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TSLA: That's what TRAILING STOPS are for.Hello traders and investors! I had to skip our daily studies yesterday, but now I’m back to see what’s going on with Tesla. It seems we have reasons to worry after all, but what should we do next? There are some important things to keep in mind. If you read my previous Tesla analysis, from 2 days ago, you’ll see that today’s movement is not surprising at all (link below). First, Tesla engaged in a short-term bear market, at least in the hourly chart. Yesterday it lost the purple trendline , which was our guide in the short-term and it was the line that separates the bull’s territory from the bear’s territory. Also, it lost the red line $ 437, which was another important point for Tesla. Right now, it just filled the Breakaway Gap in the hourly chart, which works as a support now. This is what an asset does after it loses strength and starts to lose its supports: It will seek for more supports. Simple technical analysis. Now, let’s see the daily chart: If you've followed the trailing stop strategy I’ve been detailing here, you would’ve sold Tesla when it triggered this Dark Cloud Cover pattern and avoided an uncomfortable pullback. The good news is this is just a pullback, as long it keeps above the 21 ema. Speaking of 21 ema, it seems Tesla is going to hit it, as we discussed in my previous analysis. It will offer a support for the price. I set the target at the 21 ema 2 days ago, but I think the purple line at $ 359 is a more relevant support, if we see a sharper pullback. The bias is still bullish on Tesla, and although it gave us a lot of signs to get out of it, it still could trigger another long trade, if we see a good reaction near one of its supports, like the 21 ema or the purple line. But right now, there’s nothing to do on Tesla, and we just need to wait. Other opportunities will come for sure. And if you liked this idea, please, support it! And I invite you to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
15
NIO:NYSE - SuperTrail and Trade Station working togetherLot happening in this chart of NIO, but thought I'd just show you how a live trade looks in TradingView using Trade Station. You can see on the right hand side where I bought the stock (added automatically by TradingView and doesn't move), and where my current stop loss is set (this one I can adjust and move up and down to change my stop). I could also add a take profit (also adjustable) if I wanted to try and take advantage of spikes - like in this case where it spiked just short of $21 before pulling back. You can see at a value of 20% for a SuperTrail / Trailing Stop Loss where I have entered and exited the trade (as confirmed by the Trade Station buy line). You can also see the approximate gains made if you had trusted and followed the trail. I think its interesting how before and after the buy and sell the 20% signal remained true for this period. Best thing I like about the trading integration with Trading View is how easy it is to visualise where your entry and exits are, and you can literally just drag the line up and down to change your position. Its cool. I like it.
NYSE:NIOLong
by zAngus
AUDUSD HOLY GRAILThe Holy Grail Trading Strategy Now, the name of this trading strategy may be controversial, but it’s a simple strategy that everyone can use. The professional trading tools you need to use are: Average Directional Index (ADX) indicator 20-period moving average The Holy Grail trading rules are simple to follow See the rules for buy signals: ADX must break above 30 and rising. Wait for price to retest the 20-period moving average (this will be accompanied by a declining ADX, which must hold above the 30 level). After the price touches the 20-period moving average place a buy order above the high of the candle. After your order is filled, place a protective stop-loss order below the newly formed swing low. Trail your SL to look in profits or take profits at the most recent swing high.
by Tradingstrategyguides
3
New record + Exhaustion gap! How to proceed?Hello traders and investors! Ok, SPX did another ATH, which is incredible! A few months ago, people thought the world was going to end, but we see a new record high still in 2020. Maybe this doesn’t make sense to some of us, but it does to Technical Analysis. The market is in a clear bull trend since April, and it seems nothing can stop SPX. Right now, it is doing something interesting: A breakout from the pre-coronavirus ATH with a gap . This makes me wonder if this is a runaway gap , or an exhaustion gap. The answer will appear soon. If this gap gets filled in the next few days, it means the trend is not that strong to keep it open, and we may see something new on SPX. If you ask me, I don’t see it as a runaway gap, as it is too late in this movement. On the other hand, SPX is close to the purple trendline and 21 ema , which may support the price if anything goes wrong. There’s nothing telling us the trend will reverse, but we could use pullback here. If I were on SPX right now, I would just set a trailing stop at the yesterday’s candlestick low and book my profits if it closes under it. But a pullback would be something normal and expected right now. It doesn’t mean to go short, but to just wait for a pullback to buy SPX again, at a cheaper price. Now, the hourly chart: There’s no sign of a pullback here, and every time SPX gets close to the 21 ema is just opportunity to buy, if you like fast trades, of course. But in the short-term, a pullback to the red line (previous top) would be ok and wouldn’t spoil the bull trend. Also, support this idea if it helped you! And follow me for more analyses! I'm here every day, after the market closes, and I'm sure you'll find something interesting around! The trend is very strong here, and since we are in new territory, we should be cautious here, and manage our positions the best way we can. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
