NKE trade ideas
NKESystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
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- There are no guarantees or certainties in trading.
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NKE market top indicatorI think the market tops out when NKE hits ATH. It's a DOW component.
The alternative scenario is that it formed a H&S pattern and is headed for a gap fill. I'm inclined to believe the bull scenario, and short it when it hits ATH.
No position yet, just looking for opportunities.
Nike cup and handleTextbook cup and handle on hourly chart, a lot to benefit from China news. Look for a move up to gap fill 95.60
NKE looking good againNKE got beat by the .618 fib but has now found support on convergence of MA's
Target $96 is today closes strong
$NKE Amazon drops and Nike rises. Entry level $94.75 = Target price $102 = Stop loss $94.75
Looks like investors like the move by NIKE to break up the retail partnership with AMZN, they will continue the cloud partnership. NIKE direct to customer will improve margins considerably.
P/E ratio 35 (high)
Company Profile
NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
NYSE: NIKE Weekly Trade idea- Trend is up
- Price came back to test the breakout area and consolidation zone
- SL below the
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NIKE Idea NIKE is approaching to the resistance level or we could see it as a pullback. Let's see what will happen when it reaches there.
Buy Nike in pullbackAfter testing the last resistence ( now support ) in 90 USD, NIKE is getting bullish again towards all time highs in 96,30. Nearly 6% upside as shown in hourly chart.
Nike showing weakness - SHORTNike's separation from Amazon might be the catalyst needed to follow through on its weakness.
NKE Waiting to go swing long if reaction to ISM is positveDouble bottom in green zone. Stop below swing low.
LONG NKEStrong support at $90 region, confluence of fibo support from previous swing lows (.312 & .618).
Entry $0.05 above consolidation, SL $0.05 below consolidation, TP using fibo extension .618 with 2.2 RR.
NKE Retest/RemountNKE has pulled back to its previous breakout level of $90. It has retested this level, remounted and held over it with moving averages to support another move upward to retest highs at the $95-97 level. This has a potential 5-7% move.
Moving averages, levels, reversal candles: Nike has them allCheck out the pullback in Nike (NKE)! The DJIA member broke out to new highs in September on a strong earnings report. It ran to the high 90s and then stalled and retraced almost the entire move. NKE shares are now back to their $90 breakout zone, which was also resistance in April and July.
On top of that NKE is holding its 50-day moving average and has had several interesting candlesticks recently:
-Oct. 30: Inside day
-Oct. 31: Outside day
-Nov. 5: Inside day
-Nov. 6: Outside day
Those are all potential reversal patterns. When you consider that the short-term trend was bearish after a slide in late October, that would suggest stabilization. Not hugely compelling in isolation, but throw in the $90 support line and 50-day moving average and you have some serious confluence on the chart.
The macro backdrop is also interesting, with the positive Chinese news today. (Remember China is a key growth market for NKE.) Retail sales are next week and company earnings are shortly before Christmas.
Black Friday is still three weeks away. Will the holiday shopping start early in NKE?
NKE
Update on NKE- NKE has shown clear support on the ER gap around $90
- I think it'll continue to consolidate for a few days before any noticeable gains are made
- Short MACD on the daily chart is coming off the back end, good entry point here
- If NKE breaks $91 I think we'll see a run to $93 or $94
