CSX trade ideas
Long IdeaCSX Corp is a railroad operating company with operations spread across the Eastern United States. The company hauls shipments of coal products, chemicals, intermodal containers, and a diverse mix of other merchandise. Price chart breaks over 7 months long consolidation channel and most probably start another leg higher if the weekly close above channel resistance. Look for long on weekly close above 55. Measured price target comes at 62.00.
OPENING: CSX JULY 28TH 50.5/53/56/58.5 IRON CONDOR... for a .99 credit.
Metrics:
Probability of Profit: 50%
Max Profit: $99/contract
Max Loss/Buying Power Effect: $151/contract
Break Evens: 52.01/56.99 (Slightly wide of expected move)
Delta: -3.55
Theta: 4.77
Notes: Will look to manage at 50% max.
6.13.2017 Trade Idea: CSXIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
CSX Bullish SwingI was watching a youtube video from my buddy Jerremy @reallifetrading
and he mentioned CSX (video of analysis from April 6th) so I decided to check it out to see how the stock has moved compared to his opinion. Great pattern forming at new all time highs. I'm being loose with the stop in case it decides to retest the old all time high area AFTER it triggers. If CSX breaks the pattern in a bearish manner, I'm going to look for an entry around 49.73 with a stop around 47.81
Mid term correction on CSXA long term cycle ended. Its correction is in progress. Developing a double combo. First a flat ABC followed by a fast bullish X wave to connect both corrections. All this actually doesn't really matter.
What it does matter, is the second combo. It is a zigzag where we can see a 5 waves bear cycle that should be the A wave. We can expect a B wave with 3 wave that seems to be a bullish zigzag. Right now it looks like 5-c within B about to start.
Target of this last wave (v)-c-B would be around 31.43 (30.5 would be enough too) but this trade will be shorting the C. Thus, this trade will be active on confirmation point breaking the extreme price (iv)-c-B (red line)
Bearish $CSX$CSX has had a significant run here and just broke trendline support.
Looking for a target to at least .50 retracement with this kind of run. There also happens to be previous support in the 46.20-46.50 range.
Will look to take off put debit spread in this area.
CSX , basically an up ward moving stock , to practice charting need to find a better company to trade , so this is new chart for me , to see if i can " get it "
over all , it is going up .
comments appreciated
i start my s/r lines on long time frame then add 5 year lines
then add trend lines to them and add 1 year trend
then the following charts i will add shorter time frame lines
will be adding Fibs as practice as i try to learn fibs
experianced fib persons welcome to help me ..
an elliot wave counter would also be welcome
please do not insult each other ,
but u can insult me as long as u have a chart to show me why !