SP:SPX
by Nathan_The_Finance_Hydra
History repeated itself on TSLA (again)!Hello traders and investors! Let’s how Tesla is doing today! Believe or not, it is behaving exactly the way it should, as we already discussed in previous analyses. We saw, for the 3rd time in 3 months, the 3-gap pattern after an accumulation: Runaway, common and exhaustion gap . The last gap always gets filled in the short-term, while the others are still open. As we already discussed, today’s candlestick shouldn’t scare anyone here, as Tesla just filled its Exhaustion gap, and if history repeats itself, we will see some correction. Pullbacks are different from reversals , as they simply offer opportunities to buy, while reversal offers opportunities to short. There’s no sign of reversal ahead , and I don’t recommend to anyone here try to guess Tesla’s top. We are in a bull trend, and the odds favors the bulls. Now, let’s see the daily chart: The 3-gap pattern suggests that a correction to the previous top (green line) would be acceptable. Today’s candlestick is bearish, but not much. Ok, so, we can expect a correction or some erratic movement ahead, but how to proceed in this situation? I always like to use some exit strategies to help me with my anxiety level while I’m in a trade. For instance, I like to use trailing stops : If the next candlestick closes under the previous candlestick low, just book your profits. Today Tesla closed under Friday’s low, so, you can book your profits. Nobody will judge you. Or you can just wait for a bearish pivot in the hourly chart. Until now, there’s no pivot, so, the game is still on. Or you may mix both strategies, and book half of your profits now, and the other half if Tesla does a bearish pivot in the 60 min chart. Do whatever suits you, and what’s the best to manage your anxiety level. Either way, the volume increased a lot, and today’s candlestick is not scary at all. See the candle evidenced by the black arrow in the daily chart above? There’s a funny story here. As it happened today, this candlestick did a new ATH and it filled its exhaustion gap. The history repeated itself . So, today’s movement was natural and expected by us for a long time now. The moment is perfect to manage positions. It’s too late to buy, but it's not time to short it either (not good risk/reward ratio). If you are trading Tesla, just book your profits with the strategies above and wait for a better opportunity. And please, support this idea if it helped! And follow me for more analyses! Every day, after the market closes, I’m here to share a few thoughts with you. Recent public trades (links below): XP: +30% AAPL: +10% LB: +45% UKOIL: +62% Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate! BECOME A MEMBER! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10
SuperTrail Indicator Video / Trailing Stop LossWas just playing around with the replay function in Trading View and thought I'd share this to show how the SuperTrail indicator worked on a couple of different stocks. The SuperTrail is basically a modified SuperTrend but instead uses a percentage to allow you to manually set the trail level for individual stocks. Some need a wider trail, some a smaller one. You might set a trail based on the last months range, or the last 3 months. Totally up to you and the stock itself. The idea is to find what I call the natural range of a stock based on its past behaviour and hope that the stock maintains this range into the future. You can of course simply adjust it from time to time as the stock and the market goes through different behaviours (eg bull or bear), reacting to good or bad company news etc. I use the percentage value that I come up with to set as my stop loss / trailing stop with my broker. This way if the stock drops below the trail value (which automatically moves up as the stock price moves up, but never down if the stock goes down), the stock will automatically sell and I will hopefully bank any profits. Works best of course with trending stocks. You could use the buy signal to go long and the sell signal to short. Main thing for me is I don't have to sit and watch the market and worry how my shares are going. If one is starting to go the wrong way, I automatically get out. Completely up to you how you use it. It is a very simple system :) If you want to see more examples, just have a look at my profile, and if you would like access to the script, just message me and I'll send you the details.
NASDAQ:TSCOEducation
by zAngus
3
why 11400 is a tough ResistanceNote I have not professional trader, do your OWN research ! key points - 11400 multi year resistance - BTC is printing "knife" drop one after the other, confirming temporarily rejection to move higher - SPX struggle at resistance - BTC correction not complete, see related idea - The previous run from 9000 to 11000 generated too much FOMO, remember to 1 rule "buy low sell high" and vice-versa - Most people are in profit, distribution, correction and accumulation necessary - The next dip may trigger a bigger bull run since people will take the opportunity. - BTC.D still high, there is probably still room for ALTS - Personally I think some major cap alts are more mature than on 2018 if this bitcoin halving fails they take bitcoin's dominance - Note that on small time frames 10800 has been holding as support Send me private message for more trading tips, saving on fees or setting up scripts on exchanges The exchanges have very different conditions, your trades may work well on one but not on another and best exchanges give much more flexibility and control.
