Part 5 of 5. The above chart is for 15 minute time intervals. As indicated on the hour chart in Part 4, Altria Group will probably consolidate for a short while. This is healthy. In the past five charts we have explained a disciplined approach to the anatomy of a trade. TRY AND REMEMBER, Don't trade on emotion, trade on analysis.
DON'S RULE: "The markets are...
Part 4 of 5. After looking at a daily and 4 hour time cycle, does the one hour chart demonstrate any near term weakness. The evidence says "a consolidation".
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in...
Part 3 of 5. The above chart is a 4 hour time period. The goal of this chart is to confirm, on a shorter term time basis, that the breakout uptrend in Altria Group is valid. Indeed it is. Once again, the elements of Don's "TRADE-MAP" approach are:
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E :...
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal...
If you go on a trip to a far-away place, wouldn't you want to use a highway map? Then why would you trade financials without a "TRADE-MAP"? I would like to introduce you to Don's "TRADE-MAP". It is a set of tools that I use to formulate opportunities. Your tools can surely be different, but stick to some core indicators that work for you over time. Here are the...
The time cycle on the chart is 4 hours. In part 2 I said there were other indicators I used to determine the STRENGTH in MO (Altria Group). Here they are, and for fun lets call them "Don's Top Ten Technicals": 1. The Ichimoku Cloud is rising. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The...
This is the second of a four part series I am writing to help you identify potential STRENGTH in your charts, and, hopefully, make you some money. Altria Group, parent company of Phillip Morris, completed a Bearish Butterfly pattern. Unlike SPY, please note two key strengths in this chart. After the C to D impulse leg the price action in MO was lower, as it...
This stock has shown great strength: I see a doublé bottom, a recent Harami pattern on the weekly chart and a clear support price level ($56). The risk for long positions is limited (about 2%-3%).
Days ago we commented on the possibility of a pull back of MO to the $50 a level at which to open a short strategy playing the HS pattern. Today was the day to activate this strategy. The stop loss is shown on the graph as well as the expected target.
Seasonal Trade With 81.8% Win Rate Over 44 Year Period.
Provided By Jake & Elliott Bernstein www.2Chimps.net
On Wednesday Jake will share a Seasonal Trade with a 84.8% Win Rate.
Jake Bernstein will be a contributor on TradingView when Bactesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience...
I am not going to elaborate on this one , most of the commentary is plotted all over the chart. I am rather hesitant to take the "ride" down, the target is not so obvious.( 52.00 may be it. ) But if You need to trade this one , placing a safe stop at 55.50 is highly recommended.
With the strong dollar affecting foreign profits, and other cigarette companies showing lower profits, plus the continued negative sentiment towards the industry, this retest of the high is a good place to go short.
