$BABA: BUY when everyone is fearful. Risk lovers only.$BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for $BABA's sell off, we will soar to new highs once this trade dispute gets resolved.
How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!
Only trade $BABA if you have an apatite for risk.
Trade analysis, not a financial advice.
Ichimokuchart
A journey through Time, will it repeat itself (Ichimoku)Ichimoku Time Theory on the Weekly chart.
This is my analysis of AUDJPY using one pillar of Ichimoku. These are my personal charts I use for the lower TF trades.
I have been contemplating putting charts up again as I have a few who have msg me asking for guidance with Ichimoku and this may help those interested.
Always looking for those who also study Ichimoku to share Ideas in chat, don't hesitate to msg me.
GBPAUD SS Long + 208 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8609 (the 60 KS)
Stop = 1.8589
Risk = 20 pips
Profit target = 1.8704 ( The projected daily high )
Reward = 95 Pips
RRR = 4.75 -1
2nd Entry = 1.8672
Stop = 1.8642
Risk = 30 pips
Profit target = 1.8880 (recent swing high)
Reward = 208 PIps
RRR = 6.9-1
More Aussie Weakness? - Ichimoku AUD/USD Sell Trade SetupWe caught the beautiful drop a couple weeks ago and we're going to look for more bearish entries as long as the market shows us our bearish confirmations. I am looking for a nice rejection at kijun sen for a chance to sell. Ideally we would see that right away, but news may push price around and this may end up becoming more of a sell stop entry later in the week. Either way, if I find a good sell entry I'll be aiming for our recent price structure lows, then even lower price structure lows from a couple months back. If we fail to hold at resistance or to break lower, this setup may become invalidated.
Swing trade $NTAP to all time high. 20%+ upside!As indicated price has bounced off 9 day avg line on the monthly chart; giving us a have a safe entry for swing trade to our price target of $88+. $NTAP will be reporting Q4 report on May 22nd:
"Q4 has historically proven to be a strong seasonal period for free cash flow conversion, as such we remain committed to driving free cash flow of 19% to 21% of revenues for the full fiscal year. Our confidence in our long-term vision and execution is reflected in our capital allocation strategy." - Ron Pasek: Q3 earnings calls.
My accumulation of $FB shares. Road to $220 and beyond! Last month I shared "LONG $FB - Swing trade into next months earnings!" when price was in $165 zone. I have done well since, accumulating through the month until earnings . With stellar numbers reported in Q1, I will continue adding as we still have a lot of upside left to $220+.
Trade the zones and add slowly. See you all at $220+!
$AMD: Earnings play to $30+! Almost there.The consensus earnings estimate is $0.05 per share on revenue of $1.26 billion. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 54.55% with revenue decreasing by 23.50%. Short interest has decreased by 13.1% since the company's last earnings. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, April 17, 2019 there was some notable buying of 13,780 contracts of the $26.00 call expiring on Friday, May 17, 2019. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 13.9% move in recent quarters.
More detailed info - www.earningswhispers.com.
Ichimoku GBP/USD 4HR ShortRecently started trading Ichimoku on the GBP/USD. With the Tenkan-sen below the Kijun-sen, a bearish future judging by the cloud and the Chikou span being below price indicates a continuation of the bearish trend. on the 4 hour price is trading close to the Tenkan-sen just awaiting the signal and confirmation to short this pair.
please give me any feedback i am still a novice when it comes to trading.
$CGC: Watch continuous pattern to the upside!We are currently in a falling wedge; watch price action at the bottom of the wedge for best entry point.