BA/ BOEING running +6.4%! Will this be the start of a new trend?OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
BA-2
BA - Breakout Imminent Repeat formations in the stock are indicating a breakout is coming. News has been positive with 737’s being re-commissioned in December and tickets being purchased as early as the end of this month. Three targets after 170-175 breaks: 1st is 190, 2nd is 227, and 3rd is 249. Tagging the third target would also mean we close another gap from the covid-19 market collapse. Currently awaiting potential bailout news as the government is considering another stimulus. In my opinion, that would be the catalyst to get this moving through the weekly red cloud that’s looming above. Good luck if you play!! I’m long in options 3 weeks out.
Oh BOEING, you dirty little son of...Boeing is loving this channel, given enough downward momentum we should see the lower target sooner than later. Obviously, I see a possible short happening soon, although I hate to chart Boeing because you never know when Big Brother will come in and hand them money. I have a target of $136- $144. This is not trading advice.
Will Boeing finally launch from this channel?Boeing has been difficult stock to trade... but the more a market consolidates, the more it blows up when it does.
We may consolidate a bit further in the purple box, but I am looking for a breakout out of this channel this month or early November the latest.
FYI: I have been wrong on timing BA twice in a row. I DO NOT want to see it close below my purple box.