EA - A long play for the short termHi Guys, been trading quite frequently recently. Thought id post this to help with my education. :) This is strictly for educational purposes and by no means financial advice.
But as a gamer myself and having familiarity with this stick. Thought id post this potential trade. (Which i am currently in) This is strictly TA based.
So this is on the 8 hour timeframe. But i took this trade because the daily is oversold as well on many metrics i utilize which ill discuss here.
So as you can see the price had a major engulfing candle down to the level of .5 fib retracement that incorporates price action since July 2018, highlighting this long term sideways action. Price action is now starting to move above. Indicating buying pressure at this level. (indicated by the lime green line)
It also reached near this support red line that has been support since roughly April 2020.
Also notice the green box highlighting the red engulfing candle, this refers to the GAP in the daily, that i believe we will trace back up to.
Indicators:
Now notice the RSI, is oversold, forming bullish divergence with price. (its also oversold on the daily)
Now the next 3 are momentum indicators:
MACD showing signs of increased bullish momentum.
ADX showing bearish momentum, i would wait for a cross of the green line but since im treating this trade as a swing trade, i went ahead and opened positions. Since my MACD , STOCH are nearing end of bearish momentum and RSI is oversold.
Stoch RSI also close to crossing over the 20 level which indicates bullish momentum picking up.
Overall my target here is around $128. My stop is below the RED SUPPORT LINE.
Hope this was insightful. Let me know if yall are in this trade too and if so what your seeing! Lets discuss TA :D.
****Again this is not financial advice and remember to use stop losses when trading.
Thanks.
Saf
EA
Trading With Robots (EA) | Your Pros & Cons 🤖
Hey traders,
Trading robots are commonly perceived as a sort of magic button. Once it is clicked, the system starts trading automagically, generating consistent profits. What can be better?
However, many pitfalls are hidden behind its simplicity.
In this educational article, we will discuss the advantages and disadvantages of trading with Expert Advisers (EA) / robots.
Let's start with the positives ➕:
The first major advantage of EA is the fact that it works 24/7, without delays and coffee breaks. Once it is launched, it will keep working till you stop it.
The second advantage of EA is that it is non-emotional and objective.
It strictly follows the algorithm and rules determined by a program. It is not influenced by psychological biases, making each trade extremely precise.
The third strength of trading robots is the processing speed and its limitless scalability. EA can monitor dozens of trading instruments on multiple time frames simultaneously, not missing any bit of information. Hence, it requires less time for decision-making and trade execution.
The fourth advantage of EA is the simplicity of its backtesting. Once the algorithm is written and the order execution rules are described, they can be quickly and easily tested on a historical data.
So far, sounds like a panacea, right?! But now, let's discuss the negatives ➖:
Similar to any software, app or program, the EA is vulnerable to bugs, and may occasionally lag. Therefore, it requires a constant oversight and maintenance. In order to fix the bugs and maintain that, a high level of experience is required.
One should have the advanced skills both in coding and in trading.
Moreover, admitting the fact that the market is constantly changing and evolving, one should regularly update the EA and adapt it.
In comparison to humans, trading robots are not learning, they do not evolve themselves.
Leaving the robot without supervision, updates and patches, it may blow the entire account in a glimpse of an eye without any embarrassment.
One more important thing to add about EA, is the fact that it is technical analysis based. For now, there are no solutions on the market that would allow the integration of fundamentals in the algorithm.
Unfortunately, most of the traders overestimate the strengths of trading robots, completely neglecting its obvious weaknesses.
If you decide to apply EA in trading, always consider its pros and cons that we discuss in the post.
❤️Please, support my work with like, thank you!❤️
EA - Common StructuresViewing similar structural formations at different points in time on EA
This is enhanced by the fib circle, which allows the view of a larger up move following the yellow (1) formation in circle.
Red is a double top.
White are double bottoms. Along with yellow which are also double bottoms, but are closer to the break out point for the bulls.
