PINS: Projection update; if we can hold the $19.80projection update for the spring breakout move from yesterday.
our target is $22.4 if we can hold the $19.8 level and break expected resistance at the $21.0
Pins
PINS: new Long positioni started to watch PINS recently and got to like the price action - the chart says it's ready for a fresh breakout.
initiated a long.
here are the price levels to watch for the next few weeks
the 1hr view looks even more promising
Long PINS - Delayed SignalKeep your trading simple 🚀🚀🚀
This one is more a speculative trade.
T1 = minimum risk reward 1:1
Mind term target $20.6 - Closing gap.
Entry was on the crossover.
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
Follow me to support my work, Thanks!
$PINS $20.50 Price target Short-TermFollowing Elliot Wave and Fib Retracement we could see dip to $17.50 support zone followed by a final rise to $20.50 in the following week. Price will need to test $19.50 again to prove breakout is possible. News on FB shops may be enough to turn market more bullish on $PINS. Current Price targets are estimated at $20.32. Look to enter long at near 17.50 with verification of low RSI/OBV on 1 hour charts.
PINS possible correction Seems 5 waves of elliot have completed and we need correction. be careful that we are still in the rising wedge, so wait for braking the wedge, before getting short position.
retracements are based on fib levels. also we are still in a downward logarithmic fib channel.
This Is HOW You Get Back to GREENS - Daytrading RECAP 04/22/20Hi traders,
Another small but solid up day for me. Let's take this opportunity to talk about HOW you should be trading after a drawdown!
- You take only the best opportunities. This prevents you from blaming yourself even more when you lose yet another trade while already down.
- You trade LESS. If you typically trade 3-4 trades a day, stick to just 1 or 2. FOMO is biiiig when in a drawdown and more often than not you are only digging yourself a bigger hole. Don't try to wipe week's losses in one profitable day. Your plan works, stick to it. The rest is just statistics.
- If you REALLY "NEED" to take more trades, just switch to DEMO account!
Two trades today:
1) NYSE:CLR LONG @12.57, great pattern, didn't have the strength to continue. -1.02%
2) NYSE:PINS LONG @18.15, beautiful gap, was a little nervous with the volume drying out, but with a support of the SPY I held on and it paid off. +2.27%
*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: +1.25%
Total PnL for the week: +2.44%
Good trades,
Tom | FINEIGHT
Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!Hi traders,
Tom with another recap here.
*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 description.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
$PINS to ~15All indicators (OBV, MACD, RSI) have bullish upward trend going on, with the RSI indicator @ ~38, slowly coming out of oversold levels
Furthermore, there is a beautiful hammer candlestick right off the 8MA (green line) - which could indicate that buyers are ending their rest and starting to buy the stock again - followed by very low selling volume.
Because of all these reason, I believe $PINS will hit two price targets:
1: 14.22
2: 15.34
Wall Street Terrified Indestructible Algorithm Trading Wall Street Terrified Indestructible Algorithm A.I Trading
PINS long ideaPINS looks good here. Earnings came out Yesterday and were good. The moving averages are supporting the price. Should move up to resistance in the box area and gap fill.
Pinterest better that SNAP....apparently
Pinterest has surpassed Snapchat as the third-biggest social media platform in the US in 2019, with 9% year-over-year user growth.
That seems pretty good based on reading the headline and doing no other research!
I prefer all the space up to 25 though
it looks like its out of the down trend plus massive increase in volume yesterday.
hopefully it can get to 25 or higher.
100 DMA around the 24 area.
as always anything can happen!!
Pinterest sideways move till earnings reportHi all,
There is no particular reason for PINS to make a move at this moment. In my opinion it just follows the market's trend and i am expecting it to accumulate on the upward channel till next earnings report. At this time i am expecting a gap up or gap down depending on the results. To be honest it's a very difficult trade but i think that since the market is doing well that they are not going to risk another bad quarter and they somehow show the results in a positive way and keep anything bad for another quarter.
PINSI personally hate pins, but im testing to see if it will breakdown any lower. I hoping it goes back to mid 20's but this week should give us a clear indicator.
Zuckerberg is Bottle-Necking The Entire Collective ConsciousnessI post all these well researched and unique articles all over Facebook groups, but all of them get blocked...
This Fascistic Orwellian censorship is bottle-necking the entire human collective consciousness, and the damage Zuckerberg and his Big Tech Cartel Cohorts are doing to the human collective consciousness is incalculable, and they should be tried in the Hague for crimes against humanity.
