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TechnipFMC plc
Long

Oil stocks moving BUY!!

By vssebuyungo
Oil stocks are moving. Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3%

OII TDW FTI TTI HLX

Reasoning
  • Whole Industry is moving!
  • Consolidation seems done
  • Correction is not overextended
  • Good Relative Strength
  • Great earnings
  • RSI tested bullish range multiple times
  • Multiple Bullish Days
  • Always try to use 2 timeframes


My Would Be Trade Plan
  • - Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock because the leading stock always moves 50% more than the second stock in sector
  • - Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position)
  • - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
  • - Raise stop to entry when stock is 10% in your favour
  • - If, you have doubled position. Exit if stop closes below initial buy! Else keep original stop


Main Sources of My Knowledge
  • Mark Minervini
  • Constance Brown
  • William O'neil
  • Speakers on Trader Lion Youtube
  • Adam Khoo


My Indicators

14 Period MFI.
  • 13SMA and 33EMA Moving Averages added


Composite by Constance Brown
  • This is for catching failures in the RSI.
  • The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
  • Composite Settings
  • Author : Constance Brown (Connie Brown)
  • RSI Length : 14
  • RSI Momentum Length : 9
  • SMA Length : 3
  • Fast Simple Moving Average : 13
  • Slow Exponential Moving Average : 33
Trend Analysis
vssebuyungo
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