Diageo Plc had a nice gap down 2 January that moved the stock into oversold territory based on Quant based approach that I have used for a very long time. I have traded US stocks under certain criteria with live recommendations since last January 2014 and until late autumn with fantastic results that I will publish here shortly. The approach is simple and based on...
PRA has had a big gap down that opens for a mean reversion towards my standard target for these setups at 5 MA at daily. If you would like a secondary target that normally gets you in security a bit earlier you can scale out with some of your posistion at Connors RSI reading with close above 70 on the daily. Stop and target is dynamic at 5 MA as use of stop...
This is an alternative setup based on my prior trade idea. This setup has now a confirmed ABC elliot wave pattern that normally gives potensial for high R trades. The tradesetup has a RR of 4,3 with entry at 2080 and stop at 2079 and target at 2088. Target is now at a typical Wave 3 level that has the confluence with higher timeframe supply. I will consider...
There was a huge gap down on AHC that triggers an long signal based on my mean reversal strategy. The gap har arrived at a major swing level. It is not a structural demand level, but the swing level combined with the very large gap gives a high statistical edge for an reversion to mean. I recommend getting in at the close of this kind of setups. But it is still...
ESH2015 (E-mini) has setup a long signal in the Globex session from a higher timeframe (15min) demand levels. Drilling down to smaller timeframe to get a better risk reward I have a long level that has triggered based on the demand at this level and the indication of institutional buying at this level based on an abnormal high volume spike prior to the long signal...
New setup in Cotton formed from a DP level that has a confluence with an ABC correction. This is one of the clearest Elliot wave patterns to play. The setup is giving a Risk Reward ratio at 2.5 at the quite conservative typical Wave 3 target. As an extra odds enhancer it was an VSA spike in the volume moving the price towards the entry.Target is in front of the...
One of the large gap stocks today on the upside is PBYI. This is a good short setup based on mean reversion, but I would like an even better price to be achived before engaging short in this market 2 targets based on price structure with high R value.
It is time to pick up the leftovers from the large decline in WGO after missing its earnings target. The stock plunges to a daily/weekly demand (support) that has earlier shown good demand. This kind of falls that is piercing the Bollinger bands and the RSI values in such an extension is normally due for a mean reversion setup. Recommend an entry at market after...
UPS gaps down today into the daily unfilled gap and major demand. This kind of gaps are one of the best type of gaps to trade as this very often invite retall traders to add to the initial direction from the gap and is selling into objective high risk demand levels where price action has earlier shown an unbalance in supply and demand. This is a typical mean...
The trade setup is based on my normal discretionary tradesetups I use every day for all markets . The methodology is based on identifying where there have been an abnormal unbalance between supply and demand. This zones are low risk high reward areas for taking trades as this is normally footprints of institutional buying taking place and where there is objectivly...