Entry
short term targets for you6h is going to at least 5.01
get in within the 4.7's and you're golden.
cheers. play safe
ETHEREUM Bullish Correction (Neo Wave Analysis) Learn NEO WAVESHi Again Everyone,
Anyone familiar with the modern Elliot Wave Theory. Its called Neo Wave and involves a reflection of the market data that better reflects todays modern markets rather then the 80's stock markets which better fit with Ralph Nelson Elliot's Elliot Wave Theory. It adds a more scientific approach to market price movements. Have you noticed the wave counts in todays time are harder to decipher when compared to charts from say 20-40 years ago?
This above picture I have wave counted for ETH/USDT applies some concepts that Glenn Neely (Founder of Neo Wave) depicts in the modern day markets where wave B exceeds the commencing price point of wave A. Typically this can be seen as the "impulsive" strength of the larger fractal. Indicating that we are about to see an incredibly bullish impulse from ETH once the correction is complete. This potential wave count will give the trader the best chance of catching the bottom of a correction if your homework has been completed correctly. This to me looks valid and waiting for confirmation to take an entry on verifying Wave C completion. I have just witnessed this and executed a trade in EOS/USDTPERP which netted me a 150% gain with leverage in just 3 hours. Take a look at EOS/USDT and I urge you to take a look at the correction that occurred before the most recent bullish move upwards to the $5.40 USD (14/02/2021) and see how modern day corrections are changing the way we treat Elliot Wave Theory. Wave C even finishes above the start of Wave A on EOS/USDT. That's how Bullish EOS is at the moment.
Please note this is not Financial Advice and DYOR as usual.
Thanks,
Husky
US Indices Backtesting and Charting Session On Price Action Hello everyone:
As promised I will periodically make these backtesting/chart work videos on different markets, pairs and timeframes.
This is for me to present the importance of backtesting in trading consistency.
Not only it will help traders to not have emotional decisions such as FOMO or fear of losing, it will give traders confidence at identifying trade opportunities and execute them when the time comes.
The more we do backtesting, the easier we spot an entry, setting a SL/TP, and remove any emotional decisions.
Today I want to go into the US Indices, specifically the SPY, NASDAQ, DOW. I will pick a few market crashed examples and dig deeper into them.
Few educational videos below on the topic of backtesting, and why it will help you in your trading journey.
How & Why I backtest:
Prevent Blowing an account by backtesting:
Backtesting & Chartwork on USDCAD:
Any questions, comments, or feedback please let me know :)
Thank you
Jojo
Great Fundamentals, and great long entry in Thermo FisherGreat value here in a hot market:
P/E 30
Forward P/Q 24.4
P/FCF 49.4
Debt/Eq 0.66
Quick Ratio 2.9
Company Information
Market Cap 194B
Income 6.3B
Dividend 0.18%
Employees 75,000
Earnings
EPS this Y 22%
EPS Past 5Y 14%
Sales Q/Q +35.9%
Equity
Insiders Own 0.1%
Insider Transactions -21.9% (Last 3 months)
Institutions Own 91.6%
Institutions added 0.21% (last 3 months)
Section 4 Forms:
Insider transactions were consolidated largely from Mark Stevenson the COO & Mark Casper the Chairman CEO exercising options and selling equity. Dec 4th & December 7th.
Wish they paid out a better dividend than 0.18% but I must admit I am impressed seeing a net margin of 11% which is why I am slapping them with a $525 price target.
UPS Entry & Long Target - Trading StrategyUPS is a terrific company that provides a valuable service. Currently the P/E ratio is very high, and with current earnings it is tough to justify this in a portfolio as an aggressive strategy. With that said, as outlined within the chart - if price offers confirmation off S1 we will find a nice entry to target the top of the wedge following that.
Keep in mind this is a terrific investment looking out long term. As outlined in two publications, they have now sold the Freight Division for $800 million and will be concentrating efforts on the legacy parcel division which is the most profitable, undertaking a "better rather than bigger" strategy.
