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Trendfollowing

JAN @ 21 OCT 2021Text me if you have any questions/comments for me. ----- JAN - Previous analysis was done on 16 Sep (red arrow) -> Recommended waiting for successful breakout before plotting entry - Since then, the stock drifted towards the mid-term support before breaking out yesterday - The long tail above yesterday’s candle can be a concern but if the stock doesn’t fall below the $1 level (orange line), it’s too early to call it a false breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a test of the $1 support and a successful rebound
ASX:JAN
by Jerm88
BST @ 21 OCT 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 14 Oct - Suggested waiting for a successful rebound around 3.42 levels before plotting half-position entry - Stock tested both the resistance (blue dash line), trendline support (purple dotted line), and the short-term moving average - Typically, an ascending triangle points towards a strong breakout but I’ve seen my fair share of broken supports too - With low daily average volume, a strong breakout would be very sudden and may be difficult to catch - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting half-position entry
B
by Jerm88
HLS @ 21 OCT 2021Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 19 Sep (red arrow) -> recommended waiting for successful breakout of counter-trendline (purple dotted line) at around 4.90 levels before plotting entry if comfortable with strong overhead resistance zone - Since then, the stock flirted with the support (blue dash line) before today gapping up and tried to breakout - Stock briefly hit a high of 4.91 before quickly retracing below the resistance with above average volume - Stock doesn’t have a history of long tails above the candle -> Today’s False Breakout is unusual - If the stock can rise above today’s high (4.92 or above), it would present a better buying opportunity - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
AUDJPY short is live 📉🙌We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has been live since 12:30 UK time. This strategy is a 1:1 RR strategy working the 30M time frame. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
RLT @ 19 Oct 2021Text me if you have any questions/comments for me. ----- RLT - First time doing a written analysis on RLT - Stock has a history of sharp and sudden price movements that are usually reserved for penny stocks - It’s super volatile and may not be a right fit for some investors’/traders’ risk appetite - Uptrends are not well-established with only 1-2 waves of HHs and HLs before a strong retracement takes place -> Trend will be difficult to trade as a Trend Follower - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs to properly establish itself
ASX:RLT
by Jerm88
INR @ 19 Oct 2021Text me if you have any questions/comments for me. ----- INR - Previous analysis was done on 16 Sep (red arrow) -> suggested waiting for a successful rebound - Since then, the stock created a LH and LL - Stock rebounded off the mid-term support and successfully break out from the counter-trendline (blue dotted line) with above average volume - Stock is currently near Previous High - Price is far from the short- or mid-term supports - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful retracement and successful rebound
ASX:INR
by Jerm88
1
IEL @ 19 OCT 2021Text me if you have any questions/comments for me. ----- IEL - Previous analysis was done on 8 Oct (red arrow) -> suggested entry if there is a successful rebound around 35.75 levels - Since then, the stock has tested the short-term support and has successfully rebounded - If you taken the entry suggestion, you would be in gains of close to 4% gains within 3 days - Current price is far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
ASX:IEL
by Jerm88
HLS @ 19 OCT 2021 Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 31 Aug (red arrow) -> recommended caution and suggested to wait for successful breakout of strong resistance zone at 5.15-5.35 levels - Since then, the stock has created multiple LHs and is now trading at the 4.57 support levels (blue dash line) - A counter-trendline resistance has also formed (purple dotted line) - Buying at a support can be a strategy that some traders used - As a Trend Follower, I prefer if the stock can prove itself by breaking out from the counter-trendline first - A successful breakout looks to be around 4.90 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
ALQ @ 19 OCT 2021Text me if you have any questions/comments for me. ----- ALQ - Previous written analysis was done on 8 Oct (red arrow) -> suggested only plotting entry when breakout is successful - Stock is gapping up and retracing during the day -> the trend still looks ok to me - Best case scenario is if the stock retraces to test the support before continuing its upwards trajectory - R is more than 10% - Strategy-to-buy (DYOR) – Suggest only plotting entry when there is a retracement and successful rebound
ASX:ALQ
by Jerm88
360 @ 19 OCT 2021Text me if you have any questions/comments for me. ----- 360 - Previous written analysis was done on 13 Sep (red arrow) -> suggested waiting for successful rebound to 9.60 levels before plotting entry - Since then, the stock briefly touched $9.60 before retracing all the way below $8 - Recent price action has seen the stock test the 9.50 resistance levels (purple dotted line) again before retracing back to the short-term support - A successful breakout of strong resistance looks to be around $9.90 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry
ASX:360
by Jerm88
CADJPY short running ⤵️🙌We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has been live since 4:00 am UK time. This strategy is a simple 1:1.8 RR strategy. Working the 30M time frame on this strategy. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
Diversify your strategyThe holy grail of diversification is to find several uncorrelated asset classes all with positive returns. One problem, though, is that diversified passive investing has caused all asset classes to become more and more correlated over time. Increasingly, you see stocks, bonds, commodities, and cryptocurrencies all move together. One approach to diversification that's increasingly popular with quants is to diversify your strategies rather than your asset classes . Long-short strategies are a popular example. Almost by definition, your short strategies will make money when your long strategies lose money, and vice versa. The challenge of making this work is that it's really hard to design short strategies with positive expected return. Since the market tends to go up over time, playing the market short is a bit like betting against the house at a casino. If you find a short strategy that actually works, that's gold right there. Fortunately, there are some relatively uncorrelated strategies that work for long-only traders. This chart shows the Invesco "Momentum" and "Pure Value" ETFs. As you can see from the red and green arrows, the two ETFs often move in opposite directions. When one is producing positive returns, the other often isn't. Owning both can help smooth out your drawdowns and returns. The same can be said for "mean-reversion" and "trend-following" strategies. Mean-reversion strategies involve buying assets that have made a big move downward. If you bought China stocks after their recent huge-selloff, that was a mean-reversion trade. Trend-following strategies, by contrast, involve buying assets that have made a big move upward. If you've bought oil and gas stocks in recent weeks, that was a trend-following trade. Both strategies tend to "work," but again, they're somewhat uncorrelated. These strategies can further be broken down into short-term and long-term versions. Oil and gas is in a short-term uptrend, while the Nasdaq index is in a long-term uptrend. Facebook and Bristol-Myers Squibb are a short-term mean-reversion candidates after their recent sell-offs, while Calavo Growers and Regis Corporation are long-term mean-reversion candidates. The nice thing about using a mixture of short-term and long-term signals is that they allow you both to profit from stable market conditions and to quickly pivot at least some of your capital when market conditions change.
