TomProTrader

TomProTrader

General Electric decision making process and reasoning for the buy. I hope this is good educational material for everyone. And anyone who got it with me, well done, we had good profit for the amount of time our funds were locked away. But this is mainly for the education, and the thought process behind one of my more recent trades, Hope everyones able to take...

TomProTrader

Looking for longs out of channel break and the new internal recently formed channel also.. We had a bullish kicker out of the recent ranges showing the buyers enthusiasm to get into this stock with force. An open higher tomorrow after the doji type candle we saw today will show the buyers continued enthusiasm. An open higher tomorrow will give more buying...

TomProTrader

Friends, We have a move with Netflix recently, And the buy was extremely obvious. Using basic dynamics. The Kicker into continuation means late buyers can still have a pop into the resistance breaking enthusiasm we had. Luckily, for me, i bought at a dynamic resistance break, with a massive 14 plus R/R. Because I assumed this would be a 3 wave pattern already.

TomProTrader

Friends, CLF. There's reasons to go long and short. Depending on what happens in the next few days. Some traders can't handle changing sides in a heartbeat because it defies the natural course of thinking. Almost all traders will have a bias and become attached to it, ignoring what the chart is actually portraying. Here, if we break 4.50, I'm going short, if we...

TomProTrader

Friends, A nice little long setting up. We have a number of factors making this long a reliable one (Providing the further criteria required is filled.) This is the situation so far: 1. We have hit a level of historical zone of support, and a sideways dynamic support level as well. 2. We saw a Doji, and a bullish kicker signal off the Doji signal. Which is very...

TomProTrader

Friends, Facebook is making a lovely move to the upside, I got filled immediately in the morning, and got a good fill and R/R. Criteria for this trade falls into these criterium: 1. We are trading in an ascending channel. 2. We hit channel bottom and had our candlestick buy signal 3. The candlestick signal came in at channel bottom,AND a 61.8 retrace of...

TomProTrader

Friends, Cyberark had lost its way a little, coming out of main channel resistance and floundering around since then. But we finally have some clear direction. 1. We've seen multiple bullish buy signals at the buying range, although most have failed so far, they've shown bullish intention. 2. Dragonfly doji bang on the 61.8 retrace of previous impulse leg, and...

TomProTrader

USDSEK has been bullish for a while. Been in and out of USDSEK more times than I can remember Risk reward for this trade is over 8. (I never make a trade with a 3 R/R and under. But most my trades average over 5. If you look back to my previous idea on this pair (Posted 19 days ago) I did buy the last pullback and i did hit target successfully, now i've waited...

TomProTrader

Friends, USDCAD is currently trading rangebound. We, on Friday had a nice buying day, riffing right off the 50EMA. Pinbar on the 50 tells me there was a reluctance to see price go below the 50EMA, which, along with the recent consolidation this stock has made, has made a strong support level. Target low is where a long term Fibonacci confluence zone is. Target...

TomProTrader

Friends, Eager to buy in after a morning star signal, we have seen nice follow through buying since the signal, bringing up back to have a retest of the previous main channel. Very promising potential. I will look again on Monday. Weekly chart looks good, with a large bullish pin bar, rejecting bearish levels with aggression. A lot of positions were clearly...

TomProTrader

Friends, GBPAUD is currently in an upward channel. The price has reacted well to the channel thus far keeping an even symmetry. Anticipating a wave 3 to the channel, bringing us up to the 1.414 extension of the previous swing (An event that has happened the last 3 times) We've had a nice potential set up here, a candlestick piercing signal and follow through...

TomProTrader

Price kicked out of 2 ranges simultaneously, eagerness has come into this stock due to their current fundamental stance, bringing the price to prices last seen in March 2000. Weekly and monthly charts look good for bullish continuation, Both charts showing A lot of positions have been bought against previous downside selling pressure, especially noticeable in...

TomProTrader

Looks like a very harmonic beautiful completion of three drives shall be taking place, but before this happens there's a very good long to take advantage of to the upside. After this final bullish impulse move to the 1.618 extension area, we may have the sell off for the 3 drives, or we may not. To be honest, the stock could probably surpass the suggested target...

TomProTrader

Traders, Nice little set up for a rebound 1. Buyers are entering the market when the price has not yet touched channel bottom 2. The buying followed through for the next 2 days 3.The buying begun where we would expect it to do so, at an area of strong Fibonacci confluence, which is an area we are inclined to feel is a support area. 4. The very recent trading...

TomProTrader

Friends We've had a downtrend stall, a bullish engulf, confirm bullish Harami and gap up has shown the bulls intension to being this stock back up to higher highs. It made a lot of sense to buy yesterday, as the breakout was clearly there, and we was able to get a good price for sure. My personal Pre market predicted opening price is 13.70's. And with this in...

TomProTrader

Looks like a nice long, Morning star signal has me interested, and on the weekly chart we see a morning star signal also. (The weekly shows the morning star is a great distance from the other MA's, so I would expect the stock should retest these averages.). This supports bullish moves until at least the weekly MA retest 1. Morning star signal 2. Fibonacci...

TomProTrader

Friends Bullish continuation in an overall very bullish uptrend. Bullish engulf, indecision day, then the kicker flag breakout day. Not going long unless opens definitely higher. Target lo- 188.00 Target Hi- 200.00-205.00

TomProTrader

Friends, Recently had a bullish engulfing signal, which actually wasn't all that significant due to the downtrending circumstances. But if trading stays above the signal then the signal probably at least deserves a daily watch. When the candle on 3.11.2015, it opened above the downtrend resistance. It became a reasonable opportunity to get in based on the fact...