Not confident in this one. not much to make a decision on other than maybe momentum switch and bull trend needs to end.
Trading using a mean reversion system requires several levels of confirmation to reduce risk and increase likelihood of making a profitable trade. Trading the initial signal is rarely successful. Trading the second signal guarantees entry before primary trend. Momentum indicates a bullish pattern is on its way. Let's see how this works out.
I am not a fan of crypto but it has easily identifiable mean reversion and momentum patterns which have proven to be effective in equities and futures market. Intraday trading of BTC has too much risk as swings in BTC are fast and unpredictable. Weekly trends seem easier to play.
Requires strong bullish/bearish momentum along with a confirmation which is seen in the peak of a momentum wave followed by an alternate candle. momentum is effective in calling the top/bottom of a short term trend.
REGN is better suited for short term swing trading than TSLA or CMG. The predictable price action patterns make this worth trading although with increased volatility comes increased risk. The predictable nature helps to prevent getting caught on the wrong end of a 30 point swing.
First trade is a fluke more than anything quant related.
8 trades on this one and 5 are long, 3 are short. Total returns: 39.3% while the S&P returned 17.38% during this time frame. Working on lowering risk through keeping draw down low.
6 trades, 3 long and 3 short. SPX is benchmark, returned 8% over same time frame. trades returned 39%
Predictable price action patterns. Nothing more to say.
Do I need to say why? Wait for bull count to hit 0. Gap in bull count confirms bearish trend. You are welcome.
I listen to future but I've never traded them.
I'm not to fond of crypto for many reasons that would take too long to explain. When Hamilton created the modern financial system I don't think he intended for nonexistent money to be a practical currency for a nation state. I think that BTC hits resistance somewhere around the 1000-1050 range and get smacked back down by those market makers. The bulls will find...
TSLA has by far the most volatility out of any company I trade, although the JNUG/JDST traders would say otherwise about volatility. TSLA has maintained this trend within the 248-255 zone. I think that long term TSLA reaches 260-265 range and then falls like a rock to 180-190 then repeats the process all over again. While I wait for that short entry, nearly 3%...
This is the story of a company that has hit a bump in the road that can be fixed but not through killing a balance sheet. There are a reported 495,000 unemployed veterans in this country as of a 2015 report by the Bureau of Labor Statistics. If SBUX had announced they were hiring 10,000 veterans this stock would be soaring like a bald eagle.
Childish Gambino--Bonfire: "homegirl drop it like the NASDAQ." I'm not familiar with the girl who drops like an index during a market collapse but the S&P 500 is definitely long overdue for at the very least a major pullback. The market is incredibly over valued and tensions are escalating in Washington and around the world. A bull market is impossible to maintain...