EURAUD BUYWe can see a third touch of the 4h and daily up trendline. if it respect this area with a touch into the demand zone - we should technically see price go long to atleast previous equal highs.
If you agree and want to see more technical analysis - please follow this page.
And have a great trading day week and month!
#EAElectronic Arts ... what if NFT!? Mega freaking rising wedge, if it does breakout the pump could be massive, a la NVIDIA.. What could be the catalyst I wonder... what if will announce NFTs? High risk high reward play, watch for the market and a possible correction in the next weeks. Time frame uncertain, could be weeks..or longer.
PT:170$
Stop loss if breaks major trendline.
All major daily EMA at support. It's make or break.
Electronic Arts, a perfect trade???Electronic Arts (EA) a pefect trade? + 13.55% in two months!
Sometimes this work really gives satisfaction, this is certainly the case of the trade on Electronic Arts, closed on Friday a few ticks from the high of the day.
Having entered an important volume level close to the lows of the last year, I initially decided to set 148 as a target, but on Friday, also thanks to a considerable expansion of the market in general, which needs a pull-back in my opinion, I decided to follow EA intraday, closing the trade in an excellent way with a RR of 1: 4.
Entry: 129,49
TP: 146,50
Stay tuned!
Happy trading
Lazy Bull
EA strong amongst the overblown fudTreasury yields pulled the entire market down except for EA. The lone soldier looking strong. Chart looks great on the weekly. Last candle had a long lower shadow at support. This weeks candle is an engulfing candle. Barring the market being a bigger turd than it already is, EA should move back to the $140 range by the end of next week.
The idea that treasury yields rising can bring an entire market down is ridiculous. I'd rather own a high yield dividend stock. I'm not buying into the B.S. The market will move higher. Loading 10/8 EA calls at open.
Electronic Arts (EA) AnalysisAfter the investment made on Activision last week, today I bring you an analysis on EA (Electronic Arts).
The mother of Fifa and Madden (for those who were not interested in video games, let's talk about the company's core business), ended a long accumulation phase that lasted from December 2020 on Friday, when the price broke the support structure in the $ 135.30 zone
Possible bear trap to create liquidity again and then start a new uptrend. In this case, the resistance to break is $ 149.
If, on the other hand, the price continues to fall, the most interesting entry levels are:
- $ 127
- 112.50 (definitely the most important and attractive level)
Only due to a major reversal of the Nasdaq, EA could it go below this price.
Moreover, we find ourselves in the best time of the year precisely due to the fact that the two previously mentioned video games are out (or just released).
EA, an interesting company in the videogame sector, especially after the subscription service, EA Play, became part of Microsoft's Game Pass , another subscription service to "Netflix" which, with a monthly fee, allows customers to use content .
This too should help the turnover of Electronic Arts grow, which is composed of two other pillars: the sale of video games and in-game microtransactions.
Happy trading.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Technical Analysis Of 15 Stocks!Hi,
Again, I would like to liquidate my old debts considering stocks analysis. At the time, there was relatively little interest in mentioning your favorite stocks, it was quite impossible to make a solid "top" of that. I solved it that way, I put in this idea some stocks you mentioned here that were at least worth analyzing and some of the choices that I am currently interested in.
You should find some ideas on what to look for, lots of stocks from different sectors so, pick it or skip it:
1) AMD - Advanced Micro Devices
2) AAPL - Apple
3) BABA - Alibaba Group Holdings
4) RYA - Ryanair
5) LUV - Southwest Airlines
6) MCFE - McAfee
7) IBM - International Business Machines
8) NOBI - Nobia AB
9) PENN - Penn National Gaming
10) EA - Electronic Arts
11) TCEHY - Tencent
12) TTWO - Take-Two Interactive Software
13) STX - Seagate Technology
14) GM - General Motors
15) STNE - StoneCo
Hopefully, you found something interesting to go deeper about your research. Definitely do your own research, don't follow blindly!
Also, you can share your stock (ONE) in the comments and if I saw something there I can replay it!
Regards,
Vaido