spytrader

GS - A Long Term View for traders and investors

BATS:GS   GOLDMAN SACHS GROUP, INC. (THE)
218 1 0
From a technical perspective, there is alot to like for the long side to this chart. A typical bullish breakout setup is forming on the long term, and GS             is positioned to benefit from any continued strength in the market, from a fundamental perspective.

On the short side, there is a definite pattern for some very nice short term profitable trades even within the context of the overall long bias of the chart. It really depends on whether you trade/invest on a short term or long term basis.

We have not included all past trades for this time-frame, but the ones we are including gives a good idea of the size of the trades that were reacted to, even if they haven't hit their 1st targets. Plenty of room for profit taking w/o having to be 100% on the nose.

The ranges of the entries for the trades are clearly shown by the area encompassed price-wise by the corresponding rectangles. Some are very wide while other are smaller. Regardless of the range, every trade that we identify has a minimum target of 5x the entry range, in other words, every $1 risked has a potential for a $5 profit. Risk/reward is always a minimum of 1/5. We never show any trade on any time frame that doesn't meet this criteria.
Trading volumes have been declining for some time and the market have been sucked dry by the HFT's. The recent rally in GS has been on the back of Knight Capital's disastrous loss. I'll go with the short-side idea from here too. The comment I could add to your 5:1 reward/risk setup is that it depends upon the signal that you are working with. Some signals are 1:1 risk/reward but very high probability, from my perspective. Either way, thank you for at least acknowledging the risk aspect of your signals. Everyone would gain from pointing out the RISK in the RETURN. Thanks.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out