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MCDONALDS CORP. DL-,01MCDONALDS CORP. DL-,01MCDONALDS CORP. DL-,01

MCDONALDS CORP. DL-,01

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MDO trade ideas

MCDONALD'S 1D RANGE TRADES Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:MCD
by Tradingstrategyguides
McDonald's 5 - 15% gains possible this weekMCD's has been trading sideways through April but a range of chart divergences and a higher-low pattern show the stock is seeing momentum shift to push higher. Catalyst: CEO confirmed on Thursday that supply chain is not a problem as others (Wendy's, Costco & others) suffer with COVID-19 outbreaks at packing factories. Divergences: Both MACD-Histogram and MACD-Lines are showing bullish divergences, although the lines have yet to cross (Mon or Tue for that). Stochastic is read to move higher having just moved above 20%, and Elder's Force Index is showing a longer term higher low in-line with the bar-chart's own. Risks: Hourly and weekly timeframes are not looking as strong. Tactics: look for an open on Monday higher than Friday's open, which will confirm the markets bullish outlook. Targets: 193 (+5%) coincides with ~200 MA and peak volume profile, beyond there, 205-210 (~15%) to test February's highs Stops: below 175 (-4%), breaking of recent support whilst its been trading sideways.
NYSE:MCDLong
by canuk101
McDonalds D1During the quarantine period, almost all catering facilities were closed, in order to comply with sanitary standards. The population of the planet was able to order ready-made food only through delivery. Mack Donalds is one of the few fast food restaurants that has the ability to conduct its activities during quarantine. This situation allowed the company to take advantage of a certain monopoly and make a good profit on it. Also, the company did not stop the McDrive function, which allowed quarantine services to buy food in fast food. Now quarantine restrictions in many countries are partially lifted and the population of the planet is increasing its activity. Those who work at this time just as often use Mac Donalds products. Shares expect good growth prospects.
NYSE:MCDLong
by StrongBull777