PHM7 trade ideas
MODays ago we commented on the possibility of a pull back of MO to the $50 a level at which to open a short strategy playing the HS pattern. Today was the day to activate this strategy. The stop loss is shown on the graph as well as the expected target.
MOVery impressive HS pattern with projection below $42. If I had Altria in my portfolio I would have already sold it.
Seasonal Trade With 81.8% Win Rate Over 44 Year Period.Seasonal Trade With 81.8% Win Rate Over 44 Year Period.
Provided By Jake & Elliott Bernstein www.2Chimps.net
On Wednesday Jake will share a Seasonal Trade with a 84.8% Win Rate.
Jake Bernstein will be a contributor on TradingView when Bactesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience and he is going to teach how to create Trading Systems and how to Optimize the correct way.
This is an Example of a Seasonal Trades Package that Jake will be releasing on TradingView.com
Symbol: MO
Dates:
Buy on Close 4/13/2015
Sell On Close 4/30/2015
Stop = 12%
Statistics:
P/L Ratio = 5.5
# Years = 44
Wins = 36
Losses = 8
% Wins 81.8
% Avg Profit = 13.37%
% Avg Loss = 11.65
POSSIBLE MO SHORTI am not going to elaborate on this one , most of the commentary is plotted all over the chart. I am rather hesitant to take the "ride" down, the target is not so obvious.( 52.00 may be it. ) But if You need to trade this one , placing a safe stop at 55.50 is highly recommended.
Strong dollar and 5 year high, MO looks good to short here.With the strong dollar affecting foreign profits, and other cigarette companies showing lower profits, plus the continued negative sentiment towards the industry, this retest of the high is a good place to go short.
Looks good for a short position.It seems that the choice of direction is made. Low volatility reduces risk and provides an opportunity to increase your bid.