I wish nothing but the best for this incredible company and offer the following two sources for those interested in reading about the selling the LTL division to TFI International:
“We see compelling opportunities to improve yield, efficiency, and...productivity, both near and long-term,” TFI Chairman and Chief Executive Officer Alain Bédard said in a Monday call with analysts.
"The acquisition caps a dramatic period of growth for TFI that has seen the business buy dozens of companies. Many were small operators, but the deals also include the 2016 acquisition of XPO Logistics Inc.’s truckload division, and the purchases of trucker Vitran Corp. and of truckload carrier Transport America Inc. in 2014.
Mr. Bédard said the truckload business at UPS Freight, which makes up about 10% of the unit‘s revenue, will be blended into TFI’s existing truckload operations while the main LTL segment, including 147 terminals and 50 leased sites, will operate on its own."
blog.translogisticsinc.com
www.wsj.com
SFPUSD safepal token BinanceSFP is a very promising token Safepalwallet and supported by binance.
Similar structure?
High flag formation, 2,33 is a good entry for now.
High risk for high gains.
200 pip in 3 hours XAUUSDSniper entry XAUUSD
Only trade i placed today
TP 1 and 2 completed
I closed the rest early
My last trade of the week
USDJPY IDEAwaiting for a push on the downside
then a 23 pip tp
with a 5 pip SL
going to enter at 104.64
maybe a bit earlier
XAUUSD SHORTGoing to be my last trade of the week
Need to step back a bit from yesterday
1834 is TP 1
1827 TP 2
Looking at 1820 for final destination
SL is a bit tight as it could push a bit more up then reverse
Possible Entry ApproachingIt doesn’t take a genius to figure out KO has been a good long term investment and will continue to be a good long term investment. They have been innovating for decades show no sign of stopping.
If you are looking to trade the stock there may be an entry point soon. After plunging past support of $50 in an upward channel on 1/14 the stock found new support at $48.70. It held here from 1/20 to 2/4 and just before earnings on 2/10 there was a gap up to $49.65. Price action says investors were not too impressed but did not punish it back down to $48.70 and on 2/10 KO closed at $49.60.
I believe KO can go back to $48.70 over the next few days, once again fund support, then continue trading higher to $51.00. If it holds at $49.44 there is a good chance it continues to trade in its previous upward channel and hits $51.50 before trading even higher.
I would buy at $49.75 and set a stop at $48.60. PT1 is $51.00. PT2 is $52.70.
EOS/ETH ready to popEOS/ETH look like it bottomed out, and from here it can (hopefully) only go up. I think it's a good time to look at eth pairs. There is a bit of resistance at 0.00242 Eth. But I believe it will be broken
GBPAUD LONGnearly 90 pip tp with a 20 pip SL
looking at along
1.7935 is a area were to take some profit ten bring up SL
EURNZD LONGEUR/NZD currently retesting our resistance zone and hopefully will continue in a bullish momentum.
ENTRY @ 1.67263 (OR UNDER)
SL @ 1.66800 (40 PIPS)
TP @ 1.67800 (60 PIPS)
TP2 @ 1.68200 (100 PIPS)
If you're interested in knowing our other daily trade ideas, analysis and entry points then message us directly for access.
Just a nobody making a guessI have some support lines that I feel could be pull back areas. I am thinking over the next couple months. Just looking at a potential entry point, been watching the market for quite a while so I am hoping for a drop lol
Gold sell limit Still holding this sell limit hoping I can get a pull back to activate it before the drop , it did miss my entry slightly earlier but we will see
Monthly Supply Zone?Price just get outside of my target Daily supply zone, and currently in Monthly supply zone. In Monthly supply zone, there is a break non-fresh shadow of bullish pinbar. So I think I will get better sell entry in body zone. Target sell exit is nearest Daily supply zone.
