Expect the ending diagonal (whose strength I had previously underestimated) to continue until ($42.20-$42.50). This should then complete the uptrend in wave 3v or a wave-5. Currently holding 0.8 contract short averaging $37.52. Amend (10k) entry short limits from < $41.40-> $41.80 > zone to the < $42.30, $42.40, $43.50, $43.60, $43.70 > each entry at 10k to a...
WAIT FOR THE BREAKUP
Expect the correction to be concluding in an ending diagonal formation as shown on chart. There is still a mild chance to see <$39.3/66> in a spike of leg-e, though I don't think it will materialize. Hold shots averaging $37.52 <36.70-38.40> for a 1.2 standard contract size to target $32.50 Add 30k short entries @ $39.30/40/50 (if / when seen). If short entries...
All short limits should have filled to a short holding of 1.2 standard contract - averaging $37.325 Position dynamics explained on chart. I will be implementing the Risk Assimilation matrix outlined on the chart (Black box). This is a money management technique used to securing a position without the use of stop losses. Currently place limit sells at 10k @...
Short Holdings should have been adjusted to ~ 1/2 standard contract per $10,000 account. the strategy on the position is outlined above. take Care & Stay Safe
accumulate limit long for 1/2 contract size as follows limit 10k buy @ $36.00 limit 10k buy @ $35.90 limit 10k buy @ $35.80 limit 10k buy @ $35.70 limit 10k buy @ $35.60 limit 10k buy @ $35.50 Target for all @ $37.80 No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1. Don't chase the market. If you miss the trade, remember its a Friday, and...
Hypothetical scenario: (1) Entry @ 6325.0 (Buy LMT ) (2) Stop Loss @ 6290.0 | 35 points (3) Target @ 6419.0 | 94 points (4) R:R = 1:2.69 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
There is a 5 wave motive clear now on the hourly with the above count possibilities. If you are a conservative trader, it is best to use the conservative count (1-5), and update short limit entries in accordance with the latest update on idea # 15. If you are some what aggressive use the count (3i-3iii), then market should be doing a 3ii to sell in today. Place...
There is enough -ve momentum now on the 5/15min TF to show possibility for an extended correction. Sell 1/3 standard contract @ $ 39.50 to target $ 36. No Stop loss Try to accumulate 1 standard contract for an $10000 account. The entry @ $39.50 will then be the 1st entry, expect to add two more. That's why there is NO current stop. Stop to be placed after all...
Hypothetical scenario: ( 1) Entry @ 6093.5 (Sell MKT) (2) Stop Loss @ 6106.0 | 12.5 points (3) Target @ 6050.0 | 56 points (4) R:R = 1:4.48 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
The triangular correction has shifted to that shown on chart Close all pending longs at market for profit Compile another long position (1/2 contract through limit orders @ Buy 10k @ $37.90 Buy 10k @ $37.8 Buy 10k @ $37.7 Buy 20k @ $37.6 Buy 10k @ $37.5 TP for all @ $ 39 Take Care & Stay safe
Hypothetical scenario: (1) Entry @ 6019.0 (Sell LMT ) (2) Stop Loss @ 6029.0 | 10 points (3) Target @ 5990.5 | 28.5 pips (4) R:R = 1:2.85 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42 Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min) Accumulate to close all at $40 Currently compile 1/2 contract longs at:- 10k $36.10 10k $36.05 10k $36.00 10k...
Hypothetical scenario: Entry = White line (@MKT) Stop = Red Line Target = Green Line Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Buy a coming retraction into wave-c of this ascending triangular formation. place limit buy orders to accumulate 1.2 standard contract per $ 10000 account Buy 10k @ $ 31.30 Buy 10k @ $ 31.40 Buy 10k @ $ 31.50 Buy 10k @ $ 31.60 Buy 10k @ $ 31.70 Buy 10k @ $ 31.80 Buy 10k @ $ 31.90 Buy 10k @ $ 32 Buy 10k @ $ 32.10 Buy 10k @ $ 32.20 Buy 10k @ $ 32.30 Buy 10k @ $...
Accumulate shorts into the Right shoulder of the formation Size = 1 standard contract per $ 10000 Account - distributed as follows limit short 10k @ $32.50 limit short 10k @ $32.60 limit short 10k @ $32.70 limit short 10k @ $32.80 limit short 10k @ $32.90 limit short 10k @ $33.00 limit short 10k @ $33.10 limit short 10k @ $33.20 limit short 10k @ $33.30 limit...
NASDAQ moving as planned so far. Preparing for an entry at the resistance.