the top and short at the bottom. However, we tend to capture significant trends, taking the filet mignon out of price trends. We have found that our mechanical approach, with a better than even-money win rate, reduces stress as it takes any decision-making out of the equation. The only job is to follow the rules, always remaining in the markets on the long or short side and reversing positions based on the model’s instructions. A plan and discipline are the building blocks for success Emotions lead to impulsive behavior. Acting on impulse leaves little or no time for planning and throws discipline out of the window. Albert Einstein said that the definition of insanity is doing the same thing repeatedly and expecting a different result. Impulsive decision-making is the root of Einstein’s insanity definition. Any risk position in any market must have a plan, which is simply balancing the financial risk versus the potential reward. Before pressing the buy or sell button, we must establish risk parameters for trades or investments when not following an algorithmic approach. The discipline is following the plan. Many market participants run into problems when a risk position goes against them, and they have no plan for risk and reward, or they modify it to allow them to stick with a wrong decision. Turning a short-term trade into a long-term investment is a common mistake. The mistake comes from a subjective call that the market price is incorrect. A way to prevent this is to remind yourself that the market price is always the correct price. We are often wrong; the market is never wrong. You have to be in to win- Drawdowns are a part of any trading or investing system We are constantly long or short the highly liquid assets in our investment portfolio because we never know when a significant trend will begin. Being in a risk position that follows trends is the only way to catch the bulk of a bullish or bearish trend. Drawdowns or losses are a part of life and any trading or investment approach. A choppy market near the high or low end of a trend will result in short-term losses. However, that is the price for capturing the long-term trend. There is no free lunch in life, and the same goes for trading and investing. The goal is always the same for every market participant, to make money over time and build wealth and our nest eggs. The strategy is what separates winners from losers. We take a long-term systematic approach and do not veer from the path. We know that drawdowns are a part of any investment or trading approach. We are in it to win it on a long-term basis. Join us for the Monday Night Call each week - all you have to do is use the link below. There's also a link to sign up for early access to these articles as well. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
CME_MINI:ES1!Education
by Andy_Hecht
47
Generating SRC ProfitsLet’s talk about SRC profits. We’ll talk about what they are, why you must have them, and how to generate them. So let’s get started. What are SRC Profits? Lately, I'm seeing all of these YouTube videos showing claims like this where someone said, “I made $1,088 in profits day trading.” Or someone claiming, “I made $1,253 in profits in three minutes.” Wow, look at this: “32,625 pounds in only 24 hours” And you know what? I believe that all these guys actually did these trades. But here’s the deal when you trade, you’re going to have trades that just work out perfectly. Yes, there will be trades where you make a lot of money. And for me, the question always is, are these SRC profits? So let’s talk about this here, because if you want to trade for a living, you must be able to generate SRC profits. So let’s take a few minutes and talk about this. S – Systematic So here is what SRC profits are. First, it’s an acronym and the S stands for systematic. Now, I don’t know about you, but I want to make my profits in a systematic way. Yes, of course, you can make money trading Tesla if you’re catching it at the right time. But you see, how exactly do you decide when to enter, and can you generate these profits again? You know me, I like to trade what I see and not what I think. I keep a special mug on my desk that reminds me of this. See, that’s why I use indicators. That’s why I have a trading strategy. Having a systematic way means that we have a trading strategy that tells me exactly what to trade, when to enter, and exactly when to exit. Sometimes you exit with a profit and sometimes, you do exit with a loss. Losses are part of our business as a trader. In short, I have a system. I love to trade based on rules and not based on my gut feeling, because whenever I traded based on what I thought, it only worked for a little bit. When I switched to trading what I see based on science, based on probabilities, based on rules, that’s when my trading turned around. R – Repeatable Let’s move on and let’s talk about the second point, the 2nd letter in SRC profits. So the second point here is repeatable. Without a system, it will be difficult to repeat the profits. Now, think about it this way. Let’s talk about Tesla . Let’s say that you caught Tesla when they announced a stock split on August 11th. And let’s say during this run you made 30% in a matter of a few days, or maybe you traded options and you made 1,000% in a few days. Can you do it