How I've traded Netflix this year. Morning traders.
I just wanted to share how I've traded Netflix this year with the script I am using and the results I've gotten.
Traded netflix only on an account with a well known CFD provider. £200 deposited and 76% gains on investments since March risking 1% per trade.
This information is all provided by the back test data screen shot at bottom of the screen.
As you will see from the idea screen I have provided details of how the script prompts me when to enter the market.
I simply enter the market set my stop loss and take profit targets and let the trade play out. That easy!
All the back test data backs the strategy up and takes away all the emotion of trading. Something we all struggle with as traders.
Once the trade has played out I simply wait for the next signal alert and go again.
This particular example is working the H1 and the example is taken from back in June and July.
Currently I am in a live long position on this chart as we speak. So we will see how that plays out.
For any more information on the script I am using please message me.
Followthetrend
USOIL: #stayhome effect Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement?
Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart.
How much lower can the price go? Can it reach the lows of 1999?
My answer is: why not?
Most of developed countries are on quarantine #stayhome and the supply wasn't cut by OPEC.
The major US indices, including DJI, S&P500 and Nasdaq, have fallen in the following order: 35%, 30% and 25%. While different sectors and industries in the US have the following yearly performance so far:
1. Energy minerals sector (931,2B MKT CAP): -58,04%, out of which e.g.:
-Coal Industry: -69,17%
-Oil & Gas production Industry: -62,67%
-Integrated oil Industry: -57,05%
-Oil Refining/Marketing: - 55,7%
2. Industrial Services Sector (515,96B MKT CAP): -36,09%, out of which e.g.:
-Oilfield Services/Equipment Industry: -60,01%
-Oil&Gas Pipelines Industry: -42,93%
3. Process Industries Sector (681,34B MKT CAP):-27,36%, out of which e.g.:
-Pulp&Paper Industry: -50,05%
-Chemicals: Major Diversified Industry: -49,87%
-Agricultural Commodities/Milling: -41,45%
4. Non-Energy Minerals Sector (476,43B MKT CAP): -25,73%, out of which e.g.:
-Steel Industry: -48,32%
-Other Metals/Minerals: -40,16%
-Aluminium: -39,87%
5. Transportation sector (569,48B MKT CAP): -23,84%, out of which e.g.:
-Airlines industy: -49,2%
6. Finance sector (6038,64B MKT CAP): -23,12%, out of which e.g.:
-Life/Health Insurance Industry: -37,69%
-Real Estate Development Industry: -37,64%
-Financial Conglomerates Industry: -34,83%
-Major Banks Industry: -31,13%
7. Consumer Services sector (1481,09B MKT CAP): -21,53%, out of which e.g.:
-Hotels/Resorts/Cruise Lines Industry: -43,78%
-Casinos/Gaming Industry: -34,22%
8. Producer Manufacturing sector (1030,45B MKT CAP): -21,02%, out of which e.g.:
-Auto Parts: OEM Industry: -34.64%
-Metal Fabrication Industry: -33,09%
-Industrial Conglomerates Industry: -31,72%
It's quite interesting when and how these industries will be able to recover, but I am quite sure it's a great opportunity to start analyzing particular companies and building portfolio with these businesses.
This is going to be my next step...
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Follow the Trend, My Strategy!This is my trading plan. You can look through my published ideas to look at other examples.
I need 3 reasons to enter a trade.
1. A clear direction. I use 3 emas 50, 100, and 200 as shown in the chart.(Required)
2. A horizontal support/resistance area. (Required)
3. Price retrace to one of the emas to act as resistance. (preferably than fib)
4. Fib continuation 0.382, 0.5, or 0.618 level.
Placing a stop loss.
My target for stop loss is between 10-25 pips.
I place my stop loss behind the horizontal and/or the next ema.
My target price is always 2 times more pips than I risk.
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I trade between 15 pairs, and on 30 minute time frame.
One reason is to counter F.o.m.o trading(Fear of missing out).
Counters Revenge trading because my trade size is smaller, and the opportunities are endless.
Counters Gambler's Fallacy because I require 3 reasons to enter a trade,
I don't enter a trade and expect to win after losing 3 times in a row, I place a trade based on my strategy.
I'm still trying to evolve as a trader, as you can see that throughout my published ideas.