Nextracker has had impressive result for the past two quarters where I reviewed their earnings. Both resulted in price having strong bullish moves. Yesterday the market opened with a gap up above the consolidation. This is part of a Qullamaggie Breakout and Episodic Pivot study I am currently conducting
15 June Price surfing the 10SMA and making lower highs There are two large momentum candles bringing price above the consolidation. It was also one of the rare stocks that was green while the broader market was red Risk I know the reason for the new pricing but I am unable to determine if it is so impactful that it justifies a 122% spike. But technicals seem to...
I believe the inclusion of the compounded GLP-1 drug as part of their product offerings will driving strong sales and membership numbers in the next few months. 1) Their compounded GLP-1 is significantly cheaper 2) Their platform makes it easier and more accessible to purchase 3) It is lifestyle related so monthly recurring purchases is encouraged 4) HIMS is...
Larger setup price has a strong downtrend and has consolidated upwards. Market opened with a gap down that went against the upwards consolidation As per plan I entered a short position at the closing of the first candle with some additional allowance. Post entry I’m not happy I entered this trade even though the regime was bullish. But when I was looking at the...
This is based on a new strategy that I started working on based on monitoring the larger price landscape and then observe character changes in the price action at key points. First new high Initial spike was brought about by news that HIMS would be launching its own branded GLP-1 medicines. These are the revolutionary weight loss drugs like Ozempic. Second...
Entered Short MCHP based on the 29 May signal. This is a good exploration probe because if price breaks the resistance we should see some good downward movement. Regime Indicator: Bearish v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend...
Had three signals (JBL, COHR, WDC) but I selected JBL because the price structure on chart looks like it has the best potential to trend. v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1....
Larger bullish movement. There was a pull back and the signal seems to be aligned for a potential bullish continuation v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over...
There seems to be a larger bullish movement Price seems to have stalled here so there is a good chance this breakout can continue. SL position is good also. v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on...
Similar to VECO Bullish price movement seems to have stalled here so there is a good chance this breakout can continue. SL position is good also v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two...
Price does not seem to be able to break upwards especially with the previous bullish signal. So a bearish signal should result in a downwards break. This is aligned to a previous successful bearish setup we saw with SRE v1.6 Exit rule tweaked to Daily 10SMA Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This...
v1.6 Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results...
v1.6 Calibrated entry specs, to slightly loosen up the Stoploss atr_x = 2.5 entry_atr_xfactor = 3.7 ----- This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results...
--- This pattern is a Grade A --- Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart. I am aware that once the regime changes and need to revert back to the original Long strategy New Observation The pull backs still happen...
This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the...
--- This pattern is a Grade C --- Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart. I am aware that once the regime changes and need to revert back to the original Long strategy New Observation The pull backs still happen...
Tweaked strategy v1.1 - ⛈️ Small range lighting April 10, 2024 Utilising the same strategy, we tweaked the exit strategy to align with the regime change. We shorten our trades in this regime change and aim for sharp entries SL & Risk Reward Use indicator red dots as SL and not D1 plotted key points Confirm that Risk/Reward ratio is minimum 2 otherwise...
After a few months taking a step back, exploring, reading and losing. This is the first trade in my new fund 🐲🏔️JDSMF. We are now looking at swing trades based on opportunities derived from exploiting the gap between the market's expectation for how things will turn out (current price) and our own belief of how things will turn out. Good luck to me! The...