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CC5 trade ideas

Dow drops once again #37 (COKE)Technical Concept: Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated technical jargon in an attempt to persuade and Impress the reader I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart, in an effort to impact the reader with my knowledge because I not a guru, I use a old fashion method, based in Support and Resistance , which does not need elaborate explanations. I not conceptualize because I can not control the facts, Price Action is a fact Who I am? I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis . I am a person without Higher Education, and not have Math Skills. I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and I no try to become a Quantitative Trader, since it is a lost cause, in my case. I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts. I open and reset a lot of Demo Accounts for this purpose I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position). I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books. I've learned by myself, but I do not think I'm smarter than others, “Ego is a sin” What I do? I pick Stocks manually I watch one by one without the use of a Stock Screener I follow approximately 1300 to 1400 Stocks , with different market cap I have no preference for a particular industry I follow 10 Industries even Public Utilities I do not follow Penny Stocks and Over-The-Counter stocks I not follow Stocks with an Avg_Volume bellow 100,000 with (Low Liquidity) I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends. What I can do for you? I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action and they can trade with your own system or set up My ideas are not influenced by the media or my neighbors This was my Resume and Cover letter Sincerely Alex_Quiroga
NASDAQ:COKEShort
by Alex_Quiroga
coke down 21.6% time to be a contrarian?With out using technical's except for the classic support and resistance areas. (But in this case I only have areas as support because that is the buy zones I am looking at) The market currently is down 21.6% from the all time highs. A theory or metaphor that i want to take into consideration is this, in sports every year or every other year a player gets a record contract at there position or a record happens an then later that same year a new contract happens and sets a new record. Why? Because of money. Tv deals companies make more money or there company becomes inflated with profits and they have to adjust pay in order to make there players happy, while also the cap space does increase from year to year. How does this come into being a contrarian investor? Because the contrarain knows the business is going thru a cycle. As long as the company is a good company, the company will or should always put in higher highs through the course of its history. On the chart where price bounced off support and reached the resistance level an then treated it as support after. The gap between this is about the same distance from where the all time high is to where price is currently at todays price close at 70.08. Notice how price between the support and resistance levels are almost 21.6%. In my view of the current price of the stock, this is a fair value, I'm not saying go all in. But what I'm saying is I think its a good time to buy a small amount of shares, and if price falls to the other support levels it would be time to buy more. An this is called dollar cost averaging. An this is what I call a dollar cost averaging stock to own.
NASDAQ:COKELong
by tradingformoney
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