Zuckerberg has given the Poynter Institute access to their algorithms so they can decide what is real and what is fake, yet they have shown time and time again that they are just as biased as every other media organization -- maybe even more, and this was displayed clearly for all the world to see when they refused to cover Bloomberg's recent decision not publish investigative reports about Democrats. According to the Poynter Institutes "Fake News Codex", which I am about to show you in the list below, this would warrant labeling Bloomberg as a highly biased news organization, which should result in up to 80% reduced sharability
We should be terrified by the world these Tech Companies are trying to create; a world where the average man and woman will be completely powerless to the ruling elites hypocrisy, fraud, and lies. For awhile, the internet was a tool that enabled unprecedented hyper inter-connectivity, giving the masses a tool to fight back against corruption, but now those days are over. Today, anything that contradicts the mainstream narrative will be deboosted, or even outright blocked, and your account will be banned. Today, if the government says it's true, it is just true, and we will have no way to counter their lies.
The Poynter Institutes "Fake News Codex"
bias: OpenSources: "Extreme Bias: Sources that come from a particular point of view and may rely on propaganda, decontextualized information, and opinions distorted as facts."
conspiracy: OpenSources: "Conspiracy Theory: Sources that are well-known promoters of kooky conspiracy theories."
clickbait: OpenSources: "Clickbait: Sources that provide generally credible content, but use exaggerated, misleading, or questionable headlines, social media descriptions, and/or images."
fake: Fake News Codex: "Sites that are fake,… A site doesn't need to exclusively publish fake content to qualify. In fact, many publish a great deal of authentic material, though it’s typically presented in a biased and tawdry fashion. This 'real' content serves as cover for the fake."
OpenSources: "Fake News: Sources that entirely fabricate information, disseminate deceptive content, or grossly distort actual news reports."
Politifact: "Fake news sites: There's little consistency of content or style among fake news sites — the common thread appears to be that they distribute fabricated content, but the reasons aren’t always apparent."
Politifact: "News imposter sites: Adding to the fog of fake news online, several websites appear to try to confuse readers into thinking they are the online outlets of traditional or mainstream media sources."
Snopes: "Fake News Sites and hoax purveyors… spreading fake news and outlandish rumors" and "false, disruptive claims" that "regularly fabricate salacious and attention-grabbing tales."
satire: Fake News Codex: "Sites that are not necessarily intended to mislead (such as The Onion and its legion of imitators), but that can be misunderstood by naive readers." OpenSources: "Satire: Sources that use humor, irony, exaggeration, ridicule, and false information to comment on current events."
Politifact: "Parody or joke sites: Many of the deliberately false or fake news stories we see in social media feeds begin on websites that attempt to parody real news — imagine the humor website The Onion, but without the name recognition (or often the comedic writing talent)."
unreliable: FactCheck.org: "Websites that have posted deceptive content." Fake News Codex: Sites that are "extremely misleading… We do not include sites that merely have a clear political or ideological bias."
OpenSources: "Hate News: Sources that actively promote racism, misogyny, homophobia, and other forms of discrimination."
OpenSources: "Junk Science: Sources that promote pseudoscience, metaphysics, naturalistic fallacies, and other scientifically dubious claims."
OpenSources: "Rumor Mill: Sources that traffic in rumors, gossip, innuendo, and unverified claims."
OpenSources: "State News: Sources in repressive states operating under government sanction."
OpenSources: "Unreliable/Proceed With Caution: Sources that may be reliable but whose contents require further verification."
Politifact: "Sites that contain some fake news: Finally, some websites appear to get duped like the rest of us."
PINTEREST - LONG TRADE - SCALPINGLong Entry Price: 19,69 $
Stop Loss: 19.30$
Profit: 21,60$ (around the 38,2% Fibo retracement of the last bearish impulse)
Good luck and nice trading !!!
#MARKTADVISOR
PINS long setup - 1:9 risk to rewardThis is crazy but I want to try this. My winning probability is lower than 15%. I am going to risk no more than 0.25% of my account in this trade. No gambling. Maybe i should buy some OTM calls.
PINS LONG SETUP:
Entry: $19.53
Stop-loss: $18.04 ($1.49 per lot)
Take-profit: $32.95 ($13.42 per lot)
Risk: 0.25%
Risk to reward: 1:9
Probability: Less than 15%
Disclaimer: I'm not a financial advisor. This is not investment or financial advice.
Trade safe,
Atilla Yurtseven