MEducation
by ChristopherCarrollSmith
QPM @ 15 Oct 2021Text me if you have any questions/comments for me. ----- QPM - Previous analysis was done on 1 Sep - Suggested waiting for successful breakout of overhead resistance before plotting entry on condition of being comfortable with stock’s price volatility - After successful breakout, the stock has gone up more than 20% - Stock continues to respect the short-term support - Stock has technically had a successful rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if comfortable with the setup and the stock’s price volatility
ASX:QPM
by Jerm88
1
RNU @ 15 OCT 2021Text me if you have any questions/comments for me. ----- RNU - First time doing a written analysis on RNU - Doesn’t have a history of good uptrends but recent price action since July 2021 shows some promise that is also accompanied with sustainable volume - Price is below $0.50 which can usually lead to strong price volatility -> might not fit the risk appetite of some traders/investors - Strong overhead resistance zone around the 16-18 cents levels - Stock is trading at the 12 cents support levels - If stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support in the near future - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
ASX:RNU
by Jerm88
2
CTM @ 15 OCT 2021Text me if you have any questions/comments for me. ----- CTM - Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry - Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance - In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies - Friday’s price action is a false breakout accompanied with above average volume - Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels - If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
ASX:CTM
by Jerm88
ARB @ 15 OCT 2021Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Oct - Suggested waiting for a successful breakout of counter-trendline before plotting half entry - Since then, the stock has successfully broken out with above average volume - If missed out on the recommended entry, current stock price is far from the short-terms support - From the weekly chart, the stock looks to have had a successful technical rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:ARB
by Jerm88
EURGBP is in a key level!At the moment price reached a very important area for EURGBP and we have two different scenarios for this case: ---------------------------------------------------------- 1. Wait for rejection and buy for a bullish movement. 2. Keep looking on the chart and wait for the breakout. then sell at the pullback. ---------------------------------------------------------- So it can be a good trading opportunity that we can focus on it in the following days. We will update this post step by step and see what would be the best decision for this currency pairs. Please share your idea about it and bring your reasons. Buy or Sell and why? Thanks for being & supporting us. Good Luck!
by Brian_Philips
EURGBP long is valid 📈👍We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Trade has been live since yesterday afternoon and is moving well. Working the H1 time frame on this strategy. We're only looking for TP3. This strategy has been covered quiet a bit recently so check those ideas out on my profile. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
1
SNL @ 14 OCT 2021Text me if you have any questions/comments for me. ----- SNL - First time doing a written analysis on SNL - Has a history of uptrends - Stock’s daily average volume is quite low -> can lead to strong sudden price movements - Low average volume will also explain the stock’s price gap ups/downs - Stock is forming a strong resistance at 8.30 levels (blue dash line) - A successful breakout looks to be around 8.45 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with the low average volume
ASX:SNL
by Jerm88
LKE @ 14 OCT 2021Text me if you have any questions/comments for me. ----- LKE - First time doing a written analysis on LKE - Doesn’t have much a history of long and steady uptrends - Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out - Not usually a trend that would attract trend followers - Resistance zone has formed around the 65 cents level (purple dash line) - Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:LKE
by Jerm88
5
GOW @ 14 OCT 2021Text me if you have any questions/comments for me. ----- GOW - First time doing a written analysis on GOW - Has a history of both uptrends and downtrends - Strong resistance zone at 3.40-3.60 levels - Stock has had a quiet uptrend since mid-March 2021 and looks to be respecting the short-term support - Stock is consolidating sideways with a welcomed test of the short-term support - Successful rebound looks to be around 3.15 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry and if comfortable with the overhead resistance zone
ASX:GOW
by Jerm88
BST @ 14 Oct 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to the short-term support and today, it gapped up - A successful rebound is around 3.42 levels - A resistance level looks to have formed at 3.45 levels - An entry around 3.42 levels can be considered as a pre-breakout entry - To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
B
by Jerm88