Get started
Discover Financial ServicesDiscover Financial ServicesDiscover Financial Services

Discover Financial Services

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

DFS trade ideas

Bank vs. Cryptocurrency #16 (DFS)Chart pattern recognition in real time is something that do not need too much minutes for analyze, In a past post I commented about no expend more than 3 minutes rethinking, reformulating, reanalyzing But it sounds contradictory If I use a discretionary method for picking stocks and I have thoughts and opinions about the stock chart that I watching For example If I select 5 names of 100. What is my argument for select these 5 I have a criteria for picking stocks, is technical but It is not scientifically proven, is discretionary/qualitative based in experience If I recognize a pattern when I selecting charts is because I saw some similar in the past and in then in the present I immediately recognize that here there are an opportunity for making profits I recognize patterns, but no because I readed a lot of books I recognize because I learned in real time, that the development of a chart pattern take in some cases years to take shape, I not propose an Idea simply because I wanna post and get likes. I spend hours looking charts but when I recognize and opportunity in a specific stock, I do not spend more than 2 or 3 minutes. Then I make a Top Down analysis From Weekly to daily to 4-Hrs and draw the main resistance and support lines. I search gaps in the daily chart I search for some candlestick patterns and what tell me those candles in set with the methodology that I use (Support Resistance) Plus moving averages. For example this idea is based in a continuation pattern in a trend and the concept that resistance becomes support.
NYSE:DFSLong
by Alex_Quiroga
DFS: Post-FOMC longDFS is offering an interesting setup in the monthly, daily and 65 min charts. We can clearly see the reaction to the news has been positive and can expect continuation into the highs. Target on chart is derived from monthly price action, the stop from the daily, and we use the 65 min timeframe to get a clear picture of the price action around the news. All 3 timeframes support the idea that going long at market open is wise. Risk is a drop to 53.74, but upside is as high as 58.10 within 3 months or less. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NYSE:DFSLong
by IvanLabrie
1