Short
1HTA trade ideas
HYATT- WRITING COVERED CALL EXAMPLEPLEASE SEE CHART FOR DETAIL OF CURRENT COVERED CALL, WILL START ON 6/5/17 (MONDAY).
HERE ARE TWO WEBSITES YOU SHOULD LOOK AT FOR MORE INFORMATION AND PRACTICE:
1) OPTIONSPROFITCALCULATOR.COM
2) BORNTOSELL/COVERED CALLS.COM
HERE ARE FOUR YOU TUBE SITES YOU SHOULD LOOK AT FOR MORE INFORMATION:
1) CORE POSITION TRADING
2) TASTYTRADE
3) MONEYMEDICS
4) ALAN ELLMAN
*WISH YOU BEST IN ANY KIND OF TRADING YOU ARE ENDEAVORING IN, BECAUSE INVESTING YOUR MONEY IS ONLY WAY TO PROFIT.
H- H&S formation short from $59 to $52.34 & lower H seems forming a head & shoulder formation. Moneyflow is getting down to the negative. We are looking for a speculative short if it shows weakness after reaching to $59 area.
On the option we would look for $50 November-17 Puts, currently $1.35
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Head & shoulder formation
Entry Target Criteria- $59
Exit Target Criteria- 1st target $52.34, 2nd Target $44.13
Stop Loss Criteria- $60.2
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Resistance points and how to spot them. Include results tooAs you can see on the chart above, if you look at it in the long run(or trading long term), this is a result of a resistance point which is clearly labelled above.
First of all, how to identify a resistance point: the first thing you want to do when looking for a trade is to look for a resistance point, to tell if it is a resistance point or not, you have to see if there are any candles that stay around the same area or if you see a common high in the charts.
What to do if you see a resistance point: DONT buy it, yet. You should label the resistance point(like what I did in the chart above) and wait to see if the stock actually breaks the resistance point(if it does not break it after a long period of time MOVE ON to another company)it indicates that the market has the strength to become bullish. Hence you can buy the stock.
Effects of a resistance point: the stock would go downwards and you will have a loss. Unless it has an engulfing candle to counter the loss. NYSE:H
Long-Term Buy for H (Hyatt Hotels)After a significant correction, it looks like Hyatt might finally be resuming its long-term up-trend.
It being supported by its 1-year moving average (shown by the blue line), and also a 38% Fibonacci level (shown by the red line).
If the supports hold, we can expect H to head to new highs over the next 5 years, which makes it a good candidate for a buy-and-hold retirement portfolio.
Hyatt Hotels Corp bullish entry [Just an idea]Hi traders,
We can see see rejecting of the same level for a number of times. It's time to try it out.
Entry: $ 45.60
Stop: $ 43.76
Target: $ 48.91 = R:RR 1.80
Updates will follow. Good luck!
Bollinger Band Low PriceThis is an example of price being too low according to the Bollinger Bands followed by a correction back towards the SMA.
