RedKTrader

RedKTrader Updated 

Took a long position today on QCOM , and it worked well. entry point was $75, and the first target is $83.6, with a possibility that i just hold it for a long term (I like QCOM for the 5G motion) i wanted to share this trade cause it's a classic example of a setup that i call "the fisherman" - and while it's very easy to learn and use, it can provide high...

RedKTrader

AAPL made a short term reversal at the $260 levels which enables a new calculation of target for the next move down. the move down is expected to be a short one - with local target at the $233 to $237 range (mid-point $235) then it's not clear where we'll go from there. Let's watch as this is expected to happen today / tomorrow... Note: the price projection...

RedKTrader Updated 

we have a short-term reversal pattern showing a possible calculated price projection of $160 to $164 - mid-point $162, and interestingly $162 was both a key support & resistance level in the prior down move. my thought, this is valid for next couple of trading days only, the mid-to-long-term / prevailing sentiment is still down. expecting any long move to be...

RedKTrader Updated 

GDX , AMEX:GLD and GC1! are all correlated - GDX lost 40% of it's peak value in 3 weeks - and shot thru the 3-year lows - this represents a "golden" opportunity - pun definitely intended :) - to someone who wants to ride the opportunity and invest in gold - GDX provides a way to do that with small capital - i would consider watching the GDX ATM Calls for 4 to 6...

RedKTrader

is it strange that i should feel happy that my previous projection was bull's-eye accurate, but i'm not? (see linked post from few weeks ago) - we even hit that projection a week earlier. (my projection was based on historic behavior of the AAPL stock in a down markets or in response to negative news in the past) Today on the weekly chart, AAPL is sill showing...

RedKTrader

many fellow traders asking this question - i've been thinking the same for couple of weeks now :) to propose an answer, here's a 5yr weekly dual (Candle vs Renko) view of AAPL Note: i used a low-res, $2, Renko block cause i purposefully wanted to "zoom out" and remove as much price fluctuation and noise as i can the idea: --------- in the past 5 years, there...

RedKTrader Updated 

possibly will close around the $156 level - and we're back to the previously defended zone as expected in the prior post -- sad week. no trades until we find our bearing, otherwise we get caught in the rough up/down waves. the issue is, it's not clear how long this situation will take to clear - otherwise it was a good chance to start accumulating a long position...

RedKTrader

updated and zoomed-in view from previous post - we hit the price projection then the bull vs bear tug of war intensified with a stormy (negative) backdrop - there's some longs coming in, and they were helped with some "shorts" getting their exit losses triggered on Friday. but we're not out of the danger zone yet, although friday showed how bullish the appetite is...

RedKTrader Updated 

i totally hate to use the weeklies, they're so volatile - but i opened a small short (March 6 160 puts) in an attempt to ride this quick move down. The day's volume and Open Interest on these contracts is crazy. still hoping we touch the $160 tomorrow - and i don't want to hold that position over the weekend. i have no doubt the long awaited correction has...

RedKTrader

sharing my short-term projection for the rest of this week - let's see how accurate we can get - expecting that if we break the $167 level going down tomorrow, then next possible support is at the $162-$160 range - we're not that far from there. - thing to note is, MSFT is not hit as hard as APPL, but will still go thru the correction before any continuation...

RedKTrader Updated 

The news will be driving the market this week - it already started last week and forced AAPL price down into the forecast zone from my last post Futures are already in the negative for all 3 major US indices ahead of the Monday market open and so are the ASIA indices. that can be a hint for an open to the downside. If AAPL opens with a gap down, this may scare...

RedKTrader

fellow traders, here's the zoom-in view (30min bars) of yesterday's session against the short-term projection levels * the last hour of the session had increased selling that started pushing the price down - indicating that sellers may continue to be in control for few more days until the supply / fear / cashing-out is over - so we'll keep watching these...

RedKTrader

scary as i was watching some positions and had to close some. This "flash move" (not saying the C word) showed how fragile the current market is - investors are hanging by a thread ready to flee .. who agrees :) ?

RedKTrader

ZM is running up in an accelerated way - here's where i think the next target will be. so far, we hit 4 exact spots (see previous chart). while we hit the last target level, it was way sooner than expected. i'm trying to get the target projections more accurate both in price level and time - but time is way too tricky and unpredictable. there is big money...

RedKTrader

hello fellow traders, i see many ideas calling for shorting MSFT - here's a quick analysis why i think this is not the time yet to do so - this is a simple monthly MSFT chart - showing volume with avg and the lower indicator is my own proprietary formula that tracks price momentum (not trend) - it in a way works very similar to an RSI - we set it to a long...

RedKTrader

In Part #1, we established how technical indicators - even the ones with high potential to be leading indicators that may enable revealing possible upcoming price movements, using the example of the Balance of Power (BoP), can come short of taking into consideration all factors associated with the price - we listed 7 specific issues that may cause BoP to show...

RedKTrader Updated 

NASDAQ:MSFT - i have been reluctant to publish a target projection on MSFT, since it broke out of all historic trends and went into an extended move towards the sky. - then i looked back / zoomed out to the weekly time frame - and voila! there seems to be some clues that this move will reach objective at the $191 to $195 range - and i strongly feel this will...

RedKTrader Updated 

I guess it's the same story with many traders, few years ago, when i first got introduced to the world of technical analysis and indicators, i was fascinated. trading is such an easy thing, just follow the indicator signals, right? then i started to dig deeper only to learn, each indicator shows something specific - and you need to know what is it that you need...