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TXG trade ideas

TEX 8 RRR spillTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NYSE:TEXShort
by fiboracle
Descending Continuation Bearish TriangleThis bearish pattern is the combination of a horizontal support line and falling resistance line. It looks price made lower higher and new lower low which is confirmed today though market was up in general. It looks next leg down will take a few months and the chance to see another 25% drop is very likely if you decide to take a short position do your homework and make your stop at and around recent swing high or 21-day moving average. Checkout www.2waytrading.com
NYSE:TEXShort
by Xafada
TEX - Divergence on 60m. | Stop : 38.34 | Pivot L/H : 38.12 | ATR : 0.88 | Stock : TEX | Entry Date : 8/25/2014 | Exit Date : | Cost Basis : $37.70 | Current Price : $37.48 | : | %Gain : -0.58% | Closed %Gain : 0.00% Fundamentals | Approximately,EPS Due Date : 10/21/2014 IBD | EPS Rating : 95 IBD | SMR Rating : C Technicals | Horizontal S&R : 1 1=ok daily .6=ok 60m 0=no n/a=waiting | Channel S&R : 1 | MA S&R 20MA=.2 50MA=.5 200MA=1 : 0.5 | Pearsons R >87 : 0.98 | Price within Fib Ret..62 : 0.5 T1 Osc -1.38 | : 1 T1 Fbar Stoch turn / crossover >= 80% | : 1 Stoch have not yet crossed 50 | : 1 | XLT : red | Group Leaders / Industry XLT : red | Group Leaders / Industry : cat + de + agco | L / S / Strategy / Time Frame : s t1 d | Symbol : TEX | Trade Rating : 67% | NOTES : good earnings but great chart so will do small size | : | Whale wisdom .com : -4.51%
NYSE:TEXShort
by SR618