again? Well, you see, if you rely on the next stock split then you might have to wait a few years. Think about it this way, is it better to generate $10,000 on a single trade, or is it better to know how to make $500 every single week? For me, I’d rather trade a system that’s generating $500 per week consistently than relying on the windfall profits. Yes, these windfall profits will happen in your trading career we’ve just talked about it. And it’s nice when it happens, but I wouldn’t rely on it. If you can generate $500 every week times 52 weeks, that’s $26,000. For me, that is better than being able to generate these windfall profits. This brings me to the next point. C – Consistent Profit The next one is consistent profit. I want to make sure that I’m getting consistent profits. Let me give you an example here. Would you rather have an equity curve like a EKG machine? Or maybe a nice steady line gradually growing from left to right ;) What is an equity curve? An equity curve is charting your account, of how your account is going. Now, I don’t know about you, but I wouldn’t want my equity curve to be like a roller coaster. Even if this roller coaster would make me more money I wouldn’t do it. I would rather make slightly less money but still have my hair instead of pulling it out with that equity. I’m not a nail biter but if I had this equity curve, this roller coaster, I would probably bite off all my nails. You know that there’s some traders who are doing exactly this. Now that you know what SRC profits are and why you need them if you want to trade for a living, let’s move on and let’s talk about how you generate these profits. 3 Things You Need To Generate SRC Profits – Number 1 So the first thing that you need is that you need to have a trading strategy or trading strategies. The strategies that I use are based on indicators and probabilities. You see, I know exactly what to trade, I know exactly when to enter, I know exactly when to exit. I know my risk, I know my potential profit, and I know my odds of realizing that profit or loss. If you don’t know my trading strategies yet, let me briefly mention them to you. So my bread and butter strategy is the PowerX Strategy, and I have written a book about this. During the pandemic I was trading a strategy called Theta Kings. This was perfect as the markets were crashing, along with the PowerX Strategy. Now, another trading strategy that I’m trading here right now is a trading strategy called The Wheel. Anyhow, let’s move on. 2. To generate SRC profits you need to have tools What is the second thing that you need to generate these SRC profits? Well, I am using tools that make my life easier. You see, I know my odds. I know my probabilities, I know what to expect and I couldn’t do all these calculations in my head. This is why I’m using tools like the PowerX Optimizer that helps me to find the best stocks and options to trade. The PowerX Optimizer shows me for any given stock the signal, the position size, how much I should trade, how much money I can potentially make, and how long I’m in a trade. All of this is important to me so this is why I love to have tools. And for The Wheel strategy, for example, I use the wheel income calculator. I've built a calculator that I’m using for picking the best stocks and options for The Wheel. You see, I need to make sure that I’m getting the very best trades for my trading. I personally would never trade without the right tools. It’s like trying to compete in a Formula One race with a Toyota Prius. I mean, nothing against a Prius, but you won’t win a Formula One race with it. And when trading your trading against some of the smartest minds in the world. Don’t bring a knife to a gunfight, have the right tools. 3. You need to have the right mindset So finally, number three, what is the third thing that you need here? It is the right mindset. What do I mean by this? You see, when trading there will be losses and you need to know how to limit your loss because otherwise these losses will be devastating. Who knows what I’m talking about? You see, you need to know how to control your risk. Take care of your losses. The winners, they can take care of themselves. Summary Now, here’s something to remember that is super, super important. Trading is a marathon, not a sprint. So super important and here’s why. Good for you if you made a $1,088 in profits in day trading, or if you made $1,253 profits in three minutes. And you know what? Good for you if you made $32,625 during the coronavirus in 24 hours. But let me ask you this, how much money did you lose before that? How much money did you lose right after you made these profits? Did you give it right back? You see, I see too many traders being blinded by these windfall profits, by these, “Hey, look at me. Look at what I did” stories and they don’t see the full story. This is why I’m doing this here to show you the full story. When traders don’t see this full story, when they just see this “look at me” stuff, they start chasing these dreams and they lose a lot of money along the way. You see, for me personally, I prefer SRC profits. Trading is a marathon, not a sprint. If you enjoyed this article, feel free to leave a comment below and share it with anyone you think may find this helpful.
NASDAQ:AMZNEducation
by rockwelltrading
1