UNHCL trade ideas
Up then down or down then up ?If you need a story to support the gap up, here it is !
Now, the price action is at a dilemma. Above it , there is a gap down awaiting to be filled up. Below, there is a gap up also awaiting for a pull back to be filled. Which will it fill up first ?
When market opens tonight, watch the 1H chart and see how the price action determine the direction. It could go further up first to close the gap before coming down to fill the one below. Or , it could have a correction by closing the gap up and then go further up.
Usually, when I am unsure, I watch the chart first and let it tells me where it wants to go. I do not look at fundamentals so you need to factor that into consideration. If you are comfortable with this stock and think it is still undervalued, then you might want to give it a shot. Else, wait for the chart to tell you what to do.
Or it could be just up and up leaving the gap below to be filled many months/years later. A good example is EURUSD where the 1.07-1.08 gap was not filled for many months. After it was filled up recently, it went up like a rocket , non-stop charging.
There is no need to pre-empt the market direction , we are not fortune tellers but traders so we follow the market. A simple rule that many (including me) that finds its hard to adhere to from time to time. We like to prove ourselves right even if it is just once and then kick ourselves for being stubborn, a smart aleck, curse and swear, haha. It is ok if this happens once in a blue moon, after all , we are humans run by emotions.
But to make this a habit and having the need to be proven right is important to you, then either you are clairvoyant or a gambler. Trade safely, this is a marathon not a 100m dash. Take your time, you only have to answer to yourself , not others. Compare your own last results and if you are happy, that is good enough. No need to compare with others.
UNH to $300? BULLISH Short TermRising channel on UNH currently I apologize for posting late, tomorrow UNH has their earnings report on Wednesday morning 4/15. I expect good things to hear, this company has strong bullish momentum right now and EMAs are on their side; while they are stuck in a rising channel I believe they have a leg higher to go until bulls exhaust out. This means that by next week they could be at $300. After that, I don't have a forecast. My position is at $270. Good luck!
*Not financial adviser
UNHSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run.
Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
---
DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
