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AMAT trade ideas

Key Ideas to trade big daily structures. Example on AMATI will keep this post short, so you can get a general idea of this trading style. First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114 Now that the structure is clear, it is easy to know if we are observing a clear breakout or a fakeout, thanks to the limits we have drawn and the way the price has respected them. So, how to proceed now? We ask this simple question. How many times can I find a similar situation like this in the past? Imagine we say four times. Ok, which is the sequence where the price goes from being inside the range towards a new bullish impulse? Here is where technical analysis will help you create a map or sequence of movements to say, "Hey, there is a pattern here that I can wait." Once you have defined that, draw it in your chart. In this case, my final filters are: a) Wait for a new ATH (that's the confirmation that the structure has been broken) b) Wait for a 2 to 4 weeks correction (that means that after the breakout, the price is not able to make a new ATH) c) IF that happens, trade on the new ATH, with a stop loss below the 2 to 4 weeks correction and Take profit on the final Fibo extension d) IF that doesn't happen, do not trade e) Move the stop loss to the entry-level if the price reaches the first Fibo Extension. f) Risk: We will use 2% of our capital on the stop loss. g) Relax and Wait. As you can see, this is a methodic way of developing a setup that provides a lot of control over your executions, and you can proceed based on a pre-established set of rules. This is extremely helpful to overcome emotions and bring consistency to your strategy. Remember: Do not try to avoid a stop-loss; create procedures to control them. My win rate right now is 55% - 60%. That means that almost half of the time, I'm wrong; HOWEVER, when I'm right, I make more than 2 dollars of every dollar I'm risking. Trade like a casino! Thanks for reading!
NASDAQ:AMAT
by ThinkingAntsOk
25
AMAT: Trade the wedgeAMAT (swing): (In the process of filling the gap on the down) ~Watch the support zone 135.40-136.50 for a bounce to PT1: 138 / PT2: 140 / PT3: 144 ~Monday may see a dip to 133-ish area, if support doesn't hold. I would buy calls at 133. (Price likely will recover 2 bucks after the pullback) ~We are still trading in a missive looking wedge and probably will be for at least another month. Take advantage of using the zone inside the wedge for the time being to make swings. (there is at least 10 bucks between the support and resistance line.)
NASDAQ:AMAT
by CheckMatted
strategy for AMAT Wednesday 09/01/2021(AMAT buy price 135.00) (AMAT sell price 133.00) strategy: amat with strong reversal signal. Here is the plan if you open with above and close to the closing price we wait for confirmation to enter the buy, we take profit in the double top. If the open is in zone # 2, for example 136.00, we wait for the break of the double top, our buy price is 138.00. Something important for amat is that it is in a divergence between the 5mn bearish charts, and the 15mn bullish charts, we must confirm the uptrend above the 5mn gr. our bearish entry: it must be below the sell price and below the mv 200 by 15mn
NASDAQ:AMAT
by RobertoTraderWithoutStress
AMAT running out of steamNASDAQ:AMAT has been seriously testing its dynamic support through last weeks earnings report, but has not yet posted a full daily candle beneath. Still, that support has been functionally invalidated by 4 successive candles poking through. In my opinion, a new technical structure is therefore forming. How price action respects the MA200 and/or key supports in the 115-120 range will help define the new channel and pattern. The largest potential drop (excluding external catalysts) could be to the 118 level, i.e. at the confluence of the MA200 and 19MAY low. Longer term, NASDAQ:AMAT will continue to post blowout earnings, which should lead to new ATH in late 2021/early 2022. In the meantime, we may see it continuing to trade on the lower side of FMV with a weak upward trend.
NASDAQ:AMATLong
by oerboom
Watchlist AMAT for a possible call: with TAOverall idea: If AMAT breaks 133.51, calls with a PT to 141.50 will be a go. (SL at 129.90) TA: ~Accumulation/Distribution line is sharply increasing, foreshadowing a strong incoming bull action ~MACD has just crossed over into the positive, hinting at upcoming bull action ~VI is at an intersection point, foreshadowing a reversal in momentum from its previous bear action ~RSI is at 50, giving it room to go either direction without much fear of being overbought/oversold ~ so far there have been two rejections of the 50 EMA since August 10. We are rapidly approaching a third test of this 50 EMA, which is also at the point where AMAT would need to go to break resistance. Put the two together, if 133.51 is broken, we not only would see a break of resistance, but also a cross over the 50 ema after a bounce off the long term support line. Also want to point out the obvious: the wedge that is forming long time frame.
NASDAQ:AMATLong
by MathewPiedoux