long amba - bottom in for nowTarget fib lines into 2016, stop bottom of pitchfork. Market is a headwind against the move. Will see if amba can hold up.
0YU1 trade ideas
Failed Bullish Bottom May Still Remain releventThough price reversed from breakout candle but still managed to close above previous low but the risk is very high. Many reasons not to believe today's reversal; first the volume was very light compared to yesterday's breakout candle, second the price managed to hold above yesterday's low and finally closed above 1% from today's low. This bullish diamond was confirmed yesterday and still remains intact. It will be invalidated if the price falls back to the diamond which is below $58 area. If u want a real time alerts go www.2waytrading.com
Oversold levels may provide entry opportunityWhat goes up must come down was the theme for this stock, before it broke out we recommended a long-term play and it went beyond your imagination but still may again provide another buying opportunity with tight stop in case this turns uglier than it's now. Real time alerts www.2waytrading.com
How to trade using EARNINGS REPORTS together with trendIn this example I am showing you how the market remembers important price levels and how you want to trade around them.
What I am showing you here is the levels where EARNINGS were reported. I have my own special way to graph that so you can see it easily without any trouble. You can see the "earnings" tab at the bottom of charts here at TradingView. If you can't see them, click on the "format" button, then look for "Events" and you can add "Dividends", "Splits" and "Earnings" to your chart. You can also add "earnings breaks" that will draw a vertical line on the day of earnings. It is very handy.
Earnings release dates are important since that is when the world is focusing on that stock: The company is updating guidance on future quarters, analysts are listening in and then advising their clients on what the prospects are for the company and traders are listening in trying to jockey ahead of customer order flow and investors are piling in.
What happens AFTER that earnings release is the market REMEMBERS that level. So, it becomes HIDDEN to our view unless the stock gapped up or down or had a big range of trading. But what we want to do is to know what the trend of the stock is and buy pullbacks to the earnings level if it is an uptrend or sell rallies to the earnings level if in a downtrend. It is really as simple as that.
The risk you take is always a matter of preference and I recommend have a stop no further away than 3 times an average daily range away from your entry. An average range can be 11-days and that will work just fine. We don't want to get caught in the small moves that can shake us out since we are dealing with an important price level.
This is unique information and this strategy will not last forever once everyone else knows about it. I am sharing it here because I simply can't take all of the trades myself and I'd like to hear about how you have made your fortune with this methodology. It's my way of "paying it forward". I've been very blessed in my life and I've been very thrilled to be a part of helping others learn how to trade better and trade in a way that makes sense. Putting fundamentals together with technical analysis is in my blood ever since the 1987 stock market crash made technical analysis credible to the world.
Feel free to post your charts here on this thread and join us over a "Key Hidden Levels Chat Room" at TradingView and join in the trading.
Tim 10/8/2015
How Far will it fall?It looks September's prediction turned to be accurate had u followed precisely Fibonacci Pivot System along with StDchannel +1 which confirmed the sell signal. First price opened below the monthly PP at the blue line and the rest was history. If u had the opportunity to get in 2% below MPP and hold to the end of the month, u would have sit on a profit of 41.3%. What is the chance that price will hit. PND also predicted 90% chance that price will hit between 58.8 and 134 and Friday closed right at that level as well which now predict we may see 95% chance that it will bounce back from 55.23 area by the end of the month if not tomorrow. If u want to learn more of this try us www.2waytrading.com
SWKSSWKS to higher highs...this is early as it has not broken downtrend, however had a nice bounce off low and have a stop below that area, may want to wait if enter for a break of the downtrend. The Fed is coming up and this stock has potential to move with the drone story...high end drones, and analyst note...went longer term as it could hit 120 again
AMBA on DronesAMBA has been beat up pretty bad and this stock is a growth stock with a PE in the 20s that is good and the earnings are great. I nibbled a bit on leaps for Jan 17, spread is high 1.30 for the Jan 70 calls but over time could do well. The projection takes it much higher than BE for Jan 17, lets hope the market helps here and the FED does not screw it up...use caution. I have a 40% and 20% risk alert on
A(U)mbrella Scalp PlayScalp and gap play
Confluence zone around gap
DMA 50 comes to the rescue.
T.W.U.C
@BLawrenceM
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AMBA measuring gap projects to around 104.IF one takes the prior high to low ( 8 points), and subtract it from the high today, you get a projection to around 104.
AMBA - Possible first signs of reversal, hit Fib R level + doji Doji up-top, possible first signs of reversal. 114 area remains crucial for longs. PT 100 on reversal, 125 target past 116.
Weak volume, falling ADX and bearish candlesReversal potential in AMBA is strong based on weak volumes, falling DMI+, falling ADX and over-extended and flat MACD. Potential for a retrace back to 66.43. Stop above previous highs is suitable.
AMBA Day Trade Retest Gap (Brad Reed Mar3,2015)AMBA expected to open at 63.69 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
Long AMBA...Looking for Bounce off of 100MA and Lower TrendlineI am looking for AMBA to bounce off of its 100MA and lower channel trendline. I do caution that I believe we might see a flush through the MA and trendline before using it as support. With the gpro lock up, we might we support levels flush through before bouncing.
I have set up a buy target just below the MA and trend lines between 48-49. I have a tight stop of 47 because it is possible that we break total down in the near term.
This is a high risk trade. If we do bounce I think we get back up to the 50MA range for a retest
Follow Up Previous Post (It was a classic bullish pattern)A month ago we posted that price is heading 45 area and it looks that has been achieved! And this is what we had to say at that time "The pattern typically forms because a supply of shares is available at a certain price, represented by the upper flat line. When the supply depletes, the shares quickly break out from the top trend line and move higher. 24% of the floats are shorted and could give you an explosive more if Sept 4th earning is seen positive. If you are interested in real-time trades or updates try us www.2waytrading.com"
