This plan is about capturing the price movement of an Elliott Third Impulse Wave.
1. From 2009 to the end of 2014, MSCC has been trading choppily from 8.00 to 28.00, tracing a gentle bullish trend line. From the start of Oct2014, market was more volatile as MSCC surges to 36 in March 2015, followed by a wide...
Here's an idea where we use make use of RSI and Volume to project the likelihood of a potential breakout trade.
1. XLK has more or less trended higher since 2012 up till now. There was a period of sideways consolidation between Aug 2015 to Jun 2016. However, price has successfully breached the Consolidation Resistance of $44.60 on 12 July 2016 and traded...
Here's a plan for a Short Trade of Bed Bath & Beyond (BBBY), in an attempt to capture the continuation breakout move of a Triple Top Pattern.
1 BBBY has been trading in a steady uptrend from Jun 2009 to Dec 2013, rising from $28.00s to $80.00s. However, the bullish trend line was broken subsequently on Apr 2014.
2 The breaking of the trend line in 1 has...
Here's an idea which is about Trading the Continuation Breakout of a Continuation Breakout.
Yes, it might sound confusing in the first read. To be precise, this is about capturing a Short Term Breakout move, in an environment of a Longer Term Breakout that is currently in progress.
1a. Between March 2009 to Oct 2012, Philip Morris (PM) has been trending...
Hi all, this Trading Plan is about capturing the short squeeze move of price, as a result of a failed breakout.
1. Nike (NKE) has been trending steadily from 2013 to 2015 Nov. During this 23 month period price has been rising in a channel like manner, from $25 to $60s, a relative increase of over 140%.
2. Between 2015 Nov to 2016 June, the bullish trend...
This plan is about trading the “Continuation Move of a Reversal Pattern”.
The idea is to enter in the direction of the trend, after the pullback of price to the Support/Resistance level of a Reversal pattern. Let’s call it the “Baby One More Time” trade, to make it interesting.
1. Allergan (AGN) has been trading in an uptrend from May 2014 to August...
Here's an idea that is about going short a famous bank.
1 Goldman Sachs (GS) has been channeling steadily upwards from May 2012 up to June 2015.
This is a significant move where price rises from $100s to just over $210s.
Yes, the price action is noisy so, only patience in a long term trend can net you this kind of over 100% return.
2 However, the bulls...
It is May 10 2016 1:38pm New York time as I begin to write this.
Here's an idea which can be executed after you have finish reading and digested it for a while.
1 Since Aug 2010 to Mar 2013, MSFT in a sideways phase.
From Apr 2013, to Nov 2014, price is in an uptrend, with price increasing from $32s to hit $50.
After hitting 50, price consolidated...
Here is breakout idea, that will require possibly holding a long position for the longer term.
This is potentially suitable for traders looking to "re-invest" their shorter term trading profits.
1 MDT has been trending extremely well, since June 2013 to Feb 2015.
Over a period of about 33 months, price has channeled upwards, from around $38 to $79 on Feb...
Here's an idea which is about capturing the possible continuation of price increase for pharmacy chain CVS.
1 Price for CVS has been steadily trending upwards, since price managed to break above $40.00 after 2012.
This trend took the price to as high as $113 in 29 July 2015. So between Jan 2012 to July 2015, CVS experienced a price increase of $73.00 over...
Since we have started 2016 on a bearish note, here's yet another a short idea which is at least not too obvious.
The concept is to go short on a fashion design company, given that expectations of profit growth may not be that rosy, given the current economic outlook.
In other words, if more people are worrying whether they can keep a job to meet their...
Here's a Simple Flag Pattern Breakout idea, for Microsoft Stock (MSFT)
Sometimes simplicity works just fine, despite all the advancements in field of speculation.
Just like how a simple scrambled eggs in the morning will provide similar satisfaction compared to the "Australian Black Truffle, Brooks Cherries and Braised Dandelion Greens" dish at a fancy...
This is 3rd update to the TWX Trading Plan, which aims to capture the potential bullish breakout move of an Ascending Triangle Pattern.
If you recall from the previous update, we saw strong price move from 88.50 to as high as 90.48, hence confirming that the breakout has occurred.
Aso the plan mentioned the below Stop loss condition.
Hi FX Risk Takers,
This is the conclusion of the AUDJPY Hourly Breakout Trading Plan.
Price broke below 90.30 and was trading at 90.10s, I posted that the Plan can be executed.
We recall the following:
Initially we can place the Stop Loss above 90.50.
If price manages to trade towards 90.00 after entry, we can consider shifting the stop loss to...
Hi FX Risk Takers,
This is the update on the AUDJPY Continuation Breakout Plan
We recall the Entry Conditions and Time Limit stated in this plan is as follows.
Enter Short When both X and Y are TRUE
X) AUDJPY can convincingly do an Hourly close below 90.25
Y) Entry price is not higher than 90.25
Original Time Limit
Hi Fellow Risk Takers,
I did a Webinar, hosted by Maria from Exante, on The Anatomy of Trading Breakouts (Link in Reference Section).
We discussed about the Characteristics of Price Breakouts, followed by building a Trading Plan, using US Equity BDX as an example.
This is the BDX Example in writing.
For each Price Chart, I'd go through 5 Steps, to judge the...
This will be the last update to the Short OGE Trading Plan, as the breakout move is over and hence the Trading Plan is completed.
Update as of 29 July 2015:
Between 23 July to 24 July, Market has briefly traded below the theoretical price target of 28.00.
After which price rebounded sharply to trade at around 29.00 now.
I believe the...
Hi FX Risk Takers,
It has been a while since I posted a Breakout Trading Plan on FX, so this one is for all you "Serial Money-Changers" out there.
1 Looking at the Hourly Chart of AUDJPY, we note a Major Double Top pattern forming, between 2015-05-10 to 2015-06-26, with a Breakout line at 94.65.
Subsequently a Reversal Breakout of this Major Double Top occurred,...