Oil stocks are moving. Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3%
OII
TDW
FTI
TTI
HLX
Reasoning
My Would Be Trade Plan
Main Sources of My Knowledge
My Indicators
14 Period MFI.
Composite by Constance Brown
OII
TDW
FTI
TTI
HLX
Reasoning
- Whole Industry is moving!
- Consolidation seems done
- Correction is not overextended
- Good Relative Strength
- Great earnings
- RSI tested bullish range multiple times
- Multiple Bullish Days
- Always try to use 2 timeframes
My Would Be Trade Plan
- - Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock because the leading stock always moves 50% more than the second stock in sector
- - Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position)
- - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
- - Raise stop to entry when stock is 10% in your favour
- - If, you have doubled position. Exit if stop closes below initial buy! Else keep original stop
Main Sources of My Knowledge
- Mark Minervini
- Constance Brown
- William O'neil
- Speakers on Trader Lion Youtube
- Adam Khoo
My Indicators
14 Period MFI.
- 13SMA and 33EMA Moving Averages added
Composite by Constance Brown
- This is for catching failures in the RSI.
- The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
- Composite Settings
- Author : Constance Brown (Connie Brown)
- RSI Length : 14
- RSI Momentum Length : 9
- SMA Length : 3
- Fast Simple Moving Average : 13
- Slow Exponential Moving Average : 33
