Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Citigroup
Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
CitigroupSeems like XLF has been taking a brief dip. with a stochastic under 50% currently 44% I wanted to find a reasonable company that was near or at a support level on the daily, 4 hour, and 1 hour time frames. Citigroup seems like a good deal to me.
The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount.
What do you think?
Random Walk Index Indicator (RWI)This is a perfect indicator to determine the trend direction!
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✅ Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
✅ Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders,
Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time!
Trades:
1) CSCO - SHORT @47.39, -0.14%
2) C - SHORT @56.98, -1.02%
3) C - SHORT @56.99, -1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -2.16%
Total PnL for the week: -2.05%
Good trades,
Tom | FINEIGHT
One GREAT Trade a Day Is All You Need - DT RECAP 04/27/20Hi traders,
Today I kind of repeated Friday - only one trade, but a great winner! If you take a look at the ticker, I could've got +4% out of it. Am I mad? NO!! I already got way more than I aimed for. Greed will not make you profitable.
My trade:
1) NYSE:C - LONG @45.02 , I was cautious about the 45.60 area of the previous swing high, but seeing Citigroup's strength and overall markets upwards direction led me to hold it even further. +2.82%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.82%
Total PnL for the week: +2.82%
Good trades,
Tom | FINEIGHT