COINBASE:BTCUSDShort
by muxie
2
Buy stop order on AlibabaI'm considering placing a buy order a few points above current weekly candle. Given the outcomes of covid19 turning positive (mainly for China) I retain the possibility of Alibaba (aliexpress included) to be one of the first industrial giants to regain pace on the asian side. If price will break out from current trendline, I think an advance to 250 could be in the "masterplan" :). Here's my strategy: Scenario 1: price advances toward 250 -> will move my SL to Breakeven Scenario 2: price advances toward 300 after some consolidation, will trail my stop every time price goes up by 10%. Worst case scenario: this will turn out to be a false breakout and will get stopped out right beneath current weekly candle. Though it is a bullish idea, I marked is as neutral, every order for me is a stand aside trading style.
NYSE:BABA
by trisperon
FLR breakout and short squeeze potentialAs PYX breaks its major downward trendline, a long position is entered with a tight stop. As this trade progresses, shorts will be forced to cover, creating a potential for a parabolic move north. Factors leading to the decision: Long-term downward trendline broken Decent bullish volume showed up at the low, noticeable to traders looking for a sign of reversal A recent small retracement created a higher-low which is an ideal place to put a tight stop for the trade 20 SMA was recently crossed and held, luring in MA traders As always, use a tight-stop and if it rips down, let it run and trail stops behind.
NYSE:FLRLong
by ericsolan
BTCUSD, Bitcoin - US Dollar: Trailing StopCOINBASE:BTCUSD Apparently we could meet three levels of resistance, in which the price could perform retracements, however physiological, and aim at a sustainable target, which in the first input occurred in 2019, in which Bitcoin had started a three-month trend from $4,000 to $14,000. Since now it started from $8,000, it could easily reach $18,000 and approach All Time High. Moreover, the hype on BTC is always very high, and many successful investors are convinced that over the years we can reach even more than $100,000. We are active traders and we try to take advantage of the trends, and so in this case the price action of indicates to remain Long until the trend will start a reversal. Happy Trading at All!
COINBASE:BTCUSDLong
by SwissTradingSchool
XRPUSD, Ripple - US Dollar: Trailing StopBITFINEX:XRPUSD The first dynamic resistance has been overcome. Now we are getting ready for the second resistance, still dynamic, in which we will know if it will be overpassed, or retested. In this case the short-term trend has reversed its direction from bearish to bullish, as Dow's theory teaches us. Let's see if it will be able to reverse the medium-term trend as well. The study of the price action through the technical analysis always helps us to understand in advance potential new trends, connected to the news of fundamental analysis.
BITFINEX:XRPUSDLong
by SwissTradingSchool
EURUSD, Euro - US Dollar: Trailing StopOANDA:EURUSD Why are we using weekly charts? Because the % of trades at profit compared to those at loss increases significantly and obtaining returns on the allocated 4/5 times higher than the maximum loss transforms our annual performance into extraordinary results made continuously, managing to accumulate capital on our account exponentially, thanks to the compounding effect plus recapitalization. Remember that the market always rewards those who have patience and takes capital away from the impatient. Happy Trading to All!
Short
by SwissTradingSchool
EXPN, Experian plc - Trailing StopLSE:EXPN What are the objections people usually make? We share some of them... A - The technical analysis doesn't provide any kind of reference. B - Patterns give us the reference at which moment to enter. A - When you enter the breakouts, you have the same odds as when you flip the coin with heads and tails. B - It's true, but when we lose we lose by -1, while when we profit we get a minimum gain of +3 to even +10. A - Technical analysis is a method in which traders are known to lose money. B - Ah yes, then go and study historical traders like Peter Brandt, Jesse Livermore, Jack D. Schwager, and so many others. A - How do you know where to place your Stop Loss? B - We have been studying the history of charts for years, finding the best solutions by comparing them with each other and understanding which is the best possible Hedging, selecting the three best and practicing them in reality for a long time, getting the performance exactly in the parameters of our Backtest. Is that enough to answer some of your doubts? Good trading at all!
LSE:EXPNLong
by SwissTradingSchool
005930, Samsung Elec. - Trailing StopKRX:005930 Technical analysis does not depend on the market, it does not depend on the historical era, it does not depend on any kind of factor other than human emotions that are always repeated on the basis of fear and greed. That's why we often find very similar patterns, that if exploited in a systematic way, you can accumulate wealth over time. Then we for an ethical factor, we always decide to enter Long, then to favor the economy of the stock market. Good trading to all
KRX:005930Long
by SwissTradingSchool
1177, Sino Biopharm - Trailing Stop and Ascending TriangleHKEX:1177 After our long entry on the head and shoulders of reversing, we are managing the position by gradually moving the stop profits below the last lows. Currently an upward triangle is forming within our trailing stop, which if it broke the resistance level would probably further give a bullish input and benefit the position value. Trading is an activity that requires patience, and if you succeed you can really have great satisfaction.
HKEX:1177Long
by SwissTradingSchool